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02-20-2019 (WEDC) Agenda Packet i TIC I F TI ylie Economic Development CORPORATION Regular eeting Agenda February 20, 2019—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas Bryan Brokaw...,.. ......... ......... ...... . ..... . ........ ..... ... .......... ....... , ...... President Todd Wintters Vice President John Yeager Secretary Demond Dawkins. .......... . ....... ........< ..... ...... .,. .. . ...... ........ Treasurer Marvin Fuller Board Member Mayor Eric Hogue ................ . .. .....x.. ......... .......,. .........., . , .. ...,...... .Ex-Officio Member Mindy Manson,City Manager..... . ........ ......... Ex-Officio Member Samuel Satterwhite............... ... ....... . ;...... ..Executive Director Jason Greiner Assistant Director Angel Wygant...... ........... .. .... . . ........ ....... .. .. .. ..... ........ ......;.. :,.Senior Assistant In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie Municipal Complex, distributed to the appropriate news media, and posted on the City Website: www. ylietexas.gov, 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 I. Consider and act upon approval of the January 21, 2019 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the January 2019 WEDC Treasurer's Report. III. Consider and act upon issues surrounding a Consulting Agreement between the WEDC and The Retail Coach. IV. Consider and act upon issues surrounding the conveyance of WEDC personal property to the City of Wylie. V. Consider and act upon a Performance Agreement between the WEDC and Parkarosa, LTD. WEDC—Agenda February 20, 2019 Page 2 of 3 DISCUSSION ITEMS VI. Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, environmental activity summary, Eubanks water line, Cross Development Performance Agreement,presentation by Finance Department,parking improvements at 308 North Ballard, McClure office project, Abernathy presentation to Council, Ballard Street alley project, Jackson Street alley project, 78/Brown redevelopment update, active project summary, and regional housing starts. VII. Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). EXECUTIVE SESSION If during the course of the meeting covered by this notice, the Wylie Economic Development Corporation(WEDC) should determine that a closed or executive meeting or session of the WEDC Board, or a consultation with the attorney for the City, should be held or is required, then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open Meetings Act, Texas Government Code§551.001 et. seq., will be held by the WEDC Board at the date, hour, and place given in this notice as the WEDC Board may conveniently meet in such closed or executive meeting or session or consult with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act, including, but not limited to, the following sections and purposes: Texas Government Code Sections: §551.071 —Private consultation with an attorney for the City. §551.072—Discussing purchase, exchange, lease or value of real property. §551.074—Discussing personnel or to hear complaints against personnel. §551.087—Discussing certain economic development matters. §551.073—Discussing prospective gift or donation to the City. §551.076—Discussing deployment of security personnel or devices or security audit. 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 • State Highway 78 & Ballard • State Highway & Cooper • F.M. 544 & Cooper 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 2018-4b WEDC—Agenda February 20, 2019 Page 3 of 3 • Project 2018-1Oc • Project 2019-2a CONVENE INTO OPEN MEETING Take any action as a result from Executive Session ADJOU ENT CERTIFICATION I certj that this Notice of Meeting was posted on this 15`h day of February 2019 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:rww.wyligtexasi,gov. Stephanie Storm,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Monday, January 21, 2019— 12:00 P.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas cALL TOO ' PER Announce the presence of Morun? President Bryan Brokaw called the meeting to order at 12:04 p.m. Board Members present were Todd Wintters, John Yeager, Demond Dawkins and Marvin Fuller. 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 December 19, 2018 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Todd Wintters and seconded by John Yeager to approve the December 19, 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 December 2018 WEDC Treasurers Report. Sales Tax receipts for January continued to show strong increases over prior year receipts. Staff is optimistic that this trend will continue. Board Member Fuller requested that in addition to 2017 and 2018, 2016 be placed upon the Sales Tax Revenue Report in order to give a broader perspective. WEDC—Minutes January 21, 2019 Page 2 of 5 MOTION: A motion was made by John Yeager and seconded by Demond Dawkins to approve the December 2018 Treasurer's Report for the Wylie Economic Development Corporation. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the motion. ITEM NO. 3—Consider and act upon issues surrounding the WEDC Annual Report. Staff presented the 2018 Annual Report for review and input. Per the WEDC By-laws,the WEDC must present an annual report to the Wylie City Council no later than January 31st of each year. The report must include, but is not limited to, a review of all expenditures made by the Board, a review of accomplishments, and a review of other than direct economic development. Board Member Wintters suggested that the Goals for 2019 include ongoing multi-year projects such as the sale of the remaining pad site on Highway 78, the Eubanks property, Downtown alley improvements, and a drainage study for the Downtown area. MOTION: A motion was made by John Yeager and seconded by Todd Wintters to approve the 2018 WEDC Annual Report and present the same to the Wylie City Council for their review. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the motion. ITEM NO. 4 — Consider and act upon a Property Management Agreement between the WEDC and Robert Heath. Staff informed the Board that multiple properties acquired, and soon to be acquired, as part of the WEDC Brown& 78 redevelopment project have existing tenants. Staff proposed that the WEDC enter into a Property Management Agreement with Heath Management Company. The Property Management Agreement outlined the services that Heath Management will provide such as the collection of rent, property management, and interaction with tenants. The term of the Agreement begins immediately and may be terminated upon ninety (90) days written notice by either party. Heath Management will collect all monies from tenants and remit those same funds to the WEDC, less expenses and a 20% management fee of gross rents, on a monthly basis. Staff recommended that the WEDC Board of Directors authorize the Executive Director to execute the Property Management Agreement between the WEDC and Heath Management Company. In addition to entering into the Property Management Agreement, the Board directed staff to amend new lease agreements to include a 6-month notice to vacate. MOTION: A motion was made by Todd Wintters and seconded by John Yeager to authorize the Executive Director to execute the Property Management Agreement as amended between the WEDC and Heath Management Company. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. WEDC—Minutes January 21, 2019 Page 3 of 5 ITEM NO. 5—Consider and act upon issues surrounding the disposition of WEDC property located at 300 Brown Street. A major component of the 13-acre tract on Brown Street is a property previously utilized as a nursing home. Staff presented multiple options for disposition of the improvements on this property for Board consideration. The first option was to accept an offer from Mr. Bob Heath and Mr. Bobby Heath to remodel and lease the facility. This option would not result in added expense to the WEDC for the remodeling and would generate a small amount of income over the next 2 years. The second option was to demolish the structure in preparation for redevelopment. As presented throughout the due diligence period, the structure is significantly impacted by asbestos as evaluated by Farmers Environmental, a licensed environmental consulting & compliance company which was on-site November 30, 2018 through December 3, 2018. The Farmers report was provided to Intercon Demolition, NorthStar Demolition & Remediation, and Midwest Wrecking Company. It was requested of all entities to provide pricing for all labor, material, equipment and insurance necessary for the asbestos remediation,demolition,and hauling off all debris to a regulated landfill associated with the structure located at 300 Brown Street. The bids received were as follows: • Northstar $417,525 • Midwest 430,000 • Intercon 385,000 MOTION: A motion was made by Marvin Fuller to retain the property 'as is' until redevelopment was imminent. The Motion failed due to the lack of a second. A motion was made by Todd Wintters and seconded by Demond Dawkins to authorize the Executive Director to enter into a contract with Intercon Demolition for the asbestos remediation and demolition of all improvements located at 300 Brown Street in an amount not to exceed$385,000 with a start date on or about February 5, 2019. The WEDC Board voted 4 —FOR and 1 —AGAINST in favor of the motion with Marvin Fuller dissenting. ITEM NO. 6—Consider act upon FY 2018—2019 WEDC Budget Amendment#1. To accommodate unanticipated revenues and expenses associated with recent land acquisition and remediation/demolition activities, the following amendments are required for the FY 2018 - 2019 Budget. The $4.5 mm loan from The American National Bank of Texas will be accounted for with an increase to Bank Note Proceeds in the same amount. Sale of Land is being amended to more accurately reflect the potential sale of a WEDC pad site and the potential sale of an additional parcel to be discussed within Executive Session. An increase to Rental Income reflects lease income from properties within the Brown& 78 redevelopment area. WEDC—Minutes January 21, 2019 Page 4 of 5 Future Project monies were reduced within Incentives to partially fund Brown Street remediation and demolition which is also accounted for with increases to Special Services. Transfer to (City) General Fund was reduced from the budgeted amount of$20,000 to$5,000 which funds an existing Interlocal Agreement for administrative services between the City and WEDC. The budget for Debt Service was amended to address the new ANB loan associated with Brown & 78 acquisitions ($262,969 for the remainder of the fiscal year), and the early payoff of the Peddicord/White loan ($494,954) as recommended by ANB to meet certain cash flow requirements. The Principal Reduction budget was reduced from $1.2 mm to $749,240 to accommodate the shift in priorities. Streets & Alleys is amended to reflect the carry-over of the Ballard Street alley project from the prior fiscal year (new start date the week of 1-28-19), the Eubanks water line improvements, and a savings of$1,320 on the Hensley Lane roadway improvements. MOTION: A motion was made by Marvin Fuller and seconded by Todd Wintters to approve WEDC Budget Amendment #1 for FY 2018 — 2019. The WEDC Board voted 5 —FOR and 0—AGAINST in favor of the motion. DISCUSSION ITEMS ITEM NO. 7 - Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, Environmental Activity Summary, Active Project Summary, and Regional Housing Starts. Staff updated the Board on WEDC projects and activities noting that year-over-year sales tax receipts received in December for the Woodbridge Crossing shopping center increased 44.15% and Woodbridge Centre experienced an increase of 53% over the same time period. Housing starts remained strong with sixteen new homes permitted in Wylie. ITEM NO. 8— 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. President Bryan Brokaw recessed into Executive Session. EXECUTIVE SESSION Recess into Closed Session at 1:27 p.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 WEDC—Minutes January 21, 2019 Page 5 of 5 • Birmingham& 78 Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code Annotated(Open Meetings Act). Deliberation regarding commercial or financial information that the WEDC has received from a business prospect and to discuss the offer of incentives for: • Project 2013-3a • Project 2017-10c • Project 2018 8b • Project 2018-10b Todd Wintters left the meeting at 1:44 p.m. ' CONVENE INTO OPEN MEETING Take any action as a result from Executive Session The WEDC Board of Directors reconvened into open session at 1:49 p.m. ADJOU' MENT With no further business, President Brokaw adjourned the WEDC Board meeting at 1:49 p.m. Bryan Brokaw, President ATTEST: Samuel Satterwhite, Director ylie cono ic I evelop ent Corporation EMO - A DU • • TO: Samuel Satterwhite, Executive Director: FROM: Angel Wygant, Senior Assistant SUBJECT: January 2019 Treasurer's Report DATE: February 8, 2019 Issue Consider and act upon approval of the January 2019 WEDC Treasurer's Report. Analysis During the month of January, the WEDC made its sixth and final incentive and sales tax reimbursement payment to B&B Theatres Operating Company. Sales Tax Receipts remain strong with $307,367 received in February. This represents an 11.5% increase over 2018 receipts. 