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07-18-2018 (WEDC) Agenda Packet l.' =t� TICS ! F F,ETIN G Wylie Economic Development CORPORATION Regular eeting Agenda July 18, 2018—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas Marvin Fuller...... ......... ......... ......... ........ .......... ........President Todd Wintters Vice President John Yeager 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.... . .. .....:.. .. ............ ........... .. .. ..:: .....,. : ......... ...........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 inzlieterov ggv within the required time frame. CALL TOO ` )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 June 12, 2018 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the June 2018 WEDC Treasurer's Report. III. Consider and act upon authorizing the WEDC Executive Director to execute a contract for alley improvements generally located east of Ballard Street between Jefferson Street and Brown Street. IV. Consider and act upon issues surrounding principal reduction payments toward a loan(s) between the WEDC and The American National Bank of Texas. V. Consider and act upon a work order between the WEDC and W&M Environmental to address environmental issues located at 802 W. Kirby. WEDC—Agenda July 18, 2018 Page 2 of 3 VI. Consider and act upon approval of the FY 2018-2019 WEDC Budget. VII. Consider and act upon issues surrounding the Election of WEDC Officers. VIII. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2018-2019. IX. Consider and act upon a First Amendment to Performance Agreement between the WEDC and Dank Real Estate, Ltd. X. Consider and act upon a Performance Agreement between the WEDC and Taylor & Son Properties, LLC. DISCUSSION ITEMS XI. Staff report: review issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, REVA Hospitality, Sanden/Hensley roadway improvements, Aerials, KCS Strategic Partners Conference, WEDC website, public information requests, active project summary, and regional housing starts. XII. Discuss issues surrounding approval requirements and reporting practices between the WEDC and Wylie City Council. XIII. Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). EXECUTIVE 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 at: • Oak&Jackson • State Highway 78 and Sanden Blvd. • State Highway 78 & 5th Street 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 2018-4a • Project 2018-5a • Project 2018-6a • Project 2018-6b • Project 2018-6c • Project 2018-7a WEDC—Agenda July 18, 2018 Page 3 of 3 Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). • Performance Evaluation and Merit Increases for WEDC Staff. ' CONVENE INTO OPEN MEETING ADJOU MENT CERTIFICATION I cert6 that this Notice of Meeting was posted on this 13" day of July 2018 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: Stephanie Storm,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Tuesday, June 12, 2018 —6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas CALL TOO ' I ER Announce the presence of a Quorum President Marvin Fuller called the meeting to order at 6:32 a.m. Board Members present were John Yeager, Bryan Brokaw, Todd Wintters, and Demond Dawkins. Ex-officio member Mayor Eric Hogue was 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 May 16, 2018 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to approve the May 16, 2018 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the motion. ITEM NO.2—Consider and act upon approval of the May 2018 WEDC Treasurer's Report. Staff reviewed the items contained in the Treasurers Report and called the Board's attention to the 4% increase in sales tax this month. While this is encouraging, staff will continue to monitor for any budget adjustments that might be necessary. In reviewing the Balance Sheet Subledger, the Board discussed paying off outstanding loans following the sale of property to SCSD-Finnell, Ltd. which is scheduled to close in June. The Board directed Staff to payoff loans 88148481 and 88157334 and apply $300,000 to principal reduction of loan 88149711. MOTION: A motion was made by Demond Dawkins and seconded by John Yeager to approve the May 2018 Treasurer's Report for the Wylie Economic Development Corporation. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. WEDC—Minutes June 12, 2018 Page 2 of 4 ITEM NO.3—Consider and act upon authorizing WEDC President Marvin Fuller to execute all documentation necessary to effectuate the sale of Lot 4RB within Railroad Industrial Park Addition, consisting of 1.569 acres, to SCSD-FINNELL, Ltd along with all documents contemplated within the Purchase and Sale Agreement executed on January 10, 2018 between SCSD-FINNELL, Ltd and the WEDC. Staff reviewed that the WEDC entered into a Purchase and Sale Agreement with SCSD-FINNELL, LTD on January 10,2018 for the sale of 1.54 acres to be developed with a proposed 10,000 square foot multi-tenant building. Staff also called the Board's attention to the recorded plat showing the subdivided Lot 4RB of 1.569 acres out of the original 3.014 acres owned by the WEDC. As per the agreed upon square foot price, the total sales price will be $1,367,060 prior to closing expenses. As negotiated within the Purchase and Sale Agreement, and part of the presented Performance Agreement, Finnell will receive a $25,000 reimbursement incentive should a building permit be issued no later than 12-31-18 and a 10,000 square foot multi-tenant structure be substantially complete no later than 10-1-19. Further,Finnell will receive an additional$50,000 reimbursement incentive should a 60% lease ratio of restaurant users be achieved within 30 months of closing. However,should Finnell not achieve a minimum 53%lease ratio within the same 30-month period, Finnell will be subject to a penalty of$125,000 as secured by a Deed of Trust. Within the Performance Agreement, staff recommended two changes: (1) Page 2, Section 3a "...applied to obtain a building permit..."will be amended to"obtained a building permit"and(2) Page 4, Section 10 "...at the sole reasonable discretion..." will be amended to "the sole discretion". Staff recommended that the WEDC Board of Directors authorize WEDC President Marvin Fuller to execute all documentation necessary to effectuate the sale of Lot 4RB within Railroad Industrial Park Addition, consisting of 1.569 acres, to SCSD-FINNELL, Ltd along with all documents contemplated within the Purchase and Sale Agreement executed on January 10, 2018 between SCSD-FINNELL, Ltd and the WEDC. MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to authorize WEDC President Marvin Fuller to execute all documentation, as amended, necessary to effectuate the sale of Lot 4RB within Railroad Industrial Park Addition, consisting of 1.569 acres, to SCSD-FINNELL, Ltd along with all documents contemplated within the Purchase and Sale Agreement executed on January 10,2018 between SCSD-FINNELL,Ltd and the WEDC. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 4—Consider and act upon issues surrounding the provision of WEDC assistance toward infrastructure improvements to be made by Taylor and Son Properties, LLC benefiting property located at 107 N. Jackson Avenue. WEDC—Minutes June 12, 2018 Page 3 of 4 As directed by the Board in the May 16th Board Meeting, staff approached Taylor & Son to encourage the maximum amount of parking spaces be developed at the 1,290 square foot remodel taking place by Taylor at their new 107 Jackson Street acquisition. Staff was able to confirm that with WEDC assistance, Taylor will provide seven parking spaces behind the building. Using the rationale that a minimum of three spaces contemplated by Taylor could be constructed and meet reasonable parking requirements, staff proposed that the WEDC fund 50% of the cost associated with maximizing the parking on the lot which would add four additional spaces. The thought is that the WEDC/downtown business district and Taylor are both benefitting from the additional parking and the WEDC shares in the cost. Taylor indicated that the additional 4 spaces will cost $6,400 with staff proposing to fund $3,200 for reimbursement of expenses associated with the qualified infrastructure. Staff recommended that the WEDC Board of Directors authorize the Executive Director to enter into a Performance Agreement with Taylor and Son Properties, LLC to provide up to $3,200 in reimbursements for qualified infrastructure assistance. MOTION: A motion was made by Bryan Brokaw and seconded by John Yeager to authorize the Executive Director to enter into a Performance Agreement with Taylor and Son Properties, LLC to provide up to $3,200 in reimbursements for qualified infrastructure assistance. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO. 5 - Staff report: Staff reviewed issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, REVA Hospitality, Dank Real Estate, LP, FY 2018 — 2019 Budget, ' K Properties, ICSC 2018, and regional housing starts Staff updated the Board on WEDC activities and properties noting a delay in the construction start date for Dank Real Estate, LP's expansion of their Gourmet Popcorn manufacturing plant. Activity has resumed and staff is working this Dank to identify a revised start date. In addition, staff informed the Board of a minor modification that was made to JRMK Properties Performance Agreement prior to payment of the incentive. Due to client confidentiality issues, JRMK objected to allowing an audit of company records or providing documentation for the file. Staff reviewed the required documentation in JRMK's offices and was satisfied that the required performance measures had been met and verified. ITEM NO. 6 —Discussion of issues to be placed on a future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). No Board Member requested any items to be placed on future Agendas. WEDC—Minutes June 12, 2018 Page 4 of 4 EXECUTIVE SESSION Recessed into Closed Session at 7:16 a.m. 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: • Oak& Ballard • Birmingham& 78 • Project 10-7 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 2018-4b • Project 2018-4c • Project 2018-5a • Project 2018-6a • Project 2018-6b • Project 2018-6c RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 8:27 a.m. and took no action. ADJOURNMENT With no further business, President Fuller adjourned the WEDC Board meeting at 8:27 a.m. Marvin Fuller, President ATTEST: Samuel Satterwhite, Director ylie Econo ic 1 evelop ent Corporation E O - A DU TO: Samuel Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistant SUBJECT: June 2018 Treasurer's Report DATE: July 10, 2018 Issue Consider and act upon approval of the June 2018 WEDC Treasurer's Report. Analysis From the Balance Sheet,page 1: Deposits - $2,000. This amount reflects a $2,000 deposit paid to Wylie Industrial Court for the current location of the WEDC office. Account Rec — Forgivable Loans - $210,000. This figure represents the loan made to Exco Extrusion Dies in the amount of$350,000. The first 2 loan payments were forgiven on February 24, 2017 and February 24, 2018 respectively, in accordance with the terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 3 loan payments will be forgiven in equal amounts of$70,000 on an annual basis effective February 24th. Deferred Outflows - $713,000. This is a total of incentive payments which are due in the future. A breakdown of these charges includes: B & B Theatres - $25,000, Exco Extrusion Dies — $40,000, REVA Hospitality- $100,000, DCU - $100,000, DANK Real Estate - $83,000, MIKTEN - $20,000, Cross Development - $250,000, Hooper-Woodbridge - $20,000, SCSD- Finnell - $75,000. Balance Sheet,page 2: Deferred Inflow - $117,000. This figure represents the Exco Extrusion Dies forgivable loan which 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 and second payments of$39,000 were forgiven on 2-24-17 and 2-24-18, respectively, with three payments remaining. WEDC June 2018 Treasurers Report July 10, 2018 Page 2 of 2 Revenue and Expense Report,page 2: Rental Income — $1,700. Delta-E - $800, Helical Concepts - $400, Richmond Hydromulch - $500. Gain/(Loss) Sale of Capital Asset - $261,116.11. This represents the gain from the sale of the second Hwy 78 lot to SCSD-Finnell ($1,260,271.30 net proceeds less cost basis of$999,155.23). Revenue and Expense Report,page 3: Office Supplies - $443.37. Letterhead and stationary ($329.73), Photography Mounting ($113.64). Potage& Freight - $7.83. Reva Notification. Food Supplies - $167.35. WEDC Board Meeting Meals ($73.02), Ofc Luncheon($94.33). Computer Hardware/ Software—$39. Charger Replacement - Satterwhite. Incentives - $56,832.73. Woodbridge Crossing Sales Tax Reimbursement. Special Services — $3,552. Sales Tax Report ($2,610), Qrtly Pest Control ($95), Mowing ($429.50), Janitorial Service ($157.50). Advertising - $7,220. In & Around -June ($1,595), Connection — June/July ($1,500), Wylie News ($275), TEDC Award Application Fee ($100), DBJ ($3,750). Travel & Training — $4,607.49. TEDC Mid-Year Reg. — Greiner ($350), ICSC-Greiner ($1,620.56), InvenTrust Mtg-Air-Satterwhite ($287.96), ICSC-Brokaw ($859.41), ICSC-011ie ($573.69), ICSC-Hogue ($167.80), Prospect Recruitment ($499.92), Prospect Recruitment - Meals ($45.92), Prospect Recruitment-Taxi ($57.28), Bus Mtg/Project. Updates ($144.95). Dues & Subscriptions - $1,130.67. IEDC Dues ($420), Club Corp Dues ($710.67). Recommendation Staff recommends that the WEDC Board of Directors approve the June 2018 Treasurer's Report. Attachments June 2018 Treasurer's Report Sales Tax Revenue Wylie Economic Development Corporation Statement of Net Position As of June 30,2018 Assets Cash and cash equivalents $ 1,772,127.53 Receivables $ 210,000.00 Note 1 Inventories $ 7,903,774.60 Prepaid Items $ Total Assets $ 9,885,902.13 Deferred Outflows of Resources Pensions $ 66,481.55 Total deferred outflows of resources $ 66,481.55 Liabilities Accounts Payable and other current liabilities $ 114,577.14 Unearned Revenue $ 120,000.00 Note 2 Non current liabilities: Due within one year $ 537,520.47 Note 3 Due in more than one year $ 3,535,515.61 Total Liabilities $ 4,307,613.22 Deferred Inflows of Resources Pensions $ (2,839.41) Total deferred inflows of resources $ (2,839.41) Net Position Net investment in capital assets $ Unrestricted $ 5,647,609.87 Total Net Position $ 5,647,609.87 Note 1: Includes incentives in the form of forgivable loans for$210,000.00 Note 2: Exco amortization;deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$63,028 Note 4: The WEDC provides monetary incentives to companies to relocate/expand within the City of Wylie. At June 30,2018,these commitments totaled$713,000 7-11-2018 05:10 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JUNE 30TH, 2018 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH & CASH EQUIV 1,770,127.53 1000-10115 CASH - WEDC - INWOOD 0.00 1000-10135 ESCROW 0.00 1000-10180 DEPOSITS 2,000.00 1000-10198 OTHER - MISC CLEARING 0.00 1000-10341 TEXPOOL 0,00 1000-10343 LOGIC 0.00 1000-10481 INTEREST RECEIVABLE 0.00 1000-11511 ACCTS NEC - MISC 0.00 1000-11517 ACCTS REC - SALES TAX 0.00 1000-12810 LEASE PAYMENTS RECEIVABLE 0.00 1000-12950 LOAN PROCEEDS RECEIVABLE 0.00 1000-12996 LOAN RECEIVABLE 0.00 1000-12997 ACCTS NEC - JTM TECH 0.00 1000-12998 ACCTS NEC - FORGIVEABLE LOANS 210,000,00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 7,903,774.60 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 713,000.00 10,598,902.13 TOTAL ASSETS 10,598,902.13 IJABILITIES 2000-20110 FEDERAL INCOME TAX PAYABLE 0,00 2000-20111 MEDICARE PAYABLE 0.00 2000-20112 CHILD SUPPORT PAYABLE 0.00 2000-20113 CREDIT UNION PAYABLE 0.00 2000-20114 IRS LEVY PAYABLE 0.00 2000-20115 NATIONWIDE DEFERRED COMP 0.00 2000-20116 HEALTH INSUR PAY-EMPLOYEE I 0,05) 2000-20117 TMRS PAYABLE 0,00 2000-20118 ROTH IRA PAYABLE 0.00 2000-20119 WORKERS COMP PAYABLE 0.00 2000-20120 FICA PAYABLE 0.00 2000-20121 TEC PAYABLE 0.00 2000-20122 STUDENT LOAN LEVY PAYABLE 0,00 2000-20123 ALIMONY PAYABLE 0,00 2000-20124 BANKRUPTCY PAYABLE 0.00 2000-20125 VALIC DEFERRED COMP 0.00 2000-20126 ICMA PAYABLE 0.00 2000-20127 EMP. LEGAL SERVICES PAYABLE 0,00 2000-20130 FLEXIBLE SPENDING ACCOUNT 1,374.96 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE ELITE 12.00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00 2000-20199 MISC PAYROLL PAYABLE 0,00 7-11-2018 05:10 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JUNE 30TH, 2018 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 5,116.08 2000-20210 ACCOUNTS PAYABLE 108,026.15 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 713,000.00 2000-20810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 117,000.00 2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 3,000.00 TOTAL LIABILITIES 947,577.14 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESERV/UNDESIG 9,727,718.57 TOTAL BEGINNING EQUITY 9,727,718.57 TOTAL REVENUE 1,778,478.57 TOTAL EXPENSES 1,854,872.15 REVENUE ovER/((JNDER) EXPENSES 76,393.58) TOTAL EQUITY & OVER/(UNDER) 9,651,324.99 TOTAL LIABILITIES, EQUITY 6 OVER/(UNDER) 10,598,902,13 7-11-2018 05:10 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF JUNE 30TH, 2018 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE ASSETS 1000-10312 GOVERNMENT NOTES 0.00 1000-18110 LOAN - WEDC 0.00 1000-18120 LOAN - BIRMINGHAM 0.00 1000-18210 AMOUNT TO BE PROVIDED 0.00 1000-18220 BIRMINGHAM LOAN 0.00 1000-19050 DEF OUTFLOW - CONTRIBUTIONS 27,922.29 1000-19075 DEF OUTFLOW - INVESTMENT EXP 34,333.48 1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 4,225.78 1000-19125 (GAIN)/LOSS ON ASSUMPTION CHG( 2,839.41) 63,642.14 TOTAL ASSETS 63,642.14 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 90,879.88 2000-20311 COMP ABSENCES PAYABLE-CURRENT 0.00 2000-21410 ACCRUED INTEREST PAYABLE 4,847.65 2000-28205 WEDC LOANS/CURRENT 469,644.82 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 AND LOAN/EDGE 0.00 2000-28233 ANB LOAN/PEDDICORD WHITE 486,231,80 2000-28234 ANB LOAN/RANDACK HUGHES 0.00 2000-28235 ANB LOAN 0.00 2000-28236 AND CONSTRUCTION LOAN 0.00 2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 401,725,96 2000-28238 AND LOAN/BUCHANAN 79,151.81 2000-28239 ANB LOAN/JONES:HOBART PAYOFF 95,009.40 2000-28240 HUGHES LOAN 0.00 2000-28245 ANB LOAN/DALLAS WHIRLPOOL 2,000,000.00 2000-28247 JARRARD LOAN 256,732.59 2000-28250 CITY OF WYLIE LOAN 0.00 2000-28260 PRIME FUTS LOAN 0.00 2000-28270 DOWLAND/ANDERSON LOAN 0.00 2000-28280 CAPITAL ONE CAZAD LOAN 0.00 2000-28290 HOBART/COMMERCE LOAN 0.00 2000-29150 NET PENSION LIABILITY 188,812,17 TOTAL LIABILITIES 4,073,036.08 EQUITY 3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 4,368,437.30) 3000-35900 UNRESTRICTED NET POSITION 114,969.00) TOTAL BEGINNING EQUITY ( 4,483,406.30) TOTAL REVENUE 0.00 TOTAL EXPENSES 474,012.36) 7-11-2018 05:10 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JUNE 30TH, 2018 922-GEN LONG TERM DEBT (WEDC) ACCOUNTit TITLE REVENUE OVER/(UNDER) EXPENSES 474,012.36 TOTAL EQUITY & OVER/(UNDER) ( 4,009,393.94) TOTAL LLABILITIES, EQUITY & OVER/(UNDER) 63,642.14 7-11-2018 05:13 PM CITY OF WYLIE PAGE: 1 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS or JUNE 30TH, 2018 Ill-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 5 OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET REVENUE SUMMARY ....,...._ ,..„ TAXES 2,831,474.00 199,412.29 0.00 1,401,868.98 0.00 1,429,605.02 49.51 INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0,00 0.00 0.00 INTEREST INCOME 14,957.88 241.96 0.00 58,678.27 °AO ( 43,720.39) 392.29 MISCELLANEOUS INCOME 1,606,020.00 263,816.11 0.00 317,931.32 0.00 1,288,088.68 19.80 OTHER FINANCING SOURCES 0.00 0.00 000 0.00 0.00 0.00 0.00 TOTAL REVENUES 4,452,451.88 463,470.36 0.00 1,778,478.57 0.00 2,673,973.31 39.94 EXPENDITURE SUMMARY DEVELOPMENT CORP-WEDC 4,859,25900 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19 TOTAL EXPENDITURES 4,859,259.00 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19 REVENUE OVER/(UNDER) EXPENDITURES ( 406,807,12) 291,509.66 0.00 ( 76,393.58) ( 1,000.00) ( 329,413.54) 19.02 7-11-2018 05:13 PM CITY OF WYLIE PAGE: 2 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JUNE 30TH, 2018 111-WYLIE ECONOMIC DEVEI, CORP REVENUES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET o OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET TAXES 4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-40210 SALES TAX 2,831,474.00 199,412.29 0.00 1,401,868:98 0.00 1,429,605.02 49.51 TOTAL TAXES 2,831,474.00 199,412.29 0.00 1,401,868.98 0.00 1,429,605.02 49.51 INTERGOVERNMENTAL REV. 4000 43518 380 ECONOMIC AGREEMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 -0.00 0.00 0.00 INTEREST INCOME ..................... 4000-46050 CERTIFICATE OF DEPOSIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-46110 ALLOCATED INTEREST EARNINGS 3,000.00 241.96 0.00 3,125.55 0.00 (.. 