07-19-2023 (WEDC) Agenda Packet
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Wylie Economic Development Corporation
Board Regular Meeting
July 19, 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 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 June 21, 2023 Regular Meeting of the WEDC Board of
Directors.
B. Consider and act upon approval of the June 2023 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon the approval of the FY 2023-2024 WEDC Budget.
2. Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the WEDC and
McClure Partners Construction Company.
DISCUSSION ITEMS
DS1. 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, Jackson/Oak, Regency/Steel, State Hwy 78/Ballard, and State Hwy 78/Brown.
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Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
(a) This chapter does not require a governmental body to conduct an open meeting:
(1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public
officer or employee; or
(2) to hear a complaint or charge against an officer or employee.
(b) Subsection (a) does not apply if the officer or employee who is the subject of the deliberation or hearing requests
a public hearing.
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: 2013-9a, 2021-2d, 2021-4c, 2021-5a, 2021-6c,
2021-9b, 2022-1b, 2022-1c, 2022-7b, 2022-10c, 2023-1a, 2023-1c, 2023-2d, 2023-3b, 2023-5b, 2023-6b,
2023-6c, 2023-6d, 2023-7a, 2023-7b, and 2023-7c.
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 July 14, 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:
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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.
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Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
June 21, 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
President Demond Dawkins called the meeting to order at 7:34 a.m. Board Members present were Blake
Brininstool and Aaron Jameson.
Ex-Officio Member Mayor Matthew Porter and Ex-Officio Member City Manager Brent Parker were present.
WEDC staff present included Executive Director Jason Greiner, Senior Assistant Rachael Hermes, and
Administrative Assistant Marissa Butts.
INVOCATION & PLEDGE OF ALLEGIANCE
Mayor Matthew Porter 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 May 17, 2023 Regular Meeting of the WEDC
Board of Directors.
B. Consider and act upon approval of the May 2023 WEDC Treasurer's Report.
C. Consider and act upon a Performance Agreement between the WEDC and Wylie Insurance
Agency, Inc.
Board Action
A motion was made by Aaron Jameson, seconded by Blake Brininstool, to approve the Consent Agenda
as presented. A vote was taken, and the motion passed 3-0.
REGULAR AGENDA
1. Consider and act upon issues surrounding Downtown Parking and Drainage Improvements.
Staff Comments
Staff discussed the ongoing coordination efforts with Kimley Horn for improved parking downtown and
detention that will be needed either above ground or underground beneath each parking lot. Staff
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confirmed that the contract provides for the engineering necessary to move forward with future
improvements for Downtown Parking and Drainage. An Individual Project Order (IPO) for professional
and engineering services for Downtown Parking and Drainage improvements has been provided for Board
consideration.
Board Action
A motion was made by Blake Brininstool, seconded by Aaron Jameson, to award the contract to Kimley-
Horn and Associates, Inc. in the amount of $43,500 and further authorize the Executive Director to
execute any and all necessary documents. A vote was taken, and the motion passed 3-0.
2. Consider and act upon issues surrounding Eubanks Easement and ROW Coordination.
Staff Comments
Staff discussed the May 17, 2023 Board approval of the installation of a gas main extension to serve
properties from Brown Street to Eubanks Lane, north up to Hwy 78 and then east to Kreymer Lane. The
contract provides for the engineering necessary to determine the ROW and provide the easement exhibits
needed for this project. Staff confirmed that there are no concerns from engineering regarding tying both
sides of the existing ROW and edge of pavement. An Individual Project Order (IPO) for professional and
engineering services for the Eubanks Easement and ROW Coordination has been provided for Board
consideration.
Board Action
A motion was made by Aaron Jameson, seconded by Blake Brininstool, to award the contract to Kimley-
Horn and Associates, Inc. in the amount of $23,125 and further authorize the Executive Director to
execute any and all necessary documents. A vote was taken, and the motion passed 3-0.
3. Consider and act upon issues surrounding Environmental Services on WEDC properties located at
the 544 Gateway Addition.
Staff Comments
Staff discussed the environmental cleanup efforts that have taken place over the past several years at the
location of the former Chemical Recycling Inc. facility at 802 W Kirby. The process of developing the
FM 544 Gateway property will require a detention pond to be installed at the location of this facility and
Braun Intertec has provided a proposal to provide limited oversight and environmental assistance during
the process of earthwork at the site.
Board Action
A motion was made by Blake Brininstool, seconded by Aaron Jameson, to award a contract to Braun
Intertec in the amount of $30,300 and further authorize the Executive Director to execute any and all
necessary documents. A vote was taken, and the motion passed 3-0.
4. Consider and act upon a Second Amendment to the Purchase and Sale Agreement between WEDC
and MLKJ Investments LLC.
Staff Comments
Staff noted that this Second Amendment provides a 45-day extension to the feasibility period of the
Purchase and Sale Agreement. Upon initial Board discussion, Staff then recommended that the Board
return to this Item after Executive Session.
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07/19/2023 Item A.
WEDC – Minutes
June 21, 2023
Page 3 of 5
5. Consider and act upon a First Amendment to the Performance Agreement between the WEDC and
Glen Echo Brewing.
Staff Comments
Staff noted that the First Amendment amends Section 1 and Section 2 of the Performance Agreement
allowing a 90-day extension and a modification to the economic assistance amount. Staff recommended
that the Board return to this Item after Executive Session.
DISCUSSION ITEMS ______
DS1. Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking,
Engineering Report, Upcoming Events, and WEDC Activities/Programs.
Staff Comments
Staff referred the Board to the Agenda Report provided in the packet for all updates related to the WEDC
Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, BRE
Updates, Upcoming Events, and WEDC Activities/Programs.
Staff recommended that the Board move to the Executive Session and return to Discussion Item 2 following
Executive Session.
EXECUTIVE SESSION
Recessed into Closed Session at 8:02 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
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. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
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, 2022-7c, 2023-1a, 2023-1c, 2023-
1d, 2023-2d, and 2023-3b.
Mayor Porter left at 9:56 am.
RECONVENE INTO OPEN SESSION
Take any action as a result of the Executive Session.
President Dawkins reconvened into Open Session at 10:01 a.m. and moved to Regular Agenda Items 4 and 5.
REGULAR AGENDA
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07/19/2023 Item A.
WEDC – Minutes
June 21, 2023
Page 4 of 5
4. Consider and act upon a Second Amendment to the Purchase and Sale Agreement between WEDC
and MLKJ Investments LLC.
Staff Comments
Staff noted that this Second Amendment allows a 45-day extension, giving the tenant at this location
additional time to move out and to wrap up their civil submittals to the City of Wylie. In the event that
more time is needed, a Third Amendment will be considered.
Board Action
A motion was made by Aaron Jameson, seconded by Blake Brininstool, to approve a Second Amendment
to the Purchase and Sale Agreement between the WEDC and MLKJ Investments LLC and further
authorize WEDC President or his designee to execute said agreement. A vote was taken, and the motion
passed 3-0.
5. Consider and act upon a First Amendment to the Performance Agreement between the WEDC and
Glen Echo Brewing.
Staff Comments
Staff reminded the Board that the original Performance Agreement outlined an $80,000 infrastructure
reimbursement associated with the cost of remodeling the building at 106 Birmingham. Due to
unanticipated expenses related to the building’s foundation and fire suppression system, staff discussed
consideration of a 90-day extension and increase of the Performance Agreement dollar amount from
$80,000 to $100,000. Staff discussed working with the city to install additional infrastructure closer to
the building.
Board Action
A motion was made by Blake Brininstool, seconded by Aaron Jameson, to approve a First Amendment
to the Performance Agreement between WEDC and Glen Echo Brewing, subject to City Council
Approval and further authorize the Executive Director to execute any and all necessary documents. A
vote was taken, and the motion passed 3-0.
President Dawkins moved to consider Discussion Item 2.
DISCUSSION ITEMS ______
DS2. Discussion regarding FY 2023-2024 WEDC Budget.
Staff Comments
Staff discussed the FY 23-24 WEDC Budget process and provided a high-level overview of FY 22-23
expenses in order to project the ending fund balance for the year. For this current FY, Staff anticipates an
ending fund balance of $10.3 MM. FY 23-24 Sales tax revenue is projecting a 10% increase at $4.5 MM.
Staff noted that the Board has discussed mitigating some of the costs associated with the maintenance of
rental properties. Accordingly, staff will budget for demolition of structures and provide notice to vacates
in order to market real estate as part of redevelopment and revitalization efforts. Staff reviewed the
anticipated revenues and expenditures for FY 23-24, with an anticipated ending fund balance of $2 MM.
Further budget review will take place by members of the Board on July 6, 2023 and initial City Council
review will take place on July 11, 2023. Final WEDC Board approval will take place on July 19, 2023
for inclusion at the last City Council Budget Work Session on July 25, 2023.
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WEDC – Minutes
June 21, 2023
Page 5 of 5
The Board then took the following action as a result of the Executive Session:
Board Action
A motion was made by Blake Brininstool, seconded by Aaron Jameson, to authorize the sale of Lot 6, Block A,
544 Gateway Addition, a 3.000-acre lot located on West Kirby Street in the amount of $650,000 (with $200,000
cash to close and a $450,000 promissory note) 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 3-0.
Board Action
A motion was made by Aaron Jameson, seconded by Blake Brininstool, to authorize the Executive Director to
execute a Performance Agreement between the Wylie EDC, Firewater Investments, LLC, and FWIRE, LLC
(Project 2021-6a) in an amount not to exceed $300,000. Upon proof of relocation, proof of capital investment in
excess of $1.5MM, and proof of Certificate of Occupancy on the 6,000 SF facility no later than 12-31-23, the
company is entitled to receive two incentive payments. The performance agreement is to be paid as follows:
Incentive #1, payable upon proof of CO, “proof of the relocation,” proof of a minimum of 10 new jobs,
and proof of $1.5MM in Capital Investment, the company will receive a reimbursement in the amount
of $200,000.
Incentive #2, payable 12 months after CO, and upon proof of ongoing operations, the company is
entitled to receive the final reimbursement incentive in the amount of $100,000.
Incentive numbers one and two are also contingent upon the company being current on all taxes.