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 - $605,188.87. This is the total of incentive payments which are due in the future. A breakdown of these charges includes: 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, Carrie Elle - $2,500, Rocking M ($89,500). 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 WEDC January 2019 Treasurers Report February 8, 2019 Page 2 of 3 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. Revenue and Expense Report,page 2: Rental Income — $9,305. Austin Said - $3,000, Wheels Unlimited - $2,870, DCU $500, Richmond Hydromulch - $500, Helical Concepts - $400, Trimark - $1,035, Wylie Northeast - $1,000. Bank Note Proceeds: $1,241,785.41. ANB Loan Draw #3 - $176,742.75, Draw #4 - $1,065,042.66. Revenue and Expense Report,page 3: Office Supplies - $371.91. General Office Supplies ($121.91), MSD Notice—Mailing ($250). Food Supplies - $233.01. WEDC Board Meeting Meals ($161.31), Office Luncheon($71.70). Computer: $437.50. IT support. Incentives - $26,415.55. $B&B Theatres Operating Co — Incentive #6 of 6 ($25,000), B&B Operating Co. Sales Tax Reimbursement ($1,415.55. Total payment for Sales Tax Reimbursement was $22,847.80 with$21,432.25 accrued to FY 2017-2018). Special Services — $6,580.22. Plumbing Repair—504 E. Brown ($373.20), Kirby Environmental ($5,239.06) Kirby Fence Rental ($810), Janitorial Svc ($157.50). Advertising - $4,535. Sites on Texas — ($1,295), Wylie News — Christmas Ad ($240), Connection Nov & Jan($3,000). Community Development - $1,635.05. Industrial Appreciation Holiday Promotion. Travel & Training — $2,650.17. KCS Meeting — Air (2) ($723.92), ICSC Registration (3) ($1,830), Taxi-Greiner($67.69), Bus. Mtg/Project. Updates ($29.18). Dues & Subscriptions - $285. IEDC—Greiner($185), ICSC—Satterwhite ($100). Audit & Legal - $3,589.50. Atty Fees: ANB Loan ($1,260), Karan ($1,389.50), FFA Village ($200), Weatherford ROW ($740). Engineering& Architectural - $3,950. Winkleman Engineering & Surveying - Weatherford. Land - $271,847.71. Purchases: 410 E. Brown ($177,043.75), 102 N. Birmingham ($94,803.96). Streets & Alleys - $38,680. Hensley Lane Concrete. WEDC January 2019 Treasurers Report February 8, 2019 Page 3 of 3 Recommendation Staff recommends that the WEDC Board of Directors approve the January 2018 Treasurer's Report. Attachments January 2018 Treasurer's Report Wylie Economic Development Corporation Statement of Net Position As of January 31,2019 Assets Cash and cash equivalents $ 2,320,268.20 Receivables $ 210,000.00 Note 1 Inventories $ 9,939,304.61 Prepaid Items $ - Total Assets $ 12,469,572.81 Deferred Outflows of Resources Pensions $ 101,121.55 Total deferred outflows of resources $ 101,121.55 Liabilities Accounts Payable and other current liabilities $ 34,397.56 Unearned Revenue $ 120,000.00 Note 2 Non current liabilities: Due within one year $ 302,873.32 Note 3 Due in more than one year $ 5,854,255.24 Note 4 Total Liabilities $ 6,311,526.12 Deferred Inflows of Resources Pensions $ (30,407.41) Total deferred inflows of resources $ (30,407.41) Net Position Net investment in capital assets $ Unrestricted $ 6,289,575.65 Total Net Position $ 6,289,575.65 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$14,237 Note 4: Includes$2,696,952.19 draw-down of the approved$4,500,000 loan from American National Bank as of January 31,2019 2-15-2019 02:21 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JANUARY 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 2,318,268.20 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 9,939,304.61 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 605,188.87 13,074,761.68 TOTAL ASSETS 13,074,761.68 LIABILITIES 2000-20110 FEDERAL INCOME TAX PAYABLE 0.00 2000-20111 MEDICARE PAYABLE 0.00 2000-20112 CHILD SUPPORT PAYABLE 0.00 2000-20113 CREDIT UNION PAYABLE 0.00 2000-20114 IRS LEVY PAYABLE 0.00 2000-20115 NATIONWIDE DEFERRED COMP 0.00 2000-20116 HEALTH INSUR PAY-EMPLOYEE 0.28 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 891.64 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 2-15-2019 02:21 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JANUARY 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 5,234.34 2000-20210 ACCOUNTS PAYABLE 28,211,30 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 605,188.87 2000-20810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 117,000.00 2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 3,000.00 TOTAL LIABILITIES 759,586.43 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESERV/UNDESIG 9,729,021.76 -_____------___ TOTAL BEGINNING EQUITY 9,729,021.76 TOTAL REVENUE 3,170,600.82 TOTAL EXPENSES 584,447.33 REVENUE OVER/(UNDER) EXPENSES 2,586,153.49 TOTAL EQUITY & OVER/(UNDER) 12,315,175.25 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 13,074,761.68 2-15-2019 02:21 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JANUARY 31ST, 2019 922-GEN LONG TERM DEBT (WEDC) ACCOUNT4 TITLE ASSETS 1000-10312 GOVERNMENT NOTES 0.00 1000-18110 LOAN - WEDC 000 1000-18120 LOAN - BIRMINGHAM 0.00 1000-18210 AMOUNT TO BE PROVIDED 0,00 1000-18220 BIRMINGHAM LOAN 0.00 1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 35,54329 1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 543,00 1000-19075 DEF OUTFLOW - INVESTMENT EXP 0.48 1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 65,034,78 1000-19125 (GAIN)/LOSS ON ASSUMPTION CHG( 30,407.41) 70,714.14 TOTAL ASSETS 70,714,14 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 81,193.87 2000-20311 COMP ABSENCES PAYABLE-CURRENT 14,237.00 2000-21410 ACCRUED INTEREST PAYABLE 3,991.77 2000-28205 WEDC LOANS/CURRENT 284,644.55 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 AND LOAN/EDGE 0.00 2000-28233 ANB LOAN/PEDDICORD WHITE 416,736.49 2000-28234 AND LOAN/RANDACK HUGHES 0.00 2000-28235 ANB LOAN 0.00 2000-28236 AND CONSTRUCTION LOAN 0.00 2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 251,320.63 2000-28238 AND LOAN/BUCHANAN 0.00 2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00 2000-28240 HUGHES LOAN 0.00 2000-28242 ANB LOAN/HWY 78:5TH ST REDEV 2,696,952.19 2000-28245 AND LOAN/DALLAS WHIRLPOOL 2,000,000.00 2000-28241 JARRARD LOAN 230,437.84 2000-28250 CITY OF WYLIE LOAN 0.00 2000-28260 PRIME RUTS LOAN 0.00 2000-28270 BOWLAND/ANDERSON LOAN 0.00 2000-28280 CAPITAL ONE CASED LOAN 0.00 2000-28290 HOBART/COMMERCE LOAN 0.00 2000-29150 NET PENSION LIABILITY 171,108.17 2000-29151 SDBF LIABILITY 6,506.00 TOTAL LIABILITIES 6,151,128.56 2-15-2019 02:21 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JANUARY 31ST, 2019 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE EQUITY 3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 3,412,605.24) 3000-35900 UNRESTRICTED NET POSITION ( 120,264.00) TOTAL BEGINNING EQUITY ( 3,532,869.24) TOTAL REVENUE ( 2,696,952.19) TOTAL EXPENSES ( 143,407.01) REVENUE OVER/(UNDER) EXPENSES ( 2,553,545.1B) TOTAL EQUITY & OVER/(UNDER) ( 6,086,414.42) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 70,714.14 2-15-2019 08:36 AM CITY OF WYLIE PAGE: 1 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JANUARY 31ST, 2019 Ill-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D V r fl BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET REVENUE SUMMARY TAXES 2,600,000,00 223,749,61 0,00 438,616,76 0,00 2,161,383,24 16.87 INTERGOVERNMENTAL REV. 0.00 0.00 0,00 0,00 0.00 0.00 0,00 INTEREST INCOME 3,600.00 896.24 0,00 4,148.51 0,00 ( 548.51) 115.24 MISCELLANEOUS INCOME 1,675,166,00 9,305.00 0.00 30,883.36 0.00 1,644,282.64 1,84 OTHER FINANCING SOURCES 4,500,000.00 1,241,185.41 0,00 2,696,952.19 0.00 1,803,047.81 59.93 TOTAL REVENUES 8,778,766.00 1,475,736.26 0.00 3,170,600,82 0.00 5,608,165.18 36.12 EXPENDITURE SUMMARY - . . ., DEVELOPMENT CORP-WEDC 9071,731.13 169,897.07 0.00 584,447.33 18,612..82 9,268,610.98 6,11, TOTAL EXPENDITURES 9,871,731.13 169,897.07 0.00 584,447.33 18,612.32 9,268,670.98 6.11 REVENUE OVER/(UNDER) EXPENDITURES ( 1,092,965:13) 1,305,839,19 0.00 2,586,153,49 ( 18,612.82) ( 3,660,505.80) 234.92- , z's'zozo 08.36 ^m ozrx OF WYLzo pvoo. 2 nEvoono AND oxPEmuo ncvomr (Omavozruo) AS or. ^vwvup, 31ur' 2019 11/-wxuo onnwnpzc mmuL. CORP movomnoo munow~ cunmowr pazoa YEAR Y-r-u x'r u aoocnr or avnGor ronmo po uoaIur, xoo^x owcomaa»mcE ayLunco eoosEr __ TAXES o000-40150 mcv In osrn OF omox 0.00 0.00 0.00 0.00 n�uu u nn 0.00 4000-40210 rxLoo rax _2,600,000�00 223,249�61 0.00L ~ 0�00� _16.8I' rozxL raxoo z'oou'000�on 223./49�61 0.00 438'616�76 0.00 2'161'383,24 16.8/ INTERGOVERNMENTAL n 4000 ^3s1n 380 ocnwoM/c xcnoomowro 0�00 0.00 0.00 �_____g�o 0�0 �l�m � 0.'00 rvruL znranGovcammcmTxL pov, 0.00 o�oo 0,00 v�oo o no 0,00 0,00 INTEREST INCOME ^nno-«^osn canrzrzc^ro or nopoozr 0.00 n�no 0.00 0.00 o.vn 0,00 0.00 oono ^61zo AoocaToo znramEor oxunzmGs 3.60o oo oys 24 n"ov 4'148�51 ^,nu / 548.51. 115.24 4000 46/oo roxrooL zmroaour 0-00 u�oo o`vv o�ou 'o no o^no 0,00 4000-46/43 Luczc Imronoxr 0.00 0,00 0.00 n�oo 11.00 o^no «,»» vnnn 4v15o zmroaoo` oxRwzwcn 0.00 o�oo v~oo o�oo 0,00 o^on 0,00 ^uoo oo/an Loam mspaxnowz (ppzwczcuL u�on o,nn o�oo 0.00 0.00 0.00 «vno «ozzn oumn momox mumuor ,wzsuoo 0y00 ��' , 0�00 ___-__��l -_�� rocxL zwronuxr zm;umu 3'600.00 o,^�zo 0,00 4'148�51 u.00 / n«a ^1) 115.24 MISCELLANEOUS INCOME 4600-46110� vEN`^x T°ovwo 122.440.00 y.»ny�nu n�oo 30'883�36 0.00 91'556�64 25,22 ^oon 4aan nEcnvmu. - pazoa YEAR uxPEw 0.00 0.00 n°vn 0.00 0.00 0.00 0.00 «oon «u«10 mzscoLLomonnu INCOME u�on n�nn o.on o"oo 0.00 o�oo 0,00 4000 4a4so o^zm//cnso/ SALE OF car ^,S ;_ssT'.I:o�0 2,�! __---_�J� ____ ».ng` . V.»» 2��521226-00 _-0.00L TOTAL wzcoozJ�^wuoon zncOMm 1'6-75'/66�00 9'305�00 0,00 30'883�sa 0.00 /'*44'282�64 1.84 OTHER FINANCING SOURCES ^nvo ovzsn rp^aSFou FROM GomopxL nopo 0.00 0.00 o..00 0,00 0.00 o`oo 0.00 onvo 4px2z aswn wnro rnocoEou «'uoo'000.nn /'211.785�41 o-no 2'696'952�19 o�oo 1'803'047"*1 59,93 4000-49550 Loano puzmczruL cuYmomcx ,n n�nn 0,.00 0,00 0.00 0,00 oloo o�oo ,uno op6nn zwannxwco noon,orzox 0.00 )0.o0 0.00 ' o.;o �__ ^`n�vn ' �o'nV --y `/'nI � .o3 ToTnz. ommw000 8'/18'766�00 1'4,5,736�26 0,00 3'/70'600�82 o.00 5'608.165�18 36.12 2-15-2019 08:36 AM CITY OF WY'LIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JANUARY 31ST, 2019 11.1-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 22,737.04 0...00 85,150.95 0.00 205,029.05 29.34 5611-31130 OVERTIME 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-51140 LON),EV1ITY PAY 1,452.63 0.00 0a(17 1,444.00 0.00 8.63 99.41 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 0.00 000 0.00 0.00 0.00 0.00 5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0,0.0 0.00 0.00 0.00 0.00 5611-51210 CAR ALLOWANCE 12,600.00 969.26 0.011 3,634.72 0.00 8,965.28 28.85 5611-51220 PRONE ALLOWANCE 4,656.00 1,164.00 0.00 2,328.00 0.00 2,328.00 50.00 561.1.-51230 CLOTHING ALLOWANCE 0.00 0.00 0,O° 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 3,574.90 0,010 13,664.82 0.00 32,214.18 29.78 5611-57.410 1TOSPITAL & LIFE INSURANCE 41,277.00 3,324.23 0,00 13,296.91 0.00 27,980.09 32.21 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0.00 0.00 0.00 0.00 0.00 0.00 561.1-51420 LONG-TERM DISABILITY 1,655.00 85.97 0,00 421.73 0.00 1,233.27 25.48 5611-51440 FICA 18,863.00 1,.386.56 0.00 3,128.03 0.00 15,734.97 16.58 5611-51450 MEDICARE 4,412.00 324.28 0,00' 1,249.91 0.00 3,162.09 28.33 5611-51470 WORKERS COMP PREMIUM 396.00 0.00 0,110 283.20 0.00 112.80 71.52 5611-5.1480 UNEMPLOYMENT COMP (TWC) 810.00 0.00 0.00 0.00 0.00 810.00 0 00 TOTAL PERSONNEL SERVICES 422,180.63 33,566.24 0.00 124,602.27 0.00 297,578.36 29.51 SUPPLIES 5611 52010 OFFICE SUPPLIES 6,000.00 371„01 0.00 481.26 0.00 5,518.74 8.02 561.1--52040 POSTAGE I FREIGHT 890.00 0.00 0.:.00 6.10 0.00 883.30 0.75 561.1.-521.30 TOOLS/ EQUIP (NON-CAPITAL) 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-52810 FOOD SUPPLIES 2,150.00 233.01 0;00 503.07 0.00 1,646.93 23.40 5611-52990 OTHER 0.00 0.00 0:00 0.00 0.00 0.00 0.00 TOTAL SUPPLIES 9,040.00 604.92 0.00 991.03 0.00 8,048.97 10.96 MATERIALS FOR MAINTENANC 5611 54630 TOOTS & EQUIPMENT 0.00 0.00 0,00 0.00 0.00 0.00 0.00 5611-54810 COMPUTER HARD/SOFTWARE 2,000.00 437.50 0:;.00 2,41.2.50 0.00 ( 412.50) 120.63 5611-54990 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 TOTAL MATERIALS FOR MAINTENANC 7,000.00 437.50 0.00 2,412.50 0.00 4,587.50 34.46 CONTRACTUAL SERVICES 5611 56030 INCENTIVES 1,122,100.50 26,415.55 0.00 53,915.55 0.00 1,068,184.95 4.80 5611-56040 SPECIAL SERVICES 633,900.00 6,580.22 0,00 65,785.75 180.75 567,933.50 10.41 5611-56080 ADVERTISING 127,000.00 4,535.00 0.00 15,105.00 0.00 111,895.00 11.89 5611-56090 COMMUNITY DEVELOPMENT 68,100.00 1,625.05 0.00 18,211.75 2,657.50 47,230.75 30.65 5611-56110 COMMUNICATIONS 9,628.00 570.57 0,010 2,060.57 0.00 7,567.43 21.40 5611--56180 RENTAL 29,328.00 194.00 0.00 9,582.00 2,250.00 17,496.00 40.34 5611-56210 TRAVEL & TRAINING 55,425.00 2,650.17 0,00 1,823,01 0.00 50,601.99 8.70 56)1-56250 DUES & SUBSCRIPTIONS 30,610.00 285.00 0.00 9,825.34 0.00 20,784.66 32.1.0 5611-56310 INSURANCE 4,310,00 0.00 0.00 4,040.19 0.00 269.81 93.74 5611-56510 AUDIT I LEGAL SERVICES 39,000.00 .3,589.50 0.00 13,274.50 5,985.00 19,740.50 49.38 5611.-56570 ENGINEERING/ARCHITECTURAL 30,000.00 3,950.00 0.00 9,299,99 7,539.57 13,160.44 56.13 5611-56610 UTILITIES-ELECTRIC 2.,400.00 793.71 0.00. 1,:685.82 0..00 714.18 70.24 TOTAL CONTRACTUAL SERVICES 2,151,801.50 51,188.77 0.00 207,609.47 18,612.82 1,925,579.21 10.51 2-15-2019 08:36 AM CITY OF WYLIE PAGE: 4 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JANUARY 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDC DEPARTMENTAL EXPENDITURES CURRENT CURRENT PRIOR YEAR Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET --.--- DEBT SERVICE & CAP. REPL 5611-57110 DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-57410 PRINCIPAL PAYMENT 1,628,051.00 35,997.33 0.00 143,407.01 0.00 1,484,643.99 8,81 5611-57415 INTEREST EXPENSE 343,898.00 14,422.31 0.00 46,745.05 0,00 297,152.95 13.59 5611-57710 BAD DEBT EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 9.00 TOTAL DEBT SERVICE & CAP, REP) 1,971,949.00 50,419.64 0.00 190,152.06 0.00 1,781,796.94 9.64 CAPITAL OUTLAY 5611-58110 LAND-PURCHASE PRICE 4,800,000.00 271,847.71 0,00 2,060,194.30 0.00 2,739,805.70 42.92 5611-58120 DEVELOPMENT FEES 0.00 0.00 0.00 0.00 0.00 0.00 0,00 5611-58150 LAND-BETTERMENTS 0.00 0,00 0.00 0,00 0.00 0.00 0,00 5611-58210 STREETS & ALLEYS 507,760.00 38,680.00 0.00 38,680.00 0.00 469,080.00 7.62 5611-58410 SANITARY SEWER 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-58810 COMPUTER HARD/SOFTWARE 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.90 5611-58830 FURNITURE & FIXTURES 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00 5611-58910 BUILDINGS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-58995 CONTRA CAPITAL OUTLAY 0.00 ( 276,847.71) 0.00 ( 2,040,194.30) 0.00 2,040,191.30 0.00 TOTAL CAPITAL OUTLAY 5,309,760.00 33,680.00 0.00 58,680,00 0.00 5,251,030.00 1.11 OTHER FINANCING (USES) 5611-59111 TRANSFER TO GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-59990 PROJECT ACCOUNTING 0.00 0.00 0,00 0,00 0.00 0.00 0.00 TOTAL OTHER FINANCING (USES) 0.00 0,00 0.00 0.00 0.00 0.00 0.00 TOTAL DEVELOPMENT CORP-WEDC 9,871,731.13 169,897.07 0.00 584,447,33 18,612.82 9,268,670.98 6.11 TOTAL EXPENDITURES 9,871,731.13 169,897.07 0.00 584,447.33 18,612.82 9,268,670.98 6.11 REVENUE OVER (UNDER) EXPENDITURES ( 1,092,965,13) 1,305,839.19 0.00 2,586,153.49 ( 18,612.82) ( 3,660,505.80) 234:92- *** END OF REPORT II. 2915-2017 8:41 AM DETAIL LISTING PAGE: l FUND : 111-WYLIE ECONOMIC REVEL CORP PERIOD) TO USE: Jan-2019 THRU Jan-2019 DEPT : 611. DEVELOPMENT CORD-WEDC ACCOUNTS: 561:1-52010 THRU 5611-50910 POST DATE 'TRAM REFERENCE PACKET. . ._. DESCRIPTION==:= ---_= VEND INV/JE # NOTE = - ==AMOUNT=-99 ----BALANCE= -a 5611-52010 OFFICE SQ7PPLIES BEGINNING BALANCE 109.35 1/29/1.9 1/29 A35406 CFIK: 1.01594 07236 OFF SUPPLIES 000392 27137 WEDC 121.91 231.26 1/29/19 1.r29 A35407 CHK: 101594 07236 OFF SUPPLIES 000392 27138 WEDC 250.00 481.26 _99= .9 J.ANUARY ACTIVITY DB: 371..91. CR: 0.00 371.91 561.1.-52040 POSTAGE 1 FREIGHT BEGINNING BALANCE 6.70 5611-521.30 TOOLS/ EQUIP (NON-CAPITAL) BEGINNING BALANCE 0.00 5611-521.60 TOOLS/ EQUIP - $100-$999.99 BEGINNING BALANCE 0.00 5611-52810 .FOOD SUPPLIES BEGINNING BALANCE 270.06 1./21./19 1./21. A34825 OFT: 000758 07059 WEDC BRD MTG MEAL 000912 8277 JAN19 WYGANT 16.19 286.25 1/21/I9 1/21 A34825 DFT: 000758 07059 WEDC BRD MTG MEAL 000912 8277 JAN19 WYGANT 15.23 301.48 1/21/19 1/21 A34825 DFT: 0007958 07059 WEDC BRD MTG MEAL 000912 8277 JAN19 WYGANT 80.00 381.48 1/21/19 1/21. A34825 DFT: 000758 07059 WEDC BRD MTG MEAL 000912 827`1 JAN19 WYGANT 49.89 431.37 1/21/19 1/21 A34825 OFT: 000758 07059 STAFF LUNCH-CHRISTMA 000912 8277 JAN19 WYGANT 71.70 503.07 JANUARY ACTIVITY DB: 233.01 CR: 0.00 233.01 5611m-52990 OTHER BEGINNING BALANCE 0.00 561.1-54630 TOOLS & EQUIPMENT BEGINNING BALANCE 0.00 5611-54810 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 1,975.00 1./07/19 1/07 A:33500 CHI{: 1011.59 06643 IT SUPPORT WEDC 004806 18919 WEDC 437.50 2,4.12,50 ,.,aaa.m=w9aa,a9a, JA.NUARY ACTIVITY DB: 437.50 CR: 0.00 437.50 2-15-2019 8:41 AM DETAIL LISTING PAGE: 2 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2019 THRU Jan-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET------DESCRIPTION VEND TNV/JE # NOTE AMOUNT---- --==BALANCE==== 5611-51990 OTHER BEGINNING BALANCE 0.00 ----------------------------------------------------------_______-_-___--------------------------------------------_-_____ 5611-56030 INCENTIVES BEGINNING BALANCE 27,500.00 1/23/19 1/23 A34981 CNN: 101188 07114 B&B INC 6 OF 6 003925 INCENTIVE #6 25,000.00 52,500.00 1/23/19 1/23 A34981 0H1<: 101488 07114 B&B SIR OCT18 003925 INCENTIVE #6 1,115.55 53,915.55 - , JANUARY ACTIVITY DB: 26,115.55 CR: 0.00 26,415.55 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 59,205.53 1/11/19 1/11 034066 CHK: 101282 06819 PLUMB REPAIR-504 BRN 003111 3648 WEDC 373.20 59,578.73 1/25/19 1/25 A35122 CHK: 101530 07160 JANITORIAL SVC-JAN 002330 46842 157.50 59,736,23 1/29/19 1/29 A35350 CHK: 101575 0/223 KIRBY - FENCE RENTAL 001026 18228 WEDC 810.46 60,546.69 1/29/19 1/29 035423 CHK: 101592 07236 KIRBY ENVIR- NOV 18 005252 8151249 2,516.36 63,063.05 1/29/19 1/29 A35424 CHK: 101592 07236 KIRBY ENVIR- DEC 18 005252 B154671 2,722.70 65,785.75 JANUARY ACTIVITY DB: 6,580.22 CR: 0.00 6,590,22 5611-56080 ADVERTISING BEGINNING BALANCE 10,570.00 1/11/19 1/11 A34060 CHK: 101281 06819 WYLIE NEWS-CHRISTMAS Al) 000391 18316 WEDC 240,00 10,810.00 1/21/19 1/21 034758 DFT: 000758 07047 SITES ON Tx-WEB 000912 8277 JAN19 GREINER 1,295.00 12,105.00 1/29/19 1/29 A35408 CHK: 101593 07236 CHAMBER AD-OCT-NOV 000468 9018 WEDC 1,500.00 13,605.00 1/29/19 1/29 A35409 CHK: 101593 07236 CHAMBER AD-DEC-JAN 000468 9109 WEDC 1,500.00 15,105.071 JANUARY ACTIVITY DB: 4,535,00 CR: 0,00 1,535.00 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 16,586.70 1/07/19 1/07 A33524 CHK: 101168 06646 IND APPRE-BSKT 005149 11747 WEDC 206.99 16,793.69 1/21/19 1/21 A34825 OFT: 000758 07059 IND APREC.-CHRTSTMAS 000912 8277 JAN19 WYGANT 158.00 16,951.69 1/21/19 fl A34825 DFT: 000758 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 200,00 17,151.69 1/21/19 1/21 034825 DFT: 000758 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 42.90 17,191,59 1/21/19 1/21 A34825 DFT: 000758 0/059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 78.95 17,273.54 1/21/19 1/21 A34825 OFT: 000758 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 30.12 17,303,66 1/21/19 1/21 A34825 OFT: 000758 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 12.95 17,316.61 1/21/19 1/21 A31825 OFT: 0007.58 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 29.14 17,345.75 1/21/19 1/21 A34825 DFT: 000758 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 200.00 17,545.75 2-15-201.9 8:11 AM D 1 'T' :4 I L LISTING PAGE: 3 FUND 111-WYLIE ECONOMIC DE4VEIL CORP PERIOD TO USE: Jan-2019 THRU Jan--2019 DEPT 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET-==- DESCRIPTION- -= VEND INV/JE # NOTE ---AMOUNT ------ -==BALANCE---- 1/21/19 1/21 A34825 DFT: 000758 07059 IND. APREC-CIIRISTMAS 000912 9277 JAN19 WYGANT 105.00 17,650.75 1/21/19 1/21. 134825 DOT: 000758 07059 IND. APREC-CHRISTMAS 000912 9277 JAN19 WYGANT 95.00 17,745.75 1/21/19 1/21 A34825 DFT: 000758 07059 IND APRFC-CIIRISTMAS 000912 8277 JAN19 WYGANT 66.00 17,811..75 1/21/19 1./21 A34825 DFT: 000758 07059 IND. APREC-CHRISTMAS 000912 8277 JAN19 WYGANT 400.00 18,211,75 -aT-- --=r,,.= JANUARY ACTIVITY DB: 1,625,05 CR: 0.00 1,625,05 5611-56110 COMMUNICATIONS BEGINNING BALANCE 1,490.00 1/07/1.9 1/07 A33498 CHK 101156 06643 INTERNT DEC25-JAN24 1,E01° 004568 2101577989 DF25-JA 234.94 1,724.94 1/07/19 1/07 A33499 CHK. 101156 06643 INTRNT-201 IND CT WEDC 004568 9724422380 0E21-JA 43.81 1,768.75 1/21/19 1/21 A34794 DOT: 000758 07054 MONTHLY HONE 000912 3277 JAN19 SATTERW 177.85 1,916,60 1/29/19 1/29 13541.1. CHK: 101591 07236 TABLET SVC 001797 822495799-07 DEC18 113.97 2,060.57 - -- JANUARY ACTIVITY DBE 570.57 CR: 0.00 570.57 5611-56180 RENTAL BEGINNING BALANCE 9,388.00 1/07/.19 1/07 A33522 CIIK: 101165 06646 COPIER RENTAL 003509 107551 WEDC 194.00 9,582.00 -,'- , JANUARY ACTIVITY DB: 194.00 CR: 0.00 194.00 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 2,172.84 1/04/19 1./04 A33414 CHK: 101144 06616 REIMBURSE TAXI FEES 000317 123118 TAXI 67.07 2,.239.91 1/21/19 1/21. A34794 DOT: 000758 07054 BUS MTG-MCCLURE 000912 8277 JAN19 SATTERW 29.18 2,269.09 1/21/19 1/21 A.34825 DOT. 000758 07059 RECON REG-SATTER 000912 8277 JAN19 WYGANT 610.00 2„879.09 1/21/19 1/21. A34825 DOT: 000758 07059 ICSC REG-ROUGE-GREI 000912 8277 JAN19 WYGANT 1,220,00 4.,.099.09 1/21/19 1/21 A34825 DFT: 000758 07059 KCS MTG-AIR-CORRFSTE 000912 8277 JAN19 WYGANT 361.96 4,461.05 1/21/19 1/21. A34825 DFT: 000758 07059 KCS MTG-ATR-SATTERWH 000912 8277 JAN19 WYGANT 361.96 4,.823.01 -----a--,. -,-- JANUARY ACTIVITY DR: 2,650.17 CR: 0.00 2,650.17 5611-56220 PROFESSIONAL TRAINING WINNING BALANCE 0.00 5611-56250 DUES & SUBSCRIIPTIONS RFGINNING BALANCE. 9,540.34 1/21/19 1/21 A34758 DOT: 000758 07047 IEDC-MEMB-GREINER 000912 8277 JAN19 GREINER 185.00 9,725.34 1/21/19 1/21 A34825 DFT: 000758 07059 ICSC: DUES-SATTERWHIT 000912 8277 JAN19 WYGANT 100.00 9,825.31 --- -Quorum JANUARY ACTIVITY DE: 285.00 CR: 0.00 285.00 2-15-2019 8:41 AM DETAIL LISTING PAGE: 4 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jan-2019 THRU Jan-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET DESCRIPTION-- ---- VEND INV/JE # NOTE --AMOUNT-- -=BALANCE==== 5611-56310 INSURANCE BEGINNING BALANCE 4,040.19 56:11-56510 AUDIT & LEGAL SERVICES BEGINNING BALANCE 9,685.00 1/29/19 1/29 1(35483 VOID: 101563 07255 REVERSE VOIDED CHECK 004947 33279 6,255,000R 3,430,00 1/29!19 1/29 A35483 VOID: 101563 07255 REVERSE VOIDED CHECK 004947 33370 3,195.000P 235.00 1/29/19 1/29 A35322 CHK: 101563 07220 ENV REVIEW OCT-NOV 004947 33279 6,255,00 6,490,00 1/29/19 1/29 .635323 CHK: 101563 07220 ENV REVIEW - DEC 004941 33370 3,195.00 9,685,00 1/30/19 1/30 A35488 CBE: 101606 07262 ATTY FEES-LOAN REV 000023 1 2793-0087M 1,260,00 10,945,00 1/30/19 1/30 A35489 CHK: 101606 07262 ATTY FEES-KARAN 000023 1 2793-0088M 1,389.50 12,334,50 1/30/19 1/30 A35490 CHK: 101606 07262 ATTY FEES-FFA VILLAG 000023 1 2793-0089M 200.00 12,534,50 1/30/19 1/30 A35491 CHK: 101606 07262 ATTY FEES-WEATH ROW 000023 3 2793-0086M 740.00 13,274.50 �.,.,,. _ .e .:..-,-. JANUARY ACTIVITY DB: 13,039,50 CR: 9,450„00CR 3,589,50 5611-56570 ENGINEERING/ARCHITECTURAL BEGINNING BALANCE 5,349.99 1/07/19 1/07 A33515 CHK: 101167 06646 ENG. SVC - WEATHERFORD 001540 1 43531.0A WEDC 3,950.00 9,299.99 --------- JANUARY ACTIVITY DB: :3,950.00 CR: 0.00 3,950,00 5611-56610 UTILITIES-ELECTRIC 13 . D T N N 1: 11 3 BALANCE 892.11 1/07/19 1/07 A33533 CHK: 101169 06649 WATER - 201 IND 000101 122-1060-04 NOV18 62.56 954,67 1/01/19 1/01 1(33534 CHK: 101170 06649 WATER-605 COMM 000101 126-0541-00 NOV18 .56.67 1,011„34 1/14/19 1/14 A34175 CHK: 1.01.306 06886 ELEC-WEDC 201. IND 001325 054477314576 DE18 327.33 1,338..67 1/29/19 1/29 A35441 CIiK: 101597 07238 WATER - WEDC 605 COMM 000101 126-0541-00 DEC18 56.67 1,395.,34 1/30/19 1/30 A35595 CF11( 101633 07277 UTILITIES-ELECT 003302 1171655139 DEC18A 169,72 1,565.06 1/30/19 1/30 A35596 CI:IK: 1.0163.3 07277 UTILITIES-WATER 003302 122-1040-01 DEC18 44.04 1,609.10 1/30/19 1/30 A35591 CHK. 101633 07277 UTILITIES-WATER 003302 122-1040-01 NOVIRA 43.30 1,652„40 1/30/19 1/30 A35598 CIIK: 101633 07277 UTILITIES-CAS 003302 3029287066 JAN19 33.42 1,685.82 JANUARY ACTIVITY DB: 793.71 CR¢ 0.00 793.71 5611-57110 DEBT SERVICE BEGINNING BALANCE 0.00 2-15-2019 8:41 AM DETAIL LISTING PAGE.: 5 FUND . 111-WYLIE ECONOMIC DE:VEL CORP PERIOD TO USE: Jan-2019 THRU Jan-2019 DEPT : 611 DEVELOPMENT CORE-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 COST DATE 'TRAN 3 REFERENCE PACKET--DESCRIPTION-- VEND INV/JE # NOTE -----AMOUNT ----- ----BALANCE --- 561.1.-57410 PRINCIPAL PAYMENT BEGINNING 13 ALANCE 107,409.68 1/02/19 1/04 B63882 Bnk Oft 010219 1.8241 JE.30246 K&M PMT #40 JE# 030246 6,487.21 115,896.89 1/10/19 1/16 B64018 Bnk DLL 01.1.019 18282 JE30317 PEDDICORD/WHITE PMT#49 JE# 030317 5,740.49 121,637.3P 1/15/19 1/16 B64029 Fink Oft 011519 1E1287 JE30328 WB PKWY PMT #53 JE# 030328 1.2,448,74 1.34,086.12 1/23/1.9 1/24 B64142 Bnk Oft 012.319 18309 3E30368 JARRARD PROP #25 JE# 030368 2,170,64 136,256.76 1/2.3/19 1/24 B64144 Bnk Dft 012319 18.309 JE30370 BUCHANAN PMT #53 JE# 030370 7,150.25 143,407,01 JANUARY ACTIVITY DB, 35,997.33 CR: 0.00 35,997,33 5611-57415 INTEREST EXPENSE BEGINNING BALANCE 32,322.74 1/02/19 1/04 B63882 Bnk Dft 010219 18241 JE30246 K&M PMT #40 JE# 030246 258,04 32,580,76 1/04/19 1/04 A33449 C11ICs 101147 06629 ANB DRAW .LN- JAN 2019 003207 88193982 3,694.02 36,274.80 1/1.0/19 1/16 B64018 Bnk Dft 011019 18282 JE30317 PEDDICORD/WHITE PMT#49 JE# 030317 1,641.96 37,916.76 1/15/19 1/16 R64029 Back Dft 011519 18287 JE30328 WB PKWY PMT #53 JE# 030328 819,19 38,735.95 1./23/19 1/24 B64142 Bnk Dft 012319 18309 JE30368 JARRARD PROP #25 JE# 030368 938.51. 39,674,46 1/23/19 1/24 B64143 Bnk Dft 012319 18309 JE30369 DALLAS WHIRLPOOL PMT26 JE# 030369 6,888,69 46,.563.35 11./23/19 1/24 B64144 Bnk Dft 012319 18309 JE30370 .BUCHANAN PMT #53 JE# 030370 181.70 46,745.05 8 JANUARY ACTIVITY DBt 14,422,31. CR: 0.00 14,422,31 5611-57710 BAD DEBT EXPENSE BEGINNING BALANCE 0.00 56r11.1.-581.1.0 LAND-PURCHASE PRICE BEGINNING BALANCE 1,768,346.59 1/04/19 1/04 A33440 DETa 000745 06621 PROPERTY PURCHASE 410 BR 003164 1901351800498 177,043.75 1,965,390.34 1/04/19 1/04 A33443 BET: 000746 06623 PURCHASE - 102 BIRMINGIEA 003164 1.901.351.800521. 94,766.97 2,060,157.31 1/04/19 1/04 A33448 CHIC: 101148 06629 ADD'L TAX - BRM CLOSING 003164 1901351800521 A 36.99 2,060,194.30 1/29/19 1/29 A35292 DET: 000759 07218 WEATHERFORD CLOSING 005251. GF# 614181.007 741,856.21 2,802,050.51 1/30/19 2/07 B64289 Deposit 013019 18350 JE30437 FAIR TEXAS TITLE RETUR JE# 030437 741,856.21CR 2,060,194.30 - - ---- ,_ JANUARY ACTIVITY DB: 1,013,703.92 C.R: 741,856.21CR 271,847.71 561.1--58120 DEVELOPMENT [TES BEGINNING BALANCE 0.00 5611-58150 LAND-BETTERMENTS z-zs-anzy o.