10-10-2002 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
October 10,2002
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John
John Yeager
Merrill Young
Staff Present:
Samuel Satterwhite, Executive Director
With notice of the meeting posted in time and manner required by law and a quorum of Board
members present, the Board of Directors of the Wylie Economic Development Corporation
(WEDC) met in Regular Session on October 10,2002 in the Conference Room of Woodbridge
Golf Club located at 7400 Country Club Drive, Wylie, Texas.
The meeting was called to order by President John Yeager at 7:15 a.m.
ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the August 28, 2002,
Regular Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
table consideration of the minutes for the August 28, 2002, Regular Board
of Directors Meeting of the Wylie Economic Development Corporation.
The WEDC Board of Directors voted 5 —FOR and 0—AGAINST in favor
of the motion.
ITEM NO. 2 — Consider and Act Upon Approval of the August, 2002 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
table consideration of the August, 2002 Treasurer's Report for the Wylie
Economic Development Corporation. The WEDC Board of Directors
voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 3 — Consider and Act Upon Issues Surrounding Potential Incentives to Auto
Soft Technical Services.
Staff indicated that the owner of Auto Soft, Mr. Hugh Cairns, had approached the WEDC with a
request for assistance to purchase inventory for the computer assembly division of Auto Soft.
Staff explained that Auto Soft has a web site design, maintenance, and software development
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October 10, 2002
Page 3
divisions under the Auto Soft umbrella. As a small company in a volatile industry, Mr. Cairns
believes expansion into the custom assembly of workstations will diversify and expand his
business. The WEDC board believed this to be a less than conservative project for the WEDC to
be involved in due to the nature of the technology industry. Board members St. John and
Bowland supported assistance provided to a `small' business.
Mr. St. John made a motion to approve the disbursement of $5,000 to Auto Soft to purchase
inventory for the assembly of custom designed workstations. Mr. Fuller voiced concern that new
business ventures often fail and the technology industry is attributing to more business failures
than developments. Mr. Fuller suggested that installment 1 of the grant equal $2,500 with
installment 2 taking place in 6 months. The Board agreed to Mr. Fuller's amendment.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
approve an incentive package to Auto Soft Technical Services in an
amount not to exceed $5,000 as amended. The WEDC Board of Directors
voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 4 — Discuss Issues Surrounding Development of WEDC Property Located at
404 S. Highway 78.
Staff had no additional information to provide Board members on the above item or
recommendation for action.
ITEM NO. 5 — Discuss Issues Surrounding the Development of a strategic plan for the
WEDC.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
table discussion of a WEDC strategic plan. The WEDC Board of
Directors voted 5 —FOR and 0—AGAINST in favor of the motion.
ITEM NO. 6—Executive Session:
The Board did not enter into Executive Session to discuss personnel matters. Board member
requested that staff place the item on a future agenda.
ITEM NO. 7—Reconvene From Executive Session.
With Executive Session not convened, no action was required of the WEDC Board of Directors.
ITEM NO. 8—Citizen Participation.
There being no citizen participation, President Yeager proceeded to Item No. 9.
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October 10, 2002
Page 3
ITEM NO. 9—Adjourn.
There being no further business, the meeting was adjourned at 9:30 a.m.
John/eager, President
Attest:
Samuel D.R. Satterwhite
Executive Director