The cumulative incentive cannot exceed $300,000 and is still subject to City Council Approval.
A vote was taken, and the motion passed 3-0.
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 10:15 a.m.
__________________________________
Demond Dawkins, President
ATTEST:
__________________________________
Jason Greiner, Executive Director
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07/19/2023 Item A.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 1
Meeting Date: July 19, 2023 Item Number: B
Prepared By: Jason Greiner Account Code:
Date Prepared: July 14, 2023 Exhibits: 6
Subject
Consider and act upon approval of the June 2023 WEDC Treasurer’s Report.
Recommendation
Motion to approve the June 2023 WEDC Treasurer’s Report.
Presented for the Board’s review and approval is the June 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, Sales Tax Report , Quarterly Inventory Subledger, and the Quarterly
Performance Agreement Summary.
REVENUES:
Sales Tax Revenue earned in April allocated in June, was $330,236.89, a decrease of 3.83% over the same period in 2022.
(This includes a -$12,438 audit adjustment. Without this adjustment, the revenue for the month is down 2.92%.)
EXPENSES:
Engineering/Architecture
$48,905.92 Elm Creek Environmental (Hwy 78/Brown)
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07/19/2023 Item B.
7/14/2023 8:30:06 AM Page 1 of 4
June Rev/Exp Report
Account Summary
For Fiscal: 2022-2023 Period Ending: 06/30/2023
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 2,576,337.71 -1,547,903.29 37.53 %330,236.89111-4000-40210 4,124,241.00
Category: 400 - Taxes Total:2,576,337.71330,236.894,124,241.00 4,124,241.00 -1,547,903.29 37.53%
Category: 430 - Intergovernmental
380 ECONOMIC AGREEMENTS 0.00 279,047.05 279,047.05 0.00 %0.00111-4000-43518 0.00
Category: 430 - Intergovernmental Total:279,047.050.000.00 0.00 279,047.05 0.00%
Category: 460 - Interest Income
ALLOCATED INTEREST EARNINGS 6,000.00 261,386.42 255,386.42 4,356.44 %36,913.53111-4000-46110 6,000.00
Category: 460 - Interest Income Total:261,386.4236,913.536,000.00 6,000.00 255,386.42 4,256.44%
Category: 480 - Miscellaneous Income
RENTAL INCOME 134,220.00 91,307.68 -42,912.32 31.97 %16,640.00111-4000-48110 134,220.00
MISCELLANEOUS INCOME 0.00 1,000.00 1,000.00 0.00 %0.00111-4000-48410 0.00
GAIN/(LOSS) SALE OF CAP ASSETS 3,915,685.00 -24,603.10 -3,940,288.10 100.63 %0.00111-4000-48430 3,915,685.00
Category: 480 - Miscellaneous Income Total:67,704.5816,640.004,049,905.00 4,049,905.00 -3,982,200.42 98.33%
Revenue Total:3,184,475.76383,790.428,180,146.00 8,180,146.00 -4,995,670.24 61.07%
Expense
Category: 510 - Personnel Services
SALARIES 310,346.40 246,999.57 63,346.83 20.41 %24,768.90111-5611-51110 310,346.40
OVERTIME 0.00 2,559.73 -2,559.73 0.00 %825.53111-5611-51130 0.00
LONGEVITY PAY 914.00 916.00 -2.00 -0.22 %0.00111-5611-51140 914.00
TMRS 48,245.30 39,037.07 9,208.23 19.09 %4,039.95111-5611-51310 48,245.30
HOSPITAL & LIFE INSURANCE 51,987.17 37,515.92 14,471.25 27.84 %2,049.68111-5611-51410 51,987.17
LONG-TERM DISABILITY 1,768.97 445.48 1,323.49 74.82 %0.00111-5611-51420 1,768.97
FICA 19,298.12 14,493.77 4,804.35 24.90 %1,550.34111-5611-51440 19,298.12
MEDICARE 4,513.27 3,389.67 1,123.60 24.90 %362.57111-5611-51450 4,513.27
WORKERS COMP PREMIUM 1,089.21 1,088.89 0.32 0.03 %0.00111-5611-51470 854.85
UNEMPLOYMENT COMP (TWC)1,080.00 35.98 1,044.02 96.67 %0.00111-5611-51480 1,080.00
Category: 510 - Personnel Services Total:346,482.0833,596.97439,008.08 439,242.44 92,760.36 21.12%
Category: 520 - Supplies
OFFICE SUPPLIES 5,000.00 1,564.96 3,435.04 68.70 %154.44111-5611-52010 5,000.00
POSTAGE & FREIGHT 300.00 212.90 87.10 29.03 %0.00111-5611-52040 300.00
FOOD SUPPLIES 3,000.00 1,732.91 1,267.09 42.24 %170.66111-5611-52810 3,000.00
Category: 520 - Supplies Total:3,510.77325.108,300.00 8,300.00 4,789.23 57.70%
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 1,975.00 5,675.00 74.18 %0.00111-5611-54810 7,650.00
Category: 540 - Materials for Maintenance Total:1,975.000.0010,150.00 10,150.00 8,175.00 80.54%
Category: 560 - Contractual Services
INCENTIVES 1,209,183.00 534,377.51 674,805.49 55.81 %0.00111-5611-56030 3,209,183.00
SPECIAL SERVICES 34,620.00 11,661.83 22,958.17 66.31 %157.50111-5611-56040 34,770.00
SPECIAL SERVICES-REAL ESTATE 276,300.00 63,360.03 212,939.97 77.07 %2,938.71111-5611-56041 276,300.00
SPECIAL SERVICES-INFRASTRUCTURE 9,875,000.00 9,281.46 9,865,718.54 99.91 %0.00111-5611-56042 8,375,000.00
ADVERTISING 129,100.00 85,063.43 44,036.57 34.11 %10,130.00111-5611-56080 129,100.00
COMMUNITY DEVELOPMENT 54,950.00 46,777.46 8,172.54 14.87 %831.16111-5611-56090 54,950.00
COMMUNICATIONS 7,900.00 3,722.04 4,177.96 52.89 %614.63111-5611-56110 7,900.00
RENTAL 27,000.00 18,000.00 9,000.00 33.33 %0.00111-5611-56180 27,000.00
TRAVEL & TRAINING 73,000.00 50,097.12 22,902.88 31.37 %4,442.54111-5611-56210 73,000.00
DUES & SUBSCRIPTIONS 57,824.00 49,968.20 7,855.80 13.59 %2,182.08111-5611-56250 57,824.00
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07/19/2023 Item B.
Budget Report For Fiscal: 2022-2023 Period Ending: 06/30/2023
7/14/2023 8:30:06 AM Page 2 of 4
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
Activity
Original
Total Budget
INSURANCE 6,453.00 6,449.31 3.69 0.06 %0.00111-5611-56310 6,303.00
AUDIT & LEGAL SERVICES 23,000.00 14,958.00 8,042.00 34.97 %3,240.50111-5611-56510 23,000.00
ENGINEERING/ARCHITECTURAL 587,500.00 203,885.40 383,614.60 65.30 %54,083.42111-5611-56570 87,500.00
UTILITIES-ELECTRIC 2,400.00 1,674.87 725.13 30.21 %141.73111-5611-56610 2,400.00
Category: 560 - Contractual Services Total:1,099,276.6678,762.2712,364,230.00 12,364,230.00 11,264,953.34 91.11%
Category: 570 - Debt Service & Capital Replacement
PRINCIPAL PAYMENT 575,973.97 429,758.56 146,215.41 25.39 %48,406.22111-5611-57410 575,973.97
INTEREST EXPENSE 656,023.67 494,239.67 161,784.00 24.66 %54,260.25111-5611-57415 656,023.67
Category: 570 - Debt Service & Capital Replacement Total:923,998.23102,666.471,231,997.64 1,231,997.64 307,999.41 25.00%
Category: 580 - Capital Outlay
LAND-PURCHASE PRICE 2,090,000.00 345,441.57 1,744,558.43 83.47 %0.00111-5611-58110 2,090,000.00
CONTRA CAPITAL OUTLAY 0.00 -345,441.57 345,441.57 0.00 %0.00111-5611-58995 0.00
Category: 580 - Capital Outlay Total:0.000.002,090,000.00 2,090,000.00 2,090,000.00 100.00%
Expense Total:2,375,242.74215,350.8116,143,685.72 16,143,920.08 13,768,677.34 85.29%
Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):809,233.02168,439.61-7,963,539.72 -7,963,774.08 8,773,007.10 110.16%
Report Surplus (Deficit):168,439.61 809,233.02-7,963,539.72 -7,963,774.08 8,773,007.10 110.16%
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07/19/2023 Item B.
Budget Report For Fiscal: 2022-2023 Period Ending: 06/30/2023
7/14/2023 8:30:06 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 2,576,337.71330,236.894,124,241.00 4,124,241.00 -1,547,903.29 37.53%
430 - Intergovernmental 279,047.050.000.00 0.00 279,047.05 0.00%
460 - Interest Income 261,386.4236,913.536,000.00 6,000.00 255,386.42 4,256.44%
480 - Miscellaneous Income 67,704.5816,640.004,049,905.00 4,049,905.00 -3,982,200.42 98.33%
3,184,475.76383,790.428,180,146.00 8,180,146.00 -4,995,670.24Revenue Total:61.07%
Expense
510 - Personnel Services 346,482.0833,596.97439,008.08 439,242.44 92,760.36 21.12%
520 - Supplies 3,510.77325.108,300.00 8,300.00 4,789.23 57.70%
540 - Materials for Maintenance 1,975.000.0010,150.00 10,150.00 8,175.00 80.54%
560 - Contractual Services 1,099,276.6678,762.2712,364,230.00 12,364,230.00 11,264,953.34 91.11%
570 - Debt Service & Capital Replacement 923,998.23102,666.471,231,997.64 1,231,997.64 307,999.41 25.00%
580 - Capital Outlay 0.000.002,090,000.00 2,090,000.00 2,090,000.00 100.00%
2,375,242.74215,350.8116,143,685.72 16,143,920.08 13,768,677.34Expense Total:85.29%
809,233.02168,439.61-7,963,539.72 -7,963,774.08 8,773,007.10Fund: 111 - WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):110.16%
Report Surplus (Deficit):168,439.61 809,233.02-7,963,539.72 -7,963,774.08 8,773,007.10 110.16%
12
07/19/2023 Item B.
