Loading...
06-19-2019 (WEDC) Agenda Packet • - ., ', NOTICE OF MEETING ECONOMIC DEVELOPMENT CORPORATION Regular Meeting Agenda June 19, 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 Marvin Fuller Treasurer Demond Dawkins Board Member Eric Hogue, Mayor Ex-Officio Member Chris Hoisted, 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.wylietexas.gov within the required time frame. CALL TO ORDER 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 June 6, 2019 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the May 2019 WEDC Treasurer's Report. DISCUSSION ITEMS III. Discuss issues surrounding Resolution No. 2019-17(R). IV. Discuss issues surrounding the FY 2019 - 2020 WEDC Budget. V. Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, environmental activity summary, 78/Brown redevelopment update, ICSC RECon 2019, active project summary, and regional housing starts. WEDC—Agenda June 19, 2019 Page 2 of 2 VI. 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 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 2019-6a • Project 2019-6b RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on the 14th day of June 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: www.wylietexas.gov. Stephanie Storm,City Secretary Date Notice Removed Minutes Wylie Economic Development Corporation Board of Directors Meeting Thursday, June 6, 2019—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78 —Wylie, Texas CALL TOO ' PER Announce the presence of a Quorum President Bryan Brokaw called the meeting to order at 6:30 a.m. Board Members present were Todd Wintters, John Yeager, and Marvin Fuller. Mayor Eric Hogue and City Manager Chris Hoisted 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 John Yeager 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 June 6, 2019 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 June 6, 2019 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 4 — FOR and 0 —AGAINST in favor of the motion. ITEM NO. 2 — Consider and act a Performance Agreement between the WEDC and E&H Industries. L.L.0 Staff informed the Board that he was still awaiting information pertinent to this item and asked that the Board table the item to a future meeting. MOTION: A motion was made by Marvin Fuller and seconded by Todd Wintters to table this Item to the July Regular Meeting of the WEDC. The WEDC Board voted 4—FOR and 0—AGAINST in favor of the motion. WEDC—Minutes June 6, 2019 Page 2 of 6 ITEM NO. 3 —Consider and act upon ratification of a Residential Contract for the purchase of real property located at 503 S. Ballard and further authorize WEDC President Brokaw to execute all documentation necessary to effectuate the transaction. Staff reviewed an executed Residential Contract between the WEDC and Mr. Gary Braley for the purchase of Lot 11, Block A of the Butler Subdivision (503 S. Ballard) for a purchase price of $175,000. As per the direction provided in Executive Session, staff executed the contract and further provided the opportunity for Mr. Braley to occupy the property for up to twelve months from closing at no cost other than utilities and maintenance. The subject property represents a key acquisition for WEDC/City redevelopment efforts on South Ballard. Board Member Fuller inquired about the twelve-month occupancy by Mr. Braley and specifically whether his occupancy entitled him to lease the property to others and whether or not he would insure the property and be responsible for maintenance and repair. Staff responded that the lease which would take effect at closing, would not allow for sub-letting to others and would require renter's insurance be obtained for the contents of the property. The WEDC would insure the structure as we do with all or our properties. Mr. Braley would be responsible for all costs associated with his tenancy including maintenance and repair. MOTION: A motion was made by Todd Wintters and seconded by John Yeager to ratify a Residential Contract for the purchase of real property located at 503 S. Ballard in the amount of $175,000 and further authorize WEDC President Brokaw to execute all documentation necessary to effectuate the transaction The WEDC Board voted 4—FOR and 0—AGAINST in favor of the motion. ITEM NO. 4—Consider and act upon ratification of a Purchase Sale Agreement between the WEDC and The Kansas City Southern Railway Company for the purchase of an approximate 2.563 acre tract of land situated in the J. Truitt Survey,Abstract No. 920, and the F. De La Pina Survey,Abstract No. 688, City of Wylie, Collin County, Texas and being the same tract of land as described in deed to Gulf Colorado & Santa Fe Railway Company, recorded in Volume 30, Pages 470-471, Deed Records, Collin County,Texas and further authorize WEDC President Brokaw to execute all documentation necessary to effectuate the transaction. Staff presented for ratification an executed Purchase Sale Agreement between the WEDC and The Kansas City Southern Railway Company for the WEDC purchase of 2.563 acres generally located at the southwest corner of Brown Street and State Highway 78. The purchase price of $669,882 is based upon an appraisal of $6 psf received by KCS for the property. Funds for the acquisition are earmarked within the loan secured from The American National Bank of Texas for the acquisition of properties near the intersection of Brown&78. Debt service associated with said loan are identified within the FY 2019—2020 WEDC Budget. WEDC—Minutes June 6, 2019 Page 3 of 6 MOTION: A motion was made by Marvin Fuller and seconded by Todd Wintters to ratify a Purchase Sale Agreement between the WEDC and The Kansas City Southern Railway Company for the purchase of an approximate 2.563 acre tract of land situated in the J. Truitt Survey, Abstract No. 920, and the F. De La Pina Survey, Abstract No. 688, City of Wylie, Collin County, Texas and being the same tract of land as described in deed to Gulf Colorado & Santa Fe Railway Company,recorded in Volume 30,Pages 470-471,Deed Records, Collin County, Texas and further authorize WEDC President Brokaw to execute all documentation necessary to effectuate the transaction. The WEDC Board voted 4—FOR and 0—AGAINST in favor of the motion. ITEM NO. 5—Consider and act upon an Amendment to Performance Agreement between the WEDC and Cross Development, LLC. Staff informed the Board that as presented in previous Board Meetings, Cross Development is requesting a 120-day extension to complete Performance Obligations set forth within Section 2 of the Performance Agreement. The extension was requested to offset significant construction delays resulting from an extraordinarily wet 4th quarter of 2018. The City Manager will be presenting an Amendment to the Wylie City Council for a Chapter 380 Agreement between Cross and the City of Wylie requesting an identical extension to the Completion Date. Staff recommended that the Boards' action be subject to City Council approval of the 380 Agreement. Board Member Wintters expressed concern that this amendment was pre-mature given the time remaining until Cross is contractually obligated to be complete and the possibility of future weather delays. Staff explained that these concerns had been communicated and Cross was aware that no future extensions would be granted. Board Member Fuller confirmed that Cross had requested a 90-day extension and, since no future extensions will be granted, the Amendment provides for a 120-day extension. MOTION: A motion was made by Todd Wintters and seconded by John Yeager to approve an Amendment to Performance Agreement between the WEDC and Cross Development, LLC. The WEDC Board voted 4 — FOR and 0 — AGAINST in favor of the motion. ITEM NO. 6—Consider and act upon an Amendment to Performance Agreement between the WEDC and SCSD-Finnell,Ltd. Staff reviewed an Amendment to Performance Agreement to address additional opportunities associated with the Finnell project adjacent to Wylie Printing. Under the original Performance Agreement, Finnell was required to secure at least one Certificate of Occupancy (CO) by August 31,2019 for partial reimbursement of Qualified Infrastructure expenses. Additionally,Finnell was required to secure at least 60% restaurant uses within the 10,000 square foot center by December WEDC—Minutes June 6, 2019 Page 4 of 6 31,2020 to receive the remainder of the reimbursement incentive. Total Reimbursement Incentive available to Finnell under the original Agreement was $75,000. Under the proposed Amendment, Finnell must still achieve at least one certificate of occupancy by August 31, 2019 but is also required to secure 66% in restaurant uses no later than January 31, 2020. Total Reimbursement Incentive available to Finnell under the Amendment is $175,000. With added infrastructure participation Finnell will be able to secure a Fish N' Tails Oyster Bar which has locations in Richardson (2), Plano, and Garland. Fish N' Tails will be relocating one of its Richardson operations to Wylie and entering into a 10-year lease with Finnell. Further, Fish N' Tails required the developer to pay 100%of the finish out costs and expand the proposed patio. Staff has reviewed the financials of this user with average sales of other locations generating sales tax in excess of the total WEDC Reimbursement Incentive in approximately 24 months. Finnell is pleased to secure a user which is unique to Wylie, provides such a quality alternative for Wylie residents, and will complement the adjoining WEDC lot and existing retail/commercial developments. MOTION: A motion was made by John Yeager and seconded by Marvin Fuller to approve a First Amendment to Performance Agreement between the WEDC and SCSD-Finnell,Ltd. The WEDC Board voted 4—FOR and 0—AGAINST in favor of the motion. ITEM NO. 7—Consider and act upon issues surrounding the relocation of a NTMWD 42" water distribution line impacting potential commercial development at State Highway 78 and Brown Street. As discussed in Executive Session, there is a 42"NTMWD water line running parallel to Hwy 78 and directly through the 2.563-acre KCS property. After discussions with various developers, engineers and architects, staff believes that the current alignment impacts the buildable area enough to warrant relocation of the water line. Relocating the line not only reduces the setback on the development and creates a more efficient site, but also creates the potential for an additional QSR pad site. Staff believes that the reduced setback will drastically aid in marketability and the additional cost of