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02-24-2017 (WEDC) Agenda Packet NOTICE OF MEETING Wylie Economic DevePORloA T I O pmentN Regular Meeting Agenda February 24, 2017—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas Marvin Fuller W„...., ,.....,.. .,,..»... »..,,.».» .,.,,»,,. .»,...... . ...... 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 Satterwhite ......... .. ....... ......... ......... .Executive Director Jason Greiner......» ......... ......... Assistant Director Angel Wygant...... Senior Assistant In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie Municipal Complex, distributed to the appropriate news media, and posted on the City Website: www. lietexas.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 February 10, 2017 Minutes of the Wylie Economic Development Corporation(WEDC)Board of Directors Meeting. II. Consider and act upon approval of the January 2017 WEDC Treasurer's Report. III. (Remove from Table) Consider and act upon issues surrounding the construction of parking improvements on WEDC property located at 111 N. Ballard. IV. Consider and act upon approval of a Performance Agreement between WEDC and SAF- Holland USA. V. Consider and act upon issues surrounding an Agreement between the WEDC and The Retail Coach, LLC for consulting services. VI. Consider and act upon issues surrounding a Performance Agreement between the WEDC and All State Fire Equipment, Inc. WEDC—Agenda February 24, 2017 Page 2 of 3 VII. Consider and act upon the awarding of a bid to Texas Dirt Contractors for the completion of Sellers Work as identified in the Purchase and Sale Agreement by and Between Wylie Economic Development Corporation and Chick-Fil-A, Inc. VIII. Consider and act upon the ratification and approval of a Real Estate Sales Contract between Patsy Jo McMillan, Margaret McMillan, and the WEDC. DISCUSSION ITEMS IX. Staff report: review issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, WEDC Financial Audit, Wylie Days, Collin County Days, Highway 78 WEDC Pad Sites, Promotional Activities, and regional housing starts. X. Discuss issues surrounding a proposed mixed use concept on WEDC property located on Jackson Street between Oak and Marble. EXECUTIVE, SESSION Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code, to wit: Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). Consider the sale or acquisition of properties located near the intersection of: • Ballard& Stone Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act).. • Project 2015-12a • Project 2016-10a • Project 2017-la • Project 2017-2a Section 551.071. CONSULTATION WITH ATTORNEY; CLOSED MEETING. A governmental body may not conduct a private consultation with its attorney except: (1) when the government body seeks advice of its attorney about: a. pending or contemplated litigation; or b. a settlement offer, or (2) of a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter. WEDC—Agenda February 24, 2017 Page 3 of 3 • Receipt of a complaint from Mark Winnubst and Latrice Andrews of Sheils Winnubst, PC. RECONVENE INTO OPEN MEETING ADJOURNMENT CERTIFICATION I certln,that this Notice of Meeting was posted on this 20'day of February 2017 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, February 10, 2017—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 6:30 a.m. Board Members present were John Yeager, Todd Wintters, Demond Dawkins 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. CITIZEN PARTICIPATION There being no citizen participation, President Fuller proceeded to Action Items. ACTION ITEMS ITEM NO. 1—Consider and act upon approval of the January 20,2017 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. Staff commented that a Board Member had inquired about the property address for the 111 N. Ballard lot referenced in the Minutes. Staff informed the Board that the address is consistent with the Collin County Central Appraisal District property listing but does not correlate with the adjacent properties. To the north of the WEDC lot 103 Ballard (Boyd Recording Studio) and to the south 105-A Ballard(Unique Optique). Board President Fuller requested that the record reflect the physical location of the lot. MOTION: A motion was made by Bryan Brokaw and seconded by Todd Wintters to approve the January 20, 2017 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 a Second Amendment to a Performance Agreement between the WEDC And REVA Hospitality Wylie, LLC. On January 9, 2017, the WEDC approved a First Amendment to the Performance Agreement between REVA Hospitality Wylie,LLC(REVA)and the WEDC for the development of a Holiday Inn Express & Suites. The First Amendment extended the date by which REVA would acquire WEDC—Minutes February 10, 2017 Page 2 of 4 the 2.4 acres necessary to develop the project to February 10, 2017. Staff explained that among other recent changes to the project,REVA is going to miss the required closing date now scheduled for February 13th Additional changes have been presented to staff in this fast-paced project. The 98-room development was only approved for 82 rooms by IHG (Holliday Inn Express & Suites parent company). While construction cost has decreased by $1,280,000 ($80,000 per room), the appraised value used in the WEDC cost-benefit analysis determining new property taxes generated has not. In evaluating property taxes generated,the Appraisal District utilizes an income approach which predominately utilizes sales data in combination with a market approach. Similar sized projects in Allen ($4.3 mm), Frisco ($5.3 mm), and McKinney ($3.1 mm at 53,000 square feet) were utilized for comparison. Staff utilized a $4,000,000 new tax value figure when calculating taxes generated which remains a constant. Based upon annual sales projections developed by IHG,$2,000,000 is still being utilized even with 16 less rooms. The taxable sales will determine the amount of hotel & motel occupancy tax generated which is directly tied to infrastructure reimbursements. The only variation from the original calculations is a reduction in thoroughfare impact fees of$11,520 based upon a per room fee of$720. Based upon that change the breakeven point moves from 1.6 years to less than 1.7 years. Staff believes all other assumptions still hold true except for Real Property Improvements now being$6,560,000 opposed to $7,840,000 which do not impact appraised value. Even with the amount of time which has now been lost from when the project was originally scheduled to close,REVA is not requesting an extension of the time required to receive a certificate of occupancy which is December 31,2017. The maximum incentive of$450,000 will be reduced to $350,000 should REVA finish the project after December 31st but before June 30, 2018 when no incentive will be paid. Staff recommended that the WEDC Board of Directors approve a Second Amendment to Performance Agreement extending the date by which REVA Hospitality Wylie,LLC must acquire title to property in Wylie to February 13, 2017 and further amending the number of rooms referenced in the RECITALS to 82 and project cost to $7.92 mm. President Fuller requested that, although the sales projections for the project remain unchanged, he would like for staff to update the internal working documents detailing the projections and economic impact of the project to reflect the updated figures reflected in the Second Amendment. Board Member Wintters suggested modifying the date by which REVA Hospitality Wylie, LLC must acquire title to property in Wylie to March 1, 2017 instead of February 13, 2017 to ensure that ample time is given to accommodate any further delays. MOTION: A motion was made by Todd Wintters and seconded by John Yeager to approve the Second Amendment to a Performance Agreement between WEDC and REVA Hospitality Wylie, LLC extending the date by which REVA Hospitality Wylie, LLC must acquire title to property in Wylie WEDC—Minutes February 10, 2017 Page 3 of 4 to March 1, 2017 and further amending the number of rooms referenced in the RECITALS to 82 and project costs to$7.92 mm. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. President Fuller recessed the meeting at 6:46 a.m. for a 10-minute break to allow for the arrival of Ryan Pittman, Attorney with Abernathy,Roeder, Boyd &Hullett, PC—Attorneys at Law. The WEDC Board of Directors reconvened into open session at 6:56 a.m. Mr. Pittman had not yet arrived. Mayor Hogue informed the Board that a State of the City luncheon was being held on February 28, 2017 at 11:30 a.m. at the First Baptist Events Center and encouraged the Board to attend if they were available. President Fuller called for an additional 5-minute recess at 6:59 a.m. At 7:04 a.m. the WEDC Board of Directors reconvened into open session. President Fuller called the meeting to order and welcomed Ryan Pittman, Attorney with Abernathy, Roeder, Boyd & Hullett, PC—Attorneys at Law. EXECUTIVE 'SESSION Recessed into Closed Session at 7:05 a.m. in compliance with Section 551.001, et.seq. Texas Government Code, to wit: Section 551.071 (Consultation w/Attorney)of the Local Government Code,Vernon's Texas Code Annotated (Open Meetings Act). A governmental body may not conduct a private consultation with its attorney except: (1) When the government body seeks advice of its attorney about: (1) pending or contemplated litigation; or (2) a settlement offer, or (2) of a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter. • Receipt of a complaint from Mark Winnubst and Latrice Andrews of Sheils Winnubst, PC. RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 8:06 a.m. and took no action, ADJOURNMENT With no further business, President Fuller adjourned the WEDC Board meeting at 8:06 a.m. WEDC—Minutes February 10, 2017 Page 4 of 4 Marvin Fuller, President ATTEST: Samuel Satterwhite,Director Wylie Economic Development Corporation MEMORANDUM TO: Samuel Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistant SUBJECT: January 2017 Treasurer's Report DATE: February 13, 2017 Issue Consider and act upon approval of the January 2017 WEDC Treasurer's Report. Analysis Included this month is a Statement of Net Position. This document is intended to summarize the Assets and Liabilities of the WEDC. Finance felt this might be helpful to the WEDC Board as a high-level financial summary. From the Balance Sheet,page 1: Deposits - $7,000. This amount reflects a deposit WEDC paid to Wylie Industrial Court for the current location of the WEDC office in the amount of$2,000 and a $5,000 Escrow Deposit for the purchase of the McMillan Property located at 105 N. Jackson Street. Loan Receivable - $60,393.97. 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 35 payments remaining with a balloon payment of$33,248.44 due on 12-15-19. Account Rec — Forgivable Loans - $441,666.66. This figure includes the remaining balance of The Wedge loan in the amount of$91,666.66. Assuming The Wedge remains in compliance with their Performance Agreement, forgiveness of the remaining loan balance will be made on 12/31/18. 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 - $456,500. This is a total of incentive payments which are due in the future. A breakdown of these charges includes: Ascend Extrusion—Phase II- $24,000, B & B Theatres - WEDC January 2017 Treasurer's Report February 13, 2017 Page 2 of 3 $50,000, Dank Real Estate - $7,500, GetSet - $20,000, All State Fire - $40,000, Von Runnen Holdings - $10,000, Exco Extrusion Dies — $60,000, KREA - $100,000, McClure Partners - $50,000, VIAA - $20,000, Patna Properties - $10,000, Freudiger Holdings - $30,000, and ACG Texas - $35,000. From the Balance Sheet,page 2: Deferred Inflow - $255,393.97. 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 January was $741.76. The Exco Extrusion Dies loan will be reduced by$70,000 annually over a 5-year period. Rental Deposits — $6,000. Security deposits associated with lease obligations assigned to the WEDC as part of the purchase of 900 -908 Kirby for 2 tenants: DCU ($,3000) and Auto Hail ($3,000). Revenue and Expense Report,page 2: Interest Earnings - $254.73. Interest earnings from the Wylie Ice Cream Holdings Loan Repayment - $741.76. Principal payment from the Wylie Ice Cream Holdings. Rental Income — $13,500. Dallas Whirlpools - $3,400, DCU - $3,400, Delta-E - $800, Wheels Unlimited- $1,400,Austin-Said- $4,000, Richmond Hydromulch- $500. Revenue and Expense Report,page 3: Office Supplies - $86.42. General Office Supplies—($61.50), Holiday Office Plant($24.92). Food Supplies - $90.82. WEDC Board Mtg. Meal—December. Incentives - $197,414.41. Von Runnen 2 of 3 ($10,000), B&B 4 of 6 ($25,000), B&B Sales Tax Annual Reimb. ($22,272.20), CSD Qrtly Sales Tax Reimb. ($28,475.54), Exco 1 of 4 ($20,000), Wedge Loan Forgiveness ($91,666.67). Special Services — $8,276.97. Combined Survey Ind. Ct. ($2,000), Traffic Counts — Downtown ($600), Mowing and Lot clean-up ($325), Key—900 Kirby($1.97), Flood Plain Study FM 544 & Hwy 78 ($4,500), Asbestos Inspection—900 Kirby ($850). Community Development- $5,065.12. WISD Ed. Foundation Gala ($1,000), Holiday Promotion ($65.12), CCIM Sponsorship ($1,500), Collin College - Stetson& Stiletto Sponsorship ($2,500). Travel & Training - $1,898.89. ICSC Reg. — Satterwhite, Hogue, Greiner ($1,710), Business Mtgs/Prospect Recruitment($157.86), Project Updates ($31.03). WEDC January 2017 Treasurer's Report February 13, 2017 Page 3 of 3 Dues & Subscriptions - $712.86. WDMA Annual Dues ($75), Club Corp Dues — December ($637.86). Engineering&Architectural - $1,287.00. Engineering Services—544 Addition. Recommendation Staff recommends that the WEDC Board of Directors approve the January 2017 Treasurer's Report. Attachments January 2017 Treasurer's Report Sales Tax Revenue Wylie Economic Development Corporation Statement of Net Position As of January 31, 2017 Assets Cash and cash equivalents $ 1,055,928.16 Receivables $ 502,060.63 Note 1 Inventories $ 8,913,591.72 Prepaid Items $ Total Assets $ 10,471,580.51 Deferred Outflows of Resources Pensions $ 66,481.55 Total deferred outflows of resources $ 66,481.55 Liabilities Accounts Payable and other current liabilities $ 110,161.58 Unearned Revenue $ 261,393.97 Note 2 Non current liabilities: Due within one year $ 2,007,873.37 Note 3 Due in more than one year $ 3,994,227.42 Total Liabilities $ 6,373,656.34 Deferred Inflows of Resources Pensions $ 2,839.41 Total deferred inflows of resources $ 2,839.41 Net Position Net investment in capital assets $ Unrestricted $ 4,161,566.31 Total Net Position $ 4,161,566.31 Note 1: Includes incentives in the form of forgivable loans for$441,666.66 Note 2: Wylie Ice Cream loan payments;Exco amortization; deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$57,489.00 Note 4: The WEDC provides monetary incentives to companies to relocate/expand within the City of Wylie. At January 31, 2017, these commitments totaled$466,500.00. N 2-14-2017 02:.00 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS 017:( JANUARY 31ST, 2019' 111-WYLIE ECONOMIC DEVEL CORP ACCOUNTI: III1E ASSEIS 1000-4 0110: C LAI M 0 N CASB: & CASK. EO 04 V I,048,920„1.6 1000-4011 S CASH - WE:0C - I NWOO D 0.00 1000-10135 ESCROW 0,00 1010.-10180 DE POS1 TS 7,000.00 1040-401111 OTHER - M1SE CLEARING( 0.00 1000,10341 TEXPOOL. (1.00 1000-10343 LOGIC 0.00 1000-1.0481 INTEREST RECEIVABLE 0.00 1000-I1.511 ACCrS REC - MINI) 0„00 100(1-11517 ACCTS NEC - SALES TAX 0.00 1000-12010 LEASE. PAYMENTS RECEIVABLE 0„00 1001-12950 LOAN PROCEEDS RECEIVABLE 0.00 1010-12996 LOAN RECEIVABLE, 61,391.97 10011-421111" ACEIS EEC - JTM TECH G.00 1000-42918 ACCTS NEC -. FORGIVEABLE LOANS: 441,066.66 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 TNVENIORY - LAND. t BUILDINGS 0,913,591,12 1000-14111.8 INVENTORY - RA/CO/ SANDEN BLVD 0,00, 1000,14311 PREPAID EXPENSES - HISC 0.00 1000-14410 DEFERRED OUTFLOWS 456,500.01 10,928,080-51. TOTAL ASSETS 10,928,090.51 LIABILITIES. 2000-20110 FEDERAL 1NtOME TAX PAYABLE 0.00 2000-20111 MEtaCARE, PAYABLE 0.00 2000-20112 CHILD' SUPPORT PAYABLE 0.00 2000-20113 CREDIT' UNION: PAYABLE 0.00 2000-20114 IRS LEVY PAT/ IL)) 0,00 2000-20115 NATIONWIDE DEFERRED 'COMP 0,00 2000-2011.6 HEALTH I)IiiUR PAY-EMPLOYEE ( 0,00 2000,20117 TMNS PAYABLE 0.00 2001-20118 'KID IRA PAYADDE 0.00 2000-20119 WORF,ERS' COMP PAYABLE. 0.0(1 2.011-20120 FICA PAYABLE. 0.00 20002.0121 TEC PAYABLE 0,00: 2000-2012.2 STUDENT LOAN LEVY PAYABLE 0.00 2000-20123 ALIMONY PAY/OIL)) 0.00 2.000-2012.4 BANKRUPTCY PAYABLE 0.00 2000-2.01125 VALIC DEFERRED COMP 0.00 2000-120126 ICHA RATABLE 0...00 2000-E:01N:1 EINP.. LEGAL SERVICES PAYABLE. 0-00, 2000-20130 FLEXIBLE' SPENDING'. ACCOUNT 125,00 2000-20131. EDWARD iONES DEFERRED COME 0.00 2000-20132 ((MR CARE ELITE 12,01 2000-20151 ACCRUED WAGES PAYABLE 000: 2000-20180 ADDLE EMPLOYEE OIL PAY 0.00 2000-20199 MISC PAYROLL PAYABLE 0,00 2-14-2017 0200 PM CITY OF WYLIE PAGET 2 BALANCE SHEET AS OF JANUARY ”ST, 2017 III-MYLIF ECONOMIC DEVEL CORP ACCOONTk TITLE 2000-20201 AP PENDING 2000-20210 ACCOUNTS PAYABLE 105,265.73 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 OIRS PAYABLE 4S6,500.00 2000-208.10 DUE TO GENERAL FUND 0,00 2000-22210 DEFERRED 11.[FLOW 255,393.97 2000-22215 REV INFLOW - LEASE PRINCIPAL 0:00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 6,000.00 TOTAL LIABILITIES 820,055,55 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 1000-34590 FUND BALANCE-UNRESERV/UNDESIO 8,229,35746 TOTAL BEGINNING EQUITY 8,229,1,5746 TOTAL REVENUE 2,729:369.72 TOTAL EXPENSES 858,702„22 REVENUE OVER/(UNDER), EXPENSES 1,870,667.SG TOTAL EQUITY & OVER! UNDER 10,100,024.96 TOTAL LIABILITIES, EQUITY & OVER/(UNDER1 10,928,0RO:51 2-14-201 7 027 08. Pm CITY Or WYLIE. PAGE I BALANCE 8(1E87 AS. 05'3. JANUARY 3IS2, 2012. 922-G8N LONG T 8.Rm DEBT ( R DC1 ACCOuNT I) TITLE ASSSTS 1000.-10312 GovE RN mEN7 ((((TEE 0.00 1000-1811 0 LoAN - WE DC 0,00 1000-18120 LOAN - BIRmINGAAM 0.00 1000-1 8210 AmoUNT To 88 PBovIDEt 0 00 1000-4 8220 a/AN I N.G.HAM LOAN 0.00 1001-A.90.50, DE F OuTELOW - CONTEI BUIL DNS 27,922.29 I000-1 901 5. DE F au T8LOw - INVESTMENT Em p 34,333.48, 1000-19100 DEE OUTFLOW. - Ae7 F.MT,/A.SZNMP 4,225.78, 1000-I 9125, GA(N)/Loss o N As s.NM.ET ION Gni;( 2,838.41) .....................________. 6.3„642,,14 TOTAL A s,$ET s 03,642.14. ...........,—.....„---- LI ABI LI T I ES. 2000-20310 com PEN s ATE b 91111211, PAYABLE 84,693.61 2000-1 01))11 COMB AB s ENCE s PAY ABL E.-C URRE.N1 0.00 2 0 0 0-2 1410 ACCRUED I NT ERES7 PAYABLE 4,630.85 2000-48205 WEDC LOANsir:LIB:RENT 1,9.4 S.,753.52. 2000-28220 BIRMINGHAM LOAN 0,00, 2000-28230 INWOOD LOAN 0.00, 2000-28232 ANT) LoANI EDGE 0,,00 2000-28233 ANB LOAN/BED DI HORD NM I T 8 552,873.,05 2000-28234 AN B LOAN/RANDAcK NUGuEs 20,895.75, 2000-.28235 AN LoAN 0.00 2001-282,"36 AN B cONS T FaC71 ON LOAN 0.00 2000-28231' ANB LOAN/ wooDBIU DGE. pAtEmAY 54.8,201,00 2000-28238 ARB LOAN./BUYA ANAN. 162,440.60 2000-2 8230 ANS' LoA1414018Es:HOBART pAyOFF 193,893.,„04 2000-28240 mo GB Es LOAN, 0,00 2000-2 82A 5 ANR LOAN/DA L LA R W MIR L pool'. 2 0 000,000.00 2.000-282A 7. JAB)P,ARD LOAN 300,000.00 2000-.282.50 el Ty (31 WY LI E LoAN. 0.00. 2001-28260 PRIME RUT N LOAN 0.00 2000-282,71 BOW LAN D/AN OERSON LOAN 0.00 2.0 0 0-:,:„82.80 CA PI TA1, 0210 C AZAD LOAN 0 J')0 2000-28290 BoBA R7 1 commERcE LOAN 0,00 2000-2 91.50 NET PEN s IoN LIABILITY 188,812.17' TOTAL 7,r Anl LI T1 Es 6,002,100_79 ..........„..........................____............„.............„. EO(1l T.I. ----- 3000-34°,580 PUN) BALANCE-u NW::BERml UN DE,S4 G( 1,1.36,02 8.50) 3000-15900 uNRESTRICTED NET pas,1 T I ov ( 114,869.00) TOT A) BEGINNING ROITT7y ( 3,850,988.501 TOTAL REVENUE. ( 2,300,000..(10) ToTAL 'EXPENSES ( 212,539.85). 2-11-2017 0208 PM CITY OF WYLIE PAGE 2 BALANCE SHEET Al 017 JANUARY 31ST, 2017 922-GEN LONG TERM DEBT (WEDC) ACCOUNT)) TITLE REVENUE OVER/(UNDER) EXPENSES ( 2,087,460.15) TOTAL EQUITY I OVER/(UNDER) ( 5,938,458.65) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 63,642.14 2-15-204 1 0 2,:.,08 PM CITY OF WYLIE RAGE: 1 REVENUE AND EXPENSE REPORT' - (ONAUDI TED) AS OF'. TANVARY 3157, 2017 k 11-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-0 BUDG'ET ih OE BU WET PER OD PO ADJUST, ACTUAL ENCVMRR ANC E BALANCE BUDGET REVENUE SUMMARY TAXES 2,467,295,00 1'96,347,26 0.00 04,155,05 0.00, 2,073,139.95 15„98 INTERWVERNMENTAL REV, 0.00 0,00 0.00 0,00 0,00 0,00 0,00 INTEREST INCOME 12,95A.00 1,220.21 0„00 7,208„03 0.00 5,749.97 55,63 MISCELLANEOUS INCOME 1,5'38,)58.00 14,,SOO.00 0,00 28,006.64 0.00 I,510,351.36 1.82 OTHER FINANCING SOURCES 0,00 0„00 0,00 2,300,000.00 0.,00 f 2,300,000„00) 9,00 TOTAL REVENUES 4,01 8,611,00 213,,067,4T 0.00 2,729,369.12 0,00 1,289,241,28 67.92 EXPENDITURE SUMMARY DEVELOPMENT CORP-WEDC 4,484,297.00 321,911„/6 0„00 858,002.22 6,9810.00 I,,61R,614.70 19.80 TOTAL EXPENDITURES 4,484,297.00 321,911„76 0.00 858,702.22 6,980.00 3,618,61 4,"18 19.30 REVENUE OVE111(UNDER) EXPENDITURES I 465,686,,00) ( 110,844.297 0,00 1,870,667.50 ( 6,9(70„00) ( 2,"3,29,3")1.S0) 400.20- 2-15-2017 0208 PM CITY OF WYLIE PAGE: 2 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JANUARY 31ST, 2017 Ill-WYLIE ECONOMIC DOWEL CORP REVENUES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST, ACTUAL ENCUMBRANCE BALANCE BUDGET TAXES . .....- 4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0,00 4000-40210 SALES TAX 2,467,295.00 196,347.26 0.00 394,155,05 0.00 2,073,139.95 15.98 TOTAL TAXES 2,467,295.00 196,347.26 0.00 394,155.05 0.00 2,033,139.95 15.98 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 1,000.00 223.72 0.00 1,030.27 0.00 f 30.27) 103.03 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 (1,00 0.00 0.00 0.00 0,00 4000-46150 INTEREST EARNINGS 2,962.85 254.73 0,00 3,229.15 0.00 ( 266.30) 106.99 4000-46160 LOAN REPAYMENT (PRINCIPAL) 8,995.15 741.76 0.00 2,948.61 0.00 6,046.54 32.78 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 1,220.21 0.00 7,2.08.03 0.00 5,749.97 55.63 MISCELLANEOUS INCOME 4000-48110 RENTAL INCOME 72,600.00 13,500.00 0.00 28,006.64 0.00 44,593.36 38.58 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 13,500.00 0.00 28,006.64 0.00 1,510,351.36 1.62 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 2,300,000.00 0.00 ( 2,300,000.00) 0.00 4000-49550 LEASE PRINCIPAL PAYMENTS (0 0.00 0.00 0.00 (LOU 0.00 0.00 0.00 4000-49600 INSURANCE RECOVERIES 0.00 0.00 0.00 0.00 0.00 (LOU (LOU TOTAL OTHER FINANCING SOURCES (LOU 0.00 0.00 2,300,000.00 0.00 ( 2,300,000.00) 0.00 TOTAL REVENUES 4,018,611.00 211,067.47 0.00 2,729,369.72 (LOU 1,289,241.28 67.92 2-15-2017 02:08 PM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT' - (UNAUDITED) AS OF: JANUARY 3IST, 2017 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D BUDGET 6 OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET PERSONNEL SERVICES 5611-51110 SALARIES 267,575.00 20,583.72 0,00 87,731.53 0.00. 