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08-16-2017 (WEDC) Agenda Packet
NOTICE OF MEETING Wylie Econom Developm C Oic R P O R A T I ent O N Regular Meeting Agenda August 16, 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 Assistant Director Angel Wygant Senior Assistant In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie Municipal Complex, distributed to the appropriate news media, and posted on the City Website: www.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 July 31, 2017 Minutes of the Wylie Economic Development Corporation(WEDC) Board of Directors Meeting. II. Consider and act upon approval of the July 2017 WEDC Treasurer's Report. III. Consider and act upon issues surrounding a Real Estate Sales Contract between the WEDC and Patsy Jo McMillan and Margaret McMillan for the purchase of property located at 105 N. Jackson Street. IV. Consider and act upon American National Bank Loan No. 88157334 Option to Renew and Extend. V. Consider and act upon issues surrounding the use of WEDC property for a public event. VI. (Remove from Table) Consider and act upon issues surrounding the election of WEDC Officers. WEDC—Agenda August 16, 2017 Page 2 of 2 DISCUSSION ITEMS VII. Staff report: review issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, Highway 78 WEDC Pad Sites, 544 Gateway Property, and regional housing starts. VIII. Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). 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: • Cooper& Hwy78 • Oak&Jackson • Steel & Regency • Brown&Hwy 78 • Hwy 78 & Birmingham Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). • Project 2017-la • Project 2017-7a • Project 2017-7b • Project 2017-8a RECONVENE INTO OPEN MEETING ADJOURNMENT CERTIFICATION 1 certi& that this Notice of Meeting was posted on this]l'h day of August 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.wyiietexas.gov. Carole Ehrlich,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Monday, July 31, 2017— 5:30 P.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 5:31 p.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 and Senior Assistant Angel Wygant. CITIZEN PARTICIPATION Lynn Grimes was present and informed the Board that a new business, Angel's Deli, had opened in a newly restored home in downtown Wylie. With no further citizen participation, President Fuller proceeded to Action Items. ACTION ITEMS ITEM NO. 1 — Consider and act upon approval of the July 12, 2017 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by John Yeager and seconded by Todd Wintters to approve the July 12, 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 approval of the July 2017 WEDC Treasurers Report. Staff reviewed the financials and informed the Board that on July 12, 2017, the WEDC made a $1,000,000 payment to Loan 88157334 to reduce the Principal balance of that loan. MOTION: A motion was made by Todd Wintters and seconded by John Yeager to approve the July 2017 WEDC Treasurers Report. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 3 — Consider and act upon the First Option to Renew and Extend American National Bank Loan No. 88157334. Attached for the Board's review was the Loan Agreement with American National Bank of Texas (ANB), Loan number 88157334. This loan matures on September 23, 2017 and contains provisions for 3 opportunities to Renew and Extend under the same terms contained in the original agreement. Staff reiterated that exercising this Option to Renew and Extend adjusts the maturity WEDC—Minutes July 31, 2017 Page 2 of 5 date of the loan by one year to September 23, 2018. Should the Board decide not to exercise the Option to Renew and Extend, the remaining balance of approximately $522,373 will be due on September 23, 2017. As previously mentioned, on July 12th the WEDC made a principal reduction payment of $1,000,000 to the above referenced loan. President Fuller indicated that there was language within the agreement indicating an interest rate adjustment associated with the Option to Renew and Extend. Staff commented that it was his understanding in speaking with the ANB Loan Officer that the terms were identical in relation to the current interest rate going forward but indicated that Mr. Fullers identification of the floating rate is contrary to the current recommendation of extending the loan for 12 months at 4%. The Board directed staff to clarify the rate and specified that current consideration is based upon a 4%rate. MOTION: A motion was made by Demond Dawkins and seconded by Bryan Brokaw to exercise the Option to Renew and Extend Loan Agreement Number 88157334 for one year under the same terms and interest rate currently in effect. The WEDC Board voted 5 —FOR and 0 —AGAINST in favor of the motion. EXECUTIVE SESSION Recessed into Closed Session at 5:42 p.m. in compliance with Section 551.001, et.seq. Texas Government Code, to wit: Section 552.071 of the Texas Government Code (Consultation with Attorney)Consultation with attorney regarding a matter in which the duty of the attorney to the WEDC under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with the Open Meetings Act regarding: • Possible review by governmental agency RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 6:03 p.m. and took no action. ITEM NO. 4—Consider and act upon approval of the FY 2017-2018 Budget. Staff presented an overview of the attached detailed budget. As reported to the Board, following the first two work sessions the Finance Department determined that the WEDC Beginning Fund Balance as of 10-1-17 had been overstated by $1.2mm. It was determined that there was an error made by staff in calculating total available resources for FY 2017 — 2018. Due to this overstatement of Beginning Fund Balance, staff was required to make multiple reductions in expenditures. On the revenue side, staff had utilized a conservative$20 psf for the sale of a WEDC lot,but amended that figure to a more realistic$23 psf resulting in a$205,000 increase in potential revenue. WEDC—Minutes July 31, 2017 Page 3 of 5 On the expense side, staff proposed the following reductions: • Leasehold improvements reduced by $5,000 • Misc. Engineering/Architect reduced by $2,500 • Furniture & Fixtures reduced by $1,500 • New copier removed from budget- $8,300 • Incentives—Future Projects reduced from $917,565 to $753,900—net $163,665 • Debt Service—Principal Reduction amended from $1.727mm to $1.2mm—net$527,000 • Land acquisition reduced by $350,000 Looking forward to FY 2017-2018, one-time incentive expenditures and expiring incentive programs will reduce fixed expenditures by $304,800. Further the sale of a WEDC pad side will reduce annual debt service by $381,288. Staff recommended that the Board of Directors approve the FY 2017-2018 WEDC Budget as presented. President Fuller asked that the Board to delay further consideration until after Executive Session in order to accommodate any changes the Board might make relating to staff/salary evaluations. ITEM NO. 5—Consider and act upon issues surrounding the election of WEDC Officers. The Wylie City Council recently reappointed Mr. Todd Wintters to a three-year term as a Member of the Wylie Economic Development Corporation Board of Directors. Mr. Wintters has been sworn in by the City Secretary's office. On an annual basis and following the selection of WEDC Board Members by the Wylie City Council, the WEDC elects officers for the upcoming year. Provided for your review is Section V- Ocers of the WEDC By-laws. Section V provides for the selection of officers and the duties of the same. In 2016 the WEDC Board of Directors elected the current officers: Marvin Fuller President Todd Wintters Vice President John Yeager Secretary Demond Dawkins Treasurer Bryan Brokaw Board Member Staff recommended that the WEDC Board of Directors elect officers for the upcoming year. President Fuller informed the Board that, after much consideration, he felt it was in the best interests of the WEDC Board that he step aside from an Officer role on the Board and allow another Board Member to fill the position of Board President. Without exception, all Board Members felt that the Board was best served by the experience and leadership of Mr. Fuller and despite the negative publicity directed toward staff and Mr. Fuller specifically, the slate of Officers for the WEDC—Minutes July 31, 2017 Page 4 of 5 WEDC Board of Directors needed to remain as is. Ex-officio member Mayor Hogue thanked Mr. Fuller for his outstanding service and reminded him that he has the full support and confidence of Council to remain in his role as President of the WEDC Board of Directors. Mr. Fuller thanked the Board for their confidence in him but requested the Board consider a change. Board Member Brokaw commented that should he be asked to be an officer now or any time in the future,he could not take on the role of Treasurer due to professional restrictions from his company. MOTION: A motion was made by John Yeager and seconded by Todd Wintters to Table this item until the next Regular Board Meeting keeping the current slate of Officers in place in the interim. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO. 6 — Staff report: Staff reviewed issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, Highway 78 WEDC Pad Sites, 544 Gateway Property, LaQuinta Inn& Suites, Holiday Inn Express, and regional housing starts. Staff reviewed the above items and informed the Board that discussion with LaQuinta revealed they are anticipating a September opening. In addition, confidence is high that the Holiday Inn Express would be open by December 31, 2017. No action was requested by staff for this item. ITEM NO. 7 — Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). No Board Members requested than an item be placed on future agendas. Mayor Hogue left at 6:48 p.m. and returned at 6:50 p.m. Demond Dawkins left at 6:50 p.m. EXECUTIVE SESSION Recessed into Closed Session at 6:50 p.m. 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: • Cooper&Hwy 78 • Oak& Jackson • Steel & Regency • Brown & Hwy 78 • F.M. 544 & Birmingham WEDC—Minutes July 31, 2017 Page 5 of 5 Section 551.087 (Economic Development) of the Local Government Code,Vernon's Texas Code Annotated (Open Meetings Act). • Project 2016-10a • Project 2017-la • Project 2017-7a • Project 2017-7b Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Performance Evaluation and Merit Increases for WEDC Staff RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 8:11 p.m. and took the following action: ITEM NO. 4—Consider and act upon approval of the FY 2017-2018 Budget. Following Executive Session,the Board amended FY 2017 - 2018 Budget(Personnel)to reflect a 5% increase in Personnel. The Board directed staff to increase Personnel by 5% and to make the necessary adjustments to Future Projects within Incentives to offset these changes. MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to approve the FY 2017 - 2018 Budget as amended to reflect a 5% increase in Personnel. The WEDC Board voted 4 — FOR and 0 — AGAINST in favor of the motion. ADJOURNMENT With no further business, President Fuller adjourned the WEDC Board meeting at 8:14 p.m. Marvin Fuller,President ATTEST: Samuel Satterwhite,Director Wylie Economic Development Corporation MEMORANDUM TO: Samuel Satterwhite, Executive Directory FROM: Angel Wygant, Senior Assistant g SUBJECT: July 2017 Treasurer's Report DATE: August 10, 2017 Issue Consider and act upon approval of the July 2017 WEDC Treasurer's Report. Analysis From the Balance Sheet,page 1: Deposits - $20,500. 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 $18,500 Escrow Deposit for the purchase of the McMillan Property located at 105 N. Jackson Street. During the month of May, an additional Escrow deposit of$13,500 was required to execute the Contract Amendment extending the closing date. Loan Receivable - $55,878.06. 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 29 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 12/31/17. 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 - $468,400 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 - $20,000, Von Runnen Holdings - $10,000, Exco Extrusion Dies — $60,000, KREA - WEDC July 2017 Treasurer's Report August 10, 2017 Page 2 of 3 $100,000, McClure Partners - $50,000, Patna Properties - $10,000, ACG Texas - $35,000, Trout - $15,000, REVA Hospitality- $100,000 and AMB Investments - $8,400. T.W. Snider ($42,000) was removed from the Deferred Outflows based upon the voided Performance Agreement. From the Balance Sheet,page 2: Deferred Inflow - $211,878.06. 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 June and July was $1,517.84. (June's check was delayed so both were deposited in July.) 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 gain that would have occurred if the loan forgiveness were not in place ($350,000 - $155,000 =$195,000). Revenue and Expense Report,page 2: Interest Earnings - $475.14. Interest earnings from the Wylie Ice Cream Holdings - June& July. Loan Repayment - $1,517.84. Principal payment from the Wylie Ice Cream Holdings —June & July. Rental Income — $13,100. DCU - $3,400, Delta-E - $800, Austin Said - $6,000, Helical Concepts - $400, Richmond Hydromulch- $500,Auto Hail—$2,000. Revenue and Expense Report,page 3: Office Supplies - $44.20. ICAN book binding. Food Supplies - $66.83. WEDC Board Mtg. Meals ($51.16), and Kitchen Supplies ($15.67). Incentives - $76,366.29. Sales Tax Reimbursements—Woodbridge Crossing ($53,000.03), Clark Street Development($23,366.26). Special Services — $15,818.06. Lot Clean-up Hwy 78 ($150), Lot Clean-up 544 ($200), Silt Fencing — 544 Gateway ($3,210), Environmental 605 Commerce ($3,314.60), Environmental Hwy 78 ($3,153.25), Environmental — 544 Gateway ($3,697.71) Mowing — ($1,935), Janitorial ($157.50). Advertising - $3,655. Connection- ($1,500), In & Around ($1,555), WHS Football Program Ad ($600). WEDC July 2017 Treasurer's Report August 10, 2017 Page 3 of 3 Community Development - $1,161.99. Plant— St. John Funeral ($61.99), Collin Child Advocacy Sponsor($500), WHS Athletic Sponsor($500), Blue Grass Sponsor($100). Travel & Training - $552.06. IEDC- Greiner ($111), TEDC Webinar - Greiner ($79), TEDC Mid-year—Satterwhite ($267.89), Bus Mtg/Proj. Updates ($94.17). Dues & Subscriptions - $4,663.23. Woodbridge Dues 2017-18 ($3,368), Club Corp Dues ($695.23). TEDC Dues— Satterwhite ($500), ICSC Dues ($100). Audit& Legal - $2,280. Atty Fees—CFA ($1,880), 544 Firebird ($80), Review Perf Ag ($120), Citizen Inquiry ($200). Engineering & Architectural - $1,989.50. 