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01-24-2020 (WEDC) Agenda Packet 9 NOTICE OF MEETING ECONOMIC DEVELOPMENT CORPORATION Regular Meeting Agenda January 24, 2020—7:30 A.M. WEDC Offices— Conference Room 250 South Highway 78 —Wylie, Texas Demond Dawkins President John Yeager Vice President Melisa Whitehead Secretary Gino Mulliqi Treasurer To be appointed Board Member Mayor Eric Hogue Ex-Officio Member Chris Hoisted, 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.wylietexas.gov within the required time frame. CALL TO ORDER Announce the presence of a Quorum. INVOCATION & PLEDGE OF ALLEGIANCE 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 January 7, 2020 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the December 2019 WEDC Treasurer's Report. III. Consider and act upon review and approval of a Check Set of Construction Drawings associated with a Real Estate Contract between the WEDC and WB Real Estate, LLC. IV. Consider and act upon a Performance Agreement between the WEDC and Savannah Woodbridge Development, LLC. V. Consider and act upon a Perfoiinance Agreement between the WEDC and Avanti Windows, LLC. VI. Consider and act upon issues surrounding the 2019 WEDC Annual Report. WEDC—Agenda January 24, 2020 Page 2 of 3 DISCUSSION ITEMS VII. Discuss development issues pertaining to the City/WEDC owned 544 Gateway property. VIII. Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, SAF Holland, environmental activity summary,Brown&78 redevelopment update, WEDC investment property, Taylor& Son, upcoming events, and regional housing starts. IX. Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). EXECUTIVE SESSION If during the course of the meeting covered by this notice, the Wylie Economic Development Corporation(WEDC) should determine that a closed or executive meeting or session of the WEDC Board, or a consultation with the attorney for the City, should be held or is required, then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open Meetings Act, Texas Government Code§551.001 et. seq., will be held by the WEDC Board at the date, hour, and place given in this notice as the WEDC Board may conveniently meet in such closed or executive meeting or session or consult with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act, including, but not limited to, the following sections and purposes: Texas Government Code Sections: §551.071 —Private consultation with an attorney for the City. §551.072—Discussing purchase, exchange, lease or value of real property. §551.074—Discussing personnel or to hear complaints against personnel. §551.087—Discussing certain economic development matters. §551.073—Discussing prospective gift or donation to the City. §551.076—Discussing deployment of security personnel or devices or security audit. 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: • State Highway 78 &F.M. 544 • Jackson & Oak • State Highway 78 &Marble • Skyview & CR 384 Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). Deliberation regarding commercial or financial infoiuiation that the WEDC has received from a business prospect and to discuss the offer of incentives for: • Project 2017-10a • Project 2018-2a • Project 2019-I lb WEDC—Agenda January 24, 2020 Page 3 of 3 • Project 2019-11c • Project 2019 12-a RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on this 20h day of January 2020 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: www.wylietexas.gov. Stephanie Storm,City Secretary Date Notice Removed mutes Wylie Economic Development Corporation Board of Directors Meeting Tuesday, January 7, 2020—7:30 A.M. WEDC Offices—Conference Room 250 South Highway 78—Wylie, Texas CALL TOO ' I ER Announce the presence of a Quorum President Demond Dawkins called the meeting to order at 7:33 a.m. Board Members present were John Yeager, Gino Mulliqi, and Melisa Whitehead. Ex-officio member Chris Hoisted, City Manager was present. WEDC staff present was Executive Director Sam Satterwhite and Assistant Director Jason Greiner. INVOCATION & PLEDGE OF ALLEGIANCE President Dawkins gave the invocation and led the Pledge of Allegiance. CITIZEN PARTICIPATION With no citizen participation, President Dawkins moved to Action Items. ACTION ITEMS ITEM NO. 1 — Consider and act upon approval of the December 20, 2019 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Melisa Whitehead and seconded by Gino Mulliqi to approve the December 20, 2019 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 4 — FOR and 0 — AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO. 2 —Discussion of issues to be placed on a future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). No Board Member requested that an item be placed on a future agenda. EXECUTIVE SESSION Recessed into Closed Session at 7:39 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: Mayor Hogue arrived at 8:01 a.m. WEDC—Minutes January 7, 2020 Page 2 of 2 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: • State Highway 78 & Brown Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). • Evaluation of WEDC Assistant Director ' CONVENE INTO OPEN MEETING Take any action as a result from Executive Session The WEDC Board of Directors reconvened into open session at 8:19 a.m. and took the following action: MOTION: A motion was made by Gino Mulliqi and seconded by Melisa Whitehead to approve an Employment Agreement for Jason Greiner that calls for him to assume the role Executive Director of the Wylie Economic Development Corporation effective February 16,2020,requiring Mr.Greiner to relocate his residence within Wylie City Limits no later than July 7, 2020, and further authorize President Dawkins to execute the Agreement. The WEDC Board voted 4—FOR and 0—AGAINST in favor of the motion. ADJOU' MENT With no further business, President Dawkins adjourned the WEDC Board meeting at 8:20 a.m. Demond Dawkins, President ATTEST: Samuel Satterwhite,Executive Director ylie cono ic I evelop ent Con oration E 0 - A DU TO: Sam Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistant SUBJECT: December 2019 Treasurer's Report DATE: January 13, 2020 Issue Consider and act upon approval of the December 2019 WEDC Treasurer's Report. Analysis Sales Tax Receipts for January were $218,520 representing a decrease of 2.66% over 2019 receipts. From the Balance Sheet,page 1: Accounts Rec — Forgivable Loans - $140,000. This figure represents the loan made to Exco Extrusion Dies in the amount of$350,000. The first 3 loan payments were forgiven on February 24th of 2017, 2018, and 2019 respectively in accordance with the terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 2 loan payments will be forgiven in equal amounts of$70,000 on an annual basis effective February 24th. Deferred Outflows - $813,688.80. This is the total of incentive payments which are due in the future. A breakdown of these charges includes: Exco Extrusion Dies — $20,000, DCU - $19,488.80, DANK Real Estate - $45,900, Cross Development - $250,000, SCSD-Finnell - $175,000, Carrie Elle - $2,500, Rocking M - $89,500, Taylor & Son - $104,500, Cardinal - $106,800. Balance Sheet,page 2: Deferred Inflow - $78,000. 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 three payments of $39,000 were forgiven on February 2nd of 2017, 2018, and 2019 respectively, with two payments remaining. Revenue and Expense Report,page 2: Rental Income— $12,232. Wheels Unlimited - $1,435, Heath - $4,212, Trimark - $1,035, Wylie Northeast - $1,000, Richmond - $500, Helical Concepts - $400, Ken Ross - $400, Austin-Said - $3,250. WEDC December 2019 Treasurers Report January 13, 2020 Page 2 of 2 Revenue and Expense Report,page 3: Office Supplies—$180.57. Ink Cartridges - Large Format Printer. Postage& Freight - $23.90. Shipping—WEDC Invitational Folio. Food Supplies - $71.23. Thanksgiving Lunch($43.28), and WEDC Board Mtg Meals ($27.95). Special Services - $47,324.90. Environmental — Hwy 78 & Brown ($28,834.62), Environmental - Kirby ($9,948.57), Janitorial ($157.50), 605 Commerce Water ($65.47), Commerce - Concrete ($6,767), Property Management ($1,551.74). Advertising - $7,274. Website Hosting ($2,999), Chamber Directory ($1,200), Connection ($3,000), Wylie News ($75). Community Development - $7,720.03. WEDC Invitational ($4,620.18), Chamber Sponsor - Manufacturing Day ($2,800), Customer Appreciation—Holiday ($299.85). Travel & Training - $3,522.25. Biz Now- Greiner($138), TML Conf. ($890.65), KCS Meetings ($1,113.62), TEDC Sales Tax Training - Whitehead ($175), Bus Mtg/Proj. Update ($1,204.98). Dues & Subscriptions - $1,777.48. Club Corp Dues — Oct & Nov ($1,482.48), IEDC Dues - Greiner ($435), Mulliqi—TEDC Refund(-$140). Audit & Legal - $1,548.50. Kirby-Mulligan($1,278.50), Kirby Environmental ($270). Engineering& Architectural - $2,370. FM 544 Roadway Plan. Streets & Alleys - $9,499. KCS Utility Permit ($9,375), FM 544 Waterline Eng. ($124) Recommendation Staff recommends the WEDC Board of Directors approve the December 2019 Treasurer's Report. Attachments December 2019 Treasurer's Report Wylie Economic Development Corporation Statement of Net Position As of December 31,2019 Assets Cash and cash equivalents $ 1,016,230.84 Receivables $ 140,000.00 Note 1 Inventories $ 12,558,802.10 Prepaid Items $ Total Assets $ 13,715,032.94 Deferred Outflows of Resources Pensions $ 101,121.55 Total deferred outflows of resources $ 101,121.55 Liabilities Accounts Payable and other current liabilities $ 37,251.23 Unearned Revenue $ 79,200.00 Note 2 Non current liabilities: Due within one year $ 285,861.66 Note 3 Due in more than one year $ 6,730,184.21 Note 4 Total Liabilities $ 7,132,497.10 Deferred Inflows of Resources Pensions $ (30,407.41) Total deferred inflows of resources $ (30,407.41) Net Position Net investment in capital assets $ - Unrestricted $ 6,714,064.80 Total Net Position $ 6,714,064.80 Note 1: Includes incentives in the form of forgivable loans for$140,000 Note 2: Exco amortization;deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$14,237 Note 4: Includes$4,298,563.49 draw-down of the approved$4,500,000 loan from American National Bank as of December 31,2019 1-15-2020 03:28 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: DECEMBER 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 1,014,230.84 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 REC - 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 REC - JTM TECH 0,00 1000-12998 ACCTS REC - FORGIVEABLE LOANS 140,000,00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0,00 1000-14116 INVENTORY - LAND & BUILDINGS 12,558,802.10 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 813,688.80 14,528,721.71 TOTAL ASSETS 14,528,721.74 LIABILITIES 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 1.08 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 1,174.98 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE ELITE 12.00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20100 ADDIT EMPLOYEE INSUR PAY 48.00 2000-20199 MISC PAYROLL PAYABLE 0.00 1-15-2020 03:28 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: DECEMBER 31ST, 2019 111--WYLIE ECONOMIC; DL',VEL CORP ACCOUNT# 'TITLE 2000-20201 AP PENDING 5,587.90 2000-20210 ACCOUNTS PAYABLE 30,427.27 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 813,688.80 2000-20810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 78,000.00 2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 1,200.00 TOTAL, LIABILITIES 930,140.03 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESERV/UNDESIG 12,946,562.95 TOTAL BEGINNING EQUITY 12,946 562 95 TOTAL REVENUE 1,057,252.05 TOTAL EXPENSES 405,233.29 REVENUE OVER/(UNDER) EXPENSES 652,018.76 TOTAL, EQUITY & OVER/(UNDER) 13,598,581.71 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 14,528,721.74 1-15-2020 03:28 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: DECEMBER 31ST, 2019 922—GEN LONG TERM DEBT (WEDC) ACCOUNTI TITLE ASSETS 1000-10312 GOVERNMENT NOTES 0.,00 1000-18110 LOAN — WEDC 0e_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 TMRS CONTRIBUTIONS 35,543,29 1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 543,00 1000-19075 DEC OUTFLOW — INVESTMENT EXP 048 1000-19100 DEF OUTFLOW — ACT EXP/ASSUMP 65,034..78 1000-19125 (GAIN)/LOSS ON ASSUMPTION CHG( 30,407..