04-17-2019 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
Wednesday, April 17, 2019—6:30 A.M.
City of Wylie Municipal Complex—Council Conference Room
300 Country Club, Building 100—Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Bryan Brokaw called the meeting to order at 6:32 a.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
Board Member Todd Wintters gave an invocation and led the Pledge of Allegiance.
CITIZEN PARTICIPATION
Tim Gilchrist attended the Board Meeting and thanked the Board for allowing him to attend. Retail
Coach representatives Aaron Farmer and Kyle Coffer were in attendance to make a presentation
during Open Session.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the April 5, 2019 Minutes of the Wylie
Economic Development Corporation (WEDC) Board of Directors Meeting.
MOTION: A motion was made by Todd Wintters and seconded by Marvin Fuller to
approve the April 5, 2019 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 March 2018 WEDC Treasurers
Report.
Staff reviewed the Treasurers Report and called the board's attention to the following highlights:
Sales Tax Receipts continue to climb with $182,500 received in April representing a 11.6%
increase over 2018 receipts.
WEDC —Minutes
April 17, 2019
Page 2 of 4
During the month of March, the WEDC funded incentives to Parkarosa for parking improvements
near the southeast corner of Ballard and Brown, Taylor& Son for parking improvements near the
southwest corner of Marble and Jackson,and a sales tax reimbursement to Inventrust(Woodbridge
Crossing). In addition, the WEDC purchased property located at 701 S. Ballard.
MOTION: A motion was made by Marvin Fuller and seconded by John Yeager to
approve the March 2019 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 the disposition of WEDC property located at 111 North
Ballard.
Staff reminded the Board that the original intent for purchasing property located at 111 N. Ballard
from First Baptist Church Wylie was to increase parking in the downtown area. Prior to moving
forward staff had pursued acquiring adjoining property to provide increased development
opportunities. However, staff does not believe there is any near-term opportunity to acquire either
the property to the north or south of the lot. Staff sought direction from the Board to determine if
the proposed plan to provide 17 parking spaces and improve the alley that intersects Oak justified
the $174,529 for paving. In addition to the paving, a transformer must be replaced which is
estimated at$25,000.
The Board directed staff to acquire additional bids and determine what aspects of the scope of
work might be increasing the costs for this project.
MOTION: A motion was made by Demond Dawkins and seconded by Marvin Fuller to
Table this item until a future meeting to give staff time to acquire additional
bids. The WEDC Board voted 5 — FOR and 0 — AGAINST in favor of the
motion.
DISCUSSION ITEMS
ITEM NO. review issues surrounding WEDC Performance Agreement Summary,
Professional Plumbers Group, Rocking M office project, Hotel Occupancy Tax,
environmental activity summary,Jackson Street alley project,WEDC Board Appointments,
78/Brown redevelopment update, ICSC RECon 2019, 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 February for the Woodbridge Crossing shopping center decreased 11% and
Woodbridge Centre experienced a 15% increase over the same time period.
GT Construction has begun excavation of the alley project north of Oak and west of Jackson and
anticipates completion in the next two weeks depending upon weather. Demolition is nearing
completion at the Nursing Home on Brown with demolition of facilities on the Weatherford tract
scheduled on or about April 29th.
WEDC —Minutes
April 17, 2019
Page 3 of 4
Hotel Occupancy tax receipts are 43% higher year-over-year with 2 hotels reporting during both
time periods providing a true reflection of increased business activity.
Chris Hoisted joined the meeting at 7:18 a.m.
ITEM NO. 5—Retail market analysis presented by The Retail Coach.
Aaron Farmer and Kyle Cofer presented the latest retail trends and presented updated marketing
materials which will be used to market properties in Wylie at the upcoming ICSC RECon Annual
Conference and Trade Show.
ITEM NO. 6 — Discussion of issues to be placed on a future WEDC Board Meeting agenda
(no substantial consideration/discussion allowed).
No Board Member requested that an item be placed on a future agenda.
EXECUTIVE SESSION
Recess into Closed Session at 8:05 a.m. in compliance with Section 551.001, et. seq. Texas
Government Code, to wit:
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located at:
• State Highway 78 & 5th Street
• State Highway 78 & Ballard
• State Highway 78 & Skyview
• F.M. 544 & Cooper
• State Highway 78 and Alanis
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas Code
Annotated(Open Meetings Act). Deliberation regarding commercial or financial information that
the WEDC has received from a business prospect and to discuss the offer of incentives for:
• Project 2013-3a
• Project 2016-10a
• Project 2018-8b
• Project 2019-2a
• Project 2019-3b
RECONVENE INTO OPEN MEETING
Take any action as a result from Executive Session
The WEDC Board of Directors reconvened into open session at 8:45 a.m. and took no action.
WEDC—Minutes
April 17, 2019
Page 4 of 4
, I JOU" MENT
With no further business, President Brokaw adjourned the WEDC Board meeting at 8:45 a.m.
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Brya Brokaw,President
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ATTEST:
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Samuel Satterwhite,Director