544/(19 Acres) — Engineering Svc ($1,387.50), Boyd —Topography($602). Debt Service — $1,064,924.96. In July, the WEDC made a $1,000,000 additional payment to principal on American National Bank loan#88157334. Recommendation Staff recommends that the WEDC Board of Directors approve the July 2017 Treasurer's Report. Attachments July 2017 Treasurer's Report Sales Tax Revenue Wylie Economic Development Corporation Statement of Net Position As of July 31,2017 Assets Cash and cash equivalents $ 919,450.67 Receivables $ 427,544.72 Note 1 Inventories $ 8,239,603.19 Prepaid Items $ - Total Assets $ 9,586,598.58 Deferred Outflows of Resources Pensions $ 66,481.55 Total deferred outflows of resources $ 66,481.55 Liabilities Accounts Payable and other current liabilities $ 110,928.42 Unearned Revenue $ 217,878.06 Note 2 Non current liabilities: Due within one year $ 662,438.97 Note 3 Due in more than one year $ 3,976,099.86 Total Liabilities $ 4,967,345.31 Deferred Inflows of Resources Pensions $ 2,839.41 Total deferred inflows of resources $ 2,839.41 Net Position Net investment in capital assets $ - Unrestricted $ 4,682,895.41 Total Net Position $ 4,682,895.41 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 July 31,2017,these commitments totaled$468,400,00 g-/1-20::7 PM C:TY OF FLIE BALANCE .SHEET As OF: JUE,Y -%('W CORP At:COUNTO 1211, ASSETS -• • •-• 14D5-101h) LLAtM oN L:M0 cML0 ECIO!V 100-101i5 - W:E15 - L755001=2 C.00 1.000-10:F . FScROW 0.00 1(.-M0-183 Dzros:T 2 ,50B.P1 :000-10]OR - !J.ISC cLFARING G.00 (100-10341 TEXPoo:. 6,00 11)0U-1 -11 FOLIO (1.(10 1005-In01 INTEREST REcEIVALLL (7L00 1000-IF',1 < 20 RFC - 6.60 1000-1].517 ACCCC R0 - 5ALES TAX 0.00 1000-42710 LEAsE 1,A=NTs RF.cEIVAT3127. 0,00 1001]-120 LOAN PROCKDS :-(E,:ETVABLF 6.00 1000-12990 LOAN PECZ:vABLE 55,875.06 1000-1::-.707 A57 0 F.Ec - 0.00 AccTs :REL: FoRGI'VF.ALF. LOANs 100 -14112 INVENTORY - mATEP.LALf slfrpn 0.00 100-141] l'NvFMToFY - ION]) iNv(,:mToRy - BAYco/ ]iANDN BLVD 0, 10D -14310 PREPAID SxPENsEs - 0.00 1000-1440 W.FFRRPF) (XTP1.(:51 4i,R,410.[AP TOTAL 10,05 ,955.58 • VEDFR,%1, INEMF TAN7,;LYADLF 2000-.%0U 1..00 7000-2(JI12 CHILD sUPPORT 1AYAn.1,1 C.00 .7-VO-20L13 CREDIT UNION PAYABLE ( .(10 [[CV? PAYABLE fOil 2003-20E15 NATjONWMF c:,cn it.tsM‹ P5Y-EMPLoYr7. (_;.19) 2000-20117 TM:-. PAYAP.LE 0.00 2650-20110 ROT!] IRA PAYAM.F 2000-n!II 1Jc.-2RF.ER PAYABf.F. 11.15 2030-2020 Fi.CA 171..yA_t1hr. 0.00 2a10-7o12: TEL: PAYAELE 0.00 20n0-2n122 S-T9DENT LOAN LEVY PAYARLE 0.00 ALINON PAYAP.Li.: G.00 2030- 12,1 PAYSIFLR G.00 VALIC DEFERRED POMP 010 Cc 51'D25 TCMA PAYABLE CD)] 2.5J0-21(127 R:1P, LE[;Al ,iiZV10E5 1),04 21FJO-2Gi'i0 FLEXIELE 7C(7O115]T 575.G0 200)[-2013 [COWARD JONES DEFERRED SUMP C.CA CPR, PLETF ;:),V1 .2,100-201- AocRUED WrIL;P: DAyAn:“F: (i.G6 2000-20160 ALID_:r EMPLOYEE 11.41(5 PAY 1].D0 FIFE): PAYRoLL PAYABLE. -1)-.?511 54:1,1 FM CITY OF WYLIE PA1.1E: 2 eumup. EHEET Or: JULY 3IS7, 201/1 111-WYLIE DEVEL cORP A,,1CL:UNTA T1TLL 2000-202:01 Ar PENDING .1.-+75.EB 200.1.-2n210 AE.X•oNNTS PAYA?I.E. 15 ,265."j.1 2ooa- o PRoPRRTY TAXES PAYA9LE 0.05 2000-20 -10 NOTES PAYAII.LE 205D-20S10 DUE TO GENERAL FUND 0.00 21110-222'0 DEFERRED INFLOW 2WOW1.5G 2005-222.IS DFR iNFLOW - LEARIP. PRrNeZPA1.. 0.05 2W-2%)2.R0 DEEPRE-'.!/ INFL:Yel - LEASE iNT 21-)01-22,..1.1 RENTAL DEPOSITS 6,0:10.55 TOTID. LTAT!:1.ITTES EQUITY 3aoc1-3.sin) FUND T'1ALANCE - RESERVED 0.1=1:71 W00-..,..4.':130 FUND RALANCE-ONRSERV/UNDESTU " . TOTAL BE1:3INNINI.] EOCITY 3,220, 3',T.411, Tr2,TAL REVENUE TOTAL EXPENSES 3,71-?,084.02 REVENUE OVER/fUUENI F.X.PENSS 1,633,V.1.CA TOTAL ErXITY 4 ,,V1,-.R/OiND ) 1,2'?-;H0.5.H TOTAL L1AILITIES, ni..1UTTY I. OVERMNDER) 1( 14,003, S-11-201/ 04:5: PM CITY :1A WYLIE PAI;E: AS OF: JUT? 31ST, 201j -GEA 1.0N(1 TERM 3E01 nm)c) ACCOUNTA TITLS," AS•,7AT - - • 6OVEANMENT NOTS r_99 1000-18110 LIAN - WED,: 0,00 1090-18120 LOAN - EIRMINL:JIAM (1.110 1:700-18219 AEOUNT TO IT) PROVIDED 0.01 R:RMINf.-MAX LOAN 0.00 1000-1101.'0 )JET oSTAWW - CON'j?!R=ON L000-109 T..tJV - INVE:-rTAENT EXP 1000-1q100 LT.IT OUTFLOW - ACT EXP/ASSUMP 4,225H5 J009-1q1? HAYN)/iOSA OA ASsuJiST1.1A CNN( ;,,R0)J,:11 1":3,A41'_14 TOTAL ASSETS 63,642.14 LIAE1L1TIES •• 2000-2010 1-014PENATELI Ai3Eb:CrES PAYAL 34,5q3.411 2°30_2.0;11 3rn413 An,7NLES FAYABLE- UKRENT 0.00 j000-21410 ACCSUEO INTEREST pAYAEILE 4, 0.85 2000-23205 WE0 LOANS/c.1118.P.ENT 4)13,10)5.51 2D00-25220 BIRMINf:HAM LOAN 0.r.0 2000-28230 ENWOOD LOAN 0.00 7000-211232 ANP. LCANiEDGE 0.91 A118 LOAN/0EDb7,:03r.T 2909-2VIA ANR LOAN/RAADAL:K RUGNEN 2n1Jn-2623 ANB IoAN (133 l000-252.i6 ANR (:.ONSTPUCTION LOAN 0.0,1 20110-28.23-, ANB LOAN/ woannkTbF 1.,\R%S0AY 13,71010 :moo-1,q2iA ANR J.DAN/RUCNANAN ]6::,440,10 2000-28739 ANB 1.(;AAJ/JoNE3:NOART 2000-28240 NUGNE,,, LuAN 41.313 2000-26745 ANN !,0AN/f111LAS '4JiPLPOOL 2,006,09.0 )000-2.(21( JARBARD LoAN 2131,5.i2. 14 :'000-78233 (:ITY CIA 0,00 20011-28260 PP.IME KITTS LOAV 0.93 2000-782J0 BOWLAND/AMDFT-:SOM LOAN 0.03 2030-2829 t:.60'ITAL ONE C117111) LO.AN 0,010 7000-23490 HOPARTi:OMERCE LOAN 9.01 2000-23159 NET PENSION LIAPTLITZ ISB,E12.17 TOTAL LIAPE; IT:ES 1,E46j123.73 • EQ((ITY • •-••- :009-'34:J90 FUND AALANCE-'JN4BSSERVitINDATC( 3, J.36,020.',D1 J000-35400 ONRE:(TAJCTED NET POS:TION 114, .01} TOTAL BE(;ENNING EQIlTOS ( (,Nj,0,098.59) TOTAL IliFVFAUE ( 2, :1D,000.09} TOTAL FXPEASES 3 1, 45,517.4); 8-11-2017 04:51 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JULY 31ST, 2017 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE REVENUE OVER/(UNDER) EXPENSES ( 754,182.58) TOTAL EQUITY & OVER/(UNDER) ( 4,605,181.08) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 63,642.14 a-11-2D17 04:53 PM CITY OF WYLIE l'A.S.;E: 1 P. VE1JUE ANL, E71-,EN11F. REPORT - tnNAu:-.1.p .:» AS C*.: „7ULY 1127, 2017 11!-WYLIE pcuruc. LrEVEL .-rORP FI-NANAL SUMNARY cURRN(.17 CVRPRNT P27011 'OAR Y-T-D v--7-r') 13U1]ET , PFkt011 M ADJUST. V-TUAL F.:.::::T-g.: ANc.'.--,. RALANCE 111372T R1:::..T".MUF. rT,MMAF.Y TAXE:-z 2,G9n,647„OC ,,! :;,Hrrt.'-,$) (J.1.11 1,,-.,9 ,463-96 n.11 1,1105,11ii.c:2 62. 2. INTF.,A, VRIVFNTAi. 71 ,.I. '.].n 1.010 0.115 CLUJ 0.00 0.11 0.0a lNTF.:417.1'T INL:OME H:, i9 .01: 5,37 .46 0.0,7 Hol.d..,. I 'll ( ('.:;. %) 153.52 7I,';'LLANEOCS INCOAE. 1„ An,fli .o..7, 15,1.(1,.1.1:) 0.00 ,34,.304. i, 0•7,1 0,Pi:i.slr4 V...ii'• oTlir.k FZNANCtNC SOM;:CD; G.VI 0.110 1'A0 2,301,000.00 0_00 ( 2,.300.00J903 O.10 TOTAL REVENUES -1,291,0:=511.00 -2 3,), I,..n': iLfin 4,•i3,,-,19.'56 111,01) { -1. -1,-ii•J.•JG) 110.5.1 . ......_........ .. - .. .. . ••---- . . :- .17.!.?:1.=.1.;•:11.p:T.F.:4'r I::•11,1.,\R y D :;:i_l1[':•]7.NT ,,VRP-WEI,M.. 3,28.,'.1.1..,,ir'; 5,2.(11 -1 •6.2.; 0.co J.,7L-,:.,06,i.?2 0,00 1,--.i,6,,%26.r?. '.,1.17 1101AL P.-AP',,,MnETUT-, 5.253,71.00 !,2JJ2.4'. .'21 0.00 3,71-,,0 _92 0.4n ,r5i-A,ti2j-,.OR •III. --•• - • .. •• ....' .. .._. .. • .••.....• ktVrAME OVER/CiNDER) F:XPE.NOITORE:i I 1,.7,EJ21. :1 ( gi,3,-.;•!9.193 11.1131 1,0:' , 4.1...1 11.1111 r :2,.,.)21,0'0. ) !0.1.61- 8-11-2017 04:53 PM CITY OF WYLIE PAGE: 2 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 2017 111-WYLIE ECONOMIC DEVEL CORP REVENUES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET TAXES 4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-40210 SALES TAX 2,696,642.00 223,570.59 0.00 1,691,463.98 0.00 1,005,178.02 62.72 TOTAL TAXES 2,696,642.00 223,570.59 0.00 1,691,463.98 0.00 1,005,178.02 62.72 INTERGOVERNMENTAL REV. 4000-43518 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 4000-46050 CERTIFICATE OF DEPOSIT 0.00 0.00 0.00 0.00 0.00 0,00 0.00 4000-46110 ALLOCATED INTEREST EARNINGS 2,430.00 513.48 0.00 2,694.72 0.00 { 264.72) 110.89 4000-46140 TEXPOOL INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-46143 LOGIC INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-46150 INTEREST EARNINGS 2,962.85 475.14 0.00 4,692.18 0.00 ( 1,729.33) 158.37 4000-46160 LOAN REPAYMENT (PRINCIPAL) 8,995.15 1,517.84 0.00 7,464.52 0.00 1,530.63 82.98 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 2,506.46 0.00 14,851.42 0.00 ( 463.42) 103.22 MISCELLANEOUS INCOME 4000-48110 RENTAL INCOME 114,300.00 13,100.00 0.00 97,856.64 0.00 16,443.36 85.61 4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-48410 MISCELLANEOUS INCOME 115,758.00 0.00 0.00 0.00 0.00 115,758.00 0.00 4000-48430 GAIN/(LOSS) SALE OF CAP ASS 1,350,000.00 0.00 0.00 641,347.52 0.00 708,652.48 47.51 TOTAL MISCELLANEOUS INCOME 1,580,058.00 13,100.00 0.00 739,204.16 0.00 840,853.84 46.78 OTHER FINANCING SOURCES 4000-49160 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-49325 BANK NOTE PROCEEDS 0.00 0.00 0.00 2,300,000.00 0.00 ( 2,300,000.00) 0.00 4000-49550 LEASE PRINCIPAL PAYMENTS (O 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 4,291,088.00 239,177.05 0.00 4,745,519.56 0.00 ( 454,431.56) 110.59 8-11-2017 04:53 PM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 2017 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET PERSONNEL SERVICES 5611-51110 SALARIES 278,413.00 20.660.52 0.00 221,736.91 0.10 56,676.09 79.64 5611-51130 OVERTIME 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-51140 LONGEVITY PAY 1,168.00 0.00 0.00 1,168.00 0.00 0.00 100.00 5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-51160 CERTIFICATION INCENTIVE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0.00 0.00 0.1)0 0.00 0.00 5611-51210 CAR ALLOWANCE 12,433.00 969.26 0.00 10,009.59 0.30 2,423.41 80.51 5611-51220 PHONE ALLOWANCE 4,656.00 1,164.00 0.00 4,656.00 0.00 0.00 100.00 5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-51260 MOVING ALLOWANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-51310 TMRS 43,047.00 3,261.78 0.00 34,887.96 0.00 8,159.04 81.05 5611-51410 HOSPITAL & LIFE INSURANCE 33,951.00 2,850.12 0.00 28,250.72 0.00 5,700.28 83.21 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 0.00 871.33 0.00 88.67 90.76 5611-51440 FICA 14,577.00 1,282.86 0.00 11,383.72 0.00 3,193.28 78.09 5611-51450 MEDICARE 4,011.00 300.02 0.00 3,263.79 0.00 747.21 81.37 5611-51470 WORKERS COMP PREMIUM 596.00 0.00 0.00 495.36 0.00 100.64 83.11 5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 27.00 0.01 783.00 3.33 TOTAL PERSONNEL SERVICES 394,622.00 30,569.03 0.00 316,750.3E 0.00 77,871.62 80.27 SUPPLIES 5611-52010 OFFICE SUPPLIES 5,500.00 44.20 0.00 1,341.95 0.00 4,158.05 24.40 5611-52040 POSTAGE & FREIGHT 980.00 0.00 0.00 26.69 0.00 953.31 2.72 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-52810 FOOD SUPPLIES 2,250.00 66.83 0.00 1,070.39 0.00 1,179.61 47.57 5611-52990 OTHER _ 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 TOTAL SUPPLIES 13,730.00 111.03 0.00 2,439.03 0.00 11,290.97 17.76 MATERIALS FOR MAINTENANC 5611-54630 TOOLS & 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 2,920.66 0.00 79.34 97.36 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 2,920.66 0.00 79.34 97.36 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 1,11- 261.00 76,366.29 0.00 725,688.83 0.00 449,592.17 61.75 5611-56040 SPECIAL SERVICES 311,631.0(1 15,818.06 0.00 232,758.57 0.00 149,092.43 60.96 5611-56080 ADVERTISING I.14, 100,011 3,655.00 0.00 36,436.00 0.00 108,264.00 25.18 5611-56090 COMMUNITY DEVELOPMENT -2,000.011 1,161.99 0.00 31,405.31 0.00 20,594.69 60.39 5611-56110 COMMUNICATIONS „3511.00 504.24 0.00 7,643.58 0.00 1,706.42 81.75 5611-56180 RENTAL 20, i26-.00 4,694.00 0.11(1 26,699.42 0.00 2,628.58 91.04 5611-56210 TRAVEL & TRAINING 1F1,848.0�, 552.06 0.00 34,391.56 0.00 4,456.44 88.53 5611-56250 DUES & SUBSCRIPTIONS 21,813.O0 4,663.23 0.00 16,016.63 0.00 5,856.37 73.23 5611-56310 INSURANCE 1, 310.010 0.00 0.1)0 3,266.43 0.00 1,043.57 75.79 5611-56510 AUDIT & LEGAL SERVICES 11,0.0.00 2,280.00 O.00 28,090.49 0.00 4,919.51 85.10 5611-56570 ENGINEERING/ARCHITECTURAL •12,86.3.O0 1,989.50 0.01) 42,375.07 0.00 487.93 98.86 5611-56610 UTILITIES-ELECTRIC 2,4[70-9:1 166.85 0.00 1,395.48 0.00 1.,004.52 58.15 TOTAL CONTRACTUAL SERVICES 1,935,814.00 111,851.22 0.00 1,186,167.37 0.00 749,646.63 61.27 8-11-2017 04:53 PM CITY OF WYLIE PAGE: 4 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 2017 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET a OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET DEBT SERVICE & CAP. REPL 5611-57110 DEBT SERVICE 1,910,906.00 0.00 0.00 0.00 0.00 1,910,906.00 0.00 5611-57410 PRINCIPAL PAYMENT 0.00 1,048,018.85 0.00 1,545,817.42 0.00 ( 1,545,817.42) 0.00 5611-57415 INTEREST EXPENSE 0.00 16,906.11 0.00 168,668.10 0.00 ( 168,668.10) 0.00 5611-57710 BAD DEBT EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL DEBT SERVICE & CAP. REPL 1,910,906.00 1,064,924.96 0.00 1,714,485.52 0.00 196,420.48 89.72 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 0.60 0.00 0.00 0.00 0.00 5611-58150 LAND-BETTERMENTS 0.00 D.00 0.00 0.00 0.00 0.00 0.00 5611-58210 STREETS & ALLEYS 686,700.00 0.00 0.00 490,644.68 0.00 196,055.32 71.45 5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-58810 COMPUTER HARD/SOFTWARE 5,000.00 0.00 0.00 3,677.28 0.00 1,322.72 73.55 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 7.00 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 0.00 0.00 494,321.96 0.00 531,317.04 48.20 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 0.01') n.00 0.00 0.00 0.00 0.00 0.00 5611-59430 TRANSFER TO CAPITAL PROJ FU 0.0u: 1.00 0.00 0.00 0.00 0.00 0.00 5611-59990 PROJECT ACCOUNTING 0.0^. 0.00 0.00 0.00 0.00 0.00 TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL DEVELOPMENT CORP-WEDC 5,283,711.00 1,207,456.24 0.00 3,717,089.92 0.00 1,566,626.08 70.35 TOTAL EXPENDITURES 5,283,711.00 1,207,456.24 0.00 3,717,084.92 0.00 1,566,626.08 70.35 REVENUE OVER (UNDER) EXPENDITURES ( 992,623.00) ( 968,279.19) 0.00 1,028,434.64 0.00 ( 2,021,057.64) 103.61- *** END OF REPORT *** 6J-1 -.::(U : 4:b5 PM 0 ETAT :. LISTING PACE: 1 :711NU : 1.11-WYLiE E1ON0M1..- ;1JEVEL Chill PERLA. ill 71SE: TAI-1,..-J11 VERN :I.:H2.131i Ill DEVELOPMENT COPP-NEDC ACCOUNT.::: (1611-'-.2)10 TflKU 5611-59E0 POST PATE TRAN It REFERI'.NCE PACKET-, • ',E-JE1SITT10N-, •• UZMD INV/JE 1( NOTE AMOUNT- • FIALANC11---- 5C:11-S2010 OFFICE SUPPLiEI; FIE. ! NNIN1; n .!,. A V /.: E 1,29.. :5 -'.118.11.1 :/18 A9.14SC cn: r.160621:, 6:111..3 ROOF 81127iN1;-ICAN CI.AS. D00392 25999 WED 44.21 1, 111.11 11:1.Y ACTIVITY U.: 44.21 CR: Py.'.-M 44.:-...1 TAGE .% F16E776117 R :7 .IIONINI; R A I. A N C '.,. b611- 2110 TOOLE/ EQUIP (NON-CAPITAL) RE ..r. ENNIN :1 R A 1 A N L! F. 0.1.10 11611,- ?!6:1 Toots/ EQIIii - (111111-6)92. BP ..;—iNNINij F.1 A A N '.7 R II.00, 5(;11- .2.51.1 Fill. :,111-PLI:"-1. R 0 C; 1 N P I N :.: RAL 1 NCR 1,003.51, .',19/1-: 8/11 2.5-.114.3. L(114.0 .7,72'/2o., WED:: '..) MT:I. MEAL .1E6 02700i 21.06 1,11:11.162 I,]:rn 1/19 All II) D-r: 000...191 '32081 WED!: EIIARF MT::: .J.E,7..I. 000Ri 7 8.;:.17 :3171.1. kr/fIANT 1.!., 1,04.1.Iq 119/11 ).'19 MI.