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10-21-2020 (WEDC) Agenda Packet
WYLIE, TX NOTICE OF MEETING ECONOMIC DEVELOPMENT CORPORATION Regular Meeting Agenda October 21, 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 September 16, 2020 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the September 2020 WEDC Treasurer's Report. ACTION ITEMS 1. Consider and act upon a Performance Agreement between the WEDC and GDA Investments, LLC. —Series 53. WEDC—Agenda October 21, 2020 Page 2 of 3 DISCUSSION ITEMS 2. Staff report: WEDC Property Update, Engineering Report, Downtown Parking, Upcoming Events, 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 &Alanis • State Highway 78 &Ballard • State Highway 78 &Birmingham • State Highway 78 &Brown • State Highway 78 &F.M. 544 • Regency& Steel 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 2018-9b • Project 2018-1Oc • Project 2019-3a • Project 2020-7a RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session ADJOURNMENT CERTIFICATION WEDC—Agenda October 21, 2020 Page 3 of 3 I certify that this Notice of Meeting was posted on this 16th day of October 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 September 16, 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 8:30 a.m. Board Members present were John Yeager,Melisa Whitehead, and Gino Mulliqi. Tim Gilchrist arrived at 8:31 a.m. Ex-officio member City Manager Chris Hoisted was present. WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, and Senior Assistant Rachael Hermes. INVOCATION& PLEDGE OF ALLEGIANCE President 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. A. Consider and act upon approval of the August 19, 2020 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the August 2020 WEDC Treasurer's Report. Board Action A motion was made by John Yeager, seconded by Melisa Whitehead, to approve the Consent Agenda as presented. A vote was taken,and the motion passed 5-0. ACTION ITEMS 1. Consider and act upon a Real Estate Sales Contract and a Performance Agreement between the WEDC and LUV-ROS HOLDINGS,LLC. Staff Comments Staff noted that this Agreement was previously approved by both the Board and City Council and is related to the Dan Ross/Ken Ross, Inc. expansion on Cooper Drive. Staff discussed the Real Estate Contract and Performance Agreement and detailed that the terms include a forgivable note of$60,000 and an additional provision of$10,000 for assistance with the expansion. Staff noted that the building permit for this project has been received.There are flood plain issues on the south side of the building to be resolved with FEMA, but staff does not anticipate the issues to impact WEDC—Minutes September 16, 2020 Page 2 of 4 the 18-month project deadline. The Estimated Impact Analysis (EIA) for this project shows a 2.4- year payback on the$70,000 financial participation by the WEDC. Board Action A motion was made by Gino Mulliqi, seconded by John Yeager, to approve a Real Estate Sales Contract and a Performance Agreement between the WEDC and LUV-ROS HOLDINGS,LLC and further authorize WEDC President Dawkins to execute all documentation necessary to effectuate the transactions. A vote was taken, and the motion passed 5-0. Tabled from 8-19-20 Remove from Table and consider: 2. Consider and act upon a Performance Agreement between the WEDC and GDA Investments, LLC.—Series 53. Staff Comments Staff advised that additional information had been received and recommended that the Board remove this Item from Table and take no action at this time. Board Action A motion was made by John Yeager, seconded by Gino Mulliqi, to remove the Item from Table and take no action. A vote was taken, and the motion passed 5-0. DISCUSSION ITEMS 3. Staff report: WEDC Property Update, Downtown Parking, upcoming events, WEDC Activities and Programs. Staff updated the Board regarding sales tax revenues for July, stating that revenues are up 6.67% over the same month last year. Sales