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10-19-2022 (WEDC) Agenda Packet
P a g e | 1 Wylie Economic Development Corporation Board Regular Meeting October 19, 2022 – 7:30 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 indiv idual, 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 wi ll 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 Ag enda and will be considered separately. A. Consider and act upon approval of Minutes from the September 21, 2022 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the September 2022 WEDC Treasurer's Report. DISCUSSION ITEMS DS1. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. DS2. Update from the Subcommittee of the Board to review and recommend any modifications to the existing bylaws of the Corporation. EXECUTIVE SESSION 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 1378/Parker, FM 544/Cooper, FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, and State Hwy 78/Brown. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. 1 P a g e | 2 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). 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: 2013-9a, 2017-6a, 2021-2d, 2021-5a, 2021-6a, 2021-6c, 2021-8a, 2021-9a, 2021-9b, 2021-9f, 2021-11a, 2021-12a, 2022-1b, 2022-4d, 2022-7b, 2022-7c, and 2022-9f. 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 October 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. 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 r equired, 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. 2 Minutes Wylie Economic Development Corporation Board of Directors Meeting September 21, 2022 – 7:30 A.M. WEDC Offices – Conference Room 250 S Hwy 78 – Wylie, TX 75098 CALL TO ORDER Announce the presence of a Quorum President Demond Dawkins called the meeting to order at 7:36 a.m. Board Members present were Melisa Whitehead, Gino Mulliqi, and Tim Gilchrist. Ex-Officio Members Mayor Matthew Porter and City Manager Brent Parker were present. WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, Senior Assistant Rachael Hermes, and Administrative Assistant Marissa Butts. INVOCATION & PLEDGE OF ALLEGIANCE President Dawkins gave the invocation and led the Pledge of Allegiance. COMMENTS ON NON-AGENDA ITEMS City Manager Brent Parker provided comments to the WEDC Board regarding the previous regular meeting and encouraged the Board to consider their actions as representatives of the Board. He stressed the importance of maintaining focus on the task at hand and reminded the Board of the impact that their decisions make on the community as they provide guidance to WEDC staff and offer recommendations to City Council. 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 August 17, 2022 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the August 2022 WEDC Treasurer's Report. Board Action A motion was made by Gino Mulliqi, seconded by Melisa Whitehead, 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 Performance Agreement between WEDC and American Entitlements LLC. 3 10/19/2022 Item A. WEDC – Minutes September 21, 2022 Page 2 of 5 Staff Comments Staff discussed the proposed Performance Agreement for the next phase at American Entitlements, noting that their request for additional assistance was approved by City Council on March 22, 2022. This project will consist of a 1300 sq ft addition to an existing structure as well as an addition of 35 new full-time employees over the next three years. The proposed Agreement is tied to job creation over the base employment of forty employees and will outline an incentive of $1000 per new FTE position, with a maximum incentive of $35,000, payable over a three-year period. The Economic Impact Analysis indicates the project will generate an estimated $272,490 in overall tax revenue over the next 10 years. For every $1 that the WEDC invests, this business is investing $7.78 in our community. Board Action A motion was made by Gino Mulliqi, seconded by Tim Gilchrist, to approve a Performance Agreement between the WEDC and American Entitlements, LLC. Providing for a maximum incentive of $35,000 and further authorizing the WEDC Executive Director to execute said Agreement. A vote was taken, and the motion passed 4-0. 2. Consider and act upon issues surrounding the water line loop at State Hwy 78/Alanis. Staff Comments Staff discussed the proposed contract is for the design of a water line that would provide water to the properties south of Alanis, noting that the contract does not include installation costs. Mayor Porter expressed the importance of the surveyors staying in contact with the City Engineer to avoid any interference with the future expansion of Alanis. Staff noted that the line will be designed to be installed 5’ inside of right-of-way so that relocation will not be required due to any future expansions of Alanis. Board Action A motion was made by Tim Gilchrist, seconded by Gino Mulliqi, to award the contract to Kimley-Horn and Associates, Inc. in the amount of $11,000 and further authorize the Executive Director to execute any and all necessary documents. A vote was taken, and the motion passed 4-0. 3. Consider and act upon issues surrounding the tree survey at State Hwy 78/Alanis. Staff Comments Staff noted that the tree survey will take inventory of type, diameter, gps location, and general health assessment of trees at State Hwy 78/Alanis. This data will be incorporated into the existing topographic survey for this site to work toward site readiness for any future development at State Hwy 78/Alanis. Board Action A motion was made by Gino Mulliqi, seconded by Tim Gilchrist, to award the contract to Kimley-Horn and Associates, Inc. in the amount of $19,000 and further authorize the Executive Director to execute any and all necessary documents. A vote was taken, and the motion passed 4-0. DISCUSSION ITEMS ______ DS1. Update from the Subcommittee of the Board to review and recommend any modifications to the existing bylaws of the Corporation. Following board member request from the previous meeting, staff discussed the possibility of increasing the number of board members through bylaw amendments. Subcommittee Members Gilchrist and Whitehead discussed their review of board member responsibilities, code of conduct, confidentiality 4 10/19/2022 Item A. WEDC – Minutes September 21, 2022 Page 3 of 5 agreements, and proposed amendments to the bylaws. The Board commented on accountability, how to improve the WEDC Board, and whether amending bylaws or adding new members is the best approach. City Manager Parker and the Board highlighted the opportunity to provide board member expectations to City Council as they seek to appoint new board members, as well as the creation of an onboarding tool or handbook for new board members. Mayor Porter offered to facilitate any future communication regarding responsibilities or standards that the Board will expect from future board members while candidates are in the application/interview process. Mayor Porter stated that he would like to see the Board President or Vice President in attendance at City Council meetings when there are discussions about the budget, annual presentations, or large projects. The Board considered expectations for attendance, term limits, officer roles, and seat rotations. Mayor Porter noted that, while the WEDC Board appoints the Executive Director per current bylaws, there are other cities that opt for City Council appointment