02-19-2020 (WEDC) Agenda Packet NOTICE OF MEETING
ECONOMIC DEVELOPMENT CORPORATION
Regular Meeting Agenda
February 19, 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
Tim Gilchrist Board Member
Mayor Eric Hogue Ex-Officio Member
Chris Hoisted,City Manager Ex-Officio Member
Jason Greiner Executive Director
Angel Wygant BRE Director
Rachael Hermes 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 24, 2020 Minutes of the WEDC Board of
Directors Meeting.
II. Consider and act upon approval of the January 2020 WEDC Treasurer's Report.
III. Consider and act upon authorizing the WEDC Board President to execute all documentation
necessary to effectuate the transaction between the WEDC and WB Real Estate for the sale
of a 1.4-acre property located on Highway 78.
IV. Consider and act upon amending the WEDC Bylaws.
DISCUSSION ITEMS
WEDC —Agenda
February 19, 2020
Page 2 of 3
V. Staff report: review issues surrounding WEDC Perfoiiiiance Agreement Summary, Hotel
Occupancy Tax, Redevelopment Updates & Engineering Services, ANB Loan, Impact
DataSource,Agenda Structure,Meeting Dates,upcoming events,and regional housing starts.
VI. 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
• State Highway 78 & Brown
• Jackson & Oak
• State Highway 78 & Wylie East
• Ballard& College
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated(Open Meetings Act). Deliberation regarding commercial or financial information that
the WEDC has received from a business prospect and to discuss the offer of incentives for:
• Project 2017-10a
• Project 2018-2a
• Project 2018-1Oc
• Project 2019-12a
• Project 2020-2a
• Project 2020-2b
WEDC —Agenda
February 19, 2020
Page 3 of 3
• Project 2020-2c
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 14`'day of February 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.wvlietexas.gov.
Stephanie Storm,City Secretary Date Notice Removed
Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Friday, January 24, 2020—7:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78 —Wylie, Texas
CALL TO 0 ' PER
Announce the presence of a Quorum
President Demond Dawkins called the meeting to order at 7:32 a.m. Board Members present were
John Yeager, Gino Mulliqi, Melisa Whitehead and Tim Gilchrist.
Ex-officio member Chris Hoisted, City Manager was present.
WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner
and Senior Assistant Angel Wygant.
INVOCATION & PLEDGE OF ALLEGIANCE
Board Member Dawkins gave the invocation and led the Pledge of Allegiance.
CITIZEN PARTICIPATION
Sam Satterwhite spoke as a citizen and expressed his thanks to the Board and the Board's through
the years for their support and vision on behalf of the citizens of Wylie. He mentioned that during
his tenure, many wonderful things had been accomplished for Wylie due in large part to the
collaborative relationship between the WEDC, Board of Directors and City of Wylie staff and
Council. Board President Demond Dawkins echoed those sentiments and thanked Sam
Satterwhite for his excellent leadership of the organization.
With no further citizen participation, President Dawkins moved to Action Items.
ACTION ITEMS
ITEM NO. 1 —Consider and act upon approval of the January 7,2020 Minutes of the Wylie
Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Gino Mulliqi and seconded by John Yeager to approve
the January 7, 2020 Minutes of the Wylie Economic Development
Corporation. The WEDC Board voted 5 —FOR and 0 —AGAINST in favor
of the motion.
ITEM NO. 2 — Consider and act upon approval of the December 2019 WEDC Treasurers
Report.
Staff reviewed the Deferred Outflows and discussed current projects and Deferred Inflows for an
outstanding forgivable loan. Sales Tax receipts for December were down 2% over 2018. During
WEDC—Minutes
January 24, 2020
Page 2 of 5
December the first payment for the VCP application associated with the Hwy 78&Brown property
was made.
MOTION: A motion was made by John Yeager and seconded by Melissa Whitehead to
approve the December 2019 Treasurer's Report for the Wylie Economic Development
Corporation. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO.3—Consider and act upon a Check Set of Construction Drawings associated with
a Real Estate Contract between the WEDC and WB Real Estate, LLC.
Within the WB (Whataburger) Real Estate Contract, the WEDC required its approval of a 'Check
Set of Construction Drawings' specifically pertaining to masonry construction and the type of
stone being utilized 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 assured the Board that it had verified that the building is 100%masonry construction and the
required Pro Fit Alpine Ledgestone-Chardonnay is being utilized. 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 31'.
MOTION: A motion was made by Gino Mulliqi and seconded by John Yeager to approve
the Check Set of Construction Drawings pertaining the Real Estate Contract
between the WEDC and WB Real Estate, LLC. The WEDC Board voted 5 —
FOR and 0—AGAINST in favor of the motion.
ITEM NO. 4—Consider and act upon a a Performance Agreement between the WEDC and
Savannah Woodbridge Development,LLC.
Staff reminded the Board that during Executive Session, WEDC staff presented Project 2019-lie.
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 requiring Certificate of
Occupancy on a 9,000 medical office building at a cost of$4 mm,a 5-year lease with Texas Health
Resources.
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.
Staff projects 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
WEDC—Minutes
January 24, 2020
Page 3 of 5
year to the City and WISD. In addition, Savannah will generate no less than $80,000 in
development fees.
MOTION: A motion was made by John Yeager and seconded by Gino Mulliqi to 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. The WEDC Board voted 5 —FOR
and 0—AGAINST in favor of the motion.
Due to the potential for a conflict of interest,at 7:57 a.m.,Board Member Gilchrist excused himself
from the meeting prior to any discussion associated with Item 5.
ITEM NO.5—Consider and act upon issues surrounding a Performance Agreement between
WEDC and Avanti Windows & Doors, LLC.
Staff explained that 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 Performance Agreement outlines a $120,000 incentive, payable over a
three-year period calling for a Certificate of Occupancy (CO) by July 1, 2020 on new equipment
with an investment of no less than $5 mm. The company is required to staff, create and maintain
no less than 42 full-time employees at CO, 70 full-time employees at the 1-year anniversary of
CO, 90 full-time employees at the 2-year anniversary of CO and 110 employees at the three-year
anniversary of CO.
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:
MOTION: A motion was made by John Yeager and seconded by Melissa Whitehead to
approve a Performance Agreement between the WEDC and Avanti Windows
& Doors, LLC. Providing for a maximum incentive of$120,000 and further
authorizing the Executive Director to execute said Agreement, subject to
Council approval. The WEDC Board voted 4 — FOR and 0 — AGAINST in
favor of the motion.
Board Member Gilchrist returned to the meeting at 8:15 a.m. prior to discussion of Item 6.
ITEM NO. 6—Consider and act upon issues surrounding the WEDC 2019 Annual Report.
Staff presented the WEDC 2019 Annual Report to the Board for their review and approval. 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
expenditures made by the Board, a review of accomplishments, and a review of other than direct
WEDC —Minutes
January 24, 2020
Page 4 of 5
economic development. Staff believes the Report presented meets the intent of the requirements
of the By-laws with the same being presented to the Wylie City Council on January 28, 2020.
MOTION: A motion was made by Gino Mulliqi and seconded by John Yeager to approve
the 2019 WEDC Annual Report and present the same to the Wylie City
Council for their review. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
Randy Helmberger joined the meeting at 8:33 a.m.
Tim Porter and Albert Garza joined the meeting at 8:36 a.m.
DISCUSSION ITEMS
ITEM NO. 7 — Discussion of development issues pertaining to the City/WEDC owned 544
Gateway property.
Tim Porter provided an overview and update of the complexities associated with providing a
looped water line for this property. Even with these complexities, given the good economy, this
project is a relatively small project and we are having difficulties finding contractors willing to bid
on the project. In addition, since the water line must be run under the railroad tracks, there are
KCS requirements for supervision and traffic control that must be met. Staff discussed possible
solutions to the challenges on this project.
Randy Helmberger, Tim Porter and Albert Garza left the meeting at 9:09 a.m. and did not return.
ITEM NO. 8—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.
Staff updated the Board on WEDC projects and activities.
ITEM NO. 9 — Discussion of issues to be placed on a future WEDC Board Meeting agenda
(no substantial consideration/discussion allowed).
Board Member Dawkins requested that an item be placed on a future agenda to discuss Impact
Data Source reports analyzing the economic impact of projects considered by the Board as well as
costs associated with the 544 Gateway projects for the City of Wylie and the WEDC.
EXECUTIVE SESSION
Recessed into Closed Session at 9:32 a.m. in compliance with Section 551.001, et. seq. Texas
Government Code, to wit:
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:
WEDC—Minutes
January 24, 2020
Page 5 of 5
• 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 information that
the WEDC has received from a business prospect and to discuss the offer of incentives for:
• Project 2017-10a
• Project 2018-2a
• Project 2019-11b
• Project 2019-11c
• Project 2019 12-a
RECONVENE INTO OPEN MEETING
Take any action as a result from Executive Session
The WEDC Board of Directors reconvened into open session at 10:17 a.m. and took the following
action:
MOTION: A motion was made by Gino Mulliqi and seconded by John Yeager to
authorized the purchase of 1.226 acres from Collin County generally located
at the southwest corner of Brown Street and State Highway 78 in the amount
of $294,000 and the purchase of 0.3 acre from Collin County generally
located at the southwest corner of Marble Street and State Highway 78 in the
amount of$75,000,further authorizing the WEDC Board President to execute
all documentation necessary to effectuate the transaction. The WEDC Board
voted 5 —FOR and 0—AGAINST in favor of the motion.
ADJOU MENT
With no further business, President Dawkins adjourned the WEDC Board meeting at 10:18 a.m.
Demand Dawkins,President
ATTEST:
Samuel Satterwhite, Executive Director
ylie cono ic I evelop ent Corporation
E O - ANDU
TO: Jason Greiner, Executive Director
FROM: Angel Wygant, BRE Direct°
SUBJECT: January 2020 Treasurer's Report
DATE: February 17, 2020
Issue
Consider and act upon approval of the January 2020 WEDC Treasurer's Report.
Analysis
Sales Tax Receipts for January were $362,129 an increase of 19.79% over 2019 receipts.
