07-18-2018 (WEDC) Agenda Packet l.'
=t� TICS ! F F,ETIN G
Wylie Economic Development
CORPORATION
Regular eeting Agenda
July 18, 2018—6:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78 —Wylie, Texas
Marvin Fuller...... ......... ......... ......... ........ .......... ........President
Todd Wintters Vice President
John Yeager Secretary
Demond Dawkins .....,,.. ......... . ......:.. .......,. ......,.. Treasurer
Bryan Brokaw..,,.. ......... ........ ......... ......... .......:,. ......:; .Board Member............
Mayor Eric Hogue Ex-Officio Member
Mindy Manson,City Manager Ex-Officio Member
Samuel Satterwhite......... ......... Executive Director
Jason Greiner...... . ....... .......:. .............. .. ... . ......... ........;... ......Assistant Director
Angel Wygant.... . .. .....:.. .. ............ ........... .. .. ..:: .....,. : ......... ...........Senior Assistant
In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie
Municipal Complex, distributed to the appropriate news media, and posted on the City Website: www inzlieterov ggv
within the required time frame.
CALL TOO ` )ER
Announce the presence of a Quorum.
CITIZEN PARTICIPATION
Residents may address the WEDC Board regarding an item that is or is not listed on the agenda. Residents must
provide their name and address. The WEDC Board requests that comments be limited to three (3) minutes. In
addition, the WEDC Board is not allowed to converse, deliberate or take action on any matter presented during citizen
participation.
ACTION ITEMS
I. Consider and act upon approval of the June 12, 2018 Minutes of the WEDC Board of
Directors Meeting.
II. Consider and act upon approval of the June 2018 WEDC Treasurer's Report.
III. Consider and act upon authorizing the WEDC Executive Director to execute a contract for
alley improvements generally located east of Ballard Street between Jefferson Street and
Brown Street.
IV. Consider and act upon issues surrounding principal reduction payments toward a loan(s)
between the WEDC and The American National Bank of Texas.
V. Consider and act upon a work order between the WEDC and W&M Environmental to address
environmental issues located at 802 W. Kirby.
WEDC—Agenda
July 18, 2018
Page 2 of 3
VI. Consider and act upon approval of the FY 2018-2019 WEDC Budget.
VII. Consider and act upon issues surrounding the Election of WEDC Officers.
VIII. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC
Board of Directors for 2018-2019.
IX. Consider and act upon a First Amendment to Performance Agreement between the WEDC
and Dank Real Estate, Ltd.
X. Consider and act upon a Performance Agreement between the WEDC and Taylor & Son
Properties, LLC.
DISCUSSION ITEMS
XI. Staff report: review issues surrounding WEDC Performance Agreement Summary,
Environmental Activity Summary, REVA Hospitality, Sanden/Hensley roadway
improvements, Aerials, KCS Strategic Partners Conference, WEDC website, public
information requests, active project summary, and regional housing starts.
XII. Discuss issues surrounding approval requirements and reporting practices between the
WEDC and Wylie City Council.
XIII. Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial
consideration/discussion allowed).
EXECUTIVE SESSION
Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code,
to wit:
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located at:
• Oak&Jackson
• State Highway 78 and Sanden Blvd.
• State Highway 78 & 5th Street
Section 551.087(Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated(Open Meetings Act). Deliberation regarding commercial or financial information that
the WEDC has received from a business prospect and to discuss the offer of incentives for:
• Project 2018-4a
• Project 2018-5a
• Project 2018-6a
• Project 2018-6b
• Project 2018-6c
• Project 2018-7a
WEDC—Agenda
July 18, 2018
Page 3 of 3
Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
• Performance Evaluation and Merit Increases for WEDC Staff.
' CONVENE INTO OPEN MEETING
ADJOU MENT
CERTIFICATION
I cert6 that this Notice of Meeting was posted on this 13" day of July 2018 at 5:00 p.m. as required by law in
accordance with Section 551.042 of the Texas Government Code and that the appropriate news media was contacted
As a courtesy, this agenda is also posted on the City of Wylie website:
Stephanie Storm,City Secretary Date Notice Removed
Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Tuesday, June 12, 2018 —6:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78 —Wylie, Texas
CALL TOO ' I ER
Announce the presence of a Quorum
President Marvin Fuller called the meeting to order at 6:32 a.m. Board Members present were
John Yeager, Bryan Brokaw, Todd Wintters, and Demond Dawkins.
Ex-officio member Mayor Eric Hogue was present.
WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner,
and Senior Assistant Angel Wygant.
CITIZEN PARTICIPATION
With no citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the May 16, 2018 Minutes of the Wylie
Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Bryan Brokaw and seconded by
John Yeager to approve the May 16, 2018 Minutes of the Wylie Economic
Development Corporation. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
ITEM NO.2—Consider and act upon approval of the May 2018 WEDC Treasurer's Report.
Staff reviewed the items contained in the Treasurers Report and called the Board's attention to the
4% increase in sales tax this month. While this is encouraging, staff will continue to monitor for
any budget adjustments that might be necessary.
In reviewing the Balance Sheet Subledger, the Board discussed paying off outstanding loans
following the sale of property to SCSD-Finnell, Ltd. which is scheduled to close in June. The
Board directed Staff to payoff loans 88148481 and 88157334 and apply $300,000 to principal
reduction of loan 88149711.
MOTION: A motion was made by Demond Dawkins and seconded by
John Yeager to approve the May 2018 Treasurer's Report for the Wylie
Economic Development Corporation. The WEDC Board voted 5 —FOR and
0—AGAINST in favor of the motion.
WEDC—Minutes
June 12, 2018
Page 2 of 4
ITEM NO.3—Consider and act upon authorizing WEDC President Marvin Fuller to execute
all documentation necessary to effectuate the sale of Lot 4RB within Railroad Industrial
Park Addition, consisting of 1.569 acres, to SCSD-FINNELL, Ltd along with all documents
contemplated within the Purchase and Sale Agreement executed on January 10, 2018
between SCSD-FINNELL, Ltd and the WEDC.
Staff reviewed that the WEDC entered into a Purchase and Sale Agreement with SCSD-FINNELL,
LTD on January 10,2018 for the sale of 1.54 acres to be developed with a proposed 10,000 square
foot multi-tenant building. Staff also called the Board's attention to the recorded plat showing the
subdivided Lot 4RB of 1.569 acres out of the original 3.014 acres owned by the WEDC.
As per the agreed upon square foot price, the total sales price will be $1,367,060 prior to closing
expenses.
As negotiated within the Purchase and Sale Agreement, and part of the presented Performance
Agreement, Finnell will receive a $25,000 reimbursement incentive should a building permit be
issued no later than 12-31-18 and a 10,000 square foot multi-tenant structure be substantially
complete no later than 10-1-19. Further,Finnell will receive an additional$50,000 reimbursement
incentive should a 60% lease ratio of restaurant users be achieved within 30 months of closing.
However,should Finnell not achieve a minimum 53%lease ratio within the same 30-month period,
Finnell will be subject to a penalty of$125,000 as secured by a Deed of Trust.
Within the Performance Agreement, staff recommended two changes: (1) Page 2, Section 3a
"...applied to obtain a building permit..."will be amended to"obtained a building permit"and(2)
Page 4, Section 10 "...at the sole reasonable discretion..." will be amended to "the sole
discretion".
Staff recommended that the WEDC Board of Directors authorize WEDC President Marvin Fuller
to execute all documentation necessary to effectuate the sale of Lot 4RB within Railroad Industrial
Park Addition, consisting of 1.569 acres, to SCSD-FINNELL, Ltd along with all documents
contemplated within the Purchase and Sale Agreement executed on January 10, 2018 between
SCSD-FINNELL, Ltd and the WEDC.
MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to
authorize WEDC President Marvin Fuller to execute all documentation, as
amended, necessary to effectuate the sale of Lot 4RB within Railroad
Industrial Park Addition, consisting of 1.569 acres, to SCSD-FINNELL, Ltd
along with all documents contemplated within the Purchase and Sale
Agreement executed on January 10,2018 between SCSD-FINNELL,Ltd and
the WEDC. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of
the motion.
ITEM NO. 4—Consider and act upon issues surrounding the provision of WEDC assistance
toward infrastructure improvements to be made by Taylor and Son Properties, LLC
benefiting property located at 107 N. Jackson Avenue.
WEDC—Minutes
June 12, 2018
Page 3 of 4
As directed by the Board in the May 16th Board Meeting, staff approached Taylor & Son to
encourage the maximum amount of parking spaces be developed at the 1,290 square foot remodel
taking place by Taylor at their new 107 Jackson Street acquisition. Staff was able to confirm that
with WEDC assistance, Taylor will provide seven parking spaces behind the building.
Using the rationale that a minimum of three spaces contemplated by Taylor could be constructed
and meet reasonable parking requirements, staff proposed that the WEDC fund 50% of the cost
associated with maximizing the parking on the lot which would add four additional spaces. The
thought is that the WEDC/downtown business district and Taylor are both benefitting from the
additional parking and the WEDC shares in the cost.
Taylor indicated that the additional 4 spaces will cost $6,400 with staff proposing to fund $3,200
for reimbursement of expenses associated with the qualified infrastructure.
Staff recommended that the WEDC Board of Directors authorize the Executive Director to enter
into a Performance Agreement with Taylor and Son Properties, LLC to provide up to $3,200 in
reimbursements for qualified infrastructure assistance.
MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to
authorize the Executive Director to enter into a Performance Agreement with
Taylor and Son Properties, LLC to provide up to $3,200 in reimbursements
for qualified infrastructure assistance. The WEDC Board voted 5 —FOR and
0—AGAINST in favor of the motion.
DISCUSSION ITEMS
ITEM NO. 5 - Staff report: Staff reviewed issues surrounding WEDC Performance
Agreement Summary, Environmental Activity Summary, REVA Hospitality, Dank Real
Estate, LP, FY 2018 — 2019 Budget, ' K Properties, ICSC 2018, and regional housing
starts
Staff updated the Board on WEDC activities and properties noting a delay in the construction start
date for Dank Real Estate, LP's expansion of their Gourmet Popcorn manufacturing plant.
Activity has resumed and staff is working this Dank to identify a revised start date. In addition,
staff informed the Board of a minor modification that was made to JRMK Properties Performance
Agreement prior to payment of the incentive. Due to client confidentiality issues, JRMK objected
to allowing an audit of company records or providing documentation for the file. Staff reviewed
the required documentation in JRMK's offices and was satisfied that the required performance
measures had been met and verified.
ITEM NO. 6 —Discussion of issues to be placed on a future WEDC Board Meeting agenda
(no substantial consideration/discussion allowed).
No Board Member requested any items to be placed on future Agendas.
WEDC—Minutes
June 12, 2018
Page 4 of 4
EXECUTIVE SESSION
Recessed into Closed Session at 7:16 a.m. in compliance with Section 551.001, et.seq. Texas
Government Code, to wit:
Section 551.072 - (Real Estate) of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act). Consider the sale or acquisition of properties located near
the intersection of:
• Oak& Ballard
• Birmingham& 78
• Project 10-7
Section 551.087 - (Economic Development) of the Local Government Code, Vernon's Texas
Code Annotated (Open Meetings Act). Deliberation regarding commercial or financial
information that the WEDC has received from a business prospect and to discuss the offer
of incentives for:
• Project 2018-4b
• Project 2018-4c
• Project 2018-5a
• Project 2018-6a
• Project 2018-6b
• Project 2018-6c
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 8:27 a.m. and took no action.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 8:27 a.m.
Marvin Fuller, President
ATTEST:
Samuel Satterwhite, Director
ylie Econo ic 1 evelop ent Corporation
E O - A DU
TO: Samuel Satterwhite, Executive Director
FROM: Angel Wygant, Senior Assistant
SUBJECT: June 2018 Treasurer's Report
DATE: July 10, 2018
Issue
Consider and act upon approval of the June 2018 WEDC Treasurer's Report.
Analysis
From the Balance Sheet,page 1:
Deposits - $2,000. This amount reflects a $2,000 deposit paid to Wylie Industrial Court for the
current location of the WEDC office.
Account Rec — Forgivable Loans - $210,000. This figure represents the loan made to Exco
Extrusion Dies in the amount of$350,000. The first 2 loan payments were forgiven on February
24, 2017 and February 24, 2018 respectively, in accordance with the terms of the Performance
Agreement. Assuming Exco remains in compliance, the remaining 3 loan payments will be
forgiven in equal amounts of$70,000 on an annual basis effective February 24th.
Deferred Outflows - $713,000. This is a total of incentive payments which are due in the future.
A breakdown of these charges includes: B & B Theatres - $25,000, Exco Extrusion Dies —
$40,000, REVA Hospitality- $100,000, DCU - $100,000, DANK Real Estate - $83,000,
MIKTEN - $20,000, Cross Development - $250,000, Hooper-Woodbridge - $20,000, SCSD-
Finnell - $75,000.
Balance Sheet,page 2:
Deferred Inflow - $117,000. This figure represents the Exco Extrusion Dies forgivable loan
which will be reduced by $39,000 annually over a 5-year period. The annual $39,000 amount
represents one fifth of the $195,000 gain that would have occurred if the loan forgiveness were
not in place ($350,000 - $155,000 = $195,000). The first and second payments of$39,000 were
forgiven on 2-24-17 and 2-24-18, respectively, with three payments remaining.
WEDC June 2018 Treasurers Report
July 10, 2018
Page 2 of 2
Revenue and Expense Report,page 2:
Rental Income — $1,700. Delta-E - $800, Helical Concepts - $400, Richmond Hydromulch -
$500.
Gain/(Loss) Sale of Capital Asset - $261,116.11. This represents the gain from the sale of the
second Hwy 78 lot to SCSD-Finnell ($1,260,271.30 net proceeds less cost basis of$999,155.23).
Revenue and Expense Report,page 3:
Office Supplies - $443.37. Letterhead and stationary ($329.73), Photography Mounting
($113.64).
Potage& Freight - $7.83. Reva Notification.
Food Supplies - $167.35. WEDC Board Meeting Meals ($73.02), Ofc Luncheon($94.33).
Computer Hardware/ Software—$39. Charger Replacement - Satterwhite.
Incentives - $56,832.73. Woodbridge Crossing Sales Tax Reimbursement.
Special Services — $3,552. Sales Tax Report ($2,610), Qrtly Pest Control ($95), Mowing
($429.50), Janitorial Service ($157.50).
Advertising - $7,220. In & Around -June ($1,595), Connection — June/July ($1,500), Wylie
News ($275), TEDC Award Application Fee ($100), DBJ ($3,750).
Travel & Training — $4,607.49. TEDC Mid-Year Reg. — Greiner ($350), ICSC-Greiner
($1,620.56), InvenTrust Mtg-Air-Satterwhite ($287.96), ICSC-Brokaw ($859.41), ICSC-011ie
($573.69), ICSC-Hogue ($167.80), Prospect Recruitment ($499.92), Prospect Recruitment -
Meals ($45.92), Prospect Recruitment-Taxi ($57.28), Bus Mtg/Project. Updates ($144.95).
Dues & Subscriptions - $1,130.67. IEDC Dues ($420), Club Corp Dues ($710.67).
Recommendation
Staff recommends that the WEDC Board of Directors approve the June 2018 Treasurer's Report.
Attachments
June 2018 Treasurer's Report
Sales Tax Revenue
Wylie Economic Development Corporation
Statement of Net Position
As of June 30,2018
Assets
Cash and cash equivalents $ 1,772,127.53
Receivables $ 210,000.00 Note 1
Inventories $ 7,903,774.60
Prepaid Items $
Total Assets $ 9,885,902.13
Deferred Outflows of Resources
Pensions $ 66,481.55
Total deferred outflows of resources $ 66,481.55
Liabilities
Accounts Payable and other current liabilities $ 114,577.14
Unearned Revenue $ 120,000.00 Note 2
Non current liabilities:
Due within one year $ 537,520.47 Note 3
Due in more than one year $ 3,535,515.61
Total Liabilities $ 4,307,613.22
Deferred Inflows of Resources
Pensions $ (2,839.41)
Total deferred inflows of resources $ (2,839.41)
Net Position
Net investment in capital assets $
Unrestricted $ 5,647,609.87
Total Net Position $ 5,647,609.87
Note 1: Includes incentives in the form of forgivable loans for$210,000.00
Note 2: Exco amortization;deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$63,028
Note 4: The WEDC provides monetary incentives to companies to relocate/expand within
the City of Wylie. At June 30,2018,these commitments totaled$713,000
7-11-2018 05:10 PM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: JUNE 30TH, 2018
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
ASSETS
1000-10110 CLAIM ON CASH & CASH EQUIV 1,770,127.53
1000-10115 CASH - WEDC - INWOOD 0.00
1000-10135 ESCROW 0.00
1000-10180 DEPOSITS 2,000.00
1000-10198 OTHER - MISC CLEARING 0.00
1000-10341 TEXPOOL 0,00
1000-10343 LOGIC 0.00
1000-10481 INTEREST RECEIVABLE 0.00
1000-11511 ACCTS NEC - MISC 0.00
1000-11517 ACCTS REC - SALES TAX 0.00
1000-12810 LEASE PAYMENTS RECEIVABLE 0.00
1000-12950 LOAN PROCEEDS RECEIVABLE 0.00
1000-12996 LOAN RECEIVABLE 0.00
1000-12997 ACCTS NEC - JTM TECH 0.00
1000-12998 ACCTS NEC - FORGIVEABLE LOANS 210,000,00
1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00
1000-14116 INVENTORY - LAND & BUILDINGS 7,903,774.60
1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00
1000-14310 PREPAID EXPENSES - MISC 0.00
1000-14410 DEFERRED OUTFLOWS 713,000.00
10,598,902.13
TOTAL ASSETS 10,598,902.13
IJABILITIES
2000-20110 FEDERAL INCOME TAX PAYABLE 0,00
2000-20111 MEDICARE PAYABLE 0.00
2000-20112 CHILD SUPPORT PAYABLE 0.00
2000-20113 CREDIT UNION PAYABLE 0.00
2000-20114 IRS LEVY PAYABLE 0.00
2000-20115 NATIONWIDE DEFERRED COMP 0.00
2000-20116 HEALTH INSUR PAY-EMPLOYEE I 0,05)
2000-20117 TMRS PAYABLE 0,00
2000-20118 ROTH IRA PAYABLE 0.00
2000-20119 WORKERS COMP PAYABLE 0.00
2000-20120 FICA PAYABLE 0.00
2000-20121 TEC PAYABLE 0.00
2000-20122 STUDENT LOAN LEVY PAYABLE 0,00
2000-20123 ALIMONY PAYABLE 0,00
2000-20124 BANKRUPTCY PAYABLE 0.00
2000-20125 VALIC DEFERRED COMP 0.00
2000-20126 ICMA PAYABLE 0.00
2000-20127 EMP. LEGAL SERVICES PAYABLE 0,00
2000-20130 FLEXIBLE SPENDING ACCOUNT 1,374.96
2000-20131 EDWARD JONES DEFERRED COMP 0.00
2000-20132 EMP CARE ELITE 12.00
2000-20151 ACCRUED WAGES PAYABLE 0.00
2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00
2000-20199 MISC PAYROLL PAYABLE 0,00
7-11-2018 05:10 PM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: JUNE 30TH, 2018
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
2000-20201 AP PENDING 5,116.08
2000-20210 ACCOUNTS PAYABLE 108,026.15
2000-20530 PROPERTY TAXES PAYABLE 0.00
2000-20540 NOTES PAYABLE 713,000.00
2000-20810 DUE TO GENERAL FUND 0.00
2000-22270 DEFERRED INFLOW 117,000.00
2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00
2000-22280 DEFERRED INFLOW - LEASE INT 0.00
2000-22915 RENTAL DEPOSITS 3,000.00
TOTAL LIABILITIES 947,577.14
EQUITY
3000-34110 FUND BALANCE - RESERVED 0.00
3000-34590 FUND BALANCE-UNRESERV/UNDESIG 9,727,718.57
TOTAL BEGINNING EQUITY 9,727,718.57
TOTAL REVENUE 1,778,478.57
TOTAL EXPENSES 1,854,872.15
REVENUE ovER/((JNDER) EXPENSES 76,393.58)
TOTAL EQUITY & OVER/(UNDER) 9,651,324.99
TOTAL LIABILITIES, EQUITY 6 OVER/(UNDER) 10,598,902,13
7-11-2018 05:10 PM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF JUNE 30TH, 2018
922-GEN LONG TERM DEBT (WEDC)
ACCOUNT# TITLE
ASSETS
1000-10312 GOVERNMENT NOTES 0.00
1000-18110 LOAN - WEDC 0.00
1000-18120 LOAN - BIRMINGHAM 0.00
1000-18210 AMOUNT TO BE PROVIDED 0.00
1000-18220 BIRMINGHAM LOAN 0.00
1000-19050 DEF OUTFLOW - CONTRIBUTIONS 27,922.29
1000-19075 DEF OUTFLOW - INVESTMENT EXP 34,333.48
1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 4,225.78
1000-19125 (GAIN)/LOSS ON ASSUMPTION CHG( 2,839.41)
63,642.14
TOTAL ASSETS 63,642.14
LIABILITIES
2000-20310 COMPENSATED ABSENCES PAYABLE 90,879.88
2000-20311 COMP ABSENCES PAYABLE-CURRENT 0.00
2000-21410 ACCRUED INTEREST PAYABLE 4,847.65
2000-28205 WEDC LOANS/CURRENT 469,644.82
2000-28220 BIRMINGHAM LOAN 0.00
2000-28230 INWOOD LOAN 0.00
2000-28232 AND LOAN/EDGE 0.00
2000-28233 ANB LOAN/PEDDICORD WHITE 486,231,80
2000-28234 ANB LOAN/RANDACK HUGHES 0.00
2000-28235 ANB LOAN 0.00
2000-28236 AND CONSTRUCTION LOAN 0.00
2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 401,725,96
2000-28238 AND LOAN/BUCHANAN 79,151.81
2000-28239 ANB LOAN/JONES:HOBART PAYOFF 95,009.40
2000-28240 HUGHES LOAN 0.00
2000-28245 ANB LOAN/DALLAS WHIRLPOOL 2,000,000.00
2000-28247 JARRARD LOAN 256,732.59
2000-28250 CITY OF WYLIE LOAN 0.00
2000-28260 PRIME FUTS LOAN 0.00
2000-28270 DOWLAND/ANDERSON LOAN 0.00
2000-28280 CAPITAL ONE CAZAD LOAN 0.00
2000-28290 HOBART/COMMERCE LOAN 0.00
2000-29150 NET PENSION LIABILITY 188,812,17
TOTAL LIABILITIES 4,073,036.08
EQUITY
3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 4,368,437.30)
3000-35900 UNRESTRICTED NET POSITION 114,969.00)
TOTAL BEGINNING EQUITY ( 4,483,406.30)
TOTAL REVENUE 0.00
TOTAL EXPENSES 474,012.36)
7-11-2018 05:10 PM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: JUNE 30TH, 2018
922-GEN LONG TERM DEBT (WEDC)
ACCOUNTit TITLE
REVENUE OVER/(UNDER) EXPENSES 474,012.36
TOTAL EQUITY & OVER/(UNDER) ( 4,009,393.94)
TOTAL LLABILITIES, EQUITY & OVER/(UNDER) 63,642.14
7-11-2018 05:13 PM CITY OF WYLIE PAGE: 1
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS or JUNE 30TH, 2018
Ill-WYLIE ECONOMIC DEVEL CORP
FINANCIAL SUMMARY
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 5 OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
REVENUE SUMMARY
....,...._ ,..„
TAXES 2,831,474.00 199,412.29 0.00 1,401,868.98 0.00 1,429,605.02 49.51
INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0,00 0.00 0.00
INTEREST INCOME 14,957.88 241.96 0.00 58,678.27 °AO ( 43,720.39) 392.29
MISCELLANEOUS INCOME 1,606,020.00 263,816.11 0.00 317,931.32 0.00 1,288,088.68 19.80
OTHER FINANCING SOURCES 0.00 0.00 000 0.00 0.00 0.00 0.00
TOTAL REVENUES 4,452,451.88 463,470.36 0.00 1,778,478.57 0.00 2,673,973.31 39.94
EXPENDITURE SUMMARY
DEVELOPMENT CORP-WEDC 4,859,25900 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19
TOTAL EXPENDITURES 4,859,259.00 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19
REVENUE OVER/(UNDER) EXPENDITURES ( 406,807,12) 291,509.66 0.00 ( 76,393.58) ( 1,000.00) ( 329,413.54) 19.02
7-11-2018 05:13 PM CITY OF WYLIE PAGE: 2
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: JUNE 30TH, 2018
111-WYLIE ECONOMIC DEVEI, CORP
REVENUES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET o OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
TAXES
4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-40210 SALES TAX 2,831,474.00 199,412.29 0.00 1,401,868:98 0.00 1,429,605.02 49.51
TOTAL TAXES 2,831,474.00 199,412.29 0.00 1,401,868.98 0.00 1,429,605.02 49.51
INTERGOVERNMENTAL REV.
4000 43518 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 -0.00 0.00 0.00
INTEREST INCOME
.....................
4000-46050 CERTIFICATE OF DEPOSIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-46110 ALLOCATED INTEREST EARNINGS 3,000.00 241.96 0.00 3,125.55 0.00 (.. 125.55) 104.19
4000-46140 TEXPOOL INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-46143 LOGIC INTEREST 0.00 0.00 000 0.00 0.00 0.00 0.00
4000-46150 INTEREST EARNINGS 2,502.66 0.00 0.00 1,205.16 0.00 1,297.50 48.16
4000-46160 LOAN REPAYMENT (PRINCIPAL) 9,455.22 0.00 0.00 54,347.56 0.00 ( 44,892.34) 574.79
4000-46210 BANK MONEY MARKET INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INTEREST INCOME 14,957.88 �-�_241.96 ..
