07-14-1992 (WEDC) Agenda Packet DATE: 07/10/92
TIME POSTED: 3:30 P.M.
MEETING
DEVELOPMENT CORPORATION OF WYLIE, INC .
TUESDAY , JULY 14, 1992
4 : 00 PM
2000 HIGHWAY 78 NORTH, WYLIE, TEXAS
CALL TO ORDER
ORDER OF PAGE
BUSINESS NUMBER BUSINESS
1 Discuss and Consider Approval of Minutes of
June 9, 1992 Regular Meeting of the Development
Corporation of Wylie , Inc .
2 Discuss and Consider Treasurer's Report
3 Oath of Office for New Member
4 Discuss and Consider Appointment of Secretary/
Treasurer
5 Discuss and Consider Proposal from Master Brake Svc .
6 Discuss and Consider Proposal from Physicians
Regional Hospital
7 Report from ExecutiveDirector
8 Finalize Semi-Annual Report to City Council
9 Recess Open Meeting
10 Convene to Workshop to Discuss Goals and Objectives
11 Reconvene Regular Meeting
12 Citizen Participation
In Accordance With the Open Meeting Act , the
Development Corporation will hear comments of
Public Interest From Residents of the City of
Wylie . Any discussion must be limited to
placing the item on a future agenda for further
Consideration.
13 Wylie Residents Wishing to Speak Should Limit
Remarks to a Maximum of Five ( 5) Minutes
14 Adjourn
NOTICE OF MEETING
Notice is hereby given that the Economic Development Co poration Board of
Wylie will meet at 4 : 00 P.M. on the � day of t , 1992
at 2000 Highway 78, North, in the City of Wylie , Texas , for the purpose
of considering the above agenda .
Carolyn Jone , City Secretary
POSTED THIS THE /Q DAY O , 1992 , AT . .3v".
MINUTES '
DEVELOPMENT CORPORATION OF WYLIE, INC.
JUNE 9, 1992
The Directors of the Development Corporation of Wylie, Inc . ,
met in regular session at 4: 30 PM on Tuesday, June 9, 1992
in the Break Room of the Municipal Complex, 2000 SH78 N. ,
Wylie, Texas. A quorum was present and notice of the
meeting had been posted in the time and manner required by
law. Those present were Jim Smith, President , Bart
Peddicord, Secretary-Treasurer , James Blakey, John Yeager ,
John Tobin, Executive Director Charles Womack, Mayor John
Akin, City Manager Steve Norwood and Barbara LeCocq,
Secretary.
The Meeting was called to order by President Jim Smith.
ITEM NO. _1_7_ DISCUSS AND CONSIDER APPROVEL_OF MINUTES FR[}M
MEETING HELD ON_MAy__12,_1992: A correction to Item No. 3,
CHAMBER OF COMMERCE PRESENTATION, was to note that John
Yeager had made a motion to give the Economic Development
Committee of the Chamber of Commerce $12, 000 with the first
quarterly payment of $3000 being made on June 1 , 1992 and
the final payment being made on March 1 , 1993. A
correction was made to change the word "Board" following
Development to ''Corporation" . Corrections were made in
punctuation and typographical error . Typos and corrections
as to content will be noted. A motion was made by James
Blakey to approve the minutes as amended, seconded by Bart
Peddicord . Motion carried, all in favor .
ITEM NO. 2 - CITY MANAGER PRESENTATION OF BUSINESS_PARKS
NEEDS: Mr . Norwood stated that he was not formally asking
for anything at this time; however , that may come at a later
date. City Manager Steve Norwood asked that the Development
Corporation look at doing some street reconstruction in the
business parks. Mr . Norwood ackowledged there might be some
legalities that would need to be observed; however , he
stated, that EDC funds can be legally used to improve the
streets in the existing parks. There is a need to upgrade
signs and look at increasing industrial growth as well as
retail businesses. Mr . Norwood stated that the present
state of some of the business parks is not one that would
present an enticing image to a prospective buyer . Mr .
Norwood asked that the Development Corporation use some of
the money that is generated by the 1/2 cent sales tax to
upgrade the streets in these business parks to encourage
businesses to relocate to Wylie. Mr . Norwood said he felt
the Corpoation needs to spend some money for business
retainage as well as to bring in new business.