Budget Report For Fiscal: 2022-2023 Period Ending: 06/30/2023
7/14/2023 8:30:06 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 809,233.02168,439.61-7,963,539.72 -7,963,774.08 8,773,007.10
Report Surplus (Deficit):168,439.61 809,233.02-7,963,539.72 -7,963,774.08 8,773,007.10
13
07/19/2023 Item B.
Wylie Economic Development Corporation
Statement of Net Position
As of June 30, 2023
Assets
Cash and cash equivalents 12,488,344.36$
Receivables 120,000.00$ Note 1
Inventories 16,006,005.00$
Prepaid Items -$
Total Assets 28,614,349.36$
Deferred Outflows of Resources
Pensions 67,748.55$
Total deferred outflows of resources 67,748.55$
Liabilities
Accounts Payable and other current liabilities 28,590.40$
Unearned Revenue 1,200.00$ Note 2
Non current liabilities:
Due within one year 208,379.51$ Note 3
Due in more than one year 15,621,027.23$
Total Liabilities 15,859,197.14$
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 12,638,183.36$
Total Net Position 12,638,183.36$
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
07/19/2023 Item B.
7/14/2023 8:29:37 AM Page 1 of 3
Balance Sheet
Account Summary
As Of 06/30/2023
Account Name Balance
Fund: 111 - WYLIE ECONOMIC DEVEL CORP
Assets
111-1000-10110 CLAIM ON CASH AND CASH EQUIV.12,486,344.36
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 120,000.00
111-1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00
111-1000-14116 INVENTORY - LAND & BUILDINGS 16,006,005.00
111-1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00
111-1000-14310 PREPAID EXPENSES - MISC 0.00
111-1000-14410 DEFERRED OUTFLOWS 228,434.00
28,842,783.36Total Assets:28,842,783.36
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 6,201.35
111-2000-20117 TMRS PAYABLE 8,652.03
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 7,462.32
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
111-2000-20201 AP PENDING 6,172.67
111-2000-20210 ACCOUNTS PAYABLE 0.00
111-2000-20530 PROPERTY TAXES PAYABLE 0.00
111-2000-20540 NOTES PAYABLE 228,434.00
111-2000-20810 DUE TO GENERAL FUND 0.00
15
07/19/2023 Item B.
Balance Sheet As Of 06/30/2023
7/14/2023 8:29:37 AM Page 2 of 3
Account Name Balance
111-2000-22270 DEFERRED INFLOW 100,000.00
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
358,224.40Total Liability:
Equity
111-3000-34110 FUND BALANCE - RESERVED 0.00
111-3000-34590 FUND BALANCE-UNRESERV/UNDESIG 27,675,325.94
27,675,325.94Total Beginning Equity:
3,184,475.76Total Revenue
2,375,242.74Total Expense
809,233.02Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):28,842,783.36
28,484,558.96Total Equity and Current Surplus (Deficit):
16
07/19/2023 Item B.
Balance Sheet As Of 06/30/2023
7/14/2023 8:29:37 AM Page 3 of 3
Account Name Balance
Fund: 922 - GEN LONG TERM DEBT (WEDC)
Assets
0.00Total Assets:0.00
Liability
922-2000-28248 GOVCAP LOAN/SERIES 2022 7,817,937.04
7,817,937.04Total Liability:
Total Liabilities, Equity and Current Surplus (Deficit):7,817,937.04
0.00Total Equity and Current Surplus (Deficit):
*** FUND 922 OUT OF BALANCE ***-7,817,937.04
***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
07/19/2023 Item B.
MONTH FY 2020 FY 2021 FY 2022 FY 2023
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$ 434,878.33$ 33,698.14$ 8.40%
JUNE 239,340.35$ 290,586.92$ 343,371.26$ 330,236.89$ (13,134.37)$ -3.83%
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$ 2,576,337.71$ 252,724.58$ 11.47%
Total 3,283,492.09$ 3,875,470.98$ 4,161,281.96$ 2,576,337.71$ 252,724.58$ 11.47%
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example: June SlsTx Revenue is actually April SlsTx and is therefore the 7th allocation in FY23.
DIFF
22 vs. 23
% DIFF
22 vs. 23
Wylie Economic Development Corporation
SALES TAX REPORT
June 30, 2023
BUDGETED YEAR
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
WEDC Sales Tax Analysis
2022
2023
18
07/19/2023 Item B.
Cooper St.McMasters 7/12/05 709 Cooper 0.4750 -$ 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$
Steel/Hooper 12/29/22 Lot 2R Helmberger Idustrial Park 3.6885 n/a 345,441.57$ 370,612.34$
Commerce Dr.Hobart Investments 11/12/13 Commerce 1.6000 201.00$ n/a 156,819.50$
Hobart 1/6/14 605 Commerce 1.0650 396,263.00$ n/a 386,380.00$
Dallas Whirlpools 11/22/16 900-908 Kirby 4.7600 128,925.00$ n/a 2,182,080.30$
City of Wylie 10/22/21 802 Kirby 4.7900 -$ n/a 3,000,441.20$ 5,725,721.00$
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
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$ n/a 328,792.20$
Keefer 10/27/21 401 N Keefer Dr 0.4890 83,084.00$ n/a 237,951.39$
Parupia 8/19/22 200 W Brown 0.0770 -$ n/a 159,325.57$
UP Lot 9/30/22 UP Lot 0.4760 -$ 832 82,126.92$
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$ 3,238,297.88$
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$ 944,732.52$
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$ n/a 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$ n/a 177,043.75$
Weatherford 2/12/19 303 Marble 2.1740 -$ n/a 757,488.00$
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$ 3,904,357.36$
Total 41.3978 1,569,172.00$ 30,736 16,010,029.20$ 16,010,029.20$
Wylie Economic Development Corporation
Inventory Subledger (Land)
June 30, 2023
Property Purchase
Date Address Acreage Improvements Cost Basis Sub-totals
19
07/19/2023 Item B.
PERFORMANCE AGREEMENTS FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
CSD WOODBRIDGE 1,100,000.00$ 29,377.51$ -$ -$ -$ -$ -$ 1,070,622.49$ 1,100,000.00$ A
CARDINAL STRATEGIES 106,800.00$ 24,934.00$ -$ -$ -$ -$ -$ 66,366.00$ 91,300.00$
AVANTI, LLC 120,000.00$ 30,000.00$ -$ -$ -$ -$ -$ 90,000.00$ 120,000.00$
LUV-ROS 10,000.00$ 5,000.00$ -$ -$ -$ -$ -$ 5,000.00$ 10,000.00$ B
FUEL CITY 500,000.00$ 500,000.00$ -$ -$ -$ -$ -$ -$ 500,000.00$
AMERICAN ENTITLEMENTS II 35,000.00$ *** 25,000.00$ 10,000.00$ -$ -$ 35,000.00$ -$ 35,000.00$
NORTH DALLAS WYLIE LAND 120,000.00$ 20,000.00$ 20,000.00$ -$ -$ -$ 20,000.00$ 80,000.00$ 120,000.00$
AXL 65,000.00$ *** 9,250.00$ 9,250.00$ -$ -$ 18,500.00$ 46,500.00$ 65,000.00$
GLEN ECHO BREWING 100,000.00$ 30,000.00$ 50,000.00$ -$ -$ -$ 50,000.00$ -$ 80,000.00$ C
MLKJ -$ -$ -$ -$ -$ -$ -$ -$ -$ D
WYLIE INSURANCE II 30,000.00$ 30,000.00$ -$ -$ -$ -$ 30,000.00$
CLF II LI WYLIE (LOVETT)1,300,000.00$ -$ 650,000.00$ 650,000.00$ -$ -$ 1,300,000.00$ -$ 1,300,000.00$
3,486,800.00$ 669,311.51$ 754,250.00$ 669,250.00$ -$ -$ 1,423,500.00$ 1,358,488.49$ 3,451,300.00$
*Executed / Not yet added to Deferred Out Flows Deferred Out Flow 228,434.00$
A. SLSTX Reimbursement Qrtly Pmnts (Completed PA Reimbursement)
B. Performance Agreeement ($10,000) and Forgiveable Land Grant ($60,000 forgiven over 3 years). $20,000/year in 2022, 2023, & 2024.
C. Performance Agreeement ($80,000) and Forgiveable Land Grant ($100,000 forgiven over 3 years). $25,000 CO & $25,000/year in 2024, 2025, & 2026.
D. Performance Agreeement and Forgiveable Land Grant ($200,000 forgiven over 3 years). $50,000 CO & $50,000/year in 2024, 2025, & 2026.
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
June 30, 2023
TOTAL
INCENTIVE
BUDGETED YEAR REMAINING
AFTER
CURRENT FY
PREVIOUS FY
PAYMENTS
TOTAL
INCENTIVE
20
07/19/2023 Item B.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 2
Meeting Date: July 19, 2023 Item Number: 1
Prepared By: Jason Greiner Account Code:
Date Prepared: 7-12-23 Exhibits: 5
Subject
Consider and act upon the approval of the FY 2023-2024 WEDC Budget.
Recommendation
Staff recommends that the Board approve the FY 2023-2024 WEDC Budget as presented.
Discussion
The FY 23-24 Draft Budget has been attached for your review. For FY23, the WEDC estimates $18,512,898 in available
resources which includes a beginning fund balance of $11,159,767. Staff estimates the following WEDC Revenues:
$4,536,561 in Sales Tax Receipts, $2,655,970 in proceeds from the Sale of WEDC owned properties, $48,600 in Rental
Income and $112,000 in allocated interest earnings.
Expenses for FY24 are estimated at $16,427,451. Personnel Services are up from $439,008 to $629,900, Incentives
are down from $3,209,183 to $1,929,250, Debt Service stayed the same at $1,231,998, and the WEDC’s Capital Outlay
(Land/Purchase) has $1,000,000 budgeted. The biggest increase again this year can be found in Special Services.
