03-27-2001 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
March 27, 2001
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John
John Yeager
Merrill Young
Staff Present:
Samuel Satterwhite, Executive Director
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 March 27, 2001 in the Woodbridge Golf Club Conference
Room located at 7400 Country Club Drive, Wylie, Texas.
The meeting was called to order by President John Yeager at 7:15 a.m.
ITEM NO. 1 — Consider and Act Upon Issues Surrounding the Development of a Carlisle
Coatings & Waterproofing , Inc. — Hardcast Division Facility within Premier Business
Park.
Staff presented the WEDC Board of Directors with a Loan Agreement between Carlisle Coatings
& Waterproofing, Inc. (CCW) and the Wylie Economic Development Corporation. The
agreement would establish an incentive package under which CCW will consolidate California,
Oklahoma, and Wylie operations into a 106,000 square foot, tilt-wall facility within Premier
Business Park. Staff indicated that these documents are the culmination of negotiations held
since May, 2000.
An amendment made to the presented documents is identified in Section 6 (e) in which the word
`retail' will be removed from line three. The WEDC does not want to limit the redevelopment of
the existing CCW site to retail, when an office development will be consistent with the
Comprehensive Land Use Plan.
Board member Young commented that the CCW expansion/consolidation is a tremendous
opportunity for the Wylie community in that employment opportunities will be increased and the
tax base will be expanded. The Board instructed staff to make the media aware as soon as
possible of the CCW project.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
WEDC —Minutes
March 27, 2001
Page 2
approve a Loan Agreement as amended and all associated documentation
between Carlisle Coatings & Waterproofing, Inc. and the Wylie
Economic Development Corporation. The motion further authorizes Mr.
John Yeager, WEDC President, to execute all documentation necessary to
effectuate the Agreement between CCW and the WEDC. The WEDC
Board of Directors voted 5 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 2 — Discuss and Act Upon Personnel Issues Surrounding Clerical Assistance
Provided to the WEDC Executive Director.
Staff indicated that for the past month, the Secretary to the City Manager has been providing the
WEDC with clerical assistance. The arrangement is proving to be very effective for the WEDC
in that the current Secretary to the City Manager is very efficient. The City Manager and staff
determined that adequate compensation for the services provided would be $1,000 per month
with those monies not subject to merit or step raises. The WEDC previously paid an annual
salary of$24,480 for an administrative assistant. Staff indicated that this arrangement can at any
time be severed and reevaluated.
MOTION: A motion was made by Kevin St. John and seconded by Marvin Fuller to
approve the expenditure of$1,000 per month as compensation to the City
of Wylie for clerical assistance provided by the Secretary to the City
Manager. The WEDC Board of Directors voted 5 — FOR and 0 —
AGAINST in favor of the motion.
ITEM NO. 3 —Citizen Participation.
There being no citizen participation, President Yeager proceeded to Item No. 4.
ITEM NO. 4 - Adjourn.
There being no further business, the meeting was adjourned at 8:20 a.m.
G�i4 /
John Yea 'r,President
Attest: --
Samuel D.R. Satterwhite
Executive Director