08-04-2004 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
August 4, 2004
Board Members Present
Gary Bartow
Marvin Fuller
John Yeager
Merrill Young
Staff Present
Samuel Satterwhite, Executive Director
Other Present
Earl Newsom, Council Member
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 August 4, 2004 in the Dividend Room of Inwood National
Bank located at 201 North Ballard, Wylie, Texas.
The meeting was called to order by President Marvin Fuller at 7:07 a.m.
ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the June 28, 2004 Regular
Board of Directors Meeting of the WEDC.
MOTION: A motion was made by John Yeager and seconded by Gary Bartow
approving the minutes for the June 28, 2004 Regular Board of Directors
Meeting of the WEDC. 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 the June, 2004 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by John Yeager
approving the June, 2004 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 4—FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 3 — Consider and Act Upon Issues Surrounding the WEDC FY 2004 — 2005
Budget.
Staff presented the Board with a draft budget based upon suggestions and commentary from the
June 28, 2004 WEDC Board of Directors. A specific change which was made is Platinum
membership in the Wylie Chamber of Commerce. Staff also proposed that the WEDC contract
with Metro Sports for advertising during all Wylie High School varsity football games. The cost
for a Title Sponsor is $5,000. Staff indicated that Wylie will be marketed as a progressive,
business-friendly community.
WEDC —Minutes
August 4, 2004
Page 2
Revenue projections have been estimated at $903,815 with total funds available equaling
$942,208. Major budget items include $350,000 in fixed incentives, $50,000 for future projects,
$218,000 for debt service, $100,000 for the purchase of land, $173,000 in personnel services,
$9,400 for travel, training and recruitment, and 10,000 in audit and legal services. Within debt
service it is proposed that the WEDC finance up to a $700,000 note for the purchase of and
infrastructure improvements to an industrial tract. Staff emphasized that while the tract on
Martinez has been used for analytical purposes, a specific tract has not been identified to
purchase. Also, within personnel services is $12,000 for participation in administrative services
and up to a 7.5% merit raise should the WEDC Executive Director meet certain benchmarks as
identified in the Employment Agreement between the WEDC and its Executive Director.
President Fuller commented that all discretionary monies and monies budgeted for the purchase
of land and associated debt service adhere to the redevelopment goals to be outlined in the
WEDC Strategic Plan. Board member Bartow commented in support of the funds spent to
advertise with Metro Sports.
MOTION: A motion was made by Gary Bartow and seconded by John Yeager
approving the WEDC FY 2004 — 2005 Budget. The WEDC Board of
Directors voted 4—FOR and 0—AGAINST in favor of the motion.
ITEM NO. 4 — Discuss Issues Surrounding the Development of Facilities at 903 W. Kirby
Street (Carlisle Plant).
Staff informed the Board that there has been difficulty in marketing the Carlisle site on F.M. 544.
The difficulty is a result of many different issues including an inflexible asking price, the depth
of the site, an existing 35,000 square foot industrial facility, and the incompatibility of the
existing facility with community retail zoning. Staff also updated the Board regarding the
temporary use of the facility by Sanden International as a distribution center.
Staff indicated that the Carlisle tract is specifically identified in the proposed WEDC strategic
plan as a high priority for development. President Fuller directed staff to use all means possible
to promote the continued utilization by Sanden of the Carlisle facility, the redevelopment of the
entire Carlisle site into a retail/office environment, and to explore any opportunity to relocate the
communications tower to be located on the Greenway site to the southernmost portion of the
Carlisle site.
ITEM NO. 5—Discuss and Consider Issues Surrounding a Strategic Plan for the WEDC.
Staff had no new information surrounding the WEDC Strategic Plan. With no recommendation
or action to be taken, the Board took no action.
WEDC—Minutes
August 4, 2004
Page 3
ITEM NO. 6 - EXECUTIVE SESSION:
The WEDC Board of Directors convened into Executive Session at 7:58 a.m. to hold
deliberations surrounding the sale of WEDC property located at 404 S. Highway 78 in
accordance with Section 551.072 in accordance with Government Code, Vernon's Texas Code
Annotated (Open Meetings Act).
ITEM NO. 7—RECONVENE INTO OPEN MEETING:
The WEDC Board of Directors reconvened into open meeting at 8:40 a.m. No motion was made
or action taken as a result of discussion surrounding the sale of WEDC property located at 404 S.
Highway 78 North.
ITEM NO. 8—Staff Report.
Staff updated the Board on issues surrounding Mann Made, B.E.&H., the First Baptist Church
and the demolition of their storage facility on Ballard Street, a signalization warrant study being
performed near the WEDC 5-acre site, and negotiations surrounding a TIE district to assist
Greenway in the clean-up of a site with environmental problems.
ITEM NO. 9—Citizen Participation.
There being no citizen participation, President Fuller proceeded to Item No. 10.
ITEM NO. 10—Adjourn.
There being no further business, the meeting was adjourned at 8:50 a.m.
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Marvin Fuller, President
Attest:
Samuel D.R. Satterwhite
Executive Director