125.55) 104.19 4000-46140 TEXPOOL INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-46143 LOGIC INTEREST 0.00 0.00 000 0.00 0.00 0.00 0.00 4000-46150 INTEREST EARNINGS 2,502.66 0.00 0.00 1,205.16 0.00 1,297.50 48.16 4000-46160 LOAN REPAYMENT (PRINCIPAL) 9,455.22 0.00 0.00 54,347.56 0.00 ( 44,892.34) 574.79 4000-46210 BANK MONEY MARKET INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL INTEREST INCOME 14,957.88 �-�_241.96 .. 0.00 SB,678.?7 0.00 ( 93,720.39) 392.29 MISCELLANEOUS .INCOME 4000 48110 RENTAL INCOME 103,200.00 1,700.00 0.00 86,815.00 0.00 16,385.00 84.12 4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0,00 0.00 0.00 0.00 0.00 4000-48410 MISCELLANEOUS INCOME 0.00 1,000.00 0,00 1,000.21 0.00 ( 1,000.21) 0.00 4000-48430 GAIN/(LOSS) SALE OF CAP ASS 1,502,820.00 261,116.11 0.00 230,116.11 0.00 1,272,.703.89 15.31 TOTAL MISCELLANEOUS INCOME 1,606,020.00 263,816.11 0.00 317,931.32 0.00 1,288,088.68 19.80 OTHER FINANCING SOURCES 4000 49160 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4000-49325 BANK NOTE PROCEEDS 0,00 0.00 0.00 0.00 0n00 0,00 0.00 4000-49550 LEASE PRINCIPAL PAYMENTS (0 000 0.00 0.00 0.00 0,00 0,00 0,00 4000-49600 INSURANCE RECOVERIES 0.00 0.00 0.00 0.00 0,00 0.00 0.00 TOTAL OTHER FINANCING SOURCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAI, REVENUES 4,452,451.88 463,470.36 0.00 1,778,478.57 0.00 2,673,973.31 39.94 7-11-2018 05:13 PM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JUNE 30TH, 2018 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 8 OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET .... PERSONNEL SERVICES 5611-51110 SALARIES 284,473.00 21,833.46 0,00 202,571.70 0.00 81,901.30 71.21 5611-51130 OVERTIME 0.00 0.00 0,00 0.00 0,00 0.00 0.00 5611-51140 LONGEVITY PAY 1,309.00 0.00 0.00 1,300.00 0,00 9.00 99.31 5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611-51160 CERTIFICATION INCENTIVE 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611-51210 CAR ALLOWANCE 12,600.00 969.26 0.00 9,000.27 0,00 3,599.73 71.43 5611-51220 PHONE ALLOWANCE 4,656.00 0,00 0.00 3,492.00 0,00 1,164.00 75.00 5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-51260 MOVING ALLOWANCE 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611-51310 TNRS 44,996.00 3,494.13 0,00 32,975.19 0.00 12,020.81 73.28 5611-51410 HOSPITAL & LIFE INSURANCE 36,671.00 3,056.56 0.00 28,363.44 0.00 8,307.56 77.35 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0,00 0.00 0,00 0.00 0.00 5611-51420 LONG-TERM DISABILITY 1,622.00 167,88 0,00 820.99 0.00 793.01 51.11 5611-51440 FICA 18,500.00 1,370.54 0.00 10,494.50 0,00 8,005.50 56.73 5611-51450 MEDICARE 4,327.00 320.52 0.00 2,967.55 0.00 1,359.45 68.58 5611-51470 WORKERS COMP PREMIUM 786.00 0.00 0.00 419.48 0,00 366.52 53.37 5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 486.00 0.00 324.00 60.00 TOTAL PERSONNEL SERVICES 410,750.00 31,212.35 0.00 292,899.12 0.00 117,850.88 71.31 SUPPLIES 5611-52010 OFFICE SUPPLIES 16,140.00 493.37 0.00 6,952.64 0.00 9,687.36 39.98 5611-52040 POSTAGE & FREIGHT 980.00 7.83 0.00 151.38 0.00 828.62 15.45 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 C.00 0.00 0.00 0.00 0.00 5611-52810 FOOD SUPPLIES 2,250.00 167.35 0.00 1,585.26 0.00 664.74 70.46 5611-52990 OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0,00 TOTAL SUPPLIES 19,370.00 618.55 0.00 8,189.28 0.00 11,180.72 42.28 MATERIALS FOR MAINTENANC 5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0,00 0.00 0.00 5611-54810 COMPUTER HARD/SOFTWARE 3,000.00 39.00 0.00 2,196.83 0,00 803.17 73.23 5611-54990 OTHER 5,000.00 0.00 0.00 0.00 0,00 5000.00 0.00 TOTAL MATERIALS FOR MAINTENANC 8,000.00 39.00 0.00 2,196.83 0.00 5,803.17 27.46 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 987,069.00 56,832.73 0,00 545,697.11 0.00 441,371.89 55.28 5611-56040 SPECIAL SERVICES 276,276.00 3,552.00 0.00 232,350.82 1,000.00 42,925.18 64.46 5611-56080 ADVERTISING 146,355.00 7,220.00 0,00 38,234.00 0.00 108,121.00 26.12 5611-56090 COMMUNITY DEVELOPMENT 52,350.00 0.00 0.00 35,512.82 0.00 16,837.18 67.84 5611-56110 COMMUNICATIONS 9,936.00 512.78 0.00 6,812.17 0.00 3,123.83 68.56 5611-56180 RENTAL 29,328.00 2,449.70 0,00 24,253.68 0.00 5,074.32 82.70 5611-56210 TRAVEL & TRAINING 36,450.00 4,607.49 0.00 18,281.56 0.00 18,168.44 50.16 5611-56250 DUES & SUBSCRIPTIONS 29,598.00 1,130.67 0,00 21,672.91 0.00 7,925.09 73.22 5611-56310 INSURANCE 3,810.00 0.00 0.00 2,772.47 0.00 1,037.53 72.77 5611-56510 AUDIT & LEGAL SERVICES 33,000.00 0.00 0.00 27,231.73 0.00 5,768.27 82.52 5611-56570 ENGINEERING/ARCHITECTURAL 30,000.00 0.00 0.00 2,700.00 0.00 27,300.00 9.00 5611-56610 UTILITIES-ELECTRIC 4,900.00 0.00 0.00 2,322.46 0.00 2,577.54 47.40 TOTAL CONTRACTUAL SERVICES 1,639,072.00 76,305.37 0.00 957,841,73 1,000.00 680,230.27 58.50 7-11-2018 05:13 PM CITY OF WYLIE PAGE: 4 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JUNE 30TH, 2018 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET DEBT SERVICE & CAP. REPL 5611-57110 DEBT SERVICE 1,065,637.93 0.00 0,00 0.00 0,00 1,065,637.93 0.00 5611-57410 PRINCIPAL PAYMENT 804,320.52 50,931.12 0.00 474,031.56 0.00 330,288.96 58.94 5611-57415 INTEREST EXPENSE 139,877.55 12,854.31 0,00 119,713.63 0.00 20,163.92 85.58 5611-57710 BAD DEBT EXPENSE 0.00 0.00 0,00 0.00 0.00 0.00 0.00 TOTAL DEBT SERVICE & CAP. REPL 2,009,836.00 63,785.43 0.00 593,745.19 0.00 1,416,090.81 29.54 CAPITAL OUTLAY 5611-58110 LAND-PURCHASE PRICE 770,231.00 0.00 0.00 573,844.35 0.00 196,386.65 74.50 5611-58120 DEVELOPMENT FEES 0.00 0,00 0.00 0.00 0.00 0.00 0.00 5611-58150 LAND-BETTERMENTS 0.00 0,00 0,00 0.00 0.00 0.00 0.00 5611-58210 STREETS & ALLEYS 0.00 0,00 0,011 0,00 0.00 0.00 0.00 5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-58810 COMPUTER HARD/SOFTWARE 1,000.00 0,00 0.00 0,00 0.00 1,000.00 0.00 5611-58830 FURNITURE & FIXTURES 1,000.00 0,00 0.00. 0,00 0.00 1,000.00 0.00 5611-58910 BUILDINGS 0.00 0.10 0.00 0.00 0.00 0.00 0.00 5611-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 ( 573,844.35) 0.00 573,844.35 0.00 TOTAL CAPITAL OUTLAY 772,231.00 0.00 0.00 0.00 0.00 772,231.00 0,00 OTHER FINANCING (USES) 5611-59111 TRANSFER TO GENERAL FUND 0.00 0.00 0.00 0,00 0.00 0.00 0,00 5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0,00 0.00 0,00 0.00 0.00 0.00 5611-59990 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 4,859,259.00 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19 TOTAL EXPENDITURES 4,859,259.00 171,960.70 0.00 1,854,872.15 1,000.00 3,003,386.85 38.19 REVENUE OVER (UNDER) EXPENDITURES ( 406,807.12) 291,509.66 0.00 ( 76,393.58) ( 1,000.00) ( 329,413.54) 19.02 ' , END OF REPORT *** 7-11-2018 5:20 PM DETAIL LISTING PAGE: 1 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018 DEPT : 611 DEVELOPMENT CORD-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET--------DESCRIPTION----------------- VEND INV/JE # NOTE AMOUNT---- ----BALANCE==== 5611-52010 OFFICE SUPPLIES BEGINNING BALANCE 6,009.27 6/20/18 6/20 A17855 DFT: 000606 01306 MOUNTED PHOTO HWY 78 000912 8277 JUN18 WYGANT 113.64 6,122.91 6/20/18 6/20 A17917 CHK: 097275 01331 STATIONARY 000392 26656 WEDC 313.13 6,436.04 6/20/18 6/20 A17918 CHK: 097275 01331 STATIONARY 000392 26682 WEDC 16.60 6,452.64 000, 000000000 JUNE ACTIVITY DB: 443.37 CR: 0.00 443.37 5611-52040 POSTAGE & FREIGHT BEGINNING 13 A LAN C E 143.55 6/20/18 6/20 A17855 DFT: 000606 01306 REVA NOTIFICATION 000912 8277 JUN18 WYGANT 7.83 151.38 000---.0,.-.0.. .JUNE ACTIVITY DH: 7.83 CR: 0.00 7.83 561.1-52130 TOOLS/ EQUIP (NON-CAPITAL) BEGINNING BALANCE 0.00 5611-52160 TOOLS/ EQUIP - $100-$999.99 BEGINNING H A LAN C E 0.00 5611-52810 FOOD SUPPLIES BEGINNING BALANCE 1,417.91 6/20/18 6/20 A17855 DFT: 000606 01306 WEDC BOARD MTG MEAL 000912 8277 JUN18 WYGANT 3.34 1,421.25 6/20/18 6/20 A17855 DFT: 000606 01306 WEDC BRD MTG MEAL 000912 8277 JUN18 WYGANT 69.68 1,490.93 6/20/18 6/20 A17846 DFT: 000606 01305 OFC LUNCH 000912 8277 JUN18 SATTER 94.33 1,585.26 - 00- '"0-0 0 JUNE ACTIVITY DB: 1.67.35 CR: 0.00 167.35 5611-52990 OTHER BEGINNING BALANCE 0.00 5611-54630 TOOLS & EQUIPMENT BEGINNING BALANCE 0.00 5611.-5481.0 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 2,157.83 6/20/18 6/20 A17855 DFT: 000606 01306 CHARGER REPLACEMENT 000912 8277 JUN18 WYGANT 39.00 2,196.83 �:,,: ., '00_0,0-0,', JUNE ACTIVITY DB: 39.00 CR: 0.00 39.00 ,'n-zom s.znrm osrur1. 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seLuo `^x orr ou«vn/ 030918 z.s`o,00 231.408.82 6/14/18 6/14 ^/7369 cx^. 09,136 o'/v» nurL, poor mmcuo^ 000'oz 10044 vuoc 95.00 23/'503�62 6/14/18 o/`^ u,1376 cov. 09,137 01169 movzmo ^rnzL 00362'/ 1225 wooc 260.00 231'/63.82 */zo/za 6/14 ^17317 uox. oy`zzv 01165 mon-°ooc pnop'/1 002723 /875 °uoo ^zp�xo 232'193.32 6/18/18 ^/^o n,,nza m^. 0971_77 v/zzv aumrroaz^^ mc 002330 4447, 15/�50 x»c'^no.oz mwu acrmzrx oo. 3'552�00 ox. u�oo 3'552,00 '----------------------------------------_-______.~__-__---_=___---~___^___-_--_-----~-_--'_._-_--_----_-_____'--__-__ 5o1, 5svnu ^n,Eoczxzoc a o s z w m , w c o ^ L u m o o 3/'014�00 a/,^/'v 6/14 a17365 cxx. 09,113 01169 ^ow,Lzo NEWS-GRADS 000391 16971 wooc 275,00 sz'zov,nv o/'^/`o 6/14 vl,z*s cnx. vvr`xa 01169 ^n-za'^pwo-wwo 00039/ 16993 wEoc 1'595,00 xz.000°ov 6/1*/18 v/'^ v17368 ouu. v,,zv^ o''os cnmmoozzom ^u m,w/JnL onoxnv oz^' wono 1'500,00 34.384�00 o/zo//u 6/20 ^17812 o,r. 000606 01301 rooC ^rp roo nnnozz uz,/ J"Nzn smEzwom 100�00 »^'oo^°ou */zz/zp o/zz ^18/1' cxn. 09/321 0135+ na^ vomow IN BUS-SPONSOR oozzo, 0392284 wonc 3'/50.00 38'234^00 _~_~~~~~~~~~~ zvwo ncrzvzT, no. r'z,o�on CR. 0,00 7'220.00 ----------------------------------------------------------�-=---__=-___---_---=-__----__---=-==--='_--=_--___-__-_---_---- 5611-56090 cnxmnmzr, oovo^n,momr a o G z m m z w c a a 1, ^ w c m 35'512�82 ___-___-_,_-__-___--~--__~_-~--___--___~_~-_____-____-_~_~_______-__~_-_~_____'~-___-_-_____-_~_--_~__-__~_----°~- s6/z 56110 cnmmnmzxxrzoNs a s u z w m , m c n x L ^ m C m 6.299�39 6/14/18 ^/'^ m73,1 oux. 09,144 01169 r^aLmr nour wuoc 00179, 822495`9907 m^xu-J 113�9/ 6.413�36 6/14//8 6/14 u',`,, Cax. uy,^sv 01169 zoroamc,-Wooc m,25 Jvz^ 004568 21015,,989 w^,cs J 221�76 6'635.12 6/20/18 6/20 ^i�o«s ovr. vv"ons 01305 ruLoconwo cvc onovzz 8277 Jvm18 oarroa zr/,os 6.812�17 mmo uozzvzrz oa. 512�,8 CR. n�on 512�78 7-11-2018 5:20 PM DETAIL LISTING PAGE: 3 FUND 111-WYLIE ECONOMIC REVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2013 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAM # REFERENCE PACKET------DFSCRIPTION------- VEND INV/jE I NOTE -----AMOUNT=--- --BALANCE 5611-56180 RENTAL BEGINNING BALANCE 21,803.98 6/14/18 6/14 A17321 CHK: 097117 01165 COPIER RENTAL 003509 104366 199.70 22,003.68 6/18/18 6/18 A17524 CHM: 097180 01219 RENT - JULY 003231 061118 JUL18 2,250.00 24,253,68 JUNE ACTIVITY DB: 2,449,70 CR: 0.00 2,449.70 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 13,674.07 6/20/18 6/20 A17812 DFT: 000606 01301 TEDC MID-YR REG-GREI 000912 8277 JUN18 GREINER 350,00 14,024.07 6/20/18 6/20 A17812 DFT: 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 20.05 14,044.12 6/20/18 6/20 A17812 OFT: 000606 01301 ICSC MONORAIL 000912 8277 JUN18 GREINER 58,00 14,102.12 6/20/18 6/20 A17812 DFT: 000606 01301 ICSC MEAL-RKG M-5 000912 8277 JUN18 GREINER 397.69 14,499.81 6/20/18 6/20 A17812 OCT: 000606 01301 ICSC-MEAL-WEDC TM-4 000912 8277 JUN18 GREINER 80.90 14,580.71 6/20/18 6/20 A17812 OFT 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 21.11 14,601.82 6/20/18 6/20 A17812 DFT: 000606 01301 ICSC MEAL-WEDC TM-2 000912 8277 JUN18 GREINER 50.47 14,652.29 6/20/18 6/20 A17812 OFT: 000606 01301 ICSC-COFFEE-GREINER 000912 8277 JUN18 GREINER 4.00 14,656.29 6/20/18 6/20 A17812 DFT: 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 35.03 14,691.32 6/20/18 6/20 A17812 DFT: 000606 01301 ICSC TAXI-GREINER 000912 8277 JUN18 GREINER 14.29 14,705.61 6/20/18 6/20 A17812 OFT: 000606 01301 ICSC MEAL-WEDC TM-3 000912 8277 JUN18 GREINER 60.21 14,765.82 6/20/18 6/20 A17812 DFT: 000606 01301 ICSC-TAXI-GREINER 000912 8277 JUN18 GREINER 19.40 14,785.22 6/20/18 6/20 A17812 DFT: 000606 01301 WEDC BRE- 2 000912 8277 JUN18 GREINER 24.96 11,810.18 6/20/18 6/20 A17855 DFT: 000606 01306 AIR-SATTER-HOU-INVEN 000912 8277 JUN18 WYGANT 287.96 15,098,14 6/20/18 6/20 A17855 DFT: 000606 01306 HOTEL-BROKAW 000912 8277 JUN18 WYGANT 285,72 15,383.86 6/20/18 6/20 A17855 DET: 000606 01306 HOTEL-GREINER 000912 8277 JUN18 WYGANT 693.42 16,277.28 6/20/18 6/20 A17855 OFT: 000606 01306 HOTEL-BROKAW 000912 8277 JUN18 WYGANT 573.69 16,850.97 6/20/18 6/20 A17855 DFT: 000606 01306 HOTEL-OLLIE 000912 8277 JUN18 WYGANT 573.69 17,424.66 6/20/18 6/20 A17855 OCT: 000606 01306 HOTEL-HOGUE 000912 8277 JUN18 WYGANT 167.80 17,592.46 6/20/18 6/20 A17855 DFT: 000606 01306 HOTEL-GREINER 000912 8277 JUN18 WYGANT 34.01CR 17,556.45 6/20/18 6/20 A17846 OCT: 000606 01305 BUS MTG- RP REAL 000912 8277 JUN18 SATTER 22.52 17,560.97 6/20/18 6/20 A17846 DFT: 000606 01305 SATTER-AIR-KANS CTY 000912 8277 JUN18 SATTER 249.96 17,830,93 6/20/18 6/20 A17846 OCT: 000606 01305 MANSON-AIR-MANS CTY 000912 8277 JUN18 SATTER 249,96 13,080.89 6/20/18 6/20 A17846 OFT: 000606 01305 BUS MTG-CBRE3 000912 8277 JUN18 SATTER 42.25 16,123.14 6/20/18 6/20 A17846 DFT: 000606 01305 BUS MTG-SAVAGE 3 000912 8277 JUN18 SATTER 55.22 18,178.36 6/20/18 6/20 A17846 OFT 000606 01305 SATTERWHITE-TAXI 000912 8277 JUN18 SATTER 57.28 18,235.64 6/20/18 6/20 A17646 DET: 000606 01305 SATTER-MANSON WTR 000912 8277 JUN18 SATTER 9.62 13,245.26 6/20/18 6/20 A17846 OFT: 000606 01305 SATT-MANS- MEAL 000912 8277 JUN18 SATTER 36.30 18,281.56 JUNE ACTIVITY DB: 4,641.50 CR: 34.01CR 4,607.49 5611-56220 PROFESSIONAL TRAINING BEGINNING BALANCE 0.00 7-1.1.-2018 5:20 PM DETAIL LISTING PAGE: 4 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 ' POST DATE 'MAN # REFERENCE PACKET DESCRIPTION------- VEND INV/JE # NOTE AMOUNT -- ----BALANCE -_ 5611-56250 DUES & SUBSCRIPTIONS BEGINNING BALANCE 20,542.24 6/20/18 6/20 A17855 DET: 000606 01306 IEDC MEMBERSHIP 000912 8277 JUN18 WYGANT 420.00 20,962.24 6/20/18 6/20 A17846 ITT: 000606 01305 CLUB CARP DUES 000912 8277 JUN18 SATTER 710.67 21,672.91 DUNE ACTIVITY DB: 1,130,67 CR: 0.00 1,130.67 5611-56310 INSURANCE BEGINNING BALANCE 2,772.47 5611-56510 AUDIT & LEGAL SERVICES BEGINNING BALANCE 27,231.73 5611-56570 ENGINEERING/ARCHITECTURAL BEGINNING BALANCE 2,700.00 5611-56610 UTILITIES-ELECTRIC BEGINNING BALANCE 2,322.46 5611-57110 DEBT SERVICE BEGINNING BALANCE 0.00 5611-57410 PRINCIPAL PAYMENT BEGINNING BALANCE 423,100.44 6/01/18 6/05 1361298 Rnk Oft 060118 17299 JE28918 K&M PMT #33 JE# 028918 8,291.79 431,392.23 6/08/18 6/11 B61391 Bnk Oft 06081.8 17323 JE28960 PEDDICORD/WHITE PMT#42 JE# 028960 5,601.80 436,994.03 6/15/18 6/18 061.451. Bnk Dft 061518 17354 1E29001. 1613 PKWY PMT #46 JE# 029001 12,254,44 449,248.47 6/21/18 6/25 B61552 Bnk Dft 062118 17376 JE29030 JARRARD PROP #18 JE# 029030 2,114.51 451,362.98 6/21/18 6/25 B61553 Bnk Dft 062118 17376 JE29031 EDGE PMT #24 JE# 029031 15,673.62 467,036.60 6/22/1.8 7/11 B61737 17445 JE29130 BUCHANAN PMT #46 JE# 029130 6,994.96 474,031.56 -:, JUNE ACTIVITY DR: 50,931.12 CR: 0.00 50,931,12 5611-57415 INTEREST EXPENSE BEGINNING BALANCE. 106,859.32 6/01/18 6/05 B61298 Bnk Dft 060118 17299 JE28918 K&M PMT #33 JE# 028918 453.46 107,312.78 6/08/19 6/11 B61391 Bnk Dft 060818 17323 JE28960 PEDDICORD/WHITE PMT#42 JE# 028960 1,780.65 109,093.43 6/15/18 6/18 1361451 Bnk Dft 061518 17354 JE29001 WB PKWY PMT #46 JE# 029001 1,013,49 110,106.92 7-11-2018 5:20 PM DETAIL LISTING PAGE: 5 FUND : 111-WYLIE ECONOMIC BEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018 DEPT : 611 DEVELOPMENT CORTRWEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT-- --BALANCER- 6/21/18 6/25 B61551 BIB( DfL 062118 17376 JE29029 DALLAS WHIRLPOOL PMT19 JE# 029029 6,888.89 116,995.81 6/21/18 6/25 B61552 &Ric EBEL 062118 17376 3E29030 JARRARD PROP #18 JE# 029030 994.64 117,990.45 6/21/18 6/25 B61553 Dnk Dft 062118 17376 JE29031 EDGE PMT #24 JE# 029031 1,386.19 119,376.64 6/22/18 7/11 B61737 17445 JE29130 BUCHANAN PMT #46 JE# 029130 336.99 119,713.63 12,854.31 CR: 0.00 12,854.31 5611-57710 BAD DEBT EXPENSE BEGINNING BALANCE 0.00 5611-58110 LAND-PURCHASE PRICE BEGINNING BALANCE 573,844.35 5611-58120 DEVELOPMENT FEES BEGINNING BALANCE 0.00 5611-58150 LAND-BETTERMENTS BEGINNING BALANCE 0.00 5611-58210 STREETS ALLEYS BEGINNING BALANCE 0.00 5611-58410 SANITARY SEWER BEGINNING BALANCE 0.00 5611-58810 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 0.00 5611-58830 FURNITURE & FIXTURES BEGINNING BALANCE 0.00 5611-58910 BUILDINGS BEGINNING BALANCE 0.00 7-11-2018 5:20 PM DETAIL LISTING PAGE: 6 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jun-2018 THRU Jun-2018 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET---------DESCRIPTION== - -- VEND INV/JE # NOTE ------.AMOUNT---- -----BALANCE==-= 000 ERRORS IN THIS REPORT! - - - ** REPORT TOTALS "" --- DEBITS --- --- CREDITS --- BEGINNING BALANCES: 1,995,069.03 0.00 REPORTED ACTIVITY: 140,782.36 84.01CR ENDING, BALANCES: 2,135,851.39 34,01CR TOTAL FUND ENDING BALANCE: 2,135,817.38 ` 7-11-2018 5.20em oEruzL LzuTzmG cuon, 7 SELECTION CRITERIA ------------------------------------------------------------------------------------------------------------------------------------ rrnc^x YEAR: u"t-2017 / Sep-,om FUND: '"=mm°. 111 PERIOD TO USE: ^v"-2018 ruuv ;u"-zozo rRANumcrznmn. acra -___-__-_-___-___--____-__-____~_-____~---~_--_--~__--_~~_-~--__-~~~_-_-_--____~__-=_____~~-__--_-____~-__=___ ^convmr oococrzom urCovm, n^wno. 5611-52010 ,xpo 5611 5np1n noruuremoT RANGE: zumv - ^crzvo romox ONLY. NO Acrz,o acoonwr ONLY. NO zmCLouo vovrnICTno ^rCnvmrx. NO nzczr noLooTznw. --------------------------------------------- OPTIONS uorurL OMIT aovnpza WITH no ^crzrzr,. NO ,nrmr owcnmoovwoox. NO p^zmr vumoon m^mu. NO razmr cmn/ucro. NO ,nzmr vovam^^ nwrn, mozou. tic) rozwr wmwzuL, rnr^Lo. ,o, pazmr "pvmu Tor^cs. mo rm^wr. zm"nzcu * nyGo emomx BY: momo ---__==--------_,___=--_--_---------------------------------------------------------------------------------------------------- - owo or mc,vmz ^^^ Wylie Economic Development Corporation Balance Sheet Sub Ledger June 30, 2018 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance June 1, 2018 3,847,456.43 ANBTX-88130976 WOODBRIDGE PKWY (#46 of 80) 8/15/14 13,267.93 451,390.17 12,254.44 1,013.49 2.61 439,135.73 ANBTX-88148481 BUCHANAN(#46 of 60) 8/13/14 7,331.95 107,263.79 6,994.96 336.99 3.77 100,268.83 ANBTX-88149711 PEDDICORD/WHITE(#42 OF 60) 12/12/14 7,382.45 508,756.50 5,601.80 1,780.65 4.20 503,154.70 ANBTX-88158043 K&M/HOBART(#33 of 48) 9/2/15 8,745.25 136,037.78 8,291.79 453.46 4.00 127,745.99 ANBTX-88157334 LINDUFF/EDGE(#33 of 36) 10/21/15 17,059.81 378,769.88 15,673.62 1,386.19 4.25 363,096.26 ANBTX-88158357 DALLAS WHIRLPOOL(#19 of 60) 11/22/16 varies 2,000,000.00 0.00 6,888.89 4.00 2,000,000.00 JARRARD GRAYS AUTO(#18 OF 120) 12/1/16 3,109.15 265,238.31 2,114.51 994.64 4.50 263,123.80 June 30, 2018 $50,931.12 $12,854.31 3,796,525.31 Wylie Economic Development Corporation Inventory Subledger June 30, 2018 Inventory - Land Date of Pur. Address Aoree 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 1.46 929,151 Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 1,229,644 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 Squire Gallagher 3/14/18 Squire-lot 2-4 2.67 6,000 573,844 573,844 Total 26.73 $876,959 50,974 $7,903,775 $7,903,775 *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 May 2018 DATE PAYEE AMOUNT BUSINESS PURPOSE INDIVIDUAL/GROUPS PRESENT 05/08/18 Dickeys 22.52 Bus. Mtg Satterwhite, RP Real Estate 05/08/18 Southwest Airlines 499.92 Bus. Mtg Project 10-6_ 05/11/18 Club Corp 710.67 Dues& Fees n/a 04/06/18 Club Corp 42.25 Bus. Mtg WEDC, CBRE (3) 04/20/18 Club Corp 55.22 Bus. Mtg WEDC, Savage(4) 05/22/18 Chili's 94.33'Ofc. Lunch Staff 05/23/18 Mehari 57.28'Taxi-Proj. 10-6 Project 10-6 05/23/18 Picnic PRE 9.62 Water-2-Proj. 10-6 Project 10-6 05/23/18 Cool River 36.30 Meal-Proj. 10-6 Project 10-6 05/23/18 _Cytracom 177.05 Telephone Service n/a TOTAL 1,705.16 WEDC Assistant Director JPMorgan Chase Expense Report May 2018 DATE VENDOR PURPOSE AMOUNT 5/19/18 Taxi Svc Las Vegas ICSC Taxi -Greiner 20.05 5/20/18 MGM Monorail ICSC- Monorail Transport-Greiner, Hogue 58.00 5/20/18 Banguets ICSC-Greiner-Coffee 4.00 5/20/18 The Court ICSC- Lunch -2 50.47'. 5/20/18 Caesars Mesa Grill ICSC - Bus Meal -WEDC, City of Wylie, McClure(5) 397.69 5/20/18 Vegas Western Cab ICSC -Taxi -Greiner 21.11 5/20/18 Henderson Taxi ICSC -Taxi -WEDC Team 35.03 5/21/18 MGM Grand -Avenue Café ICSC -WEDC Team Meal (4) 80.90 5/22/18 Taxi Svc Las Vegas ICSC -Taxi -Griener 14.29 5/22/18 The Court ICSC - Meal -WEDC Team (3) 60.21 5/23/18 Taxi Svc Las Vegas ICSC -Taxi -Greiner 19.40 5/31/18 TEDC Application Fee 100.00 5/31/18 TEDC Mid-Year Conference Registration -Greiner 350.00 6/1/18 Cotton Patch Café Bus. Mtg-Greiner- DCU 24.96 Total 1,236.11 WEDC Senior Assistant JPMorgan Chase Expense Report May 2018 DATE VENDOR PURPOSE AMOUNT 5/9/18 AT&T Replacement Char er-Satterwhite 39.00 5/9/18 MGM Grand ICSC - Hotel - Brokaw 285.72 5/9/18 MGM Grand ICSC - Hotel -Greiner 893.42 5/9/18 MGM Grand ICSC- Hotel - Brokaw 573.69 5/9/18 MGM Grand ICSC- Hotel -011ie 573.69 5/10/18 USPS Reva-Certified Mail Notification 7.83 5/15/18 Kroger WEDC Board Mtg Meal _ 3.34 5/16/18 Chick Fil A WEDC Board Mtg Meal 69.68. 