Bank Note Proceeds - $201,436.51. Final Draw—ANB loan 88193982.
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 - $739,688.80. 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 -
$87,500, Cardinal - $106,800, North Dallas Wylie Land Investors - $120,000, Savannah -
$90,000.
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 — $17,190. Wheels Unlimited - $1,435, Heath - $5,420, Trimark - $1,035, Wylie
Northeast- $1,000, Richmond- $1,000, Helical Concepts - $400, Ken Ross - $400, Austin-Said -
$6,500.
WEDC January 2020 Treasurers Report
February 17, 2020
Page 2 of 2
Revenue and Expense Report,page 3:
Office Supplies —-$25. Notecards & Coffee Urns ($43.25), CC Fraud Credit (-$68.25).
Food Supplies- $95.66. WEDC Board Meeting ($45.66) and Office Luncheon($50).
Incentives - $245,901.11. SCSD — 1 of 2 ($87,500), Carrie Elle — 2 of 2 ($2,500), SAF Holland
Workforce Training— 1 of 1 ($11,500), Rocking M— 1 of 1 ($89,500), SAF Holland BPP —2 of
3 ($54,901.11).
Special Services - $3,657.84. Environmental - Kirby ($814.04), Janitorial ($157.50), 605
Commerce Water ($60.54), Squire - Elec ($22.45), Property Management ($1,903.40), Survey —
Brown& 78 ($700).
Advertising - $1,994. WDMA Qtly Adv ($150), Connection($1,645), Wylie News ($199).
Community Development - $1,946.92. WEDC Invitational Items ($946.92), Collin College
Stetson & Stiletto ($1,000).
Travel & Training- $2,409.06. TEDC Board Mtg - Greiner ($352.69), Esri — Greiner ($1,495),
Customer Appreciation ($50), Bus Mtg/Prof. Update ($564.41), Credits - KCS Parking & Meal
(- $53.04).
Dues & Subscriptions - $882.24. Club Corp Dues — Dec ($741.24), Wylie News ($66), WDMA
Annual Dues ($75)
Audit & Legal - $1,593. Attorney Fees — SCSD ($144), WB ($144), and Kirby-Environmental
Review($1305).
Engineering & Architectural - $1,996.99. FM 544 Waterline.
Streets & Alleys - $9,499. KCS Utility Permit ($9,375), FM 544 Waterline Eng. ($124)
Recommendation
Staff recommends the WEDC Board of Directors approve the January 2020 Treasurer's Report.
Attachments
January 2020 Treasurer's Report
2-18-2020 11:15 AM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: JANUARY 31ST, 2020
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT/# TITLE
ASSETS
1000-10110 CLAIM ON CASH AND CASH EQUIV. 960,510.61
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 NEC - MISC 0.00
1000-11517 ACCTS NEC - 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 - FORGIVE/OILS 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 649,688.80
14,311,001.51
TOTAL ASSETS 14,311,001,51
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 958.68
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 TEL 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 1,820.80
2000-20131 EDWARD JONES DEFERRED COMP 0.00
2000-20132 EMP CARE ELITE 12.00
2000-20151 ACCRUED WAGES PAYABLE 0.00
2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00
2000-20199 MISC PAYROLL PAYABLE 0.00
2-18-2020 11:15 AM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: JANUARY 31ST, 2020
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
2000-20201 AP PENDING 30,140.47
2000-20210 ACCOUNTS PAYABLE 30,427,27
2000-20530 PROPERTY TAXES PAYABLE 0.00
2000-20540 NOTES PAYABLE 649,688.80
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 792,296.02
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 1,491,873.15
TOTAL EXPENSES 922,730.61
REVENUE OVER/(UNDER) EXPENSES 572,142.54
TOTAL EQUITY & OVER/(UNDER) 13,518,705,49
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 14,311,001.51
2-18-2020 11 15 AM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: JANUARY 31ST, 2020
922-GEN LONG TERM DEBT (WEDC)
ACCOUNT# TITLE
ASSETS
1000-10312 GOVERNMENT NOTES 0.00
1000-18110 LOAN - WEDC 0.00
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 37,244.29
1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 472.00
1000-19075 DEF OUTFLOW - INVESTMENT EXP 37,954.48
1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 59,284.78
1000-19125 )GAIN)/LOSS ON ASSUMPTION CHG( 725.41)
1000-19126 DEF INFLOW SDBF CONTRIBUTIONS( 765.00)
133,465.14
TOTAL ASSETS 133,465,14
LIABILITIES
2000-20310 COMPENSATED ABSENCES PAYABLE 11,530.82
2000-20311 COMP ABSENCES PAYABLE-CURRENT 93,673.00
2000-21410 ACCRUED INTEREST PAYABLE 11,478.21
2000-28205 WEDC LOANS/CURRENT 405,228.30
2000-28220 BIRMINGHAM LOAN 0.00
2000-28230 INWOOD LOAN 0.00
2000-28232 AND LOAN/EDGE 0.00
2000-28233 ANB LOAN/PEDDICORD WHITE 0.00
2000-28234 AND LOAN/RANDACK HUGHES 0.00
2000-28235 ANB LOAN 0.00
2000-28236 ANB CONSTRUCTION LOAN 0.00
2000-28237 AND LOAN/ WOODBRIDGE PARKWAY 96,900.47
2000-28238 AND LOAN/BUCHANAN 0.00
2000-28239 AND LOAN/JONESHOBART PAYOFF 0.00
2000-28240 HUGHES LOAN 0.00
2000-28242 AND LOAN/HWY 78:5TH ST REDEV 4,297,437,25
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 262,947.17
2000-29151 SDBF LIABILITY 6,364.00
TOTAL LIABILITIES 7,251,698.48
2-18-2020 11:15 AM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF. JANUARY 31ST, 2020
922-GEN LONG TERM DEBT (WEDC)
ACCOUNT# TITLE
EQUITY
3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 6,117,522.11)
3000-35900 UNRESTRICTED NET POSITION ( 120,264.00)
TOTAL BEGINNING EQUITY ( 6 237,786.11)
TOTAL REVENUE ( 996,500.47)
TOTAL EXPENSES ( 116,053.24)
REVENUE OVER/(UNDER) EXPENSES ( 880,447.23)
TOTAL EQUITY & OVER/(UNDER) ( 7,118,233.34)
TOTAL LIABILITIES, EQUITY & OVER/(UNDER): 133,465.14
2-18-2020 11:50 AM CITY OF WYLIE PAGE i
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: JANUARY 31ST, 2020
ill-WYIJE ECONOMIC DEVEL CORP
FINANCIAL SUMMARY
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET "6 OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET REVENUE SUMMARY
TAXES 2,948,400.00 218,520.22 000 445,184.16 0.00 2,503,215.81 15.10
INTERGOVERNMENTAL REV. 0.00 0.00 0,00 0.00 0.00 0.00 0.00
INTEREST INCOME 6,000.00 474.37 0.00 1,956.52 0.00 4,043.48 32.61
MISCELLANEOUS INCOME 1,937,266.00 17,190.00 0.00 51,232.00 0.00 1,886,034.00 2.64
OTHER FINANCING SOURCES 0.00 201,436.51 0 00 996 500 47 0.00 ( 996,500.47) Loo
TOTAL REVENUES 4,891,666.00 437,621.10 0.00 1,494,873.15 0.00 3,396,792.85 30.56
EXPENDITURE SUMMARY
DEVELOPMENT CORP-WEDC 4,383,886.00 517,497.32 090 922,730.:.,61 23,065 39.,, 4 ......21,...,57
TOTAL EXPENDITURES 4,383,886,00 517,497.32 0.00 922,730.61 23,066.55 3,438,088.84 21.57
REVENUE OVER/(UNDER) EXPENDITURES 507,780.00 ( 79,876.22) 0.00 572,142.54 ( 23,066.55) ( 41,295.99) 108.13
2-18-2020 11.50 ^x czrz or WYLzo PAGE. z
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0000 ^6o,o nomrzrzcuro or oo,vazr o�no n�on 0.00 n�no 0.00 o�nv 0.00
4000'46110 xLmc^ruo /mromsnz uaxmzmco 6'000.00 474�37 n.no 1'956.52 0.00 4.043�48 32�61
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rvr^� zm�ox�nr zxcowo � a'uoo'ou ��r�.�r n�oo �'yno�nz - �o'ou 4'043�48 32�61
MISCELLANEOUS INCOME
^nvn-^o`m nomr^^ INCOME 155'040.00 ,7^190,00 o`on 5�t°e32�00 0,00 m,'000�oo 33.04
^uov-onszv moowmpx - ,nznn YEAR mxeEw u�on 0,00 0.00 v�on 0.00 o�on 0.00
4000-48410 ozxcoLLAwsov, INCOME o�oo u�vv 0.00 0.00 o�ou 0.00 0.00
4000-48430 C^zw/(Loox) x^Lx OF rvp ASS 1`782/226L�00 0�00 _-__-_-0.00 0�00 - v�on 2,7 2'z26�00 _0.00
r:r^^ wznooLL^moonx zmcnmo 1'93,'266�00 z,'zvn.vv 0.00 51'232�00 o�nn 1.886'034.00 2.64
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4000'49160 ,a^wvrna FROM :nwopmL, rvwo 0�0 0.00 o.00 n�oo 0.00 o�oo vloo
4000-49325 a^mu oorE ,moouoox o 201'436�51 o-vv 996'500�47 n�nn , 996'500�47` q-on
4000-49550 LEASE ppzxrzpaL r«x^omrx (o o 0.00 ornn 0.00 0.00 0.00 0.00
