10-19-2007 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Friday, October 19, 2007—6:00 A.M.
Inwood National Bank—Conference Room
200 South Highway 78—Wylie,Texas
CALL TO ORDER
Announce the presence of a Quorum
President Fuller called the meeting to order at 6:04 a.m. Board Members present were: John
Yeager, Mitch Herzog, and Chris Seely.
Staff present was Executive Director Sam Satterwhite and Administrative Assistant Gerry Harris.
Assistant City Manager/Police Chief Jeff Butters was present.
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 September 25, 2007 Minutes of the
WEDC Board of Directors Meeting.
MOTION: A motion was made by Mitch Herzog and seconded by Chris Seely to
approve the September 25, 2007 Minutes of the WEDC Board of Directors
Meeting. The WEDC Board voted 4 — FOR and 0 — AGAINST in favor of
the motion.
ITEM NO. 2 — Consider and Act Upon Issues Surrounding Approval of the September
2007 WEDC Treasurer's Report.
MOTION: A motion was made by John Yeager and seconded by Chris Seely to
approve the September 2007 WEDC Treasurer's Report. The WEDC Board
voted 4—FOR and 0—AGAINST in favor of the motion.
EXECUTIVE SESSION
The WEDC Board of Directors convened into Executive Session at 6:10 a.m.
I. Consider and Act Upon Issues Surrounding the Purchase of Properties Located on Cooper
Drive as Authorized in Section 551.072 (Real Property) of the Local Government Code,
Vernon's Texas Code Annotated (Open Meetings Act).
WEDC—Minutes
October 19, 2007
Page 2 of 2
II. Consider Issues Surrounding a Performance/Incentive Agreement between the Wylie
Economic Development Corporation and Greenway Development Company as Authorized
in Section 551.087 (Economic Development Negotiations) of the Local Government Code,
Vernon's Texas Code Annotated (Open Meetings Act).
III. Consider Issues Surrounding the Provision of Economic Assistance to Direct Development
as Authorized in Section 551.087 (Economic Development Negotiations) 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 7:12 a.m. No action was taken
as a result of discussions held in Executive Session.
ADJOURNMENT
With no further business, President Marvin Fuller adjourned the WEDC Board meeting at 7:13
a.m.
(6/1/14/'
Marvin Fuller, President
ATTEST:
Samuel D.R. Satterwhite
Executive Director