5/16/18 Southwest Airlines Bus Mtg- Inventrust-Air-Satterwhite 287.96 5/18/18 Shutterfly Photography Mounting 113.64 5/18/18 MGM Grand ICSC - Hotel - Hogue 167.80 5/23/18 MGM Grand ICSC- Hotel -Credit -34.01 6/4/18 IEDC Membership Dues-Satterwhite 420.00 Total 3,401.76 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF JULY 2018 MONTH WEDC WEDC WEDC DIFF % DIFF 1 2016 2017 2018 17 VS 18 17 VS 18 DECEMBER $166,418 $197,808 $184,849 -$12,959 -6.55% JANUARY 163,463 196,347 191,896 -4,452 -2.27% FEBRUARY 260,166 276,698 275,668 -1,030 -0.37% MARCH 167,082 191,648 182,852 -8,795 -4.59% APRIL 154,920 168,844 163,485 -5,359 -3.17% MAY 238,646 244,816 203,707 -41,109 -16.79% JUNE 180,194 191,732 199,412 7,680 4.01% JULY 212,620 223,571 213,977 -9,594 -4.29% AUGUST 268,976 261,573 SEPTEMBER 197,339 210,974 OCTOBER 201,506 195,549 NOVEMBER 270,426 267,816 Sub-Total $2,481,757 $2,627,376 $1,615,846 -$75,618 -4.50% AUDIT ADJ TOTAL $2,481,757 $2,627,376 $1,615,846 -$75,618 -4.50% WEDC SALES TAX ANALYSIS $300,000 _ .... ._ u.. $250,000 - - _- _. $200,000 - - $150,000 _ - $100,000 $50,000 - - jj ] J .j ] II$O w a t o w N Z' CS' L = t 2 7 to Q a 13 E 2 Q 2 2 m E o E O a) (O N Q r U °) ❑ u_ 0 O a) Z ylie ' cono is I evelo s ent Corporation MEMORANDU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Alley Construction DATE: July 13, 2018 Issue Consider and act upon authorizing the WEDC Executive Director to execute a contract for alley improvements generally located east of Ballard Street between Jefferson Street and Brown Street. Analysis The contemplated alley between Jefferson and Brown,just east of Ballard is fully designed with two bids for construction attached for your review. GT Construction came in at $107,155 with Texas Dirt Contractors coming in at$246,775. In reviewing the considerable difference and discussing the same with GT, significant variances between the bids involve mobilization, tree trimming, general conditions, and seed/prep among other totaling $43,000 with the bids still $100,000 apart. GT also does a lot of work in the City of Wylie, familiar with City requirements, and they are here on a weekly basis. The one item not included in the GT bid which will have to be inserted is a 2-year construction bond. GT has been asked to provided that figure prior to the Board meeting which Helmberger Associates(to be providing construction management)estimates to be no more than$5,000. Texas Dirt bond is $8,864. Once a proposal is executed, Helmberger will contact all applicable utilities to initiate relocation (not included in either bid) and the contractor will schedule the project. Recommendation Staff recommends that the WEDC Board of Director's authorize staff to execute a contract with GT Construction in the amount of$107,155 for alley improvements between Jefferson and Brown, just east of Ballard. Attachments GT Construction Texas Dirt Contractors GT CONSTRUCTION, INC. Estimate 7|2ivudui�� - - -- --- - ' ' Lynda DATE ESTIMATE# Wylie, TX75O98 11G0/2017 4466 � Job Site `Wylie Fcom`mic Development Corporation 250S. Hiuhwuy78 Alleyuctvccn Brown and Jefferson �VV`liu,Ts750Y8 ,/\TllN: Sam Satterwhite / __ --__ _ | ^ Project 1 - '---' --- -- ----- -------- -- ^ - i Alley Between � -' --- ----- - ' ' ' - -- - - '- - - -'- ----- - --' - --- l ' DESCRIPTION ' Total1 ,------- ---- --- — - - - ---- ' --- - - - '---- -- ------ -- -- - ' -i 'Installation of proposed Alley Improvementsux per plans - RF0MB8RG[RASSOCIATES 107,155.00 i / INC. ALLEY IMPROVEMENTS ' WY[lP ECONOMIC CORPORATION PAVING � IMPROVEMENTS BETWEEN BROWN ANDJ[FFFR80N CITY OF WY[J[TEX&S. / S]'U'00 K standard construction details gcocuo\ notes paving uotcu#2] ' compuctud suhurudc with additional |" of concrete ' Exclusions W Bid: All utility, gas and meter service relocations, including light /doc1hod poles. No additions or relocation n[fire hydrates. Testing of subgradcmtesting of concrete. . � A('CI-"I3TFD BY- I)A Pk' FRFFERRFI)TlT\,IF FOR SCHEDULING: 1)1,1-',ASF VERIFY ioo-rAGF-(SQ FT,LINEAR FT. FTC ),(SQ, FT, IS ESTIMATE ONLY) 117 EISTIMATE IS ACCEPTED BY CUSTOMER-PLEASE SIGN AND DATE.SCAN&SLND to iiii(((�,,gtcoiisti,uction-iiic.coni FOR OT Construdion. Inc.sliall not be licId liable lor anN such instances ol'oecurances l'or damages underground.including undereround Utilities. I"Aluipmeni and imucrials supplied by(he Comrat,101,are rill-rall(e(I to the extent ol'the man u fiaci tires warranty.OtlicreNclusions: Permit 1ecs and huidsoiphig/,odding are not included unless stated oil this estimate / '| / - / Texas Dirt Contractors P.O.Box 36348 Dallas,Texas 75235 � � 1/30/2018 725 e / address Project Helmberger Associates,Inc. SITE WORK 1525 Bozman Rd Alley Improvements Wylie, TX 75098 Brown & Jefferson USA Wylie, TX Description •ty - ate Total SITE WORK: Between Brown & Jefferson Mobilization 15,000.00 1 15,000.00 Excavate Loose 375CY 375 30.00 11,250.00 Tree Trim/Clear& Grub 3,500.00 3,500.00 Saw, Cut& Demo 12,450.00 12,450.00 525SY Lime: stabilized subgrade 7" depth 13,650.00 13,650.00 Blue Top#1: Before Lime 4,410.00 4,410.00 Blue Top#2: After Lime 4,410.00 4,410.00 Miscellaneous Unclassified Grading 7,500.00 7,500.00 Seed/Prep 6,300.00 6,300.00 Erosion Control 5,850.00 5,850.00 Staking &Layout 4,965.00 I 4,965.00 Clean-up 7,500.00 I 7,500.00 Testing 6,500.00 I 6,500.00 8" 4500psi Concrete w/#3@18" OCEW; 4EA Barrier Free 84,509.00 84,509.00 Ramps Seed/Curlex 4,500.00 4,500.00 Traffic Control 7,500.00 7,500.00 Contingency 14,183.00 14,183.00 General Conditions 17,729.00 17,729.00 Profit& Overhead 6,205.00 6,205.00 Maintinance Bond 8,864.00 8,864.00 Phone # Fax # -mail Total $246,775.00 972-579-0081 972-579-0082 office@texasdirt.biz ylie Econo . P evelop ent Co is oration E ORA DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Principal Reduction DATE: July 18, 2018 Issue Consider and act upon issues surrounding principal reduction payments toward a loan(s) between the WEDC and The American National Bank of Texas. Analysis At the June 12th WEDC Board Meeting staff was given direction to pay off in full the Linduff/Edge and Buchanan Loans. The estimated payoffs at the time were $378,770 and $107,264 respectively. With the Zoning Board of Adjustments variance approved and the FINNELL transaction complete, the Linduff/Edge loan will be paid in full on 7-13-18 in the amount of$363,943. In addition to the above, staff was directed to make a principal reduction payment of$300,000 toward the Peddicord/White loan. As a reminder, the $300,000 payment left the WEDC with approximate net proceeds of$500,000 from the FINNELL transition thus increasing the current claim on cash at the time of$376,000 to $876,000. The Peddicord/White Loan has an approximate payoff of$503,155 with a current rate of 4.2% adjusting to a FHLB 5-year rate +2.5% in December 2019, and annually thereafter through 2024. The current FHLB rate is 3.19%. Staff has received additional information from American National Bank (ANB) since the June 12th meeting which may impact the previous direction given. As staff conveyed the Board's concern regarding lower interest rate loans being paid off and significantly higher rates for potential future debt being contemplated, ANB conceded that it may not be so important to pay off the Buchanan loan which now has an approximate payoff of$100,268 (Buchanan Loan has a fixed interest rate of 3.77% through July 2019). They did however maintain their previous position on FINNELL sale proceeds paid toward project-associated debt for Linduff/Edge since the rate would be adjusting in September 2018. Following payoff of Linduff/Edge, the WEDC has net proceeds from the FINNELL transaction of$896,328. Should certain projects being considered in Executive Session come to fruition, the WEDC—Principal Reduction July 11, 2018 Page 2 of 2 WEDC may need to borrow monies at a non-exempt rate of 6%. An exempt rate of 4% may be available with ANB's attorney still evaluating the project parameters. With favorable fixed rates for Buchanan (3.77%) and Peddicord/White (4.2% through December 2019), along with ANB being less concerned about paying off the Buchanan Loan, staff prefers to reevaluate further principal reduction payments until a more clear direction is achieved on future projects. If agreeable, staff will bring this issue back for Board consideration within the next 60 days. Recommendation Staff recommends that the WEDC Board of Directors delay further principal reduction payments contemplated on June 12, 2018 for approximately 60 days. ylie cono ic I evelopi ent Con oration E ORANDU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: WEDC and W&M Work Order DATE: July 18, 2018 Issue Consider and act upon a work order between the WEDC and W&M Environmental to address environmental issues located at 802 Kirby. Analysis Staff is still awaiting additional information surrounding this issue and anticipates providing a detailed memo to the Board on Monday, July 1 6th. ylie cono ic I evelopment Cor i oration E ORA DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: FY 2018 - 2019 Budget DATE: July 12, 2018 Issue Consider and act upon approval of the FY 2018-2019 WEDC Budget. Analysis In review, staff typically identifies fixed operating expenses, makes reasonable assumptions on costs associated with consultants, details existing incentive commitments, provides a minimum amount of monies for land acquisition, and places the balance of available resources in 'Future Projects' for incentive programs which have yet to be identified. As shown on the attached detailed budget, the WEDC has $4,636,927 in available resources as follows: Beginning Fund Balance $620,887 Sales Tax 2,600,000 Rental Income 112,440 Pad Sale (Highway 78) 1,300,000 Interest Earnings 3 600 Total $4,636,927 As is every year, staff has worked closely with Finance to develop an accurate Beginning Fund Balance being that the WEDC budgets to have those monies available for the following year and bases its expenditures on the same. Along with fixed operating expenses for the balance of the fiscal year, significant expenses as follows are also accounted for within the Beginning Fund Balance: $150,000 in Streets&Alleys,up to $888,000 in principal reduction payments, $225,000 in sales tax reimbursement payments, and $475,000 in incentive payments associated with approved Performance Agreements. A variable within the Beginning Fund Balance is the REVA Performance Agreement which was included in projected expenses for the balance of this fiscal year. Being that the project is in default, and the developer has not contacted the WEDC, staff could remove the$100,000 from the FY 2018 - 2019 Budget July 12, 2018 Page 2 of 4 calculation thus increasing the Beginning Fund Balance to $720,887. Board input is sought on this issue. At the time Sales Tax revenue estimates were calculated in May by staff and Finance, it was estimated that year-end receipts for FY 17 — 18 would be $2.6 mm with flat projections of$2.6 mm for FY 18 — 19. Since the May projections, sales tax has been down 16% over FY 16 — 17 and assuming flat receipts for the remaining 4 months, year-end receipts for FY 17 — 18 will be $2.55 mm. While flat receipts can obviously not be counted on in the current environment, projections are now assuming a slight gain in FY 18 — 19. Staff is still comfortable with the projection of$2.6 mm due to the philosophy that the year over year decline is still impacted by hail storm spending. Since we evaluate sales tax receipts so closely, a budget amendment can always be made to account for further shortfalls in FY 18 — 19. The only material change to rental income is the assumption that the WEDC can rent the DCU property for $2,000 per month with DCU vacating the property in August. The challenge will be to identify a tenant that will be willing to sign a short-term lease. Staff believes however that a 12 — 18-month lease could be signed based upon the remaining remediation that needs to take place and time needed to develop the site. Staff has also budgeted for the sale of the remaining pad on Highway 78. The $1.3 mm identified would represent a sale in the low $20's which would equate to a user that the WEDC may be willing to take less for to get to Wylie. The sale is not required to make budget and is offset on the Expense side with$1.2 mm in principal reduction payments and $100,000 in closing costs. The following provides detail within Expense accounts which include items over and above what is required, addresses a new program, or highlights the need to continue an existing program: Within Personnel Services, salaries reflect a 2.5%increase over FY 17— 18. The Board will have an opportunity to provide input on that figure in Executive Session and further opportunity in August when the Executive Director is fully evaluated. There are no significant changes in Supplies other than a $10,140 budget reduction based upon aerials being updated in FY 2017— 18. Staff is recommending that the Partnership with the Library is continued at$5,000 for materials within the WEDC Small Business Center located in the Smith Public Library. Incentives reflects a budget of$1,319,989. Within this budget, $622,100 is allocated for ongoing WEDC commitments associated with eight projects. Within those eight projects,five projects will conclude in FY 18 — 19 freeing up $345,000 for FY 19 — 20 Budget. The Future Projects line item($697,889)within Incentives represents uncommitted funds within the total budget to be used for incentive programs. Future Projects has been significantly bolstered by estimated net proceeds of±$500,000 from the FINNELL transaction. Special Services includes general consulting services of$50,000 and an additional $65,000 for environmental services. Also included within Special Services is $5,000 for the City Interlocal Agreement (financial services). FY 2018 - 2019 Budget July 12, 2018 Page 3 of 4 While not reflected in this budget, staff will be presenting a case for the hiring of a consultant to study traffic patterns and drainage issues in downtown Wylie created by the development of a mixed-use concept on Jackson Street. In speaking to the City Engineer, a project even close in concept to what has been discussed may require storm sewer improvements. If that is the case it is vital information to have for potential developers with the cost of said improvements potentially placed within a Public Improvement District for financing purposes. If a drainage study is undertaken, the same consultant can study future traffic patterns as well. The City Engineer estimates that a study of this nature may cost $100,000. These monies could be potentially used from the REVA project or reallocated from other areas within the proposed budget. Within Advertising, staff is recommending that the WEDC continue its partnership with the City of Wylie Public Information Office in funding a Regional Marketing Initiative. However, instead of$100,000, $80,000 is being recommended. To date within FY 17— 18, $30,000 has been spent on radio spots and print advertising, the Wide-Awake Wylie Branding initiative, and print advertising in the Dallas Business Journal. Another$10,000 is planned for radio remotes and print advertising promoting the Wylie Rodeo and targeted quality of life pieces. Another $3,000 is budgeted for general photography to be used for multiple WEDC/City advertisements. Within FY 2018 — 2019, the PIO office has recommended $30,000 in line item advertising for Bluegrass, Rodeo, and Quality of Life marketing via print advertising and radio spots. Staff also proposes within the Regional Marketing budget a video for the WEDC/City websites ($25,000) which emphasizes both quality of life and a strong business environment showcasing many of our high- tech businesses such as Lone Star Circuits, Sanden, and Exco. An additional $25,000 within the Regional Marketing Initiative will highlight and promoting distribution opportunities at the KCS property. Should the KCS project make significant strides in terms of site development and a master-planned distribution park is imminent, staff could reallocate additional funds from the Marketing budget and Travel & Training to partner with KCS for further promotion of the site by targeting distribution businesses via trade shows, email marketing campaigns,or print advertising. Ms. Wygant, who heads up the 4Most BRE Business Program recommends that we continue the program next year in the amount of $18,600 and will present her reasoning why at the Board Meeting. Staff is also recommending that $5,000 continue to be dedicated to the Merchants Association in matching dollars to advertise and promote downtown. Within Community Development, a second Regional Brokerage event is proposed to promote Wylie to 30—40 office,retail, and industrial brokers from within the metroplex. In FY 2017— 18, only 10-12 WEDC/City representatives were in attendance making it a much more focused event than previous efforts. In addition, there will be $5,000 budgeted for an Industrial Appreciation event focusing solely on local businesses. Also tying into the BRE Program will be participation in an Education Foundation Fit 4 Business event within which the WEDC will seek out multiple local businesses to participate. Season tickets to sporting events have been removed from the budget as our ticket group disbanded. Other traditional events will be continued with local/regional participation via staff attendance and sponsorships with the Care Center, Wylie Chamber of Commerce, Rotary Club, Education Foundation, Habitat for Humanity, and the Collin College Gala. New additions to the FY 2018 - 2019 Budget July 12, 2018 Page 4 of 4 budget will be sponsorships in a CCIM Clay Shooting event and sponsorship of a Prestonwood MGA event. Within Travel & Training the only change from previous budgets is $10,000 itemized for Wylie/Collin County Days in Austin(travel, lodging,and hosting a reception)and$1,225 for sales tax training classes for staff and Board Members. Club Corp expenses with Dues and Subscription has been reduced by$3,300 reflecting a change from a full membership to a social membership. Staff is unable to justify the full use of facilities and associated costs due to the time commitment involved to do so. A social membership will meet 70% of the need/benefit gained at less than 50% of the cost. Within Debt Service the Board will note that Linduff/Edge was paid in full as of 7/13/18. Also within Debt Service is$1.2 mm in principal reduction payments which would not be made without the sale of the remaining 78 pad site ($100,000 is also identified in Land for closing costs associated with the potential transaction). The figure is arrived at being that a $1.3 mm revenue figure is identified and should that transaction not take place the budget will not be short in other area because of unequal revenues and expenses. Land is recommended at $200,000 which would generally be earmarked as earnest money for financed properties. Should properties currently being considered within Executive Session not be pursued, staff has no other sites identified for these monies. $100,000 for title policy and commissions represent closing costs for a$1.3 mm transaction. Finally, Streets & Alleys is budgeted at $300,000. $150,000 would be earmarked for alley improvements west of Jackson between Oak and Marble with an additional $150,000 for a water line project looping the system from Cooper drive north on 544 to a point generally fronting the 544 Gateway Project. In summary, the WEDC Budget can be very reactive to a change in direction from the Board/Council should a significant project present itself. For example, should a data center identify the Brookshire's property as an ideal location, it is reasonable that the WEDC would be asked to participate and for arguments sake the number could be$1 mm. Under this scenario, staff could utilize future projects monies within incentives and reprioritize spending outside of personnel and debt service to generate the necessary funding. Recommendation Staff has no recommendation at this time and is seeking Board input. Attachments FY 2018 - 2019 WEDC Budget Wylie Economic Development Corporation FY 2018-2019 Budget msVswusS 2017a018 2018-2019 Unreserved Beginning Fund Balance(10-V1) $40e.807 e20.887 40210 Sales Tax 2.831.47* 2.600.000 *6210 Allocated Interest Earnings 3.000 3,600 Dairy Queen 11.e58 o Sale o[vvsoC Pad Site 1.502.820 1.300.000 48110 Rental Income Steel Rd 6,000 6.000 1oam.Birmingham 12.000 12.000 711 Cooper 4.800 4.800 auo Comm'oV1 16.800 17.220 6os Comm'uoo 24.000 24.000 6Ve Comm'u04 12.000 12.420 o10 Industrial Ct 9,600 D 808mi,uy 18.000 24.000 1oo Oak Gt O 1o.nuo . 