08-28-2001 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
August 28,2001
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John(arrived at 7:15 a.m.)
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 Wylie Economic Development Corporation
(WEDC) met in Regular Session on August 28, 2001 in the Woodbridge Golf Club Conference
Room at 7400 Country Club Drive, Wylie, Texas.
The meeting was called to order by President John Yeager at 7:05 a.m.
ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the June 5, 2001 Regular
Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
approve minutes for the June 5, 2001 Regular Board of Directors Meeting
of the Wylie Economic Development Corporation. The WEDC Board of
Directors voted 4—FOR and 0—AGAINST in favor of the motion.
ITEM NO. 2 — Consider and Act Upon Approval of Minutes for the August 6, 2001
Regular Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by Merrill Young to
approve the minutes for the August 6, 2001 Regular Board of Directors
Meeting of the Wylie Economic Development Corporation. The WEDC
Board of Directors voted 4 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 3 — Consider and Act Upon Approval of the January, 2001 Treasurer's Report
for the Wylie Economic Development Corporation.
WEDC—Minutes
August 28, 2001
Page 2
MOTION: A motion was made by Merrill Young and seconded by Marvin Fuller to
remove from the table the January, 2001 Treasurer's Report for the Wylie
Economic Development Corporation. The WEDC Board of Directors
voted 4—FOR and 0—AGAINST in favor of the motion.
Staff informed the WEDC Board that the contingent liability of$55,000 has been removed from
the January report and that concerns in regards to rental income have been resolved. Rental
income corrections are reflected in the June, 2001 Treasurer's Report.
MOTION: A motion was made by Gary Bowland and seconded by Merrill Young to
approve the minutes for the January, 2001 Regular Board of Directors
Meeting of the Wylie Economic Development Corporation. The WEDC
Board of Directors voted 4 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 4 —Consider and Act Upon Approval of the February,2001 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
remove from the table the February, 2001 Treasurer's Report for the Wylie
Economic Development Corporation. The WEDC Board of Directors
voted 4—FOR and 0—AGAINST in favor of the motion.
Staff informed the WEDC Board that the contingent liability of$55,000 has been removed from
the February report.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
approve the February, 2001 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 5 —FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 5 — Consider and Act Upon Approval of the March, 2001 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by Merrill Young to
approve the March, 2001 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 5 —FOR
and 0—AGAINST in favor of the motion.
WEDC—Minutes
August 28, 2001
Page 3
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ITEM NO 6 — Consider and Act Upon Approval of the April, 2001 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by Kevin St. John to
approve the April, 2001 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 5 —FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 7 — Consider and Act Upon Approval of the May, 2001 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
approve the May, 2001 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 5 —FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 8 — Consider and Act Upon Approval of the June, 2001 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by Kevin St. John to
approve the June, 2001 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 5 —FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 9 — Consider and Act Upon Approval of the July, 2001 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
approve the July, 2001 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 5 —FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 10 — Consider and Act Upon Issues Surrounding WEDC Property Located at
404 South Highway 78.
Staff indicated that Intercon Demolition had quoted the WEDC $27,000 to remove the Extruders
paint line and oxidizer from 404 South Highway 78. Although initial discussion with Extruders
representatives resulted in 100% funding of the equipment removal by Extruders, Atrium
Companies COO Robert Burns denied the funding.
WEDC—Minutes
August 28, 2001
Page 4
Extruders President, Mr. Jamie Renfro, offered the WEDC $15,000 as compensation for the
equipment removal. Mr. Renfro indicated that a $10,000 check would be issued and the $5,000
security deposit would be released to the WEDC. Staff indicated the lease states that Extruders
shall leave the facility in the same state as when the WEDC purchased it. The equipment in
question was in place upon purchase making it questionable as to whether the WEDC can require
the equipment to be removed by Extruders.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
accept the payment of$10,000 and release of the $5,000 security deposit
from Extruders Division of Atrium Companies, Inc. as contribution to the
removal of equipment from 404 South Highway 78. The WEDC Board of
Directors voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 11 —Presentation of Prospects being Recruited by the WEDC.
Staff presented the WEDC Board with an update of prospects that are considering relocating to
Wylie. Of the eight projects presented, three companies are currently considering relocating to a
25-acre industrial site currently under contract by the WEDC.
ITEM NO. 12 — Discuss Issues Surrounding the Carlisle Coatings & Waterproofing
Relocation.
Staff presented the WEDC Board with an informal request from Carlisle for additional financial
assistance. Staff indicated that unanticipated water levels on the site had resulted in the
requirement to encase the piers under the foundation. Staff informed the Board that Carlisle will
be informed that the WEDC will not consider any request for additional incentives.
ITEM NO. 13 — Discuss Issues Surrounding the Purchase of Approximately 25 Acres
located Near the Intersection of State Highway 78 and Martinez Lane.
Staff updated the WEDC Board of Directors as to the status of the 25-acre industrial site the
WEDC has under contract to purchase. A Phase I environmental study is currently being
completed by Helmberger Associates and staff indicated that requests for financing packages will
be delivered to area banks by September 4, 2001.
ITEM NO. 14 — Consider and Act Upon Approval of the 2001 —2002 Budget for the Wylie
Economic Development Corporation.
Staff presented the Board with the proposed FY 2001 — 2002 WEDC Budget. Staff made the
following requests, which fell outside fixed operating expenses:
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August 28, 2001
Page 5
1. Updated aerial photographs showing high growth areas of the Wylie community - $4,000;
2. In the event a cul-de-sac is required to be constructed within the proposed 25-acre WEDC
business park, staff has identified those improvements along with water and sewer
improvements at$183,800;
3. Annual debt service on $658,383 is budgeted at $44,440 to support the development of the
proposed 25-acre WEDC business park;
4. $124,700 was identified as funds available to support future economic development projects.
Board member Bowland commented that the proposed $7,500 is well short of funds required to
pay legal costs on the Moulding suit. Staff indicated that the WEDC attorney commented that
should the Judge on the Moulding suit rule in favor of the WEDC on a summary judgement
motion, approximately $10,000 in additional legal fees will be required. Should the case go to
trial, an additional $50,000 may be required for legal fees. Board member Bowland instructed
staff to adjust legal fees to $50,000.
Board member St. John commented that staff must adhere to budgeted amounts in light of the
lean budget and the commitments already in place to existing projects. Board member St. John
also emphasized that Community Development, Advertising, and Recruitment should be closely
monitored by staff throughout the year.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
table consideration of the 2001 —2002 WEDC Budget. The WEDC Board
of Directors voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO 15—Citizen Participation.
There being no citizen participation, President Yeager proceeded to Item No. 16.
ITEM NO. 16—Adjourn.
There being no further business, the meeting was adjourned at 8:50 a.m.
John Yea , President
Attest:
66.4dat-
Samuel D.R. Satterwhite
Executive Director