`,82 OFT:. 3)029 92.1181 KTT:::1 ..O.:Pt, - .:....V3 oonc,. ? 8211 JULL ...16:.;ANT 15.1,1 1,359.9F, :/19/11 1/!'-: P0].5=12 OFT: 1110.661 ) 1 WED!: :.)ARE. M1,1,. MEAL 020912 :1277 JUL I. WiCANT 10.'33 .• -•—••—• •-:- JULY ACTIVITY FIR: 66.8?; CR: 0.00 0E..61 5611-52990 OTHER R E,. “ I N N I N ,,: ,1 A T. !, N .:: E - 1111-:.14631 TOC.I.:,. !. RO1i7.FARNT RE11INUING 13 A 1. A El C R 0.011 b1611-.,4e10 COMPUTER HARDP-iORTWARE F E (i ] N 1.1 I N ,; 4 A k N ': R 0,92:1. . W,11-14940 oTIIER b: ,. INNIN :.; 168L. 2. N0 E 0.:111 8-11-2017 4:55 PM DETAIL LISTING PAGE: 2 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jul-2017 THRU Jul-2017 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE==== 5611-56030 INCENTIVES BEGINNING BALANCE 699,322.54 7/05/17 7/13 B57276 Misc 070517 16039 JE26821 WOODBRIDGE SLS TAX REI JE# 026821 53,000.03 702,322.57 7/31/17 7/31 A92350 CHK: 090864 92369 CSD SALES TX REIMB 003990 072517 WEDC 23,366.26 725,688.83 JULY ACTIVITY DB: 76,366.29 CR: 0.00 76,366.29 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 216,940.51 7/11/17 7/11 A90565 CHK: 090329 91842 HWY 78 N LOT CLEANUP 003627 1214 WEDC 150.00 217,090.51 7/11/17 7/11 A90592 CHK: 090345 91844 MOW HWY 78 001173 061917 WEDC 235.00 217,325.51 7/11/17 7/11 A90592 CHK: 090345 91844 FM 544 GTEWAY CLN-UP 001173 061917 WEDC 200.00 217,525.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-UDOH 001173 062917 45.00 217,570.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-COOPER CORNER 001173 062917 60.00 217,630.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-DUAL PROD 001173 062917 60.00 217,690.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-COOPER BY WAGS 001173 062917 60.00 217,750.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-KIRBY BRK BLD LO 001173 062917 120.00 217,870.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-KRBY LOT BY BLDG 001173 062917 120.00 217,990.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOW-KIRBY COW LOT 001173 062917 120.00 218,110.51 7/14/17 7/14 A91293 CHK: 090563 91980 MOWHWY 78 FRONTAGE 001173 062917 175.00 218,285.51 7/17/17 7/17 A91313 CHK: 090567 91988 544 SILT FENCE 004684 28137 3,210.00 221,495.51 7/21/17 7/21 A91705 CHK: 090658 92142 JANITORIAL SERVICE-JULY 002330 5294 157.50 221,653.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-UDOH 001173 071417 WEDC 45.00 221,698.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-COOPER NXT WAGS 001173 071417 WEDC 60.00 221,758.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-CPP[ER - CURVE 001173 071417 WEDC 60.00 221,818.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW - DUEL PROD 001173 071417 WEDC 60.00 221,878.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-COMM PST OFC LOT 001173 071417 WEDC 180.00 222,058.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-HWY 78 001173 071417 WEDC 175.00 222,233.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-KIRBY BRICK BLDG 001173 071417 WEDC 120.00 222,353.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-KIRBY LOT/STRIP 001173 071417 WEDC 120.00 222,473.01 7/25/17 7/25 A91987 CHK: 090770 92228 MOW-LOT NXT TO R&R 001173 071417 WEDC 120.00 222,593.01 7/26/17 7/26 A92042 CHK: 090783 92247 CONSULT 605 COMM-APAR 004337 24356 01459.001 174.25 222,767.26 7/26/17 7/26 A92042 CHK: 090783 92247 CONSULT 605 COMM-RAP 004337 24356 01459.001 1,558.35 224,325.61 7/26/17 7/26 A92042 CHK: 090783 92247 CONS 605 COMM-SOIL EXCAV 004337 24356 01459.001 993.00 225,318.61 7/26/17 7/26 A92043 CHK: 090783 92247 CONSULT HWY 78-VCP 004337 24357 01459.008 501.50 225,820.11 7/26/17 7/26 A92044 CHK: 090783 92247 CONSULT KIRBY-SOIL MGMT 004337 24358 01459.009 906.25 226,726.36 7/26/17 7/26 A92045 CHK: 090783 92247 CONSULT HWY 78 - VCP 004337 24506 01459.008 2,651.75 229,378.11 7/26/17 7/26 A92046 CHK: 090783 92247 CONSULT KIRBY-SOIL MGMT 004337 24507 01459.009 2,791.46 232,169.57 7/26/17 7/26 A92047 CHK: 090783 92247 CONSULTING 605 COMM-RAP 004337 24578 01459.001 589.00 232,758.57 JULY ACTIVITY DB: 15,818.06 CR: 0.00 15,818.06 i 8-11-2017 4:55 PM DETAIL LISTING PAGE: 3 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jul-2017 THRU Ju1-2017 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE==== 5611-56080 ADVERTISING BEGINNING BALANCE 32,781.00 7/17/17 7/17 A91344 CHK: 090582 92001 IN & AROUND AD-JULY 000391 14675 WEDC 1,555.00 34,336.00 7/25/17 7/25 A91986 CHK: 090775 92228 WHS FTBL PROGRAM 001164 072417 WEDC 600.00 34,936.00 7/31/17 7/31 A92377 CHK: 090882 92375 CONNECTION - JUNE/JULY 000468 8293 WEDC 1,500.00 36,436.00 --_--- JULY ACTIVITY DB: 3,655.00 CR: 0.00 3,655.00 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 30,243.32 7/03/17 7/03 A90006 CHK: 090232 91605 ST. JOHN FUNERAL PLANT 000386 9791 WEDC 61.99 30,305.31 7/17/17 7/17 A91303 CHK: 090564 91988 CHILD. ADVOC. SPONSOR 000105 061617 500.00 30,1305.31 7/25/17 7/25 A91986 CHK: 090775 92228 WHS ATHLET. SPONSOR 001164 072417 WEDC 500.00 31,305.31 7/28/17 7/28 A92294 CHK: 090850 92345 BLUE GRASS SPONSORSHIP 001076 251 WEDC 100.00 31,405.31 JULY ACTIVITY DB: 1,161.99 CR: 0.00 1,161.99 5611-56110 COMMUNICATIONS BEGINNING BALANCE 7,139.34 7/11/17 7/11 A90568 CHK: 090334 91842 INTERNET SERV - WEDC 004568 2101577989 J025-JL 202.30 7,341.64 7/18/17 7/18 A91483 CHK: 090623 92063 TABLET SERV-WEDC JUN17 001797 82249879907 WEDC 113.97 7,455.61 7/19/17 7/19 A91562 DFT: 000391 92079 TELEPHONE SERVICE 000912 8277 JUL17 SATTER 187.97 7,643.58 JULY ACTIVITY DB: 504.24 CR: 0.00 504.24 5611-56180 RENTAL BEGINNING BALANCE 22,005.42 7/10/17 7/10 A90506 CHK: 090321 91827 RENT JULY 003231 070717 ,--,,i.r•f, 24,255.42 7/18/17 7/18 A91402 CHK: 090588 92030 COPIER RENTAL 003509 99497 ��).Lii( 24,449.42 7/20/17 7/20 A91639 CHK: 090648 92102 WEDC AUG RENT 003231 071717 AUG WEDC ,250.00 26,699.42 __= JULY ACTIVITY DB: 4,694.00 CR: 0.00 4,694..10 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 33,839.50 7/12/17 7/12 A90741 CHK: 090375 91875 063017 PARKING 004514 063017 TAXI/PK 96.00 51,r1S ^. 7/12/17 7/12 A90741 CHK: 090375 91875 063017 TAXI 004514 063017 TAXI/PK 15.00 i ,970. ? 7/19/17 B/11 B57643 16130 JE27003 CLUB CORP DUES JE# 027003 695.23CR ?3,:5`1.2-, 7/19/17 8/11 B57643 16130 JE27003 WEDC BD MTG MEAL JE# 027003 27.06CR . ,22R.2_ 7/19/17 7/19 A91517 DFT: 000391 92072 TEDC WEBNR REG-GREIN 000912 8277 JUL17 GREINER 79.00 33,3O7.21 8-11-2017 4:55 PM DETAIL LISTING PAGE: 4 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jul-2017 THRU Jul-2017 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET------DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE==== 7/19/17 7/19 A91562 DFT: 000391 92079 TEDC-MEAL-SATTERWHIT 000912 8277 JUL17 NATTER 13.00 33,320.21 7/19/17 7/19 A91562 DFT: 000391 92079 TEDC MEAL-SATTERWHI 000912 8277 JUL17 SATTER 18.40 33,338.61 7/19/17 7/19 A91562 DFT: 000391 92079 TEDC PARK-SATTER 000912 8277 JUL17 SATTER 25.98 33,364.59 7/19/17 7/19 A91562 DFT: 000391 92079 TEDC HOTEL-SATTER 000912 8277 JUL17 SATTER 210.51 33,575.10 7/19/17 7/19 A91562 DFT: 000391 92079 PROJ UP-BROK & SATTE 000912 8277 JUL17 SATTER 22.73 33,597-83 7/19/17 7/19 A91562 DFT: 000391 92079 CLUB CORP-DUES 000912 8277 JUL17 SATTER 695.23 34,293.06 7/19/17 7/19 A91562 DFT: 000391 92079 PROJ UP - MANSON/SAT 000912 8277 JUL17 SATTER 33.00 34,326.06 7/19/17 7/19 A91562 DFT: 000391 92079 WEDC BOARD MTG MEAL 000912 8277 JUL17 SATTER 27.06 34,353.12 7/19/17 7/19 A91562 DFT: 000391 92079 BUS MTG-PARKR/HERZOG 000912 8277 JUL17 SATTER 38.44 34,391.56 - --- -- JULY ACTIVITY DB: 1,274.35 CR: 722.29CR 552.06 5611-56220 PROFESSIONAL TRAINING BEGINNING BALANCE 0.00 5611-56250 DUES & SUBSCRIPTIONS BEGINNING BALANCE 11,353.40 7/18/17 7/18 A91482 CHK: 090624 92063 MEMBERSHIP 2017-18 000832 69 WEDC 3,368.00 14,721.40 7/19/17 8/11 B57643 16130 JE27003 CLUB CORP DUES JE# 027003 695.23 15,416.63 7/19/17 7/19 A91582 DFT: 000391 92081 TEDC MEMRSHP-SATTER 000912 8277 JUL17 WYGANT 500.00 15,916.63 7/19/17 7/19 A91582 DFT: 000391 92081 ICSC DUES-SATTER 000912 8277 JUL17 WYGANT 100.00 16,016.63 JULY ACTIVITY DB: 4,663.23 CR: 0.00 4,663.23 5611-56310 INSURANCE BEGINNING BALANCE 3,266.43 5611-56510 AUDIT & LEGAL SERVICES BEGINNING BALANCE 25,810.49 7/25/17 7/25 A91974 CHK: 090762 92228 ATTY-GENERAL PA AGRM 000023 18 2793-OO18M WEDC 120.00 ..=,,ti+D.49 7/25/17 7/25 A91975 CHK: 090762 92228 ATTY-CFA 000023 18 2793-0071M WEDC 1,880.00 1',8:11.45 7/25/17 7/25 A91976 CHK: 090762 92228 ATTY-FIREBIRD 000023 3 2793-0077M WEDC 80.00 7+,8(,D.40 7/25/17 7/25 A91977 CHK: 090762 92228 ATTY-CITIZEN INQ. 000023 95 2793-0001M WEDC 200.00 3q, I90.4,' -- -= JULY ACTIVITY DB: 2,280.00 CR: 0.00 2,280.00 5611-56570 ENGINEERING/ARCHITECTURAL BEGINNING BALANCE 40,385.57 7/11/17 7/11 A90588 CHK: 090338 91844 544/SANDN-ENGINEER 000196 1703D WEDC 1,387.50 41,773.07 7/11/17 7/11 A90588 CHK: 090338 91844 544/SANDN-BOYD HYDRO 000196 1703D WEDC 602.00 42,375.07 - - ----_-_-- JULY ACTIVITY DB: 1,989.50 CR: 0.00 1,989.50 8-11-2017 4:55 PM DETAIL LISTING PAGE: 5 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jul-2017 THRU Jul-2017 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT==== ====BALANCE==== 5611-56610 UTILITIES-ELECTRIC BEGINNING BALANCE 1,228.63 7/18/17 7/18 A91399 CHK: 090591 92030 UTILITIES ELEC -WEDC 003302 1171655189 MAY17 125.77 1,354.40 7/18/17 7/18 A91400 CHK: 090591 92030 UTILITIES-WATER WEDC 003302 122104001 MAY17 28.21 1,382.61 7/18/17 7/18 A91401 CHK: 090591 92030 UTILITIES-GAS WEDC 003302 3029287066 MAY17 12.87 1,395.48 • -- - •••---- JULY ACTIVITY DB: 166.85 CR: 0.00 166.85 5611-57110 DEBT SERVICE BEGINNING B A LAN C E 0.00 5611-57410 PRINCIPAL PAYMENT BEGINNING BALANCE 497,798.57 7/11/17 7/27 B57476 Bnk Dft 071117 16077 JE26901 PEDDICORD/WHITE PMT 31 JE# 026901 ir,.3'i)0.', 7J1,15,.!7-• 7/11/17 7/11 A90670 CHK: 090362 91857 PRINC. PAY-LOAN 88157334 003207 88157334 ,000,000.00 ].,50.3,181.17' 7/14/17 7/27 B57477 Bnk Oft 071417 16078 JE26902 WB PKWY PMT #35 JE# 026902 !1,V., .“! 1,',!'0,!56.44 7/21/17 7/28 B57495 Bnk Dft 072117 16082 JE26915 EDGE PMT #13 JE# 026915 ii,'JJh.2., _,5r.:.,i19. 77 7/21/17 7/28 B57496 Bnk Dft 072117 16082 JE26916 JARRARD PROPERTY #7 JE# 026916 2,H20.21 1.,=29,11-7.1 7/21/17 7/28 B57498 Bnk Dft 072117 16082 JE26918 BUCHANAN PMT #35 JE# 026918 6, '',?. ?2 1,535,R'0.6: 7/28/17 8/03 B57562 Bnk Dft 072817 16112 JE26966 HUGHES/RANDACK PMT #56 JE# 026966 9,331. +6 ,5-1 ,81'.42 JULY ACTIVITY DB: 1,048,018.85 CR: 0.00 1,035,0117.1.`� 5611-57415 INTEREST EXPENSE BEGINNING BALANCE 151,761.99 7/11/17 7/27 B57476 111,1 DI!. 071!1 1 7 6•0:111 .F...i,90: PEDDICORD/WHITE PMT 31 JE# 026901 1,991.86 1 53, .'S3.8S 7/14/17 7/27 B57477 17 k. O!. 71 71 11 ' :6079 .SF,2G602 WB PKWY PMT #35 JE# 026902 1,270.63 l ',,O%4.48 7/21/17 7/28 B57495 A:Lk 1:7t. 012;17 :608.' ,11: 6°71., EDGE PMT #13 JE# 026915 5,153.54 170,1 111 02 7/21/17 7/28 B57496 Bnk ❑:t 01211 1608? .3Fii:919 JARRARD PROPERTY #7 JE# 026916 1,079.94 191,217.06 7/21/17 7/28 B57497 17,,k Di! :17.. 1 ? 16'192 :1:269: ' DALLAS WHIRLPOOL PMT#8 JE# 026917 6,666.67 IE. ,?�4.63 7/21/17 7/28 B57498 Ank Dr: [17.: 11 '908. .i[•:27 .i9 BUCHANAN PMT #35 JE# 026918 574.23 16?,485.66 7/28/17 8/03 B57562 Bail: list 012811 1.;112 .1E26066 HUGHES/RANDACK PMT #56 JE# 026966 169.24 1C8,C.69.13 • • - --•- - di.".,Y P.,:TTV7'-Y DB: 16,906.11 CR: 0.00 16,906.11 5611-57710 BAD DEBT EXPENSE BEGINNING BALANCE 0.00 f•8'i.fit;'�ki8`r: '�.)[::+`i'151 �:•!IJ[1:i dNn:! '1VmOL c:-L•Z'L�?. :''7r`. 'fF+?'S :;:i=r:J�'1 41 �rtJ_r.Eti:� :n.LT:tiI.:`V !'.+'']L[1'�f ii;. _,..J!•:HIiL ``--�'-JI[ti;Ji` 4i .Sy10.:36.? ., E] ..ri:)x' :_ ij00 .-.-.- .-.-.-. .-.-. r1 V ;J N 1 :; to 1 :J . e. i.:!i'i; :1 !1 V ": V t: `.) :J 1 :J !4 1 :5 :s ti ti:?i•I:iS ti�'.•'J.:rJV�' E•S l'H",—i:�]L b J'f•t, 'f;is 'A1 ", :1 4 00'0 3 N 0 '1 L' Cl :1 J i. V +. ::1 -i I :E r! . `"! 0 :.r:3HE.S+"13r1:in CC.78 -17_ o£-ti.;.C'�e[•'C _ r1 V '1 V G .a I P[ [J I !:r n c]:1KV'1L'-u ".--Nl][1 V --•- ;].i.L'!J q ::[•.r.rdi rlr:1/] -. .... ...N[:1,i.,I: I- "••.jJ:: V1 .].S[i.i +1JL:-ddU:7 .:.:J;Siii.7in:•1':'s i ir: LICjZ-i''r !lt!:y iL'Z t E: OL11 :r: ! Id:: 1ZA'AQ ❑r]n3 9 !JLlV,.. i] 1 1 `"; 1 ., 'I V L. :I [1 :ic[ SS::' 5-1!-2ci:. ,. PM !i F T A F i. T. SELECTION CRITFD.t 1 / Soo-Jp 1 7 PERIOD T[) USE: .7.:1 11 :ii°li TRA tiST€'TIC:N::; BOTI1 P.:':'i!i]NT ::ELEt" ioN A:.:cr!!•K- FNu : "r=R€' .+ii1-;1910 i)EVARTMENT RANGE: - THRi' - ACTIVE =LW;L'°; u:•]LY_ No :?•:'TILT: ,...';':;!:t!T ONLY: ND :'s.F.L CTION; T'i it]i rihTFONS f ETAT:. i'i•:iT AiNOUNTS WI'!':: ND .::?'iL'i7'Y: No PS i NT KNCUNT;RP TCfS: P!O PRINT vEFIIXN: t!,1���•:: N;) PRINT PR::.JNi'T : No PRINT JOURNAL EN:'R'? NOTES: ND PRINT :v,.-)N•:1i.Y :1:•T.