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11-28-2018 (WEDC) Agenda Packet ylie Economic $evelopment N 1 TICE S F TI CORPORATION Regular eeting Agenda November 28, 2018 —6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas BryanBrokaw....,. .., .,..... ......... . ........ .. ....... .. .. .......... .....,.., President ToddWintters...... .......... ........... . ........ ........, . .. ...,... ............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: w ww,wylietexgs gnr within the required time frame. CALL TOO ' I ER 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 L Consider and act upon approval of the October 31, 2018 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the October 2018 WEDC Treasurer's Report. III. Consider and act upon issues surrounding a Commercial Contract between the WEDC and FFA Village, LLC for the purchase of property located at 102 N. Birmingham Street. IV. Consider and act upon issues surrounding a Development Agreement between the WEDC and City of Wylie. V. Consider and act upon a First Amendment to Performance Agreement between the WEDC and Taylor& Son Properties, LLC. WEDC—Agenda November 28, 2018 Page 2 of 2 VI. Consider and act upon a Performance Agreement between the WEDC and Carrie Elle LLC. DISCUSSION ITEMS VII. Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, Environmental Activity Summary, Eubanks Water Line, The Rocking M (McClure Partners), The Retail Coach, Active Project Summary, and Regional Housing Starts. VIII. 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: • State Highway 78 & 5th Street • Birmingham& Oak 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 2013-3a • Project 2016-lb • Project 2018-1 a • Project 2018-10b • Project 2018-10c RECONVENE INTO OPEN MEETING I JOU MENT CERTIFICATION 1 certij)that this Notice of Meeting was posted on this 21'day of November 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:wwww lielexas.gov. Stephanie Storm,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Wednesday, October 31, 2018 —6:30 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 6:31 a.m. Board Members present were John Yeager, Marvin Fuller, Demond Dawkins and Todd Wintters. Ex-officio members Mayor Eric Hogue and City Manager Mindy Manson were present along with Assistant City Manager Chris Hoisted. WEDC staff present was Executive Director Sam Satterwhite, Assistant Director Jason Greiner, and Senior Assistant Angel Wygant. INVOCATION & PLEDGE OF ALLEGIANCE President Brokaw gave an invocation and 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 October 8,2018 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Demond Dawkins and seconded by John Yeager to approve the October 8, 2018 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 2 —Consider and act upon approval of the September 2018 WEDC Treasurers Report. Staff reviewed the items contained within the Treasurers Report and called the Board's attention to the 7.75% increase in sales tax received in October with total receipts down 2.97% over FY 2017 - 2018. MOTION: A motion was made by John Yeager and seconded by Todd Wintters to approve the September 2018 Treasurer's Report for the Wylie Economic WEDC—Minutes October 31, 2018 Page 2 of 3 Development Corporation. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO. 3 - Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, Environmental Activity Summary, WEDC website, improvements impacting WEDC property, alley improvements, active project summary, and regional housing starts. Staff updated the Board on WEDC projects and activities noting that year-over-year sales tax receipts for the Woodbridge Crossing shopping center increased 27% and Woodbridge Centre experienced a 30% increase over the same time period. Housing starts remained strong with twenty-three new homes permitted in Wylie. With the addition of a second hotel,Hotel Occupancy Tax receipts to the City of Wylie rose 173% over last year's receipts. Mr. Greiner presented the newly launched WEDC website to the Board, reviewing each section and its contents. Specifically, he discussed the interactive tools incorporated into the website for site selectors and businesses looking to locate in Wylie. The Board provided feedback and thanked Mr. Greiner and WEDC staff for their efforts in developing the website. Staff informed the Board that progress had been made in obtaining a utility easement from 1905 Wylie LLC and anticipated finalizing these easements early in November and moving forward with installation of the waterline. Alley improvement projects are moving forward with new utility poles installed off Ballard Street and GT Construction beginning project work within the next few weeks. ITEM NO. 4— 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 7:05 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). Consider the sale or acquisition of properties located at: • State Highway 78 & 5th Street • Birmingham& 78 • Birmingham& Oak WEDC—Minutes October 31, 2018 Page 3 of 3 Section 551.087 (Economic Development)of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for: • Project 2018-10a • Project 201 8-1 Ob • Project 2018-10c RECONVENE INTO OPEN MEETING The WEDC Board of Directors reconvened into open session at 8:18 a.m. and took no action. ADJOURNMENT With no further business, President Brokaw adjourned the WEDC Board meeting at 8:18 a.m. Bryan Brokaw,President ATTEST: Samuel Satterwhite,Director ylie cono ic a evelop ent Corporation E ORA DU TO Samuel Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistan SUBJECT: October 2018 Treasurer's Report DATE: November 13, 2018 Issue Consider and act upon approval of the October 2018 WEDC Treasurer's Report. Analysis Sales Tax Receipts for the month of October reflect an increase of 2.01% over October 2017. Fiscal year 2017-2018 ended down 2.46%. From the Balance Sheet,page 1: Deposits - $2,000. This amount reflects a $2,000 deposit paid to Wylie Industrial Court for the current location of the WEDC office. Account Rec — Forgivable Loans - $210,000. This figure represents the loan made to Exco Extrusion Dies in the amount of$350,000. The first 2 loan payments were forgiven on February 24, 2017 and February 24, 2018 respectively, in accordance with the terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 3 loan payments will be forgiven in equal amounts of$70,000 on an annual basis effective February 24th. Deferred Outflows - $538,188.87. 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 - $31,988.80, DANK Real Estate - $83,000, MIKTEN - $10,000, 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, respectively, with three payments remaining. WEDC October 2018 Treasurers Report November 13, 2018 Page 2 of 2 Revenue and Expense Report,page 2: Rental Income — $4,370. DCU - $500, Wheels Unlimited - $1,435, Richmond Hydromulch - $500, Helical Concepts - $400, Trimark - $1,035, Wylie Northeast- $1,000. Revenue and Expense Report,page 3: Postage & Freight - $6.70. Certified Letter—CT Corp. Food Supplies - $31.35. Manufacturer's Day Drinks. Special Services — $4,475. Tax Report Consultant ($4,375), MSD Application Fee Online ($100). Community Development - $1,647.95. Chamber Sponsor—Wreaths on the Runway($400), Mfg Day Lunch Sponsor($497.95), Arts Festival Sponsor($250),Night of Wonder Sponsor($500). Travel & Training — -$632.85. TEDC Sales Tax Training Refund (-$175), Credit of Duplicate Charges ($- 497.80), Business Meeting/Prospect Recruitment($39.95). Dues & Subscriptions - $3,131. Chamber Membership ($1,500), Rotary Dues ($1,546), Dallas Bus. Journal ($85). Insurance - $3,859.88. WEDC Property ($2,924.7), General Liability—WEDC ($357.82), Errors & Omissions ($687.09), 2% Discount (-$109.74). Land - $10,000. Earnest money—pending purchase. Recommendation Staff recommends that the WEDC Board of Directors approve the October 2018 Treasurer's Report. Attachments October 2018 Treasurer's Report Sales Tax Revenue Wylie Economic Development Corporation Statement of Net Position As of October 31,2018 Assets Cash and cash equivalents $ 1,537,267.05 Receivables $ 210,000.00 Note 1 Inventories $ 7,899,110.31 Prepaid Items $ - Total Assets $ 9,646,377.36 Deferred Outflows of Resources Pensions $ 126,847.55 Total deferred outflows of resources $ 126,847.55 Liabilities Accounts Payable and other current liabilities $ 44,849.27 Unearned Revenue $ 120,000.00 Note 2 Non current liabilities: Due within one year $ 459,363.93 Note 3 Due in more than one year $ 3,143,261.05 Total Liabilities $ 3,767,474.25 Deferred Inflows of Resources Pensions $ (1,989.41), Total deferred inflows of resources $ (1,989.41) Net Position Net investment in capital assets $ Unrestricted $ 6,007,740.07 Total Net Position $ 6,007,740.07 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 October 31,2018,these commitments totaled$538,189 11-13-2018 10:38 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: OCTOBER 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 1,536,172.47 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 6 BUILDINGS 7,899,110.31 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 538,188.87 10,185,471.65 TOTAL ASSETS 10,185,471.65 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 46.84 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 2.041.60 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE ELITE 12.00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00 2000-20199 MISC PAYROLL PAYABLE 0.00 11-13-2018 10:38 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: OCTOBER 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE . 2000-20201 AP PENDING 42,700 83 2000-20210 ACCOUNTS PAYABLE 0.00 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 538,188.87 2000-20810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 117,000.00 2000-22275 DEC INFLOW - LEASE PRINCIPAL 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 3,000.00 TOTAL LIABILITIES 703,038.14 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESERV/UNDESIG 9,577,798.36 TOTAL BEGINNING EQUITY 9,577,798.36 TOTAL REVENUE 4,370.00 TOTAL EXPENSES 99,734.85 REVENUE OVER/(UNDER) EXPENSES 95,364.85) TOTAL EQUITY & OVER/(UNDER) 9,482,433.51 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 10,185,471.65 11-13-2018 10:38 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: OCTOBER 31ST, 2018 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE ASSETS 1000-10312 GOVERNMENT NOTES 0.00 1000-18110 LOAN - WEDC 0.00 1000-18120 LOAN - BIRMINGHAM 0.00 1000-18210 AMOUNT TO BE PROVIDED 0,00 1000-18220 BIRMINGHAM LOAN 0.00 1000-19050 OFF OUTFLOW - CONTRIBUTIONS 33,377.29 1000-19075 DEF OUTFLOW - INVESTMENT EXP 21,519.48 1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 71,950.78 1000-19125 (GAIN)/LOSS ON ASSUMPTION CHG( 1,989.41) 124,858.14 TOTAL ASSETS 124,858.14 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 32,402.87 2000-20311 COMP ABSENCES PAYABLE-CURRENT 63,028.00 2000-21410 ACCRUED INTEREST PAYABLE 4,847.65 2000-28205 WEDC LOANS/CURRENT 35,592.74) 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 ANB LOAN/RANDACK HUGHES 0.00 2000-28235 ANB LOAN 0.00 2000-28236 ANB CONSTRUCTION LOAN 0.00 2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 401,725,96 2000-28238 ANB LOAN/BUCHANAN 79,151.81 2000-28239 ANB LOAN/JONES:HOBART PAYOFF 95,009.40 2000-28240 HUGHES LOAN 0,00 2000-28245 ANB LOAN/DALLAS WHIRLPOOL 2,000,000.00 2000-28247 JARRARD LOAN 256,732.59 2000-28250 CITY OF WYLIE LOAN 0*00 2000-28260 PRIME 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 212,363.17 TOTAL LIABILITIES 3,595,900.51 EQUITY 3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 3,391,780.77) 3000-35900 UNRESTRICTED NET POSITION 114,969.00) TOTAL BEGINNING EQUITY ( 3,506,749.77) TOTAL REVENUE 0.00 TOTAL EXPENSES 35,707.40) 11-13-2018 10:38 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: OCTOBER 31ST, 2018 922-GEN LONG TERM DEBT (WEDC) ACCOUNT4 TITLE REVENUE OVER/(UNDER) EXPENSES 35,707.40 TOTAL EQUITY & OVER/(UNDER) ( 3,471,042.37) TOTAL LIABILITIES, EQUITY & OVER/(UNDFR) 124,858.14 11-13-2018 10:40 AM CITY OF WYLIE PAGE: 1 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: OCTOBER 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET 8 OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___.... REVENUE SUMMARY TAXES 2,600,000.00 0,00 0.00 0.00 0.00 2,600,000.00 0.00 INTERGOVERNMENTAL REV. 0.00 0,00 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 3,600.00 0.00 0.00 0.00 0.00 3,600.00 0.00 MISCELLANEOUS INCOME 1,412,440.00 4,370.00 0.00 4,370.00 0.00 1,408,070.00 0.31 OTHER FINANCING SOURCES 0.00 0 00 0 00 0.00. . 0.00 0.00 0.00 TOTAL REVENUES 4,016,040.00 4,370.00 0.00 4,370.00 0.00 4,011,670.00 0.11 EXPENDITURE SUMMARY DEVELOPMENT CORP-WEDC 736 4 , .927.13 99,734.85 0.00 99,734.85 52,064.83 4,585,127.45 3,20 TOTAL EXPENDITURES 4,736,927.13 99,734.85 0.00 99,734.85 52,064.83 4,585,127.45 3.20 REVENUE OVER/(UNDER) EXPENDITURES ( 720,887.13) ( 95,364.85) 0.00 ( 95,364,85) ( 52,064.83) ( 573,457.45) 20.45 u-za-zom 10.40 am c,rx OF WY^os pxco. z aEvsmvu AND oxpowso ooyouT (vwvvozrou) AS or. oCroyom 31xr' 2018 z''-w,czo oromomzC nE,uL CORP mmEwnav cnmnowr coaaomT pnmp YEAR ,'r-n ,-,-o evm`or ^ OF avonor poaznu po ^oJvx`. xzrv^L opnnmoRAmCo enL^wcn avuror TAXES 4000-40150 REV IN unzv OF ,^xoo 0.00 0.00 n�nv 0.00 n�no u�no o�nu 4000'40210 nxLox TAX 0�00 �- 0�00 0�00 �0�00 TOTAL omoo 2'600'000.00 o�nn n�on n�on 0.00 z'mo'nnv�oo 0.00 INTERGOVERNMENTAL aEv+ 4000-43518 sno oCONomzo xxmoomomTo 0.00 0`00 0.00' 0.08 ror^L zpToan°voavmcwTAL acv. n�nn o�oo 0.00 n'oo 0.00 0,00 v�vo INTEREST INCOME 4000-*6050 rExr,r,cxro OF nopoozr 0.00 0.00 0.00 0.00 n�no 0.00 0.00 ^ono 4s`10 vLLocx,00 zmrcauor o^umzmoo 3'600.00 0.00 0.00 o�no 0.00 3'600.00 0.00 4000-46140 roxcovL zmcoaouT 0.00 0.00 0.00 0.00 n�nn o�nn o/aa 4000-46143 Loozz zmTsms:r 0.00 0.00 ^-oo o�on 0.00 0,00 4000-46150 zwromonr o^pmznm 0.00 v�nv 0.00 0.00 0.00 o�oo o^uv` 4000-46160 Loxx aop^xmomr (puzmCzr^L) o�oo 0.00 p-oo o�vo o�oo o�on o^mu 4000-46210 axmx MONEY rARxoc cmzonnxz- �0l 2�0 _____�^n� ^.�,^_~~- o.�oo __-. ^�_�=�� ____��0 _0�*l rnra� zmr�aovr zwomm �'�nv�vo o�oo o�on v�oo o�vo 3.600.00 o�on MISCELLANEOUS zmcuao 4000-48110 momTvL zmComo //z'^^o.00 4'3/0.00 o^vo 4'370�00 o�oo 108'070.00 3�89 *000-48310 mocn"on, rnzvm YEAR o,cow 0.00 0.00 oloo 0.00 o�no o�no n�nn 4000-48410 mzacoLL^munvx zmmmo n^oo 0.00 0,00 0.00 0.00 o�oo o�oo 4000-48430 o^zw/(Lvsx) SALE OF oo» u 0.00 ^ 0.00 _____��L l'��=�l _�� rorv^ mzocoL^^woovo zmonMo 1'412'440.00 4'370�00 o�ou ^ ^'nn'no o no 1'408'070�00 0.31 OTHER FINANCING SOURCES 4000-49160 rm^mnmze FROM comov^L rvoo 0.00 o^no n°oo o.^o v�nv o 0.00 4000-49325 BANK mnro nwoc000; 0.00 o`po n°ov n`vn 0.00 0�00 0.00 4000-495:0 LEASE rozmczPAL r^YMEvrs w 0.00 n^no 0.00 n-oo o�nn *.00 n�oo 4000-49600 zwonmuwro u000vomzu; 0.00 , 0.00 ~ ,v*oo � 0�*oo __- 0.00 ^ c�o» ` o.«Y ro`vL nroov nzw*mozmo oovpcox 0.00 0.00 o�oo n�oo 0,00 n�no n�oo ____ ___ ror^^ no"owvov ^'ozv'v^v.00 4'370�00 o�no 4'370�00 0.00 4'011'670�00 v�`` ---- ------------ , 11-13-2018 10:40 AM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: OCTOBER 31ST, 2018 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET PERSONNEL SERVICES 5611-51110 SALARIES 290,180.00 16,939.83 0.00 16,939.83 0.00 273,240.17 5.84 5611-51130 OVERTIME 0.00 0.00 0.00 0.00 0,00 0,00 0.00 5611-51140 LONGEVITY PAY 1,452.63 0.00 0.00 0.00 0,00 1,452.63 0.00 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 12,600.00 726.94 0,00 726.94 0.00 11,873,06 5.77 5611-51220 PHONE ALLOWANCE 4,656.00 1,164.00 0.00 1,164.00 0.00 3,492.00 25.00 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 45,879.00 2,664.14 .000 2,664.14 0.00 43,214.86 5.81 5611-51410 HOSPITAL & LIFE INSURANCE 41,277.00 3,158.09 0,00 3,158.09 0,00 38,118.91 7.65 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 °-°° 0.00 0.00 0.00 0.00 5611-51420 LONG-TERM DISABILITY 1,655.00 167.88 0.00 167.88 0,00 1,487.12 10.14 5611-51440 FICA 18,863.00 462.67 0.00 462.67 0.00 18,400.33 2.45 5611-51450 MEDICARE 4,412.00 244.02 0-00 244.02 0,00 1,167,98 5.53 5611-51470 WORKERS COMP PREMIUM 396.00 283.20 0.00 283.20 0,00 112.80 71.52 5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 0.00 0.00 810,00 0.00 TOTAL PERSONNEL SERVICES 422,180.63 25,810.77 0.00 25,810.77 0.00 396,369.86 6.11 SUPPLIES 5611-52010 OFFICE SUPPLIES 6,000.00 0.00 0.00 0.00 0.00 6,000.00 0.00 5611-52040 POSTAGE 5 FREIGHT 890.00 6.70 0.00 6.70 0.00 883.30 0.75 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-52810 FOOD SUPPLIES 2,150.00 31.35 0.00 31.35 0.00 2,118.65 1.46 5611-52990 OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL SUPPLIES 9,040.00 38.05 0.00 38.05 0.00 9,001.95 0.42 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 2,000.00 0,00 0.00 0.00 0.00 2,000.00 0.00 5611-54990 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 TOTAL MATERIALS FOR MAINTENANC 7,000.00 0.00 0.00 0.00 0.00 7,000.00 0.00 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 1,245,886.50 0,00 0-00 0.00 27,172.83 1,218,713.67 2.18 5611-56040 SPECIAL SERVICES 263,900,00 4,475.00 0.00 4,475.00 459.00 258,966.00 1,87 5611-56080 ADVERTISING 127,000,00 0.00 0.00 0.00 18,945.00 108,055.00 14.92 5611-56090 COMMUNITY DEVELOPMENT 68,600,00 1,647.95 0,00 1,647,95 500.00 66,452.05 3.13 5611-56110 COMMUNICATIONS 9,628.00 401.65 0.00 401.65 0.00 9,226.35 4.17 5611-56180 RENTAL 29,328,00 4,500.00 0,00 4,500.00 0.00 24,828.00 15,34 5611-56210 TRAVEL & TRAINING 55,425.00 ( 632,85) 0.00 632,85) 0.00 56,057.85 1.14- 5611-56250 DUES & SUBSCRIPTIONS 30,610.00 3,131.00 0,00 3,131.00 4,988.00 22,491,00 26.52 5611-56310 INSURANCE 3,110,00 3,859.88 0.00 3,859.88 0.00 ( 749.88) 124.11 5611-56510 AUDIT I LEGAL SERVICES 39,000,00 0.00 0.00 0.00 0.00 39,000.00 0,00 5611-56570 ENGINEERING/ARCHITECTURAL 30,000.00 0.00 0.00 0.00 0.00 30,000.00 0,00 5611-56610 UTILITIES-ELECTRIC 2,400.00 0.00 0.00 0.00 0.00 2,400.00 0.00 TOTAL CONTRACTUAL SERVICES 1,904,887.50 17,382.63 0.00 17,382.63 52,064.83 1,835,440.04 3.65 � 11-13-2018 m.