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07-22-2020 (WEDC) Agenda Packet WYLIE, TX NOTICE OF MEETING ECONOMIC DEVELOPMENT CORPORATION Regular Meeting Agenda July 22, 2020— 8:30 A.M. Wylie Municipal Complex—Council Conference Room 300 Country Club Road, Building#100 Wylie, Texas 75098 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. 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 June 17,2020 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the June 2020 WEDC Treasurer's Report. C. Consider and act upon the award of a contract to Verity Group for the purchase of a printer in the amount of$9,300. WEDC—Agenda July 22, 2020 Page 2 of 3 ACTION ITEMS 1. Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for 2020-2021. 2. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2020-2021. 3. Consider and act upon the award of a contract to EDsuite for website services in the amount of$17,850. 4. Consider and act upon a Performance Agreement between the WEDC and WB Real Estate, LLC. 5. Consider and act upon a Performance Agreement between the WEDC and First Miracle, Inc. 6. Consider and act upon approval of the FY 2020-2021 WEDC Budget. DISCUSSION ITEMS 7. Staff report: WEDC Property Update, Regional Housing Permits, Downtown Parking, 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: 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. §551.073—Discussing prospective gift or donation to the City. §551.074—Discussing personnel or to hear complaints against personnel. §551.076—Discussing deployment of security personnel or devices or security audit. §551.087—Discussing certain economic development matters. 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 WEDC—Agenda July 22, 2020 Page 3 of 3 Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Evaluation of WEDC Staff 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 2019-11 b • Project 2019-12a • Project 2020-4a • Project 2020-4c 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 17h day of July 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 June 17, 2020—8:30 A.M. 300 Country Club Road, Building#100 Wylie, TX 75098 CALL TO ORDER Announce the presence of a Quorum President Demond Dawkins called the regular meeting to order at 8:31 a.m. Board Members present were John Yeager, Melisa Whitehead, Gino Mulliqi, and Tim Gilchrist. Ex-officio Member City Manager Chris Holsted was present at 8:36 a.m. via teleconference. WEDC Staff present included Executive Director Jason Greiner& Senior Assistant Rachael Hermes. INVOCATION & PLEDGE OF ALLEGIANCE Board Member John Yeager 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. A. Consider and act upon approval of the May 22, 2020 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the May 2020 WEDC Treasurer's Report. Board Comments John Yeager noted that the vote on Item 6 should reflect a 4-0 vote rather than a 5-0 vote. Board Action A motion was made by Gino Mulliqi, seconded by Tim Gilchrist, to approve the Consent Agenda with the correction as noted. A vote was taken and passed 5-0. President Dawkins then moved to Discussion Items,beginning with Item 4 for presentation purposes. DISCUSSION ITEMS 4. Staff report: WEDC Property Update, FBC Rodeo, Downtown Parking, WEDC Activities and Programs,Retail Coach Update. WEDC—Minutes June 17, 2020 Page 2 of 4 Aaron Farmer with The Retail Coach gave a detailed presentation regarding sales tax numbers from January through the first week of June. The data was presented by sector and then further broken down by retailer to illustrate the purchasing trends in the community during the pandemic. Unlike many other communities,the data shows that sales tax numbers are back up and there was not a substantial drop from a retail perspective. It was noted that communities with a stronger entertainment industry versus those with essential goods/home improvement retailers are seeing much different data. This data will continue to be tracked and can be taken to potential retail prospects. Furthermore, an increase in daytime population would positively impact restaurant prospects.Recruiting efforts were discussed and have continued to take place throughout the pandemic. Staff updated the Board regarding sales tax revenues for April, stating that the numbers are up 2.21% over the same month last year. WEDC Property Updates include the discussion of the demolition of properties, with further details to be provided upon consideration of Action Item 1. Any properties scheduled for demolition will be made available to the police and fire departments for training purposes prior to demolition. Regarding the Voluntary Cleanup Program (VCP) at Hwy 78 and Brown, Elm Creek has sent their environmental response to TCEQ and staff is working to stay far ahead of the process so that the properties can be conveyed with no issue. The Collin County purchases are still in process and the City of Wylie ROW purchase has been approved by Council. Final updates will be provided to the Board when available. Property maintenance/mowing is being reviewed to ensure that properties are in proper order. Staff updated the Board regarding the request for use of the WEDC-owned lot at 303 E.Marble St. for the First Baptist Church Rodeo. A license agreement is being prepared by the attorney for this request and similar requests moving forward. Staff mentioned the downtown parking project, noting that it had been further discussed with city staff since the last meeting and is pending an interlocal agreement with Union Pacific. WEDC Activities and Program updates were discussed,including the upcoming reappointment of Tim Gilchrist to the WEDC Board. Staff also updated the Board regarding the nomination of the WEDC for the Workforce Excellence Award, noting that the WEDC received Merit Recognition for Achievement in Workforce Development. Regarding incentives, Cardinal Strategies finished their relocation ahead of schedule and has already received a Certificate of Occupancy. Staff discussed check presentation and a potential tour of their facility. Staff noted the receipt of a public information request related to the WEDC office space lease and feedback regarding the audio equipment, adding that audio technology had been updated and the lease information had been previously reviewed by staff in preparation for the budget process. Staff directed the Board to information provided in the packet regarding upcoming Sales Tax Workshops and encouraged Board Members to participate if possible. 