08-31-1999 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Tuesday,August 31, 1999
Board Members Present:
Gary Bowland
Marvin Fuller- arrived at 12:23
Kevin St. John
John Yeager
Merrill Young
Staff Present:
Samuel Satterwhite, Executive Director
Ashley Gillean, Administrative Assistant
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 31, 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 12:04 p.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the August 19, 1999 Regular
Board of Directors Meeting of the Wylie Economic Development Corporation.
MOTION: A motion was made by Merrill Young and seconded by Gary Bowland to
approve the minutes of the August 19, 1999 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 the Proposed Fiscal Year 1999 -
2000 Budget for the Wylie Economic Development Corporation.
Staff reviewed with the Board three specific items on the budget; these items being the
advertising budget, electric utility budget, and the Other account. The amount budgeted for these
accounts had been in question when the proposed budget was first reviewed. Staff explained
more specifically what the budgeted amount included for each account.
MOTION: A motion was made by Kevin St. John and seconded by Merrill Young to
approve the 1999 - 2000 Fiscal Year Budget as amended for the Wylie
Economic Development Corporation. The WEDC Board of Directors
voted 5 - FOR and 0 - AGAINST in favor of the motion.
WEDC - Minutes
August 31, 1999
Page 2
ITEM NO. 3 - Discuss and Consider Issues Surrounding a Real Estate Commission
Associated with Hoffman Blastroom Equipment, Inc.
Staff informed the Board of a conversation and meeting held with Mr. Don Light, owner of
Century 21, The Castle Company. Staff explained that in the meeting with Mr. Light it was
suggested that the percentage of the commission should be lowered to 3% instead of the 6%
which had originally been agreed upon.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
approve a payment of 3% to Century 21 - The Castle Company for real
estate commission. The WEDC Board of Directors voted 5 - FOR and 0 -
AGAINST in favor of the motion.
ITEM NO. 4 - Discuss and Consider Issues Surrounding the Relocation/Expansion of
Extruders, Inc. to Premier Business Park.
Staff updated the Board on negotiations between the Wylie Economic Development Corporation
and Extruders. The terms of forgiveness on property within Premier continue to be a problem for
Extruders. Staff indicated that both parties are searching for a mutually beneficial solution.
Extruders is still considering general contractors for construction of the new facility.
ITEM NO. 5 - Discuss and Consider Issues Surrounding the Election of Officers for the
Wylie Economic Development Corporation.
The Board discussed the open positions of Vice President, Secretary, and Assistant
Secretary/Treasurer. Merrill Young was elected to be Vice President, Kevin St. John to be
Secretary, and Gary Bowland to be Assistant Secretary/Treasurer.
MOTION: A motion was made by Gary Bowland and seconded by Kevin St. John to
approve the elections as stated above. The WEDC Board of Directors
voted 5 - FOR and 0 - AGAINST in favor of the motion.
ITEM NO. 6 -Staff Reports.
With no new information presented to the WEDC Board of Directors, Chairman Yeager
proceeded to Item No. 7.
ITEM NO. 7- Executive Session.
The WEDC Board of Directors convened into Executive Session at 12:40 p.m. to deliberate the
purchase of real property as authorized in the Texas Local Government Code Section 551.072.
WEDC - Minutes
August 31, 1999
Page 3
ITEM NO. 8 -Reconvene from Executive Session.
The WEDC Board of Directors reconvened into open session at 12:43 p.m. No formal action
was taken.
ITEM NO. 9 -Citizen Participation.
There being no citizens present, the Chairman proceeded to Item No. 10.
ITEM NO. 10-Adjourn.
There being no further business, the meeting was adjourned at 12:46 p.m.
6.*4:y
John Ye ger, President
Attest:
Samuel D.R. Satterwhite
Executive Director