•l€„7: YE:. MINT C:RA1n No PRINT: INVOICE IION NOCIS BY: NOON Wylie Economic Development Corporation Balance Sheet Sub Ledger July 31, 2017 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance July 1, 2017 5,446,802.26 ANBTX-88130968 HUGHES/RANDACK(#56 of 60) 10/23/12 10,107.00 50,814.52 9,937.76 169.24 3.99 40,876.76 ANBTX-88130976 WOODBRIDGE PKWY (#35 of 60) 8/15/14 13,267.93 584,644.65 11,997.30 1,270.63 2.61 572,647.35 ANBTX-88148481 BUCHANAN(#35 of 60) 8/13/14 7,331.95 182,777.52 6,757.72 574.23 3.77 176,019.80 ANBTX-88149711 PEDDICORD/WHITE(#31 OF 120 12/12/14 7,382.45 569,102.09 5,390.59 1,991.86 4.20 563,711.50 ANBTX-88158043 K&M/HOBART(#22 of 48) 9/2/15 8,745.25 225,449.33 7,993.75 751.50 4.00 217,455.58 ANBTX-88157334 LINDUFF/EDGE(#13 of 15) 10/21/15 17,059.81 1,546,031.22 1,011,906.27 5,153.54 4.00 534,124.95 ANBTX-88158357 DALLAS WHIRLPOOL(#8 of 60) 11/22/16 6,666.67 2,000,000.00 0.00 6,666.67 4.00 2,000,000.00 JARRARD GRAYS AUTO(#7 OF 120) 12/1/16 3,109.15 287,982.93 2,029.21 1,079.94 4.50 285,953.72 July 31, 2017 $1,056,012.60 $17,657.61 4,390,789.66 Wylie Economic Development Corporation Inventory Subledger July 31, 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. Ind Ct-Hwy 78 7/06 - 12/16 Ind Ct-Hwy 78 3.32 32,893 3,900 2,228,799 2,228,799 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 25.37 $876,959 44,974 $8,239,603 $8,239,603 *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. (**) Costs Basis adjusted for partial sale of property (.28 acres or 22.76% of the property at a cost basis of$170,755.53). WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report June 2017 DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT 07/03/17 Cytracom 187.97 Telephone Service N/A 06/08/17 Jaspers 13.00 TEDC Meal Satterwhite 06/09/17 Marriott 18.40 TEDC Meal Satterwhite 06/09/17 Marriott 25.98 TEDC Parking Satterwhite 06/09/17 Marriott 210.51 TEDC Hotel Satterwhite 06/13/17 Pho Street 22.73 Proj. Update Satterwhite, Brokaw 06/15/17 Club Corp 695.23 Dues n/a 06/15/17 Fish City Grill 33.00_ Prof. Update Satterwhite, Manson 06/19/17 Shoemaker& Hardt 27.06 WEDC Board Mtg. Meal WEDC Board 06/30/17 Cotton Patch 38.44 Bus. Mtg Satterwhite, Parker, Herzog TOTAL 1,272.32 WEDC Assistant Director JPMorgan Chase Expense Report June 2017 DATE VENDOR PURPOSE AMOUNT 6/29/17 TEDC Webinar Registration 79.00 Total 79.00 WEDC Senior Assistant JPMorgan Chase Expense Report June 2017 DATE VENDOR PURPOSE AMOUNT 6/6/17 TEDC Membership Renewal -Satterwhite 500.00 6/9/17 ICSC ICSC Dues-Satterwhite 100.00 6/20/17 Kroger WEDC Board Mtg Meal 13.57 6/21/17 McDonalds WEDC Board Mtg Meal 10.53 7.2.17 Sams Club Kitchen Supplies-Cups 15.67 Total 639.77 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 710-711 Cooper $400 11/29/16 12/22/16 1/25/17 2/27/17 3/22/17 4/27/17 5/25/17 6/23/17 7/25/17 Wheels Unlimited 15th 605 Comm-Ste 201 $1,400 12/22/16 1/19/17 2/14/17 3/13/17 4/17/17 5/19/17 6/7/17 6/30/17 7/18/17 � 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� 6/5/17� 7/3/17 7/26/17 Dennis Richmond 1st Steel Rd $500 12/14/16 1/10/17 2/20/17 3/6/17 4/13/17 5/3/17 6/8/17 7/10/17 8/7/17 half2 Half.. � ~ Austin/Said LLC 1st 605 Commerce $2,000 12/27/16 2/11 3/17 3/17/17 4/13/17 5/12/17 6/16/17 7/11/17 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 6/16/17 7/11/17 DCU 1st y900 Kirby $3,400 1/1O/17r 1/6/17 1/27/17 2/23/17 3/24/17 4/28/17 5/26/17 6/30/17 7/28/17 Auto Hail 1st _908 Kirby $3,000 12/9/16 n/c n/c n/c n/c 5/8/17 6/1/17 6/30/17 Out Delta-E 1st 201 Industrial Ct $800 1/6/17 1/25/17 2/23/17 3/23/17 4/24/17 5/22/17 6/20/17 7/24/17 (*)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 AUGUST 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% JUNE 161,426 180,194 191,732 11,538 6.40% JULY 159,973 212,620 223,571 10,951 5.15% AUGUST 216,962 268,976 261573 -7,403 -2.75% SEPTEMBER 195,347 197,339 OCTOBER 160,876 201,506 NOVEMBER 226,078 270,426 Sub-Total $2,191,785 $2,481,757 $1,953,037 $140,551 7.75% AUDIT ADJ TOTAL $2,191,785 $2,481,757 $1,953,037 $140,551 7.75% WEDC SALES TAX ANALYSIS $300,000 $250,000 - - - $200,000 - - - ::: • - - $50,000 - n$0 i i E - F F 1 - i t { 3 a' Z r = >. 2 w m m a) ai , ti o- O o CIz Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive 1)i recto cr SUBJECT: McMillan Contract DATE: August 11, 2017 Issue Consider and act upon issues surrounding a Real Estate Sales Contract between the WEDC and Patsy Jo McMillan and Margaret McMillan for the purchase of property located at 105 N. Jackson Street. Analysis On August 21, 2017, McMillan will begin demolition of the improvements located at 105 N. Jackson as called for within the First Amendment to Real Estate Contract. While demolition should be complete within two days, the contract calls for completion prior to expiration of the Feasibility Period which is August 24, 2017. Closing will be no later than August 29th per the Contract. The Board will recall that staff executed an extension of the Feasibility Period to allow McMillan additional time to remove belongings and negotiate Seller's responsibility to remove the existing improvements. Recommendation Staff recommends that the WEDC Board of Directors ratify the First Amendment to Real Estate Sales Contract, and further authorize President Marvin Fuller to execute all documents necessary to effectuate closing documents necessary to purchase property located at 105 N. Jackson Street. Attachments Real Estate Contract First Amendment REAL ESTATE SALES CONTRACT STATE OF TEXAS COUNTY OF COLLIN THIS REAL ESTATE SALES CONTRACT (this "Contract") is made by and between PATSY JO MCMILLAN and MARGARET MCMILLAN, 105 N. Jackson, P.O. Box 1, Wylie, Texas 75098 ("Seller"), and WYLIE ECONOMIC DEVELOPMENT CORPORATION, 250 South Highway 78, Wylie, Texas 75098 ("Purchaser"), upon the terms and conditions set forth herein. ARTICLE I 1.01. Seller hereby sells and agrees to convey by Special Warranty Deed (the "Deed"), and Purchaser hereby purchases and agrees to pay for, that certain real estate, and any improvements located thereon, being approximately 0.257 acre, more or less, of property located at 105 N. Jackson Street, Wylie, Texas, or more specifically identified as Keller's Addition #1, Block 2, Lot 3 and the North one-half of Lot 4, City of Wylie, Collin County, Texas, which property is generally described in the attached as Exhibit A(the"Property"). Seller also sells and agrees to convey, and Purchaser hereby agrees to pay for, all and singular, the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, roads, alleys or rights-of-way, and including all rights to all oil, gas and other minerals, together with any improvements, fixtures, and personal property (notwithstanding the terms outlined in Section 8.02 d) situated on and attached to the property (all of such real property, rights, and appurtenances being hereinafter collectively 1 referred to as the "Property"), for the consideration and upon the terms and conditions hereinafter set forth. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be SEVENTY-FIVE THOUSAND AND NO/100THS DOLLARS ($75,000.00) for the gross area as determined by the survey as referenced in Section 3.03. Payment of Purchase Price 2.02. The Purchase Price shall be payable per the following: Purchaser will pay all cash at closing. ARTICLE III CONDITIONS TO CLOSING Conditions to Purchaser's Obligations 3.01. The obligation of Purchaser hereunder to consummate the transaction contemplated hereby is subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the Closing). Preliminary Title Commitment 3.02. Within twenty (20) business days after the Effective Date of this Contract, Seller, at Seller's sole cost and expense, shall have caused Lawyers Title (D. Baron Cook, Escrow Officer), 250 South Highway 78, Wylie, Texas 75098 (the "Title Company") to issue a preliminary title commitment (the "Title Commitment"), accompanied by true, correct and legible copies of all recorded documents relating to easements, rights-of-way, and any 2 instruments referred to in the Title Commitment as constituting exceptions or restrictions upon the title of Seller(the "Title Documents"). Survey 3.03. Within twenty(20) business days after the execution of this Contract, Seller shall, at Purchaser's sole cost and expense, obtain a current plat of survey ("Survey") of the Property, prepared by a duly licensed Texas land surveyor. The Survey shall be in a form acceptable to the Title Company in order to allow the Title Company to delete the survey exception (except as to "shortages in area") from the Owner's Title Policy to be issued by the Title Company. The Survey shall be staked on the ground, and the Survey shall show the location of all improvements, highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, flood plain as defined by the Federal Insurance Administration, easements, and rights-of-way on or adjacent to the Property and shall set forth the number of total gross square feet comprising the Property. Review Period 3.04. Purchaser shall have ten (10) days (the "Review Period") after Purchaser's receipt of the later of the Survey,the Title Commitment and the Title Documents to review the same and deliver in writing to Seller such objections as Purchaser may have to anything contained in them (the "Objection Notice"). In the event Purchaser states that any of the Survey, Title Commitment, Title Documents or any item therein contained, is not satisfactory, Purchaser may either: (a) terminate this Contract and have the Escrow Deposit forthwith returned to Purchaser; or (b) conditionally accept title subject to Seller's removal of any matters contained in such Objection Notice within ten (10) days from receipt of such Objection Notice (the "Title Cure Period"), in which case Seller may elect, at its sole option, to use commercially reasonable 3 d efforts to remove or insure over such objectionable matters, but shall have no duty or obligation to remove or insure over any of such objectionable matters. If Seller cannot remove or insure over such matters before the expiration of the Title Cure Period, or if Seller elects not to remove or insure over any of Purchaser's objections, then at Purchaser's election within five (5) days following the expiration of the Title Cure Period, Purchaser may terminate this Contract and have the Escrow Deposit forthwith returned to Purchaser. Failure by Purchaser to terminate this Contract on or before five (5) days after the expiration of the Title Cure Period shall be deemed to be a waiver of all then uncured title objections which shall become Permitted Exceptions (as hereinafter defined). Purchaser hereby agrees that the lien for current taxes, and any items not objected to timely by Purchaser shall hereinafter be deemed to be permitted exceptions (the "Permitted Exceptions") and Purchaser shall not be entitled to object to the status of title, the Survey or avoid the Closing because of such Permitted Exceptions. Feasibility Period 3.05. Purchaser shall have one-hundred twenty (120) days from execution of the Contract by Seller and acceptance of the same by the Title Company, within which to inspect the Property and determine if the same is suitable for Purchaser's intended use (the "Feasibility Period"). In the event Purchaser notifies Seller in writing on or before 5:00 p.m. on the last day of the Feasibility Period that Purchaser disapproves or is dissatisfied in any way with the Property, such determination to be made in Purchaser's sole and absolute discretion, then this Contract shall terminate and the Escrow Deposit (as defined in Section 6.01 below) heretofore delivered by Purchaser to Title Company shall be returned to Purchaser; provided however, that $1,000.00 of the Escrow Deposit paid to Seller as Independent Consideration (as defined in Section 6.01 below) shall not be returned to Purchaser. In the event Purchaser fails to so notify 4 Seller in writing prior to the expiration of the Feasibility Period of Purchaser's election to terminate this Contract, this Contract shall continue in full force and effect. Seller hereby grants to Purchaser during the Feasibility Period the right to enter upon the Property and conduct such tests as Purchaser deems necessary; provided that Purchaser shall indemnify, defend, and hold harmless Seller from all claims, actions or causes of action which might occur by virtue of Purchaser's entry upon or testing of the Property and provided further that Purchaser shall be responsible for all damages occasioned to the Property arising out of Purchaser's entry upon or testing of the Property. These obligations will survive the Closing or the cancellation or termination of this Agreement. Notwithstanding the delivery of the above described studies and test, if any, Purchaser acknowledges that any information of any type which Purchaser has received or may receive from Seller, or its agents, is furnished to Purchaser as a courtesy only and on the express condition that Purchaser shall make an independent verification of the accuracy of such information, all such information is being furnished without any representation or warranty by Seller as to the truth, accuracy, or completeness of such information. Environmental Study 3.06. This Contract is contingent upon the Purchaser obtaining an environmental report, at the expense of Purchaser, that indicates no environmental problems with the Property, and is otherwise acceptable to the Purchaser. In the event an acceptable environmental report is not obtained by the Purchaser as provided herein, the Purchaser shall have the right to terminate this Contract prior to expiration of the Feasibility Period by written notice to the Seller and the Escrow Deposit shall be returned by the Title Company to the Purchaser. 5 ARTICLE IV CLOSING 4.01. The closing of the purchase and sale of the Property ("Closing") shall be at the offices of the Title Company, on or before five (5) days following the expiration of the Feasibility Period of this Contract (the date of Closing being herein referred to as the "Closing Date"). 4.02. At the Closing, Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (1) General real estate taxes for the year of closing and subsequent years not yet due and payable; (2) The Permitted Exceptions; and (3) Any other exceptions approved by Purchaser pursuant to this Contract or in writing. (b) Deliver to Purchaser, at Seller's sole cost and expense, a Texas Owner's Title Policy issued by the Title Company, in Purchaser's favor in the full amount of the Purchase Price, insuring Purchaser's fee simple title to the Property, subject only to those title exceptions listed in this Contract (including the Permitted Exceptions), such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's 6 Title Policy, and containing a survey exception deletion, if requested by Purchaser and at the expense of the Purchaser, except as to shortages in area. (c) Deliver to Purchaser possession of the Property free from personal belongings. (d) Deliver to Purchaser any and all leases in Purchaser's possession. 4.03. At the Closing, Purchaser shall: (a) Deliver to Seller the Purchase Price by cashier's check, wire transfer or otherwise in immediately available funds. (b) Deliver to Seller a certified resolution of the board of directors of Purchaser, which resolution will be in full force and effect, approving this transaction and designating the person or persons authorized to sign documents on behalf of Purchaser. (c) Deliver to Seller and/or the Title Company such other documents as may be reasonably necessary or appropriate to consummate this transaction in accordance with the terms of this Contract. 4.04. All state, county, and municipal taxes for the then current year relating to the Property shall be calculated as of the Closing Date and Seller's share shall be collected by Title Company at the Closing and remitted to the appropriate taxing jurisdictions in accordance with Section 26.11 of the Texas Property Tax Code. If there is any rollback tax liability for the Real Property,the Seller will assume the responsibility for those taxes. NOTICE REGARDING POSSIBLE LIABILITY FOR ADDITIONAL TAXES If for the current ad valorem tax year the taxable value of the Property that is the subject of this Contract is determined by a special appraisal method that allows for appraisal of the Property at 7 less than its market value, Purchaser may not be allowed to qualify the Property for that special appraisal in a subsequent tax year and the Property may then be appraised at its full market value. In addition, the transfer of the Property or a subsequent change in the use of the Property may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the Property. The taxable value of the Property and the applicable method of appraisal for the current tax year is public information and may be obtained from the tax appraisal district established for the county in which the Property is located. 