05-06-1999 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Tuesday, May 6, 1999
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John
John Yeager
Staff Present:
Samuel Satterwhite, Executive Director
Others Present:
Chris Trout, Wylie City Council
J.C. Worley, Wylie City Council
Mike Collins, City Manager
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, 1999 in the Board Room of the Wylie Chamber of
Commerce at 108 W. Marble St., Wylie, Texas.
The meeting was called to order by President Yeager at 12:00 p.m.
ITEM NO. 1 - Discuss and Consider Issues Surrounding Hogans Gold Label, Inc. (d.b.a.
Gold Label, Inc.).
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
table consideration of issues surrounding Hogans Gold Label, Inc. The
WEDC Board of Directors voted 4 - FOR and 0 - AGAINST in favor of
the motion.
ITEM NO. 2 - Discuss and Consider Issues Surrounding the Relocation/Expansion of
Project Southside to Premier Business Park.
On March 31, 1999, staff, along with Mr. Marvin Fuller, attended a meeting at Extruders to
discuss the potential sale of land on which Extruders currently is located. Aside from WEDC
representative, Mr. George Frost, President of Extruders, and Mr. Ken Gilmer, Chief Operating
Officer of Atrium Companies were in attendance. Although not the perceived intent of the
meeting, the sole discussion revolved around the potential of Extruders remaining in Wylie.
WEDC - Minutes
May 6, 1999
Page 2
Project specifications were as follows: construction of a 240,000 square feet facility, tilt-wall
construction, purchase of an additional extrusion press ($5 million), relocation of 180 jobs from
the Woodsville operation, relocation of the existing extrusion press located in Woodsville, and
third party ownership of the proposed facility with a 15-20 year lease to Extruders.
On April 12th, staff along with a team of Wylie representatives, met with Extruders to discuss
potential incentives to the project. Incentives discussed at the meeting were a 22 acre greenfield
site south of Hensley and west of Sanden, a 400%tax abatement from the City of Wylie over a 5-
year period, a $380,000 reimbursement for relocation expenses, a commitment by the WEDC to
secure the designation of an Enterprise Zone within Premier Business Park, and payment for
development fees associated with construction of the new facility up to $60,068. A follow-up
meeting was scheduled for April 26th.
Extruders returned on April 26th and asked the WEDC and City of Wylie to consider the
following issues:
1. The value placed upon property within Premier be reduced to $0.50 per square
foot;
2. Terms of the abatement package be increased from 400% to 500% over 5
years; and
3. The Wylie city government be supportive of the proposed expansion.
The WEDC Board of Directors believed that a reduction in the purchase price of the 22 acre site
from $1.00 per square foot to $0.50 per square foot is acceptable. Mr. Bowland commented that
the Collin County Central Appraisal District will base their evaluation on market value
regardless of the sales price.
The WEDC Board did not believe it is in the best interest of the community to offer a 100%
abatement. Should a 100% abatement be offered, future projects will be significantly impacted
and a precedent will be set.
The Board also discussed issues surrounding the relocation grant. Should Extruders relocate to
Premier Business Park, the WEDC will fund 50% of the grant at the time a certificate of
occupancy is issued, and the final 50% of the grant will be funded at the time all extrusion
presses are fully operational. Also, the Board believed a 22 acre site is far in excess the amount
of acreage required for a 240,000 square foot facility. Staff informed the Board that a 200,000
square foot, metal facility is now being considered. The Board believed that if the intent to
construct a 100% masonry facility is maintained, the increased value will offset the additional
land being offered.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
convey 22.2 acres of property within Premier Business Park to Extruders
should a 200,000 square foot, 100% masonry facility be constructed, fund
a $380,000 relocation grant, value property within Premier Business Park
WEDC -Minutes
May 6, 1999
Page 3
at $0.50 per square foot, and recommend a 400% abatement package to the
Wylie City Council. The WEDC Board of Directors voted 4 - FOR and 0
- AGAINST in favor of the motion.
ITEM NO.3 - Discuss and Consider Issues Surrounding the Wylie Chamber of Commerce
1999 Ranch Rodeo.
MOTION: A motion was made by Gary Bowland and seconded by Kevin St. John to
table consideration of issues surrounding the Wylie Chamber of
Commerce 1999 Ranch Rodeo. The WEDC Board of Directors voted 4 -
FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 4 -Executive Session.
The Wylie Economic Development Corporation Board of Directors convened into Executive
Session at 1:50 p.m. to deliberate the purchase of real property as authorized in the Texas Local
Government Code, Section 551.072.
ITEM NO. 5 - Reconvene From Executive Session.
The Wylie Economic Development Corporation Board of Directors reconvened into open session
at 1:55 p.m. No action was taken as a result of Executive Session.
ITEM NO. 6- Citizen Participation.
There being no citizens present, the Chairman proceeded to Item No. 7.
ITEM NO 7-Adjourn.
There being no further business, the meeting was adjourned at 1:57 p.m.
John Y ger, resident
Attest:
Samuel D.R. Satterwhite
Executive Director