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01-20-2021 (WEDC) Agenda Packet T = NOTICE OF MEETING ECONOMIC DEVELOPMENT CORPORATION Regular Meeting Agenda January 20, 2021 — 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 Matthew Porter 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 January 7, 2021 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the December 2020 WEDC Treasurer's Report. ACTION ITEMS 1. Consider and act upon issues surrounding 2020 WEDC Annual Report. 2. Consider and act upon a Commercial Lease Agreement for office space at 250 South Hwy 78. WEDC—Agenda January 20, 2021 Page 2 of 3 DISCUSSION ITEMS 3. Discuss issues surrounding citizen comment at WEDC Board Meetings. 4. Staff report: WEDC Property Update, Engineering Report, Upcoming Events, Future Agenda Items, and WEDC Activities/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 & Birmingham • State Highway 78 & Brown • FM 544 & Cooper • Regency& Steel Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Evaluation of WEDC Executive Director Section 551.087 (Economic Development) of the Local Government Code,Vernon's Texas Code Annotated(Open Meetings Act). Deliberation regarding commercial or financial infoiivation that the WEDC has received from a business prospect and to discuss the offer of incentives for projects: • 2018-8c • 2018-9b • 2018-9c • 2020-7a • 2020-11b • 2020-12a WEDC—Agenda January 20, 2021 Page 3 of 3 • 2021-la • 2021-lb • 2021-1c • 2021-1d • 2021-le 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 15`h day of January 2021 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 January 7, 2021 — 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 8:32 a.m. Board Members present were John Yeager,Melisa Whitehead, and Gino Mulliqi. Board Member Tim Gilchrist was absent. Ex-Officio Member Mayor Matthew Porter arrived at 8:41 a.m. and City Manager Chris Holsted was present at the call to order. WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, and Senior Assistant Rachael Hermes. Randy Helmberger of Helmberger Associates, Inc. arrived at 8:33 a.m. INVOCATION & PLEDGE OF ALLEGIANCE Board Member 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 November 19, 2020 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the November 2020 WEDC Treasurer's Report. Board Action A motion was made by Gino Mulliqi, seconded by John Yeager, to approve the Consent Agenda as presented. A vote was taken, and the motion passed 4-0. ACTION ITEMS 1. Consider and act upon issues surrounding the disposition of WEDC property located at 201 Industrial Court. Staff Comments Staff noted that an asbestos inspection was completed at this location with no asbestos found. The property will be made available to WFR and WPD for training opportunities and should be ready for demolition within 30 days. At the Board's direction, staff obtained a quote for $24,500 for the demolition of this property. Staff noted that demolition of this structure was not included in the WEDC—Minutes January 7, 2021 Page 2 of 4 FY21 Budget and a Mid-Year Amendment, should the Board direct staff to proceed, will be necessary to fund demolition of this property in the current fiscal year. Board Action A motion was made by Gino Mulliqi, seconded by John.Yeager,to award a contract to InterCon Demolition in the amount of $24,500 and further authorizing the Executive Director to execute any and all necessary documents. A vote was taken, and the motion passed 4-0. 2. Consider and act upon issues surrounding an existing Performance Agreement between the WEDC and WB Real Estate, LLC. Staff Comments Staff discussed the existing Performance Agreement with.WB Real Estate,LLC and explained that the company is currently in default. Staff would have met with the Board in December prior to the December 31,2020 expiration of the Reimbursement Incentive but was unable to meet due to issues with Covid-1.9. Staff referenced the Agenda Report and detailed that the Board may opt to make a motion to approve a First Amendment or may opt to take no action,resulting in notification to WB Real Estate,Inc.that they are in default and ineligible to receive the Reimbursement Incentive. The boring, excavating, and installation has been completed but an issue between Oncor and the contractor needs to be resolved before final approval is provided. Board Action A motion was made by John Yeager, seconded by Melisa Whitehead, to approve a First Amendment to the Performance Agreement between the WEDC and WB Real Estate, LLC providing for a 60-day extension to meet the performance criteria. A vote was taken,and the motion passed 4-0. 3. Consider and act upon issues surrounding an existing Performance Agreement between the WEDC and First Miracle, Inc. Staff Comments Staff discussed the existing Performance Agreement with First Miracle, Inc. and explained that the company is currently in default. As was the case for Item 2, staff would have met with the Board in. December prior to the December 31, 2020 expiration of the Reimbursement Incentive but was unable to meet due to issues with Covid-19. Staff referenced the Agenda Report and detailed that the Board may opt to make a motion to approve a First Amendment or may opt to take no action, resulting in notification to First Miracle, Inc. that they are in default and ineligible to receive the Reimbursement Incentive. Staff noted that the fire suppression system, water lines and utility work have been completed.However,the wrong monitoring system was installed for use in a commercial building. Additionally,this project was not managed by a General Contractor and building permits and procedure were not in proper order. Staff has met with the Building Department and now believes that any issues with the project could be corrected within 90 days. Board Member Mulliqi discussed the responsibility of the business owner to ensure that requirements are met and managed properly. Staff discussed the future opportunity for the WEDC to come alongside businesses and provide additional support throughout the process. Board Action A motion was made by John Yeager, seconded by Melisa Whitehead, to approve a First Amendment to the Performance Agreement between the WEDC and First Miracle, Inc. WEDC—Minutes January 7, 2021 Page 3 of 4 granting a 90-day extension to meet the performance criteria. A vote was taken, and the motion passed 4-0, with Gino Mulliqi abstaining from the vote. DISCUSSION ITEMS 4. Staff report: WEDC Property Update, Engineering Report, Downtown Parking, Upcoming Events,WEDC Activities and Programs. Sales tax revenues allocated in November for the September filing period were up 24.85% for the month and 12% year-over-year. For FY20, staff anticipated $2.9 MM in revenue and received $3.283 MM. Staff noted various events on the marketing calendar and discussed the upcoming Joint Work Session with City Council.Mayor Porter discussed the opportunity for input from the Board related to the Comprehensive Land Use Plan and Zoning Ordinance. Staff informed the Board that the WEDC Annual Report that will be presented at the January 26th City Council Meeting. Staff discussed probable changes to Wylie