0.00 SB,678.?7 0.00 ( 93,720.39) 392.29
MISCELLANEOUS .INCOME
4000 48110 RENTAL INCOME 103,200.00 1,700.00 0.00 86,815.00 0.00 16,385.00 84.12
4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0,00 0.00 0.00 0.00 0.00
4000-48410 MISCELLANEOUS INCOME 0.00 1,000.00 0,00 1,000.21 0.00 ( 1,000.21) 0.00
4000-48430 GAIN/(LOSS) SALE OF CAP ASS 1,502,820.00 261,116.11 0.00 230,116.11 0.00 1,272,.703.89 15.31
TOTAL MISCELLANEOUS INCOME 1,606,020.00 263,816.11 0.00 317,931.32 0.00 1,288,088.68 19.80
OTHER FINANCING SOURCES
4000 49160 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-49325 BANK NOTE PROCEEDS 0,00 0.00 0.00 0.00 0n00 0,00 0.00
4000-49550 LEASE PRINCIPAL PAYMENTS (0 000 0.00 0.00 0.00 0,00 0,00 0,00
4000-49600 INSURANCE RECOVERIES 0.00 0.00 0.00 0.00 0,00 0.00 0.00
TOTAL OTHER FINANCING SOURCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAI, REVENUES 4,452,451.88 463,470.36 0.00 1,778,478.57 0.00 2,673,973.31 39.94
7-11-2018 05:13 PM CITY OF WYLIE PAGE: 3
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: JUNE 30TH, 2018
111-WYLIE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 8 OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
....
PERSONNEL SERVICES
5611-51110 SALARIES 284,473.00 21,833.46 0,00 202,571.70 0.00 81,901.30 71.21
5611-51130 OVERTIME 0.00 0.00 0,00 0.00 0,00 0.00 0.00
5611-51140 LONGEVITY PAY 1,309.00 0.00 0.00 1,300.00 0,00 9.00 99.31
5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-51160 CERTIFICATION INCENTIVE 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-51210 CAR ALLOWANCE 12,600.00 969.26 0.00 9,000.27 0,00 3,599.73 71.43
5611-51220 PHONE ALLOWANCE 4,656.00 0,00 0.00 3,492.00 0,00 1,164.00 75.00
5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0,00 0.00 0.00 0.00 0.00
5611-51260 MOVING ALLOWANCE 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-51310 TNRS 44,996.00 3,494.13 0,00 32,975.19 0.00 12,020.81 73.28
5611-51410 HOSPITAL & LIFE INSURANCE 36,671.00 3,056.56 0.00 28,363.44 0.00 8,307.56 77.35
5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0,00 0.00 0,00 0.00 0.00
5611-51420 LONG-TERM DISABILITY 1,622.00 167,88 0,00 820.99 0.00 793.01 51.11
5611-51440 FICA 18,500.00 1,370.54 0.00 10,494.50 0,00 8,005.50 56.73
5611-51450 MEDICARE 4,327.00 320.52 0.00 2,967.55 0.00 1,359.45 68.58
5611-51470 WORKERS COMP PREMIUM 786.00 0.00 0.00 419.48 0,00 366.52 53.37
5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 486.00 0.00 324.00 60.00
TOTAL PERSONNEL SERVICES 410,750.00 31,212.35 0.00 292,899.12 0.00 117,850.88 71.31
SUPPLIES
5611-52010 OFFICE SUPPLIES 16,140.00 493.37 0.00 6,952.64 0.00 9,687.36 39.98
5611-52040 POSTAGE & FREIGHT 980.00 7.83 0.00 151.38 0.00 828.62 15.45
5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 C.00 0.00 0.00 0.00 0.00
5611-52810 FOOD SUPPLIES 2,250.00 167.35 0.00 1,585.26 0.00 664.74 70.46
5611-52990 OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0,00
TOTAL SUPPLIES 19,370.00 618.55 0.00 8,189.28 0.00 11,180.72 42.28
MATERIALS FOR MAINTENANC
5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-54810 COMPUTER HARD/SOFTWARE 3,000.00 39.00 0.00 2,196.83 0,00 803.17 73.23
5611-54990 OTHER 5,000.00 0.00 0.00 0.00 0,00 5000.00 0.00
TOTAL MATERIALS FOR MAINTENANC 8,000.00 39.00 0.00 2,196.83 0.00 5,803.17 27.46
CONTRACTUAL SERVICES
5611-56030 INCENTIVES 987,069.00 56,832.73 0,00 545,697.11 0.00 441,371.89 55.28
5611-56040 SPECIAL SERVICES 276,276.00 3,552.00 0.00 232,350.82 1,000.00 42,925.18 64.46
5611-56080 ADVERTISING 146,355.00 7,220.00 0,00 38,234.00 0.00 108,121.00 26.12
5611-56090 COMMUNITY DEVELOPMENT 52,350.00 0.00 0.00 35,512.82 0.00 16,837.18 67.84
5611-56110 COMMUNICATIONS 9,936.00 512.78 0.00 6,812.17 0.00 3,123.83 68.56
5611-56180 RENTAL 29,328.00 2,449.70 0,00 24,253.68 0.00 5,074.32 82.70
5611-56210 TRAVEL & TRAINING 36,450.00 4,607.49 0.00 18,281.56 0.00 18,168.44 50.16
5611-56250 DUES & SUBSCRIPTIONS 29,598.00 1,130.67 0,00 21,672.91 0.00 7,925.09 73.22
5611-56310 INSURANCE 3,810.00 0.00 0.00 2,772.47 0.00 1,037.53 72.77
5611-56510 AUDIT & LEGAL SERVICES 33,000.00 0.00 0.00 27,231.73 0.00 5,768.27 82.52
5611-56570 ENGINEERING/ARCHITECTURAL 30,000.00 0.00 0.00 2,700.00 0.00 27,300.00 9.00
5611-56610 UTILITIES-ELECTRIC 4,900.00 0.00 0.00 2,322.46 0.00 2,577.54 47.40
TOTAL CONTRACTUAL SERVICES 1,639,072.00 76,305.37 0.00 957,841,73 1,000.00 680,230.27 58.50
7-11-2018 05:13 PM CITY OF WYLIE PAGE: 4
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: JUNE 30TH, 2018
111-WYLIE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
DEBT SERVICE & CAP. REPL
5611-57110 DEBT SERVICE 1,065,637.93 0.00 0,00 0.00 0,00 1,065,637.93 0.00
5611-57410 PRINCIPAL PAYMENT 804,320.52 50,931.12 0.00 474,031.56 0.00 330,288.96 58.94
5611-57415 INTEREST EXPENSE 139,877.55 12,854.31 0,00 119,713.63 0.00 20,163.92 85.58
5611-57710 BAD DEBT EXPENSE 0.00 0.00 0,00 0.00 0.00 0.00 0.00
TOTAL DEBT SERVICE & CAP. REPL 2,009,836.00 63,785.43 0.00 593,745.19 0.00 1,416,090.81 29.54
CAPITAL OUTLAY
5611-58110 LAND-PURCHASE PRICE 770,231.00 0.00 0.00 573,844.35 0.00 196,386.65 74.50
5611-58120 DEVELOPMENT FEES 0.00 0,00 0.00 0.00 0.00 0.00 0.00
5611-58150 LAND-BETTERMENTS 0.00 0,00 0,00 0.00 0.00 0.00 0.00
5611-58210 STREETS & ALLEYS 0.00 0,00 0,011 0,00 0.00 0.00 0.00
5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-58810 COMPUTER HARD/SOFTWARE 1,000.00 0,00 0.00 0,00 0.00 1,000.00 0.00
5611-58830 FURNITURE & FIXTURES 1,000.00 0,00 0.00. 0,00 0.00 1,000.00 0.00
5611-58910 BUILDINGS 0.00 0.10 0.00 0.00 0.00 0.00 0.00
5611-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 ( 573,844.35) 0.00 573,844.35 0.00
TOTAL CAPITAL OUTLAY 772,231.00 0.00 0.00 0.00 0.00 772,231.00 0,00
OTHER FINANCING (USES)
5611-59111 TRANSFER TO GENERAL FUND 0.00 0.00 0.00 0,00 0.00 0.00 0,00
5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0,00 0.00 0,00 0.00 0.00 0.00
5611-59990 PROJECT ACCOUNTING 0.00 0.00 0.00 0.00 0.00 0.00 0.00
. _
TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEVELOPMENT CORP-WEDC 4,859,259.00 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19
TOTAL EXPENDITURES 4,859,259.00 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19
REVENUE OVER (UNDER) EXPENDITURES ( 406,807.12) 291,509.66 0.00 ( 76,393.58) ( 1,000.00) ( 329,413.54) 19.02
' , END OF REPORT ***
7-11-2018 5:20 PM DETAIL LISTING PAGE: 1
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018
DEPT : 611 DEVELOPMENT CORD-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET--------DESCRIPTION----------------- VEND INV/JE # NOTE AMOUNT---- ----BALANCE====
5611-52010 OFFICE SUPPLIES
BEGINNING BALANCE 6,009.27
6/20/18 6/20 A17855 DFT: 000606 01306 MOUNTED PHOTO HWY 78 000912 8277 JUN18 WYGANT 113.64 6,122.91
6/20/18 6/20 A17917 CHK: 097275 01331 STATIONARY 000392 26656 WEDC 313.13 6,436.04
6/20/18 6/20 A17918 CHK: 097275 01331 STATIONARY 000392 26682 WEDC 16.60 6,452.64
000, 000000000 JUNE ACTIVITY DB: 443.37 CR: 0.00 443.37
5611-52040 POSTAGE & FREIGHT
BEGINNING 13 A LAN C E 143.55
6/20/18 6/20 A17855 DFT: 000606 01306 REVA NOTIFICATION 000912 8277 JUN18 WYGANT 7.83 151.38
000---.0,.-.0.. .JUNE ACTIVITY DH: 7.83 CR: 0.00 7.83
561.1-52130 TOOLS/ EQUIP (NON-CAPITAL)
BEGINNING BALANCE 0.00
5611-52160 TOOLS/ EQUIP - $100-$999.99
BEGINNING H A LAN C E 0.00
5611-52810 FOOD SUPPLIES
BEGINNING BALANCE 1,417.91
6/20/18 6/20 A17855 DFT: 000606 01306 WEDC BOARD MTG MEAL 000912 8277 JUN18 WYGANT 3.34 1,421.25
6/20/18 6/20 A17855 DFT: 000606 01306 WEDC BRD MTG MEAL 000912 8277 JUN18 WYGANT 69.68 1,490.93
6/20/18 6/20 A17846 DFT: 000606 01305 OFC LUNCH 000912 8277 JUN18 SATTER 94.33 1,585.26
- 00- '"0-0 0 JUNE ACTIVITY DB: 1.67.35 CR: 0.00 167.35
5611-52990 OTHER
BEGINNING BALANCE 0.00
5611-54630 TOOLS & EQUIPMENT
BEGINNING BALANCE 0.00
5611.-5481.0 COMPUTER HARD/SOFTWARE
BEGINNING BALANCE 2,157.83
6/20/18 6/20 A17855 DFT: 000606 01306 CHARGER REPLACEMENT 000912 8277 JUN18 WYGANT 39.00 2,196.83
�:,,: ., '00_0,0-0,', JUNE ACTIVITY DB: 39.00 CR: 0.00 39.00
,'n-zom s.znrm osrur1. Lznrzwo n^on. 2
r"wo . ,zz-wxLzo ocopnmzc os,EL CORP PCxcon TO USE. w"'zn,y rHRo Jm"-m,o
ooer . mi oovocupmEwr cvmp wooc mzcovwrc. 5611 �zom ruwo 5611-58910
noor onro ,mvm # vosEnomco mmmcr---oo,rmzrrzow------- vowo zwv/JF, # moro ~~~~~AMwvwr-~~~ -~~~RAL^moo~~~=
-_--_-----------------------------------------------------------------------------------_~~_~_-~-__-_-~_----~-_--_~_______~~-
561z s«pon nruoR
a o s z m w z w s n ^ 1, ^ w c u 0,00
----__~----_--~_---__~------_-_---~-_--_______-_--____----___-_-_-_--=-_-_=-__-_`--,----_-__~-~-__-__.~-_--__-
5o,. 56030 zmoomrrvon
a u n z w n z m o o ^ L ^ m c o 488'864.36
6/15/18 6/15 a17468 orr. oonoon 01199 061118 SALES z^x asrmann 003019 061/18 56'832�73 545'697,11
Jnwo xczzvzrx on. 5*'832,73 CR. o�oo 5*'832,,3
_--_--__-_-_-_~_-~____°-----=~^-__~_-__'--____----__-~~___------___--__-_-___~°___~--_-_~----~~~_-__~-_--~____-~--_---_
5o/z oonoo xpooz^L xoavzros
a o G z m m z m n a a L ^ u c u 228'796�82
6/04/18 s/v^ x16393 ra^. ooaoou 00795 °unc - seLuo `^x orr ou«vn/ 030918 z.s`o,00 231.408.82
6/14/18 6/14 ^/7369 cx^. 09,136 o'/v» nurL, poor mmcuo^ 000'oz 10044 vuoc 95.00 23/'503�62
6/14/18 o/`^ u,1376 cov. 09,137 01169 movzmo ^rnzL 00362'/ 1225 wooc 260.00 231'/63.82
*/zo/za 6/14 ^17317 uox. oy`zzv 01165 mon-°ooc pnop'/1 002723 /875 °uoo ^zp�xo 232'193.32
6/18/18 ^/^o n,,nza m^. 0971_77 v/zzv aumrroaz^^ mc 002330 4447, 15/�50 x»c'^no.oz
mwu acrmzrx oo. 3'552�00 ox. u�oo 3'552,00
'----------------------------------------_-______.~__-__---_=___---~___^___-_--_-----~-_--'_._-_--_----_-_____'--__-__
5o1, 5svnu ^n,Eoczxzoc
a o s z w m , w c o ^ L u m o o 3/'014�00
a/,^/'v 6/14 a17365 cxx. 09,113 01169 ^ow,Lzo NEWS-GRADS 000391 16971 wooc 275,00 sz'zov,nv
o/'^/`o 6/14 vl,z*s cnx. vvr`xa 01169 ^n-za'^pwo-wwo 00039/ 16993 wEoc 1'595,00 xz.000°ov
6/1*/18 v/'^ v17368 ouu. v,,zv^ o''os cnmmoozzom ^u m,w/JnL onoxnv oz^' wono 1'500,00 34.384�00
o/zo//u 6/20 ^17812 o,r. 000606 01301 rooC ^rp roo nnnozz uz,/ J"Nzn smEzwom 100�00 »^'oo^°ou
*/zz/zp o/zz ^18/1' cxn. 09/321 0135+ na^ vomow IN BUS-SPONSOR oozzo, 0392284 wonc 3'/50.00 38'234^00
_~_~~~~~~~~~~ zvwo ncrzvzT, no. r'z,o�on CR. 0,00 7'220.00
----------------------------------------------------------�-=---__=-___---_---=-__----__---=-==--='_--=_--___-__-_---_----
5611-56090 cnxmnmzr, oovo^n,momr
a o G z m m z w c a a 1, ^ w c m 35'512�82
___-___-_,_-__-___--~--__~_-~--___--___~_~-_____-____-_~_~_______-__~_-_~_____'~-___-_-_____-_~_--_~__-__~_----°~-
s6/z 56110 cnmmnmzxxrzoNs
a s u z w m , m c n x L ^ m C m 6.299�39
6/14/18 ^/'^ m73,1 oux. 09,144 01169 r^aLmr nour wuoc 00179, 822495`9907 m^xu-J 113�9/ 6.413�36
6/14//8 6/14 u',`,, Cax. uy,^sv 01169 zoroamc,-Wooc m,25 Jvz^ 004568 21015,,989 w^,cs J 221�76 6'635.12
6/20/18 6/20 ^i�o«s ovr. vv"ons 01305 ruLoconwo cvc onovzz 8277 Jvm18 oarroa zr/,os 6.812�17
mmo uozzvzrz oa. 512�,8 CR. n�on 512�78
7-11-2018 5:20 PM DETAIL LISTING PAGE: 3
FUND 111-WYLIE ECONOMIC REVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2013
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAM # REFERENCE PACKET------DFSCRIPTION------- VEND INV/jE I NOTE -----AMOUNT=--- --BALANCE
5611-56180 RENTAL
BEGINNING BALANCE 21,803.98
6/14/18 6/14 A17321 CHK: 097117 01165 COPIER RENTAL 003509 104366 199.70 22,003.68
6/18/18 6/18 A17524 CHM: 097180 01219 RENT - JULY 003231 061118 JUL18 2,250.00 24,253,68
JUNE ACTIVITY DB: 2,449,70 CR: 0.00 2,449.70
5611-56210 TRAVEL & TRAINING
BEGINNING BALANCE 13,674.07
6/20/18 6/20 A17812 DFT: 000606 01301 TEDC MID-YR REG-GREI 000912 8277 JUN18 GREINER 350,00 14,024.07
6/20/18 6/20 A17812 DFT: 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 20.05 14,044.12
6/20/18 6/20 A17812 OFT: 000606 01301 ICSC MONORAIL 000912 8277 JUN18 GREINER 58,00 14,102.12
6/20/18 6/20 A17812 DFT: 000606 01301 ICSC MEAL-RKG M-5 000912 8277 JUN18 GREINER 397.69 14,499.81
6/20/18 6/20 A17812 OCT: 000606 01301 ICSC-MEAL-WEDC TM-4 000912 8277 JUN18 GREINER 80.90 14,580.71
6/20/18 6/20 A17812 OFT 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 21.11 14,601.82
6/20/18 6/20 A17812 DFT: 000606 01301 ICSC MEAL-WEDC TM-2 000912 8277 JUN18 GREINER 50.47 14,652.29
6/20/18 6/20 A17812 OFT: 000606 01301 ICSC-COFFEE-GREINER 000912 8277 JUN18 GREINER 4.00 14,656.29
6/20/18 6/20 A17812 DFT: 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 35.03 14,691.32
6/20/18 6/20 A17812 DFT: 000606 01301 ICSC TAXI-GREINER 000912 8277 JUN18 GREINER 14.29 14,705.61
6/20/18 6/20 A17812 OFT: 000606 01301 ICSC MEAL-WEDC TM-3 000912 8277 JUN18 GREINER 60.21 14,765.82
6/20/18 6/20 A17812 DFT: 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 19.40 14,785.22
6/20/18 6/20 A17812 DFT: 000606 01301 WEDC BRE- 2 000912 8277 JUN18 GREINER 24.96 11,810.18
6/20/18 6/20 A17855 DFT: 000606 01306 AIR-SATTER-HOU-INVEN 000912 8277 JUN18 WYGANT 287.96 15,098,14
6/20/18 6/20 A17855 DFT: 000606 01306 HOTEL-BROKAW 000912 8277 JUN18 WYGANT 285,72 15,383.86
6/20/18 6/20 A17855 DET: 000606 01306 HOTEL-GREINER 000912 8277 JUN18 WYGANT 693.42 16,277.28
6/20/18 6/20 A17855 OFT: 000606 01306 HOTEL-BROKAW 000912 8277 JUN18 WYGANT 573.69 16,850.97
6/20/18 6/20 A17855 DFT: 000606 01306 HOTEL-OLLIE 000912 8277 JUN18 WYGANT 573.69 17,424.66
6/20/18 6/20 A17855 OCT: 000606 01306 HOTEL-HOGUE 000912 8277 JUN18 WYGANT 167.80 17,592.46
6/20/18 6/20 A17855 DFT: 000606 01306 HOTEL-GREINER 000912 8277 JUN18 WYGANT 34.01CR 17,556.45
6/20/18 6/20 A17846 OCT: 000606 01305 BUS MTG- RP REAL 000912 8277 JUN18 SATTER 22.52 17,560.97
6/20/18 6/20 A17846 DFT: 000606 01305 SATTER-AIR-KANS CTY 000912 8277 JUN18 SATTER 249.96 17,830,93
6/20/18 6/20 A17846 OCT: 000606 01305 MANSON-AIR-MANS CTY 000912 8277 JUN18 SATTER 249,96 13,080.89
6/20/18 6/20 A17846 OFT: 000606 01305 BUS MTG-CBRE3 000912 8277 JUN18 SATTER 42.25 16,123.14
6/20/18 6/20 A17846 DFT: 000606 01305 BUS MTG-SAVAGE 3 000912 8277 JUN18 SATTER 55.22 18,178.36
6/20/18 6/20 A17846 OFT 000606 01305 SATTERWHITE-TAXI 000912 8277 JUN18 SATTER 57.28 18,235.64
6/20/18 6/20 A17646 DET: 000606 01305 SATTER-MANSON WTR 000912 8277 JUN18 SATTER 9.62 13,245.26
6/20/18 6/20 A17846 OFT: 000606 01305 SATT-MANS- MEAL 000912 8277 JUN18 SATTER 36.30 18,281.56
JUNE ACTIVITY DB: 4,641.50 CR: 34.01CR 4,607.49
5611-56220 PROFESSIONAL TRAINING
BEGINNING BALANCE 0.00
7-1.1.-2018 5:20 PM DETAIL LISTING PAGE: 4
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
' POST DATE 'MAN # REFERENCE PACKET DESCRIPTION------- VEND INV/JE # NOTE AMOUNT -- ----BALANCE -_
5611-56250 DUES & SUBSCRIPTIONS
BEGINNING BALANCE 20,542.24
6/20/18 6/20 A17855 DET: 000606 01306 IEDC MEMBERSHIP 000912 8277 JUN18 WYGANT 420.00 20,962.24
6/20/18 6/20 A17846 ITT: 000606 01305 CLUB CARP DUES 000912 8277 JUN18 SATTER 710.67 21,672.91
DUNE ACTIVITY DB: 1,130,67 CR: 0.00 1,130.67
5611-56310 INSURANCE
BEGINNING BALANCE 2,772.47
5611-56510 AUDIT & LEGAL SERVICES
BEGINNING BALANCE 27,231.73
5611-56570 ENGINEERING/ARCHITECTURAL
BEGINNING BALANCE 2,700.00
5611-56610 UTILITIES-ELECTRIC
BEGINNING BALANCE 2,322.46
5611-57110 DEBT SERVICE
BEGINNING BALANCE 0.00
5611-57410 PRINCIPAL PAYMENT
BEGINNING BALANCE 423,100.44
6/01/18 6/05 1361298 Rnk Oft 060118 17299 JE28918 K&M PMT #33 JE# 028918 8,291.79 431,392.23
6/08/18 6/11 B61391 Bnk Oft 06081.8 17323 JE28960 PEDDICORD/WHITE PMT#42 JE# 028960 5,601.80 436,994.03
6/15/18 6/18 061.451. Bnk Dft 061518 17354 1E29001. 1613 PKWY PMT #46 JE# 029001 12,254,44 449,248.47
6/21/18 6/25 B61552 Bnk Dft 062118 17376 JE29030 JARRARD PROP #18 JE# 029030 2,114.51 451,362.98
6/21/18 6/25 B61553 Bnk Dft 062118 17376 JE29031 EDGE PMT #24 JE# 029031 15,673.62 467,036.60
6/22/1.8 7/11 B61737 17445 JE29130 BUCHANAN PMT #46 JE# 029130 6,994.96 474,031.56
-:, JUNE ACTIVITY DR: 50,931.12 CR: 0.00 50,931,12
5611-57415 INTEREST EXPENSE
BEGINNING BALANCE. 106,859.32
6/01/18 6/05 B61298 Bnk Dft 060118 17299 JE28918 K&M PMT #33 JE# 028918 453.46 107,312.78
6/08/19 6/11 B61391 Bnk Dft 060818 17323 JE28960 PEDDICORD/WHITE PMT#42 JE# 028960 1,780.65 109,093.43
6/15/18 6/18 1361451 Bnk Dft 061518 17354 JE29001 WB PKWY PMT #46 JE# 029001 1,013,49 110,106.92
7-11-2018 5:20 PM DETAIL LISTING PAGE: 5
FUND : 111-WYLIE ECONOMIC BEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018
DEPT : 611 DEVELOPMENT CORTRWEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT-- --BALANCER-
6/21/18 6/25 B61551 BIB( DfL 062118 17376 JE29029 DALLAS WHIRLPOOL PMT19 JE# 029029 6,888.89 116,995.81
6/21/18 6/25 B61552 &Ric EBEL 062118 17376 3E29030 JARRARD PROP #18 JE# 029030 994.64 117,990.45
6/21/18 6/25 B61553 Dnk Dft 062118 17376 JE29031 EDGE PMT #24 JE# 029031 1,386.19 119,376.64
6/22/18 7/11 B61737 17445 JE29130 BUCHANAN PMT #46 JE# 029130 336.99 119,713.63
12,854.31 CR: 0.00 12,854.31
5611-57710 BAD DEBT EXPENSE
BEGINNING BALANCE 0.00
5611-58110 LAND-PURCHASE PRICE
BEGINNING BALANCE 573,844.35
5611-58120 DEVELOPMENT FEES
BEGINNING BALANCE 0.00
5611-58150 LAND-BETTERMENTS
BEGINNING BALANCE 0.00
5611-58210 STREETS ALLEYS
BEGINNING BALANCE 0.00
5611-58410 SANITARY SEWER
BEGINNING BALANCE 0.00
5611-58810 COMPUTER HARD/SOFTWARE
BEGINNING BALANCE 0.00
5611-58830 FURNITURE & FIXTURES
BEGINNING BALANCE 0.00
5611-58910 BUILDINGS
BEGINNING BALANCE 0.00
7-11-2018 5:20 PM DETAIL LISTING PAGE: 6
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET---------DESCRIPTION== - -- VEND INV/JE # NOTE ------.AMOUNT---- -----BALANCE==-=
000 ERRORS IN THIS REPORT! - - -
** REPORT TOTALS "" --- DEBITS --- --- CREDITS ---
BEGINNING BALANCES: 1,995,069.03 0.00
REPORTED ACTIVITY: 140,782.36 84.01CR
ENDING, BALANCES: 2,135,851.39 34,01CR
TOTAL FUND ENDING BALANCE: 2,135,817.38
`
7-11-2018 5.20em oEruzL LzuTzmG cuon, 7
SELECTION CRITERIA
------------------------------------------------------------------------------------------------------------------------------------
rrnc^x YEAR: u"t-2017 / Sep-,om
FUND: '"=mm°. 111
PERIOD TO USE: ^v"-2018 ruuv ;u"-zozo
rRANumcrznmn. acra
-___-__-_-___-___--____-__-____~_-____~---~_--_--~__--_~~_-~--__-~~~_-_-_--____~__-=_____~~-__--_-____~-__=___
^convmr oococrzom
urCovm, n^wno. 5611-52010 ,xpo 5611 5np1n
noruuremoT RANGE: zumv -
^crzvo romox ONLY. NO
Acrz,o acoonwr ONLY. NO
zmCLouo vovrnICTno ^rCnvmrx. NO
nzczr noLooTznw.
