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04-19-2017 (WEDC) Agenda Packet NOTICE OF MEETING
Wylie EconomC ic R DPeOveRloA T I pmentO N
Regular Meeting Agenda
April 19, 2017 —6:30 A.M.
WEDC Offices — Conference Room
250 South Highway 78 —Wylie, Texas
Marvin Fuller President
Todd Winners Vice President
John Yeager Secretary
Demond Dawkins Treasurer
Bryan Brokaw Board Member
Mayor Eric Hogue Ex-Officio Member
Mindy Manson,City Manager Ex-Officio Member
Samuel Satterwhite Executive Director
Jason Greiner Assistant Director
Angel Wygant Senior Assistant
In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie
Alunicipal Complex, distributed to the appropriate news media, and posted on the City Website: www.wvlietexas.gov
within the required time frame.
CALL TO ORDER
Announce the presence of a Quorum.
CITIZEN PARTICIPATION
Residents may address the WEDC Board regarding an item that is or is not listed on the agenda. Residents must
provide their name and address. The IIEDC Board requests that comments be limited to three (3) minutes. In
addition, the WEDCBoard is not allowed to converse,deliberate or take action on any matter presented during citizen
participation.
ACTION ITEMS
I. Consider and act upon approval of the March 21, 2017 Minutes of the Wylie Economic
Development Corporation (WEDC) Board of Directors Meeting.
II. Consider and act upon approval of the March 2017 WEDC Treasurer's Report.
III. Consider and act upon amending the Regular Meeting date and time for WEDC Board of
Directors.
IV. Consider and act upon a FY 2016 - 2017 Mid-Year Budget Amendment.
V. Consider and act upon issues surrounding an Amendment to the Performance Agreement
between McClure Partners Development Company, LLC and the WEDC.
WEDC —Agenda
April 19, 2017
Page 2 of 2
DISCUSSION ITEMS
VI. Staff report: review issues surrounding WEDC Performance Agreement Summary,
Woodbridge Crossing, Environmental Activity Summary, Highway 78 Pad Sites, 100 Oak
Street, F.M. 544 pad sites, Metalbilia, 900-C Kirby, Promotional Activities, and regional
housing starts.
EXECUTIVE SESSION
Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code,
to wit:
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located near the intersection
of:
• Commerce & 544
• Ballard & College
• 544 & 78
• Birmingham & 78
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
• Project 2016-lb
• Project 2016-l0a
• Project 2017-l a
• Project 2017-2a
• Project 2017-3b
RECONVENE INTO OPEN MEETING
Take any action as a result from Executive Session.
ADJOURNMENT
CERTIFICATION
I certify that this Notice of Meeting was posted on this 13th day of April 2017 at 5:00 p.m. as required by law in
accordance tii'ith Section 551.042 of the Texas Government Code and that the appropriate news media was contacted.
As a courtesy, this agenda is also posted on the City of Wylie website: www.wylietexas.gov.
Carole Ehrlich,City Secretary Date Notice Removed
Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Tuesday, March 21, 2017 —6:30 A.M.
WEDC Offices— Conference Room
250 South Highway 78 — Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Marvin Fuller called the meeting to order at 6:33 a.m. Board Members present were John
Yeager, Todd Wintters and Bryan Brokaw. Demond Dawkins arrive at 6:35 a.m.
Ex-officio member Mindy Manson, City Manager was present.
WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner and
Senior Assistant Angel Wygant.
CITIZEN PARTICIPATION
President Fuller welcomed citizen guests Lynn Grimes and Ian McGregor. Ms. Grimes reminded the
Board that Taste of Wylie was scheduled for Monday, April 24th and encouraged Board members to
attend if they were available.
With no further citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the February 24, 2017 Minutes of the Wylie
Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by John Yeager and seconded by
Bryan Brokaw to approve the February 24, 2017 Minutes of the Wylie Economic
Development Corporation. The WEDC Board voted 5 —FOR and 0 — AGAINST
in favor of the motion.
ITEM NO. 2— Consider and act upon approval of the February 2017. WEDC Treasurers Report.
Staff covered the highlights of the Treasurers Report noting that Ascend had been paid their final
Incentive payment. He also noted that lease payments were in good standing with all but one tenant
current and that tenant being 3 weeks in arrears. Staff expects that situation to be corrected shortly.
MOTION: A motion was made by Todd Wintters and seconded by
Demond Dawkins to approve the February 2017 Treasurers Report for the Wylie
WEDC —Minutes
March 21, 2017
Page 2 of 7
Economic Development Corporation. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
ITEM NO. 3 — {Remove from Table} Consider and act upon issues surrounding a Performance
Agreement between WEDC and SAF-Holland USA.
MOTION: A motion was made by Todd Winters and seconded by
John Yeager to Remove Item from Table. The WEDC Board voted 5 —FOR and 0
— AGAINST in favor of the motion.
As directed in Executive Session, WEDC counsel has drafted a Performance Agreement between the
WEDC and SAF-Holland USA(Holland). The value of the new equipment along with additional capital
investment in personal property is estimated at $4.67 mm. The economic incentive over the next four
years to Holland is based upon new jobs created and new personal property value.
Mr. Jason Greiner has been working with Impact Data Source which develops economic models to
evaluate the cost-benefit to a community providing incentives to new or expanding companies. Mr.
Greiner and Impact Data Source finalized the analysis and provided a full oral and written report to the
Board. Two Economic Impact analysis scenarios were provided to the Board and Mr. Greiner explained
how the differing data input on the number of employees affected the short and long-term economic
impact to the community.
Staff mentioned that the President of SAF-Holland had offered to host the WEDC Board for a tour of
the facility if the Board would be interested in that at a later date. The Board indicated they would like
to tour the facility.
Staff recommended that the WEDC Board of Directors approve a Performance Agreement between the
WEDC and SAF-Holland USA.
MOTION: A motion was made by Todd Wintters and seconded by
John Yeager to approve a Performance Agreement between the WEDC and SAF-
Holland USA. The WEDC Board voted 5—FOR and 0—AGAINST in favor of the
motion.
Mayor Eric Hogue arrived at 6:53 a.m.
ITEM NO. 4 - Consider and act upon an agreement with Impact Data Source for consulting
services.
Attached for review was a proposal from Impact DataSource for Consulting Services. The program
would allow WEDC Staff to develop more in-depth economic impact analysis when evaluating projects.
Impact DataSource would prepare and provide a custom Impact DashBoardTM or computer model that
analyzes the overall economic and fiscal impact of each unique project. The web based application is
WEDC —Minutes
March 21, 2017
Page 3 of 7
designed with our local tax rates and then analyzes each project's capital investment, job creation and
average wage.
As was shown on Page 3 of the proposal, the annual subscription fee equals $4,750 which establishes a
one-year service agreement. A six-month subscription is available to us as well for $2,375. This reduced
amount would cover the remainder of this fiscal year and then the Board will have the option to renew
the subscription at the annual rate in the new budget year.
Board Member Dawkins inquired about previous projects to see what the payback period was in
actuality. Satterwhite indicated that Mr. Greiner would be charged with taking a sampling of pervious
projects to determine if our internal projects were accurate.
Staff recommended that the WEDC Board of Directors authorize the assistant director to enter into an
agreement with Impact DataSource in the amount of$2,375 for the creation and subscription of our own
Impact DashBoardTM
MOTION: A motion was made by Bryan Brokaw and seconded by
Todd Wintters to authorize the assistant director to enter into an agreement with
Impact DataSource in the amount of$2,375 for the creation and subscription of our
own Impact DashBoardTM. The WEDC Board voted 5 —FOR and 0 — AGAINST
in favor of the motion.
ITEM NO. 5 — Consider and act upon issues surrounding the construction of parking
improvements on WEDC property located at 111 N. Ballard.
MOTION: A motion was made by John Yeager and seconded by
Demond Dawkins to Remove Item from Table. The WEDC Board voted 5 —FOR
and 0 — AGAINST in favor of the motion.
Staff informed the Board that the City Engineer had received the plans for parking improvements on
WEDC property located adjacent to and south of Boyd Recording Studio on Ballard Street. The plans
identify 18, angled parking spaces coming in from Ballard Street and exiting around the east side of
property owned by Mr. Billy Conkle to Oak Street as was shown on the provided Paving Plans.
Following comments and final approval from the City Engineer, Helmberger Associates will send these
plans out for bid to at least three qualified contractors.
Construction costs have been estimated at $105,000 for paving and $25,000 for Oncor to relocate two
existing utility poles and replace multiple transformers. Mr. Greiner received the Oncor estimate via
email but will now send final plans to Oncor for a more formalized quote. The only outstanding issue is
the unknown cost for relocating Frontier service lines which Mr. Greiner is currently pursuing.
Staff recommended that the WEDC Board of Directors authorize the Executive Director to enter into a
Construction Contract for parking improvements and an Agreement with Oncor for the relocation of
utility poles and transformer upgrades not to exceed $135,000 cumulatively.
WEDC —Minutes
March 21, 2017
Page 4 of 7
President Fuller inquired about the need for a designated handicap spot in the parking improvements.
The Board agreed that it might be advantageous to offer one near the sidewalk along Ballard across from
Olde City Park. Staff was directed to explore this option as well as the possibility and costs associated
with creating deeper parking spots, where possible, extending to the edge of the property owned by Boyd
Studios. Staff will explore incorporating these adjustments into the final design subject to approval by
the City Engineer.
MOTION: A motion was made by Todd Wintters and seconded by
John Yeager to authorize the Executive Director to enter into a Construction
Contract for parking improvements and Agreement with Oncor for the relocation of
utility poles and transformer upgrades not to exceed $135,000 cumulatively. The
WEDC Board voted 5 —FOR and 0— AGAINST in favor of the motion.
ITEM NO. 6 — Consider and act upon an amendment to a Performance Agreement between
WEDC and DANK Real Estate Ltd.
Staff reviewed for the Board the requirements necessary for DANK Real Estate to qualify for incentive
payment 3 of 3. DANK is in compliance with the terms of the performance agreement having a real
property valuation of$939,362 and a business personal property valuation of$367,728 for a total taxable
valuation of$1,307,090. However, this year's property taxes were inadvertently overlooked and were
not paid until February 24, 2017.
Given that DANK Real Estate is current on property taxes, penalties and interest, and has complied with
all other terms of the Performance Agreement, staff believed that the spirit of the agreement had been
upheld and recommended that the Board approve a First Amendment to the agreement allowing for an
extension by which DANK Real Estate, Ltd must have ad valorem property taxes paid to February 24,
2017.
MOTION: A motion was made by John Yeager and seconded by Todd Wintters to approve a
First Amendment to the Performance Agreement between WEDC and DANK Real
Estate, Ltd. allowing for an extension of the time period by which ad valorem
property taxes must be paid to February 24, 2017. The WEDC Board voted 5 —
FOR and 0 —AGAINST in favor of the motion.
ITEM NO. 7-Consider and act upon an amendment to a Performance Agreement between WEDC
and VIAA Properties, LLC.
Staff reviewed for the Board the requirements for VIAA Properties, LLC to qualify for incentive
payment 2 or 2. VIAA is in compliance with the terms of the performance agreement having a real
property valuation of$1,162,446 and a business personal property valuation of$99,600 for a total taxable
valuation of$1,262,046. However, this year's property taxes were inadvertently overlooked and were
not paid until February 14, 2017.
R
WEDC—Minutes
March 21, 2017
Page 5 of 7
Given that VIAA Properties, LLC is now current on property taxes, penalties and interest, and has
complied with all other terms of the Performance Agreement, staff believed that the spirit of the
agreement had been upheld and recommended that the Board approve a First Amendment to the
agreement allowing for an extension of the time period by which ad valorem property taxes and fees
must be paid to February 14, 2017.
MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to approve a
First Amendment to the Performance Agreement between WEDC and VIAA
Properties, LLC allowing for an extension of the time period by which ad valorem
property taxes and fees must be paid to February 14, 2017. The WEDC Board voted
5 —FOR and 0 —AGAINST in favor of the motion.
City Manager Mindy Manson departed the meeting at 7:45 a.m.
ITEM NO. 8-Consider and act upon an amendment to a Performance Agreement between WEDC
and Getset,LLC.
Staff reviewed for the Board the requirements for Getset, LLC to qualify for incentive payment 2 of 3.
Getset is in compliance with the terms of the performance agreement having a real property valuation of
$937,428 and a business personal property valuation of $815,551 for a total taxable valuation of
$1,752,979. Property taxes for business personal property were paid on 1/30/17 but real property taxes
were inadvertently overlooked and not paid until March 15, 2017.
Given that Getset, LLC is current on property taxes, penalties and interest, and has complied with all
other terms of the Performance Agreement, staff believed that the spirit of the agreement had been upheld
and recommended that the Board approve a First Amendment to the agreement allowing for an extension
of the time period by which real property ad valorem property taxes must be paid to March 15, 2017.
MOTION: A motion was made by John Yeager and seconded by Bryan Brokaw to approve a
First Amendment to the Performance Agreement between WEDC and Getset, LLC
allowing for an extension of the time period by which ad valorem property taxes
must be paid to March 15, 2017. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
DISCUSSION ITEMS
ITEM NO. 9 — Staff report: review issues surrounding WEDC Performance Agreement Summary,
Environmental Activity Summary, Meeting Date/Time, Highway 78 WEDC Pad Sites, F.M. 544 pad
sites, Local Entrepreneur Focus Group, Promotional Activities, and regional housing starts.
No action was requested by staff for this item.
WEDC—Minutes
March 21, 2017
Page 6 of 7
ITEM NO. 10— Discuss issues surrounding a Regional Advertising and Marketing Initiative.
Staff reminded the Board that within the FY 2016 — 2017 Budget, the WEDC Board of Directors
dedicated $100,000 for regional advertising and marketing with the intent of promoting Wylie to the
smaller region of Garland, Richardson, Plano, Allen, McKinney and to the larger region of the D/FW
metroplex. In collaboration with City of Wylie Public Information Office, staff presented a proposed
outline of the program for discussion and input.
Mr. Craig Kelly, with whom Staff has been collaborating, has assisted in developing the plan details and
further agreed to facilitate and help with implementation. The branding exercise will most likely begin
with a Council work session to receive general direction. The balance of efforts will be event driven.
Staff noted that the identified line items only represent $74,000 of the budgeted $100,000. Year 2 of
this multi-year campaign could be judged against the above efforts and refined accordingly. As well,
Year 2 would obviously not include funding for Brand Development.
Staff presented this Item for information only.
Board Member Bryan Brokaw departed the meeting at 8:29 a.m.
EXECUTIVE SESSION
Recessed into Closed Session at 8:32 a.m. in compliance with Section 551.001, et.seq. Texas Government
Code, to wit:
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated (Open
Meetings Act). Consider the sale or acquisition of properties located near the intersection of:
• Birmingham& Highway 78
• Brown & Ballard
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
• Project 2015-12a
• Project 2016-10a
• Project 2017-l a
• Project 2017-2a
• Project 2017-3a
• Project 2017-3b
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 8:56 a.m. and took no action.
WEDC - Minutes
March 2 I, 2017
Page 7 of 7
ADJOURNMENT
With no further business, President Fuller adjourned the WE➢C Board meeting at 8:56 a.m.
Marvin Fuller, President
ATTEST:
Samuel Satterwhite, Director
Wylie Economic Development Corporation
MEMORANDUM
TO: Samuel Satterwhite, Executive Director
FROM: Angel Wygant, Senior Assistant(r4__
SUBJECT: March 2017 Treasurer's Report
DATE: April 7, 2017
Issue
Consider and act upon approval of the March 2017 WEDC Treasurer's Report.
Analysis
From the Balance Sheet,page 1:
Deposits - $7,000. This amount reflects a deposit WEDC paid to Wylie Industrial Court for the
current location of the WEDC office in the amount of$2,000 and a $5,000 Escrow Deposit for
the purchase of the McMillan Property located at 105 N. Jackson Street.
Loan Receivable - $58,901.17. This represents the balance of the Wylie Ice Cream Holdings
note, which is reduced by the principal paid each month. There was a starting balance of$93,950
as of December 2012. Wylie Ice Cream Holdings has 33 payments remaining with a balloon
payment of$33,248.44 due on 12-15-19.
