11-15-2022 (WEDC) Agenda Packet
P a g e | 1
Wylie Economic Development Corporation
Board Regular Meeting
November 15, 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 October 19, 2022 Regular Meeting of the WEDC Board
of Directors.
B. Consider and act upon approval of the October 2022 WEDC Treasurer's Report.
DISCUSSION ITEMS
DS1. Staff report: WEDC Property Update, 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 November 10, 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
October 19, 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 7:32 a.m. Board Members present were Melisa
Whitehead, Gino Mulliqi, Tim Gilchrist, and Blake Brininstool.
Ex-Officio Member City Manager Brent Parker was present. Ex-Officio Member Mayor Matthew Porter arrived
at 7:33 a.m.
WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, 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
With no citizen participation, President Dawkins moved to Consent Agenda.
CONSENT AGENDA _______
All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and
will be enacted by one motion. There will not be 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 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.
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. Staff report: WEDC Property Update, Temporary Access Agreements, 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 property
updates, downtown parking, engineering reports, upcoming events, and WEDC activities/programs.
Staff noted that the Collin Leadership Policy Summit is on November 16th and the Board agreed to move
the next WEDC Regular Board meeting to Tuesday, November 15th.
3
11/15/2022 Item A.
WEDC – Minutes
October 19, 2022
Page 2 of 2
DS2. Update from the Subcommittee of the Board to review and recommend any modifications to the
existing bylaws of the Corporation.
Staff referred the Board to the handouts provided to discuss the proposed amendments to be made to
the Bylaws and what modifications the attorneys are currently reviewing. The Board further discussed
term limits for Board members, staggering term limits for continuity, the Board’s choice of hire for
Executive Director position being communicated with City Council during Executive Session, moving
the annual meeting to the month of October, 75% required attendance of Board Members for regularly
scheduled meetings, and allowing the EDC Director to approve a maximum purchase amount of
$25,000. Staff will provide updates later for the Board to review.
EXECUTIVE SESSION
Recessed into Closed Session at 8:57 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, 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 of the Executive Session.
President Dawkins reconvened into Open Session at 9:53 a.m.
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 9:53 a.m.
__________________________________
Demond Dawkins, President
ATTEST:
__________________________________
Jason Greiner, Executive Director
4
11/15/2022 Item A.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 1
Meeting Date: November 15, 2022 Item Number: B
Prepared By: Jason Greiner Account Code:
Date Prepared: November 7, 2022 Exhibits: 4
Subject
Consider and act upon approval of the October 2022 WEDC Treasurer’s Report.
Recommendation
Motion to approve the October 2022 WEDC Treasurer’s Report.
Presented for the Board’s review and approval is the October 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, and Sales Tax Report.
Finance is working on final adjustments to accrue appropriate expenditures back to FY21-22. Staff anticipates that
numbers will be settled in the November reporting period.
REVENUES:
Sales Tax Revenue earned in August allocated in October, was $346,236.36, an increase of 6.08% over the same period
