05-17-2017 (WEDC) Agenda Packet NOTICE OF MEETING
Wylie Economic Development
C O R P O R A T I O N
Regular Meeting Agenda
May 17, 2017—6:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78 —Wylie, Texas
Marvin Fuller....... ..................... ......... President
Todd Winners ., ....... . ........... .. ..... ............Vice President
John Yeager .. . . ..,,, . ....,..... Secretary
Demond Dawkins Treasurer
Bryan Brokaw..................... . ..... ........ ..................... ......... ......... ............Board Member
Mayor Eric Hogue .Ex-Officio Member
Mindy Manson,City Manager....................................................,...„,,.............„.Ex-Officio Member
Samuel Satterwhite.......... ......... .Executive Director
Jason Greiner .............................................................a...............,....,......,,...,......Assistant Director
Angel Wygant........................................................................................a,...,.........Senior Assistant
In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie
Municipal Complex, distributed to the appropriate news media, and posted on the City Website: www.wylietexas.gov
within the required time frame.
CALL TO ORDER
Announce the presence of a Quorum.
CITIZEN PARTICIPATION
Residents may address the WEDC Board regarding an item that is or is not listed on the agenda. Residents must
provide their name and address. The WEDC Board requests that comments be limited to three (3) minutes. In
addition, the WEDC Board is not allowed to converse, deliberate or take action on any matter presented during citizen
participation.
ACTION ITEMS
I. Consider and act upon approval of the April 18, 2017 Minutes of the Wylie Economic
Development Corporation(WEDC)Board of Directors Meeting.
II. Consider and act upon approval of the April 2017 WEDC Treasurer's Report.
III. Consider and act upon a Performance Agreement between Metalbilia and the WEDC.
IV. Consider and act upon a Second Amendment to a Performance Agreement between KREA
Acquistion, LLC and the WEDC.
V. Consider and act upon issues surrounding a Purchase and Sale Agreement between the
WEDC and Chick-Fil-A, Inc.
VI. Consider and act upon issues surrounding the marketing of WEDC pad sites.
WEDC—Agenda
May 17, 2017
Page 2 of 2
DISCUSSION ITEMS
VII. Staff report: review issues surrounding WEDC Performance Agreement Summary,
Woodbridge Crossing, Environmental Activity Summary, ICSC 2017, 100 Oak Street, and
regional housing starts.
EXECUTIVE SESSION
Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code,
to wit:
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located near the intersection
of:
• Brown& Ballard
• Birmingham&Hwy 78
Section 551.087(Economic Development) of the Local Government Code,Vernon's Texas Code
Annotated(Open Meetings Act).
• Project 2017-3b
• Project 2017-5a
RECONVENE INTO OPEN MEETING
ADJOURNMENT
CERTIFICATION
I certi.6; that this Notice of Meeting was posted on this 12' day of May 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
Wednesday, April 19, 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 6:33 a.m. Board Members present were John
Yeager, Todd Wintters and Bryan Brokaw. Demond Dawkins arrived at 6:37 a.m.
Ex-officio member Mindy Manson, City Manager was present.
WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner and
Senior Assistant Angel Wygant.
CITIZEN PARTICIPATION
President Fuller welcomed citizen guests Lynn Grimes and Ian McGregor. Ms. Grimes reminded the
Board that Taste of Wylie was scheduled for Monday, April 24th with 27 restaurants participating in this
year's event. She encouraged Board members to attend if they were available.
With no further citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the March 21, 2017 Minutes of the Wylie
Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Todd Wintters and seconded by
John Yeager to approve the March 21, 2017 Minutes of the Wylie Economic
Development Corporation. The WEDC Board voted 4 —FOR and 0 —AGAINST
in favor of the motion.
ITEM NO. 2 —Consider and act upon approval of the March 2017 WEDC Treasurers Report.
MOTION: A motion was made by John Yeager and seconded by
Todd Wintters to approve the March 2017 Treasurers Report for the Wylie
Economic Development Corporation. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
ITEM NO.3—Consider and act upon amending the Regular Meeting date and time for the WEDC
Board of Directors.
Staff reviewed that Section 4.07 of the WEDC By-laws states that the President of the Board shall set a
regular meeting date and time. In June of 2016, the WEDC Board set the third Friday of each month at
6:30 a.m. as the regular date and time for FY 2016 - 2017.
WEDC—Minutes
April 19, 2017
Page 2 of 4
Board Members discussed at the March Board Meeting the possibility of a mid-week date for the
regularly scheduled meetings. Staff commented that a Tuesday or Wednesday meeting would require a
Friday posting and facilitate a timelier packet delivery. The Board indicated during discussion that a
Wednesday morning meeting would be preferable
MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to change the
Regular Meeting time/date to the third Wednesday of each month at 6:30 a.m. The
WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 4 - Consider and act upon a FY 2016-2017 Mid-Year Budget Amendment.
Staff presented that to accommodate unanticipated Revenues and Expenses, a mid-year amendment to
the FY 16 - 17 Budget is required and must be presented to the Wylie City Council. Changes to the
budget were provided as follows:
Revenue - Sales tax for FY 16 — 17 was budgeted at $2,467,295 with actuals projected at $2,696,642
creating a net increase of$229,347. There were also three tenants unaccounted for during the budget
cycle generating$41,700 in lease income.
Staff also reviewed an adjustment made to the Unreserved Beginning Fund Balance as of 10-1-16 which
increases total available WEDC resources by $796,457. This increase is a result of insurance proceeds
received after the budget was developed, sales tax receipts over and above budget projections, and
delayed expenditures within FY 15 — 16.
Expense - Personnel changes are a result of salary increases post budget approval. Increases within
Special Services includes remodeling Commerce, CFA Voluntary Clean Up Program (VCP),
Wallace/Commerce MSD/VCP, Jarrard Phase I Environmental, and demolition costs for Wallace
($125,000) McMillan ($12,000) and Jarrard ($15,000). Increases within Land Purchase are a result of
WEDC acquisition of the Jarrard Property(201 Industrial Ct.),Wallace/Dallas Whirlpool Property(900-
908 Kirby St.), and the proposed McMillan purchase (105 N. Jackson). Finally, Streets & Alleys will
be over budget by $295,400 due to increased expenses associated with site improvements for the
Highway 78 pad sites, in addition to parking/alley improvements on Ballard Street.
Staff recommended that the WEDC Board of Directors approve a FY 2016-2017 Mid-Year Budget
Amendment increasing Revenues by $272,477 and Expenses by$799,413.
MOTION: A motion was made by Todd Wintters and seconded by
John Yeager to approve a FY 2016-2017 Mid-Year Budget Amendment increasing
Revenues to $272,477 and Expenses to $799,413. The WEDC Board voted 5 —
FOR and 0—AGAINST in favor of the motion.
ITEM NO. 5 — Consider and act upon issues surrounding an Amendment to the Performance
Agreement between McClure Partners Development Company, LLC and the WEDC.
Staff reviewed for the Board that under the terms of Section 2 (b) of the Performance Agreement
McClure must "complete construction of not less than one, six-thousand square foot commercial
WEDC—Minutes
April 19, 2017
Page 3 of 4
structure on the Williford Tracts as evidenced by a Certificate of Occupancy not later than September
30, 2017."
While construction has been moving forward rapidly in the construction of the restaurant pad sites
located on the F.M. 544 frontage, unforeseen construction delays have occurred on the building located
on the Williford Tracts. McClure has requested an extension of the time period by which they must
receive a Certificate of Occupancy for this building from September 30th to November 30, 2017.
Staff is confident that McClure has diligently been pursuing completion of the project and has no reason
to not consider the request. McClure is significantly motivated to complete the project as the owner,
Inverness Pharmacy, will soon be out of compliance with their existing lease. Staff would however
request that the Board consider a December 31'completion date to allow for even more time in the event
weather continues to be an issue. So long as all improvements are complete by January 1st, there will be
100%value on the tax rolls which minimizes any delay between November and December.
Staff recommended that the WEDC Board of Directors approve a First Amendment to Performance
Agreement extending the date by which McClure Partners Development, LLC must obtain a Certificate
of Occupancy to December 31, 2017.
MOTION: A motion was made by John Yeager and seconded by Demond Dawkins to approve
a First Amendment to the Performance Agreement extending the date by which
McClure Partners Development, LLC must obtain a Certificate of Occupancy to
December 31, 2017. The WEDC Board voted 5—FOR and 0—AGAINST in favor
of the motion.
Mayor Eric Hogue arrived at 7:10 a.m.
DISCUSSION ITEMS
ITEM NO. 9 — Staff report: Staff reviewed issues surrounding WEDC Performance Agreement
Summary, Environmental Activity Summary, Highway 78 WEDC Pad Sites, 100 Oak Street, F.M. 544
pad sites, Metalbilia, Promotional Activities, and regional housing starts.
Demond Dawkins left at 7:28 a.m.
No action was requested by staff for this item.
EXECUTIVE SESSION
Recessed into Closed Session at 7:33 a.m. in compliance with Section 551.001, et.seq. Texas Government
Code, to wit:
Demond Dawkins returned at 7:36 a.m.
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:
• Commerce &F.M. 544
WEDC—Minutes
April 19, 2017
Page 4 of 4
• Ballard& College
• F.M. 544 & Hwy78
• Birmingham & Hwy 78
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated(Open Meetings Act).
• Project 2016-lb
• Project 2016-10a
• Project 2017-la
• Project 2017-2a
• Project 2017-3b
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 9:01 a.m. and took no action.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 9:02 a.m.
Marvin Fuller, President
ATTEST:
Samuel Satterwhite,Director ..
Wylie Economic Development Corporation
MEMORANDUM
TO: Samuel Satterwhite, Executive l)irecto
FROM: Angel Wygant, Senior Assistant ("
SUBJECT: April 2017 Treasurer's Report
DATE: May 7, 2017
Issue
Consider and act upon approval of the April 2017 WEDC Treasurer's Report.
Analysis
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 - $58,901.17. 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 33 payments remaining with a balloon
payment of$33,248.44 due on 12-15-19.
Account Rec — Forgivable Loans - $371,666.66. 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. The first loan payment was forgiven on February 24, 2017 in accordance with the
terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 4
loan payments will be forgiven in equal amounts of $70,000 on an annual basis effective
February 24tn
Deferred Outflows - $552,000. This is a total of incentive payments which are due in the future.
A breakdown of these charges includes: B & B Theatres - $50,000, GetSet - $10,000, All State
Fire - $40,000, Von Runnen Holdings - $10,000, Exco Extrusion Dies — $60,000, KREA -
$100,000, McClure Partners - $50,000, T.W. Snider - $42,000, Patna Properties - $10,000,
WEDC April 2017 Treasurer's Report
May 7, 2017
Page 2 of 3
Freudiger Holdings - $30,000, ACG Texas - $35,000, Trout - $15,000, and REVA Hospitality-
$100,000.
From the Balance Sheet,page 2:
Deferred Inflow - $214,901.17. The Deferred Inflow Account tracks deferred revenues to be
received from Wylie Ice Cream Holdings and Exco Extrusion Dies. The Wylie Ice Cream
deferred revenue is reduced by the monthly principal payment actually received, which for March
was $747.95. The Exco Extrusion Dies deferred revenues will be reduced by $39,000 annually
over a 5-year period. The annual $39,000 amount represents one fifth of the $195,000 profit that
would have occurred if the loan forgiveness were not in place ($350,000 - $155,000 = $195,000).
Revenue and Expense Report,page 2:
Rental Income— $7,600. DCU - $3,400, Delta-E - $800, Austin Said - $3,000, Helical Concepts
- $400.
Revenue and Expense Report,page 3:
Office Supplies - $49.95. Copy Paper.
Food Supplies - $29.48. WEDC Board Mtg. Meal—March.
Incentives - $62,788.70. Clark Street—Qrtly Sales Tax Reimbursement($25,288.70), Dank Real
Estate Incentive 3 of 3 ($7,500), Getset Incentive 2 of 3 ($10,000), VIAA Incentive 2 of 2
($20,000).
Special Services — $7,935.41. Property Tax Refund Kirby $63.34, Consultant — Dwtn Mixed
Use ($5,000), 605 Commerce — Improvement Deposit ($2,000), Janitorial ($157.50), Mowing —
($525), Environmental: 605 Commerce ($316.25).
Advertising- $600. WEHS Football Program.
Community Development - $10,100.45. State of the City - Chamber Luncheon ($330), Season
Tickets—Mavericks ($9,770.45).
Communications - $3,245.36. Internet Svc ($199.23), Sales Force License Renewal ($2,743.88),
Telephone Svc ($188.28), Tablet Svc ($113.97).
Travel & Training - $8,839.24. IEDC — Greiner ($1,287.06), Collin Cty Days Hotel —
Satterwhite ($313.41), ICSC Registration— Yeager, Wintters, Brokaw, Dawkins ($2,440), ICSC
Air — Satterwhite, 011ie, Hogue, Winners, Yeager, Brokaw ($3,212.40), Expedia Travel Pkg —
Hogue ($1,215.42), Bus Mtgs/Prospect Recruit—($370.95).
WEDC April 2017 Treasurer's Report
May 7, 2017
Page 3 of 3
Dues & Subscriptions - $3,319.51. Impact Datasource— ($2,375), IEDC Membership—Greiner
($185), Club Corp Dues—March($659.51),ICSC Dues—Yeager, Dawkins ($100).
Streets & Alleys - 201,334.68. Engineering Services: Hwy 78 Deceleration Lane: Payment 2
($189,049.68), Change order 1 ($6,700), Change order 2 ($5,585).
Computer Hardware/Software - $1,114.98. Computer—Wygant($1,114.98).
Recommendation
Staff recommends that the WEDC Board of Directors approve the April 2017 Treasurer's Report.
