06-11-1991 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
June 11, 1991
The Directors of the Development Corporation of Wylie, Inc .
met in regular session at 4 : 00 P.M. on Tuesday, June 11 ,
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 May 14, 1991 : Mr . Raymond Cooper
stated that the minutes should be corrected to reflect that
his statement concerning the previous planning and zoning
director was an assumption based on conversations with Mr .
Richey. Mr . Smith stated that the last word in the
paragraph should be changed from "thing" to "project" . Mr .
Blakey requested the spelling of his name in item two (2 ) be
corrected. Mr . Raymond Cooper made a motion that the
minutes of the May 14 , 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 $134 ,937 .26 . Sales tax received in
May was $21,083 . 64 , interest received was $521 .73 and
expenditures in the amount of $50 .00 to the City of Wylie
and in the amount of $1, 545 .00 to Rucker Insurance Agency
for the fidelity bond. John Yeager made a motion that the
report be approved as read. The motion was seconded by
Raymond Cooper . The report was unanimously approved .
DISCUSS AND CONSIDER LONE STAR CIRCUITS AND OPTIONS TO KEEP
THEM IN WYLIE: Discussion was made as to the reasons and
possible reasons that Lone Star Circuits wished to move out
of Wylie. The Board has had no direct contact with the
owner . This item was for discussion only.
DISCUSS AND CONSIDER COMPUTER PROGRAM THAT GTE IS MAKING
AVAILABLE TO THE DEVELOPMENT CORPORATION: Gte is making
available to the Chamber of Commerce Economic Development
Board and to the Development Corporation of Wylie a program
called "Forte" . Ways in which it could be used by the
Chamber of Commerce, the Development Corporation and the
City was discussed. This item was for discussion only.
DISCUSS AND CONSIDER UPDATE REPORT ON JOHNSTON 'S BUILDING:
Mr . Jim Smith gave an updated report on the possible sale
and occupancy of the Johnston' s Building. This item was for
discussion only.
RECESS REGULAR MEETING:
WORKSHOP DISCUSSION OF GOALS AND OBJECTIVES: Mayor John
Akin approached the board about the Resolution passed by the
the City Council and given to the board requesting their
assistance in acquiring easements for right-of-way to
facilitate the widening of State Highways 78 and 544 . The
Mayor also approached the board about assistance in the
National Guard Armory Project if Centennial Homes refuses to
come through with their earlier promises .
RECONVENE OPEN MEETING
There being no other matters of business for discussion, a
motion was made by John Yeager to adjourn and seconded by
James Blakey. The motion carried with all in favor .
Minutes of the June 11, 1991 regular meeting approved by the
Board of Directors at its meeting on July 9 , 1991 .
Barton Peddicord, Secre - easurer