103.200 112.440 TOTAL REVENUES $4,8ee25e $4,636927 EXPENSES *1100 Personnel Services'Direct Comp. 51110 salaries'Executive Session *284.473 281.590 51140 Longevity Pay 1,30e 1.4e3 Total Direct Comp. 285,782 293,043 51200 Peosonne|oemicem-otherComp. 51210 Car Allowance 12.600 12.e00 51220 Phone Allowance 4.e56 4.65e 51300 Personnel Services'Retirement(TMnG) 44.99e. *6.091 62,252 63.347 51400 pwroonno|Semicos-msuronue 51410 Group Hospitalization&Life Ins. 36.671 43.529 51420 Long-Term Disability 1.622 1.e62 51440 p|C* 18.500 18.9e0 51450 Muuiomm 4.327 4.432 51470 Workers Compensation 786 804 51480 Unemployment Compensation'nmC 810 810 Total Insurance e2.71e 70.188 TOTAL PERSONNEL SERVICES 410.750 426.577 SApP.L|so 52010 Office Supplies Maps and Photography 11.640 2,500 Pad Folios 2.000 1.000 Operating Supplies 1.500 1.500 7/12/3018 11:48PWY Wylie Economic Development Corporation FY 2018-2019 Budget Misc. 1,000 1,000 Total Office Supplies 16,140 6,000 52040 Postage and Freight Courier Services(10/yr @$49) 480 490 Postage 250 150 Misc. 250 250 Total Postage&Freight 980 890 52810 Food Supplies Leadership Wylie 400 300 Board Meetings 600 600 ICAN 250 250 Misc. 1,000 1,000 Total Food Supplies 2,250 2,150 54990 Other WEDC Small Business Resource Center 5,000 5,000 TOTAL SUPPLIES 24,370 14,040 MATERIALS FOR MAINTENANCE 54810 Computer Hardware and Software(maintenance) 3,000 2,000 CONTRACTUAL SERVICES 56030 Incentives Wdbrdg Ctr-Inland.-Sales Tax Reimbursement 279,000 275,000 B&B Theatre-Sales Tax Reimbursement 25,000 25,000 B&B Theatre Incentive(6 of 6) 25,000 25,000 CSD-Sales Tax Reimbursement 128,000 175,000 Getset(3 of 3) 10,000 0 EXCO(2 of 5) 20,000 20,000 All State Fire Equipment(3 of 3) 20,000 0 Von Runnen(3 of 3) 10,000 0 KREA-Infrastructure Reimbursement(1 of 1) 100,000 0 KREA-H&M Occupancy Tax Reimbursement 63,000 0 Patna Properties(2 of 2) 10,000 0 McClure Partners 50,000 0 REVA 100,000 0 REVA-H&M Occupancy Tax Reimbursement 26,250 0 Trout 15,000 0 SAF 45,000 45,000 Metalbilia 4,800 0 Dank(1 &2 of 4) 0 37,100 Hooper-Woodbridge(1 of 1) 0 20,000 7/12/2018 11:48 PM Wylie Economic Development Corporation FY 2018-2019 Budget Future Projects 741,602 697,889 Total Incentives 1,672,652 1,319,989 56040 Special Services Claritas(4 demographic studies) 300 0 Janitorial Services 1,900 1,900 Mowing 7,000 7,000 Leasehold Improvements 5,000 5,000 Traffic Counts 3,000 5,000 Consulting Services 50,000 50,000 Whitehead&Mueller 50,000 65,000 Misc. 10,000 10,000 Transfer to GF-Interlocal Agreement 5,000 5,000 Total Special Services 132,200 148,900 56080 Advertising Chamber Directory 1,500 1,500 Pirate/Wylie East Football 1,200 1,200 Chamber Banner Ad 1,500 1,500 Wylie News Newcomers Guide 1,555 1,700 The Wylie News-misc. 500 1,000 Downtown Promotion 5,000 5,000 Promotional Materials 3,000 3,000 Regional Marketing Initiative 100,000 80,000 Woodbridge Scorecard 1,500 1,500 Website Maintenance 7,000 7,000 4Most Business Program(12) 18,600 18,600 Misc. 5,000 5,000 Total Advertising 146,355 127,000 56090 Community Development Christian Care Golf Tnmt/Sponsorship 2,000 2,000 Wylie Chamber of Commerce: Championship Rodeo 1,500 1,500 Banquet 1,500 1,500 Misc. 1,000 1,000 Rotary Club 1,000 1,000 Boots&Barbecue 1,500 1,500 Taste of Wylie 2,000 2,000 Regional Broker Event 10,000 14,000 Industrial Appreciation Event 5,000 5,000 Sporting Events 10,000 0 Flag Program 3,000 3,000 FFA Sale-Sponsorship 1,000 3,000 Merchants Assoc.-Downtown Events 500 500 7/12/2018 11:48 PM Wylie Economic Development Corporation FY 2018-2019 Budget Habitat Golf 500 500 Collin College Gala 2,500 2,500 Collin County Prayer Breakfast 600 600 Coventry Golf Tournament 1,000 1,000 Education Foundation Fit 4 Business Event 5,250 3,000 4Most Events-materials 2,500 1,500 MGA Sponsor 0 2,000 CCIM Sponsor 0 1,500 General Funds 5,000 5,000 Total Community Dev. 57,350 53,600 56110 Communications Internet 2,400 2,600 Cell Phone Equipment 500 500 Office Lines 2,268 2,160 Microsoft Exchange 600 600 Sales Force Licence 2,800 2,400 Tablet Service 1,368 1,368 Total Communications 9,936 9,628 56180 Rental Expense 250 S.Hwy 78($2,250 @ 12 mo.) 27,000 27,000 Copier Service Agreement 2,328 2,328 Total Rental 29,328 29,328 56210 Travel,Training,and Recruitment TEDC Conference Registration 1,200 1,200 Travel 750 750 Lodging 1,000 1,000 Meals 250 250 TEDC Winter Annual-registration 1,200 800 Travel 750 500 Lodging 1,000 750 Meals 250 250 TEDC Mid-Year Annual-registration 1,200 800 Travel 750 500 Lodging 1,000 750 Meals 250 250 TEDC Board Retreat 1,200 1,200 ICSC-Nat'! Registration 3,600 3,600 7/12/2018 11:48 PM Wylie Economic Development Corporation FY 2018-2019 Budget Airfare 3,600 3,000 Lodging 6,000 6,300 Meals 2,400 2,400 ICSC-Texas Registration 500 500 Airfare 0 0 Lodging 0 0 Meals 400 400 Wylie/Collin County Days 0 10,000 Training-Assistant 0 500 Training-Director 0 500 Training-Assistant Director(3) 5,550 6,000 Sales Tax Training(3) 0 1,225 Prospect Recruitment 10,000 10,000 Total Travel, Train. &Recruit. 42,850 53,425 56250 Dues&Subscriptions TEDC(2) 1,000 1,000 Rotary(2) 1,458 1,500 Wylie Chamber of Commerce 1,500 1,500 Wylie Merchant Association 75 100 Woodbridge Golf Club 3,550 3,550 ICSC(8) 400 400 Notary Public 0 0 Dallas Business Journal 105 0 Club Corp 7,800 3,500 DFW Marketing Team 2,500 2,500 Impact Data Source 4,500 4,750 Xcelligent 5,400 10,000 Misc. 500 500 Total Dues 29,598 30,110 56310 Insurance General Liability&Loss Casualty 3,500 2,800 Bond 310 310 Total Insurance 3,810 3,110 56510 Audit and Legal Services Audit 3,000 3,000 Legal 30,000 30,000 Total Audit&Legal Services 33,000 33,000 56570 Engineering-Architect Surveying 10,000 10,000 7/12/2018 11:48 PM Wylie Economic Development Corporation FY 2018-2019 Budget Engineering 20,000 20,000 Total Engineering-Architect 30,000 30,000 56610 Utilities Electricity&Water 2,400 2,400 TOTAL CONTRACTUAL SERVICES 2,189,479 1,840,490 DEBT SERVICE&CAP.REPL 57110 Debt Service Randack/Hughes 20,214 0 ANB-Peddicord/White 88,589 88,589 ANB-Buchanan 87,983 80,651 ANB-K&M/Hobart 104,943 104,943 Linduff/Edge 204,718 0 Kirby-Dallas Whirlpool 144,174 81,111 Woodbridge Parkway 159,215 159,215 Jarrard 37,310 37,310 Principal Reduction 1,200,000 1,200,000 Total Debt Service 2,047,146 1,751,819 CAPITAL OUTLAY 58110 Land Acquisition 150,000 200,000 Title Policy 8,952 9,000 Commissions 72,272 91,000 58210 Streets&Alleys Downtown Alley 0 150,000 544 Water Line 0 150,000 58810 Computer Hardware&Software 1,000 1,000 58830 Furniture&Fixtures 1,000 1,000 TOTAL CAPITAL OUTLAY 233,224 602,000 TOTAL EXPENSES $4,907,969 $4,636,927 7/12/2018 11:48 PM ylie Econo ic I evelop ent Cor i oration ME ORANDU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Election of WEDC Officers DATE: July 18, 2018 Issue Consider and act upon issues surrounding the Election of WEDC Officers. Analysis The Wylie City Council recently reappointed Mr. John Yeager and Mr. Demond Dawkins to a three-year term as a Member of the Wylie Economic Development Corporation Board of Directors. They have been sworn in by the City Secretary's office. On an annual basis and following the selection of WEDC Board Members by the Wylie City Council, the WEDC elects officers for the upcoming year. Provided for your review is Section V- Officers of the WEDC By-laws. Section V provides for the selection of officers and the duties of the same. In 2017 the WEDC Board of Directors elected the current officers: Marvin Fuller President Todd Wintters Vice President John Yeager Secretary Demond Dawkins Treasurer Bryan Brokaw Board Member Recommendation Staff recommends that the WEDC Board of Directors elect officers for the upcoming year. Attachment WEDC By-laws, Section V 4.14 Board's Relationship with Administrative 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 department's budget for the costs of such services so provided. SECTION V OFFICERS 501 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 Secretary 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. electi n 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 Amended 5/25/99 5.04 ' sident 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 Amended 5/25/99 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 z'stmt 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. 5A 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. to Amended 5/25/99 ylie Econo ic I evelop ent Corporation E ORA DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Regular Meeting Date/Time DATE: July 18, 2018 Issue Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2018-2019. Analysis Section 4.07 of the WEDC By-laws states that the President of the Board shall set a regular meeting date and time at the beginning of his/her term. Currently WEDC Board Meetings are set for the third Wednesday of each month at 6:30 a.m. With officers elected via the last Action Item, the WEDC President is required to establish the Regular Meeting date/time. Recommendation Staff recommends that the WEDC President establish a regular meeting date and time for 2018- 2019. Attachment WEDC By-laws, Section 4.07 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. 6 Amended 5/25/99 ylie cono ic evelop ent Corporation E ORA DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Direct() SUBJECT: DANK Real Estate, Ltd. Performance Agreement DATE: July 18, 2018 Issue Consider and act upon a First Amendment to Performance Agreement between the WEDC and DANK Real Estate, Ltd. Analysis The WEDC entered into a Performance Agreement(as attached)with DANK on October 25,2017. The project features a 10,140 square foot expansion and the creation of at least eight additional full-time employees. This expansion will bring DANK's overall building footprint to 20,577 square feet and a total of 33 full-time employees. As a reminder, the property is located at 216 Windco Circle with DANK moving to Wylie in 2011. This is the second expansion at this location in seven years with all DANK Houston operations being consolidated to the Wylie headquarters. As indicated to the Board in a previous meeting, Ms. Hodge planned to begin the project within the first quarter of 2018,but due to an unforeseen family medical issue,the project has just broken ground recently. While it is possible that Ms. Hodge can still meet the initial January 31, 2019 deadline, staff believes that additional time is warranted under the circumstances. To that end and to allow for further delays which may occur during the construction process, staff believes a 6- month extension to meet the performance deadlines is in the best interest of the Project. Current 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. A Eligibility expiration is January 31, 2019. DANK Real Estate, Ltd July 11, 2018 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. A Eligibility expiration is January 31, 2019. A 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. A Eligibility expiration is January 31, 2020. Incentive No. 3 $23,000 A 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. A Eligibility expiration is January 31, 2021. As indicated above and referenced within the First Amendment to Performance Agreement, staff is requesting that the Board consider a six-month extension for DANK to meet all Performance Measures identified within Section II a, b, c, and d of the Performance Agreement. Recommendation Staff recommends that the WEDC Board of Directors approve a First Amendment to a Performance Agreement between DANK Real Estate, Ltd, and the WEDC. Attachments First Amendment to Performance Agreement Performance Agreement(10-25-17) FIRST AMENDMENT TO PERFO' CE AGREEMENT THIS FIRST AMENDMENT TO PERFORMANCE AGREEMENT(this "First Amendment"), is entered into and is effective as of the 18th day of July 2018 by and between the WYLIE ECONOMIC DEVELOPMENT CORPORATION (the "WEDC"), a Texas economic development corporation, and Dank Real Estate,Ltd.,a Texas limited partnership(the"Company"). WITNESSETH: WHEREAS, WEDC Board of Directors approved that certain Performance Agreement between WEDC and Company on October 25, 2017 to facilitate a 10,410-square foot expansion of their current facility(the"Project"); and WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain respects, as more particularly set forth in this First Amendment. NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the beginning start date of the project,the WEDC and Company covenant and agree as follows: 1. Defined Terms. Capitalized terms used but not defined in this First Amendment will have the meanings given to them in the Agreement. 2. Modification to Performance Obligations. Notwithstanding anything to the contrary in the Agreement,the Eligibility Expiration Dates by which the Company must provide receipt of documentation to prove Compliance with the Performance Requirements associated with the project located in Wylie, Texas as defined in Section II(a,b,c&d)are hereby extended six months or until 5:00 p.m. CST, on July 31st of the calendar year referenced within each Section. 3. Ratification. As expressly modified by this First Amendment, the Agreement is hereby ratified and confirmed by WEDC and Company. 4. Countei parts. Transmission. This First Amendment may be executed in multiple counterparts, each of which shall be deemed an original,and all of which shall constitute one and the same agreement. Transmission of an executed signature page of this First Amendment by email will be effective to create a binding agreement. [Signatures appear on next page] IN WITNESS WHEREOF,the parties hereto have executed this First Amendment the day and year first above written. WEDC: Wylie Economic Development Corporation, a Texas Corporation By: Name: Title: CO I'ANY: Dank Real Estate,Ltd., a Texas Limited Partnership By: Name: Title: 3 PEIRFO ' 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"). CITALS 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 WHEREAS, 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, THEREFORE, 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. Ecoliontic 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 Page 1 of 6 WABoard12017\10-25-17\Dank.Real Estate-Performance Agreement doe 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 Pevelopment 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 Page 2 of 6 W\Board\2017\10-25-17\Danlc Real Estate-Performance Agreement doc 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. Page 3 of 6 W:1Board\20 17\10-25-17\Dank Real Estate-Performance Agreement doe 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. Page 4 of 6 W.113oard\2017\10-25-17Wank Real Estate-Performance Agreement.doc 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_ . 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. Page 5 of 6 w Board\201711 0-25-17\Dank Real 1,state-Performance Agreement doc 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 CO 'ANY 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. ..-4----- EXECUTED this . day of October 2017. WEDC: Wylie Economic Development Corporation By Samuel D.R. Satterwhite, Executive Director COMPANY: ----;--7. DANK e ,-Estate Ltd, • ,-./ ( Bo ra Hodge, President Page 6 of 6 WATIoard\2017\1 0-25-17\Dank Real Estate-Performance Agreement.doc ylie .Econo P evelop ent Corporation E ORANDU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Taylor and Son Properties, LLC DATE: July 12, 2018 Issue Consider and act upon a Performance Agreement between the WEDC and Taylor and Son Properties, LLC. Analysis As reported at the May 16th Board Meeting, staff approached Taylor & Son to encourage the maximum amount of parking spaces be developed at the 1,290 square foot remodel taking place by Taylor at their new 107 Jackson Street acquisition. Staff was able to confirm that with WEDC assistance, Taylor will provide seven parking spaces behind the building. After seeking the Board's authorization, at the and June 8th Board Meeting staff has prepared a Performance Agreement. The attached agreement provides a $3,200 incentive for infrastructure assistance to Taylor and Son Properties, LLC. Performance Measures are identified as follows: A. Proof of Certificate of Occupancy for a 1,290-square foot office building issued by the City of Wylie by November 1, 2018; and A Minimum project cost of$75,000; and A Minimum qualified infrastructure cost of$6,400; and A Construction of a minimum of seven parking spaces; and A Ad valorem property taxes current. A Eligibility expiration is November 30, 2018. Recommendation Staff recommends that the WEDC Board of Directors authorize the Executive Director to enter into a Performance Agreement with Taylor and Son Properties, LLC to provide $3,200 in reimbursements for qualified infrastructure assistance. Attachments Performance Agreement PERFORMANCE AGREEMENT Between WYLIE ECONOMIC DEVELOPMENT CORPO ' TION And Taylor and Son Properties,LLC 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 Taylor and Son Properties, LLC, a Texas limited liability company (the "Company"). RECITALS WHEREAS, the Company is desirous of making real property improvements in the form of renovating a 1,290 square foot office building (the "Project"). The project will have an estimated project cost of Seventy-Five Thousand Dollars ($75,000) and is located at 107 Jackson Street in Wylie, Texas (the "Facility"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to facilitate the renovation of the Facility and the related qualified Infrastructure improvements by providing cost reimbursement for the proposed improvements (the "Improvements"); 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, 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, THEREFORE, 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 the Company economic assistance in an amount up to, but not to exceed Three Thousand Two Hundred Dollars ($3,200.00) (the "Economic Development Incentives"). The Economic Incentives will be paid per the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on November 30, 2018. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentive: Page 1 of 5 518822-1 Economic Development Incentive Payment Schedule: Expected Cost of WEDC Cumulative Eligibility Year Incentive Improvements Incentive Incentive Expiration 2018 No. 1 $75,000 $3,200 $3,200 11/30/18 II. Requirements for Reimbursement Incentive. a. Incentive No. 1: An Economic Development Incentive of Three Thousand Two Hundred Dollars ($3,200.00) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1: 1) Receipt of documentation by WEDC of a Certificate of Occupancy for no less than a one thousand two hundred ninety (1,290) square foot office building located at 107 Jackson Street, issued by the City of Wylie by November 1, 2018, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of documentation by WEDC supporting a minimum project cost of Seventy-Five Thousand Dollars ($75,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 3) Receipt of documentation by WEDC supporting a minimum cost of Six Thousand Four Hundred Dollars ($6,400) for the construction of Qualified Infrastructure (a minimum of seven paved parking spaces, more specifically improvements made to expand and enhance parking infrastructure required to support the Facility); 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 written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 5) Eligibility expiration for the Company to qualify for this Incentive No. 1 is November 30, 2018. III. WEDC Payment of Reimbursement Incentives. Supporting documents must be submitted to the WEDC not more than thirty (30) days from the eligibility expiration. Subject to the terms of this Agreement, the WEDC shall pay the Reimbursement Incentives within five (5) business days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met by the Company. Page 2 of 5 WABoard\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc 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, 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 a portion or all of the Reimbursement Incentive will expire in full on November 30, 2018. 