4000-49600 zmxvRANcu nocovevzEn ` u��� 0.00 -__---_0.00 u^un 0.00 n��00
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2-18-2020 11:50 AM CITY OF WYLIE PAGE: 3
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: JANUARY 31ST, 2020
111-WYLIE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET I OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
PERSONNEL SERVICES
5611-51110 SALARIES 304,457.00 134,965.15 0.00 199,788.74 0.00 104,668.26 65.62
5611-51130 OVERTIME 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51140 LONGEVITY PAY 1,597.00 0.00 0.00 1,588,00 0,00 9.00 99.44
5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.00 0.00 o.00 o.00 0.00
5611-51160 CERTIFICATION INCENTIVE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51210 CAR ALLOWANCE 12,600.00 1,540.43 0.00 4,171.28 0.00 8,428.72 33.11
5611-51220 PHONE ALLOWANCE 4,656.00 882.00 0.00 2,046.00 0.00 2,610.00 43.94
5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51260 MOVING ALLOWANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51310 TMRS 48,052.00 20,585.06 0.00 31,058.54 0.00 16,993.46 64.64
5611-51410 HOSPITAL & LIFE INSURANCE 41,595.00 92.80 0.00 10,121.71 0.00 31,473.29 24.33
5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51420 LONG-TERM DISABILITY 1,736.00 173.70 0.00 434.25 0.00 1,301.75 25.01
5611-51440 FICA 19,748.00 8,363.94 0.00 10,188.62 0.00 9,559.38 51.59
5611-51450 MEDICARE 4,619.00 1,956.09 0.00 2,910.04 0.00 1,708.96 63.00
5611-51470 WORKERS COMP PREMIUM 415.00 0.00 0.00 299.14 0.00 115.86 72.08
5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 0.00 0.(90 810.00 0.00
TOTAL PERSONNEL SERVICES 440,285.00 168,559.17 0.00 262,606.32 0.00 177,678.68 59.61
SUPPLIES
5611-52010 OFFICE SUPPLIES 3,000.00 ( 25.00) 0.00 155.57 148.30 2,696.13 10.13
5611-52040 POSTAGE & FREIGHT 395.00 0.00 0.00 36.95 0.00 358.05 9.35
5611-52130 TOOLS/ EQUIP (NON-CAPITAI) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-52810 FOOD SUPPLIES 2,100.00 95.66 0.00 841.31 2.00 1,256.69 40.16
5611-52990 OTHER 0.00 0.00
TOTAL SUPPLIES 5,495.00 70.66 0.00 1,033.83 150.30 4,310.87 21.55
MATERIALS FOR MAINTENANC
5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-54810 COMPUTER HARD/SOFTWARE 3,000.00 0.00 0.00 0.00 0.00 3,000.00 0.00
5611-54990 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00
TOTAL MATERIALS FOR MAINTENANC 8,000.00 0.00 0.00 0.00 0.00 8,000.00 0.00
CONTRACTUAL SERVICES
5611-56030 INCENTIVES 551,291.00 2/5,901.11 0.00 283,001.11 0.00 268,289,89 51.33
3611-56040 SPECIAL SERVICES 120,871.00 3,657.84 0.00 66,504.42 132.31 54,234.27 55.13
5611-56080 ADVERTISING 137,600.00 1,994.00 0.00 12,245.40 166.50 125,188.10 9.02
5611-56090 COMMUNITY DEVELOPMENT 43,350.00 1,946.92 0.00 23,733.17 4,638.22 14,978.61 65.45
5611-56110 COMMUNICATIONS 9,376.00 743.26 0.00 2,272.89 0.00 7,103,11 24.24
5611-56180 RENTAL 29,328.00 2,444.00 0.00 12,026.00 0.00 17,302.00 41.01
5611-56210 TRAVEL & TRAINING 31,317.00 2,909.06 0.00 8,400.06 4,397.11 18,519.83 40.86
5611-56250 DUES & SUBSCRIPTIONS 19,567.00 882.24 0.00 10,494.72 480.00 8,592,28 56.09
5611-56310 INSURANCE 4,310.00 0.00 0,00 1,871.91 0.00 2,438.09 43.43
5611-56510 AUDIT & LEGAL SERVICES 23,000.00 1,593.00 0,00 6,141.50 645.00 16,213.50 29.51
5611-56570 ENGINEERING/ARCHITECTURAL 15,000.00 1,996.99 0.00 4,367.49 12,457.11 ( 1,824,60) 112.16
5611-56610 UTILITIES-ELECTRIC 3,000.00 225 26. 0.00 404.97 0.00 2,595.03 13.50
TOTAL CONTRACTUAL SERVICES 988,010.00 263,793.68 0.00 431,463.64 22,916.25 533,630.11 45.99
2-18-2020 11:50 AM CITY OF WYLIE PACE: 4
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: JANUARY 31ST, 2020
111-WYLIE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
DEBT SERVICE & CAP. REPL
5611-57110 DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-57410 PRINCIPAL PAYMENT 1,933,038.00 57,480.90 0.00 116,053.24 0,00 1,816,984.76 6.00
5611-57415 INTEREST EXPENSE 334,394.00 27,592.91 0.00 102,097.91 0.00 232,296.09 30.53
5611-57710 BAD DEBT EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEBT SERVICE & CAP. REPL 2,267,432.00 85,073.81 0.00 218,151.15 0.00 2,049,280.85 9.62
CAPITAL OUTLAY
5611-58110 LAND-PURCHASE PRICE 100,164.00 0.00 0.00 862,028.63 0.00 ( 761,864.63) 860.62
5611-58120 DEVELOPMENT FEES 0.00 0,00 0.00 0.00 0.00 0.00 0.00
5611-58150 LAND-BETTERMENTS 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-58210 STREETS & ALLEYS 573,000.00 0,00 0.00 9,499.00 0.00 563,501.00 1.66
5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0.00 0.00 0,00
5611-58810 COMPUTER HARD/SOFTWARE 1,000.00 MO 0.00 0.00 0.00 1,000.00 0.00
5611-58830 FURNITURE & FIXTURES 500.00 0.00 0.00 0.00 °-" 500.00 0.00
5611-58910 BUILDINGS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 ( 862,051.96) 0.00 862,051.96 0,00
TOTAL CAPITAL OUTLAY 674,664.00 0.00 0.00 9,475.67 0.00 665,188.33 1.40
OTHER FINANCING (USES)
5611-59111 TRANSFER TO GENERAL FUND 0.00 0.00 0.00. 0,00 0.00 0.03 0.00
5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.00 0,00 0.00 0.03 0.00
5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0.00 0.00 0.00 0.00 0,00 0.00
5611-59990 PROJECT ACCOUNTING 0.00 0.00 0.00 JAC) 0,00 0.00 OA°
TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
...-
TOTAL DEVELOPMENT CORP-WEDC 4,383,886.00 517,497.32 0.00 922,730.61 23,066.55 3,438,088.84 21.57
TOTAL EXPENDITURES 4,383,886.00 517,497.32 0.00 922,730.61 23,066.55 3,438,088.84 21.57
REVENUE OVER (UNDER) EXPENDITURES 507,780.00 ( 79,876.22) 0.00 572,142.54 ( 23,066.55) ( 41,295.99) 108.13
**. END OF REPORT ***
.
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2-18-2020 12:37 PM DETAIL LISTING PAGE: 2
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2020 THRU Jan-2020
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET---- -DESCRIPTION- -- VEND INV/JE # NOTE AMOUNT-- --BALANCE--
5611-56030 INCENTIVES
BEGINNING BALANCE 37,100.00
1/06/20 1/06 A61695 CHK: 108096 20641 SCSD - INCENT 1 OF 2 005396 INCENT PAY 1 OF 2 87,500.00 124,600.00
1/07/20 1/07 A61734 CHK: 108100 20663 CARRIE ELLE- INC. 2 OF 2 005215 INCENTIVE 82 2,500.00 127,100.00
1/07/20 1/07 A61735 CHK: 108107 20663 SAF WKFC TRAINING REIMBU 005295 010620 REIMB WEDC 11,500.00 138,600.00
1/27/20 1/27 A63158 CHK: 108439 21195 ROCKING M - INCENT 1 OF 005464 INCENTIVE #1 OF 1 89,500.00 228,100.00
1/28/20 1/28 A63229 CHK: 108453 21225 SAF BOLL - TAX INC 2 of 005295 SAF HOLLTAXINC2/3 54,901.11 283,001.11
JANUARY ACTIVITY DE3 245,901.11 CR: 0.00 245,901.11
---------------------------------------------------------------------------------------------------___-----------
5611-56040 SPECIAL SERVICES
REGINNING BALANCE 62,846.58
1/06/20 1/06 A61588 CHIC: 108068 20627 605 COMMERCE-WATER 000101 126054100A WEDC 66.54 62,913.12
1/06/20 1/06 A61679 CHK: 108097 20641 TCEQ VCP KIRRY-OCT19 WED 001320 VCP0046149 OCT19 747.50 63,660.62
1/21/20 1/21 A62829 DFT: 001004 21074 SQUIRE-ELEC 000912 8277 DEC19 WYGANT 60.45 63,721.07
1/24/20 1/24 A62999 CHK: 108387 21149 JANITORIAL SVC JAN20 002330 51963 JAN20 WEDC 157.50 63,878.57
1/28/20 1/28 A63210 CHIC: 108448 21225 SQUIRE - ELEC DEC10-JAN1 002414 1249204 DEC10-JN11 22.45 63,901.02
1/30/20 1/30 A63367 CHK: 108474 21285 SURVEY-BROWN & 78 004040 1905024 700.00 64,601,02
1/30/20 1/30 A63370 CHK: 108476 21285 HEATH PROP MGMT-DEC 19 005262 252 WEDC 1,903.40 66,504,42
JANUARY ACTIVITY DB: 3,657.84 CR: 0.00 3,657.84
5611-56080 ADVERTISING
BEGINNING BALANCE 10,251.40
1/06/20 1/06 A61618 CHK: 108080 20630 WYLIE NEWS- HOLIDAY 000391 20712 WEDC JAN20 199.00 10,450.40
1/06/20 1/06 A61619 CHK: 108080 20630 IN & ARND-JAN 20 000391 20773 WEDC JAN20 1,645.00 12,095.40
