10-25-2017 (WEDC) Agenda Packet I I i
ylie Economic Develoment
CORPORA.' ION
egular eeting Agenda
October 25, 2017—6:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78 —Wylie, Texas
Marvin Fuller,...... ., . ., ... .. . .... ......... . . .....,.. .,, , .., President
Todd Wintters.. Vice President
John Yeager ........ ......... ...a.., . . ,.....,. ...,....., ........ .....,... ,...,...Secretary
Demond Dawkins. ........: ......... . ......... ........., . .......;, . ....,..:.Treasurer
Bryan Brokaw...... ......... . ....... .. .. ....: ........ ........Board Member
Mayor Eric Hogue Ex-Officio Member
Mindy Manson, City Manager...,. .....,:.: .,...,.., Ex-Officio Member
Samuel Satterwhite ...,...., Executive Director
Jason Greiner....... .......:: .......;. .... .....; ,......... ......... .......... ..............:,: Assistant Director
Angel Wygant...... ......:a: .......... .,....... .,a.. . ,. .......:. . ..r...;. ...,.. . ... . .,.......Senior Assistant
In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie
Municipal Complex, distributed to the appropriate news media, and posted on the City Website: www. lietexas. ov
within the required time frame.
CALL TOO'. I ER
Announce the presence of a Quorum.
CITIZEN PARTICIPATION
Residents may address the WEDC Board regarding an item that is or is not listed on the agenda. Residents must
provide their name and address. The WEDC Board requests that comments be limited to three (3) minutes. In
addition, the WEDC Board is not allowed to converse, deliberate or take action on any matter presented during citizen
participation.
ACTION ITEMS
I. Consider and act upon approval of the October 10, 2017 Minutes of the Wylie Economic
Development Corporation(WEDC) Board of Directors Meeting.
II. Consider and act upon approval of the September 2017 WEDC Treasurer's Report.
III. Consider and act upon a Perfoiinance Agreement between the WEDC and DANK Real
Estate, Ltd.
DISCUSSION ITEMS
IV. Review and discuss WEDC By-laws to determine the need for potential amendments.
V. Staff report: review issues surrounding WEDC Performance Agreement Summary,
Environmental Activity Summary, Highway 78 WEDC Pad Sites, 544 Gateway Property,
KREA Acquisition, LLC (La Quinta), WEDC regional brokerage event, Oktoberfest, and
regional housing starts.
WEDC—Agenda
October 25, 2017
Page 2 of 2
VI. Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial
consideration/discussion allowed).
E CUTIVE SESSION
Recess into Closed Session in compliance with Section 551.001, et.seq. Texas Government Code,
to wit:
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located near the intersection
of:
• Cooper& Highway 78
• Brown & Highway 78
• Brown& Ballard
• Alanis & Sanden
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated(Open Meetings Act). Deliberation regarding commercial or financial information that
the WEDC has received from a business prospect and to discuss the offer of incentives for:
• Project 2015-12a
• Project 2017-2a
• Project 2017-6a
• Project 2017-8a
• Project 2017-10a
RECONVENE INTO OPEN MEETING
I JOU ' NT
CERTIFICATION
1 certt6)that this Notice of Meeting was posted on this 20th day of October 2017 at 5:00 p.m. as required by law in
accordance with Section 551.042 of the Texas Government Code and that the appropriate news media was contacted.
As a courtesy, this agenda is also posted on the City of Wylie website:www.wvlietexas.gov.
Carole Ehrlich,City Secretary Date Notice Removed
mutes
Wylie Economic Development Corporation
Board of Directors Meeting
Wednesday, October 10, 2017— 7:00 A.M.
WEDC Offices—Conference Room
250 South Highway 78—Wylie, Texas
CALL TOO ' PER
Announce the presence of a Quorum
President Marvin Fuller called the meeting to order at 7:02 a.m. Board Members present were
John Yeager, Todd Winners, Demond Dawkins, and Bryan Brokaw.
Ex-officio members Mayor Eric Hogue and City Manager Mindy Manson were present.
WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner,
and Senior Assistant Angel Wygant.
CITIZEN PARTICIPATION
With no citizen participation, President Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the September 20, 2017 Minutes of the
Wylie Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Demond Dawkins and seconded by
John Yeager to approve the September 20, 2017 Minutes of the Wylie
Economic Development Corporation. The WEDC Board voted 5 —FOR and
0—AGAINST in favor of the motion.
EXECUTIVE SESSION
Recessed into Closed Session at 7:03 a.m. in compliance with Section 551.001, et.seq. Texas
Government Code, to wit:
Mayor Hogue arrived at 7:06 a.m.
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located near the intersection
of:
• Cooper& Highway 78
• Birmingham& Highway 78
DC—Minutes
October 10, 2017
Page 2 of 2
Section 551.087 (Economic Development) of the Local Government Code,Vernon's Texas Code
• •otated(Open Meetings Act). Deliberation regarding commercial or financial information that
the WEDC has received from a business prospect and to discuss the offer of incentives for:
• Project 2017-8a
' CONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 7:44 a.m. and took no action
• 1JOU MENT
With no further business, President Fuller adjourned the WEDC Board meeting at 7:44 a.m.
:rvin Fuller, President
ATTEST:
Samuel Satterwhite,Director
ylie cono ic P evelo s ent Cor s oration
E • - A DU
TO: Samuel Satterwhite, Executive Director
FROM: Angel Wygant, Senior Assistant
SUBJECT: September 2017 Treasurer's Report
DATE: October 14, 2017
Issue
Consider and act upon approval of the September 2017 WEDC Treasurer's Report.
Analysis
Sales Tax Revenues for Wylie were down approximately 3% year-over-year for October.
Provided below is an analysis of surrounding communities Sales Tax performance.
October'17 October'16 %Chg YTD 2017 YTD 2016 %Chg
Allen $2,345,745.90 $3,061,943.95 -23.39% $31,427,493.64 $31,262,392.30 0.52%
Farmersville $77,291.37 $117,381.81 -34.15% $930,528.61 $937,019.60 -0.69%
Frisco $6,516,344.75 $6,075,707.55 7.25% $67,425,423.35 $62,017,507.83 8.71%
Garland $2,379,006.66 $2,278,477.21 4.41% $23,830,957.54 $24,270,526.28 -1.81%
McKinney $4,095,706.04 $4,116,181.95 -0.49% $41,656,426.21 $38,454,823.45 8.32%
Rockwall $1,731,535.05 $1,706,082.75 1.49% $18,091,909.38 $17,378,603.14 4.10%
Wylie $782,196.43 $806,022.77 -2.95% $8,647,008.04 $8,179,647.64 5.71%-
From the Balance Sheet,page 1:
Deposits - $2,000. This amount reflects a deposit WEDC paid to Wylie Industrial Court for the
lease of WEDC offices.
Loan Receivable - $54,347.56. This represents the balance of the Wylie Ice Cream Holdings
note, which is reduced by the principal paid each month. There was a starting balance of$93,950
as of December 2012. Wylie Ice Cream Holdings has 27 payments remaining with a balloon
payment of$33,248.44 due on 12-15-19.
Account Rec — Forgivable Loans - $371,666.66. This figure includes the remaining balance of
The Wedge loan in the amount of $91,666.66. Assuming The Wedge remains in compliance
with their Performance Agreement, forgiveness of the remaining loan balance will be made on
WEDC September 2017 Treasurer's Report
October 14, 2017
Page 2 of 3
12/31/17. The figure above also includes the loan made to Exco Extrusion Dies in the amount of
$350,000. The first loan payment was forgiven on February 24, 2017 in accordance with the
terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 4
loan payments will be forgiven in equal amounts of $70,000 on an annual basis effective
February 24th
Deferred Outflows - $515,000. This is a total of incentive payments which are due in the future.
A breakdown of these charges includes: B & B Theatres - $50,000, GetSet - $10,000, All State
Fire - $20,000, Von Runnen Holdings - $10,000, Exco Extrusion Dies — $60,000, KREA -
$100,000, McClure Partners - $50,000, Trout - $15,000, REVA Hospitality- $100,000, DCU. -
$100,000.
Balance Sheet,page 2:
Deferred Inflow - $213,347.56. The Deferred Inflow Account tracks deferred revenues to be
received from Wylie Ice Cream Holdings and Exco Extrusion Dies. The Wylie Ice Cream
deferred revenue is reduced by the monthly principal payment received, which for September
was $766.84. The Exco Extrusion Dies deferred revenues will be reduced by $39,000 annually
over a 5-year period. The annual $39,000 amount represents one fifth of the $195,000 gain that
would have occurred if the loan forgiveness were not in place ($350,000 - $155,000 =$195,000).
The first payment of$39,000 was forgiven on 2-24-17 with four payments remaining.
Revenue and Expense Report,page 2:
Interest Earnings - $229.65. Interest earnings from the Wylie Ice Cream Holdings.
Loan Repayment - $766.84. Principal payment from the Wylie Ice Cream Holdings.
Rental Income — $13,100. DCU - $3,000, Delta-E - $800, Austin Said - $6,000, Helical
Concepts - $400, Wheels Unlimited - $1,400, Trimark- $1,000, Richmond Hydromulch- $500.
Revenue and Expense Report,page 3:
Office Supplies - $53.44. Card stock, batteries, folders, envelopes.
Food Supplies - $170.18. WEDC Board Mtg. Meals ($68.45), Rotary Board Meeting ($31.80),
CC Tournament Breakfast—Reimbursed ($69.93).
Other- $4,410. Small Business Center—Gale Courses.
Computer Maintenance—$105. Network Service.
WEDC September 2017 Treasurer's Report
October 14, 2017
Page 3 of 3
Incentives - $129,823.79. ACG Texas ($35,000), Patna Properties ($10,000), Woodbridge
Crossing Sales Tax Reimb. ($60,915.25), Clark Street Sales Tax Reimb. ($23,908.54).
Special Services — $15,458.01. Mowing — ($2,815), Janitorial ($157.50), Environmental
($7,861.76), TCEQ ($4,053.75), Qtly Pest Control ($95), Hwy 78 Easement Survey($475).
Advertising - $22,616. WDMA Grant ($5,000), Wylie News —Fall Sports ($545), In & Around
($1,555), Website Design/programming ($8,516), Invitational Backpacks ($4,000), Connection
($3,000).
Community Development - $5,840.82. Chamber Rodeo Sponsor ($1,200), WEDC Invitational
Backpacks ($2,914), WEDC Invitational Event Deposit ($617.70), Rodeo Tables/Tickets ($760),
Tournament Balls ($339.32).
Travel & Training - $2,318.47. Retail Live — Greiner ($702.17), TX Downtown Registration -
011ie ($385), ICSC — TX Dealmaking Conf. Reg — Satterwhite, Greiner ($590), Business.
Meeting/Prospect Recruitment ($180.50), TEDC Air— Greiner— ($217.40), TEDC Brd. Mtg Air
—Greiner($243.40),
Dues & Subscriptions - $847.01. Club Corp Dues ($659.51), NTCAR Dues ($187.50).
Audit&Legal - $1,072. Attorney Fees—Festival and Open Meetings Act.
Engineering& Architectural - $2,565.70. Downtown Alley Design.
Computer Hard/Software - $171.92. Domain Registration
Recommendation
Staff recommends that the WEDC Board of Directors approve the September 2017 Treasurer's
Report.
Attachments
September 2017 Treasurer's Report
Sales Tax Revenue
'
Wylie Economic Development Corporation
Statement of Net Position
Asof September 30,ZO17
Assets
Cash and cash equivalents g 889'325.42
Receivables $ 426'014.22 Note
Inventories $ 8'329'085.50
Prepaid Items $ ~
Total Assets $ ~s���4Z5�4
,. ^~ -_-_-�
Deferred Outflows ofResources
Pensions _ $�� 66,481.55 �
Total deferred outflows of resources
Liabilities
Accounts Payable and other current liabilities $ 187075.44
Unearned Revenue g 213,347.56 Note
Non current liabilities:
Due within one year $ 580,608/3 Note
Due in more than one year _ $ 3,975,099.86_
Total Liabilities , $ _ 4'957,131.29 ,
Deferred inflows ofResources
Pensions � �899�I^
`
Total deferred inflows pfresources $ 2'839.41
,
Net Position
Net investment io capital assets $ -
Unrestricted $ 4'750'935�99
,.
Total Net Position $ 4,750,935.99
Note1: Includes incentives inthefonnoffongivable loons for$371,666.65
NuteZ: Wylie Ice Cream loan payments;800 amortization;deposits from rental property
Note3: Liabilities due within one year includes compensated absences of$57,489.00
Noto4: The WEDC provides monetary incentives to companies to relocatelexpand within
the City ofWylie. At September 30,J017, these commitments toto/ed$f15,VOU.0O
10-20-2011 02154 PM CITY OF WYLIE PAGE': 1
BALANCE SHEET
AS OF( SEPTEMBER, ANTE/ 2017
III-WYLIE ECONOMIC 0EvEL CORP
ACCONNEN TITLE
ASSETS
1000-1CalB CLAIM ON CASH 1 CASH ROUTE SFBL325,42
1000-10115 CAEN - (44104: - 4,RE0OR 0,00
1000-10135 ESCROW 0,00
1000-101(30 OSSOSITS 2.000,00
000-101RP OTHER MIEC CLEARING 0E00
1000-10341 TIEMBOOL 0,00
1000-16242 ECEIC 0,00
LOCO-104S1 INTEREST REEIVABLE, 0(00
1000-11511 ANGRY( IL - MISC 0,00
1000-11511 ACCAS REG - SALES TAX 0(00
1000-12810 LEASE', PAYMENTS RECEIVABLE 0,00
1000-12950 LOAN PROCEEDS 14014 0(60
1000-12996 LOAN RECEIVABLE 541B4A(A4>
1000-4R0S1 ACCTS REC 'YEE TECH B1AP
10110-12.6PR ACCIS RES - FORGIVEABLE LOANS 311,666,66
1000-14112 INVENTORY - MATERIAL/ SUPPLY 0,00
1000-14116 INNENTOBY - LAND 1 BUILDINGS 5,42900115,50
1000-1.41118 INVENTORY - BANCO/ SANDER BLVD G(00
1000-14310 F142:1114I14 EXPENSES - MIST& 0(00
1000-14410 DEFERRED OUTFLOWS 1116(000„00
10T150.425,14
TOTAL ASSETS 10?1,510,425.14
LIABILITIES
2000-20440 FEDERAL, /1.4COME TAE PAYABLE 0,00
2000-20111 NEDIGARS PAYABLE CI
RANO-WRITE CHILE SUPPORT PAYABLE( 0.0C
200011211113 REEDIT UNION PAYABLE. 0(00
2000-20114 IRS LEVY PAYABLE 0,00
2000-20115 NATIONWIDE GEBREPED COMP 0,00
2000°2011H REALMS TUBER PAY- MPLOYEE ( 0,221
2000-11(0111 THEE PAYABLE 0.00
24°1 A21
118 EBTH IAA PAYABLE 0(00
2000-20110' SOMMERS COMP PAYABLE 0,00
2000-20120 FICA PAYABLE 0,00
2000-20120 TgC: PAYABLE 0(00
2000-20122 STUDENT LOAM LEVY PAYABLE 0(00
2000-20123 ALIMONY PAYABLE 0,00
200A-20124 BANKEEPTBE PAYABLE 0(00
2000-201E5 VALIC DEFERRED COMP 0500
2000-B0126 ICMA PA/ABLE 0.00
B001-2012'7 EMP, LEGAL SERVICES PAYABLE 0(00
2000-20130 FLEXIBLE SPENDING ACCOUNT If125.00
2000-20131 EDWARD JONES DEFERRED CORP 0.00
2000-201112 ERE cARe rL1T11 12,00
2000-20151 ACCRUED WAGES RATEABLE O.00
20011-20.180 ADDIT EMPLOYER I,NAUS SAY 0,00
2000-2Ca9q RISC PAYROLL PAYABLE' 0(00
30-20-2033 02 t 54 PM CITY or WYLIE PAGE t 2
BALANCE SitTEET
AS OF t sFETEPBTR 30TH, 2012
NE L I E RC MOM DeVE 1, CORP
ACCOUNT* TITLE
2000-20201 Al PENOTNG 100,3,55,431
2 ODD- 1.0 ACCOUNTS PAYABLE. 105,265.1'3
2 0 0 OE 2 0 5 3 0 PR.1PE AT y ?ANTE PAYABLE o,on
2 000-2 2 0 NOTES PA YABL.5: 5115,006 LOO
2000'220810 DEE To GENERAL ittUND .on
zono-22220 DEFERRED INFLOW 213,112.56
2000-22235 DEN rNFLow LEASE protNet PAT, 01
ROO1-222SO DEFERRED IN P1.061 - I TNT 0 AO
2000-22015 RENTAL DEPOSE:0R 2,SDP 00
TOTAL I,TIL FT0. 945,105.53
EQuiTy
_Et
3,000,-34110 FT.IND 9,01tANcE - REDERNFE 0.00
&GOO-34590 FUND BALANCEAUVRESERvA uATDEA AG Et.229,357, 6
2.02.ABE
TOTAL BEGINNING EQUITY 229,350„411
TOTAL REVENUE 5,243,092.01
MTAL EX DENsEti 4,258e 919_84
REVENBE atIBE (t.RIDER) EX DENEEs 984,0.62.37
ToTAL NOD ttor Y & COIL (UNDER) 9,214,319.63
TmAL It TA BHT TIES, 5101111Ty & OURS/(113,1051R) 1.0,159,225.14
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10-20-2017 02 54 PM CITY OF WYLIE PAGE 2
BALANCE SHEET
AS OF SEPTEMBER 30TH, 201'7
022-GEN I ONG TERM QH.R7 607ENCT
ACC CUNT# T1 T LE
_2222
REVENUE OVER/WINDER) EXPENSES d642,067.65)
TOTAL EQUITY & OVE«(UNDER) ( 6493,066.15)
TOTAL, T REcaws EQUITY & EVER/(UNDER), 63,64.2.14
N06,0676.0..667,
IiF- F-F01'4 02: 9 FM ciTE• 2,21.2 ri"L'F.` DADE: ;i
REVENUE AND 'LXPENsE ker026I 2 dil'FAIl)I'FlIM
As or: sRPTEMBE,t 3;"I H, 20 i i
11.2-WYLIE E1.0M283mic 1"FFFFI,_r':fFkF
F1NANht1L zsF' AFt8
CURRENT 2,u5265,2f'E 1,8123R ?'IFl V -11 Y-T-D .UD22IT E: :FF
*B4.['tFIF"4 PERIOD pc,2 F')I.'1,876 .AT2'I Ft N(1'1IRAN:EF BAt aANw;F. N';147NI F'
` tAMF 2,696,842,CFI 2163,,81,4,2F0 6,00 2,1I4,01-0.F I 0.00 532,:31,31 80,25
=Ii'1`.862oVrEEN>fENTA NE`,}w. 0,00 0,00 0,6,0 5,00 0,0 F,00 ).00
2,26rEnsT sFIC;t.?'F 24,388,8#F: 1, ,0..p;2.50.. 0.85ti. 21,.67.t6 zF,dFC1 0... 3,.239,1F 922a79:
NISCEI,LANEOU22 FIFa;FiFF I,52i3,058.013 12,1.I0. FiF 0.0 62,2014,18 0.F8 821,853.84 000I.24
Cz'[''F. FINANCING NFFC,3RFIt sF.01,. I.I"tF 911 2I'),1)9EI.1 lI,€.F 12eF .F,k.14.,I1) C1,a°10
ToTAF.. REV"EN1CSE:Fs 4,2914088,0 I,',,'1'8.50 0.20 5,233,8F2 F1. 01,3'F ( ).s:, I94.OIX 122,20
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F1^.VF'1 F. Ovt8R'(UNF;''I'L) F;1FFN!7)`l,.REs ( 912,623.00) ( 152,8:.2.552) 0,00 9 4,S7I+'2.17 0,00 K 1,933,585,174 89 I'-
10-2.0-2017 02.59 PM CITY OF WYGaE; PAGE: 2
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF: SEFTF,P4T'ER:30TH, 2017.
111-WYLIE; ECONOMIC DFVFL CORP
REVENUES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET , OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
TAPES
,7000-40150 REV :EN LEI.? OF TAXES 0.00 0.00 :0.00 0.00 0.00 0.00 0.00
4000-40210 SAE,ES TAX 2,696;642.00 210;974.00 0.00 2,1.64,010.69 0,00 532,631,31 80.25
TO'AL TAXES 2,696,642.00 210,974.00 0.00 2,164,010,69 0.00 532,631.31 80.2.5
I N TIIRGOVE RNMENTAI, REV
4000 43518 380 ECONOMIC; AGREEMENTS 0.00 0.00 0.00 0.00 Oe00 0.00 0..00
TOTAL INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INTEREST'INCOME
43n0 4€06n CERTIFICATE OF DEPOSTT 0,00 0.00 0.00 0.00 0,00 0.00 0.00
4000-4EE17 ALLOCATED INTEREST E.ARNSNGN 2,430.00 376.01 0.00 3,517.48 0, ( 1,087„4 ) :144.75
4000-46140' TEXPOOL INTE°.REST. 0.00 0.00 0.00 0.00 0,00 0,00 0.00
4t;00-44(143 LOGIC YNTF,RF.ST 0„00 0.00 0.00 0.00 0.00 0100 0.00
4000-46250. NTEREST 1I,ARNTNGz, 2,962,85 229.65 0.00 5,154.66 0.00 ( 2,191.81t :173.98
4000.46160 LOAN REPAYMENT (PRINCIPAL) 8,995,15 766.84 0.00 8,995,02 0.00 0.13 100.00
44000-4A210..::BANK MONEY MARKET INTEREST (b,00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL...INTEREST INCOME 14,388,00 .1,372.50 0.00 17,667,16 0.00 ( 3,279a16) 122.79
MISCELI ANEOU9 INCOMF,
4000-48110 RENTAL INCOME 114,300.00 73,1.00.00 0.00 120,856.64 0.00 ( 6,556.64) 105.74
4000 48310 RECOVERY PRIOR YEAR EXPZ',N 0.00 0.00 0.00. 0..00 0.00 0.00 0..00
4000-484C0 M SCELIANEOUS _INCOME 115,758.00 0.00 0.00 0e00 0e00 11.5.758.00 0,00
4000-48430 GATN/(LO,SS) SALE OP CAP ASS_1,350,000,-00 0.00 D.00 641,347:52 0.00 7°8,6652°48 4i'.51
TOTAL MISCELLANEOUS INCOME 1„580,058.00 13,100.00 0.00 762,204.16 0.00 817,853.84 48.24
OTHER...FINANCING SOURCES
4000 491.60 TRANSFER FROM GENERAL FUND 0.00 1.00 0.00 0.00 0.00 0.00 0.00
4000-49329 BANK NOTF PROCEEDS 0.00 .9.00 0.00 2,300,000.00 0.00 ( 2,300,000.00) 0.00
4000-49550 LEASE PRINCIPAL PAYMENTS (0 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4100-49600 INSURANCE RECOV RTES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAY, OTHER F£NANC(N n SOURCES 0.00 0,00 0.00 2,300,000.00 0.00 ( 2,300,000.0G) 0.00.
