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08-21-2019 (WEDC) Agenda Packet i) NOTICE OF MEETING ECONOMIC DEVELOPMENT CORPORATION Regular Meeting Agenda August 21, 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 Gino Mulliqi Treasurer Demond Dawkins Board Member Mayor Eric Hogue 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.wvlietexas.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 July 17, 2019 Minutes of the WEDC Board of Directors Meeting. II. Consider and act upon approval of the July 2019 WEDC Treasurer's Report. III. (Remove from Table) Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2019-2020. IV. Consider and act upon a Performance Agreement between the WEDC and DCU. V. Consider and act upon ratification of a Residential Contract between the WEDC and Greta Kreymer for the purchase of property located at 302 N. Second Street. WEDC—Agenda August 21, 2019 Page 2 of 3 DISCUSSION ITEMS VI. Staff report: review issues surrounding WEDC Perfoliiiance Agreement Summary, Hotel Occupancy Tax, environmental activity summary, Brown & 78 redevelopment update, 544 Gateway redevelopment update, The Rock Wood Fired Pizza, Water& Sewer/Thoroughfare Impact Fees, Ballard Street Parking Improvements, WEDC property located at Eubanks & Squire, Retail Live, active project summary, and regional housing starts. VII. 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 & Alanis • State Highway 78 &F.M. 544 • State Highway 78 & Cooper 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 2019-6a • Project 2019-7a • Project 2019-8a WEDC —Agenda August 21, 2019 Page 3 of 3 Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). • Performance Evaluation of WEDC Staff 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 this 16`h day of August 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 Wednesday, July 17, 2019—6:30 A.M. WEDC Offices—Conference Room 250 South Highway 78—Wylie, Texas CALL TOO ' I ER Announce the presence of a Quorum President Bryan Brokaw called the meeting to order at 6:31 a.m. Board Members present were Demond Dawkins, and Gino Mulliqi. Ex-officio members Mayor Eric Hogue and City Manager Chris Holsted 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 Demond Dawkins gave the 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 19, 2019 Minutes of the Wylie Economic Development Corporation (WEDC) Board of Directors Meeting. MOTION: A motion was made by Demond Dawkins and seconded by Gino Mulliqi to approve the June 19, 2019 Minutes of the Wylie Economic Development Corporation. The WEDC Board voted 3 — FOR and 0—AGAINST in favor of the motion. ITEM NO.2—Consider and act upon approval of the June 2019 WEDC Treasurers Report. Staff reviewed the Treasurers Report and called the Board's attention to the following highlights: Sales Tax Receipts were flat this month with just 0.53% increase over 2018 receipts for the same period. To date, FY 2018-2019 Sales Tax receipts are up 15.13% over FY 2017-2018. WEDC—Minutes July 17, 2019 Page 2 of 6 During the month of June,the WEDC drew$66,988 in loan proceeds to pay earnest money for the KCS property which is anticipated to close in November. The majority of the Travel & Training expenditures for ICSC were paid in June and an incentive was paid to Professional Plumbers Group in the amount of $26,000 thus finalizing the WEDC's obligations under the terms of the Performance Agreement. MOTION: A motion was made by Gino Mulliqi and seconded by Demond Dawkins to approve the June 2019 Treasurer's Report for the Wylie Economic Development Corporation. The WEDC Board voted 3 — FOR and 0 — AGAINST in favor of the motion. ITEM NO. 3—Consider and act upon approval of the FY 2019-2020 WEDC Budget. As discussed during the June 19, 2019 Board Meeting, Debt Service has been adjusted to reflect interest only payments from July 2019 through December 2019 which will impact three payments within the proposed budget. The structure of the budget has also changed as impacted by Council approval of Performance Agreements for incentive programs. Staff discussed that previous WEDC budgets reflected 'fixed' expenditures addressing operational needs, debt service, and previously approved incentive programs. All remaining monies were allocated to 'Future Projects' within Incentives to be earmarked for future/unanticipated incentive programs. With Council approving all incentive expenditures, staff believes that this 'Future Projects' line item is no longer efficient. To enhance transparency, once a project has been approved by the Board and subsequently Council,a Budget Amendment will be processed by staff to clearly track and identify the expenditure associated with the project. Staff noted that the budget identifies Revenues of$793,853 in excess of Expenditures which would in prior years be identified as Future Projects. Staff informed the Board that the attached budget was presented to Council on 7-11-19 with no questions or comments from Council. Staff will be prepared and present however should Council have questions or require clarification at future Budget Work Sessions. MOTION: A motion was made by Demond Dawkins and seconded by Gino Mulliqi to approve the FY 2019-2020 WEDC Budget as presented. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 4—Consider and act upon issues surrounding the Election of WEDC Officers. The Wylie City Council recently reappointed Mr. Bryan Brokaw and appointed Mr. Gino Mulliqi to a three-year term as Members of the Wylie Economic Development Corporation Board of Directors. Both Members were sworn in by the City Secretary's office on June 25, 2019. Staff reminded the Board that on an annual basis following the selection of WEDC Board Members by the Wylie City Council,the WEDC elects officers for the upcoming year per Section V-Officers' of the WEDC By-laws. WEDC—Minutes July 17, 2019 Page 3 of 6 The WEDC Board elected officers for 2019-2020 as follows: Bryan Brokaw President Todd Wintters Vice President John Yeager Secretary Gino Mulliqi Treasurer Demond Dawkins Board Member MOTION: A motion was made by Demond Dawkins and seconded by Gino Mulliqi to elect the following slate of WEDC Officers for FY 2019 - 2020: Bryan Brokaw — President, Todd Wintters — Vice President, John Yeager — Secretary, Gino Mulliqi—Treasurer. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 5—Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2019—2020. Section 4.07 of the WEDC By-laws states that the President of the Board shall set a regular meeting date and time at the beginning of his/her term. Currently WEDC Board Meetings are set for the third Wednesday of each month at 6:30 a.m. With officers elected via the previous Action Item, the WEDC President is required to establish the Regular Meeting date/time. Due to the absence of 2 Board Members, President Brokaw requested this item be tabled until the next meeting in order to give every Board Member an opportunity to provide input. MOTION: A motion was made by Gino Mulliqi and seconded by Demond Dawkins to Table this item until the next meeting. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion. ITEM NO. 6—Consider and act upon issues surrounding a Performance Agreement between the WEDC and DCU. Staff explained that Incentive No. 2 associated with the DCU Performance Agreement is due for consideration by the Board no later than 7-31-19. Within the Performance Measures there is a requirement for a minimum appraised value of property located at 2774 Capital Street within Regency Business Park. Based upon the appraisal process, CCCAD is unable to provide the WEDC with a final appraised value on this site but has indicated it will be able to provide more definitive data by 7-19-19. Staff formally requested a 30-day extension of consideration for this issue so that DCU will not be out of compliance with the Agreement and allow staff additional time to obtain accurate information on the property. WEDC—Minutes July 17, 2019 Page 4 of 6 MOTION: A motion was made by Demond Dawkins and seconded by Gino Mulliqi to approve a 30-day extension for consideration of Incentive Payment associated with the DCU Performance Agreement. The WEDC Board voted 3 — FOR and 0—AGAINST in favor of the motion. ITEM NO. 7—Consider and act upon an Agreement between the WEDC and SAF-Holland. Staff reported at the June 19th Board Meeting and Executive Session of the June 25th City Council Meeting that SAF-Holland representatives contacted the WEDC for assistance in facilitating the development of a local training program. WEDC Staff worked directly with SAF-Holland to bring in Wylie ISD, Collin College, and Workforce Solutions of North Central Texas Council of Governments representatives to address both SAF's short-term and long-term objectives. Staff was able to confirm that with WEDC assistance, Collin College will provide a custom training program for 20 SAF-Holland employees to 'skill-up' and become certified by taking a 32- hour MIG welding course. Staff presented for the Board's review a contract between SAF and Collin College to provide the above described training at a cost of$23,000. As negotiated by Mr. Greiner with input from the Executive Director,the WEDC will offset the cost of the program to SAF by 50%up to a maximum payment of$11,500. Those funds will be paid to SAF following completion of the training and SAF's payment to Collin College of $23,000. As indicated in previous Executive Session discussions, the WEDC's involvement in this process (cost) was key to moving the program forward. MOTION: A motion was made by Demond Dawkins and seconded by Gino Mulliqi to authorize the Executive Director to enter into an Agreement with SAF- Holland to provide a 50%Reimbursement up to$11,500 for the SAF-Holland Job Training Program. The WEDC Board voted 3 —FOR and 0—AGAINST in favor of the motion further noting that said Agreement is subject to Council approval. DISCUSSION ITEMS ITEM NO. 8 -Review issues surrounding WEDC Performance Agreement Summary,Hotel Occupancy Tax, Council Work Session, environmental activity summary, 78/Brown redevelopment update, active project summary, and regional housing starts. Staff updated the Board on WEDC projects and activities noting that year-over-year sales tax receipts received in June for Woodbridge Crossing and Woodbridge Centre increased 19% and 20%respectively. New Housing starts remained strong with thirty-three new homes permitted in Wylie in June. WEDC—Minutes July 17, 2019 Page 5 of 6 ITEM NO. 9 — 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. EXECUTIVE SESSION Recessed into Closed Session at 7:30 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: 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 & Alanis • State Highway 78 & F.M. 544 • State Highway 78 & Cooper 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 2019-5a • Project 2019-6a Section 551.074 (Personnel Matters) of the Local Government Code, Vernon's Texas Code Annotated (Open Meetings Act). • Performance Evaluation of WEDC Staff Staff members Angel Wygant and Jason Greiner left the meeting at 8:18 a.m. and returned at 8:45 a.m. ' CONVENE INTO OPEN MEETING Take any action as a result from Executive Session The WEDC Board of Directors reconvened into open session at 8:46 a.m. President Brokaw welcomed Executive Director Sam Satterwhite back from vacation and, on behalf of the Board, congratulated Assistant Director Jason Greiner on the birth of his daughter. WEDC—Minutes July 17, 2019 Page 6 of 6 ADJOU MENT With no further business, President Brokaw adjourned the WEDC Board meeting at 8:47 a.m. Bryan Brokaw,President ATTEST: Samuel Satterwhite,Director • _ ylie Econo is evelop ent Corporation E • - A BU TO Sam Satterwhite, Executive Director FROM: Angel Wygant, Senior Assistant . SUBJECT: July 2019 Treasurer's Report DATE: August 9, 2019 Issue Consider and act upon approval of the July 2019 WEDC Treasurer's Report. Analysis Sales Tax Receipts for August were strong with receipts of $283,603. This represents an increase of 13.63% over 2018 receipts. 