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12-07-2016 (WEDC) Agenda Packet NOTICE OF MEETING Wylie EconomC io Re DevePoRloApT I o mentN Special Meeting Agenda December 7, 2016—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas Marvin Fuller President Todd Wintters Vice President John Yeager Secretary Demond Dawkins Treasurer Bryan Brokaw Board Member Mayor Eric Hogue Ex-Officio Member Mindy Manson,City Manager Ex-Officio Member Samuel S atterwhite 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: www.wylietexas.gov 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 November 18, 2016 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. II. Consider and act upon approval of the November 2016 WEDC Treasurer's Report. III. Consider and act upon WEDC Resolution 2016-02 (R) approving Loan Documents between the WEDC and Billy R. Jarrard, Jr. in the cumulative amount of S300,000 for the acquisition of Lot 1, Railroad Industrial Park, an Addition of the City of Wylie, Collin County, Texas, as recorded in Volume C, Page 748, of the Map Records of Collin County, pledging as security the sales and use tax receipts the WEDC receives from the City of Wylie for repayment of said Loan, and further authorizing President Marvin Fuller to execute all documents necessary to effectuate the Loan Documents. IV. Consider and act upon a Performance Agreement between the WEDC and Reva Hospitality Wylie, LLC. WEDC—Agenda December 7, 2016 Page 2 of 2 DISCUSSION ITEMS Staff report: review issues surrounding WEDC Performance Agreement Summary, W&M Activity Report, Dallas Whirlpools, Ltd., Performance Agreement with FLM Development, LLC, Highway 78 WEDC Pad Sites, WEDC Annual Report, B&B Theatres Operating Company Performance Agreement, Promotional Activities, and regional housing starts. EXECUTIVE SESSION Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code, to wit: Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Project 2016-10a • Project 2016-10b • Project 2016-1 lb RECONVENE INTO OPEN MEETING ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on this 2"d day of December 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,November 18, 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 6:33 a.m. Board Members present were John Yeager,Demond Dawkins, Todd Wintters and Bryan Brokaw. Ex-officio member Mayor Eric Hogue and City Manager Mindy Manson were present. WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner and Senior Assistant Angel Wygant. Marvin Fuller welcomed Bryan Brokaw, the newly appointed WEDC Board Member, to his first meeting. CITIZEN PARTICIPATION Lynn Grimes was present and thanked the Board for their sponsorship of the upcoming B&B Fun Run benefiting the Christian Care Center. She encouraged the Board to come out and participate if they were free on November 9th at 9:00 a.m. With no further citizen participation, President Fuller proceeded to Action Items. ACTION ITEMS ITEM NO. 1 — Consider and act upon approval of the October 28, 2016 Minutes of the Wylie Economic Development Corporation (WEDC)Board of Directors Meeting. MOTION: A motion was made by Demond Dawkins and seconded by Todd Wintters to approve the October 28, 2016 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 5 —FOR and 0 —AGAINST in favor of the motion. ITEM NO.2—Consider and act upon approval of the October 2016 Treasurers Report. Staff reviewed key items within the October Treasurer's Report and informed the Board that an invitation has been extended to Melissa Beard, Assistant Finance Director with the City of Wylie, to attend the December 16th meeting. Ms. Beard handles all financial matters for the WEDC and Staff felt it would be good to have her attend periodically to answer any questions the Board might have. WEDC—Minutes November 18, 2016 Page 2 of 6 MOTION: A motion was made by John Yeager and seconded by Demond Dawkins to approve the October Treasurers Report for the Wylie Economic Development Corporation. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the motion. ITEM NO. 3—Consider and act upon issues surrounding the election of WEDC Officers. Staff explained that due to Mitch Herzog's resignation from the Board on October 28, 2016, the Wylie City Council appointed Mr.Bryan Brokaw to fill Mr.Herzog's unexpired term. Mr. Brokaw was sworn in by City Secretary Ehrlich on November 15`h. With Mr. Herzog resigning, staff requested that the WEDC Board elect/appoint a Vice President and make any other officer appointments that may be necessary The current WEDC officers are as follows: Marvin Fuller President John Yeager Secretary Todd Wintters Treasurer Staff recommended that the WEDC Board of Directors elect officers to fill the vacant VP position. The following slate of officers were discussed and presented by the Board: Marvin Fuller ..... .............................President Todd Wintters.............................. Vice President John Yeager Secretary Demond Dawkins Treasurer MOTION: A motion was made by John Yeager and seconded by Bryan Brokaw to approve the new slate of Officers as follows: Marvin Fuller, President; Todd Wintters, Vice President; John Yeager, Secretary; and Demond Dawkins,Treasurer. The WEDC Board voted 5—FOR and 0—AGAINST in favor of the motion. ITEM NO. 4 — Consider and act upon a Performance Agreement between the WEDC and FLM Development,LLC. The WEDC has been working with McClure Partners, LLC and their development arm, FLM Development, LLC to redevelop the southeast corner of FM 544 and Regency Drive. Staff explained that the overall project is moving forward as planned and they have two of the three pad sites under contract. FLM has received a letter of intent from a third tenant,but the middle parcel of land was larger than the client needed. After the initial discussion,the WEDC staff requested feedback from the WEDC Board and then pledged support to assist FLM with the development of a small office building on the property. FLM Development has submitted the necessary paperwork to file for a replat of the remaining parcel and they are awaiting final approval from P&Z and City Council. Both meetings are scheduled for early to mid-December. Upon approval, FLM Development will replat the remaining pad site into 111 WEDC—Minutes November 18, 2016 Page 3 of 6 two separate parcels, Lot 2R-1 & Lot 2R-2. Lot 2R-1 will be reserved for a fast-casual restaurant user and McClure Partners plans to move their Headquarters into a new office building on 2R-2. FLM Development plans to construct a 4,200 sq. ft. office and occupy half, or 2,100 sq. ft., for FLM offices being relocated from Farmers Branch. The estimated capital investment exceeds $600,000 with the 4,200 sq. ft. shell and the finish out of FLM offices completed by 12-31-2017. The finish out of the remaining 2,100 sq. ft. will be completed shortly thereafter with FLM having an additional 18 months to fill the remaining space and qualify for Incentive Payment No. 2. The attached Agreement proposes a total maximum incentive of $20,000 which is broken down as follows: Incentive No. 1 ...... . ...... ...._.__..... $10,000 > Construction of 4,200 sq. ft. on Lot 2R-2 located at FM 544 &Regency Drive ➢ Proof of Certificate of Occupancy for a 2,100 sq. ft. suite > Capital Investment verified at $600,000 Incentive No. 2 $10 000 > Proof of Certificate of Occupancy for a second 2,100 sq. ft. suite Should FLM Development 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 recommended that the WEDC Board of Directors approve a Performance Agreement between WEDC and FLM Development, LLC providing for a maximum incentive of $20,000 and further authorizing the WEDC Executive Director to execute said Agreement. MOTION: A motion was made by John Yeager and seconded by Todd Wintters to approve a Performance Agreement between WEDC and FLM Development, LLC providing for a maximum incentive of $20,000 and further authorizing the WEDC Executive Director to execute said Agreement. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO.6—Staff report: review issues surrounding WEDC Performance Agreement Summary, 605 Commerce, Jarrard Property, Dallas Whirlpools, Ltd Property, ACG Texas, LP, Highway 78 WEDC Pad Sites, WEDC Annual Report, Promotional Activities, and regional housing starts. WEDC Performance Agreement Summary Attached for the Board's review was a summary of all outstanding Performance Agreements including: ACG Texas, LP, Ascend Custom Extrusion, All State Fire Equipment, B&B Theatres Operating WEDC—Minutes November 18, 2016 Page 4 of 6 Company, Clark Street Development, Dank Real Estate, Exco Extrusion Dies, FLM Development, Freudiger Holdings, Getset, KREA Acquisition, McClure Partners, Patna Properties, VIAA Properties, Von Runnen Holdings, Wedge Corporation, Woodbridge Crossing, and Wylie Flower& Gift. Woodbridge Crossing Attached for the Board's review was the Sales Tax Reimbursement Report which identifies all sales taxes received through September 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. $3,853,100.08 in reimbursement has been earned through October 2016 with net receipts of $3,071,966.19 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, $127,653.30 was generated in sales tax in August 2016 versus $104,666.76 in August 2015. This represents a 22%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, 111 N. Ballard, 908 Kirby, 201 Industrial Court, is processing the VCP application for the Commerce & Wallace property, and processing the Municipal Setting Designation through the City. Jarrard Property The WEDC successfully negotiated a$25,000 reduction in purchase price for the Jarrard purchase which is scheduled to close on December 30, 2016. As a reminder,a tenant currently occupies a portion of the building. Staff will negotiate a month-to-month lease with the tenant which will include a 90-120 day notice to vacate. Dallas Whirlpools, Ltd Property Staff is currently negotiating an amendment to the Purchase Agreement relating to a price reduction based upon unanticipated expenses the WEDC must incur relating to existing environmental conditions. Staff will provide a full report at the Board meeting. ACG Texas, LP IHOP will be at P&Z on December 6th and Council on December 13th seeking approval of a replat to increase the width of their lot. Exterior elevations and a site plan has been attached for your review. WEDC—Minutes November 18, 2016 Page 5 of 6 Highway 78 WEDC Pad Sites CFA is approximately 45 days into their initial 90-day inspection period. The only unexpected issue is that a Traffic Impact Analysis is required of CFA which only presents an issue from a timing perspective. Proactively, the remaining two WEDC pad sites will be included within the study so as to identify any traffic mitigation opportunities that we may not have been considered. Promotional Activities To facilitate interaction with the brokerage community and other community stakeholders, the WEDC has a'/4 interest(11 games)in Maverick's Season tickets for the 2016-17 Season. The Board will receive a monthly report as to the utilization of said tickets as attached. Regional Housing Starts Twenty-six homes were permitted in Wylie for the month of October 2016. Sachse, Lavon, Murphy permitted a combined thirty-one with Inspiration