3. Discuss issues surrounding the FY 2020-2021 WEDC Budget. Staff discussed any revisions or updates that had been made to the proposed FY 2020-2021 WEDC Budget. Unreserved beginning fund balance projections were discussed, and figures will be updated and brought back to the Board closer to adoption of the budget. Potential payroll adjustments will be discussed in Executive Session. Operating Expenses were revised WEDC—Minutes June 17, 2020 Page 3 of 4 to eliminate the copier line item in FY 20-21.An agenda item for a new copier will be presented at the next meeting. Incentive figures will be revisited based on timing of project eligibility within this FY. Demolition numbers were updated to reflect a reduction in projected expenses in FY 20-21 since a portion of demolition will be brought forward within this FY. While sales tax revenues look healthy, staff explained that the Advertising line item can be revisited and pared down if needed. Website expenses were detailed and will be reviewed further in the coming weeks. The extension of interest-only loan payments with American National Bank will be pursued in an effort to align with any pending real estate contracts. Infrastructure projects, except for the NTMWD water line relocation,can be delayed if it becomes necessary. The ending fund balance was discussed noting that a Future Incentives line item would likely be included within the FY 20-21 Budget to allow for payment of Board/Council approved incentives without the need for a Budget Amendment. Staff will keep the Board updated regarding the presentation of the proposed budget to City Council. President Dawkins then moved to Action Items. ACTION ITEMS 1. Consider and act upon issues surrounding the disposition of WEDC property located at 204 N. 2nd Street and 503 S. Ballard. Staff Comments Following direction from the Board at the last meeting, staff provided cost estimates for the demolition of properties located at 204 N. 2nd Street and 503 S. Ballard, noting that there is a $2,000 cost savings associated with demolishing 208 N. 2nd and 204 N. 2nd simultaneously. The demolition of 208 N. 2nd was previously approved at the 4-22-20 Board Meeting. The property at 503 S. Ballard is in disrepair and would require substantial investment to consider for rental purposes. Board Action A motion was made by Gino Mulliqi, seconded by John Yeager, to approve the demolition of 204 N. 2nd and 503 S. Ballard in the total amount of$22,000. A vote was taken and the motion passed 5-0. 2. Consider and act upon issues surrounding the underground utilities located at 350 South Highway 78. Board Action The Board moved to Executive Session and took no action related to this Item. 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: • State Highway 78 &Brown WEDC—Minutes June 17, 2020 Page 4 of 4 • State Highway 78 &F.M. 544 • Jackson& Oak Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Evaluation of WEDC Staff 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 2019-11b • Project 2019-12a • Project 2019-12c • Project 2020-4a • Project 2020-4c Board Member Tim Gilchrist left the meeting at 10:50 a.m. RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session President Demond Dawkins reconvened into Open Session at 10:56 a.m. and took no action. ADJOURNMENT With no further business,President Dawkins adjourned the WEDC Board meeting at 10:56 a.m. Demond Dawkins,President ATTEST: Jason Greiner, Executive Director WYLIE TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: B Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/15/20 Exhibits: 5 Subject Consider and act upon approval of the June 2020 WEDC Treasurer's Report. Recommendation Motion to approve the June 2020 WEDC Treasurer's Report. Discussion Presented for the Board's review and approval is the June 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, Sales Tax Report, and the Quarterly Performance Agreement Summary. REVENUES: Sales Tax Revenue earned in April, allocated in June,was $239,340, an increase of 2.21%over the same period in 2019. EXPENSES: There were no notable expenses for the month of June. Page 1 of 1 Wylie Economic Development Corporation MONTHLY FINANCIAL REPORT June 30,2020 ANNUAL CURRENT PRIOR YEAR PO YTD BUDGET YTD ACTUAL %OF BUDGET BUDGET MONTH ADJUST. ENCUMBRANCE BALANCE ACCOUNT DESCRIPTION FY 2019-2020 FY 2019-2020 FY 2019-2020 FY 2019-2020 REVENUE SUMMARY CLAIM ON CASH/Bal Sheet $ 286,072.00 $ 2,566,604.73 SALES TAX $ 2,948,400.00 $ 239,340.35 $ - $ 1,767,864.95 $ - $ 1,180,535.05 59.96% A ALLOCATED INTEREST EARNINGS $ 6,000.00 $ 149.69 $ - $ 3,577.24 $ - $ 2,422.76 59.62% RENTAL INCOME $ 155,040.00 $ 9,970.00 $ - $ 114,242.00 $ - $ 40,798.00 73.69% GAIN/LOSS-SALE OF PROPERTY $ 1,782,226.00 $ - $ - $ 511,725.00 $ - $ 1,270,501.00 28.71% BANK NOTE PROCEEDS $ 996,500.00 $ - $ - $ 996,500.47 $ - $ (0.47) 100.00% B REVENUES $5,888,166.00 $ 249,460.04 $ - $3,393,909.66 $ - $ 2,494,256.34 57.64% EXPENDITURE SUMMARY PERSONNEL $ 440,285.00 $ 24,792.62 $ - $ 403,448.39 $ - $ 36,836.61 91.63% OPERATING EXPENSES $ 63,509.00 $ 3,456.16 $ - $ 44,686.06 $ 545.32 $ 18,277.62 71.22% C INCENTIVES $ 551,291.00 $ - $ - $ 405,212.10 $ - $ 146,078.90 73.50% SPECIAL SERVICES $ 162,871.00 $ 5,101.43 $ - $ 129,766.73 $ 821.94 $ 32,282.33 80.18% ADVERTISING $ 137,600.00 $ 4,580.00 $ - $ 41,799.27 $ 466.50 $ 95,334.23 30.72% COMMUNITY DEVELOPMENT $ 43,350.00 $ - $ - $ 32,787.78 $ 4,401.83 $ 6,160.39 85.79% TRAVEL&TRAINING $ 31,317.00 $ 103.31 $ - $ 12,220.00 $ 4,397.11 $ 14,699.89 53.06% DUES&SUBSCRIPTIONS $ 19,567.00 $ 44.43 $ - $ 13,562.30 $ 85.00 $ 5,919.70 69.75% AUDIT&LEGAL $ 23,000.00 $ 3,859.00 $ - $ 19,102.52 $ 1,254.00 $ 2,643.48 88.51% ENGINEERING&ARCHITECTURAL $ 35,000.00 $ - $ - $ 31,326.60 $ - $ 3,673.40 89.50% DEBT SERVICE $ 2,267,432.00 $ 56,711.54 $ - $ 528,127.36 $ - $ 1,739,304.64 23.29% LAND $ 1,456,906.00 $ - $ - $ 1,315,858.03 $ - $ 141,047.97 90.32% B INFRASTRUCTURE PROJECTS $ 573,000.00 $ (9,375.00) $ - $ 124.00 $ - $ 572,876.00 0.02% COMPUTER $ - $ - $ - $ 887.96 $ - $ (887.96) 0.00% FURNITURE&FIXTURES $ 500.00 $ - $ - $ - $ - $ 500.00 0.00% CONTRA CAPITAL $ - $ - $ - $ (1,315,881.36) $ - $ 1,315,881.36 0.00% TOTAL EXPENDITURES $5,805,628.00 $ 89,273.49 $ - $1,663,027.74 $ 11,971.70 $ 4,130,628.56 28.85% REV OVER/(UNDER) EXPEN $ 82,538.00 $ 160,186.55 $ - $1,730,881.92 $ (11,971.70) $ (1,636,372.22) A. SLSTX Rev earned in Apr,allocated in June,was$239,340.35,an increase of 2.21%over the same period in 2019. Sales Tax received for 7 months of FY due to 2 month accrual to prior FY. B. Property Acquistions near Hwy 78 and Brown:City ROW and Collin County Properties Remaining funds drawn on ANB loan 88193982 approved in FY 18-19 to fund Hwy 78&Brown properties. C. Operating Expenses include Supplies,Maint Materials,Rental,Communication,Insurance and Utilities. Wylie Economic Development Corporation Statement of Net Position As of June 30, 2020 Assets Cash and cash equivalents $ 2,568,604.73 Receivables $ 70,000.00 Note 1 Inventories $ 12,088,145.50 Prepaid Items $ - Total Assets $ 14,726,750.23 Deferred Outflows of Resources Pensions $ 134,955.55 Total deferred outflows of resources $ 134,955.55 $ 14,861,705.78 Liabilities Accounts Payable and other current liabilities $ 9,105.36 Unearned Revenue $ 40,200.00 Note 2 Non current liabilities: Due within one year $ 337,970.79 Note 3 Due in more than one year $ 6,741,318.97 Total Liabilities $ 7,128,595.12 Deferred Inflows of Resources Pensions $ (1,490.41) Total deferred inflows of resources $ (1,490.41) Net Position Net investment in capital assets $ - Unrestricted $ 7,734,601.07 Total Net Position $ 7,734,601.07 $ 14,861,705.78 