4.05. Each party shall pay any attorney's fees incurred by such party. All other costs and expenses of closing the sale and purchase shall be borne and paid as provided in this Contract, or if the Contract is silent, as is usual and customary for real estate transactions in Collin County, Texas. ARTICLE V REAL ESTATE COMMISSIONS 5.01. In the event a broker commission is occasioned by the consummation of this Contract,the party retaining such broker shall be responsible for all real estate commissions with respect to that broker. ARTICLE VI ESCROW DEPOSIT 6.01. Within three (3) business days following the full execution of this Contract and for the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser shall deliver to the Title Company, a check in the amount of$5,000.00 as an escrow deposit (the "Escrow Deposit") which shall apply toward the Purchase Price at Closing. Purchaser agrees that $100.00 of the Escrow Deposit is given as consideration for the Contract 8 ("Independent Consideration"), which Independent Consideration shall be applied to the Purchase Price at Closing, but shall not be returned to Purchaser in the event the Escrow Deposit is otherwise returned to Purchaser pursuant to the terms of this Contract. In the event Purchaser fails to timely deliver the Escrow Deposit to the Title Company, this Contract shall automatically terminate and be of no further force or effect and Seller shall be relieved from all liabilities or obligations hereunder. ARTICLE VII CASUALTY 7.01. All risks of loss to the Property shall remain upon Seller prior to the Closing, subject to the provisions of Section 3.06 of this Contract. If a casualty occurs, Seller may, but shall not be obligated to, restore the Property to its condition immediately prior to the casualty, and if it does not so restore the Property, then Purchaser may accept the Property in its damaged condition without reduction in the Purchase Price or terminate this Contract. ARTICLE VIII REPRESENTATIONS 8.01. As a material inducement to the Purchaser to execute and perform its obligations under this Contract, the Seller hereby represents and warrants to the Purchaser as of the date of execution of this Contract and through the date of the Closing as follows: (a) Seller is the owner in fee simple of the Property subject to the Permitted Exceptions. The Property is not subject to any lease or other agreement that creates a right of ownership or possession to a third; (b) To Seller's current actual knowledge, there are no actions, suits, or proceedings (including condemnation) pending or threatened against the Property, at law or in equity or 9 before any federal, state, municipal, or other government agency or instrumentality, domestic or foreign; (c) The Property is not in a water district; (d) To the current actual knowledge of Seller, no part of the Property has been used for or as a landfill or toxic waste site or is in a wetland protected area or FEMA flood plain as currently defined by federal law; (e) No consent or approval of any other person or entity is required in order for this Contract to be legal, valid and binding upon Seller except for any lender consent that will be obtained by Seller at or prior to Closing; (f) The execution and delivery of this Contract and the consummation of this transaction shall not constitute a violation, breach or default by Seller of any term or provision of any other instrument of which Seller is a party or to which Seller or the Property may be subject except that this transaction will require the consent of Seller's lender and a release of lien which Seller will obtain at or prior to Closing; (g) Seller is not the subject of any bankruptcy, reorganization or insolvency proceeding. EXCEPT AS EXPRESSLY PROVIDED HEREIN, IT IS UNDERSTOOD AND AGREED THAT SELLER IS NOT MAKING ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND OR CHARACTER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OR REPRESENTATIONS AS TO MATTERS OF TITLE (OTHER THAN SELLER'S WARRANTY OF TITLE SET FORTH IN THE SPECIAL WARRANTY DEED TO BE DELIVERED AT CLOSING), ZONING, TAX CONSEQUENCES, PHYSICAL OR ENVIRONMENTAL CONDITION, OPERATING HISTORY OR PROJECTIONS, VALUATION, GOVERNMENTAL APPROVALS, GOVERNMENTAL REGULATIONS OR ANY OTHER MATTER OR THING RELATING TO OR AFFECTING THE PROPERTY. PURCHASER AGREES THAT WITH RESPECT TO THE PROPERTY, PURCHASER HAS NOT RELIED UPON AND WILL NOT RELY UPON, EITHER DIRECTLY OR INDIRECTLY, ANY REPRESENTATION OR WARRANTY OF SELLER OR SELLER'S REPRESENTATIVES. PURCHASER WILL CONDUCT SUCH INSPECTIONS AND INVESTIGATIONS OF THE PROPERTY, INCLUDING, BUT NOT 10 i LIMITED TO, THE PHYSICAL AND ENVIRONMENTAL CONDITIONS THEREOF, AND RELY UPON SAME, AND, UPON CLOSING, SHALL ASSUME THE RISK THAT ADVERSE MATTERS, INCLUDING, BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, MAY NOT HAVE BEEN REVEALED BY PURCHASER'S INSPECTIONS AND INVESTIGATIONS. PURCHASER AGREES TO TAKE WHATEVER ACTION AND PERFORM WHATEVER INVESTIGATIONS AND STUDIES PURCHASER DEEMS NECESSARY TO SATISFY ITSELF AS TO THE CONDITION OF THE PROPERTY AND THE EXISTENCE OR NONEXISTENCE OF, OR CURATIVE ACTION TO BE TAKEN WITH RESPECT TO, ANY HAZARDOUS AND/OR TOXIC SUBSTANCES ON OR DISCHARGED FROM THE PROPERTY. PURCHASER ACKNOWLEDGES AND AGREES THAT UPON CLOSING SELLER SHALL SELL AND CONVEY TO PURCHASER AND PURCHASER SHALL ACCEPT THE PROPERTY"AS IS, WHERE IS", WITH ALL FAULTS AND THERE ARE NO ORAL OR WRITTEN AGREEMENTS, WARRANTIES OR REPRESENTATIONS, COLLATERAL TO OR AFFECTING THE PROPERTY BY SELLER OR ANY THIRD PARTY. FURTHER, PURCHASER HEREBY ACKNOWLEDGES TO SELLER THAT PURCHASER AND SELLER ARE NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION. THE TERMS AND CONDITIONS OF THIS PARAGRAPH SHALL EXPRESSLY SURVIVE THE CLOSING AND SHALL NOT BE MERGED THEREIN. 8.02 As a material inducement to the Seller to execute and perform its obligations under this Contract, the Purchaser hereby represents and warrants to the Seller as of the date of execution of this Contract and through the date of the Closing as follows: (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Texas and has all the requisite power and authority to enter into, deliver and perform this Contract; (b) No consent or approval of any other person or entity is required in order for this Contract to be legal, valid and binding upon Purchaser; and the execution and delivery of this Contract and the consummation of this transaction shall not constitute a violation, breach or default by Purchaser of any term or provision of any other instrument of which Purchaser is a party or to which Purchaser may be subject; (c) To Purchaser's current actual knowledge, there are no actions, suits, or proceedings pending or threatened against the Purchaser, at law or in equity or before any federal, state, 11 municipal, or other government agency or instrumentality, domestic or foreign, and Purchaser has received no written notice of same. The Purchaser is not involved in any bankruptcy, reorganization or insolvency proceeding. (d) Within the Feasibility Period, Purchaser authorizes Seller to remove any and all fixtures and personal property situated on and attached to the Property, including but not limited to any and all building materials within the structure(s), so long as the removal of said materials does not compromise the exterior walls of said structure(s) and promote unauthorized access to the structure(s) interior. ARTICLE IX BREACH BY SELLER 9.01. In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except Purchaser's default, or pursuant to a right of termination expressly granted hereunder, Purchaser may terminate this Contract and obtain the return of the Escrow Deposit as liquidated damages or pursue specific performance, as its sole and exclusive remedies. ARTICLE X BREACH BY PURCHASER 10.01. In the event Purchaser should fail to consummate the purchase of the Property,the conditions to Purchaser's obligations set forth in this Contract having been satisfied, and Purchaser being in default and Seller not being in default hereunder, Seller may either (i) terminate this Contract and receive the Escrow Deposit as liquidated damages, or (ii) obtain specific performance, as its sole and exclusive remedies. ARTICLE XI 12 MISCELLANEOUS Survival of Covenants (a) Any of the representations, warranties, covenants and agreements of the parties, as well as any rights and benefits of the parties, shall survive the Closing for a period of one (1) year (or such longer period of time as may be expressly contemplated by this Contract in the specific instance) and shall not be merged therein. Notice (b) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to the Seller or the Purchaser, as the case may be, at the address set forth herein above. Texas Law to Apply (c) This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Collin County, Texas. Parties Bound (d) This Contract shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors and assigns. This Contract is not assignable by the Purchaser without the written consent of the Seller. Nondisclosure (e) Neither party shall disclose to any person or entity (other than that party's advisors or as may be required by law) the terms of this Agreement or the identity of the parties 13 and shall not issue any press or other informational releases without the express written consent of each party. Legal Construction (f) In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. Integration (g) This Contract constitutes the sole and only agreement of the parties hereto and supersedes any prior understanding or written or oral agreements between the parties respecting the within subject matter. This Contract cannot be modified or changed except by the written consent of all the parties. Time of Essence (h) Time is of the essence of this Contract. Attorney's Fees (i) Any party to this Contract which is the prevailing party in any legal proceeding against any other party to this Contract brought under or with relation to this Contract or transaction shall be additionally entitled to recover court costs and reasonable attorneys' fees from the non-prevailing party. Gender and Number (j) Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa,unless the context requires otherwise. 14 Compliance (k) In accordance with the requirements of Section 28 of the Texas Real Estate License Act, Purchaser is hereby advised that it should be furnished with or obtains a policy of title insurance. Effective Date of Contract (1) The term "effective date of this Contract" as used herein sha 1 mean the later of the two (2) dates on which this Contract is fully signed by Seller or Purchaser, as indicated by their signatures below, which later date shall be the date of final execution and agreement by the parties. [SIGNATURE PAGE TO FOLLOW] 15 Executed on the dates set forth at the signatures of the parties hereto. SELLERS: PATSY JO MCMILLAN By: PZL- 3. (AM,- Date of Executi is 1- a..(p- 1 MARGARET MCMILLAN By: Date of I;xecutiti : _ /12,4,. f J7 PURCHASER: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Its: .-1�<<1 rl` Date of Execution: I''AE9`(`7 TITLE COMPANY ACCEPTANCE: The Title Company acknowledges receipt of the Earnest Money on and accepts the Earnest Money subject to the terms and conditions set forth in this Contract. TITLE COMPANY: LAWYERS TITLE BY: PRINTED NAME: TITLE; _ ADDRESS: Telephone_ Fax 16 FIRST AMENDMENT TO REAL ESTATE SALES CONTRACT WEDC/McMillan (105 N.Jackson Street,Wylie,Texas) TIIIS FIRST AMENDMENT TO REAL ESTATE SALES CONTRACT ("Amendment") is effective on May 18, 2017, between PATSY JO MCMILLAN and MARGARET MCMILLAN (collectively, "Seller") and WYLIE ECONOMIC DEVELOPMENT CORPORATION ("Purchaser"). WHEREAS, the parties hereto entered into that certain Real Estate Sales Contract, dated to be effective January 26,2017(the"Contract"),whereby Seller agreed to sell to Purchaser and Purchaser agreed to purchase from Seller, approximately 0.257± of an acre, known as Lot 3,Block 2 and the North '/2 of Lot 4,Block 2,situated Keller's Addition No. 1,located in Wylie,Collin County,Texas,commonly known as 105 N.Jackson Street,Wylie,Texas, together with any and all improvements situated thereon, and as further described in the Contract(the"Property");and WHEREAS, Seller and Purchaser desire to amend the Contract in certain respects as set forth below. NOW THEREFORE, in consideration of the premises, and other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, the parties agree to amend the Contract as follows: 1. Capitalized Terms. Unless otherwise defined herein, capitalized terms shall have the meaning as set forth in the Contract. 2. Feasibility Extension. Seller and Purchaser agree herein to amend the Contract to extend the Feasibility Date from Friday,May 26,2017 to Thursday,August 24,2017. 3. Purchase Price. Seller and Purchaser agree to amend Section 2.01 of the Contract to reflect the increase of the purchase price from Seventy-Five Thousand and no/100 dollars($75,000.00) to Eighty-Eight Thousand Five Hundred and no/100 dollars($88,500.00) ("Purchase Price"). As consideration for the increase of the Purchase Price, Seller agrees to remove prior to closing the improvements that are located on the Property to the reasonable satisfaction of the Purchaser. 4. Additional Escrow Deposit. Seller and Purchaser agree that upon full execution of this Amendment, Purchaser shall deposit with the title company, an additional escrow deposit in the amount of Thirteen Thousand Five Hundred and no/100 dollars ($13,500.00) ("Additional Escrow Deposit"), pursuant to Section 8.02(d) of the Contract, which Additional Escrow deposit shall be applicable to the Purchase Price at Closing. Once the work has been completed by the Seller to remove the improvements,the Additional Escrow Deposit will be non-refundable except in the event of a default by the Seller. 5. Continued Validity. Except as amended herein, each and every term of the Contract shall remain in full force and effect as originally written and executed. 