08-26-1997 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Tuesday,August 26, 1997
Board Members Present:
Marvin Fuller
Kevin St. John
J.C. Worley
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 August 26, 1997 in the Wylie Chamber of Commerce
Board Room at 108 W. Marble, Wylie, Texas.
The meeting was called to order by President John Yeager at 11:08 a.m.
ITEM NO. 1 - Discuss and Consider Issues Surrounding the FY 1997 -1998 Budget for
the Wylie Economic Development Corporation.
Staff presented the Board with the budget proposal for FY 1997 - 1998. A greater emphasis
has been placed within the advertising budget on ads with Area Development Magazine, a
national publication specifically reaching out to companies interested in relocating facilities.
This change in strategy was made due to a greater response rate from ads placed in this
magazine. Four specific publications were targeted being the Site Location Directory, the
12th Annual Corporate Survey, Business & Industrial Parks, and the Executive Guide to
Incentives. Staff suggested that the WEDC offset the increase in Area Development
Magazine with a decrease in ads with Inside Collin County Business. While the Board agreed
with this strategy, a presence within Inside Collin County Business was suggested.
A second change to the proposed budget, at the direction of the Board, was to reinstitute the
WEDC's role in hosting an Industrial Luncheon. This function was important to the Board in
maintaining an open line of communication with existing businesses. To meet this
recommendation, staff was directed to increase the printing and postage budget (invitations),
food supplies, and rental.
A final discussion was held surrounding the location of WEDC offices. Currently the WEDC
offices within the Chamber of Commerce which leases space from Commonwealth Land Title
Company. The owner of Commonwealth leases space to the Chamber at well below market
rates. Staff expressed a concern that Commonwealth may in the near future decide to use the
offices for other purposes bringing a much more lucrative lease. The Board instructed staff to
WEDC - Minutes
August 26, 1997
Page 2
budget an additional $6,000 for a lease contingency if that scenario occurs. Also, the Board
instructed staff to attempt to negotiate a three year lease between Commonwealth and the
WEDC at possibly a higher lease rate to ensure stability.
The WEDC Board of Directors instructed staff to make the appropriate changes and bring a
final budget document back to the Board as soon as possible.
MOTION: A motion was made by J.C. Worley and seconded by Kevin St. John to
table consideration of the proposed WEDC FY 1997 - 1998 budget.
The WEDC Board of Directors voted 5 - FOR and 0 - AGAINST in
favor of the motion.
ITEM NO. 2 - Discuss and Consider Issues Surrounding the Development of a Kansas
City Southern Intermodal Facility in Wylie, Texas.
Staff updated the Board on activities of the Concerned Citizens for Responsible Growth and
Partners in Wylie's future. The Board reiterated staff's charge to act as an advisor to Partners
in Wylie's Future while at the same time distributing factual information to all interested
parties.
ITEM NO. 3 - Citizen Participation.
There being no citizens present, President Yeager moved to Item No. 4.
ITEM NO. 4 - Adjourn.
There being no further business, the meeting was adjourned at 12:30 p.m.
John Y ger, President
Attest:
Samuel D.R. Satterwhite
Executive Director