moving the line will be offset by an additional pad sale. Board Member Fuller raised concerns about the cost-benefit relationship associated with moving this line at this time with no developer identified for the site. MOTION: A motion was made by John Yeager and seconded by Marvin Fuller to approve a First Amendment to Performance Agreement between the WEDC and SCSD-Finnell, Ltd. The WEDC Board voted 3—FOR and 1 —AGAINST in favor of the motion, with Marvin Fuller dissenting. DISCUSSION ITEMS ITEM NO. 8—Discuss issues surrounding the FY 2019-2020 WEDC Budget. WEDC—Minutes June 6, 2019 Page 5 of 6 Staff presented a first draft of the FY 2019 - 2020 WEDC Budget to the Board and sought input from Board Members prior to a second Budget Work Session tentatively scheduled for June 4111. As is the case every year, staff has worked closely with Finance to develop an accurate Beginning Fund Balance being that the WEDC budgets to have those monies available for the following year and bases its expenditures on the same. The WEDC has estimated $5,818,412 in available resources including a beginning fund balance of$327,291. Sales Tax projections are typically estimated in March. At that time, year-end receipts for FY 2018 —2019 were calculated at $2.82 mm, or a 10% gain over FY 2018 — 2019. From the year- end total, staff has budgeted for a conservative 5% growth rate for FY 2019—2020 creating sales tax projections of$2,960,895. In FY 2018 —2019, staff had budgeted for the sale of the WEDC pad site on Highway 78. With no contract pending, staff has carried that sale over to FY 2019 — 2020 along with the potential sale of a pad site within the 544 Gateway property which is experiencing significant activity. In addition to operating funds for FY 2019-2020, Incentives for known projects are $1,016,889 with $500,000 allocated for future projects which arise during the budget year. $1,415,325 will be allocated to debt service with three loans being retired in FY 2018 - 2019 and two loans transitioning to P&I in FY 2019 - 2020. Finally, $575,000 will be allocated to Street & Alleys for development costs associated with the Brown& 78 site. Staff indicated a second Budget Work Session will be held in June with a final draft being presented to Council on July 11th 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. Mr. Satterwhite called the Board's attention to the fact that this meeting would be the last Board Meeting he would attend prior to Mr. Fuller's departure from the Board. He thanked Mr. Fuller for his service and dedication through the years to the City of Wylie and the WEDC. Chris Hoisted and Mayor Hogue left the meeting at 8:01 a.m. and did not return. EXECUTIVE SESSION Recess into Closed Session at 8:02 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: WEDC—Minutes June 6, 2019 Page 6 of 6 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 & Skyview • State Highway 78 & Alanis • State Highway 78 & F.M. 544 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 2017-12b • Project 2019-8b • Project 2019-6a RECONVENE INTO OPEN MEETING Take any action as a result from Executive Session The WEDC Board of Directors reconvened into open session at 8:36 a.m. and took no action. Marvin Fuller addressed the Board expressing that it had been his honor to serve on the Board. He thanked Sam Satterwhite for his leadership of the WEDC and wished him well in the future. ADJOU" MENT With no further business, President Brokaw adjourned the WEDC Board meeting at 8:37 a.m. Bryan Brokaw, President ATTEST: Samuel Satterwhite, Director ylie cono ic I evelop ent Corporation EMS - A DU TO: Jason Greiner, Assistant Director FROM: Angel Wygant, Senior Assistant SUBJECT: May 2019 Treasurer's Report DATE: June 10, 2019 Issue Consider and act upon approval of the May 2019 WEDC Treasurer's Report. Analysis Sales Tax Receipts continue to rise with $234,174 received in May representing a 17.43% increase over 2018 receipts. To date for FY 2018-2019 Sales Tax receipts are 17.27% greater than in FY 2017-2018. 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. Accounts Rec — Forgivable Loans - $140,000. This figure represents the loan made to Exco Extrusion Dies in the amount of$350,000. The first 3 loan payments were forgiven on February 241h of 2017, 2018 and 2019 respectively and in accordance with the terms of the Performance Agreement. Assuming Exco remains in compliance, the remaining 2 loan payments will be forgiven in equal amounts of$70,000 on an annual basis effective February 24th. Deferred Outflows - $577,988.87. This is the total of incentive payments which are due in the future. A breakdown of these charges includes: Exco Extrusion Dies — $20,000, DCU - $31,988.80, DANK Real Estate - $83,000, Cross Development - $250,000, SCSD-Finnell - $75,000 Carrie Elle - $2,500, Rocking M - $89,500, Professional Plumbers Group - $26,000. Balance Sheet,page 2: Deferred Inflow - $78,000. 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 not in place ($350,000 - $155,000 = $195,000). The first three payments of $39,000 were forgiven on February 2th of 2017, 2018 and 2019 respectively, two payments remaining. WEDC May 2019 Treasurers Report June 10, 2019 Page 2 of 3 Revenue and Expense Report,page 2: Rental Income — $26,205.50. Austin Said - $6,000, Wheels Unlimited - $2,870, Richmond Hydromulch - $1,000, Trimark - $2,070, Wylie Northeast - $2,000, Helical Concepts - $800, Heath - $10,465.50 and Gallagher - $1,000. Bank Note Proceeds - $187,658.20. ANB Draw Loan#7 for the purchase of 204 N. 2nd Street. Revenue and Expense Report,page 3: Office Supplies - $1,402.05. General Office Supplies ($64.15) Scanner App ($455), Pad Folios ($680.50), Server Battery ($202.40). Postage - $39.70. KCS ($30.10), TCEQ &Holland Incentive ($9.60). Tools/Equipment — Non-Capital - $1,098.41. Laptop Computer. Funds budgeted in Capital — Computer/Hardware/Software but value doesn't qualify as Capital Expenditure. Finance is transferring funds to Non-Capital Account. Food Supplies - $139.65. WEDC Board Meeting Meals Special Services — $109,218.21. TxDOT Appraisal ($800), Karan Demolition ($103,000), Surveyor Tape ($4.97), Application Fee — Finnell Variance ($100), Janitorial Svc ($157.50), Property Management/Repairs—Brown ($5,155.74). Advertising - $4,000. Lifestyle Video Production. Community Development - $3,146.06. Chamber Banquet Sponsor ($1,000), Chamber Luncheon ($105), Pedal Car Sponsor ($131.77), Christian Care Center Sponsor ($1,065), Collin Prayer Breakfast ($300), Rotary Mtg Sponsor($44.29), Wylie Way Banquet Sponsor($500). Travel & Training — $5,672.12. Sporting Event— KCS ($2,500), Training Webinar ($138), CTE Event ($42.14), Site Selection Conference ($1,042.57), Bus. Mtg/Prospect Recruitment ($1,053.54), ICSC Air—Greiner(571.60), ICSC Room Deposit( $324.27). Dues& Subscriptions - $741.24. Club Corp—April. Engineering& Architectural - $190. Brown & 78 Architectural. Land - $257,26.20. Purchase of 204 N. 2nd Street ($185,158.20), 503. S. Ballard Earnest & Option ($5,100), KCS ROW Earnest ($66,988). Streets & Alleys - $153,098.12. Marble & Oak Alley($151,443) and Alley Design ($1,655.12). WEDC May 2019 Treasurers Report June 10, 2019 Page 3 of 3 Recommendation Staff recommends that the WEDC Board of Directors approve the May 2019 Treasurer's Report. Attachments May 2019 Treasurer's Report Wylie Economic Development Corporation Statement of Net Position As of May 31,2019 Assets Cash and cash equivalents $ 519,364.93 Receivables $ 140,000.00 Note 1 Inventories $ 11,519,352.18 Prepaid Items $ Total Assets $ 12,178,717.11 Deferred Outflows of Resources Pensions $ 101,121.55 Total deferred outflows of resources $ 101,121.55 Liabilities Accounts Payable and other current liabilities $ 7,753.18 Unearned Revenue $ 79,200.00 Note 2 Non current liabilities: Due within one year $ 125,594.87 Note 3 Due in more than one year $ 6,177,078.09 Note 4 Total Liabilities $ 6,389,626.14 Deferred Inflows of Resources Pensions $ (30,407.41) Total deferred inflows of resources $ (30,407.41) Net Position Net investment in capital assets $ - Unrestricted $ 5,920,619.93 Total Net Position $ 5,920,619.93 Note 1: Includes incentives in the form of forgivable loans for$140,000 Note 2: Exco amortization;deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$14,237 Note 4: Includes$3,436,511.53 draw-down of the approved$4,500,000 loan from American National Bank as of May 31,2019 6-14-2019 10:08 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: MAY 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT4 TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 517,364.93 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 140,000.00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 11,519,352.18 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 577,988.87 12,756,705.98 TOTAL ASSETS 12,756,705.98 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 0,56 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 2,458.28 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 6-14-2019 10:08 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: MAY 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 5,234.34 2000-20210 ACCOUNTS PAYABLE 0.00 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 577,988.87 2000-20810 DUE TO GENERAL FUND 0,00 2000-22270 DEFERRED INFLOW 78,000.00 2000-22275 DEC INFLOW - LEASE PRINCIPAL 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-22915 RENTAL DEPOSITS 1,200.00 TOTAL LIABILITIES 664,942.05 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESEEV/UNDESIG 9,729,021.76 TOTAL BEGINNING EQUITY 9,729,021.76 TOTAL REVENUE 4,897,421.18 TOTAL EXPENSES 2,534,679.01 REVENUE OVER/(UNDER) EXPENSES 2,362,712.17 TOTAL EQUITY & OVER/(UNDER) 12,091,763.93 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 12,756,705.98 6-14-2019 10 08 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: MAY 31ST, 2019 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE ASSETS 1000-10312 GOVERNMENT NOTES 0,00 1000-18110 LOAN - WEDC 0.00 1000-18120 LOAN - BIRMINGHAM 0.00 1000-18210 AMOUNT TO BE PROVIDED 0.00 1000-18220 BIRMINGHAM LOAN 0,00 1000-19050 DEE OUTFLOW TMRS CONTRIBUTIONS 35,543,29 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 CH( ( 30,407.41) 70,714.14 TOTAL ASSETS 70,714.14 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 81,193.87 2000-20311 COMP ABSENCES PAYABIZ-CURRENT 14,237.00 2000-21410 ACCRUED INTEREST PAYABLE 3,991.77 2000-28205 WEDC LOANS/CURRENT 107,366.10 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 