The URL can be used to link to this page

01-19-2022 (WEDC) Agenda Packet Wylie Economic Development Corporation Board Regular Meeting January 19, 2022—8:30 AM WEDC Office Conference Room-250 South Highway 78,Wylie, Texas 75098 CALL TO ORDER INVOCATION& PLEDGE OF ALLEGIANCE COMMENTS ON NON-AGENDA ITEMS Any member of the public may address Board regarding an item that is not listed on the Agenda. Members of the public must fill out a form prior to the meeting in order to speak.Board requests that comments be limited to three minutes for an individual, six minutes for a group.In addition,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 Board 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 Minutes from the January 6, 2022 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the December 2021 WEDC Treasurer's Report. REGULAR AGENDA 1. Consider and act upon a Performance Agreement between the WEDC and Fuel City Wylie, LLC. 2. Consider and act upon issues surrounding tree removal at Hwy 78/Brown. 3. Consider and act upon the award of bid for the flood study at Hooper/Steel to Cardinal Strategies Engineering Services, LLC. 4. Consider and act upon issues surrounding the 2021 WEDC Annual Report. DISCUSSION ITEMS DS 1. Discussion regarding WEDC Bylaws and Board Member Handbook. DS2. Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. EXECUTIVE SESSION Page 11 1 Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental effect on its negotiating position. ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper, State Hwy 78/Ballard, State Hwy 78/Birmingham, State Hwy 78/Brown, and State Hwy 78/Cooper. Sec. 551.074.PERSONNEL MATTERS; CLOSED MEETING. (a)This chapter does not require a governmental body to conduct an open meeting: (1)to deliberate the appointment,employment, evaluation,reassignment,duties,discipline, or dismissal of a public officer or employee; or (2)to hear a complaint or charge against an officer or employee. (b)Subsection(a)does not apply if the officer or employee who is the subject of the deliberation or hearing requests a public hearing. ES2. Evaluation of WEDC Executive Director. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. This chapter does not require a governmental body to conduct an open meeting: (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay,or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision(1). ES3. Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for Projects: 2017-10a,2020-1 lb,2021-2d,2021-4a,2021-4b, 2021-5d, 2021-6a, 2021-6c, 2021-8a, 2021-9b,2021-9e, 2021-9f, and 2021-11a. RECONVENE INTO OPEN SESSION Take any action as a result from Executive Session. FUTURE AGENDA ITEMS ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on January 14, 2022 at 5:00 p.m. on the outside bulletin board at Wylie City Hall,300 Country Club Road,Building 100,Wylie,Texas, a place convenient and readily accessible to the public at all times. Stephanie Storm, City Secretary Date Notice Removed The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled attendees must be requested 48 hours in advance by contacting the City Secretary's Office at 972.516.6020.Hearing impaired devices are available from the City Secretary prior to each meeting. Page 12 2 If during the course of the meeting covered by this notice, the Board should determine that a closed or executive meeting or session of the 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 Board at the date,hour and place given in this notice as the 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 sanctions and purposes: Texas Government Code Section: § 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. Page 13 3 01/19/2022 Item A. Minutes Wylie Economic Development Corporation Board of Directors Meeting January 6, 2022— 8:30 A.M. 300 Country Club Road, Building#100 Wylie,TX 75098 CALL TO ORDER Announce the presence of a Quorum Vice President Melisa Whitehead called the meeting to order at 8:38 a.m. Board Members present were Gino Mulliqi, Tim Gilchrist, and Blake Brininstool. Ex-Officio Members Mayor Matthew Porter and Assistant City Manager Renae' 011ie were present. WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, and Senior Assistant Rachael Hermes. INVOCATION&PLEDGE OF ALLEGIANCE Angel Wygant gave the invocation and led the Pledge of Allegiance. COMMENTS ON NON-AGENDA ITEMS With no citizen participation,Vice President Whitehead 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 a 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 Minutes from the November 17, 2021 Regular Meeting and the November 29,2021 Work Session of the WEDC Board of Directors. B. Consider and act upon approval of the November 2021 WEDC Treasurer's Report. Board Action A motion was made by Tim Gilchrist, seconded by Gino Mulliqi, to approve the Consent Agenda as presented.A vote was taken,and the motion passed 4-0. REGULAR AGENDA 1. Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the WEDC and Victory Group,LLC. Staff Comments Staff reviewed the Purchase & Sale Agreement with Victory Group, LLC and noted the request for an additional extension to the"Approval Period"within the contract from December 15,2021 to February 9, 2022. Issues with approval related to parking and building size have necessitated the request and the extension would allow additional time for potential City Council approval. Board Action A motion was made by Gino Mulliqi,seconded by Blake Brininstool,to approve a Second Amendment to the Purchase and Sale Agreement between the WEDC and Victory Group, LLC for the sale of.29- 4 01/19/2022 Item A. WEDC—Minutes January 6, 2022 Page 2 of 4 acre of real property and further authorize the WEDC Board President to execute all documentation necessary to effectuate the transactions.A vote was taken,and the motion passed 4-0. Vice President Whitehead moved to consideration of Items 3-5 prior to consideration of Item 2. 3. Consider and act upon a Performance Agreement between the WEDC and Fuel City Wylie,LLC. Staff Comments Staff informed the Board that additional information was necessary for review and recommended that the Board table this item until the next meeting. Board Action A motion was made by Blake Brininstool, seconded by Gino Mulliqi, to table this item until the next WEDC Board Meeting.A vote was taken, and the motion passed 4-0. 4. Consider and act upon issues surrounding tree removal at Hwy 78/Brown. Staff Comments Staff informed the Board that the issue of tree removal was added as a proactive measure,with additional information involving the scope of the NTMWD project being available at a later date. Staff advised the Board that they could either approve a contract for tree removal or table the Item until a later date to have the opportunity to review the scope of work that would be performed by NTMWD. Board Action A motion was made by Gino Mulliqi, seconded by Blake Brininstool, to table this Item until the next WEDC Board Meeting to allow time for the opening and evaluation of waterline relocation bids by NTMWD.A vote was taken,and the motion passed 4-0. 5. Consider and act upon a flood study at Hooper/Steel. Staff Comments Staff recapped the status of property near the Hooper/Steel area and discussed the need for a flood study to resolve issues impacting development of this area. Staff noted that there were multiple properties impacted and addressing flooding issues would unlock development in this area. Staff recommended that this Item be tabled until the next WEDC Board meeting to give staff time to provide additional information and coordinate with City of Wylie Engineering Department. Board Action A motion was made by Tim Gilchrist, seconded by Blake Brininstool, to table this Item until the next WEDC Board Meeting.A vote was taken, and the motion passed 4-0. Vice President Whitehead moved back to Item 2. 2. Consider and act upon issues surrounding the Performance Agreement between the WEDC and GDA Investments,LLC.—Series 53. Staff Comments Staff reminded the Board that this was one of the projects located in the Hooper/Steel area that would be impacted by the flood study discussed in Item 5. GDA is still interested in moving forward with the project if a solution can be found and is requesting an amendment to the Performance Agreement to allow time for the flood study to be conducted. Staff discussed options to either amend the Performance 5 01/19/2022 Item A. WEDC—Minutes January 6, 2022 Page 3 of 4 Agreement,table the Item, or deny the extension, in which case the agreement would be rendered null and void. Board Action A motion was made by Tim Gilchrist, seconded by Gino Mulliqi, to approve a First Amendment to a Performance Agreement between the WEDC and GDA Investments, LLC. — Series 53, and further authorize the WEDC Executive Director to execute said Agreement. A vote was taken, and the motion passed 4-0. DISCUSSION ITEMS DS4. Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming Events, WEDC Bylaws, New Board Member Handbook, Policies and Procedures for WEDC, WEDC Annual Report,and WEDC Activities/Programs. Staff discussed property cleanup and pending demolition/tree removal at Hwy 78/Brown. The Board expressed interest in moving forward with all necessary demolition. Staff noted the upcoming demolition of 103 S Ballard and highlighted the coordination/planning that will take place with all parties that may be impacted. Staff was notified of a transformer that had spilled mineral oil onto the Hwy 78/Brown property near the former nursing home. Oncor provided documentation that there are no environmental issues and staff has shared the information with Elm Creek Environmental. Staff discussed the need for a drainage assessment in Downtown Wylie and Mayor Porter noted that City Council will be providing further direction.Assistant City Manager Renae' 011ie noted that the property at 401 N Keefer will be taken to the Historic Review Commission at the end of January for zoning review to allow for commercial use.The application with KCS for the water line installation at FM 544 will soon be submitted.Drainage on FM 544 will be reviewed to maximize regional detention and drive taxable value on the property. Median improvement plans with TxDOT are still underway at Hwy 78/Brown. Staff reviewed the Marketing Calendar and discussed upcoming events. Staff discussed the upcoming Annual Report and will further discuss goals and objectives with the Board. EXECUTIVE SESSION Recessed into Closed Session at 9:34 a.m.in compliance with Section 551.001,et.seq.Texas Government Code, to wit: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper, State Hwy 78/Ballard, State Hwy 78/Birmingham, State Hwy 78/Brown, and State Hwy 78/Cooper. Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING. ES2. Evaluation of WEDC Staff. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. ES3. Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for Projects: 2017-10a,2020-11b,2021-4a, 2021-4b,2021-5d,2021-6a,2021-6c,2021-8a,2021-9b,2021-9e,2021-9f,2021-11a,and 2021-11b. 6 01/19/2022 Item A. WEDC—Minutes January 6, 2022 Page 4 of 4 The Board reconvened into Open Session at 9:39 a.m.prior to any discussion and agreed to allow President Demond Dawkins to connect via teleconference for observation purposes only.President Dawkins was not available to connect via teleconference. The Board recessed back into Executive Session at 9:39 a.m. Mayor Porter left the meeting at 10:30 a.m. during Executive Session. RECONVENE INTO OPEN SESSION Take any action as a result of the Executive Session. Vice President Whitehead reconvened into Open Session at 10:49 a.m. FUTURE AGENDA ITEMS There were no Items requested for inclusion on future agendas. ADJOURNMENT With no further business,Vice President Whitehead adjourned the WEDC Board meeting at 10:49 a.m. Melisa Whitehead,Vice President ATTEST: Jason Greiner,Executive Director 7 01/19/2022 Item B. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 17, 2022 Item Number: Prepared By: Jason Greiner Account Code: Date Prepared: 1/17/22 Exhibits: 5 Subject Consider and act upon approval of the December 2021 WEDC Treasurer's Report. Recommendation Motion to approve the December 2021 WEDC Treasurer's Report. Discussion Presented for the Board's review and approval is the December 2021 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 $263,577.66, an increase of 11.98% over the same period in 2020. EXPENSES: Engineering/Architectural $7,750 Ballard Surveys/Exhibits -J. Volk Consulting, Inc. Page 1 of 1 8 01/19/2022 Item B. December Rev/Exp Report Account Summary For Fiscal: 2021-2022 Period Ending: 12/31/2021 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue Category:400-Taxes 111 4000 40210 SALES TAX 3,789,966.00 3,789,966.00 263,577.66 263,577.66 -3,526,388.34 93.05% Category:400-Taxes Total: 3,789,966.00 3,789,966.00 263,577.66 263,577.66 -3,526,388.34 93.05% Category:460-Interest Income 111 4000 46110 ALLOCATED INTEREST EARNINGS 6,000.00 6,000.00 176.88 536.22 -5,463.78 91.06% Category:460-Interest Income Total: 6,000.00 6,000.00 176.88 536.22 -5,463.78 91.06% Category:480-Miscellaneous Income 111 4000 48110 RENTAL INCOME 132,240.00 132,240.00 4,805.00 12,040.00 -120,200.00 90.90% 111 4000 48410 MISCELLANEOUS INCOME 0.00 0.00 0.00 9.96 9.96 0.00% 111 4000 48430 GAIN/(LOSS)SALE OF CAP ASSETS 2,601,116.00 2,601,116.00 0.00 0.00 -2,601,116.00 100.00% Category:480-Miscellaneous Income Total: 2,733,356.00 2,733,356.00 4,805.00 12,049.96 -2,721,306.04 99.56% Category:490-Transfers In&Other Financing Sources 111 4000 49'32') BANK NOTE PROCEEDS 0.00 8,108,000.00 0.00 8,108,000.00 0.00 0.00% Category:490-Transfers In&Other Financing Sources Total: 0.00 8,108,000.00 0.00 8,108,000.00 0.00 0.00% Revenue Total: 6,529,322.00 14,637,322.00 268,559.54 8,384,163.84 -6,253,158.16 42.72% Expense Category:510-Personnel Services 111 5611-51110 SALARIES 286,558.00 286,558.00 18,642.66 57,925.41 228,632.59 79.79% 111 5611-51140 LONGEVITY PAY 729.00 729.00 0.00 724.00 5.00 0.69% 111 5611 51310 TMRS 44,530.00 44,530.00 2,949.30 9,150.32 35,379.68 79.45% 111 5611 51410 HOSPITAL&LIFE INSURANCE 49,304.00 49,304.00 -743.35 7,080.20 42,223.80 85.64% 111 5611 51420 LONG-TERM DISABILITY 1,707.00 1,707.00 0.00 0.00 1,707.00 100.00% 111 5611-51440 FICA 18,623.00 18,623.00 1,117.41 3,335.23 15,287.77 82.09% 1)1 5611 51450 MEDICARE 4,355.00 4,355.00 261.32 779.98 3,575.02 82.09% 111 5611 5147/0 WORKERS COMP PREMIUM 378.00 378.00 0.00 351.92 26.08 6.90% 1)1 5611 51480 UNEMPLOYMENT COMP(TWC) 1,080.00 1,080.00 0.00 0.00 1,080.00 100.00% Category:510-Personnel Services Total: 407,264.00 407,264.00 22,227.34 79,347.06 327,916.94 80.52% Category:520-Supplies 111 5611-52010 OFFICE SUPPLIES 5,000.00 5,000.00 517.64 675.34 4,324.66 86.49% 111 5611 52040 POSTAGE&FREIGHT 300.00 300.00 0.00 0.00 300.00 100.00% 111 5611-52810 FOOD SUPPLIES 6,100.00 6,100.00 676.16 2,081.48 4,018.52 65.88% Category:520-Supplies Total: 11,400.00 11,400.00 1,193.80 2,756.82 8,643.18 75.82% Category:540-Materials for Maintenance 111 5611-54610 FURNITURE&FIXTURES 2,500.00 2,500.00 0.00 0.00 2,500.00 100.00% 111 5611 54810 COMPUTER HARD/SOFTWARE 5,500.00 5,500.00 0.00 0.00 5,500.00 100.00% Category:540-Materials for Maintenance Total: 8,000.00 8,000.00 0.00 0.00 8,000.00 100.00% Category:560-Contractual Services 111 5611-56030 INCENTIVES 1,043,973.00 1,043,973.00 0.00 0.00 1,043,973.00 100.00% 111 5611 56040 SPECIAL SERVICES 118,156.00 297,156.00 3,873.05 117,796.65 179,359.35 60.36% 111 5611 56080 ADVERTISING 129,100.00 129,100.00 5,250.00 12,296.04 116,803.96 90.48% 111 5613 56090 COMMUNITY DEVELOPMENT 52,050.00 52,050.00 7,998.66 14,060.78 37,989.22 72.99% 111 5611 56110 COMMUNICATIONS 6,400.00 6,400.00 551.66 951.32 5,448.68 85.14% 111 5611 56180 RENTAL 27,000.00 27,000.00 4,500.00 6,750.00 20,250.00 75.00% 111 5611 56210 TRAVEL&TRAINING 74,600.00 74,600.00 7,253.54 14,563.82 60,036.18 80.48% 111 5611 562`,0 DUES&SUBSCRIPTIONS 39,810.00 39,810.00 246.99 32,752.49 7,057.51 17.73% 111 5611 56310 INSURANCE 6,303.00 6,303.00 0.00 5,155.01 1,147.99 18.21% 111 5611 56510 AUDIT&LEGAL SERVICES 33,000.00 33,000.00 5,154.00 5,154.00 27,846.00 84.38% 111 5611 56`,70 ENGINEERING/ARCHITECTURAL 87,500.00 87,500.00 7,750.00 19,750.00 67,750.00 77.43% 1/17/2022 1.45 02 PM Page 1 of 4 9 01/19/2022 Item B. Budget Report For Fiscal:2021-2022 Period Ending:12/31/2021 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining 111 561156610 UTILITIES-ELECTRIC 2,400.00 2,400.00 305.60 305.60 2,094.40 87.27% Category:560-Contractual Services Total: 1,620,292.00 1,799,292.00 42,883.50 229,535.71 1,569,756.29 87.24% Category:570-Debt Service&Capital Replacement 111 561157410 PRINCIPAL PAYMENT 694,127.33 5,403,249.03 25,969.06 4,763,438.66 639,810.37 11.84% 1115611-57415 INTEREST EXPENSE 315,135.79 326,452.12 24,079.94 60,206.52 266,245.60 81.56% Category:570-Debt Service&Capital Replacement Total: 1,009,263.12 5,729,701.15 50,049.00 4,823,645.18 906,055.97 15.81% Category:580-Capital Outlay 111 5611_58110 LAND-PURCHASE PRICE 0.00 3,718,392.59 0.00 3,248,392.59 470,000.00 12.64% 111561158210 STREETS&ALLEYS 2,175,000.00 2,425,000.00 0.00 0.00 2,425,000.00 100.00% 111561158995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 -3,238,392.59 3,238,392.59 0.00% Category:580-Capital Outlay Total: 2,175,000.00 6,143,392.59 0.00 10,000.00 6,133,392.59 99.84% Expense Total: 5,231,219.12 14,099,049.74 116,353.64 5,145,284.77 8,953,764.97 63.51% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): 1,298,102.88 538,272.26 152,205.90 3,238,879.07 2,700,606.81 -501.72% Report Surplus(Deficit): 1,298,102.88 538,272.26 152,205.90 3,238,879.07 2,700,606.81 -501.72% 1,17/2022 1 45 02 pm Page 2 of 4 10 01/19/2022 Item B. Budget Report For Fiscal:2021-2022 Period Ending:12/31/2021 Group Summary Variance Original Current Period Fiscal Favorable Percent Categor... Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue 400-Taxes 3,789,966.00 3,789,966.00 263,577.66 263,577.66 -3,526,388.34 93.05% 460-Interest Income 6,000.00 6,000.00 176.88 536.22 -5,463.78 91.06% 480-Miscellaneous Income 2,733,356.00 2,733,356.00 4,805.00 12,049.96 -2,721,306.04 99.56% 490-Transfers In&Other Financing Sources 0.00 8,108,000.00 0.00 8,108,000.00 0.00 0.00% Revenue Total: 6,529,322.00 14,637,322.00 268,559.54 8,384,163.84 -6,253,158.16 42.72% Expense 510-Personnel Services 407,264.00 407,264.00 22,227.34 79,347.06 327,916.94 80.52% 520-Supplies 11,400.00 11,400.00 1,193.80 2,756.82 8,643.18 75.82% 540-Materials for Maintenance 8,000.00 8,000.00 0.00 0.00 8,000.00 100.00% 560-Contractual Services 1,620,292.00 1,799,292.00 42,883.50 229,535.71 1,569,756.29 87.24% 570-Debt Service&Capital Replacement 1,009,263.12 5,729,701.15 50,049.00 4,823,645.18 906,055.97 15.81% 580-Capital Outlay 2,175,000.00 6,143,392.59 0.00 10,000.00 6,133,392.59 99.84% Expense Total: 5,231,219.12 14,099,049.74 116,353.64 5,145,284.77 8,953,764.97 63.51% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): 1,298,102.88 538,272.26 ................152,205.90 3,238,879.07 2,700,606.81 -501.72% Report Surplus(Deficit): 1,298,102.88 538,272.26 152,205.90 3,238,879.07 2,700,606.81 -501.72% 1./17/21 2 1:4502. PM Page 3 of 4 11 01/19/2022 Item B. Budget Report For Fiscal:2021-2022 Period Ending:12/31/2021 Fund Summary Variance Original Current Period Fiscal Favorable Fund Total Budget Total Budget Activity Activity (Unfavorable) 111-WYLIE ECONOMIC DEVEL COR 1,298,102.88 538,272.26 152,205.90 3,238,879.07 2,700,606.81 Report Surplus(Deficit): 1,298,102.88 538,272.26 152,205.90 3,238,879.07 2,700,606.81 1,17/2022 1 45 04 PM Page 4 of 4 12 01/19/2022 Item B. Wylie Economic Development Corporation Statement of Net Position As of December 31, 2021 Assets Cash and cash equivalents $ 3,636,938.53 Receivables $ 60,000.00 Note 1 Inventories $ 15,673,662.29 Prepaid Items $ - Total Assets $ 19,370,600.82 Deferred Outflows of Resources Pensions $ 95,608.55 Total deferred outflows of resources $ 95,608.55 Liabilities Accounts Payable and other current liabilities $ 34,719.70 Unearned Revenue $ 1,200.00 Note 2 Non current liabilities: Due within one year $ 267,565.45 Note 3 Due in more than one year $ 8,209,835.91 Total Liabilities $ 8,513,321.06 Deferred Inflows of Resources Pensions $ (47,711.41) Total deferred inflows of resources $ (47,711.41) Net Position Net investment in capital assets $ - Unrestricted $ 10,905,176.90 Total Net Position $ 10,905,176.90 Note 1: Includes incentives in the form of forgivable loans for$60,000(LUV-ROS) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$20,727 13 01/19/2022 Item B. W YLI EmsP1R,Cl;E ° Balance Sheet Account Summary As Of 12/31/2021 Account Name Balance Fund:111-WYLIE ECONOMIC DEVEL CORP Assets CLAIM ON CASH AND CASH EQUIV. 3,634,938.53 1111000-1.0115 CASH-WEDC-INWOOD 0.00 11.1 1-000•1013,5 ESCROW 0.00 111-10001.0.18.0 DEPOSITS 2,000.00 1114000-10198 OTHER-MISC CLEARING 0.00 111-100040341. TEXPOOL 0.00 111-1000-10343 LOGIC 0,00 111-1000-1.0431 INTEREST RECEIVABLE 0.00 111-10C Q-11.511 ACCTS REC-MISC 0.00 111-1000-1'1517 ACCTS REC-SALES TAX 0.00 111-1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 1 1 1000 12996 LOAN RECEIVABLE 0.00 1.11-1000-1.2997 ACCTS REC-JTM TECH 0.00 111--1000-12998 ACCTS REC-FORGIVEABLE LOANS 60,000.00 111-101014112 INVENTORY-MATERIAL/SUPPLY 0.00 111-1000-141.16 INVENTORY-LAND&BUILDINGS 15,673,662,29 1l1-1000-14118 INVENTORY-BAYCO/SANDEN BLVD 0.00 111-1p90-14310 PREPAID EXPENSES-MISC 0.00 1111.00044410 DEFERRED OUTFLOWS 453,367.00 Total Assets: 19,823,967.82 19,823,967.82 Liability 111-2000-20110 FEDERAL INCOME TAX PAYABLE 0.00 111-2000-20111 MEDICARE PAYABLE 0.00 111-2000-20112 CHILD SUPPORT PAYABLE 0.00 111-2000-20113 CREDIT UNION PAYABLE 0.00 111-2 000-20 114 IRS LEVY PAYABLE 0.00 1.11-20(70-20115 NATIONWIDE DEFERRED COMP 0.00 111-2000-201.16 HEALTH INSUR PAY-EMPLOYEE 73.12 111-2000-20117 TMRS PAYABLE 0.00 111-2000-20118 ROTH IRA PAYABLE 0.00 111-2000-2011.9 WORKERS COMP PAYABLE 0.00 111 2 000-2 012 0 FICA PAYABLE 0.00 111-2000-20121 TEC PAYABLE 0.00 1:11-•2000-20122 STUDENT LOAN LEVY PAYABLE 0,00 111-2000-20123 ALIMONY PAYABLE 0.00 1:11.2000-201.24 BANKRUPTCY PAYABLE 0.00 1.11-2000-20:125 VALIC DEFERRED COMP 0.00 11.1-2000--20125 ICMA PAYABLE 0.00 111-2000-20127 EMP.LEGAL SERVICES PAYABLE 0.00 111-2000-20130 FLEXIBLE SPENDING ACCOUNT 2,437.44 111-2000-20131 EDWARD JONES DEFERRED COMP 0.00 111 2000-20132 EMP CARE FLITE 12.00 111-2000-20133 Unemployment Comp Payable 0.00 111.-2000-20151 ACCRUED WAGES PAYABLE 0.00 111-2000-20180 ADDIT EMPLOYEE INSUR PAY 169.68 111 2000-20:199 MISC PAYROLL PAYABLE 0.00 111-.2000-20201 AP PENDING 0.00 1112Q_00-20210 ACCOUNTS PAYABLE 32,027.46 111-2000-2053C) PROPERTY TAXES PAYABLE 0.00 111-2000-20540 NOTES PAYABLE 453,367.00 111-2000-20810 DUE TO GENERAL FUND 0.00 1/17/2022 1.:43:09 04 Pdge 1 3112. 14 01/19/2022 Item B. Balance Sheet is Of 12/31/2021 Account Name Balance 111 2000-222711 DEFERRED INFLOW 0.00 2noo 22275 DEF INFLOW-LEASE PRINCIPAL 0.00 111 2000 22 Z80 DEFERRED INFLOW-LEASE INT 0.00 111 2000 22915 RENTAL DEPOSITS 1,200.00 Total Liability: 489,286.70 Equity 111 300C)34110 FUND BALANCE-RESERVED 0.00 111 3000 34000 FUND BALANCE-UNRESERV/UNDESIG 16,095,802.05 Total Beginning Equity: 16,095,802.05 Total Revenue 8,384,163.84 Total Expense 5,145,284.77 Revenues Over/Under Expenses 3,238,879.07 Total Equity and Current Surplus(Deficit): 19,334,681.12 Total Liabilities,Equity and Current Surplus(Deficit): 19,823,967.82 15 01/19/2022 Item B. Wylie Economic Development Corporation SALES TAX REPORT December 31, 2021 BUDGETED YEAR DIFF % DIFF MONTH FY 2019 FY 2020 FY 2021 FY 2022 21 vs.22 21 vs.22 DECEMBER $ 214,867.15 $ 226,663.94 $ 235,381.33 $ 263,577.66 $ 28,196.33 11.98% JANUARY $ 223,749.61 $ 218,520.22 $ 262,263.52 $ - $ - 0.00% FEBRUARY $ 307,366.66 $ 362,129.18 $ 456,571.35 $ - $ - 0.00% MARCH $ 208,222.32 $ 228,091.34 $ 257,187.91 $ - $ - 0.00% APRIL $ 182,499.53 $ 203,895.57 $ 221,881.55 $ - $ - 0.00% MAY $ 274,299.18 $ 289,224.35 $ 400,371.70 $ - $ - 0.00% JUNE $ 234,173.88 $ 239,340.35 $ 290,586.92 $ - $ - 0.00% JULY $ 215,107.94 $ 296,954.00 $ 314,559.10 $ - $ - 0.00% AUGUST $ 283,602.93 $ 325,104.34 $ 390,790.76 $ - $ - 0.00% SEPTEMBER $ 243,048.40 $ 259,257.89 $ 307,681.15 $ - $ - 0.00% OCTOBER $ 224,875.38 $ 249,357.02 $ 326,382.38 $ - $ - 0.00% NOVEMBER $ 308,324.41 $ 384,953.89 $ 411,813.32 $ - $ - 0.00% Sub-Total $ 2,920,137.37 $ 3,283,492.09 $ 3,875,470.98 $ 263,577.66 $ 28,196.33 1.00% Total $ 2,920,137.37 $ 3,283,492.09 $ 3,875,470.98 $ 263,577.66 $ 28,196.33 1.00% E C Sales Tax A n lysis $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 2021 $200,000 2022 $150,000 $100,000 $50,000 $a """Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months. Example:December SIsTx Revenue is actually October SlsTx and is therefore the 1st allocation in FY22. 16 01/19/2022 Item B. Wylie Economic Development Corporation PERFORMANCE AGREEMENT REPORT December 31,2021 TOTAL BUDGETED YEAR REMAININGPREVIOUS FY TOTAL AFTER INCENTIVE CURRENT FY PAYMENTS INCENTIVE PERFORMANCE AGREEMENTS FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 CSD WOODBRIDGE $ 1,100,000.00 $ 140,000.00 $ 43,926.07 $ - $ - $ - $ 43,926.07 $ 916,073.93 $ 1,100,000.00 A BALLERS ELITE-THE LAB,LLC $ 20,000.00 $ 20,000 00 $ - $ - $ - $ - $ - $ - $ 20,000.00 DW WYLIE $ 15,000.00 $ 15,000 00 $ - $ - $ - $ - $ - $ - $ 15,000.00 CBC PROPERTY HOLDINGS $ 50,000.00 $ 25,000 00 $ - $ - $ - $ - $ - $ 25,000.00 $ 50,000.00 SAVANNAH WOODBRIDGE $ 90,000.00 $ 45,000 00 $ - $ - $ - $ - $ - $ 45,000.00 $ 90,000.00 CARDINAL STRATEGIES $ 106,800.00 $ 24,933.00 $ 24,934.00 $ - $ - $ - $ 24,934 00 $ 49,433.00 $ 99,300.00 AVANT!,LLC $ 120,000.00 $ 30,000.00 $ 30,000.00 $ - $ - $ - $ 30,000.00 $ 60,000.00 $ 120,000.00 GDA INVESTMENTS $ 30,500.00 $ 20,000 00 $ 10,500.00 $ - $ - $ - $ 10,500,00 $ - $ 30,500.00 LUV-ROS $ 10,000.00 $ 5,000 00 $ 5,000.00 $ - $ - $ - $ 5,000 00 $ - $ 10,000.00 B AMERICAN ENTITLEMENTS $ 33,000.00 $ 11.000 00 $ 22,000.00 $ - $ - $ - $ 22,000 00 $ - $ 33,000.00 NORTH DALLAS WYLIE LAND $ 120,000.00 $ 20,000 00 $ 20,000.00 $ 20,000.00 $ - $ - $ 40,000 00 $ 60,000.00 $ 120,000.00 AXL $ 65,000.00 $ 40,000 00 $ 12,500.00 $ 12,500.00 $ - $ - $ 25,000,00 $ - $ 65,000.00 $ 1,760,300.00 $ 395,933.00 $ 168,860.07 $ 32,500.00 $ - $ - $ 201,360.07 $ 1,155,506.93 $ 1,752,800.00 Deferred Out Flow $ 413,367.00 A. SLSTX Reimbursement Qrtly Pmnts B. Performance Agreeement($10,000)and Forgiveable Land Grant($60,000 forgiven over 3 years).$20,000/year in 2021,2022,&2023. 17 01/19/2022 Item 1. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 19, 2022 Item Number: 1 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 1/18/22 Exhibits: 1 Subject Consider and act upon a Performance Agreement between the WEDC and Fuel City Wylie,LLC. Recommendation Motion to approve a Performance Agreement between the WEDC and Fuel City Wylie, LLC providing for a maximum infrastructure reimbursement incentive of$500,000 and further authorizing the WEDC Executive Director to execute said Agreement. Discussion As the Board will recall, WEDC staff presented Project 2021-4a back in April 2021. After further analysis and Board direction, staff took the project to City Council on November 15, 2021. In accordance with Resolution No. 2019-17(R), the Wylie City Council authorized the WEDC to formalize negotiations with Fuel City Wylie,LLC(FCW)and enter into a Performance Agreement with the same. Fuel City requested assistance from the WEDC specifically related to the construction of a new 9,340 square foot travel center, a 770 square foot outdoor covered dining area, and a 6,214 square foot car wash on a 7.79 AC lot located at the intersection of Eubanks Lane and State Highway 78. The facility will offer fueling stations for passenger vehicles and commercial trucks, a convenience store/gift shop, dining area, and an Express tunnel carwash. Fuel City plans to invest $10,000,000 on the project which is anticipated to be complete by March 31,2023.Infrastructure included in the project includes two TxDOT deceleration lanes, one from Highway 78 into Fuel City's property and the second decel lane will provide cross-access from the median opening into the adjacent lot. Additionally, the project is also tied to the underground relocation of utilities and stormwater infrastructure improvements for the site. These improvements will add value to the neighboring tracts of land and maximize the buildable square footage on the adjacent properties. Utility relocations and infrastructure improvements on both properties total nearly$800,000. The attached Agreement outlines a$500,000 infrastructure reimbursement incentive and the Performance Measures are identified as follows: ➢ Proof of Certificate of Occupancy by March 31, 2023; and ➢ Proof of Payment of Permit Fees to the City of Wylie; and ➢ Proof of installation (and acceptance) of Decel Lane#2 (main entrance into FCW); and ➢ Proof of installation(and acceptance) of Decel Lane#3 (for adjacent property); and Page 1 of 2 18 01/19/2022 Item 1. ➢ Proof of installation(and acceptance)of all public improvements,fire lanes,and access drives connecting the two properties; and ➢ Proof of installation (and acceptance) of underground stormwater catchment system (underground box culverts vs. open-cut drainage) ➢ Proof Company is current on all ad valorem taxes and other property taxes. Economic Impact Analysis (MA): While this project plans to invest $10MM, the estimated valuation is roughly $7MM. With the WEDC's Infrastructure Reimbursement of$500,000, this project will generate an estimated$1.9MM 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 $3.80 in our community. Additional estimates of tax revenue generated includes$144,048 for Collin County, $392,271 for WISD, and$67,813,for Collin College over the next 10 years. 