tax revenues are up 10% year over year and are in line with projections made in the budgeting process. Staff noted the Interlocal Agreement between the City of Wylie and WEDC. A meeting will be held with the Attorney and the City/WEDC to determine the necessity of an interlocal agreement. Staff noted that rent payments for WEDC-owned properties are current. Staff displayed updated images of ongoing projects and updated the Board regarding the demolition process, noting that structures on both 204 and 208 N. 2' Street had been demolished. Staff provided images of two trees that are scheduled for removal at 503 S.Ballard due to their location near the drainage system and neighboring apai tiuent complex. Staff discussed properties at Kirby and Commerce related to demolition/rent and will provide additional information to the Board. "No Parking" and"Towing Enforced" signs will be put into place as-needed on WEDC-owned properties to address ongoing Code Compliance issues. Political signs have been removed as-needed on WEDC-owned properties. License Agreements for any potential use of WEDC-owned property will be reviewed. Union Pacific has been sent concept plans for downtown parking and discussions have been ongoing with city staff. Staff provided a map of the proposed parking area between Marble&Oak and discussed the potential for circular motion of downtown traffic and a possible southbound-only connector. Staff noted that further discussion would take place and the city/engineers would ultimately make these decisions. WEDC—Minutes September 16, 2020 Page 3 of 4 Staff noted that Manufacturing Day is October 2"d. The Manufacturing Day Proclamation will be presented at the September 22"d City Council Meeting and local manufacturers will attend the meeting. Board Members were invited to attend if available. A Proclamation from the Governor's Office has been requested as well. Sales Tax Training Workshops, which also satisfy required Open Records Training, are available through TEDC for the Board and/or City Council. Staff noted that the 2020 TEDC Annual Conference,2020 IEDC Annual Conference,and TEDC Basic Conference will all be held virtually in October. Staff discussed website updates,video production for downtown, and the completion of Team Up to Fight Hunger animation.The process for annual staff reviews has been formalized and is in place moving forward. Staff provided samples related to the creation of a WEDC logo. The Board discussed using city processes/templates to streamline activities of the WEDC while also ensuring that a new logo provides clarity regarding the separate role of the WEDC in the City of Wylie. Staff will revisit and provide additional information and updates to the Board. EXECUTIVE SESSION Recessed into Closed Session at 8:53 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 • State Highway 78 &F.M. 544 • F.M. 544 & Commerce • Jackson& Oak 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 2019-3a • Project 2019-1 lb • Project 2019-12a • Project 2020-4a • Project 2020-4c Board Member Whitehead left at 9:50 a.m. at the close of Executive Session. RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session President Demond Dawkins reconvened into Open Session at 9:50 a.m. WEDC—Minutes September 16, 2020 Page 4 of 4 ADJOURNMENT With no further business,President Dawkins adjourned the WEDC Board meeting at 9:50 a.m. Demond Dawkins, President ATTEST: Jason Greiner,Executive Director WYLIE9 TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: October 21,2020 Item Number: B Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 10/15/20 Exhibits: 5 Subject Consider and act upon approval of the September 2020 WEDC Treasurer's Report. Recommendation Motion to approve the September 2020 WEDC Treasurer's Report. Discussion Presented for the Board's review and approval is the September 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. TRANSFERS: $30,000 from Incentives to