The URL can be used to link to this page

08-15-2018 (WEDC) Agenda Packet TIC TI. Wylie Economic Development CORPORANON Regular eeting Agenda August 15, 2018 —6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78—Wylie, Texas Bryan Brokaw..... ......... ........ .......... .......,. , ........... President Todd Wintters..... ......... ......... . ........ .......... . ........ .. ........ .............Vice President John Yeager Secretary Demond Dawkins Treasurer Marvin Fuller...... .... ...... ......... ......... ......... ......... _........ ............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.rsylietexast.gov within the required time frame. CALL TO ORDER Announce the presence of a Quorum. INVOCATION & PLEDGE OF ALLEGIANCE 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 August 1, 2018 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the July 2018 WEDC Treasurer's Report. III. Consider and act upon approval of a Second Amended Performance Agreement between DCU, Inc. and the WEDC. DISCUSSION ITEMS IV. Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, Environmental Activity Summary, REVA Hospitality, KCS Strategic WEDC—Agenda August 1, 2018 Page 2 of 2 Partners Conference, WEDC website, Cross Development, public information requests, active project summary, and regional housing starts. V. 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 • Oak& Ballard • State Highway 78 & 5th Street • Birmingham& 78 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 2016-10c • Project 2018-6c • Project 2018-8a • Project 2018-8b • Project 2018-8c RECONVENE INTO OPEN MEETING ADJOU' MENT CERTIFICATION I cert0) that this Notice of Meeting was posted on this 106 day of August 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:www.wylietexas.gov. Stephanie Storm,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Wednesday, August 1, 2018 — 11:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas CALL TOO ' PER Announce the presence of a Quorum President Bryan Brokaw called the meeting to order at 11:30 a.m. Board Members present were John Yeager, Marvin Fuller, Todd Wintters, and Demond Dawkins. Ex-officio member Mindy Manson, City Manager was present. WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner, and Senior Assistant Angel Wygant. INVOCATION & PLEDGE OF ALLEGIANCE Demond Dawkins gave an invocation and Bryan Brokaw led the Pledge of Allegiance. CITIZEN PARTICIPATION With no citizen participation, President Brokaw moved to Action Items. ACTION ITEMS ITEM NO. 1 — Consider and act upon approval of the July 18, 2018 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Todd Wintters and seconded by Demond Dawkins to approve the July 18, 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 — {Remove from Table} Consider and act upon approval of the FY 2018-2019 WEDC Budget. MOTION: A motion was made by John Yeager and seconded by Todd Wintters to Remove this Item from Table. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the motion. Staff reviewed the revised FY 2018-2019 WEDC Budget resulting from direction provided to staff at the July 18th meeting. This direction resulted in a$100,000 increase in available resources due to an increase to Beginning Fund Balance by the same amount. On the expense side there were WEDC—Minutes August 1, 2018 Page 2 of 3 increased expenses of$146,500 with Future Projects reduced by the net $46,500. Staff pointed out that the primary expense variation came from a $100,000 drainage & traffic study for future downtown/Jackson Street development. Staff was also directed to immediately address pavement/paver failure at the entrance to Premier Business Park. Staff had secured a quote from GT Construction for$40,000 to replace the pavers and repair to the subgrade. Staff requested an additional quote to replace the failing section with concrete which came in at approximately $38,000. Due to GT's current schedule, the repair will not take place within this fiscal year with staff recommending the full $40,000 to be placed within the FY 2018 — 2019 Streets & Alleys budget. The additional $2,000 would allow staff to stain/stamp the concrete to provide a 'paver-like' effect. This increase of$40,000 would require an offsetting decrease to Future Projects. Board Members discussed the need for this repair in the short term to enhance the City's ability to attract prospective businesses to that location. Further, Board member Fuller commented that in addition to reducing dollars which would have to be expended out of the City Streets Department budget on the same repair at some point in the future, Premier Business Park infrastructure was a WEDC project originally and the WEDC should be a part of its maintenance. Board Member Demond Dawkins called the Board's attention to an overstatement within the Dues and Subscriptions account of $810. Staff agreed to double check that account and make any corrections required. In addition, he mentioned that the Insurance Account was overstated by $1. Staff explained that was likely due to rounding but would check that account as well and make a correction if needed. MOTION: A motion was made by Marvin Fuller and seconded by Todd Wintters to approve FY 2018-2019 WEDC Budget, as amended to include an increase of $40,000 to Streets & Alley's, a reduction to Future Projects of$40,000 and corrections, if required. The WEDC Board voted 5 — FOR and 0—AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO. 3 — 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. EXECUTIVE SESSION Recess into Closed Session at 11:52 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: 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: WEDC—Minutes August 1, 2018 Page 3 of 3 • Project 2018-la Sam Satterwhite, Jason Greiner and Angel Wygant were excused from the meeting at 12:05 p.m. for Board discussion and consideration of: Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). • Performance Evaluation of the Executive Director Sam Satterwhite returned at 12:29 p.m. Jason Greiner and Angel Wygant returned at 12:43 p.m. RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 12:43 p.m. and took no action. ADJOURNMENT With no further business, President Brokaw adjourned the WEDC Board meeting at 12:43 p.m. Bryan Brokaw, President ATTEST: Samuel Satterwhite,Director ylie cono ic I evelo s ent Corporation E ORANDU TO: Samuel Satterwhite, Executive Direct() FROM: Angel Wygant, Senior Assistant SUBJECT: July 2018 Treasurer's Report DATE: August 7, 2018 Issue Consider and act upon approval of the July 2018 WEDC Treasurer's Report. Analysis From the Balance Sheet,page 1: On July 13, 2018, loan #88157334 was paid in full reducing our outstanding loan principal balance to $3,398,035. 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 two loan payments were forgiven on February 24, 2017 and February 24, 2018, in accordance with the terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining three loan payments will be forgiven in equal amounts of$70,000 on an annual basis effective February 24th. Deferred Outflows - $567,499.87. 