TOTAL RI"1FE'NUV.S 4,291,088.00 225,446.50 '0.00 "5,243,882.01_ 0.:00 ..(.. 952,794.01) 122.20.
1C-20-2017 02:59 PM C1:`"Y OF WYL:[B 1'AGE;; 1.
REVENUE AND EXPENSE REPORT - (UNA[1DIT:.aD)
AS CF: SEPTI MIII10 30'1H, 201`;`
Ill.-WYLIE ECONOMIC DFVEL CORP
DEVELOPMENT CORK-REDO
DEPARTMENTAL .EFXPFNDITURFS
CURRENT CURRENT PRIOR YEAR I-T-D Y-`1'-U 9U D(31'P 1 1)
NUDCIET PER.I:OD ['CS.AD7UST: ACTUAL. FNCIU"'[9RANCE [ALANCF I0UDGET
PERSONNEL SERVICES
5611-51110 SALARIES 290,413.00 42,99(1:78 0.111 285,388:41 0.00 5,024.79 99.27
3611 51130 OVERTIME 0.00 0.00 0.00 0.00 0.00 C.00 0.00
61 1-51140 LONGEVITY PAY 1,168.00 0.00 0.07 1,1.68,00 0.00 0,00 100,00
56.11-51145 SICK. LEAVE BUYBACK 0.00 0.00 0.0`1 0;00 0.00 0..:CO o.00
561.1.--51160 CER7IFICATION ,.INC:FNTIVF 0.00 0.00 0,1(D. 0.00 0.00 0.:.00 0.00
5011-.51170 PARAMEDIC INCF.NT:IVE 0.00 0:00 0.00: 0.00 0.00 0::00 0.00
5611-51210 CAR ALLOWANCE :2,933.00 1,453.89 0.00 12,432.79 0.00 0.26 100.00
S61.:L-51.220 PHONE ALLOF,IANCE 4,656.00 0.00 0.00: 4,756.00 0.00 (:' 100.00) 102.15
561]-51230 CLOTH I_NC ALLOWANCE 0.00 0.00 0.02 0.00 0.00 0,00 0.00
5611-51260 MOVING ALLOGWFANC.E, 0,00 0.00 0.00 0.00 0.00 0;00 0.00
611-0,1310 TNRS 44,857.00 6,745,39 0.00 44,895.13 0.00 (;; 38.13) 100.09
561.:I-514:L0 r10SPITAL & ::,IF , .INSURANCE 33,951.00 2,850.12 0,00: 33,95C.96 0.00 0.,04 100.0C
ia0S1 514]5 EXECUTIVE, HEALTH PLAN 0.00 0.00 O.CO:: 0..00 0.00 0::.00 0.00
5611_-51420 TONG-TE;R'' DISABILITY 960.0C 0.00 0.00 951.80 0.00 8:.20 99.15
561.1 '1440 FICA 15,321.0C 2,456.1.5 0,00: 15,122.73 0.00 198..2'7 98.71
3611.=-51450 MEDICARE 4,185.00 634.96 0.00 4,198.79 0.00 (:. 13.'/9) 100.33
.`i6L1-51470 WORKERS C;OMI' PREMIUM 628.00 0..00 0.00. 495.36 0.00 132,.64 78.88
5611.-51480 UNEMPLOYMENT CO'1P (T4'C) 8-10.00 0.00 0.00' 27.00 G.CO 783..00 3.33
TOTAL PERSONNEL, SERVICES 409,382.00 57,131.31 0.00 403,386.72 0.00 5,995.28 98..59
SUPPLIES
56.11 52010 OFFICE SUPPLIES 5,500.00 53.94 0.00: 1,552.21 0:00 3,947.79 28.22
5611-.52040 POSTAGE & FREIGHT 980.00 0.00 0.00. 26..69 0.00 953.31 2..72
5611 52130 TOOLS/ EQUIP (NON-CWP]TOT) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
561.1-52010 FOOD SUPPLIES 2,250.00 170.18 0.00' 1,693..94 0.00 606.06 73.06
5611-52990 oTTIER 5,000.00 4,410.00 0,1])) 4,410.00 0.00 590.00 88.20
TOTAL SUPPLIES 13,730,00 9,633.62 0.00 7,632.84 0.00 6,097.16 55.59
MATERIALS :FOR MATNT,NINE
5611 54630 TOOLS & "'QUIPMCNT 0.00 0.00 0.00 0.00 0.00 0.00 0.-00
5611-54E,.0 COMPUTER. HARD/SOFTIIAR. 3,000.00 105.00 0.00 3,025.66 0.00 ( 25.66) 100.86
56-11_-1 34990 OTI]!'0 0.00 0.00 0.00 0.00 0s00 0.00 0.00
. .. .-. .ate _. .... -,. ....
TOTAL MAT,ERIALS FOR 21ATNTFNANC: 3,000.00 105.00 0.00 3,025.66 0.00 ( 25.66) 100.86
CONTRACTUAL SERVICES
.. ,WSW-. ...,..s.-. ,..
56'1 56030 INLF\TIVE„ 1,160,521.00 190,739,24s 0.00" 924,828.07 0.00 235,1,92.33 79.69
5611_.56040 SPECIAL SERVICES 381,851.00 15,458,01. 0.0(1 263,.569..39 0.00 :118,28:7..6L (9.02
561.1 .5E0ROADV'.RTISLNG 144,700.0C) 22,616.00 0.f)0' 78,35.00 0.00 66,343,0E 54.15
.5611-56090.COMMUNITY DEVELOPMENT 52,000.00 5,890.82 0.00'.: 41,181.13 0.00 ]0,81.8,87 7:9.19
56:m1-56.1.1.0 CO1EMUNIC:AT.IONS 9,350.00 606,.:71 0.00. 8,.759.94 0.00 595,06 93.64
561-.1--56180 RENTAL 29,328.00 194..00 0.00 29,337.92 0.00 I 9.42)' 100.03
5611 562,0 TRAVEL & TRAINING 38,848.00 2,318 47 0.110r 38,796.53 0.00 5.1,47 99.87
76',_:1 56250 DUES & SUOSCFTI'l"ONS 21,873.00 847,01 0,00 17,978.87 0.00 3,894,13 82.20
5611 56310ENSURANCE -4,310..00 0.00 0.15) 3,266.43 0.00 1,041,57 75.79
56I1-5651.0 AUDIT & LEGAL SERVICES 33,010.00 1,072.30 0.00'= 29,862.79 0.00 3,147.21 90.47
56T4. `:6570 ENG-INEERINC/ARCHI'.tECTC1RAL 42,81,3.00 2,565..70 0.001 50,177.77 0.00 ( 7,314.77). 117.07
56i1_ 5F:610 []TILIZCi°SS ELECTRIC ;?,400.OG O.CO O.00'. 1t818.91 0.00 581,59 75.77
,.- .-..w...a .w,.... _,. 00 m-u ..m.,....._ ....
a'OTAI, CONTRACTUAL SERVICES '1,921,054.00 242,258.26 0.00 1,487,928.75 0.00 433,125.25 77.45
b
10-20-2017 02,59 PM CITY OF WYLIE PAGE: 4
REVENUE AND EXPENSE REPORT - (UNAUDITED)
AS OF° SEPTEMBER 30TH, 2017
111-WYIJE ECONOMIC DEVEL CORP
DEVELOPMENT CORP-WEDC
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAI, ENCUMBRANCE BALANCE BUDGET
DEBT SERVICE & CAP. REPL
5611-57110 DEBT' SERVICE 1,910,906.00 181.61 0.00 181,61 0.00 1,910,724.39 0.01
5611-57410 PRINCIPAL PAYMENT 0.00 56,145.63 0.00 2,657,932,35 0,00 ( 1,657,932_35) 0,00
5611-57415 INTEREST EXPENSE 0.00 17,746.80 0.00 204,338.03 0,00 ( 204,338.03) 0.00
5611-57710 BAD DEBT EXPENSE 0•°9 . .0.,0.9. ,....,.. o.00 o.00 c.00 o.00 o oo, .
TOTAL DEBT SERVICE & CAP, REPL 1,910,906.00 74,074.04 0.00 1,862,451.99 0.00 48,454.01 97.46
cAPITAL OUTLAY
5611-hB110 IAND-PURCHASE PRICE 331,439.00 0.00 0.00 2,572,055.61 0,00 ( 2,240,616.61) 776.03
5611-58120 DEVELOPMENT FEES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
h611-58150 LAND-BETTERMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5611-58210 STREETS & ALLEYS 686,700.00 0.00 0.00 490,644.68 0.00 196,055,32 71.45
5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0,00 0.00 0.00
5611-58810 COMPUTER HARD/SOFTWARE 5,000.00 171.92 0.00 3,849.20 0.00 1,150.80 76,98
5611-58830 FURNITURE & FIXTURES 2,500.00 0.00 0.00 0.00 MO 2 50°,00
56H-58910 'BUILDINGS 0.00 0.00 0.00 0.00 0,01) 0.00 0.00
5611-5899S CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 ( 2 572,055.61) 0,00 2,572,055.61 0.00
___ ......,
TOTAL CAPITAL OUTLAY 1,025,639.00 171.92 0.00 494,493.88 0.00 531,145.12 48.21
OTHER FINANCINC (USF9)
5611-59111 TRANSFER TO GENERAL FUND 0,00 0.00 0.00 0.00 0.00 M° 0.00
5611-59190 TRANSFER TO THORUGHFARE IMP a'°° 0,00 o,oa o,00 o.00 1-3,00 0.00
5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0.00 0.00 0,00 0.00 0,00 0.00
b611-59.990 PROjECT ACCOUNTING 0.00 0,00 0,00 0.00 0.00 0.00 0.00
TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0,00 0.00
TOTAL DEVELOPMENT CORP-WEDC 5,283,711.00 378,374.15 0.00 4,258,919.84 0.00 1,024,791.16 80.60
TOTAL EXPENDITURES 5,283,711,00 378,374.1.5 0.00 4,258,919.84 0.00 1,024,791.16 80.60
REVENUE OVER (UNDER) EXPENDITURES ( 992,623.00) ( 152,927.65) 0.00 984,962.17 0.00 ( 1,977,585.17) 99.23-
*** END OF REPORT ***
10-23-2017 11:35 AM DETAIL LISTING PAGE: 1
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Sep-2017 THRU Sep-2017
DEPT : 611 DEVELOPMENT C0RP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST LATE TRAN -f REFERENCE PACKET ____. -DESCRIPTION--...----- VEND LNV/JE # NOTE -===AMOUNT=-= - -BALANCE=
5611-52010 OFFICE SUPPLIES
BEGINNING BALANCE 1,498.77
9/30/17 10/05 A97906 CHK: 092325 94281 CgARDSTOCK 000392 26132 WEDC 16.00 1,514.77
9/30/17 1 /05 A97907 CHK. 092325 94281 FOLDERS, BATTERIES, ENVE 000392 26183 WEDC 22.15 1,536.92
9/30/17 10/18 A99072 DFT: 000451 9486A BATTERIES 00091.2 82.77A SF.P17 WYGANT 15.29 1,552.21
SEPTEMBER ACTIVITY DB: 53.44 CR.: 0..00 53.44
561.1-52040 POSTAGE & FREIGHT
BEGINNING. BALANCE 26.69
5611-52130 ..TOOLS/ EQUIP (NON-CAPITAL)
BEGINNING BALANCE 0.00
5611-52160 TOOLS/ EQUIP - $100-$999.99
BEGINNING B A LAN C E 0.00
5611-52810 FOOD SUPPLIES
BEGINNING BALANCE 1,.473.76
9/19 17 9/19 A96312 DFT: 000431 93780 WEDC BOARD MTG MEAL 000912 8277 7,EP17 WYGANT 15.16 1,488.92
9 19/17 9/19 A96312 DFT: 000431 93780 WEDC BRD MTG MEAL 000912 8277 6E1817 WYGANT 10.53 1,499.45
9/19/17 9/19 :96312 DFT: 000431 93780 ROTARY MTG. MEAL 000912 8277 SENN, WY(L8 T 31.80 1,531.25
9/90/17 10/18 A99472 OFT: 000457 94864 REIMB WYGANT TOURN FOOD 000912 82 7A S P17 WYGANT 69.93 1,601.16
9/30/17 10/18 A99072 DFT: 000451 94864 WEDC BRD MTG MEAL 000912 6277A SEP1.7 WYGANT 19.69 1,620 87
9/30/17 10/18 A99072 DFT: 000451. 94864 WEDC BRD MTG MEAL 000912 8277A 1EFx`17 WYGANT 5.40 1.,626..27
9/:30/17 10/18 .A99072 DET: 000451 94864 WEDC BOARD MTG MEAL 000912 6977A 5E&'1",P WYGANT 7.14 1,633.41
9/30/17 1.0/16 A99072 OFT: 000451 94864 WEDC BOARD MTG MEAL 00091.2 8277A ;,EP11 WBGrANT: 10.53 1,643,94
- --_ _ ,.-- SFPTEC4.£3PR ACTTVgTY DEi: 170..18 CR 0.00 170.1.8
5611-52990 OTHER
BEGINNING A A L AN CE 0.00
9/28/17 9/28 A.97034 CMS: 092048 94024GALE COURSES-SML BUS CTR 0041e51 NO. 61800223 4,440.00 4,.410.00
x SEPTEMBER ACTIVITY.DB: 4,410..00 CR: 0.00 4,410.00
5 611-5 4 6 3 0 TOOLS & EQUIPMENT.
10-23-2017 1135 AM DETAIL LISTING PAGE: 2
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Sep-2017 THRU Sep-2017
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAM # REFERENCE PACKET - DESCRIPTION VEND INV/JE # NOTE ----=-AMOUNT---- --BALANCE--
BEGINNING BALANCE 0.00
5611-54810 COMPUTER HARD/SOFTWARE
BEGINNING BALANCE 2,920.66
9/30/17 10/18 1198998 OCT: 000450 94835 NETWORK SVC MAINTENCE 000912 8277A SEP17 GRETNE 105.00 3,025.66
,,, ,,,,------ SEPTEMBER ACTIVITY DB: 105.00 CR: 0.00 105,00
----------------------------------------------------------------------------------------____-_—_—___________—_______________
5611-54990 OTHER
BEGINNING BALANCE 0.00
5611-56030 INCENTIVES
BEGINNING BALANCE 734,088.83
9/19/17 9/19 A96378 CHK: 091863 93788 ACG TEXAS INCENT 1 / 1 004904 091617 INCENT #1 35,000,00 769,088.83
9/28/17 10/11 858351 M15C 092817 16349 JE27373 WOODBRIDGE SLS TAX REI JE# 027373 60,915,35 830,001.18
9/28/17 9/28 A9703% CHK 092053 94024 PATNA INCENT 2 OF 2 004683 INCENT 2 10,000,00 840,004.18
9/30/17 10/10 1198201 OFT 000441 94482 091917 SALES TAX REIMB R 003019 091917 60,915,35 900,919.53
9/30/17 10/20 A99250 CHIC: 092576 94922 ORTLY SALES TAX RE1MHURS 003990 101717 WEDC 23,908,54 924,828.07
SEPTEMBER ACTIVITY DB: 190,739.24 CR: 0.00 190,759.24
-----------------------------------------------------------------------------------_-_----------_._____________________________
5611-56040 SPECIAL SERVICES
BEGINNING BALANCE 248,111.38
9/06/17 9/06 A95109 CHK: 091541 93407 TCEO VCP-605 COMM-JUN 17 001320 VCE0041526 1,408.75 249,520.13
9/06/17 9/06 A95110 COW: 091541 93407 TCEQ VCP-605 COMM-JUN 17 0111320 VCP0041527 1,926.25 251,416.36
9/12/17 9/12 A95787 CHK: 091699 93644 QRTLY PEST CONTROL 000792 92501 WEDC 95.00 251,541.38
9/13/17 9/13 1195845 CHK: 091718 93659 MOW-COOPER DRIVE 001173 082117 WEDC 180.00 251,721,38
9/13/17 9/13 A95845 CHK° 091718 93659 MOW-FLWR SHOP 001173 082117 WEDC 45.00 251,766.30
9/13/17 9/13 A95845 CHK 091718 93659 MOW-HWY 78 001173 082117 WEDC 175.00 251,941.38
9/13/17 9/13 A95845 CHK: 091718 93659 MOW-544 LOT BY RR 001173 082117 WEDC 120.00 252,061.38
9/13/17 9/13 A95845 C11K: 091718 93659 MOW-CLD 5 SVR LOT 001173 082117 WEDC 120.00 252,181.38
9/13/17 9/13 A95845 CHK: 091718 93659 MOW OLD & SIVA BLDG 001173 082117 WEDC 120.00 252,301.38
9/13/17 9/13 A95846 CHK: 091718 93659 MOW-COOPER DR -3 001173 083017 WFDC 180.00 252,481.38
9/13/17 9/13 A95846 CHK: 091718 93659 MOW-HWY 78 001173 083017 WFDC 175.00 252,656.38
9/13/17 9/13 1195848 CHIC: 091717 93659 JANITORIAL SVC - SEPTEMB 002330 40612 157.50 252,813.88
9/13/17 9/13 A95852 GHK: 091719 93659 HWY 78 EASEMENT SURVEY 004737 65893 475.00 253,288.68
9/19/17 9/19 A96392 CHK: 091867 93192 MOW-000H 001173 091317 WEDC 45,00 253,333.88
9/19/17 9/19 A96392 C1-1K 091867 93792 MOW-COOPER CURVE 001173 091317 WEDC 60,00 253,393.88
9/19/17 9/19 1196392 CHK: 091867 93792 MOW-DUEL PROD 001173 091317 WEDC 60,00 253,453.88
9/19/17 9/19 A96392 CHIC: 091867 93792 MOW-COOPER BY WAGS 001173 091317 WEDC 60,00 253,513.86
9/19/17 9/19 A96392 CHK: 091867 93792 MOW-OLD & SILV BLDG 001173 091317 WEDC 120.00 253,633.88
9/19/17 9/19 A96392 CHK: 091867 93792 MOW-OLD & SILV LOT 001173 091317 WEDC 120,00 253,753.88
10-23-2017 11:35 AM DETAIL LISTING PAGE: 3
FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Sep-2017 THRU Sep-2017
DEPT : 611 DEVELOPMENT CORE-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET - -DESCRIPTION-- VEND INV/JF R NOTE AMOUNT3=== ====-BALANOE----
9/19/17 9/19 A96392 CHK: 091867 93792 MOW-LOT NXT TO RR 001173 091317 WEDC 120.00 253,873.88
9/19/17 9/19 896392 CHK: 091867 93792 MOW-605 COMM LOT 001173 091317 WEDC 180.00 254,053.88
9/19/17 9/19 896392 CHIC: 091867 93792 MOW-HWY 78 001173 091317 WEDC 175.00 254,228.88
9/28/17 9/28 897029 CHIC: 092054 94024 CLEAN UP 605 COMM-VCE 001320 VCP0041687 718.75 254,947.63
9/28/17 9/28 897036 1114: 092055 94024 PROF SERVICES HWY 78-VCP 004337 24832 01459,008 1,451.11 256,398.74
9/28/17 9/28 A97036 CHK: 092055 94024 PROF SERV 605 COMM /KIRB 004337 24832 01459.008 5,216.45 261,615.19
9/28/17 9/28 A97036 CHK: 092055 94024 ENV SOIL MGMT-KIRBY 004337 24832 01459.008 1,194.20 262,809,39
9/30/17 10/20 899247 CHK: 092578 94922 MOWING - UDOH 001173 092617 45.00 262,851.39
9/30/17 10/20 A99247 CHK: 092578 94922 MOWING - DUEL ROAD 001173 092617 60.00 262,914.39
9/30/17 10/20 899217 CHI': 092578 94922 MOWING - COOPER CRV 001173 092617 60.00 262,974,39
9/30/17 10/20 A99247 CHK: 092578 94922 MOWING - COOPER BY WALGR 001173 092617 60.00 263,034.39
9/30/17 10/20 A99247 CHK: 092578 94922 MOWING - KIRBY ERICK BID 001173 092617 120.00 263,154.39
9/30/17 10/20 A99247 CUR: 092578 94922 MOWING - KIRBY LOT BY BL 001173 092617 120.00 263,274.39
9/30/17 10/20 A99247 CHK: 092578 94922 MOWING - COMMERCE 001173 092617 120.00 263,394.39
9/30/17 10/20 A99247 CHK: 092578 94922 MOWING - HWY 78 001173 092617 175.00 263,569.39
,---:-,,,,--,,, SEPTEMBER ACTIVITY DB: 15,458.01 CR: 0,00 15,458.01
--_-___-_-_____________-_—_-_—_-______-_—__-_—_—_-----------_-_-------------------------------------------------
5611-56080 ADVERTISING
BEGINNING BALANCE 55,741.00
9/12/17 9/12 A95793 CHK: 091708 93644 DOWNTOWN ADV. GRANT 001078 313 WEDC 5,000.00 60,741.00
9/13/17 9/13 835843 0HK: 091720 93659 WYLIE NEWS-FLL SETS 000391 15105 WEDC 545.00 61,286.00
9/13/17 9/13 A95844 CHK: 091720 93659 IN & ARND-SEPT 17 000391 15125 WEDC 1,555.00 62,841.00
9/25/17 9/25 A96727 CHK: 091957 93916 WEBSITE DESIGN 2 OF 2 004395 2567 WEDC 8,516.00 71,357.00
9/30/17 10/05 A97908 CHIC 092324 94281 INVITATIONAL BACKPACKS 000832 103 WEDC 4,000.00 75,357.00
9/30/17 10/19 899186 CHK: 092570 94899 CONNECTION NAG AD FULL P 000468 8422 WEDC 1,500.00 76,857.00
9/30/17 10/20 A99246 CHW: 092581 94922 CONNECTION ADVERTISEMENT 000468 8514 WEDC 1,500.00 78,357.00
SEPTEMBER ACTIVITY DR: 22,616.00 CR: 0.00 22,616,00
5611-56090 COMMUNITY DEVELOPMENT
BECENNING BALANCE 35,340.31
9/06/17 9/06 A95106 ONE 091544 93407 RODEO -CHUTE SPONSOR 000468 8467 WFDC 1,200,00 36,540.31
9/18/17 9/18 A96284 DFT: 000431 93773 WEDC INVITATIONAL 000912 8277 SEP17 SATTER 2,914.00 39,454.31
9/18/17 9/18 896284 OFT: 000431 93773 WEDC INVITAT DEPOSIT 000912 8277 SE017 BATTER 617.70 40,072.01
9/19/17 9/19 A96410 CHK: 091881 93802 RODEO SPONSOR SEPT 8-9 000468 8504 WEDC 360.00 10,432.01
9/19/17 9/19 A96312 OFT: 000431 93780 CHRIS. CARE CTR MAIL 000912 8277 50117 WYGANT 9.80 40,441.8?