*z am o E r a r L L r o I z m o rueo: o Fomo : 111-wxLzo onomnMrc oEvoL CORP eoRroo TO USE. Jan- o1y zcno Jao-2019 morz . 611 oEvoLneMEmr cnRp-wooc aozonmro. 5611-52010 zHRm bau-seezo posr DATE rRAN o moxmREmom PACKET------DESCRIPTION— vomo zmn/JE * xoro ----aMoomz=~~~ o s c z m m z m G a u L a m z o n�oo -------------------------------I aruoors & ALcoru B m G z w m z m o a u L a m c E 0,00 z/oo/zo 1/09 A33772 ouK, 101220 06725 aExnLux Lm-nomcnoTE 001e10 4144 wEoc aa'soo,00 ao'son�nn JAxoaar aorzvzrx ua. 38'680,00 OR, 0.00 ao,non�oo --__---__-__.~_~-_~__-_------~----__-_-__-_-_-___-_-_-__~-_~_-_--_-__~--_-_-=--__-_--__---------_-~-_---------=--_-----=- ss11-5e«1n oxmzTxm, umwou o o o z m m z m G a a L a m c E o�ov -__- _-______--__-----------~-_~--_°___--~___==_=___-__~_=~~___~~-__._-_~_~_____--"~_~_-~__-=_~-_~--~~-~=__~~--~____ 5611-58810 cnsrocER aamo/ocrrxAao o o s z m m z m G a a L a m o o ' n�oo --------------------------------~_--_~r_-__--_------__--------_= ~~-_--------~---="-----__--_-_---------_~r_-__--__---_------ os11-onoso rnmnzrnou & FrxrUzox a o m z m m z m o a u L A m c o 0,00 __~____-~_____~_~=_-~-__~~---__-_-~-__~_-___-_-______~-~°__--_-~-~~_--_-_-_~_~___-~_-~___--___--__-__--_^___-_--__--_~- 5611-58910 BozLormGa s m a z m m z m n a a L A m o o n�ou nou mmaona IN THIS uoroaz/ °° aapoRr roraLo °° --- omazra - --- 0000zro --- BEGINNING oaLAmczu: 2,086'860�82 0,00 mErnmrEo acrzvzrY. 1'164,484�75 751,306.21cR mmozNo ma`Amoos. 3'251'345�57 �151'306,21ca TOTAL Fomu oaozmo a^LuNoo. z'snu,osy.s« Highway 78 Brown -ANB Loan#88193982 ANB -Draw Loan $4,500,000 Draw#1- 12/13/18 $204,776 O'Donald Property Purchase-410 E. Brown Draw#2 - 12/19/18 1,250,391 Karan Property Purchase-300 E. Brown Draw#3 - 1/3/19 176,743 Wallace Property Purchase-502 E. Brown Weatherford Property-303 E. Marble ($741,856.21); O'Donald - Fees ($510); Earnest Reimbursement- Weatherford ($15,000);Turner Property Purchase- 504 E. Brown ($307,676.45- Draw#4- 1/25/19 1,065,043 closed prior to loan) Principal Balance: $2,696,952 Interest Only payments 1/12/19 through 6/12/19. Principal & Interest Payments begin 7/12/19 through maturity date(12/12/24). Payments: Date Interest Principal Total Payment 1 of 59 1/12/2019 $3,694 $0 $3,694 Total Paid: $3,694 $3,694 Wylie Economic Development Corporation Balance Sheet Sub Ledger January 31, 2019 Notes Payable Date of Rate of Principal Purchase Payment Beginning Bal. Principal Interest Interest Balance January 1, 2019 4,674,752.17 ANBTX-88130976 WOODBRIDGE PKWY (#53 of 80) 8/15/14 13,267.93 364,939.78 12,448.74 819.19 2.61 352,491.04 ANBTX-88148481 BUCHANAN(#53 of 60) 8/13/14 7,331.95 57,835.14 7,150.25 181.70 3.77 50,684.89 ANBTX-88149711 PEDDICORD/WHITE(#49 OF 60) 12/12/14 7,382.45 469,129.75 5,740.49 1,641.96 4.20 463,389.26 ANBTX-88158043 K&M/HOBART(#40 of 48) 9/2/15 8,745.25 77,411.59 8,487.21 258.04 4.00 68,924.38 ANBTX-88158357 DALLAS WHIRLPOOL(#26 of 60) 11/22/16 varies 2,000,000.00 0.00 6,888.89 4.00 2,000,000.00 JARRARD GRAYS AUTO(#25 OF 120) 12/1/16 3,109.15 250,269.21 2,170.64 938.51 4.50 248,098.57 ANBTX-88193982 ANB-BROWN&78(#0 OF 60) 12/12/18 1,455,166.70 0.00 3,694.02 5.25 1,455,166.70 January 31, 2019 $35,997.33 $14,422.31 4,638,754.84 Wylie Economic Development Corporation Inventory Subledger January 31,2019 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 Regency Pk. 6/4/10 25 Steel Road 0.65 n/a 25,171 25,171 Commerce Hobart Investments 11/12/13 Commerce 1.60 n/a 156,820 Hobart 1/6/14 605 Commerce 1.07 396,263 20,000 386,380 Dallas Whirlpools 11/22/16 900-908 Kirby 4.79 10,000 2,182,080 2,725,280 Downtown Heath 3/17/14 104 N. Jackson 0.17 Demo 220,034 Udoh 2/12/14 109 Marble 0.17 n/a 70,330 Peddicord 12/12/14 100 W. Oak St 0.35 155,984 4,444 486,032 City Lot 12/12/14 108/110 Jackson 0.35 n/a Jones (K&M) 9/3/15 106 N. Birmingham 0.21 42,314 4,125 190,596 FBC Lot 6/15/16 111 N. Ballard St 0.20 n/a 150,964 McMillan 8/24/17 105 N. Jackson 0.26 n/a 89,482 FFA Village 1/7/18 102. N. Birmingham 0.17 35,390 910 99,804 1,307,242 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 2.67 100,404 6,000 573,844 573,844 Brown &78 Turner 12/5/18 504 E. Brown 1.02 84,077 1,180 308,180 Wallace 12/18/18 502 E. Brown 0.19 24,637 680 204,775 Karan 12/28/18 300 E. Brown 2.40 551,998 24,000 1,250,391 O'Donald 1/7/19 410 E. Brown 0.19 64,421 940 177,044 1,940,390 Total 30.68 $1,737,886 88,684 $9,939,304 $9,939,304 *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 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Helical Concepts 1st 3/26/18 4/24/18 5/21/18 6/25/18', 7/26/18 8/24/18 9/26/18 10/29/18 11/26/18 12/31/18, 1/24/19 Wheels Unlimited 15th 4/16/18 5/15/18 6/15/18 7/16/18 8/16/18 9/14/18, 10/17/18 11/5/18 12/15/18 1/15/19 Trimark Catastrophe 15th 5/2/18 5/2/18 7/11/18 7/11/18 8/2/18 9/17/18 10/8/18 11/8/18 12/11/18 1/2/19 2/10/19 Dennis Richmond 1st 4/3/181 5/4/18 6/1/18 7/16/18 8/6/18 9/10/18 10/16/18 11/5/18 12/6/18 12/31/18 2/11/19 Austin/Said LLC 1st 4/11/18 5/10/18, 6/15/18 7/3/18 8/31/18 9/14/18 10/18/18i 11/14/18 12/6/18 1/9/19 2/11/19 Austin/Said LLC 1st 4/11/18 5/10/18 6/15/18 7/3/18 8/31/18 9/14/18 10/18/18 11/14/18 12/6/18 1/9/19 2/11/19 Wylie Northeast 1st 4/30/18 6/5/18 7/3/18 8/2/18 9/5/18 10/3/18 11/5/18 12/4/18 1/2/19 2/4/19 (*)Austin/Said LLC-March 2017 payment for 605 Commerce waived due to environmental remediation,removal of slab section,and roll-off dumpsters WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report December 2018 DATE PAYEE AMOUNT PURPOSE INDIVIDUAL/GROUPS PRESENT 01/21/18 Ballard Street Café 29.18 Business Mtg Satterwhite, McClure 12/02/18 Cytracom 177.85 Telephone Service n/a TOTAL 207.03 WEDC Assistant Director JPMorgan Chase Expense Report December 2018 DATE VENDOR PURPOSE AMOUNT 12/19/18 IEDC IEDC Membership-Greiner 185.00 12/26/18 Sites on Texas Website Site Location 1,295.00 Total 1,480.00 WEDC Senior Assistant JPMorgan Chase Expense Report December 2018 DATE VENDOR I PURPOSE AMOUNT 12/4/18 Southwest Airlines Kansas City-Air-Satterwhite, 361.96 12/4/18 Southwest Airlines Kansas City-Air- Forrester 361.96 12/5/18 ICSC Membership Renewal -Satterwhite 100.00 12/5/08 ICSC RECon Registration -Satterwhite 610.00 12/5/18 ICSC RECon Registration - Hogue, Greiner 1,220.00 12/6/18 Walmat WEDC Board Meeting Meal 16.19 12/10/18 Chiloso WEDC Board Meeting Meal 80.00 12/11/18 Carmie's Kitchen Industrial Appreciation -Christmas 66.00 12/11/18 Deanan's Industrial Appreciation -Christmas 158.00 12/11/18 Coventry Industrial Appreciation -Christmas 200.00 12/13/18 McAlisters Industrial Appreciation -Christmas 200.00 12/13/18 Chick Fil A Industrial Appreciation -Christmas _ 200.00 12/13/18 Walmart Industrial Appreciation -Christmas 42.90 12/13/18 Hobby Lobby Industrial Appreciation -Christmas 109.07 12/13/18 Dallas Caramel Industrial Appreciation -Christmas 400.00 12/14/18 Hobby Lobby Industrial Appreciation -Christmas 12.95 12/14/18 Walmart Industrial Appreciation -Christmas 29.14+ 12/18/18 Walmart WEDC Board Meeting Meal 15.23 12/19/18 Chick Fil A WEDC Board Meeting Meal 49.89 1/4/18 Napoli's Staff Luncheon 71.70 Total 4,304.99 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF FEBRUARY 2019 MONTH WEDC WEDC WEDC WEDC DIFF % DIFF 2016 2017 2018 2019 18 VS 19 18 VS 19 DECEMBER $166,418 $197,808 $184,849 $214,867 $30,019 15.18% JANUARY 163,463 196,347 191,896 223,750 31,854 16.60% FEBRUARY 260,166 276,698 275,668 307,367 31,699 11.50% MARCH 167,082 191,648 182,852 APRIL 154,920 168,844 163,485 MAY 238,646 244,816 203,707 JUNE 180,194 191,732 199,412 JULY 212,620 223,571 213,977 AUGUST 268,976 261,573 249,590 SEPTEMBER 197,339 210,974 213,426 OCTOBER 201,506 195,549 210,702 NOVEMBER 270,426 267,816 273,197 Sub-Total $2,481,757 $2,627,376 $2,562,759 $745,983 $93,571 14.34% AUDIT ADJ TOTAL $2,481,757 $2,627,376 $2,562,759 $745,983 $93,571 14.34% WEDC SALES TAX ANALYSIS $350,000 $300,000 I - $250,000 -,�. $200,000 . .-...m mm--.. H $150,000 ! ow. , $100,000 $50,000 $0 Y 6 Z' Z' r = ' a) a m E 2 2 ro Q 2 4 ' rn E o E 8 ,, uoi 2 ,, a.) t? a)0 i O 0 al y ylie cono 'lc I evelo s ent orporatio MEMO ' ANIU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Renewal of Retail Consulting Services DATE: February 15, 2019 Issue Consider and act upon issues surrounding a Consulting Agreement between the WEDC and The Retail Coach. Analysis Attached for your review is a proposal from The Retail Coach to renew the Retail Consulting Services provided to the WEDC and City of Wylie. The WEDC and The Retail Coach have had a lengthy relationship which started in 2007 prior to Wylie's first experience at RECON which ultimately resulted in the securing of Woodbridge Crossing. In 2017, The Retail Coach was again retained for the third time to assist the City and WEDC with development of marketing materials, site analysis, and promotion of Wylie sites to regional and national retailers. While representation at the International Council of Shopping Centers RECON is a major impetus to utilize these services, The Retail Coach provides weekly assistance with all issues pertaining to retail marketing and site development. The 2017 proposal outlined services to be provided over a 24-month period at a total cost of$30,000. While staff believes that short term contracts are typically beneficial in the sense that poor work product/professional relationships can be modified or corrected, staff believes that The Retail Coach has provided such a consistent level of service and professionalism that a longer contract with associated cost saving may be worth considering. Under the attached Agreement an outline of the Scope of Work is as follows • Trade Show Representation & Appointments/Meetings o ICSC RECon o ICSC Red River States Conference o Retail Live! WEDC —The Retail Coach Agreement February 15, 2019 Page 2 of 2 o Other Events that TRC attends (West Coast, Midwest, East Coast Events) o Developer and Retailer 1-on-1 meetings when possible • Demographic Research o RTA& Demographic updates o Mobile Data for Location Intelligence • Property Flyer Development o Updated Retailer Maps o Updated Traffic Count Map o Updated/New Property Flyers as needed • Recruitment Services & Outreach Activities/Reporting o New Retailer Targeting lists updated annually o TRC outreach to Retailers, Developers, etc o Activity updates every two months o Will report directly back to WEDC Staff As shown on Page 14, the project fees are $12,500 annually, for a total of$62,500. This proposal establishes a five-year service agreement and secures on-site assistance (scheduling and attending meetings) for the ICSC RECON through 2023. Also included on Page 14 is the provision of a dedicated table to conduct meetings at RECON for WEDC representatives which is a $5,000 value. Over a 5-year period the WEDC will save $12,500 compared to the 2-year structure previously approved. Staff Recommendation Staff recommends that the WEDC board of directors authorize the Executive Director to enter into an agreement with The Retail Coach in the amount of$62,500 for the creation and implementation of a Comprehensive Retail Recruitment & Development Strategy. Attachments Retail Coach Proposal February 15, 2019 ,,. I it' ' -, ': 4 "" , -r :t4 ,4 ::t'''"tt 4: ::". 4t4.4*** **tit 4,44444400104". 4:10041$44*******4144- rt4t .44444 P.s' ....,.,.„':. ,,„„..:',,;,,.„.,'',';.:''':::':,'':',,''''''''..i';'.7-7!:''''''''''' ['. 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"t ,Illk.., ,... ,,,,,1,40400p,',,,v,i;',.., r '''"''', .541*.idRikOiliiii0.4it.‘,.*„,'„, . :..'Nv400P,A.,,, ''''', ''''' .• '- ,,,.•.*'.`",',001ti,"\'.;001011,111111.4,,, '"' "'"':',AitatttlAtfkOlitat,' ., .,, .„,.,,,, Atthkriii*NtitismoolgottelltWiNilleitilkti.tiogelftlit4Vrclw, ' , -,,,,,v-z: .,,,,,„'„:„,),,,...:,,,,,,•.i:47,-,.•,,r,,,,,, ,A,,...,,,.,,,,,,z::,;:.:‘;:s.,.,,,,... , ,4.4,\,.,,,4006: ,',, ,' ..;,,,,,'„,;;„„„,,,,,,,,-;•.,,,r-,.l'''.::::`."-""1.,r ,S, '', — ' " '' ,,,,,,,,,,,,m41„,„,„,„,,,„,,,,„ Comprehensive Retail-,Recruitment PROPOSAL FOR: Wylie Economic Development Corporation PREPARED BY: Aaron Farmer, Senior Vice President C. Kelly Cofer, CCIM President &CEO Presented by The Retail Coach, LLC I Thi,,,,,afitiulf1,5;aicylliej I Austin,Texas • Tupelo, Mississippi 35, IQ WHO VVEARE PROVEN RESULTS »��~UU� ��~U �� . Your Retail UU Partner '� x� �(' ��" �� x o v��o ^�.~^-� Oq|x/|[>Yl Square feet mnew retail space We are o national retail consulting, market recruited to client communities reaoorch, and development firm. Our experience m the past five years combines strategy, technology, and creative marketing to execute high-impact retail recruitment x%600 m'|A'o[] and development strategies for local governments, Additional sales tax dollars chambers of commerce, and economic generated/n client communities development organizations. /n the past five years Since 2000. we have provided the research, /1�� ve|mUonnhipn. and otn�*gieoneeded bo drive new —'~/^''' retail developments in communities across the Communities throughout the United States have trusted The Retail Coach with their United States. retail recruitment efforts MMNG el YORK SO UTH Cox' ILLINOIS KV ot Ready to Serve Currently Serving ., .k..1,,i ,1!); .°."°. „, 4,s+- ..„',ti. 1,,Ilk I .,.... '.4,....,)14°.... ,,k.4.,kti ''.. .,40".'''.**. . 4..'....'' ,,,, P'"'''' . . . ‘ ''''' '''''4.4''''' \''s ''''1.0' '\' '. .'