19 01/19/2022 Item 1. PERFORMANCE AGREEMENT Between Wylie Economic Development Corporation And Fuel City Wylie, LLC This Performance Agreement(the "Agreement") is made and entered into by and between the Wylie Economic Development Corporation ("WEDC"), a Texas corporation organized and existing under Chapter 501 of the Texas Local Government Code, known as the Development Corporation Act, as amended from time to time (the "Act") and Fuel City Wylie, LLC, a Texas limited liability company("Company"). RECITALS WHEREAS, Company has entered into a contract to acquire 7.79 acres of land, more or less,within the corporate limits of the City of Wylie, Texas (the"City"),being Lots 1 and 2,Block A, Woodlake Village, an addition to the City of Wylie, Collin County, Texas, which property is more fully described on the attached Exhibit"A"and depicted on the attached Exhibit"A-1"(the "Property"); WHEREAS, the Company plans to construct a travel center on the Property consisting of a convenience store with fuel pumps and dining containing approximately 9,340 square feet of space, a covered outdoor dining area covering approximately 770 square feet of space, and a car wash containing approximately 6,214 square feet of space (collectively, the "Facilities"), all as shown on the site plan attached hereto as Exhibit "B" (the "Site Plan"); WHEREAS, Company has requested financial and/or economic assistance from the WEDC to plan and construct certain infrastructure improvements to assist in the development of the Property, consisting of economic assistance for all hard and soft costs relating to the construction of public infrastructure and site improvements on or adjacent to the Property; WHEREAS, Section 501.103 of the Act states that the WEDC may provide funding for expenditures that are found by the Board of Directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises,limited to streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements (the"Qualified Infrastructure"); and WHEREAS, Company proposes to use the economic incentive for the construction of the Qualified Infrastructure which will include approved public infrastructure improvements and site improvements as may be amended from time to time, necessary for the development of the Property and which will benefit the surrounding properties, as generally described and/or depicted in the attached Exhibit"C", including, but not limited to, (i)the deceleration lanes labeled on the Site Plan as Decel 2 Lane and Decel 3 Lane (the "Deceleration Lanes"), (ii) all public improvements, fire lanes, and access drives connection Lot 1 and Lot 2 of the Property (the "Lot 1 and Lot 2 Improvements"), and an underground stoliiiwater catchment system(the"Stormwater Catchment System"); and PERFORMANCE AGREEMENT—Page 1 3606790 20 01/19/2022 Item 1. 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 teiui 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 teiuis and conditions contained in this Agreement; and WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of commercial properties within the City; and 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 a performance reimbursement incentive (the "Reimbursement Incentive") 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 Incentive, shall not exceed the cumulative sum of Five Hundred Thousand Dollars ($500,000.00). 2. Performance Obligations. The WEDC's obligation to pay Company the Reimbursement Incentive stipulated above is expressly contingent upon Company completing the following items (the "Performance Criteria")by the due dates set forth below: A. Company shall supply documentation to WEDC that Company has purchased and taken title to the Property on or before March 1, 2022; B. The Facilities shall be constructed(as evidenced by one or more Certificates of Occupancy) no later than March 31, 2023 (the "Performance Deadline"), provided, however, that Company shall have the right to extend the Performance Deadline one (1) time for a period of ninety (90) additional days by providing written notice thereof to WEDC prior to the Performance Deadline; C. Company shall supply documentation to the WEDC that the Qualified Infrastructure has been completed and accepted by the City and that the cost of constructing the Qualified Infrastructure was at least Five Hundred Thousand Dollars ($500,000.00)no later than the Performance Deadline; D. Company shall supply documentation to the WEDC prior to the Performance Deadline that the Development Fees have been paid, as evidenced by a paid `Permit Fee Receipt' from the City of Wylie, and such approval of said documentation will be at the sole and absolute discretion of the WEDC; PERFORMANCE AGREEMENT—Page 2 3606790 21 01/19/2022 Item 1. E. Company shall supply documentation to the WEDC that the Deceleration Lanes have been completed and accepted by the City no later than the Performance Deadline; F. Company shall supply documentation to the WEDC that the Lot 1 and Lot 2 Improvements have been completed and accepted by the City no later than the Performance Deadline; G. Company shall supply documentation to the WEDC that the Stoiuiwater Catchment System has been completed and accepted by the City no later than the Performance Deadline; and H. Company is current on all ad valorem taxes and other property taxes due on the Property and the Facilities through the Perfottttance Deadline and provide written notice and evidence thereof to WEDC in a form satisfactory to WEDC. 3. WEDC Payment of Reimbursement Incentive. Subject to the terms and conditions of this Agreement, the Reimbursement Incentive shall be paid by WEDC to the Company within thirty(30) days after the Performance Deadline. 4. Default. The WEDC's obligation to pay any portion of the Reimbursement Incentive to Company will tetririnate or be reduced if Company defaults by not completing the Perfotutance Criteria applicable to the Reimbursement Incentive as set forth in Section 2 of this Agreement. In the event Company fails to meet any of the Performance Criteria for the Reimbursement Incentive, the Reimbursement Incentive 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 Incentive to Company will expire upon the earlier of(i) the full payment of the Reimbursement Incentive, or(ii) July 1, 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 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. PERFORMANCE AGREEMENT—Page 3 3606790 22 01/19/2022 Item 1. 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 with copy to: Abernathy, Roeder, Boyd& Hullett, P.C. Attention: G. Randal Hullett 1700 Redbud Blvd., Suite 300 McKinney, Texas 75069 Telephone: (214) 544-4000 COMPANY: Fuel City Wylie, LLC Attention: Joseph Bickham 801 S. Riverfront Blvd. Dallas, Texas 75207 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. PERFORMANCE AGREEMENT—Page 4 3606790 23 01/19/2022 Item 1. j. The parties agree this Agreement has been drafted jointly by the parties and their legal representatives. By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated,that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. [SIGNATURE PAGE FOLLOWS] PERFORMANCE AGREEMENT—Page 5 3606790 24 01/19/2022 Item 1. WEDC Board approved this day of , 2022 (the"Effective Date"). WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas Corporation By: Jason Greiner, Executive Director COMPANY: Fuel City Wylie, LLC, a Texas limited liability company By: Name: Title: Exhibits: Exhibit"A" - Legal Description of the Property Exhibit"B" - The Site Plan Exhibit"C" - The Qualified Infrastructure PERFORMANCE AGREEMENT—Page 6 3606790 25 01/19/2022 Item 1. EXHIBIT "A" Legal Description of the Property West Tract(Lots 1 & 2) BEING a 7.79 acre tract of land out of the FRANCISCO DE LA PENA SURVEY, ABSTRACT NUMBER 688, situated in the City of Wylie, Collin County, Texas, being a portion of Lot 1, Block A, Woodlake Village, a subdivision of record in Cabinet G, Page 385 of the Map Records Collin County, Texas, and being more particularly described by metes and bounds as follows: BEGINNING, at a 1/2-inch iron rod with yellow cap stamped"HALFF"found at the North end of a cutback line at the intersection of the East right-of-way line of Eubanks Lane(a 65-foot right-of-way), and the North right-of-way line of State