10-11-1994 (WEDC) Minutes MINUTES
DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, October 11, 1994
The Directors of the Development Corporation of Wylie, Inc. met in regular session at
4:00 PM, Tuesday, October 11, 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 President John Yeager,
Vice-President John Mondy, Sec-Treas. Marvin Fuller, Director Irene Messenger, Asst to
the City Manager Mike Collins, City Manager Steve Norwood, Executive Director Charlie
Womack and Secretary Barbara LeCocq.
The meeting was called to order by President John Yeager. Mr. Yeager announced that
due to conflicts of business, Tim Robinson would be submitting a letter of resignation as
a Director of the Development Corporation of Wylie, Inc.
ITEM NO. 1 - Consider approval of minutes from regular meeting held on Tuesday,
September 13, 1994. There being no additions or corrections, a motion was made by
John Mondy to approve the minutes as submitted, seconded by Marvin Fuller. All in
favor, motion carried.
ITEM NO. 2 - Consider approval of minutes from Special Workshop meeting held on
Monday, October 3, 1994. With no additions or corrections, a motion was made by
Marvin Fuller to approve the minutes as submitted, seconded by John Mondy. All in
favor, motion carried.
ITEM NO. 3 - Review and Consider approval of Treasurer's Report ending September 30,.
1994. Charlie Womack noted a change in the 8/31/94 report to reflect a contingent
liability to Chamber of Commerce. Total corporate funds 8/31/94 $436,445.10;
Income and Funds Available $457,936.67; Expense payments during month $12,235.78;
Petty Cash Activities $77.76; Total Corporate Funds 9/30/94 $445,778.65. A motion
was made by Marvin Fuller to approve the treasurer's report, seconded by Irene
Messenger. All in favor - motion carried.
ITEM NO. 4 - Report from Executive Director. Mr. Womack recapped the month's
activities - visits were made to the property under consideration for purchase, attended
meeting of the Lake Lavon Development Committee; attended a meeting of the Economic
Development Committee. Updated reports were made on Physicians Regional Hospital;
Jim Meara d/b/a/ as The Meara Company; GiGi Foods, Inc.; Universal Display & Fixture
Co., Inc. and Buddy Wall who claims to be a real estate agent in Rowlett with a client
who is interested in relocating. DCW has responded with a video and other information
regarding the city and school district.
ITEM NO. 5 - Review and Consider Request from Lone Star Marble for Financial
Assistance. A discussion regarding landscaping to meet code requirements; expansion
of facility; what is needed; what is requested. A motion was made by Marvin Fuller,
seconded by John Mondy to table this item until additional financial information is
obtained. Motion carried - all in favor.
ITEM NO. 6 - Discuss and Consider Future Agreement with Chamber of Commerce
Regarding Funding or Reimbursement of Approved Expenditures. John Mondy mentioned
a "matching funds" agreement with the Chamber. Irene Messenger asked questions
regarding the "Buyer's Guide" which only reflects those local businesses that are
members of the Chamber. If City funds (sales tax revenue) is to support the activities of
the Chamber, they should include all members of the business community. Marvin Fuller
said the DCW should drop the "contingent liability" outstanding for the Chamber. A
motion was made by Marvin Fuller to send a letter to the Chamber of Commerce advising
that all promotional projects for which support is requested from the DCW must be pre-
approved by DCW directors; and the entire business community must be included, both
non-members and members of the Chamber of Commerce. Second by John Mondy. All
in favor - motion carried.
ITEM NO. 7 - Set Date to Discuss and Finalize Goals and Objectives for Fiscal Year '95.
The date for the meeting will be Wednesday, November 2, 1994 at 6:00 PM.
ITEM NO. 13 - Discuss Current Status of Relocation Prospect. Charlie Womack reported
that the project is as of this date, on hold. Prospect advises they have two financing
alternatives. Broker submitting a package to a bank in Terrell.
ITEM NO. 9 - CITIZEN PARTICIPATION. None
ITEM NO. 10 - Recess Open Meeting.
ITEM NO. 11 - Convene Executive Session under Section 551.072 of the Government
Code - Decision on Land Purchase.
ITEM NO. 12 - Reconvene into Open Session.
ITEM NO. 13 - Consider action on item discussed in Executive Session. No Action taken.
ITEM NO. 14 - ADJOURN
John Yeager, President
Submitted by:
Barbara LeCocq, Secretary
DCWmin 101 194
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