. ' ,,.„. ti ',.,,, 1„e4 ,.... - 1' 4„, ''"; ' '* it*t,, ,i,...t,,,,, . .,„',1,..... '44'40 f ,„A,,,,,,„„1„,".k 44' - •0, [ ' ' ,.,,.. k‘kit,4,i,,,V''''''47: '''''''"'",'‘'s,''' 4 .,3.;e' ,, „, °"I'''''' ''''''''' v ' 4' ' _t ,,,,, . ,,-, ' ' ' '1` •;Ft's .' '1,..k.',. ,,k,,,,,q,'''' '''''''' ,, i "' ,,,,,'' II ''. OUR TEAM OF RETAIL RECRUITMENT PROJECT EXPERTS DEDICATED TO WL1 Retail Recruitment Experts You Can Trust Project Lead - iCSC ,,,,.,- ., , , , ,,, ., ., - 50+years of retail recruitment and development experience. Kelly pCrecisfieder,nCt Cl M A asreonni Senior avrimceer Cpihreascr Strategy eroasr t e78 A.,rekt Retail We are consultants, not brokers. President&CEO We have no conflicts of interest and will do what is best for the long-term growth of your .. -., '1. community. )Member of the most exclusivec / .....,, retail professional network- cim, or Nancy Dees Matthew Lautensack Will Kline Director Director of Research Director -Retail of Finance &Development Strategy RETAILERS WE'VE RECRUITED \•44,.: - " CarolineRetail RecruitmentHearnsberg Hearnsberger 13 rRoeKj etyaclitel ManagersCtroafteergy- Specialist Coordinator Shelbypro Project eNci tc ko I ..fi Academy u 1 Austin Farmer Director of s.„.4.4., Marketing And Hundreds More... 3 i ' , III '\ ,1 -- . .. .Yr ' wq ku IT E jet 14 20 A PROVEN PROCESS FOR RESULTS OUR COMPREHENSIVE APPROACH �� '|�� / x^^`��/��`��- Process: Moving Beyond F�� to Bring px=e/ m/[��/|�� w��\�[��w ^�`^`�� `= w�|n� ' � � � x"°xzi"o Retailers'| t Wylie / ��l��U(��i� D] vv��|e Phase 2: Retail recruitment ksa process, not un vmomxmn« even Through Retail Opportunities '�� Retai|3O0@ Process, we offer adynamic system of products and services that / \ enable communities to expand their retail momer. 1' poaaeu. base and generate additional sales tax «o"nmnou ^ mvnn/v/nooevmo»meot/ Ongoing Support ��+ ~ ~ ~-~~�~` Redevelopment Opportunities revenue. � i ��0 \ v pxases. phawew Recruiting Retailers Identifying Retailers a momemners Developers tot Recruitment p*onos. -~~ ma,metmna ~~~- emnmno Market-Based Solutions On-The-Ground Analysis Retail Action Plan VVe understand that notwo Just oo each client has their VVe analyze, recommend, and communities are the same, and own set of needs, wo know that execute aggressive strategies that each one has its own each client has aunique for pursuing the ideal retailers, unique set uf development and/ position in the marketplace ua an well ua coaching our clients or redevelopment needs. it competes to recruit new through the recruitment and Thorofore, vvo work with our retailers. We spend time in development process. This clients to determine those needs your community with leaders partnership typically produces and to offer custom,tailored and stakeholders, which the best results when,together, solutions. Our strategies are enables uuto determine your we derive short-term and |ung- dota'driven and verified through market position and identify term strategies based on our comprehensive retailers that fit your market data and opportunities. Retoi|800@prnoeou. oommuni1y. r i , PHASE Analyzing The_�� mf U�U~~. K�� The Retail Coach will perform extensive market research and analysis to evaluate the area and the Wylie community.This "macro"to"micro"approach enables The Retail Coach to analyze competitive and economic forces that may Impact the community's retail recruitment and development plan.The Retail Coach will gather market-specific data to assist In Identifying Retail Trade Area boundaries,potential consumer bases,community Issues and opportunities. Competing Community Analysis It is important to monitor what Is occurring in area communities from a retail economic development prospective.What are their advantages and/or challenges?Are they experiencing positive or negative growth?What are their current retail offerings? A community must have a clear understanding of the competitive nature of retail recruitment. Before analyzing the Wylie community,The Retail Coach will look at competing communities to identify a competitive advantage,via economic and market forces,that have a direct impact on retail recruitment and development in Wylie. Custom Retail Trade Areas The Retail Trade Area|o the geographical area from which the community's retailers derive a majority uv their business.It ia the foundation-piece mx the retail plan and its accuracy iacritical. To best confirm a community's Retail Trade Area,we will execute the following strategic steps: Mobile Data for Location Decisions The Retail Coach will utilize mobile location technology that analyzes location and behavioral data collected from mobile devices to determine consumer visits to Wylie.This high-confidence data is used to verify Retail Trade Areas and validate retail site selection decisions. Retail Trade Area Mapping The Retail Coach will delineate a boundary map of the Retail Trade Area utilizing the mobile data collected, Demographic Profiling A community must be able to instantaneously provide information and data sets sought bV retailers during the site selection and site evaluation process.The data must be accurate,current,and readily available. The Retail Coach will create comprehensive demographic profiles for the Retail Trade Area and Wylie community The profile includes population and projected population growth,ethnicities, average and median household incomes,median age, households and household growth, and educational attainment. Daytime Population The daytime population, or workplace population, of community's labor market is important to quick-serve and oomumU dining restaurants that rely heavily on lunch business.The labor market may be confined to community boundaries, or it may include areas of employment outside community boundaries. The Retail Coach will provide on employment summary report detailing the total number ofestablishments, by industry, and employee counts within the designated labor market area.This report will provide insight into the"work here" population versus the"live here" population. 9HASE2 'U �� ^�' K UU v�'��o �y ��UuU�- �� - -- x- r - - ' ' - - R8tai| G8pAn8ly8is A community is able to quantify its retail demand through a Retail Gap Analysis,which provides a summary of the primary spending gaps-or opportunities-for 68 retail sectors.The analysis is ultimately used to identify recruitment targets for the community. A Retail Gap Analysis will determine the level of retail demand for the designated Retail Trade Area.The analysis computes the retail potential of the Retail Trade Area and then compares it to estimated actual sales in the community. The difference is either a leakage,where Wylie consumers are traveling outside the community to purchase certain retail goods and services;or a surplus, where consumers are traveling from outside to Wylie to purchase certain retail goods and services. The Retail Coach will perform a Retail Gap Analysis to calculate the approximate flow of retail dollars in and out of Wylie. The Retail Gap Analysis will: ' Identify retail sales surpluses and leakages for more than 88retail sectors. ' Distinguish retail sectors with the highest prospect for success, and quantify their retail potential. PHASE 3 I . - tit I • B -v- les - t 11 - 0 -v- les - t essert Retail Site Profiles A critical step in attracting retail is providing accurate and current information on each identified vacancy and site. The Retail Coach will create a retail site profile for each identified vacancy and site with current site-specific information, including: • Location • Aerial photographs • Site plan • Demographic profile • Property size and dimensions • Traffic count • Appropriate contact information PHASE 4 I . tif i • -t. il - r -V- I • • - r for " -cruit - t The Retail Coach has been successful in recruiting leading retail brands to our client communities for more than 18 years. Our process is driven by providing accurate and current data sets, as well as site- specific information to retailers that"fit" the community. Identification of Retail Prospects The Retail Coach will target national and regional retail brands that are a good "fit"for the community. This means that the Retail Trade Area population, disposable incomes, consumer spending habits, and education levels meet the retailers'ideal location criteria. The Retail Coach will review a master list with Wylie staff and work together to prepare a final target list of retailers for recruitment. A new Retailer Targeting list will be completed each year. Identification of Developer Prospects Much of our recruitment success comes from establishing a network of regional and national retail developers over the past 18 years. Developer networking and recruitment have become key components in a community's retail recruitment and development/redevelopment success. If a higher- tier retailer were to express interest in a community, and there was not sufficient ready-to-lease properties matching their needs and brand requirements, a developer must be identified to build the interested retailer a suitable property. The Retail Coach will use its network to identify retail real estate developers active in Wylie and the region for recruitment.A new Developer Targeting list will be completed each year. 1I i I I PHASE6 To attract targeted retailers,the most critical step is to provide accurate and current community data and site-specific information pn available vacancies and sites. It |s important that this marketing information positively reflects the community's attributes and brand bm corporate site selectors, real estate brokers, and developers, because it is essential in making initial decisions about locating in the community. Retail Market Profile (U The Retail Coach will develop a retail market profile tailored to the specific needs of targeted retailers'essential site selection and location criteria.The profile serves aaa community introduction, and includes: ' Retail Trade Area Map ' Location Map ' Traffic Count Map ' Demographic Profile Summary ' Appropriate logo and contact information Retailer Feasibility Packages 00 each year' with current The Retail Coach will create a retailer-specific feasibility package to address essential location criteria.The feasibility package includes: ' Community Overview ' Retail Site Profiles ' Location Map ' Retail Trade Area Map ' Existing Retailer Aerial Map ' Retailer Location Map ' Retail Trade Area Demographic Profile Summary ' Retail Gap Analysis Summary Table ' Retail Trade Area PoyohugraphioProfile ' Retail Trade Area Demographic Profile ' Community Demographic Profile ' Area Traffic Generators ' Appropriate logo and contact information PHASE 5 . r -ti . • r .,i . Real Estate Developer Opportunity Package (Updated each year with current ear demographicsj The Retail Coach will create a Developer Opportunity Package to highlight development/redevelopment opportunities in Wylie. This will include: • Community Overview • Location Map • Retail Trade Area • Demographic Trends • Aerial Imagery • Traffic Counts • Site-line visibility from major and secondary traffic arteries • Ingress/egress for primary and secondary traffic arteries • Median cuts or possibilities • Traffic signal existence or possibilities • Site characteristics and topography • Appropriate Zoning • Area Retail • Residential clustering and support • Proximity to"anchor" retailers • Top Employers • Workplace Population • Potential retail tenants Online Retail Dashboard The Retail Coach will create a Retail360®Retail Dashboard for Wylie,which will be available for visual presentation and easy downloading of all data sets and marketing information. With a few clicks, retailers, brokers and developers can learn about your community's retail potential like never before. PHASE 6 cr iti • t. it - r -v- I • • - r Recruitment of Retailers The Retail Coach is the first national retail recruitment firm to introduce retailer and developer recruitment specifically for communities. Eighteen years and 500 projects later,the recruitment of retailers remains one of the primary metrics of success.Today, our experience has proved that a community must move beyond just gathering data sets, and proactively recruit retail. The retailer recruitment process includes the following steps: 1. Introductory emails and retail market profiles are sent to each targeted retailer. 2. Personal telephone calls are placed to measure interest level. 3. Personal emails and retailer feasibility packages are sent to each targeted retailer. 4. Personal emails and retail site profiles for prime vacancies and sites are sent to the appropriate targeted retailer. 5. Personal emails are sent to inform targeted retailers of significant market changes. 