«u xm czrc OF WYLzo PAGE. 4 auvEwvo AND Exnnmvo porvvr wNAuozrom AS OF: vxn,aoR 31xr' 2018 z'`'w,Lzo ormwmx,n oovo^ CORP oomsmeMuwT roop-xooc copuRzmumr^L oxrsmozrvaso cv,auwT rvxooyr ppznR YEAR ,-T o ,-r o avovor % OF ovoror comzvo vo ^u^vsr, soToa^ owrvmeRAwCs oAc^oCm avovu, _- '._~ ~__ ' ------ DEBT SERVICE & AP. RErL 5611-57110 ooa` ,onvzCE n�oo 0.00 0.00 o�oo 0.00 0.00 v�nv 5611'57410 emzwczPAL p^xmoxr z'szo'osz.00 35'707�40 o"sm 35'707�40 0.00 1'592'343.60 u.'y 5611-5m15 zw,ovoxr oxPovno 123.768.00 m'roa�no 10'796�00 0.00 112'972.00 8�72 5611-5�710 ono uooT oxpEmoo 0,00! 0`00 M�l _- 0�00 0�00 0`00 ror»L m^uT aom"zno & c^r� mmp^ 1'751'819.00 46'503�40 o�oo 46'503.40 0.00 1.705'315.60 2.65 CAPITAL OUTLAY 5611-58110 Lupo-vvnCo^su pmzru 300'000�00 zn'oomn n�oo 10'000,00 n"on zon'vun�oo 3�33 5611-58120 oo,o^oPMEwr FEES 0.00 0.00 0.00 o�oo 0.00 0.00 0.00 5611-58150 Lumo-aorromyomro u�ov o�un 0.00 n�on 0100 v�oo o�oo 561' 5oczo srpooro & ^LLoxo 340.000,00 o�oo 0.00 o�oo 0,00 340.000.ou n�oo 5611 5o41n vmpzr^ax ocwEn 0.00 0,00 o�uo o�on 0.00 o�oo o�no 5611-58810 nmypvzom o^po/onr`°mao 1'000�00 o�ou n�ou o�oo 0.00 z'oomo o�oo 5611-58830 rvmmIrvao & rzxrnuon 1'000�00 o�oo n�nv 0.00 o..vo 1.000�00 0.00 5*11-58910 av,^o,won o�vo u�oo 0.00 v�ov u`no 0.00 0.00 5611-58995 cnwTpo cxrczuL ovrLax ' _ 0.00 -�� _0�00 0`00 ».»» _ 0.00 _0�00 roroL rxrzrxz nvrLax 642'000.00 10'000�00 o�no zv'vov.00 0�00 osz'000.no 1�56 OTHER FINANCING wnEm. 5611-59111 zmAmorna TO oomoavL FUND 0.00 n�uo 0.00 o�oo o`uo 0.00 v�on 5611 5ozov rRAmurum TO ruommur^wm zmp n^un o�oo n�no 0.00 0.00 o�ov o�nv 5611-59430 rRANsrna TO c^ezTv^ ewJ ry v^on 0.00 0.00 o�vo n~nv 0.00 0.00 5611 5yeo rmvuocr xrroomczmo , 0.00 0�00 , 0.00 0�0 0�00 n^Vo ....0.00 cvrvL oruon Fzwawczmo (Uoo,) n�on 0.00 0.00 0.00 o�oo o�oo 0.00 ror^L oovou;puom` COmr-,00c 4,736'927.13 99'734�85 0.00 99'734.85 52'064�83 4.565'127�45 3,20 '____ ________ cnr^c zzPEmocrURmx 4'736'927.13 99'734.85 o�nn e'734�85 52'064.83 4'585.127�45 ,.uo REVENUE OVER n,om (vmoox) oxpomozzvmoS 720'887,13) ( 95'364�85) n�no 95'36*,85) ( 52.064�63) / 573'457�45/ 20.45 ~^^ END OF Rompr ^`' 11-13-2018 10:42 AM DETAIL LISTING PAGE: 1 FUND : 111-WYLIE ECONOMIC BEVEL CORP PERIOD TO USE: Oct-2018 THRU Oct-2019 DEPT : 611 DEVELOPMENT CORP-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 0.00 5611-52040 POSTAGE & FREIGHT BEGINNING BALANCE 0.00 10/26/18 10/26 A28402 DFT: 000693 04875 CERTIF-CT CORD--EUBAN 000912 8277 OCT18 WYGANT 6.70 6.70 OCTOBER ACTIVITY DB: 6.70 CR: 0.00 6.70 ovv..o, ==:-. ACCOUNT TOTAL DiB:: 6.70 CR O.QO 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 0.00 10/26/18 10/26 A28402 DFT: 000693 04875 MFG DAY-DRINKS O00912 8277 OCT18 WYGANT 31.35 31.35 -,...._.- ......5. OCTOBER ACTIVITY DB: 31.35 CR: 0.00 31.35 -v ACCOUNT TOTAL DB: 31.35 CR: 0.00 5611-52990 OTHER BEGINNING BALANCE 0.00 5611-54630 TOOLS & EQUIPMENT BEGINNING BALANCE 0.00 5611-54810 COMPUTER HARD/SOFTWARE. .. BEGINNING BALANCE 0.00 5611-54990 OTHER BEGINNING BALANCE 0.00 11-13-2018 10:42 AM DETAIL LISTING PAGE: 2 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Oct-2018 THRU Oct-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION VEND INV/JE # NOTE AMOUNT-- ----BALANCE---- 5611-56030 INCENTIVES BEGINNING BALANCE 0.00 11/06/18 11/06 A29036 CHK: 100062 05137 INCENTIVE 1 OF 1 005188 INCENTIVE #1 25,000.00 25,000.00 NOVEMBER ACTIVITY DB: 25,000.00 CR: 0.00 25,000.00 ACCOUNT TOTAL DB: 25,000.00 CR: 0.00 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 0.00 10/04/18 10/04 A26486 CHK: 099511 04057 WEDC - TAX REPORTS 004907 100418 FY 18-19 4,475.00 1,475.00 10/04/18 10/04 A26486 CHK: 099511 04057 PROMPT PAY DISCOUNT 004907 100418 FY 18-19 100.00CR 4,375.00 10/18/18 10/18 A27703 CHK: 099769 04665 MID APPLICATION FEE-KIRB 000101 101718 WEDC 100.00 4,475.00 =-,---,-----,---- OCTOBER ACTIVITY DB: 4,575.00 CR: 100.00CR 4,475.00 11/05/18 11/06 A29056 CHK: 100077 05140 MOWING EDC PROPERTIES 002723 1969 WEDC 459.00 4,934.00 ----- -.,.,,a NOVEMBER ACTIVITY DB: 459.00 CR: 0.00 459.00 m--- --,-- -= ACCOUNT TOTAL DB: 5,034.00 CR: 100.00CR ___________________________---------------------------------------------------------------------------------------__ 5611-56080 ADVERTISING BEGINNING BALANCE 0.00 11/02/18 11/02 A28894 CHK: 100040 05076 VIDEO PRODUC PAY #2 OF 3 005134 4814 WEDC 3,750.00 3,750.00 11/02/18 11/02 A28895 CHK: 100040 05076 PHOTOGRAPHY 005134 4815 WEDC 5,000.00 8,750.00 -,---,,,--,= -= NOVEMBER ACTIVITY DB: 8,750.00 CR: 0.00 8,750,00 ----,r,-- --,, ACCOUNT TOTAL DB: 8,750.00 CR: 0.00 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 0.00 10/17/18 10/17 A27607 CHK 099751 04609 CHAM WREATH SPONSOR 000468 9015 WEDC 400.00 400.00 10/26/18 10/26 A28402 DFT: 000693 04875 MFG DAY-LUNCH SPONS 000912 8277 OCT18 WYGANT 497.95 897.95 10/29/18 10/29 A28527 CHK: 099955 04936 SPONSOR-ARTS FESTIVA 000101 AF2018-07 WEDC 250.00 1,147.95 10/29/18 10/29 A28528 CHK: 099956 04936 SPONSOR-NT OF WONDER 000101 NOW-2018-01 WEDC 500.00 1,647.95 ....- --=-=-- - OCTOBER ACTIVITY DB: 1,647.95 CR: 0.00 1,647.95 11/05/18 11/06 A29054 CHK: 100081 05140 SPONSR-BOWLNG TOURN WEDC 001420 103018 WEDC 500.00 2,147.95 -----,,, NOVEMBER ACTIVITY DB: 500,00 CR: 0.00 500.00 ACCOUNT TOTAL DB: 2,147.95 CR: 0,00 11-13-2018 10:42 AM DETAIL LISTING PAGE: 3 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Oct-2018 THRU Oct-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN q REFERENCE PACKET DESCRIPTION-------- VEND INV/JE 9 NOTE ------AMOUNT---- -===BALANCE-==- -------------------------------------------------------------------------------------------------------------------------------- 5611-56110 COMMUNICATIONS BEGINNING BALANCE 0.00 10/17/18 10/17 A27549 CHK: 099729 04589 INTERNET SE25-0C24 WEDC 004568 2101577989 5E025-0 223.75 223,75 10/26/18 10/26 A28395 DFT: 000693 04875 TELEPHONE SERVICE 000912 8277 OCT18 SATTER 177.90 401.65 - OCTOBER ACTIVITY DB: 401.65 CR: 0.00 401.65 11/13/18 11/13 A29617 CHK: 100199 05376 INTERNET-WEDC OCT25-NOV2 004568 2101577989 WEDC 223.75 625,40 NOVEMBER ACTIVITY DB: 223.75 CR: 0.00 223.75 ACCOUNT TOTAL DB: 625.40 CR: 0.00 5611-56180 RENTAL BEGINNING BALANCE 0.00 10/03/18 10/03 A26302 CHIC: 099472 03984 OFFICE RENT - OCT 2018 003231 100218 OCT WEDC 2,250.00 2,250.00 10/24/18 10/24 A28191 CHK. 099893 04822 RENT- NOV 18 003231 102518 NOV18 2,250.00 4,500.00 OCTOBER ACTIVITY DB: 4,500.00 CR: 0.00 4,500.00 DB:.. 1,500.00 CR: 0.00 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 0.00 10/12/18 10/12 C62872 RCPT 01006025 26697 REND FOR ED SLS TAX W/S 175.00CR 175.00CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 090518 DINNER/TAXI 154.23CR 329.,23CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 090518 DINNER/TAXI 114.38CR 443.61CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 090518 PARKING 12.000R 455a61CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 092618 PARK 26.00CR 481,61CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 092618 PARK/TAXI 39.00OR 520;.61CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 092618 PARKING 96.00CR 616s61CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 092618 PARKING 11.19CR 627,80CR 10/16/18 10/16 A27461 VOID: 099712 04553 REVERSE VOIDED CHECK 000317 92618 PARKING 45.10CR 672,80CR 10/26/18 10/26 A28395 DFT: 000693 04875 BUS. MTG-EDGE 2 000912 8277 OCT18 SATTER 15.67 657,13CR 10/26/18 10/26 A28402 DFT: 000693 04875 BUS MTG-WAXLER 000912 8277 OCT18 WYGANT 24.28 632.85CR OCTOBER ACTIVITY DB: 39.95 CR: 672.80CR 632.85CR ACCOUNT TOTAL, DB: 39.95 CR: 672.80CR 5611-56220 PROFESSIONAL TRAINING BEGINNING BALANCE 0.00 ' 11-1+201810.42am uor ^ zL Lzorzwo p^oo. ^ rnwo . Ill-wx^ n oco,npzc osysL CORP pamznu TO USE: o",anm Tuuv m=t,mo morr . 611 oo,uLocmoNr romp-w000 ^ccovmzx. 5611-52010 roov 5611-58910 pu,r DATE rnam # aoruxuNco PACKET oovmz,rzow vumo IN"/Jo wnro 5611-56250 o"ov ^ masCpzprznmv e a c z w m z m s e a L v o c o o�nn 10/17/18 zo/zr v27606 o/m. 09975/ 04609 coumao, womoup,vzP 000*68 7788 °ooc rx'r ,e z'sv�no 1'500.00 10/17/18 10/1/ ^2/610 cxo. 099749 04609 mur o"os wzsamr noz«zo oso °uo, u,17 zu 773.00 2'273.00 10/17/18 10/17 ^2,6/1 r*x. 099/49 o«mp anr uvou v^r`onwvzro 001420 270 woor r,17 /n 7/3�00 3'046�00 10/31/18 'o/zz ^uor,u cxx. 100013 05031 oo^ nvaocxzp ans`v-xoerz 00220'1 17850190 r,zu 19 65�00 3'131.00 ^---~~~�~� oCroaon ^oTz,zr, oa. 3.131.00 cu. 0,00 3'131�00 11/05/18 11/0* ^29059 cux. 100076 05140 zvr^cr uv000nvmo Svavomz 004815 16504 ,,18 ^o wooc ^'"oo�vo a'`zmo movnwnu* aorzvzr, na. 4.988�00 on. o�uo 4,988.00 ^Ccovmr Tnr^^ oa. 8'11mu cn. o�vn _~-~-------_---_--_-_- --~_°-_-_---_=-_-_---_,_,--_~-----~-----_-__--__=--_--_-----~-~---_---_-_-_-_-_-=~~~---__---___. 56z1-5o3`o zm,nmAmoo a o G z r m z m : a ^ L a m c o u�nv 10/18/18 10/18 ^,roo/ cau. 099762 oospz p,"p°,* wooc 000352 5345 101818 2'e4.71 2'924�71 zo/zo/zo 10/16 u2,691 cnv. 099762 04662 G°" Liability - wooc 000352 s345 101818 35/.82 3'282�53 10/18/18 zo/zo xz`oy/ cux. v»v`«z 04662 E & n - °000 000352 5345 'o/o'v oo`�ov 3'969.62 10/18/18 10/18 v27691 cnu. 0*9762 04662 c^ 2% oi°= wooC 000352 534: 101818 51.25ra 3'918.37 10//8/18 10/18 ^z`oy/ oux. 099762 04662 p,"p 2% ui"" wooC 000352 5345 'o,o'o no.^ycp 3'859�88 nCroauo ^orzv'Tx oa. 3.969�62 co. /09�74oa »'oso.00 ^rcn"wr rorvL ua, a'ysv.m ,n. 109,,4c^ --------------------------_____----------_----___----_--=~-__-=--__--__-_'_----_~~~~_-----_-~_-~__--~_-__--__-_--'-_---__ 5s^' 5+n1u uvozr ^ ^oG^c oonvICEn a o o r p w z w s a ^ L ^ m c o o�oo -_~-----__-~--_~-~--'--__--_--~-__----_--~___-~~___-~--_~~-~_-~_--_-.______-__~__-~-_--_.~=_~~_~-~.-__-~_____--_~__=_ *o11-oo57o om"rmooazm:/amo*zToC,vp^, o o s z m w z m : n ^ L ^ m c E o�oo ---------------------------------------=----_~r----_------__--------r-----__---==--_---_- ---------_--=--_------=_---=_-,---- 5o1,-56ozo vrzLzrzu^-o,mnr^zc a u o z m n z m n a u L v m C E v�oo --_-------~-=__=-__-__--_---_--=-__-----_~------_~-_-_----__--___-~--___----_----___--~~__---~~--~-~~~___-_--_-~--___-___ :61z n7`'o 000` Souvzcn a n s z r m z m c v ^ L ^ w r o o�nn ~_______~_~~~_-_~__-__-__--__-.~~~__-___~____--___~__~~____-_-~-~^_--___-___-_~____~__---°_-----------_-_-___-�__--- ' 5611-57410 ,wzwczpxL p^,mowr o s ^ z m m z m s o ^ ^ v m r o v�oo 10/02/18 10/03 362766 a"x nu zuouzo 17809 Jozoao^ xam pmr #37 Joo 029639 8,402.90 n'ooz.m zo/'v/zo zo/,o a62822 an^ oct 101018 17831 Jo29675 puuozoono/wozro p=roya ^oo 029675 s'avn�oo 14'083.:4 11-13-2018 10:42 AM DETAIL LISTING PAGE: 5 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Oct-2018 THRU Oct-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THOU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION- ----- VEND INV/JE # NOTE AMOUNT=--- ----BALANCE---- 10/15/18 10/16 B62898 Bnk Dft 101518 17854 JE29705 WB PKWY PMT #50 JE# 029705 12,394.18 26,477.72 10/22/18 10/26 863062 Bnk Dft 102218 17904 JE29781 JARRARD PROP #22 JE# 029781 2,146,40 28,624.12 10/22/18 10/26 863063 Bnk Dft 102218 17904 JE29782 BUCHANAHN PMT #50 JE# 029782 7,083.28 35,707.40 ,., ---.,,----,-- OCTOBER ACTIVITY DB: 35,707.40 CR: 0.00 35,707.40 11/02/18 11/07 063152 Bnk Dft 110218 17941 JE29836 K&M PYMT #38 JE# 029836 8,430.91 44,138.31 NOVEMBER ACTIVITY DR: 8,430.91 CR: 0.00 8,430.91 ACCOUNT TOTAL DB: 44,138.31 CR: 0.00 -------------------------------------------------________________---------------------------_____-_____________-------- 5611-57415 INTEREST EXPENSE BEGINNING BALANCE 0.00 10/02/18 10/03 862766 Bnk Oft 100218 17809 JE29639 K&M PMT #37 JE# 029639 342.35 342.35 10/10/18 10/10 B62822 Bnk Dft 101018 17831 JE29675 PEDDICORD/WHITE PMT#46 JE# 029675 1,701,81 2,044.16 10/15/18 10/16 862898 Bnk Dft 101518 17854 3E29705 WB PKWY PMT #50 JE# 029705 873.75 2,917.91 10/22/18 10/26 B63061 Bnk Dft 102218 17904 JE29780 DALLAS WHIRIPL PMT #23 JE# 029780 6,666.67 9,584.58 10/22/18 10/26 863062 Bnk Dft 102218 17904 JE29781 JARRARD PROP #22 JE# 029781 962.75 10,547.33 10/22/18 10/26 B63063 Bnk Dft 102218 17904 3E29782 BUCHANAHN PMT #50 JE# 029782 248.67 10,796.00 OCTOBER ACTIVITY DB: 10,796.00 CR: 0.00 10,796.00 11/02/18 11/07 063152 Bnk Dft 110218 17941 JE29836 K&M PYMT #38 JE# 029836 314.34 11,110.34 ',.--,...,.. - NOVEMBER ACTIVITY DB: 314.34 CR: 0.00 314.34 ACCOUNT TOTAL DB: 11,110.34 CR: 0.00 5611-57710 BAD DEBT EXPENSE BEGINNING BALANCE 0.00 -------------------------------___________________-------------------------___________-----------__________-________________-__ 5611-58110 LAND-PURCRASE PRICE BEGINNING BALANCE 0.00 10/11/18 10/11 A27043 DFT: 000676 04371 EARNEST - WEATHERFORD 005173 3MEBS 100918 10,000.00 10,000.00 OCTOBER ACTIVITY OB: 10,000.00 CR: 0.00 10,000.00 11/06/18 11/06 A29076 CHK: 100083 05150 EARNEST- 102 BIRMINGHAM 003164 110618 EARNEST 5,000.00 15,000.00 --------,- ,--- NOVEMBER ACTIVITY DB: 5,000.00 CR: 0.00 5,000.00 ACCOUNT TOTAL DB: 15,000.00 CR: 0.00 -----------------__________-------------------_-_--------------------------------------------------------------------------------- 5611-58120 DEVELOPMENT FEES BEGINNING BALANCE 0.00 11-13-2018 zo.xz ma o o r x z L L z a r r m s PAGE: a znmn 111-WYLIE ocomomzc ouvEL CORP eoazoo co USE: Oct-201e raRn Oct-201e cmrr 611 oovmzopmomc conr-xmmz ACCOUNTS. 5611-52010 caRn 5611-58910 poar DATE rRAN : REFERENCE PACKET DEuonrerzom VEND zmv/JE NOTE ---AMnnmT~=== ------------------------------------------------------------------------------------------_-_~---~_~-~_-_-__---__--_-_-_____-_ 5*11-58150 LAmo-amrroRMEmra B o o r u m z m s a u c a m c o o�no -__~~___-°____~_~_~~___=--_-__~_---_~^-~~-=~__-~____~__^~~_--_____--_-_ -___°-_____~__=_==-=--__~_-__~__-___---_--_--_---- no1z-sauzo ornEEro & aLLous o o c z m m z m m a A L x m o o o�oo --__----_--------_-----_-__.--_--_--_----------_-----_r-__---_-_--__~--=-_----__--=---_------------~----_.---~-~------_----_ s61z-ou«10 n^mrTaax eowmm o o s z m m z m s a n L a m c E o�un _-_=_____--~-~--__~_.,___--_-_-______ ~ _-_--~- aoz1-euazo oomPnrom oAmmsurzmA"E a o s z m m z m s n a L u m o E o�un ____~__~-__~~-_~~=--____--____~__-_-____--~_~__-~_-_-_------~-_----~ ___-~~~_-_---_-_--__-----__-_----_-__�- ss1z-saoso rnamIr000 & rzxcomEe B E s z m u z m a u A L a m c a o�uu -------------------�-----------------------_-_------_-___~---_~---__-_--_--_-`--_____-_-_-_---_~ ___--___-~______~_____-___~ 5a11-ooezo mUzznzmco a o a z m m r m o a A L a m c a u�no oou Emaoao IN THIS aoeorr! °^ aopomr TOTALS °° -- omozra -- -- c000zra --- omszmmzms BALANCES. 0.00 oluo mmcomrEo anrzvzrx� 128,472�62 oox.sxCr omormu o^LAmoon. 128'472.62 8e2.5400 rnrAz romo omozmo a^LAmoo. 127,590.08 Wylie Economic Development Corporation Balance Sheet Sub Ledger October 31, 2018 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance October 1, 2018 3,326,995.15 ANBTX-88130976 WOODBRIDGE PKWY (#50 of 80) 8/15/14 13,267.93 402,174.96 12,394.18 873.75 2.61 389,780.78 ANBTX-88148481 BUCHANAN(#50 of 60) 8/13/14 7,331.95 79,151.81 7,083.28 248.67 3.77 72,068.53 ANBTX-88149711 PEDDICORD/WHITE(#46 OF 60) 12/12/14 7,382.45 486,231.38 5,680.64 1,701.81 4.20 480,550.74 ANBTX-88158043 K&M/HOBART(#37 of 48) 9/2/15 8,745.25 102,704.41 8,402.90 342.35 4.00 94,301.51 ANBTX-88158357 DALLAS WHIRLPOOL(#23 of 60) 11/22/16 varies 2,000,000.00 0.00 6,666.67 4.00 2,000,000.00 JARRARD GRAYS AUTO(#22 OF 120) 12/1/16 3,109.15 256,732.59 2,146.40 962.75 4.50 254,586.19 October 31, 2018 $35,707.40 $10,796.00 3,291,287.75 Wylie Economic Development Corporation Inventory Subledger October 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 Cooper Dr. 0.95 n/a 29,056 $1,312,672 Industrial Ct. Ind Ct-Hwy 78 7/06-4/16 Ind Ct-Hwy 78 1.45 n/a 924,486 Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 1,224,979 Regency Recency 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 Sep-18 Oct-18 Nov-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 8/24/18 9/26/18 10/29/18 Wheels Unlimited 15th 1/16/18 2/16/18 3/18/18 4/16/18 5/15/18 6/15/18 7/16/18 8/16/18 9/14/18 10/17/18 11/5/18 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 9/17/18 10/8/18 11/8/18 Dennis Richmond 1st 1/7/18 2/5/18 3/5/18 4/3/18 5/4/18 6/1/18 7/16/18 8/6/18 9/10/18 10/16/18 11/5/18 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 8/31/18 9/14/18 10/18/18 11/14/18 Austin/Said LLC 1st 1/12/17 2/20/18 3/13/18 ' 4/11/18 5/10/18i 6/15/18 7/3/18 8/31/18 9/14/18 10/18/18 11/14/18 DCU 1st 12/27/17 2/1/18 3/1/18 4/5/18 5/1/18 7/9/18 8/24/18 10/10/18 10/10/18 10/10/18 Wylie Northeast 1st 4/30/18 6/5/18 7/3/18 8/2/18 9/5/18' 10/3/18~ 11/5/18 (*)Austin/Said LLC-March 2017 payment for 605 Commerce waived due to environmental remediation,removal of slab section,and roll-off dumpsters impeding access. WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report September 2018 I - DATE PAYEE AMOUNT PURPOSE INDIVIDUAL/GROUPS PRESENT 09/12/18 Woodbridge Golf Club 10.64 Care Center Event Satterwhite, Brokaw 09/17/18 All American Cab 50.00 KCS Conf. Taxi Satterwhite 09/17/18 Chilis 17.83 KCS Conf, Meal Satterwhite 09/17/18 Tiffany Greens Golf Club 166.06 KCS Conf. Bus Event Satterwhite, Carucci 09/19/18 MCI Kansas City 53.81 KCS Conf. Meal Satterwhite, Greiner 09/28/18 Fish City Grill 64.24 Bus Mtg 544 Med. Project 10/02/18 Cytracom 177.90 Telephone Service n/a 10/04/18 Meteor Burger 15.67 Business Mtg Satterwhite, Edge(2) TOTAL 556.15 WEDC Assistant Director JPMorgan Chase Expense Report 2018 September 2018 DATE VENDOR PURPOSE AMOUNT 9/7/18 Akula Sushi Bus. Mtg - KBD Group 37.28 9/18.18 Antons KCS Conference- Meal 15.89 9/18/18 News Stand KCS Conference-Water 5.49 9/18/18 Uber KCS Conference-Transportation (3) 67.96 9/20/18 Courtyard by Marriott KCS Conference- Hotel 253.52 Total 380.14 WEDC Senior Assistant JPMorgan Chase Expense Report September 2018 DATE VENDOR PURPOSE AMOUNT 9/5/18 TEDC Sales Tax Training- 2 350.00 9/20/18 American Association of Notary Notary Renewal 91.94 9/25/18 Walmart WEDC Board Meeting Meal 4.98 9/26/18 Chick-Fil-A WEDC Board Meeting Meal 52.65 9/28/18 Home Depot Keys- Kirby Bldg 7.88 10/3/18 USPS Certified Mail-CT Corp 6.70 10/3/18 Chills Bus Mtg. -Waxler 24.28 10/3/18 Chiloso CTE Luncheon 497.95 9/4/18 Walmart Mfg. Day Drinks 31.35 Total 1,067.73' WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF NOVEMBER 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 197,339 210,974 213,426 2,452 1.16% OCTOBER 201,506 195,549 210,702 15,153 7.75% NOVEMBER 270,426 267,816 273,197 5,380 2.01% Sub-Total $2,481,757 $2,627,376 $2,562,759 -$64,617 -2.46% AUDIT ADJ TOTAL $2,481,757 $2,627,376 $2,562,759 -$64,617 -2.46% WEDC SALES TAX ANALYSIS $300,000 , $250,000 1 �mm - w $200,000 .. LOO'OOO w .