Days/Collin County Days legislative program and will keep the Board up to date of any legislative changes that take place. Staff discussed the upcoming opportunity for WEDC to participate in the Industrial Asset Management Council (IAMC). Staff will be working on Small Business Week activities that will take place in May and noted the rescheduling of ICSC RECon to December 5-7, 2021. Brush-hogging has been ordered for the property on Alanis and field work will follow. Staff noted that Retail Coach will be available to make a presentation to City Council and City Manager Chris Holsted recommended a February presentation. Updated information is being forwarded by staff to the business community regarding federal assistance programs in response to Covid-19. City Manager Chris Holsted updated the Board about the Covid-19 vaccine status, noting that we are still in stage 1A of vaccination and the City does not have additional vaccines to administer at this time. Staff noted that any updates regarding CARES Act funding will be provided to the business community as information becomes available. Staff referenced receipt of a citizen email and will provide it to the Board for their review. President Demond Dawkins discussed reviewing an option to allow citizens to submit a form and call into a Board/City Council Meeting to submit comments. Mayor Porter stated that this concept had been reviewed by City Council and they have opted to allow comments to be provided via a form prior to the City Council Meeting and read aloud during the meeting if the citizen wishes to have their comment on the record.President Dawkins expressed interest in considering the same option for WEDC if a citizen is unable to attend a meeting in person and suggested possibly reimplementing the standing Agenda Item to provide opportunity to submit issues to be placed on future WEDC Board Meeting Agendas. Staff noted that the Board can request an item to be added to a future agenda at any time and staff will include an Agenda Item for the next meeting to provide an opportunity to discuss these issues further. Staff noted the new Elevon Development in Lavon and discussed the positive impact of this property within the 1, 3, 5-mile radius traffic counts and population density of Wylie. EXECUTIVE SESSION Staff requested Randy Helmberger, representing Helmberger Associates, Inc.,join the Executive Session for his input in relation to infrastructure work that may pertain to an incentive or development agreement. Randy Helmberger participated in one item contained in Executive Session and left the meeting at 9:59 a.m. WEDC—Minutes January 7, 2021 Page 4 of 4 Recessed into Closed Session at 9:29 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 & Alanis • State Highway 78 & Birmingham • State Highway 78 & Brown • FM 544 & Cooper • Regency& Steel 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 2018-9b • Project 2018-9c • Project 2020-7a • Project 2020-11a • Project 2020-11b • Project 2020-12a RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session President Demond Dawkins reconvened into Open Session at 11:03 a.m. ADJOURNMENT With no further business,President Dawkins adjourned the WEDC Board meeting at 11:03 a.m. Demond Dawkins,President ATTEST: Jason Greiner,Executive Director �a ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: January 20,2021 Item Number: B Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 1/15/21 Exhibits: 5 Subject Consider and act upon approval of the December 2020 WEDC Treasurer's Report. Recommendation Motion to approve the December 2020 WEDC Treasurer's Report. Discussion Presented for the Board's review and approval is the December 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 October, allocated in December,was $235,381.33, an increase of 3.85% over the same period in 2019. EXPENSES: Engineering/Architecture $30,504.42 Helmberger& Associates (Hwy 78 & Brown Coordination) Page 1 of 1 Wylie Economic Development Corporation MONTHLY FINANCIAL REPORT December 31,2020 ANNUAL CURRENT PRIOR YEAR PO YTD YTD ACTUAL BUDGET BALANCE %OF BUDGET BUDGET MONTH ADJUST. ENCUMBRANCE ACCOUNT DESCRIPTION FY 2020-2021 FY 2020-2021 FY 2020-2021 FY 2020-2021 REVENUE SUMMARY CLAIM ON CASH/BaI Sheet $ 1,407,509.00 $ 1,673,338.31 SALES TAX $ 2,968,437.00 $ 235,381.33 $ - $ 235,381.33 $ - $ 2,733,055.67 7.93% A ALLOCATED INTEREST EARNING: $ 6,000.00 $ 42.69 $ - $ 175.26 $ - $ 5,824.74 2.92% RENTAL INCOME $ 153,240.00 $ 18,255.00 $ - $ 28,575.00 $ - $ 124,665.00 18.65% GAIN/LOSS-SALE OF PROPERTY $ 164,500.00 $ - $ - $ (208.00) $ - $ 164,708.00 -0.13% BANK NOTE PROCEEDS $ - $ - $ - $ - $ - $ - 0.00% REVENUES $3,292,177.00 $ 253,679.02 $ - $ 263,923.59 $ - $ 3,028,253.41 8.02% EXPENDITURE SUMMARY PERSONNEL $ 336,516.00 $ 34,512.73 $ - $ 77,197.77 $ - $ 259,318.23 22.94% OPERATING EXPENSES $ 56,703.00 $ 3,119.30 $ - $ 15,374.43 $ 368.09 $ 40,960.48 27.76% B INCENTIVES $ 1,130,310.00 $ - $ - $ 337,500.00 $ - $ 792,810.00 29.86% SPECIAL SERVICES $ 88,481.00 $ 8,764.74 $ - $ 13,451.23 $ 1,589.52 $ 73,440.25 17.00% ADVERTISING $ 114,100.00 $ 10,705.87 $ - $ 13,725.87 $ 2,038.38 $ 98,335.75 13.82% COMMUNITY DEVELOPMENT $ 44,550.00 $ 605.51 $ - $ 2,129.78 $ - $ 42,420.22 4.78% TRAVEL&TRAINING $ 62,600.00 $ 195.00 $ - $ 1,000.90 $ - $ 61,599.10 1.60% DUES&SUBSCRIPTIONS $ 30,018.00 $ 167.42 $ - $ 11,924.97 $ 1,500.00 $ 16,593.03 44.72% AUDIT&LEGAL $ 33,000.00 $ 370.00 $ - $ 3,370.00 $ - $ 29,630.00 10.21% ENGINEERING&ARCHITECTURAL $ 87,500.00 $ 35,094.03 $ - $ 35,094.03 $ - $ 52,405.97 40.11% DEBT SERVICE $ 541,878.00 $ 50,278.84 $ - $ 151,291.61 $ - $ 390,586.39 27.92% LAND $ - $ - $ - $ - $ - $ - 0.00% INFRASTRUCTURE PROJECTS $ 1,005,000.00 $ - $ - $ 186,680.00 $ - $ 818,320.00 18.58% FURNITURE&FIXTURES $ 2,500.00 $ - $ - $ 797.00 $ - $ 1,703.00 31.88% CONTRA CAPITAL $ - $ - $ - $ - $ - $ - 0.00% TOTAL EXPENDITURES $3,533,156.00 $ 143,813.44 $ - $ 849,537.59 $ 5,495.99 $ 2,678,122.42 24.20% REV OVER/(UNDER) EXPEN $ (240,979.00) $ 109,865.58 $ - $ (585,614.00) $ (5,495.99) $ 350,130.99 A. SLSTX Rev earned in Oct,allocated in Dec,was$235,381.33,an increase of 3.85%over the same period in 2019. Sales Tax received for all 12 months of FY due to 2 month accrual to prior FY. B.Operating Expenses include Supplies,Maint Materials,Rental,Communication,Insurance and Utilities. Wylie Economic Development Corporation Statement of Net Position As of December 31, 2020 Assets Cash and cash equivalents $ 1,675,338.31 Receivables $ 130,000.00 Note 1 Inventories $ 12,027,937.50 Prepaid Items $ - Total Assets $ 13,833,275.81 Deferred Outflows of Resources Pensions $ 134,955.55 Total deferred outflows of resources $ 134,955.55 $ 13,968,231.36 Liabilities Accounts Payable and other current liabilities $ 40,314.47 Unearned Revenue $ 40,200.00 Note 2 Non current liabilities: Due within one year $ 341,844.68 Note 3 Due in more than one year $ 5,107,130.44 Total Liabilities $ 5,529,489.59 Deferred Inflows of Resources Pensions $ (1,490.41) Total deferred inflows of resources $ (1,490.41) Net Position Net investment in capital assets $ - Unrestricted $ 8,440,232.18 Total Net Position $ 8,440,232.18 $ 13,968,231.36 Note 1: Includes incentives in the form of forgivable loans for$70,000(Exco) and$60,000(LUV-ROS) Note 2: Exco amortization;deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$93,673 1-13-2021 02:02 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: DECEMBER 31ST, 2020 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 1,673,338.31 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 130,000.00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 12,027,937.50 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 547,749.00 14,381,024.81 TOTAL ASSETS 14,381,024.81 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 ( 20.86) 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 1,937.46 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE FLITS 12.00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00 2000-20199 MISC PAYROLL PAYABLE 0.00 1-13-2021 02:02 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: DECEMBER 31ST, 2020 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 6,072.50 2000-20210 ACCOUNTS PAYABLE 32,265.37 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 547,749.00 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 628,263.47 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESERV/UNDESIG 14,338,375.34 TOTAL BEGINNING EQUITY 14,338,375.34 TOTAL REVENUE 263,923.59 TOTAL EXPENSES 849,537.59 REVENUE OVER/(UNDER) EXPENSES ( 585,614.00) TOTAL EQUITY & OVER/(UNDER) 13,752,761.34 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 14,381,024.81 1-13-2021 02:02 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: DECEMBER 31ST, 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 ( 72,945.16) 2000-20311 COMP ABSENCES PAYABLE-CURRENT 93,673.00 2000-21410 ACCRUED INTEREST PAYABLE 8,803.17 2000-28205 WEDC LOANS/CURRENT 239,368.51 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 0.00 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 640,776.23 2000-28247 JARRARD LOAN 174,168.89 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 5,448,975.12 1-13-2021 02:02 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: DECEMBER 31ST, 2020 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE EQUITY 3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 5,293,864.74) 3000-35900 UNRESTRICTED NET POSITION ( 120,264.00) TOTAL BEGINNING EQUITY ( 5,414,128.74) TOTAL REVENUE 0.00 TOTAL EXPENSES ( 98,618.76) REVENUE OVER/(UNDER) EXPENSES 98,618.76 TOTAL EQUITY & OVER/(UNDER) ( 5,315,509.98) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 133,465.14 Wylie Economic Development Corporation SALES TAX REPORT December 31, 2020 BUDGETED YEAR DIFF % DIFF MONTH FY 2018 FY 2019 FY 2020 FY 2021 20 vs.21 20 vs.21 DECEMBER $ 184,848.59 $ 214,867.15 $ 226,663.94 $ 235,381.33 $ 8,717.39 3.85% JANUARY $ 191,895.71 $ 223,749.61 $ 218,520.22 FEBRUARY $ 275,667.83 $ 307,366.66 $ 362,129.18 MARCH $ 182,852.50 $ 208,222.32 $ 228,091.34 APRIL $ 163,484.89 $ 182,499.53 $ 203,895.57 MAY $ 203,707.17 $ 274,299.18 $ 289,224.35 JUNE $ 199,412.29 $ 234,173.88 $ 239,340.35 JULY $ 213,976.64 $ 215,107.94 $ 296,954.00 AUGUST $ 249,589.63 $ 283,602.93 $ 325,104.34 SEPTEMBER $ 213,425.79 $ 243,048.40 $ 259,257.89 OCTOBER $ 210,701.71 $ 224,875.38 $ 249,357.02 NOVEMBER $ 273,196.62 $ 308,324.41 $ 384,953.89 Sub-Total $ 2,562,759.35 $ 2,920,137.37 $ 3,283,492.09 $ 235,381.33 $ 8,717.39 3.85% Total $ 2,562,759.35 $ 2,920,137.37 $ 3,283,492.09 $ 235,381.33 $ 8,717.39 3.85% EEC Sale Tax nalysis $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 2020 $150,000 2022 $100,000 $50,000 $0 e� t� c ^ a� �a 5� e et sc,e� ***Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months. Example:December SlsTx Revenue is actually October SlsTx and is therefore the 1st allocation in FY21. Wylie Economic Development Corporation PERFORMANCE AGREEMENT REPORT December 31, 2020 TOTAL BUDGETED YEAR REMAINING PREVIOUS TOTAL INCENTIVE AFTER PAYMENTS INCENTIVE CURRENT FY PERFORMANCE AGREEMENTS FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 CSD WOODBRIDGE $ 1,100,000.00 $ 150,000.00 $ 150,000.00 $ 41,257.82 $ - $ - $ 191,257.82 $ 758,742.18 $ 1,100,000.00 A EXCO $ 80,000.00 $ - $ - $ - $ - $ - $ - $ 80,000.00 $ 80,000.00 B SAF-HOLLAND $ 239,792.48 $ 85,810.58 $ - $ - $ - $ - $ - $ 153,981.90 $ 239,792.48 C SCSD-FINNELL $ 175,000.00 $ 87,500.00 $ - $ - $ - $ - $ - $ 87,500.00 $ 175,000.00 CROSS DEVELOPMENT $ 250,000.00 $ 250,000.00 $ - $ - $ - $ - $ - $ 250,000.00 $ 500,000.00 NORTH DALLAS WYLIE LAND $ 120,000.00 ,$ 60,001500 $ 20,000.00 $ 20,000,00 $ 20,000,00 $ 60,000.00 $ 60,000.00 $ 180,000.00 CARDINAL STRATEGIES $ 106,800.00 $ 24,933.00 $ 24,933.00 $ 24,934.00 $ - $ - S 4.9 867.00 $ 32,000.00 $ 106,800.00 AVANTI,LLC $ 120,000.00 0 60,000.00 $ 30,000.00 $ 30,000,00 $ - $ - $ 60,000_00 $ - $ 120,000.00 LUV-ROS $ 10,000.00 $ - $ 5,000.00 $ 5,000.00 $ - $ - $ 10,000.00 $ - $ 10,000.00 D GDA INVESTMENTS $ 13,149.00 S - $ 20,000.00 $ 10,500,00 $ - $ - S 30,500.00 $ - $ 30,500.00 SAVANNAH WOODBRIDGE $ 90,000.00 $ 45,000.00 $ 45,000.00 $ - $ - $ - S 45.000.00 $ 45,000.00 $ 135,000.00 WYLIE INSURANCE $ 27,500.00 $ 15,000.00 $ 12,500.00 $ - $ - $ - $ 12,500.00 $ 15,000.00 $ 42,500.00 CBC PROPERTY HOLDINGS $ 50,000.00 $ 25.00U.00 $ 25,000.00 $ - $ - $ - $ 25,000.00 $ 25,000.00 $ 75,000.00 FIRST MIRACLE $ 11,800.00 5 11,800.00 $ - $ - $ - $ - $ - $ 11,800.00 $ 23,600.00 WB REAL ESTATE $ 13,149.00 $ 73,149.00 $ - $ - $ - $ - $ - $ 13,149.00 $ 26,298.00 $ 2,690,693.61 $ 828,192.58 $ 332,433.00 $ 131,691.82 $ 20,000.00 $ - $ 484,124.82 $ 1,815,676.21 $ 3,127,993.61 Deterred art Flow S 547,749.00 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. Performance Agreeement($10,000)and Forgiveable Land Grant($60,000 forgiven over 3 years).$20,000/year in 2021,2022,&2023. WVLETX , � ,� ,, , Wylie Economic Development Board AGENDA REPORT Meeting Date: January 20, 2021 Item Number: 1 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 1/15/21 Exhibits: 1 Subject Consider and act upon issues surrounding 2020 WEDC Annual Report. Recommendation Staff recommends that the WEDC Board of Directors approve the 2020 WEDC Annual Report and present the same to the Wylie City Council for their review. Discussion As per the WEDC Bylaws, the WEDC must present an annual report to the Wylie City Council no later than January 31' of each year. The report must include, but is not limited to, a review of all expenditures made by the Board, a review of accomplishments, and a review of other than direct economic development. Staff believes the attached Report meets the intent of the requirements of the Bylaws with the same being presented to the Wylie City Council on January 26, 2021. Recommendation Staff recommends that the WEDC Board of Directors approve the 2020 WEDC Annual Report and present the same to the Wylie City Council for their review. Page 1 of 1 Wylie Economic Development Corporation 2020 Annual Report January 20, 2021 Financial Condition The Wylie Economic Development Corporation (WEDC)places a priority on financial reporting each year. The WEDC Bylaws require that each year no later than January 31, a review of all expenditures, accomplishments, and expenditures other than direct economic development be presented