11-15-2022 (WEDC) Minutes ylie Economic Development Corporation
Boardirecors Meeting
November 15, 2022—7:30 A.M.
WEDC Offices—Conference Room
250 S Hwy 78Wylie, TX 7509
CALL T ' !E
Announce the presence of a Quorum
President Demond Dawkins called the meeting to order at 7:34 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-Offcio Member Mayor Matthew Porter arrived
at 7:38 a.m.
WEDC staff present included Executive Director Jason Greiner,BRE Director Angel Wygant, Senior Assistant
Rachael Hermes, and Administrative Assistant Marissa Butts.
INVOCATION OF ALLEGIANCE
President Dawkins gave the invocation and led the Pledge of Allegiance.
COTS ON NON-AGE I A ITEMS
With no citizen participation,President Dawkins moved to Executive Session.
EXECUTIVE SESSION
Recessed into Closed Session at 7:35 a.m.in compliance with Section 551.001,et.seq.Texas Government Code,
to wit:
See;551,072. DELIBE TING ' i;ING ' AL PROPERTY; CLOSED .
Sl. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM
137 rkr,FM 54 /Cooper,FM 544/Sanden,Jackson/ Regency/Steel,State Hwy 7 /Alis,
and State Hwy 7 row .
Sc ': 51.087. DELIBE TION BEGA' 1 ING ECONOMIC I NT NEGOTIATIONS;
CLOSED EE G.
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a
business prospect and to discuss the offer of incentives forProjects: 213-9 , 2017-6a, 2021-2d,
2021-5a,2 21-6 ,2 21-6c,2 21-8a, 21-9 , 21-9 , 2 -9 , 2 -1 ,2 21-12a,2 - b, 2-
4d,2022-7b,2022-7c,and 2022-9ff.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Dawkins reconvened into Open Session at 8:28 a.m. and the Board took the following actions:
WEDC Minutes
November 15, 2022
Page 2 of 3
Board Action
A motion was made by Gino Mulliqi, seconded by Blake Brininstool, to authorize the Executive Director to
execute a Performance Agreement between the Wylie EDC with CLF II IE JV,LLC(Project 2021-12a)in
an amount not to exceed$1.5MM.Upon proof of qualified infrastructure investment in excess of$1.3MM,proof
and acceptance of those improvements by the City of Wylie,proof of a Certificate of Completion on the 274,000
SF facility no later than 10/1/24,the company is entitled to receive three incentive payments. The Performance
Agreement is to be paid as follows:
• Incentive#1,upon proof of infrastructure investment,and Certificate of Completion,the company is entitled
to receive 34%of the total reimbursement incentive.
• Incentive#2,payable 12 months after CC,upon proof of CC,the company is entitled to receive 33%of the
total reimbursement incentive.
• Incentive #3, payable 24 months after CC, the company is entitled to receive the final 33% of the total
reimbursement incentive.
Incentive numbers two and three are also contingent upon proof of ongoing operations, and proof that the
company is current on taxes.The cumulative incentive cannot exceed$1.5MM.
A vote was taken,and the motion passed 5-0.
Board Action
A motion was made by Tim Gilchrist, seconded by Melisa itehead,to authorize the purchase of Lot 2R,
Replat, of Helmberger Industrial Park, a 3.6885-acre lot located in Regency Business Park in the amount of
$345,000 (plus all required closing costs), further authorizing the WEDC Board President to execute all
documentation necessary to effectuate the transaction.
A vote was taken,and the motion passed 5-0.
CONSENT AGE IA
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 theOctober 19, 2022 Regular Meeting oft e
WEDC Board of Directors.
B. Consider and act upon approval of the October 2022 WEDC Treasurer's Report.
Board Action
A motion was made by Gino Mulliqi, seconded by Tim Gilchrist,to approve the Consent Agenda as
presented. A vote was taken,and the motion passed 5-0.
DISCUSSION ITEMS
S1. Staff report: WEDC Property'Up"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 Update, Downtown Parking, Engineering Report, Upcoming Events, and WEDC
Activities/Programs.
WEDCMinutes
November 15, 2022
Page 3 of 3
S . Update from the Subcommittee of the Board to review n recommend ymodifications tot e
existing bylaws of the Corporation.
Staff is still waiting on drafts from legal and will bring back recommendations to the Board after meeting
again with the Subcommittee.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas
ADJOURNMENT
With no further business,President Dawkins adjourned the WEDCBoard meeting at 8:32 a.m.
Demond Dawkins,President
ATTEST: n.�. .w..
Jason Gi7inner,Ex u&fDirector
M