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 7-15-2020 08:25 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JUNE 30TH, 2020 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 2,566,604.73 1000-10115 CASH - WEDC - INWOOD 0.00 1000-10135 ESCROW 0.00 1000-10180 DEPOSITS 2,000.00 1000-10198 OTHER - MISC CLEARING 0.00 1000-10341 TEXPOOL 0.00 1000-10343 LOGIC 0.00 1000-10481 INTEREST RECEIVABLE 0.00 1000-11511 ACCTS REC - MISC 0.00 1000-11517 ACCTS REC - SALES TAX 0.00 1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 1000-12996 LOAN RECEIVABLE 0.00 1000-12997 ACCTS REC - JTM TECH 0.00 1000-12998 ACCTS REC - FORGIVEABLE LOANS 70,000.00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 12,088,145.50 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 851,800.00 15,578,550.23 TOTAL ASSETS 15,578,550.23 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 1.52 2000-20117 TMRS PAYABLE 0.00 2000-20118 ROTH IRA PAYABLE 0.00 2000-20119 WORKERS COMP PAYABLE 0.00 2000-20120 FICA PAYABLE 0.00 2000-20121 TEC PAYABLE 0.00 2000-20122 STUDENT LOAN LEVY PAYABLE 0.00 2000-20123 ALIMONY PAYABLE 0.00 2000-20124 BANKRUPTCY PAYABLE 0.00 2000-20125 VALIC DEFERRED COMP 0.00 2000-20126 ICMA PAYABLE 0.00 2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00 2000-20130 FLEXIBLE SPENDING ACCOUNT 5,049.90 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 7-15-2020 08:25 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JUNE 30TH, 2020 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 3,993.94 2000-20210 ACCOUNTS PAYABLE 0.00 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 851,800.00 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 901,105.36 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 3,393,909.66 TOTAL EXPENSES 1,663,027.74 REVENUE OVER/(UNDER) EXPENSES 1,730,881.92 TOTAL EQUITY & OVER/(UNDER) 14,677,444.87 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 15,578,550.23 7-15-2020 08:25 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JUNE 30TH, 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 232,819.58 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 7,079,289.76 7-15-2020 08:25 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JUNE 30TH, 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 ( 288,461.96) REVENUE OVER/(UNDER) EXPENSES ( 708,038.51) TOTAL EQUITY & OVER/(UNDER) ( 6,945,824.62) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 133,465.14 Wylie Economic Development Corporation SALES TAX REPORT June 30, 2020 BUDGETED YEAR DIFF %DIFF MONTH FY 2017 FY 2018 FY 2019 FY 2020 19 vs. 20 19 vs. 20 DECEMBER $ 197,807.79 $ 184,848.59 $ 214,867.15 $ 226,663.94 $ 11,796.79 5.49% JANUARY $ 196,347.26 $ 191,895.71 $ 223,749.61 $ 218,520.22 $ (5,229.39) -2.34% FEBRUARY $ 276,697.76 $ 275,667.83 $ 307,366.66 $ 362,129.18 $ 54,762.52 17.82% MARCH $ 191,647.73 $ 182,852.50 $ 208,222.32 $ 228,091.34 $ 19,869.03 9.54% APRIL $ 168,844.20 $ 163,484.89 $ 182,499.53 $ 203,895.57 $ 21,396.05 11.72% MAY $ 244,816.19 $ 203,707.17 $ 274,299.18 $ 289,224.35 $ 14,925.18 5.44% JUNE $ 191,732.46 $ 199,412.29 $ 234,173.88 $ 239,340.35 $ 5,166.47 2.21% JULY $ 223,570.59 $ 213,976.64 $ 215,107.94 $ - $ - $ - AUGUST $ 261,573.00 $ 249,589.63 $ 283,602.93 $ - $ - $ - SEPTEMBER $ 210,974.00 $ 213,425.79 $ 243,048.40 $ - $ - $ - OCTOBER $ 195,549.11 $ 210,701.71 $ 224,875.38 $ - $ - $ - NOVEMBER $ 267,816.13 $ 273,196.62 $ 308,324.41 $ - $ - $ - Sub-Total $ 2,627,376.22 $ 2,562,759.35 $ 2,920,137.37 $ 1,767,864.96 $ 122,686.65 7.13% Audit Adj Total $ 2,627,376.22 $ 2,562,759.35 $ 2,920,137.37 $ 1,767,864.96 $ 122,686.65 7.13% WEDC SALES TAX ANALYSIS $400,000 - $350,000 $300,000 - $250,000 - - - $200,000 - - 02019 $150,000I-TJI- I ■2020 $100,000 - $50,000 $0 , I I I I I 1 1 I , c6 N -1 CD 8N V A O LL 2 2 5, Q (� O Z Wylie Economic Development Corporation PERFORMANCE AGREEMENT REPORT June 30,2020 TOTAL BUDGETED YEAR REMAINING PREVIOUS TOTAL INCENTIVE AFTER PAYMENTS INCENTIVE CURRENT FY PERFORMANCE AGREEMENTS FY 2019-2020 FY 2021 FY 2022 FY 2023 FY 2024 CSD WOODBRIDGE $ 1,100,000.00 $ 137,641.90 $ 150,000.00 $ 150,000.00 $ 63,446.45 $ - $ 363,446.45 $ 598,911.65 $ 1,100,000.00 A EXCO $ 80,000.00 $ 20,000.00 $ - $ - $ - $ - $ - $ 60,000.00 $ 80,000.00 B SAF-HOLLAND $ 208,883.01 $ 54,901.11 $ 85,810.58 $ - $ - $ - $ 85,810.58 $ 68,171.32 $ 208,883.01 C CARRIE ELLE $ 5,000.00 $ 2,500.00 $ - $ - $ - $ - $ - $ 2,500.00 $ 5,000.00 ROCKING M $ 89,500.00 $ 89,500.00 $ - $ - $ - $ - $ - $ - $ 89,500.00 DANK $ 83,000.00 $ 83,000.00 "' $ - $ - $ - $ - $ - $ 83,000.00 D DCU $ 106,003.13 $ 19,489.00 $ - $ - $ - $ - $ - $ 86,514.13 $ 106,003.13 SCSD-FINNELL,LTD $ 175,000.00 $ 87,500.00 $ 87,500.00 $ - $ - $ - $ 87,500.00 $ - $ 175,000.00 CARDINAL STRATEGIES $ 106,800.00 $ 32,000.00 $ 24,933.00 $ 24,933.00 $ 24,934.00 $ - $ 74,800.00 $ - $ 106,800.00 AVANT!,LLC $ 120,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ - $ 90,000.00 $ - $ 120,000.00 CROSS DEVELOPMENT $ 250,000.00 $ - $ 250,000.00 $ - $ - $ - $ 250,000.00 $ - $ 250,000.00 NORTH DALLAS,LLC $ 120,000.00 $ - $ 60,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 120,000.00 $ - $ 120,000.00 SAVANNAH WOODBRIDGE $ 90,000.00 $ - $ 45,000.00 $ 45,000.00 $ - $ - $ 90,000.00 $ - $ 90,000.00 WYLIE INSURANCE $ 27,500.00 $ - $ 15,000.00 $ 12,500.00 $ - $ - $ 27,500.00 $ - $ 27,500.00 CBC PROPERTY HOLDINGS $ 50,000.00 $ - $ 25,000.00 $ 25,000.00 $ - $ - $ 50,000.00 $ - $ 50,000.00 $ 2,611,686.14 $ 556,532.01 $773,243.58 $307,433.00 $ 138,380.45 $ 20,000.00 $ 1,239,057.03 $816,097.10 $ 2,611,686.14 Deferred Out Flow $ 851,800.00 A. SLSTX Reimbursement Qrtly Pmnts-Budgeted$150,000.(Q1 $30,392.64,Q2$34,538.16,Q3$32,711.10)-Est.$40,000 for Q4 B. Performance Agreeement and Forgiveable Land Grant.Remaining$70,000 scheduled in 2021 C. Performance Agreeement and Partial Tax Reimbursement.$45,000 for Job Creation&50%Reimb.of App Val.above the Baseline of$14,375,324 D. FY 2021 Reimbursement was pulled forward to FY 2020 to assist with COVID WY-If A IA: TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: C Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/13/2020 Exhibits: Subject Consider and act upon the award of a contract to Verity Group for the purchase of a printer in the amount of $9,300. Recommendation Motion to award a contract to Verity Group in the amount of$9,300, and further authorizing the Executive Director to execute any and all necessary documents. Discussion During the process of budget preparation for FY 2021, staff noted that the office printer/scanner has recently exhibited feeding and printing issues, lacks updated security features, and will soon be ineligible for service based on the age of the machine. The current WEDC office printer/scanner was purchased in 2011. The Board provided direction to Staff at the 5-22-20 meeting to move forward with the lease or purchase of a new copier/scanner within the current budget year. There are additional costs associated with the routine service and supply contract, however this item is already included in the proposed budget. Page 1 of 1 WY-If A IA: TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: 1 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 6/30/20 Exhibits: 1 Subject Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for 2020- 2021. Recommendation Staff recommends that the WEDC Board of Directors elect officers for the upcoming year. Discussion The Wylie City Council recently reappointed Mr. Tim Gilchrist to a three-year term as a Member of the Wylie Economic Development Corporation Board of Directors. He has been sworn in by the City Secretary's office. On an annual basis and following the selection of WEDC Board Members by the Wylie City Council, the WEDC elects officers for the upcoming year. Provided for your review is Section V- Officers icers of the WEDC Bylaws. Section V provides for the selection of officers and the duties of the same. The current WEDC Board Officers are: Demond Dawkins President John Yeager Vice President Melisa Whitehead Secretary Gino Mulliqi Treasurer Tim Gilchrist Board Member Attachment: WEDC Bylaws, Section V Page 1 of 1 4.14 Board's Relationship with Adm'uistrative Departments 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 department's budget for the costs of such services so provided. SECTION V OFFICERS 5.01 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 term 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. 8 Amended 5/25/99 5.04 President 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. 9 Amended 5/25/99 5.07 Treasurer 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. 5.09 Director of Economic 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. 5.10 Other Employees The Corporation may employ such full or part-time employees as needed to carry out the programs of the Corporation. 5.11 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. • 10 Amended 5/25/99 WYLIE9 TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: 2 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/15/20 Exhibits: 1 Subject Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2020-2021. Recommendation Staff recommends that the WEDC President establish a regular meeting date and time for 2020-2021. Discussion Section 4.07 of the WEDC Bylaws states that the President of the Board shall set a regular meeting date and time at the beginning of his/her term. WEDC Board Meetings are currently set for the third Wednesday of each month at 7:30 a.m. With officers elected via the previous Action Item, the WEDC President is required to establish the Regular Meeting date/time. Attached for our review is WEDC Bylaws, Section 4.07. Attachment: WEDC Bylaws, Section 4.07 Page 1 of 1 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. 4.05 Implied Duties 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 Meetings: Notice: Conduct 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 any 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 WY-If 4i IA: TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: 3 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/13/2020 Exhibits: Subject Consider and act upon the award of a contract to EDsuite for website services in the amount of$17,850. Recommendation Motion to award a contract to EDsuite in the amount of$17,850, and further authorizing the Executive Director to execute any and all necessary documents. Discussion As the Board will recall, WEDC staff had proposed a website redesign as a possible expense in the FY 2021 Budget. The current WEDC website was initially created in 2015. While staff has maintained and updated the site over the years, it is staff's opinion that the website needs a facelift and overall technology upgrade. Staff negotiated a multi-year contract that allows us to not only upgrade the website now, but also spread out the expense over several budget cycles. Instead of proposing a one-time payment, staff is requesting to approve the contract and budget $5,950/year for FY 2021 and FY 2022, with the first payment to be paid out of this current budget. There are additional costs associated with the contract due to hosting and 365 support,however both items were already included in the proposed budget. WEDC staff plans to have the new website live on or before January 1, 2021. Page 1 of 1 WYLIE9 TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22, 2020 Item Number: 4 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/13/20 Exhibits: 1 Subject Consider and act upon a Performance Agreement between the WEDC and WB Real Estate, LLC. Recommendation Motion to approve a Performance Agreement between the WEDC and WB Real Estate, LLC. Providing for a maximum infrastructure reimbursement incentive of $13,149 and further authorizing the WEDC Executive Director to execute said Agreement. Discussion As the Board will recall, WEDC staff presented Project 2020-4d back in April of 2020. After further analysis and Board direction, staff took the project to City Council on June 23, 2020. In accordance with Resolution No. 2019-17(R),the Wylie City Council authorized the WEDC to formalize negotiations with WB Real Estate and enter into a Performance Agreement with the same. WB Real Estate requested assistance from the WEDC specifically related to the unforeseen costs associated with boring and excavating under Highway 78. As you will recall,WB is constructing a new 3,500 square foot QSR adjacent to Chick-Fil-A, more specifically 350 S. Hwy 78 in Wylie, Texas. The following agreement outlines a maximum infrastructure reimbursement incentive of$13,149. The overall incentive represents 25% of the overall cost and is directly tied to the boring under Hwy 78. The Performance Measures and Incentive Payments are identified as follows: Incentive No. l $13,149 > Proof of Qualified Infrastructure investment of no less than$52,596 Should WB Real Estate 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. Page 1 of 2 Page 2 of 2 Economic Impact Analysis (EIA): The estimated valuation for this project is $2,308,884 or approximately $300/SF for the building and$20/SF for the land. With the WEDC's Infrastructure Reimbursement of$13,149, this project will generate an estimated $1.1MM in overall tax revenue for the City of Wylie over the next 10 years. So,for every $1 that the WEDC invests, this business is investing$88.44 in our community. PERFORMANCE AGREEMENT Between Wylie Economic Development Corporation And WB Real Estate, LLC. This Performance Agreement(the "Agreement") is made and entered into by and between the Wylie Economic Development Corporation ("WEDC"), a Texas corporation organized and existing under Chapter 501 of the Texas Local Government Code, known as the Development Corporation Act, as amended from time to time (the "Act") and WB Real Estate, LLC., a Texas limited liability company ("Company"). RECITALS WHEREAS, Company owns that certain tract of property located within the corporate limits of the City of Wylie, Texas (the "City"), consisting of 1.445 acres, more or less, located at 350 South Hwy 78, in the City of Wylie, Collin County, Texas, as more fully described in the attached Exhibit A(the "Property"); WHEREAS, the Company plans