6. Personal emails are sent to decision makers, once per quarter,to continue seeking responses regarding their interest level. A retailer status report is provided with each retailer's complete contact information and comments resulting from recruitment activities. Recruitment of Developers Much of our recruitment success comes from having established a network of national retail developers over the past 18 years. Oftentimes, a retailer may have interest in a community, only to find that suitable"for lease" properties do not exist. Our developer recruitment process includes the following steps: • Introductory emails and opportunity packages are sent to developers. • Personal telephone calls are placed to measure interest level. • Personal emails are sent to inform developers of the status of interested retailers, and any significant market changes. A developer status report is provided with each developer's complete contact information and comments resulting from recruitment activities. Retail Conferences The Retail Coach will assist in marketing Wylie, and its vacancies and sites,to retailers, developers, and brokers with whom we meet at retail industry conferences. PHASE 7 • I . • Coaching The Retail Coach will partner with Wylie on a long-term basis, and will be available when you have questions, new ideas, or need access to GIS mapping and current data and statistics. We are also available if Wylie needs to brainstorm opportunities as the community grows and develops. PROJECT EXPECTATIONS Timeline & Pricing k — ' ,..,,- oNito : , ,. ,,,, it li,,•,1 4 ,i',, , 1 ,,' .,,* \,vss,A ,t;',',;*.it:', „.„,.1,s4,A, ,z !tk'- ..)' !,':'' ' '''s ‘14'''''''''4'"— " ,, • `stkkOt ''1',,,; •„4‘,.',4 k.''' W' 44 4 1°41'N ‘'4_14 34; or• i 1 TP hReOj RetailE C T CTIMELINEis availableu Po rn f' ',i.; ii ',, i'$4,*.i.',.',Vti.:i"i',ii-iiiiiin-i • in toj written or electronic projectct REPORTING begin work immediately The Retail Coach will provide TRC wi aremprinemeunnit aonfdfipvreomtraodtee withapoe Wylie a.til updates on a bi-monthly basis. sRheocwosn,TpeRrCyewaill.pFroorylidCeSa° cdoendidcuacttedmetaebtilnegfsor. Wylie to dagurraeteiomneonf 5 t of fyteearmrs (60 months).terms Project Pricing Work Fees The total fee for completion of this work is$62,500, payable in equal payments$12,500, one time per year. a. $12,500 payment dueatexecuti of e execution execution of b. $12,500 upon 1 year anniversary of contract. c. $12,500 upon 2 year anniversary o off executionexecution o off a contract. d. $12,500 upon 3 year anniversary e. $12,500 upon 4 year anniversary of execution of contract. All reports, site profiles, and marketing materials will be updated each year of the contract. x ./ . 4 ' _ L. ,,1 , ,.. . r, . . - . .. 4010 , 0"00.00' lo 40 . Kr,-...... I* 0 4 ,.114 *SOW No lis ;° w ill,.. or,,040,4,,s .... ro , ...*4 '4•0 ''', ,,x,,,,', v;,„ns ,"' 1 04*%,•„Aw *.**, *I**,, P 'Z ,4 Ak„ .N. . , s *1/4 '44% PLEASE CONTACT: 440 Aaron Farmer AK 40,.000\tA0,00(400 Senior Vice President 0rr,kr 0 The Retail Coach, LLC ..s Ph. 662.231.0608 0,. .. ...k., . '44114444 Fx. 662.844.2738 g4SA 0si r r' r4, rft0,‘,. 0 Vi . ' 44C r 1, 'kw too P‘‘xik4,09s'q4n4k*A,0,wsextvh4VWxlm„mi#VvotPs‘,*°,01,#,‘ `AN0 1 4 0,1W FX44 ,,,X,'NO„Nt0o,\tf),,tiles4,%1,0*01„,v,,,vso,,, ,,,,,,,i,m,y;N*,,,I,Noms,A,Ktxotog, ‘,004tn,,.,,I,'N44,','Ard'stisohN, 'A aW0/04,0r. ,V k0'4,,V,',Mrnt'AVP4P 41,\\'Wv,,44.N44,44t444k4444,441444iCAN144.404k44k0,4,r.44414A.4.A",,W'A`',A0i0Mi'43`44 tk'tAkok#,.V.,400kv,...,01‘k.Sept,'S,t414.4%441444 \444....0.4'kk,*,1,0,10,444,144,,,\e'qds,4;40%4 ,$4k%,INAVNOtAtt$04 .\lk 4V0 kl,,,,N,00,a,4 i 0,‘,0.,;01,...0,4;60**.k .,w4.4.,vnx;',*vokt*sb•34 qt,NIN,c,i,l„„,00,kiklkW 0,\\44,444,WW11`44.4,4V00*.t.N.400K44:44tk 44404`"kN44444444.Akrft41ft,44M40.0ki4;,,,0144,.*\440,41001,0 $41,0.10,1,1t0S,ANKVAM4,4,V.N4V44g,4444.4h ),'..,4,4**31,44V, Building Partnerships. Developing Communities. TheRetaiICoach' Presented by The Retail Coach, LLC I TheRetailCoech net I Austin Texas . Tupelo, Mississippi ylie Econo ic P evelo u ent Corporation E 0 - A DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Conveyance of WEDC Personal Property DATE: July 12, 2018 Issue Consider and act upon issues surrounding the conveyance of WEDC personal property to the City of Wylie. Analysis Upon purchase of real estate located at 300 East Brown Street, the WEDC acquired all personal property utilized in operating a senior care facility. While much of the personal property had little to no value, there is a generator present that was used for emergency operations and capable of powering the entire facility. The 2005 Cummins stand-alone, 35KW diesel generator (Model #DGGD-5705578/Serial #B050747631)has a market value of$6,000 - $9,000. The City of Wylie Wastewater Department has a high level of interest in the used generator to be utilized for emergency power needs of multiple pump stations operated by the City with the equipment mounted on a trailer and retrofitted to complement existing power connections. After contacting the Purchasing Department,the WEDC was advised that if the Board of Directors was interested in conveying this equipment to the City, formal action must be taken by the Board. Recommendation Staff recommends that the WEDC Board of Directors authorize the Executive Director to execute all documentation necessary to formalize the conveyance of a 2005 Cummins diesel generator to the City of Wylie. ylie cono is I evelop ent Cor oration E • - A DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director',/,' SUBJECT: Parking Improvements DATE: February 15, 2019 Issue Consider and act upon a Performance Agreement between the WEDC and Parkarosa, Ltd. Analysis As reported at the September 2018 Board Meeting in Executive Session, staff approached Parkarosa, Ltd(Richard Parker Real Estate)to encourage the maximum number of parking spaces be developed at the 1,737 square foot remodel taking place by Parker at their 306 Ballard acquisition. Staff was able to confirm that with WEDC assistance,Parker will provide six parking spaces behind the building, tie into the newly constructed alley, construct a new approach off Ballard, and create new sidewalks connecting the parking improvements to the office. After seeking the Board's authorization at the September 26' Board Meeting, staff has prepared a Performance Agreement. The attached Agreement provides a $4,469 incentive for infrastructure assistance to Taylor and Son Properties, LLC. Performance Measures are identified as follows: Incentive No. 1 $4,469 A Proof of Certificate of Occupancy for a 1,700-square foot office building issued by the City of Wylie by June 1, 2019; and A Minimum project cost of$100,000 (not including parking infrastructure); and A Minimum qualified infrastructure cost of$11,000; and A Construction of a minimum of six parking spaces, sidewalks and improved approach; and A Ad valorem property taxes current. A Eligibility expiration is June 1, 2019. WEDC - Parkarosa, Ltd February 15, 2019 Page 2 of 2 Recommendation Staff recommends that the WEDC Board of Directors authorize the Executive Director to enter into a Performance Agreement with Parkarosa, Ltd to provide $4,469 in reimbursements for qualified infrastructure assistance. Attachments Performance Agreement PERFO ' ANCE AGREEMENT Between WYLIE ECONOMIC DEVELOPMENT CORPO ' • TION And PA ' • ROSA,LTD This Performance Agreement (this "Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the "Act"), and Parkarosa,Ltd, a Texas limited company (the "Company"). CITALS WHEREAS, the Company is desirous of making real property improvements in the form of renovating a 1,737 square foot office building (the "Project"). The project will have an estimated project cost of One-Hundred Thousand Dollars ($100,000) and is located at 306 North Ballard 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 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 ' FO' , 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 Four Thousand Four Hundred Sixty-Nine Dollars ($4,469.00) (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 June 1, 2019. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentive: Page 1 of 4 518822-1 Economic Development Incentive Payment Schedule: Expected Cost of WEDC Cumulative Eligibility Year Incentive Improvements Incentive Incentive Expiration 2019 No. 1 $100,000 $4,469 $4,469 6/1/19 II. Requirements for Reimbursement Incentive. a. Incentive No. 1: An Economic Development Incentive of Four Thousand Four Hundred Sixty-Nine Dollars ($4,469.00) 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 seven hundred (1,700) square foot office building located at 306 North Ballard, issued by the City of Wylie by June 1, 2019, 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 One-Hundred Thousand Dollars ($100,000) 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 Eleven Thousand Dollars ($11,000) for the construction of Qualified Infrastructure (a minimum of six paved parking spaces, improved approach off Ballard, and associated sidewalks, more specifically improvements made to expand and enhance parking infrastructure required to support the Facility); and 4) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 5) Eligibility expiration for the Company to qualify for this Incentive No. 1 is June 1, 2019. III. WEDC Payment of Reimbursement Incentives. Supporting documents must be submitted to the WEDC not more than thirty (30) days from the eligibility expiration. Subject to the terms of this Agreement, the WEDC shall pay the Reimbursement Incentives within five (5) business days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met by the Company. 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. Page 2 of 4 W:\Board\2019\2-20-19\Parkarosa-Performance Agreement doc 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 June 1, 2019. 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. 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. Page 3 of 4 W\Board\2019\2-20-19\Parkarosa-Performance Agreement.doc 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: Parkarosa, Ltd Attn: Richard Parker, President P.O. Box 307 Wylie, TX 75098 By the execution hereof, each signatory hereto represents and affirms that he is acting on behalf of the party indicated, that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. EXECUTED this day of February 2019. WEDC: WYLIE ECONOMIC DEVELOPMENT CORPORATION By: Samuel D. R. Satterwhite, Executive Director COMPANY: Parkarosa, Ltd, a Texas limited company By: Richard Parker, President Page 4 of 4 W:\Board\2019\2-20-19\Parkarosa-Performance Agreement.doc ylie cono ic P evelop ent Corporation ME • " A DUM TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: Staff Report DATE: February 15, 2019 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, environmental activity summary, Eubanks water line, Cross Development Performance Agreement, presentation by Finance Department, parking improvements at 308 North Ballard, McClure office project, Abernathy presentation to Council, Ballard Street alley project, Jackson Street alley project, 78/Brown redevelopment update, active project summary, and regional housing starts. Analysis As a reminder to Board members, the Board may not discuss an item which is not specifically identified on the agenda. Only those items listed above can be discussed. Should any Board member desire that an issue be placed on the agenda at any time prior to a Board meeting, WEDC President or staff can be contacted, or a request can be made during the Discussion Item below. WEDC Performance Agreement Summary Attached for the Board's review is a summary of all outstanding Performance Agreements including: B&B Theatres Operating Company, Carrie Elle, Clark Street Development, Cross Development, DANK Real Estate, DCU, Exco Extrusion Dies, Hooper-Woodbridge, MIKTEN, Rocking M, 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 January 2019 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. $10,337,474.14 has been generated in total sales tax over the life of the Agreement with $5,516,648.91 reimbursed through January 2019 establishing net receipts of$4,820,825.23. As WEDC- Staff Report February 14, 2019 Page 2 of 5 well, it is estimated that$5.2 mm has been paid in ad valorem taxes to the City of Wylie(excluding the WISD) for a total of$10 mm in tax revenue, net of reimbursements, since October 2009. As shown on the attached Sales Tax Reimbursement Report, $128,385.78 was generated in sales tax in November 2018 versus $138,632.07 in November 2017. This represents a 7.39% decrease 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. 2018 property tax valuations within Woodbridge Crossing are at$73.7 mm with a 5.25%gain over 2017. Woodbridge Centre Within the Kroger-anchored center, $14,657.96 in sales tax was generated in November 2018 with $3,664.49 subject to reimbursement. October 2018 sales represents a 10% increase over the same period in 2017. There is no new activity to report other than the Burgerim concept which has been previously discussed and is currently under construction. Hotel Occupancy Tax As reported on the Hotel Occupancy Spreadsheet, only 1 Wylie hotel has reported since October 2018. The City of Wylie is inquiring as to the reporting delinquency. 