=r.- 1 n IL i II I 1 l' 11 I 1 11 1 $50,000 .. __ �a. 1 1 l $0 1 _ a� S Z m c ui � � � E = 2 m Q 2 2 m E 2 E m % . a) ti a)U a)a ' LL O Z ylie cono ic I evelop ent Corporation E ORA DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Direct() (0/, 7,7 SUBJECT: Birmingham Real Estate Contract DATE: November 18, 2018 Issue Consider and act upon issues surrounding a Commercial Contract between the WEDC and FFA Village, LLC for the purchase of property located at 102 N. Birmingham Street. Analysis As directed by the Board in Executive Session, the WEDC entered into a Commercial Contract with FFA Village, LLC on November 5, 2018 for the purchase of property located at 102 N. Birmingham Street in Wylie, Texas for$99,000. The feasibility period for the contract expires on December 5, 2018. The Contract requires Seller to provide the existing tenant with a 30-day notice at the end of the feasibility period to vacate the property. The contract further states that closing shall occur 7 days following expiration of the feasibility period or when property is vacant, whichever is later. If within 90 days of the execution of the contract Seller is unable to remove tenant,the contract will terminate, and Buyer will not incur any fees or penalties with all earnest money being refunded to Buyer. Recommendation Staff recommends that the WEDC Board of Directors ratify the Real Estate Sales Contract, and further authorize WEDC President Bryan Brokaw to execute all documents necessary to effectuate the purchase of property located at 102 N. Birmingham Street. Attachments Commercial Contract TEXAS ASSOCIATION OF REALTORS® COMMERCIAL CONTRACT - IMPROVED PROPERTY USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORSO IS NOT AUTHORIZED. OTesse Aseeeladon at RFALTORSO,Ins.2018 1. PARTIES: Seller agrees to sell and convey to Buyer the Property descr ed in Paragraph 2. Buyer agrees to buy the Property from Seller for the sales price stated in Paragra 'es to this contract are: Seller: FFA Village LLC Addre # 1- - al 0 0 ; s 3 Phone: E-mail: - 5 Fax: Other: 04-094-itA -V( 1e7i4 Buyer: Wylie Economic Development Corporation Address:250 S.Hwy 78 Wylie TX 7508 A Phone:1972)442-3387 E-mail:satn.shylleadc.corn Fax: Other: 2. PROPERTY: A. "Property" means that real property situated in Collin County, Texas at 102 N.Birmingham St. Wylie Texas 75098 (address) and that is legally described on the attached Exhibit or as follows: Keller's First Addition Block 2 Lot T B. Seller will sell and convey the Property together with: (1) all buildings, improvements, and fixtures; (2) all rights, privileges, and appurtenances pertaining to the Property, including Seller's right, title, and interest in any minerals, utilities,adjacent streets, alleys,strips, gores,and rights-of-way; (3) Seller's interest in all leases, rents,and security deposits for all or part of the Property; (4) Seller's interest in all licenses and permits related to the Property; (5) Seller's interest in all third party warranties or guaranties, if transferable, relating to the Property or any fixtures; (6) Seller's interest in any trade names, if transferable,used in connection with the Property;and (7) all Seller's tangible personal property located on the Property that is used in connection with the Property's operations except Any personal property not included in the sale must be removed by Seller prior to dosing. (Describe any exceptions, reservations, or restrictions in Paragraph 12 or an addendum.) (If mineral rights are to be reserved an appropriate addendum should be attached.) (If the Properly is a condominium, attach Commercial Contract Condominium Addendum (TAR-1930) or (TAR-1946).) 3. SALES PRICE:At or before closing, Buyer will pay the following sales price for the Property: A. Cash portion payable by Buyer at closing. — $ 99I 000A 00 B. Sum of all financing described in Paragraph 4..... . . $ C. Sales price(sum of 3A and 3B) ......... $ 99;000.00 (TAR-1801)4-1-18 Initialed for Identification by Seller r arid Buyer Page 1 of 14 Naha id Woe,rar.P.O.Bee 307 Wye*TX 750.111 Phone:(972041-1404 Fax t02 N litradoiNm Nam Atkint Produced with oto,feente by*Loge 18070 Fifteen Mee Rost Fraser.Michigan 48023 102 N.Birmingham St. Wylie Texas 760118 Commercial Contract-Improved Property concerning 4. FINANCING: Buyer will finance the portion of the sales price under Paragraph 3B as follows: ❑ A. Third Party Financing: One or more third party loans in the total amount of$ .This contract: (1) is IIQt contingent upon Buyer obtaining third party financing. — - (2) is contingent upon Buyer obtaining third party financing in accordance with the attached Commercial Contract Financing Addendum (TAR-1931). ❑ B. Assumption: In accordance with the attached Commercial Contract Financing Addendum (TAR-1931), Buyer will assume the existing promissory note secured by the Property, which balance at closing will be$ ❑ C. Seller Financing: The delivery of a promissory note and deed of trust from Buyer to Seller under the terms of the attached Commercial Contract Financing Addendum (TAR-1931) in the amount of $ . 5. EARNEST MONEY: A. Not later than 3 days after the effective date, Buyer must deposit$ $5,000.00 as earnest money with Lawyers Title Wylie (title company) at 250 S.Hwy 78 Wylier TX 75098 (address) Catherine Ginn (closer). If Buyer fails to timely deposit the earnest money, Seller may terminate this contract or exercise any of Seller's other remedies under Paragraph 15 by providing written notice to Buyer before Buyer deposits the earnest money. B. Buyer will deposit an additional amount of$ with the title company to be made �aart of the earnest money on or before: (i) days after Buyer's right to terminate under Paragraph 7B expires;or (ii) Buyer will be in default if Buyer fails to deposit the additional amount required by this Paragraph 5B within 3 days after Seller notifies Buyer that Buyer has not timely deposited the additional amount. C. Buyer may instruct the title company to deposit the earnest money in an interest-bearing account at a federally insured financial institution and to credit any interest to Buyer. 6. TITLE POLICY,SURVEY,AND UCC SEARCH: A. title Policy: (1) Seller, at Seller's expense, will furnish Buyer an Owner's Policy of Title Insurance (the title policy) issued by any underwriter of the title company in the amount of the sales price, dated at or after closing,insuring Buyer against loss under the title policy,subject only to: (a) those title exceptions permitted by this contract or as may be approved by Buyer in writing;and (b) the standard printed exceptions contained in the promulgated form of title policy unless this contract provides otherwise. (2) The standard printed exception as to discrepancies, conflicts, or shortages in area and boundary lines,or any encroachments or protrusions,or any overlapping improvements: (a)will not be amended or deleted from the title policy. X (b)will be amended to read"shortages in areas"at the expense of ❑Buyer ®Seller. (3) Within 21 days after the effective date, Seller will furnish Buyer a commitment for title insurance (the commitment) including legible copies of recorded documents evidencing title exceptions. Seiler authorizes the title company to deliver the commitment and related documents to Buyer at Buyer's address. (TAR-18o1)41-18 Initiated for identification:�.. by Seller and Buy Page 2 of 14 Produced reddi Ip'cm 'by2idr.yl 160 0FtitMn Road,haw Id...n 4:5#A#. ...A9,,.. 102 N Commercial Contract-Improved Property concerning 102 N.airmingham St. Wylie Texas 75998 B. Survey:Within 5 days after the effective date: O (1) Buyer will obtain a survey of the Property at Buyer's expense and deliver a copy of the survey to Seller. The survey must be made in accordance with the: (i) ALTA/NSPS Land Title Survey standards, or (ii) Texas Society of Professional Surveyors' standards for a Category 1A survey under the appropriate condition. Seller will reimburse Buyer (insert amount)of the cost of the survey at closing, if closing occurs. ❑ (2) Seller, at Seller's expense, will furnish Buyer a survey of the Property dated after the effective date. The survey must be made in accordance with the: (i) ALTAINSPS Land Title Survey standards, or (ii) Texas Society of Professional Surveyors' standards for a Category 1A survey under the appropriate condition. Air ® (3) Seller will deliver to Buyer and the title company a true and correct copy of Seller's most recent survey of the Property along with an affidavit required by the title company for approval of the '// existing starve . I he existing survey is not acceptable to the title company, ❑ Seller ® Buyer np up a mg party), will, at the updating party's expense, obtain a new or updated survey acceptable sucve�/ to the title company and deliver the acceptable survey to the other party and the title company eX►St/ or within 30 days after the title company notifies the parties that the existing survey is not acceptable to the title company. The closing date will be extended daily up to 30 days if necessary for the updating party to deliver an acceptable survey within the time required. The other party will reimburse the updating party a% (insert amount or percentage) of the cost of the new or updated survey at closing, if closing occurs. C. UCC Search: ❑ (1)Within days after the effective date, Seller, at Seller's expense, will furnish Buyer a Uniform Commercial Code (UCC)search prepared by a reporting service and dated after the effective date. The search must identify documents that are on file with the Texas Secretary of State and the county where the Property is located that relate to all personal property on the Property and show, as debtor, Seller and all other owners of the personal property in the last 5 years. ® (2) Buyer does not require Seller to furnish a UCC search. D. Buyer's Objections to ttie Commitment.Survey.and UCC Search: (1) Within 5 days after Buyer receives the last of the commitment, copies of the documents evidencing the title exceptions, any required survey, and any required UCC search, Buyer may object to matters disclosed in the items if: (a) the matters disclosed are a restriction upon the Property or constitute a defect or encumbrance to title to the real or personal property described in Paragraph 2 other than those permitted by this contract or liens that Seller will satisfy at closing or Buyer will assume at closing; or(b) the items show that any part of the Property lies in a special flood hazard area (an "A" or"V"zone as defined by FEMA). If the commitment or survey is revised or any new document evidencing a title exception is delivered, Buyer may object to any new matter revealed in such revision or new document. Buyer's objection must be made within the same number of days stated in this paragraph, beginning when the revision or new document is delivered to Buyer. if Paragraph 6B(1) applies, Buyer is deemed to receive the survey on the earlier of: (i)the date Buyer'actually receives the survey;or(ii)the deadline specified in Paragraph 6B. (2) Seller may, but Is not obligated to, cure Buyer's timely objections within 15 days after Seller receives the objections. The closing date will be extended as necessary to provide such time to cure the objections. If Seller fails to cure the objections by the time required, Buyer may terminate this contract by providing written notice to Seller within 5 days after the time by which Seller must cure the objections. If Buyer terminates, the earnest money, less any independent consideration under Paragraph 7B(1),will be refunded to Buy/err. (TAR-1801)4-1-18 • Initialed for Identification by Seller and Buyer,. Page 3 of 14 Produced wOh ofpFomi by ztpLoglx 18070 Faison Wee Road.Fraser.Yldigan 48026 r,4:.• ,..k„o.:.. 102 N Commercial Contract-Improved Property concerning 102 N.Birmingham St. Wylie Text 75098 (3) Buyer's failure to timely object or terminate under this Paragraph 6D is a waiver of Buyer's right to object except that Buyer will not waive the requirements in Schedule C of the commitment. 7. PROPERTY CONDITION: A. Present Qondi*on: Buyer accepts the Property in its present condition except that Seller, at Seller's expense, will complete the following before closing: B. feasibility Period: Buyer may terminate this contract for any reason within . . days after t effective date (feasibility period)by providing Seller written notice of termination. (1)Independent Consideration. (Check only one box and insert amounts.) ® (a) If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer less $ 500.00 that Seller will retain as independent consideration for Buyer's unrestricted right to terminate. Buyer has tendered the independent consideration to Seller • upon payment of the amount specified in Paragraph 5A to the title company. The independent consideration is to be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paragraph 7B(1) or if Buyer falls to deposit the earnest money, Buyer will not have the right to terminato under this Paragraph 7E3. ❑ (b) Not later than 3 days after the effective date, Buyer must pay Seller$ as independent consideration for Buyer's right to terminate by tendering such amount to Seller or Seller's agent. If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer and Seller will retain the independent consideration. The independent consideration will be credited to the sales price only upon closing of the sale.jf no dollar amount is stat in this Paragraph 7B(2)or If B yer fails to pay the Independent consideration. Buyer will not have the right to terminate under this Paragraph 7B (2)Feasibility Period Extension: Prior to the expiration of the initial feasibility period, Buyer may extend the feasibility period for a single period of an additional days by depositing additional earnest money in the amount of$ with the title company.jf no dollar; amount is stated in this Paragraph or if Buyer falls to timely de••- the additional earnest money. the extension of the feasibility period will not be effective. C. Inspections. Studies. or A A sments: (1) During the feasibility period, Buyer, at Buyer's expense, may complete or cause to be completed any and all inspections, studies, or assessments of the Property (including all improvements and fixtures)desired by Buyer. (2) Seller, at Seller's expense, will turn on all utilities necessary for Buyer to make inspections, studies, or assessments. (3) Buyer must: (a) employ only trained and qualified inspectors and assessors; (b) notify Seller,in advance, of when the inspectors or assessors will be on the Property; (c) abide by any reasonable entry rules or requirements of Seller; (d) not interfere with existing operations or occupants of the Property;and (e) restore the Property to its original condition if altered due to inspections, studies, or assessments that Buyer completes or causes to be completed. (4) Except for those matters that arise from the negligence of Seller or Seller's agents, Buyer is responsible for any claim, liability, encumbrance, cause of action, and expense resulting from (TAR-1801)4-1-18 Initialed for Identification by Seller (1 1R and Buyer,, Page 4 of 14 Produced with ztpFon80 by bplagec 16070 Fifteen Mile Road,Flew.Mltldgen 4602E 102 N Commercial Contract-Improved Property concerning 102 N.Birmingham St, Wylie Texas 7p090 Buyer's inspections, studies, or assessments, including any property damage or personal injury. Buyer will indemnify, hold harmless, and defend Seller and Seller's agents against any claim involving a matter for which Buyer is responsible under this paragraph. This paragraph survives termination of this contract. / D. Property information: (1) Pelivery of Property InfQrnlatiort Within 5 days after the effective date, Seller will deliver to Buyer: (Check all that apply.) - (a) a current rent roll of all leases affecting the Property certified by Seller as true and correct; x' (b ies of all current ses including any mineral leases, pertaining to the Property, including J any mo r Ica ions, supplements, or amendments to the leases; t ❑ (c) a current inventory of all personal property to be conveyed under this contract and copies of �� any leases for such personal,property; ' ❑ (d) copies of all notes and deeds of trust against the Property that Buyer will assume or that Seller will not pay in full on or before closing; ❑ (e) copies of all current service, utility, maintenance, and management agreements relating to the I, ii t ii ownership and operation of the Property; — (f) copies of current utility capacity letters from the Property's water and sewer service provider; l ^ (g) copies of all current warranties and guaranties relating to all or part of the Property; (h) copies of fire, hazard, liability, and other insurance policies that currently relate to the Property; (i) copies of all leasing or commission agreements that currently relate to the tenants of all or part of the Property; Ida) a copy of the"as-built"plans and specifications and plat of the Property; (k) copies of all invoices for utilities and repairs incurred by Seller for the Property in the 24 months immediately preceding the effective date; O (I) a copy of Seller's income and expense statement for the Property from to , ® (m)copies of all previous environmental assessments, geotechnical reports, studies, or analyses made on or relating to the Property; - (n) real and personal property tax statements for the Property for the previous 2 calendar years; _' (o) Tenant reconciliation statements including, operating expenses, insurance and taxes for the Property from to a• and ❑ (p) (2) Return of Property Information: If this contract terminates far any reason, Buyer will, not later than 10 days after the termination date:(Check all that apply.) ® (a) return to Seller all those items described in Paragraph 7D(1) that Seller delivered to Buyer in other than an electronic format and all copies that Buyer made of those items; ® (b) delete or destroy all electronic versions of those items described in Paragraph 7D(1)that Seller delivered to Buyer or Buyer copied in any format;and ® (c) deliver to Seller copies of all inspection and assessment reports related to the Property that Buyer completed or caused to be completed. This Paragraph 7D(2)survives termination of this contract. E. Contracts Aff:r'ng Operations: Until dosing, Seller. (1)will operate the Property in the same manner as on the effective date under reasonably prudent business standards; and (2) will not transfer or dispose of any part of the Property, any interest or right in the Property, or any of the personal property or other items described in Paragraph 2B or sold under this contract. After the feasibility period ends, Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property without Buyer's written approval. Gy (TAR-1801)4-1-18 Ae Initialed for Identification by Sellers} and Buye , Page 5 of 14 Produced vdth zipFanne by zlpLagbi 18070 Fifteen Mb Naafi Frauar. .err.