„,41) 70,714.14 TOTAL ASSETS 70,714.14 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 90,966.82 2000-20311. COMP ABSENCES PAYABLE—CURRENT 14,237.00 2000-21410 ACCRUED INTEREST PAYABLE 11,478.21 2000-28205 WEDC LOANS/CURRENT 260,146.45 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 ANB LOAN/EDGE 0.00 2000-28233 ANB LOAN/PEDDICORD WHITE 0.00 2000-28234 AND LOAN/RANDACK HUSHES 0.00 2000-28235 ANB LOAN 0.00 2000-28236 ANB CONSTRUCTION LOAN 0.00 2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 96,900.47 2000-28238 ANB LOAN/BUCHANAN 0.00 2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00 2000-28240 HUGHES LOAN 0.00 2000-28242 AND LOAN/HWY 78:5TH ST REDEV 4,298,563.49 2000-28245 ANB LOAN/DALLAS WHIRLPOOL 1,863,204.17 2000-28247 JARRARD LOAN 202,935.09 2000-28250 CITY OF WYLIE LOAN 0.00 2000-28260 PRIME KUTS LOAN 0,00 2000-28270 BOWLAND/ANDERSON LOAN 0.00 2000-28280 CAPITAL ONE CAZAD LOAN 0,00 2000-28290 HOBART/COMMERCE LOAN 0.00 2000-29150 NET PENSION LIABILITY 1.71,108.17 2000-29151 SDBF LIABILITY 6,506.00 TOTAL LIABILITIES w...—„ 7 016,045.87 1-15-2020 03:28 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: DECEMBER 31ST, 2019 922—GCN LONG TERM DEBT (WEDC) ACCOUNTS TITLE EQUITY ....._........... ..._ 3000-31590 FUND BALANCE—UNRESERV/UNDESIG( 6,088,576.11) 3000-35900 UNRESTRICTED NET POSITION ( 120,264.00) TOTAL BEGINNING EQUITY ( 6,208,840.11) TOTAL REVENUE 795,063.96) TOTAL EXPENSES 58,572.31) REVENUE OVER/(UNDER) EXPENSES ( 736,491.62) TOTAL EQUITY & OVER/(UNDER) ( 6,945,331.73) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 70,714e14 x-xsaom 03.32 rm czrx OF WYLzo p^oo. i xuvowuu morour AS OF: nocomoom ,mr' ooz» z/z-wrLrs ocvwm°zC oovoL CORP rzwxmcI^L Svmaavz cnnmowr ropmomT rvzoa YEAR x-r-o ,-T-o aounoT * or uv000T poazoo rn Ao^vxr. ^cro^L owcoman^mro aamNco ovouor __' REVENUE SUMMARY o^xoo z'eo'^no�vn 226'663�94 0.00 226'663�94 0.00 2'721.736,06 `�m zorum;ovomwwrnz^L ms,. 0.00 0,00 0.00 o�oo 0.00 o�on o�oo zvro^oxr INCOME 6'00n�vo 478�88 o^nn 1'482.15 o-un 4'517�85 z«�/o mzxccLLAwoovx zmnnmu /,*37'2*6�00 /2'232,00 0.00 m'om.00 u-oo 1'903.22*�00 1,,6 oruoo czmxoczwo ovomroo 0.00 0.00 -_ 0.^00 l95,063�96 _-0.00 �95,063.96) _0.00 TOTAL auromvcx 4.891'666�00 239'3,4�82 0.00 1'057'252�05 u�vo 3'834'413,95 zz.»z 1-15-2020 os.o cm cro OF WYLzo p^oo. z REVENUE REPORT AS mm oocnmaon 31or' ,vzv 111-w,Lzo oromwy,n oEvoL CORP uovomvoS cvarcmr nvvxmwr pnma YEAR z'r-o z-r-o mnocor * or avucor povzoo ,n ac«vnr, ^crvuL cmovmna^mcE a^Lnwco a"onor � ---------------------------------------_ _ _ -__-__- TAXES 4000-40150 REV IN Lozo OF rmEo 0.00 0.00 0�00 n�nn 0,00 0.00 0.00 ^000 «n2zo ;^Lmo r^x �-2,948,400.00 _226,663�94 '0.00 _~7.69 rv,^L rvxon 2.948'400�00 226'663.94 o�no 226'6e3�94 o�oo 2'721,736�06 7�69 INTERGOVERNMENTAL REV. onon *»5/o znu ncomomrr xruouxEo`x u�oq .. .' °_- 0�00 0.00 _0.00 rn`uL zwzsmsovumwmumra^ nuv. u�vo o�on o�o« 0.00 0,00 o�nn 0,00 INTEREST INCOME xvvv o^v5o cumczrzcxro OF ompouz` 0.00 o�nn n_on 0.00 0.00 o ou 0.00 ^noo 4oz10 oLLorurEo ,wrsuonr E^mmImca o'000.vv 478�88 o'oo z'ova,zu v oo 4,5/7,85 24,70 «vvn vo14u roxmoL zmramooc 0.00 n�oo 0.00 n�on 0.00 n oo 0.00 ^non 4s1«s Loczc Imrumusr 0.00 o�oo 0.00 o�nn 0,00 o�oo 0,00 4000 4oz5n zwrmnmnr oammzmoo o�un o�ou o^ov o�oo o�vo 0,00 0.00 4000 ^*16n Lo^w nur^znEmz (,mImoz,vL) 0.00 0.00 0.00 o�vu 0.00 0,00 o�nn 4000'46210 axwc mvwux momnmr zmroaoor' oloI _ ' 0.00 0u00L ~_ 0.00 _ .__ 0~00 ~�,-..~....».»u _^~0.00 zor^L ,xTomuoT zwcOMm 6'00mn «,n vn n�ov 1'482�15 0.00 4,517.85 zx�/o MISCELLANEOUS INCOME 4000 4o11v nrwr^^ zmcnmn 155'0*0 oo 1/'232�00 0.00 34'042 vo m-oo 120.998.00 21�96 4000 4n31u aorovopx - ,aznu YEAR o,cow n�uo n�on n^nu n�no (1^no 0.00 0,00 4000 «°o1v m/xcaLam000x zmcomu 0.00 u�no 0,00 0.00 0,00 0.00 4000-48430 suzm/(^oss) o^Lo OF c^p ^oS^1,rpz'z26�� _____�� _____��oo � ��l _0,00 ror^� wzoco^^^moonu zwovmm �'vsr'zps�vv' o.z�z�on x�oo ' 34'042,00 n�nn 1,903'224�00 1�76 OTHER FINANCINo xonnuFS ^onn ^y1oo ,x^mvrou FROM Gomom^L rvwo 0.00 n oo 0.00 0.00 o.^n n�no o,nu oonn oo3zo a^wu noro ,nncooun 0,00 n�on o^oo 795.063,96 0,00 / 795,063.96) o^no ^von 4p5^o Lu^oo ruzmcIr^^ e^,mumzx (o 0.00 0,00 u.00 0,00 'v,ov o�oo 0.00 4000'49600 zmnupawco n000vomzuo 0^00 - ,. o'oo ' '.. ^.nuoo 0�00 o.o« «�«» . »�»» rorxL oruoa vzm^mozms Sonnnon 0.00 n�nn o�vn 95'06z�90 ulno / '795'063.96) 0.00 - ' __----------�-_--------------- _____ ------ TOTAL movomoos *'ov/'o^v.nn 239'3,4�82 0.00 1'"5,'252,05 0,00 3'834'4/3�95 z/�v' ------------ -_°_-__~=~�_ 1-03-2020 11:58 AM DETAIL LISTING PAGE: FUND 111-WYLIE .ECONOMIC DEVEL CORP PERIOD TO USE: Dec-2019 THRU Dec-2019 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 0.00 12/03/19 12/03 A59142 CHK: 10/445 19873 INK CARTRIDGES 000532 11173022A WEDC 180.57 180.57 _---�-�-.-_-_---.-:* ➢7ECEMBER ACTIVITY DB: 180.57 CR: 0,00 180.57 5611-52040 POSTAGE & FREIGHT BEGINNING BALANCE 13.05 12/20/19 12/20 A60739 OFT: 000980 20418 WEDC INVIT. PKG 000912 8277 NOV19 WYGANT 23.90 36.95 0.. DECEMBER ACTIVITY DB 23.90 CR: 0.00 23.90 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) BEGINNING BALANCE 0.00 5611-52160 TOOLS/ EQUIP - $100-$999.99 BEGINNING BALANCE 0.00 5611-52810 FOOD SUPPLIES BEGINNING BALANCE 674.42 12/20/19 12/20 A60738 DFT: 000980 20418 THANKS LUNCHEON 000912 8277 NOV19 SATTER 43.28 717.70 1.2/20/19 12/20 A60739 DFT: 000980 20418 WEDC BR.O MTG MEAL 000912 8277 NOV19 WYGANT 10.82 728.52 12/20/19 12/20 A60739 DFT: 000900 20418 WEDC BRD. MTG MEAL 000912 8277 NOV19 WYGANT 17.13 745.65 DECEMBER ACTIVITY DB: 71.23 CR: 0.00 71.23 5611-52990 OTHER BEGINNING BALANCE 0.00 5611-54630 TOOLS & EQUIPMENT BEGINNING BALANCE 0.00 5611-54810 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 0.00 1-03-2020 11:58 AM DETAIL LISTING PAGE: 2 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE Dec-2019 THRU Dec-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAM # REFERENCE PACKET- --DESCRIPTION - VEND INV/JE # NOTE AMOUNT-- --BALANCE-- 5611-54990 OTHER BEGINNING BALANCE 0.00 ----------------------------------------------------------________________________________-____-_-_—__________-______-___________ 5611-56030 INCENTIVES BEGINNING BALANCE 37,100.00 ---------------------------------------------___________________—________________________---------------------------------- 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 15,521.68 12/03/19 12/03 A59099 CHK: 107432 19870 605 COMM-WATER 000101 126054100 WEDC1 65,47 15,587.15 12/11/19 12/11 2360001 CHK: 107655 20173 TCEO-VCP-AUG-SEPT 19 001320 VCP0045981 3,565.00 19,152,15 12/11/19 12/11 A60005 CHK: 107652 20173 COMMERCE & RPM CONCRETE 001910 4279 WEDC 6,767.00 25,919.15 12/11/19 12/11 A60006 CHK: 107654 20173 JANITORIAL - DEC 19 002330 51666 WEDC 157.50 26,076.65 12/11/19 12/11 A60008 CHK: 107651 20173 HWY 78 & BROWN VCP 004991 1313 WEDC 28,834.62 54,911.27 12/11/19 12/11 A60009 CHK: 107657 20173 VCP-KIRBY 005252 B192716 6,383.57 61,294.84 12/18/19 12/18 2360511 CHK: 107766 20345 PROPERTY MGMTOC27-NV26 005262 247 WEDC OC27-NV26 1,551.74 62,846.58 DECEMBER ACTIVITY DB: 47,324.90 CR: 0.00 47,324.90 -----------------_----------------_-----__-__-__--------------------------------------------------------------_------------------ 5611-56080 ADVERTISING BEGINNING BALANCE 2,977.40 12/11/19 12/11 A60001 CHK: 107656 20173 WYLIE NEWS - VET DAY 000391 20484 75.00 3,052.40 12/11/19 12/11 A60003 CHK: 107658 20173 ADVER - CONNECTION-OCT 000468 9852 WEDC 1,500,00 4,552.40 12/18/19 12/18 A60466 CHK: 107752 20343 CHAMBER DIRECT AD 000468 10078 1,200.00 5,752.40 12/18/19 12/18 A60467 CHK: 107752 20343 CHAMBER AD 000468 10088 1,500,00 7,252.40 12/18/19 12/18 A60510 CHK: 107761 20345 WEB HOSTING NOV19-OCT20 005001 2893 WEDC 2,999.00 10,251.40 DECEMBER ACTIVITY DB: 7,274.00 CR: 0.00 7,274.00 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 14,066,22 12/11/19 12/11 A60002 CBE: 107658 20173 SPONS-CHAM LUNCH MAN 000468 10122 WEDC 2,800.00 16,866.22 12/20/19 12/20 A60738 DFT: 000980 20418 WEDC INVITATIONAL 000912 8277 NOV19 SATTER 4,587.55 21,453.77 12/20/19 12/20 A60739 DET: 000980 20418 WEDC INVITATIONAL 000912 8277 NOV19 WYGANT 32.63 21,486.40 12/30/19 12/30 A61083 CHK: 107894 20510 WEDC COST. APPREC. 000832 159 WEDC 299.85 21,786.25 --- --- .-=--,,, DECEMBER ACTIVITY DB: 7,720.03 CR: 0,00 7,720.03 ---------------------------------------------------------------------------------______________________________—_________________ 5611-56110 COMMUNICATIONS BEGINNING BALANCE 930.26 12/17/19 12/17 A60347 CHK: 107706 20314 TABLET SVC NOV2-DEC1 005055 822495799-07 WEDC 113.97 1,044.23 1-03-2020 11:58 AM DETAIL LISTING PACES 3 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE Dec-201.9 THRU Dec-2019 DEPT : 611 DEVELOPMENT CORP-WEDC. ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAM # REFERENCE PACKET DESCRIPTION- VEND INV/JE # NOTE ----AMOUNT==== _==BALANCE==== 12/18/19 12/18 A60509 C11K: 107762 20345 INTERNET-WEDC NV25-DE24 004568 2101577989 NV25-DE 237.38 1,281.61 12/20/19 12/20 A60738 OFT: 000980 20418 TELEPHONE SVC 000912 8277 NOV19 SATTER 179.77 1,461.38 12/20/19 12/20 A60739 OFT: 000980 20418 CREDIT CARD CHARGES 000912 8277 NOV19 WYGANT 68.25 1,529.63 -- DECEMBER ACTIVITY DB: 599.37 CR: 0.00 599.37 5611-56180 RENTAL BEGINNING BALANCE 7,138.00 12/11/19 12/11 A60007 CHK: 1.07650 20173 COPIER RENTAL, 003509 113072 194.00 7,332.00 12/18/19 12/18 A60477 CHIC: 107753 20343 OFC RENT DEC 19 003231. 122019 WEDC 2,250.00 9,582.00 -_-^ s,,,,,, DECEMBER ACTIVITY DB: 2,444.00 CR: 0.00 2,444,00 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 2,468.75 12/11/19 12/11 A60022 CHK: 107659 20182 MEETINGS 000317 120519 788.05 3,256.80 12/11/19 12/11. A60023 CHK: 101659 20182 MEETINGS 000317 120919 362.20 3,619.00 12/20/19 12/20 A60737 DFT: 000980 20418 BIZ NOW-GREINER 000912 8277 NOV19 GREINER 138.00 3,757,00 12/20/19 12/20 A60737 OFT: 000980 20418 WEDC INV.- TRANS 000912 8277 NOV19 GREINER 26.08 3,783.08 12/20/19 12/20 A60737 OFT: 000980 20418 TML, MEAL - 3 00091.2 8277 NOV19 GREINER 196,11 3,979.79 12/20/19 12/20 A60737 DFT: 000980 20418 TML PARKING-GREINER 000912 8277 NOV19 GREINER 8.00 3,987.79 12/20/19 12/20 A60737 DFT: 000980 20418 TML PARKING-GREINER 000912 8277 NOV19 GREINER 15.00 4,002.79 12/20/19 12/20 A60737 DFT: 000980 20418 TML-TRANSPORT-GREINE 000912 8277 NOV19 GREINER 9.32 4,012.11 12/20/19 12/20 A60737 OFT: 000980 20418 TML-TRANSPORT-GRIENE 000912 8277 NOV19 GREINER 9.87 4,021.98 12/20/19 12/20 A60737 DFT: 000980 20418 TML-HOTEL-GREINER 000912 8277 NOV19 GREINER 281.74 4,303.72 12/20/19 12/20 A60737 OFT: 000980 20418 BUS MTG-MEYERS 000912 8277 NOV19 GREINER 23.18 4,326.90 12/20/19 12/20 A60737 DFT: 000980 2041.8 PROSPECT RECRUIT 000912 8277 NOV19 GREINER 31..55 4,358.45 12/20/19 12/20 A60738 OFT: 000980 20418 KCS BUS EVENT 000912 8277 NOV19 SATTER 250.00 4,608.45 12/20/19 12/20 A60738 OFT 000980 20418 KCS VISIT - PARKING 000912 8277 NOV19 SATTER 22.73 4,631..18 12/20/19 12/20 A60739 OFT: 000980 204181TEDC: ST- WIIITEHEAD 000912 8277 NOV19 WYGANT 175.00 4,806.18 12/20/19 12/20 A60739 DFT: 000980 20418 TML CONE HOTEL-MULL 000912 8277 NOV19 WYGANT 196.38 5,002.56 12/20/19 12/20 A60739 OFT: 000980 20418 TML CONF.HOTEL-WHITE 000912 8277 NOV19 WYGANT 173.63 5,176.19 12/20/19 12/20 A60739 OFT: 000980 20418 KCS VISIT- SATTER 000912 8277 NOV19 WYGANT 565.94 5,742,13 12/23/19 12/23 A60791. CI1K: 107807 20437 HOTEL/TAXI/LUNCH/PARKING 000317 102319 TAXI/HOTEL 1.31,60 5,873.73 12/23/19 12/23 A60791. CHK: 107807 20437 TAXI 000317 102319 TAXI/HOTEL 74.66 5,948.39 12/23/19 12/23 A60791. CHK: 107807 20437 PARKING 000317 102319 TAXI/HOTEL 29.23 5,977.62 12/23/19 12/23 A60791 CHK: 107807 20437 LUNCH 000311 102319 TAXI/HOTEL 13.38 5,991.00 ===---------- DECEMBER. ACTIVITY DB: 3,522.25 CR: 0.00 3,522.25 5611-56220 PROFESSIONAL TRAINING BEGINNING BALANCE 0.00 1.-03-2020 1.1:58 AM DETAIL LISTING PAGE 4 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE; Dec-2019 THRU Dec-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET -DESCRIPTION---- ----- VEND INV/JE # NOTE --AMOUNT-- ====BALANCE- 5611-56250 DUES & SUBSCRIPTIONS BEGINNING BALANCE 7,835.00 12/11/19 12/11 A60022 CHK: 107659 20182 DUES 000317 120519 741.24 8,576.24 12/11/19 12/11. A60023 CHK. 107659 20182 DUES 000317 120919 741.24 9,317.48 17/20/19 12/20 A60739 DFT; 000980 20418 IEDC DUES- GREINER 000912 3277 NOV19 WYGANT 435.00 9,752.48 12/30/19 12/30 C67974 RCPT 01141543 29633 GINO MULLIQI REFUND 140.000R 9,612.48 DECEMBER ACTIVITY DB: 1,917.48 CR 140.00CR 1,777.48 5611.-56310 INSURANCE BEGINNING BALANCE 0.00 12/20/19 12/20 A60773 CHK: 107801 20435 Properly - WEDC 000352 5345 DEC19 964.00 964.00 12/20/19 12/20 A60773 CHK 107801 20435 E & 0 - WEDC 000352 5345 DEC19 613.65 1,577.65 12/20/19 12/20 A60773 CHK: 107801 20435 GEN LIAR - WEDC 000352 5345 DEC19 313.54 1,891.19 12/20/19 12/20 A60773 CHK 107801 20435 2% DISCOUNT - WEDC 000352 5345 DEC19 19.28CR 1,871.91 =,..,.rn,t,,* DECEMBER ACTIVITY DB: 1,891.19 CR: 19.28CR 1,871.91 5611-56510 AUDIT & LEGAL SERVICES BEGINNING BALANCE 3,000.00 12/18/19 12/18 A60501 CHK: 107754 20345 KIRBY-MULLIGAN LEGAL FEE 000023 3 9402720256M WEDC 1,278,50 4,278.50 12/30/19 12/30 A61091 CHK: 107888 20510 KIRBY ENVIRONMENTAL REV, 004947 34116 WEDC 270.00 4,548.50 a. =...