08-09-1994 (WEDC) Minutes ,
Minutes
DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, August 9, 1994
The Directors of the Development Corporation of Wylie, Inc. met in regular session at
4:00 PM on Tuesday, August 9, 1994 in the Wylie Chamber of Commerce Board Room
at 108 W. Marble St., Wylie, Texas. A quorum was present and notice of the meeting
had been posted in the time and manner required by law. Present were directors John
Yeager, Marvin Fuller, John Mondy and Irene Messenger, Executive Director Charlie
Womack, Administrative Assistant to the City Manager Mike Collins, City Manager Steve
Norwood and Secretary Barbara LeCocq.
ITEM NO. 1 -Administer Oath of Office to newly appointed board member. The oath of
office was administered to Irene Messenger by Barbara LeCocq.
ITEM NO. 2 - Nominate and Elect Corporation Officers. John Yeager made the
suggestion that this item be tabled until next meeting, with the expectation of all board
members being in attendance. Motion was made to table by John Mondy, seconded by
Marvin Fuller, all in favor, motion carried.
ITEM NO. 3 -Consider Approval of Minutes from Regular Meeting held on July 12, 1994
and Called Meeting held on August 2, 1994. A correcton was made to Item No. 6,
August 2, 1994 meeting to read "$326,904" (for the purchase of a specific parcel of land).
A motion was made by Marvin Fuller to approve the minutes of the July 12, 1994 meeting
as submitted and the August 2, 1994 meeting as corrected. Seconded by John Mondy.
All in favor, motion carried.
ITEM NO.4- Discuss and Consider approval of Treasurers Report ending July 31, 1994.
Total Corporate Funds as of 6/30/94 $407,018.15; Total Available Funds from income
and funds available: $426,567.44; Total Expenses $6,075.47; Petty Cash expenditures
$35.62; Total funds - $420,707.61. Contingent liabilities during the next 30 days
$13,500.00; Total Corporate funds available for investment - $407,207.61. Following
a brief discussion, a motion was made by Marvin Fulller to approve the treasurer's report,
second by John Mondy. All in favor, motion carried.
ITEM NO. 5 - Report from Executive Director. Charlie Womack commented on items
contained in the Summary of July Activities handed to all members. Two inquiries were
made by relocation prospects during the month. Mr. Womack had responded to both.
Follow up reports were made on Physicians Regional Hospital; Jim Meara d/b/a/ The
Meara Company. Mr. Meara reports he is losing sales of building lots due to the odor
from a local business; J. C. Ornamental Iron Works; The Shutter Showroom, they report
they will check with their accounting department to verify that all sales tax generated from
wholsale business will be credited to the City of Wylie sales tax account. A meeting with
Mr. Womack, Mike Collins and the owner of GiGi Foods, Inc. and her accountant was
held to discuss a possible relocation to Wylie. Negotiations continue to be good with
Universal Display and Fixture Company.
ITEM NO. 6 - Discuss and Consider Approval of FY '95 Proposed Budget. A suggestion
was made to increase the budget by $5,000 for update of the DCW video. A motion was
made by John Mondy and seconded by Marvin Fuller to approve the proposed budget
with the addition of $5,000 for update of DCW video. All in favor, motion carried.
ITEM NO. 7 - Discuss and Consider Reimbursable Expenses submitted by Wylie
Chamber of Commerce for period 10/1/93 through 3/31/94. Following a lengthy
discussion which included a change in the philosphy of DCW contributions to the Wylie
Chamber of Commerce advertising budget, such as the DCW funding specific large ticket
projects up to a specified annual sum, a motion was made by John Mondy to authorize
payment of$7500 to the Chamber in response to an earlier committment. Seconded by
Irene Messenger. All in favor, motion carried.
ITEM NO. 8 - Consider Writing and Approving a Resolution supporting Senator Florence
Shapiro in her efforts to create a new exemption of the State Open Reconds and Open
Meeting Law to cover economic development initiatives. Mike Collins stated that the
City's position was to oppose this resolution on the grounds that it is substantially not in
the best interest of small cities. A motion was made by John Mondy, seconded by Irene
Messenger that a resolution as described not be written or approved by this board of
directors. All in favor, motion carried.
ITEM NO. 9 - CITIZEN PARTICIPATION . None.
ITEM NO. 10 - Recess Open Meeting for the purpose of convening into Executive
Session. Meeting recessed.
ITEM NO. 11 - Executive Session convened under Section 551.072 of the Government
Code - update on land purchase.
ITEM NO. 12 - Reconvene into open session.
ITEM NO. 13 - Consider action on item discussed in Executive Session - land purchase.
No action taken.
ITEM NO. 14 - ADJOURNMENT.
John Yeager, Acting President
Attest:
Barbara LeCocq, Secretary