11-08-1994 (WEDC) Minutes Minutes
DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, November 8, 1994
The Directors of the Development Corporation of Wylie, Inc. met in regular session at
4:00 PM Tuesday, in the Chamber of Commerce Board room at 108 Marble Street,
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, Executive Director
Charlie Womack, Asst. to the City Manager Mike Collins, City Manager Steve Norwood
and Secretary Barbara LeCocq.
The meeting was called to order by President John Yeager.
ITEM NO. 1 - CONSIDER APPROVAL OF MINUTES FROM REGULAR MEETING HELD ON
TUESDAY, OCTOBER 11, 1994. With no additions or corrections noted, a motion was
made by Marvin Fuller to approve the minutes as submitted. Seconded by Irene
Messenger. All in favor - motion carried.
ITEM NO. 2 - CONSIDER ACCEPTANCE OF RESIGNATION OF TIMOTHY S. ROBINSON AS A
DIRECTOR OF THE DEVELOPMENT CORPORATION OF WYLI, INC. Director Tim Robinson
submitted his resignation citing business pressures and inability to commit to the
scheduled meetings. A motion was made by Marvin Fuller to accept the resignation.
Seconded by Irene Messenger. All in favor - motion carried.
ITEM NO. 3 - REVIEW AND CONSIDER APPROVAL OF TREASURER'S REPORT ENDING
OCTOBER 31, 1994. The treasurer's report reflected Total Funds Available 10/1/94 at
$445,778.65; Income Plus Available Funds of $465,946.20 (this included Sales Tax
Revenue of $19,293.99); Expense payments during the month of $3,353..67; petty cash
activities of $465.54 with an ending balance of total corporation funds on 10/31/94 of
$463,058.07. A question was asked about expense item for Gene Allen's Gifts of
$165.67. Charlie Womack responded this was for a re-order of 125 DCW videos. A
motion was made by Marvin Fuller to approve the treasurer's report as submitted;
seconded by Irene Messenger. All in favor - motion carried.
REM NO. 4 - REPORT FROM EXECUTIVE DIRECTOR. Mr. Womack commented on
October activities summary by noting Sanden lntn'l. Inc. had recently elected Mr. Don R.
Rayburn as Vice Chairman of their Board of Directors. Mr. Womack responded to a
question regarding Physicians Regional Hospital by talking to an official of the hospital
regarding a reported loss of medicare certification. Mr. Womack reported the hospital
spokesperson stated the psychiatric unit had been on a probation but had addressed and
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corrected the problem and had now been reinstated. Universal Display has decided to
remain in their current location. Mike Collins and Mr. Womack had met with a new
prospect who is looking to relocate a manufacturing facility. Mr. Collins reported the
manufacturing business is a clean, non-polluting operation and would make a good
corporate member of the industrial community of Wylie.
ITEM NO. 5 - REVIEW AND CONSIDER APPROVAL ON REQUEST RECEIVED FROM LONE
STAR MARBLE FOR FINANCIAL ASSISTANCE DUE TO RECENT FIRE Mr. Womack
reported the owner of Lone Star Marble is current in payment of taxes to the City,
County and WISD. They are not interested in a loan but would like a grant to defray
unusual costs incurred by fire at their facility. After the discussion, a motion was made
by John Mondy to offer a loan of $8000 at 1% over the prime rate at time of closing the
loan to be paid over a period of 30 months, based on cleaning up the lot on which they
are located. Seconded by Irene Messenger. All in favor - motion carried.
ITEM NO. 6 - REVIEW LETTER TO CHAMBER OF COMMERCE Mr. Womack presented a
copy of a letter that had been sent to Mark G. Womack, President of the Wylie Chamber
of Commerce outlining the guidelines approved by the DCW Directors , i.e., any project
where funding is expected from DCW must have prior approval from the Directors; full
accounting of actual expenses before funding is approved; a description of the project,
cost estimates of implementing, date and time of completion and possible results to be
expected.
ITEM NO. 7 - DISCUSS CURRENT STATUS OF RELOCATION PROSPECT. The prospect,
Universal Display and Fixture Co. has withdrawn from the project.
ITEM NO. 8 - DISCUSS PARTICIPATION WITH LONE STAR GAS IN A 1995 TRADE SHOW
MARKETING PROGRAM SCHEDULED IN ANAHEIM, CALIFORNIA. Charlie Womack
reported that this show provides an opportunity present Wylie as a good relocation
option. Expenses should not exceed $2000, including a rental car. Consensus was to
advise Lone Star Gas the DCW would like to participate and will name a representative at
a later date.
ITEM Na 9 - APPROVE THE FIRM OF RUTLEDGE, CRAIN & COMPANY TO CONDUCT AN
ANNUAL AUDIT OF THE FINANCIAL ACTNTTIES OF THE CORPORATION. A motion was
made by John Mondy to approve Rutledge, Crain and Company to conduct the annual
audit of the Corporation.
ITEM NO. 10 - DISCUSS AND CONSIDER APPROVAL OF A REQUEST RECEIVED FROM
SANDEN INT'L., INC. FOR FINANCIAL ASSISTANCE Following a lengthy discussion, a
motion was made by John Mondy to table this item, seconded by Marvin Fuller. All in
favor - motion carried.
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REM NO. 11 - DISCUSS AND CONSIDER APPROVAL OF A REQUEST RECEIVED FROM MR.
R. L. WARREN FOR FINANCIAL ASSISTANCE. Mr. Warren is asking for a $15,000 grant
for assistance in locating a new business in Wylie. Following discussion, a motion was
made to table by Marvin Fuller, seconded by John Mondy. All in favor - motion carried.
REM NO. 12 - APPROVE GOALS AND OBJECTIVES. Item not discussed.
ITEM NO. 13 - CITIZEN PARTICIPATION. None
ITEM NO. 14 - RECESS OPEN MEETING
ITEM NO. 15 - CONVENE EXECUTIVE SESSION UNDER SECTION 551.072 OF THE
GOVERNMENT CODE - DECISION ON LAND PURCHASE.
ITEM NO. 16 - RECONVENE INTO OPEN SESSION.
ITEM NO. 17 - CONSIDER ACTION ON REM DISCUSSED IN EXECUTIVE SESSION - LAND
PURCHASE. A motion was made by John Mondy to proceed with land purchase.
Seconded by Irene Messenger. All in favor - motion carried.
ITEM NO. 18 - Adjourn. Motion was made and seconded to adjourn. Meeting adjourned
by President John Yeager.
John Yeager, President
Submitted by:
Barbara LeCocq, Secretary
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