08-24-2010 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Tuesday, August 24, 2010 — 4:30 P.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 4:30 p.m. Board Members present were: John
Yeager, Mitch Herzog, and Chris Seely.
WEDC staff present was Executive Director Sam Satterwhite and Administrative Assistant
Gerry Harris.
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 August 20, 2010 Minutes of the
WEDC Board of Directors Meeting.
MOTION: A motion was made by John Yeager and seconded by Chris Seely to
approve the August 20, 2010 Minutes of the WEDC Board of Directors
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 4:32 p.m.
The WEDC Board Recess into Closed Session at 7:24 am, in compliance with Section 551,001,
et.seq. Texas Government Code, to wit:
Section 551.087 (Economic Development Negotiations) of the Local Government Code,
Vernon's Texas Code Annotated (Open Meetings Act).
Deliberate commercial or financial information that the WEDC has received from a business
prospect and deliberate the offer of incentives to a business prospect.
Section 551.072 (Real Property) of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
Discuss purchase of property generally located near the intersection of State Highway 78 and
Martinez Lane.
WEDC — Minutes
August 24, 2010
Page 2 of 2
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 5:35 p.m.
Due to a loss of a quorum, it was announced that the Executive Session would be continued on
August 25, 2010 at 9:00 a.m.
ADJOURNMENT
President Fuller adjourned the WEDC Board meeting at 5:35 p.m.
EXECUTIVE SESSION CONTINUATION
Vice President Mitch Herzog called the meeting to order at 9:01 a.m. on August 25, 2009. Board
Members present were: John Yeager, Todd Wintters, and Chris Seely.
WEDC staff present was Executive Director Sam Satterwhite and Administrative Assistant
Gerry Harris.
The WEDC Board of Directors convened into Executive Session at 9:01 a.m. President Marvin
Fuller arrived at 9:14 a.m.
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at10:30 a.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 10:30 a.m.
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Marvin Fuller, President
ATTEST:
_
Samuel D.R. Satterwhite
Executive Director