09-10-2019 (Parks & Recreation 4B) Minutes Wylie Parks and Recreation
IN Facilities Development
CITY OF Corporation (4B)
WYLIE
Minutes
Regular Meeting
September 10,2019—6:00 p.m.
Wylie Municipal Complex—Council Chambers
300 Country Club Road, Bldg. 100
Wylie, TX 75098
CALL TO ORDER THE WYLIE PARKS & RECREATION FACILITIES DEVELOPMENT
CORPORATION(4B)
Chair Eric Hogue called the Wylie Parks and Recreation Facilities Development Corporation (4B)
meeting to order at 7:59 p.m. The following members were present: Chair Eric Hogue, board members,
Daniel Chesnut,David Dahl,Matthew Porter,David R.Duke, Emmett Jones, and Scott Hevel.
1.(4B) Consider, and act upon, approval of the Minutes from the September 11, 2018 Special
Called Meeting of the Wylie Parks and Recreation Facilities Development Corporation (4B). (S.
Storm, City Secretary)
4B Board Action
A motion was made by board member Porter, seconded by board member Duke, to approve the minutes
from the September 11, 2018 Special Called Meeting of the Wylie Parks and Recreation Facilities
Development Corporation(4B). A vote was taken and the motion passed 7-0.
2.(4B) Consider, and act upon, the appointment of the Wylie Parks and Recreation Facilities
Development Corporation (4B) President and Vice-President for a term beginning January 1,2019
and ending December 31,2020. (S. Storm, City Secretary)
4B Board Action
A motion was made by board member Duke, seconded by board member Dahl, to appoint Chris Hoisted
as President and Renae 011ie as Vice President of the Wylie Parks and Recreation Facilities Development
Corporation(4B). A vote was taken and the motion passed 7-0.
3.(4B) Consider, and act upon, approval of the FY 2019-2020 4B Budget and authorize
expenditures for the FY 2019-2020 Community Services Facilities Capital Improvement Plan. (M.
Beard, Finance Director)
Minutes September 10,2019
Wylie Park and Recreation Facilities Development Corporation(4B)
Page 1
Staff Comments
Finance Director Beard addressed the Wylie Parks and Recreation Facilities Development Corporation
(4B) stating the 4B Corporation was established to promote park and recreational development within the
city of Wylie. The activities of the 4B Corporation are accounted for in two separate fund types: the 4B
Sales Tax Revenue Fund and the 4B Debt Service Fund. Sales taxes are levied in Wylie at 8.25% of
goods and services sold within the city's boundaries. Departments in this fund include the Brown House,
senior activities, Parks, Recreation Center, Stonehaven House, and sales tax combined services. Beard
reported the proposed revenues, expenditures, and use of fund balance for one-time expenditures leaves a
healthy fund balance almost three times the requirement, and the budget also includes a transfer to the 4B
Debt Service Fund in the amount of$389,050 which will leave a debt repayment balance of$1,941,800
after the 2020 budget. The 4B budget was approved by Council earlier this evening.
4B Board Action
A motion was made by board member Porter, seconded by board member Chesnut, to approve the
FY2019-2020 4B Budget as passed and amended by Council and authorize expenditures for the FY2019-
2020 Community Services Facilities Capital Improvement Plan. A vote was taken and the motion passed
7-0.
ADJOURN 4B BOARD
With no further business before the board, Chair Hogue adjourned the meeting at 8:05 p.m. Consensus of
the board was to adjourn.
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Minutes September 10,2019
Wylie Park and Recreation Facilities Development Corporation(4B)
Page 2