179,843.47 32.79 5611-51130 OVERTIME 0.00 0.00 0.00 0.00 0,00 0,00 0.00 5611 51140 LONGEVITY ['Al 1,168.00 0.00 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 0.00 0,00 0.00 5611-51210 CAR ALLOWANCE 1.2,600.00 969.26 0,00 3,709.40 0,00 8,890.60 29.44 561i 51220 PHONE ALLOWANCE 4,656.00 1,164.00 0,00 2,328.00 0,00 2,328.00 50.00 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 3,250.20 0,00 13,644.15 0.00 28,782.85 32.16 5611 -51410 HOSPITAL 6 LIFE INSURANCE 32,521.00 2,846.32 0,00 11,150.00 0,00, 21,371.00 34.29 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611 .5142.0 LONG-TERM DISABILITY 1,471.00 154.02 0,00 385.05 0,00 1,085.95 26.18 5611-51440 FICA 17,443.00 1,278.10 0,00 2,998.65 0,00 14,444.35 17.19 5611-51.450 MEDICARE 4,079.00 298.90 0.00 1,302.82 0.00 2,776.18 31.94 5611-51470 WORKERS COMP PREMIUM 716.00 81.20 0,00 495.36 0,00 220.64 69.18 5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 0.00 0,00 81(1.00 0.00 TOTAL PERSONNEL SERVICES 385,466.00 30,625.72 0.00 124,912.96 0.00 260,553,04 32,41 SPPEIS . 611.-52010 OFFICE SUPPLIES 5,500.00 86.42 0.00 311.86 0.00 5,188.14 5.67 5611-52040 POSTAGE 6 FREIGHT 9E30.00 0.00 0.00 9.40 0.00 970,60 0.96 5611-521(0 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0,00 0.00 0,00 0.00 0.00 5611-52810 ROOD SUPPLIES 2,250.00 90.82 0,00 183.88 0,00 2,066,12 8,17 5611-.52090 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 . ,....__.._... TOTAL SUPPLIES 13,730.00 177.24 0.00 505.14 0.00 13,224.86 3.68 MATERIALS FOR MAINTENANC 5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0.00 0.00 MO 5611-54810 COMPUTER HARD/SOFTWARE 3,000,00 0.00 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 0.00 0.00 187.50 0.00 2,812.50 6.25 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 1,175,281.00 197,414.41 0.00 346,673.96 0.00 828,607.04 29,50 5611-56040 SPECIAL SERVICES 127,600.00 8,276,97 0.00 52,321.12 560.50 74,718.38 41.44 5611-56080 ADVERTISING 144,700.00 0.00 0.00 6,721.00 1,800.00 136,179.00 5.99 5611-56090 COMMUNITY DEVELOPMENT 52,000.00 5,065,12 0.00 8,603.36 80.00 43,316.64 16.70 5611-56110 COMMUNICATIONS 9,350.00 478.86 0.00 1,808.40 0.00 7,541.60 19.34 5611-56180 RENTAL 29,328.00 2,444.00 0.00 12,026.00 0.00 17,302.00 41.01 5611-56210 TRAVEL 6 TRAINING 36,000.00 1,898.89 0.00 5,481.05 0.00 30,518.95 15.23 5611-56250 DUES & SUBSCRIPTIONS 19,560.00 712.86 0.00 5,091.58 0.00 14,468.42 26.03 5611-56310 INSURANCE 4,310.00 0.00 0.00 2,898.10 0.00 1,411,90 67.24 5611-56510 AUDIT I LEGAL SERVICES 23,000.00 0.00 0.00 8,800.00 4,539.50 9,660.50 58.00 5611-56570 ENGINEERING/ARCHITECTURAL 20,000.00 1,287.00 0.00 9,874.30 0.00 10,125.70 49.37 5611-56610 UTILITIES-ELECTRIC 2,400.00 145.26 0.00 555.48 0.00 1,844.52 23.15 TOTAL CONTRACTUAL SERVICES 1,643,529.00 217,723.37 0.00 460,854.35 6,980.00 1,175,694.65 28.47 2-15-2017 02:08 PM CITY OF WYLIE PAGE: 4 REVENUE AND EXPENSE REPORT (UNAUDITED) AS OF JANUARY 31ST, 2017 111-WYLIE ECONOMIC DES/EL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL, EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST., ACTUAL ENCUMBRANCE BALANCE MJDGET DEBT SERVICE & CAP. REPL 5611-57110 DEBT SERVICE 1,910,906.00 0.00 0,00 0.00 0.00 1,910,906.00 0.00 5611 57410 PRINCIPAL PAYMENT 0.00 54,747.11 0.00 212,539.85 0.00 ( 212,539.85) 0.00 5611-57415 INTEREST EXPENSE 0.00 19,145.32 0,00 59,702.42 0.00 ( 59,102.42) 0.00 5611-57710 BAD DEBT EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL DEBT SERVICE & CAP. REEL 1,910,906.00 73,892.43 0.00 272,242.27 0.00 1,638,663.73 14.25 CAPITAL OUTLAY 5611-58110 LAND PURCHASE PRICE 128,866.00 ( 501.00) a.00 2,482,573.30 0.00 ( 2,353,707.30) 926.48 5611-59120 DEVELOPMENT FEES 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611 5815a LAND-BETTERMENTS 0.00 0.00 0,00 0.00 0,00 0,00 0.00 5611-S8210 STREETS & ALLEYS 391,300,00 0.00 0,00 0.00 0,00 391,300,00 0.00 5611 -58410 SANITARY SEWER 0,00 0.00 0,00 0.00 0,00 0.00 0.00 5611-58810 COMPUTER HARD/SOFTWARE 5,000.00 0.00 0,00 0.00 0.00 5,000.00 0.00 5611 -58830 FURNITURE & FIXTURES 2,500.00 0.00 0.00 0.00 0,00 2,500,00 0.00 5611-58910 BUILDINGS 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611 58995 CONTRA CAPITAL OUTLAY 0,00 0.00 0.00 ( 2,482,573.30) 0.00 2,4820573.30 0.00 TOTAL CAPITAL OUTLAY 527,666.00 ( 507.00) 0.00 0.00 0.00 527,666.00 0.00 OTHER FINANCING (USES) 5611-.59111 TRANSFER TO GENERAL FUND 0,00 0.00 0.00 0.00 0.00 0.00 0,00 561 I-50190 TRANSFER TO THORUGHFARE IMP 0,00 0.00 0.00 0.00 0.00 0.00 0,00 5611 -59430 TRANSFER TO CAPITAL PRO,.) I'll 0,00 0.00 0.00 0.00 0.00 0,00 0.00 5611-59990 PROJECT ACCOUNTING 0,00 0.00 0.00 0.00 0.00 0,00 0.00 TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL DEVELOPMENT CORP-WED(' 4,484,291.00 321,911./6 0.00 858,102.22 6,980.00 3,618,614.78 19.30 TOTAL EXPENDITURES 4,484,297.00 321,911.76 0.00 858,702.22 6,980.00 3,618,614.18 19.30 REVENUE OVER (UNDER) EXPENDITURES ( 465,686.00) ( 1)0,844.29) 0.00 1,870,667.50 ( 6,980.00) ( 2,329,373.50) 400.20- “."- END OE REPORT *,* z-/s-zuo �.00 a* o F� T' * z T.., ^ z n z z m o rnno: z romo , 1.1.1.-w,Lz 000mnmzc cOR2 PERIOD nu ovs^ Jan-zoo zumo oao-zno ooell , 61.1 oovEzoeMomT CORP Wmuc ACCOUNTS:: 5611-5201.0 THRo 561.1-n8v10 pns DATE' '11'mmx # REFERENCE IAcKF'.r=== -DEnonzprzON -=:::!=:::: vEJ�o zmv/,TE It N()TE =~===«MOomc~~:::::::: ~ --BALANCo::::--- _____________________________-_______-_-_-_______---___ 5611-5201.0 oF'Fzoo SueeLzos o o G z m m z w G a x L u m C o ozs.«« z/za/o uzn a'77336 can, 087004 8m70 caema & cLzps noosyz 25612 wEoc 6.1�oo 286�94 I./1e/o uzy ^77490 oFT, unuoau p7496 oro. nnnezz ezn JANn wYGAmr 24..92 s/z.o^ a^moao, ucTzvr,, DR, 86..42 on. 0.00 86.42 -------------------------------------------`---^-------- --------------------- ----- --- -------------------- n611.-bon^o cnxr^so ^ I7,pmronr n o c T. w w z m s e A L u m c E 9�40 --------------------------~--------------------------- ------------------------------------------------ so,z-sz,1an runLn/ ounzp (mom-naerraL) a E a z m m z m c a ^ L a m c IS o..u" ----------------------------------------------------------------------------------------------------------- -------- --- s6/'-5216o rooLu/ nnozr - o`oo-$oy,.ps a s u z m m z m o o v L a m c o 0.00 ------------ __-------------------------------------------___---------- -------___ -----------------_______________________ saz/-szozo rouu xnpprIzoo e o (.,' z m w z m o e ^ L a m c E 93.06 z */�') z/ze x77490 ov,, 000zoo 87496 wono oan m,u 000yzz 82/1 a^m17 w,oAmz zu..oe zoa..00 1./1.p/17 1/1e a77490 orr, nnozoo 874*6 wmoo ano mra mu^L 000912 82�7 mlqz, woGANz oo�on 183.p8 JANoapz acrzvzrr oa. po�nz oa; 0.00 yv�nz -------------------------------------------------------------------------------------------------------------- -------------^— ssz1 ozsov oreEp a o c z m m z n : a x T, a w c o 0.00 �� -1-------------------- ----------------------------------------------------------------------------------- osz`-54ssn "IFouLn & oouznmomr a o c z m m z m (.-, e n T� u m r o 0.00 ------------------------------- ------------------------------------------------- ------------------------- s6z1-oiVo cnwpnrna aoao/mrTwaeo n c o r m m r w o a x � n m C o zn hn ------------------------------------------- -------- -------------------------------------------------------------- ----- �6 1z-u4e90 v`aoa BEGINNING, e u L a m c o 0.,00 �� ----------~��.-... 2-15-2017 1. 4.6 PM DETAIL LISTING PAGE: 2 FUND 1.11.-WYITE ECONOMIC DEVEL CORP PERIOD TO USE Jan-201.7 THRU Jan-2017 DEFT 61.1 DEVELOPMENT CORP-WEDC ACCOUNTS 5E11-52010 THRU 5611-58910 POST DATE IRAN 4 REFERENCE FACKET------DESCRIPTION------- VEND INV/CIE 3 NOTE 5611-56030 INCENTIVES BEGINNING BALANCE 149,259.55 1/03/17 1/03 A76077 CR14:: 086651 87052 VON R1INNEN INCEN 2 OF 3 004500 INCENTIVE 42 10,000,00 159,259.55 1/08/1/ 6/09 1376610 CHIC: 086808 87221 B&B INCENTIVE 4 OF 6 003925 INCENTIVE 44 25,000.00 184,259.55 1/09/17 1/09 A76610 CHK: 086808 87221 B&B INC 4/600S TAY 003925 INCENTIVE #4 22,272.20 206,531.75 1/20/17 1/20 A.77577 CHK: 087021 87531 CSD C.),RTLY SALES TAX REIM 003990 081817 WIDE 28,475.54 235,007.29 1/26/17 1/26 1377868 0111<: 087120 87649 EXCO - ADD]. INC:. 1 OR 4 004522 INCENT 82 012317 20,000,00 255,007.29 1/31/17 2/10 1355356 1.5433 JE25787 WEDGE FORGIVENESS 42 JE5 025787 91,666.67 346,673.96 m, JANUARY ACTIVITY 03 197,414.41 CR. 0.00 197,41.4.41 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 44,044.:15 1/06/17 1/0E A76349 ONE: 086716 87164 SURV-IND CT-11WY 78 COMB 004737 57284 WEDC 2,000.00 46,044.15 1/09/17 1/09 A76594 CHIC: 086817 87221 TRAFFIC COUNTS-OWN TOWN 000701 201643 WEDC 600.00 46,644.15 1/18/17 1/18 A77353 CHIC: 086998 07470 MOW-LOT BY POST DEC 001173 010317 WEDC 150.00 46,794,15 1/18/17 1118 1377353 CHIC: 086998 87470 MOW-WAGS DITCH 001173 010317 WEDC 175.00 46,969.35 1/19/17 1./n A77490 OFT: 000280 87496 KEY - HPPY MOTORS 000912 8277 JAN17 WYGANT 1.97 46,971.12 1/30/1.7 1/30 A78162 VOID:: 087183 87727 REVERSE VOIDED CHECK 004756 BH-247 4,500.00CR 42,471_12 1/30/17 1/30 1378170 CHK 087205 87732 ENGN SERV-FLD PLAIN STD 004756 BH-247A 4,500.00 46,971.12 1/30/1-.1 1/30 7781.21 CHK: 0871.83 87723 ENG SVC-EID PLAIN STD54 004756 814-247 4,500.00 51,471_12 1/31/17 1/31 1378254 CHK: 087220 137762 900 KIRBY-A3JHES. INSPECT 001.026 17005 850.00 52,321.12 TAIIUARY ACTIVITY OR: 12,776.97 CR: 4,500.000R 6,276.97 ------------ 5611-56060 ADVERTISING BEGINNING BALANCE 6,721.00 --------- 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BAT A. N C E 3,538.24 1/18/1.7 1/18 A77335 CHK: 087002 87470 WISD ED. FOUND GALA SPON 000379 706 WEDC 1,000.00 4,538.24 1/19/17 1/1.9 1377490 DFT: 000280 87496 HUI SUPPLIES 000912 8277 JAN17 WYGANT 65.12 4,603.36 1/19/17 1/19 A77490 OFT: 000280 87496 CCM SPONSOR 000912 8277 jAN17 WYGANT 1,500,00 6,103.36 1/19/17 1/19 A77512 CBE.: 087009 67505 STETSON & STILETTO SPONS 002472 011316 WEDC 2,500.00 6,603.36 JANUARY ACTIVITY Dfl 5,065.12 CR: 0.00 5,065.12 5611-56110 COMMUNICATIONS BEGINNING B A L A. N C E 1,329.54 1/17/17 1/17 A77274 CHM.: 086969 87426 INTERNET SVC 004568 2101577989 DC25-JA 204.76 1,534.30 1/18/17 1/18 A77354 C11K: 087000 87470 TABLET SVC 001797 822495799-07 DEC16 113.97 1,648.27 ,-'s-eoo z,^s FM v o r ^ z ^ I, z o 71 z m n encE. a rnmo . o1-WxLzE ECONOMIC oEvoI, cone PERzoo TO USE. Jan-20.17 Tumv Ja"-zoo mser . 61z uEvozOraour umr-WEoc acoonmco, 5*/1-�2010 raav 56u-581)10 POST ouro TRAm o mErounmCm PA(.�xFr-=---moarazrrrvm�------ vmmo rmv/Jo o muTo 1./19/1.7 z/z* A71 4/3 orr, onocun 8'?4e3 rocoeaomo nvc 00091.2 azr� xxmzr uarrEa 160.13 ''oon.xo JAmvaaz ucll'znzrz oa, 478 ao oa, v.oo 478�86 ___________ ---------- --------------------------------_________________ 5s1.1.-561no osmzuL a o c z m n z m s a a r, x m c o y,�nz�nn .1/18/17 1/1.8 a7/360 cnu, 01e6926 87470 coezEa aomruL 003509 *680: 194.00 y'rro�oo '/26/.L, 1/26 a77935 cno, 0871.47 n,s59 orrzco ammr FEB 2017 003231 011617 rma17 2'250�00 zz'nzo�no ~~~~~~~~~~~~~ aomvna, acrz,zrr no, 2'444�00 cn, 0.00 2,4*4�00 ---------------_____________ _ -------------------------------------------------------------- ________________ 56z1-5s2�0 TauvoL u raAzmzaG a o o z m m z m c a a I, A n o o 3'582.16 1/19/17 1/19 ^,`490 oFr` nouznn 87496 zcsc ao-anrr/unn/omE 000e12 azrr .TAmlr w,aamT .1'710�00 5'292�16 //19/1/ z/zy x77473 uar, uoozoo 874e3 aoa, mTs - waLrEac 000ezo 8277 Jmw`/ sarrFa 122.SR 5,*14.74 1/19/17 //19 a77473 orT. 000zno n'xsa rm�� or oawozmo 000912 8277 o`mz") oxrron sz 03 5'445�1'7 1/.l9/1, 1/19 ^'774/3 orz. unnzou or«ys ans. mrn-,mao/cnvraa 000912 ozrr zuw�'? auTrmu 35.28 5'481�05 JANnvar acrzvzTz oe, 1,898�89 ca' n�no 1'8eo.a* ____________________-------------------------------------------------------_________________ ________ .)611 5ozzu pmnr000Iom^L ra^zmzmo BEGINNING a a .11 a w c o n.oo -------- -------------------- ------------------------------------------------------------------ 5ozz-oaz*n onoo & noaacazerzuma a 117� o z m m z N o o u L a w o m 4'3/8�/2 1/18/17 1/18 anzsz cmu' 027001 ormn woMA *mm,mL onoa 001076 01.lC,u wEu(., y!) no 4'4*3./2 v/y/o v,y v774,3 orr, onoauo 87493 cLva CORP onon 000912 a2,7 JAmo oorrma oar�yv o'oa�so JAN'ma, ^crzvzrs um, /zo�o* cn, o�nu rzo�oa -------------------------------------------------------------_____________________ ------------------------------__________ oso-sss/o rmnnnpmca a o o INN z m C a A T� a m c E 2'898��10 -------------------------_________________________________________________________________ 5611-5e10 uunzr LEsAT., o�avzcon e m o r w m z m C;' RALAHCE o,ouo�no _--__-__--_________--____'__-________-_____-__-_-____--__-__-_-___-__----_-___-_-__- sa11.-sor/u nw�zmoonzmo/^mcez�mcrneu� 2-15-2017 I. 4.6 PM DETAIL LIS' T' INC PAGE 4 FUND 11.1-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE Jan-2017 TURD Jaa-2017 00 PF Ill. DEVELOPMENT CORP'WOOF AECOUNTS 5611-52010 THEW 5611-58910 POST DATE II/AN # REFERENCE BEGINNING BALANCE 8,587.30 1/19/17 1/18 177331 CHE 086994 87470 ENG. SVC-FM 544 ADDITION 0(70196 1703A WEDU 1,297.00 9,874.30 JANUARY ACTIVITY DB 1,287.00 CR: 0.00 1,287.00 --------------- -------------- ------ - ______________ ________ 5611-56610 UTILITIES-ELECTRIC BEGINNING B A. L A. N C E 410.22 1/06/17 1/06 176343 C.11E 086710 87164 UTILITIES-E1ECTRIC 003302 1167674184 503-DC 101.34 511.56 1/06/17 1/06 A76344 CUE: 086710 87164 UTILITIES-WATER 003302 122-1040-01 NOV16 26.56 538.12 1./06/11 1/06 A76345 CHIK. 086710 87164 UTILITIES-GAS 003302 30292887066 DEC16 17,36 555.48 145.26 C8:: 0.00 145.26 ---------------------------------------- - 5611-57110 DEBT SERVICE BEGINNING BALANCE 0.00 - - 5611-57110 PRINCIPAL PAYMENT BEGINNING BALANCE 157,792.74 1/03/17 1/10 11154970 link Dft 01.0317 15310 JE25580 K.04 PMT #16 JE# 025580 7,835.73 165,628.17 1/11/17 :1/23 055113 Fmk Dft 01111.7 15361 .3E25659 PEDDICORD/WHITE P14T425 JE# 025659 5,278.76 170,907.23 1/17/17 1/25 055145 link DUL 01171.7 15373 jE25674 WE PKWY PMT 429 3E6 025674 11,794.59 182,701.82 1/20/1.7 1/2.5 1355191 Bnk Dft 012017 15376 JE253/93 BUCHANAN PMT #29 3E4 025693 6,631.73 189,333.55 1/20/17 1/25 B55192 Pink Di.! 012017 15376 JE25694 JARRARE PROPERTY #1 JE# 025694 1,984.15 191,31.7,70 1/23/17 1/25 B55193 Bnk Oft 01.2317 15377 JE25695 EDGE PMT #7 jE8 025695 11,492.47 202,810.17 1/27/1/ 2/01 755251 link Eft 012717 15400 3E25733 HUGHES/RANDACK BMT#50 jE# 025733 9,729.68 212,539.85 ---------... . JANUARY ACTIVITY DE: 54,747.11 CRC0.00 54,747.11 5611-57415 INTEREST EXPENSE BEGINNING R A L A. N C E 40,557.10 1/03/17 1/10 1354970 Enk 11i1. 010317 15310 JE25580 K6M PMT #16 JE# 025580 909.52 41,466.62 1/11/17 1/23 B55113, Fink Dft 011117 15361 JE25659 PEDDICORD/WHITE PMT#25 jE# 025659 2,1.03.69 43,570.31 1/17/n 1/25 1755145 Enk 1131 L. 01171) 15373 jE25674 WB PKWY PMT #29 jE4 025674 1,473.34 45,043.65 1/20/17 1/25 B55190 Bnk Dft 012017 15376 3E25692 DALLAS WHIRLPOOL PMT42 JE# 025692 6,888.89 51,932.54 1/20/17 1/25 055191 link DLL 012017 15376 JE25693 BUCHANAN PMT 429 JE4 025693 700.22 52,632.76 1/20/17 1/25 E55192 link Dft 012017 15376 JE25694 JARRARD PROPERTY #1 3E1 025694 1,125.00 53,757.76 1/23/1.7 1/25 655193 Enk It 01.2317 15377 3E25695 EDGE PMT #7 JE# 025615 5,567.34 59,325.10 1/27/17 2/01 B552.51 link Dft 01.2717 15400 JE25733 HUGHE5/RANDACK PMT#50 JE4 025733 377.32 59,702.42 JANUARY ACTIVITY Dli: 19,1.45,32 OFt. 0.00 19,145.32 ^ 2-15-20o 1,;** ew oo r ^ r L x z n r z w s eauo, m rnuu . 111-xaIa aoonayzr uavoc CORP comzoo rm USE^ J,",t oA-uvo ramo za"-zm, osrz ' 611 oovF.uupuamn oomv-msor xCcmomz,,.'. sn11-524)10 cuRu 5611-5°910 rvsr oxra rRAm w *FFExE«TF� rucua'F~--opaupzerzor--m~, vomo zmv/zm o Nnrs ~-~~-uwuowT~~-~ ~~~�eaz.xpca~~~~ --------------------------------- ----------------- -------------------------------------------------------------- s6z1,-sr7 10 muu osuT cxpsmma a o u z v m z n w a a c am c e o^oo ---------------------------------------------------------------^--------------------------`-^~----- suz�-saz�u cuwp-poacosoo rpzcm aoo x we r mm BoLnwC' a o,*o�,00u uu z,Uzr 1/21 n55130 aopr 00418541 22294 prwm FOR zumrAam pmucuama 50,1 onoo 2,482'57s.30 :xmoaaY aorzvz7, ma' v.ou cm' nor.vwcs sm.aoca --------------------------------------------------------------------------------------- ---------------- s«��z-yezzu osvaLOPucm'T roEo o oc r nn z * m ex1, n " « a n.uo ___________________________________________________________________________ 5o/sm Lawn-osrraomaNru asu z w v r ms m a L ^ w c o °.om --------------------- -------------------------------------------------------------------------- --------------------------~--------- sa�-seczo urauarS a xLL17/m TN o o z ww r m G au cxm c s o�010 _ --------------------------------____------------------------------- _--------------------________________________________ 561`-so«1,10 s^mrTxaz aawce a ao z rn s wC, mxcamoE o.00 ----------------------------------------------......_____________------------------------------------------______________ 5611-118810 CoMrorFa uaxo/onrrwuma a c o c n x z m s mx c nm o s m�v� ------------ ...----------`---------------------------------------------------------------------------------........ - s611-soozo F."nnmzroom ` rzurnmF`,s m m s z wm z w G a u La m c c *'*o _________________ __________________________________________________________________ 5611-589io DozLuzmos o Fs z w m z mo a n [� ^ r c m o�uu 2-15-2017 1:46 PM DETAIL LISTING PAGFy 6 FUND : Ili WYLIE ECONOMIC DEVEC CORP PERIOD TO USE Jan 2017 TORN Jan-2017 DEPT » 611 DEVELOPMENT CORP- uxouars:: 561 I-52010 TORO 5611-56910 POST DATE TRAN t REFERENCE 000 ERRORS IN THIS REPORT! '''''' REPORT TOTAS ''''' CREDITS . BEGINNING BALANCES 2,925,076.52 0.00 REPORTED ACTIVITY: 296,293.04 5,007.00CR ENDING BALANCES 3,221,369.56 5,007.0CCP TOTAL FUND ENDING BALANCE: 3,216,362.56 Wylie Economic Development Corporation Balance Sheet Sub Ledger January 31, 2017 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance January 1, 2017 5,778,814.34 ANBTX-88130968 HUGHES/RANDACK(#50 of 60) 10/23/12 10,107.00 109,734.53 9,729.68 377.32 3.99 100,004.85 ANBTX-88130976 WOODBRIDGE PKWY (#29 of 60) 8/15/14 13,267.93 655,993.58 11,794.59 1,473.34 2.61 644,198.99 ANBTX-88148481 BUCHANAN(#29 of 60) 8/13/14 7,331.95 222,881.72 6,631.73 700.22 3.77 216,249.99 ANBTX-88149711 PEDDICORD/WHITE(#25 OF 120 12/12/14 7,382.45 601,053.11 5,278.76 2,103.69 4.20 595,774.35 ANBTX-88158043 K&M/HOBART(#16 of 48) 9/2/15 8,745.25 272,857.22 7,835.73 909.52 4.00 265,021.49 ANBTX-88157334 LINDUFF/EDGE(#7 of 15) 10/21/15 17,059.81 1,616,294.18 11,492.47 5,567.34 4.00 1,604,801.71 ANBTX-88158357 DALLAS WHIRLPOOL(#2 of 60) 11/22/16 6,666.67 2,000,000.00 0.00 6,888.89 4.00 2,000,000.00 JARRARD GRAYS AUTO(#1 OF 120) 12/1/16 3,109.15 300,000.00 1,984.15 1,125.00 4.50 298,015.85 January 31, 2017 $54,747.11 $19,145.32 5,724,067.23 Wylie Economic Development Corporation Inventory Subledger January 31, 2017 Inventory- Land Date of R r. Address Acreage Improvements Cost Basis S -tot is 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 Demo 420,361 R.O.W. 0.18 41,585 Prime Kuts 10/8/07 207 Industrial 0.20 Demo 229,284 R.O.W. 0.11 n/a 77,380 Cazad 3/17/08 210 Industrial 0.27 Demo 200,782 Buchanan 8/13/14 400 S. Hwy 78 1.25 Demo 503,233 Glenn 4/24/15 209 Industrial Ct 0.18 Demo 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 Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 2,902,788 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 Dallas Whirlpools 11/22/16 900-908 Kirby 4.79 2,182,080 2,725,280 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 1.12 Demo 409,390 409,390 Total 26.90 $876,959 44,974 $8,913,593 $8,913,593 *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 December 2016 DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT 01/02/16 Cytracom 160.13 Telephone Service NA 11/30/16 Club Corp 637.86 Dues December Dues 11/01/16 Club Corp 122.58 Business Meeting Satterwhite,Walters 12/16/16 (Ballard Street Café 31.03 Proj. Update Satterwhite, Dawkins 01/04/17 Cotton Patch Café 35.28 WEDC Update Satterwhite, Yeager, Cooper TOTAL 986.88 WEDC Senior Assistant JPMorgan Chase Expense Report December2016 DATE VENDOR I PURPOSE AMOUNT 12/5/16 Walmart WEDC Holiday Promotion 65.12 12/6/16 Tom Thumb WEDC Board Meeting Meal 10.82 12/7/16 Home Depot Key- Happy Motors 1.97 12/7/16 Chilosos WEDC Board Meeting Meal 80.00 12/9/16 ICSC RECon Reg. -Satterwhite, Greiner, Hogue 1,710.00 12/8/16 Home Depot Holiday Plant 24.92 12/28/16 CCIM Sponsorship 1,500.00 Total 3,392.83, WEDC Leasehold Subledger Tenant Address Amount Due Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Helical Concepts 1st 710-711 Cooper II $400 11/29/161 12/22/161 1/25/17 I Wheels Unlimited 15th 605 Comm-Ste 201 $1,400 12/22/16 1/19/17 2/14/17 Trimark Catastrophe 15th 605 Comm-Ste 204 $1,000 12/7/16 2/1/17 Dennis Richmond 1st Steel Rd $500 12/14/16 1/10/171 2/20/17 half Austin/Said LLC 1st 605 Commerce $2,000 12/27/16 1&Half 2/13/17 Austin/Said LLC 1st 106 N. Birmingham $1,000 12/27/2016 2/13/2017 DCU 1st 900 Kirby $3,400 1/10/2017 1/6/2017 1/27/17 Auto Hail 1st 908 Kirby $3,000 12/9/2016 Out4/30 Delta-E 1st 201 Industrial Ct $800 1/6/2017 1/25/17 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF FEBRUARY 2017 MONTH WEDC WEDC WEDC DIFF % DIFF 2015 2016 2017 16 VS 17 16 VS 17 DECEMBER $154,719 $166,418 $197,808 $31,389 18,86% JANUARY 156,685 163,463 196,347 32,884 20,12% FEBRUARY 241,858 260,166 276,698 16„532 6.35% MARCH 171,741 167,082 APRIL 134,475 154,920 MAY 211,645 238,646 J U N E 161,426 180,194 JULY 159,973 212,620 AUGUST 216,962 268,976 SEPTEMBER 195,347 197,339 OCTOBER 160,876 201,506 NOVEMBER 226,078 270,426 Sub-Total $2,191,785 $2,481,757 $670,853 $80,805 13.69% AUDIT ADJ TOTAL $2,191,785 $2,481,757 $670,853 $80,805 13.69% WEDC SALES TAX ANALYSIS $300,0 $ 50,000 , I r I $'200,000 ir Il, $150,000IP 1 %I 1 l Y24 �18 077 $100,000 w �.m... � if 7/ it J i % 1 l I ` J " $0 . a N ' 'Z' ` Ic �' in 6 `N E 2 2 m q - ' -' rn E o E o a. Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director/ SUBJECT: Parking Improvements DATE: February 21, 2017 Issue (Remove from Table) Consider and act upon issues surrounding the construction of parking improvements on WEDC property located at 111 N. Ballard. Analysis Design of the parking improvements south of Boyd Recording Studios has just been completed and is out to bid. It is unlikely that bids will come in prior to the Board meeting with staff requesting the item be tabled until March. Recommendation Staff recommends that the WEDC Board of Directors table consideration of parking improvements located at 111 N. Ballard until the Regular Board Meeting in March. Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Diaccto „, SUBJECT: SAF-Holland DATE: February 22, 2017 Issue Consider and act upon approval of a Performance Agreement between WEDC and SAF-Holland USA. Analysis Staff had anticipated receiving the final Performance Agreement from Abernathy's office but other priorities prevented its completion. Recommendation Staff recommends that the WEDC Board of Directors table a Performance Agreement between the WEDC and SAF-Holland,USA until the March Board Meeting. Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Director 6A. SUBJECT: Renewal of Retail Consulting Services DATE: February 24, 2017 Issue Consider and act upon an Agreement between the WEDC and The Retail Coach, LLC for consulting services. Analysis Attached for your review is a proposal from The Retail Coach to renew the Retail Consulting Services they provide the WEDC and City of Wylie. The program has changed over the years, so here is a brief recap of the services they provide: In 2007, The Retail Coach was initially retained to assist the City and WEDC with development of marketing materials for ICSC, the International Council of Shopping Centers. The program was successful and The Retail Coach helped develop custom flyers, updated demographic data, and even facilitated meetings with brokers, developers and company representatives at the annual ICSC Conference. The Retail Trade Area demographics,property flyers, and overall marketing strategies were refined/updated in 2008, 2009 and again in 2010. In 2011,the WEDC signed a new agreement with The Retail Coach. Together,the WEDC and The Retail Coach developed a Restaurant Recruitment Strategy to identify growing concepts and individual retailers that would be an ideal fit for the City of Wylie. This customized program led to several local announcements over the next couple years. In 2015, the WEDC and The Retail Coach worked together on a more comprehensive Retail Recruitment Strategy. This two-year program was developed to capitalize on the momentum that was gained over the first few years of the partnership. The Retail Coach was 100%responsible for developing the marketing materials, identifying target retailers/restaurants, scheduling face-to-face meetings, and following up with the prospective retailers during the two-year contract period. The program included: expanded market analysis, comprehensive demographic &psychographic profiles, retail leakage reports, appointment setting, and overall trade show representation at retail conferences across the US. While they have not been solely responsible for the recruit of the new retailers, I am confident that they have played a major role in facilitating many of these developments here in Wylie. I feel that it is important to have full-time professionals that assist with our recruitment strategy from beginning to end and maximize their relationships with the brokerage community. WEDC—The Retail Coach Agreement February 24, 2017 Page 2 of 2 I've provided an outline to summarize The Retail Coach (TRC) Program: • Trade Show Representation&Appointments/Meetings o ICSC RECon o ICSC Deal Making o Retail Live! o Other Events that TRC attends o Developer and Retailer 1-on-1 meetings when possible • Demographic Research o RTA &Demographic updates for 2017 o Cell Phone Analysis • Property Flyer Development o Updated Retailer Maps o Updated Traffic Count Map o Updated/New Property Flyers as needed • Recruitment Services & Outreach Activities/Reporting o TRC outreach to Retailers,Developers, etc o Activity updates every two months o Will report directly back to WEDC Staff As shown on Page 18 of the proposal the project fees equal $30,000 which establishes a two-year service agreement and secures on-site assistance (scheduling in attending meetings) for ICSC RECon 2017 and 2018. Staff Recommendation Staff recommends that the WEDC board of directors authorize the executive director to enter into an agreement with The Retail Coach in the amount of$30,000 for the creation and implementation of a retail economic development plan. Attachments Retail Coach Proposal /' ill 11f 1 '/ 11)1 I ' I, I i III I m imm l UI m rig^ � iffil III m,o�� 1 ( I o0000 Pfr 000 ��J! mo, u m o,o I 1 l IIII i m d1 ��, lllr' IIIIII,I i�'V11;, 1 WYLIE ECONOMIC DEVELOPMENT CORPORATION i FEBRUARY 20, 2017 d J ( ) ), l l • • oia • IN A 1O0°°°0°°°°°l °0fffffffffffff Creating places to relax, dine and shop. T % T «11 TUPELO THE RETAI LCOACH.N ET < 1 rLI < INFO@THERETAILCOACH.NET CONTENTS FIRMN ROFILI ................. ......... .............................. ................. 5 PHASE 1, GOMMUMTY CORE ANALYSIS ....... ............... ............ PHASE : MARKETING -F BRA 'DINNG,,. _12 PHASE , GIST DATA PLATFORM ................... ................. ... .... 14 PHASE , RETAILER RECRUITMENT PLAN..... ......... .............._15 PHASE 5: DEVELOPER RECRUITMENT PLAN . ........ 16 DELIVERABLES ,.......,. 66 ()lir piiri)()se is to provide an tiii( onintoti level . of customized service and (ixpei.tise to help coliiirimitities move beyond the data to retail i 9.11 expansion and development 1.estilts. C. KELLY COFER, CCIM PRESIDENT&CEO,THE RETAIL COACH.LLC fifiii#0/Miir /iJJIIIIIIIIIIIIIIIIIIII. 2e 16 yEARs REPEAT \ 2 CLIENTS c..„, . OF SERVICE 0 .... , XI 1 ' > 0 1 0 ' 1 0 140,,''' 0„0 ,3 0 0, 1 0 10011 t 1 0 0. 0, 0 1 < 0 ;, 4 , ; ,_16,0 4 4 -- i 11 1 1111 1 . .. ,,,,,,,L , 0 A,,, ,,,,,,, t.4 t.i.: . i,of' 0 1111 v ) I L ,‘ ._. 4, ,,A1 jr.14,,,,7';',11:1-41h'ii 1111111111 ...ir, _ - " 7 101,1, , , „,h 0 ill' ,1 1 - _•' _ 0 ii ,, 101 0 . 4 t •; , 1 lo a u t r Ji t '11 7,4,,t04, VI If L r t 1 M Z 4.,$11 .0-1' ;4' 1 ,r''11 ti0° 00, "0( o, .• 0,,,, tr,, 10 • , 0t-1, ,I,0••00 , 1,i,0 —I i— i vv d 10 1 t i 0 1001 I,J k yr i m x 100 11111 v 0 v < 01 Z ct SINCE 2000E BROUGHT , RECRUITINGE' SUCCESS TO a------- 400+ CommuNITIEs (IN) 29 STATES ii For more than 16 years, The Retail Coach (TRC) has been the "go-to firm" for municipalities, economic development organizations, chambers of commerce, real estate developers, and retailers seeking practiced advice on retail strategy, property development, property redevelopment, and urban revitalization. As the first transaction-oriented retail real estate advisory firm in the nation—with experience in more than 400 communities and repeat assignments with over 88 percent of them—we provide tailored, end-to-end retail economic development strategies for clients. Our success lies in our unique private-sector perspectives and experiences—that of a retailer and a retail real estate practitioner. These unique abilities and insights are based on knowledge gained from working as a national site selector in the corporate real estate department for an NYSE-traded national retailer and as a real estate broker representing retailers with programmed market analyses and site selection. Our Retail:360® Process approach is tailored to each client's specific needs, goals, and opportunities, and includes the following phases: • Metro Research • Community Core Analysis • Marketing & Branding • GISt Site Mapping Platform • Retailer Recruitment • Action Plan • Developer Recruitment • Supportive Retail Coaching to ensure clients gain a competitive edge in the marketplace • Urban Revitalization Our experiences and strategies have assisted in the leasing, selling, development, and redevelopment of millions of square feet of freestanding, urban, strip center, mixed-use, and mall projects throughout the United States. I. ' Ol ll. r,Y 0 ru/ I , j ''i )), f If +i111 C. KELLY COFER. CCIM IYNN PRESIDENT/CEO fi 11IIII CEO C.Kelly Cofer founded The Retail Id, P Coach 16 years ago and continues to 11 blend his expertise in retail real estate m i,,,1p ; and corporate site selection with his '19 , 0 h knowledge of economic and community development to assist more than 400 j uu 1' communities across the U.S.in reaching r,,,., 1.11 their retail potential.As a recognized % 1r expert ert in finance,market research and � 11,111 � o analysis, urban and suburban retail, ;� I�� property development and �11IIII' redevelopment, Kelly's 30 years of experience in the retail real estate business are unmatched.The Retail Coach was born from Kelly's determination to see communities succeed and to give city leaders the knowledge and ability to recruit retail. Kelly lead the site selection for new stores and headed the rollout for national restaurants and retail brands as a commercial real estate broker in Dallas,Texas.As Vice President of a land development firm, Kelly conducted the identification and acquisition of prime retail development properties in the state of Texas. His extensive experience includes national site selection in the corporate real estate department of a NYSE-traded national retailer leading market analysis and new market site selection. Kelly attended the Economic Development Institute at the University of Oklahoma,holds a Bachelor of Science degree from Texas A&M University,and earned the prestigious Certified Commercial Investment Member(CCIM) designation from the Chicago-based Commercial Investment Real Estate Institute. As a nationally recognized speaker, Kelly has given speeches and led seminars on retail real site selection,retail development,community and economic development,and urban revitalization for industry organizations throughout the United States. f1,1110 „ AARON FARMER j ��i SENIOR VICE PRESIDENT iitoolooillilliv11111 ��Ig1111 For ten years,Aaron Farmer has served "" as the Senior Vice President of The Retail dllllllii �� Coach.Aaron's knowledge of the retail industry has helped him lead projects in fl , ��1111 over 20 states,providing successful it % ''' III' retail strategies and retail recruitment to �� j11111111111111 public and private clients. ° / �i��lllui(f'�!, Gy�� ' Aaron holds a Bachelor of Science ��11' degree in Marketing from the Mays wu� Business School and a Masters of loos Business Administration from Texas A&M University. Prior to joining The Retail .. iV��III Coach,Aaron was employed in marketing research and retail development where he worked on projects for some of America's leading retailers and restaurants including FedEx, Kinkos,Sally Beauty Supply,Adidas,Concentra,and the National Association of Subway Franchises. As a highly sought-after speaker,Aaron has given presentations to organizations and municipalities throughout the United States.He is also the instructor for the Texas EDC and the Economic Development Council of Colorado's Basic Economic Development Course. Using his extensive national retail and real estate developer network within the retailing industry,Aaron has successfully recruited major brands,including Costco,Academy Sports+Outdoors,SuperTarget,Walmart Supercenter,Sprouts,and HomeGoods,to municipalities across the United States SCOTT EMISON I VICE PRESIDENT - OPERATIONS , Scott Emison, Director-Retail Strategy,believes retail is the most important 11 JI modern-day economic driver and is passionate about working with r# municipalities to seek and execute their potential for better retail and, ultimately,a better quality of life.With a background in architecture and fd%1, business development,Scott has found his true calling in a marriage of the two at The Retail Coach. ry. After the devastation that ripped through the Mississippi Gulf Coast during 111 Hurricane Katrina,Scott worked in an Honors Master Planning Studio to help rebuild the area.He studied Urban Planning Design and Documentation while studying abroad in Vicenza, Italy.He graduated cum laude with a Bachelor of Architecture from Mississippi State University,where he interned at the Carl Small Town Center. He holds an Urban Planning Certification from the MSU Gulf Coast Community Design Studio and previously served on the Downtown Tupelo Main Street Association Design Committee. He worked as an adjunct instructor teaching workforce level drafting and design classes.Scott has eight years of project management experience working in commercial architecture and development. With experience in planning and design,Scott focuses on trying to understand what makes each client community unique and tailors a strategy to reflect the community's current needs and vision for the future. KIMBERLY ALLRED PROJECT MANAGER Kimberly Allred graduated cum laude from the University of Mississippi with a Bachelor's degree in International Studies and Spanish.She returned to Ole AI I Miss to receive a Master of Business Administration.While in college, Kimberly was a student of the Croft Institute for International Studies and a II VINO �" �l member of the Sally McDonnell Barksdale Honors College where she ten,„xs traveled extensively from studying abroad in Spain to thesis research in San ill Francisco.Her previous career experience includes political campaign scheduling and finance,business consulting for several small businesses and non-profits,and retail management with the iconic retail brand Anthropologie.The critical thinking,interpersonal,and customer service skills she acquired in these positions propel her forward in the role of Project Manager,where Kimberly serves as the clients'go-to member of The Retail Coach team.A talented painter, Kimberly channels her creativity into marketing client communities at The Retail Coach. MATTHEW LAUTENSACK RESEARCH AI' AII.)(SI _ IRET A.IL S..FRATE Y Roo '1 Oswego, New York,native Matthew Lautensack brings a specialization in technology integration to The Retail Coach team.Proficient in user experience,digital platform design,ecommerce,and digital advertising, Matthew is a tremendous asset to our staff.As the Director of Information Technology and Ecommerce Strategy at SallyeAnder, Inc.,in Minetto, New 11111111,,, York,Matthew was a part of the lead sales team at industry trade shows, built and maintained the company's web presence,and was the lead on all jecommerce activities. MARY-FRANCES STEPHENS CREATIVE SPECIALIST 1P111111 When presented with information,technology,and an idea, Mary Frances r takes the ordinary and transforms it into the extraordinary. With a Bachelor of Art Degree in Graphic Design from the University of Mississippi and by r ��, ' traveling to over 14 countries, she brings an exciting new perspective to The ' , ��- l 010 Retail Coach.As an artist,she is passionate about cultural differences and focusing in on her surroundings with a new light. Mary Frances uses her'' passions with The Retail Coach bybringing an extra spark in creative II y PG � � `� 9� 9 P marketing for client communities around the nation y p� 4 �k, Yl� �i 1 . Ik �� /� �,ol�l 'ff �, y� w l UNI 1TY C ' ANALYSIS c;-,1 2.1 I DETERMINING RETAIL TRADE AREAS The retail trade area is the foundation of the strategy, and its accuracy is critical. The retail trade area is the geographical area from which a community's retail derive a majority of their business. To best confirm a community's retail trade area, we will execute the following strategic steps: Mobile Data for Location Decisions TRC will utilize mobile location technology that analyzes location and behavioral data collected from mobile devices to determine consumer visits to Wylie and its retail districts. This hiith•-confidence data 'iis used to verify retail tirade areas and validate retail site selection and expansion decisions. Discussions with Retailers TRC will interview national and regional retailers, seeking input on their business performance and, most importantly, where consumers are traveling from—based on point- of-sale data. No one knows the travel and shopping behavior of consumers better than the retailers themselves. This point-of-sale data is significantly more accurate than computer- generated estimates of radial and drive-time populations. Retail Trade Area Mapping TRC will delineate a boundary map of the retail trade area using mobile data collected and retailer interviews. 2.2 DE °GRAPHIC PROFILING A community must be able to instantaneously provide information and data sets sought by retailers during the site selection process. The data must be accurate, current, and readily available. The Retail Coach will create comprehensive 2010 Census, 2017, and 2022 demographic profiles for the retail trade area, Wylie community, and appropriate drive times.The profile includes the following characteristics: • Population and projected population growth • Population growth trends • Ethnicities • Average and median household incomes • Median age • Households and household growth • Educational attainment 2.3 •_GRAPHIC PR* FILING; As retail site selection has evolved from an art to a science, psychographic lifestyle segmentation has become an essential element of retailers' preferred location criteria. Understanding a consumer's propensity to purchase certain retail goods and services—as well as specific retail brands—is valuable to national, regional, and independent retailers. Understanding consumer behavior and their retail purchasing habits eliminates risk for retailers to make site decisions. Based on the market segmentation system developed by ESRI,TRC will develop a Tapestry Segmentation profile of the households in the retail trade area by using the most advanced socioeconomic and demographic data to: • Measure consumer attitudes, values, lifestyles, and purchasing behaviors to understand the categories and brands of retailers that may be of interest. • Graph lifestyle classifications, highlight dominant lifestyle segments, and provide comprehensive definitions of lifestyle segments. • Rank lifestyle segments and categorize them by summary group, segment code, and segment name. 2.4 DETERMINING The workplace population or labor market area is important to quick-serve and casual dining restaurants that rely heavily on lunch business. A community's labor market may be confined to city boundaries, or it may include areas of employment outside the boundaries. TRC will provide an employment summary report detailing the total number of establishments, by industry, and employee counts within the designated labor market area.This report will provide insight into the "work here" population versus the "live here" population. 2.5 IDENTIFYING RETAIL GAPS A retail gap analysis will determine the level of retail demand for a designated retail trade area. The analysis computes the retail potential of the retail trade area and then compares it to estimated actual sales in the community. The difference is either a leakage, where consumers are traveling outside the community for certain retail goods and services, or a surplus, where consumers are traveling from outside the community for certain retail goods and services. TRC will perform a retail gap analysis to calculate the approximate flow of retail dollars in and out of Wylie. The retail gap analysis will: • Identify retail sales surpluses and leakages for more than 88 retail categories. • Distinguish retail categories with the highest prospect for success and quantify their retail potential. • Develop and provide summary tables and graphs of each retail category, illustrating potential sales versus estimated actual sales. 2.6 IDENTIFYING Retailers are interested not only in the market data on your community, but also in evaluating all available sites that fit their site selection criteria and location preferences, A community must create and maintain a database of prime available properties along with accurate and current marketing information. TRC will identify five prime retail sites to market. Selection criteria will be based on the essential factors of regional and national retailers' site selection criteria, including location and character of the area, retail trade area population, traffic and traffic patterns, visibility, adequate parking, available signage, and safety. Q PHA"'' E „,1 BEING° IIkI The most critical step in attracting targeted retailers is providing accurate and current site- specific information to corporate site selectors, real estate brokers and developers. 