02-07-1997 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Friday, February 7, 1997
Board Members Present:
Marvin Fuller
Kevin St. John
J.C. Worley
John Yeager
Merrill Young
Staff Present:
Samuel Satterwhite, Executive Director
Others Present:
Joel Scott, Wylie City Council
Cleo Adams, Wylie City Council
Mike Collins, City Manager
Mindy Manson, Assistant to the City Manager
Elizabeth Morris, President, Insight Research Corporation
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 February 7, 1997 in the Board Room of Wylie Chamber of
commerce at 108 W. Marble, Wylie, Texas.
The meeting was called to order by President John Yeager at 8:30 a.m.
ITEM NO. 1 -Presentation by Ms. Elizabeth Morris of Insight Research Corporation.
Assuming that the City of Wylie may need professional assistance in evaluating the impact a
Kansas City Southern (KCS) rail port may have on the Wylie community, Mike Collins, Mindy
Manson, and WEDC staff have been holding preliminary discussions with Ms. Elizabeth Morris,
President of Insight Research Corporation (IRC). IRC has been identified as an authority in
developing economic impact models with specific experience in representation of Union Pacific
Railroad. Ms. Morris was present at the initial KCS presentation to the community and has been
briefed on all KCS activities within the Wylie community. Ms. Morris provided a great deal of
insight into issues such as the Rail Corridor Law, the marketing of the proposed `Wylie Rail Port',
and overall strategies in dealing with KCS.
Ms. Morris discussed the specific services which could be provided to the Wylie community by
IRC. An example of the services discussed was an analysis of current and future retail
opportunities due to the removal of the Sante Fe line, a target industry analysis for the KCS
industrial park, and an economic impact analysis and program performance audit.
WEDC - Minutes
February 7, 1997
Page 2
ITEM NO. 2 - Discuss and Consider Entering Into a Contractual Agreement Between the
Wylie Economic Development Corporation, the City of Wylie, and Insight Research
Corporation.
The WEDC Board of Directors believed that due to the magnitude of this project and the long
term economic impact it may have on the Wylie community, the WEDC will be best served by
soliciting the assistance of IRC. Councilman Scott agreed with this assertion and indicated that
the City Council will be considering the same proposal at the next City Council Meeting.
MOTION: A motion was made by Kevin St. John and seconded by Merrill Young
authorizing staff to enter into a contract between the WEDC, City of
Wylie, and Insight Research Corporation, also authorizing the expenditure
of 50% of the cost of services, not to exceed $24,150 for professional
services rendered.. The WEDC Board of Directors voted 5 - FOR and 0 -
AGAINST in favor of the motion.
There being no further business, President Yeager expressed gratitude to members of the City
Council present and adjourned the meeting at 9:47 a.m.
ohn eager, President
Attest:
Samuel D.R. Satterwhite
Executive Director