ANB LOAN/EDGE 0.00 2000-28233 AND LOAN/PEDDICORD WHITE 0.00 2000-28234 ANB LOAN/RANDACK HUGHES 0.00 2000-28235 AND LOAN 0.00 2000-28236 ANB CONSTRUCTION LOAN 0.00 2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 251,320.68 2000-28238 ANB LOAN/BUCHANAN 0.00 2000-28239 AND LOAN/JONES:HOBART PAYOFF 0.00 2000-28240 HUGHES LOAN 0.00 2000-28242 ANB LOAN/HWY 78:5TH ST REDEV 3,436,511.53 2000-28245 AND LOAN/DALLAS WHIRLPOOL 2,000,000.00 2000-28247 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 CAZAD 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 6,302,672.96 6-14-2019 10:0£3 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: MAY 31ST, 2019 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE EQUITY 3000-34590 FUND LAIANC.E-UNRESERV/UNDESIC( 3,412,605.24) 3000-35900 UNRESTRICTED NET POSITION ( 120,264.00) _3 TOTAL BEGINNING EQUITY ( 532,869.24) TOTAL REVENUE ( 3,436,511.53) TOTAL EXPENSES ( 737,421.95) REVENUE OVER/(UNDER) EXPENSES ( 2,699,089.58) TOTAL EQUITY & OVER/(UNDER) ( 6,231,958.82) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 70,714.14 6-14-2019 10:10 AM CITY OF WYLIE PAGE;: I REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: MAY 31ST, 2019 1.11-WYLIE ECONOMIC DEVEL CORP FINANCIAL SUMMARY CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET REVENUE SUMMARY TAXES 2,600,000.00 274,299.18 0,00 1,411,004.45 000 1,188,995.55 54.27 INTERGOVERNMENTAL REV. 0.00 0.00 0,00 0.00 0..00 0.00 0.00 INTEREST INCOME 3,600.00 433.31 0,00 6,835.40 0.00 ( 3,235.40) 189.87 MISCELLANEOUS INCOME 1,675,166,00 26,205.50 0.00 43,069,80 0,00 1,632,096.20 2.57 OTHER FINANCING SOURCES 4,500,000.00 187,656.20 0.00 3,436,511.53 0.00 1,063488.47 76.37 TOTAL REVENUES 8,778,766.00 488,596.19 0.00 4,897,421,18 0.00 3,881,344.82 55.79 EXPENDITURE SUMMARY 10 ,5 ,3052.12 DEVELOPMENT CORP-WEDC 9,871,731,13 948,�759..,..¢; ._...0 0,....._0 ...2 39 ...... ......�.679.01 0.00 7,337,052.12 25.68.„-�_...,... TOTAL EXPENDITURES 9,871,731.13 448,754.10 0.00 2,534,679.01 0.00 7,337,052.12 25.68 REVENUE OVER/(CINDER) EXPENDITURES ( 1,092,965.13) 39,842.09 0.00 2,362,742.17 0.00 ( 3,455,707.30) 216.18- o-m-zoa 10.10 AM czrr OF w,Lzs rxco. z cEvomvs AND ovpow,o popoar (UNAuozroo) AS or. MAY uar. xo/n ,,,-°,Lzm oCowmyzo nono^ CORP °svowvux cmmuwr cvpaowr emzom YEAR z-r-o ,'r'o aovoFr OF avm`or ,oazon en vuJvor. xcrv^L oncvmaa^wro oa/^nco avoror TAXES 4000-40150 aov IN Lom or c^xuo 0.00 u�vn v�oo 0.00 0,00 u�no 0.00 4000-40210 ;scov rm 21600,000.00 0.00 _51�27 rorxc T^xox z'snn'vou.00 xr«.zoo�`o o�vn 1.411'004�45 v�vo z.Iov.ous.so 54,27 !XTERGOVERN14ENTAL REV 4000-43518 soo ocownmIC ^cuoomowrn 0.00 ^ ^ 0.00 0�00� 0,00 0,00 _ _ o�o� ~_0'00 rnr^L zwTomoo,oammEmraL mov, 0.00 n�ov o�vo 0,00 0,00 0.00 0.00 «oon o*o5o coprzrzc^ro OF oEcnozr 0,00 o�vn n,00 o�on o�oo 0,00 o�oo 4000-46110 ^LLocaroo zmzEmsxr s^mwznna 3'600�00 433�:1 o.^ou 6'835,40 u�vo 3'235�40, 189�8/ 4000 ^o14o roxvno^ zmTo^ooz o�vo 0.00 v.vo e�ou 0.00 0.00 0.00 4000-46143 ^oGzc zmr000,r o�ov 0,00 0.00 v oo 0,00 v�ou 0.00 ^onn «s15o zmrmno;r o^pmzmcs 0,00 0.00 o^vo 0,00 0.00 0,00 0.00 4000-46160 ^o^m mop^xmomr (puzwczr^L) 0.00 0.00 olnu 0,00 0.00 0,00 0,00 «000 «vzzo oamK momoz m^moor zmzonuor 0.000�00 _-_-&00 _ - ^.0''00 �L�0 _0.�L ror^L zmro*uoT zwnomo 3'ono�nn ^�s�z� o�no a'x^^.vo v.ov `'zzx�^o) 189.87 MISCELLANEOUS INCOME 4000-48110 nomruL zmcmvo 122'440.00 26'205�50 o-vn 75'728�86 v."n 46'711,14 61.85 «ovv ^o,zo uocovom, rnznn YEAR oxrsm 0,00 0.00 o_oo o�vo n�oo 0,00 n�nv «oou «n^10 MzsruLL^morvo zmcomm 0.00 o�nn v-nn 0,00 0.00 o�no 0.00 4000 ^o«sn :Azm/(mox) n^^F, or cuc ^nS_11ssc,7zo�00 0�00 32,659�06) _ 0.00 1,585a385,06i _ 2,10_ rora^ arnnoLL^wonon zmmmo 116,:'166.00 zo.uos�sv v�vo ^s'000�uo v�vn 1'632'0e6�20 2,57 OTHER FINANCING SOURCES «uun 4v1*o rxuwnron FROM somou^L rvwu 0.00 o�oo u�on 0,00 oxno 0.00 0.00 «uoo 4yaz5 a^wn wnro puoCoouo ^'nvn'ovo.ov 187'658�20 0,00 3.436'511�53 u~vv 1'06/'438.47 `s�`' 4000-49550 zouoo pazwczp^L paxmowru ,o o�no 0.00 o�on olov o^oo 0,00 0,00 4000-49600 zwSna^nCn aomvmazoo _ ^0,00 . � 0.00 _ _ 0�00 ' ' »'«» u�«n 0,00 ^.vO TOTAL nrno, czwxpczwo xnvmcoo 4'500'000�00 rm'nsw�zu o�oo 3'436'511�53 o�on /'063'488.4, 76,37 ror^c xnvomnEx 8',78./66.00 "oo'noo�zv o�on "'ev�'"zz�zo 0,00 3'881'344 uz 55.79 6-14-2019 10:10 AM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF MAY 31ST, 2019 ill 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 0.00 167,463,63 0.00 102,712.37 64.60 5611-51130 OVERTIME 0.00 0.00 0.00 0,00 0.00 0.00 0.00 5611-51140 LONGEVITY PAY 1,452.63 0.00 0.00 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 0.00 0.00 0.00 0.00 0.00 5611-51170 PARAMEDIC INCENTIVE 0.00 0.00 0.00 0,00 0.00 0.00 0.00 5611-51210 CAR ALLOWANCE 12,600.00 969.26 0.00 7,996.39 0.00 4,603.61 63.46 5611-51220 PHONE ALLOWANCE 4,656.00 0.00 0.00 3,492,00 0.00 1,164.00 75.00 5611-51230 CLOTHING ALLOWANCE 0.00 0.00 0.00 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 0.00 29,610,09 0.00 16,068.91 64.98 5611-51410 HOSPITAL & LIFE INSURANCE 41,277.00 3,327.23 0.00 26,605.83 0.00 14,671,17 64.46 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0,00 0.00 0.00 0.00 0.00 0.00 5611-51420 LONG-TERM DISABILITY 1,655.00 86.85 0.00 770.01 0.00 884,99 46.53 5611-51440 FICA 18,863.00 1,386.56 0.00 9,433.10 0.00 9,429.90 50.01 5611-51450 MEDICARE 4,412.00 324.28 0.00 2,724.50 0.00 1,687,50 61.75 5611-51470 WORKERS COMP PREMIUM 396.00 0.00 0.00 302.39 0.00 93.61 76.36 5611-51480 UNEMPLOYMENT COMP (TWC) 810.00 0,00 0.00 27.00 0.00 783.00 3.33 ,....., TOTAL PERSONNEL SERVICES 422,180.63 32,406.12 0.00 270,072.94 0.00 152,107.69 63.97 SUPPLIES 5611-52010 OFFICE SUPPLIES 6,000.00 1,902.05 0.00 2,952.35 0.00 3,047.65 49.21 5611-52040 POSTAGE & FREIGHT 890.00 39.70 0.00 53.25 0.00 836.75 5.98 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 0.00 1,098.41 0.00 1,098.41 0.00 ( 1,098.41) 0.00 5611-52810 FOOD SUPPLIES 2,150.00 139.65 0.00 1,134.69 0.00 1,015.31 52.78 5611-52990 OTHER 0 00. 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL SUPPLIES 9,040.00 2,679.81 0.00 5,238.70 0.00 3,801.30 57.95 MATERIALS FOR MAINTENANC 5611-54630 TOOLS & EQUIPMENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-54810 COMPUTER HARD/SOFTWARE 2,000.00 187.50 0.00 2,600.00 0.00 ( 600.00) 130.00 5611-54990 OTHER 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 TOTAL MATERIALS FOR MAINTENANC 7,000.00 187.50 0.00 2,600.00 0.00 4,400.00 37.14 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 1,122,100.50 0.00 0.00 291,922.28 0.00 830,178.22 26.02 5611-56040 SPECIAL SERVICES 633,900.00 109,218.21 0.00 528,018.83 0.00 105,881.17 83.30 5611-56080 ADVERTISING 127,000.00 4,000.00 0,170 25,200.00 0.00 101,800.00 19.84 5611-56090 COMMUNITY DEVELOPMENT 68,100.00 3,146.06 0.00 37,087.18 0.00 31,012.82 34.46 5611-56110 COMMUNICATIONS 9,628.00 3,241.29 0.00 6,805.83 0.00 2,822.17 70.69 5611-56180 RENTAL 29,328.00 2,444.00 0.00 21,608.00 0.00 7,720.00 73.68 5611-56210 TRAVEL & TRAINING 55,425.00 5,672.12 0,00 24,991.90 0.00 30,433.10 45.09 5611-56250 DUES & SUBSCRIPTIONS 30,610.00 741.24 0.00 14,972.46 0.00 15,637.54 48.91 5611-56310 INSURANCE 4,310.00 0.00 0.00 4,004.71 0.00 305.29 92.92 5611-56510 AUDIT & LEGAL SERVICES 39,000.00 0.00 0,00 28,424.50 0.00 10,575.50 72.88 5611-56570 ENGINEERING/ARCHITECTURAL 30,000.00 190.00 0.00 6,159.99 0.00 23,640.01 20.53 5611-56610 UTILITIES-ELECTRIC 2,400'" 198.41 0.00 2,328.78 0.00 71.22 97.03 TOTAL CONTRACTUAL SERVICES 2,151,801.50 128,851.33 0.00 991,524.46 0.00 1,160,277.04 46.08 6-14-2019 m.m xm czrx or WYLza eaos: 4 no"omvs AND oxcumSs vornRr - 'vwanozrso) AS OF: MAY oxr' zozo IzI'w,Lzm Ecomnmzc msvoL CORP ouvocuPMmmr cnor-wooc cEe^mcmumrvL uxeEmnzrvmov cumpo"r CURRENT razuv YEAR x-r-o x-r'o a"m`or w or nvncEr rmmznn en acovor. anrvvL owrv~mo^mro o^mwcE ovocEr DEBT SERVICE & CAP, RFPT, 5611 o7/m ooar nsnvzCE 0.00 o�vo 0,00 0.00 0,00 n�no 0.00 5611 o,*m rnzwoI,aL PAYMENT ''ozo'nnz.ou m.cso�«s 0.00 739'131�64 0,00 888'919,36 45,40 5611 o741n zwropExz ox,opno 343'898 no 22'684��7 0.00 132.903,18 u'oo 20.994,82 38,65 5611 577zo BAD DEBT oxprmco 0�00 0�00 0�00 0.00 _�____��y �__ ��y ��l rorvL voar nonvzcs & cup� norL /'971'949�00 61'943�22 o�ou o,z'ns^,oz n�on 1.0*9'9/1.18 44,22 CAPITAL 5611-58110 mwo-ennrmnu ruzcs «'000'non.no 257'24+�20 o`oo 3./81'312~19 oo 1,018'197.62 /n./y 5611-58120 osvcLopaonr roor 0.00 n oo 0.00 o o oo 0,00 0,00 5611-58lbn Luwo-aorrcmmnNrs 0,00 o�oo v'nn 0101101 p,uo v�nn 0,00 5611-58/10 Srnomrx ^ xcLom 507'760�00 153.098,12 0.00 321'12.0�09 0.00 1o6'639,9' 63�24 5*11-58410 uumzraez SEWER 0.00 u�nu v�nv oJio 0.00 0,00 0,00 5611-58810 cnmrorom xuno/norrnano 1,000,00 0.00 0.00 o�op 0,00 z'000�oo 0,00 5+u-58830 rnnwzromo ^ ,zxrnxsu 1'000.00 o�on v^on o,an 0.00 1.000,00 «.»« 5611'58910 ovzLozws, 0.00 o�oo v,00 oon n oo 0.00 0,00 56/1-58995 comzmu caeIraL vvcLuY L_18�.658�20) _ 0.00 ~3,209�24,18) n�o �7O�7I�18 ~_��L rnruL rac/rvL nnrL^, 5'309'760�00 222'68*,12 n�no 393'208.09 0.00 4'916'551.91 7,41 OTHER FINANCING (USES) ���1-5y/11 rmau,ro��� sowsnuL rvwu 0.00 o�oo 0.00 0.00 n^oo «,«» »,«» 5611-59/90 ra^morop To ruvxoourvau zw, o�no o�on n�on 0.00 0.00 0.00 0,00 5611-59430 rxxwSn^m TO c^,zrvL pno^ rn 0.00 n�nv 0.00 o�oo 0.00 o on 0,00 5611 5pvon raoJocr xcoonmrzmc -0.02 - 0�00' v.«o _-�00 rorxL vruow rzmxwnzms (vxou) n�oo n�oo 0,00 0.00 0.00 0.00 0.00 rnrnL oovouznyomr coar-w000 9'871'731 13 448',54.10 0.00 2'534'6`9,01 0.00 7.337'052�12 25�68 _-__�� ^~^^^^^.. ,.,,�~-, ~, �- _______�~�-�==~�____==_. -____-_-____ TOTAL sxpumo/rvRox 9'8/1'731.13 448'754�10 0,00 2'534'679�0' 0.00 7'33,'052.12 2s�68 no,awvo OVER (Umoov) oxmmozrnwnn /'092'965�13) /9'842 oo n�on 2.362'7*2�1-7 0.00 3'455'707�30/ u'n�`o- ^'^ smo on mopmxr -~ 6-14-2019 :10:21 AM DETAIL LISTING PAGE: 1 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: May-2019 THRU May-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS; 5611-52010 THRU 5611-58910 POST DATE TRAM N REFERENCE PACKET DESCRIPTION==== -- VEND INV/JE q NOTE ===-AMOUNT - -===BALANCE-=== 5611-52010 OFFICE SUPPLIES BEGINNING BALANCE 1,550.30 5/08/19 5/07 A42944 CHK: 103462 09655 ENVELOPES/PAPER/FILES 000392 27.384 WEDC 64.15 1,614.45 5/17/19 5/17 A43850 OFT: 000831 09997 SCANNER APP 000912 8277 MAY19 GREINER 455,00 2,069.45 5/17/19 5/17 A43845 DFT: 000831 09993 PROMO ITEMS 000912 8277 MAY19 WYGANT 514.00. 