05-27-2005 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
May 27,2005
Board Members Present
Gary Bartow
Gary Bowland
Marvin Fuller
John Yeager
Merrill Young
Staff Present
Samuel Satterwhite, Executive Director
With notice of the meeting posted in time and manner required by law and a quorum of Board
members present, the Board of Directors of the Wylie Economic Development Corporation
(WEDC) met in Regular Session on May 27, 2005 in the Conference Room of Inwood National
Bank located at 200 South Highway 78, Wylie, Texas.
The meeting was called to order by President Marvin Fuller at 7:03 a.m.
ITEM NO. 1 — Executive Session. Convene into Executive Session to Hold Deliberations
Regarding Real Property (Purchase of Real Property within the Wylie Community by the
WEDC) as Authorized in Section 551.072 of the Local Government Code, Vernon's Texas Code
Annotated (Open Meetings Act), and Hold Deliberations Surrounding Personnel Matters
(Evaluation of the Executive Director) as Authorized in the Local Government Code, Section
551.074 all in Accordance with Government Code, Vernon's Texas Annotated (Open Meetings
Act).
The WEDC Board of Directors convened into Executive Session at 7:04 a.m.
ITEM NO. 2—Reconvene Into Open Meeting.
The WEDC Board of Directors reconvened into open meeting at 7:59 a.m.
MOTION: A motion was made by Merrill Young and seconded by John Yeager
authorizing the WEDC Executive Director to present on behalf of the
WEDC a Letter of Intent to the Estate of Mary Ellene Jones for the
purchase of 125 acres near the intersection of F.M. 544 and McCreary
Road for $3,000,000. The WEDC Board of Directors voted 5 — FOR and
0—AGAINST in favor of the motion.
,„.. No motion or action was taken as a result of discussions surrounding personnel matters.
WEDC—Minutes
May 27, 2005
Page 2
ITEM NO. 3 — Consider and Act Upon Issues Surrounding an Incentive Agreement
Between the WEDC and Extruders Division of Atrium Companies, Inc.
MOTION: A motion was made by Gary Bartow and seconded by John Yeager to table
Item No. 3. The WEDC Board of Directors voted 5 — FOR and 0 —
AGAINST in favor of the motion.
ITEM NO. 4—Citizen Participation.
There being no citizen participation, President Fuller proceeded to Item No. 5.
ITEM NO. 5—Adjourn.
There being no further business, the meeting was adjourned at 8:00 a.m.
P6b5;664,1
Marvin Fuller, President
Attest:
•
Samuel D.R. Satterwhite
Executive Director