08-13-1991 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
August 13 , 1991
The Directors of the Development Corporation of Wylie, Inc.
met in regular session at 4 : 00 P.M. on Tuesday, August 13 ,
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
John Tobin .
Jim Smith called the meeting to order .
APPROVAL OF MINUTES OF JULY 9, 1991 , JULY 18, 1991 AND
AUGUST 5, 1991 : A correction to the August 5, 1991 minutes
was made. Item number three (3) "Discuss and Consider
Requesting Authorization from the City Council to Amend By-
Laws to Include a Section for Duties of the Secretary" was
left off the minutes. James Blakey made a motion that the
board request authorization from the Council to make this
amendment to the bylaws , the motion was seconded by Bart
Peddicord . The motion carried with all in favor . John
Yeager made the motion that these minutes be approved with
the above correction . James Blakey seconded the motion .
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 $158 ,390 .29 , sales tax received in
July was $11,981 .07 , interest received was $676 . 74 and
expenditures in the amount of $50 .00 to the City of Wylie. A
motion was made by John Tobin to approve the report. The
motion was seconded by John Yeager . The report was
unanimously approved.
DISCUSS AND CONSIDER APPROVAL FOR PAYMENT OF INVOICE FROM
WYLIE PRINTING AND OFFICE SUPPLIES IN THE AMOUNT OF $7 .00 :
This was for purchase of a name badge for John Tobin . John
Tobin made a motion that this item be approved. The motion
was seconded by John Yeager . The vote was unanimous .
DISCUSS AND CONSIDER APPROVAL TO REIMBURSE BART PEDDICORD
FOR PURCHASE OF POSTAGE STAMPS: John Tobin made a motion
that we reimburse Bart Peddicord for the stamps. James
Blakey seconded the motion. The vote was unanimous .
DISCUSS AND CONSIDER PREPARATION OF ANNUAL PLAN: Discussion
was made as to the preparation and wording of the formal
annual plan . The final copy to be presented for vote at the
next regular scheduled meeting .
RECESS REGULAR MEETING:
WORKSHOP DISCUSSION OF GOALS AND OBJECTIVES: Goals and
objectives were discussed .
RECONVENE OPEN MEETING
There being no other matters of business for discussion, a
motion was made by Bart Peddicord to adjourn and seconded
by John Yeager . The motion carried with all in favor .
Minutes of the August 13 , 1991 regular meeting approved by
the Board of Directors at its meeting on September 10 , 1991 .
Barton Peddicord , Secretary-Treasurer