1/31/20 1/31 A63464 CHK: 108505 21313 WDMA-ORTLY AUDIO AD 001078 558 WEDC 150.00 12,245.40
JANUARY ACTIVITY DB: 1,994.00 CR: 0.00 1,994.00
--------------------------------------------------------------------______________________-_____________-___
5611-56090 COMMUNITY DEVELOPMENT
BEGINNING BALANCE 21,786.25
1/21/20 1/21 A62825 DET: 001004 21070 WEDC INVITA - ITEMS 000912 8277 DEC19 SATTER 946.92 22,733.17
1/30/20 1/30 A63411 CHK: 108491 21295 STETSON & STILETTO SPONS 002472 01222020 1,000.00 23,733.17
.,”.,•,..,,, , JANUARY ACTIVITY DB: 1,946.92 CR: 0.00 1,946.92
5611-56110 COMMUNICATIONS
2-18-2020 1237 PM DETAIL LISTING PAGE: 3
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2020 THRU Jan-2020
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 TEIRU 5611-58910
POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE --AMOUNT-- --BALANCE--
BEGINNING BALANCE 1,529.63
1/09/20 1/09 A61996 CHK: 108179 20780 INTERNET WEDC 0EC25-JAN2 004568 2101577989 DEC25-J 343.11 1,872.74
1/21/20 1/21 A62825 OFT: 001004 21070 TELFHPHONE SVC 000912 8277 DEC19 SATTER 172.21 2,044.95
1/31/20 1/31 A63466 CHIC: 108504 21313 TABLET SERVICE 001797 82249579907 227.94 2,272.89
JANUARY ACTIVITY DR: 743.26 CF2 0.00 743.26
5611-56180 RENTAL
BEGINNING BALANCE 9,592.00
1/06/20 1/06 A61692 CHK: 108089 20641 COPIER RENTAL WEDC 003509 113626 WEDC 194.00 9,776.00
1/31/20 1/31 A63467 CHIC: 108506 21313 OFFICE RENT 003231 OFFICE RENT JAN20 2,250.00 12,026.00
--- --,---,,,,----,' JANUARY ACTIVITY DB: 2,444.00 CR: 0.00 2,444.00
5611-56210 TRAVEL & TRAINING
BEGINNING BALANCE 5,991.00
1/20/20 1/20 A62753 DFT: 001001 21054 STDB LEARNG - GREINE 000912 8277 DEC19 GREINER 1,495.00 7,486.00
1/20/20 1/20 A62753 DFT: 001004 21054 TEDC - MEAL- GREINER 000912 8277 DEC19 GREINER 20,82 7,514.82
1/20/20 1/20 A62753 DFT: 001004 21054 TEDC HOTEL-GREINER 000912 8277 DEC19 GREINER 323.87 7,838,69
1/21/20 1/21 A62829 DFT: 001004 21074 BUS MTG - REAVIS 000912 8277 DEC19 WYGANT 15.03 7,853.72
1/21/20 1/21 A62825 DFT: 001004 21070 PARKING CREDIT 000912 8277 DEC19 SATTER 22.73CR 7,830,99
1/21/20 1/21 A62825 OCT: 001004 21070 BUS MTG-MCCLURE/BROK 000912 8277 DEC19 SATTER 46.34 7,877.33
1/21/20 1/21 A62825 DFT: 001004 21070 BUS MTG-CHAR. HOUK 000912 8277 DEC19 SATTER 44.57 7,921,90
1/21/20 1/21 662825 OFT: 001004 21070 BUS. MTG 000912 8277 DEC19 SATTER 38.76 7,960.66
1/21/20 1/21 A62825 DFT: 001004 21070 CUST APPRECIATION 000912 8277 DEC19 SATTER 50.00 8,010.66
1/29/20 1/29 A63301 CHK: 108467 21259 KCS BUSINESS MEETING EXP 000317 012220 274.00 8,284.66
1/29/20 1/29 A63302 CHK: 108467 21259 MEETINGS 000317 12919 115.71 8,430.37
1/31/20 1/31 C68310 RCPT 01151843 29848 (RENTER BREAKFAST REIMBURSEMEN 30.31CR 8,400,06
JANUARY ACTIVITY DB: 2,462.10 CR: 53,04CR 2,409.06
----------------------------------------________________________________-----------------------------____________________________
5611-56220 PROFESSIONAL TRAINING
BEGINNING BALANCE 0.00
5611-56250 DUES & SUBSCRIPTIONS
BEGINNING BALANCE 9,612.48
1/29/20 1/29 A63302 CHK: 108467 21259 DUES 000317 12919 741.24 10,353.72
1/30/20 1/30 A63408 GUN: 108498 21295 WYLIE NEWS - SUBSC, RENE 000391 0018450 33.00 10,386.72
1/30/20 1/30 A63409 CHK: 108498 21295 WYLIE NEWS - SUBSC. RENE 000391 0020509 33.00 10,419.72
1/31/20 1/31 A63463 CHK: 108505 21313 WDMA-ANNUAL DUES 001078 549 WEDC 75.00 10,494.72
.,---------- - JANUARY ACTIVITY DB: 882.24 CR: 0,00 882.24
2-18-2020 12:37 PM DETAIL LISTING PAGE: 4
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2020 THRU Jan-2020
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET-- DESCRIPTION-- VEND INV/JE # NOTE ==-=-AMOUNT----= --BALANCE====
5611-56310 INSURANCE
BEGINNING BALANCE 1,871.91
5611-5651.0 AUDIT 6 LEGAL SERVICES
BEGINNING BALANCE. 4,548.50
1/06/20 1/06 A61693 CIIK: 108091 20641 ENVIRON REVIEW DEC19 WED 004947 34236 WEDC DEC19 1,305.00 5,853.50
1/31/20 1/31 A63460 CHIC: 108499 21313 ATTY FEES-SCSD FINNELL 000023 27930081M #13 144.00 5,997,50
1/31/20 1/31 A63461 CHK: 108499 21313 ATTY FEES-WB RE 000023 2/930092M #4 144.00 6,141.50
JANUARY ACTIVITY DB: 1,593.00 CR: 0.00 1,593.00
5611-56570 ENGINEERING/ARCHITECTURAL
BEGINNING BALANCE 2,370.50
1/30/20 1/30 A63342 CHK: 108473 21285 544 WATERLINE-ENGINEERIN 000325 15953 WEDC 1,996.99 4,367.49
, -= -mm,=. JANUARY ACTIVITY DB: 1,996.99 CR: 0.00 1,996.99
5611-56610 UTILITIES-ELECTRIC
BEGINNING BALANCE 179.71
1/31/20 1/31. A63468 CHK: 108503 21313 UTILITIES - ELECTRIC 003302 1171655189 OFFC UT 95.97 275.68
1/31/20 1/31 A63468 CHK: 108503 21313 UTILITIES - ELECTRIC 003302 1171655189 OFFC UT 86.93 362.61
1/31/20 1/31 A63469 CHK: 108503 21313 UTILITIES - WATER 003302 122104001 21.05 383.66
1/31/20 1/31 A63470 CHK: 108503 21313 UTILITIES - GAS 003302 3029287066 WED 21.31 404.97
-- JANUARY ACTIVITY DB: 225.26 CR: 0.00 225.26
5611-57110 DEBT SERVICE
BEGINNING BALANCE 0.00
5611-57410 PRINCIPAL PAYMENT
BEGINNING BALANCE 58,572.34
1/10/20 1/10 A62091 OFT 000995 20808 AND LOAN PMNT-PRINC 003207 3982 JAN 20 #1 29,014.61 87,586.95
1/15/20 1/16 B68202 Fink Dft 011520 19607 JE32474 WB PKWY PMT #65 JE# 032474 12,789.01 100,375.96
1/22/20 1/24 B68307 Bnk Dft 012220 19632 JE32521 JARRARD PROP #37 JE# 032521 2,270.36 102,646.32
1./22/20 1/24 R68308 Bnk DIY_ 012220 19632 JE32522 DALLAS WHIRLPL PMT #2 JE# 032522 13,406.92 116,053.24
-- --- JANUARY ACTIVITY DR: 57,480.90 CR: 0,00 57,480.90
2-18-2020 12:37 PM DETAIL LISTING PAGE: 5
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2020 THRU Jan-2020
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAM # REFERENCE PACKET - - DESCRIPTION--- ----- VEND INV/JE # NOTE -----AMOUNT
5611 57415 INTEREST EXPENSE
BEGINNING BALANCE 74,505.00
1/10/20 1/10 A62091 OFT: 000995 20808 ANB LOAN PMNT-INTERS 003207 3982 JAN 20 #1 19,433.09 93,938.09
1/15/20 1/16 B68202 Fink Dft 011520 19607 JE32474 WB PKWY PMT #65 JE# 032474 478.92 94,417,01
1/22/20 1/24 B68307 Bnk Dft 012220 19632 JE32521 JARRARD PROP #37 JE# 032521 838.79 95,255,80
1/22/20 1/24 B68308 Bnk Dft 012220 19632 JE32522 DALLAS WHIRLPL PMT #2 JE# 032522 6,842.11 102,097.91
JANUARY ACTIVITY DB: 27,592.91 CR: 0.00 27,592,91
5611-57710 BAD DEBT EXPENSE
BEGINNING BALANCE 0.00
5611-58110 LAND-PURCHASE PRICE
B E G I W N N G 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 9,499.00
5611-58410 SANITARY SEWER
BEGINNING BALANCE 0.00
5611-58810 COMPUTER HARD/SOFTWARE
BEGINNING BALANCE 0.00
5611-58830 FURNITURE & FIXTURES
BEGINNING BALANCE 0.00
5611-58910 BUILDINGS
BEGINNING BALANCE 0.00
2-18-2020 12:37 PM DETAIL LISTING PAGE: 6
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2020 THRU Jan-2020
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET-----=DESCRIPTION------- VEND INV/JE # NOTE AMOUNT-- ------BALANCE====
000 ERRORS IN THIS REPORT!
** REPORT TOTALS ** --- DEBITS --- --- CREDITS ---
BEGINNING BALANCES: 1,173,238,10 0.00
REPORTED ACTIVITY: 349,059.44 121.29CR
ENDING BALANCES: 1,522,297,54 121.29CR
TOTAL FUND ENDING BALANCE: 1,522,176,25
M
2-18-2020 12.3r rm o a r A z L L z a c z m G eAou. �
SELECTION CRITERIA
__-_-_-_ ---_--_--~~____----~-_-___-__--_____-_--_-__-_--_--__-__-_-____-___- -__-_____-___-_-_---_-
rzocaL YEAR. ovt-uozy / aep-uozo
romo. z==l"ue. ill
poozuo TO USE. z=-zoan caun za=-uouu
rRANonn,zomo. aoca
---------------------------------------------------------~--------------------~--------------- --_---~-__---_-r-~---r___=_--_---_--
accvomr soLEcrzom
occonmr camsy. 5611-52010 raoo 5611-5e910
omPAarmmNc RANGE: - THAN -
AnrzvE FUNDS ONLY: NO
xorzvo accoomc ONLY: NO
zmcL000 aoscuznruo uC000mrs. NO
ozczr uoLorrzom.