permitting thirteen homes over the same period. No action was requested by staff for this item. EXECUTIVE SESSION Recessed into Closed Session at 7:16 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: • F.M. 544 & Commerce • Sanden&Hensley Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Project 2016-12a • Project 2016-l 0a • Project 2016-10b • Project 2016-1Od • Project 2016-10e • Project 2016-11a Mayor Hogue departed at 7:57 a.m. Mindy Manson departed at 8:39 a.m. WEDC—Minutes November 18, 2016 Page 6 of 6 RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 8:45 a.m. and took no action. ADJOURNMENT With no further business, President Fuller adjourned the WEDC Board meeting at 8:45 a.m. Marvin Fuller,President ATTEST: Samuel Satterwhite,Director Wylie Economic Development Corporation MEMORANDUM TO: Samuel Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistant ,,,,) SUBJECT: November 2016 Treasurer's Report DATE: December 5, 2016 Issue Consider and act upon approval of the November 2016 WEDC Treasurer's Report. Analysis Due to the timing of this WEDC Board Meeting, the entries below that have not been recorded into the City's financial reports. Therefore, the following categories will not correspond with the attached financial documentation: • Loan Receivable should be reduced by the amount of the Wylie Ice Cream principal payment • Deferred Outflows: ACG Texas in the amount of$35,000 will be added • Deferred Inflows: Should be adjusted for the Wylie Ice Cream payment • Interest Earnings: Should reflect the Wylie Ice Cream interest payment of$260.88 • Loan Repayment (Principal): Should reflect the Wylie Ice Cream principal payment of $735.61 Updated printouts will be reviewed at the Board Meeting on December 7th. From the Balance Sheet,page 1: Deposits - $13,000. 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, a $10,000 Deposit for Dallas Whirlpools, Ltd property and a$1,000 Deposit for the Jarrard property. Loan Receivable - $61,874.41. 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 37 payments remaining with a balloon payment of$33,248.44 due on 12-15-19. WEDC November 2016 Treasurer's Report December 5, 2016 Page 2 of 3 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 February 24, 2017 and on an annual basis thereafter. Deferred Outflows - $672,173. This is a total of incentive payments which are due in the future. A breakdown of these charges includes: ACG Texas - $35,000, Ascend Extrusion —Phase II - $24,000, 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 - $100,000, McClure Partners - $75,000, VIAA - $20,000, Patna Properties - $10,000, FLM Development - $76,673, Freudiger Holdings - $30,000, Wylie Flower & Gift - $24,000 and AGC Texas - $35,000. From the Balance Sheet,page 2: Deferred Inflow - $256,874.41. 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 November was $735.61. The Exco Extrusion Dies loan will be reduced by$70,000 annually over a 5-year period. Revenue and Expense Report,page 2: Interest Earnings - $260.88. Interest earnings from the Wylie Ice Cream Holdings. Loan Repayment- $735.61. Principal payment from the Wylie Ice Cream Holdings. Rental Income — $1,650. Helical Concepts - $400, Trimark Catastrophe - $750, Richmond Hydromulch- $500. Revenue and Expense Report,page 3: Office Supplies - $186.18. Business Leaders Roundtable Badges ($194.80), Office Supplies — copy paper,pens, etc. ($85.91). Food Supplies - $66.13. WEDC Board Mtg. Meals ($33.17), Business Leaders Roundtable ($32.96). Computer Maintenance - $187.50. Quarterly Computer Maintenance. Incentives - $23,627.55. Clark Street Development Quarterly Sales Tax Reimbursement. WEDC November 2016 Treasurer's Report December 5, 2016 Page 3 of 3 Special Services — $6,852.50. Environmental Report 201 Industrial Ct. ($2,400), Environmental Report Kirby($2,800), Janitorial Svc ($157.50), Downtown Aerial ($1,250), Mowing ($245). Advertising- $3,800. In&Around ($1,555), WDMA Qrtly Audio Ads ($150), Playoff Radio Ad ($595), Connection($1,500). Community Development- $800. Night of Wonder($100),Rotary Sponsorship ($700). Travel & Training - $2,914.09. ICSC — Parking ($15), TEDC Greiner ($1,256.04), TEDC Satterwhite ($1,480.76), Business Mtgs/Prospect Recruitment($162.29). Dues& Subscriptions - $2,085.86. Rotary Dues - 2 ($1,448), Club Corp Dues ($637.86). Insurance - $174.88. City of Wylie Insurance Assessment for Gen Liability, Property and Errors & Omissions Insurance. Audit & Legal - $4,160. Attorney fees for: Jarrard Property Purchase ($320), CFA Easement Agreement($220), Dallas Whirlpools ($1,620),ANB Loan Agreement($2,000). Engineering&Architectural - $2,897.80. Eng. Svc. Turn and Deceleration Lane Hwy 78. Recommendation Staff recommends that the WEDC Board of Directors approve the November 2016 Treasurer's Report. Attachments November 2016 Treasurer's Report Sales Tax Revenue 12-05-2016 10:11 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: NOVEMBER 30TH, 2016 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH & CASH EQUIV 1,300,892.51 1000-10115 CASH - WEDC - INWOOD 0.00 1000-10135 ESCROW 0.00 1000-10180 DEPOSITS 13,000.00 1000-10198 OTHER - MISC CLEARING 0.00 1000-10341 TEXPOOL 0,..00 1000-10343 LOGIC 0„00 1000-10481 INTEREST RECEIVABLE 0,00 1000-11511 ACCTS REC - MISC 0„00 1000-11517 ACCTS REC - SALES TAX 0,00 1000-12810 LEASE PAYMENTS RECEIVABLE 0,00 1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 1000-12996 LOAN RECEIVABLE 62,610.02 1000-12997 ACCTS REC - JTM 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..42 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0,00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 0.00 8,340,854.28 TOTAL ASSETS 8,340,854.28 LIABILITIES 2000-20110 FEDERAL INCOME TAX PAYABLE 0.,00 2000-20111 MEDICARE PAYABLE 0,00 2000-20112 CHILD SUPPORT PAYABLE 0.00 2000-20113 CREDIT UNION PAYABLE 0.00 2000-20114 IRS LEVY PAYABLE 0.00 2000-20115 NATIONWIDE DEFERRED COMP 0.00 2000-20116 HEALTH INSUR PAY-EMPLOYEE 235.2.6 2000-20117 TMRS PAYABLE 0„00 2000-20118 ROTH IRA PAYABLE 0,00 2000-20119 WORKERS COMP PAYABLE 0,00. 2000-20120 FICA PAYABLE 0,.00 2000-20121 TEC PAYABLE 0,„00 2000-20122 STUDENT LOAN LEVY PAYABLE 0...00 2000-20123 ALIMONY PAYABLE 0.00 2000-20124 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 2000-20130 FLEXIBLE SPENDING ACCOUNT 0.00 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE ELITE 12,00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20180 ADDIT EMPLOYEE INSUR PAY 0.00 2000-20199 MISC PAYROLL PAYABLE 0.00 12-05-2016 1011 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: NOVEMBER 30TH, 2016 II-WYLIE ECONOMIC DENFL CORP ACCOUNTI TITLE 2000-20201 AP PENDING 6,991,64 2000-20210 ACCOUNTS PAYABLE 104,0.79.11 2000-20530 PROPERTY TAXES PAYABLE 0,00 2000-205401 NOTES PAYABLE 0.00 2000-21810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 257,610.02 2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 0.00 TOTAL LIABILITIES. 368,927.99 EQUITY 3000-34110 FUND BALANCE. - RESERVED 0.00 31100-34590 FUND. BALANCE-VNRESERV/UNDESIG 8,229,357.46 TOTAL BEGINNING EQUITY 8,229,367.46 TOTAL. REVENUE 5,954.61 TOTAL EXPENSES 263,343.5,7$ REVENUE OVER/)UNDER) EXPENSES 257,431.179 TOTAL EQUITY 6; OVER/AUNDER) 7,971,926-29 .. .. .. ._ TOTAL LIABILITIES, EQUITY OVERitUNDEE) 8040,854.28 12-05-2016 10:11 AM CITY OF WYLIE PAGE: I BALANCE SHEET AS OF: NOVEMBER 30711, 2018 922-GEN LONG' TERM DEBT (WEDC) ACCOUNT 4 TITLE ASSETS -- -- 1000-10112 GOVERNMENT NOTES 0.00 1000-16110 LOAN - WEDC 0.00 1000-19120 LOAN - BIRMINGHAM 0.00 1000-18210 AMOUNT TO BE PROVIDED 0,00 1000-18220 BIRMINGHAM LOAN 0.00 1000-11050 DEF OUTFLOW - CONTRIBUTIONS 23,447,00 1000-190)5 DEF OUTFLOW - INVESTMENT EXP 5,062.00 1000,19100 DEF OUTFLOW - ACT EXP/ASSUMP 2,154.00 30,663.00 TOTAL ASSETS 30,563.00 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 84,613.61 2000-20)11 COMP ABSENCES PAYABLE-CURRENT 0.00 2000-21410 ACCRUED INTEREST PAYABLE 4,630.85 2000-21205 WEDC LOANS/CURRENT 2,053,340.90 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 ANB LOAN/EDGE 0.00 2000-21233 ANB LOAN/PEDDICORD WHITE 552,873.65 2000-28234 AND LOAN/RANDACK HUGHES' 20,995.75 2000-28215 ANB LOAN 0,00 2000-28235 AND CONSTRUCTION LOAN 0.00 2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 548,207.60 2000-28238 ANB LOAN/BUCHANAN 162,440.60 2000-26231 ANB LOAN/JONES:HOBART PAYOFF 193,693.04 2000-26240 HUGHES LOAN 0.00 2000-28250 CITY OF WYLIE LOAN 0.00 2000-28260 PRIME RUTS LOAN 0.00 2000-26270 ROWLAND/ANDERSON LOAN 0,00 2000,26280 CAPITAL ONE CA2AD LOAN 0,00 2000-26290 noBART/commERcE LOAN 0.00 2000-29150 NET PENSION LIABILITY 147,106.00 TOTAL LIABILITIES 3,167,962.00 EQUITY 3000-14590 FOND BALANCE-UNRESERV/UNDESIG( 3,727,302.47) 3000-35900 UNRESTRICTED NET POSITION ( 114,961.00) TOTAL DEOINNING EQUITY ( 3,842,271.471 TOTAL REVENUE 0,00 TOTAL EXPENSES 3 104,152.47) REVENUE OVER!(UNDER) EXPENSES 104,952.47 TOTAL EQUITY 6 OVER/(UNDER) ( 3,717,319.00/ 12-05-2016 10:11 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: NOVEMBER 30TH, 2016 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 30,663.00 12-05-2016 10:16 AM CITY OF WYLIE PAGE 1 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: NOVEMBER 30TH, 2016 111-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 1 OF BU06ET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET RPIENg, SUMMARY TAXES 2,40,295.00 0.00 0.00 0.00 0.00 2,461,29 .00 0.00 INTERGOVERNMENTAL REV. 0.00 MO 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 12,958.00 0,00 0.00 1,254.61 0.00 11, 103,39 9.68 MISCELLANEOUS INCOME 1,538,358.00 1,650.00 0,00 4,700,00 0.00 1,533,658,00 0.31 OTHER FINANCING SOURCES 0.00 0.00 0,00 0.00 0.00 0.00 MO TOTAL REVENUES 4,018,611.00 1,650.00 0.00 5,954.61 0.00 4,012,656.39 0.15 EXPENDITURE MMIT,R11". DEVELOPMENT CORP-WEDC _..4,411....201,00, 155,61,6^3(3 0.00 263,385.78 29,300.00 4,196,611.22 _ 6.42 TOTAL expimiTuRgs 4,4R4,29",,.00 1.55,516.30 0.00 263, 385.78 24,100.00 4,196,611.22 6.42 REVENUE OVER/(UNDER) EXPENDITURES ( 465,686.00) ( 153,966.30) 0.00 ( 257,431.17) 11 74,"300.010 I 183,954.83) 60.50 i 12-05-2016 10:16 AM CITY OF WYLIE PAGE: 2 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: NOVEMBER 30TH, 2016 111-WYLIE ECONOMIC DEVEL CORP REVENUES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 6 OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET TAXES 4060-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0,00 0.00 0.00 4000-40210 SALES TAX 2,467,295.00 0.00 0.00 0.00 0,00 2,467,295.00 0,00 TOTAL TAXES 2,467,295.00 0.00 0.00 0.00 0.00 2,467,295.00 0.00 INTERGOVERNMENTAL REV, 4000-43518 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 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 4000-46110 ALLOCATED INTEREST EARNINGS 1,000.00 0.00 0.00 258.12 0.00 741.88 25.81 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 0,00 0.00 0.00 0.00 0.00 4000-46150 INTEREST EARNINGS 2,962.85 0,00 0.00 263.93 0,00 2,698.92 8.91 4000-46160 LOAN REPAYMENT (PRINCIPAL) 8,995.15 0,00 0,00 732.56 0.00 8,262.59 8.14 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 0.00 0.00 1,254.61 0.00 11,703.39 9.68 MISCELLANEOUS INCOME 4000-48110 RENTAL INCOME 72,600.00 1,650.00 0.00 4,700.00 0,00 67,900.00 6.47 4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-48410 MISCELLANEOUS INCOME 115,758.00 0.00 0.00 0.00 0,00 115,758.00 0.00 4000-48430 GAIN/(LOSS) SALE OF CAP ASS 1,350,000.00 0.00 0.00 0.00 0,00 1,350,000.00 0.00 TOTAL MISCELLANEOUS INCOME 1,538,358.00 1,650.00 0.00 4,700.00 0.00 1,533,658.00 0.31 OTHER FINANCING SOURCES 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 0.00 0.00 0.00 0.00 0.00 0.00 (LOU 4000-49550 LEASE PRINCIPAL PAYMENTS (0 0.00 0.00 0.00 0.00 0.00 0.00 0,00 4000-49600 INSURANCE RECOVERIES 0,00 0.00 0.00 0.00 0,00 0.00 0.00 TOTAL OTHER FINANCING SOURCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES 4,018,611.00 1,650.00 0.00 5,954.61 0.00 4,012,656.39 0.15 12-05-2016 10:16 AM CITY OF WYLIE PAGE; 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: NOVEMBER 30TH, 2016 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET PERSONNEL SERVICES 5611-51110 SALARIES 267,575.00 30,275.99 0,00 46,564.09 0,00 221,010.91 17.40 5611-51130 OVERTIME 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611-51140 LONGEVITY PAY 1,168.00 1,168.00 0,00 1,168.00 0,00 0.00 100.00 5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-51160 CERTIFICATION 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 0,06 0.00 0.00 5611-51210 CAR ALLOWANCE 12,600.00 969.26 0.00 1,770.88 0„00 10,829.12 14.05 5611-51220 PHONE ALLOWANCE 4,656.00 0.00 0.00 1,164.00 0.00 3,492.00 25.00 5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-51260 MOVING ALLOWANCE 0.00 0.00 0,00 0.00 0,00 0.00 0.00 5611-51310 TMRS 42,427.00 4,722.60 0.00 7,212.58 0.00 35,214.42 17.00 5611-51410 HOSPITAL & LIFE INSURANCE 32,521.00 2,611.04 0.00 5,222.08 0,00 27,298.92 16.06 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0.