in 2021.
5
11/15/2022 Item B.
11/7/2022 3:01:01 PM Page 1 of 4
October Rev/Exp Report
Account Summary
For Fiscal: 2022-2023 Period Ending: 10/31/2022
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 4,124,241.00 0.00 -4,124,241.00 100.00 %0.00111-4000-40210 4,124,241.00
Category: 400 - Taxes Total:0.000.004,124,241.00 4,124,241.00 -4,124,241.00 100.00%
Category: 460 - Interest Income
ALLOCATED INTEREST EARNINGS 6,000.00 0.00 -6,000.00 100.00 %0.00111-4000-46110 6,000.00
Category: 460 - Interest Income Total:0.000.006,000.00 6,000.00 -6,000.00 100.00%
Category: 480 - Miscellaneous Income
RENTAL INCOME 134,220.00 0.00 -134,220.00 100.00 %0.00111-4000-48110 134,220.00
GAIN/(LOSS) SALE OF CAP ASSETS 3,915,685.00 0.00 -3,915,685.00 100.00 %0.00111-4000-48430 3,915,685.00
Category: 480 - Miscellaneous Income Total:0.000.004,049,905.00 4,049,905.00 -4,049,905.00 100.00%
Revenue Total:0.000.008,180,146.00 8,180,146.00 -8,180,146.00 100.00%
Expense
Category: 510 - Personnel Services
SALARIES 310,346.40 13,361.33 296,985.07 95.69 %13,361.33111-5611-51110 310,346.40
OVERTIME 0.00 333.39 -333.39 0.00 %333.39111-5611-51130 0.00
LONGEVITY PAY 914.00 0.00 914.00 100.00 %0.00111-5611-51140 914.00
TMRS 48,245.30 2,122.69 46,122.61 95.60 %2,122.69111-5611-51310 48,245.30
HOSPITAL & LIFE INSURANCE 51,987.17 4,164.04 47,823.13 91.99 %4,164.04111-5611-51410 51,987.17
LONG-TERM DISABILITY 1,768.97 61.07 1,707.90 96.55 %61.07111-5611-51420 1,768.97
FICA 19,298.12 774.95 18,523.17 95.98 %774.95111-5611-51440 19,298.12
MEDICARE 4,513.27 181.25 4,332.02 95.98 %181.25111-5611-51450 4,513.27
WORKERS COMP PREMIUM 854.85 970.21 -115.36 -13.49 %970.21111-5611-51470 854.85
UNEMPLOYMENT COMP (TWC)1,080.00 0.00 1,080.00 100.00 %0.00111-5611-51480 1,080.00
Category: 510 - Personnel Services Total:21,968.9321,968.93439,008.08 439,008.08 417,039.15 95.00%
Category: 520 - Supplies
OFFICE SUPPLIES 5,000.00 532.26 4,467.74 89.35 %532.26111-5611-52010 5,000.00
POSTAGE & FREIGHT 300.00 0.00 300.00 100.00 %0.00111-5611-52040 300.00
FOOD SUPPLIES 3,000.00 249.37 2,750.63 91.69 %249.37111-5611-52810 3,000.00
Category: 520 - Supplies Total:781.63781.638,300.00 8,300.00 7,518.37 90.58%
Category: 540 - Materials for Maintenance
FURNITURE & FIXTURES 2,500.00 0.00 2,500.00 100.00 %0.00111-5611-54610 2,500.00
COMPUTER HARD/SOFTWARE 7,650.00 974.24 6,675.76 87.26 %974.24111-5611-54810 7,650.00
Category: 540 - Materials for Maintenance Total:974.24974.2410,150.00 10,150.00 9,175.76 90.40%
Category: 560 - Contractual Services
INCENTIVES 3,209,183.00 37,069.00 3,172,114.00 98.84 %37,069.00111-5611-56030 3,209,183.00
SPECIAL SERVICES 34,770.00 3,369.21 31,400.79 90.31 %3,369.21111-5611-56040 34,770.00
SPECIAL SERVICES-REAL ESTATE 276,300.00 0.00 276,300.00 100.00 %0.00111-5611-56041 276,300.00
SPECIAL SERVICES-INFRASTRUCTURE 8,375,000.00 0.00 8,375,000.00 100.00 %0.00111-5611-56042 8,375,000.00
ADVERTISING 129,100.00 3,000.00 126,100.00 97.68 %3,000.00111-5611-56080 129,100.00
COMMUNITY DEVELOPMENT 54,950.00 5,019.83 49,930.17 90.86 %5,019.83111-5611-56090 54,950.00
COMMUNICATIONS 7,900.00 293.74 7,606.26 96.28 %293.74111-5611-56110 7,900.00
RENTAL 27,000.00 0.00 27,000.00 100.00 %0.00111-5611-56180 27,000.00
TRAVEL & TRAINING 73,000.00 6,145.40 66,854.60 91.58 %6,145.40111-5611-56210 73,000.00
DUES & SUBSCRIPTIONS 57,824.00 17,197.46 40,626.54 70.26 %17,197.46111-5611-56250 57,824.00
INSURANCE 6,303.00 6,146.31 156.69 2.49 %6,146.31111-5611-56310 6,303.00
AUDIT & LEGAL SERVICES 23,000.00 1,210.00 21,790.00 94.74 %1,210.00111-5611-56510 23,000.00
ENGINEERING/ARCHITECTURAL 87,500.00 0.00 87,500.00 100.00 %0.00111-5611-56570 87,500.00
6
11/15/2022 Item B.