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, DCU - $51,299.87, DANK Real Estate - $83,000, MIKTEN - $20,000, Cross Development - $250,000, Hooper-Woodbridge - $20,000, SCSD-Finnell - $75,000, Taylor & Son - $3,200. 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, with three payments remaining. WEDC July 2018 Treasurers Report August 7, 2018 Page 2 of 2 Revenue and Expense Report,page 2: Rental Income — $16,640. Delta-E - $800, Helical Concepts - $400, Richmond Hydromulch - $500, Wheels Unlimited - $2,870, DCU - $3,000, Austin Said - $6,000, Trimark - $2,070, Wylie Northeast- $1,000. Revenue and Expense Report,page 3: Office Supplies - $49. Copy paper. Food Supplies - $49.09. WEDC Board Meeting Meal. Incentives - $52,418.81. Clark Street Development Sales Tax Reimbursement ($27,873.68), DCU—Incentive la($24,545.13). Special Services — $1,319.50. TCEQ ($402.50), Mowing ($709.50), Pest Control - Oak ($50), Janitorial Service ($157.50). Advertising - $8,215. Regional Adv — KPLX Radio — Bluegrass on Ballard ($6,620), In & Around July($1,595). Community Development - $1,300. Bluegrass on Ballard Sponsor ($100), Rodeo Sponsor ($1,200). Travel & Training — $1,384.49. TEDC Mid-Year Reg. — Greiner ($466.40), InvenTrust Mtg — Satterwhite ($778.20), Prospect Recruitment ($139.89). Dues & Subscriptions - $4,589.50. TEDC Annual Membership ($500), Club Corp Dues ($721.50), Woodbridge Golf Club Annual Dues ($3,368). Audit&Legal - $12,873.50. Engineering & Architecture - $1,862.59. Atty Fees: General Consultation ($220), REVA ($277.50), 544 Gateway — City Property ($721.50), SCSD-Finnell — ($269.50), 544 Gateway — City Property Environmental Review($11,385). Recommendation Staff recommends that the WEDC Board of Directors approve the July 2018 Treasurer's Report. Attachments July 2018 Treasurer's Report Sales Tax Revenue Wylie Economic Development Corporation Statement of Net Position As of July 31,2018 Assets Cash and cash equivalents $ 1,370,127.19 Receivables $ 210,000.00 Note 1 Inventories $ 7,899,110.31 Prepaid Items $ Total Assets $ 9,479,237.50 Deferred Outflows of Resources Pensions $ 66,481.55 Total deferred outflows of resources $ 66,481.55 Liabilities Accounts Payable and other current liabilities $ 11,636.43 Unearned Revenue $ 120,000.00 Note 2 Non current liabilities: Due within one year $ 139,030.20 Note 3 Due in more than one year $ 3,535,515.61 Total Liabilities $ 3,806,182.24 Deferred Inflows of Resources Pensions $ (2,839.41) Total deferred inflows of resources $ (2,839.41) Net Position Net investment in capital assets $ Unrestricted $ 5,742,376.22 Total Net Position $ 5,742,376.22 Note 1: Includes incentives in the form of forgivable loans for$210,000 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 July 31,2018,these commitments totaled$567,500 8-09-2018 10:11 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JULY 31ST, 2018 ill WYLIE ECONOMIC REVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH & CASH EQUIV 1,368,127,19 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 REC - 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 REC - JTM TECH 0.00 1000-12998 ACCTS REC - FORGIVEABLE LOANS 210,000.00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 7,899,110.31 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 567,499.87 10,046,737.37 TOTAL ASSETS 10,046,737.37 LIABILITIES 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 ( 0-03) 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 1,541.62 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE ELITE 1200. 2000-20151 ACCRUED WAGES PAYABLE 0-00 2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00 2000-20199 MISC PAYROLL PAYABLE 0.00 8-09-2018 10:11 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF JULY 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 5,034.84 2000-20210 ACCOUNTS PAYABLE 5,000.00 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 567,499.87 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 699,136.30 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 2,005,320.29 TOTAL EXPENSES 2,385,437.79 REVENUE OVER/(UNDER) EXPENSES ( 380,117.50) TOTAL EQUITY & OVER/(UNDER) 9,347,601.07 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 10,046,737.37 8-09-2018 10:11 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JULY 31ST, 2018 922-GEN LONG TERM DEBT (WEDS) 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 DEC 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 ('HG( 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 71,154.55 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 ANB LOAN/EDGE 0.00 2000-28233 ANB LOAN/PEDDICORD WHITE 486,231.80 2000-28234 AND LOAN/RANDACK HUGHES 0.00 2000-28235 AND LOAN 0.00 2000-28236 ANB CONSTRUCTION LOAN 0.00 2000-28237 AND LOAN/ WOODBRIDGE PARKWAY 401,725.96 2000-28238 AND LOAN/BUCHANAN 79,151.81 2000-28239 AND LOAN/JONES:HOBART PAYOFF 95,009.40 2000-28240 HUGHES LOAN 0.00 2000-28245 AND 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 KUTS LOAN 0.00 2000-28270 BOWLAND/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 3,674,545.81 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 ( 872,502.63) 8-09-2018 10:11 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JULY 31ST, 2018 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE REVENUE OVER/(UNDER) EXPENSES 872,502.63 TOTAL EQUITY & OVER/(UNDER) ( 3,610,903.67) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 63,642.14 8-09-2018 10:14 AM CITY OF WYLIE PAGE: 1 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET REVENUE SUMMARY ' TAXES 2,831,474.00 213,976.54 0.00 1,615,845.52 0.00 1,215,628.48 57.07 INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 14,957.88 889.47 0.00 59,567.74 0.00 ( 44,609.86) 398.24 MISCELLANEOUS INCOME 1,606,020.00 11,975.71 0.00 329,907.03 0.00 1,276,112.97 20.54 OTHER FINANCING SOURCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES 4,452,451.88 226,841.72 0.00 2,005,320.29 0.00 2,447,131.59 45.04 EXPENDITURE SUMMARY DEVELOPMENT CORP-WEDC 1,859,259.00 530,565.64 0.00 2,385,437.79 1,050.00 2,472,771.21 49.11 TOTAL EXPENDITURES 4,859,259.00 530,565.64 0.00 2,385,437.79 1,050.00 2,472,771.21 49.11 REVENUE OVER/(UNDER) EXPENDITURES ( 406,807.12) ( 303,723.92) 0.00 ( 380,117.50) ( 1,050.00) ( 25,639.62) 93.70 - n-vo-mm 10.14 ^m nzrx OF wxLzo PAGE, u mo"omno AND EXPENSE mo,var (vmuvozroo) AS or. ^vLx as`' 2018 zzz-wx^zo ornmnmzr ua,oL CORP oovowvon nvnnowr ;vnmmmr p,^nx YEAR x-r'o ,-T-o avuno` or ovosor ropzoo ro ^nJoxr. ^crvxc omcwxuRAmcs ovzAmoo evoour �� raxoS 4000-e150 REV IN zEm or `^xsn 0.00 o�vo n�ov n�nn 0.00 0.00 0.00 4000-40210 SALES r^, _213,976.54 o�o _1,615/845.52 o�00! 8.48 -5I�07 rora^ ,nxso 2'831'474.00 213'976�54 0.00 1'615'845�52 0.00 ''z,s'szo,"m 57.07 INTERGOVERNMENTAL REV. 4000-43518 mo oconomzC xcpnouomrn ` �0�J00 0.0 0 0,00 0.00 0�0 0 _0.00 o.'oo zor^L zmcEmno,omwnsnc^L REV. 0.00 o�nn 0.00 0.00 0.00 0.00 0.00 INTEREST ImcpwE ^000 «soso comrzpzo^,E or ooroozz n�nn 0.00 0.00 0.00 0.00 0100 o.on 4000-46110 ^LLor^zoo zmzEnooz ovam,muu z'000�oo 889�47 0100 4'015.02 0.00 f 1'015.021 133,83 *000-46140 roxeooL zmronoS, n�nn 0.00 0.00 n�no 0.00 o~n" 0.00 4000-46143 Loozr InrEmonr o�oo u�on 0.00 0.00 0.00 0,00 0.00 4000-46150 zmronosr o^pmzNm 2'502�66 o�no o�no /'205.16 0.00 ''zo/°so 48./6 4000-46160 Lv^m auc^,Mumr (,vzmczro^) 9'45:�22 o�on 0.00 :4'347.56 0.00 ( 44'8e2�34) 514.79 4000-46210 oxmx *nmm meRuur ImraxaSr_ o�vv _--___n�00 .