to construct a single-story building containing approximately 3,500 square feet of space on the Property in accordance with the site plan attached hereto and incorporated herein as Exhibit B (the "Facility"); WHEREAS, Company has requested financial and/or economic assistance from the WEDC to plan and construct certain infrastructure improvements to assist in the development of the Property, consisting of economic assistance for all hard and soft costs relating to the construction of public infrastructure and site improvements on or adjacent to the Property; WHEREAS, Section 501.103 of the Act states that the WEDC may provide funding for expenditures that are found by the Board of Directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises,limited to streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements(the "Qualified Infrastructure"); and WHEREAS, Company proposes to use the economic incentive for the construction of the Qualified Infrastructure which will include approved public infrastructure improvements and site improvements as may be amended from time to time, necessary for the development of the Property and which will benefit the surrounding properties, as generally described in the attached Exhibit C; and WHEREAS,the WEDC has found that the Qualified Infrastructure is necessary to promote or develop new or expanded business enterprises in the City and the WEDC has concluded that the Qualified Infrastructure constitutes a"project",as that term is defined in the Act, and is willing to provide Company with economic assistance as hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement; and PERFORMANCE AGREEMENT—Page 1 Project 2020-4d/WB Real Estate,LLC. WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of commercial properties within the City; and WHEREAS, the WEDC is willing to provide the Company with economic assistance hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement. NOW, THEREFORE, for and in consideration of the above recitals and the terms, conditions and requirements hereinafter set forth, the parties hereto agree as follows: 1. Economic Assistance. Subject to the terms of this Agreement and provided Company is not in default, the WEDC will provide Company economic assistance in the form of performance reimbursement incentives(the "Reimbursement Incentives") upon completion of the Performance Criteria set forth below. The total amount of economic assistance and/or incentives to be paid to the Company, including the Reimbursement Incentives, shall not exceed the cumulative sum of Thirteen Thousand One Hundred Forty-Nine Dollars($13,149.00). 2. Performance Obligations. The WEDC's obligation to pay Company the Reimbursement Incentives stipulated above is expressly contingent upon Company completing the following items(the "Performance Criteria") by the due dates set forth below: A. Incentive One. A maximum Reimbursement Incentive equal to Thirteen Thousand One Hundred Forty-Nine Dollars ($13,149.00), will be paid to the Company upon completion of the following Performance Criteria for Incentive One: i. Company shall supply documentation to the WEDC that the Qualified Infrastructure has been completed and that the cost of constructing the Qualified Infrastructure was at least Fifty-Two Thousand Five Hundred Ninety-Six Dollars ($52,596.00) no later than the September 30, 2020 (the "Qualified Infrastructure Deadline"); and ii. Proof of paid invoice from Schaffer Construction regarding the boring/tunneling under Hwy 78 or written letter of acceptance/completion of the looped power line from Oncor. Notwithstanding the foregoing, Company may request a ninety (90) day extension of the Qualified Infrastructure Deadline by delivering written notice thereof to the WEDC staff at least thirty (30) days prior to the expiration of the Qualified Infrastructure Deadline. In the event WEDC staff determines, in its sole and absolute discretion, that Company is making all such reasonable efforts, then the Qualified Infrastructure Deadline, as applicable, shall be extended by ninety (90) days. 3. WEDC Payment of Reimbursement Incentives. Subject to the terms and conditions of this Agreement, the Reimbursement Incentives shall be paid by WEDC to the Company within thirty(30) days after the applicable deadline for achievement of the Performance Criteria for such Reimbursement Incentives. PERFORMANCE AGREEMENT—Page 2 Project 2020-4d/WB Real Estate,LLC. 4. Default. The WEDC's obligation to pay any portion of the Reimbursement Incentives to Company will terminate or be reduced if Company defaults by not completing the Performance Criteria applicable to such Reimbursement Incentives as set forth in Section 2 of this Agreement. In the event Company fails to meet any of the Performance Criteria for Incentive One in Section 2 of this Agreement, the Reimbursement Incentives shall not be paid to the Company and WEDC shall have the right, but not the obligation, in WEDC's sole discretion, to terminate this Agreement. 5. Termination of Agreement. This Agreement may be terminated by mutual written consent of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in this Agreement, or as otherwise provided in this Agreement. 6. Economic Assistance Termination. Notwithstanding the terms of this Agreement, to the extent this Agreement is not earlier terminated, the WEDC's obligation to pay a portion or all of the Reimbursement Incentives to Company will expire upon the earlier of(i)the full payment of the Reimbursement Incentives, or(ii) December 31, 2020. 7. Miscellaneous. a. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of the Act,which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with the Act, the Act shall prevail. b. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. c. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns. This Agreement shall not be assignable by Company without the prior written consent of the WEDC, which consent will be at the sole and absolute discretion of the WEDC. d. Any notice required or permitted to be given under this Agreement shall be deemed delivered by hand delivery or depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any party hereto might specify in writing: WEDC: Mr. Jason Greiner Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, TX 75098 COMPANY: WB Real Estate, LLC. 300 Concord Plaza Drive San Antonio, TX. 78216 PERFORMANCE AGREEMENT—Page 3 Project 2020-4d/WB Real Estate,LLC. e. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all the parties hereto. f. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. g. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision thereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. h. Each signatory represents this Agreement has been read by the party for which this Agreement is executed and that such party has had an opportunity to confer with its counsel. i. Time is of the essence in this Agreement. j. The parties agree this Agreement has been drafted jointly by the parties and their legal representatives. By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated,that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. [SIGNATURE PAGE FOLLOWS] PERFORMANCE AGREEMENT—Page 4 Project 2020-4d/WB Real Estate,LLC. WEDC Board approved this 22nd day of July 2020, the Effective Date. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas Corporation By: Jason Greiner, Executive Director COMPANY: WB Real Estate, LLC., a Texas Limited Liability Company By: Name: Title: Exhibits: Exhibit A - Legal Description of the Property Exhibit B - Site Plan of the Facility Exhibit C - The Qualified Infrastructure PERFORMANCE AGREEMENT—Page 5 Project 2020-4d/WB Real Estate,LLC. EXHIBIT A Legal Description of the Property Being Lot 4RA,Railroad Industrial Park Addition,an addition to the City of Wylie,Collin County, Texas, according to the Map or Plat recorded in Volume 2009, Page 3, Map Records of Collin County, Texas. PERFORMANCE AGREEMENT—Page 6 Project 2020-4d/WB Real Estate,LLC. e T • DALCAS�� NOTES BY SYMBOL SUMMARY OF SITE DESIGN DESIRABLES s 1 N'4Pf1:1 TRANSIT x mxcaf_cure.sa sxErr__„rw xnruE C '� _ ��e ,�,eP SEE.e�9�ire,R',e �x TM aw'" e IA SEC MO UV RARE NOT 07:ROSE REQUIRED r.' / -4 ° cr - -� I ®▪ ---"R. —,�------,"— L s.TM xre C..., re.x, ...2x.M,�,P� € Tr \ I —, o I ®, exre aErex . e w. re�.L P o,'„roP, a w.... �8-..,..a",..a w;ro.E yrexs x w reE,,�.. � , ® ® O 0. 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W 1=14) Oe'""" ''"ne''e. x [LED _ _ }.Ec,a`E ,r COoe - - _ ,a we.,..POLE N.arse 1 W'"'"I'rI"'" - ,c Q ,r U • zI H U • O P. a EXHIBIT C The Qualified Infrastructure [SEE ATTACHED] PERFORMANCE AGREEMENT—Page 8 Project 2020-4d/WB Real Estate,LLC. WYLIE9 TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: May 22, 2020 Item Number: 5 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 5/14/20 Exhibits: 1 Subject Consider and act upon a Performance Agreement between the WEDC and First Miracle, Inc. Recommendation Motion to approve a Performance Agreement between the WEDC and First Miracle, Inc. providing for a maximum infrastructure reimbursement incentive of $11,800 and further authorizing the WEDC Executive Director to execute said Agreement. Discussion As the Board will recall, WEDC staff presented Project 2019-12c back in December of 2019. After further analysis and Board direction, staff took the project to City Council on June 23, 2020. In accordance with Resolution No. 2019-17(R), the Wylie City Council authorized the WEDC to formalize negotiations with First Miracle, Inc. and enter into a Performance Agreement with the same. First Miracle requested assistance from the WEDC specifically related to the installation of a fire suppression system in their 4,626 square foot building located in Historic Downtown Wylie,more specifically 101 N Ballard Avenue in Wylie, Texas. First Miracle plans to invest over $100,000 in the project. The following Agreement outlines a maximum infrastructure reimbursement incentive of $11,800. The incentive represents approximately 10% of the overall cost and is directly tied to the installation of the fire suppression system. The Performance Measures and Incentive Payments are identified as follows: Incentive No. 1 $11,800 ➢ Proof of Qualified Infrastructure investment no less than $11,800 ➢ Company is current on all ad valorem taxes and other property taxes Should First Miracle 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. Page 1 of2 Page 2 of 2 Economic Impact Analysis (EIA): With the building already on the tax rolls, we used the projected Sales Tax and BPP to estimate the EIA. With the WEDC's Infrastructure Reimbursement of$11,800 this project will generate an estimated$117,600 in overall tax revenue for the City of Wylie over the next 10 years. So,for every $1 that the WEDC invests, this business owner is investing$9.97 in our community. PERFORMANCE AGREEMENT Between Wylie Economic Development Corporation And First Miracle, Inc. This Performance Agreement(the "Agreement") is made and entered into by and between the Wylie Economic Development Corporation ("WEDC"), a Texas corporation organized and existing under Chapter 501 of the Texas Local Government Code, known as the Development Corporation Act, as amended from time to time (the "Act") and First Miracle, Inc., a Texas corporation ("Company"). RECITALS WHEREAS, Company owns a building located within the corporate limits of the City of Wylie, Texas (the "City"), located at 101 N. Ballard Avenue, in the City of Wylie, Collin County, Texas, (the "Property"); WHEREAS, Company has requested financial and/or economic assistance from the WEDC to plan and construct certain infrastructure improvements to assist in the development of the Property, consisting of economic assistance for all hard and soft costs relating to the construction of public infrastructure and site improvements on or adjacent to the Property; WHEREAS, Section 501.103 of the Act states that the WEDC may provide funding for expenditures that are found by the Board of Directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises,limited to streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements(the "Qualified Infrastructure"); and WHEREAS, Company proposes to use the economic incentive for the construction of the Qualified Infrastructure which will include approved public infrastructure improvements and site improvements as may be amended from time to time, necessary for the development of the Property and which will benefit the surrounding properties, as generally described in the attached Exhibit A; and WHEREAS,the WEDC has found that the Qualified Infrastructure is necessary to promote or develop new or expanded business enterprises in the City and the WEDC has concluded that the Qualified Infrastructure constitutes a"project",as that term is defined in the Act, and is willing to provide Company with economic assistance as hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement; and WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of commercial properties within the City; and PERFORMANCE AGREEMENT—Page 1 Project 2019-12c/First Miracle,Inc. WHEREAS, the WEDC is willing to provide the Company with economic assistance hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement. NOW, THEREFORE, for and in consideration of the above recitals and the terms, conditions and requirements hereinafter set forth, the parties hereto agree as follows: 1. Economic Assistance. Subject to the terms of this Agreement and provided Company is not in default, the WEDC will provide Company economic assistance in the form of performance reimbursement incentives(the "Reimbursement Incentives") upon completion of the Performance Criteria set forth below. The total amount of economic assistance and/or incentives to be paid to the Company, including the Reimbursement Incentives, shall not exceed the cumulative sum of Fifty Thousand Dollars($11,800.00). 