6. Counterparts/Delivery. This instrument may be executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an original but all such counterparts shall together constitute one and the same agreement. The parties hereto may execute and deliver this instrument by forwarding facsimile,telefax,electronic pdf First Amendment to Real Estate Sales Contract Page 1 105 N.Jackson Street,Wylie,Texas (0.257 ac.) McMillan 1st Amendment-Final a or other means of copies of this instrument showing execution by the parties sending the same. The parties agree and intend that such signature shall have the same effect as an original signature, that the parties shall be bound by such means of execution and delivery, and that the parties hereby waive any defense to validity based on any such copies or signatures. 7. Captions. Headings of paragraphs are for convenience of reference only and shall not be construed as part of this Amendment. IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the date set forth above. SELLER(S): PATSY )MCMILLAN )7?aA4,ethei 7 fYlt. MARGAV..T MCMII.LAN PURCHASER: WYLIE ECONOMIC DEVELOPMENT CORPORATION . 1 By: �P�...-- ..- k�--' Sam Satterwhite,its Executive Director First Amendment to Real Estate Sales Contract Page 2 105 N.Jackson Street,Wylie,Texas(0.257 ac.) McMillan 1st Amendment-Final Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Directoe SUBJECT: American National Bank of Texas — Loan 8815334 - First Option to Renew and Extend DATE: August 11, 2017 Issue Consider and act upon American National Bank Loan No. 88157334 First Option to Renew and Extend. Analysis On July 31' staff presented to the Board that the Option to Renew and Extend was based upon a 12-month extension at 4%. The actual rate per the Promissory Note is Prime plus 0.75%. Based upon the current agreement with Prime currently at 4.25%, the rate going forward beginning September 23, 2017 will be 5%. Staff contacted the American National Bank (ANB) Loan Officer and indicated that while it is not guaranteed that the WEDC will sell a lot associated with this loan in the near future, serious offers are currently being considered that would generate far in excess of the outstanding loan balance of$520,715. ANB suggested that based upon our longstanding relationship, a recent $1 mm principal reduction payment, and the likelihood that the loan will be paid off prior to the next maturity date of 9-23-18, a fixed rate of prime be established for the pending extension,to be set on or about 9- 23-17. ANB clarified that an extension beyond 9-23-18 will be based upon Prime plus 0.75%. Recommendation Staff recommends that the WEDC Board of Directors rescind the Action taken on July 31, 2017 pertaining to Loan No. 88157344 and authorize the WEDC Executive Director to exercise the First Option to Renew and Extend with a new maturity date to September 23, 2018 and a fixed rate at Prime to be established on or about September 23, 2017. Attachment(s) Promissory Note PROMISSORY NOTE $1,685,000.00 'Terrell,Texas September 23,2015 FOR VALUE RECEIVED, the undersigned, The Wylie Economic Development Corporation, a Texas non-profit corporation, ("Maker"), promises to pay to the order of The American National Bank of Texas("the Bank")the sum of$1,685,000.00,together with interest on the principal balance from time to time remaining unpaid prior to maturity as set forth below(the "Note"). All sums are payable at 102 W. Moore Avenue,P. O.Box 40,Terrell, Kaufman County, Texas 75160 or such place as the holder of this Note may designate in writing. 1. Interest Rate Interest will be calculated on an initial 365/360 days accrual and will be computed from the date ofthe Note until the Maturity Date. The Interest Rate is fixed at 4.00%for the first twenty-four (24)months of this Note. If the Maker exercises one or more of its options to renew and extend this Note as described in Section 5 herein, then the Interest Rate will adjust daily on and after the Maturity Date and shall be equal to the greater of the Prime Rate as quoted in the Money Rate section of the Wall Street Journal plus three-quarters of one percent (0.75%). The Interest Rate, however, will not exceed fifteen percent(15%). Each change in the Interest Rate will be effected without notice to the Maker on the Interest Rate change date. Monthly payments of principal and interest will be adjusted from and after each Interest Rate change date. The Wall Street Prime Rate means the rate of interest per annum most recently announced in the Money Rate Section of the Wall Street Journal as the prime rate for commercial loans based on corporate loans posted by at least seventy five percent(75%) of the thirty (30) largest banks in the United States. If that rate ceases to he available, the prime interest rate shall be a reasonably comparable rate to be determined by the holder of this Note. All past-due installments of principal shall bear interest at fifteen percent(15%)per annum. During the existence of any Event of Default under this Note or under any instrument securing or evidencing the loan evidenced by this Note,the entire unpaid balance of principal shall bear interest at fifteen percent(15%) per annum. 2.Payment of Interest For the first nine(9)months of this Note,interest only payments will be due monthly in the amount of$5,616.66 beginning on October 23,2015,and continuing on the 23rd day of each month thereafter through June 23, 2016. 3. Payment for Interest and Principal Principal and interest are due and payable in fifteen (15) equal monthly installments of Seventeen Thousand Fifty-Nine Dollars and 81/100 ($17,059.81),beginning on July 23,2016 and Promissory Note September 23,2015 Page 1 continuing on the 23' day of each month thereafter until the Maturity Date when all remaining principal and accrued but unpaid interest will be due and payable. Payments will be applied first to accrued interest and the remainder to reduction of the Principal Amount. 4. Maturity Date This Note matures on September 23, 2017, when all unpaid principal and interest shall become due and payable,unless(a)the Bank has exercised its right to accelerate the maturity of this Note in the event of an uncured Event of Default by Maker or(b)the Maker has exercised its option to renew and extend this Note as provided in Section 5 of this Note. 5. Options to Renew and Extend a. First Option to Renew and Extend. If on the Maturity Date no uncured Event of Default exists, then the Lender grants the Maker an option to renew and extend this Note on the terms and conditions in the Loan Documents of even date for an additional twelve(12)months. On or before August 23, 2017, the Maker shall give the Lender written notice that it intends to exercise this option. The renewal and extension of the Note will be on the same terms contained herein except that the Maturity Date will change to September 23, 2018. b. Second Option to Renew and Extend. If on August 23, 2018 no uncured Event of Default exists, then the Lender grants the Maker an option to renew and extend this Note on the terms and conditions stated in the Loan Documents of even date for an additional twelve (12) months. On or before August 23,2018,the Maker shall give the Lender written notice that it intends to exercise this option. The renewal and extension of the Note will be on the same terms contained herein except that the Maturity Date will change to September 23, 2019. c. Third Option to Renew and Extend. If on August 23,2019,no uncured Event of Default exists,then the Lender grants the Maker an option to renew and extend this Note on the terms and conditions stated in the Loan Documents of even date for an additional twelve(12)months. On or before August 23,2019,the Maker shall give the Lender written notice that it intends to exercise this option. The renewal and extension of the Note will be on the same terms contained herein except that the Maturity Date will change to September 23,2020, 6. Security for Note This note is secured by a Security Agreement of even date herewith between Maker and Bank creating a lien upon sales and use tax revenues of the Maker. 7. Default At the option of the holder of this Note, the entire principal balance and accrued interest owing shall at once become due and payable on the occurrence at any time of any of the following Events of Default and the continuation of same for ten (10) days with respect to a payment of Promissory Note September 23,2015 Page 2 R principal or interest hereunder,and for thirty(30)days with respect to any other default,after receipt of Maker of written notice of any of the following Events of Default: (a) Default in the payment of any installment of principal or interest due under this Note or in the performance of any of the covenants or provisions of this Note,the Loan Agreement,Security Agreement,other agreement evidencing or securing the loan evidenced by this Note. (b) The liquidation,termination or dissolution of the Maker. (c) Any party liable for the payment of this Note, whether as Maker, endorser, guarantor,surety,or otherwise,suffers,makes,does,or allows to be suffered,made,or done on its behalf any of the fallowing: i. Bankruptcy or insolvency; ii. Any assignment for the benefit of creditors of any property belonging to the individual or entity in question; or iii. The appointment of a receiver for any of the property of the individual or entity in question. S. Waiver To the extent allowed by applicable law,Maker,sureties,and endorsers of this Note severally waive demand,presentment,notice of dishonor,diligence in collecting,grace and notice of protest, notice of intent to accelerate, and notice of acceleration, and agree to all renewals, extensions,and partial payments before or after maturity without prejudice to the holder. 9. Attorney's Fees If this Note is not paid at maturity and is placed in the hands of an attorney for collection,or i i'it is collected through a bankruptcy or any other court,whether before or after maturity,then the holder shall be entitled to all costs of collection, including but not limited to reasonable attorney's fees. 10. Prepayment This Note may be prepaid in part or in whole at any time without premium or penalty, provided Maker gives three (3) Business Days prior notice to Bank of such prepayment. 11. Receipt of Interest Clause All agreements between the Maker of this Note and the holder are expressly limited so that in no event shall the amount paid, or agreed to be paid, to the holder of this Note for the use, forbearance,or detention of the money to be loaned under this Note exceed the maximum amount Promissory Note September 23,2015 Page 3 permissible under applicable law. If, from any circumstances, Ililfillntent of any provision of this Note at the time performance of such provision is due shall involve transcending the limit of validity prescribed by law,then,ipso facto,the obligation to be fulfilled shall he reduced to the limit of such validity. Determination of the rate of interest for the purpose of determining whether it is within the maximum amount permissible under applicable law shall be made by amortizing, prorating, allocating, and spreading, in equal parts during the period of the full stated term of the loan, all interest at any time contracted for,charged,or received from the Maker in connection with this Note. If from any circumstances the holder of this Note should ever receive as interest an amount that would exceed the highest lawful rate,any amount that would be excessive interest shall be applied to the reduction of the principal amount owing under this Note and not to the payment of interest, or shall be refunded to the Maker of this Note. 12. Gender Words of any gender used in this Promissory Note shall be construed to include any other gender, and words in the singular number shall be held to include the plural,and vice versa,unless the context requires otherwise. 13. Governing Law and Venue This Note is being executed and delivered and is intended to be performed in the State of Texas. Except to the extent that the laws of the United States may apply to the terms hereof, the substantive laws of the State of Texas shall govern the validity, construction, enforcement and interpretation of the Note. In the event of a dispute involving this Note or any other instruments executed in connection herewith,the undersigned irrevocably agrees that venue for such dispute shall lie in any court of competent jurisdiction in Kaufman County,Texas. 14. Jurisdiction,Venue and Waiver of Trial by Jury MAKER IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY TEXAS OR FEDERAL COURT SITTING IN KAUFMAN COUNTY,TEXAS(OR ANY OTHER COUNTY IN TEXAS WHERE ANY PORTION OF THE REAL PROPERTY COVERED BY THE DEED OF TRUST IS LOCATED) OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS,AND MAKER HEREBY AGREES AND CONSENTS THAT,IN ADDITION TO ANY METHODS OF SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT,ACTION OR PROCEEDING IN ANY TEXAS OR FEDERAL COURT SITTING IN KAUFMAN COUNTY,TEXAS(OR SIJCH OTHER COUNTY IN TEXAS)MAY BE MADE BY CERTIFIED OR REGISTERED MAIL,RETURN RECEIPT REQUESTED,DIRECTED TO MAKER AT THE ADDRESS INDICATED BELOW, AND SERVICE SO MADE SHALL BE COMPLETE FIVE DAYS AFTER THE SAME SHALL HAVE BEEN MAILED. Promissory Note September 23,2015 Page 4 MAKER HEREBY AGREES NOT TO ELECT A TRIAL. BY JURY OF ANY ISSUE TRIABLE OF RI( IIT BY JURY, AND WAIVES ANY RIC KI' '1'C) 'TRIAL BY JURY. FULLY To '1'10 EXTENT 1'ENT TI TAT ANY SUCH RIGHT SUM it, NOW OR HEREAFTER EXIST WI't'WI REGARD TIIISNO'h'Is,,_:fllE DEED Ol+TRl)5'i'AND/OR ANY OTHER I,OAN t)OCtfLII�: 'l',ORANYCI,AIM,,C OUNITERCLAIM OIt MITER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER O.IS' RR;ii,L' TO) TRAIL. BY JURY IS GIVEN..I<.NOWINGI..Y AND VOI.IJNTAR1LY BY MAKER, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGITT 'I'OA TRIAL BY JURY WOULD OTHERWISE ACCRUE. PAYEE It HEREBY AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER I3Y MAKER. IN WITNESS WHEREOF, the undersigned has executed this Note as of it 2015. MAKER: WYLIE ECONOMIC DEVELOPMENT CORPORATION,a Texas non-profit corporation 14 h/-74, ,:krhi By: Marvin Fuller,President Promissory Note September 23,2015 Page 5 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director ,,/ SUBJECT: Use of WEDC Property DATE: August 11, 2017 Issue Consider and act upon issues surrounding the use of WEDC property for a public event. Analysis The WEDC property on Jackson Street is comprised of multiple lots totaling one acre with Marble Street to the north, Jackson Street to the west, Oak to the South, and the Ballard Street alley to the east. A group comprised of Landon Winery and Good Neighbor Brews (both Wylie companies) has approached the WEDC to inquire as to the potential for utilizing the WEDC property on Jackson Street for an Octoberfest event. Staff is still pulling together pertinent information on the issue and will be making an oral presentation at the Board Meeting Recommendation Staff has no recommendation at this time. Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director 7 SUBJECT: Election of WEDC Officers DATE: August 10, 2017 Issue (Remove from Table) Consider and act upon issues surrounding the Election of WEDC Officers. Analysis The Wylie City Council recently reappointed Mr. Todd Wintters to a three-year term as a Member of the Wylie Economic Development Corporation Board of Directors. Mr. Wintters has been sworn in by the City Secretary's office. On an annual basis and following the selection of WEDC Board Members by the Wylie City Council, the WEDC elects officers for the upcoming year. Provided for your review is Section V- Officers of the WEDC By-laws. Section V provides for the selection of officers and the duties of the same. In 2016 the WEDC Board of Directors elected the current officers: Marvin Fuller President Todd Wintters Vice President John Yeager Secretary Demond Dawkins Treasurer Bryan Brokaw Board Member Recommendation Staff recommends that the WEDC Board of Directors elect officers for the upcoming year. Attachment WEDC By-laws, Section V 4.14 Board's Relationship with Administrative Departments of the City Any request for services made to the administrative departments of the City shall be made by the Board of its designee in writing to the City Manager. The City Manager may approve such request for assistance from the Board when he finds such requested services are available within the administrative departments of the City and that the Board has agreed to reimburse the administrative department's budget for the costs of such services so provided. SECTION V OFFICERS 5.01 Officers of the Corporation The elected officers of the Corporation shall be a President, Vice President, Secretary, and Treasurer. The Board may resolve to elect one or more Assistant Secretaries or one or more Assistant Treasurers as it may consider desirable. Such officers shall have the authority and perform the duties of the office as the Board may from time to time prescribe or as the Secretary or Treasurer may from time to time delegate to his or her respective Assistant. Any two (2) or more offices may be held by the same person, except the offices of President and Secretary. 5.02 Selection of Officers The President and Vice President shall be elected by the Board and shall serve a term of one (1) year. On the expiration of the term of office of the President and Vice President, the Board shall select from among its Members individuals to hold such office. The term of office of the President and Vice President shall always be for a period of one year;provided,however,that the President and Vice President continue to serve until the election of their successors. The Secretary and Treasurer shall be selected by the members of the Board and shall hold office for a period of one(1)year; provided, however, that they shall continue to serve until the election of their successors. Elections shall be held at the annual meeting of the Board. Any officer meeting the qualifications of these Bylaws may be elected to succeed himself or to assume any other office of the Corporation. 5.03 Vacancies Vacancies in any office which occur by reason of death, resignation, disqualification, removal, or otherwise, shall be filled by the Board of Directors for the unexpired portion of the term of that office in the same manner as other officers are elected to office. 8 Amended 5/25/99 5.04 President The President shall be the presiding officer of the Board with the following authority: 1. Shall preside over all meetings of the Board. 2. Shall have the right to vote on all matters coining before the Board. 3. Shall have the authority,upon notice to the members of the Board, to call a special meeting of the Board when in his judgment such meeting is required. 4. Shall have the authority to appoint standing committees to aid and assist the Board in its business undertakings of other matters incidental to the operation and functions of the Board. 5. Shall have the authority to appoint ad hoc committees which may address issues of a temporary nature or concern or which have a temporary affect on the business of the Board. In addition to the above mentioned duties,the President shall sign with the Secretary of the Board any deed, mortgage, bonds, contracts, or other instruments which the Board of Directors has approved and unless the execution of said document has been expressly delegated to some other officer or agent of the Corporation by appropriate Board resolution, by a specific provision of these Bylaws, or by statute. In general, the President shall perform all duties incident to the office,and such other duties as shall be prescribed from time to time by the Board of Directors. 5.05 Vice President In the absence of the President, or in the event of his or her inability to act, the Vice President shall perform the duties of the President. When so acting,the Vice President shall have all power of and be subject to all the same restrictions as upon the President. The Vice President shall also perform other duties as from time to time may be assigned to him or her by the President. 5.06 Secretary The Secretary shall keep or cause to be kept,at the registered office a record of the minutes of all meetings of the Board and of any committees of the Board. The Secretary shall also file a copy of said Minutes with the City and the same to be given, in accordance with the provisions of these Bylaws, or as required by the Texas Open Meetings Act or the Texas Open Records Act or other applicable law. The Secretary shall be custodian of the corporate records and seal of the Corporation, and shall keep a register of the mailing address and street address, if different, of each director. 9 Amended 5/25/99 5.07 Treasurer The Treasurer shall be bonded for the faithful discharge of his/her duties with such surety or sureties and in such sum as the Board of Directors shall determine by Board resolution,but in no event shall the amount of such bond be less than an amount equal to the average of the sums which the Treasurer has access to and the ability to convert during a twelve(12)month period of time. The Treasurer shall have charge and custody of and be responsible for all funds and securities of the Corporation. The Treasurer_shall receive and give receipt for money due and payable to the Corporation from any source whatsoever, and shall deposit all such moneys in the name of the Corporation in such bank, trust corporation, and/or other depositories as shall be specified in accordance with Article VII of these Bylaws. The treasurer shall,in general,perform all the duties incident to that office, and such other duties as from time to time assigned to him by the President of the Board. 5.08 Assistant Secretaries and Assistant Treasurers The Assistant Secretaries and Assistant Treasurers,if any,shall in general,perform such duties as may be assigned to them by the Secretary or the Treasurer,or by the President of the Board of Directors. 5.09 Director of Economic Development The Corporation may employ a Director of Economic Development. The Director of Economic Development shall serve as the Chief Executive Officer of the Corporation and shall oversee all administrative functions of the Corporation. The Director shall develop policies and procedures for the Corporation including financial, accounting, and purchasing policies and procedures to be approved by the Board and City Council. 5.10 Other Employees The Corporation may employ such full or part-time employees as needed to carry out the programs of the Corporation. 5.11 Contracts for Services The Corporation may, contract with any qualified and appropriate person, association, corporation or governmental entity to perform and discharge designated tasks which will aid or assist the Board in the performance of its duties. However, no such contract shall ever be approved or entered into which seeks or attempts to divest the Board of Directors of its discretion and policy-making functions in discharging the duties herein above set forth in this section. 10 Amended 5/25/99 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Staff Report DATE: August 10, 2017 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Woodbridge Crossing, Environmental Activity Summary, 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,AMB Investments,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, Von Runnen Holdings, Wedge Corporation, and Woodbridge Crossing. Specific project updates within the Summary are as follows: Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through June 2017 within Woodbridge Crossing for the City General Fund, the WEDC, and the 4B. As a reminder,the City and WEDC reimbursed 85%of all sales tax generated within Woodbridge Crossing through September 2013 with the reimbursement percentage reduced to 65% thereafter. Due to the default under the Amended and Restated Performance Agreement, Woodbridge Crossing is only eligible to receive up to $6 million in sales tax reimbursement through September 2021 as opposed to the maximum reimbursement of $12 million originally contemplated. WEDC- Staff Report August 10, 2017 Page 2 of 3 $4,387,595.77 in reimbursement has been earned through July 2017 with net receipts of $3,633,871.93 in ad valorem taxes to the City of Wylie (excluding the WISD). As shown on the Sales Tax Reimbursement Report, $119,396.87 was generated in sales tax in May 2017 versus $110,367.95 in May 2016. This represents an 8.2% increase over 2016 receipts. Woodbridge Centre Within the Kroger-anchored center, $13,957 in sales tax was generated in May 2017 with $3,489 subject to reimbursement. May 2017 sales represent a 24% gain over 2016. As discussed at ICSC with Clark Street, a new pet supply concept has approached the City of Wylie Planning Department with a 7,800 square foot facility with frontage on Woodbridge Parkway. Lease negotiations pertaining to a second project discussed at ICSC located at the corner of Woodbridge Parkway and 544 are nearing completion. 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. Hwy 78 WEDC Pad Sites Staff is in discussion with the City of Wylie Engineering Department to relocate a water line which will most likely impact the building pad on the WEDC lot nearest to Wylie printing. The line is currently within the Industrial Court cul-de-sac. It is possible that the line may need to be relocated parallel to Wylie Printing. As reported previously, the TCEQ will issue a letter of completion in October for the VCP impacting this property. 544 Gateway Property During the above discussion with Engineering,it was determined that there may be some potential water line upgrades in 544 fronting the Gateway project which will loop service there and also better serve businesses on Cooper Drive. There is potential for water service to be significantly disrupted if there was a break in Cooper and 544 because the line is not properly looped. Staff will update the Board as more information is obtained. Regional Housing Starts Sixty homes were permitted in Wylie for the month of July 2017. Sachse, Lavon, Murphy permitted a combined twenty-six with Inspiration permitting sixteen over the same period. No action is requested by staff for this item. WEDC- Staff Report August 10, 2017 Page 3 of 3 Attachments Performance Agreement Summary W&M Activity Report Regional Housing Permits Promotional Activities 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 87,278.22 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 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 61,943.65 30,971.83 30,971.83 123,887.30 0.65 20,131.69 40,263.37 60,395.06 326,154.06 53,000.03 106,000.07 159,000.10 Apr-17 Jun-17 49,482.64 24,741.32 24,741.32 98,965.28 0.65 16,081.86 32,163.72 48,245.57 May-17 Jul-17 59,698.44 29,849.22 29,849.22 119,396.87 0.65 19,401.99 38,803.98 58,205.97 Jun-17 Aug-17 0.00 0.00 0.00 0.65 0.00 0.00 0.00 218,362.15 35,483.85 70,967.70 106,451.55 Totals 8,021,467.70 1,462,531.92 2,925,063.85 4,387,595.77 Note: Anticipated completion date for$6 mm incentive obligation -October 2019 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 35,935.03 17,967.52 17,967.52 $71,870.06 $17,967.52 Apr-17 Jun-17 5,446.64 2,723.32 2,723.32 $10,893.27 $2,723.32 Sub-Total $93,465.02 $23,366.26 May-17 Jul-17 6,978.40 3,489.20 3,489.20 $13,956.79 3,489.20 Jun-17 Aug-17 0.00 0.00 0.00 $0.00 $0.00 Jul-17 Sep-17 0.00 0.00 0.00 $0.00 $0.00 Sub-Total $13,956.79 $3,489.20 Total $1,106,733.99 $276,683.50 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 Paid C. Valuation of$900,000 2/1/2018 $20,000 AMB Investments(Taco Delite) A. Documentation of project cost of$130,000 including construction costs and acquisition of personal property. B. Documentation supporting at least$8,400 in qualified infrastructure. C. Current on all ad valorem taxes. 8/31/2017 $8,400 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 $25,0001 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 Ill -CO for 127,600 sf retail space Sales tax (completed) 3/31/2017 reimburse quarterly Outstanding Performance Agreement Summary Cumulative incentive not to exceed $1.1 mm. Phase IV-CO for 134,600 sf retail space Sales tax Reimbursement (completed) 3/31/2019 reimburse spreadsheet attached. Exco Extrusion Dies(Texas), Inc. A. CO on 30,000 sf building 2/24/2016 $87,000 Paid B. On an annual basis maintain appraised value of $7.55 mm, maintain Texas as principal place of business, employ 20 full time employees 2/24/2017 $20,000 Paid 2/24/2018 $20,000 2/24/2019 $20,000 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of $70,000 2017-2021 $350,000 Get Set, Inc. CO for 6,700 sf building and documentation of $575,000 in construction cost. 5/1/2015 1 $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 11/30/2017 $100,000 B. Quarterly incentive payment equal to Occupancy Tax paid to City of Wylie (start date mon m at CO and ending 7 years from 1st Not to exceed $600,000 payment) Start: 11/30/17 11/30/24 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 Outstanding Performance Agreement Summary 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 B. Appraised Value of$707,000 10/1/2017 1 $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 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. 2021 spreadsheet attached 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 Paid C. Valuation of$900,000 2/1/2018 $20,000 AMB Investments (Taco Delite) A. Documentation of project cost of$130,000 including construction costs and acquisition of personal property. B. Documentation supporting at least$8,400 in qualified infrastructure. C. Current on all ad valorem taxes. 