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 Waterline The new water line connection was made and is operational between Windco Circle and Eubanks via an adjacent property to the north. This WEDC/City partnership greatly benefited not only Deanan, but also addressed existing problems with dead end water lines in the area which can present serious challenges with water pressure and fire protection. Also, commercial property to the north will already have looped water infrastructure in place as those properties south of Highway 78 begin to develop. Cross Development Performance.4p-cement Cross Development will be approaching Council in the very near future and request a 90-day extension of their requirement to compete the multi-family project(among other requirements)by WEDC- Staff Report February 14, 2019 Page 3 of 5 September 1, 2020. Cross cites and additional 6 weeks in permitting that wasn't anticipated and unprecedented rains this past fall. While staff has been unable to locate historical rainfall averages and 2018 actuals for Wylie, DFW had 30" of rain between September—November in 2018 with typical rainfall levels being 4"—6" over the same period. While there was 23" in 2015, you have to go back to 1994 to find anything over 15". Cross projects they may be complete in August 2020 barring any further delay, but the 10 weeks already lost early on in the project is cause for concern. Presentation by Finance Department The Finance Director was unexpectedly scheduled to be out of town on February 20th. The review of WEDC Finances has been rescheduled for March. Parking Improvements at 308 North Ballard Staff ahs been contacted by Mr. Vidita Patel who owns 308 North Ballard which is adjacent and south of the lot formerly owned by Mrs. Reuthinger at the corner of Brown and Ballard. With the recent construction of the alley Mr. Patel is interested in building additional parking on his lot. The WEDC and Mr. Patel had previously discussed purchasing the Reuthinger lot to build a small office and provide parking at the rear of Mr. Patel's lot to serve both properties. Also impacting this property as like many properties along Ballard, Jackson and Birmingham is a recently evaluated issue by the Planning Department which questioned the ability of a property owner to expand a legally non-conforming parking surface in the downtown area. Mr. Patel had previously enhanced and expanded a gravel parking surface which was concluded as being allowed. However, as the downtown continues to transition to more commercial uses the availability of improved parking will continue to be a factor which may limit the potential of the commercial redevelopment which is taking place. Staff has obviously discussed WEDC participation with Mr. Patel (±50% of costs) with plans and cost estimates being developed and will continue to identify any and all properties within the historic district which could benefit from parking expansions. McClure Office Project The WEDC and McClure will close on the real estate transaction on 2-28-19. A building permit has been issued for the office project and construction will start within the next 30 days. McClure has until April 1, 2020 to receive a certificate of occupancy for the project under the WEDC Performance Agreement. Abernathy Presentation to Council Mr. Randy Hullett will be making a presentation to Council on March 26, 2019. The topic to be addressed will be reporting requirements between the WEDC and the Wylie City Council similar to a presentation presented to Council on or about July 2018. There has been significant discussion as to WEDC Board spending authority to the point that WEDC financials presented to Council are WEDC- Staff Report February 14, 2019 Page 4 of 5 being tabled. A key theme/question to be addressed is what level of oversight Council wants over WEDC projects/expenditures beyond that of approval of the WEDC budget which has been the customary protocol. Ballard Street Alley Project GT Construction is nearing completion of the WEDC alley project south of Brown and east of Ballard. The project has not been without difficulties as it took 6 — 8 months for utilities to be moved, a gas line was hit 3 — 4 times, and a nearby resident drove over the paving prior to the paving being 100% cured. The alley should be fully open on or about February 22nd. Jackson Street Alley Project GT Construction will begin a second WEDC alley project north of Oak and west of Jackson. The newly remodeled Taylor property will benefit from the alley along with the Rocking M project to break ground within the next 30—45 days. Staff will also be processing a change order to provide approximately four parking spaces behind the WEDC building located at 106 North Birmingham. 78/Brown Redevelopment U date The WEDC closed on the Weatherford property on February 12th. Mr. Weatherford has until February 26th to remove all belongings from the property. Staff has authorized Elm Creek Environmental to begin the process to enroll all WEDC property in the area within the Voluntary Cleanup Program (VCP) through the Texas Council on Environmental Quality. The First Baptist Church of Wylie has authorized testing to take place on a FBC property (0.34 acre) located at the corner of 2nd and Marble. While it is unlikely that the property is adversely impacted, it could be included within the VCP application if needed at little to no additional cost. Asbestos remediation will be complete at the old Hillcrest Manor Nursing Home on or about March 29th. Wylie PD and Fire will conduct training exercises in the facility March 30th —April 2nd. Active Project Summary Nev Projects (past 45 days) Industrial/flex space small tract being developed, 6,000 sf planning phase Industrial/flex space small tract was purchased, planning 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 Restaurant Inquiries Several national full-service and fast-casual concepts, 1 property assemblage for multi-tenant project WEDC- Staff Report February 14, 2019 Page 5 of 5 OnKoing Projects Sargent Spec Bldg. 11,940 sf, $1.2 mm invest., now fully leased Deanan 10,140 sf expansion, 1.1 mm invest., 8 new jobs, under construction. Lanman Medical 5,552 sf, $829,000 invest., 50% leased. Brookshires Bldg. *Contract Pending—multiple users interested. Chick A D's *Recently purchased for full-service restaurant Regional Housing Starts Twenty-eight homes were permitted in Wylie for the month of January 2018. Sachse,Murphy and Lavon permitted a combined nine with Inspiration permitting 4 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 Woodbridge Crossing Sales Tax Reimbursement Report Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Oct-09 Dec-09 $17,612.55 $8,806.27 $8,806.27 $35,225.09 0.85 7,485.33 $14,970.66 $22,455.99 Nov-09 Jan-10 21,995.30 10,997.65 10,997.65 43,990.60 0.85 9,348.00 18,696.01 28,044.01 Dec-09 Feb-10 40,289.26 20,144.63 20,144.63 80,578.52 0.85 17,122.94 34,245.87 51,368.81 Sub-Total 159,794.21 33,956.27 67,912.54 101,868.81 Jan-10 Mar-10 16,017.96 8,008.98 8,008.98 32,035.92 0.85 6,807.63 13,615.27 20,422.90 Feb-10 Apr-10 18,392.59 9,196.29 9,196.29 36,785.17 0.85 7,816.85 15,633.70 23,450.55 Mar-10 May-10 24,382.07 12,191.03 12,191.03 48,764.13 0.85 10,362.38 20,724.76 31,087.13 Sub-Total 117,585.22 24,986.86 49,973.72 74,960.58 Apr-10 Jun-10 16,991.53 8,495.76 8,495.76 33,983.05 0.85 7,221.40 14,442.80 21,664.19 May-10 Jul-10 19,588.24 9,794.12 9,794.12 39,176.48 0.85 8,325.00 16,650.00 24,975.01 Jun-10 Aug-10 24,662.64 12,331.32 12,331.32 49,325.28 0.85 10,481.62 20,963.24 31,444.87 Sub-Total 122,484.81 26,028.02 52,056.04 78,084.07 Jul-10 Sep-10 18,344.56 9,172.28 9,172.28 36,689.12 0.85 7,796.44 15,592.88 23,389.31 Aug-10 Oct-10 20,401.73 10,200.87 10,200.87 40,803.46 0.85 8,670.74 17,341.47 26,012.21 Sep-10 Nov-10 22,301.22 11,150.61 11,150.61 44,602.43 0.85 9,478.02 18,956.03 28,434.05 Sub-Total 122,095.01 25,945.19 51,890.38 77,835.57 Oct-10 Dec-10 18,800.19 9,400.10 9,400.10 37,600.38 0.85 7,990.08 15,980.16 23,970.24 Nov-10 Jan-11 25,735.09 12,867.54 12,867.54 51,470.17 0.85 10,937.41 21,874.82 32,812.23 Dec-10 Feb-11 42,668.92 21,334.46 21,334.46 85,337.83 0.85 18,134.29 36,268.58 54,402.87 Audit Adjust. Oct-10 5,065.71 2,532.86 2,532.86 10,131.42 0.85 2,152.93 4,305.85 6,458.78 Sub-Total 184,539.80 39,214.71 78,429.42 117,644.12 Jan-11 Mar-11 18,295.33 9,147.66 9,147.66 36,590.65 0.85 7,775.51 15,551.03 23,326.54 Feb-11 Apr-11 25,185.02 12,592.51 12,592.51 50,370.04 0.85 10,703.63 21,407.27 32,110.90 Mar-11 May-11 39,822.31 19,911.15 19,911.15 79,644.61 0.85 16,924.48 33,848.96 50,773.44 Sub-Total 166,605.30 35,403.63 70,807.25 106,210.88 Apr-11 Jun-11 33,456.49 16,728.25 16,728.25 66,912.98 0.85 14,219.01 28,438.02 42,657.02 May-11 Jul-11 50,192.64 25,096.32 25,096.32 100,385.28 0.85 21,331.87 42,663.74 63,995.62 Jun-11 Aug-11 43,639.11 21,819.56 21,819.56 87,278.22 0.85 18,546.62 37,093.24 55,639.87 Woodbridge Crossing Sales Tax Reimbursement Report Page 2 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Sub-Total 254,576.48 54,097.50 108,195.00 162,292.51 Jul-11 Sep-11 31,551.34 15,775.67 15,775.67 63,102.67 0.85 13,409.32 26,818.63 40,227.95 Aug-11 Oct-11 32,798.19 16,399.09 16,399.09 65,596.37 0.85 13,939.23 27,878.46 41,817.69 Sep-11 Nov-11 36,136.64 18,068.32 18,068.32 72,273.27 0.85 15,358.07 30,716.14 46,074.21 Sub-Total 200,972.31 42,706.62 85,413.23 128,119.85 Oct-11 Dec-11 31,701.68 15,850.84 15,850.84 63,403.35 0.85 13,473.21 26,946.42 40,419.64 Nov-11 Jan-12 40,631.94 20,315.97 20,315.97 81,263.88 0.85 17,268.57 34,537.15 51,805.72 Dec-11 Feb-12 66,403.17 33,201.59 33,201.59 132,806.34 0.85 28,221.35 56,442.69 84,664.04 Sub-Total 277,473.57 58,963.13 117,926.27 176,889.40 Jan-12 Mar-12 28,180.49 14,090.24 14,090.24 56,360.97 0.85 11,976.71 23,953.41 35,930.12 Feb-12 Apr-12 32,824.36 16,412.18 16,412.18 65,648.71 0.85 13,950.35 27,900.70 41,851.05 Mar-12 May-12 42,213.75 21,106.88 21,106.88 84,427.50 0.85 17,940.84 35,881.69 53,822.53 Sub-Total 206,437.18 43,867.90 87,735.80 131,603.70 Apr-12 Jun-12 33,749.69 16,874.85 16,874.85 67,499.38 0.85 14,343.62 28,687.24 43,030.85 May-12 Jul-12 35,756.08 17,878.04 17,878.04 71,512.15 0.85 15,196.33 30,392.66 45,589.00 Jun-12 Aug-12 43,423.09 21,711.55 21,711.55 86,846.18 0.85 18,454.81 36,909.63 55,364.44 Sub-Total 225,857.71 47,994.76 95,989.53 143,984.29 Jul-12 Sep-12 32,945.51 16,472.76 16,472.76 65,891.02 0.85 14,001.84 28,003.68 42,005.53 Aug-12 Oct-12 33,981.49 16,990.74 16,990.74 67,962.97 0.85 14,442.13 28,884.26 43,326.39 Sep-12 Nov-12 39,669.19 19,834.60 19,834.60 79,338.38 0.85 16,859.41 33,718.81 50,578.22 Sub-Total 213,192.37 45,303.38 90,606.76 135,910.14 Oct-12 Dec-12 61,352.09 30,676.05 30,676.05 122,704.18 0.85 26,074.64 52,149.28 78,223.91 Nov-12 Jan-13 13,760.37 6,880.18 6,880.18 27,520.73 0.85 5,848.16 11,696.31 17,544.47 Dec-12 Feb-13 68,951.35 34,475.67 34,475.67 137,902.69 0.85 29,304.32 58,608.64 87,912.96 Sub-Total 288,127.60 61,227.11 122,454.23 183,681.35 Jan-13 Mar-13 37,264.78 18,632.39 18,632.39 74,529.55 0.85 15,837.53 31,675.06 47,512.59 Feb-13 Apr-13 32,499.58 16,249.79 16,249.79 64,999.15 0.85 13,812.32 27,624.64 41,436.96 Mar-13 May-13 42,416.25 21,208.13 21,208.13 84,832.50 0.85 18,026.91 36,053.81 54,080.72 Sub-Total 224,361.20 47,676.76 95,353.51 143,030.27 Apr-13 Jun-13 31,950.38 15,975.19 15,975.19 63,900.76 0.85 13,578.91 27,157.82 40,736.73 Woodbridge Crossing Sales Tax Reimbursement Report Page 3 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie(1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement May-13 Jul-13 35,623.93 17,811.97 17,811.97 71,247.86 0.85 15,140.17 30,280.34 45,420.51 Jun-13 Aug-13 44,805.27 22,402.63 22,402.63 89,610.53 0.85 19,042.24 38,084.48 57,126.71 Sub-Total 224,759.15 47,761.32 95,522.64 143,283.96 Jul-13 Sep-13 30,171.94 15,085.97 15,085.97 60,343.87 0.85 12,823.07 25,646.14 38,469.22 Aug-13 Oct-13 31,615.59 15,807.80 15,807.80 63,231.18 0.85 13,436.63 26,873.25 40,309.88 Sep-13 Nov-13 34,215.75 17,107.88 17,107.88 68,431.50 0.85 14,541.69 29,083.39 43,625.08 Sub-Total 192,006.55 40,801.39 81,602.78 122,404.18 Oct-13 Dec-13 30,192.68 15,096.34 15,096.34 60,385.36 0.65 9,812.62 19,625.24 29,437.86 Nov-13 Jan-14 40,059.94 20,029.97 20,029.97 80,119.87 0.65 13,019.48 26,038.96 39,058.44 Dec-13 Feb-14 60,106.82 30,053.41 30,053.41 120,213.63 0.65 19,534.71 39,069.43 58,604.14 Sub-Total 260,718.86 42,366.81 84,733.63 127,100.44 Jan-14 Mar-14 34,887.18 17,443.59 17,443.59 69,774.35 0.65 11,338.33 22,676.66 34,015.00 Feb-14 Apr-14 39,550.17 19,775.09 19,775.09 79,100.34 0.65 12,853.81 25,707.61 38,561.42 Mar-14 "May-14 50,095.00 25,047.50 25,047.50 100,190.00 0.65 16,280.88 32,561.75 48,842.63 Sub-Total 249,064.69 40,473.01 80,946.02 121,419.04 Apr-14 Jun-14 42,836.52 21,418.26 21,418.26 85,673.03 0.65 13,921.87 27,843.73 41,765.60 May-14 Jul-14 44,483.44 22,241.72 22,241.72 88,966.88 0.65 14,457.12 28,914.24 43,371.35 Jun-14 Aug-14 54,191.06 27,095.53 27,095.53 108,382.12 0.65 17,612.09 35,224.19 52,836.28 Sub-Total 283,022.03 45,991.08 91,982.16 137,973.24 Jul-14 Sep-14 41,601.13 20,800.56 20,800.56 83,202.25 0.65 13,520.37 27,040.73 40,561.10 Aug-14 Oct-14 46,838.76 23,419.38 23,419.38 93,677.52 0.65 15,222.60 30,445.19 45,667.79 Sep-14 Nov-14 58,574.10 29,287.05 29,287.05 117,148.19 0.65 19,036.58 38,073.16 57,109.74 Sub-Total 294,027.96 47,779.54 95,559.09 143,338.63 Oct-14 Dec-14 46,397.97 23,198.98 23,198.98 92,795.93 0.65 15,079.34 30,158.68 45,238.02 Nov-14 Jan-15 62,438.87 31,219.43 31,219.43 124,877.73 0.65 20,292.63 40,585.26 60,877.89 Dec-14 Feb-15 93,019.09 46,509.54 46,509.54 186,038.17 0.65 30,231.20 60,462.41 90,693.61 Sub-Total 403,711.83 65,603.17 131,206.34 196,809.52 Jan-15 Mar-15 42,919.35 21,459.67 21,459.67 85,838.69 0.65 13,948.79 27,897.57 41,846.36 Feb-15 Apr-15 44,299.71 22,149.86 22,149.86 88,599.42 0.65 14,397.41 28,794.81 43,192.22 Mar-15 May-15 61,991.88 30,995.94 30,995.94 123,983.76 0.65 20,147.36 40,294.72 60,442.08 Woodbridge Crossing Sales Tax Reimbursement Report Page 4 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Sub-Total 298,421.87 48,493.55 96,987.11 145,480.66 Apr-15 Jun-15 47,156.82 23,578.41 23,578.41 94,313.63 0.65 15,325.96 30,651.93 45,977.89 May-15 Jul-15 51,820.00 25,910.00 25,910.00 