_-_-~_=_~-__~__-_~~~_--____-_- ~----_--____-__~~~___~_-~~-__°_--_-____~~_-~_-_--_---_-__-__--_-_______-_
pmzmr oprzmxa oErazL
myzr acconmTa WITH NO Acrzvrrx: NO
ruzmT EnoowoRAmomo. NO
razmr vomono NAME: NO
razxc esuauCza. NO
razmr c`oomnL omzov mncoo. NO
rxzmc somzuLz roraLa. xos
pRzmr GRAND rnouLa: NO
ruzmr: zmvozco #
PAGE onEan BY. mvmo
°_----__~-_°_--_~_-_-_-__-__----~___--__-_°-_-~_~~~_-_~~~----___-______~_~~~-__-_~-_~_--~_~-________-____-_-___~-~_--_-__--_-_-
°°° omo OF moeomr °°°
Wylie Economic Development Corporation
Inventory Subledger
January 31, 2020
Inventory- Land
Date of Pur. 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 25,171
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 Stri 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
Wylie Economic Development Corporation
Balance Sheet Sub Ledger
January 31, 2020
Notes Payable
Date of Rate of Principal
Purchase Payment Beginning Bal. Add'I draws Principal Interest Interest Balance
January 1, 2020 6,721,749.67
ANBTX-88130976 WOODBRIDGE PKWY (#65 of 80) 8/15/14 13,267.93 213,091.02 12,789.01 478.92 2.61 200,302.01
ANBTX-88158357 DALLAS WHIRLPOOL(#2 of 120) 11/22/16 Int only-varies 1,986,417.64 13,406.92 6,842.11 4.00 1,973,010.72
JARRARD GRAYS AUTO(#37 OF 120) 12/1/16 3,109.15 223,677.52 2,270.36 838.79 4.50 221,407.16
ANBTX-88193982 ANB-BROWN&78(#1 OF 53)* 12/12/18 Int only-varies 4,298,563.49 201,436.51 29,014.61 19,433.09 5.25 4,470,985.39
January 31, 2020 $57,480.90 $27,592.91 $6,865,705.28
WYLIE ECONOMIC DEVELOPMENT CORPORATION
SALES TAX REVENUE
FOR THE MONTH OF FEBRUARY 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 276,698 275,668 307,367 362,129 54,763 19.79%
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 $807,313 $61,330 8.22%
AUDIT ADJ
TOTAL $2,627,376 $2,562,759 $2,920,137 $807,313 $61,330 8.22%
WEDC SALES TAX ANALYSIS
$400,000 , . _, ._ . __
$350,000 ---- ----1
$300,000 - ---- -
$250,000
$200,000
$150,000 - .. __ � 3
$100,000 -
$50,000 .
a) Z 2' r = a N y a
0 - Q a O z
a)
ylie cono is I evelop ent orporation
E • - A •
TO: WEDC Board of Directors
47
FROM: Jason Greiner, Executive Director
)
SUBJECT: WB Real Estate
DATE: February 17, 2020
Issue
Consider and act upon authorizing the WEDC Board President to execute all documentation
necessary to effectuate the transaction between the WEDC and WB Real Estate for the sale of a
1.4-acre property located on Highway 78.
Analysis
On September 24, 2019, a motion of made to authorize the WEDC Executive Director to execute
a Purchase and Sale Agreement between the WEDC and WB Real Estate for the sale of a 1.4-
acre property located on Highway 78.
Due to unforeseen scheduling conflicts with the projected closing date of Thursday, February 20
staff is requesting that the Board authorize President Dawkins to execute all documentation
necessary to effectuate the transaction between the WEDC and WB Real Estate.
Recommendation
Staff recommends that the WEDC Board of Directors approve the motion.
ylie cono I lc evelop ent Con oration
'
E • A • U
TO: WEDC Board of Directors
FROM: Jason Greiner, Executive Direct.
0 L.
SUBJECT: WEDC Bylaws
DATE: February 17, 2020
Issue
Consider and act upon amending the WEDC Bylaws.
Analysis
As previously discussed, a Resolution was presented to Council which limited Board and
Commission Members to serving no more than three (3) consecutive terms. In the case of the
WEDC, that limitation would equate to nine consecutive years assuming two consecutive
reappointments. Staff anticipates that Council will ultimately provide direction to the Board,
being that the Board serves at the will of the Council, that a three consecutive term limitation is
in the best interest of the City. The Board could take formal action to change the Bylaws today or
at the next Regular Meeting in March. Following said approval, those amended Bylaws will be
presented to Council for consideration in March.
Recommendation
Staff has no recommendation as this Item is for discussion only.
Attachment
WEDC Bylaws
FIRST AMENDED BYLAWS
OF
WYLIE ECONOMIC DEVELOPMENT CORPORATION
A NON-PROFIT CORPORATION
WYLIE, TEXAS
SECTION I
OFFICES
1.01 Rcgi tered Office and 1giriAgn1
The Corporation shall have and continuously maintain in the State of Texas a registered
Office, and a registered agent whose Office is identical with such registered Office, as required
by the Texas Non-Profit Corporation Act. The Board of Directors may, from time to time,
change the registered agent and/or the address of the registered office,provided that such change
is appropriately reflected in these Bylaws and in the Articles of Incorporation.
The registered office of the Corporation is located at, 108 W. Marble, Wylie, Texas
75098, and at such address is the Corporation, whose mailing address is P.O. Box 1467, Wylie,
Texas 75098. The registered agent of the Corporation shall be the President of the Corporation.
1. 2 Prin i al ffic
The principal office of the Corporation in the State of Texas shall be located in the City
of Wylie, County of Collin, and it may be,but need not be,identical with the registered office of
the Corporation.
SECTION II
PURPOSES
2.01 Purposes
The Corporation is a non-profit corporation specifically governed by Section 4A of
Tex.Rev.Civ.Stat.art. 5190.6, as amended from time to time, (the "Texas Development
Corporation Act of 1979"). The purpose of the Wylie Economic Development Corporation, is to
promote and develop industrial and manufacturing enterprises to promote and encourage
employment and the public welfare,in accordance with the Articles of Incorporation.
Amended
5/25/99
SECTION III
ME I:ERS
3.01 Members
The Corporation shall have no members.
SECTION W
BOARD OF DIRECTORS
4.01.Board of Dime ors
The business and affairs of the Corporation and all corporate powers shall be exercised by
or under authority of the Board of Directors (the "Board"), appointed by the governing body of
the City of Wylie, and subject to applicable limitations imposed by the Texas Non-Profit
Corporation Act, the Development Corporation Act of 1979, the Articles of Incorporation, and
these Bylaws. The Board may, by contract, resolution, or otherwise, give general or limited or
special power and authority to the officers and employees of the Corporation to transact the
general business or any special business of the Corporation, and may give powers of attorney to
agents of the Corporation to transact any special business requiring such authorization.
The Board may plan and direct its work through a Director of Economic Development,
who will be charged with the responsibility of carrying out the Corporation's program as adopted
and planned by the Board. The Board may contract with another entity for the services of a
director.
4.02 Number and Qualifications
The authorized number of Directors of this Board shall be five(5).
The Directors of the Corporation shall be appointed by and serve at the pleasure of the
Wylie City Council. The number of Directors shall be five(5). Each Director shall meet at least
one(1)of the following qualifications:
(a) serve, or have served, as Chief Executive Officer of a company; or
(b) serve, or have served, in a position of executive management of a company; or
(c) serve, or have served,in a professional capacity.
2
Amended
5/25/99
In addition to the above qualifications:
(1) each Director must have lived in the City Limits or operated a business in
the City Limits for a minimum of one(1)year; and
(2) each Director must live in the City Limits during the tenure of office.
The City Council shall consider an individual's experience, accomplishments, and
educational background in appointing members to the Board to ensure that the interests and
concerns of all segments of the community are considered. The Board may make
recommendations of individuals to the council for appointment to the Board.
4.03 Bonds and Insurance
(1) The corporation shall all provide a General Liability Policy, including Board
Members, and a Public Officials Liability Policy for Board Members of not less than one million
dollars ($1,000,000). The corporation shall also provide a Fidelity Bond covering all employees
and Board Members of not less than one hundred thousand dollars ($100,000.00). The bonds
and insurance referred to in this section shall be considered for the faithful accounting of all
moneys and things of value coming into the hands of the offices. The bonds and insurance shall
be obtained from accredited, surety, and insurance companies authorized to do business in the
State of Texas.
(2) All premiums for the liability insurance and fidelity bonds will be maintained and
funded at the total expense of the corporation. Copies of bonds and insurance policies shall be
filed with the City Secretary, and furnished to the corporation and Board Members.
4.Q4 General Duties of the Board
1. The Board shall develop an overall economic development plan for the City
which shall include and set forth intermittent and/or short term goals which the Board deems
necessary to accomplish compliance with its overall economic development plan. Such plan
shall be approved by the City Council of the City of Wylie. The overall development plan
developed by the Board shall be one that includes the following elements:
a. An economic development strategy to permanently bolster the business
climate throughout the city.
b. Strategies to fully utilize the assets of the city which enhance economic
development.
c. Identification of strategies to coordinate public, private, military and
academic resources to develop and enhance business opportunities for all
citizens of Wylie. This plan shall include methods to improve
communication and cooperation between the above mentioned entities.