„00 0.00 0.00 0.00 0.00 5611-51420 LONG-TERM DISABILITY 1,471.00 77.01 0,00 231.03 0,00 1,239.97 15.71 5611-51440 FICA 17,443.00 554.85 0.00 1,166.75 0„00 16,276.25 6.69 5611-51450 MEDICARE 4,079.00 458.20 0.00 699.11 0.00 3,379.89 17.14 5611-51470 WORKERS COMP PREMIUM 716.00 0.00 0.00 414.16 0,00 301.84 57.84 5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0,00 0.00 0.00 810.00 0.00 TOTAL PERSONNEL SERVICES ..........__ 385,466.00 40,836.95 ...�,,,. 0.00 ..................65,612.,.68. 0.00 ,........319,853.3217...02. SUPPLIES 5611-520 10 OFFICE SUPPLIES 5,500.00 186.18 0.00 186.18 0.00 5,313.82 3.39 5611-52040 POSTAGE & FREIGHT 980.00 0.00 0.00 0.00 0.00 980.00 0.00 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-52810 FOOD SUPPLIES 2,250.00 66.13 0.00 66.13 0.00 2,183.87 2.94 5611-52990 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 TOTAL SUPPLIES 13,730.00 252.31 -----._..,,........,............0.08. ........................252.31 0.00 .. 13,4769 .........1.84 MATERIALS FOR MAINTENANC 5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-54810 COMPUTER HARD/SOFTWARE 3,000.00 187.50 0.00 187.50 0.00 2,812.50 6.25 5611-54990 OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL MATERIALS FOR MAINTENANC 3,000.00 187.50 0.00 187.50 0.00 2,812.50 6.25 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 1,175,281.00 23,627.55 0.00 23,627.55 24,000.00 1,127,653.45 4.05 5611-56040 SPECIAL SERVICES 127,600.00 6,852.50 0,00 10,335.00 0.00 117,265.00 8.10 5611-56080 ADVERTISING 144,700.00 3,800.00 0„00 3,800.00 300.00 140,600.00 2.83 5611-56090 COMMUNITY DEVELOPMENT 52,000.00 800.00 0,00 1,350.00 0.00 50,650.00 2.60 5611-56110 COMMUNICATIONS 9,350.00 478.86 0.00 834.00 0.00 8,516.00 8.92 5611-56180 RENTAL 29,328.00 2,444.00 0,00 7,138.00 0.00 22,190.00 24.34 5611-56210 TRAVEL & TRAINING 36,000.00 2,914.09 0.00 2,914.09 0.00 33,085.91 8.09 5611-56250 DUES & SUBSCRIPTIONS 19,560.00 2,085.86 0.00 3,690.86 0.00 15,869.14 18.87 5611-56310 INSURANCE 4,310.00 174.88 0.00 2,898.10 0.00 1,411.90 67.24 5611-56510 AUDIT & LEGAL SERVICES 23,000.00 4,160.00 0.00 4,160.00 0.00 18,840.00 18.09 5611-56570 ENGINEERING/ARCHITECTURAL 20,000.00 2,897.80 0.00 8,587.30 0.00 11,412.70 42.94 5611-56610 UTILITIES-ELECTRIC 2,300.00 209.61 0.00 209.61 0.00 2,190.39 8.73 TOTAL CONTRACTUAL SERVICES 1,643,529.00 50,445.15 0.00 69,544.51 24,300.00 1,549,684.49 5.71 12-05-2016 zo.zs my CITY or WYLzo PAGE: « REVENUE AND oxeomoE REPORT - /nmunozrom AS OF: muvExaEa aorv' uoza 111-wxLzE ECommnzo oo"EL CORP osnELnrmomc coap-wooc voruaruumTaL oxpEmozrnaEo cvoaomr Cvamowr euzon YEAR x-r-o ,-T-o ovuoEr % OF anunor roazou PO aoJvor. xcrn^L oxCnmaRAwco a^L^mco onunor � uoor SERVICE 5611-57110 oEar oEavznE 1'910'90*.00 0.00 0.00 0.00 0.00 1'910'906.00 0.00 5611-57410 eozmozrxL ea,momT 0.00 52'433.87 0.00 104'952.47 0.00 / 104.95e.47) 0,00 5611-57415 zm`oaEu, oupEmuo 0.00 11'460.52 0.00 22'836.31 0.00 ( ex'o»s.az) o'oo 5611-57710 axo DEBT oxvnnoo 0.02 0.00 __�� __ u�Y _- 0.00 «.»o «�� rnrvL oEor aEevzco a o^e. oEpL z'ozo'yoa.uu 63'894.39 u ou 1e7'788.78 0.00 1'/83'117.22 e.69 CAPITAL�� 5611-58110 L^mo-rvacv^uo cmzcE 128.866.00 o.no u'um 0.00 0.00 zco'oao'oo o'nn 5611-5o120 DEVELOPMENT FEES 0.00 n.00 0.00, u.uo n'on 0.00 0.00 5611-58150 ^^mo'aErrEm,omrs 0.00 0,00 0.00 0.00, 0,00 0.00 0.00 561.1-58210 urpEoro a ^^rn,s ayz'son.00 0.00 o'om 0.00, 0.00 391'300.00 n.00 5611-58410 u^mzraax SEWER 0.00 o.uo 0.001 0.00, o'uu ».»» 0.00 5e11-:e810 cnxeorEa aARn/nnFrwamE 5.000.00 0,00 0,00 0,00, 0.00 5'000.00 0.00 5611-58830 rnaozrneE & rzuroaEu c'sou.00 0.00 0.00 u.00 u.ou 2'500.00 0.00 5611-58910 eozLozmsx 0.00 0.00 o'va 0.00, 0.00 0,00 0100 5611 5nyv5 oomrRA cupzrxL onrcux 0.00 0,00 __�00 o�oo »,»o «'»» ».mn ro~^L oaczr^L unrL^x 527'666.00 0.00 0.00 0.00 0.00 uzr'osa.ou 0.00 oroEo Fz^Avczmo (USES)_ 5611-59111 zouworum TO uouoauL rnmo o'oo 0.00 0.00 0.00 o'oo 0.00 0.00 5611-59190 rxmmurEu TO ,aoonsaFnpo zwp 0.00 0,00 0.00 0.00 0.00 0.00 0.00 sazz-so«»o rm^msrom TO cxezruL eaoJ rn 0,00 0.00 0.00 0.00 0,00 0.00 0.00 5611-59990 pmnJEcc uzconmrzmx 0,00 ___��g o�nn _____��! _____g�yg _____�� _�� ror^� vrnoa nzm^mozxo �oo�a� u�oo o�on o.ou o.no o�no o�uo 0.00 ,orvL oEvozOvMomr cvnp-wouc 4'484'297.00 155'616.30 0.00 263'3e5.78 24'300.00 4'196'611.22 o.«, ....................___ TOTAL EXPENDITURES 4'484'297.00 155'616.30 0.00 263,385.78 x«'mo.00 4'196'611.22 e.42 1_`1111_1 .- --------- --1-11-11- 11--- - .. _ m,vomoE OVER (nm000) avpomozrnmmo ' *sn'ono.uu) / 153'966.30) o.nn 257'431.17) ( 2*'300.00) ( 183'954.83) 60.50 ^°^ nwo OF' ameomr ~~° z2-05-2016 wAz pm o o T p z 1, x z n r z m m eAno, z rouo , 11.1-mxLIu ucomomzo uovoL CORP ,amzno TO USE, Nov- nzs raRv m".- oz6 oo,r , so oo,uzoPMEmz conr-w000 accovmrs, oozz-senzn rHRm nazz-svom pns` DATE rRAN * nnrmpowoo racmor------msocazprznm�~~~--- vmmo zwv/^o * mOra ------------------------------- _______________________________________________________ soz1-5ao10 oFrzco overLrmo a s u z w w T w u a ^ L ^ m c o 0.00 11/17/16 11/17 a73224 orr. o00245 ooznu nmu roc o^onus onnnzz 8277 movzo v,s^ar . 9*�53 94�53 ,z/z//,s 11/17 ^73224 or,, 000245 oszoz amo roL o^oaov 000yzu 8277 momzs v,Gxmr 5.7" 100.27 11/23/16 11/23 x73604 cam, 08600* 86227 oro ovrxLzmo noo»oc 25489 °Eoc 85.91 186J8 xnvEwoEm ^cczvzr, mn. 186.18 cx. 0.00 186.18 ---------------------------- _-_--___-_______--_---__-__-_______---_--__-__-___-_-__ 5611-52040 eoo,xoo ^ reozsor a o o z w m z u G o u L a m c o 0.00 ------- -------------------------------------- --------------- ------------~^--------------^------ --------------------- soz1-5z13v TOOLS/ Eonze (mom-cvezr^L) e o o z m u z m s a ^ L a m c o 0.00 ----------------------- ` -________-_'____--_'-_-_-_'-__-_-_-_--_-__ 5o1z-5z1ou rovLx/ 000ze - ^zoo-$poy�eo o o o z m m z m s a v L ^ m c E 0.00 ---------------------------------------------------~--------------------~----------------- 5ozz-5zozo rvnu xnppLzox a E o z u x z m n a a L x m c E 0.00 11/17/16 /1/17 a73e24 urr. 000e45 oozoc wooc oo^ao mcn 000912 8277 mo"16 w,GANc 13.27 13.27 11/17/16 11/1.7 x,azz« orc. 000245 oozoo amu rBL/nEoc aao mro 000912 ourr mo"zo wxGANr »o.nz *4�08 11/17/16 11/17 A73e:4 orr. 000c^s 86102 oxo TABLE-ICE uunyzz oorr mvvzs °,v^mr 2�15 46.23 11/17/16 11/17 ^,»zz^ orr. onnz«n 86102 v000 Buo xrG oo^L 000912 8277 xnv16 vxGAmr 9.95 56�18 11/17/16 11/17 a73224 oFr. 0000^o 86102 wEoc Eao yro MEAL 000912 nzrr mn,16 vxnaxr 9�95 66.13 wn"Emaou acrzvzr, oo. 66./3 cn. 0.00 66�13 ____-_-_---'___-_______--_-___-_-_-_---________'___-_-_-____-_--__--___--_-_-_-____ o6n-:zyyn oryu, a u o z N p z m o a a L a m c o 0.00 - __-____--__--___-____________-_-____--_-_______________-_______~_-__--_________-_-_-_____ 5o1z 54eo rooLo & ouvze,owr x o u z w p z m c e v L v m c E 0.00 _____________________________________________________________________________________ s*zz 5«ozo cumevrou nxno/xnrT^mmo B E o z m m z x o o ^ L x x c o 0.00 11/01/16 11/01 ^rzrrs ca^. 085557 os*oo ourLx coMcnrop muzxrEmmv 003339 NO on,o,v voor 187.50 187.50 movEmoE^ ucrzvzc, oe` zor.su cu. 0.00 187.50 12-05-2016 4:42 PM DETAIL LISTING PAGE: 2 FUND : 111—WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Nov-2016 THRU Nov-2016 DEPT : 611 DEVELOPMENT CORP—WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN .8 REFERENCE PACKET DESCRIPTION-------------- VEND INV/JE # NOTE AMOUNT==== -------BALANCE==== 56.1.1-54990 OTHER BEGINNING BALANCE 0.00 56:1:1.-56030 INCENTIVES BEGINNING BALANCE 0.00 11/01/16 11/01 A7.180.1 CHK.: 085558 85614 CSD ARTY SALES TAX REIMB 003990 102316 WEDC 23,627.55 23,627.55 =n -r= _ = NOVEMBER ACTIVITY DSc 23,627.55 CR: 0.00 23,627.55 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 3,482.50 11/01/16 1.1/0.1. A71802 CHK: 085561 85614 ENV. RPT-201 IND CT 004337 23025 01459.007 2,400.00 5,882.50 11/01/16 :1:1/01 A71778 CHK: 085554 85608 ENVIR REP-900/908 KIRBY 004337 23032 01459.006 2,800.00 8,682.50 11/04/16 11/14 B54.158 15041 JE25130 REV 605 COMM VCP — AUG JE# 025130 1,926.25CR 6,756.25 11/11/16 1:1/11 A72689 CHK: 085788 85925 605 COMM VCP—AUG WEDC 001320 VCP0039791 AUG16 1,926.25 8,682.50 11/22/16 11/22 A73528 CHK: 085986 86211 JANITORIAL SERVICE 002330 31751 157.50 8,840.00 11/23/16 11/23 A73606 CHK: 086006 86227 MOW—UDOH 001173 101116 WEDC 40.00 8,880.00 11/23/16 11/23 A73606 CHK: 086006 86227 MOW—DUAL PROD 001173 101116 WEDC 85.00 8,965.00 11/23/16 .1.1./23 A73606 CHK: 086006 86227 MOW—WAGS LOT 001173 101116 WEDC 60.00 9,025.00 11/23/16 11/23 A73606 CHK: 086006 86227 MOW—COOPER DR CURVE 001173 101116 WEDC 60.00 9,085.00 11/28/16 1.3/28 A7375:.3 CHK: 086048 86260 AERIAL— DOWNTOWN 004624 9 WEDC 1,250.00 10,335.00 -- -- - NOVEMBER ACTIVITY DB: 8,778.75 CR: 1,926.25CR 6,852.50 5611-56080 ADVERTISING BEGINNING BALANCE 0.00 11/08/16 11/08 A72356 CHK: 085704 85796 TN & AROUND—NOV 000391 12905 WEDC 1,555.00 1,555.00 11/23/16 11/23 A73641 CHK: 086022 86230 Q4 AUDIO ADS 001078 221 WEDC 150.00 1,705.00 11/28/16 11/28 A73733 CHK: 086040 86256 PLAYOFF RADIO SPONSOR 004591 11.17.16 WEDC 595.00 2,300.00 11./28/16 11/28 A73747 CHK: 086052 86260 CONNECTION AD 000468 7849 WEDC 1,500.00 3,800.00 --,,r,* --^- --,= NOVEMBER ACTIVITY DB: 3,800.00 CR: 0.00 3,800.00 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 550.00 11/17/16 11/17 A73202 DFT: 000245 86100 NIGHT OF WONDER SPONSOR 000912 8277 NOV16 SATTERW 100.00 650.00 11/23/16 11/23 A73607 CUE: 086007 86227 ROTARY BOWL—SPONSORSHIP 001420 112116 WEDC 700.00 1,350.00 NOVEMBER ACTIVITY DB: 800.00 CR: 0.00 800.00 ., 12-05-2016 4:42 PM DETAIL LISTING PAGE: 3 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Nov-2016 THRU Nov-2016 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAM # REFERENCE PACKET....