to Council. At the end of each fiscal year, the WEDC undergoes an annual audit of its financial practices and transactions by a third-party firm chosen by the Wylie City Council and facilitated by the City of Wylie Finance Department. While the FY 2019-2020 audit has not been made public, the WEDC has not been notified of any discrepancies or irregularities. To ensure a greater opportunity for a `clean' audit, WEDC staff works closely with the City of Wylie Finance Department throughout the year so that there is a complete understanding of all WEDC activities by Finance staff and the same can be more accurately documented and communicated to the auditors. The WEDC began the fiscal year with a fund balance of$769,596. In FY 2019-2020, sales tax receipts were up 12% over 2019 receipts with sales tax revenue totaling $3,283,492 of available WEDC revenue. Other revenues included rental income of$164,402,proceeds from the sale of a WEDC-owned property for $1,467,211, and loan proceeds of $996,500. Total FY 2019-20 available operating funds (including loan proceeds) totaled $5,915,533. Expenditures for WEDC operations were as follows: Personnel - $502,852, Administrative costs - $158,768, Marketing & Promotion activities - $108,156, Debt Service - $2,045,625, Land Acquisition - $1,315,858, Direct Business Incentives - $499,401, Payment to Taxing Units - $5,415, and $199,187 in Other expenses which included: surveys, environmental remediation on WEDC-owned properties and demolition of residential structures located at 503 S Ballard, 504 E Brown, 204 N 2nd and 208 N 2nd. Included in the above Debt Service were two principal reduction payments. A one-time payment of$1,005,522 was applied to the Woodbridge Parkway Loan and a one-time payment of$347,040 was applied to the loan associated with the Hwy 78/Brown Street redevelopment. Total expenditures for FY 2019-20 were $4,836,275. As shown above, in FY 2019-20 the WEDC had $499,400 in direct incentive payments. Within the figure, $99,010 was paid as part of ongoing sales tax reimbursement programs, $191,390 for industrial projects, and$209,000 for office/medical/general commercial. The WEDC also forgave a loan payment of$70,000 pertaining to the Exco land purchase. Of the incentive payments made, $214,489 represented either a one-time commitment or the final payment on a multi-year agreement. The WEDC owns and manages 38.88 acres of land with 72,479 square feet of improvements at a cost basis of $12,088,145. In evaluating land which may be acquired, the WEDC Board of Directors assesses the sites' potential for business park development, the need for a site to be redeveloped based upon the current state of aging improvements, and/or a strategic intervention to 2 protect the property from development which may not reflect the highest and best uses for an identified area. Total outstanding loans for land acquisition are $5,248.752. While encouraged by our lender, but more of a debt management principal of the Board, as land is sold a majority of the proceeds are used to reduce outstanding principal. Reflective of that practice,principal reduction payments totaling $1,352,562 were made in FY 2019-2020. The current FY 2020-2021 Budget identifies $541,878 in debt service with no additional principal reduction scheduled at this time. The FY 2020-2021 WEDC Budget projects $4,699,685 in total revenues, including an unreserved beginning fund balance of$1,407,509. Sales tax receipts, being the primary revenue source, are budgeted at$2,968,437,sale of WEDC property at$164,500,and rental income of$153,240.Total Expenses are budgeted at $3,533,155, with Infrastructure Projects at over$1MM, Debt Service at $541,878,Personnel$336,515, and Incentives $1,130,310. Within the Incentives budget there are 10 ongoing projects and $300,000 set aside for Future Projects. Any additional incentive or infrastructure project not contemplated within the Budget and later approved by Council and the WEDC Board in FY21, will be funded from unallocated revenues equaling $1,407,509. As an ongoing performance indicator, staff tracks all commercial values as a percentage of the total assessed valuation(less value attributed to tax-exempt properties). In 2020, commercial and industrial properties were valued at $859 MM, or 17.4% of the total $4.93 billion assessed valuation. Over the past five years, commercial and industrial values have increased by $244MM (39.73%) with new construction accounting for $82 mm of the total. Over the same period, total valuation has increased by $2.3 billion or a 65% increase. With an active housing market combined with higher valued new homes, it will continue to be a challenge for commercial value to reach in excess of 20% of the total,with the highest ratio over the past 10 years being 20.4% in 2013. However, there was slight gain in commercial values as a percent of the total valuation in 2020, being the first such gain since 2015. High-Impact Initiatives Woodbridge Parkway Corridor In 2014,the WEDC partnered with the City of Wylie and the City of Sachse to extend Woodbridge Parkway from Hensley Lane and provide direct access to State Highway 78. Of the $976,000 borrowed for the WEDC commitment, there remains a principal balance of$96,900. The balance will be paid off by March 15th of 2021. The WEDC continues to fund a Sales Tax Reimbursement Agreement with Clark Street Development (owner/developer of Woodbridge Centre). In FY 2019-2020, $129,438 was reimbursed to Clark Street with a total of$758,742 paid since July 2013. The center is currently generating $26.2 MM in taxable sales on an annual basis. 3 State Highway 78 at Cooper Drive In the spring of 2020, Whataburger purchased the third and final pad site within this WEDC Redevelopment Site on Hwy 78 at Cooper Dr. This completes the redevelopment of this area. In review, the WEDC redeveloped this property over a twelve-year period as part of a strategic plan to repurpose an industrial park developed in the early 1970's. The WEDC completed$525,000 in site work to support the 5-acre development consisting of two deceleration lanes, median improvements, a mutual access drive, and utility improvements. In 2017, a Certificate of Completion was received from the TCEQ through the Voluntary Cleanup Program for impacted soils identified in the development process. Total expenses to date for the project are $5.5 MM with revenue generated/anticipated of$4.6 mm including the Whataburger sale. 544 Gateway Project In 2016 the WEDC and City began the process of assembling approximately 13 acres for redevelopment. Fronting 544 just west of Highway 78,the City has a 5-acre tract acquired through a tax foreclosure which previously had Superfund status. The remaining 8 acres was acquired by the WEDC from 2 property owners with frontage on 544 and Commerce Street. A brief history of the 13-acre site provides the following tasks: receipt of a Ready for Reuse Certificate from EPA, removal of +2 acres from flood plain, creation of a Municipal Setting Designation, receipt of two Certificates of Completion via the Voluntary Cleanup Program from the TCEQ, demolition of dilapidated structures,relocation/expansion