8/31/2017 $8,400 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 12/31/20171 $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 Outstanding Performance Agreement Summary Cumulative incentive not to exceed $1.1 mm. Phase IV-CO for 134,600 sf retail space Sales tax Reimbursement (completed) 3/31/20191 reimburse spreadsheet attached. Exco Extrusion Dies(Texas), Inc. A. CO on 30,000 sf building 2/24/2016 $87,000 Paid B. On an annual basis maintain appraised value of $7.55 mm, maintain Texas as principal place of business, employ 20 full time employees 2/24/2017 $20,000 Paid 2/24/2018 $20,000 2/24/2019 $20,000 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of $70,000 2017 -2021 $350,000 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 11/30/2017, $100,000 B. Quarterly incentive payment equal to Occupancy Tax paid to City of Wylie (start date ^^ gym at CO and ending 7 years from 1st Not to exceed $600,000 payment) Start: 11/30/17 11/30/24 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 Outstanding Performance Agreement Summary 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 $50,0001 Patna Properties, Inc. A. CO for 4,283 sf building; documentation of $700,000 in construction costs 10/1/2016 $20,000 Paid B. Appraised Value of$707,000 10/1/2017 $10,000 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 1$340,000 in construction costs; current on ad valorem taxes; 12/31/2017 $15,000 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. 2021 spreadsheet attached W M Environmental Program Tracking Invoiced Date Descr. of Work Proj.Total 605 Commerce Project Total: 139,006.68 Phase II 4,138.75, 2/28/15 Completed I 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 I 11,569.96 VCP (Vol. Cleanup Prog) 10,324.00 6/23/15 Labor: Frank Clark; Laura Foss; Hichael Henn,James Maxwell; Paul 1 Rodusky; Mark Smith; Clay Snider; William Soderstrom; Ross 'Tucker; Michael Whitehead Contracted Amt: $38,000 3,325.80 6/23/15 'Laboratory 1,150.00 6/23/15 Supplies/Permits 690.00 6/23/15 Other Sub-contractors 4.90 6/23/15 Misc.Supplies 1,175.75 7/14/15 Labor: Frank Clark,; Clay Snider; Michael Whitehead 2,632.35 7/14/15 Drilling 9.38 7/14/15 Postage/Shipping/Delivery 32.62 7/14/15 Misc. Supplies 13.23 7/14/15 Mileage 187.50 7/14/15 Vehicle Usage P-2 361.75 7/14/15 W&M Equipment 1,425.00 8/18/15 Labor: Shan Ahmad;James Maxwell; Clay Snider 517.50 8/18/15 Laboratory 3,041.75 8/18/15 Drilling 925.75 8/18/15' Other Sub-contractors 11.16 8/18/15 Misc.Supplies 64.63 8/18/15 W&M Equipment 125.00 8/18/15 Vehicle Usage P-2 1,066.25 8/31/15 Labor: James Maxwell; Clay Snider; Michael Whitehead W M Environmental Program Tracking 893.55 8/31/15 Laboratory 521.25 9/30/15 Labor: Shan Ahmad; Mark Smith; Clay Snider 287.50 10/31/15 Labor: Clay Snider 402.50 12/15/15 Labor: Clay Snider 631.25 12/31/15 Labor: Clay Snider, Michael Whitehead 143.75 12/31/15 Other Sub-contractors 843.75 1/31/16 Labor: Michael Henn, Mark Smith, Clay Snider 1,612.50 2/29/16 Labor: Shan Ahmad, Clay Snider 1,010.85 2/29/16 Laboratory 8.24 2/29/16 Misc.Supplies 396.14 2/29/16 Vehicles/ Equipment 983.75 3/31/16 Labor: Michael Henn,Jeremiah Roy, Clay Snider 142.50 4/30/16 Labor: Jeremiah Roy, Clay Snider Labor: Shan Ahmed,James Maxwell,Antonia Pacholczuk, Paul 3,201.25 6/30/16 Rodusky,Jeremiah Roy, Michael Whitehead, Ross Zapalac 38,163.10 APAR (Affected Property Assessment Report) 805.00 7/14/15 Labor: Clay Snider Completed 87.50 8/18/15 Labor: Michael Henn Contracted Amt: $16,000 2,676.25 8/31/15 Labor: Laura Foss; Michael Henn; Clay Snider 11.73 8/31/15 Misc. Supplies 398.50 8/31/15 Vehicle usage P-2; W&M Equipment 2,880.00 9/30/15 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 1Snider 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 1,591.00 4/30/17 Labor: Jeremiah Roy, Clay Snider, Michael Whitehead 174.25 5/31/17 Labor: James Maxwell, Clay Snider 555.00 7/31/17 Labor: Frank Clark, Michael Henn, Clay Snider Total 15,576.79 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 W M Environmental Program Tracking 290.001 3/31/17 Labor: Frank Clark,Antonia Pacholczxuk 385.25 3/31/17 Subcontractors: Postage and Delivery Labor: Frank Clark, Michael Henn,James Maxwell, Michael 678.50 4/30/17 Whitehead. 1,150.00, 4/30/17 Subcontractors. Total 26,308.04 Indoor Air Sampling Contract: $3,300 470.001 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 9/30/16 Labor: Shan Ahmad 770.00 10/31/16 Labor: Michael Henn, Clay Snider, Michael Whitehead 172.50 11/30/16 Labor: Michael Henn,Joshua Hopper 45.00 1/31/17 Labor: Michael Henn 172.50 2/28/17 Labor: Michael Whitehead 704.00 3/31/17 Labor: Joshua Hooper,James Maxwell,Trey Nelson 1,761.00 4/30/1 Labor: Michael Henn,Joshua Hopper, Clay Snider 1,249.00 5/31/1 Labor: Frank Clark,Joshua Hopper, Clay Snider, Michael Whitehead 309.35 6/30/17 Laboratory, Postage, Shipping, Delivery 589.00 7/14/17 Labor: Clay Snider 38.50 7/31/17 Labor: James Maxwell 61.09 7/31/17 Subcontractors: Postage/Shipping Total: 9,614.46 Soil Excavation Contract: $19,700 93.00 1/31/17 Labor: Clay Snider W M Environmental Program Tracking Change Order: $18,500 Labor: Michael Henn,Joshua Hopper,Trey Nelson, Clay Snider, 2,643.001 2/28/17 Michael Whitehead Total Contract: $38,200 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 2,012.401 3/31/17 Nelson, Clay Snider, Michael Whitehead 15,568.98 3/31/17 Laboratory; Other Sub-contractors 748.00 4/30/17 Labor: Andrew Adams, Frank Clark, Michael Henn, Clay Snider Subcontractors: Laboratory($738.30) and Other Subcontractors 6,097.53 4/30/17 ($5359.23) 372.00 5/31/17 Labor: Clay Snider 621.00 5/31/17 Laboratory Total 30,146.18 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 11/30/161 Labor: Michael Whitehead Total: 2,702.40 Groundwater Sampling: 515.00 7/31/171 Labor: Michael Henn,Joshua Hopper, Clay Snider Contract: $3,900 515.00 RAER and Submit to TCEQ 775.00 7/31/17 Labor: Clay Snider Contract: $3,300 775.00 900-908 Kirby Project Total: 25,148.11 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 1Vehicle Usage/W&M Equipment W M Environmental Program Tracking 16,996.09 Soil Management Plan 871.00 4/30/17 Soil Management Plan: James Maxwell, Clay Snider, Michael Whitehead 544 Gateway 553.75 5/31/17 Labor: James Maxwell,Trey Nelson, Clay Snider Contract: $7,000 352.50 5/31/17 PM &Assistance: Michael Henn, Michael Whitehead 716.25 6/30/17 Labor: James Maxwell, Clay Snider 53.71 6/30/17 Supplies& Permits Project Mgmg&Assistance: Frank Clark, Michael Henn,James 2,021.50 6/30/17 Maxwell, Michael Whitehead 483.00 7/31/17 Labor: Frank Clark, Clay Snider 165.31 7/31/17 Subcontractors: Postage/shiping 135.00 7/31/17 PM &Assistance: Michael Henn 5,352.02 Hwy 78-CFA VCP Project Total: 56,866.35 Contract$68,000 1,233.00 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 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 W M Environmental Program Tracking VCP Application: Michael Henn,James Maxwell,Trey Nelson, 718.75 3/31/17 Jeremiah Roy, Michael Whitehead 1,220.14 i 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 287.50 4/30/17 Proj. Mgmt Mtgs(Michael Whitehead); Other Sub-contractors;APAR (Frank Clark, Michael Henn,James Maxell,Trey Nelson,Antonia Pacholozuk,Jeremiah Roy, Clay Snider, 2,012.50 4/30/17 Holly Stockton, Michael Whitehead) DWS(Frank Clark,James Maxwell,Jeremiah Roy, Clay Snider, 1,044.50 4/30/17 Michael Whitehead) 245.27 4/30/17 Aerials/Maps/Photos/Postage/Shipping APAR (Frank Clark, Michael Henn,James Maxell,Trey Nelson, Antonia Pacholozuk,Jeremiah Roy, Clay Snider, Holly Stockton, 5,818.25 4/30/17 Michael Whitehead) 30.74 4/30/17 Postage, Delivery,Shipping 501.50 5/31/17 Project Mgmt& Meetings: Frank Clark,James Maxwell, Clay Snider Project Mgmt& Meetings: Frank Clark, Michael Henn,Trey Nelson, 2,097.25 6/30/17 Clay Snider, Michael Whitehead 462.00 6/30/17 Labor: Trey Nelson 92.50 6/30/17 Vehicles& Equipment 284.00 7/31/17 Project Mgm & Meetings: Frank Clark, Clay Snider 1,842.50 7/31/17 Subsurface Investigation: Trey Nelson,Joshua Hopper, Clay Snider 3,090.91 7/31/17 Drilling& Laboratory 81.25 7/31/17 Vehicles& Equipment 56,866.35 Spent Contracted Total W&M Expenditures: 221,021.14 $247,000 Regional Housing Permits Wylie Lavon 09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17 January ® 28 20 16 18 14 46 9 ® January E 8 114 114 6 BE February E 18 9 is 14 20 in 4 36 February 4 EE©EE 6 ©N March 26 20 28 18 m 30 ® 43 ® March 10 8 I. 6 ©D 8 E 0 April 16 D 18 29 38 10 D 41 70 April 6 moil 24 E 11 nu May m 26 18 20 ® 26 68 101 45 May E 8 D 0 9 m 4 4 m June 36 24 19 ED 9 m 58 98 June ED 9 BEE 5 of July DE 20 19 18 29 36 34 60 July 14 E©EE 14 12 00 August In 24 16 20 19 19 30 DE August 14 D 9 6 pp 5 0 IM September 38 DDE 8 m 24 18 ■ SeptemberN 0 6 E 6 © 7 0 ■ October ®m 16 28 30 ®® 26 ■ October © 14 4 ©p 9 © 0 ■ NovemberDEE 14 18 20 MINIM November ®©BUBO 2 0 IN December®® 10 16 D 65 38 39 ■ December BEEP 4 © 6 0 ■ TOTAL ® 264 201 230E 280 483 409 ® TOTAL MCI 60 mil 100 77 ED Murphy Sachse 09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17 January © 14 4 E 26 ®D®© January Elm 14 8 D 18 14 16 4 February 0®E 14 4 Elm 4 © February 8 10 pm 8 29 17 ED March 4 ® 9 6 6 8 4 © 4 March EMI 9 Ego® 24 ED April EE 8 10 DEE 8 D April DIN 8 4 Egli 12 24 El May BEE 14 BABE 0 May 6 DEm 10 ® 6 ED June ED 6 19 ® 6 E 4 0 June ENO 8 m 14 16 38 ® 14 July DUE 16 E® 4 © 8 July DEE 14 ® 30 12 ®m August 6 E 4 EU 16 ©DIM August D 14 © 19 10 29 41 DM SeptemberDE 4 10 10 pp 6 El September®EDDUD 27 20 IM October 4 8 © 16 16 4 0 ©■ October ®m 8 UD 18 31 29 ■ NovemberEEEU©©© 6 ■ November 14 4 6 9 ED 26 Elm December 14 9 8 E® 4 0 pm December® 6 E 10 m 39 12 ME TOTAL M® 70 MEI 94 ED 20 TOTAL EEDHEIril 280 260E 103 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Tote 15 BE 10 6 mil 14 4 El 8 Elm16 10 19 m 9 Elm40 8 14 ' 13 ©M 17 10 D 26 29 18 30 16 ■IM'_ME 1 Regional Housing Permits Wylie Pending Developments Dominion of Pleasant Valley Ph 2 -62.142 Estates of Creekside -45 ac. -63 Lots, 3 open space ac 212 lots Braddock Place, Phase 2 - 185 ac. - 44 Lots J Cubed Addition 1.841 ac Kreymer Estates Phase 1 -36.475 ac. - 110 Lots Inspiration 3B-1 56.75 ac-205 lot Lewis Ranch - 53 ac. -216 Lots Bozman Farms Phase 5B -21.874 ac 74 lots Woodbridge 16 -25.083 ac. - 111 Lots Kreymer East Phase 1 -26.782 ac 86 lots Dominion of Pleasant Valley-361.4 ac. -975 Lots Inspiration Phase 3B-1 56.75 ac 205 lot Covington Estates Ph 1 - 14.308 ac. -44 lots New Haven at Wylie-3.126 ac 1 lot Bozeman Farms - 780 lots remaining (145 under cons.) Kreymer Estates 4 -27.312 ac 78 lots Alanis Crossing - Phase 1 -29.292 ac-53 Lots Stone Ranch - 38.113 ac 138 lots Braddock Place, Phase 3 -18.322 ac. - 53 Lots, 2 open space Collins Addition -6.398 ac 2 lots Wilson Creek-38 ac. 140 lots Clarimarhomes 0.281 ac 2 lots Inspiration 2B -25 ac. 76 lots Wylie ETJ Lake Park villas 26.586 ac 165 lots ZC 2014-08 Nails-25 ac. 105 Townhomes Creekwood Country Estates -21.34 ac 22 lots Hunter's Cove Phase I - 31.414 ac 58 Lots Keller's 2nd Addition -0.289 ac 1 lot Bozman Farms Phase 3 - 50.392 ac 139 Lots Keller's 2nd Addition -0.289 ac 1 lot Braddock Place Phase 4 -25.608 ac 77 Lots Railroad Add, Lot 3R-1 & 3R-2 -0.281 ac 1 lot Braddock Plase Phase 3 - 18.322 ac. 53 Lots Inspiration Ph 3B-1 -56.75 ac 199 lots Creekside Estates Phase VII -23.267 ac. - 11 Lots Bozman Farm Phase 6 - 59.968 ac 181 lots Castle Park - 31.41 ac 56 Lots Inspiration Ph 3B-3 - 19 lots Inspiration Phase 1 &2 --53 Lots Creekside Phase IX 1.428 ac 5 lots Kreymer Estates Amenity Center- 3.3 ac. 1 Lot Railroad Addition, Lot 15R - 0.402 ac 2 lots Kreymer Estates Phase 2 -23.171 ac 60 Lots Woodbridge 21 - 104.174 ac-367 lots Kreymer Estates Phase 3 -29.7654 ac 74 Lots Mansions at Wylie Seniors - 13.125 ac 1 Lot Sachse Pending Developments Schupbach Estates - 0.633 ac. 2 Lots Jackson Hills Phase 3A-2 -55 Lots Wooded Creek Phase 2 Amenity Center-0.512 ac 1 Lot Heritage Park- Phase 3 -81 Lots Creekside Estates Phase VIII -20.551 ac 65 Lots Parkwood Ranch - Phase 2 -102 Lots Kreymer Estates Phase 4 -27.312 ac 78 Lots Jackson Hills- Phase 3B - 114 Lots Bozman Farms Phase 5 - 69.071 ac 198 Lots Jackson Meadows - 51 Lots HNI Townhome Addition - 10.06 ac 104 Lots Woodbridge- Phase 19 - 148 Lots Alanis Crossing Phase II -26.239 ac 42 Lots Estates of Pleasant Valley Phase II - (21 Lots) Trailsplace Lot 6-BR & 6 C-0.256 ac 2 Lots Serene Townhomes (122 units) Kreymer Park-45.57 ac 151 Lots Malone Estates (37 lots) Kreymer Estates Phase 3 - 29.7654 ac 74 Lots Estates of Pleasant Valley Phase I - (42 lots) Braddock Place Phase 5-28.019 ac Railroad Addition Block 31- 1 ac. ETJ Creekside Estates Ph 9 - 12 ac C & F Copeville Addition - 3.515 ac 3 Lots Covington Estates Phase 2 - 13.927 ac Geckler Addition - 14.274 ac 1 Lot Kreymer Park-45.57 ac 151 Lots Reyes estates-3.61 ac 2 Lots Creekwood Estates - 15.717 ac 20 Lots Creeks Crossing - 3.187 ac 2 Lots Bozman Farms Phase 5-69.071 ac 198 Lots Inspiration Phase 3 and 4- 107.83 ac Russell Addition -0.16 ac 1 lot Oaks Addition -0.304 ac 1 lot Keller's 2nd Addition -0.289 ac 1 lot Inspiration Phase 5 - 10.32 ac 58 Lots with 3 open space Serene Villas- 21 ac 67 with 3 New Haven at Wylie -3.1 ac 1 lot Inspiration Phase 2B Inspiration Phase 3C- 16.431 ac 54 w/3 open Inspiration Phase 5A-1 10.32 ac 58 with 3 Inspiration Phase 3A-50.08 ac 324 lots WEDC Activity Log Prestonwood Country Club 6/31/17 n/a n/a July Dues 655.18 6/31/17 n/a n/a Unspent Minimum/Handicap Fee 40.05 695.23 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director/--- - SUBJECT: Agenda Items DATE: August 10, 2017 Issue Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). Analysis During this Discussion Item, Board Members will have the opportunity to propose that an issue be placed on a future agenda for consideration. The Board will note that no substantial consideration/discussion is allowed so that there will not be a violation of the Open Meetings Act which requires discussion/action items be placed on Agenda's with specific language as to what will be discussed. For example, the above language will allow a Board Member to present a request for a certain item to be placed on an agenda for consideration, but not the ability for the same Board Member to argue the merits of the issue. Conversely, another Board Member may not discuss the merits as to why they may not want that particular item on a future agenda. Recommendation This Item is for discussion only and will provide direction to Staff No action formal action is allowed.