04-22-2020 (WEDC) Agenda Packet T ` 9 NOTICE OF MEETING
ECONOMIC DEVELOPMENT CORPORATION
Regular Meeting Agenda
April 22, 2020— 8:30 A.M.
Via Telephone Conference
Telephone: -1.85 7m444.6500
Link: eoin.mv/664-943-500
Conference ID: 664-943-500#
Demond Dawkins President
John Yeager Vice President
Melisa Whitehead Secretary
Gino Mulligi 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
An emergency and urgent public necessity exists because of the COVID-19 pandemic, making it
difficult or impossible for a quorum of the WEDC Board to convene at one location and/or making
it inconsistent with guidance from the Centers for Disease Control and Prevention and
guidance/orders from the State of Texas, Collin County and Dallas County for members of the
public to congregate at the meeting location.
Accordingly, a quorum or more of the WEDC Board will conduct this meeting via telephone
conference pursuant to the Texas Governor's Order temporarily suspending certain provisions of
the Texas Open Meetings Act and guidance received from the Texas Attorney General's Office.
Any member of the public wishing to participate in the meeting should use the following dial-in
number at L,857 444.6500 or access the web link online at: Oil .me/664-94 h-500. Calling the
dial-in number or accessing the link at the meeting time will make the meeting audible to members
of the public and allow for two-way communication. In addition to this two-way communication,
members of the public may also communicate with the WEDC Board by submitting their
comments online at wylietexas.gov/boards and completing the Citizen Comment Form. A
recording of the meeting will be made available to the public upon request. Members of the public
wishing to attend the meeting in person will not be permitted to attend the meeting at the meeting
location.
If you have any questions about the foregoing, please contact the City Secretary at 972-516-6020.
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. As a courtesy, the entire Agenda Packet will be posted on the City of Wylie website:
www.wylietexas.gov.
WEDC—Agenda
April 22, 2020
Page 2 of 3
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.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and will
be enacted by one motion. There will not be separate discussion of these items.If discussion is desired, that item will
be removed from the Consent Agenda and will be considered separately.
A. Consider and act upon approval of the March 18, 2020 Minutes of the WEDC Board of
Directors Meeting.
B. Consider and act upon approval of the March 2020 WEDC Treasurer's Report.
ACTION ITEMS
1. Consider and act upon the award of bid for the 2nd Street Demolition to lnterCon Demolition
in the amount of$17,500, and further authorizing the Executive Director to execute any and
all necessary documents.
2. Consider and act upon FY 2019-2020 Mid-Year Budget Amendment.
DISCUSSION ITEMS
3. Staff report: Downtown Parking, WEDC Board Appointments, Wylie Takeout & Delivery,
Team Up to Fight Hunger,NTMWD, FY 2020-2021 Budget, upcoming meetings/events, and
review issues surrounding WEDC activities and programs.
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:
WEDC—Agenda
April 22, 2020
Page 3 of 3
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 & Brown
• Jackson&Oak
• State Highway 78 & Wylie East
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 2019-8b
• Project 2019-11b
• Project 2019-12a
• Project 2019-12c
• Project 2020-4a
• Project 2020-4b
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 17`h day of April 2020 at 5:00 p.m. as required by law in
accordance with Section 551.042 of the Texas Government Code and that the appropriate news media was contacted.
As a courtesy, this agenda is also posted on the City of Wylie website: www.wylietexas.gov.
Stephanie Storm,City Secretary Date Notice Removed
Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Wednesday, March 18, 2020—7:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78—Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Demond Dawkins called the regular meeting to order at 7:32 a.m. Board Members
present were John Yeager, Melisa Whitehead, Gino Mulliqi, and Tim Gilchrist.
Ex-officio members Mayor Eric Hogue and City Manager Chris Hoisted were present.
WEDC staff present included Executive Director Jason Greiner and BRE Director Angel Wygant.
INVOCATION & PLEDGE OF ALLEGIANCE
President Demond Dawkins gave the invocation and led the Pledge of Allegiance.
CITIZEN PARTICIPATION
With no citizen participation, President Dawkins moved to Consent Agenda.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and will
be enacted by one motion. There will not be separate discussion of these items. If discussion is desired, that item will
be removed from the Consent Agenda and will be considered separately.
I. Consider and act upon approval of the February 19,2020 Minutes of the WEDC Board
of Directors Meeting.
