03-20-2008 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Monday, March 20, 2008 — 6:00 A.M.
Inwood National Bank—Conference Room
200 South Highway 78 —Wylie,Texas
CALL TO ORDER
Announce the presence oui
President Fuller called the meeting to order at :00 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.
Ex- fio Board Member Mindy Manson was present.
CITIZEN PARTICIPATION
There being no citizen participation, President Fuller proceeded to Action Items,
ACTION ITEMS
ITEM NO. I — Consider and Act Upon Approval of the March 10, 2008 Minutes of the
WEDC Board of Directors Meeting.
President Fuller asked that Item No. 3 reflect that Vice President Young conducted the WEDC
Board Meeting following Fuller's departure from the meeting citing a conflict of interest. A
second amendment to the minutes was requested citing Fuller's return to the meeting following
discussions surrounding Item No. 3.
MOTION: A motion was made by John Yeager and seconded by Mitch Herzog to
approve the March 10, 2008 Minutes of the WEDC Board of Directors
Meeting as amended. The WEDC Board voted 4 —FOR and 0—AGAINST
in favor of the motion.
ITEM NO. — Consider and Act Upon Approval of the February 2008 WEDC Treasurer's
Report.
MOTION:; A motion was made by Chris Seely and seconded by John Yeager to
approve the February 2008 WEDC Treasurer's Report. The WEDC Board
voted 4—FOR and 0—AGAINST in favor of the motion.
WEDC—Minutes
March 20, 2008
Page 2 of
ITEM NO.3—Staff Update: Review Staff Activities and Ongoing WEDC Projects.
Kansas City Southern Railway Company: Staff contacted Staubach representatives on March
18, 2008 to inquire as to the proposed purchase of KCS property on Cooper Drive. In November
2007, the WEDC approved a Letter of Intent to purchase the tract.
Chick-f l-A: Staff has been in contact with Chick- l-A which is considering a site within
Woodbridge Crossing.
Ca ad Industrial Court: The WEDC has closed on the Cazad property on Industrial Court. Staff
has been in contact with Mr. Randy Glenn to convey the WE C's continued interest in his
property. Mr. Glenn committed that at the appropriate time, the WEDC will have the first
opportunity to purchase the site.
Burger King Popeye's: The developer for these concepts has contacted the City of Wylie for
preliminary development criteria. The Board committed to fund demolition on the 902 W. Kirby
site up to $15,000.
Woodbridge Crossing: The Groundbreaking ceremony for Woodbridge Crossing has been
scheduled for April 30, 2008 at 6:00 p.m. Board members will receive an invitation within the
next three weeks.
Staff Vacation Training: Ms. Gerry Harris will be on vacation March 21-27. As well, Ms.
Harris will be attending a business writing skill workshop on April 7 — 8.
No action was requested by staff for this item.
EXECUTIVE SESSION
The WEDC Board of Directors convened into Executive Session at 6:26 a.m.
I. Consider and Act Upon Issues Surrounding a Letter of Intent Between the WEDC and
Savage Precision Fabrication, Inc. as Authorized in Section 551.087 (Economic
Development Negotiations) of the Local Government Code, Vernon's Texas Code
Annotated(Open Meetings Act).
II. Consider and Act Upon Issues Surrounding a Letter of Intent Between the WEDC C and
T.W. Snider and Associates as Authorized in Section 551.087 (Economic Development
Negotiations) of the Local Government Code, Vernon's Texas Code Annotated (Open
Meetings Act).
III. Consider and Act Upon Issues Surrounding a the Purchase of 0.5 Acre Tract within Wylie
Industrial Park, Block A, Lot 12 as Authorized in Section 551.072 (Real Property) of the
Local Goverment ent Code, Vernon's Texas Code Annotated (Open Meetings Act).
WEDC Minutes
March 20,2008
Page 3 of 4
IV. Consider and Act Upon Issues Surrounding Negotiations with Alpay Living Trust
Impacting the Dedication of Right-of-Way for the Southern Extension of Springwell
Parkway as Authorized in Section 551.087 (Economic Development Negotiations) of the
Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act).
JECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 7:16 a.m.
Actions taken from Executive Session:
IV. Consider and Act Upon Issues surrounding Negotiations with Alpay Living Trust
Impacting the Dedication of Right-of-Way for the Southern Extension of Springwell
Parkway as Authorized in Section 551.087 (Economic Development Negotiations) of the
Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act).
For the past 13 months, the City Manager and WEDC staffs have been negotiating for the
acquisition of 0.7728 acre from Alpay Living Trust as right-of-way for the southern extension of
Springwell Parkway. The subject site is located at the southwest corner of F.M. 544 and
Regency Drive.
There are 6,631 square feet outside the required right-of-way for Springwell. This out parcel has
been the primary reason there has been such a delay in acquiring the right-of-way. The
City/WEDC requested that this out parcel be donated along with the required right-of-way to
avoid joint maintenance of the area and so the existing billboard located on the out parcel could
be removed. Alpay requested that should they convey the out parcel, the City/WEDC not be
allowed to sell the same without compensating Alpay in the future. The City Attorney advised
against this relinquishment of rights with staff indicating the same to Alpay. Keep in mind that
the City has offered to waive Thoroughfare Impact Fees on the remainder of the undeveloped
site and that Alpay will not have to participate in the construction of Springwell or the
signalization of Springwell and F.M. 544.
The City/WEDC indicated to Alpay that the required donation of the out parcel was not being
considered by the City, but that the billboard must be removed for fees to be waived.
Unbeknownst to staff, the Alpay manager had not informed the Trustees that there was a
billboard located on the out parcel. Alpay indicated that the billboard would remain as they are
collecting$1,000 per month on its month-to-month lease.
After negotiations, Alpay has agreed to convey required right-of-way for Springwell at no cost in
exchange for the waiver of Thoroughfare Impact Fees on their remaining property as well as
convey the out parcel and relinquish control of the billboard for $25,000. While staff has not
identified the legalities of the conveyance and change in control of the billboard, staff
recommended the WEDC fund the$25,000 and maintain ownership of the out parcel.
WEDC—Minutes
March 20, 2008
Page 4 of
MOTION: A motion was made by Chris Seely and seconded by John Yeager to
authorize the Executive Director to expend $25,000 for the purchase of a
±6,631 square foot parcel located near the southwest corner of Regency
Drive and F.M. 544. The WEDC Board voted 4 — FOR and 0 —
AGAINST in favor of the motion.
No further action was taken as a result of discussions held in Executive Session.
ADJOURNMENT
MEN
With no further business, President Marvin Fuller adjourned the WEDC Board meeting at 7:17
a.m.
.714 , )
Marvin Fuller, President
ATTEST:
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Samuel D.R. Satterwhite
Executive Director