12-14-1999 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Tuesday,December 14, 1999
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St.John—arrived at 3:00
John Yeager
Staff Present:
Samuel Satterwhite,Executive Director
Ashley Gillean,Administrative Assistant
Others Present:
J. C. Worley, Council Member
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 December 14, 1999 in the Conference Room of J. C.
Ornamental Iron Works at 2630 N. Highway 78,Wylie,Texas.
The meeting was called to order by President Yeager at 2:09 p.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the Wylie Economic
Development Corporation Regular Meeting on November 16, 1999.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to approve
The minutes of the November 16, 1999 Regular Board of Directors Meeting of the
Wylie Economic Development Corporation. The WEDC Board of Directors voted
3—FOR and 0—AGAINST in favor of the motion.
ITEM NO. 2 - Discuss and Consider Approval of the September, 1999 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by Marvin Fuller to approve
the September, 1999 Treasurer's Report of the Wylie Economic Development
Corporation. The WEDC Board of Directors voted 3 —FOR and 0—AGAINST in
favor of the motion.
ITEM NO.3—Discuss and Consider Approval of the October, 1999 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by Marvin Fuller to approve
the October, 1999 Treasurer's Report of the Wylie Economic Development
Corporation. The WEDC Board of Directors voted 3 —FOR and 0—AGAINST in
favor of the motion.
WEDC-Minutes
December 14, 1999
Page 2
ITEM NO. 4 - Discuss and Consider Issues Surrounding A Joint Program Between the
Wylie Economic Development Corporation and Moulding Associates Providing for
Improvements to the Downtown Shopping District.
Staff provided the Board with information about an entryway door program in which Moulding
Associates has requested the participation of the WEDC. This program will be a continuation of
MAI existing contributions to downtown businesses that were effected by the 1998 fire. As
proposed,MAI will contribute an entryway doors to businesses located in the historic downtown
shopping district along Ballard Street. One door will be donated per month over a 36 month
period. The cost to MAI is $800 with a retail value of$2,500 per door. The WEDC will be
responsible for hanging and painting the doors.
The WEDC Board of Directors were very supportive of the program and instructed staff to draft
program guidelines including qualifying business and application process. MAI estimated that
the Cost to the WEDC will be a maximum of$8,000.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
authorize the expenditure of$8,000 to support a joint program between
MAI and the WEDC to provide entryway doors to businesses located in
the downtown shopping district. The Board voted 3 - FOR and 0 -
AGAINST in favor of the motion.
ITEM NO. 5-Discuss and Consider Issues Surrounding Project Circuit Board.
Staff informed the Board of discussions being held with Mr. Brad Jacoby, President of Best
Circuit Boards (BCB), in an attempt to secure the relocation of BCB to Premier Business Park.
Mr. Jacoby is currently considering the construction of a 100,000 square foot facility to house
consolidated operations and newly purchased equipment. Also Considered is a 60,000
office/R&D facility. The WEDC currently has 13.5 acres north of Hensley to support the BCB
relocation.
Staff reminded the Board of WEDC involvement with BCB in 1996 in an attempt to secure the
relocation from Rockwall. Staff emphasized the importance of being very clear with Mr. Jacoby
as to the specifics of the incentive package. Staff also indicated that Mr. Brian Vinson is acting
as a liaison between Mr.Jacoby and the WEDC.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
authorize staff to negotiate with Best Circuit Boards for the conveyance of
13.5 acres within Premier Business Park to secure the Best Circuit Board
relocation. The Board voted 3 - FOR and 0 - AGAINST in favor of the
motion. Board Member Fuller abstained from the vote due to a conflict of
interest.
Note: President Yeager held consideration of this issue at the end of the WEDC Board meeting.
WEDC-Minutes
December 14, 1999
Page 3
ITEM NO. 6 - Discuss and Consider Issues Surrounding the Relocation/Expansion of
Extruders,Inc. to Premier Business Park.
•
Staff informed the Board of an outstanding issue in regards to the Extruders relocation. The
issue being that Atrium cannot enter into any obligation which will create debt. Staff believes
that an acceptable compromise can be reached with a Conditional Grant Agreement. Under the
agreement , the WEDC will fund the relocation grant at the time the Certificate of Occupancy is
issued opposed to 50% completion of the facility as proposed in the previously approved Loan
Agreement. Staff indicated that this agreement is the last hurdle in closing Extruders
relocation/expansion to Premier Business Park.
The Board believed that WEDC interests are protected even under the proposed Conditional
Grant Agreement. The facility will be completed and new equipment relocated, thus securing the
primary investment in the property.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
approve a Conditional Grant Agreement between Atrium Companies and
the WEDC, and to further authorize President Yeager to execute the
agreement. The Board voted 3 - FOR and 0 - AGAINST in favor of the
motion.
ITEM NO. 7-Staff Reports.
Staff had no further information to report.
ITEM NO. 8-Citizen Participation.
There being no citizens present,the Chairman proceeded to Item No. 9.
ITEM NO.9-Adjourn.
There being no further business,the meeting was adjourned at 4:00 p.m.
John eager,President
Attest:
Samuel D. R. Satterwhite
Executive Director