---------------------------------------------
OPTIONS uorurL
OMIT aovnpza WITH no ^crzrzr,. NO
,nrmr owcnmoovwoox. NO
p^zmr vumoon m^mu. NO
razmr cmn/ucro. NO
,nzmr vovam^^ nwrn, mozou. tic)
rozwr wmwzuL, rnr^Lo. ,o,
pazmr "pvmu Tor^cs. mo
rm^wr. zm"nzcu *
nyGo emomx BY: momo
---__==--------_,___=--_--_----------------------------------------------------------------------------------------------------
- owo or mc,vmz ^^^
Wylie Economic Development Corporation
Balance Sheet Sub Ledger
June 30, 2018
Notes Payable
Date of Rate of Principal
Purchase Payment Beginning Bal. Principal Interest Interest Balance
June 1, 2018 3,847,456.43
ANBTX-88130976 WOODBRIDGE PKWY (#46 of 80) 8/15/14 13,267.93 451,390.17 12,254.44 1,013.49 2.61 439,135.73
ANBTX-88148481 BUCHANAN(#46 of 60) 8/13/14 7,331.95 107,263.79 6,994.96 336.99 3.77 100,268.83
ANBTX-88149711 PEDDICORD/WHITE(#42 OF 60) 12/12/14 7,382.45 508,756.50 5,601.80 1,780.65 4.20 503,154.70
ANBTX-88158043 K&M/HOBART(#33 of 48) 9/2/15 8,745.25 136,037.78 8,291.79 453.46 4.00 127,745.99
ANBTX-88157334 LINDUFF/EDGE(#33 of 36) 10/21/15 17,059.81 378,769.88 15,673.62 1,386.19 4.25 363,096.26
ANBTX-88158357 DALLAS WHIRLPOOL(#19 of 60) 11/22/16 varies 2,000,000.00 0.00 6,888.89 4.00 2,000,000.00
JARRARD GRAYS AUTO(#18 OF 120) 12/1/16 3,109.15 265,238.31 2,114.51 994.64 4.50 263,123.80
June 30, 2018 $50,931.12 $12,854.31 3,796,525.31
Wylie Economic Development Corporation
Inventory Subledger
June 30, 2018
Inventory - Land
Date of Pur. Address Aoree Improvements Cost Basis Sub-totals
Cooper McMasters 7/12/05 709 Cooper 0.48 n/a $202,045
Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934
Perry 9/13/06 707 Cooper 0.49 Demo 200,224
Bowland/Anderson 10/9/07 Cooper Dr. 0.37 n/a 106,419
KCS 8/1/08 Cooper Dr. 0.41 n/a 60,208
Duel Products 9/7/12 704 Cooper Dr. 0.50 n/a 127,452
Randack 10/23/12 711-713 Cooper Dr. 1.09 217,500 8,880 400,334
Lot 2R3 7/24/14 Cooper Dr. 0.95 n/a 29,056 $1,312,672
Industrial Ct. Ind Ct-Hwy 78 7/06 -4/16 Ind Ct-Hwy 78 1.46 929,151
Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 1,229,644
Regency Regency Pk. 6/4/10 25 Steel Road 0.65 n/a 25,171 25,171
Commerce Hobart Investments 11/12/13 Commerce 1.60 n/a 156,820
Hobart 1/6/14 605 Commerce 1.07 396,263 20,000 386,380
Dallas Whirlpools 11/22/16 900-908 Kirby 4.79 2,182,080 2,725,280
Downtown Heath 3/17/14 104 N. Jackson 0.17 Demo 220,034
Udoh 2/12/14 109 Marble 0.17 n/a 70,330
Peddicord 12/12/14 108/110 Jackson 0.35 155,984 4,444 486,032
City Lot 12/12/14 100 W. Oak St 0.35 n/a
Jones (K&M) 9/3/15 106 N. Birmingham 0.21 42,314 4,125 190,596
FBC Lot 6/15/16 111 N. Ballard St 0.20 n/a 150,964
McMillan 8/24/17 105 N. Jackson 0.26 n/a 89,482 1,207,438
Alanis White Property(Alanis) 12/12/14 Alanis 6.63 n/a 420,336 420,336
South Ballard Birmingham Trust 6/3/15 505 -607 S. Ballard 1.12 Demo 409,390 409,390
Squire Gallagher 3/14/18 Squire-lot 2-4 2.67 6,000 573,844 573,844
Total 26.73 $876,959 50,974 $7,903,775 $7,903,775
*A Journal entry was made by auditors to adjust the cost of the Hughes land by$4,638.79. This amount was for taxes owed and not part of land value.
*Prime Kuts total purchase price was$306,664.45. The distribution between 207 Industrial and R.O.W. purchased was developed by Seller for tax purposes.
(**) Costs Basis adjusted for partial sale of property(.28 acres or 22.76% of the property at a cost basis of$170,755.53).
WEDC EXECUTIVE DIRECTOR
J P MorganChase
Expense Report
May 2018
DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT
05/08/18 Dickeys 22.52 Bus. Mtg Satterwhite, RP Real Estate
05/08/18 Southwest Airlines 499.92 Bus. Mtg Project 10-6_
05/11/18 Club Corp 710.67 Dues& Fees n/a
04/06/18 Club Corp 42.25 Bus. Mtg WEDC, CBRE (3)
04/20/18 Club Corp 55.22 Bus. Mtg WEDC, Savage(4)
05/22/18 Chili's 94.33'Ofc. Lunch Staff
05/23/18 Mehari 57.28'Taxi-Proj. 10-6 Project 10-6
05/23/18 Picnic PRE 9.62 Water-2-Proj. 10-6 Project 10-6
05/23/18 Cool River 36.30 Meal-Proj. 10-6 Project 10-6
05/23/18 _Cytracom 177.05 Telephone Service n/a
TOTAL 1,705.16
WEDC Assistant Director
JPMorgan Chase
Expense Report
May 2018
DATE VENDOR PURPOSE AMOUNT
5/19/18 Taxi Svc Las Vegas ICSC Taxi -Greiner 20.05
5/20/18 MGM Monorail ICSC- Monorail Transport-Greiner, Hogue 58.00
5/20/18 Banguets ICSC-Greiner-Coffee 4.00
5/20/18 The Court ICSC- Lunch -2 50.47'.
5/20/18 Caesars Mesa Grill ICSC - Bus Meal -WEDC, City of Wylie, McClure(5) 397.69
5/20/18 Vegas Western Cab ICSC -Taxi -Greiner 21.11
5/20/18 Henderson Taxi ICSC -Taxi -WEDC Team 35.03
5/21/18 MGM Grand -Avenue Café ICSC -WEDC Team Meal (4) 80.90
5/22/18 Taxi Svc Las Vegas ICSC -Taxi -Griener 14.29
5/22/18 The Court ICSC - Meal -WEDC Team (3) 60.21
5/23/18 Taxi Svc Las Vegas ICSC -Taxi -Greiner 19.40
5/31/18 TEDC Application Fee 100.00
5/31/18 TEDC Mid-Year Conference Registration -Greiner 350.00
6/1/18 Cotton Patch Café Bus. Mtg-Greiner- DCU 24.96
Total 1,236.11
WEDC Senior Assistant
JPMorgan Chase
Expense Report
May 2018
DATE VENDOR PURPOSE AMOUNT
5/9/18 AT&T Replacement Char er-Satterwhite 39.00
5/9/18 MGM Grand ICSC - Hotel - Brokaw 285.72
5/9/18 MGM Grand ICSC - Hotel -Greiner 893.42
5/9/18 MGM Grand ICSC- Hotel - Brokaw 573.69
5/9/18 MGM Grand ICSC- Hotel -011ie 573.69
5/10/18 USPS Reva-Certified Mail Notification 7.83
5/15/18 Kroger WEDC Board Mtg Meal _ 3.34
5/16/18 Chick Fil A WEDC Board Mtg Meal 69.68.
5/16/18 Southwest Airlines Bus Mtg- Inventrust-Air-Satterwhite 287.96
5/18/18 Shutterfly Photography Mounting 113.64
5/18/18 MGM Grand ICSC - Hotel - Hogue 167.80
5/23/18 MGM Grand ICSC- Hotel -Credit -34.01
6/4/18 IEDC Membership Dues-Satterwhite 420.00
Total 3,401.76
WYLIE ECONOMIC DEVELOPMENT CORPORATION
SALES TAX REVENUE
FOR THE MONTH OF JULY 2018
MONTH WEDC WEDC WEDC DIFF % DIFF 1
2016 2017 2018 17 VS 18 17 VS 18
DECEMBER $166,418 $197,808 $184,849 -$12,959 -6.55%
JANUARY 163,463 196,347 191,896 -4,452 -2.27%
FEBRUARY 260,166 276,698 275,668 -1,030 -0.37%
MARCH 167,082 191,648 182,852 -8,795 -4.59%
APRIL 154,920 168,844 163,485 -5,359 -3.17%
MAY 238,646 244,816 203,707 -41,109 -16.79%
JUNE 180,194 191,732 199,412 7,680 4.01%
JULY 212,620 223,571 213,977 -9,594 -4.29%
AUGUST 268,976 261,573
SEPTEMBER 197,339 210,974
OCTOBER 201,506 195,549
NOVEMBER 270,426 267,816
Sub-Total $2,481,757 $2,627,376 $1,615,846 -$75,618 -4.50%
AUDIT ADJ
TOTAL $2,481,757 $2,627,376 $1,615,846 -$75,618 -4.50%
WEDC SALES TAX ANALYSIS
$300,000 _ .... ._ u..
$250,000 - - _- _.
$200,000 - -
$150,000 _ -
$100,000
$50,000 - -
jj ] J .j ]
II$O w a t o w
N Z' CS' L = t 2 7 to Q a 13
E 2 Q 2 2 m E o E
O a) (O N Q r U °)
❑ u_ 0 O
a) Z
ylie ' cono is I evelo s ent Corporation
MEMORANDU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Alley Construction
DATE: July 13, 2018
Issue
Consider and act upon authorizing the WEDC Executive Director to execute a contract for alley
improvements generally located east of Ballard Street between Jefferson Street and Brown Street.
Analysis
The contemplated alley between Jefferson and Brown,just east of Ballard is fully designed with
two bids for construction attached for your review. GT Construction came in at $107,155 with
Texas Dirt Contractors coming in at$246,775.
In reviewing the considerable difference and discussing the same with GT, significant variances
between the bids involve mobilization, tree trimming, general conditions, and seed/prep among
other totaling $43,000 with the bids still $100,000 apart. GT also does a lot of work in the City of
Wylie, familiar with City requirements, and they are here on a weekly basis.
The one item not included in the GT bid which will have to be inserted is a 2-year construction
bond. GT has been asked to provided that figure prior to the Board meeting which Helmberger
Associates(to be providing construction management)estimates to be no more than$5,000. Texas
Dirt bond is $8,864.
Once a proposal is executed, Helmberger will contact all applicable utilities to initiate relocation
(not included in either bid) and the contractor will schedule the project.
Recommendation
Staff recommends that the WEDC Board of Director's authorize staff to execute a contract with
GT Construction in the amount of$107,155 for alley improvements between Jefferson and Brown,
just east of Ballard.
Attachments
GT Construction
Texas Dirt Contractors
GT CONSTRUCTION, INC. Estimate
7|2ivudui�� - - -- --- - ' '
Lynda DATE ESTIMATE#
Wylie, TX75O98
11G0/2017 4466 �
Job Site
`Wylie Fcom`mic Development Corporation
250S. Hiuhwuy78 Alleyuctvccn Brown and Jefferson
�VV`liu,Ts750Y8
,/\TllN: Sam Satterwhite
/
__ --__ _
|
^ Project
1 - '---' --- -- ----- -------- -- ^ -
i Alley Between �
-' --- ----- - ' ' ' - -- - - '- - - -'- ----- - --' - --- l
' DESCRIPTION ' Total1
,------- ---- --- — - - - ---- ' --- - - - '---- -- ------ -- -- - ' -i
'Installation of proposed Alley Improvementsux per plans - RF0MB8RG[RASSOCIATES 107,155.00 i
/ INC. ALLEY IMPROVEMENTS ' WY[lP ECONOMIC CORPORATION PAVING �
IMPROVEMENTS BETWEEN BROWN ANDJ[FFFR80N CITY OF WY[J[TEX&S. /
S]'U'00 K standard construction details gcocuo\ notes paving uotcu#2] ' compuctud
suhurudc with additional |" of concrete '
Exclusions W Bid: All utility, gas and meter service relocations, including light /doc1hod
poles. No additions or relocation n[fire hydrates. Testing of subgradcmtesting of concrete. .
�
A('CI-"I3TFD BY- I)A Pk' FRFFERRFI)TlT\,IF FOR SCHEDULING:
1)1,1-',ASF VERIFY ioo-rAGF-(SQ FT,LINEAR FT. FTC ),(SQ, FT, IS ESTIMATE ONLY)
117 EISTIMATE IS ACCEPTED BY CUSTOMER-PLEASE SIGN AND DATE.SCAN&SLND to iiii(((�,,gtcoiisti,uction-iiic.coni FOR
OT Construdion. Inc.sliall not be licId liable lor anN such instances ol'oecurances l'or damages underground.including undereround Utilities.
I"Aluipmeni and imucrials supplied by(he Comrat,101,are rill-rall(e(I to the extent ol'the man u fiaci tires warranty.OtlicreNclusions: Permit 1ecs and
huidsoiphig/,odding are not included unless stated oil this estimate
/
'|
/
- /
Texas Dirt Contractors
P.O.Box 36348
Dallas,Texas 75235 � �
1/30/2018 725
e / address Project
Helmberger Associates,Inc. SITE WORK
1525 Bozman Rd Alley Improvements
Wylie, TX 75098 Brown & Jefferson
USA Wylie, TX
Description •ty - ate Total
SITE WORK: Between Brown & Jefferson
Mobilization 15,000.00 1 15,000.00
Excavate Loose 375CY 375 30.00 11,250.00
Tree Trim/Clear& Grub 3,500.00 3,500.00
Saw, Cut& Demo 12,450.00 12,450.00
525SY Lime: stabilized subgrade 7" depth 13,650.00 13,650.00
Blue Top#1: Before Lime 4,410.00 4,410.00
Blue Top#2: After Lime 4,410.00 4,410.00
Miscellaneous Unclassified Grading 7,500.00 7,500.00
Seed/Prep 6,300.00 6,300.00
Erosion Control 5,850.00 5,850.00
Staking &Layout 4,965.00 I 4,965.00
Clean-up 7,500.00 I 7,500.00
Testing 6,500.00 I 6,500.00
8" 4500psi Concrete w/#3@18" OCEW; 4EA Barrier Free 84,509.00 84,509.00
Ramps
Seed/Curlex 4,500.00 4,500.00
Traffic Control 7,500.00 7,500.00
Contingency 14,183.00 14,183.00
General Conditions 17,729.00 17,729.00
Profit& Overhead 6,205.00 6,205.00
Maintinance Bond 8,864.00 8,864.00
Phone # Fax # -mail Total $246,775.00
972-579-0081 972-579-0082 office@texasdirt.biz
ylie Econo . P evelop ent Co is oration
E ORA DU
TO: WEDC Board of Directors
FROM: Sam Satterwhite, Executive Director
SUBJECT: Principal Reduction
DATE: July 18, 2018
Issue
Consider and act upon issues surrounding principal reduction payments toward a loan(s) between
the WEDC and The American National Bank of Texas.
Analysis
At the June 12th WEDC Board Meeting staff was given direction to pay off in full the
Linduff/Edge and Buchanan Loans. The estimated payoffs at the time were $378,770 and
$107,264 respectively. With the Zoning Board of Adjustments variance approved and the
FINNELL transaction complete, the Linduff/Edge loan will be paid in full on 7-13-18 in the
amount of$363,943.
In addition to the above, staff was directed to make a principal reduction payment of$300,000
toward the Peddicord/White loan. As a reminder, the $300,000 payment left the WEDC with
approximate net proceeds of$500,000 from the FINNELL transition thus increasing the current
claim on cash at the time of$376,000 to $876,000.
The Peddicord/White Loan has an approximate payoff of$503,155 with a current rate of 4.2%
adjusting to a FHLB 5-year rate +2.5% in December 2019, and annually thereafter through 2024.
The current FHLB rate is 3.19%.
Staff has received additional information from American National Bank (ANB) since the June
12th meeting which may impact the previous direction given. As staff conveyed the Board's
concern regarding lower interest rate loans being paid off and significantly higher rates for
potential future debt being contemplated, ANB conceded that it may not be so important to pay
off the Buchanan loan which now has an approximate payoff of$100,268 (Buchanan Loan has a
fixed interest rate of 3.77% through July 2019). They did however maintain their previous
position on FINNELL sale proceeds paid toward project-associated debt for Linduff/Edge since
the rate would be adjusting in September 2018.
Following payoff of Linduff/Edge, the WEDC has net proceeds from the FINNELL transaction
of$896,328. Should certain projects being considered in Executive Session come to fruition, the
WEDC—Principal Reduction
July 11, 2018
Page 2 of 2
WEDC may need to borrow monies at a non-exempt rate of 6%. An exempt rate of 4% may be
available with ANB's attorney still evaluating the project parameters.
With favorable fixed rates for Buchanan (3.77%) and Peddicord/White (4.2% through December
2019), along with ANB being less concerned about paying off the Buchanan Loan, staff prefers
to reevaluate further principal reduction payments until a more clear direction is achieved on
future projects. If agreeable, staff will bring this issue back for Board consideration within the
next 60 days.
Recommendation
Staff recommends that the WEDC Board of Directors delay further principal reduction payments
contemplated on June 12, 2018 for approximately 60 days.
ylie cono ic I evelopi ent Con oration
E ORANDU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: WEDC and W&M Work Order
DATE: July 18, 2018
Issue
Consider and act upon a work order between the WEDC and W&M Environmental to address
environmental issues located at 802 Kirby.
Analysis
Staff is still awaiting additional information surrounding this issue and anticipates providing a
detailed memo to the Board on Monday, July 1 6th.
ylie cono ic I evelopment Cor i oration
E ORA DU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: FY 2018 - 2019 Budget
DATE: July 12, 2018
Issue
Consider and act upon approval of the FY 2018-2019 WEDC Budget.
Analysis
In review, staff typically identifies fixed operating expenses, makes reasonable assumptions on
costs associated with consultants, details existing incentive commitments, provides a minimum
amount of monies for land acquisition, and places the balance of available resources in 'Future
Projects' for incentive programs which have yet to be identified.
As shown on the attached detailed budget, the WEDC has $4,636,927 in available resources as
follows:
Beginning Fund Balance $620,887
Sales Tax 2,600,000
Rental Income 112,440
Pad Sale (Highway 78) 1,300,000
Interest Earnings 3 600
Total $4,636,927
As is every year, staff has worked closely with Finance to develop an accurate Beginning Fund
Balance being that the WEDC budgets to have those monies available for the following year and
bases its expenditures on the same. Along with fixed operating expenses for the balance of the
fiscal year, significant expenses as follows are also accounted for within the Beginning Fund
Balance: $150,000 in Streets&Alleys,up to $888,000 in principal reduction payments, $225,000
in sales tax reimbursement payments, and $475,000 in incentive payments associated with
approved Performance Agreements.
A variable within the Beginning Fund Balance is the REVA Performance Agreement which was
included in projected expenses for the balance of this fiscal year. Being that the project is in
default, and the developer has not contacted the WEDC, staff could remove the$100,000 from the
FY 2018 - 2019 Budget
July 12, 2018
Page 2 of 4
calculation thus increasing the Beginning Fund Balance to $720,887. Board input is sought on
this issue.
At the time Sales Tax revenue estimates were calculated in May by staff and Finance, it was
estimated that year-end receipts for FY 17 — 18 would be $2.6 mm with flat projections of$2.6
mm for FY 18 — 19. Since the May projections, sales tax has been down 16% over FY 16 — 17
and assuming flat receipts for the remaining 4 months, year-end receipts for FY 17 — 18 will be
$2.55 mm. While flat receipts can obviously not be counted on in the current environment,
projections are now assuming a slight gain in FY 18 — 19. Staff is still comfortable with the
projection of$2.6 mm due to the philosophy that the year over year decline is still impacted by
hail storm spending. Since we evaluate sales tax receipts so closely, a budget amendment can
always be made to account for further shortfalls in FY 18 — 19.
The only material change to rental income is the assumption that the WEDC can rent the DCU
property for $2,000 per month with DCU vacating the property in August. The challenge will be
to identify a tenant that will be willing to sign a short-term lease. Staff believes however that a 12
— 18-month lease could be signed based upon the remaining remediation that needs to take place
and time needed to develop the site.
Staff has also budgeted for the sale of the remaining pad on Highway 78. The $1.3 mm identified
would represent a sale in the low $20's which would equate to a user that the WEDC may be
willing to take less for to get to Wylie. The sale is not required to make budget and is offset on
the Expense side with$1.2 mm in principal reduction payments and $100,000 in closing costs.
The following provides detail within Expense accounts which include items over and above what
is required, addresses a new program, or highlights the need to continue an existing program:
Within Personnel Services, salaries reflect a 2.5%increase over FY 17— 18. The Board will have
an opportunity to provide input on that figure in Executive Session and further opportunity in
August when the Executive Director is fully evaluated.
There are no significant changes in Supplies other than a $10,140 budget reduction based upon
aerials being updated in FY 2017— 18. Staff is recommending that the Partnership with the Library
is continued at$5,000 for materials within the WEDC Small Business Center located in the Smith
Public Library.
Incentives reflects a budget of$1,319,989. Within this budget, $622,100 is allocated for ongoing
WEDC commitments associated with eight projects. Within those eight projects,five projects will
conclude in FY 18 — 19 freeing up $345,000 for FY 19 — 20 Budget. The Future Projects line
item($697,889)within Incentives represents uncommitted funds within the total budget to be used
for incentive programs. Future Projects has been significantly bolstered by estimated net proceeds
of±$500,000 from the FINNELL transaction.
Special Services includes general consulting services of$50,000 and an additional $65,000 for
environmental services. Also included within Special Services is $5,000 for the City Interlocal
Agreement (financial services).
FY 2018 - 2019 Budget
July 12, 2018
Page 3 of 4
While not reflected in this budget, staff will be presenting a case for the hiring of a consultant to
study traffic patterns and drainage issues in downtown Wylie created by the development of a
mixed-use concept on Jackson Street. In speaking to the City Engineer, a project even close in
concept to what has been discussed may require storm sewer improvements. If that is the case it
is vital information to have for potential developers with the cost of said improvements potentially
placed within a Public Improvement District for financing purposes. If a drainage study is
undertaken, the same consultant can study future traffic patterns as well. The City Engineer
estimates that a study of this nature may cost $100,000. These monies could be potentially used
from the REVA project or reallocated from other areas within the proposed budget.
Within Advertising, staff is recommending that the WEDC continue its partnership with the City
of Wylie Public Information Office in funding a Regional Marketing Initiative. However, instead
of$100,000, $80,000 is being recommended. To date within FY 17— 18, $30,000 has been spent
on radio spots and print advertising, the Wide-Awake Wylie Branding initiative, and print
advertising in the Dallas Business Journal. Another$10,000 is planned for radio remotes and print
advertising promoting the Wylie Rodeo and targeted quality of life pieces. Another $3,000 is
budgeted for general photography to be used for multiple WEDC/City advertisements. Within FY
2018 — 2019, the PIO office has recommended $30,000 in line item advertising for Bluegrass,
Rodeo, and Quality of Life marketing via print advertising and radio spots. Staff also proposes
within the Regional Marketing budget a video for the WEDC/City websites ($25,000) which
emphasizes both quality of life and a strong business environment showcasing many of our high-
tech businesses such as Lone Star Circuits, Sanden, and Exco. An additional $25,000 within the
Regional Marketing Initiative will highlight and promoting distribution opportunities at the KCS
property. Should the KCS project make significant strides in terms of site development and a
master-planned distribution park is imminent, staff could reallocate additional funds from the
Marketing budget and Travel & Training to partner with KCS for further promotion of the site by
targeting distribution businesses via trade shows, email marketing campaigns,or print advertising.
Ms. Wygant, who heads up the 4Most BRE Business Program recommends that we continue the
program next year in the amount of $18,600 and will present her reasoning why at the Board
Meeting. Staff is also recommending that $5,000 continue to be dedicated to the Merchants
Association in matching dollars to advertise and promote downtown.
Within Community Development, a second Regional Brokerage event is proposed to promote
Wylie to 30—40 office,retail, and industrial brokers from within the metroplex. In FY 2017— 18,
only 10-12 WEDC/City representatives were in attendance making it a much more focused event
than previous efforts. In addition, there will be $5,000 budgeted for an Industrial Appreciation
event focusing solely on local businesses. Also tying into the BRE Program will be participation
in an Education Foundation Fit 4 Business event within which the WEDC will seek out multiple
local businesses to participate.
Season tickets to sporting events have been removed from the budget as our ticket group
disbanded. Other traditional events will be continued with local/regional participation via staff
attendance and sponsorships with the Care Center, Wylie Chamber of Commerce, Rotary Club,
Education Foundation, Habitat for Humanity, and the Collin College Gala. New additions to the
FY 2018 - 2019 Budget
July 12, 2018
Page 4 of 4
budget will be sponsorships in a CCIM Clay Shooting event and sponsorship of a Prestonwood
MGA event.
Within Travel & Training the only change from previous budgets is $10,000 itemized for
Wylie/Collin County Days in Austin(travel, lodging,and hosting a reception)and$1,225 for sales
tax training classes for staff and Board Members.
Club Corp expenses with Dues and Subscription has been reduced by$3,300 reflecting a change
from a full membership to a social membership. Staff is unable to justify the full use of facilities
and associated costs due to the time commitment involved to do so. A social membership will
meet 70% of the need/benefit gained at less than 50% of the cost.
Within Debt Service the Board will note that Linduff/Edge was paid in full as of 7/13/18. Also
within Debt Service is$1.2 mm in principal reduction payments which would not be made without
the sale of the remaining 78 pad site ($100,000 is also identified in Land for closing costs
associated with the potential transaction). The figure is arrived at being that a $1.3 mm revenue
figure is identified and should that transaction not take place the budget will not be short in other
area because of unequal revenues and expenses.
Land is recommended at $200,000 which would generally be earmarked as earnest money for
financed properties. Should properties currently being considered within Executive Session not
be pursued, staff has no other sites identified for these monies. $100,000 for title policy and
commissions represent closing costs for a$1.3 mm transaction.