Account Rec — Forgivable Loans - $371,666.66. This figure includes the remaining balance of
The Wedge loan in the amount of $91,666.66. Assuming The Wedge remains in compliance
with their Performance Agreement, forgiveness of the remaining loan balance will be made on
12/31/18. The figure above also includes the loan made to Exco Extrusion Dies in the amount of
$350,000. The first loan payment was forgiven on February 24, 2017 in accordance with the
terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 4
loan payments will be forgiven in equal amounts of $70,000 on an annual basis effective
February 24tn
Deferred Outflows - $589,500. This is a total of incentive payments which are due in the future.
A breakdown of these charges includes: B & B Theatres - $50,000, Dank Real Estate - $7,500,
GetSet - $20,000, All State Fire - $40,000, Von Runnen Holdings - $10,000, Exco Extrusion
Dies — $60,000, KREA - $100,000, McClure Partners - $50,000, T.W. Snider - $42,000, VIAA -
WEDC March 2017 Treasurer's Report
April 7, 2017
Page 2 of 3
$20,000, Patna Properties - $10,000, Freudiger Holdings - $30,000, ACG Texas - $35,000, Trout
- $15,000, and REVA Hospitality- $100,000.
From the Balance Sheet,page 2:
Deferred Inflow - $214,901.17. The Deferred Inflow Account tracks deferred revenues to be
received from Wylie Ice Cream Holdings and Exco Extrusion Dies. The Wylie Ice Cream
deferred revenue is reduced by the monthly principal payment actually received, which for March
was $747.95. The Exco Extrusion Dies deferred revenues will be reduced by $39,000 annually
over a 5-year period. The annual $39,000 amount represents one fifth of the $195,000 profit that
would have occurred if the loan forgiveness were not in place ($350,000 - $155,000= $195,000).
Revenue and Expense Report,page 2:
Interest Earnings - $248.54. Interest earnings from the Wylie Ice Cream Holdings
Loan Repayment - $747.95. Principal payment from the Wylie Ice Cream Holdings.
Rental Income — $7,500. DCU - $3,400, Delta-E - $800, Wheels Unlimited - $1,400, Richmond
Hydromulch- $500, Trimark- $1,000, Helical Concepts - $400.
Revenue and Expense Report,page 3:
Office Supplies - $126. Wylie Days Book Binding(126).
Food Supplies - $127.56. WEDC Board Mtg. Meal — February ($61.11), Kitchen Supplies —
($66.45).
Incentives - $108,477.84. Mil-Tib Payment 1/1 ($38,250), Woodbridge Crossing — Qrtly Sales
Tax Reimbursement($70,227.84).
Special Services — $13,924.49. Retail Coach Payment 1 of 2 ($10,000), Janitorial ($157.50),
Plant — Martin Ofc Opening ($42.99), Qrtly Pest Control ($95), SWPPP Hwy 78 ($425),
Environmental: 605 Commerce ($1,150), Hwy 78 ($1,233),Kirby($821),
Advertising - $2,905. In & Around($1,555), Chamber Directory($1,200), Downtown Audio Ad
($150).
Community Development - $2,325. Taste of Wylie ($1,000), Farmersville Rotary Sponsor
($750), WISD Galaxy Teacher Award ($500), Chamber luncheon($75).
Travel & Training - $6,940.34. HK Strategies — Greiner ($10), ICSC Parking ($12), TEDC
Parking ($72), TEDC Reg. Greiner ($400), TEDC Hotel — Greiner ($656.12), TEDC Air —
Greiner ($243.40), TEDC Taxi — Greiner ($67.62), TEDC Meals — Greiner ($57.93), Wylie
WEDC March 2017 Treasurer's Report
April 7, 2017
Page 3 of 3
Taxi — Greiner ($72.87), Wylie Days Meal — Greiner ($34.26), Wylie Days — Air— Greiner ($75),
Wylie Days Hotel — Greiner ($240.35), Wylie Days Hotel — Brokaw ($240.35), Wylie Days
Legislative Event ($2,516.00), Wylie Days Hotel — Satterwhite ($774.01), Wylie Days Parking
($48), Collin County Days ($1,000), Mtg/Prospect Recruit—($420.43).
Dues & Subscriptions - $687.86. ICSC Membership - Hogue ($50), Club Corp Dues—February
($637.86).
Insurance - $303. Blanket Bond Renewal.
Audit & Legal - $5,360. Atty Fees: CFA ($1,740), Dallas Whirlpool ($220), McMillan ($160),
Anonymous Complaint ($3,160), proposed development ($80).
Engineering & Architectural - $9,645.70. Engineering Services: Hwy 78 Deceleration Lane
($2,082.93), Downtown Parking ($7,562.77).
Recommendation
Staff recommends that the WEDC Board of Directors approve the March 2017 Treasurer's
Report.
Attachments
March 2017 Treasurer's Report
Sales Tax Revenue
Wylie Economic Development Corporation
Statement of Net Position
As of March 31,2017
Assets
Cash and cash equivalents $ 1,011,094.00
Receivables $ 430,567.83 Note 1
Inventories $ 8,913,591.72
Prepaid Items $ -
Total Assets $ 10,355,253.55
Deferred Outflows of Resources
Pensions $ 66,481.55
Total deferred outflows of resources $ 66,481.55
Liabilities
Accounts Payable and other current liabilities $ 112,853.29
Unearned Revenue $ 220,901.17 Note 2
Non current liabilities:
Due within one year $ 1,877,091.67 Note 3
Due in more than one year $ 3,948,895.25
Total Liabilities $ 6,159,741.38
Deferred Inflows of Resources
Pensions $ 2,839.41
Total deferred inflows of resources $ 2,839.41
Net Position
Net investment in capital assets $ -
Unrestricted $ 4,259,154.31
Total Net Position $ 4,259,154.31
Note 1: Includes incentives in the form of forgivable loans for$371,666.66
Note 2: Wylie Ice Cream loan payments;Exco amortization;deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$57,489.00
Note 4: The WEDC provides monetary incentives to companies to relocate/expand within
the City of Wylie. At March 31,2017,these commitments totaled$589,500.00.
rm LT' OF WYLIE PAC;E:
BALANCE SEEET
A".-_; OF: MARCH
ill-wyLrr DEVEL .:ORP
ACCOUNTf TITLE
AS...SY.T5
•
C: CLANA EOWV :,014,362.47
IODO-le-_,':15 CASH - WED;:: TNWOOLD
1010-1 1).o0
101.1- ',014.on
]0*;1-1PFI 07HER - MZSC .".:LEAR:N('; 0.00
10-1D341 TrAP(.1C.. rLOO
033-1.054S 11.130
1000-1C4111 INTEREST RECE:VA5,...E. 0.00
! ESC
0,10-1117 ACCTS - SALES TAX G.00
010-12810 lEASE PAYMENTS RECE:VABLE e_on
1M0--12 ,0 LOAN PRO'.2.RF.DS RECF7VABLE 0.00
WO-12E,96 WAN PECEIVAI3LE 58,901.17
1010-12,62 REC JTM TECH 0.00
l0on-121199 - LOANS
"i000-1.112 INVENTORY - MATERIAL/ SUP;LY 6.00
!On0-14!1& INVENTORY - LAND 2. UiL0iNGS 9,913,591.'12
L5J0-14:1P ENVENTORY - B.AYCL)/ P,.Nli-JEN BLVD 0.60
1000-14.310 PFEPAID EX:If.NStS 14I52 c.c.n
!010-14410 DEFERRED OUTFLOWS SR9,50D.00
10,04 ,022.02
TOTAL A'.,:.‘_:ETS 1.0,1141,,r122.02
- ••. •
LIAR ILIT:ES
2000-2,;;10 1=FR.A.1. INCLINE TAX PAYAP,LE 0.00
2000-3C111 XF.DICARE PAYARLP. r:.00
:.11o11-30:12 SU?PORT PAYABLE G.00
11030-2&' I r',' D7^ UNION rAYABLE 0.0f1
2000-201 14 I713 LEW PAYARLF 1.G11
NATTONUIDE DEEERED COMP 0.06
2000-20 1 !!‘i1.1P. PAY-F.MPLOYEE 0.11)
3610-2611.7 TXRS PAYABLE 0.60
2000-20110 ROTH IRA PAYABLE 0.00
21)10-2019 WORF.ERS CCXP PAYAELE 6.110
2000-20=:: PAYAaLE 0.00
2000-22121 TEC PAYABLE 11.1.0
20.141-20122 STUDENT LOAN LEVY PAYABLE e,,co
?111!13-70123 Ai.MNY PAYABLE 0.00
2i-104-2N:A BANKRUnCY PAYABLE 0.00
2041-2(.1.!"29 VALif: :-/EFERRED 9:1:44P 0.00
2000-20126 ICNA PAYABLE 0.00
3000.- 007 EMP. LECAL SERV1=CFS 0.00
200C1-201.-0 ILE> 11LE SPENr:7N1; AC:COUNT 375.00
20:)0-212131 FONAP.D .MNES DEFERRED COMP 1.1.00
2100-201.32 13.11> CAP.F. FL1TE 12.00
2(100-201',1 ACCR,JED WA,_;L.:.I PAYABLE 0.00
2100-20160 ADDLE EXL-,LOYEE INSUR PAY n.co
2000-21q9 M:SC PAYROU PAYABLE O_CO
4-1)- 017 12:56 PM CITY OF WYL.1.E PAGE! 2
BALANt-E OIET
OF: MARCH
11]--WYLI( N;)!41.0 DEVE1 wRr
ACs'.-UNTR TITLE
.... _
:1.00;1-2;.i2.01 An rEND7NO ,2)0.67
200,2-20210 ACCOUNTS PAYABLE 105,265.'
201,1-2n30 PRuPF9'.-, P:,vABI,F G.60
W1E6 ,7'AYAMLF, :189,S:p",.00
2000-20Pin DUE TO GENERAL 1,1NID U.(10
203,)-2220 DEFERRED :NFLCre: 214,9)1.17
700)-222.•!: DU INFLOW - LFAST1 PRINcIPAL c.rin
71 . 27200 OFFF.RED 70FLOW - LFANF. TNT 0.07
2112}-229I0 RENTAL DEPO111' 6,0)0.DO
ToTAL LTA2t7LTTIES 92 ,254_46
EQUITY
:i000-14110 FUND BALANcE - RESERVEDC.111
2000-34.590 FUND BALANCE-uNRESERV/UNDEsIc 8,229,357.46
TOTAL !',E:.;INN.7N0 EQUITY
TOTAL REVENUE
TOTAL EXPENSE 1,j),S, r!2,52
REVENUE (1VER/IUNDER) EXPENSES
TOTAL EQUITY oVER/(UNDER)
TuTAL I, A11T1,!TIF , EQUITY 4 OVERJ(UNOSR) 10,941,022_02
•
Q-1C1-20_7 12:56 PM .ITY OF 11YLIE PAGE:
BALANCE SHEET
1..S [1F=: MARCH 5'-=., 20!••
A.:COLNTN TITLE
1l. 1FR!d1•IF,12' NOTES 0.00
:7G0-181112 LOAN - :4E;;7C: G.00
:310-1P:::.1 LOAN - BIRIINC,HA11 0.00
1320-15210 ANOUI-1T TO BE PRc0:LE!7 U.011
1000-10 20 .'..'.111125Gil AN LOAN c.nn
:O50-190=..4 FIF,F 011T [ON - C:ONT!t:1:JTIONS 73,1122.20
101.1-1�!0-.' JEF c 1'^F,OW - INVESTMENT EX?
1000-19:00 7E` Cli_TFLOW - ACT :;i{PIASS!R•7P 4,225.18
101•J-14'-25 {:;AIV!'('lOS 011 ASSUMPTION i:HG{ ,8'0. ,1}
.-.. ..... 65,642.14
TOTAL ASSETS ,1d,642.14
LIAR:LITIES
201-2C-.310 C[:;3PENSATED A3:1'.EI•ICES PAYALLF 94,593.;;1
2E700-2G 31_ 'COP AB51,E[1C'5S PAY;A:i;,F-OL1RPEt0'1' 11,00
11 100-71410 ACCRUF.D INTEREST PAYABLE 4,630.25
2:1110-28205 WF^C' LOA[•:ORR.:U5IRENT 1,545,25F.21
2000-21220 RI 141011!AM LOAN a.0n
2i100-28230 iN'Wi;:10 LOAN {]-[]0
2.100-28212 551 LOAN/EDGE r:.Cn
:'9.3p-2nc 33 5N33. [.OA?4.PF2LICORD WHI:'E 552,2';3.6
2000-757 i•1 A51? !:UAN lRANDACE NUONES 20,995.75
2.107-222.1i 25P. 1•1511 01.1111
2000-?8236 -1N1 CONSTRUCTION LOAN 0_00
200'7-25222 :411 LOAN/ 4::1411RRI11CI. PARKWAY 545,20-1.60
200,7-28738 AMR iOON!1UI.::?ANMI 162,440.60
20110-28239 ANI? LOAN/ ONE5:1!C13ART PAYOFF 193,693_04
2000-28240 EI[ICHES 12075N 6_00
::030-'1;24S ANTI LC.1N/D,ALLAS WHIRLPO]t. 2,!1f3:;,a00.0U
20I)0-2A747 .1,LiiRARD LOAN 21(1,1172.1
23' -2R250 i ITY OF p{•01.15 LOAN 0.V1
200.1-28260 PR:[4E SLITS LOAN n.GQ
2'O00-252 0 110w.I.ANO/ANDFRIIIJN LOAN 9.00
2030-28280 (:APITAi. oNE :J50AD I.!1111 0.00
:5700-2$2'10 1!0EAR'I:2Oldi•:ERr' LOAN n.00
2000-29150 NET PENSION LIABILITY 185,112.12)
T:7'1•Ai. 1-IAML:TIFS 5,58L45.92
EQUITY
d0:1i]-34520 FUND LANOFE-UNRFSFRViUNDRS[G l 3,736,029.50(
30-30-359 3 UNRESTR.I.:TED NET P 1SLTI1N l 11•i,200.C101
TDTAL =101T1!113116 EQUITY ( 3,857,99�501
TOTAL REVENUE ( 2,3Ui:,0nr.•.nn!
TOTA7, {PENS P. ! 311,164.721
4-10-2017 12:56 PM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: MARCH 31ST, 2017
922-GEN LONG TERM DEBT (WEDC)
ACCOUNT# TITLE
........ ........... .... ........
REVENUE OVER/(UNDER) EXPENSES ( 1,968,835.28)
TOTAL EQUITY & OVER/(UNDER) ( 5,819,833.78)
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 63,642.14
,l-l0-2n11 12:59 lit CITY OF WYLIE RAr.,1E; 1
REVENUE .Ni) EXPENBF. REPORT - (UNAUDITE1A
AS OF; MARCil 11ST, 2017
111-NYLTE ECONOMIC DEUET CORP
FINANCIAL SUMMARY
CURRENT ilURREN'I PRIOR Y7.AR Y-1.--1.. Y--1"-D BUD11E7 "L, OF
B17DGET PERIOD co An..7117. A'.:TUAL ENc.1UXPRANCE BALANCE RUP,(1ET
REVE1111;1•1 SUMMARY
TAXES 2,467,2.15.00 191,647,1i 0,00 8(12,500,54 6.70 1,604,194.46 34.91)
INTERIWERNMENTAL REV. 0.00 0.:10 C1,00 0.00 0.00 0.011 0.:10
INIEREST INCOME 12,1138,00 1,264.96 G.00 9,675,44 0.00 3,282.56 74.61
MIS,:ELLANEDUS INC,..:ME 1,1 0, ,.1.)13,00 4,'7.00.0-3 0.00 1-',006,114 0.00 1,521,351.3G 1.11
0"7R. FINANCIW ScJURCES 0.00 0.01 D.00 2,2.00,010.00 0.C.0 ( 2,3(16,001.00) 0.110
TflTAL REVENUES 4.019,4111.00 200,412.69 0,00 1, 11,192.60 0.00 8211,423.38 09.36
EXPENPITURE symw,F,:l'
DEVELOPMENT CORP-WEEK: -1,434,29/.00 .218,1)71.13 (1.00 i, 195, i.e2.i:: 0_119 1,,)R7,,324.I R .01.1:5
TOT A L EY,PEND I T!3E1.1.5 4,434,297,00 273,57:.vi. 11.01) 1, 016, ?72.s2 0.00 3,W1,52.4.4S :51.111
REVENUE OVEF/(UNDER) EXPENDITURES ( 461'..,(4“?.0.0) ( ,3,1111.041 (1,00 1,092,410.11 0.00 ( 2,253,096.10) i84.90-
4-10-2017 12:59 PM CITY OF WYLIE PAGE: 2
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: MARCH 31ST, 2017
111-WYLIE ECONOMIC DEVEL CORP
REVENUES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
TAXES
4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-40210 SALES TAX 2.467,295.00 191,647.73 0.00 862,500.54 0.00 1,604,794.46 34.96
TOTAL TAXES 2,467,295.00 191,647.73 0.00 862,500.54 0.00 1,604,794.46 34.96
INTERGOVERNMENTAL REV.