2,583.45 5/17/19 5/17 A43845 DFT: 000831 09993 SVR BATT--WARANTY PL 000912 3277 MAY19 WYGANT 23.80 2,607.25 5/17/19 5/17 A43845 DFT. 000831 09993 SRVR BATTERY 000912 8277 MAY19 WYGANT 178.60 2,785.85 5/17/19 5/1/ A43845 DFT: 000831 09993 PROMO ITEM 000912 8211 MAY19 WYGANT 166.50 2,952.35 __>_ MAY ACTIVITY DB: 1,402.05 CR: 0.00 1,402.05 5611-52040 POSTAGE & FREIGHT BEGINNING BALANCE 13.55 5/07/19 5/07 2342993 CHK: 103462 09655 UPS-KCS 000392 27383 WEDC 20.85 34.40 5/17/19 5/17 A43845 DFT. 000831. 09993 TCEQ - SAF HOLL-INCE 000912 8277 MAY19 WYGANT 9.60 44.00 5/17/19 5/17 A43845 OFT: 000831 09993 SHIPPING - KCS 000912 8277 MAY19 WYGANT 9.25 53,25 MAY ACTIVITY DB: 39.70 CR: 0,00 39.70 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) BEGINNING BALANCE 0.00 5/17/19 5/1.7 A43845 DFT: 000831 09993 LAPTOP 000912 8277 MAY19 WYGANT 1,098,11 1,098.41 -.— MAY ACTIVITY DB: 1,098.41 CR: 0.00 1,098.41 5611-521.60 TOOLS/ EQUIP - $100-$999.99 BEGINNTNG BALANCE 0.00 5611-52810 FOOD SUPPLIES BEGINNING BALANCE 995.04 5/17/19 5/17 A43845 DFT: 000831 09993 WEDC BED MTG MEAIL 000912 8277 MAY19 WYGANT 47.65 1,042.69 5/17/19 5/17 A43845 DFT: 000831 09993 WEDC BOARD MTG MEAIL 000912 8277 MAY19 WYGANT 2.00 1,044,69 5/1.7/1.9 5/17 A43845 DFT: 000831 09993 WEDC BOARD MTG MEAL 000912 8277 MAY19 WYGANT 90.00 1,134.69 -_— -a-- =—: MAY ACTIVITY DB: 139.65 CR: 0.00 139.65 5611-52990 OTHER 6-14-201.9 10:21. AM DETAIL LISTING PAGE: 2 FUND : 1I1-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: May-20.19 THRU May-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS 5611-52010 THRU .5611-58910 POST DATE TRAN It REFERENCE PACKET------DESCRIPTION- ---- VEND INV/JE I NOTE ---AMOUNT-- -==BALANCE —BEGINNING BALANCE 0.00 5611-54630 TOOLS & EQUIPMENT BEGINNING BALANCE 0.00 5611-54810 COMPUTER HARD/SOFTWARE 3 E 43 1 N N I N 1 BALANCE 2,112.50 5/16/19 5/16 A43672 CHK: 103626 09961 ON SITE:SERVER SERVICE 004806 20334 WEDC 187.50 2,600.00 - = MAY ACTIVITY DB: 187.50 CR: 0.00 187.50 ----------------------------------------------------------------------------------------------------------------------------------- 561.1-54990 OTHER BEGINNING BALANCE 0.00 5611-56030 INCENTIVES BEGINNING BALANCE 291,922.28 5611-56040 SPECIAL SERVICES BEGINNING BALANCE 418,800.62 5/15/19 5/15 2543601 CHK: 103607 09945 APPRAISAL-TXDOT TRAC 005309 190508200 WEDC 800.00 419,600.62 5/16/19 5/16 A43701 CHK: 1.03640 09963 DEMO-KARAN-WEATHER 001026 19424 WEDC 103,000.00 522,600.62 5/17/19 5/17 A43845 OFT: 000831 09993 SURVEYOR TAPE 000912 8277 MAY19 WYGANT 4.97 522,605.59 5/23/19 5/23 A442.59 CHK: 103774 10150 ALBERT VARIANCE APP FEE 000101 052219 100.00 522,705.59 5/23/19 5/23 2544265 011K: 10.3778 10152 JANITORIAL-MAY19 002330 48396 MAY19 WEDC 157.50 522,863.09 5/31/19 5/31 A44774 CHK: 103905 10315 PROP MGMT - MAY 005262 235 5,155.74 528,018.83 DB.. 109,218.21 CR: 0.00 109,218.21 5611-56080 ADVERTISING BEGINNING BALANCE 21,200.00 5/14/19 5/14 A43529 CHK: 103584 09907 LIFESTYLE VIDEO-POST 005134 4852 WEDC 4,000.00 25,200.00 ._,,-,,,,,—”. MAY ACTIVITY DRY 4,000.00 CR: 0.00 4,000.00 5611-56090 COMMUNITY DEVELOPMENT I3 E G I h N t N L BALANCE 33,941.12 5/15/19 5/15 A43594 CIIK: 103611 09945 CHAMBER BANQ SPONSOR 000468 9303 WEDC 1,000.00 34,941.12 5/15/19 5/15 A43595 CHIC: 103611 09945 CHAMBER LUNCHEON 000468 9397 WEDC 105.00 35,046.12 6-14-2019 10:21 AM DETAIL LISTING PAGE: 3 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: May-2019 THRU May-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRO 5611-58910 POST DATE TRAM # REFERENCE PACKET======DESCRIPTION - VEND INV/JE # NOTE ---- AMOUNT---= --BALANCE-- 5/15/19 5/15 043621 CHIC: 103621 09949 WISED WYLIE WAY BANQ SPUN 001735 030719 WEDC 00 500, , 35,546.12 5/16/19 5/16 A438I8 OFT: 000831 09989 CH CARE CTR-SPONSOR 000912 8277 MAY19 SATTER 650,00 36,196.12 5/16/19 5/16 A43818 OFT: 000831 09989 CH CARE CTR, SPONSOR 000912 8277 MAY19 SATTER 415,00 36,611,12 5/16/19 5/16 0418118 OFT: 000831 09989 PEDAL CAR SPONSOR 000912 8277 MAY19 SATTER 2,61 36,613.73 5/1G/19 5/16 A43818 OFT: 000831 09989 PEDAL CAR SPONSOR 000912 8277 MAY19 SATTER 18,36 36,632,09 5/16/19 5/16 A13818 OCT: 000831 09989 PEDAL CAR SPONSOR 000912 8277 MAY19 SATTER 110..80 36,742.89 5/17/19 6/11 R65700 18780 JE31168 R/C HOTEL DEP JEll 031168 324,27CR 36,418.62 5/17/19 5/17 043845 DFT: 000631 09993 COLLIN PRYR BREAK 000912 8277 MAY19 WYGANT 300,00 36,718,62 5/17/19 5/17 A13845 OFT: 000631 09993 ROTARY MTG FOOD 000912 8277 MAY19 WYGANT 44.29 36,762.91 5/17/19 5/17 043845 OFT: 000831 09993 MGM GRAND-HOTEL DEP 000912 8277 MAY19 WYGANT 324..27 37,087.18 ,,, MAY ACTIVITY DR: 3,470.33 CR: 324.27CR 3,146,06 5611-56110 COMMUNICATIONS BEGINNING BALANCE 3,564.54 5/08/19 5/08 A43043 CHK: 103481 09702 INTERNE-WEDC APR25-MAY24 004568 2101577989 APR25 228,37 3,792.91 5/15/19 5/15 A43561 CHK: 103599 09929 TABLET SERVICE 001797 82249579907 APR19 113.97 3,906.88 5/16/19 5/16 043818 OFT: 000831 09969 TELEPHONE SVC 000912 8277 MAY19 SATTER 177.39 4,084,27 5/17/19 5/17 A43850 DFT: 000831 09997 SALES FORCE 000912 8277 MAY19 GREINER 2,369,72 6,453.99 5/17/19 5/17 A43850 OFT: 000831 09997 MICROSOFT OFC 000912 8277 MAY19 GREINER 255.84 6,709.83 5/17/19 5/17 A,13850 DFT: 000831 09997 SCHEDULING TOOL 000912 8277 MAY19 GREINER 96,00 6,805.83 MAY ACTIVITY DE3 3,241.29 CR: 0.00 3,241.29 ------------------------------------------------------______________________________________________---------------- 5611-56180 RENTAL BEGINNING BALANCE 19,164,00 5/08/19 5/08 A43000 CUE: 103471 09679 COPIER RENTAL 003509 109570 194.00 19,358.00 5/22/19 5/22 044114 CHK 103736 10103 OFFICE RENT JUN19 003231 052019 WFDC JUN19 2,250.00 21,608,00 MAY ACTIVITY DR: 2,444.00 CR: 0,00 2,444.00 5611-56210 TRAVEL & TRAINING BEGINNING BALANCE 19,319,78 5/14/19 5/14 043498 CHK: 103579 09899 051319 BUSINESS MEETINGS 000317 051319 MTGS/DUES 702.11 20,021.89 5/16/19 5/16 A43618 OFT: 000831 09989 BUS EMENT-KCS-DEV PT 000912 8277 MAY19 SATTER 2,500.00 22,521.69 5/16/19 5/16 043818 OCT: 000831 09989 BUS EVENT EDGE 000912 8277 MAY19 SATTER 243.56 22,765.45 5/16/19 5/16 043868 DFT: 000831 09989 BUS MTC-YOUNG, NO1ST 000912 8277 MAY19 SATTER 35.58 22,801.03 5/17/19 6/11 665700 18780 JE31168 R/C HOTEL DEP JE# 031168 324.27 23,125.30 5/17/19 5/17 043850 DFT: 000831 09997 DALLAS-STATE OF MKT 000912 8277 MAY19 GREINER 138.00 23,263.30 5/17/19 5/17 043850 OCT: 000831 09997 BRE MTG 000912 8277 MAY19 GREINER 36.20 23,299,50 5/17/19 5/17 A43850 OFT: 000831 09997 PROSPECT DEV EVNT 000912 8277 MAY19 GREINER 36.09 23,335.59 5/17/19 5/17 A43850 DFT: 000831 09997 SITE SELECT CONF-GRE 000912 8277 MAY19 GREINER 781.80 24,117,39 5/17/19 5/17 043850 OFT: 000831 09997 ICSC-AIR-GRIENER 000912 8277 MAY19 GREINER 571.60 24,688.99 6-14-2019 10:21. AM DETAIL LISTING PAGE: 4 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: May-2019 THEN May-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN I REFERENCE PACKET DESCRIPTION--- --- VEND INV/JE # NOTE AMOUNT------ ----BALANCE---- 5/17/19'/19 5/17 A43850 OFT: 0008.31. 09997 CTE LUNCH 000912 8277 MAY19 GREINER 42.14 24,731,13 5/17/19 5/17 A43850 OFT: 000831. 09997 SITE SEL. CONF-MEAL 000912 8277 MAY19 GREINER 18.16 24,749.29 5/17/19 5/17 A43850 OFT 000831 09997 SITE SEL CON-MEAL 000912 8277 MAY19 GREINER 3.50 24,752.79 5/17/1.9 5/17 A43250 DFT: 000831 09997 SITE SEL-REBOOK 000912 8277 MAY19 GREINER 34.67 24,787.46 5/17/19 5/17 A43250 OFT: 000831 09997 SITE SEL REBOOK 000912 8277 MAY19 GREINER 106.00 24,293,46 5/17/19 5/17 A43850 OFT: 000831 09997 SITE SEL - MEAL 000912 8277 MAY19 GREINER 26,45 24,919.91 5/17/11.9 5/17 A43850 GET: 000831 09997 SITE SEL - UBER 000912 8277 MAY19 GREINER 19,20 24,939.1.1 5/17/19 5/17 A43850 DFT: 000831 09997 SITE SEL - UBER 000912 8277 MAY19 GREINER 34,31 24,973.42 5/17/19 5/:17 A43850 DFT: 000831 09997 SITE SEL - UBER 000912 8277 MAY19 GREINER 18,46 24,991.90 -- - MAY ACTIVITY DB: 5,672,12 CRC 0.00 5,672.12 ---------------------------------------------------------------------------------------------------------------------------------- 5611-56220 PROFESSIONAL TRAINING BEGINNING BALANCE 0.00 561.1.-56250 DUES & SUBSCRIPTIONS REGINNING BALANCE 14,231.22 5/14/19 5/14 A43498 CHK: 103579 09899 051319 DUES & FEES 000317 051319 MTGS/DUES 741.24 14,932,46 -,,.gy",,--- MAY ACTIVITY DB: 741.24 CR: 0.00 741,24 5611-56310 INSURANCE B ECTNNING BALANCE 4,004.71 5611-5651.0 AUDIT & LEGAL SERVICES BEGINNING BALANCE 28,424,50 5611-56570 ENGINEERING/ARCHITECTURAL BEGINNING BALANCE 5,969.99 5/15/19 5/15 A43600 CHK: 103604 09945 HWY 78 & BROWN-ARCHITECT 005135 18044A42619 190.00 6,159.99 MAY ACTIVITY DB: 1.90,00 CR: 0.00 190,00 5611-56610 UTILITIES-ELECTRIC BEGINNING BALANCE 2,130.37 5/23/19 5/23 A44242 CHK. 1.03768 10148 WATER-COMMERCE 0001.01. 1.26-02541-00 AP8-M 63.71 2,194,82 5/23/19 5/23 A44278 CHK: 103776 10152 ELEC WEDC MAR5-APR.3 003302 1171655189 MR5-AP3 94.07 2,288.15 5/23/19 5/23 A44279 CHK: 103776 10152 WATER-WEDC 003302 122-1040-01 MR1I-A 25,24 2,313.39 5/23/19 5/23 A44280 111K: 103776 10152 GAS - WEDC MAR19 003302 3029287066 MAR19 15.39 2,328.78 8 .:,. MAY ACTIVITY DB: 198.41 CR: 0.00 198,41 6-14-2019 10:21. AM DETAIL LISTING PAGE: 5 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: May-2019 THRU May-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-.57110 DEBT SERVICE BEGINNING B A , A N C E 0.00 561.1-57410 PRINCIPAL PAYMENT BEGINNING BALANCE 699,873.19 5/02/19 5/07 B65287 Bnk Dft 050219 1.8643 JE30950 K6M PMT #44 JE# 030950 8,600.94 708,474.13 5/15/19 5/15 1165395 Bnk Dft 05:L519 18674 JE31008 WB PEWS PMT #57 JE# 031008 12,583.99 721,058.12 5/22/19 5/22 065476 Bnk Dft 05221.9 18705 JE31048 BUCHANAN PMT #57 JE# 031048 7,240.53 728,298.65 5/22/19 5/22 P65477 Bnk DIt 052219 18705 JE31049 JARRARD PROP #29 JE# 031049 2,203.38 730,502.03 5/31/19 6/05 B65601 Bnk Dft 053119 18744 .7E31109 K&M PMT #45 JE# 031109 8,629.61 739,131.64 ��..,- MAY ACTIVITY DB: 39,258.45 CR: 0.00 39,258,45 5611-57415 INTEREST EXPENSE BEGINNING BALANCE 110,218.41 5/02/19 5/0/ B65287 Bnk Dft 050219 18643 JE30950 K&M PMT #44 JE# 030950 144.31 110,362.72 5/10/19 5/10 A43273 DFT:: 000824 09794 ANB LN-3982- PMT 5 003207 88193982 051019 14,077.02 124,439.74 5/15/19 5/15 065395 Bnk Dft 051519 18674 JE31008 MB PKWY PMT #57 JE# 031008 683.94 125,123.68 5/22/19 5/22 B65476 Bnk Oft 052219 18705 JE31048 BUCHANAN PMT #57 JE# 031048 91.42 125,215.10 5/22/19 5/22 B65477 Bnk DLL 052219 18705 JE31049 JARRARD PROP #29 JE4 031049 905.77 126,120.87 5/22/19 5/22 B65478 Bnk Oft 052219 18705 3E31050 DALLAS WIIIRIPL PMT#30 JE# 031050 6,666.67 132,787.54 5/31/19 6/05 D65601 Bnk DEL 053119 18744 JE31109 K6M PMT #45 JE# 031109 115.64 132,903.16 MAY ACTIVITY DB 22,684.77 CR: 0.00 22,684.77 56.1.1-57710 BAD DEBT EXPENSE BEGINNING BALANCE 0.00 5611-5811.0 LAND-PURCHASE PRICE BEGINNING BALANCE 3,524,565.98 5/09/19 5/09 A43189 DFT: 000823 09767 204 N. 2ND STREET PURCHA 003164 1901351900177 185,158.20 3,709,724.1R 5/30/19 5/30 A44605 CHK: 103860 10272 OPTION FEE 1 052919 WEDC 100.00 3,709,824.18 5/30/19 5/30 A44620 CHK: 103864 10274 503 S. BALLARD - EARNEST 003164 052919 WEDC 5,000.00 3,714,824.18 5/31/19 5/31 A44717 CHK: 103906 1.0318 KCS ROW - EARNEST 003164 053119 WEDC 66,988,00 3,781.,812.1E _ MAY ACTIVITY OBa 257,246.20 CR: 0.00 257,246.20 5611-58120 DEVELOPMENT FEES e-14-2019 10.21 am o m r A z L L z o r r N s nusE. s romo . 