Budget Report For Fiscal: 2022-2023 Period Ending: 10/31/2022
11/7/2022 3:01:01 PM Page 2 of 4
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
Activity
Original
Total Budget
UTILITIES-ELECTRIC 2,400.00 249.87 2,150.13 89.59 %249.87111-5611-56610 2,400.00
Category: 560 - Contractual Services Total:79,700.8279,700.8212,364,230.00 12,364,230.00 12,284,529.18 99.36%
Category: 570 - Debt Service & Capital Replacement
PRINCIPAL PAYMENT 575,973.97 24,184.89 551,789.08 95.80 %24,184.89111-5611-57410 575,973.97
INTEREST EXPENSE 656,023.67 22,754.96 633,268.71 96.53 %22,754.96111-5611-57415 656,023.67
Category: 570 - Debt Service & Capital Replacement Total:46,939.8546,939.851,231,997.64 1,231,997.64 1,185,057.79 96.19%
Category: 580 - Capital Outlay
LAND-PURCHASE PRICE 2,090,000.00 0.00 2,090,000.00 100.00 %0.00111-5611-58110 2,090,000.00
Category: 580 - Capital Outlay Total:0.000.002,090,000.00 2,090,000.00 2,090,000.00 100.00%
Expense Total:150,365.47150,365.4716,143,685.72 16,143,685.72 15,993,320.25 99.07%
Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):-150,365.47-150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 98.11%
Report Surplus (Deficit):-150,365.47 -150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 98.11%
7
11/15/2022 Item B.
Budget Report For Fiscal: 2022-2023 Period Ending: 10/31/2022
11/7/2022 3:01:01 PM 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 0.000.004,124,241.00 4,124,241.00 -4,124,241.00 100.00%
460 - Interest Income 0.000.006,000.00 6,000.00 -6,000.00 100.00%
480 - Miscellaneous Income 0.000.004,049,905.00 4,049,905.00 -4,049,905.00 100.00%
0.000.008,180,146.00 8,180,146.00 -8,180,146.00Revenue Total:100.00%
Expense
510 - Personnel Services 21,968.9321,968.93439,008.08 439,008.08 417,039.15 95.00%
520 - Supplies 781.63781.638,300.00 8,300.00 7,518.37 90.58%
540 - Materials for Maintenance 974.24974.2410,150.00 10,150.00 9,175.76 90.40%
560 - Contractual Services 79,700.8279,700.8212,364,230.00 12,364,230.00 12,284,529.18 99.36%
570 - Debt Service & Capital Replacement 46,939.8546,939.851,231,997.64 1,231,997.64 1,185,057.79 96.19%
580 - Capital Outlay 0.000.002,090,000.00 2,090,000.00 2,090,000.00 100.00%
150,365.47150,365.4716,143,685.72 16,143,685.72 15,993,320.25Expense Total:99.07%
-150,365.47-150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):98.11%
Report Surplus (Deficit):-150,365.47 -150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25 98.11%
8
11/15/2022 Item B.
Budget Report For Fiscal: 2022-2023 Period Ending: 10/31/2022
11/7/2022 3:01:01 PM 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 -150,365.47-150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25
Report Surplus (Deficit):-150,365.47 -150,365.47-7,963,539.72 -7,963,539.72 7,813,174.25
9
11/15/2022 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of October 31, 2022
Assets
Cash and cash equivalents 10,897,775.51$
Receivables 51,500.00$ Note 1
Inventories 16,271,495.53$
Prepaid Items ‐$
Total Assets 27,220,771.04$
Deferred Outflows of Resources
Pensions 75,630.55$
Total deferred outflows of resources 75,630.55$
Liabilities
Accounts Payable and other current liabilities 16,958.48$
Unearned Revenue 1,200.00$ Note 2
Non current liabilities:
Due within one year 570,778.21$ Note 3
Due in more than one year 15,681,473.23$
Total Liabilities 16,270,409.92$
Deferred Inflows of Resources
Pensions (45,385.41)$
Total deferred inflows of resources (45,385.41)$
Net Position
Net investment in capital assets ‐$
Unrestricted 10,980,606.26$
Total Net Position 10,980,606.26$
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
10
11/15/2022 Item B.
