04-09-1991 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
APRIL 9 , 1991
The Directors of the Development Corporation of Wylie, Inc.
met in regular session at 4 : 00 P.M. on Tuesday, April 9 ,
1991 in the Conference Room at the Municipal Complex. A
quorum was present and notice of the meeting had been posted
in the time and manner required by law. Those present were
Jim Smith, President; Bart Peddicord , Secretary-Treasurer ;
James Blakey, Vice President and members John Yeager and
Raymond Cooper . Also present was Mayor John Akin .
Jim Smith called the meeting to order.
APPROVAL OF MINUTES OF MARCH 12 , 1991: Jim Smith asked
that the last sentence of the last page regarding discussion
be rephrased. John Yeager made a motion that the minutes
of the March 12 , 1991 meeting be approved with the
corrections. The motion was seconded by James Blakey. The
motion carried with all in favor .
APPROVAL OF TREASURER REPORT: Bart Peddicord, Secretary-
Treasurer ; gave a report on the expenditures and revenues of
the Development Corporation of Wylie, Inc. He reported the
current balance to be $102 ,455 .38 . Sales tax received in
March was $14 ,618 . 42 , interest received was $370. 33 and
expenditures in the amount of $84 . 75 . Also presented was a
receipt , number 8777783 from N.C.N.B. Texas National Bank
for safekeeping of the pledged security. The report was
unanimously approved.
PRESENTATION BY MS. MILLIE BRUNER WITH THE COMPTROLLER ' S
OFFICE : Ms . Millie Bruner from the State Comptroller ' s
Office made a short presentation on the new division of
economic development . They are putting together a database
that will pull together information that has previously been
available only from the various agencies. This information
will help the Development Corporations to provide all the
data to any new business ' s interested in locating in their
particular areas . Ms . Bruner advised the board that she is
available for questions and comments .
APPROVAL OF PAYMENT TO CITY OF WYLIE FOR MARCH RENT:
Raymond Cooper made a motion that we pay the City of Wylie
$50 . 00 for April rent as per agreement . Motion was seconded
by John Yeager . The motion was unanimously approved . Since
this item is covered under an agreement between the City and
the Development Corporation it will no longer appear on the
agendas .
AWARDING OF BID TO RUCKER AND ASSOCIATES , INC. OF DALLAS
FOR $150 ,000 FOR FIDELITY BOND: Raymond Cooper made a
motion that we award the bid to Rucker and Associates for
the $150 ,000 fidelity bond. The motion was seconded by John
Yeager . The motion was unanimously approved .
DISCUSS AND CONSIDER PROPOSAL FROM AQUA CULTURE MANAGEMENT
ASSOCIATION FOR RELOCATING TO WYLIE: They are presently
located in College Station and their business is to grow
shrimp in an indoor facility. They are primarily looking
for seed money. Their business is one that has been
accomplished under laboratory conditions only and never in a
production environment . They would be at the end of six
years producing in the neighborhood of 30 million pounds of
shrimp per year. They want to locate near a metroplex where
the market for their product is . Raymond Cooper made a
motion that we table this item for further consideration.
Bart Peddicord seconded the motion . Motion carried with all
in favor .
RECESS REGULAR MEETING:
WORKSHOP DISCUSSION OF GOALS AND OBJECTIVES: There was
discussion regarding a company that is interested in
relocating to Wylie and what space was available for them.
More discussion was made regarding State Highway 78 and
State Highway 544 .
RECONVENE OPEN MEETING
There being no other matters of business for discussion , a
motion was made to adjourn with all in favor .
Minutes of the April 9 , 1991 regular meeting approved by the
Board of Directors at its meeting on May 14 , 1991 .
Barton Peddicord, Secretary-Treasurer