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08-19-2016 (WEDC) Agenda Packet fl NOTICE OF MEETING Wylie Economic Development CORPORATION Regular Meeting Agenda August 19, 2016—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78—Wylie, Texas Marvin Fuller....,. .. ......... .. ....... . ...........,. ....President MitchHerzog,..... ......... ......... .... ..... ....... .. . ,....Vice President John Yeager ......... ....................Secretary Todd Winners Treasurer Demond Dawkins Board Member Mayor Eric Hogue .,.....,. Ex-Officio Member Mindy Manson,City Manager..... ......... ......... ......... ......... .................Ex-Officio Member Samuel Satterwhite ......... ......... ......... .Executive Director Jason Greiner................... . ........ ......... ......... ......... ......... ......... .........Assistant Director Angel Wygant Senior Assistant In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie Municipal Complex, distributed to the appropriate news media, and posted on the City Website: ?.j yl cafa s ov within the required time frame. CALL TO ORDER Announce the presence of a Quorum. CITIZEN PARTICIPATION Residents may address the WEDC Board regarding an item that is or is not listed on the agenda. Residents must provide their name and address. The WEDC Board requests that comments be limited to three (3) minutes. In addition, the WEDC Board is not allowed to converse, deliberate or take action on any matter presented during citizen participation. ACTION ITEMS I. Consider and act upon approval of the July 15, 2016 Minutes of the Wylie Economic Development Corporation(WEDC)Board of Directors Meeting. II. Consider and act upon approval of the July 2016 WEDC Treasurer's Report. III. Consider and act upon issues surrounding repairs to WEDC property located at 605 Commerce Street. IV. Consider and act upon issues surrounding a Performance Agreement between the WEDC and Wylie Flower and Gift Shop. V. Consider and act upon issues surrounding a Performance Agreement between the WEDC and McClure Partners Development Company, LLC. WEDC—Agenda August 19, 2016 Page 2 of 2 DISCUSSION ITEMS VI. Staff report: review issues surrounding WEDC Performance Agreement Summary, 605 Commerce, demolition of WEDC properties, insurance claims on WEDC properties, WEDC/City of Wylie Regional Marketing Campaign, ICSC Expenses, La Quinta Inn & Suites, Woodbridge Crossing/InvenTrust, and regional housing starts. EXECUTIVE SESSION Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code, to wit: Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). Consider the sale or acquisition of properties located near the intersection of: • Cooper Drive & State Highway • F.M. 544 & Commerce Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Project 2016-lb • Project 2016-6a • Project 2016-6c • Project 2016-8a • Project 2016-8b • Project 2012-10a RECONVENE INTO OPEN MEETING ADJOURNMENT CERTIFICATION I certifi, that this Notice of Meeting was posted on this 15th day of August at 5:00 p.m.as required by law in accordance with Section 551.042 of the Texas Government Code and that the appropriate news media was contacted As a courtesy, this agenda is also posted on the City of Wylie website:www.wylietexas.gov. Carole Ehrlich,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Friday, July 15, 2016—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78—Wylie, Texas CALL TO ORDER Announce the presence of a Quorum President Marvin Fuller called the meeting to order at 6:32 a.m. Board Members present were Todd Wintters and Demond Dawkins. Ex-officio members City Manager Mindy Manson and Mayor Eric Hogue were present. WEDC staff present was Executive Director Sam Satterwhite and Senior Assistant Angel Wygant. CITIZEN PARTICIPATION With no citizen participation, President Fuller proceeded to Action Items. ACTION ITEMS ITEM NO. 1 — Consider and act upon approval of the June 17, 2016 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Todd Wintters and seconded by Demond Dawkins to approve the June 17, 2016 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 3 —FOR and 0 —AGAINST in favor of the motion. ITEM NO. 2—Consider and act upon approval of the June 2016 Treasurer's Report. Staff reported that sales tax receipts were up 32.91% but that prior month collections accounted for $42,402 which may have been a result of home improvements purchased as a result of the hail storm. Even with the prior month collections netted out for comparison sake,the gain would still be 26%. MOTION: A motion was made by Demond Dawkins and seconded by Todd Wintters to approve the June 2016 WEDC Treasurer's report as amended. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. WEDC—Minutes July 15, 2016 Page 2 of 8 ITEM NO.3— {Remove from Table} Consider and act upon issues surrounding the FY 2016-2017 WEDC Budget. MOTION: A motion was made by Todd Wintters and seconded by Demond Dawkins to Remove Item from Table. The WEDC Board voted 3 FOR and 0—AGAINST in favor of the motion. Staff reviewed the detailed budget providing $4,484,297 in available resources as follows: Beginning Fund Balance $465,686 Sales Tax 2,467,295 Note Receivable 11,958 Rental Income 72,600 Pad Sales 1,350,000 Infrastructure Participation 115,758 Interest Earnings 1,000 Total $4,484,297 The Beginning Fund Balance reflects significant expenses through the end of FY 15 - 16 including the purchase of property from FBC Wylie($150,000),demolition of WEDC properties on Cooper Drive and Industrial Court ($237,000), incentive commitments ($170,000), a new project staff is pursuing which may involve a$200,000 expenditure in September, and debt service ($250,000). Sales tax receipts have been calculated by estimating FY 15 - 16 year-end receipts at $2.35 mm and assuming a modest 5% gain for FY 16 - 17. Developed in conjunction with the City of Wylie Finance Department, projections are conservative by design so as not to be adversely affected by a downturn in retail sales. Rental income has been greatly reduced from previous years with the redevelopment of the Cooper Drive/Industrial Court properties and the subsequent loss of 6 income producing properties (not including Mann Made and Exco). Conversely, the WEDC is anticipating revenue from the sale of a +1.5-acre pad site at the corner of Cooper and State Highway 78. Additionally, the WEDC is also negotiating for participation ($115,758) from the potential buyer for demolition of the Exco property and construction of the deceleration lane. Expenses are typically budgeted to equal total available resources. In the last twenty years the WEDC has not expended more than the total available resources. However, with the lowest Beginning Fund Balance in recent history, the Board may be faced with cutting certain programs should a significant project present itself. To that end,funds could easily be reallocated to address an unanticipated projected at any time. For example, $400,000 could be reallocated from Incentives (future projects), Travel & Training, and various other accounts should WEDC priorities shift. WEDC—Minutes July 15, 2016 Page 3 of 8 The following provides detail within identified accounts which include items over and above fixed expenses or addresses a new program: There are no significant changes in Supplies other than the inclusion of$2,000 for WEDC pad folios distributed to clients and leadership Wylie classes which should meet WEDC needs for at least two years. Also within Supplies the budget reflects a continued commitment of $5,000 for materials within the WEDC Small Business Center located in the Smith Public Library. Incentives reflects a budget of$1,174,019. Within this budget,$862,947 is allocated for ongoing WEDC commitments associated with sixteen projects. Within those sixteen projects, eight projects will conclude in FY 16— 17 freeing up $313,173 for the FY 17— 18 Budget. The Future Projects line item ($311,072) within Incentives represents uncommitted funds within the total budget to be used for incentive programs. Special Services includes general consulting services of $50,000 and an additional $50,000 for environmental services. While there are no new proposals for environmental services, staff anticipates various studies to be required for existing and future projects associated with Commerce, Cooper, and a new property staff will be recommending within Executive Session for acquisition. Advertising represents the largest increase over prior year's spending. Staff had reported during the June Board Meeting that the 4Most Business funding would replace general advertising for the Wylie Connection and Wylie News. As well, the Board directed staff to ensure that a greater emphasis was given to a regional marketing initiative from a budget perspective and staff commitment. To that end, staff has been meeting with the City Public Information Office (PIO) which is much more capable of coordinating a regional marketing effort and is eager to do so. However, over the last 30 days it has not been possible to develop an advertising campaign with line item deliverables. What has been discussed though is that to undertake a marketing initiative to promote Wylie within the Metroplex a budget of $100,000 is more realistic opposed to $10,000 budgeted for in previous years. The approach will be to coordinate everything in-house with the PIO office taking the lead with program design and creative license, and then present the overall direction and budget to the WEDC Board of Directors for approval. The PIO has assured staff that a plan can be put in place and rolled out in October/November. Staff understands that this is a significant departure from past budgets, but to be seriously committed to the goal of making Wylie more of a household name inside and outside Collin County a budgetary commitment is required. Within Community Development a Regional Brokerage event is budgeted to promote Wylie to 15—20 of the commercial brokers from the Metroplex. Approximately 10 WEDC/City representatives will also be in attendance so it will be a much more focused event than previous business promotion efforts. In addition, there will be $5,000 budgeted for an Industrial Appreciation event focusing solely on local businesses. Also tying into the BRE Program will be participation in the Education Foundation Fit 4 Business event within which the WEDC will seek out multiple local businesses to participate. Also included within the Community Development budget is Sporting Events which includes 12 tickets to Mavericks games. WEDC—Minutes July 15, 2016 Page 4 of 8 Within Travel & Training the only change from previous budgets is $5,500 itemized for certification classes (3) for the Assistant Director. The budget also continues to support registration,travel, lodging, and meals for the ICSC National Retail Conference. New within Debt Service are principal and interest payments associated with the Edge/Linduff project. Also new to the budget is debt service for Project DW2 which will be detailed more specifically within Executive Session. Finally,based upon the pending (and required) sale of a WEDC pad site on 78, staff is proposing Principal Reduction of$1,000,000. Land has been reduced from a previous presentation to $50,000. Funds were reallocated to account for increased expenses associated with Project DW2. Also, $331,300 is budgeted for infrastructure improvements to develop WEDC pad sites on 78. Finally, the WEDC continues to fund Interdepartmental Assistance in the amount of$5,000 for payroll and accounting services from the City Finance Department. Staff recommended that the Board of Directors approve the FY 2016—2107 WEDC Budget as presented. The Board requested to continue voting on the final budget until after Executive Session discussion to ensure that no changes were needed as a result of those discussions. MOTION: Following Executive Session discussion, a motion was made by Demond Dawkins and seconded by Mitch Todd Wintters to approve the FY 2016-2017 WEDC Budget as presented. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 4— Consider and act upon a Budget Amendment for FY 2015-16. Board President Fuller noted that the Agenda erroneously identified the budget year for this item as FY 2016-2017 with the Item Memorandum correctly identifying the budget year as FY 2015-16. Staff reminded the Board that in February 2016 the remaining balance of American National Bank Loan #88157334 in the amount of$1,685,000 completed funding. These loan proceeds were applied to the purchase of 710 Business Way and 398 S. Hwy 78. In order to account for these funds in the proper accounts, WEDC requested that a budget transfer be approved to increase the revenue account for loan proceeds by $1,685,000 and to increase the expense account for land purchases by $1,685,000. Staff recommended that the WEDC Board of Directors approve a Budget Transfer Request increasing revenues in loan proceeds by $1,685,000 and expenses for Land Purchases by $1,685,000. MOTION: A motion was made by Todd Wintters and seconded by Demond Dawkins to approve a Budget Transfer Request increasing revenues in loan proceeds by $1,685,000 and expenses for Land Purchases by $1,685,000. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. WEDC—Minutes July 15, 2016 Page 5 of 8 DISCUSSION ITEMS ITEM NO. 5— Discuss issues surrounding a potential amendment to WEDC By-Laws. Each year the Wylie City Council considers appointments to the WEDC Board of Directors for Board Members who have a term expiring. This current year Board Members Fuller and Herzog were reappointed to new three year terms. During the Boards & Commission Committee Meeting, which included three Council Members, and at the full Council Meeting at which all Boards & Commission members were appointed/reappointed, there was significant discussion surrounding the potential need for a Board Member 'in training'. The overriding theme of the discussion was that in the future there may be a need to replace one of the five voting Board Members and there might be a short term void in terms of historical perspective and understanding of certain WEDC initiatives which may take years to accomplish. Staff was present during these discussions and commented that there is no mechanism within the By- Laws which allow for this type of position and even if there was an informal `Board Member in training' position created,the individual could not participate in Executive Session which would be counter to the intent of the position. Within the full Council discussion, Mayor Hogue directed WEDC staff to take this issue to the WEDC and return to the Council with Board feedback. Staff did comment however that the By-Laws could be changed with approval of the Board and Council to create a new Ex-Officio,non- voting, Board Member. First of all, staff believes that additional input is always welcome and furthers the decision making process. While there has been very little turnover in Board positions over several years, there will probably come a day in the near future where turnover is imminent solely based upon 20-year plus tenure in multiple Board Members. Therefore, having an individual which has participated in the Board decision making process for multiple years prior to becoming a voting member will create a seamless transition from a member in training to a voting member if the Council so chooses to make that decision during the appointment process. In theory however, the Council would not be required to replace a Member with a member in training. Hence, the discussion of whether the 'in-training' member automatically transitions to be a voting member at the proper time is mute. Staff sought direction from the Board on this matter. Should the Board be interested in pursuing the creation of an ex-officio board member in training, staff will convey the same to the City Council and begin preparing changes to the existing By-Laws which were last amended in 1999 and presented as an attachment to this item for Board members to review. Staff had no recommendation and no formal Action was required as this Item was posted as a Discussion Item only. The Board discussed the logistics of making this change and directed Staff to continue with the Board composition as is for the time being. ITEM NO. 6 - Staff Report: review issues surrounding WEDC Performance Agreement Summary, 605 Commerce, Collin College Workforce & Economic Development, Bart Peddicord Community Center, insurance claims resulting from hail storm, demolition of WEDC properties located on Commerce/Industrial, and regional housing starts. WEDC—Minutes July 15, 2016 Page 6 of 8 WEDC Performance Agreement Summary Attached for the Board's review was a summary of all outstanding Performance Agreements including: Ascend Custom Extrusion, All State Fire Equipment, B&B Theatres Operating Company, Clark Street Development, Dank Real Estate, Exco Extrusion Dies, FLM Development, Freudiger Holdings, Getset, KREA Acquisition, Patna Properties, VIAA Properties, Von Runnen Holdings, Woodbridge Crossing, and the Wedge Corporation. Woodbridge Crossing Attached for the Board's review was the Sales Tax Reimbursement Report which identifies all sales taxes received through June 2016 within Woodbridge Crossing for the City General Fund, the WEDC, and the 4B. As a reminder, the City and WEDC reimbursed 85% of all sales tax generated within Woodbridge Crossing through September 2013 with the reimbursement percentage reduced to 65% thereafter. Due to the default under the Amended and Restated Performance Agreement, Woodbridge Crossing is only eligible to receive up to $6 million in sales tax reimbursement through September 2021 as opposed to the maximum reimbursement of$12 million originally contemplated. $3,617,285 in reimbursement has been earned through June 2016 with net receipts of$2,723,657.84 after reimbursements. As well, it is estimated that $3.5 mm has been paid in ad valorem taxes to the City of Wylie (excluding the WISD). As shown on the Sales Tax Reimbursement Report, $100,410.40 was generated in sales tax in April 2016 versus $94,313.63 in April 2015. This represents a 6.46%increase over 2015 receipts. 605 Commerce Attached for the Board's review was a spreadsheet tracking all activities with W&M Environmental for FY 2014-15 and FY 2015-16. W&M has prepared Phase I&II reports for Mann Made,K&M,Business Way, is processing the VCP application for the Commerce property, and processing the Municipal Setting Designation through the City. Collin College Workforce &Economic Development On July 27, 2016 Collin College will be hosting a luncheon at which partnership opportunities with the College will be presented. Representatives from Wylie, Sachse, Murphy, Lavon, St. Paul, and Farmersville will be invited. More specifically representatives from the above municipalities, WISD, Chambers of Commerce, EDC's, and local businesses. Bart Peddicord Community Center On July 19th representatives from the WEDC, City Manager's Office, and Parks Department will be discussing the future of the Bart Peddicord Center. The Center is currently closed due to hail damage. The primary topic will be does the current utilization of the facility justify the expense of repairing the damage in addition to ongoing operating expenses. WEDC—Minutes July 15, 2016 Page 7 of 8 Insurance Claims For the six structures on Industrial Court the insurance adjuster identified $95,507.88 in Actual Cash Value (ACV). For the four structures on Birmingham, Cooper, Oak, and Commerce an ACV of $191,097.97 was identified in addition to $100,046.95 in Recoverable Depreciation. There will be no deductible associated with this claim for the WEDC and the City-wide deductible is only$1,000. Demolition of WEDC Properties on Commerce/Industrial Court Demolition of the remaining 6 structures located on Industrial Court will begin on July 22nd. The process should take approximately 4 weeks depending on whether Intercon reuses the buildings. If Intercon does not reuse the structures, the time frame could be cut in half. Upon completion of the remaining demolition, Intercon will be grading the Exco/Mann property as well. Regional Housing Starts Fifty-eight homes were permitted in Wylie for the month of June 2016. Sachse, Lavon, Murphy and Inspiration permitted a combined forty-three homes over the same period. No action is requested by staff for this item. EXECUTIVE SESSION Recessed into Closed Session at 7:15 a.m. in compliance with Section 551.001, et.seq. Texas Government Code, to wit: Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). Consider the sale or acquisition of properties located near the intersection of: • Cooper& State Highway 78 • F.M. 544 & Commerce • F.M. 544 & Sanden Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). • Project 2016-lb • Project 2016-6a • Project 2016-6b • Project 2016-6c • Project 2016-7a RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 7:45 a.m. and a motion was made by Demond Dawkins and seconded by Mitch Todd Wintters to approve the FY 2016-2017 WEDC Budget as presented. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. WEDC — Minutes July 15, 2016 Page 8 of 8 ADJOURNMENT With no further business, President Fuller adjourned the WEDC Board meeting at 7:46 am. Marvin Fuller,President ATTEST: Samuel Satterwhite,Director Wylie Economic Development Corporation MEMORANDUM TO: Samuel Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistant SUBJECT: July 2016 Treasurer's Report DATE: August 8, 2016 Issue Consider and act upon approval of the July 2016 WEDC Treasurer's Report. Analysis From the Balance Sheet,page 1: Deposits - $12,000. This amount reflects a deposit WEDC paid to Wylie Industrial Court for the current location of the WEDC office in the amount of$2,000 and a $10,000 Deposit for DW2 property. Loan Receivable - $64,798.60. This represents the balance of the Wylie Ice Cream Holdings note, which is reduced by the principal paid each month. There was a starting balance of$93,950 as of December 2012. Wylie Ice Cream Holdings has 41 payments remaining with a balloon payment of$33,248.44 due on 12-15-19. Account Rec — Forgivable Loans - $533,333.33. This figure includes the remaining balance of The Wedge loan in the amount of$183,333.33. Assuming The Wedge remains in compliance with their Performance Agreement, forgiveness of the remaining loan balance will be made in 2 additional payments in the amount of$91,666.67 on 12/31/16 and $91,666.66 on 12/31/17. The figure above also includes the loan made to Exco Extrusion Dies in the amount of $350,000. Assuming Exco remains in compliance with the terms of the Performance Agreement, this loan will be forgiven in 5 equal amounts of$70,000 beginning on the one-year anniversary of their Certificate of Occupancy(CO). Deferred Outflows - $667,173. This is a total of incentive payments which are due in the future. A breakdown of these charges include: T. W. Snider & Assoc. - $120,000, Ascend Extrusion— Phase II - $48,000, B & B Theatres - $75,000, Dank Real Estate - $7,500, GetSet - $20,000, All State Fire - $40,000, Von Runnen Holdings - $20,000, Exco Extrusion Dies — $80,000, KREA WEDC July 2016 Treasurer's Report August 8, 2016 Page 2 of 3 $100,000, VIAA $20,000, Patna Properties $30,000, FLM Development $76,673, and Freudiger Holdings $30,000. From the Balance Sheet,page 2: Deferred Inflow - $259,798.60. The Deferred Inflow Account tracks loans receivable from Wylie Ice Cream Holdings and Exco Extrusion Dies. The Wylie Ice Cream loan receivable is reduced by the monthly principal payment which for July was $723.48. The Exco Extrusion Dies loan will be reduced by $70,000 annually for 5 years beginning one year from Certificate of Occupancy. Revenue and Expense Report,page 2: Interest Earnings - $273.01. Interest earnings from the Wylie Ice Cream Holdings. Loan Repayment - $723.48. Principal payment from the Wylie Ice Cream Holdings. Rental Income — $7,700. Helical Concepts - $400, Trimark Catastrophe - $1,500, Richmond Hydromulch- $1,000, Wheels Unlimited- $2,800 and JC Ornamental - $2,000. Insurance Recoveries - $186,451.34. Additional payments were received this month from TML for hailstorm insurance claims. A total of$216,929.34 has been received to date. We anticipate a total of$318,051.83 in ACV payments plus depreciation on repaired buildings. Revenue and Expense Report,page 3: Office Supplies - $94.55. ICAN books ($6.82), Router Cable ($10.48), Gen Office Supplies ($77.25). Food Supplies - $36.36. Board Meeting Meals ($18.42) and Kitchen Supplies ($17.94). Incentives — 74,497.80. Ascend 2 —Payment 3 of 4 ($24,000), Woodbridge Crossing Quarterly Sales Tax Reimbursement ($50,497.80). Special Services — $1,503.30. MSD Application Fee ($100), Environmental Services — 605 Commerce ($863.30), Mowing ($540). Advertising- $1,295. 4Most Logo design($500), In& Around July($795). Community Development- $524.39. SBA Office Rent. Travel & Training - $2,908.01. BEDC Registration ($700), SEDC Registration ($500), IEDC Meals ($188.86), IEDC Hotel ($720.50), IEDC Car ($277.97), Bus Meetings/Prospect WEDC July 2016 Treasurer's Report August 8,2016 Page 3 of 3 Recruitment ($130.72), DFW Retail Forum Parking ($12), KCS Meeting — Air- Satterwhite ($209.96), DFW Retail Forum Registration—Herzog/Satterwhite ($168). Dues & Subscriptions - $1,020.86. Club Corp Dues - June ($637.86), ICSC Dues — Satterwhite ($100), Wylie News ($33). Audit&Legal- $460.00. Attorney Fees—CFA. Recommendation Staff recommends that the WEDC Board of Directors approve the July 2016 Treasurer's Report. Attachments July 2016 Treasurer's Report Sales Tax Revenue 8-04-2016 09:14 AM CITY OF WYLIE PAGE: 1. BALANCE. SHEET AS OF: JULY 31ST„ 201.6 111-WYLIE ECONOMIC BEVEL CORP AC.COUNT TITLE. ASSETS 1000-10110 CLAIM ON CASH & CASH EQUIV 1,201,168.50 1000-1011.5 CASH. - WEDC INWOOD 0.00 1000-10135 ESCROW 0.00 1.000-10180 DEPOSITS 12,000.00 1000-10198 OTHER. - MISC CLEARING 0.00 1000-10341 TEXPOOL 0.00 1000-1.0343 LOGIC 0.00 1000-1.0481. INTEREST RECEIVABLE, 0.00 1000-11.511 ACCTS NEC - MISC 0.00 1000-1I51.7 ACCTS REC - SALES TAX. 0,00 1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 1000-12950 LOAN PROCEEDS RECEIVABLE 0,00 1000-1.2996 LOAN RECEIVABLE, 64,798.60 1000-12997 ACCT. NEC - (TM TECH. 0.00 1000-12998 ACCTS REC - FORGIVEABLE, LOANS 533,333.33 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 6,431,018.12 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-1.4410 DEFERRED OUTFLOWS 667,1.73.00 8,909,491_85 TOTAL ASSETS 8,909,491_85 LIABILITIES 2000-2011.0 FEDERAL INCOME TAX PAYABLE 0.00 2000-201AI. MEDICARE PAYABLE 0.00 2000-2.0112 CHILD SUPPORT PAYABLE, 0.00 2000-20113 CREDIT UNION PAYABLE 0.00 2000-20111 IRS LEVY PAYABLE 0.00 2000-2011.5 NATIONWIDE DEFERRED COMP 0.00 2000-201.16 HEALTH INSDR PAY-EMPLOYEE, 0,22 2000-2011.7 TMRS PAYABLE 1,41.7.08 2000-20118 ROTH IBA. PAYABLE 0.00 2000-2011.9 WORXERS COMP PAYABLE 0.00 21100-20110 FICA PAYABLE 0.00 2000-20121 TEl PAYABLE. 0,00 2000-201.22 STUDENT LOAN LEVY PAYABLE 0.06 2000-20123 ALIMONY PAYABLE 0.00 2000-201.24 BANKRUPTCY PAYABLE 0.00 2000-20125 VALIC DEFERRED COMP 0.00 2000-20126 ICMA PAYABLE 0,00 2000-20127 EMP. LEGAL SERVICES PAYABLE, 0.00 2000-201.30 FLEXIBLE SPENDING ACCOUNT 0,00 2000-201.31 EDWARD JONES DEFERRED COMP 0.00 2000-20132 IMP CARP ELITE 12.00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20180 ADDIT EMPLOYEE ONION PAY 0.00 2000-20199 MISC PAYROLL PAYABLE 0,00 8-04-2018 OLUCIA AM CITY OF WYLIE PAGE; E BALABCF SHEET OFL jNLY 31(31, 2016, 111-WYLIE ECONOMIC! BEVEL CURL' ACCUILDT4 TITLE 2000-10201 AP PENDING 0.00 2000-20210 hecoUNTS PAYABLE F1,166„56) 2000-20530 PROPERTY TAEFS PAYABLE 0.00 2000-20540 NOTES PAYABLE 661,17"i...00 2000-20810 DUE ED GENERAL,. FOND 0.00 2000-22230 DEFERRED INFLOW 2(19,798.60 2000-22275 OFF INFLOW - LEASE PRINCIPAL 0„0.0 2000-2E280 DETERRED ttIELOW - LEASE INT 0.00 2008-22815 RENTAL', DEPOSITS 13,08 TOTAL LTARILITIES 9E3,214.34 EQUITY 3.6.66676G 3000-.34110 FUND BALANCE - RESERVED 0.00 3000-14590 FUND. BALANCE-ENRESEaViENDFSIG 7,9840197.80 TOTAL BEGINNING EQUITY 7,984,187.160 TOTAL REVENUE 1,834,413.66 TOTAL EXPENSES 1,83'6,333,75 REVENUE O2E14:/(12141ER) EXPENsEs 1,920.09) TOTAL, EQUITY A OVER/(UNDER) 3,882,213.51 TOTAL 1,IAB7LI1IES, EQUITY F OVERFLUNDER) 8,949,491.85 E6AEALGALG3.6.6..... „ . --... „., ..... - • __. 8-14-20 16 09',14. AM CITY. OP WYLIE PAGE; 1 0 AL AN CE. $HEZT Al OE: ICY 31St, 2016 911.;-G'Elq LONG 1'E RM 0E.B T.' (14R ncl ACCOUNT it T 11.L1F. A 85';FA'S .,...,,........,......,,, 1000-4 0312 G.OVE R NMENT NOTE S O.,00 1000-4 8110 LOAN - WED 0.01 1.000-1.81.20 LOAN - 81 RM I NGHAM 0.00 1000-1.821 a, AUNT TO BE PROV I DEO 1).31 001-4 8'2:20 SI PICING HAM UCC) G co 1000-1 9050 DEF. 0111'f LCM - C ONT.RI BUT IONS 23,447.0.0 1..000-4 90 75, ',)ET OUT FLOM - INVESTMENT E X P '6,BC?,00 1000-19100: 0E,5 OUT FLOW - All E XI'/A SS UM P 2,154.00 .....................................