................
4000-43518 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INTEREST INCOME
4000-46050 CERTIFICATE OF DEPOSIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-46110 ALLOCATED INTEREST EARNINGS 1,000.00 268.47 0.00 1,504.70 0.00 ( 504.70) 150.47
4000-46140 TEXPOOL INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-46143 LOGIC INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-46150 INTEREST EARNINGS 2,962.85 248.54 0.00 3,729.33 0.00 766.48) 125.87
4000-46160 LOAN REPAYMENT (PRINCIPAL) 8,995.15 747.95 0.00 4,441.41 0.00 4,553.74 49.38
4000-46210 BANK MONEY MARKET INTEREST 0.00 _ 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INTEREST INCOME 12,958.00 1,264.96 0.00 9,675.44 0.00 3,282.56 74.67
MISCELLANEOUS INCOME
4000-48110 RENTAL INCOME 72,600.00 7,500.00 0.00 48,006.64 0.00 24,593.36 66.12
4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-48410 MISCELLANEOUS INCOME 115,758.00 0.00 0.00 0.00 0.00 115,758.00 0.00
4000-48430 GAIN/(LOSS) SALE OF CAP ASS 1,350,000.00 0.00 0.00 ( 31,000.00) 0.00 1,381,000.00 2.30-
TOTAL MISCELLANEOUS INCOME 1,538,358.00 7,500.00 0.00 17,006.64 0.00 1,521,351.36 1.11
OTHER FINANCING SOURCES
4000-49160 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-49325 BANK NOTE PROCEEDS 0.00 0.00 0.00 2,300,000.00 0.00 ( 2,300,000.00) 0.00
4000-49550 LEASE PRINCIPAL PAYMENTS (0 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-49600 INSURANCE RECOVERIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OTHER FINANCING SOURCES 0.00 0.00 0.00 2,300,000.00 0.00 ( 2,300,000.00) 0.00
TOTAL REVENUES 4,018,611.00 200,412.69 0.00 3,189,182.62 0.00 829,428.38 79.36
4-10-2017 12:59 PM CITY OF WYLIE PAGE: 3
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: MARCH 31ST, 2017
111-WYLIE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
PERSONNEL SERVICES
5611-51110 SALARIES 267,575.00 30,875.58 0.00 139,190.83 0.00 128,384.17 52.02
5611-51130 OVERTIME 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51140 LONGEVITY PAY 1,168.00 0.00 0.00 1,168.00 0.00 0.00 100.00
5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51160 CERTIFICATION INCENTIVE 0.00 0.00 0.0.7 0.00 0.00 0.00 0.00
5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0.1..10 0.00 0.00 0.00 0.00
5611-51210 CAR ALLOWANCE 12,600.00 1,453.89 0.00 6,132.55 0.00 6,467.45 48.67
5611-51220 PHONE ALLOWANCE 4,656.00 0.00 0.00 2,328.00 0.00 2,328.00 50.00
5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0.00] 0.00 0.00 0.00 0.00
5611-51260 MOVING ALLOWANCE 0.00 0.00 0.0] 0.00 0.00 0.00 0.00
5611-51310 TMRS 42,427.00 4,917.84 0.0:] 21,812.19 0.00 20,614.81 51.41
5611-51410 HOSPITAL & LIFE INSURANCE 32,521.00 2,850.12 0.0.7 16,850.24 0.00 15,670.76 51.81
5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0.0] 0.00 0.00 0.00 0.00
5611-51420 LONG-TERM DISABILITY 1,471.00 80.47 0.1)0 549.45 0.00 921.55 37.35
5611-51440 FICA 17,443.00 1,963.74 0.00 6,240.49 0.00 11,202.51 35.78
5611-51450 MEDICARE 4,079.00 459.25 0.01 2,060.97 0.00 2,018.03 50.53
5611-51470 WORKERS COMP PREMIUM 716.00 0.00 0.00 495.36 0.00 220.64 69.18
5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 0.00 0.00 810.00 0.00
TOTAL PERSONNEL SERVICES 385,466.00 42,600.89 0.00 196,828.08 0.00 188,637.92 51.06
SUPPLIES
5611-52010 OFFICE SUPPLIES 5,500.00 126.00 0.00 1,147.91 0.00 4,352.09 20.87
5611-52040 POSTAGE & FREIGHT 980.00 0.00 0.00 16.89 0.00 963.11 1.72
5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-52810 FOOD SUPPLIES 2,250.00 127.56 0.00 609.64 0.00 1,640.36 27.10
5611-52990 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00
TOTAL SUPPLIES 13,730.00 253.56 0.00 1,774.44 0.00 11,955.56 12.92
MATERIALS FOR MAINTENANC
5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-54810 COMPUTER HARD/SOFTWARE 3,000.00 0.00 0.00 187.50 0.00 2,812.50 6.25
5611-54990 OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL MATERIALS FOR MAINTENANC 3,000.00 0.00 0.00 187.50 0.00 2,812.50 6.25
CONTRACTUAL SERVICES
5611-56030 INCENTIVES 1,175,281.00 108,477.84 0.00 542,599.84 0.00 632,681.16 46.17
5611-56040 SPECIAL SERVICES 127,600.00 13,924.49 0.00 73,455.98 0.00 54,144.02 57.57
5611-56080 ADVERTISING 144,700.00 2,905.00 0.0.7 15,921.00 0.00 128,779.00 11.00
5611-56090 COMMUNITY DEVELOPMENT 52,000.00 2,325.00 0.00 14,058.36 0.00 37,941.64 27.04
5611-56110 COMMUNICATIONS 9,350.00 587.30 0.00 2,859.08 0.10 6,490.92 30.58
5611-56180 RENTAL 29,328.00 2,444.00 0.0.7 16,923.42 0.0.7 12,404.58 57.70
5611-56210 TRAVEL & TRAINING 36,000.00 6,940.34 0.00 13,846.69 0.01 22,153.31 38.46
5611-56250 DUES & SUBSCRIPTIONS 19,560.00 687.86 O.UO 6,467.30 0.00 13,092.70 33.06
5611-56310 INSURANCE 4,310.00 303.00 0.0.0 3,201.10 0.00 1,108.90 74.27
5611-56510 AUDIT & LEGAL SERVICES 23,000.00 5,360.00 0.L10 19,579.50 0.00 3,420.50 85.13
5611-56570 ENGINEERING/ARCHITECTURAL 20,000.00 9,645.70 0.00 22,863.30 0.00 ( 2,863.30) 114.32
5611-56610 UTILITIES-ELECTRIC 2,400.00 145.74 0.00 701.22 0.00 1,698.78 29.22
TOTAL CONTRACTUAL SERVICES 1,643,529.00 153,746.27 0.00 732,476.79 0.00 911,052.21 44.57
4-10-2017 12:59 PM CITY OF WYLIE PAGE: 4
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: MARCH 31ST, 2017
111-WYLIE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET I OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
DEBT SERVICE & CAP. REPL
5611-57110 DEBT SERVICE 1,910,906.00 0.00 0.00 0.00 0.00 1,910,906.00 0.00
5611-57410 PRINCIPAL PAYMENT 0.00 63,705.36 0.00 331,164.72 0.00 ( 331,164.72) 0.00
5611-57415 INTEREST EXPENSE 0.00 18,265.65 0.00 96,940.99 0.00 ( 96,940.99) 0.00
5611-57710 BAD DEBT EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEBT SERVICE & CAP. REPL 1,910,906.00 81,971.01 0.00 428,105.71 0.00 1,482,800.29 22.40
CAPITAL OUTLAY
5611-58110 LAND-PURCHASE PRICE 128,866.00 0.00 0.0•7 2,482,573.30 0.00 ( 2,353,707 30) 926.48
5611-58120 DEVELOPMENT FEES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-58150 LAND-BETTERMENTS 0.00 0.00 0.0.7 0.00 0.�70 0.00 0.00
5611-58210 STREETS & ALLEYS 391,300.00 0.00 0.0) 37,400.00 0.00 353,900.00 9.56
5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-58810 COMPUTER HARD/SOFTWARE 5,000.00 0.00 0.07 0.00 0.00 5,000.00 0.00
5611-58830 FURNITURE & FIXTURES 2,500.00 0.00 0.00:1 0.00 0.00 2,500.00 0.00
5611-58910 BUILDINGS 0.00 0.00 0.00 0.00 0_00 0.00 0.00
5611-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.07 ( 2,482,573.30) 0.00 2,482,573 30 0.00
TOTAL CAPITAL OUTLAY 527,666.00 0.00 0.00 37,400.00 0.00 490,266.00 7.09
OTHER FINANCING (USES)
5611-59111 TRANSFER TO GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.070 0.00 0.00 0.00 0.00
5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0.00 0.0•.1 0.00 0.00 0.00 0.00
5611-59990 PROJECT ACCOUNTING 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEVELOPMENT CORP-WEDC 4,484,297.00 278,571.73 0.00 1,396,772.52 0.00 3,087,524.48 31.15
TOTAL EXPENDITURES 4,484,297.00 278,571.73 0.00 1,396,772.52 0.00 3,087,524.48 31.15
REVENUE OVER (UNDER) EXPENDITURES ( 465,686.00) ( 78,159.04) 0.00 1,792,410.10 0.00 ( 2,258,096.10) 384.90-
*** END OF REPORT ***
4-10-2017 1:02 PM DETAIL LISTING PAGE: 1
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Mar-2017 THRU Mar-2017
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE====
5611-52010 OFFICE SUPPLIES
BEGINNING BALANCE 1,021.91
3/09/17 3/09 A81369 CHK: 087991 88832 BOOKS-PPR,BND, TRIM 000392 25760 WEDC 126.00 1,147.91
--•• - = MARCH ACTIVITY DB: 126.00 CR: 0.00 126.00
5611-52040 POSTAGE & FREIGHT
BEGINNING BALANCE 16.89
5611-52130 TOOLS/ EQUIP (NON-CAPITAL)
BEGINNING BALANCE 0.00
5611-52160 TOOLS/ EQUIP - $100-$999.99
BEGINNING BALANCE 0.00
5611-52810 FOOD SUPPLIES
BEGINNING BALANCE 482.08
3/20/17 3/20 A82262 DFT: 000321 89088 BOARD MTG MEAL 000912 8277 MAR17 WYGAN 27.45 509.53
3/20/17 3/20 A82262 DFT: 000321 89088 KITCH. SUPP 000912 8277 MAR17 WYGAN 42.80 552.33
3/20/17 3/20 A82262 DFT: 000321 89088 KITCH SUPP 000912 8277 MAR17 WYGAN 7.98 560.31
3/20/17 3/20 A82262 DFT: 000321 89088 KITCH SUPP 000912 8277 MAR17 WYGAN 15.67 575.98
3/20/17 3/20 A82262 DFT: 000321 89088 BOARD MTG MEAL 000912 8277 MAR17 WYGAN 13.18 589.16
3/20/17 3/20 A82262 DFT: 000321 89088 BOARD MTG MEAL 000912 8277 MAR17 WYGAN 9.95 599.11
3/20/17 3/20 A82262 DFT: 000321 89088 BOARD MTG. MEAL 000912 8277 MAR17 WYGAN 10.53 609.64
-- MARCH ACTIVITY DB: 127.56 CR: 0.00 127.56
5611-52990 OTHER
BEGINNING BALANCE 0.00
5611-54630 TOOLS & EQUIPMENT
BEGINNING BALANCE 0.00
5611-54810 COMPUTER HARD/SOFTWARE
BEGINNING BALANCE 187.50
4-10-2017 1:02 PM DETAIL LISTING PAGE: 2
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Mar-2017 THRU Mar-2017
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE====
5611-54990 OTHER
BEGINNING BALANCE 0.00
5611-56030 INCENTIVES
BEGINNING BALANCE 434,122.00
3/10/17 3/10 A81504 CHK: 088020 88879 MIL-TIB INCENT 1/1 004787 030617 INCENT 1/1 38,250.00 472,372.00
3/16/17 3/22 B55926 Misc 031617 15594 WOODBRIDGE SALES TAX REIMB JE# 026080 70,227.84 542,599.84
MARCH ACTIVITY DB: 108,477.84 CR: 0.00 108,477.84
5611-56040 SPECIAL SERVICES
BEGINNING BALANCE 59,531.49
3/01/17 3/01 A80751 CHK: 087820 88575 ENVIR-COMM/KIRBY 004337 236 - 3I459.001 WE 821.00 60,352.49
3/01/17 3/01 A80752 CHK: 087820 88575 ENV. SVC- HWY 78 PJT 004337 23675 0H59.008 WE 1,233.00 61,585.49
3/01/17 3/01 A80753 CHK: 087818 88575 SWPPP INSP - HWY 78 004684 2)01;) WEDC 425.00 62,010.49
3/06/17 3/06 A80979 CHK: 087881 88669 TCEQ VCP COMM-DEC 16 001320 VCP 3104.1 1,150.00 63,160.49
3/09/17 3/09 A81368 CHK: 087986 88832 PLANT -MARTIN OFC 000386 9796 WEDC 42.99 63,203.48
3/10/17 3/10 A81531 CHK: 088030 88883 RET. COACH-CONS AGREE 1/ 002287 2559 WED' 10,000.00 73,203.48
3/28/17 3/28 A02708 CHK: 088328 89282 JANITORIAL SVC - MAR 17 002330 .1111. 157.50 73,360.98
3/31/17 3/31 A83020 CHK: 088399 89372 QRTLY PEST CONTROL 000792 87985 95.00 73,455.98
MARCH ACTIVITY DB: 13,924.49 ci: 0.0,1 13,924.49
5611-56080 ADVERTISING
P.. C: I; N N i N G BALANCE 13,016.00
3/09/17 3/09 A81336 CHK: 087979 88828 IN & AROUND - MARCH '17 000391 13751 WEDC 1,555.00 14,571.00
3/28/17 3/28 A82762 CHK: 088344 89297 CHAMBER DIRECTORY 000468 8156 WEDC 1,200.00 15,771.00
3/28/17 3/28 A82764 CHK: 088345 89297 1ST QTR AUDIO ADVERTISIN 001078 234 WEDC 150.00 15,921.00
- MARCH ACTIVITY DB: 2,905.00 CR: 0.00 2,905.00
5611-56090 COMMUNITY DEVELOPMENT
BEGINNING BALANCE 11,733.36
3/01/17 3/01 A80745 CHK: 087821 88575 TASTE OF WYLIE SPONSOR 000384 0n 1' ...;Frir 1,000.00 !2,734.31;
3/01/17 3/01 A80746 CHK: 087814 88575 FARMERSVILL ROT. SPONSOR 000932 02771': WEDC 750.00 ii,18i..1i
3/09/17 3/09 A81373 CHK: 087989 88832 GALAXY TEACHER AWARD 001735 O'i11320if WED[: 500.00 12,983..36
3/30/17 3/28 A82763 CHK: 088344 89297 CHAMBER LUNCHEON FEB17 000468 8174 wKnu 75.00 !4,0711.ir;
------ -----_- MARCH ACTIVITY DB: 2,325.00 CR: 0.00 2,325.00
4-10-2017 1:02 PM DETAIL LISTING PAGE: 3
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Mar-2017 THRU Mar-2017
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT---- ====BALANCE====
5611-56110 COMMUNICATIONS
BEGINNING BALANCE 2,271.78
3/01/17 3/01 A80774 CHK: 087827 88577 TABLET SERVICE 001797 822495799-07 JAN17 113.97 2,385.75
3/06/17 3/06 AB1102 CHK: 087926 88703 INTERNET SERVICE 004568 2101577989 FE25-MR 199.23 2,584.98
3/20/17 3/20 A82245 DFT: 000321 89087 TELEPHONE SVC 000912 8277 MAR17 SATTERW 160.13 2,745.11
3/28/17 3/28 A82765 CHK: 088343 89297 TABLET SERVICE 001797 82249579907 FEB17 113.97 2,859.08
