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05-17-2023 (WEDC) Agenda Packet Wylie Economic Development Corporation Board Regular Meeting May 17,2023 —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 individual, six minutes for a group.In addition,Board is not allowed to converse, deliberate or take action on any matter presented during citizen participation. CONSENT AGENDA All matters listed under the Consent Agenda are considered to be routine by the Board and will be enacted by one motion. There will not be separate discussion of these items.If discussion is desired, that item will be removed from the Consent Agenda and will be considered separately. A. Consider and act upon approval of Minutes from the April 19, 2023 Regular Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the April 2023 WEDC Treasurer's Report. REGULAR AGENDA 1. Consider and act upon drainage improvements at Regency Business Park. 2. Consider and act upon a gas main extension at State Hwy 78/Eubanks. DISCUSSION ITEMS DS 1. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,Upcoming Events, and WEDC Activities/Programs. 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 544/Cooper, FM 544/Sanden, FM 1378/Parker, Jackson/Oak, Regency/Steel, State Hwy 78/Ballard, and State Hwy 78/Brown. Page 11 1 Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. This chapter does not require a governmental body to conduct an open meeting: (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay,or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision(1). ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for Projects: 2017-6a, 2021-5a, 2021-6a, 2021-6c, 2021-8a, 2021-9b, 2021-9f, 2022-1c, 2022-7b,2023-1a, 2023-2d, 2023-3b,2023-4c, and 2023-5a. 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 May 12,2023 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 required,then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open.Meetings Act,Texas Government Code § 551.001 et. seq.,will be held by the Board at the date,hour and place given in this notice as the Board may conveniently meet in such closed or executive meeting or session or consult with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act, including, but not limited to,the following sanctions and purposes: Texas Government Code Section: § 551.071 —Private consultation with an attorney for the City. § 551.072—Discussing purchase, exchange,lease or value of real property. § 551.073—Discussing prospective gift or donation to the City. § 551.074—Discussing personnel or to hear complaints against personnel. Page 12 2 § 551.076—Discussing deployment of security personnel or devices or security audit. § 551.087—Discussing certain economic development matters. Page 13 3 05/17/2023 Item A. Minutes Wylie Economic Development Corporation Board of Directors Meeting April 19, 2023—7:30 A.M. WEDC Offices—Conference Room 250 S Hwy 78—Wylie, TX 75098 CALL TO ORDER Announce the presence of a Quorum Vice President Melisa Whitehead called the meeting to order at 7:41 a.m. Board Members present were Gino Mulliqi,Blake Brininstool, and Aaron Jameson. Ex-Officio Member Mayor Matthew Porter was 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 Angel Wygant gave the invocation and led the Pledge of Allegiance. COMMENTS ON NON-AGENDA ITEMS Staff recognized this as the last official WEDC Board meeting for Gino Mulliqi. Staff and Board Members thanked Board Member Mulliqi for his commitment to the WEDC and the community. He expressed his appreciation to staff for their hard work and acknowledged the Board for the work that they have been able to accomplish in the past five years. With no citizen participation or additional comments, Vice President Melisa Whitehead moved to Consent Agenda. CONSENT AGENDA All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and will be enacted by one motion. There will not be a separate discussion of these items. If discussion is desired, that item will be removed from the Consent Agenda and will be considered separately. A. Consider and act upon approval of Minutes from the March 22, 2023 Regular Meeting,April 3, 2023 Special Called Meeting,and the April 11,2023 Special Called Meeting of the WEDC Board of Directors. B. Consider and act upon approval of the March 2023 WEDC Treasurer's Report. Board Action A motion was made by Gino Mulliqi, seconded by Blake Brininstool, to approve the Consent Agenda as presented.A vote was taken, and the motion passed 4-0. REGULAR AGENDA 4 05/17/2023 Item A. WEDC—Minutes April 19, 2023 Page 2 of 5 1. Consider and act upon issues surrounding the disposition of WEDC property located at 605 Commerce and 908 Kirby. Staff Comments Staff discussed the next stages of development for the FM 544 Gateway project, which requires demolition of the buildings at 605 Commerce/908 Kirby and removal of trees at 908 Kirby. Demolition is a budgeted item; however, tree removal was not originally accounted for in cost estimation. Staff indicated that the dollar amount in the proposed motion would account for both demolition and tree removal. Board Action A motion was made by Blake Brininstool, seconded by Aaron Jameson, to award a contract to Intercon Demolition in the amount of$170,000 and further authorize the Executive Director to execute any and all necessary documents. A vote was taken,and the motion passed 4-0. 