of the Executive Director or have bylaws that better articulate the relationship between the Council/Executive Director/Board. The Board reviewed potential revisions to the bylaws and agreed to further review the proposed revisions, as well as any updates provided by the Subcommittee, in preparation for continuing the discussion at the next board meeting. Mayor Porter stepped out at 8:29 a.m. during discussion of Item DS1. DS2. Discussion regarding Temporary Access Agreement. Staff opened the discussion noting that there are two companies interested in using a WEDC-owned lot downtown for weekly events with vendor tents. Staff discussed the possibility of building additional awareness about businesses in Historic Downtown Wylie through these events. The Board discussed the value the events could bring as well as the potential for setting a precedent for allowable use without having set qualifications as to what is a viable event. Staff confirmed that any vendors granted a Temporary Access Agreement for use of WEDC-owned property would need to provide their own insurance and obtain all necessary permits from the City of Wylie before hosting an event. Staff will bring back cost estimates for gravel improvements to the parking lot and cost estimates for possible repair of concrete to ensure that events are ADA compliant. The Board requested that rules and standards are clear as to what is a viable event eligible for use of WEDC-owned property. DS3. Staff report: WEDC Property Update, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Staff referred the Board to the Agenda Report provided in the packet for all updates related to WEDC property updates, downtown parking, engineering reports, upcoming events, and WEDC activities/programs. Staff provided an overview of the Planned Development (PD) process for the Hwy 78/Brown project. The Board reviewed the application that was submitted to the city, as well as the first round of comments provided by Planning and Zoning staff that highlight the need for the development to tie into downtown Wylie. The Board discussed a desire to see taxable values added on these lots and interest in having flexibility knowing what could possibly be developed. Staff noted that the PD will need to go through both the Planning & Zoning Commission and City Council for final approval. Staff highlighted articles of interest included in the packet, upcoming Manufacturing Day events, the Apprenticeship Program with the Dept of Labor, and pending notice to vacate letters that will be issued for properties that will soon be demolished. Mayor Porter returned at 9:11 a.m. during discussion of Item DS3. President Dawkins revisited Discussion Item DS2. 5 10/19/2022 Item A. WEDC – Minutes September 21, 2022 Page 4 of 5 DS2. Discussion regarding Temporary Access Agreement. Regarding availability of parking for events in downtown Wylie, Mayor Porter pointed out for Board consideration that The Cross Church may not allow access to their parking lots on Saturday evenings due to their church services at that time. EXECUTIVE SESSION Recessed into Closed Session at 9:29 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 1378/Parker, FM 544/Cooper, FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, and State Hwy 78/Brown. Sec. 551.087. DELIBERATION REGARDING 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: 2013-9a, 2017-6a, 2020-11b, 2021-2d, 2021-4a, 2021-5a, 2021-6a, 2021-6c, 2021-8a, 2021-9a, 2021-9b, 2021-9e, 2021-9f, 2021- 11a, 2021-12a, 2021-12b, 2022-1a, 2022-4d, 2022-7a, 2022-7b, 2022-7c, 2022-9a, and 2022-9b. Board Member Mulliqi stepped out at 9:30 a.m. during Executive Session and filed a Conflict of Interest form with Staff. Board Member Mulliqi returned at 9:40 a.m. RECONVENE INTO OPEN SESSION Take any action as a result of the Executive Session. President Dawkins reconvened into Open Session at 10:06 a.m. and the Board took the following action: Board Action A motion was made by Tim Gilchrist, seconded by Gino Mulliqi, to approve a Purchase and Sale Agreement between WEDC and MLKJ Investments LLC for the sale of Lots 2, 3, and 4 of Wyndham Estates, Phase III, an Addition to the City of Wylie, Collin County, Texas in the amount of $500,000 ($300,000 cash to close and $200,000 promissory note) and further authorize WEDC President Demond Dawkins to execute all documentation necessary to effectuate the transaction. A vote was taken, and the motion passed 4-0. FUTURE AGENDA ITEMS There were no Items requested for inclusion on future agendas. ADJOURNMENT With no further business, President Dawkins adjourned the WEDC Board meeting at 10:07 a.m. 6 10/19/2022 Item A. WEDC – Minutes September 21, 2022 Page 5 of 5 __________________________________ Demond Dawkins, President ATTEST: __________________________________ Jason Greiner, Executive Director 7 10/19/2022 Item A. Wylie Economic Development Board AGENDA REPORT Page 1 of 1 Meeting Date: October 19, 2022 Item Number: B Prepared By: Jason Greiner Account Code: Date Prepared: 10-14-22 Exhibits: 6 Subject Consider and act upon approval of the September 2022 WEDC Treasurer’s Report. Recommendation Motion to approve the September 2022 WEDC Treasurer’s Report. Presented for the Board’s review and approval is the September 2022 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, Quarterly Inventory Subledger, and the Quarterly Performance Agreement Summary. REVENUES: Sales Tax Revenue earned in July allocated in September, was $337,512.61, an increase of 9.70% over the same period in 2021. EXPENSES: Special Services $8,000.00 David Pettit Economic Development- TIRZ Land/Purchase Price $82,126.92 .476 UP Lot near Keefer- Purchase 8 10/19/2022 Item B. 10/12/2022 10:29:19 AM Page 1 of 4 September Rev/Exp Report Account Summary For Fiscal: 2021-2022 Period Ending: 09/30/2022 Fiscal Activity Variance Favorable (Unfavorable) Percent Remaining Current Total Budget Period Activity Original Total Budget Fund: 111 - WYLIE ECONOMIC DEVEL CORP Revenue Category: 400 - Taxes SALES TAX 3,789,966.00 3,422,254.76 -367,711.24 9.70 %337,512.61111-4000-40210 3,789,966.00 Category: 400 - Taxes Total:3,422,254.76337,512.613,789,966.00 3,789,966.00 -367,711.24 9.70% Category: 460 - Interest Income ALLOCATED INTEREST EARNINGS 6,000.00 20,319.95 14,319.95 338.67 %0.00111-4000-46110 6,000.00 Category: 460 - Interest Income Total:20,319.950.006,000.00 6,000.00 14,319.95 238.67% Category: 480 - Miscellaneous Income RENTAL INCOME 132,240.00 127,985.00 -4,255.00 3.22 %5,550.00111-4000-48110 132,240.00 MISCELLANEOUS INCOME 0.00 1,544.96 1,544.96 0.00 %0.00111-4000-48410 0.00 GAIN/(LOSS) SALE OF CAP ASSETS 2,601,116.00 -70,386.08 -2,671,502.08 102.71 %0.00111-4000-48430 2,601,116.00 Category: 480 - Miscellaneous Income Total:59,143.885,550.002,733,356.00 2,733,356.00 -2,674,212.12 97.84% Category: 490 - Transfers In & Other Financing Sources BANK NOTE PROCEEDS 16,216,000.00 16,216,000.00 0.00 0.00 %0.00111-4000-49325 0.00 Category: 490 - Transfers In & Other Financing Sources Total:16,216,000.000.000.00 16,216,000.00 0.00 0.00% Revenue Total:19,717,718.59343,062.616,529,322.00 22,745,322.00 -3,027,603.41 13.31% Expense Category: 510 - Personnel Services SALARIES 286,558.00 273,702.72 12,855.28 4.49 %22,735.82111-5611-51110 286,558.00 OVERTIME 0.00 222.52 -222.52 0.00 %0.00111-5611-51130 0.00 LONGEVITY PAY 729.00 724.00 5.00 0.69 %0.00111-5611-51140 729.00 TMRS 44,530.00 42,141.41 2,388.59 5.36 %3,589.41111-5611-51310 44,530.00 HOSPITAL & LIFE INSURANCE 49,304.00 39,162.44 10,141.56 20.57 %3,836.94111-5611-51410 49,304.00 LONG-TERM DISABILITY 1,707.00 357.36 1,349.64 79.07 %0.00111-5611-51420 1,707.00 FICA 18,623.00 15,676.96 2,946.04 15.82 %1,311.14111-5611-51440 18,623.00 MEDICARE 4,355.00 3,666.32 688.68 15.81 %306.63111-5611-51450 4,355.00 WORKERS COMP PREMIUM 390.56 390.55 0.01 0.00 %0.00111-5611-51470 378.00 UNEMPLOYMENT COMP (TWC)1,080.00 40.29 1,039.71 96.27 %0.00111-5611-51480 1,080.00 Category: 510 - Personnel Services Total:376,084.5731,779.94407,264.00 407,276.56 31,191.99 7.66% Category: 520 - Supplies OFFICE SUPPLIES 5,000.00 4,286.96 713.04 14.26 %360.19111-5611-52010 5,000.00 POSTAGE & FREIGHT 300.00 83.30 216.70 72.23 %11.60111-5611-52040 300.00 FOOD SUPPLIES 6,100.00 3,499.44 2,600.56 42.63 %313.12111-5611-52810 6,100.00 Category: 520 - Supplies Total:7,869.70684.9111,400.00 11,400.00 3,530.30 30.97% Category: 540 - Materials for Maintenance FURNITURE & FIXTURES 9,258.00 8,958.50 299.50 3.24 %0.00111-5611-54610 2,500.00 COMPUTER HARD/SOFTWARE 5,500.00 4,374.99 1,125.01 20.45 %125.00111-5611-54810 5,500.00 Category: 540 - Materials for Maintenance Total:13,333.49125.008,000.00 14,758.00 1,424.51 9.65% Category: 560 - Contractual Services INCENTIVES 1,043,973.00 324,714.18 719,258.82 68.90 %0.00111-5611-56030 1,043,973.00 SPECIAL SERVICES 4,481,339.00 2,233,074.70 2,248,264.30 50.17 %13,856.25111-5611-56040 118,156.00 ADVERTISING 129,100.00 80,881.61 48,218.39 37.35 %11,022.14111-5611-56080 129,100.00 COMMUNITY DEVELOPMENT 52,050.00 44,479.94 7,570.06 14.54 %0.00111-5611-56090 52,050.00 COMMUNICATIONS 6,400.00 5,275.74 1,124.26 17.57 %654.30111-5611-56110 6,400.00 RENTAL 27,000.00 27,000.00 0.00 0.00 %4,500.00111-5611-56180 27,000.00 TRAVEL & TRAINING 74,600.00 56,888.28 17,711.72 23.74 %6,244.92111-5611-56210 74,600.00 DUES & SUBSCRIPTIONS 57,210.00 56,614.78 595.22 1.04 %2,193.12111-5611-56250 39,810.00 INSURANCE 6,303.00 5,458.01 844.99 13.41 %0.00111-5611-56310 6,303.00 AUDIT & LEGAL SERVICES 33,000.00 17,566.00 15,434.00 46.77 %132.00111-5611-56510 33,000.00 9 10/19/2022 Item B. Budget Report For Fiscal: 2021-2022 Period Ending: 09/30/2022 10/12/2022 10:29:19 AM Page 2 of 4 Fiscal Activity Variance Favorable (Unfavorable) Percent Remaining Current Total Budget Period Activity Original Total Budget ENGINEERING/ARCHITECTURAL 262,800.00 138,302.55 124,497.45 47.37 %750.00111-5611-56570 87,500.00 UTILITIES-ELECTRIC 2,400.00 2,026.64 373.36 15.56 %255.77111-5611-56610 2,400.00 Category: 560 - Contractual Services Total:2,992,282.4339,608.501,620,292.00 6,176,175.00 3,183,892.57 51.55% Category: 570 - Debt Service & Capital Replacement PRINCIPAL PAYMENT 5,443,700.71 5,041,123.51 402,577.20 7.40 %46,940.42111-5611-57410 694,127.33 INTEREST EXPENSE 391,235.38 338,197.61 53,037.77 13.56 %55,726.05111-5611-57415 315,135.79 Category: 570 - Debt Service & Capital Replacement Total:5,379,321.12102,666.471,009,263.12 5,834,936.09 455,614.97 7.81% Category: 580 - Capital Outlay LAND-PURCHASE PRICE 4,142,718.16 4,136,097.34 6,620.82 0.16 %82,126.92111-5611-58110 0.00 STREETS & ALLEYS 0.00 0.00 0.00 0.00 %0.00111-5611-58210 2,175,000.00 CONTRA CAPITAL OUTLAY 0.00 -4,054,591.91 4,054,591.91 0.00 %0.00111-5611-58995 0.00 Category: 580 - Capital Outlay Total:81,505.4382,126.922,175,000.00 4,142,718.16 4,061,212.73 98.03% Expense Total:8,850,396.74256,991.745,231,219.12 16,587,263.81 7,736,867.07 46.64% Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):10,867,321.8586,070.871,298,102.88 6,158,058.19 4,709,263.66 -76.47% Report Surplus (Deficit):86,070.87 10,867,321.851,298,102.88 6,158,058.19 4,709,263.66 -76.47% 10 10/19/2022 Item B. Budget Report For Fiscal: 2021-2022 Period Ending: 09/30/2022 10/12/2022 10:29:19 AM Page 3 of 4 Group Summary Fiscal Activity Variance Favorable (Unfavorable) Period ActivityCategor… Current Total Budget Original Total Budget Percent Remaining Fund: 111 - WYLIE ECONOMIC DEVEL CORP Revenue 400 - Taxes 3,422,254.76337,512.613,789,966.00 3,789,966.00 -367,711.24 9.70% 460 - Interest Income 20,319.950.006,000.00 6,000.00 14,319.95 238.67% 480 - Miscellaneous Income 59,143.885,550.002,733,356.00 2,733,356.00 -2,674,212.12 97.84% 490 - Transfers In & Other Financing Sources 16,216,000.000.000.00 16,216,000.00 0.00 0.00% 19,717,718.59343,062.616,529,322.00 22,745,322.00 -3,027,603.41Revenue Total:13.31% Expense 510 - Personnel Services 376,084.5731,779.94407,264.00 407,276.56 31,191.99 7.66% 520 - Supplies 7,869.70684.9111,400.00 11,400.00 3,530.30 30.97% 540 - Materials for Maintenance 13,333.49125.008,000.00 14,758.00 1,424.51 9.65% 560 - Contractual Services 2,992,282.4339,608.501,620,292.00 6,176,175.00 3,183,892.57 51.55% 570 - Debt Service & Capital Replacement 5,379,321.12102,666.471,009,263.12 5,834,936.09 455,614.97 7.81% 580 - Capital Outlay 81,505.4382,126.922,175,000.00 4,142,718.16 4,061,212.73 98.03% 8,850,396.74256,991.745,231,219.12 16,587,263.81 7,736,867.07Expense Total:46.64% 10,867,321.8586,070.871,298,102.88 6,158,058.19 4,709,263.66Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-76.47% Report Surplus (Deficit):86,070.87 10,867,321.851,298,102.88 6,158,058.19 4,709,263.66 -76.47% 11 10/19/2022 Item B. Budget Report For Fiscal: 2021-2022 Period Ending: 09/30/2022 10/12/2022 10:29:19 AM Page 4 of 4 Fund Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget 111 - WYLIE ECONOMIC DEVEL CORP 10,867,321.8586,070.871,298,102.88 6,158,058.19 4,709,263.66 Report Surplus (Deficit):86,070.87 10,867,321.851,298,102.88 6,158,058.19 4,709,263.66 12 10/19/2022 Item B. Wylie Economic Development Corporation Statement of Net Position As of September 30, 2022 Assets Cash and cash equivalents 10,759,265.33$ Receivables 40,000.00$ Note 1 Inventories 16,271,495.53$ Prepaid Items ‐$ Total Assets 27,070,760.86$ Deferred Outflows of Resources Pensions 75,630.55$ Total deferred outflows of resources 75,630.55$ Liabilities Accounts Payable and other current liabilities 10,983.38$ Unearned Revenue 1,200.00$ Note 2 Non current liabilities: Due within one year 41,905.26$ Note 3 Due in more than one year 16,255,182.25$ Total Liabilities 16,309,270.89$ Deferred Inflows of Resources Pensions (45,385.41)$ Total deferred inflows of resources (45,385.41)$ Net Position Net investment in capital assets ‐$ Unrestricted 10,791,735.11$ Total Net Position 10,791,735.11$ Note 1: Includes incentives in the form of forgivable loans for $40,000 (LUV‐ROS) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of $32,301 13 10/19/2022 Item B. 10/11/2022 3:52:33 PM Page 1 of 3 Balance Sheet Account Summary As Of 09/30/2022 Account Name Balance Fund: 111 - WYLIE ECONOMIC DEVEL CORP Assets 111-1000-10110 CLAIM ON CASH AND CASH EQUIV.10,743,781.17 111-1000-10115 CASH - WEDC - INWOOD 0.00 111-1000-10135 ESCROW 0.00 111-1000-10180 DEPOSITS 2,000.00 111-1000-10198 OTHER - MISC CLEARING 0.00 111-1000-10341 TEXPOOL 0.00 111-1000-10343 LOGIC 0.00 111-1000-10481 INTEREST RECEIVABLE 0.00 111-1000-11511 ACCTS REC - MISC 0.00 111-1000-11517 ACCTS REC - SALES TAX 0.00 111-1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 111-1000-12996 LOAN RECEIVABLE 0.00 111-1000-12997 ACCTS REC - JTM TECH 0.00 111-1000-12998 ACCTS REC - FORGIVEABLE LOANS 40,000.00 111-1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 111-1000-14116 INVENTORY - LAND & BUILDINGS 16,189,368.61 111-1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 