08-15-1995 (WEDC) Minutes Minutes
THE DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, August 15, 1995
The Directors of the Development Corporation of Wylie,Inc. met in regular session at 6:00 PM, Tuesday,
August 15, 1995 in the Chamber of Commerce Board Room at 108 Marble Street, Wylie, Texas. A
quorum was present and notice of the meeting had been posted in the time and manner required by law.
Present were President John Yeager, Secretary-Treasurer Marvin Fuller, Directors Irene Messenger and
J. C. Worley; Executive Director Charlie Womack, Acting City Manager Mike Collins and newly
appointed director, Kevin St. John.
The meeting was called to order by President John Yeager.
ITEM NO.3-Review and Consider approval of minutes of regular meeting held July 18, 1995 and
special called meeting held on July 24, 1995. President Yeager chose to take this item out of order
while waiting for Kevin St. John to arrive. A motion was made by Marvin Fuller to approve the minutes
of the meeting held on July 18, 1995 and July 24, 1995 as submitted. Motion seconded by J. C. Worley.
All in favor- motion carried.
ITEM NO. 1 - Administer Oath of Office to newly appointed board member. The Oath of Office
was administered to Kevin St. John by Barbara LeCocq, secretary/notary public.
ITEM NO.2-Nominate and elect corporation officers for the coming year. A slate of officers was
nominated, President John Yeager, Vice-President J. C. Worley, Secretary/Treasurer Marvin Fuller.
Kevin St. John made a motion to elect the slate of officers as named. Motion seconded by Irene
Messenger. All in favor- motion carried.
ITEM NO. 4- Review and Consider approval of Treasurer's Report. Total funds available 7/1/95
$279,509.72; income plus available funds = $297.862.04 total funds available during June; expenses
during month of July$4518.73;Petty Cash Activities $368.75; total funds available 8/1/95 $293,712.06.
A motion was made by Irene Messenger to approve the treasurer's report as submitted. Second by J. C.
Worley. All in favor-motion carried.
ITEM NO.5-Report from Executive Director. PHYSICIANS REGIONAL HOSPITAL, continues
to experience revenue billings insufficient to meet their projected budget. JIM MEARA d/b/a/ THE
MEARA COMPANY reports a shortage of available lots and the start of development Phase#2 to fill that
gap. Homes sell in the $125,000 range. SAVAGE PRECISION FABRICATION, INC. has shown a
marked interest in the Johnston Building. DEPENDABLE AUTO SHIPPERS, INC. are interested in the
Century Redi-Mix property. No purchase contract has been given, but they are looking for financing
terms. NEW PROSPECT continues to express desire to move to Wylie. Has authorized accountant to
acquire some estimated building costs and locate financing for such a project. IN AUGUST had meeting
with (unnamed) Japanese prospect from Illinois. COLLIN COUNTY COMMUNITY COLLEGE -
Lenders Training Program. Mr. Womack attended an all-day program sponsored by the Small Business
Development Center of CCCC, primarily devoted to the Small Business Administration's assistance in
helping small business with their financial needs.
The Development Corporation of Wylie, Inc.
Minutes -August 15, 1995
ITEM NO. 6 - Discuss and Consider approval of a financial assistance package for Savage
Precision Fabrication, Inc. Marvin Fuller said he would want something more definite about their
(Savage) needs. They generate no sales tax but will have taxable personal property and real property.
J. C. Worley made a motion to contribute $1500 towards a required environmental study. Irene
Messenger seconded the motion. All in favor-motion carried.
ITEM NO. 7 - Discuss follow-up Economic Development Workshop scheduled for Wednesday,
September 20, 1995 to be held in the auditorium of Sanden International,USA, Inc.,601 Sanden
Blvd.,Wylie. This meeting with the Cornerstone Group will be held on September 20, 1995, at 6:00 PM
in the auditorium of Sanden International, USA.
ITEM NO. S- Citizen Participation -None
ITEM NO. 9 -Adjournment
7s/ger,/'resident
Attest:
Bar a LeCocq, Secret