Working with the finance department last year, staff reclassified the WEDC Expenses in Infrastructure Projects (Streets
& Alleys) to the Special Services. These expenses have always been accounted for in Capital Outlay, however, since
the WEDC does not maintain ownership of the street, alley, water, sewer, or natural gas lines, they have been moved
to Special Services. The Special Services Account has been split into three sub-categories to more adequately track the
taxable vs. non-tax nature of these expenses for reporting purposes due to the Series 2022 Note in the amount of
$8.1MM.
Notable Changes:
Personnel: Up from $439,008 to $629,900 with requested new personnel (1 FT & 1 PT)
Special Services:
o SpecServ Misc: up from $34,770 to $37,270
o SpecServ Real Estate: down from $276,300 to $234,500
Includes $173,500 in Demolition of WEDC Properties
o SpecServ Infrastructure (Streets & Alleys): up from $8,375,000 to $10,324,000
Includes infrastructure for the 544 Gateway Addition at $2,150,000, Cooper Plaza:
$6,650,000, and Eubanks Gas Line Extension for over $600,000
21
07/19/2023 Item 1.
Page 2 of 2
Advertising: up from $129,100 to $226,125 with additional tourism and regional Mkt efforts
Engineering: up from $87,500 to $530,175 due to the number of active infrastructure projects
Staff estimates a FY24 ending fund balance of $2,085,447.
Initial City Council discussion took place on 7/11/23. Upon WEDC Board approval, Staff will present the final FY24
Budget to City Council on 7/25/23.
Attachments:
WEDC Narrative
WEDC Department Summary
WEDC Fund Balance Summary
WEDC Revenue/Expense Base Summary
WEDC Debt Service Detail
22
07/19/2023 Item 1.
WYLIE ECONOMIC DEVELOPMENT CORPORATION
The Wylie citizens, as authorized by the Texas State Legislature, created the Wylie Economic
Development Corporation (WEDC) via the passage of a half-cent sales tax increase in 1990. Funds
received by the WEDC are used solely to enhance and promote economic development within the Wylie
community.
BUDGET BUDGET BUDGET BUDGET
STAFFING 2020-2021 2021-2022 2022-2023 2023-2024
Executive Director 1.0 1.0 1.0 1.0
Director of Business Retention 1.0 1.0 1.0 1.0
Senior Assistant 1.0 1.0 1.0 1.0
Administrative Assistant 0.0 1.0 1.0 2.0
Mkt & Comms Coordinator 0.0 0.0 0.0 .5
TOTAL 3.0 4.0 4.0 5.5
The primary objectives of the WEDC are to increase local employment opportunities while enhancing
and diversifying the City of Wylie’s tax base. The WEDC currently employs four full-time professional
staff members that report directly to the Executive Director, and the Director reports to a 5-member
Board of Directors appointed by the Wylie City Council. Ex-Officio Members of the Board include the
sitting Mayor and current City Manager. Meetings typically occur on the third Wednesday of each month
at 7:30 a.m. and on an as-needed basis at WEDC offices located at 250 S. Highway 78.
The Wylie City Council provides oversight of the WEDC via approval of Bylaws, appointment of Board
Members, approval of annual budgets, review of monthly expenditures and project approval. The City
of Wylie Finance Department processes all financial functions of the WEDC and coordinates an annual
Financial Audit by an independent, third-party firm.
WEDC Board of Directors Current Appointment Term Expires
Demond Dawkins, President 07/2021 06/2024
Melisa Whitehead, Vice President 06/2022 06/2025
Blake Brininstool, Treasurer 07/2021 06/2024
Aaron Jameson, Board Member 03/2023 06/2026
Whitney McDougall, Board Member 06/2023 06/2026
23
07/19/2023 Item 1.
Prepared by: Jason Greiner
Budget Overview FY 2023-2024
Department Executive Summary
Wylie EDC
FY 2024 Budget Notes
Notable increases/decreases from FY 2023 base budget:
For FY24, the WEDC estimates $18,512,898 in available resources which includes a beginning fund
balance of $11,159,767. Staff estimates the following WEDC Revenues: $4,536,561 in Sales Tax Receipts,
$2,655,970 in proceeds from the Sale of WEDC owned properties, $48,600 in Rental Income and $112,000
in allocated interest earnings.
Expenses for FY24 are estimated at $16,427,451. Personnel Services are up from $439,008 to $629,900,
Incentives are down from $3,209,183 to $1,929,250, Debt Service stayed the same at $1,231,998, and the
WEDC’s Capital Outlay (Land/Purchase) has $1,000,000 budgeted. The biggest increase again this year
can be found in Special Services. Working with the finance department last year, staff has reclassified the
WEDC Expenses in Infrastructure Projects (Streets & Alleys) to the Special Services. These expenses have
always been accounted for in Capital Outlay, however, since the WEDC does not maintain ownership of
the street, alley, water, sewer, or natural gas lines, they have been moved to Special Services. The Special
Services Account has been split into three sub-categories to more adequately track the taxable vs. non-tax
nature of these expenses for reporting purposes due to the Series 2022 Note in the amount of $8.1MM.
Notable Changes:
• Personnel: Up from $439,008 to $629,900 with requested new personnel (1 FT & 1 PT)
• Special Services:
o SpecServ Misc: up from $34,770 to $37,270
o SpecServ Real Estate: down from $276,300 to $234,500
Includes $173,500 in Demolition of WEDC Properties
o SpecServ Infrastructure (Streets & Alleys): up from $8,375,000 to $10,324,000
Includes infrastructure for the 544 Gateway Addition at $2,150,000, Cooper Plaza:
$6,650,000, and Eubanks Gas Line Extension for over $600,000
• Advertising: up from $129,100 to $226,125 with additional tourism and regional Mkt efforts
• Engineering: up from $87,500 to $530,175 due to the number of active infrastructure projects
Staff estimates a FY24 ending fund balance of $2,085,447.
Once approved by the WEDC Board of Directors, this budget will come back to City Council for approval
at the July 25th City Council Meeting.
24
07/19/2023 Item 1.
Wylie Economic Development Corporation
Audited Wylie Economic Development Corp Ending Balance - 9/30/22 10,747,516$
Projected '23 Revenues 5,623,277
Available Funds 16,370,793
Projected '23 Expenditures (5,211,026)
Estimated Ending Fund Balance 09/30/23 11,159,767$
Estimated Beginning Fund Balance - 10/01/23 11,159,767$
Proposed Revenues '24 7,353,131 a)
Proposed Expenditures '24 (16,427,451)
Estimated Ending Fund Balance 9/20/24 2,085,447$
a) Proposed Sales Tax is 10% higher than FY23 and includes $2.6MM in Gain/Loss Sale of Property.
City of Wylie
Fund Summary
25
07/19/2023 Item 1.
CITY OF WYLIE
FUND DEPARTMENT DIVISION
111-WEDC SPECIAL REVENUE FUND WEDC REVENUES
SUMMARY
CATEGORIES ACTUAL
FY 2022
BUDGET
FY 2023
ESTIMATED
FY 2023
PROPOSED
FY 2024
PLANNING
FY 2025
TAXES ($4,161,282)($4,124,241)($4,124,241)($4,536,561)$0
INTERGOVERNMENTAL REVENUE $0 $0 $0 $0 $0
INTEREST INCOME ($33,804)($6,000)($322,226)($112,000)$0
MISCELLANEOUS INCOME ($70,644)($4,049,905)($1,176,810)($2,704,570)$0
OTHER FINANCING SOURCES ($16,216,000)$0 $0 $0 $0
111-4000 TOTAL ($20,481,730)($8,180,146)($5,623,277)($7,353,131)$0
26
07/19/2023 Item 1.
CITY OF WYLIE
FUND DEPARTMENT DIVISION
111-WEDC SPECIAL REVENUE FUND WEDC REVENUES
LINE ITEM DETAIL
LINE ITEMS ACTUAL
FY 2022
BUDGET
FY 2023
ESTIMATED
FY 2023
PROPOSED
FY 2024
PLANNING
FY 2025
40150 REV IN LEIU OF TAXES $0 $0 $0 $0 $0
40210 SALES TAX ($4,161,282)($4,124,241)($4,124,241)($4,536,561)$0
TAXES TOTAL ($4,161,282)($4,124,241)($4,124,241)($4,536,561)$0
43518 380 ECONOMIC AGREEMENTS $0 $0 $0 $0 $0
INTERGOVERNMENTAL REVENUE TOTAL $0 $0 $0 $0 $0
46050 CERTIFICATE OF DEPOSIT $0 $0 $0 $0 $0
46110 ALLOCATED INTEREST EARNINGS ($33,804)($6,000)($322,226)($112,000)$0
46140 TEXPOOL INTEREST $0 $0 $0 $0 $0
46143 LOGIC INTEREST $0 $0 $0 $0 $0
46150 INTEREST EARNINGS $0 $0 $0 $0 $0
46160 LOAN REPAYMENT (PRINCIPAL)$0 $0 $0 $0 $0
46210 BANK MONEY MARKET INTEREST $0 $0 $0 $0 $0
INTEREST INCOME TOTAL ($33,804)($6,000)($322,226)($112,000)$0
48110 RENTAL INCOME ($139,485)($134,220)($111,810)($48,600)$0
48310 RECOVERY - PRIOR YEAR EXPEND $0 $0 $0 $0 $0
48410 MISCELLANEOUS INCOME ($1,545)$0 $0 $0 $0
48430 GAIN/(LOSS) SALE OF CAP ASSETS $70,386 ($3,915,685)($1,065,000)($2,655,970)$0
MISCELLANEOUS INCOME TOTAL ($70,644)($4,049,905)($1,176,810)($2,704,570)$0
49160 TRANSFER FROM GENERAL FUND $0 $0 $0 $0 $0
49325 BANK NOTE PROCEEDS ($16,216,000)$0 $0 $0 $0
49550 LEASE PRINCIPAL PAYMENTS (OFS)$0 $0 $0 $0 $0
49600 INSURANCE RECOVERIES $0 $0 $0 $0 $0
OTHER FINANCING SOURCES TOTAL ($16,216,000)$0 $0 $0 $0
111-4000 TOTAL ($20,481,730)($8,180,146)($5,623,277)($7,353,131)$0
27
07/19/2023 Item 1.