=====DESCRIPTION------- VEND INV/JE # NOTE AMOUNT---- ----BALANCE--.= 5611-56110 COMMUNICATIONS BEGINNING BALANCE 355.14 11/00/16 11/08 A72368 CHK. 085699 85796 INTERNET SERV -- WEDC 004568 210157798912 0C25- 204.76 559.90 11/1//16 11/17 A73202 DFT: 000245 86100 TELEPHONE SVC 000912 8277 NOV16 SATTERW 160.13 720.03 11/23/16 11123 A73609 CHK: 086008 86227 TABLET SERVICE 001797 822495799-07 OCT16 113.97 834.00 NOVEMBER ACTIVITY DB: 478.86 CR: 0.00 478.86 5611-56180 RENTAL BEGINNING BALANCE 4,694,00 11/08/16 11/08 A72365 CHIC: 085694 85796 COPIER RENTAL WEDC 003509 95837 WEDC 1.94.00 4,888.00 11/23/16 11/23 A73654 CHK: 086023 86230 DECEMBER '16 RENT 003231 111816 DEC16 2,250.00 7,138.00 NOVEMBER ACTIVITY DB: 2,444.00 CR: 0.00 2,444.00 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 0.00 11/17/16 11/17 A73202 DFT: 000245 86100 ICSC PRKG-SATTERWHIT 000912 8277 NOV16 SATTERW 15.00 15,00 11/1//16 :11/17 A73202 DFT: 000245 86100 BUS MTG-JAMERSON 000912 8277 NOV16 SATTERW 14.08 29.08 11/17/16 11117 A731.80 DFT: 000245 86094 TEDC REG - GREINER 000912 8277 NOV16 GREINER 500.00 529.08 11/17/16 11/17 A73180 DFT: 000245 86094 TEDC PRKG-GREINER 000912 8277 NOV16 GREINER 15.00 544.08 11/17/16 11/17 A731.80 DFT: 000245 86094 TEDC TAXI-GREINER 000912 8277 NOV16 GREINER 31.05 575.13 11/17/16 11117 A73180 DFT: 000245 86094 TEDC MEAL-GREINER 000912 8277 NOV16 GREINER 22.44 597.57 11/17/16 11/17 A73180 DFT: 000245 86094 TEDC MEAL-GRIENER 000912 8277 NOV16 GREINER 1.99 599.56 11/17/16 11/17 A73180 DFT: 000245 86094 TEDC HOTEL-GREINER 000912 8277 NOV16 GREINER 476.34 1,075.90 11/17/16 11/17 A73180 DFT: 000245 86094 TEDC MEAL-GREINER 000912 8277 NOV16 GREINER 19.24 1,095.14 11/17/16 11/17 A73180 DFT: 000245 86094 TEDC MEAL-GREINER 000912 8277 NOV16 GREINER 25.11 1,120.25 11/17/16 11/17 A73202 DFT: 000245 86100 BUS MTG-JAMERSON 000912 8277 NOV16 SATTERW 16.68 1,136.93 11/17/16 11/17 A73202. DFT: 000245 86100 BUS MTG-EVANS,SATT,H 000912 8277 NOV16 SATTERW 131.53 1,268.46 11/17/16 11/17 A73202 DFT: 000245 86100 TEDC-SATT-TAXI 000912 8277 NOV1.6 SATTERW 30.65 1,299.11 11/17/16 11/1/ A73202 DFT: 000245 86100 TEDC MEAL- SATTER 000912 8277 NOV16 SATTERW 19.00 1,318.11 11/17/16 11/17 A73202. DFT: 000245 86100 TEDC TAXI -SATTER 000912 8277 NOV16 SATTERW 32.38 1,350.49 11/1.7/16 11/17 A73202 DFT: 000245 86100 TEDC-MEAL-SATTER 000912 8277 NOV16 SATTERW 9.20 1,359.69 11/17/16 11/17 A73202 DFT: 000245 86100 TEDC HOTEL-SATTER 000912 8277 NOV16 SATTERW 457.59 1,817.28 11/17/16 11/17 A73224 GET: 000245 861.02 TEDC REG - SATTERWHI 000912 8277 NOV16 WYGANT 590.00 2,407.28 11/17/16 :11/17 A73224 DFT: 000245 86102 TEDC AIR-SATTERWHrTE 000911 8277 NOV16 WYGANT 341.94 2,749.22 11/17/16 11/17 A73224 DFT: 000245 86102 TEDC AIR-GREINER 000912 8277 NOV16 WYGANT 78.98 2,828.20 11/28/16 11/28 A73690 CHK: 086029 86250 111516 PARKING 000317 111.516 PARKING 34.00 2,862.20 11/28/16 11/28 A73693 CHK: 086025 86250 110816 TAXI 004514 110816 TAXI/UBER 12.89 2,875.09 11/28/16 11128 A73693 CHK: 086025 86250 110816 UBER 004514 110816 TAXI/UBER 39.00 2,914.09 NOVEMBER ACTIVITY GB: 2,914.09 CR: 0.00 2,914.09 ~ _ 1z-05-201.6 ^.^z pm o o r A z c 1, z o r r x o r^no. 4 rvmo . 111-WzLzo EcnmoMzo oovoL CORP poazoo TO USE. m°.- ozo Txav m".- ozo msrr . vzz uomzLvcMomc come oouc ac000nro. 561.1-5/010 ,amo 561.1-5891.0 povr DATE rRAm x moropmwco PACKET --Doncazprrom---- ,omn zm,/Jo o mnzo - 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---mwnnT -------- -------------------------------------------------------------------------------------------------------` ---- --------- -- sozz 5,110 oEar noavzCs u m c z m m z m s BALANCE 0.00 ------------------------------------------ 5611-57410 PRINCIPAL uxrmczv^L pu,womr u o s z m m z m n y a L u u c o 52'51.8.60 zz/ux/zs 11/07 o54037 e"u DEL 110216 zouza JE25067 u&u pMr 11.4 Jo* 025067 7'783.75 60'302.35 11/10/16 11/14 os4z4` onx DEL 111016 1.5036 Jo251.19 p000zcnuu/=azro emr#za Jux 0251,19 5'242�01 65'544.36 11/18/16 11/23 u54370 a"k DEL �1,183.* 1.51.25 oEzszs* wa ruw, pmr *26 Ju* 025254 1.1'741.65 77'286.01 zz/zz/zo 11/23 B54374 e"u oa 112216 151,28 JE25258 vvcovmvm myT *zr Joo 025258 6'590.26 83'o76.2, zz/z3/z6 11/23 o543'15 a"x ort zzcsz« 15129 Jozsxsy oocE cmr x5 Jov ozsuso 1.1'413.09 os'xoo.s* 11/28/16 zz/ol 1154477 a"k nu /mo`o 15161, zoaos^a ovoxox/n^mDACu ,mr#48 Joo 025313 9'663.1.1. 104'952.47 movoaasm ^Crzvzrx ou. 52'433.87 nm, 0.00 sz'«as�nr ------------------------------------------------_________________________________________________ _ ____ 5s1z-s')x'5 znroauuT EXPENSE o o n z m w z m n a a L ^ m c o 11'37s�79 11/02/1.6 11/07 o5 4037 ynx DEL 1-1-021.6 15012 oE25067 u&w myT o14 000 ousom 961�50 12.337.29 1///0/16 11/14 u54143 n"k oct /'`o`o 15036 Jo251.1.9 rmnnrovao/°nzrn p,To,s Jo* 025119 2'140.44 1*'*77.73 11/18/1.6 1.1/23 a543,n onk DEL 1.1.1.n1.6 1-5125 aE25254 wa pn°x rxT *zo Joo ousus« 1'526�28 1.6'004�oz 11/22/16 11/23 o54374 e": ou 11.221.6 151.28 ^E25258 oocuam^m awr 427 Jo« 025258 /41.69 1.6'745.70 zz/ca/zo 1.2/23 a54375 a"u oct 1.1.231.e 1.51.29 zo25259 ouso pwr *s Jo# ouozsy 5'646�72 22'392.42 zz/zo/zv o/vz a54477 a"k DEL 112n16 1.51.61 zoe5313 aonoox/x^mDAc^ myr#48 Jso 025313 «os.ns 22'836�31 mvvsMeon aczzvzzr cm. 11'460.52 ca. 0.00 1.1'460�52 ----'---'-----------------------'---'------------------------- ----------------------- ns1z-s77zo aao moar uxpumoE a E G z m o z x n a u L u m c o 0.00 _________________________________________________________________________________________ 5o`/-sa`,o mmo-pvmcaaon eazoo o o o z m x z m s a ^ L u m c o 0.00 ----^------------------------------ ------ --------------------------------------^--^��------ ---------------- o«1.1-sozzu omvoLvPMEmr r000 a o n z m m z m s o ^ L ^ m c E 0.00 ------------------------------`------------------------------------------------------------------~--------- 5o11-9o,5o LAND-BETTERMENTS n o x z o m z m s n A L ^ w n o o�oo ----------_______________________________________-----------------__________________________________ /z-ms-zn k6 4.42 Pm m s r m z 1, L z o r z w m pmoo' a FUND , o]-WYt,IE ECXMOMXo mEVFL CORP PERIOD TO USE; Nov-201* THRU Nov-2016 omec 611 mmvEzOpuuor oosr`wcoc aucmmmzo: 5611-52010 rHRm 5611-58910 POST DArsrRAw * asFERENC'E PAcK!Er—r-,�,-Dr�SCRzPTTO�N~�,-�--- v"n zmv/,,7E! o NOTE 5611-58210 mcaooca & ALLEYS a u (" r m m n w o BALANCE' *�on ----------------------------------------------- 5611-58410 SANITAVY axmzrmVy oaeaa a a m z w w x m a a m L m m c o 0^00 __________________,____,___________________________________________ 5611-58810 MMPUrW omREo/'SOF7NAM m a m 7 w w z w m a m L xw c y m.mm -------------------~----------------------------------------------------------------- saz1-somsm euewzTuao w rzuruaoa m c s z m n z w a m a 1, A w o a m'om ----~-----------------------------------------------------------------~----------------- mszz-51uyzm mmzawzwmm a s m z w m z w r5 a x c a w o a 0.00 ~-°-^---°-°-~-°---^-°-°--- mmu zsmon's ^° moewmz rnrALm °° -- ou�zr� -- -- oammzra -- ooszmmzmG omcAmooS; 82,*9 3-r5 0.00 nmpomran Aorzvxrv: zza,�7ms,«o 1^926.25nm oNarms msIANCum. 199,6e9.35 1,926.25om TOTAL rwmm smozmc aeLaNnE; 1e,77 3.1m ^ 12-05'201,6 *,4 2mm uorAzc Las11rmr"', paao. , SELECTION Cazroazu ----------------------------------------------------------~-----~~~----------- FIocuL YEAR,. our-2016 samm` x*ulvue. oz pspzmu TO USE,, wu°-zozo ruxu xo.-2016 zmawsurrTouy: Boru ---------------------------------------------------------^-~~~----------------`------- xcovomr ooLscczow ^ccoUmr RANGE; 5611-52010 ronv 5611-5891,e oapxxrmawr axmwo, - 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NO zmc�nmo masrmzcrsm Amcnpura: NO uzmzr osLacrzvm^ ----------------------------------------------------------------_-------------------------------------------------- pRImT vcrzOvm norxzi, ouzz aocnowrr WITH mo ACrzvzru; NO pnzpr srcw*amxncsv mn eaznr vaynon n^ms, NO ppzmr paoamcrS. NO pez*c zunmwxL ENTRY NOTES; mo pazmr aowrsLz rura:m. vuo pozmT onumo TOTALS' NO Pxzuz, zwvozcE # PAGE emc^a BY: wOma -------------------------------------------------------------------------------------- Wylie Economic Development Corporation Balance Sheet Sub Ledger November 30. 2016 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance November 1, 2016 3,584,118.48 ANBTX-88130968 HUGHES/RANDACK(#48 of 60) 10/23/12 10,107.00 129,107.20 9,663.11 443.89 3.99 119,444.09 ANBTX-88130976 WOODBRIDGE PKWY (#27 of 60) 8/15/14 13,267.93 679,551.65 11,741.65 1,526.28 2.61 667,810.00 ANBTX-88148481 BUCHANAN(#27 of 60) 8/13/14 7,331.95 236,082.94 6,590.26 741.69 3.77 229,492.68 ANBTX-88149711 PEDDICORD/WHITE(#23 OF 120 12/12/14 7,382.45 611,555.47 5,242.01 2,140.44 4.20 606,313.46 ANBTX-88158043 K&M/HOBART(#14 of 48) 9/2/15 8,745.25 288,450.66 7,783.75 961.50 4.00 280,666.91 ANBTX-88157334 LINDUFF/EDGE(#5 of 15) 10/21/15 17,059.81 1,639,370.56 11,413.09 5,646.72 4.00 1,627,957.47 November 30, 2016 $52,433.87 $11,460.52 3,531,684.61 Wylie Economic Development Corporation Inventory Subledger November 30, 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. WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report October 2016 DATE PAYEE I AMOUNT) BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT 11/02/16 Cytracom 160.13 Telephone Service NA 10/06/16 Ace Parking 15.00 ICSC-Satterwhite-Parking ICSC 10/13/16 Club Corp 637.86 Dues October Dues 09/07/16 Club Corp 14.08 Business Meeting Satterwhite, Jamerson 09/14/16 Club Corp 16.68 Business Meeting Satterwhite, Jamerson 09/14/16 Club Corp 131.53 Busines Meeting Satterwhite, Herzog, Evans 10/18/16 Yellow Cab 30.65 TEDC-Satterwhite-Taxi TEDC 10/18/16 Michelenos Ole 19.00 TEDC Satterwhite-Meal TEDC 10/19/16 Hyatt Regency San Antonio 9.20 TEDC-Satterwhite-Meal TEDC 10/20/16 United Taxi 32.38 TEDC Satterwhite-Taxi TEDC 10/20/16 Hyatt Regency San Antonio 457.59 TEDC-Satterwhite-Hotel TEDC 10/21/16 Dallas Magic 100.00 Night of Wonder Sponsorship NA TOTAL 1,624.101 I WEDC Assistant Director JPMorgan Chase Expense Report October 2016 • DATE VENDOR PURPOSE AMOUNT 10/6/16 TEDC TEDC-Greiner- Registration 500.00 10/7/16 Ace Parking ICSC-Greiner-Parking 15.00 10/19/16 Diplomat Taxi TEDC -Greiner-Taxi 31.05 10/19/16 Hyatt Regency San Antonio TEDC-Greiner-Meal 22.44 10/20/16 Acenar TEDC-Greiner-Meal 25.11 10/21/16 Blimpie Subs TEDC-Greiner- Drink 1.99 10/21/16 Hyatt Regency San Antonio TEDC-Greiner- Hotel 476.34 10/21/16 Hyatt Regency San Antonio TEDC Greiner-Meal 19.24 Total 1,091.17 WEDC Senior Assistant JPMorgan Chase Expense Report October 2016 I DATE 1 VENDOR I PURPOSE i AMOUNT I 10/5/16 Southwest Airlines TEDC-Satterwhite-Air 341.94 10/6/16 TEDC TEDC-Satterwhite- Registration 590.00 10/6/16 Southwest Airlines TEDC-Greiner-Air 78.98 10/9/16 Tom Thumb WEDC Board Meetin 13.27 10/10/16 McDonalds WEDC Board Meeting Meal 9.95 10/24/16 Amazon Leadership Roundtable- Badges 94.53 10/54/16 Amazon Leadership Roundtable- Badge Inserts 5.74 10/27/16 Kroger Leadership Roundtable- Drinks/Board Mtg Meal 30.81 10/27/16 Kroger Leadership Roundtable- Ice 2.15 10/28/16 McDonalds WEDC Board Meeting 9.95 I Total i 1,177.321 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF NOVEMBER 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 154,328 195,347 197,339 1,992 1.02% OCTOBER 152,545 160,876 201,506 