11-16-2006 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Thursday,November 16, 2006—6:00 A.M.
Inwood National Bank—Conference Room
200 South Hwy. 78—Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum.
President Fuller called the meeting to order at 6:00 a.m. Board Members present were: John
Yeager, Mitch Herzog, Merrill Young, and Gary Bartow.
Staff present were Executive Director Sam Satterwhite and Administrative Assistant Gerry
Harris.
Others present were Ex-officio Members Mayor John Mondy and City Manager Mindy Manson.
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 October 19, 2006 Minutes of the
WEDC Board of Directors Meeting.
MOTION: A motion was made by John Yeager and seconded by Gary Bartow to
approve the October 19, 2006 Minutes of the WEDC Board of Directors
Meeting. The WEDC Board voted 5 — FOR and 0 —AGAINST in favor of
the motion.
ITEM NO. 2 —(MOTION TO REMOVE FROM THE TABLE): Consider and Act Upon
Issues Surrounding Approval of the September 2006 WEDC Treasurer's Report.
MOTION: A motion was made by Gary Bartow and seconded by Merrill Young to
remove the September 2006 Treasurer's Report from the table. The WEDC
Board voted 5—FOR and 0—AGAINST in favor of the motion.
A motion was made by Merrill Young and seconded by John Yeager to
approve the September 2006 Treasurer's Report. The WEDC Board voted 5
—FOR and 0—AGAINST in favor of the motion.
WEDC—Minutes
November 16, 2006
Page 2 of 3
ITEM NO. 3 — Consider and Act Upon Issues Surrounding Approval of the October 2006
WEDC Treasurer's Report.
Staff identified several unresolved issues within the Treasurer's Report. Items of concern were
misclassification of salaries into the overtime account, a $1,865 encumbrance within Office
Supplies, and staffs inability to provide details surrounding $24,820.58 of expenditures within
Special Services.
MOTION: A motion was made by Merrill Young and seconded by Gary Bartow to
table the October 2006 Treasurer's Report. The WEDC Board voted 5 —
FOR and 0—AGAINST in favor of the motion.
EXECUTIVE SESSION
The WEDC Board of Directors convened into Executive Session at 6:36 a.m.
I. Convene into Executive Session to Hold Deliberations Regarding
Economic Development Negotiations (offer of financial incentives to
"Project Anchor") as Authorized in Section 551.087 of the Local
Government Code, Vernon's Texas code Annotated (Open Meetings
Act).
II. Convene into Executive Session to Hold Deliberations Regarding
Economic Development Negotiations (offer of financial incentives to
"Project 95K") as Authorized in Section 551.087 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 7:11 a.m. No action was taken
as a result of the Executive Session.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 7:21 a.m.
Zi&
�. Marvin Fuller,President
WEDC—Minutes
November 16, 2006
Page 3 of 3
ATTEST:
Samuel D.R. Satterwhite
Executive Director