111-wxLzo ocomomzc oEroL CORP poazou no USE: May- uzy rHRn Mav-cozo cErz . 611 oovozmPMamT onar-waoc accOUNco' 5611-52010 runn 5611-58910 rnor DATE raom o omFoauwoo e^cnor 000cazprzom---- vomo rmv/ms * NOTE —===Am mwr--- o o o r m m z m o n n L A m c E 0.00 ~---_-__------__-__-___-_---____-_-~ ~_--__---_.__-_--~_-__~~__~_-----^-_-__--___-___~-_~~_____~~__---~-_~____~~^~-__ 5s1x-soz5o LAND-BETTERMENTS a E o z m m z m a a u L A o o o n�ou ~----~-~-~~----------~----~~-~------~--_---_----_-.---_--_------__--------_-r__--~-_------_----__----------_-------____-_--r suzz-suxzn nrmmETo a ALLEYS o o m z m m I m G a a L A m o E 168,021�97 s/uo/zy 5/02 A42641 ooK. 103390 nesmu ALLEY- armm wAno�F. & OAK 001910 4181 151'443�00 31.e'464.97 5/15/19 5/15 A43591 roK. 103606 09e45 ALLEY oEazGm a mmnzNEooz 000196 1827r w000 1'655,12 321,120,09 =--_~~�= �� MAY xczzVzrx oo. 153'0e8�12 on. o�no zss,00n�zo ----------------------------------------------------°^~_-~~_^~= ____^~~___~____-___~_~-___^__-_~-_--_--__--_"-~~----------_--. 5sz1-so4zo aamzrAnY aowoo a o o z u m z m G o u L A m n m n on ------------------------------------------------------------------------------------------------------------------------------------- 5611-58810 Cmaroroo oaoo/aoprwAam o E s z m m z m m o a L a m c E 0,00 ------------------------------------------------------------____~_--_____--__._____-__--___--_~°_-__-_-°~_-_--_-_=--_~_-__~__-~_~_ soz1-nno»o rnmwzcoas ^ rzxromsn o o o z m m z w o a a T� u m c o 0.00 -----------------------------------~-~=------~--~---~-----------=------~---_-___----_--------_'_=_-=--_---------_-r~---_---____� 5ozz-5ayzu aozLozmGn o F o z m m z m m a x J. A m c F o�un nnn onaoso IN THIS nEpoa`/ °° oapoac rorALn °° --- 000zro --- -- croozro --- BEGINNING auLANooaz 5'370'324,07 0.00 aEmnaTao acrznzrx. 604,330.45 324,27oa Emmzm: auLmncoo. 5'e-14'654,52 32*.27oa roruL Fomo omozmo aALANcov 5,974,330�25 6-14-2019 10.21 AM u o r A z L L z a r r m s euoE,. r aoLEorzom CRorEnzu _--_------=_----_------__-----_---_-__------__--_-------__- _--_-_--_---_---___-----------__-___-_--- nzocaL YEAR. uct-zu,o / oee-2019 rnmm. Include. 111 eoazoo TO USE: may-2019 raan M=z-201e rRANsacTzoma. Bors ------__—_-_-------------~_--_---r--___----__----_---_ _�--_-_--------'_---_----------------~-*------~----' acconmr uoLoCrrom AComnmz mAmoE. 5611-52010 raao 5*11-58910 oopamrmEar mamoo. - cHmo - acczVo Fonoa ONLY. NO ^ozrrr ac000mr ONLY. NO zmcLnoE, mEsrnzczoo AomnNrs. NO ozozr aoLocrzom. ----_----=-_~----_=-~-___---_-_--=----_----rr-_----_-----___---~---_-----_---__--r---__--r---_- ------_,---__----__---___, rxzmr oerzomo DETAIL mszr accovmcS WITH NO ocrzvzrx. NO rnmr omoommanmcoe. NO enzmr vomoum NAME. NO rmzmz pmoaaczo. NO rmzmc JonnmaL omrax moros. NO razmc momraLz rozAzs. YES eczmr GRAND TOTALS. NO rarmr. zmnozca * PAGE BREAK or. momm ------------------------------------------------------------------------------------------------------------------------------------ *** omo OF aoeORz °°° Wylie Economic Development Corporation Balance Sheet Sub Ledger May 31, 2019 Notes Payable Date of Add'I draws Rate of Principal Purchase Payment Beginning Bal. to date Princi al Interest Interest Balance May 1, 2019 5,876,219.95 ANBTX-88130976 WOODBRIDGE PKWY (#57 of 80) 8/15/14 13,267.93 312,324.07 12,583.99 688.94 2.61 299,740.08 ANBTX-88148481 BUCHANAN(#57 of 60) 8/13/14 7,331.95 29,740.30 7,240.53 91.42 3.77 22,499.77 ANBTX-88158043 K&M/HOBART(#44 of 48) 9/2/15 8,745.25 43,746.56 8,600.94 144.31 4.00 35,145.62 ANBTX-88158357 DALLAS WHIRLPOOL(#30 of 60) 11/22/16 varies 2,000,000.00 0.00 6,666.67 4.00 2,000,000.00 JARRARD GRAYS AUTO(#29 OF 120) 12/1/16 3,109.15 241,537.69 2,203.38 905.77 4.50 239,334.31 ANBTX-88193982 ANB-BROWN&78(#4 OF 60)* 12/12/18 varies 3,248,853.33 254,646.20 0.00 14,077.02 5.25 3,503,499.53 May 31, 2019 $30,628.84 $22,574.13 $6,100,219.31 Highway 78 Brown-ANB Loan#88193982 ANB - Draw Loan $4,500,000 Draw#1- 12/13/18 204,775.58 O'Donald Property-410 E. Brown. Draw#2 - 12/19/18 1,250,391.20 Karan Property-300 E. Brown. Draw#3 - 1/3/19 176,742.75 Wallace Property-502 E. Brown. Weatherford Property- 303 E. Marble ($741,856.21); O'Donald - Fees ($510); Earnest Reimbursement- Weatherford ($15,000);Turner Draw#4- 1/25/19 1,065,042.66 Property-504 E. Brown ($307,676.45-closed prior to loan). Brothers JV-306 and 308 N. 2nd Street ($145,923.04); Pulliam -300 Draw#5 -2/25/19 364,399.74 N. 2nd Street ($218,476.70). Draw#6-4/17/19 187,501.40 Swayze-208 N. 2nd Street($187,501.40). Draw#7-5/9/19 187,658.20 Swayze- 204 N. 2nd Street ($187,658.20), Draw#8-6/3/19 66,988.00 KCS ROW Purchase Principal Balance: $3,503,499.53 Interest Only payments 1/12/19 through 6/12/19. Principal &Interest Payments begin 7/12/19 through maturity date (12/12/23). Payments: Date Interest Principal Total Payment 1 of 60 1/12/2019 $3,694.02 $0 $3,694.02 2 of 60 2/12/2019 7,609.56 0 7,609.56 3 of 60 3/12/2019 13,342.34 0 13,342.34 4 of 60 4/12/2019 14,636.98 0 $14,636.98 5 of 60 5/12/2019 14,077.02 0 14,077.02 6 of 60 6/12/2019 15,645.36 0 $15,645.36 Total Paid: $69,005.28 $69,005.28 - Wylie Economic Development Corporation |nventorySubledoar May 31. 2O1Q Inventory'Land Date of Pur. Address Acreage Improvements Cost Basis Sub-totals Cooper N1cK8aabare 7/12/05 709Cooper 0.40 O n/a $202.045 Heath 12/28/05 706Cooper 0.46 $32,005 3.825 180.934 Perry 8/13/06 707Cooper 0.49 O Oomm 200.224 Bow|ond64ndernon 10/8/07 Cooper Dr. 0.37 D n/a 106.419 . KCG 8/1/08 Cooper Dr. 0.41 O n/a 60.308 Duel Products 9/7/12 7D4 Cooper Dr. 0.50 U n/a 127.452 Rondook 10/23/12 711-713 Cooper Dr. 1.09 217,500 8.880 400.334 Lot2R3 7/24/14 Cooper Dr. O�S5 O n/a 29^058 $1.31�^G72 ��- -Industrial Ct. Ind CX-Hwy 78 7/06-4/18 Ind Ct-Hwy 78 1.45 O n/a 824,486 ' ` ------ 029 32.893 3 Commerce Hobart Investments 11/12/13 Commerce 1.60 0 n/a 156,820 Hobart 1X6/14 605Commonce 1.07 396.263 20.000 386.380 Dallas | 2y G Kirby 4.79 128 2,725,280 Downtown Heath ^ 3/17/14 104N. Jackson ` 0.17� - O Demo 220.034 Udoh 2V12/14 109K8erble 0.17 D n/a 70.330 Peddionrd 12/12Y14 1OOVV. Oak 5t 0.35 155.884 4.444 488.032 City Lot 12/12/14 108/110Jookaon 0.35 O n/a Jonae (K&K8) 9/3/15 106 N. Birmingham 0.21 42.314 4.125 190.596 FBC Lot 6/15/18 111 N. Ballard St 0.20 O n/a 150.804 `_ _ _ ===�`FFA.ViUage^^=~��.�,,°,��' _ 1/7/18 102._N Birmingham 0.17 35^390=_ = 910`=== �=99,804 1_17^760 .' ,��U hs White Property(A i ) 2/1 6.83 O /o South 83aUDamd Birmingham Trust 6/3/15 505'607G. Ballard 1.12 � � O n/a 409.380 Murphy 3/7/19 701 S. Ballard 030 115724 1,312 172,487 581,877 Wallace 12/18/18 502E. Brown 0.19 24.837 680 204.775 Nmnan 12/28/18 300E. Brown 2.39 0 D 1.250.391 O'Dons|d 1/7/19 410E. Brown 0.19 04.421 940 177.044 Weatherford 2/12/19 303 Marble 3.17 O O 757.488 BrothensJV 2/26/19 306 & 308N. 2ndGtn 0.38 O n/a 145.823 Pulliam 2/37/01 3OON. 2ndStreet 0.28 122.784 1.304 218.472 Swayze 4/18/19 308 N. 2nd 8tnasd 0.28 73.313 1.800 187.501 Swayze 5/8/19 204 N. 2nd Street 0.26 121^781 ,2,033187^658 3.437.433 Total 33.94 $1,748,395 70.253 $11,519,352 $11,519,352 *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 nf land value. ~Primomuts total purchase price was$306,664.45.The distribution between 207 Industrial and R,O.W. purchased was developed by Seller for tax purposes. WEDC Leasehold Subledger Tenant Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 19-May Jun-19 Helical Concepts 1st 6/25/18 7/26/18 8/24/18 9/26/18 10/29/18 11/26/18 12/31/18 1/24/19 3/1/19 3/25/19 4/24/19 5/28/19 Wheels Unlimited 15th 7/16/18 8/16/18 9/14/18 10/17/18 11/5/18 12/15/18 1/15/19 2/18/19 3/18/19 4/12/19 5/15/19 Trimark Catastrophe 15th 7/11/18 8/2/18 9/17/18 10/8/18 11/8/18 12/11/18 1/2/19 2/10/19 3/4/19 3/29/19 5/7/19 6/7/19 Dennis Richmond 1st 7/16/18 8/6/18 9/10/18 10/16/18 11/5/18 12/6/18 12/31/18 2/11/19 3/12/19 3/19/19 5/10/19 6/7/01 Austin/Said LLC 1st 7/3/18', 8/31/18 9/14/18 10/18/18 11/14/18! 12/6/18 1/9/19 2/11/19 3/12/19 4/11/19 5/9/19 6/14/19 Austin/Said LLC 1st 7/3/18, 8/31/18 9/14/18 10/18/18 11/14/18 12/6/18 1/9/19 2/11/19 3/12/19 4/11/19 5/9/19 6/14/19 Wylie Northeast 1st 7/3/18 8/2/18 9/5/18 10/3/18 11/5/18 12/4/18 1/2/19 2/4/19 3/1/19 4/3/19 5/1/19 6/3/19 Gallagher 1st 4/26/19 5/10/19 5/28/19 WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report April 2019 DATE PAYEE AMOUNT PURPOSE INDIVIDUAL/GROUPS PRESENT 4/12/2019 American Airlines Center 2,500.00 Business Event WEDC, KCS, Development Partners 04/19/19 Frisco Lakes 243.56 Business Event WEDC, Edge 04/29/19 Christian Care Center 1,065.00 Taste of Wylie Sponsor n/a 05/04/19 Walmart 131.77 Pedal Car Race Sponsor n/a 04/30/19 Ballard Street Cafe 35.58 Business Meetin• Young, Hoisted 05/02/19 Cytracom 177.39 Telephone Service n/a TOTAL'; 4,153.30 WEDC Assistant Director JPMorgan Chase Expense Report April 2019 DATE VENDOR PURPOSE AMOUNT 4/9/19 Vision -E Scanner App for Sales Force 455.00 4/10/19 SalesForce Annual License 2,369.72 4/12/19 La Flor BRE 36.20 4/15/18 Uber Prospect Development 36.09 4/18/19 American Airlines Site Selection Conference 922.47 4/23/19, American Airlines ReCon 571.60 4/25/19 544 Café BRE/CTE 42.14 4/27/19 Microsoft Microsoft Office 255.84 4/30/19 BISNOWDallas State of the Market 138.00 5/2/19 Calendarly Calendar Scheduling Tool 96.00 5/2-5/4/19 Site Selection Site Selection Conference- Meals 48..11' 5/2-5/4/19 Uber Site Selection Conference-Transporation 71.99 Total 5,043.16 WEDC Senior Assistant JPMorgan Chase Expense Report April 2019 DATE VENDOR PURPOSE AMOUNT 4/5/19 Chick Fil A WEDC Board Mtg. Meal 47.65 4/12/19 Col. Littleton Promo Items 680.50 4/15/19 Amazon Server Battery 202.40 4/17/19 Chiloso/McDonalds WEDC Board Mtg. Meal 92.00 4/22/19 Collin Prayer Breakfast Sponsorship 300.00 4/23/19 Chick Fil A Rotary Sponsor 44.29 4/29/19 Home Depot Surveyor Tape 4.97 4/30/19 USPS Postage-TCEQ & SAF Holland 9.60 5/1/19 Nebraska Furniture Mart Laptop Computer 1,098.41 5/3/19 USPS Postage- KCS 9.25 5/3/19 MGM Grand Recon - Room Deposit 324.27 Total 2,813.34 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OFJUNE 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 167,082 191,648 182,852 208,222 25,370 13.87% APRIL 154,920 168,844 163,485 182,500 19,015 11.63% MAY 238,646 244,816 203,707 274,299 70,592 34.65% JUNE 180,194 191,732 199,412 234,174 34,762 17.43% 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 $1,645,178 $243,309 17.27% AUDIT ADJ TOTAL $2,481,757 $2,627,376 $2,562,759 $1,645,178 $243,309 17.27% WEDC SALES TAX ANALYSIS $350,000 - 1 $300,000 • . _ ' Im $250,000 -I-------- , - 1 "-"o „, _ a•rr. -.,..