9/19/17 9/19 806317 DOT: 000431 93780 CC TOURN TROPHIES 000912 8277 SEP17 WYGANT 260.00 40,701.81
9/26/17 9/26 C58190 RCPT 00888092 24039 CC TROPHY REIMBURSEMENT 260,00OR 40,441,81
9/30/17 10/18 A99079 OCT: 000451 94875 CHRTSTIN CARE GOLD TOURN 000912 8277A SEP17 SATTE 339.32 40,781.13
9/30/17 10/20 899246 CHK: 092581 94922 RODEO SPONS TICKETS 000468 8514 WFDC 400,00 41,181.13
SEPTEMBER ACTIVITY DB: 6,100.82 CR: 260.00CR 5,810.82
10-23-2017 11:35 AM DETAIL LISTING PAGE: 4
FUND : 111-WYLIE ECONOMIC BEVEL CORP PERIOD TO USE: Sep-2017 THRU Sep-2011
DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910
POST DATE TRAM -ft REFERENCE PACKFT======DESCRIPTION------- VEND INV/JE ft NOTE --AMOUNT-- ----BALANCE----
----------------------------------------------------------------------------_____________-_—___________________...________________
5611-56110 COMMUNICATIONS
BEGINNING BALANCE 8,148.23
9/12/17 9/12 A95797 CHK: 091701 93644 INTERNET SVC 004568 2101577989 AG25-SP 202.30 8,350,53
9/19/17 9/19 2196412 CHIC: 091680 93802 TABLET SVC -WEDC 001797 82249579907 AUG17 113.97 6,464,50
9/30/17 10/18 A99079 OFT: 000451 94875 TELEPHONE SERVICE AUG 000912 8277A SEP17 SATTE 176.47 8,640.97
9/30/17 10/20 A99248 CBE: 092580 94922 TABLET SVC-WEDC 0E202-0C 001797 82249579907 SEP17 113.97 8,754.94
-,,,,,,,,=, SEPTEMBER ACTIVITY DB: 606.71 CR: 0.00 606.71
-----___-__-_-______________________________----------------------------------------_-_______-----_-_-____-_------------------------
5611-56180 RENTAL
BEGINNING BALANCE 29,143.42
9/13/17 9/13 A95849 CUE: 091712 93659 COPIER RENTAL 003509 100234 194.00 29,337.42
-,-,-- ---,,, SEPTEMBER ACTIVITY DBt 194.00 CR: 0,00 194,00
---------------------------_-------------------------------------------------------------------------------------------------------
5611-56210 TRAVEL ( TRAINING
BEGINNING BALANCE 36,478.06
9/18/17 9/18 A96262 OFT: 000431 93771 RET LIVE-HOTEL-GREIN 000912 8277 SEP17 GREINER 137.53 36,615.59
9/18/17 9/18 2196262 BET t 000431 93771 RE LIVE-MEAL-CREINER 000912 8277 SEP17 GREINER 5.29 36,620.88
9/18/17 9/18 A96262 DFT: 000431 93771 RET LIVE-MEAL-GREINE 000912 8277 SEP17 GREINER 7.12 36,628.00
9/18/17 9/18 A96262 BET t 000431 93771 RET LIVE-CAR-GREINER 000912 8277 SEP17 GREINER 146.25 36,774.25
9/18/17 9/16 A96262 DFT: 000431 93771 RET LIVE-PKG-GREINER 000912 8277 SEP17 GREINER 43.00 36,817.25
9/18/17 9/18 2196262 DETt 000431 93771 RET LIVE-PKG-GREINER 000912 8277 SEP17 GREINER 24.00 36,841.25
9/18/17 9/16 A96262 OFT: 000431 93771 RET IJVE-GAS-GREINER 000912 8277 SEP17 GREINER 19.03 36,860.28
9/16/17 9/18 A96262 OFT: 000431 93771 RET LIVE-GAS-GREINER 000912 8277 SEP17 GREINER 24.95 36,885.23
9/18/17 9/18 2196284 OFT: 000431 93773 BUS MTG-OTTE, CUE 000912 8277 SEP17 SATTER 10.38 36,895.61
9/18/17 9/18 A96284 DFT: 000431 93773 BUS MTG-INVENTRUST 000912 8277 SEP17 SATTER 66.71 36,962.32
9/18/17 9/18 A96284 OFT: 000431 93773 BUS MTG - OTTE 000912 8277 SEP17 SATTER 9,45 36,971.77
9/18/17 9/18 A96284 DFT: 000431 93773 CART RENTAL 000912 8277 SEP17 SATTER 20.03 36,991.80
9/18/17 9/18 A96284 OFT: 000431 93773 BUS. MTG-PARKER.HERZ 000912 8277 SEP17 SATTER 27.86 37,019.66
9/18/17 9/18 A96284 BET t 000431 93773 BUS MTG- GILCHRIST 000912 8277 SEP17 SATTER 19.49 37,039.15
9/19/17 9/19 A96312 OFT: 000431 93780 RETAIL IJVEREG-GREIN 000912 8277 SEP17 WYGANT 295,00 37,334.15
9/19/17 9/19 A96312 DFT: 000431 93780 TX DWNTN ASSOC-REG 000912 6277 SEP17 WYGANT 385.00 37,719.15
9/19/17 9/19 2196317 OFT: 000431 93780 ICSC-TX CONF. DI MKG 000912 8277 SEP17 WYGANT 590,00 38,309,15
9/30/17 10/18 A98998 OFT: 000450 94835 TEDC GRIENER AIR 000912 827721 SEP17 GRETNE 217.40 38,526.55
9/30/17 10/18 A98998 OFT: 000450 94835 TFOC GRUNER BR?) MTG 000912 8277A SE1P17 GREINE 243.40 38,769.95
9/30/17 10/18 A99079 DFT: 000451 94875 BUSINESS MEET SATER COPP 000912 8277A SEP17 SATTE 7.58 38,777.53
9/30/17 10/18 A99079 OFT t 000451 94875 BUSINESS MEET GRFTN COPP 000912 8277A SEP17 SATTE 19.00 38,796.53
--,.,.,-,-,=,---- - SEPTEMBER ACTIVITY DB: 2,318.47 CR: 0.00 2,318.47
10-23-2017 11:36 AN DETAIL LISTING PAGE.; 8
FUND Ill-WYLIE ECONOMIC DUVAL CORP PERIOD TO USE: SETG2017 TABU SAID-2017
DEPT t 611 DEVELOPMENT GOAD TWEDC ACCOUNTS: 5611-62E10 THAD 6611-66E1D
POST DATE 'IRAN # REFERENCE AACAUT000GEADESCEIRTIONETTATTA VEND INA/jE 2,44-2AMEO1/11s-232 A 46 AaAIANCS6226
PROFESSIONAL TRAINING
BEGINNING BAIANoE 0.80
DUES 4 SUBSCRIPTIONS
,
BEGINNING DAL, ANcE 17,131,86
9/18/17 9/18 A96284 OFT: D00431 93773 CLUB CORP DUDS 611)9912 8271 ,EEPI'l S.A1'"71E1 659.51 11,791.37
9/30/17 10/18 ADEASE DiAT:' 000450 94825 NTCAR DBES 000912 82177/ SE817 GRETNE 1,57,50 17o978<S7
SEPTEMBER ACTIVITY D5; 84701 CR: 0..00 E47,01
5611-66310 INSURANCE
BEGINNING BALA, NoE, 1,266043
------------------_---2.----__---------------------_--_-----------_,-_----_-------------------__-_-_-__---- -
6611-66619 AUDIT 3 LEGAL SERVrCgS
BEGINNING BAL, A IqCE 28'79°,49
E/I3117 9/19 2/9640E EN'S 991E96 93802 ANT' FEE-FESTIV 4 O[NMI 000023 97 WEDC 2793-0001M 19072.20 29,6E2.79
666266-67-66-A SEPTEMBER. ACTIVITY DB: 1,072.30 ER o.00 1,072-30
5611 20/5,90 ENGINEERING/ARCHITECTURAL
BEGINNING AALANcE 47,612.07
9/30/17 10/11 A66391 DAKI 092412 94661 ALLEY DESIGN RAN F JEFFS,' 00E196 1/190 2,666,70 50,177,77
EEPTEMEAR ACTIVITY 39 2,666.10 CA: 0,00 2,666,70
-------------------------------------------_-------------_---_--------------------------------------------___-------___---222-222---
5611-56610
, UTILITIES-ELECTRIC
B ECINNTAC BALANDS 1,61941
--_____--- --2.- -2 -__-------- --
ADLI 9E9110 DEBT SERVTGR
AEGINING BALANe 0200
9/39/17 10/11 1898391 C3114'4 092413 9410/1 UTTLIT1ES ELECTRIC 8114-1' 003202 I/716661871 8G4-SP 151.85 151.85
9/30/17 10/11 18839k1 CH38.: 092411 94561 UTILITTES RATER 001302 /22E1040201 008P11 16,92 168.79
E/30/17 /0/11 1838199 GAN.: 0E2412 A4661 UTILITIES GAS
003202 30292E7066 AVGIT 12.84 181,61
22E233E262 26 SEPTEMBER ACTIV-ETY DIA! 1E1,61 CR: 0.00 181.61
10-23-2017 11635 AM DETAIL LISTING PAGEL 6
FUND 111-WYLIE ECONOMIC BEVEL CORP PERIOD TO USE6 Sep-2017 THRU Sep-2017
DEBT 611 DEVELOPMENT GORP-WEDG ACCOUNTS: 5611-52E10 THRU 5611-58910
POST DATE TRAN # REFERENCE PACKET=k6===DFSCRIPTION------ VEND INV/JE #
5611-57410 PRINCIPAL PAYMENT
BEGINNING BALANCE 1,601,786.72
9/01/17 9/19 B58120 Bak Dft 090117 16262 JE27227 K&M PMT #24 JE# 027227 8,047.13 1,609,833.85
9/12/17 9/19 858136 Bnk Oft 091217 16273 JE27242 PEDDICORD/WHITE PMT#33 JE# 027242 5,428.39 1,815,762.24
9/15/17 9/19 858143 Bnk Dft 091517 16277 11E27248 WB PKWY PMT #37 JE# 027248 12,008,84 1,621p2171.08
9/21/17 10/03 858288 Bak Dft 092117 16329 JE27326 BUCHANAN PMT #37 JE# 027326 6,800.25 1,634071G33
9/22/17 10/03 858290 Bak Dft 092217 16330 JE27328 JARRARD PROP #9 JEk 027328 2,044.46 1,6360115.k9
9/22/17 10/03 858291 Bnk DLL 092217 16330 JE27329 EDGE PMT #15 JB# 027329 11,816.06 1,647,931.85
9/28/17 10/04 B58302 Bak Dft 092817 16336 JE27337 HUGHES/BANDAGE PMT#58 JE# 027337 10,000,50 1,657032.35
*6***G666,6,68 SEPTEMBER ACTIVITY DB: 56,145.63 CR: 0.00 56,145.63
5611-57415 INTEREST EXPENSE
BEGINNING BALANCE 186,591,23
9/01/17 9/19 B58120 Bnk Dft 090117 16262 JE27227 KkM PMT #24 JE# 027227 698.12 187,289.35
9/12/17 9/19 858136 Bnk Dirt 091217 16273 JE27242 PEDDICORD/WHITE PMTk33 JE# 027242 1,954.06 189,243.41
9/15/17 9/19 858143 Bnk Dft 091517 16277 JE27248 WB PKWY PMT #37 JE# 027248 1,259.09 190,502.50
9/21/17 10/03 B58288 Bnk Dft 092117 16329 JE27326 BUCHANAN PMT #37 JE# 027326 531.70 191,034.20
9/22/17 10/03 858289 Bnk Bet 092217 16330 JE27327 DALLAS WHIRIPL PMT #10 JET8 027327 6,888.89 197,923,09
9/22/17 10/03 B58290 Bnk Dft 092217 16330 JE27328 JARBARD PROP #9 JE# 027328 1,064,69 198,987.78
9/22/17 10/03 B58291 Bnk Dft 092217 16330 JE27329 EDGE PMT #15 JE# 027329 5,243.75 204,231.53
9/28/17 10/04 B58302 Bnk Dft 092817 16336 JE27337 HUGHES/BANDACK PMT#58 JE# 027337 106.50 204,338.03
kk66666868==6. SEPTEMBER ACTIVITY DB: 17,746.80 CPT 0.00 17,746.80
5611-57710 BAD DEBT EXPENSE
BEGINNING BALANCE 0.00
5611-58110 LAND-PURCHASE PRICE
BEGINNING BALANCE 2,572,055,61
-------------
5611-58120 DEVELOPMENT FEES
BEGINNING BALANCE 0.00
5611-5E1150 LAND-BETTERMENTS
BEGINNING BALANCE 0.00
5611-58210 STREETS & ALLEYS
10-91-2017 11:39 AM BETATL LBNT1NG BADE: 7
FUND : Ili-WYLIE ECONOMIC BEVEL CORP PERIOD TO NSF: SRN-T(117 ERSD BBB-FAIT
DEPT ; NI! BEBBLopmENT coRp_wEpc
AN S911-92010 THRU 561.1-58910
POST DATE TRAM B RBSISSENCE BACKETRRRBERDESCSIPTIONRRsv-DR 'BEND INVBRE NOTE vvvv3AMOUBTREGB BERBRATENNERGBR
BEGINNBNG MALANGN 490,644,.68
5611 999410 SANITARY SEWER
BEGINNING BALANCE 0.00
5611-58919 VOMPUTEN HARDIEORTNARE
BEGINNING NALANcE, B0977,28
NBBODIF 111I5 A98998 PET: 000450 94835 DOMAIN REGISTRATION III BIT IF NRRI7 GBETBE 171,99 5ott49-20
BEFTEMBDR ACTIVITY DB; 171.92 CR: Sd00
--------------------------------------------------------------------------__-___-_________----_--____________-_------__---_-------_-
5611-989SG FIRMS LIVE I FIXTURES
BEGINNING BALANcE 0.00
5911-99919 BurLoINGs
EGINNIND BALANCE 0-00
900 ERRORS IN THIS REBORED
*I REPORT TOTAL: .* - DEBITS CBGNITS ---
BEGINNING BALANCES; 9,106,34B-9B 0.09
BEBNBBEN ACTIVITY: Y21,90.2„84 290.00CS
ENDING BALANCES: 6,421,848,73 260„00CF
TOTAL FUND ENDING BALANCE; 9,427,RBBL7H
Lr--?, - 01F 1:35 AM & T A I L L< I S 'I I N IAINI 8
NNLRI:.I I+�IN CRITERIA
FISCAL YEAR; (Ot-?1111 C Set:+' DIF
FUND: 1r1C I»1de. 'al
PERIOD I II) TO USE': Sep--2L1I'3 T''1RU 4 p.;0,LO
TRANSrN.I EOils: BOTH
ACCOUNT SELECTION
ION
ACCOUNT Rx'4NC<I 5611=A?010 "Z'100&, 5611-A0R10
DEPARTMENT RANGE! - 1111t€I
ACTIVE z1INII.S 1LNLY NO
ACTISr'I, ACCOUNT ONLY: NO.
INCLUDE RESTRICTED ACCOUNTS: NIl
DIGIT ,.ELECTION
PRINT OPTIONS DETAIL
OMIT ACCOUNTS L%NTS WITH NO Al T aVITY: NO
PRINT 1INC1J'01RANCTS NI
PRINT VENDOR NA1AP NI
PRINT PROJECTS; NO
PRINT JOURNAL ENTRY N TES: NO
FRONT IIUNItILY IL VALS'' YES
PRINT GRAND TOTALS: NO
PRINT: INVOICE
IACIN BREAK 11Y: NONE
" END OF REPORT
Wylie Economic Development Corporation
Balance Sheet Sub Ledger
September 30, 2017
Notes Payable
Date of Rate of Principal
Purchase Payment Be inning Bala Principal Interest Interest Balance
September 1, 2017 4,334,820.36
ANBTX-88130968 HUGHES/RANDACK(#58 of 60) 10/23/12 10,107.00 30,910.50 10,000.50 106.50 3.99 20,910.00
ANBTX-88130976 WOODBRIDGE PKWY (#37 of 60) 8/15/14 13,267.93 560,665.44 12,008.84 1,259.09 2.61 548,656.60
ANBTX-88148481 BUCHANAN(#37 of 60) 8/13/14 7,331.95 169,240.85 6,800.25 531.70 3.77 162,440.60
ANBTX-881497/1 PEDDICORD/WHITE(#33 OF 120 12/12/14 7,382.45 558,302.04 5,428.39 1,954.06 4.20 552,873.65
ANBTX-88158043 K&M/HOBART(#24 of 48) 9/2/15 8,745.25 209,435.18 8,047.13 698.12 4.00 201,388.05
ANBTX-88157334 LINDUFF/EDGE(#15 of 27) 10/21/15 17,059.81 522,349.45 11,816.06 5,243.75 4.25 510,533.39
ANBTX-88158357 DALLAS WHIRLPOOL(#10 of 60) 11/22/16 2,000,000.00 0.00 6,888.89 4.00 2,000,000.00
JARRARD GRAYS AUTO(#9 OF 120) 12/1/16 3,109.15 283,916.90 2,052.13 1,057.02 4.50 281,864.77
September 30, 2017 $56,153.30 $17,739.13 4,278,667.06
Wylie Economic Development Corporation
Inventory Subledger
September 30, 2017
Inventory - Land
Date of Pur. Address _ Acreage Improvements Cost Basis Sub-totals
Cooper McMasters 7/12/05 709 Cooper 0.48 n/a $202,045
Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934
Perry 9/13/06 707 Cooper 0.49 Demo 200,224
Bowland/Anderson 10/9/07 Cooper Dr. 0.37 n/a 106,419
KCS 8/1/08 Cooper Dr. 0.41 n/a 60,208
Duel Products 9/7/12 704 Cooper Dr. 0.50 n/a 127,452
Randack 10/23/12 711-713 Cooper Dr. 1.09 217,500 8,880 400,334
Lot 2R3 7/24/14 Cooper Dr. 0.95 n/a 29,056 $1,312,672
Industrial Ct. Ind Ct-Hwy 78 7/06 -4/16 Ind Ct-Hwy 78 3.32 1,928,306
Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 2,228,799
Regency Regency Pk. 6/4/10 25 Steel Road 0.65 n/a 25,171 25,171
Commerce Hobart Investments 11/12/13 Commerce 1.60 n/a 156,820
Hobart 1/6/14 605 Commerce 1.07 396,263 20,000 386,380
Dallas Whirlpools 11/22/16 900-908 Kirby 4.79 2,182,080 2,725,280
Downtown Heath 3/17/14 104 N. Jackson 0.17 Demo 220,034
Udoh 2/12/14 109 Marble 0.17 n/a 70,330
Peddicord 12/12/14 108/110 Jackson 0.35 155,984 4,444 486,032
City Lot 12/12/14 100 W. Oak St 0.35 n/a
Jones (K&M) 9/3/15 106 N. Birmingham 0.21 42,314 4,125 190,596
FBC Lot 6/15/16 111 N. Ballard St 0.20 n/a 150,964
McMillan 8/24/17 105 N. Jackson 0.26 n/a 89,482 1,207,438
Alanis White Property (Alanis) 12/12/14 Alanis 6.63 n/a 420,336 420,336
South Ballard Birmingham Trust 6/3/15 505 -607 S. Ballard 1.12 Demo 409,390 409,390
Total 25.92 $876,959 44,974 $8,329,086 $8,329,086
*A Journal entry was made by auditors to adjust the cost of the Hughes land by$4,638.79. This amount was for taxes owed and not part of land value,
*Prime Kuts total purchase price was$306,664.45. The distribution between 207 Industrial and R.O.W. purchased was developed by Seller for tax purposes.
(**) Costs Basis adjusted for partial sale of property (.28 acres or 22.76% of the property at a cost basis of$170,755.53).
WEDC EXECUTIVE DIRECTOR
J P MorganChase
Expense Report
August 2017
DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT
08/12/17 Club Corp 659.51 Dues n/a
07/22/17 Club Corp 1 10.38 Bus. Mtg Satterwhite, Otte, Cue
07/25/17 Club Corp 20.03 Bus. Mtg Cart Rental
07/27/17 Club Corp 66.71 Bus Mtg, Satterwhite, Greiner, Inventrust(4)
07/28/17 Club Corp 9.45 Bus. Mtg Satterwhite, Otte
08/23/17 La Joya 27.86 Bus. Mtg Satterwhite, Parker, Herzog
08/24/17 Woodbridge Golf Club 2,914.00 WEDC Invitational Promotional Items, n/a
08/28/17 Chilosos 19.49 Bus. Mtg Satterwhite, Gilchrist
08/31/17 Club Corp 617.70 WEDC Invitational -Pmnt 1 n/a
TOTAL 4,345.13
WEDC Assistant Director
JPMorgan Chase
Expense Report
August 2017
DATE VENDOR PURPOSE AMOUNT
8/31/17 Tickets at Work Retail Live Hotel-Greiner 137.53
8/31/17 McDonalds Retail Live Meal Greiner 5.29
8/31/17 JW Marriott Retail Live Parking -Greiner 43.00
8/31/17 7-Eleven Retail Live Gas-Greiner 19.03
9/1/17 McDonalds Retail Live Meal-Greiner 7.12
9/1/17 Hyatt Hotel Retail Live Parking -Greiner 24.00
9/1/17 Hertz Retail Live Car-Greiner 146.25
9/1/17 Shell Oil Retail Live Gas Greiner 24.95
Total 407.17
WEDC Senior Assistant
JPMorgan Chase
Expense Report
August 2017
DATE VENDOR PURPOSE AMOUNT
8/15/17 Kroger WEDC Board Mtg Meal 15.16
8/16/17 McDonalds WEDC Board Mtg Meal 10.53
8/22/17 Retail Live Registration -Greiner 295.00
8/22/17 Texas Downtown Registration -011ie 385.00
8/22/17 ICSC Texas Dealmaking Conf. Registration -Satterwhite &Greiner 590.00
8/29/17 Napolis Rotary Board Meeting Lunch 31.80
Total 1,327.49
WEDC Leasehold Subledger
Amount
Tenant Address Due Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
Helical Concepts 1st 710-711 Cooper $400 12/22/16 1/25/17 2/27/17 3/22/17 4/27/17 5/25/17 6/23/17 7/25/17 8/25/17 9/26/17
Wheels Unlimited 15th 605 Comm-Ste 201 $1,400 1/19/17 2/14/17 3/13/17 4/17/17 5/19/17 6/7/17 7/18/17 8/18/17 9/14/17 10/17/17
Trimark Catastrophe 15th 605 Comm-Ste 204 $1,000 2/1/17 2/23/17 3/1/17 4/10/17 5/3/17 6/5/17 7/3/17 7/26/17 9/7/17
Dennis Richmond 1st Steel Rd $500 1/10/17 2/20/17 3/6/17 4/13/17 5/3/17 6/8/17 7/10/17 8/7/17 9/8/17 10/4/17 10/16/17
1&Ha If
Austin/Said LLC 1st 605 Commerce $2 000
, 2/13/17 4/13/17 5/12/17 6/16/17 7/11/17 8/21/17 8/29/17 10/23/17
3/17/17 '7\! 1111
Austin/Said LLC 1st 106 N. Birmingham $1,000 2/13/17 3/17/17 4/13/17 5/12/17 5/12/17 6/16/17 7/11/17 8/21/17 8/29/17 10/23/17
,..