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 satisfy its need for all additional employees from Wylie residents and purchase all materials, supplies and services necessary to affect the renovations and subsequent occupancy of the leased office space 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 City of Wylie 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. IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to disburse WEDC Economic Incentives if the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged bankrupt, 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: the Company becomes insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay ad valorem taxes, any event of bankruptcy, or files suit against the City and/or the WEDC. Page 3 of 5 W\Board\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc 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. 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 Hwy 78 Wylie, Texas 75098 COMPANY: Taylor and Son Properties, LLC. Attn: Sam Taylor, Member 109 Jackson St. Wylie, TX 75098 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 July 2018. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Samuel D. R. Satterwhite, Executive Director Page 4 of 5 W:\Board\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc COMPANY: Taylor and Son Properties, LLC, a Texas limited liability company By: Sam Taylor, Member Page 5 of 5 W:\Board\2018\7-18-18\Taylor and Son Properties,LLC-Performance Agreement.doc ylie cono ic I evelo • ent Corporation E ORANDU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Staff Report DATE: July 9, 2018 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Environmental Activity Summary, REVA Hospitality, Sanden/Hensley roadway improvements, Aerials, KCS Strategic Partners Conference, WEDC website, public information request, active project summary, 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 desire that an issue be placed on the agenda at any time prior to a Board meeting, WEDC President or staff can be contacted, or a request can be made during the Discussion Item below. WEDC Performance Agreement Summary Attached for the Board's review is a summary of all outstanding Performance Agreements including: B&B Theatres Operating Company, Clark Street Development, Cross Development, DANK Real Estate, DCU, Exco Extrusion Dies, Hooper-Woodbridge, MIKTEN, REVA Hospitality, SAF Holland, SCSD-Finnell, and Woodbridge Crossing. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through June 2018 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. $5,075,964.32 in reimbursements has been earned through June 2018 with net receipts of $4,357,541.43 after reimbursements. As well, it is estimated that $4.7 mm has been paid in ad valorem taxes to the City of Wylie (excluding the WISD) for a total of$8.7 mm in tax revenue, WEDC- Staff Report July 9, 2018 Page 2 of 4 net of reimbursements, since October 2009. As shown on the Sales Tax Reimbursement Report, $107,566.59 was generated in sales tax in April 2018 versus $98,965.28 in April 2017. This represents an 8.69% increase over 2017 receipts. It is estimated that the City of Wylie and WEDC financial obligations to the Woodbridge Crossing project will conclude within the Second Quarter of 2019. The impact to the WEDC budget will be a decrease in expenses of approximately$500,000 to the City and $250,000 to the WEDC. Woodbridge Centre Within the Kroger-anchored center, $13,894.87 in sales tax was generated in April 2018 with $3,473.72 subject to reimbursement. April 2018 sales represents a 28% increase over the same period in 2017. Clark Street has reported that construction of the Pet Supply Plus and Credit Union of Texas are slightly behind but progressing. Also, the developer has reported that most tenants have renewed recently and there is an LOT being negotiated for the last remaining lease space fronting Woodbridge Parkway. Environmental Activity Summary Attached for the Board's review is a spreadsheet tracking all active remediation projects with W&M Environmental. Previous reports detailed all projects with W&M dating back to February 2015. While staff will maintain these records so as to provide a clear understanding of what it took to remediate multiple projects over the years, the Board will only be provided with updates on active projects from this point forward. REVA Hospitality REVA failed to obtain a Certificate of Occupancy by June 30, 2018 as required under the Performance Agreement. On July 9, 2018, a notice of default and termination of the Performance Agreement was sent Certified Mail, Return Receipt Requested. No response from REVA has been received to date. Sanden/Hensley Roadway Improvements As staff works with the contractor for alley improvements east of Ballard Street, they will also be asked to quote maintenance to the brick paver entrance at Sanden&Hensley which is significantly failing adjacent to the curbs. While this is a public street and technically a City responsibility,the need for repair is extremely low on the City priority list. Further, Premier Business Park was originally a WEDC project and staff believes we need to continue to protect the investment by existing businesses and potential businesses looking at the vacant 3-acre lot at Sanden and Hensley. Aerials Mr. Greiner has been working for several months to updated WEDC aerial photography/maps and should deliver a final draft to Flyer View (previously Aerial Focus) on or about July 20th. A final product will be delivered to the WEDC on or about August 3rd. WEDC- Staff Report July 9, 2018 Page 3 of 4 KCS Strategic Partners Con erence Mr. Greiner and myself have been invited to attend the Kansas City Southern Strategic Partners Conference in Kansas City September 18th — 19th. The KCS Industrial Development Manager believed this would be a good opportunity for WEDC staff to learn more about KCS, the rail outlook for 2018—2019, and network with the KCS Intermodal Sales Team. With over 225 individuals registered for the conference, staff will also have the opportunity to meet with other municipalities, State/local economic development agencies, and logistics consultants. An agenda for the Conference is attached for your review. WEDC Website As an FYI and as reported to Council recently, Staff continues to work toward completing the WEDC website which has been down for some time. Several months ago, Mr. Greiner completed the basic structure of the site and drafted copy for all the pages. My review of the copy has been significantly delayed but is absolutely a priority at this time. Based upon my final review being completed the week of July 16th, Mr. Greiner believes we can go live on the site by August 10th. Public Information Request Again, as an FYI, the WEDC has spent significant resources recently on public information requests pertaining to all activities surrounding the redevelopment of the 5-acre site at Cooper and State Highway 78 as well as the acquisition of the JarrardlGrey's Auto Electric property on Industrial Court. From June 18 — 29, approximately 45 man-hours were needed to compile over 3,000 original pages and 210 electronic files for the above referenced projects. Included in that time was comparing the hard copy original documents to duplicate electronic files paring down the 3,000 pages to 1,599 pages. The final task which will be accomplished the week of July 16th will be to go through every email pertaining to the above request. Active Project Summary So that the Board will have a summary of WEDC active projects staff that may not be at a point to present in Executive Session, staff will be providing an active project summary each month as follows: New Projects (past 45 days) General office (1) potentially to locate within downtown Wylie Tech/Manuf. relo 30,000 sf, $2.5 mm invest., 35 —60 jobs Office/Warehouse relo 23,000 sf, $2.5 invest., 100+ employees Industrial/flex space large tract under contract, due diligence phase Local Manufacturer Retention project $10 - $20 mm equip/technology upgrade Restaurant Inquiries 2 national full-service, 4 national fast-casual Ongoing Projects WEDC- Staff Report July 9, 2018 Page 4 of 4 Trout Spec Bldg 4,944 sf, CO issued, $490,000 invest., M&W Custom Cabinets leased 100% of facility Sargent Spec Bldg 11,940 sf, $1.2 mm invest., App for CO at City DCU 11,200 sf, $1.2 mm invest., App for CO at City Deanan 10,140 sf, 1.1 mm invest., 8 new jobs, under const. Lanman Medical 5,552 sf, $829,000 invest., under const. Brookshires Bldg Attempting to set meeting with Real Estate Dept. Lost Opportunities Semiconductor Manufacturer 11,875 sf, $2.1 mm invest., construction bids came in and dropped the project in Regency Business Park CrossFit/Gym 10,000 sf, $1.7 mm invest., construction bids came in and dropped the project in Regency Business Park Regional Housing Starts Forty-seven homes were permitted in Wylie for the month of June 2018. Sachse, Murphy and Lavon permitted a combined eighteen with Inspiration permitting thirty-five. No action is requested by staff for this item. Attachments Performance Agreement Summary Environmental Activity Report KCS Conference Agenda Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes B&B Theatres Phase I -CO 56,000 sf, 12 screen theater; 1 documentation of$600,000; documentation of 1 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 Paid 12/31/2018 $25,000 Total Incentive not to B&B Theatres Sales Tax Reimb. Qrtly Sales Tax reimbursement equal to .005 12-18Annually exceed $600,000 Cross Development Purchase and take title to the property by 3/20/18. 3/20/2018 Complete Complete plans and submit for approval; commence construction of multifamily units by 1 8/1/18. 8/1/2018 Complete construction of retail space and at least 3,200 sf of restaurant space and obtain COC by '9/1/20. 9/1/2020 Provide documentation to WEDC evidencing construction costs for Phase One of$32mm by 9/1/20 9/1/2020 $250,000 CSD Woodbridge Phase I -Acquire property for 110,000 sf Kroger by 17/31/2016; 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 Ill -CO for 127,600 sf retail space Sales tax (completed) 3/31/2017 reimburse quarterly Outstanding Performance Agreement Summary Sales tax reimburse (ending earlier of $1.1 mm paid or 10 Cumulative incentive not years from to exceed $1.1 mm. Phase IV-CO for 134,600 sf retail space Start Date Reimbursement (completed) 3/31/2019 (9/15/23). spreadsheet attached. Dank Real Estate-2 11a. Documentation of company's application for CO for a 10,140 sf expansion at 216 Windco Cir.; permit fee receipt for not less than $15,600 (overage to be paid by WEDC), documentation for construction costs of$1,500,000; current on ad valorem taxes;verification of employment of 25 full time employees as of 10/25/17. 1/31/2019 $15,600 lb. CO for a 10,140 sf expansion at 216 Windco Cir. 1/31/2019 $21,500 2. Minimum valuation of$2,100,000 for real and personal property at 216 Windco Cir.; current on ad valorem taxes; ongoing operations of Deanan Popcorn at facility; employment verification of 29 full-time employees. 1/31/2020 $22,900 3. Minimum valuation of$2,100,000 for real and personal property at 216 Windco Cir.; current on ad valorem taxes; ongoing operations of Deanan Popcorn at facility; employment verification of 33 ,full-time employees. 1/31/2021 23,000 Outstanding Performance Agreement Summary DCU,Inc. 1.a. 1. Documentation supporting application to City of Wylie for a CO for a 11,200 sq ft facility located at 2774 Capital; 2. permit fee receipt from City of Wylie for not less than$31,534; 3. documentation supporting construction cost of $700,000; 4. documentation supporting an executed contract of not less than $39,885 to extend a gas line 725 feet to the easternmost property line of lot located at 2774 Capital Street; 5. current on ad valorem taxes. 8/1/2018 $31,534 1.b. 1.Certificate of Occupancy, 11,200 Sq ft $51,324 -- building; 2. receipt of documentation supporting $19,311 paid construction of a gas line at the easternmost to Company; property line at a cost of not less than $39,885; t$32,013 paid 3. letter from Atmos Energy asserting that to Company's improvements installed to Atmos standards and Utility $32,013 paid to gas line available to other customers. 8/1/2018 Contractor installation contractor 2. Minimum valuation of$1,200,000 for real and personal Property; current on ad valorem taxes, continuous operations at 2774 Capital. 8/1/2019 $12,500 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 $12,500 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 Outstanding Performance Agreement Summary 2/24/2018 $20,000 Paid 2/24/2019 $20,000 2/24/20201 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of Forgiveness#1-2-24-17 $70,000 for 5 years. 2017-2021 $350,000 ' Forgiveness#2-2-24-18 ! I Hooper Woodbridge II 1. Building permit for no less than 5,500 sf medical office building; and 6/1/2018. Complete 2. CO for no less than 5,500 sf medical office building; and 2/28/2019j 3. Documentation supporting a minimum project cost of$750,000; and 2/28/2019 4. Documentation supporting a minimum cost of $20,000 for qualified infrastructure (improvements to water, sewer, storm sewer); and 2/28/2019 5. Current on all ad valorem taxes and other !property taxes; and 2/28/2019 $20,000 MIKTEN, Inc. A. Construct a 5,970 sf shell commercial building with a minimum capital investment of$300,000; receipt of Certificate of Completion; current on ad `valorem taxes as of 1/31 of the year after they are assessed. 10/31/20181 $10,000 B. Finish out of 5,970 sf building evidenced by a Certificate of Occupancy and 100% leased as evidenced by signed lease agreements. 10/31/2019 $10,000. REVA Hospitality A. CO for a 4-story, 60,000 sf, 98 room hotel; Default Notice Sent documentation of a $9.2 mm in construction costs. 6/30/2018 $100,000 7/9/18 Outstanding Performance Agreement Summary B. Quarterly incentive payment equal to 50%of Occupancy Tax paid to City of Wylie (start date 6 I°months from CO and ending 6 years from 1st 50%of Occ. Not to exceed $350,000 payment) 12/31/24 Tax Reimb. total incentive SAF Holland A. Tax Incentive: 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 1/31/20191Threshold. 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 (Employee Threshold). One time payment of $1,000/emp $1,000 per new employee added. BPP valuation over 'requirement waived (first year only). 12/31/20171Threshold 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. 12/31/2018 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. 12/31/2019 Threshold total incentive. Outstanding Performance Agreement Summary SCSD-Finnell Obtain a building permit no later than 12/31/18; Commence construction of building no later than 12/31/18; Obtain CO no later than 8/31/19; Complete qualified infrastructure no later than 8/31/19; and provide written notice, accompanied by one or more permanent COs on the building only. 8/31/2019,' $25,000 Provide documentation that company has leased more than 60%of the space within the building to restaurants; Company has completed qualified infrastructure no later than 8/31/19 with a minimum cumulative cost of$75,000; CO on building no later than 8/31/19; and provide written notice, accompanied by one or more permanent COs and leases as describe above. 1/22/2021: $50,000 Woodbridge Crossing Phase I. CO for initial phase including a Super 65%sales tax reimb 2009- Target by 8/1/09. 8/1/2009 i 2013; 85%sales tax reimb No further performance requirements. Default declared reducing maximum incentive from $12 Reimbursement mm to$6 mm. 2021 spreadsheet attached Woodbridge Crossing Sales Tax Reimbursement Report Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99 Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01 Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81 Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81 Jan-10 Mar-10 16,017.96 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 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55 Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13 Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58 Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19 May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01 Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87 Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07 Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31 Aug-10 Oct-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 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05 Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57 Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24 Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23 Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87 Audit Adjust. Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78 Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12 Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54 Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90 Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44 Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88 Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02 May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62 Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87,278.22 0.85 18,546.62 37,093.24 55,639.87 Woodbridge Crossing Sales Tax Reimbursement Report Page 2 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51 Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95 Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69 Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21 Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85 Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 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 34,537.15 51,805.72 Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04 Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40 Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12 Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05 Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53,822.53 Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70 Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85 May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00 Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44 Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29 Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53 Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39 Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22 Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14 Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91 Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47 Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96 Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35 Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59 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 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 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 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 Woodbridge Crossing Sales Tax Reimbursement Report Page 4 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period _ Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement 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 17,008.35 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 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 Woodbridge Crossing Sales Tax Reimbursement Report Page 5 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate((%) Reimbursement Reimbursement Reimbursement 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 57,759.81 28,879.91 28,879.91 115,519.62 0.65 18,771.94 37,543.88 56,315.81 Sep-17 Nov-17 68,437.68 34,218.84 34,218.84 136,875.36 0.65 22,242.25 44,484.49 66,726.74 346,809.86 56,356.60 112,713.20 169,069.81 Oct-17 Dec-17 47,492.90 23,746.45 23,746.45 94,985.80 0.65 15,435.19 30,870.39 46,305.58 Nov-17 Jan-18 69,316.04 34,658.02 34,658.02 138,632.07 0.65 22,527.71 45,055.42 67,583.13 Dec-17 Feb-18 108,901.17 54,450.58 54,450.58 217,802.33 0.65 35,392.88 70,785.76 106,178.64 451,420.20 73,355.78 146,711.57 220,067.35 Jan-18 Mar-18 53,776.06 26,888.03 26,888.03 107,552.12 0.65 17,477.22 34,954.44 52,431.66 Feb-18 Apr-18 51,358.31 25,679.16 25,679.16 102,716.62 0.65 16,691.45 33,382.90 50,074.35 Mar-18 May-18 69,735.56 34,867.78 34,867.78 139,471.11 0.65 22,664.06 45,328.11 67,992.17 349,739.85 56,832.73 113,665.45 170,498.18 Apr-18 Jun-18 53,783.30 26,891.65 26,891.65 107,566.59' 0.65 17,479.57 34,959.14 52,438.71 May-18 Jul-18 0.00 0.00 0.00 0.65 0.00 0.00 0.00 Jun-18 Aug-18 0.00 0.00 0.00 0.65 0.00 0.00 0.00 107,566.59 17,479.57 34,959.14 52,438.71 Totals 9,433,505.75 1,691,988.11 3,383,976.22 5,075,964.32 Note: Anticipated completion date for$6 mm incentive obligation -First Quarter 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 14,512.57i 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 Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74 CSD Woodbridge Centre-Sales Tax Reimbursement Report Sub-Total $100,415.37 $25,103.84 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 $23,442.79 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 $25,288.70 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 $23,908.54 Aug-17 Oct-17 5,692.90 2,846.45 2,846.45 $11,385.79 2,846.45 Sep-17 Nov-17 46,321.69 23,160.85 23,160.85 $92,643.38 $23,160.85 Oct-17 Dec-17 4,662.38 2,331.19 2,331.19 $9,324.76 $2,331.19 Sub-Total $113,353.93 $28,338.48 Nov-18 Jan-18 6,690.47 3,345.23 3,345.23 $13,380.93 3,345.23 Dec-18 Feb-18 46,316.53 23,158.26 23,158.26 $92,633.05 $23,158.26 Jan-18 Mar-18 5,988.51 2,994.26 2,994.26 $11,977.02 $2,994.26 Sub-Total $117,991.00 $29,497.75 Feb-18 Apr-18 6,805.46 3,402.73 3,402.73 $13,610.91 3,402.73 Mar-18 May-18 41,994.46 20,997.23 20,997.23 $83,988.92 $20,997.23 CSD Woodbridge Centre-Sales Tax Reimbursement Report Apr-18 Jun-18 6,947.44 3,473.72 3,473.72 $ 384.87 $3,473.72 Sub-Total $111,494.70 $27,873.68 Total $1,531,250.97 $382,812.74 Active Environmental Program Tracking A B C D E F G Commerce/Kirby 2 Closure Activities Remaining Project Total: 7,549.94 Labor: Frank Clark, Michael Henn,Samuel Lewis,James Maxwell, 1 3 Contract: $8,400 3,705.75 'Antonia Pacholczuk, Clay Snider 4 375.201 2/28/18 Labor: Frank Clark, Clay Snider 5 1,152.00: 3/31/18 'Labor: Clay Snider Other Sub-Contractors(Drillers- plugging wells at 605 Commerce), 6 2,316.99 3/31/18 ;postage/shipping/delivery 7 , 7,549.94 9 Kirby - Former CRI ' i Project Total: 45,185.38 10 Contract$46,700 910.00 11/30/17 Labor: Frank Clark, Michael Henn 11 788.00 12/31/17 Labor: Frank Clark, Clay Snider Labor: Frank Clark, Michael Henn,Joshua Hopper,Samuel Lewis, 12 6,421.80 1/31/18 Trey Nelson, Clay Snider Other Subcontractors: Laboratory,Supplies/Permits, Other 13 14,442.16 1/31/18?, Subcontractors 14 11.16 . 