--------- 30,66.3,00 T OT'Al ASSET S. 30,6.63,00 LIABILITIES 2000-20310 COM PEVSATED ABSENCES PA YAB1 E, 4A,261.86 2.000-'20311 COMP ABSEN CES: PAYAB LE.-CORA ENT 0,00 2000-11410 ACC RUE D IN TERE S T PA.Y AB LE 4,0 1 a.84 2000-.28205 WE DC. LOAN.',?,'7 C.,"11 PAB NT 1A13,821.15 2000-28220 3)1 RM I N(3 NAM LOAN 0.00 2000-18/30 INWOOD' LOAN C.00 2000-282.32. AN P., LOAN]EDGE 1,650,92/.2.8, 2000-28233 6N8. LOAM PE DD 1.<'OPAII WHITE 616,719„19 2000-2812,34 ANa LOAN,/RAN DAC14, HVGH ES 138,838. CL 1 2000-.28.23,i ANS. L.41AN 0„00 2000-'•28236.. ANB C ON SIR U CT ION LOAN 0 110 2000.-28237 A,118' LOAN/ WOO OB Pj 0G R PA.R.FMAY 690,8.6.",:,',94 2000-282!333 A NIA LOAN/B U.CAAN AN 24.2,652,56 2000-2823.9 AN B LOAN/JONES HOB A RT PA YO FE 296,438.?3 2000-28240 HUG H ES LDAN 0.00 2000-28250 CITY. OF WI L I E LOAN 0.00 2000'-28.260 PRIME 'iWTS LOAN 0-00 ".,000-282,70 RuaL AND/ANDERSON. LOAN 0.00 2000-28.280 CA P CPA) ONE CA2 AD. LOAN 0.00 2010-2.82 91. 11.08A RTI co mmtac E LOAN CI,01 2000-21,150 NEI PENS TON L,T AD1 LIT Y.' 147,1.06.01 '1 )TAL LIAB IL 11 e-..6 3,. 9:::3 5,'137.86 —,..................................---. 80U I TY ...........,,,,,,. 300.0. 345.90 C''UNIL) BALANCEHUVRES ERVJUNDESI.G1 2,52. ,L1 6.1.50 3000-.35900 UNRE,,J1R1 CIE O NET POS I TI ON ( 114,96.9..,00) TOTAL BEM NN IN G EQUITY. 3 2,640,1.45,19) TOTAL REVENV E. 3 1,665,000'.003 702211 EXPENSE'S ( 420,00,33) ____,.......................................................................__. REVENN E OVE Pti(UNDER') E.XTENSES ( 1,264,92.9-C,1) T OTAL. ECM'I TY 4, OVE R/(UNDER) ( 3,905,074„86) 8-04-2016 09 14 AM. CITY OF WYLIE PAGE 2 BALANCE SHEET AS OF7. JULY 3IST, 2016 922-GEN LONG TERM DEBT OWEI/C'i ACCOUNT TITLE TQTA1 IAtI ITI00 QUITY 11 GVER/(UNDER 30,663,00 8-I'I-2 9 I 6 9 9/I„5 All FITT OF 119 I IN NAGE: 1 IS NVEfitIE AN D NxpENsE RE D()RT. - (UNAC 91 TN D1 ,111138 319T, 2 c'I,,,'f U 1 1 -5181,191 'ECONOMIC OEVIS, (100p 9161A9A7IINI SUMMR 9 CURRENT (If/R/1E I 4T PR r oR y EAR 8-"5-9 BID a,cd.;,T 'il oP (31,11/(INT PFRI 00 PP API VT, 1113f.I T I:A 1, 8 NIt mri RA NC 9 1391,611:315 DU DONT R99I'Cl17191U 9/2Mf'111:IY TAXES 9,257,920.00 2127,510.99 0,00 1,643,600./6 0.00 (14,110.26 68.1A INTERGOVERNMENTAL REV. 0,00 0.90 0,09 9,90 0.00 6.00 0.0E INTEREST INCOME 12,968.00 986.40 0,00 11,(82.74 MO 1,985,26 99,68 MISCELLANEOUS INCOME 141,290,00 3,1(00,09 6,60 1 1,592,129.1"7: 0,901 1,723,128.17 120.40- °T:1NR FINANCING SOURCES N•985(8199.'on 189/4 2/•24 °A° /(9111(929'24 92,20 ( 29959296/10 112892 TOTAL, (1.9 V13,18(ES 4,996,987.90 497,76 7,60 9,00 1,814,413,66 0„00 2,222,97 1,34 4 6.76 F'X12.99/PTTN/99F3919/MMARY DEVNIEPMENT CORP-61EDC 5,911 8/i11122 1 1 5•2 9.112•2;1 9,09 1,819,333.75 TOT A I, EX PR N 0 TuIRES IN,54 9,411.90 1'118,202,81 0,8(111 I,5 7 9 3 3 3.1'9 6,390.97 3,665,686.28 33.06, REVENUE: OVESVGJE2,19391 EXPENDITURES ( ,149,494.90) 212,894./7 (I.0 0 1 I,9211.091( 6,809.011 ( I,418,112-541 0.5/ 8-04-.2016 09:.L6 AM CITY OF WYLIE PAGE 2 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF JULY 3:1ST, 2016 111-WYLIE ECONOMIC DEVEL CORP REVENUES CURRENT CURRENT PRIOR YEAR BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET TAXES 4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-40210 SALES TAX 2,257,829.00 212,619.77 0.00 1,543,509.75 0.00 714,319.25 68.36 TOTAL TAXES 2,257,829.00 212,619.77 0.00 1,543,509.75 0.00 714,319.25 68.36 INTERGOVERNMENTAL REV., 4000-43518 380 ECONOMIC AGREEMENTS 0.00 00.00 0.00 0.00 .00 0.00 0.00 TOTAI. INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 4000-46050 CERTIFICATE OF DEPOSIT 0.00 0.00 0.00 0,00 0,00 0.00 0.00 4000-4611.0 ALLOCATED INTEREST EARNINGS 1,000.00 0.00 0.00 1,1.37,84 0.0(1 t 137.84) 113.78 4000-46140 TEXPOOL INTEREST 0.00 0.00 0,00 0,00 0,00 0.00 0.00 4000-46143 LOGIC INTEREST 0.00 0.00 0.30 0.00 0.00 0,00 0.00 400046150 INTEREST EARNINGS 3,817,00 273,01 0.00 2,863.70 0.00 953.30 75.02 4000-46160 LOAN REPAYMENT (PRINCIPAL) 8,141-00 723.48 0,00 7,101,20 0.00 1,039.80 87.23 4000-46210 BANK MONEY MARKET INTEREST 0.00 0.00 0,00 0.00 0.00 0.00 0.00 TOTAL INTEREST INCOME 12,958.00 996.49 0.00 11,1.02,74 0.0C 1,855.26 85.68 MISCELLANEOUS INCOME, 4000-48110 RENTAL INCOME 141,200.00 7,700.00 0.00 100,000.00 0.00 41,200.00 70.82 4000-48310 RECOVERY. - PRIOR YEAR EXPEN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-48410 MISCELLANEOUS INCOME 0.00 0.00 (1.00 ( 100,00) 0.00 100.00 0.00 4000-48430 GAJN/(LOSS) SALE OF CAP ASS 0.00 0.00 0.00 ( 1,682,028,10 0,00 1,682,028.17 0.00 TOTAL MISCELLANEOUS INCOME 141,200.00 7,700.00 0,00 ( 1,582,128.1)) 0.00 1,723,328.17 120.49- OT.HER: F.1-.NANC N.P...s° 4000-49160 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.00 0,00 0.00 0.00 4000-49325 BANK NOTE PROCEEDS 1,685,000.00 0.00 0.00 1,685,000.00 0.00 0.00 100.00 4000-49550 LEASE PRINCIPAL PAYMENTS (0 0.00 0.00 0.00 0.00 0.00 0,00 0.00 4000-45600 INSURANCE RECOVERIES 0.00 186,451.34 0.00 216 929 34 0,0(1 ( 216,929.34) C.00 TOTAL OTBER FINANCING SOURCES 1,685,000.00 186,451.34 0.00 1,901,929.34 0.00 ( 216,929.34) 112.87 TOTAL. REVENUES 4,096,987.00 407,767.60 0.00 1,874,413.66 0.00 2,222,573.34 45.75 8-04-20.16 09:16 AM CITY OF WYLIE PAGE REVENUE AND EXPENSE REPORT - (UNAUDITED) Al; OF JULY 31ST, 2016 111-WYLIE ECONOMIC BEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL, EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D BUDGET % CE BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET PERSONNEL SERVICES 5611.-51110 SALARIES 238,052.00 19,257.70 0.60 181,663.44 0.00 56,388.56 76.31 611-51130 OVERTIME 0.00 0.00 6.60 0.00 0.00 0.00 0.00 5611-51140 LONGEVITY PAY 1,073.00 0.00 0.00 1,024.00 0.00 49.00 95.41 5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0„00 0.00 0.00 0.00 0.00 H611-51160 CERIIFICATION INCENTIVE 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-51210 CAR ALLOWANCE 12,600.00 986.18 0.00 9,799.99 0.00 2,800.01 77.78 5611-51220 PHONE ALLOWANCE 4,656.00 1,164.00 0.00 4,156.00 0.00 300.00 91.56 5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0.04 0.00 0.00 0.00 0,00 5611-51260 MOVING ALL0WANCE, 5,000.00 0.00 0.00 0.00 0,00 5,000.00 0.00 '4611-61310 TMRS 36,617.00 0.00 0.56 24,966.65 0.00 11,110.35 66,07 561.1.-51.410 HUSPITAL & LIFE INSURANCE 38,101.00 2,529.38 0,00. 22,611.76 0.00 15,435.24 59.50 3611-51415 E)(ECUTIVE HEALTH PLAN 0.00 0.00 0.00 0,00 11.00 0.00 0,00 5611-N1424 LONG-TERM DISATTFLITY 1,357.00 11.01 0.00 750.59 0,00 606.41 55.31 5611-51440 FICA 15,601.00 1,220,50 0.00 9,533.66 0.00 6,073.34 61.09 561.11-51.450 MEDICARE 3,650.00 285.44 0,00 2,724.80 0.00 925.20 74.65 5611-51470 WORKERS COMP PREMIUM 663.00 0.00 0,00 637.47 0.00 25.53 96.15 5611-51480 UNEMPLOYMENT COMP (TWC) 810,00 0.00 0.00 513.00 0.00 297 -,00 63 33 ..., ,--, TOTAL PERSONNEL SERVICES 358,252.00 25,520.21 0.00 258,641.36 0.00 99,610.64 72.20 ''(7Y.YEP 5611-52010 OFFICE SUPPLIES' 3,500,00 94.55 0.00 1,580.71 0.00 1,919.29 45.16 5611-52040 'POS1A0E & FREIGHT 980.00 0.00 0.00 46.58 0.00 933.42 4.75 5611-52130 TOOLS/ EQUTP (NON-CAPITAL) 0,00 0.00 0.00 0.00 0,00 0.00 0.00 5611-5281D FOOD SUPPLIES 2,000.00 36.36 0.00 1,081.41 0,09 918.59 54.07 5611-52900 OTHER 5,000,00 0.00 0,00 0.00 0,00 5,000.00 0.00 TOTAL SUPPLIES 11,480.00 110.91 0.00 2,708.70 0.00 8,771.30 23.59 MATERIALS FOR MAIN1TNANC 5611-54630 TOOLS & EQUIPMENT 0.00 0,00 0.00 0.00 0,00 0.00 0.00 .5611-54810 COMPUTER HARD/SOFTWARE 3,000..00 0,00 0.00 3,870.15 0.00 ( 870.(0) 129.01 5611-54990 OTHER 0.00 0,00 0.00 0.00 0,00 0.00 0.00 TOTAL MATERIALS FOR MAINTENANC 1,000.00 0.00 (1.00 3,870.15 0.00 ( 870.15) 129.01 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 2,012,414.00 74,497.80 0.00 1,356,145.13 0.00 656,268.61 67.39 5611-56040 SPECIAL SERVICES 112,900.00 1,503.30 0.00 122,264.24 6,217.00 ( 15,(161.24) 111.87 5611-56080 ADVERTISING 35,280.00 1,295,00 0.00 20,891.00 0.00 14,387„00 59.22 5611-56090 COMMUNITY DEVELOPMENT 47,250.00 524.39 0.00 29,786.40 0.00 11,463,60 63.04 5611-56110 COMMUNICATIONS 5,960.00 469.53 0.00 4,706.40 113.91 1,139,63 80.88 5611-56180 RENTAL 29,4.00.00 2,444.00 0.00 25,540.68 0.00 3,859,32 86,81 5611-56210 TRAVEL & TRAINING 29,450,00 2,908.01 0.00 23,966.70 0.00 5,483,30 81,38 5611-56250 DUES & SUBSCRIPTIONS 18,890.00 1,020.86 0.00 10,967.40 0.00 7,922.60 58.06 5611-56310 INSURANCE 4,310,00 388.72 0.00 2,538.03 0,00 1,771,97 58.89 5611-56510 AUDIT & LEGAL SERVICES 23,000.00 460.00 0.00 12,958.00 0.00 10,042.00 56.34 5611-56570 ENGINEERING/ARCHITECTURAL 20,000.00 0.00 0.00 9,842.21 0.00 10,157,79 49.21 5611-56610 UTILITIES-ELECTRIC 4,500.00 145.71 0.00 3,722.81 0.00 777.19 82.73 , TOTAL CONTRACTUAL SERVICES 2,343,354.00 85,657.32 0.00 1,623,351.20 6,390.97 713,611.83 69.55 8-04-2016 09'.:16 AM CITY OF WYLIE PACE.: 4. REVENUE AND EXPENSE REPORT - (UNAUDITED) AS Of JULY 31ST, 2016 111-WYLIE ECONOMIC OFVEL CORP DEVELOPMENT CORP-MEDC DEPARTMENTAL, EXPENDITURES CURRENT CURRENT PRIOR YEAR BUDGET 1/4 OF BUDGET. PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET DEBT SERVICE & CAP, FOOL ... .... 5611-57110 DEBT SERVICE, 686„825,00 0.00 0.00 0.00 0.00 686,825.00 0.00 5611-57410 PRINCIPAL PAYMENT 0.00 52,040,28 MO 419,724,96 0.00 ( 419,724.96) 0.00 5611-57415 INTEREST EXPENSE 0.00 11,854.11 0.00 111,101.31. 0.00 ( 111,101. (1) 0.00 5611-57710 8AD DEBT EXPENSE OL00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL DEBT SERVILE I CAP, REI'L 686,825.00 63,894.39 0.00 510,826.27 0.00 155,998.73 77.29 CAPITAL OUTLAY 5611-58110 LAND-PURCHASE PRICE 1,885,000.00 0.00 0.00 1,912,637.00 0.00 ( 27,637.00) 1.01.47 5611-58120 DEVELOPMENT FEES 0.00 0,90 0,00 0.00 0,00 0,00 0.00 5611-58150 LAND-BETTERMENTS 0.00 0,00 0.00 0.00 0.00 0,00 0.00 5611-58210 STREETS tc, ALLEYS 0,00 0.00 0.00 o,Go o,00 o,cro 0.00 5611-58410 SANITARY SEWER 0.00 0,00 0.00 0.00 0.00 0,00 0.00 5611058810 COMPUTER. 1/AND/SOFTWARE 3,000.00 0,00 0.00 6,328.39 0,00 ( 3,328.39) 210.95 5611-58830 FURNITURE &. FIXTURES 2,500.00 p,00 0,00 1,343.0i 0,00 1,1E6.99 53.72 5611-58910 BUILDINGS 250t000.00 0,00 0.00 0.00 0.00 250,000,00 0.00 5611-58995 CONTRA CAPITAL OUTLAY o.r.)q 0.00 0.00 ( 2,463,372.33) 0.00 2,463,372,33 0.00 TOTAL CAPITAL OUTLAY 2,140,500.00 0,00 0.00 I 543,063.93) 0.00 2,683,563.91 25.37- OTHER FINANCING (USES) 5611-59111 TRANSFER. TO GENERAL, FUND 0.00 0,00 0.00 0.00 0.00 0.00 0.00 5611-59190 TRANSFER TO THORUGRTARE IMP 0,00 0,00 0.00 0.00 0.00 0.00 0.00 5611-59430 TRANSFER TO CAPqTAL FUND 0.00 0.00 MO 0,00 0.00 0.00 0.00 5611.-59990 PROJECT ACCOUNTING c.o.° o.00 mo ' (Lao o..Go mo 0.00 TOTAL OTHER FINANCING (USES) ma 0.620 0.00 0.00 0,00 0.00 0.00 TOTAL DEVELOPMENT CORP-WEDC 5,543,411.00 176,202.83 0.00 1,676,333.75 6,390.97 3,660,686.28 33,96 TOTAL EXPENDITURES 5,543,411.00 175,202.83 0.00 1,876,333.75 6,390.97 3,660,686.28 33.96 REVENUE OVER (UNDERI EXPENDITURES ( 1,446„42.4„00) 232,564.77 0,00 ( 1,920.09) ( 6,390.97) ( 1,438,112.94) 0,57 IIFI, END OF REPORT *,' � 5-0 -7016 n;zm *m mmruzu czwrImo pxGo; z MIND ' 111-WeLlE E'f,`ONmuz� DEVVc CORV nERzmm TO USE': Jul-2w1a npu Ju�-2016 DE FIT , 611 oavmuxpuamr clORe-wooc xmoouwrn, muzz-aoom oaau 5611-sm910 eoar oars raow w map"Ipomca peosm�~~~~~�om�cmr��r�w�~~��~� vmmn zmv/Ja w n��o ~—~axLanca~~~~ -------------------------------------------------------------------------------------------------------- so11-s2m1a mrrzoa aaeeLzsm 8 m o r m m � m o o x c A w c a /,486.16 7/19/16 �/I* uasom nFT: 00016a 82!*11) TABS-zcme amomm 000912 ozr, zmmzm xroamr a.*m 1,ete2�*u 'I/1m//a �/1w mm3s'�s orr: oumLsa eumzo moursm 0o0912 mz�'l Jomza onnmmr syAm 1,s62A'� 7//9/1* r/19 ao3oa oeT; 00n166 aouzm mmnToa CmaLE ucuprmn 000917 82 1� zum1* wYm^mr Ia.au '71/9/16 �/lu x*soYm mrT� wmnlea 82830 mmoTma marmmw 000912 e2/7 Jum1s ezOANT my�necm 1,s09.aa r/'m/16 1/1* ma Yuvm orc, oomzws 82810 CABLE nuxer-amzomm 000mza morr unmz^ VxmaeT s.zmrm 1,~ym�.u6 7/25/16 7/z5 u6amoo cmx, om^wE5v nunma mpn mup-puPIEw, cczea 000392 25209 wsmo rv.zs smn.,n �~�~~~~��~~ umLx acrzvzTr oo^ I'110.74 cm: Ni.ImcR ,11.m5 ----------------------- ---------------------------------`-`-------------------------------------- sozx-soo4m poa�mmo 6 rmozmor a m m z m m z m G s A n a w o o 46.58 ---------------------------------------------- _-_--_-----_---_______-_-_______-_____~- salz-su1,sn rupm/ t,mwz» ,wop-rAPzrnc� o o m I m m z m s SALANCE o'oo ----------------------------------------------------------------------------------------~ sa so romcn/ 000zp - mLum-m*ae.yy m o m z m m z m m a A 1, A m c s *.o° ��----- ----------------------------------------------------- -------------------------------------------- sw11-5zo0 romm aueeczEa a m m z m m z m m BALANCE 11045.os IMmyz u ?/1e n6�3-16 mrFT. mmnxeu 82e10 womc Boamu mrm mme,, omomza 821r .JomVa nxoamr o'aa z,ms4.r1 �Me/16 7/1* a63378 msT. mmezao uzazo mrrcmua mmPPLzan moo*zs mzn JUm16 auGANr zr.ow 1,072.65 7/19/16 r/19 u61178 upV^ 000166 82810 wEM� ammam 'Arm MEAL munmzz 827` ozmzs aMmamr m,'M �, I I~~ JmL» wcEzVzTv om` sa�am Cm: o.oa 36.36 --------------------------------------------------^-------- --------------------------------- sa1z-yzyam m17oO, m E c z w w z m m m a � * w c s m.uo ----------------------------------------------^----------------------------------'-------------- us�1,-s`/msu rcmLo ^ mmozPMEmr m o o r w m z w a R s L m w o s * mw ----------------------`------------ ----------------------------------`------------------------ ya^x-s4azo onaPnnsm wxem/amnrmmmo D c a z w m z w m 8 m c a m C u a^m 10.111 8-04-2016 9°,18, AM DETAIL LISTING PAGE: 2 ill-WYLIE ECONOMIC DEVEL CORP PERIOD TO USIZ, Ju1.-2018 THRU 1a1.-2016 DEPT DEVELOTMENT CORP-WEDC ACCOUNTS 5611-52010 THRU 5611-58910 POST DIIE, TRAN (3 REFERENCE 5611-54990 OTHER BEGINNING BALANCE CI CC) - - 5611-56030 INCENTIVES BEGINNING 1) A I, A. N C E 1,281,647.53 7/12/16 7/12 1362939 VOID 08181.5 82611 REVERSE VOIDED CHECK 004581 31-A INCENTIVE 15,000.00CR 1,266,647.53 7/12/16 7/1.2 A62939 VOID: 081815 82611 REVERSE VOIDED CHECK 00481 #1-B INCENTIVE 25,000,00CR 1,241,647.53 7/13/16 7/13 A62958 CH.K. 0832.59 82630 INCENTIVE 1 A 004581 31-13 INCENTIVE-A 15,000.00 1,256,647.53 7/13/16 7/111 AE2959 CEI.K 083259 82630 INCENTIVE 1. B 001581 31-0 INCENTIVE-B 40,000.00 1,296,647,53 7/13/16 7/13 A62965 VOID 088259 82632 REVERSE VOIDED CHECK 004581 fl-P, INCENTIVE-A 15,000,00CR 1,281,647.53 7/13/16 7/13 062965 VOID 083259 82632 REVERSE VOIDED CHECK 004581 191-13 INCENTIVE-B 40,000.00CR 1,241,647.53 7/13/16 7/13 A62969 CHK:: 083260 82633 31-A. INCENTIVE A 004581 31-A. INCENTIVE A 15,000,00 1,256,647.53 7/13/16 7/13 A62970 INK 083260 82633 #1-13 INCENTIVE B 004581 31-15 INCENTIVE, B 25,300.06 1,281,647.53 7/L8/16 7/18 A63251 CH.K. 063311 62774 ASCEND 2 - PMT 3 OF 4 003424 ASCEND 2 INCENT 3 24,000,00 1,305,647.53 7/20/18 7/20 1363153 DiFT 000167 82834 071216 SALES TAX REIMBUR 003019 071216 50,497.65 1,356,145.33 018 169,497.80 CR: 95,000,00CR 74,497.80 - ----- -- -------------------- 5611-56040 SPECTAT, SERVICES BEGINNING BALANCE 120,780,94 7/07/16 7/07 1(62350 CHK 083059 82478 MSD APPLICATION FEE 000101. 