40,630 25.26% NOVEMBER 213,292 226,078 270,426 44,348 19.62% Sub-Total $1,932,632 $2,191,785 $2,481,757 $289,972 13.23% AUDIT ADJ TOTAL $1,932,632 $2,191,785 $2,481,757 $289,972 13.23% WEDC SALES TAX ANALYSIS $300,000 ............................................................................................................................................................................................................................................................................................................................................................................................ $250,000 _ ......._. $200,000 $150,000 -� .r.W i 122015 M2016 100 000 _... _. $50 000 $0 C 1 _y $ & i > > m Q 2 ' -) rn E o E Co D - aii Cl O o o in z Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Billy R, Jarrard, Jr. (Grey's Auto Electric DATE: December 5, 2016 Issue Consider and act upon WEDC Resolution 2016-02 (R) approving Loan Documents between the WEDC and Billy R. Jarrard, Jr. in the cumulative amount of$300,000 for the acquisition of Lot 1,Railroad Industrial Park, an Addition of the City of Wylie, Collin County, Texas,as recorded in Volume C,Page 748, of the Map Records of Collin County,pledging as security the sales and use tax receipts the WEDC receives from the City of Wylie for repayment of said Loan, and further authorizing President Marvin Fuller to execute all documents necessary to effectuate the Loan Documents. Analysis The WEDC is under contract to purchase a 0.29-acre tract from Mr.Billy Jarrard,Jr. for$300,000. Staff had originally negotiated a purchase price of$325,000 and an owner-financed 10 year note at 4.25%. As the Board will recall, the survey came in at 2,365 square feet less than had been anticipated with staff negotiating a$25,000 reduction in purchase price while allowing an increase in the interest rate on the note to 4.5%. The only other issue which is out of the ordinary, but required by the Seller, is a pre-payment penalty equal to the amount of outstanding interest which would be paid over the life of the note. As a review, the acquisition of this tract was pursued by the WEDC so as to prevent haphazard development of the lot located at the corner of Birmingham&78. The adjacent tract to the Jarrard lot is comprised of a 0.55-acre tract owned by Wylie Industrial Court Development, Ltd. and a 0.2-acre lot owned by TxDOT fronting 78. Wylie Industrial Court has the sole right to purchase the TxDOT right-of-way as the only adjacent property owner. While a combined tract of 0.75- acre is relatively small, it can be developed and has been under contract in the past. It is staff's opinion that by combining the Jarrard lot with the adjacent 0.75-acre, more development options will now exist in terms of the number of tenants seeking out lots in excess of one acre, and provide a building pad more efficiently oriented to 78 as can be envisioned on the attached aerial. Being that Jarrard is taking the sales tax as collateral, the WEDC will be able to sell the property without the lot being encumbered. Closing on the tract is scheduled for December 28th. Prior to closing,the Wylie City Council must approve the project and specifically the pledging of the % cent sales tax as collateral which is scheduled for consideration on December 13, 2016. Also, required prior to closing will be the WEDC- Jarrard December 5, 2016 Page 2 of 2 execution of an Agreement by Jarrard subordinating his Note to all existing and future loans between the WEDC and American National Bank. The Board will note that the Loan Documents are not a part of this report. Staff is waiting on documents from Abernathy, Roeder which has been solely focusing on the Dallas Whirlpool project up until closing which was December 2'd. Recommendation Staff recommends that the WEDC Board of Directors approve WEDC Resolution 2016-02 (R) approving Loan Documents between the WEDC and Billy R.Jarrard,Jr.in the cumulative amount of$300,000 for the acquisition of Lot 1,Railroad Industrial Park,an Addition of the City of Wylie, Collin County, Texas, as recorded in Volume C, Page 748, of the Map Records of Collin County, pledging as security the sales and use tax receipts the WEDC receives from the City of Wylie for repayment of said Loan, and further authorizing President Marvin Fuller to execute all documents necessary to effectuate the Loan Documents. Attachments Resolution Survey Aerial RESOLUTION NO. 2016-02(R) RESOLUTION APPROVING A PROGRAM AND THE EXPENDITURE OF FUNDS BY THE WYLIE ECONOMIC DEVELOPMENT CORPORATION AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT. WHEREAS,the Wylie Economic Development Corporation(the"Corporation")has been incorporated and exists and operates as a duly constituted authority and instrumentality of the City of Wylie, (the "City"), pursuant to Chapter 501 of the Texas Local Government Code (the "Development Corporation Act" or"Act"), and governed as a Type A Corporation under the Act and Chapter 501 and 504 of the Texas Local Government Code, is qualified to do business,and in good standing; and WHEREAS, no proceedings for forfeiture of the certificate of incorporation or for voluntary or involuntary dissolution of the Corporation are pending; and WHEREAS, neither the articles of incorporation nor the bylaws of the Corporation limit the Board of Directors to adopt this Resolution; and WHEREAS, the City which is the authorizing unit for the Corporation, as required by Chapter 501 of the Texas Local Government Code, must authorize said program and expenditure of the Corporation; and WHEREAS,the Wylie Economic Development Corporation Board of Directors finds and determines that it is appropriate to approve the Project as an authorized program and expenditure of the Corporation; and WHEREAS, the Corporation approves the terms and conditions of the Loan Documents, including but not limited to, a Promissory Note and Security Agreement in order to finance the purchase of Lot 1, Railroad Industrial Park, an additional of the City of Wylie, Collin County, Texas, as recorded in Volume C, Page 748 of the Map Records of Collin County (the "Project"), in the amount of$300,000 from Billy R. Jarrard,Jr.in order to promote economic development in the City of Wylie; and WHEREAS, the President, Marvin Fuller, is hereby authorized in the name of this Corporation and as its own act to execute the Promissory Note, the Security Agreement and all other documents necessary to finance the Project and to pledge the Corporation's sales and use tax receipts as security for such Note; and WHEREAS, the Secretary of the Corporation is directed to certify the minutes of this meeting and the contents of these resolutions and to deliver the certification in support of the authority of the Director named above to act on behalf of this Corporation. NOW, THEREFORE, BE IT RESOLVED BY THE WYLIE ECONOMIC DEVELOPMENT CORPORTION BOARD OF DIRECTORS: SECTION 1: The recitals set forth in the preamble hereof are incorporated herein and shall have the same force and effect as if set forth in this Section. The undertaking of the Projects and the expenditure and pledging of funds of the Corporation in connection therewith are hereby approved. SECTION 2: This Resolution shall take effect immediately upon its passage. DULY PASSED AND APPROVED by the Board of Directors of the Wylie Economic Development Corporation on this 7th day of December, 2016. Marvin Fuller,President ATTEST TO: John Yeager, WEDC Secretary Legal Description Lot 1, Railroad Industrial P ...................�... ark, an Addition to the City of Wylie, Collin County, Texas, according to the map or plat thereof recorded in Volume C, Page 748 of the Map Records of Collin Count(, Texas. A A=96.32' R=108.35' .. D=50°56'12" B=N54°2202'" Ctaa C=93.18' uadxr• ?/ I 4. ass' r n / " /f° 2 // /l / /,' !r, ,' "'c. 1 Mdua4' ...r' ,�+"" ^,,. Aline Ellis �. "�/ „LOT 1. ,r Vol./ 1407,, Pg. 237, ccAIR trgu kis . yk rkk' a n , / / 14 / 74 / / 1 P „, QoQ 22 Rep Vot2f Railroad6, Indu526, Col Pork N Vol% 2006, Pg. 526, CCA/R 0 20 40 G tit 11 Scale: 1"=20' aria; I, F.E. Bemenderfer, Jr., do hereby certify to:Billy R. Jarrard, Jr., 8 Z4w iconeinie erne Development Corperntion., Lawyers Fitla Compritty acid Fidelity Mahood Title ''C`i• honseteas Coselpemy that (1)this survey was made upon the ground of the Property described herein on October 5, 2016 by myself or under my supervision, (2) the description contained hereon and the location of rights-of-way, visible easements,set-back lines, visible improvement, and encroachments,that I have knowledge of or hove been informed l)F" of are accurately reflected hereon, (3) all monuments shown hereon actually exist and the 1 0 t` ,kS1r P location, size and type of material thereof are correctly shown, (4) No part of the subject j ,,yqr,. I. property lies within a Special Flood Hazard Area inundated by 100-year flood per Map ° Number 48085C 0420J of the F.E.M,A. Flood Insurance Rate Maps for Collin County,Texas FL sei'E, & Incorporated Areas dated June 2, 2009, (Zone X). (5) the property reflected hereon has ;p` "`,�. ' access to Jackson Street, (6) the relationship of the Property to all contiguous real estate ,;01 4051 qw is correctlyshown hereon. a..• IauP' Revised:October 17(Title Commitment) P,VC,\,2016184'1 AC836465.d deg Noted: 1) Source bearing per Railroad Industrial Park, an addition to the City of Wylie as ,�w been inVolume C, Page lit of thel Collinm Ct enty Map R 191ds.35 2)This surveyi has ♦ Room e been performed with the benefit of Title Commitment GF No. 19135-1913502655 issued Al October 12, 2016. 3) CM is a controlling monument. 4) Surveyor's signature will appear ilk in red ink on certified copies. 5) Esm't. to Gulf Refining Company and Gulf Oil Corporation Land Surveying in Vol. 308, Pg. 110 does not affect the subject property. 6) Esm't. to Finis Roberts, Jr. NI 2000 Avenue G,Suite 810 and Joy A. Adams, Partnership to allow for an encroaching concrete driveway is not I Plano,Texas 75074 necessary because the driveway no longer encroaches. 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' %,'r/ 1 if % / W 'r °' %;/ i ,� rm,,, � � 42 f" / ,II w " �ikW%6l;' 0 rr„ w; ! i , , „V, p N 'IN'ui *W 1 ' fifg)7'' "" 00'''!1,11,1,rill ;)1'/,',f' "';'''',, ', % r d ;,;,/jJ„i, /„'r f I tlII„N' � ''�III 'llll,�', , I I,,„" m fil'i.4: vtiiii,,iii(at!it ''')0h )j F '1 ittlffr ,',, /.,'f,Y)t, ,00°'''',N y,,0,),t if* " � �� 10D�1% /lr fl�p/'S lI m,I1r IMIAMff % 1„ G )J ' �, s0/I /J� fA ' N ,i ?y � "'I' jv',h,,l�l' � N W0�� Ja I a �u I"Y1 n =�iIIuI a AP,,,�� „Rury 'liVi '` 4 Wylie Economic Development Corporation ININNO MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Dircctu SUBJECT: Reva Hospitality Wylie LLC DATE: December 7, 2016 Issue Consider and act upon a Performance Agreement between the WEDC and Reva Hospitality Wylie, LLC. Analysis Reva Hospitality Wylie, LLC initially came to the WEDC in an attempt to evaluate options surrounding the construction of a new hotel in Wylie. Following direction from the WEDC Board in Executive Session, and an oral commitment by WEDC staff for assistance, Reva Hospitality Wylie entered into a contract on the property. Reva Hospitality Wylie plans to construct a $9.2 million dollar, four story, 60,000 square foot hotel at the southwest corner of FM 544 and Sanden Blvd. The hotel will either be a Hampton Inn & Suites or a Holiday Inn Express & Suites. Should the project move forward, construction will begin within the first quarter of 2017 with an estimated completion date prior to December 31, 2017. Reva Hospitality Wylie requested that the WEDC provide economic assistance with qualified infrastructure improvements for the project. The attached Agreement proposes a total maximum incentive of$450,000 which is broken down as follows: Incentive No. 1. .................... . .................. ....m..._ ......... ........