Attachments
April 2017 Treasurer's Report
Sales Tax Revenue
Wylie Economic Development Corporation
Statement of Net Position
As of April 30,2017
Assets
Cash and cash equivalents $ 791,600.02
Receivables $ 430,567.83 Note 1
Inventories $ 8,913,591.72
Prepaid Items $
Total Assets $ 10,135,759.57
Deferred Outflows of Resources
Pensions $ 66,481.55
Total deferred outflows of resources $ 66,481.55
Liabilities
Accounts Payable and other current liabilities $ 111,924.99
Unearned Revenue $ 220,901.17 Note 2
Non current liabilities:
Due within one year $ 1,829,737.80 Note 3
Due in more than one year $ 3,948,895.25
Total Liabilities $ 6,111,459.21
Deferred Inflows of Resources
Pensions $ 2,839.41
Total deferred inflows of resources $ 2,839.41
Net Position
Net investment in capital assets $
Unrestricted $ 4,087,942.50
Total Net Position $ 4,087,942.50
Note 1: Includes incentives in the form of forgivable loans for$371,666.66
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 April 30,2017,these commitments totaled$552,000.00.
, ....
6.-11-2011 02:36 PM. CITY' OF WYLIE PAGE: 1
BALANCE SBEET
AS OFt APRIL 30T0, 201/
III-WYLIE ECONOMIC BEVEL CORP
ACCOUNT TITLE
ASSETS
666656
1010-10110 CLAIM 101 CASB; g CASH EQUIV. /84,611.01
1000-10416 CASB. - 01ED:1 - INWOOD 0.00.
1000-10116 ESCROW• 0.00
10(40-101042 DEPOSITS 10000.01
1000-10198 018E13 - MISC CLEARING 0.00
1000-10341 0EX16.401 0.01
1001-10343 LOGIC 0-00
1010-10.461 INTEREST RECEIVABLE 0,00.
1001-11511. AlCIS REC - MISC. 0.01
1000-1161V ACCIS REC - SALES TAW 0.00
1011-12810 LEASE PAYMENTS: REVEIVABIE 0,00
1010-12150 LOAN PROCEEDS RECEIVABLE 0.01
1001-12196 LOAN; RECEIVABLE 56,901.17
1000-12191 ACCTS. REC - JTM TECH 0.00
I000-12098 ACCTS REC - FORGIVEABLE LOANS 311,666.66
1000-14112; INVENTORY' - MATERIAL] SUPPLY 0.00.
1 o o o-I4116 I NV ENTORY' - LAND .g., BUT L DI NOS 8,913,511-12
10101-14111 INVENTORY - BAYC1/ SANDEN BLVD 0.00
1001-14311 PREPAID EXVENERS - MIRE 0-00
1000-14440 DEFERRED ONTELOWS 552,000.00
10,6E1,759.51
TOTAL ASSETS 10,661,759.57
,.....,.........,,,......,, ....2t...-
LIABILITIES
22.,,..... ............,...
2011-20110 FEDERAL INCOME. TAX PAYABLE. 0.00
2000-20111 MEDICARE. PAYABLE 0.00
2000-20111 ailtr) SUPPORT' PAYABLE 0.01
2000-20113 CREDIT UNION PAYABLE. 0.00
2001-20114 IRS LEVY PAYABLE 0.00,
2001-20115 NATIONWIDE DEFERRED COMP 0..00
2000-20116 HEALTH INSDA PAY-SMPLOYEE aal-4 S
2010-201/7/ TORS PAYABLE 0.00
2010-20116 ROTH. IRA PAYABLE; 0,00
2000-21119 WORMERS COMP PAYABLE. 0,01
2000-10121 PICA PAYABLE 0,00
2000-20121 TEl PAYABLE 0-00
2000-20122; STUDENT LOAN LEVY PAYABLE. 0.00
2000-21123. ALIMONY PAYABLE 0.00
2000-20124 BANERVITCY' PAYABLE 0.00
2000-21126 VAIDI DEFERRED COMP 0.01
2000-20126 ICMA. PAYABLE 0.00
2000-20127 EMP. LEVAL SERVICES PAYABLE 0.0V
2000-21111 FLEXIBLE sPENralvc.AMOUNT 500.00
2000-21131 EDWARD JVNES DEEEREED comp o..no
2000-21132 EMP CABE ELITE 12..00
2000-20151. ACCRUED. WAGES PAYABLE 0.04)
2000-20181 ADVIT EMTLOYEE INSGR PAY 0.01
2010-2019R MISC 1AYROL1, PAYABLE 0.00
5-41-.2017 02:36 PM CITY OF WYLIE PAGE: 2
BALANCE SHEET
APRIL, 30T11, 2017
III-WYLIE ECONOMIC DEVEL CORP
AOCOUNT# TIE!E
2000-70201 A! PENDING 4,758,92
2900-.29210 ACCOUNTS PAYABLE 105,205,73
2009-20530 PROPERTY TAXES PAYABLE 0.09
2000-.20540 mcass PAYABLE 552,090.09
2000-20810 DGE TO GENERAL FUND 0.09.
2099-.22270 DEFERRED INFLOW 214,901.17
2090-22275 1100 INFLOW - LEASE PRINCIPAL 0..09
2000-.222a0 DEFERRED, INFLOW - LOOSE ITT' 0,00
2000-22915 RENTAL DEPOSITS. 6,000„00
TT TT
TOTAL LIABILITIES 804,251.27
EQUITY
4---
3090-14110 FUND BALANCE - RESERVED 9,90
3990-34590 FUND BALANCE-UNRESERV/UNDESIO 6,229,357.46
TOTAL BEGINNING. EQUITY 8,229,357.46
TOTAL REVENUE 3,365,E016.35
TOTAL EXPENSES 1,191,715.5d
REVENUE ovER/tUNDss) EXPENSES. 1,574,150.84
TOTAL EQUITY 4 OVER/QUNDER1 9,801,508,39
TOTAL LIABILITIES, EQUITY 4 OVERAiUNDER),, in,681,759.57
--
5-1 1...'-2 017 02:36 PM CI T Y OF WI L I E PAGE: 1
BALANC.E $H EET
AS. OE:...'. APR IL 307,11., 201.7
922.-GEN LONG T ERIA DEBT (NEDC
ACCOUNT# T ulz
ASSETS
1000-4 0 3 12' GOVERNMENT NOTE S 0.00
1000-J 9 I 11 LOAN - 31101 II.00
1000-18120 LOAN - 131 RM1 N6'.H AM 0..00
1000-4 82:10 AMOUNT TO BE 010 V I DE D 0.00
1008.,-.1.8 2. 0 8,1 RMINt7,FLAIA LOAN 0.0 0
/001-4 9050 DEP OUTFLO W - C OVIRI a vr Ions :0,922,29
1009-4.9075 1100 OUTFLOW - INVESTMENT EX2 34,313.48
1000-19100 DE F OUT FLOW - ACT EZ PIA S S UMP• 4,225.71
I 000-1'4!?', (GA I N)/LOSS ON ASS 1114PTI ON C1101 6 2,83.9.4 1)
...........................................................................................................................
63,1)4.2.14
.................._....................................................................................
TOTAL AS SETS 63,642-14
......,...,....,.....,,,,,,.....,,,.,,,...,,
I I ABI LI TIE 8.
2000-70310 COMPEN SATED•ABSENC.'ES: PAYABLE 84,693.61,
2000'.'.20311. COM P ABSENC ES PAY AB LE''..C...URREN T 0.00
2000-21.410 .ACCRNE 0 INT 8 RES T PA YABIZ 4.,630„85.
2000-28205. WE DC. LOAN S/CURRENT 1,797,902„34
2000.-2 a220 .BI BM INC HAM LOAN. 0,00
2000-282 30 INWOOD LOAN 0„00
200.0-2823.21 AN B. LOAN/rDra,s o„00
2000-2 8213 Aiq 0: LOAN?PE ODIC ORD WHI TS 552,.873.65
200.,0-28234 AMP 1.0AN/RAN:0ACR 144,1 GE E S 20,905.75
2000-28235 0513 LOAN 4)„00
2000-2 8 2 3 6 iN.1.4R CONS TRUCTI ON LOAN. 3),00
2000...28231 AND LOAN/ WOODBR1 DGE PANPNA Y 040,2 0 1„60
2 011-2 8238 AMA LOAN it'orlmtli AN t 62,44t'.60
2000-,2.8239 ANTI LOAN/..:.TONES:HOBART PAYOFF 101,6 91-0.4
2000-282.4(1 10)011SS LOAN 0.00
2000-28:?;45 AN13 LOAN i DA L L AS WN I RI OWL. 2,00 0,011.0 0
200 0 2 82 4 7 JARRA RD LOAN 281,972,4 4
2 01 0-2 8 2 50 CI T Y' OE W.Y LIE LOAN 0.01,
2 00 0-28260, i'...B.IMF Kt/TS LOAN 0.00
2000-28270 B°Nit AN D/AN OE R Sk1N LOAN 0.01
2 01 0-2 82 a 0 CAPT.T AL ONE, CAZA D LOAN [3.00'
2000-.28290. HOBA RTICOMMERrE LOAN 0,00
2000-291.50 NET PENSI ON LIAR I LI T Y 1 8,8,81.2,11
------..............................-
TOTAL, L I A BI LI TI ES 5,91 6,1 22„015
EQUITY
1000-34590 PG 14 D BALANCE-U4 RE SE 8V]U 14 OESI!GI 3,7 3 6,0 2 9,5(3)
a o o oa-35 911 UNNERTAICTEN•N ET' PO S 11 I ON 4 114,969.003
---......................................................................................-..
TOTAL 9E0INNIN6 83301 TY' 4 3,8 5 9,00(1,50 1
TOTAL REVENUE ( 2,300,900.001
TOTAL EXPEN S ES ( 378,518.59)
-11-2017 02:36 PM CITY OF WYLIE PAGE;: 2
BALANCE SHEET
AS OF:: APRIL 301H, 2017
922-GEN LONG TERN DEBT (WEDC)
ACCOUNT# TITLE
REVENUE OVER! UNDER) EXPENSES ( 1,921,4E11.41)
TOTAL EQUITY & OVER!(UNDER) ( 5,772,479.91)
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 63,642.14
5-11-2011 03))06 PM CITY OF WYLIE PAGE: 1
REVENUE AND EXPENSE, REPORT - (UNAUDITEIU
AS OF4 APRIL 30TH, 201)
1 -KYLIE ECONOMIC DEVEL, CORP
FINANCIAL SUMMARY
JRBENI CURRENT PRIOR YEAR 3'-T-0 Y-TED BUDGET 5 OF
BUBCET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE, BALANCE BUDGET
REVFENERII31.84,14ARY
TAXES 2,696,642,00 168,814-20 0,00 1,031,344,74 0,00 ' 1,665,29).26 38.25
INTERGOVERNMENTAL, REV, 0,00 0,00 0,00 0.00 0.00 0,00 0,00
INTEREST INCOME 14,388-00 239.53 0,00 9,914.01 0.00 4,473.03 68,91
MISCELLANEOUS INCOME 1,58.0,0511.00 1,600.00 0.00 24,,606.64 0.00 „I,555,451,313 1.56
OTHER FINANCING souss.:Es 0,00 0,00 Cr.00 2,300,000.00 CI,00 3 2,300,000„061 0,00
TOTAL RE.VENIIES ,4,.291,088.00 176,683.73 0,00 ,3.,365,866)35 0.00 925,221.65 78.44
EXPENDITURE SUMMARY
DEVELOPMENT 0O113-0E00 5,283,711.00 3') ,942.99 0.00 I,,791,71,5,51 I) 00 3,481,,995,49 33.91
TarAL EXPENDITURES 5,2113„9 11.00 .494,942.99 0.00 1,99),,715„.51 0,00 3,491,995,48 33,91
REVENUE OVER/(UNDER) EXPENDITURES ( 992,623,003 ( 218,259.2(3) 0,00 1,574,150.64 (13,00 ( 2,566,714.84) I58,511-
1
5-11-2017 0306 PM CITY OF WYLIE PAGE 2
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF AERIE 20TH, 2017
ill-WYLIE ECONOMIC BEVEL CORP
REVENUES
CURRENT CURRENT PRIOR YEAR BUDGET I OF
BUDGET PERIOD PO AnJusT. ncTuAl. 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 2,696,642.00 168,844.20 0.00 1,031,344.74 0.00 1,665,297.26 38.25
TOTAL TAXES 2,696,642.00 168,844.20 0.00 1,031,344.74 0.00 1,665,297.26 38.25
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
4000-411I1! ALLOCATED INTEREST EARNINGS 2,430.00 239.53 0.00 1,744.23 0.00 685,77 71.78
4000-46140 TEXPOOL INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1000-46143 LOGIC INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-46150 INTEREST EARNINGS 2,962.85 0.00 0.00 3,729.33 0.00 ( 766.48) 125.87
4000-46160 LOAN REPAYMENT (PRINCIPAL) 8,995.15 0.00 0.00 4,441.41 0,00 4,553,74 49.38
4000-46210 BANK MONEY MARKET INTEREST 0.00 0,00 0.00 0,00 0.00 0„00 0.00
TOTAL INTEREST INCOME 14,388.00 239.53 0.00 9,914.97 0.00 4,473.03 68.91
MISCELLANEOUS INCOME
4060-4110 RENTAL INCOME 114,300.00 7,600.00 0.00 55,606.64 0.00 59,693.36 48.65
4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4000-40410 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 ( 31,000.00) 0,00 1,381,000.00
2 30-
'(lIlA) MISCELLANEOUS INCOME 1,580,038.00 7,600.00 0.00 24,606.64 0.00 1,555,451.36 1.56
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 RANK 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 0.00 0.00 0.00 0.00
4000-49600 INSURANCE RECOVERIES 0.00 0.00 0,00 0.00 0.00 0.00 0,00
TOTAL OTHER FINANCING SOURCES 0.00 0.00 0.00 2,300,000.00 0.00 ( 2,300,000.00) 0.00
