11-10-1992 (WEDC) Minutes ~
DIRECTORS OF DEVFLOPMENT CORPORATION OF WYLIE, INC.
MINUTES
NOVEMBER 10, 1992
The Directors of the Development Corporation of Wylie, Inc . met
in regular session at 4, 00 P. M. on Tuesday, Octcber 13, 1992 in
the Development Corporation' s officc at 108 W. Marble, Wylie,
Tcxas. A quorum was present and notice of the meeting had been
posted in the time and manner required by law. Those present
were John Yeager , Secretary Treasurer and members John Tobin and
Jchn Mondy. Exe�ut � ve Director Charlie Womack , Mayor John Akin,
and City Manager Steve Norwood were also present . In attendance
from the City Staff was Wita Collins.
John Yeager called the meeting to order .
DISCUSS AND CONSIDER APPROVAL OF MIWUTES OF WOVEMBER 10 1992
MEETINE�_� A motion to approve the minutes as presented
was made by John Tobin and scconded by John Mondy. The motion
carried with all in favor .
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DISCUSS AND CONSIDER APPROVAL OF TREASURERrS REPORT, A motion to
accewt the Treasurer ' s Rcport as read was made by John Tobin and
seconded by John Mondy. Thc motion carricd with all in favor .
(See attachen report at the end of these minutes:.,--
REPORT FROM EXECUTIVE DIRECTOR:
A. Robert Arden has made a decision not to purchase the
property, thus our commitment to make him at loan is no longer
necessary.
B. Our bid to purchase the property located at 3501 Eubanks
Lane, Wylie is still in a pending status. There was only one
other bidder for the property.
C.. Discussions are still continuing with a major employer on
their pwssi5le relocati 'vl 40 Wy! _ '�.
Womack has met with principals of Physicians Regiona�
Hospital regarding their inability to meet the October 31 , 199?
! oan pnyment to the bank. This is due to Medicare' s withholding
Payment on some claims. Mr . Womack will be meeting with them
again this weep �r next
~. E. / he contract with Rutledge, Crain & Co. , P. C. has been
negotiated and will be signed. They will audit the Development
Corporation books.
F. American Molds is still workzng on acq'/zrzng the permit
necessary to expand their facility. The hearing scheduled for
thz � mnnth has been postpored. The TACB has made a tour of
8. Mr . Womack reported that he was unable to get a reservation
for the course cffered by Texas Engineering Extension Service, of
the Texas A & M University System, College Station, Texas.
See report attached at the end of these minutes.
OTHER BUSINESS: Mr . Womack reported that he had a few inquiries
this month for financial assistance and would be reporting more
details. Ken Ross of Ross Communications wants the Development
Corporation to fix Cooper Drive. The people who purchased the
Tarrant Plumbing building may need some financial assistance.
SIRA is needing financial assistamce.
Mr. Womack should attend a seminar in Austin regarding a new
fund for new businesses.
RECESS OPEN MEETINS
CONVEN& TO WORKSHOP TO DISCL|SS =ALS AND OBJEC i IVF5: Nl:::i.
discussion - took olace,,
RECONVENE REGULAR MEETING
CITIZEN PARTICIPATION: None
There being no other business for discussion a motion was made
and seconded that the meeting be adjourned.
Minutes of the November 10, 1992, regular meeting approved by the
Board of Directors at its meeting on December 8, 1992.
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_...n Y e Se'-retary
PREPARED BY :
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