$100,000 > Acquisition of title to the property by January 31, 2017 > Certificate of Occupancy by December 31, 2017 ➢ Qualified Infrastructure expenditures verified at no less than$450,000 Additional Incentives ....._up to $350,000 > Quarterly reimbursement incentives equal to 50% of the Local Hotel Occupancy Taxes paid to the City of Wylie. WEDC-Reva Hospitality Wylie Performance Agreement December 7, 2016 Page 2 of 2 Should Reva Hospitality Wylie fail to obtain a permanent Certificate of Occupancy by December 31, 2017, but does obtain such Certificate of Occupancy by June 30, 2018, the Reimbursement Incentives will be reduced by $100,000, making the total eligible Reimbursement Incentive $350,000. In the event Company fails to obtain the permanent Certificate of Occupancy for the Improvements by June 30,2018,or fails to meet the balance of the Performance Obligations,none of the Reimbursement Incentives shall be paid to the Company and this Agreement shall terminate. Based upon a $4 million appraised valuation using an income approach and conservative sales estimates from Reva Hospitality, the project's estimated return on investment is relatively short (approx. 18 months). Staff Recommendation Staff recommends that the WEDC Board of Directors approve a Performance Agreement between WEDC and Reva Hospitality Wylie, LLC providing for a maximum incentive of$450,000 and further authorizing the WEDC Executive Director to execute said Agreement. Attachments Performance Agreement PERFORMANCE AGREEMENT Between Wylie Economic Development Corporation And Reva Hospitality Wylie LLC, a Texas limited liability company This Performance Agreement (the "Agreement") is made and entered into by and between the Wylie Economic Development Corporation ("WEDC"), a Texas corporation organized and existing under Chapter 501 of the Texas Local Government Code, known as the Development Corporation Act, as amended from time to time (the "Act") and Reva Hospitality Wylie LLC, a Texas limited liability company ("Company"). RECITALS WHEREAS, Company proposed to acquire title to that certain tract of property located within the corporate limits of the City of Wylie, Texas (the "City"), consisting of approximately 2.4 acres, located in Wylie, Texas, as more fully described in the attached Exhibit A (the "Property"); WHEREAS, the Company plans to construct a $9.2 Million Dollar Hampton Inn & Suites or a Holiday Inn Express & Suites hotel on the Property that will have four (4) stories, contain approximately 60,000 square feet with not less than 98 hotel rooms (the "Improvements"); WHEREAS, Company has requested financial and/or economic assistance from the WEDC to plan and construct certain infrastructure improvements to assist in the development of the Property, consisting of economic assistance for all hard and soft costs relating to the construction of public and site improvements on or adjacent to the Property; WHEREAS, Section 501.103 of the Act states that the WEDC may provide funding for expenditures that are found by the Board of Directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises, limited to streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements (the"Qualified Infrastructure"); and WHEREAS, Company proposes to use the economic incentives for the construction of the Qualified Infrastructure which will include approved public infrastructure improvements and site improvements as may be amended from time to time, necessary for the development of the Property and which will benefit the surrounding properties, as generally described in the attached Exhibit B; and WHEREAS, the WEDC has found that the Qualified Infrastructure is necessary to promote or develop new or expanded business enterprises in the City and the WEDC has concluded that the Qualified Infrastructure constitutes a "project", as that term is defined in the Act, and is willing to provide Company with economic assistance as hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement; and 2039075v2 1 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 commercial properties within the City; and WHEREAS, the WEDC is willing to provide the Company with economic assistance hereinafter set forth on the terms and subject to the conditions as stated herein and Company is willing to accept the same subject to all terms and conditions contained in this Agreement. NOW, THEREFORE, for and in consideration of the above recitals and the terms, conditions and requirements hereinafter set forth,the parties hereto agree as follows: 1. Economic Assistance. Subject to the terms of this Agreement and provided Company is not in default, the WEDC will provide Company economic assistance in the form of performance reimbursement incentives ("Reimbursement Incentives") upon completion of the Performance Criteria set forth below. The WEDC will provide the following Reimbursement Incentives: a. The WEDC shall provide an economic incentive to the Company equal to the sum of$100,000, upon the issuance of a permanent Certificate of Occupancy for the Improvements and satisfaction of all of the Performance Criteria (the "Initial Incentive"). The WEDC shall provide additional economic incentives to the Company in an amount equal to fifty percent(50%) of the Local Hotel Occupancy Taxes ("Hotel Taxes")paid by the Company and received by the City generated from the Property for the period beginning on the Start Date (as defined below in Paragraph b) and ending on the day prior to the six (6) year anniversary of the Start Date. The total Reimbursement Incentives to be paid to the Company, including the Initial Incentive, shall not exceed the cumulative sum of$450,000. b. The "Start Date", as used herein, shall be the date that is six (6) months after the City issues a permanent Certificate of Occupancy for the Improvements being constructed on the Property. The Certificate of Occupancy shall be issued not later than December 31, 2017; c. The payment of the Reimbursement Incentives associated with hotel taxes shall take place on a quarterly basis and shall be supported by a written report provided by the City, or other written statement in a form reasonably acceptable by the WEDC, verifying the collection and the amount of the Hotel Taxes received by the City relative to the Project. 2. Performance Obligations. The WEDC's obligation to pay Company the Reimbursement Incentives stipulated above is expressly contingent upon Company completing the following items (the "Performance Criteria") by the due dates set forth below: a. The Company acquiring title to the Property by no later than January 31, 2017; and 2039075v2 2 b. The Improvements for the hotel shall be completed (as evidenced by a permanent Certificate of Occupancy) no later than December 31, 2017. The Company may not change the franchisor of the hotel unless approved in writing by the WEDC; and c. Company, at its cost, shall have completed the Qualified Infrastructure by the Start Date with a minimum cost of Four Hundred Fifty Thousand Dollars ($450,000.00). Notwithstanding the foregoing, in the event the Company fails to obtain a permanent Certificate of Occupancy for the Improvements by December 31, 2017, but does obtain such Certificate of Occupancy by June 30, 2018, the Reimbursement Incentives will be reduced by $100,000.00, making the total eligible Reimbursement Incentive $350,000.00. In the event Company fails to obtain the permanent Certificate of Occupancy for the Improvements by June 30, 2018, or fails to meet the balance of the Performance Obligations in this Section 2, none of the Reimbursement Incentives shall be paid to the Company and this Agreement shall terminate. 3. Transfer of Property. The WEDC acknowledges and agrees that in connection with the development of the Project and Improvements, certain portions of the Property may be sold to third parties. Notwithstanding the foregoing, no third-party purchaser of any portion of the Property shall be deemed an assignee or successor under this Agreement (unless this Agreement is specifically assigned to such third party by Company), nor shall any such third party have the right to receive the Reimbursement Incentives unless such Reimbursement Incentives are assigned in writing by the Company to such third party, and approved in writing prior to such assignment, with approval of said assignment at the sole and absolute discretion of the WEDC. The WEDC further acknowledges and agrees that whether or not Company owns all of the Property, the Reimbursement Incentives payable to Company shall be calculated based on the Hotel Taxes received by the City from the Property. 4. WEDC Payment of Reimbursement Incentives. a. Subject to the terms and conditions of this Agreement, except for the Initial Incentive which shall be paid by WEDC to the Company within thirty(30) days of the issuance of the Certificate of Occupancy for the Improvements, the WEDC will pay the Reimbursement Incentives to Company on a quarterly basis as set forth in paragraph 4(b) below, beginning on the earlier of the month of March, June, September, and December following the date Company meets the qualifications set forth in Paragraph 2 above and continuing each quarter thereafter on the months set forth above, provided Company meets the qualifications set forth in Paragraph 2 above until the Company fails to meet any future requirements,the Term ends, or this Agreement is earlier terminated. b. The parties agree that the dollar amount of Hotel Taxes eligible for the Reimbursement Incentives payable to Company will be derived from hotel tax information furnished by the City each quarter. The WEDC shall pay Company a portion of the Reimbursement Incentive each quarter of the calendar year equal to the Hotel Taxes received by the City from the Property during the previous quarter, within forty- five (45) days of receipt of the City's share of the Hotel Taxes revenue from the Company for the Property. Company agrees to allow the WEDC to obtain hotel tax information collected from the hotel on the Property. 2039075v2 3 c. In the event the State of Texas determines that the City erroneously received hotel tax receipts, or that the amount of Hotel Taxes paid the City exceeds the correct amount of the Hotel Taxes for a previous taxable year for which Company has received any Reimbursement Incentives payment, Company shall reimburse such overpayment to the WEDC within thirty (30) days following such determination for such incorrect amount accordingly. d. In the event additional Hotel Taxes are due and owing by such occupant, as determined by or as approved by the City for a previous tax year and such additional taxes are paid and received by the City, then the Reimbursement Incentives for the succeeding tax year shall be adjusted upward to reflect such additional taxes payable by the Company. e. In the event of any legislative or judicial interpretation that limits or restricts the WEDC's ability to fund the Reimbursement Incentives provided or otherwise extracts, imposes any penalty, or other restriction, the WEDC and Company will agree to work together in good faith to provide the Company with a reasonably equivalent value, to the extent permitted by law, and to otherwise accomplish the purpose of this Agreement. 