1/31/18 IMiscSupplies 15 659.50 1 1/31/18 Vehicle /Equipment Labor: Frank Clark,Trudy Hasan,Joshua Hopper,Samuel Lewis, Clayl 16 2,005.30 2/28/18 [Snider 17 874.00 , 2/28/181 Laboratory 18 519.50 I 3/31/181 Labor: Trey Nelson, Clay Snider 19 1 1,824.00 4/30/18 iSubsurface Investigation -Labor: Clay Snider Add'I Subsurface Investigation- Labor: Frank Clark,Joshua Hooper, 20 3,815.75 4/30/18 ;Samuel Lewis,James Maxwell,Trey Nelson,Clay Snider 'Subcontractors: Laboratory-$989; Drilling-$6,463; 21 12,385.33 4/30/18 (Supplies/Permits/Regulatory Fees-$103.33; Other-4,830. 22 528.88 4/30/18 Vehicle / Equipment 23 45,185.38 25 Squire Project Total: 3,700.00 26 Phase I Contract$2,500 2,500.00 2/1/18 'Phase I Environmental Assessment Active Environmental Program Tracking A B C D E F G 27 Soil Sampling$1,200 1,200.00 2/9/18 Analysis of Soil Samples 28 3,700.00 1 30 Spent Contracted 31 Total W&M ExpenditL $56,435.32 j$58,800 A summit for KANSAS CITY SOUTHERNS' a Short Line Rail, Port,b Transioad Partners STRATEGIC ra '" IN KANSAS CITY ' SEPTEMBER 18-19, 2018 PARTNERS f CONFERENCE �9t .wsketfba ratrat k Partners Conference,9118-9/19/18 t' Summary Conference Agenda Tuesday,September 18,2018 1 Conference Lacstson 07:15 AM Golfers meet in lobby of CQuIlyandly,flarfivILDennlAwn. Speakers 07:30 AM Van departs for falcmaateS Attendees 09:00 AM Golfers tee off Hotel.r ccorotn o lolroos Golf gating 03:00 PM Golfers picked up from Albppl,j ej.bill_#a Conference Anner 03:30 PM Golfers arrive at t.91tFL f4 b2 .4.4L13V_0_QVYRIP n Table Top Exhibits 05:45 PM Meet in the lobby of the Qortar0 bylutyielinzynam for shuttle to dinner(Shuttle will run Contact Us between locations from 5:45 to 10:00 PM) Downtown KC Parking& 45:00 PM Cocktail hour begins attia. t ;:,iga Acting , (Dress casual) Attractions l 07:00 PM Dinner served 09:45 PM Last shuttle will depart for the hotel Wednesday,September 19,2018 07:30 AM Breakfast vlI r provided by KCS at the±�*r ».�,��?'Y.£�.. 9 ' 20?.. . .m C.. .1"�'t�ion Center, 08:00 AM Welcome-David Eaton,KCS Vice President Sales&Marketing,Carload 08:10 AM KCS Overview-Brian Hancock,KCS Executive Vice President&Chief Marketing Officer 08°40 Aft NAFTA and Mexico Elections update-Pat flttensmeyer,KC:,President&Chief Evecutive Officer and Jose Zozaya,KCSM President,General Manager&Executive Representative ('.. 09:40 AM Freight Economy Outlook for 2018-2014-Keith Prather,President&co-founder of Armada Corporate Intelligence 10:10 AM Break 10:40 AM KCS TechttOlopy Panel-Mike liaarz,(Moderator)SII'POperations Support A CIO,infrrmatton i, Technology Erik Hansen,VP Sales&Marketing Intermodal Lary Hot51(ei ,5 P IT Accrication Development A Buss irs d'ideThgenc.e 1.1,.40�AM Innovative T :'h'nolgy r Cipori Adamwk,VPti rgv.Iradustna,O 4 f°ommerirza8 ifoo catiori ,' 12:10 PM Lunch/Exhibits/Gift distribution Regional Housing Permits Wylie Lavon 10 11 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18 January 28 20 16 18 14 46 9 15 4 January 8 2 4 5 4 6 2 12 2 February 18 9 22 14 20 31 4 36 54 February 7 11 2 5 11 6 5 1 7 March 20 28 18 17 30 31 43 33 61 March 8 3 6 3 17 8 3 0 1 April 23 18 29 38 10 57 41 70 49 April 13 1 12 24 7 11 1 1 17 May 26 18 20 22 26 68 101 45 48 May 8 1 0 9 17 4 4 11 7 June 24 19 13 11 9 57 58 98 47 June 12 9 2 5 12 5 1 7 15 July 133 20 19 18 29 36 34 60 July 11 2 3 1 14 12 1 1 August 24 16 20 19 19 30 25 11 _ August 12 9 6 3 1 5 0 12 September 23 22 15 8 17 24 18 46 September 0 6 7 6 2 7 0 5 October 17 16 28 30 21 32 26 33 October 14 4 2 1 9 5 0 0 November 13 5 14 18 20 33 11 42 November 5 5 3 2 1 2 0 14 December 15 10 16 23 65 38 39 18 December 1 7 1 4 5 6 0 40 TOTAL 264 201 230 236 280 483 409 507 263 TOTAL 99 60 48 68 100 77 17 104 49 Murphy Sachse 10 11 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18 January 14 4 7 26 13 1 12 5 0 January 17 14 8 13 18 14 16 4 15 February 15 3 14 4 5 5 4 2 6 February 10 3 11 8 29 17 31 15 9 March 15 9 6 6 8 1 4 5 4 0 March 11 9 12 1 13 24 31 23 5 April 12 8 10 23 1 3 8 1 0 April 11 8 4 13 17 12 24 15 2 May 5 11 14 7 7 2 2 0 0 I May 13 11 17 1 10 21 6 21 15 9 June 13 6 19 15 6 7 4 0 0 June 11 8 17 14 16 38 25 14 3 July 1 7 7 16 7 22 4 2 8 July 15 7 14 15 30 12 22 17 August 3 4 13 15 16 2 21 0 August 14 5 19 10 29 41 32 8 September 7 4 ' 10 10 3 3 6 0 September 3 12 12 17 23 27 20 3 October 8 3 16 16 4 0 2 0 October 3 8 15 25 18 31 29 10 November 7 3 17 5 5 2 6 0 November 4 6 9 12 27 26 12 6 December 9 8 7 15 4 0 1 1 December 6 7 10 11 39 12 11 2 TOTAL 115 70 149 149 94 33 73 21 6 TOTAL 118 98 148 149 280 260 274 132 43 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tota 15 5 12 10 6 17 13 14 4 13 8 5 11 118 16 10 19 11 9 7 13 40 8 14 13 18 2 164 17 10 12 26 29 18 30 16 17 20 14 19 18 229 18 30 27 29 24 23 35 168 Regional Housing Permits Wylie Pending Developments Inspiration Phase 5A-1 10.32 ac 58 with 3 Estates of Creekside-45 ac. 63 Lots, 3 open space Inspiration Phase 3A-50.08 ac 324 lots Braddock Place, Phase 2 - 185 ac. - 44 Lots Dominion of Pleasant Valley Ph 2 -62.142 Kreymer Estates Phase 1 -36.475 ac. - 110 Lots ac 212 lots Lewis Ranch -53 ac. -216 Lots Railroad Addition, Lot 15R-0.402 ac 2 lots Woodbridge 16-25.083 ac. - 111 Lots Inspiration 3B-1 56.75 ac-205 lot Dominion of Pleasant Valley-361.4 ac. -975 Lots Bozman Farms Phase 5B -21.874 ac 74 lots Covington Estates Ph 1 - 14.308 ac. -44 lots Kreymer East Phase 1 -26.782 ac 86 lots Bozeman Farms-780 lots remaining (145 under cons.) Inspiration Phase 3B-1 56.75 ac 205 lot Alanis Crossing- Phase 1 -29.292 ac-53 Lots New Haven at Wylie-3.126 ac 1 lot Braddock Place, Phase 3-18.322 ac. - 53 Lots, 2 open space Kreymer Estates 4 -27.312 ac 78 lots Wilson Creek-38 ac. 140 lots Stone Ranch -38.113 ac 138 lots Inspiration 2B-25 ac. 76 lots Wylie ETJ Collins Addition -6.398 ac 2 lots ZC 2014-08 Nails-25 ac. 105 Townhomes Clarimarhomes 0.281 ac 2 lots Hunter's Cove Phase I - 31.414 ac 58 Lots Lake Park villas 26.586 ac 165 lots Bozman Farms Phase 3- 50.392 ac 139 Lots Woodbridge 21 - 104.174 ac-367 lots Braddock Place Phase 4 -25.608 ac 77 Lots Keller's 2nd Addition -0.289 ac 1 lot Braddock Plase Phase 3- 18.322 ac. 53 Lots Keller's 2nd Addition -0.289 ac 1 lot Creekside Estates Phase VII -23.267 ac. - 11 Lots Railroad Add, Lot 3R-1 & 3R-2 -0.281 ac 1 lot Castle Park-31.41 ac 56 Lots Inspiration Ph 3B-1 -56.75 ac 199 lots Inspiration Phase 1 &2 --53 Lots Bozman Farm Phase 6 -59.968 ac 181 lots Kreymer Estates Amenity Center-3.3 ac. 1 Lot Inspiration Ph 3B-3 - 19 lots Kreymer Estates Phase 2 -23.171 ac 60 Lots Creekside Phase IX 1.428 ac 5 lots Kreymer Estates Phase 3 -29.7654 ac 74 Lots Mansions at Wylie Seniors- 13.125 ac 1 Lot Schupbach Estates-0.633 ac. 2 Lots Wooded Creek Phase 2 Amenity Center-0.512 ac 1 Lot Sachse Pending Developments Creekside Estates Phase VIII -20.551 ac 65 Lots Jackson Hills Phase 3A-2 -55 Lots Kreymer Estates Phase 4-27.312 ac 78 Lots Heritage Park- Phase 3 -81 Lots Bozman Farms Phase 5-69.071 ac 198 Lots Parkwood Ranch - Phase 2 -102 Lots HNI Townhome Addition- 10.06 ac 104 Lots Jackson Hills- Phase 3B- 114 Lots Alanis Crossing Phase II-26.239 ac 42 Lots Jackson Meadows-51 Lots Trailsplace Lot 6-BR &6 C-0.256 ac 2 Lots Woodbridge- Phase 19- 148 Lots Kreymer Park-45.57 ac 151 Lots Estates of Pleasant Valley Phase II -(21 Lots) Kreymer Estates Phase 3 -29.7654 ac 74 Lots Serene Townhomes (122 units) Braddock Place Phase 5-28.019 ac Malone Estates (37 lots) Railroad Addition Block 31- 1 ac. Estates of Pleasant Valley Phase I -(42 lots) Creekside Estates Ph 9- 12 ac Covington Estates Phase 2- 13.927 ac ETJ Kreymer Park-45.57 ac 151 Lots C & F Copeville Addition -3.515 ac 3 Lots Bozman Farms Phase 5-69.071 ac 198 Lots Geckler Addition - 14.274 ac 1 Lot Inspiration Phase 3 and 4- 107.83 ac Reyes estates-3.61 ac 2 Lots Russell Addition-0.16 ac 1 lot Creeks Crossing -3.187 ac 2 Lots Oaks Addition-0.304 ac 1 lot Keeley's Corner ETJ -5.421 ac Keller's 2nd Addition-0.289 ac 1 lot Kingdom Court Phase 1- 11.048 ac-10 lots Serene Villas-21 ac 67 with 3 lots Creekwood Estates - 15.717 ac 20 Lots New Haven at Wylie -3.1 ac 1 lot J Cubed Addition 1.841 ac LewisRanch Phase 128.58 ac 97 lot Creekwood Country Estates-21.34 ac 22 lots Bozman Farm Phase 7-77.3695 ac 195 w/3 open Redwood at the Lake Phase 2-30.58 ac Southside Addition-0.6428 ac ylie cono ic I evelop ent Con • oration E O - A TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Council Oversight DATE: July 12, 2018 Issue Discuss issues surrounding approval requirements and reporting practices between the WEDC and Wylie City Council. Analysis In mid-June, there were some questions from Council pertaining to how WEDC expenditures and projects are approved by Council. Ultimately, the WEDC Board serves at the will of the Council with Council authorizing all financial transactions. In each community there are varying levels of Council oversight and involvement in EDC activities. In Wylie, Council approves the WEDC Budget and program of work. As well, monthly financials are approved by the Board and presented to Council for their review and to place on file. Further, Council is required to approve all debt incurred by the WEDC. In practice, staff takes all WEDC property acquisitions to Council in Executive Session prior to closing. While there have been times because of fast-paced negotiations that the WEDC needed to put a property under contract prior to communication with Council, Council has always been provided the opportunity for input prior to the expiration of a due diligence period. As well, staff takes incentive programs that are 'of significance' to Council for direction within Executive Session. Staff determines whether a project is significant or not based upon the funding level, type of business, impact on the community/surrounding properties, and feedback from Ex- Officio Board Members Mayor Hogue and Manson. However, several incentive programs each year are not taken to Council which are typically less than $50,000. While the WEDC makes communication with the Wylie City Council and City Staff a priority, there are always opportunities to improve which may include monthly updates on active projects to Council within Executive Session if Council so chooses. Council Oversight July 12, 2018 Page 2 of 2 Finally, staff did confer with WEDC Counsel Randy Hullett to confirm that the WEDC was meeting all reporting requirements under EDC governing statutes which he believes we are. Mr. Hullett also provided staff with a presentation addressing Council oversight/reporting requirements as well as a thorough explanation of qualified projects. This presentation has been delivered to Council. Recommendation No action is requested by staff. Attachment Reporting Requirements Presentation WEDS PROJECT REQUIREMENTSAND REPORTINGSTRUCTURE n� _ se of a portion of the sales tax for economic development purposes has been one of the most popular and effective tools used by cities to promote economic development. ince the authorization of the local option tax took effect in 1989, more than 583 cities have levied an economic development sales tax. f these cities, 108 have adopted a Type A economic development tax, 361 cities have adopted a Type B tax, and 114 cities have adopted both. I I � nw he voters in ylie approved the creation of a TypeType B economic evel ent corporations n 1990, whichwas one of the first created in exas. E C is a with one-half cent of the sales taxes collected in Wylie. In the current budget year, it is estimated that WE C will receive $2.6 millionin 1 tax receipts. evelopment Corporation A ct provides a wide variety of purposes for which Type A and Type B tax proceeds may be expended. Some of these projects require the creation or retention of primary jobs, and some do not. A 11 activities of an economic development corporation must be in furtherance and attributable to a "project." In 2003, the Texas Legislature amended the definition of "project" to require that certain projects result in the "creation or retention of primary jobs." he only types of projects that are I subject to the primary jobs requirements are: (1) classes (2) infrastructure improvements q training which promote or develop new or expanded business enterprises, (3) career I centers, or (4) commuter rail, light rail, or motor buses. i t s i UTE VISI N Y ITY Section 501.073 provides that the corporation's authorizing unit (City Council) will approve all programs and expenditures of a corporation and annually review any financial statements of the corporation. In Wylie, this review and approval process is handled through the annual budget approval process for the WEDC, that includes the following steps: > Wylie City Council approves the WEDC budget as a component unit of the City, which includes: (On-going, multi-year incentive programs are identified by name with a budgeted amount for each program "Monies are set aside in the Budget as "Future Projects" for as of yet unidentified incentives/projects /In the event WEDC exceeds a budgeted amount within a budget year, a budget amendment is taken before City Council for approval /Monthly financials are approved by the WEDC Board each month and presented to City Council to review and place on file /Projects of more significance are presented to City Council in advance of Board approval seeking input /Any debt incurred by the WEDC is approved by City Council in advance. /Council is notified in advance of the acquisition of property. et UP NISI I N Y CITY (concluded) As long as new projects that are approved by the WEDC Board are within the annual city approved budget, the Performance Agreements for incentives approved by the Board are not taken to the City Council for separate approval. Separate approval of the agreements by City Council is not required so long as the annual budget for the WEDC is approved and WEDC does not exceed the dollar amounts for new projects; however, if the City Council prefers to approve each agreement separately, that can be done. 4* I is. ots. • VER EW OF PROJECT ELIGIBILITY To qualify as a "Project" under the Act, with the exception of qualified infrastructure, you need to be able to answer YES to each of the following questions: 1 . Will the project create or retain primary jobs? CI Are the jobs available at a company for which a majority of the products or services of that company are ultimately exported to regional, statewide, national, or international markets infusing new dollars into the local economy? LJ Are the jobs included in one of the NAICS codes set forth in the Act? 2. Is the Project found by the Board of Directors to be required or suitable for the development, retention, or expansion of any of the following: lj Manufacturing and industrial facilities; LI Research and development facilities; U Military facilities; U Transportation facilities, including airports, hangars, and rail ports; LI Recycling facilities; • Distribution centers • Small warehouse facilities; U Primary job training facilities for use by institutions of higher learning; I -U Regional or national corporate headquarters facilities (defined to mean buildings proposed for construction or occupancy as the principal office for a business enterprise's administrative t4 and management services). "Project" also includes expenditures that are found by the Board to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises, limited to streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements; telecommunications and Internet improvements; or, beach remediation along the Gulf of Mexico ("Qualified Infrastructure"). An infrastructure project does not require the creation or retention of"primary jobs." "Project" includes land, buildings, equipment, facilities, expenditures, and improvements that are: 1. For the creation or retention of primary jobs; and Found by the Board of Directors to be required or suitable for the development, retention, or expansion of: a) Manufacturing and industrial facilities; b) Research and development facilities; c) Military facilities; d) Transportation facilities, including airports, hangars, and rail ports; e) Recycling facilities; f) Distribution centers g) Small warehouse facilities; h) Primary job training facilities for use by institutions of higher learning; i) Regional or national corporate headquarters facilities (defined to mean buildings proposed for construction or occupancy as the principal office for a business enterprise's administrative and management services; or j , . Expenditures that are found by the Board to be Qualified Infrastructure. ; 444, ORTH A CAN INDUSTRY CLASSIFICATION YSTEM (NAICS) "Primary job" is defined to can a job that is "available at a company o which aj ority of the products or services of that company are ultimately exported to regional, statewide, ati 1, or international mar ets infusing new of rs in tote local economy" that meets any one of a specific list of sector numbers of the North erica Industry lassificati System (NAICS). 