28
07/19/2023 Item 1.
CITY OF WYLIE
FUND DEPARTMENT DIVISION
111-WEDC SPECIAL REVENUE FUND WEDC
SUMMARY
CATEGORIES ACTUAL
FY 2022
BUDGET
FY 2023
ESTIMATED
FY 2023
PROPOSED
FY 2024
PLANNING
FY 2025
PERSONNEL SERVICES $388,468 $439,008 $439,007 $629,900 $0
SUPPLIES $8,651 $8,300 $8,300 $8,300 $0
MATERIALS FOR MAINTENANCE $14,308 $10,150 $10,150 $10,150 $0
CONTRACTURAL SERVICES $3,112,079 $12,364,230 $3,176,570 $13,547,103 $0
DEBT SERVICE AND CAP. REPL $5,379,321 $1,231,998 $1,231,998 $1,231,998 $0
CAPITAL OUTLAY ($621)$2,090,000 $345,000 $1,000,000 $0
OTHER FINANCING (USES)$0 $0 $0 $0 $0
111-5611 TOTAL $8,902,206 $16,143,686 $5,211,025 $16,427,451 $0
29
07/19/2023 Item 1.
CITY OF WYLIE
FUND DEPARTMENT DIVISION
111-WEDC SPECIAL REVENUE FUND WEDC
LINE ITEM DETAIL
LINE ITEMS ACTUAL
FY 2022
BUDGET
FY 2023
ESTIMATED
FY 2023
PROPOSED
FY 2024
PLANNING
FY 2025
51110 SALARIES $283,447 $310,346 $310,346 $440,500 $0
51130 OVERTIME $223 $0 $0 $0 $0
51140 LONGEVITY PAY $724 $914 $914 $1,200 $0
51145 SICK LEAVE BUYBACK $0 $0 $0 $0 $0
51160 CERTIFICATION INCENTIVE $0 $0 $0 $0 $0
51170 PARAMEDIC INCENTIVE $0 $0 $0 $0 $0
51210 CAR ALLOWANCE $0 $0 $0 $0 $0
51220 PHONE ALLOWANCE $0 $0 $0 $0 $0
51230 CLOTHING ALLOWANCE $0 $0 $0 $0 $0
51260 MOVING ALLOWANCE $0 $0 $0 $0 $0
51310 TMRS $43,652 $48,245 $48,245 $68,500 $0
51410 HOSPITAL AND LIFE INSURANCE $39,395 $51,987 $51,987 $81,000 $0
51415 EXECUTIVE HEALTH PLAN $0 $0 $0 $0 $0
51420 LONG-TERM DISABILITY $577 $1,769 $1,769 $1,600 $0
51440 FICA $16,226 $19,298 $19,298 $27,000 $0
51450 MEDICARE $3,795 $4,513 $4,513 $6,400 $0
51470 WORKERS COMP PREMIUM $391 $855 $855 $2,100 $0
51480 UNEMPLOYMENT COMP (TWC)$40 $1,080 $1,080 $1,600 $0
PERSONNEL SERVICES TOTAL $388,468 $439,008 $439,007 $629,900 $0
52010 OFFICE SUPPLIES $4,819 $5,000 $5,000 $5,000 $0
52040 POSTAGE AND FREIGHT $83 $300 $300 $300 $0
52130 TOOLS/ EQUIP (NON-CAPITAL)$0 $0 $0 $0 $0
52810 FOOD SUPPLIES $3,749 $3,000 $3,000 $3,000 $0
52990 OTHER $0 $0 $0 $0 $0
SUPPLIES TOTAL $8,651 $8,300 $8,300 $8,300 $0
54610 FURNITURE AND FIXTURES $8,959 $2,500 $2,500 $2,500 $0
54630 TOOLS AND EQUIPMENT $0 $0 $0 $0 $0
54810 COMPUTER HARD/SOFTWARE $5,349 $7,650 $7,650 $7,650 $0
54910 BUILDINGS $0 $0 $0 $0 $0
54990 OTHER $0 $0 $0 $0 $0
MATERIALS FOR MAINTENANCE TOTAL $14,308 $10,150 $10,150 $10,150 $0
56030 INCENTIVES $399,122 $3,209,183 $1,183,933 $1,929,250 $0
30
07/19/2023 Item 1.
CITY OF WYLIE
FUND DEPARTMENT DIVISION
111-WEDC SPECIAL REVENUE FUND WEDC
LINE ITEM DETAIL
LINE ITEMS ACTUAL
FY 2022
BUDGET
FY 2023
ESTIMATED
FY 2023
PROPOSED
FY 2024
PLANNING
FY 2025
56040 SPECIAL SERVICES $2,264,621 $34,770 $34,770 $37,270 $0
56041 SPECIAL SERVICES - REAL ESTATE $4,309 $276,300 $345,800 $234,500 $0
56042 SPECIAL SERVICES - INFRASTRUCTURE $0 $0 $0 $0 $0
56042 SPECIAL SERVICES-INFRASTRUCTURE $0 $8,375,000 $717,890 $10,324,000 $0
56080 ADVERTISING $81,392 $129,100 $104,100 $226,125 $0
56090 COMMUNITY DEVELOPMENT $49,300 $54,950 $54,950 $64,950 $0
56110 COMMUNICATIONS $5,645 $7,900 $7,900 $7,900 $0
56180 RENTAL $27,000 $27,000 $27,000 $27,000 $0
56210 TRAVEL AND TRAINING $57,737 $73,000 $75,000 $73,000 $0
56250 DUES AND SUBSCRIPTIONS $56,601 $57,824 $57,824 $60,733 $0
56310 INSURANCE $5,458 $6,303 $6,303 $6,800 $0
56510 AUDIT AND LEGAL SERVICES $20,566 $23,000 $23,000 $23,000 $0
56570 ENGINEERING/ARCHITECTURAL $138,303 $87,500 $535,700 $530,175 $0
56610 UTILITIES-ELECTRIC $2,027 $2,400 $2,400 $2,400 $0
CONTRACTURAL SERVICES TOTAL $3,112,079 $12,364,230 $3,176,570 $13,547,103 $0
57110 DEBT SERVICE $0 $0 $0 $0 $0
57410 PRINCIPAL PAYMENT $5,041,124 $575,974 $575,974 $600,096 $0
57415 INTEREST EXPENSE $338,198 $656,024 $656,024 $631,902 $0
57710 BAD DEBT EXPENSE $0 $0 $0 $0 $0
DEBT SERVICE AND CAP. REPL TOTAL $5,379,321 $1,231,998 $1,231,998 $1,231,998 $0
58110 LAND-PURCHASE PRICE $4,136,097 $2,090,000 $345,000 $1,000,000 $0
58120 DEVELOPMENT FEES $0 $0 $0 $0 $0
58150 LAND-BETTERMENTS $0 $0 $0 $0 $0
58210 STREETS AND ALLEYS $0 $0 $0 $0 $0
58410 SANITARY SEWER $0 $0 $0 $0 $0
58810 COMPUTER HARD/SOFTWARE $0 $0 $0 $0 $0
58830 FURNITURE AND FIXTURES $0 $0 $0 $0 $0
58910 BUILDINGS $0 $0 $0 $0 $0
58995 CONTRA CAPITAL OUTLAY ($4,136,719)$0 $0 $0 $0
CAPITAL OUTLAY TOTAL ($621)$2,090,000 $345,000 $1,000,000 $0
59111 TRANSFER TO GENERAL FUND $0 $0 $0 $0 $0
59190 TRANSFER TO THORUGHFARE IMPACT $0 $0 $0 $0 $0
31
07/19/2023 Item 1.
CITY OF WYLIE
FUND DEPARTMENT DIVISION
111-WEDC SPECIAL REVENUE FUND WEDC
LINE ITEM DETAIL
LINE ITEMS ACTUAL
FY 2022
BUDGET
FY 2023
ESTIMATED
FY 2023
PROPOSED
FY 2024
PLANNING
FY 2025
59430 TRANSFER TO CAPITAL PROJ FUND $0 $0 $0 $0 $0
59990 PROJECT ACCOUNTING $0 $0 $0 $0 $0
OTHER FINANCING (USES) TOTAL $0 $0 $0 $0 $0
111-5611 TOTAL $8,902,206 $16,143,686 $5,211,025 $16,427,451 $0
32
07/19/2023 Item 1.
33
07/19/2023 Item 1.