Highway No. 78 (right-of-way varies),being the Northwest corner of a called 5,724 square feet of land conveyed to the State of Texas by deed of record in Volume 5266, Page 5809 of the Deed Records of Collin County, Texas, also being in the West line of said Lot 1,Block A,Woodlake Village, for the most Westerly Southwest corner hereof; THENCE,NOO°30'15"E, along the East line of Eubanks Lane,being the common West Line of said Lot 1, Block A,Woodlake Village, a distance of 294.82 feet to a 1/2-inch iron rod with green plastic cap stamped"EAGLE SURVEYING"set at the intersection of the East right-of-way line of Eubanks Lane and the South right-of-way line of Centennial Drive (a 60-foot right-of-way), being the Northwest corner of said Lot 1, Block A,Woodlake Village and hereof; THENCE, departing the East right-of-way line of Eubanks Lane, along the South right-of-way line of Centennial Drive, being the common North line of said Lot 1, Block A, Woodlake Village, the following two (2) courses and distances: 1. N67°08'13"E, a distance of 774.73 feet to a 1/2-inch iron rod with green plastic cap stamped "EAGLE SURVEYING" set at the point of curvature of a tangent curve to the right; 2. Along said tangent curve to the right,having a radius of 1970.00 feet, a chord bearing of N67°23'09"E, a chord length of 17.13 feet, a delta angle of 00°29'54", an arc length of 17.13 feet to a 1/2-inch iron rod with green plastic cap stamped"EAGLE SURVEYING" set at the end of said curve, for the Northeast corner hereof; THENCE, S00°53'13"W,departing the South right-of-way line of Centennial Drive,over and across said Lot 1, Block A, Woodlake Village, a distance of 628.18 feet to a 1/2-inch iron rod with green plastic cap stamped"EAGLE SURVEYING"set in the North right-of-way line of State Highway No. 78,being the North line of said 5,724 square foot tract, for the Southeast corner hereof; THENCE, along the North right-of-way line of State Highway No. 78, being the North line of said 5,724 square foot tract,the following four(4) courses and distances: 1. N89°03'48"W, a distance of 587.92 feet to an aluminum Texas Department of Transportation monument found; PERFORMANCE AGREEMENT—Page 7 3606790 26 01/19/2022 Item 1. 2. N89°43'22"W, a distance of 67.45 feet to an aluminum Texas Department of Transportation monument found; 3. S89°07'47"W, a distance of 49.89 feet to an aluminum Texas Department of Transportation monument found; 4. N46°25'26"W, a distance of 23.98 feet to the POINT OF BEGINNING, and containing an area of 7.79 Acres, (339,256 Square Feet) of land,more or less. PERFORMANCE AGREEMENT—Page 8 3606790 27 W t c, m o PJ o M0 7 11,g,'',,,, m �, .r 1 m k rn ter35 ll N -N -: -i f�ti f r V� 1 sr ✓r LOT 5 n• l, rn wr�r � P v LOT t s ro Y� v LOT 3 LOT 4 LLGEND ' I` _ LOT S REPLAT WOODLAKE VILLAGE LOTS 1-5,BLOCK A F'""" YID .Ac"C4 LOT•BLOCK EI,PPAGE 36LANEVI LLAGE GAEINA G,PAGE PRSTRA iaR =�y..tuV__fya ix Fii�^.WL19c{-; - � FAANGCITY F LAP ENcolL N cYAFSTRACTN¢b88 4. CITY OF UNLIE GL_L-N LOUNiY,TEMpS 0 J CO N O N N CD W .0 0, m 0 o 0 4 i Z P. 'W -77 m Telecom line depths I�� i„3 a CH BEAR N6]23' t at drivewa and ;y /m vault in the proposed �j .. << 4 pavement. z ® % 1 OHE 500ft bQ �•�y6' / ew+" ws'°n ` �1 y ®A I LOTS s -.. m �.a Fa , � ,�" I �e°,a° ��,°�, and , I,,,-,,,,W+ .Y' .--, I ,nlq ur-9.rn.. T.]9ACRES arm ii I � � x� �_— ` 1 Water line depths at o, , o.� o,�u,u N,o„,o°�.�o ss I driveway n— e *i tit 1 tlw°�' fr. eisr,..z," ` cw o. �"'�B1�°"owve♦o°norzcr.0 u,oacnouro r.,,unes !� QQ wirig fD , 1 P�a LOTz�,.� � . <=. '-� ��1 �A;"aa�„an.,..,.a,�m MP.,,��.�n�'„u�., 3. I �° a r o,um TM6F ¢ 1ir �' 58 4 8F m 1�1 NV !A nne„[m [ ;� , '°° of v I r �LL Ip 14 OHE poles in II`" m I p iE ip P �� driveways i 1 L ,l F armor, I i �/. 1�:0 nl "� %..�� pm , w°. .� �..ro„m , _gym,0 . �l -' i m awe ° a 1.,1 1 Ielar1 � 1,1-I r ole o. aeo � .. �- TIE BEER .�.k,..n.�°, 3 �..�.m..2°. -` --^ — � UTILITY SERVICES PLAN UEL p - STATE MWAY TRAVEL WI AT EDAM) >.7B ' - WLE.wzu Tee and delve under - - - Vault and telecom in _: Poles are DE poles ��rc. pavement. Water line * JDJR nNZ IGONNA�NIT&NC and under pavement with anchors. ®n: depth at driveway. � 9 d �M q „ 0 0 N E. N N CD NI, Cff 01/19/2022 Item 1. EXHIBIT "C" The Qualified Infrastructure [SEE ATTACHED] PERFORMANCE AGREEMENT—Page 11 3606790 30 01/19/2022 Item 2. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 6, 2022 Item Number: 2 Prepared By: Jason Greiner Account Code: Date Prepared: 1/17/22 Exhibits: Subject Consider and act upon issues surrounding tree removal at Hwy 78/Brown. Recommendation Motion to award a contract to Eubanks Sand & Gravel in the amount of$49,800 and further authorize the Executive Director to execute any and all necessary documents. Discussion Following Board direction and discussion, WEDC Staff is bringing this Item back for consideration. Staff received multiple quotes for tree removal,but there are only two viable options at this point: • Tree removal between Brown&Marble on Hwy 78 - $49,800 o Erosion Control o Grub Trees &Root Balls o Grind all material o Haul off and Disposal o Smooth and Level Disturbed Landscape • Table this Item and wait for bid pricing and scope from NTMWD Since the tree removal was originally included in the scope of work for NTMWD,this item was not budgeted in FY 22. If approved, a Mid-Year Budget Amendment will be necessary to fund this project in the current fiscal year. Page 1 of 1 31 01/19/2022 Item 3. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 19, 2022 Item Number: 3 Prepared By: Jason Greiner Account Code: Date Prepared: 1/17/22 Exhibits: Subject Consider and act upon the award of bid for the flood study at Hooper/Steel to Cardinal Strategies Engineering Services, LLC. Recommendation Motion to award a contract to Cardinal Strategies in the amount of$38,300 and further authorizing the Executive Director to execute any and all necessary documents. Discussion As discussed at the 1-6-22 WEDC Meeting, the Wylie Economic Development Corporation is investigating potential infrastructure improvements to help attract light industrial development to the area. The intersection of Steel and Hooper shows several undeveloped lots along the western side and there is a stream that runs from north to south through the middle of this undeveloped area. The stream is unmapped by FEMA within this specific area but shows to be Zone A downstream of Hooper Road. There should be no FEMA coordination needed. In order to meet the City of Wylie Engineering Standards, this stream needs to be studied to identify the existing and fully developed flow rates and to establish the local floodplain limits. It is anticipated that reclamation is desired to understand what these properties may be able to achieve in order to develop.In addition,the culvert crossings under both Steel and Hooper are thought to be undersized and may need to be improved to help with potential floodplain reclamation. This scope will investigate potential upsizing of these crossings. There have been a couple of prior hydrologic and hydraulic studies performed in this area associated with individual developments. Both were prepared by the same engineer but show very different results in flow rates due to differences in time of concentration. This flow rate change drastically changes the limits of the floodplain. Phase I Flood Study 1. Collect previous studies and review in detail for comprehension 2. Collect Topographic Field Survey data for Steel and Hooper Road crossings. 3. Collect engineering plans for Steel Road and Hooper Road from the City of Wylie 4. Using the latest TNRIS LiDAR data, delineate the overall watershed to Woodbridge Parkway. 5. Determine the existing and fully developed hydrological parameters for the watershed using the SCS Unit Hydrograph method. This will be completed for pre-project and post-project conditions. Page 1 of 1 32 01/19/2022 Item 3. 6. Construct an HMS model to determine the flow rates. 7. Determine if detention is warranted based on the differences in flow rates (if any). 8. Using the latest TNRIS LiDAR data, construct a hydraulic model(HEC-RAS)for the stream from Woodbridge Parkway to FM 544. Include Steel and Hooper crossings based on previous modeling, development plans, and site visits with field measurements. 9. Plot the existing and fully-developed floodplain based on the existing contours. 10. Investigate reclamation utilizing the existing stream crossings. Reclamation should be based on equal conveyance. 11. Plot the reclaimed floodplain potential. 12. Investigate improvements to Steel Road culverts and adjust reclamation potential. 13. Plot the reclaimed floodplain potential with the improved Steel Road crossing. 14. Investigate improvement to Hooper Road culverts and adjust reclamation potential. 15. Plot the reclaimed floodplain potential with the improved Steel Road and Hooper Road crossings. 16. Prepare a technical report to summarize the findings. Phase 1 —Flood Study S38,300 Cost Estimate does not include the following: 1. Environmental permitting 2. Coordination with any entities other than City of Wylie 3. Updates to the flood study or any additional coordination with Wylie due to changes to the site or grading plan 4. Development of a FEMA LOMR submittal 5. Engineering Design Plans Upon approval, WEDC Staff will sign and return the documentation and expedite this process. 33 01/19/2022 Item 4. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 19, 2022 Item Number: 4 Prepared By: Jason Greiner Account Code: Date Prepared: 1/17/22 Exhibits: 1 Subject Consider and act upon issues surrounding the 2021 WEDC Annual Report. Recommendation Staff recommends that the WEDC Board of Directors approve the 2021 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 st 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. WEDC Staff will lead the discussion and make any necessary amendments to ensure that the attached report is presented to the Wylie City Council on January 25, 2022. Page 1 of 1 34 01/19/2022 Item 4. Wylie Economic Development Corporation FY 2021 Annual Report January 25, 2022 35 01/19/2022 Item 4. 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 2020-2021 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 an anticipated fund balance of$1,407,509, and the audited fund balance was later adjusted up to $1,735,327. In FY 2021, sales tax receipts were up 17.84% over FY 2020 receipts with sales tax revenue totaling $3,875,471 of available WEDC revenue. Other revenues included rental income of$135,505, a reduction of$31,208 from the gain/loss sale of asset, and allocated interest of $1,136. Total FY 2021 available operating funds totaled $3,980,904. Expenditures for WEDC operations were as follows: Personnel- $338,873, Administrative costs - $126,904, Marketing & Promotion activities - $98,549, Debt Service - $571,601, Land Acquisition- $407,332, Direct Business Incentives - $808,259,Payment to Taxing Units -$5,245, and$116,744 in Other expenses which included: engineering, surveys, environmental remediation on WEDC-owned properties and demolition of a commercial structure located at 201 Industrial Court. Included in the above Debt Service, the Woodbridge Parkway Loan was fully repaid in March 2021.Additionally,the WEDC began the process of evaluating various options to refinance current debt and borrow additional funds for the acquisition of key properties. After reviewing proposals, the WEDC Board chose to engage the services of Government Capital Corporation for credit review, securing the compliance package,and beginning the generation of loan documents.WEDC Resolution 2021-02(R)was approved by the WEDC Board on September 15,2021. This resolution was ratified by City Council on September 28, 2021. The Loan Terms are: 240 months at 3.48% interest rate with a 5-year call restriction and a funding date just after the end of FY 21 on October 5, 2021. With no additional principal reductions, the total expenditures for FY 2021 were $2,672,859. 2 36 01/19/2022 Item 4. As shown above, in FY 2021 the WEDC had $808,259 in direct incentive payments. Within that figure, $125,066 was paid as part of ongoing sales tax reimbursement programs, $163,244 for industrial projects, and$519,949 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, $475,760 represented either a one-time commitment or the final payment on a multi-year agreement. The WEDC owns and manages 44.0466 acres of land with 66,330 square feet of improvements at a cost basis of $15,673,220. 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 protect the property from development which may not reflect the highest and best uses for an identified area. Since the WEDC did not sell any land in FY 2021, there were no principal reduction payments this previous year. By year end 2021, the outstanding debt associated with land acquisition was $4,882,835 and the FY 2022 Budget identified$1,009,263 in debt service. However, that number was updated with a Budget Amendment. The amendment was needed to realize the loan proceeds from WEDC Resolution 2021-02(R)and the Series 2021 Note that was funded on October 5,2021. Revenues and expenses were adjusted via the Budget Amendment to reflect the receipt of additional revenue within Bank Note Proceeds and subsequent expenses within Principal/Interest, Land, and Special Services. This Budget Amendment was approved by the WEDC Board on 11- 17-21 and ratified by City Council on 12-14-21. The updated debt service in the amount of$5,729,701 reflects the refinanced Series 2021 Note with no additional principal reduction scheduled this year. The WEDC Board may at its option prepay the principal amount of the Series 2021 Note in whole, or in part, on any payment date on or after November 5, 2026. The FY 2022 WEDC Budget projects $14,637,322 in total revenues, reflecting the $8,108,000 in bank note proceeds from the Series 2021 Note and an unreserved beginning fund balance of $1,050,844. Sales tax receipts,being the primary revenue source, are budgeted at$3,789,966, sale of WEDC property at $2,601,116, and rental income of$132,240. Total Expenses are budgeted at $14,099,050, with Land Purchases at $3,718,393, Infrastructure Projects at $2,425,000, Debt Service at $5,729,701, Personnel $407,264, and Incentives $1,043,973. Within the Incentives budget, there are 11 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 FY 2022 will be funded from unallocated revenues equaling $3,636,938.53. A large portion of this remaining unallocated revenue will be allocated to the NTMWD Water Line Relocation. 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 2021, commercial and 3 37 01/19/2022 Item 4. industrial properties were valued at $865MM, or 16.35% of the total $5.289B assessed valuation. Over the past five years, commercial and industrial values have increased by $201MM (30.45%). Over the same period,total valuation has increased by$2.2B, or a 53.6%increase. With an active housing market combined with higher valued new homes, it will continue to be a challenge for commercial value to reach more than 20% of the total, with the highest ratio over the past 5 years being 16.6%in 2017. High-Impact Initiatives Woodbridge Parkway Corridor In 2014, the WEDC partnered with the City of Wylie, the City of Sachse, and Collin County to extend Woodbridge Parkway from Hensley Lane and provide direct access to State Highway 78. The WEDC borrowed$976,000 to fund Woodbridge Parkway and the final principal payment was made in FY 2021. The WEDC continues to fund a Sales Tax Reimbursement Agreement with Clark Street Development (owner/developer of Woodbridge Centre). In FY 2021, $125,066 was reimbursed to Clark Street with a total of $816,074 paid since July 2013. Including the infrastructure reimbursement of$100,000, the total incentive paid as of the end of FY 2021 is $916,074. The remaining performance obligation is $183,926 and it will be paid in full during FY 2023. To date, the center is generating $25MM in taxable sales on an annual basis. 544 Gateway Project In 2016, the WEDC and City began the process of assembling approximately 12 acres for redevelopment. Fronting FM 544 just west of Highway 78,the City acquired a 5-acre tract through a tax foreclosure that previously had EPA Superfund status. The remaining 8 acres were acquired by the WEDC from 2 property owners with frontage on FM 544 and Commerce Street. To date, the following tasks have been completed: receipt of a Ready for Reuse Certificate from EPA,removal of±2 acres from the 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 completion of significant fill and site work. In early FY 2022, WEDC paid off the remaining$624,807 balance associated with the acquisition of the WEDC-owned properties with the loan proceeds from the Series 2021 Note and purchased the 4.79-acre tract, formerly owned by the City Wylie for $3,000,000. Since the project's inception, the WEDC has acquired 12.25 acres of land at $5.7MM and paid for the remediation, demolition, dirt work, and maintenance of the property. Additionally, the WEDC has budgeted $250,000 to extend water from the east along FM 544 which not only enhances service to the 12- 4 38 01/19/2022 Item 4. acre tract but loops the water system to the east along Cooper Drive to Highway 78. The water extension should be complete in mid-2022. 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 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 2022 Budget earmarks an additional $125,000 for this use with the WEDC currently negotiating with a local property owner to convert six separate lots to commercial uses. To complement the ever-growing need for parking, the WEDC has made it a priority to identify and facilitate the construction of additional parking in the downtown area within walking distance of the proposed mixed-use project and Ballard Street shopping district. The FY 2022 Budget earmarks $250,000 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 start acquiring property in the area for this major Redevelopment Project. In early 2021, the WEDC acquired the last remaining commercial tract from TxDOT, a small strip of right-of-way, close to the intersection of Hwy 78 & Brown St. In the fall of 2021, the WEDC used the loan proceeds from the Series 2021 Note to pay off the $4,067,890 remaining balance associated with the acquisition of these WEDC properties. In May 2020, the WEDC entered into a Development Agreement with the NTMWD for the relocation of the 42" water line. The project is in the final design phase and will go out to bid in early-2022. Once the bid has been accepted, the construction will start in mid-2022. The WEDC anticipates the funding of this project in early-2022 with the completion scheduled for this fall. 5 39 01/19/2022 Item 4. In August 2020, the WEDC entered into an agreement with McClure Partners Construction Company for the 1.74-acre 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 act as a catalyst project for the overall 11-acre redevelopment adjacent to Historic Downtown Wylie. 