TOTAL REVENUES 4,291,088.00 176,683.73 0.00 3,365,866.35 0.00 925,221.65 78.44
5-11-2017 0306 PM CITY OF WYLIE PAGE° 3
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: APRIL 30TH, 2017
111-WYLIE ECONOMIC DEVEL GORE
DEVELOPMENT CORP-MEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR BUDGET % OE
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
PERSONNEL SERVICES
5611-51110 SALARIES 278,413.00 20,583.72 0.00 159,774.55 0,00 118,638.45 57.39
5611-5)130 OVERTIME 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-51110 LONGEVITY PAY 1,168.00 0.00 0.00 1,168.00 0.00 0.00 100.00
5611-51.145 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
5611-511.70 PARAMEDIC INCENTIVE 0.00 0.00 0.00 0.00 o.00 0.00 0.00
5611-51216 CAR AL0OWANCE, 12,433.00 969.26 MO 7,101-81 0.00 5,331.19 57.12
5611-51220 PHONE ALLOWANCE 4,656.00 1,164.00 0.00 3,492.00 0,00 1,164.00 75.00
561A-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 PEER), 43,047.00 3,250,20 0,00 25,062.39 0.00 17,984.61 58.22
5611-51410 HOSPITAL & LIFE INSURANCE 33,951.00 86.20 0,00 16,936.44 0,00 17,014.56 49.88
5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-51420 LONG-TERM DISABILITY 960.00 80.47 0.00 629.92 0.00 330.08 65.62
5611-51440 FICA 14,577.00 1,278.10 0,00 7,518.59 0.00 7,058.41 51.58
5611-51450 MEDICARE 4,011.00 298.90 0.00 2,359.87 0.00 1,651-13 58.83
5611-51476 WORKERS COMP PREMIUM: 596.00 0.00 0.00 495,36 0,00 100.64 83,11
5611-51480 UNEMPLOYMENT COMP (TMC) 810.00 27.00 0.00 27 00 0.00 783.00 3.33
....................... _______ ''
TOTAL PERSONNEL (SERVICES 394,622.00 27,737.85 0.00 224,565.93 0.00 170,056.07 56.91
SUPPLIES
5611-52010 OFFICE SUPPLIES 5,500.00 49.95 0,00 1,197.86 0.00 4,302.14 21.78
5611-52040 POSTAGE & FREIGHT' 980.00 0.00 0.00 16.89 0.00 963.11 1.72
5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0,,01) 0.00 (Loa 111.00 0.00
5611.-52810 FOOD SUPPLIES 2,250.00 29.48 OAS 639.12 0,00 1,610.88 28.41
5611-52990 OTTER 5 000.00 0.00 0 00 0.00 0 00 5 000 00 0.00
TOTAL SUTPLIES 13,730.00 79.43 0.00 1,853.87 0.00 11,876.13 13.50
MATERIALS FOR MAINTENANC
5611-54630 TOOLS 6 EQUIPMENT 0.00 0.00 0.00 0.00 0-00 0.00 0.00
5611-54810 COMPUTER HARD/SOFTWARE 3,000.00 0.00 0.00 187.50 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 62,788.70 0,00 605,388.54 0.00 569,892.46 51.51
5611-56040 SPECIAL SERVICES 381,651.00 7,935.41 0.60 81,391.39 0.00 300,459.61 21-31
5611-56080 ADVERTISING 144,700.00 600.00 0.00 16,521.00 0,00 128,179.00 11-42
5611-56090 COMMUNITY DEVELOPMENT 52,000.00 10,100.45 0.60 24,158.81 0.00 27,841.19 46.46
5611-56110 COMMUNICATIONS 9,350.00 3,245.36 0.00 6,104.44 0.00 3,245.56 65.29
5611-56180 RENTAL 29,328.00 2,444.00 0.00 19,367.42 0.00 9,960.58 66.04
5611-56210 TRAVEL 6 TRAINING 38,848.00 6,839.24 0.00 22,685.93 0,30 16,162.07 58.40
5611-56250 DUES & SUBSCRIPTIONS 21,873.00 3,319.51 0,00 9,786.81 0.00 12,086.19 44.74
5611-56310 INSURANCE 4,310.00 0,00 0.00 3,201.10 0,00 1,108.90 74.27
5611-56510 AUDITS LEGAL SERVICES 33,010.00 0.00 0.00 19,579.50 0,00 13,430.50 59.31
5611-56570 ENGINEERING/ARCHITECTURAL 42,863.00 0.00 0.60 22,863.30 0.00 19,999.70 53.34
5611-5661.0 U1ILITIES-ELEC7RIC 2 400 00 256 20 0.60 957.42 0,00 1 442 58 39 89
TOTAL CONTRACTUAL SERVICES 1,935,814.00 99,828.87 0.00 832,005.66 0.00 1,103,808.34 42.98
5-11-2017 03:06 PM CITY OF WYLIE PAGE( 4
REVENUE AND EXPENSE RERURT - (ONAUDI=A
AS OF( APRIL 30TF, 2017
111-WYLIE ECONOMIC. DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-I) Y-T-D BUDGET W OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
DEBT SERVICE & CAP. REDO
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 47,353.87 0.00 378,518.59 0.00 ( 378,518.59) 0.00
5611-57415 INTEREST EXPENSE 0.00 17,793.31 0.00 114,734.30 0.00 ( 114,734.30) 0.00
5611-57710 BAD DEBT EXPENSE 0.90 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEBT SERVICE & CAP. REPL 1,910,906.00 65,147.18 0.00 493,252,89 0.00 1,417,653.11 25.81
CAPITAL OUTLAY
5611-58110 LAND-PURCHASE PRICE 331,439.00 0.00 0.00 2,482,573.30 0.00 ( 2,151,134_30) 749.03
5611-58120 DEVELOPMENT FEES 0.00 0.00 0.00 0.00 0.00 0,00 0.00
5611-58150 LAND-BETTERMENTS 0.00 0.00 0.00 0.00 0,00 0,00 0.00
5611-58210 STREETS 6 ALLEYS 686,700.00 201,334.68 0.00 238,734.68 0.00 447,965,32 34.77
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 1,114.98 0.00 1,114.98 0.00 3,885,02 22.30
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 2,482,573.30 0.00
TOTAL CAPITAL OUTLAY 1,025,639.00 202,4.49.66 0.00 239,849,66 0.00 785,789.34 23.39
OTHER FINANCING (USES)
5611-59111 TRANSFER TO GENERAL FUND 0,00 0.00 0.00 0.00 0.00 0.00 0.00
5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-59430 TRANSFER TO CAPITAL PROJ FU 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 ((JSES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEVELOPMENT CORP-WEDC 5,283,711,00 394,942.99 0.00 1,791,715.51 0.00 3,491,995.49 33.91
TOTAL EXPENDITURES 5,283,711.00 394,942.99 0.00 1,791,715.51 0.00 3,491,995,49 33.91
REVENUE OVER (UNDER) EXPENDITURES ( 992,023.00) ( 218,259.26) 0.00 1,574,150.84 0.00 ( 2,566,773.84) 158.58-
END OE' REPORT :)'':*
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5-11-2017 3°12 PM DETAIL LISTING PACE° 2
FUND 111- LIE ECONOMIC UEVEL CORP PERIOD TO USE: Apr-2017 THRU Apr-201.7
DEPT 611 DEVELOPMENT CORP-WEDC ACCOUNTS° 5611-52010 THRU 5611-58910
POST DATE TRAM # REFERENCE PACKES-,=====DESCRIPTION----- VEND INV/jE #
BEGINNING BALANCE 542,599.84
4/20/17 4/21 A.84675 CHIC.° 098829 89879 CLARK STREET-QRTLY. REIMD 003990 041817 WEDC 25,288.70 567,888.54
4/20/17 4/21 1084676 03314° 088830 89879 INCENTIVE 3 OF 3 004349 PAY 83 041817 7,500.00 575,388.54
4/20/17 4/21 A84677 03114° 088831 89879 GETSET INCENT 2 OF 3 004451 PlOY #3 041817 10,000.00 595,388.54
4/20/17 4/21 A84678 ONE 088836 89879 VIAA INCENT 2 OF 2 004516 INCENTIVE #2 A03R17 20,000.00 605,388.54
DB° 62,788.70 CR° 0.00 62,788.70
5611-56040 SPECIAL SERVICES
BEGINNING 'BALANCE 73,455.96
4/07/17 4/07 0336111 ROOT 00840077 22846 CC TAX ASSESSOR/REFUND 63.34CR 73,392.64
4/10/17 4/10 A83784 (HE: 088637 89628 VCP 605 COMMERCE 001320 VC170040628 WEDC 316.25 73,708.89
4/10/17 4/1.0 A83786 ONE: 088634 89628 CONSULT - MIXED USE 003269 174 WEDC 5,000.00 78,708.89
4/12/17 4/12 A84096 CHK° 0887.14 89691 605 COM URN DEPOSIT 004816 041217 CEPOSIT 2,000.00 80,709.89
4/13/17 4/13 A84130 011IC° 088729 89708 jANITORTAL SVC - APRIL 002330 41405 157.50 80,866.39
4/20/17 4/20 A.84585 CHF.° 088817 89863 MOW-GOLD & SILVER 001.173 043017 WEDC 120.00 80,986.39
4/20/1U 4/20 184585 011K° 088817 89863 MOW-P.O.. LOT 001173 043017 WEDC 180.00 81,166.39
4/20/17 4/20 A84585 031K° 088817 89863 MOW-DDOH. 001.173 043017 WEDC 45.00 81,211.39
4/20/17 4/20 A84585 CHK° 088817 89863 MOW-DUAL PROD 001173 043017 WEDC 60.00 81,271.39
4/20/17 4/20 A84585 C71K° 089817 89863 MOW-COOPER CURVE 001173 042017 WEDC 60.00 81,331.39
4/20/17 4/20 2184.585 011K° 08881.7 89863 MOW-WAGS LOT 001173 043017 WEDC 60.00 81,391.39
DB° 7,998.75 CR.° 63.34CR 7,935.41
5611-56080 ADVERTISING
BEGINNING BALANCE 15,921.00
4/10/17 4/10 A83788 01410° 088639 89628 FOOTBALL PROG. AD 003441 04.0717 WEDC 600.00 16,521.00
.,°.,,m....rn APRIL ACTIVITY. DB° 600.00 CR° 0.00 600.00
5611-56050 COMMUNITY DEVELOPMENT
BEGINNING BALANCE 14,058.36
4/10/17 4/10 All 1781 CHK: 088638 89628 CHAMBER LUNCH - MARCH 000468 8190 WECC 330.00 14,388.36
4/12/17 4/12 A84013 01110° 098699 89677 SPORTING TICKETS-MAV 001653 90403 WEDC 9,770.45 24,158.81
APRIL ACTIVITY. DB° 1.0,100.45 CM:: 0.00 10,100.45
5611-56110 COMMUNICATIONS
BEGINNING B A L A. N C F. 2,859.08
4/10/17 4/10 2183790 CHK° 088630 89628 INTERNE'( SVC 004568 2101577989 MR25-AR 199.23 3,058.31
5-11-2017 31.2 PM DETAIL LISTING PAGE„ 3
FUND " 111-NYLIE ECONOMIC DEVEL CORP PERIOD TO USE Apr-2017 TBRD Apr-2017
DEPT 611 DEVELOPMENT CORP-MEDC ACCOUNTS, 5611-52010 TBRU 5611-58910
ROOT DATE TRAIN # REFERENCE PACEET,======DESCRIPTION------ VON)) INV/JE #
4/19/17 4/19 A.84450 DITT, 000339 89835 SALES FORCE LICENSE 000912 8277 APR17 GREINER 2,743.88 5,802.19
4/19/17 4/1.9 A84435 DOT 000339 89834 TELEPBONE SERVICE 000912 8277 APR17 SAITERN 0.02 5,802.21
4/19/17 4/19 2984435 OFT, 000339 89834 TELEPHONE SERVICE 000912 8277 APR17 SATTERN 188.26 5,990.47
4/20/17 4/21 7/84672 0RX. 088835 89879 TABLET SVC - WEDC 001797 822495799-07 MAR1.7 113.97 6,104.44
1)5, 3,245.36 CR. 0.00 3,245.36
5611-56180 RENTAL
BEGINNING BALANCE 16,923.42
4/11/17' 4/11 A83859 CHK 088646 89648 COPIER RENTAL 003509 98165 194.00 17,117.42
4/24/17 4/24 AE4B93 C)0E 08e891 69931 EENT " MAY c03231 041717 MAY 2,250,00 19,367.42
APRIL ACTIVITY 0.13 2,444.00 CR, 0.00 2,444.00
5611-56210 TRAVEL & TRAINING
BEGINNING BALANCE 13,846.69
4/19/17 4/19 A.84450 DI,T 000339 8983h IEDC COURSE-GREINER. 000912 8277 APR17 GREINER 640.00 14,486.69
4/19/17 4/1.9 A84450 DFT 000339 69835 IEDC HOTEL-GRIENER 000911 8277 APP1.7 GREINER 430.66 14,917.35
4/19/17 4/19 A.84450 DFT:: 000339 89835 IEDC AIM-GREINER. 000912 827/ APR17 GI/DINER 216.40 15,133.75
4/19/17 4/19 A.844.50 OPT: 000339 B9635 BRE/EXPANSION 000912 8277 APR17 GREINER 23.24 15,156.99
4/19/17 4/19 A04450 OCT.: 000339 89835 BRE-NEW PROSPECT 000911 8277 AP1117 GREINER 1.03.14 15,260.13
4/19/1.7 4/1.9 A84435 DOT: 000339 89834 BUS MTG-PRUSAK 000912 82.77 APR1.7 SATTERN 21.8.01 15,478.14