2. Consider and act upon drainage improvements at Regency Business Park. Staff Comments Staff noted issues with drainage at Regency Business Park and the need for grading improvements in order to re-grade ditches and clean silt/debris out of culverts. Once these improvements are completed, a survey of Regency Business Park can proceed. Staff recommended that this item be tabled until the updated cost estimates are received for the project. The Board further discussed similar improvements that have been made before and simply agreed that the EDC director should proceed with the project if the amount does not exceed$35,000. Board Action A motion was made by Gino Mulliqi to approve the WEDC Executive Director to enter into a contract with Kimley Horn in regard to the Regency Business Park drainage improvements and to execute all necessary documents in an amount not to exceed$35,000.Melisa Whitehead made a motion,affirmed by Gino Mulliqi and seconded by Blake Brininstool,to amend,strike out Kimley Horn from the motion,and approve the amended motion.A vote was taken,and the motion passed 4-0. Board President Demond Dawkins arrived during discussion of Item 3 at 7:57 a.m. 3. Consider and act upon issues surrounding a Market Analysis/Feasibility Study. Staff Comments Staff discussed the City's 19 AC site on.FM 544 and previous evaluations of development strategies that have been considered over the last 10 years. Staff reviewed the option to hire an outside/independent firm to evaluate future development options and provide actionable market insights and recommendations based on a comprehensive market study.This study would need to take into consideration the expectations and input from the WEDC Board, City Council, and citizens concerning what they would like to see developed there. Staff recommended that this item be tabled for further discussion and direction from City Council until Staff has received cost estimations for a market analysis/feasibility study. Board Action A motion was made by Blake Brininstool, seconded by Melisa Whitehead,to table this item. A vote was taken,and the motion passed 5-0. DISCUSSION ITEMS 5 05/17/2023 Item A. WEDC—Minutes April 19, 2023 Page 3 of 5 DS1. Discuss issues surrounding the FY 2023-2024 WEDC Budget. Staff Comments Staff provided an overview of the FY 2023-2024 budget cycle, noting that there are two WEDC Board Meetings scheduled before the Budget Work Session with City Council on July 11,2023. Staff noted that any Board Members wishing to meet to provide input and discuss budget details in more depth are free to do so.Board Members Aaron Jameson,Melisa Whitehead,and Blake Brininstool expressed interest in meeting for additional budget detail conversations. Staff then discussed the request that the City of Wylie, Wylie Chamber of Commerce,and the WEDC are exploring to create an event coordinator position. This position would work directly between all three entities by integrating marketing and communication efforts.The Board inquired if this would be a full-time budgeted staff member for WEDC and who would manage that employee. Staff confirmed that it is being considered because of the work that the WEDC does with all the entities involved, but this would still be subject to City Council approval. The Board requested that Staff bring back numbers showing how a new event coordinator position and a new WEDC staff member would impact the budget and the WEDC. DS2. Discussion regarding ICSC events. Staff Comments Staff noted that Retail Coach and Retail Strategies hold webinars each year for those individuals who are preparing for an ICSC event to provide information about ICSC and event expectations.ICSC Las Vegas is now only a two-day event, with one day for networking. Mayor Porter requested a list of the retailers that the WEDC is working with currently. The Board requested to be provided with a list, similar to the folder provided from last year's ICSC event, of who the targets are and what land is available. Mayor Porter mentioned finding end users and having generic space plans laid out for available properties to be developed. Staff mentioned ICSC Red River in Dallas and the Retail Live event in Austin for