- DECEMBER ACTIVITY DBE 1,548,50 CR: 0.00 1,548.50 5611-56570 ENGINEERING/ARCIIITECTURAL BEGINNING BALANCE 0.00 12/11/19 12/11 A60000 CHK: 107653 20173 ENG. SVC-FM544 ROAD 000196 1703E WEDC 2,370.50 2,370.50 _ - ---= DECEMBER ACTIVITY DB: 2,370.50 CR: 0.00 2,370.50 5611-56610 UTILITIES-ELECTRIC BEGINNING BALANCE 0.00 12/03/19 12/03 A59112 CHK; 107431 19870 OFFICE UTILITIES-ELE 003302 1171655189 WEDC1 115.78 115,78 12/03/19 12/03 A59113 CHK: 107437 19870 OFFICE UTILITIES-WTR 003302 122104001 WEDC 48.29 164.07 12/03/19 12/03 A59114 CHK; 10/437 19870 OFFICE UTILITIES-GAS 003302 3029287066 WEDC1 15.64 179.71 DECEMBER ACTIVITY DB: 179.71 CR: 0.00 179.71 1-0.1-2020 11:58 AM DETAIL LISTING PAGE: 5 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Dec-2019 THRU Dec-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET-------DESCRIPTION-------- VEND INV/JE # NOTE --==-AMOUNT=-- ------BALANCE==== 5611-57110 DEBT SERVICE BEGINNING BALANCE 0.00 5611-57410 PRINCIPAL PAYMENT BEGINNING BALANCE 29,951.43 12/13/19 12/17 B67871 Bnk Dft 121319 19511 JE32312 WB PKWY PMT #64 JE# 032312 12,776.67 42,728.10 12/20/19 12/23 867948 Bnk Dft 122019 19526 JE32342 JARRARD PROP #36 JE# 032342 2,261.88 44,989.98 12/20/19 12/30 B67969 Bnk Dft 122019 19530 JE32348 DALLAS WHIRLPOOL PMT01 JE# 032348 13,582.36 58,572.34 ---------- DECEMBER ACTIVITY DB: 28,620.91 CR: 0.00 28,620.91 5611-57415 INTEREST EXPENSE BEGINNING BALANCE 48,401.90 12/12/19 12/12 A60063 OCT: 000976 20201 ANB DRAW LN PMT 12 003207 3982 DEC 19 #12 16,097.90 66,499.80 12/13/19 12/17 867871 Bnk Dft 121319 19511 JE32312 WB PKWY PMT #64 JE# 032312 491.26 66,991.06 12/20/19 12/23 867948 Bnk Dtt 122019 19526 JE32342 JARRARD PROP #36 JE# 032342 847.27 67,838.33 12/20/19 12/30 B67969 Bnk Dft 122019 19530 JE32348 DALLAS WHIRLPOOL PMT#1 JE# 032348 6,666.67 74,505.00 DECEMBER. ACTIVITY DB: 26,1.03.10 CR: 0.00 26,103.10 5611-57710 BAD DRIFT EXPENSE BEGINNING BALANCE 0.00 5611-58110 LAND-PURCHASE PRICE BEGINNING BALANCE 862,028.63 5611-58120 DEVELOPMENT FEES BEGINNING BALANCE 0.00 5611-58150 LAND-BETTERMENTS BEGINNING BALANCE 0.00 5611-58210 STREETS & ALLEYS BEGINNING BALANCE 0.00 12/03/19 12/03 A59187 CHK: 107462 19876 KCS PERMIT FEE-544 WTRLI 000238 JLLREF19-12125 WED 9,375.00 9,375.00 12/18/19 12/18 A60503 CHK: 107759 20345 FM 544 WATERLINE ENG 000325 15862 2018161 WEDC 124.00 9,499.00 DECEMBER ACTIVITY DB: 9,499.00 CR: 0.00 9,499.00 1-03-2020 1.1:58 AM DETAIL LISTTNG PAGE: 6 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Dec-2019 THRU Dec-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INVIJE # NOTE - --AMOUNT-- --BALANCE==—= 5611-58410 SANITARY SEWER BEGINNING BALANCE 0.00 561.1-58810 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 0.00 ------------ 5611-58830 FURNITURE & FIXTURES BEGINNING BALANCE 0.00 5611-58910 BUILDINGS BEGINNING BALANCE 0.00 000 ERRORS IN THIS REPORT! a * * * * * * * * * * * * ** REPORT TOTALS ** --- DEBITS --- --- CREDITS --- BEGINNING BALANCES: 1,032,106.74 0.00 REPORTED ACTIVITY: 141,290.69 159.28CR ENDING BALANCES: 1,173,397.38 159.28CR TOTAL FUND ENDING BALANCE: 1,173,235.10 Wylie Economic Development Corporation Balance Sheet Sub Ledger December 31, 2019 Notes Payable Date of Add! Rate of Principal Purchase Payment Beginning Bal. draws Principal Interest Interest Balance December 1, 2019 6,737,638.90 ANBTX-88130976 WOODBRIDGE PKWY (#64 of 80) 8/15/14 13,267.93 225,867.69 12,776.67 491.26 2.61 213,091.02 ANBTX-88158357 DALLAS WHIRLPOOL(#1 of 120) 11/22/16 Int only-varies 2,000,000.00 13,582.36 6,666.67 4.00 1,986,417.64 JARRARD GRAYS AUTO(#36 OF 120) 12/1/16 3,109.15 225,939.40 2,261.88 847.27 4.50 223,677.52 ANBTX-88193982 ANB-BROWN&78(#12 OF 72)* 12/12/18 Int only-varies 4,298,563.49 0.00 18,097.90 5.25 4,298,563.49 December 31, 2019 $28,620.91 $26,103.10 $6,721,749.67 Wylie Economic Development Corporation Inventory Subledger December 31, 2019 Inventory-Land Date of Fur. Address Acreage Improvements Cost Basis Sub-totals Cooper McMasters 7/12/05 709 Cooper 0.48 0 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 0 Demo 200,224 Bowland/Anderson 10/9/07 Cooper Dr. 0.37 0 n/a 106,419 KCS 8/1/08 Cooper Dr. 0.41 0 n/a 60,208 Duel Products 9/7/12 704 Cooper Dr. 0.50 0 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 0 n/a 29,056 $1,312,672 Industrial Ct. Ind Ct-Hwy 78 7/06-4/16 Ind Ct-Hwy 78 1.45 0 n/a 924,486 Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 1,224,979 Regency Regency Pk. 6/4/10 25 Steel Road 0.65 0 n/a 25,171 2 ,171 Commerce Hobart Investments 11/12/13 Commerce 1.60 0 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 4.79 128,925 9,000 2,182,080 2,725,280 Downtown Heath 3/17/14 104 N. Jackson 0.17 0 Demo 220,034 Udoh 2/12/14 109 Marble 0.17 0 n/a 70,330 Peddicord 12/12/14 100 W. Oak St 0.35 155,984 4,444 486,032 City Lot 12/12/14 108/110 Jackson 0.35 0 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 0 n/a 150,964 FFA Village 1/7/18 102. N. Birmingham 0.17 35,390 910 99,804 1,217,760 Alanis White Property(Alanis) 12/12/14 Alanis 6.63 0 n/a 420,336 420,336 South Ballard Birmingham Trust 6/3/15 505-607 S. Ballard 1.12 0 n/a 409,390 Murphy 3/7/19 701 S. Ballard 0.20 115,724 1,312 172,487 Braley 7/22/19 503 S. Ballard 0.26 50,762 840 177,398 759,275 Squire Gallagher 3/14/18 Squire-lot 2-4 2.67 100,404 6,000 573,844 573,844 Brown & 78 Turner 12/5/18 504 E. Brown 1.02 84,077 1,180 308,180 Wallace 12/18/18 502 E. Brown 0.19 24,637 680 204,775 Karan 12/28/18 300 E. Brown 2.39 0 0 1,250,391 O'Donald 1/7/19 410 E. Brown 0.19 64,421 940 177,044 Weatherford 2/12/19 303 Marble 2.17 0 0 757,488 Brothers JV 2/26/19 306 &308 N. 2nd Strl 0.38 0 n/a 145,923 Pulliam 2/27/19 300 N. 2nd Street 0.26 122,764 1,364 218,472 Swayze 4/18/19 208 N. 2nd Street 0.26 73,313 1,860 187,501 Swayze 5/9/19 204 N. 2nd Street 0.26 121,781 2,033 187,658 Kreymer 10/9/19 302 N. 2nd Street 0.13 72,609 1,386 187,942 KCS 11/22/19 Hwy 78 Frontage 2.54 0 0 674,110 4,299,485 Total 36.86 $1,871,766 72,479 $12,558,802 $12,558,802 WEDC Leasehold Subledger Tenant Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Helical Concepts 1st 12/31/18 1/24/19 3/1/19 3/25/19 4/24/19 5/28/19 6/25/19 7/24/19 8/26/19 9/27/19 10/24/19 12/9/2019 12/27/2019 Wheels Unlimited 15th 1/15/19 2/18/19 3/18/19 4/12/19 5/15/19 6/17/19 7/19/19 8/26/19 9/16/19 10/18/19 11/18/19 12/19/2019 1/2/2020 Trimark Catastrophe 15th 1/2/19 2/10/19 3/4/19 3/29/19 5/7/19 6/7/19, 7/3/19 8/8/19 9/6/19, 10/7/19 11/10/19 12/2/2019 1/6/2020 Dennis Richmond 1st 12/31/18 2/11/19 3/12/19 3/19/19 5/10/19 6/7/01 7/5/19 8/5/19 9/5/19 10/11/19 11/18/19 12/19/2019 1/3/2020 Austin/Said LLC 1st 1/9/19 2/11/19 3/12/19 4/11/19 5/9/19 6/14/19 7/10/19 8/15/19 9/5/19 10/9/19 11/18/19 12/17/2019 1/16/2020 Austin/Said LLC 1st 1/9/19 2/11/19 3/12/19 4/11/19 5/9/19 6/14/19 7/10/19 8/15/19 9/5/19 10/19/19 11/18/19 12/17/2019 1/16/2020 Austin/Said LLC 1st 6/1/19 7/1/19 8/1/19 9/5/19 10/19/19 11/18/19 12/17/2019 1/16/2020 Wylie Northeast 1st 1/2/19 2/4/19,, 3/1/19 4/3/19 , 5/1/19 6/3/19 7/3/19 8/3/19 9/5/19 10/3/19 11/4/19 12/2/2019 1/3/2020 Ken Ross Inc 1st 11/9/19 12/2/2019 1/3/2020 WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report November 2019 DATE PAYEE AMOUNT PURPOSE INDIVIDUAL/GROUPS PRESENT 11/5/19 American Airlines Ctr 250.00 Business Event _ KCS, WEDC 11/14/19 Club Corp 4,587.55 WEDC Invitational Regional Brokers 11/22/19 Ballard Street Café 43.28 Employee Luncheon -Thanksgiving WEDC 11/30/19 Parking Spot 22.73 Business Travel -Pkg (to be refunded) Satterwhite 12/02/19 C racom 179.77 Telephone Service n/a TOTAL 5,083.33 WEDC Assistant Director JPMorgan Chase Expense Report November 2019 DATE VENDOR PURPOSE AMOUNT 11/6/19 Uber WEDC Invitational 26.08 11/7/19 Old Town Chop House TML- Meal (Greiner, Mulligi, Whitehead) 196.71 11/7 11/8/19 Hyatt TML- Parking -Greiner 23.00 11/7-11/8/19 Uber TML-Transportation -Greiner 19.19 11/8/19 Hampton Inn TML- Hotel-Greiner 281.74 11/12/19 Cowboy Chicken Business Meeting -2 23.18 12/3/19 Chiloso Business Meeting -2 31.56 12/4/19 Biznow Conference Registration -Greiner 138.00 Total 739.46 WEDC Senior Assistant JPMorgan Chase Expense Report November 2019 DATE VENDOR PURPOSE AMOUNT 11/8/19 USPS WEDC Invitational Shipping 23.90 11/8/19 Hyatt Lost Pines TML Conf. Hotel - Mulliqi 196.38 11/8/19 Hyatt Lost Pines TML Conf. Hotel-Whitehead 173.63 11/15/19 IEDC IEDC Membership-Greiner 435.00 11/15/19 TEDC Sales Tax Training -Whitehead _ 175.00' 11/15/19 Southwest Airlines KCS Business Meeting -Satterwhite 565.94' 11/18/19 Colonel Littleton WEDC Invitational - Intitals 32.63 11/19/19 Kroger WEDC Board Meeting Meal 10.82 11/20/19 McDonalds WEDC Board Meeting Meal 17.13y Total 1,630.43 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF JANUARY 2020 MONTH WEDC WEDC WEDC WEDC DIFF % DIFF 2017 2018 2019 2020 19 VS 20 19 VS 20 DECEMBER $197,808 $184,849 $214,867 $226,664 $11,797 5.96% JANUARY 196,347 191,896 223,750 218,520 -5,229 -2.66% FEBRUARY 276,698 275,668 307,367 MARCH 191,648 182,852 208,222 APRIL 168,844 163,485 182,500 MAY 244,816 203,707 274,299 JUNE 191,732 199,412 234,174 JULY 223,571 213,977 215,108 AUGUST 261,573 249,590 283,603 SEPTEMBER 210,974 213,426 243,048 OCTOBER 195,549 210,702 224,875 NOVEMBER 267,816 273,197 308,324 Sub-Total $2,627,376 $2,562,759 $2,920,137 $445,184 $6,567 1.50% AUDIT ADJ TOTAL $2,627,376 $2,562,759 $2,920,137 $445,184 $6,567 1.50% WEDC SALES TAX ANALYSIS $350,000 $300,000 ,._ _ ®.. ". $250,000 _ _ __ $200,000 _. 1 $150,000 :_ - ' ..m F .. $100,000 $50,000 $0 i.. -t _i i ;> , N . Z. L = a) T y N N N E 2 2 N Q - -) -) E 0 E a) m 2 Q a) t a) o a) Li - ° O 8 fn Z ylte Econo ic I evelop ent Cor I oration E 0 - A TO: WEDC Board of Directors . . FROM: Sam Satterwhite, Executive Direct SUBJECT: WB Real Estate, LLC DATE: January 16, 2020 Issue Consider and act upon review and approval of a Check Set of Construction Drawings associated with a Real Estate Contract between the WEDC and WB Real Estate, LLC. Analysis Within the WB (Whataburger) Real Estate Contract, the WEDC requires its approval of a 'Check Set of Construction Drawings' specifically pertaining to masonry construction and the type of stone being utilized. The WEDC Board required this oversight so as to ensure that a 100% masonry building was constructed being that the State of Texas recently denied cities ability to enforce masonry construction standards. Further, the WEDC wanted to ensure that WB utilized the identical stone as used with the adjacent CFA and Finnell projects. Staff has verified that the building is 100% masonry construction and the required Pro Fit Alpine Ledgestone-Chardonnay is being utilized. Staff has attached a Building Rendering, Landscape Plan, and a Site Plan for Board review. Should any Board Member desire a larger version of the documents,please contact staff. The approval of construction plans by the City is anticipated on or about January 17th. With a closing date scheduled for February 13th, the WB Director of Real Estate indicated that a closing could take place as early as January 31st. Recommendation Staff recommends that the WEDC Board of Directors approve the Check Set of Construction Drawings pertaining to the Real Estate Contract between the WEDC and WB Real Estate, LLC. ii.t J TITLE 5INDEX OF DRAWINGS ii3�i { e 1 T'-2 SYMBOLS,CODE ANALYSIS GENERAL NOTES 1 1 1 [ 1 REAL ESTATE #2014379 i LIFE SAFETY ELAN 61 BUILDING TYPE PT14M 1.4 I ' r U10 I5 CIVIL GENERAL NOTES C-2 0 I EXISTING CONDITIONS S DEMOLRION PLW L30 {CIVIL SITE DETAILS 1 500 STATE HIGHWAY 78 G3i GAO [DIMENSIONAL CONTROL PLAN ' GSO SGRADING LA pRAINAGE PLAN GS1 !EROSION CONTROi PIAN AND C£fPJIS CS Will74: 4/filliarlaili\falirli\::141)\\\41\tall CIVIL UTILITY FLAN Wn WYLIE, TX 75098 �' crvlL unu DETAIs L-]0PAVEMENPT DETAILS 90% H-10 1 PHOTOMETRIC PLAN REVIEW SET RN -,0 REEPRESERATIONPAN a. Q L-1.4 1LANOSCAPE PIAN U' = CO l-t.t iANOSCAPE OETAJLS ? O s L-2.0 IRRIGATION PLAN 77 g = r L3.1 IIRRIGATIONDETNLS LL L.E.2 IRRIGATION NOT£5 D] Q F- , F- LLI I STR`uCTLOS L f 4' Cf p OWNER/CONSULTANTS I BUILDING RENDERING GENERAL NOS ... SEA SPECWLINSPECT ONS .2 AMING MAN 4111111111111114/111/MIEW OWNER94999--- -_ *"916 51511111111111111111111.11.1411111, Sri FO st2 UNDAT ON PLED WHATABURGER ,I'.` 55.1 FOUNDATION DETAILS 300 CONCORD PLAZA DRIVE _ SAN ANTONIO,TEXAS 75216 = _ 56.2 DRONING DETAILS 210AT6-S000 VOICE 55.2 FRAMING AND FOUNDATION DETAILS _ FAX - L H999 1 55.4 FRAMNG OETAILE ARCHITECT 2912252 j 561 FRAMING OETA LADS SCHEDULES JACOBS ENGINEERING GROUP INC - _ o 571 (CANOPY PLAN ANp DETAILS •�� 911 CENTRAL PARKWAY NORTH SURE 425 iAF9 SAN ANTONIO TEXAS 75232 210 VOICE r -° 0 a #R+t'<; CTI.rRAt 210494 4525 FAX - ; - M€P ENGINEER _ y rl 6 `L� Aaa or Z :FF 4S3 I R Y JACOBS ENGINEERING GROUP INC Y _ - '' 9.11 IA "f 1000 AND FRAME Types 911 CENTRAL PARKWAY NORTH SUITE A25 - W 1G.