Finally, Streets & Alleys is budgeted at $300,000. $150,000 would be earmarked for alley
improvements west of Jackson between Oak and Marble with an additional $150,000 for a water
line project looping the system from Cooper drive north on 544 to a point generally fronting the
544 Gateway Project.
In summary, the WEDC Budget can be very reactive to a change in direction from the
Board/Council should a significant project present itself. For example, should a data center
identify the Brookshire's property as an ideal location, it is reasonable that the WEDC would be
asked to participate and for arguments sake the number could be$1 mm. Under this scenario, staff
could utilize future projects monies within incentives and reprioritize spending outside of
personnel and debt service to generate the necessary funding.
Recommendation
Staff has no recommendation at this time and is seeking Board input.
Attachments
FY 2018 - 2019 WEDC Budget
Wylie Economic Development Corporation
FY 2018-2019 Budget
msVswusS 2017a018 2018-2019
Unreserved Beginning Fund Balance(10-V1) $40e.807 e20.887
40210 Sales Tax 2.831.47* 2.600.000
*6210 Allocated Interest Earnings 3.000 3,600
Dairy Queen 11.e58 o
Sale o[vvsoC Pad Site 1.502.820 1.300.000
48110 Rental Income
Steel Rd 6,000 6.000
1oam.Birmingham 12.000 12.000
711 Cooper 4.800 4.800
auo Comm'oV1 16.800 17.220
6os Comm'uoo 24.000 24.000
6Ve Comm'u04 12.000 12.420
o10 Industrial Ct 9,600 D
808mi,uy 18.000 24.000
1oo Oak Gt O 1o.nuo
.
103.200 112.440
TOTAL REVENUES $4,8ee25e $4,636927
EXPENSES
*1100 Personnel Services'Direct Comp.
51110 salaries'Executive Session *284.473 281.590
51140 Longevity Pay 1,30e 1.4e3
Total Direct Comp. 285,782 293,043
51200 Peosonne|oemicem-otherComp.
51210 Car Allowance 12.600 12.e00
51220 Phone Allowance 4.e56 4.65e
51300 Personnel Services'Retirement(TMnG) 44.99e. *6.091
62,252 63.347
51400 pwroonno|Semicos-msuronue
51410 Group Hospitalization&Life Ins. 36.671 43.529
51420 Long-Term Disability 1.622 1.e62
51440 p|C* 18.500 18.9e0
51450 Muuiomm 4.327 4.432
51470 Workers Compensation 786 804
51480 Unemployment Compensation'nmC 810 810
Total Insurance e2.71e 70.188
TOTAL PERSONNEL SERVICES 410.750 426.577
SApP.L|so
52010 Office Supplies
Maps and Photography 11.640 2,500
Pad Folios 2.000 1.000
Operating Supplies 1.500 1.500
7/12/3018 11:48PWY
Wylie Economic Development Corporation
FY 2018-2019 Budget
Misc. 1,000 1,000
Total Office Supplies 16,140 6,000
52040 Postage and Freight
Courier Services(10/yr @$49) 480 490
Postage 250 150
Misc. 250 250
Total Postage&Freight 980 890
52810 Food Supplies
Leadership Wylie 400 300
Board Meetings 600 600
ICAN 250 250
Misc. 1,000 1,000
Total Food Supplies 2,250 2,150
54990 Other
WEDC Small Business Resource Center 5,000 5,000
TOTAL SUPPLIES 24,370 14,040
MATERIALS FOR MAINTENANCE
54810 Computer Hardware and Software(maintenance) 3,000 2,000
CONTRACTUAL SERVICES
56030 Incentives
Wdbrdg Ctr-Inland.-Sales Tax Reimbursement 279,000 275,000
B&B Theatre-Sales Tax Reimbursement 25,000 25,000
B&B Theatre Incentive(6 of 6) 25,000 25,000
CSD-Sales Tax Reimbursement 128,000 175,000
Getset(3 of 3) 10,000 0
EXCO(2 of 5) 20,000 20,000
All State Fire Equipment(3 of 3) 20,000 0
Von Runnen(3 of 3) 10,000 0
KREA-Infrastructure Reimbursement(1 of 1) 100,000 0
KREA-H&M Occupancy Tax Reimbursement 63,000 0
Patna Properties(2 of 2) 10,000 0
McClure Partners 50,000 0
REVA 100,000 0
REVA-H&M Occupancy Tax Reimbursement 26,250 0
Trout 15,000 0
SAF 45,000 45,000
Metalbilia 4,800 0
Dank(1 &2 of 4) 0 37,100
Hooper-Woodbridge(1 of 1) 0 20,000
7/12/2018 11:48 PM
Wylie Economic Development Corporation
FY 2018-2019 Budget
Future Projects 741,602 697,889
Total Incentives 1,672,652 1,319,989
56040 Special Services
Claritas(4 demographic studies) 300 0
Janitorial Services 1,900 1,900
Mowing 7,000 7,000
Leasehold Improvements 5,000 5,000
Traffic Counts 3,000 5,000
Consulting Services 50,000 50,000
Whitehead&Mueller 50,000 65,000
Misc. 10,000 10,000
Transfer to GF-Interlocal Agreement 5,000 5,000
Total Special Services 132,200 148,900
56080 Advertising
Chamber Directory 1,500 1,500
Pirate/Wylie East Football 1,200 1,200
Chamber Banner Ad 1,500 1,500
Wylie News Newcomers Guide 1,555 1,700
The Wylie News-misc. 500 1,000
Downtown Promotion 5,000 5,000
Promotional Materials 3,000 3,000
Regional Marketing Initiative 100,000 80,000
Woodbridge Scorecard 1,500 1,500
Website Maintenance 7,000 7,000
4Most Business Program(12) 18,600 18,600
Misc. 5,000 5,000
Total Advertising 146,355 127,000
56090 Community Development
Christian Care Golf Tnmt/Sponsorship 2,000 2,000
Wylie Chamber of Commerce:
Championship Rodeo 1,500 1,500
Banquet 1,500 1,500
Misc. 1,000 1,000
Rotary Club 1,000 1,000
Boots&Barbecue 1,500 1,500
Taste of Wylie 2,000 2,000
Regional Broker Event 10,000 14,000
Industrial Appreciation Event 5,000 5,000
Sporting Events 10,000 0
Flag Program 3,000 3,000
FFA Sale-Sponsorship 1,000 3,000
Merchants Assoc.-Downtown Events 500 500
7/12/2018 11:48 PM
Wylie Economic Development Corporation
FY 2018-2019 Budget
Habitat Golf 500 500
Collin College Gala 2,500 2,500
Collin County Prayer Breakfast 600 600
Coventry Golf Tournament 1,000 1,000
Education Foundation Fit 4 Business Event 5,250 3,000
4Most Events-materials 2,500 1,500
MGA Sponsor 0 2,000
CCIM Sponsor 0 1,500
General Funds 5,000 5,000
Total Community Dev. 57,350 53,600
56110 Communications
Internet 2,400 2,600
Cell Phone Equipment 500 500
Office Lines 2,268 2,160
Microsoft Exchange 600 600
Sales Force Licence 2,800 2,400
Tablet Service 1,368 1,368
Total Communications 9,936 9,628
56180 Rental Expense
250 S.Hwy 78($2,250 @ 12 mo.) 27,000 27,000
Copier Service Agreement 2,328 2,328
Total Rental 29,328 29,328
56210 Travel,Training,and Recruitment
TEDC Conference
Registration 1,200 1,200
Travel 750 750
Lodging 1,000 1,000
Meals 250 250
TEDC Winter
Annual-registration 1,200 800
Travel 750 500
Lodging 1,000 750
Meals 250 250
TEDC Mid-Year
Annual-registration 1,200 800
Travel 750 500
Lodging 1,000 750
Meals 250 250
TEDC Board Retreat 1,200 1,200
ICSC-Nat'!
Registration 3,600 3,600
7/12/2018 11:48 PM
Wylie Economic Development Corporation
FY 2018-2019 Budget
Airfare 3,600 3,000
Lodging 6,000 6,300
Meals 2,400 2,400
ICSC-Texas
Registration 500 500
Airfare 0 0
Lodging 0 0
Meals 400 400
Wylie/Collin County Days 0 10,000
Training-Assistant 0 500
Training-Director 0 500
Training-Assistant Director(3) 5,550 6,000
Sales Tax Training(3) 0 1,225
Prospect Recruitment 10,000 10,000
Total Travel, Train. &Recruit. 42,850 53,425
56250 Dues&Subscriptions
TEDC(2) 1,000 1,000
Rotary(2) 1,458 1,500
Wylie Chamber of Commerce 1,500 1,500
Wylie Merchant Association 75 100
Woodbridge Golf Club 3,550 3,550
ICSC(8) 400 400
Notary Public 0 0
Dallas Business Journal 105 0
Club Corp 7,800 3,500
DFW Marketing Team 2,500 2,500
Impact Data Source 4,500 4,750
Xcelligent 5,400 10,000
Misc. 500 500
Total Dues 29,598 30,110
56310 Insurance
General Liability&Loss Casualty 3,500 2,800
Bond 310 310
Total Insurance 3,810 3,110
56510 Audit and Legal Services
Audit 3,000 3,000
Legal 30,000 30,000
Total Audit&Legal Services 33,000 33,000
56570 Engineering-Architect
Surveying 10,000 10,000
7/12/2018 11:48 PM
Wylie Economic Development Corporation
FY 2018-2019 Budget
Engineering 20,000 20,000
Total Engineering-Architect 30,000 30,000
56610 Utilities
Electricity&Water 2,400 2,400
TOTAL CONTRACTUAL SERVICES 2,189,479 1,840,490
DEBT SERVICE&CAP.REPL
57110 Debt Service
Randack/Hughes 20,214 0
ANB-Peddicord/White 88,589 88,589
ANB-Buchanan 87,983 80,651
ANB-K&M/Hobart 104,943 104,943
Linduff/Edge 204,718 0
Kirby-Dallas Whirlpool 144,174 81,111
Woodbridge Parkway 159,215 159,215
Jarrard 37,310 37,310
Principal Reduction 1,200,000 1,200,000
Total Debt Service 2,047,146 1,751,819
CAPITAL OUTLAY
58110 Land
Acquisition 150,000 200,000
Title Policy 8,952 9,000
Commissions 72,272 91,000
58210 Streets&Alleys
Downtown Alley 0 150,000
544 Water Line 0 150,000
58810 Computer Hardware&Software 1,000 1,000
58830 Furniture&Fixtures 1,000 1,000
TOTAL CAPITAL OUTLAY 233,224 602,000
TOTAL EXPENSES $4,907,969 $4,636,927
7/12/2018 11:48 PM
ylie Econo ic I evelop ent Cor i oration
ME ORANDU
TO: WEDC Board of Directors
FROM: Sam Satterwhite, Executive Director
SUBJECT: Election of WEDC Officers
DATE: July 18, 2018
Issue
Consider and act upon issues surrounding the Election of WEDC Officers.
Analysis
The Wylie City Council recently reappointed Mr. John Yeager and Mr. Demond Dawkins to a
three-year term as a Member of the Wylie Economic Development Corporation Board of
Directors. They have been sworn in by the City Secretary's office.
On an annual basis and following the selection of WEDC Board Members by the Wylie City
Council, the WEDC elects officers for the upcoming year. Provided for your review is Section
V- Officers of the WEDC By-laws. Section V provides for the selection of officers and the duties
of the same.
In 2017 the WEDC Board of Directors elected the current officers:
Marvin Fuller President
Todd Wintters Vice President
John Yeager Secretary
Demond Dawkins Treasurer
Bryan Brokaw Board Member
Recommendation
Staff recommends that the WEDC Board of Directors elect officers for the upcoming year.
Attachment
WEDC By-laws, Section V
4.14 Board's Relationship with Administrative Departments of the City
Any request for services made to the administrative departments of the City shall be made
by the Board of its designee in writing to the City Manager. The City Manager may approve
such request for assistance from the Board when he finds such requested services are available
within the administrative departments of the City and that the Board has agreed to reimburse the
administrative department's budget for the costs of such services so provided.
SECTION V
OFFICERS
501 Officers of the Corporation
The elected officers of the Corporation shall be a President, Vice President, Secretary,
and Treasurer. The Board may resolve to elect one or more Assistant Secretaries or one or more
Assistant Treasurers as it may consider desirable. Such officers shall have the authority and
perform the duties of the office as the Board may from time to time prescribe or as the Secretary
or Treasurer may from time to time delegate to his or her respective Assistant. Any two (2) or
more offices may be held by the same person,except the offices of President and Secretary.
electi n of Officers
The President and Vice President shall be elected by the Board and shall serve a term of
one (1) year. On the expiration of the term of office of the President and Vice President, the
Board shall select from among its Members individuals to hold such office. 'The term of office of
the President and Vice President shall always be for a period of one year;provided,however, that
the President and Vice President continue to serve until the election of their successors.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold
office for a period of one(1)year; provided, however, that they shall continue to serve until the
election of their successors. Elections shall be held at the annual meeting of the Board.
Any officer meeting the qualifications of these Bylaws may be elected to succeed himself
or to assume any other office of the Corporation.
5.03 Vacancies
Vacancies in any office which occur by reason of death, resignation, disqualification,
removal, or otherwise, shall be filled by the Board of Directors for the unexpired portion of the
term of that office in the same manner as other officers are elected to office.
8
Amended
5/25/99
5.04 ' sident
The President shall be the presiding officer of the Board with the following authority:
1. Shall preside over all meetings of the Board.
2. Shall have the right to vote on all matters coming before the Board.
3. Shall have the authority,upon notice to the members of the Board, to call
a special meeting of the Board when in his judgment such meeting is
required.
4. Shall have the authority to appoint standing committees to aid and assist
the Board in its business undertakings of other matters incidental to the
operation and functions of the Board.
5. Shall have the authority to appoint ad hoc committees which may address
issues of a temporary nature or concern or which have a temporary affect
on the business of the Board.
In addition to the above mentioned duties, the President shall sign with the Secretary of
the Board any deed, mortgage, bonds, contracts, or other instruments which the Board of
Directors has approved and unless the execution of said document has been expressly delegated
to some other officer or agent of the Corporation by appropriate Board resolution, by a specific
provision of these Bylaws, or by statute. In general, the President shall perform all duties
incident to the office, and such other duties as shall be prescribed from time to time by the Board
of Directors.
5.05 Vice President
In the absence of the President, or in the event of his or her inability to act, the Vice
President shall perform the duties of the President. When so acting,the Vice President shall have
all power of and be subject to all the same restrictions as upon the President. The Vice President
shall also perform other duties as from time to time may be assigned to him or her by the
President.
5.06 Secretary
The Secretary shall keep or cause to be kept, at the registered office a record of the minutes of all
meetings of the Board and of any committees of the Board. The Secretary shall also file a copy
of said Minutes with the City and the same to be given, in accordance with the provisions of
these Bylaws, or as required by the Texas Open Meetings Act or the Texas Open Records Act or
other applicable law. The Secretary shall be custodian of the corporate records and seal of the
Corporation, and shall keep a register of the mailing address and street address, if different, of
each director.
9
Amended
5/25/99
5.07 Treasurer
The Treasurer shall be bonded for the faithful discharge of his/her duties with such surety
or sureties and in such sum as the Board of Directors shall determine by Board resolution,but in
no event shall the amount of such bond be less than an amount equal to the average of the sums
which the Treasurer has access to and the ability to convert during a twelve(12) month period of
time. The Treasurer shall have charge and custody of and be responsible for all funds and
securities of the Corporation. The Treasurer_shall receive and give receipt for money due and
payable to the Corporation from any source whatsoever, and shall deposit all such moneys in the
name of the Corporation in such bank, trust corporation, and/or other depositories as shall be
specified in accordance with Article VII of these Bylaws. The treasurer shall,in general,perform
all the duties incident to that office, and such other duties as from time to time assigned to him
by the President of the Board.
5.08 Assistant Secretaries and z'stmt Treasurers
The Assistant Secretaries and Assistant Treasurers,if any,shall in general,perform such
duties as may be assigned to them by the Secretary or the Treasurer, or by the President of the
Board of Directors.
5,09 Director of Economic Development
The Corporation may employ a Director of Economic Development. The Director of
Economic Development shall serve as the Chief Executive Officer of the Corporation and shall
oversee all administrative functions of the Corporation. The Director shall develop policies and
procedures for the Corporation including financial, accounting, and purchasing policies and
procedures to be approved by the Board and City Council.
5A 10 Other Employees
The Corporation may employ such full or part-time employees as needed to carry out the
. programs of the Corporation.
5.11 Contracts for Services
The Corporation may, contract with any qualified and appropriate person, association,
corporation or governmental entity to perform and discharge designated tasks which will aid or
assist the Board in the performance of its duties. However, no such contract shall ever be
approved or entered into which seeks or attempts to divest the Board of Directors of its discretion
and policy-making functions in discharging the duties herein above set forth in this section.
to
Amended
5/25/99
ylie Econo ic I evelop ent Corporation
E ORA DU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Regular Meeting Date/Time
DATE: July 18, 2018
Issue
Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC
Board of Directors for 2018-2019.
Analysis
Section 4.07 of the WEDC By-laws states that the President of the Board shall set a regular
meeting date and time at the beginning of his/her term. Currently WEDC Board Meetings are set
for the third Wednesday of each month at 6:30 a.m.
With officers elected via the last Action Item, the WEDC President is required to establish the
Regular Meeting date/time.
Recommendation
Staff recommends that the WEDC President establish a regular meeting date and time for 2018-
2019.
Attachment
WEDC By-laws, Section 4.07
3. Long term issues to be dealt with over the succeeding twelve-
month period or longer period of time, together with
recommendations to meet such issues with emphasis to be placed
on direct economic development.
4. A recap of all budgeted expenditures to date, together with a recap
of budgeted funds left unexpended and any commitment made on
said unexpended funds.
4.05 Implied Duties
The Development Corporation of Wylie, Inc. is authorized to do that which the Board
deems desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.04
of these Bylaws and in accordance with State law.
4.06 Tenure
The initial terms of office for the Directors shall be two (2) Directors with three (3) year
terms, two (2) Directors with two (2) year terms, and one (1) Director with a one (1) year term,
as designated by the Mayor and City Council. After the initial term of office, the Directors shall
serve for three(3) years, and Directors may serve for an unlimited number of consecutive terms.
4,07 Meetings; Notice, Conduct
The Board shall attempt to meet at least once each month within the city of Wylie, at a
place and time to be determined by the President. All meetings of the Board shall provide notice
thereof as provided and as required by the Texas Open Meetings Act. Any member of the Board
may request that an item be placed on the agenda by delivering the same in writing to the
secretary of the Board prior to the posting of the notice required by the Texas Open Meetings
Act. The President of the Board shall set regular meeting dates and times at the beginning of
his/her term. Special Meetings may be called by any member of the Board in accordance with
the provisions of the Texas Open Meetings Act.
The notice shall contain information regarding the particular time, date, and location of
the meeting and the agenda to be considered. All meetings shall be conducted in accordance
with the Texas Open Meetings Act.
The annual meeting of the Board of Directors shall be held in January of each year.
The Board may retain the services of a recording secretary if required.
6
Amended
5/25/99
ylie cono ic evelop ent Corporation
E ORA DU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Direct()
SUBJECT: DANK Real Estate, Ltd. Performance Agreement
DATE: July 18, 2018
Issue
Consider and act upon a First Amendment to Performance Agreement between the WEDC and
DANK Real Estate, Ltd.
Analysis
The WEDC entered into a Performance Agreement(as attached)with DANK on October 25,2017.
The project features a 10,140 square foot expansion and the creation of at least eight additional
full-time employees. This expansion will bring DANK's overall building footprint to 20,577
square feet and a total of 33 full-time employees. As a reminder, the property is located at 216
Windco Circle with DANK moving to Wylie in 2011. This is the second expansion at this location
in seven years with all DANK Houston operations being consolidated to the Wylie headquarters.
As indicated to the Board in a previous meeting, Ms. Hodge planned to begin the project within
the first quarter of 2018,but due to an unforeseen family medical issue,the project has just broken
ground recently. While it is possible that Ms. Hodge can still meet the initial January 31, 2019
deadline, staff believes that additional time is warranted under the circumstances. To that end and
to allow for further delays which may occur during the construction process, staff believes a 6-
month extension to meet the performance deadlines is in the best interest of the Project.
Current Performance Measures and Incentive Payments are identified as follows:
Incentive No. la ................•, • $15,600
A Proof of application for Certificate of Occupancy for a 10,140-square foot facility
and letter from the City of Wylie Building Official stating compliance with
application requirements by January 31, 2019; and
A Minimum project cost of$1,500,000; and
A Development Fees imposed by the City of Wylie of not less than $15,600; and
A Proof of twenty-five (25) full-time employees; and
A Ad valorem property taxes current.
A Eligibility expiration is January 31, 2019.
DANK Real Estate, Ltd
July 11, 2018
Page 2 of 2
Incentive No. lb ....... $21,500
A Certificate of Occupancy for a 10,140-square foot facility not later than January 31,
2019.
A Eligibility expiration is January 31, 2019.
A CCAD real &personal property valued at a minimum of$2,100,000; and
A Ongoing operations of Deanan Popcorn; and
A Proof of twenty-nine (29) full-time employees; and
A Ad valorem property taxes current.
A Eligibility expiration is January 31, 2020.
Incentive No. 3 $23,000
A CCAD real &personal property valued at a minimum of$2,100,000; and
A Ongoing operations of Deanan Popcorn; and
A Proof of thirty-three (33) full-time employees; and
A Ad valorem property taxes current.
A Eligibility expiration is January 31, 2021.
As indicated above and referenced within the First Amendment to Performance Agreement, staff
is requesting that the Board consider a six-month extension for DANK to meet all Performance
Measures identified within Section II a, b, c, and d of the Performance Agreement.
Recommendation
Staff recommends that the WEDC Board of Directors approve a First Amendment to a
Performance Agreement between DANK Real Estate, Ltd, and the WEDC.
Attachments
First Amendment to Performance Agreement
Performance Agreement(10-25-17)
FIRST AMENDMENT TO PERFO' CE AGREEMENT
THIS FIRST AMENDMENT TO PERFORMANCE AGREEMENT(this "First Amendment"), is
entered into and is effective as of the 18th day of July 2018 by and between the WYLIE ECONOMIC
DEVELOPMENT CORPORATION (the "WEDC"), a Texas economic development corporation, and
Dank Real Estate,Ltd.,a Texas limited partnership(the"Company").
WITNESSETH:
WHEREAS, WEDC Board of Directors approved that certain Performance Agreement between
WEDC and Company on October 25, 2017 to facilitate a 10,410-square foot expansion of their current
facility(the"Project"); and
WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain respects,
as more particularly set forth in this First Amendment.
NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the beginning
start date of the project,the WEDC and Company covenant and agree as follows:
1. Defined Terms. Capitalized terms used but not defined in this First Amendment will have
the meanings given to them in the Agreement.
2. Modification to Performance Obligations. Notwithstanding anything to the contrary in the
Agreement,the Eligibility Expiration Dates by which the Company must provide receipt of documentation
to prove Compliance with the Performance Requirements associated with the project located in Wylie,
Texas as defined in Section II(a,b,c&d)are hereby extended six months or until 5:00 p.m. CST, on July
31st of the calendar year referenced within each Section.
3. Ratification. As expressly modified by this First Amendment, the Agreement is hereby
ratified and confirmed by WEDC and Company.
4. Countei parts. Transmission. This First Amendment may be executed in multiple
counterparts, each of which shall be deemed an original,and all of which shall constitute one and the same
agreement. Transmission of an executed signature page of this First Amendment by email will be effective
to create a binding agreement.
[Signatures appear on next page]
IN WITNESS WHEREOF,the parties hereto have executed this First Amendment the day and year
first above written.
WEDC:
Wylie Economic Development
Corporation, a Texas Corporation
By:
Name:
Title:
CO I'ANY:
Dank Real Estate,Ltd.,
a Texas Limited Partnership
By:
Name:
Title:
3
PEIRFO ' NCE AGREEMENT
Between
WYLIE ECONOMIC DEVELOPMENT CORPO TION
And
DANK REAL ESTATE, LTD.
This Performance Agreement (this "Agreement") is made and entered into by and between
the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized
and existing under the Development Corporation Act of 1979, as amended from time to time (the
"Act"), and Dank Real Estate, Ltd., a Texas limited partnership (the "Company").
CITALS
WHE ' AS, the Company is desirous of making real and personal property improvements
in the form of a 10,140-square foot expansion of their manufacturing and warehouse facility and the
addition of Eight (8) Full-Time Employees at the property (the "Project"). The project will have a
minimum cost of One Million Five Hundred Thousand Dollars ($1,500,000) and is located at 216
Windco Circle in Wylie, Texas (the"Facility"); and
WHEREAS, the Company has requested that the WEDC provide economic assistance to
offset the cost of the construction for the Project and other expenses associated with constructing
the Facility in the City of Wylie, Texas; and
WHEREAS, the Company currently has Twenty-Five (25) Full-Time Employees with
construction of the Project in the City of Wylie, Texas ultimately creating additional "primary
jobs", as that term is defined in the Act; and
WHEREAS, the WEDC has determined that it is in the best interest of the public and the
City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC
was established to encourage the development and use of business properties within the City; and
WHEREAS, the WEDC has estimated that $15,600 will be assessed by the City of Wylie in
development fees to be paid prior to issuance of Certificate of Occupancy of the Facility; and
WHEREAS, for the public purpose of promoting economic development and diversity,
increasing employment, reducing unemployment and underemployment, expanding commerce and
stimulating business and commercial activities in the State of Texas, and the City of Wylie, the
WEDC desires to offer economic assistance to Company as more particularly described in this
Agreement.
NOW, THEREFORE, for and in consideration of the promises, covenants and agreements
set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and
Company agree as follows:
I. Ecoliontic Assistance. Subject to the terms of this Agreement, the WEDC will provide
economic assistance in an amount up to, but not to exceed Eighty-Three Thousand Dollars
($83,000.00) (the "Economic Development Incentives"). The Economic Incentives will be
Page 1 of 6
WABoard12017\10-25-17\Dank.Real Estate-Performance Agreement doe
paid according to the criteria set forth herein with the WEDC's obligation to pay the
Economic Development Incentives terminating on January 31, 2021.
