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09-16-1997 (WEDC) Minutes Minutes WYLIE ECONOMIC DEVELOPMENT CORPORATION Tuesday, September 16, 1997 Board Members Present: Marvin Fuller Kevin St. John J.C. Worley 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 September 16, 1997 in the Board Room of the Wylie Chamber of Commerce at 108 W. Marble, Wylie, Texas. The meeting was called to order by President John Yeager at 3:15 p.m. ITEM NO. 1 - Discuss and Consider Approval of Minutes for the August 19, 1997 Regular Board of Directors Meeting of the Wylie Economic Development Corporation. MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to approve the Minutes for the August 19, 1997 Regular Board of Directors Meeting for the Wylie Economic Development Corporation. The WEDC Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 2 - Discuss and Consider Approval of Minutes for the August 26, 1997 Regular Board of Directors Meeting of the Wylie Economic Development Corporation. MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to approve the Minutes for the August 26, 1997 Regular Board of Directors Meeting for the Wylie Economic Development Corporation. The WEDC Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 3 - Discuss and Consider Approval of Minutes for the September 3, 1997 Regular Board of Directors Meeting of the Wylie Economic Development Corporation. WEDC - Minutes September 16, 1997 Page 2 MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to approve the Minutes for the September 3, 1997 Regular Board of Directors Meeting for the Wylie Economic Development Corporation. The WEDC Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 4 - Discuss and Consider Approval of the August, 1997 Treasurer's Report for the Wylie Economic Development Corporation. MOTION: A motion was made by Merrill Young and seconded by J.C. Worley to table consideration of the August, 1997 Treasurer's Report for the Wylie Economic Development Corporation. The WEDC Board of Directors voted 5 -FOR and 0 - AGAINST in favor of the motion. ITEM NO. 5 - Staff Reports. Staff updated Board members on issues surrounding Best Technologies, L.G. Motorsports, Accurate Automatic, CPI Communications, Natural Plastics International Corporation, and the referendum to be held on September 20, 1997 and its impact on the Kansas City Southern proposed manifest/intermodal facility. Board member Young requested that staff produce a spreadsheet which lists all projects the WEDC is actively working on so Board members are more familiar with the status of the projects. Staff also indicated to the Board that a new copier will need to be purchased/leased by the WEDC due to the current copier being outdated and continually malfunctioning. ITEM NO. 6 - Citizen Participation. With no citizen present to speak, President Yeager moved to Item No. 7. ITEM NO. 7 - Convene into Executive Session. The Wylie Economic Development Corporation Board of Directors convened into Executive Session to discuss Personnel Matters {Texas Open Meetings Act, Government Code Section 551.074}: Yearly Evaluation of the Executive Director of the Wylie Economic Development Corporation. ITEM NO. 8 - Reconvene into Open Meeting. After reconvening into open meeting, the Board of Directors indicated that based upon the positive impact the Executive Director is having on the WEDC, a raise is appropriate and effective on September 29, 1997. WEDC - Minutes September 16, 1997 Page 3 MOTION: A motion was made by Merrill Young and seconded by J.C. Worley to increase the annual salary of the Executive Director by $4,800, or 11.4%. The WEDC Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 9 - Adjourn. There being no further business, the meeting was adjourned at 4:30 p.m. John Yeager, President Attest: Samuel D.R. Satterwhite Executive Director