Special Services $1,600 from Incentives to Engineering Architecture REVENUES: Sales Tax Revenue earned in July, allocated in September, was $259,247, an increase of 6.67% over the same period in 2019. EXPENSES: Incentives $29,549.68 CSD Woodbridge (Quarterly Sales Tax Incentive: April- June 2020) $32,638.95 CSD Woodbridge (Quarterly Sales Tax Incentive: July-Sept 2020) Special Services $37,500.00 Demolition- 503 S Ballard, 204 &208 N 2nd St. $33,623.80 TCEQ Environmental Work-Hwy 78 & Brown Page 1 of 1 Wylie Economic Development Corporation MONTHLY FINANCIAL REPORT September 30,2020 ANNUAL CURRENT PRIOR YEAR PO YTD YTD ACTUAL BUDGET BALANCE "/OF BUDGET BUDGET MONTH ADJUST. ENCUMBRANCE ACCOUNT DESCRIPTION FY 2019-2020 FY 2019-2020 FY 2019-2020 FY 2019-2020 REVENUE SUMMARY CLAIM ON CASH/Bal Sheet $ 286,072.00 $ 1,716,054.22 SALES TAX $ 2,948,400.00 $ 508,614.91 $ - $ 2,898,538.51 $ - $ 49,861.49 98.31% A ALLOCATED INTEREST EARNING: $ 6,000.00 $ 73.37 $ - $ 3,927.16 $ - $ 2,072.84 65.45% RENTAL INCOME $ 155,040.00 $ 12,620.00 $ - $ 155,517.00 $ - $ (477.00) 100.31% 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 $ 521,308.28 $ - $4,566,208.14 $ - $ 1,321,957.86 77.55% EXPENDITURE SUMMARY PERSONNEL $ 440,285.00 $ 24,006.35 $ - $ 489,931.43 $ - $ (49,646.43) 111.28% OPERATING EXPENSES $ 73,509.00 $ 2,123.63 $ - $ 63,045.15 $ 257.30 $ 10,206.55 86.12% C INCENTIVES $ 519,691.00 $ 62,188.63 $ - $ 499,400.73 $ - $ 20,290.27 96.10% D SPECIAL SERVICES $ 242,871.00 $ 95,222.16 $ - $ 242,264.54 $ 259.76 $ 346.70 99.86% ADVERTISING $ 77,600.00 $ 10,625.00 $ - $ 55,230.21 $ 166.50 $ 22,203.29 71.39% COMMUNITY DEVELOPMENT $ 43,350.00 $ 282.87 $ - $ 33,070.65 $ 2,001.83 $ 8,277.52 80.91% TRAVEL&TRAINING $ 31,317.00 $ 805.00 $ - $ 15,508.23 $ 6,897.11 $ 8,911.66 71.54% DUES&SUBSCRIPTIONS $ 19,567.00 $ 145.32 $ - $ 14,949.46 $ 85.00 $ 4,532.54 76.84% AUDIT&LEGAL $ 23,000.00 $ 1,080.00 $ - $ 21,127.52 $ 1,533.00 $ 339.48 98.52% ENGINEERING&ARCHITECTURAL $ 36,600.00 $ - $ - $ 31,416.60 $ 5,100.00 $ 83.40 99.77% DEBT SERVICE $ 2,267,432.00 $ 52,160.85 $ - $ 2,045,625.36 $ - $ 221,806.64 90.22% LAND $ 1,456,906.00 $ - $ - $ 1,315,858.03 $ - $ 141,047.97 90.32% B INFRASTRUCTURE PROJECTS $ 573,000.00 $ - $ - $ 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 $ 248,639.81 $ - $3,512,558.51 $ 16,300.50 $ 2,276,768.99 60.78% REV OVER/(UNDER) EXPEN $ 82,538.00 $ 272,668.47 $ - $1,053,649.63 $ (16,300.50) $ (954,811.13) A. SLSTX Rev earned in July,allocated in Sept.,was$259,257.89,an increase of 6.67%over the same period in 2019. Sales Tax received for 10 months of FY due to 2 month accrual to prior FY. B. Property Acquistions near Hwy 78 and Brown:City ROW,Collin County Properties,TxDOT pending 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. D. Incentives paid this month include two CSD SLSTX Reimb. Wylie Economic Development Corporation Statement of Net Position As of September 30, 2020 Assets Cash and cash equivalents $ 1,718,054.22 Receivables $ 70,000.00 Note 1 Inventories $ 12,088,145.50 Prepaid Items $ - Total Assets $ 13,876,199.72 Deferred Outflows of Resources Pensions $ 134,955.55 Total deferred outflows of resources $ 134,955.55 Liabilities Accounts Payable and other current liabilities $ 85,144.16 Unearned Revenue $ 40,200.00 Note 2 Non current liabilities: Due within one year $ 105,151.21 Note 3 Due in more than one year $ 5,529,593.69 Total Liabilities $ 5,760,089.06 Deferred Inflows of Resources Pensions $ (1,490.41) Total deferred inflows of resources $ (1,490.41) Net Position Net investment in capital assets $ - Unrestricted $ 8,252,556.62 Total Net Position $ 8,252,556.62 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 10-19-2020 08:39 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: SEPTEMBER 30TH, 2020 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 1,716,054.22 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 249,357.02 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 