- - I $200,000 at-- .. ._, ....,.i - . .„ _. -, - , a .. - , . . $150,000 - IP, 4,,,,,,, . . • : ' I • . 1 $0 ,....••--------•!---- • -:- -"' - ' '''''• • - - ' + • ' - -1 - - a - 1 '' 1 -- i ' '' I ' ;35 a• as -5 .,-7 ,,,>.• 2 ....-. in' ,5 ',f, ,5 ' g 13 '.- .ft = 2, en -1" -1" -° E ,_ag, -3 = E 2 E . , a cf) Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Director SUBJECT: Resolution No. 2019-17(R) DATE: June 14, 2019 Issue Discuss issues surrounding approval requirements between the WEDC and Wylie City Council. Analysis At the June 11, 2019 City Council meeting, Resolution No. 2019-17(R) was passed. The resolution requires the Wylie Economic Development Corporation to obtain City Council approval of projects prior to executing the agreement. Staff has attached the resolution to this memo and would like to present this for discussion at the Board President's request. Recommendation No action is requested by staff. Attachment Resolution 2019-17(R) RESOLUTION NO. 2019-17(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, REQUIRING THE WYLIE ECONOMIC DEVELOPMENT CORPORATION TO OBTAIN CITY COUNCIL APPROVAL OF PROJECTS WITH THIRD PARTIES BEFORE EXECUTING THE AGREEMENT AND PROVIDING FOR AN EFFECTIVE DATE HEREOF. WHEREAS, the Wylie Economic Development Corporation ("Wylie EDC") has the authority to expend the proceeds of the economic development sales tax for the purposes authorized by the Development Corporation Act; and WHEREAS, the City of Wylie retains the authority to approve all programs and expenditures, including promotional expenditures, of the Wylie EDC as authorized by the Development Corporation Act and the Bylaws of the Wylie EDC; and WHEREAS, the City of Wylie desires to approve any Project (as defined by the Development Corporation Act) proposed or approved by the Wylie EDC before it executes the agreement with a third party. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS: SECTION 1. The findings set forth above are incorporated into the body of this Resolution as if fully set forth herein. SECTION 2. Any Project proposed or approved by the Wylie EDC must be approved by the City Council of Wylie before the Wylie EDC executes the agreement with a third party. SECTION 3. A copy of this Resolution shall be forwarded to the Wylie EDC. SECTION 4. This Resolution shall be effective immediately upon its passage. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS on this 11th day of June, 2019. Eric Hogue, Mayor ATTEST TO: Stephanie Stoi in, City Secretary Resolution No.2019-17(R)Requiring the Wylie EDC to Obtain City Council Approval of Projects with Third Parties Before Executing the Agreement Page 1 of 1 2776317 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Director SUBJECT: FY 2019 - 2020 Budget DATE: June 14, 2019 Issue Discuss issues surrounding the FY 2019—2020 WEDC Budget. Analysis At the request of the Board of Directors, staff would like to present this item for further discussion. As discussed at past meetings and anticipated previously in December 2018 while planning for the financial commitment to Brown/78,the WEDC Budget will be geared more toward redevelopment projects with our `Future Projects' budget limited. Priorities as identified with the attached budget are as follows: Wylie Logistics Park $550,000 78/Brown Debt Service 581,372 Brown/78 Infrastructure 500,000 Downtown Parking 73,000 Ongoing Incentive Commitments 446,791 The WEDC is scheduled to present to Council on July 11 th. Following Council input, staff will present a final budget for Board consideration on July 17th and provide the same document to Council for final consideration. Final budgets are made available to the public on.August 5, 2019. As shown on the attached detailed budget, the WEDC has estimated $5,087,433 in available resources as follows: Beginning Fund Balance $286,072 Sales Tax 2,960,895 Rental Income 153,240 Pad Sale (Highway 78) 1,452,726 Environmental Reimbursement 225,000 Interest Earnings 9,500 Total $5,087,433 FY 2019- 2020 Budget June 14, 2019 Page 2 of 4 As is the case every year, staff has worked closely with Finance to develop an accurate Beginning Fund Balance being that the WEDC budgets to have those monies available for the following year and bases its expenditures on the same. Along with fixed operating expenses for the balance of the fiscal year, significant expenses (budgeted yet unexpended) as follows are also accounted for within the Beginning Fund Balance: $250,000 for a drainage study and extension of a 544 waterline, $150,000 for Jackson Street alley improvements, $85,000 for Karan demolition, $331,000 for approved incentive payments including sales tax reimbursement programs, $50,000 for environmental, and $50,000 in regional marketing expenses. Sales Tax projections are typically estimated in March. At that time, year-end receipts for FY 18 — 19 were calculated at $2.82 mm, or a 10% gain over FY 18 — 19. From the year-end total, staff has budgeted for a conservative 5% growth rate for FY 19 —20 creating sales tax projections of $2,960,895. Staff had previously budgeted for two pad sales but has removed the Gateway transaction based upon current interest in the City tract. The proposed 78 pad sale is offset entirely by principal reduction, commissions, and closing costs therefore having a zero net effect should a transaction not occur. Not accounting for $4.5 mm in land acquisition costs funded with loan proceeds in FY 18 - 19, staff is proposing a budget with cuts of$107,088 for all programs outside of fixed incentives, debt service, and capital outlay. The following provides detail within Expense accounts which include items with increased funding requirements, new programs, or highlights a continued existing program: Within Personnel Services, salaries reflect a 3.0%increase over FY 18— 19 as is consistent with the City budget. Staff will be seeking further input from the Board in Executive Session in July when the Executive Director is evaluated. There are no significant changes in Supplies. Staff is recommending that the Partnership with the Smith Public Library is continued at $5,000 for expenses associated with the WEDC Small Business Center. Incentives reflects a budget of$1,176,486. Within this budget, $446,791 is allocated for ongoing WEDC commitments associated with eight projects. Within those eight projects, three projects will conclude in FY 19—20 representing reduced annual commitments of$112,000. Project 2019 ($100,000) and Project 2020 ($500,000) represent projects currently being negotiated which will require approved Performance Agreements. The Future Projects line item ($129,695) within Incentives represents uncommitted funds within the total budget to be used for incentive programs. Special Services includes partnering with the City of Wylie ($4,375) for a consultant which evaluates sales tax trends, retail & environmental consulting services of $77,500, and Property Management services ($11,760) for Brown/78 and 2nd Street properties. Also included within Special Services is $5,000 for the City Interlocal Agreement under which the City provides financial services to the WEDC. FY 2019- 2020 Budget June 14, 2019 Page 3 of 4 Within Advertising, staff is recommending that the WEDC continue its partnership with the City of Wylie Public Information Office in funding Regional Marketing Initiatives. Staff requested that the Public Information Officer refine funding requests for the highest priority items which represented a $30,000 reduction from the prior year budget of$80,000. Additional changes for the upcoming year include shifting print advertising from the 4-most Business Program to a Manufacturer's spotlight and setting monies aside for partnering with KCS to promote the proposed Wylie Logistics Park. Staff is also recommending that $5,000 continue to be dedicated to the Merchants Association in matching dollars to advertise and promote downtown. Within Community Development, a Regional Brokerage event is planned for a third year along with continued support (albeit reduced) of local community programs such as the Care Center, Education Foundation, Chamber of Commerce, etc. Additional reductions in spending are proposed for Sporting Tickets and Industrial Appreciation events based upon current activities being funded. Based upon current and projected expenditures, staff is further recommending reductions in Legal and Engineering of$31,000. Within Debt Service the Board will note that the Peddicord/White, Buchanan, and K&M/Hobart debt has been retired. The Dallas Whirlpool and Brown & 78 notes will transition into P&I payments and Principal Reduction is budgeted at $1,352,562. With a budget requiring significant reductions, Land is recommended at zero. The only potential acquisition targets would be off Eubanks or Alanis but would need to be addressed through a budget amendment with the Board/Staff making the case for a budget amendment to Council at a future date. $100,164 for title policy and commissions represent closing costs for the estimated pad sale under which the WEDC would be the Seller. As a reminder,should the City of Wylie sell any portion of its land within the 544 Gateway project, the WEDC would be reimbursed approximately $225,000 for development expenses to date. Finally, Streets & Alleys is budgeted at $674,664 and tied to potential development costs associated with the Brown/78 site. Should the NTMWD line need to be relocated, 50% of the costs can be budgeted within FY 19—20 since it is an 18-month project. Should the Board decide to undertake the relocation project, the remaining 50% will be planned for within the FY 20—21 Budget. As requested by the Board in May, staff evaluated the WEDC cash flow position through the end of the fiscal year. In developing these figures, staff planned for expending 100% of budgeted line items which are more than likely not going to take place at 100%. For example, staff is budgeting for$50,000 in future incentives with potential expenditures of$10,000. As