01-16-1996 (WEDC) Minutes Minutes
DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday, January 16, 1996
The Directors of the Development Corporation of Wylie, Inc. met in regular session at 6:00 PM,
Tuesday, January 16, 1996, in the Chamber of Commerce board Room at 108 West Marble Street,
Wylie, Texas. A quorum was present and notice of the meeting had been posted in the time and
manner required by law. Present were President John Yeager, VP J. C. Worley, Sec/Treas. Marvin
Fuller, and members Ifene,Megginer and Kevin St. John; C. C. Womack, Executive Director; Mike
Collins, City Manager;Mindy Manson, Asst. To the CM and Greg McLean representing the Hogan
Corporation.
The meeting was called to order at 6:00 PM by President John Yeager. President Yeager stated, in
order to facilitate the agenda, Item #7 would be taken out of order as the first item for discussion.
ITEM NO. 7 - Discuss participation in the resurfacing of Steel Road in Regency Industrial
Park. Scott Foster representing himself and Alex Young spoke on behalf of the property owners
along Steel Road. A proposal was made by Mr. Foster for the property owners to pledge $1000 each
to pay a portion of the cost of resurfacing Steel Road. Greg McLean of Hogan Corporation outlined
three scenarios for"fixing" Steel Road. + 2 inch asphalt overlay with an approximate lifespan of 2-4
years cost $63,000; + pulverize existing street, work to 9" thickness with 3-4" asphalt cap creating
virtually a new street with a 7-10 year lifespan, cost $113,000; + concrete, including street and
drainage and engineering costs, $670,00.
ITEM NO. 1 - Consider approval of minutes of regular meeting held on December 19, 1995.
A motion was made by Kevin St. John to approve the minutes as submitted. Second by Marvin
Fuller. All in favor- motion carried.
ITEM NO. 2 - Consider approval of minutes of special meeting held on January 8, 1996. A
motion was made by J. C. Worley to approve the minutes as submitted. Marvin Fuller seconded. All
in favor- motion carried.
ITEM NO. 3 - Consider approval of Treasurer's report ending December 31, 1995. Mr.
Womack noted there had been a$90 error in the November report. The ending balance for 12/31/95
is $335,911.58. A motion was made by Kevin St. John, seconded by J. C. Worley to approve the
treasurer's report as submitted. All in favor- motion carried.
ITEM NO. 4 - Report from Executive Director. There was no discussion. Report submitted in
writing to each board member.
ITEM NO. 5- Consider approval of a payment totaling$86,212.49 to East Texas Construction
Co.,Inc. for work completed in Premier Industrial Park. Greg McLean of Hogan Corporation
verified that all work completed to this point has been satisfactory. Motion made by J. C. Worley to
Minutes - Development Corporation of Wylie, Inc.
January 16, 1996
Page 2
approve payment. Second by Marvin Fuller. All in favor- motion carried. ra_4L_
ITEM NO. 6 - Report on financial status of corporation after 2nd payment on our contract
with East Texas Construction Co., Inc. Mr. Womack reported DCW funds will be short $71,000
on the project unless the county funds become available<
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ITEM NO. 8 - Discuss retirement re eption for Executive Director C. C. Womack. Will ask
Linda Hamar to organize. Will discuss final details at ne?ttregular meeting.
ITEM NO. 9 - Citizen Participation. None
ITEM NO. 10 - Adjournment. A motion was made and seconded for adjournment. Meeting
adjourned by President John Yeager.
J n Yea r, resident
Atte
Barb ra LeCocq, Secre ary