06-24-1993 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
JUNE 24, 1993
The Directors of the Development Corporation of Wylie, Inc . met
in a special session at 4 : 00 P.M. on Thursday, June 24 , 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 Secretary/Treasurer John Yeager and members John Mondy and
John Tobin and new members Tim Robinson and Raymond Cooper .
Executive Director Charlie Womack, and Mayor John Akin. In
attendance from the City Staff was Anita Collins .
Secretary/Treasurer John Yeager called the meeting to order .
ADMINISTER OATH OF OFFICE TO NEW MEMBERS: Anita Collins
administered the oath of office to new members Tim Robinson and
Raymond Cooper.
NOMINATE NEW CORPORATE OFFICERS: John Tobin nominated Raymond
Cooper for President , the nomination was seconded by Tim
Robinson. There were no further nominations for President. The
board voted on the nomination of Raymond Cooper for President and
all were in favor.
Mr . Cooper then called for nominations for Vice-President . Tim
Robinson nominated John Tobin for Vice-President, the nomination
was seconded by John Mondy . There were no further nominations
for Vice-President . The board voted on the nomination of John
Tobin for Vice-President and all were in favor .
NAME OFFICERS AUTHORIZED TO SIGN CHECKS TO WITHDRAW CORPORATE
FUNDS FROM AMERICAN NATIONAL BANK IN WYLIE AND PROVIDENT BANK,
WYLIE: All three officers are authorized to sign checks to
withdraw corporate funds . Checks require signature of any two of
the officers .
REVIEW CURRENT FINANCIAL STATUS OF CORPORATION: The board
reviewed the current financial status of the corporation (See
attached report at the end of these minutes) .
DISCUSS NEW (1994) BUDGET: The board discussed what they felt
should and should not be included in the budget. The board felt
they should budget to attend trade shows in order to advertise
our City. The board also felt they should consider providing
industrial buildings for businesses considering moving to Wylie.
CONVENE TO EXECUTIVE SESSION:
A. Update on Request by Two Local Employers Interested in
Financial Assistance to Relocate their Current Operations .
RECONVENE REGULAR MEETING
A motion was made by Tim Robinson to authorize Charlie Womack to
make a proposal to the J . D. Russell Company as follows :
The Development Corporation will give them 15 acres , they in
turn will come up with the money for the rollback taxes and
the option to buy. The Development Corporation will attempt
to get the right of first refusal in the contract , however
if that becomes an obstacle and everything else is right
they will withdraw that requirement . The ::losing between
the land owner , J . D. Russell and the Development
Corporation shall occur simultaneously .
The motion was seconded by John Yeager arid carried with all in
favor .
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 24th 1993 , special meeting approved by the
Board of Directors at its meeting on July 13th, 1993 .
//
Raym d Cooper , President
PREPARED BY:
Anita Collins