831,600.00 14,957,156.74 TOTAL ASSETS 14,957,156.74 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 1.73 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 6,987.36 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 10-19-2020 08:39 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: SEPTEMBER 30TH, 2020 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 78,095.07 2000-20210 ACCOUNTS PAYABLE 0.00 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 831,600.00 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 956,944.16 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 4,566,208.14 TOTAL EXPENSES 3,512,558.51 REVENUE OVER/(UNDER) EXPENSES 1,053,649.63 TOTAL EQUITY & OVER/(UNDER) 14,000,212.58 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 14,957,156.74 10-19-2020 08:39 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: SEPTEMBER 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 0.00 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 4,095,819.31 2000-28245 ANB LOAN/DALLAS WHIRLPOOL 853,096.83 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 5,634,744.90 10-19-2020 08:39 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: SEPTEMBER 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 ( 1,733,006.82) REVENUE OVER/(UNDER) EXPENSES 736,506.35 TOTAL EQUITY & OVER/(UNDER) ( 5,501,279.76) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 133,465.14 Wylie Economic Development Corporation SALES TAX REPORT September 30, 2020 BUDGETED YEAR DIFF % DIFF I 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% 1 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 $ 296,954.00 $ 81,846.06 38.05% AUGUST $ 261,573.00 $ 249,589.63 $ 283,602.93 $ 325,104.34 $ 41,501.40 14.63% SEPTEMBER $ 210,974.00 $ 213,425.79 $ 243,048.40 $ 259,257.89 $ 16,209.49 6.67% 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 $ 2,649,181.19 $ 262,243.60 10.92% Total $ 2,627,376.22 $ 2,562,759.35 $ 2,920,137.37 $ 2,649,181.19 $ 262,243.60 10.92% WEDC Sales Tax Analysis I $400,000 $350,000 $300,000 $250,000 $200,000 2019 $150,000 ■2020 $100,000 $50,000 $0 t SA ato r s` eo ca t t QQ S �a�o� �aa �� fa a J� e? o� . e , Qe �e �o Wylie Economic Development Corporation PERFORMANCE AGREEMENT REPORT September 30, 2020 TOTAL BUDGETED YEAR REMAINING PREVIOUS TOTAL INCENTIVE AFTER PAYMENTS INCENTIVE PERFORMANCE AGREEMENTS FY 2019-2020 FY 2021 FY 2022 FY 2023 FY 2024 CURRENT FY CSD WOODBRIDGE $ 1,100,000.00 $ 129,437.89 $ 150,000.00 $ 150,000.00 $ 41,257.82 $ - $ 341,257.82 $ 629,304.29 $ 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 FIRST MIRACLE, INC(LANDON) $ 11,800.00 $ - $ 11,800.00 $ - $ - $ - $ 11,800.00 $ - $ 11,800.00 $2,623,486.14 $ 548,328.00 $785,043.58 $307,433.00 $116,191.82 $20,000.00 $1,228,668.40 $846,489.74 $2,623,486.14 Deferred Out Flow $ 831,600.00 A. SLSTX Reimbursement Qrtly Pmnts 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 WYLIE9 TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: October 21, 2020 Item Number: 1 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 10/16/20 Exhibits: 1 Subject Consider and act upon a Performance Agreement between the WEDC and GDA Investments, LLC.—Series 53. Recommendation Motion to approve a Performance Agreement between the WEDC and GDA Investments, LLC. — Series 53. Providing for a maximum infrastructure reimbursement incentive of $30,500 and further authorizing the WEDC Executive Director to execute said Agreement. Discussion As the Board will recall, WEDC staff presented Project 2019-12a 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 GDA Investments, LLC. —Series 53 and enter into a Performance Agreement with the same. GDA requested assistance from the WEDC specifically related to the construction of a new 5,800 square foot office building in Regency Business Park, more specifically 53 Steel Road in Wylie, Texas. GDA plans to invest over$1,000,000 on Phase I of the project over the next 18 