05-16-2001 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
May 16, 2001
Board Members Present:
Gary Bowland (arrived at 7:20)
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 May 16, 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 7:10 a.m.
ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the April 17, 2001 Regular
Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Kevin St. John and seconded by Merrill Young to
approve minutes for the April 17, 2001 Regular Board of Directors
Meeting of the Wylie Economic Development Corporation. The WEDC
Board of Directors voted 3 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 2 —Discuss and Consider Issues Surrounding WEDC Drainage Participation on
the Carlisle Site.
Staff indicated that Carlsile had not provided adequate information prior to the WEDC Board
Meeting. Issues surrounding drainage at the Carlisle site will be brought before the WEDC
Board at a later date. No action was taken on this item.
ITEM NO. 3 — Hold a Public Hearing to Consider and Act upon a Contract with Moss
Construction Co., Inc. to Provide Sanitary Sewer to Tractor Supply Company.
A public hearing was opened to allow individuals the opportunity to speak for or against the
provision of sanitary sewer to Tractor Supply Company. With no individual coming forward to
speak for or against the provision of sanitary sewer to Tractor Supply Company, the public
hearing was closed.
WEDC—Minutes
May 16, 2001
Page 2
The WEDC Board of Directors found that by providing sanitary sewer to the Tractor Supply
Company property line, the industrial property adjacent to the improvements will benefit from
the infrastructure. Furthermore, the WEDC Board of Directors found that the development of the
Tractor Supply site, as well the property south of Tractor Supply and west of Westgate Way,
should be facilitated in order to meet the development objectives of the Wylie community.
Mr. Chris Holstead, City of Wylie City Engineer, assisted staff in soliciting bids from Tri Star
Construction, Fritz Utilities, and Moss Construction Company for the construction of sewer
improvements. Moss Construction Company provided the low bid of$51,374.70. Mr. Holstead
was satisfied with the Moss Construction Company bid.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
approve a contract with Moss Construction Company in the amount of
$51,374.70 for the construction of sanitary sewer improvements to the
Tractor Supply Company site. The WEDC Board of Directors voted 4 —
FOR and 0—AGAINST in favor of the motion.
ITEM NO. 4 — Discuss and Consider Issues Surrounding a Loan Agreement between the
WEDC and CPI Communications (Mr. Phil Easterling).
Staff informed the WEDC Board of Directors that the note between CPI Communications and
the WEDC is currently due for consideration. The final payment of $16,698 is subject to
forgiveness should there be no Event of Default as identified in the Loan Agreement. Staff
indicated that CPI is not in default of the Loan Agreement.
MOTION: A motion was made by Gary Bowland and seconded by Merrill Young to
forgive principal and interest payments associated with payment 3 under
the Loan Agreement between CPI Communications and the WEDC. The
motion further authorized the WEDC President John Yeager to execute a
Release of Lien between Phil Easterling and the WEDC. The WEDC
Board of Directors voted 4 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 5 — Discuss and Act Upon Issues Surrounding the Purchase of Property
Generally Located near the Intersection of Martinez Lane and Kristen Lane.
Staff indicated that Raynor Garage Doors, represented by CB Richard Ellis, had responded to the
offer made by the WEDC for the purchase of 10.01 acres. The counter received is $0.1153 per
square foot higher than the WEDC offer. Staff commented that the WEDC should formally
respond following receipt of the Holland Hitch response. No action was taken on this item.
WEDC—Minutes
May 16, 2001
Page 3
ITEM NO 6— Citizen Participation.
There being no citizen participation, President Yeager proceeded to Item No. 7.
ITEM NO. 7—Adjourn
There being no further business, the meeting was adjourned at 7:55 a.m.
Jo e ger, President
Attest:
Samuel D.R. Satterwhite
Executive Director