4/19/17 4/19 A84435 DFT 000339 89834 COLL COY DYS-SATTER 000912 82.77 ARR17 SAT1TRN 313.41 1.5,791.55
4/19/17 4/19 A.84460 DOT 000339 89835 ICSC REG-WINTS/BREAW 000912 8277 APR17 WYCANT 1,220.00 17,011.55
4/19/17 4/19 2184460 DFT 000339 89835 ICSC REG-YEAGER 000912 8277 APR17 WYGANI' 610.00 17,621,55
4/19/1.7 4/19 A84460 DFT 000339 85835 ICSC REG - DAWRINS 000912 8277 APR17 WYCANT 610.00 18,231.55
4/19/17 4/19 A84460 DFT 000330 89335 BUS MTG - TROUT 000912 8277 AP1417 WYGANT 26.56 18,258.11
4/19/17 4/1.9 A.84460 OPT'. 000339 89835 ICSC AIR-SATTER 000912 8277 APR17 WYCANT 414.40 1.8,672.51
4/19/17 4/19 8,84460 OFT 000339 89835 ICSC EXPEDIA-BOGUE 000911 8277 29D1617 WYGANT 1,21.5.42 19,887.93
4/19/17 4/19 A84460 DPI'2 000339 8983h ICSC AIR-OLLIE 000912 8277 AP1117 WY//ANT 618.40 20,506.33
4/19/17 4/1.9 A194460 11)1': 000339 89835 ICSC AIR-HOGUE 000912 8277 API/1/ WYGANT 474.40 20,980.73
4/19/17 4/19 A.84460 DIfl 000339 89835 ICSC AIR-WINTTERS 000912 8277 APR17 WYCANT 414.40 21,395.13
4/19/1.7 4/19 2984460 DFT 000339 89835 TCSC AIR-1/EA1,E5 000912 8277 APR17 WYGANT 672.40 22,067.53
4/19/17 4/19 A84460 DOT 000339 89835 ICSC AIR--BROKAW 000912 8277 APRI7 WYGANT 618.40 22,685.93
13.18 8,839.24 CI.1 0.00 8,839.24
561.1-56220 PROFESSIONAL TRAINING
BEGINNING BALANCE 0.00
S611-56250 DUES & SUBSCRIPTIONS
5--11--2017 3::1.2 PM DETAIL LISTING PAGE?: 4
FUND) : 1:1.1-WYLII ECONOMIC 0E1YEI COBB PERIOD TO USE,: Apr 2017 THI.0 Apr-'2017
DEPT a 611 DEVELOPMENT CORN-WED(:: A.LOUNTS. 5611. 520:1.0 3)LR.0 561.::1.-58910
POST DATE TR.AN ,# REFERENCE,,, RACKE ,:::,. ..DESC1R.IPT ION= VEND I:N0/JC # NO"Pi" .....:11PNC)C1N"I ilALA:NCkd -
BEGINNINGEI A. L A. N C E 6,467.30
4/12/::1.7 4/12 A64039 CMII 098701 89677 IMPACT OATA°OURGF, PROD 004615 1:3E27 WEEK 2,.375.00 8,842,.30
4/19/17 4/1.9 A84450 DF'I'. 000339 8993.1 IEDC, I4t,M8,' " GRE;"LNhIPt 000912 6277 AI%R17 GI2EIN13:R. 1.83.00 9,027.30
4/19/:17 4/19 A84435 IDfG 000339 89834 CLUB CORP DUES IO7SRCEH 000912 8277 A.PR1.7 SATTER.IA'1 659.51 9,,686.81
4/19/17 4/19 A84460 OFT:: 000339 89835 ICSC DUCT-YEADER 0009:12 8277 APRI-°7 NY'C.IANT 50.00 9,736.91
4/19/17 4/19 A.74470 DOT: (100339 89835 IC SC DUES-DAWKINS 00091.2 9277 APR17 WYGANT 50.00 9,786.91
01B 3,319.51 CR.. 0,00 3,31.9..5.1
56 11--56310 INSURANCE
BEGINNING BALANCE 3,201,10
5611---5651.0 AUDIT 6 LEGAL SERVICES
BEGINNING BALANCE 19,579.50
561.1.--56570 o,NGINEER.::CNG/ARCIbI°.I'EC7'3oJRAL
BEGINNING BALANCE 22,863.30
5611.-55E610 UTILITIES-ELECTRIC
BEGINNING B A. L A N C E 701.22
4/11/17 4/1.1. A8::3953, CHIC^ 0886E4 8.9648 UTILITIES-ELECTRIC 003:302 1171655189 PEP-MR3 1773.21.. 786.4::3
4/11./17 4/11 A.83054 OU..K. 098654 /1964.0 UTILITIES-ELECTRIC 003302 11/11351R Y JA°l-P82 9:1.0:3 877.46
4/1 I/17 4/11 A83851 C/MI 086654 89648 UTILITIES-WATER. 04)1302 122-7.040 0V;10.0.71 :1.6..1732 893.99
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4/1.1./1.7 4/ll].. A.El3S.if C:EdI4: 088(i.`:r9 896484�.I"P:.1:.II:111L„--6dA`C'GR. 003302 .1d�.Y•1f7411-P.II, ["F:FJ3"7 1Qi.,.:i2. 9:1.0.50
4/11./17 4/17 A83857 CHK• 086654 89648 UTILITIES-GAS 003302 3025217086 889'17 .33.27 943,77
4/.11/17 4/11 A83850 CHK. 088654 89648 UTILITIES-GAS 003302 3026261066 N//El':) 1:3.65 9'S"7.42
.,v,.,.,. -,,,,,,,,,,,., A PR I L ACTIVITY GB: 256.20 CRC: 0.00 256.20
561.1--57:1.1.0 06)1:'I SERVI:C:E
BEGINNING B A. L A N C E 0.00
561.1.--5741.0 PRINCIPAL PAYMENT
BEGINNING BALANCE 331,164,72
4/10/1.7 4/21 B56270 Bnk II1l:: 011017 :1.5712. .JE25280 PGDDIODR.D/Wll(TE PP3"I'42.0 .11.1'Io 026290 5,334.39 .411,497.11
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4/21/17 4./26 Fl56328 1:3n1S. L,ft 092117 15793 TEGi329 fl'C.1C:6dANAN :PMa" #32. :JL# 02632.9 6„694.43 3:r7,0747.71
4/21/17 4/26 1356330 Pink DLL 0421.17 1.5743 J626331 EDGE POT 371.0 JIll 026331 1.1„613.47 366,668.18
4/28/17 4/26 E56334 Bnk Df.Y:. (142317 1..5745 .:JE2633.5 RI.JCIILfS/RANDK i'l41' 53 .J16lt 02.6335 9„830..41. 378,518..59
•.,,,,, M,mm.=.,„.. APR IL I ACTIVITY 1:18: 47,353.87 CR r 0.00 47,353.67
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5-11-1017 3 I 2 PM DETA EL Ll ST ING PAGE.1. 6
FUND I-WY LIE ECONOMIC LEVEL CORP PERIOD TO USE: Apr-2017 THIRAJ .Apr-2011
DEPT 611 DEME LO PME NT CORP WEDC: ACCO UN TS1: 561.1.-5204 0 THAU 5611-58 910
POST DATE 'MAN 1 RE FEPE NCE P AC SCA PT' VEND INV/ P # NOTE ---, N T API E
5611--.2 6810 COMPUTER HARD/SOFTWAPE
BEG INN ING BALANCE 0.00
4/19/17 4/19 A84460, DrT; 00)339 89835 COM PU T E R WeG AN'T 001912 8211 A PR111 1q12,11 NT III14.22 A0I14,98
• AL RIP APT I092 DB: I r 1.14.98 CR 0„00 1,1 IA.98
541.1-586'30 FURNITURE FI XTURES
BEGINNING BALANCE 0 00
5.511-50910 BUZ LO INC S
BEGINN I NG BALANCE 1 „ON
300 ERRORS IN TH IS REPORT
REPORT TOTALS 0* - DEBITS --- 04PIIiT'
itiEt i;I N NI NG 11A LANCE SI. 3,682,547.74 .00
REPORTED ACTIVITY' 374,157.37 6,952.23CR
ENDING BALANCES; 4.056.,675. 11 6,952.23C09
TOTAL FUND ENDING BALANCE: 4 0490722.Re
Wylie Economic Development Corporation
Balance Sheet Sub Ledger
April 30, 2017
Notes Payable
Date of Rate of Principal
Purchase Payment Beginning Bal. Principal Interest Interest Balance
April 1, 2017 5,613,356.70
ANBTX-88130968 HUGHES/RANDACK(#53 of 60) 10/23/12 10,107.00 80,415.06 9,830.41 276.59 3.99 70,584.65
ANBTX-88130976 WOODBRIDGE PKWY (#32 of 60) 8/15/14 13,267.93 620,392.78 11,874.61 1,393.32 2.61 608,518.17
ANBTX-88148481 BUCHANAN(#32 of 60) 8/13/14 7,331.95 202,923.97 6,694.43 637.52 3.77 196,229.54
ANBTX-88149711 PEDDICORD/WHITE(#28 OF 120 12/12/14 7,382.45 585,161.33 5,334.39 2,048.06 4.20 579,826.94
ANBTX-88158043 K&M/HOBART(#19 of 48) 9/2/15 8,745.25 249,271.59 7,914.34 830.91 4.00 241,357.25
ANBTX-88157334 LINDUFF/EDGE(#10 of 15) 10/21/15 17,059.81 1,581,166.77 11,613.47 5,446.34 4.00 1,569,553.30
ANBTX-88158357 DALLAS WHIRLPOOL(#5 of 60) 11/22/16 6,888.89 2,000,000.00 0.00 6,888.89 4.00 2,000,000.00
JARRARD GRAYS AUTO(#4 OF 120) 12/1/16 3,109.15 294,025.20 2,006.56 1,102.59 4.50 292,018.64
April 30, 2017 $55,268.21 $18,624.22 5,558,088.49
Wylie Economic Development Corporation
Inventory Subledger
April 30, 2017
Inventory -Land
Date of Pur. Address Acreage Improvements Cost Basis Sub-totals
Cooper McMasters 7/12/05 709 Cooper 0.48 n/a $202,045
Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934
Perry 9/13/06 707 Cooper 0.49 Demo 200,224
Bowland/Anderson 10/9/07 Cooper Dr. 0.37 n/a 106,419
KCS 8/1/08 Cooper Dr. 0.41 n/a 60,208
Duel Products 9/7/12 704 Cooper Dr. 0.50 n/a 127,452
Randack 10/23/12 711-713 Cooper Dr, 1.09 217,500 8,880 400,334
Lot 2R3 7/24/14 Cooper Dr. 0.95 n/a 29,056 $1,.312.672
Industrial Ct. Hughes 7/25/06 211 -212 Industrial 0.74 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
March 2017
DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT
04/02/17 Cytracom 188.28 Telephone Service N/A
03/17/17 Club Corp 659.51 Dues Dues
03/23/17 The Grove 218.01 Business Mtg/Prospect Recruitment Satterwhite, Prusak(2)
03/30/17 Doubletree-Austin 313.41 Collin Cty Days-Hotel Satterwhite
TOTALI 1,379.21
WEDC Assistant Director
JPMorgan Chase
Expense Report
March 2017
DATE VENDOR I PURPOSE AMOUNT
3/8/17 IEDC Membership Renewal-Greiner 185.00
3/8/17 GA Tech EDU IEDC Entr.reneurial & Sm Bus Devel. Course-Greiner 640.00
3/8/17 Tickets at Work IEDC Hotel-Greiner 430.66
3/8/17 American Airlines IEDC Flight-Greiner 216.40 ,
3/9/17 Sales Force License Renewal 2,743.88
3/16/17 Grand China Buffet BRE Expansion 23.24
3/23/17 American Airlines Center BRE- New Prospect Recruitment 103.14 i
I Total I 4,342.32
i
WEDC Senior Assistant
JPMorgan Chase
Expense Report
March 2017
DATE I VENDOR PURPOSE 1 AMOUNT
3/9/17 Frys Electronics Computer-Wygant _ 1,114.98
3/13/17 ICSC Registration -Wintters/Brokaw 1,220.00
3/13/17 ICSC Registration -Yeager 610.00
3/13/17 ICSC Dues-Yeager _50.00
3/20/17 Kroger JWEDC Board Meeting Meal 18.95
3/20/17 Jimmy Johns Bus Mt.. -Trout 26.56
3/20/17 American Airlines I ICSC- Satterwhite-Air 414.40
3/21/17 Expedia ICSC- Hogue-Travel 1,215.42
3/21/17 McDonalds WEDC Board Meeting Meal 10.53
3/21/17 American Airlines ICSC-011ie-Air 618.40
3/21/17 American Airlines ICSC - Hogue-Air 474.40
3/28/17 American Airlines ICSC -Wintters 414.40
3/28/17 American Airlines ICSC-Yeager 672.40
3/29/17 American Airlines ICSC- Brokaw 618.40
3/31/17 ICSC Dues- Dawkins 50.00
3/31/17 ICSC Registration - Dawkins 610.00
Total 8,138.84
WEDC Leasehold Subledger
Amount
Tenant Address Due Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17
Helical Concepts 1st 1710-711 Cooper 1 $400 11/29/161 12/22/16 1/25/171 2/27/17 3/22/171 4/27/17
(Wheels Unlimited 15th 605 Comm-Ste 201 $1,400 12/22/16 1/19/17 2/14/17 3/13/17 4/17/17
Trimark Catastrophe 15th 605 Comm-Ste 204 $1,000 12/7/16 2/1/17 2/23/17 3/1/17 4/10/17 5/3/17
Dennis Richmond 1st Steel Rd $500 12/14/16 1/10/171 2/20/17 3/6/17 4/13/171 5/3/17
half 1&Half
Austin/Said LLC 1st 605 Commerce $2,000 12/27/16 2/13/17 3/17/17 4/13/17 5/12/17
Austin/Said LLC 1st 106 N. Birmingham $1,000 12/27/16 2/13/17 3/17/17 4/13/17 5/12/17 5/12/17
DCU 1st 900 Kirby $3,400 1/10/17 1/6/17 1/27/17 2/23/17 3/24/17 4/28/17
Auto Hail 1st 908 Kirby $3,000 12/9/16 n/c _n/c n/c rr/c 5/8/17
Delta-E 1st 201 Industrial Ct $800 ( 1/6/17 1/25/17 2/23/171 3/23/17 4/24/171 I
(*)Austin/Said LLC-March 2017 payment for 605 Commerce waived due to environmental remediation,removal of slab section,and roll-off dumpsters impeding access.