• 4.+•,: LOZ N Commercial Contract-Improved Property concerning 102-N.,Birmingham St. Wylie T-xas 76098 8. LEASES: A. Each written lease Seller is to assign to Buyer under this contract must be in full force and effect according to its terms. Seller may not enter into any new lease, fail to comply with any existing lease, or make any amendment or modification to any existing lease without Buyer's written consent. Seller must disclose, in writing, if any of the following exist at the time Seller provides the leases to the Buyer or subsequently occur before closing: (1) any failure by Seller to comply with Seller's obligations under the leases; (2) any circumstances under any lease that entitle the tenant to terminate the lease or seek any offsets or damages; (3) any non-occupancy of the leased premises by a tenant; (4) any advance sums paid by a tenant under any lease; (5) any concessions, bonuses,free rents, rebates, brokerage commissions, or other matters that affect any lease;and (6) any amounts payable under the leases that have been assigned or encumbered, except as security for loan(s)assumed or taken subject to under this contract. B. Estotoel Certift t Within days after the effective date, Seller will deliver to Buyer estoppel certificates signed not earlier than by each tenant that leases space in the Property. The estoppel certificates must include the certifications contained in the current version of TAR Form 1938 - Commercial Tenant Estoppel Certificate and any additional information requested by a third party lender providing financing under Paragraph 4 if the third party lender requests such additional information at least 10 days prior to the earliest date that Seller may deliver the signed estoppel certificates. 9. BROKERS: A. The brokers to this sale are: Principal Broker,Gilchrist 6,Co Cooperating Broker: Richard Parker Real Estate Agent Torn Gilchrist Agent Dawn Atkins Address:8144 Walnut Hill Lane Suite 1195 Address: ,PO Box 307 Dallas,Tx 76231 wtrlie.Texas 76098 Phone&Fax:J214)707-8043 Phone& Fax: J972)841-1404 E-mail: tomtigglich r, r ompanv.com E-mal: dawn affdn= fve.corn License No.:0-s License Nos:0884475 Principal Broker: (Check only one box) Cooperating Broker represents Buyer. represents Seller only. represents Buyer only., is an intermediary between Seller and Buyer. B. Ems: (Check only(1)or(2)below.) (Complete the Agreement Between Brokers on page 14 only if(1)is selected) ® (1) Seller will pay Principal Broker the fee specified by separate written commission agreement between Principal Broker and Seller. Principal Broker will pay Cooperating Broker the fee specified in the Agreement Between Brokers found below the parties'signatures to this contract. ❑ (2) At the closing of this sale, Seller will pay: (TAR-1801)4-1-18 Initialed for Identification by Seller and Buyep!l Page 6 of 14 Produced with zlpFmna b/bpLogix 18070 Fithian Mite Road Fraser.MGdigan 48828 102 01 Commercial Contract-Improved Property concerning 102 N.Birmingham St. Wylie Texas 7 Principal Broker a total cash fee of: Cooperating Broker a total cash fee of: %of the sales price. `; % of the sales price. The cash fees will be paid in C€tllin County, Texas. Seller authorizes the title company to pay the brokers from the Seller's proceeds at closing. NOTICE: Chapter 62, Texas Property Code, authorizes a broker to secure an earned commission with a lien against the Property. C. The parties may not amend this Paragraph 9 without the written consent of the brokers affected by the amendment. F .,- 10.CLOSING: A. The date of the closing of the sale (closing date)will be on or before the later of: l ,;, t (1) if days after the expiration of the feasibility period Qrs 4 e v,�o f er 1: 1,‘ V4-(-4n (specific date). — (2) 7 days after objections made under Paragraph 6D have been cured or waived. B. If either party fails to close by the closing date, the non-defaulting party may exercise the remedies in Paragraph 15. C. At closing, Seller will execute and deliver to Buyer, at Seller's expense, a ®general['special warranty deed. The deed must include a vendor's lien if any part of the sales price is financed. The deed must convey good and indefeasible title to the Property and show no exceptions other than those permitted under Paragraph 6 or other provisions of this contract.Seller must convey the Property: (1) with no liens, assessments, or Uniform Commercial Code or other security interests against the Property which will not be satisfied out of the sales price, unless securing loans Buyer assumes; (2) without any assumed loans in default; and (3) with no persons in possession of any part of the Property as lessees, tenants at sufferance, or trespassers except tenants under the written leases assigned to Buyer under this contract. D. At closing, Seller,at Seller's expense,will also deliver to Buyer: (1) tax statements showing no delinquent taxes on the Property; (2) a bill of sale with warranties to title conveying title, free and clear of all liens, to any personal property defined as part of the Property in Paragraph 2 or sold under this contract; (3) an assignment of all leases to or on the Property; (4) to the extent that the following items are assignable, an assignment to Buyer of the following items as they relate to the Property or its operations: (a) licenses and permits; (b) service,utility, maintenance, management, and other contracts; and (c) warranties and guaranties; (5) a rent roll current on the day of the closing certified by Seller as true and correct; (6) evidence that the person executing this contract is legally capable and authorized to bind Seller, (7) an affidavit acceptable to the title company stating that Seller is not a foreign person or, if Seller is a foreign person, a written authorization for the title company to: (i)withhold from Seller's proceeds an amount sufficient to comply with applicable tax law; and (ii) deliver the amount to the Internal Revenue Service together with appropriate tax forms;and (8) any notices, statements, certificates, affidavits, releases, and other documents required by this contract, the commitment, or law necessary for the closing of the sale and the issuance of the title policy, all of which must be completed and executed by Seller as necessary. E. At closing, Buyer will: (1) pay the sales price in good funds acceptable to he title company; (TAR-1801)4-1-18 Initialed for Identification by Seller and Buyer -' , Page 7 of 14 P.od,*d*Oh e Fenne by; a&1$fl70 Mew xae R Freae%hl •, 48328 .... n. ,, ..., 102 N Commercial Contract-Improved Property concerning 10 N.SInelinghern St. Wylie Texas 760$11 (2) deliver evidence that the person executing this contract is legally capable and authorized to bind Buyer, (3) sign and send to each tenant in the Property a written statement that: (a) acknowledges Buyer has received and is responsible for the tenant's security deposit;and (b) specifies the exact dollar amount of the security deposit; (4) sign an assumption of all leases then in effect; and (5) execute and deliver any notices, statements, certificates, or other documents required by this contract or law necessary to close the sale. F. Unless the parties agree otherwise, the closing documents will be as found in the basic forms in the current edition of the State Bar of Texas Real Estate Forms Manual without any additional clauses. 11.POSSESSION: Seller will deliver possession of the Property to Buyer upon closing and funding of this sale in its present condition with any repairs Seller is obligated to complete under this contract, ordinary wear and tear excepted. Any possession by Buyer before closing or by Seller after closing that is not authorized by a separate written lease agreement is a landlord-tenant at sufferance relationship between the parties. 12.SPECIAL PROVISIONS: The following special provisions apply and will control in the event of a conflict with other provisions of this contract. (If special provisions are contained in an Addendum, identify the Addendum here and reference the Addendum in Paragraph 22D.) 44,- Tenant will be vacated from the property no later than 48 hours prior to closing as confirmed In person by Buyer. _,_ - •It ii.v e --/ActriT , tx). i 3 0 eta Aptice -I—,- moVe on4- e- .,0NA —0* ..li,p_ ..crAt_s;loi ;4-) eer 04 jor eitr tie tr i.t2 _Aner i f • 4 .10.1 4.1 v4 .=,Q B a 5 el A e Art ter are. 'IriP etlt -, g I I per* . viler ,oe flei i _eel, e 44er .i.42... D .tite. ets.:14:1;41 teritivi 46 4 veke.xitin, or*. -Tenant _ _*,(er :10,4,tos04er Attic, iven64 [ / 6e- al[ tx.), D 0)e A. +0 reta:411 I of .7142._ eAriAes+ re,.... -4,, .. etAin- , s - If within 'il days a- execution of contract"the seller is unable to 13.SALES EXPENSES: re ove tenant, this contract will terminate and buyer will not incur any A. Seller's Expenses: Seller will pay for the following at or before closing: fees included within Section 7B1 (1) rel:.ses of existing liens, other than those liens assumed by Buyer, including prepayment penalties and recording tees; (,, (2) release of Seller's loan I',bility, if applicable; (3) tax statements or certificates; (4) preparation of the deed and any bill of sale; (5) one-half of any escrow fee; (6) costs to record any documents to cure title objections that Seller must cure; and (7) other expenses that Seller will pay under other provisions of this contract. B. fluyer's Expenses: Buyer will pay for the following at or before closing: (1) all loan expenses and fees; (2) preparation fees of any deed of trust; (3) recording fees for the deed and any deed of trust; (4) premiums for flood and hazard insurance as may be required by Buyer's lender; (5) one-half of any escrow fee;and (6) other expenses that Buyer will pay under other provisions of this contract. 14.PROBATIONS: A. proratjonq: (1) Interest on any assumed loan, taxes, rents, and any expense reimbursements from tenants will be prorated through the closing date. , ,,, , (TAR-1801)4-1-18 Initialed for identification by Seiler 0 and Buy '',/ Page 8 of 14 . Produced oft Wand)try zIpLogFe 10070 Remo We Road.Fraser,if ictergan 48026 ., .. ... ..,. .02 tr • Commercial Contract-Improved Property concerning 102 N.Sirmine hem St. Wylie Texas 7509$ (2) If the amount of ad valorem taxes for the year in which the sale closes is not available on the closing date, taxes will be prorated on the basis of taxes assessed in the previous year. If the taxes for the year in which the sale closes vary from the amount prorated at closing, the parties will adjust the prorations when the tax statements for the year in which the sale closes become available.This Paragraph 14A(2)survives closing. (3) If Buyer assumes a loan or is taking the Property subject to an existing lien, Seller will transfer all reserve deposits held by the lender for the payment of taxes, insurance premiums, and other charges to Buyer at closing and Buyer will reimburse such amounts to Seller by an appropriate adjustment at closing. B. Rollback Taxes: If Seller's use or change in use of the Property before closing results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of Seller. If this sale or Buyer's use of the Property after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 14B survives closing. C. Bent and Security Deposits:At closing, Seller will tender to Buyer all security deposits and the following advance payments received by Seller for periods after closing: prepaid expenses, advance rental payments, and other advance payments paid by tenants. Rents prorated to one party but received by the other party will be remitted by the recipient to the party to whom it was prorated within 5 days after the rent is received.This Paragraph 14C survives closing. 15.DEFAULT: A. If Buyer fails to comply with this contract, Buyer is in default and Seller, as Seller's sole remedy(ies), may terminate this contract and receive the earnest money, as liquidated damages for Buyer's failure except for any damages resulting from Buyer's inspections, studies or assessments in accordance with Paragraph 7C(4)which Seller may pursue,or (Check if applicable) ❑ enforce specific performance,or seek such other relief as may be provided by law. B. If, without fault, Seller is unable within the time allowed to deliver the estoppel certificates,survey or the commitment, Buyer may: (1) terminate this contract and receive the earnest money, less any independent consideration under Paragraph 7B(1), as liquidated damages and as Buyer's sole remedy;or (2) extend the time for performance up to 15 days and the closing will be extended as necessary. C. Except as provided in Paragraph 15B, if Seller fails to comply with this contract, Seller is in default and Buyer may: (1) terminate this contract and receive the earnest money, less any independent consideration under Paragraph 7B(1), as liquidated damages and as Buyer's sole remedy;or (2) enforce specific performance,or seek such other relief as may be provided by law,or both. 16.CASUALTY LOSS AND CONDEMNATION: A. If any part of the Property is damaged or destroyed by fire or other casualty after the effective date, Seller must restore the Property to its previous condition as soon as reasonably possible and not later than the closing date. If,without fault,Seller is unable to do so, Buyer may: (1) terminate this contract and the earnest money, less any independent consideration under Paragraph 7B(1), will be refunded to Buyer, (2) extend the time for performance up to 15 days and closing will be extended as necessary;or (3) accept at closing: (i) the Property in its damaged condition; (li) an assignment of any insurance proceeds Seller is entitled to receive along with the insurer's consent to the assignment; and (iii) a credit to the sales price in the amount of any unpaid deductible under the policy for the loss. (TAR-1801)4-1-18 Initialed for Identification by Seller S T and Buyer 411P, Page 9 of 14 Produced with 2lpFormd by bpLoglz 18070 Fifteen Mile Road,Fraser.M eSpan 46035 ., 102 N Commercial Contract-Improved Property concerning 102 N.Birmingham_St. Wylie Texas T5098 (3) any environmental hazards or conditions that materially affect the Property; (4) whether the Property is or has been used for the storage or disposal of hazardous materials or toxic waste, a dump site or landfill,or any underground tanks or containers; (5) whether radon, urea-formaldehyde foam insulation, lead-based paint, toxic mold (to the extent that it adversely affects the health of ordinary occupants), or other /7 ,rrl pollutants or contaminants of any nature now exist or ever existed on the Property; .'/ (6) any wetlands, as defined by federal or state law or regulation, on the Property; (7) any threatened or endangered species or their habitat on the Property; (8) any present or past infestation of wood-destroying insects in the Property's improvements; (9) any contemplated material changes to the Property or surrounding area that would materially and detrimentally affect the ordinary use of the Property; (10)any material physical defects in the improvements on the Property; or (11)any condition on the Property that violates any law or ordinance. (Describe any exceptions to (1)-(11) in Paragraph 12 or an addendum.) 20.NOTICES: All notices between the parties under this contract must be in writing and are effective when hand-delivered, mailed by certified mail return receipt requested, or sent by facsimile transmission to the parties addresses or facsimile numbers stated in Paragraph 1. The parties will send copies of any notices to the broker representing the party to whom the notices are sent. A. Seller also consents to receive any notices by e-mail at Seller's e-mail address stated in Paragraph 1. X B. Buyer also consents to receive any notices by e-mail at Buyer's e-mail address stated in Paragraph 1. 21.DISPUTE RESOLUTION: The parties agree to negotiate in good faith in an effort to resolve any dispute related to this contract that may arise. If the dispute cannot be resolved by negotiation, the parties will submit the dispute to mediation before resorting to arbitration or litigation and will equally share the costs of a mutually acceptable mediator. This paragraph survives termination of this contract. This paragraph does not preclude a party from seeking equitable relief from a court of competent jurisdiction. 