5. Default; Opportunity to Cure. The WEDC's obligation to pay any portion of the Reimbursement Incentives to Company will terminate or be reduced if Company defaults by not completing the Performance Criteria as set forth in Section 2 of this Agreement. With the exception of the Performance Obligations in Section 2, a default as provided herein will only occur if a defaulting party fails to cure a failure to comply with the terms of this Agreement within thirty (30) days after written notice from the non-defaulting party describing such failure, or if such failure cannot be cured within such thirty (30) days, if the defaulting party fails to commence such cure within such thirty (30) day period and fails to continuously thereafter diligently pursue such cure. In the event Company fails to comply with the terms of this Agreement, except as otherwise provided herein, the WEDC shall have the right to terminate this Agreement. In any legal proceeding brought to enforce the terms of this Agreement, the prevailing party to any dispute arising out of the enforcement of this Agreement shall be entitled to recover the losing party reasonable attorney's fees, expenses and permitted by Section 271.159 of the Texas Local Governmental Code. 6. Termination of Agreement. This Agreement may be terminated by mutual written consent of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in this Agreement, subject to the rights of the parties to cure any failure as set forth in Section 5 above. 7. Mortgage Protection. This Agreement shall not prevent or limit Company (or any third-party owner of any portion of the Property), in any manner, at Company's sole discretion, from encumbering the Property or any portion thereof or any improvement thereon by any mortgage, deed of trust or other security device. Any Mortgagee shall also be entitled to the following rights and privileges: a. Neither entering into this Agreement nor breach of this Agreement shall defeat, render invalid, diminish or impair the lien of any mortgage, deed of trust or other security device made in good faith and for value,unless otherwise required by law. 2039075v2 4 b. Any Mortgagee who comes into possession of the Property, or any part thereof, pursuant to foreclosure of the mortgage or deed of trust, or deed in lieu of such foreclosure, shall take the Land and any improvements constructed thereon, or part thereof, subject to the terms of this Agreement. Notwithstanding any other provision of this Agreement to the contrary, no Mortgagee shall have any obligation or duty under this Agreement to perform any of Company's obligations or other affirmative covenants of Company hereunder, or to guarantee such performance; provided, however, that to the extent that any covenant to be performed by Company is a condition precedent to the performance of a covenant by the WEDC, the performance thereof shall continue to be a condition precedent to the WEDC's performance hereunder. 8. Economic Assistance Termination. Notwithstanding the terms of this Agreement, the WEDC's obligation to pay a portion or all of the Reimbursement Incentive to Company will expire upon the earlier of(i)the full payment of the Reimbursement Incentives, or (ii) six (6)years from the Start Date. 9. Miscellaneous. a. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of the Act, which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with the Act,the Act shall prevail. b. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. c. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns. This Agreement shall not be assignable by Company without the prior written consent of the WEDC, which consent will be at the sole and absolute discretion of the WEDC. d. Any notice required or permitted to be given under this Agreement shall be deemed delivered by hand delivery or 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 party hereto might specify in writing: WEDC: Mr. Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, TX 75098 With copy to: Abernathy, Roeder,Boyd and Joplin, P.C. 1700 Redbud Blvd., Suite 300 McKinney, Texas 75069 Attention: Mr. G. Randal Hullett 2039075v2 5 COMPANY: Reva Hospitality LLC Mehul Gajera, Member 2591 Dallas Parkway, Ste 300 Frisco, Texas 75034 e. 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 the parties hereto. f. Notwithstanding the foregoing, Company shall have such additional time to complete any obligations hereunder, including without limitation those set forth in Section 2, as may be required in the event of "force majeure" so long as Company is diligently and faithfully pursuing completion of the facility. For purposes of this Agreement, "force majeure" shall mean any contingency or cause beyond the reasonable control of Company including, without limitation, acts of God, acts of the public enemy, hostile action, war, riot, civil commotion, insurrection, governmental or de facto governmental actions (unless caused by acts or omissions of Company) or restrictions, fires, explosions, or other casualty, condemnation proceedings, any strike(s), walkout(s), or labor dispute(s), the ability (other than financial ability) to obtain labor or materials or reasonable substitutes therefore, floods, strikes, and action of the elements including, without limitation, inappropriate temperature conditions, rainfall or other interfering precipitation or weather conditions. g. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. h. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision thereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. i. Each signatory represents this Agreement has been read by the party for which this Agreement is executed and that such party has had an opportunity to confer with its counsel. j. Time is of the essence in this Agreement. k. The parties agree this Agreement has been drafted jointly by the parties and their legal representatives. 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. 2039075v2 6 WEDC Board approved this day of , 2016, the Effective Date. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas Corporation By: Marvin Fuller,President COMPANY: Reva Hospitality Wylie 1,I,C, a Texas Limited Liability Company By: Mehul Gajera, Member Exhibits: Exhibit A - Legal Description of the Property Exhibit B - Project Description 2039075v2 7 r PROPERTY DESCRIPTION: -_ S fa BEING a 2.475 acre tact of land situated in the Duke Strickland Survey,Abstract No.841,Collin County,Texas,and being pert of a called 34.412 acre tract of land to =§. (Less end Except a 2 791 acre Tract 1 end a 3.244 acre Tract 2,leaving a remainder tact of 28377 acres)described in deed to Parker/Scholz Properties,LTD,recorded as Instrument No.20081209001409140,Official Public Records Collin County,Texas(OPRCCT),and being more particularly described as follows: 1L BEGINNING at a 1/2"iron rod with■yellow plastic cap stamped"RPLS 3963"found for corner in the future west right-of-way line of Sander Boulevard(110'ROW) at the southwest corner of a called 0.476 acre trace described in a deed to Porker/Scholz Properties,LTD,recorded as Instrument No.20081209001400130,OPRCCT, ' common to the southeast corner of said 28.377 acre tract,said point also being the northeast corner of Lot 1,Block A of Boyce Addition,an addition to the City of i. Wylie,Collin County,Term,recorded in Cabinet Q,Page 471 of the Plat Records of Collin County,Texas; ,-A THENCE South 86°35'29"West,,along the common line of said 28.377 acre tract and said Bayco Addition,a distance of 438 63 feet,to a 12"iron rod with cacfc RAY a yellow plastic cap stamped"RPLS 3963"found for corner at the southeast corner of a 2.452 acre tract described in a deed to Karma Hotels,LLC.,recorded as z . a Instrument 20151215001557690,OPRCCT; e THENCE North along the east line amid 2.452 acre tact,at 227,96 feet,posing a 1/2"iron rod with a yellow plastic cap stamped"RPLS 3963"found for corner at 50 0 50 100 the most southerly northeast corner thereof,and continuing for a total distance of 263.96 feet to a 5/8"iron rod with a yellow plastic cap stamped"RPLS 3963"set for coma: SCALE IN FEET THENCE East,a distance of 420.73 feet to a 5/8"iron rod with a yellow plastic cap stamped"RPLS 3963"set for corner in the common line of said 28377 acre met 1" = 50° end said 0.476 acre tract and said future west right-of-way line of Sand®Boulevard; THENCE South 04°07'04"East,along last mentioned common line,a distance of 238.50 feet to the Place of Beginning and containing 2.475 acres of lend. wane(C2 NOTES: _ i 1. Bearings are based on lams State Plane Coordinates.Projection:Stare Mane NAD83 Texas North \ 1 Central Zone 4202,Lambert Conformal Conic Feet(7X83-NCF). 1 1 2. This survey wuprepared with the bane(rcol77e%Commitment OF No. / 1 ROALT 9983S-1913502863-BC (C effective dare of 13,2046,issued on r0 a A CALLED xtua Ae DUCT DUES STRACIIJNO.SURVEY 3 (tus IMF A AC MCI-AND A s244 AC ABSTRACT NO.e41 1 i November22,2016.No research of record easements has been performed on MCI;LEAVINGman ore DAD t 3 these tracts since the effective dares of thepalcy mentioned above. evs R.roxaer2oeam rsc € l I avrccr ) 3. By graphical planing this parcel lies within Zone Xand no part of the parcel r 7-. 1 S €R. described hereon lies within Special Flood Hazard Area(SPHA)Zone AE" - - -- , .P € as delineated on the Collin County,Texas and Incorporated Areas,Flood t Insurance Rate Map,Map Number48085C042%dated lune2,2009,as _ '2 I-; published the FederalEme n Marta menrA n andrevisedb cd�stte t, Rr 9� Fa try Age'cY 8e 8e 4' Y m ME rUv a.=r Letter of Map Revision(LOMR)Case No.10-069838P,effective dare -- —g s ax 1 € ' 1 December30,2010 The Surveyor utilized the above referenced flood in 1/2'BrYC T 1 - 1 information for this determination and the Surveyor does nor rem*that (�) 1 Y B revisedfloodplain information has or hunat been published by the Federal 1It 1 1 Z 1 Emergency Management Agency arsome other source i '0 0 SD C9 9 4. At the rime ofsu y no buildings were located on subject property. I at, D 1 11r_ 1 a 1 c* 1 ' te t gg e, 1 � ,t 1 > 1 4 TITLE COMMITMENrNOTES, N ' 2.475 ACRES OR , re y 1 Q } wtaux rror¢s uc (107,830 SQ. FT.) I = 1 i 7 2Tl opk fzso e-3s/7TTL F 56(5 INSD.2 rentC. ra9mao t 1 _ 20fAN. 1*;z( cu.�sswE0 50i fr x € :. r art, f,asv,Vol cA r 1101e, 1 p ao 1 ) I 1 ray yarEly(�t Eaa'AD:/WXE(rCEJ Z { ro t } tompoean'Omemp't sL 6s13.' .P15,S6Mg ! .c ! Te y141My€mint,l 1S1YPE-MO l ) j 70 surr to 4 Ewi l:sf FW(I#l I __ 4I 1 S �ryfsm ss rt EWE 512a,Pp.Ma j u 1 i t tEScrEage. wetEAL,YDREDR agar 200 e21 sr 560'20(TO p) 1 10.0010s�L Mane 0t00000017AMJu 500) �' ,f an. ravo 70" 'AI (r 1 1 RantaVecartaywynyt bug 201OQ5M R5 ,M 2. Thebjectnc flandis affected by thefnlotving: PA' _:._ 7 I (al Mineral Rights,Instr.2008120�#1400170(10n) 7/2 ffi -- - - •.T 01,1 70 Oncor Electric Delivey,Company,LLCEasemene Man. _ - I t --® —m —--- --_ I 201207as000@99560(90a)shown _„ �- _a.ffi -01t T OF 1 __ s"mom.PAVEMENT t me — ---� BEGINNING 3. Lease for coal,lignite, oft, gas or other minerals. Vol. 147r.Pg.288(10r) _�.