DCU 1st 900 Kirby $3,400 1/6/17 1/27/17 2/23/17 3/24/17 4/28/17 5/26/17 6/30/17 7/28/17 8/23/17 9/25/17
.... . r. ,..
Auto Hail 1st 908 Kirby $3,000 n/c n/c n/c n/c 5/8/17 6/1/17 6/30/17 Out
Delta-E 1st 201 Industrial Ct $800 1/6/17 1/25/17 2/23/17,1 3/23/17 4/24/17 5/22/17 6/20/17 7/24/17 8/29/17 9/26/17
(*)Austin/Said LLC-March 2017 payment for 605 Commerce waived due to environmental remediation,removal of slab section,and roll-off dumpsters impeding access.
WYLIE ECONOMIC DEVELOPMENT CORPORATION
SALES TAX REVENUE
FOR THE MONTH OF OCTOBER 2017
MONTH WEDC WEDC WEDC DIFF % DIFF
2015 2016 2017 16 VS 17 16 VS 17
DECEMBER $154,719 $166,418 $197,808 $31,389 18.86%
JANUARY 156,685 163,463 196,347 32,884 20.12%
FEBRUARY 241,858 260,166 276,698 16,532 6.35%
MARCH 171,741 167,082 191,648 24,566 14.70%
APRIL 134,475 154,920 168,844 13,924 8.99%
MAY 211,645 238,646 244,816 6,170 2.59%
JUNE 161,426 180,194 191,732 11,538 6.40%
JULY 159,973 212,620 223,571 10,951 5.15%
AUGUST 216,962 268,976 261,573 -7,403 -2.75%
SEPTEMBER 195,347 197,339 210,974 13,635 6.91%
OCTOBER 160,876 201,506 195,549 -5,957 -2.96%
NOVEMBER 226,078 270,426
Sub-Total $2,191,785 $2,481,757 $2,359,560 $148,229 6.70%
AUDIT ADJ
TOTAL $2,191,785 $2,481,757 $2,359,560 $148,229 6,70%
WEDC SALES TAX ANALYSIS
$300,000
$250,000 -mm............ �._._
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Ir
$200,000 r a°-
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f : 1 1$150,000 k, <x3Fx r. 1 ��ii4. �rrixx I1 {3y. �M9IN
lit I
$100,00000 ,irt ( �'YJ �.
$ 7
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. I
ylie cono isevelo s ent Cor i oration
E ORANDU
TO: WEDC Board of Directors
FROM: 2
Jason Greiner, Assistant Director
SUBJECT: DANK Real Estate, Ltd. Performance Agreement
DATE: October 25, 2017
Issue
Consider and act upon a Performance Agreement between Dank Real Estate, Ltd. and the WEDC
Analysis
DANK Real Estate currently owns a 10,437 SF facility located at 216 Windco Circle here in Wylie, TX.
Deanan Popcorn currently leases the building from the parent company and they need additional space to
continue growing the business. As you will recall, Dank Real Estate purchased the original 5,000 SF facility
for Deanan Popcorn back in 2011. They operated out of the small facility until 2014 when they doubled the
size of the facility by adding 5,437 SF to the building. Over the last year and half the company has finalized
plans for the expansion and nearly outgrown the existing facility. Following direction from the WEDC Board
in Executive Session and an oral commitment by the WEDC staff for assistance, Ms. Barbara Hodge and EDC
Staff met with the City of Wylie to discuss the project.
Ms. Hodge has been evaluating options surrounding the construction of an additional 10,140 square foot
expansion of their existing industrial facility. Ms. Hodge has an estimated construction budget of$1,500,000.
Future plans call for a minimum of eight additional full-time employees and new equipment valued at
$500,000. McCarthy Architecture has been working with Ms. Hodge to develop construction plans and an
overall construction budget. Should the project move forward, construction will begin within the first quarter
of 2018 with an estimated completion date in the fourth quarter of 2018.
The Performance Measures and Incentive Payments are identified as follows.
Incentive No. la $15,600
A Proof of application for Certificate of Occupancy for a 10,140-square foot facility and letter
from the City of Wylie Building Official stating compliance with application requirements by
January 31, 2019; and
A Minimum project cost of$1,500,000; and
A Development Fees imposed by the City of Wylie of not less than $15,600; and
A Proof of twenty-five (25) full-time employees; and
A Ad valorem property taxes current.
WEDC —DANK Real Estate, Ltd. Agreement
October 25, 2017
Page 2 of 2
Incentive No. lb . „ ... $21,500
A Certificate of Occupancy for a 10,140-square foot facility not later than January 31, 2019,
Incentive No. 2 „ , , ...... $22,900
CCAD real& personal property valued at a minimum of$2,100,000; and
A Ongoing operations of Deanan Popcorn; and
A Proof of twenty-nine (29) full-time employees; and
A Ad valorem property taxes current.
Incentive No. 3 „ ,., $23,000
CCAD real & personal property valued at a minimum of$2,100,000; and
A Ongoing operations of Deanan Popcorn; and
A Proof of thirty-three (33)full-time employees; and
A Ad valorem property taxes current.
Should DANK Real Estate fail to meet the Performance Measures for Incentive No. 1, the entire Performance
Agreement is voided in advance. Further, no partial incentive payments will be provided.
Staff Recommendation
Staff recommends that the WEDC Board of Directors approve a Performance Agreement between WEDC
and DANK Real Estate, Ltd. providing for a maximum incentive of $83,000 and further authorizing the
WEDC Executive Director to execute said Agreement.
Attachments
Performance Agreement
PERFO ' • NCE AGREEMENT
Between
WYLIE ECONOMIC DEVELOPMENT CORPO ' TION
And
DANK REAL ESTATE, LTD.
This Performance Agreement (this "Agreement") is made and entered into by and between
the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized
and existing under the Development Corporation Act of 1979, as amended from time to time (the
"Act"), and Dank Real Estate, Ltd., a Texas limited partnership (the "Company").
RECITALS
WHE ' AS, the Company is desirous of making real and personal property improvements
in the form of a 10,140-square foot expansion of their manufacturing and warehouse facility and the
addition of Eight (8) Full-Time Employees at the property (the "Project"). The project will have a
minimum cost of One Million Five Hundred Thousand Dollars ($1,500,000) and is located at 216
Windco Circle in Wylie, Texas (the "Facility"); and
WHE ' AS, the Company has requested that the WEDC provide economic assistance to
offset the cost of the construction for the Project and other expenses associated with constructing
the Facility in the City of Wylie, Texas; and
WHEREAS, the Company currently has Twenty-Five (25) Full-Time Employees with
construction of the Project in the City of Wylie, Texas ultimately creating additional "primary
jobs", as that term is defined in the Act; and
WHEREAS, the WEDC has determined that it is in the best interest of the public and the
City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC
was established to encourage the development and use of business properties within the City; and
WHEREAS, the WEDC has estimated that $15,600 will be assessed by the City of Wylie in
development fees to be paid prior to issuance of Certificate of Occupancy of the Facility; and
WHEREAS, for the public purpose of promoting economic development and diversity,
increasing employment, reducing unemployment and underemployment, expanding commerce and
stimulating business and commercial activities in the State of Texas, and the City of Wylie, the
WEDC desires to offer economic assistance to Company as more particularly described in this
Agreement.
NOW, THE ' FORE, for and in consideration of the promises, covenants and agreements
set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and
Company agree as follows:
I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide
economic assistance in an amount up to, but not to exceed Eighty-Three Thousand Dollars
($83,000.00) (the "Economic Development Incentives"). The Economic Incentives will be
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paid according to the criteria set forth herein with the WEDC's obligation to pay the
Economic Development Incentives terminating on January 31, 2021.
Upon meeting the qualifications and requirements (the "Performance Requirements"), the
Company shall be entitled to the following Economic Development Incentives:
Economic Development Incentive Payment Schedule:
Expected Cost/Value of WEDC Total WEDC Eligibility
Year Incentive Project Incentive Incentive Expiration
2018 No. la $1,500,000 $15,600 $15,600 1-31-2019
2018 No. lb $1,500,000 $21,500 $37,100 1-31-2019
2019 No. 2 $2,100,000 $22,900 $60,000 1-31-2020
2020 No. 3 $2,100,000 $23,000 $83,000 1-31-2021
II. Performance Requirements for Economic Development Incentive.
a. Incentive No. la: An Economic Development Incentive, for the benefit of the
Company, of Fifteen Thousand Six Hundred Dollars ($15,600) will be paid to the City of
Wylie upon completion of the following Performance Requirements for Incentive No. la:
1) Receipt of documentation by WEDC supporting Company's application to
the City of Wylie for a Certificate of Occupancy supporting the construction
of a 10,140-square foot facility expansion located at 216 Windco Circle in
Wylie and a letter from the City of Wylie Building Official indicating
Company has complied with all requirements of said application, approval of
said documentation at the sole and absolute discretion of the WEDC; and
2) Receipt of a 'Permit Fee Receipt' from the City of Wylie for development
fees of not less than $15,600, approval of said documentation at the sole and
absolute discretion of the WEDC; and
a) Should development fees imposed by the City of Wylie exceed $15,600,
Company shall pay 100% of the overage; and
3) Receipt of documentation by WEDC supporting a minimum project cost of
One Million Five Hundred Thousand Dollars ($1,500,000) as evidenced by
paid invoices supporting the minimum expenditures for construction costs
associated with the Project and acquisition/relocation of new personal
property, approval of said documentation at the sole and absolute discretion
of the WEDC; and
4) Company is current on all ad valorem taxes and other property taxes due on
the Facility by January 31 of the year after they are assessed and provide
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written notice and evidence of such payment to WEDC in a form satisfactory
to WEDC; and
5) Employment verification proving a minimum of Twenty-Five (25) Full-Time
Employees at time Agreement is executed.
6) Eligibility expiration for the Company to qualify for this Incentive No. la is
January 31, 2019.
b. Incentive No. lb: An Economic Development Incentive of Twenty-One Thousand
Five Hundred Dollars ($21,500) will be paid to Company upon completion of the following
Performance Requirements for Incentive No. lb:
1) Receipt of documentation by WEDC of a Certificate of Occupancy, for a ten
thousand one hundred and forty (10,140) square foot expansion located at
216 Windco Circle, issued by the City of Wylie, approval of said
documentation at the sole and absolute discretion of the WEDC; and
2) Eligibility expiration for the Company to qualify for this Incentive No. lb is
January 31, 2019.
c. Incentive No. 2: An Economic Development Incentive of Twenty-Two Thousand
Nine Hundred Dollars ($22,900) will be paid to Company upon completion of the following
Performance Requirements for Incentive No. 2:
1) Receipt of documentation by WEDC supporting a minimum valuation of
Two Million One Hundred Thousand Dollars ($2,100,000) for real and
personal property located at 216 Windco Circle in Wylie, Texas as evidenced
by a certified appraisal issued by the Collin County Central Appraisal
District, approval of said documentation at the sole and absolute discretion of
the WEDC; and
2) Company is current on all ad valorem taxes and other property taxes due on
the Facility by January 31 of the year after they are assessed and provide
written notice and evidence of such payment to WEDC in a form satisfactory
to WEDC; and
3) Receipt of documentation by WEDC evidencing the ongoing operations of
Deanan Popcorn at 216 Windco Circle, Wylie, Texas, approval of said
documentation at the sole and absolute discretion of the WEDC; and
4) Employment verification proving a minimum of Twenty-Nine (29)Full-Time
Employees on December 31, 2019.
5) Eligibility expiration for the Company to qualify for this Incentive No. 2 is
January 31, 2020.
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d. Incentive No. 3: An Economic Development Incentive of Twenty-Two Thousand
Nine Hundred Dollars ($23,000) will be paid to Company upon completion of the following
Performance Requirements for Incentive No. 3:
1) Receipt of documentation by WEDC supporting a minimum valuation of
Two Million One Hundred Thousand Dollars ($2,100,000) for real and
personal property located at 216 Windco Circle in Wylie, Texas as evidenced
by a certified appraisal issued by the Collin County Central Appraisal
District, approval of said documentation at the sole and absolute discretion of
the WEDC; and
2) Company is current on all ad valorem taxes and other property taxes due on
the Facility by January 31 of the year after they are assessed and provide
written notice and evidence of such payment to WEDC in a form satisfactory
to WEDC; and
3) Receipt of documentation by WEDC evidencing the ongoing operations of
Deanan Popcorn at 216 Windco Circle, Wylie, Texas, approval of said
documentation at the sole and absolute discretion of the WEDC; and
4) Employment verification proving a minimum of Thirty-Three (33) Full-Time
Employees on December 31, 2020.
5) Eligibility expiration for the Company to qualify for this Incentive No. 3 is
January 31, 2021.
III. WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement,
the WEDC shall pay the Incentives within approximately five (5) days of receipt of the
required documentation from the Company, subject to verification by the WEDC that the
Performance Requirements have been met or exceeded by the Company. Further, Incentives
No. 2 and No. 3 will be paid not sooner than 12 months following payment of preceding
Incentive Payment.
IV, Non-Attainment of Performance Requirements. In the event that the Company does not
meet or exceed a Performance Requirement as specified in Section II (a), the WEDC
Economic Development Incentive will be voided in advance of payment in addition to all
future Economic Development Incentive payments being voided at the sole discretion of the
WEDC. The Company will not be eligible to receive an Economic Development Incentive
payment if documentation supporting Performance Requirements are not received by
WEDC prior to the Eligibility Expiration Date. Company will be notified in writing in the
event a Performance Requirement is not met and have thirty (30) days to cure said default.
V. Economic Assistance Termination. The Agreement may be terminated by mutual
agreement of the parties or by either party, upon the failure of the other party to fulfill an
obligation as set forth in Section II above. Regardless of the Company's level of attainment
of the Performance Requirements set forth in Section II above, the WEDC's obligation to
pay the Reimbursement Incentive will expire in full on January 31, 2021.
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VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or
a condition to any advance in the Agreement, WEDC requests that the Company satisfies its
need for all construction contractors from Wylie residents and purchase all materials,
supplies and services necessary to affect the Project and subsequent occupancy of the
Facility from Wylie merchants and businesses.
VII. Community Involvement. Although not an event of default or condition of any advance
hereunder, the Company agrees to actively participate in community and charitable
organizations and/or activities, the purpose of which are to improve the quality of life in the
City of Wylie, Texas, and to actively encourage its employees to be involved in such
organizations and/or activities.
VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary
Company's records, documents, agreements and other instruments in furtherance of the
following purposes: (i) to ensure the Company's compliance with the affirmative covenants
set forth in this Agreement; (ii) to determine the existence of an Event of Default under the
terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set
forth herein or any related documents. Company will provide reports certifying the status of
compliance, jobs retained, new investments and any other relevant information until the
termination of this Agreement
IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary,
WEDC shall have no obligation to disburse WEDC Economic Development Incentives if
the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is
adjudged bankrupt, or is delinquent on any property tax payments or an Event of Default
under the terms of this Agreement occurs.
X. Non-Payment of Economic Assistance. The following will constitute an Event of Default
and any advance shall not be forgiven in an Event of Default: the Company becomes
insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay
ad valorem taxes, or files suit against the City and/or the WEDC.
XI. Miscellaneous,
a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable
by Company without the prior written consent of the WEDC, which consent may be
withheld by the WEDC in its sole and absolute discretion.
b. This Agreement shall be construed according to the laws of the State of Texas and is
subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated
herein by reference for all purposes. In the event any provision of the Agreement is in
conflict with article 5190.6, article 5190.6 shall prevail.
c. This Agreement contains the entire agreement of the parties regarding the within subject
matter and may only be amended or revoked by the written agreement executed by all of
the parties hereto.
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d. This Agreement shall be governed by the laws of the State of Texas and is specifically
performable in Collin County, Texas.
e. Any notice required or permitted to be given under this agreement shall be deemed
delivered by depositing the same in the United States mail, certified with return receipt
requested, postage prepaid, addressed to the appropriate party at the following addresses,
or at such other address as any part hereto might specify in writing:
WEDC Samuel D. R. Satterwhite
Executive Director
Wylie Economic Development Corporation
250 South Highway 78
Wylie, Texas 75098
COMPANY: DANK Real Estate, Ltd.
216 Windco Circle
Wylie, TX 75098
Attention: Barbara Hodge, President
By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of
the party indicated, that such party has taken all action necessary to authorize the execution and
delivery of the Agreement and that the same is a binding obligation on such party.
EXECUTED this day of October 2017,
WEDC:
Wylie Economic Development Corporation
By:
Samuel D.R. Satterwhite, Executive Director
COMPANY:
DANK Real Estate, Ltd.
By:
Barbara Hodge, President
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ylie coa o ic evelo • e t Con oratio
• -
TO: WEDC Board of Directors
/
FROM: Samuel Satterwhite, Executive Directorz'
SUBJECT: By-Laws
DATE: October 23, 2017
Issue
Review and discuss WEDC By-laws to determine the need for potential amendments.
Analysis
On 9-20-17 the Board was directed to place the WEDC By-laws on a future agenda for review to
begin the process of evaluating the need for further amendments. As attached, the original By-
laws were created in 1989 and further amended in 1999.
WEDC Counsel Ryan Pittman is completing his preliminary review which will be made available
at the Board Meeting on the 25th.
Should the Board choose to take action on any proposed amendment, that action can only take
place following ten(10) days' notice to the public and an affirmative vote by four(4) of the Board
Members as detailed in Section 11.01. Further, such amendments shall only become effective at
which time the City Council approves the same.
Attachments
By-laws (as amended 5/25/99)
FIRST AMENDED BYLAWS
OF
WYLIE ECONOMIC DEVELOPMENT CORPORATION
A NON-PROFIT CORPORATION
WYLIE, TEXAS
SECTION I
OFFICES
1.01 Registered Office and Registered Agent
The Corporation shall have and continuously maintain in the State of Texas a registered
Office, and a registered agent whose Office is identical with such registered Office, as required
by the Texas Non-Profit Corporation Act. The Board of Directors may, from time to time,
change the registered agent and/or the address of the registered office,provided that such change
is appropriately reflected in these Bylaws and in the Articles of Incorporation.
The registered office of the Corporation is located at, 108 W. Marble, Wylie, Texas
75098, and at such address is the Corporation, whose mailing address is P.O. Box 1467, Wylie,
Texas 75098. The registered agent of the Corporation shall be the President of the Corporation.
1.02 Principal Office
The principal office of the Corporation in the State of Texas shall be located in the City
of Wylie, County of Collin, and it may be,but need not be,identical with the registered office of
the Corporation.
SECTION II
PURPOSES
2.01 Purposes
The Corporation is a non-profit corporation specifically governed by Section 4A of
Tex.Rev.Civ.Stat.art. 5190.6, as amended from time to time, (the "Texas Development
Corporation Act of 1979"). The purpose of the Wylie Economic Development Corporation,is to
promote and develop industrial and manufacturing enterprises to promote and encourage
employment and the public welfare,in accordance with the Articles of Incorporation.
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SECTION III
ME I:ERS
3.01 Members
The Corporation shall have no members.
SECTION IV
BO ' P OF DIRECTORS
4.01 Board of Directors
The business and affairs of the Corporation and all corporate powers shall be exercised by
or under authority of the Board of Directors (the "Board"), appointed by the governing body of
the City of Wylie, and subject to applicable limitations imposed by the Texas Non-Profit
Corporation Act, the Development Corporation Act of 1979, the Articles of Incorporation, and
these Bylaws. The Board may, by contract, resolution, or otherwise, give general or limited or
special power and authority to the officers and employees of the Corporation to transact the
general business or any special business of the Corporation, and may give powers of attorney to
agents of the Corporation to transact any special business requiring such authorization.
The Board may plan and direct its work through a Director of Economic Development,
who will be charged with the responsibility of carrying out the Corporation's program as adopted
and planned by the Board. The Board may contract with another entity for the services of a
director.
4.02 Number and Qualifications
The authorized number of Directors of this Board shall be five (5).
The Directors of the Corporation shall be appointed by and serve at the pleasure of the
Wylie City Council. The number of Directors shall be five(5). Each Director shall meet at least
one(1)of the following qualifications:
(a) serve, or have served, as Chief Executive Officer of a company; or
(b) serve, or have served, in a position of executive management of a company; or
(c) serve,or have served,in a professional capacity.
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In addition to the above qualifications:
(1) each Director must have lived in the City Limits or operated a business in
the City Limits for a minimum of one (1)year; and
(2) each Director must live in the City Limits during the tenure of office.
The City Council shall consider an individual's experience, accomplishments, and
educational background in appointing members to the Board to ensure that the interests and
concerns of all segments of the community are considered. The Board may make
recommendations of individuals to the council for appointment to the Board.