months. The following Agreement outlines a $30,500 infrastructure reimbursement incentive, payable over a two-year period. The Performance Measures and Incentive Payments are identified as follows: Incentive No. 1 $20,000 > Proof of Certificate of Completion by December 31, 2021; and ➢ Proof of Qualified Infrastructure investment of no less than $30,500 > Company is current on all ad valorem taxes and other property taxes. Incentive No. 2 $10,500 ➢ Proof of Certificate of Occupancy one year from the anniversary of CC; and Page 1 of 2 Page 2 of 2 > Proof of Certificate of Completion on an additional 5,000 square feet one year from the anniversary of CC; and > Company is current on all ad valorem taxes and other property taxes. Should GDA Investments 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. Economic Impact Analysis (EIA): The estimated valuation for this project is approximately $100/SF or $1,180,000. With the WEDC's Infrastructure Reimbursement of $30,500, this project will generate an estimated$195,177 in overall tax revenue for the City of Wylie over the next 10 years. For every $1 that the WEDC invests, this developer is investing$6.40 in our community. PERFORMANCE AGREEMENT Between Wylie Economic Development Corporation And GDA Investments, LLC.—Series 53 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 GDA Investments,LLC.—Series 53., 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 3.003 acres, more or less, located at 53 Steel Rd, 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 office building containing approximately 10,800 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, 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 GDA Investments,LLC.—Series 53—Performance Agreement 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 Thirty Thousand Five Hundred Dollars ($30,500.00). 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 of Twenty Thousand Dollars ($20,000.00) will be paid to the Company upon completion of the following Performance Criteria for Incentive One: i. The 5,800 Square Foot Facility shall be constructed (as evidenced by a Certificate of Completion) no later than December 31, 2021 (the "CC Deadline") and the issuance date of CC will become the"CC Anniversary Date"; 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 Thirty Thousand Five Hundred Dollars ($30,500.00)no later than the CC Deadline; and iii. Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and 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 Certificate of Completion Deadline by delivering written notice thereof to the WEDC Staff at least thirty (30) days prior to the applicable deadline, along with documentation demonstrating that Company is making all reasonable efforts to obtain the Certificate of Completion for the Facility, as applicable. In the event WEDC Staff determines, in its sole GDA Investments,LLC.—Series 53—Performance Agreement and absolute discretion, that Company is making all such reasonable efforts, then the Certificate of Completion deadline, as applicable, shall be extended by ninety(90) days. B. Incentive Two. A maximum Reimbursement Incentive of Ten Thousand Five Hundred Dollars ($10,500.00) will be paid to the Company upon completion of the following Performance Criteria for Incentive Two: i. The 5,800 Square Foot Facility shall be completed(as evidenced by a permanent Certificate of Occupancy) no later than one (1) year from the anniversary of the CC Anniversary Date; and ii. Company shall provide evidence of an additional 5,000 Square Foot Building or Addition (as evidenced by a Certificate of Completion or letter from Chief Building Official) no later than one (1) year from the anniversary of the CC Anniversary Date; and iii. Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC. 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) March 31, 2023. 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 GDA Investments,LLC.