07-13-1993 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
JULY 13, 1993
The Directors of the Development Corporation of Wylie, Inc . met
in regular session at 4: 00 P.M. on Tuesday, July 13, 1993 in the
Development Corporation's office at 108 W. Marble, Wylie, Texas .
A quorum was present and notice of the meeting had been posted in
the time and manner required by law. Those present were
President Raymond Cooper, Vice President John Tobin,
Secretary/Treasurer John Yeager and member John Mondy . Executive
Director Charlie Womack, Mayor John Akin and City Manager Steve
Norwood were also present . In attendance from the City Staff was
Anita Collins . Tim Robinson was absent from the meeting.
President Raymond Cooper called the meeting to order.
DISCUSS AND CONSIDER APPROVAL OF MINUTES OF JUNE 8, 1993 REGULAR
MEETING : There being no corrections to the minutes John Yeager
made a motion that they be approved, seconded by John Mondy.
Mr. Cooper did not vote since he was not on the board at that
time and not in attendance at the meeting. The motion carried
with all in favor.
DISCUSS AND CONSIDER APPROVAL OF MINUTES OF JUNE 24, 1993 SPECIAL
MEETING : There being no corrections to the minutes John Mondy
made a motion that they be approved, seconded by John Yeager.
The motion carried with all in favor.
DISCUSS AND CONSIDER APPROVAL OF TREASURER'S REPORT: Total
corporate funds as of June 30 , 1993 were $450 ,015 . 81 . Expenses
for May were $6,120 . 37 and revenues were $334, 207 . 16. Total
available funds were $328 , 429 . 49 . A motion was made by John
Tobin to accept the Treasurer's Report as read and was seconded
by John Mondy. The motion carried with all in favor. (See
attached report at the end of these minutes) .
REPORT FROM EXECUTIVE DIRECTOR:
A. Physicians Regional Hospital Status Report - The
hospital is hopeful that their bankruptcy petition for
reorganization will be accepted. All available beds were
full during the last two weeks of June. They continue to
be optimistic that the situation will improve for them.
B. Major Employer Relocation Status Report - A recent
conversation with local management reveals no decision has
been made by the corporate office and relocation plans are
on hold pending management changes .
C. Jim Meara, D/B/A the Meara Company Status Report - Mr.
Meara reports his efforts to have the impact fees waived by
the City Council have been unsuccessful but he will continue
to research his options for a possible solution to this
current problem. The Wylie Planning and Zoning Board
approved the replating of the duplex building lots in the
sub-division to fifty-eight (58) single family residential
lots . Recommendation of the P & Z board will be reviewed
and a final decision will be made by the Wylie City Council
in their next scheduled meeting on July 13 , 1993 .
D. Crane Safety & Maintenance, Inc . - Mr. Crisuolo has
signed a contract to purchase an industrial building lot
from Provident Bank - Wylie. There are no immediate plans
to construct a building until the lot is free and clear of
debt . The company has bid several big jobs with good profit
margins which if they are the successful bidder, should
generate sufficient funds to liquidate lot debt and
construct building. Currently management has no plans to
request any financial assistance from the Development
Corporation.
E. Applied Powder Technologies, Inc. - This is a company
out of Calgary, Alberta, Canada. The company manufactures a
broad range of metal powders at its production facility in
Connecticut for the North American coating industry. Wylie
is one of the five cities within the metroplex that would be
a good candidate for their consideration. There was a
meeting on June 28 with Mr. Chad and Mr . Allen from APT and
various representatives from the City, Chamber, and
Development Corporation.
F. S-Line Corporation - Mr. Womack reported that he sent
them one of the videos and called them back after they had
opportunity to look at the video. They were impressed with
the video but their plans for relocation have been put on
hold.
G. Roberts Manufacturing Company - This company is
presently located in California with a small office in West
Dallas .
REVIEW AND APPROVE BUDGET FOR YEAR BEGINNING 10/01/93 AND ENDING
09/30/94: Expenditures for the upcoming budget year were
discussed and the following change was recommended:
That advertising for the Chamber of Commerce be raised to
$15 ,000 in order for them to do the advertising for the
Development Corporation and that promotions be at $6,000 .
With this change a motion was made by John Yeager to adopt the
budget as presented, seconded by John Tobin. The motion carried
with all in favor.
RECESS OPEN MEETING
CONVENE TO EXECUTIVE SESSION:
A. Update on Contract to Purchase a Tract of Land for Future
Development .
B. Update on Request by Two Local Employers Interested in
Financial Assistance to Relocate their Current Operations .
C. Report on Another Company that is Planning a Relocation and
Has some Interest in the Wylie area.
RECONVENE OPEN MEETING
ACTION FROM EXECUTIVE SESSION
A. No action taken.
B. A motion was made by John Yeager that the Development
Corporation make a loan to Gingy's Heaven Scent for
$3 ,800 .00 at six percent ( 6%) interest and payable in twelve
equal monthly installments. The motion was seconded by John
Tobin and carried with all in favor.
C. No action taken.
CITIZEN PARTICIPATION: None
There being no other business for discussion a motion was made
and seconded that the meeting be adjourned.
Minutes of the July 13 , 1993 , regular meeting approved by the
Board of Directors at its meeting on August 10 , 1993 .
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RaYm d Cooper, President
PREPARED BY:
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Anita Collins