- = MARCH ACTIVITY DB: 587.30 CR: 0.00 587.30
5611-56180 RENTAL
BEGINNING BALANCE 14,479.42
3/06/17 3/06 A81101 CHK: 087923 88703 COPIER RENTAL 003509 97552 194.00 14,673.42
3/29/17 3/29 A82903 CHK: 088381 89329 RENT - APRIL 17 003231 032417 WEDC 2,250.00 16,923.42
MARCH ACTIVITY DB: 2,444.00 CR: 0.00 2,444.00
5611-56210 TRAVEL & TRAINING
BEGINNING BALANCE 6,906.35
3/16/17 3/16 A82109 CHK: 088190 89055 031517 PARKING HK STRATE 004514 031517 PARK HK 10.00 6,916.35
3/16/17 3/16 A82110 CHK: 088190 89055 031517 PARKING ICSC 004514 031517 PARK ICSC 12.00 6,928.35
3/16/17 3/16 A82111 CHK: 088190 89055 031517 PARKING TEDC LEG 004514 031517 PARK TEDC 72.00 7,000.35
3/16/17 3/16 A82112 CHK: 088190 89055 031517 PARK WYLIE LEG DA 004514 031517 PARK WLD 48.00 7,048.35
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC REG-GREINER 000912 8277 MAR17 GREINER 400.00 7,448.35
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC-HOTEL-GREINER 000912 8277 MAR17 GREINER 656.12 8,104.47
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC AIR - GREINER 000912 8277 MAR17 GREINER 243.40 8,347.87
3/20/17 3/20 A82199 DFT: 000321 89083 WYLIE DYS-TAXI-GREIN 000912 B277 MAR17 GREINER 36.22 8,384.09
3/20/17 3/20 A82199 OFT: 000321 89083 WYLIE DYS-MEAL-GREIN 000912 8277 MAR17 GREINER 26.52 8,410.61
3/20/17 3/20 A82199 DFT: 000321 89083 WYLIE DYS-TAXI-GREIN 000912 8277 MAR17 GREINER 36.65 8,447.26
3/20/17 3/20 A82199 DFT: 000321 89083 WYLIE DYS-MEAL-GREIN 000912 8277 MAR17 GREINER 7.74 8,455.00
3/20/17 3/20 A82199 DFT: 000321 89083 WYLIE DYS--AIR-FEE 000912 8277 MAR17 GREINER 75.00 8,530.00
3/20/17 3/20 A82199 DFT: 000321 89083 BUS MTG-HAMBLETON 000912 8277 MAR17 GREINER 187.38 8,717.38
3/20/17 3/20 A82199 DFT: 000321 89083 WYL DYS-HOTEL-GREIN 000912 8277 MAR17 GREINER 240.35 8,957.73
3/20/17 3/20 A82199 DFT: 000321 89083 WYL DYS-HOTEL-BROKAW 000912 8277 MAR17 GREINER 240.35 9,198.08
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC-MEAL-GREINER 000912 8277 MAR17 GREINER 46.40 9,244.48
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC-TAXI-GREINER 000912 8277 MAR17 GREINER 35.54 9,280.02
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC-MEAL-GREINER 000912 8277 MAR17 GREINER 11.53 9,291.55
3/20/17 3/20 A82199 DFT: 000321 89083 TEDC-TAXI-GREINER 000912 8277 MAR17 GREINER 32.08 9,323.63
3/20/17 3/20 A82245 DFT: 000321 89087 WYLIE DYS EVENT 000912 B277 MAR17 SATTERW 2,516.00 11,839.63
3/20/17 3/20 A02245 DFT: 000321 89087 WYLIE DAYS-SATTER 000912 8277 MAR17 SATTERW 473.77 12,313.40
3/20/17 3/20 A82245 DFT: 000321 89087 BUS MTG/PROS RECR. 000912 8277 MAR17 SATTERW 173.38 12,486.78
3/20/17 3/20 A82245 DFT: 000321 89087 BUS MTG-MCCLURE-3 000912 B277 MAR17 SATTERW 59.67 12,546.45
3/20/17 3/20 A82262 DFT: 000321 89088 COLLIN CTY DAYS SPON 000912 8277 MAR17 WYGAN 1,000.00 13,546.45
3/20/17 3/20 A82262 DFT: 000321 89088 WYLIE DAYS-SATTER 000912 8277 MAR17 WYGAN 300.24 13,846.69
---- - -- --- MARCH ACTIVITY DB: 6,940.34 CR: 0.00 6,940.34
4-10-2017 1:02 PM DETAIL LISTING PAGE: 4
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Mar-2017 THRU Mar-2017
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE====
5611-56220 PROFESSIONAL TRAINING
BEGINNING BALANCE 0.00
5611-56250 DUES & SUBSCRIPTIONS
BEGINNING BALANCE 5,779.44
3/20/17 3/20 A82245 DFT: 000321 89087 CLUB CORP DUES-FEB 000912 8277 MAR17 SATTERW 637.86 6,417.30
3/20/17 3/20 A82262 DFT: 000321 89088 ICSC-HOGUE-RENEW 000912 8277 MAR17 WYGAN 50.00 6,467.30
_ •- - MARCH ACTIVITY DB: 687.86 CR: 0.00 687.86
5611-56310 INSURANCE
BEGINNING BALANCE 2,898.10
3/01/17 3/01 A80769 CHK: 087828 88577 BLANKET BOND RENEWAL 000387 325 WEDC 303.00 3,201.10
MARCH ACTIVITY DB: 303.00 CR: 0.00 303.00
5611-56510 AUDIT & LEGAL SERVICES
BEGINNING BALANCE 14,219.50
3/01/17 3/01 A80738 CHK: 087812 88575 ATTY-CFA 000023 13 2.79 i-•7t]%lid :JEOC 420.00 14,639.50
3/01/17 3/01 A80739 CHK: 087812 88575 ATTY-PROP. DEVELOPMN 000023 11 1793-OCOtHM WE:-.:1: 80.00 14,719.50
3/01/17 3/01 A80740 CHK: 087812 88575 ATTY-DALLAS WHIRL 000023 8 2 9 3-0072M WEDC 220.00 14,939.50
3/01/17 3/01 A80741 CHK: 087812 88575 ATTY- CTZN COMPLAINT 000023 92 2791-0001M WED,' 120.00 15,059.50
3/28/17 3/28 A82701 CHK: 088321 89282 ATTY - MCMILLAN 000023 1 2,93-007`:9t WEDC 160.00 15,219.50
3/28/17 3/28 A82702 CHK: 088321 89282 ATTY- CFA 000023 !4 2:13-04'1]E :•]Kix 1,320.00 16,539.50
3/28/17 3/28 A82703 CHK: 088321 89282 ATTY-CITIZN COMPLAIN 000023 9, 2791-000[M 11E3c 3,040.00 19,579.50
MARCH ACTIVITY DB: 5,360.00 CR: 0.00 5,360.00
5611-56570 ENGINEERING/ARCHITECTURAL
BEGINNING BALANCE 13,217.60
3/01/17 3/01 A80742 CHK: 087815 88575 ENG SVC-HWY 78 DECEL 000196 1616E WEDC 2,082.93 15,300.53
3/01/17 3/01 A80743 CHK: 087815 88575 ENG SVC-FBC PKG LOT 000196 1711A WEDC 7,562.77 22,863.30
MARCH ACTIVITY DB: 9,645.70 CR: 0.00 9,645.70
5611-56610 UTILITIES-ELECTRIC
BEGINNING BALANCE 555.48
3/01/17 3/01 A80748 CHK: 087816 88575 UTILITIES-ELECTRIC 003302 1171655189 DC5-JA5 86.11 641.59
4-10-2017 1:02 PM DETAIL LISTING PAGE: 5
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Mar-2017 THRU Mar-2017
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT---- ====BALANCE====
3/01/17 3/01 A80749 CHK: 087816 88575 UTILITIES-WATER 003302 122-1040-01 JAN17 17.03 658.62
3/01/17 3/01 A80750 CHK: 087816 88575 UTILITIES-GAS 003302 3029287066 JAN17 42.60 701.22
---- - MARCH ACTIVITY DB: 145.74 CR: 0.00 145.74
5611-57110 DEBT SERVICE
BEGINNING BALANCE 0.00
5611-57410 PRINCIPAL PAYMENT
BEGINNING BALANCE 267,459.36
3/02/17 3/02 B55628 Bnk Dft 030217 1.5 13 7.,_2=953 K&M PMT #18 JE# 025953 7,888.05 275,347.41
3/10/17 3/13 B55766 Bnk Dft 031017 :5749 JR26nil PEDDICORD/WHITE PMT#27 JE# 026011 5,315.78 280,663.19
3/15/17 3/16 B55791 Bnk Dft 031517 .,,46 .7E2b121 WO PKWY PMT #31 JE# 026021 11,985.11 292,648.30
3/22/17 3/28 B55970 Bnk Dft 032217 :5619 •.1U6-.07 BUCHANAN PMT #31 JE# 026109 6,673.46 299,321.76
3/22/17 3/28 B55971 Bnk Dft 032217 _',619 ::E26113 JARRARD PROPERTY #3 JE# 026110 1,999.06 301,320.82
3/23/17 3/28 B55973 Bnk Dft 032317 57.i .'F76::7 EDGE PMT #9 JE# 026112 12,102.88 313,423.70
3/28/17 3/28 B55977 Bnk Dft 032817 =5612 JE2611+i HUGHES/RANDACK #52 JE# 026116 9,826.68 323,250.38
3/31/17 4/05 B56094 Bnk Dft 033117 15659 ,:E:29.:8-1 K&M PMT #19 JE# 026184 7,914.34 331,164.72
--- HAR.:4 ACTIVITY DB: 63,705.36 CR: 0.00 63,705.36
5611-57415 INTEREST EXPENSE
BEGINNING BALANCE 78,675.34
3/02/17 3/02 B55628 Bnk Dft 030217 15518 JE25953 K&M PMT #18 JE# 025953 857.20 79,532.54
3/10/17 3/13 B55766 Bnk Dft 031017 15549 JE26011 PEDDICORD/WHITE PMT#27 JE# 026011 2,066.67 81,599.21
3/15/17 3/16 B55791 Bnk Dft 031517 15556 JE26021 WB PKWY PMT #31 JE# 026021 1,282.82 82,882.03
3/22/17 3/28 B55970 Bnk Dft 032217 15619 JE26109 BUCHANAN PMT #31 JE# 026109 658.49 83,540.52
3/22/17 3/28 B55971 Bnk Dft 032217 15619 JE26110 JARRARD PROPERTY #3 JE# 026110 1,110.09 84,650.61
3/22/17 3/28 B55972 Bnk Dft 032217 15619 JE26111 DALLAS WHIRLPOOL PMT#4 JE# 026111 6,222.22 90,872.83
3/23/17 3/28 B55973 Bnk Dft 032317 15620 JE26112 EDGE PMT #9 JE# 026112 4,956.93 95,829.76
3/28/17 3/28 B55977 Bnk Dft 032817 15622 JE26116 HUGHES/RANDACK #52 JE# 026116 280.32 96,110.08
3/31/17 4/05 B56094 Bnk Dft 033117 15659 JE26184 K&M PMT #19 JE# 026184 830.91 96,940.99
-- ------- MARCH ACTIVITY DB: 18,265.65 CR: 0.00 18,265.65
5611-57710 BAD DEBT EXPENSE
BEGINNING BALANCE 0.00
5611-58110 LAND-PURCHASE PRICE
BEGINNING B A LAN C E 2,482,573.30
4-13- I-/ ::02 PM DETAT 7. iST : N :1 PA,2,E1 6
FUND : 111-WYLIE ECONOMIC OEVE.:I.. CORP tEP..70D TO 1JSZ: Mar-2.7)P TNRO May-2017
OEPT : i ]. DEVEL.WMENT CORP-UZDC ACOMNTS: 5611--i211.0 ViRU 5F-,L1-:03.D11
POS.T DATE TRAN g FE-FERE-W.F. PACXF.7------DESiMitFTION--- -- VEND TNV/...77. g NOTE - AM17NT- -- TiALANC7.--
'.:.eL1-58120 DEVELOPMENT FEE5
7CrNNING PALANLL 0.00
LAND-nETTERMENTS
R 1 N N I N :TiA :. ANC E 1,i10
15.TREETS A. :)..L.;4YS
N EGrNNTN 3 SA : AN ,.11 E 3 ,400.00
,.. !-54til SANITARY SEWER
BE6 : NN / N '.; aALAN .: E 0. 0
'ibi-58610 ,f!JMPNTER HARD/SOFTHARE
BEGINNIN tP, ncs, 0.01)
FURNITURE & F.7XTURE'S
3 .E r; INNINN BALANcE 0.09
'1F•li-5.8910 M;TLDINr:;3
aEr; : vNImu BALANCE n.00
.300 ERRORti :N MIS REPORT!
" REPORT TOTALS " --- DEBITS --- --- 11RE1)713
ti (IINNINI; BALANCE : 0,446,'.46.90 0.'1(1
REPORTED ACTIVITY! 235,970.84 0,110
ENDING BALANCES: 3,68:?, ].+.1,1 0.0C
TOTAL n;ND ENDINC.l nALANCE: 3,682,L,1 e,!4
Wylie Economic Development Corporation
Balance Sheet Sub Ledger
March 31, 2017
Notes Payable
Date of Rate of Principal
Purchase Payment Beginning Bal. Principal Interest Interest Balance
March 1, 2017 5,669,147.72
ANBTX-88130968 HUGHES/RANDACK(#52 of 60) 10/23/12 10,107.00 90,241.74 9,826.68 280.32 3.99 80,415.06
ANBTX-88130976 WOODBRIDGE PKWY (#31 of 60) 8/15/14 13,267.93 632,377.89 11,985.11 1,282.82 2.61 620,392.78
ANBTX-88148481 BUCHANAN(#31 of 60) 8/13/14 7,331.95 209,597.43 6,673.46 658.49 3.77 202,923.97
ANBTX-88149711 PEDDICORD/WHITE(#27 OF 120 12/12/14 7,382.45 590,477.11 5,315.78 2,066.67 4.20 585,161.33
ANBTX-88158043 K&M/HOBART(#18 of 48) 9/2/15 8,745.25 257,159.64 7,888.05 857.20 4.00 249,271.59
ANBTX-88157334 LINDUFF/EDGE(#9 of 15) 10/21/15 17,059.81 1,593,269.65 12,102.88 4,956.93 4.00 1,581,166.77
ANBTX-88158357 DALLAS WHIRLPOOL(#4 of 60) 11/22/16 6,888.89 2,000,000.00 0.00 6,222.22 4.00 2,000,000.00
JARRARD GRAYS AUTO(#3 OF 120) 12/1/16 3,109.15 296,024.26 1,999.06 1,110.09 4.50 294,025.20
March 31, 2017 $55,791.02 $17,434.74 5,613,356.70
Wylie Economic Development Corporation
Inventory Subledger
March 31, 2017
Inventory- Land
Date of Pur. Address Acreage Improvements Cost Basis Sub-totals
Cooper McMasters 7/12/05 709 Cooper 0.48 n/a $202,045
Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934
Perry 9/13/06 707 Cooper 0.49 Demo 200,224
Bowland/Anderson 10/9/07 Cooper Dr. 0.37 n/a 106,419
KCS 8/1/08 Cooper Dr. 0.41 n/a 60,208
Duel Products 9/7/12 704 Cooper Dr. 0.50 n/a 127,452
Randack 10/23/12 711-713 Cooper Dr. 1.09 217,500 8,880 400,334
Lot 2R3 7/24/14 Cooper Dr. 0.95 n/a 29,056 $1,312,672
Industrial Ct. Hughes 7/25/06 211 -212 Industrial 0.74 Demo 420,361
R.O.W. 0.18 41,585
Prime Kuts 10/8/07 207 Industrial 0.20 Demo 229,284
R.O.W. 0.11 n/a 77,380
Cazad 3/17/08 210 Industrial 0.27 Demo 200,782
Buchanan 8/13/14 400 S. Hwy 78 1.25 Demo 503,233
Glenn 4/24/15 209 Industrial Ct 0.18 Demo 326,773
R.O.W. 0.12 n/a
Mann Made 2/10/16 398 S. Hwy 78 1.23 Demo 750,244
C.O.W 4/13/16 R.O.W. 0.29 n/a 52,653
Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 2,902,788
Regency Regency Pk. 6/4/10 25 Steel Road 0.65 n/a 25,171 25,171
Commerce Hobart Investments 11/12/13 Commerce 1.60 n/a 156,820
Hobart 1/6/14 605 Commerce 1.07 396,263 20,000 386,380
Dallas Whirlpools 11/22/16 900-908 Kirby 4.79 2,182,080 2,725,280
Downtown Heath 3/17/14 104 N. Jackson 0.17 Demo 220,034
Udoh 2/12/14 109 Marble 0.17 n/a 70,330
Peddicord 12/12/14 108/110 Jackson 0.35 155,984 4,444 486,032
City Lot 12/12/14 100 W. Oak St 0.35 n/a
Jones (K&M) 9/3/15 106 N. Birmingham 0.21 42,314 4,125 190,596
FBC Lot 6/15/16 111 N. Ballard St 0.20 na 150,964 1,117,956
Alanis White Property (Alanis) 12/12/14 Alanis 6.63 n/a 420,336 420,336
South Ballard Birmingham Trust 6/3/15 505-607 S. Ballard 1.12 Demo 409,390 409,390
Total 26.90 $876,959 44,974 $8,913,593 $8,913,593
*A Journal entry was made by auditors to adjust the cost of the Hughes land by$4,638.79. This amount was for taxes owed and not part of land value.