2.1 •,FILE TRC will develop a retail market profile tailored to the specific needs of targeted retailers' essential location criteria. The profile serves as a community introduction and includes: • Retail trade area map • Location map • Traffic count map • Demographic profile summary • Appropriate logo and contact information TRC will create a retailer-specific retailer feasibility package to address retailers' essential location criteria.The feasibility package includes: • Community overview • Real estate sites • Location map • Retail trade area map • Existing retailer aerial map • Retailer location map • Retail trade area demographic profile summary • Retail gap analysis summary table • Retail trade area psychographic profile • Retail trade area demographic profile • Community demographic profile • Area traffic generators • Retail site profiles • GISt interactive maps • Appropriate logo and contact information TRC will create an online community dashboard, which is available at www.Retail360.us, for visual presentation and easy downloading of marketing information and data sets. 2.3 RETAIL SITE PR• FILES TRC will create a retail site profile for each identified site with current site-specific information, including: • Location • Aerial photographs • Site plan • Demographic profile • Property size and dimensions • Traffic count • Appropriate contact information 2.4 REAL ESTATE DEVELOPER OPPORTUNITY PACKAGE TRC will create a developer opportunity package for development and redevelopment sites that are identified and analyzed. The package will profile each site based on real estate developers' site selection criteria. The developer package includes: • Community overview • Location map • Retail trade area • Demographic trends • Aerial imagery • Traffic counts • Site-line visibility from major and secondary traffic arteries • Ingress/egress for primary and secondary traffic arteries • Appropriate zoning • Area retail • Top employers • Workplace population • Potential retail tenants TRC will also upload the developer opportunity package to the online community dashboard at www.theretailcoach.net. 2.5 • TRC will represent Wylie and market its real estate sites to retailers and real estate developers at retail industry conferences attended. PI PH : 3111 I allA TA PIA 3.1 I SITE As an accredited ESRI Partner,TRC is able to deliver concise, easy-to-access data for the Wylie community, along with the preloaded 5 prime sites and the 5 new development and redevelopment sites we will be marketing to retailers and developers (Sections 2.7 and 2.8). Considering retail site selectors do much of their research while in hotel rooms and in airports, this is a great advantage to Wylie. Unique GISt maps and data can be hosted as a stand-alone application on your iPad or embedded within your community's website for"touch of a button" universal usage by retailers, developers, real estate brokers, and existing retailers in Wylie. GISt is a powerful platform that streamlines sites and data into one interactive and centralized location. Demographic, socioeconomic, psychographic, and retail spending layers are detailed down to the block level. With customizable layers to meet the needs of each individual user, real estate brokers, site selectors, and developers can see a community's potential like never before. Each user-friendly map includes clickable layers revealing: 0 Median household income O Population density • Population growth • Psychographic lifestyle segmentation • Ethnicity median home value O Median age °„II 'I11l f,SE !' : RET 0111:MIR RECRUIT° I'1'rIIL' I N Ai I RECRUIT ENT OF RETAILERS TRC is the first national retail real estate advisory firm to introduce retail recruitment for communities. Sixteen years and more than 400 projects later, the recruitment of retailers remains one of the primary metrics of success. While accurate and current data are necessary, one of the most important components of a retail strategy is proactive recruitment. Since recruitment is a process, not an event,TRC team is actively engaged in recruitment efforts over a 12-month period to ensure success. Our recruitment process includes the following steps: Step 1: Identification of Retail Prospects TRC must target retail brands that are a good "fit" for the community which means the retail trade area population, disposable incomes, ethnicities, ages, and education levels should meet the retailers' ideal location criteria. TRC will identify regional and national retailers whose essential location criteria fit within findings from the metro analysis, community core analysis, retail trade area demographic and psychographic profiles, and retail gap analysis. These retailers will be matched with the specific real estate sites identified. TRC team will review a preliminary target list with Wylie staff and work together to prepare a final target list of 25 retailers for recruitment. Step 2:Recruitment • Introductory emails and retail market profiles are sent to each targeted retailer. • Personal telephone calls are placed to measure interest level. • Personal emails and retailer feasibility packages are sent to each targeted retailer. • Personal emails and retail site profiles for prime sites are sent to the appropriate targeted retailer. • Personal emails are sent to inform targeted retailers of significant market changes. • Personal emails are sent to decision makers once per quarter to continue to seek responses regarding their interest level. A retailer status report is provided with retailer responses resulting from our continued recruitment activities on a monthly basis. II I° °, « p EREc„,III 1" IE,!1111°1I� PLAN 5.11 RECRUIT ENT • F REAL ESTATE DEVELOPERS Much of recruitment success comes from establishing a network of national retail developers over the past 16 years. Developer networking and developer recruitment have become key components in a community's retail recruitment and development success. Retailers have specific property requirements based on their site location criteria. A mid- to high-tier retailer might show interest in a community; however, there may not be sufficient ready-to-lease properties matching their needs and brand requirements. Relationships with developers are important in these situations to capitalize on retailer interest and opportunity. Step 1:Identification of Developer Prospects Identify 25 retail real estate developers active in Texas and the United States. Step 2:Recruitment • Introductory emails and developer opportunity packages are sent to developers. • Personal telephone calls are placed to measure interest level. • Personal emails are sent to inform developers of the status of interested retailers and any significant community changes. A Developer status report is provided with retailer responses resulting from our continued recruitment activities on a monthly basis. 11 HASE TAL , C MC 6.11 RETAIL C.ACHI Because retail recruitment is a process, and not an event, TRC partners with Wylie on a long-term basis. IRC has and iriti continue to be ava6labie when you have questions, new itlt.r,as, need access to GS rrapong, or just want to brahistorm MCI someone who understands your opportunities as your corimunRy grows and develops. The "IF,..(2 team s also available during the Retail Coacfting Phase to create new reports as needed, and customize these reports to spec he retakrr and developer prospects It is critical you continue the recruitment process with the most current data and statistics available to capture these positive changes. In this regard, consider TRC both a sounding board and an experienced resource. We will be available via email and telephone at no additional charge in an off-site advisory capacity for the entirety of the 24-month agreement. This approach is unique to TRC, and it will contribute to ensuring your community will achieve its retail recruitment and development goals. � 1 !/I f li ( r Q l �J i 1 %'G II U III 1 PROJECT REPORTING The Retail Coach will utilize a reporting process to provide written or electronic project updates on a bimonthly basis. 2ICOMMUNITY TRIPS TRC team will make a minimum of three site visits to Wylie during the project. EINE b PRICING TRC team is available to begin this work immediately upon agreement of terms. The project period is two (2) years,A project timeline will be submitted to staff at the kickoff meeting, indicating trip details and potential delivery dates. Project Fees The total fee for completion of this work is $30,000, payable in three installments: a) $10,000 upon execution of the agreement; b) $10,000 upon updating all 2017 reports, Retail Site Profiles, and all branding and marketing materials; c) $10,000 upon 18 months after execution. Project fees are payable within 30 days after receipt of the invoice. Should Wylie request a special assignment or additional work not specifically referenced in the contract, TRC will prepare a written authorization to be signed by Wylie in advance of commencing any additional work. Reimbursable Project Expenses It is estimated that reimbursable expenses will be approximately $1,500. Reimbursable expenses include: a) All travel costs; b) Cost of special renderings and maps, if any; • Cost of copies for reports and maps/drawings; and c) Cost of shipping expenses, if any. Project expenses are payable within 30 days after receipt of the expense invoice. TRC will provide the following deliverables on a flash drive. 1M ) r; 1 II '„ « ri M TRC has found that communities must have accurate, current information at their fingertips and be able to respond to the requests of corporate retail site selectors, real estate brokers, and developers instantaneously. To enable communities to better meet these demands, we provide select reports in a package format, which includes cover page, appropriate logo and contact information, and sourcing. PHASE 1: CO UNITY CORE ANALYSIS • Retail trade area map with demographic profile (historical/current/projected) • Wylie community demographic profile (historical/current/projected) • Retail trade area psychographic profile, including dominant lifestyle segmentations • Daytime population summary • Retail gap analysis, including a summary table showing surpluses and/or leakages PHASE ® w • Wylie retail market profile • 25 retailer-specific feasibility studies • Five retail site profiles • GISt interactive site mapping platform • Developer opportunity package PHASE 3: GIST DATA PLATFOR PHASES 4-5: RETAILER • Target list of 25 retailers with contact information • Retailer status report based on retailer contacts • Target list of 25 real estate developers with contact information • Developer status report based on developer outreach PHASE ® C.:ACHING viiirrrrrrtof o � '(p -li r C f� r f JJ}• rl 1 f I III IN WITNESS WHEREOF, the parties have executed this agreement as of the___day of , 2017. The Retail Coach, LLC, BY: _.M.._.. ._._._._ ...._,,.. --. , _ . C. Kelly Cofer, President/CEO Wylie Economic Development Corporation BY: 1111 m«««« 1111u111� 11111111111auui� 111111 Nit IIIIIIIJ 11111111 gi lJl t ,�111111111111. 1111111111111 f i, ul�T I lllllllfllll uuu11JJJJ D/uu MA l�� mug ��( ��fj/, �llh 111111111111 Ullllb 111111111 IIIIIIII uullpl »11if uulm 11111 11111 11�u 111111 l «fffuf� .4,,�� 11111 1111 I��U�� J uml(((� 111i1u1 1111111 �lli�,, mmop a�p�0/, 11 111111111uu11 1 11a int II In Ililillll' IIl/llllll III i if/ 11 bdlDllr'/,e Illlllllllllllllllr )%%//�; 11111111 /l///%off%i///%/////r/✓/%//%//%%/%///O%//%/%//////a/////%l//%/%/Ll%/%/%%%%%%%1///i//%////l/%%%///i////%%%/I//1%O%///l%/%%///,////O/%%///%////i//////%///lll////////!%///%/////O///i/%/O/%/l/%%///i/////ll/11!//1!((%6/%////l/%%/////%//l// O% %G(((IIL%/%//O/O%/O%/////%/////0/%l/////////1%/l/l/%%/O///O//////// 0.0 800.851.0962 I info(atheretailcoach.net I www.theretailcoach.com Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Direct SUBJECT: All State Fire Equipment DATE: February 21, 2017 Issue Consider and act upon issues surrounding a Performance Agreement between the WEDC and All State Fire Equipment, Inc. Analysis On December 29, 2014, the WEDC entered into a Performance Agreement with All State Fire Equipment. The Agreement was further Amended in May of 2015 to allow for the date by which a CO was issued to be amended from December 31, 2015 to August 1, 2016. The Board may recall that there was considerable difficulty during the All State loan process due to the appraiser having difficulty identifying comparable sales comps in the area. All State had to put more cash down to offset the appraisal challenges. Construction started in July 2015 with a CO subsequently issued on March 9, 2016. What staff failed to realize at the time of the Amendment was that Incentive Payment No. 2 of $20,000 was based upon personal property values coming in at $215,000 and being included in the required $1.1 mm cumulative total value of real and personal property. With the CO not issued until March 2016, personal property was still in Rowlett and valued that way as of January 1, 2016. Real property value came in at $956,445. Had the personal property been located in Wylie as anticipated when the Agreement was originally signed in December 2014, the total valuation would have been $1.4 mm with the actual personal property value in Rowlett coming in at $459,950. Section IV of the Agreement indicates that the incentive payment will be voided if the Performance Requirements are not met. Under the extenuating circumstances, staff would like for the Board to discuss potentially reducing the incentive payment by what would have been generated in property taxes on the projected $215,000 in personal property or the actual personal WEDC-- Ali State Fire Equipment Febivaty 21, 2017 Page 2 of 2 property value of$459,950. $215,000 would have generated $2,836 with $459,950 generating $6,066. Subtracting those amounts from$20,000 would net$17,164 and$13,934 respectively. Recommendation Staff recommends that the WEDC Board of Directors approve an amendment Incentive Payment No. 2 of$13,934. Attachment Performance Agreement PERFORMANCE AGREEMENT between WYLIE ECONOMIC DEVELOPMENT CORPORATION and ALL STATE FIRE EQUIPMENT, INC. This Performance Agreement (this "Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"),and All State Fire Equipment,Inc., a Texas Corporation(the"Company"). RECITALS WHEREAS, the Company is desirous of making real and personal property improvements in the form of a 9,300 square foot office/warehouse (the "Project"). The project will have an estimated valuation of One Million One Hundred Seventy Five Thousand Dollars ($1,175,000) and will be located at 1305 Century Way in Wylie,Texas (the"Facility"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to offset the cost of the construction for the Project and other expenses associated with constructing the Facility in the City of Wylie, Texas; and WHEREAS, the construction of the Project in the City of Wylie, Texas will ultimately create"primary jobs", as that term is defined in the Act; and WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of business properties within the City;and WHEREAS, for the public purpose of promoting economic development and diversity, increasing employment, reducing unemployment and underemployment, expanding commerce and stimulating business and commercial activities in the State of Texas, and the City of Wylie, the WEDC desires to offer economic assistance to Company as more particularly described in this Agreement. NOW, THEREFORE, for and in consideration of the promises, covenants and agreements set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and Company agree as follows: I. Economic Assistance. Subject to the terms of this Agreement,the WEDC will provide the Company economic assistance in an amount up to, but not to exceed Sixty Thousand Dollars ($60,000.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on February 1,2018. Page 1 of 6 Macintosh HD:Users:ydamon:Desktop:Perrormance Agrcement.doc Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Payment Schedule: Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Incentive Incentive Expiration 2015 No. 1 $788,000 $20,000 $20,000 2-1-2016 2016 No. 2 $1,100,000 $20,000 $40,000 2-1-2017 2017 No. 3 $900,000 $20,000 $60,000 2-1-2018 II. Performance Requirements hol:Economic Development Incentive. a. Incentive No. 1: An Economic Development Incentive of Twenty Thousand Dollars ($20,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1: 1) Receipt of documentation by WEDC supporting the construction of a nine thousand three hundred (9,300) square foot office/warehouse as evidenced by a Certificate of Completion or a Certificate of Occupancy issued by the City of Wylie on or before December 31, 2015, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of documentation by WEDC supporting a minimum construction cost of the project of Seven Hundred Eighty Eight Thousand Dollars ($788,000) as evidenced by (a) a building permit issued by the City of Wylie evidencing the required minimum construction cost, and (b) paid construction invoices supporting the minimum construction cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 3) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31st of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 1 is February 1, 2016. b. Incentive No. 2: An Economic Development Incentive of Twenty Thousand Dollars ($20,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 2: 1) Receipt of documentation by WEDC supporting a minimum valuation of One Million One Hundred Thousand Dollars ($1,100,000) for real and Page 2 of 6 Macintosh HD:Users:ydamon:Desktop:Perfomiance Agreement.doc personal property located at 1305 Century Way, Wylie, Texas as evidenced by a certified appraisal issued by the Collin County Central Appraisal District, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company has paid all ad valorem taxes and other property taxes due on the Project by January 31St of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC by February 1st of the year after the taxes are assessed: and 3) Receipt of documentation by WEDC in a form satisfactory to the WEDC evidencing the payment of Sales Tax to the Texas Comptroller of Public Accounts on behalf City of Wylie in an amount not less than $5,000 for the 2016 calendar year;and 4) Eligibility expiration for the Company to qualify for this Incentive No. 2 is February 1,2017. c. Incentive No. 3: An Economic Development Incentive of Twenty Thousand Dollars ($20,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 3: 1) Receipt of documentation by WEDC supporting a minimum valuation of Nine Hundred Thousand Dollars ($900,000) for real and personal property located at 1305 Century Way, Wylie, Texas as evidenced by a certified appraisal issued by the Collin County Central Appraisal District, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company has paid all ad valorem taxes and other property taxes due on the Project by January 31 st of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC by February 1st of the year after the taxes are assessed:and 3) Receipt of documentation by WEDC in a form satisfactory to the WEDC evidencing the payment of Sales Tax to Texas Comptroller of Public Accounts on behalf of the City of Wylie in an amount not less than $5,000 for the 2017 calendar year; and 3) Eligibility expiration for the Company to qualify for this Incentive No. 3 is February 1, 2018. III, WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement, the WEDC shall pay the Incentives within approximately thirty (30) days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met or exceeded by the Company. Page 3 of 6 Macintosh HD:Users:ydamon Desktop:Pertormance Agreement doe IV, Non-Attainment of Performance Requirements. In the event that the Company does not meet or exceed Performance Requirements as specified in Section II, the WEDC Economic Development Incentive will be voided in advance of payment. The Company will however be eligible to qualify for incentive payments in future years. The Company will not be eligible to receive an Economic Development Incentive payment if documentation supporting Performance Requirements are not received by WEDC prior to the Eligibility Expiration Date, V. Economic AssistanceTermination. The Agreement may be terminated by mutual ,., .,._. __.mm...... . agreement of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in Section II above. Regardless of the Company's level of attainment of the Performance Requirements set forth in Section II above, the WEDC's obligation to fund the Incentive payments will expire in full on February 1,2018. VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a condition to any advance in the Agreement, WEDC requests that the Company satisfies its need for all construction contractors from Wylie residents and purchase all materials, supplies and services necessary to affect the Project and subsequent occupancy of the Facility from Wylie merchants and businesses. VII. Community Involvement. Although not an event of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Wylie, Texas, and to actively encourage its employees to be involved in such organizations and/or activities. VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary Company's records, documents, agreements and other instruments in furtherance of the following purposes: (i) to ensure the Company's compliance with the affirmative covenants set forth in this Agreement; (ii) to determine the existence of an Event of Default under the terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set forth herein or any related documents. Company will provide reports certifying the status of compliance, jobs retained, new investments and any other relevant information until the termination of this Agreement IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to g disburse WEDC Economic Development Incentives if the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, is adjudged bankrupt, makes any materially false statements to the City and/or the WEDC, files suit against the City and/or the WEDC, or an Event of Default under the terms of this Agreement occurs. Page 4 of 6 Macintosh ND Users:ydamon:DesktorPerforrnance Agreeuserrt doe X. Miscellaneous. a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable by Company without the prior written consent of the WEDC, which consent may be withheld by the WEDC in its sole and absolute discretion. b. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with article 5190.6, article 5190.6 shall prevail. c. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all of the parties hereto. d. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County,Texas. e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested,postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, Texas 75098 COMPANY: All State Fire Equipment,Inc. 3902 Melcer Drive, Suite 201 Rowlett,TX 75088 Attention: Yvonne Damon 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. EX 11 l.Wl. this 7 day of-Oeteber, 2014. ti-4,1tAihta WEDC: Wylie Economic Development Corporation Samuel D.R. Satterwhite,Executive Director Page 5 of 6 Macintosh HD:Users:ydamon:Desktop:Performance Agreement,doc COMPANY: All Stat Fir Equip, ent, nc. v rme Darrion, kesident Page 6 of 6 Macintosh HD Users ydamon Desktop Perforrnance Agreement.dor Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Di rector SUBJECT: Texas Dirt Contractors DATE: February 21, 2017 Issue Consider and act upon the awarding of a bid to Texas Dirt Contractors for the completion of Sellers Work as identified in the Purchase and Sale Agreement by and between Wylie Economic Development Corporation and Chick-Fil-A, Inc. Analysis As required within the Purchase and Sale Agreement between the WEDC and Chick-Fil-A (CFA), the WEDC is required to construct 2 deceleration lanes, a mutual access drive, and reconstruct median improvements. As specifically negotiated to offset the cost of an oversized deceleration lane at Cooper Drive, CFA will pay WEDC $41,000 at closing. Firms bidding on the job were as follows with their bid amount included: Tackett Concrete $522,320 Bright Excavation 538,000 Texas Dirt Contractors 475,209 Other firms that were contacted but could not bid based upon current workloads were Tri-Con, Holly&Holly, MCG Construction, and GT Construction. A full set of plans has been submitted to the City of Wylie Engineering Department and approved. Helmberger Associates will provide project management services until construction is completed. While Helmberger Associates is familiar with Texas Dirt Contractors work, Mr. Joe Tidwell of the City Engineering Department has overseen several Texas Dirt projects locally and has assured staff everything will be done by the book and monitored closely. The Start Date as identified in the attached Contractor Agreement is March 17, 2017 with the Completion Date April 28, 2017. WEDC—Texas Dirt February 21, 2017 Page 2 of 2 Mr. Randy Hullett is taking the business points within the Contractor Agreement as attached and placing those terms into a standardized format which Mr. Hullett has indicated more thoroughly protects WEDC interests. The Board will note that Draw #1 within the Contractor Agreement of $61,160 is incorrect. Draw #1 in the amount of$37,400 as reflected in the Exhibit B Draw Schedule is accurate and will be reference within all Contract Requirements as developed by Randy Hullett. Recommendation Staff recommends that the WEDC Board of Directors award a bid for infrastructure improvements to Texas Dirt Contractors in the amount of $475,209, further authorizing the WEDC Executive Director to execute all documentation necessary to effectuate subsequent Contract Requirements as developed by Randy Hullett of Abernathy, Roeder, Boyd, &Hullett. Attachment Cover Page—Paving Improvements Turn and Deceleration Lane Exhibit Contractors Agreement Draw Schedule LANES , "x l , •\ Y \ t _ I ' \ ( i 1 \. ' 1g\ • 1 . ROILS I F. -CHIN TILI SICE iICIII(F WAS M1I_l r. _ r cur•,nacAr; ael:rr,A, �Ili \ 7.AY ter VIRNRCRO r.✓.nJ NIAUIP RI,UNIFORM F:A-FIC \ _C:OFRHn0NR AJOFTED BR Rif REAR DEPAR'ISEIC OF tSACASCORT HA M1E GIVER, N f` FL(RSEC Ir I. TEAL ,('CITY � g`� \{ T,Y L I 9 � �� .. ..S nS F(.CLC IS SHALLIGIR UN SIR PARSECS"Ul-ALL NILNK CITY �9�1 \A1 Yrf IM1`l If�TAIC til�I li 01 WAY �. SHEET INDEX 4 C 11w. -, 2 _F__4_lij €R 1s .P , F F Lam`s3i531 fi S 0-212C 4-O RSA.'. T -4.• r OWNER: yam* w WYLIE ECONOMIC DEVELOPMENT CORPORATION ,� 250 S. HIGHWAY 78g e r' € € . �aa :442 t , :.. VtYLIE,TEXAS 75098 F .. C€ r PRQAC_ LM,SID �� r- _ ` 13h.{_-_- c wig 1+`Fvbc zwz'&,-`---f C VC: --:—▪ A SAM SATTERWHITE �,,i<Fr 4r Tc4P __5 O i _,,-.,. (972) 442-7901 E FC Wi*a w & - -S. 9 K - . I z a12, - > .-a Pt kr,t c mu sit l-„ BAR 4 r 4 ▪-' ENGINEER: `6.' CC;S. VN Px z s .;, Oc.r 3 HELMBERGER ASSOCIATES, INC 0. CM- -21 2 x, Q: O ,r. ' 1525 BOZMAN ROAD g *r ci .fm_ t SF0 .2> 1 WYLIE,TEXAS 75098 ,' ORVNZ sc - RANDALL T HELMBERGER,PE (972) 442-7459 TBPE REGISTRATION NO_— F000756 S ; k �< acoa-Awl;s. 3.;47 `€C "}:M1C DEVELQPME.v; ORPORA`H3N ` t e :. ` .O z c a.- i_ <5 � - _ '` ' ` . I.r3Tfts:fi�iztrBn 10 a= r � i i .- � �•. Fs`F s YY 1 y :' £r.554 . (t OA 9CE:(11t P G'SFE i0 _ _. _ _ € ... >3 - J rY > - CEECCAii4.OF ES NRCRR S, ,( z i . ¢'€. 3.1 I TREE.E C I d.A.fl I ` _ ems' 59€�` - ; - i ANM YYEOA tki PialflS(s%FnGE�itEESE J q a -.. x{ €sue - Y. � _ z - ' - , 4'= '' 9€R..-� GNU..NOTES �� } > s W K T— fr' _ k}E M SECT.. C .} a *50 44 T ;' P - ' At' /�{4 ' - 5�NpRA,Y�6 4010000*10 STOSLY ice'3000 PS Ea,�FETET W:Q PWE4000 r• g .. ram' .f`£ < ,' -ate a € e �s ,V " s A € av ati E. - sub I . ag6 = ? -,* _ 4€.- l a0. 5 5Cz ` tq � i � _ - 6�Ew EO.aC 9E E R OR .H'£ Xs�TURN��CPu^RETERkt F Z ;?'V.', z � ¢ow ` € 3 ' Fd}_ �he<= mama(AS v r 65R;. €<mow# 35;U9£CCt(ifki i`7 �.'_ L'afls �, �RCP , 4,_ ii:,_„,,,.:0-';gra-Z,Z0-7r0=',7t-vwx.. , .»4 -r S<S}'e{ s ate# 4 _ .�`t` i�'E'` E€ ▪ ' 1-10-11 HIM.4u_04511E F,RELARE G 30 - -,Y `, t -_ oollowor Yr • ` + ` sort TURN AND DECELERATION LANES �, ✓. a a:' c ice. - ti El_ `, ' ECONOMIC STATEr aYi Av TP >I, ' ,f - '_�_; NOIIIC DEVELOPMENT CORPOR`TION EXAS S r - % ' - :` _-- s"`, Y aeSE.aaPaPP OF WYLIE.TA Esres�reae. ` - E6 `_ 3 T 0000W Eh4F0a'ENTA.ENGINEER'S li CST r } e taw Ct. a3 Contractor Agreement This Agreement is made between Wylie Development Corporation, with a principal place of business at 250 S. Hwy 78, Wylie,TX 75098 (Sam Satterwhite 972-442-7901)("Owner") and TEXAS DIRT CONTRACTORS ("Contractor"), with a principal place pf business at 2800 E. Grauwyler Rd., Irving,TX 75061. 1. Service to Be Performed Contractor shall furnish all labor and materials to construct and complete the project shown on the contract documents contained or specified in Exhibit A, which is attached to and made part of this Agreement. 2. Payment A. Owner shall pay Contractor for all labor and materials the sum of$475,209.68. B. Materials shall be paid for by Owner upon delivery to the worksite or as follows: % of completion/balance on completion 3. Terms of Payment A. Upon completing Contractor's services under this Agreement, Contractor shall submit an invoice. Owner shall pay Contractor within 30 days from date of Contractor's invoice. B. Contractor shall be paid $61,160.00 Draw#1 at Mobilization upon signing this Agreement and the remaining amount due when Contractor completes the services and submits an invoice. Owner shall pay Contractor within 30 days from the date of Contractor's invoice. C. Contractor shall be paid according to the Draw Schedule set forth in Exhibit B, attached to and made part of this Agreement. 4. Late Fees If Client is late paying Contractor, Contractor's damages will be difficult to measure. As a reasonable estimate of the damages Contractor will sustain, and as liquidated damages and not as a penalty, Client agrees to pay Contractor an additional 1 1/2% per month interest charge on the amount owed. 5. Time of Completion The work to be performed under this Agreement shall commence on 17MAR2017 and be substantially completed on or before 28APR2017. 6. Permits and Approvals Owner shall be responsible for determining which state and local permits are necessary for performing the specified work and for obtaining and paying for the permits. 7. Warranty Contractor warrants that all work shall be completed in a good workmanlike manner and in compliance with all building codes and other applicable laws: Duration of Maintenance Bond 1 8. Site Maintenance Contractor agrees to be bound by the following conditions when performing the specified work: • Contractor shall remove all debris and leave the premises in clean condition • Contractor shall perform the specified work during the following hours: 9AM-3PM lane closure • Contractor agrees that disruptively loud activities shall be performed only at the following times: Monday through Saturday 6AM-7PM • At the end of each day's work, Contractor's equipment shall be stored in the following location: 400 S. Hwy78, Wylie,TX. 9. Subcontractors Contractor may at its discretion engage subcontractors to perform services under this Agreement, but Contractor shall remain responsible for proper completion of this Agreement. 10. Independent Contractor Status Contractor is an Independent Contractor, not Owner's employee. Contractor's employees or subcontractors are not Owner's employees. Contractor and Owner agree to the following rights consistent with an Independent Contractor relationship: • Contractor has the right to perform services for others during the terms of this Agreement. • Contractor has the sole right to control and direct the means, manner and method by which the services required by this Agreement will be performed. • Contractor or Contractor's employees or subcontractors shall perform the services required by this Agreement. • Owner shall not hire, supervise or pay any assistants to help Contractor. • Owner shall not require Contractor or Contractor's employees or subcontractors to devote full time to performing the services required by this Agreement. • Neither Contractor nor Contractor's employees or subcontractors are eligible to participate in any employee pension, health, vacation pay, sick pay or other fringe benefit plan of Owner. 11. Local, State and Federal Taxes Contractor shall pay all income taxes and FICA (Social Security and Medicare taxes) incurred while performing services under this Agreement. Owner will not: • withhold FICA from Contractor's payments or make FICA Payments on Contractor's behalf • make State or Federal unemployment compensation contributions on Contractor's behalf, or • withhold State or Federal income tax from Contractor's payments. The charges included here do not include taxes. If Contractor is required to pay any Federal, State or Local sales, use, property or value added taxes based on the services provided under this Agreement, the taxes shall be billed separately to Owner. Owner shall be responsible for paying any interest or penalties incurred due to late payment or nonpayment of any taxes by Owner. 2 12. Insurance Contractor agrees to obtain adequate business liability insurance for injuries to its employees and others incurring loss or injury as a result of the acts of Contractor or its employees or subcontractors. 13.Terminating the Agreement A. With reasonable cause, either Owner or Contractor may terminate this Agreement effective immediately by giving written notice of cause for termination. B. Either Owner or Contractor may terminate this Agreement at any time by giving N/A days' written notice of termination. Contractor shall be entitled to full payment for services performed prior to the date of termination. Reasonable cause includes: • Material violation of this Agreement, or • Nonpayment of Contractor's compensation after 20 days' written demand for payment. Contractor shall be entitled to full payment for services performed prior to the effective date of termination. 14. Exclusive Agreement This writing (including any exhibits) is the entire Agreement between Contractor and Owner. The exhibits attached to this Agreement are Exhibit "A" and Exhibit "B". 15. Modifying the Agreement Owner and Contractor recognize that: • Contractor's original cost and time estimates may be too low due to unforeseen events or to factors unknown to Contractor when this Agreement was made • Owner may desire a midproject change in Contractor's services that would add time and cost to the project and possibly inconvenience Contractor, or • Other provisions of this Agreement may be difficult to carry out due to unforeseen circumstances. If any intended changes or any other events beyond the parties; control require adjustments to this Agreement,the parties shall make a good faith effort to agree on all necessary particulars. Such Agreements shall be put in writing, signed by the parties, and added to this Agreement. 16. Resolving Disputes A. If a dispute arises under this Agreement, any party may take the matter to court. If any court action is necessary to enforce this Agreement,the prevailing party shall be entitled to reasonable attorney fees, costs and expenses in addition to any other relief to which the party may be entitled. 3 B. If a dispute arises under this Agreement, the parties agree to first try to resolve the dispute with the help of a mutually agreed-upon mediator in Rybiki Law Firm, PLLC. Any costs and fees other than attorney fees associated with the mediation shall be shared equally by the parties. If the dispute is not resolved within 30 days after it is referred to the mediator, any party may take the matter to court. If any court action is necessary to enforce this Agreement,the prevailing party shall be entitled to reasonable attorney fees, costs and expenses in addition to any other relief to which the party may be entitled. C. If a dispute arises under this Agreement, the parties agree to first try to resolve the dispute with the help of a mutually agreed-upon mediator in Rybiki Law Firm, PLLC. Any costs and fees other than attorney fees associated with the mediation shall be shared equally by the parties. If it proves impossible to arrive at a mutually satisfactory solution through mediation, the parties agree to submit the dispute to a mutually agreed upon arbitrator in Rybiki Law Firm, PLLC. Judgement upon the award rendered by the arbitrator may be entered in any court having jurisdiction to do so. Costs or arbitration, including attorney fees, will be allocated by the arbitrator. 17. Notices All notices and other communications in connection with this Agreement shall be in writing and shall be considered given as follows: • when delivered personally to the recipient's address as stated on this Agreement • three days after being deposited in the United States mail, with postage prepaid to the recipient's address as stated on this Agreement, or • when sent by fax or electronic mail, such notice is effective upon receipt provided that a duplicate copy of the notice is promptly given by first class mail, or the recipient delivers a written confirmation of receipt. 18. No Partnership This Agreement does not create a partnership relationship. Neither party has authority to enter into contracts on the other's behalf. 19.Applicable Law This Agreement will be governed by the laws of the State of Texas 4 SIGNATURES: Signature of Owner Date Printed Name of Owner Title Signature of Contractor Date Printed Name of Contractor Title Taxpayer ID Number: 75-2105410 5 TEXAS DIRT CONTRACTORS PO Box 36348 Dallas, TX 75235 0: 972-579-0081 F: 972-579-0082 office@texasdirt.biz TO: Wylie Economic Development Hwy 78 Left Turn Lanes& Deceleration Lanes Improvements RE: EXHIBIT B-DRAW SCHEDULE DRAW#1: In the amount of$37,400.00 to be paid upon substantial completion for Mobilization & General Conditions per Contract DRAW#2: In the amount of$189,049.68 to be paid upon substantial completion of concrete removal, excavation, utilities and staking DRAW#3: In the amount of$248,760.00 to be paid upon substantial completion of Asphalt, concrete paving, backfill and clean-up TOTAL: Draw#1, #2,#3 $475,209.68 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: McMillan Contract DATE: February 20, 2017 Issue Consider and act upon the ratification and approval of a Real Estate Sales Contract between Patsy Jo McMillan, Margaret McMillan, and the WEDC. Analysis As directed by the Board in Executive Session, staff executed a Real Estate Contract to purchase 0.26 acres from the McMillan family located near the northwest corner of Jackson and Oak. The negotiated purchase price is $75,000. The property can be used to either compliment an adjacent City-owned parking lot or be used independently for commercial development. Outside the terms of the attached Contract, staff is working with the McMillan family to have the existing home demolished prior to the WEDC taking ownership. This approach will be beneficial to the WEDC in that staff will not have to oversee a contractor or be liable for any issues which may arise out of the demolition process. Staff will bring an amendment to the Contract for Board approval in March detailing the terms of the proposed change which is well within the 120-day due diligence period. Recommendation Staff recommends that the WEDC Board of Directors ratify and approve a Real Estate Sales Contract between Patsy Joe McMillan, Margaret McMillan, and the WEDC. Attachments Real Estate Sales Contract Survey REAL ESTATE SALES CONTRACT STATE OF TEXAS COUNTY OF COLLIN THIS REAL ESTATE SALES CONTRACT (this "Contract") is made by and between PATSY JO MCMILLAN and MARGARET MCMILLAN, 105 N. Jackson, P.O. Box 1, Wylie, Texas 75098 ("Seller"), and WYLIE ECONOMIC DEVELOPMENT CORPORATION, 250 South Highway 78, Wylie, Texas 75098 ("Purchaser"), upon the terms and conditions set forth herein. ARTICLE I 1.01. Seller hereby sells and agrees to convey by Special Warranty Deed (the "Deed"), and Purchaser hereby purchases and agrees to pay for, that certain real estate, and any improvements located thereon, being approximately 0.257 acre, more or less, of property located at 105 N. Jackson Street, Wylie, Texas, or more specifically identified as Keller's Addition#1, Block 2, Lot 3 and the North one-half of Lot 4, City of Wylie, Collin County, Texas, which property is generally described in the attached as Exhibit A(the "Property"). Seller also sells and agrees to convey, and Purchaser hereby agrees to pay for, all and singular, the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, roads, alleys or rights-of-way, and including all rights to all oil, gas and other minerals, together with any improvements, fixtures, and personal property (notwithstanding the terms outlined in Section 8.02 d) situated on and attached to the property (all of such real property, rights, and appurtenances being hereinafter collectively 1 referred to as the "Property"), for the consideration and upon the terms and conditions hereinafter set forth. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be SEVENTY-FIVE THOUSAND AND NO/100THS DOLLARS ($75,000.00) for the gross area as determined by the survey as referenced in Section 3.03. Payment of Purchase Price 2.02. The Purchase Price shall be payable per the following: Purchaser will pay all cash at closing. ARTICLE III CONDITIONS TO CLOSING Conditions to Purchaser's Obligations 3.01. The obligation of Purchaser hereunder to consummate the transaction contemplated hereby is subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the Closing). Preliminary Title Commitment 3.02. Within twenty (20) business days after the Effective Date of this Contract, Seller, at Seller's sole cost and expense, shall have caused Lawyers Title (D. Baron Cook, Escrow Officer), 250 South Highway 78, Wylie, Texas 75098 (the "Title Company") to issue a preliminary title commitment (the "Title Commitment"), accompanied by true, correct and legible copies of all recorded documents relating to easements, rights-of-way, and any 2 instruments referred to in the Title Commitment as constituting exceptions or restrictions upon the title of Seller(the"Title Documents"). Survey 3.03. Within twenty (20) business days after the execution of this Contract, Seller shall, at Purchaser's sole cost and expense, obtain a current plat of survey ("Survey") of the Property, prepared by a duly licensed Texas land surveyor. The Survey shall be in a form acceptable to the Title Company in order to allow the Title Company to delete the survey exception (except as to "shortages in area") from the Owner's Title Policy to be issued by the Title Company. The Survey shall be staked on the ground, and the Survey shall show the location of all improvements, highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, flood plain as defined by the Federal Insurance Administration, easements, and rights-of-way on or adjacent to the Property and shall set forth the number of total gross square feet comprising the Property. Review Period 3.04. Purchaser shall have ten (10) days (the"Review Period") after Purchaser's receipt of the Iaer of the Survey,the Title Commitment and the Title Documents to review the same and deliver in writing to Seller such objections as Purchaser may have to anything contained in them (the "Objection Notice"). In the event Purchaser states that any of the Survey, Title Commitment, Title Documents or any item therein contained, is not satisfactory, Purchaser may either: (a) terminate this Contract and have the Escrow Deposit forthwith returned to Purchaser; or (b) conditionally accept title subject to Seller's removal of any matters contained in such Objection Notice within ten (10) days from receipt of such Objection Notice (the "Title Cure Period"), in which case Seller may elect, at its sole option, to use commercially reasonable 3 efforts to remove or insure over such objectionable matters, but shall have no duty or obligation to remove or insure over any of such objectionable matters. If Seller cannot remove or insure over such matters before the expiration of the Title Cure Period, or if Seller elects not to remove or insure over any of Purchaser's objections, then at Purchaser's election within five (5) days following the expiration of the Title Cure Period, Purchaser may terminate this Contract and have the Escrow Deposit forthwith returned to Purchaser. Failure by Purchaser to terminate this Contract on or before five (5) days after the expiration of the Title Cure Period shall be deemed to be a waiver of all then uncured title objections which shall become Permitted Exceptions (as hereinafter defined). Purchaser hereby agrees that the lien for current taxes, and any items not objected to timely by Purchaser shall hereinafter be deemed to be permitted exceptions (the "Permitted Exceptions") and Purchaser shall not be entitled to object to the status of title, the Survey or avoid the Closing because of such Permitted Exceptions. Feasibility Period 3.05. Purchaser shall have one-hundred twenty (120) days from execution of the Contract by Seller and acceptance of the same by the Title Company, within which to inspect the Property and determine if the same is suitable for Purchaser's intended use (the "Feasibility Period"). In the event Purchaser notifies Seller in writing on or before 5:00 p.m. on the last day of the Feasibility Period that Purchaser disapproves or is dissatisfied in any way with the Property, such determination to be made in Purchaser's sole and absolute discretion, then this Contract shall terminate and the Escrow Deposit (as defined in Section 6.01 below) heretofore delivered by Purchaser to Title Company shall be returned to Purchaser; provided however, that $1,000.00 of the Escrow Deposit paid to Seller as Independent Consideration (as defined in Section 6.01 below) shall not be returned to Purchaser. In the event Purchaser fails to so notify 4 Seller in writing prior to the expiration of the Feasibility Period of Purchaser's election to terminate this Contract, this Contract shall continue in full force and effect. Seller hereby grants to Purchaser during the Feasibility Period the right to enter upon the Property and conduct such tests as Purchaser deems necessary; provided that Purchaser shall indemnify, defend, and hold harmless Seller from all claims, actions or causes of action which might occur by virtue of Purchaser's entry upon or testing of the Property and provided further that Purchaser shall be responsible for all damages occasioned to the Property arising out of Purchaser's entry upon or testing of the Property. These obligations will survive the Closing or the cancellation or termination of this Agreement. Notwithstanding the delivery of the above described studies and test, if any, Purchaser acknowledges that any information of any type which Purchaser has received or may receive from Seller, or its agents, is furnished to Purchaser as a courtesy only and on the express condition that Purchaser shall make an independent verification of the accuracy of such information, all such information is being furnished without any representation or warranty by Seller as to the truth, accuracy, or completeness of such information. Environmental Study 3.06. This Contract is contingent upon the Purchaser obtaining an environmental report, at the expense of Purchaser, that indicates no environmental problems with the Property, and is otherwise acceptable to the Purchaser. In the event an acceptable environmental report is not obtained by the Purchaser as provided herein, the Purchaser shall have the right to terminate this Contract prior to expiration of the Feasibility Period by written notice to the Seller and the Escrow Deposit shall be returned by the Title Company to the Purchaser. 