06-08-1993 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC .
MINUTES
JUNE 8 , 1993
The Directors of the Development Corporation of Wylie, Inc . met
in regular session at 4 : 00 P .M. on Tuesday , June 8 , 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 members John Mondy and 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 MAY 8 , 1993 REGULAR
MEETING : The minutes of the May 11 , 1993 meeting should read
( 38 . 53) not ( 35 . 83 ) . There being no other corrections to the
minutes James Blakey made a motion that they be approved without
any further corrections , seconded by John Mondy . The motion
carried with all in favor .
DISCUSS AND CONSIDER APPROVAL OF TREASURER' S REPORT: Total
corporate funds as of May 31 , 1993 were $439 , 513 . 39 . Expenses
for May were $6 , 119 . 11 and revenues were $27 , 818 . 25 . Total
available funds were $318 , 227 . 79 . A motion was made by John
Tobin to accept the Treasurer ' s Report as read and was 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. Physicians Regional Hospital Status Report - The
hospital was closed for eight days and the Medical Plaza
building should reopen within the next ninety ( 90 ) days . All
patients were removed from the hospital immediately after
the tornado and no fees were generated during the closed
period. All tenants in the professional building have
moved to other locations . A hearing was scheduled by the
court for May 26 , 1993 but has been rescheduled for late
July or August on the bankruptcy petition.
B . Major Employer Relocation Status Report - A recent
conversation with local management reveals no decision has
been made by the corporate office . Mr . Womack' s contact
indicated that the home office was going through some
management changes and this has delayed any definite
decision on the relocation of the Dallas facility . He
agreed to Keep us abreast of any new developments .
C . PERMA-TUNE Inc . Status Report - Management reports
business has been better than expected . Two employees nave
been added to meet current demands . One local company came
to their rescue when a supplier failed to supply parts as
scheduled and it didn' t become necessary to stop production.
Mr . Lenarduzzi continues to be happy with his move to Wylie
and is anxious to sell his California home so he can
establish a permanent residence in Wylie .
D . GINNY ' S Inc . Status Report - Company has completed
their move to their new location in the old Post Office
building . They need more space and are looking for a
facility where their patterns can be stored . Employees are
happy with the new location because there are windows in the
building that make their working area a much more attractive
area . Mrs . Leon ( owner) has discussed the possibility of
asking the corporation for financial assistance to help
defray some of their moving and renovating expenses .
E. Jim Meara , D/B/A the Meara Company Status Report - Mr .
Meara has continued to meet with the City Manager to reach
an agreement for some relief on this item. The City Council
declined Mr . Meara ' s request for the city to place a
moratorium for two years on the collection of impact tees
when requesting a bui l ding permit on an Existing deve . oiled
building lot . Mr . Meara reported that negotiations foL the
sale of this propertyto General :comes r is in its final
stages .
F. Crane Safety & Maintenance , Inc . - Mr . Crisuolo
continues to negotiate a land purchase from Provident Bank
and has requested they consider providing interim and
permanent financing on the new facility . The bank has
agreed to consider this request but additional information
is needed before they will make a decision. Mr . Criscuolo
is developing the final plan and estimated cost of the new
facility . He will be spending the first week in June
erecting a large crane in Denver , Colorado and this will
delay completing the information for the bank. He believes
all the financing will be furnished by the bank and there
will be no need for the corporation to provide any financial
assistance.
G . Update on Plans to Honor Mr . Hiroshi Takahashi ,
Chairman/President and C . E . O . , Sanden international
(U . S .A. ) , Inc . - Sanden is hosting a farewell reception
honoring Mr . Hiroshi Takahashi at the Bristol Suites Hotel
in Dallas on June 10 , 1993 from 6 : 00 P .M. - 8 : 00 P .M. The
members of the Development Corporation have been invited .
H . Mr . Womack informed the board that he had visited with
each business that had sustained damage from the tornado .
They were told that the Development Corporation would
consider any request for financial assistance if the need
was necessary to get them back into production as soon as
possible . No requests for assistance have been received .
RECESS OPEN MEETING
CONVENE TO EXECUTIVE SESSION:
A . Update on Contract to Purchase a Tract of Land toy Future
Development .
B . Update on Request by Two Local Employers inte_ este.. in
Financial Assistance tb Relocate t_:e_r Current Operations .
C . Report on Another Company that is _ iannong a Relocation a_.s
Has some Interest in the Wylie area .
RECONVENE REGULAR MEETING
A. A motion was made by John Yeager to purchase the 51 . 531 acres
at a cost not to exceed $200 , 000 . 00 . The motion was seconded by
John Tobin. The motion carried with all in favor .
B . No action taken .
C . No action taken .
CITIZEN PARTICIPATION : None
There being no other business for discussion a motion was made
and seconded that the meeting be adjourned .
Minutes of the June 2th 1993 , regular meeting approved by the
Board of Directors at its meeting on ,July 1.3th, 1993 .
3m. �:, Presid nt im21t
PREPARED BY :
Anita Collins