05-21-1996 (WEDC) Minutes Minutes
THE DEVELOPMENT CORPORATION OF WYLIE,INC.
Tuesday,May 21, 1996
Board Members Present:
Marvin Fuller
Irene Messenger
Kevin St. John(arrived 6:17 - departed 7:00)
J.C. Worley
John Yeager
Staff Present:
Samuel Satterwhite, Executive Director
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
Regular Session on Tuesday, May 21, 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 6:04 p.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the March 26, 1996 Regular
Board of Directors Meeting of the Development Corporation of Wylie,Inc.
MOTION: A motion was made by Marvin Fuller and seconded by Irene Messenger to
approve the minutes for the March 26, 1996 Regular Board of Directors
Meeting of the Development Corporation of Wylie, Inc. The DCW Board
of Directors voted 4 - FOR and 0 -AGAINST in favor of the motion.
ITEM NO. 2 - Discuss and Consider Approval of Minutes for the April 8, 1996 Special
Called Board of Directors Meeting of the Development Corporation of Wylie, Inc.
MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to
approve the minutes for the April 8, 1996 Special Called Board of
Directors Meeting of the Development Corporation of Wylie, Inc. The
DCW Board of Directors voted 4 - FOR and 0 - AGAINST in favor of the
motion.
ITEM NO. 3 - Staff Reports.
Staff informed the Board that Best Circuit Boards had discontinued negotiations with the DCW,
deciding to remain in their current facilities in Rockwall. The Board believed that the DCW had
made every effort possible to aid Best Circuit Boards in their relocation efforts, but that it may
have been to much of a financial burden for both organizations. Staff added that the DCW
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May 21, 1996
Page 2
should be willing to work with this company in the future should this project be presented again.
The Board pointed out that the offer made during the April 8 Board Meeting still stands.
Staff updated the Board on issues surrounding Wylie Machine Shop, Banc Professionals, Inc.,
Corona Designs Inc., L.G. Motorsports, Wylie Deli, Griffin Industries and a national fast food
chain interested in building in Wylie. Staff also suggested that the DCW logo may need to be
changed and with the development of a marketing campaign, this would seem to be an opportune
time. Board members commented that in developing these issues, staff may want to research the
process of changing the name of the Corporation to more accurately reflect the goals the DCW is
pursuing (i.e. the Wylie Economic Development Corporation).
ITEM NO. 4 - Discuss and Consider Approval of Payment in the Amount of$47,626.00 to
East Texas Construction Co.,Inc. for Work Completed in Premier Industrial Park.
MOTION: A motion was made by J.C. Worley and seconded by Marvin Fuller to
approve payment in the amount of$47,626.00 to East Texas Construction
Co., Inc. for work completed in Premier Industrial Park. The DCW Board
of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 5 - Discuss and Consider Authorizing the DCW Executive Director to Hire
Clerical Staff.
Staff discussed several different issues regarding the need for clerical assistance. While the
DCW currently employs a part-time assistant for approximately 20 hours per week, the need for
additional hours and a reliable schedule is present. The Board agreed that more hours are
warranted based upon the work load described by staff. While staff recommended a full-time
assistant, the Board believed that the benefits required to be paid by the DCW for a full-time
employee are not necessary to secure an adequate individual.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
authorize the DCW Executive Director to hire part-time clerical assistance
with an annual budget not to exceed $16,000.00. The DCW Board of
Directors voted 5 -FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 6 - Discuss and Consider a Resolution Recommending the Exemption of
Freeport Taxes for Collin County.
Staff explained that this is an issue originating from the Plano Economic Development Board. A
freeport exemption for Collin County will exempt qualifying goods from inventory taxes at the
county level. Staff reported that Tarrent, Denton and Rockwall Counties have already
implemented this exemption.
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May 21, 1996
Page 3
MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to
approve a resolution recommending the exemption of freeport taxes for
Collin county. The DCW Board of Directors voted 4 - FOR and 0 -
AGAINST in favor of the motion.
ITEM NO. 7 - Discuss and Consider Issues Surrounding Efforts by the Greater Dallas
Chamber of Commerce to Limit the Use of Incentives in the Attraction of Business.
Staff updated the Board on developments taking place between the Greater Dallas Chamber of
Commerce (GDCC) and the State Legislature. The GDCC is attempting to effect legislation
which governs Texas development corporations. If the GDCC were to be successful in their
lobbying efforts, 4A sales tax cities would be restricted in their ability attract and retain
businesses. The Board believed that while it is unlikely that the GDCC could implement
sweeping changes, this is not an issue which should be taken lightly. Staff informed the Board
that the Texas Economic Development Council has undertaken a study on the positive effects of
the 4A sales tax which will be delivered to all Texas legislators.
MOTION: A motion was made by J.C. Worley and seconded by Irene Messenger to
approve payment in the amount of$250.00 in support of a detailed study
by the Texas Economic Development Council on the positive economic
impact as a result of the 4A Sales Tax. The DCW Board of Directors
voted 4 - FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 8 - Discuss and Consider Developing a Demographic Profile for the City of
Wylie to be Used as Marketing Material.
Staff presented the Board with a draft copy of a comprehensive demographic profile for the City
of Wylie. Intentions are to make this document part of a marketing package to be used by the
DCW. The Board believed this to be a valuable document for new residents, real estate brokers
and companies considering relocating to Wylie. Staff commented that with the Boards'
approval, a final document could be prepared over the next several weeks.
MOTION: A motion was made by J.C. Worley and seconded by Irene Messenger to
authorize the Executive Director to print up to 500 copies of the proposed
demographic profile. The DCW Board of Directors voted 4 - FOR and 0 -
AGAINST in favor of the motion.
ITEM NO. 9 - Discuss and Consider Authorizing the DCW Executive Director to Negotiate
Commission Agreements with the Local Real Estate Brokerage Community.
Staff informed the Board that James Blakey of Century 21 had approached the DCW with a
prospect for the industrial lots east of the Post Office. Mr. Blakey was not able to meet his
clients needs with property under contract by Century 21 and was aware that the DCW held
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May 21, 1996
Page 4
ownership of a suitable tract. The Board believed this type of prospect referral would benefit the
DCW and that any type of incentive for brokers to refer clients to the DCW would only enhance
the process. Staff commented that it is not uncommon in surrounding communities with
development corporations for there to be a commission agreement between the two parties with a
"finders fee"or commission of 4-5%being paid to any broker ultimately responsible for bringing
a prospect to the community. The Board emphasized that this type of agreement be made
available to all brokers and that a possible tour of DCW property be arranged in the future for the
brokerage community.
MOTION: A motion was made by J.C. Worley and seconded by Irene Messenger to
authorize the Executive Director to produce a commission agreement not
to exceed 5% of land cost to be presented to the Board for final approval.
The DCW Board of Directors voted 4 - FOR and 0 - AGAINST in favor of
the motion.
ITEM NO. 10 - Report on and Consider the Approval of the Treasurer's Report for the
Development Corporation of Wylie,Inc.
MOTION: A motion was made by J.C. Worley and seconded by Irene Messenger to
approve the March and April, 1996 Treasurer's Report. The DCW Board
of Directors voted 4 - FOR and 0 -AGAINST in favor of the motion.
ITEM NO. 11 - Citizen Participation.
Being no citizens present,the Board proceeded to Item No. 12.
ITEM NO. 12 -Adjourn.
There being no further business, the meeting was adjourned at 7:55 p.m.
ohn ag r, President
Attest:
Samuel D.R. Satterwhite, Director