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 $100MM in taxable value - on only 70 acres. Kansas City Southern's $64MM David L. Starling Wylie Intermodal Terminal opened in 2015 and expanded in 2018.In early 2021,Kansas City Southern announced a joint-venture with NorthPoint Development to plan and develop the 220-acre Wylie Logistics Park. The KCS-owned Inteliiiodal Terminal services 12 gulf ports and one Pacific Ocean port, as well as more than 140 transload centers and 11 intermodal ramps. This terminal serves as the hub of connectivity for rail as far north as Canada and as far south as Central America. With more than 6,000 track miles, KCS is one interchange away from all major markets in North America. In late 2021, Canadian Pacific Railway announced the completion of its acquisition of Kansas City Southern. The transaction was valued at approximately $31 billion. Upon obtaining control approval from the U.S. Surface Transportation Board(STB),the two companies expect to achieve full integration over the ensuing three years, unlocking the benefits of the combination. If approved, the merger will create the first truly North American Railroad. The US-Mexico-Canada rail network will connect Wylie to 128 million consumers in Mexico as well as 38 million consumers in Canada. Performance Agreements & Infrastructure Reimbursement Wylie Insurance completed a speculative office development in late-2020. 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. The development added three new office suites for new or expanding businesses. The Economic Impact Analysis (EIA) indicates that the project will generate approximately $130,000 in tax revenue over a ten-year period. For every $1 that the WEDC invests, this developer is investing $4.72 in our community. Texas Health Family Care and Envision both opened in early-2021. Savannah Woodbridge Development requested assistance from the WEDC specifically related to fee waivers, infrastructure assistance, and the construction of a new 9,000 SF medical office building at Woodbridge Centre. The Economic Impact Analysis (EIA)indicates that the project will generate approximately $648,000 in tax revenue over a ten-year period. For every $1 that the WEDC invests, this developer is investing $7.20 in our community. 6 40 01/19/2022 Item 4. ATI Physical Therapy, Crumbl Cookies, Jamba Juice/Auntie Anne's, Roosters Men's Grooming, and The UPS Store all opened in early 2021. CBC Property Holdings originally 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. The Economic Impact Analysis (EIA) indicates that the project will generate approximately S1,009,298 in tax revenue over a ten-year period. For every$1 that the WEDC invests, this developer is investing $20.18 in our community. Orthopaedic Specialists of Dallas opened in mid-2021. North Dallas Wylie Land Investors originally requested assistance from the WEDC specifically related to fee waivers, infrastructure assistance, and the construction of a new 8,000 SF medical office building located at Woodbridge Centre. The Economic Impact Analysis (EIA) indicates that the project will generate approximately $320,202 in tax revenue over a ten-year period. For every $1 that the WEDC invests, this developer is investing $2.67 in our community. LUV-ROS Holdings completed the $1.4MM expansion and addition of 10,000 SF to the existing manufacturing facility. The project included a new fire suppression system, four new full-time employees, and a $400,000 investment in a new manufacturing line. LUV-ROS Holdings requested assistance from the WEDC specifically related to infrastructure reimbursement and the expansion of their existing facility. The Economic Impact Analysis(EIA)indicates that the project will generate approximately $218,301 in tax revenue over a ten-year period. For every$1 that the WEDC invests, this developer is investing $3.12 in our community. New Projects for FY 2021 GDA Investments, LLC. — Series 53. The Agreement outlines a $30,500 infrastructure reimbursement, payable over a two-year period related to the construction of a new single-story office building containing approximately 10,800 square feet of space. The Economic Impact Analysis(EIA)indicates that the project will generate approximately$195,000 in tax revenue over a ten-year period. For every $1 that the WEDC invests, this developer is investing $6.40 in our community. American Entitlements, LLC. This project will add nearly 40 full-time employees and invest over $100,000 in the downtown district. The Agreement is tied to job creation over the base employment of seven employees and will outline an incentive of$1,000 per new FTE position, with a maximum incentive of$33,000, payable over a three-year period. The Economic Impact Analysis (EIA) indicates that the project will generate approximately $258,274 in overall tax revenue over a ten-year period. For every $1 that the WEDC invests, this business is investing $7.82 in our community. Bailers Elite- The Lab, LLC. Ballers Elite requested assistance with the reimbursement of development fees related to the construction of a new 6,776 square foot building at 1400 Martinez Lane. Ballers Elite plans to invest over $700,000 on the project over a 6-month period and the Agreement outlines a maximum qualified infrastructure reimbursement of$20,000. The Economic Impact Analysis (EIA) indicates that the project will generate approximately $109,429 in overall 7 41 01/19/2022 Item 4. tax revenue for the City of Wylie over a ten-year period. For every$1 that the WEDC invests, this business is investing $5.47 in our community. DW Wylie, LLC. DW Wylie, LLC requested assistance with the reimbursement of development fees and the remodel of an existing 5,218 SF commercial building containing approximately 3,900 square feet of medical office space and 2,456 SF of restaurant space. The Agreement outlines maximum qualified infrastructure reimbursement of$15,000, specifically for the construction of a $13,000 gas line needed for the facility. The Economic Impact Analysis (EIA) indicates that the project will generate an estimated$853,429 in overall tax revenue for the City of Wylie over a ten- year period. For every $1 that the WEDC invests, this business is investing $56.89 in our community. Business Retention and Expansion The WEDC continued to focus its efforts on enhancing business growth and providing wide- ranging support for existing businesses in 2021. Special programs centered around nationally recognized initiatives such as Small Business Week and Manufacturing Day. Educational and professional networking programs launched this year included the HR Alliance program, educational conferences, networking events, and the creation of a holiday gift guide to encourage and support 'shop local' objectives. As our nation began to emerge from the pandemic in the first few months of 2021, businesses struggled to navigate and understand regulations surrounding COVID-specific state and federal relief programs. In cooperation with the Wylie Chamber of Commerce, SBA, and Workforce Solutions for North Central Texas,the WEDC developed multiple educational seminars to provide needed resources, infoiination, and professional advice. These seminars explained the variety of programs available as well as issues surrounding compliance requirements and reporting obligations. In the spring of 2021, the WEDC launched a new initiative for Wylie, Small Business Week. The #IshopWylie initiative included a full week of targeted activities designed to highlight and support small and entrepreneurial businesses in the Wylie area. Taste of Wylie, canceled in 2020 due to COVID concerns,was relocated to Olde City Park and incorporated into the#SmallBusinessWeek schedule. Throughout the week, a plethora of networking, educational and targeted shopping experiences were implemented to highlight and support Wylie's small and non-profit businesses. In its 4th year of rollout, the Manufacturing Day program launched with state and local Proclamations providing recognition by the City Council, emphasizing the important role that manufacturing plays in our local economy. 2021 saw the return of in-person student tours of local manufacturers, albeit with smaller groups observing COVID protocols. Students saw first-hand the real-world implementation of in-demand skills, and employers were reminded of the recruitment opportunities available to them through the Wylie ISD's Career and Technical Education (CTE) program. High-demand jobs in welding, robotics, architecture, HVAC, 8 42 01/19/2022 Item 4. construction sciences, engineering, graphic design, animation, pharmaceutical, marketing, and general business administration provide lucrative career paths for students, support the hiring needs of our local businesses and have, therefore, become a primary focus of the CTE program. The 2021 Manufacturing Day program featured the addition of 3 new manufacturing sectors - phaiiliaceutical, graphic design, and audio-visual animation. In total, this year's program included in-person tours for nearly 200 Wylie ISD students spanning 15 manufacturers representing nearly a dozen manufacturing disciplines. In addition, virtual facility tours were produced to augment classroom lessons and to generate additional interest among future Manufacturing Day tour participants. Concluding the month-long series of activities, the Wylie Chamber of Commerce held the 3rd Annual Workforce Luncheon featuring Collin College skills training programs. Greg Lutz, President of Lutz Woodworks,was honored at the luncheon as the 2021 Legacy Manufacturer for his active involvement with educating students, developing and participating in internship programs,and supporting the Chamber of Commerce as a pioneer in Wylie's manufacturing sector. During the holiday season, the Wylie EDC launched the first Discover Wylie Gift Guide. This guide featured online listings for any local business interested in participating. The guide was designed to encourage a 'shop local' approach to holiday shopping and provide a quick and easy tool for citizens to support local businesses. In its debut year, the guide achieved 900 downloads and 479 page views. 