05-06-2005 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
May 6, 2005
Board Members Present
•
Gary Bowland
Marvin Fuller
John Yeager
Merrill Young
Staff Present
Samuel Satterwhite, Executive Director
With notice of the meeting posted in time and manner required by law and a quorum of Board
members present, the Board of Directors of the Wylie Economic Development Corporation
(WEDC) met in Regular Session on May 6, 2005 in the Conference Room of Inwood National
Bank located at 200 South Highway 78, Wylie, Texas.
The meeting was called to order by President Marvin Fuller at 7:00 a.m.
Staff noted for the record that while the WEDC agenda was posted, due to reasons outside of its
control, the Board packets were not prepared or presented to the WEDC Board for their review or
consideration.
ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the January 20, 2005
Regular Board of Directors Meeting of the WEDC.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of the January 20, 2005 Regular Board of Directors
Meeting of the WEDC. The WEDC Board of Directors voted 4 — FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 2 — Consider and Act Upon Approval of Minutes for the February 2, 2005
Regular Board of Directors Meeting of the WEDC.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of the February 2, 200.5 Regular Board of Directors
Meeting of the WEDC. The WEDC Board of Directors voted 4 — FOR
and 0 —AGAINST in favor of the motion.
ITEM NO. 3 — Consider and Act Upon Approval of Minutes for the March 21, 2005
Regular Board of Directors Meeting of the WEDC.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of the March 21, 2005 Regular Board of Directors
Meeting of the WEDC. The WEDC Board of Directors voted 4 — FOR
and 0—AGAINST in favor of the motion.
WEDC—Minutes
May 6, 2005
Page 2
ITEM NO. 4 — Consider and Act Upon Approval of the December, 2004 Treasurer's
Report for the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of the December, 2004 Treasurer's Report for the
Wylie Economic Development Corporation. The WEDC Board of
Directors voted 4 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 5 — Consider and Act Upon Approval of the January, 2005 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of the January, 2005 Treasurer's Report for the Wylie
Economic Development Corporation. The WEDC Board of Directors
voted 4—FOR and 0—AGAINST in favor of the motion.
ITEM NO. 6 — Consider and Act Upon Approval of the February,2005 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of the February, 2005 Treasurer's Report for the Wylie
Economic Development Corporation. The WEDC Board of Directors
voted 4 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 7 — Consider and Act Upon Issues Surrounding WEDC Investment Accounts
and Short and Long Term Liabilities.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of issues surrounding WEDC investment accounts and
short and long term liabilities. The WEDC Board of Directors voted 4 —
FOR and 0—AGAINST in favor of the motion.
ITEM NO. 8 — Consider and Act Upon Issues Surrounding a Loan Agreement Between
Carlisle Coatings & Waterproofing and the WEDC.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of issues surrounding a Loan Agreement between
Carlisle Coatings & Waterproofing and the WEDC. The WEDC Board of
Directors voted 4—FOR and 0 —AGAINST in favor of the motion.
WEDC—Minutes
May 6, 2005
Page 3
ITEM NO. 9 — Consider and Act Upon Issues Surrounding the Purchase of Land from
Ferrell Construction.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of issues surrounding the purchase of land from Ferrell
Construction. The WEDC Board of Directors voted 4 — FOR and 0 —
AGAINST in favor of the motion.
ITEM NO. 10 — Consider and Act Upon Issues Surrounding an Incentive Agreement
Between the WEDC and Extruders Division of Atrium Companies,Inc.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
table consideration of issues surrounding an Incentive Agreement between
the WEDC and Extruders Division of Atrium Companies, Inc. The
WEDC Board of Directors voted 4 — FOR and 0 — AGAINST in favor of
the motion.
ITEM NO. 11 —EXECUTIVE SESSION:
The WEDC Board did not convene into Executive Session.
ITEM NO. 12 —RECONVENE INTO OPEN MEETING:
The WEDC Board did not convene into Executive Session.
ITEM NO. 13 — Staff Report.
There was no staff report presented.
ITEM NO. 14 — Citizen Participation.
There being no citizen participation; President Fuller proceeded to Item No. 15.
WEDC—Minutes
May 6, 2005
Page 4
ITEM NO. 15 —Adjourn.
There being no further business, the meeting was adjourned at 7:05 a.m.
Marvin Fuller, President
Attest:
Samuel D.R. Satterwhite
Executive Director