WYLIE ECONOMIC DEVELOPMENT CORPORATION
SALES TAX REVENUE
FOR THE MONTH OF MAY 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 171,741 167,082 191,648 24,566 14.70%
APRIL 134,475 154,920 168,844 13,924 8.99%
MAY 211,645 238,646 244,816 6,170 2.59%
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 $1,276,161 $125,465 10.90%
AUDIT ADJ
TOTAL $2,191,785 $2,481,757 $1,276,161 $125,465 10.90%
WEDC SALES TAX ANALYSIS
$300,000 ......_. ...........�...................... .. .. nm.n. n..m .._ m. .nnm .,.e. ...n_m_.__n..
$250,000 I
$200,000 -
$150,000 . � _
02016 02017
$100,000 1 f
$50,000 .
i
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a) 2 .8 2 Q w i0 a)
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Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Jason Greiner, Assistant Director <
SUBJECT: Metalbilia Performance Agreement
DATE: May 17, 2017
Issue
Consider and act upon a Performance Agreement between the WEDC and Metalbilia.
Analysis
Mr. Patrick Payton initially came to the WEDC in an attempt to evaluate his options for a new
facility in Wylie, TX. Mr. Payton planned to lease an existing structure to help with immediate
production needs, but also knows his production capacity is limited by the size of facility. Future
plans call for larger manufacturing or production space and a possible retail store front.
Following direction from the WEDC Board in Executive Session and an oral commitment by the
WEDC staff for assistance, Mr. Payton started renovation at 108 S. Jackson Ave. Ste. 201.
Wylie, TX. 75098.
Mr. Payton expects to hire at least one new full-time employee and his projected expenses for
new equipment exceed $12,000 this first year. Although this is a smaller project, the WEDC
Board recognizes the need for small business development and assisting our local entrepreneurs
as they grow and expand. The renovation is nearly complete and they plan to be completely up
and running in April 2017.
The attached Agreement proposes a total maximum incentive of$4,800 which is broken down as
follows:
Incentive No. 1 ............................................. ....................... $4,800
➢ Proof of new hire and employment throughout the year
➢ Equipment expenditures verified at $12,000
➢ Executed Lease Contract through March 31, 2018
1�14
WEDC—Metalbilia Agreement
May 17, 2017
Page 2 of 2
Should Metalbilia fail to meet the Performance Measures for Incentive No. 1, the entire
Performance Agreement is voided in advance. Further, no partial incentive payments will be
provided.
Staff Recommendation
Staff recommends that the WEDC Board of Directors approve a Performance Agreement
between WEDC and Metalbilia providing for a maximum incentive of $4,800 and further
authorizing the WEDC Executive Director to execute said Agreement.
Attachments
Performance Agreement
PERFORMANCE AGREEMENT
Between
WYLIE ECONOMIC DEVELOPMENT CORPORATION
And
Patrick Payton
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
Patrick Payton, a Sole Proprietorship (the "Company").
RECITALS
WHEREAS,the Company is desirous of opening a new business and leasing office&production
space in Wylie, Texas (the "Project"). The project will have an estimated cost of twelve thousand dollars
($12,000) and will be located 108 S. Jackson Ave. Ste. 201 in Wylie, Texas (the "Facility"); and
WHEREAS, Company has requested that the WEDC provide economic assistance to offset the
cost of purchasing additional equipment and hiring additional employees for the business operated at the
Property; 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 Four Thousand Eight Hundred
Dollars ($4,800.00) (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 March 31, 2018.
Upon meeting the qualifications and requirements (the "Performance Requirements"), the
Company shall be entitled to the following Economic Development Incentives:
Economic Development Incentive Payment Schedule:
Expected Cost of WEDC Total WEDC Eligibility
Year Incentive Equipment Incentive Incentive Expiration
2018 No. 1 $0 $1,600 $1,600 1-31-2018
2018 No. 2 $0 $1,600 $3,200 2-31-2018
2018 No. 3 $12,000 $1,600 $4,800 3-31-2018
Page 1 of 4
W:\Board\2017\05-17-17\Metalbilia-Performance Agreement.docx
II. Performance Requirements for Economic Development Incentive..
Incentive No. 1: An Economic Development Incentive of One Thousand Six Hundred Dollars
($1,600.00)will be paid to Company upon completion of the following Performance Requirements
for Incentive No. 1:
1. Receipt of documentation by WEDC supporting the renovation of the Property as
evidenced by a Certificate of Occupancy issued by the City of Wylie on or before May 31,
2017, approval of said documentation at the sole and absolute discretion of the WEDC;
and
2. Receipt of documentation by WEDC supporting the purchase of new equipment at a
minimum cost of Twelve Thousand Dollars ($12,000) as evidenced by paid invoices
supporting the minimum investment, approval of said documentation at the sole and
absolute discretion of the WEDC; and
3. Proof of continual occupancy of 108 S. Jackson, Suite 201; and
4. Employ at the Property not less than One Full-Time Employee through January 1, 2018;
and
5. Eligibility expiration for the Company to qualify for this Incentive is January 31, 2018.
Incentive No. 2: An Economic Development Incentive of One Thousand Six Hundred Dollars
($1,600.00)will be paid to Company upon completion of the following Performance Requirements
for Incentive No. 2:
1. Proof of continual occupancy of 108 S. Jackson, Suite 201; and
2. Employ at the Property not less than One Full-Time Employee through February 1, 2018;
and
3. Eligibility expiration for the Company to qualify for this Incentive is February 31, 2018.
Incentive No. 3: An Economic Development Incentive of One Thousand Six Hundred Dollars
($1,600.00)will be paid to Company upon completion of the following Performance Requirements
for Incentive No. 3:
1. Proof of continual occupancy of 108 S. Jackson, Suite 201; and
2. Employ at the Property not less than One Full-Time Employee through March 1,2018; and
3. Eligibility expiration for the Company to qualify for this Incentive is March 31, 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 2 of 4
W:\Board\2017\05-17-17\Metalbilia-Performance Agreement.docx
IV. Non-Attainment of Performance Requirements. In the event that the Company does not meet
or exceed a Performance Requirement as specified in Section II, the WEDC Economic
Development Incentive will be voided in advance of payment in addition to all future Economic
Development Incentive payments being voided at the sole discretion of the WEDC. The Company
will not be eligible to receive an Economic Development Incentive payment if documentation
supporting Performance Requirements are not received by WEDC prior to the Eligibility
Expiration Date. Company will be notified in writing in the event a Performance Requirement is
not met and have thirty(30) days to cure said default.
V. Economic Assistance Termination. The Agreement may be terminated by mutual agreement of
the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth
in Section II above. Regardless of the Company's level of attainment of the Performance
Requirements set forth in Section II above, the WEDC's obligation to pay the Reimbursement
Incentive will expire in full on December 31, 2017.
VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a
condition to any advance in the Agreement, WEDC requests that the Company satisfies its need
for all construction contractors from Wylie residents and purchase all materials, supplies and
services necessary to affect the Project and subsequent occupancy of the Facility from Wylie
merchants and businesses.
VII. Community Involvement. Although not an event of default or condition of any advance
hereunder, the Company agrees to actively participate in community and charitable organizations
and/or activities,the purpose of which are to improve the quality of life in the City of Wylie,Texas,
and to actively encourage its employees to be involved in such organizations and/or activities.
VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary
Company's records, documents, agreements and other instruments in furtherance of the following
purposes: (i)to ensure the Company's compliance with the affirmative covenants set forth in this
Agreement; (ii) to determine the existence of an Event of Default under the terms of this
Agreement; (iii) to ensure compliance with any other terms and conditions set forth herein or any
related documents. Company will provide reports certifying the status of compliance, jobs
retained, new investments and any other relevant information until the termination of this
Agreement
IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC
shall have no obligation to disburse WEDC Economic Development Incentives if the Company
becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged bankrupt,
or is delinquent on any property tax payments or an Event of Default under the terms of this
Agreement occurs.
X. 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
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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: Patrick Payton
108 S. Jackson Ave. Ste. 201
Wylie, Texas 75098
By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the
party indicated, that such party has taken all action necessary to authorize the execution and delivery of
the Agreement and that the same is a binding obligation on such party.
EXECUTED the 17th day of May, 2017.
WEDC:
Wylie Economic Development Corporation
By:
Sam Satterwhite, Executive Director
COMPANY:
Patrick Payton
By:
Patrick Payton, Owner
Page 4 of 4
W:\Board\2017\05-17-17\Metalbilia-Performance Agreement.docx
Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive I)ircctor
SUBJECT: KREA Performance Agreement—Second Amendment
DATE: May 12, 2017
Issue
Consider an act upon a Second Amendment to Performance Agreement between KREA
Acquisitions, LLC and Wylie Economic Development Corporation.
Analysis
On July 29, 2015, the WEDC entered into a Performance Agreement with KREA Acquisitions to
provide assistance with the development of Qualified Infrastructure in the amount of$600,000. On
January 20, 2017, the WEDC approved an extension requiring a Certificate of Occupancy (CO) for
the project from March 31, 2017 to May 31, 2017. Due to continuing delays, KREA has indicated
that a CO will not be issued sooner than September 30, 2017. Further, the Board amended the Start
Date to 4 months from CO from the original 6-month time period. The Start Date is defined as the
date upon which the WEDC will provide incentive payments equal to Occupancy Tax generated
from the project.
Based upon continual delays, the project has changed to a certain extent in terms of the cost/benefit.
The `loss' to the community are those Occupancy Taxes that would have been generated had the
project been completed originally in March and then amended to May. Further, while the property
has been assessed at 3.1 mm, it was the WEDC's original understanding from the CCCAD that
hotels were valued on an Income Basis. Therefore, this value may well be contested with the
property not in production.
While staff firmly believes that every project is evaluated on its own merits, there have been
previous incentive programs that have been negatively impacted based upon multiple Defaults. For
example, the Direct Development (Target) project was reduced from $12 mm in cumulative
incentives to $6 mm based upon several events of default.
Staff is proposing the attached Second Amendment to Performance Agreement which details a
recommended response to multiple events of default by KREA as follows: (a) reduction in potential
cumulative incentives from $600,000 to $450,000, (b) Start Date begins upon issuance of CO, and
(c) should a CO not be issued by November 30, 2017, the WEDC obligation to pay any portion of
the Reimbursement Incentive is terminated.
WEDC -- KREA
May 12,2017
Page 2:of 2
Recommendation
Staff Recommends that the WEDC Board of Directors approve a Second Amendment to
Performance Agreement extending the date by which KREA Acquisitions, LLC must complete
improvements associated with the a La Quinta Inn & Suites to November 30, 2017, amending the
Start Date to the Date upon which the City issues a CO, and terminating WEDC's obligation to fund
Reimbursement Incentives should KREA be in default of Section 2 of the Agreement and
subsequent First Amendment to the Agreement. agreement.
Attachments
Second Amendment to Performance Agreement.
Performance Agreement
First Amendment to Performance Agreement
SECOND AMENDMENT TO PERFORMANCE AGREEMENT
THIS SECOND AMENDMENT TO PERFORMANCE AGREEMENT (this "Second
Amendment"), is entered into and is effective as of the 17th day of May 2017 by and between WYLIE
ECONOMIC DEVELOPMENT CORPORATION, a Texas economic development corporation
("WEDC"),and KREA Acquisition, LLC, a Texas limited liability company("Company").
WITNESSETH:
WHEREAS, WEDC Board of Directors approved that certain Performance Agreement between
WEDC and Company on July 29, 2015 to facilitate the development of a hotel located in Wylie
containing approximately 44,000 square feet and not less than 75 hotel rooms(the"Project"); and
WHEREAS, WEDC Board of Directors approved that certain First Amendment to Performance
Agreement between WEDC and Company on January 20, 2017 to accommodate Company in its efforts to
complete the Project; and
WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain
respects, as more particularly set forth in this Second Amendment.
NOW, THEREFORE, in an effort to address continuing unforeseen circumstances surrounding
the completion of Improvements associated with a La Quinta Inn & Suites located in Wylie, Texas as
required for the development of the Project,the WEDC and Company covenant and agree as follows:
1. Defined Terms. Capitalized terms used but not defined in this Second Amendment will
have the meanings given to them in the Agreement.
2. Modification to Performance Obligations. Notwithstanding anything to the contrary in
the Agreement and the First Amendment to the Agreement, the date by which the Company must
complete Improvements associated with a La Quinta Inn & Suites located in Wylie, Texas as defined in
Section 2(b)is hereby extended until 5:00 p.m., Central Time, on November 30,2017.
3. Modification to Start Date. Notwithstanding anything to the contrary in the Agreement
and the First Amendment to the Agreement, the Start Date as defined in Section 1 (b) shall be the date
upon which a Certificate of Occupancy is issued by the City which shall be issued not later than
November 30, 2017.
4. Economic Assistance. Notwithstanding anything to the contrary in the Agreement, the
total Reimbursement Incentives to be paid to the Company as defined in Section 1 (a), including the
Initial Incentive, shall not exceed the cumulative sum of$450,000.
5. Default; Opportunity to Cure. Notwithstanding anything to the contrary in the
Agreement as defined in Section 5, the WEDC's obligation to pay any portion of the Reimbursement
Incentive to Company will TERMINATE if Company defaults by not completing the Performance
Criteria as set forth is Section 2 of the Agreement and subsequent First Amendment to the Agreement.