Board Members to rotate their attendance throughout the year. DS3. Discussion regarding WEDC Bylaws. Staff Comments Staff provided an update to the Board regarding the April llth City Council meeting to review the proposed Bylaw amendments. Staff discussed the creation of the WEDC to serve in a capacity that city government is unable to and what distinguishes the WEDC from the City of Wylie. Staff and the Board discussed a variety of questions that were brought up at the City Council Meeting including governance, who has authority over the Executive Director, who the WEDC staff reports to, WEDC staff status as employees of the City of Wylie, a standard of ethics, and Board Member term limits. Staff discussed a joint meeting with the attorney between City Council and the WEDC Board to discuss where things are currently, legal requirements, any necessary changes, and what the Board and the Council want to see. Mayor Porter discussed conducting the joint meeting in June once new City Council Members/WEDC Board Members are in place to review with the attorney and discuss the creation of an agreement between both entities to answer and address all questions. Staff and the Board discussed previous review of these same issues, the function of a Type A Economic Development Corporation, and the need for final clarification of these matters. DS4. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report,Upcoming Events,and WEDC Activities/Programs. Staff Comments 6 05/17/2023 Item A. WEDC—Minutes April 19, 2023 Page 4 of 5 Staff referred the Board to the Agenda Report provided in the packet for all updates related to the WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Regarding drainage for the 544 Gateway Project, Staff will provide drainage calculation and site plan information when it is available. EXECUTIVE SESSION Recessed into Closed Session at 9:26 a.m.in compliance with Section 551.001,et.seq.Texas Government Code, to wit: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. ESl. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper,FM 544/Sanden,FM 1378/Parker,Jackson/Oak,Regency/Steel,State Hwy 78/Alanis, State Hwy 78/Ballard,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: 2021-2d, 2021-5a, 2021-6a, 2021-6c,2021-8a,2021-9b,2021-9f,2022-1b,2022-1c,2022-7b,2022-10d,2023-la,2023-1b,2023- lc,2023-Id,2023-2d,2023-3a,2023-3b,2023-4a. Board Member Blake Brininstool left at 10:05 a.m. RECONVENE INTO OPEN SESSION Take any action as a result of the Executive Session. President Dawkins reconvened into Open Session at 10:07 a.m. and the Board took the following actions: Board Action A motion was made by Melisa Whitehead, seconded by Aaron Jameson, to authorize the Wylie EDC to enter into a Performance Agreement with Dank Real Estate and/or Deanan Popcorn in an amount not to exceed $30,000. The incentive will be paid out in two(2)payments: • Incentive#1,upon proof of infrastructure investment and installation,building inspectors approval and proof of 1 new job by 10/2/23,the company is entitled to receive 50%of the total incentive. • Incentive#2,upon proof of infrastructure investment and installation,building inspector approval and proof of 3 new jobs by 10/1/24,the company is entitled to receive 50%of the total incentive. A vote was taken,and the motion passed 4-0. Board Action A motion was made by Aaron Jameson, seconded by Gino Mulliqi,to authorize the Wylie EDC to enter into a Performance Agreement with JOLT Printing&Embroidery in an amount not to exceed$7,000. The Incentive will be paid out in one(1)payment: • Incentive #1, upon proof of CO, proof of employment, and proof of relocation costs, the company will receive a reimbursement incentive in the amount of$7,000. 7 05/17/2023 Item A. WEDC—Minutes April 19, 2023 Page 5 of 5 A vote was taken,and the motion passed 4-0. Board Action A motion was made by Gino Mulliqi, seconded by Melisa Whitehead, to authorize the sale of Lot 2, Block A, 544 Gateway Addition, a 1.565-acre lot located on West Kirby Street in the amount of$1,295,256.60 further authorizing the WEDC Board President and/or his designee 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 10:10 a.m. Demond Dawkins,President ATTEST: Jason Greiner,Executive Director 8 05/17/2023 Item B. Wylie Economic Development Board AGENDA REPORT Meeting Date: May 17, 2023 Item Number: B Prepared By: Jason Greiner Account Code: Date Prepared: May 12, 2023 Exhibits: 4 Subject Consider and act upon approval of the April 2023 WEDC Treasurer's Report. Recommendation Motion to approve the April 2023 WEDC Treasurer's Report. Presented for the Board's review and approval is the April 2023 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. REVENUES: Sales Tax Revenue earned in February allocated in April,was $310,050.94, an