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12-20-2002 (WEDC) Minutes Minutes WYLIE ECONOMIC DEVELOPMENT CORPORATION December 20,2002 Board Members Present: Marvin Fuller Kevin St. John John Yeager Merrill Young (departed at 8:10 a.m.) Staff Present: Samuel Satterwhite, Executive Director Elizabeth Hurst, WEDC Counsel 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 December 20, 2002 in the Conference Room of Woodbridge Golf Club located at 7400 Country Club Drive, Wylie, Texas. The meeting was called to order by President John Yeager at 7:10 a.m. ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the November 20, 2002, Regular Board of Directors Meeting of the Wylie Economic Development Corporation. MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to approve the minutes for the November 20, 2002, Regular Board of Directors Meeting of the Wylie Economic Development Corporation. 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 the October, 2002 Treasurer's Report for the Wylie Economic Development Corporation. MOTION: A motion was made by Kevin St. John and seconded by Merrill Young to approve the October, 2002 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. 3 — Consider and Act Upon Approval of the November, 2002 Treasurer's Report for the Wylie Economic Development Corporation. MOTION: A motion was made by Merrill Young and seconded by Kevin St. John to approve the November, 2002 Treasurer's Report for the Wylie Economic WEDC—Minutes December 20, 2002 Page 3 Development Corporation. The WEDC Board of Directors voted 4—FOR and 0—AGAINST in favor of the motion. ITEM NO. 4 — Discuss and Act Upon Issues Surrounding the Retail Development of Property Located at 404 S. Highway 78. Staff presented the Board with a concept site plan which depicts four restaurant pad sites on WEDC property. The Board instructed staff to work with the City of Wylie Planning Department to determine if the concept plan presented would be acceptable form a parking and traffic flow standpoint. No recommendation was made by staff resulting in no action taken by the WEDC Board of Directors. ITEM NO. 5—Discuss and Act Upon Issues Surrounding Development of WEDC Property Located at 404 S. Highway 78. Staff informed the Board that a Secondary Client Agreement had been delivered to the WEDC. Aside from a minimal amount of errors and omissions protection provided to the WEDC in regard to work preformed by Pond, Robinson, the agreement provides the WEDC with the actual data used to compile the environmental report. Staff indicated that following execution of the Agreement and receipt of the data, the report will be forwarded to Cirrus and Associates (WEDC environmental consultant) to examine the accuracy of the findings and recommendations of Pond, Robinson. Following a recommendation from Cirrus, the WEDC Board of Directors will evaluate whether to accept the findings of Pond, Robinson, or consider other alternatives. Staff recommended that the WEDC Board of Directors authorize the execution of a Secondary Client Agreement between the WEDC and Pond, Robinson. MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John authorizing the WEDC Executive Director to execute a Secondary Client Agreement between the WEDC and Pond, Robinson. The WEDC Board of Directors voted 3 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 6 — Discuss Marketing of Kansas City Southern Railway Property for Industrial Development. Staff presented the potential for partnering with Kansas City Southern Railway Company (KCS) to market and develop ±250 acres of industrial property adjacent to the KCS switching yard east of the Wylie Municipal Complex. Staff commented that aside from small parcels scattered throughout town, the only industrial property remaining in Wylie is owned by KCS. WEDC—Minutes December 20, 2002 Page 3 Staff suggested that a development plan be put in place and the WEDC could focus its efforts on developing a business park which could dwarf the size and success of Premier Business Park. The Board agreed that the concept is directly in line with the charge of industrial development and may be the only opportunity to create a business center to support "heavy" industry. The Board instructed staff to update them as to the progress of discussions with KCS officials and the creation of a development plan. The item was provided as information only with no recommendation or motion required at this time. ITEM NO. 7—Citizen Participation. There being no citizen participation, President Yeager proceeded to Item No. 8. ITEM NO. 8—Adjourn. There being no further business, the meeting was adjourned at 8:20 a.m. ohn Y ger, President Attest: :. — 1c1)------:-. Samuel D.R. Satterwhite Executive Director