111-1000-14310 PREPAID EXPENSES - MISC 0.00 111-1000-14410 DEFERRED OUTFLOWS 660,793.66 27,635,943.44Total Assets:27,635,943.44 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 0.00 111-2000-20114 IRS LEVY PAYABLE 0.00 111-2000-20115 NATIONWIDE DEFERRED COMP 0.00 111-2000-20116 HEALTH INSUR PAY-EMPLOYEE 593.47 111-2000-20117 TMRS PAYABLE 0.00 111-2000-20118 ROTH IRA PAYABLE 0.00 111-2000-20119 WORKERS COMP PAYABLE 0.00 111-2000-20120 FICA PAYABLE 0.00 111-2000-20121 TEC PAYABLE 0.00 111-2000-20122 STUDENT LOAN LEVY PAYABLE 0.00 111-2000-20123 ALIMONY PAYABLE 0.00 111-2000-20124 BANKRUPTCY PAYABLE 0.00 111-2000-20125 VALIC DEFERRED COMP 0.00 111-2000-20126 ICMA PAYABLE 0.00 111-2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00 111-2000-20130 FLEXIBLE SPENDING ACCOUNT 9,749.76 111-2000-20131 EDWARD JONES DEFERRED COMP 0.00 111-2000-20132 EMP CARE FLITE 12.00 111-2000-20133 Unemployment Comp Payable 6.45 111-2000-20151 ACCRUED WAGES PAYABLE 0.00 111-2000-20180 ADDIT EMPLOYEE INSUR PAY 211.70 111-2000-20199 MISC PAYROLL PAYABLE 0.00 111-2000-20201 AP PENDING 157.50 111-2000-20210 ACCOUNTS PAYABLE 95.00 111-2000-20530 PROPERTY TAXES PAYABLE 0.00 111-2000-20540 NOTES PAYABLE 660,793.66 111-2000-20810 DUE TO GENERAL FUND 0.00 14 10/19/2022 Item B. Balance Sheet As Of 09/30/2022 10/11/2022 3:52:33 PM Page 2 of 3 Account Name Balance 111-2000-22270 DEFERRED INFLOW 0.00 111-2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00 111-2000-22280 DEFERRED INFLOW - LEASE INT 0.00 111-2000-22915 RENTAL DEPOSITS 1,200.00 672,819.54Total Liability: Equity 111-3000-34110 FUND BALANCE - RESERVED 0.00 111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 16,095,802.05 16,095,802.05Total Beginning Equity: 19,717,718.59Total Revenue 8,850,396.74Total Expense 10,867,321.85Revenues Over/Under Expenses Total Liabilities, Equity and Current Surplus (Deficit):27,635,943.44 26,963,123.90Total Equity and Current Surplus (Deficit): 15 10/19/2022 Item B. Balance Sheet As Of 09/30/2022 10/11/2022 3:52:33 PM Page 3 of 3 Account Name Balance Fund: 922 - GEN LONG TERM DEBT (WEDC) Assets 922-1000-10312 GOVERNMENT NOTES 0.00 922-1000-18110 LOAN - WEDC 0.00 922-1000-18120 LOAN - BIRMINGHAM 0.00 922-1000-18210 AMOUNT TO BE PROVIDED 0.00 922-1000-18220 BIRMINGHAM LOAN 0.00 922-1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 39,535.29 922-1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 3,027.00 922-1000-19075 DEF OUTFLOW - INVESTMENT EXP -37,953.52 922-1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 71,021.78 922-1000-19125 (GAIN)/LOSS ON ASSUMPTION CHGS -44,574.41 922-1000-19126 DEF INFLOW SDBF CONTRIBUTIONS -811.00 30,245.14Total Assets:30,245.14 Liability 922-2000-20310 COMPENSATED ABSENCES PAYABLE 0.00 922-2000-20311 COMP ABSENCES PAYABLE-CURRENT 32,300.82 922-2000-21410 ACCRUED INTEREST PAYABLE 9,604.44 922-2000-28205 WEDC LOANS/CURRENT 0.00 922-2000-28220 BIRMINGHAM LOAN 0.00 922-2000-28230 INWOOD LOAN 0.00 922-2000-28232 ANB LOAN/EDGE 0.00 922-2000-28233 ANB LOAN/PEDDICORD WHITE 0.00 922-2000-28234 ANB LOAN/RANDACK HUGHES 0.00 922-2000-28235 ANB LOAN 0.00 922-2000-28236 ANB CONSTRUCTION LOAN 0.00 922-2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 0.00 922-2000-28238 ANB LOAN/BUCHANAN 0.00 922-2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00 922-2000-28240 HUGHES LOAN 0.00 922-2000-28242 ANB LOAN/HWY 78:5TH ST REDEV 0.00 922-2000-28245 ANB LOAN/DALLAS WHIRLPOOL 0.00 922-2000-28246 GOVCAP LOAN/KIRBY 7,846,537.60 922-2000-28247 JARRARD LOAN 144,081.16 922-2000-28248 GOVCAP LOAN/SERIES 2022 8,067,548.32 922-2000-28250 CITY OF WYLIE LOAN 0.00 922-2000-28260 PRIME KUTS LOAN 0.00 922-2000-28270 BOWLAND/ANDERSON LOAN 0.00 922-2000-28280 CAPITAL ONE CAZAD LOAN 0.00 922-2000-28290 HOBART/COMMERCE LOAN 0.00 922-2000-29150 NET PENSION LIABILITY 185,989.17 922-2000-29151 SDBF LIABILITY 11,026.00 16,297,087.51Total Liability: Equity 922-3000-34590 FUND BALANCE-UNRESERV/UNDESIG -4,971,701.88 922-3000-35900 UNRESTRICTED NET POSITION -120,264.00 -5,091,965.88Total Beginning Equity: -16,216,000.00Total Revenue -5,041,123.51Total Expense -11,174,876.49Revenues Over/Under Expenses Total Liabilities, Equity and Current Surplus (Deficit):30,245.14 -16,266,842.37Total Equity and Current Surplus (Deficit): 16 10/19/2022 Item B. MONTH FY 2019 FY 2020 FY 2021 FY 2022 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$ 326,207.92$ 63,944.40$ 24.38% FEBRUARY 307,366.66$ 362,129.18$ 456,571.35$ 417,896.79$ (38,674.56)$ -8.47% MARCH 208,222.32$ 228,091.34$ 257,187.91$ 305,605.50$ 48,417.59$ 18.83% APRIL 182,499.53$ 203,895.57$ 221,881.55$ 265,773.80$ 43,892.25$ 19.78% MAY 274,299.18$ 289,224.35$ 400,371.70$ 401,180.20$ 808.50$ 0.20% JUNE 234,173.88$ 239,340.35$ 290,586.92$ 343,371.26$ 52,784.34$ 18.16% JULY 215,107.94$ 296,954.00$ 314,559.10$ 331,432.86$ 16,873.76$ 5.36% AUGUST 283,602.93$ 325,104.34$ 390,790.76$ 429,696.16$ 38,905.40$ 9.96% SEPTEMBER 243,048.40$ 259,257.89$ 307,681.15$ 337,512.61$ 29,831.46$ 9.70% 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$ 3,422,254.75$ 284,979.47$ 10.99% Total 2,920,137.37$ 3,283,492.09$ 3,875,470.98$ 3,422,254.75$ 284,979.47$ 10.99% *** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months. Example: September SlsTx Revenue is actually July SlsTx and is therefore the 10th allocation in FY22. DIFF 21 vs. 22 % DIFF 21 vs. 22 Wylie Economic Development Corporation SALES TAX REPORT September 30, 2022 BUDGETED YEAR $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 WEDC Sales Tax Analysis 2021 2022 17 10/19/2022 Item B. Cooper St.McMasters 7/12/05 709 Cooper 0.4750 -$ 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$ 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 4.7600 128,925.00$ 9,000 2,182,080.30$ City of Wylie 10/22/21 802 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$ Pawn Shop/All The Rave 1/7/22 104 S. Ballard 0.0860 5,420.00$ 1,885 $475,441.20 FBC Lot 6/15/16 111 N. Ballard St 0.2000 -$ 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$ Parupia 8/19/22 200 W Brown 0.0770 -$ Demo 159,325.57$ UP Lot 9/30/22 UP Lot 0.4760 -$ 832 82,126.92$ 2,501,397.38$ 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$ Marlow 3/31/22 305 S. Ballard 0.1865 1,008 185,457.52$ 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 &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 44.5521 1,611,285.00$ 63,861 16,275,078.53$ 16,089,621.01$ Wylie Economic Development Corporation Inventory Subledger (Land) September 30, 2022 Property Purchase Date Address Acreage Improvements Cost Basis Sub-totals 18 10/19/2022 Item B. 