of previously existing tenant to Regency Business Park, and development of grading plan and completion of significant fill and site work. In partnership with the City of Wylie, the WEDC has expended $1.3 mm on land acquisition, interest, remediation, demolition, dirt work, maintenance, etc. with the WEDC carrying a current principal balance of$853,096 in debt associated with the acquisition of the WEDC-owned 8 acres. Additionally, the WEDC has budgeted $250,000 to extend water from the east along F.M. 544 which not only enhances service to the 13-acre tract but loops the water system to the east along Cooper Drive to Highway 78. The water extension should be complete in mid-2021. Jackson Street The WEDC continues to market its 1-acre property at the northeast corner of Jackson & Oak for an office and/or mixed-use development. While there has been little interest in a mixed-use vision originally proposed and contemplated, the WEDC has recently made progress on the concept. Back in 2017, the WEDC closed on a 0.26-acre tract near the northwest corner of Jackson & Oak after negotiating with the property owner for over 2 years. In February 2019 the WEDC sold the lot to Rocking M, LLC to develop a 3,200 square foot office building on the lot with the project receiving a Certificate of Occupancy in January 2020. The WEDC Board believes the office 4 project will promote further investment in the downtown area and greatly complement the redevelopment of multiple residential structures into commercial uses. To enhance future development in the downtown area, the WEDC invested in additional parking and alleyway improvements along North Ballard and Jackson Streets. These investments totaled $280,000 for alleyways extending along Jackson between Oak & Marble and North Ballard between Jefferson & Brown. The FY 2020-2021 Budget earmarks an additional $125,000 for this use with the WEDC currently negotiating with a local property owner. To complement the ever-growing need for parking, the WEDC has made it a priority to identify and construct additional parking in the downtown area within walking distance of the proposed mixed-use project and Ballard Street shopping district. The FY 2020-2021 Budget earmarks $80,000 for this use with the WEDC currently negotiating with Union Pacific for additional parking along the railroad tracks. State Highway 78 &Brown In December 2018, City Council authorized the WEDC to enter into a loan agreement in the amount of $4.5 mm for the acquisition of property in this area. The WEDC has continued to acquire property in this area but will complete all purchases in early 2021. In May 2020,the WEDC entered into a Development Agreement with the NTMWD for the relocation of the 42"water line. The new line location is currently in the design phase with construction planned in mid-2020. The WEDC will budget nearly$1.3 MM over FY 2020-2021 and FY 2021-2022 to complete the task. In August 2020, the WEDC entered into an agreement with McClure Partners Construction Company for the 1.74 AC lot at the corner of Hwy 78 & Brown. The pending real estate agreement is tied to the completion of the water line relocation but will be act as catalyst project for the overall 11 AC redevelopment adjacent to Historic Downtown Wylie. State Highway 78 & Westgate For nearly 20 years the 12-acre site at Hwy 78 and Westgate sat empty across from Home Depot. The property was a distressed site impacted by polypropylene and plastic shavings generated from a copper recycling business operating nearby in Wylie. To facilitate the project, the City and WEDC entered into a public-private partnership with the developer outlining fee waivers and financial assistance for remediation of the site. The first phase of leasing began under a temporary CO issued by the City of Wylie and residents began moving in on January 1, 2020. Phase I of the project is now complete, with 286 multi-family units, 2,300 sf of general retail, and 3,200 sf of restaurant space. Phase II is planned over the next 12-24 months. The partial valuation of$39 MM lands this project at number two on the list,behind only Woodbridge Crossing(the Target anchored shopping center) with a valuation of$41.5 MM. 5 State Highway 78— Wylie Logistics Park Over the years,the WEDC has experienced great success in attracting investment and primary jobs via the development of business parks. Between the development of Premier Business Park, 544 Industrial Park, and Premier Business Park South, the WEDC facilitated the development of 862,000 square feet of new construction, over 800 new/retained jobs, and nearly $100 MM in taxable value - on only 70 acres. The Kansas City Southern owned,Wylie Logistics Park will continue to be a focus for many years. The$64-million David L. Starling Wylie Intermodal Terminal has a+220-acre greenfield site well suited for light industrial/assembly and distribution build-to-suit projects with a cumulative capacity of approximately 2 million square feet. Performance Agreements & Infrastructure Reimbursement Cardinal Strategies completed the relocation of their corporate headquarters to Regency Business Park in Wylie. Cardinal plans to invest nearly $1.8 million and create up to 66 high quality full- time jobs between their construction, engineering, and environmental divisions. Orthopedic Specialists of Dallas requested assistance from the WEDC specifically related to fee waivers, infrastructure assistance and construction of a new 8,000 SF medical office building located at Woodbridge Centre. OSD will invest over$2.3 million and plans to open by September of 2021. CBC Property Holdings requested assistance from the WEDC specifically related to fee waivers and the construction of a new 7,920 SF commercial building located at Woodbridge Centre. CBC will invest nearly $3 million and plans to open in April of 2021. Savannah Woodbridge Development requested assistance from the WEDC specifically related to fee waivers, infrastructure assistance and construction of a new 9,000 medical office building at Woodbridge Centre. SWD will invest over$4 million and plans to open in mid-2021. Avanti Windows & Doors announced the expansion of their facility located on Hensley Lane and requested assistance from the WEDC specifically related to equipment expansion, new job creation, and infrastructure assistance. Avanti plans to invest over $5 million and create nearly 100 full-time employees at the state-of-the-art facility. Wylie Insurance requested assistance from the WEDC specifically related to infrastructure reimbursement and the construction of a new 4,029 SF office building just off Hwy 78 on South Jackson Avenue, adjacent to the South Ballard Overlay. Wylie Insurance will invest nearly $500,000 and plans to offer three new office suites for new or expanding businesses. LUV-ROS Holdings requested assistance from the WEDC specifically related to infrastructure reimbursement and the expansion of their existing facility on Cooper Drive. The $1.4MM 6 expansion will add 10,000 SF to the existing manufacturing facility,include a new fire suppression system,add four new full-time employees and a$400,000 investment in a new manufacturing