FY2023-2024 WEDC Debt Service Detail
Jarrard Loan #6088461 $112,611.20
Payment No Due Date Interest Principal Total Payment Principal Balance (Payout Complete Dec FY 26-27; 120 Payments Total)
82 10/22/2023 $422.29 $2,686.86 $3,109.15 $109,924.34
83 11/22/2023 $412.22 $2,696.93 $3,109.15 $107,227.41
84 12/22/2023 $402.10 $2,707.05 $3,109.15 $104,520.36
85 1/22/2024 $391.95 $2,717.20 $3,109.15 $101,803.16
86 2/22/2024 $381.76 $2,727.39 $3,109.15 $99,075.77
87 3/22/2024 $371.53 $2,737.62 $3,109.15 $96,338.15
88 4/22/2024 $361.27 $2,747.88 $3,109.15 $93,590.27
89 5/22/2024 $350.96 $2,758.19 $3,109.15 $90,832.08
90 6/22/2024 $340.62 $2,768.53 $3,109.15 $88,063.55
91 7/22/2024 $330.24 $2,778.91 $3,109.15 $85,284.64
92 8/22/2024 $319.82 $2,789.33 $3,109.15 $82,495.31
93 9/22/2024 $309.36 $2,799.79 $3,109.15 $79,695.52
$4,394.12 $32,915.68 $37,309.80
Government Capital Loan (Series 2021: No. 9624 Effective 10/5/21)$7,551,644.87
Payment No Due Date Interest Principal Total Payment Principal Balance (Loan is Eligible for Principal Reduction 11/2026)
24 10/5/2023 $21,899.77 $25,040.08 $46,939.85 $7,526,604.79
25 11/5/2023 $21,827.15 $25,112.70 $46,939.85 $7,501,492.09
26 12/5/2023 $21,754.33 $25,185.52 $46,939.85 $7,476,306.57
27 1/5/2024 $21,681.29 $25,258.56 $46,939.85 $7,451,048.01
28 2/5/2024 $21,608.04 $25,331.81 $46,939.85 $7,425,716.20
29 3/5/2024 $21,534.58 $25,405.27 $46,939.85 $7,400,310.93
30 4/5/2024 $21,460.90 $25,478.95 $46,939.85 $7,374,831.98
31 5/5/2024 $21,387.01 $25,552.84 $46,939.85 $7,349,279.14
32 6/5/2024 $21,312.91 $25,626.94 $46,939.85 $7,323,652.20
33 7/5/2024 $21,238.59 $25,701.26 $46,939.85 $7,297,950.94
34 8/5/2024 $21,164.06 $25,775.79 $46,939.85 $7,272,175.15
35 9/5/2024 $21,089.31 $25,850.54 $46,939.85 $7,246,324.61
$257,957.94 $305,320.26 $563,278.20
Government Capital Loan (Series 2022: Effective 7/20/22)$7,817,937.04 (Loan is Eligible for Principal Reduction in 8/2027)
Payment No Due Date Interest Principal Total Payment Principal Balance
15 10/20/2023 $31,271.75 $21,345.72 $52,617.47 $7,796,591.32
16 11/20/2023 $31,186.37 $21,431.10 $52,617.47 $7,775,160.22
17 12/20/2023 $31,100.64 $21,516.83 $52,617.47 $7,753,643.39
18 1/20/2024 $31,014.57 $21,602.90 $52,617.47 $7,732,040.49
19 2/20/2024 $30,928.16 $21,689.31 $52,617.47 $7,710,351.18
20 3/20/2024 $30,841.40 $21,776.07 $52,617.47 $7,688,575.11
21 4/20/2024 $30,754.30 $21,863.17 $52,617.47 $7,666,711.94
22 5/20/2024 $30,666.85 $21,950.62 $52,617.47 $7,644,761.32
23 6/20/2024 $30,579.05 $22,038.42 $52,617.47 $7,622,722.90
24 7/20/2024 $30,490.89 $22,126.58 $52,617.47 $7,600,596.32
25 8/20/2024 $30,402.39 $22,215.08 $52,617.47 $7,578,381.24
26 9/20/2024 $30,313.52 $22,303.95 $52,617.47 $7,556,077.29
$369,549.89 $261,859.75 $631,409.64
Interest Total FY 23-24 631,901.95$
Principal Total FY 23-24 600,095.69$
Debt Service Total FY 23-24 1,231,997.64$
Total Principal Balance at EOY 23-24 14,882,097.42$
34
07/19/2023 Item 1.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 2
Meeting Date: July 19, 2023 Item Number: 2
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: 7/11/23 Exhibits: 1
Subject
Consider and act upon a Second Amendment to the Purchase and Sale Agreement between the WEDC and McClure
Partners Construction Company.
Recommendation
Motion to approve a Second Amendment to the Purchase and Sale Agreement between the WEDC and McClure Partners
Construction Company and further authorize WEDC President Dawkins to execute said agreement.
Discussion
As the Board will recall, the WEDC has been working toward the redevelopment of the Highway 78 and Brown Street
properties since early 2018. The Purchase and Sale Agreement between McClure Partners Construction Company and
the WEDC was approved by the Board on August 19, 2020. A First Amendment to the Purchase and Sale Agreement
was approved on March 16, 2022 to address issues with the completion of the water line relocation, which was required
to be completed prior to closing.
The final walk-thru of the project was completed the week of April 10th and NTMWD formally approved the finalization
of the project on May 25, 2023. While WEDC Staff anticipates the final closure of the project in the next 60 days, we do
not have the Water Line Easement abandonment completed at this time. Vasquez Engineering needs a little more time to
wrap up the civils and submit a Final Plat for the city’s approval. Once we have the final plat, the old easement will be
abandoned.
35
07/19/2023 Item 2.
Page 2 of 2
Page 2 of 2
The proposed Second Amendment extends the water line relocation deadline by six months, from March 31, 2023 to
September 30, 2023.
Analysis:
Corner Lot: 1.74 acres or 75,804 square feet
Sales Price: $20/SF or approximately $1,516,080
Water Line Relocation Deadline: September 30, 2023
Inspection Period: 120 Days
Closing Date: 60 Days
36
07/19/2023 Item 2.
Second Amendment to Purchase and Sale Agreement - Page 1
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT
THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT
("Amendment") is effective on ________________ 2023, between WYLIE ECONOMIC
DEVELOPMENT CORPORATION, a Texas non-profit corporation ("Seller") and MCCLURE
PARTNERS CONSTRUCTION COMPANY, a Texas limited liability company ("Purchaser").
RECITALS
WHEREAS, the parties hereto entered into that certain Purchase and Sale Agreement, dated
to be effective August 19, 2020, as amended by that certain First Amendment to Purchase and Sale
Agreement dated to be effective March 16, 2022 (as amended, the "Contract"), whereby Seller
agreed to sell to Purchaser and Purchaser agreed to purchase from Seller, approximately 1. 74 acres
(75,804 square feet), being Lot 5 at Hwy 78 and Brown, City of Wylie, Collin County, Texas (the
"Land"), together with any and all improvements located thereon, together with all benefits,
privileges, tenements, hereditaments, rights and appurtenances thereon or pertaining to such Land
(collectively the "Property"), as further described in the Contract; and
WHEREAS, Seller and Purchaser desire to amend the Contract in certain respects as set forth
below.
NOW THEREFORE, in consideration of the Property, and other good and valuable
consideration, the receipt and sufficiency of which the parties hereby acknowledge, and the Parties
agree herein to amend the Contract as follows:
1. Capitalized Terms. Unless otherwise defined herein, capitalized terms shall have
the meaning as set forth in the Contract.
2. Water Line Relocation Deadline Extension. Seller and Purchaser agree herein to
amend Section 1.1.X. of the Contract to extend the Water Line Relocation Deadline for an additional
six months from March 31, 2023, to September 30, 2023.
3. Continued Validity. Except as amended herein, each and every term of the
contract shall remain in full force and effect as originally written and executed.
4. Counterparts/Delivery. This instrument may be executed in any number of
counterparts and by the different parties on separate counterparts, and each such counterpart shall be
deemed to be an original but all such counterparts shall together constitute one and the same
agreement. The parties hereto may execute and deliver this instrument by forwarding facsimile,
telefax, electronic pdf or other means of copies of this instrument showing execution by the parties
sending the same. The parties agree and intend that such signature shall have the same effect as an
original signature, that the parties shall be bound by such means of execution and delivery, and that
the parties hereby waive any defense to validity based on any such copies or signatures.
5. Captions. Headings of paragraphs are for convenience of reference only and shall
not be construed as part of this Amendment.
37
07/19/2023 Item 2.
Second Amendment to Purchase and Sale Agreement - Page 2
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
as of the date set forth above.
SELLER:
Wylie Economic Development Corporation, a
Texas non-profit corporation
By: __________________________________
Name: ________________________________
Title: _________________________________
PURCHASER:
McClure Partners Construction Company, a Texas
corporation
By: __________________________________
Name: ________________________________
Title: _________________________________
38
07/19/2023 Item 2.
Wylie Economic Development
Board
AGENDA REPORT
Page 1 of 3
Meeting Date: July 19, 2023 Item Number: DS1
Prepared By: Jason Greiner Account Code:
Date Prepared: 7/11/23 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 on this item.
Discussion
WEDC Property Update:
Property Management
•Demolition of 605 Commerce and 908 Kirby is being finalized. The buildings have been removed and final
clearing of the site is taking place.
•Tenant at 104 S Ballard requested a meeting to discuss what was initially thought to be a water leak onsite. HVAC
tech later determined that the unit had frozen up and needs to have the filter changed more often, possibly every
two weeks during the summer. Tenant inquired about the option to purchase an additional A/C unit for the roof
or installation of plug-in A/C units at back and front of building, which would require saw-cutting through the
brick exterior. Staff will further discuss issues related to the A/C service contract and tenant requests with the
Board.
•Staff has coordinated with property management for tree removal at 701 S Ballard.
•Per Board direction at the last Board meeting, staff will review WEDC-owned properties subject to the issuance
of notices to vacate and begin the process of notifying tenants.
Listing Agreement – Segovia Partners (SP)
•The listing agreement has been executed and Staff will provide project updates in Executive Session.
•SP will order signage, create a hit list of preferred tenants and create flyers for e-blast next week.
•SP has requested a site plan from an office developer interested in the property and Staff has received 4 additional
inquiries.
Downtown Parking:
•Ongoing coordination with survey and Union Pacific/KCS/DART to flag utilities and obtain design survey for
concept layouts.
•Survey field work outside of railroad right-of-way is underway. Waiting on permission from DART to complete
survey (3-6 month timeline from DART).
39
07/19/2023 Item DS1.
Page 2 of 3
• Once survey is completed, concept plans for Birmingham extension and parking will be prepared.
• Waiting on Downtown Drainage study (Huitt-Zollars) to be finalized.
Downtown & SBO Property Concepts:
• An additional concept plan was prepared for 300 W Brown to show improvements only on the excess railroad
ROW and current WEDC property. KH is working on the OPCC and expects to submit this week.
• KH to prepare concept layout for 503-701 S Ballard. Waiting on existing plat/survey data.
Engineering Report:
Design & Engineering - 544 Gateway Addition – Kimley Horn (KH)
• Atmos/Oncor coordination ongoing.
• Regional detention pond design underway. Revised construction plans to be submitted to City for review by the
end of the month.
• Ongoing coordination with Lot 2 and Lot 6 developers.
• Updated master plan shows radio tower easement on Lot 4.
• KH to send CAD file for concept plan to send to medical office developer for Lots 3, 5 and 7.
• Completion Date: Mid-2023.
Water Line Relocation- State Hwy 78/Brown – Dowager Construction
• Project is complete. Staff is waiting on NTMWD’s final review of the project costs related to inspection fees.