increase of 16.66%over the same period in 2022. SALE OF PROPERTY: $420,336 6.52 acres Alanis(2200 W Alanis) EXPENSES: Incentives $5,000 Luv-Ross (Incentive 2 of 2) Special Services-Real Estate $26,785 Brown/Eubanks Drainage Improvements Page 1 of 1 9 05/17/2023 Item B. EC IC April Rev/Exp Report I IIVELOP E T Account Summary For Fiscal: 2022-2023 Period Ending: 04/30/2023 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue Category:400-Taxes 111 4000 40210 SALES TAX 4,124,241.00 4,124,241.00 310,050.94 1,811,222.49 -2,313,018.51 56.08% Category:400-Taxes Total: 4,124,241.00 4,124,241.00 310,050.94 1,811,222.49 -2,313,018.51 56.08% Category:430-Intergovernmental 111 4000 4.3',18 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 279,047.05 279,047.05 0.00% Category:430-Intergovernmental Total: 0.00 0.00 0.00 279,047.05 279,047.05 0.00% Category:460-Interest Income 111 4000 46110 ALLOCATED INTEREST EARNINGS 6,000.00 6,000.00 0.00 154,958.98 148,958.98 2,582.65% Category:460-Interest Income Total: 6,000.00 6,000.00 0.00 154,958.98 148,958.98 2,482.65% Category:480-Miscellaneous Income 111 4000 48110 RENTAL INCOME 134,220.00 134,220.00 17,010.00 74,667.68 -59,552.32 44.37% 111 4000 48410 MISCELLANEOUS INCOME 0.00 0.00 0.00 1,000.00 1,000.00 0.00% 111 4000 48430 GAIN/(LOSS)SALE OF CAP ASSETS 3,915,685.00 3,915,685.00 -3,123.00 -24,603.10 -3,940,288.10 100.63% Category:480-Miscellaneous Income Total: 4,049,905.00 4,049,905.00 13,887.00 51,064.58 -3,998,840.42 98.74% Revenue Total: 8,180,146.00 8,180,146.00 323,937.94 2,296,293.10 -5,883,852.90 71.93% Expense Category:510-Personnel Services 111 5611-51110 SALARIES 310,346.40 310,346.40 24,768.90 185,112.23 125,234.17 40.35% 111 5611-51130 OVERTIME 0.00 0.00 0.00 1,275.57 -1,275.57 0.00% 111 5611 51140 LONGEVITY PAY 914.00 914.00 0.00 916.00 -2.00 -0.22% 111 5611 51110 TMRS 48,245.30 48,245.30 3,839.18 29,163.85 19,081.45 39.55% 111 5611 51410 HOSPITAL&LIFE INSURANCE 51,987.17 51,987.17 4,099.36 29,193.34 22,793.83 43.85% 111 5611-51420 LONG-TERM DISABILITY 1,768.97 1,768.97 0.00 328.48 1,440.49 81.43% 1)1 5611 51440 FICA 19,298.12 19,298.12 1,404.42 10,807.00 8,491.12 44.00% 111 5611 51450 MEDICARE 4,513.27 4,513.27 328.44 2,527.47 1,985.80 44.00% 111 5611 51470 WORKERS COMP PREMIUM 854.85 1,089.21 118.68 1,088.89 0.32 0.03% 1)1 5611 51480 UNEMPLOYMENT COMP(TWC) 1,080.00 1,080.00 0.00 35.98 1,044.02 96.67% Category:510-Personnel Services Total: 439,008.08 439,242.44 34,558.98 260,448.81 178,793.63 40.70% Category:520-Supplies 111 5611-52010 OFFICE SUPPLIES 5,000.00 5,000.00 74.87 1,148.26 3,851.74 77.03% 111 5611 52040 POSTAGE&FREIGHT 300.00 300.00 0.00 212.90 87.10 29.03% 111 5611-52810 FOOD SUPPLIES 3,000.00 3,000.00 331.61 1,427.07 1,572.93 52.43% Category:520-Supplies Total: 8,300.00 8,300.00 406.48 2,788.23 5,511.77 66.41% Category:540-Materials for Maintenance 111 5611-54610 FURNITURE&FIXTURES 2,500.00 2,500.00 0.00 0.00 2,500.00 100.00% 111 5611 54810 COMPUTER HARD/SOFTWARE 7,650.00 7,650.00 0.00 0.00 7,650.00 100.00% Category:540-Materials for Maintenance Total: 10,150.00 10,150.00 0.00 0.00 10,150.00 100.00% Category:560-Contractual Services 111 5611-56030 INCENTIVES 3,209,183.00 1,209,183.00 5,000.00 510,775.10 698,407.90 57.76% 111 5611 56040 SPECIAL SERVICES 34,770.00 34,620.00 2,850.00 11,290.00 23,330.00 67.39% 111 5611 56041 SPECIAL SERVICES-REAL ESTATE 276,300.00 276,300.00 32,971.37 57,612.73 218,687.27 79.15% 111 5613 56042 SPECIAL SERVICES-INFRASTRUCTURE 8,375,000.00 9,875,000.00 0.00 9,281.46 9,865,718.54 99.91% 111 5611 56080 ADVERTISING 129,100.00 129,100.00 12,620.00 66,543.43 62,556.57 48.46% 111 5611 56090 COMMUNITY DEVELOPMENT 54,950.00 54,950.00 358.20 38,884.71 16,065.29 29.24% 111 5611 56110 COMMUNICATIONS 7,900.00 7,900.00 310.00 2,668.21 5,231.79 66.23% 111 5611 56180 RENTAL 27,000.00 27,000.00 2,250.00 15,750.00 11,250.00 41.67% 111 5611 56210 TRAVEL&TRAINING 73,000.00 73,000.00 541.77 43,527.98 29,472.02 40.37% 111 5611 56250 DUES&SUBSCRIPTIONS 57,824.00 57,824.00 3,773.16 47,702.60 10,121.40 17.50% 5/8/7023 11.40,59 AM Page 1 of 4 10 05/17/2023 Item B. Budget Report For Fiscal:2022-2023 Perio. n.mg: I, I I Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining 111 5611 56310 INSURANCE 6,303.00 6,453.00 303.00 6,449.31 3.69 0.06% 111 5611-56510 AUDIT&LEGAL SERVICES 23,000.00 23,000.00 0.00 7,312.50 15,687.50 68.21% 111 5611 56570 ENGINEERING/ARCHITECTURAL 87,500.00 587,500.00 66,014.11 141,422.80 446,077.20 75.93% 1)1 5611 56610 UTILITIES-ELECTRIC 2,400.00 2,400.00 145.45 1,392.78 1,007.22 41.97% Category:560-Contractual Services Total: 12,364,230.00 12,364,230.00 127,137.06 960,613.61 11,403,616.39 92.23% Category:570-Debt Service&Capital Replacement 111 5611-57410 PRINCIPAL PAYMENT 575,973.97 575,973.97 48,076.48 333,111.28 