^~ o'no °. ~ O��' ��l roruL zm,ouom zwcomo /4'957�88 889�47 v�nv `*'sm�m o�ov / 44'609.86) 398.24 MISCELLANEOUS INCOME 4000-48/10 RENTAL zwcomn 103'200.00 zs'*«o�oo v�nu 103'455�00 o^.no l 255.00/ ^vo.zs 4000-4e310 m000vEo, - enzon YEAR nxeom n�no n�un o�un n�oo o_oo o�ov 0.00 4000-48410 mzncoLL^muunx INCOME o�nv o�no o�no z'onv�zz o.vv { 1'000�21) o�on vouo on4su s^zm/(LnSo) uuLo or Cap anS_l�02,82o�no _4f664=29L) _ 0.00 225,451.82 ' ^. 0.00 /,27 _15�00 rora^ wzocoL,.awovoo zwmwm z'ovo'ozo,no 11'975.7' v�on 329.90f�03 n�no 1'2,6'112.97 20�54 o`eop FINANCING SOURCES "onn "v'on r,^morou FROM vomon^L rnmu n-no 0.00 v�ov 0.00 0.00 o_vo nroo 4000 493zs o^un morn pnoc000x o°no u`oo 0.00 n�ov 0.00 0100 o~no ^nvn 4vnso LEASE ,mzwnzraL r^xmupcu (v 0.00 u"nn 0.00 0.00 0,00 o~on v^.00 woo-«osoo zuooaxnco pocvvonzox , o^oo ' o.on ' n�nu ' o.«^ . . ..�� . ..~.~..^ ».»o ~ «~»V rnrxL nroox nzmAN=zwn ;nvmouo 0.00 o�ou v�vv o�oo o oo 0.00 v�oo TOTAL REVENUES novunnox 4'452'451.88 226'84/.7e o�nv 2'005'320,29 0.00 2'447'/31�39 45�04 _----- . ^-.11___ - --- ----_ ---_---_= 8-09-2018 10:14 AM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 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 22,358.46 0.00 224,930.16 0,00 59,542.84 79.07 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 9,969.53 0.00 2,630.47 79.12 5611-51220 PHONE ALLOWANCE 4,656,00 1,164.00 0.00 4,656.00 0.00 0.00 100.00 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 TMRS 44,996.00 3,438.64 0.00 36,413.83 0.00 8,582.17 80.93 5611-51410 HOSPITAL & LIFE INSURANCE 36,671.00 3,146.36 0,00 31,509.80 0.00 5,161.20 85.93 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 83.94 0.00 912.93 0.00 709.07 56.28 5611-51440 FICA 18,500.00 1,380.29 0.00 11,874.79 0.00 6,625.21 64.19 5611-51450 MEDICARE 4,327.00 322.79 0,00 3,290.34 0.00 1,036,66 76.04 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 "a 486'00 0.00 329.00 60.00 TOTAL PERSONNEL SERVICES 410,750.00 32,863.74 0.00 325,762.86 0.00 84,987.14 79.31 SUPPLIES 5611-52010 OFFICE SUPPLIES 16,140.00 49.00 0.00 6,501.64 0.00 9,638.36 40.28 5611-52040 POSTAGE & FREIGHT 980.00 0.00 0.00 151.38 0,00 828.62 15.45 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0,00 0.00 (1.00 0.00 0.00 5611-52810 FOOD SUPPLIES 2,250.00 49.09 0.00 1,634.35 0,00 615.65 72.64 5611-52990 OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL SUPPLIES 19,370.00 98.09 0.00 8,287.37 0.00 11,082.63 42.78 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 0.00 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. 5,000.00 0.00 TOTAL MATERIALS FOR MAINTENANC 8,000.00 0.00 0.00 2,196.83 0.00 5,803.17 27.46 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 987,069.00 52,418.81 0.00 598,115.92 0.00 388,953.08 60.60 5611-56040 SPECIAL SERVICES 276,276.00 1,319.50 0.00 233,670.32 1,050.00 41,555.68 84.96 5611-56080 ADVERTISING 146,355.00 8,215.00 0.00 46,449.00 0.00 99,906.00 31.74 5611-56090 COMMUNITY DEVELOPMENT 52,350.00 1,300,00 0.00 36,812.82 0.00 15,537.18 70.32 5611-56110 COMMUNICATIONS 9,936.00 512.58 0.00 7,324.75 0.00 2,611.25 73.72 5611-56180 RENTAL 29,328.00 2,44/.00 0,00 26,697.68 0.00 2,630.32 91.03 5611-56210 TRAVEL & TRAINING 36,450.00 1,384.49 0.00 19,666.05 0.00 16,783.95 53.95 5611-56250 DUES & SUBSCRIPTIONS 29,598.00 4,589.50 0.00 26,262.41 0.00 3,335.59 88.73 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 12,873.50 0.00 40,105.23 0.00 ( 7,105.23) 121.53 5611-56570 ENGINEERING/ARCHITECTURAL 30,000.00 1,862.59 0.00 4,562.59 0.00 25,437.41 15.21 5611-56610 UTILITIES-ELECTRIC 4,900.00 237.88 0.00 2,560.34 0.00 2,339.66 52.25 TOTAL CONTRACTUAL SERVICES 1,639,072.00 87,157.85 0.00 1,044,999.58 1,050.00 593,022.42 63.82 8-09-2018 10:14 AM CITY OF WYLIE PAGE: 4 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 1-, 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 804,320.52 398,482.97 MO 872,514.53 0.00 ( 68,194.01) 108.48 5611-57415 INTEREST EXPENSE 139,877.55 11,962.99 0.00 131,676.62 0.00 8,200.93 94.14 5611-57710 BAD DEBT EXPENSE 0.00 0.00 0.00 0 00. 0.00 0.00 0.00 TOTAL DEBT SERVICE & CAP. REPL 2,009,836.00 410,445.96 0.00 1,004,191.15 0.00 1,005,644,85 49.96 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 0.00 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 0.00 0.00 0.00 0.00 0.00 0.00 5611-58995 CONTRA CAPITAL OUTLAY 0.00 0.00 0.00 ( 573,844.35) °'" 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 4,859,259.00 530,565.64 0.00 2,385,437.79 1,050.00 2,472,771.21 49.11 TOTAL EXPENDITURES 4,859,259,00 530,565.64 0.00 2,385,437.79 1,050.00 2,472,771.21 49.11 REVENUE OVER (UNDER) EXPENDITURES ( 406,807.12) ( 303,723.92) 0.00 ( 380,117.50) ( 1,050.00) ( 25,639.62) 93.70 *** END OF REPORT *** 8-09-2018 10:21 AM DETAIL LISTING PAGE: 1 FUND 111-WYLIE ECONOMIC BEVEL CORP PERIOD TO USE: Jul-2018 THRU Jul-2018 DEFT : 611 DEVELOPMENT CORD-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAM # REFERENCE PACKET--- DESCRIPTION---------- VEND INV/JE # NOTE AMOUNT------ ------BALANCE--== 5611-52010 OFFICE SUPPLIES BEGINNING BALANCE 6,452.64 /11/18 3/11 A19551 CHK: 097707 01831 COPY PAPER 000392 26733 WEBC 49. 70 6,501.64 JULY ACTIVITY DB 49.00 CR: 0.00 49.00 5611-52040 POSTAGE 6 FREIGHT BEGINNING BALANCE 151.38 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) BEGINNING BALANCE 0.00 5611-52160 TOOLS/ EQUIP - $100-$999.99 BEGINNING BALANCE 0.00 5611-52810 FOOD SUPPLIES BEGINNING BALANCE 1,585.26 7/19(18 7/19 A20280 DEL: 000623 02066 WEDC BRO MTG MEAL 000912 8277 JUL18 WYGANT 49.09 1,634.35 JULY ACTIVITY DB: 49.09 CR: 0.00 49.09 5611-52990 OTHER BEGINNING BALANCE 0.00 5611-54630 TOOLS & EQUIPMENT BEGINNING BALANCE 0.00 --------------------------------------------------------------- 5611-54810 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 2,196.83 5611-54990 OTHER BEGINNING BALANCE 0.00 -------------------------------------------------------------------- 5611-56030 INCENTIVES BEGINNING BALANCE 545,697.11 7/24/18 7/24 A20675 CBE: 097972 02160 SALES TAX REIMBURSEMENT 003990 072318 27,873.68 573,570.79 Wylie Economic Development Corporation Inventory Subledger July 31, 2018 Inventory -Land Date of Pur, Address Acreage Improvements Cost Basis Sub-totals Cooper McMasters 7/12/05 709 Cooper 0.48 n/a $202,045 Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934 Perry 9/13/06 707 Cooper 0.49 Demo 200,224 Bowland/Anderson 10/9/07 Cooper Dr. 0.37 n/a 106,419 KCS 8/1/08 Cooper Dr. 0.41 n/a 60,208 Duel Products 9/7/12 704 Cooper Dr. 0.50 n/a 127,452 Randack 10/23/12 711-713 Cooper Dr. 1.09 217,500 8,880 400,334 Lot 2R3 7/24/14 Coo er Dr. 0.95 n/a 29,056 $1,312,672 Industrial Ct. Ind Ct-Hwy 78 7/06-4/16 Ind Ct-Hwy 78 1.45 n/a 924,486 Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 1,224,979 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 