11-05-2003 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
November 5, 2003
Board Members Present
Gary Bowland
Marvin Fuller
Kevin St. John (departed at 8:15 a.m.)
John Yeager
Merrill Young (departed at 8:30 a.m.)
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 November 5, 2003 in the Dividend Room of Inwood
National Bank located at 201 North Ballard, Wylie, Texas.
The meeting was called to order by President Marvin Fuller at 7:04 a.m.
ITEM NO. 1 — Consider and Act Upon Approval of Minutes for the October 21, 2003,
Regular Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by John Yeager to
approve the minutes for the October 21, 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—EXECUTIVE SESSION:
The WEDC Board of Directors convened into Executive Session at 7:06 a.m. to hold
deliberations surrounding the sale of WEDC property located at 404 S. Highway 78 in
accordance with Section 551.072, Government Code, Vernon's Texas Code Annotated (Open
Meetings Act), hold deliberations regarding economic development negotiations between Project
"Bright Light" in accordance with Section 551.087, Government Code, Vernon's Texas Code
Annotated (Open Meetings Act), and hold deliberations regarding purchase of real property
within the City of Wylie in accordance with Section 551.072, Government Code, Vernon's Texas
Code Annotated(Open Meetings Act).
WEDC—Minutes
November 5, 2003
Page 2
ITEM NO. 3—RECONVENE INTO OPEN MEETING:
The WEDC Board of Directors reconvened into open meeting at 8:35 a.m. No action was taken
as a result of Executive Session.
ITEM NO. 4—Discuss Issues Surrounding the Development of a WEDC Strategic Plan.
The WEDC Board of Directors agreed to set a strategic planning meeting for February 7, 2004
from 7:00 a.m. to 4:00 p.m. at Woodbridge Country Club. President Fuller instructed staff to
work with the Board to determine a format and goals for the meeting.
ITEM NO. 5—Staff Update.
Staff discussed issues surrounding the Freeport Tax Exemption passed by the WISD, Auto Zone,
the process for replacing Board member St. John, and the purchase of Collin County right-of-
way.
ITEM NO. 6—Citizen Participation.
There being no citizen participation, President Fuller proceeded to Item No. 7.
ITEM NO. 7—Adjourn.
There being no further business, the meeting was adjourned at 8:50 a.m.
lit141/41• ,r€4.
Marvin Fuller, President
Attest:
Samuel D.R. Satterwhite
Executive Director