03-06-1996 (WEDC) Minutes Minutes
THE DEVELOPMENT CORPORATION OF WYLIE,INC.
Wednesday, March 6, 1996
Board Members Present:
Marvin Fuller
Irene Messenger
Kevin St. John
J.C. Worley
John Yeager
Staff Present:
Samuel Satterwhite, Executive Director
Others Present:
John Mondy, Wylie City Council
Mike Collins, Wylie City Manager
Mindy Manson, Assistant City Manager
With notice of the meeting posted in time and manner required by law and a quorum of Board
members present, the Board of Directors of the Development Corporation of Wylie, Inc. met in
Special Session on Wednesday, March 6, 1996 in the Chamber of Commerce Board Room at 108
W. Marble Street, Wylie, Texas.
The meeting was called to order by President John Yeager at 4:10 p.m.
ITEM NO. 1 - Presentation by Greg MacLean, Vice President of The Hogan Corporation.
Mr. MacLean presented the Board with issues surrounding rail access to sites within Premier
Industrial Park, utilization of the flood plane and the soil conservation area, and the need to
remain flexible to meet the needs of future businesses in terms of site size and location. Mr.
MacLean emphasized that as activity began to take place within the park(i.e. construction of new
buildings), the areas identity as an industrial park will begin to grow and spread to the
organizations considering relocating facilities. Further discussion revolved around the need to
locate a new facility on the southeast portion of the property to create a first-class entryway,
furthering the parks identity.
ITEM NO. 2 -Discuss and Consider Issues Surrounding the Relocation of Project Alpha to
Wylie. Staff began by presenting the Board with the details of the proposed relocation. Project
Alpha intends to construct a 30,000 square foot facility with real and personal property equaling
$2.7 million. As well, this relocation will represent 100 new jobs initially and an additional 100
jobs within one year. Entities involved in the proposal are Bank of America, North Texas
Certified Development Corp., the Small Business Administration, and the Rural Economic and
Commercial Development Corporation.
Following discussion by the Board, it became evident that the DCW did not have sufficient
information to act upon this item. The Board requested that staff prepare a more in-depth
financial analysis and bring this item back to the Board at the next Regular Meeting.
DCW- Minutes
March 6, 1996
Page 2
A motion was made and seconded to table Item No. 2 until such time when a more detailed
financial analysis is brought forward. The motion was approved (5-0).
ITEM NO. 3 Authorize John Yeager to Execute a Letter of Intent Between Project Alpha
Officials and the Development Corporation of Wylie,Inc.
A motion was made and seconded to table Item No. 3 until such time when a more detailed
financial analysis is brought forward. The motion was approved(5-0).
ITEM NO. 4 -Authorize Payment to Wylie Insurance Agency for Annual Coverage.
A motion was made and seconded to authorize payment to Wylie Insurance Agency for annual
coverage. The motion was approved (4-0). Citing a conflict of interest, President Yeager
abstained.
ITEM NO. 5 - Citizen Participation.
There was no citizen participation.
ITEM NO. 6 - Adjournment. There being no further business, the meeting was adjourned at
5:16 p.m.
ohn eager, President
Attest:
Samuel D.R. Satterwhite, Executive Director