12-14-1993 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
DECEMBER 14 , 1993
The Directors of the Development Corporation of Wylie, Inc. met
in regular session at 4 :00 P.M. on Tuesday, December 14, 1993 in
the boardroom at Universal Transformer Co. at 1000 Cooper Dr. ,
Wylie, Texas . A quorum was present and notice of the meeting had
been posted in the time and manner required by law. Those
present were President Raymond Cooper, Vice President John Tobin,
Secretary/Treasurer John Yeager and members John Mondy and Marvin
Fuller . Executive Director Charlie Womack, Mayor John Akin, City
Manager Steve Norwood and Administrative Assistant Mike Collins
were also present . In attendance from the City Staff was Anita
Collins .
President Raymond Cooper called the meeting to order.
DISCUSS AND CONSIDER APPROVAL OF MINUTES OF DECEMBER 14, 1993
REGULAR MEETING: The November minutes reflected an executive
session and the session was held in open meeting and not in
executive session. The action was as follows : Mr. Mondy made a
motion that we purchase trash containers for the downtown area at
a cost of $1 , 620 .00 , the motion was seconded by Mr. Fuller and
carried with all in favor . A motion was made by Mr . Fuller to
deny the request from 140 Kristen Lane to make repairs as the
building was bought as it for investment , the motion was seconded
by Mr. Mondy, and carried with all in favor. No action was taken
on the request from an interested party that the Development
Corporation build and lease a building to house his business .
John Yeager made a motion the minutes be approved as amended.
The motion was seconded by Marvin Fuller. The motion carried with
all in favor.
DISCUSS AND CONSIDER TREASURER'S REPORT ENDING 11/30/93 : Total
money market funds available during November were $537 , 543 . 95 .
Expenses for November were $255, 311 . 56 and revenues were
$156, 359 . 52 . Copy of report is attached for further details . A
motion was made by John Tobin to approve the report as written.
The motion was seconded by John Mondy . The motion carried with
all in favor.
REPORT FROM EXECUTIVE DIRECTOR: Mr. Womack gave a report of the
November activities . Mr. Womack also advised the board to read
the documents attached to the agenda regarding Open Meetings .
Physician's Regional Hospital - Mr . Womack reported that the
Bankruptcy Judge has pretty much told American Healthcare Network
that they were not closing the hospital in Wylie. The bankruptcy
plan calls for the unsecured creditors to become the board of
directors and to operate the hospital . The Development
4., Corporation advised Mr . Womack that as their representative he
should vote for the plan.
Jim Meara - Four homes have been started in the Westgate area.
Unger Associates - interested in Wylie so they can be close to
their office. They want to own their own building and property.
REVIEW AND APPROVE LEGAL FEES SUBMITTED BY MCWILLIAMS & HOUSER,
ATTORNEYS FOR SERVICES RENDERED TO ASSURE OUR LIEN POSITION IN
THE BANKRUPTCY PETITION FILED BY HEALTHCARE ENTERPRISES OF NORTH
TEXAS, LTD. AKA PHYSICIAN'S REGIONAL HOSPITAL: John Tobin made a
motion that we approve the funds to pay this invoice. The motion
was seconded by John Yeager .
DISCUSS POSSIBLE MARKETING PLANS TO DEVELOP AND DISPOSE OF THE
SEVEN INDUSTRIAL LOTS PURCHASED IN THE 544 INDUSTRIAL PARK: The
board discussed ways to develop the industrial park and the
various methods of erecting a building on one of the lots .
DISCUSS THE FEASIBILITY OF EMPLOYING AN OUTSIDE CONSULTING FIRM
TO MAKE AN EVALUATION OF THE CURRENT ECONOMIC CLIMATE OF WYLIE
AND THEN DEVELOP A STRATEGIC MARKETING PLAN TO PROMOTE INDUSTRIAL
AND RETAIL GROWTH WITHIN THE CITY: No action was taken on this
item. Discussion took place as to how a database could be
developed.
DISCUSS UPCOMING JOINT WORKSESSION WITH CITY COUNCIL AND ADDRESS
PRIORITES, GOALS AND OBJECTIVES FOR WYLIE'S ECONOMIC DEVELOPMENT
EFFORTS: A tentative date of January 18, 1994 was set for the
upcoming meeting. Discussion took place as to whether the goals
and objectives set by the City of Wylie had been met and if not
how they could be met .
CITIZEN PARTICIPATION: None
There being no other business for discussion a motion was made
and seconded that the meeting be adjourned.
Minutes of the December 14, 1993 , regular meeting approved by the
Board of Directors at its meeting on January 11 , 1994 .
R'ay and Coop , President
PREPARED BY:
edlor
Anita Collins