3
Amended
5/25/99
d. Assurance of accountability of all tax moneys expended for the
implementation of the overall economic development plan.
e. Identification of strategies and provide for implementation of identified
strategies for direct economic development as defined in this Section.
f. An annual work plan outlining the activities, tasks, projects and programs
to be undertaken by the Board during the upcoming fiscal year.
g. To assist the Board in the implementation of the overall economic
development plan, the Board may seek out and employ a Director of
Economic Development, The Director of Economic Development shall be
responsible to the Board and shall act as the Board's chief administrative
officer and shall assist the Board in carrying out the duties of the Board as
set forth in this section. The Board shall, in the annual budget, make
provisions for the Compensation to be paid to the Director of
Economic Development and such compensation so established by the
Board shall comprise the salary and benefits paid to the Director of
Economic Development for his/her services
h. The Director of Economic Development shall be hired by the Board and
may be removed by a vote of 3 members of the Board.
2. The Board shall review and update its overall economic development plan from
time to time to ensure that said plan is up to date with the current economic climate and is
capable of meeting Wylie's current economic development needs.
3. The Board shall expend,in accordance with State law,the tax funds received by it
on direct economic development where such expenditures will have a direct benefit to the
citizens of Wylie.
As used in the article "direct economic development" shall mean the expenditure
of such tax funds for programs that directly accomplish or aid in the accomplishment of creating
identifiable new jobs or retaining identifiable existing jobs including job training andior planning
and research activities necessary to promote said job creation. The Corporation's focus will be
primarily in the areas of:
a. Business retention and expansion
b. Business attraction
4
Amended
5/25/99
4, The Wylie Economic Development Corporation shall make reports to the City
Council of the City of Wylie. The Wylie Economic Development Corporation shall discharge
this requirement by reporting to the City Council in the following manner:
a. The Wylie Economic Development Corporation shall make a detailed
report to the City Council once each year. Such report shall include, but
not be limited to,the following:
1. A review of all expenditures made by the Board in connection with
their activities involving direct economic development as defined
in this article, together with a report of all other expenditures made
by the Board.
2, A review of the accomplishments of the Board in the area of direct
economic development.
3. The policies and strategy followed by the Board in relation to
direct economic development together with any proposed changes
in such activities.
4. A review of the activities of the Board in areas of endeavor other
than direct economic development together with any proposed
changes in such activities.
S. The annual required report shall be made to the City Council no
later than January 31 of each year.
6. The annual report shall be considered by the City Council for its
review and acceptance.
b. The Board shall be regularly accountable to the City Council for all
activities undertaken by them or on their behalf, and shall report on all
activities of the Board, whether discharged directly by the Board or by any
person, firm, corporation, agency, association or other entity on behalf of
the Board. This report shall be made by the Board to the City Council
semi-annually with the first report being made each succeeding six (6)
months. The semi-annual report shall include the following:
1. Accomplishments to date as compared with the overall plan or
strategy for direct economic development.
2. Anticipated short term challenges during the next semi-annual
reporting period together with recommendations to meet such short
term challenges.
5
Amended
5/25/99
3. Long term issues to be dealt with over the succeeding twelve-
month period or longer period of time, together with
recommendations to meet such issues with emphasis to be placed
on direct economic development.
4. A recap of all budgeted expenditures to date, together with a recap
of budgeted funds left unexpended and any commitment made on
said unexpended funds.
The Development Corporation of Wylie, Inc. is authorized to do that which the Board
deems desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.04
of these Bylaws and in accordance with State law.
4.06 Tenure
The initial terms of office for the Directors shall be two (2) Directors with three (3) year
terms, two (2) Directors with two (2) year terms, and one (1) Director with a one (1) year term,
as designated by the Mayor and City Council. After the initial term of office, the Directors shall
serve for three(3)years, and Directors may serve for an unlimited number of consecutive terms.
4.07 leetin s• • smduct
The Board shall attempt to meet at least once each month within the city of Wylie, at a
place and time to be determined by the President. All meetings of the Board shall provide notice
thereof as provided and as required by the Texas Open Meetings Act. Any member of the Board
may request that an item be placed on the agenda by delivering the same in writing to the
secretary of the Board prior to the posting of the notice required by the Texas Open Meetings
Act. The President of the Board shall set regular meeting dates and times at the beginning of
his/her term. Special Meetings may be called by ny member of the Board in accordance with
the provisions of the Texas Open Meetings Act.
The notice shall contain information regarding the particular time, date, and location of
the meeting and the agenda to be considered. All meetings shall be conducted in accordance
with the Texas Open Meetings Act.
The annual meeting of the Board of Directors shall be held in January of each year.
The Board may retain the services of a recording secretary if required.
6
Amended
5/25/99
Regular attendance of the Board meetings is required of all Members. The following
number of absences may require replacement of a member: three (3) consecutive absences, or
attendance reflecting absences constituting 50% of the meetings over a 12-month period. In the
event replacement is indicated, the member will be counseled by the President and, subsequently,
the President shall submit in writing to the City Secretary the need to replace the Board member
in question. Any vacancy on the Board shall be filled by appointment by the City Council of a
new member or members meeting the qualifications set out in Section 4.02 above.
4
A majority of the entire membership of the Board of Directors shall constitute a quorum
and shall be required to convene a meeting. If there is an insufficient number of Directors
present to convene the meeting,the presiding officer shall adjourn the meeting.
4.11 onvensa
The duly appointed members of the Board shall serve without compensation, but shall be
reimbursed for actual or commensurate cost of travel, lodging and incidental expense while on
official business of the Board in accordance with State law.
4,12 Voting;Action of the Board of Directors
Directors must be present in order to vote at any meeting. Unless otherwise provided in
these Bylaws or in the Articles of Incorporation or as required by law, the act of a simple
majority present shall be the act of the Board of Directors. In the event that a Director is aware
of a conflict of interest or potential conflict of interest, with regard to any particular vote, the
Director shall bring the same to the attention of the meeting and shall abstain from the vote,
unless the Board determines that no conflict of interest exists. Any Director may bring to the
attention of the meeting any apparent conflict of interest or potential conflict of interest of any
other Director, in which case the Board shall detei mine whether a true conflict of interest exists
before any vote shall be taken regarding that particular matter. The Director as to whom a
question of interest has been raised shall refrain from voting with regard to the determination as
to whether a true conflict exists.
In accordance with State law, the City Council shall require that the Wylie Economic
Development Corporation be responsible to it for the proper discharge of its duties assiyi ed in
this article. The Board shall determine its policies and direction within the limitations of the
duties herein imposed by applicable laws, the Articles of Incorporation, these Bylaws, contracts
entered into with the City, and budget and fiduciary responsibilities.
7
Amended
5/25/99
4t4Board's RelationthiipwithAdministrativeDcartments of the City
Any request for services made to the administrative departments of the City shall be made
by the Board of its designee in writing to the City Manager, The City Manager may approve
such request for assistance from the Board when he finds such requested services are available
within the administrative departments of the City and that the Board has agreed to reimburse the
administrative depaitnient's budget for the costs of such services so provided.
SECTION V
OFFICERS
5.0,1 Officers of the Corporation
The elected officers of the Corporation shall be a President, Vice President, Secretary,
and Treasurer. The Board may resolve to elect one or more Assistant Secretaries or one or more
Assistant Treasurers as it may consider desirable. Such officers shall have the authority and
perform the duties of the office as the Board may from time to time prescribe or as the Secretary
or Treasurer may from time to time delegate to his or her respective Assistant. Any two (2) or
more offices may be held by the same person, except the offices of President and Secretary.
5.02 Selection of Officers
The President and Vice President shall be elected by the Board and shall serve a term of
one (1) year. On the expiration of the terra of office of the President and Vice President, the
Board shall select from among its Members individuals to hold such office. The term of office of
the President and Vice President shall always be for a period of one year; provided,however,that
the President and Vice President continue to serve until the election of their successors.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold
office for a period of one (1) year; provided, however, that they shall continue to serve until the
election of their successors. Elections shall be held at the annual meeting of the Board.
Any officer meeting the qualifications of these Bylaws may be elected to succeed himself
or to assume any other office of the Corporation.
5.03 Vacancies
Vacancies in any office which occur by reason of death, resignation, disqualification,
removal, or otherwise, shall be filled by the Board of Directors for the unexpired portion of the
term of that office in the same manner as other officers are elected to office.
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r _ident
The President shall be the presiding officer of the Board with the following authority:
1. Shall preside over all meetings of the Board.
2. Shall have the right to vote on all matters coming before the Board.
3. Shall have the authority, upon notice to the members of the Board, to call
a special meeting of the Board when in his judgment such meeting is
required.
4. Shall have the authority to appoint standing committees to aid and assist
the Board in its business undertakings of other matters incidental to the
operation and functions of the Board.
5, Shall have the authority to appoint ad hoc committees which may address
issues of a temporary nature or concern or which have a temporary affect
on the business of the Board.
In addition to the above mentioned duties, the President shall sign with the Secretary of
the Board any deed, mortgage, bonds, contracts, or other instruments which the Board of
Directors has approved and unless the execution of said document has been expressly delegated
to some other officer or agent of the Corporation by appropriate Board resolution, by a specific
provision of these Bylaws, or by statute. In general, the President shall perform all duties
incident to the office, and such other duties as shall be prescribed from time to time by the Board
of Directors.
5.05 Vice President
In the absence of the President, or in the event of his or her inability to act, the Vice
President shall perform the duties of the President. When so acting, the Vice President shall have
all power of and be subject to all the same restrictions as upon the President. The Vice President
shall also perform other duties as from time to time may be assigned to him or her by the
President.
5.06 Secretary
The Secretary shall keep or cause to be kept, at the registered office a record of the minutes of all
meetings of the Board and of any committees of the Board. The Secretary shall also file a copy
of said Minutes with the City and the same to be given, in accordance with the provisions of
these Bylaws, or as required by the Texas Open Meetings Act or the Texas Open Records Act or
other applicable law. The Secretary shall be custodian of the corporate records and seal of the
Corporation, and shall keep a register of the mailing address and street address, if different, of
each director.
