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06-22-1999 (WEDC) Minutes Minutes WYLIE ECONOMIC DEVELOPMENT CORPORATION Tuesday, June 22, 1999 Board Members Present: Gary Bowland Marvin Fuller Kevin St. John - arrived at 2:19 John Yeager Merrill Young Staff Present: Samuel Satterwhite, Executive Director Ashley Gillean, Administrative Assistant Others Present: 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 July 20, 1999 in the Chamber of Commerce Board Room at 108 W. Marble Street, Wylie, Texas. The meeting was called to order by President John Yeager at 2:14 p.m. ITEM NO. 1 — Discuss and Consider Approval of Minutes for the Wylie Economic Development Corporation Regular Meeting on May 18, 1999. Board Member Fuller requested that the Motion on Item No. 7 be amended to reflect a vote of 4 —FOR and 0 —AGAINST in favor of the motion opposed to 3 —FOR and 0 —AGAINST. MOTION: A motion was made by Marvin Fuller and seconded by Gary Bowland to approve the minutes as amended for the Regular Meeting held on May 18, 1999. The Board of Directors voted 4 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 2—Discuss and Consider Approval of the May, 1999 Treasurer's Report for the Wylie Economic Development Corporation. Staff made the request to table this item due to the fact that the Expense Report for the Executive Director was incorrect. WEDC—Minutes June 22, 1999 Page 2 MOTION: A motion was made by Gary Bowland and seconded by Merrill Young to table the May, 1999 Treasurer's Report for the Wylie Economic Development Corporation. The Board of Directors voted 4 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 3 — Discuss and Consider Issues Surrounding Wylie Economic Development Corporation Bylaws. As a review, staff summarized the WEDC Bylaw changes and identified certain steps which will be taken by staff to comply with the current Bylaws. One plan of action identified is a strategic planning workshop for the WEDC. Staff recommended that the workshop be held in October, 1999 so that the findings can be incorporated into an overall economic development plan for the community to be approved by the WEDC Board of Directors on January 18, 2000. Board Member Fuller suggested that the economic development plan be presented to the Wylie City Council in November for their consideration. No action was taken on this item. ITEM NO. 4—Discuss and Consider Issues Surrounding J.C. Ornamental Iron. Staff presented a preliminary report to the WEDC Board of Directors regarding a request for incentives for a new J.C. Ornamental Iron facility to be located south and east of the City of Wylie Municipal complex with frontage on State Highway 78. Staff indicated that the facility will have an approximate value of$416,000 with new equipment to be purchased valued at approximately $100,000. J.C. Ornamental Iron has added 5 new employees recently and will be adding 4 more employees to staff a second shift. The Board instructed staff to pursue this project and to bring a recommendation to the Board regarding an incentive package. No formal action was taken on this item. ITEM NO. 5 — Discuss and consider Issues Surrounding the Relocation/Expansion of Project Southside to Premier Business Park. Staff indicated that \project Southside officials are frustrated that the decision to expand to Premier Business Park is being delayed at the corporate level. Project Southside officials have been informed that it will be encouraged that the subject site within Premier include WEDC owned property south of the Hoffman site which is part of the Collin County Soil and Water Conservation District. The Board instructed staff that prior to signing the Agreement of Sale and Purchase, all exhibits will need to be reviewed. No formal action was taken on this item. WEDC—Minutes June 22, 1999 Page 3 ITEM NO. 6 — Discuss and Consider Issues Surrounding Hoffman Blastroom Equipment Real Estate Commission. The Hoffman Phase II plat and legal documents have been filed with Collin County which requires the WEDC Board of Directors to consider a commission agreement between the WEDC and Mr. James Blakey. As per the agreement, the WEDC must pay a commission to Mr. Blakey in the amount of$6,383.72 for the relocation of Hoffman to Wylie. Chairman Yeager was concerned that a previous Board decision was in place denying the commission to Mr. Blakey due to the fact that the technical aspect of the commission agreement and intent are contrary. Chairman Yeager instructed staff to research previous minutes for clarification and bring the issue back to the Board. MOTION: A motion was made by Kevin St. John and seconded by Merrill Young to table consideration of the Hoffman Blastroom Equipment commission. The Board of Directors voted 5 - FOR and 0 - AGAINST in favor of the motion. ITEM NO. 7— Staff Reports. With no new information presented to the WEDC Board of Directors, Chairman Yeager proceeded to Item No. 8. ITEM NO. 8 - Executive Session. The WEDC Board of Directors convened into Executive Session at 3:40 p.m. to deliberate the purchase of real property as authorized in the Texas Local Government Code Section 551.072. ITEM NO. 9 - Reconvene from Executive Session. The WEDC Board of Directors reconvened into open session at 3:55 p.m. No formal action was taken ITEM NO. 10 - Citizen Participation. There being no citizens present, the Chairman proceed to Item No. 11. WEDC—Minutes June 22, 1999 Page 4 ITEM NO. 11 - Adjourn. There being no further business, the meeting was adjourned at 3:57 p.m. eager Kohn , President Attest: 4//vo/tAgA4--eb Samuel D. R. Satterwhite Executive Director