08-28-2012 (WEDC) Minutes Minutes
Special Meeting
August 28, 2012—6:30 P.M.
(Following the Regular Meeting of the Wylie City Council)
Wylie Municipal Complex—City Council Chambers
300 Country Club Road—Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Marvin Fuller called the WEDC Board of Directors to order at 7:50 p.m. Board
Members present were: Todd Wintters, John Yeager, and Mitch Herzog.
WEDC staff present was Executive Director Sam Satterwhite and Senior Assistant Gerry Harris.
Sanden representatives in attendance included Mark Ulfig, Jimmye Phaup, and Kumar
Coimbatore.
JOINT WORK SESSION WITH WYLIE CITY COUNCIL
Hold a joint work session between the Wylie City Council, Sanden International (U.S.A.),
Inc., and the Wylie Economic Development Corporation Board of Directors to receive an
update from Sanden officials on matter pertaining to strategic partnerships and future
investment in the Wylie community in addition to an update on commercial activity in the
Wylie community provided by the Wylie City Council and WEDC.
Mayor Hogue welcomed Sanden and WEDC officials to the special called work session. Mayor
Hogue continued by complimenting Sanden for its significant impact throughout the Wylie
community and expressed optimism toward the ability of Sanden, the City Council, and WEDC
to partner together for the benefit of the Wylie community and its local economy.
Sanden officials presented an overview of Sanden's global operations with an emphasis on their
Wylie plant which employs 572 full-time and approximately 300 part-time personnel. Sanden
Chairman/CEO Mark Ulfig briefed the Council on Sanden's intention of developing a new
manufacturing line which will produce pistons for their PX Compressor. Mr. Ulfig commented
that the new line will be operational by the first quarter of 2013 at a cost of$24.215 mm. The
two locations being considered by Sanden's leadership are existing plants in Wylie and
Mexico. Mr. Ulfig also stated that while local representatives are pressing for the new
investment to be made in Wylie,many factors are involved in this decision making process.
Sanden's General Manager of Plant Operations Kumar Coimbator commented that it will cost
Sanden $1 mm more each year to operate the new piston line in Wylie. Council member Goss
commented that all the decision makers were present who could address any financial assistance
necessary to offset the $1 mm gap. WEDC Director Satterwhite commented that the WEDC had
presented Sanden with an incentive package which is a combination of grants and a tax
abatement but the estimated value of the package can in no way offset the gap in operating
costs. Mr. Ulfig suggested that Mr. Satterwhite, Mr. Coimbator, and Mr. Jimmye Phaup, Sanden
WEDC—Minutes
August 28, 2012
Page 2 of 2
Sr. Vice Present, meet in the near future to discuss what additional assistance may be available to
secure the location of the piston line in Wylie.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 8:06 p.m.
1/14 aAr141
Marvin Fuller,President
ATTEST:
Samuel Satterwhite, Di ector