>:Llse t 1 gir SAN ANTONIO.TEXAS 78232 r _ � At 2 1 ENLARGED RESTROOM PUN AND ELEVATONs p le A 219499,008E VOICE } REFLECi£D CEILING PLAN AND DETAILS 210.9994525 FAX ._ E N/l!g AtA '. €H;,yeA $v..s�, I ____- L125F' .,2-119 -f�5„:40 A21 1 IXTEROR EL£VADON5 �/��n�- � $ V"1 .- T; p K ter,✓tPknfWP 1 �'T:'. A2 2 2 EXIER OR ELEVATIONS JACOBS ENGINEERING GROUP INC .: ;T,s 11949 r' "NC,* --- 911 CENTRAL PARKWAY NORTH,SUITE 425 { L' 'BTU S A31 IVA.O S WW SAN ANTONIO TEXAS 78232 '222-. s A N2 U',+i'•':rs% TN' 21049400BB VOICE • _ If „, .� 1 AAA.sECT ONs 210 FAX - S- i's/ " `'l" 1 n�a3 a.aSEGT ONS "�"�0AP1�' S MIL ENGINEER e _- - :,„.`.; M.D EUA,L SECTIONS JACOBS ENGINEERING GROUP INC. AL.t x:'ETA 911 CENTRAL PARKWAY NORTH,SUITE 425 " "" Z a _ - AS2 i9` 0CS2S " :b `� SAN ANTONIO,TEXAS 70232 I A , 2104DA DONN VOICE - - - E 5.4 IA .AA�w�A,rrA- 8 ; ASS 210.494 4525 FAX ( +3 _ - t.D p : dt;.ELEVAT ONS MAN TUBE PUN AND DETAILS Y5944-21. }ANPSCAPE ARCHITECT 4 3P _ _ L OJO HPA�zr+�y„ teP1" fTh'_OGTAYW I JACOBS ENGINEERING GROUP IN0. - + _ reJ ", - �N— TITLE SHEET 911 CENTRAL PARKWAY NORTH SUITE 425 t Kyg SAN ANTONIO,TEXAS 7E232 D INDEX OF ( "°" I >� F w �*`�Hcib. DRAWINGS 2104940088 VOICE y = f49 - F ' K21 'KITCHE E EV TANS 3 21[14944525 FAx _ F f I a1 T `" ^� 1� +r M-E•, tibc + sra�. rta:+rs x� - -* Y £_ - - MPE2ippF RAN .i m EAT_ O T=.A` 5PS'YM3z+ MC3.45 M I 54619915-649962,VICINITY MAP NT.E I * . , I 1E.0Ae 0ALSFEE DFESREYEH �, 2 _ £CHANICAL SECTIONS AP ome = 1 ]ME 'MCA SCIcAL T��1 j .1 1MECHAN L HEOVLE9 fi 2. CH L`e6-CF u I } ?`eLEc7rciCA14- _ 500 STATE HIGHWAY 78 GAL ,Egp y —�.� .� e 1 5TO#10809"FRENCH VANILLA" z1 GTR wNN 1 ELECTRICAL ONE-LINE DIAGRAM AND SETA. JJ WYLIE TEXAS 75098 521 �i SITE 2,PRO FIT ALPINE LEDGESTQNE-CHARDONAY Est ELECTRICAL LIGHTING HTINCFA T.UA SCHEDULE NDLECENOSt 77 C F.E.Pi i '.z AarsOAHDV :,. _ ] Pet R..�.N+LDT 4145 ANAl Dcu. 12.4i1 jj/' - ? GENERAL NOTES: �1 C%LTARAMD' A` Lt 'lJTll.( �1�+ 1 % N I 1,REFERENCE SHEET A2,1 AND A22 FOR SPECIFIC ELEVATIONS AND MATERIAL INFORMATION AL 1 - " t '�b'�t i' 91 11 2 REFERENCE PHOTOMETRIC PLAN AND E4 1 FOR SITE LIGHT POLES AND FIXTURE INFORMATION PS t !PLUMBING SCHEDULE F tt : ' '—'.1 —4,44- '4!- -.4 7 4t,0 0440 ?-4S;11'11 11,c1:11' — --... — — I co* ",,,- :P. ; If fil'lit- itrAti-,r " ' r, ,-.,“1. tt1 : 1 -,, it 9„7,,,,t 31 ,a IN tt ?!.' , tk, 4 I"' '''"----,, ,,,',>,.' t.. --- ',,,,, ! I ''' m il 1 4 "^,: ...1 41 -7,_ , ) \ : kf 7__>,______„_„otTol 1 g-tm AD mZ 99 1 cs 'S{, b 0, -1 -p1 41 ,>, a o is mmDr- 1l 1 :.1 1: 1 p C7 ', 3 2 �� '" — r:' boIli'i t y A=SoA �f,n C Y' A :ii 5n y 2 mry llr��. t 8 4'.mp g s'S R ;�} '""��iC H.4may isTy w ,9 Y� %z POCpm", 1 n yJ-.E 8 lJ U 61 U g n iT mz "z Lo Fit PO ' mo�8,,,� der `g0 E.1 E' 1 L ti 1a 18 g, b' am,Tarn ~p min �zpt OY p mA E g p �� r ��3_yyy m �$ � gg 3 Pi p Iq! oi z ti I $1 fs 3 z' '' 5 y.m_o y Agm Na T I' m z"�' as G+a ,1 'O i m* [11p �g tiN " Z b D 3 $ ': 1 I m i 1�',1 m y E b z $o 0 r : 1�1 m : : : : 1 9 !, O O & oA O offim HI OO -x o.. m ro r a o p T, a o pp4 p` po V; b a O m 0 b� m 0FA GT1 O pTig OA�nn : : : : ! • bbroz'diit, a i i 11 + # o i z 1 1 3 .11 if ' if- TV a ,x , 1 I 1 1 1 I ;. 1 l. is rl t if101v II gig aF 1n Lai IL• sfa i I V $ % € $70 M tf,�E� PT14M BUILDING TYPE .... �,.. ism O z D & st 6 5iZ s@ 500 STATE HIGHWAY 7#3 .. ..�j : «a,. s ,„ m $ sg t ` a WYLIE,TEXAS 75098 06 ,. . r, 0 v aM 6L AVMH0JW 31b`1S 0: !FLi he jIj 4 . 1 ya '*'II ��ggtp. Nf: pV "3 q' d a 'x i k i g. g 'Rg "- 1 % l''''''er 1 gF7 Y'l71,1 Ill ig ii, 1 r 1 14t `'k OtAii g C I 1, 1 , p L &y1 g 3 c 1 r c a f j, ` r; U zc(Qa�?C�4>(,--)C70 006C=> 8 f`("gf)8,© <; 0®©0(4 0.)%888C:8® dMk 1 as - 1 M r C t a''''' ''''' rti.',A '4') 4,'"“" .0, ' 47a 1 i: ; ,',,- ,n-,. '',' y IF 4 I 1 1 W 0()80SO 8 0 0 CGm4d'vi 4W*'� M.w.Smwt+aii -_- _ •'• - d%.Y+'h�Uuup'm.b,.,1,4T 94 11No nearowo.;N'n ,Ib'P* ,u.,,,,,'pFPROrros-wYlm&F 0.1A.rMn...... and.11011011.111110 ylie cono ic I evelop ent Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Sam Satterwhite, Director SUBJECT: Savannah Woodbridge Development, LLC DATE: January 22, 2020 Issue Consider and act upon a Performance Agreement between the WEDC and Savannah Woodbridge Development, LLC. Analysis As the Board will recall from discussions within Executive Session, WEDC staff presented Project 2019-11e in November of 2019. Savannah requested assistance from the WEDC specifically related to fee waiver & infrastructure assistance as related to the construction of a new 9,000 square foot medical office building with a significant imaging component fronting Woodbridge Parkway near B&B Theatre, more specifically 801 Woodbridge Parkway in Wylie, Texas. Savanah plans to invest no less than $4 million in the project with completion anticipated no later than August 1, 2021. The following Agreement outlines a $90,000 incentive, payable over a two-year period. The Performance Measures and Incentive Payments are identified as follows: Incentive No. 1 ..............................................., $45,000 A Proof of Building Permit for the Facility from the City of Wylie no later than August 1, 2020; and Evidence of 100% masonry construction; and A Proof of payment of fees as evidenced by Permit Fee Receipt from the City of Wylie; and A Proof of Certificate of Occupancy for a 9,000-square foot medical office building from the City of Wylie by August 1, 2021; and A Documentation provided evidencing a minimum 5-year lease(s) with Texas Health Resources and/or its affiliates; and Proof of minimum project cost of$4,000,000; and A Ad valorem property taxes current. WEDC—Savannah Woodbridge January 22, 2020 Page 2 of 2 Incentive No. 2 $45,000 A Ongoing operations of Tenant Health Resources and/or its affiliates; and A Ad valorem property taxes current. Should Savannah Woodbridge fail to meet the Performance Measures for Incentive No. 1, the entire Performance Agreement is voided in advance. Further, no partial incentive payments will be provided. It is projected that Savannah Woodbridge will have a real property valuation of$2.25 mm and personal property of$1.5 million which will generate approximately $38,219 in property taxes per year to the City and WISD. In addition, Savannah will generate no less than $80,000 in development fees. Staff Recommendation Staff recommends that the WEDC Board of Directors approve a Performance Agreement between WEDC and Savannah Woodbridge Development, LLC providing for a maximum incentive of $90,000 and further authorizing the WEDC Executive Director to execute said Agreement subject to Wylie City Council approval. Attachments Performance Agreement Site Plan PERFO ' ANCE AGREEMENT Between WYLIE ECONOMIC DEVELOPMENT CORPO' • TION and Savannah Woodbridge Development, 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 Savannah Woodbridge Development, LLC, a Texas limited liability company (the "Company"). RECITALS WHEREAS, the Company is desirous of making real and personal property improvements in the form of a 9,000 square foot medical office building (the "Project"). The project will have an estimated project cost of Four Million Dollars ($4,000,000) and will be located at 801 Woodbridge Parkway 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 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, Company intends to secure a multi-year lease(s) with Texas Health Resources (the "Tenant"), and or its affiliates, to occupy the Facility as a medical office with an Imaging Center emphasis; and WHEREAS, the WEDC has estimated that $80,000 will be assessed by the City 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. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed Ninety Thousand Dollars ($90,000.00) (the "Economic Development Incentives"). The Economic Incentives will Page 1 of 5 W:\Board\2020\1-24-20\Wynmark-Performance Agreement.doc be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on April 1, 2022. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Payment Schedule: Expected Project WEDC Total WEDC Eligibility Year Incentive Cost Incentive Incentive Expiration 2021 No. 1 $4,000,000 $45,000 $45,000 8-1-2021 2022 No. 2 N/A $45,000 $90,000 8-1-2022 II. Performance Requirements for Economic Development Incentive. a. Incentive No. 1: An Economic Development Incentive, for the benefit of the Company, of Forty-Five Thousand Dollars ($45,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1: 1) Company shall obtain a building permit for the Facility from the City of Wylie no later than August 1, 2020; and 2) Company shall seek written WEDC staff approval and confirmation of exterior building materials being of 100% masonry construction, more specifically but not limited to a combination of brick and stone, and consistent with similar commercial construction in the area, with said approval not to be reasonably withheld; and 3) Provision of a 'Permit Fee Receipt' paid in full from the City of Wylie for development fees, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) The Facility shall be completed (as evidenced by a permanent Certificate of Occupancy) no later than August 1, 2021 (the "CO Deadline") for a nine thousand (9,000) square foot medical office building issued by the City of Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and 5) Receipt of documentation by WEDC supporting a minimum project cost of Four Million Dollars ($4,000,000) as evidenced generally by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and Page 2 of 5 W\Board\2020\1-24-20\Wynmark-Performance Agreement doc 6) Company shall provide documentation to WEDC evidencing a minimum five (5) year lease(s) between Company and the Tenant, and or its affiliates, which will occupy the Facility as a medical office with an associated Imaging Center; and 7) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31st 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 8) Eligibility expiration for the Company to qualify for this Incentive No. 1 is August 1, 2021. b. Incentive No. 2: An Economic Development Incentive of Forty-Five Thousand Dollars ($45,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 2: 1) 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 2) Company shall supply documentation to WEDC that the Tenant has continuously occupied the Facility through the one (1) year anniversary of the CO issuance; and 3) Eligibility expiration for the Company to qualify for this Incentive No. 2 is August 1, 2022. III, WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement, the WEDC shall pay the Incentives within approximately fifteen (15) 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, Incentive No. 2 will be paid not sooner than 12 months following payment of the 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) (1) and II (a) (2), 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 Page 3 of 5 W\Board\2020\1-24-20\Wynmark-Performance Agreement doc 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 August 1, 2022. 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. 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. Page 4 of 5 WABoard\2020\I-24-20\Wynmark-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 COMPANY: Savannah Woodbridge Development, LLC 15660 North Dallas Parkway, Suite 110 Dallas, TX 75248 Attention: Timothy Baumann 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 February 2020. WEDC: Wylie Economic Development Corporation By: Samuel D.R. Satterwhite, Executive Director COMPANY: Savannah Woodbridge Development,LLC By: Timothy Bauman, Manager Page 5 of 5 W:\Board\2020\1-24-20\Wyrunark-Performance Agreement.doc Cta,. a^4iJT 71 9 4W ♦{ys FM 9.Atv \4o'R,#:tkSU`$YW-,rx savuwul ru\cnw\suns\sr—i srz ww oYc 4F#t$h5tio: n2 tom a is IV .I€ , Er , I g S .E , II I I °@ 1 II I I r I` I a;� / j i I I 1; i / F ,a I F , ,'1 , f ,, 'L I\ i ''y it ,, 5, i .,4`� --0. \i I *t t@@' E _ grog _ ', .. I a ^� 1 II E y , PE 16e ;ahf= 'a it / % }.... rv� 6 a \� If n < 1 k p a I 4 BII 1,II► " ` �� '' '� r p i !e N , I / t —„ s 1;. �€. t .. a " .. . II ... .. "fit I a "`n '00.