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 24th 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 - $767,988.87. 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 - $175,000, Carrie Elle - $2,500, Rocking M - $89,500, Patel - $11,500, Taylor& Son - $104,500. 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 2' of 2017, 2018 and 2019 respectively, with two payments remaining. WEDC July 2019 Treasurers Report August 9, 2019 Page 2 of 2 Revenue and Expense Report,page 2: Rental Income — $11,196.67. Austin Said - $3,000, Richmond Hydromulch - $500, Trimark - $1,035, Wylie Northeast - $1,000, Helical Concepts - $400, Wheels Unlimited - $1,435, Gallagher- $500, Heath Properties - $3,326.67. Revenue and Expense Report,page 3: Office Supplies - $71.50. General Office Supplies. Postage - $39.00. Postage—Dallas Letterpress. Food Supplies - $266.32. WEDC Board Meeting Meals ($67.64), Office lunch - 15 ($198.68). Incentives - $81,722.41. Sales Tax Reimbursements: Clark Street ($27,331.72), Woodbridge Crossing ($54,390.69). Special Services — $6,341.55. Bereavement - Don Lewis ($119.99), Property Management & Repairs — Brown & Ballard ($2,502.06), Janitorial Svc ($157.50), Collin County — ROW Appraisal ($3,000), Mowing ($562). Advertising - $9,062.50. Connection ($1,500), WENS Athletic Guide ($500), Woodbridge Ad ($1,500), Regional Advertising—Bluegrass on Ballard($5,562.50). Travel & Training—$197.88. Business Meetings/Prospect Recruitment. Dues & Subscriptions - $1,482.48. Club Corp—June and July. Audit & Legal - $996. Attorney Fees: KCS ($280), Mulligan($140), SCSD ($60), Cross ($60), Environmental Review($450). Engineering & Architectural - $6,475.60. 544 Waterline ($1,789.48), Hwy 78 & Brown Plans ($4,686.12). Land - $172,297.96. Purchase of 503 S. Ballard. Streets & Alleys - $2,500. JLL—KCS Access Permit. Recommendation Staff recommends that the WEDC Board of Directors approve the July 2019 Treasurer's Report. Attachments July 2019 Treasurer's Report Wylie Economic Development Corporation Statement of Net Position As of July 31,2019 Assets Cash and cash equivalents $ 545,479.78 Receivables $ 140,000.00 Note 1 Inventories $ 11,696,750.14 Prepaid Items $ Total Assets $ 12,382,229.92 Deferred Outflows of Resources Pensions $ 101,121.55 Total deferred outflows of resources $ 101,121.55 Liabilities Accounts Payable and other current liabilities $ 7,586.13 Unearned Revenue $ 79,200.00 Note 2 Non current liabilities: Due within one year $ 72,727.29 Note 3 Due in more than one year $ 6,244,066.09 Note 4 Total Liabilities $ 6,403,579.51 Deferred Inflows of Resources Pensions $ (30,407.41) Total deferred inflows of resources $ (30,407.41) Net Position Net investment in capital assets $ Unrestricted $ 6,110,179.37 Total Net Position $ 6,110,179.37 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$3,503,499.53 draw-down of the approved$4,500,000 loan from American National Bank as of July 31,2019 8-09-2019 03:13 PM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: JULY 31LST, 2019 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT)) TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 543,479.78 1000-101.15 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 6 BUILDINGS 11,696,750,14 1000-14118 INVENTORY - BAYCO/ SANDEN BLVC1 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 767,988.87 13,150,218.79 TOTAL ASSETS 13,150,218.19 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 (; 949.81) 2000-20117 TMRS PAYABLE 0.00 2000-20118 ROTH IRA PAYABLE 0.00 2000-201.19 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 -ICi4A PAYABLE 0.00 2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00 2000-20130 FLEXIBLE SPENDING ACCOUNT 3,241.60 2000-20131 EDWARD JONES DEFERRED COMP 0.0➢1. 2000-20132 EPIP 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 8-09-2019 03:13 PM CITY OF WYLIE PAGE 2 BALANCE SHEET AS OF: JULY 31ST, 2019 III--WYLIE ECONOMIC DEVEL CORP ACCOUNTS 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 767,988.87 2000-20810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 78,000.00 2000-22275 DEF INFLOW - LEASE PRINCIPAL, 0.00 2000-22280 DEFERRED INFLOW - LEASE INT 0.00 2000-229.15 RENTAL DEPOSITS 1,200.00 TOTAL LIABILITIES 851,775.00 EQUITY 3000-34110 FUND BALANCE - RESERVED 0.00 3000-34590 FUND BALANCE-UNRESERV/UNDESIG 9,729,021.76 TOTAL BEGINNING EQUITY 9,729,021.76 TOTAL REVENUE 5,433,688.63 TOTAL EXPENSES 2,867,266.60 REVENUE OVER/(UNDER) EXPENSES 2,566,422.03 TOTAL EQUITY & OVER/(UNDER) 12,295,443.79 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 1.3,150,218.79 8-09-2019 03:1.3 PM CITY OF WYLIE PAGES 1 BALANCE SHEET AS OF: JULY 31ST, 2019 922-GEN LONG TERM DEBT (WEDC) ACCOUNT# TITLE ASSETS 1000-1031.2 GOVERNMENT NOTES 0.00 1000-18110 LOAN - WEDC 0.00 1000-18120 LOAN - BIRMINGHAM 0.00 1000-18210 AMOUNT TO GE PROVIDED 0,00 1000-18220 BIRMINGHAM LOAN 0,C10 1000-19050 DEF 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 CHG( 30,407..41) 70,71.4,14 TOTAL ASSETS 70,714.14 LIABILITIES 2000-20310 COMPENSATED ABSENCES PAYABLE 81,193.87 2000-20311 COMP ABSENCES PAYABLE-CURRENT 14,237.00 2000-21410 ACCRUED INTEREST PAYABLE 3,9991.17 2000-28205 WEDC LOANS/CURRENT 54,498.52 2000-28220 BIRMINGHAM LOAN 0.00 2000-28230 INWOOD LOAN 0.00 2000-28232 AND LOAN/EDGE 0.00 2000--28233 ANB LOAN/PFDDICORD WHITE 0.00 2000-28234 AND LOAN/RANDACK HUGHES 0.00 2000-28235 ANB LOAN 0.00 2000-28236 ANB CONSTRUCTION LOAN 0.00 2000-28237 ANSI LOAN/ WOODBRIDGE PARKWAY 251,320.68 2000-28238 AND LOAN/BUCHANAN 0.00 2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00 2000-28240 HUGHES LOAN 0.00 2000-28242 AN LOAN/HWY 78:5TH ST REDCV 3,503,499,53 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 ._,.___._...... __..,. 6,316,793.38 8-09-2019 03:13 PM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: JULY 31ST, 2019 922-I N LONG TERM DEBT (WEDC) ACCOUNT# TITLE EQUITY 3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 3,41.2,605.24) 3000-35900 UNRESTRICTED NET POSITION ( 120,264.00) TOTAL BEGINNING EQUITY (il 3,532,869.24) TOTAL REVENUE ( 3,503,499.53) TOTAL EXPENSES ( 790,289.53) REVENUE OVER/(UNDER) EXPENSES ( 2,71.3,210.00) TOTAL EQUITY & OVER/(UNDER) ( 6,246,079.24) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 70,714.14 8-09-2019 03:16 PM CITY OF WYLIE PAGE; 1 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF JULY 31ST, 2019 111.--r4YLIE ECONOMIC DI VEL 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 2,600,000.00 215,107,94 0.00 1,860,286.27 0,00 739,713,73 71.55 INTERGOVERNMENTAL REV. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 3,600.00 491.40 0.00 7,766.36 0.00 ( 4,166.36) 215.73 MISCELLANEOUS INCOME 1,675,166.00 11,196.67 0.00 62,136.47 0.00 1,613,029.53 3.71 OTHER FINANCING SOURCES 4„500,000.00 0.00 0.00 3 503,499.53 0,0C 996,500.47 77.86 TOTAL REVENUES 8,778,766,00 226,796,01 0.00 5,433,668.63 0.00 3,345,077.37 61.90 EXPENDITURE SUMMARY DEVELOPMENT CORP-WEDC 9,871,731.13 199,147.50 0.00 2,867 266.60 39,797 52 6,964,667.01 29.45 TOTAL EXPENDITURES 9,871,731.13 199,147.50 0.00 2,867,266.60 39,797.52 6,964,667.01 29.45 REVENUE OVER/(UNDER) EXPENDITURES ( 1,092,965.13) 27,648.51 0.00 2,566,422.0.3 ( 39,797.52) ( 3,619,589.64) 231.17- 8-09-2019 03:16 PM CITY OF WYj,IE PAGE: 2 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF JULY 31ST, 2019 111-WYLIE ECONOMIC REVEL CORP REVENUES CURRENT CURRENT PRIOR. YEAR Y-T-D Y-T-D BUDGET S OF BUDGET PERIOD PO ADJUST, ACTUAL ENCUMBRANCE BALANCE BUDGET TAXES 4000-40150 REV IN LEIU OF TAXES 0.00 0.00 0.00 0.00 0.00 0=00 0.00 4000-40210 SALES TAX 2,600,000.00 215,107.94 0,00 1,860,286.27 0.00 39,713.73 71,55 TOTAL TAXES 2,600,000.00 215,107.94 0.00 1,860,286,27 0.00 739,713,73 71,55 INTER.GOVERNMEN'TAL REV.. 4000-43518 380 ECONOMIC AGREEMENTS 0,00 0.00 0.00 0,00 0.00 0.00 0.00 TOTAL INTERGOVERNMENTAL REV. 0.00 "0.00 0.00 0.00 0.00 0.00 0.00 INTEREST INCOME 4000 46050 CERTIFICATE OF DEPOSIT 0.00 0,00 0,00 0.00 0.00 0.00 0.00 4000-46110 ALLOCATED INTEREST EARNINGS 3,600.00 491.40 0,00 7,766.36 0.00 (: 4,166,36) 215.73 4000-46140 TEXPOOL INTEREST 0,00 0.00 0.00 0.00 0.00 0.00 0,00 4000-46143 LOGIC INTEREST 0.00 0.00 0.00 0,00 0,00 0,00 0.00 4000-46150 INTEREST EARNINGS 0.00 0.00 0,00 0.00 0.00 0,00 0.00 4000-46160 LOAN REPAYMENT (PRINCIPAL) 0,00 0,00 0..00 0,00 0,00 0,00 0,00 4000-46210 BANK MONEY MARKET INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL INTEREST INCOME 3,600.00 491.40 0,00 7,766.36 0,00 ( 4,166.36) 215,73 MISCELLANEOUS INCOME 4000-48110 RENTAL INCOME 122,440.00 11,196.67 0,00 94,795.53 0.00 27,644.47 77,42 4000-48310 RECOVERY - PRIOR YEAR EXPEN 0.00 0.00 0.00 0.00 0,00 0,00 0.00 4000-48410 MISCELLANEOUS INCOME 0.00 0.00 0.00 0.00 0.00 0,00 0,.00 4000-48430 GAIN1(LOSS) SALE OF CAP ASS 1,552,726.00 0,00 0.00 ( 32,659.06) 0.00 1,585,385.06 2,10- TOTAL MISCELLANEOUS INCOME 1,675,166.00 11,196.67 0.00 62,136.47 0.00 1,613,029.53 3,71 OTHER FINANCING SOURCES 4000-49160 TRANSFER FROM GENERAL FUND 0,00 0.00 0,00 0,00 0,00 0,00 0.00 4000-49325 BANK NOTE PROCEEDS 4,500,000.00 0.00 0.00 3,503,499.53 0.00 996,500.47 77,86 4000-49550 LEASE PRINCIPAL PAYMENTS (0 0,00 0.00 0,00 0.00 0,00 0,00 0,00 4000-49600 INSURANCE RECOVERIES 0.00 0,00 0,00 0,00 0.00 0.00 0.00 TOTAL OTHER FINANCING SOURCES 4,500,000,00 0.00 0.00 3,503,499.53 0.00 996,500.97 77.8E TOTAL REVENUES 8,778,766.00 226,796.01 0,00 5,433,688.63 0,00 3,345,077.37 61.90 8-09-2019 03:16 PM CITY OF WYLIE PAGE: 3 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF JULY 31ST, 2019 111-WYLIE ECONOMIC DEVEL CORP DEVELOPMENT CORP-WEDS 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 0.00 232,941.71 0.00 57,238.29 80.27 5611-51130 OVERTIME 0.00 0.00 0.0) 0.00 0,00 0.00 0.00 5611-51140 LONGEVITY PAY 1,452.63 0.00 0.110: 1,414.00 0.00 8.63 99.41 5611-51145 SICK LEAVE BUYBACK 0.00 0.00 0.011 0.00 0.00 0,00 0.00 5611-31160 C:ERTIaICATION INCENTIVE 0,00 0.00 0.