*Prime Kuts total purchase price was $306,664.45. The distribution between 207 Industrial and R.O.W. purchased was developed by Seller for tax purposes.
WEDC EXECUTIVE DIRECTOR
J P MorganChase
Expense Report
February 2017
DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT
03/02/17 Cytracom 160.13 Telephone Service N/A
02/08/17 Café Blue 2,516.00 Wylie Days-Legislative Reception Legislators
02/09/17 DoubleTree 473.77 Wylie Days-Hotel Satterwhite
02/09/17 Club Corp 637.86 Dues Dues
1/25-31/17 Club Corp 173.38 Business Mtg/Prospect Recruitment Satterwhite,Walters, Jenneman
02/24/17 Ballard Street 59.67 Business Meeting Satterwhite, McClure(3)
TOTAL 4,020.81
WEDC Assistant Director
JPMorgan Chase
Expense Report
February 2017
DATE VENDOR PURPOSE AMOUNT
2/7/17 TEDC Registration Fee-Greiner 400.00
2/7/17 •Tickets at Work TEDC -Sheraton Hotel -Greiner 656.12
2/7/17 American Airlines TEDC - Flight-Greiner 243.40
2/8/17 Austin Cab _Wylie Days-Cab-Greiner 36.22
2/8/17 Italian Kitchen Wylie Days- Meal -Greiner 26.52
2/8/17 American Airlines Wylie Days-Air-Greiner 75.00
2/9/17 Yellow Cab Wylie Days-Cab-Greiner 36.65
2/9/17 Schlotzskys- Bergstrom Airport Wylie Days- Meal-Greiner 7.74
2/9/17 American Airlines Center BRE - DCU 187.38
2/10/17 Doubletree Austin Wylie Days- Hotel -Greiner 240.35
2/10/17 Doubletree Austin Wylie Days- Hotel - Brokaw 240.35
2/22/17 RA TEDC- Meal -Greiner 46.40
2/22/17 Lone Star TEDC-Cab-Greiner 35.54
,2/24/17 Schlotzskys- Bergstrom Airport TEDC - Meal -Greiner 11.53
2/24/17 Lone Star TEDC -Cab-Greiner 32.08
Total 2,275.28
WEDC Senior Assistant
JPMorgan Chase
Expense Report
February 2017
DATE VENDOR PURPOSE AMOUNT
2/9/17 Kroger WEDC Board Meeting Meal 27.45
2/9/17 DoubleTree Wylie Days- Hotel -Satterwhite 300.24
2/10/17 McDonalds WEDC Board Meeting Meal 9.95
2/17/17 Kroger _Kitchen Supplies _ 42.80
2/17/17 Kroger Kitchen Supplies 7.98
2/17/17 Sams Club Kitchen Supplies 15.67
2/23/17 Kroger WEDC Board Meeting Meal 13.18
2/23/17 ICSC Membership Renewal - Hogue 50.00
2/24/17 McDonalds WEDC Board Meeting Meal 10.53
2/28/17 Plano Chamber Collin County Sponsor 1,000.00
Total 1,477.80
WEDC Leasehold Subledger
Amount
Tenant Address Due Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17
!Helical Concepts 1st 710-711 Cooper $400 11/29/16 12/22/16 1/25/17 2/27/17 3/22/17
Wheels Unlimited 15th 605 Comm-Ste 201 $1,400 12/22/16 1/19/17 2/14/17 3/13/17
Trimark Catastrophe 15th 605 Comm-Ste 204 $1,000 12/7/16 2/1/17 2/23/17 3/1/17 4/10/17
Dennis Richmond 1st Steel Rd $500 12/14/16 1/10/17 2/20/17 3/6/17
half 1&Half
Austin/Said LLC 1st 605 Commerce $2,000 12/27/16 2/13/17 3/17/17 4/13/17
Austin/Said LLC 1st 106 N. Birmingham $1,000 12/27/16 2/13/17 3/17/17 4/13/17
DCU 1st 900 Kirby 53,400 1/10/17 1/6/17 1/27/17 2/23/17 3/24/17
Auto Hail 1st 908 Kirby $3,000 12/9/16 n/c n/c n/c n/c
Delta-E 1st 201 Industrial Ct $800 1/6/17 1/25/17 2/23/17 3/23/17
WYLIE ECONOMIC DEVELOPMENT CORPORATION
SALES TAX REVENUE
FOR THE MONTH OF APRIL 2017
MONTH WEDC WEDC WEDC DIFF % DIFF
2015 2016 2017 16 VS 17 16 VS 17
DECEMBER $154,719 $166,418 $197,808 $31,389 18.86%
JANUARY 156,685 163,463 196,347 32,884 20.12%
FEBRUARY 241,858 260,166 276,698 16,532 6.35%
MARCH 171,741 167,082 191,648 24,566 14.70%
APRIL 134,475 154,920 168,844 13,924 8.99%
MAY 211,645 238,646
J U N E 161,426 180,194
JULY 159,973 212,620
AUGUST 216,962 268,976
SEPTEMBER 195,347 197,339
OCTOBER 160,876 201,506
NOVEMBER 226,078 270,426
Sub-Total $2,191,785 $2,481,757 $1,031,345 $119,295 13.08%
AUDIT ADJ
TOTAL $2,191,785 $2,481,757 $1,031,345 $119,295 13.08%
WEDC SALES TAX ANALYSIS
$300,000 - -- •- - - - -
$250,000 •• - ----
$200,000 • - .- ---.• -• -•••
$150,000 - - -
02016 02017
$100,000 . -. -. -. - . -.
$50,000 ..- - - - -• •--•
$0 f r- 1 1 f I lir II
0
0 O Z
a)
Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Direct°
SUBJECT: WEDC Board Meeting Date/Time
DATE: April 7, 2017
Issue
Consider and act upon amending the Regular Meeting date and time for the WEDC Board of
Directors.
Analysis
Section 4.07 of the WEDC By-laws states that the President of the Board shall set a regular meeting
date and time. In June of 2016,the WEDC Board set the third Friday of each month at 6:30 a.m.
as the regular date and time for FY 2016 - 2017.
At the last WEDC Board Meeting, staff requested that the Board consider a mid-week date for the
regularly scheduled meetings. To facilitate the timelier delivery of Board packets which provides
the Board more time to review the information, Staff believed a Tuesday or Wednesday meeting
would require a Friday posting and packet delivery. The Board indicated during discussion that a
Wednesday morning meeting would be acceptable.
Recommendation
Staff recommends that the WEDC Board of Directors change the Regular Meeting time/date to the
third Wednesday of each month at 6:30 a.m.
Wylie Economic Development Corporation
MEMORANDUM
To: Samuel Satterwhite, Executive Director
From: Angel Wygant, Senior Assistant h --
Subject: Budget Amendment Request
Date: April 12, 2017
Issue
Consider and act upon a FY 2016—2017 Mid-Year Budget Amendment.
Analysis
To accommodate unanticipated Revenues and Expenses, the following amendments to the FY 16
- 17 Budget are needed and will be presented to the Wylie City Council on April 25, 2017. Line
items with significant increases are as follows:
Revenue. Sales tax for FY 16 — 17 was budgeted at $2,467,295 with actuals projected at
$2,696,642 creating a net increase of$229,347. There were also three tenants unaccounted for
during the budget cycle generating $41,700 in rental income.
The Board will also note an adjustment made to the Unreserved Beginning Fund Balance as of
10-1-16 which increases total available WEDC resources by $796,457. This increase is a result
of insurance proceeds received after the budget was developed, sales tax receipts over and above
budget projections, and delayed expenditures within FY 15— 16.
Expense. Personnel changes are a result of salary increases post budget approval. Increases
within Special Services includes remodeling Commerce, CFA Voluntary Clean Up Program
(VCP), Wallace/Commerce MSD/VCP, and Jarrard Phase I Environmental, and demolition costs
for Wallace ($125,000) McMillan ($12,000) and Jarrard ($15,000). Increases within Land
Purchase are a result of WEDC acquisition of the Jarrard Property (201 Industrial Ct.),
Wallace/Dallas Whirlpool Property (900-908 Kirby St.), and the McMillan Property (105 N.
Jackson). Finally, Streets & Alleys will be over budget by $295,400 due to increased expenses
associated with site improvements for the Highway 78 pad sites, in addition to parking/alley
improvements on Ballard Street.
WEDC—Budget Amendment
April 12, 2017
Page 2 of 2
Revenues:
Sales Tax Revenue FY 16 - 17 $229,347
Allocated Interest Earnings 1,430
Rental Income (Delta-E, DCU, Auto-Hail) 41,700
Total Increased Revenues 272,477
Unreserved Beginning Fund Balance (10-1-16): 796,457
Total Increase in Available Resources $1,068,934
Expenses:
Personnel Services $9,154
Special Services 254,251
Travel& Training 2,848
Dues & Subscriptions 2,313
Audit&Legal 10,010
Engineering&Architectural 22,863
Land Purchases 202,573
Streets & Alleys 295,400
Total Expenses $799,413
With Expenses increasing at a greater amount than Revenue, the shortfall is offset by the
adjusted Unreserved Beginning Fund Balance.
Recommendation
Staff recommends that the WEDC Board of Directors approve a Mid-Year Budget Amendment
increasing Revenues by$272,477 and Expenses by$799,413.
REQUEST FORM - MID YEAR BUDGET AMENDMENT FISCAL YEAR 2017
New Request: XX New personnel? Salary Grade:
Funds already expensed or received? Change Level of current personnel? From: To:
PURPOSE/OBJECTIVE OF REQUEST:
Increase Revenues to reflect actual anticipated revenues. Sales Tax anticipated 6%increase,additional allocated interest and 3 additional rental properties
due to the purchase of tenant occupied property.
ACCOUNT NO. DESCRIPTION AMOUNT
111 4000 40210 Sales Tax Revenue 229,347
111 4000 46110 Allocated Interest 1,430
111 4000 48110 Rental Income 41,700
TOTAL 272,477
ADDITIONAL COMMENTS:
REQUEST FORM - MID YEAR BUDGET AMENDMENT FISCAL YEAR 2017
New Request: XX New personnel? Salary Grade:
Funds already expensed or received? Change Level of current personnel? From: To:
PURPOSE/OBJECTIVE OF REQUEST:
Increase Expenses to reflect actual and anticipated expenses. Specifically increases in personnel service costs; unanticipated environmental clean-up and demoliltion
costs in Special Services; increased air and travel costs associated with ICSC; subscription for Impact DataSource tool; increased Audit and Legal costs associated
with unanticipated property purchases and citizen complaint; and site improvements for WEDC properties located at Hwy 78 and 111 N. Ballard.
ACCOUNT NO. DESCRIPTION AMOUNT
111 5611 51110 Annual Salary 10,837
111 5611 51210 Car Allowance -167
111 5611 51310 TMRS _ 620
111 5611 51410 Insurance 1,430
111 5611 51420 LTD -511
111 5611 51440 FICA -2,866
111 5611 51450 Medicare -68
111 5611 51470 Workers Compensation -121
111 5611 56040 Special Services 254,251
111 5611 56210 Travel &Training 2,848
111 5611 49325 Dues & Subscriptions 2,313
111 5611 56510 Audit and Legal 10,010
111 5611 56570 Engineering &Architectural 22,863
111 5611 58110 Land Purchase Price 202,573
111 5611 58210 Streets &Alleys 295,400
TOTAL 799,413
Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: First Amendment to the McClure Partners Development Company, LLC
Performance Agreement
DATE: April 11, 2017
Issue
Consider and act upon an amendment to a Performance Agreement between McClure Partners
Development Company, LLC (McClure) and the WEDC.
Analysis
Under the terms of Section 2 (b) of the Performance Agreement, in order to qualify for incentive
No. 2, McClure must "complete construction not less than one six-thousand square foot
commercial structure on the Williford Tracts as evidenced by a Certificate of Occupancy not later
than September 30, 2017."
While construction has been moving forward rapidly in the construction of the restaurant pad sites
located on the F.M. 544 frontage, unforeseen construction delays have occurred on the building
located on the Williford Tracts. McClure has requested an extension of the time period by which
they must receive a Certificate of Occupancy for this building to November 30, 2017.
Staff is confident that McClure has diligently been pursuing completion of the project has no
reason to not consider the request. McClure is significantly motivated to complete the project as
the owner, Inverness Pharmacy, will be out of compliance with their existing lease. Staff would
however request that the Board consider a December 31' completion date to allow for even more
time in the event weather continues to be an issue. So long as all improvements are complete by
January 1st, there will be 100% value on the tax rolls.
Recommendation
Staff recommends that the WEDC Board of Directors approve a First Amendment to Performance
Agreement extending the date by which McClure Partners Development, LLC must obtain a
Certificate of Occupancy to December 31, 2017.
Attachments
Performance Agreement
First Amendment to the Performance Agreement
FIRST AMENDMENT TO PERFORMANCE AGREEMENT
THIS FIRST AMENDMENT TO PERFORMANCE AGREEMENT (this "First Amendment"), is
entered into and is effective as of the 19`" day of April, 2017 by and between WYLIE ECONOMIC
DEVELOPMENT CORPORATION.a Texas economic development corporation("WEDC"),and McClure
Partners Development Company. LLC.,a Texas limited liability company("Company").
WITNESSETH:
WHEREAS_ WEDC Board of Directors approved that certain Performance Agreement between
WEDC and Company on August 31, 2016 to facilitate the development of a 6,000 square foot commercial
building (the `Project"); and
WHEREAS,WEDC and Company desire to modify and amend the Agreement in certain respects,
as more particularly set forth in this First Amendment.
NOW. THEREFORE, in an effort to address unforeseen circumstances surrounding the receipt of
the Certificate of Occupancy issued by the City of Wylie, the WEDC and Company covenant and agree as
follows:
1. Defined Terms. Capitalized terms used but not defined in this First Amendment will have
the meanings given to them in the Agreement.
2. Modification to Performance Obligations. Notwithstanding anything to the contrary in the
Agreement,the date by which the Company must certify the Certificate of Occupancy issued for the project
located in Wylie, Texas as defined in Section 2(b) is hereby extended until December 31, 2017.
3. Ratification. As expressly modified by this First Amendment, the Agreement is hereby
ratified and confirmed by WEDC and Company.
4. Counterparts; Transmission. This First Amendment may be executed in multiple
counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same
agreement. Transmission of an executed signature page of this First Amendment by email will be effective
to create a binding agreement.
[Signatures appear on next page]
IN WITNESS WHEREOF,the parties hereto have executed this First Amendment the day and year
first above written.
WEDC:
Wylie Economic Development
Corporation. a Texas Corporation
Nanlc, _....W...