242,862.69 42.17% 111 5611 57415 INTEREST EXPENSE 656,023.67 656,023.67 54,589.99 385,554.01 270,469.66 41.23% Category:570-Debt Service&Capital Replacement Total: 1,231,997.64 1,231,997.64 102,666.47 718,665.29 513,332.35 41.67% Category:580-Capital Outlay 111 5611358110 LAND-PURCHASE PRICE 2,090,000.00 2,090,000.00 0.00 345,441.57 1,744,558.43 83.47% 111 5611 58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 -345,441.57 345,441.57 0.00% Category:580-Capital Outlay Total: 2,090,000.00 2,090,000.00 0.00 0.00 2,090,000.00 100.00% Expense Total: 16,143,685.72 16,143,920.08 264,768.99 1,942,515.94 14,201,404.14 87.97% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -7,963,539.72 -7,963,774.08 59,168.95 353,777.16 8,317,551.24 104.44% Report Surplus(Deficit): -7,963,539.72 -7,963,774.08 59,168.95 353,777.16 8,317,551.24 104.44% 7.023 11 40 59 AM Page 3 of 4 11 05/17/2023 Item B. Budget Report For Fiscal:2022-2023 Perio. n.mg: I, I 1 Group Summary Variance Original Current Period Fiscal Favorable Percent Categor... Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund:111-WYLIE ECONOMIC DEVEL CORP Revenue 400-Taxes 4,124,241.00 4,124,241.00 310,050.94 1,811,222.49 -2,313,018.51 56.08% 430-Intergovernmental 0.00 0.00 0.00 279,047.05 279,047.05 0.00% 460-Interest Income 6,000.00 6,000.00 0.00 154,958.98 148,958.98 2,482.65% 480-Miscellaneous Income 4,049,905.00 4,049,905.00 13,887.00 51,064.58 -3,998,840.42 98.74% Revenue Total: 8,180,146.00 8,180,146.00 323,937.94 2,296,293.10 -5,883,852.90 71.93% Expense 510-Personnel Services 439,008.08 439,242.44 34,558.98 260,448.81 178,793.63 40.70% 520-Supplies 8,300.00 8,300.00 406.48 2,788.23 5,511.77 66.41% 540-Materials for Maintenance 10,150.00 10,150.00 0.00 0.00 10,150.00 100.00% 560-Contractual Services 12,364,230.00 12,364,230.00 127,137.06 960,613.61 11,403,616.39 92.23% 570-Debt Service&Capital Replacement 1,231,997.64 1,231,997.64 102,666.47 718,665.29 513,332.35 41.67% 580-Capital Outlay 2,090,000.00 2,090,000.00 0.00 0.00 2,090,000.00 100.00% Expense Total: 16,143,685.72 16,143,920.08 264,768.99 1,942,515.94 14,201,404.14 87.97% Fund:111-WYLIE ECONOMIC DEVEL CORP Surplus(Deficit): -7,963,539.72 -7,963,774.08 59,168.95 353,777.16 8,317,551.24 104.44% Report Surplus(Deficit): -7,963,539.72 -7,963,774.08 59,168.95 353,777.16 8,317,551.24 104.44% 5/8/2023 11:40:59 AM Page 3 of 4 12 05/17/2023 Item B. Budget Report For Fiscal:2022-2023 Perio. n.mg: I, I . Fund Summary Variance Original Current Period Fiscal Favorable Fund Total Budget Total Budget Activity Activity (Unfavorable) 111-WYLIE ECONOMIC DEVEL COR -7,963,539.72 -7,963,774.08 59,168.95 353,777.16 8,317,551.24 Report Surplus(Deficit): -7,963,539.72 -7,963,774.08 59,168.95 353,777.16 8,317,551.24 5/8/'023 11 40 59 AM Page 4 of 4 13 05/17/2023 Item B. Wylie Economic Development Corporation Statement of Net Position As of April 30, 2023 Assets Cash and cash equivalents $ 12,044,089.54 Receivables $ 120,000.00 Note 1 Inventories $ 16,006,005.00 Prepaid Items $ - Total Assets $ 28,170,094.54 Deferred Outflows of Resources Pensions $ 67,748.55 Total deferred outflows of resources $ 67,748.55 Liabilities Accounts Payable and other current liabilities $ 6,785.13 Unearned Revenue $ 1,200.00 Note 2 Non current liabilities: Due within one year $ 305,026.79 Note 3 Due in more than one year $ 15,621,027.23 Total Liabilities $ 15,934,039.15 Deferred Inflows of Resources Miscellaneous $ (100,000.00) Pensions $ (84,717.41) Total deferred inflows of resources $ (184,717.41) Net Position Net investment in capital assets $ - Unrestricted $ 12,119,086.53 Total Net Position $ 12,119,086.53 Note 1: Includes incentives in the form of forgivable loans for$20,000(LUV-ROS) and$100,000(Glen Echo) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$32,301 14 05/17/2023 Item B. WYLI E E � " ° " Balance Sheet Account Summary As Of 04/30/2023 Account Name Balance Fund:111-WYLIE ECONOMIC DEVEL CORP Assets CLAIM ON CASH AND CASH EQUIV. 12,014,656.23 111-1000-10115 CASH-WEDC-INWOOD 0.00 11.1400040135 ESCROW 0.00 111-1000-10.130 DEPOSITS 2,000.00 111 1000-10198 OTHER-MISC CLEARING 0.00 111-100040341 TEXPOOL 0.00 111-100010343 LOGIC 0.00 111-1000-1.0481 INTEREST RECEIVABLE 0.00 111-1000-11511 ACCTS REC-MISC 0.00 1.1-1000-1'15 17 ACCTS REC-SALES TAX 0.00 111-1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 111-1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 B1 1000 12996 LOAN RECEIVABLE 0.00 1.11-1000-1.2997 ACCTS REC-JTM TECH 0.00 11.14000-12998 ACCTS REC-FORGIVEABLE LOANS 120,000.00 111-1010141122 INVENTORY-MATERIAL/SUPPLY 0.00 111-1000-141.16 INVENTORY-LAND&BUILDINGS 16,006,005.00 111-1000-14118 INVENTORY-BAYCO/SANDEN BLVD 0.00 1 1-1p90-14310 PREPAID EXPENSES-MISC 0.00 1111.000-14410 DEFERRED OUTFLOWS 233,434.00 Total Assets: 