6. Ratification. As expressly modified by this Second Amendment,the Agreement and First
Amendment to the Agreement are hereby ratified and confirmed by WEDC and Company.
7. Counterparts; Transmission. This Second Amendment may be executed in multiple
counterparts, each of which shall be deemed an original, and all of which shall constitute one and the
same agreement. Transmission of an executed signature page of this Second Amendment by email will
be effective to create a binding agreement.
[Signatures appear on next page]
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment the day and
year first above written,
WE DC:
Wylie Economic Development
Corporation, a Texas Corporation
By:
Name:
Title:
COMPANY:
KREA Acquisition LLC.,a Texas
Limited Liability Company
By:
Name:
Title:
PERFORMANCE AGREEMENT
Between
Wylie Economic Development Corporation
And
KREA Acquisition LLC, a Texas limited liability company
This Performance Agreement (the "Agreement") is made and entered into by and
between the Wylie Economic Development Corporation ("WEDC"), a Texas corporation
organized and existing under Chapter 501 of the Texas Local Government Code, known as the
Development Corporation Act, as amended from time to time (the "Act") and KREA
Acquisition LLC, a Texas limited liability company("Company").
RECITALS
WHEREAS, Company proposed to acquire title to that certain tract of property located
within the corporate limits of the City of Wylie, Texas (the "City"), consisting of approximately
2.08 acres, located in Wylie, Texas, as more fully described in the attached Exhibit A (the
"Property");
WHEREAS, the Company plans to construct a La Quinta Inn & Suites Urban Design 2.0
hotel on the Property that will have four (4) stories, contain approximately 44,000 square feet
with not less than 75 hotel rooms(the"Improvements");
WHEREAS, Company has requested financial and/or economic assistance from the
WEDC to plan and construct certain infrastructure improvements to assist in the development of
the Property, consisting of economic assistance for all hard and soft costs for the construction of
public and site improvements on or adjacent to the Property including, but not limited to,
geotechnical, engineering and inspection costs related to the project as described and estimated
in Exhibit B (the "Project");
WHEREAS, Section 501.103 of the Act states that the WEDC may provide funding for
expenditures that are found by the Board of Directors to be required or suitable for infrastructure
necessary to promote or develop new or expanded business enterprises, limited to streets and
roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site
improvements, and related improvements (the"Qualified Infrastructure"); and
WHEREAS, Company proposes to use the economic incentives for the construction of
the Qualified Infrastructure which will include approved public infrastructure improvements and
site improvements as may be amended from time to time, necessary for the.development of the
Property and which will benefit the surrounding properties, as generally described in the attached
Exhibit B; and
WHEREAS, the WEDC has found that the Qualified Infrastructure is necessary to
promote or develop new or expanded business enterprises in the City and the WEDC has
concluded that the Qualified Infrastructure constitutes a "project", as that term is defined in the
Act, and is willing to provide Company with economic assistance as hereinafter set forth on the
#672116v2 1
terms and subject to the conditions as stated herein and Company is willing to accept the same
subject to all terms and conditions contained in this Agreement; and
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 industrial and business
properties within the City; and
WHEREAS, the WEDC is willing to provide the Company with economic assistance
hereinafter set forth on the terms and subject to the conditions as stated herein and Company is
willing to accept the same subject to all terms and conditions contained in this Agreement.
NOW, THEREFORE, for and in consideration of the above recitals and the terms,
conditions and requirements hereinafter set forth,the parties hereto agree as follows:
1. Economic Assistance. Subject to the terms of this Agreement and provided
Company is not in default, the WEDC will provide Company economic assistance in the form of
quarterly performance reimbursement incentives ("Reimbursement Incentives").
The WEDC will provide the following Reimbursement Incentives:
a. The WEDC shall provide an economic incentive to the Company equal to
the sum of$100,000, upon the issuance of a permanent Certificate of Occupancy for the
Improvements (the "Initial Incentive"). The WEDC shall provide additional economic
incentives to the Company in an amount equal to the Local Hotel Occupancy Taxes
("Hotel Taxes") paid by the Company and received by the City generated from the
Property for the period beginning on the Start Date (as defined below in Paragraph b) and
ending on the day prior to the seven (7) year anniversary of the Start Date. The total
Reimbursement Incentives to be paid to the Company, including the Initial Incentive,
shall not exceed the cumulative sum of$600,000.
b. The "Start Date", as used herein, shall be the date that is six (6) months
after the City issues a final Certificate of Occupancy for the Improvements being
constructed on the Property. The Certificate of Occupancy shall be issued not later than
March 31, 2017;
c. The payment of the Reimbursement Incentives shall take place on a
quarterly basis and shall be supported by a report provided by the City or other statement
in a form reasonably acceptable by the WEDC verifying the collection and the amount of
the Hotel Taxes received by the City relative to the Project.
2. Performance Obligations. The WEDC's obligation to pay Company the
Reimbursement Incentives stipulated above is expressly contingent upon Company completing
the following items(the "Performance Criteria")by the due dates set forth below:
a. The Company acquiring the Property by no later than September 1, 2015;
and
#672116v2 2
b. The Improvements for a La Quinta Inn & Suites shall be completed (as
evidenced by permanent Certificates of Occupancy) no later than March 31, 2017. The
Company may not change the franchisor of the hotel from La Quinta Inn & Suites unless
approved in writing by the WEDC;
c. Company, at its cost, shall have completed the Qualified Infrastructure by
the Start Date with a minimum cost of Six Hundred Thousand Dollars ($600,000.00).
In the event Company fails to meet the Performance Obligations in this Section 2, none of the
Reimbursement Incentives shall be paid to the Company and this Agreement shall terminate.
3. Transfer of Property. The WEDC acknowledges and agrees that in connection
with the development of the Project and Improvements, certain portions of the Property may be
sold to third parties. Notwithstanding the foregoing, no third party purchaser of any portion of
the Property shall be deemed an assignee or successor under this Agreement (unless this
Agreement is specifically assigned to such third party by Company), nor shall any such third
party have the right to receive the Reimbursement Incentives unless such Reimbursement
Incentives are assigned in writing by the Company to such third party, and approved by WEDC
in writing prior to such assignment. The WEDC further acknowledges and agrees that whether or
not Company owns all of the Property, the Reimbursement Incentives payable to Company shall
be calculated based on the Hotel Taxes received by the City from the Property.
4. WEDC Payment of Reimbursement Incentives.
a. Subject to the terms and conditions of this Agreement, except for the
Initial Incentive,which shall be paid by WEDC to the Company within thirty(30) days of
the issuance of the Certificate of Occupancy for the Improvements, the WEDC will pay
the Reimbursement Incentives to Company on a quarterly basis as set forth in paragraph
4(b) below, beginning on the earlier of the month of March, June, September, and
December following the date Company meets the qualifications set forth in Paragraph 2
above and continuing each quarter thereafter on the months set forth above, provided
Company each quarter meets the qualifications set forth in Paragraph 2 above until the
Company fails to meet any future requirements, the Term ends or this Agreement is
earlier terminated.
b. The parties agree that the dollar amount of Hotel Taxes eligible for the
Reimbursement Incentives payable to Company will be derived from hotel tax
information furnished by the City each quarter. The WEDC shall pay Company a portion
of the Reimbursement Incentive each quarter of the calendar year equal to the Hotel
Taxes received by the City from the Property during the previous quarter, within forty-
five (45) days of receipt of the City's share of the Hotel Taxes revenue from the
Company for the Property. Company agrees to allow the WEDC to obtain hotel tax
information collected from the hotel on the Property.
c. In the event the State of Texas determines that the City erroneously
received hotel tax receipts, or that the amount of Hotel Taxes paid the City exceeds the
correct amount of the Hotel Taxes for a previous taxable year for which Company has
received any Reimbursement Incentives payment, Company shall reimburse such
#672116v2 3
overpayment to the WEDC within thirty(30) days following such determination for such
incorrect amount accordingly.
d. In the event additional Hotel Taxes are due and owing by such occupant,
as determined by or as approved by the City for a previous tax year and such additional
taxes are paid and received by the City, then the Reimbursement Incentives for the
succeeding tax year shall be adjusted upward to reflect such additional taxes payable by
the Company.
e. In the event of any legislative or judicial interpretation that limits or
restricts the WEDC's ability to rebate the Reimbursement Incentives provided or
otherwise extracts, imposes any penalty, or other restriction, the WEDC and Company
will agree to work together in good faith to provide the Company with a reasonably
equivalent value,to the extent permitted by law, and to otherwise accomplish the purpose
of this Agreement.
5. Default; Opportunity to Cure. The WEDC's obligation to pay any portion of
the Reimbursement Incentives to Company will terminate or be reduced if Company defaults by
not completing the Performance Criteria as set forth in Section 2 of this Agreement. With the
exception of the Performance Obligations in Section 2, a default as provided herein will only
occur if a defaulting party fails to cure a failure to comply with the terms of this Agreement
within thirty (30) days after written notice from the non-defaulting party describing such failure,
or if such failure cannot be cured within such thirty (30) days, if the defaulting party fails to
commence such cure within such thirty (30) day period and fails to continuously thereafter
diligently pursue such cure. In the event Company fails to comply with the terms of this
Agreement, except as otherwise provided herein, the WEDC shall have the right to terminate this
Agreement. In any legal proceeding brought to enforce the terms of this Agreement, the
prevailing party to any dispute arising out of the enforcement of this Agreement shall be entitled
to recover the losing party reasonable attorney's fees, expenses and permitted by Section
271.159 of the Texas Local Governmental Code.
6. Termination of Agreement. This Agreement may be terminated by mutual
written consent of the parties or by either party, upon the failure of the other party to fulfill an
obligation as set forth in this Agreement, subject to the rights of the parties to cure any failure as
set forth in Section 5 above.
7. Mortgage Protection. This Agreement shall not prevent or limit Company (or
any third party owner of any portion of the Property), in any manner, at Company's sole
discretion, from encumbering the Property or any portion thereof or any improvement thereon by
any mortgage, deed of trust or other security device. Any Mortgagee shall also be entitled to the
following rights and privileges:
a. Neither entering into this Agreement nor breach of this Agreement shall
defeat, render invalid, diminish or impair the lien of any mortgage, deed of trust or other
security device made in good faith and for value, unless otherwise required by law.
b. Any Mortgagee who comes into possession of the Property, or any part
thereof, pursuant to foreclosure of the mortgage or deed of trust, or deed in lieu of such
#672116v2 4
foreclosure, shall take the Land and any improvements constructed thereon, or part
thereof, subject to the terms of this Agreement. Notwithstanding any other provision of
this Agreement to the contrary, no Mortgagee shall have any obligation or duty under this
Agreement to perform any of Company's obligations or other affirmative covenants of
Company hereunder, or to guarantee such performance; provided, however, that to the
extent that any covenant to be performed by Company is a condition precedent to the
performance of a covenant by the WEDC, the performance thereof shall continue to be a
condition precedent to the WEDC's performance hereunder.
8. Economic Assistance Termination. Notwithstanding the terms of this
Agreement, the WEDC's obligation to pay a portion or all of the Reimbursement Incentive to
Company will expire upon the earlier of(i) the full payment of the Reimbursement Incentives, or
(ii) seven(7) years from the Start Date.
9. Miscellaneous.
a. This Agreement shall be construed according to the laws of the State of
Texas and is subject to all provisions of the Act, which are incorporated herein by
reference for all purposes. In the event any provision of the Agreement is in conflict with
the Act,the Act shall prevail.
b. This Agreement shall be governed by the laws of the State of Texas and is
specifically performable in Collin County, Texas.
c. This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their permitted successors and assigns. This Agreement shall not be
assignable by Company without the prior written consent of the WEDC, which consent
may not be unreasonably withheld or delayed.
d. Any notice required or permitted to be given under this Agreement shall
be deemed delivered by hand delivery or depositing the same in the United States mail,
certified with return receipt requested, postage prepaid, addressed to the appropriate party
at the following addresses, or at such other address as any party hereto might specify in
writing:
WEDC: Mr. Samuel D. R. Satterwhite
Executive Director
Wylie Economic Development Corporation
250 South Highway 78
Wylie, TX 75098
With copy to: Abernathy, Roeder, Boyd and Joplin, P.C.
1700 Redbud Blvd., Suite 300
McKinney, Texas 75069
Attention: Mr. G. Randal Hullett
COMPANY: KREA Acquisition LLC
#672116v2 5
Kash Parbhu, Manager
221 Tanner Creek Circle
Sunnyvale, Texas 75182
e. This Agreement contains the entire agreement of the parties regarding the
within subject matter and may only be amended or revoked by the written agreement
executed by all of the parties hereto.
f. Notwithstanding the foregoing, Company shall have such additional time
to complete any obligations hereunder, including without limitation those set forth in
Section 2, as may be required in the event of "force majeure" so long as Company is
diligently and faithfully pursuing completion of the facility. For purposes of this
Agreement, "force majeure" shall mean any contingency or cause beyond the reasonable
control of Company including, without limitation, acts of God, acts of the public enemy,
hostile action, war, riot, civil commotion, insurrection, governmental or de facto
governmental actions (unless caused by acts or omissions of Company) or restrictions,
fires, explosions, or other casualty, condemnation proceedings, any strike(s), walkout(s),
or labor dispute(s), the ability (other than financial ability) to obtain labor or materials or
reasonable substitutes therefore, floods, strikes, and action of the elements including,
without limitation, inappropriate temperature conditions, rainfall or other interfering
precipitation or weather conditions.
g. This Agreement may be executed in a number of identical counterparts,
each of which shall be deemed an original for all purposes.
h. In case any one or more of the provisions contained in this Agreement
shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provision thereof, and
this Agreement shall be construed as if such invalid, illegal or unenforceable provision
had never been contained herein.
i. Each signatory represents this Agreement has been read by the party for
which this Agreement is executed and that such party has had an opportunity to confer
with its counsel.
j. Time is of the essence in this Agreement.
k. The parties agree this Agreement has been drafted jointly by the parties
and their legal representatives.