ITEM NO. 3 - REVIEW SCRIPT FOR VIDEO AND AUTHORIZE ANY
NECESSARY CHANGES: Jim Smith stated that the interviews do
not project the image the Corporation is looking for .
Charlie Wc'rn.ack: stated that he had nine comments: r. 1 ) need to
include the number of churches in the City; (2) need to use
one of the new elementary schools; f3) include the
Birmingham house; (4) include the Birmingham scholarship
fund; (r) mention City' = outstanding Police and Fire
Departments; (F6) have .a picture and dialog of PIP meeting
;P.artners in Development ) ; include some of the better
resident:i. al homes: (8) include the Wylie Supermarket because
it has been here for a long time; i,q have our citizens
write out their comments and then dub in the voice of a
professional speaker . Discussion pointed to a need to
include Armory and Extruders as well as include Rustic Oaks
addition rathec'r than Wyndham Estates. Try to get a blend of
the void and the new. Li 'et was passed around to members by
.f
_ ITt Smith to .=a d d to t h e i i._t of i-h i n iy'-?. to i be included in t}l B
video. Jim Smith se:I.d he would contact Michael Brown,
producer the video, and give him the Corporations
comment:..
ITEM NO. 4 - DISCUSS AND CONSIDER SEMI-ANNUAL REPORT TO THE
CITY OF WYLIE: Report due to the City of Wylie in June.
Covers period November to June (through May) . Charlie
Womack , Jim Smith, and Bart Peddicord will prepare a report
to the City.
ITEM NO. 5 - DISCUSS AND CONSIDER QUESTIONNAIRE FROM THE
CORNERSTONE GROUP: Jim Smith asked if the members wanted to
respond. It is a survey that the Texas Municipal League
asked the Cornerstone Group to prepare. It is a survey to
determine the way in which the EDC funds are being or will
be used. Members filled out questionnaire together at the
meeting.
ITEM NO. 6 - REPORT FROM EXECUTIVE DIRECTOR: There are
three compnaies that are at this point , considering moving
their operations to Wylie. They are Metro Cast , Golden
Fickle and Master Brake Systems, Inc . The Director ' s report
is attached to the minutes, and are a part of the minutes.
ITEM NO. 7 - DISCUSS AND CONSIDER AUTHORIZING PAYMENT TO
CITY OF WYLIE FOR PURCHASE OF OFFICE SUPPLIES - NAME PLATES
FOR $22. 75: Motion was made and seconded to pay City for
the name plates in the amount of $22. 75. Motion carried,
all in favor .
ITEM NO. 8 - DISCUSS AND CONSIDER TREASURER'S REPORT: Bart
Peddicc'rd, Treasurer- reported that the Balance on hand on
4. 41. 92 was $294, 687. 77. Expenditures were $424. 75 to
Charlie Womack, salary; $95. 00 Womack, expenses; $78. 00
Provident Bank, supplies; $50. 00 City of Wylie, rent ;
$424. 73, Womack: salary. Income $20, 523. 58 from City of
Wylie sales tax revenue; $912. 83 Provident BanF::, interest on
deposits. Total 5. 31 . 92, $31F,, 051 . 68. These accounts are
reconciled with the bank statement . Liabilities - income tax
withheld and all employment taxes '$679. 00, obligation to
Holland Hitch of $28, 000. Treasurer ' s report accecpted by
unanimous. vote.
ITEM NO. 9 RECESS OPEN MEETING & ITEM NO. 10 RECONVENE INTO
WORKSHOP: Regular meeting was recessed and the workshop
convened by President Jim Smith . General Discussion
included :regit _'_'_ for Corporation to underwrite down payment
of $50, 000 for Robert Arden to purchase the strip Center
where his business is located. Offers a second lien for
five years at: i2 interest . Discussed the need to identify
commercial and industrial properties. John Yeager stressed
the need for some written guidelines and an application for.
companies requesting grants and/or aid from the Corporation.
Di =:.rus=e" _!._tnga.ng meeting time to00 PM from 4: 0 FM.Concen: is was tom make that change and to instruct the
secretary to be sure and underline that fact on the next
agenda.
ITEM NO. 11 - RECONVENE REGULAR MEETING
ITEM NO. 12 - CITIZEN PARTICIPATION: None
ITEM NO. 14 - ADJOURNMENT: There ;ei ;n;g no further business,
.he meeting ting was ad turned by sir!_.i Jn.