44, 4,4 410. ACCEPTABLE NAICS SECTORS 111: Crop production 112: Animal production 113: Forestry and logging 11411: Commercial fishing 115: Support activities for agriculture and forestry 211-213: Mining 221: Utilities 311-339: Manufacturing 42: Wholesale trade 48-49: Transportation and warehousing 51 (except 512131-512132): Information (excluding movie theaters) 523-525: Securities, commodity contracts and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other financial vehicles 5413, 5415-5417, 5419: Architectural, engineering, and related services; computer system design and related services; management, scientific, and technical consulting services; scientific research and development services; other professional, scientific, and technical services 551: Management of companies and enterprises 56142: Telephone call centers 922140: Correctional institutions • 928110: National security 4*: c*"4. A IC I IE. OP OUCTION Industries in the Crop Production subsector grow crops mainly for food and fiber. The subsector comprises establishments, such as farms, orchards, groves, greenhouses, and nurseries, primarily engaged in growing crops, plants, vines, or trees and their seeds. The industries in this subsector are grouped by similarity of production activity, including biological and physiological characteristics and economic requirements, the length of growing season, degree of crop rotation, extent of input specialization, labor requirements, and capital demands. The production process is typically completed when the raw product or commodity grown reaches the "farm gate" for market, that is, at the point of first sale or price determination. Establishments are classified to the Crop Production subsector when crop production (i.e., value of crops for market) accounts for one-half or more of the establishment's total agricultural production. Within the subsector, establishments are classified to a specific industry when a product or industry family of products (i.e., oilseed and grain farming, vegetable and melon farming, fruit and tree nut farming) account for one-half or more of the establishment's agricultural production. Establishments with one-half or more crop production with no one product or family of products of an industry accounting for one-half of the establishment's agricultural production are treated as general combination crop farming and are classified in Industry 11199, All Other Crop Farming. Industries in the Crop Production subsector include establishments that own, operate, and manage and those that operate and manage. Those that manage only are classified in Subsector 115, Support Activities for Agriculture and Forestry. Establishments that raise aquatic plants in controlled or •••• selected aquatic environments are classified in Subsector 112,Animal Production and Aquaculture. I T PE 112: A NI AL rUCTION Industries in the Animal Production and Aquaculture subsector raise or fatten animals for the sale of animals or animal products and/or raise aquatic plants and animals in controlled or selected aquatic environments for the sale of aquatic plants, animals, or their products. The subsector includes establishments, such as ranches, farms, and feedlots primarily engaged in keeping, grazing, breeding, or feeding animals. These animals are kept for the products they produce or for eventual sale. The animals are generally raised in various environments, from total confinement or captivity to feeding on an open range pasture. The industries in this subsector are grouped by important factors, such as suitable grazing or pasture land, specialized buildings, type of equipment, and the amount and types of labor required. Establishments are classified to the Animal Production and Aquaculture subsector when animal production (i.e., value of animals for market) accounts for one-half or more of the establishment's total agricultural production. Establishments with one-half or more animal production with no one animal product or family of animal products of an industry accounting for one-half of the establishment's agricultural production are treated as combination animal farming classified to Industry 11299, All Other Animal Production. I ., 14* 4*** os ANL .4 611E11 : F . ' ST 'I' Y AN I S GGING Industries in the Forestry and Logging subsector grow and harvest timber on a long production cycle (i.e., of 10 years or more). Long production cycles use different production processes than short production cycles, which require more horticultural interventions prior to harvest, resulting in processes more similar to those found in the Crop Production subsector. Consequently, Christmas tree production and other production involving production cycles of less than ten (10) years, are classified in the Crop Production subsector. Industries in this subsector specialize in different stages of the production cycle. Reforestation requires production of seedlings in specialized nurseries. Timber production requires natural forest or suitable areas of land that are available for a long duration. The maturation time for timber depends upon the species of tree, the climatic conditions of the region, and the intended purpose of the timber. The harvesting of timber (except when done on an extremely small scale) requires specialized machinery unique to the industry. Establishments gathering forest products, such as gums, barks, balsam needles, rhizomes, fibers, Spanish moss, and ginseng and truffles, are also included in this subsector. I - I 6-4 I ". *4 NA DE 1 411 C • F, CIA", IS IN This industry comprises establishments primarily engaged in the commercial catching or taking of finfish, shellfish, or miscellaneous marine products from a natural habitat, such as the catching of bluefish, eels, salmon, tuna, clams, crabs, lobsters, mussels, oysters, shrimp, frogs, sea urchins, and turtles. A C • D n : UP I T ACTIVITIES F 5 A 9 CULTU 9 AN 1 I 9 ST a Y Industries in the Support Activities for Agriculture and Forestry subsector provide support services that are an essential part of agricultural and forestry production. These support activities may be performed by the agriculture or forestry producing establishment or conducted independently as an alternative source of inputs required for the production process for a given crop, animal, or forestry industry. Establishments that primarily perform these activities independent of the agriculture or forestry producing establishment are in this subsector. AI • E 2 : I IL AN AS EXT CTI SN Industries in the Oil and Gas Extraction subsector operate and/or develop oil and gas field properties. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. This subsector includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, and the production of natural gas, sulfur recovery from natural gas, and recovery of hydrocarbon liquids. Establishments in this subsector include those that operate oil and gas wells on their own account or for others on a contract or fee basis. Establishments primarily engaged in providing support services, on a fee or contract basis, required for the drilling or operation of oil and gas wells (except geophysical surveying and mapping, mine site preparation, and construction of oil/gas pipelines) are classified in Subsector 213, Support Activities for Mining. A-4 NAICS CODE 212: MINING (EXCEPT OIL AND GAS) Industries in the Mining (except Oil and Gas) subsector primarily engage in mining, mine site development, and beneficiating (i.e., preparing) metallic minerals and nonmetallic minerals, including coal. The term "mining" is used in the broad sense to include ore extraction, quarrying, and beneficiating (e.g., crushing, screening, washing, sizing, concentrating, and flotation), customarily done at the mine site. Beneficiation is the process whereby the extracted material is reduced to particles, which can be separated into mineral and waste, the former suitable for further processing or direct use. The operations that take place in beneficiation are primarily mechanical, such as grinding, washing, magnetic separation, centrifugal separation, and so on. In contrast, manufacturing operations primarily use chemical and electrochemical processes, such as electrolysis, distillation, and so on. However some treatments, such as heat treatments, take place in both stages: the beneficiation and the manufacturing (i.e., smelting/refining) stages. The range of preparation activities varies by mineral and the purity of any given ore deposit. While some minerals, such as petroleum and natural gas, require little or no preparation, others are washed and screened, while yet others, such as gold and silver, can be transformed into bullion before leaving the mine site. Establishments in the Mining (except Oil and Gas) subsector include those that have complete responsibility for operating mines and quarries (except oil and gas wells) and those that operate mines and quarries (except oil and gas wells) for others on a contract or fee basis. Establishments primarily engaged in providing support services, on a contract or fee basis, required 1 ..4. for the mining and quarrying of minerals are classified in Subsector 213, Support Activities for Mining. * 41.4 N1/4-Ai A : UPP • T A CTIVITIES F I INING Industries in the Support Activities for Mining subsector group establishments primarily providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Establishments performing exploration (except geophysical surveying and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites. The activities performed on a contract or fee basis by establishments in the Support Activities for Mining subsector are also often performed in-house by mining operators. These activities include: taking core samples, making geological observations at prospective sites, excavating slush pits and cellars, and such oil and gas operations as spudding in, drilling in, re- drilling, directional drilling, well surveying; running, cutting, and pulling casings, tubes and rods; cementing wells, shooting wells; perforating well casings; acidizing and chemically treating wells; and cleaning out, bailing, and swabbing wells. A I : TILITIES Industries in the Utilities subsector provide electric power, natural gas, steam supply, water supply, and sewage removal through a permanent infrastructure of lines, mains, and pipes. Establishments are grouped together based on the utility service provided and the particular system or facilities required , to perform the service. I • I 1•4A NAICS CODE 311-339: MANUFACTURING (PAGE 1 OF 3) The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. The assembling of component parts of manufactured products is considered manufacturing, except in cases where the activity is appropriately classified in Sector 23, Construction. Establishments in the Manufacturing sector are often described as plants, factories, or mills and characteristically use power-driven machines and materials-handling equipment. However, establishments that transform materials or substances into new products by hand or in the worker's home and those engaged in selling to the general public products made on the same premises from which they are sold, such as bakeries, candy stores, and custom tailors, may also be included in this sector. Manufacturing establishments may process materials or may contract with other establishments to process their materials for them. Both types of establishments are included in manufacturing. The materials, substances, or components transformed by manufacturing establishments are raw materials that are products of agriculture, forestry, fishing, mining, or quarrying as well as products of other manufacturing establishments. The materials used may be purchased directly from producers, obtained through customary trade channels, or secured without recourse to the market by transferring the product from one establishment to another, under the same ownership. The new product of a manufacturing establishment may be finished in the sense that it is ready for utilization or consumption, or it may be semi-finished to become an input for an establishment engaged in further manufacturing. For example, the product of the alumina refinery is the input used � Y in the primary production of aluminum; primary aluminum is the input to an aluminum wire drawing 4 plant; and aluminum wire is the input for a fabricated wire product manufacturing establishment. NAICS CODE 311-339: MANUFACTURING (PAGE 2 OF 3) The subsectors in the Manufacturing sector generally reflect distinct production processes related to material inputs, production equipment, and employee skills. In the machinery area, where assembling is a key activity, parts and accessories for manufactured products are classified in the industry of the finished manufactured item when they are made for separate sale. For example, a replacement refrigerator door would be classified with refrigerators and an attachment for a piece of metal working machinery would be classified with metal working machinery. However, components, input from other manufacturing establishments, are classified based on the production function of the component manufacturer. For example, electronic components are classified in Subsector 334, Computer and Electronic Product Manufacturing and stampings are classified in Subsector 332, Fabricated Metal Product Manufacturing. Manufacturing establishments often perform one or more activities that are classified outside the Manufacturing sector of NAICS. For instance, almost all manufacturing has some captive research and development or administrative operations, such as accounting, payroll, or management. These captive services are treated the same as captive manufacturing activities. When the services are provided by separate establishments, they are classified to the NAICS sector where such services are primary, not in manufacturing. The boundaries of manufacturing and the other sectors of the classification system can be somewhat blurry. The establishments in the manufacturing sector are engaged in the transformation of materials into new products. Their output is a new product. However, the definition of what constitutes a new product can be somewhat subjective. 44: I 44 44:4 NAICS CODE 3 1-33 : MANUFACTURING UI ING (PAGE 3 OF 3) As clarification, the following activities are considered manufacturing in NAICS: Milk bottling and pasteurizing; Grinding of lenses to prescription; Water bottling and processing; Wood preserving; Fresh fish packaging (oyster shucking, Electroplating, plating, metal heat fish filleting); treating, and polishing for the trade; Apparel jobbing (assigning of materials Lapidary work for the trade; to contract factories or shops for Fabricating signs and advertising displays; fabrication or other contract operations) Rebuilding or remanufacturing as well as contracting on materials owned by others; machinery (i.e., automotive parts); Printing and related activities; Ship repair and renovation; Ready- mixed concrete production; Machine shops; and Leather converting; Tire retreading. Conversely, there are activities that are sometimes considered manufacturing, but which for NAICS are classified in another sector (i.e., not classified as manufacturing). They include (1) Logging, classified in Sector 11, Agriculture, Forestry, Fishing and Hunting, is considered a harvesting operation; (2) The beneficiating of ores and other minerals, classified in Sector 21, Mining, Quarrying, and Oil and Gas Extraction, is considered part of the activity of mining; (3) The construction of structures and fabricating operations performed at the site of construction by contractors, is classified in Sector 23, Construction; (4) Establishments engaged in breaking of bulk and redistribution in smaller lots, including packaging, repackaging, or bottling products, such as liquors or chemicals; the customized assembly of computers; sorting of scrap; mixing paints to customer order; and cutting metals to customer order, classified in Sector 42, Wholesale Trade or Sector paints to customer order; and cutting metals to customer order, classified in Sector 42, Wholesale Trade or Sector 5. Publishing and the combined activity of publishing and printing, classified in Sector 51, Information, perform the transformation of information into a product whereas the value of the product to the consumer lies in the information content, not in the format in which it is distributed (i.e., the book or software diskette). s�- NAICS CODE 42: WHOLESALE TRADE (PAGE 1 OF 2) The Wholesale Trade sector comprises establishments engaged in wholesaling merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The merchandise described in this sector includes the outputs of agriculture, mining, manufacturing, and certain information industries, such as publishing. The wholesaling process is an intermediate step in the distribution of merchandise. Wholesalers are organized to sell or arrange the purchase or sale of (a) goods for resale (i.e., goods sold to other wholesalers or retailers), (b) capital or durable non-consumer goods, and (c) raw and intermediate materials and supplies used in production. Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. These warehouses and offices are characterized by having little or no display of merchandise. In addition, neither the design nor the location of the premises is intended to solicit walk-in traffic. Wholesalers do not normally use advertising directed to the general public. Customers are generally reached initially via telephone, in-person marketing, or by specialized advertising that may include Internet and other electronic means. Follow-up orders are either vendor-initiated or client-initiated, generally based on previous sales, and typically exhibit strong ties between sellers and buyers. In fact, transactions are often conducted between wholesalers and clients that have long-standing business relationships. This sector comprises two main types of wholesalers: merchant wholesalers that sell goods on their own account and business-to-business electronic markets, agents, and brokers that arrange sales and purchases for others generally for a commission or fee. (1) Establishments that sell goods on their I74- ... own account are known as wholesale merchants, distributors, jobbers, drop shippers, and .4t import/export merchants. 44 44 A / OE : 111 LESALE . DE ( 'A 2 OF ) Also included as wholesale merchants are sales offices and sales branches (but not retail stores) maintained by manufacturing, refining, or mining enterprises apart from their plants or mines for the purpose of marketing their products and group purchasing organizations (e.g., purchasing and selling goods on their own account). Merchant wholesale establishments typically maintain their own warehouse, where they receive and handle goods for their customers. Goods are generally sold without transformation, but may include integral functions, such as sorting, packaging, labeling, and other marketing services. Establishments arranging for the purchase or sale of goods owned by others or purchasing goods, generally on a commission basis are known as business-to-business electronic markets, agents and brokers, commission merchants, import/export agents and brokers, auction companies, group purchasing organization (e.g., purchasing or arranging for the purchases of goods owned by others), and manufacturers' representatives. These establishments operate from offices and generally do not own or handle the goods they sell. Some wholesale establishments may be connected with a single manufacturer and promote and sell the particular manufacturers' products to a wide range of other wholesalers or retailers. Other wholesalers may be connected to a retail chain, or limited number of retail chains, and only provide a variety of products needed by that particular retail operation(s). These wholesalers may obtain the products from a wide range of manufacturers. Still other wholesalers may not take title to the goods, but act as agents and brokers for a commission. Although, in general, wholesaling normally denotes sales in large volumes, durable non-consumer goods may be sold in single units. Sales of capital or durable non- consumer goods used in the production of goods and services, such as farm machinery, medium- and heavy-duty trucks, and industrial machinery, are always included in wholesale trade. NA C S CODE 48-49: TRANSPORTATION AND WAREHOUSING The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline. The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services. A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries. One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification to systems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment. Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area. Warehousing establishments in this sector are distinguished from merchant wholesaling in that the warehouse establishments do not sell the goods. Excluded from this sector are establishments primarily engaged in providing travel agent services that support transportation and other establishments, such as hotels, businesses, and government agencies. These establishments are classified in Sector 56, Administrative and Support and Waste Management and Remediation Services. Also, establishments primarily engaged in providing rental and leasing of transportation equipment without operator are classified in Subsector 532, Rental and Leasing Services. NAICS CODE 51 : INFORMATION (EXCLUDING MOVIE THEATERS) (PAGE 1 OF 3) The Information sector comprises establishments engaged in the following processes: (a) producing and distributing information and cultural products; (b) providing the means to transmit or distribute these products as well as data or communications and (c) processing data. The main components of this sector are the publishing industries, including software publishing, and both traditional publishing and publishing exclusively on the Internet; the motion picture and sound recording industries; the broadcasting industries, including traditional broadcasting and those broadcasting exclusively over the Internet; the telecommunications industries; Web search portals, data processing industries, and the information services industries. The expressions "information age" and "global information economy" are used with considerable frequency today. The general idea of an "information economy" includes both the notion of industries primarily producing, processing, and distributing information, as well as the idea that every industry is using available information and information technology to reorganize and make themselves more productive. For the purposes of NAICS, it is the transformation of information into a commodity that is produced and distributed by a number of growing industries that is at issue. The Information sector groups three types of establishments: (1) those engaged in producing and distributing information and cultural products; (2) those that provide the means to transmit or distribute these products as well as data or communications; and (3) those that process data. Cultural products are those that directly express attitudes, opinions, ideas, values, and artistic creativity; provide entertainment; or offer information and analysis concerning the past and present. Included in this definition are popular, ta*, mass-produced products as well as cultural products that normally have a more limited audience, such as poetry books, literary magazines, or classical records. it* NA] CS CODE 51 : INFORMATION (EXCLUDING MOVIE THEATERS) (PAGE 2 OF 3) The unique characteristics of information and cultural products, and of the processes involved in their production and distribution, distinguish the Information sector from the goods-producing and service-producing sectors. Some of these characteristics are: 1. Unlike traditional goods, an "information or cultural product," such as a newspaper on-line or television program, does not necessarily have tangible qualities, nor is it necessarily associated with a particular form. A movie can be shown at a movie theater, on a television broadcast, through video-on-demand or rented at a local video store. A sound recording can be aired on radio, embedded in multimedia products, or sold at a record store. 