4.03 Bonds and Insurance
(1) The corporation shall all provide a General Liability Policy, including Board
Members,and a Public Officials Liability Policy for Board Members of not less than one million
dollars ($1,000,000). The corporation shall also provide a Fidelity Bond covering all employees
and Board Members of not less than one hundred thousand dollars ($100,000.00). The bonds
and insurance referred to in this section shall be considered for the faithful accounting of all
moneys and things of value coming into the hands of the offices. The bonds and insurance shall
be obtained from accredited, surety, and insurance companies authorized to do business in the
State of Texas.
(2) All premiums for the liability insurance and fidelity bonds will be maintained and
funded at the total expense of the corporation. Copies of bonds and insurance policies shall be
filed with the City Secretary, and furnished to the corporation and Board Members.
4.04 General Duties of the Board
1. The Board shall develop an overall economic development plan for the City
which shall include and set forth intermittent and/or short term goals which the Board deems
necessary to accomplish compliance with its overall economic development plan. Such plan
shall be approved by the City Council of the City of Wylie. The overall development plan
developed by the Board shall be one that includes the following elements:
a. An economic development strategy to permanently bolster the business
climate throughout the city.
b. Strategies to fully utilize the assets of the city which enhance economic
development.
c. Identification of strategies to coordinate public, private, military and
academic resources to develop and enhance business opportunities for all
citizens of Wylie. This plan shall include methods to improve
communication and cooperation between the above mentioned entities.
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d. Assurance of accountability of all tax moneys expended for the
implementation of the overall economic development plan.
e. Identification of strategies and provide for implementation of identified
strategies for direct economic development as defined in this Section.
f. An annual work plan outlining the activities, tasks, projects and programs
to be undertaken by the Board during the upcoming fiscal year,
g. To assist the Board in the implementation of the overall economic
development plan, the Board may seek out and employ a Director of
Economic Development. The Director of Economic Development shall be
responsible to the Board and shall act as the Board's chief administrative
officer and shall assist the Board in carrying out the duties of the Board as
set forth in this section. The Board shall, in the annual budget, make
provisions for the Compensation to be paid to the Director of
Economic Development and such compensation so established by the
Board shall comprise the salary and benefits paid to the Director of
Economic Development for his/her services
h. The Director of Economic Development shall be hired by the Board and
may be removed by a vote of 3 members of the Board.
2. The Board shall review and update its overall economic development plan from
time to time to ensure that said plan is up to date with the current economic climate and is
capable of meeting Wylie's current economic development needs.
3. The Board shall expend,in accordance with State law,the tax funds received by it
on direct economic development where such expenditures will have a direct benefit to the
citizens of Wylie.
As used in the article "direct economic development" shall mean the expenditure
of such tax funds for programs that directly accomplish or aid in the accomplishment of creating
identifiable new jobs or retaining identifiable existing jobs including job training and/or planning
and research activities necessary to promote said job creation. The Corporation's focus will be
primarily in the areas of:
a. Business retention and expansion
b. Business attraction
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4, The Wylie Economic Development Corporation shall make reports to the City
Council of the City of Wylie. The Wylie Economic Development Corporation shall discharge
this requirement by reporting to the City Council in the following manner:
a. The Wylie Economic Development Corporation shall make a detailed
report to the City Council once each year. Such report shall include, but
not be limited to,the following:
1. A review of all expenditures made by the Board in connection with
their activities involving direct economic development as defined
in this article, together with a report of all other expenditures made
by the Board.
2, A review of the accomplishments of the Board in the area of direct
economic development.
3. The policies and strategy followed by the Board in relation to
direct economic development together with any proposed changes
in such activities.
4. A review of the activities of the Board in areas of endeavor other
than direct economic development together with any proposed
changes in such activities.
5. The annual required report shall be made to the City Council no
later than January 31 of each year.
6. The annual report shall be considered by the City Council for its
review and acceptance.
b. The Board shall be regularly accountable to the City Council for all
activities undertaken by them or on their behalf, and shall report on all
activities of the Board,whether discharged directly by the Board or by any
person, firm, corporation, agency, association or other entity on behalf of
the Board. This report shall be made by the Board to the City Council
semi-annually with the first report being made each succeeding six (6)
months. The semi-annual report shall include the following:
1. Accomplishments to date as compared with the overall plan or
strategy for direct economic development.
2. Anticipated short term challenges during the next semi-annual
reporting period together with recommendations to meet such short
term challenges.
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3. Long term issues to be dealt with over the succeeding twelve-
month period or longer period of time, together with
recommendations to meet such issues with emphasis to be placed
on direct economic development.
4. A recap of all budgeted expenditures to date, together with a recap
of budgeted funds left unexpended and any commitment made on
said unexpended funds.
4.05 Implied Duties
The Development Corporation of Wylie, Inc. is authorized to do that which the Board
deems desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.04
of these Bylaws and in accordance with State law.
4.06 Tenure
The initial terms of office for the Directors shall be two (2)Directors with three(3) year
terms, two (2) Directors with two (2) year terms, and one (1) Director with a one (1) year term,
as designated by the Mayor and City Council. After the initial term of office, the Directors shall
serve for three (3)years, and Directors may serve for an unlimited number of consecutive terms.
4,07 Meetings;Notice; Conduct
The Board shall attempt to meet at least once each month within the city of Wylie, at a
place and time to be determined by the President. All meetings of the Board shall provide notice
thereof as provided and as required by the Texas Open Meetings Act. Any member of the Board
may request that an item be placed on the agenda by delivering the same in writing to the
secretary of the Board prior to the posting of the notice required by the Texas Open Meetings
Act. The President of the Board shall set regular meeting dates and times at the beginning of
his/her term. Special Meetings may be called by any member of the Board in accordance with
the provisions of the Texas Open Meetings Act.
The notice shall contain information regarding the particular time, date, and location of
the meeting and the agenda to be considered. All meetings shall be conducted in accordance
with the Texas Open Meetings Act.
The annual meeting of the Board of Directors shall be held in January of each year.
The Board may retain the services of a recording secretary if required.
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4.09 Attendance; Vacancy
Regular attendance of the Board meetings is required of all Members. The following
number of absences may require replacement of a member: three (3) consecutive absences, or
attendance reflecting absences constituting 50% of the meetings over a 12-month period. In the
event replacement is indicated, the member will be counseled by the President and, subsequently,
the President shall submit in writing to the City Secretary the need to replace the Board member
in question. Any vacancy on the Board shall be filled by appointment by the City Council of a
new member or members meeting the qualifications set out in Section 4.02 above.
4.10 Quorum
A majority of the entire membership of the Board of Directors shall constitute a quorum
and shall be required to convene a meeting. If there is an insufficient number of Directors
present to convene the meeting,the presiding officer shall adjourn the meeting.
4.11 Compensation
The duly appointed members of the Board shall serve without compensation,but shall be
reimbursed for actual or commensurate cost of travel, lodging and incidental expense while on
official business of the Board in accordance with State law.
4.12 Voting; Action of the Board of Directors
Directors must be present in order to vote at any meeting. Unless otherwise provided in
these Bylaws or in the Articles of Incorporation or as required by law, the act of a simple
majority present shall be the act of the Board of Directors. In the event that a Director is aware
of a conflict of interest or potential conflict of interest, with regard to any particular vote, the
Director shall bring the same to the attention of the meeting and shall abstain from the vote,
unless the Board determines that no conflict of interest exists. Any Director may bring to the
attention of the meeting any apparent conflict of interest or potential conflict of interest of any
other Director, in which case the Board shall determine whether a true conflict of interest exists
before any vote shall be taken regarding that particular matter. The Director as to whom a
question of interest has been raised shall refrain from voting with regard to the determination as
to whether a true conflict exists.
4.13 Board's Relationship with City Council
In accordance with State law, the City Council shall require that the Wylie Economic
Development Corporation be responsible to it for the proper discharge of its duties assigned in
this article, The Board shall determine its policies and direction within the limitations of the
duties herein imposed by applicable laws, the Articles of Incorporation, these Bylaws, contracts
entered into with the City, and budget and fiduciary responsibilities.
7
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4.14 Board's Relationship with Adinkiistrative Departments of the City
Any request for services made to the administrative departments of the City shall be made
by the Board of its designee in writing to the City Manager. The City Manager may approve
such request for assistance from the Board when he finds such requested services are available
within the administrative departments of the City and that the Board has agreed to reimburse the
administrative depai tnient's budget for the costs of such services so provided.
SECTION V
OFFICERS
5.01 Officers of the Corporation
The elected officers of the Corporation shall be a President, Vice President, Secretary,
and Treasurer. The Board may resolve to elect one or more Assistant Secretaries or one or more
Assistant Treasurers as it may consider desirable. Such officers shall have the authority and
perform the duties of the office as the Board may from time to time prescribe or as the Secretaiy
or Treasurer may from time to time delegate to his or her respective Assistant. Any two (2) or
more offices may be held by the same person, except the offices of President and Secretary.
5.02 Selection of Officers
The President and Vice President shall be elected by the Board and shall serve a term of
one (1) year. On the expiration of the term of office of the President and Vice President, the
Board shall select from among its Members individuals to hold such office. The term of office of
the President and Vice President shall always be for a period of one year; provided,however,that
the President and Vice President continue to serve until the election of their successors.
The Secretary and Treasurer shall be selected by the members of the Board and shall hold
office for a period of one (1) year; provided, however, that they shall continue to serve until the
election of their successors. Elections shall be held at the annual meeting of the Board.
Any officer meeting the qualifications of these Bylaws may be elected to succeed himself
or to assume any other office of the Corporation.
5.03 Vacancies
Vacancies in any office which occur by reason of death, resignation, disqualification,
removal, or otherwise, shall be filled by the Board of Directors for the unexpired portion of the
term of that office in the same manner as other officers are elected to office.
8
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5.04 President
The President shall be the presiding officer of the Board with the following authority:
1. Shall preside over all meetings of the Board.
2. Shall have the right to vote on all matters coming before the Board.
3. Shall have the authority, upon notice to the members of the Board, to call
a special meeting of the Board when in his judgment such meeting is
required.
4. Shall have the authority to appoint standing committees to aid and assist
the Board in its business undertakings of other matters incidental to the
operation and functions of the Board.
5, Shall have the authority to appoint ad hoc committees which may address
issues of a temporary nature or concern or which have a temporary affect
on the business of the Board.
In addition to the above mentioned duties, the President shall sign with the Secretary of
the Board any deed, mortgage, bonds, contracts, or other instruments which the Board of
Directors has approved and unless the execution of said document has been expressly delegated
to some other officer or agent of the Corporation by appropriate Board resolution, by a specific
provision of these Bylaws, or by statute. In general, the President shall perform all duties
incident to the office, and such other duties as shall be prescribed from time to time by the Board
of Directors.
5.05 Vice President
In the absence of the President, or in the event of his or her inability to act, the Vice
President shall perform the duties of the President. When so acting,the Vice President shall have
all power of and be subject to all the same restrictions as upon the President. The Vice President
shall also perform other duties as from time to time may be assigned to him or her by the
President.
5.06 Secretary
The Secretary shall keep or cause to be kept, at the registered office a record of the minutes of all
meetings of the Board and of any committees of the Board. The Secretary shall also file a copy
of said Minutes with the City and the same to be given, in accordance with the provisions of
these Bylaws, or as required by the Texas Open Meetings Act or the Texas Open Records Act or
other applicable law. The Secretary shall be custodian of the corporate records and seal of the
Corporation, and shall keep a register of the mailing address and street address, if different, of
each director.
9
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5.07 Treasurer
The Treasurer shall be bonded for the faithful discharge of his/her duties with such surety
or sureties and in such sum as the Board of Directors shall determine by Board resolution, but in
no event shall the amount of such bond be less than an amount equal to the average of the sums
which the Treasurer has access to and the ability to convert during a twelve (12)month period of
time. The Treasurer shall have charge and custody of and be responsible for all funds and
securities of the Corporation. The Treasurer_shall receive and give receipt for money due and
payable to the Corporation from any source whatsoever, and shall deposit all such moneys in the
name of the Corporation in such bank, trust corporation, and/or other depositories as shall be
specified in accordance with Article VII of these Bylaws. The treasurer shall, in general,perform
all the duties incident to that office, and such other duties as from time to time assigned to him
by the President of the Board.
5.08 Assistant Secretaries and Assistant Treasurers
The Assistant Secretaries and Assistant Treasurers,if any, shall in general,perform such
duties as may be assigned to them by the Secretary or the Treasurer,or by the President of the
Board of Directors.
5.09 Director of Economic Development
The Corporation may employ a Director of Economic Development. The Director of
Economic Development shall serve as the Chief Executive Officer of the Corporation and shall
oversee all administrative functions of the Corporation. The Director shall develop policies and
procedures for the Corporation including financial, accounting, and purchasing policies and
procedures to be approved by the Board and City Council.
5.10 Other Employees
The Corporation may employ such full or part-time employees as needed to carry out the
programs of the Corporation.
5.11 Contracts for Services
The Corporation may, contract with any qualified and appropriate person, association,
corporation or governmental entity to perform and discharge designated tasks which will aid or
assist the Board in the performance of its duties. However, no such contract shall ever be
approved or entered into which seeks or attempts to divest the Board of Directors of its discretion
and policy-making functions in discharging the duties herein above set forth in this section.
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SECTION VI
COMMITTEES
6.01 Qualifications for Committee Membership
Members of committees shall be appointed by the President, and approved by the Board.
Committee members need not be members of the Wylie Economic Development Corporation
unless required by these Bylaws or Board resolution.
6.02 Standing Committees
The President shall have authority to appoint the following standing committees of the
Board and such other committees as the Board may deem appropriate in the future:
1. Budget, Finance and Audit Committee: This committee shall have the responsibility of
working with the Director, or the contractual entity performing as Director as the case may be, in
the formation and promotion of the annual budget of the Board. The Committee shall present
such budget to the Board and, upon approval, shall present, in accordance with these Bylaws,
said budget to the City Council. In addition to the preparation of the budget,the committee shall
keep the Board advised in such matters. The Committee shall further have the responsibility to
oversee and work with auditors of the City or outside auditors when audits of the Board are being
performed.
2. Committee for Business Retention and Expansion: This committee shall work with the
Director of Economic Development and shall keep the Board informed of all development and
activities concerning business retention and expansion.
3. Committee for New Business Attraction and Recruitment: This committee shall work
with the Director of Economic Development and shall keep the Board informed of all
developments and activities concerning business attraction and recruitment.
6.03 Special Committees
The President may determine from time to time that other committees are necessary or
appropriate to assist the Board of Directors, and shall designate, subject to Board approval, the
members of the respective committees.
No such committee shall have independent authority to act for or instead of the Board of
Directors with regard to the following matters: amending, altering, or repealing the Bylaws;
electing, appointing, or removing any member of any such committee or any Director or Officer
of the Corporation; amending the Articles of Incorporation; adopting a plan of merger or
adopting a plan of consolidation with another corporation; authorizing the sale, lease, exchange,
or mortgage of all or substantially all of the property and assets of the Corporation; authorizing
the voluntary dissolution of the Corporation or revoking the proceedings thereof; adopting a plan
11
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for the distribution of the assets of the Corporation; or amending, altering, or repealing any
resolution of the Board of Directors which by its terms provides that it shall not be amended,
altered, or repealed by such committee.
The designation and appointment of any such committee and delegation to that
committee of authority shall not operate to relieve the Board of Directors, or any individual
Director, of any responsibility imposed on it or on him/her by law or these Bylaws.
6.04 Term of Committee Members
Each member of a committee shall continue as such until the next appointment of the
Board of Directors and until his or her successor on the committee is appointed, unless the
committee shall be sooner terminated or unless such member has ceased to serve on the Board of
Directors,or unless such member be removed from such committee.
Any committee member may be removed from committee membership by the President,
with Board approval,whenever in their judgment the best interests of the Corporation would be
served by such removal.
6.05 Vacancies on Committees
Vacancies in the membership of any committee may be filled in the same manner as
provided with regard to the original appointments to that committee.
6.6 Ex-Officio Members
The City Manager or his designee and the Mayor or his designee may attend all meetings
of the Board of Directors or Committees. These representatives shall not have the power to vote
in the meetings they attend. Their attendance shall be for the purpose of ensuring that
information about the meeting is accurately communicated to the City Council and to satisfy the
City Council obligation to control the powers of the Corporation.
SECTION VII
FINANCIAL ADMINISTRATION
The Corporation may contract with the City for financial and accounting services. The
Corporation's financing and accounting records shall be maintained according to the following
guidelines:
12
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7,01 Fiscal Year
The fiscal year of Corporation shall begin on October 1 and end on September 30 of the
following year.
7.02 Budget
A budget for the forthcoming fiscal year shall be submitted to, and approved by, the
Board of Directors and the City Council of the City of Wylie. In submitting the budget to the
City Council, the Board of Directors shall submit the budget on forms prescribed by the City
Manager and in accordance with the annual budget preparation schedule as set forth by the City
Manager. The budget shall be submitted to the City Manager for inclusion in the annual budget
presentation to the City Council.
7.03 Contracts
As provided in Article V above, the President and Secretary shall execute any contracts or
other instruments which the Board has approved and authorized to be executed, provided,
however, that the Board may by appropriate resolution authorize any other officer or officers or
any other agent or agents, including the Director of Economic Development, to enter into
contracts or execute and deliver any instrument in the name and on behalf of the Corporation.
Such authority may be confined to specific instances or defined in general terms. When
appropriate, the Board may grant a specific or general power of attorney to carry out some action
on behalf of the Board, provided,however that no such power of attorney may be granted unless
an appropriate resolution of the Board authorizes the same to be done.
7.04 Checks and Drafts
All checks, drafts, or orders for the payment of money, notes, or other evidences of
indebtedness issued in the name of the Corporation shall be signed or bear the facsimile of the
President or the Treasurer, or such other person as designated by the Board.
7.05 Deposits
All funds of the Wylie Economic Development Corporation shall be deposited on a
regular basis to the credit of the Corporation in a local bank which shall be federally insured,
7.06 Gifts
The Wylie Economic Development Corporation may accept on behalf of the Corporation
any contribution, gift, bequest, or devise for the general purposes or for any special purpose of
the Corporation.
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7.07 Purchasing
All purchases made and contracts executed by the Corporation shall be made in
accordance with the requirements of the Texas Constitution and statutes of the State of Texas.
7.08 Investments
Temporary and idle funds which are not needed for immediate obligations of the
Corporation may be invested in any legal manner provided in Tex.Rev.Civ.Stat.Ann.Art. 842a-2
(Public Funds Investment Act).
7.09 Bonds
Any bonds issued by the Corporation shall be in accordance with the statute governing
this corporation but in any event, no bonds shall be issued without approval of the City Council
after review and comment by the city's bond counsel and financial advisor.
7.10 Uncommitted Funds
Any uncommitted funds of the Corporation at the end of the fiscal year shall be
considered a part of the Fund Balance.
The Undesignated Fund Balance may be committed for any legal purpose provided the
Corporation's Board of Directors and the City Council both approve such commitment. This
may include the establishment of a Permanent Reserve Fund which shall be accumulated for the
purpose of using the interest earnings of such fund to finance the operation of the Corporation.
SECTION VIII
BOOKS AND RECORDS
8.01 Books and Records
The Corporation shall keep correct and complete books and records of all actions of the
Corporation, including books and records of account and the minutes of meeting of the Board of
Directors and of any committee having any authority of the Board and to the City Council. All
books and records of the Corporation may be inspected by Directors of the Corporation or his/her
agent or attorney at any reasonable time; and any information which may be designated as public
information by law shall be open to public inspection at any reasonable time. The Texas Open
Records Act and Open Meetings Act shall apply to disclosure of public information. The Board
of Directors shall provide for an annual financial audit to be performed by a competent
independent audit firm.
14
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8.02 Monthly Reports
The Corporation shall provide the City Council monthly summaries of proposed dispersal
of funds for anticipated projects, and funds that are dispersed over$50,000.00.
SECTION IX
SEAL
9.01 Seal
The Board of Directors shall obtain a corporate seal which shall bear the words "Wylie
Economic Development Corporation"; the Board may thereafter use the corporate seal and may
later alter the seal as necessary without changing the corporate name; but these Bylaws shall not
be construed to require the use of the corporate seal.
SECTION X
PROGRAM
10.01 Authorization
The Corporation shall carry out its program subject to its Articles of Incorporation and
these Bylaws, and such resolutions as the Board may from time to time authorize.
10.02 Program
The program of the Wylie Economic Development Corporation shall be to assist,
stimulate, and enhance economic development in Wylie, Texas, subject to applicable State and
Federal law,these Bylaws, and the Articles of Incorporation.
SECTION XI
PARLIAMENTARY AUTHORITY
11.01 Amendments to Bylaws
These Bylaws may be amended or repealed and new Bylaws may be adopted by an
affirmative vote of four (4) of the authorized Directors serving on the Board, at a special or
regular meeting of the Directors held for such specific purpose, and the notice requirements
stated herein above regarding special and regular meetings shall apply. The Directors of the
Corporation present at a properly called meeting of the Board may, by a vote of four (4), in
accord with the requirements of Article IV herein above, amend or repeal and institute new
15
Amended
5/25/99
Bylaws, provided that at least ten (10) days prior to the meeting, written notice setting forth the
proposed action shall have been given to the directors, and public notice regarding such action
given according the requirements of the Texas Open Meetings Act.
Notwithstanding the foregoing, no amendment shall become effective unless the City
Council approves the amendment.
SECTION XII
DISSOLUTION
12.01 Dissolution
On petition of ten (10) percent or more of the registered voters of the City of Wylie
requesting an election on the dissolution of the Corporation, the City Council shall order an
election on the issue. The election must be conducted according to the applicable provision of
the Election Code. The ballot for the election shall be printed to provide for voting for or against
the proposition:
"Dissolution of the"Wylie Economic Development Corporation"
If a majority of voters voting on the issue approve the dissolution, the Corporation shall continue
operations only as necessary to pay the principal of and interest on its bonds and to meet
obligations incurred before the date of the election and,to the extent practicable, shall dispose of
its assets and apply the proceeds to satisfy those obligations. When the last of the obligations is
satisfied, any remaining assets of the Corporation shall be transferred to the City, and the
Corporation is dissolved.
SECTION XIII
INDEMNITY
13.01 Indemnity
The Board of Directors shall authorize the Corporation to pay or reimburse any current or
former Director or Officer of the Corporation for any costs, expenses, fines, settlements,
judgments, and other amounts, actually and reasonably incurred by such person in any action,
suit, or proceeding to which he or she is made a party by reason of holding such position as
Officer or Director; provided, however, that such Officer or Director shall not receive such
indemnification if he/she be finally adjudicated in such instance to be guilty of negligence or
misconduct in office. The indemnification herein provided shall also extend to good faith
expenditures incurred in anticipation of, or preparation for, threatened or proposed litigation.