Jim Smith , Fresid n.t -- -
Retfully 'submitted:
i
• f4,:/// ' ,J.L.W
_// /
Barbara LeCocq, Secret ry
ACTIVITIES DURING MAY 1992
Currently, we are visiting with three separate companies
that have indicated an interest in moving their operations to
Wylie. These companies are: Metro Cast, Golden Pickle and Master
Brake Systems, Inc.
We have discontinued current dialogue with two prospects
that indicated an interest provided there were sufficient
financial incentives to warrant a move to Wylie. These incentives
include: cash grants, tax abatements, working capital loans, and
unencumbered business properties. The companies that have
discontinued dialogue are: N.T. , Inc. and Innovative
Manufacturing, Inc.
One local company has requested an outright cash grant
totalling $75, 000. 00. This request is made because the owner has
recently purchased and moved another company to the City of
Wylie. An on-site inspection and a oral interview has been
conducted by all members of the Board of Directors, Development
Corporation of Wylie, Inc. The reluctance of the owner to furnish
sufficient current financial information has delayed a definite
response to the request.
All directors of the Development Corporation and members of
the Economic Development Council attended an all day training
session in Dallas with members of the Texas Utilities Economic
Development Department. Several members of the TU group spoke on
various business development subjects. They emphasized that
business and industrial development doesn't materialize
immediately, but is a long tedious negotiating period before
positive results are realized. They emphasized the fact that all
governing entities and the community must work together in any
attempts to bring new business to a city. Another strong
admonition was: "Do not forget the existing businesses that are
now located in your city, because they are your greatest allies
when a prospect makes inquires about the business climate of your
city. "
On June 3, 1992 the Economic Development Training Division
of the Texas A. & M. University System will conduct an all day
seminar in conjunction with Garland Economic Development
Department. This seminar will deal with business retention and
expansion. I plan to attend, because the information should be
helpful in my current negotiations with two local companies that
are experiencing temporary financial problems.
The Economic Development Council and the Chamber of Commerce
are hosting a luncheon in early June at the Birmingham Elementary
School for all retail establishments, service companies, and
professional people. This meeting should indicate to the business
community that their endeavors are appreciated.
Beginning July 1, I will become a full-time employee of the
corporation and move my permanent office to the Wylie City Hall
Complex. You are welcome to visit my office or call the city
number 442-2236. I will appreciate any assistance, referrals or
any other information that will promote and retain a strong
business and industrial economy in Wylie.
PROSPECT REPORT
N. T. Inc.
All negotiations have
start-up re been suspended because
stncial
prt up capabilities far exceeded the their
either city or the corporation.
Terry Mulholland d/b/a negotiations
Innovative Manufacturing
ne otiations have been to Co.
management has raised sufficient terminated
management puntil
start-up operation.
capital to organize a
Andacor, Inc.
No dialogue during May because there were
no properties
that would be of interest to their inves Metrocast tors.
No progress to report
business from Garland to the re-location of negotiate f e Wylie. A local bank thisc
to ne st Admanistraan firnthe company with th continues
contractBue to The company signed Small
understand thethe old Tarrant in a
butwoption has expired.
building
development indicates a possibleproblemxed. This
sufficient funds to finance t ve
he move, in acquiring
Perma Tune, Inc.
No new ofdevelopments. owner of
friendMr. Harold The this company Engineering CO, Smith owner of R & D Aeronautical
is a
Engi theMr. Smith is seekingAeronautical
from
development corporation a cash
no action to and I believe
madek nmove this company until decision will
regarding his request, a is
Golden Pickle
Co
Gampand, is owned by Mr. Steve
The company been ollettin business and is
and has continue has located in
yearseran larger toincrease for eighteen
facilities, sales that now
any expansion Their present location
restrict another expansion
site. . plans and theywill
move
but They have contrcted forcided to
ini Garland bu tare finding it difficult a site
extendeddng ptermit
from the city. to obtain a
s d theyconsider a move Wylie invitation we has been
ass would appraise locating alternateaatdaneben
Master
Brake Systems, Inc.
This is young
deviceng
his for tee company that has
domiciled trucking Industryed
is are • •The tom
unable to expand in their
additional space but
principal owners present location.
thes very te has a machine shop One of
Wes erinterestedted two in moving the company Pin Wylie and he
haveuntil the sites, but to our city.
acility, other partners have an chancestoninspectlbe
made
each