07-29-2010 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Thursday, July 29, 2010 — 11:30 A.M.
Inwood National Bank— Conference Room
200 South Highway 78 — Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Fuller called the meeting to order at 1 1:30 a.m. Board Members present were: John
Yeager, Mitch Herzog, and Todd Winners.
WEDC staff present was Executive Director Sam Satterwhite and Administrative Assistant
Gerry Harris.
Ex-officio members Mayor Eric Hogue, and Mindy Manson were present. Also present was
Assistant City Manager Jeff Butters.
CITIZEN PARTICIPATION
There being no citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the July 14, 2010 Minutes of the WEDC
Board of Directors Meeting.
MOTION: A motion was made by Mitch Herzog and seconded by John Yeager to
approve the July 14, 2010 Minutes of the WEDC Board of Directors
Meeting. The WEDC Board voted 4 — FOR and 0 — AGAINST in favor of
the motion.
ITEM NO. 2 - Consider and act upon issues surrounding the FY 2010 — 2011 WEDC
Budget.
MOTION: A motion was made by Todd Winners and seconded by John Yeager to table
this item until the next meeting. The WEDC Board voted 4 — FOR and 0 —
AGAINST in favor of the motion.
EXECUTIVE SESSION
The WEDC Board of Directors convened into Executive Session at 1 I:31 a.m.
I. Recess into Closed Session in compliance with Section 551.087 of the Texas Government
Code, in order to deliberate regarding commercial or financial information that the WEDC
has received from a business prospect and to deliberate the offer or other incentives to a
business prospect.
WEDC — Minutes
July 29, 2010
Page 2 of 2
IL Consider issue surrounding Personnel Matters (evaluation of the Executive Director) as
authorized in Section 551.074 of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 12:11 p.m.
The WEDC Board of Directors was presented with project details surrounding Project 95k.
Project 95k officials discussed their equity partners, start-up capital required, employment
figures, facility requirements, equipment purchased, etc.
No action was taken as a result of discussions held in Executive Session.
EXECUTIVE SESSION
The WEDC Board of Directors convened into Executive Session at 1:00 p.m.
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 1:09 p.m.
No action was taken as a result of discussions held in Executive Session.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 1:l 0 p.m.
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Marvin Fuller, President
ATTEST:
Samuel D. ' . Satterwhite
Executive Director