11-06-1998 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Friday,November 6, 1998
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John(arrived at 3:46 p.m.)
J.C. Worley
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 6, 1998 in the Board Room of the Wylie
Chamber of Commerce at 108 W. Marble St., Wylie, Texas.
The meeting was called to order by Vice President Worley at 3:42 p.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the October 7, 1998 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 October 7, 1998 Regular Board of Directors
Meeting of the Wylie Economic Development Corporation. The WEDC
Board of Directors voted 3 - FOR and 0 - AGAINST in favor of the
motion.
ITEM NO. 2 - Discuss and Consider Approval of the September, 1998 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by J.C. Worley to
approve the September, 1998 Treasurer's Report for the Wylie Economic
Development Corporation as amended. The WEDC Board of Directors
voted 4 - FOR and 0 -AGAINST in favor of the motion.
ITEM NO. 3 - Discuss and Consider Issues Surrounding a Backwater Flood Study
Affecting the Development of Premier Business Park.
Staff indicated to the WEDC Board of Directors that all effected parties had been contacted
regarding the backwater flood study and agreed to participate financially. With a project cost of
$31,000 - $33,000, the following financial commitments have been secured:
WEDC - Minutes
November 6, 1998
Page 2
City of Wylie $4,500
WEDC 6,750
F. Ovid Birmingham Land Trust 6,750
Sanden International 6,750
Asset Recovery Fund 6,750
MOTION: A motion was made by Kevin St. John and seconded by Marvin Fuller
authorizing the participation of the WEDC in the Backwater Flood Study
in the amount of$6,750. The WEDC Board of Directors voted 4 - FOR
and 0 - AGAINST in favor of the motion.
ITEM NO. 4 - Discuss and Consider Issues Surrounding Project Honeycomb.
The Board believed that the financials for Project Honeycomb do not show stability or that the
company will continue to be profitable. The Board is interested however in the ability of Project
Honeycomb to secure financing via First Texas and the recent acquisition of"Preferred Vendor"
status by Lockheed and NASA.
The Board instructed staff to visit Parsons, Kansas to tour the existing facility and allowed staff
to negotiate for the potential conveyance of 2.15 acres within Premier Business Park (175 feet
frontage)north of Hensley Lane.
ITEM NO. 5 - Discuss and Consider Issues Surrounding the Expansion of Hoffman
Blastroom Equipment.
Staff indicated to the Board that the Collin County Soil and Water Conservation District has
issued their final opinion that any development south of the existing fence, which is the
approximate location of the existing sanitary sewer easement, will not be supported by the
District. However, the District does support the use of property north of the fence. With this
information, Hoffman contends that the location of their fabrication facility will need to be
altered to allow for proper flow, access, and expansion.
While a majority of the Board agreed with this contention on concept, Board Member St. John
stated that the WEDC has already participated at an acceptable level and furthermore that
Hoffman design a facility within the existing parameters. Board Member Fuller requested that
staff request drawing which support the Hoffman request.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
accept in concept the need for additional acreage to the east of the existing
Hoffman site further instructing staff to obtain additional information to
support the request. The WEDC Board of Directors voted 3 - FOR and 1 -
AGAINST in favor of the motion.
WEDC -Minutes
November 6, 1998
Page 3
ITEM NO. 6 - Discuss and Consider the Purchase of Property for Future Business
Development.
As an information item only, staff indicated to the Board that the potential exist for Premier
Business Park to be at capacity within the next 12 - 18 months. Under that assumption, staff
contended that the WEDC should start planning for the purchase of additional property to be
used in a similar manner as Premier. The Board agreed with staff and requested additional
information.
ITEM NO. 7- Staff Reports.
Staff reviewed the Project Inventory and informed the Board that an individual had accepted the
open position within the WEDC.
ITEM NO. 8 - Citizen Participation.
There being no citizen participation, Vice President Worley proceeded to Item No. 9.
ITEM NO. 9 -Adjourn.
There being no further business, the meeting was adjourned at 5:00 p.m.
J. orley, Vice President
Attest:
. ae4,1-(ACE1-
Samuel D.R. Satterwhite
Executive Director