11/7/2022 2:57:47 PM Page 1 of 3
Balance Sheet
Account Summary
As Of 10/31/2022
Account Name Balance
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Assets
111-1000-10110 CLAIM ON CASH AND CASH EQUIV.10,591,943.82
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 346,236.36
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 16,271,495.53
111-1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00
111-1000-14310 PREPAID EXPENSES - MISC 0.00
111-1000-14410 DEFERRED OUTFLOWS 683,934.00
27,935,609.71Total Assets:27,935,609.71
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 5,972.30
111-2000-20117 TMRS PAYABLE 5,273.68
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 10,562.24
111-2000-20131 EDWARD JONES DEFERRED COMP 0.00
111-2000-20132 EMP CARE FLITE 12.00
111-2000-20133 Unemployment Comp Payable 0.01
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 0.00
111-2000-20210 ACCOUNTS PAYABLE 0.00
111-2000-20530 PROPERTY TAXES PAYABLE 0.00
111-2000-20540 NOTES PAYABLE 683,934.00
111-2000-20810 DUE TO GENERAL FUND 0.00
11
11/15/2022 Item B.
Balance Sheet As Of 10/31/2022
11/7/2022 2:57:47 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
707,165.93Total Liability:
Equity
111-3000-34110 FUND BALANCE - RESERVED 0.00
111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 27,378,809.25
27,378,809.25Total Beginning Equity:
0.00Total Revenue
150,365.47Total Expense
-150,365.47Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):27,935,609.71
27,228,443.78Total Equity and Current Surplus (Deficit):
12
11/15/2022 Item B.
Balance Sheet As Of 10/31/2022
11/7/2022 2:57:47 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 -24,184.89
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
16,272,902.62Total Liability:
Equity
922-3000-34590 FUND BALANCE-UNRESERV/UNDESIG -16,146,578.37
922-3000-35900 UNRESTRICTED NET POSITION -120,264.00
-16,266,842.37Total Beginning Equity:
0.00Total Revenue
-24,184.89Total Expense
24,184.89Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):30,245.14
-16,242,657.48Total Equity and Current Surplus (Deficit):
13
11/15/2022 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$ 346,236.36$ 19,853.99$ 6.08%
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$ 3,768,491.12$ 304,833.46$ 10.54%
Total 2,920,137.37$ 3,283,492.09$ 3,875,470.98$ 3,768,491.12$ 304,833.46$ 10.54%
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example: October SlsTx Revenue is actually August SlsTx and is therefore the 11th allocation in FY22.
DIFF
21 vs. 22
% DIFF
21 vs. 22
Wylie Economic Development Corporation
SALES TAX REPORT
October 31, 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
14
11/15/2022 Item B.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 3
Meeting Date: November 15, 2022 Item Number: DS1
Prepared By: Jason Greiner Account Code:
Date Prepared: 11-9-22 Exhibits: 1
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 still 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 was to be reviewed by
HRC on October 27th, but the meeting was postponed due to lack of quorum. Meeting/Public Hearing was
rescheduled for November 17th, with P&Z review slated for December 6th and City Council review on January
10th.
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 rescheduled Historic Review Commission meeting on November 17th.
If approved, staff anticipates Police & Fire Training in Dec or Jan with demolition prior to February 1st.
Downtown Parking: - No Update
The new site plan was initially reviewed with Engineering, but the biggest issue is detention & drainage.
15
11/15/2022 Item DS1.
Page 2 of 3
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.
Ongoing coordination by KH with railroad to park in the excess ROW. KH to have expanded downtown
survey completed. 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.
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: early 2023
Water Line Relocation- State Hwy 78/Brown
Dowager has installed the new pipe and completed the boring under Brown St.
Dowager anticipates the shutdown Nov 16-17.
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. Sunbelt is scheduled to do the dig and haul of the contaminated
soil on Monday 11/21. We have also been assigned a new project manager with TCEQ and she is in the
process of reviewing the APAR.
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
Planned Development (Cooper Plaza)- State Hwy 78 & Brown
Public Hearing for the proposed zoning change from Commercial Corridor to Planned Development-
Commercial Corridor has been scheduled for November 15th at P&Z and December 13th at City Council.
Flood Study- Hooper/Steel (KH)
Cardinal flood study review is complete.
KH compiled recommendations on drainage/detentions improvements. Staff will review options and
recommendations with the Board and KH will provide additional modeling to staff.
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.
The tree staking and tree survey will start in the next few weeks.
16
11/15/2022 Item DS1.