10,000 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 12/12/14 100 W. Oak St 0.35 155,984 4,444 486,032 City Lot 12/12/14 108/110 Jackson 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 n/a 409,390 409,390 Squire Gallagher 3/14/18 Squire-lot 2-4 2.67 6,000 573,844 573,844 Total 26.72 $876,959 60,974 $7,899,110 $7,899,110 *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 Leasehold Subledger Tenant Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Helical Concepts 1st 1/6/18 1/25/18 2/28/18 3/26/18 4/24/18 5/21/18 6/25/18 7/26/18 Wheels Unlimited 15th 1/16/18 2/16/18 3/18/18 4/16/18 5/15/18 6/15/18 7/16/18 Trimark Catastrophe 15th 1/19/18 2/14/18, 3/29/18', 5/2/18 5/2/18 7/11/18 7/11/18 8/2/18 Dennis Richmond 1st 1/7/18 2/5/18 3/5/18 4/3/18 5/4/18 6/1/18 8/6/18 Austin/Said LLC 1st 1/12/18 2/20/28 3/13/18 4/11/18 5/10/18 6/15/18 7/3/18 Austin/Said LLC 1st 1/12/17 2/20/18 3/13/18 4/11/18 5/10/18 6/15/18~ 7/3/18 DCU 1st 12/27/17', 2/1/18, 3/1/18 4/5/18 5/1/18 7/9/18', Delta-E 1st 12/29/17 2/1/18 2/26/18 3/28/18 4/27/18 6/1/18 6/28/18 7/27/18 Wylie Northeast 1st 4/30/18 6/5/18 7/3/18, 8/2/18 WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report June 2018 DATE PAYEE AMOUNT PURPOSE INDIVIDUAL/GROUPS PRESENT 06/05/18 Big Daddy's 21.97 Project Update Satterwhite, Yeager 06/05/18 Taxi 38.47 Busines Development Satterwhite, Inventrust 06/06/18 Lochinvar 128.25 Business Development Satterwhite, lnventrust 06/07/18 Barry's Pizza-Airport 7.04 Busines Development Satterwhite 06/08/18 Marriott 463.32 Business Development Satterwhite 06/08/18 Parking Systems Dallas 51.00,Business Development Satterwhite 06/11/18 Chilosos 21.65 Project Update Satterwhite, Brokaw 06/12/18 Chili's 23.44 Project Update Satterwhite, Wintters 06/16/18 Club Corp 721.50Dues& Fees n/a 05/14/18 Club Corp 17.05 Business Meeting WEDC, Cross Development 06/19/18 Cumulus-Dallas 6,620.00 Reg.Advertising- Bluegrass Radio Ads n/a 07/02/18 Cytracom 176.85 Telephone Service n/a TOTAL 8,290.54 WEDC Assistant Director JPMorgan Chase Expense Report 2018 June 2018 DATE VENDOR PURPOSE AMOUNT 6/11318 Moody Gardens Hotel TEDC Midyear Conference-Greiner- Hotel ' 434.70 6/14/18 Moody Gardens Hotel TEDC-Midyear Conference-Greiner- Meal 19.24 6/15/18 Houston Hobby TEDC-Midyear Conference-Greiner- Meal 2.49 6/15/18 Houston Hobby TEDC - Midyear Conference-Greiner-Meal 9.97 6/15/18 Moody Gardens Hotel TEDC - Midyear Conference-Greiner- Meal 38.48 7/2/18 Chick-Fil-A Bus. Mt -Greiner- BRE Neon Cloud 17.30 Total 522.18 WEDC Senior Assistant JPMorgan Chase Expense Report June 2018 DATE VENDOR PURPOSE AMOUNT 6/12/18 Chick Fil A WEDC Board Mtg Meal 49.09 7/3/18 TEDC Annual Dues-Satterwhite 500.00 Total 549.09 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF AUGUST 2018 MONTH WEDC WEDC WEDC DIFF % DIFF 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 268,976 261,573 249,590 -11,983 -4.58% SEPTEMBER 197,339 210,974 OCTOBER 201,506 195,549 NOVEMBER 270,426 267,816 Sub-Total $2,481,757 $2,627,376 $1,865,435 -$87,602 -4.50% AUDIT ADJ TOTAL $2,481,757 $2,627,376 $1,865,435 -$87,602 -4.50% WEDC SALES TAX ANALYSIS $300,000 ti $250,000 , ,. . _-- 11 . .-_... - 1 Iz t k f 7t xs2"; " V'; t ,? ::::::__ f tt1r.Ff+. J, }i I• Y 3 , filt 43r. ,ill `` I U N N Q -.ELU CD O+ 8 8 -3 LL N Z • yhe cono is I evelop ent Corporation E ORA DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Directo SUBJECT: DCU - Second Amended Performance Agreement DATE: August 9, 2018 Issue Consider and act upon approval of a Second Amended Performance Agreement between DCU, Inc. and the WEDC. Analysis The WEDC entered into a Performance Agreement with DCU on September 22, 2017 and approved a First Amendment on March 21, 2018. The Agreement called for DCU to construct an 11,200 square foot manufacturing facility on Capital Street and extend a gas line to service the same. The First Amendment addressed increased costs associated with the gas line extension and provided for the WEDC to pay the utility contractor directly. With a Certificate of Occupancy for the project issued on July 25, 2018 DCU met the performance criteria for Incentive No.la & Incentive No. lb which provided for the payment of development fees to the City of Wylie,payment to the utility contractor, and payment to DCU for moving expenses. Staff would like to present this Second Amendment to address an unforeseen issue that was recently discovered. The Roadway Impact Fees on the original Permit Fee estimate were calculated incorrectly based on the classification of 11,200 square feet as 'office space' vs. the actual 'industrial' use of the property. The Permit Fee estimate (calculated on August 31, 2017) had $20,025.60 in Roadway Impact Fees with cumulative fees totaling $31,533.93. As the use classification was corrected, Roadway Impact Fees equaled $13,036.80 with total fees of $24,545.13. The reduced Roadway Impact Fees are based upon the less intensive use of Industrial vs. Office. Thus, the change reflects a "savings" of $6,988.80. With the WEDC paying fees directly to the City, the Performance Agreement as written and approved will result in less incentives to the project in the amount of$6,988.80. The total incentive package of$107,858 was for the benefit of DCU. Staff believes the intended monies allocated for this Performance Agreement are intended to offset the investment/costs of DCU, Inc. and therefore recommends reallocating the $6,988.80 into Incentive No. 2 which was previously$12,500. WEDC—DCU, Inc. August 9, 2018 Page 2 of 2 The attached Second Amendment to Performance Agreement amends Incentive Payment No. 2 to $19,488.80 with the following performance measures: Incentive No. 2 .....<.................................. $19,488.80 ➢ CCCAD real &personal property valued at a minimum of$1,200,000; and ➢ Ongoing operations of DCU; and ➢ Ad valorem property taxes current. Recommendation Staff recommends that the WEDC Board of Directors approve the attached Second Amendment to Performance Agreement between DCU, Inc. and the WEDC. Attachments Second Amendment First Amendment Performance Agreement SECOND AMENDED PERFO' ANCE AGREEMENT THIS SECOND AMENDED TO PERFORMANCE AGREEMENT (the "Second Agreement"), is entered into and is effective as of the 15th day of August 2018 by and between WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas economic development corporation ("WEDC"), and DCU, Inc., a Texas Corporation(the "Company"). WITNESSETH: WHEREAS, the WEDC executed a Performance Agreement between WEDC and Company (the "Agreement") on September 22, 2017 to facilitate the construction of an 11,200-square foot manufacturing facility (the "Project"); and WHEREAS, the WEDC executed a First Amended Performance Agreement between WEDC and Company (the "First Amendment") on March 21, 2018 to address increased utility costs and payment structure; and WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain respects, as more particularly set forth in this Second Amendment. NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the reduction of fees owed to the City of Wylie, the WEDC and Company covenant and agree as follows: 1. Defined Terms. Capitalized terms used but not defined in this Amended Agreement will have the meanings given to them in the Agreement. 