22.AGREEMENT OF THE PARTIES: A. This contract is binding on the parties, their heirs, executors, representatives, successors, and permitted assigns. This contract is to be construed in accordance with the laws of the State of Texas. If any term or condition of this contract shall be held to be invalid or unenforceable, the remainder of this contract shall not be affected thereby. B. This contract contains the entire agreement of the parties and may not be changed except in writing. C. If this contract is executed in a number of identical counterparts, each counterpart is an original and all counterparts,collectively, constitute one agreement. D. Addenda which are part of this contract are: (Check all that apply.) (1) Property Description Exhibit identified in Paragraph 2; (2) Commercial Contract Condominium Addendum(TAR-1930)or(TAR-1946); (3) Commercial Contract Financing Addendum(TAR-1931); X (4) Commercial Property Condition Statement(TAR-1408); (5) Commercial Contract Addendum for Special Provisions(TAR-1940); X (6) Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards(TAR-1906); (7) Notice to Purchaser of Real Property in a Water District(MUD); (8) Addendum for Coastal Area Property(TAR-1915); (9) Addendum for Property Located Seaward of the Gulf Intracoastal Waterway(TAR-1916); (10)Information About Brokerage Services(TAR-2501); and - (11)Information About Mineral Clauses in Contract Forms(TAR-2509);and (12), (TAR-1801)4-1-18 Initialed for Identification by Seller f, and Buyer Page 11 of 14 Produced with dpFarm5 by dplcgh 18070 Fdteen Ana Roed,Fraser,U thiQw , 10Z ff • Commercial Contract-Improved Property concerning 102 N.8trmingham,St Wylie Term 75096 (Note:Counsel for the Texas Association of REALTORS®(TAR)has determined that any of the foregoing addenda which are promulgated by the Texas Real Estate Commission(TREC)or published by TAR are appropriate for use with this form.) E. Buyer ®may ❑may not assign this contract. If Buyer assigns this contract, Buyer will be relieved of any future liability under this contract only if the assignee assumes, in writing, all of Buyer's obligations under this contract. 23.TIME: Time is of the essence in this contract. The parties require strict compliance with the times for performance. If the last day to perform under a provision of this contract falls on a Saturday, Sunday, or legal holiday, the time for performance is extended until the end of the next day which is not a Saturday, Sunday, or legal holiday. 24.EFFECTIVE DATE: The effective date of this contract for the purpose of performance of all obligations is the date the title company receipts this contract after all parties execute this contract. 25.ADDITIONAL NOTICES: A. Buyer should have an abstract covering the Property examined by an attorney of Buyer's selection, or Buyer should be furnished with or obtain a title policy. B. If the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 49, Texas Water Code, requires Seller to deliver and Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fees of the district before final execution of this contract. C. Notice Required by §13.257, Water Code: "The real property, described below, that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property.The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or before the execution of a binding contract for the purchase of the real property described in the notice or at closing of purchase of the real property."The real property is described in Paragraph 2 of this contract. D. If the Property adjoins or shares a common boundary with the tidally influenced submerged lands of the state, §33.135, Texas Natural Resources Code, requires a notice regarding coastal area property to be included as part of this contract(the Addendum for Coastal Area Property(TAR-1915)may be used). E. If the Property is located seaward of the Gulf Intracoastal Waterway, §61.025, Texas Natural Resources Code, requires a notice regarding the seaward location of the Property to be Included as part of this contract q(the Addendum for Property Located Seaward of the Gut'Intracoastal Waterway (TAR-1916) maybe used). F. If the Property is located outside the limits of a municipality, the Property may now or later be included in the extra-territorial jurisdiction (ETJ) of a municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and ETJ. To determine if the Property is located within a municipality's ETJ, Buyer should contact all municipalities located in the general proximity of the Property for further information. G. If apartments or other residential units are on the Property and the units were built before 1978,federal law requires a lead-based paint and hazard disclosure statement to be made part of this contract (the Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards (TAR-1906)may be used). (TAR-1801)4-1-18 Initialed for Identification by Seller T r f$ and Buyer;/ Page 12 of 14 Produced WAh Waged)by 2FpLoylx 18070 Mann Abe Reed.Frew.Michigan 40026 :: ..r,-y^+r l02 R Commercial Contract-Improved Property concerning 102 N.Birmingham St. Wylie Texas 75098 H. Section 1958.154, Occupations Code requires Seller to provide Buyer a copy of any mold remediation certificate issued for the Property during the 5 years preceding the date the Seller sells the Property. I. Brokers are not qualified to perform property inspections, surveys, engineering studies, environmental assessments, or inspections to determine compliance with zoning, governmental regulations, or laws. Buyer should seek experts to perform such services. Buyer should review local building codes, ordinances and other applicable laws to determine their effect on the Property. Selection of experts, inspectors, and repairmen is the responsibility of Buyer and not the brokers. Brokers are not qualified to determine the credit worthiness of the parties. J. NOTICE OF WATER LEVEL FLUCTUATIONS: If the Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundments normal operating level, Seller hereby notifies Buyer: "The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1)an entity lawfully exercising its right to use the water stored in the impoundment; or(2) drought or flood conditions." K. LICENSE HOLDER DISCLOSURE: Texas law requires a real estate license holder who is a party to a transaction or acting on behalf of a spouse, parent, child, business entity in which the license holder owns more than 10%, or a trust for which the license holder acts as a trustee or of which the license holder or the license holder's spouse, parent or child is a beneficiary, to notify the other party in writing before entering into a contract of sale. Disclose if applicable: 26.CONTRACT AS OFFER:The execution of this contract by the first party constitutes an offer to buy or sell —le the Property. Unless the other party accepts the offer by 5:00 p.m., in the time zone in which the Property is located,on November/2018 ,the offer will lapse and become null and void. S ��. i READ THIS CONTRACT CAREFULLY. The brokers and agents make no representation or / i recommendation as to the legal sufficiency, legal effect, or tax consequences of this document or transaction.CONSULT your attorney BEFORE signing. Seller: FFA Village 11C Buyer.Wylie Economic Development Corporation BY: d!,.. BY: sa es =Y(sfgna! •): a i r By(signature): Printed -me: ro'S _ Printed Name:Sam Satterwhite Title: 't ,. 11M.TJ Title:Director Of EDC By: By: By(signature): By(signature). Printed Name: Printed Name: Title: Title: (TAR-1801)4-1-18 Page 13 of 14 Produced with apFmne by sipL.ogis 18070 Moen MAo Road.Fraser,Middgan 40320 mom.OP nr er ... 10214 Commercial Contract-Improved Property concerning 10g N.Birmingham St. Wylie Texas 75088 AGREEMENT BETWEEN BROKERS (use only if Paragraph 9B(1)is effective) Principal Broker agrees to pay Richard Parker Real Estate (Cooperating Broker) a fee when the Principal Broker's fee is received.The fee to be paid to Cooperating Broker will be: $ , or X 3.000 % of the sales price, or % of the Principal Broker's fee. The title company is authorized and directed to pay Cooperating Broker from Principal Broker's fee at closing. This Agreement Between Brokers supersedes any prior offers and agreements for compensation between brokers. Principal Broker:Gilchrist&Co.-Tom Gilchrist Cooperating Broker:Richard Parker Real Estate-Dawn .� 1 Atkins fi B,' / By. /r I ATTORNEYS Sellers attorney: Buyer's attorney: Address: Address: Phone&Fax Phone&Fax E-mail: E-mail: Seller's attorney requests copies of documents, Buyer's attorney requests copies of documents, notices,and other information: notices, and other information: Rthe title company sends to Seller„ the title company sends to Buyer. Buyer sends to Seller. Seller sends to Buyer. ESCROW RECEIPT The title company acknowledges receipt of: A. the contract on this day (effective date); B. earnest money in the amount of$ in the form of on Title company: Address: By: Phone&Fax- Assigned file number(GF#): E-mail: — (TAR-1801)4-1-1 B Page 14 of 14 Produced with ZpFormA by zrpLobbt 18070 F0teen Mae Road,Fraser.Midagi 48026 ,°., a_<M.—.+r.. 102 N APPROVED BY THE TEXAS REAL ESTATE COMMISSION 10-10-11 ADDENDUM FOR SELLER'S DISCLOSURE OF INFORMATION EOM.MUSNO ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS orpoerwirt AS REQUIRED BY FEDERALAW ••• • 4 CONCERNING THE PROPERTY AT i/CVN At 8 t-1447A4R /Ac. 7.5 0 iv CS et Address and City) ) A. LEAD WARNING STATEMENT: "Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 Is notified that such property may present exposure to lead from lead- based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead- based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-paint hazards is recommended prior to purchase." NOTICE:Inspector must be properly certified as required by federal law. B. SELLER'S DISCLOSURE: 1. PRESENCE OF LEAD-BASED PAINT AND/OR LEAD-BASED PAINT HAZARDS(check one box bnly): 0 (a) Known lead-based paint and/or lead-based paint hazards are present in the Property(explain): has no actual knowledge of lead-based paint and/or lead-based paint hazards in the Property. . RECORDS AND REPORTS AVAILABLE TO SELLER(check one box only): 0 (a)Seller has provided the purchaser with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards in the Property(list documents): ......2.-1510er has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the Property. C. BUYER'S RIGHTS(check one box only): 1. Buyer waives the opportunity to conduct a risk assessment or inspection of the Property for the presence of 1-1 lead-based paint or lead-based paint hazards. 0 2. Within ten days after the effective date of this contract, Buyer may have the Property inspected by inspectors selected by Buyer. If lead-based paint or lead-based paint hazards are present, Buyer may terminate this contract by giving Seller written notice within 14 days after the effective date of this contract, and the earnest money will be refunded to Buyer. Q,. BUYER'S ACKNOWLEDGMENT(check applicable boxes): 16 1. Buyer has received copies of all information listed above. U.' 2. Buyer has received the pamphlet Protect Your Family from Lead in Your Home. - E. BROKERS ACKNOWLEDGMENT: Brokers have informed Seller of Sellers obligations under 42 U.S.C. 4852d to: (a) provide Buyer with the federally approved pamphlet on lead poisoning prevention; (b) complete this addendum; (c) disclose any known lead-based paint and/or lead-based paint hazards in the Property; (d) deliver all records and reports to Buyer pertaining to lead-based paint and/or lead-based paint hazards in the Property; (a) provide Buyer a period of up to 10 days to have the Property inspected; and (f) retain a completed copy of this addendum for at least 3 years following the sale.Brokers are aware of their responsibility to ensure compliance. F.-CERTIFICATION-OF-AC URACY-:--The-following-persons-have-reviewed-the-information-abeve-and-eertifyr-to-the best of their knowledge,tt4jhe information they have provided is true d a urate. 1144- fi. /87 Buyer Date Seller Date Buyer Date Seller Date /RA •ie Other Broker Date ng er Date The form of this addendum has been approved by the Texas Real tato Commission for use only with similarly approved or promulgated forms of contracts.Such approval relates to this contract form only.TREC forms are Intended for use only by trained real estate licensees. No representation is made as to the legal validity or adequacy of any provision In any specific transactions. It Is not suitable for complex transactions.Texas Real Estate Commission,P.O.Box 12188,Austin,TX 78711-2188,512-936-3080(http://www.trec.texas.gov) (TAR-1906) 10-10-11 TREC No.OP-L . 011dIdst,3216 Amato Dellas,TX 75215 Phone;972,733.9757 Paz. Thom,Gilchrist Produced with ZpForrna by ept.ogtc 18070 Moen Vila Road,Fraser,k&Algae 48028 1.v*W Votofxr.0001 • • I ylie cona isevelop ent Corporation E ORA DUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive DLrccto12 SUBJECT: Development Agreement DATE: November 15, 2018 Issue Consider and act upon issues surrounding a Development Agreement between the WEDC and the City of Wylie. Analysis Attached for the Board's review is a Development Agreement between the WEDC and City of Wylie for development services associated with the 4.79-acre property located at FM 544 and Kirby, referred to as the 544 Gateway Property. This City property, as depicted in Exhibit A of the Agreement, is expected to be developed in tandem with WEDC property, shown as Exhibit B. The Agreement calls for the WEDC to perform, or cause to be performed, all development work that may be required on the property including engineering, surveying, environmental consulting and remediation, maintenance and construction of utility and access improvements. Upon the sale of the property, or a portion thereof,to a Third Party,the City of Wylie shall reimburse the WEDC for expenditures incurred for developmental services. The Agreement stipulates that reimbursement shall be funded out of the net proceeds from the sale(s) of City property after any existing liens and closing costs have been satisfied. Recommendation Staff recommends that the WEDC Board of Directors approve a Development Agreement between the WEDC and the City of Wylie. Attachments Development Agreement DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT ("Agreement"), is made and entered into as of the day of , 2018, by and between WYLIE ECONOMIC DEVELOPMENT CORPORATION ("WEDC") and the CITY OF WYLIE, TEXAS ("City"). WEDC and City are sometimes hereinafter jointly referred to as "Parties" or individually as a "Party". RECITALS: A. City owns that certain parcel of real property situated in the City of Wylie, Collin County, Texas, as more particularly described on Exhibit A attached hereto (the "City Property"). B. WEDC owns that certain parcel of real property situated in the City of Wylie, Collin County, Texas, as more particularly described on Exhibit B attached hereto (the "WEDC Property"), such WEDC Property being located immediately west of and adjacent to the City Property. C. In order to facilitate the development of the City Property and the WEDC Property (collectively, the "Properties"), WEDC agrees to perform, or cause to be performed, all development work that may be required on the Properties including, but not limited to, site preparation, engineering, surveying, environmental consulting and remediation, property maintenance, and construction of utility and access improvements (collectively,the "Work"). D. City has agreed to reimburse WEDC for fifty percent (50%) of the cost of those portions of the Work that benefit both Properties and for one hundred percent (100%) of the cost of those portions of the Work that benefit only the City Property (collectively,the "Reimbursement Amount"). E. City shall reimburse WEDC periodically for portions of the Reimbursement Amount at the times further described herein. F. City acknowledges that $159,741 of Work has been completed by WEDC prior to the execution of the Agreement and will constitute the beginning balance of the Reimbursement Amount. G. After completion of the Work, City intends to subdivide the City Property and to sell individual parcels of the City Property to third parties (each a "Parcel" and collectively, the "Parcels"). NOW, THEREFORE, for and in consideration of the premises, the Parties agree as follows: 1. WEDC Performance of Work: Consent of City. WEDC agrees to complete the Work according to the terms of this Agreement. WEDC shall obtain prior written consent from DEVELOPMENT AGREEMENT-PAGE 1 #2156624 City for any portion of the Work that will require reimbursement by City before commencing such portion of the Work. 2. Mechanics' Liens. If any mechanics' or materialmen's lien or similar charge is filed against the City Property as a result of any Work required to be performed by WEDC under the terms of this Agreement, then WEDC shall at its own cost and expense cause such lien or charge to be discharged of record within thirty (30) days after notice from City to do so. WEDC shall indemnify and hold City harmless from and against all costs, liabilities, suits, penalties, claims and demands, including reasonable attorneys' fees and court costs, resulting from the filing of a lien against the City Property relating to any work required to be performed by WEDC under the terms of this Agreement. 3. Build Rights of City. WEDC shall complete the Work authorized under Section 1 using reasonable commercial efforts subject to events of force majeure. If WEDC fails to complete the Work in accordance with the preceding sentence after receiving ninety (90) days written notice from City, then City may, at its option, elect to perform the Work, but City shall have no obligation to make such election. In the event City elects to complete the Work as provided for herein, City shall be reimbursed by WEDC for fifty percent (50%) of the costs incurred by City in completing those portions of the Work that benefit both Properties. Such election shall be made, if at all, by written notice thereof delivered to WEDC. In connection with the self-help rights of City described herein, WEDC shall grant to City simultaneously herewith an access easement which will include a temporary construction easement necessary for City to complete the Work. 4. Reimbursement to WEDC. City shall commence payment of the Reimbursement Amount, or a portion thereof, to WEDC upon the first sale of a Parcel of the City Property to a third party and continue thereafter from subsequent sales until which time the total Reimbursement Amount has been satisfied. Upon the sale of each Parcel from City to a third party, City shall reimburse to WEDC out of the net proceeds of such sale after all existing liens and closing costs have been funded. Following payment of the total Reimbursement Amount owed by City, all obligations of the Parties under this Agreement shall be deemed fully performed and completed. 