Page 3 of 3
Upcoming Events:
Wylie Community Care Center Breakfast – Nov 15
Entrepreneur’s Expo – Nov 15
P&Z- PD Review: Hwy 78 & Brown – Nov 15
Collin Leadership Policy Summit – Nov 16
HRC Meeting – Nov 17
o Demolition: 200 W Brown
o Zoning Change: Keefer/UP lot
Chamber of Commerce Cornament – Nov 17
Please see the attached Marketing Calendar for the full list of upcoming events
WEDC Activities/Programs:
OU/Economic Development Institute- Rachael Hermes
o Credit Analysis
o Real Estate Development & Reuse
TEDC Annual Conference- Jason Greiner
Chamber of Commerce Luncheon featuring MFG/Wylie CTE - Oct 25
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 were scheduled for the remainder of the month.
o Registered Apprenticeship Program has been completed and certified by DOL. Signing Ceremony
took place on Nov 14.
Sales tax revenues for the month of November are down 4.62% due to an audit collections adjustment in the
amount of $179,533.05. (Without consideration of the adjustment, collections are still up 6.28% for the
month of November.)
Overall sales tax revenues for FY22 were up 9.28% or roughly $285,000 over last year.
17
11/15/2022 Item DS1.
2022 October ‐ Industry Appreciation Month Board Meeting – 19th
Day Time Meeting/Event
4 8:30 am WDMA Meeting‐ aw, dd
6 Leadership Wylie‐ WISD and Collin College‐ rh
7 Manufacturing Day – Robotics‐Welding Tours
7 4:00‐7:00 pm MFG Day Community Event, Sanden
11 6:00 pm City Council
15‐21 OU EDI Prof Dev‐ED Credit Analysis, Real Estate Dev & Reuse – Louisville ‐ rh
19 7:30 am WEDC‐ Board Meeting
19‐21 TEDC Annual Conference ‐ San Antonio – jg
19 Manufacturing Day – Compounding Pharmacy Tours
21 Manufacturing Day – Graphic Arts
22‐26 IAMC Fall 2022 Professional Forum‐ Detroit, MI
25 11:30 am Wylie Chamber of Commerce‐ MFG & Workforce Luncheon
25 6:00 pm City Council
26 Manufacturing Day – Construction Tours
28 TEDC‐ Sales Tax Workshop, Houston
2022 November Board Meeting ‐ 15th
Day Time Meeting/Event
1 8:30 am WDMA Meeting‐ aw
1‐4 TEDC 2022 Fall Basic Economic Development Course, Richardson‐ dd/mb
1‐4 TDA Annual Conference – San Marcos
8 6:00 pm City Council‐ Small Business Sat, Nat’l Apprenticeship Week, Nat’l Entrepreneur’s Day
10 Leadership Wylie‐ Non‐Profits‐ rh
10 10:00‐3:00 Red, White & YOU! Hiring Event‐ Plano Events Center
11 Veterans Day‐ City Holiday
14 10:00 am Raytheon Apprenticeship Signing Day‐aw
14‐20 National Apprenticeship Week
15 National Entrepreneur’s Day
15 7:30 am WEDC‐ Board Meeting
15 9:00 am Wylie Community Christian Care Center Breakfast
15 4:00 pm Entrepreneurs Expo
15 6:00 pm P&Z‐ PD Review: Hwy 78 & Brown
16 8:30‐1:00 pm Collin Leadership Policy Summit – Frisco
17 6:00 pm HRC Meeting‐Demolition: 200 W Brown & Zoning Change: Keefer/UP lot
17 6:00 pm Chamber of Commerce Cornament
24‐25 CLOSED Thanksgiving Holiday
26 Small Business Saturday
2022 December Board Meeting – 21st
Day Time Meeting/Event
1 6:00 pm Chamber of Commerce Winter Wonderland Elfin Gala
3 9am‐4pm Wylie Arts Festival‐ The Cross Event Center
4 6:00 pm Christmas Parade and Tree Lighting
6 8:30 am WDMA Meeting‐ aw, jg
6 6:00 pm P&Z‐ Zoning Change: Keefer
13 6:00 pm City Council
18
11/15/2022 Item DS1.
21 7:30 am WEDC‐ Board Meeting
23, 26 CLOSED Christmas Holiday
Around the Corner…
New Year’s Holiday Observed, Jan 2
Martin Luther King Jr. Holiday Observed, Jan 16
Wylie Days in Austin, February 6‐7
Project U in Burleson, February 21
WISD Education Foundation Boots ‘N BBQ Gala, March 18 at 6:00 pm
19
11/15/2022 Item DS1.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 1
Meeting Date: November 15, 2022 Item Number: DS2
Prepared By: Jason Greiner Account Code:
Date Prepared: November 7, 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.
20
11/15/2022 Item DS2.