(0 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 9,934.91 0,00 2,665.09 78.85 5611-51220 PHONE ALLOWANCE 4,656.00 1,164.00 0.00 4,656.00 0.00 0.00 100.00 561.1--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. 37,018.11 0.00 8,860.89 80.69 561.1-51410 HOSPITAL & LIFE INSURANCE 41,277.00 6,561.66 0.00 36,494.72 0.00 4,732,28 88,41 5611-51415 EXECUTIVE HEALTH PLAN 0.00 0,00 0,06 0.00 0,00 0.00 0.00 56111-51420 LONG-TERM DISABILITY 1,655,00 86.85 0.003 943.71 0.00 711,29 57.02 5611-51440 FICA 18,863.00 1,386.56 0„00' 12,230.16 0.00 6,632.84 64.84 5811-51450 MEDICARE 4,412.00 324.28 0.00 3,378.65 0.00 1,033,35 76.58 5611-51470 WORKERS COMP PREMIUM 396.00 0.00 0.07- 302.39 0.00 93.61 76,36 5611-51460 UNEMPLOYMENT COMP (INC) 810,00 0.00 0.GI 27.00 0.00 783.00 3.33 _ TOTAL PERSONNEL SERVICES 422,180.63 36,804.55 � 0.00 339,371.36 __._ ......_....0.00 82,809.27 80 .39 .39 SUPPLIES 5611 52010 OFFICE SUPPLIES 5,300.00 71.50 0,00 3,091.05 0.00 2,208.95 58.32 5611-52040 POSTAGE ,, FREIGHT 890.00 39.00 0,00 101.50 0.00 788.50 11.40 5611-52130 TOOLS/ EQUIP (NON-CAPITAL) 1,099.00 0.00 0.00 1,098.41 0.00 0.59 99.95 5611.-52810 FOOD SUPPLIES 2,150.00 266.32 0.00 1,429,58 0.00 720.42 66.49 5611-52990 OTHER 0,00 0.00 0,00 0.00 0.00 0.00 0,00 TOTAL SUPPLIES 9,439,00 376,82 0.00 5,720.54 0.00 3,718.46 60.61 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 2,601.00 0.;.00 0.00 2,568.81 0,00 32.19 98.76 561.1-54990 OTHER 5,000.00 0,00 0.00 0.00 (1.00 5,000.00 0.00 TOTAL MATERIALS FOR MAINTENANC 7,601.00 0.00 0,00 2,568,81 0.00 5,032.19 33.80 CONTRACTUAL SERVICES 5611-56030 INCENTIVES 1,122,100.50 81,722.41 0..00 399,644.69 0.00 722,455.81 35.62 5611-56040 SPECIAL SERVICES 633,900.00 6,341.55 0.00 535,366.13 31,745.20 66,788,67 89.46 5611-56080 ADVERTISING 127,000.00 9,062.30 0.00 45,047.50 0,00 81,952.50 35.47 5611.-56090 COMMUNITY DEVELOPMENT 68,100.00 331.02 000 37,418.20 2,000,...00 28,681.80 57.38 5611.-56110 COMMUNICATIONS 9,628.00 521.88 0.00 7,847,44 0...00 1,760„.56 81,51 5611-56180 RENTAL 29,.328.00 2,444.00 0,00 26,496.00 0.00 2,832.00 90.34 5611.-56210 TRAVEL & TRAINING 55,425.00 197.88 0..00 32,992.11 0.00 22,432.89 59.53 5611-56250 DUES & SUBSCRIPTIONS 30,610.00 1,482.48 0..00 16,954.94 3,500.00 10,155.06 66.82 5611-56310 INSURANCE 4,310.00 0.00 0.00 4,004.71 0.00 305.,29 92.92 5611-56510 AUDIT I LEGAL SERVICES 39,000,00 996.00 0.00 32,427.50 1,730.,00 4,842.50 87,58 561.1.-56570 ENGINEERING/ARC:HITECTIJRAL 30,000.00 6,475.60 0...00 15,094.91 822„.32 14,082.77 53.06 5611-56610 UTILITIES-ELECTRIC 2,.400.00 463.90 0..00 2,..792.68 0,00 1-: 392.,68) 116.36 TOTAL CONTRACTUAL SERVICES 2,151,801,50 110,039.22 0.00 1,156,086.81 39,797,52 955,917.17 35.53 8-09-2019 03:16 PM CITY OF WYLIE PAGE 4 REVENUE AND EXPENSE REPORT - (UNAUDITED) AS OF: JULY 31ST, 2019 111-WYLIE ECONOMIC DEVEI 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 --,- , DEBTSERVICE & CAP. REEL 5611-57110 DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-57410 PRINCIPAL PAYMENT 1,628,051.00 30,803.17 0,00 791,999,22 0.00 836,051.78 48.65 5611-57415 INTEREST EXPENSE 343,898.00 23,723.74 0,00 180,805.79 0.00 163,092.21 52.50 5611-57710 PAD DEBT EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0 00 TOTAL DEBT SERVICE & CAP. REPL 1,971,949,00 54,526.91 0.00 972,805.01 0.00 999,143.99 49.33 CAPITAL OUTLAY 5611-58110 LAND-PURCHASE PRICE 4,800,000.00 172,297.96 0.00 3,954,110.14 0.00 845,889.06 62,38 5611-58120 DEVELOPMENT FEES 0,00 0.00 0.00 0,00 0.00 0.00 0.00 5611-58150 LAND-BETTERMENTS 0.00 0,00 0.00 0,00 0,00 0.00 0.00 5611-58210 STREETS & ALLEYS 507,760,00 2,500.00 0.00 3230620.09 0,00 184,139.91 63.73 5611-58410 SANITARY SEWER 0.00 0.00 0.00 0,00 (1.00 0,00 0,00 5611-58810 COMPUTER HARD/SOFTWARE 0.00 0,00 0.00 105.98 0.00 ( 105.98) 0.00 5611-58830 FURNITURE & FIXTURES 1,000.00 0,00 0,00 0.00 0,00 1,000.00 0.00 5611-58910 BUILDINGS 0,00 0.00 0.00 0.00 0.00 0,00 0.00 5611-58995 CONTRA CAPITAL OUTLAY 0.00 ( 177,397,96) 0.00 ( 3,887,122.14) 0,00 3,887,122.14. 0.00 TOTAL CAPITAL OUTLAY 5,308,760.00 ( 2,600.00) 0.00 390,714.07 0.00 4,918,015.93 7.36 OTHER FINANCING (USES) 5611-59111 TRANSFER TO GENERAL FUND 0_00 0.00 0.00 0.00 0.00 0.00 0.00 5611-59190 TRANSFER TO THORUGHFARE IMP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5611-59430 TRANSFER TO CAPITAL PROJ FU 0.00 0.00 0.00 0,00 0.00 0,00 0.00 5611-59990 PROJECT ACCOUNTING 0.00 0.00 0.00 0.00 0 00 0.00 0 00 . . TOTAL OTHER FINANCING (USES) 0.00 0.00 0.00 0.00 0.00 0.00 0,00 TOTAL DEVELOPMENT CORP-WEDC 9,871,731.13 199,147.50 0.00 2,867,266.60 39,797.52 6,964,667.01 29.45 TOTAL EXPENDITURES 9,871,731.13 199,147.50 0.00 2,867,266,60 39,797.52 6,964,667.01 29.45 REVENUE OVER (UNDER) EXPENDITURES ( 1,092,965.13) 27,648.51 0.00 2,566,422.03 ( 39,797.52) ( 3,619,589.64) 231.17- *** END OF REPORT *'' 8,.09-2019 3:20 PM DETAIL LISTING PAGE: 1. FUND : 111-CYLIE ECONOMIC REVEL CORP PERIOD TO USE: Jul-2019 THRU Jul-2019 DEPT , 61.1 DEVELOPMENT CORD--WEDC ACCOUNTS: 561:1--52010 THRU 5 611-5 8 91 0 POST DATE TRAN # REFERENCE PACKET_._,.-_-DESCRIPTION=- = VEND INV/JE # NOTE --AMOUNT-- ---.-BALANCE - 5611-52000 OFFICE SUPPLIES BEGINNING BALANCE 3,019,55 7/23/19 7/23 ?448405 CHK: 104811 11578 OFC SUPP-PPR, FLDR, TAPE 000392 27483 71.50 3,091.05 .._.. - ..__...... JULY ACTIVITY DB: 71.50 CR: O,00 71.50 22-222-22-22-2222-22-22-222222-222-22-22-22-2222-22-22-22-22-22-22-22-22-2222-22-22-22-22-2-22-22-22.222.------222 5611-52040 POSTAGE & FREIGHT BEGINNING BALANCE 62,50 7/01/19 7/01 A46749 CHIC. 104392 11034 DALLAS LETTERPRESS DEL 002174 7969 39.00 101.50 ,,,, &.####-##...-'-#. jULY ACTIVITY GB: 39.00 CR: 0.00 39.00 5611-.52130 TOOLS/ EQUIP (NON-CAPITAL) BEGINNING BALANCE 1,098.41 5611-521.60 TOOLS/ EQUIP - $100-$999.99 BEGINNING BALANCE 0.00 .5611-52810 FO0D SUPPLIES BEGINNING BALANCE 1,163,26 7/19/19 7/19 A48180 DFT: 000875 1.1500 OFFICE LUNca -15 000912 8277 JUL19 SATTERW 198.68 1,3€1:1..94 7/19/19 7/19 A48192 DFT: 000875 11E01 WEDC BOARD MTC, MEAL, 000912 8277 JUL19 WYGANT 13.52 1,375.46 7/19/19 7/19 A48192 DFT: 00087.5 11501. WM& BOARD MTG MEAL, 000912 8277 JUL19 WYGANT 22,05 1,397,51 7/19/19 7/19 A48192 OFT: 000E+75 11.501. WEDC BOARD MTG MEAL 000912 8277 JUL19 WIT&ANT 14,91 1,412.45 7/19/19 7/19 A48192 DFT: O00875 11501. WEDC. BOARD MTG MEAL 000912 8277 JUL19 WYGANT 17.13 1,429,58 -'..-_. ## - JULY ACTIVITY DB: 266,32 CR: 0,00 266,32 5611-52990 OTHER BEGINNING BALANCE 0,00 5611-54630 TOOLS & EQOIPMENT BEGINNING BALANCE 0,00 -222-22-222,22-22-22-222--222-22-22-22-22-222-222-22222.222-2222-22-22-222-22-222-222-22-22-222-222-22-22222-222-222-22-22-22-22-2 5631-S4810 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 2,568,81 8-09-201.9 320 PM DETAI L LISTING PAGE: 2 FUND 111—WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Ju1-2019 THRU Jul-2019 DEN' . 611 DEVELOPMENT CORP—WEDC ACCOUNTS: 5611-52010 TURD 5611-58910 DOSS DATE TRAN 4` REFERENCE PACKDT -- ----DESCRIPTION _-_= VEND INV/'JF 11 NOTE --=--AMOUNT==— --BALANCE-- ------------------------------------------------------------------_______—_______—___ 561.1.-54990 OTHER BEGINNING BALANCE 0,00 5611-56030 INCENTIVES BEGINNING BALANCE 317,922,28 7/22/19 7/22 A46283 CHK: 104776 11541 CSD :SALES TAX R:.1MB 003990 INV 07.1619 27,331,72 345,254.00 7/25/19 7/25 A45668 DFT; 000877 11.641 REIMDURS: SALES TAX 004019 062819 WEDC 54,390.69 399,644,69 JULY ACTIVITY DB: 81,722,41 CR: 0.00 81,722.41 5611-56040 SPECIAL. SERVICES BEGINNING BALANCE 529,024.53 7/1.9/19 7/19 A48180 DFT: 000875 11500 BEREAVEMENT—DON .LEWI 000912 8277 JUL19 SATTERW 119,99 529,144,57 7/22/19 7/22 348284 CHK, 104777 11541 PROPERTY MGMT 005262 INV 237 2,502.06 531,616.63 7/24/19 7/24 1748534 CHK 104838 11617 COLLIN CTY PROP APPRAISA 005354 071819 WEDC 3,000,00 534,646.63 7/26/1.9 7/26 348878 CHK: 104956 11697 JANITORAIL SVC—WEDC 002330 49223 JUL19 WEDC 157.50 534,604.13 7/30/19 7/30 349131 CHK: 105019 11772 MOWING 002723 2133 562,00 535,366.13 ' -"'_,T. - JULY ACTIVITY DBa 6,341.55 CR: 0.00 6,341.55 561.1-56080 ADVERTISING BEGINNING BALANCE 35,995,00 7/02/1.9 7/02 A46.816 CHK: 10441.5 11051 CONNECTION ADVERTISING 000468 9528 WEDC 1,500,00 37,485.00 7/03/1.9 7/03 A46927 CNN: 104442 11111. SCORECARD AD—MAR29 000832 52418 WEDC 1,500.00 38,965,00 7/22/19 7/22 eA48252 CHIC: 101771 11530 EAST ATIL, GUIDE AD 003441 EAST ATH AD 072219 500,00 39,495.00 7/23/1.9 7/23 A48420 CEIKe 104803 11578 REG. ADV — BIUEGRASS 005142 100158704 ACCT 4 5,562.50 45,047,50 — JULY ACTIVITY DB: 9,062.50 CR: 0.00 9,062,50 5611-56090 COMMUNITY DEVELOPMENT BEGINNING BALANCE 37,087,18 7/19/19 7/19 A48143 DFT: 000875 11498 PRESENTATION ADAPTER 000912 8277 JUL19 GREINER 44.99 37,132.16 7/19/19 7/19 A49143 OFT: 000875 11498 ENTREP, LUNCH SPONS 000912 8277 JUL19 GREINER 186.04 37,318,20 7/30/19 7/30 A49129 CHK: 10502.3 11772 BLUEGRASS SPONSORSHIP 001078 496 100,00 37,418,20 JULY ACTIVLTY D.B: 331,02 CR: 0,00 331,02 8-09-2019 3:20 PM DETAIL LISTING PAGE 3 FUND : 111-WYLIE ECONOMIC DEVEL CORP PERIOD TO USE: Jul-2019 THRU Jul-2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN N REFERENCE PACKET------DESCRIPTION------- VEND INV/JE 8 NOTE _====AMOUNT==-= ===-=BALANCE==== 561.1.--5611.0 COMMUNICATIONS BEGINNING BALANCE 7,325.56 7/17/19 7/17 A47868 CHK: 104703 11420 INTRNT/BXS WEDC JN25-JL2 004568 2101577989 WE:DC J 228,37 7,553.93 7/19/19 7/19 A48180 DFT: 000875 11500 'TELEPHONE SERVICE 000912 8277 JUL19 SATTERW 179.54 7,733.47 7/24/19 7/24 A48565 CHK: 104845 11623 TABLET .,ERV-WEDC: JUN19 001797 822495799-07 JUN19 113.97 7,847.44 ..„.., -'^_-- -- JULY ACTIVITY DB: 521,88 CR: 0,00 521.83 ------------------------------------------------------------------------------------------------------------------------------- 5611-56180 RENTAL B EGINNING BALANCE 21,052.00 7/23/19 7/23 A48412 CHIC: 104810 11578 OFC RENT - AUG 003231 071819 AUG 19 2,250.00 26,302..00 7/23/19 7/23 A48413 CHK: 104798 11578 COPIER RENTAL 003509 110566 194.00 26,496.00 JULY ACTIVITY DB: 2,444,00 CR: 0.00 2,444,00 5611-5621.0 TRAVEL & TRAINING BEGINNING BALANCE 32,794,23 7/19/19 7/.19 A48143 DFT: 000875 11498 PROD UPDATE-BROKAW 000912 8277 JUL19 GREINER 26.50 32,820.73 7/19/19 7/19 A48143 DFT: 000875 11498 PROJECT UPDATE-DAWKI 000912 8277 JUL19 GREINER 32,60 32,853.53 7/19/19 7/19 A48143 DFT: 000875 11498 BUS MTG-DCU 000912 8277 JUL19 GREINER 33.62 32,887,15 7/19/1.9 7/19 A467.43 DFT: 0013875 11498 BUS MTG FORES.ITE GRP 000912 8277 JUL19 GREINER 47,41 32,934.56 7/1.9/19 7/19 A48180 DFT: 000875 11500 BUS MTG -RP REAL EST 000912 8277 JUL19 SATTERW 36.44 32,971.00 7/24/19 7/24 148474 CHIC.: 104818 11610 BUSINESS MEETING JUNE 19 000317 071719 DUES/FEES 21,11 32,992,11 ,,.