06-18-1996 (WEDC) Minutes Minutes
THE DEVELOPMENT CORPORATION OF WYLIE, INC.
Tuesday,June 18, 1996
Board Members Present:
Marvin Fuller
Kevin St. John
J.C. Worley (departed at 7:15)
John Yeager
Merrill Young
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, June 18, 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 6:03 p.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the May 21, 1996
Regular Board of Directors Meeting of the Development Corporation of Wylie, Inc.
MOTION: A motion was made by Kevin St. John and seconded by Marvin
Fuller to approve the minutes for the May 21, 1996 Regular Board of
Directors Meeting of the Development Corporation of Wylie, Inc.
The DCW Board of Directors voted 5 - FOR and 0 - AGAINST in
favor of the motion.
ITEM NO. 2 - Staff Reports
Staff informed the Board that representatives from Miller Commercial Real Estate will be
visiting Wylie during the last week of June. The purpose of this visit will be to analyze
several different sites for a national fast food chain. Other perspective projects discussed
included an expansion of Response Maintenance Services, Inc. of Wylie and CPI
Communications, Inc. of Richardson. Both organizations hope to build new facilities in
Wylie totaling ±27,000 square feet with CPI bringing 20 new employees to the community.
Staff also informed the Board that the 1996 Demographic Profile will be completed and
ready for distribution in early July.
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June 18, 1996
Page 2
ITEM NO. 3 - Discuss and Consider Changing the Name of the Development
Corporation of Wylie, Inc.
In accord with recent discussions held by the Board regarding the lack of focus present in
the DCW's marketing efforts, staff suggested that the Board consider changing the name of
the DCW to more accurately reflect the organizations goals and objectives (i.e. expanded tax
and increase in jobs). Staff commented that even within the Wylie community, there are
many citizens who do not know what service the Development Corporation of Wylie, Inc.
performs. Board members commented that while this specific situation is not a direct result
of the current name, a new name emphasizing `economic development' may begin to
address that issue. Staff indicated that if the Board decided to change the current name, the
proper paperwork would have to be filed with the Secretary of State to make the change
official.
MOTION: A motion was made by J.C. Worley and seconded by Marvin Fuller to
change the name of the Development Corporation of Wylie, Inc. to
the Wylie Economic Development Corporation. The DCW Board of
Directors voted 5 - FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 4 - Discuss Amending the By-laws of the Development Corporation of
Wylie, Inc.
The Board was presented with copies of the current by-laws of the Development
Corporation of Wylie. Several Board members commented that certain items within the
existing by-laws be clarified. Items which were identified initially revolved around the
qualifications for Board members, accountability of the Corporation to the citizens and City
Council and the preparation of an economic development plan. The Board instructed staff to
obtain by-laws from other development corporations, highlight the differences and suggest
changes.
ITEM NO. 5 - Discuss and Consider Issues Surrounding the Development of Industrial
Lots on Business Way.
The Board and staff discussed RMSI's desire to locate new facilities to the DCW owned
industrial lots on Business Way. Staff informed the Board that the protective covenants in
place at this site would require any new construction to be 100% masonry, thus increasing
the cost to construct new facilities dramatically. The Board discussed two different options
for addressing this issue. First, with the DCW owning a considerable amount of the
property within the 544 Industrial Park, the DCW might be able to petition the remaining
property owners to relax the covenants. President Yeager agreed that this option should be
explored, but commented that although growth has been stagnant in this area, future
development could be discouraged if the standards are relaxed. The second option discussed
entailed the lowering of land costs to perspective developers to offset the increased building
costs, thus stimulating activity in the area. The Board instructed staff to pursue both options
and report back on the findings.
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June 18, 1996
Page 3
ITEM NO. 6 - Discuss and Consider Allowable Uses and Guidelines for Development
of Premier Business Park.
The Board discussed in theory what criteria must be present for a company to locate
facilities to Premier Business Park. Specific issues that were discussed were minimum
building size, value per acre, outside storage and employment levels. There was concern by
several Board members that criteria may be too stringent and the property will not be
developed for several years. Opposing viewpoints countered that if the DCW "settled" now
for a questionable user or use of DCW property, the Corporation may be limiting the
development of the remaining property. Staff suggested that a certified land planner be
brought in to discuss the potential of Premier Business Park. The Board instructed staff to
make the appropriate arrangements.
ITEM NO. 7 - Discuss and Consider Approval of the Treasurer's Report for the
Development Corporation of Wylie, Inc.
Board Member St. John requested that the asset of stock in Physicians Regional Hospital be
removed from the DCW balance sheet in June citing the 1994 audit report from Rutledge,
Crain & Company. This report suggested that the stock investment be deleted as an asset
because Rutledge, Crain & Company were unable to establish a current market value for the
Physicians Regional Hospital stock.
MOTION: A motion was made by J.C. Worley and seconded by Kevin St. John
to approve the May, 1996 Treasurer's Report. The DCW Board of
Directors voted 4 - FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 8 - Discuss and Consider Changing the Meeting Time for Regular Board of
Director's Meetings for the Development Corporation of Wylie, Inc.
President Yeager suggested that the DCW Board of Directors change the meeting time for
Regular Board Meetings from 6:00 p.m. to 4:00 p.m. referencing additional time for
discussion and scheduling difficulties. The Board did state that if a 4:00 p.m. meeting time
did conflict with the ability of a group of citizens to attend the DCW Board Meeting, a time
would be established to meet those special needs.
MOTION: A motion was made by Kevin St. John and seconded by J.C. Worley
to change the meeting time for DCW Board meeting to 4:00 p.m. The
DCW Board of Directors voted 5 - FOR and 0 - AGAINST in favor
of the motion.
ITEM NO. 9 - Citizen Participation.
Being no citizens present, the Board proceeded to Item No. 10.
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June 18, 1996
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ITEM NO. 10 - Adjourn.
There being no further business, the meeting was adjourned at 8:02 p.m.
o eager, President
Attest:
Samuel D.R. Satterwhite, Director