2. Modification to Economic Assistance. Notwithstanding anything to the contrary in the Agreement, the Criteria to Qualify for Economic Assistance is amended as follows: I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed, One Hundred Seven Thousand Eight Hundred Fifty-Eight Dollars ($107,858.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on August 31, 2020. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives associated with Incentive No. 2: Economic Development Incentive Payment Schedule: Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Incentive Incentive Expiration 2019 No. 2 $1,200,000 $19,488.80 $95,358 8-1-2019 Page 1 of 3 W:\Board\2018\8-15-18\Second Amendment-DCU,Inc-Short Version.doc II. Remaining Performance Requirements for Economic Development Incentive. c. Incentive No. 2: An Economic Development Incentive of Nineteen Thousand Four Hundred Eighty-Eight Dollars and Eighty Cents ($19,488.80) 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 One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street 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 DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 2 is August 1, 2019. 3. Ratification. As expressly modified by this First Amended Agreement,the Amended Agreement is hereby ratified and confirmed by WEDC and Company. 4. Counterparts; Transmission. This Amended Agreement 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 Amended Agreement by email will be effective to create a binding agreement. [Signatures appear on next page] Page 2 of 3 W•\13oard\2018\8-15-18\Second Amendment-DCU,Inc-Short Version.doc IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment the day and year first above written. WEDC: Wylie Economic Development Corporation, a Texas Corporation By: Name: Title: COMPANY: DCU, Inc., a Texas Corporation By: Name: Title: Page 3 of 3 W:\Board\2018\8-15-18\Second Amendment-DCU,Inc-Short Version.doc FIRST AMENDED PERFO ANCE AGREE NT THIS FIRST AMENDED PERFORMANCE AGREEMENT (the "Amended Agreement"), is entered into and is effective as of the 21' day of March 2018 by and between WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas economic development corporation ("WEDC"), and DCU, Inc., a Texas Corporation (the "Company"). WITNES SETH. WHEREAS, the WEDC executed a certain Performance Agreement between WEDC and Company (the "Agreement") on September 22, 2017 to facilitate the construction a 11,200-square foot manufacturing 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 Amended Agreement. NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the construction of the facility, the WEDC and Company covenant and agree as follows: 1. Defined Terms. Capitalized terms used but not defined in this Amended Agreement will have the meanings given to them in the Agreement. 2. Modification to Economic Assistance. Notwithstanding anything to the contrary in the Agreement, the Criteria to Qualify for Economic Assistance is amended as follows: I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed, One Hundred Seven Thousand Eight Hundred Fifty-Eight Dollars ($107,858.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on August 31, 2020. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Payment Schedule: Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Incentive Incentive Expiration 2018 No. la $700,000 $31,534 $31,534 8-1-2018 2018 No. lb $1,200,000 $51,324 $82,858 8-1-2018 2019 No. 2 $1,200,000 $12,500 $95,358 8-1-2019 2020 No. 3 $1,200,000 $12,500 $107,858 8-1-2020 Page 1 of 5 W.\Board\20 18\3-21-181FIrst Amendment-DCU,Inc-NEW-Full RequIrements,doc II. Performance Requirements for Economic Development Incentive. a. Incentive No. la: An Economic Development Incentive, for the benefit of the Company, of Thirty-One Thousand Five Hundred Thirty-Four Dollars ($31,534)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 11,200-square foot facility located at 2774 Capital Street 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 $31,534, 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 $31,534, Company shall pay 100% of the overage; and 3) Receipt of documentation by WEDC supporting a minimum construction cost of the project of Seven Hundred Thousand Dollars ($700,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Receipt of documentation by WEDC supporting an executed contract of not less than $39,885, with improvements completed by August 1, 2018, to extend a gas line approximately 725 feet to the easternmost property line of the lot located at 2774 Capital Street in Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and 5) 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 6) Eligibility expiration for the Company to qualify for this Incentive No. la is August 1, 2018. b. Incentive No. lb: An Economic Development Incentive of Nineteen Thousand Three Hundred Eleven Dollars ($19,311) will be paid to Company and Thirty-Two Thousand Thirteen Dollars ($32,013) will be payable directly to Company's utility contractor for the benefit of Company. The total Incentive for No. lb shall not exceed Fifty- Page 2 of 5 WABoardk2018l3-2 1-I \Ftrst Amendment-DCU,Inc-NEW-Full Requirements doe One Thousand Three Hundred Twenty-Four Dollars ($51,324) and will be paid upon completion of the following Performance Requirements for Incentive No. lb: 1) Receipt of documentation by WEDC of a Certificate of Occupancy for an eleven thousand two hundred (11,200) square foot industrial building issued by the City of Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of documentation by WEDC supporting the construction of a gas line to the easternmost property line of the lot located at 2774 Capital Street in Wylie at a cost of not less than Thirty-Nine Thousand Eight Hundred Eighty- Five Dollars ($39,885); 3) A letter from Atmos Energy asserting that the improvements referenced in Section II b (2) have been designed and installed to Atmos Standards, accepted by Atmos and determined to be complete, and are available to Company and other potential customers for their use, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. lb is August 1, 2018. c. Incentive No. 2: An Economic Development Incentive of Twelve Thousand Five Hundred Dollars ($12,500) 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 One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street 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 DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 2 is August 1, 2019. Page 3 of5 W kl3oardl2018\3-21-181First Amendment-DCU,Inc-NEW-Full Requdements doe d. Incentive No. 3: An Economic Development Incentive of Twelve Thousand Five Hundred Dollars ($12,500) 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 One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street 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 2) Receipt of documentation by WEDC evidencing the ongoing operations of DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 3 is August 1, 2020. 