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12-20-2023 (WEDC) MinutesMinutes Wylie Economic Development Corporation Board of Directors Meeting December 20, 2023 — 7:30 A.M. WEDC Offices —Conference Room 250 S Hwy 7Wylie, TX 7509 CALL TO ORDER Announce the presence of a Quorum President Melisa. Whitehead called the meeting to order at 7:31 a.m. Board Members present were Aaron Jameson, Whitney McDougall, and Blake Brininstool. Ex-Offcio Member City Manager Brent Parker was present. DC staff present included Executive Director Jason Greiner, Assistant Director Racael Hermes, BRE Director Angel Wygant, and Administrative Assistant Marissa. Butts. Demond Dawkins arrived during consideration of Consent Agenda at 7:32 a.m. Ex-Officio Member Mayor Matthew Porter arrived at 7:33 a.m. INVOCATION I, ALLEGIANCE CityManager Brent Parker gave the invocation and led the Pledge of Allegiance. COMMENTS ON NON-AGENDA5 With no citizen participation, 'PresidentWhitehead 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. Considera act upon approval of Minutes from oe e , 2023, Regular Meetingf the WEDC Board of Directors. B. Consider aact upon approvalof the November 2023 WEDC Treasurer's Report. Board cio -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 5-0. WEDC — Minutes December 20, 2023 Page 2 of 3 REGULARAGENDA . Consider aact upon a First Amendment tote Performance Agreement between the WEDC and Sanden International .A.), Inc. Staff Comments Staff reminded the Board that City Council approved Project 2021-9f on June 27, 2023, and the VVEDC approved the Performance Agreement with Sa den International (U.S.A.), Inc. in an amount not to exceed $500,000 on September 20, 2023. This First Amendment to the Performance Agreement provides a 90-day extension to allow Sden adequate time to get final fire inspection and provide additional documentation to confirm the $25MM project costa Board Action A motion was made by Blake Brininstool, seconded by Whitney McDougall, to approve a First Amendment to the Performance Agreement between the WEDC and Sanden International (U.S.A.), Inc. A vote was taken, and the motion passed 5-0. DISCUSSION 1. Discussion regarding _ CSC. Staff o a is Staff referred the Board to the Agenda Report provided in the packet for information related to the upcoming ICSC events. The Board then discussed their experiences at past ICSC events and their individual interest in attending future ICSC events. Additionally, the Board inquired about the benefits and connections that the EDC have gained from attending the ICSC events. Staff referenced Direct DevelopentlTarget and Clark Street/Kroger developments as results of attending ICSC events. , S, Staff report: WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Rep, 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 WEDC Property Update; Temporary Access ,Agreements, Downtown Parking, Engineering Report, ; Upcoming Events, and VVEDC Activities/Programs. EXECUTIVESESSION Recessed into Closed Session at 8.00 a.m. in compliance with Section 551.001, et. seq. Texas Government -Code, to wit: See. 551.072. DELIBERATION ; CLOSED MEETING. 1. Consider the sale or acquisitionof properties located at Brown/Eubanks,/Coo er, FM 544/Sanden, FM 1378/Park, .Jackson/Oak, RRegency/Steel, State Hwy 7 /Alanis, State Hwy 78/Brown, and State Hwy 7 / ie . WEDC — Minutes December 20, 2023 Page 3 of 3 See. 551.074. PERSONNEL MATTERS; CLOSED Sec. 551.087. DELIBERATION REGARDI[NG ECONOMIC; CLOSED 2. Deliberation regarding commercial or financial information .that the WEDC has received from a business prospect and to discuss the offer ofincentives for rejects: ,- -Ic, 2022-10c, - la, -c, 2023-2b, -2 , -3 , 2 - c, 2023-5b, 2023-8a, 2023-9b, 2023-10a, 2023-11a, 2 -a, -2 , 2023-12c, a - 2 . RECONVENE Take any action as a result of the Executive Session. President Whitehead reconvened into Open Session at 9:16 a.m. FUTUREA ITEMS There were no Items requested for inclusion on future agendas. ADJOURNMENT With no further business, President Whitehead adjourned the VVEDC Board meeting at 9:16 a.m. Melisa Whitehead, President ATTEST: rr aso lei "Jecerecta e