`ry^ y' Y 1 ti. — __gi, 1 Pt 11 $ § -TJL .1 A • ca'srar . ;I _ m tit 111 gP sggg A I :a 9 Ng) ImE O h 64 A i g, _ 9� 8 o F z f A 2 cn WI SITE PLAN oAVANNAHWOODBRI c WYLIE € a CLAYM . . a - OR ' b - 1 ,TEXAS 0 fli ENGINEERING A. __ WA' - � . . • ylie cono ic I evelo • ent Cor • oration E ORA DU TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Director SUBJECT: Avanti Windows & Doors, LLC P rirSrmance Agreement DATE: January 16, 2020 Issue Consider and act upon issues surrounding a Performance Agreement between WEDC and Avanti Windows & Doors, LLC. Analysis As the Board will recall, WEDC staff has been working on Project 2019-5b since early 2019. Avanti requested assistance from the WEDC specifically related to the equipment expansion,new job creation, and infrastructure assistance at their facility on Hensley Lane. Avanti plans to invest over $5 million and employ more than 100 full-time employees between their manufacturing and installation entities. The following Agreement outlines a$120,000 incentive,payable over a three- year period. In accordance with Resolution No. 2019-17(R), WEDC staff will take this project back to Wylie City Council to request authorization to formalize negotiations with Avanti Windows & Doors, LLC and enter into a Performance Agreement with the same. The proposed Performance Measures and Incentive Payments are identified as follows: Incentive No. 1 $30,000 A Proof of Certificate of Occupancy by July 1, 2020; and A Proof of investment no less than$5 MM by CO; and A Proof that company has maintained at least 42 full-time employees by CO; and A 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. Incentive No. 2 $30,000 A Proof of ongoing operations of Avanti Windows & Doors through the one-year anniversary of CO; and A Proof that company has created, staffed and maintained at least 70 full-time employees by CO; and WEDC—Avanti Windows & Doors January 16, 2020 Page 2 of 2 A 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. Incentive No. 3 ., $30,000 A Proof of ongoing operations of Avanti Windows & Doors through the two-year anniversary of CO; and A Proof that company has created, staffed and maintained at least 90 full-time employees by CO; and A 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. Incentive No. 4 $30,000 A Proof of ongoing operations of Avanti Windows & Doors through the three-year anniversary of CO; and A Proof that company has created, staffed and maintained at least 110 full-time employees by CO; and A 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. Should Avanti Windows & Doors, LLC fail to meet the Performance Measures for Incentive No. 1,the entire Performance Agreement is voided in advance. Further, no partial incentive payments will be provided. Recommendation Staff recommends that the WEDC Board of Directors approve a Performance Agreement between the WEDC and Avanti Windows&Doors, LLC. Providing for a maximum incentive of$120,000 and further authorize the Executive Director to execute said Agreement, subject to Council approval. Attachments Performance Agreement PERFO' ANCE AGREEMENT Between Wylie Economic Development Corporation And Avanti Windows & Doors, LLC This Performance Agreement(the "Agreement") is made and entered into by and between the Wylie Economic Development Corporation ("WEDC"), a Texas corporation organized and existing under Chapter 501 of the Texas Local Government Code, known as the Development Corporation Act, as amended from time to time (the "Act") and Avanti Windows & Doors,LLC and affiliate Avanti Install Texas, LLC, a Texas limited liability company ("Company"). RECITALS WHEREAS, Company owns a facility located within the corporate limits of the City of Wylie,Texas(the"City"),located at 933 Hensley Lane,in the City of Wylie,Collin County,Texas, (the "Property"); WHEREAS, Company intends to add more than Five Million Dollars ($5,000,000) in taxable personal property and employ more than 100 full-time employees at the Property; WHEREAS, Company has requested financial and/or economic assistance to offset the cost of purchasing and installing new equipment and hiring additional employees for the business operated at the Property; 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; and WHEREAS, the WEDC is willing to provide the Company with economic assistance hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement. NOW, THEREFORE, for and in consideration of the above recitals and the terms, conditions and requirements hereinafter set forth,the parties hereto agree as follows: 1. Economic Assistance. Subject to the terms of this Agreement and provided Company is not in default, the WEDC will provide Company economic assistance in the form of performance incentives (the "Incentives") upon completion of the Performance Criteria set forth below. The total amount of economic assistance and/or incentives to be paid to the Company, including the Reimbursement Incentives, shall not exceed the cumulative sum of One Hundred Twenty Thousand Dollars ($120,000.00). 2. Performance Obligations. The WEDC's obligation to pay Company the Incentives stipulated above is expressly contingent upon Company completing the following items (the "Performance Criteria")by the due dates set forth below: PERFORMANCE AGREEMENT—Page 1 AVANT! A. Incentive One. A maximum Incentive of Thirty Thousand Dollars ($30,000.00) will be paid to the Company upon completion of the following Performance Criteria for Incentive One: i. Company shall supply a Certificate of Occupancy or approved final building inspection no later than July 1,2020(the"CO Deadline")and the issuance date of CO will become the "CO Anniversary Date"); ii. Company shall supply documentation of the $5,000,000.00 investment to the WEDC that the Company has purchased, ordered and installed new equipment at the Facility on or before the CO Deadline; and iii. Company shall supply documentation to the WEDC that the Company has maintained employment of at least forty-two(42)full time employees at the Facility on or before the CO Deadline; and iv. 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. B. Incentive Two. A maximum Incentive of Thirty Thousand Dollars ($30,000.00) will be paid to the Company upon completion of the following Performance Criteria for Incentive Two: i. Company shall supply documentation to WEDC that the Company has continuously occupied the Facility one(1)year from the CO Anniversary Date; ii. Company shall supply documentation to the WEDC that the Company has staffed, created and/or maintained employment of at least seventy (70) full time employees at the Facility through the one (1)year anniversary of the CO Anniversary Date; and iii. 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. C. Incentive Three. A maximum Incentive of Thirty Thousand Dollars ($30,000.00) will be paid to the Company upon completion of the following Performance Criteria for Incentive Three: i. Company shall supply documentation to WEDC that the Company has continuously occupied the Facility two (2) years from the CO Anniversary Date; ii. Company shall supply documentation to the WEDC that the Company has maintained employment of at least ninety (90) full time employees PERFORMANCE AGREEMENT—Page 2 AVANTI at the Facility through the two (2) year anniversary of the CO Anniversary Date; and iii. 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. D. Incentive Four. A maximum Incentive of Thirty Thousand Dollars ($30,000.00) will be paid to the Company upon completion of the following Performance Criteria for Incentive Four: i. Company shall supply documentation to WEDC that the Company has continuously occupied the Facility three (3) years from the CO Anniversary Date; ii. Company shall supply documentation to the WEDC that the Company has staffed, created and/or maintained employment of at least one hundred ten (110) full time employees at the Facility through the three (3) year anniversary of the CO Anniversary Date; and iii. 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. 3. WEDC Payment of Incentives. Subject to the terms and conditions of this Agreement, the Incentives shall be paid by WEDC to the Company within thirty (30) days after the applicable deadline for achievement of the Performance Criteria for such Incentives. 4. Default. The WEDC's obligation to pay any portion of the Incentives to Company will terminate or be reduced if Company defaults by not completing the Performance Criteria applicable to such Incentives as set forth in Section 2 of this Agreement. In the event Company fails to meet any of the Performance Criteria for Incentive One in Section 2 of this Agreement,the Incentives shall not be paid to the Company and WEDC shall have the right,but not the obligation, in WEDC's sole discretion, to terminate this Agreement. 5. Termination of Agreement. This Agreement may be terminated by mutual written consent of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in this Agreement, or as otherwise provided in this Agreement. 6. Economic Assistance Termination. Notwithstanding the terms of this Agreement, to the extent this Agreement is not earlier terminated, the WEDC's obligation to pay a portion or all of the Incentives to Company will expire upon the earlier of(i)the full payment of the Incentives, or (ii) July 1, 2023. PERFO' • CE AGREEMENT Page 3 AVANT! 7. Miscellaneous. a. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of the Act,which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with the Act, the Act shall prevail. b. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. c. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns. This Agreement shall not be assignable by Company without the prior written consent of the WEDC, which consent will be at the sole and absolute discretion of the WEDC. d. Any notice required or permitted to be given under this Agreement shall be deemed delivered by hand delivery or 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 party hereto might specify in writing: WEDC: Mr. Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, TX 75098 COMPANY: Avanti Windows & Doors, LLC. 933 Hensley Lane Wylie, Texas 75098 Attn: Tim Gilchrist e. 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 the parties hereto. f. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. g. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid,illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision thereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. PERFORMANCE AGREEMENT—Page 4 AVANT! h. Each signatory represents this Agreement has been read by the party for which this Agreement is executed and that such party has had an opportunity to confer with its counsel. i. Time is of the essence in this Agreement. j. The parties agree this Agreement has been drafted jointly by the parties and their legal representatives. 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. [SIGNATURE PAGE FOLLOWS] PERFO' • CE AGREEMENT—Page 5 AVANT! WEDC Board approved this day of February 2020,the Effective Date. DC: WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas Corporation By: Sam Satterwhite,Executive Director COMPANY: Avanti Windows& Doors, LLC, a Texas limited liability company By: Name: Title: PERFO' CE AGREEMENT—Page 6 AVANT! ylie cono ic I evelop ent Corporation E ORANDU To: WEDC Board of Directors From: Samuel Satterwhite, Executive Direc Subject: 2019 Annual Report Date: January 21, 2020 Issue Consider and act upon issues surrounding the WEDC 2019 Annual Report. Analysis As per the WEDC By-laws, the WEDC must present an annual report to the Wylie City Council no later than January 31' of each year. The report must include, but is not limited to, a review of all expenditures made by the Board, a review of accomplishments, and a review of other than direct economic development. Staff believes the attached Report meets the intent of the requirements of the By-laws with the same being presented to the Wylie City Council on January 28, 2020. Recommendation Staff recommends that the WEDC Board of Directors approve the 2019 WEDC Annual Report and present the same to the Wylie City Council for their review. Attachment 2019 Annual Report Wylie Economic Development Corporation 2019 Annual Report January 24, 2020 Financial Condition The Wylie Economic Development Corporation (WEDC) places a priority on financial reporting each year. The WEDC Bylaws require that each year no later than January 31, a review of all expenditures, accomplishments, and expenditures other than direct economic development be presented to Council. At the end of each fiscal year, the WEDC undergoes an annual audit of its financial practices and transactions by a third-party firm chosen by the Wylie City Council and facilitated by the City of Wylie Finance Department. While the FY 2018-2019 audit has not been made public and Presented to Council, the WEDC has not been notified of any discrepancies or irregularities. To ensure a greater opportunity for a 'clean' audit, WEDC staff works closely with the City of Wylie Finance Department throughout the year so that there is a complete understanding of all WEDC activities by Finance staff and the same can be more accurately documented and communicated to the