Title:
COMPANY:
\1cCIure Partners Development Company. LLC.. a Texas
Limited Liability Company
Name-
Title:
PERFORMANCE AGREEMENT
Between
WYLIE ECONOMIC DEVELOPMENT CORPORATION
And
MCCLURE PARTNERS DEVELOPMENT COMPANY,LLC
This Performance Agreement (this "Agreement") is made and entered into by and between
the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized
and existing under the Development Corporation Act of 1979, as amended from time to time (the
"Act"), and McClure Partners Development Company, LLC a Texas Limited Liability
Corporation(the "Company").
RECITALS
WHEREAS, the WEDC and Company's affiliate FLM Development, LLC entered into a
Performance Agreement on April 6, 2016 under which Company's affiliate is eligible to receive
certain incentives should specific utility, median, and other improvements be completed for the
benefit of redeveloping a±3.8-acre tract located at the intersection of Regency Drive and F.M. 544
in Wylie, Texas; and
WHEREAS, the Company is desirous of acquiring a 1.0 acre tract and a 0.9 acre tract from
Ronald & Patricia Williford, more specifically identified as Abstract A0835 W M Sachse Survey,
Tract 26 and Jacobs Addition, Block B, Lot 2 (the "Williford Tracts") and combining the same
with the aforementioned 3.8-acre tract to redevelop and repurpose a property with existing light
industrial uses, marketing the same for new commercial uses, constructing improvements
supporting new commercial uses, and further making access and utility improvements to the
property required for a well-ordered,master-planned site(the"Project"); and
WHEREAS, the Company has requested that the WEDC provide economic assistance to
offset the cost of demolition and infrastructure improvements to the Project in the City of Wylie,
Texas; and
WHEREAS, the construction of the Project in the City of Wylie, Texas will ultimately
create further investment and"primary jobs", as that term is defined in the Act; and
WHEREAS, the WEDC has determined that it is in the best interest of the public and the
City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC
was established to encourage the development and use of business properties within the City; and
WHEREAS, for the public purpose of promoting economic development and diversity,
increasing employment, reducing unemployment and underemployment, expanding commerce and
stimulating business and commercial activities in the State of Texas, and the City of Wylie, the
WEDC desires to offer economic assistance to Company as more particularly described in this
Agreement.
NOW, THEREFORE, for and in consideration of the promises, covenants and agreements
set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and
Company agree as follows:
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Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide the
Company economic assistance in an amount up to, but not to exceed Seventy-Five Thousand
Dollars ($75,000) (the "Economic Development Incentives"). The Economic Incentives
will be paid according to the criteria set forth herein with the WEDC's obligation to pay the
Economic Development Incentives ultimately terminating on September 30, 2017.
Upon meeting the qualifications and requirements (the "Performance Requirements"), the
Company shall be entitled to the following Economic Development Incentives:
Economic Development Incentive Payment Schedule:
Expected Cost of Max. WEDC Total WEDC Eligibility
Year Incentive Improvements Incentive Incentive Expiration
2016 No. 1 n/a $25,000 $25,000 12-31-2016
2017 No. 2 $1,350,000 $50,000 $75,000 9-30-2017
II. Performance Requirements for Economic Development Incentive.
a. Incentive No. 1: An Economic Development Incentive of Twenty-Five Thousand
Dollars ($25,000) will be paid to Company upon completion of the following Performance
Requirements for Incentive No. 1:
1) Receipt of documentation by WEDC supporting the purchase of the
Williford Tracts,not later than October 1, 2016; and
2) Complete demolition and removal of all improvements, foundations,
and paving associated with approximately 6,000 square feet of structures and
3,000 square feet of paving currently located on the Williford Tracts,not later
than December 31,2016; and
3) Remove all debris, vehicles, and remaining inventory from current or
previously existing businesses located on the Williford Tracts, not later than
December 31, 2016; and
4) Eligibility expiration for the Company to qualify for this Incentive
No. 1 is December 31, 2016.
b. Incentive No. 2: An Economic Incentive of Fifty Thousand Dollars ($50,000) will
be paid to Company upon completion of the following Performance Requirements for
Incentive No.2:
1) Complete construction of not less than one, six thousand (6,000)
square foot commercial structure on the Williford Tracts as evidence by a
Certificate of Occupancy issued by the City of Wylie not later than September
30, 2017; and
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2) Provide the WEDC with documentation supporting construction cost
of not less than One Million Three Hundred Fifty Thousand Dollars
($1,350,000) for improvements described in Section II b (1). Fees for
professional services such as architectural, engineering, and surveying will not
be applied toward the minimum cost requirement; and
3) Eligibility expiration for the Company to qualify for this Incentive
No. 2 is September 30, 2017.
III. WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement,
the WEDC shall pay the Reimbursement Incentives within thirty (30) days of receipt of the
required documentation from the Company, subject to verification by the WEDC that the
Performance Requirements have been met or exceeded by the Company.
IV. Non-Attainment of Performance Requirements. In the event that the Company does not
meet or exceed a Performance Requirement as specified in Section II, the WEDC Economic
Development Incentive will be voided in advance of payment at the sole discretion of the
WEDC. The Company will not be eligible to receive an Economic Development Incentive
payment if documentation supporting Performance Requirements are not received by
WEDC prior to the Eligibility Expiration Date.
V. Economic Assistance Termination. The Agreement may be terminated by mutual
agreement of the parties or by either party, upon the failure of the other party to fulfill an
obligation as set forth in Section II above. Regardless of the Company's level of attainment
of the Performance Requirements set forth in Section II above, the WEDC's obligation to
pay the Reimbursement Incentive will expire in full on September 30, 2017.
VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or
a condition to any advance in the Agreement, WEDC requests that the Company satisfies its
need for all construction contractors from Wylie residents and purchase all materials,
supplies and services necessary to affect the Project and subsequent occupancy of the
Facility from Wylie merchants and businesses.
VII. Community Involvement. Although not an event of default or condition of any advance
hereunder, the Company agrees to actively participate in community and charitable
organizations and/or activities, the purpose of which are to improve the quality of life in the
City of Wylie, Texas, and to actively encourage its employees to be involved in such
organizations and/or activities.
VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary
Company's records, documents, agreements and other instruments in furtherance of the
following purposes: (i) to ensure the Company's compliance with the affirmative covenants
set forth in this Agreement; (ii) to determine the existence of an Event of Default under the
terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set
forth herein or any related documents. Company will provide reports certifying the status of
compliance, jobs retained, new investments and any other relevant information until the
termination of this Agreement.
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IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary,
WEDC shall have no obligation to disburse WEDC Economic Development Incentives if
the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is
adjudged bankrupt, or is delinquent on any property tax payments or an Event of Default
under the terms of this Agreement occurs.
X. Non-Payment of Economic Assistance. The following will constitute an Event of Default
and any incentive payments shall not be funded in an Event of Default: the Company
becomes insolvent, makes any materially false statements to the City and/or the WEDC,
fails to pay ad valorem taxes, files suit against the City and/or the WEDC.
XL Miscellaneous.
a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable
by Company without the prior written consent of the WEDC, which consent may be
withheld by the WEDC in its sole and absolute discretion.
b. This Agreement shall be construed according to the laws of the State of Texas and is
subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated
herein by reference for all purposes. In the event any provision of the Agreement is in
conflict with article 5190.6, article 5190.6 shall prevail.
c. This Agreement contains the entire agreement of the parties regarding the within subject
matter and may only be amended or revoked by the written agreement executed by all of
the parties hereto.
d. This Agreement shall be governed by the laws of the State of Texas and is specifically
performable in Collin County, Texas.
e. Any notice required or permitted to be given under this agreement shall be deemed
delivered by depositing the same in the United States mail, certified with return receipt
requested,postage prepaid, addressed to the appropriate party at the following addresses,
or at such other address as any part hereto might specify in writing:
WEDC: Samuel D. R. Satterwhite
Executive Director
Wylie Economic Development Corporation
250 S. Highway 78
Wylie,Texas 75098
COMPANY: McClure Partners Development Company, LLC
P.O. Box 802047
Dallas, TX 75380
Attention: Charles McClure
By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of
the party indicated, that such party has taken all action necessary to authorize the execution and
delivery of the Agreement and that the same is a binding obligation on such party.
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a
EXECUTED this } day of August,2016.
WEDC:
Wylie Economic Development Corporation
By: C Q- _c\L_
Samuel D.R. Satterwhite, Executive Director
COMPANY:
McClure Partners Development Company, LLC
By: a e .
Charles McClure,Member
Page 5 of 5
C:ttlsersSSam SatceenvfiitetnocumentssWo,d PilsslMcCtum Partners\erformacne Anent ILdoc
Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Staff Report
DATE: April 13, 2017
Issue
Staff report: review issues surrounding WEDC Performance Agreement Summary, Woodbridge
Crossing, Environmental Activity Report, Highway 78 WEDC Pad Sites, 100 Oak Street, F.M.
544 pad sites, Metalbilia, 900-C Kirby, Promotional Activities, and regional housing starts.
Analysis
As a reminder to Board members, the Board may not discuss an item which is not specifically
identified on the agenda. Only those items listed above can be discussed. Should any Board
member want an issue be placed on the agenda at any time prior to a Board meeting, please contact
the WEDC President or staff.
WEDC Performance Agreement Summary
Attached for the Board's review is a summary of all outstanding Performance Agreements
including: ACG Texas LP, All State Fire Equipment, B&B Theatres Operating Company, Clark
Street Development, Dank Real Estate, Exco Extrusion Dies, Freudiger Holdings, Getset, KREA
Acquisition, McClure Partners, Patna Properties, REVA Hospitality, Ronald P. and Carole A.
Trout, T.W. Snider, VIAA Properties, Von Runnen Holdings, Wedge Corporation, Woodbridge
Crossing.
Woodbridge Crossing
Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales
taxes received through March 2017 within Woodbridge Crossing for the City General Fund, the
WEDC, and the 4B. As a reminder, the City and WEDC reimbursed 85% of all sales tax generated
within Woodbridge Crossing through September 2013 with the reimbursement percentage reduced
to 65% thereafter. Due to the default under the Amended and Restated Performance Agreement,
Woodbridge Crossing is only eligible to receive up to $6 million in sales tax reimbursement
through September 2021 as opposed to the maximum reimbursement of$12 million originally
contemplated.
$4,171,376.95 in reimbursement has been earned through March 2017 with net receipts of
$3,406,565 after reimbursements. As well, it is estimated that $4.1 mm has been paid in ad valorem
taxes to the City of Wylie (excluding the WISD). As shown on the Sales Tax Reimbursement
Report, $100,990.41 was generated in sales tax in January 2017 versus $198,375.98 in January
WEDC- Staff Report
April 13, 2017
Page 2 of 3
2016. This represents 1% increase over 2016 receipts. Current sales tax receipts are generated
from approximately $5.1 mm in taxable sales within Woodbridge Crossing.
Environmental Activity Report
Attached for the Board's review is a spreadsheet tracking all activities with W&M Environmental
for FY 2014-15 and FY 2015-16. W&M has prepared Phase I&II reports for Mann Made, K&M,
Business Way, 111 N. Ballard, 908 Kirby, 201 Industrial Court, is processing the VCP application
for the Commerce property, and processing the Municipal Setting Designation through the City.
Highway 78 Pad Sites
A second draw request was submitted by Texas Dirt Contractors in the amount of$201,335. There
is a remaining balance on the contract of$248,760. The original completion date is April 17ill, but
with the rains this week and next, a May 1st date is more realistic.
W&M continues to work with Giles Consulting (CFA environmental consultant) to complete all
documentation required for the VCP application to the TCEQ. Final submittal and acceptance of
the VCP application is expected by 4-17-17.
The City of Wylie Building Department has provided CFA with all comments pertaining to their
construction plans with the only outstanding issues being completion of the Seller's Work, filing
of the plat, updating the survey with the platting documentation, and an updated title commitment.
Upon completion of those outstanding issues, CFA has 30 days to close.
100 Oak Street
The WEDC is working with various contractors to formulate a plan for renovation of the Peddicord
building for a potential Business Incubator. Initial ideas were to finish out the building with a
mixture of office space and work stations that would allow collaboration among the
tenants/entrepreneurs. The WEDC also received feedback regarding the development of
professional office suites. This plan would include up to eight offices and shared meeting space.
Staff will collect additional information and prepare cost estimates for future discussion with the
Board of Directors.
F.M 544 pad sites
The WEDC is developing a grading plan for the City-owned 4.7 acres adjacent to the KCS tracks.
While we do not have a finished floor elevation, we can assume that the elevation needs to equal
to that of 544. Staff is evaluating several sources for dirt which are available now and the
associated cost. While the WEDC could leave this task to future users, it may be best to have a
site that is ready to develop opposed to a prospect having to evaluate additional development costs
over and above the sales price.
FEMA has responded to our flood study with a request for additional information pertaining to the
water flow under 544 and several culverts under the rails lines north of 544. A surveyor is on site
WEDC- Staff Report
April 13, 2017
Page 3 of 3
gathering additional data to be submitted to FEMA. A Letter of Map Revision will probably not
be issued by FEMA until October 2017.
Metalbilia
As directed by the Board in Executive Session, staff is developing a Performance Agreement to
assist Metalbilia, a small startup, in opening a new operation in Wylie. The Performance
Agreement will be presented to the Board for approval on May 17, 2017.
Metalbilia manufacturers sports memorabilia for resale in the wholesale and retail market.
Metalbilia will be leasing office space at 108 S. Jackson and will hire one, full-time employee.
The WEDC assistance package will total $4,800 and will provide rent assistance in the last three
months of a 12-month lease.
900-C Kirby
The WEDC currently leases a building located at 900-C Kirby to Auto Hail & Dent. The existing
lease expires on 4-30-17. Staff has accepted a request from Auto Hail to extend the lease to July
31st (May = $2,500, June = $2,000, July $2,000). The lease extension will not negatively impact
any demolition schedules.
Promotional Activities
To facilitate networking with community stake holders and prospects, the WEDC has a 1/4 interest
in Maverick's Season tickets for the 2016-17 Season. With the end of the Maverick's season, this
informational item will be removed from Staff Reports until next year.
Regional Housing Starts
Thirty-three were permitted in Wylie for the month of March 2017. Sachse, Lavon, Murphy
permitted a combined twenty-seven with Inspiration permitting twenty-six over the same period.
No action is requested by staff for this item.
Attachments
Performance Agreement Summary
W&M Activity Report
Promotional Events Log
Regional Housing Permits
Woodbridge Crossing
Sales Tax Reimbursement Report
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99
Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01
Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81
Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81
Jan-10 Mar-10 16,017.96 8,008.98 8,008.98 32,035.92 0.85 6,807.63 13,615.27 20,422.90
Feb-10 Apr-10 18,392.59 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55
Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13
Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58
Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19
May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01
Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87
Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07
Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31
Aug-10 Oct-10 20,401.73 10,200.87 10,200.87 40,803.46 0.85 8,670.74 17,341.47 26,012.21
Sep-10 Nov-10 22,301.22 11,150.61 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05
Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57
Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24
Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23
Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87
Audit Adjust.
Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78
Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12
Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54
Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90
Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44
Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88
Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 2
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62
Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87,278.22 0.85 18,546.62 37,093.24 55,639.87
Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51
Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95
Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69
Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21
Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85
Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 0.85 13,473.21 26,946.42 40,419.64
Nov-11 Jan-12 40,631.94 20,315.97 20,315.97 81,263.88 0.85 17,268.57 34,537.15 51,805.72
Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04
Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40
Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12
Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05
Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53,822.53
Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70
Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85
May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00
Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44
Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29
Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53
Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39
Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22
Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14
Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91
Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47
Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96
Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35
Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 3
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate(%) Reimbursement Reimbursement Reimbursement
Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96
Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72
Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27
Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73
May-13 Jul-13 35,623.93 17,811.97 17,811.97 71,247.86 0.85 15,140.17 30,280.34 45,420.51
Jun-13 Aug-13 44,805.27 22,402.63 22,402.63 89,610.53 0.85 19,042.24 38,084.48 57,126.71
Sub-Total 224,759.15 47,761.32 95,522.64 143,283.96
Jul-13 Sep-13 30,171.94 15,085.97 15,085.97 60,343.87 0.85 12,823.07 25,646.14 38,469.22
Aug-13 Oct-13 31,615.59 15,807.80 15,807.80 63,231.18 0.85 13,436.63 26,873.25 40,309.88
Sep-13 Nov-13 34,215.75 17,107.88 17,107.88 68,431.50 0.85 14,541.69 29,083.39 43,625.08
Sub-Total 192,006.55 40,801.39 81,602.78 122,404.18
Oct-13 Dec-13 30,192.68 15,096.34 15,096.34 60,385.36 0.65 9,812.62 19,625.24 29,437.86
Nov-13 Jan-14 40,059.94 20,029.97 20,029.97 80,119.87 0.65 13,019.48 26,038.96 39,058.44
Dec-13 Feb-14 60,106.82 30,053.41 30,053.41 120,213.63 0.65 19,534.71 39,069.43 58,604.14
Sub-Total 260,718.86 42,366.81 84,733.63 127,100.44
Jan-14 Mar-14 34,887.18 17,443.59 17,443.59 69,774.35 0.65 11,338.33 22,676.66 34,015.00
Feb-14 Apr-14 39,550.17 19,775.09 19,775.09 79,100.34 0.65 12,853.81 25,707.61 38,561.42
Mar-14 *May-14 50,095.00 25,047.50 25,047.50 100,190.00 0.65 16,280.88 32,561.75 48,842.63
Sub-Total 249,064.69 40,473.01 80,946.02 121,419.04
Apr-14 Jun-14 42,836.52 21,418.26 21,418.26 85,673.03 0.65 13,921.87 27,843.73 41,765.60
May-14 Jul-14 44,483.44 22,241.72 22,241.72 88,966.88 0.65 14,457.12 28,914.24 43,371.35
Jun-14 Aug-14 54,191.06 27,095.53 27,095.53 108,382.12 0.65 17,612.09 35,224.19 52,836.28
Sub-Total 283,022.03 45,991.08 91,982.16 137,973.24
Jul-14 Sep-14 41,601.13 20,800.56 20,800.56 83,202.25 0.65 13,520.37 27,040.73 40,561.10
Aug-14 Oct-14 46,838.76 23,419.38 23,419.38 93,677.52 0.65 15,222.60 30,445.19 45,667.79
Sep-14 Nov-14 58,574.10 29,287.05 29,287.05 117,148.19 0.65 19,036.58 38,073.16 57,109.74
Sub-Total 294,027.96 47,779.54 95,559.09 143,338.63
Oct-14 Dec-14 46,397.97 23,198.98 23,198.98 92,795.93 0.65 15,079.34 30,158.68 45,238.02
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 4
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie(1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Nov-14 Jan-15 62,438.87 31,219.43 31,219.43 124,877.73 0.65 20,292.63 40,585.26 60,877.89
Dec-14 Feb-15 93,019.09 46,509.54 46,509.54 186,038.17 0.65 30,231.20 60,462.41 90,693.61
Sub-Total 403,711.83 65,603.17 131,206.34 196,809.52
Jan-15 Mar-15 42,919.35 21,459.67 21,459.67 85,838.69 0.65 13,948.79 27,897.57 41,846.36
Feb-15 Apr-15 44,299.71 22,149.86 22,149.86 88,599.42 0.65 14,397.41 28,794.81 43,192.22
Mar-15 May-15 61,991.88 30,995.94 30,995.94 123,983.76 0.65 20,147.36 40,294.72 60,442.08
Sub-Total 298,421.87 48,493.55 96,987.11 145,480.66
Apr-15 Jun-15 47,156.82 23,578.41 23,578.41 94,313.63 0.65 15,325.96 30,651.93 45,977.89
May-15 Jul-15 51,820.00 25,910.00 25,910.00 103,639.99 0.65 16,841.50 33,683.00 50,524.50
Jun-15 Aug-15 63,530.67 31,765.34 31,765.34 127,061.34 0.65 20,647.47 41,294.94 61,942.40
Sub-Total 325,014.96 52,814.93 105,629.86 158,444.79
Jul-15 Sep-15 49,814.04 24,907.02 24,907.02 99,628.08 0.65 16,189.56 32,379.13 48,568.69
Aug-15 Oct-15 52,333.38 26,166.69 26,166.69 104,666.76 0.65 17,008.35 34,016.70 51,025.05
Sep-15 Nov-15 54,260.52 27,130.26 27,130.26 108,521.03 0.65 17,634.67 35,269.33 52,904.00
312,815.87 50,832.58 101,665.16 152,497.74
Oct-15 Dec-15 48,763.81 24,381.90 24,381.90 97,527.61 0.65 15,848.24 31,696.47 47,544.71
Nov-15 Jan-16 63,303.62 31,651.81 31,651.81 126,607.23 0.65 20,573.67 41,147.35 61,721.02
Dec-15 Feb-16 99,187.99 49,594.00 49,594.00 198,375.98 0.65 32,236.10 64,472.19 96,708.29
422,510.82 68,658.01 137,316.02 205,974.02
Jan-16 Mar-16 49,991.19 24,995.59 24,995.59 99,982.37 0.65 16,247.14 32,494.27 48,741.41
Feb-16 Apr-16 42,000.94 21,000.47 21,000.47 84,001.87 0.65 13,650.30 27,300.61 40,950.91
Mar-16 May-16 63,385.72 31,692.86 31,692.86 126,771.44 0.65 20,600.36 41,200.72 61,801.08
310,755.68 50,497.80 100,995.60 151,493.39
Apr-16 Jun-16 50,205.20 25,102.60 25,102.60 100,410.40 0.65 16,316.69 32,633.38 48,950.07
May-16 Jul-16 55,183.98 27,591.99 27,591.99 110,367.95 0.65 17,934.79 35,869.58 53,804.38
Jun-16 Aug-16 75,925.05 37,962.53 37,962.53 151,850.10 0.65 24,675.64 49,351.28 74,026.92
362,628.45 58,927.12 117,854.25 176,781.37
Jul-16 Sep-16 46,925.74 23,462.87 23,462.87 93,851.48 0.65 15,250.87 30,501.73 45,752.60
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 5
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate(%) Reimbursement Reimbursement Reimbursement
Aug-16 Oct-16 63,826.65 31,913.33 31,913.33 127,653.30 0.65 20,743.66 41,487.32 62,230.98
Sep-16 Nov-16 59,856.95 29,928.48 29,928.48 119,713.90 0.65 19,453.51 38,907.02 58,360.53
341,218.68 55,448.04 110,896.07 166,344.11
Oct-16 Dec-16 52,217.94 26,108.97 26,108.97 104,435.88 0.65 16,970.83 33,941.66 50,912.49
Nov-16 Jan-17 71,458.61 35,729.30 35,729.30 142,917.21 0.65 23,224.05 46,448.09 69,672.14
Dec-16 Feb-17 92,409.12 46,204.56 46,204.56 184,818.23 0.65 30,032.96 60,065.92 90,098.89
432,171.32 70,227.84 140,455.68 210,683.52
Jan-17 Mar-17 50,495.21 25,247.60 25,247.60 100,990.41 0.65 16,410.94 32,821.88 49,232.82
Feb-17 Apr-17 0.00 0.00 0.00 0.00 0.65 0.00 0.00 0.00
Mar-17 May-17 0.00 0.00 0.00 0.00 0.65 0.00 0.00 0.00
100,990.41 16,410.94 32,821.88 49,232.82
Totals 7,577,941.90 1,390,458.98 2,780,917.96 4,171,376.95
CSD Woodbridge Centre
Sales Tax Reimbursement Report
Filing Allocation City 4B WEDC WEDC
Period Period 1 00% 0.50% 0.50% Total Reimbursement
Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17
Sub-Total 1,000.66 250.17
Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16
Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57
Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42
Sub-Total 5,804.55 1,451.14
May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35
Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09
Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14
Sub-Total 58,050.29 14,512.57
Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59
Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32
Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46
Sub-Total 73,721.47 18,430.37
Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58
Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01
Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11
Sub-Total $77,994.78 $19,498.70
Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46
Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37
Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20
Sub-Total $84,524.13 $21,131.03
May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50
Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16
Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29
Sub-Total $88,251.77 $22,062.94
Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74
Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06
Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91
Sub-Total $106,210.84 $26,552.71
Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,493.45 3,123.36
Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154.97 $19,288.74
CSD Woodbridge Centre
Sales Tax Reimbursement Report
Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74
Sub-Total $100,415.37 $25,103.84
Feb-16 Apr-16 5,556.02 2,778.01 2,778.01 11,112.03 2,778.01
Mar-16 May-16 35,400.22 17,700.11 17,700.11 $70,800.43 $17,700.11
Apr-16 Jun-16 5,929.35 2,964.67 2,964.67 $11,858.69 $2,964.67
Sub-Total $93,771.15 $23,442.79
May-16 Jul-16 5,622.45 2,811.22 2,811.22 11,244.89 2,811.22
Jun-16 Aug-16 36,078.78 18,039.39 18,039.39 $72,157.55 $18,039.39
Jul-16 Sep-16 5,553.88 2,776.94 2,776.94 $11,107.76 $2,776.94
Sub-Total $94,510.20 $23,627.55
Aug-16 Oct-16 5,386.52 2,693.26 2,693.26 $10,773.03 2,693.26
Sep-16 Nov-16 45,851.97 22,925.99 22,925.99 $91,703.94 $22,925.99
Oct-16 Dec-16 5,712.60 2,856.30 2,856.30 $11,425.19 $2,856.30
Sub-Total $113,902.16 $28,475.54
Nov-16 Jan-17 5,534.56 2,767.28 2,767.28 $11,069.11 2,767.28
Dec-16 Feb-17 39,832.46 19,916.23 19,916.23 $79,664.92 $19,916.23
Jan-17 Mar-17 5,210.39 2,605.20 2,605.20 $10,420.78 $2,605.20
Sub-Total $101,154.81 $25,288.70
Total $999,312.18 $249,828.05
Outstanding Performance Agreement Summary
Company Performance Obligations Expiration Incentive Comment/Notes
ACG Texas LP(IHOP) A. CO on 4,525 sf commercial building at a cost of
$1,100,000; receipts for$35,000 on Qualified
Infrastructure. 12/31/2017 $35,000
All State Fire Equipment A. CO 9,300 sf office/warehouse; construction
documents for$788,000 4/15/2016 $20,000 Paid
B. Valuation of$1,100,000 2/1/2017 $20,000
C. Valuation of$900,000 2/1/2018 $20,000
B&B Theatres Phase I -CO 56,000 sf, 12 screen theater;
documentation of$600,000; documentation of
total expend.for land, improvements and personal
property of$10,000,000. 12/31/2013 $100,000 Paid
Cumulative valuation amended to$7,300,000 12/31/2014 $25,000 Paid
12/31/2015 $25,000 Paid
12/31/2016 $25,000 Paid
12/31/2017 $25,000
12/31/20181 $25,000
Total Incentive not to
B&B Theatres Sales Tax Reimb. Qrtly Sales Tax Reimbursement equal to .005 12-18 Annually exceed $600,000
CSD Woodbridge 1 Phase I -Acquire property for 110,000 sf Kroger by
7/31/2016; CO by 3/31/2014 3/31/2014 $100,000 Paid
Phase II -CO for 120,600 sf retail space Sales tax
(completed) 3/31/2014 reimburse quarterly
Phase III -CO for 127,600 sf retail space Sales tax
(completed) 3/31/2017 reimburse quarterly
Phase IV-CO for 134,600 sf retail space Sales tax Cumulative incentive not
(completed) 3/31/2019 reimburse to exceed $1.1 mm
A. CO on 5,300 sf building, documentation of
Dank Real Estate(Deanan Popcorn) $600,000 construction cost 2/1/2015 $15,000 Paid
B. Documentation of$1,150,000 property value 2/1/2016 $7,500 Paid
Outstanding Performance Agreement Summary
C. Documentation of$1,150,000 property value 2/1/2017 $7,500
Exco Extrusion Dies (Texas), Inc. A. CO on 30,000 sf building 2/24/2016 $87,000 Paid
B. On an annual basis maintain appraised value of
1$7.55 mm, maintain Texas as principal place of
business, employ 20 full time employees 2/24/2017 $20,000 Paid
2/24/2018 $20,000
2/24/2019 $20,000
2/24/2020 $20,000
Seller financing on $350,000 note, forgiven
annually beginning 1-31-17 in equal amounts of
$70,000 2017-2021 $350,000
Freudiger Holdings, LLC CO and Documentation supporting 5,500 sf office
space and 1,800 warehouse space at a cost of
$250,000 5/1/2016 $15,000 Paid
Form 941 evidencing a mimimum of 75 employees
employed not less than 90 days prior to CO. 5/1/2016 $25,000 Paid
10 Full time Employees,over and above the base
Employment evidenced by Form 941. 5/1/2017 $30,000
Get Set, Inc. CO for 6,700 sf building and documentation of
$575,000 in construction cost. 5/1/2015 $15,000 Paid
Appraised Value of$1,175,000 2/28/2017 $10,000
Appraised Value of$1,175,000 2/28/2018 $10,000
KREA Acquisition, LLC A. Acquire property by 9/1/15; CO for La Quinta
Inn &Suites by 3/31/17; confirm $600,000 in
construction costs 3/31/2017 $100,000
Outstanding Performance Agreement Summary
B. Quarterly incentive payment equal to
Occupancy Tax paid to City of Wylie (start date 6
months from CO and ending 7 years from 1st Not to exceed $600,000
payment) 9/31/18 total incentive
McClure Partners Devel. Co., LLC A. Purchase of Williford Tracts by 10/1/16;
Complete demolition of all improvements,
foundations& paving by 12/31/16. Removal of
Iall debris, vehicles, inventory by 12/31/16. 12/31/20161 $25,000 Paid
B. Complete construction of 6,000 sf commercial
bldg w/Construction costs not less than
$1,350,000. CO not later than 9/30/17. 9/30/2017 $50,000
Patna Properties, Inc. A. CO for 4,283 sf building; documentation of
$700,000 in construction costs 10/1/2016 $20,000 Paid
B. Appraised Value of$707,000 10/1/2017 $10,000
REVA Hospitality
A. CO for a 4-story, 60,000 sf, 98 room hotel;
documentation of a $9.2 mm in construction costs. 12/31/2017 $100,000
B. Quarterly incentive payment equal to
Occupancy Tax paid to City of Wylie (start date 6
months from CO and ending 6 years from 1st Not to exceed $450,000
payment) 6/30/30/24 total incentive
111.11111111111111111111111
Ronald P. and Carole A.Trout A. CO for 4,944 sf building; documentation
$340,000 in construction costs; current on ad
valorem taxes; 12/31/2017 $15,000
T.W. Snider A. CO for 4,800 sf building; current on all ad
valorem taxes. 2/1/2017 $8,000 Paid
Outstanding Performance Agreement Summary
B. Construction plans for 6,000 sf Bldg 3
evidenced by a building permit by March 1, 2017;
CO for Bldg 3 by October 1, 2017; current on all ad
valorem taxes. 10/1/2017 $42,000
VIAA Properties, LLC IA. CO for 6,094 sf building; documentation
$1,200,000 in construction costs 2/28/2016 $30,000 Paid
B. Appraised Value of$1,000,000 2/28/2017, $20,000
Von Runnen Holdings A. CO for 12,047 sf building; documentation of
$1,250,000 in construction costs. 1/1/2016 $20,000 Paid
B. Appraised Value of$1,000,000 1/31/2017 $10,000 Paid
C. Appraised Value of$1,000,000 1/31/2018 $10,000
Wedge Corporation A. Documentation of executed Ground Lease,
1 Building Permit; 1/31/2014 $137,5001 Loan Advance #1
B. CO for"The Rock" 12/31/2014 $137,500 Loan Advance #2
C. Evidence of Continuous Operation 12/31/2015 $91,666 Loan Advance Forgiven
D. Evidence of Continuous Operation 12/31/2016 $91,666 Loan Advance Forgiven
E. Evidence of Continuous Operation 12/31/2017 $91,668
Woodbridge Crossing Phase I. CO for Initial Phase including a Super 65%sales tax reimb 2009 -
Target by 8/1/09. 8/1/2009 2013 ; 85%sales tax reimb
No further performance requirements. Default
declared reducing maximum incentive from $12 Reimbursement
mm to $6 mm. 2021 spreadsheet attached
W M Environmental Program Tracking
Invoiced Date Descr. of Work Proj.Total
605 Commerce Project Total: 98,127.56
Phase II 4,138.75 2/28/15 Completed
Labor: Laura Foss;James Maxwell; Clay Snider; Michael Whitehead
Contracted Amt:$11,500 1,967.65 2/28/15 Laboratory
4,878.30 2/28/15 Drilling
124.12 2/28/15 Misc.Supplies
151.25 2/28/15 •W&M Equipment
250.00 2/28/15 Vehicle Usage P-2
12.39 8/18/15 Postage
47.50 8/31/15 Labor: Mark Smith
Total 11,569.96
VCP(Vol. Cleanup Prog) 10,324.00 6/23/15 Labor: Frank Clark; Laura Foss; Hichael Henn,James Maxwell; Paul
Rodusky; Mark Smith; Clay Snider; William Soderstrom; Ross
Tucker; Michael Whitehead
Contracted Amt: $38,000 3,325.80 6/23/15 Laboratory
1,150.00 6/23/15 Supplies/Permits
690.00 6/23/15 Other Sub-contractors
4.90 6/23/15 Misc.Supplies
1,175.75 7/14/15 Labor: Frank Clark,; Clay Snider; Michael Whitehead
2,632.35 7/14/15 Drilling
9.38 7/14/15 Postage/Shipping/Delivery
32.62 7/14/15 Misc.Supplies
13.23 7/14/15 Mileage
187.50 7/14/15 Vehicle Usage P-2
361.75 7/14/15 W&M Equipment
1,425.00 8/18/15 _ Labor: Shan Ahmad;James Maxwell; Clay Snider
517.50 8/18/15 Laboratory
3,041.75 8/18/15 Drilling
925.75 8/18/15 Other Sub-contractors
11.16 8/18/15 Misc. Supplies
64.63 8/18/15 W&M Equipment
125.00 8/18/15 Vehicle Usage P-2
1,066.25 8/31/15 Labor: James Maxwell; Clay Snider; Michael Whitehead
W M Environmental Program Tracking
893.55 8/31/15 Laboratory
521.25 9/30/15 Labor: Shan Ahmad; Mark Smith; Clay Snider
287.50 10/31/15 Labor: Clay Snider
402.50 12/15/15 Labor: Clay Snider
631.25 12/31/15 Labor: Clay Snider, Michael Whitehead
143.75 12/31/15 Other Sub-contractors
843.75 1/31/16 Labor: Michael Henn, Mark Smith, Clay Snider
1,612.50 2/29/16 Labor: Shan Ahmad, Clay Snider
1,010.85 2/29/16 Laboratory
8.24 2/29/16 Misc.Supplies
396.14 2/29/16 Vehicles/ Equipment
983.75 3/31/16 Labor: Michael Henn,Jeremiah Roy, Clay Snider
142.50 4/30/16 Labor: Jeremiah Roy,Clay Snider
Labor: Shan Ahmed,James Maxwell,Antonia Pacholczuk, Paul
3,201.25 6/30/16 Rodusky,Jeremiah Roy, Michael Whitehead, Ross Zapalac
38,163.10
APAR(Affected Property
Assessment Report) 805.00 7/14/15 Labor: Clay Snider Completed
87.50 8/18/15 Labor: Michael Henn
Contracted Amt: $16,000 2,676.25 8/31/15 Labor: Laura Foss; Michael Henn; Clay Snider
11.73 8/31/15 Misc.Supplies
398.50 8/31/15 Vehicle usage P-2; W&M Equipment
2,880.00 9/30/15 Labor: Shan Ahmad;James Maxwell;Antonia Pacholczuk; Clay
Snider; Michael Whitehead.