103,639.99 0.65 16,841.50 33,683.00 50,524.50 Jun-15 Aug-15 63,530.67 31,765.34 31,765.34 127,061.34 0.65 20,647.47 41,294.94 61,942.40 Sub-Total 325,014.96 52,814.93 105,629.86 158,444.79 Jul-15 Sep-15 49,814.04 24,907.02 24,907.02 99,628.08 0.65 16,189.56 32,379.13 48,568.69 Aug-15 Oct-15 52,333.38 26,166.69 26,166.69 104,666.76 0.65 /7,008.35 34,016.70 51,025.05 Sep-15 Nov-15 54,260.52 27,130.26 27,130.26 108,521.03 0.65 17,634.67 35,269.33 52,904.00 312,815.87 50,832.58 101,665.16 152,497.74 Oct-15 Dec-15 48,763.81 24,381.90 24,381.90 97,527.61 0.65 15,848.24 31,696.47 47,544.71 Nov-15 Jan-16 63,303.62 31,651.81 31,651.81 126,607.23 0.65 20,573.67 41,147.35 61,721.02 Dec-15 Feb-16 99,187.99 49,594.00 49,594.00 198,375.98 0.65 32,236.10 64,472.19 96,708.29 422,510.82 68,658.01 137,316.02 205,974.02 Jan-16 Mar-16 49,991.19 24,995.59 24,995.59 99,982.37 0.65 16,247.14 32,494.27 48,741.41 Feb-16 Apr-16 42,000.94 21,000.47 21,000.47 84,001.87 0.65 13,650.30 27,300.61 40,950.91 Mar-16 May-16 63,385.72 31,692.86 31,692.86 126,771.44 0.65 20,600.36 41,200.72 61,801.08 310,755.68 50,497.80 100,995.60 151,493.39 Apr-16 Jun-16 50,205.20 25,102.60 25,102.60 100,410.40 0.65 16,316.69 32,633.38 48,950.07 May-16 Jul-16 55,183.98 27,591.99 27,591.99 110,367.95 0.65 17,934.79 35,869.58 53,804.38 Jun-16 Aug-16 75,925.05 37,962.53 37,962.53 151,850.10 0.65 24,675.64 49,351.28 74,026.92 362,628.45 58,927.12 117,854.25 176,781.37 Jul-16 Sep-16 46,925.74 23,462.87 23,462.87 93,851.48 0.65 15,250.87 30,501.73 45,752.60 Aug-16 Oct-16 63,826.65 31,913.33 31,913.33 127,653.30 0.65 20,743.66 41,487.32 62,230.98 Sep-16 Nov-16 59,856.95 29,928.48 29,928.48 119,713.90 0.65 19,453.51 38,907.02 58,360.53 341,218.68 55,448.04 110,896.07 166,344.11 Oct-16 Dec-16 52,217.94 26,108.97 26,108.97 104,435.88 0.65 16,970.83 33,941.66 50,912.49 Nov-16 Jan-17 71,458.61 35,729.30 35,729.30 142,917.21 0.65 23,224.05 46,448.09 69,672.14 Dec-16 Feb-17 92,409.12 46,204.56 46,204.56 184,818.23 0.65 30,032.96 60,065.92 90,098.89 432,171.32 70,227.84 140,455.68 210,683.52 Jan-17 Mar-17 50,495.21 25,247.60 25,247.60 100,990.41 0.65 16,410.94 32,821.88 49,232.82 Woodbridge Crossing Sales Tax Reimbursement Report Page 5 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement Feb-17 Apr-17 50,638.18 25,319.09 25,319.09 101,276.35 0.65 16,457.41 32,914.81 49,372.22 Mar-17 May-17 61,943.65 30,971.83 30,971.83 123,887.30 0.65 20,131.69 40,263.37 60,395.06 326,154.06 53,000.03 106,000.07 159,000.10 Apr-17 Jun-17 49,482.64 24,741.32 24,741.32 98,965.28 0.65 16,081.86 32,163.72 48,245.57 May-17 Jul-17 59,698.44 29,849.22 29,849.22 119,396.87 0.65 19,401.99 38,803.98 58,205.97 Jun-17 Aug-17 78,250.78 39,125.39 39,125.39 156,501.55 0.65 25,431.50 50,863.00 76,294.51 374,863.70 60,915.35 121,830.70 182,746.05 Jul-17 Sep-17 47,207.44 23,603.72 23,603.72 94,414.88 0.65 15,342.42 30,684.84 46,027.25 Aug-17 Oct-17 57,759.81 28,879.91 28,879.91 115,519.62 0.65 18,771.94 37,543.88 56,315.81 Sep-17 Nov-17 68,437.68 34,218.84 34,218.84 136,875.36 0.65 22,242.25 44,484.49 66,726.74 346,809.86 56,356.60 112,713.20 169,069.81 Oct-17 Dec-17 47,492.90 23,746.45 23,746.45 94,985.80 0.65 15,435.19 30,870.39 46,305.58 Nov-17 Jan-18! 69,316.04 34,658.02 34,658.02 138,632.07 0.65 22,527.71 45,055.42 67,583.13 Dec-17 Feb-18 108,901.17 54,450.58 54,450.58 217,802.33 0.65 35,392.88 70,785.76 106,178.64 451,420.20 73,355.78 146,711.57 220,067.35 Jan-18 Mar-18 53,776.06 26,888.03 26,888.03 107,552.12 0.65 17,477.22 34,954.44 52,431.66 Feb-18 Apr-18 51,358.31 25,679.16 25,679.16 102,716.62 0.65 16,691.45 33,382.90 50,074.35 Mar-18 May-18 69,735.56 34,867.78 34,867.78 139,471.11 0.65 22,664.06 45,328.11 67,992.17 349,739.85 56,832.73 113,665.45 170,498.18 Apr-18 Jun-18 53,783.30 26,891.65 26,891.65 107,566.59 0.65 17,479.57 34,959.14 52,438.71 May-18 Jul-18 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 65,783.63 32,891.82 32,891.82 131,567.26 0.65 21,379.68 42,759.36 64,139.04 368,311.01 59,850.54 119,701.08 179,551.62 Oct-19 Dec-18 68,458.96 34,229.48 34,229.48 136,917.92 0.65 22,249.16 44,498.32 66,747.49 Nov-19 Jan-19 64,192.89 32,096.45 32,096.45 128,385.78 0.65 20,862.69 41,725.38 62,588.07 Dec-19 Feb-19 0.00 0.00 0.00 0.65 0.00 0.00 0.00 Woodbridge Crossing Sales Tax Reimbursement Report Page 6 Filing Allocation City of 4B WEDC Applicable WEDC City Total Period Period Wylie (1%) (0.5%) (0.5%) Total Rate (%) Reimbursement Reimbursement Reimbursement 265,303.70 43,111.85 86,223.70 129,335.55 Totals 10,337,474.14 1,838,882.97 3,677,765.94 5,516,648.91 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 $11,385.79 2,846.45 Sep-17 Nov-17 46,321.69 23,160.85 23,160.85 $92,643.38 $23,160.85 Oct-17 Dec-17 4,662.38 2,331.19 2,331.19 $9,324.76 $2,331.19 Sub-Total $113,353.93 $28,338.48 Nov-18 Jan-18 6,690.47 3,345.23 3,345.23 $13,380.93 3,345.23 Dec-18 Feb-18 46,316.53 23,158.26 23,158.26 $92,633.05 $23,158.26 Jan-18 Mar-18 5,988.51 2,994.26 2,994.26 $11,977.02 $2,994.26 Sub-Total $117,991.00 $29,497.75 Feb-18 Apr-18 6,805.46 3,402.73 3,402.73 $13,610.91 3,402.73 Mar-18 May-18 41,994.46 20,997.23 20,997.23 $83,988.92 $20,997.23 CSD Woodbridge Centre-Sales Tax Reimbursement Report Apr-18 Jun-18 6,947.44 3,473.72 3,473.72 $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 49,320.18 24,660.09 24,660.09 $98,640.36 $24,660.09 Oct-18 Dec-18 7,127.12 3,563.56 3,563.56 $14,254.24 $3,563.56 Sub-Total $127,099.45 $31,774.86 Nov-19 Jan-19 7,328.98 3,664.49 3,664.49 $14,657.96 3,664.49 Dec-19 Feb-19 0.00 0.00 0.00 $0.00 Jan-19 Mar-19 0.00 0.00 0.00 $0.00 Sub-Total $14,657.96 $3,664.49 Total $1,781,699.69 $445,424.92 Note: Anticipated completion date for the$1 mm sales tax incentive obligation is 9/30/23. Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes 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. 12/31/2014 $25,000 Paid 12/31/2015 $25,000 Paid 12/31/2016 $25,000 Paid 12/31/2017 $25,000 Paid 12/31/2018 $25,000 Paid Total Incentive not to B&B Theatres Sales Tax Reimb. Qrtly Sales Tax reimbursement equal to .005 12-18 Annually exceed $600,000 Carrie Elle Receipt of documentation of minimum project cost of$15,000 for the purchase of new lequipment; current on ad valorem taxes. 1/31/2019 $2,500 ! Paid Receipt of documentation evidencing ongoing operations at 311 N. Ballard; current on ad valorem taxes. 1/31/2020 $2,500 Cross Development Purchase and take title to the property by 3/20/18. 3/20/2018 Complete Commence construction of multifamily units by 8/1/18. 8/1/2018 Complete Complete construction of retail space and at least 3,200 sf of restaurant space and obtain COC by 9/1/20. 9/1/2020 Provide documentation to WEDC evidencing: Construction costs for Phase One of$32mm; property south of Explorer Pipeline is accessible to vehicular traffic; $250,000 in expenditure for qualified infrastructure; 9/1/2020 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 personal Property; current on ad valorem taxes, continuous operations at 2774 Capital. 8/1/2019 $12,500 3. Minimum valuation of$1,200,000 for real and personal Property; current on ad valorem taxes, continuous operations at 2774 Capital.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 2/24/2017 $20,000 Paid 2/24/2018 $20,000 Paid 2/24/2019 $20,000 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven annually beginning 1-31-17 in equal amounts of Forgiveness#1-2-24-17 $70,000 for 5 years. 2017-20211 $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 2. CC for no less than 5,500 sf medical office building; and 2/28/2019 3. CO for no less than 3,200 sf medical office space 2/28/2019 4. Documentation supporting a minimum project cost of$750,000; and 2/28/2019 Outstanding Performance Agreement Summary 5. Documentation supporting a minimum cost of $20,000 for qualified infrastructure (improvements to water, sewer, storm sewer); and 2/28/2019, 6. Current on all ad valorem taxes and other property taxes; and 2/28/2019 $20,000 Paid 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 Paid Rocking M Acquire title to property by March 1, 2019; obtain building permit by April 1, 2019; Certificate of Occupancy by April 1, 2020; provide documentation evidencing$300,000 in construction costs for facility; provide documentation evidencing$89,500 in qualified infrastructure costs. 4/1/2020 $89,500 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). /31/2€ 20 Outstanding Performance Agreement Summary Maintain on property,taxable personal property owned by company valued at or above $14,375,324(Tax Threshold). 1/31/2021 B. Employee Incentive: Employ up to 45 full-time employees over 133 (Employee Threshold). One time payment of $1,000/emp $1,000 per new employee added. BPP valuation over requirement waived (first year only). 12/31/2017 Threshold Employ up to 45 full-time employees over 133 $1,000/emp (Employee Threshold). One time payment of over $1,000 per new employee added. 12/31/2018 Threshold 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 Outstanding Performance Agreement Summary 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. 12/22/2020 $50,000' Taylor&Son Certificate of Occupancy for no less than 1,290 sf office building located at 107 Jackson Street; Documentation of minimum project cost of $75,000; Documentation of construction costs of $6,400 for qualified infrastructure providing a minimum of 7 parking spaces at this location; Current on ad valorem taxes. 2/28/2019 $3,200 Woodbridge Crossing Phase I. CO for initial phase including a Super 65%sales tax reimb 2009- Target by 8/1/09. 8/1/2009 2013 ; 85%sales tax reimb No further performance requirements. Default declared reducing maximum incentive from $12 Reimbursement mm to$6 mm. 2021 spreadsheet attached Hotel Occupancy Tax Receipts �January $3,332.78 $3,910.32 $3,96O��5 8,36S�4 $8�4Q8.6S |Fabruary _ 3,773.66~ _ _3,994.91. 5,810103_ 5,016.36 9,767.37 March 4`SS9.63 S,3SO.71 6,336.2S S,7S7�O 1�3GO�q}� _ _�_______ /April _ 4,921.52 5,119.52 10,366.04 4,348.00 14,375.83 May 4,991.83 S,163�� 11,]141]O G�02.S8| 1S�E4L3S - - -�- — - " --------, ---' - � ----- --T ---------- ��--� - �June 5,692/lD 6,182.22 8,812�S 6,6O5l]S 17,191.21 - -_ _ | July 5,201.94 5,664.43 8314.57 ��14 1624.7q} August ` ��Q�9 �279.29 7�7 12,372.93 — - ----- -' ------- -------- '— ---r ----- September 5,2QO.1G S�]44.3O 7,65Q/43 5i193��9 14,369l�� _-_ -_- 'October 3.92 5,G6SJ6 7,242�K) .3O QJ�]S.16 N�wann��r Si213.87 S,1G8.76 7,}S4.GS S,O31.62 8,939.58� __ - ______ -' | December 4/930.79! 6,234.68: 6,708.86 6'637.89� 8,315.58 Total | | ' Regional Housing Permits Wylie Lavon 11 12 13 14 15 16 17 18 . 19 11 12 13 14 15 16 17 18 19 Janua ry 20 16 18 14 46 9 15 41 28 January 2 4 5 4 6 2 12 2 3 February 9 22 14 20 31 4 36 54 February 11 2 5 11 6 5 1 7 March 28 18 ' 17 30 31 43 33 61 March 3 6 3 17 8 3 0 1 April 18 29 38 10 57 41 70 49 April 1 12 24 7 11 1 1 17 May 18 20 22 26 68 101 45 48 May 1 0 9 17 4 ' 4 11 7 June 19 13 11 9 57 58 98 47 June 9 2 5 12 5 1 7 15 1 July 20 19 18 29 36 34 60 63 July 2 3 1 14 12 1 1 11 August 16 20 19 19 30 25 11 50 August 9 6 3 1 5 0 12 0 September 22 15 8 17 24 18 46 23 September 6 7 6 2 7 0 5 9 October 16 28 30 21 32 26 33 45 October 4 2 1 9 5 0 0 7 November 5 14 18 20 33 11 - 42 34 November 5 3 2 1 2 0 14 3 December 10 16 23 65 38 39 18 16 December 7 1 4 5 6 0 40 0 TOTAL 201 230 236 280 483 409 507 531 28 TOTAL 60 48 68 100 77 17 104 79 3 Murphy Sachse 1 11 12 13 14 15 16 17 18 19 11 12 13 14 15 16 17 18 19'. January 4igi 26 mmumm 0 0 January 14 8 13 18 14 16 4 15 6 February Ell 14 4 aummu 6 1 February 3 11 8 29 17 31 15 9 March 9 6 6 8 gi® 4 0 ■ March 9 12 1 13 24 31 23 5 April 8 10Immo 8 1 0 April 8 4 13 17 12 24 15 2 May III 14 murizi© 0 0 ■ May 11 17 10 21 6 21 15 9 June 6 19 le 6 Inn 0 0 III June 8 17 n 14 16 38 25 14 3 July ii 16 ifingium 8 11111 July 7 14 15 30 12 22 17 4 , August 4 ®® 16 ®M 0 0 I August 5 19 10 29 41 32 8 6 September 4 10 10 111111011 6 0 0 ■ September 12 12 17 23 27 20 3 2 October MI 16 16 11:10 1E1 0 0 ® October 8 15 25 18 31 29 10 6 NovemberUUUUU 6 0 111111 November 6 9 12 27 26 12 6 6 December 8Emig 4 0 1.1111101111 December 7 10 11 39 12 11 2 3 TOTAL 70 mi�� m� 0 TOTAL 98 148 149 280 260 274 132 70 6 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Iota 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 31 9 261 19 4 ' 4 ylie Econo ic P evelop ent Corporation E ORA DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Direct*. SUBJECT: Future Agenda Items DATE: February 8, 2019 Issue Discussion of issues to be placed on future WEDC Board Meeting agenda (no substantial consideration/discussion allowed). Analysis During this Discussion Item, Board Members will have the opportunity to propose that an issue be placed on a future agenda for consideration. The Board will note that no substantial consideration/discussion is allowed so that there will not be a violation of the Open Meetings Act which requires discussion/action items be placed on Agenda's with specific language as to what will be discussed. For example, the above language will allow a Board Member to present a request for a certain item to be placed on an agenda for consideration, but not the ability for the same Board Member to argue the merits of the issue. Conversely, another Board Member may not discuss the merits as to why they may not want that particular item on a future agenda. Recommendation This Item is for discussion only and will provide direction to Staff. No formal action is allowed.