line. Business Retention and Expansion As the City of Wylie continues to grow and attract new businesses, the focus on serving the needs of existing business to enhance their success in our community has become a key focus. Back in 2018, Manufacturing Day was first launched in Wylie with the first#MFGDay event in the City's history. In 2019,the WEDC expanded the program from a one-day event to a month-long schedule of activities for WISDD Career and Technical Education(CTE) students. The program featured the first City of Wylie Manufacturing Day Proclamation supported by a State of Texas Proclamation. Community participation grew from 2 tours of 5 businesses to 14 facility visits for more than 200 students. Business sectors were expanded to include automotive, culinary arts, woodworking, technology applications, and engineering sectors. The program culminated with the first Manufacturing/Workforce Luncheon which was hosted at Savage Precision Fabrication—a home- grown business that grew into a major defense contractor and primary employer in Wylie. In 2019 the WEDC worked with SAF Holland to address a workforce skills shortage. Working with the WISD and Collin College, a Customized Welding Program was developed and within weeks new and existing employees participated in the program and became certified welders, which allowed SAF Holland to staff a third shift in order to fill their product demand. The program was a tremendous success and was a good example of cross-functional cooperation for the benefit of the community. So much so that the WEDC was awarded the Workforce Partner of the Year award by Workforce Solutions of North Central Texas. In 2020, and in spite of the challenges presented by COVID-19, the WEDC, in cooperation with the WISD, local businesses and community partners compiled a month-long series of activities and programs beginning with Proclamations from both State and City governments proclaiming October 2, 2020 as Manufacturing Day. The virtual tours and #MFGDay2020 Program were produced in close cooperation with the Wylie ISD's Career&Technical Education(CTE)program allowing students to learn about the career opportunities and requirements for 7 local manufacturers in varying manufacturing sectors. This virtual format allowed the program to expand its reach within the WISDD CTE program to classes not normally included in Manufacturing Day tours exposing a great number of students to the lucrative careers available right here in Wylie, Texas. The Wylie Chamber of Commerce and Wylie EDC hosted its 2nd Annual Manufacturers Luncheon as a lunchtime webinar and honored Raymond Cooper as the recipient of the 2020 Legacy Manufacturer Award. The recipient of this award exemplifies entrepreneurship and leadership within the Wylie Business Community. Raymond Cooper operated one of the first industrial businesses in Wylie and built the first industrial park in Wylie. Beyond his own business, he was instrumental in establishing the Wylie EDC and Chamber of Commerce to ensure healthy, robust growth in Wylie's business community. 7 Team Up to Fight Hunger The sudden and unanticipated disruption in the business community resulting from State and Federal government-imposed COVID-19 shutdowns became a primary focus for the WEDC. Our business retention efforts initially surrounded providing prompt and targeted information to our businesses regarding available assistance programs. As the duration of the shutdowns continued, the WEDC worked with community resource partners to develop programs such as TEAM-UP to FIGHT HUNGER, targeted at driving business to our restaurants while addressing an ever- growing need for meal assistance in the community. 8 2021 Goals & Objectives Downtown Revitalization and Expansion • Brown & 78 Redevelopment- Infrastructure/Engineering • NTMWD—Water line Relocation • TxDOT Median Improvements/ Decel Lanes • Plan/Install additional parking 544 Gateway Property • Utility Build-Out • Market/Sale of City and WEDC Pad Sites Industrial Development on Alanis • Field Work/Engineering Partner with KCS for Wylie Logistics Park • Infrastructure/Engineering • Marketing Plan/Promotion Expand/Promote BRE and Workforce Programs • Expand relationships with Community Resource Partners o Career Fair/Hiring Events/ Seminars/HR Roundtable • Grow MFG Day/Month o Increased Participation o Expanded Hours for General Public o Workforce Luncheon • Expand/Promote Entrepreneurship and Small Business Assistance Programs o Establish a new Small Business/EconDev Week 9 4 ) ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: January 20, 2021 Item Number: 2 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 1/15/21 Exhibits: Subject Consider and act upon a Commercial Lease Agreement for office space at 250 South Highway 78. Recommendation Motion to exercise a month extension of a Commercial Lease between the WEDC and Wylie Industrial Court Development, Ltd. for the lease of office space at 250 S. Highway 78, Wylie, Texas. Discussion WEDC has leased office space at 250 S. Hwy 78 since December of 2010. Since that time, the WEDC Board has opted to extend the lease at this location, with the last extension approved in January 2016 and valid through January 31, 2021. The WEDC has three offices, one dedicated work/copy room, one filing room, one dedicated conference room, and one shared conference room. Utilities are shared according to percent of office space utilized, with the WEDC responsible for its own cleaning services. As approved in FY 2020-2021, a monthly lease of$2,250 is paid to Wylie Industrial Court Development, Ltd. Page 1 of 1 v Wylie Economic Development Board ECONOMIC DEVELOPMENT CORPORATION Y h AGENDA REPORT Meeting Date: January 20, 2021 Item Number: 3 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 1/15/21 Exhibits: 1 Subject Discuss issues surrounding citizen comment at WEDC Board Meetings. Recommendation Staff has no recommendation at this time. Discussion As you will recall, this Item was brought up for future discussion at the January 7, 2021 WEDC Board Meeting. Citizen comment is currently accommodated by providing citizens the opportunity to address the Board during the Citizen Comment portion of any WEDC Board Meeting. Additionally, per House Bill 2840, a member of the public may address boards/commissions before or during an item. (Not after action is taken.) In response to House Bill 2840, City Council opted to adopt Ordinance 2019-29 which further addresses rules of procedure for public comment. City Council and various City Boards did provide the opportunity for submitted comments to be read aloud during the Open Meeting. However, this was primarily made available for a brief period of time during the Spring 2020 shutdown due to Covid-19. Page 1 of 1 ORDINANCE NO. 2019-29 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS,ESTABLISHING RULES OF PROCEDURE FOR THE CONDUCT OF PUBLIC TESTIMONY AT MEETINGS OF THE WYLIE BOARDS, COMMISSIONS AND COMMITTEES THAT ARE SUBJECT TO THE TEXAS OPEN MEETINGS ACT; PROVIDING A REPEALING/SAVINGS CLAUSE, SEVERABILITY CLAUSE AND AN EFFECTIVE DATE. WHEREAS, the Texas Legislature recently approved House Bill 