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5A)7 Irma=
The Treasurer shall be bonded for the faithful discharge of his/her duties with such surety
or sureties and in such sum as the Board of Directors shall determine by Board resolution, but in
no event shall the amount of such bond be less than an amount equal to the average of the sums
which the Treasurer has access to and the ability to convert during a twelve (12)month period of
time. The Treasurer shall have charge and custody of and be responsible for all funds and
securities of the Corporation. The Treasurer shall receive and give receipt for money due and
payable to the Corporation from any source whatsoever, and shall deposit all such moneys in the
name of the Corporation in such bank, trust corporation, and/or other depositories as shall be
specified in accordance with Article VII of these Bylaws. The treasurer shall, in general,perform
all the duties incident to that office, and such other duties as from time to time assigned to him
by the President of the Board.
5.08 Assistant Secretaries and Assistant Treasurers
The Assistant Secretaries and Assistant Treasurers,if any, shall in general,perform such
duties as may be assigned to them by the Secretary or the Treasurer, or by the President of the
Board of Directors.
Development
The Corporation may employ a Director of Economic Development. The Director of
Economic Development shall serve as the Chief Executive Officer of the Corporation and shall
oversee all administrative functions of the Corporation. The Director shall develop policies and
procedures for the Corporation including financial, accounting, and purchasing policies and
procedures to be approved by the Board and City Council.
5-1.20 Other Employees
The Corporation may employ such full or part-time employees as needed to carry out the
programs of the Corporation.
5.1_1 Contracts for Services
The Corporation may, contract with any qualified and appropriate person, association,
corporation or governmental entity to perform and discharge designated tasks which will aid or
assist the Board in the performance of its duties. However, no such contract shall ever be
approved or entered into which seeks or attempts to divest the Board of Directors of its discretion
and policy-making functions in discharging the duties herein above set forth in this section.
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SECTION VI
CO 1 1 EES
6.01 Qualifications for Comniitte Mtnikerahip
Members of committees shall be appointed by the President, and approved by the Board.
Committee members need not be members of the Wylie Economic Development Corporation
unless required by these Bylaws or Board resolution.
6.02 Stand'• Committees
The President shall have authority to appoint the following standing committees of the
Board and such other committees as the Board may deem appropriate in the future:
1. Budget, Finance and Audit Committee: This committee shall have the responsibility of
working with the Director, or the contractual entity performing as Director as the case may be, in
the formation and promotion of the annual budget of the Board. The Committee shall present
such budget to the Board and, upon approval, shall present, in accordance with these Bylaws,
said budget to the City Council. In addition to the preparation of the budget,the committee shall
keep the Board advised in such matters. The Committee shall further have the responsibility to
oversee and work with auditors of the City or outside auditors when audits of the Board are being
performed.
2. Committee for Business Retention and Expansion: This committee shall work with the
Director of Economic Development and shall keep the Board informed of all development and
activities concerning business retention and expansion.
3. Committee for New Business Attraction and Recruitment: This committee shall work
with the Director of Economic Development and shall keep the Board informed of all
developments and activities concerning business attraction and recruitment.
Q3Sp.cciaJ Conrirnittw
The President may determine from time to time that other committees are necessary or
appropriate to assist the Board of Directors, and shall designate, subject to Board approval, the
members of the respective committees.
No such committee shall have independent authority to act for or instead of the Board of
Directors with regard to the following matters: amending, altering, or repealing the Bylaws;
electing, appointing, or removing any member of any such committee or any Director or Officer
of the Corporation; amending the Articles of Incorporation; adopting a plan of merger or
adopting a plan of consolidation with another corporation; authorizing the sale, lease, exchange,
or mortgage of all or substantially all of the property and assets of the Corporation; authorizing
the voluntary dissolution of the Corporation or revoking the proceedings thereof; adopting a plan
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for the distribution of the assets of the Corporation; or amending, altering, or repealing any
resolution of the Board of Directors which by its terms provides that it shall not be amended,
altered, or repealed by such committee.
The designation and appointment of any such committee and delegation to that
committee of authority shall not operate to relieve the Board of Directors, or any individual
Director, of any responsibility imposed on it or on him/her by law or these Bylaws.
6.04 Term of Committee u ibera
Each member of a committee shall continue as such until the next appointment of the
Board of Directors and until his or her successor on the committee is appointed, unless the
committee shall be sooner terminated or unless such member has ceased to serve on the Board of
Directors,or unless such member be removed from such committee.
Any committee member may be removed from committee membership by the President,
with Board approval,whenever in their judgment the best interests of the Corporation would be
served by such removal.
6.05 Vacancies cm Co 'tteea
Vacancies in the membership of any committee may be filled in the same manner as
provided with regard to the original appointments to that committee.
6ExOfficoMembes•
The City Manager or his designee and the Mayor or his designee may attend all meetings
of the Board of Directors or Committees. These representatives shall not have the power to vote
in the meetings they attend. Their attendance shall be for the purpose of ensuring that
information about the meeting is accurately communicated to the City Council and to satisfy the
City Council obligation to control the powers of the Corporation.
SECTION VII
FINANCIAL ADMINISTRATION
The Corporation may contract with the City for financial and accounting services. The
Corporation's financing and accounting records shall be maintained according to the following
guidelines:
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Fiscal •
The fiscal year of Corporation shall begin on October 1 and end on September 30 of the
following year.
7.02 Budget
A budget for the forthcoming fiscal year shall be submitted to, and approved by, the
Board of Directors and the City Council of the City of Wylie. In submitting the budget to the
City Council, the Board of Directors shall submit the budget on forms prescribed by the City
Manager and in accordance with the annual budget preparation schedule as set forth by the City
Manager. The budget shall be submitted to the City Manager for inclusion in the annual budget
presentation to the City Council.
7.03 Contracts
As provided in Article V above,the President and Secretary shall execute any contracts or
other instruments which the Board has approved and authorized to be executed, provided,
however, that the Board may by appropriate resolution authorize any other officer or officers or
any other agent or agents, including the Director of Economic Development, to enter into
contracts or execute and deliver any instrument in the name and on behalf of the Corporation.
Such authority may be confined to specific instances or defined in general terms. When
appropriate, the Board may grant a specific or general power of attorney to carry out some action
on behalf of the Board, provided, however that no such power of attorney may be granted unless
an appropriate resolution of the Board authorizes the same to be done.
7.04 Checks and Drafts
All checks, drafts, or orders for the payment of money, notes, or other evidences of
indebtedness issued in the name of the Corporation shall be signed or bear the facsimile of the
President or the Treasurer, or such other person as designated by the Board.
7.05 Deposits
All funds of the Wylie Economic Development Corporation shall be deposited on a
regular basis to the credit of the Corporation in a local bank which shall be federally insured.
7.06 Gifts
The Wylie Economic Development Corporation may accept on behalf of the Corporation
any contribution, gift, bequest, or devise for the general purposes or for any special purpose of
the Corporation.
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Purchasing
All purchases made and contracts executed by the Corporation shall be made in
accordance with the requirements of the Texas Constitution and statutes of the State of Texas.
7.08 Investm-•
Temporary and idle funds which are not needed for immediate obligations of the
Corporation may be invested in any legal manner provided in Tex.Rev.Civ.Stat.Ann.Art. 842a-2
(Public Funds Investment Act).
7.09 Bonds
Any bonds issued by the Corporation shall be in accordance with the statute governing
this corporation but in any event, no bonds shall be issued without approval of the City Council
after review and comment by the city's bond counsel and financial advisor.
7.10 Ucomnntted F I
Any uncommitted funds of the Corporation at the end of the fiscal year shall be
considered a part of the Fund Balance.
The Undesignated Fund Balance may be committed for any legal purpose provided the
Corporation's Board of Directors and the City Council both approve such commitment. This
may include the establishment of a Permanent Reserve Fund which shall be accumulated for the
purpose of using the interest earnings of such fund to finance the operation of the Corporation.
SECTION VIII
BOOKS AND RECORDS
8.01 Books and Records
The Corporation shall keep correct and complete books and records of all actions of the
Corporation, including books and records of account and the minutes of meeting of the Board of
Directors and of any committee having any authority of the Board and to the City Council. All
books and records of the Corporation may be inspected by Directors of the Corporation or his/her
agent or attorney at any reasonable time; and any information which may be desituated as public
information by law shall be open to public inspection at any reasonable time. The Texas Open
Records Act and Open Meetings Act shall apply to disclosure of public information. The Board
of Directors shall provide for an annual financial audit to be performed by a competent
independent audit firm.
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8.02 Monthly Report
The Corporation shall provide the City Council monthly summaries of proposed dispersal
of funds for anticipated projects, and funds that are dispersed over$50,000.00.
SECTION IX
SEAL
9.01 Seal
The Board of Directors shall obtain a corporate seal which shall bear the words "Wylie
Economic Development Corporation"; the Board may thereafter use the corporate seal and may
later alter the seal as necessary without changing the corporate name; but these Bylaws shall not
be construed to require the use of the corporate seal.
SECTION X
PROGRAM
1 0.0 1 Authorization
The Corporation shall carry out its program subject to its Articles of Incorporation and
these Bylaws, and such resolutions as the Board may from time to time authorize.
10,02 Progr.
The program of the Wylie Economic Development Corporation shall be to assist,
stimulate, and enhance economic development in Wylie, Texas, subject to applicable State and
Federal law,these Bylaws, and the Articles of Incorporation.
SECTION XI
PARLIAMENTARY AUTHORITY
11.01 Amendments to Bylaws
These Bylaws may be amended or repealed and new Bylaws may be adopted by an
affirmative vote of four (4) of the authorized Directors serving on the Board, at a special or
regular meeting of the Directors held for such specific purpose, and the notice requirements
stated herein above regarding special and regular meetings shall apply. The Directors of the
Corporation present at a properly called meeting of the Board may, by a vote of four (4), in
accord with the requirements of Article IV herein above, amend or repeal and institute new
15
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Bylaws, provided that at least ten (10) days prior to the meeting, written notice setting forth the
proposed action shall have been given to the directors, and public notice regarding such action
given according the requirements of the Texas Open Meetings Act.