2. Performance Obligations. The WEDC's obligation to pay Company the Reimbursement Incentives stipulated above is expressly contingent upon Company completing the following items(the "Performance Criteria") by the due dates set forth below: A. Incentive One. A maximum Reimbursement Incentive equal to Eleven Thousand Eight Hundred Dollars ($11,800.00), will be paid to the Company upon completion of the following Performance Criteria for Incentive One: i. The Qualified Infrastructure shall be constructed, inspected and approved by the City of Wylie(as evidenced by receipt of Approved Building Final Inspection and Approved Fire Final Inspection) no later than September 30, 2020 (the "Final Inspection Deadline"); a. Proof of Final Inspection will include a Final Fire Inspection and subsequent `pass' of the fire suppression system and Final Building Inspection. The WEDC can request a written letter from the Chief Building Official. ii. Company shall supply documentation to the WEDC that the Qualified Infrastructure has been completed and that the cost of constructing the Qualified Infrastructure was at least Eleven Thousand Eight Hundred Dollars ($11,800.00) no later than the Final Inspection Deadline; and iii. Company is current on all ad valorem taxes and other property taxes and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC. Notwithstanding the foregoing, Company may request a ninety (90) day extension of the Final Inspection Deadline by delivering written notice thereof to the WEDC staff at least thirty(30)days prior to the expiration of the Final Inspection Deadline. In the event WEDC staff determines, in its sole and absolute discretion, that Company is making all such reasonable efforts, then the Final Inspection Deadline, as applicable, shall be extended by ninety(90) days. PERFORMANCE AGREEMENT—Page 2 Project 2019-12c/First Miracle,Inc. 3. WEDC Payment of Reimbursement Incentives. Subject to the terms and conditions of this Agreement, the Reimbursement Incentives shall be paid by WEDC to the Company within thirty(30) days after the applicable deadline for achievement of the Performance Criteria for such Reimbursement Incentives. 4. Default. The WEDC's obligation to pay any portion of the Reimbursement Incentives to Company will terminate or be reduced if Company defaults by not completing the Performance Criteria applicable to such Reimbursement Incentives as set forth in Section 2 of this Agreement. In the event Company fails to meet any of the Performance Criteria for Incentive One in Section 2 of this Agreement, the Reimbursement Incentives shall not be paid to the Company and WEDC shall have the right, but not the obligation, in WEDC's sole discretion, to terminate this Agreement. 5. Termination of Agreement. This Agreement may be terminated by mutual written consent of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in this Agreement, or as otherwise provided in this Agreement. 6. Economic Assistance Termination. Notwithstanding the terms of this Agreement, to the extent this Agreement is not earlier terminated, the WEDC's obligation to pay a portion or all of the Reimbursement Incentives to Company will expire upon the earlier of(i)the full payment of the Reimbursement Incentives, or(ii) December 31, 2020. 7. Miscellaneous. a. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of the Act,which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with the Act, the Act shall prevail. b. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. c. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns. This Agreement shall not be assignable by Company without the prior written consent of the WEDC, which consent will be at the sole and absolute discretion of the WEDC. d. Any notice required or permitted to be given under this Agreement shall be deemed delivered by hand delivery or depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any party hereto might specify in writing: WEDC: Mr. Jason Greiner Executive Director Wylie Economic Development Corporation PERFORMANCE AGREEMENT—Page 3 Project 2019-12c/First Miracle,Inc. 250 South Highway 78 Wylie, TX 75098 COMPANY: First Miracle, Inc. 101 N Ballard Ave Wylie, TX. 75098 Attn: Bob Landon e. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all the parties hereto. f. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. g. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision thereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. h. Each signatory represents this Agreement has been read by the party for which this Agreement is executed and that such party has had an opportunity to confer with its counsel. i. Time is of the essence in this Agreement. j. The parties agree this Agreement has been drafted jointly by the parties and their legal representatives. By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated,that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. [SIGNATURE PAGE FOLLOWS] PERFORMANCE AGREEMENT—Page 4 Project 2019-12c/First Miracle,Inc. WEDC Board approved this 22nd day of July 2020, the Effective Date. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas Corporation By: Jason Greiner, Executive Director COMPANY: First Miracle, Inc., a Texas Corporation By: Name: Title: Exhibits: Exhibit A - The Qualified Infrastructure PERFORMANCE AGREEMENT—Page 5 Project 2019-12c/First Miracle,Inc. EXHIBIT A The Qualified Infrastructure [SEE ATTACHED] PERFORMANCE AGREEMENT—Page 6 Project 2019-12c/First Miracle,Inc. WYLIE9 TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: 6 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/13/20 Exhibits: 1 Subject Consider and act upon approval of the FY 2020-2021 WEDC Budget. Recommendation Staff recommends that the Board approve the FY 2020-2021 WEDC Budget as presented. Discussion Staff has worked closely with Finance to develop and update an accurate Beginning Fund Balance for FY 20-21. The WEDC has estimated$4,767,812 in available resources including a beginning fund balance of$1,475,636. Sales Tax projections are up for the year, so staff updated the projected revenues for the next couple of months. Staff also increased the FY 2020-2021 sales tax revenue to$2,968,437,up from the previous projection of$2,495,636. Incentives were increased to $1,130,310 with $300,000 allocated for Future Projects and$250,000 allocated for Cross Development. Debt Service was decreased from $812,518 to $444,131 assuming that the WEDC Board wishes to reduce the interest rate on the Brown & 78 loan and continue interest only for FY 2020-2021. Mrs. Collins with ANB will give a brief presentation during the Board Meeting and discuss additional options. Finally,$1,005,000 will be allocated to Infrastructure/Street&Alleys for development costs associated with the Brown & 78 site (median break/deceleration lanes &NTMWD waterline relocation), parking improvements along the Union Pacific Railroad property on Birmingham and the 544 waterline project. Staff presented the initial budget to Council on 7/14/20 with no questions or comments. However,the additional changes will need to be addressed with Council on 7/28/20. The WEDC Board can approve the budget as presented or we can table the item and bring it back for formal approval after the upcoming Council meeting. Page 1 of 1 WEDC 2021 Budget Revenue FY 19-20 FY 20-21 