Upon meeting the qualifications and requirements (the "Performance Requirements"), the
Company shall be entitled to the following Economic Development Incentives:
Economic Pevelopment Incentive Payment Schedule
Expected Cost/Value of WEDC Total WEDC Eligibility
Year Incentive Project Incentive Incentive Expiration
2018 No. la $1,500,000 $15,600 $15,600 1-31-2019
2018 No. lb $1,500,000 $21,500 $37,100 1-31-2019
2019 No. 2 $2,100,000 $22,900 $60,000 1-31-2020
2020 No. 3 $2,100,000 $23,000 $83,000 1-31-2021
II. Performance Requirements for Economic Development incentive,
a. Incentive No. la: An Economic Development Incentive, for the benefit of the
Company, of Fifteen Thousand Six Hundred Dollars ($15,600) will be paid to the City of
Wylie upon completion of the following Performance Requirements for Incentive No. la:
1) Receipt of documentation by WEDC supporting Company's application to
the City of Wylie for a Certificate of Occupancy supporting the construction
of a 10,140-square foot facility expansion located at 216 Windco Circle in
Wylie and a letter from the City of Wylie Building Official indicating
Company has complied with all requirements of said application, approval of
said documentation at the sole and absolute discretion of the WEDC; and
2) Receipt of a 'Permit Fee Receipt' from the City of Wylie for development
fees of not less than $15,600, approval of said documentation at the sole and
absolute discretion of the WEDC; and
a) Should development fees imposed by the City of Wylie exceed $15,600,
Company shall pay 100% of the overage; and
3) Receipt of documentation by WEDC supporting a minimum project cost of
One Million Five Hundred Thousand Dollars ($1,500,000) as evidenced by
paid invoices supporting the minimum expenditures for construction costs
associated with the Project and acquisition/relocation of new personal
property, approval of said documentation at the sole and absolute discretion
of the WEDC; and
4) Company is current on all ad valorem taxes and other property taxes due on
the Facility by January 31 of the year after they are assessed and provide
Page 2 of 6
W\Board\2017\10-25-17\Danlc Real Estate-Performance Agreement doc
written notice and evidence of such payment to WEDC in a form satisfactory
to WEDC; and
5) Employment verification proving a minimum of Twenty-Five (25) Full-Time
Employees at time Agreement is executed.
6) Eligibility expiration for the Company to qualify for this Incentive No. la is
January 31, 2019.
b. Incentive No. lb: An Economic Development Incentive of Twenty-One Thousand
Five Hundred Dollars ($21,500) will be paid to Company upon completion of the following
Performance Requirements for Incentive No. lb:
1) Receipt of documentation by WEDC of a Certificate of Occupancy, for a ten
thousand one hundred and forty (10,140) square foot expansion located at
216 Windco Circle, issued by the City of Wylie, approval of said
documentation at the sole and absolute discretion of the WEDC; and
2) Eligibility expiration for the Company to qualify for this Incentive No. lb is
January 31, 2019.
c. Incentive No. 2: An Economic Development Incentive of Twenty-Two Thousand
Nine Hundred Dollars ($22,900) will be paid to Company upon completion of the following
Performance Requirements for Incentive No. 2:
1) Receipt of documentation by WEDC supporting a minimum valuation of
Two Million One Hundred Thousand Dollars ($2,100,000) for real and
personal property located at 216 Windco Circle in Wylie, Texas as evidenced
by a certified appraisal issued by the Collin County Central Appraisal
District, approval of said documentation at the sole and absolute discretion of
the WEDC; and
2) Company is current on all ad valorem taxes and other property taxes due on
the Facility by January 31 of the year after they are assessed and provide
written notice and evidence of such payment to WEDC in a form satisfactory
to WEDC; and
3) Receipt of documentation by WEDC evidencing the ongoing operations of
Deanan Popcorn at 216 Windco Circle, Wylie, Texas, approval of said
documentation at the sole and absolute discretion of the WEDC; and
4) Employment verification proving a minimum of Twenty-Nine (29)Full-Time
Employees on December 31, 2019.
5) Eligibility expiration for the Company to qualify for this Incentive No. 2 is
January 31, 2020.
Page 3 of 6
W:1Board\20 17\10-25-17\Dank Real Estate-Performance Agreement doe
d. Incentive No. 3: An Economic Development Incentive of Twenty-Two Thousand
Nine Hundred Dollars ($23,000) will be paid to Company upon completion of the following
Performance Requirements for Incentive No. 3:
1) Receipt of documentation by WEDC supporting a minimum valuation of
Two Million One Hundred Thousand Dollars ($2,100,000) for real and
personal property located at 216 Windco Circle in Wylie, Texas as evidenced
by a certified appraisal issued by the Collin County Central Appraisal
District, approval of said documentation at the sole and absolute discretion of
the WEDC; and
2) Company is current on all ad valorem taxes and other property taxes due on
the Facility by January 31 of the year after they are assessed and provide
written notice and evidence of such payment to WEDC in a form satisfactory
to WEDC; and
3) Receipt of documentation by WEDC evidencing the ongoing operations of
Deanan Popcorn at 216 Windco Circle, Wylie, Texas, approval of said
documentation at the sole and absolute discretion of the WEDC; and
4) Employment verification proving a minimum of Thirty-Three (33) Full-Time
Employees on December 31, 2020.
5) Eligibility expiration for the Company to qualify for this Incentive No. 3 is
January 31, 2021.
III. WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement,
the WEDC shall pay the Incentives within approximately five (5) days of receipt of the
required documentation from the Company, subject to verification by the WEDC that the
Performance Requirements have been met or exceeded by the Company. Further, Incentives
No. 2 and No. 3 will be paid not sooner than 12 months following payment of preceding
Incentive Payment.
IV Non-Attainment of Performance Requirements. In the event that the Company does not
meet or exceed a Performance Requirement as specified in Section II (a), the WEDC
Economic Development Incentive will be voided in advance of payment in addition to all
future Economic Development Incentive payments being voided at the sole discretion of the
WEDC. The Company will not be eligible to receive an Economic Development Incentive
payment if documentation supporting Performance Requirements are not received by
WEDC prior to the Eligibility Expiration Date. Company will be notified in writing in the
event a Performance Requirement is not met and have thirty (30) days to cure said default.
V Economic Assistance Termination. The Agreement may be terminated by mutual
agreement of the parties or by either party, upon the failure of the other party to fulfill an
obligation as set forth in Section II above. Regardless of the Company's level of attainment
of the Performance Requirements set forth in Section II above, the WEDC's obligation to
pay the Reimbursement Incentive will expire in full on January 31, 2021.
Page 4 of 6
W.113oard\2017\10-25-17Wank Real Estate-Performance Agreement.doc
VI Employee Hiring, Materials and Supplies Purchase. Although not an event of default or
a condition to any advance in the Agreement, WEDC requests that the Company satisfies its
need for all construction contractors from Wylie residents and purchase all materials,
supplies and services necessary to affect the Project and subsequent occupancy of the
Facility from Wylie merchants and businesses
VII. Community Involvement. Although not an event of default or condition of any advance
hereunder, the Company agrees to actively participate in community and charitable
organizations and/or activities, the purpose of which are to improve the quality of life in the
City of Wylie, Texas, and to actively encourage its employees to be involved in such
organizations and/or activities.
VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary
Company's records, documents, agreements and other instruments in furtherance of the
following purposes: (i) to ensure the Company's compliance with the affirmative covenants
set forth in this Agreement; (ii) to determine the existence of an Event of Default under the
terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set
forth herein or any related documents. Company will provide reports certifying the status of
compliance, jobs retained, new investments and any other relevant information until the
termination of this Agreement
IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary,
WEDC shall have no obligation to disburse WEDC Economic Development Incentives if
the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is
adjudged bankrupt, or is delinquent on any property tax payments or an Event of Default
under the terms of this Agreement occurs.
X. Non-Payment of Economic Assistance. The following will constitute an Event of Default
and any advance shall not be forgiven in an Event of Default: the Company becomes
insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay
ad valorem taxes, or files suit against the City and/or the WEDC_
. Miscellaneous.
a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable
by Company without the prior written consent of the WEDC, which consent may be
withheld by the WEDC in its sole and absolute discretion.
b. This Agreement shall be construed according to the laws of the State of Texas and is
subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated
herein by reference for all purposes. In the event any provision of the Agreement is in
conflict with article 5190.6, article 5190.6 shall prevail.
c. This Agreement contains the entire agreement of the parties regarding the within subject
matter and may only be amended or revoked by the written agreement executed by all of
the parties hereto.
Page 5 of 6
w Board\201711 0-25-17\Dank Real 1,state-Performance Agreement doc
d. This Agreement shall be governed by the laws of the State of Texas and is specifically
performable in Collin County, Texas.
e. Any notice required or permitted to be given under this agreement shall be deemed
delivered by depositing the same in the United States mail, certified with return receipt
requested, postage prepaid, addressed to the appropriate party at the following addresses,
or at such other address as any part hereto might specify in writing:
WEDC Samuel D. R. Satterwhite
Executive Director
Wylie Economic Development Corporation
250 South Highway 78
Wylie, Texas 75098
CO 'ANY DANK Real Estate, Ltd.
216 Windco Circle
Wylie, TX 75098
Attention: Barbara Hodge, President
By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of
the party indicated, that such party has taken all action necessary to authorize the execution and
delivery of the Agreement and that the same is a binding obligation on such party.
..-4-----
EXECUTED this . day of October 2017.
WEDC:
Wylie Economic Development Corporation
By
Samuel D.R. Satterwhite, Executive Director
COMPANY:
----;--7.
DANK e ,-Estate Ltd, • ,-./
( Bo ra Hodge, President
Page 6 of 6
WATIoard\2017\1 0-25-17\Dank Real Estate-Performance Agreement.doc
ylie .Econo P evelop ent Corporation
E ORANDU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Taylor and Son Properties, LLC
DATE: July 12, 2018
Issue
Consider and act upon a Performance Agreement between the WEDC and Taylor and Son
Properties, LLC.
Analysis
As reported at the May 16th Board Meeting, staff approached Taylor & Son to encourage the
maximum amount of parking spaces be developed at the 1,290 square foot remodel taking place
by Taylor at their new 107 Jackson Street acquisition. Staff was able to confirm that with WEDC
assistance, Taylor will provide seven parking spaces behind the building.
After seeking the Board's authorization, at the and June 8th Board Meeting staff has prepared a
Performance Agreement. The attached agreement provides a $3,200 incentive for infrastructure
assistance to Taylor and Son Properties, LLC.
Performance Measures are identified as follows:
A. Proof of Certificate of Occupancy for a 1,290-square foot office building issued by
the City of Wylie by November 1, 2018; and
A Minimum project cost of$75,000; and
A Minimum qualified infrastructure cost of$6,400; and
A Construction of a minimum of seven parking spaces; and
A Ad valorem property taxes current.
A Eligibility expiration is November 30, 2018.
Recommendation
Staff recommends that the WEDC Board of Directors authorize the Executive Director to enter
into a Performance Agreement with Taylor and Son Properties, LLC to provide $3,200 in
reimbursements for qualified infrastructure assistance.
Attachments
Performance Agreement
PERFORMANCE AGREEMENT
Between
WYLIE ECONOMIC DEVELOPMENT CORPO ' TION
And
Taylor and Son Properties,LLC
This Performance Agreement (this "Agreement") is made and entered into by and between the
Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and
existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"),
and Taylor and Son Properties, LLC, a Texas limited liability company (the "Company").
RECITALS
WHEREAS, the Company is desirous of making real property improvements in the form of
renovating a 1,290 square foot office building (the "Project"). The project will have an estimated
project cost of Seventy-Five Thousand Dollars ($75,000) and is located at 107 Jackson Street in
Wylie, Texas (the "Facility"); and
WHEREAS, the Company has requested that the WEDC provide economic assistance to
facilitate the renovation of the Facility and the related qualified Infrastructure improvements by
providing cost reimbursement for the proposed improvements (the "Improvements"); and
WHEREAS,the WEDC has determined that it is in the best interest of the public and the City
and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was
established to encourage the development and use of business properties within the City; and
WHEREAS, for the public purpose of promoting economic development and diversity,
increasing employment, reducing unemployment and underemployment, expanding commerce and
stimulating business and commercial activities in the State of Texas, and the City of Wylie, the
WEDC desires to offer economic assistance to Company as more particularly described in this
Agreement.
NOW, THEREFORE, for and in consideration of the promises, covenants and agreements
set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and
Company agree as follows:
I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide the
Company economic assistance in an amount up to, but not to exceed Three Thousand Two
Hundred Dollars ($3,200.00) (the "Economic Development Incentives"). The Economic
Incentives will be paid per the criteria set forth herein with the WEDC's obligation to pay the
Economic Development Incentives terminating on November 30, 2018.
Upon meeting the qualifications and requirements (the "Performance Requirements"), the
Company shall be entitled to the following Economic Development Incentive:
Page 1 of 5
518822-1
Economic Development Incentive Payment Schedule:
Expected Cost of WEDC Cumulative Eligibility
Year Incentive Improvements Incentive Incentive Expiration
2018 No. 1 $75,000 $3,200 $3,200 11/30/18
II. Requirements for Reimbursement Incentive.
a. Incentive No. 1: An Economic Development Incentive of Three Thousand Two
Hundred Dollars ($3,200.00) will be paid to Company upon completion of the
following Performance Requirements for Incentive No. 1:
1) Receipt of documentation by WEDC of a Certificate of Occupancy for no less
than a one thousand two hundred ninety (1,290) square foot office building
located at 107 Jackson Street, issued by the City of Wylie by November 1,
2018, approval of said documentation at the sole and absolute discretion of the
WEDC; and
2) Receipt of documentation by WEDC supporting a minimum project cost of
Seventy-Five Thousand Dollars ($75,000) as evidenced by paid invoices
supporting the minimum cost, approval of said documentation at the sole and
absolute discretion of the WEDC; and
3) Receipt of documentation by WEDC supporting a minimum cost of Six
Thousand Four Hundred Dollars ($6,400) for the construction of Qualified
Infrastructure (a minimum of seven paved parking spaces, more specifically
improvements made to expand and enhance parking infrastructure required to
support the Facility); and
4) Company is current on all ad valorem taxes and other property taxes due on the
Facility by January 31 of the year after they are assessed and provide written
notice and evidence of such payment to WEDC in a form satisfactory to
WEDC; and
5) Eligibility expiration for the Company to qualify for this Incentive No. 1 is
November 30, 2018.
III. WEDC Payment of Reimbursement Incentives. Supporting documents must be submitted
to the WEDC not more than thirty (30) days from the eligibility expiration. Subject to the
terms of this Agreement, the WEDC shall pay the Reimbursement Incentives within five (5)
business days of receipt of the required documentation from the Company, subject to
verification by the WEDC that the Performance Requirements have been met by the
Company.
Page 2 of 5
WABoard\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc
IV. Non-Attainment of Performance Requirements. In the event that the Company does not
meet or exceed a Performance Requirement as specified in Section II, the WEDC Economic
Development Incentive will be voided in advance of payment in addition to all future
Economic Development Incentive payments being voided at the sole discretion of the WEDC.
The Company will not be eligible to receive an Economic Development Incentive payment if
documentation supporting Performance Requirements are not received by WEDC prior to the
Eligibility Expiration Date. Company will be notified in writing in the event a Performance
Requirement is not met and have thirty (30) days to cure said default.
V. Economic Assistance Termination. The Agreement may be terminated by mutual
agreement of the parties or by either party, upon the failure of the other party to fulfill an
obligation as set forth in Section II above. Regardless of the Company's level of attainment of
the Performance Requirements set forth in Section II above, the WEDC's obligation to pay a
portion or all of the Reimbursement Incentive will expire in full on November 30, 2018.
VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a
condition to any advance in the Agreement, WEDC requests that the Company satisfy its need
for all additional employees from Wylie residents and purchase all materials, supplies and
services necessary to affect the renovations and subsequent occupancy of the leased office
space from Wylie merchants and businesses.
VII. Community Involvement. Although not an event of default or condition of any advance
hereunder, the Company agrees to actively participate in community and charitable
organizations and/or activities, the purpose of which are to improve the quality of life in the
City of Wylie, Texas, and to actively encourage its City of Wylie employees to be involved in
such organizations and/or activities.
VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary
Company's records, documents, agreements and other instruments in furtherance of the
following purposes: (i) to ensure the Company's compliance with the affirmative covenants
set forth in this Agreement; (ii) to determine the existence of an Event of Default under the
terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set
forth herein or any related documents.
IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC
shall have no obligation to disburse WEDC Economic Incentives if the Company becomes
insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged bankrupt, is
delinquent on any property tax payments, or an Event of Default under the terms of this
Agreement occurs.
X. Non-Payment of Economic Assistance. The following will constitute an Event of Default:
the Company becomes insolvent, makes any materially false statements to the City and/or the
WEDC, fails to pay ad valorem taxes, any event of bankruptcy, or files suit against the City
and/or the WEDC.
Page 3 of 5
W\Board\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc
XI. Miscellaneous.
a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable
by Company without the prior written consent of the WEDC, which consent may be
withheld by the WEDC in its sole and absolute discretion.
b. This Agreement shall be construed according to the laws of the State of Texas and is
subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated
herein by reference for all purposes. In the event any provision of the Agreement is in
conflict with article 5190.6, article 5190.6 shall prevail.
c. This Agreement contains the entire agreement of the parties regarding the within subject
matter and may only be amended or revoked by the written agreement executed by all of
the parties hereto.
d. This Agreement shall be governed by the laws of the State of Texas and is specifically
performable in Collin County, Texas.
e. Any notice required or permitted to be given under this agreement shall be deemed
delivered by depositing the same in the United States mail, certified with return receipt
requested, postage prepaid, addressed to the appropriate party at the following addresses,
or at such other address as any part hereto might specify in writing:
WEDC: Samuel D. R. Satterwhite
Executive Director
Wylie Economic Development Corporation
250 South Hwy 78
Wylie, Texas 75098
COMPANY: Taylor and Son Properties, LLC.
Attn: Sam Taylor, Member
109 Jackson St.
Wylie, TX 75098
By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the
party indicated, that such party has taken all action necessary to authorize the execution and delivery
of the Agreement and that the same is a binding obligation on such party.
EXECUTED this day of July 2018.
WEDC:
WYLIE ECONOMIC DEVELOPMENT CORPORATION
By:
Samuel D. R. Satterwhite, Executive Director
Page 4 of 5
W:\Board\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc
COMPANY:
Taylor and Son Properties, LLC, a Texas
limited liability company
By:
Sam Taylor, Member
Page 5 of 5
W:\Board\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc
ylie cono ic I evelo • ent Corporation
E ORANDU
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Staff Report
DATE: July 9, 2018
Issue
Staff report: review issues surrounding WEDC Performance Agreement Summary,
Environmental Activity Summary, REVA Hospitality, Sanden/Hensley roadway improvements,
Aerials, KCS Strategic Partners Conference, WEDC website, public information request, active
project summary, and regional housing starts.
Analysis
As a reminder to Board members, the Board may not discuss an item which is not specifically
identified on the agenda. Only those items listed above can be discussed. Should any Board
member desire that an issue be placed on the agenda at any time prior to a Board meeting, WEDC
President or staff can be contacted, or a request can be made during the Discussion Item below.
WEDC Performance Agreement Summary
Attached for the Board's review is a summary of all outstanding Performance Agreements
including: B&B Theatres Operating Company, Clark Street Development, Cross Development,
DANK Real Estate, DCU, Exco Extrusion Dies, Hooper-Woodbridge, MIKTEN, REVA
Hospitality, SAF Holland, SCSD-Finnell, and Woodbridge Crossing.
Woodbridge Crossing
Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales
taxes received through June 2018 within Woodbridge Crossing for the City General Fund, the
WEDC,and the 4B. As a reminder,the City and WEDC reimbursed 85%of all sales tax generated
within Woodbridge Crossing through September 2013 with the reimbursement percentage reduced
to 65%thereafter. Due to the default under the Amended and Restated Performance Agreement,
Woodbridge Crossing is only eligible to receive up to $6 million in sales tax reimbursement
through September 2021 as opposed to the maximum reimbursement of $12 million originally
contemplated.
$5,075,964.32 in reimbursements has been earned through June 2018 with net receipts of
$4,357,541.43 after reimbursements. As well, it is estimated that $4.7 mm has been paid in ad
valorem taxes to the City of Wylie (excluding the WISD) for a total of$8.7 mm in tax revenue,
WEDC- Staff Report
July 9, 2018
Page 2 of 4
net of reimbursements, since October 2009. As shown on the Sales Tax Reimbursement Report,
$107,566.59 was generated in sales tax in April 2018 versus $98,965.28 in April 2017. This
represents an 8.69% increase over 2017 receipts.
It is estimated that the City of Wylie and WEDC financial obligations to the Woodbridge Crossing
project will conclude within the Second Quarter of 2019. The impact to the WEDC budget will
be a decrease in expenses of approximately$500,000 to the City and $250,000 to the WEDC.
Woodbridge Centre
Within the Kroger-anchored center, $13,894.87 in sales tax was generated in April 2018 with
$3,473.72 subject to reimbursement. April 2018 sales represents a 28% increase over the same
period in 2017. Clark Street has reported that construction of the Pet Supply Plus and Credit Union
of Texas are slightly behind but progressing. Also, the developer has reported that most tenants
have renewed recently and there is an LOT being negotiated for the last remaining lease space
fronting Woodbridge Parkway.
Environmental Activity Summary
Attached for the Board's review is a spreadsheet tracking all active remediation projects with
W&M Environmental. Previous reports detailed all projects with W&M dating back to February
2015. While staff will maintain these records so as to provide a clear understanding of what it
took to remediate multiple projects over the years, the Board will only be provided with updates
on active projects from this point forward.
REVA Hospitality
REVA failed to obtain a Certificate of Occupancy by June 30, 2018 as required under the
Performance Agreement. On July 9, 2018, a notice of default and termination of the Performance
Agreement was sent Certified Mail, Return Receipt Requested. No response from REVA has
been received to date.
Sanden/Hensley Roadway Improvements
As staff works with the contractor for alley improvements east of Ballard Street, they will also be
asked to quote maintenance to the brick paver entrance at Sanden&Hensley which is significantly
failing adjacent to the curbs. While this is a public street and technically a City responsibility,the
need for repair is extremely low on the City priority list. Further, Premier Business Park was
originally a WEDC project and staff believes we need to continue to protect the investment by
existing businesses and potential businesses looking at the vacant 3-acre lot at Sanden and Hensley.
Aerials
Mr. Greiner has been working for several months to updated WEDC aerial photography/maps and
should deliver a final draft to Flyer View (previously Aerial Focus) on or about July 20th. A final
product will be delivered to the WEDC on or about August 3rd.
WEDC- Staff Report
July 9, 2018
Page 3 of 4
KCS Strategic Partners Con erence
Mr. Greiner and myself have been invited to attend the Kansas City Southern Strategic Partners
Conference in Kansas City September 18th — 19th. The KCS Industrial Development Manager
believed this would be a good opportunity for WEDC staff to learn more about KCS, the rail
outlook for 2018—2019, and network with the KCS Intermodal Sales Team.
With over 225 individuals registered for the conference, staff will also have the opportunity to
meet with other municipalities, State/local economic development agencies, and logistics
consultants. An agenda for the Conference is attached for your review.
WEDC Website
As an FYI and as reported to Council recently, Staff continues to work toward completing the
WEDC website which has been down for some time. Several months ago, Mr. Greiner completed
the basic structure of the site and drafted copy for all the pages. My review of the copy has been
significantly delayed but is absolutely a priority at this time. Based upon my final review being
completed the week of July 16th, Mr. Greiner believes we can go live on the site by August 10th.
Public Information Request
Again, as an FYI, the WEDC has spent significant resources recently on public information
requests pertaining to all activities surrounding the redevelopment of the 5-acre site at Cooper and
State Highway 78 as well as the acquisition of the JarrardlGrey's Auto Electric property on
Industrial Court. From June 18 — 29, approximately 45 man-hours were needed to compile over
3,000 original pages and 210 electronic files for the above referenced projects. Included in that
time was comparing the hard copy original documents to duplicate electronic files paring down
the 3,000 pages to 1,599 pages. The final task which will be accomplished the week of July 16th
will be to go through every email pertaining to the above request.
Active Project Summary
So that the Board will have a summary of WEDC active projects staff that may not be at a point
to present in Executive Session, staff will be providing an active project summary each month as
follows:
New Projects (past 45 days)
General office (1) potentially to locate within downtown Wylie
Tech/Manuf. relo 30,000 sf, $2.5 mm invest., 35 —60 jobs
Office/Warehouse relo 23,000 sf, $2.5 invest., 100+ employees
Industrial/flex space large tract under contract, due diligence phase
Local Manufacturer Retention project $10 - $20 mm equip/technology upgrade
Restaurant Inquiries 2 national full-service, 4 national fast-casual
Ongoing Projects
WEDC- Staff Report
July 9, 2018
Page 4 of 4
Trout Spec Bldg 4,944 sf, CO issued, $490,000 invest., M&W
Custom Cabinets leased 100% of facility
Sargent Spec Bldg 11,940 sf, $1.2 mm invest., App for CO at City
DCU 11,200 sf, $1.2 mm invest., App for CO at City
Deanan 10,140 sf, 1.1 mm invest., 8 new jobs, under const.
Lanman Medical 5,552 sf, $829,000 invest., under const.
Brookshires Bldg Attempting to set meeting with Real Estate Dept.
Lost Opportunities
Semiconductor Manufacturer 11,875 sf, $2.1 mm invest., construction bids came
in and dropped the project in Regency Business Park
CrossFit/Gym 10,000 sf, $1.7 mm invest., construction bids came
in and dropped the project in Regency Business Park
Regional Housing Starts
Forty-seven homes were permitted in Wylie for the month of June 2018. Sachse, Murphy and
Lavon permitted a combined eighteen with Inspiration permitting thirty-five.
No action is requested by staff for this item.
