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04-06-2000 (WEDC) Minutes Minutes WYLIE ECONOMIC DEVELOPMENT CORPORATION Thursday April 6, 2000 Board Members Present: Gary Bowland Marvin Fuller Kevin St. John John Yeager Merrill Young Staff Present: Samuel Satterwhite, Executive Director Ashley Gillean, Administrative Assistant With notice of the meeting posted in time and manner required by law and a quorum of Board members present, the Board of Directors of the Wylie Economic Development Corporation (WEDC) met in Regular Session on April 6, 2000 in the Woodbridge Golf Club Conference Room at 7400 Country Club Dr., Wylie, Texas. The meeting was called to order by President Yeager at 7:00 a.m. ITEM NO. 1 — Discuss and Consider Issues Surrounding the Expansion of Sanden International (USA), Inc. Staff informed the Board that Sanden had presented the WEDC with construction documentation detailing construction cost of $330,827 for `concrete paving'. Based upon the commitment to assist with the road, Board members instructed staff to determine if the figures presented represent additional improvements aside from the road itself, i.e. parking or fire lanes. Staff conveyed to the Board a meeting with Mr. Scott Ragsdale, Facilities Manager for Sanden to discuss construction costs and configuration of the road in relation to the fire lane. As determined by Mr. Ragsdale, construction cost for the road alone was $76,339. Items removed from the $330,827 figure were the fire lane surrounding the facility, associated engineering, and the mechanical courtyard. Board Member St. John commented that the commitment made by the WEDC was for assistance with a road to access the die cast facility. A fire lane and internal construction, should not be assumed as part of the road. Staff commented that the items removed are clearly outside the intent of the initial WEDC commitment. MOTION: A motion was made by Gary Bowland and seconded by Kevin St. John to approve a $76,339 incentive package to Sanden International. The Wylie Economic Development Board of Directors voted 5 — FOR and 0 — AGAINST if favor of the motion. WEDC - Minutes April 6, 2000 Page 2 ITEM NO. 2—Citizen Participation. There being no citizens present, the Chairman proceeded to Item No. 3. ITEM NO. 3 - Adjourn. There being no further business, the meeting was adjourned at 7:50 a.m. ohn ager, President Attest: Samuel D.R. Satterwhite Executive Director