The Board of Directors may, in proper cases, extend the indemnification to cover the good faith
settlement of any such action, suit, or proceedings,whether formally instituted or not.
16
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SECTION
MIS CELL .OUS
14.01 Relation to Articles of Incorporation
These Bylaws are subject to, and governed by, the Articles of Incorporation and
applicable State statutes under which the Corporation is organized.
17
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5/25/99
ylie co o ic I evelo • e t or • or tio
• - a II
TO: WEDC Board of Directors
FROM: Samuel Satterwhite, Executive Director
SUBJECT: Staff Report
DATE: October 23, 2017
Issue
Staff report: review issues surrounding WEDC Performance Agreement Summary,
Environmental Activity Summary, Highway 78 WEDC Pad Sites, 544 Gateway Property, KREA
Acquisitions, LLC (La Quinta), WEDC regional brokerage event, Oktoberfest, and regional
housing starts.
Analysis
As a reminder to Board members, the Board may not discuss an item which is not specifically
identified on the agenda. Only those items listed above can be discussed. Should any Board
member want an issue be placed on the agenda at any time prior to a Board meeting,please contact
the WEDC President or staff.
WEDC Performance Agreement Summary
Attached for the Board's review is a summary of all outstanding Performance Agreements
including: All State Fire Equipment, B&B Theatres Operating Company, Clark Street
Development, DCU, Exco Extrusion Dies, Getset, KREA Acquisition, McClure Partners, REVA
Hospitality, Ronald P. and Carole A. Trout, SAF Holland, Von Runnen Holdings, Wedge
Corporation, and Woodbridge Crossing.
In the month of September, ACG Texas LP and Patna Properties final incentives were paid and
they were removed from the tracking report.
Woodbridge Crossing
Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales
taxes received through September 2017 within Woodbridge Crossing for the City General Fund,
the WEDC, and the 4B. As a reminder, the City and WEDC reimbursed 85% of all sales tax
generated within Woodbridge Crossing through September 2013 with the reimbursement
percentage reduced to 65% thereafter. Due to the default under the Amended and Restated
Performance Agreement, Woodbridge Crossing is only eligible to receive up to $6 million in sales
tax reimbursement through September 2021 as opposed to the maximum reimbursement of$12
million originally contemplated.
WEDC- Staff Report
October 23, 2017
Page 2 of 3
$4,509.917.53 in reimbursement has been earned through September 2017 with net receipts of
$3,762,466.60 in ad valorem taxes to the City of Wylie (excluding the WISD). As shown on the
Sales Tax Reimbursement Report, $94,414.88 was generated in sales tax in July 2017 versus
$93,851.48 in July 2016. This represents an 0.6% increase over 2016 receipts.
Woodbridge Centre
Within the Kroger-anchored center, $10,451.87 in sales tax was generated in July 2017 with
$2,612.97 subject to reimbursement. July 2017 sales represent a 6% decrease over 2016.
As reported previously, a Pet Supplies Plus and Credit Union of Texas will soon be breaking
ground at the intersection of 544 and Woodbridge Parkway. Both concepts were approved at
Council on October 10th
Environmental Activity Summary
Attached for the Board's review is a spreadsheet tracking all activities with W&M Environmental
for FY 2014-15 and FY 2015-16. W&M has prepared Phase I &II reports for Mann Made, K&M,
Business Way, 111 N. Ballard, 908 Kirby,201 Industrial Court,is processing the VCP application
for the Commerce property, and processing the Municipal Setting Designation through the City.
Hwy 78 WEDC Pad Sites
The TCEQ has informed W&M that the Certificate of Completion and associated documentation
is being drafted and should be received on or about the week of October 30th. With all requirements
of the VCP met, CFA should begin construction on November 20th as scheduled with no further
environmental issues for the remaining 3 acres.
544 Gateway Property
As reported in September, W&M on behalf of the WEDC requested all groundwater data on file
with the EPA on the City-owned 4.8 acres adjacent to the railroad tracks. This data was requested
based upon W&M indicating that while the City has a Ready for Reuse Certificate from the EPA
on this site, it is not uncommon for groundwater issues to still be present even though soil
remediation has taken place. While staff has not seen the data, it has been reported that 10-year
old findings in possession of the EPA show groundwater exceeding critical protected concentration
levels allowed by the TCEQ.
To further evaluate our position and the status of the site, staff has hired Guida, Slavich& Flores,
P.C. to represent our interests to the EPA and TCEQ. Staff will update the Board as additional
information is received.
KREA Acquisitions, LLC(La Quinta)
As reported by Mr. Kash Parbhu, Manager with KREA, La Quinta will be pre-selling rooms by
10-23-17 and operational no later than 11-13-17.
WEDC- Staff Report
October 23, 2017
Page 3 of 3
WEDC Regional Brokerage Event
On October 1 1 th, the WEDC held its regional brokerage golf outing/networking event at
Prestonwood Country Club. Hands down this was the best event we have ever put on and gave
many key stakeholders an opportunity to network with staff, Board Members, and other local
leaders. Groups represented were Inventrust,Taco Bell,Inner Circle Partners,Veritex Community
Bank, Lawyers Title, Inwood National Bank, Clark Street, Plains Capital Bank, John T. Evans,
Day Lumber, Pulliam Construction Management, D2 Development, Edge Realty, Woodbridge
Development Corporation, Richard Parker Real Estate, American Restoration, RLK Engineering,
NAI, The Retail Coach, and Younger Partners.
Oktoberfest
Staff understands that Oktoberfest went well and has not personally heard anything to the contrary
from the downtown merchants or public safety personnel. The organizers of the event are
compiling some data on the event that will be presented to the Board on the 25th.
Regional Housing Starts
Forty-six homes were permitted in Wylie for the month of September 2017. Sachse, Lavon,
Murphy permitted a combined eight with Inspiration permitting 20 over the same period.
No action is requested by staff for this item.
Attachments
Performance Agreement Summary
W&M Activity Report
Regional Housing Permits
�
Woodbridge Crossing
Sales Tax Reimbursement Report
Filing Allocation City of 48 VVEOC Applicable VVEOC city Total
Period Period Wylie Y� (O�596) Total Rate (96) Reimbursement Reimbursement Reimbursement
� � � , .. .~ '. .
(]ot-}g $17.612.55 $8.806.27 $8.806.27 $35.225.08 0[85 7.485.33 $14.970.08 $22.455.08
Nov-OQ Jon-10 21.895.30 10.997.85 10.897.85 43.890.60 0.85 9.348.00 18.6
' O1 28,044.01
Omo-00 Feb-10 40.289.26 20.144.63 20.144.83 8-578i52_ 0.85 ' 17,122`94_^ 34,245.87
51.368.81 .
Sub-Total 159,794.21 33,95127 67,012.54 181.868.81
Jan-10 Mar-1O 10.017.90 8.008.98 8.008.98 32.035.92 0.85 6.807.63 13.615.27 20.422.90
Feb-10 Apr-10 18.392.59 9.186.29 9.196.29 36.785.17 0.85 7.810.85 15.633.70 23.450.55
Mar-10 K8a' 1U 34.382�O7 12.191�O3 12.1S1�O3 48.7G��13 D�85 10,362.38 2O,�24 �G 31,087.13
' . ' � ` ' _ ` .`
Sub-Total ' ff�585��� � � 24,086.86 49'973.72`' � 74,000.58
Apr-10 Jun-10 10.981.53 8.495.76 8.485.76 33.983.05 0.85 7.221.40 14.442.80 21.8S4 18
K8ay-10 Ju|-10 19.588.24 8.794.12 9.784.12 39.17048 0.85 8.325.00 16.650.00 24.97501
Jun-10 Aug-10 24.682.04 12.331.32 1 .33132 , . 49,325.28 0.85 ., 10,481.62 20,983.24 ' 31.444.87
Sub-Total 122,484.01 26,02802 52,056.04 78,084.07
JU|-10 8ep-10 18.344.56 9.172.28 9.17228 36.888.12 0.85 7.796.44 15.592.88 23.389.31
Aug-10 {]ct-10 20.401.73 10.200.87 10.200.87 40.803.46 0.85 8.670.74 17.341.47 26.012.21
Sep-10 Nov-10 22.301.22 11.150.61 11.150.01 '. 44,602.43 0.85 . 9.478.0 18.956.03.:_ x°. ; 28,434.05
Sub-Total 122,095.01 - 25,945.19 ' 51,880.38 77,835.57
Oct-1 0 Oeo-10 18.80019 0.400i10 9.40010 37.80038 0.85 7.880.08 15.98016 23.870.24
Nov-10 Jan-11 25.735.09 12.867.54 12.807.54 51.470.17 0.85 10.037.41 21.874.82 33.812.23
Omc-10 Feb-11 42.068.02 21.334.46 21.334.46 85.337.83 0.85 18.134.29 38.268.58 54.402.87
Audit Adjust.
C)dt-10 5.06571 2.532.86 2.532.86 10,131.42 0.852,152.93 , 4.305.85 6.45878
Sub-Total 184,539.80 39214.71 78,429.42 117,044.12
Jan-11 Mar-11 18.295.33 9.147.66 8.147.66 36.590.05 085 7.775.51 15.551.03 23.328.54
Feb-11 Apr-11 35.185.02 12.59251 12.592.51 50.370.04 085 10.70363 21.407.27 32.110.90
Mar-11 May-11 38.82231 19.811.15 19.911.15 , 7Q.�����1 O�85 1�.Q244 33 50\773.44
: ^ .,
Sub-Total 106(605.30 35,40363 70,807.25 186,210.88
Apr-11 Jun-11 33.456.40 16.728.25 18.728.25 08.812.98 0.85 14.219.01 28.438.02 42.657.02
`
Woodbridge Crossing
Sales Tax Reimbursement Report
Page
Filing Allocation City of 4B VVEOC Applicable VVEOC city Total
,^Period Period Wylie (1%) (0.6%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
May-11 Jul-11 50.192.64 25.086.32 25.096.32 100.385.28 0.85 21.331.87 42.863.74 63.995.62
Jun-11 Aug-11 43.638.11 21.819.56 31.818(56 . . 87,278.22` 0.85 18.54G�G2° ~� 95^G3B�87
. _ � .~--. ' ' `
Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51
Jul-11 Sep-11 31.551.34 15.775.67 15.775.07 63.102.67 0.85 13.409.32 26.818.83 40.227.95
Aug-11 Oct-11 32.798.19 16.399.00 18.390.09 65.596.37 0.85 13.939.23 27,878.46 41.817.69
Sap-11 Nov-11 36.136.64 18.068.32 18.05832 72.273.27, 0.85 '
1� .. 3O.716.14 .. 4O.O74�21
� ~
Sub-Total 200,072.31 ' 43 7O6.62 85,41323 � � 128,119'85
Oct-11 Dec-11 31.701.68 15.850.84 15.850.84 63.40335 0.85 13(473.21 26.946.42 40.419.64
Nov-11 Jan-12 40.631.94 20.315.97 20.315.97 81.263.88 0.85 17.268.57 34.53715 51.80572
Dec-11 Fab-12 88,40 .17 33.201.59 33.281.59 " 132.80834 0.85�, �8�21`3�~° ^ 84j664.04
- �� ,-
Sub-Total 277,473.57 58,96313 117.926.27' 176,889.40
Jon-12 Mar-13 28.180.49 14.090.24 14.080.24 56.360.97 0.86 11.97671 23.953.41 35.930.12
Feb-12 Apr-12 32.82 .3G 16.412.18 16.412.18 65.84871 0.85 13.850.35 27.90070 41.851.05
Mar-12 May-12 42.21375 21.106.88 21.106.88 84,427.50 0.85 , 17^940.8435,881.69 53.822`53,
Sub-Total 206,43718 43,86790 97,735.80 131,003.70
Apr-12 Jun-12 33.749.69 18.874.85 16.874.85 67.490.38 0.85 14.343.62 28.687.24 43.030.85
May-13 Jul-12 35.750.08 17.878.04 17.878.04 71.512.15 0.85 15.19633 30.302.66 45.589.00
Jun-12 Aug-12 43.423.09 21.711.55 21.711.55 .` 86.846.18~ 0.85 ~ 1o.454B1 3G.8OQ�G3 55.384.44
_ - ` .,,
Sub��t | ���U�l7� 4�Q847� 95,98953 143,98429
Jul-12 Sep-1 2 32.945.51 16.472.70 16.47276 65,091.02 0.85 14.001.84 28.003.68 42.005.53
Aug-12 Oct-12 33.981.49 16.990.74 16.980.74 67,962.97 0.85 14.442.13 28.884.26 43.328.39
Sep-12 Nov-12 30,669.18 19.834.60 19.834.60 79,338.38 O�85 1G,85Q�41 33,718�81 5O.578�22
, ` `
Sub-Total 213,192.37 45,30338 90,006.78 135,010.14
Oct-1 2 Dec-12 81.352.09 30.676.05 30.676.05 122.704.18 0.85 20.074.04 52.149.28 78.223.81
Nov-12 Jan-13 13.76037 6.880.18 6.880.18 27,52073 0.85 5.848.16 11.696.31 17.544.47
Dec-12 Feb-13 68.951.35 34.475.87 34.475.67 137902.09 D�85 39'304.32 5f[0UR04 8�9f��Q6
Sub-Total ' 288,127.60 -- � -7-227.11^�`--^`^---/22Y8I68t3b
,454.23
Jan-13 Mar-1 3 37.26478 18.633.39 18.632.39 74,529.55 0.85 15.837.53 31.675.08 47.512.50
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 3
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie(1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96
Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72
Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27
Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73
May-13 Jul-13 35,623.93 17,811.97 17,811.97 71,247.86 0.85 15,140.17 30,280.34 45,420.51
Jun-13 Aug-13 44,805.27 22,402.63 22,402.63 89,610.53 0.85 19,042.24 38,084.48 57,126.71
Sub-Total 224,759.15 47,761.32 95,522.64 143,283.96
Jul-13 Sep-13 30,171.94 15,085.97 15,085.97 60,343.87 0.85 12,823.07 25,646.14 38,469.22
Aug-13 Oct-13 31,615.59 15,807.80 15,807.80 63,231.18 0.85 13,436.63 26,873.25 40,309.88
Sep-13 Nov-13 34,215.75 17,107.88 17,107.88 68,431.50 0.85 14,541.69 29,083.39 43,625.08
Sub-Total 192,006.55 40,801.39 81,602.78 122,404.18
Oct-13 Dec-13 30,192.68 15,096.34 15,096.34 60,385.36 0.65 9,812.62 19,625.24 29,437.86
Nov-13 Jan-14 40,059.94 20,029.97 20,029.97 80,119.87 0.65 13,019.48 26,038.96 39,058.44
Dec-13 Feb-14 60,106.82 30,053.41 30,053.41 120,213.63 0.65 19,534.71 39,069.43 58,604.14
Sub-Total 260,718.86 42,366.81 84,733.63 127,100.44
Jan-14 Mar-14 34,887.18 17,443.59 17,443.59 69,774.35 0.65 11,338.33 22,676.66 34,015.00
Feb-14 Apr-14 39,550.17 19,775.09 19,775.09 79,100.34 0.65 12,853.81 25,707.61 38,561.42
Mar-14 *May-14 50,095.00 25,047.50 25,047.50 100,190.00 0.65 16,280.88 32,561.75 48,842.63
Sub-Total 249,064.69 40,473.01 80,946.02 121,419.04
Apr-14 Jun-14 42,836.52 21,418.26 21,418.26 85,673.03 0.65 13,921.87 27,843.73 41,765.60
May-14 Jul-14 44,483.44 22,241.72 22,241.72 88,966.88 0.65 14,457.12 28,914.24 43,371.35
Jun-14 Aug-14 54,191.06 27,095.53 27,095.53 108,382.12 0.65 17,612.09 35,224.19 52,836.28
Sub-Total 283,022.03 45,991.08 91,982.16 137,973.24
Jul-14 Sep-14 41,601.13 20,800.56 20,800.56 83,202.25 0.65 13,520.37 27,040.73 40,561.10
Aug-14 Oct-14 46,838.76 23,419.38 23,419.38 93,677.52 0.65 15,222.60 30,445.19 45,667.79
Sep-14 Nov-14 58,574.10 29,287.05 29,287.05 117,148.19 0.65 19,036.58 38,073.16 57,109.74
Sub-Total 294,027.96 47,779.54 95,559.09 143,338.63
Oct-14 Dec-14 46,397.97 23,198.98 23,198.98 92,795.93 0.65 15,079.34 30,158.68 45,238.02
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 4
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1`)/0) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Nov-14 Jan-15 62,438.87 31,219.43 31,219.43 124,877.73 0.65 20,292.63 40,585.26 60,877.89
Dec-14 Feb-15 93,019.09 46,509.54 46,509.54 186,038.17 0.65 30,231.20 60,462.41 90,693.61
Sub-Total 403,711.83 65,603.17 131,206.34 196,809.52
Jan-15 Mar-15 42,919.35 21,459.67 21,459.67 85,838.69 0.65 13,948.79 27,897.57 41,846.36
Feb-15 Apr-15 44,299.71 22,149.86 22,149.86 88,599.42 0.65 14,397.41 28,794.81 43,192.22
Mar-15 May-15 61,991.88 30,995.94 30,995.94 123,983.76 0.65 20,147.36 40,294.72 60,442.08
Sub-Total 298,421.87 48,493.55 96,987.11 145,480.66
Apr-15 Jun-15 47,156.82 23,578.41 23,578.41 94,313.63 0.65 15,325.96 30,651.93 45,977.89
May-15 Jul-15 51,820.00 25,910.00 25,910.00 103,639.99 0.65 16,841.50 33,683.00 50,524.50
Jun-15 Aug-15 63,530.67 31,765.34 31,765.34 127,061.34 0.65 20,647.47 41,294.94 61,942.40
Sub-Total 325,014.96 52,814.93 105,629.86 158,444.79
Jul-15 Sep-15 49,814.04 24,907.02 24,907.02 99,628.08 0.65 16,189.56 32,379.13 48,568.69
Aug-15 Oct-15 52,333.38 26,166.69 26,166.69 104,666.76 0.65 /7,008.35 34,016.70 51,025.05
Sep-15 Nov-15 54,260.52 27,130.26 27,130.26 108,521.03 0.65 17,634.67 35,269.33 52,904.00
312,815.87 50,832.58 101,665.16 152,497.74
Oct-15 Dec-15 48,763.81 24,381.90 24,381.90 97,527.61 0.65 15,848.24 31,696.47 47,544.71
Nov-15 Jan-16 63,303.62 31,651.81 31,651.81 126,607.23 0.65 20,573.67 41,147.35 61,721.02
Dec-15 Feb-16 99,187.99 49,594.00 49,594.00 198,375.98 0.65 32,236.10 64,472.19 96,708.29
422,510.82 68,658.01 137,316.02 205,974.02
Jan-16 Mar-16 49,991.19 24,995.59 24,995.59 99,982.37 0.65 16,247.14 32,494.27 48,741.41
Feb-16 Apr-16 42,000.94 21,000.47 21,000.47 84,001.87 0.65 13,650.30 27,300.61 40,950.91
Mar-16 May-16 63,385.72 31,692.86 31,692.86 126,771.44 0.65 20,600.36 41,200.72 61,801.08
310,755.68 50,497.80 100,995.60 151,493.39
Apr-16 Jun-16 50,205.20 25,102.60 25,102.60 100,410.40 0.65 16,316.69 32,633.38 48,950.07
May-16 Jul-16 55,183.98 27,591.99 27,591.99 110,367.95 0.65 17,934.79 35,869.58 53,804.38
Jun-16 Aug-16 75,925.05 37,962.53 37,962.53 151,850.10 0.65 24,675.64 49,351.28 74,026.92
362,628.45 58,927.12 117,854.25 176,781.37
Jul-16 Sep-16 46,925.74 23,462.87 23,462.87 93,851.48 0.65 15,250.87 30,501.73 45,752.60
Woodbridge Crossing
Sales Tax Reimbursement Report
Page 5
Filing Allocation City of 4B WEDC Applicable WEDC City Total
Period Period Wylie (1`)/0) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement
Aug-16 Oct-16 63,826.65 31,913.33 31,913.33 127,653.30 0.65 20,743.66 41,487.32 62,230.98
Sep-16 Nov-16 59,856.95 29,928.48 29,928.48 119,713.90 0.65 19,453.51 38,907.02 58,360.53
341,218.68 55,448.04 110,896.07 166,344.11
Oct-16 Dec-16 52,217.94 26,108.97 26,108.97 104,435.88 0.65 16,970.83 33,941.66 50,912.49
Nov-16 Jan-17 71,458.61 35,729.30 35,729.30 142,917.21 0.65 23,224.05 46,448.09 69,672.14
Dec-16 Feb-17 92,409.12 46,204.56 46,204.56 184,818.23 0.65 30,032.96 60,065.92 90,098.89
432,171.32 70,227.84 140,455.68 210,683.52
Jan-17 Mar-17 50,495.21 25,247.60 25,247.60 100,990.41 0.65 16,410.94 32,821.88 49,232.82
Feb-17 Apr-17 50,638.18 25,319.09 25,319.09 101,276.35 0.65 16,457.41 32,914.81 49,372.22
Mar-17 May-17 61,943.65 30,971.83 30,971.83 123,887.30 0.65 20,131.69 40,263.37 60,395.06
326,154.06 53,000.03 106,000.07 159,000.10
Apr-17 Jun-17 49,482.64 24,741.32 24,741.32 98,965.28 0.65 16,081.86 32,163.72 48,245.57
May-17 Jul-17 59,698.44 29,849.22 29,849.22 119,396.87 0.65 19,401.99 38,803.98 58,205.97
Jun-17 Aug-17 78,250.78 39,125.39 39,125.39 156,501.55 0.65 25,431.50 50,863.00 76,294.51
,374,863.70 60,915.35 121,830.70 182,746.05
Jul-17 Sep-17 47,207.44 23,603.72 23,603.72 94,414.88 0.65 15,342.42 30,684.84 46,027.25
Aug-17 Oct-17 0.00 0.00 0.00 0.65 0.00 0.00 0.00
Sep-17 Nov-17 0.00 0.00 0.00 0.65 0.00 0.00 0.00
94,414.88 15,342.42 30,684.84 46,027.25
Totals 8,272,384.13 1,503,305.84 3,006,611.69 4,509,917.53
Note: Anticipated completion date for$6 mm incentive obligation -October 2019
CSD Woodbridge Centre
Sales Tax Reimbursement Report
Filing Allocation City 4B WEDC WEDC
Period Period 1.00% 0.50% 0.50% Total Reimbursement
Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17
Sub-Total 1,000.66 250.17
Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16
Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57
Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42
Sub-Total 5,804.55 1,451.14
May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35
Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09
Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14
Sub-Total 58,050.29 14,512.57
Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59
Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32
Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46
Sub-Total 73,721.47 18,430.37
Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58
Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01
Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11
Sub-Total $77,994.78 $19,498.70
Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46
Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37
Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20
Sub-Total $84,524.13 $21,131.03
May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50
Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16
Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29
Sub-Total $88,251.77 $22,062.94
Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74
Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06
Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91
Sub-Total $106,210.84 $26,552.71
Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,493.45 3,123.36
Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154.97 $19,288.74
CSD Woodbridge Centre
Sales Tax Reimbursement Report
Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74
Sub-Total $100,415.37 $25,10384
Feb-16 Apr-16 5,556.02 2,778.01 2,778.01 11,112.03 2,778.01
Mar-16 May-16 35,400.22 17,700.11 17,700.11 $70,800.43 $17,700.11
Apr-16 Jun-16 5,929.35 2,964.67 2,964.67 $11,858.69 $2,964.67
Sub-Total $93,771.15 $23,44279
May-16 Jul-16 5,622.45 2,811.22 2,811.22 11,244.89 2,811.22
Jun-16 Aug-16 36,078.78 18,039.39 18,039.39 $72,157.55 $18,039.39
Jul-16 Sep-16 5,553.88 2,776.94 2,776.94 $11,107.76 $2,776.94
Sub-Total $94,510.20 $23,627.55
Aug-16 Oct-16 5,386.52 2,693.26 2,693.26 $10,773.03 2,693.26
Sep-16 Nov-16 45,851.97 22,925.99 22,925.99 $91,703.94 $22,925.99
Oct-16 Dec-16 5,712.60 2,856.30 2,856.30 $11,425.19 $2,856.30
Sub-Total $113,902.16 $28,475.54
Nov-16 Jan-17 5,534.56 2,767.28 2,767.28 $11,069.11 2,767.28
Dec-16 Feb-17 39,832.46 19,916.23 19,916.23 $79,664.92 $19,916.23
Jan-17 Mar-17 5,210.39 2,605.20 2,605.20 $10,420.78 $2,605.20
Sub-Total $101,154.81 $25,28870
Feb-17 Apr-17 5,350.85 2,675.42 2,675.42 $10,701.69 2,675.42
Mar-17 May-17 35,935.03 17,967.52 17,967.52 $71,870.06 $17,967.52
Apr-17 Jun-17 5,446.64 2,723.32 2,723.32 $10,893.27 $2,723.32
Sub-Total $93,465.02 $23,366.26'
May-17 Jul-17 6,978.40 3,489.20 3,489.20 $13,956.79 3,489.20
Jun-17 Aug-17 35,612.74 17,806.37 17,806.37 $71,225.48 $17,806.37
Jul-17 Sep-17 5,225.94 2,612.97 2,612.97 $10,451.87 $2,612.97
Sub-Total $95,634.14 $23,90854
Total $1,188,411.34 $297,102.84
Outstanding Performance Agreement Summary
Company Performance Obligations Expiration Incentive Comment/Notes
All State Fire Equipment A. CO 9,300 sf office/warehouse; construction
documents for$788,000 4/15/2016 $20,000 Paid
B. Valuation of$1,100,000 2/1/2017 $20,000 Paid
C. Valuation of$900,000 2/1/2018 $20,000
B&B Theatres Phase I -CO 56,000 sf, 12 screen theater;
documentation of$600,000; documentation of
total expend. for land, improvements and personal
property of$10,000,000. 12/31/2013= $100,000 Paid
Cumulative valuation amended to$7,300,000 12/31/2014 $25,000 Paid
12/31/2015[ $25,000 Paid
12/31/2016 $25,000 Paid
12/31/2017 $25,000
12/31/2018 $25,000
Total Incentive not to
B&B Theatres Sales Tax Reimb. Qrtly Sales Tax Reimbursement equal to .005 12-181Annually exceed $600,000
CSD Woodbridge Phase I -Acquire property for 110,000 sf Kroger by
7/31/2016; CO by 3/31/2014 3/31/2014 $100,000 Paid
Phase II -CO for 120,600 sf retail space Sales tax
(completed) 3/31/2014 reimburse quarterly
Phase III -CO for 127,600 sf retail space Sales tax.