�.� � ,,,,.�-,, JULY ACTIVITY DB: 197.88 CR: 0.00 197.88 5611.-56220 PROFESSIONAL TRAINING BEGINNING BALANCE 0.00 5611-56250 DOES & SUBSCRIPTIONS BEGINNING BALANCE 15,172.16 7/23/19 7/2.3 A48443 CHK: 104914 11582 DUES/FEES-CLUB CORP MAY1 000317 070219 EXPENSES 741,24 16,213,70 7/24/19 7/24 A48474 CHK: 104818 11610 DUES & FEES JUNE 19 000317 071.71.9 DUES/FEES 741.24 16,954.94 ,,,,, ,,,..,- JULY ACTIVITY DB 1,482,48 CR.^. 0.00 1,482.18 5611-56310 INSURANCE BEGINNING BALANCE 4,004. 1 8-09-2019 3:20 PM DETAIL LISTING PAGE: 4 FUND : ',111-WYLIE ECONOMIC IDEVEL CORP PERIOD TO USE: Jul-2019 THRU Jul--2019 DEPT . 611 DEVELOPMENT C0RP-'WEDC ACCOUNTS: 7611-52010 THRU 561.1-58310 P0S'T DATE TRAN # REFERENCE PACKET- DESCRIPTION-- ------- VEND INVI;IL # NOTE ----,,AMOUNT------ ---=BALANCE 5611-56510 Al1DTl & LEGA.L SERVICES BEGINNING BALANCE 31,431,50 7,/01/19 7,/01 116742 C141<: 10438'i 11034 ATTY FEES-KCS WEDC 000023 1 2793-0090M 280,00 31,711,50 7/01./1.9 7/01 A46743 CHK: 1.04387 11034 ATTY FEES-MULLIGAN WEDC 000023 1 2793-0091M 140.00 31,851.50 7/01./1.9 7/01 A46744 CH1<: 104387 11034 ATTY FEE.1-SCSD WEDC 000023 11 2793-0081M 60.00 31,911,50 7/01,/1.9 7/01 A46745 CHK: 104387 11031 ATTY FEES-CROSS WEDC 000023 3 940272-0250M 66,00 31,977,50 7/01/19 7/01 A46752 CHK: 104.194 11034 ENVIRONMENTAL REVIEW 004947 33694 WEDC 450,00 32,427.50 -'" ,, rn JULY ACTIVITY DB: 996,00 CR: 0,00 996.00 5611-56570 ENGINEERING/ARCHITECTURAL BEGINNING BALANCE 8,619.31 7/01/19 7/01 A46714 CHK: 104377 11028 544 WTRLINE ENGINEERING 000325 15246 WEDC 868.00 9,487.31 7/01/19 7/01 A16715 CHK: 104377 1.1028 544 WTRLINE ENGINEERING 000325 1.5271. WEDS 921,48 10,408,79 7/23/19 7/23 A48417 CNK. 104807 11573 BRWN & 78 PLANS 005135 1.8044A52419 1,595,00 12,003.79 7/23/1.9 7/2.3 A48418 CHK: 104807 1.1578 BRWN & 78 PLANS 005135 18044A62819 3,085,00 15,083.79 7/23/19 7/23 A4841.9 CHK: 104807 11578 BRWN & 78 PLANS 005135 18044R62819 5,12 15,094.91 ,-x- = JULY ACTIVITY DB: 6,47.5.60 CR: 0.00 6,475.60 5611-56610 UTILITIES-ELECTRIC BEGINNING BALANCE 2,328,78 7/01/1.9 7/01 A46712 CHK: 104380 11028 605 COMMERCE - WATER 000101 126054100 WEDC 66,83 2,395,61 7/15/19 7/15 A47665 C1(1<: 104652 11355 ELEC-1171655189 APR3-14171 003302 1171655189 APR3-M 110.68 2,,506.29 7/15/19 7/15 A47666 CHK: 104652 11355 ELEC-MAY3-JUN4 003302 1171655189 MY3-JU 134,87 2,.641,16 7/15/19 7/15 A47667 CUR: 104652 111355 WATER-APR9-MAY9 003302 122-1040-00 AP9-MY 24.08 2,665.24 7/15/'19 7/15 A47668 CEIII 104652 1.1355 WATFR-MAY9-JUN10 003302 122-1040-00 MY9-JU 35,78 2,701,02 7/1.5!19 /15 A47669 717K: 104652 11355 UTILITIES - GAS 003302 3029297066 JUN24 12.60 2,713.62 7/15/19 7/15 A47670 CHK: 104652 11355 UTILITIES-GAS 003302 3029287066 MAY21 12,49 2,.726,11 7/23/19 7/23 A483.98 CHM: 104805 11578 WATER - COMMERCE 000101 126054100 605C0MME 66.57 2,792.68 - = JULY ACTIVITY DBt 463,90 CR: 0.00 463,90 5611-'5711.0 DEBT SERVICE BEGINNING BALANCE 0,00 561.1-57410 PRINCIPAL PAYMENT BEGINNING BALANCE 761,196.05 7/02/19 7/05 B65990 Bnk DLI 070219 18858 JE31299 K&M PMT #46 JE# 031299 8,658,38 769,354.13 7/15/19 7/17 B66071 Bnk Dft 071.51.9 18595 JE311.356 WS PKWY PMT 0,59 JE# 031356 12,639,75 782,493,18 8-09-201.9 3:20 PM DETAIL LISTING PAGE: `i FUND . 111-WYLIE ECONOMIC DEVEL CORP PERIOD `I'0 USE: Ju1-2019 THRU Jul--2019 DEPT : 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5611-52010 THRU 5611-58910 POST DATE TRAN # REFERENCE PACKET------DESCRIPTION VEND INV/JE # NOTE --===AMOUNT=--- BALANCE- 7/22/19 7/23 B66150 Bnk DEL 072219 18918 JE31395 JARRARD PROP #31 JE# 031395 2,219,94 784,713,12 7/22/19 7/23 B66152 Bnk DEL 072219 18918 JE31397 BUCHANAN PMT #59 JE# 031397 7,286,10 791,999.22 JULY ACTIVITY DB: 30,803.17 CR: 0.00 30,803,17 5611-5741.5 INTEREST EXPENSE BEGINNING BALANCE 157,082.05 7/02/1.9 7/08 B65990 Dnk DEt 070219 18858 a7E31299 K&M PMT #46 JE# 031299 86.87 157,168,92 7/12/1.9 7/12 A47553 DFT: 000866 1.1316 ANB TN 3982 PMT 7 003207 3982 JUL319 15,405.96 172,574.88 7/15/19 7/17 B66071 Fink DCC. 071519 18895 JE3135€, WB PKWY PMT 14.59 JE# 031356 629.18 173,204.06 7/22/29 7/23 B66150 Dnk Dfu_ 0722.19 18918 o7E.31395 JARRARD PROP #31 JE# 031395 889.21 174,093,27 7/22/19 7/23 13661.51 Bnk DE1 072219 18918 3E31396 DALLAS WHIRLPL PMT#32 JIll 031396 6,666.67 180,759.94 7/22/19 7/23 B66152 Bnk Dft. 072219 18918 1E31.397 BUCHANAN PMT #59 JE# 031397 45.85 180,805.79 DULY ACTIVITY DB: 23,723,74 CR: 0.00 23,72.3.74 5611-57710 BAD DEBT EXPENSE BEGINNING BALANCE 0.00 5611-.58110 LAND-PURCHASE PRICE BEGINNING BALANCE 3,781,812,18 7/22/1.9 7/22 A48199 DPT: 000874 11517 BRALEY - CLOSING 003164 1901351900325 172,297.96 3,954,110.14 - JULY ACTIVITY DB: 172,297.96 CRC 0.00 172,297.96 5611-58120 DEVELOPMENT FEES BEGINNING BALANCE 0.00 561.1-581.50 LAND-BETTERMENTS BEGINNING BALANCE 0.00 561.1.-582.10 STREETS F. ALLEYS BEGINNING BALANCE 321,120.09 7/01/19 7/01 A46750 CHK: 104396 11034 544 WATERLINE-KCS PE 003551 19-12125 WEDC 2,.500.00 323,620.09 N,.., ”,.,<..<..a - JULY ACTIVITY DB: 2,500.00 C.R. 0,00 2,500.00 8-09-2019 3:20 PM DETAIL LISTING PAGE: 6 FUND 111-WYLIE ECONOMIC: CDEVEiL CORP PERIOD TO USE: Jul-2019 THRU Jul-2019 DEPT 611 DEVELOPMENT CORP-WEDC ACCOUNTS: 5511-52010 THRU 5611-58910 POST DATE TRAM E REFERENCE PACKET DESCRIPTION------ VEND INV/IE NOTE ===AMOUNT-=-- ---BALANCE--= 5511-504 10 SANITARY' SEWER BEGINNING BALANCE 0.00 5511-58E310 COMPUTER HARD/SOFTWARE BEGINNING BALANCE 105.98 5611.-=58830 FURNITURE k FIXTURES BEGINNING BALANCE 0.00 5611-58910 BUILDINGS BEGINNING BALANCE 0.00 000 ERRORS IN THIS REPORTS ** REPORT TOTALS ** --- DEBITS --- --- CREDITS --- BEGINNING BALANCES. 6,075,276.47 0.00 REPORTED ACTIVITY: 339,740.91 0.00 ENDING BALANCES: 6,415,017.38 0.00 TOTAL FUND ENDING BALANCE: 6,415,017.38 Wylie Economic Development Corporation Balance Sheet Sub Ledger July 31, 2019 Notes Payable Date of Add'I draws Rate of Principal Purchase Payment Beginning Bal. to date Principal Interest Interest Balance July 1, 2019 6,069,525.29 ANBTX-88130976 WOODBRIDGE PKWY (#59 of 80) 8/15/14 13,267.93 287,150.60 12,638.75 629.18 2.61 274,511.85 ANBTX-88148481 BUCHANAN(#59 of 60) 8/13/14 7,331.95 15,236.49 7,286.10 45.85 3.77 7,950.39 ANBTX-88158043 K&M/HOBART(#46 of 48) 9/2/15 8,745.25 26,516.01 8,658.38 86.87 4.00 17,857.63 ANBTX-88158357 DALLAS WHIRLPOOL(#32 of 60) 11/22/16 varies 2,000,000.00 0.00 6,666.67 4.00 2,000,000.00 JARRARD GRAYS AUTO(#31 OF 120) 12/1/16 3,109.15 237,122.66 2,219.94 889.21 4.50 234,902.72 ANBTX-88193982 ANB-BROWN&78(#7 OF 60) 12/12/18 varies 3,503,499.53 0.00 15,405.96 5.25 3,503,499.53 July 31, 2019 $30,803.17 $23,723.74 $6,038,722.12 Wylie Economic Development Corporation Inventory Subledger July 31, 2019 Inventory - Land Date of Pur. Address Acreage Improvements Cost Basis Sub-totals Cooper McMasters 7/12/05 709 Cooper 0.48 0 n/a $202,045 Heath 12/28/05 706 Cooper 0.46 $32,005 3,625 186,934 Perry 9/13/06 707 Cooper 0.49 0 Demo 200,224 Bowland/Anderson 10/9/07 Cooper Dr. 0.37 0 n/a 106,419 KCS 8/1/08 Cooper Dr. 0.41 0 n/a 60,208 Duel Products 9/7/12 704 Cooper Dr. 0.50 0 n/a 127,452 Randack 10/23/12 711-713 Cooper Dr, 1.09 217,500 8,880 400,334 Lot 2R3 7/24/14 Cooper Dr. 0.95 0 n/a 29,056 $1,312,672 Industrial Ct. Ind Ct-Hwy 78 7/06-4/16 Ind Ct-Hwy 78 1.45 0 n/a 924,486 Jarrard 12/22/16 201 Industrial Ct 0.29 32,893 3,900 300,493 1,224,979 Regency Regency Pk. 6/4/10 25 Steel Road 0.65 0 n/a 25,171 25,171 Commerce Hobart Investments 11/12/13 Commerce 1.60 0 n/a 156,820 Hobart 1/6/14 605 Commerce 1.07 396,263 20,000 386,380 Dallas Whirlpools 11/22/16 900-908 Kirby 4.79 128,925 9,000 2,182,080 2,725,280 Downtown Heath 3/17/14 104 N. Jackson 0.17 0 Demo 220,034 Udoh 2/12/14 109 Marble 0.17 0 n/a 70,330 Peddicord 12/12/14 100 W. Oak St 0.35 155,984 4,444 486,032 City Lot 12/12/14 108/110 Jackson 0.35 0 n/a Jones (K&M) 9/3/15 106 N. Birmingham 0.21 42,314 4,125 190,596 FBC Lot 6/15/16 111 N. Ballard St 0.20 0 n/a 150,964 FFA Village 1/7/18 102. N. Birmingham 0.17 35,390 910 99,804 1,217,760 Alanis White Property(Alanis) 12/12/14 Alanis 6.63 0 n/a 420,336 420,336 South Ballard Birmingham Trust 6/3/15 505 -607 S. Ballard 1.12 0 n/a 409,390 Murphy 3/7/19 701 S. Ballard 0.20 115,724 1,312 172,487 Braley 7/22/19 503 S. Ballard 0.26 50,762 840 177,398 759,275 Squire Gallagher 3/14/18 Squire-lot 2-4 2.67 100,404 6,000 573,844 573,844 Brown &78 Turner 12/5/18 504 E. Brown 1.02 84,077 1,180 308,180 Wallace 12/18/18 502 E. Brown 0.19 24,637 680 204,775 Karan 12/28/18 300 E. Brown 2,39 0 0 1,250,391 O'Donald 1/7/19 410 E. Brown 0.19 64,421 940 177,044 Weatherford 2/12/19 303 Marble 2.17 0 0 757,488 Brothers JV 2/26/19 306 & 308 N. 2nd Stn 0.38 0 n/a 145,923 Pulliam 2/27/19 300 N. 2nd Street 0.26 122,764 1,364 218,472 Swayze 4/18/19 208 N. 2nd Street 0.26 73,313 1,860 187,501 Swayze 5/9/19 204 N. 2nd Street 0.26 121,781 2,033 187,658 3,437,433 Total 34.19 $1,799,157 71,093 $11,696,750 $11,696,750 *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 of land value. 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 Jul-19 20-Aug 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 5/28/194 6/25/19 7/24/19 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 6/17/19 7/19/19 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 7/3/19 8/8/19 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 7/5/19 8/5/19 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 7/10/19 8/15/19 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 7/10/19 8/15/19 Austin/Said LLC 1st 6/1/19 7/1/19 8/1/19, 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 7/3/19 8/3/19 Gallagher 1st 4/26/19 5/10/19 5/28/19 6/28/19 7/30/19'. WEDC EXECUTIVE DIRECTOR J P MorganChase Expense Report June 2019 DATE PAYEE AMOUNT PURPOSE INDIVIDUAL/GROUPS PRESENT 6/4/19 Choc.Angel Deli 198.68 Office Lunch-15 Office- 15 6/6/19 Wylie Flower 119.99 Bereavement-Don Lewis n/a 6/6/19 Jason's Deli 36.44 Business Mtg WEDC, RP Real Estate-3 06/02/19 Cytracom 179.54 Telephone Service n/a TOTAL 534.65 WEDC Assistant Director JPMorgan Chase Expense Report June 2019 DATE VENDOR PURPOSE AMOUNT 6/10/19 Burgerim Project Update- Brokaw 26.50 6/14/19 Chiloso Project Update- Dawkins 32.80 6/21/19 La Flor Business Mtg - DCU 33.62 6/21/19 Napoli's Young Entrepreneurs Sponsor 186.04 7/2/19 Ascension Coffee Business Mtg - Foresite Group 47.41 6/24/19 Frys Presentation Adapter 44.98 Total 371.35 WEDC Senior Assistant JPMorgan Chase Expense Report June 2019 DATE VENDOR PURPOSE AMOUNT 6/5/19 Tom Thumb WEDC Board Mtg Meal 13.52 6/6/19 McDonalds WEDC Board Mtg. Meal 14.94 6/18/19 Tom Thumb WEDC Board Mtg. Meal 22.05 6/19/19 McDonalds WEDC Board Mtg. Meal 17.13 Total 67.64 WYLIE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE FOR THE MONTH OF AUGUST 2019 MONTH WEDC WEDC WEDC WEDC DIFF % DIFF 1 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 212,620 223,571 213,977 215,108 1,131 0.53% AUGUST 268,976 261,573 249,590 283,603 34,013 13.63% 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 $2,143,889 $278,454 14.93% AUDIT ADJ TOTAL $2,481,757 $2,627,376 $2,562,759 $2,143,889 $278,454 14.93% WEDC SALES TAX ANALYSIS $350,000 n.,..._......M........M �.0 _u .., .. . $300,000 mme_ ._ _ __ __ _... $250,000 a -- __ - $200,000 €-- .. .._ 1 $150,000 $100,000 I $50,000 - $0 ao Z Z• 2 _ m c = . .D a a E > > co Q 2 -' ' E o E m ylie cono ic 1 evelop ent Corporation E 0 - A DU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Directo SUBJECT: Regular Regular Meeting Date/Time DATE: August 5, 2019 Issue (Remove from Table) Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2019-2020. Analysis Section 4.07 of the WEDC By-laws states that the President of the Board shall set a regular meeting date and time at the beginning of his/her term. Currently WEDC Board Meetings are set for the third Wednesday of each month at 6:30 a.m. As reflected in the 7-17-19 Minutes, President Brokaw is seeking input from the full Board to establish the Regular Meeting date/time going forward. Recommendation Staff recommends that the WEDC President/Board establish a regular meeting date and time for FY 2019 - 2020. Attachment WEDC By-laws, Section 4.07 3, Long term issues to be dealt with over the succeeding twelve- month period or longer period of time, together with recommendations to meet such issues with emphasis to be placed on direct economic development. 