�. �..a. - No further search of title has been mode as to the fnterest(s)evidenced by this instrument, and the Company makes no representation as to the AMC, ownership or holder of such interest(s). LOT'1.SOLOaarA a0 - CAC a.PC471I I,RobertC Myers,Registered Professional Land Surveyor,do hereby certifythat r(v's LEGEND- -- ,weer plat represents the results of a survey made on the ground under ysupervsion during month of December,2015 and substantia/(y complies with the current Texas leas 5(a'IRON ROD SET WITH YELLOW Society of Professional Surveyors Standards and Specifications(era Category 1A CAP STAMPED'RPLS 3953' a�aa Condition I!Survey. --__-___ _ ' I I I IRE 1/2'IRON ROD FOUND -.. _81 fAFYC 1(PSTAMPE ROD FOUND 39S3'WITHYELLO6V R.C. MYERS SURVEYING LLC CATEGORY 1A t 9F)f, CRP STAMPED'APL53963' 7 i 9i { CM CONTROL MONUMENT ' CONDITION II SURVEY 7 EH FIRE HYDRANT "Registered Professional Land Surveyors" OF —a t 488 ARROYO COURT (214)532-0636 Voice3 es; PP POWER POLE SUNNYVALE,TEXAS 75182 (972)412-4875 Fax A CCT PRELIMINARY FOR REVIEW ONLY,NOT TO BE T+- ,V,RCCT MAP RECORDS,COLLIN COUNTY,TEXAS Robert"Calvin.Myers,RPLS 3903 Z.Y�J ACRES —a RECORDED FOR ANY PURPOSE-RELEASED 12-05-16 '- ail rcrnaurveyingegmellmm Finn No.10192300 __ OPRCCT OFFICIAL PUBLIC RECORDS, _ SITUATED IN THE - M. ROBERT C.MTERS 9-P.LL,. ..S963 COLLIN COUNTY,TERRS Client PARKER/SHOLTZ—E— OVERHEAD ELECTOCUNE DUKE STRICKLAND SURVEY,ABST.NO.841, -X- FENCE Job No.:314E 'Drawn by:JOY !Date:12-03-16 Revised: i CiTY OF WYI JE,COWN COUNTY,TEXAS D EXHIBIT B Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite,Executive Director SUBJECT: Staff Report DATE: December 5, 2016 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, W&M Activity Report, Dallas Whirlpools, Ltd Property, Performance Agreement with FLM Development LLC, Highway 78 WEDC Pad Sites, WEDC Annual Report, B&B Theatres Operating Company Performance Agreement,Promotional Activities,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: ACG Texas LP, 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, McClure Partners, Patna Properties, VIAA Properties, Von Runnen Holdings, Wedge Corporation, Woodbridge Crossing, and Wylie Flower& Gift. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through November 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. $3,911,460.60 in reimbursement has been earned through November 2016 with net receipts of $3,133,319.57 after reimbursements. As well, it is estimated that $3.5 mm has been paid in ad WEDC- Staff Report December 5, 2016 Page 2 of 3 valorem taxes to the City of Wylie (excluding the WISD). As shown on the Sales Tax Reimbursement Report, $119,713.90 was generated in sales tax in September 2016 versus $108,521.03 in September 2015. This represents 10.31%increase over 2015 receipts. W&MActivity Report 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, 111 N. Ballard,908 Kirby,201 Industrial Court,is processing the VCP application for the Commerce property, and processing the Municipal Setting Designation through the City. Dallas Whirlpools, Ltd Property Approximately 2 weeks past the original closing date, the WEDC has finalized the purchased of 4.7 acres from Dallas Whirlpool, Ltd. The primary delay was a result of an existing tenant and our requirement that they execute an estoppel certificate indicating that there will be no future maintenance of the building through the end of their lease which expires on 4-30-17. To secure the estoppel and subsequent amended lease, the WEDC was required to forgo the collection of three month's rent, or$9,000. Staff will be moving forward with demolition of the structure on the southeast corner of the site in late December/early January along with some general clean-up of the property which will include high weeds, chain-link fences, and various debris. A concept site plan is currently being prepared for the WEDC&City properties which will include 2 pad sites fronting 544 with office/flex space to the north and wrapping around to Commerce Street. Finally, the VCP and MSD applications have been amended to include the 4.7 acre WEDC site. Performance Agreement with FLM Development Staff was contacted by FLM and informed that the 4,200-square foot office building contemplated in the Performance Agreement approved on 11-18-16 was reduced to 3,800 square feet due to unforeseen site restraints. Staff will be bringing the issue back to the WEDC Board in January to either amend the Agreement or void the same in advance. Highway 78 WEDC Pad Sites CFA is nearing the end of their due diligence period which will expire on 12-26-16. Following expiration, a 90-day permitting period will begin within which the WEDC will undertake site improvements including deceleration lanes, a mutual access drive, and median improvements. CFA will close on the property approximately 15 days after completion of the improvements which will be approximately 2 from the date the project was first discussed with CFA representatives at ICSC. WEDC Annual Report With the December Board Meeting moved up consideration of the Annual Report will be moved to January with presenting of the same to the Wylie City Council on 1-24-17. WEDC- Staff Report December 5, 2016 Page 3 of 3 Promotional Activities As reported regularly, the WEDC has a 1/4 interest in Maverick's Season tickets for the 2016-17 Season. A spreadsheet tracking the use of those tickets is attached for the Board's review. Regional Housing Starts Eleven homes were permitted in Wylie for the month of November 2016. Sachse,Lavon,Murphy permitted a combined eighteen over the same period. Monthly Inspiration permits are not reported until the 10th of each month and are therefore not updated within this report. No action is requested by staff for this item. Attachments Performance Agreement Summary W&M Activity Report Promotional Events Log Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes ACG Texas LP(IHOP) A. CO on 4,525 sf commercial building at a cost of $1,100,000; receipts for$35,000 on Qualified Infrastructure. 12/31/2017 $35,000 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 I 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 a 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 12/31/2014 $25,000 Paid 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. Qrtly 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 Outstanding Performance Agreement Summary 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 1 Phase IV-CO for 134,600 sf retail space Sales tax Cumulative incentive not (completed) 3/31/2019 reimburse to exceed $1.1 mm 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 Outstanding Performance Agreement Summary Form 941 evidencing 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 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 McClure Partners Devel. Co.,LLC A. Purchase of Williford Tracts by 10/1/16; Complete demolition of all improvements, foundations& paving by 12/31/16. Removal of all debris,vehicles, inventory by 12/31/16. 12/31/2016 $25,000 B.Complete construction of 6,000 sf commercial bldg w/Construction costs not less than $1,350,000. CO not later than 9/30/17. 9/30/2017 $50,000 Patna Properties, Inc. A. CO for 4,283 sf building; documentation of $700,000 in construction costs 10/1/2016 $20,000. Paid 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 Outstanding Performance Agreement Summary 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 Phase I. CO for Initial Phase including a Super 65%sales tax reimb 2009- Target by 8/1/09. 8/1/2009 2013; 85%sales tax reimb No further performance requirements. Default declared reducing maximum incentive from $12 Reimbursement mm to$6 mm. 2021 spreadsheet attached Wedge Corporation A. Documentation of executed Ground Lease, Building Permit; 1/31/2014 $137,5001 Loan Advance #1 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 $91,668 Wylie Flower and Gift Shop A. Renovation of 3,125 sf at 131 N. Ballard; B. Expenditures verified at$82,000; C. Proof of CO& Bldg Life Safety Inspection 12/1/2016 $24,000 Paid 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 55,183.98 27,591.99 27,591.99 110,367.95 0.65 17,934.79 35,869.58 53,804.38 Jun-16 Aug-16 75,925.05 37,962.53 37,962.53 151,850.10 0.65 24,675.64 49,351.28 74,026.92 362,628.45 58,927.12 117,854.25 176,781.37 Jul-16 Sep-16 46,925.74 23,462.87 23,462.87 93,851.48 0.65 15,250.87 30,501.73 45,752.60 Woodbridge Crossing Sales Tax Reimbursement Report Page 5 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Aug-16 Oct-16 63,826.65 31,913.33 31,913.33 127,653.30 0.65 20,743.66 41,487.32 62,230.98 Sep-16 Nov-16 59,856.95 29,928.48 29,928.48 119,713.90 0.65 19,453.51 38,907.02 58,360.53 341,218.68 55,448.04 110,896.07 166,344.11 Totals 7,044,780.17 1,303,820.20 2,607,640.40 3,911,460.60 WEDC Promotional Activities 2016-17 Mavericks Tickets Date Attendees October 3, 2016 W&M Environmental October 28, 2016 Coventry Reserve-Auction Item November 6, 2016 Jim Campbell - Chairman of the Board, Lone Star Circuits Regional Housing Permits Wylie Lavon 08 09 , 10 - 11 1 i 2 13 14 15 16 08 09 1 10 11 12 13 14 15 16 46 9 January 0 3 8 2 4 5 4 . ,6 2 1 January13 28 20 16 18 14 February CI 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 3 April 59 16 23 18 29 38 10 57 41 April 4 6 13 1 12 24 7 11 1 May m 11 26 18 20 22 26 68 101 May 4 7 8 1 0 9 17 4 4 June Ei 36 24 19 13 11 9 57 58 j 6 12 12 9 2 5 12 5 1 June July � '.�� 20 19 18 29 36 34 July 12 14 11 2 3 1 14 12 1 August '1 28 EMI 16 20 19 19 30 25 August 1 14 12 9 6 3 1 5 0 SeptemberlEI 38 'I 23 22 15 8 17 24 18 September 3 1 0 6 7 6 2 7 0 October ,11111=1/1 16 28 30 1 21 32 26 October 1 3 14 4 2 1 9 5 0 November El= 5 14 18 20 33 11 November 3 13 5 5 3 2 1 2 0 December.= 10 16 23 65 38 December 19 2 1 7 1 5 6 TOTAL 1:31 MIMI 201 230 236 280 483 370 TOTAL 61 89 99 60 48 68 100 77 17 1 Murph Sachse 08 1 09 10 11 12 13 14 15 16 08 09 10 11 12 1 13 14 15 16 '•January 14 2 14 4 7 26 13 Ei©�mm 1 12 January 8EI 18 14 16 February 16 1 15 3 14 4 5 5 4 February !1131 8 10 mai 8 29 mig March 12 4 15 9 6 6 8 4 5 March mmm 9 ®lm® 24 El April 12 7 12 8 10 23 1 3 8 April 8 13 12 May 12 7 5 11 14 7 7 2 2 May 11 10 6 June 25 12 13 6 19 15 6 7 4 June Dam 8 gi 14 16 38 Eli July 13 12 7 7 16 7 22 4 2 JulyEigEmingi 30 12 August 15 6 3 4 13 15 16 2 21 August 18 Eau 19 10 29 Dm September 6 12 7 4 10 10 3 3 6 September 16 12 23 20 October 7 4 8 3 16 16 4 0 2 October 25 8 18 29 November 3 5 7 3 17 5 5 2 6 November 10 4 6 9 27 26 December 3 14 9 8 7 15 4 0 December 9 6 7 10 39 12 1 TOTAL 138 86 115 70 149 149 94 33 72 TOTAL 177 136 118 98 148 149 280 260 263 Ins a iration Jan Feb Marc Apr May Jun ';Jul Aug_Sep Oct Novi Dec ;rota, 15 u® ,10 6 17 13 14 4 13 8 5 11 118 16 10 19 11 9 7 13 40 8 14 13 144 Regional Housing Permits ry,/ �i/%�i / '�Nylhe Pending Developments, Sachse PendingDevelopments 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