II. Consider and act upon approval of the March 2, 2020 Minutes of the WEDC Special
Called Board Meeting.
Board Action
A motion was made by Gino Mulliqi, seconded by John Yeager, to approve the Consent
Agenda as presented. A vote was taken and passed 5-0.
ACTION ITEMS
III. Consider and act upon approval of the February 2020 WEDC Treasurer's Report.
Staff Comments
Staff noted that the Treasurer's Report would be placed on the Consent Agenda for future
meetings. Revisions to the format of the Treasurer's Report were discussed, noting that the
new format aligns with the City of Wylie Finance Department for City Council monthly
financial reports. Additional details would be presented to the Board on a quarterly basis and
any Board feedback on the foiivat would be welcome and incorporated into future reports.
WEDC—Minutes
March 18, 2020
Page 2 of 4
Staff further discussed the potential impact of sales tax revenues and projections in light of
the COVID-19 situation. City Manager Chris Hoisted noted the two-month lag of sales tax
receipt numbers and the effect of possible dips in revenue on the overall planning process.
Staff also noted they were prepared for possible shifts in spending/priorities based on future
sales tax revenues impact due to COVID-19.
Board Action
A motion was made by John Yeager, seconded by Melisa Whitehead, to approve the
February 2020 WEDC Treasurer's Report. A vote was taken and passed 5-0.
IV. Consider and act upon a Second Amended Promissory Note for American National
Bank loan 88193982.
Staff Comments
Staff explained that the second amendment to the loan provides an additional six-month
extension of interest-only payments, per the Board's request. This loan is related to
Brown/Hwy 78 property assemblage and redevelopment. American National Bank approved
the amendment to the note and Staff commented that an additional six-month extension was
authorized by the ANB Loan Committee should the Board decide to exercise that option in
the future.
Board Action
A motion was made by John Yeager, seconded by Gino Mulliqi, to approve the Second
Amended Promissory Note for American National Bank loan 88193982. A vote was taken
and passed 5-0.
EXECUTIVE SESSION
Recessed into Closed Session at 7:47 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:
• State Highway 78 & F.M. 544
• State Highway 78 & Brown
• Jackson & Oak
• State Highway 78 &Wylie East
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 2019-8b
WEDC—Minutes
March 18, 2020
Page 3 of 4
• Project 2019-11b
• Project 2019-12a
• Project 2019-12b
• Project 2019-12c
• Project 2020-2e
Mayor Hogue and City Manager Hoisted left the meeting at 8:16 a.m.
Board Member Yeager filed a conflict of interest with Staff prior to the start of the meeting
and stepped out of the meeting during consideration of related Project.
RECONVENE INTO OPEN MEETING
Take any action as a result from Executive Session
President Demond Dawkins reconvened into Open Session at 9:16 a.m.
Board Action
The Board resumed consideration of Action Items in Open Session.
V. Consider and act upon the award of bid for the F.M. 544 waterline extension to CalHar
Construction, Inc. in the amount of $203,899 and further authorizing the Executive
Director to execute any and all necessary documents.
Board Action
A motion was made by John Yeager, seconded by Melisa Whitehead,to table Item V. A vote
was taken and passed 5-0.
VI. Consider and act upon a WEDC Budget Transfer for FY 2019-2020.
Staff Comments
Staff explained that there will be an upcoming mid-year budget amendment to address
longer-teen needs, but a budget transfer was necessary in the interim in order to process
purchase orders within the Computer Hardware/Software and Engineering/Architecture
accounts. Staff explained that Finance had informed them that computer equipment is no
longer identified as a capital account expense, therefore funds need to be moved from the
capital account into computer hardware. Staff noted that the Engineering/Architecture
account expenses are typically architectural drawings, concept/construction plans and
engineering services. A transfer to Engineering/Architecture was needed to fund expenses
associated with redevelopment of the FM 544 Gateway and Brown/Hwy 78 sites. Staff noted
that many of the project expenses associated with the 544 Gateway site will be subject to
reimbursement by the City of Wylie.
Board Action
A motion was made by Gino Mulliqi, seconded by John Yeager,to approve a WEDC Budget
Transfer for FY 2019-2020. A vote was taken and passed 5-0.