—Series 53—Performance Agreement 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: GDA Investments, LLC—Series 53 2800 Exchange Street Wylie, TX 75098 Attn: Alejandro Luna 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. GDA Investments,LLC.—Series 53—Performance 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] GDA Investments,LLC.—Series 53—Performance Agreement WEDC Board approved this day of , 2020, the Effective Date. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas Corporation By: Jason Greiner, Executive Director COMPANY: GDA Investments, LLC. — Series 53, 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 GDA Investments,LLC.—Series 53—Performance Agreement EXHIBIT A Description of the Property Metes and Bounds Description SITUATED in the State of Texas, County of Collin and City of Wylie, being part of the William Sachse Survey, Abstract No. 835, and being part of a called 9.6129 acre tract of land as recorded in Volume 2453, Page 536 of the Collin County Land Records with said premises being more particularly described as follows: BEGINNING at n P.K Nail 'mind in the center line of Steel Read (60' road right—of—way easement as recorded in Volume 1849, Page 48 of the Collir County Land Records), being in the north line of said 9.6129 acre tract, being in the south line of a 30' dedicated road right—of—way recorded in Volume Q, Page 252 of the Collin County Map Records, marking the northwest corner of the herein described premises, and marking the northeast corner of a City of Wylie called 0.224 acre tract as recorded in Volume 2001, Page 31 of the Collin County Land Records; THENCE with the center line of Steel Road, the north line of said 9.6129 acre tract, the south line of said 30' dedicated road right—of—way, and the north line of said premises, North 69156'23" East (Basis of Bearings), 47.23 feet to a paint marking the northeast corner of said premises, from which a found P.K. nail bears North 89'56'23" East, 13.16 feet; THENCE deporting said roadway and crossing through said 9.6129 acre tract, end along on easterly line of said premises, South 00'00'42" West, 401.29 feet to a Roome capped iron rod set in the south line of said 9.6129 acre tract, the north line of a called 0.964 acre tract as recorded in Volume 4470, Page 1697 of the Collin County Land Records, and marking the most easterly southeast corner of said premises; THENCE continuing with an easterly line of said premises, and a common line between said 9.6129 acre tract and called 0.964 acre tract as follows: South 70°06'46" West, 42.16 feet to a 5/8" iron rod found for corner, and South 01122'28" West, 150.48 feet to a point marking the most southerly southeast corner of said 9.6129 acre tract, said premises, the southwest corner of said 0.964 acre tract, from which a 5/8' iron rod found for reference bears North 89'52'11" East, 0.41 feet, said point for corner being in the north line of Lot 1, Block 1 of New Heights Baptist Church Addition as recorded in Volume 2008, Page 163 of the Collin County Map Records; THENCE with the south line of said 9.6129 acre tract, the south line of said premises, and the north line of said Lot 1, Block 1 of New Heights Baptist Church Addition, South 89'52'11" West, 228.43 feet to a Roome copped iron rod set marking the southwest corner of said premises; THENCE passing through said 9.6129 acre tract, and with a west line of said premises, North 00°03'36" West, passing at 266.47 feet a Rooms capped iron rod found marking the southeast corner of a 2.222 acre tract as recorded under County Clerk No. CC# 2 01 8052 40006 33080 of the Collin County Lend Records (future Absolute Automotive Addition), and continuing for a total distance of 453.83 feet to a 5/8' iron rod found marking the most westerly northwest corner of said premises, and the southwest corner of the aforementioned City of Wylie called 0.224 acre tract; THENCE continuing with a common line between said 9.6129 acre tract, said premises, and said 0.224 acre tract as follows: North 71'02'48" East, 237.95 feet to a 5/8' iron rod found marking the southeast corner of said 0.224 acre tract, and North 00'03'29" West, 35.42 feet to the place of beginning and containing 3.003 acres or 130,827 square feet of land. 