Environmental- State Hwy 78 & Brown – Elm Creek (EC)
• The APAR has been completed and they have removed and plugged the monitoring wells.
• EC advised that there has been a delay with TCEQ’s filing of the APAR due to staffing issues. TCEQ has
advised that the VCP submittal review should be complete by the end of August. Staff will provide additional
updates as they are available.
Design & Engineering - Cooper Plaza - State Hwy 78 & Brown
• Retention Pond Sizing is complete and there is a new pond exhibit.
• The next step is construction bids and award of contract.
• Completion Date: Mid-2023
Flood Study & Drainage Study- Hooper/Steel/Regency Business Park (KH)
• Utility relocation has been taking place in preparation for grading improvements are underway to re-grade ditches
and clean silt/debris out of culverts. The contractor should begin the improvements within the next two weeks.
Survey and Environmental will not be kicked off until this work is completed.
• Permission has been obtained from property owners allowing KH to survey.
• KH is prepared preliminary OPCC costs for the drainage improvements. These estimates will change after
survey/environmental work has been completed and the drainage analysis and modelling has been completed.
• KH to prepare IPO for survey/design topo.
• Completion Date: Mid-2023.
Water & Sewer Extension - State Hwy 78/Alanis (KH)
• NTMWD received the necessary documentation from City, and the review should be finalized soon.
• Ongoing coordination with Larry Nelson on the proposed drainage and sanitary sewer easement. Access
easement across EDC/Stealth property has been prepared and submitted.
Eubanks Easement/ROW Coordination
• Survey field work underway. Expect linework this week.
• KH to prepare exhibits to coordinate with Atmos and City on easement and ROW location.
40
07/19/2023 Item DS1.
Page 3 of 3
BRE Updates:
• No BRE visits were conducted in June, however, staff worked extensively with Sanden on a new possible lease
and purchase option for their property. The prospective company is interested in a temporary lease and possible
purchase that could result in additional tax revenue, new job creation and their relocation to Wylie.
• WEDC hosted a discussion forum with a local community to initiate regional BRE and workforce development
programs with surrounding communities. The initial goal is to identify and adopt best practices and create
regional workforce development programs to better meet the needs of local employers.
• Staff assisted a local business in acquiring adjacent property to expand operations in Regency Business Park.
• Staff assisted a local non-profit in developing and presenting for approval to the Wylie Parks Board and Wylie
City Council, Wylie’s first long-table fine dining event in Olde City Park on October 21st.
• Coordinated with Fuel City and Wylie ISD Education Foundation to develop and implement a fundraising
challenge called the Crosstown Showdown PUMP-OFF. The program will launch at the beginning of the
2023-2024 school year and proceeds will provide scholarships for graduating Seniors and teacher grants for
Wylie teachers.
• Continued development of Fall programming including MFG Day, Fall Career Fairs, and the Second Annual
Entrepreneurs Expo.
Additional WEDC Activities/Programs in Review:
• Staff attended the TEDC Mid-Year Conference in Allen.
• Existing Board Member Aaron Jameson and new Board Member Whitney McDougall were appointed to the
WEDC Board at the June 27th City Council Meeting.
• City Council approved the Bylaw Amendments at the June 27th City Council Meeting. As such, the WEDC’s
Board’s selection of officers and the establishment of the regular meeting dates and times will take place at the
annual meeting in October.
• Sales tax revenues for the month of June are up 14.40%.
• Overall sales tax revenues for FY23 are still up 11.83%.
• Quarterly Social Media Updates are attached for your review.
Upcoming Events:
• Social Media Rescue – Canva Class - July 17
• Final Budget Work Session with City Council - July 25
• Retail Live South Central 2023 - August 31
• IEDC 2023 Annual Conference - Dallas, TX - September 17-20
• TEDC Sales Tax Workshop - Richardson, TX - September 22
• TEDC Annual Conference - Houston, TX. - October 11-13
Please see the attached Marketing Calendar for the full list of upcoming events.
41
07/19/2023 Item DS1.
@ D I S C O V E R W Y L I E
Q2
DISCOVER WYLIEreporting
4 /1 /2 0 2 3 - 6 /3 0 /2 0 2 3
42
07/19/2023 Item DS1.
O V E R V I E W & S T R A T E G I E S
Continued posting original TikToks
Continued posting original reels
Continued creating original content for Facebook and Discover Wylie blog
Shared local historical photos and facts
Share local events on social media and blog
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)
Started Small Business Stories on DiscoverWylie.com
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 and
Facebook.
> Increase engagement and shares on all platforms.
> Continue to grow TikTok
> Utilize blog to share information and drive traffic to DiscoverWylie.com
@ 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 : 1 /1 /2 0 2 3 - 3 /3 1 /2 0 2 3
Continue posting stories with opportunities for followers to engage.
Continue sharing local history and interesting Wylie facts to the feed and stories.
Encourage followers to tag @DiscoverWylie and use #DiscoverWylie hashstag so we
can share their content.
Grow blog traffic and engagement
Start using Facebook stories
Continue to grow Small Business Stories on DiscoverWylie.com
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
43
07/19/2023 Item DS1.
.
1261
T O T A L F O L L O W E R S
125
N E W F O L L O W E R S
+11%
P R E V I O U S Q U A R T E R
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
597
6,738
2,092
5,833
56,496
+35%
+140%
+29%
+209%
+35%
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 3 - 6 /3 0 /2 0 2 3
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
101 81 66
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
I M P R E S S I O N S
44
07/19/2023 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 : 4 /1 /2 0 2 3 - 6 /3 0 /2 0 2 3
@ D i s c o v e r W y l i e Q 2 W I N S
T h e r e w e r e 1 ,0 2 2 p r o f i l e v i s i t s . T h i s i s a 4 3 % i n c r e a s e f r o m t h e p r e v i o u s
9 0 d a y s .
W e r e a c h e d 5 ,9 0 9 n o n -f o l l o w e r a c c o u n t s .
W e h a d 5 7 e x t e r n a l l i n k t a p s . T h i s i s f r o m p e o p l e c l i c k i n g l i n k s t o r e a d
b l o g p o s t s s h a r e d o n D i s c o v e r W y l i e .c o m .
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
s u m m e r c a r n i v a l . I t w a s p l a y e d 2 ,1 7 4
t i m e s , h a d 6 1 l i k e s , 3 c o m m e n t s , a n d w a s
s h a r e d 2 4 t i m e s .
R e e l s r e c e i v e d :
9 6 9 l i k e s (5 4 4 l a s t q u a r t e r )
5 2 c o m m e n t s (2 5 l a s t q u a r t e r )
3 0 a v e s (1 4 l a s t q u a r t e r )
1 3 3 s h a r e s (6 6 l a s t q u a r t e r )
45
07/19/2023 Item DS1.
42
Reach: 49,580
Reactions: 640
Comments: 84
Shares: 25
L I N K C L I C K S : 1 ,7 2 7
C O M M E N T S : 8 0 3
P O S T S H A R E S : 5 5 3
R E A C T I O N S : 5 ,3 8 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 .
20,094
T O T A L F O L L O W E R S
391
N E T N E W F O L L O W E R S
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 : 4 /1 /2 0 2 3 - 6 /3 0 /2 0 2 3
A U D I E N C E F E M A L E / M A L E
T O P P E R F O R M I N G P O S T S
+2%
P R E V I O U S Q U A R T E R
E N G A G E M E N T
R E A C H
6,100
154,925
+6.7%
+138%
A L L S T A T S C O M P A R E D T O Q 1 2 0 2 3
Reach: 21,513
Reactions: 570
Comments: 72
Shares: 36
Reach: 17,621
Reactions: 394
Comments: 72
Shares: 21
46
07/19/2023 Item DS1.
1of 5
REPORT FOR APR 1, 2023 - JUN 30, 2023
WYLIE EDC - QUARTERLY + ROLLING
MONTHLY
Previous period Previous year
1,758
-5%-70%
organic (none)referral email Others
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
0
250
500
750
1,000
Previous period Previous year
1.90
-6%0%
Previous period Previous year
1,431
-4%-71%
79.3%
20.7%
Visitor Type
Previous period
New Visitor 1,394
Returning Visitor 364
-81
-3
Total 1,758
58.9%
31.6%
9.3%
Medium Sessions
Previous period
organic 1,036 58.9%
(none)555 31.6%
referral 163 9.3%
email 4 0.2%
-2.1%
+1.9%
-0.1%
+0.2%
Total 1,758
Source / Medium Visits
google / organic 981
(direct) / (none)555
m.facebook.com / referral 31
bing / organic 29
collincountytx.gov / referral 20
discoverwylie.com / referral 20
facebook.com / referral 15
yahoo / organic 12
wylieedc.giswebtechguru.com / refer…11
l.facebook.com / referral 10
City Sessions
Wylie 335
(not set)249
Dallas 242
Columbus 56
Plano 37
New York 19
Garland 18
Houston 18
Longview 18
McKinney 18
Page Path Pageviews
/902
/site-selection/recent-developments 457
/about-us/meet-the-staff 254
/site-selection/retail-in-wylie 97
/business-resources/tax-rates 94
/site-selection/demographics 82
/properties/kcs-intermodal 73
/site-selection/major-employers 66
/about-us/latest-news 65
/about-us/meetings-and-agendas 65
WEBSITE TRAFFIC OVERVIEW
TOTAL VISITS VISITS TRENDS BY MEDIUM
PAGES PER VISIT UNIQUE VISITORS NEW VS RETURNING
VISITS TOP SOURCES/MEDIUM (VISITS)
TOP CITIES (VISITS)TOP PAGES BY PAGEVIEWS
47
07/19/2023 Item DS1.
