09-13-1994 (WEDC) Minutes Minutes
DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, September 13, 1994
The Directors of the Development Corporation of Wylie, Inc. met in regular session at 4:00 PM on
Tuesday, September 13, 1994 in the Chamber of Commerce Board Room at 108 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, and Irene Messenger.
Also present were Mike Collins, Administrative Asst. to the City Manager and Charlie Womack,
Executive Director of the Development Corporation of Wylie, Inc.
The meeting was called to order by President John Yeager.
ITEM NO. 1 - CONSIDER APPROVAL OF MINUTES FROM REGULAR MEETING HELD ON TUESDAY,
AUGUST 9, 1994. Marvin Fuller made a motion to approve the minutes as submitted. Irene
Messenger seconded the motion. All in favor, motion carried.
ITEM NO. 2 - CONSIDER APPROVAL OF MINUTES FROM CALLED MEETING HELD ON MONDAY,
AUGUST 29, 1994. Irene Messenger noted a correction on Item #9 to reflect an increase of 5%
effective on October 1, 1994. John Yeager noted misspelled name, should by "Mondy". A motion
was made by Marvin Fuller to approve the minutes as corrected, seconded by Irene Messenger. All
in favor, motion carried.
ITEM NO. 3 - REVIEW AND CONSIDER APPROVAL OF TREASURER'S REPORT ENDING AUGUST 31,
1994. The treasurer's report showed Total Income & Funds Available at $446,960.07. Expense
payments during month of $10,697.12. Money Market Funds available a/o August 31, 1994 of
$436,262.95. Petty Cash Balance 8/31/94 of $182.15. Total Corporate Funds 8/31/94 of
$436,445.10. A motion was made by Marvin Fuller to accept the Treasurer's Report as
submitted. Seconded by Irene Messenger. Motion carried, all in favor.
ITEM NO. 4 - REPORT FROM EXECUTIVE DIRECTOR. No inquiries were received during the month of
August from potential or relocation prospects. Discussion items included Physicians Regional
Hospital, Jim Meara d/b/a/ as The Meara Company; GiGi Foods, Inc.; Universal Display and Fixture
Co., Inc.;
ITEM NO. 5 - REVIEW COPY OF RECENT LEGAL OPINION RELATING TO TAX EXEMPT PROPERTY
OWNED BY AN ENTITY AUTHORIZED UNDER THE ECONOMIC DEVELOPMENT CORPORATION ACT
AND DISCUSS FUTURE ACTION. This discussion related to possible future action to challenge
Collin County's recent decision to deny tax exemption status to such real estate. Mr. Womack had
talked with David Pitstick of Allen and said all economic development groups had joined together to
hire an attorney to defeat any such action. The consensus of the discussion was to do nothing at
this time and wait to see the outcome of any action the above mentioned group may take.
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ITEM NO. 6 - REVIEW AND CONSIDER APPROVAL OF A PROFESSIONAL SERVICES AGREEMENT
SUBMITTED BY JACKSON AND ASSOC. TO $6,715.67 TO PERFORM DESIGNATED SURVEY WORK
ON TRACTS 10 AND 12, DUKE STRICKLAND SURVEY, PROPERTY BEING PURCHASED FROM
JAMES H. HALE. Discussion revealed the costs incurred through performance of the work on Item
#1 (set or recover boundary of 54.67 acre tract) is to be reimbursed by the seller at time of
closing. Costs for item #2 (topo survey of 54.67 acre tract) possibly to be reimbursed by builder,
and the Development Corporation would be responsible for the cost of Item #3 miscellaneous
surveys (30 acre tract, 20 acre tract and 37 ft wide road along entire north line of 30 acre tract
with drawing and description). A motion was made by Marvin Fuller to approve the above described
Professional Services Agreement, seconded by Irene Messenger. All in favor, motion carried.
ITEM NO. 7 - REVIEW AND DISCUSS REPLY TO MR. SYL HOUSEWRIGHTS LETTER OF INQUIRY
DATED 8/31/94. Mr. Womack had prepared a reply to Mr. Housewright . After brief
discussion, the consensus was to forward the letter of reply to Mr. Housewright.
ITEM NO. 8 - DISCUSS AND SCHEDULE DATE FOR WORKSHOP ON. It was decided to select
Monday, October 3, 1994 as the first choice for the workshop and Wednesday, October 5, 1994
as the second choice. Final choice to be determined by the availability of DCW directors to attend.
ITEM NO. 9 - DISCUSSION ON CURRENT STATUS OF RELOCATION PROSPECT. The DCW bond
counsel, Fulbright and Jaworski have a high confidence level that all negotiations, and bond sale will
proceed as expected.
ITEM NO. 10 - CITIZEN PARTICIPATION. None.
ITEM NO. 11 - ADJOURNMENT. There being no further business, the meeting was adjourned by
President John Yeager, following motion and second.
John Yeager, President
Attest:
Barbara LeCocq, Secretary
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