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EXHIBIT C The Qualified Infrastructure [SEE ATTACHED] GDA Investments,LLC.—Series 53—Performance Agreement WYLIE TX ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: October 21,2020 Item Number: 2 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 10/16/20 Exhibits: 3 Subject Staff report: WEDC Property Update, Engineering Report, Downtown Parking, Upcoming Events, WEDC Activities and Programs. Recommendation No action is requested by staff for this item. Discussion Staff will lead a discussion regarding WEDC Properties, Engineering Reports, Downtown Parking, Upcoming Events, and 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 1 4 El 4 6 ED 2 ©m Feb ® 14 20 ® 4 36 54 in 30 Feb 2 ©m 6 ©m 7 0 El Mar 18 m 30 ® 43 ® 61 26 45 Mar 6 ©m 8 © 0 1 Elm Aprl 29 38 10 El 41 70 49 Ella Apr 12 24 ElmMM 17 0 El May 20 in 26 68 101 45 48 40 30 May 0 9 m 4 4 m 7 0 0 Jun m 9 m 58 98 47 DU Jun 2 ©®©ME 15 0 10 Jul 18 29 36 34 60 63 56 ® Jul 3 m 14 Emu 11 0 18 Aug 1 19 19 30 lam 50 El 47 Aug 6 ©m© 0 ® 0 0 34 Sep ® 8 m 24 18 46 ®El® Sep 7 6 ©El 0 © 9 0 28 Oct 28 30 Ella 26 ® 45 ®N Oct 9 II0 0 7 INNNov 14 18 20 lam42 34 28 N NovEn ©M© 0 14 3 0 N Dec 16 ® 65 38 39 18 16 ®N Dec 1 4 © 6 0 40 0 30 N TOTAL 230 236 280 483 409 507 ® 409 316 TOTAL 48 68 100 mg 104 79 36 119 Murphy Sachse 12 13 14 15 16 17 18 19 20 12 13 14 15 16 17 18 19 20 Jan El 26 lam®© 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 6 6 8 4 El 4 0 ©® Mar 12 1 13 24 31 23 5 4 3 Apr 10 DUE 8 m 0 24 © Apr 4 13 17 12 24 15 2 1 4 May 14 ElEl©© 0 0 10 0 May 17 10 21 6 21 15 9 4 0 Jun 19 is 6 El 4 0 0 4 © Jun 17 14 16 38 25 14 3 1 8 Jul 16 um 4 is8 m 10 isJul 14 15 30 12 22 17 4 4 9 laAug El 16 Elm 0 0 4 6 Aug 19 10 29 41 32 8 6 6 4 Sep 10 10 ©© 6 0 0 El 0 Sep 12 17 23 27 20 3 2 2 17 Oct 16 16 4 0 El 0 0 4 N Oct 15 25 18 31 29 10 6 4 Nov m©©© 6 0 MEIN Nov 9 12 27 26 12 6 6 3 • ®Dec .El 4 0 Elm© 9 N Dec 10 11 39 12 11 2 3 5 TOTAL 149 149 94 ®®®®®El IOTA 148 149 280 260 274 132 70 45 63 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tota 16 10 19 m 9 El® 40 8 14 ® 18 2 164 17 10 IN 26 29 18 30 16 El20 14 19 18 229 18 30 Es29 24 Elm 18 El 8 14 31 9 261 19 4 9 is16 ©©©m 16 30 4 15 El 20 18 m 20 34 ® 19 Ella®■ ® Wylie Economic Development Corporation Inventory Subledger September 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 5/7/20 SWC Hwy 78&Marble 0.36 0 0 75,964 Collin County 5/7/20 414 S. 2nd Street 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. WYLIE5, TX ECONOMIC DEVELOPMENT CORPORATION 2020 October- Industry Appreciation Month Board Meeting—21st Day Time Meeting/Event 2 Manufacturing Day 5-9 TEDC Annual Conference—Virtual *TEDC Board Meeting/CEDA Committee 8-9 IEDC—Strategic Planning Course—Virtual 9 SALES TAX TRAINING—Virtual (Receive the Files) 13-16 IEDC Annual Conference— Virtual 13 City Council 23 SALES TAX TRAINING—Virtual (Q&A) 27 MFG Luncheon/Workforce Webinar 27 Outgoing Reception for Mayor Hogue (5:30 pm- Lobby, City Hall) 27 City Council (6:00 pm) 27-30 TEDC Basic— Virtual—MW, RH 2020 November Board Meeting- 18th Day Time Meeting/Event 5 Red, White &YOU Hiring Event (TWC) 5-6 IEDC BRE Class Virtual-AW 9-12 TDA Annual Conference—Virtual—RO,JG 11 Veterans Day 20- Dec 11 SALES TAX TRAINING—Houston Virtual (Receive the Files) 17 City Council (NOTE: Mtg date was changed from 11/10) 26-25 CLOSED Thanksgiving Holiday 2020 December Board Meeting—16th Day Time Meeting/Event 11 SALES TAX TRAINING (Available Nov 20-Dec 11)—Virtual (Q&A) 8 City Council 24-25 CLOSED LIIIIJUIldb nUllUdy 31 New Year's Eve Around the Corner... • TEDC Board Retreat-JG • Wylie Days • TEDC Legislative Conference