7/20/2020 Unreserved Beg Fund Bal. 286,072 1,475,636 31% Sales Tax 2,948,000 2,968,437 62% Interest Income: 6,000 6,000 of Bank Note Proceeds: 996,500 0 of Rental Income: 155,040 153,240 3% 106 N. Birmingham (1,000) 12,000 605 Commerce-200 ($2,000) 24,000 605 Commerce-201 ($1,435) 17,220 605 Comm-204($750x2;1000x10) 12,420 Steel Rd ($500) 6,000 711 Cooper ($400) 4,800 100 Oak 12,000 706 Cooper 4,800 Heath & Heath 60,000 153,240 Sale of Property: 1,452,726 164,500 3% Cooper St 60,000 Birmingham 104,500 164,500 Total Revenues: 4,767,812 Expenses FY 19-20 FY 20-21 Personnel Services 440,285 339,460 1o% Direct Comp. 306,054 244,066 Salaries 304,457 243,281 51110 Longevity Pay 1,597 784 51140 306,054 244,066 Other Comp. 65,308 37,830 Car Allowance 12,600 0 51210 Phone Allowance 4,656 0 51220 TMRS Retirement 48,052 37,830 51310 65,308 37,830 Insurance 68,923 57,565 Group Hospitalization&Life Ins. 41,595 36,389 51410 Long-Term Disability 1,736 1,387 51420 FICA 19,748 15,132 51440 Medicare 4,619 3,539 51450 Workers Compensation 415 308 51470 Unemployment Comp.TWC 810 810 51480 68,923 57,565 Operating Expenses 59,509 55,039 2% Supplies 10,495 11,400 of Office Supplies 5,000 52010 Postage& Freight 300 52040 Food Supplies 6,100 52810 11,400 Comp Sftw&Hdw Maint 3,000 5,500 0% 54810 In-line Annual Server Contract 2,000 Qrtly Main/Svc calls 2,000 Computer Equip 1,500 5,500 Rental Expense 29,328 27,000 1% 56180 250 S. Hwy 78 (2,250/mnth x 12) 27,000 27,000 Communications 9,376 5,936 0% 56110 Internet 2,400 Telephone 1,536 Verizon - Hot Spots 2,000 5,936 Insurance 4,310 2,803 0% 56310 General Liability 2,500 Bond 303 2,803 Utilities 3,000 2,400 0% 56610 Incentives 551,291 1,130,310 33% 56030 Cardinal 14,500 CSD Sales Tax 150,000 Cross Development 250,000 OSD 60,000 Savannah 45,000 SAF Holland-Tax Incentive 85,810 SCSD-Finnell 87,500 Taylor&Son 50,000 Yeager 27,500 Albert 25,000 Avanti 30,000 Ross 5,000 Future Projects 300,000 1,130,310 Special Services 120,871 90,145 3% 56040 Sales Tax Report 4,375 Janitorial (157.50/month) 1,890 Pest Control -Qrtly 380 Mowing (summer$900/mnth) 6,300 Leasehold Improvements 7,000 Traffic Counts 5,000 Retail Coach 12,500 Consulting 5,000 Property Management 12,000 Demolition 30,700 Interlocal Agreement 5.000 90,145 Advertising 137,600 114,100 3% 56080 Connection Magazine-2 3,000 In &Around -2 3,500 Social Media 7,000 Regional Marketing Initiative 50,000 Wylie Logistics Park 25,000 Promotional Materials 5,000 Audio Ads 600 Website 10,000 Miscellaneous: 10,000 114,100 Community Development _ 43,350 44,550 1% 56090 Community 7,950 Education 5,600 Workforce 11,450 BRE Industry Events 19,550 44,550 Travel,Training& Recruitment 31,317 62,600 2% 56210 TEDC 12,000 TEDC Sales Tax Training-3 600 ICSC 12,000 Wylie Days/Collin Cty Days 10,000 Retail Live 1,000 TEDC Training-Asst 2,000 IEDC Training-Asst Director 4,000 IEDC/TEDC Training- Director 1,000 Ind/Office Recruitment Lead Gen 10,000 Sporting Events/Prospect Dev 10,000 62,600 Dues &Subscriptions 19,567 30,018 1% 56250 Professional Associations 3,160 Community Associations 6,650 Technology 18,708 Miscellaneous 1,500 30,018 Audit& Legal 23,000 33,000 1% 56510 Audit 3,000 Legal 30,000 33,000 Engineering&Architectural 15,000 87,500 3% 56570 Surveys 5,000 Engineering 75,000 Environmental 5,000 Misc. 2,500 87,500 Debt Service 2,267,432 444,131 13% 57110 Wdbg Parkway o Dallas Whirl ($20,249.03) 242,988 Grays/Jarrard ($3,109.15) 37,310 Brwn &78($13,652.73) 163,833 444,131 Capital Outlay 674,664 1,007,500 29% Land / Purchase 0 0% 58110 Infrastructure Projects/Streets &Alleys 1,005,000 29% 58210 Birmingham Parking 80,000 Downtown Alley 125,000 NTM W D 425,000 544 Waterline 250,000 Brown & 78 Median 125,000 1,005,000 Computer 0 0% 58810 Furniture & Fixtures _ 2,500 0% 58830 Contra Capital 0 0% 58995 Total Expenses: 3,438,353 Revenues $ 4,767,812.42 Less Expenses: $ 3,438,353.36 Ending Fund Balance $ 1,329,459.06 WYLIE TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: July 22,2020 Item Number: 7 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 7/15/20 Exhibits: 3 Subject Staff report: WEDC Property Update,Regional Housing Permits,Downtown Parking,WEDC Activities and Programs. Recommendation No action is requested by staff for this item. Discussion Staff will lead a discussion regarding WEDC Properties,Regional Housing Permits,Downtown Parking,and provide an overall review of issues surrounding WEDC Activities and Programs. Page 1 of 1 Regional Housing Permits Wylie Lavon 12 13 14 15 16 17 18 19 20 12 13 14 15 16 17 18 19 20 Jan 16 18 14 46 9 ® 41 28 45 Jan 4 5 4 6 2 12 2 3 1 Feb ® 14 20 ® 4 36 54 ® 30 Fe. 2 5 11 6 5 1 7 0 15 Mar 18 m 30 ® 43 ® 61 26 45 Mar 6 3 17 8 3 0 1 1 1 Al29 38 10 ® 41 70 49 ®® Apr 12 24 7 11 1 1 17 0 12 May 20 in 26 68 101 45 48 40 30 May 0 9 17 4 4 11 7 0 0 Jun I III9 El58 98 47 ®0 Junl 2 5 12 5 1 7 15 0 10 Jul 18 29 36 34 60 63 56 ■ Jul 3 1 14 12 1 1 11 0 Aug 1 19 19 30 ®m 50 m■ Aug 6 3 1 5 0 12 0 0 Sep ® 8 m 24 18 46 ®®■ Sep 7 6 2 7 0 5 9 0 Oct 28 30 ®® 26 ® 45 ®■ Oct 2 1 9 5 0 0 7 2 Nov 14 18 20 ®m 42 34 28 ■ No 3 2 1 2 0 14 3 0 Dec 16 ® 65 38 39 18 16 ®■ De 1 4 5 6 0 40 0 30 TOTAL 230 236 280 483 409 507 ® 409 209 TOTA 48 68 100 77 17 104 79 36 39 Murphy Sachse 12 13 14 15 16 17 18 19 20 12 13 14 15 16 17 18 19 20 Jan El 26 DUDU 0 0 8 Jan 8 13 18 14 16 4 15 6 8 Feb 14 4 ©© 4 © 6 0 © Feb 11 8 29 17 31 15 9 5 10 Mar I 6 8 4 © 4 0 ©® Mar 12 1 13 24 31 23 5 4 3 AprDEE 8ig 0 24 Apr 4 13 17 12 24 15 2 1 4 May 14 pp©© 0 0 10 0 May 17 10 21 6 21 15 9 4 0 Jun 19 ® 6 li 4 0 0 4 © Jun 17 14 16 38 25 14 3 1 8 Jul 16 0® 4 © 8iii 10 ■ Jul 14 15 30 12 22 17 4 4 Aug 13 ® 16 ©® 0 0 4 ■ Aug 19 10 29 41 32 8 6 6 Sep 10 10 ©© 6 0 0 ©■ Sep 12 17 23 27 20 3 2 2 Oct 16 16 4 0 © 0 0 4 ■ Oct 15 25 18 31 29 10 6 4 Nov 17 ©©© 6 0 num Nov 9 12 27 26 12 6 6 3 Dec 7 ® 4 0 00© 9 ■ Dec 10 11 39 12 11 2 3 5 TOTAL 149 149 94 ®m®®® 29 TOTAL 148 149 280 260 274 132 70 45 33 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 16 10 19 m 9 0® 40 8 14 ® 18 2 164 17 10 ® 26 29 18 30 16 m 20 14 19 18 229 18 30 El 24 ®® 18 El 8 14 31 9 261 19 4 9 El16 ©©©E 16 30 4 15 El 20 18 m 20 34 ® 19 ■■■■ ® Wylie Economic Development Corporation Inventory Subledger June 30, 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. Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 300,493 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 Street 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 City of Wylie Pending ROW Purchase/Alleys 1.88 0 0 81,713 Collin County Pending SWC Hwy 78 & Marble 0.36 0 0 75,964 Collin County Pending NWC Hwy 78 & Marble 1.23 0 0 296,152 4,753,314 Total 38.88 $1,871,766 72,479 $12,088,145 $12,088,145 *A Journal entry was made by auditors to adjust the cost of the Hughes land by$4,638.79. This amount was for taxes owed and not part of land value. "Prime Kuts total purchase price was$306,664.45.The distribution between 207 Industrial and R.O.W. purchased was developed by Seller for tax purposes. ("") Costs Basis adjusted for partial sale of property(.28 acres or 22.76%of the property at a cost basis of$170,755.53).