5. Authority to Market City Property; WEDC Recommendations. City authorizes WEDC to advertise and market the City Property, or individual Parcels thereof, for development. City shall accept recommendations from WEDC regarding the subdivision and sale of the City Property on an as needed basis. 6. Notices. All notices hereunder shall be in writing and shall be deemed to have been properly delivered as of the time of delivery if personally delivered, as of the time deposited in the mail system if sent by United States certified mail, return receipt requested, and postage prepaid, as of the time of delivery to Federal Express (or comparable express delivery system) if sent by such method with all costs prepaid. Such notice shall be given to the parties at the following addresses: DEVELOPMENT AGREEMENT-PAGE 2 #2156624 WEDC: Wylie Economic Development Corporation Attention: Sam Satterwhite 250 S. Highway 78 Wylie, Texas 75098 With a copy to: Abernathy, Roeder, Boyd& Hullett P.C. Attention: Randy Hullett 1700 Redbud Boulevard, Suite 300 McKinney, Texas 75069 CITY: With a copy to: A Party may change the address at which the Party shall receive notice pursuant to this Agreement by giving written notice of such new address in the same manner as any other notice shall be given in accordance with this paragraph. 7. Entire Agreement. This Agreement constitutes the entire agreement and understanding among the parties hereto with respect to this escrow, and no subsequent alteration, amendment, change, deletion or addition to this Agreement shall be binding or effective unless the same shall be in writing and signed by all Parties to this Agreement. Nothing herein shall be deemed to modify or affect the terms of the Agreement 8. Applicable Law. This Agreement shall be governed by and construed under and in accordance with the laws of the State of Texas. The obligations set forth herein are and shall be performable in Collin County, Texas. 9. Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, legal representatives, successors and assigns. DEVELOPMENT AGREEMENT-PAGE 3 #2156624 10. Construction. The headings, captions, numbering system, etc. are inserted in this Agreement only as a matter of convenience and under no circumstances will they be considered in interpreting the provisions of this Agreement where required for proper interpretation, words used herein in the singular tense shall include the plural, and vice versa; the masculine gender shall include the neuter and the feminine, and vice versa. If any provision hereof is for any reason unenforceable or inapplicable, the other provisions hereof will remain in full force and effect in the same manner as if such unenforceable or inapplicable provision had never been contained herein. This Agreement shall be construed without regard to any presumption or rule requiring construction against the Party causing the same to be drafted. 11. Counterparts. This Agreement may be executed in any number of counterparts, each of which will for all purposes be deemed to be an original, and all of which are identical. Any counterpart of this Agreement may be executed by facsimile or other electronic signature, and such facsimile or electronic signature shall be deemed effect as an original signature of such Party for all purposes. 12. Memorandum of Development Agreement. A Memorandum of Development Agreement in form satisfactory to WEDC and City will be executed by the Parties and may be filed of record in the Real Property Records of Collin County, Texas simultaneously herewith to evidence the obligations of the Parties herein. 13. Attorney's Fees. In any legal proceeding brought to enforce the terms of this Agreement, the prevailing party may recover its reasonable and necessary attorney's fees from the non-prevailing party. If liability is divided proportionately, the Parties shall each pay legal fees in proportion to their adjudicated liability. [SIGNATURES APPEAR ON FOLLOWING PAGE] DEVELOPMENT AGREEMENT-PAGE 4 #2156624 EXECUTED as of the date first set forth above. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Name: Title: CITY: CITY OF WYLIE, TEXAS By: Name: Title: DEVELOPMENT AGREEMENT-SIGNATURE PAGE #2156624 The City Property BEGINNING N 4`5 °1S E�.,.:24C i 5s , Ca:t.ett`, fr.141 C L[ 1. 4 X".. {� e ... t.. AC,i L,.—t SUB ACRES D FS WHIRLPOOL. , LID E� Cr" ,*� it 6f n O c' w 1 El ca 0 Cr:, [ 4 II i,' 4.79ACRES 1.1 ea 11' f n LOT 0 r _ ZONE 'X' f Q 4& ( 7 It Ffi ilk d( 1k WALLACE I Is LISTR,qE PARKc5 0 e ® li 4 1 1 4i Li k5) n °n tt 1.1 1 2 l I .- ., > 11 , ( 1 1 1 1 , 1 3 3# DEVELOPMENT AGREEMENT—EXHIBIT A #2156624 DESCRIPTION STATE OF TEXAS COUNTY OF COLLIN BEING all that tract of land in the City of Wylie, Collin County, Texas, out of the E.C. Davidson Survey, A-266, being that tract of land described in deed to the City of Wylie as recorded under CC# 20151207001523850 of the Official Public Records of Co111in County, Texas, same being part of that called 5.00 acres of land recorded In Volume 952, Page 911 of the Deed Records of Collin County, Texas, and being further described as follows: BEGINNING at a 5/8 inch steel rod set on the South line of Dallas Area Rapid Transit (100'), at the Northwest corner of said 5.00 acres, and at the Northeast corner of that called 2.48 acres of land described in a deed to Dallas Whirlpool, LTD as recorded in Volume 4528, Page 1760 of the Land Records of Collin County, Texas; THENCE North 84 degrees 52 minutes 18 seconds East, 240.16 feet along the South line of said D.A.R.T. to a 5/8 inch steel rod set at the Northeast corner of said 5.00 acres, and at the Northwest corner of that called 3.25 acres of land described In a deed to the City of Wylie as recorded In Volume 279, Page 511 of the Deed Records of Collin County, Texas; THENCE South 00 degrees 00 minutes 00 seconds East, 878,24 feet along the common line of said 5.00 acres and said 3.25 acres to a 5/8 inch steel rod set on the North line of F.M. Highway No. 544; THENCE South 87 degrees 50 minutes 00 seconds West, 239.37 feet along the North line of said F.M. Highway No. 544 to a 5/8 inch steel rod set at the Southeast corner of said 2.48 acres; THENCE North 00 degrees 00 minutes 00 seconds East, 865.82 feet to the POINT OF BEGINNING, containing 4.79 acres of land. DEVELOPMENT AGREEMENT-EXHIBIT A #2156624 EXHIBIT B The WEDC Property v ,. i. ;s 1 1 I: VOL c CD pI Ed t pY A-266 i i ft } 'Ic 5 t t .° t i 1 1 11 Ac i m j = z `, ,r I, ZONE 'x' S VOLr. 243 I i t 5 � I -, ZONE A' Ij ,3 i i i 11 I � .v `j. 4 661 kkk 'd 1 S t ;. V i.t Ad' A4A^ .fir r , e C. rm s `� r .216,55" (fibre Kirby Street) DEVELOPMENT AGREEMENT—EXHIBIT B #2156624 DESCRIPTION STATE OF TEXAS COUNTY OF COLLIN BEING all that tract of land in the City of Wylie, Collin County, Texas, out of the E.C. Davidson Survey, A-266, and being all of Lots 1, 2, and 3, Block 1 of Wallace Industrial Park as recorded in Volume F, Page 243 of the Plat Records of Collin County, Texas, and being all of that called 2.48 acres of land described In a deed to Dallas Whirlpool, LTD as recorded in Volume 4528, Page 1760 of the Land Records of Collin County, Texas, and being further described as follows: BEGINNING at a 1 inch pipe found on the South line of Dallas Area Rapid Transit (100'), at the Northwest corner of said 2.48 acres, and of the Northeast corner of that called 1.590 acres of land described In a deed to Wylie Economic Development Corporation as recorded under CC# 20131112001531220 of the Official Public Records of Collin County, Texas; THENCE North 84 degrees 52 minutes 18 seconds East, 243.38 feet along the South line of D.A.R.T. to a 5/8 Inch steel rod set at the Northeast corner of said 2.48 acres, and at the Northwest corner of that tract of land in deed to the City of Wylie as recorded under CC# 20151207001523850 of the Official Public Records of Collin County, Texas, and being described as called 5.00 acres in Volume 952, Page 911 of the Deed Records of Collin County, Texas; THENCE South 00 degrees 00 minutes 00 seconds East, 865,82 feet to a 5/8 inch steel rod set on the North line of F.M. Highway No. 544, and at the Southeast corner of said 2.48 acres; THENCE South 87 degrees 50 minutes 00 seconds West. 25.92 feet along the North line of said F.M. Highway No. 544 to an "X" set at point of curve; THENCE Southwesterly, 216.86 feet along said F.M. Highway No. 544 and a curve to the left having a radius of 5789.58 feet and a central angle of 02 degrees 08 minutes 46 seconds (Chord bears South 86 degrees 45 minutes 37 seconds West, 216.85 feet) to a 5/8 Inch steel rod found at the Southwest corner of said Lot 2, and at the Southeast corner of that called 0.618 acres of land described in a deed to Extra Property Holdings, LLC as recorded under CC# 20140325000280030 of the Official Public Records of Collin County, Texas; THENCE North 00 degrees 00 minutes 00 seconds East (Bearing Basis), 857.30 feet along the West line of said Lots 1, 2, 3, and said 2.48 acres to the POINT OF BEGINNING containing 4.79 acres of land. DEVELOPMENT AGREEMENT-EXHIBIT B #2156624 ylie cono ic I evelo s ent Corporation MEMORANDU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Taylor& Son Properties, LLC DATE: November 15, 2018 Issue Consider an act upon a First Amendment to Performance Agreement between the Wylie Economic Development Corporation and Taylor& Son Properties, LLC. Analysis On July 20, 2018, the WEDC entered into a Performance Agreement with Taylor & Son Properties L.L.C. to provide assistance with the development of qualified infrastructure in the amount of $3,200. To qualify for assistance, Taylor& Son was to obtain a Certificate of Occupancy(CO) for a 1,290 square foot office building located at 107 N. Jackson with a project cost of $75,000 and construct qualified infrastructure for a minimum of seven paved parking spaces at a minimum cost of $6,400. Due to construction delays associated with rainfall during the month of October, the project has fallen behind schedule. Taylor and Son has requested a 60-day extension to complete construction. Staff is confident that the remaining work will be completed quickly, but with winter weather patterns predicted to be colder and more rainy than normal, staff is requesting a 90-day extension to ensure that the project will be completed within the scope of the First Amendment. Recommendation Staff recommends that the WEDC Board of Directors approve a First Amendment to Performance Agreement extending the date by which Taylor and Son Properties, LLC must complete qualified infrastructure at 107 N. Jackson Street to February 28, 2019. Attachments First Amendment to Performance Agreement Performance Agreement FIRST AME I MENT TO PERFO' CE AGREEMENT THIS FIRST AMENDMENT TO PERFORMANCE AGREEMENT(this "First Amendment"), is entered into and is effective as of the day of , 2018 by and between WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas economic development corporation ("WEDC"),and Taylor and Son Properties, LLC, a Texas limited liability company(the "Company"). WITNESSETH: WHEREAS, WEDC Board of Directors approved that certain Performance Agreement between WEDC and Company on July 20,2018 to facilitate the development of a 1,290 square foot office building (the"Project"); and WIAEREAS,WEDC and Company desire to modify and amend the Agreement in certain respects, as more particularly set forth in this First Amendment. NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the development of qualified infrastructure,the WEDC and Company covenant and agree as follows: 1. Defined Terms. Capitalized terms used but not defined in this First Amendment will have the meanings given to them in the Agreement. 2. Modification to Performance Obligations. Notwithstanding anything to the contrary in the Agreement, the date by which the Company must complete qualified infrastructure associated with the project located in Wylie,Texas as defined in Section 2(a)is hereby extended until 5:00 p.m.,Central Time, on February 28, 2019. 3. Ratification. As expressly modified by this First Amendment, the Agreement is hereby ratified and confirmed by WEDC and Company. 4. Counterparts; Transmission. This First Amendment may be executed in multiple counterparts, each of which shall be deemed an original,and all of which shall constitute one and the same agreement. Transmission of an executed signature page of this First Amendment by email will be effective to create a binding agreement. [Signatures appear on next page] IN WITNESS I REOF,the parties hereto have executed this First Amendment the day and year first above written. WEDC: Wylie Economic Development Corporation, a Texas Corporation By: Name: Title: CO I'ANY: Taylor and Son Properties, LLC, a Texas limited partnership ("Company"). By: Name: Title: PERFORMANCE AG ' EMENT Between WYLIE ECONOMIC DEVELOPMENT CORPORATION And Taylor and Son Properties, LLC This Performance Agreement (this"Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"), and Taylor and Son Properties, LLC,a Texas limited liability company (the"Company"). RECITALS WHEREAS, the Company is desirous of making real property improvements in the form of renovating a 1,290 square foot office building (the "Project"). The project will have an estimated project cost of Seventy-Five Thousand Dollars ($75,000) and is located at 107 Jackson Street in Wylie, Texas (the "Facility"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to facilitate the renovation of the Facility and the related qualified Infrastructure improvements by providing cost reimbursement for the proposed improvements(the "Improvements");and WHEREAS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of business properties within the City; and WHEREAS, for the public purpose of promoting economic development and diversity, increasing employment, reducing unemployment and underemployment, expanding commerce and stimulating business and commercial activities in the State of Texas, and the City of Wylie, the WEDC desires to offer economic assistance to Company as more particularly described in this Agreement. NOW, THEREFORE, for and in consideration of the promises, covenants and agreements set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and Company agree as follows: Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide the Company economic assistance in an amount up to, but not to exceed Three Thousand Two Hundred Dollars ($3,200.00) (the "Economic Development Incentives"). The Economic Incentives will be paid per the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on November 30, 2018. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentive: Page I of 5 51P02-1 1,:conornic I)evelopment Incentive Payment„Schedule: Expected Cost of WEDC Cumulative Eligibility Year Incentive 1 inpro%ements Incentive Incentive 2018 No. 1 $75,000 $3,200 $3,200 11/30/18 IL Requirements for Reimbursement Incentive. a. Incentive No. 1: An Economic Development Incentive of Three Thousand Two Hundred Dollars ($3,200.00) will be paid to Company upon completion of the following Performance Requirements for Incentive No, 1: 1) Receipt of documentation by WEDC of a Certificate of Occupancy for no less than a one thousand two hundred ninety (1,290) square foot office building located at 107 Jackson Street, issued by the City of Wylie by November I, 2018, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of documentation by WEDC supporting a minimum project cost of Seventy-Five Thousand Dollars ($75,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 3) Receipt of documentation by WEDC supporting a minimum cost of Six Thousand Four Hundred Dollars ($6,400) for the construction of Qualified Infrastructure (a minimum of seven paved parking spaces, more specifically improvements made to expand and enhance parking infrastnicture required to support the Facility); and 4) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 5) Eligibility expiration for the Company to qualify for this Incentive No. I is November 30, 2018. III. WED( Pal inert of Reimbursement Incentives. Supporting documents must be submitted to the WEDC not more than thirty (30) days from the eligibility expiration. Subject to the terms of this Agreement, the WEDC shall pay the Reimbursement Incentives within five (5) business days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met by the Company. Page 2 of 5 c 1..sr,01A nerAppDatu°1 ocal,\INtosoft indovo INctCadb:Centcni rAtilook Y7.16110K I V°1110or and Son PT(TerliftI IC -Perfurmarre Agritnitni doc IV. Non-Attainment of Performance Requirements. In the event that the Company does not meet or exceed a Performance Requirement as specified in Section II, the WEDC Economic Development Incentive will be voided in advance of payment in addition to all future Economic Development Incentive payments being voided at the sole discretion of the WEDC. The Company will not be eligible to receive an Economic Development Incentive payment if documentation supporting Performance Requirements are not received by WEDC prior to the Eligibility Expiration Date. Company will be notified in writing in the event a Performance Requirement is not met and have thirty(30)days to cure said default. V. Economic Assistance Termination. The Agreement may be terminated by mutual agreement of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in Section II above. Regardless of the Company's level of attainment of the Performance Requirements set forth in Section 11 above, the WEDC's obligation to pay a portion or all of the Reimbursement Incentive will expire in full on November 30, 2018. VI. Employee I tiring, Materials and Supplies Purchase. Although not an event of default or a condition to any advance in the Agreement, WEDC requests that the Company satisfy its need for all additional employees from Wylie residents and purchase all materials, supplies and services necessary to affect the renovations and subsequent occupancy of the leased office space from Wylie merchants and businesses. VII. Community Involvement. Although not an event of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Wylie, Texas, and to actively encourage its City of Wylie employees to be involved in such organizations and/or activities. VIII. Verification and Compliance, The Company will allow the WEDC to audit necessary Company's records, documents, agreements and other instruments in furtherance of the following purposes: (i) to ensure the Company's compliance with the affirmative covenants set forth in this Agreement; (ii) to determine the existence of an Event of Default under the terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set forth herein or any related documents. IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to disburse WEDC Economic Incentives if the Company becomes insolvent, tiles a petition in bankruptcy or similar proceedings, or is adjudged bankrupt, is delinquent on any property tax payments, or an Event of Default under the terms of this Agreement occurs. X. Non-Payment of Economic Assistance. The following %sill constitute an Event of Default: the Company becomes insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay ad valorem taxes, any event of bankruptcy, or files suit against the City and/or the WEDC. Page 3 of 5 c L ( wner' ppl)afa I ocal,hilme.1111,Windu,, INeiCache'Content,(XfilooloY116M+Kf V,Tr and Son Prop:Wei'I I -Performance Avetmern doe X I. 