04-13-1993 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
APRIL 13 , 1993
The Directors of the Development Corporation of Wylie, Inc . met
in regular session at 4:00 P.M. on Tuesday, April 13, 1993 in the
Development Corporation's office at 108 W. Marble, Wylie, Texas .
A quorum was present and notice of the meeting had been posted in
the time and manner required by law. Those present were
President Jim Smith, Vice President James Blakey, Secretary
Treasurer John Yeager and member John Mondy. Member John Tobin
arrived late. 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 MARCH 9, 1993 REGULAR
MEETING : The minutes should reflect that the $120 ,000 listed as
an expense was in reality a transfer of funds from Provident Bank
to American National Bank. Revenues were $26, 921 . 87 and
expenses were $26, 747 . 68 . There being no further corrections
John Yeager made a motion that the minutes be approved as
corrected. The motion was seconded by James Blakey. 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 James Blakey
and seconded by John Mondy. The motion carried with all in
favor. (See attached report at the end of these minutes) .
REPORT FROM EXECUTIVE DIRECTOR:
A. Physicians Regional Hospital Status Report - Weekly meetings
are continuing with the hospital , the bank and Mr . Womack
regarding the status of their ability to meet their debt .
The hospital has filed for protection under Chapter 11 of the
bankruptcy laws . The hospital did have a good March and is
continuing to negotiate with their creditors to resolve the
matter .
B. American Molds , Inc . Status Report - The TACB is scheduled
to make the final decision on their request for a permit on
April 15 , 1993 . It is most likely that the TACB will approve
the permit .
C. Major Employer Relocation Status Report - Negotiations are
continuing on this project . The board would like to see
some response from the City, County and WISD on what kind of
incentives they can offer .
D. Perma-Tune Inc . Status Report - this employer is on his way
and should be here on Sunday or Monday . They will be located
at 709 Cooper .
E. Ginny ' s Inc . Status Report - No progress has been made to
find a suitable building for their production activities .
They have a problem with the moisture in their current
location. Two locations are available that meet their
space requirements but the owners are only interested in
selling.
F. Jim Meara, D/B/A the Meara Company Status Report - Mr . Meara
is continuing his efforts to find an acceptable builder to
finish out the existing residential lots in the West Gate
subdivision. He has been meeting with the City Manager and
trying to negotiate some relief from the City on the current
impact fees .
G. New Prospect - Auto Photo Systems , Inc . - This company is
domiciled in Tustin, California with its parent company
being located in Surry, UK. They operate photofinishing
laboratories and manufacture photographic booths and lease
equipment . Their 1992 sales were $15 , 824,00 with an
employee count of 120 . They would be willing to relocate
if their current lease was bought out . The lease extends to
November of 1996 and is reported to be $8 ,000 a month.
H. Report on 27th Annual Economic Outlook Conference - Charlie
Womack reported the highlights of the conference to the board
members .
REVIEW AND DISCUSS FINAL INDEPENDENT AUDITORS ' REPORT SUBMITTED
BY RUTLEDGE CRAIN & CO. , P . C . FOR YEAR ENDING SEPTEMBER 1S92 -
The board discussed the audit and agreed that it accurately
reflects the past year . A motion was made by John Yeager to
accept it as presented, seconded by James Blakey. The motion
carried with all in favor .
UPDATE AND APPROVAL OF EXPENSE TO PURCHASE AERIAL PHOTOS FROM
LANDISCOR - LANDIS AERIAL PHOTO, INC. - The photos are being
worked on now and should be ready this week. A motion was made
by John Mondy to pay the invoice when the maps are recieved. The
motion was seconded by James Blakey. The motion carried with all
in favor .
RECESS OPEN MEETING
CONVENE TO EXECUTIVE SESSION:
A. Update on Land Purchase
B. Discuss Purchase of Other Building Sites
RECONVENE REGULAR MEETING
No action was taken in executive session.
CITIZEN PARTICIPATION: None
There being no other business for discussion a motion was made
and seconded that the meeting be adjourned.
Minutes of the April 13 1993 , regular meeting approved by the
Board of Directors at its meeting on May 11th, 1993 .
C‘11.im Smith, Presi ent
PREPARED BY:
e,
Anita Collins