28,376,095.23 28,376,095.23 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 0.00 111-2000-201.16 HEALTH INSUR PAY-EMPLOYEE 899.57 111-2000-20117 TMRS PAYABLE 5,569.17 111-2000-20118 ROTH IRA PAYABLE 0.00 111-2000-20119 WORKERS COMP PAYABLE 0.00 111 2 000-2 01.20 FICA PAYABLE 0.00 111-2000-20121 TEC PAYABLE 0.00 1:11-•2000-20122 STUDENT LOAN LEVY PAYABLE 0.00 111-2000-20123 ALIMONY PAYABLE 0.00 111-2000-20124 BANKRUPTCY PAYABLE 0.00 111-2000-20:125 VALIC DEFERRED COMP 0.00 111-2000-20126 ICMA PAYABLE 0.00 111-2000-20127 EMP.LEGAL SERVICES PAYABLE 0.00 111-2 000--2013 0 FLEXIBLE SPENDING ACCOUNT 5,787.36 111-2000-20131 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 90.02 111-2000-20199 MISC PAYROLL PAYABLE 0.00 111-2 000-20 201 AP PENDING 0.00 111-2000-2021.0 ACCOUNTS PAYABLE 0.00 111-2000-20530 PROPERTY TAXES PAYABLE 0.00 111-2000-20540 NOTES PAYABLE 233,434.00 111-2000-20810 DUE TO GENERAL FUND 0.00 5/8/2023 1.:40:29 AM Pdgc 1 vt 3 15 05/17/2023 Item B. Balance Sheet 's 8 I # I Account Name Balance 111 2000-222711 DEFERRED INFLOW 100,000.00 2noo 22275 DEF INFLOW-LEASE PRINCIPAL 0.00 111 2000 22 Z80 DEFERRED INFLOW-LEASE INT 0.00 111 2000 22915 RENTAL DEPOSITS 1,200.00 Total Liability: 346,992.13 Equity 111 300C)34110 FUND BALANCE-RESERVED 0.00 111 3000 34000 FUND BALANCE-UNRESERV/UNDESIG 27,675,325.94 Total Beginning Equity: 27,675,325.94 Total Revenue 2,296,293.10 Total Expense 1,942,515.94 Revenues Over/Under Expenses 353,777.16 Total Equity and Current Surplus(Deficit): 28,029,103.10 Total Liabilities,Equity and Current Surplus(Deficit): 28,376,095.23 16 05/17/2023 Item B. Balance Sheet s 8 I # I Account Name Balance Fund:922-GEN LONG TERM DEBT(WEDC) Assets Total Assets: 0.00 0.00 Liability 922 2000)8248 GOVCAP LOAN/SERIES 2022 7,817,937.04 Total Liability: 7,817,937.04 Total Equity and Current Surplus(Deficit): 0.00 Total Liabilities,Equity and Current Surplus(Deficit): 7,817,937.04 ***FUND 922 OUT OF BALANCE*** -7,817,937.04 s**warning:Account Authorization is turned on. Please run the Unauthorized Account Listing Report to see if you are out of balance due to missing accounts 17 05/17/2023 Item B. Wylie Economic Development Corporation SALES TAX REPORT April 30,2023 BUDGETED YEAR DIFF % DIFF MONTH FY 2020 FY 2021 FY 2022 FY 2023 22 vs.23 22 vs. 23 DECEMBER $ 226,663.94 $ 235,381.33 $ 263,577.66 $ 338,726.54 $ 75,148.88 28.51% JANUARY $ 218,520.22 $ 262,263.52 $ 326,207.92 $ 368,377.73 $ 42,169.80 12.93% FEBRUARY $ 362,129.18 $ 456,571.35 $ 417,896.79 $ 480,381.11 $ 62,484.32 14.95% MARCH $ 228,091.34 $ 257,187.91 $ 305,605.50 $ 313,686.17 $ 8,080.67 2.64% APRIL $ 203,895.57 $ 221,881.55 $ 265,773.80 $ 310,050.94 $ 44,277.14 16.66% MAY $ 289,224.35 $ 400,371.70 $ 401,180.20 JUNE $ 239,340.35 $ 290,586.92 $ 343,371.26 JULY $ 296,954.00 $ 314,559.10 $ 331,432.86 AUGUST $ 325,104.34 $ 390,790.76 $ 429,696.16 SEPTEMBER $ 259,257.89 $ 307,681.15 $ 337,512.61 OCTOBER $ 249,357.02 $ 326,382.38 $ 346,236.36 NOVEMBER $ 384,953.89 $ 411,813.32 $ 392,790.84 Sub-Total $ 3,283,492.09 $ 3,875,470.98 $ 4,161,281.96 $ 1,811,222.49 $ 232,160.82 15.14% Total $ 3,283,492.09 $ 3,875,470.98 $ 4,161,281.96 $ 1,811,222.49 $ 232,160.82 15.14% C Sales Tax n lysis $600,000 $500,000 $400,000 $300,000 2022 2023 $200,000 $100,000 $0 Q G Q. L32' �1 ***Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months. Example:April SlsTx Revenue is actually February SlsTx and is therefore the 5th allocation in FY23. 18 05/17/20231tem 1. Wylie Economic Development Board AGENDA REPORT Meeting Date: May 17, 2023 Item Number: 1 Prepared By: Jason Greiner Account Code: Date Prepared: May 12, 2023 Exhibits: Subject Consider and act upon drainage improvements at Regency Business Park. Recommendation Motion to award a contract with Zachary Construction Services, LLC in the amount of$61,218.75 and further authorize the Executive Director to execute any and all necessary documents. Discussion As the Board will recall, the Board approved drainage improvements at Regency Business Park in an amount not to exceed$35,000 at the April 19,2023 Board Meeting.However,cost estimates for this project have exceeded the approved amount. This item is being brought back to the Board for consideration and review. As a reminder, these improvements are needed to address issues with drainage at Regency Business Park and to make grading improvements in order to re-grade ditches and clean silt/debris out of culverts. Similar to Eubanks Lane, these improvements need to be made prior to performing a flood study in the areas. Page 1 of 1 19 .' 