3. Ratification. As expressly modified by this First Amended Agreement,the Amended Agreement is hereby ratified and confirmed by WEDC and Company. 4. Counterparts; Transmission. This Amended Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and aU of which shall constitute one and the same agreement Transmission of an executed signature page of this Amended Agreement by email will be effective to create a binding agreement. [Signatures appear on next page] Page 4 of 5 WA8nardl20 18\3-2 I-18\First Amendment-DCU,Inc-NEW-Full Requirements.doc IN WITNESS I ' OF, the patties hereto have executed this Am- •ecl Agreement the day . • year first above wri WEDC: Wylie Economic Development Corporation,a Texas Corporation 13y: ?to,e' t COMPANY: DCU, Inc.. *1*-'.. as rioraticm 13y: ';01000'f, NLA r' „Aris*e,. Page 5 of 5 W:lBoard\201813-21-l8Wirst Amendment-DCU,Inc-NEW-Full Requirements.doc PERFO • NCE AGREEMENT Between WYLIE ECONOMIC DEVELOPMENT CO' '0 ' TION And DCU, Inc. 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 DCU, Inc. a Texas Corporation(the "Company"). 9 CITALS WHE AS, the Company is desirous of making real and personal property improvements in the form of a 11,200-square foot manufacturing facility (the "Project"). The project will have an estimated project cost of One Million Two Hundred Thousand Dollars ($1,200,000) and will be located at 2774 Capital Street 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 E ' AS, the construction of the Project in the City of Wylie, Texas will ultimately create "primary jobs", as that term is defined in the Act; and WHE ' AS, 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 WHE ' AS, the WEDC has estimated that $31,534 will be assessed by the City 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. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed One Hundred Thousand Dollars ($100,000.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on August 31, 2020. Page 1 of 6 W:\Board\2017\9-20-17\DCU-Performance Agreement-DCU,Inc..doe Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Pa ment Schedule: Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Incentive Incentive Expiration 2018 No. la $700,000 $31,534 $31,534 8-1-2018 2018 No. lb $1,200,000 $18,466 $50,000 8-1-2018 2019 No. 2 $1,200,000 $25,000 $75,000 8-1-2019 2020 No. 3 $1,200,000 $25,000 $100,000 8-1-2020 II. Performance Ret uirements for Economic Development Incentive. a. Incentive No. la: An Economic Development Incentive, for the benefit of the Company, of Thirty-One Thousand Five Hundred Thirty-Four Dollars ($31,534) 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 11,200-square foot facility located at 2774 Capital Street 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 $31,534, 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 $31,534, Company shall pay 100% of the overage; and 3) Receipt of documentation by WEDC supporting a minimum construction cost of the project of Seven Hundred Thousand Dollars ($700,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Receipt of documentation by WEDC supporting an expenditure of not less than $25,000 to extend a gas line approximately 670 feet to the easternmost property line of the lot located at 2774 Capital Street in Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and Page 2 of 6 W:\Board\2017\9-20-17\DCU-Performance Agreement-DCU,Inc..doe 5) 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 6) Eligibility expiration for the Company to qualify for this Incentive No. la is August 1, 2018. b. Incentive No. lb: An Economic Development Incentive of Eighteen Thousand Four Hundred Sixty-Six Dollars ($18,466) 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 an eleven thousand two hundred (11,200) square foot industrial building 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 August 1, 2018. c. Incentive No. 2: An Economic Development Incentive of Twenty-Five Thousand Dollars ($25,000) 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 One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street 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 DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 2 is August 1, 2019. Page 3 of 6 WABoarM20 I 7\9-20-17\DCU-Performance Agreement-DCU,Inc doe d. Incentive No. 3: An Economic Development Incentive of Twenty-Five Thousand Dollars ($25,000) 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 One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street 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 DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 3 is August 1, 2020. 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 August 31, 2020. Page 4 of 6 W.1Board\20 I 7 0-20-17\DCU-Performance Agreement-DCU,Inc,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. XL 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. Page 5 of 6 WABoard\201 719-20-17\DCU-Performance Agreement-DCU,[nc..doc e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, Texas 75098 COMPANY: DCU, Inc. 908 W Kirby St. Wylie, TX 75098 Attention: Mark Hambleton 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 40, (ay of September 2017. WEDC: Wylie Economic Development Corporation emm- By: --- Samuel D.R. Satterwhite,Executive Director COMPANY: DCU, Inc. .01 Mark Harnbleton, Owner Page 6 of 6 W:\Board\2017\9-20-17\DCU-Performance Agreement-DCU,Inc..doc ylie Econo is I evelop ent Corporation E 0 - A DU ' TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Staff Report DATE: August 10, 2018 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, Environmental Activity Summary, REVA Hospitality, KCS Strategic Partners Conference, WEDC website, Cross Development, 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 Pedirmanee 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, 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 July 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. $5,137,099.91 in reimbursements has been earned through July 2018 with net receipts of $4,421,812.17 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 August 10, 2018 Page 2 of 4 net of reimbursements, since October 2009. As shown on the Sales Tax Reimbursement Report, $125,406.33 was generated in sales tax in May 2018 versus $119,396.87 in May 2017. This represents an 5.03% 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 annual budgetary impact 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, $14,917.16 in sales tax was generated in May 2018 with $3,729.29 subject to reimbursement. May 2018 sales represents a 7% 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 LOI being negotiated for the last remaining lease space fronting Woodbridge Parkway. Hotel Occupancy Tax With two hotels operational and a third scheduled to open within the next few months, staff has begun tracking the hotel occupancy tax receipts. In May 2018, $15,934.35 was generated in hotel occupancy tax compared to $6,402.58 for the same period in 2017. This represents a 149% increase over 2017 receipts. 