5 ARTICLE IV CLOSING 4.01. The closing of the purchase and sale of the Property ("Closing") shall be at the offices of the Title Company, on or before five (5) days following the expiration of the Feasibility Period of this Contract (the date of Closing being herein referred to as the "Closing Date"). 4.02. At the Closing, Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (1) General real estate taxes for the year of closing and subsequent years not yet due and payable; (2) The Permitted Exceptions; and (3) Any other exceptions approved by Purchaser pursuant to this Contract or in writing. (b) Deliver to Purchaser, at Seller's sole cost and expense, a Texas Owner's Title Policy issued by the Title Company, in Purchaser's favor in the full amount of the Purchase Price, insuring Purchaser's fee simple title to the Property, subject only to those title exceptions listed in this Contract (including the Permitted Exceptions), such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's 6 Title Policy, and containing a survey exception deletion,if requested by Purchaser and at the expense of the Purchaser, except as to shortages in area. (c) Deliver to Purchaser possession of the Property free from personal belongings. (d) Deliver to Purchaser any and all leases in Purchaser's possession. 4.03. At the Closing, Purchaser shall: (a) Deliver to Seller the Purchase Price by cashier's check, wire transfer or otherwise in immediately available funds. (b) Deliver to Seller a certified resolution of the board of directors of Purchaser, which resolution will be in full force and effect, approving this transaction and designating the person or persons authorized to sign documents on behalf of Purchaser. (c) Deliver to Seller and/or the Title Company such other documents as may be reasonably necessary or appropriate to consummate this transaction in accordance with the terms of this Contract. 4.04. All state, county, and municipal taxes for the then current year relating to the Property shall be calculated as of the Closing Date and Seller's share shall be collected by Title Company at the Closing and remitted to the appropriate taxing jurisdictions in accordance with Section 26.11 of the Texas Property Tax Code. If there is any rollback tax liability for the Real Property,the Seller will assume the responsibility for those taxes. NOTICE REGARDING POSSIBLE LIABILITY FOR ADDITIONAL TAXES If for the current ad valorem tax year the taxable value of the Property that is the subject of this Contract is determined by a special appraisal method that allows for appraisal of the Property at 7 less than its market value, Purchaser may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the tax appraisal district established for the county in which the Property is located. 4.05. Each party shall pay any attorney's fees incurred by such party. All other costs and expenses of closing the sale and purchase shall be borne and paid as provided in this Contract, or if the Contract is silent, as is usual and customary for real estate transactions in Collin County, Texas. ARTICLE V REAL ESTATE COMMISSIONS 5.01. In the event a broker commission is occasioned by the consummation of this Contract,the party retaining such broker shall be responsible for all real estate commissions with respect to that broker. ARTICLE VI ESCROW DEPOSIT 6.01. Within three (3) business days following the full execution of this Contract and for the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser shall deliver to the Title Company, a check in the amount of$5,000.00 as an escrow deposit (the "Escrow Deposit") which shall apply toward the Purchase Price at Closing. Purchaser agrees that $100.00 of the Escrow Deposit is given as consideration for the Contract 8 ("Independent Consideration"), which Independent Consideration shall be applied to the Purchase Price at Closing, but shall not be returned to Purchaser in the event the Escrow Deposit is otherwise returned to Purchaser pursuant to the terms of this Contract. In the event Purchaser fails to timely deliver the Escrow Deposit to the Title Company,this Contract shall automatically terminate and be of no further force or effect and Seller shall be relieved from all liabilities or obligations hereunder. ARTICLE VII CASUALTY 7.01. All risks of loss to the Property shall remain upon Seller prior to the Closing, subject to the provisions of Section 3.06 of this Contract. If a casualty occurs, Seller may, but shall not be obligated to, restore the Property to its condition immediately prior to the casualty, and if it does not so restore the Property, then Purchaser may accept the Property in its damaged condition without reduction in the Purchase Price or terminate this Contract. ARTICLE VIII REPRESENTATIONS 8.01. As a material inducement to the Purchaser to execute and perform its obligations under this Contract, the Seller hereby represents and warrants to the Purchaser as of the date of execution of this Contract and through the date of the Closing as follows: (a) Seller is the owner in fee simple of the Property subject to the Permitted Exceptions. The Property is not subject to any lease or other agreement that creates a right of ownership or possession to a third; (b) To Seller's current actual knowledge, there are no actions, suits, or proceedings (including condemnation) pending or threatened against the Property, at law or in equity or 9 before any federal, state, municipal, or other government agency or instrumentality, domestic or foreign; (c) The Property is not in a water district; (d) To the current actual knowledge of Seller, no part of the Property has been used for or as a landfill or toxic waste site or is in a wetland protected area or FEMA flood plain as currently defined by federal law; (e) No consent or approval of any other person or entity is required in order for this Contract to be legal, valid and binding upon Seller except for any lender consent that will be obtained by Seller at or prior to Closing; (f) The execution and delivery of this Contract and the consummation of this transaction shall not constitute a violation,breach or default by Seller of any term or provision of any other instrument of which Seller is a party or to which Seller or the Property may be subject except that this transaction will require the consent of Seller's lender and a release of lien which Seller will obtain at or prior to Closing; (g) Seller is not the subject of any bankruptcy, reorganization or insolvency proceeding. EXCEPT AS EXPRESSLY PROVIDED HEREIN, IT IS UNDERSTOOD AND AGREED THAT SELLER IS NOT MAKING ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND OR CHARACTER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OR REPRESENTATIONS AS TO MATTERS OF TITLE (OTHER THAN SELLER'S WARRANTY OF TITLE SET FORTH IN THE SPECIAL WARRANTY DEED TO BE DELIVERED AT CLOSING), ZONING, TAX CONSEQUENCES, PHYSICAL OR ENVIRONMENTAL CONDITION, OPERATING HISTORY OR PROJECTIONS, VALUATION, GOVERNMENTAL APPROVALS, GOVERNMENTAL REGULATIONS OR ANY OTHER MATTER OR THING RELATING TO OR AFFECTING THE PROPERTY. PURCHASER AGREES THAT WITH RESPECT TO THE PROPERTY, PURCHASER HAS NOT RELIED UPON AND WILL NOT RELY UPON, EITHER DIRECTLY OR INDIRECTLY, ANY REPRESENTATION OR WARRANTY OF SELLER OR SELLER'S REPRESENTATIVES. PURCHASER WILL CONDUCT SUCH INSPECTIONS AND INVESTIGATIONS OF THE PROPERTY, INCLUDING, BUT NOT 10 LIMITED TO, THE PHYSICAL AND ENVIRONMENTAL CONDITIONS THEREOF, AND RELY UPON SAME, AND, UPON CLOSING, SHALL ASSUME THE RISK THAT ADVERSE MATTERS, INCLUDING,BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, MAY NOT HAVE BEEN REVEALED BY PURCHASER'S INSPECTIONS AND INVESTIGATIONS. PURCHASER AGREES TO TAKE WHATEVER ACTION AND PERFORM WHATEVER INVESTIGATIONS AND STUDIES PURCHASER DEEMS NECESSARY TO SATISFY ITSELF AS TO THE CONDITION OF THE PROPERTY AND THE EXISTENCE OR NONEXISTENCE OF, OR CURATIVE ACTION TO BE TAKEN WITH RESPECT TO, ANY HAZARDOUS AND/OR TOXIC SUBSTANCES ON OR DISCHARGED FROM THE PROPERTY. PURCHASER ACKNOWLEDGES AND AGREES THAT UPON CLOSING SELLER SHALL SELL AND CONVEY TO PURCHASER AND PURCHASER SHALL ACCEPT THE PROPERTY"AS IS, WHERE IS", WITH ALL FAULTS AND THERE ARE NO ORAL OR WRITTEN AGREEMENTS, WARRANTIES OR REPRESENTATIONS, COLLATERAL TO OR AFFECTING THE PROPERTY BY SELLER OR ANY THIRD PARTY. FURTHER, PURCHASER HEREBY ACKNOWLEDGES TO SELLER THAT PURCHASER AND SELLER ARE NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION. THE TERMS AND CONDITIONS OF THIS PARAGRAPH SHALL EXPRESSLY SURVIVE THE CLOSING AND SHALL NOT BE MERGED THEREIN. 8.02 As a material inducement to the Seller to execute and perform its obligations under this Contract, the Purchaser hereby represents and warrants to the Seller as of the date of execution of this Contract and through the date of the Closing as follows: (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Texas and has all the requisite power and authority to enter into, deliver and perform this Contract; (b) No consent or approval of any other person or entity is required in order for this Contract to be legal, valid and binding upon Purchaser; and the execution and delivery of this Contract and the consummation of this transaction shall not constitute a violation, breach or default by Purchaser of any term or provision of any other instrument of which Purchaser is a party or to which Purchaser may be subject; (c) To Purchaser's current actual knowledge,there are no actions, suits, or proceedings pending or threatened against the Purchaser, at law or in equity or before any federal, state, 11 municipal, or other government agency or instrumentality, domestic or foreign, and Purchaser has received no written notice of same. The Purchaser is not involved in any bankruptcy, reorganization or insolvency proceeding. (d) Within the Feasibility Period, Purchaser authorizes Seller to remove any and all fixtures and personal property situated on and attached to the Property, including but not limited to any and all building materials within the structure(s), so long as the removal of said materials does not compromise the exterior walls of said structure(s) and promote unauthorized access to the structure(s) interior. ARTICLE IX BREACH BY SELLER 9.01. In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except Purchaser's default, or pursuant to a right of termination expressly granted hereunder, Purchaser may terminate this Contract and obtain the return of the Escrow Deposit as liquidated damages or pursue specific performance, as its sole and exclusive remedies. ARTICLE X BREACH BY PURCHASER 10.01. In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser's obligations set forth in this Contract having been satisfied, and Purchaser being in default and Seller not being in default hereunder, Seller may either (i) terminate this Contract and receive the Escrow Deposit as liquidated damages, or (ii) obtain specific performance, as its sole and exclusive remedies. ARTICLE XI 12 MISCELLANEOUS Survival of Covenants (a) Any of the representations, warranties, covenants and agreements of the parties, as well as any rights and benefits of the parties, shall survive the Closing for a period of one (1) year (or such longer period of time as may be expressly contemplated by this Contract in the specific instance) and shall not be merged therein. Notice (b) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to the Seller or the Purchaser, as the case may be, at the address set forth herein above. Texas_Law to Apply (c) This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Collin County, Texas. Parties Bound (d) This Contract shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors and assigns. This Contract is not assignable by the Purchaser without the written consent of the Seller. Nondisclosure (e) Neither party shall disclose to any person or entity (other than that party's advisors or as may be required by law) the terms of this Agreement or the identity of the parties 13 and shall not issue any press or other informational releases without the express written consent of each party. Legal Construction (f) In case any one or more of the provisions contained in this Contract 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 hereof, and this Contract shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. Integration (g) This Contract constitutes the sole and only agreement of the parties hereto and supersedes any prior understanding or written or oral agreements between the parties respecting the within subject matter. This Contract cannot be modified or changed except by the written consent of all the parties. Time of Essence (h) Time is of the essence of this Contract. Attorney's Fees (i) Any party to this Contract which is the prevailing party in any legal proceeding against any other party to this Contract brought under or with relation to this Contract or transaction shall be additionally entitled to recover court costs and reasonable attorneys' fees from the non-prevailing party. Gender and Number (j) Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa,unless the context requires otherwise. 14 Compliance (lc) In accordance with the requirements of Section 28 of the Texas Real Estate License Act, Purchaser is hereby advised that it should be furnished with or obtains a policy of title insurance. Effective Date of Contract (1) The term "effective date of this Contract" as used herein shall mean the later of the two (2) dates on which this Contract is fully signed by Seller or Purchaser, as indicated by their signatures below, which later date shall be the date of final execution and agreement by the parties. [SIGNATURE PAGE TO FOLLOW] 15 Executed on the dates set forth at the signatures of the parties hereto. SELLERS: PATSY JO MCMILLAN By: .._.._ .....�. -� �. Date of ... .. . Execut"° .. �..� Lam..__.. .. MARGARET MCMILLAN By: ...� Date of Executic T __ PURCHASER: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Its: ole.......0*t`e.. Date of Execution: I -('7 TITLE COMPANY ACCEPTANCE: The Title Company acknowledges receipt of the Earnest Money on and accepts the Earnest Money subject to the terms and conditions set forth in this Contract. TITLE COMPANY: LAWYERS TITLE BY: PRINTED NAME: _... _____....... .. _. TITLE: ADDRESS: Telephone Fax 16 I Y U SMTF OF TEXAS 65 u O LIN m that tcbcr of land in 'be City of Wylie, Collin County, leze, z „ wi e c Texas .. _esb, _ t � � H J H - e1 L 0 O ° 1 '0-4 _ _ (D - O ct N- o 0 -ems 00 s s Nearing ng 7 O H J )- Z E Bests), €9_2 0 .a -'es e E: se rucksM Avenue o a CC J 1 fee 0 b- g 1 Q w U J steel - the as - , �s _ alley: , THENCE Notlh 90 degrees wb >butes 00 seconds West, 125,00 feet to at7 U - 7 _ L s --._> d o -_ s_ s- _ s_d L_ 4; 1 el i .!- THENCE N__ - Se minutes WO seconds East, 89.25 feet I H 2 c ss 0 i Northwest cor ner er , eole Loll -, a,o at the S_€ - -cza r o, sn-_ i - -1 I POINT OF 1 =e: 2 t BEG �d - t=o- 90 degrees - minutes seconds. 725,00 e_, ._ 1 _ __ _ - m N ' - - e=:u� EO8 a N - - i 0 - 11 Q) =l : N n�aJy o \ 0 26 ACRE ' ` �, a t tt -- ] LIV N Jan I s LE iF _. - s: _ Q m oU Oa s1. I d.3(==y Gravel Drive — - i` 0' 20' 40' 60' B0 1111111111111111 I -, �• 0 0_ it o 1 t t _1 C. - _ .. - f L oo_ > d z O [ Notes Corresponding to Schedule 9: iCZ <I-N o 4 GraN Ig 19.e.) 100'Right of Way to Sancta Fe Runway Coo;pony, Val. 30, Pg. 460 - Roilrcod U Q\ 1 ' (pooled Wool of subject treat. C cb o Q lE m j J O om¢ v U �p Note:Bearings based on recorded plot(Vol.29, Pg. 349). g [� Note: Vertfy exact location of underground utilities prior to construction. Notes All 5/8 inch stool rods set hove red plastic cop stamped 'Boundary Solutions" CLIENT: _E s - on-the-ground plot os shown hereon was prepared from on survey 1 [ :. � performed under my supervision during the month of January, 2077; the I Lawyers Title .- visible Improvements on the ground are as shown on the survey; there are no visible Intrusions, protrusions, overlapping of Improvements or conflicts found except as shown on the survey plat. . January 31, 2017 t Or Ff - 1 G.F.# 19/13502873 (R r 1 r`'' Address: __- ----. ----. ----. .....-- ..; anee (_-f 05 N. Jackson [ - Matthew Busby 5. R.P,L.S. No. 5751 W. Oak Street Coo') �f I Drown by: mfb I - 1 B.S.I.Job# 1701-021 to Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive:iirector , 7 SUBJECT: Staff Report DATE: February 20, 2017 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, WEDC Financial Audit, Wylie Days, Collin County Days, Highway 78 WEDC Pad Sites, 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,Freudiger Holdings, Getset,KREA Acquisition,Mil-Tib,McClure Partners,Patna Properties,Ronald P. and Carole A. Trout, T.W. Snider, VIAA Properties, Von Runnen Holdings, Wedge Corporation, Woodbridge Crossing. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through January 2017 within Woodbridge Crossing for the City General Fund, the WEDC,and the 4B. As a reminder,the City and WEDC reimbursed 85%of all sales tax generated within Woodbridge Crossing through September 2013 with the reimbursement percentage reduced to 65%thereafter. Due to the default under the Amended and Restated Performance Agreement, Woodbridge Crossing is only eligible to receive up to $6 million in sales tax reimbursement through September 2021 as opposed to the maximum reimbursement of$12 million originally contemplated. WEDC- Staff Report February 20, 2017 Page 2 of 3 $4,032,045.23 in reimbursement has been earned through January 2017 with net receipts of $3,260,088.03 after reimbursements. As well, it is estimated that $4.1 mm has been paid in ad valorem taxes to the City of Wylie (excluding the WISD). As shown on the Sales Tax Reimbursement Report, $142,917.21 was generated in sales tax in November 2016 versus $126,607.23 in November 2015. This represents 12.9% increase over 2015 receipts. Environmental Activity 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. WEDC Financial Audit Excerpts from the Comprehensive Annual Financial Report have been provided for Board review. Staff has only included excerpts due to the report being 136 pages. All references to the WEDC have been highlighted. As well,Mrs. Melissa Beard,Assistant Finance Director,has been invited to the WEDC Board Meeting to review the Audit and WEDC financials. Wylie Days On February 8-9, representatives from the City Council, WISD Board of Trustees, City & ISD staff, Chamber of Commerce, WEDC Board & staff, and Oncor traveled to Austin to meet with State legislators and address issues of local interest up for consideration this Session. As this event evolves, a greater effort will be made to encourage concerned citizens outside of the above identified entities to attend and display a broad range of interest in the decisions made by our local elected officials in Austin. Collin County Days On March 28 — 29, a larger `Collin County' contingency will travel to Austin to accomplish the same goals as the Wylie event but from a County perspective. A much smaller group from the WEDC, Chamber, and WISD will attend with Council having a previously scheduled Council Meeting. Highway 78 WEDC Pad Sites Ground water samples are currently being taken from WEDC property with results expected on 2- 23-17. With soil samples already in hand,the VCP application should be prepared and sent to the TCEQ the week of 2-27. Assuming the application is complete,the TCEQ will issue a case number within 60 days of receipt and at that time the site officially becomes enrolled in the VCP. WEDC- Staff Report February 20, 2017 Page 3 of 3 Promotional Activities To facilitate networking with community stake holders and prospects,the WEDC has a'A interest in Maverick's Season tickets for the 2016-17 Season. The use of those tickets is detailed for your review. Regional Housing Starts Fifteen homes were permitted in Wylie for the month of January 2017, Sachse, Lavon, Murphy permitted a combined nineteen with Inspiration permitting ten over the same period. No action is requested by staff for this item. Attachments Performance Agreement Summary W&M Activity Report Promotional Events Log Regional Housing Permits Audit Excerpts 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 Paid C. Documentation of 3rd extrusion press w/ purchase price of$4,500,000 2/1/2016 $24,000 Paid D. Documentation of 3rd extrusion press w/ purchase price of$4,500,000 2/1/2017 $24,000 All State Fire Equipment A. CO 9,300 sf office/warehouse; construction documents for$788,000 4/15/2016' $20,000 Paid B. Valuation of$1,100,000 8/1/2017 $20,000 C. Valuation of$900,000 8/1/2018 $20,000 B&B Theatres Phase I -CO 56,000 sf, 12 screen theater; documentation of$600,000; documentation of total expend.for land, improvements and personal property of$10,000,000. 