05/17/2023 Item 2. Wylie Economic Development Board AGENDA REPORT Meeting Date: May 17, 2023 Item Number: 2 Prepared By: Jason Greiner Account Code: Date Prepared: May 12, 2023 Exhibits: Subject Consider and act upon issues surrounding a gas main extension at State Hwy 78/Eubanks. Recommendation Motion to award the contract to in the amount of$ and further authorize the Executive Director to execute any and all necessary documents. Discussion As the Board will recall, the WEDC has been exploring options to extend natural gas service north to various developments along Hwy 78. For the last several months, WEDC Staff has been working with Atmos Gas to design a possible Natural Gas Loop that would serve properties from Brown Street and Eubanks Lane, north up to Hwy 78 and then east all the way over to Kreymer Lane. The proposed alignment will serve Squire Business Park and then run immediately adjacent to the 40 AC site on the SEC of Hwy 78 and Eubanks. The line will then be extended under Hwy 78 over to the Fuel City property and then turn east and run in front of the Public Safety Building and Walmart to serve the remainder of the commercial properties along the north side of 78. Staff has received five bids for the installation of approximately 5200 feet of 4" high density poly IP gas main and is prepared to lead a discussion during the meeting. Additionally, Staff has met with both the engineering team at Kimley Horn and the utility provider to confuiu that the scope of the project and the bids received accurately depict the necessary installation and project requirements. Page 1 of 20 05/17/2023 Item DS1. Wylie Economic Development Board AGENDA REPORT Meeting Date: May 17, 2023 Item Number: DS1 Prepared By: Jason Greiner Account Code: Date Prepared: May 12, 2023 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 • Tenants at 605 Commerce Suites, 201 & 204 have vacated the spaces. Public Safety training has taken place at these locations. Tenant at 605 Commerce, Suite 200 and 908 Kirby is vacating premises. • Utility disconnections are in progress for all properties. • Testing for asbestos at these locations has been completed. No asbestos was found at 908 Kirby, however, Asbestos was found in one of the Commerce Suites in the floor mastic. Staff will provide updates regarding remediation procedures as they become available. • Demolition contract is being finalized, as approved by the WEDC Board. • Leasehold information and the property listing agreement will be discussed at a future WEDC Board Meeting. Downtown Parking: • KH coordinating with Union Pacific to flag utilities and obtain design survey for concept layouts. • Detention will be needed either above ground or underground beneath each parking lot. • KH to prepare an IPO for survey and conceptual design of parking/detention concepts after additional info is received. Downtown Property Concepts: • KH preparing concept layouts for 300 Brown Street and 404/406 South Ballard. Engineering Report: Design&Engineering-FM 544/Cooper—Kimley Horn(KH) Page 1 of'i 21_ 05/17/2023 Item DS1. • Initial comments have been received from the City. KH is redesigning the drainage/storm sewer to allow for regional detention on Lot 4.Need to confirm Lot 2 northern property boundary prior to completing final design on detention. Coordination ongoing. • KH preparing concept plans for the remaining lots. • Completion Date: Mid-2023 • The next step is construction bids and award of contract. Water Line Relocation- State Hwy 78/Brown—Dowager Construction • NTMWD completed the final walk thru last week and has begun processing the final payment. It will go to the NTMWD Board on 5/25/23 and the project is anticipated to be completely closed out by the end of May. Environmental- State Hwy 78 &Brown—Elm Creek(EC) • The APAR has been completed. EC has a crew scheduled to come out to the site and plug the remaining wells on 5/19. Planned Development-Cooper Plaza- State Hwy 78 &Brown • Waiting on grading details and detention calculations. • Still waiting on Final TxDOT approvals and permitting • Completion Date: Mid-2023 • The next step is construction bids and award of contract. Flood Study-Hooper/Steel/Regency Business Park(KH) • Pending board approval, the grading improvements will begin soon. It will include the re-grade of the ditches and clean silt/debris out of culverts. Survey will not be kicked off until this work is completed. • KH is working on concepts for site layouts for the properties that front FM 544. WEDC lot at the intersection will likely be used for regional detention(pending results of the drainage study). • KH is preparing OPCC costs for the drainage improvements. • Completion Date: Mid 2023 Flood Study, Tree Survey,Water& Sewer Extension- State Hwy 78/Alanis(KH) • Received plan approval from the City. • Plans will be submitted to NTMWD this week. • Ongoing coordination with Larry Nelson on the proposed drainage and sanitary sewer easement. The easement documents have been prepared and the easements