Attachments
Performance Agreement Summary
Environmental Activity Report
KCS Conference Agenda
Regional Housing Permits
Outstanding Performance Agreement Summary
Company Performance Obligations Expiration Incentive Comment/Notes
B&B Theatres Phase I -CO 56,000 sf, 12 screen theater; 1
documentation of$600,000; documentation of 1
total expend.for land, improvements and personal
property of$10,000,000. 12/31/2013 $100,000 Paid
Cumulative valuation amended to$7,300,000. 12/31/2014 $25,000 Paid
12/31/2015 $25,000 Paid
12/31/2016 $25,000 Paid
12/31/2017 $25,000 Paid
12/31/2018 $25,000
Total Incentive not to
B&B Theatres Sales Tax Reimb. Qrtly Sales Tax reimbursement equal to .005 12-18Annually exceed $600,000
Cross Development Purchase and take title to the property by
3/20/18. 3/20/2018 Complete
Complete plans and submit for approval;
commence construction of multifamily units by 1
8/1/18. 8/1/2018
Complete construction of retail space and at least
3,200 sf of restaurant space and obtain COC by
'9/1/20. 9/1/2020
Provide documentation to WEDC evidencing
construction costs for Phase One of$32mm by
9/1/20 9/1/2020 $250,000
CSD Woodbridge Phase I -Acquire property for 110,000 sf Kroger by
17/31/2016; CO by 3/31/2014 3/31/2014, $100,000 Paid
Phase II-CO for 120,600 sf retail space Sales tax
(completed) 3/31/2014 reimburse quarterly
Phase Ill -CO for 127,600 sf retail space Sales tax
(completed) 3/31/2017 reimburse quarterly
Outstanding Performance Agreement Summary
Sales tax
reimburse
(ending earlier
of $1.1 mm
paid or 10 Cumulative incentive not
years from to exceed $1.1 mm.
Phase IV-CO for 134,600 sf retail space Start Date Reimbursement
(completed) 3/31/2019 (9/15/23). spreadsheet attached.
Dank Real Estate-2
11a. Documentation of company's application for
CO for a 10,140 sf expansion at 216 Windco Cir.;
permit fee receipt for not less than $15,600
(overage to be paid by WEDC), documentation for
construction costs of$1,500,000; current on ad
valorem taxes;verification of employment of 25
full time employees as of 10/25/17. 1/31/2019 $15,600
lb. CO for a 10,140 sf expansion at 216 Windco
Cir. 1/31/2019 $21,500
2. Minimum valuation of$2,100,000 for real and
personal property at 216 Windco Cir.; current on
ad valorem taxes; ongoing operations of Deanan
Popcorn at facility; employment verification of 29
full-time employees. 1/31/2020 $22,900
3. Minimum valuation of$2,100,000 for real and
personal property at 216 Windco Cir.; current on
ad valorem taxes; ongoing operations of Deanan
Popcorn at facility; employment verification of 33
,full-time employees. 1/31/2021 23,000
Outstanding Performance Agreement Summary
DCU,Inc. 1.a. 1. Documentation supporting application to
City of Wylie for a CO for a 11,200 sq ft facility
located at 2774 Capital; 2. permit fee receipt from
City of Wylie for not less than$31,534; 3.
documentation supporting construction cost of
$700,000; 4. documentation supporting an
executed contract of not less than $39,885 to
extend a gas line 725 feet to the easternmost
property line of lot located at 2774 Capital Street;
5. current on ad valorem taxes.
8/1/2018 $31,534
1.b. 1.Certificate of Occupancy, 11,200 Sq ft $51,324 --
building; 2. receipt of documentation supporting $19,311 paid
construction of a gas line at the easternmost to Company;
property line at a cost of not less than $39,885; t$32,013 paid
3. letter from Atmos Energy asserting that to Company's
improvements installed to Atmos standards and Utility $32,013 paid to gas line
available to other customers. 8/1/2018 Contractor installation contractor
2. Minimum valuation of$1,200,000 for real and
personal Property; current on ad valorem taxes,
continuous operations at 2774 Capital. 8/1/2019 $12,500
3. Minimum valuation of$1,200,000 for real and
personal Property; current on ad valorem taxes,
continuous operations at 2774 Capital. 8/1/2020 $12,500
Exco Extrusion Dies(Texas), Inc. A. CO on 30,000 sf building 2/24/2016 $87,000 Paid
B. On an annual basis maintain appraised value of
$7.55 mm, maintain Texas as principal place of
business, employ 20 full time employees 2/24/2017 $20,000 { Paid
Outstanding Performance Agreement Summary
2/24/2018 $20,000 Paid
2/24/2019 $20,000
2/24/20201 $20,000
Seller financing on $350,000 note,forgiven
annually beginning 1-31-17 in equal amounts of Forgiveness#1-2-24-17
$70,000 for 5 years. 2017-2021 $350,000 ' Forgiveness#2-2-24-18
! I
Hooper Woodbridge II 1. Building permit for no less than 5,500 sf
medical office building; and 6/1/2018. Complete
2. CO for no less than 5,500 sf medical office
building; and 2/28/2019j
3. Documentation supporting a minimum project
cost of$750,000; and 2/28/2019
4. Documentation supporting a minimum cost of
$20,000 for qualified infrastructure
(improvements to water, sewer, storm sewer);
and 2/28/2019
5. Current on all ad valorem taxes and other
!property taxes; and 2/28/2019 $20,000
MIKTEN, Inc. A. Construct a 5,970 sf shell commercial building
with a minimum capital investment of$300,000;
receipt of Certificate of Completion; current on ad
`valorem taxes as of 1/31 of the year after they are
assessed. 10/31/20181 $10,000
B. Finish out of 5,970 sf building evidenced by a
Certificate of Occupancy and 100% leased as
evidenced by signed lease agreements. 10/31/2019 $10,000.
REVA Hospitality
A. CO for a 4-story, 60,000 sf, 98 room hotel; Default Notice Sent
documentation of a $9.2 mm in construction costs. 6/30/2018 $100,000 7/9/18
Outstanding Performance Agreement Summary
B. Quarterly incentive payment equal to 50%of
Occupancy Tax paid to City of Wylie (start date 6
I°months from CO and ending 6 years from 1st 50%of Occ. Not to exceed $350,000
payment) 12/31/24 Tax Reimb. total incentive
SAF Holland A. Tax Incentive:
Maintain on property,taxable personal property
owned by company valued at or above 50%of BPP
$14,375,324 (Tax Threshold). tax paid in
excess of Tax
1/31/20191Threshold.
Maintain on property,taxable personal property
owned by company valued at or above
$14,375,324(Tax Threshold). 1/31/2020
Maintain on property,taxable personal property
;owned by company valued at or above
$14,375,324(Tax Threshold). 1/31/2021
B. Employee Incentive:
�
Employ up to 45 full-time employees over 133
(Employee Threshold). One time payment of $1,000/emp
$1,000 per new employee added. BPP valuation over
'requirement waived (first year only). 12/31/20171Threshold
Employ up to 45 full-time employees over 133 $1,000/emp
(Employee Threshold). One time payment of over
$1,000 per new employee added. 12/31/2018 Threshold
Employ up to 45 full-time employees over 133 $1,000/emp
(Employee Threshold). One time payment of over Not to exceed$45,000
$1,000 per new employee added. 12/31/2019 Threshold total incentive.
Outstanding Performance Agreement Summary
SCSD-Finnell Obtain a building permit no later than 12/31/18;
Commence construction of building no later than
12/31/18; Obtain CO no later than 8/31/19;
Complete qualified infrastructure no later than
8/31/19; and provide written notice,
accompanied by one or more permanent COs on
the building only.
8/31/2019,' $25,000
Provide documentation that company has leased
more than 60%of the space within the building to
restaurants; Company has completed qualified
infrastructure no later than 8/31/19 with a
minimum cumulative cost of$75,000; CO on
building no later than 8/31/19; and provide
written notice, accompanied by one or more
permanent COs and leases as describe above.
1/22/2021: $50,000
Woodbridge Crossing Phase I. CO for initial phase including a Super 65%sales tax reimb 2009-
Target by 8/1/09. 8/1/2009 i 2013; 85%sales tax reimb
No further performance requirements. Default
declared reducing maximum incentive from $12 Reimbursement
mm to$6 mm. 2021 spreadsheet attached
Woodbridge Crossing
Sales Tax Reimbursement Report
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99
Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01
Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81
Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81
Jan-10 Mar-10 16,017.96 8,008.98 8,008.98 32,035.92 0.85 6,807.63 13,615.27 20,422.90
Feb-10 Apr-10 18,392.59 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55
Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13
Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58
Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19
May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01
Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87
Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07
Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31
Aug-10 Oct-10 20,401.73 10,200.87 10,200.87 40,803.46 0.85 8,670.74 17,341.47 26,012.21
Sep-10 Nov-10 22,301.22 11,150.61 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05
Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57
Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24
Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23
Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87
Audit Adjust.
Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78
Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12
Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54
Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90
Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44
Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88
Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02
May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62
Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87,278.22 0.85 18,546.62 37,093.24 55,639.87
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 2
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51
Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95
Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69
Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21
Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85
Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 0.85 13,473.21 26,946.42 40,419.64
Nov-11 Jan-12 40,631.94 20,315.97 20,315.97 81,263.88 0.85 17,268.57 34,537.15 51,805.72
Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04
Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40
Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12
Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05
Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53,822.53
Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70
Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85
May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00
Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44
Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29
Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53
Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39
Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22
Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14
Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91
Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47
Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96
Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35
Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59
Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96
Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72
Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27
Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 3
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
May-13 Jul-13 35,623.93 17,811.97 17,811.97 71,247.86 0.85 15,140.17 30,280.34 45,420.51
Jun-13 Aug-13 44,805.27 22,402.63 22,402.63 89,610.53 0.85 19,042.24 38,084.48 57,126.71
Sub-Total 224,759.15 47,761.32 95,522.64 143,283.96
Jul-13 Sep-13 30,171.94 15,085.97 15,085.97 60,343.87 0.85 12,823.07 25,646.14 38,469.22
Aug-13 Oct-13 31,615.59 15,807.80 15,807.80 63,231.18 0.85 13,436.63 26,873.25 40,309.88
Sep-13 Nov-13 34,215.75 17,107.88 17,107.88 68,431.50 0.85 14,541.69 29,083.39 43,625.08
Sub-Total 192,006.55 40,801.39 81,602.78 122,404.18
Oct-13 Dec-13 30,192.68 15,096.34 15,096.34 60,385.36 0.65 9,812.62 19,625.24 29,437.86
Nov-13 Jan-14 40,059.94 20,029.97 20,029.97 80,119.87 0.65 13,019.48 26,038.96 39,058.44
Dec-13 Feb-14 60,106.82 30,053.41 30,053.41 120,213.63 0.65 19,534.71 39,069.43 58,604.14
Sub-Total 260,718.86 42,366.81 84,733.63 127,100.44
Jan-14 Mar-14 34,887.18 17,443.59 17,443.59 69,774.35 0.65 11,338.33 22,676.66 34,015.00
Feb-14 Apr-14 39,550.17 19,775.09 19,775.09 79,100.34 0.65 12,853.81 25,707.61 38,561.42
Mar-14 *May-14 50,095.00 25,047.50 25,047.50 100,190.00 0.65 16,280.88 32,561.75 48,842.63
Sub-Total 249,064.69 40,473.01 80,946.02 121,419.04
Apr-14 Jun-14 42,836.52 21,418.26 21,418.26 85,673.03 0.65 13,921.87 27,843.73 41,765.60
May-14 Jul-14 44,483.44 22,241.72 22,241.72 88,966.88 0.65 14,457.12 28,914.24 43,371.35
Jun-14 Aug-14 54,191.06 27,095.53 27,095.53 108,382.12 0.65 17,612.09 35,224.19 52,836.28
Sub-Total 283,022.03 45,991.08 91,982.16 137,973.24
Jul-14 Sep-14 41,601.13 20,800.56 20,800.56 83,202.25 0.65 13,520.37 27,040.73 40,561.10
Aug-14 Oct-14 46,838.76 23,419.38 23,419.38 93,677.52 0.65 15,222.60 30,445.19 45,667.79
Sep-14 Nov-14 58,574.10 29,287.05 29,287.05 117,148.19 0.65 19,036.58 38,073.16 57,109.74
Sub-Total 294,027.96 47,779.54 95,559.09 143,338.63
Oct-14 Dec-14 46,397.97 23,198.98 23,198.98 92,795.93 0.65 15,079.34 30,158.68 45,238.02
Nov-14 Jan-15 62,438.87 31,219.43 31,219.43 124,877.73 0.65 20,292.63 40,585.26 60,877.89
Dec-14 Feb-15 93,019.09 46,509.54 46,509.54 186,038.17 0.65 30,231.20 60,462.41 90,693.61
Sub-Total 403,711.83 65,603.17 131,206.34 196,809.52
Jan-15 Mar-15 42,919.35 21,459.67 21,459.67 85,838.69 0.65 13,948.79 27,897.57 41,846.36
Feb-15 Apr-15 44,299.71 22,149.86 22,149.86 88,599.42 0.65 14,397.41 28,794.81 43,192.22
Mar-15 May-15 61,991.88 30,995.94 30,995.94 123,983.76 0.65 20,147.36 40,294.72 60,442.08
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 4
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period _ Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Sub-Total 298,421.87 48,493.55 96,987.11 145,480.66
Apr-15 Jun-15 47,156.82 23,578.41 23,578.41 94,313.63 0.65 15,325.96 30,651.93 45,977.89
May-15 Jul-15 51,820.00 25,910.00 25,910.00 103,639.99 0.65 16,841.50 33,683.00 50,524.50
Jun-15 Aug-15 63,530.67 31,765.34 31,765.34 127,061.34 0.65 20,647.47 41,294.94 61,942.40
Sub-Total 325,014.96 52,814.93 105,629.86 158,444.79
Jul-15 Sep-15 49,814.04 24,907.02 24,907.02 99,628.08 0.65 16,189.56 32,379.13 48,568.69
Aug-15 Oct-15 52,333.38 26,166.69 26,166.69 104,666.76 0.65 17,008.35 34,016.70 51,025.05
Sep-15 Nov-15 54,260.52 27,130.26 27,130.26 108,521.03 0.65 17,634.67 35,269.33 52,904.00
312,815.87 50,832.58 101,665.16 152,497.74
Oct-15 Dec-15 48,763.81 24,381.90 24,381.90 97,527.61 0.65 15,848.24 31,696.47 47,544.71
Nov-15 Jan-16 63,303.62 31,651.81 31,651.81 126,607.23 0.65 20,573.67 41,147.35 61,721.02
Dec-15 Feb-16 99,187.99 49,594.00 49,594.00 198,375.98 0.65 32,236.10 64,472.19 96,708.29
422,510.82 68,658.01 137,316.02 205,974.02
Jan-16 Mar-16 49,991.19 24,995.59 24,995.59 99,982.37 0.65 16,247.14 32,494.27 48,741.41
Feb-16 Apr-16 42,000.94 21,000.47 21,000.47 84,001.87 0.65 13,650.30 27,300.61 40,950.91
Mar-16 May-16 63,385.72 31,692.86 31,692.86 126,771.44 0.65 20,600.36 41,200.72 61,801.08
310,755.68 50,497.80 100,995.60 151,493.39
Apr-16 Jun-16 50,205.20 25,102.60 25,102.60 100,410.40 0.65 16,316.69 32,633.38 48,950.07
May-16 Jul-16 55,183.98 27,591.99 27,591.99 110,367.95 0.65 17,934.79 35,869.58 53,804.38
Jun-16 Aug-16 75,925.05 37,962.53 37,962.53 151,850.10 0.65 24,675.64 49,351.28 74,026.92
362,628.45 58,927.12 117,854.25 176,781.37
Jul-16 Sep-16 46,925.74 23,462.87 23,462.87 93,851.48 0.65 15,250.87 30,501.73 45,752.60
Aug-16 Oct-16 63,826.65 31,913.33 31,913.33 127,653.30 0.65 20,743.66 41,487.32 62,230.98
Sep-16 Nov-16 59,856.95 29,928.48 29,928.48 119,713.90 0.65 19,453.51 38,907.02 58,360.53
341,218.68 55,448.04 110,896.07 166,344.11
Oct-16 Dec-16 52,217.94 26,108.97 26,108.97 104,435.88 0.65 16,970.83 33,941.66 50,912.49
Nov-16 Jan-17 71,458.61 35,729.30 35,729.30 142,917.21 0.65 23,224.05 46,448.09 69,672.14
Dec-16 Feb-17 92,409.12 46,204.56 46,204.56 184,818.23 0.65 30,032.96 60,065.92 90,098.89
432,171.32 70,227.84 140,455.68 210,683.52
Jan-17 Mar-17 50,495.21 25,247.60 25,247.60 100,990.41 0.65 16,410.94 32,821.88 49,232.82
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 5
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate((%) Reimbursement Reimbursement Reimbursement
Feb-17 Apr-17 50,638.18 25,319.09 25,319.09 101,276.35 0.65 16,457.41 32,914.81 49,372.22
Mar-17 May-17 61,943.65 30,971.83 30,971.83 123,887.30 0.65 20,131.69 40,263.37 60,395.06
326,154.06 53,000.03 106,000.07 159,000.10
Apr-17 Jun-17 49,482.64 24,741.32 24,741.32 98,965.28 0.65 16,081.86 32,163.72 48,245.57
May-17 Jul-17 59,698.44 29,849.22 29,849.22 119,396.87 0.65 19,401.99 38,803.98 58,205.97
Jun-17 Aug-17 78,250.78 39,125.39 39,125.39 156,501.55 0.65 25,431.50 50,863.00 76,294.51
374,863.70 60,915.35 121,830.70 182,746.05
Jul-17 Sep-17 47,207.44 23,603.72 23,603.72 94,414.88 0.65 15,342.42 30,684.84 46,027.25
Aug-17 Oct-17 57,759.81 28,879.91 28,879.91 115,519.62 0.65 18,771.94 37,543.88 56,315.81
Sep-17 Nov-17 68,437.68 34,218.84 34,218.84 136,875.36 0.65 22,242.25 44,484.49 66,726.74
346,809.86 56,356.60 112,713.20 169,069.81
Oct-17 Dec-17 47,492.90 23,746.45 23,746.45 94,985.80 0.65 15,435.19 30,870.39 46,305.58
Nov-17 Jan-18 69,316.04 34,658.02 34,658.02 138,632.07 0.65 22,527.71 45,055.42 67,583.13
Dec-17 Feb-18 108,901.17 54,450.58 54,450.58 217,802.33 0.65 35,392.88 70,785.76 106,178.64
451,420.20 73,355.78 146,711.57 220,067.35
Jan-18 Mar-18 53,776.06 26,888.03 26,888.03 107,552.12 0.65 17,477.22 34,954.44 52,431.66
Feb-18 Apr-18 51,358.31 25,679.16 25,679.16 102,716.62 0.65 16,691.45 33,382.90 50,074.35
Mar-18 May-18 69,735.56 34,867.78 34,867.78 139,471.11 0.65 22,664.06 45,328.11 67,992.17
349,739.85 56,832.73 113,665.45 170,498.18
Apr-18 Jun-18 53,783.30 26,891.65 26,891.65 107,566.59' 0.65 17,479.57 34,959.14 52,438.71
May-18 Jul-18 0.00 0.00 0.00 0.65 0.00 0.00 0.00
Jun-18 Aug-18 0.00 0.00 0.00 0.65 0.00 0.00 0.00
107,566.59 17,479.57 34,959.14 52,438.71
Totals 9,433,505.75 1,691,988.11 3,383,976.22 5,075,964.32
Note: Anticipated completion date for$6 mm incentive obligation -First Quarter 2019
CSD Woodbridge Centre-Sales Tax Reimbursement Report
Filing Allocation City 4B WEDC WEDC
Period Period 1.00% 0.50% 0.50% Total Reimbursement
Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17
Sub-Total 1,000.66 250.17
Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16
Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57
Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42
Sub-Total 5,804.55 1,451.14(
May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35
Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09
Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14
Sub-Total 58,050.29 14,512.57i
Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59
Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32
Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46
Sub-Total 73,721.47 18,430.37
Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58
Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01
Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11
Sub-Total $77,994.78 $19,498.70'
Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46
Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37
Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20
Sub-Total $84,524.13 $21,131.03
May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50
Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16
Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29
Sub-Total $88,251.77 $22,062.94'
Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74
Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06
Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91
Sub-Total $106,210.84 $26,552.71
Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,493.45 3,123.36
Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154.97 $19,288.74
Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74
CSD Woodbridge Centre-Sales Tax Reimbursement Report
Sub-Total $100,415.37 $25,103.84
Feb-16 Apr-16 5,556.02 2,778.01 2,778.01 11,112.03 2,778.01
Mar-16 May-16 35,400.22 17,700.11 17,700.11 $70,800.43 $17,700.11
Apr-16 Jun-16 5,929.35 2,964.67 2,964.67 $11,858.69 $2,964.67
Sub-Total $93,771.15 $23,442.79
May-16 Jul-16 5,622.45 2,811.22 2,811.22 11,244.89 2,811.22
Jun-16 Aug-16 36,078.78 18,039.39 18,039.39 $72,157.55 $18,039.39
Jul-16 Sep-16 5,553.88 2,776.94 2,776.94 $11,107.76 $2,776.94
Sub-Total $94,510.20 $23,627.55
Aug-16 Oct-16 5,386.52 2,693.26 2,693.26 $10,773.03 2,693.26
Sep-16 Nov-16 45,851.97 22,925.99 22,925.99 $91,703.94 $22,925.99
Oct-16 Dec-16 5,712.60 2,856.30 2,856.30 $11,425.19 $2,856.30
Sub-Total $113,902.16 $28,475.54
Nov-16 Jan-17 5,534.56 2,767.28 2,767.28 $11,069.11 2,767.28
Dec-16 Feb-17 39,832.46 19,916.23 19,916.23 $79,664.92 $19,916.23
Jan-17 Mar-17 5,210.39 2,605.20 2,605.20 $10,420.78 $2,605.20
Sub-Total $101,154.81 $25,288.70
Feb-17 Apr-17 5,350.85 2,675.42 2,675.42 $10,701.69 2,675.42
Mar-17 May-17 35,935.03 17,967.52 17,967.52 $71,870.06 $17,967.52
Apr-17 Jun-17 5,446.64 2,723.32 2,723.32 $10,893.27 $2,723.32
Sub-Total $93,465.02 $23,366.26
May-17 Jul-17 6,978.40 3,489.20 3,489.20 $13,956.79 3,489.20
Jun-17 Aug-17 35,612.74 17,806.37 17,806.37 $71,225.48 $17,806.37
Jul-17 Sep-17 5,225.94 2,612.97 2,612.97 $10,451.87 $2,612.97
Sub-Total $95,634.14 $23,908.54
Aug-17 Oct-17 5,692.90 2,846.45 2,846.45 $11,385.79 2,846.45
Sep-17 Nov-17 46,321.69 23,160.85 23,160.85 $92,643.38 $23,160.85
Oct-17 Dec-17 4,662.38 2,331.19 2,331.19 $9,324.76 $2,331.19
Sub-Total $113,353.93 $28,338.48
Nov-18 Jan-18 6,690.47 3,345.23 3,345.23 $13,380.93 3,345.23
Dec-18 Feb-18 46,316.53 23,158.26 23,158.26 $92,633.05 $23,158.26
Jan-18 Mar-18 5,988.51 2,994.26 2,994.26 $11,977.02 $2,994.26
Sub-Total $117,991.00 $29,497.75
Feb-18 Apr-18 6,805.46 3,402.73 3,402.73 $13,610.91 3,402.73
Mar-18 May-18 41,994.46 20,997.23 20,997.23 $83,988.92 $20,997.23
CSD Woodbridge Centre-Sales Tax Reimbursement Report
Apr-18 Jun-18 6,947.44 3,473.72 3,473.72 $ 384.87 $3,473.72
Sub-Total $111,494.70 $27,873.68
Total $1,531,250.97 $382,812.74
Active Environmental Program Tracking
A B C D E F G
Commerce/Kirby
2 Closure Activities Remaining Project Total: 7,549.94
Labor: Frank Clark, Michael Henn,Samuel Lewis,James Maxwell,
1
3 Contract: $8,400 3,705.75 'Antonia Pacholczuk, Clay Snider
4 375.201 2/28/18 Labor: Frank Clark, Clay Snider
5 1,152.00: 3/31/18 'Labor: Clay Snider
Other Sub-Contractors(Drillers- plugging wells at 605 Commerce),
6 2,316.99 3/31/18 ;postage/shipping/delivery
7 , 7,549.94
9 Kirby - Former CRI ' i Project Total: 45,185.38
10 Contract$46,700 910.00 11/30/17 Labor: Frank Clark, Michael Henn
11 788.00 12/31/17 Labor: Frank Clark, Clay Snider
Labor: Frank Clark, Michael Henn,Joshua Hopper,Samuel Lewis,
12 6,421.80 1/31/18 Trey Nelson, Clay Snider
Other Subcontractors: Laboratory,Supplies/Permits, Other
13 14,442.16 1/31/18?, Subcontractors
14 11.16 . 1/31/18 IMiscSupplies
15 659.50 1 1/31/18 Vehicle /Equipment
Labor: Frank Clark,Trudy Hasan,Joshua Hopper,Samuel Lewis, Clayl
16 2,005.30 2/28/18 [Snider
17 874.00 , 2/28/181 Laboratory
18 519.50 I 3/31/181 Labor: Trey Nelson, Clay Snider
19 1 1,824.00 4/30/18 iSubsurface Investigation -Labor: Clay Snider
Add'I Subsurface Investigation- Labor: Frank Clark,Joshua Hooper,
20 3,815.75 4/30/18 ;Samuel Lewis,James Maxwell,Trey Nelson,Clay Snider
'Subcontractors: Laboratory-$989; Drilling-$6,463;
21 12,385.33 4/30/18 (Supplies/Permits/Regulatory Fees-$103.33; Other-4,830.
22 528.88 4/30/18 Vehicle / Equipment
23 45,185.38
25 Squire Project Total: 3,700.00
26 Phase I Contract$2,500 2,500.00 2/1/18 'Phase I Environmental Assessment
Active Environmental Program Tracking
A B C D E
F G
27 Soil Sampling$1,200 1,200.00 2/9/18 Analysis of Soil Samples
28 3,700.00
1
30 Spent Contracted
31 Total W&M ExpenditL $56,435.32 j$58,800
A summit for KANSAS CITY SOUTHERNS' a
Short Line Rail, Port,b Transioad Partners
STRATEGIC ra '"
IN KANSAS CITY '
SEPTEMBER 18-19, 2018
PARTNERS f
CONFERENCE �9t .wsketfba
ratrat k Partners Conference,9118-9/19/18 t'
Summary
Conference Agenda Tuesday,September 18,2018
1
Conference Lacstson 07:15 AM Golfers meet in lobby of CQuIlyandly,flarfivILDennlAwn.