536.00 10/31/15 Labor: Clay Snider; Frank Clark
38.56 10/31/15 Subcontractors: Postage&Shipping
230.00 12/15/15 Labor: Clay Snider
115.00 12/31/15 Labor: Clay Snider
3,107.50 1/31/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay
Snider
350.00 4/30/16 Labor: Jeremiah Roy
195.00 5/31/16 Labor: Shan Ahmad, Clay Snider
660.00 10/31/16 Labor: Clay Snider
W M Environmental Program Tracking
502.50 11/30/16 Labor: Michael Henn,Joshua Hopper, Clay Snider
173.50 12/31/16 Labor: Antonia Pacholczuk, Clay Snider
172.50 1/31/17 Labor: Michael Henn, Clay Snider, Michael Whitehead
317.00 2/28/17 Labor: Frank Clark, Michael Henn,Jeremiah Roy
Total 13,256.54
MSD(Municipal Setting
Designation) 393.75 7/14/15 Labor: Michael Henn
384.00 8/18/15 Labor- Frank Clark, Michael Henn
Contracted Amt: $25,000 1,336.23 8/18/15 Aerials/Maps/Photos
195.75 8/31/15 Labor: Frank Clark, Michael Henn
1,020.00 9/30/15 _ Labor: Laura Foss
2,241.25 10/31/15 Labor: Frank Clark, Michael Henn; Michael Whitehead
87.50 12/15/15 Labor: Michael Henn
1,476.25 12/31/15 Labor: Frank Clark, Holly Stockton, Michael Whitehead
28.44 12/31/15 Mileage
837.50 1/31/16 Frank Clark, Michael Henn
4,292.50 2/29/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay Snider
97.75 2/29/16 Meals
1,873.75 3/31/16 Labor: Shan Ahmad, Frank Clark,Jeremiah Roy, Clay Snider, Michael Whitehead
Labor: Frank Clark, Michael Henn,Jeremiah Roy, Mark Smith, Clay
1,495.00 4/30/16 Snider, Michael Whitehead
221.25. 5/31/16 Labor: James Maxwell, Clay Snider
87.50 9/30/16 Labor: Clay Snider, Michael Whitehead
1,516.25 10/31/16 Labor: Frank Clark, Michael Henn, Clay Snider, Micahel Whitehead
903.75 11/30/16 Labor: Michael Henn,Joshua Hopper,Jeremiah Roy, Clay Snider
Labor: Frank Clark, Michael Henn,James Maxell,Antonia
2,332.75 12/31/16 Pacholczuk, Clay Snider, Michael Whitehead
24.62 12/31/16 Postage/Shipping/Delivery
131.00 1/31/17 Labor: Frank Clark, Clay Snider
2,827.50 2/28/17 Labor: Frank Clark,James Maxwell,Antonia Pacholczuk
Total 23,804.29
Indoor Air Sampling
Contract: $3,300 470.00 4/30/16 Labor: Mark Smith, Clay Snider Completed
W M Environmental Program Tracking
90.00 5/31/16 Labor: Clay Snider
1,603.75 6/30/16 Labor: Michael Henn,Clay Snider
1,472.00 6/30/16 Other Sub-Contactors: Laboratory
Total: 3,635.75
Response Action Plan (RAP)
502.50 7/31/16 Labor: Joshua Hopper, Clay Snider
Contract: $10,500 Labor: Frank Clark,Trudy Hasan,James Maxwell, Clay Snider, Ross
2,810.00 8/31/16 Tucker, Michael Whitehead.
36.27 8/31/16 Shipping, postage, delivery
393.75 9/30/16 Labor: Shan Ahmad
770.00 10/31/16 Labor: Michael Henn, Clay Snider, Michael Whitehead
172.50 11/30/16 Labor: Michael Henn,Joshua Hopper
45.00 1/31/17 Labor: Michael Henn
172.50 2/28/17 Labor: Michael Whitehead
Total: 4,902.52
Soil Excavation
Contract: $20,000 93.00 1/31/17 Labor: Clay Snider
Labor: Michael Henn,Joshua Hopper,Trey Nelson, Clay Snider,
2,643.00 2/28/17 Michael Whitehead
1,972.00 2/28/17 Subcontractors: Laboratory($1,167.25), Other($805)
18.02 2/28/17 Reimbursable Expenses: Misc.Supplies
Total 93.00
A
Response to TCEQ 458.75 10/31/16 Labor: Michael Henn, Clay Snider
Contract: $2,500 1,841.15 10/31/16 Subcontractors: Laboratory($1,381.15), Drilling ($460)
402.50 11/30/16 Labor: Michael Whitehead
Total: 2,702.40
900-908 Kirby Project Total: 19,796.09
Phase I-Contract$2,800 2,800.00 10/31/16 Completed
2,800.00
Limited Phase II - Labor: Shan Ahmad, Michael Henn,Joshua Hopper,Clay Snider,
Contract$17,000 4,052.50 9/30/16 •Michael Whitehead
11.18 9/30/16 Mileage
227.25 9/30/16 Vehicle Usage/W&M Equipment
W M Environmental Program Tracking
937.50 10/31/16 Labor: Shan Ahmad, Michael Henn, Clay Snider, Michael Whitehead
11,450.55 10/31/16 Subcontractors: Laboratory($3,685.75), Drilling ($7,764.80)
98.36 10/31/16 Misc.Supplies
218.75 10/31/16 Vehicle Usage/W&M Equipment
16,996.09
201 Industrial Ct Project Total: 2,400.00
Phase I -Contract$2,400 _ 2,400.00 10/17/16 Completed
2,400.00
Hwy 78-CFA VCP Project Total: 20,000.00
Contract$48,500 1,233.00 1/31/17 Labor: Frank Clark,Clay Snider, Michael Whitehead
Proj. Mtgs: Frank Clark. Michael Henn,James Maxwell,Trey Nelson,
1,134.25 2/28/17 Michael Whitehead
Subsurface Investigations: Frank Clark,Joshua Hopper,James
Maxwell,Trey Nelson,Jeremiah Roy, Clay Snider, Michael
5,000.00 2/28/17 Whitehead
9,184.48 2/28/17 Subcontractors: Laboratory($1,597.35), Drilling($7,587.13)
570.77 2/28/17 Supplies
575.50 2/28/17 Vehicles& Equipment
1,794.00 2/28/17 VCP Application: Frank Clark, Clay Snider
108.00 2/28/17 Drinking Water Survey: Jeremiah Roy
400.00 2/28/17 Affected Property Assessment Report- Frank Clark
20,000.00
Spent Contracted
Total W&M Expenditures: 140,323.65 $197,500
WEDC Promotional Activities
2016-17 Mavericks Tickets
Date Attendees
October 3, 2016 t W&M Environmental (Pre-season)
October 28, 2016 Coventry Reserve -Auction Item (Pre-Season)
November 6, 2016 Jim Campbell - Chairman of the Board, Lone Star Circuits
November 18, 2016 Wylie Eye Center
December 27, 2016 United Commercial Realty
January 7, 2017 Primary Integration Systems
January 30, 2017 Falcon Realty
February 9, 2017 Mark Hambelton- DCU
February 25, 2016 Tyler Peglow-Weitzman
March 23, 2016 Citadel Partners
April 11, 2016 Firebird
Regional Housing Permits
Wylie Lavon
09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17
January ® 28 20 16 18 14 46 9 g January © 8 B 4 © 4 6 ©®
February El 18 9 ® 14 20 ® 4 36 February 4 Elm©©m 6 ©A
March 26 20 28 18 m 30 ® 43 la March 10 8 © 6 ©m 8 © 0
April 16 El18 29 38 10 ® 41 ■ April 6 END 24 El 11 ON
May m 26 18 20 ® 26 68 101 ■ May El 8 A 0 9 m 4 4 ■
June 36 24 19 Elm 9 ® 58 ■ June ®® 9 ©©® 5 AM
July Ella 20 19 18 29 36 34 ■ July 14 m©©p 14 12 AN
August ® 24 16 20 19 19 30 D• August 14 ® 9 6 ©A 5 0 I.
September 38 ®lag 8 m 24 18 ■ September'''. 0 6 El 6 B 7 0 ■
October Elm 16 28 30 El® 26 ■ October © 14 4 ©A 9 5 0 ■
November El®© 14 18 20 BEM November ®©©©©A 2 0 ■
December®® 10 16 ® 65 38 39 ■ December BABE 4 © 6 0 I.
TOTAL ®EI 201 230 B 280 B 409 84 TOTAL El 99 60 m 68 100 77 m®
Murphy Sachse
09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17
January © 14 4 El 26 DUDE January ©m 14 8 ® 18 14 16 4
February ADA 14 4 ©© 4 © February 8 10 ©m 8 29 17 Ella
March 4 ® 9 6 6 8 4 © 4 March mm 9 DAD 24 ®®
April AD 8 10 Elm© 8 ■ April Elm 8 4 Elm 12 24 ■
May p©m 14 ABUUU May 6 ®mm 10 ® 6 ®■
June BIB 6 19 El El 4 ■ June mmi 8 El14 16 38 El.July Ellin 16 El® 4 ©■ July Egli 14 ® 30 12 ®■
August 6 © 4 lag 16 B®M August ® 14 © 19 10 29 41 ®■
SeptemberDA 4 10 10 ©© 6 ■ September®©®®m®® 20 ■
October 4 8 II16 16 4 0 El. October g© 8 g® 18 31 29 ■
November©El©m©©B 6 ■ November 14 4 6 9 ®® 26 ®■
December 14 9 8 NE 4 0 A■ December® 6 El 10 m 39 12 m■
TOTAL m® 70 miAEl®Elm TOTAL A 118 mom 280 260 Elm
Inspiration
Jan Feb Marc Apr May Jun Jul Aug Sep Oct Dec Tota
15 ©® 10 6 m® 14 4 Ell 8 III118
16 10 19 El9 AE 40 8 14 ' 13 El164
17 10 ® 26 ■■■■■■1_■ 48
Regional Housing Permits
Wylie Pending Developments Sachse Pending Developments
Estates of Creekside -45 ac. -63 Lots, 3 open space Jackson Hills Phase 3A-2 - 55 Lots
Braddock Place, Phase 2 - 185 ac. - 44 Lots Heritage Park- Phase 3 -81 Lots
Kreymer Estates Phase 1 - 36.475 ac. - 110 Lots Parkwood Ranch - Phase 2 -102 Lots
Lewis Ranch - 53 ac. -216 Lots Jackson Hills - Phase 3B - 114 Lots
Woodbridge 16-25.083 ac. - 111 Lots Jackson Meadows- 51 Lots
Dominion of Pleasant Valley- 361.4 ac. -975 Lots Woodbridge - Phase 19 - 148 Lots
Covington Estates Ph 1 - 14.308 ac. -44 lots ETJ
Bozeman Farms - 780 lots remaining (145 under cons.) C & F Copeville Addition - 3.515 ac 3 Lots
Alanis Crossing - Phase 1 -29.292 ac- 53 Lots Geckler Addition - 14.274 ac 1 Lot
Braddock Place, Phase 3 -18.322 ac. - 53 Lots, 2 open space Reyes estates-3.61 ac 2 Lots
Wilson Creek- 38 ac. 140 lots Creeks Crossing - 3.187 ac 2 Lots
Inspiration 2B -25 ac. 76 lots Wylie ETJ
ZC 2014-08 Nails-25 ac. 105 Townhomes
Hunter's Cove Phase I - 31.414 ac 58 Lots
Bozman Farms Phase 3 - 50.392 ac 139 Lots
Braddock Place Phase 4 -25.608 ac 77 Lots
Braddock Plase Phase 3 - 18.322 ac. 53 Lots
Creekside Estates Phase VII -23.267 ac. - 11 Lots
Castle Park - 31.41 ac 56 Lots
Inspiration Phase 1 &2 --53 Lots
Kreymer Estates Amenity Center- 3.3 ac. 1 Lot
Kreymer Estates Phase 2 -23.171 ac 60 Lots
Kreymer Estates Phase 3 -29.7654 ac 74 Lots
Mansions at Wylie Seniors - 13.125 ac 1 Lot
Schupbach Estates-0.633 ac. 2 Lots
Wooded Creek Phase 2 Amenity Center- 0.512 ac 1 Lot
Creekside Estates Phase VIII -20.551 ac 65 Lots
Kreymer Estates Phase 4 -27.312 ac 78 Lots
Bozman Farms Phase 5 - 69.071 ac 198 Lots
HNI Townhome Addition - 10.06 ac 104 Lots
Alanis Crossing Phase II - 26.239 ac 42 Lots
Trailsplace Lot 6-BR & 6 C-0.256 ac 2 Lots
Kreymer Park-45.57 ac 151 Lots
Kreymer Estates Phase 3 - 29.7654 ac 74 Lots
Braddock Place Phase 5 - 28.019 ac
Railroad Addition Block 31- 1 ac.
Creekside Estates Ph 9 - 12 ac