WEDC—Minutes
March 18, 2020
Page 4 of 4
DISCUSSION ITEMS
VI. Staff report: Impact DataSource, agenda structure, meeting dates, upcoming events,
and review issues surrounding WEDC activities and programs.
Staff and Board discussed a future agenda item regarding Impact DataSource and upcoming
events and activities. Staff commented that many events and activities are unsure or unknown
at this time due to COVID-19, but Staff is prepared to conduct business remotely. Staff
reminded the Board that FY 20-21 Budget preparation will be taking place in the coming
weeks.
ADJOURNMENT
With no further business, President Dawkins adjourned the WEDC Board meeting at 9:21 a.m.
Demond Dawkins, President
ATTEST:
Jason Greiner,Executive Director
�a
ECONOMIC DEVELOPMENT Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: April 22,2020 Item Number: B
Department: WEDC (Staff Use Only)
Prepared By: Rachael Hermes Account Code:
Date Prepared: 4/20/2020 Exhibits: 4
Subject
Consider and act upon approval of the March 2020 WEDC Treasurer's Report.
Recommendation
Motion to approve the March 2020 WEDC Treasurer's Report.
Discussion
Presented for the Board's review and approval is the March 2020 Treasurer's Report detailing the month and
year-to-date financial transactions and performance against budget. In this report you will find the Revenue
and Expense Report, Statement of Net Position, Balance Sheet, and Sales Tax Report.
REVENUES:
Sales Tax Revenue earned in January, allocated in March, was $228,091, an increase of 9.54% over the same
period in 2019. Staff will monitor Sales Tax revenues moving forward and anticipates a short-term reduction
in sales tax due to the potential retail impact of COVID-19.
EXPENSES:
Special Services: $37,620
$24,324 Brown& 78 Environmental/VCP
$ 6,234 Kirby Environmental
Engineering
$14,502 - Engineering services associated with the 544 Gateway property
Page 1 of 1
Wylie Economic Development Corporation
MONTHLY FINANCIAL REPORT
March 31, 2020
ANNUAL CURRENT YTD ACTUAL %OF BUDGET
BUDGET MONTH
ACCOUNT DESCRIPTION FY 2019-2020 FY 2019-2020 FY 2019-2020 FY 2019-2020
REVENUE SUMMARY
CLAIM ON CASH /Bal Sheet $ 286,072.00 $2,621,600.16
SALES TAX $ 2,948,400.00 $ 228,091.34 $ 1,035,404.68 35.12% A
ALLOCATED INTEREST EARNINGS $ 6,000.00 $ 511.70 $ 2,882.87 48.05%
RENTAL INCOME $ 155,040.00 $ 3,235.00 $ 73,327.00 47.30%
GAIN/LOSS- SALE OF PROPERTY $ 1,782,226.00 $ 542,725.00 $ 511,725.00 28.71
BANK NOTE PROCEEDS $ - $ - $ 996,500.47 B
REVENUES $ 4,891,666.00 $ 774,563.04 $2,619,840.02 53.56%
EXPENDITURE SUMMARY
PERSONNEL $ 440,285.00 $ 22,050.20 $ 324,664.13 73.74%
OPERATING EXPENSES $ 63,509.00 $ 9,878.77 $ 32,319.41 50.89% C
INCENTIVES $ 551,291.00 $ - $ 307,112.00 55.71%
SPECIAL SERVICES $ 97,871.00 $ 37,620.41 $ 118,228.46 120.80% D
ADVERTISING $ 137,600.00 $ 4,891.37 $ 27,009.27 19.63%
COMMUNITY DEVELOPMENT $ 43,350.00 $ 568.22 $ 30,437.78 70.21
TRAVEL &TRAINING $ 31,317.00 $ 1,830.50 $ 11,577.15 36.97%
DUES & SUBSCRIPTIONS $ 19,567.00 $ 1,490.67 $ 12,380.39 63.27%
AUDIT& LEGAL $ 23,000.00 $ 1,591.00 $ 10,831.52 47.09%
ENGINEERING &ARCHITECTURAL $ 35,000.00 $ 14,502.00 $ 31,326.60 89.50% D
DEBT SERVICE $ 2,267,432.00 $ 55,415.70 $ 358,640.66 15.82%
LAND $ 100,164.00 $ - $ 867,028.63 865.61% B
INFRASTRUCTURE PROJECTS $ 573,000.00 $ - $ 9,499.00 1.66%
TOTAL EXPENDITURES $ 4,383,886.00 $ 149,868.84 $ 1,279,891.00 29.20%
REV OVER/(UNDER) EXPEN $ 507,780.00 $ 1,339,949.02
A. SLSTX Rev earned in Jan, allocated in Mar,was$228,091, an increase of 9.54%over the same period in 2019.
Sales Tax received for 4 months of FY due to 2 month accrual to prior FY.