Speakers 07:30 AM Van departs for falcmaateS
Attendees
09:00 AM Golfers tee off
Hotel.r ccorotn o lolroos
Golf gating 03:00 PM Golfers picked up from Albppl,j ej.bill_#a
Conference Anner 03:30 PM Golfers arrive at t.91tFL f4 b2 .4.4L13V_0_QVYRIP n
Table Top Exhibits
05:45 PM Meet in the lobby of the Qortar0 bylutyielinzynam for shuttle to dinner(Shuttle will run
Contact Us between locations from 5:45 to 10:00 PM)
Downtown KC Parking& 45:00 PM Cocktail hour begins attia. t ;:,iga Acting , (Dress casual)
Attractions
l
07:00 PM Dinner served
09:45 PM Last shuttle will depart for the hotel
Wednesday,September 19,2018
07:30 AM Breakfast vlI r provided by KCS at the±�*r ».�,��?'Y.£�.. 9 ' 20?.. . .m C.. .1"�'t�ion Center,
08:00 AM Welcome-David Eaton,KCS Vice President Sales&Marketing,Carload
08:10 AM KCS Overview-Brian Hancock,KCS Executive Vice President&Chief Marketing Officer
08°40 Aft NAFTA and Mexico Elections update-Pat flttensmeyer,KC:,President&Chief Evecutive Officer
and Jose Zozaya,KCSM President,General Manager&Executive Representative ('..
09:40 AM Freight Economy Outlook for 2018-2014-Keith Prather,President&co-founder of Armada
Corporate Intelligence
10:10 AM Break
10:40 AM KCS TechttOlopy Panel-Mike liaarz,(Moderator)SII'POperations Support A CIO,infrrmatton
i,
Technology
Erik Hansen,VP Sales&Marketing Intermodal
Lary Hot51(ei ,5 P IT Accrication Development A Buss irs d'ideThgenc.e
1.1,.40�AM Innovative T :'h'nolgy r Cipori Adamwk,VPti rgv.Iradustna,O 4 f°ommerirza8 ifoo catiori ,'
12:10 PM Lunch/Exhibits/Gift distribution
Regional Housing Permits
Wylie Lavon
10 11 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18
January 28 20 16 18 14 46 9 15 4 January 8 2 4 5 4 6 2 12 2
February 18 9 22 14 20 31 4 36 54 February 7 11 2 5 11 6 5 1 7
March 20 28 18 17 30 31 43 33 61 March 8 3 6 3 17 8 3 0 1
April 23 18 29 38 10 57 41 70 49 April 13 1 12 24 7 11 1 1 17
May 26 18 20 22 26 68 101 45 48 May 8 1 0 9 17 4 4 11 7
June 24 19 13 11 9 57 58 98 47 June 12 9 2 5 12 5 1 7 15
July
133 20 19 18 29 36 34 60 July 11 2 3 1 14 12 1 1
August 24 16 20 19 19 30 25 11 _ August 12 9 6 3 1 5 0 12
September 23 22 15 8 17 24 18 46 September 0 6 7 6 2 7 0 5
October 17 16 28 30 21 32 26 33 October 14 4 2 1 9 5 0 0
November 13 5 14 18 20 33 11 42 November 5 5 3 2 1 2 0 14
December 15 10 16 23 65 38 39 18 December 1 7 1 4 5 6 0 40
TOTAL 264 201 230 236 280 483 409 507 263 TOTAL 99 60 48 68 100 77 17 104 49
Murphy Sachse
10 11 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18
January 14 4 7 26 13 1 12 5 0 January 17 14 8 13 18 14 16 4 15
February 15 3 14 4 5 5 4 2 6 February 10 3 11 8 29 17 31 15 9
March 15 9 6 6 8 1 4 5 4 0 March 11 9 12 1 13 24 31 23 5
April 12 8 10 23 1 3 8 1 0 April 11 8 4 13 17 12 24 15 2
May 5 11 14 7 7 2 2 0 0 I May 13 11 17 1 10 21 6 21 15 9
June 13 6 19 15 6 7 4 0 0 June 11 8 17 14 16 38 25 14 3
July 1 7 7 16 7 22 4 2 8 July 15 7 14 15 30 12 22 17
August 3 4 13 15 16 2 21 0 August 14 5 19 10 29 41 32 8
September 7 4 ' 10 10 3 3 6 0 September 3 12 12 17 23 27 20 3
October 8 3 16 16 4 0 2 0 October 3 8 15 25 18 31 29 10
November 7 3 17 5 5 2 6 0 November 4 6 9 12 27 26 12 6
December 9 8 7 15 4 0 1 1 December 6 7 10 11 39 12 11 2
TOTAL 115 70 149 149 94 33 73 21 6 TOTAL 118 98 148 149 280 260 274 132 43
Inspiration
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tota
15 5 12 10 6 17 13 14 4 13 8 5 11 118
16 10 19 11 9 7 13 40 8 14 13 18 2 164
17 10 12 26 29 18 30 16 17 20 14 19 18 229
18 30 27 29 24 23 35 168
Regional Housing Permits
Wylie Pending Developments Inspiration Phase 5A-1 10.32 ac 58 with 3
Estates of Creekside-45 ac. 63 Lots, 3 open space Inspiration Phase 3A-50.08 ac 324 lots
Braddock Place, Phase 2 - 185 ac. - 44 Lots Dominion of Pleasant Valley Ph 2 -62.142
Kreymer Estates Phase 1 -36.475 ac. - 110 Lots ac 212 lots
Lewis Ranch -53 ac. -216 Lots Railroad Addition, Lot 15R-0.402 ac 2 lots
Woodbridge 16-25.083 ac. - 111 Lots Inspiration 3B-1 56.75 ac-205 lot
Dominion of Pleasant Valley-361.4 ac. -975 Lots Bozman Farms Phase 5B -21.874 ac 74 lots
Covington Estates Ph 1 - 14.308 ac. -44 lots Kreymer East Phase 1 -26.782 ac 86 lots
Bozeman Farms-780 lots remaining (145 under cons.) Inspiration Phase 3B-1 56.75 ac 205 lot
Alanis Crossing- Phase 1 -29.292 ac-53 Lots New Haven at Wylie-3.126 ac 1 lot
Braddock Place, Phase 3-18.322 ac. - 53 Lots, 2 open space Kreymer Estates 4 -27.312 ac 78 lots
Wilson Creek-38 ac. 140 lots Stone Ranch -38.113 ac 138 lots
Inspiration 2B-25 ac. 76 lots Wylie ETJ Collins Addition -6.398 ac 2 lots
ZC 2014-08 Nails-25 ac. 105 Townhomes Clarimarhomes 0.281 ac 2 lots
Hunter's Cove Phase I - 31.414 ac 58 Lots Lake Park villas 26.586 ac 165 lots
Bozman Farms Phase 3- 50.392 ac 139 Lots Woodbridge 21 - 104.174 ac-367 lots
Braddock Place Phase 4 -25.608 ac 77 Lots Keller's 2nd Addition -0.289 ac 1 lot
Braddock Plase Phase 3- 18.322 ac. 53 Lots Keller's 2nd Addition -0.289 ac 1 lot
Creekside Estates Phase VII -23.267 ac. - 11 Lots Railroad Add, Lot 3R-1 & 3R-2 -0.281 ac 1 lot
Castle Park-31.41 ac 56 Lots Inspiration Ph 3B-1 -56.75 ac 199 lots
Inspiration Phase 1 &2 --53 Lots Bozman Farm Phase 6 -59.968 ac 181 lots
Kreymer Estates Amenity Center-3.3 ac. 1 Lot Inspiration Ph 3B-3 - 19 lots
Kreymer Estates Phase 2 -23.171 ac 60 Lots Creekside Phase IX 1.428 ac 5 lots
Kreymer Estates Phase 3 -29.7654 ac 74 Lots
Mansions at Wylie Seniors- 13.125 ac 1 Lot
Schupbach Estates-0.633 ac. 2 Lots
Wooded Creek Phase 2 Amenity Center-0.512 ac 1 Lot Sachse Pending Developments
Creekside Estates Phase VIII -20.551 ac 65 Lots Jackson Hills Phase 3A-2 -55 Lots
Kreymer Estates Phase 4-27.312 ac 78 Lots Heritage Park- Phase 3 -81 Lots
Bozman Farms Phase 5-69.071 ac 198 Lots Parkwood Ranch - Phase 2 -102 Lots
HNI Townhome Addition- 10.06 ac 104 Lots Jackson Hills- Phase 3B- 114 Lots
Alanis Crossing Phase II-26.239 ac 42 Lots Jackson Meadows-51 Lots
Trailsplace Lot 6-BR &6 C-0.256 ac 2 Lots Woodbridge- Phase 19- 148 Lots
Kreymer Park-45.57 ac 151 Lots Estates of Pleasant Valley Phase II -(21 Lots)
Kreymer Estates Phase 3 -29.7654 ac 74 Lots Serene Townhomes (122 units)
Braddock Place Phase 5-28.019 ac Malone Estates (37 lots)
Railroad Addition Block 31- 1 ac. Estates of Pleasant Valley Phase I -(42 lots)
Creekside Estates Ph 9- 12 ac
Covington Estates Phase 2- 13.927 ac ETJ
Kreymer Park-45.57 ac 151 Lots C & F Copeville Addition -3.515 ac 3 Lots
Bozman Farms Phase 5-69.071 ac 198 Lots Geckler Addition - 14.274 ac 1 Lot
Inspiration Phase 3 and 4- 107.83 ac Reyes estates-3.61 ac 2 Lots
Russell Addition-0.16 ac 1 lot Creeks Crossing -3.187 ac 2 Lots
Oaks Addition-0.304 ac 1 lot Keeley's Corner ETJ -5.421 ac
Keller's 2nd Addition-0.289 ac 1 lot Kingdom Court Phase 1- 11.048 ac-10 lots
Serene Villas-21 ac 67 with 3 lots Creekwood Estates - 15.717 ac 20 Lots
New Haven at Wylie -3.1 ac 1 lot J Cubed Addition 1.841 ac
LewisRanch Phase 128.58 ac 97 lot Creekwood Country Estates-21.34 ac 22 lots
Bozman Farm Phase 7-77.3695 ac 195 w/3 open
Redwood at the Lake Phase 2-30.58 ac
Southside Addition-0.6428 ac
ylie cono ic I evelop ent Con • oration
E O - A
TO: WEDC Board of Directors
FROM: Sam Satterwhite, Executive Director
SUBJECT: Council Oversight
DATE: July 12, 2018
Issue
Discuss issues surrounding approval requirements and reporting practices between the WEDC
and Wylie City Council.
Analysis
In mid-June, there were some questions from Council pertaining to how WEDC expenditures and
projects are approved by Council. Ultimately, the WEDC Board serves at the will of the Council
with Council authorizing all financial transactions. In each community there are varying levels
of Council oversight and involvement in EDC activities.
In Wylie, Council approves the WEDC Budget and program of work. As well, monthly
financials are approved by the Board and presented to Council for their review and to place on
file. Further, Council is required to approve all debt incurred by the WEDC.
In practice, staff takes all WEDC property acquisitions to Council in Executive Session prior to
closing. While there have been times because of fast-paced negotiations that the WEDC needed
to put a property under contract prior to communication with Council, Council has always been
provided the opportunity for input prior to the expiration of a due diligence period. As well, staff
takes incentive programs that are 'of significance' to Council for direction within Executive
Session. Staff determines whether a project is significant or not based upon the funding level,
type of business, impact on the community/surrounding properties, and feedback from Ex-
Officio Board Members Mayor Hogue and Manson. However, several incentive programs each
year are not taken to Council which are typically less than $50,000.
While the WEDC makes communication with the Wylie City Council and City Staff a priority,
there are always opportunities to improve which may include monthly updates on active projects
to Council within Executive Session if Council so chooses.
Council Oversight
July 12, 2018
Page 2 of 2
Finally, staff did confer with WEDC Counsel Randy Hullett to confirm that the WEDC was
meeting all reporting requirements under EDC governing statutes which he believes we are. Mr.
Hullett also provided staff with a presentation addressing Council oversight/reporting
requirements as well as a thorough explanation of qualified projects. This presentation has been
delivered to Council.
Recommendation
No action is requested by staff.
Attachment
Reporting Requirements Presentation
WEDS PROJECT
REQUIREMENTSAND
REPORTINGSTRUCTURE
n� _
se of a portion of the sales tax for economic development
purposes has been one of the most popular and effective tools
used by cities to promote economic development.
ince the authorization of the local option tax took effect in 1989,
more than 583 cities have levied an economic development sales
tax.
f these cities, 108 have adopted a Type A economic
development tax, 361 cities have adopted a Type B tax, and 114
cities have adopted both.
I
I
� nw
he voters in ylie approved the creation of a TypeType
B economic evel ent corporations n 1990, whichwas one
of the first created in exas.
E C is a with one-half cent of the sales taxes collected in
Wylie. In the current budget year, it is estimated that WE C will
receive $2.6 millionin 1 tax receipts.
evelopment Corporation A ct provides a wide variety of purposes for
which Type A and Type B tax proceeds may be expended. Some of these
projects require the creation or retention of primary jobs, and some do not.
A 11 activities of an economic development corporation must be in
furtherance and attributable to a "project."
In 2003, the Texas Legislature amended the definition of "project" to
require that certain projects result in the "creation or retention of primary
jobs."
he only types of projects that are I subject to the primary jobs
requirements are: (1) classes (2) infrastructure improvements
q training
which promote or develop new or expanded business enterprises, (3) career I
centers, or (4) commuter rail, light rail, or motor buses. i t
s i
UTE VISI N Y ITY
Section 501.073 provides that the corporation's authorizing unit (City Council) will
approve all programs and expenditures of a corporation and annually review any
financial statements of the corporation. In Wylie, this review and approval process is
handled through the annual budget approval process for the WEDC, that includes the
following steps:
> Wylie City Council approves the WEDC budget as a component unit of the City, which
includes:
(On-going, multi-year incentive programs are identified by name with a budgeted
amount for each program
"Monies are set aside in the Budget as "Future Projects" for as of yet unidentified
incentives/projects
/In the event WEDC exceeds a budgeted amount within a budget year, a budget
amendment is taken before City Council for approval
/Monthly financials are approved by the WEDC Board each month and presented to
City Council to review and place on file
/Projects of more significance are presented to City Council in advance of Board
approval seeking input
/Any debt incurred by the WEDC is approved by City Council in advance.
/Council is notified in advance of the acquisition of property. et
UP NISI I N Y CITY
(concluded)
As long as new projects that are approved by the WEDC Board are within the
annual city approved budget, the Performance Agreements for incentives
approved by the Board are not taken to the City Council for separate
approval. Separate approval of the agreements by City Council is not
required so long as the annual budget for the WEDC is approved and WEDC
does not exceed the dollar amounts for new projects; however, if the City
Council prefers to approve each agreement separately, that can be done.
4*
I is.
ots.
• VER EW OF PROJECT ELIGIBILITY
To qualify as a "Project" under the Act, with the exception of qualified infrastructure,
you need to be able to answer YES to each of the following questions:
1 . Will the project create or retain primary jobs?
CI Are the jobs available at a company for which a majority of the products or services of that
company are ultimately exported to regional, statewide, national, or international markets
infusing new dollars into the local economy?
LJ Are the jobs included in one of the NAICS codes set forth in the Act?
2. Is the Project found by the Board of Directors to be required or suitable for the
development, retention, or expansion of any of the following:
lj Manufacturing and industrial facilities;
LI Research and development facilities;
U Military facilities;
U Transportation facilities, including airports, hangars, and rail ports;
LI Recycling facilities;
• Distribution centers
• Small warehouse facilities;
U Primary job training facilities for use by institutions of higher learning; I -U Regional or national corporate headquarters facilities (defined to mean buildings proposed for
construction or occupancy as the principal office for a business enterprise's administrative
t4
and management services).
"Project" also includes expenditures that are found by the Board to be required or suitable for
infrastructure necessary to promote or develop new or expanded business enterprises, limited
to streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities,
drainage, site improvements, and related improvements; telecommunications and Internet
improvements; or, beach remediation along the Gulf of Mexico ("Qualified Infrastructure").
An infrastructure project does not require the creation or retention of"primary jobs."
"Project" includes land, buildings, equipment, facilities, expenditures, and improvements that
are:
1. For the creation or retention of primary jobs; and
Found by the Board of Directors to be required or suitable for the development,
retention, or expansion of:
a) Manufacturing and industrial facilities;
b) Research and development facilities;
c) Military facilities;
d) Transportation facilities, including airports, hangars, and rail ports;
e) Recycling facilities;
f) Distribution centers
g) Small warehouse facilities;
h) Primary job training facilities for use by institutions of higher learning;
i) Regional or national corporate headquarters facilities (defined to mean buildings
proposed for construction or occupancy as the principal office for a business
enterprise's administrative and management services; or j , .
Expenditures that are found by the Board to be Qualified Infrastructure.
; 444,
ORTH A CAN INDUSTRY CLASSIFICATION YSTEM
(NAICS)
"Primary job" is defined to can a job that is "available at a
company o which aj ority of the products or services of that
company are ultimately exported to regional, statewide, ati 1, or
international mar ets infusing new of rs in tote local economy"
that meets any one of a specific list of sector numbers of the
North erica Industry lassificati System (NAICS).
44,
4,4
410.
ACCEPTABLE NAICS SECTORS
111: Crop production
112: Animal production
113: Forestry and logging
11411: Commercial fishing
115: Support activities for agriculture and forestry
211-213: Mining
221: Utilities
311-339: Manufacturing
42: Wholesale trade
48-49: Transportation and warehousing
51 (except 512131-512132): Information (excluding movie theaters)
523-525: Securities, commodity contracts and other financial investments and related
activities; insurance carriers and related activities; funds, trusts, and other financial
vehicles
5413, 5415-5417, 5419: Architectural, engineering, and related services; computer system design and related
services; management, scientific, and technical consulting services; scientific
research and development services; other professional, scientific, and technical
services
551: Management of companies and enterprises
56142: Telephone call centers
922140: Correctional institutions
•
928110: National security
4*:
c*"4.
A IC I IE. OP OUCTION
Industries in the Crop Production subsector grow crops mainly for food and fiber. The subsector comprises
establishments, such as farms, orchards, groves, greenhouses, and nurseries, primarily engaged in growing
crops, plants, vines, or trees and their seeds.
The industries in this subsector are grouped by similarity of production activity, including biological and
physiological characteristics and economic requirements, the length of growing season, degree of crop
rotation, extent of input specialization, labor requirements, and capital demands.
The production process is typically completed when the raw product or commodity grown reaches the "farm
gate" for market, that is, at the point of first sale or price determination. Establishments are classified to the
Crop Production subsector when crop production (i.e., value of crops for market) accounts for one-half or
more of the establishment's total agricultural production. Within the subsector, establishments are classified
to a specific industry when a product or industry family of products (i.e., oilseed and grain farming, vegetable
and melon farming, fruit and tree nut farming) account for one-half or more of the establishment's
agricultural production. Establishments with one-half or more crop production with no one product or family
of products of an industry accounting for one-half of the establishment's agricultural production are treated as
general combination crop farming and are classified in Industry 11199,
All Other Crop Farming. Industries in the Crop Production subsector include establishments that own,
operate, and manage and those that operate and manage. Those that manage only are classified in Subsector
115, Support Activities for Agriculture and Forestry. Establishments that raise aquatic plants in controlled or
••••
selected aquatic environments are classified in Subsector 112,Animal Production and Aquaculture.
I
T PE 112: A NI AL rUCTION
Industries in the Animal Production and Aquaculture subsector raise or fatten animals for the sale of
animals or animal products and/or raise aquatic plants and animals in controlled or selected aquatic
environments for the sale of aquatic plants, animals, or their products.
The subsector includes establishments, such as ranches, farms, and feedlots primarily engaged in
keeping, grazing, breeding, or feeding animals. These animals are kept for the products they produce
or for eventual sale. The animals are generally raised in various environments, from total confinement
or captivity to feeding on an open range pasture.
The industries in this subsector are grouped by important factors, such as suitable grazing or pasture
land, specialized buildings, type of equipment, and the amount and types of labor required.
Establishments are classified to the Animal Production and Aquaculture subsector when animal
production (i.e., value of animals for market) accounts for one-half or more of the establishment's
total agricultural production.
Establishments with one-half or more animal production with no one animal product or family of
animal products of an industry accounting for one-half of the establishment's agricultural production
are treated as combination animal farming classified to Industry 11299, All Other Animal Production.
I .,
14*
4***
os
ANL
.4 611E11 : F . ' ST 'I' Y AN I S GGING
Industries in the Forestry and Logging subsector grow and harvest timber on a long production cycle
(i.e., of 10 years or more). Long production cycles use different production processes than short
production cycles, which require more horticultural interventions prior to harvest, resulting in
processes more similar to those found in the Crop Production subsector. Consequently, Christmas tree
production and other production involving production cycles of less than ten (10) years, are classified
in the Crop Production subsector. Industries in this subsector specialize in different stages of the
production cycle.
Reforestation requires production of seedlings in specialized nurseries.
Timber production requires natural forest or suitable areas of land that are available for a long
duration. The maturation time for timber depends upon the species of tree, the climatic conditions of
the region, and the intended purpose of the timber. The harvesting of timber (except when done on an
extremely small scale) requires specialized machinery unique to the industry.
Establishments gathering forest products, such as gums, barks, balsam needles, rhizomes, fibers,
Spanish moss, and ginseng and truffles, are also included in this subsector.
I -
I 6-4
I ".
*4
NA DE 1 411 C • F, CIA", IS IN
This industry comprises establishments primarily engaged in the commercial catching or taking of
finfish, shellfish, or miscellaneous marine products from a natural habitat, such as the catching of
bluefish, eels, salmon, tuna, clams, crabs, lobsters, mussels, oysters, shrimp, frogs, sea urchins, and
turtles.
A C • D n :
UP I T ACTIVITIES F 5 A 9 CULTU 9 AN 1 I 9 ST a Y
Industries in the Support Activities for Agriculture and Forestry subsector provide support
services that are an essential part of agricultural and forestry production.
These support activities may be performed by the agriculture or forestry producing
establishment or conducted independently as an alternative source of inputs required for
the production process for a given crop, animal, or forestry industry. Establishments that
primarily perform these activities independent of the agriculture or forestry producing
establishment are in this subsector.
AI • E 2 : I IL AN AS EXT CTI SN
Industries in the Oil and Gas Extraction subsector operate and/or develop oil and gas field properties.
Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and
equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering
lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up
to the point of shipment from the producing property.
This subsector includes the production of crude petroleum, the mining and extraction of oil from oil
shale and oil sands, and the production of natural gas, sulfur recovery from natural gas, and recovery
of hydrocarbon liquids. Establishments in this subsector include those that operate oil and gas wells
on their own account or for others on a contract or fee basis.
Establishments primarily engaged in providing support services, on a fee or contract basis, required
for the drilling or operation of oil and gas wells (except geophysical surveying and mapping, mine site
preparation, and construction of oil/gas pipelines) are classified in Subsector 213, Support Activities
for Mining.
A-4
NAICS CODE 212: MINING (EXCEPT OIL AND GAS)
Industries in the Mining (except Oil and Gas) subsector primarily engage in mining, mine site
development, and beneficiating (i.e., preparing) metallic minerals and nonmetallic minerals, including
coal. The term "mining" is used in the broad sense to include ore extraction, quarrying, and
beneficiating (e.g., crushing, screening, washing, sizing, concentrating, and flotation), customarily
done at the mine site. Beneficiation is the process whereby the extracted material is reduced to
particles, which can be separated into mineral and waste, the former suitable for further processing or
direct use.
The operations that take place in beneficiation are primarily mechanical, such as grinding, washing,
magnetic separation, centrifugal separation, and so on. In contrast, manufacturing operations
primarily use chemical and electrochemical processes, such as electrolysis, distillation, and so on.
However some treatments, such as heat treatments, take place in both stages: the beneficiation and the
manufacturing (i.e., smelting/refining) stages.
The range of preparation activities varies by mineral and the purity of any given ore deposit. While
some minerals, such as petroleum and natural gas, require little or no preparation, others are washed
and screened, while yet others, such as gold and silver, can be transformed into bullion before leaving
the mine site. Establishments in the Mining (except Oil and Gas) subsector include those that have
complete responsibility for operating mines and quarries (except oil and gas wells) and those that
operate mines and quarries (except oil and gas wells) for others on a contract or fee basis.
Establishments primarily engaged in providing support services, on a contract or fee basis, required
1 ..4.
for the mining and quarrying of minerals are classified in Subsector 213, Support Activities for
Mining. *
41.4
N1/4-Ai
A : UPP • T A CTIVITIES F I INING
Industries in the Support Activities for Mining subsector group establishments primarily providing
support services, on a contract or fee basis, required for the mining and quarrying of minerals and for
the extraction of oil and gas. Establishments performing exploration (except geophysical surveying
and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration
includes traditional prospecting methods, such as taking core samples and making geological
observations at prospective sites. The activities performed on a contract or fee basis by establishments
in the Support Activities for Mining subsector are also often performed in-house by mining operators.
These activities include: taking core samples, making geological observations at prospective sites,
excavating slush pits and cellars, and such oil and gas operations as spudding in, drilling in, re-
drilling, directional drilling, well surveying; running, cutting, and pulling casings, tubes and rods;
cementing wells, shooting wells; perforating well casings; acidizing and chemically treating wells;
and cleaning out, bailing, and swabbing wells.
A I : TILITIES
Industries in the Utilities subsector provide electric power, natural gas, steam supply, water supply,
and sewage removal through a permanent infrastructure of lines, mains, and pipes. Establishments are
grouped together based on the utility service provided and the particular system or facilities required
,
to perform the service. I •
I 1•4A
NAICS CODE 311-339: MANUFACTURING (PAGE 1 OF 3)
The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical
transformation of materials, substances, or components into new products. The assembling of
component parts of manufactured products is considered manufacturing, except in cases where the
activity is appropriately classified in Sector 23, Construction. Establishments in the Manufacturing
sector are often described as plants, factories, or mills and characteristically use power-driven
machines and materials-handling equipment. However, establishments that transform materials or
substances into new products by hand or in the worker's home and those engaged in selling to the
general public products made on the same premises from which they are sold, such as bakeries, candy
stores, and custom tailors, may also be included in this sector.
Manufacturing establishments may process materials or may contract with other establishments to
process their materials for them. Both types of establishments are included in manufacturing. The
materials, substances, or components transformed by manufacturing establishments are raw materials
that are products of agriculture, forestry, fishing, mining, or quarrying as well as products of other
manufacturing establishments. The materials used may be purchased directly from producers,
obtained through customary trade channels, or secured without recourse to the market by transferring
the product from one establishment to another, under the same ownership.
The new product of a manufacturing establishment may be finished in the sense that it is ready for
utilization or consumption, or it may be semi-finished to become an input for an establishment
engaged in further manufacturing. For example, the product of the alumina refinery is the input used
� Y
in the primary production of aluminum; primary aluminum is the input to an aluminum wire drawing 4
plant; and aluminum wire is the input for a fabricated wire product manufacturing establishment.