4. A recap of all budgeted expenditures to date, together with a recap of budgeted funds left unexpended and any commitment made on said unexpended funds. 4QmiilkciDrnicS The Development Corporation of Wylie, Inc. is authorized to do that which the Board deems desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.04 of these Bylaws and in accordance with State law. 4.06 Tenure The initial terms of office for the Directors shall be two (2) Directors with three (3) year terms, two (2) Directors with two (2) year terms, and one (1) Director with a one (1) year term, as designated by the Mayor and City Council. After the initial term of office, the Directors shall serve for three(3) years, and Directors may serve for an unlimited number of consecutive terms. .N.o_tigsr—Ccuinsa The Board shall attempt to meet at least once each month within the city of Wylie, at a place and time to be determined by the President. All meetings of the Board shall provide notice thereof as provided and as required by the Texas Open Meetings Act. Any member of the Board may request that an item be placed on the agenda by delivering the same in writing to the secretary of the Board prior to the posting of the notice required by the Texas Open Meetings Act. The President of the Board shall set regular meeting dates and times at the beginning of his/her term. Special Meetings may be called by any member of the Board in accordance with the provisions of the Texas Open Meetings Act. The notice shall contain information regarding the particular time, date, and location of the meeting and the agenda to be considered. All meetings shall be conducted in accordance with the Texas Open Meetings Act. The annual meeting of the Board of Directors shall be held in January of each year. The Board may retain the services of a recording secretary if required. 6 Amended 5/25/99 ylie Econo • I evelop ent Co • oration E O - ANDU TO: WEDC Board of Directors FROM: Samuel Satterwhite, Executive Director SUBJECT: DCU Performance Agreement DATE: August 18, 2019 Issue Consider and act upon a Performance Agreement between DCU, Inc. and the WEDC. Analysis The WEDC entered into a Performance Agreement with DCU on September 22, 2017 for a $100,000 incentive package which was subsequently increased to $107,858 via the First Amendment. The Incentive Package was designed to assist DCU with the 725' extension of an Atmos gas line, pay City of Wylie development fees which were originally estimated at $31,534, provide assistance with moving and relocation costs. The original Performance Agreement specified a payment of$31,534 to the City of Wylie for Development Fees and $18,466 to DCU for expenses associated with the gas line extension and moving/relocation costs (both in 2018). Two equal payment of$25,000 were scheduled for 2019 and 2020 to further reimburse DCU for gas line costs and moving expenses. The First Amended Performance Agreement increased total participation by $7,858 to account for actual costs for the gas line which exceeded estimates utilized in the original Agreement. Further, the entire cost of the gas line ($32,013) was moved to Incentive No. lb and paid directly to the contractor. The balance of Incentive No. lb ($19,311) was paid to DCU. Finally, to account for the entirety of the gas line being funded in 2018 as opposed to being reimbursed over 2018—2020, Incentive No. 2 and No. 3 were reduced from $25,000 each to $12,500. To further complicate the project and as addressed in the Second Amended Performance Agreement, the Impact Fees were calculated incorrectly at the start of the project and overestimated by $6,988.80. The error occurred by originally identifying the project as an 'office' as opposed to a 'warehouse' which has a lower multiplier for thoroughfare impact fees. With the WEDC paying the fees directly to the City of Wylie, the total incentive cost to the WEDC was reduced by $6,988.80. The Board believed at the time that the savings be passed along to DCU being that the total package of$107,858 was for the benefit of DCU and had the calculation not been wrong originally, those monies would have been applied to payments No. 2 and No. 3. Instead of equally paying out the $6,988.80 over 2019 and 2020, the entire amount would be available in Incentive No. 3 in 2020. WEDC—DCU, Inc. August 18, 2019 Page 2 of 2 The above brings us to today at which time a $1.2 mm appraised value is required to qualify for Incentive No. 2 of$12,500. Keep in mind that this is the first tax year the improvements are on the tax rolls. This is so significant in this case because the Collin County Appraisal District (CCCAD) allows the owner/developer to use a 'cost' approach for the first year supported by actual invoices. Following years are calculated by a combination of market value and a database that identifies regional construction costs. Further, the first-year cost approach allows the owner to reduce cost/value by all fees and off-site utility costs. The bottom line is that the CCCAD allowed the $804,484 cost of improvements to be reduced to $601,844. The required $1.2 minimum value of the project is at $985,872 (which includes real and personal property values). The value requirement was missed for the following reasons: 1. The owner built the building personally which significantly impacted cost. 2. Staff conservatively estimated the value at $80 psf which is consistent throughout the area with the owner being able to prove up $54 psf to the CCCAD for Year 1. 3. Staff has some responsibility in this due to its lack of understanding of the appraisal process for Year 1. However, staff cannot dismiss that the total package of $107,858 was partially based upon revenue generated from property taxes. The City of Wylie will receive less taxes based upon DCU missing the minimum value by $214,128. The deficit multiplied by the current tax rate would be $1,554.23. Staff is generally not comfortable with making exceptions but believes that this is a complex issue which allows us to develop more realistic and accurate Agreements in the future. All said, staff is requesting that the Board allow staff to Amend the Agreements in place with DCU by waiving the valuation requirement for 2019 and reducing the maximum $12,500 Incentive Payment by $1,554.23. If the Board is agreeable with this recommendation, staff will make clear to DCU, and emphasize in writing, that the minimum valuation of $1.2 mm required for Incentive No. 3 will not be reduced with the entire payment of $19,488.80 voided in advance should there be a shortfall. Recommendation Staff recommends that the WEDC Board of Directors approve an amendment to the DCU Performance Agreement by waiving the minimum valuation requirement and reducing Incentive No. 2 to $10,645.77 Attachments Performance Agreement First Amendment Second Amendment PERFO' CE AG ' EMENT Between LIE ECONOMIC DEVELOPMENT CO' '0' • TION And DCU, Inc. This Performance Agreement (this "Agreement") is made and entered into by and between the Wylie Economic Development Corporation (the "WEDC"), a Texas corporation organized and existing under the Development Corporation Act of 1979, as amended from time to time (the 'Act"), and DCU,Inc. a Texas Corporation(the "Company"). CITALS WHEREAS, the Company is desirous of making real and personal property improvements in the form of a 11,200-square foot manufacturing facility (the "Project"). The project will have an estimated project cost of One Million Two Hundred Thousand Dollars ($1,200,000) and will be located at 2774 Capital Street in Wylie, Texas (the "Facility"); and WHEREAS, the Company has requested that the WEDC provide economic assistance to offset the cost of the construction for the Project and other expenses associated with constructing the Facility in the City of Wylie, Texas; and E ' AS, the construction of the Project in the City of Wylie, Texas will ultimately create "primary jobs", as that term is defined in the Act; and E " AS, the WEDC has determined that it is in the best interest of the public and the City and promotes the purposes authorized by the voters of the City of Wylie for which the WEDC was established to encourage the development and use of business properties within the City; and WHE ' AS, the WEDC has estimated that $31,534 will be assessed by the City Wylie in development fees to be paid prior to issuance of Certificate of Occupancy of the Facility; and WHEREAS, for the public purpose of promoting economic development and diversity, increasing employment, reducing unemployment and underemployment, expanding commerce and stimulating business and commercial activities in the State of Texas, and the City of Wylie, the WEDC desires to offer economic assistance to Company as more particularly described in this Agreement. NOW, THE' FO ' , for and in consideration of the promises, covenants and agreements set forth herein, the receipt and sufficiency of which are hereby acknowledged, the WEDC and Company agree as follows: I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed One Hundred Thousand Dollars ($100,000.