Notwithstanding the foregoing, no amendment shall become effective unless the City
Council approves the amendment.
SECTION XII
DISSOLUTION
12.01 Dissolution
On petition of ten (10) percent or more of the registered voters of the City of Wylie
requesting an election on the dissolution of the Corporation, the City Council shall order an
election on the issue. The election must be conducted according to the applicable provision of
the Election Code. The ballot for the election shall be printed to provide for voting for or against
the proposition:
"Dissolution of the"Wylie Economic Development Corporation"
If a majority of voters voting on the issue approve the dissolution, the Corporation shall continue
operations only as necessary to pay the principal of and interest on its bonds and to meet
obligations incurred before the date of the election and, to the extent practicable, shall dispose of
its assets and apply the proceeds to satisfy those obligations. When the last of the obligations is
satisfied, any remaining assets of the Corporation shall be transferred to the City, and the
Corporation is dissolved.
SECTION XIII
INDEMNITY
13.01 Indemnity
The Board of Directors shall authorize the Corporation to pay or reimburse any current or
former Director or Officer of the Corporation for any costs, expenses, fines, settlements,
judgments, and other amounts, actually and reasonably incurred by such person in any action,
suit, or proceeding to which he or she is made a party by reason of holding such position as
Officer or Director; provided, however, that such Officer or Director shall not receive such
indemnification if he/she be finally adjudicated in such instance to be guilty of negligence or
misconduct in office. The indemnification herein provided shall also extend to good faith
expenditures incurred in anticipation of, or preparation for, threatened or proposed litigation.
The Board of Directors may, in proper cases, extend the indemnification to cover the good faith
settlement of any such action, suit, or proceedings, whether formally instituted or not.
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SECTION XIV
MIS CELL •OUS
14.01 Relation to Articles of Iticorporation
These Bylaws are subject to, and governed by, the Articles of Incorporation and
applicable State statutes under which the Corporation is organized.
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ylie Econo ic I evelop ent Corporation
E 0 - ANDlli
TO; WEDC Board of Directors
FROM: Jason Greiner, Executive Direct()
SUBJECT: Staff Report
DATE: February 13, 2020
Issue
Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel
Occupancy Tax, Redevelopment Updates & Engineering Services, ANB Loan, Impact
DataSource, Agenda Structure, Meeting Dates, upcoming events, and regional housing starts.
As a reminder to Board members, the Board may not discuss an item which is not specifically
identified on the agenda.
WEDC Per brmance A rreetnent Summary
Attached for the Board's review is a summary of all outstanding Performance Agreements.
Woodbridge Centre
Within the Kroger-anchored center, $16,755.57 in sales tax was generated in November 2019 with
$4,188.89 subject to reimbursement.November 2019 sales tax represents a 14% 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 November $18,612.09 was received with all 3 hotels reporting. This
figure represents 28% increase over 2018 receipts.
Regional Housing Starts
Forty-five homes were permitted in Wylie for the month of January 2020. Sachse, Murphy and
Lavon permitted a combined seventeen with Inspiration permitting eighteen.
No action is requested by staff for this item.
Attachments
Performance Agreement Summary
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. T 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 $1 ,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
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. 12/31/2023 $6,933
Additional Incentive: Company qualifies for a $500
reimbursement incentive for each employoee L
;created, staffed and maintained at the facility Up to
!beyond the 30 required for Incentive 1. 12/31/2023 $18,000
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; 10/31/2020
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
Outstanding Performance Agreement Summary
Sales tax
Phase II -CO for 120,600 sf retail space (completed) 3/31/2014 reimburse quarterly
Sales tax
Phase III -CO for 127,600 sf retail space (completed) 3/31/2017 reimburse quarterly
Sales tax
� I
reimburse
ending
earlier of
$1.1 mmI
paid or 10 Cumulative incentive not to
years from exceed $1.1 mm.
Start Date Reimbursement
Phase IV-CO for 134,600 sf retail space (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 7/31/2019 $15,600 Paid
lb. CO for a 10,140 sf expansion at 216 Windco Cir. 7/31/2019 $21,500 Paid
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
Outstanding Performance Agreement Summary
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
$51,324 --
$19,311
1.b. 1. Certificate of Occupancy, 11,200 Sq ft paid to
building; 2. receipt of documentation supporting Company;
construction of a gas line at the easternmost $32,013
property line at a cost of not less than $39,885; 3. paid to
letter from Atmos Energy asserting that Company's
improvements installed to Atmos standards and Utility
available to other customers. 8/1/2018 Contractor Paid
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
Outstanding Performance Agreement Summary
3. Minimum valuation of$1,200,000 for real and
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
lin 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 annually Forgiveness#1-2-24-17
beginning 1-31-17 in equal amounts of$70,000 for 5 Forgiveness#2 -2-24-18
years. 2017-2021 $350,000 Forgiveness#3 -2-24-19
North Dallas Wylie Land Investors 1) Obtain a building permit for the Facility from the
(OSD) 1City of Wylie no later than April 1, 2020; and
obtain a 'Permit Fee Receipt' paid in full from the
!City of Wylie for development fees, and
(certificate of Occupancy for an 8,000 square foot
medical office building, and;
provide documentation supporting a minimum
project cost of$2,300,000 evidenced by paid
invoices, and; current on all ad valorem taxes
4/1/2021 $60,000
2. 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 continuous
operation of facility through 1 year anniversary date
of CO. 4/1/2022 $20,000
Outstanding Performance Agreement Summary
3. 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 continuous
operation of facility through 1 year anniversary date
of CO. 4/1/2023 $20,000
4. Minimum valuation of$1,200,000 for real and
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. 4/1/2024i $20,000.00
SAF Holland A. Tax Incentive:
Maintain on property,taxable personal property
50%of BPP
owned by company valued at or above$14,375,324 tax paid in
(Tax Threshold). excess of
Tax
1/31/2019 Threshold, Paid
Maintain on property,taxable personal property
gowned by company valued at or above$14,375,324
(Tax Threshold). 1/31/2020 Paid
Maintain on property,taxable personal property
gowned by company valued at or above$14,375,324
(Tax Threshold). 1/31/2021
B. Employee Incentive:
I '
Employ up to 45 full-time employees over 133
(Employee Threshold). One time payment of$1,000 $1,000/emp
per new employee added. First Amendment- BPP over Paid-Incentive Obligation
valuation requirement waived (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$1,000 over
per new employee added. 12/31/2018 Threshold n/a
Outstanding Performance Agreement Summary
Employ up to 45 full-time employees over 133 $1,000/emp
(Employee Threshold). One time payment of$1,000 over Not to exceed$45,000
per new employee added. 12/31/20191Threshold total incentive.
Savannah 1. 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
Permit Fee Receipt from the City of Wylie; and
proof of Certificate of Occupancy for a 9,000-square
foot medical office building from the City of Wylie by
August 1, 2021; and documentation 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 current on
Ad valorem property taxes.
$45,000
2. Ongoing operations of Tenant Health Resources
and/or its affiliates; and current on Ad valorem
(property taxes. $45,000
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
Regional Housing Permits
Wylie Lavon
12 13 14 15 16 17 18 19 20
16 18 14 46 9 15 41 28 45 Jan 4 5 4 6 2 12 2 3
lb 22 14 20 31 4 36 54 27 Feb 2 5 11 6 5 1 7 0
Mir 18 17 30 31 43 33 61 26 Mar 6 3 17 8 3 0 1 1
29 38 10 57 41 70 49 37 Apr 12 24 7 11 1 1 17 0
Ma 20 22 26 68 101 45 48 40 May 0 9 17 4 4 11 7 0
Jun 13 11 9 57 58 98 47 33 Jun 2 5 12 5 1 7 15 0
19 18 29 36 34 60 63 56 Jul 3 1 14 12 1 1 11 0
Aug 20 19 19I 30 25 11 50 37 Aug 6 3 1 5 0 12 0 0
los 15 8 17 24 18 46 23 37 Sep 7 6 2 7 0 5 9 0
eLt 28 30 21 32 26 33 45 27 Oct 2 1 9 5 0 0 7 2
Noy 14 18 20 33 11 42 34 28 Nov 3 2 1 2 0 14 3 0
16 23 65 38 39 18 16 33 Dec 1 4 5 6 0 40 0 30
ToTAL 230 236 280 483 409 507 531 409 45 TOTAL 48 68 100 77 17 104 79 36 1
Murphy Sachse
12 13 14 15 16 17 18 19 20 12 13 14 15 16 17 18 19 20
Jan 7 26 13 1 12 5 0 0 8 Jan 8 13 18 14 16 4 15 6 8
Feb 14 4 5 5 4 2 6 0 Feb 11 8 29 17 31 15 9 5
Mar 6 6 8 4 5 4 0 3 Mar 12 1 13 24 31 23 5 4
Apr 10 23 1 3 8 1 0 24 Apr 4 13 17 12 24 15 2 1
May 14 7 7 2 2 0 0 10 May 17 10 21 6 21 15 9 4
Jun 19 15 6 7 4 0 0 4 Jun 17 14 16 38 25 14 3 1
Jul 16 7 22 4 2 8 1 10 Jul 14 15 30 12 22 17 4 4
Aug 13 15 16 2 21 0 0 4 Aug 19 10 29 41 32 8 6 6
Sep 10 10 3 3 6 0 0 2 Sep 12 17 23 27 20 3 2 2
Oct 16 16 4 0 2 0 0 4 Oct 15 25 18 31 29 10 6 4
r
Nov 17 5 5 2 6 0 1 5 Nov 9 12 27 26 12 6 6 3
Dec 7 15 4 0 1 1 5 9 Dec 10 11 39 12 11 2 3 5
TOTAL 149 149 94 33 73 21 13 75 8 TOTAL 148 149 280 260 274 132 70 45 8
Inspiration
-. u_ s.r i -y I -. • ►.
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
20 18 18
ylie cono ic I evelo s ent Corporation
E O - A DU
TO: WEDC Board of Directors
FROM: Jason Greiner, Executive Direct r
SUBJECT: Future Agenda Items
DATE: February 13, 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.