12/31/2013 $100,000 Paid Cumulative valuation amended to $7,300,000 12/31/2014 $25,000 Paid 12/31/2015 $25,000 Paid 12/31/2016 $25,000 Paid 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 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 2/24/2016 $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 2/24/2017 $20,000 Paid 2/24/2018 $20,000 2/24/2019 $20,000 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of $70,000 2017-2021 $350,000 Freudiger Holdings, LLC CO and Documentation supporting 5,500 sf office space and 1,800 warehouse space at a cost of $250,000 5/1/2016 $15,000 Paid Form 941 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 Outstanding Performance Agreement Summary Get Set, Inc. CO for 6,700 sf building and documentation of $575,000 in construction cost. 5/1/2015 $15,000 Paid Appraised Value of$1,175,000 2/28/2017 $10,000 Appraised Value of$1,175,000 2/28/2018 $10,000 KREA Acquisition, LLC A. Acquire property by 9/1/15; CO for La Quinta Inn &Suites by 3/31/17; confirm $600,000 in construction costs 3/31/2017 $100,000 B. Quarterly incentive payment equal to Occupancy Tax paid to City of Wylie (start date 6 months from CO and ending 7 years from 1st Not to exceed $600,000 payment) 9/31/18', total incentive Mil-Tib GP A. Demolition of 14,344 square foot facility located at 209 S. Ballard at a cost of$76,500 confirmed via visual inspection byWEDC; documentation evidencing demolition costs of $76,500;verification current status on ad valorem taxes on property. 7/1/2017 $38,250 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 Paid 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 Outstanding Performance Agreement Summary Ronald P.and Carole A.Trout A. CO for 4,944 sf building; documentation $340,000 in construction costs; current on ad valorem taxes; 12/31/2017 $15,000 T.W.Snider A. CO for 4,800 sf building; current on all ad valorem taxes. 2/1/2017 $8,000 B. Construction plans for 6,000 sf Bldg 3 evidenced by a building permit by March 1, 2017; CO for Bldg 3 by October 1, 2017; current on all ad valorem taxes. 10/1/2017 $42,000 VIAA Properties, LLC A. CO for 6,094 sf building; documentation $1,200,000 in construction costs 2/28/2016 $30,000 Paid B. Appraised Value of$1,000,000 2/28/2017 $20,000 Von Runnen Holdings A. CO for 12,047 sf building; documentation of $1,250,000 in construction costs. 1/1/2016 $20,000 Paid B. Appraised Value of$1,000,000 1/31/2017 $10,000 Paid C. Appraised Value of$1,000,000 1/31/2018 $10,000 Wedge Corporation A. Documentation of executed Ground Lease, Building Permit; 1/31/20141 $137,500 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 Loan Advance Forgiven E. Evidence of Continuous Operation 12/31/2017 $91,668! 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 Woodbridge Crossing Sales Tax Reimbursement Report Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period W lie 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 54,09 7.50 108,195.00 162,292.51 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 Oct-16 Dec-16 52,217.94 26,108.97 26,108.97 104,435.88 0.65 16,970.83 33,941.66 50,912.49 Nov-16 Jan-17 71,458.61 35,729.30 35,729.30 142,917.21 0.65 23,224.05 46,448.09 69,672.14 Dec-16 Feb-17 0.00 0.00 0.00 0.00 0.65 0.00 0.00 0.00 247,353.09 40,194.88 80,389.75 120,584.63 Totals 7,292,133.26 1,344,015.08 2,688,030.16 4,032,045.23 CSD Woodbridge Centre Sales Tax Reimbursement Report Filing Allocation City 4B WEDC WEDC Period Period 1.00% 0.50% 0.50% Total Reimbursement Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17 Sub-Total 1,000.66 250.17 Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16 Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57 Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42 Sub-Total 5,804.55 1,451.14 May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35 Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09 Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14 Sub-Total 58,050.29 14,512.57 Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59 Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32 Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46 Sub-Total 73,721.47 18,430.37 Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58 Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01 Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11 Sub-Total $77,994.78 $19,498.70 Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46 Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37 Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20 Sub-Total $84,524.13 $21,131.03 May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50 Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16 Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29 Sub-Total $88,251.77 $22,062.94 Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74 Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06 Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91 Sub-Total $106,210.84 $26,552.71 Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,49 .45 3,123.36 Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154..97 $19,288.74 CSD Woodbridge Centre Sales Tax Reimbursement Report Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74 Sub-Total $100,415.37 $25,103.84 Feb-16 Apr-16 5,556.02 2,778.01 2,778.01 11,112.03 2,778.01 Mar-16 May-16 35,400.22 17,700.11 17,700.11 $70,800.43 $17,700.11 Apr-16 Jun-16 5,929.35 2,964.67 2,964.67 $11,858.69 $2,964.67 Sub-Total $93,771.15 $23,442.79 May-16 Jul-16 5,622.45 2,811.22 2,811.22 11,244.89 2,811.22 Jun-16 Aug-16 36,078.78 18,039.39 18,039.39 $72,157.55 $18,039.39 Jul-16 Sep-16 5,553.88 2,776.94 2,776.94 $11,107.76 _ $2,776.94 Sub-Total $94,510.20 $23,627.55 Aug-16 Oct-16 5,386.52 2,693.26 2,693.26 $10,773.03 2,693.26 Sep-16 Nov-16 45,851.97 22,925.99 22,925.99 $91,703.94 $22,925.99 Oct-16 Dec-16 5,712.60 2,856.30 2,856.30 $11,425.19 $2,856.30 Sub-Total $113,902.16 $28,475.54 Nov-16 Jan-17 5,534.56 2,767.28 2,767.28 $11,069.11 2,767.28 Dec-16 Feb-17 0.00 0.00 0.00 $0.00 Jan-17 Mar-17 0.00 0.00 0.00 $0.00 Sub-Total $11,069.11 $2,767.28 Total $909,226.48 $227,306.62 W M Environmental Program Tracking Invoiced Date Descr. of Work Proj.Total 605 Commerce Project Total: 94,810.56 Phase II 4,138.75 2/28/15`, Completed Labor: Laura Foss;James Maxwell; Clay Snider; Michael Whitehead Contracted Amt:$11,500 1,967.65 2/28/15 Laboratory 4,878.30 2/28/15 Drilling 124.12 2/28/15 Misc.Supplies 151.25 2/28/15 W&M Equipment 250.00 2/28/15 Vehicle Usage P-2 12.39 8/18/15 Postage 47.50 8/31/15 Labor: Mark Smith Total 11,569.96 VCP(Vol. Cleanup Prog) 10,324.00 6/23/15 Labor: Frank Clark; Laura Foss; Hichael Henn,James Maxwell; Paul Rodusky; Mark Smith; Clay Snider; William Soderstrom; Ross Tucker; Michael Whitehead Contracted Amt: $38,000 3,325.80 6/23/15 Laboratory 1,150.00 6/23/15 Supplies/Permits 690.00 6/23/15 Other Sub-contractors 4.90 6/23/15 Misc.Supplies 1,175.75 7/14/15 Labor: Frank Clark,; Clay Snider; Michael Whitehead 2,632.35 7/14/15 Drilling 9.38 7/14/15 Postage/Shipping/Delivery 32.62 7/14/15 Misc.Supplies 13.23 7/14/15 Mileage 187.50 7/14/15 Vehicle Usage P-2 361.75 7/14/15 W&M Equipment 1,425.00 8/18/15 Labor: Shan Ahmad;James Maxwell; Clay Snider 517.50 8/18/15 Laboratory 3,041.75 8/18/15 Drilling 925.75 8/18/15 Other Sub-contractors 11.16 8/18/15 Misc. Supplies 64.63 8/18/15 W&M Equipment 125.00 8/18/15 Vehicle Usage P-2 1,066.25 8/31/15 Labor: James Maxwell; Clay Snider; Michael Whitehead W M Environmental Program Tracking .........._...... 893.55 8/31/15 Laboratory 521.25 9/30/15 Labor: Shan Ahmad; Mark Smith; Clay Snider 287.50 10/31/15 Labor: Clay Snider 402.50 12/15/15 Labor: Clay Snider 631.25 12/31/15 Labor: Clay Snider, Michael Whitehead 143.75 12/31/15 Other Sub-contractors 843.75 1/31/16 Labor: Michael Henn,Mark Smith, Clay Snider 1,612.50 2/29/16 Labor: Shan Ahmad, Clay Snider 1,010.85 2/29/16 Laboratory 8.24 2/29/16 Misc.Supplies 396.14! 2/29/16 Vehicles/ Equipment 983.75 3/31/16 Labor: Michael Henn,Jeremiah Roy, Clay Snider 142.50 4/30/16 Labor: Jeremiah Roy, Clay Snider Labor: Shan Ahmed,James Maxwell,Antonia Pacholczuk, Paul 3,201.25 6/30/16 Rodusky,Jeremiah Roy, Michael Whitehead, Ross Zapalac 38,163.10 APAR(Affected Property Assessment Report) 805.00! 7/14/15 Labor: Clay Snider Completed 87.50 8/18/15 Labor: Michael Henn Contracted Amt: $16,000 2,676.25 8/31/15 Labor: Laura Foss; Michael Henn; Clay Snider 11.73 8/31/15 Misc.Supplies 398.50 8/31/15 Vehicle usage P-2; W&M Equipment 2,880.00 9/30/15 I Labor: Shan Ahmad;James Maxwell;Antonia Pacholczuk; Clay Snider; Michael Whitehead. 536.00 10/31/15 Labor: Clay Snider; Frank Clark 38.56 10/31/15 Subcontractors: Postage &Shipping 230.00 12/15/15 Labor: Clay Snider 115.00 12/31/15 Labor: Clay Snider 3,107.50 1/31/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay Snider 350.00 4/30/16 Labor: Jeremiah Roy 195.00 5/31/16 Labor: Shan Ahmad, Clay Snider 660.00 10/31/16 Labor: Clay Snider W M Environmental Program Tracking 502.50 11/30/16 Labor: Michael Henn,Joshua Hopper,Clay Snider 173.50 12/31/16 Labor: Antonia Pacholczuk, Clay Snider 172.50 1/31/17 Labor: Michael Henn, Clay Snider, Michael Whitehead Total 12,939.54 .... .........._...._____.. MSD (Municipal Setting Designation) 393.75 7/14/15 Labor: Michael Henn 384.00 8/18/15 Labor- Frank Clark, Michael Henn Contracted Amt: $25,000 1,336.23 8/18/15 Aerials/Maps/Photos 195.75 8/31/15 Labor: Frank Clark, Michael Henn 1,020.00 9/30/15 Labor: Laura Foss 2,241.25. 10/31/15 Labor: Frank Clark, Michael Henn; Michael Whitehead 87.50 12/15/15 Labor: Michael Henn 1,476.25 12/31/15 Labor: Frank Clark, Holly Stockton, Michael Whitehead 28.44 12/31/15 Mileage 837.50 1/31/16 Frank Clark, Michael Henn 4,292.50 2/29/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay Snider 97.75 2/29/16 Meals 1,873.75 3/31/16 Labor: Shan Ahmad, Frank Clark,Jeremiah Roy, Clay Snider, Michael Whitehead Labor: Frank Clark, Michael Henn,Jeremiah Roy, Mark Smith, Clay 1,495.00 4/30/16 Snider, Michael Whitehead 221.25 5/31/16 Labor: James Maxwell, Clay Snider 87.50 9/30/16 Labor: Clay Snider, Michael Whitehead 1,516.25 10/31/16 Labor: Frank Clark, Michael Henn, Clay Snider, Micahel Whitehead 903.75 11/30/16 Labor: Michael Henn,Joshua Hopper,Jeremiah Roy, Clay Snider Labor: Frank Clark, Michael Henn,James Maxell,Antonia 2,332.75 12/31/16 Pacholczuk, Clay Snider, Michael Whitehead 24.62 12/31/16 Postage/Shipping/Delivery 131.00 1/31/17 Labor: Frank Clark, Clay Snider Total 20,976.79 Indoor Air Sampling Contract: $3,300 470.00! 4/30/16 Labor: Mark Smith,Clay Snider Completed 90.00 5/31/16 Labor: Clay Snider 1,603.75 6/30/16 Labor: Michael Henn, Clay Snider W M Environmental Program Tracking 1,472.00 6/30/16 Other Sub-Contactors: Laboratory Total: 3,635.75 Response Action Plan (RAP) 502.50 7/31/16 Labor: Joshua Hopper, Clay Snider Contract: $10,500 Labor: Frank Clark,Trudy Hasan,James Maxwell, Clay Snider, Ross 2,810.00 8/31/16 Tucker, Michael Whitehead. 36.27 8/31/16 Shipping, postage, delivery 393.75 9/30/16 Labor: Shan Ahmad 770.00 10/31/16 Labor: Michael Henn, Clay Snider, Michael Whitehead 172.50 11/30/16 Labor: Michael Henn,Joshua Hopper 45.00 1/31/17 Labor: Michael Henn Total: 4,730.02 Soil Excavation Contract: $20,000 93.00 1/31/17 Labor: Clay Snider Total 93.00 Response to TCEQ 458.75 10/31/16 Labor: Michael Henn, Clay Snider Contract: $2,500 1,841.15 10/31/16 Subcontractors: Laboratory($1,381.15), Drilling($460) 402.50 11/30/16 Labor: Michael Whitehead Total: 2,702.40 900-908 Kirby Project Total: 19,796.09 Phase I -Contract$2,800 2,800.00 10/31/16 Completed 2,800.00 Limited Phase ll- Labor: Shan Ahmad, Michael Henn,Joshua Hopper, Clay Snider, Contract$17,000 4,052.50 9/30/16 Michael Whitehead 11.18 9/30/16 Mileage 227.25 9/30/16 Vehicle Usage/W&M Equipment 937.50 10/31/16 Labor: Shan Ahmad, Michael Henn, Clay Snider, Michael Whitehead 11,450.55 10/31/16 Subcontractors: Laboratory($3,685.75), Drilling ($7,764.80) 98.36 10/31/16 Misc.Supplies 218.75 10/31/16 Vehicle Usage/W&M Equipment 16,996.09 201 Industrial Ct Project Total: 2,400.00 W M Environmental Program Tracking Phase I-Contract$2,400 2,400.00 10/17/16 Completed 2,400.00 mp- Hwy 78-CFA VCP Project Total: 1,233.00 Phase I-Contract$1,000 1,233.00 1/31/17 Labor: Frank Clark, Clay Snider, Michael Whitehead 1,233.00 Spent Contracted Total W&M Expenditures: 118,239.65 $150,000 WEDC Promotional Activities 2016-17 Mavericks Tickets Date Attendees October 3, 2016 W&M Environmental (Pre-season) October 28, 2016 Coventry Reserve-Auction Item (Pre-Season) November 6, 2016 Jim Campbell - Chairman of the Board, Lone Star Circuits November 18, 2016 Wylie Eye Center December 27, 2016 United Commercial Realty January 7, 2017 Primary Integration Systems January 30, 2017 Falcon Realty February 9, 2017 Mark Hambelton- DCU Regional Housing Permits Wylie Lavon 09 10 11 12 13 14 15 16 17 I 09 10 11 12 13 14 15j 17 January 13 28 20 161 181 14 46 9 15 January III 8 iiiii 4 6 February 7 18 I 9 22 14 20 31 4 February U®UDU� 6 I�� March 26 20 28 ' 18 17 30 31 43 March 1 10 8igii 6 1111111111 8 April 16 23 I 18 29 ! 38 10 57 41 April 61111111111111111III 111111 May 1 11 26 18 20 22 26 1 68 101 May I 8 111111 0 I, 9 III 4 UU June 36 24 19 13 11 9 57 1 58 JuneIMI 9 OUIUUU July 21 33 1 20 19 18 29 36 34 7--- July 11111111131121111111111E111111 August 22 24 16 20 19 19 30 1 25 9 6 0 August iipillsi September 38 231 22 15 8 17 24 18I Septeme�r� 0 6 6 III �� 0 iiiiOctober 1 15 17 16 28 30 21 32 26 I October III 14 4 'lfl 9 11111 0 1 I November 21 13 5 14 18 20 33 11 November -1E11:1 I 1 0 !III ' December 1 31 15 110 16 1 23 65 38 39 December 1311131 6 0 TOTAL , 257 264 201 230 236 280 1483 409 5 TOTALCIIIIRI1 60 100 1Illimilliiiiiil � Murphy Sachse 09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17 January 2 14 4 7 26 13 1 12 5 January 5 1I 17 14 1 8 13 18 14 16 2 February 1 15 3 14 4 5 5 4 I1 February l 8 10 3 11 L 8 29 17 31 March 4 1 15 9 6 6 8 4 5 I March 11 11 1 9 12 1 13 24 31 I April i 7 12 8 10 23 1 1 3 8 April 12 11 8 4 13 17 12 24 May 7 5 1 11 14 7 7 2 2 May 6 13 11 17 10 21 6 21 June 12 13 6 19 15 6 7 4 June 17 11 1 8 17 14 16 38 25 July 12 7 7 1 16 7 22 4 2 July 11 15 7 14 15 1 30 12 22 August II 6 3 4 13 15 16 2 ! 21 August 12 14 5 19 10 29 41 32 �-- September 12 7 4 10 10 3 3 6 September 13 3 12 12 [ 17 23 27 20 October 4 8 3 1 16 16 4 1 0 2 October 15 3 I 8 15 25 1 18 31 29 November 5 7 1 3 17 5 5 2 1 6 November 14 4 6 9 12 27 26 12 December 14 9 8 7 15 4 0 1 December 12 6 7 10 11 39 12 11 TOTAL 186 115 70 149 149 94 33 73 1 5 TOTAL 136 118 98 148 1491280 260 1274 2 I Inspiration Jan Feb Marc Apr MaY Jun Jul Aug Sep Oct Dec Total 15 5 12 10 6 17 13 1 14 4 13 8 1 11 1181 16 10 19 11 9 7 13 40 ' 8 14 13 2 164 17 10 10 Regional Housing Permits Wylie Pendin Developments Sachse Pending Developments Estates of Creekside-45 ac. -63 Lots, 3 open space Jackson Hills Phase 3A-2 -55 Lo ts ots 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 CITY OF WYLIE, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED SEPTEMBER 30, 2016 AS PREPARED BY THE FINANCE DEPARTMENT Profile of the City The City of Wylie is located in the south central portion of Collin County, approximately 23 miles northeast of downtown Dallas. Incorporated in 1887, the City adopted its Home Rule Charter on January 19, 1985, and operates under a council-manager form of government. The City Council is comprised of a Mayor and six council members. All members are elected at-large on a staggered and nonpartisan basis for three-year terms. They are responsible to enact local legislation, provide policy, and annually adopt the operating budget. They appoint the City Manager, City Attorney, Judge of the Municipal Court and members of various boards and commissions. The City Manager, under the oversight of the City Council, is responsible for the proper administration of the daily operations of the City. The City provides a full range of municipal services including general government, public safety (police, fire, and emergency communications), streets, library, parks and recreation, planning and zoning, code enforcement, animal control, and water and sewer utilities. Sanitation services are provided by the City but are privately contracted. The Wylie Economic Development Corporation (WEDC) is included in the financial statements as a discrete component unit. Its purpose is to aid, promote and further economic development within the City. The Wylie Park and Recreation Facilities Development Corporation (4B Corporation) is also combined within the financial statements of the City. Both WEDC and the 4B Corporation are primarily funded with sales tax revenues. Both corporations are discussed more fully in the notes to the financial statements. The annual budget of the City serves as the foundation for its financial plan and control. The budget is proposed by the City Manager and adopted by the City Council in accordance with policies and procedures established by the City Charter, ordinances and state law. The budget process begins each year with a budget message from the City Manager highlighting the objectives to be used in developing departmental budgets. The departmental budgets are then reviewed by the City Manager and a proposed budget is prepared for presentation to the City Council. The City Council reviews the budget in subsequent work sessions and a formal budget is prepared and made available to the public for review by August 5` each year or a date to be determined by the City Council. Prior to official adoption of the budget by Council, a public hearing on the proposed budget is held to allow for public input. Factors Affecting Financial Condition The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City of Wylie operates. Local economy Fast paced growth has again become the predominant characteristic of the City. After the City's growth showed an evident slowdown which went hand in hand with the nationwide economic downturn, there was a much improved environment in Fiscal Year 2013. The growth rate began improving in Fiscal Year 2013, continued in Fiscal Year 2014 and has been very strong in Fiscal Year 2015 and again in Fiscal Year 2016. The 2016 population of the City has been estimated at about 47,776. This represents a modest 2% growth over the previous year which should have been listed at 46,696. The growth is also evidenced in residential construction. Although there was an increase in population of only 2%, residential construction permits remained almost as strong as the previous year total of 479 permits. For the year ending September 30, 2016, the City issued 427 permits. This continues the strong issuance of building permits that first began in Fiscal Year 2013. Fiscal Years 2011 and 2012 saw a decline in construction permits from the prior years. The economy remains strong and this is also evidenced in the tax base. When both residential and commercial growth is considered, our total tax base increased by 11.5% over the previous year. Our freeze adjusted taxable assessed value this year, as provided by the Collin Central Appraisal District, Dallas Central Appraisal District and Rockwall Central Appraisal District,was$2,921,053,864. The City's growth continues at a rapid pace and a very favorable economic environment exists. The City was named the Best Small City for Families in the nation among cities with populations of 25,000 to 100,000 as determined by financial website NerdWallet according to Forbes magazine. In addition the Police Department announced that the City's overall crime rate for 2015 reflected a decrease of 28% per 1,000 population although the population had increased. MI City of Wylie, Texas Management's Discussion and Analysis September 30, 2016 The Statement of Net Position presents information on all of the City's assets and deferred outflows of resources and liabilities and deferred inflows of resources with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. The Statement of Activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flow. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both of the government-wide statements distinguish between governmental activities and business-type activities. Governmental activities basically account for those activities supported by taxes and intergovernmental revenues. On the other hand, business-type activities are basically supported by user fees and charges. Most City services are reported in governmental activities while business-type activities are reported in the Enterprise Fund. The government-wide statements include not only the City but also a discrete component unit, the Wylie Economic Development Corporation (WEDC). Although legally separate, WEDC is financially accountable to the City. Fund financial statements. The City, like other state and local governments, utilizes fund accounting to ensure and demonstrate compliance with finance-related legal requirements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. All of the funds of the City can be divided into two categories: governmental funds and proprietary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains twenty-seven individual governmental funds. Information is presented separately in the Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund and the General Obligation Debt Service Fund. All Capital Projects Funds are combined for a single, aggregated presentation. Data from the other non-major funds are also combined and reported in a single column. Individual fund data for each of the non-major governmental funds is provided in the form of combining statements elsewhere in this report. Proprietary funds. The City maintains one type of proprietary fund, an enterprise fund. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses an enterprise fund to account for its water and sewer operations. Proprietary funds financial statements provide the same type of information as the government-wide financial statements, only in more detail. 