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on August 31, 2020. Page 1 of 6 W\Board\2017\9-20-17\DCU-Performance Agreement-DCU, doe Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Payment Schedule: Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Incentive Incentive Expiration 2018 No. la $700,000 $31,534 $31,534 8-1-2018 2018 No. lb $1,200,000 $18,466 $50,000 8-1-2018 2019 No. 2 $1,200,000 $25,000 $75,000 8-1-2019 2020 No. 3 $1,200,000 $25,000 $100,000 8-1-2020 II. Performance Requirements for Economic Development incentive. a. Incentive No. la: An Economic Development Incentive, for the benefit of the Company, of Thirty-One Thousand Five Hundred Thirty-Four Dollars ($31,534) will be paid to the City of Wylie upon completion of the following Performance Requirements for Incentive No. la: 1) Receipt of documentation by WEDC supporting Company's application to the City of Wylie for a Certificate of Occupancy supporting the construction of a 11,200-square foot facility located at 2774 Capital Street in Wylie and a letter from the City of Wylie Building Official indicating Company has complied with all requirements of said application, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of a 'Permit Fee Receipt' from the City of Wylie for development fees of not less than $31,534, approval of said documentation at the sole and absolute discretion of the WEDC; and a) Should development fees imposed by the City of Wylie exceed $31,534, Company shall pay 100% of the overage; and 3) Receipt of documentation by WEDC supporting a minimum construction cost of the project of Seven Hundred Thousand Dollars ($700,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Receipt of documentation by WEDC supporting an expenditure of not less than $25,000 to extend a gas line approximately 670 feet to the easternmost property line of the lot located at 2774 Capital Street in Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and Page 2 of 6 W:\Board\2017\9-20-17\DCU-Performance Agreement-DC1J,Inc..doc 5) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 6) Eligibility expiration for the Company to qualify for this Incentive No. la is August 1,2018. b. Incentive No. 1 b: An Economic Development Incentive of Eighteen Thousand Four Hundred Sixty-Six Dollars ($18,466) will be paid to Company upon completion of the following Performance Requirements for Incentive No. lb: 1) Receipt of documentation by WEDC of a Certificate of Occupancy for an eleven thousand two hundred (11,200) square foot industrial building issued by the City of Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Eligibility expiration for the Company to qualify for this Incentive No. lb is August 1, 2018. c. Incentive No. 2: An Economic Development Incentive of Twenty-Five Thousand Dollars ($25,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 2: 1) Receipt of documentation by WEDC supporting a minimum valuation of One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street in Wylie, Texas as evidenced by a certified appraisal issued by the Collin County Central Appraisal District, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 3) Receipt of documentation by WEDC evidencing the ongoing operations of DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 2 is August 1,2019. Page 3 of 6 WABoard12017\9-20-17\DCU-Performance Agreement-DCU,Inc doc d. Incentive No. 3: An Economic Development Incentive of Twenty-Five Thousand Dollars ($25,000) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 3: 1) Receipt of documentation by WEDC supporting a minimum valuation of One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street in Wylie, Texas as evidenced by a certified appraisal issued by the Collin County Central Appraisal District, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 3) Receipt of documentation by WEDC evidencing the ongoing operations of DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 3 is August 1, 2020. III. WEDC Payment of Reimbursement Incentives. Subject to the terms of this Agreement, the WEDC shall pay the Incentives within approximately five (5) days of receipt of the required documentation from the Company, subject to verification by the WEDC that the Performance Requirements have been met or exceeded by the Company. Further, Incentives No. 2 and No. 3 will be paid not sooner than 12 months following payment of preceding Incentive Payment. IV. Non-Attainment of Performance Requirements. In the event that the Company does not meet or exceed a Performance Requirement as specified in Section II (a), the WEDC Economic Development Incentive will be voided in advance of payment in addition to all future Economic Development Incentive payments being voided at the sole discretion of the WEDC. The Company will not be eligible to receive an Economic Development Incentive payment if documentation supporting Performance Requirements are not received by WEDC prior to the Eligibility Expiration Date. Company will be notified in writing in the event a Performance Requirement is not met and have thirty (30) days to cure said default. V. Economic Assistance Termination. The Agreement may be terminated by mutual agreement of the parties or by either party, upon the failure of the other party to fulfill an obligation as set forth in Section II above. Regardless of the Company's level of attainment of the Performance Requirements set forth in Section II above, the WEDC's obligation to pay the Reimbursement Incentive will expire in full on August 31, 2020. Page 4 of 6 W\Board1201719-20-17WCU-Performance Agreement-DCU,Inc doe VI. Employee Hiring, Materials and Supplies Purchase. Although not an event of default or a condition to any advance in the Agreement, WEDC requests that the Company satisfies its need for all construction contractors from Wylie residents and purchase all materials, supplies and services necessary to affect the Project and subsequent occupancy of the Facility from Wylie merchants and businesses. VII. Community Involvement. Although not an event of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Wylie, Texas, and to actively encourage its employees to be involved in such organizations and/or activities. VIII. Verification and Compliance. The Company will allow the WEDC to audit necessary Company's records, documents, agreements and other instruments in furtherance of the following purposes: (i) to ensure the Company's compliance with the affirmative covenants set forth in this Agreement; (ii) to determine the existence of an Event of Default under the terms of this Agreement; (iii) to ensure compliance with any other terms and conditions set forth herein or any related documents. Company will provide reports certifying the status of compliance, jobs retained, new investments and any other relevant information until the termination of this Agreement IX. Cessation of Economic Assistance. Notwithstanding anything herein to the contrary, WEDC shall have no obligation to disburse WEDC Economic Development Incentives if the Company becomes insolvent, files a petition in b. ptcy or similar proceedings, or is adjudged bankrupt, or is delinquent on any property tax payments or an Event of Default under the terms of this Agreement occurs. X. Non-Payment of Economic Assistance. The following will constitute an Event of Default and any advance shall not be forgiven in an Event of Default: the Company becomes insolvent, makes any materially false statements to the City and/or the WEDC, fails to pay ad valorem taxes, or files suit against the City and/or the WEDC. XI. Miscellaneous. a. This Agreement shall inure to the benefit of the parties hereto and shall not be assignable by Company without the prior written consent of the WEDC, which consent may be withheld by the WEDC in its sole and absolute discretion. b. This Agreement shall be construed according to the laws of the State of Texas and is subject to all provisions of Vernon's Ann. Civ. St. Art. 5190.6, which are incorporated herein by reference for all purposes. In the event any provision of the Agreement is in conflict with article 5190.6, article 5190.6 shall prevail. c. This Agreement contains the entire agreement of the parties regarding the within subject matter and may only be amended or revoked by the written agreement executed by all of the parties hereto. d. This Agreement shall be governed by the laws of the State of Texas and is specifically performable in Collin County, Texas. Page 5 of 6 WABoard12017 W-20-17\DCU-Performance Agreement-DCU,Inc doc e. Any notice required or permitted to be given under this agreement shall be deemed delivered by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other address as any part hereto might specify in writing: WEDC: Samuel D. R. Satterwhite Executive Director Wylie Economic Development Corporation 250 South Highway 78 Wylie, Texas 75098 COMPANY: DCU, Inc. 908 W Kirby St. Wylie, TX 75098 Attention: Mark Hambleton By the execution hereof, each signatory hereto represents and affhins that he is acting on behalf of the party indicated, that such party has taken all action necessary to authorize the execution and delivery of the Agreement and that the same is a binding obligation on such party. EXECUTED this - ay of September 2017. WEDC: Wylie Economic Development Corporation By: ern— Samuel DR. Satterwhite,Executive Director COMP Y: DCU, Mark Harnbicton, Owner Page 6 of 6 W:\Board'2017\9-20-17\DCU-Performance Agreement-DCU,Inc.doe FIRST A NDED PERFORMANCE AGREEMENT THIS FIRST AMENDED PERFORMANCE AGREEMENT (the "Amended Agreement"), is entered into and is effective as of the 21 day of March 2018 by and between WYLIF ECONOMIC DEVELOPMENT CORPORATION, a Texas economic development corporation ("WEDC"), and DCU, Inc., a Texas Corporation(the "Company"). WITNES SETH: WHEREAS, the WEDC executed a certain Performance Agreement between WEDC and Company (the "Agreement") on September 22, 2017 to facilitate the construction a 11,200-square foot manufacturing facility(the "Project"); and WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain respects, as more particularly set forth in this Amended Agreement. NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the construction of the facility, the WEDC and Company covenant and agree as follows: 1. Defined Terms. Capitalized terms used but not defined in this Amended Agreement will have the meanings given to them in the Agreement. 2. Modification to Economic Assistance. Notwithstanding anything to the contrary in the Agreement, the Criteria to Qualify for Economic Assistance is amended as follows: I Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed, One Hundred Seven Thousand Eight Hundred Fifty-Eight Dollars ($107,858.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on August 31, 2020. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives: Economic Development Incentive Payment Schedule Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Incentive Incentive Expiration 2018 No. la $700,000 $31,534 $31,534 8-1-2018 2018 No. lb $1,200,000 $51,324 $82,858 8-1-2018 2019 No. 2 $1,200,000 $12,500 $95,358 8-1-2019 2020 No 3 $1,200,000 $12,500 $107,858 8-1-2020 Page 1 of 5 W\Board 20181.3-21-00First Amendment-DCU,Inc.NEW-Full Requirement,,doc II. Performance Requirements for Economic Development incentive. a. Incentive No. la: An Economic Development Incentive, for the benefit of the Company, of Thirty-One Thousand Five Hundred Thirty-Four Dollars ($31,534)will be paid to the City of Wylie upon completion of the following Performance Requirements for Incentive No. 1 a: 1) Receipt of documentation by WEDC supporting Company's application to the City of Wylie for a Certificate of Occupancy supporting the construction of a 11,200-square foot facility located at 2774 Capital Street in Wylie and a letter from the City of Wylie Building Official indicating Company has complied with all requirements of said application, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of a 'Permit Fee Receipt' from the City of Wylie for development fees of not less than $31,534, approval of said documentation at the sole and absolute discretion of the WEDC; and a) Should development fees imposed by the City of Wylie exceed $31,534, Company shall pay 100% of the overage; and 3) Receipt of documentation by WEDC supporting a minimum construction cost of the project of Seven Hundred Thousand Dollars ($700,000) as evidenced by paid invoices supporting the minimum cost, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Receipt of documentation by WEDC supporting an executed contract of not less than $39,885, with improvements completed by August 1, 2018, to extend a gas line approximately 725 feet to the easternmost property line of the lot located at 2774 Capital Street in Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and 5) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 6) Eligibility expiration for the Company to qualify for this Incentive No. la is August 1,2018. b. Incentive No. lb: An Economic Development Incentive of Nineteen Thousand Three Hundred Eleven Dollars ($19,311) will be paid to Company and Thirty-Two Thousand Thirteen Dollars ($32,013) will be payable directly to Company's utility contractor for the benefit of Company. The total Incentive for No. lb shall not exceed Fifty- Page 2 of 5 IA \Hoard\20 I 811-2 I-I 8\First Amendment-DCU,Inc-N1 W-Full Requirements doe One Thousand Three Hundred Twenty-Four Dollars ($51,324) and will be paid upon completion of the following Performance Requirements for Incentive No. l b: 1) Receipt of documentation by WEDC of a Certificate of Occupancy for an eleven thousand two hundred (11,200) square foot industrial building issued by the City of Wylie, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Receipt of documentation by WEDC supporting the construction of a gas line to the easternmost property line of the lot located at 2774 Capital Street in Wylie at a cost of not less than Thirty-Nine Thousand Eight Hundred Eighty- Five Dollars ($39,885); 3) A letter from Atmos Energy asserting that the improvements referenced in Section II b (2) have been designed and installed to Atmos Standards, accepted by Atmos and determined to be complete, and are available to Company and other potential customers for their use, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. lb is August 1, 2018. c. Incentive No. 2: An Economic Development Incentive of Twelve Thousand Five Hundred Dollars ($12,500) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 2: 1) Receipt of documentation by WEDC supporting a minimum valuation of One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street in Wylie, Texas as evidenced by a certified appraisal issued by the Collin County Central Appraisal District, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 3) Receipt of documentation by WEDC evidencing the ongoing operations of DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 2 is August 1, 2019. Page 3 of 5 W\floarc11201813-21-18 htst Amendment-DCli,Inc-NW-Fur Requtrements doe d. Incentive No. 3: An Economic Development Incentive of Twelve Thousand Five Hundred Dollars ($12,500) will be paid to Company upon completion of the following Performance Requirements for Incentive No. 3: 1) Receipt of documentation by WEDC supporting a minimum valuation of One Million Two Hundred Thousand Dollars ($1,200,000) for real and personal property located at 2774 Capital Street in Wylie, Texas as evidenced by a certified appraisal issued by the Collin County Central Appraisal District, approval of said documentation at the sole and absolute discretion of the WEDC; and 2) Company is current on all ad valorem taxes and other property taxes due on the Facility by January 31 of the year after they are assessed and provide written notice and evidence of such payment to WEDC in a form satisfactory to WEDC; and 2) Receipt of documentation by WEDC evidencing the ongoing operations of DCU, Inc. at 2774 Capital Street, Wylie, Texas, approval of said documentation at the sole and absolute discretion of the WEDC; and 4) Eligibility expiration for the Company to qualify for this Incentive No. 3 is August 1, 2020. 3. Ratification. As expressly modified by this First Amended Agreement,the Amended Agreement is hereby ratified and confirmed by WEDC and Company. 4. Counterparts; Transmission. This Amended Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement Transmission of an executed signature page of this Amended Agreement by email will be effective to create a binding agreement. [Signatures appear on next page] Page 4 of 5 WAIInard\20 1813-21-18\First Amendment-DC(J,Inc-NEW-Full Requirements doe IN WITNESS I IZEOF, the parties hereto have executed this • a ended Agreement the day and year first above written. WEDC: Wylie Economic Development Corporation, a Texas Corporation Name 4 Title: COMPANY: DCU, *eri)oriltic)tt By: Page 5 of 5 W:\Bord\2O1832148\Pirat Amendment-1:3CU,Inc-NEW-Full Requirements.doc SECOND AMENDED PE ' O ' ANCE AGREEMENT THIS SECOND AMENDED TO PERFORMANCE AGREEMENT (the "Second Agreement"), is entered into and is effective as of the 15th day of August 2018 by and between WYLIE ECONOMIC DEVELOPMENT CORPORATION, a Texas economic development corporation ("WEDC"), and DCU, Inc., a Texas Corporation (the"Company"). WITNES SETH: WHEREAS, the WEDC executed a Performance Agreement between WEDC and Company (the "Agreement") on September 22, 2017 to facilitate the construction of an 11,200-square foot manufacturing facility (the"Project"); and WHEREAS, the WEDC executed a First Amended Performance Agreement between WEDC and Company (the "First Amendment") on March 21, 2018 to address increased utility costs and payment structure; and WHEREAS, WEDC and Company desire to modify and amend the Agreement in certain respects, as more particularly set forth in this Second Amendment. NOW, THEREFORE, in an effort to address unforeseen circumstances surrounding the reduction of fees owed to the City of Wylie, the WEDC and Company covenant and agree as follows: 1. Defined Terms. Capitalized terms used but not defined in this Amended Agreement will have the meanings given to them in the Agreement. 2. Modification to Economic Assistance. Notwithstanding anything to the contrary in the Agreement, the Criteria to Qualify for Economic Assistance is amended as follows: I. Economic Assistance. Subject to the terms of this Agreement, the WEDC will provide economic assistance in an amount up to, but not to exceed, One Hundred Seven Thousand Eight Hundred Fifty-Eight Dollars ($107,858.00) (the "Economic Development Incentives"). The Economic Incentives will be paid according to the criteria set forth herein with the WEDC's obligation to pay the Economic Development Incentives terminating on August 31, 2020. Upon meeting the qualifications and requirements (the "Performance Requirements"), the Company shall be entitled to the following Economic Development Incentives associated with Incentive No. 2: Economic Development incentive Payment Schedule; Expected Cost/Value of WEDC Total WEDC Eligibility Year Incentive Project Inc.enti :.e Incentive Ei )iration 2020 No. 3 $1,200,000 $19,488.80 $107,858 8-1-2020 Page 1 of 3 W.,F3oardA2U 1818-li- Second Amendment-DCU.Inc-With Changes Marvin doe IN WITNESS I ItEOF, the parties hereto have executed this Second endment the day and year first above written. WEDC: Wylie Economic Development Corporation, a Texas Corporation By -- Name:_ Title E ! c tf, CO 'A DCU, I no 'exas Corporal iyjr N e „oon - Title._ Page 3 of 3 WABoard\2018\8-15-181Second Amendment-DCU,In With Changes Marvin.doc ytte Econo ic I evelop ent Corporation E 0 - A DU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director - SUBJECT: Kreymer Contract DATE: August 18, 2019 Issue Consider and act upon ratification of a Residential Contract between the WEDC and Greta Kreymer for the purchase of property located at 302 N. Second Street. Analysis Staff believes there will be a contract executed between the WEDC and Mrs. Kreymer prior to 8- 21-19. Assuming the same,staff will brief the Board on the contract specifics and seek ratification. Recommendation Recommendation TBD. ylie cono ic I evelop ent Corporation E • - ANDU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive Director SUBJECT: Staff Report DATE: August 15, 2019 Issue Staff report: review issues surrounding WEDC Performance Agreement Summary, Hotel Occupancy Tax, environmental activity summary, Brown & 78 redevelopment update, 544 Gateway redevelopment update, The Rock Wood Fired Pizza, Water & Sewer/Thoroughfare Impact Fees, Ballard Street Parking Improvements, WEDC property located at Eubanks& Squire, Retail Live, 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. WED('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, Patel, Rocking M, SAF Holland, SCSD-Finnell, Taylor & Son, and Woodbridge Crossing. Woodbridge Crossing Attached for the Board's review is the Sales Tax Reimbursement Report which identifies all sales taxes earned through July 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. $11,131,600 has been generated in total sales tax over the life of the Agreement with $5,903,785 eligible for reimbursement through July 2019 establishing net receipts of$5,227,814.92. As well, it is estimated that $5.8 mrn has been paid in ad valorem taxes to the City of Wylie (excluding the WISD) for a total of$11 mm in tax revenue, net of reimbursements, since October 2009. WEDC- Staff Report August 15, 2019 Page 2 of 4 As shown on the attached Sales Tax Reimbursement Report, $112,207 was generated in sales tax in May 2019 versus$125,406 in May 2018. This represents an 11.8%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 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. 