08-11-1992 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
August 11, 1992
The Directors of the Development Corporation of Wylie, Inc. met
in regular session at 4:00 P.M. on Tuesday, August 11, 1992 in
the Development Corporation's office 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; James Blakey, Vice President; John Yeager,
Secretary Treasurer and members John Tobin and John Mondy.
Executive Director Charlie Womack, Mayor John Akin and City
Manager Steve Norwood were also present. In attendance from the
City Staff was Anita Collins and Barbara LeCocq.
Jim Smith called the meeting to order.
DISCUSS AND CONSIDER APPROVAL OF MINUTES OF August 11, 1992
REGULAR MEETING : A correction was made - James Blakey not John
Yeager made the motion to approve the minutes. With this
correction being made John Yeager made a motion that the minutes
be approved, seconded by James Blakey. The motion carried with
all in favor.
DISCUSS AND CONSIDER APPROVAL OF TREASURER'S REPORT: The
Treasurer's Report (See attached report at the end of these
minutes) reported the following:
Balance as of June 30, 1992 $325,357.71
July Revenues 14,577.02
August Expenses 2,418.00
Petty Cash 455.95
Balance as of July 31, 1992 $337,972.68
James Blakey made a motion that the treasurer's report be
accepted as written, seconded by James Blakey. The motion
carried with all in favor.
OATH OF OFFICE FOR NEW MEMBER: City Secretary Carolyn Jones gave
the oath of office to new member John Monday, and reappointed
member John Yeager.
REPORT FROM EXECUTIVE DIRECTOR:
A) Update on Physician's Regional Hospital - Mr. Womack
gave the board an update on the hospital financial status.
The board inquired if the hospital has any lawsuits - they
have one possible lawsuit.
B) Update on Master Brake Service, Inc. - Mr. Womack
reported on the current status of this possible relocation
and they we will be receiving further financial papers from
Master Brake Service, Inc. and its' owners.
C) Update on Development of New Industrial Site - a report
was made on this.
RECESS OPEN MEETING:
CONVENE TO WORKSHOP TO DISCUSS GOALS AND OBJECTIVES: The board
discussed the pros and cons of building a small hotel. Holding a
political barbecue to better our political clout was discussed.
The board's participation in paying impact fees was a topic of
discussion. The board also discussed the various ways the Video
could be used.
RECONVENE REGULAR MEETING:
CITIZEN PARTICIPATION: None
There being no other business for discussion a motion was made
and seconded that the meeting be adjourned.
Minutes of the August 11, 1992, regular meeting approved by the
Board of Directors at its meeting on September 8, 1992.
J Smith, President
PREPARED BY :
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Anita Collins