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$ 13,140.34$ -$ -$ -$ -$ -$ 25,000.00$ 38,140.34$ SAVANNAH WOODBRIDGE 90,000.00$ 45,000.00$ -$ -$ -$ -$ -$ 45,000.00$ 90,000.00$ CARDINAL STRATEGIES 106,800.00$ 16,933.00$ 24,934.00$ -$ -$ -$ 24,934.00$ 49,433.00$ 91,300.00$ AVANTI, 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 I 33,000.00$ 33,000.00$ --- -$ -$ -$ -$ -$ 33,000.00$ C 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$ 46,500.00$ 9,250.00$ 9,250.00$ -$ -$ 18,500.00$ -$ 65,000.00$ FUEL CITY 500,000.00$ -$ 500,000.00$ -$ -$ -$ 500,000.00$ -$ 500,000.00$ AMERICAN ENTITLEMENTS II 35,000.00$ -$ 35,000.00$ -$ -$ -$ 35,000.00$ -$ 35,000.00$ 2,295,300.00$ 404,573.34$ 678,610.07$ 29,250.00$ -$ -$ 672,860.07$ 1,155,506.93$ 2,232,940.34$ Recently Paid - Balance Sheet needs to be updated Deferred Out Flow 648,934.00$ 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. C. Performance Agreeement Requirements were met. Removed the future obligation from FY23. Wylie Economic Development Corporation PERFORMANCE AGREEMENT REPORT September 30, 2022 TOTAL INCENTIVE BUDGETED YEAR REMAINING AFTER CURRENT FY PREVIOUS FY PAYMENTS TOTAL INCENTIVE 19 10/19/2022 Item B. Wylie Economic Development Board AGENDA REPORT Page 1 of 3 Meeting Date: October 19, 2022 Item Number: DS1 Prepared By: Jason Greiner Account Code: Date Prepared: 10-13-22 Exhibits: 4 Subject Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Recommendation No action is requested by staff for this item. Discussion WEDC Property Update: Property Management Staff is working with our property management team and legal regarding 104 S Ballard. Notice to vacate letters have been sent to the tenants leasing at 106 N Birmingham, 605 Commerce (200, 201, & 204), and 908 Kirby. Property- UP Lot/N Keefer City Council approved the change of zoning for 401 N Keefer from Downtown Historic-Residential only to allow for commercial and/or residential uses on Feb 22; The UP Lot will have to go through the same process (at HRC, P&Z, & CC). WEDC closed on the UP property on September 30th. Request for zoning change to allow commercial on the west side of the RR tracks will be reviewed by HRC on October 27th. Property- 200 W Brown Closing took place on 8-19-22. Due to a recent change in Zoning Ordinance, staff will now need to bring the subject of demolition of this structure to the Historic Review Commission on October 27th. If approved, staff anticipates Police & Fire Training in Dec or Jan with demolition prior to February 1st. Downtown Parking: - No Update, meeting request has been sent The new site plan was initially reviewed with Engineering, but the biggest issue is detention & drainage. Downtown Thoroughfare and Drainage Studies may need to be completed prior to moving forward with construction. Staff is working with the UP representative to obtain the ILA for the City of Wylie. 20 10/19/2022 Item DS1. Page 2 of 3 Ongoing coordination by KH with railroad to park in the excess ROW. Once Downtown master drainage study and thoroughfare plan are complete, KH to provide proposal to plan and design additional parking Downtown. Engineering Report: Design & Engineering - FM 544/Cooper – Kimley Horn (KH) The initial design has been received and includes the proposed private fire lane, decel lane, wet utilities and storm sewer improvements. After plan review/feedback, KH will request a meeting with City Engineering and Planning to discuss any potential concerns that would affect platting/plan review process. Timeline/schedule will be determined after the meeting with the City. Staff will be begin working on the Planned Development to accompany the Preliminary and Final Plat submittals. Completion Date: EOY Water Line Relocation- State Hwy 78/Brown Dowager has installed the new pipe and completed the boring under Brown St.. Staff has a project meeting next Wednesday to discuss the next steps and prepare for shut down. Dowager anticipates being able to shut down during the 3rd or 4th week of November. Excavation and removal of the old line would begin once the new line is up and operational. Completion Date: Dec, exact date is TBD. Environmental- State Hwy 78 & Brown – Elm Creek (EC) EC has contracted with Sunbelt Industrial Services to remove the contaminated soil and plug and abandon the remaining groundwater sampling wells. EC waiting on TCEQ’s assignment of our new project manager prior to removing the soils. Once they clearly outline the process with the new project manager, EC will coordinate with Sunbelt to get start date and being digging and hauling off the materials. Once these tasks are done, EC will be complete with all groundwork at the site unless TCEQ requests additional tasks, which is not believed to be likely. A Response Action Effectiveness Report (RAER) that details the remediation done at the site will be completed after soil removal and EC will apply for a certificate of closure. This timeline is dependent on how long TCEQ takes to review the APAR and RAER and if they request any additional work done at the site. Completion Date: EOY or early 2023 Flood Study- Hooper/Steel (KH) Cardinal flood study review is complete. Currently compiling recommendations on drainage/detentions improvements – expected to be complete this week. Next Steps: Review the recommendations and consider options Flood Study, Tree Survey, Water & Sewer Extension - State Hwy 78/Alanis (KH) Ongoing coordination underway with the adjacent property owners on the proposed drainage and sanitary sewer easement. Ultimately need to decide whether or not to proceed with floodplain reclamation. Sanitary sewer service and water loop will be required regardless of what type of user develops on the property. Sanitary sewer design, water line design, easement staking and tree survey on hold until easement location is finalized. 21 10/19/2022 Item DS1. Page 3 of 3 Upcoming Events: City Council Apprenticeship Week Proclamation- Nov 8 City Council Entrepreneur’s Day/Month Proclamation- Nov 8 City Council Small Business Saturday Proclamation- Nov 8 Hiring Red, White, & You! Veterans Hiring Event – Nov 10 Veteran’s Day – Nov 11 Raytheon Apprenticeship Signing Day- Nov 14 Entrepreneur’s Expo – Nov 15 Collin Leadership Policy Summit – Nov 16 Please see the attached Marketing Calendar for the full list of upcoming events WEDC Activities/Programs: TEDC Sales Tax Workshop on September 16 Legislative Dinner took place on September 22 Chamber of Commerce Luncheon- State of WISD and Collin College took place on September 27 MFG Day Proclamation took place on September 27 BRE Updates: o 3 BRE visits were conducted this month. o MFG Day Kickoff & Community Event – October 7 o MFG Day Tours – 5 Additional Tours Scheduled for the Remainder of the Month o Registered Apprenticeship Program has been completed and certified by DOL. Signing Ceremony planned for November 14th . Sales tax revenues for the month of September are up 6.08% Overall sales tax revenues for FY22 are up 10.54% Please see the attached quarterly social media reports. 22 10/19/2022 Item DS1. @ D I S C O V E R W Y L I E Q3 DISCOVER WYLIEreporting 7 /1 /2 0 2 2 - 9 /3 0 /2 0 2 2 23 10/19/2022 Item DS1. O V E R V I E W & S T R A T E G I E S Created story highlights. Consistently sharing "Wylie this Week" posts with local events. Continued posting original reels. Shared local historical photos and facts. Engaged with followers through polls, questions, and quizzes in stories. Shared relevant follower content to stories (for example, resharing reels or posts created by locals who tagged the @DiscoverWylie account) Launched Discover Wylie blog! S T R A T E G I E S A P P L I E D T H I S Q U A R T E R Goals for this Quarter > Continue to grow and strengthen a social media presence on Instagram. > Increase engagement and shares. > Continue using reels > Continue testing different content to see what resonates with followers. > Launch blog @ D i s c o v e r W y l i e R e p o r t T i m e P e r i o d : 7 /1 /2 0 2 2 - 9 /3 0 /2 0 2 2 Continue posting stories with opportunities for followers to engage. Continue sharing local history and interesting Wylie facts to the feed and stories. Offer photo shoots to businesses around social media promotions (for example, upcoming Cinco de Mayo promotion for blog and social media) Encourage followers to tag @DiscoverWylie and use #DiscoverWylie hashstag so we can share their content. Reels, reels, reels! Consistent blog posts with shares across social Start using Facebook stories S T R A T E G I E S T O A P P L Y N E X T Q U A R T E R 24 10/19/2022 Item DS1. . 