B. Remaining funds drawn on ANB loan 88193982 approved in FY 18-19 to fund Hwy 78&Brown properties.
C. Operating Expenses include Supplies, Rental,Communication, Insurance and Utilities.
D. These items will be addressed with the FY 2019-2020 Budget Amendment.Overage due to Engineering Services.
Wylie Economic Development Corporation
Statement of Net Position
As of March 31, 2020
Assets
Cash and cash equivalents $ 2,623,600.16
Receivables $ 73,235.00 Note 1
Inventories $ 11,634,316.10
Prepaid Items $ -
Total Assets $ 14,331,151.26
Deferred Outflows of Resources
Pensions $ 134,955.55
Total deferred outflows of resources $ 134,955.55
Liabilities
Accounts Payable and other current liabilities $ 4,439.29
Unearned Revenue $ 40,200.00 Note 2
Non current liabilities:
Due within one year $ 424,607.65 Note 3
Due in more than one year $ 6,741,318.97
Total Liabilities $ 7,210,565.91
Deferred Inflows of Resources
Pensions $ (1,490.41)
Total deferred inflows of resources $ (1,490.41)
Net Position
Net investment in capital assets $ -
Unrestricted $ 7,257,031.31
Total Net Position $ 7,257,031.31
Note 1: Includes incentives in the form of forgivable loans for$70,000
Note 2: Exco amortization;deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$93,673
4-09-2020 07:50 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
ASSETS
1000-10110 CLAIM ON CASH AND CASH EQUIV. 2,621,600.16
1000-10115 CASH-WEDC-INWOOD 0.00
1000-10135 ESCROW 0.00
1000-10180 DEPOSITS 2,000.00
1000-10198 OTHER-MISC CLEARING 0.00
1000-10341 TEXPOOL 0.00
1000-10343 LOGIC 0.00
1000-10481 INTEREST RECEIVABLE 0.00
1000-11511 ACCTS REC-MISC 3,235.00
1000-11517 ACCTS REC-SALES TAX 0.00
1000-12810 LEASE PAYMENTS RECEIVABLE 0.00
1000-12950 LOAN PROCEEDS RECEIVABLE 0.00
1000-12996 LOAN RECEIVABLE 0.00
1000-12997 ACCTS REC-JTM TECH 0.00
1000-12998 ACCTS REC-FORGIVEABLE LOANS 70,000.00
1000-14112 INVENTORY-MATERIAL/SUPPLY 0.00
1000-14116 INVENTORY-LAND& BUILDINGS 11,634,316.10
1000-14118 INVENTORY-BAYCO/SANDEN BLVD 0.00
1000-14310 PREPAID EXPENSES-MISC 0.00
1000-14410 DEFERRED OUTFLOWS 719,688.80
15,050,840.06
TOTAL ASSETS 15,050,840.06
LIABILITIES
2000-20110 FEDERAL INCOME TAX PAYABLE 0.00
2000-20111 MEDICARE PAYABLE 0.00
2000-20112 CHILD SUPPORT PAYABLE 0.00
2000-20113 CREDIT UNION PAYABLE 0.00
2000-20114 IRS LEVY PAYABLE 0.00
2000-20115 NATIONWIDE DEFERRED COMP 0.00
2000-20116 HEALTH INSUR PAY-EMPLOYEE 1.31
2000-20117 TMRS PAYABLE 1,265.54
2000-20118 ROTH IRA PAYABLE 0.00
2000-20119 WORKERS COMP PAYABLE 0.00
2000-20120 FICA PAYABLE 0.00
2000-20121 TEC PAYABLE 0.00
2000-20122 STUDENT LOAN LEVY PAYABLE 0.00
2000-20123 ALIMONY PAYABLE 0.00
2000-20124 BANKRUPTCY PAYABLE 0.00
2000-20125 VALIC DEFERRED COMP 0.00
2000-20126 ICMA PAYABLE 0.00
2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00
2000-20130 FLEXIBLE SPENDING ACCOUNT 3,112.44
2000-20131 EDWARD JONES DEFERRED COMP 0.00
2000-20132 EMP CARE FLITE 12.00
2000-20151 ACCRUED WAGES PAYABLE 0.00
2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00
2000-20199 MISC PAYROLL PAYABLE 0.00
4-09-2020 07:50 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
2000-20201 AP PENDING 0.00
2000-20210 ACCOUNTS PAYABLE 0.00
2000-20530 PROPERTY TAXES PAYABLE 0.00
2000-20540 NOTES PAYABLE 719,688.80
