03-05-2014 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Wednesday, March 5, 2014 12:00 P.M.
WEDC Offices—Conference Room
250 South Highway 78—Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Marvin Fuller called the meeting to order at 12:00 p.m. Board Members present were
John Yeager, Todd Winners, and Mitch Herzog.
Ex-officio members Eric Hogue and Mindy Manson were present.
WEDC staff present was Executive Director Sam Satterwhite and Senior Assistant Gerry Harris.
CITIZEN PARTICIPATION
With no citizen participation, Mr. Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the February 21, 2014 Minutes of the
Wylie Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Mitch Herzog and seconded by John Yeager to
approve the February 21, 2014 Minutes of the Wylie Economic
Development Corporation. The WEDC Board voted 4 — FOR and 0 —
AGAINST in favor of the motion.
EXECUTIVE SESSION
The WEDC Board recessed into Closed Session at 12:01 p.m. in compliance with Section
551.001 et.seq. Texas Government Code to wit:
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas
Code Annotated(Open Meetings Act).
• Project 2013-5c
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the acquisition of property located near the intersection of:
• Oak Street &Jackson Avenue
WEDC—Minutes
March 5, 2014
Page 2 of 3
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 12:18 p.m. and took the
following action.
MOTION: A motion was made by John Yeager and seconded by Mitch Herzog
authorizing the purchase of 0.171 acre, more specifically known as Lot 20R,
Block 1 of the Brown and Burns Addition, Wylie, Texas from Augustine
and Ima Udoh in the amount of $70,00Q plus closing costs, AND the
purchase of approximately 0.172 acre, more specifically known as Block 1,
Lot 13 of the Kellers 1st Addition, Wylie, Texas from Robert Heath and
Mark Fuller in the amount of $220,000 plus closing costs, further
authorizing WEDC President Marvin Fuller to execute all documents
necessary to effectuate the purchase of the above properties. The WEDC
Board voted 4—FOR and 0—AGAINST in favor of the motion.
Staff determined that a posted item in Executive Session had been overlooked and requested that
the Board again recess into Closed Session to discuss the item.
EXECUTIVE SESSION
The WEDC Board recessed into Closed Session at 12:20 p.m. in compliance with Section
551.001 et.seq. Texas Government Code to wit:
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas
Code Annotated(Open Meetings Act).
• Project 2013-5c
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the acquisition of property located near the intersection of:
• Oak Street &Jackson Avenue
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 12:28 p.m. and took no action.
WEDC—Minutes
March 5, 2014
Page 3 of 3
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 12:28 p.m.
1/7/14.6fri•
Marvin Fuller, President
ATTEST:
Samuel Satterwhite,Director