889 T O T A L F O L L O W E R S 202 N E W F O L L O W E R S +29.4% P R E V I O U S P E R I O D E N G A G E M E N T C O N T E N T I N T E R A C T I O N S R E A C H 2,700 22,900 2,800 24,100 +22% +6% +9% +50% I N S T A G R A M R E P O R T @ D i s c o v e r W y l i e R e p o r t T i m e P e r i o d : 4 /1 /2 0 2 2 - 6 /3 0 /2 0 2 2 A U D I E N C E F E M A L E / M A L E N O N -F O L L O W E R R E A C H T O P P O S T S B Y L I K E S 78 65 63 A U D I E N C E L O C A T I O N W Y L I E M U R P H Y S A C H S E 46% 7% 5% G A R L A N D 4% N E V A D A 4%R E M A I N I N G A U D I E N C E S P R E A D A C R O S S O T H E R C I T I E S , S T A T E S , A N D C O U N T R I E S 25 10/19/2022 Item DS1. I N S T A G R A M H I G H L I G H T S @ D i s c o v e r W y l i e R e p o r t T i m e P e r i o d : 7 /1 /2 0 2 2 - 9 /3 0 /2 0 2 2 @ D i s c o v e r W y l i e Q 3 W I N S C o n t e n t I m p r e s s i o n s : 5 1 ,6 5 1 +1 2 % T H E R E E L R E P O R T O u r m o s t p o p u l a r r e e l t h i s q u a r t e r w a s t h e b e h i n d -t h e -s c e n e s r e e l a t D e a n a n P o p c o r n . I t r e c e i v e d 2 6 7 l i k e s a n d w a s s e e n b y m o r e t h a n 7 ,0 0 0 N O N -F O L L O W E R a c c o u n t s . O u r r e e l s h a d 1 ,1 5 6 i n t e r a c t i o n s , w h i c h i s a 7 0 8 % i n c r e a s e f r o m t h e p r e v i o u s q u a r t e r . R e e l s r e c e i v e d : 8 5 0 l i k e s 2 3 c o m m e n t s 2 9 s a v e s 7 1 s h a r e s 26 10/19/2022 Item DS1. 18,722 T O T A L F O L L O W E R S -30 N E T N E W F O L L O W E R S E N G A G E M E N T R E A C H 4,200 49,284 3,000 41,900 F A C E B O O K R E P O R T @ D i s c o v e r W y l i e R e p o r t T i m e P e r i o d : 7 /0 1 /2 0 2 2 - 9 /3 0 /2 0 2 2 A U D I E N C E F E M A L E / M A L E L I N K C L I C K S : 5 1 6 C O M M E N T S : 6 1 5 P O S T S H A R E S : 3 1 9 R E A C T I O N S : 3 ,3 2 2 T H E S E A R E A L L I N C R E A S E S O V E R L A S T Q U A R T E R 42 +30% +18% Q 3 Q 2 C H A N G E The community is very interested in Wylie's history and in particular, this house! Here is another example of a historical post that everyone loved seeing and talking about. Everyone loves InSync. They are a great non-profit to engage with. T O P P E R F O R M I N G P O S T S We have over 200 new likes, but as engagement increases and more people are seeing our content, we are losing some of the "paid" followers from the campaign many years ago. 27 10/19/2022 Item DS1. Q3 REPORT JULY- SEPT 2022 28 10/19/2022 Item DS1. Speak Loud Media 2 T HE C O N T E N T 29 10/19/2022 Item DS1. THE NUMBERS 113K 53K 5K I M P R E S S I O N S A V E R A G E R E A C H P E R V I D E O A C T I O N S T A K E N T O B U S I N E S S P A G E S Speak Loud Media 3 30 10/19/2022 Item DS1. Speak Loud Media 4 TOP PERFORMERS New Business Growing Business Event Promo 31 10/19/2022 Item DS1. Speak Loud Media 4 TESTIMONIALS 32 10/19/2022 Item DS1. Speak Loud Media 4 GROWTH STRATEGY What's Next? We have launched our tourism brand on multiple platforms including Youtube and TikTok to further the reach. We have been accepted into new community groups in nearby areas. We will be able to share the local Wylie content onto those platforms and pages to continue to see the reach grow. The more reach we have the larger the impact. We have proven that by driving this content into nearby areas the individuals living in those areas will visit Wylie to explore these highlighted businesses and attractions. We project reach and views to double over the next six months. 33 10/19/2022 Item DS1. 1 of 5 R E P O R T FO R JUL 1 , 2 02 2 - S E P 30 , 2 02 2 W YL IE E D C - Q UA R T E RLY + R O L L IN G M O N T H LY W E BSIT E T RA F FIC OVE RVIE W TO TAL VIS IT S Previ ou s p eri od Pr ev i ou s yea r 1 ,5 2 3 -7 4%-53 % VIS ITS T REND S BY ME DIU M (n on e)or g a n i c refe r r a l Oth e r s Oct N ov Dec J a n Feb M a r A p r Ma y J u n J u l Au g S ep 0 75 0 1,5 0 0 2 ,2 5 0 3,0 0 0 PAG E S PE R VIS IT Previ ou s p eri od Pr ev i ou s yea r 2 .67 41 %3 2 % U NIQ UE VIS ITO RS Previ ou s p er i od Pr evi ou s yea r 1 ,2 3 1 -7 5 %-55 % NE W VS RE T U RNING 79.0 % 2 1.0 % Vi s i t o r T yp e P r e v i o u s p New Visito r 1,20 3 7 9 .0 % Retu r n in g Visito r 3 2 0 2 1.0 % -4.4 +4.4 T o t a l 1,5 23 VISITS 51.7%4 1.6% 6.7% M e d i u m S e s s i o n s P r e v io u s p e r io d o r ga n i c 7 8 8 5 1.7 % (n o n e)6 3 3 4 1.6 % r ef er r al 10 2 6 .7 % +9 .7 % +7 .5% -17 .1 % T o t a l 1,5 2 3 T O P S O URC ES /ME DIUM (VIS IT S ) S o u r c e / M e d i u m Vi s i t s go o gle / o r ga n ic 7 15 (dir ect) / (n o n e)6 3 3 bin g / o r ga n ic 4 5 di sco ver wyl ie.co m / r ef er r a l 2 0 yah o o / o r ga n ic 15 wyl ieedc.gi swebtech gu r u .co m / r efer …14 wyl ietex a s.go v / r ef er r al 13 du ckdu ck go / o r gan ic 9 l.fa cebo o k .co m / r efer r al 9 wyl ieedc.lei a .edsu i te.co m / r efer r a l 8 TO P C IT IE S (VIS ITS ) C i t y S e s s i o n s W yl i e 28 9 (n o t set)25 6 Da l la s 18 2 Bo ar dm an 10 4 Lo n gview 6 3 C o l u m b u s 5 3 Ash b u r n 5 1 C h i ca go 4 6 Pl an o 25 Mo sco w 18 T O P PAG E S BY PAG E VIE WS P a g e P a t h Pa g e vi e ws /8 6 9 /abo u t-u s/m eet-th e-staf f 2 2 6 /site-sel ecti o n /r ecen t-develo p m en ts 12 7 /site-sel ecti o n /dem o gr aph i cs 10 9 /n ews/dcu -i n c-ex p an d-wylie 10 1 /site-sel ecti o n /r eta il -i n -wyli e 9 9 /site-sel ecti o n /m a j o r -em p l o yer s 8 7 /abo u t-u s/m eetin gs-a n d-a gen da s 7 4 /abo u t-u s/la test-n ews 5 2 /abo u t-u s/co n tact-u s 5 1 34 10/19/2022 Item DS1. 2 of 5 FA C E BOO K INSIGH T S FANS C O U NT Previ ou s p eri od Pr ev i ou s yea r 7 5 4 6 %2 7 % FAN ADDS Previ ou s p er i od Pr evi ou s yea r 3 5 -40 %1 0 6 % PAG E IMP RE S S IO NS (O RG ANIC ) Pr e vi ou s p er i od Previ ou s ye a r 2 ,668 -6 4%-3 6 % PAG E IMP RES S IO NS (PAID & O RG … Pr e vi ou s p er i od Previ ou s ye a r 2 ,7 99 -9 4%-5 9 % PAG E E NG AG E ME NT RAT E Previ ou s p eri od Pr ev i ou s yea r 3 .1 1 % -1 0 %-3 5% TO P P O S T S BY IMP RE SS IO NS Po s t Di d yo u k n o w th e wo r ld leader in a u to a n d tr u ck air co m p r esso r design a n d m an u fa ctu r in g is lo ca …2 11 Ha pp y 4 th o f Ju l y fr o m a l l o f u s a t Wyl ie E DC ! #In depen den ceDa y (id: 153 9 4 0 4 54 6 4 2 753 _4 3 719 2 4 …15 5 Ha pp y Labo r Da y to a ll th e h ar dwo r k i n g m en a n d wo m en o u t th er e! Ho p e yo u en jo y yo u r day o ff.