By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf
of the party indicated, that such party has taken all action necessary to authorize the execution
and delivery of the Agreement and that the same is a binding obligation on such party.
#672116v2 6
.00„ ill
WEDC Board approved this day of , 2015, the
Effective Date.
WEDC:
WYLIE ECONOMIC DEVELOPMENT
CORPORATION, a Texas Corporation
By:
Marvin Fuller,President
#1$72 1 t 160 7
COMPANY:
KREA ACQUISITION LLC,a Texas
limited liability company
By: —r
Kas Tarbhu, Manager
Exhibits:
Exhibit A - Legal Description of the Property
Exhibit B - Project Description
N672116v2 8
EXHIBIT A
#672116v2 9
EXHIBIT B
FIRST AMENDMENT TO PERFORMANCE AGREEMENT
THIS FIRST AMENDMENT TO PERFORMANCE AGREEMENT(this "First Amendment"),is
entered into and is effective as of the 20th day of January, 2017 by and between WYLIE ECONOMIC
DEVELOPMENT CORPORATION, a Texas economic development corporation("WEDC"), and KREA
Acquisition, LLC,a Texas limited liability company("Company").
WITNESSETH:
WHEREAS, WEDC Board of Directors approved that certain Performance Agreement between
WEDC and Company on July 29, 2015 to facilitate the development of a hotel located in Wylie
containing approximately 44,000 square feet and not less than 75 hotel rooms(the"Project"); and
WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain
respects,as more particularly set forth in this First Amendment.
NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the
completion of Improvements associated with a La Quinta Inn & Suites located in Wylie, Texas as
required for the development of the Project,the WEDC and Company covenant and agree as follows:
1. Defined Terms. Capitalized terms used but not defined in this First Amendment will
have the meanings given to them in the Agreement.
2. Modification to Performance Obligations. Notwithstanding anything to the contrary in
the Agreement, the date by which the Company must complete Improvements associated with a La
Quinta Inn& Suites located in Wylie,Texas as defined in Section 2(b)is hereby extended until 5:00 p.m.,
Central Time, on May 31,2017.
3. Modification to Start Date. The Start Date as defined in Section 1 (b) shall be the date
that is four(4) months after the City issues a final Certificate of Occupancy for the Improvements being
constructed on the Property. The Certificate of Occupancy shall be issued not later than May 31,2017.
4. Ratification. As expressly modified by this First Amendment, the Agreement is hereby
l lc
ratified and confirmed by WEDC and Company.
5. Counterparts; Transmission. This First Amendment may be executed in multiple
counterparts, each of which shall be deemed an original, and all of which shall constitute one and the
same agreement. Transmission of an executed signature page of this First Amendment by email will be
effective to create a binding agreement.
[Signatures appear on next page]
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment the day and
year first above written.
WEDC:
Wylie Economic Development
Corporation,a Texas Corporation
:.
COMPANY:
KREA Acquisition LLC.,a Texas
"t Liablity Compaflyµ0
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Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: CFA Purchase and Sale Agreement
DATE: May 12, 2017
Issue
Consider and act upon issues surrounding a Purchase and Sale Agreement between the WEDC and
Chick-Fil-A, Inc. (CFA).
Analysis
With the Purchase and Sale Agreement(PSA),the WEDC committed to"assist CFA to attempt to
cause the City to apply all or a portion of the Lane Contribution as a credit against the
Development Fees". The Lane Contribution is a previously negotiated amount ($41,000) which
CFA is to pay the WEDC at closing, compensating the WEDC for a portion of the deceleration
lane improvements being constructed by the WEDC. The Development Fees are equal to $88,108
and must be paid to the City prior to the issuance of a building permit.
The original thought was that the City could provide a credit against Thoroughfare Impact Fees
for roadway improvements being funded by CFA. However, costs attributed to deceleration lanes
do not qualify for credits under a Development Agreement process the City uses to provide benefits
to developers who make improvements to roadways specifically identified within the City
Thoroughfare Improvement Plan.
An option for the City now is to enter into a Chapter 380 Agreement with CFA to provide the
$41,000 benefit as contemplated within the PSA. Staff however believes that it would be more
expeditious for the WEDC to forgo the collection of the Lane Contribution from CFA thus
reducing the burden on the City. Staff recalls that the Lane Contribution `credit' was an 1 1th hour
request from CFA prior to executing the PSA with the WEDC and City agreeing. In staffs
opinion, the outcome is the same with the WEDC bearing a greater responsibility for economic
development issues, as is typically the case.
Recommendation
Staff recommends that the WEDC Board of Directors authorize the Executive Director to notify
the Title Company that CFA is not required to pay the Lane Contribution called for within the
PSA.
Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: WEDC Pad Sites
DATE: May 12, 2017
Issue
Consider and act upon issues surrounding the marketing of WEDC pad sites.
Analysis
Staff would like to hold an open discussion on the merits of engaging a real estate brokerage firm
to market WEDC pad sites on Highway 78 and F.M. 544. With the pending sale of a 1.5 acre pad
next to Starbucks to CFA on or about June 19th and the availability of approximately 3 acres for
pad development on F.M. 544 property owned by the City and WEDC, the need for professional
assistance at least warrants a discussion.
All things being equal,the WEDC will be paying a 6%fee regardless whether its 3%to our broker
and 3% to the buyers' broker, or whether it is the entire 6% to the buyers broker if we represent
ourselves. Even though we have the Retail Coach seeking out users in addition to staffs efforts,
a broker would add that much more activity to our site.
Recommendation
Staff has no recommendation at this time.
Wylie Economic Development Corporation
MEMORANDUM
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Staff Report
DATE: May 12, 2017
Issue
Staff report: review issues surrounding WEDC Performance Agreement Summary, Woodbridge
Crossing, Environmental Activity Summary, ICSC 2017, WEDC Pad Sites, 100 Oak Street, 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, All State Fire Equipment, B&B Theatres Operating Company, Clark
Street Development, Exco Extrusion Dies, Getset, KREA Acquisition, McClure Partners, Patna
Properties, REVA Hospitality, Ronald P. and Carole A. Trout, T.W. Snider, Von Runnen
Holdings, Wedge Corporation, and Woodbridge Crossing.
Woodbridge Crossing
Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales
taxes received through April 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.
$4,220,749.17 in reimbursement has been earned through April 2017 with net receipts of
$3,458,469.08 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
WEDC- Staff Report
May 12, 2017
Page 2 of 2
Reimbursement Report, $101,276.35 was generated in sales tax in February 2017 versus
$84,001.87 in February 2016. This represents 20.56% increase over 2016 receipts.
Attached for your review is a site plan and elevation for McCalister's Deli adjacent and to the east
of Cotton Patch. McCalister's will occupy approximately 4,000 square feet of a 5,979-square foot
center. As the Board will recall, Inventrust first spoke of their interest in attracting McCalister's
at ICSC 2016 based upon the momentum of commercial development in Wylie and the pending
College project.
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.
ICSC 2017
WEDC and City representatives will be attending the International Council of Shopping Centers
Conference in Las Vegas May 20—24, 2017.
100 Oak Street
The WEDC is under contract to purchase a lot near the corner of Oak and Jackson which will
compliment both the adjacent City-owned parking lot and WEDC property between Oak and
Marble. Staff has presented the Sellers with the request to remove the improvements prior to
closing and is awaiting an executed contract amendment.
Regional Housing Starts
Seventy homes were permitted in Wylie for the month of April 2017. Sachse, Lavon, Murphy
permitted a combined seventeen with Inspiration permitting twenty-nine over the same period.
No action is requested by staff for this item.
Attachments
Performance Agreement Summary
McCalister's Site plan and elevation
W&M Activity Report
Regional Housing Permits
Outstanding Performance Agreement Summary
Company Performance Obligations Expiration Incentive Comment/Notes
ACG Texas LP(IHOP) A. CO on 4,525 sf commercial building at a cost of
$1,100,000; receipts for$35,000 on Qualified
Infrastructure. 12/31/2017 $35,000
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 2/1/2017 $20,000
C. Valuation of$900,000 2/1/2018 $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
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
Exco Extrusion Dies(Texas), Inc. A. CO on 30,000 sf building 2/24/2016 $87,000 Paid
Outstanding Performance Agreement Summary
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
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 Paid
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 5/31/2017 $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) 9/30/18 total incentive
McClure Partners Devel.Co., LLC A. Purchase of Williford Tracts by 10/1/16;
Complete demolition of all improvements,
foundations& paving by 12/31/16. Removal of
all debris,vehicles, inventory by 12/31/16. 12/31/2016 $25,000 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. Amended
to 12/31/17. 12/31/2017! $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
Outstanding Performance Agreement Summary
B. Appraised Value of$707,000 10/1/2017 $10,000
REVA Hospitality
A. CO for a 4-story, 60,000 sf, 98 room hotel;
documentation of a $9.2 mm in construction costs. 12/31/2017 $100,000
B. Quarterly incentive payment equal to
Occupancy Tax paid to City of Wylie (start date 6
months from CO and ending 6 years from 1st Not to exceed $450,000
payment) 6/30/24 total incentive
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 Paid
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
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; 1/31/2014 $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
Outstanding Performance Agreement Summary
No further performance requirements. Default
declared reducing maximum incentive from $12 Reimbursement
mm to $6 mm. 2021i spreadsheet attached
Woodbridge Crossing
Sales Tax Reimbursement Report
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99
Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01
Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81
Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81
Jan-10 Mar-10 16,017.96 8,008.98 8,008.98 32,035.92 0.85 6,807.63 13,615.27 20,422.90
Feb-10 Apr-10 18,392.59 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55
Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13
Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58
Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19
May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01
Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87
Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07
Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31
Aug-10 Oct-10 20,401.73 10,200.87 10,200.87 40,803.46 0.85 8,670.74 17,341.47 26,012.21
Sep-10 Nov-10 22,301.22 11,150.61 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05
Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57
Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24
Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23
Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87
Audit Adjust.
Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78
Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12
Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54
Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90
Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44
Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88
Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 2
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62
Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87278.22 0.85 18,546.62 37,093.24 55,639.87
Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51
Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95
Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69
Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21
Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85
Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 0.85 13,473.21 26,946.42 40,419.64
Nov-11 Jan-12 40,631.94 20,315.97 20,315.97 81,263.88 0.85 17,268.57 34,537.15 51,805.72
Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04
Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40
Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12
Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05
Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53,822.53
Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70
Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85
May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00
Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44
Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29
Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53
Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39
Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22
Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14
Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91
Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47
Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96
Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35
Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 3
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96
Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72
Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27
Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73
May-13 Jul-13 35,623.93 17,811.97 17,811.97 71,247.86 0.85 15,140.17 30,280.34 45,420.51
Jun-13 Aug-13 44,805.27 22,402.63 22,402.63 89,610.53 0.85 19,042.24 38,084.48 57,126.71
Sub-Total 224,759.15 47,761.32 95,522.64 143,283.96
Jul-13 Sep-13 30,171.94 15,085.97 15,085.97 60,343.87 0.85 12,823.07 25,646.14 38,469.22
Aug-13 Oct-13 31,615.59 15,807.80 15,807.80 63,231.18 0.85 13,436.63 26,873.25 40,309.88
Sep-13 Nov-13 34,215.75 17,107.88 17,107.88 68,431.50 0.85 14,541.69 29,083.39 43,625.08
Sub-Total 192,006.55 40,801.39 81,602.78 122,404.18
Oct-13 Dec-13 30,192.68 15,096.34 15,096.34 60,385.36 0.65 9,812.62 19,625.24 29,437.86
Nov-13 Jan-14 40,059.94 20,029.97 20,029.97 80,119.87 0.65 13,019.48 26,038.96 39,058.44
Dec-13 Feb-14 60,106.82 30,053.41 30,053.41 120,213.63 0.65 19,534.71 39,069.43 58,604.14
Sub-Total 260,718.86 42,366.81 84,733.63 127,100.44
Jan-14 Mar-14 34,887.18 17,443.59 17,443.59 69,774.35 0.65 11,338.33 22,676.66 34,015.00
Feb-14 Apr-14 39,550.17 19,775.09 19,775.09 79,100.34 0.65 12,853.81 25,707.61 38,561.42
Mar-14 *May-14 50,095.00 25,047.50 25,047.50 100,190.00 0.65 16,280.88 32,561.75 48,842.63
Sub-Total 249,064.69 40,473.01 80,946.02 121,419.04
Apr-14 Jun-14 42,836.52 21,418.26 21,418.26 85,673.03 0.65 13,921.87 27,843.73 41,765.60
May-14 Jul-14 44,483.44 22,241.72 22,241.72 88,966.88 0.65 14,457.12 28,914.24 43,371.35
Jun-14 Aug-14 54,191.06 27,095.53 27,095.53 108,382.12 0.65 17,612.09 35,224.19 52,836.28
Sub-Total 283,022.03 45,991.08 91,982.16 137,973.24
Jul-14 Sep-14 41,601.13 20,800.56 20,800.56 83,202.25 0.65 13,520.37 27,040.73 40,561.10
Aug-14 Oct-14 46,838.76 23,419.38 23,419.38 93,677.52 0.65 15,222.60 30,445.19 45,667.79
Sep-14 Nov-14 58,574.10 29,287.05 29,287.05 117,148.19 0.65 19,036.58 38,073.16 57,109.74
Sub-Total 294,027.96 47,779.54 95,559.09 143,338.63
Oct-14 Dec-14 46,397.97 23,198.98 23,198.98 92,795.93 0.65 15,079.34 30,158.68 45,238.02
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 4
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Nov-14 Jan-15 62,438.87 31,219.43 31,219.43 124,877.73 0.65 20,292.63 40,585.26 60,877.89
Dec-14 Feb-15 93,019.09 46,509.54 46,509.54 186,038.17 0.65 30,231.20 60,462.41 90,693.61
Sub-Total 403,711.83 65,603.17 131,206.34 196,809.52
Jan-15 Mar-15 42,919.35 21,459.67 21,459.67 85,838.69 0.65 13,948.79 27,897.57 3 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 92,409.12 46,204.56 46,204.56 184,818.23 0.65 30,032.96 60,065.92 90,098.89
432,171.32 70,227.84 140,455.68 210,683.52
Jan-17 Mar-17 50,495.21 25,247.60 25,247.60 100,990.41 0.65 16,410.94 32,821.88 49,232.82
Feb-17 Apr-17 50,638.18 25,319.09 25,319.09 101,276.35 0.65 16,457.41 32,914.81 49,372.22
Mar-17 May-17 0.00 0.00 0.00 0.00 0.65 0.00 0.00 0.00
202,266.76 32,868.35 65,736.70 98,605.05
Totals 7,679,218.25 1,406,916.39 2,813,832.78 4,220,749.17
CSD Woodbridge Centre
Sales Tax Reimbursement Report
Filing Allocation City 4B WEDC WEDC
Period Period 1.00% 0.50% 0.50% Total Reimbursement
Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17
Sub-Total 1,000.66 250.17
Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16
Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57
Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42
Sub-Total 5,804.55 1,451.14
May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35
Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09
Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14
Sub-Total 58,050.29 14,512.57
Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59
Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32
Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46
Sub-Total 73,721.47 18,430.37
Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58
Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01
Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11
Sub-Total $77,994.78 $19,498.70
Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46
Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37
Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20
Sub-Total $84,524.13 $21,131.03
May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50
Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16
Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29
Sub-Total $88,251.77 $22,062.94
Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74
Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06
Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91
Sub-Total $106,210.84 $26,552.71
Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,493.45 3,123.36
Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154.97 $19,288.74
CSD Woodbridge Centre
Sales Tax Reimbursement Report
Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74
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 39,832.46 19,916.23 19,916.23 $79,664.92 $19,916.23
Jan-17 Mar-17 5,210.39 2,605.20 2,605.20 $10,420.78 $2,605.20
Sub-Total $101,154.81 $25,288.70
Feb-17 Apr-17 5,350.85 2,675.42 2,675.42 $10,701.69 2,675.42
Mar-17 May-17 0.00 0.00 0.00 $0.00 $0.00
Apr-17 Jun-17 0.00 0.00 0.00 $0.00 $0.00
Sub-Total $10,701.69 $2,675.42
Total $1,010,013.87 $252,503.47
SUMMARY TABLE ..
