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01-19-2001 (WEDC) Minutes Minutes WYLIE ECONOMIC DEVELOPMENT CORPORATION Friday,January 19,2001 Board Members Present: Gary Bowland Marvin Fuller Kevin St. John John Yeager Merrill Young Staff Present: Samuel Satterwhite, Executive Director With notice of the meeting posted in time and manner required by law and a quorum of Board members present, the Board of Directors of the Wylie Economic Development Corporation (WEDC) met in Regular Session on January 19, 2001 in the Board Room of the Wylie Chamber of Commerce at 108A W. Marble St., Wylie, Texas. The meeting was called to order by President John Yeager at 7:11 a.m. ITEM NO. 1 — Executive Session: Hold Executive Session to Discuss Personnel Matters Regarding Evaluation of the Executive Director as Authorized in the Local Government Code, Section 551.074. The WEDC Board of Directors convened into Executive Session at 7:12 a.m. to evaluate the WEDC Executive Director. ITEM NO. 2 —Reconvene from Executive Session: The WEDC Board of Directors reconvened from Executive Session at 7:20 a.m. WEDC Board President Yeager informed the Executive Director that the Board is pleased with the progress and accomplishments of the Executive Director. Furthermore, the WEDC Board has decided to increase the salary of the Executive Director in an amount equal to $10,000 annually effective January 22, 2001. WEDC—Minutes January 19, 2001 Page 2 MOTION: A motion was made by Gary Bowland and seconded by Marvin Fuller to approve a salary increase for the WEDC Executive Director in an amount equal to $10,000 annually. The WEDC Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 3- Citizen Participation. There being no citizen participation, President Yeager proceeded to Item No. 4. ITEM NO.4-Adjourn. There being no further business, the meeting was adjourned at 7:25 a.m. John Yeager, resident Attest: Samuel D.R. Satterwhite Executive Director