well, Special Services has a miscellaneous budget of$10,000 for this fiscal year with no identified use at this time. The same scenario applies to Advertising, Legal, and Travel. Therefore, it is realistic to estimate that there will be$100,000 in expenses within the cash flow analysis that will not be expended but staff wants to present a worst-case scenario. FY 2019- 2020 Budget June 14, 2019 Page 4 of 4 With that said, the month end cash position is as follows: June $558,047 July 487,472 August 191,538 September 69,206 One-time expenditures (other than incentives) reducing the cash position at the end of the fiscal year are: 544 Water line $100,000 Braley Closing 180,000 Drainage Study 100,000 Environmental (est.) 65,000 Recommendation Staff has no recommendation at this time and is seeking Board input. Attachments FY 2019 - 2020 WEDC Budget Wylie Economic Development Corporation FY 2019-2020 Approved Proposed REVENUES 2018-2019 2019-2020 Unreserved Beginning Fund Balance(10-01) 1,462,636 286,072 Sales Tax 2,600,000 2,960,895 Allocated Interest Earnings 3,600 9,500 Sale of WEDC Pad Site/Land 1,552,726 1,452,726 ** Environmental Reimbursement 0 225,000 ANB Loan Proceeds 4,500,000 0 Rental Income Brown&78,end St. 10,000 58,800 Steel Rd 6,000 6,000 106 N. Birmingham 12,000 12,000 711 Cooper 4,800 4,800 605 Comm-201 17,220 17,220 605 Comm-200 24,000 24,000 605 Comm-204 12,420 12,420 201 Industrial Ct(COW) 0 0 908 Kirby 24,000 6,000 100 Oak St(Peddicord) 12,000 12,000 TOTAL REVENUES 10,241,402 5,087,433 EXPENSES Personnel Services-Direct Comp. Salaries 295,589 304,457 Longevity Pay 1,453 1,597 Total Direct Comp. 297,042 306,054 Personnel Services-Other Comp. Car Allowance 12,600 12,600 Phone Allowance 4,656 4,656 Personnel Services-Retirement(TMRS) 45,879 48,052 63,135 65,308 Personnel Services-Insurance Group Hospitalization&Life Ins. 41,277 41,824 Long-Term Disability 1,655 1,736 FICA 18,863 19,757 Medicare 4,412 4,621 Workers Compensation 396 415 Unemployment Compensation-TWC 810 810 Total Insurance 67,413 69,163 TOTAL PERSONNEL SERVICES 427,590 440,525 SUPPLIES Office Supplies Maps and Photography 2,500 500 Pad Folios 1,000 1,000 Operating Supplies 1,500 1,500 Misc. 1,000 0 Total Office Supplies 6,000 3,000 6/4/2019 Wylie Economic Development Corporation FY 2019-2020 Approvea Proposed Postage and Freight 2018-2019 2019-2020 Courier Services(5/yr @$49) 490 245 Postage 150 150 Misc. 250 0 Total Postage&Freight 890 395 Food Supplies Leadership Wylie 300 250 Board Meetings 600 600 ICAN 250 250 Misc. 1,000 1,000 Total Food Supplies 2,150 2,100 Other WEDC Small Business Resource Center 5,000 5,000 TOTAL SUPPLIES 14,040 10,495 MATERIALS FOR MAINTENANCE Computer Hardware and Software(maintenance) 2,000 3,000 CONTRACTUAL SERVICES Incentives Wdbrdg Ctr-InvenTrust.-Sales Tax Reimbursemen 275,000 0 B&B Theatre-Sales Tax Reimbursement 25,000 0 B&B Theatre Incentive(6 of 6) 25,000 0 CSD-Sales Tax Reimbursement 175,000 150,000 EXCO(4 of 4) 20,000 20,000 SAF(2 of 3) 45,000 54,902 Dank(2 of 3) 37,100 22,900 Cross Development(payable fy 20-21) 0 0 Carrie Elle(2 of 2) 0 2,500 DCU(2 of 3) 0 19,489 SCSD Finnell(1 of 2) 0 87,500 Rocking M(1 of 1) 0 89,500 Project 2019 0 100,000 Project 2020 0 500,000 Future Projects 500,000 129,695 Total Incentives 1,102,100 1,176,486 Special Services Sales Tax Report 0 4,375 Janitorial Services 1,900 1,896 Qtrly Pest Control 0 380 Mowing 7,000 5,000 Leasehold Improvements 5,000 5,000 Traffic Counts 3,000 4,000 The Retail Coach 12,000 12,500 Misc.Consulting Services 40,000 0 6/4/2019 Wylie Economic Development Corporation FY 2019-2020 Approved Proposed 2018-2019 2019-2020 Environmental Services 65,000 65,000 Property Management 0 11,760 Transfer to GF-Interlocal Agreement 5,000 5,000 Misc. 10,000 5,000 Total Special Services 148,900 119,911 Advertising Chamber Directory 1,500 1,500 Pirate/Raider Football 1,200 0 Chamber Banner Ad 1,500 1,500 Wylie News Newcomers Guide 1,700 1,000 The Wylie News-misc. 1,000 500 Downtown Promotion 5,000 5,000 Promotional Materials 3,000 0 Regional Marketing Initiative 80,000 50,000 Wylie Logistics Park 0 50,000 Woodbridge Scorecard 1,500 1,500 Website Maintenance 7,000 6,000 Manufacturers Spotlight(12) 18,600 18,600 Misc. 5,000 2,000 Total Advertising 127,000 137,600 Community Development Christian Care Golf Tnmt/Sponsorship 2,000 1,000 Wylie Chamber of Commerce: Championship Rodeo 1,500 1,000 Banquet 1,500 1,000 Misc. 1,000 0 Rotary Club 1,000 1,000 Boots&Barbecue 1,500 1,000 Taste of Wylie 2,000 1,000 Regional Broker Event 14,000 14,000 Education Foundation Fit for Business 2,250 2,250 Manufacturing Day 10,000 4,000 Sporting Events 10,000 5,000 Flag Program 3,000 3,500 FFA Sale-Sponsorship 3,000 1,000 Merchants Assoc.-Downtown Events 500 250 Collin College Gala 2,500 1,000 Collin County Prayer Breakfast 600 600 Coventry Golf Tournament 1,000 500 Holiday Baskets 1,500 0 MGA Sponsor 2,000 2,000 CCIM Sponsor 1,500 2,250 General Funds 5,000 1,000 Total Community Dev. 67,350 43,350 6/4/2019 Wylie Economic Development Corporation FY 2019-2020 Approved Proposed Communications 2018-2019 2019-2020 Internet 2,600 2,760 Cell Phone Equipment 500 500 Office Lines 2,160 2,160 Web Communication Tools 600 700 Sales Force License 2,400 2,800 Tablet Service 1,368 456 Total Communications 9,628 9,376 Rental Expense 250 S. Hwy 78($2,250 @ 12 mo.) 27,000 27,000 Copier Service Agreement 2,328 2,328 Total Rental 29,328 29,328 Travel,Training,and Recruitment TEDC Conference Registration-2 1,200 1,000 Travel,lodging,meals 2,000 2,000 TEDC Winter Registration-1 800 500 Travel, lodging, meals 1,500 750 TEDC Mid-Year Registration 800 500 Travel, lodging, meals 1,500 1,000 TEDC Board Retreat 1,200 1,200 IEDC-Conference 0 ICSC-Nat'l Registration(4) 3,600 2,400 Travel, lodging, meals 11,700 8,300 ICSC-Texas Registration 500 250 Meals 400 100 Wylie/Collin County Days 10,000 0 Training-Assistant 500 1,500 Training-Director 500 0 Training-Assistant Director 6,000 1,000 Sales Tax Training(2) 1,225 817 Prospect Recruitment 12,000 10,000 Total Travel, Train. &Recruit. 55,425 31,317 Dues&Subscriptions IEDC 810 450 TEDC(2) 1,000 1,000 Rotary(2) 1,500 1,067 Wylie Chamber of Commerce 1,500 1,500 Wylie Merchant Association 100 100 Woodbridge Golf Club 3,550 3,550 6/4/2019 Wylie Economic Development Corporation FY 2019-2020 Approved Proposed 2018-2019 2019-2020 ICSC(4) 400 200 Club Corp 8,400 3,000 DFW Marketing Team 2,500 2,500 Website Tool-Subscriptions 5,100 6,200 Misc. 1,000 0 Total Dues 25,860 19,567 Insurance General Liability&Loss Casualty 4,000 4,000 Bond 310 310 Total Insurance 4,310 4,310 Audit and Legal Services Audit 3,000 3,000 Legal 36,000 20,000 Total Audit&Legal Services 39,000 23,000 Engineering-Architect Surveying 10,000 10,000 Engineering 20,000 5,000 Total Engineering-Architect 30,000 15,000 Utilities Electricity&Water 2,400 3,000 TOTAL CONTRACTUAL SERVICES 1,641,301 1,612,244 DEBT SERVICE&CAP.REPL Debt Service ANB-Peddicord/White 494,954 0 ANB-Buchanan 80,651 0 ANB-K&M/Hobart 104,943 0 Kirby-Dallas Whirlpool(Pmts 35-46 of 60) 82,667 216,046 Woodbridge Parkway(Pmts 62-73 out of 80) 159,215 159,215 Jarrard(Pmts 34-45 of 120) 37,310 37,310 Brown&78(Pmts 10-21 of 60 w/balloon) 262,969 581,372 Principal Reduction 749,240 1,352,562 ** Total Debt Service 1,971,949 2,346,505 CAPITAL OUTLAY Land Acquisition 200,000 0 Title Policy 9,000 13,000 ** Commissions 91,000 87,164 ** Brown&78 4,500,000 0 Streets&Alleys Downtown Alley(s) 300,000 0 544 Water Line 150,000 0 6/4/2019 Wylie Economic Development Corporation FY 2019-2020 Approved Proposed 2018-2019 2019-2020 Eubanks Water Line 19,080 0 Brown/78 NTMWD 42"Relocation(50%) 0 425,000 Brown/78 Median Improvements(50%) 0 75,000 Birmingham Parking Improvements 0 73,000 Hensley Lane-Entrance 38,680 0 Computer Hardware&Software 1,000 1,000 Furniture&Fixtures 1,000 500 TOTAL CAPITAL OUTLAY 5,309,760 674,664 TOTAL EXPENSES 9,366,640 5,087,433 6/4/2019 Wylie Economic Development Corporation MEMORANDUM TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Director SUBJECT: Staff Report DATE: June 17, 2019 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, environmental activity summary, 78/Brown redevelopment update, ICSC RECon 2019, 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 Carrie Elle, Clark Street Development, Cross Development, DANK Real Estate, DCU, Exco Extrusion Dies, Rocking M, STRR GRVL, SAF Holland, SCSD-Finnell, and Woodbridge Crossing. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes received through May 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. $10,891,703 has been generated in total sales tax over the life of the Agreement with $5,786,835 eligible for reimbursement through May 2019 establishing net receipts of$5,104,868. As 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. WEDC- Staff Report June 17, 2019 Page 2 of 3 As shown on the attached Sales Tax Reimbursement Report, $135,708.28 was generated in sales tax in March 2019 versus $139,471.11 in March 2018. This represents a 2.7%decrease over 2018 receipts. It is estimated that the City of Wylie and WEDC financial obligations to the Woodbridge Crossing project will conclude with sales taxes generated in June or July of 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, $79,214 in sales tax was generated in March 2019 with $19,803 subject to reimbursement. March 2019 sales represents a 6% decrease over the same period in 2018. Hotel Occupancy Tax Hotel Occupancy Tax information will be presented to the Board under separate cover if available prior to the Board Meeting. Environmental Activity Summary Attached for the Board's review is a spreadsheet tracking the remaining remediation project with W&M Environmental. With the MSD soon to be certified for the 544 Gateway property, closure by the TCEQ could be as early as November 2019. Further, Elm Creek Environmental continues to work on the VCP submittal for the Brown/78 site. 78/Brown Redevelopment Update As reported previously, staff proposed to KCS the purchase of 2.563 acres at Brown and 78 for$6 psf which KCS accepted. With that development, staff has contacted Collin County and begun the process to acquire the County-owned 1.2260 acres adjacent to the KCS tract. As well, TxDOT notified the WEDC that it would sell approximately 0.3 acre at the corner with the WEDC currently processing an appraisal and survey. ICSC RECon 2019 Staff recently attended the ICSC conference in Las Vegas. A brief recap and show summary will be provided to the WEDC Board. WEDC- Staff Report June 17, 2019 Page 3 of 3 Active Project Summary New Projects (past 45 days) Office Development small tract being considered,planning phase Regional Office/Warehouse Relocation small tract under contract, due diligence phase Restaurant Inquiries several regional full-service and QSRs Ongoing Projects 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 Local Manufacturer Retention project $10 - $20 mm equip/technology upgrade Restaurant Inquiries several national full-service and QSRs Active 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. Regional Housing Starts Fourty homes were permitted in Wylie for the month of May 2019. Sachse, Murphy and Lavon peiluitted a combined fourteen with Inspiration permitting five. No action is requested by staff for this item. Attachments Perfolinance Agreement Summary Environmental Activity Report Hotel Occupancy Tax Report Regional Housing Permits Outstanding Performance Agreement Summary Company Performance Obligations Expiration Incentive Comment/Notes Carrie Elle Receipt of documentation of minimum project cost of$15,000 for the purchase of new equipment; 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 19/1/20. 