2of 5
Previous period Previous year
784
1%10%
Previous period Previous year
9
800%-84%
Previous period Previous year
9,235
639%25%
Previous period Previous year
9,490
614%-80%
Previous period Previous year
5.08%
69%46%
Post
We're happy that Deanan Gourmet Popcorn chose Wylie, TX as their home-base back in 2011 wh…1,480
Small Business Week starts on April 30th and the week is PACKED with fun events around Wylie. S…653
What a great turnout on Sunday for the #WyliePedalCarRace (id: 153940454642753_6916345263…340
Wow, what an amazing turnout for #TasteOfWylie this year! All to support our local non-profit fo…269
Photos from Wylie ISD's post (id: 153940454642753_669037288565651)221
We want to thank everyone who attended the Small Business Week Proclamation ceremony this …206
We're happy that ABC chose Historic Downtown Wylie, TX as their home-base back in 2015 where …193
Happy Easter, Wylie! We hope you get to spend time with loved ones today. (id: 153940454642753…188
A big THANK YOU to all of the Sponsors AND Volunteers that helped pull off this fun summer eve…172
We're excited for this new event Tonight! (id: 153940454642753_687996363336410)171
Wow, what an amazing turnout for #TasteOfWylie
this year! All to support our local non-profit food
pantries. (id:
153940454642753_686614526807927)
14.96%18 1 0
Everyone had a great time this weekend at
#BluegrassOnBallard (id:
153940454642753_726958182773561)
12.40%6 0 0
What a great turnout on Sunday for the
#WyliePedalCarRace (id:
153940454642753_691634526305927)
10.88%13 2 0
Photos from Wylie ISD's post (id:
153940454642753_669037288565651)7.58%4 0 0
We're happy that Deanan Gourmet Popcorn chose
Wylie, TX as their home-base back in 2011 when
they were relocating from San Antonio. Read
more about them from an interview we recently
7.41%16 0 6
Small Business Week starts on April 30th and the
week is PACKED with fun events around Wylie.
Some of these are ticketed events, so make sure
you get your tickets or register today so you don't
7.40%11 3 4
We want to thank everyone who attended the
Small Business Week Proclamation ceremony this
past Tuesday. It was a very impressive group! We
were overwhelmed by the support from our small
7.18%10 0 1
Happy Easter, Wylie! We hope you get to spend
time with loved ones today. (id:
153940454642753_671049628364417)
6.70%9 0 0
Post With Image Engagement Rate Total Reactions Post Comments Post Shares
FACEBOOK INSIGHTS
FANS COUNT FAN ADDS PAGE IMPRESSIONS (ORGANIC)PAGE IMPRESSIONS (PAID & ORGA
PAGE ENGAGEMENT RATE TOP POSTS BY IMPRESSIONS
TOP POSTS BY ENGAGEMENT RATE (WITH IMAGE)
48
07/19/2023 Item DS1.
3 of 5
Previous period Previous year
214
14%62%
Age Gender Followers
F.35-44 43
M.35-44 29
F.45-54 27
M.45-54 16
F.25-34 15
F.55-64 14
U.35-44 14
U.45-54 10
U.25-34 8
M.25-34 7
Previous period Previous year
42
600%14%
We're happy that @deananpop chose Wylie, TX as their home-base back in 2011
when they were relocating from San Antonio. Read more about them from an
interview we recently had with CEO & President, Barbara Hodge -
https://bit.ly/3LZjbai ⠀ #EconDevWeek
10 99 92 10.10%
Small Business Week starts on April 30th and the week is PACKED with fun
events around Wylie. Some of these are ticketed events, so make sure you get
your tickets or register today so you don't miss out. Here's the schedule: May 1st
- Taste of Wylie - get tickets here: https://bit.ly/40I1jWM May 2nd - [SOLD OUT]
Come join the Social Media Rescue team for an evening of social media
7 68 65 10.29%
We're happy that ABC chose Historic Downtown Wylie, TX as their home-base
back in 2015 where they create amazing animation for tons of brands you
know. Read more about them from an interview we recently had with owner,
Barton Damer - https://bit.ly/42u2VVA #EconDevWeek
7 77 72 9.09%
Shop local and support Wylie's small businesses during #SmallBusinessWeek May
1-7, and the City of Wylie will give you a FREE 1887 Wylie tee! 1 Shop at ANY
Wylie Small Business Merchant and snap a photo between May 1-7. 2 Post your
photo(s) on social media with #iShopWylie AND tag the business. 3 Show your
post to the business and pick up your FREE 1887 Wylie tee while you shop (while
5 65 58 7.69%
Happy Easter, Wylie! We hope you get to spend time with loved ones today.4 58 45 6.90%
Post Name Engagement Impressions Reach Engagement Rate
Total 42 532 487 7.89%
Previous period Previous year
210
2%6%
Previous period Previous year
5.24%
-11%-64%
Post
Vanilla - Sweet and oh so colorful! 😊 @GOTEXAN @dal…131
INSTAGRAM INSIGHTS
FOLLOWERS FOLLOWERS BY AGE GENDER LIKES
PERFORMANCE BY POST
TWITTER INSIGHTS
FOLLOWERS FOLLOWER ENGAGEMENT RATE TOP MENTIONS BY FOLLOWERS COUNT
49
07/19/2023 Item DS1.
4of 5
There is no data for this period
Previous period Previous year
8
-11%-62%
Previous period Previous year
0
0%-100%
Previous period Previous year
$459.12
359%-3%
Campaign Name Clicks (All)
Event: 3rd Annual East Collin County Women's Conference 487
Event: Black Tie & Bling | 42nd Community Awards Banquet 439
Event: The Cornament Cornhole Tournament - Spring 2023 431
Event: May Luncheon featuring Leadership Wylie 227
Event: 5:01 P.M. Professional Mixer hosted by the Wylie Chamber of Commerce 183
Event: 5:01 P.M. Professional Mixer at Fish N Tails Oyster Bar 166
Event: 5:01 P.M. Professional Mixer at TNT 76
Post: "LAST CHANCE for Tickets! "32
Post: "IT'S BACK ON! Spring weather in Texas can keep us..."4
Previous period Previous year
57,745
347%-15%
Previous period Previous year
28,400
446%39%
Previous period Previous year
3.54%
-26%-8%
No Ads ran for Discover Wylie during 2nd quarter in 2023.
TOP RETWEETED POSTS MENTIONS RETWEETS
FACEBOOK ADS: WYLIE EDC & CHAMBER
AMOUNT SPENT TOP CAMPAIGN BY CLICKS (ALL)
IMPRESSIONS REACH CTR (ALL)
FACEBOOK ADS: DISCOVER WYLIE
COMMENTS
50
07/19/2023 Item DS1.
5of 5
Previous period Previous year
$0.00
-100%0%
There is no data for this period
Previous period Previous year
0
-100%0%
Previous period Previous year
0
-100%0%
Previous period Previous year
0
-100%0%
Previous period Previous year
0.00%
-100%0%
AMOUNT SPENT TOP CAMPAIGN BY CLICKS (ALL)
IMPRESSIONS REACH CLICKS (ALL)CTR (ALL)
51
07/19/2023 Item DS1.
Q4 REPORT
APRIL- JUNE 2023
52
07/19/2023 Item DS1.
Speak Loud Group 2
T HE
C O N T E N T
53
07/19/2023 Item DS1.
THE
NUMBERS
283,438
2.4M
12K
U N I Q U E O R G A N I C I M P R E S S I O N S
T O T A L M I N S W A T C H E D
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 Group 3
1700 P O D C A S T D O W N L O A D S
54
07/19/2023 Item DS1.
Speak Loud Group 4
TOP
PERFORMERS
New Business Growing Business Event Promo
55
07/19/2023 Item DS1.
Speak Loud Group 5
THE BUZZ
"Taking the family this weekend!"
56
07/19/2023 Item DS1.
Speak Loud Group 6
WHAT'S NEW?
Dine Shop Play Texas has surpassed 8K followers on
all platforms. Another local community has joined
the program. Now Wylie's content is being shared in
other communities as well beyond our own. The goal
being traffic from neighboring communities into
ours. We are seeing this with actions taken on post
and comments on content.
Key Metrics:
Launched - Jan 2023
Followers - 8000+
YouTube Launched Feb 2023
Averaging 2000 new followers per month
57
07/19/2023 Item DS1.
Speak Loud Group 7
VIDEO PROJECTS
Key Large Video Projects:
Chamber Black Tie
Women's Conference
Bluegrass
Pedal Car
Fireworks 2023
Leadership Wylie
Picnic on Ballard
Taste of Wylie
58
07/19/2023 Item DS1.
2023 June Board Meeting ‐ 21st
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
17 Wylie 4th Annual Juneteenth Celebration – Olde City Park
21 7:30 am WEDC‐ Board Meeting
21‐23 TEDC Mid‐Year Conference – Allen, TX – jg, aw, rh ‐ 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
2023 July Board Meeting – 19th
Day Time Meeting/Event
2 9:45 pm City of Wylie Fourth of July Fireworks
2‐8 Soccer Event – Wylie, TX
6 2:00 pm Budget Discussion – mb, aj, jg, rh
4 CLOSED 4th of July Independence Day
11 6:00 pm City Council – WEDC Budget Work Session with Council
17 4:00‐7:00 pm Canva for Entrepreneurs ‐ rh
19 7:30 am WEDC‐ Board Meeting
25 11:30 am Wylie Chamber of Commerce‐ 2023 New Teacher Luncheon
25 6:00 pm City Council – FINAL Budget Work Session
27 5:01‐7:00 pm 5:01 PM Professional Mixer – Fuel City
2023 August Board Meeting – 16th
Day Time Meeting/Event
1 8:30‐9:30 am WDMA Meeting
8 6:00 pm City Council
13‐15 SEDC Annual Conference – San Antonio, TX
16 7:30 am WEDC‐ Board Meeting
22 11:30 am Wylie Chamber of Commerce‐ Monthly Luncheon (Non‐Profit Spotlight)
22 6:00 pm City Council
28‐31 Team Texas ‐ 2023 Texas Economic Summit
31 Retail Live South Central 2023 – Austin, TX
Around the Corner…
Wylie Rodeo – September 8 – 9, 2023
IAMC Fall Forum – September 9‐13, 2023
IEDC 2023 Annual Conference – Dallas, TX – September 17 – 20, 2023
TEDC Sales Tax Workshop ‐ Richardson, TX ‐ September 22, 2023
TEDC 2023 Annual Conference – Houston, TX – October 11 – 13, 2023
TEDC Sales Tax Workshop Virtual – December 3 – 15, 2023
59
07/19/2023 Item DS1.