12-04-2018 (WEDC) Minutes (02) Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Monday, December 4, 2018 —7:30 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 7:38 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.
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 November 28, 2018 Minutes of the
Wylie Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Todd Winners and seconded by Demond Dawkins to
approve the November 28, 2018 Minutes of the Wylie Economic
Development Corporation. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
Prior to considering Item No. 2, President Brokaw recessed into Executive Session.
EXECUTIVE SESSION
Recess into Closed Session at 7:40 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
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 8:07 a.m.
WEDC —Minutes
December 4, 2018
Page 2 of 2
ITEM NO. 2 — Consider and act upon issues surrounding a Real Estate Contract for the
purchase of Lots I,2,and 3,Block 2,Railroad Addition,City of Wylie,Collin County,Texas.
Following discussion in Executive Session, President Brokaw asked if there was any discussion
on this Item and having none requested called for a motion on the Item.
MOTION: A motion was made by John Yeager and seconded by Todd Winners to ratify
a contract executed by the WEDC Executive Director to purchase
approximately 1.022 acres, more specifically identified as Lots 1, 2, and 3,
Block 2, Railroad Addition within the City of Wylie, Collin County, Texas,
for a purchase price of $305,000 plus applicable closing costs, further
authorizing WEDC President Bryan Brokaw to execute all documentation
necessary to effectuate the transaction. The WEDC Board voted 5—FOR and
0 —AGAINST in favor of the motion.
DISCUSSION ITEMS
ITEM NO. 3— Discussion of issues to be placed on a future WEDC Board Meeting agenda
(no substantial consideration/discussion allowed).
No Board Member requested any items to be placed on future Agendas.
Staff informed the Board that the Director of Finance had requested to postpone presenting a
summary of WEDC financials until after the Auditors Report which will be presented to Council
on January 22, 2019. Therefore, Finance will be present at the February 20th WEDC Board
Meeting.
ADJOURNMENT
•
With no further business, President Brokaw adjourned the WEDC Board meeting at 8:09 a.m.
(2.
Brya Brokaw, President
ATTEST:
Samuel Satterwhite, Director