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ENGINEER ARCHITECT
OWNER Sheet
CO20.?[.
NORTH ELEVATION MATERIAL CALCULATIONS
ITEM AREA(SF) %OFTOTAL I MATERIALTYPE AREA(SF) %(OF NET)
TOTAL FACADE 1984 EIFS 1241 84%
DOORS AND WINDOWS 501 25% STONE 199 13%
NET FACADE 1483 PRODEMA 0 0%
CFB 5 <1%
METAL ACCENT 38 I 3%
EIFS
SW ALABASTER TENANT SIGNAGE
EIFS EIFS EIFS EIFS EIFS
SW SMOKEHOUSE TENANT SIGNAGE SW COLONY BUFF SW ALABASTER SW SPICY HUE SW ALABASTER
3
CORONADO---------7 :-- ---------4.22-4-1-;; ; - -------------:.-- -.22,2222---2-- 2 222222;-22-2=2-'7122.222 - ---2 - A i ":__=:-,,--!L:-i-fii:,!:_.,,_lii:y.,=_-w_=---t--7:____:-7,_ _,o,__,___„_____.1=____----i-i,,:.,J:.:!-_,_:_-;i_!;,_i:,::E_::-:__._____ _---,__ J______:__:-,- _ ,______,_____,--\_,_-____,2
SPLIT STONE LINTEL STOREFRONT ACCENT LIGHT METAL BAND STOREFRONT WALL SCONCE
LOMPOC DARK BRONZE SHUTTERS DARK BRONZE DARK BRONZE METAL CANOPY
CORONADO STONE -- FABRIC AWNING McALISTER GREEN - STOREFRONT DARK BRONZE
COUNTRY RUBBLE DARK BRONZE
COASTAL BROWN
WNQQDBRIIlGECROSSING
WYLIETX
NORTI{ELEVATION-LSCALE,V4 1 0" _ 9 MAY 2on
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W M Environmental Program Tracking
Invoiced Date Descr.of Work Proj.Total
605 Commerce Project Total: 121,721.46
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
398.50i 8/31/15 Vehicle usage P-2; W&M Equipment
2,880.00 9/30/15 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
317.00 2/28/17 Labor: Frank Clark, Michael Henn,Jeremiah Roy
Total 13,256.54
_ s
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
2,827.50 2/28/17 Labor: Frank Clark,James Maxwell,Antonia Pacholczuk
290.00 3/31/17 Labor: Frank Clark,Antonia Pacholczxuk
385.25 3/31/17 Subcontractors: Postage and Delivery
Total 24,479.54
1 _
W M Environmental Program Tracking
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
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 9/30/161 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
172.50 2/28/17 Labor: Michael Whitehead
704.00 3/31/17 Labor: Joshua Hooper,James Maxwell,Trey Nelson
Total: 5,606.52
Soil Excavation
Contract: $20,000 93.00 1/31/17 Labor: Clay Snider
Labor: Michael Henn,Joshua Hopper,Trey Nelson, Clay Snider,
2,643.00 2/28/17 Michael Whitehead
1,972.25 2/28/17 Subcontractors: Laboratory ($1,167.25), Other($805)
18.02 2/28/17 Reimbursable Expenses: Misc.Supplies
Labor: Andrew Adams, Nicholas Foreman, Michael Henn,Trey
2,012.40 3/31/17 Nelson, Clay Snider, Michael Whitehead
15,568.98 3/31/17 Laboratory; Other Sub-contractors
Total 22,307.65
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
W M Environmental Program Tracking
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 II- 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
Phase I -Contract$2,400 2,400.00 10/17/16 Completed
2,400.00
Hwy 78-CFA VCP Project Total: 38,975.68
Contract$48,500 1,233.00 1/31/17 Labor: Frank Clark, Clay Snider, Michael Whitehead
Proj. Mtgs: Frank Clark. Michael Henn,James Maxwell,Trey Nelson,
1,134.25 2/28/17 Michael Whitehead
Subsurface Investigations: Frank Clark,Joshua Hopper,James
Maxwell,Trey Nelson,Jeremiah Roy, Clay Snider, Michael
5,060.00 2/28/17 Whitehead
9,184.48 2/28/17 Subcontractors: Laboratory($1,597.35), Drilling($7,587.13)
570.77 2/28/17 Supplies
575.50 2/28/17 Vehicles& Equipment
1,794.00 2/28/17 VCP Application: Frank Clark, Clay Snider
108.00 2/28/17 Drinking Water Survey: Jeremiah Roy
400.00 2/28/17 Affected Property Assessment Report- Frank Clark
155.00 3/31/17 Proj. Mgmt Labor: Clay Snider
1,856.00 3/31/17 Subsurface Investigation: Frank Clark,Joshua Hopper, Clay Snider
W M Environmental Program Tracking
4,893.25 3/31/17 Subsurface Investigation-Subcontractors: Laboratory, Drilling
65.98 3/31/17 Subsurface Investigation-Reimbursable Expenses: Misc Supplies
374.31 3/31/17 Subsurface investigation-Vehicles& Equipment
VCP Application: Michael Henn,James Maxwell,Trey Nelson,
718.75 3/31/17 Jeremiah Roy, Michael Whitehead
1,220.14 3/31/17 VCP Investigation: Supplies, permits, postage,shipping delivery
1,580.00 3/31/17 Drinking Water Survey: Jeremiah Roy, Clay Snider
Affected Property Assessment Report- Frank Clark,Joshua Hopper,
James Maxwell,Trey Nelson,Jeremiah Roy, Clay Snider, Holly
8,052.25 3/31/17 Stockton, Michael Whitehead
38,975.68
Spent Contracted
Total W&M Expenditures: 182,893.23 $197,500
Regional Housing Permits
Wylie Lavon
09 10 11 ' 12 13 14 15 16 17 09 10 - 11 12 13 14 15 16 17
January 13 28 20 16 18 14 46 9 15 'January 3 8 2 4 5 4 6 2 12
February 7 18 9 22 14 20 31 4 36 February 4 7 11 2 5 11 6 5 1
March 26 20 28 18 17 30 31 43 33 March 10 8 3 6 3 17 8 3 0
April 16 23 18 29 38 10 57 41 70 April 6 13 1 12 24 7 11 1 1
May 11 26 18 20 22 26 68 101 — May 7 8 1 0 9 17 4 4
June 36 24 19 13 11 9 57 58 June 12 12 9 2 5 12 5 1
JulyJuly
21 33 20 19 18 29 36 34 14 11 2 3 1 14 12 1
�,
g g 9 6 3 ... 1 5 0
August 22 24 16 20 19 19 30 25 Au:August
14 12
Septem 38 23 22 15 8 17 24 18 Septembe 1 0 6 7 6 2 7 0
October 15 17 16 28 30 21 32 26 October 3 14 4 2 1 9 5 0
November 21 13 5 14 18 20 33 11 November 13 5 5 3 2 1 2 0
December 31 15 10 16 23 65 38 39 December 2 1 7 1 4 5 6 0
TOTAL 257 264 201 230 236 280 483 409 154 TOTAL 89 99 60 48 68 100 77 17 14
Murphy Sachse
09 '; 10 11 12,i 13 14 15 16 17 09 , 10 11 12 13 14. 1 15 16 17
January 11111I 14 ' 4 is 26Emoso January !I 5 17 14 8 13 18 14 16 4
February I55,5 14 4 55 4 5 February 8 10 3 11 8 29 17 31 15
March 4 5 9 6 j 6 8 4III 4 March '1 11 11 9 12 1 13 24 31 23
April OE 8 10 555 8 5 April 1 12 11 8 4 13 17 12 24 15
May 555 14 55555 May 6 13 11 17 10 21 6 21
June 55 6 19 '5 6 5 4 5' June ! 17 11 8 17 14 16 38 25
July � � 16 �® 4 Elm July11 15 7 14 15 30 12 22
Auguste 6 '� 4 ME 16 mum August 12 14 5 19 10 29 41 32
September5,5 4 10 10 MIMI 6 al September 13 3 12 12 17 23 27 20
October li 4 8 1111 16 16 4 0 UR October 15 3 8 15 25 18 31 29
November: wing 55 6 5 Novembers 14 4 j 6 9 12 27 26 12
December 14 9 8 ME 4 0 111111 December 12 6 7 10 11 39 12 11
TOTAL : • 70cacomemigi TOTAL 136 118 98 148 149 280 260 274 57
Ins o iration
Jan ;,Feb Ilylarch Apr ;May Jun Jul Aug Sep ,Oct Dec
!Elm Tota(
15 10 6 m 14 4 5$ 8 Ei
16 10 19 5 9 um 40 8 14 IEEE=
17 10 5 26 1i 29 smI�••i�SE
Regional Housing Permits
Wylie Pending Developments ,Sacnse Pending Developments
Estates of Creekside -45 ac. 63 Lots, 3 open space Jackson Hills Phase 3A-2 - 55 Lots
Braddock Place, Phase 2 - 185 ac. - 44 Lots Heritage Park- Phase 3-81 Lots
Kreymer Estates Phase 1 -36.475 ac. - 110 Lots Parkwood Ranch - Phase 2 -102 Lots
Lewis Ranch - 53 ac. -216 Lots Jackson Hills- Phase 3B - 114 Lots
Woodbridge 16 -25.083 ac. - 111 Lots Jackson Meadows-51 Lots
Dominion of Pleasant Valley- 361.4 ac. - 975 Lots Woodbridge- Phase 19 - 148 Lots
Covington Estates Ph 1 - 14.308 ac. -44 lots ETJ
Bozeman Farms- 780 lots remaining (145 under cons.) C & F Copeville Addition -3.515 ac 3 Lots
Alanis Crossing - Phase 1 -29.292 ac-53 Lots Geckler Addition - 14.274 ac 1 Lot
Braddock Place, Phase 3 -18.322 ac. - 53 Lots, 2 open space Reyes estates-3.61 ac 2 Lots
Wilson Creek-38 ac. 140 lots Creeks Crossing - 3.187 ac 2 Lots
Inspiration 2B-25 ac. 76 lots Wylie ETJ
ZC 2014-08 Nails-25 ac. 105 Townhomes
Hunter's Cove Phase I - 31.414 ac 58 Lots
Bozman Farms Phase 3 -50.392 ac 139 Lots
Braddock Place Phase 4-25.608 ac 77 Lots
Braddock Plase Phase 3 - 18.322 ac. 53 Lots
Creekside Estates Phase VII -23.267 ac. - 11 Lots
Castle Park- 31.41 ac 56 Lots
Inspiration Phase 1 &2 --53 Lots
Kreymer Estates Amenity Center-3.3 ac. 1 Lot
Kreymer Estates Phase 2 -23.171 ac 60 Lots
Kreymer Estates Phase 3 -29.7654 ac 74 Lots
Mansions at Wylie Seniors- 13.125 ac 1 Lot
Schupbach Estates-0.633 ac. 2 Lots
Wooded Creek Phase 2 Amenity Center-0.512 ac 1 Lot
Creekside Estates Phase VIII -20.551 ac 65 Lots
Kreymer Estates Phase 4 -27.312 ac 78 Lots
Bozman Farms Phase 5 -69.071 ac 198 Lots
HNI Townhome Addition - 10.06 ac 104 Lots
Alanis Crossing Phase II -26.239 ac 42 Lots
Trailsplace Lot 6-BR& 6 C-0.256 ac 2 Lots
Kreymer Park-45.57 ac 151 Lots
Kreymer Estates Phase 3 -29.7654 ac 74 Lots
Braddock Place Phase 5 -28.019 ac
Railroad Addition Block 31- 1 ac.
Creekside Estates Ph 9- 12 ac