2019 property tax valuations within Woodbridge Crossing increased by $5.1 mm to $78,776,133 resulting in a 6.9% gain over 2018. Woodbridge Centre Within the Kroger-anchored center, $18,316 in sales tax was generated in May 2019 with $4,578.95 subject to reimbursement. May 2019 sales tax represents a 23% increase over the same period in 2018. Hotel Occupancy Tax Hotel Occupancy Taxes received to date are attached for the Board's reference and review. It is anticipated that the Holiday Inn Express& Suites should be open to the public in the next 30 days. 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. Brown & 78 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 survey and appraisal complete. 544 Gateway Redevelopment Update The City of Wylie is processing payment of back taxes to the Wylie ISD,Collin County,and Collin College. The WISD trustees are considering the City's offer of 100%of back taxes at their 8-19- 19 School Board Meeting. While it is customary to offer less than 100% in these cases, the City Council is eager to remove all liens associated with their 4.5 acres and place the property back on the tax rolls. Staff met with the TCEQ on July 31'specifically to discuss timing of the VCP associated with the above City Site. The case worker assigned to the property indicated that the site may be certified no sooner than November 2019 and no later than February 2020. WEDC- Staff Report August 15, 2019 Page 3 of 4 The Rock Wood Fired Pizza Staff has been contacted by a regional investment company which is acquiring The Rock. It is staffs understanding that The Rock had been attempting to sell all of its DFW locations,the Wylie store was finally pulled from the package as it was identified as the most profitable store. The investment group plans to continue the lease relationship with The Rock. As an aside, The Rock consistently has the highest alcohol sales of any restaurant in Wylie. Water & Sewer/Thoroughfare Impact Fees The City of Wylie is undertaking their 5-year review of Impact Fees as required by law. While Water & Sewer fees are projected to only slightly increase, Thoroughfare Impact Fees could increase by as much as 4—5 times the existing rates based upon the consultant's data. Staff will make an oral presentation on the issue at the Board Meeting. Ballard Street Parking Improvements The WEDC entered into a Performance Agreement with Mr. Patel for parking improvements and the demolition of a dilapidated structure on north Ballard. With Mr. Patel meeting the obligations of the Agreement, staff will be processing an $11,500 reimbursement. WEDC property located at Eubanks & Squire The WEDC purchased 2.7 acres from Gallagher Construction in 2018 and has been leasing the property back to Gallagher. As of September 1st, Gallagher will be vacating the property. The site consists of a 3,600 square building and a 2,400 square foot building; both non-masonry and with gravel access drives and parking. In an effort to not lose the legally non-conforming status, the property must be utilized as a warehouse/contractor's yard. Staff reached out to Public Works & Parks to determine if the property could be of use to either of their departments. There was an immediate interest as the structures with concrete floors could be used to store parts and equipment out of the weather with the outside yard used for limited storage of materials. Being that no revenues were budgeted for this property, staff is inclined to allow the City to utilize the property at no cost with the understanding that the WEDC will have no expenses for maintenance. It should be pointed out however that the property could be leased to a third party for $1,000 - $2,000 per month conservatively. Retail Live Staff will be attending Retail Live in Austin August 21 —22. On a much smaller scale than ICSC, Retail Live provides an excellent opportunity to get in front of approximately 100 retailers in a relaxed setting. WEDC- Staff Report August 15, 2019 Page 4 of 4 Active Project Summary Mr. Greiner will make an oral presentation of all active projects at the Board Meeting. Regional Housing Starts- Fifty-six homes were permitted in Wylie for the month of July 2019. Sachse, Murphy and Lavon permitted a combined fourteen with Inspiration permitting five over the same period. No action is requested by staff for this item. Attachments Performance Agreement Summary Environmental Activity Report Hotel Occupancy Tax Report Regional Housing Permits Woodbridge Crossing Sales Tax Reimbursement Report Filing Allocation City of 48 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 200,9 72.31 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 34,867.78 139,471.11 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 (VA) (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 Apr-19 Jun-19 63,845.09 31,922.55 31,922.55 127,690.18 0.65 20,749.65 41,499.31 62,248.96 May-19 Jul-19 56,103.60 28,051.80 28,051.80 112,207.19 0.65 18,233.67 36,467.34 54,701.01 Jun-19 Aug-19 0.00 0.00 0.00 0.00 0.65 0.00 0.00 0.00 239,897.37 38,983.32 77,966.65 116,949.97 Totals 11,131,600.36 1,967,928.48 3,935,856.96 5,903,785.44 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 62,695.20 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 62,774.29 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 $82,828.25 620,707.06 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 Feb-19 Apr-19 6,753.31 3,376.66 3,376.66 $13,506.62 3,376.66 Mar-19 May-19 39,606.81 19,803.41 19,803.41 $79,213.62 $19,803.41 Apr-19 Jun-19 8,303.33 4,151.66 4,151.66 $16,606.65 $4,151.66 Sub-Total $109,326.89 $27,331.72 May-19 Jul-19 9,157.91 4,578.95 4,578.95 $18,315.81 4,578.95 Jun-19 Aug-19 0.00 0.00 0.00 $0.00 Jul-19 Sep-19 0.00 0.00 0.00 _ $0.00 Sub-Total $18,315.81 $4,578.95 Total $2,013,962.43 $503,490.61 Note: Anticipated completion date for the$1 mm sales tax incentive obligation is 9/30/23. 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 9/1/20. 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 Ill -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. Phase IV-CO for 134,600 sf retail space Start Date 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. 7/31/2020, $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. 9/1/2019 $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 2/24/2016, $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 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. Provide documentation that company has leased no less than 66%of the space within the building to restaurants no later than 1/31/20 and no less than 3,800 sf to Fish'N'Tails Oyster Bar; Company has completed qualified infrastructure no later than 8/31/19 with a minimum cumulative cost of$175,000; 8/31/2019 $87,500 Provide documentation that restaurant space identified in Incentive No. 1 has been continuously occupied and operated as an on-going business for no less than 12 months. 1/31/2021 $87,500 Outstanding Performance Agreement Summary 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 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. 2021 spreadsheet attached Active Environmental Program Tracking Kirby - Former CI Project Total: 97,004.06 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'I 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'I 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 5/9/19 Project Mgmt; Correspondence with TCEQ 388.50 5/9/19. Prepare MSD Application 798.50 5/9/19 Prepare APAR and Submit to TCEQ 7,279.13 5/9/19 VCP investigation 1,850.05 7/9/19 Project Mgmt; Correspondence with TCEQ 705.00 7/9/19 Prepare MSD Application 10,328.55 7/9/19' Prepare APAR and Submit to TCEQ 3,659.82 7/9/19 VCP Investigation 97,004.06 Spent Contracted Total Expenditures: $97,004.06 $104,200 Hotel Occupancy Tax Receipts 2014 2015 2016 2017 2018 2019 January $3,332.78 $3,910.22 $3,960.95 8,369.84 $8,848.69 $12,663.18 February 3,773.66 3,994.91 5,810.03 5,016.36 9,767.37 13,948.86 March 4,559.63 5,250.71 6,336.25 5,757.40 13,360.70 13,391.72 April 4,921.52 5,119.52 10,366.04 4,348.00 14,375.83 7,837.27 May 4,991.83 5,163.84 11,014.00 6,402.58 15,934.35 8,431.89 June 5,692.40 6,182.22 8,812.25 6,605.05 17,191.21 11,129.39 July 5,201.94 5,664.42 8,314.57 6,171.14 16,824.70 August 5,242.99 5,279.291 9,764.71 5,779.661 12,372.93 September 5,280.16 5,044.30 7,658.43 5,193.79 14,369.06 October 6,033.92 5,665.76 7,242.90 6,301.30 14,607.81 November 5,213.87 5,168.76 7,054.65 5,031.62 14,489.92 December 4,930.79 6,234.68 6,708.86 6,637.89 13,443.62 Total $59,175.49 $62,678.63 $93,043.64 $71,614.63 $165,586.19 $67,402.31 * 2 Hotels reporting beginning in December 2017. **April and May 2019 represent 1 of 2 hotels reporting. Regional Housing Permits Wylie Lavon 11 '12. 1 1,4 '1 1 17 18 1 11 12 13 14 15 16 17 18 19 Janury 20 16 18 14 46 9 15 41 28 January 2 4 5 4 6 2 12 2 3 Floury 9 22 14 20 31 4 36 54 27 February 11 2 5 11 6 5 1 7 0 Marti 28 18 17 30 31 43 33 , 61 26 March 3 6 3 17 8 3 0 1 1 Apt. 18 29 38 10 57 41 70 49 37 April 1 12 24 7 11 1 1 17 0 My 18 20 22 26 68 101 45 48 40 May 1 0 9 17 4 4 1 7 0 June. 19 13 11 9 57 58 98 47 33 June 9 2 5 12 5 1 7 15 0 slta 20 19 18 29 36 34 60 63 56 July 2 3 1 14 12 1 1 11 0 AuU 16 ' 20 19 19 30 25 11 50 August 9 6 3 1 5 0 12 0 Sprribr 22 15 8 I 17 24 18 46 23 September 6 7 6 2 7 0 5 9 OC.1;;Li- 16 28 30 1 21 32 26 33 October 45 4 2 1 9 5 0 0 7 Novrnlor- 5 14 18 20 33 11 42 34 November 5 3 2 1 2 0 14 3 1-.) rnIzir'' 10 16 23 65 38 39 18 16 December 7 1 4 5 6 0 40 0 TOTAL 201 230 236 280 483 409 507 531 247 ITOTAL 60 48 68 100 77 17 1 79 4 Murphy Sachse 11 12. 13 14 15 16 17 18 19 11 12 13 14 15 16 17 18 19 January 4 26 Emmill1111 0 0 January 14 8 Ell 18 1 14 16 4 m 6 February 14 4 gimp 4 gi 6 0 February 111111 8 29 211111111110 9 111 March 9 6 6 8 4 1111 4 0 111 March 9 Ell 4 IRE 24 amp April 8 10 11/11111 8 0 24 April 8 4 1:111111131 24 EOM May In 14 11111111111 0 0 10 May El. 10 In 6 Ea 9 4 June 6 19 1E1 6 Ell 4 0 0 4 June 8 III 14 16 38 14 MIMI July Ili 16 111121 4 8 III 10 July 14 1111 30 Ell 22 El 4 4 August 4 Ilia 16 gi DI 0 0 IIII August 19 10 29 41 El 8 6 El September 4 10 10 EIMI 6 0 0 III SeptemberlIMMICIIIIII 20 mom October El 16 16 4 0 113 0 0 al October 8 linal 18 29 10 6 III NovemberEIMBE110111011 6 0 IIIIII November 6 9 26 in 6 6 III December 8 pis 4 0 11111111131111 December 10 III 39 11111111111111111 TOTAL 70 cactatimmung TOTAL 98 280 260 EDE 70 im 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 5 5 59 ylie Econo ic 1 evelop ent Cor .I oration EMO - A NU TO: WEDC Board of Directors FROM: Sam Satterwhite, Executive D i rector SUBJECT: Future Agenda Items DATE: August 2, 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.