06-19-2017 (WEDC) Minutes mutes
Wylie Economic Development Corporation
Board of Directors Meeting
Monday, June 19, 2017— 7:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78 — Wylie, Texas
CALL TOO ' I ER
Announce the presence of a Quorum
President Marvin Fuller called the meeting to order at 7:30 a.m. Board Members present were John
Yeager, Todd Wintters, Demond Dawkins and Bryan Brokaw.
Ex-officio members Mayor Eric Hogue and City Manager Mindy Manson were present.
WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner and
Senior Assistant Angel Wygant.
CITIZEN PARTICIPATION
With no citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1—Consider and act upon approval of the May 17,2017 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 May 17, 2017 Minutes of the Wylie Economic
Development Corporation as amended. The WEDC Board voted 5 —FOR and 0—
AGAINST in favor of the motion.
ITEM NO. 2—Consider and act upon Resolution No. 2017-01 (R) ratifying the Purchase and Sale
Agreement and all subsequent Amendments between the Wylie Economic Development
Corporation DC) and Chick-Fil-A, Inc. for the sale of approximately 1.53 acres also known
as Lot 5R Railroad Industrial Park Addition, Wylie, Texas as recorded in Volume 2017, Page 307
of the plat records of Collin County, Texas, further authorizing WEDC President Marvin Fuller
to execute all documents necessary to effectuate the sale.
Staff informed the Board that closing on the Chick-Fi1-A purchase is scheduled for Monday, June 19th
At closing, the WEDC is required to provide the attached Resolution along with a Certificate of
Corporate Resolution authorizing President Fuller to execute all documents necessary to formalize the
transaction. Further, staff is providing ratification of the Purchase and Sale Agreement along with all
Amendments to the same.
WEDC —Minutes
June 19, 2017
Page 2 of 2
Staff recommended that the WEDC Board of Directors approve Resolution No. 2017-01 (R) ratifying
the Purchase and Sale Agreement and all subsequent Amendments between the Wylie Economic
Development Corporation (WEDC) and Chick-Fil-A, Inc. for the sale of approximately 1.53 acres also
known as Lot 5R Railroad Industrial Park Addition, Wylie, Texas as recorded in Volume 2017, Page
307 of the plat records of Collin County, Texas, further authorizing WEDC President Marvin Fuller to
execute all documents necessary to effectuate the sale.
MOTION: A motion was made by John Yeager and seconded by
Todd Winners to approve Resolution No. 2017-01 (R) ratifying the Purchase and
Sale Agreement and all subsequent Amendments between the Wylie Economic
Development Corporation (WEDC) and Chick-Fa-A, Inc. for the sale of
approximately 1.53 acres also known as Lot 5R Railroad Industrial Park Addition,
Wylie, Texas as recorded in Volume 2017, Page 307 of the plat records of Collin
County, Texas, further authorizing WEDC President Marvin Fuller to execute all
documents necessary to effectuate the sale. The WEDC Board voted 5 —FOR and
0—AGAINST in favor of the motion.
ADJOU MENT
With no further business, President Fuller adjourned the WEDC Board meeting at 7:34 a.m.
Marvin Fuller, President
ATTEST:
Samuel Satterwhite, Director