(completed) 3/31/2017 reimburse quarterly
Cumulative incentive not
to exceed $1.1 mm.
Phase IV-CO for 134,600 sf retail space Sales tax Reimbursement
(completed) 3/31/2019 reimburse spreadsheet attached.
Outstanding Performance Agreement Summary
DCU, Inc. 1. a. Documentation supporting application to City
of Wylie for a CO for a 11,200 sq ft facility located
at 2774 Capital; Permit Fee Receipt from City of
Wylie for not less than $31,534; Documentation
supporting construction cost of$700,000;
Documentation supporting expenditure of$25,000
for gas line extension of 670 feet to the
easternmost property line; current on Ad valorem
taxes;.
8/1/2018 $31,534
1.b. Certificate of Occupancy, 11,200 Sq ft
building. 8/1/2018 $18,466
2. Minimum valuation of$1,200,000 for real and
personal Property; current on ad valorem taxes,
ontinuous operations at 2774 Capital. 8/1/2019 $25,000
3. Minimum valuation of$1,200,000 for real and
personal Property; current on ad valorem taxes,
continuous operations at 2774 Capital. 8/1/2020 $25,000
Exco Extrusion Dies(Texas), Inc. A. CO on 30,000 sf building 2/24/2016 $87,000 Paid
B. On an annual basis maintain appraised value of
$7.55 mm, maintain Texas as principal place of
business, employ 20 full time employees 2/24/2017 $20,000 Paid
2/24/2018J $20,000
2/24/2019 $20,000
2/24/2020 $20,000
Seller financing on $350,000 note, forgiven
annually beginning 1-31-17 in equal amounts of
$70,000 2017-2021 $350,000
Outstanding Performance Agreement Summary
Get Set, Inc. CO for 6,700 sf building and documentation of
$575,000 in construction cost. 5/1/2015 $15,000 Paid
Appraised Value of$1,175,000 2/28/2017 $10,000 Paid
Appraised Value of$1,175,000 2/28/2018 $10,000
KREA Acquisition, LLC A. Acquire property by 9/1/15; CO for La Quinta
Inn &Suites by 11/30/17; confirm $600,000 in
[construction costs 11/30/2017` $100,000
B. Quarterly incentive payment equal to
Occupancy Tax paid to City of Wylie (start date
~..o�,, , at CO and ending 7 years from 1st Not to exceed $450,000
'payment) Start: 11/30/17 11/30/24, total incentive
McClure Partners Devel. Co., LLC !A. Purchase of Williford Tracts by 10/1/16;
Complete demolition of all improvements,
foundations& paving by 12/31/16. Removal of
all debris,vehicles, inventory by 12/31/16. 12/31/2016 $25,000 Paid
B. Complete construction of 6,000 sf commercial
bldg w/Construction costs not less than
$1,350,000. CO not later than 9/30/17. Amended
to 12/31/17. ! 12/31/2017 $50,000
REVA Hospitality
A. CO for a 4-story, 60,000 sf, 98 room hotel;
documentation of a $9.2 mm in construction costs. 12/31/2017 $100,000
B. Quarterly incentive payment equal to
Occupancy Tax paid to City of Wylie (start date 6
months from CO and ending 6 years from 1st Not to exceed $450,000
payment) 6/30/24 total incentive
Ronald P.and Carole A.Trout A. CO for 4,944 sf building; documentation
$340,000 in construction costs; current on ad
valorem taxes; 12/31/2017 $15,000
SAF Holland A. Tax Incentive:
Outstanding Performance Agreement Summary
Maintain on property,taxable personal property
owned by Company valued at or above 50%of BPP
$14,375,324(Tax Threshold). tax paid in
excess of Tax
1/31/2019 Threshold.
Maintain on property,taxable personal property
owned by Company valued at or above
$14,375,324(Tax Threshold). 1/31/2020
Maintain on property,taxable personal property
owned by Company valued at or above
$14,375,324(Tax Threshold). 1/31/2021
B. Employee Incentive:
Employ up to 45 full-time employees over 133 $1,000/emp
(Employee Threshold). One time payment of over
$1,000 per new employee added. 1/31/2017 Threshold
Employ up to 45 full-time employees over 133 $1,000/emp
(Employee Threshold). One time payment of over
$1,000 per new employee added. 1/31/2018'Threshold
Employ up to 45 full-time employees over 133 $1,000/emp
(Employee Threshold). One time payment of over Not to exceed$45,000
$1,000 per new employee added. 1/31/2019 Threshold total incentive.
Von Runnen Holdings A. CO for 12,047 sf building; documentation of
$1,250,000 in construction costs. 1/1/2016 $20,000 Paid
B. Appraised Value of$1,000,000 1/31/2017 $10,000 Paid
C. Appraised Value of$1,000,000 1/31/2018 $10,000
Wedge Corporation A. Documentation of executed Ground Lease,
Building Permit; 1/31/2014 $137,500 Loan Advance #1
B. CO for"The Rock" 12/31/2014 $137,500 Loan Advance #2
C. Evidence of Continuous Operation 12/31/2015 $91,666 Loan Advance Forgiven
D. Evidence of Continuous Operation 12/31/2016 1 $91,666 Loan Advance Forgiven
Outstanding Performance Agreement Summary
E. Evidence of Continuous Operation 12/31/2017 $91,668
Woodbridge Crossing Phase I. CO for Initial Phase including a Super 65%sales tax reimb 2009-
Target by 8/1/09. 8/1/2009 2013 ; 85%sales tax reimb
No further performance requirements. Default
declared reducing maximum incentive from $12 Reimbursement
mm to$6 mm. 2021 spreadsheet attached
W M Environmental Program Tracking
Invoiced Date Descr.of Work Proj.Total
605 Commerce Project Total: 144,911.02
Phase II 4,138.75 2/28/15 Completed
Labor: Laura Foss;James Maxwell; Clay Snider; Michael Whitehead
Contracted Amt:$11,500 1,967.65 2/28/15 Laboratory
4,878.30 2/28/15 Drilling
124.12 2/28/15 Misc. Supplies
151.25' 2/28/15 W&M Equipment
250.00 2/28/151 Vehicle Usage P-2
12.39 8/18/15 j Postage
47.50 8/31/15 Labor: Mark Smith
Total 11,569.96
VCP(Vol. Cleanup Prog) 10,324.00 6/23/15 Labor: Frank Clark; Laura Foss; Hichael Henn,James Maxwell; Paul
Rodusky; Mark Smith; Clay Snider; William Soderstrom; Ross
Tucker; Michael Whitehead
Contracted Amt: $38,000 3,325.80 6/23/15 Laboratory
1,150.00 6/23/15 Supplies/Permits
690.00 6/23/15 Other Sub-contractors
4.90: 6/23/15 Misc.Supplies
1,175.75 7/14/15 Labor: Frank Clark,; Clay Snider; Michael Whitehead
2,632.35 7/14/151 Drilling
9.38 7/14/151 Postage/Shipping/Delivery
32.62 7/14/15` Misc.Supplies
13.23 7/14/15, Mileage
187.50 7/14/15 Vehicle Usage P-2
361.75 7/14/15 W&M Equipment
1,425.00 8/18/15 Labor: Shan Ahmad;James Maxwell; Clay Snider
517.50 8/18/15 Laboratory
3,041.75 8/18/15 Drilling... ..
, _ l ___, __ , _...... .. . . ..... ......
925.75, 8/18/15 Other Sub-contractors
11.16 8/18/15 Misc.Supplies
64.63 8/18/15 W&M Equipment
125.00 8/18/15 Vehicle Usage P-2
1,066.25 8/31/15 Labor: James Maxwell; Clay Snider; Michael Whitehead
W M Environmental Program Tracking
893.55 8/31/15 Laboratory
521.25 9/30/15 [Labor: Shan Ahmad; Mark Smith; Clay Snider
287.50 10/31/15 Labor: Clay Snider
402.50 12/15/15 I Labor: Clay Snider
631.25 12/31/15 Labor: Clay Snider, Michael Whitehead
143.751 12/31/15 Other Sub-contractors
843.75 1/31/161 Labor: Michael Henn, Mark Smith, Clay Snider
1,612.50 2/29/16 Labor: Shan Ahmad, Clay Snider
1,010.85 2/29/16 Laboratory
8.24 2/29/16 Misc. Supplies
396.141 2/29/16 Vehicles/Equipment
983.75 3/31/16' Labor: Michael Henn,Jeremiah Roy, Clay Snider
142.50 4/30/16! Labor: Jeremiah Roy, Clay Snider
Labor: Shan Ahmed,James Maxwell, Antonia Pacholczuk, Paul
3,201.251 6/30/16 Rodusky,Jeremiah Roy, Michael Whitehead, Ross Zapalac
38,163.10,
APAR(Affected Property
Assessment Report) 805.00i 7/14/15 Labor: Clay Snider Completed
87.501 8/18/15 Labor: Michael Henn
Contracted Amt: $16,000 2,676.25' 8/31/15 Labor: Laura Foss; Michael Henn; Clay Snider
11.73 8/31/15° Misc. Supplies
398.50' 8/31/15 ;Vehicle usage P-2; W&M Equipment
2,880.00, 9/30/15 !Labor: Shan Ahmad;James Maxwell; Antonia Pacholczuk; Clay
;Snider; Michael Whitehead.
536.00' 10/31/15 Labor: Clay Snider; Frank Clark
38.56; 10/31/15 !Subcontractors: Postage &Shipping
230.00 12/15/15 Labor: Clay Snider
115.00 12/31/151 Labor: Clay Snider
3,107.501 1/31/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay
'Snider
350.00 4/30/16 Labor: Jeremiah Roy,
}
195.00 5/31/16 Labor: Shan Ahmad, Clay Snider
660.00 10/31/16 Labor: Clay Snider
W M Environmental Program Tracking
502.50 11/30/16 Labor: Michael Henn,Joshua Hopper, Clay Snider
173.50 12/31/161 Labor: Antonia Pacholczuk, Clay Snider
172.50 1/31/17' Labor: Michael Henn, Clay Snider, Michael Whitehead
317.00 2/28/17: Labor: Frank Clark, Michael Henn,Jeremiah Roy
1,591.00 4/30/17 Labor: Jeremiah Roy, Clay Snider, Michael Whitehead
174.25 5/31/17 Labor: James Maxwell, Clay Snider
555.00 7/31/17 Labor: Frank Clark, Michael Henn, Clay Snider
412.75 9/30/17 Labor: James Maxwell, Clay Snider
Total 15,989.54
MSD(Municipal Setting
Designation) 393.75 7/14/15 Labor: Michael Henn
384.00 8/18/15 Labor- Frank Clark, Michael Henn
Contracted Amt: $25,000 1,336.23 8/18/15 Aerials/Maps/Photos
195.75 8/31/15 Labor: Frank Clark, Michael Henn
1,020.00 9/30/15 Labor: Laura Foss
2,241.25 10/31/15 Labor: Frank Clark, Michael Henn; Michael Whitehead
87.50 12/15/15 Labor: Michael Henn
1,476.25 12/31/15 Labor: Frank Clark, Holly Stockton, Michael Whitehead
28.44 12/31/15 Mileage
837.50, 1/31/16 Frank Clark, Michael Henn
4,292.50, 2/29/16 Labor: Shan Ahmad, Frank Clark, Michael Henn,Jeremiah Roy, Clay Snider
97.75 2/29/16 Meals
1,873.75 3/31/16 Labor: Shan Ahmad, Frank Clark,Jeremiah Roy, Clay Snider, Michael Whitehead
Labor: Frank Clark, Michael Henn,Jeremiah Roy, Mark Smith, Clay
1,495.00 4/30/16 Snider, Michael Whitehead
221.25 5/31/16 Labor: James Maxwell, Clay Snider
87.50 9/30/16 ;Labor: Clay Snider, Michael Whitehead
1,516.25 10/31/16 Labor: Frank Clark, Michael Henn, Clay Snider, Micahel Whitehead
903.75 11/30/16 Labor: Michael Henn,Joshua Hopper,Jeremiah Roy, Clay Snider
Labor: Frank Clark, Michael Henn,James Maxell,Antonia
2,332.75 12/31/16 Pacholczuk, Clay Snider, Michael Whitehead
24.62 12/31/16 Postage/Shipping/Delivery
131.00, 1/31/17 Labor: Frank Clark, Clay Snider
W M Environmental Program Tracking
2,827.50 2/28/17 Labor: Frank Clark,James Maxwell,Antonia Pacholczuk
290.00 3/31/17 Labor: Frank Clark,Antonia Pacholczxuk
385.25 3/31/17 Subcontractors: Postage and Delivery
Labor: Frank Clark, Michael Henn,James Maxwell, Michael
678.50 4/30/17 Whitehead.
1,150.00 4/30/17 Subcontractors.
Total 26,308.04
Indoor Air Sampling
Contract: $3,300 470.00 4/30/16 Labor: Mark Smith, Clay Snider Completed
90.00 5/31/16 Labor: Clay Snider
1,603.75 6/30/16 Labor: Michael Henn, Clay Snider
1,472.00 6/30/16! Other Sub-Contactors: Laboratory
Total: 3,635.75
Response Action Plan (RAP)
502.50 7/31/16 Labor: Joshua Hopper, Clay Snider
Contract: $10,500 Labor: Frank Clark,Trudy Hasan,James Maxwell, Clay Snider, Ross
2,810.00 8/31/16 Tucker, Michael Whitehead.