auditors. The WEDC began the fiscal year with a fund balance of$1,426,606. In FY 2018-2019 sales tax receipts were up 14% over 2018 receipts with sales tax revenue totaling $2,920,137 of available WEDC revenue. Other revenues included rental income of $120,436, sale of a WEDC-owned property for $89,500, and loan proceeds of$3,503,500. Total FY 2018-2019 available operating funds (including loan proceeds)totaled $6,640,604. Expenditures for WEDC operations were as follows: Personnel - $436,083, Administrative costs - $208,744, Marketing & Promotion activities - $146,202, Debt Service - $1,076,956, Land Acquisition- $3,959,210, Direct Business Incentives - $540,874, and $522,593 in Other expenses which included: environmental remediation, demolition of Hillcrest Nursing Home,an abandoned muffler shop at Marble & 78, as well as a residential structure located at 102 N. Birmingham. Included in the above Debt Service was the retirement of two loans and early payoff of a third loan in the amount of$459,339 with sales proceeds from the Finnell transaction. Total expenditures for FY 2018-2019 were $7,231,239. As shown above, in FY 2018-2019 the WEDC had$540,874 in direct incentive payments. Within the figure, $296,753 was paid as part of ongoing sales tax reimbursement programs, $139,472 for industrial projects,and$104,650 for office/medical/general commercial. The WEDC also forgave a loan payment of$70,000 pertaining to the Exco land purchase. Of the incentive payments made, $381,294 represented either a one-time commitment or the final payment on a multi-year agreement. As of December 31, 2019, the WEDC owns and manages 36.86 acres of land with 72,479 square feet of improvements at a cost basis of$12,558,802. In evaluating land which may be acquired, the WEDC Board of Directors assesses the sites' potential for business park development,the need for a site to be redeveloped based upon the current state of aging improvements, and/or a strategic intervention to protect the property from development which may not reflect the highest and best 2 uses for an identified area. Total outstanding loans for land acquisition are $6,721,750. While encouraged by our lender, but more of a debt management principal of the Board, as land is sold a majority of the proceeds are used to reduce outstanding principal. Reflective of that practice, a principal reduction payment of$459,339 was made in FY 2018-2019. The current FY 2019-2020 Budget identifies $914,000 in debt service, and an additional $1.35 mm in principal reduction payments tied to the potential sale of WEDC-owned property. The FY 2019-2020 WEDC Budget identifies $5.18 mm in total revenues & expenditures. Sales tax receipts, being the primary revenue source, are budgeted at $2.9 mm, sale of WEDC property at$1.4 mm,and rental income of$155,040. Of the total expenses, Debt Service equals $2.27 mm, Personnel$440,285,and Incentives$551,291. Within the Incentives budget there are nine ongoing projects. Future incentive programs not contemplated within the Budget and previously approved by Council, will be funded from unallocated revenues equaling $793,853. As an ongoing performance indicator, staff tracks all commercial values as a percentage of the total assessed valuation (less value attributed to tax-exempt properties). In 2019 commercial properties were valued at $823 mm, or 16.7% of the total $4.93 billion assessed valuation. Over the past five years,commercial values have increased by $252 mm(44.2%)with new construction accounting for $108 mm of the total. Over the same period, total valuation has increased by $2.1 billion or a 73%increase. With an active housing market combined with higher valued new homes, it will continue to be a challenge for commercial value to reach in excess of 20% of the total with the highest ratio over the past 10 years being 20.42% in 2013. However, there was slight gain in commercial values as a percent of the total valuation in 2019, being the first such gain since 2013. High-Impact Initiatives Woodbridge Crossing The WEDC & City of Wylie finalized a sales tax reimbursement program to Inventrust(owner of Target-anchored Center) in FY 2018-2019. In FY 2018-2019, the WEDC reimbursed $204,229 to Inventrust with the City reimbursing $408,458 with total taxable sales in the Center over the same period of$79 mm. Over the life of the Performance Agreement, $5.2 mm in ad valorem taxes have been paid to the City of Wylie with a current valuation of $79 mm which is a 7% increase over 2018. Sales taxes generated over the life of the agreement, less those reimbursed to the developer, equal $5.7 mm. In 2019 Inventrust constructed 24,000 square feet of inline space between Kohl's and Dollar Tree. The new tenants include Ulta, Sketchers, Bath & Body Works with 8,348 remaining spec space. Also added was a 5,400 square foot building adjacent to McAlister's occupied by MOD Pizza and Great American Cookie Company. 3 Woodbridge ParkwayCorridor In 2014,the WEDC partnered with the City of Wylie and the City of Sachse to extend Woodbridge Parkway from Hensley Lane and provide direct access to State Highway 78. Of the $976,000 borrowed for the WEDC commitment, there remains a principal balance of$213,091. The WEDC continues to fund a Sales Tax Reimbursement Agreement with Clark Street Development (owner/developer of Woodbridge Centre). In FY 2018-2019 $121,535 was reimbursed to Clark Street with a total of$559,732 paid since July 2013. The center is currently generating $23.8 mm in taxable sales on an annual basis. In 2018, this shopping center welcomed BurgerlM, a high-end, gourmet burger establishment, occupying the last remaining endcap with 100% of the in-line spaced leased. B&B Theatres,who's sales tax reimbursement program ended in January 2019,underwent a major renovation in 2019 converting all seating to heated reclining seats. This move signals a continuing commitment to investing in the Wylie market. Sanden & F.M 544 On September 10, 2019 the Holiday Inn Express & Suites opened to the public. The 98-room, 60,000 square foot project had an estimated construction cost of$9.2 mm and a partial appraised value of$4 mm. With two months of occupancy tax received, Holiday Inn sales are consistent with La Quinta with no significant change in receipts from Best Western. During FY 2018-2019, hotel occupancy taxes for the 2 hotels, LaQuinta and Best Western,rose 63%over FY 2017-2018. The WEDC began work in this corridor in 2011 with a Performance Agreement to provide median improvements and remove overhead utilities to benefit the development of Wylie Medical Plaza. At 60,000 square feet, Wylie Medical is currently 80% leased with an appraised value of$12.4 mm. State Highway 78 at Cooper Drive In the fall of 2019, the second pad site within this WEDC-developed project opened with a Schlotzsky's Austin Eatery, Fish-n-Tails Seafood restaurant, a dentist office, and hair salon. The last remaining 1.4-acre lot is under contract to Whataburger and expected to close in February of 2020. It is anticipated that the construction of the Whataburger restaurant will move quickly and should open to the public by the end of Summer 2020. This will finalize the development of this area. In review, the WEDC redeveloped this property over an eleven-year period as part of a strategic plan to repurpose an industrial park developed in the early 1970's. The WEDC completed $525,000 in site work to support the 5-acre development consisting of two deceleration lanes, median improvements, a mutual access drive, and utility improvements. In 2017 a Certificate of 4 Completion was received from the TCEQ through the Voluntary Cleanup Program for impacted soils identified in the development process. Total expenses to date for the project are $5.5 mm with revenue generated/anticipated of$4.6 mm including the Whataburger sale. 544 Gateway Project In 2016 the WEDC and City began the process of assembling approximately 13 acres for redevelopment. Fronting 544 just west of Highway 78,the City has a 5-acre tract acquired through a tax foreclosure which previously had Superfund status. The remaining 8 acres was acquired by the WEDC from 2 property owners with frontage on 544 and Commerce Street. A brief history of the 13-acre site provides the following tasks: receipt of a Ready for Reuse Certificate from EPA, removal of ±2 acres from flood plain, creation of a Municipal Setting Designation, receipt of two Certificates of Completion via the Voluntary Cleanup Program from the TCEQ,demolition of dilapidated structures,relocation/expansion of previously existing tenant to Regency Business Park, and development of grading plan and completion of significant fill and site work. In partnership with the City of Wylie, the WEDC has expended $1.3 mm on land acquisition, interest, remediation, demolition, dirt work, maintenance, etc. with the WEDC carrying a current principal balance of$2 mm in debt associated with the acquisition of the WEDC-owned 8 acres. Additionally, the WEDC has budgeted $150,000 to extend water from the east along F.M. 544 which not only enhances service to the 13-acre tract but loops the water system to the east along Cooper Drive to Highway 78. The water extension should be complete by mid-April 2020. In December 2019, a contract was entered into between the City of Wylie and Mulligan Foods for the sale of a±1.6-acre tract on the 'City side'. Mulligan is proposing the development of a 10,000 square foot multi-tenant project with a regional restaurant anchor in place. Upon closing,the City will satisfy unpaid taxes related to the previous foreclosure of Chemical Recycling, Inc.,begin the process of extending utilities internally within the site, and reimburse the WEDC a portion of the previously incurred development costs ($240,155 to date). Jackson Street The WEDC continues to market its 1-acre property at the northeast corner of Jackson & Oak for an office development. While there has been little interest in a mixed-use vision originally proposed and contemplated,the WEDC has recently made progress on the concept. The WEDC closed on a 0.26-acre tract near the northwest corner of Jackson & Oak in August of 2017. The WEDC had negotiated with the property owner for over 2 years to acquire the lot. Prior to closing,the 1940's family homestead, which was beyond repair, was demolished. In February 2019 the WEDC sold the lot to Rocking M, LLC to develop a 3,200 square foot office building on the lot with the project receiving a Certificate of Occupancy in January 2020. The 5 WEDC Board believes the office project will promote further investment in the downtown area and greatly complement the redevelopment of multiple residential structures into commercial uses. Additionally, the WEDC owns 2, 0.17 acre lots on Birmingham. One lot is vacant and the other contains an office/warehouse which is leased to a local small business. The WEDC is currently negotiating with a local developer for±4,000 square feet of new office construction and anticipates the remaining lot/warehouse will be re-developed into office product in the near future further expanding the downtown area footprint. To enhance future development in the downtown area, the WEDC invested in additional parking and alleyway improvements along North Ballard and Jackson Streets. These investments totaled $280,000 for alleyways extending along Jackson between Oak & Marble and North Ballard between Jefferson& Brown. To complement the ever-growing need for parking, the WEDC has made it a priority to identify and construct additional parking in the downtown area within walking distance of the proposed mixed-use project and Ballard Street shopping district. The FY 2019-2020 Budget earmarks $150,000 for this use with the WEDC currently negotiating with a local property owner. State Highway 78 & Brown In December 2018, City Council authorized the WEDC to enter into a loan agreement in the amount of$4.5 mm for the acquisition of property in this area. Throughout 2019, the WEDC continued to acquire property in this area will complete all purchases in early 2020. A major waterline will need relocation to prepare for redevelopment. In cooperation with NTMWD, the WEDC will begin relocation of the line in 2020 earmarking $750,000 over FY 2019-2020 and FY 2020-2021 to complete the task. Of the sixteen different properties identified in the redevelopment area, the WEDC has acquired thirteen parcels with three of the remaining tracts under contract. State Highway 78& Westgate After 20 plus years of marketing 16 acres located near the intersection of F.M. 544 and Westgate, a $32 mm mixed-use project is well underway and nearing completion. The property was a distressed site impacted by polypropylene and plastic shavings generated from a copper recycling business operating nearby in Wylie. To facilitate the project, the City and WEDC entered into a public-private partnership with the developer outlining fee waivers and financial assistance. Remediation and site costs were estimated at $816,000. Phase I of the project will consist of 286 multi-family units,2,300 sf of general retail,and 3,200 sf of restaurant space. Due to extraordinary rainfall during the initial phases of construction, on September 24, 2019 the Wylie City Council approved a First Amendment to the 380 Agreement extending the deadline for completion of Phase I to November 1, 2020. The WEDC Board of Directors approved an identical extension to its Performance Agreement with the developer. The first phase of leasing began under a temporary CO issued by the City of Wylie and residents began moving in January 1, 2020. 