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 In addition to return receipts received by the WEDC for documents delivered to REVA, WEDC staff personally made contact with the REVA principals and they indicated there was no surprise on their part surrounding the default and they hoped to work with the WEDC on a future project in Wylie. KC'S Strategic Partners Conference As reported previously staff will be attending the KCS Strategic Partners Conference on September 18th — 19th. At the conclusion of the conference a special focus group consisting of transload operators,logistics consultants,KCS customers,and the KCS marketing/industrial group will meet to discuss/promote the Wylie distribution park. Staff has been asked to speak at the meeting to describe Wylie in general and address our interest in new distribution operations. WEDC- Staff Report August 10, 2018 Page 3 of 4 WEDC Website All text has been reviewed and presented to Mr. Greiner to load onto the web site. Mr. Greiner is also awaiting the creation of a commercial property tracking tool that has been ordered. Staff had committed to going live with this product on or about August 15th and we are about 2 weeks behind on that goal. Cross Development Cross Development is under construction on the mixed-use, multi-family development on Westgate across from Home Depot. Cross needed to either access sewer on the south side of 78 or on the north side of Sanden Boulevard. The Sanden option was preferable due to having to go under the RR and the highway for the 78 option. With the Sanden route having a 6" line and Cross needing an 8" line, Sanden is providing Cross with a new easement to install the new improvements. Public Information Requests There have been no new Public Information Requests (PIR) over the last thirty days. However, the July PIR reported previously continues to be addressed as some of the documentation falling within the request could be considered proprietary. For example, Giles Consulting (environment consultant for CFA) was contacted by the City Attorney and asked if certain documents/data was proprietary. The result of this request to release information is multiple inquiries from CFA to the WEDC as to the purpose of the request, any possible motive of the requesting party, etc. Staff of course was unable to respond to their questions. Active Protect Summary So that the Board will have a summary of WEDC active projects,staff will be providing this active project summary each month as follows: New Projects (past 45 days) 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 Local Manufacturer Retention project New building (2nd Wylie facility) under contract to address growth, 50 retained jobs, 15 —20 new jobs Restaurant Inquiries 3 national full-service, 4 national fast-casual, 1 property assemblage for multi-tenant project WEDC- Staff Report August 10, 2018 Page 4 of 4 Ongoing Proiects Sargent Spec Bldg 11,940 sf, $1.2 mm invest., App for CO/tenant finish-out at City, 100% leased DCU 11,200 sf, $1.2 mm invest., CO issued, vacating WEDC facility within next two weeks 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 Brookshires Real Estate Team and potential buyer toured facility, not under contract yet Regional Housing Starts Sixty-three homes were permitted in Wylie for the month of July 2018. Sachse, Murphy and Lavon permitted a combined sixteen with Inspiration not yet reporting. No action is requested by staff for this item. Attachments Performance Agreement Summary Environmental Activity Report KCS Strategic Partners Conference Agenda Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes B&B Theatres I Phase I -CO 56,000 sf, 12 screen theater; documentation of$600,000; documentation of !total expend.for land, improvements and personal ;property of$10,000,000. 12/31/2013' $100,000 Paid ;Cumulative valuation amended to$7,300,000. 12/31/20141 $25,000 Paid I 12/31/2015, $25,000 Paid I 12/31/2016, $25,000 Paid 12/31/20171 $25,000 Paid 12/31/20181 $25,000 i Total Incentive not to B&B Theatres Sales Tax Reimb. Qrtly Sales Tax reimbursement equal to .005 12-18[Annually exceed $600,000 Cross Development Purchase and take title to the property by `3/20/18. 3/20/2018 Complete Commence construction of multifamily units by I 8/1/18. 8/1/2018 Complete 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; property south of Explorer Pipeline is accessible to vehicular traffic; $250,000 in expenditure for qualified infrastructure; 9/1/2020 Documentation to City confirming i) Completion of removal/remediation ii) Company expended an amount greater than or equal to minimum removal expenditure ($500,000). 9/1/2020 $250,0001 CSD Woodbridge Phase I-Acquire property for 110,000 sf Kroger by 7/31/2016; CO by 3/31/2014 3/31/2014 $100,000 Paid Outstanding Performance Agreement Summary Phase II -CO for 120,600 sf retail space Sales tax (completed) 3/31/2014 reimburse quarterly 'Phase III -CO for 127,600 sf retail space Sales tax' (completed) j 3/31/2017 reimburse quarterly I Sales tax reimburse ending earlier of $1.1 mm paid or 101 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 ' la. 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. 7/31/2019 $15,600 lb. CO for a 10,140 sf expansion at 216 Windco Cir. 7/31/2019 $21,500 2. Minimum valuation of$2,100,000 for real and personal property at 216 Windco Cir.; current on lad valorem taxes; ongoing operations of Deanan Popcorn at facility; employment verification of 29 full-time employees. ' 7/31/2020 $22,900 Outstanding Performance Agreement Summary 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. 7/31/2021 23,000 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 1$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; 15. current on ad valorem taxes. Paid City of Wylie 8/1/2018 $31,534 $24,545.13 1 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; $32,013 paid 3. letter from Atmos Energy asserting that to Company's'' !improvements installed to Atmos standards and Utility ;available to other customers. 8/1/2018 Contractor Paid 12. 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 Outstanding Performance Agreement Summary 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 2/24/2018 $20,000 Paid 2/24/2019 $20,000 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of Forgiveness#1- 2-24-17 $70,000 for 5 years. 2017-2021 $350,000 Forgiveness#2 -2-24-18 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 2/28/20191 3. Documentation supporting a minimum project cost of$750,000; and 2/28/20191 4. Documentation supporting a minimum cost of $20,000 for qualified infrastructure (improvements to water, sewer, storm sewer); and 2/28/20191 5. Current on all ad valorem taxes and other property taxes; and 2/28/2019 $20,000 Outstanding Performance Agreement Summary 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. 10/31/2018 1 $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 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 1/31/2019 Threshold. Maintain on property,taxable personal property owned by company valued at or above $14,375,324(Tax Threshold). 