03-30-1999 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Tuesday, March 30, 1999
Board Members Present:
Gary Bowland
Marvin Fuller
Kevin St. John
J.C. Worley
John Yeager
Staff Present:
Samuel Satterwhite, Executive Director
Others Present:
Mike Collins, City Manager
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 March 30, 1999 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 2:05 p.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the March 23, 1999 Regular
Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Kevin St. John and seconded by Gary Bowland to
approve the minutes for the March 23, 1999 Regular Board of Directors
Meeting of the Wylie Economic Development Corporation. The WEDC
Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the
motion.
ITEM NO. 2 - Discuss and Consider Approval of the February, 1999 Treasurer's Report
for the Wylie Economic Development Corporation.
MOTION: A motion was made by Gary Bowland and seconded by Kevin St. John to
table consideration of the February, 1999 Treasurer's Report. The WEDC
Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the
motion.
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March 30, 1999
Page 2
ITEM NO. 3 - Discuss and Consider Issues Surrounding Hogans Gold Label, Inc. (d.b.a.
Gold Label, Inc.).
Staff informed the Board that Gold Label has approached the WEDC with a request for
assistance. Staff reminded the Board that Gold Label had approached the WEDC two years
earlier and that Gold Label was unable to obtain financing. Gold Label is requesting that the
WEDC convey ±1.2 acres within 544 Industrial Park (Lot 1) for the construction of a 16,000
square feet facility. Staff indicated to Gold Label that the WEDC must have final approval on
landscape and architectural design prior to the funding of any incentive. Staff had no
recommendation at the time.
ITEM NO. 4 -Discuss and Consider Issues Surrounding FarmTek,Inc.
Mr. Mike Douglas, President of FarmTek, has requested that the WEDC consider participating in
landscape improvements completed at Northgate Business Park. The amount requested is $4,410
which represents 50% of the total landscape improvements. Mr. Douglas contends that
landscape provisions were discussed prior to the Loan Agreement entered into by the WEDC and
FarmTek, but never included in the language of the agreement. Staff indicated to the Board that
a discussion was held regarding landscaping assistance, but was included in the incentive
package. No commitments were made by staff and that landscaping was only mentioned as an
example of the types of incentives available. Staff recommended that the WEDC Board of
Directors deny the request of Mr. Mike Douglas to participate in landscaping improvements
within Northgate Business Park.
MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to
deny the request of Mr. Mike Douglas to participate in landscaping
improvements within Northgate Business Park.. The WEDC Board of
Directors voted 5 - FOR and 0 - AGAINST in favor of the motion.
ITEM NO 5 - Discuss and Consider Issues Surrounding a Freeport Tax Exemption.
Staff presented the WEDC Board of Directors with issues surrounding a Freeport Tax exemption
within the City of Wylie. It was determined that the total personal property evaluation which
could be applicable to the Freeport Tax exemption is $31.7 million. The WEDC Board of
Directors commented that at the present time, the Wylie community cannot afford to take a $31
million dollar loss to attract a single company (i.e. Bayco).
ITEM NO. 6 - Discuss and Consider Issues Surrounding a Loan Agreement Between the
Wylie Economic Development Corporation and Gary Bottoms.
Staff informed the WEDC Board of Directors that under the terms of Section 3a.(iv), upon
completion of BTI's first year of occupancy of the Wylie facility, Mr. Bottoms is entitled to an
advance of up to $6,526 as reimbursement for moving and relocation costs. Staff provided the
WEDC Board with invoice copies which reflect moving expenses in excess of$6,526.
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March 30, 1999
Page 3
advance of up to $6,526 as reimbursement for moving and relocation costs. Staff provided the
WEDC Board with invoice copies which reflect moving expenses in excess of$6,526.
MOTION: A motion was made by Kevin St. John and seconded by J.C. Worley to
approve a reimbursement to Mr. Gary Bottoms in the amount of$6,526 as
determined in the Loan Agreement between the WEDC and Mr. Gary
Bottoms. The WEDC Board of Directors voted 5 - FOR and 0 -
AGAINST in favor of the motion.
ITEM NO. 7 - Executive Session.
The Wylie Economic Development Corporation Board of Directors convened into Executive
Session at 3:30 p.m. to deliberate the purchase of real property as authorized in the Texas Local
Government Code, Section 551.072.
ITEM NO. 8 -Reconvene From Executive Session.
The Wylie Economic Development Corporation Board of Directors reconvened into open session
at 3:37 p.m. No action was taken as a result of Executive Session.
ITEM NO. 9 - Staff Reports.
Staff fielded general questions from Board members regarding ongoing projects.
ITEM NO 10 - Citizen Participation.
There being no citizens present, the Chairman proceeded to Item No. 11.
ITEM NO. 11 - Adjourn.
There being no further business, the meeting was adjourned at 4:11 p.m.
John Yea„er, President
Attest:
Samuel D.R. Satterwhite
Executive Director •