070516 WEDC 100.00 120,680.94 7/16/16 7/18 13.63200 1.2E.14 083305 82758 MOW/WEED 76/C0138 001173 062916 200,00 121,080.94 7/18/16 7/18 A63200 (HE 083305 82758 M0W-UDO11 001173 062916 40.00 121,120.94 7/1.8/16 7/18 0.63200 CHK. 063305 82758 140W-HMY 78 001173 062916 1.20.00 121,246,94 7/18/16 7/18 A63200 CH..Pt. 083305 82758 14014-107 BY WAGS 001173 062916 60,00 121,300.94 7/18/16 7/18 A632.00 LICK 063305 82758 MOW-COOPER. DR CURVE 001173 062916 60,00 121,360,94 7/18/16 7/18 A.63200 CffK. 083305 82758 24014-011A1 PROD 501173 0629i6 60,00 1.21,420,94 7/16/1.6 7/16 13.63201 02214 083307 82758 605 COMMM - VIP APRIL 16 001320 1/CP0039175 131116 603.75 122,024.69 7/19/16 7/19 0063406 CH..K 083333 62821 398 014978 1300'1 TAX-JUL1 000821 R682000007001 3116 259.55 122,284.24 JULY ACTIVITY DB 1,503.30 CR:: 0.60 1,503.30 5611-56060 ADVERTISING BEGINNING BALANCE 19,548,00 7/25/16 7/25 A63774 CHK 083438 8291.7 4M0ST LOGO 002098 1220 - ((CDC 500.00 20,098,00 7/26/16 7/26 A63888 CUR 083481 82947 IN 6 A0011N1)-J0L9 000391 11953 WEDC 795.00 20,693.00 JULY ACTIVITY DB: 1,295.00 CR. 0.00 1,295.00 R 8-04-2016 916 AM DETAT I. LISTING PAGE, 3 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE°'. Jul-2016 THRU Jul-2016 DPI')' '.: 13(1. DEVELOPMENT CORP-WEDC ACCOUNTS 5611-52010 THRU 5611-56910 POST DATE TRAN t REFERENCE, PACXET- -,,,,DESCRIPTION------ VD4D. INV/JE # 6O]'i' AMOUNT 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 29,262,01 7/01/16 7/01. A.62113 CHK: 083006 82371 SBA OFC - JULY RENT 004569 062416 JUI16 524,39 29,786.40 JULY ACTIVITY Dfl. 524,39 O5 0.00 524.39 5611-56110 COMMUNICATIONS BEGINNING BALANCE 4,236.87 7/18/16 7/1.8 1063190 CHK 083309 62.758 TABLET SVC WICK 000190 622495799-07 JUN16 113.97 4,350.84 7/19/16 7/19 210360 OFT, ocolcifi 82809 TELEPHONE SERVICE 0,0091.2 82-0 JUN16 SATTERW 1.60.55 4,511.39 7/19/16 1/19 1.63117 CUR': 0833.31 62821 INTERNE) SVC - WEDC 004566 2101577989 JU525-J 195.01 4,706.40 -----,,,,,,,,,,.,,.. JUlY ACTIVITY DR': 469.53 CR: 0.00 469.53 5611-56180 RENTAL BEGINNIN G B A L A N C E 23,096.66 7/20/16 7/21 A.63486 CHK 081342 82850 COPIER RENTAL WEDC 003509 93977 MEDIC 194.00 23,290,68 7/22/16 7/22 1063645 0U11: 083394 62899 RENT' - AUGUST 201.6 003211 071816 2,250.00 25,540.66 JULY ACTIVITY DB: 2,444.00 OR: 0.00 2,444.00 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 21,058.69 7/16/16 1/18 A63245 CHK: 083322 62774 BEDC REGISTR 2016 FALL 000362 4677 700.00 21,758,69 7/19/16 7/L9 0363338 EFT 000166 82803 SEDC CONE REG 000912 8277 211516 GREINER 500.00 22,258,69 7/19/16 7/19 A.63338 EFT: 000166 62803 IEDC MEAL-GREINER 000912 82.77 JUN16 GREINER 18,1.7 22,276,86 7/19/16 7/19 A63338 EFT': 000166 62803 IEDC MEAL-GREINER 000912 8277 JUN16 GREINER 22.67 22,299.53 7/L9/16 7/19 1063338 EFT:: 000166 82603 IEDC MEAL-GREINER. 000912 6277 711N16 GREINER 23,48 22,323,01 7/19/16. 7/19 A.63338 EFT 000166 82803 IEDC MEAI-GREINER 000912 8277 91.1N16 GREINER. 22.67 22,345.68 7/19/16. 7/19 A63338 DET 000166 82603 1/IC MEAL-GREINER 000912 62.77 JUN16 GREINER 18.14 22,363.82 7/19/1.6 7/19 1063018 DPI:: 000166 82.803 IEDC MEAL-GREINER 000912 8277 JUN16 GREINER 36,23 22,402,05 7/19/16 7/19 106.1330 DOT, 000166 82803 'EEC HOTEL-GREINER 000912 8277 1UN16 GREINER. 425.70 22,827,75 7/19/16 7/19 A63336 DET:: 000166 82803 IEDC MEAL-GREINER. 000912 8277 311N16 GREINER 25.16 22,852.91 7/19/16 7/19 1063336 OFT;: 000166 82803 1/011: MEAL-GREINER 000912 8277 JUN16 GREINER 20.34 22,873.25 7/19/16 7/19 0360331) EFT: 000166 82803 IEDC CONF. HOTEL-GR. 000912 6277 JUN16 GREENER 294.80 23,166.05 7/19/16 7/19 A.63330 OFT;: 000166 62803 IEDC GAR-GREINER. 000912 8277 JUN16 GREINER 24.5.49 23,413.54 7/19/16 7/19 1063338 EFT: 000166 62803 IEDC - GAS- RENT CAR 000912 6277 311NI6 GREINER. 32.4B 23,446.02 7/19/16 7/19 A.63363 EFT': 000166 62809 PROI UPDATE-HERZOG 000912 8277 JUN16 ((NOTION 21.11 23,467.13 7/19/1.6 7/19 1063361 DET 000166 82609 BUSINESS MIG 000912 8277 J11516 SATTERW 26,69 23,493.62 7/19/16 7/19 A.63363 DOT' 000166 82809 DEW RET-COFFEE-SATT 000912 8277 JUN1.6 SATTERW 7.69 23,501.51 7/19/16 7/1.9 A63363 IDET. 0001.66 62609 DEN BEI- PARKING 000912 8277 111N16 SATTERN 12.00 23,513.51 1/19/16 7/19 A63363 OFT:: 000166 82609 AIR-SATTERWHITE-KOS 000912. 8277 jU516 SATIERW 209,96 23,723.47 a-n;-m/a o.mmy umz ^ z � Lzo 'IF zwo puGx. x enuo . 1 J.1�-NYzITx 000wumIo umvoL CORP eao on rn USE. d uu-zoa UNRU Jul. zm^ oarr . 6�1- oovEu,cmomr ume Wmoc x�oommn, su-szom zHRo 5611.-nnn10 000r onzo TRAM o uormno El'l e^cnur~~~~~~onocuzerzom~~~~~~~ vnmn zxv/oE o poro //1 1)/zs //1,y aa3z6'1 orr. 000166 onvop nnn ucc- oTsys ann*m 000912 52 1r :nwIA ourrmnw I �)z za' 41. oo 1/zn/zn VIA x6�363 orr. ovnz^6 oznoo ovu annGo 0009z2 nor1 uvm1.6 onrrmow 33 'L3 as' 74 rr 7/Ip/In // �q o nor, nonznn o281n orw uoTuzf, nonnm nnoyzo 827-1 Jvwts wzcew� 168.00 23'942�-i3 -//1,9/Io //19 anzY/o orr, noozsa naozo aoa wzo-umn,Mmn/o^zr 000912 8277 znmI,s wYcuwr os *r 23.966. �n Jncz aoTzvzrz oo. n'000�nI co, n,(In 2'*08�01. ________________________________________________________________________________________________________ ss�A.-sF,zzn rmosmoozomuu zmuzwzmo u o n z IN n z m u o u 11 u m c o o uo _____________________________________________________________________ ______________ ,)1,11.-s62�70 000S a sna�oazr�znmn BEGINNING, u u L u m c o 9'946 54 7/11.u/Lo 7/19 u63338 ooT. 000l.oC, 8280/ auoc unou 00091.2 ou'// mm1.6 cuozmmn 21oo.00 iu'1.96.54 Ao33o3 orc, oo0166 nznnp onon-cLoa cnoc vonozz 8217 xnmz* ourronw 637,86 10,8-34An 7/19/1u 'I/zy uoJa/n urr, oonzc,s 22a10 zroc 00091�2 ou// nUmzC6 nvGANz 1.00.00 /0'934Ao r/25/16 1/2o cuK, 083461 o2»c(5 vrLzo mm*n - L YEAR ona nvo`nz zo*so wmuc a»�ov zo'po oo :nF, Anrzvrr, oa. 1'n20�oo ca, n.nn 1.'020,86 ___________________________________________________________________________________________________ �sAA-�na1-o zuoou^nCo a a c z m m r m c o x L * m c o 2'14e 31 //z*/zn '7/25 *ma,p caa, 083462 uz»zs Add 209 z"u c=",L 000352 sn«s JUL`o xno 74 z,:�o 01) //2�/1.1, //zs aasazn oou, nnz^sz azpca z* ray nons!,z r'Mh anL16 zz ozou z'sanAz JoI.x *crzvrTv ua, ouu�-« ca, 12 uacm 388,72 ________ r6 1./-r*o1.0 pvuzr LEG^L, oonvzcmo u o o z o m z m c a * T, ^ u o n 12'412 on 7/uu//a 7/25 ^fi3r72 oux^ 05s437 829z'7 A,,v rEPn cn» - mooc 000023 s 27*3-on7` vsn.00 1.2'968 nu ~~~~~~7~~7--- Hv.Lx uu�zvz�, oa, osn.on co, o.00 «ou,nu ________________________________________________________________________________________ 5657n mmszmoouzm�/ancazrocroouI, a o o z w m r m o BALANCE 9'842 / ________________________________________________________________________________________ so1.1-so61.o nr]Lzrz�a-u�acro�c a m r r w m r y o BALANCE s's zu r/za/za 1/26 nsapos cnn. 083'17n 82')4'7 oTrLrrroo - nAo vn'�zoo 3029287066 12.01 s'o8e'1.1. "7/2e16 7/26 a63905 ma, oaa«?u 82947 orzLzrzso - llocrazC 003 302 3o2928701,,6 1.1.6.48 3' 705�so 8-04-201.6 y,m ^m o u r u z L T, z o 111, z w c ,vC."T�:: r rnmu , zzz-=zLIs acmNOmzc navzL CORP PERIOD TO unu: ou/-zn1a ruRo u,l--zo1a cmcr . bzl. oavEzuruomT coue-*mmz ezcoomrn, 5611-52010 ruao 561.1-5891.0 m,nT cmro znam o moFonomco excnnr�=:~- vowo zmv/vo # mnro r/na/�a r/oo arb»,os cum, onso/o ozo^'/ ollilzLz'll,zma - warsm 003302 z02e2n'/06fi 17�22 x'r22.81 :olz m;rzvzrz ua, 0,00 z45"il, --------------------------------------------------------------......----------.......------------------------- 5a uaovzos a m G z m w z w ; u a 11 a n c o n.no ----------------------------------------------------------------------------------------- --------------------------~ 561,1-s'l410 eazwczeuL curaomT o o c z u m z w s a ^ L ^ w n o 3m'6o4.ao 1/�o //zz as2Jx5 a"k mcc n'lo1,zn 145 10 zozxuz^ u&u euz o10 Jov 024224 'onn.wu '10a'aas,su //vo/In //19 a52153 n"k nc, o'�no/o z^s^n aozvz/« nouozcouo/wuzro nmr*zo 000 024274 s'/au.za `ao,sz^/ « I C� r/zy n�z«/z a": ucc n/,nx6 1,4555 zr24292 wa puwr pMr o23 zo� 02*292 1 1'689.08 m�z'uo,�.o'l //ez/Is )/zz aszs'�7 o"k. 01�, o72210 z^')o« vozoo� ancnmnum riAr *23 Joo 024333 u'*oo.wo 19a,/sz.yz -)/zz//s 1/22 u,zs-ia auk nfL o 122�o 11594 Ju24334 soou emr C. Joo 324334 zz,+v�./^� 410'1r5.06 //zH/zs o/o, o5266o m"^ uu u,cnzo 116o/ zoz^s7* p,r J44 Jo« 02,4379 y'�^^.yu 411)'/24.96 Jo^z xozzv,r, on, 52'0*0.25 uu. v,ov sa,u*a'mo ______________________________________---___________________________________________________ so�1 s/4z5 zmraomnr axunmoo o m s z u u z m ^ o a c u w c u 99'247�2o 7/5 16 '7/tz 952385 a"k uct 0/011n 1.4o18 Jau4zzv u&m pmz o J E# nzozz^ !1'0�+.43 100'311.aa "I/ox/i^ zy aru«.5 3 a"x o�L 0'708,G 14548 11Ee«2'14 rouurcuuo/wxrro vwro1.* Jok 024274 �'��3'z* 102'524,oz r/ls/1,* zp a52471. a"� ozr 0/151n 1.45�u ns24292 wa powr emr wci zuo 024292 z,y�u.um zo*'Lns�s� r/22//6 1/o2, aszbo/ auk oEl- 07 2216 1.14584 Joz^aa3 avcH1.',Nuu cwr #z` Jo* 024333 823.a7 104'927,54 //22/16 1/22 x52538 n"J< nct o'lo2 1s 1.4s8* zoz*o^ Euco pmr ol Jo# 024334 m'^/o.m 1.1.5'b**.21. r/zu/zs a/nz eszooa a"k ocL 0172o16 �uaor Jo2«»/o uoouou/a^moxcX cMr x4o Jox 024379 55'1,/0 /1z' 1n1,zz :nm uurzvzrx uo, 1.1..854.ii oa. u uo 1 1,854.�s ------------------------------------------------------------------------------------------------ ns 1 zu a^o uomr uxoonno a o s z m m z w s n ^ c ^ m c o ono --'--------------------------------------------------------~----------------------- �a1.z 811.0 Lamo-conouuoE pazcE B o o r w m z m c a A 1� x w c n 1'91.2'63-1.ov -----------------------------------------------------~---------------------------------- �.zL 501.20 oovoLopmomr roza u o C r m u z m o a u 1� a w o m non ___________________________________________________________________________ m-mo-zu�m 9;18 AM m m r A z L r m � z u u ex(o' 6 rvm) , �11-wcco ocmmomzC oo'VML comp nomzmu ro 000� u^z-zm1a THRU auz-2016 DE PT ' e11 movacoemowT CORP WEEK," Aczcoomzs,, s611-52010 ramu 56z3-5891'a POST cATs 'VRAN w eoPEoF"N(Ir V FN D smo-aUrspmsmrn a s s � w N r m m o a 1, * m o m m.mn ---------------------^-----------------------------------------^------------------~ esz1-s8z10 szRoEco x uLLuvs e a s z m m z m C'� m m L m m c m m.ao 5611-soll Im aamzTnar oowoa m o o z m w z m m a a c a w c u u.uu -----------------------------—------------------------------------------------------------------------------- sazz'ame1u uuMeozaa aamm/mmpcvAma m o e z m m r m m a y � m m c s 6,328,s0 ___________________________________________________________ ________________________ sazz euRmzromn o FzxIroam� m a C z m m z m m m a 1, n e C _________________________________________________________________________________________ ss1/-sam10 auzWINGS e o s x m w z m m o x L a p o F. o.mw ~-~-°---~-~-~--~-~-^-°-°- NO mmmnsa IN ruzm mE,'*on'N --°-~-~-~-^-°-~-~-~-°---^- -` ampoar TOTALS -° -- msmzzm -- -- coaozry --- maozm�z�� m^l,umcro: 3,9s1'382.10 o om mopmarmo mcTzvzrp: 244'7r*.mo ys,mma.�zcm Emmzmm BALANCES:: 4,17e,152,90 95^1,198.2 Ica TOTAL rumo mmmzmm macawcs` 4,081'064.12 11 0 4-2.016 g,Ig AM DETAIL L ,I C;. 'T` '1 f G PAGE;GE 7 SELECTION t',1,'S:'1°1v,11,.IA 1"1 :AR PEARL )1a^t-2015 / Sep ?y716 FUND; lr"e^d.l de; 11,.I PERIOD TO t'ti1:': Jul m-2w0e16 "I"IIA.11 ul.-2016 TRANSACTIONS; BOTH ACCOUNT 'SELECTION N ACCOUNT RANGE; 5611 5?01CI TURN 56:1.I 58;p'10 ACTIVE FUNDS ONLY: NO ACTIVE Al.tl„CUNT I)1JL? NO Ill I,IINE RESTRICTEDry �/41 1�11:111�ITS: IN) DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACC 1t1N1S WITH NO ACTIVITY: 11,1 PAINT VENDOR NAME: NO PRINT PROJECTS: NO PAINT IC;111s1111Ap ENTRY NOT EST 1*O FEINT 11)/l`ELrY TOTALS; YES' R'B11t1^T GRARD ICTAIST 111'y PRINT: INVOICE 11 PAGE BREAK III NO VI:, I t* 111/i7 fi41" RETORT 1°"' Wylie Economic Development Corporation Inventory Subledger July 31, 2016 Inventory- Land Date of Pur. Address Acreage Improvements Cost Basis Sub-totals Cooper McMasters 7/12/05 709 Cooper 0.48 n/a $202,045 Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934 Perry 9/13/06 707 Cooper 0.49 Demo 200,224 Bowland/Anderson 10/9/07 Cooper Dr. 0.37 n/a 106,419 KCS 8/1/08 Cooper Dr. 0.41 n/a 60,208 Duel Products 9/7/12 704 Cooper Dr. 0.50 n/a 127,452 Randack 10/23/12 711-713 Cooper Dr. 1.09 217,500 8,880 400,334 Lot 2R3 7/24/14 Cooper Dr. 0.95 n/a 29,056 $1,312,672 Industrial Ct. Hughes 7/25/06 211 -212 Industrial 0.74 209,801 10,000 420,361 R.O.W. 0.18 41,585 Prime Kuts 10/8/07 207 Industrial 0.20 182,223 4,550 229,284 R.O.W. 0.11 n/a 77,380 Cazad 3/17/08 210 Industrial 0.27 128,083 3,900 200,782 Buchanan 8/13/14 400 S. Hwy 78 1.25 Demo 503,233 Glenn 4/24/15 209 Industrial Ct 0.18 69,426 2,900 326,773 R.O.W. 0.12 n/a Mann Made 2/10/16 398 S. Hwy 78 1.23 Demo 750,244 C.O.W 4/13/16 R.O.W. 0.29 n/a 52,653 2,602,295 Regency Regency Pk. 6/4/10 25 Steel Road 0.65 n/a 25,171 25,171 Commerce Hobart Investments 11/12/13 Commerce 1.60 n/a 156,820 Hobart 1/6/14 605 Commerce 1.07 396,263 20,000 386,380 543,200 Downtown Heath 3/17/14 104 N. Jackson 0.17 Demo 220,034 Udoh 2/12/14 109 Marble 0.17 n/a 70,330 Peddicord 12/12/14 108/110 Jackson 0.35 155,984 4,444 486,032 City Lot 12/12/14 100 W. Oak St 0.35 n/a Jones (K&M) 9/3/15 106 N. Birmingham 0.21 42,314 4,125 190,596 FBC Lot 6/15/16 111 N. Ballard St 0.20 na 150,964 1,,117,956 Alanis White Property(Alanis) 12/12/14 Alanis 6.63 n/a 420,336 420,336 South Ballard Birmingham Trust 6/3/15 505-607 S. Ballard 0.95 Demo 409,390 409,390 Total 21.65 $1,433,599 62,424 $6,431,019 $6,431,019 *A Journal entry was made by auditors to adjust the cost of the Hughes land by$4,638.79. This amount was for taxes owed and not part of land value. *Prime Kuts total purchase price was$306,664.45. The distribution between 207 Industrial and R.O.W. purchased was developed by Seller for tax purposes. Wylie Economic Development Corporation Balance Sheet Sub Ledger July 31, 2016 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance July 1, 2016 3,792,728.69 ANBTX-88130968 HUGHES/RANDACK(44 of 60) 10/23/12 10,107.00 167,463.60 