2. Unlike traditional services, the delivery of these products does not require direct contact between the supplier and the consumer. 3. The value of these products to the consumer lies in their informational, educational, cultural, or entertainment content, not in the format in which they are distributed. Most of these products are protected from unlawful reproduction by copyright laws. 4. The intangible property aspect of information and cultural products makes the processes involved in their production and distribution very different from goods and services. Only those possessing the rights to these works are authorized to reproduce, alter, improve, and distribute them. Acquiring and using these rights often involves significant costs. In addition, technology is revolutionizing the distribution of these products. It is possible to distribute them in a physical form, via broadcast, or on-line. 5. Distributors of information and cultural products can easily add value to the products they distribute. For instance, 4* broadcasters add advertising not contained in the original product. This capacity means that unlike traditional A. distributors, they derive revenue not from sale of the distributed product to the final consumer, but from those who pay for the privilege of adding information to the original product. NAICS CODE 51 : INFORMATION (EXCLUDING MOVIE THEATERS) (PAGE 3 OF 3) Similarly, a directory and mailing list publisher can acquire the rights to thousands of previously published newspaper and periodical articles and add new value by providing search and software and organizing the information in a way that facilitates research and retrieval. These products often command a much higher price than the original information. The distribution modes for information commodities may either eliminate the necessity for traditional manufacture, or reverse the conventional order of manufacture-distribute: A newspaper distributed on-line, for example, can be printed locally or by the final consumer. Similarly, it is anticipated that packaged software, which today is mainly bought through the traditional retail channels, will soon be available mainly on-line. The NAICS Information sector is designed to make such economic changes transparent as they occur, or to facilitate designing surveys that will monitor the new phenomena and provide data to analyze the changes. Many of the industries in the NAICS Information sector are engaged in producing products protected by copyright law, or in distributing them (other than distribution by traditional wholesale and retail methods). Examples are traditional publishing industries, software and directory and mailing list publishing industries, and film and sound industries. Broadcasting and telecommunications industries and information providers and processors are also included in the ; Information sector, because their technologies are so closely linked to other industries in the 1 *, Information sector. 4,4 NAICS CODE 523: SECURITIES, COMMODITY CONTRACTS, AND OTHER FINANCIAL INVESTMENTS Industries in the ri i Secu t es, Commodity Contracts, and Other Financial Investments and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting securities issues and/or making markets for securities and commodities; (2) acting as agents (i.e., brokers) between buyers and sellers of securities and commodities; (3) providing securities and commodity exchange services; and (4) providing other services, such as managing portfolios of assets; providing investment advice; and trust, fiduciary, and custody services. NAICS CODE 524: INSURANCE CARRIERS AND RELATED ACTIVITIES Industries in the Insurance Carriers and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies or (2) facilitating such underwriting by selling insurance policies, and by providing other insurance and employee-benefit related services. NAICS CODE 525: FUNDS, TRUSTS, AND OTHER FINANCIAL VEHICLES Industries in the Funds, Trusts, and Other Financial Vehicles subsector are comprised of legal entities (i.e., funds, plans, and/or programs) organized to pool securities or other assets on behalf of shareholders or beneficiaries of employee benefit or other trust funds. The portfolios are customized to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other investment income, but have little or no employment and no revenue from the sale of services. Establishments with employees devoted to the management of funds are classified in Industry Group 5239, Other Financial Investment Activities. Establishments primarily engaged in holding the securities of(or other equity interests in) other firms are classified in Sector 55, Management of Companies and Enterprises. Equity Real Estate Investment Trusts (REITs) that are primarily engaged in leasing 44 buildings, dwellings, or other real estate property to others are classified in Subsector 531, Real Estate. NAICS CODE 541310: ARCHITECTURAL SERVICES This industry comprises establishments primarily engaged in planning and designing residential, institutional, leisure, commercial, and industrial buildings and structures by applying knowledge of design, construction procedures, zoning regulations, building codes, and building materials. NAICS CODE 541320: LANDSCAPE ARCHITECTURAL SERVICES This industry comprises establishments primarily engaged in planning and designing the development of land areas for projects, such as parks and other recreational areas; airports; highways; hospitals; schools; land subdivisions; and commercial, industrial, and residential areas, by applying knowledge of land characteristics, location of buildings and structures, use of land areas, and design of landscape projects. NAICS CODE 541330: ENGINEERING SERVICES This industry comprises establishments primarily engaged in applying physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. The assignments undertaken by these establishments may involve any of the following activities: provision of advice, preparation of feasibility studies, preparation of preliminary and final plans and designs, provision of technical services during the construction or installation phase, inspection and evaluation of engineering projects, and related services. NAICS CODE 541340: DRAFTING SERVICES This industry comprises establishments primarily engaged in drawing detailed layouts, plans, and illustrations of buildings, structures, systems, or components from engineering and architectural itt. specifications. NAICS Code 541350: Building Inspection Services This industry comprises establishments primarily engaged in providing building inspection services. These establishments typically evaluate all aspects of the building structure and component systems and prepare a report on the physical condition of the property, generally for buyers or others involved in real estate transactions. Building inspection bureaus and establishments providing home inspection services are included in this industry. NAICS Code 541360: Geophysical Surveying and Mapping Services This industry comprises establishments primarily engaged in gathering, interpreting, and mapping geophysical data. Establishments in this industry often specialize in locating and measuring the extent of subsurface resources, such as oil, gas, and minerals, but they may also conduct surveys for engineering purposes. Establishments in this industry use a variety of surveying techniques depending on the purpose of the survey, including magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. NAICS Code 541370: Surveying and Mapping (except Geophysical) Services This industry comprises establishments primarily engaged in performing surveying and mapping services of the surface of the earth, including the sea floor. These services may include surveying and mapping of areas above or below the surface of the earth, such as the creation of view easements or segregating rights in parcels of land by creating underground utility easements. NAICS Code 541370: Surveying and Mapping (except Geophysical) Services This industry comprises establishments primarily engaged in performing physical, chemical, and other analytical testing services, such as acoustics or vibration testing, assaying, biological testing (except medical and veterinary), calibration testing, electrical and electronic testing, geotechnical testing, mechanical testing, nondestructive testing, or thermal testing. The testing may occur in a laboratory or on-site. 441 4-, NAICS CODE 541511: CUSTOM COMPUTING PROGRAMMING SERVICES This U.S. industry comprises establishments primarily engaged in writing, modifying, testing, and supporting software to meet the needs of a particular customer. NAICS CODE 541512: COMPUTER SYSTEMS DESIGN SERVICES This U.S. industry comprises establishments primarily engaged in planning and designing computer systems that integrate computer hardware, software, and communication technologies. The hardware and software components of the system may be provided by this establishment or company as part of integrated services or may be provided by third parties or vendors. These establishments often install the system and train and support users of the system. NAICS CODE 541513: COMPUTER FACILITIES MANAGEMENT SERVICES This U.S. industry comprises establishments primarily engaged in providing on-site management and operation of clients' computer systems and/or data processing facilities. Establishments providing computer systems or data processing facilities support services are included in this industry. NAICS CODE 541519: OTHER COMPUTER RELATED SERVICES This U.S. industry comprises establishments primarily engaged in providing computer related services (except custom programming, systems integration design, and facilities management services). Establishments providing computer disaster recovery services or software installation services are **** included in this industry. ** lt NAICS CODE 541611 : ADMINISTRATIVE AND GENERAL MANAGEMENT CONSULTING SERVICES This U.S. industry comprises establishments primarily engaged in providing operating advice and assistance to businesses and other organizations on administrative management issues, such as financial planning and budgeting, equity and asset management, records management, office planning, strategic and organizational planning, site selection, new business startup, and business process improvement. This industry also includes establishments of general management consultants that provide a full range of administrative; human resource; marketing; process, physical distribution, and logistics; or other management consulting services to clients. NAICS CODE 541612: HUMAN RESOURCES CONSULTING SERVICES This U.S. industry comprises establishments primarily engaged in providing advice and assistance to businesses and other organizations in one or more of the following areas: (1) human resource and personnel policies, practices, and procedures; (2) employee benefits planning, communication, and administration; (3) compensation systems planning; and (4) wage and salary administration. NAICS CODE 541613: MARKETING CONSULTING SERVICES This U.S. industry comprises establishments primarily engaged in providing operating advice and assistance to businesses and other organizations on marketing issues, such as developing marketing objectives and policies, sales forecasting, new product developing and pricing, licensing and franchise planning, and marketing planning and strategy. ...* A* it 44 NAICS CODE 5 61 : PROCESS, PHYSICAL DISTRIBUTION, AND LOGISTICS CONSULTING SERVICES This U.S. industry comprises establishments primarily engaged in providing operating advice and assistance to businesses and other organizations in areas, such as: (1) manufacturing operations improvement; (2) productivity improvement; (3) production planning and control; (4) quality assurance and quality control; (5) inventory management; (6) distribution networks; (7) warehouse use, operations, and utilization; (8) transportation and shipment of goods and materials; and (9) N M1 4ik nth )ti gement Consulting Services This U.S. industry comprises establishments primarily engaged in providing management consulting services (except administrative and general management consulting; human resources consulting; marketing consulting; or process, physical distribution, and logistics consulting). Establishments providing telecommunications or utilities management consulting services are included in this industry. NAICS Code 541620: Environmental Consulting Services This industry comprises establishments primarily engaged in providing advice and assistance to businesses and other organizations on environmental issues, such as the control of environmental contamination from pollutants, toxic substances, and hazardous materials. These establishments identify problems (e.g., inspect buildings for hazardous materials), measure and evaluate risks, and recommend solutions. They employ a multidisciplined staff of scientists, engineers, and other technicians with expertise in areas, such as air and water quality, asbestos contamination, remediation, and environmental law. Establishments providing sanitation or site remediation consulting services are included in this industry. NAICS CODE 541690: OTHER SCIENTIFIC AND TECHNICAL CONSULTING SERVICES This industry comprises establishments primarily engaged in providing advice and assistance to businesses and other organizations on scientific and technical issues (except environmental). NAICS CODE 541713: RESEARCH AND DEVELOPMENT IN NANOTECHNOLOGY This U.S. industry comprises establishments primarily engaged in conducting nanotechnology research and experimental development. Nanotechnology research and experimental development involves the study of matter at the nanoscale (i.e., a scale of about 1 to 100 nanometers). This research and development in nanotechnology may result in development of new nanotechnology processes or in prototypes of new or altered materials and/or products that may be reproduced, utilized, or implemented by various industries. NAICS CODE 541714: RESEARCH AND DEVELOPMENT IN BIOTECHNOLOGY This U.S. industry comprises establishments primarily engaged in conducting biotechnology (except nanobiotechnology) research and experimental development. Biotechnology (except nanobiotechnology) research and experimental development involves the study of the use of microorganisms and cellular and biomolecular processes to develop or alter living or non-living materials. This research and development in biotechnology (except nanobiotechnology) may result in development of new biotechnology (except nanobiotechnology) processes or in prototypes of new or genetically-altered products that may be reproduced, utilized, or implemented by various industries. NAICS CODE 541715: RESEARCH AND DEVELOPMENT IN PHYSICAL, ENGINEERING, AND LIFE SCIENCES This U.S. industry comprises establishments primarily engaged in conducting research and experimental development (except nanotechnology and biotechnology research and experimental development) in the physical, engineering, and life sciences, such as agriculture, electronics, environmental, biology, botany, I ***- computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, s'i* pharmacy, physics, veterinary and other allied subjects. AA- NAICS CODE 541720: RESEARCH AND DEVELOPMENT IN THE SOCIAL SCIENCES AND HUMANITIES This industry comprises establishments primarily engaged in conducting research and analyses in cognitive development, sociology, psychology, language, behavior, economic, and other social science and humanities research. NAICS CODE 541910: MARKETING RESEARCH AND PUBLIC OPINION POLLING This industry comprises establishments primarily engaged in systematically gathering, recording, tabulating, and presenting marketing and public opinion data. NAICS CODE 541921: PHOTOGRAPHY STUDIOS, PORTRAIT This U.S. industry comprises establishments known as portrait studios primarily engaged in providing still, video, or digital portrait photography services. NAICS CODE 541922: COMMERCIAL PHOTOGRAPHY This U.S. industry comprises establishments primarily engaged in providing commercial photography services, generally for advertising agencies, publishers, and other business and industrial users. NAICS CODE 541930: TRANSLATION AND INTERPRETATION SERVICES This industry comprises establishments primarily engaged in translating written material and interpreting speech from one language to another and establishments primarily engaged in providing 11,4* sign language services. • NAICS CODE 541940: VETERINARY SERVICES This industry comprises establishments of licensed veterinary practitioners primarily engaged in the practice of veterinary medicine, dentistry, or surgery for animals; and establishments primarily engaged in providing testing services for licensed veterinary practitioners. NAICS CODE 541990. ALL OTHER PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES This industry comprises establishments primarily engaged in the provision of professional, scientific, or technical services (except the services set forth in 541910, 541921, 541922, 541930, and 541940). NAICS CODE 551111 : OFFICES OF BANK HOLDING COMPANIES This U.S. industry comprises legal entities known as bank holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold. NAICS CODE 551112: OFFICES OF OTHER HOLDING COMPANIES This U.S. industry comprises legal entities known as holding companies (except bank holding) primarily engaged in holding the securities of(or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms The The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold. 4. NAICS Code 551114: Corporate, Subsidiary, and Regional Managing 0 ices This U.S. industry comprises establishments (except government establishments) primarily engaged in administering, overseeing, and managing other establishments of the company or enterprise. These establishments normally undertake the strategic or organizational planning and decision making role of the company or enterprise. Establishments in this industry may hold the securities of the company or enterprise. NAICS Code 561421: Telephone Answering Services This U.S. industry comprises establishments primarily engaged in answering telephone calls and relaying messages to clients. NAICS Code 561422: Telemarketing Bureaus and Other Contact Centers This U.S. industry comprises establishments primarily engaged in operating call centers that initiate or receive communications for others via telephone, facsimile, email, or other communication modes for purposes such as: (1) promoting clients' products or services, (2) taking orders for clients, (3) soliciting contributions for a client; and (4) providing information or assistance regarding a client's products or services. These establishments do not own the product or provide the services they are representing on behalf of clients. NAICS Code 922140: Correctional Institutions This industry comprises government establishments primarily engaged in managing and operating correctional institutions. The facility is generally designed for the confinement, correction, and 4, rehabilitation of adult and/or juvenile offenders sentenced by a court. 4. 44, "2-1. ylie cono ic evelop ent Corporation ME O - A DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Future Agenda Items DATE: July 9, 2018 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.