12-24-1998 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Tuesday, November 24, 1998
Board Members Present:
Gary Bowland(arrived 8:15 a.m., departed 9:36 a.m.)
Marvin Fuller
Kevin St. John
J.C. Worley
John Yeager
Staff Present:
Samuel Satterwhite, Executive Director
Others Present:
Mike Collins, City Manager
Jeffrey Johnson, Benecor, Inc.
J.D. Sims, Rampart Associates
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 24, 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 President Yeager at 8:11 a.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the November 6, 1998
Regular Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to
approve the minutes for the November 6, 1998 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 - Discuss and Consider Issues Surrounding Savage Precision Fabrication, Inc.
Mrs. JoAnn Gardner, Secretary/Treasurer for Savage Precision Fabrication, Inc., presented staff a
request for assistance in the purchase of new equipment. Staff indicated that Savage has
increased employment by 16 over the past two years and increased sales from $1.9 million to
$3.7 million over the same time period. As well, discussions are ongoing regarding the potential
expansion of Savage facilities in the near future.
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November 24, 1998
Page 2
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
approve a grant to Savage Precision Fabrication, Inc. for the purchase of
new equipment. The grant shall represent 10% of the purchase and
installation cost as identified in the request for assistance. The WEDC
Board of Directors voted 4 - FOR and 0 - AGAINST in favor of the
motion.
ITEM NO. 3 - Discuss and Consider Issues Surrounding Project Honeycomb.
Mr. Jeffrey Johnson, President of Benecor, Inc., and Mr. J.D. Sims of Rampart Associates
presented to the WEDC Board of Directors issues surrounding the potential relocation of
Benecor, Inc. from Parsons, Kansas to Wylie, Texas. Mr. Johnson presented a detailed analysis
of Benecor operations. Mr. Johnson, as well as staff, emphasized the importance of relationships
which have been established with NASA and Lockheed which will directly impact the future
growth of Benecor.
Following the presentation by Mr. Johnson, the WEDC Board of Directors expressed their
willingness to work with Benecor in securing the property necessary to support 20,000 square
feet with expansion capabilities. Mr. Sims indicated that due to drainage issues, the width of the
proposed building, and the radius required to maneuver tractor trailers within the site, Benecor
will require 340 feet of width. The WEDC Board believed Benecor could design the proposed
facility with only 260 of frontage.
The Board instructed staff to negotiate for 260 feet of frontage with any Loan Agreement being
conditional upon the securing of financing from a lending institution. As well, the Board
instructed staff that additional incentives will be minimal.
MOTION: A motion was made by Kevin St. John and seconded by J.C. Worley
authorizing the WEDC Executive Director to negotiate for the conveyance
to Benecor, Inc. of 3.2 acres of property within Premier Business Park
(260 feet frontage). The WEDC Board of Directors voted 4 - FOR and 0 -
AGAINST in favor of the motion.
ITEM NO. 4 - Discuss and Consider Issues Surrounding Hoffman Blastroom Equipment.
Staff presented a request from Joe Hoffman for the conveyance of 75 feet of additional property
adjacent to Phase II of the Hoffman Blastroom Equipment facility within Premier Business Park.
The request is a result of the redesign of the manufacturing facility which will now have an
east/west orientation instead of a north/south orientation as originally proposed. The change in
orientation was made because of the inability to use property south of the sewer easement. Mr.
Fuller supported the conveyance of the 75 feet under the following conditions:
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November 24, 1998
Page 3
1. property south of the sewer easement remain under the ownership of the WEDC;
2. property south of the sewer easement be maintained by Hoffman Blast Room Equipment;
3. the southeastern boundary of the Hoffman site will begin 150 feet north of the WEDC
southernmost property line;
4. the Hoffman site is valued at market value.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
convey an additional 75 feet of property adjacent to the Phase II
development of Hoffman Blast Room Equipment. The WEDC Board of
Directors voted 4 -FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 5 - Discuss and Consider the Purchase of Property for Future Business
Development.
MOTION: A motion was made by Marvin Fuller and seconded by J.C. Worley to
table the above item. The WEDC Board of Directors voted 4 - FOR and 0
- AGAINST in favor of the motion.
ITEM NO. 6 - Staff Reports.
Staff had nothing specific to report only answering general questions from the WEDC Board of
Directors.
ITEM NO. 7 - Citizen Participation.
There being no citizen participation, President Yeager proceeded to Item No. 8.
ITEM NO. 8 -Adjourn.
There being no further business, the meeting was adjourned at 11:00 a.m.
Y ger, President
Attest:
Samuel D.R. Satterwhite
Executive Director