6 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES—CONTINUED B. Financial Reporting Entity—Continued Blended Component Unit The Wylie Park and Recreation Facilities Development Corporation ("the 4B Corporation") is presented in the basic financial statements as a blended component unit of the City. The 4B Corporation's board is substantively the same as the City Council. All members of the 4B Corporation other than the board are City employees. The City Manager is the Chief Executive Operating Officer of the 4B Corporation. The purpose of the 4B Corporation, which is financed with a voter-approved half-cent sales tax, is to promote economic development within the City through the construction of park and recreation facilities. The 4B Corporation has a September 30 year-end. The 4B Corporation's financial budget, treasury, and personnel functions are totally integrated with the City's (thus the City has operational responsibility for the 4B Corporation). All of the 4B Corporation's financial information is presented in the basic and combining financial statements along with the notes to these financial statements. The 4B Corporation does not issue separate financial statements. Discretely Presented Component Unit The Wylie Economic Development Corporation (WEDC) is a discretely presented component unit in the combined financial statements. The governing body of the WEDC is appointed by the City Council and the WEDC's operating budget is subject to approval of the City Council. The WEDC's board is not substantially the same as the City Council. The purpose of the WEDC, which is financed with a voter-approved half-cent City sales tax, is to aid, promote and further the economic development within the City. The WEDC is presented as a governmental fund type and has a September 30 year-end. Under a contract with the WEDC, the financial, budget, treasury and personnel functions of the WEDC are integrated with the City. All of WEDC's financial information is presented in the combined and combining financial statements along with the notes to these financial statements. There are no separately issued financial statements of the WEDC. C. Government-Wide and Fund Financial Statements The basic financial statements include both government-wide (based on the City as a whole) and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government and its component units. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely on fees and charges for support. Additionally, the primary government is reported separately from the legally separate component unit for which the primary government is financially accountable. The government-wide statement of activities demonstrates the degree to which the direct expenses of a functional category (Public Safety, Urban Development, etc.) or program are offset by program revenues. Direct expenses are those that are clearly identifiable with specific function or program. Program revenues include: a) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or program, b) grants and contributions that are restricted to meeting the operational requirements of a particular function or program, or c) grants and contributions that are restricted to meeting the capital requirements of a particular function or program. Taxes and other items not properly included among program revenues are reported instead as general revenues. Internally dedicated resources are also reported as general revenues rather than as program revenues. 29 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 NOTE 8. LONG-TERM DEBT—CONTINUED During the year ended September 30, 2016, the City issued $34,250,000 General Obligation Refunding Bonds, Series 2016, of which $4,140,000 is included as part of business-type activities. Net proceeds from the sale, including a $478,714 issuer contribution, totaled $41,282,445. Of these proceeds, $40,903,408 was placed with an escrow agent to provide for all future debt payments of the refunded bonds. This refunding resulted in a decrease in the City's debt service payments of $5,325,413, which resulted in an economic gain (difference between the present value of the debt service payments of the old and new debt) of$4,627,347. As a result of this transaction, $23,905,000 of general obligation bonds and $9,280,000 of combination tax and revenue certificates of obligation of governmental activities, and $4,690,000 of combination tax and revenue certificates of obligation of business-type activities were refunded and are considered legally defeased. As such, they are no longer included as liabilities in the City's basic financial statements. Compensated Absences Compensated absences represent the estimated liability for employees' accrued sick and vacation leave for which employees are entitled to be paid upon termination. The retirement of this liability is typically paid from the General Fund and Enterprise Funds based on the assignment of an employee at termination. Discretely Presented Component Unit—Wylie Economic Development Corporation (WEDCZ WEDC Loans Payable as of September 30, 2016 are as follows: Description Balance $548,935, payable to bank, made December 2012, payable in monthly installments of$10,107 through Noeember 28,2017, including interest at 3.99%., $ 138,838 $400,000, payable to bank, made August 2014, payable in monthly installments of$7,332 through August 22, 2019, including interest at 3.77%. 242,653 $1,685,000,payable to bank, made September 2015, payable in monthly installments of $17,059 through September 2017, including interest at 4.00% 1,650,927 $967,000, payable to bank, made August 2014, payable in monthly installments of$13,268 through final payment of$31,407 on March 15,2021, including interest at 2.61%. 690,868 $722,365, payable to bank,made December 2014, payable in monthly installments of $7,382,45 through final payment of$404,868 on December 10,2019, including interest at 616,779 $387,317, payable to bank, made September 2015, payable in monthly installments of$8,745, including interest at 4..00%,through final payment on September 2,2019, 296,440 $ 3,636,505 46 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 NOTE 8. LONG-TERM DEBT—CONTINUED Discretely Presented Component Unit—Wylie Economic Development Corporation (WEDC) — Continued Annual debt service requirements to maturity for WEDC debt is: Year Principal Interest Total 2017 $ 2,158,293 $ 124,350 $ 2,282,643 2018 424,743 55,840 480,583 2019 385,413 31,019 416,432 2020 571,156 9,108 580,264 2021 96,900 293 97,193 Total $ 3 636 505 $ 220,610 $ 3,857,115 The following is a summary of WEDC long-term transactions for the year ended September 30, 2016: Balance Balance Due Within 0.Description 9/30/2015 Increases Decreases 9/30/2016 One Year Loans payable $2,475,396 $ 1,685,000 $ (523,891) $3,636,505 $2,158,293 Compensated Absences 44,288 51,443 (11,037) 84,694 57,489 Net pension liability 147,106 41,706 188,812 Total long-term liabilities $2,666,790 $ 1,778,149 $ (534,928) $3,910,011 $2,215,782 NOTE 9. PENSION PLAN A. Plan Description The City participates as one of 866 plans in the nontraditional, joint contributory, hybrid defined benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for municipal employees in the State of Texas. The TMRS Act places the general administration and management of the System with a six-member Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the Board, TMRS is not fiscally dependent on the State of Texas. TMRS' defined benefit pension plan is a tax- qualified plan under Section 401(a) of the Internal Revenue Code. TMRS issues a publicly available comprehensive annual financial report(CAFR)that can be obtained at www.tmrs.com. All eligible employees of the City are required to participate in TMRS. 47 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 NOTE 9. PENSION PLAN -CONTINUED C. Contributions-Continued Employees for the City were required to contribute 7% of their annual gross earnings during the fiscal year. The contribution rates for the City were 14.07% and 14.57% in calendar years 2015 and 2016, respectively. The City's contributions to TMRS for the year ended September 30, 2016 (including $36,555 of contributions by WEDC) were $2,611,189, and were equal to the required contributions. D. Net Pension Liability The City's Net Pension Liability (NPL) was measured as of December 31, 2015 and the Total Pension Liability (TPL) used to calculate the NPL was determined by an actuarial valuation as of that date. Actuarial Assumptions: The Total Pension Liability in the December 31, 2015 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.5%per year Overall payroll growth 3.0%per year Investment Rate of Return 6.75%, net of pension plan investment expense, including inflation Salary increases were based on a service-related table. Mortality rates for active members, retirees, and beneficiaries were based on the gender distinct RP2000 Combined Healthy Mortality Table, which male rates multiplied by 109% and female rates multiplied by 103%. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements. For disabled annuitants, the gender-distinct RP2000 Combined Healthy Mortality Tables with Blue Collar Adjustment are used with males rates multiplied by 109% and female rates multiplied by 103% with a 3-year set-forward for both males and females. In addition, a 3% minimum mortality rate is applied to reflect the impairment for younger members who become disabled. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements subject to the 3%floor. Actuarial assumptions used in the December 31, 2015, valuation were based on the results of actuarial experience studies. The experience study in TMRS was for the period December 31, 2010 through December 31, 2014. Healthy post-retirement mortality rates and annuity purchase rates were updated based on a Mortality Experience Investigation Study covering 2009 through 2011, and dated December 31, 2013. These assumptions were first used in the December 31, 2013 valuation, along with a change to the Entry Age Normal (EAN) actuarial cost method. Assumptions are reviewed annually. No additional changes were made for the 2014 valuation. After the Asset Allocation Study analysis and experience investigation study, the Board amended the long-term expected rate of return on pension plan investments from 7% to 6.75%. Plan assets are managed on a total return basis with an emphasis on both capital appreciation as well as the production of income, in order to satisfy the short-term and long-term funding needs of TMRS. 49 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 M NOTE 9. PENSION PLAN -CONTINUED E. Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions For the year ended September 30, 2016, the City recognized pension expense of $3,234,520 (including $45,282 recognized by WEDC). At September 30, 2016, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Differences between expected and actual economic experience $ 301,866 $ Changes in actuarial assumptions 202,818 Difference between projected and actual investment earnings 2,452,421 Contributions subsequent to the measurement date 1,994,487 - Total $ 4,748,774 $ 202,818 The $1,994,487 reported as deferred outflows of resources related to pensions resulting from contributions subsequent to the measurement date will reduce the net pension liability during the year ending September 30, 2017. The other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: Fiscal Year Ended Sept. 30: 2017 $ 660,850 2018 660,850 2019 660,852 2020 570,462 2021 (1,545) Total $ 2,551,469 NOTE 10. NORTH TEXAS MUNCIPAL WATER DISTRICT The North Texas Municipal Water District (the District) is a conservation and reclamation district and political subdivision of the State of Texas, created and functioning under Chapter 62, Acts of 1951, 52"d Legislature, Regular Session, as amended, originally complied as Vernon's Article 8270-141 (the Act), pursuant to Article 16, Section 59 of the Texas Constitution. The District comprises all of the territory of its member cities, viz., Allen, Garland, Princeton, Plano, Mesquite, Wylie, Rockwall, Farmersville, McKinney, Richardson, Forney and Royse City (the "Member Cities"). The District was created for the purpose of providing a source of water supply for municipal, domestic and industrial use and for the treatment processing and transportation of such water to its Member Cities and to its other customers located in North Central Texas, all within the Dallas Standard Metropolitan Statistical Area. 52 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 NOTE 14. CONDENSED FINANCIAL INFORMATION FOR DISCRETELY PRESENTED COMPONENT UNIT Following is selected condensed financial statement information for the fund basis financial statements of the Wylie Economic Development Corporation: Balance Sheet WEDC Assets Cash and equivalents $ 1,262,143 Receivables 1,068,608 Inventory 6,431,018 Prepaids 12,000 Total Assets $ 8,773,769 Liabilities Accounts payable $ 286,067 Unearned revenue 258,343 Total Liabilities 544,410 Fund Balance 8,229,359 Total Liabilities and Fund Balance $ 8,773,769 Statement of Revenues, Expenditures and Changes in Fund Balance WEDC Revenues: Sales tax revenue $ 2,481,757 Interest income 5,225 Miscellaneous income 114,557 Total Revenues 2,601,539 Expenditures: Expenditures 2,677,402 Other financing sources/uses: Insurance recovery 318,052 Loss on disposal of property (1,682,028) Note proceeds 1,685,000 Net change in fund balance 245,161 Fund balance 10/1/2015 7,984,198 Fund balance 9/30/2016 $ 8,229,359 55 CITY OF WYLIE, TEXAS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2016 NOTE 14. CONDENSED FINANCIAL INFORMATION FOR DISCRETELY PRESENTED COMPONENT UNIT— CONTINUED Following are reconciliations between the government-wide financial statements and the fund basis financial statements for WEDC: Reconciliation of fund balance to net position: Total fund balance $ 8,229,359 Deferred outflows- pensions 66,481 Deferred inflows-pensions (2,839) Payables for compensated absences (84,694) Accrued interest payable (4,631) Payable for loan principal not currently due and net pension liability (3,825,3177 Net position $ 4,378,359 Reconciliation of change in fund balance to change in net position: Change in fund balance $ 245,161 Change in payables for compensated absences (40,406) Change in accrued interest payable (613) New loan proceeds (1,685,000) Net effect of GASB 68 implementation (8,726) Payment of loan principal 523,891 Change in net position $ (965,693 NOTE 15. LAND ACQUISITION The discrete component unit owns property with a carrying value of $6,431,018. This property is recorded as inventory and held as an incentive to attract businesses. 56 Wylie Economic Development Cor t oration MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Jackson Street Mixed-Use Development DATE: February 22, 2017 Issue Discuss issues surrounding a proposed mixed use concept on WEDC property located on Jackson Street between Oak and Marble. Analysis Staff has encountered difficulty in marketing the WEDC property on Jackson Street for our envisioned mixed use project. The common response of potential developers is project cost versus the limited income producing square footage. In December staff requested that Pulliam Construction Management (PCM) evaluate our concepts developed by McCarthy Architecture for construction costs and potential income. As a review, there were three schemes developed by McCarthy identifying different structural configurations and retail/living unit densities. The summary of each concept follows with the concept plans attached: Scheme A: Retail 21,820 square feet Dwellings 34,462 square feet Dwellings 41 units * Parking Deck(2nd floor) 15,581 square feet Parking Required 137 ** Parking Provided 116 *** * Dwelling units identified are predominately 800 square feet ** 32 existing parking spaces currently being utilized for downtown will be lost *** Not including 24 spaces on west side of Jackson and 21 public parking spaces at Oak & Jackson WEDC—Jackson Street February 22, 2017 Page 2 of 4 Scheme B: Retail 16,531 square feet Dwellings 59,989 square feet Dwellings 66 units * Parking Deck(2'd floor) 39,485 square feet Parking Required 173 ** Parking Provided 190 * Dwelling units identified are predominately 800 square feet ** 32 existing parking spaces currently being utilized for downtown will be lost *** Not including 24 spaces on west side of Jackson and 21 public parking spaces at Oak & Jackson Scheme C: Retail 21,272 square feet Dwellings 34,646 square feet Dwellings 41 units * Parking Deck(2nd floor) 39,485 square feet Parking Required 135 ** Parking Provided 127 * Dwelling units identified are predominately 800 square feet ** 32 existing parking spaces currently being utilized for downtown will be lost *** not including 24 spaces on west side of Jackson and 21 public parking spaces at Oak & Jackson In refining PCM's task, staff made the assumption that the ultimate goal is to generate as much residential density as possible. Under that assumption PCM was instructed to start with Scheme B in identifying construction cost along with annual revenue/expense projections as follows: Construction Cost $14.3 mm Revenue $964,883 Debt Service $716,267 Overhead $650,472 Cash Flow ($498,344) WEDC—Jackson Street February 22, 2017 Page 3 of 4 Another factor negatively impacting the analysis is that there is no basis for land cost which will have to be factored in at market rates. In evaluating areas of concern as relating to construction cost, $2.2 mm alone is estimated for the parking deck which is difficult to offset with limited density and similarly impacts Schemes A& C. Following the realization that Scheme B will be difficult for a typical investor to undertake, staff requested that PCM identify project specifications which may have a better opportunity to cash flow which is attached as Scheme D and is as follows: Scheme D: Retail 4,000 square feet Dwellings 22,400 square feet Dwellings 22 units * Parking Deck(2'd floor) n/a Parking Required 58 ** Parking Provided 90 *** * Dwelling units identified are 10 @ 800 square feet and 12 @ 1,200 square feet ** 32 existing parking spaces currently being utilized for downtown will be lost *** not including 24 spaces on west side of Jackson and 21 public parking spaces at Oak & Jackson Construction Cost $3.5 mm Revenue $327,200 Debt Service $160,080 Overhead $167,518 Cash Flow ($33,118) Under Scheme D, the retail/office space could potentially be supported without changing traffic patterns due to its orientation toward Marble, the existing 32 spaces of parking could be accommodated on site without having to utilize the `City' parking lot at Oak and Jackson, and the `City' parking lot could potentially be redeveloped with a commercial use without the need for the parking it provides. The scaled-back Scheme D also allows for the commercial development of the McMillan property since on-street parking on the west side of Jackson will support its commercial use. WEDC—Jackson Street February 22, 2017 Page 4 of 4 Staff is not prepared to fully abandon the concepts developed by McCarthy (in conjunction with staff), but there appears to be a wide gap between what we want and what can actually be delivered by the investment community. Recommendation Staff has no recommendation as this is a discussion item but is seeking direction from the Board on how to proceed with this information. Attachment Conceptual Elevation Conceptual Layout — Scheme A Conceptual Layout Scheme B Conceptual Layout— Scheme C Conceptual Layout — Scheme D a ` -_. a -- a e_ _ - — _-mm --uniain -mod t im.mmm-kg'.=m�-�- -��_f �-m �ms_` Ill III y1 Will _III III v1 ;W III 1I .111 ` I• y1 III i NI III M n1 111 �' Ili' III 111 -1111 Ili i i III !Mi. ii-___ _li-111 v `IU' '_I !111 111 ill y -� 'Hi ---e---. _—a--. f ---- --- -' �. --- f Jackson Street Elevation Alley S07°55'46"E 361.87' Ramp up i 1 I '• y , 1s 4- s 30'TYP I 1 m 10 ° I Elevator II O II 1 Y 6 [ -'Illlllll' 1S 3 111111 o /1 Retail Retail Retail Refail Retail Retail Retail Retail Retail Retail Retail aE= I2 2,743'Sq,Ft, 1,303'Sq.Ft, 2,010 Sq,Ft. y 4 N07°55'00'W 363 94' sidewalk ',.. 10 ,HC 10 := HC_ HC 4 N.Jackson Avenue 0 HC HC HC I ,, I ' 2 1 Total retail 21,820'Sq.Ft. Parking deck 15,581'Sq.Ft. 7 Total living units 2nd floor 16,166'Sq.Ft. 19 units Total living units 3rd floor 18,296'Sq.Ft. 22 units Total living units 34,462'Sq.Ft. 41 units Total parking spaces at street 46 8 Total parking spaces at alley 27 -_ Total parking spaces 2nd floor 43 Total parking spaces 1 i 6 MCCARTHY Total required parking for retail 55 y.=e Dow=down 4,.ved Use_Sc e e A Total required parking for living units 82 Streei Level(Retail)Site Plan Total required parking 137 Scale:I/32"=1'-0' key S07°55'46"E 361.87' Ramp up 22 Elevator - . - ... Ti ; m 1 a Retail 1' i 31 1 , Retail 1,11 24 800'Sq.Ft, :0 T i O a 1 y 0 6. 30' s 3, Retail Retail Retail v Retail Retail Retail Retail Retail Retail Retail Retail -6 2,134'Sq.Ft. 1,235'Sq.Ft 1,320'Sq.Ft. 2,120'Sq.Ft. .: N07°55'O0"W 363.94' Sidewalk / i 1 0 1 10 =HC 10 �'HC HC 10 N.Jackson Avenue o'1g I I 4 , Er 733 t 10 {HC i 0 HC HC f I 1 x 2 I Total retail 16,531'Sq.Ft. , Parking deck 39,485'Sq.Ft. i Total living units 3rd floor 28,494'Sq,Ft. 33 units Total living units 4th floor 28,494'Sq.Ft. 33 units Total living units 56,988'Sq.Ft. 66 units Total parking spaces at street 46 Total parking spaces at alley 46 Total parking spaces 2nd floor 98 Total parking spaces 190 MCCARTHY Total required parking for retail 41 A sir 5555 .9,, d 5se_S 5n 5 Total required parking for living units 132 Street Level(Retail)Site Plan Total required parking 173 Scale:l/37=1'-0" Ay 507°5546"E 361.87' E i Romp up 1 13 ' I ,, rj__,•!: --)Iv 1 ! ! 8 _".) ;! ! 1 ! i a , t 70 : i Is .., _ . . ..,s.; 1 ! ._ ER • ; 10 ._ g 9 9 l i 9 . Elevator . ..- • 1 i a `a Retail Retail 0 7,t2: A 1 ‘% 10,627 Sq.Ft. 10,645 Sq Ft. Er ! ri _. _,I, rs5t.cm ,--, '36194 i HC .., HC sidewalk -4 : ---1 N.Jackson Avenue . 1 ' sb 1 14 'I, 8 ,-,-... . . tt. 1 1 1 2 Total retail 21,272 Sq.Ft. . : Parking deck 15,581'Sq.Ft 1 7 i-J Total living units 2nd floor 16.243'Sq.Ft. 19 units Total living units 3rd floor 18,403'Sq.Ft. 22 units Total living units 34,646'Sq.Ft. 41 units Total parking spaces at street 84 8 Total parking spaces 2nd floor 43 Total parking spaces 127 Total required parking for retail 53 MCCARTHY ,--- Total required parking for living units 82 Wylie Dowse:Ave Weed Use-Screme C Total required parking 135 Street Level(Retail)Site Plan Scale:1/32"=1'-0" w _ Iw , F r � - _ _ Space r - 9u �t 90 Parking Spaces (n Including Street Parking p CD 3