…13 2 Th is is a weso m e! (id: 153 9 4 0 4 54 6 4 2 753 _5 0 4 770 53 4 9 9 2 3 2 8 )10 2 S u ch sm a r t k i ds!! (id: 15 3 9 4 0 4 54 6 4 2 75 3 _4 8 8 76 3 13 9 9 26 4 0 1)7 4 (id: 153 9 4 0 4 54 6 4 2 753 _4 8 54 3 6 0 3 0 2 59 112 )6 8 It's o fficia l - we k icked o ff Ma n u f actu r i n g Day/Mo n th with th e Pr o cla m atio n f r o m la st n i gh t! 2 0 2 2 …5 4 Tim el in e ph o to s (id: 15 3 9 4 0 4 54 6 4 2 75 3 _4 8 8 76 4 0 3 9 9 2 6 3 11)5 1 TO P P O S T S BY E NG AG E ME NT RAT E (W IT H IMAG E ) (id: 15 3 9 4 0 4 54 6 4 2 75 3 _4 8 54 3 6 0 3 0 2 59 112 )6 .15 %1 0 0 It's o f fi cia l - we k icked o ff Ma n u fa ctu r in g Day/Mo n th with th e Pr o cl a m atio n fr o m la st n i gh t! 20 2 2 Ma n u f actu r i n g Day a cti vi ti es a r e co m in g a n d we a r e th a n k f u l to th o se b u si n esses wh o wer e a b l e 5 .5 6 %1 0 1 Th is is a weso m e! (id: 15 3 9 4 0 4 5 4 6 4 2 75 3 _50 4 770 53 4 9 9 2 3 28 )4 .0 0 %0 0 1 Happ y Lab o r Day to a l l th e h ar dwo r k in g m en a n d wo m en o u t th er e! Ho pe yo u en j o y yo u r da y o ff. (i d: 15 3 9 4 0 4 5 4 6 4 2 75 3 _4 8 4 3 75 4 2 3 6 9 8 50 6 ) 3 .17 %3 0 1 Di d yo u k n o w th e wo r l d leader in au to a n d tr u ck air co m p r esso r design a n d m an u fa ctu r in g is l o cated i n W yl i e? Her e is yo u r ch an ce to take a to u r o f S a n den In ter n a tio n al - U SA In c. a n d see 2 .9 0 %3 0 1 Happ y 4 th o f Ju ly f r o m a l l o f u s a t W ylie EDC ! #In dep en den ceDa y (id: 15 3 9 4 0 4 5 4 6 4 2 75 3 _4 3 719 2 4 11750 14 1) 2 .10 %1 0 0 Tim elin e ph o to s (i d: 15 3 9 4 0 4 5 4 6 4 2 75 3 _4 8 8 76 4 0 3 9 9 2 6 3 11)2 .0 4 %1 0 0 Su ch sm a r t k ids!! (i d: 15 3 9 4 0 4 5 4 6 4 2 75 3 _4 8 8 76 3 13 9 9 2 6 4 0 1)0 .0 0 %0 0 0 P o s t Wi t h Ima g e En g a g e me n t Ra t e T o t a l Re a c t i o n s P o s t C o mme n t s P o s t S h a r e s 35 10/19/2022 Item DS1. 3 of 5 INSTA GRA M INSIGH T S FO L LO W ERS Previ ou s p eri od Pr ev i ou s yea r 1 48 1 2 %1 0 0 % FO L LO WE RS BY AG E G E NDE R Ag e G e n d e r F o l l o we r s F.3 5-4 4 23 U .3 5-4 4 22 M.3 5-4 4 2 1 F.4 5-54 12 F.2 5-3 4 11 F.5 5-6 4 10 U .2 5 -3 4 8 U .4 5-5 4 8 M.4 5-54 6 F.18 -2 4 4 L IK E S Pr evi ou s p er i od Pr evi ou s yea r 2 0 -49 %1 0 0 % P E RFO RMANC E BY PO S T Did yo u k n o w th e wo r l d l ea der in au to an d tr u ck a ir co m p r esso r desi gn an d m a n u f actu r i n g i s l o cated in Wyl ie? Her e is yo u r ch a n ce to ta ke a to u r o f S a n den In ter n a ti o n a l - US A In c. a n d see h o w its pr o du cts a r e m a de, Fr i da y, O ct. 7, 4 pm - 6 :3 0 p m , in celeb r a ti o n o f Man u fa ctu r in g Da y 2 0 2 2 . Bo o k yo u r r eser vatio n h er e: h ttp s://wa i twh ile.co m /welco m e/sa n den to u r -m fgda y2 2 E a ch per so n m u st h a ve 6 6 3 5 5 9 .5 2 % It's o f f i ci al - we k icked o f f Man u fa ctu r in g Da y/Mo n th wi th th e Pr o cla m a ti o n fr o m la st n i gh t! 2 0 2 2 Ma n u f a ctu r i n g Day a ctivi ti es a r e co m in g a n d we a r e th an k f u l to th o se b u sin esses wh o wer e ab l e to a cco m m o date i n -p er so n to u r s th is yea r a s well as th o se wh o h ave a ssisted in fil m in g th e vir tu a l sessi o n s. Th is i n ter a ctio n pr o vi des o u r W ylie IS D stu den ts wi th a ver y r ea listi c l o o k at th e wo r ld 6 5 0 4 6 12 .0 0 % Ha p p y 4 th o f Ju ly f r o m a ll o f u s at W ylie E DC ! #In dep en den ceDay 5 3 5 3 0 14 .2 9 % Ha p p y La b o r D a y to a l l th e h a r dwo r k in g m en a n d wo m en o u t th er e! Ho pe yo u en j o y yo u da y o ff.4 4 6 3 8 8 .7 0 % P o s t Na me En g a g e me n t Imp r e s s i o n s Re a c h En g a g e me n t Ra t e T o t a l 21 19 4 16 9 10 .8 2 % T W IT T E R INSIGH T S FO L LO W ERS Previ ou s p eri od Pr ev i ou s yea r 2 00 1 %4% FO L LO WE R E NG AG E ME NT RATE Previ ou s p er i od Pr evi ou s yea r 4.5 0 % -6 9 %-46 % TO P ME NT IO NS BY FO LLO W E RS C O UNT The re is no d a t a f o r t his pe rio d 36 10/19/2022 Item DS1. 4 of 5 TO P RE TW E E T E D P O S T S P o s t RT @ MfgDay: Hu n dr eds o f m a n u fa ctu r er s a cr o ss th e U .S. …8 RT @ co ll i n co llege: We a r e ver y gr atefu l an d h o n o r ed to h …1 We k icked o ff Ma n u fa ctu r in g Da y w/th e Pr o cla m a tio n ! 2 …1 ME NT IO NS Pr e vi ou s p er i od Previ ou s ye a r 5 -7 6 %-6 2 % RE TW E E TS Pr e vi ou s p er i od Previ ou s ye a r 1 -7 5%1 0 0 % L INK E D IN INSIGH T S FO L LO W ERS6 0 IMP RE SS IO NS Previ ou s p er i od Pr evi ou s yea r 3 1 -8 7 %52 0 % E NG AG E ME NT RAT E Pr e vi ou s p er i od Previ ou s ye a r 6.5 % -6 0 %1 0 0 % LIKE S Pr e vi ou s p er i od Previ ou s ye a r 1 -8 9 %1 0 0 % TO P P O S T S BY E NG AG E ME NT RAT E (W IT H IMAG E ) It's o f fi cia l - we k icked o ff Ma n u fa ctu r in g D a y/Mo n th with th e Pr o cla m a tio n f r o m la st n igh t! 20 2 2 Ma n u f actu r i n g Day a cti vi ti es a r e co m in g a n d we a r e th an k f u l to th o se bu sin esses wh o wer e a ble to a cco m m o da te in -p er so n to u r s th is yea r as wel l a s th o se wh o h a ve assi sted in fil i th i t l i Th i i t ti id W li IS D t d t ith 4 .3 %1 1 P o s t wi t h i ma g e En g a g e me n t R a t e L i ke s C l i c k s T o t a l 4 .3 %1 1 37 10/19/2022 Item DS1. 5 of 5 E NG AG E ME NT Oct N ov Dec J a n Fe b M a r A p r M a y J u n J u l Au g S ep 0 8 15 2 3 30 38 10/19/2022 Item DS1. Collin County, Texas Economy Evolves, Diversifies as New Commercial Users Emerge Pictured is a rendering of one of the amenity centers within a subdivision of Legacy Hills, a 3,200-acre development in Celina. In addition to 7,000 single-family homes, the development will house more than 4,000 multifamily units, 100 acres of commercial space and multiple other outdoor features and uses, all of which are designed to meet the needs of Collin County's rapidly growing population. Posted on August 31, 2022 by Taylor Williams in Market Reports, Texas, Texas Market Reports Search …Content Partners ‣ Arbor Realty Trust ‣ Bohler ‣ Lee & Associates ‣ Lument ‣ NAI Global ‣ Northmarq ‣ Pavlov Media ‣ Walker & Dunlop OCT 20 InterFace Seniors Housing Midwest 2022 NOV 2 InterFace Salt Lake City Industrial 2022 NOV 2 InterFace Salt Lake City Multifamily 2022 NOV 15 InterFace Healthcare Real Estate Southeast 2022 NOV 16 InterFace Nashville Multifamily 2022 Search …Home Conferences Magazines Newsletters Media Solutions Home Midwest Northeast Southeast Texas Western Property Type Features Videos France Media 39 10/19/2022 Item DS1. Jim Breitenfeld, Sidecar Commercial Real Estate By Jim Breitenfeld, CCIM, president, Sidecar Commercial Real Estate While Collin County continues to see massive residential projects in markets like Anna, Celina and Melissa, as well as major redevelopments of existing shopping and dining destinations, a closer look at the region’s economic drivers reveals a signi cant shift in the types of industries that are driving demand for new commercial projects. Housing remains a critical need for all of North Texas, one of the fastest-growing regions in the country. With that comes demand for revamped retail, restaurant and entertainment options that include a healthy mix of necessity and luxury users, as well as some basic demand for o ce space. The latter is already well-supported via the swaths of corporate relocations and regional workforce consolidations that have occurred in the area over the past ve to 10 years. But those needs are fairly germane to any area that is experiencing rapid and substantial job and population growth. In addition to this activity, we now see new types of commercial tenants targeting Collin County. These include life sciences/biotech, supply chain/logistics and specialized healthcare uses. According to data supplied by the U.S. Bureau of Labor Statistics and analyzed and published in the Sidecar Industry Insights’ Collin County Market Report, Collin County’s labor force at the end of 2021 totaled approximately 582,000 people and its’ economic base* was distributed amongst 192 industries (by six-digit NAICS code). Industry Breakdown The top four emerging industries in the trade area based on local shift share — de ned as change in local industry employment that is