06-26-2003 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
June 26,2003
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John(arrived at 7:30 a.m.)
John Yeager
Merrill Young
Staff Present:
Samuel Satterwhite, Executive Director
With notice of the meeting posted in time and manner required by law and a quorum of Board
members present, the Board of Directors of the Wylie Economic Development Corporation
(WEDC) met in Regular Session on June 26, 2003 in the Staff Conference Room of the Wylie
Municipal Complex located at 2000 Highway 78 North, Wylie, Texas.
The meeting was called to order by President John Yeager at 7:08 a.m.
ITEM NO. 1 —Consider and Act Upon Approval of Minutes for the June 19,2003,Regular
Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
approve the minutes for the June 19, 2003, Regular Board of Directors
Meeting of the Wylie Economic Development Corporation. The WEDC
Board of Directors voted 4 — FOR and 0 — AGAINST in favor of the
motion.
ITEM NO. 2 — Consider and Act Upon Approval of the May, 2003 Treasurer's Report for
the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
approve the May, 2003 Treasurer's Report for the Wylie Economic
Development Corporation. The WEDC Board of Directors voted 4—FOR
and 0—AGAINST in favor of the motion.
ITEM NO. 3 — Consider and Act Upon Issues Surrounding the WEDC FY 2003 — 2004
Budget.
Staff presented preliminary budget numbers to the WEDC Board of Directors. Staff proposes that
the WEDC consider purchasing property during the FY 2003 —2004 to designate as an industrial
park. Board members directed staff to budget for a potential purchase during the
WEDC—Minutes
June 26, 2003
Page 2
second half of FY 2003 — 2004 to allow for the partial sale of the WEDC 5-ace site (decreasing
the total WEDC debt). Staff indicated that final budget figures will be resented to the WEDC
Board of Directors during the July Board Meeting.
The above item was presented as information only requiring no motion or action by the Board of
Directors.
ITEM NO. 4 — Consider and Act Upon Issues Surrounding the Development of WEDC
Property Located at 404 S. Highway 78.
Staff updated the Board of Directors on issues relating to Staubach Company and the Exclusive
Listing Agreement entered into by the WEDC.
ITEM NO. 5—Citizen Participation.
There being no citizen participation, President Yeager proceeded to Item No. 6.
ITEM NO. 6—Adjourn.
There being no further business, the meeting was adjourned at 8:05 a.m.
•
Jo ea , President
Attest:
Samuel D.R. Satterwhite
Executive Director