6 Commercial & Industrial Expansions/Relocations Early in 2019, Cardinal Strategies approached the WEDC about relocation of their corporate headquarters to Regency Business Park in Wylie. Cardinal Strategies requested assistance from the WEDC specifically related to the relocation of the company, new job creation, infrastructure assistance and construction of a new office building in Regency Business Park. Cardinal plans to invest nearly $1.8 million and create up to 66 high quality full-time jobs between their construction, engineering, and environmental divisions. The WEDC and Council approved incentives for qualified infrastructure associated with this project in the amount of$106,800 over a 3-year period and the creation of 66 full-time jobs. This facility is scheduled to be operational by December 31, 2020. With acquisition of property for business park development a continuing objective,the WEDC has experienced great success in attracting investment and primary jobs via the development of business parks. Between the development of Premier Business Park, 544 Industrial Park, and Premier Business Park South, the WEDC facilitated the development of 862,000 square feet of new construction, over 800 new/retained jobs, and currently $97,677,000 in taxable value - on only 70 acres. Business Retention and Expansion As the City of Wylie continues to grow and attract new businesses,the focus on serving the needs of existing business to enhance their success in our community has become a key focus. In 2019 the WEDC worked with SAF Holland to address a workforce skills shortage. Working with the WISD and Collin College, a Customized Welding Program was developed and within weeks 20 new and existing employees participated in the program, became certified welders, and allowed SAF Holland to staff a third shift in order to fill their product demand. The program was a tremendous success and was a good example of cross-functional cooperation for the benefit of the community. In 2018 Wylie hosted the first Manufacturing Day event in the City's history. In 2019,the WEDC brought together the City of Wylie, Wylie ISD, Wylie Chamber of Commerce, Collin College, Workforce Solutions and many local businesses to take this program from a one-day event to a month-long schedule of activities for WISD Career and Technical Education(CTE) students. The first City of Wylie Manufacturing Day Proclamation was issued and was supported by a State of Texas Proclamation. Community participation grew from 2 tours of 5 businesses in 2018 to 14 facility visits by over 200 students. The scope of the event grew to include automotive, culinary arts,woodworking,technology applications,and engineering. The first Manufacturing/Workforce Luncheon was hosted at Savage Precision Fabrication—a home-grown business that grew from an entrepreneur's garage to become a major defense contractor and primary employer in Wylie. JoAnn Gardner was honored for her entrepreneurship and business acumen at this event. Based on the success of the event and feedback from the business community,the WEDC anticipates this program will grow both in participation and business sectors in 2020. 7 Other Business Retention programs included hiring events such as the annual Red,White and Blue event featuring Veterans and the specialized skills they bring to businesses. Resulting from the above efforts in 2019,the Wylie EDC was awarded the Economic Development Partner of the Year by the North Central Texas Council of Governments Workforce Solutions Division to be presented at a regional event on January 29th 2020 Goals & Objectives While WEDC activities are often reactive -proactive efforts in 2020 must address the following: • Downtown Revitalization and Expansion o Increased Parking o Enhanced Access o Increased Office Product—WEDC Property • 544 Gateway property o Utility Build-Out o Market/Sale of WEDC Pad Site • Workforce Development • Industrial Park Development on Alanis • Partner with Kansas City Southern Railway Company for the Development of a 220-acre Logistics Park • Complete Property Acquisition and Utility Relocation at Brown& 78 • Establishing an HR Alliance program to better anticipate local workforce and skills training needs for local businesses. • Joint Council/WEDC Planning Session 8 ylie Econo lc I evelo s ent Corporation E ORA DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Direc SUBJECT: 544 Gateway Property DATE: January 16, 2020 Issue Discuss development issues pertaining to the City/WEDC owned 544 Gateway property. Analysis Staff will be making an oral presentation pertaining to development issues applicable to the F.M. 544 Gateway property. A conceptual site plan is attached for your review which depicts the 1.6- acre City tract under contract to Mulligan Foods, LLC. Recommendation This item is for discussion only. Attachment Concept Site Plan 65 '61'.d 77*-9-7-'77-7-47‘4-ti - A WWII , I779-19917- 1 1 111iW : i, 0 i- = 1V 511 g If' i NO 11100V I,iG 33-3 ' '4 ' ;3= i ;.▪; T: !4▪; l i , ,-- 6$4,04024 ,. .; I i 3-31--4"' ; _ ' 4". t; 13, ''',--,t I r i 1 i f' ' ! 4 , :;;: ':"' :' ';-' 4'.171. r i , ! et ...r1%.PA.,11,riiiiii'.., “Ixiorw,e, I I ; 991./ n.7 1 1 $(1 1 i NO11160V 44; 11W 1 I ,c1.4631i ! ; i i - i .(itt 1 '----- *V 7 tl, - 11 s3e,,5,0 0 I - 1 ! -ltrIft 0,4,*.. -,v.`D,Z. 0.V.P.4.; .. , i- - i 1 - „,, .... i : - , - _ 1, vq,4 V .1444441 91J9V Z64'G0 p NO1400/ 4 9 101 0 i- , -, .. 4momno 44 000.0Z 9N1191X1 c ; — ! , •!. — NO I J.IOCILLe_Sili_ 4 1 Flt m ' T i -a / I ; 4',7 , ; ; ; ' ; ; ; : : 1 : ; ...,,,,,..y •—, ; .' ' 46 1 ; j 1 i; 11 i ij i 1 I ; i I 1 H 1,11 I 1 ' 1 i 11111 ' i \ / "/ ' 111 ' 'i 1 1 i NO1110014 44S PO . N011160V 44G 1+1 ! i 3 I I 111III143A19[11 III 1111111 3 ,, 1 1 I 1 I 1 GI 483-11 I j i — 11 ` . 1Th . I ' I I 3 I ' I I 1 1 1 11 I III IIIIII1 ii I I I N i — ri. 40:: 33, ,,,,o- eol, •,., "4 " -- CI","• - V••...""`*0 S31.31,0 tt'q 0,1 t. A , i . !,1 .tr,,3(7N1,403 ti ! t AM I 0 1 rgLif4nailliVE ...4 !t: 44;a41114 sormisva . i . 44.44G,44 044.0404. . , _ i os poo!oz 6114040116 3! —,..„ i i 1 i 1 — ! t i ii ...-----4---- _,-----, ylie cono is evelo i ent Core oration E ORA DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Direct r SUBJECT: Staff Report DATE: January 16, 2020 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, SAF Holland, environmental activity summary, Brown & 78 redevelopment update, WEDC investment property, Taylor& Son, upcoming events, 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 Cardinal Strategies, Carrie Elle, Clark Street Development, Cross Development,DANK Real Estate, DCU, Exco Extrusion Dies, Rocking M, SAF Holland, and SCSD-Finnell. Woodbridge Centre Within the Kroger-anchored center, $16,443.57 in sales tax was generated in October 2019 with $4,110.89 subject to reimbursement. October 2019 sales tax represents a 15% increase over the same period in 2018. Hotel Occupancy Tax Hotel Occupancy Taxes received to date are attached for the Board's reference and review. As detailed on the attachment,three hotels are now reporting and paying occupancy tax to the City of Wylie. For the Month of October, $21,862.69 was paid representing a 50% increase over 2018 receipts. WEDC- Staff Report January 16, 2020 Page 2 of 3 SAF Holland In 2017 the WEDC entered into a Performance Agreement with SAF-Holland, Inc. to secure an equipment expansion and an associated increase in employment. There was an employment and tax rebate component to the Agreement. For every new job over the threshold of 133, Holland was compensated $1,000 up to a cumulative maximum of $45,000. In 2018 Holland had 188 employees thus maxing out their employment component in the first year. As of December 2019, Holland had 220 employees. The tax rebate component provided a 50%rebate on all personal property taxes paid(for City and ISD taxes) over and above a $14,375,324 minimum threshold. In 2018 Holland had personal property value was $17,889,058 resulting in a rebate of$23,171. In 2019 personal property value was $22,700,611 which will result in a tax rebate of$54,901 with payment due on January 31, 2020. Per the Agreement, Holland will have one year remaining on the tax rebate component. Environmental Activity Summary Attached for the Board's review is a spreadsheet tracking the remaining remediation project with W&M Environmental. With the MSD certified for the 544 Gateway property, closure by the TCEQ is anticipated on or about February 1, 2020. As previously reported the TCEQ requested additional sampling which resulted in the TCEQ removing the requirement that a cap be placed on areas with significant contamination. However, a vapor barrier will still be required on all foundations. Elm Creek Environmental has completed its data collection on the Brown/78 site and is now preparing the Affected Property Assessment Report (APAR) to be submitted to the TCEQ. Staff will be requesting the same case worker that has processed the last three VCP submittals by the WEDC. Brown & 78 Redevelopment Update Staff has been advised that the North Texas Municipal Water District legal department is nearing completion of the Interlocal Agreement with the City of Wylie/Wylie EDC providing the terms of the 42' water line relocation. As well, staff anticipates taking the abandonment request to Council for right-of-way within the subject area no later than February 11th. Finally, the Collin County Commissioners Court will approve the sale of Collin County excess right-of-way no later than February 10th. WEDC Investment Property Via the Brown& 78 acquisitions,the WEDC currently owns 5 income producing properties. The decision was made in December 2018 to continue the existing uses in an attempt to recoup even a small portion of the WEDC investment. The WEDC hired Heath Property Management to assist with maintenance and operations and had significant expenses to increase the interior and exterior appearance to a minimum standard. WEDC- Staff Report January 16, 2020 Page 3 of 3 Including property management fees, repairs, and maintenance, the WEDC has expenses in 2019 of$44,300 vs.revenues of$44,400. The expenses are somewhat skewed with two of the properties having one-time repairs of$14,000 and $11,500. With the time horizon for ownership of this property of at least 12— 18 months, staff believes that the continued approach of keeping these revenue generating properties should be maintained. However, should the next twelve months not produce significantly better results the Board should consider discontinuing this strategy. Taylor & Son With the holidays and Taylor being out of the country for the past 3 weeks, staff has been unable to renegotiate the terms of the Purchase & Sale Agreement and Performance Agreement. Taylor will be back in the United States on January 20th and is committed to finalizing the new terms prior to the February 19th Board Meeting. Upcoming Events Board discussion on upcoming events. Regional Housing Starts Thirty-three homes were permitted in Wylie for the month of December 2019. Sachse, Murphy and Lavon permitted a combined forty-four with Inspiration permitting fifteen. No action is requested by staff for this item. Attachments Performance Agreement Summary Environmental Activity Report Hotel Occupancy Tax Report Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes Cardinal Strategies 1. Receipt of documentation evidencing minimum expenditures of$106,800 for qualified infrastructure; obtain a CO no later than 12/31/20; current on ad valorem taxes due by 1/31 of the year after they are assessed. 12/31/2020 $32,000 2. Base Incentive: Receipt of documentation evidencing continuous occupation of the facility; maintain employment of at least 30 full time employees through the 1 year anniversary of CO; and current on ad valorem taxes due by 1/31 of the year after they are assessed. 