12-08-1992 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE , INC .
MINUTES
DECEMBER 8 , 1992
The Directors of the Development Corporation of Wile , Inc . met in
regular session at 4 : 00 P .M . on Tuesday , December 8 , 1992 in the
Development Corporation 's office at 108 W . Marble , Wile , Texas .
quorum was present and notice of the meeting had been posted in
the time and manner required by law . Those present were
President Jim Smith , Vice President James Blakey , Secretary
Treasurer John Yeager and member John Tobin . Executive Director
Charlie Womack , Mayor John Akin , and City Manager Steve Norwood
were also present . In attendance from the City Staff was Anita
Collins .
President Jim Smith called the meeting to order .
DISCUSS AND CONSIDER APPROVAL OF MINUTES OF NOVEMBER 10 . 1992
REGULAR MEETING : The minutes should read "discuss and consider
approval of minutes of October 13 , 1992 meeting" not November 10 ,
1992 . With this correction being made James Blakey made a motion
that the minutes be approved , seconded by John Tobin . The
motion carried with all in favor .
DISCUSS AND CONSIDER APPROVAL OF TREASURER 'S REPORT: A motion to
accept the Treasurer 's Report as read was made by John Tobin and
seconded by James Blakey . The motion carried with all in favor .
( See attached report at the end of these minutes )
REPORT FROM EXECUTIVE DIRECTOR:
A . Status report of discussions with the principals of
Physicians Regional Hospital regarding the status of their
loan for which the Development Corporation has placed a
Certificate of Deposit for collateral .
B . Current status report on American Molds , Inc . - the hearing
has not yet taken place . There will be a task force meeting
in Austin on December 16 , 1992 . This task force was
organized by the TACB and is a task force for nuisance
ordinances .
C . Current status report of discussions with a major employer
that may consider a possible relocation to Wile
negotiations and discussions are continuing with this major
employer .
D . Review and discuss a request for financial assistance
received from Perma-Tune Inc . A motion was made by James
Blakey that we grant them $10 ,000 when they initially move
to Wile and then at the end of six months grant them $1 ,000
for each employee that has been employed with them full time
for six months . The motion was seconded by John Yeager .
The motion carried with all in favor .
E . Report preliminary discussions with Metro Fleet Collision for
possible financial assistance in their move to Wile ._ no
formal request has been received at this time .
F . Report discussions with Dr . Wade Wolverton for possible
financial assistance for working capital and equipment
purchases needed by his company chartered as S .I .R .A . -- no
commitment to be made at this time - could possibly
assist them in getting financing for equipment .
G . Discuss financial assistance request received from Crown
Covers - cannot consider any assistance unless they move
their business to Wile .
H . Discuss the need and then approve the acceptance of
competitive bids for the possible purchase or lease of new
or used copier equipment - John Tobin made a motion that
we purchase , upon satisfactory performance , a copier with a
maximum cost of $2 ,500 .00 . The motion was seconded by John
Yeager . The motion carried with all in favor .
I . Review and then eonsider approval for one or more registrants
to attend the 9th Annual Economic Outlook Conference
scheduled in Dallas on Tuesday , January 26 , 1993 - the cost
is $150 .00 per registrant . John Yeager made a motion that
Mr . Womack should attend , seconded by James Blakey . The
motion carried with all in favor .
OTHER BUSINESS : Mr . Womack reported that he had a few inquiries
this month for financial assistance and would be reporting more
details . The people who purchased the Tarrant Plumbing building
may need some financial assistance ,
RECESS OPEN MEETING
CONVENE TO WORKSHOP TO DISCUSS GOALS AND OBJECTIVES :
A . Discuss possible purchase of commercial property - a motion
was made by John Yeager to purchase a tract of land to be
known as Industrial tract 1 of a possible forty-seven acres .
The motion was seconded by John Tobin , James Blakey
abstained from voting . The motion carried with Jim Smith
in favor , John Yeager in favor and John Tobin in favor .
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 December 8 , 1992 , regular meeting approved by the
Board of Directors at its meeting on January 12 , 1992 .
hn ' a r , Secretary
PREPARED BY
Anita Collins