9,549.90 557.10 3.99 157,913.70 ANBTX-88130976 WOODBRIDGE PKWY (#23 of 60) 8/15/14 13,267.93 726,357.67 11,689.08 1,578.85 2.61 714,668.59 ANBTX-88148481 BUCHANAN(#23 of 60) 8/13/14 7,331.95 262,238.21 6,508.08 823.87 3.77 255,730.13 ANBTX-88149711 PEDDICORD/WHITE(#19 OF 120 12/12/14 7,382.45 632,341.30 5,169.26 2,213.19 4.20 627,172.04 ANBTX-88158043 K&M/HOBART(10 of 48) 9/2/15 8,745.25 319,327.91 7,680.82 1,064.43 4.00 311,647.09 ANBTX-88157334 LINDUFF/EDGE(1 of 15) 10/21/15 5,803.89 1,685,000.00 11,443.14 5,616.67 4.00 1,673,556.86 July 31, 2016 $52,040.28 $11,854.11 3,740,688.41 Note: Principal and Interest payments vary by date of payment. * Balance adjusted $514.68 at payoff of ANBTX-88122627 (Martinez) WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report June 2016 DATE PAYEE AMOUNT BUSINESS PURPOSE I INDIVIDUAL/GROUPS PRESENT J 07/02/16 Cytracom 160.55 Telephone Svc IN/A 06/07/16 Chilosos 21.11 Project Update Satterwhite, Herzog, Parker 06/14/16 Club Corp 664.55, Dues, Bus Mtts, Prospect Recruitment May 06/15/16 Starbucks 7.69 DFW Retail Forum Satterwhite, Herzog 06/15/16 Intercontinental Hotel 12.00 DFW Retail Forum Parking 06/21/16 Southwest Airlines 209.96 Flight-KCS Meeting Satterwhite 06/24/16 Angelas at the Crosswalk 17.53 Business Meal Steve&Jean Brown, Manson, Satterwhite, Greiner 06/27/16 La Joya 33.73 Business Meal Pam Burge, Sattrewhite TOTAL 1,127.12i I WEDC Assistant Director JPMorgan Chase Expense Report June 2016 DATE 1 VENDOR PURPOSE I AMOUNT 6/7/16 Buffalo Wild Wings IEDC Meal -Greiner 18.17 6/8/16 Daily Grill IEDC Meal-Greiner 22.67 6/8/16 Daily Grill IEDC Meal-Greiner 23.48 6/9/16 Daily Grill IEDC Meal -Greiner 22.67 6/10/16 Daily Grill IEDC Meal -Greiner 18.14 6/10/16 Hyatt Regency Tulsa IEDC Hotel -Greiner 425.70 6/12/16 Daily Grill IEDC Meal-Greiner 38.23 6/13/16 Daily Grill IEDC Meal-Greiner 25.16 6/14/16 Albert G's BBQ IEDC Meal -Greiner 20.34 6/14/16 Hyatt Regency Tulsa IEDC Conf- Hotel -Greiner 294.80 6/14/16 Shell IEDC -Gas- Rental Car 32.48 6/14/16 Hertz Rental Car IEDC Rental Car-Greiner 245.49 6/22/16 SEDC Membership Dues 250.00 6/22/16 SEDC Conference Registration 500.00 Total 1,937.331 WEDC Senior Assistant JPMorgan Chase Expense Report June 2016 DATE VENDOR PURPOSE AMOUNT 6/5/16 Bisnow Conference Registration -Sam Satterwhite and Mitch Herzog 168.00 6/14/16 Jimmy Johns Business Meeting - Kreymer and Satterwhite 23.97 6/16/16 Kroger Board Meeting Meal 9.66 6/17/16 McDonalds Board Meeting Meal 8.76 6/21/16 ICSC Membership Renewal -Sam Satterwhite 100.00 6/22/16 Walmart Kitchen Supplies 17.94 6/23/16 Walmart Office Supplies- Index Tabs (ICAN Books) 6.82 6/28/16 Best Buy Replacement Router for Office 69.99 6/28/16 Amazon Router Cable Adapter 16.68 6/30/16 Best Buy Return - Router for Office -69.99 ..... ...._ 6/30/16 Amazon Return - Router Cable Adapter -6.20 (Total 345.63 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF AUGUST 2016 MONTH WEDC WEDC WEDC DIFF % DIFF 2014 2015 2016 15 VS 16 15 VS 16 DECEMBER $134,371 $154,719 $166,418 $11,700 7.56% JANUARY 128,968 156,685 163,463 6,778 4.33% FEBRUARY 213,877 241,858 260,166 18,309 7.57% MARCH 121,483 171,741 167,082 -4,659 -2.71% APRIL 124,866 134,475 154,920 20,445 15.20% MAY 200,476 211,645 238,646 27,002 12.76% J U N E 145,137 161,426 180,194 18,768 11.63% JULY 149,537 159,973 212,620 52,646 32.91% AUGUST 193,751 216,962 268,976 52,014 23.97% SEPTEMBER 154,328 195,347 OCTOBER 152,545 160,876 NOVEMBER 213,292 226,078 Sub-Total $1,932,632 $2,191,785 $1,812,486 $203,002 12.61% AUDIT ADJ TOTAL $1,932,632 $2,191,785 $1,812,486 $203,002 12.61% WEDC SALES TAX ANALYSIS $300,000 $250,000 $200,000 :::::: , p2015 R01fi - - L.. . 50 000 1 .1 a m m fO ii Q a) t m a LL ca. O Z a, .rrr 4 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director 07 SUBJECT: 605 Commerce DATE: August 17, 2016 Issue Consider and act upon issues surrounding repairs to WEDC property located at 605 Commerce Street. Analysis The roof at 605 Commerce was damaged from the March 2016 hail storm and the tarp installed by Blackman Mooring has failed. Regardless of whether the 1 acre upon which the 20,000 square foot building sits will be redeveloped in the near future or not, the tenants occupying 605 need almost immediate relief from a roof that has significant leaks throughout. Options for sealing the damaged roof include re-tarping, replacing the entire roof, installing a thermos-plastic membrane, or applying a metal seal roof repair system. Bids were solicited from Blackmon Mooring, LSR Commercial, Servpro, and Systems Roofing. Blackmon Mooring bid included re-tarping the building for $26,620 with no warranty, applying a 45 mil thermo-plastic membrane with a one-year warranty for $36,300, and replacing the entire roof system for $133,000. LSR Commercial bid to replace the entire roof with a 5-year warranty for $125,204. Servpro bid included replacing entire roof system with a 15-year warranty for $133,000, or applying a Universal Metal Seal Roof Repair Sealant with a 10-year warranty for $61,200. Systems Roofing bid to apply a 60 mil thermo-plastic membrane with a 15-year warranty for$128,560. Re-tarping or replacing the roof entirely do not appear to be good options because there is either no warranty or it is too expensive. Blackman Mooring has suggested applying a 45 mil thermo- plastic membrane for $36,300 but only a one-year warranty is provided. Servpro appears to have the best bid applying a metal sealant for $61,200 with a 10-year warranty provided. The sub- contractor doing the work(MRB Corporate Group) is currently repairing the roof at Sanden. The WEDC has proceeds from an insurance claim at 605 Commerce totaling $149,002 with an ACV of$101,122 and depreciation of$47,879. WEDC—605 Commerce August 17, 2016 Page 2 of 2 Recommendation Staff recommends that the WEDC Board of Directors authorize the Executive Director to contract with Servpro for roof maintenance at 605 Commerce in an amount not to exceed $61,200. Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Director(:- SUBJECT: Wylie Flower and Gift Shop DATE: August 19, 2016 Issue Consider and act upon a Performance Agreement between the WEDC and Wylie Flower and Gift Shop. Analysis Wylie Flower and Gift Shop initially came to the WEDC in an attempt to evaluate options surrounding the renovation of underperforming commercial space in downtown Wylie. Wylie Flower and Gift Shop owns both 131 N Ballard and 129 N Ballard totaling 5,950 square feet. Wylie Flower was formerly conducting business in the downstairs portion of 129 and 131 N Ballard. The upstairs portion of 131 N. Ballard was only used for storage. Following direction from the WEDC Board in Executive Session and an oral commitment by the WEDC staff for assistance, Wylie Flower and Gift Shop relocated all of their 131 N Ballard operations into 129 N Ballard. With 131 N Ballard now vacant, Wylie Flower has freed up lease space and already attracted a tenant. In addition to the renovation of the commercial space, two upstairs residential units totaling one thousand three hundred forty-five (1,345) square feet are being remodeled and marketed for lease. While total renovations exceed $300,000, performance measures will only be tied commercial remodeling costs equaling $84,000. The attached Agreement proposes a total maximum incentive of$24,000 which is broken down as follows: Incentive No. 1 ......... ......... ....... ....... ........ .......,.. ......... ..........$24,000 > Renovation of 3,125 sq ft at 131 N Ballard > Expenditures verified at $84,000 > Proof of Certificate of Occupancy&Building Life Safety Inspection ip WEDC—Wylie Flower and Gift Shop August 19,2016 Page 2 of 2 Should Wylie Flower and Gift Shop fail to meet the Performance Measures for Incentive No. 1, the entire Performance Agreement is voided in advance. Further, no partial incentive payments will be provided. Staff Recommendation Staff recommends that the WEDC Board of Directors approve a Performance Agreement between WEDC and Wylie Flower and Gift Shop providing for a maximum incentive of$24,000 and further authorizing the WEDC Executive Director to execute said Agreement. Attachments Performance Agreement PERFORMANCE AGREEMENT between WYLIE ECONOMIC DEVELOPMENT CORPORATION and WYLIE FLOWER AND GIFT SHOP This Performance Agreement (this "Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"), and Wylie Flower and Gift Shop, a sole proprietorship (the "Company"). RECITALS WHEREAS, the Company is desirous of making real and personal property improvements in the form of remodeling a 3,125 square foot building (the "Project"). The project will have an estimated cost of Eighty-two Thousand Dollars ($82,000) and will be located at 131 N Ballard Street in Wylie, Texas (the "Facility"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to offset the cost of the construction for the Project and other expenses associated with renovating the Facility in the City of Wylie, Texas; and WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of business properties within the City; and WHEREAS, for the public purpose of promoting economic development and diversity, increasing employment, reducing unemployment and underemployment, expanding commerce and stimulating business and commercial activities in the State of Texas, and the City of Wylie, the WEDC desires to offer economic assistance to Company as more particularly described in this Agreement. NOW, THEREFORE, for and in consideration of the promises, covenants and agreements set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and Company agree as follows: I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide the Company economic assistance in an amount up to, but not to exceed Twenty-Four Thousand Dollars ($24,000.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on December 1, 2016. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Page 1 of 4 Economic Development Incentive Payment Schedule: Expected Cost/Value of WEDC Total WEDC Eligibility p Year Incentive Improvements Incentive Incentive Expiration 2016 No. 1 $84,000 $24,000 $24,000 12-1-2016 II. Performance Requirements for Economic Development Incentive. Incentive No. 1: An Economic Development Incentive of Twenty-Four Thousand Dollars ($24,000.00) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1: 1. Receipt of documentation by WEDC supporting the renovation of the three thousand one hundred twenty-five (3,125) square foot commercial building as evidenced by a Certificate of Occupancy for commercial uses located at 131 N. Ballard and a Building Life Safety Inspection for mixed-use development at 131-A N. Ballard and 131-B N. Ballard, issued by the City of Wylie on or before December 1, 2016, approval of said documentation at the sole and absolute discretion of the WEDC; and 2. Receipt of documentation by WEDC supporting a minimum renovation cost for commercial lease space at 131 N. Ballard Eighty-two Thousand Dollars ($82,000) as evidenced by paid construction invoices supporting the minimum renovation costs and miscellaneous professional services, approval of said documentation at the sole and absolute discretion of the WEDC; and 3. Company is current on all ad valorem property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 4. Eligibility expiration for the Company to qualify for this Incentive No. 1 is December 1, 2016. III. WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement, the WEDC shall pay the Incentives within approximately five (5) days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met or exceeded by the Company. IV. Non-Attainment of Performance Requirements. In the event that the Company does not meet or exceed a Performance Requirement as specified in Section II, the WEDC Economic Development Incentive will be voided in advance of payment in addition to all future Economic Development Incentive payments being voided at the sole discretion of the WEDC. The Company will not be eligible to receive an Economic Development Incentive payment if documentation supporting Performance Requirements are not received by WEDC prior to the Eligibility Expiration Date. Company will be notified in writing in the event a Performance Requirement is not met and have thirty (30) days to cure said default. Page 2 of 4 V. Economic Assistance Termination. The Agreement may be terminated by mutual agreement of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in Section II above. Regardless of the Company's level of attainment of the Performance Requirements set forth in Section II above, the WEDC's obligation to pay the Reimbursement Incentive will expire in full on December 1, 2016. VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a condition to any advance in the Agreement, WEDC requests that the Company satisfies its need for all construction contractors from Wylie residents and purchase all materials, supplies and services necessary to affect the Project and subsequent occupancy of the Facility from Wylie merchants and businesses. VII. Community Involvement. Although not an event of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Wylie, Texas, and to actively encourage its employees to be involved in such organizations and/or activities. VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary Company's records, documents, agreements and other instruments in furtherance of the following purposes: (i) to ensure the Company's compliance with the affirmative covenants set forth in this Agreement; (ii) to determine the existence of an Event of Default under the terms of this Agreement; (iii)to ensure compliance with any other terms and conditions set forth herein or any related documents. Company will provide reports certifying the status of compliance,jobs retained, new investments and any other relevant information until the termination of this Agreement IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to disburse WEDC Economic Development Incentives if the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged bankrupt, or is delinquent on any property tax payments or an Event of Default under the terms of this Agreement occurs. X. Non-Payment of Economic Assistance. The following will constitute an Event of Default and any advance shall not be forgiven in an Event of Default: the Company becomes insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay ad valorem taxes, or files suit against the City and/or the WEDC. XL Miscellaneous. a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable by Company without the prior written consent of the WEDC, which consent may be withheld by the WEDC in its sole and absolute discretion. b. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with article 5190.6, article 5190.6 shall prevail. Page 3 of 4 c. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all of the parties hereto. d. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, Texas 75098 COMPANY: Wylie Flower and Gift Shop 129 N Ballard Wylie, TX 75098 Attention: Pam Wells By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated, that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. EXECUTED this day of August, 2016. WEDC: Wylie Economic Development Corporation By: Samuel D.R. Satterwhite,Executive Director COMPANY: Wylie Flower and Gift Shop By: Pam Wells, Owner Page 4 of 4 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director; SUBJECT: McClure Partners DATE: August 17, 2016 Issue Consider and act upon a Performance Agreement between the WEDC and McClure Partners Development Company, LLC. Analysis Mr. Charles McClure has approached the WEDC and requested additional assistance in recruiting a business to the Wylie community via a build-to-suit opportunity on a property in need of redevelopment. Mr. McClure has under contract two properties (1.9 acres) owned by Ronald & Patricia Williford. As shown on the attached aerials the properties are just off the hard corner of F.M. 544 and Regency Drive. With approximately 6,000 square feet of improvements (4 structures), approximately 3,000 square feet of additional paving, and a significant number of dilapidated vehicles as further shown on the attached aerials,the Project calls for complete clean- up of the site by year end and construction of no less than a 6,000 square foot commercial building. Following purchase of the site by McClure which is required to close under the Agreement by October 1, 2016, complete demolition and removal of all improvements and debris must take place by December 31, 2016. Completion of these performance measures will result in a $25,000 incentive payment from the WEDC. An additional incentive payment of$50,000 will be funded following the construction of at least a 6,000 square foot commercial building with construction costs equaling no less than $1.35 mm which also must have a certificate of occupancy no later than September 30, 2017. In review, the WEDC previously entered into a Performance Agreement with FLM Development, LLC (an affiliate of McClure Partners Development Company, LLC) for the redevelopment of a 3.8-acre tract which included demolition of 2 metal structures, the removal of a billboard, constructing storm sewer improvements in Regency Drive for the additional benefit of surrounding properties, and reconstructing the median in F.M. 544 to provide north and south bound turn bays. As shown on the attached site plan, three pad sites have been created from the previous project with FLM and significantly enhanced redevelopment options on the adjacent Williford tract. The WEDC will be funding an incentive payment of$76,673 in the near future for the FLM project. WEDC McClure Partners August 17, 2016 Page 2 of 2 Recommendation Staff recommends that the WEDC Board of Directors approve a Performance Agreement between the WEDC and McClure Partners Development Company,LLC. Attachment Aerials Site Plan PERFORMANCE AGREEMENT Between WYLIE ECONOMIC DEVELOPMENT CORPORATION And MCCLURE PARTNERS DEVELOPMENT COMPANY, LLC This Performance Agreement (this "Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"), and McClure Partners Development Company, LLC a Texas Limited Liability Corporation(the "Company"). RECITALS WHEREAS, the WEDC and Company's affiliate FLM Development, LLC entered into a Performance Agreement on April 6, 2016 under which Company's affiliate is eligible to receive certain incentives should specific utility, median, and other improvements be completed for the benefit of redeveloping a±3.8-acre tract located at the intersection of Regency Drive and F.M. 544 in Wylie, Texas; and WHEREAS, the Company is desirous of acquiring a 1.0 acre tract and a 0.9 acre tract from Ronald & Patricia Williford, more specifically identified as Abstract A0835 W M Sachse Survey, Tract 26 and Jacobs Addition, Block B, Lot 2 (the "Williford Tracts") and combining the same with the aforementioned 3.8-acre tract to redevelop and repurpose a property with existing light industrial uses, marketing the same for new commercial uses, constructing improvements supporting new commercial uses, and further making access and utility improvements to the property required for a well-ordered, master-planned site (the "Project"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to offset the cost of demolition and infrastructure improvements to the Project in the City of Wylie, Texas; and WHEREAS, the construction of the Project in the City of Wylie, Texas will ultimately create further investment and "primary jobs", as that term is defined in the Act; and WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of business properties within the City; and WHEREAS, for the public purpose of promoting economic development and diversity, increasing employment, reducing unemployment and underemployment, expanding commerce and stimulating business and commercial activities in the State of Texas, and the City of Wylie, the WEDC desires to offer economic assistance to Company as more particularly described in this Agreement. NOW, THEREFORE, for and in consideration of the promises, covenants and agreements set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and Company agree as follows: Page 1 of 5 C:\Users\Sam Satterwhite\Documents\Word Files\McClure Partners\Performacne Agreement II.doc Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide the Company economic assistance in an amount up to, but not to exceed Seventy-Five Thousand Dollars ($75,000) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives ultimately terminating on September 30, 2017. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Payment Schedule: Expected Cost of Max. WEDC Total WEDC Eligibility Year Incentive im rovements Incentive Incentive Expiration 2016 No. 1 ru"a $25,000 $25,000 12-31-2016 2017 No. 2 $1,350,000 $50,000 $75,000 9-30-2017 II. Performance Re uirements for Economic Develo ment incentive. a. Incentive No. 1: An Economic Development Incentive of Twenty-Five Thousand Dollars ($25,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1: 1) Receipt of documentation by WEDC supporting the purchase of the Williford Tracts, not later than October 1, 2016; and 2) Complete demolition and removal of all improvements, foundations, and paving associated with approximately 6,000 square feet of structures and 3,000 square feet of paving currently located on the Williford Tracts, not later than December 31, 2016; and 3) Remove all debris, vehicles, and remaining inventory from current or previously existing businesses located on the Williford Tracts, not later than December 31, 2016; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 1 is December 31, 2016. b. Incentive No. 2: An Economic Incentive of Fifty Thousand Dollars ($50,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 2: 1) Complete construction of not less than one, six thousand (6,000) square foot commercial structure on the Williford Tracts as evidence by a Certificate of Occupancy issued by the City of Wylie not later than September 30, 2017; and Page 2 of 5 C:\Users\Sam Satterwhite\Documents\Word Files\McClure Partners\Performacne Agreement Il.doc 2) Provide the WEDC with documentation supporting construction cost of not less than One Million Three Hundred Fifty Thousand Dollars ($1,350,000) for improvements described in Section II b (1). Fees for professional services such as architectural, engineering, and surveying will not be applied toward the minimum cost requirement; and 3) Eligibility expiration for the Company to qualify for this Incentive No. 2 is September 30, 2017. IIL WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement, the WEDC shall pay the Reimbursement Incentives within thirty (30) days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met or exceeded by the Company. IV. Non-Attainment of Performance Requirements. In the event that the Company does not meet or exceed a Performance Requirement as specified in Section II, the WEDC Economic Development Incentive will be voided in advance of payment at the sole discretion of the WEDC. The Company will not be eligible to receive an Economic Development Incentive payment if documentation supporting Performance Requirements are not received by WEDC prior to the Eligibility Expiration Date. V. Economic Assistance Termination. The Agreement may be terminated by mutual agreement of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in Section II above. Regardless of the Company's level of attainment of the Performance Requirements set forth in Section II above, the WEDC's obligation to pay the Reimbursement Incentive will expire in full on September 30, 2017. VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a condition to any advance in the Agreement, WEDC requests that the Company satisfies its need for all construction contractors from Wylie residents and purchase all materials, supplies and services necessary to affect the Project and subsequent occupancy of the Facility from Wylie merchants and businesses. VII. Community Involvement. Although not an event of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Wylie, Texas, and to actively encourage its employees to be involved in such organizations and/or activities. VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary Company's records, documents, agreements and other instruments in furtherance of the following purposes: (i) to ensure the Company's compliance with the affirmative covenants set forth in this Agreement; (ii) to determine the existence of an Event of Default under the terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set forth herein or any related documents. Company will provide reports certifying the status of compliance, jobs retained, new investments and any other relevant information until the termination of this Agreement. Page 3 of 5 C:\Users\Sam Satterwhite\Documents\Word Files\McClure Partners\Performacne Agreement Il.doc IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to disburse WEDC Economic Development Incentives if the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged bankrupt, or is delinquent on any property tax payments or an Event of Default under the terms of this Agreement occurs. X. Non-Payment of Economic Assistance. The following will constitute an Event of Default and any incentive payments shall not be funded in an Event of Default: the Company becomes insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay ad valorem taxes, files suit against the City and/or the WEDC. XI. Miscellaneous. a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable by Company without the prior written consent of the WEDC, which consent may be withheld by the WEDC in its sole and absolute discretion. b. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with article 5190.6, article 5190.6 shall prevail. c. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all of the parties hereto. d. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 S. Highway 78 Wylie, Texas 75098 COMPANY: McClure Partners Development Company, LLC P.O. Box 802047 Dallas, TX 75380 Attention: Charles McClure By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated, that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. Page 4 of 5 C:\Users\Sam Satterwhite\Documents\Word Files\McClure Partners\Performacne Agreement II.doc EXECUTED this _day of August,2016. W E,DC Wylie Economic Development Corporation By: Samuel D.R. Satterwhite, Executive Director COMPANY: McClure Partners Development Company,LLC By: Charles McClure,Member Page 5 of 5 C:\Users\Sam Satterwhite\Documents\Word Files\McClure Partners\Performacne Agreement 1I.doe n '� ti, 9II," I,w6l,«l,,�u'i„I,uI,,MttuuI,IrI „,1 dI„d�1l„l''„�dI,uilIy„pJlI�II N 6u„lI,'�l II'1I" 'I,11I4"�i1I, uIIl„ I1�1fl'II,1�'qh!1„I,'IWI I6,„ 1II„ 4J'V,II'lI, 11„Iuo , IMa , I,Il II„ IMh�IIp' IO,I„ ,rI,II'i�IHflu/'d,I „l,a II� lII'I� '1/l II w��,� ilfll l l 1I l J➢1fi ' uw '' , 10 ' I ,„, ,j Gr 9Q ,li,lll'"'"'�w„y0",M0II'�u,l MIIw� p/ f I q',,j6 rpl'„lo„ug,i 11 m a " , T,,„„Mn„��i �.. "t/ 1'7oi CI a � %'w,1 „ „ , „ „ ri'N"7w° 6m« „;„ ,, h,1,1li,l , I. 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Dales TX 75380 TX tdeoltrffibon 04 F 12209 CITY OF WY UE,TEXAS 400 4116001114, Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive D rector,4 SUBJECT: Staff Report DATE: August 15, 2016 Issue Staff report: review issues surrounding WEDC Performance Agreements, 605 Commerce, demolition of WEDC properties, insurance claims on WEDC properties, WEDC/City of Wylie Regional Marketing Campaign, ICSC Expenses, Woodbridge Crossing/InvenTrust, and regional housing starts. Analysis As a reminder to Board members, the Board may not discuss an item which is not specifically identified on the agenda. Only those items listed above can be discussed. Should any Board member want an issue be placed on the agenda at any time prior to a Board meeting,please contact the WEDC President or staff. WEDC Performance Agreement Summary Attached for the Board's review is a summary of all outstanding Performance Agreements including: Ascend Custom Extrusion, All State Fire Equipment, B&B Theatres Operating Company, Clark Street Development,Dank Real Estate,Exco Extrusion Dies,FLM Development, Freudiger Holdings, Getset, KREA Acquisition, Patna Properties, VIAA Properties, Von Runnen Holdings, Woodbridge Crossing and the Wedge Corporation. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through June 2016 within Woodbridge Crossing for the City General Fund, the WEDC,and the 4B. As a reminder,the City and WEDC reimbursed 85%of all sales tax generated within Woodbridge Crossing through September 2013 with the reimbursement percentage reduced to 65%thereafter. Due to the default under the Amended and Restated Performance Agreement, Woodbridge Crossing is only eligible to receive up to $6 million in sales tax reimbursement through September 2021 as opposed to the maximum reimbursement of$12 million originally contemplated. WEDC- Staff Report August 15, 2016 Page 2 of 3 $3,617,285 in reimbursement has been earned through June 2016 with net receipts of $2,723,657.84 after reimbursements. As well, it is estimated that $3.5 mm has been paid in ad valorem taxes to the City of Wylie(excluding the WISD). As shown on the Sales Tax Reimbursement Report, $100,410.40 was generated in sales tax in April 2016 versus$94,313.63 in April 2015. This represents a 6.46%increase over 2015 receipts. 605 Commerce Attached for the Board's review is a spreadsheet tracking all activities with W&M Environmental for FY 2014-15 and FY 2015-16. W&M has prepared Phase I&II reports for Mann Made,K&M, Business Way, is processing the VCP application for the Commerce property, and processing the Municipal Setting Designation through the City. As the Board will recall the MSD process was put in place by the Wylie City Council to facilitate redevelopment of environmentally damaged properties such as the Commerce building. The MSD application for Commerce was submitted to the City and ready to be processed, but staff recalled the application recently to allow for other properties in the area to potentially be including within this application. A new application will be submitted as the WEDC determines the future direction of surrounding properties. Demolition of WEDC Properties Demolition of Industrial Court properties continues to progress. Rough grading will take place within the next 2 weeks. Insurance Claims on WEDC Properties City staff is preparing a recommendation to the Wylie City Council and the WEDC Board as to whether to continue to utilize the Bart Peddicord Center. Repairs are estimated at $105,884.32 which includes an Actual Cash Value of $61,923.98, Depreciation of $21,330.69, and code upgrades of $22,629.65. Staff anticipates that City staff will receive input from Council in September or October at the latest and then make a final recommendation to the WEDC Board of Directors as to the future use of the Peddicord Center. WEDC/City of Wylie Regional Marketing Campaign The City of Wylie PIO is continuing to develop options for a Regional Marketing Campaign which is proposed to be rolled out in the 4th quarter of 2016. As a reminder,the framework or philosophy that has been presented to the PIO is to improve upon and expand upon promoting Wylie quality of life advertising which is already taking place,while accentuating business development options at the same time. For example, if there is an existing emphasis on the promotion of Blue Grass on Ballard, added dollars from the WEDC/City regional campaign could be used to expand the reach of the same advertising program not only promoting Wylie as a whole but also bringing in dollars from outside the community for the special event. Further, the program will not specifically promote `restaurant development in Wylie' but more so emphasize a young population, housing growth, with high disposable incomes—the qualities that restaurants are looking for. WEDC- Staff Report August 15, 2016 Page 3 of 3 ICSC Expenses Staff wants the Board to be aware that an anonymous Facebook post was place online on 8-15-16 claiming that six WEDC representatives had an $1,120 meal at Capitol Grill in Las Vegas, expended an additional $350 on drinks, and that the Mayor had flown first class to the ICSC conference for$1,597. Ms.Manson utilized a City Facebook page to let the public know that there were eleven people at the dinner which totaled$1,120 and that the WEDC paid for$350. Further it was noted that no alcohol was paid for by the WEDC and that the Mayor's $1,597 Expedia receipt was airfare, four nights hotel and not first class. The post was taken down off Facebook later that same day. La Quinta Inn &Suites La Quinta will go vertical the week of August 22nd and take 6 months to complete from that point forward. The WEDC Performance Agreement with KREA Acquisitions, LLC requires a certificate of occupancy no later than March 31, 2017. Woodbridge Crossing/InvenTrust InvenTrust had indicated at ICSC that a 10,000 square foot lease space was to be built adjacent to and east of Cotton Patch. InvenTrust confirmed the same at a meeting recently and indicated that the requirement for space to be 100% leased prior to construction will be suspended due to the strength of the Wylie market. A national restaurant has already committed to take 4,000 square feet on the end cap. Regional Housing Starts Thirty-four homes were permitted in Wylie for the month of July 2016. Sachse, Lavon, Murphy permitted a combined twenty-five homes with Inspiration permitting forty homes over the same period. No action is requested by staff for this item. Attachments Performance Agreement Summary Environmental Tracking Report Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes Ascend Custom Extrusion A. CO on 21,000 sf expansion; documentation of minimum cost of$1,000,000 2/1/2014 $49,871 Paid B. Documentation of 3rd extrusion press w/ purchase price of$4,500,000 2/1/2015 $24,000 Paid C. Documentation of 3rd extrusion press w/ purchase price of$4,500,000 2/1/2016 $24,000 Paid D. Documentation of 3rd extrusion press w/ purchase price of$4,500,000 2/1/2017 $24,000 All State Fire Equipment A. CO 9,300 sf office/warehouse; construction documents for$788,000 4/15/2016 $20,000 Paid B. Valuation of$1,100,000 8/1/2017 $20,000 C. Valuation of$900,000 8/1/2018 $20,000 B&B Theatres Phase I-CO 56,000 sf, 12 screen theater; documentation of$600,000; documentation of total expend.for land, improvements and personal property of$10,000,000. 12/31/2013 $100,000 Paid Cumulative valuation amended to $7,300,000 12/31/2015 $25,000 Paid 12/31/2016 $25,000 12/31/2017 $25,000 12/31/2018 $25,000 Total Incentive not to B&B Theatres Sales Tax Reimb. Clrtly Sales Tax Reimbursement equal to .005 12-18 Annually exceed$600,000 CSD Woodbridge Phase I -Acquire property for 110,000 sf Kroger by 7/31/2016; CO by 3/31/2014 3/31/2014, $100,000 Paid Phase II-CO for 120,600 sf retail space Sales tax (completed) 3/31/2014 reimburse quarterly Phase III-CO for 127,600 sf retail space Sales tax (completed) 3/31/2017 reimburse quarterly Phase IV-CO for 134,600 sf retail space Sales tax Cumulative incentive not (completed) 3/31/2019 reimburse to exceed $1.1 mm Outstanding Performance Agreement Summary A. CO on 5,300 sf building, documentation of Dank Real Estate(Deanan Popcorn) $600,000 construction cost 2/1/2015 $15,000 Paid B. Documentation of$1,150,000 property value 2/1/2016 $7,500 Paid C. Documentation of$1,150,000 property value 2/1/2017 $7,500 Exco Extrusion Dies(Texas), Inc. A. CO on 30,000 sf building 1/31/2016 $87,000 Paid B. On an annual basis maintain appraised value of $7.55 mm, maintain Texas as principal place of business, employ 20 full time employees 1/31/2017 $20,000 1/31/2018 $20,000 1/31/2019 $20,000 1/31/2020 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of $70,000 2017-2021 $350,000 FLM Development, Inc. Simultaneously purchase WEDC, Goldenberg and Jacobs Lots, plat 3 lots, receive TxDOT permit, Sold Ferrell Property for remove all improvements 8/31/2016 n/a $250,000 Complete Median Improvements 11/1/2016 $37,500 Complete Drainage Improvements 11/1/2016 $39,173 Freudiger Holdings, LLC CO and Documentation supporting 5,500 sf office space and 1,800 warehouse space at a cost of $250,000 5/1/2016 $15,000 Paid Form 941 evidencig a mimimum of 75 employees employed not less than 90 days prior to CO. 5/1/2016 $25,000 Paid 10 Full time Employees,over and above the base Employment evidenced by Form 941. 5/1/2017 $30,000 Outstanding Performance Agreement Summary Get Set, Inc. CO for 6,700 sf building and documentation of $575,000 in construction cost. 5/1/2015 $15,000 Paid Appraised Value of$1,175,000 2/28/2017 $10,000 Appraised Value of$1,175,000 2/28/2018 $10,000 KREA Acquisition, LLC A. Acquire property by 9/1/15; CO for La Quinta Inn &Suites by 3/31/17; confirm $600,000 in construction costs 3/31/2017 $100,000 B. Quarterly incentive payment equal to Occupancy Tax paid to City of Wylie (start date 6 months from CO and ending 7 years from 1st Not to exceed $600,000 payment) 9/31/18 total incentive Patna Properties, Inc. A. CO for 4,283 sf building; documentation of $700,000 in construction costs 10/1/2016 $20,000 B. Appraised Value of$707,000 10/1/2017 $10,000 VIAA Properties, LLC A. CO for 6,094 sf building; documentation $1,200,000 in construction costs 2/28/2016 $30,000 Paid B. Appraised Value of 1,000,000 2/28/2017 $20,000 Von Runnen Holdings A. CO for 12,047 sf building; documentation of $1,250,000 in construction costs. 1/1/2016 $20,000 Paid B. Appraised Value of$1,000,000 1/31/2017 $10,000 C. Appraised Value of$1,000,000 1/31/2018 $10,000 Woodbridge Crossing 65%sales tax reimb 2009- Phase I. CO for Initial Phase including a Super 2013; 85%sales tax reimb Target by 8/1/09. 8/1/2009 2013-2021 No further performance requirements. Default declared reducing maximum incentive from$12 Reimbursement mm to$6 mm. 2021 spreadsheet attached 1Wedge Corporation A. Documentation of executed Ground Lease, Building Permit; 1/31/2014 $137,500 Loan Advance #1 Outstanding Performance Agreement Summary B. CO for"The Rock" 12/31/2014 $137,500 Loan Advance #2 C. Evidence of Continuous Operation 12/31/2015 $91,666 Loan Advance Forgiven D. Evidence of Continuous Operation 12/31/2016 $91,666 E. Evidence of Continuous Operation 12/31/2017 $91,666 W M Environmental Program Tracking Invoiced Date Descr.of Work Proj.Total 605 Commerce Project Total: 80,780.77 Phase II 4,138.75 2/28/15 Completed Labor: Laura Foss;James Maxwell; Clay Snider; Michael Whitehead Contracted Amt:$11,500 1,967.65 2/28/15 Laboratory ($69.96 over budget) 4,878.30 2/28/15 Drilling 124.12 2/28/15 Misc. Supplies 151.25 2/28/15 j W&M Equipment 250.00 2/28/15 Vehicle Usage P-2 12.39 8/18/15 Postage 47.50 8/31/15 Labor: Mark Smith Total 11,569.96, VCP(Vol. Cleanup Prog) 10,324.00 6/23/15 Labor: Frank Clark; Laura Foss; Hichael Henn,James Maxwell; Paul Rodusky; Mark Smith; Clay Snider; William Soderstrom; Ross Tucker; Michael Whitehead Contracted Amt: $38,000 3,325.80 6/23/15 Laboratory ($163.10 Over Budget) 1,150.00 6/23/15 Supplies/Permits 690.00 6/23/15 Other Sub-contractors 4.90 6/23/15 Misc.Supplies 1,175.75 7/14/15 Labor: Frank Clark,; Clay Snider; Michael Whitehead 2,632.35 7/14/15 Drilling 9.38 7/14/15 Postage/Shipping/Delivery 32.62 7/14/15 Misc. Supplies 13.23, 7/14/15 Mileage 187.50 7/14/15 Vehicle Usage P-2 361.75 7/14/15 W&M Equipment 1,425.00 8/18/15 Labor: Shan Ahmad;James Maxwell; Clay Snider 517.50 8/18/15 Laboratory 3,041.75 8/18/15 Drilling 925.75 8/18/15 Other Sub-contractors 11.16 8/18/15 Misc. Supplies 64.63 8/18/15 W&M Equipment 125.00 8/18/15 Vehicle Usage P-2 1,066.25 8/31/15 Labor: James Maxwell; Clay Snider; Michael Whitehead W M Environmental Program Tracking 893.55 8/31/15 Laboratory 521.25 9/30/15 Labor: Shan Ahmad; Mark Smith; Clay Snider 287.50 10/31/15 Labor: Clay Snider 402.50 12/15/15 Labor: Clay Snider 631.25 12/31/15 Labor: Clay Snider, Michael Whitehead 143.75 12/31/15 Other Sub-contractors 843.75 1/31/16 Labor: Michael Henn, Mark Smith, Clay Snider 1,612.50. 2/29/16 Labor: Shan Ahmad,Clay Snider 1,010.85 2/29/16 Laboratory 8.24 2/29/16 Misc. Supplies 396.14 2/29/16 Vehicles/ Equipment 983.75 3/31/16 Labor: Michael Henn,Jeremiah Roy, Clay Snider 142.50 4/30/16 Labor: Jeremiah Roy, Clay Snider Labor: Shan Ahmed,James Maxwell,Antonia Pacholczuk, Paul 3,201.25 6/30/16 Rodusky,Jeremiah Roy, Michael Whitehead, Ross Zapalac 38,163.10 APAR(Affected Property Assessment Report 805.00 7/14/15 Labor: Clay Snider Completed 87.50 8/18/15 Labor: Michael Henn Contracted Amt: $10,000 2,676.25 8/31/15 Labor: Laura Foss; Michael Henn; Clay Snider ($1,431.04 over budget) 11.73 8/31/15 Misc.Supplies 398.50 8/31/15 Vehicle usage P-2; W&M Equipment 2,880.00 9/30/15 Labor: Shan Ahmad;Jmes Maxwell;Antonia Pacholczuk; Clay Snider; Michael Whitehead. 536.00 10/31/15 Labor: Clay Snider; Frank Clark 38.56 10/31/15 Subcontractors: Postage &Shipping 230.00 12/15/15 Labor: Clay Snider 115.00 12/31/15 Labor: Clay Snider 3,107.50 1/31/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay Snider 350.00 4/30/16 Labor: Jeremiah Roy 195.00 5/31/16 Labor: Shan Ahmad,Clay Snider Total 11,431.04 W M Environmental Program Tracking MSD(Municipal Setting Designation) 393.75 7/14/15 Labor: Michael Henn 384.00 8/18/15 Labor- Frank Clark, Michael Henn Contracted Amt: $20,500 1,336.23 8/18/15 Aerials/Maps/Photos 195.75 8/31/15 Labor: Frank Clark, Michael Henn 1,020.00 9/30/15 Labor: Laura Foss 2,241.25 10/31/15 Labor: Frank Clark, Michael Henn; Michael Whitehead 87.50 12/15/15 Labor: Michael Henn 1,476.25 12/31/15 Labor: Frank Clark, Holly Stockton, Michael Whitehead 28.44 12/31/15 Mileage 837.50 1/31/16 Frank Clark, Michael Henn 4,292.50 2/29/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay Snider 97.75 2/29/16 Meals 1,873.75 3/31/16 Labor: Shan Ahmad, Frank Clark,Jeremiah Roy, Clay Snider, Michael Whitehead Labor: Frank Clark, Michael Henn,Jeremiah Roy, Mark Smith, Clay 1,495.00 4/30/16 Snider, Michael Whitehead 221.25 5/31/16 Labor: Janes Maswell,Clay Snider Total 15,980.92 Indoor Air Sampling Contract: $3,300 470.00 4/30/16 Labor: Mark Smith, Clay Snider 'Completed ($335.75 Over budget) 90.00 5/31/16 Labor: Clay Snider 1,603.75 6/30/16 Labor: Michael Henn, Clay Snider 1,472.00 6/30/16 Other Sub-Contactors: Laboratory Total: 3,635.75 _ 106 N. Birmingham Project Total: 7,800.00 Phase I-- Contract: 2,800 2,800.00 6/11/15 Completed Total 2,800.00 Ltd Phase II -Contract: 5,000 5,000.00 7/31/15 Completed Total 5,000.00 398 S. Highway 78 I Project Total: 14,297.97 Phase I -Contract$2,700 2,700.00 9/30/15 Completed Total: 2,700.00 W M Environmental Program Tracking Ltd Phase II Contract$3,800 3,800.00 Completed Total: 3,800.00 ;id'l Phase II -Contract$7,900 1,818.50 9/30/15 Labor: Frank Clark, Michael Henn,James Maxwell, Clay Snider 1,845.75 9/30/15 Drilling 747.50 9/30/15 Other Subcontractors 26.46 9/30/15 Mileage Labor: Shan Ahmad,Janes Maxwell, Paul Rodusky, Clay Snider, 1,851.25 11/13/15 Michael Whitehead 1,508.51 11/13/15 Subcontractors: Laboratory and Other 7,797.97 710 Business Way Project Total: 2,600.00 Phase I ESA-Contract$2,600 2,600.00 11/2/15 Completed 2,600.00 111 N. Ballard Project Total: 10,261.61 Phase 1-Contract $2,500 2,500.00 2,500.00 Phase II -Contract$8,400 Labor: Shan Ahmad, Michael Henn, Clay Snider and Michael 3,261.25 4/30/16 Whitehead 4,227.40 4/30/16 Consultants: Laboratory$1,070.65, Drilling$2,236.75, Other$920.00 4.58 4/30/16 Misc.Supplies 268.38 4/30/16 Unit Billing: Vehicle Usage: $125.00, W&M Equipment$143.38 7,761.61 Spent Contracted Total W&M Expenditures: 115,740.35 $119,000 Woodbridge Crossing Sales Tax Reimbursement Report Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie(1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99 Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01 Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81 Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81 Jan-10 Mar-10 16,017.96 8,008.98 8,008.98 32,035.92 0.85 6,807.63 13,615.27 20,422.90 Feb-10 Apr-10 18,392.59 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55 Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13 Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58 Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19 May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01 Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87 Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07 Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31 Aug-10 Oct-10 20,401.73 10,200.87 10,200.87 40,803.46 0.85 8,670.74 17,341.47 26,012.21 Sep-10 Nov-10 22,301.22 11,150.61 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05 Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57 Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24 Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23 Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87 Audit Adjust. Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78 Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12 Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54 Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90 Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44 Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88 Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02 Woodbridge Crossing Sales Tax Reimbursement Report Page 2 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62 Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87,278.22 0.85 18,546.62 37,093.24 55,639.87 Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51 Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95 Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69 Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21 Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85 Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 0.85 13,473.21 26,946.42 40,419.64 Nov-11 Jan-12 40,631.94 20,315.97 20,315.97 81,263.88 0.85 17,268.57 34,537.15 51,805.72 Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04 Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40 Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12 Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05 Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53.822.53 Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70 Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85 May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00 Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44 Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29 Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53 Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39 Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22 Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14 Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91 Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47 Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96 Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35 Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59 Woodbridge Crossing Sales Tax Reimbursement Report Page 3 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement ... ................... Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96 Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72 Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27 Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73 May-13 Jul-13 35,623.93 17,811.97 17,811.97 71,247.86 0.85 15,140.17 30,280.34 45,420.51 Jun-13 Aug-13 44,805.27 22,402.63 22,402.63 89,610.53 0.85 19,042.24 38,084.48 57,126.71 Sub-Total 224,759.15 47,761.32 95,522.64 143,283.96 Jul-13 Sep-13 30,171.94 15,085.97 15,085.97 60,343.87 0.85 12,823.07 25,646.14 38,469.22 Aug-13 Oct-13 31,615.59 15,807.80 15,807.80 63,231.18 0.85 13,436.63 26,873.25 40,309.88 Sep-13 Nov-13 34,215.75 17,107.88 17,107.88 68,431.50 0.85 14,541.69 29,083.39 43,625.08 Sub-Total 192,006.55 40,801.39 81,602.78 122,404.18 Oct-13 Dec-13 30,192.68 15,096.34 15,096.34 60,385.36 0.65 9,812.62 19,625.24 29,437.86 Nov-13 Jan-14 40,059.94 20,029.97 20,029.97 80,119.87 0.65 13,019.48 26,038.96 39,058.44 Dec-13 Feb-14 60,106.82 30,053.41 30,053.41 120,213.63 0.65 19,534.71 39,069.43 58,604.14 Sub-Total 260,718.86 42,366.81 84,733.63 127,100.44 Jan-14 Mar-14 34,887.18 17,443.59 17,443.59 69,774.35 0.65 11,338.33 22,676.66 34,015.00 Feb-14 Apr-14 39,550.17 19,775.09 19,775.09 79,100.34 0.65 12,853.81 25,707.61 38,561.42 Mar-14 "May-14 50,095.00 25,047.50 25,047.50 100,190.00 0.65 16,280.88 32,561.75 48,842.63 Sub-Total 249,064.69 40,473.01 80,946.02 121,419.04 Apr-14 Jun-14 42,836.52 21,418.26 21,418.26 85,673.03 0.65 13,921.87 27,843.73 41,765.60 May-14 Jul-14 44,483.44 22,241.72 22,241.72 88,966.88 0.65 14,457.12 28,914.24 43,371.35 Jun-14 Aug-14 54,191.06 27,095.53 27,095.53 108,382.12 0.65 17,612.09 35,224.19 52,836.28 Sub-Total 283,022.03 45,991.08 91,982.16 137,973.24 Jul-14 Sep-14 41,601.13 20,800.56 20,800.56 83,202.25 0.65 13,520.37 27,040.73 40,561.10 Aug-14 Oct-14 46,838.76 23,419.38 23,419.38 93,677.52 0.65 15,222.60 30,445.19 45,667.79 Sep-14 Nov-14 58,574.10 29,287.05 29,287.05 117,148.19 0.65 19,036.58 38,073.16 57,109.74 Sub-Total 294,027.96 47,779.54 95,559.09 143,338.63 Oct-14 Dec-14 46,397.97 23,198.98 23,198.98 92,795.93 0.65 15,079.34 30,158.68 45,238.02 Woodbridge Crossing Sales Tax Reimbursement Report Page 4 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Nov-14 Jan-15 62,438.87 31,219.43 31,219.43 124,877.73 0.65 20,292.63 40,585.26 60,877.89 Dec-14 Feb-15 93,019.09 46,509.54 46,509.54 186,038.17 0.65 30,231.20 60,462.41 90,693.61 Sub-Total 403,711.83 65,603.17 131,206.34 196,809.52 Jan-15 Mar-15 42,919.35 21,459.67 21,459.67 85,838.69 0.65 13,948.79 27,897.57 41,846.36 Feb-15 Apr-15 44,299.71 22,149.86 22,149.86 88,599.42 0.65 14,397.41 28,794.81 43,192.22 Mar-15 May-15 61,991.88 30,995.94 30,995.94 123,983.76 0.65 20,147.36 40,294.72 60,442.08 Sub-Total 298,421.87 48,493.55 96,987.11 145,480.66 Apr-15 Jun-15 47,156.82 23,578.41 23,578.41 94,313.63 0.65 15,325.96 30,651.93 45,977.89 May-15 Jul-15 51,820.00 25,910.00 25,910.00 103,639.99 0.65 16,841.50 33,683.00 50,524.50 Jun-15 Aug-15 63,530.67 31,765.34 31,765.34 127,061.34 0.65 20,647.47 41,294.94 61,942.40 Sub-Total 325,014.96 52,814.93 105,629.86 158,444.79 Jul-15 Sep-15 49,814.04 24,907.02 24,907.02 99,628.08 0.65 16,189.56 32,379.13 48,568.69 Aug-15 Oct-15 52,333.38 26,166.69 26,166.69 104,666.76 0.65 17,008.35 34,016.70 51,025.05 Sep-15 Nov-15 54,260.52 27,130.26 27,130.26 108,521.03 0.65 17,634.67 35,269.33 52,904.00 312,815.87 50,832.58 101,665.16 152,497.74 Oct-15 Dec-15 48,763.81 24,381.90 24,381.90 97,527.61 0.65 15,848.24 31,696.47 47,544.71 Nov-15 Jan-16 63,303.62 31,651.81 31,651.81 126,607.23 0.65 20,573.67 41,147.35 61,721.02 Dec-15 Feb-16 99,187.99 49,594.00 49,594.00 198,375.98 0.65 32,236.10 64,472.19 96,708.29 422,510.82 68,658.01 137,316.02 205,974.02 Jan-16 Mar-16 49,991.19 24,995.59 24,995.59 99,982.37 0.65 16,247.14 32,494.27 48,741.41 Feb-16 Apr-16 42,000.94 21,000.47 21,000.47 84,001.87 0.65 13,650.30 27,300.61 40,950.91 Mar-16 May-16 63,385.72 31,692.86 31,692.86 126,771.44 0.65 20,600.36 41,200.72 61,801.08 310,755.68 50,497.80 100,995.60 151,493.39 Apr-16 Jun-16 50,205.20 25,102.60 25,102.60 100,410.40 0.65 16,316.69 32,633.38 48,950.07 May-16 Jul-16 0.00 0.00 0.00 0.65 0.00 0.00 0.00 Jun-16 Aug-16 0.00 0.00 0.00 0.65 0.00 0.00 0.00 100,410.40 16,316.69 32,633.38 48,950.07 Totals 6,340,933.04 1,205,761.73 2,411,523.47 3,617,285.20 CSD Woodbridge Centre Sales Tax Reimbursement Report Filing Allocation City 4B WEDC WEDC Period Period 1.00% 0.50% 0.50% Total Reimbursement Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17 Sub-Total 1,000.66 250.17 Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16 Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57 Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42 Sub-Total 5,804.55 1,451.14 May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35 Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09 Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14 Sub-Total 58,050.29 14,512.57 Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59 Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32 Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46 Sub-Total 73,721.47 18,430.37 Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58 Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01 Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11 Sub-Total $77,994.78 $19,498.70 Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46 Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37 Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20 Sub-Total $84,524.13 $21,131.03 May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50 Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16 Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29 Sub-Total $88,251.77 $22,062.94 Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74 Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06 Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91 Sub-Total $106,210.84 $26,552.71 Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,493.45 3,123.36 Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154.97 $19,288.74 CSD Woodbridge Centre Sales Tax Reimbursement Report Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,69114 Sub-Total $100,415.37 $28,103.84 Feb-16 Apr-16 5,556,02 2,778.01 2,778.01 11,112.03 2,778.01 Mar-16 May-16 35,400.22 17,700.11 17,700,11 $70,800.43 $17,700.11 Apr-16 Jun-16 5,929.35 2,964.67 2,964.67 $11,858,69 $2,964.67 Sub-Total $93 771.15, $23,442.79 May-16 Jul-16 5,622.45 2,811_22 2,811.22 11,244_89 2811.22 Jun-16 Aug-16 0.00 0.00 0.00 $0.00 Jul-16 Sep-16 000 0.00 0.00 $0.00 Sub-Total $11,244.89 $2,811,22 Total $700,989.90 $175,247.48 Regional Housing Permits Wylie Lavon 0 8 09 10 11 12 13 14 15 16 0 8 0 9 10 11 12 13 14 15 16 January 34 13 28 20 16 18 14 46 9 January 0 3 8 2 4 5 4 6 2 February 34 7 18 9 22 14 20 31 4 February 1 4 7 11 2 5 11 6 5 March 36 26 20 28 18 17 30 31 43 March 7 10 8 3 6 3 17 ! 8 —37 April 59 16 23 18 29 38 10 57 41 April 4 6 13 1 12 24 7 11 1 May 41 11 26 18 20 22 26 68 101 May 4 7 8 1 0 9 17 4 4 June 32 36 2419 13 11 9 57 58 June 6 12 12 9 2 5 12 5 1 July 74 21 33 20 19 18 29 36 34 July 12 14 11 2 3 1 14 12 1 August 28 22 24 16 20 19 19 30 August 1 14 12 9 6 3 1 5 September 22 38 23 22 15 8 17 24 September 3 1 0 6 7 6 2 7 October 22 15 17 16 28 30 21 32 October 1 3 14 4 2 1 9 5 November 17 21 13 5 14 18 20 33 November 3 13 5 5 3 2 1 2 December 14 31 15 10 16 23 65 38 December 19 2 1 7 1 4 5 6 TOTAL 413 257 264 201 230 236 280 483 290 TOTAL 61 89 99 60 48 68 100 77 17 Mur«h Sachse 08 09 10 11 12 13 14 15 16 08 09 10 11 12 13 14 15 16 January 14 2 14 4 7 26 13 1 12 January 12 5 17 14 8 13 18 14 16 February 16 1 15 3 14 4 5 5 4 February 11 8 10 3 11 8 29 17 31 March 12 4 15 9 6 6 8 4 5 March 7 11 11 9 12 1 13 24 31 April 12 7 12 8 10 23 1 3 8 April 15 12 11 8 4 13 17 12 24 May 12 7 5 11 14 7 7 2 2 May 15 6 13 11 17 10 21 6 21 June 25 12 13 6 19 15 6 7 4 June 22 17 11 8 17 14 16 38 25 July 13 12 7 7 16 7 22 4 2 July 17 11 15 7 14 15 30 12 22 August 15 6 3 4 13 15 16 2 August 18 12 14 5 19 10 29 41 September 6 12 7 4 10 10 3 3 September 16 13 3 12 12 17 23 27 October 7 4 8 3 16 16 4 0 October 25 15 3 8 15 25 18 31 November 3 5 7 3 17 5 5 2 November 10 14 4 6 9 12 27 26 December 3 14 9 8 7 15 4 0 December 9 12 6 7 10 11 39 12 TOTAL 138 86 115 70 149 149 94 33 37 TOTAL 177 136 118 98 148 149 280 260 170 Inspiration Jan Feb Marc Apr May Jun Jul Aug Sep Oct Nov Dec Tata 15 5 12 10 6 17 13 14 4 13 8 5 11 118 16 10 19 11 9 7 13 40 109 Regional Housing Permits Wylie Pending Developments Sachse Pending Developments Estates of Creekside-45 ac. -63 Lots, 3 open space Jackson Hills Phase 3A-2-55 Lots Braddock Place, Phase 2 - 185 ac. - 44 Lots Heritage Park- Phase 3 -81 Lots Kreymer Estates Phase 1 -36.475 ac. - 110 Lots Parkwood Ranch - Phase 2 -102 Lots Lewis Ranch -53 ac. -216 Lots Jackson Hills- Phase 3B- 114 Lots Woodbridge 16 -25.083 ac. - 111 Lots Jackson Meadows-51 Lots Dominion of Pleasant Valley- 361.4 ac. -975 Lots Woodbridge- Phase 19 - 148 Lots Covington Estates Ph 1 - 14.308 ac. -44 lots ETJ Bozeman Farms-780 lots remaining (145 under cons.) C & F Copeville Addition -3.515 ac 3 Lots Alanis Crossing - Phase 1 -29.292 ac-53 Lots Geckler Addition - 14.274 ac 1 Lot Braddock Place, Phase 3 -18.322 ac. - 53 Lots, 2 open space Reyes estates-3.61 ac 2 Lots Wilson Creek-38 ac. 140 lots Creeks Crossing -3.187 ac 2 Lots Inspiration 2B -25 ac. 76 lots Wylie ETJ ZC 2014-08 Nails-25 ac. 105 Townhomes Hunter's Cove Phase I -31.414 ac 58 Lots Bozman Farms Phase 3 -50.392 ac 139 Lots Braddock Place Phase 4-25.608 ac 77 Lots Braddock Plase Phase 3- 18.322 ac. 53 Lots Creekside Estates Phase VII -23.267 ac. - 11 Lots Castle Park- 31.41 ac 56 Lots Inspiration Phase 1 &2 --53 Lots Kreymer Estates Amenity Center-3.3 ac. 1 Lot Kreymer Estates Phase 2 -23.171 ac 60 Lots Kreymer Estates Phase 3 -29.7654 ac 74 Lots Mansions at Wylie Seniors- 13.125 ac 1 Lot Schupbach Estates-0.633 ac. 2 Lots Wooded Creek Phase 2 Amenity Center-0.512 ac 1 Lot Creekside Estates Phase VIII -20.551 ac 65 Lots Kreymer Estates Phase 4 -27.312 ac 78 Lots Bozman Farms Phase 5-69.071 ac 198 Lots HNI Townhome Addition- 10.06 ac 104 Lots Alanis Crossing Phase II - 26.239 ac 42 Lots Trailsplace Lot 6-BR &6 C-0.256 ac 2 Lots Kreymer Park-45.57 ac 151 Lots Kreymer Estates Phase 3-29.7654 ac 74 Lots Braddock Place Phase 5-28.019 ac Railroad Addition Block 31- 1 ac. Creekside Estates Ph 9- 12 ac