2840, amending the Texas Open Meetings Act (the "Act")to establish the right of members of the public to address a governmental body subject to the Act regarding "an item on an agenda for an open meeting of the body"; and WHEREAS, the City Council of the City of Wylie, Texas ("City Council") has long provided an opportunity for members of the public to address the City Council, in recognition of the need for governmental transparency and accountability; and WHEREAS, the City Charter of the City of Wylie, Texas ("Wylie") authorizes the City Council to prescribe rules of procedure for the conduct of meetings of all boards, commissions and committees established by the City Charter or the City Council; and WHEREAS, House Bill 2840 authorizes the City Council to adopt reasonable rules regarding the public's right to address all such boards, commissions and committees, including rules that limit the total amount of time that a member of the public may address such boards, commissions and committees on a given item; and WHEREAS,the City Council desires to adopt rules of procedure for the conduct of public testimony at such meetings in accordance with House Bill 2840. NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS: SECTION 1: Findings Incorporated. The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2: Rules of Procedure. The following rules of procedure shall govern all meetings of the boards, commissions and committees established by the City Charter or the City Council of the City of Wylie that are subject to the Texas Open Meetings Act (collectively, the "Boards and Commissions"), and the conduct of all members and other persons in attendance at such meetings. Right to be Heard Any member of the public shall have a reasonable opportunity to be heard at any and all meetings of the Wylie Boards and Commissions in regard to any and all matters to be considered Ordinance No.2019-29 Adopting Rules of Procedure for Public Testimony at Board/Commission Meetings Page 1 2840034 at any such meeting, or such other matters as members of the public may wish to bring to the attention of the Board or Commission; provided, however, any matter not posted on the agenda may not be discussed by a Board or Commission, nor shall any action be taken by a Board or Commission, except to provide a statement of specific factual information given in response to an inquiry, to recite existing policy in response to an inquiry or to indicate that the matter may be placed on a later agenda. A time shall be set aside during each Board or Commission meeting for the Board or Commission to hear from the public, such designated time not to exceed three (3) minutes per person,or six(6)minutes if the individual represents a group;provided,however,that a member of the public who addresses the body through a translator/interpreter shall be entitled to speak for up to six(6)minutes,or twelve(12)minutes if the individual represents a group,in order to ensure that non-English speakers receive the same opportunity to address the body. The presiding officer shall retain the discretion to further limit or increase this time for public comments on agenda items. Comments from members of the public on agenda items will be heard during the discussion of those agenda items. Citizen comments pertaining to non-agenda items will be heard during the public participation portion of the meeting. Any written information brought by a member of the public pertaining to agenda items or other issues must be presented to the City Secretary's Office by the Monday of the week preceding the week of the Board or Commission meeting so that staff and the Board or Commission may review the materials. Members of the public attending a scheduled Board or Commission meeting may speak before the Board or Commission by completing a form and presenting it to the Board or Commission staff liaison prior to the beginning of such meeting. In addition, members of the public may request a Board or Commission member to place an item on the agenda. Each Board and Commission expects any member of the public to speak in a civil manner, with due respect for the decorum of the meeting, and with due respect for all persons attending. Personal attacks made publicly toward any member of the public or City employee that are prohibited by law are not allowed. Members of the public are encouraged to bring their complaints regarding employee performance through the supervisory chain of command in accordance with the City's Personnel Policies. Notwithstanding anything to the contrary herein, nothing in these rules of procedure is intended or shall be interpreted to prohibit public criticism of the City Council, Board or Commission, including criticism of any act, omission, policy, procedure, program or service. The Board or Commission or presiding officer may,however, disallow public criticism that is prohibited by law. No member of the public shall be heard until recognized by the presiding officer. Any member of the public interrupting Board or Commission proceedings, approaching 'the dais without permission,otherwise creating a disturbance,or failing to abide by these rules of procedure in addressing the Board or Commission, shall be deemed guilty of disrupting a meeting (section 42.5, Penal Code, Class B, Misdemeanor) and, at the direction of the presiding officer, shall be removed from the meeting room by the sergeant-at-arms or other agent designated by the Board or Commission. The foregoing rules of procedure shall not apply to meetings of the City Council, which are governed by a separate set of rules of procedure. In the event of a conflict between the Ordinance No.2019-29 Adopting Rules of Procedure for Public Testimony at Board/Commission Meetings Page 2 28400�,4 foregoing rules of procedure and a rule, bylaw, order or other practice adopted by a board, commission or committee subject to these rules,the foregoing rules of procedure shall control and supersede any such conflicting rule, bylaw, order or other practice. SECTION 3: Severability. Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional and/or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. The City Council hereby declares that it would have passed this Ordinance, and each section, subsection, clause or phrase thereof, regardless of whether any one or more sections, subsections, sentences, clauses or phrases is declared unconstitutional and/or invalid. SECTION 4: Savings/Repealing. All provisions of any Ordinance in conflict with this Ordinance are hereby repealed to the extent they are in conflict. Any remaining portions of said ordinances shall remain in full force and effect. SECTION 5: Effective Date. This Ordinance shall take effect immediately from and after its passage. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS on this 24 day of September, 2019. Eric Hogue, y ATTESTED AND CORRECTLY r,,; --. RECORDED: � ? gkleheCIALLI. }, f 1�4v;9 Stephanie Storm, City Secretary I' �Uyp,COLGR 100 C SrtiSSA F RA/L164 01887. Sa127? S Ordinance No.2019-29 Adopting Rules of Procedure for Public Testimony at Board/Commission Meetings Page 3 2840034 4 -4 ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: January 20, 2021 Item Number: 4 (Staff Use Only) Department: WEDC Prepared By: Jason Greiner Account Code: Date Prepared: 1/15/21 Exhibits: 4 Subject Staff report: WEDC Property Update, Engineering Report, Upcoming Events, Future Agenda Items, and WEDC Activities/Programs. Recommendation No action is requested by staff for this item. Discussion Staff will lead a discussion regarding WEDC Properties, Engineering Reports,Upcoming Events, Future Agenda Items, 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 15 41 28 45 Jan 4 5 4 6 2 12 2 3 1 Feb 22 14 20 31 4 36 54 27 30 Feb 2 5 11 6 5 1 7 0 15 Mar 18 17 30 31 43 33 61 26 45 Mar 6 3 17 8 3 0 1 1 1 Apr 29 38 10 57 41 70 49 37 52 Apr 12 24 7 11 1 1 17 0 12 May 20 22 26 68 101 45 48 40 30 May 0 9 17 4 4 11 7 0 0 Jun 13 11 9 57 58 98 47 33 7 Jun 2 5 12 5 1 7 15 0 10 Jul 19 18 29 36 34 60 63 56 35 Jul 3 1 14 12 1 1 11 0 18 Aug 20 19 19 30 25 11 50 37 47 Aug 6 3 1 5 0 12 0 0 34 Sep 15 8 17 24 18 46 23 37 25 Sep 7 6 2 7 0 5 9 0 28 Oct 28 30 21 32 26 33 45 27 26 Oct 2 1 9 5 0 0 7 2 71 Nov 14 18 20 33 11 42 34 28 24 Nov 3 2 1 2 0 14 3 0 36 Dec 16 23 65 38 39 18 16 33 35 Dec 1 4 5 6 0 40 0 30 44 TOTAL 230 236 280 483 409 507 531 409 401 TOTAL 48 68 100 77 17 104 79 36 270 Murphy Sachse 12 13 14 15 16 17 18 19 20 12 13 14 15 16 17 18 19 20 Jan 7 26 13 1 12 5 0 0 8 Jan 8 13 18 14 16 4 15 6 8 Feb 14 4 5 5 4 2 6 0 3 Feb 11 8 29 17 31 15 9 5 10 Mar 6 6 8 4 5 4 0 3 12 Mar 12 1 13 24 31 23 5 4 3 Apr 10 23 1 3 8 1 0 24 3 Apr 4 13 17 12 24 15 2 1 4 May 14 7 7 2 2 0 0 10 0 May 17 10 21 6 21 15 9 4 0 Jun 19 15 6 7 4 0 0 4 3 Jun 17 14 16 38 25 14 3 1 8 Jul 16 7 22 4 2 8 1 10 2 Jul 14 15 30 12 22 17 4 4 9 Aug 13 15 16 2 21 0 0 4 6 Aug 19 10 29 41 32 8 6 6 4 Sep 10 10 3 3 6 0 0 2 0 Sep 12 17 23 27 20 3 2 2 17 Oct 16 16 4 0 2 0 0 4 0 Oct 15 25 18 31 29 10 6 4 39 Nov 17 5 5 2 6 0 1 5 0 Nov 9 12 27 26 12 6 6 3 35 Dec 7 15 4 0 1 1 5 9 0 Dec 10 11 39 12 11 2 3 5 24 TOTAL 149 149 94 33 73 21 13 75 37 TOTAL 148 149 280 260 274 132 70 45 161 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 16 10 19 11 9 7 13 40 8 14 13 18 2 164 17 10 12 26 29 18 30 16 17 20 14 19 18 229 18 30 27 29 24 23 35 18 13 8 14 31 9 261 19 4 9 15 16 5 5 5 11 16 30 4 15 135 20 18 17 20 34 13 19 33 31 27 25 7 22 266 Wylie Economic Development Corporation Inventory Subledger December 31, 2020 Inventory-Land Date of Pun Address Acreage Improvements Cost Basis Sub-totals Cooper McMasters 7/12/05 709 Cooper 0.4750 0 n/a $202,045 Heath 12/28/05 706 Cooper 0.4640 $32,005 3,625 186,934 Perry 9/13/06 707 Cooper 0.4910 0 Demo 200,224 Bowland/Anderson 10/9/07 Cooper Dr. 0.3720 0 n/a 106,419 Duel Products 9/7/12 704 Cooper Dr. 0.5000 0 n/a 127,452 Randack 10/23/12 711-713 Cooper Dr. 1.0890 217,500 8,880 400,334 Lot 2R3 7/24/14 Cooper Dr. 0.9500 0 n/a 29,056 $1,252,464 Industrial Ct. Jarrard 12/22/16 201 Industrial Ct 0.2900 32,893 3,900 300,493 300,493 Regency Regency Pk. 6/4/10 25 Steel Road 0.6502 0 n/a 25,171 25,171 Commerce Hobart Investments 11/12/13 Commerce 1.6000 0 n/a 156,820 Hobart 1/6/14 605 Commerce 1.0650 396,263 20,000 386,380 Dallas Whirlpools 11/22/16 900-908 Kirby 4.7900 128,925 9,000 2,182,080 2,725,280 Downtown Heath 3/17/14 104 N. Jackson 0.1720 0 Demo 220,034 Udoh 2/12/14 109 Marble 0.1700 0 n/a 70,330 Peddicord 12/12/14 100 W. Oak St 0.3481 155,984 4,444 486,032 City Lot 12/12/14 108/110 Jackson 0.3479 0 n/a Jones(K&M) 9/3/15 106 N. Birmingham 0.2100 42,314 4,125 190,596 FBC Lot 6/15/16 111 N. Ballard St 0.2000 0 n/a 150,964 FFA Village 1/7/18 102. N. Birmingham 0.1700 35,390 Demo 99,804 1,217,760 Alanis White Property(Alanis) 12/12/14 Alanis 6.6328 0 n/a 420,336 420,336 South Ballard Birmingham Trust 6/3/15 505-607 S. Ballard 1.1190 0 n/a 409,390 Murphy 3/7/19 701 S. Ballard 0.2000 115,724 1,312 172,487 Braley 7/22/19 503 S. Ballard 0.2558 50,762 Demo 177,398 759,275 Squire Gallagher 3/14/18 Squire-lot 2-4 2.6720 100,404 6,000 573,844 573,844 Brown&78 Turner 12/5/18 504 E. Brown 1.0220 84,077 Demo 308,180 Wallace 12/18/18 502 E. Brown 0.1870 24,637 680 204,775 Karan 12/28/18 300 E. Brown 2.3866 0 0 1,250,391 O'Donald 1/7/19 410 E. Brown 0.1870 64,421 940 177,044 Weatherford 2/12/19 303 Marble 2.1740 0 0 757,488 Brothers JV 2/26/19 306&308 N.2nd Street 0.3770 0 n/a 145,923 Pulliam 2/27/19 300 N. 2nd Street 0.2570 122,764 1,364 218,472 Swayze 4/18/19 208 N. 2nd Street 0.2580 73,313 Demo 187,501 Swayze 5/9/19 204 N. 2nd Street 0.2580 121,781 Demo 187,658 Kreymer 10/9/19 302 N. 2nd Street 0.1290 72,609 1,386 187,942 KCS 11/22/19 Hwy 78 Frontage 2.5363 0 0 674,110 City of Wylie 5/14/20 ROW Purchase/Alleys 1.8800 0 0 81,713 Collin County 5/7/20 SWC Hwy 78&Marble 0.3590 0 0 75,964 Collin County 5/7/20 414 S. 2nd Street(NWC Hwy 78&Marble) 1.2260 0 0 296,152 TxDOT Pending 4,753,314 Total 38.4707 $1,871,766 65,656 $12,027,937 $12,027,937 *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). P Pi(04 ECONOMIC DEVELOPMENT CORPORATION 2021 January Board Meeting—7th&20th Day Time Meeting/Event CLOSED New years Ilya Elpliday 7 WEDC- Board Meeting(December) 12 WDMA Meeting-AW/JG 12 City Council—Joint Work Session & Executive Session 20 WEDC—Board Meeting 21 PPP and EIDL Explained-SBA and Workforce Solutions of North Central Texas 26 City Council—Annual Report, Work Session & Executive Session 2021 February Board Meeting—17th Day Time Meeting/Event 2 WDMA Meeting 9 City Council 12 Bisnow Reopening the Workplace- Virtual 17 WEDC—Board Meeting 20 WISD Education Foundation-Boots& BBQ- Virtual 22-26 TEDC Legislative Conference-Virtual 23 City Council-Wylie EDC/Retail Coach Presentation 2021 Marchi Board Meeting-17th Day Time Meeting/Event 2 WDMA Meeting 8-12 Wylie ISD Spring Break 9 City Council 14-18 Wylie ISD College Week 15-16 IEDC Leadership Summit-Phoenix 17 WEDC—Board Meeting 22-26 TEDC-Basic Economic Development Course(Virtual) 23 City Council Around the Corner... • IAMC Spring Forum-April 24-28, 2021 • Small Business Week-May 2-8, 2021 • Economic Development Week-May 3-8, 2021 • ICSC RECon-moved to December S-7, 2021 • Wylie Days& Collin County Days? t F ? qx it 0 `';'a * a t 1 s � } a'i t��� t a s I� 1 f t E ' `V }ZS a., s^,i M 'n''b :Y g , 6 ., r,, tip�4� tit ,.. o ,n tii�S „' ..mm ., .. t 2 I� � .. ... 1 4 ,41l n �n m a t ,.,.,1 .,. ''yq t SAVE THE DATE Thursday, January 21 - ii:00 a.m. PPP and EIDL Explained Have questions? Need Help? We've assembled a team of experts for an interactive and informative session to help businesses quickly and efficiently apply for assistance programs. Join the SBA and Workforce Solutions of North Central Texas for a brief interactive tutorial on applying for the new round of PPP and EIDL funding available to businesses. Listen - Learn - Ask Questions Get Answers Directly From the Experts! Join us for this Virtual Luncheon at: https://us02web.zoom.us/j/89715439295?pwd=bWlOMmkzK2NmQm8zbFF6OHY2WVhjUTO9 Meeting ID: 897 1543 9295 Passcode: 332715 This session is open to all businesses free of charge. Brought to you by: WYLIECHAMBEROFCOMMERCE ''''' WORKFORCE SOLUTIONS , ''''p ' L� WYLIE, TX L. J. Connecting Business and Community ECONOMIC DEVELOPMENT CORPORATION EasSmntt t'nesmese QUALIFIED CANDIDATES.BETTER JOBS.NO CHARGE.