have been staked. Staff is coordinating with the Nelson's to get the documents executed. Flood Study- Sanden/City's 19-acre Property(KH) • Preliminary budget number for the flood study=$205,000 • KH to provide scope and fee for a flood study from the Sanden property north to FM 544 BRE Updates: • 2 BRE visits were conducted in April • Staff attended the Wylie ISD Build your Future Career Day -April 4 • Staff participated in the Texas Education Agency Career and Technical Education listening tour for industry and educators. This tour was associated with legislative session efforts through TEA to strengthen CTE programs for both ISDs and Employers. • Staff met with the newly hired Collin College staff member, Jewel Coats. Jewel is dedicated to employer engagement, apprenticeships, and education programs focused on employer input to support engagement with Collin College. • Registered Apprenticeship Program-reviewed final draft of Registered Apprenticeship Program skills requirements for the electrical industry and worked with local employers to finalize the language and 22 05/17/2023 Item DS1. requirements. This program is nearing certification with the Department of Labor. A consortium of employers is being identified for inclusion in the RAP program for rollout this summer. Wylie ISD will launch the electrical trade pathway for Wylie High School students and WEDC efforts are focused upon bringing employers into the program for the launch of a youth apprenticeship program in Wylie. Additional WEDC Activities/Programs in Review: • Staff attended two Groundbreakings—Lovett Industrial and Slate Commercial • Staff attended Leadership Wylie in collaboration with Leadership Allen/Fairview • Staff attended Oklahoma University Economic Development Institute-April 23-27 o Marketing&Attraction,Managing EDO's, Trends in Economic Development • Sales tax revenues for the month of May are up 8.4% • Overall sales tax revenues for FY23 are up 14.02% Upcoming Events: • ICSC Las Vegas-May 21-23 • Chamber of Commerce Women's Conference-June 9 • Wylie's 4th Annual Juneteenth Celebration-June 17 • TEDC Mid-Year Conference-June 21-23 • Bluegrass on Ballard-June 24 • Reception for Outgoing Board/Commission Members-June 27 • City of Wylie Fourth of July Fireworks-July 2 • Ethiopian Sports Federation Soccer Tournament-July 2-8 • Budget Work Session with City Council-July 11 • Final Budget Work Session with City Council-July 25 • Please see the attached Marketing Calendar for the full list of upcoming events. 23 4111 05/17/2023 Item DS1. 2023 April Board Meeting-19tn Day Time Meeting/Event 4 8:30 am WDMA Meeting 4 Wylie ISD—Build Your Future Career Day 6 Wylie/Lovett Industrial Groundbreaking CLOSED Good Friday 11 Wylie/Slate Groundbreaking 11 6:00 pm City Council 19 7:30 am WEDC—Board Meeting 20 6:00 pm Chamber Awards Banquet 23-27 OU EDI-RH 25 6:00 pm City Council—Small Business Week Proclamation 27 5:01 pm 5:01 PM Professional Networking—TNT Sachse 2023 May Board Meeting-<17th Day Time Meeting/Event 1-7 Small Business Week&#iShopWylie campaign 1 11:00 am SBW—Taste of Wylie—Olde City Park 2 8:30-9:30 am WDMA Meeting 2 5:00-7:00 pm SBW—Social Media Rescue—Herman Marshall 4 6:30 am Christian Prayer Breakfast of Collin County 4 5:00-7:00 pm SBW—Picnic on Ballard—Welcome Center at Brown House 5 SBW—Cinco De Mayo 6 4:00-6:00 pm SBW—Bourbon & Bridles—Texas Therapeutic Center 7 1:00-5:00 pm SBW—Pedal Car Race 8-12 Economic Development Week 9 6:00 pm City Council-Economic Development Week Proclamation/Recognition 9 5:30 pm Reception for Outgoing Council Member 15 City of Wylie Boards&Commissions Application Deadline 15 11:30 am Collin County Business Alliance State of the Business Luncheon 17 7:30 am WEDC—Board Meeting 21-23 ICSC 2023 Las Vegas—Las Vegas—mp,jf,bp,dd,mw,jg 23 11:00 am Wylie Chamber of Commerce Luncheon- Leadership Wylie Class 19 Graduation CLOSES ) em ria Hoh ay and eu oria1 Du Ceremony at Oki City Park, 30 6:00 pm City Council Meeting 2023 June Board Meeting-215t Day Time Meeting/Event 2 5:00-10:00 pm Chamber of Commerce Cornhole Tournament 6 8:30-9:30 am WDMA Meeting 9 9:00-2:00 pm Chamber of Commerce—3rd Annual East Collin County Women's Conference 11-13 IEDC Economic Future Forum—Calgary 13 6:00 pm City Council 21 8:30 am WEDC-Board Meeting 17 Wylie 4th Annual Juneteenth Celebration—Olde City Park 21-23 TEDC Mid-Year Conference—Allen,TX—Everyone-Sponsor 24 Bluegrass on Ballard—Historic Downtown Wylie/Olde City Park 27 5:30 pm Reception for Outgoing Board/Commission Members 27 6:00 pm City Council 24 05/17/2023 Item DS1. Around the Corner... • City of Wylie Fourth of July Fireworks—July 2 • Soccer Event—Wylie,TX,July 2—July 8 • Budget Work Session with City Council-July 11 • Final Budget Work Session with City Council-July 25 25