1/31/2020 Maintain on property,taxable personal property owned by company valued at or above $14,375,324(Tax Threshold). 1/31/2021 [B. Employee Incentive: Employ up to 45 full-time employees over 133 (Employee Threshold). One time payment of $1,000/emp $1,000 per new employee added. BPP valuation over requirement waived (first year only). 12/31/2017[Threshold Employ up to 45 full-time employees over 133 `$1,000/emp (Employee Threshold). One time payment of over $1,000 per new employee added. 12/31/2018 Threshold Outstanding Performance Agreement Summary 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$1,000 per new employee added. 12/31/2019Threshold total incentive. SCSD-Finnell ;Obtain a building permit no later than 12/31/18; 11Commence 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 Taylor&Son Certificate of Occupancy for no less than 1,290 sf office building located at 107 Jackson Street; Documentation of minimum project cost of $75,000; Documentation of construction costs of $6,400 for qualified infrastructure providing a 'minimum of 7 parking spaces at this location; Current on ad valorem taxes. 11/30/2018 $3,200 Woodbridge Crossing Phase I. CO for initial phase including a Super 65%sales tax reimb 2009 Target by 8/1/09. 8/1/2009,____ 2013; 85%sales tax reimb Outstanding Performance Agreement Summary 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 W lie 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 70,22 7.84 140,455.68 210,683.52 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 62,703.17 31,351.58 31,351.58 125,406.33 0.65 20,378.53 40,757.06 61,135.59 Jun-18 Aug-18 0.00 0.00 0.00 0.65 0.00 0.00 0.00 232,972.92 37,858.10 75,716.20 113,574.30 Totals 9,558,912.08 1,712,366.63 3,424,733.27 5,137,099.91 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 1,000.66 260.17' Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16 Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57 Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42 Sub-Total 5,804.55 1,451.14 May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35 Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09 Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14 Sub-Total 58,050.29 14,512.57 Aug-14 Oct-14 1,927.17 963.59 963.59 3,854.34 $963.59 Sep-14 Nov-14 32,934.65 16,467.32 16,467.32 65,869.29 16,467.32 Oct-14 Dec-14 1,998.92 999.46 999.46 3,997.84 999.46 Sub-Total 73,721.47 18,430.37 Nov-14 Jan-15 2,885.15 1,442.58 1,442.58 5,770.30 1,442.58 Dec-14 Feb-15 29,624.02 14,812.01 14,812.01 $59,248.04 $14,812.01 Jan-15 Mar-15 6,488.22 3,244.11 3,244.11 $12,976.44 $3,244.11 Sub-Total $77,994.78 $19,498.70ii 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 $28,338.481 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 $29,497.75i 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 $13,894.87 $3,473.72 Sub-Total $111,494.70 $27 873 68 , . May-18 Jul-18 7 458.58 3,729.29 3,729.29 $14 917..16 3,729.29 , , Jun-18 Aug-18 0.00 0.00 0.00 $0.00 Jul-18 Sep-18 0.00 0.00 0.00 $0.00 Sub-Total $3,'729.28 Total $1,531,250.97 $386,542.03 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, 3 Contract: $8,400 3,705.75 Antonia Pacholczuk, Clay Snider 4 375.20 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 Project Total: 46,656.88 10 Contract$104,200 910.00 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 Misc.Supplies 15 659.50 1/31/18 Vehicle /Equipment Labor: Frank Clark,Trudy Hasan,Joshua Hopper,Samuel Lewis,Clay 16 2,005.30 2/28/18 Snider 17 874.00 2/28/18 Laboratory 18 519.50 3/31/18 Labor: Trey Nelson, Clay Snider 19 1,824.00 4/30/18 Subsurface 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 23 406.50 7/31/18 MSD- Project Management- Labor: Frank Clark,Clay Snider 24+ 429.00 7/31/18 DWS Labor: Trey Nelson,Clay Snider 25 636.00 7/31/18 MSD Application- Labor: Joshua Hooper Active Environmental Program Tracking A 1B C D E F I G 26 46,656.88 33 Spent Contracted 34 Total W&M Expendit` $57,906.82 $116,300 N A sum It for KANSAS CITY SOUTHERNS' Shod L,„e Roil, P Tr belt P ers t STRATEGIC IN KANSAS CITY PARTNERS SEPTEMBER 18-19, 2018 CO NFERENCE Sta-a �cpasC�onfierce�ceo9,f10-QA19J95 IN/' " n w, .tip•. � a Summary Conference Agenda Tuesday,Se, ember 10,2018 Conference incabon 07:15 AM Golfers meet in lobby of of 4 MAPAMw0c Wi n 07:30 AM Van departs for ffttyilt 4 1,ry ,,Chtto 09:00 AM Golfers tee off Wear03:00 PM Golfers kked upfrom t:slt�BSnfw��f��i � I Calaferenen Penner 03:30 PM Golfers arrive at CieeTblistheidetteet,_,gf0l83"y01M Tabke 1- 05.45 PM Melt fn the lebbY of lice beddrenter:.fleithenfsme Jo for shuttle to dinner(Shuttle mil run Contact ths 3313130343 locations from5:45 04 10:00 PAO KC Parkcv A 06'„00 PM Cocktail hour begins at f f Qtbet. 2a titti room casual) tin 07:00 PM Dinner served 09:45 PM Lest sb ttie'ar i depart for the hotel Wednesday,September 19,201 07:30 AM breakfast provided by KCS at the 4;,.., :ttt)) rat dt to_m„.r t: cjagt 0 :00 AM We3C033331 m( r A Mariceboy,rearkeM 38:113 AM KCS Opt -Oman Half„ KO 'esessewe k os Mess*et 1°htel Mark 3a 00.d0 AM NAFTA end Stork*Elections Fete-esr Orteromeser erS,Pnestafent 3 C333e6333-1333^3 tamer itand Jose Zany*,KCSM Meseient,Cienardi Menages A 8 R #.ntr'we 09:40 AM Freight Economy Otrtioofr for O - 010 e Kole t ,Prevalent� -traprrra#er of okm#44e Corporate loser 10:10aM Brandt 10to0 AM KCS Technology Panel•mds fir;E,(Moseidarl SV" s 343303 Cold,F P r 1" Erazk r nse,Por*Sok 5 arkebq itae,73,33331 Lamy HaseeK,AVP f7APpkviEVA1 flessatopment aft rr+rc `e 1 1'40 Arl lehresethre treatable" CArr r Affeatmak,VP Emerge`,d m:1444nmi Des a Commerce* lentesseme 12:10 PM 1_arpch/IE hi tt /GPI 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 'EBB 4 6 EMU February 18 9 22 14 20 31 4 36 54 February ®DUBU 6 ® 1 March 20 28 18 17 30 31 43 33 61 March 8 ® 6 ©® 8 ® 0 April 23 18 29 38 10 57 41 70 49 April 111111111111E111111111111111111111 May 26 18 20 22 26 68 101 45 48 May 8 fl 0 9 13 4 4 ®EI June 24 19 13 11 9 57 58 98 47 June El 9 ®®� MIME 14 DEED July 33 20 19 18 29 36 34 60 63 July August 24 16 20 19 19 30 25 11 August El 9 6 I UIII 0 Elli' September 23 22 15 8 17 24 18 46 September 0 6 6 M6 ©g 0 ©■ October 17 16 28 30 21 32 26 33 October 14 4 Elm 9 0 0 a November 13 5 14 18 20 33 11 42 November ENDUED 0 14 ■ December 15 10 16 23 65 38 39 18 December 11011101111 6 0 40MI TOTAL 264 201 230 236 280 483 409 507 326 1TOTALD'I 60 CICI 100 MD 104 60 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 I 4 5 4 0 I 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 May 13 11 17 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 7 7 16 7 22 4 2 8 1 July 15 7 14 15 30 12 22 17 4 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 7 TOTAL 118 98 148 149 280 260 274 If 132 47 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tota!' 15 10 6 EU 14 4 E ' 8 amm 16 10 19 El9 ®® 40 8 14 MM. 18 11 164 17 10 U 26 I 29 18 30 16 E 20 1 14 19 18 18 30 Ell 29 24 EUD■ '® ■ 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 Corporation E ORANDU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Future Agenda Items DATE: August 10, 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.