9 43 01/19/2022 Item 4. 2022 Goals & Objectives Downtown Revitalization and Expansion • Brown & 78 Redevelopment- Infrastructure/Engineering • NTMWD -Water Line Relocation • TxDOT - Median Improvements/Decel Lanes • UP - Plan/Install Additional Parking 544 Gateway Property • Utility Build-Out • Market/Sale of City and WEDC Pad Sites Industrial Development on Alanis • Flood Study • Complete 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 o HR Roundtable/CEO Roundtable/ Community Roundtable • Grow MFG Day/Month o Increased Participation o Expanded Hours for General Public o Workforce Luncheon o VIP Dinner/Networking Event • Expand/Promote Entrepreneurship and Small Business Assistance Programs o Expand Training Opportunities/Lunch N' Learns o Grow Small Business Week o Establish an Entrepreneur Event o Build awareness about EconDev Week 10 44 01/19/2022 Item DS1. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 19, 2022 Item Number: DS1 Prepared By: Jason Greiner Account Code: Date Prepared: 1/17/22 Exhibits: Subject Discussion regarding WEDC Bylaws and Board Member Handbook. Recommendation No action is requested by staff for this item. Discussion As the Board will recall,the Board discussed issues related to the WEDC Bylaws and considered the addition of a Board Member Handbook at the 11-29-21 WEDC Work Session. At that time, the Board directed Staff to provide examples of bylaws and handbook material from other Type A Corporations for their individual review and requested that this Item be brought back to the Board for Discussion from January-March,with any potential amendments to City Council in April. WEDC Staff will lead the discussion,take notes, make amendments, and bring back the changes at the next meeting. Page 1 of 1 45 01/19/2022 Item DS2. Wylie Economic Development Board AGENDA REPORT Meeting Date: January 19, 2022 Item Number: DS2 Prepared By: Jason Greiner Account Code: Date Prepared: 1/17/22 Exhibits: Subject Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Recommendation No action is requested by staff for this item. Discussion Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Page 1 of 1 46 01/19/2022 Item DS2. 2021 December Day Time Meeting/Event 4 9am-4pm Wylie Arts Festival-Olde City Park(9am-4pm) 5-7 ICSC RECon—Vegas—mp, dd,mw,bp,jg 5 6:00 pm Christmas Parade and Tree Lighting 7 8:30 am WDMA Meeting—aw 14 6:00 pm City Council 23-24 CLOSE° Christ as i.BoViday 31 CLOSES New Year's Eve 2022 January Board Meeting-6th&19th Day Time Meeting/Event 4 8:30 am WDMA Meeting-aw 7 8:30 am WEDC- Board Meeting(December) 11 6:00 pm City Council 13 6:00 pm CPAC Meeting: Future Land Use,Transportation 19 8:30 am WEDC—Board Meeting 19 11:30 am Chamber Lunch 'n Learn—Social Media 101 20 Workforce Solutions Career Fair—Virtual 25 6:00 pm City Council—Annual Report, Work Session & Executive Session 26 10:30 am TEDC Webinar:Attracting Big Talent to Small Cities by Promoting Quality of Life-jg 27 6:00 pm Historic Review Commission Meeting 28 11:00 am TDA Webinar: Supporting Local Small Businesses-jg 30-Feb 1 IEDC Leadership Summit 2022 February Board Meeting—16th Day Time Meeting/Event 1 8:30 am WDMA Meeting- aw 1-3 ICSC Red River- Dallas 8 6:00 pm City Council 10 6:00 pm CPAC Meeting: Community Open House#2 15 10:00 am TDA Webinar- DT Coworking, Entrepreneurship, Local Partnerships, and WD-jg 16 8:30 am WEDC—Board Meeting 16-18 TEDC Winter Conference—Sugar Land 16 11:30 am Chamber Lunch 'n Learn—Battleground IRS: Surviving Tax Season 20-23 RILA Conference-Retail Supply Chain& Logistics—Dallas 22-25 TEDC Winter Basic Economic Development Course—Round Rock-tg 22 6:00 pm City Council 26 WISD Education Foundation-Boots& BBQ 26 Collin College—Stetson and Stiletto—McKinney Around the Corner... • TEDC-Sales Tax Workshop,Tyler-April 8 • TEDC-Sales Tax Workshop,Waco-May 13 • TEDC-Texas Women in Economic Development Conference-May 17-18 • ICSC 2022 Las Vegas- May 22-24 • TEDC-Sales Tax Workshop,Abilene-June 10 • IEDC Economic Future Forum -June 12-14 • TEDC 2022 Summer Basic Economic Development Course-June 21-24(Corpus Christi) • TEDC Mid-Year Conference-June 22-24 47 Wylie Economic Development Corporation 01/19/2022 Item DS2. Inventory Subledger(Land) December 31,2021 Property Purchase Address Acreage Improvements Cost Basis Sub-totals Date Cooper St. McMasters 7/12/05 709 Cooper 0.4750 $ - n/a $ 202,045.00 Heath 12/28/05 706 Cooper 0.4640 $ 32,005.00 3,625 $ 186,934.22 Perry 9/13/06 707 Cooper 0.4910 $ - n/a $ 200,224.00 Bowland/Anderson 10/9/07 Cooper Dr. 0.3720 $ - n/a $ 106,418.50 Duel Products 9/7/12 704 Cooper Dr. 0.5000 $ - n/a $ 127,452.03 Randack 10/23/12 711-713 Cooper Dr. 1.0890 $ 217,500.00 8,880 $ 400,334.00 Lot 2R3 7/24/14 Cooper Dr. 0.9500 $ - n/a $ 29,056.00 $ 1,252,463.75 Industrial Ct. Jarrard 12/22/16 201 Industrial Ct 0.2900 $ 32,893.00 n/a $ 300,493.00 $ 300,493.00 Regency Dr. Regency Pk. 6/4/10 25 Steel Road 0.6502 $ n/a $ 25,170.77 $ 25,170.77 Commerce Dr. Hobart Investments 11/12/13 Commerce 1.6000 $ - n/a $ 156,819.50 Hobart 1/6/14 605 Commerce 1.0650 $ 396,263.00 20,000 $ 386,380.00 Dallas Whirlpools 11/22/16 900-908 Kirby 4.7900 $ 128,925.00 9,000 $ 2,182,080.30 City of Wylie 10/22/21 900-908 Kirby 4.7900 $ - n/a $ 3,000,000.00 $ 5,725,279.80 Downtown Heath 3/17/14 104 N.Jackson 0.1720 $ - n/a $ 220,034.00 Udoh 2/12/14 109 Marble 0.1700 $ - n/a $ 70,330.00 Peddicord 12/12/14 100 W.Oak St 0.3481 $ 155,984.00 4,444 $ 486,032.00 City Lot 12/12/14 108/110 Jackson 0.3479 $ - n/a Jones(K&M) 9/3/15 106 N.Birmingham 0.2100 $ 42,314.00 4,125 $ 190,596.10 FBC Lot 6/15/16 111 N.Ballard St 0.2000 $ - n/a $ 150,964.00 FFA Village 1/7/18 102.N.Birmingham 0.1700 $ - n/a $ 99,804.00 Boyd 7/28/21 103 S.Ballard 0.0760 $ 49,231.00 Demo $ 328,792.20 Keefer 10/27/21 401 N Keefer Dr 0.4890 $ 83,084.00 Demo $ 237,951.39 $ 1,784,503.69 Alanis Dr. White Property 12/12/14 Alanis 6.6328 $ - n/a $ 420,336.00 $ 420,336.00 South Ballard Birmingham Trust 6/3/15 505-607 S.Ballard 1.1190 $ - n/a $ 409,390.00 Murphy 3/7/19 701 S.Ballard 0.2000 $ 115,724.00 1,312 $ 172,487.04 Braley 7/22/19 503 S.Ballard 0.2558 $ - n/a $ 177,397.96 $ 759,275.00 Squire Dr. Gallagher 3/14/18 Squire-lot 2-4 2.6720 $ 100,404.00 6,000 $ 573,844.35 $ 573,844.35 Brown&78 Turner 12/5/18 504 E.Brown 1.0220 $ - n/a $ 308,179.81 Wallace 12/18/18 502 E.Brown 0.1870 $ 24,637.00 Demo $ 204,775.00 Karan 12/28/18 300 E.Brown 2.3866 $ - n/a $ 1,250,391.20 O'Donald 1/7/19 410 E.Brown 0.1870 $ 64,421.00 Demo $ 177,043.75 Weatherford 2/12/19 303 Marble 2.1740 $ - n/a $ 757,488.00 Brothers JV 2/26/19 306&308 N.2nd Street 0.3770 $ - n/a $ 145,923.04 Pulliam 2/27/19 300 N.2nd Street 0.2570 $ 122,764.00 1,364 $ 218,472.20 Swayze 4/18/19 208 N.2nd Street 0.2580 $ - n/a $ 187,501.40 Swayze 5/9/19 204 N.2nd Street 0.2580 $ - n/a $ 187,658.20 Kreymer 10/9/19 302 N.2nd Street 0.1290 $ 72,609.00 1,386 $ 187,941.76 KCS 11/22/19 Hwy 78 Frontage 2.5363 $ - n/a $ 674,110.20 City of Wylie 5/14/20 ROW Purchase/Alleys 1.8800 $ - n/a $ 81,713.00 Collin County 5/7/20 SWC Hwy 78&Marble 0.3590 $ - n/a $ 75,964.20 Collin County 5/7/20 414 S.2nd Street(NWC Hwy 78 E 1.2260 $ - n/a $ 296,152.20 TxDOT 2/21/21 SWC Hwy 78&Brown 0.2209 $ - n/a $ 78,540.00 $ 4,831,853.96 Total 44.0466 $ 1,638,758.00 60,136 $ 15,673,220.32 $ 15,673,220.32 48 01/19/2022 Item DS2. DISCOVHR Q4 „„,„ .. , „..,. ' .., „.. ,\,\„. iiir : ', DiscoV - \ discoverwylie ® h C .a,a ..� v „ , \ it dam 0' ®DISCOVLRWWYLIE 10/16/2021 - 12/31/2021 49 01/19/2022 Item DS2. OVHRVIHW & S T RAT GI S aDiscoverWylie Report Time Period: 10/19/2021 - 12/31/2022 (61„ t4 > Develop a social media presence on Instagram. > Grow account. > Increase engagement. > Start using stories. > Test different content to see what resonates with followers. STRATEGIES APPLIED THIS QUARTER • Followed local small businesses. • Posted original content in feed. • Started posting stories. • Shared local business and event content in stories. • Engaged with followers through polls, questions, and quizzes in stories. STRATEGIES TO APPLY NEXT QUARTER • Continue posting stories with opportunities for followers to engage. • Add local history and interesting Wylie facts to the feed and stories. • Add local nonprofits and small business features to feed and stories. • Encourage followers to tag aDiscoverWylie and use#DiscoverWylie hashstag so we can share their content. • Start sharing a post with local events every week (need access to a calendar of events for this) 50 01/19/2022 Item DS2. INSTAGRAM RHPORT ®a DiseoverWylie Report Time Period: 10/19/2021 - 12/31/2022 338 ENGAGEMENT 263 +3657% TOTAL FOLLOWERS REACH 1746 +1095% h A CONTENT 1075 +5019% INTERACTIONS NEW FOLLOWERS NON—FOLLOWER REACH 1483 +2548% PREVIOUS PERIOD AUDIENCE FEMALE / MALE II IP ' p ' it Altil lo Pp 1 AUDIENCE LOCATION WYLIE 52% SACHSE 8% DALLAS 5% GARLAND 4% TOP POSTS BY LIKES 3b 27 27 k s w4 r m. � 7 yy 51