2000-20810 DUE TO GENERAL FUND 0.00
2000-22270 DEFERRED INFLOW 39,000.00
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 764,328.09
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 2,619,840.02
TOTAL EXPENSES 1,279,891.00
REVENUE OVER/(UNDER) EXPENSES 1,339,949.02
TOTAL EQUITY&OVER/(UNDER) 14,286,511.97
TOTAL LIABILITIES,EQUITY&OVER/(UNDER) 15,050,840.06
4-09-2020 07:50 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET
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 319,456.44
2000-28220 BIRMINGHAM LOAN 0.00
2000-28230 INWOOD LOAN 0.00
2000-28232 ANB LOAN/EDGE 0.00
2000-28233 ANB LOAN/PEDDICORD WHITE 0.00
2000-28234 ANB LOAN/RANDACK HUGHES 0.00
2000-28235 ANB LOAN 0.00
2000-28236 ANB CONSTRUCTION LOAN 0.00
2000-28237 ANB LOAN/WOODBRIDGE PARKWAY 96,900.47
2000-28238 ANB LOAN/BUCHANAN 0.00
2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00
2000-28240 HUGHES LOAN 0.00
2000-28242 ANB 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 7,165,926.62
4-09-2020 07:50 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET
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 ( 201,825.10)
REVENUE OVER/(UNDER) EXPENSES ( 794,675.37)
TOTAL EQUITY&OVER/(UNDER) ( 7,032,461.48)
TOTAL LIABILITIES,EQUITY&OVER/(UNDER) 133,465.14
WYLIE ECONOMIC DEVELOPMENT CORPORATION
SALES TAX REVENUE
FOR THE MONTH OF MARCH 2020
MONTH WEDC WEDC WEDC WEDC DIFF % DIFF
2017 2018 2019 2020 19VS20 19VS20
DECEMBER $197,808 $184,849 $214,867 $226,664 $11,797 5.49%
JANUARY 196,347 191,896 223,750 218,520 -5,229 -2.34%
FEBRUARY 276,698 275,668 307,367 362,129 54,763 17.82%
MARCH 191,648 182,852 208,222 228,091 19,869 9.54%
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 $1,035,405 $81,199 7.63%
AUDIT ADJ
TOTAL $2,627,376 $2,562,759 $2,920,137 $1,035,405 $81,199 7.63%
WEDC SALES TAX ANALYSIS
$400,000 _ _
$350,000 -
$300,000
$250,000
-
$200,000 02019
$150,000 a2020
$100,000 -
$50,000
$0 1 I I I i i I I i i
N s T= N T N
E c 2 co Q 2 2, -3 E O E
a) @ .Q 2 Q 0 U 0)
0 � ii 0- 0 o
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4 /51
ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: April 22, 2020 Item Number: 1
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: March 30, 2020 Exhibits:
Subject
Consider and act upon the award of a contract for the Demolition of a structure located at 208 N. 2nd Street to
InterCon Demolition in the amount of$17,500 and further authorizing the Executive Director to execute any
and all necessary documents.
Recommendation
Motion to award a contract to InterCon Demolition in the amount of $17,500, and further authorizing the
Executive Director to execute any and all necessary documents.
Discussion
As part of the property assemblage near the intersection of Hwy 78 & Brown Street, the WEDC acquired 208
N. 2nd Street back in April of 2019. The property has since been vacated and is uninhabitable leaving WEDC
staff with two options. Option 1 is to completely secure the property and postpone the demolition to a later date
and Option 2 is to move forward with demolition of the property.
WEDC staff received an updated quote from Intercon Demolition for $17,500. Upon award of the contract,
Intercon will complete the work in the next 30 days.
