03-18-2020 (WEDC) Minutes 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 format 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 2018-10c
• Project 2019-8b
WEDC—Minutes
March 18, 2020
Page 3 of 4
• Project 2019-1 lb
• 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-term 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 Grei r Exec i Director