05-20-2022 (WEDC) Minutes inutes
Wylie Economic Development Corporation
Board of Directors Meeting
May 20, 2022—7:00 A.M.
WEDC Offices—Conference Room
250 S Hwy 78 —Wylie, TX 75098
CALL TOO'. I ER
Announce the presence of a Quorum
President Demond Dawkins called the meeting to order at 7:05 a.m. Board Members present were Melisa
Whitehead,Tim Gilchrist,and Blake Brininstool. Board Member Gino Mulliqi arrived at 7:06 a.m.
Ex-Officio Members Mayor Matthew Porter and City Manager Brent Parker were present.
WEDC staff present included Executive Director Jason Greiner, Senior Assistant Rachael Hermes, and
Administrative Assistant Marissa Butts.
INVOCATION& PLEDGE OF ALLEGIANCE
President Dawkins gave the invocation and led the Pledge of Allegiance.
CO I ENTS ON NON-AGENDA ITEMS
With no citizen participation,President Dawkins moved to Consent Agenda.
CONSENT AGE I A
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 April 22, 2022 Regular Meeting of the
WEDC Board of Directors.
B. Consider and act upon approval of the April 2022 WEDC Treasurer's Report.
Board Action
A motion was made by Melisa Whitehead, seconded by Blake Brininstool, to approve the Consent
Agenda as presented.A vote was taken,and the motion passed 5-0.
DISCUSSION ITEMS
DS1. Discussion regarding ICSC events.
Staff Comments
ICSC Las Vegas takes place May 22-24. Staff is in the process of finalizing meeting confirmations and
will provide calendar invites to the attendees shortly before the event. The Board discussed a general
overview of the ICSC event schedule.
DS2. Discussion regarding Tax Increment Reinvestment Zones.
Staff Comments
Staff discussed the Tax Increment Reinvestment Zone (TIRZ) presentation that was taken to City
Council on May 10, 2022. The presentation provided an overview of the concept, creation, and
implementation of a TIRZ.City Council will be considering the implementation of a TIRZ over the next
60-90 days and additional information will be provided to the Board when available.
WEDC—Minutes
May 20, 2022
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DS3. Discussion regarding Board & Commission Code of Conduct.
Staff Comments
Staff discussed the Code of Conduct as required for all City Officials, including members of
Administrative Boards and Advisory Boards appointed by the Mayor or City Council. Staff reminded
the Board that the acknowledgment of receipt and understanding will need to be completed as soon as
possible.
DS4. Discuss issues surrounding the FY 2022-2023 WEDC Budget.
Staff Comments
Staff discussed the FY 2022-2023 WEDC Budget and will be providing a preliminary budget over the
coming weeks.As requested at the April 22,2022 Board Meeting, Staff has reviewed the WEDC's
deferred outflows and calculated the operational expenses for the next six months. Staff
recommends reviewing deferred outflows on a quarterly basis, as this information will fluctuate
throughout the FY. The Board discussed the allocation of one quarter of operational expenses into
a cash reserve.
DS5. Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming
Events,and WEDC Activities/Programs.
Staff Comments
Staff referred the Board to the Agenda Report provided in the packet for all updates related to WEDC-
owned properties, downtown parking, engineering reports, upcoming events, and WEDC
activities/programs.
EXECUTIVE SESSION
Recessed into Closed Session at 7:29 a.m.in compliance with Section 551.001,et.seq.Texas Government Code,
to wit:
Sec. 551.072. DELIBE' • TION REGA' r INC ' AL PROPERTY; CLOSED MEETING.
ESl. Consider the sale or acquisition of properties located at Ballar. :rown,Brown/Eubanks,FM
544/Cooper,FM 544/Sanden,State Hwy 78/Alanis,State Hwy 78Ballard, State Hwy
78/Birmingham,and State Hwy 78Brown.
Sec.551.087. DELIBERATION REGA' r ING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
ES2. 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,2021-2d,
2021-4a,2021-4b,2021-5a,2021-6a,2021-6c,2021-7a,2021-8a,2021-9e,2021-9f,2021-11a,2021-
12a, 2021-12b,2022-la,2022-2a,2022-2b,2022-4a,and 2022-4b.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Dawkins reconvened into Open Session at 7:57 a.m.
WEDC—Minutes
May 20, 2022
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FUTURE AGE I A ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
With no further business,President Dawkins adjourned the WEDC Board meeting at 7:57 am,
Dentond Dawkins,President
ATTET:
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Jason Greiner,Executive Director