12/31/2021 $6,933 Additional Incentive: Company qualifies for a $500 reimbursement incentive for each employoee created, staffed and maintained at the facility Up to beyond the 30 required for Incentive 1. 12/31/2021 $18,000 3. Base Incentive: Receipt of documentation evidencing continuous occupation of the facility; maintain employment of at least 30 full time employees through the 1 year anniversary of CO; and current on ad valorem taxes due by 1/31 of the year after they are assessed. 12/31/2022 $6,933 Additional Incentive: Company qualifies for a $500 reimbursement incentive for each employoee created, staffed and maintained at the facility Up to beyond the 30 required for Incentive 1. 12/31/2022 $18,000 Outstanding Performance Agreement Summary 4. Base Incentive: Receipt of documentation evidencing continuous occupation of the facility; maintain employment of at least 30 full time lemployees through the 1 year anniversary of CO; and current on ad valorem taxes due by 1/31 of the year after they are assessed. 12/31/2023 $6,933 Additional Incentive: Company qualifies for a $5001 reimbursement incentive for each employoee created, staffed and maintained at the facility Up to beyond the 30 required for Incentive 1. 12/31/2023 $18,000 Carrie Elle Receipt of documentation of minimum project cost of$15,000 for the purchase of new equipment; current on ad valorem taxes. 1/31/2019 $2,500 Paid Receipt of documentation evidencing ongoing operations at 311 N. Ballard; current on ad valorem taxes. 1/31/2020 $2,500 Cross Development Purchase and take title to the property by 3/20/18. 3/20/2018 Complete Commence construction of multifamily units by 8/1/18. 8/1/2018 Complete Complete construction of retail space and at least 3,200 sf of restaurant space and obtain COC by 9/1/20. 10/31/20201 Provide documentation to WEDC evidencing: Construction costs for Phase One of$32mm; property south of Explorer Pipeline is accessible to vehicular traffic; $250,000 in expenditure for qualified infrastructure; "! 10/31/20201 Outstanding Performance Agreement Summary Documentation to City confirming i) Completion of removal/remediation ii) Company expended an amount greater than or equal to minimum removal expenditure ($500,000). 10/31/2020 $250,000 CSD Woodbridge Phase I -Acquire property for 110,000 sf Kroger by 7/31/2016; CO by 3/31/2014 3/31/2014 $100,000 Paid Phase II-CO for 120,600 sf retail space Sales tax (completed) 3/31/20141 reimburse quarterly Phase III -CO for 127,600 sf retail space Sales tax (completed) 3/31/2017 reimburse quarterly 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 la. 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. 7/31/20191 $15,600 Paid lb. CO for a 10,140 sf expansion at 216 Windco Cir. 7/31/2019 $21,500 Paid Outstanding Performance Agreement Summary 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. 7/31/2020 $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. 7/31/2021 23,000 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. Paid City of Wylie 8/1/2018 $31,534 $24,545.13 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; $32,013 paid 3. letter from Atmos Energy asserting that to Company's improvements installed to Atmos standards and Utility available to other customers. 8/1/2018 Contractor Paid' Outstanding Performance Agreement Summary 2. Minimum valuation of$1,200,000 for real and personal Property; current on ad valorem taxes, continuous operations at 2774 Capital. Amended to$10,645 in Amendment No. 3. 9/1/2019 $10,645 Paid 3. Minimum valuation of$1,200,000 for real and 1 personal Property; current on ad valorem taxes, continuous operations at 2774 Capital.Added to this payment is the fee difference from Incentive 1 of 4 in the amount of$6,988.80. 8/1/2020 $19,488.80' 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 2/24/2018 $20,000 ' Paid 2/24/2019 $20,000 Paid 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven Forgiveness#1-2-24-17 annually beginning 1-31-17 in equal amounts of Forgiveness#2-2-24-18 $70,000 for 5 years. 2017-2021 $350,000 Forgiveness#3-2-24-19 Rocking M Acquire title to property by March 1, 2019; obtain building permit by April 1, 2019; Certificate of Occupancy by April 1, 2020; provide documentation evidencing$300,000 in construction costs for facility; provide documentation evidencing$89,500 in qualified infrastructure costs. 4/1/2020 $89,500 SAF Holland A. Tax Incentive: Outstanding Performance Agreement Summary 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 1/31/2019 Threshold. Paid 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 per new employee added. First $1,000/emp Amendment- BPP valuation requirement waived over Paid-Incentive Obligation (first year only). 12/31/2017 Threshold Fully Satisfied 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 n/a 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. Provide documentation that company has leased no less than 66%of the space within the building to restaurants no later than 1/31/20 and no less than 3,800 sf to Fish'N'Tails Oyster Bar; Company has completed qualified infrastructure no later than 8/31/19 with a minimum cumulative cost of$175,000; 8/31/2019 and 1/31/20 $87,500 Paid Provide documentation that restaurant space identified in Incentive No. 1 has been continuously occupied and operated as an on-going business for no less than 12 months. 1/31/2021 $87,500 Active Environmental Program Tracking Kirby - Former CRI Project Total: 117,880.67 Contract$121,150 910.00 11/30/17 Labor: Frank Clark, Michael Henn 788.00 12/31/17 Labor: Frank Clark, Clay Snider Labor: Frank Clark, Michael Henn,Joshua Hopper, Samuel Lewis, 6,421.80 1/31/18 Trey Nelson, Clay Snider Other Subcontractors: Laboratory,Supplies/Permits, Other 14,442.16 1/31/18 Subcontractors 11.16 1/31/18 :Misc. Supplies 659.50 1/31/18 Vehicle / Equipment Labor: Frank Clark,Trudy Hasan,Joshua Hopper, Samuel Lewis, Clay, 2,005.30 2/28/18 Snider 874.00 2/28/18 Laboratory 519.50 3/31/18 I Labor: Trey Nelson, Clay Snider 1,824.00 4/30/18 'Subsurface Investigation-Labor: Clay Snider Add?!Subsurface Investigation- Labor: Frank Clark,Joshua Hooper, 3,815.75 4/30/18! Samuel Lewis,James Maxwell,Trey Nelson, Clay Snider Subcontractors: Laboratory-$989; Drilling-$6,463; 12,385.33 4/30/18 Supplies/Permits/Regulatory Fees-$103.33; Other-4,830. 528.88 4/30/18 Vehicle / Equipment Subsurface Investigation -Labor: Clay Snider, Samuel Lewis,Joshua 1,236.50 5/31/18 Harper, Frank Clark 264.50 5/31/18: Add'I Subsurface Investigation-Subcontractors: Laboratory 406.50 7/31/18 MSD- Project Management- Labor: Frank Clark, Clay Snider 648.50 7/31/18 VCP Application - Labor: Clay Snider, Holly Stockton 429.00 7/31/18 DWS Labor: Trey Nelson, Clay Snider 636.00 7/31/18, MSD Application- Labor: Joshua Hooper 384.00 8/31/18 MSD- Project Management- Labor: Clay Snider 165.90 8/31/18 VCP Application- Labor: Frank Clark 212.00 8/31/18! ;DWS Labor: Joshua Hooper 2,539.50 8/31/18 MSD Application- Labor: Joshua Hooper,Samuel Lewis, Clay Snider MSD Application Sub-contractors: Laboratory,Aerials/Maps/ 2,052.91 8/31/18 Photos Active Environmental Program Tracking 418.35 9/30/18' MSD-Project Management- Labor: Clay Snider 749.60 9/30/18 VCP Application - Labor: Frank Clark,Antonia Pachlczuk, Clay Snider 128.00 9/30/18 DWS Labor: Clay Snider MSD Application- Labor: Joshua Hooper,Samuel Lewis,James 2,878.50 9/30/18 Maxwell,Trey Nelson, Clay Snider 58,967.14 Starting Point! 632.00 9/30/18 'APAR Labor: Trey Nelson 888.00 11/3/18 1 MSD-Project Management- Labor: Clay Snider VCP Application- Labor: Clay Snider-$259; Overnight courier- 1,438.86 11/3/18 $29.86;TCEQ Application Fee-$1,150 189.50 11/3/18 MSD Application - Labor: Trey Nelson,Joshua Hooper 360.00 12/7/18 j MSD Project Management 10.80 12/7/18 VCP Application &Agreement 2,351.90 12/7/18 Prepare MSD Application 804.00 2/22/19i Project Mgmt; Correspondence with TCEQ 1,725.66 2/22/19, Drinking Water Survey Report 4,553.05 2/22/191 Prepare MSD Application 79.80 4/11/19 Project Mgmt; Correspondence with TCEQ 3,165.10 ` 4/11/19' Prepare MSD Application 142.20 4/11/19 Preapare APAR and Submite to TCEQ 1,345.50 4/11/19 VCP Investigation 705.60 5/9/19 Project Mgmt; Correspondence with TCEQ 388.50 5/9/19 Prepare MSD Application 798.50 } 5/9/19'__ Prepare APAR and Submit to TCEQ 7,279.13 5/9/19 VCP Investigation 1,850.05 7/9/19 Project Mgmt; Correspondence with TCEQ 705.00 7/9/19 Prepare MSD Application 10,328.55 7/9/19 Prepare APAR and Submit to TCEQ 3,659.82 7/9/19 VCP Investigation 1,614.37 8/8/19: Project Mgmt; Correspondence with TCEQ 1,486.00 8/8/19 I Prepare APAR and Submit to TCEQ 276.50 8/8/19 VCP Investigation 2,157.00 I 11/8/19 'Project Mgmt; Correspondence with TCEQ 839.10 11/8/19 Prepare APAR and Submit to TCEQ Active Environmental Program Tracking 1,238.25 11/8/19 VCP Investigation 2,149.22 11/8/19 Outdoor Air Sampling 2,157.00 12/13/19 ,Project Mgmt; Correspondence with TCEQ 839.10 12/13/19 Prepare APAR and Submit to TCEQ 1,238.25 12/13/19 VCP Investigation 2,149.22 12/13/19 Outdoor Air Sampling 117,880.67 Spent Contracted Total IN&M Expenditures: $117,880.67 $123,100 Hotel Occupancy Tax Receipts 2015, '� �2016�` �� 2��7 _ �` �2��8�� `�r2m1� �`,.�� '� ~.�� - ��-^' _~_~� Janmary� $ 91O22| $3. 8868 February _3,773�66� 3,)94�91_ 5,D1O.O3 S,O16.3G 5L767.87 13,948.86� � � - , -_- - � March 4,559.63| 5,250.71 G,336.35 S,7S7/�O 13,36D.7O 13,3917J� ' _ _- -- ' ' ' - April 4,921.S2 5i119 2 4348J)O 14,375.83 13,312.00 ---- ' i - - - ' -------------- -- ------ ' ' - ------' May | 4`B91.83 5,163.84: 11,014.00 6,4O3�58 1593435 14,588---31 ---- -- | - ----------------- ------- r--�` '��`----'--' June ' 5,692.40 6,102.22 8,81�.2S 6,6U5.O5 17,191.31' 17,23S.25 -'__- ,-- -~- - - July 5,2D1.94' Si6G4.�3 0,31457 171.14 70 17,S68.51 --- --- '�- '' - �--- - ---------r--'-- -- - ------ ---- August 5,242.99 5,379.29 9,764.71 S,779.6G� 12,372.93 15,742.13 - � _ September S,�8O.16 S,O44.3O| 7,�S0.4B ��3.79 14,369.O6 14,584.37 ��_�_- -_ _____ October 6O33.S2 S,G6S.76� 7,242.90 6,3Ol.3D 14,607.81. 21,862.69 -'---- � ' ---T - ' --- -------- '- -�---.......................... '� ' N��mnnb�r S,213.87� 51G87G 7O54G5 5O3162/ 14,4O992 - �' �� ' ' . ' . . - - l- |- -----------------'--------- December z[S3O.79| 6,2�4.6Q G,7O8.B6 6,6�7.89' 1�^443.62� | |Total ' $G9,l�G�� ,��0.��|�9B� '��.�� $�1L��.�� 1��,6�� 19' $1G4��96.92 -- _ ---- - - - --- -� - -r-- - - -- * 2 Hotels re inDecember2O17 ' ..............- '____ _- -,-__- _____~_ * 3 Hotels reporting beginning in October 2O1S. Regional Housing Permits Wyl ie Lavon 11 12 13 14 15 16 17 18 19 ', 11 12 13 14 15 16 17 18 19 January 20 16 18 14 46 9 15 41 28 January 2 4 5 4 6 2 12 2 3 February 9 22 14 20 31 4 36 54 27 February 11 2 5 11 6 5 1 7 0 March 28 18 17 30 31 43 33 61 26 March 3 6 3 17 8 3 0 1 1 April 18 29 38 10 57 41 70 49 37 April 1 12 24 7 11 1 1 17 0 May 18 20 22 26 68 101 45 48 40 May 1 0 9 17 4 4 11 7 0 June 19 13 ? 11 9 57 58 98 47 33 June 9 2 5 12 5 1 7 15 0 July 20 19 18 29 36 34 60 63 56 July 2 3 1 14 12 1 1 11 0 August 16 20 19 19 30 25 11 50 37 August 9 6 3 1 5 0 12 0 0 September 22 15 8 17 24 18 46 23 37 6 7 6 2 7 0 5 9 0 p September October 16 28 30 21 32 26 33 45 27 October 4 2 1 9 5 0 0 7 2 November 5 14 18 20 33 11 42 34 28 November 5 3 2 1 2 0 14 3 0 December 10 16 23 65 38 39 18 16 33 December 7 1 4 5 6 0 40 0 30 TOTAL 201 230 236 280 483 409 507 531 409 TOTAL 60 48 68 100 77 17 1104 79 36 Murphy Sachse 11 12 13 14 15 16 17 18 19 11 12 13 14 15 16 17 18 19 January 4 7 26 13 1 12 5 0 0 January 14 8 13 18 14 16 4 15 6 February 3 14 4 5 5 4 2 6 0 February 3 11 8 29 17 31 15 9 5 March 9 6 6 8 4 5 4 0 3 March 9 12 1 13 24 31 23 5 4 April 8 10 23 1 3 8 1 0 24 April 8 4 13 17 12 24 15 2 1 May 11 14 7 7 2 2 0 0 10 May 11 17 10 21 6 21 15 9 4 June 6 19 15 6 7 4 0 0 4 June 8 17 14 16 38 25 14 3 1 July 7 16 7 22 4 2 8 1 10 July 7 14 15 30 12 22 17 4 4 August 4 13 15 16 2 21 0 0 4 August 5 19 10 29 41 32 8 6 6 September 4 10 10 3 3 6 0 0 2 September 12 12 17 23 27 20 3 2 2 October 3 16 16 4 0 2 0 0 4 October 8 15 25 18 31 29 10 6 4 November 3 17 5 5 2 6 0 1 5 November 6 9 12 27 26 12 6 6 3 December 8 7 15 4 0 1 1 5 9 December 7 10 11 39 12 11 2 3 5 TOTAL 70 149 149 94 33 73 21 13 75 TOTAL 98 148 149 280 260 274 132 70 45 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 18 13 8 14 31 9 261 19 4 9 15 16 5 5 5 11 16 30 4 15 135 I ylie Econo icevelos ent Corporation E 0 - A DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Future Agenda Items DATE: January 16, 2020 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 Agendas 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.