Page 1 of 1
�a
ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: April 22, 2020 Item Number: 2
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: Exhibits: 1
Subject
Consider and act upon FY 2019-2020 Mid-Year Budget Amendment.
Recommendation
Staff recommends that the WEDC Board of Directors approve the FY 2019-2020 Mid-Year Budget
Amendment.
Discussion
Staff has submitted a FY 2019-2020 Mid-Year Budget Amendment to City of Wylie Finance for inclusion in
the Mid-Year Budget for consideration by the Wylie City Council on April 14, 2020. WEDC amended items
adjust the budget to adjust for items which were anticipated to occur in the FY 2018-2019 but were delayed.
Revenues
Bank Note Proceeds - $996,500
This represents the balance of the $4.5mm loan from American National Bank for acquisition of property near
the intersection of Highway 78 & Brown Street.
Expenses
Land - $1,356,742
This represents the remaining property acquisition located near Highway 78 & Brown Street.
Special Services -$65,000
The Voluntary Clean-up Program (VCP) associated with the Highway 78 & Brown property was originally
anticipated to be funded from the reimbursement from the City of Wylie for environmental activities associated
with the 544 Gateway property. With the status change to the real estate contract for the City of Wylie property,
staff is recommending an amendment to this budget to cover these expenses.
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REQUEST FORM - MID YEAR BUDGET AMENDMENT - EXPENSE FISCAL YEAR 2020
New Request: y New personnel? n Salary Grade:
Funds already expensed? Change Level of current personnel? From: To:
PURPOSE/OBJECTIVE OF REQUEST:
Account for unanticipated expenses due to environmental expenses associated with land acquisitions at Hwy 78 & Brown, and the delayed
acquisition of property located near the intersection of Highway 78& Brown Street.
ACCOUNT NO. DESCRIPTION AMOUNT
111 5611 56040 Special Services 65,000
111 5611 58110 Land 1,356,742
TOTAL 1,421,742
ADDITIONAL COMMENTS:
REQUEST FORM - MID YEAR BUDGET AMENDMENT - REVENUE FISCAL YEAR 2020
RANK 1 OF I REQUEST: DEPARTMENT:
New Request: New personnel? Salary Grade:
Funds already received? Change Level of current personnel? From; To:
PURPOSE/OBJECTIVE OF REQUEST:
To recognized the receipt of bank note proceeds associated with the delayed purchase of property located near the intersection of Highway 78&
Brown Street.
ACCOUNT NO. DESCRIPTION AMOUNT
111 4000 49325 Bank Note Proceeds 996,500
TOTAL 996,500
ADDITIONAL COMMENTS:
WEDC
STATEMENT OF REVENUES AND EXPENDITURES
BUDGET OTHER AMENDED
2019-2020 AMENDMENTS FY 2019-2020
BEGINNING FUND BALANCE $769,596 $769,596
REVENUES:
Sales Taxes 2,948,400 0 2,948,400
Intergovernmental Revenues 0 0
Interest& Miscellaneous 1,943,266 1,943,266
Total Revenues 4,891,666 0 4,891,666
OTHER FINANCING SOURCES:
Transfers from Other Funds/Other Financing Sources 0 996,500 996,500
Use of Fund Balance for Carry-Forward Items 0 0 0
Total Other Financing Sources 0 996,500 996,500
Total Revenues &Other Financing Sources 4,891,666 996,500 5,888,166
Total Expenditures 4,383,886 1,421,742 5,805,628
ENDING FUND BALANCE $1,277,376 425,242 $852,134
WYLIE
ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: April 22, 2020 Item Number: 3
Department: Use Only)
WEDC
Prepared By: Jason Greiner Account Code:
Date Prepared: 4/20/2020 Exhibits:
Subject
Staff report: Downtown Parking, WEDC Board Appointments, Wylie Takeout & Delivery, Team Up to Fight Hunger,
NTMWD, FY 2020-2021 Budget, upcoming meetings/events, and review issues surrounding WEDC activities and
programs.
Recommendation
No action is requested by staff for this item.
Discussion
Staff will lead a discussion regarding downtown parking solutions, current marketing campaigns surrounding Wylie
Takeout&Delivery and Team Up to Fight Hunger. Additional items include a NTMWD waterline relocation, FY20-21
Budget discussions and the review of issues surrounding WEDC activities and programs.
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