11-09-1993 (WEDC) Minutes MINUTES
DEVELOPMENT CORPORATION OF WYLIE, INC.
TUESDAY, NOVEMBER 9, 1993
The Directors of the Development Corporation of Wylie, Inc. met in regular session at 4:00 PM
on Tuesday, November 9, 1993 in the Development Corporation conference room at 108 N.
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, member John Mondy and newly
appointed member Marvin Fuller. Executive Director Charlie Womack, Mayor John Akin,,City
Manager Steve Norwood, and Administrative Assistant Mike Collins were also present.
Representing City staff was Barbara LeCocq, Secretary.
ITEM NO, 1 - ADMINISTER OATH OF OFFICE TO NEW MEMBER: 'Newly appointed
member Marvin Fuller was given the oath of office by Secretary Barbara LeCocq.
ITEM NO. 2 - DISCUSS AND,APPROVE MINUTES OF OCTOBER 12, 1993 MEETING:
In item 4, page 2:'of the minutes for the meeting held on October 12, 1993, President Raymond
Cooper asked that the word "Election" (of New Director) be changed to "appointment". With
no further changes or corrections, a motion was made by John Yeager to approve the minutes
as corrected, seconded by John'Tobin. All in favor, motion carried.
ITEM NO. 3 - DISCUSS AND APPROVE TREASURER'S REPORT ENDING OCTOBER 31.
1993: Treasurer's report shows Total funds available 10/1/93 as $495,854,63 Income
$392,732.96. Expenses $11,548.53. The president called for a motion. Motion was made by
John Tobin to approve the treasurer's report as submitted. Seconded by Marvin Fuller. All in •
favor. Motion Carried.
'ITEM NO. 4 - REPORT FROM EXECUTIVE DIRECTOR,. CHARLIE WOMACK: Mr.
Womack gave a report on current projects before the corporation.'(Mr Womack's written report
attached hereto as a part of the official minutes.) Topics included status report on Physicians
Regional Hospital, Roberts,Manufacturing Company, Garvin Corporation dba The.Merry Miler
Company, Unger& Associates, Inc. (UAI). Mr. Womack asked the directors to discuss Unger
& Associates need for $1.5 million loan for working capital. Raymond Cooper suggested the
the vacant Johnston Manufacturing building as a possible location for Unger. Mike Collins
stated Ken Lane, President of American National Bank "has not closed the door on the deal".
ITEM NO. 5 - APPROVE FINAL PRIJCHASE PRICE OF SEVEN (7) INDUSTRIAL LOTS
IN THE FM544 INDUSTRIAL PART : Final purchase price of $126,782.00 approved by
unanimous vote. Motion made by John Yeager, seconded by John Tobin.
DevCorp of Wylie
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ITEM NO. 6 - DISCUSS AND APPROVE LEGAL FEES SUBMITTED BY MCWILLIAMS
& HOUSER: These fees were incurred during the proposed land purchase of the J. D. Russell
Company property. A motion was made by John Tobin, seconded by John Monday, to approve
for payment the amount of $2,019.25. All in favor. Motion carried.
ITEM NO. 7 - RECESS OPEN MEETING: The open meeting was recessed.
ITEM NO. 8 - CONVENE EXECUTIVE SESSION: Topics for discussion were:
A. Discuss financial assistance request received from the Wylie Merchant's
Association.
B. Discuss cash grant request to complete repairs to 140 Kristen Lane.
C. Discuss request from an interested party for the Development Corporation to build
and lease a facility to house his company.
ITEM NO. 9 - RECONVENE OPEN MEETING: Open Meeting reconvened.
ITEM NO. 10 - ACTION. IF ANY. FROM EXECUTIVE SESSION: None
ITEM NO. 11 - CITIZEN PARTICIPATION: None
ITEM NO. 12 - ADJOURNMENT: Meeting adjourned.
Raymond Cooper, President
DEVELOPMENT CORPORATION of WYLIE, INC..
Respe ly submitted:
b a Lecocq, Sec etary
•
DevCorp of Wylie
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