02-25-1992 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE , INC .
MINUTES
February 25 , 1992
The Directors of the Development Corporation of Wylie , Inc .
met in a called session at 4 : 30 P .M. on Tuesday , February
25 , 1992 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 member John Yeager . John
Tobin was out due to a death in the family . Also present
were the Executive Director , Charlie Womack, Mayor John W.
Akin and City Manager Steve Norwood . Anita Collins from the
City Staff was present .
Jim Smith called the meeting to order .
DISCUSS AND CONSIDER ASSISTANCE TO HOLLAND HITCH FOR
EXPANSION: President Jim Smith explained to those present
the letters he had received from Larry Nulf at Holland Hitch
requesting the Board's assistance in their expansion . They
were requesting $28 , 656 in order to facilitate a $700 , 000
expansion improvement to their plant . Mayor Akin gave a
presentation on the history of Holland Hitch and how the
City , the Chamber and even the business had worked together
to bring Holland Hitch to Wylie . City Manager made a
statement regarding his meeting with Mr . Nulf . Executive
Director Charlie Womack made a statement regarding his
feelings on this . John Yeager made a motion that we grant
Holland Hitch $28 , 000 for the expansion of their current
facilities which will create approximately four to six new
jobs and that the $28 , 000 is approximately 4% of the total
cost of the expansion and will be paid upon completion of
the expansion . Motion seconded by James Blakey . The motion
carried with all in favor .
There being no other matters of business for discussion , a
motion was made by Bart Peddicord to adjourn. Seconded by
John Yeager . The motion carried with all in favor .
Minutes of the February 25 , 1992 called meeting approved by
the Board of Directors at its meeting on March 10 , 1992 .
Barton Peddicord , Secretary-Treasurer
PREPARED BY :
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Anita Collins
STATUS REPORT FROM CHARLIE WOMACK, EXECUTIVE DIRECTOR: Mr .
Womack was not present due to a prior commitment . Jim Smith
presented a status report , from Mr . Womack, to each board
member . This report detailed his contacts and their present
status .
DISCUSS AND CONSIDER VIDEO TAPE TO PROMOTE WYLIE: Contacts
with companies that produce these videos resulted in prices
ranging from $30 , 000 to $50 , 000 . City Manager , Steve
Norwood stated that he has had some experience in working
with Michael Brown Productions and they could probably
produce this for around $ 1 , 000 - $ 1 , 200 a finished minute .
Mr . Norwood is going to contact Michael Brown Productions
regarding a video promoting the City of Wylie .
RECESS OPEN MEETING:
CONVENE TO WORKSHOP TO DISCUSS GOALS AND OBJECTIVES: Bart
Peddicord stated that we had received a bill for $625 .00
from the auditors and that on the next agenda we needed to
have a budget amendment for $125 . 00 since we had budgeted
for only $500 . 00 .
RECONVENE REGULAR MEETING:
CITIZEN PARTICIPATION:
No citizen participation
ADJOURN
There being no other matters of business for discussion , a
motion was made and seconded to adjourn this meeting . The
motion carried with all in favor .
Minutes of the March 10, 1992 , regular meeting approved by
the Board of Directors at its meeting on April 14 , 19922 .
Barton Peddicord , Secretary-Treasurer
PREPARED BY :
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Anita Collins