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. Si 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 fexas and is specifically performable in Collin County, Texas. e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Hwy 78 Wylie,Texas 75098 COMPANY: Taylor and Son Properties, I.I.C. Attn: Sam Taylor, Member 109 Jackson Si. Wylie, TX 75098 By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated, that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. EXECUTED this 2°day ofJuly 2018. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: .'"'„ 4 Samuel D. R. Satterwhite, Executive Director Page 4 of 5 C...11sers'0%%ner AppDahi.l.a<al,Nimosoll•Windom 511\etlache'Coracni Ouilork,Y7.16WK I V,I a}lor and Sun Ntiverlici 1 -Performance Agreement do< C• PANY: Taylor d on Pro 4 rtie s, LLC,a Texas limited liability company By Sam Taylor, Nieto Page 5 of 3 C lUstroCtontellApp t oto n%finnosotO Eloo iNeirstheConkcnt OudonknY Si6WK nylon and Son opnnins LLC-Pod AgnecineM doe ylie Econo ic P evelop ent or I oration ENIORANDU TO WEDC Board of Directors FROM: Jason Greiner, Assistant Directo SUBJECT Carrie Elle, LLC DATE. November 16, 2018 Issue Consider and act upon a Performance Agreement between the WEDC and Carrie Elle, LLC. Analysis Having operated in Wylie since 2014, Carrie Elle, LLC is a rapidly growing small-business located at 311 North Ballard Avenue in downtown Wylie. Carrie Elle recently renewed their lease after requesting a small renovation/expansion of their production area. The extra space will help accommodate additional employees and provide optimum workflow. Carrie Elle plans to invest in new equipment which will almost certainly result in the hiring of an additional full-time print/production employee and add to their growing team of part-time contractors. Carrie Elle currently has two frill time employees and eight part-time employees. Also, Carrie Elle is projecting 53% growth in 2018 over 2017 gross sales. Carrie Elle Owner Mr. Charles Lindsey approached the WEDC in September requesting financial assistance to offset the cost of a new hydraulic paper cutter (replacing an existing 1998 manual version) which will increase efficiency and production output. The new piece of equipment is $15,000, including freight, delivery and installation. After discussing this project with the Board in Executive Session, staff has prepared a Performance Agreement for consideration. The attached Agreement provides a $5,000 equipment reimbursement for Carrie Elle, LLC. A Proof of Minimum Project Cost of$15,000, and • Ad valorem property taxes current. Eligibility expiration is December 31, 2018. Y.' Proof of ongoing operations of Carrie Elle, LLC; and • Ad valorem property taxes current. Yo Eligibility expiration is December 31, 2019. WEDC —Carrie Elle Agreement November 16, 2018 Page 2 of 2 Should Carrie Elle fail to meet the Performance Measures for Incentive No. 1, the entire Performance Agreement is voided in advance. Further, no partial incentive payments will be provided. Staff Recommendation Staff recommends that the WEDC Board of Directors approve a Performance Agreement between WEDC and Carrie Elle providing for a maximum incentive of$5,000 and further authorizing the WEDC Executive Director to execute said Agreement. Attachments Performance Agreement PERFO ANCE AGREEMENT Between WYLIE ECONOMIC DEVELOPMENT CORPO ' TION And Carrie Elle, LLC This Performance Agreement (this "Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"), and Carrie Elle LLC, a Texas limited liability company (the "Company"). RECITALS WHE ' AS, the Company is desirous of making a business personal property investment in the form of purchasing new equipment (the "Project"). The Project will have an estimated cost of Fifteen Thousand Dollars ($15,000) and is located at 311 North Ballard Avenue in Wylie, Texas (the "Facility"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to the capital expenditure by providing a cost reimbursement for the proposed investment (the "Cost of Equipment"); 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, 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, THE ' FORE, for and in consideration of the promises, covenants and agreements set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and Company agree as follows: I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide the Company economic assistance in an amount up to, but not to exceed Five Thousand Dollars ($5,000 00) (the "Economic Development Incentives"). The Economic Incentives will be paid per the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on January 31, 2020. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentive: Economic Development Incentive Payment Schedule Page 1 of 5 518822-1 Expected Cost of WEDC Cumulative Eligibility Year Incentive Equipment Incentive Incentive Expiration 2018 No, 1 $15,000 $2,500 $2,500 1/31/19 2019 No, 2 N/A $2,500 $5,000 1/31/20 IL Requirements for Reimbursement Incentive. a, Incentive No. 1: An Economic Development Incentive of Two Thousand Five Hundred Dollars ($2,500.00) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1: 1) Receipt of documentation by WEDC supporting a minimum project cost of Fifteen Thousand Dollars ($15,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company is current on all ad valorem 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) Eligibility expiration for the Company to qualify for this Incentive No. 1 is January 31, 2019. b. Incentive No. 2: An Economic Development Incentive of Two Thousand Five Hundred Dollars ($2,500.00) will be paid to Company upon completion of the following Performance Requirements for Incentive No, 1: 1) Receipt of documentation by WEDC evidencing the ongoing operations of Carrie Elle LLC at 311 North Ballard Avenue, Wylie, Texas, 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) Eligibility expiration for the Company to qualify for this Incentive No. 2 is January 31, 2020. III. WEDC Payment of Reimbursement Incentives. Supporting documents must be submitted to the WEDC not more than thirty (30) days from the eligibility expiration. Subject to the terms of this Agreement, the WEDC shall pay the Reimbursement Incentives within five (5) business days of receipt of the required documentation from the Company, subject to Page 2 of 5 WABoard12018\11-28-181Carrie Elle LLC-Performance Agreement.doc verification by the WEDC that the Performance Requirements have been met by the Company. IV. Non-Attainment of Performance Reuuirements. In the event that the Company does not meet or exceed a Performance Requirement as specified in Section II, the WEDC Economic Development Incentive will be voided in advance of payment in addition to all future Economic Development Incentive payments being voided at the sole discretion of the WEDC. The Company will not be eligible to receive an Economic Development Incentive payment if documentation supporting Performance Requirements are not received by WEDC prior to the Eligibility Expiration Date. Company will be notified in writing in the event a Performance Requirement is not met and have thirty (30) days to cure said default. V. Economic Assistance Termination. The Agreement may be terminated by mutual agreement of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in Section II above. Regardless of the Company's level of attainment of the Performance Requirements set forth in Section II above, the WEDC's obligation to pay a portion or all of the Reimbursement Incentive will expire in full on January 31, 2020. VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a condition to any advance in the Agreement, WEDC requests that the Company satisfy its need for all additional employees from Wylie residents and purchase all materials, supplies and services necessary to affect the renovations and subsequent occupancy of the leased office space from Wylie merchants and businesses. VII. Community Involvement. Although not an event of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Wylie, Texas, and to actively encourage its City of Wylie employees to be involved in such organizations and/or activities. VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary Company's records, documents, agreements and other instruments in furtherance of the following purposes: (i) to ensure the Company's compliance with the affirmative covenants set forth in this Agreement; (ii) to determine the existence of an Event of Default under the terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set forth herein or any related documents. IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to disburse WEDC Economic Incentives if the Company becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged bankrupt, is delinquent on any property tax payments, or an Event of Default under the terms of this Agreement occurs. X. Non-Payment of Economic Assistance. The following will constitute an Event of Default: the Company becomes insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay ad valorem taxes, any event of bankruptcy, or files suit against the City and/or the WEDC. Page 3 of 5 \Board\2018\11-28-18\Carrie Elle LLC-Performance Agreement doe XI. Miscellaneous. a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable by Company without the prior written consent of the WEDC, which consent may be withheld by the WEDC in its sole and absolute discretion. b. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with article 5190.6, article 5190.6 shall prevail. c. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all of the parties hereto. d. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Hwy 78 Wylie, Texas 75098 COMPANY: Carrie Elle LLC Attn: Charles Lindsey, Co-Owner 311 North Ballard Ave. Wylie, TX 75098 Page 4 of 5 W:\Board\2018\11-28-18\Carrie Elle LLC-Performance Agreement doe By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated, that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. EXECUTED this day of November 2018. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Sam Satterwhite, Executive Director COMPANY: Carrie Elle LLC, a Texas limited liability company By: Charles Lindsey, Owner Page 5 of 5 W:\Board\2018\11-28-18\Carrie Elle LLC-Performance Agreement.doc ylie Econo ic I evelo s ent Corporation E ORA DUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Direct SUBJECT: Staff Report DATE: November 13, 2018 Issue Staff report: review issues surrounding WEDC Performance Agreement summary, Hotel Occupancy Tax, Environmental Activity Summary, Eubanks Water Line, The Rocking M (McClure Partners), The Retail Coach, Active Project Summary, and regional housing starts. Analysis As a reminder to Board members, the Board may not discuss an item which is not specifically identified on the agenda. Only those items listed above can be discussed. Should any Board member desire that an issue be placed on the agenda at any time prior to a Board meeting, WEDC President or staff can be contacted, or a request can be made during the Discussion Item below. WEDC Performance Agreement Summary Attached for the Board's review is a summary of all outstanding Performance Agreements including: 2819 West FM 544 Ventures, B&B Theatres Operating Company, Clark Street Development, Cross Development, DANK Real Estate, DCU, Exco Extrusion Dies, Hooper- Woodbridge, MIKTEN, SAF Holland, SCSD-Finnell, Taylor& Son, and Woodbridge Crossing. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through October 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. $5,323,174.32 in reimbursements has been earned through October 2018 with net receipts of $4,617,428.86 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, net of reimbursements, since October 2009. As shown on the Sales Tax Reimbursement Report, WEDC- Staff Report November 13, 2018 Page 2 of 3 $116,833.24 was generated in sales tax in August 2018 versus $115,519.62 in August 2017. This represents a 1.14% increase over 2017 receipts. It is estimated that the City of Wylie and WEDC financial obligations to the Woodbridge Crossing project will conclude on or about June 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, $14,204.85 in sales tax was generated in August 2018 with $3,551.21 subject to reimbursement. August 2018 sales represents a 25% increase over the same period in 2017. There is no new activity to report other than the Burgerim concept discussed at the October Board Meeting Hotel Occupancy Tax No additional Hotel Occupancy Taxes were received in October. As a reminder, in July 2018, $16,824.70 was generated in hotel occupancy tax compared to $6,171.44 for the same period in 2017. This represents a 173% 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. Eubanks Water Line Staff had reported that Deanan Popcorn did not have adequate water pressure for a suppression system required because of their 10,000 sq ft expansion. Staff proposed extending a water line through WEDC property directly west of Deanan and linking with an 8" line in Eubanks with the owners to the north agreeing to provide an easement to Eubanks. The Rocking Al(Mc(lure Partners) McClure Partners received zoning approval for the development of a 3,200 square foot office on WEDC owned property on Jackson Street. Staff will bring a Purchase & Sale Agreement along with a Performance Agreement to the Board in December. The Retail Coach In 2017, the WEDC entered into a 2-year agreement with The Retail Coach. The term of this agreement expires in February 2019. Staff is working with The Retail Coach to develop a longer- term agreement that provides the WEDC with continuity of strategy, consistency of updated primary and retail trade area demographics as well as a more cost-effective pricing structure, and WEDC- Staff Report November 13, 2018 Page 3 of 3 some potential cost savings for entering into a longer-term agreement. Staff has been pleased with the performance and product that the WEDC receives from The Retail Coach and, following input from the Board, plans to present the new agreement to the Board at the January 2019 Board Meeting. Active Project Summary New Projects (past 45 days) Office/Warehouse relo 23,000 sf, $2.5 invest., 100+ employees Industrial/flex space small tract being evaluated, 8,000-10,000 sf Industrial/flex space large tract under contract, due diligence phase Industrial/flex space small tract being developed,planning phase Local Manufacturer Retention project $10 - $20 mm equip/technology upgrade Local Manufacturer Retention project New building (2' Wylie facility) under contract to address growth, 50 retained jobs, 15 —20 new jobs Local Manufacturer Retention project $1 mm, 5,000 sf, 2-4 employees Restaurant Inquiries 4 national full-service, 4 national fast-casual, 1 property assemblage for multi-tenant project Ongoing Projects Sargent Spec Bldg 11,940 sf, $1.2 mm invest., App for CO/tenant finish-out at City, 2 of 3 units leased. 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 Contract Pending Regional Housing Starts Forty-five homes were permitted in Wylie for the month of October 2018. Sachse, Murphy and Lavon permitted a combined thirteen with Inspiration permitting fourteen new homes. No action is requested by staff for this item. Attachments Performance Agreement Summary Environmental Activity Report Hotel Occupancy Tax Report Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes 2819 West FM 544 Ventures, LLC Visual inspection of property to confirm ;demolition of structures totaling 2,462 sf; receipt of documentation evidencing$45,000 in paid demolition invoices; current on all ad valorem and other taxes by January 31 of the year after they are assessed. 12/1/2018 $25,000 ' Paid B&B Theatres 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. 