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 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 Outstanding Performance Agreement Summary Sales tax reimburse ending earlier of $1.1 mm paid or 10 Cumulative incentive not years from to exceed $1.1 mm. 1Phase IV-CO for 134,600 sf retail space Start Datel 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 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. 7/31/20201 $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 Outstanding Performance Agreement Summary 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 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 difference from Incentive 1 of 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 2/24/20161 $87,000 Paid Outstanding Performance Agreement Summary 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 Paid 2/24/2020 $20,000 Seller financing on $350,000 note,forgiven Forgiveness#1-2-24-17 annually beginning 1-31-17 in equal amounts of Forgiveness#2-2-24-18 $70,000 for 5 years. 2017-2021 $350,000 Forgiveness#3-2-24-19 Patel (Ashiskumar&Vidita) A. Receipt of documentation of approved construction plans for no less than 6 parking spaces; receipt of documentation for construction of qualified infrastructure equal to$19,000; current on ad valorem taxes by 1/31 of year after they are assessed; 11/15/2019 $10,000 B. Receipt of written confirmation by Owner and visual inspection by WEDC of removal of wood- framed storage structure; Receipt of documentation to 3rd party contractor for$1,500 ;for the removal of storage structure. -Should incentive No. 2 not be complete prior to 11/15/19, Incentive No. 1 will be null and void. 11/15/2019 $1,500 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 Outstanding Performance Agreement Summary 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. Paid Maintain on property,taxable personal property owned by company valued at or above $14,375,324(Tax Threshold). 1/31/2020 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 per new employee added. First $1,000/emp Amendment- BPP valuation requirement waived over Paid- Incentive Obligation (first year only). 12/31/2017 Threshold Fully Satisfied Employ up to 45 full-time employees over 133 $1,000/emp (Employee Threshold). One time payment of 1 over $1,000 per new employee added. 12/31/2018 Threshold n/a 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. Outstanding Performance Agreement Summary 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 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. 12/22/20201 $50,000 Taylor&Son LLC 1.a Acquire title to property, submit site plan and elevations for a commercial office building that is no less than 3,500 sf, approval of plans by the City of Wylie Historical Review Commission (HRC); building permit no later than February 1, 2020; Certificate of Completion (CC)for 3,500 sf commercial office building no later than February 1, 2021; documentation supporting construction cost of no less than $400,000; documentation supporting construction of qualified infrastructure of at least$104,500 no later than CC; current on ad valorem taxes by 1/31 of year after assessed. 2/1/2021 Outstanding Performance Agreement Summary 1.b. Certificate of Occupancy(CO)for 1,750 sf no later than February 1, 2022; current on ad valorem taxes by 1/31 of the year after assessed. 2/1/2022 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. 20211 spreadsheet attached 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 17,008.35 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 34,867.78 139,471.11i 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-18 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-18 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-18 Feb-19 109,758.45 54,879.22 54,879.22 219,516.89 0.65 35,671.49 71,342.99 107,014.48 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 484,820.59 78,783.35 157,566.69 236,350.04 Jan-19 Mar-19 47,685.09 23,842.54 23,842.54 95,370.17 0.65 15,497.65 30,995.31 46,492.96 Feb-19 Apr-19 51,816.76 25,908.38 25,908.38 103,633.51 0.65 16,840.45 33,680.89 50,521.34 Mar-19 May-19 67,854.14 33,927.07 33,927.07 135,708.28 0.65 22,052.60 44,105.19 66,157.79 334,711.96 54,390.69 108,781.39 163,172.08 Totals 10,891,702.99 1,928,945.16 3,857,890.32 5,786,835.48 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 45,439.30 22,719.65 22,719.65 $90,878.60 $22,719.65 Jan-19 Mar-19 6,870.72 3,435.36 3,435.36 $13,741.44 $3,435.36 Sub-Total $119,278.00 $29,819.50 Nov-19 Apr-19 6,753.31 3,376.66 3,376.66 $13,506.62 3,376.66 Dec-19 May-19 39,606.81 19,803.41 19 803.41 $79,213.62 $19,803.41 , Jan-19 Jun-19 0.00 0.00 0.00 $0.00 Sub-Total $92,720.24 $23,180.06 Total $1,979,039.97 $494,759.99 Note: Anticipated completion date for the$1 mm sales tax incentive obligation is 9/30/23. Active Environmental Program Tracking Kirby- Former CRI Project Total: 80,460.64 Contract$104,200 910.00 11/30/17 Labor: Frank Clark, Michael Henn 788.00 12/31/17 Labor: Frank Clark, Clay Snider Labor: Frank Clark, Michael Henn,Joshua Hopper,Samuel Lewis, 6,421.80 1/31/18 Trey Nelson, Clay Snider Other Subcontractors: Laboratory, Supplies/Permits, Other 14,442.16 1/31/18 Subcontractors 11.16 1/31/18 Misc.Supplies 659.50 1/31/18 Vehicle / Equipment Labor: Frank Clark,Trudy Hasan,Joshua Hopper,Samuel Lewis, Clay 2,005.30 2/28/18 Snider 874.00 2/28/18 Laboratory 519.50 3/31/18 Labor: Trey Nelson, Clay Snider 1,824.00 4/30/18 Subsurface Investigation -Labor: Clay Snider Add''Subsurface Investigation- Labor: Frank Clark,Joshua Hooper, 3,815.75 4/30/18 Samuel Lewis,James Maxwell,Trey Nelson, Clay Snider Subcontractors: Laboratory-$989; Drilling-$6,463; 12,385.33 4/30/18 Supplies/Permits/Regulatory Fees-$103.33; Other-4,830. 528.88 4/30/18 Vehicle / Equipment Subsurface Investigation -Labor: Clay Snider, Samuel Lewis,Joshua 1,236.50 5/31/18. Harper, Frank Clark 264.50 5/31/18 Add'l Subsurface Investigation-Subcontractors: Laboratory 406.50 7/31/18 MSD- Project Management- Labor: Frank Clark, Clay Snider 648.50 7/31/18, VCP Application- Labor: Clay Snider, Holly Stockton 429.00 7/31/18 DWS Labor: Trey Nelson, Clay Snider 636.00 7/31/18 MSD Application- Labor: Joshua Hooper 384.00 8/31/18 MSD-Project Management- Labor: Clay Snider 165.90 8/31/18 VCP Application - Labor: Frank Clark 212.00 8/31/18 DWS Labor: Joshua Hooper 2,539.50 8/31/18 MSD Application-Labor: Joshua Hooper, Samuel Lewis, Clay Snider MSD Application Sub-contractors: Laboratory, Aerials/Maps/ 2,052.91 8/31/18 Photos Active Environmental Program Tracking 418.35 9/30/18 MSD-Project Management- Labor: Clay Snider 749.60 9/30/18 VCP Application- Labor: Frank Clark, Antonia Pachlczuk, Clay Snider 128.00 9/30/18 DWS Labor: Clay Snider MSD Application- Labor: Joshua Hooper,Samuel Lewis,James 2,878.50 9/30/18 Maxwell,Trey Nelson, Clay Snider 58,967.14 Starting Point 632.00 9/30/18 APAR Labor: Trey Nelson 888.00 ' 11/3/18 MSD-Project Management- Labor: Clay Snider VCP Application- Labor: Clay Snider-$259; Overnight courier- 1,438.86 11/3/18 $29.86;TCEQ Application Fee-$1,150 189.50 11/3/18 MSD Application - Labor: Trey Nelson,Joshua Hooper 360.00 12/7/18 MSD Project Management 10.80 12/7/18 VCP Application&Agreement 2,351.90 12/7/18 Prepare MSD Application 804.00 2/22/19 Project Mgmt; Correspondence with TCEQ 1,725.66 2/22/19 .Drinking Water Survey Report 4,553.05 2/22/19 Prepare MSD Application 705.60 5/3/19 Project Mgmt; Correspondence with TCEQ 388.50 5/3/19 Prepare MSD Applicatoin 798.50 5/3/19, Prepare APAR and Submit to TCEQ 7,279.13 5/3/19 VCP Investigation 80,460.64 Spent Contracted Total Expenditures: $80,460.64 $104,200 Regional Housing Permits Wylie Lavon 11 12 13 14 15 16 17 18 19 11 12 13 14 15 16 17 18 19 January 20 16 18 14 46 9 15 41 28 January 2 4 5 4 6 2 12 2 3 February February 11 2 5 11 6 5 1 7 0 March 28 18 17 30 31 43 33 61 26 March 3 6 3 17 8 3 0 1 1 April 18 29 38 10 57 41 70 49 37 April 1 12 ( 24 7 11 1 1 I 17 0 May 18 20 22 26 68 101 45 48 40 May 1 0 9 17 4 4 11 7 0 June 19 13 11 9 57 58 98 47 June 9 2 5 12 5 1 7 15 July 20 19 18 29 36 34 •1 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` 483 409 507 531 158 TOTAL 60 48 68 100 77 17 104 79 4 va Murphy Sachse 11 12 13 14 15 16 17 18 19 11 12 13 14 15 16 17 18 19 January 4 7 26 13 1 12 5 0 0 January 14 8 13 18 14 16 4 15 ' 6 February 3 14 4 5 5 4 2 6 0 February 3 11 8 29 17 31 15 9 5 March 9 6 6 8 4 5 4 0 3 March 9 12 1 13 24 31 23 5 4 April 8 10 23 1 3 8 1 0 24 April 8 4 13 17 12 24 15 2 1 May 11 14 7 7 2 2 0 0 10 May 11 17 10 21 6 21 15 9 4 June 6 19 15 6 7 4 0 0 June 8 17 14 16 38 25 14 3 July 7 16 7 22 4 2 8 1 July 7 14 15 30 12 22 17 4 August 4 13 15 16 2 21 0 0 August 5 19 10 29 41 32 8 6 September 4 10 10 3 3 6 0 0 September 12 12 17 23 27 I 20 3 2 October 3 16 16 4 0 2 0 0 October 8 15 25 18 31 29 10 6 November 3 17 5 5 2 6 0 1 November 6 9 12 27 26 12 6 6 December 8 7 15 4 0 1 1 5 December 7 10 11 39 12 11 2 3 TOTAL 70 149 149 94 33 73 21 13 37 TOTAL 98 148 149 280 260 274 132 70 20 Inspiration Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tota 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 9 15 16 5 49 ylie Econo ic evelop ent Corporation E 0 - A DU TO: WEDC Board of Directors FROM: Jason Greiner, Assistant Directo SUBJECT: Future Agenda Items DATE: June 17, 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.