36.27 8/31/16 Shipping, postage, delivery
393.751 9/30/16 Labor: Shan Ahmad
770.00 10/31/16 Labor: Michael Henn, Clay Snider, Michael Whitehead
172.50' 11/30/16 Labor: Michael Henn,Joshua Hopper
45.00 1/31/17 Labor: Michael Henn
172.50 2/28/17 Labor: Michael Whitehead
704.00 3/31/17 Labor: Joshua Hooper,James Maxwell,Trey Nelson
1,761.00 4/30/17' Labor: Michael Henn,Joshua Hopper, Clay Snider
1,249.00 5/31/17 Labor: Frank Clark,Joshua Hopper, Clay Snider, Michael Whitehead
309.35 6/30/17 Laboratory, Postage, Shipping, Delivery
589.00 7/14/17 !Labor: Clay Snider
38.50 7/31/17 Labor: James Maxwell
61.09, 7/31/17 Subcontractors: Postage/Shipping
Total: 9,614.46 z
Soil Excavation
Contract: $19,700 93.00 1/31/17 Labor: Clay Snider
W M Environmental Program Tracking
Change Order: $18,500 Labor: Michael Henn,Joshua Hopper,Trey Nelson, Clay Snider,
2,643.00 2/28/17 Michael Whitehead
Total Contract: $38,200 1,972.25 2/28/17 Subcontractors: Laboratory($1,167.25), Other($805)
18.02 2/28/17 Reimbursable Expenses: Misc. Supplies
Labor: Andrew Adams, Nicholas Foreman, Michael Henn,Trey
2,012.40 3/31/17 Nelson, Clay Snider, Michael Whitehead
15,568.98 3/31/17 Laboratory; Other Sub-contractors
748.00 4/30/17 Labor: Andrew Adams, Frank Clark, Michael Henn, Clay Snider
Subcontractors: Laboratory($738.30) and Other Subcontractors
6,097.53 4/30/17 ($5359.23)
372.00` 5/31/17 'Labor: Clay Snider
621.00 5/31/17 'Laboratory
Total 30,146.18
Response to TCEQ 458.75 10/31/16 Labor: Michael Henn, Clay Snider
Contract: $2,500 1,841.15 10/31/16 ,Subcontractors: Laboratory ($1,381.15), Drilling ($460)
402.50; 11/30/16 jLabor: Michael Whitehead
Total: 2,702.40
Groundwater Sampling: 515.00; 7/31/17 Labor: Michael Henn,Joshua Hopper, Clay Snider
Contract: $3,900 1,490.00 8/31/171 'Labor: Clay Snider,Joshua Hopper
1,577.56 8/31/17 Subcontractors: Laboratory, Supplies, Permits, Equip Rental
315.00' 8/31/171 Vehicle/Equipment Usage
3,897.56
RAER and Submit to TCEQ 775.00 7/31/17 I Labor:Clay Snider
'Labor: Frank Clark, Michael Henn,Joshua Hopper,Antonia
Contract: $3,300 1,824.75 8/31/17 j Pacholczuk, Clay Snider
9.14 8/31/171 1 Postage/Shipping/Delivery
266.00 9/30/17 !Labor: Frank Clark, Clay Snider
9.14 9/30/17 Postage/Shipping/Delivery
2,884.03
900-908 Kirby Project Total: 26,602.31
Phase I -Contract$2,800 2,800.00 10/31/16 Completed
2,800.00
W M Environmental Program Tracking
Limited Phase II - Labor: Shan Ahmad, Michael Henn,Joshua Hopper, Clay Snider,
Contract$17,000 4,052.50 9/30/16 Michael Whitehead
11.18 9/30/16 Mileage
227.25 9/30/16 Vehicle Usage/W&M Equipment
937.50 10/31/16 Labor: Shan Ahmad, Michael Henn, Clay Snider, Michael Whitehead
11,450.55 10/31/16 Subcontractors: Laboratory($3,685.75), Drilling($7,764.80)
98.36 ' 10/31/16 Misc. Supplies
218.75 10/31/16 Vehicle Usage/W&M Equipment
16,996.09
Soil Management Plan 871.00 4/30/17, Soil Management Plan: James Maxwell, Clay Snider, Michael Whitehead
544 Gateway 553.75 5/31/17 Labor: James Maxwell,Trey Nelson, Clay Snider
Contract: $7,000 352.50 5/31/17, PM &Assistance: Michael Henn, Michael Whitehead
716.25 6/30/17 Labor: James Maxwell, Clay Snider
53.71 6/30/17 Supplies& Permits
Project Mgmg&Assistance: Frank Clark, Michael Henn,James
2,021.50 6/30/17 Maxwell, Michael Whitehead
483.00 ° 7/31/17 Labor: Frank Clark, Clay Snider
165.31 7/31/17 Subcontractors: Postage/shiping
135.00 7/31/17 PM &Assistance: Michael Henn
124.00 ! 8/31/17 Develop Soil Management Plan: Clay Snider
1,061.00 8/31/17 PM &Assistance: Frank Clark, Michael Henn, Clay Snider
9.20 8/31/17 Reimbursable Exp: Gas/Parking/Tolls
260.00 9/30/17 Labor: Frank Clark, Michel Henn
6,806.22
Hwy 78-CFA VCP Project Total: 59,897.57
Contract$68,000 1,233.00 1/31/17 Labor: Frank Clark, Clay Snider, Michael Whitehead
Proj. Mtgs: Frank Clark. Michael Henn,James Maxwell,Trey Nelson,
1,134.25 2/28/171 Michael Whitehead
Subsurface Investigations: Frank Clark,Joshua Hopper,James
Maxwell,Trey Nelson,Jeremiah Roy, Clay Snider, Michael
5,060.00 2/28/17 Whitehead
9,184.48 2/28/17, Subcontractors: Laboratory($1,597.35), Drilling($7,587.13)
570.77 2/28/17 Supplies
W M Environmental Program Tracking
575.50 2/28/17 ;Vehicles& Equipment
1,794.00 2/28/17 ;VCP Application: Frank Clark, Clay Snider
108.00 2/28/171 Drinking Water Survey: Jeremiah Roy
400.00 2/28/17 Affected Property Assessment Report- Frank Clark
155.00 3/31/17, Proj. Mgmt Labor: Clay Snider
1,856.00 3/31/17 Subsurface Investigation: Frank Clark,Joshua Hopper, Clay Snider
4,893.25 3/31/17 Subsurface Investigation-Subcontractors: Laboratory, Drilling
65.98 3/31/17 Subsurface Investigation -Reimbursable Expenses: Misc Supplies
374.31 3/31/17 Subsurface investigation -Vehicles& Equipment
VCP Application: Michael Henn,James Maxwell,Trey Nelson,
718.75 ` 3/31/17 Jeremiah Roy, Michael Whitehead
1,220.14 3/31/17 VCP Investigation: Supplies, permits, postage, shipping delivery
1,580.00 3/31/17 Drinking Water Survey: Jeremiah Roy, Clay Snider
Affected Property Assessment Report- Frank Clark,Joshua Hopper,
!James Maxwell,Trey Nelson,Jeremiah Roy, Clay Snider, Holly
8,052.25 ; 3/31/17 !Stockton, Michael Whitehead
287.50 4/30/17 Proj. Mgmt Mtgs (Michael Whitehead);
Other Sub-contractors; APAR (Frank Clark, Michael Henn,James
Maxell,Trey Nelson,Antonia Pacholozuk,Jeremiah Roy, Clay Snider,
2,012.50 4/30/17 Holly Stockton, Michael Whitehead)
DWS(Frank Clark,James Maxwell,Jeremiah Roy, Clay Snider,
1,044.50 4/30/17 `Michael Whitehead)
245.27 4/30/17 Aerials/Maps/Photos/Postage/Shipping
APAR (Frank Clark, Michael Henn,James Maxell,Trey Nelson,
Antonia Pacholozuk,Jeremiah Roy, Clay Snider, Holly Stockton,
5,818.25 4/30/17 Michael Whitehead)
30.74 4/30/17 Postage, Delivery,Shipping
501.50 5/31/17 Project Mgmt& Meetings: Frank Clark,James Maxwell, Clay Snider
W M Environmental Program Tracking
Project Mgmt& Meetings: Frank Clark, Michael Henn,Trey Nelson,
2,097.25 6/30/17 Clay Snider, Michael Whitehead
462.00 6/30/17 Labor: Trey Nelson
92.50 6/30/17 Vehicles& Equipment
284.00 7/31/17 Project Mgmt& Meetings: Frank Clark, Clay Snider
1,842.50 7/31/17 Subsurface Investigation: Trey Nelson,Joshua Hopper, Clay Snider
3,090.91 7/31/17 Drilling& Laboratory
81.25 7/31/17 Vehicles& Equipment
1,414.00 8/31/17 Project Mgmt& Meetings: Frank Clark, Clay Snider
17.86 8/31/17 Sub-contractors: Postage/shipping/delivery
19.25 8/31/17 Subsurface Investigations: James Maxwell
1,220.00 9/30/17 Project Mgmt& Meetings: Michael Henn, Clay Snider
231.00 9/30/17 Labor: Trey Nelson
35.36 9/30/17 Supplies/Permits
93.75 9/30/17 Vehicles& Equipment
59,897.57
Spent Contracted
Total WSW Expenditures: 231 410.90
$247,000
WEDC Activity Log
Preston wood Country Club
DATE WEDC CONTACT BUSINESS CONTACT DESCRIPTION OF CHARGE AMOUNT
8/7/17 Satterwhite Edge Realty(4) Dining, Golf 243.44
o
8/11/17 Satterwhite Auterson Dining 2312
8/19/17 Satterwhite Cart Rental 20,03
8/25/17 Satterwhite McClure Dining, Golf 42.27
8/31/17 n/a n/a September Dues& Fees 679.00
" % y 'P , 105 ut k : ✓r a ,.Y, ./1_ `6 ,... q'®®p pc
w ,re _ 1,E. _e. r' � 1 — --
Regional Housing Permits
Wylie Lavon
09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17
January 13 28 20 16 18 14 46 9 15 January 3 8 2 4 5 4 6 2 12
February 7 18 9 22 14 20 31 4 36 February 4 7 11 2 5 11 6 5 1
March 26 20 28 18 17 30 31 43 33 March 10 8 3 6 3 17 1 8 3 0
April 16 23 18 29 38 10 57 41 70 April 6 13 1 12 24 7 11 1 1
May 11 26 18 20 22 26 68 101 45 I May 7 8 1 0 9 117 4 M 4 11
June 36 24 19 13 11 9 57 58 98 June 12 12 9 2 5 12 5 1 7
July 21 33 20 19 18 29 36 34 60 July 14 11 2 3 1 14 12 1 1
August 22 24 16 20 19 19 30 25 11 lAugust 14 12 9 6 3 1 5 0 12
September 38 23 22 15 8 17 24 18 46 September 1 0 6 7 6 2 7 0 5
October 15 17 16 28 30 21 32 26 October 3 14 4 2 1 9 5 0
November 21 13 5 14 18 20 33 11 November 13 5 5 3 2 1 2 0
December 31 15 10 16 23 65 38 39 December 2 1 7 1 4 5 6 0
TOTAL 257 264 201 230 236 280 483 409 414 TOTAL 89 99 60 48 68 100 77 17 50
Murphy Sachse
09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17
January 2 14 4 7 26 13 1 12 5 January 5 17 14 8 13 18 14 16 4
February 1 15 3 14 4 5 5 4 2 February 8 10 3 11 8 29 17 31 15
March 4 15 9 6 6 8 4 5 4 March 11 11 9 12 1 13 24 31 23
April ' 7 12 8 10 23 1 3 8 1 April 12 11 8 4 13 17 12 24 15
May 7 5 11 14 7 7 2 2 0 May 6 13 11 17 10 21 6 21 15
June 12 13 6 19 15 6 7 4 0 June 17 11 8 17 14 16 38 25 14
July 12 7 7 16 7 22 4 2 8 July 11 15 7 14 15 30 12 22 17
August 6 3 4 13 15 16 2 21 0 August 12 14 5 19 10 29 41 32 8
September 12 7 4 10 10 3 3 6 0 September 13 3 12 12 17 23 27 20 3
October 4 8 3 16 16 4 0 2 October 15 3 8 15 25 18 31 29
November', 5 7 3 17 5 5 2 6 November 14 4 6 9 12 27 26 12
December 14 9 8 7 15 4 1 0 1 December 12 6 7 10 11 39 12 11
TOTAL 86 115 70 149 149 94 33 73 20 TOTAL 136 118 98 148 149 280 260 274 114
Inspiration
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Total
15 5 12 10 6 17 13 14 4 13 8 11 118
16 10 19 11 9 7 13 40 8 14 13 2 164
17 10 12 26 29 18 30 16 17 20 178
Regional Housing Permits
Wylie Pending Developments Dominion of Pleasant Valley Ph 2 -62.142
Estates of Creekside-45 ac. -63 Lots, 3 open space ac 212 lots
Braddock Place, Phase 2 - 185 ac. - 44 Lots J Cubed Addition 1.841 ac
Kreymer Estates Phase 1 - 36.475 ac. - 110 Lots Inspiration 3B-1 56.75 ac-205 lot
Lewis Ranch -53 ac. -216 Lots Bozman Farms Phase 5B -21.874 ac 74 lots
Woodbridge 16-25.083 ac. - 111 Lots Kreymer East Phase 1 -26.782 ac 86 lots
Dominion of Pleasant Valley - 361.4 ac. -975 Lots Inspiration Phase 3B-1 56.75 ac 205 lot
Covington Estates Ph 1 - 14.308 ac. -44 lots New Haven at Wylie - 3.126 ac 1 lot
Bozeman Farms- 780 lots remaining (145 under cons.) Kreymer Estates 4-27.312 ac 78 lots
Alanis Crossing - Phase 1 -29.292 ac-53 Lots Stone Ranch - 38.113 ac 138 lots
Braddock Place, Phase 3 -18.322 ac. - 53 Lots, 2 open space Collins Addition -6.398 ac 2 lots
Wilson Creek-38 ac. 140 lots Clarimarhomes 0.281 ac 2 lots
Inspiration 2B-25 ac. 76 lots Wylie ETJ Lake Park villas 26.586 ac 165 lots
ZC 2014-08 Nails -25 ac. 105 Townhomes Creekwood Country Estates-21.34 ac 22 lots
Hunter's Cove Phase I -31.414 ac 58 Lots Keller's 2nd Addition -0.289 ac 1 lot
Bozman Farms Phase 3 - 50.392 ac 139 Lots Keller's 2nd Addition - 0.289 ac 1 lot
Braddock Place Phase 4 -25.608 ac 77 Lots Railroad Add, Lot 3R-1 & 3R-2 -0.281 ac 1 lot
Braddock Plase Phase 3 - 18.322 ac. 53 Lots Inspiration Ph 3B-1 -56.75 ac 199 lots
Creekside Estates Phase VII -23.267 ac. - 11 Lots Bozman Farm Phase 6 - 59.968 ac 181 lots
Castle Park- 31.41 ac 56 Lots Inspiration Ph 3B-3 - 19 lots
Inspiration Phase 1 &2 -- 53 Lots Creekside Phase IX 1.428 ac 5 lots
Kreymer Estates Amenity Center- 3.3 ac. 1 Lot Railroad Addition, Lot 15R - 0.402 ac 2 lots
Kreymer Estates Phase 2 -23.171 ac 60 Lots Woodbridge 21 - 104.174 ac- 367 lots
Kreymer Estates Phase 3 -29.7654 ac 74 Lots
Mansions at Wylie Seniors - 13.125 ac 1 Lot Sachse Pending Developments
Schupbach Estates - 0.633 ac. 2 Lots Jackson Hills Phase 3A-2 - 55 Lots
Wooded Creek Phase 2 Amenity Center-0.512 ac 1 Lot Heritage Park- Phase 3 -81 Lots
Creekside Estates Phase VIII -20.551 ac 65 Lots Parkwood Ranch - Phase 2 -102 Lots
Kreymer Estates Phase 4 -27.312 ac 78 Lots Jackson Hills - Phase 3B - 114 Lots
Bozman Farms Phase 5-69.071 ac 198 Lots Jackson Meadows- 51 Lots
HNI Townhome Addition - 10.06 ac 104 Lots Woodbridge- Phase 19 - 148 Lots
Alanis Crossing Phase II -26.239 ac 42 Lots Estates of Pleasant Valley Phase II - (21 Lots)
Trailsplace Lot 6-BR&6 C-0.256 ac 2 Lots Serene Townhomes (122 units)
Kreymer Park-45.57 ac 151 Lots Malone Estates (37 lots)
Kreymer Estates Phase 3 -29.7654 ac 74 Lots Estates of Pleasant Valley Phase I - (42 lots)
Braddock Place Phase 5 -28.019 ac
Railroad Addition Block 31- 1 ac. ETJ
Creekside Estates Ph 9- 12 ac C &F Copeville Addition - 3.515 ac 3 Lots
Covington Estates Phase 2 - 13.927 ac Geckler Addition - 14.274 ac 1 Lot
Kreymer Park-45.57 ac 151 Lots Reyes estates-3.61 ac 2 Lots
Creekwood Estates - 15.717 ac 20 Lots Creeks Crossing -3.187 ac 2 Lots
Bozman Farms Phase 5 - 69.071 ac 198 Lots
Inspiration Phase 3 and 4- 107.83 ac
Russell Addition-0.16 ac 1 lot
Oaks Addition -0.304 ac 1 lot
Keller's 2nd Addition-0.289 ac 1 lot
Inspiration Phase 5 - 10.32 ac 58 Lots with 3 open space
Serene Villas-21 ac 67 with 3 lots
New Haven at Wylie -3.1 ac 1 lot
Inspiration Phase 2B
Inspiration Phase 3C- 16.431 ac 54 w/3 open
Inspiration Phase 5A-1 10.32 ac 58 with 3
Inspiration Phase 3A-50.08 ac 324 lots
ylie co o ic I evelos e t or s oratio
• -
TO: WEDC Board of Directors
FROM: Sam Satterwhite, Executive Director
SUBJECT: Future Agenda Items
DATE: October 18, 2017
Issue
Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial
consideration/discussion allowed).
Analysis
During this Discussion Item, Board Members will have the opportunity to propose that an issue
be placed on a future agenda for consideration.
The Board will note that no substantial consideration/discussion is allowed so that there will not
be a violation of the Open Meetings Act which requires discussion/action items be placed on
Agenda's with specific language as to what will be discussed. For example, the above language
will allow a Board Member to present a request for a certain item to be placed on an agenda for
consideration, but not the ability for the same Board Member to argue the merits of the issue.
Conversely, another Board Member may not discuss the merits as to why they may not want that
particular item on a future agenda.
Recommendation
This Item is for discussion only and will provide direction to Staff. No formal action is allowed.
AFFIDAVIT STATING CONFLICT OF INTEREST
STATE OF TE • S
COUNTY OF COLLIN
COMES NOW, (Affiant), of lawful age and upon being first duly sworn alleges and
states the following:
Affiant is a member of the Wylie Economic Development Corporation of the City of
Wylie, Texas, which is presently considering or soon will be considering taking action (via vote or
decision)which concerns a business entity or real estate,to wit ,to which the affiant has
a substantial interest, on the basis of the following:
Ownership of 10%or more of the voting stock or shares of the business entity; or
Ownership of either 10% or more, or $15,000 or more of the fair market value of the
business entity; or
Funds received by the affiant from the business entity exceed 10% of the affiant's gross
income for the previous year; or
Ownership of a legal or equitable interest in subject real estate with (said interest)having a
fair market value of$2,500 or more; or
Is related to a person (in the first degree, by consanguinity or affinity, as determined under
Chapter 573, Government Code), who has a substantial interest as such term is defined in
Subsection 171.002 of the Local Government Code.
Affiant further acknowledges that they are required to abstain from further participation in the matter, if,
a) In the case of substantial interest in a business entity the action on the matter will
have a special economic effect on the business entity that is distinguished from the effect
on the public; or
b) In the case of a substantial interest in real property, it is reasonably foreseeable
that an action on the matter will have a special economic effect on the value of the
property, distinguishable from its effect on the public.
Provided however, that such abstention shall not be required if a majority of the members of the above
named governmental body are likewise required to file, and do file, affidavits of similar interest on the
same official action.
FURTHER AFFIANT SAITH NOT
Affiant
Subscribed and Sworn before me the undersigned notary public, by the above named , this
day of ,2006.
Notary Public
Revised 1/99
DETE ' INATION OF CONFLICT OF INTEREST
Local Government Code, Chapter 171.
Regulation of Conflict of Interest of Officers of Municipalities, Counties, and Certain Other Local Governments
Please ask the following questions when the Council/Commission is considering an item
concerning a business entity or real estate in which you have some interest.
1. Does my interest amount to 10% or more of the voting stock or shares in the business
entity?
2. Does my interest amount to ownership of 10% or more of the entity?
3. Does my interest amount to ownership of$15,000 or more of the fair market value of the
entity?
4. Did I receive funds from the entity which exceeded 10% of my income last year?
5. Is my ownership interest in the real estate equal to or exceeding $2,500 of the value of
the real estate?
6. Do I have a spouse,father, mother, brother, sister, son or daughter (including in-laws)
who would answer yes to any of the above?
If you answered "yes" to one or more of the above questions, you have a substantial
interest and must file an Affidavit so stating and refrain from further participation in the matter.
If you can answer "no" to all six questions, you do not have a conflict of interest under
State Law and may participate. Your continued participation is subject to your personal
determination of a conflict which would allow (not force) you to abstain under the provisions of
the City Charter, Article III, Section 11.
Violation of Local Government Code, Section 171.004 is a Class A misdemeanor.
Provided by the Office of the City Secretary,December 1998
A
(From Another Texas EDC's Bylaws)
SECTION 2. Purpose
The purpose of the Conflict of Interest policy is to protect CEDC's tax exempt interest when it is
contemplating entering into a transaction that might benefit the private interests of an officer or
director of CEDC or might result in a possible excess benefit transaction.
This policy is intended to supplement,but not replace, any applicable state and federal laws
governing Conflict of Interest applicable to nonprofit and charitable organizations.
This policy is also intended to identify"Independent" directors.
SECTION 3. Definitions
- "Responsible Person"
is any director,principal officer or member of a committee with governing board delegated
powers, who has a direct or indirect financial interest.
- "Family Member"
is a spouse, domestic partner, parent, child or spouse of a child, brother, sister, or spouse of a
brother or sister, of a Responsible Person.
- "Material Financial Interest"
is a financial interest of any kind, which, in view of all the circumstances, is substantial enough
that it would, or reasonably could, affect a Responsible Person's or Family Member's judgment
with respect to transactions to which the entity is a party.
o A financial interest is not necessarily a Conflict of Interest. A person who has a
financial interest may have a Conflict of Interest only if the Board of Directors
decides that a Conflict of Interest exists, in accordance with this policy.
- "Independent Director"
shall be considered "independent" for the purposes of this policy if he/she is "independent" as
defined in the instructions for the IRS 990 form or, until such definition is available, the
director:
o is not, and has not been for a period of at least three years, an employee of CEDC
or any entity in which CEDC has financial interest;
o does not directly or indirectly have a significant business relationship with CEDC
which might affect independence in decision-making;
o is not employed as an executive of another corporation where any of CEDC's
executive officers or employees serve on that corporation's compensation
committee; and
2271688
o does not have a family member that has a significant financial relationship with
CEDC.
- "Transaction"
is any contract, agreement or relationship involving the sale or purchase of goods, services, or
rights of any kind,the providing or receipt of a loan or grant,the establishment of any other type
of pecuniary relationship, or review of a charitable organization by CEDC. The making of a gift
to CEDC is not a Transaction.
SECTION 4. Procedures
- Duty to Disclose—In connection with any actual or possible Conflict of Interest, a
Responsible Person must disclose the existence of the financial interest and be given the
opportunity to disclose all material facts to the Board of Directors.
Recusal of Self—Any Responsible Person considering the proposed transaction may
recuse him/herself at any time from involvement in any decision or discussion in which a
director believes he/she has or may have a Conflict of Interest, without going through the
process for determining whether a Conflict of Interest exists.
- Determining Whether a Conflict of Interest Exists—After disclosure of the financial
interest and all material facts, and after any discussion with the Responsible Person,
he/she shall leave the governing Board of Directors meeting while the determination of a
Conflict of Interest is discussed and voted upon. The remaining Board of Directors shall
decide if a Conflict of Interest exists.
Procedures for Addressing the Conflict of Interest
- A Responsible Person may make a presentation at the Board of Directors meeting, but
after the presentation, he/she shall leave the meeting during the discussion of, and the
vote on,the transaction involving the possible Conflict of Interest.
- The President or Vice-President shall, if appropriate, appoint a disinterested person or
committee to investigate alternatives to the proposed transaction.
- After exercising due diligence, the Board of Directors shall determine whether CEDC can
obtain with reasonable efforts a more advantageous transaction from a person or entity
that would not give rise to a Conflict of Interest.
If a more advantageous transaction is not reasonably possible under circumstances not
producing a Conflict of Interest,the Board of Directors shall determine by a majority
vote of the disinterested directors whether the transaction is in CEDC's best interest, for
its own benefit, and whether it is fair and reasonable. In conformity with the above
determination, it shall make its decision as to whether to enter into the transaction.
SECTION 5. Violations of the Conflicts of Interest Policy
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If the Board of Directors has reasonable cause to believe a member has failed to disclose
actual or possible Conflicts of Interest, it shall inform the member of the basis for such
belief and afford the member an opportunity to explain the alleged failure to disclose.
- If, after hearing the member's response and after making further investigation as
warranted by the circumstances, the Board of Directors determines the member has failed
to disclose an actual or possible Conflict of Interest,it shall take appropriate disciplinary
action which may include, but not limited to termination or removal in accordance with
CEDC By-Laws, Article II, Section 3 and Article III, Section 3.
SECTION 6. Records of Proceedings
The minutes of the Board of Directors and all committees with board delegated powers
shall contain:
o The names of the persons who disclosed or otherwise were found to have a
financial interest in connection with an actual or possible Conflict of Interest;
• The nature of the financial interest;
• Any action taken to determine whether a Conflict of Interest was present;
and
• The governing board's or committee's decision as to whether a Conflict of
Interest in fact existed.
o The names of the persons who were present for discussions and votes relating to
the transaction;
• The content of the discussion;
• Any alternatives to the proposed transaction; and
• A record of any votes taken in connection with the proceedings.
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(Fro sI io •C ylaws)
A"conflict of interest" is generally defined as a transaction in which, because the individual is,
either directly or indirectly, a party to the transaction or possible beneficiary of the transaction,
there is or may be a conflict between the individual's fiduciary obligations to the EDC and the
individual's personal or business interests. To avoid potential conflict of interest problems, the
EDC implements the following procedures:
1. In any transaction involving the EDC and EDC officer, employee or Board member, and
any other entity in which an individual is an officer, director or has or expects or intends
to have a financial or other beneficial interest, such individual,prior to any discussion or
decision concerning the transaction, shall fully disclose to the EDC or the appropriate
committee considering the transaction the material facts of the transaction and the
individual's interest or relationship.
2. Upon such disclosure,the individual shall take no further part in the meeting during
which time the proposal is considered and voted upon.
3. After receiving such disclosure, prior to approving the transaction,the board or
committee must conclude that the transaction is "fair to the EDC" and must approve the
transaction without the participation or the vote of the interested individual.
4. The interested individual's presence at the meeting may be counted in determining
whether a quorum of the Board or committee is present, but that individual shall not vote
on the transaction.
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