1 12/31/2014 $25,000 Paid 12/31/20151 $25,000 ; Paid 12/31/2016 $25,000 Paid j 12/31/2017 $25,000 Paid 12/31/2018 $25,000 Total Incentive not to B&B Theatres Sales Tax Reimb. tartly 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... __ 3/20/2018y Complete ' Commence construction of multifamily units by 8/1/18. I 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; 1 9/1/2020, Outstanding Performance Agreement Summary 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 $250,000 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 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) 3/31/2017 reimburse quarterly Sales tax reimburse ending earlier of $1.1 mm! paid or 10 Cumulative incentive not, years from to exceed $1.1 mm. Phase IV-CO for 134,600 sf retail space Start Date Reimbursement (completed) 3/31/2019 (9/15/23).; spreadsheet attached. Dank Real Estate-2 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 Outstanding Performance Agreement Summary 2. Minimum valuation of$2,100,000 for real and personal property at 216 Windco Cir.; current on ad valorem taxes; ongoing operations of Deanan Popcorn at facility; employment verification of 29 full-time employees. 7/31/2020 $22,900 3. Minimum valuation of$2,100,000 for real and personal property at 216 Windco Cir.; current on ad valorem taxes; ongoing operations of Deanan Popcorn at facility; employment verification of 33 full-time employees. 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 $700,000; 4. documentation supporting an executed contract of not less than $39,885 to extend a gas line 725 feet to the easternmost property line of lot located at 2774 Capital Street; 5. current on ad valorem taxes. Paid City of Wylie 8/1/2018 $31,534 $24,545.13 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 Outstanding Performance Agreement Summary 2. Minimum valuation of$1,200,000 for real and 1' personal Property; current on ad valorem taxes, continuous operations at 2774 Capital. 8/1/2019 $12,500 3. Minimum valuation of$1,200,000 for real and 1 personal Property; current on ad valorem taxes, continuous operations at 2774 Capital.Added to this payment is the fee diference from Incentive 1of 4 in the amount of$6.988.80. 8/1/2020 $19,488.80 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 1 2/24/2017 $20,000 Paid 2/24/2018 $20,000 Paid 2/24/2019 $20,000 i 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 1 $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 I building; and 2/28/2019 3. Documentation supporting a minimum project cost of$750,000; and 2/28/2019 4. Documentation supporting a minimum cost of $20,000 for qualified infrastructure (improvements to water, sewer, storm sewer); and 2/28/2019 Outstanding Performance Agreement Summary 5. Current on all ad valorem taxes and other property taxes; and 2/28/20191 $20,000 MIKTEN, Inc. A. Construct a 5,970 sf shell commercial building with a minimum capital investment of$300,000; receipt of Certificate of Completion; current on ad ' valorem taxes as of 1/31 of the year after they are assessed. 10/31/2018 $10,000 Paid 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 1 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 Outstanding Performance Agreement Summary Employ up to 45 full-time employees over 133 $1,000/emp (Employee Threshold). One time payment of over $1,000 per new employee added. 12/31/2018 Threshold Employ up to 45 full-time employees over 133 $1,000/emp (Employee Threshold). One time payment of over Not to exceed$45,000 $1,000 per new employee added. 12/31/2019 Threshold total incentive. SCSD-Finnell Obtain a building permit no later than 12/31/18; Commence construction of building no later than 12/31/18; Obtain CO no later than 8/31/19; Complete qualified infrastructure no later than 8/31/19; and provide written notice, accompanied by one or more permanent COs on the building only. 8/31/2019 $25,000 Provide documentation that company has leased more than 60%of the space within the building to restaurants; Company has completed qualified infrastructure no later than 8/31/19 with a minimum cumulative cost of$75,000; CO on building no later than 8/31/19; and provide written notice, accompanied by one or more permanent COs and leases as describe above. 1/22/2021 $50,000 Outstanding Performance Agreement Summary Taylor&Son Certificate of Occupancy for no less than 1,290 sf ' loffice 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. i 11/30/2018. $3,200. Woodbridge Crossing Phase I. CO for initial phase including a Super 1 65%sales tax reimb 2009- Target by 8/1/09. 8/1/2009 2013 ; 85%sales tax reimb No further performance requirements. Default declared reducing maximum incentive from $12 ' Reimbursement mm to $6 mm. 2021 spreadsheet attached Woodbridge Crossing Sales Tax Reimbursement Report Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99 Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01 Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81 Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81 Jan-10 Mar-10 16,017.96 8,008.98 8,008.98 32,035.92 0.85 6,807.63 13,615.27 20,422.90 Feb-10 Apr-10 18,392.59 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55 Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13 Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58 Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19 May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01 Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87 , Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07 Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31 Aug-10 Oct-10 20,401.73 10,200.87 10,200.87 40,803.46 0.85 8,670.74 17,341.47 26,012.21 Sep-10 Nov-10 22,301.22 11,150.61 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05 Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57 Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24 Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23 Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87 Audit Adjust. Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78 Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12 Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54 Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90 Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44 Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88 Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02 May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62 Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87,278.22 0.85 18,546.62 37,093.24 55,639.87 Woodbridge Crossing Sales Tax Reimbursement Report Page 2 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie(1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51 Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95 Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69 Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21 Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85 Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 0.85 13,473.21 26,946.42 40,419.64 Nov-11 Jan-12 40,631.94 20,315.97 20,315.97 81,263.88 0.85 17,268.57 34,537.15 51,805.72 Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04 Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40 Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12 Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05 Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53,822.53 Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70 Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85 May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00 Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44 Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29 Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53 Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39 Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22 Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14 Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91 Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47 Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96 Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35 Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59 Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96 Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72 Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27 Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73 Woodbridge Crossing Sales Tax Reimbursement Report Page 3 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period 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 72,473.68 36,236.84 36,236.84 144,947.35 0.65 23,553.94 47,107.89 70,661.83 377,920.27 61,412.04 122,824.09 184,236.13 Jul-18 Sep-18 59,955.26 29,977.63 29,977.63 119,910.51 0.65 19,485.46 38,970.92 58,456.37 Aug-18 Oct-18 58,416.62 29,208.31 29,208.31 116,833.24 0.65 18,985.40 37,970.80 56,956.20 Sep-18 Nov-18 0.00 0.00 0.00 0.65 0.00 0.00 0.00 236,743.75 38,470.86 76,941.72 115,412.58 Totals 9,940,603.18 1,774,391.44 3,548,782.88 5,323,174.32 Note: Anticipated completion date for$6 mm incentive obligation -First Half of 2019 CSD Woodbridge Centre-Sales Tax Reimbursement Report Filing Allocation City 4B WEDC WEDC Period Period 1.00% 0.50% 0.50% Total Reimbursement Jan-14 Mar-14 $500.33 $250.17 $250.17 $1,000.66 $250.17 Sub-Total 1,000.66 250.17 Feb-14 Apr-14 608.31 304.16 304.16 1,216.62 304.16 Mar-14 May-14 819.13 409.57 409.57 1,638.26 409.57 Apr-14 Jun-14 1,474.84 737.42 737.42 2,949.67 737.42 Sub-Total 5,804.55 1,451.14 May-14 Jul-14 1,856.70 928.35 928.35 3,713.39 928.35 Jun-14 Aug-14 25,686.18 12,843.09 12,843.09 51,372.36 12,843.09 Jul-14 Sep-14 1,482.27 741.14 741.14 2,964.54 741.14 Sub-Total 58,050.29 14,512.57 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 $19,498.70 Feb-15 Apr-15 5,694.92 2,847.46 2,847.46 11,389.83 2,847.46 Mar-15 May-15 31,176.75 15,588.37 15,588.37 $62,353.49 $15,588.37 Apr-15 Jun-15 5,390.41 2,695.20 2,695.20 $10,780.81 $2,695.20 Sub-Total $84,524.13 $21,131.03 May-15 Jul-15 6,467.00 3,233.50 3,233.50 12,934.00 3,233.50 Jun-15 Aug-15 32,110.31 16,055.16 16,055.16 $64,220.62 $16,055.16 Jul-15 Sep-15 5,548.58 2,774.29 2,774.29 $11,097.15 $2,774.29 Sub-Total $88,251.77 $22,062.94 Aug-15 Oct-15 5,683.49 2,841.74 2,841.74 11,366.97 2,841.74 Sep-15 Nov-15 41,414.13 20,707.06 20,707.06 $82,828.25 $20,707.06 Oct-15 Dec-15 6,007.81 3,003.91 3,003.91 $12,015.62 $3,003.91 Sub-Total $106,210.84 $26,552.71 Nov-15 Jan-16 6,246.73 3,123.36 3,123.36 12,493.45 3,123.36 Dec-15 Feb-16 38,577.49 19,288.74 19,288.74 $77,154.97 $19,288.74 Jan-16 Mar-16 5,383.48 2,691.74 2,691.74 $10,766.95 $2,691.74 CSD Woodbridge Centre-Sales Tax Reimbursement Report Sub-Total $100,415.37 $25,103.84 Feb-16 Apr-16 5,556.02 2,778.01 2,778.01 11,112.03 2,778.01 Mar-16 May-16 35,400.22 17,700.11 17,700.11 $70,800.43 $17,700.11 Apr-16 Jun-16 5,929.35 2,964.67 2,964.67 $11,858.69 $2,964.67 Sub-Total $93,771.15 $23,442.79 May-16 Jul-16 5,622.45 2,811.22 2,811.22 11,244.89 2,811.22 Jun-16 Aug-16 36,078.78 18,039.39 18,039.39 $72,157.55 $18,039.39 Jul-16 Sep-16 5,553.88 2,776.94 2,776.94 $11,107.76 $2,776.94 Sub-Total $94,510.20 $23,627.55 Aug-16 Oct-16 5,386.52 2,693.26 2,693.26 $10,773.03 2,693.26 Sep-16 Nov-16 45,851.97 22,925.99 22,925.99 $91,703.94 $22,925.99 Oct-16 Dec-16 5,712.60 2,856.30 2,856.30 $11,425.19 $2,856.30 Sub-Total $113,902.16 $28,475.54 Nov-16 Jan-17 5,534.56 2,767.28 2,767.28 $11,069.11 2,767.28 Dec-16 Feb-17 39,832.46 19,916.23 19,916.23 $79,664.92 $19,916.23 Jan-17 Mar-17 5,210.39 2,605.20 2,605.20 $10,420.78 $2,605.20 Sub-Total $101,154.81 $25,288.70 Feb-17 Apr-17 5,350.85 2,675.42 2,675.42 $10,701.69 2,675.42 Mar-17 May-17 35,935.03 17,967.52 17,967.52 $71,870.06 $17,967.52 Apr-17 Jun-17 5,446.64 2,723.32 2,723.32 $10,893.27 $2,723.32 Sub-Total $93,465.02 $23,366.26 May-17 Jul-17 6,978.40 3,489.20 3,489.20 $13,956.79 3,489.20 Jun-17 Aug-17 35,612.74 17,806.37 17,806.37 $71,225.48 $17,806.37 Jul-17 Sep-17 5,225.94 2,612.97 2,612.97 $10,451.87 $2,612.97 Sub-Total $95,634.14 $23,908.54 Aug-17 Oct-17 5,692.90 2,846.45 2,846.45 $11,385.79i 2,846.45 Sep-17 Nov-17 46,321.69 23,160.85 23,160.85 $92,643.38 $23,160.85 Oct-17 Dec-17 4,662.38 2,331.19 2,331.19 $9,324.76 $2,331.19 Sub-Total $113,353.93 $28,338.48 Nov-18 Jan-18 6,690.47 3,345.23 3,345.23 $13,380.93 3,345.23 Dec-18 Feb-18 46,316.53 23,158.26 23,158.26 $92,633.05 $23,158.26 Jan-18 Mar-18 5,988.51 2,994.26 2,994.26 $11,977.02 $2,994.26 Sub-Total $117,991.00 $29,497.75 Feb-18 Apr-18 6,805.46 3,402.73 3,402.73 $13,610.91 3,402.73 Mar-18 May-18 41,994.46 20,997.23 20,997.23 $83,988.92 $20,997.23 CSD Woodbridge Centre-Sales Tax Reimbursement Report Apr-18 Jun-18 6,947.44 3,473.72 3,473.72 $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 40,091.04 20,045.52 20,045.52 $80,182.08 $20,045.52 Jul-18 Sep-18 6,796.04 3,398.02 3,398.02 $13,592.07 $3,398.02 Sub-Total $108,691.31 $27,172.83 Aug-18 Oct-18 7,102.43 3,551.21 3,551.21 $14,204.85 3,551.21 Sep-18 Nov-18 0.00 0.00 0.00 $0.00 Oct-18 Sep-18 0.00 0.00 0.00 $0.00 Sub-Total $14,204.85 $3,551.21 Total $1,654,147.13 $413,536.78 Note: Anticipated completion date for the$1 mm sales tax incentive obligation is 9/30/23. Active Environmental Program Tracking Commerce/Kirby Closure Activities Remaining Project Total: 7,549.94 Labor: Frank Clark, Michael Henn, Samuel Lewis,James Maxwell, Contract: $8,400 3,705.75 lAntonia Pacholczuk, Clay Snider 375.20 2/28/18 Labor: Frank Clark, Clay Snider 1,152.00 3/31/18 Labor: Clay Snider Other Sub-Contractors(Drillers- plugging wells at 605 Commerce), 2,316.99 3/31/18 postage/shipping/delivery 7,549.94 Kirby- Former CRI Project Total: 58,967.14 Contract$104,200 910.00 11/30/17 Labor: Frank Clark, Michael Henn 788.00 (_12/31/17 Labor: Frank Clark, Clay Snider Labor: Frank Clark, Michael Henn,Joshua Hopper,Samuel Lewis, 6,421.80 ; 1/31/18 Trey Nelson, Clay Snider Other Subcontractors: Laboratory,Supplies/Permits, Other 14,442.16 1/31/181 Subcontractors 11.16 1/31/18 Misc.Supplies 659.50 1/31/18 ;Vehicle /Equipment Labor: Frank Clark,Trudy Hasan,Joshua Hopper, Samuel Lewis, Clay 2,005.30 2/28/181 Snider 874.00 2/28/18: Laboratory 519.50 3/31/18 Labor: Trey Nelson, Clay Snider 1,824.00 4/30/18 Subsurface Investigation -Labor: Clay Snider Add'I Subsurface Investigation- Labor: Frank Clark,Joshua Hooper, 3,815.75 4/30/18 Samuel Lewis,James Maxwell,Trey Nelson, Clay Snider Subcontractors: Laboratory-$989; Drilling-$6,463; 12,385.33 4/30/18; Supplies/Permits/Regulatory Fees-$103.33; Other-4,830. 528.88 4/30/18 Vehicle / Equipment Subsurface Investigation -Labor: Clay Snider,Samuel Lewis,Joshua 1,236.50 5/31/18 Harper, Frank Clark 264.50 5/31/18i Add'I Subsurface Investigation-Subcontractors: Laboratory Active Environmental Program Tracking 406.50 . 7/31/181 MSD- Project Management- Labor: Frank Clark, Clay Snider 648.50 F 7/31/18 VCP Application- Labor: Clay Snider, Holly Stockton 429.00 ! 7/31/18 DWS Labor: Trey Nelson, Clay Snider 636.00 , 7/31/18 MSD Application- Labor: Joshua Hooper 384.00 8/31/18 MSD- Project Management- Labor: Clay Snider 165.90 8/31/18 VCP Application- Labor: Frank Clark 212.00 8/31/18 DWS Labor: Joshua Hooper 2,539.50 8/31/18 MSD Application- Labor: Joshua Hooper,Samuel Lewis, Clay Snider I MSD Application Sub-contractors: Laboratory, Aerials/Maps/ 2,052.91 8/31/18 Photos 418.35 9/30/18 MSD-Project Management- Labor: Clay Snider � I 749.60 9/30/18 VCP Application - Labor: Frank Clark,Antonia Pachlczuk, Clay Snider 128.00 9/30/18 DWS Labor: Clay Snider MSD Application- Labor: Joshua Hooper, Samuel Lewis,James 2,878.50 9/30/18 Maxwell,Trey Nelson, Clay Snider 632.00 9/30/18 APAR Labor: Trey Nelson 58,967.14 Spent Contracted Total W&M Expenditures: $66,517,08 $112,600 Hotel Occupancy Tax Receipts 2014 2015 2016 2017 2018 January $3,332.78 $3,910.22 $3,960.95 8,369.84 $8,848.69 February 3,773.66 3,994.91 5,810.03 5,016.36 9,767.37 March 4,559.63 5,250.71 6,336.25 5,757.40 13,360.70 April 4,921.52 5,119.52 10,366.04 4,348.00 14,375.83 May 4,991.83 5,163.84 11,014.00 6,402.58 15,934.35 June 5,692.40 6,182.22 8,812.25 6,605.05 17,191.21 July 5,201.94 5,664.42 8,314.57 6,171.14 16,824.70 August 5,242.99 5,279.29 9,764.71 5,779.66 1September 5,280.16 5,044.30 7,658.43 5,193.79 October 6,033.92 5,665.76 7,242.90 6,301.30 November 5,213.87 5,168.76 7,054.65 5,031.62 December 4,930.79 6,234.68 6,708.86 6,637.89 Total: $59,175.49 $62,678.63 $93,043.64 $71,614.63,,$96,302.85 2 Hotels reporting beginning in December 2017. Regional Housing Permits Wylie Lavon 10 11 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18 January 28 20 16 18 14 46 9 15 4 January 8 2 4 5 6 2 12 2 February 18 9 22 14 20 31 4 36 54 February 7 11 2 5 6 5 1 7 March 20 28 18 17 30 31 43 33 61 March 8 3 6 3 8 3 0 1 April 23 18 29 38 10 57 41 70 49 April 13 1 12 24 11 1 1 17 May 26 18 20 22 26 68 101 45 48 May 8 1 0 9 j 4 4 11 7 June 24 19 13 11 9 57 58 98 47 June 12 9 2 5 12 5 1 7 15 July 33 20 19 18 29 36 34 60 63 July 11 2 3 1 14 12 1 1 11 August ! 24 16 20 19 19 30 25 11 50 August 12 9 6 3 1 5 0 12 0 September 23 22 15 8 17 24 18 46 23^ September 0 6 7 6 2 7 0 5 9 October 17 16 28 30 21 32 26 33 45 October 14 4 2 1 9 5 0 0 7 November 13 5 14 18 20 33 11 42 November 5 5 3 2 1 2 0 14 December', 15 10 16 23 65 38 39 18 December 1 7 1 4 5 6 0 40 TOTAL 264 201 230 236 280 483 409 507 444 TOTAL 99 60 48 68 100 77 17 104 76 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 I January 17 14 8 13 18 14 16 4 15 1 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 4 5 4 0 March 11 9 12 1 13 24 31 23 5 April 12 8 10 23 1 3 8 1 0 April 11 8 4 13 17 12 24 15 2 May 5 11 14 7 7 2 2 0 0 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 0 August 14 5 19 10 29 41 32 8 6 September 7 4 10 10 3 3 6 0 0 September 3 12 12 17 23 27 20 3 2 October 8 3 16 16 4 0 2 0 0 October 3 8 15 25 18 31 29 10 6 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 98 148 149 280 260 274 132 61 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Teta 15 5 12 10 6 17 13 14 4 13 8 5 11 118 16 10 19 11 9 7 13 40 8 14 13 18 2 164 17 10 12 26 29 18 30 16 17 20 14 19 18 229 18 30 27 29 24 23 35 18 13 8 14 221 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 Econo ic I evelo s ent Co s oration E ORANDU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Directyy SUBJECT: Future Agenda Items DATE: November 13, 2018 Issue Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial considerationidiscussion 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.