08-05-1991 (WEDC) Minutes DIRECTORS OF DEVELOPMENT CORPORATION OF WYLIE, INC.
MINUTES
August 5 , 1991
The Directors of the Development Corporation of Wylie, Inc.
met in special session at 4 : 30 P.M. on Monday, August 5 ,
1991 in the Conference Room at the Municipal Complex. A
quorum was present and notice of the meeting had been posted
in the time and manner required by law. Those present were
Jim Smith, President; Bart Peddicord , Secretary-Treasurer ;
James Blakey, Vice President and member John Tobin. Also
present was City Manager Bill Dashner .
Jim Smith called the meeting to order .
APPROVAL OF FINAL DRAFT OF FY 92 BUDGET FOR PRESENTATION TO
CITY COUNCIL: A total budget of $403 ,800 was approved to be
presented to the City Council at their next scheduled
meeting on August 13 , 1991. It contained revenues of
$220 ,000 from sales tax, $7 ,000 from interest and $176 , 800
from FY 91 budget. Expenditures were listed at $59 ,100 ,
capital at $5 ,000 and the reserve at $339 ,700 . John Tobin
made a motion that the budget be approved, John Yeager
seconded the motion . The motion carried with all in favor .
APPROVAL OF FINAL DRAFT OF SEMI-ANNUAL REPORT TO CITY
COUNCIL: The final draft of the Semi-Annual report was
discussed . John Yeager made a motion that it be approved
and James Blakey seconded the motion. The motion carried
with all in favor .
There being no other matters of business for discussion , a
motion was made by Bart Peddicord to adjourn and seconded by
James Blakey. The motion carried with all in favor .
Minutes of the August 5 , 1991 special meeting approved by
the Board of Directors at its meeting on August 13 , 1991 .
Barton Peddicord , Secretar easurer