NAICS CODE 311-339: MANUFACTURING (PAGE 2 OF 3)
The subsectors in the Manufacturing sector generally reflect distinct production processes related to
material inputs, production equipment, and employee skills. In the machinery area, where assembling
is a key activity, parts and accessories for manufactured products are classified in the industry of the
finished manufactured item when they are made for separate sale. For example, a replacement
refrigerator door would be classified with refrigerators and an attachment for a piece of metal working
machinery would be classified with metal working machinery.
However, components, input from other manufacturing establishments, are classified based on the
production function of the component manufacturer. For example, electronic components are
classified in Subsector 334, Computer and Electronic Product Manufacturing and stampings are
classified in Subsector 332, Fabricated Metal Product Manufacturing. Manufacturing establishments
often perform one or more activities that are classified outside the Manufacturing sector of NAICS.
For instance, almost all manufacturing has some captive research and development or administrative
operations, such as accounting, payroll, or management.
These captive services are treated the same as captive manufacturing activities. When the services are
provided by separate establishments, they are classified to the NAICS sector where such services are
primary, not in manufacturing. The boundaries of manufacturing and the other sectors of the
classification system can be somewhat blurry. The establishments in the manufacturing sector are
engaged in the transformation of materials into new products. Their output is a new product.
However, the definition of what constitutes a new product can be somewhat subjective. 44:
I 44
44:4
NAICS CODE 3 1-33 : MANUFACTURING UI ING (PAGE 3 OF 3)
As clarification, the following activities are considered manufacturing in NAICS: Milk bottling and
pasteurizing; Grinding of lenses to prescription; Water bottling and processing; Wood preserving;
Fresh fish packaging (oyster shucking, Electroplating, plating, metal heat fish filleting); treating, and
polishing for the trade; Apparel jobbing (assigning of materials Lapidary work for the trade; to
contract factories or shops for Fabricating signs and advertising displays; fabrication or other contract
operations) Rebuilding or remanufacturing as well as contracting on materials owned by others;
machinery (i.e., automotive parts); Printing and related activities; Ship repair and renovation; Ready-
mixed concrete production; Machine shops; and Leather converting; Tire retreading. Conversely,
there are activities that are sometimes considered manufacturing, but which for NAICS are classified
in another sector (i.e., not classified as manufacturing).
They include (1) Logging, classified in Sector 11, Agriculture, Forestry, Fishing and Hunting, is
considered a harvesting operation; (2) The beneficiating of ores and other minerals, classified in
Sector 21, Mining, Quarrying, and Oil and Gas Extraction, is considered part of the activity of
mining; (3) The construction of structures and fabricating operations performed at the site of
construction by contractors, is classified in Sector 23, Construction; (4) Establishments engaged in
breaking of bulk and redistribution in smaller lots, including packaging, repackaging, or bottling
products, such as liquors or chemicals; the customized assembly of computers; sorting of scrap;
mixing paints to customer order; and cutting metals to customer order, classified in Sector 42,
Wholesale Trade or Sector paints to customer order; and cutting metals to customer order, classified
in Sector 42, Wholesale Trade or Sector 5. Publishing and the combined activity of publishing and
printing, classified in Sector 51, Information, perform the transformation of information into a
product whereas the value of the product to the consumer lies in the information content, not in the
format in which it is distributed (i.e., the book or software diskette).
s�-
NAICS CODE 42: WHOLESALE TRADE (PAGE 1 OF 2)
The Wholesale Trade sector comprises establishments engaged in wholesaling merchandise, generally
without transformation, and rendering services incidental to the sale of merchandise. The merchandise
described in this sector includes the outputs of agriculture, mining, manufacturing, and certain
information industries, such as publishing.
The wholesaling process is an intermediate step in the distribution of merchandise. Wholesalers are
organized to sell or arrange the purchase or sale of (a) goods for resale (i.e., goods sold to other
wholesalers or retailers), (b) capital or durable non-consumer goods, and (c) raw and intermediate
materials and supplies used in production. Wholesalers sell merchandise to other businesses and
normally operate from a warehouse or office. These warehouses and offices are characterized by
having little or no display of merchandise. In addition, neither the design nor the location of the
premises is intended to solicit walk-in traffic. Wholesalers do not normally use advertising directed to
the general public. Customers are generally reached initially via telephone, in-person marketing, or by
specialized advertising that may include Internet and other electronic means. Follow-up orders are
either vendor-initiated or client-initiated, generally based on previous sales, and typically exhibit
strong ties between sellers and buyers. In fact, transactions are often conducted between wholesalers
and clients that have long-standing business relationships.
This sector comprises two main types of wholesalers: merchant wholesalers that sell goods on their
own account and business-to-business electronic markets, agents, and brokers that arrange sales and
purchases for others generally for a commission or fee. (1) Establishments that sell goods on their I74-
...
own account are known as wholesale merchants, distributors, jobbers, drop shippers, and
.4t
import/export merchants. 44
44
A / OE : 111 LESALE . DE ( 'A 2 OF )
Also included as wholesale merchants are sales offices and sales branches (but not retail stores)
maintained by manufacturing, refining, or mining enterprises apart from their plants or mines for the
purpose of marketing their products and group purchasing organizations (e.g., purchasing and selling
goods on their own account).
Merchant wholesale establishments typically maintain their own warehouse, where they receive and
handle goods for their customers. Goods are generally sold without transformation, but may include
integral functions, such as sorting, packaging, labeling, and other marketing services. Establishments
arranging for the purchase or sale of goods owned by others or purchasing goods, generally on a
commission basis are known as business-to-business electronic markets, agents and brokers, commission
merchants, import/export agents and brokers, auction companies, group purchasing organization (e.g.,
purchasing or arranging for the purchases of goods owned by others), and manufacturers' representatives.
These establishments operate from offices and generally do not own or handle the goods they sell. Some
wholesale establishments may be connected with a single manufacturer and promote and sell the
particular manufacturers' products to a wide range of other wholesalers or retailers.
Other wholesalers may be connected to a retail chain, or limited number of retail chains, and only provide
a variety of products needed by that particular retail operation(s). These wholesalers may obtain the
products from a wide range of manufacturers. Still other wholesalers may not take title to the goods, but
act as agents and brokers for a commission. Although, in general, wholesaling normally denotes sales in
large volumes, durable non-consumer goods may be sold in single units. Sales of capital or durable non-
consumer goods used in the production of goods and services, such as farm machinery, medium- and
heavy-duty trucks, and industrial machinery, are always included in wholesale trade.
NA C S CODE 48-49: TRANSPORTATION AND WAREHOUSING
The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo,
warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of
transportation. Establishments in these industries use transportation equipment or transportation related facilities as a
productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air,
rail, water, road, and pipeline. The Transportation and Warehousing sector distinguishes three basic types of activities:
subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for
establishments providing support activities for transportation. In addition, there are subsectors for establishments that
provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.
A separate subsector for support activities is established in the sector because, first, support activities for transportation
are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are
production process similarities among the support activity industries. One of the support activities identified in the
support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport,
railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform
complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment
to original design specifications) or transportation equipment conversion (i.e., major modification to systems). An
establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad
rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of
equipment. Many of the establishments in this sector often operate on networks, with physical facilities, labor forces,
and equipment spread over an extensive geographic area. Warehousing establishments in this sector are distinguished
from merchant wholesaling in that the warehouse establishments do not sell the goods. Excluded from this sector are
establishments primarily engaged in providing travel agent services that support transportation and other
establishments, such as hotels, businesses, and government agencies.
These establishments are classified in Sector 56, Administrative and Support and Waste Management and Remediation
Services. Also, establishments primarily engaged in providing rental and leasing of transportation equipment without
operator are classified in Subsector 532, Rental and Leasing Services.
NAICS CODE 51 : INFORMATION (EXCLUDING MOVIE THEATERS)
(PAGE 1 OF 3)
The Information sector comprises establishments engaged in the following processes: (a) producing and
distributing information and cultural products; (b) providing the means to transmit or distribute these
products as well as data or communications and (c) processing data. The main components of this sector
are the publishing industries, including software publishing, and both traditional publishing and
publishing exclusively on the Internet; the motion picture and sound recording industries; the
broadcasting industries, including traditional broadcasting and those broadcasting exclusively over the
Internet; the telecommunications industries; Web search portals, data processing industries, and the
information services industries.
The expressions "information age" and "global information economy" are used with considerable
frequency today. The general idea of an "information economy" includes both the notion of industries
primarily producing, processing, and distributing information, as well as the idea that every industry is
using available information and information technology to reorganize and make themselves more
productive. For the purposes of NAICS, it is the transformation of information into a commodity that is
produced and distributed by a number of growing industries that is at issue.
The Information sector groups three types of establishments: (1) those engaged in producing and
distributing information and cultural products; (2) those that provide the means to transmit or distribute
these products as well as data or communications; and (3) those that process data. Cultural products are
those that directly express attitudes, opinions, ideas, values, and artistic creativity; provide entertainment;
or offer information and analysis concerning the past and present. Included in this definition are popular, ta*,
mass-produced products as well as cultural products that normally have a more limited audience, such as
poetry books, literary magazines, or classical records.
it*
NA] CS CODE 51 : INFORMATION (EXCLUDING MOVIE THEATERS)
(PAGE 2 OF 3)
The unique characteristics of information and cultural products, and of the processes involved in their production
and distribution, distinguish the Information sector from the goods-producing and service-producing sectors. Some
of these characteristics are:
1. Unlike traditional goods, an "information or cultural product," such as a newspaper on-line or television program,
does not necessarily have tangible qualities, nor is it necessarily associated with a particular form. A movie can be
shown at a movie theater, on a television broadcast, through video-on-demand or rented at a local video store. A
sound recording can be aired on radio, embedded in multimedia products, or sold at a record store.
2. Unlike traditional services, the delivery of these products does not require direct contact between the supplier and
the consumer.
3. The value of these products to the consumer lies in their informational, educational, cultural, or entertainment
content, not in the format in which they are distributed. Most of these products are protected from unlawful
reproduction by copyright laws.
4. The intangible property aspect of information and cultural products makes the processes involved in their
production and distribution very different from goods and services. Only those possessing the rights to these works
are authorized to reproduce, alter, improve, and distribute them. Acquiring and using these rights often involves
significant costs. In addition, technology is revolutionizing the distribution of these products. It is possible to
distribute them in a physical form, via broadcast, or on-line.
5. Distributors of information and cultural products can easily add value to the products they distribute. For instance,
4*
broadcasters add advertising not contained in the original product. This capacity means that unlike traditional A.
distributors, they derive revenue not from sale of the distributed product to the final consumer, but from those who
pay for the privilege of adding information to the original product.
NAICS CODE 51 : INFORMATION (EXCLUDING MOVIE THEATERS)
(PAGE 3 OF 3)
Similarly, a directory and mailing list publisher can acquire the rights to thousands of previously
published newspaper and periodical articles and add new value by providing search and software and
organizing the information in a way that facilitates research and retrieval.
These products often command a much higher price than the original information. The distribution
modes for information commodities may either eliminate the necessity for traditional manufacture, or
reverse the conventional order of manufacture-distribute: A newspaper distributed on-line, for
example, can be printed locally or by the final consumer. Similarly, it is anticipated that packaged
software, which today is mainly bought through the traditional retail channels, will soon be available
mainly on-line.
The NAICS Information sector is designed to make such economic changes transparent as they occur,
or to facilitate designing surveys that will monitor the new phenomena and provide data to analyze
the changes. Many of the industries in the NAICS Information sector are engaged in producing
products protected by copyright law, or in distributing them (other than distribution by traditional
wholesale and retail methods). Examples are traditional publishing industries, software and directory
and mailing list publishing industries, and film and sound industries. Broadcasting and
telecommunications industries and information providers and processors are also included in the ;
Information sector, because their technologies are so closely linked to other industries in the 1 *,
Information sector.
4,4
NAICS CODE 523: SECURITIES, COMMODITY CONTRACTS, AND
OTHER FINANCIAL INVESTMENTS
Industries in the ri i Secu t es, Commodity Contracts, and Other Financial Investments and Related
Activities subsector group establishments that are primarily engaged in one of the following: (1)
underwriting securities issues and/or making markets for securities and commodities; (2) acting as agents
(i.e., brokers) between buyers and sellers of securities and commodities; (3) providing securities and
commodity exchange services; and (4) providing other services, such as managing portfolios of assets;
providing investment advice; and trust, fiduciary, and custody services.
NAICS CODE 524: INSURANCE CARRIERS AND RELATED ACTIVITIES
Industries in the Insurance Carriers and Related Activities subsector group establishments that are
primarily engaged in one of the following: (1) underwriting (assuming the risk, assigning premiums, and
so forth) annuities and insurance policies or (2) facilitating such underwriting by selling insurance
policies, and by providing other insurance and employee-benefit related services.
NAICS CODE 525: FUNDS, TRUSTS, AND OTHER FINANCIAL VEHICLES
Industries in the Funds, Trusts, and Other Financial Vehicles subsector are comprised of legal entities (i.e.,
funds, plans, and/or programs) organized to pool securities or other assets on behalf of shareholders or
beneficiaries of employee benefit or other trust funds. The portfolios are customized to achieve specific
investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn
interest, dividends, and other investment income, but have little or no employment and no revenue from the
sale of services. Establishments with employees devoted to the management of funds are classified in
Industry Group 5239, Other Financial Investment Activities. Establishments primarily engaged in holding the
securities of(or other equity interests in) other firms are classified in Sector 55, Management of Companies
and Enterprises. Equity Real Estate Investment Trusts (REITs) that are primarily engaged in leasing
44
buildings, dwellings, or other real estate property to others are classified in Subsector 531, Real Estate.
NAICS CODE 541310: ARCHITECTURAL SERVICES
This industry comprises establishments primarily engaged in planning and designing residential,
institutional, leisure, commercial, and industrial buildings and structures by applying knowledge of
design, construction procedures, zoning regulations, building codes, and building materials.
NAICS CODE 541320: LANDSCAPE ARCHITECTURAL SERVICES
This industry comprises establishments primarily engaged in planning and designing the development
of land areas for projects, such as parks and other recreational areas; airports; highways; hospitals;
schools; land subdivisions; and commercial, industrial, and residential areas, by applying knowledge
of land characteristics, location of buildings and structures, use of land areas, and design of landscape
projects.
NAICS CODE 541330: ENGINEERING SERVICES
This industry comprises establishments primarily engaged in applying physical laws and principles of
engineering in the design, development, and utilization of machines, materials, instruments,
structures, processes, and systems. The assignments undertaken by these establishments may involve
any of the following activities: provision of advice, preparation of feasibility studies, preparation of
preliminary and final plans and designs, provision of technical services during the construction or
installation phase, inspection and evaluation of engineering projects, and related services.
NAICS CODE 541340: DRAFTING SERVICES
This industry comprises establishments primarily engaged in drawing detailed layouts, plans, and
illustrations of buildings, structures, systems, or components from engineering and architectural itt.
specifications.
NAICS Code 541350: Building Inspection Services
This industry comprises establishments primarily engaged in providing building inspection services.
These establishments typically evaluate all aspects of the building structure and component systems
and prepare a report on the physical condition of the property, generally for buyers or others involved
in real estate transactions. Building inspection bureaus and establishments providing home inspection
services are included in this industry.
NAICS Code 541360: Geophysical Surveying and Mapping Services
This industry comprises establishments primarily engaged in gathering, interpreting, and mapping
geophysical data. Establishments in this industry often specialize in locating and measuring the extent
of subsurface resources, such as oil, gas, and minerals, but they may also conduct surveys for
engineering purposes. Establishments in this industry use a variety of surveying techniques depending
on the purpose of the survey, including magnetic surveys, gravity surveys, seismic surveys, or
electrical and electromagnetic surveys.
NAICS Code 541370: Surveying and Mapping (except Geophysical) Services
This industry comprises establishments primarily engaged in performing surveying and mapping
services of the surface of the earth, including the sea floor. These services may include surveying and
mapping of areas above or below the surface of the earth, such as the creation of view easements or
segregating rights in parcels of land by creating underground utility easements.
NAICS Code 541370: Surveying and Mapping (except Geophysical) Services
This industry comprises establishments primarily engaged in performing physical, chemical, and
other analytical testing services, such as acoustics or vibration testing, assaying, biological testing
(except medical and veterinary), calibration testing, electrical and electronic testing, geotechnical
testing, mechanical testing, nondestructive testing, or thermal testing. The testing may occur in a
laboratory or on-site. 441
4-,
NAICS CODE 541511: CUSTOM COMPUTING PROGRAMMING
SERVICES
This U.S. industry comprises establishments primarily engaged in writing, modifying, testing, and
supporting software to meet the needs of a particular customer.
NAICS CODE 541512: COMPUTER SYSTEMS DESIGN SERVICES
This U.S. industry comprises establishments primarily engaged in planning and designing computer
systems that integrate computer hardware, software, and communication technologies. The hardware
and software components of the system may be provided by this establishment or company as part of
integrated services or may be provided by third parties or vendors. These establishments often install
the system and train and support users of the system.
NAICS CODE 541513: COMPUTER FACILITIES MANAGEMENT
SERVICES
This U.S. industry comprises establishments primarily engaged in providing on-site management and
operation of clients' computer systems and/or data processing facilities. Establishments providing
computer systems or data processing facilities support services are included in this industry.
NAICS CODE 541519: OTHER COMPUTER RELATED SERVICES
This U.S. industry comprises establishments primarily engaged in providing computer related services
(except custom programming, systems integration design, and facilities management services).
Establishments providing computer disaster recovery services or software installation services are
****
included in this industry. **
lt
NAICS CODE 541611 : ADMINISTRATIVE AND GENERAL
MANAGEMENT CONSULTING SERVICES
This U.S. industry comprises establishments primarily engaged in providing operating advice and
assistance to businesses and other organizations on administrative management issues, such as
financial planning and budgeting, equity and asset management, records management, office
planning, strategic and organizational planning, site selection, new business startup, and business
process improvement. This industry also includes establishments of general management consultants
that provide a full range of administrative; human resource; marketing; process, physical distribution,
and logistics; or other management consulting services to clients.
NAICS CODE 541612: HUMAN RESOURCES CONSULTING SERVICES
This U.S. industry comprises establishments primarily engaged in providing advice and assistance to
businesses and other organizations in one or more of the following areas: (1) human resource and
personnel policies, practices, and procedures; (2) employee benefits planning, communication, and
administration; (3) compensation systems planning; and (4) wage and salary administration.
NAICS CODE 541613: MARKETING CONSULTING SERVICES
This U.S. industry comprises establishments primarily engaged in providing operating advice and
assistance to businesses and other organizations on marketing issues, such as developing marketing
objectives and policies, sales forecasting, new product developing and pricing, licensing and franchise
planning, and marketing planning and strategy. ...*
A*
it
44
NAICS CODE 5 61 : PROCESS, PHYSICAL DISTRIBUTION, AND LOGISTICS
CONSULTING SERVICES
This U.S. industry comprises establishments primarily engaged in providing operating advice and
assistance to businesses and other organizations in areas, such as: (1) manufacturing operations
improvement; (2) productivity improvement; (3) production planning and control; (4) quality
assurance and quality control; (5) inventory management; (6) distribution networks; (7) warehouse
use, operations, and utilization; (8) transportation and shipment of goods and materials; and (9)
N M1 4ik nth )ti gement Consulting Services
This U.S. industry comprises establishments primarily engaged in providing management consulting
services (except administrative and general management consulting; human resources consulting;
marketing consulting; or process, physical distribution, and logistics consulting). Establishments
providing telecommunications or utilities management consulting services are included in this
industry.
NAICS Code 541620: Environmental Consulting Services
This industry comprises establishments primarily engaged in providing advice and assistance to
businesses and other organizations on environmental issues, such as the control of environmental
contamination from pollutants, toxic substances, and hazardous materials. These establishments
identify problems (e.g., inspect buildings for hazardous materials), measure and evaluate risks, and
recommend solutions. They employ a multidisciplined staff of scientists, engineers, and other
technicians with expertise in areas, such as air and water quality, asbestos contamination, remediation,
and environmental law. Establishments providing sanitation or site remediation consulting services
are included in this industry.
NAICS CODE 541690: OTHER SCIENTIFIC AND TECHNICAL CONSULTING SERVICES
This industry comprises establishments primarily engaged in providing advice and assistance to
businesses and other organizations on scientific and technical issues (except environmental).
NAICS CODE 541713: RESEARCH AND DEVELOPMENT IN NANOTECHNOLOGY
This U.S. industry comprises establishments primarily engaged in conducting nanotechnology research
and experimental development. Nanotechnology research and experimental development involves the
study of matter at the nanoscale (i.e., a scale of about 1 to 100 nanometers). This research and
development in nanotechnology may result in development of new nanotechnology processes or in
prototypes of new or altered materials and/or products that may be reproduced, utilized, or implemented
by various industries.
NAICS CODE 541714: RESEARCH AND DEVELOPMENT IN BIOTECHNOLOGY
This U.S. industry comprises establishments primarily engaged in conducting biotechnology (except
nanobiotechnology) research and experimental development. Biotechnology (except nanobiotechnology)
research and experimental development involves the study of the use of microorganisms and cellular and
biomolecular processes to develop or alter living or non-living materials. This research and development
in biotechnology (except nanobiotechnology) may result in development of new biotechnology (except
nanobiotechnology) processes or in prototypes of new or genetically-altered products that may be
reproduced, utilized, or implemented by various industries.
NAICS CODE 541715: RESEARCH AND DEVELOPMENT IN PHYSICAL, ENGINEERING, AND LIFE
SCIENCES
This U.S. industry comprises establishments primarily engaged in conducting research and experimental
development (except nanotechnology and biotechnology research and experimental development) in the
physical, engineering, and life sciences, such as agriculture, electronics, environmental, biology, botany, I ***-
computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, s'i*
pharmacy, physics, veterinary and other allied subjects.
AA-
NAICS CODE 541720: RESEARCH AND DEVELOPMENT IN THE SOCIAL
SCIENCES AND HUMANITIES
This industry comprises establishments primarily engaged in conducting research and analyses in
cognitive development, sociology, psychology, language, behavior, economic, and other social science
and humanities research.
NAICS CODE 541910: MARKETING RESEARCH AND PUBLIC OPINION
POLLING
This industry comprises establishments primarily engaged in systematically gathering, recording,
tabulating, and presenting marketing and public opinion data.
NAICS CODE 541921: PHOTOGRAPHY STUDIOS, PORTRAIT
This U.S. industry comprises establishments known as portrait studios primarily engaged in providing
still, video, or digital portrait photography services.
NAICS CODE 541922: COMMERCIAL PHOTOGRAPHY
This U.S. industry comprises establishments primarily engaged in providing commercial photography
services, generally for advertising agencies, publishers, and other business and industrial users.
NAICS CODE 541930: TRANSLATION AND INTERPRETATION SERVICES
This industry comprises establishments primarily engaged in translating written material and
interpreting speech from one language to another and establishments primarily engaged in providing
11,4*
sign language services.
•
NAICS CODE 541940: VETERINARY SERVICES
This industry comprises establishments of licensed veterinary practitioners primarily engaged in the
practice of veterinary medicine, dentistry, or surgery for animals; and establishments primarily
engaged in providing testing services for licensed veterinary practitioners.
NAICS CODE 541990. ALL OTHER PROFESSIONAL, SCIENTIFIC, AND
TECHNICAL SERVICES
This industry comprises establishments primarily engaged in the provision of professional, scientific,
or technical services (except the services set forth in 541910, 541921, 541922, 541930, and 541940).
NAICS CODE 551111 : OFFICES OF BANK HOLDING COMPANIES
This U.S. industry comprises legal entities known as bank holding companies primarily engaged in
holding the securities of (or other equity interests in) companies and enterprises for the purpose of
owning a controlling interest or influencing the management decisions of these firms. The holding
companies in this industry do not administer, oversee, and manage other establishments of the
company or enterprise whose securities they hold.
NAICS CODE 551112: OFFICES OF OTHER HOLDING COMPANIES
This U.S. industry comprises legal entities known as holding companies (except bank holding)
primarily engaged in holding the securities of(or other equity interests in) companies and enterprises
for the purpose of owning a controlling interest or influencing the management decisions of these
firms The The holding companies in this industry do not administer, oversee, and manage other
establishments of the company or enterprise whose securities they hold. 4.
NAICS Code 551114: Corporate, Subsidiary, and Regional Managing 0 ices
This U.S. industry comprises establishments (except government establishments) primarily engaged
in administering, overseeing, and managing other establishments of the company or enterprise. These
establishments normally undertake the strategic or organizational planning and decision making role
of the company or enterprise. Establishments in this industry may hold the securities of the company
or enterprise.
NAICS Code 561421: Telephone Answering Services
This U.S. industry comprises establishments primarily engaged in answering telephone calls and
relaying messages to clients.
NAICS Code 561422: Telemarketing Bureaus and Other Contact Centers
This U.S. industry comprises establishments primarily engaged in operating call centers that initiate
or receive communications for others via telephone, facsimile, email, or other communication modes
for purposes such as: (1) promoting clients' products or services, (2) taking orders for clients, (3)
soliciting contributions for a client; and (4) providing information or assistance regarding a client's
products or services. These establishments do not own the product or provide the services they are
representing on behalf of clients.
NAICS Code 922140: Correctional Institutions
This industry comprises government establishments primarily engaged in managing and operating
correctional institutions. The facility is generally designed for the confinement, correction, and 4,
rehabilitation of adult and/or juvenile offenders sentenced by a court. 4.
44,
"2-1.
ylie cono ic evelop ent Corporation
ME O - A DU
TO: WEDC Board of Directors
FROM: Sam Satterwhite, Executive Director
SUBJECT: Future Agenda Items
DATE: July 9, 2018
Issue
Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial
consideration/discussion allowed).
Analysis
During this Discussion Item, Board Members will have the opportunity to propose that an issue
be placed on a future agenda for consideration.
The Board will note that no substantial consideration/discussion is allowed so that there will not
be a violation of the Open Meetings Act which requires discussion/action items be placed on
Agenda's with specific language as to what will be discussed. For example, the above language
will allow a Board Member to present a request for a certain item to be placed on an agenda for
consideration, but not the ability for the same Board Member to argue the merits of the issue.
Conversely, another Board Member may not discuss the merits as to why they may not want that
particular item on a future agenda.
Recommendation
This Item is for discussion only and will provide direction to Staff. No formal action is allowed.