contributing to or detracting from total local employment growth — are as follows: securities brokerage, nonresidential poured foundation contractors, freight transportation arrangement and kidney dialysis centers. REC E NT FEATU RES REC E NT MAR KE T R E PORTS Seniors Housing Occupancy Rate Rebounds to 82.2 Percent After Fifth Consecutive Quarterly Increase Walker & Dunlop: Affordable Housing’s Appeal Grows for Investors Conventional Multifamily Players Look to Acquire, Convert Off-Campus Student Housing Properties Walker & Dunlop: Small Balance Lending Presents New Financing Option for Turbulent Market Battle Over Rent Control Continues in Localities Nationwide Rents, Developments, Interest Rise in Boise’s Industrial Market Lack of Multifamily Supply in Chicago NOV 30 InterFace Seniors Housing Northeast 2022 DEC 1 InterFace Multifamily Southeast 2022 DEC 7 LeaseCon/TurnCon 2022 RE A D TH E DIGI TAL EDI TIONS Home Midwest Northeast Southeast Texas Western Property Type Features Videos France Media 40 10/19/2022 Item DS1. These industries in Collin County experienced employment growth ranging from 68.5 percent to 262.2 percent between 2017 and 2020, while none of these industries exceeded 7.5 percent employment growth nationally during the same period. Each of these industries continues to add jobs today. Real estate developers have responded to demand from these new user types with a multitude of projects. A review of property data compiled by CoStar Group reveals numerous proposed projects and sites under construction. Large regional and national developers with active healthcare projects in Collin County include Harrod Healthcare Real Estate, which has a development at Spring Creek Parkway and Parkwood Boulevard in Plano; Dallas-based Caddis, whose Frisco Medical Pavilion II is underway in North Frisco; and Kansas City-based VanTrust Real Estate, which is developing Phase II of a larger medical o ce project within the Craig Ranch master-planned community in McKinney. Local developers such as Wynmark Commercial and Hu man Builders are also active in bringing new properties to the market. One example of Wynmark’s proposed construction to meet the needs of healthcare users is an 18,000-square-foot medical o ce building located at the northeast quadrant of Panther Creek Parkway and Hillcrest Road in Frisco. With a typical oor size of 9,000 square feet and rents starting at $30 per square foot on a triple-net basis, the project will add a ordable, exible space for both o ce and medical users. Construction is expected to begin in December, with occupancy scheduled for the third quarter of 2023. Space in this and other Wynmark and Hu man projects can also be purchased as condo units, o ering a unique alternative for companies and practitioners that want to own their locations. For fast-growing Melissa, Melissa Wellness Village is a proposed project that will add roughly 75,000 square feet of space to the local supply across six buildings. In terms of supply chain/logistics, as well as other subcategories of industrial tenancy, there’s no shortage of development activity to meet Collin County’s ever-growing demand. Blue Star Land, the development and holding company of Jerry Jones, continues to build out The Star Business Park in north Frisco, with two Market Is Catalyst for High Rents Lenders Continue to Fuel Multifamily Development Boom in Northern Dallas Suburbs Remote Work Prompts Flight to Quality, High Urban Vacancies for Louisville Office Market New 76ers Arena Has Game-Changing Potential Home Midwest Northeast Southeast Texas Western Property Type Features Videos France Media 41 10/19/2022 Item DS1. buildings proposed in the near future. Ranging in size from 76,480 to 132,054 square feet, the facilities are designed to meet the needs of users with varying size requirements. Supported by the growing regional importance of McKinney National Airport and rapid development along the State Highway 121 corridor, McKinney has several projects with multiple buildings each for industrial space seekers, including McKinney National Business Park, McKinney Airport Trade Center and McKinney 121. Other projects worth monitoring within the industrial space that show multiple buildings proposed or planned include 121 Technology Park in Allen; Lookout Logistics Center in Richardson; Wylie Logistics Park; Anna Industrial Park; and Prosper Business Park. The latter two developments are good ts for smaller industrial users. Other emerging industries that are seeing strong employment growth throughout Collin County are largely tied to residential development — electrical wiring and equipment providers, roo ng contractors, title insurance carriers and lumber wholesalers. This nding comes as little surprise. The region o ers a healthy supply of land for development in attractive suburban settings that appeal to residents who no longer require a commute into Dallas, as well as those who work within the various fast-growing o ce clusters throughout Plano, Frisco and McKinney. — This article originally appeared int he August 2022 issue of Texas Real Estate Business magazine. *Economic base: The industries were analyzed for their concentrations and contribution in the local economy to determine the economic base. Base industries are identi ed by nding industries with positive basic employment. Industries that meet this criterion produce goods and services beyond the needs of the local market, and therefore bring capital into the local market. Base industries may also be referred to as export industries with the remaining industries referred to as support industries. The support industries involve locally produced and consumed goods and services. Home Midwest Northeast Southeast Texas Western Property Type Features Videos France Media 42 10/19/2022 Item DS1. Previous Black n Sells Pressley South End Apartments in Charlotte for $78M Next Bed Bath & Beyond to Close 150 Stores, Cut Sta , Restructure Debt Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here. Top Stories Market Reports Kroger Agrees to Acquire Albertsons in $24.6B Merger of Grocery Giants Thompson Thrift Breaks Ground on 1 MSF Elliot Tech Center Mixed-Use Campus in Mesa, Arizona Puttshack Raises $150M in Growth Capital, Unveils Expansion Plans Rents, Developments, Interest Rise in Boise’s Industrial Market Lack of Multifamily Supply in Chicago Market Is Catalyst for High Rents Lenders Continue to Fuel Multifamily Development Boom in Northern Dallas Suburbs Remote Work Prompts Flight to Quality, High Urban Vacancies for Louisville Office Market Home Midwest Northeast Southeast Texas Western Property Type Features Videos France Media 43 10/19/2022 Item DS1. © 2021 France Publications. All rights reserved.France Media Inc. is parent company of InterFace Conference Group. Home Midwest Northeast Southeast Texas Western Property Type Features Videos France Media 44 10/19/2022 Item DS1. Wylie Economic Development Board AGENDA REPORT Page 1 of 1 Meeting Date: October 19, 2022 Item Number: DS2 Prepared By: Jason Greiner Account Code: Date Prepared: October 14, 2022 Exhibits: Subject Update from the Subcommittee of the Board to review and recommend any modifications to the existing bylaws of the Corporation. Recommendation No action is requested by staff for this item. Discussion Staff will lead a discussion regarding the Subcommittee’s progress and provide an update at the meeting. 45 10/19/2022 Item DS2.