03-10-2006 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
March 10, 2006
Board Members Present
Gary Bartow
Gary Bowland
Marvin Fuller
John Yeager
Staff Present
Samuel Satterwhite, Executive Director
Others Present
Mark Roath, City Manager(departed at 7:29 a.m.)
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 March 10, 2006 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 6:30 a.m.
ITEM NO. 1 — Consider and Act Upon Approval of the February 23, 2006 Minutes of the
Wylie Economic Development Corporation Board of Directors Meeting.
MOTION: A motion was made by John Yeager and seconded by Gary Bartow to
approve the February 23, 2006 Minutes of the Wylie Economic
Development Corporation Board of Directors meeting. The WEDC Board
of Directors voted 4—FOR and 0—AGAINST in favor of the motion.
ITEM NO. 2 — Consider and Act Upon Approval of Amendments to the WEDC FY 2005 —
2006 Budget.
Staff identified several expenditures within the WEDC FY 2005 — 2006 Budget which was not
contemplated at the time the budget was developed in 2005. In order for the budget to maintain
an accurate reflection of expenditures as they relate to the budget, the WEDC must make certain
mid-year adjustments. The following line items require an increase of the amount budgeted in
addition to a reduction to Incentives (future projects) to offset increased expenditures:
Special Services $23,323
Community Development 15,880
Travel & Training 5,408
Land 186,953
Incentives (future projects) (231,564)
Total -0-
WEDC—Minutes
March 10, 2006
Page 2
Staff made note of specific expenditures within Special Services which included demolition of a
WEDC-owned facility on Cooper Drive ($13,883), surveying by Winkleman & Associates
($1,781), and an additional $5,000 for future unanticipated Special Services expenditures. Also
identified were expenditures within Community Development which included among others,
Meals on Wheels, Blackland Prairie Foundation, the WEDC Invitational, and the Boots N
Barbecue event. Travel & Training included a promotional event sponsored by the WEDC in the
amount of $5,408. Finally, there was the purchase of land on Cooper Drive in the amount of
$186,953.
MOTION: A motion was made by Gary Bartow and seconded by John Yeager to
approve the mid-year budget amendments presented by staff The WEDC
Board of Directors voted 4 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 3 — Discuss Issues Surrounding Development of WEDC Property Located on
Martinez Lane.
Staff reported that excavation at the Martinez site should begin by the 13th of March and
following completion of the same, the balance of the surveying can be completed. Staff reported
that the WEDC continues to work with JTM Technologies on a 20,000 square foot project. Staff
also informed the Board that an unidentified user is interested in developing a 150,000—200,000
square foot facility on the Martinez site. Staff commented that should the WEDC be successful
in securing such a large facility to approximately one-half of the site, the construction of the cul-
de-sac may not be necessary. Staff informed the Board that this item was for information only
which requires no motion or action.
ITEM NO. 4—EXECUTIVE SESSION:
Convene into Executive Session to Hold Deliberations Regarding Real
Property (Purchase of Real Property Located on Industrial Court by
the WEDC) as Authorized in Section 551.072 if the Local Government
Code,Vernon's Texas Code Annotated (Open Meetings Act).
The WEDC Board of Directors convened into Executive Session at 7:30 a.m.
ITEM NO. 5—Reconvene into Open Meeting.
The WEDC Board reconvened into Open Meeting at 7:42 a.m. No action was taken as a result of
Executive Session.
ITEM NO. 6—Citizen Participation.
There being no citizen participation, President Fuller proceeded to Item No. 7.
WEDC—Minutes
March 10, 2006
Page 3
ITEM NO. 7—Adjourn.
There being no further business,the meeting was adjourned at 7:50 a.m.
Marvin Fuller, President
Attest:
sw‘-412_
Samuel D.R. Satterwhite
Executive Director