11-16-1999 (WEDC) Minutes Minutes
WYLIE ECONOMIC DEVELOPMENT CORPORATION
Monday, November 16, 1999
Board Members Present:
Marvin Fuller
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 November 16, 1999 in the Conference Room of Woodbridge
Golf Club at 7400 Country Club Dr., Wylie, Texas.
The meeting was called to order by President John Yeager at 7:17 a.m.
ITEM NO. 1 - Discuss and Consider Approval of Minutes for the Wylie Economic
Development Corporation Regular Meeting on October 12, 1999.
MOTION: A motion was made by Kevin St. John and seconded by Merrill Young to
approve the minutes of the October 12, 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 Approval of Minutes for the Wylie Economic
Development Corporation Regular Meeting on November 1, 1999.
MOTION: A motion was made by Marvin Fuller and seconded by Kevin St. John to
approve the minutes of the November 1, 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. 3 - Discuss and Consider Issues Surrounding the Conveyance of 17.206 Acres of
Property within Premier Industrial Park South.
Staff informed the Board that the WP Carey attorneys determined that a limited partnership
would provide for a more advantageous tax structure opposed to incorporation. Therefore, WP
Carey is requesting that the WEDC amend all Documents to reflect property ownership by
DELAWARE PANE (TX), LP. Staff further recommended that the WEDC Board of Directors
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November 16, 1999
Page 2
authorize Mr. John Yeager to sign all documents necessary to effectuate the sale of 17.206 acres
within Premier Industrial Park to DELAWARE PANE (TX), LP.
MOTION: A motion was made by Kevin St. John and seconded by Marvin Fuller to
approve an amendment to the Loan Agreement between the WEDC and
DELAWARE PANE (TX), LP (WP Carey), and further authorizing Mr.
John Yeager to sign all necessary documents required to effectuate the
agreement between the WEDC and WP Carey. The Board voted 4 - FOR
and 0 -AGAINST in favor of the motion.
ITEM NO. 4 - Discuss and Consider Issues Surrounding Granting a Utility Easement to
TXU Electric and Gas Company via Lot 3, Block B of Premier Industrial Park South to
Serve Extruders, Inc.
Staff informed the Board that Extruders will be servicing their site with electric from the south
and that they will need a 10' electric easement through WEDC owned Lot 3, Block B. Based
upon discussion with TXU, a maximum of two poles would be placed on WEDC property. The
Board also discussed that the easement encompass the minimum area required so as to not hinder
the development of Lot 3, Block B.
MOTION: A motion was made by Marvin Fuller and seconded by Merrill Young to
grant a 10' easement to serve Extruders, Inc. The Board voted 4 - FOR
and 0 -AGAINST in favor of the motion.
ITEM NO. 5 - Discuss and Consider Issues Surrounding Granting a Drainage Easement to
be Located on Lot 3,Block B of Premier Industrial Park South to Serve Extruders, Inc.
Staff informed the Board of issues surrounding granting a drainage easement to serve Extruders,
Inc. Board Member St. John indicated staff should negotiate for the proper erosion control and
the minimum width necessary.
MOTION: A motion was made by Kevin St. John and seconded by Marvin Fuller to
grant a drainage easement to serve Extruders, Inc. and for staff to negotiate
a minimal, but proper amount of erosion control. The Board voted 4 -
FOR and 0 -AGAINST in favor of the motion.
ITEM NO. 6- Staff Reports.
Staff reviewed with the Board the surveys and notes from the Strategic Planning Meeting that
was held on October 21, 1999. Staff informed the Board that Crown Fence Co. has completed all
of their landscaping and will be receiving incentive funding for half of the cost. Staff also
informed the Board that the Wylie Fire Department is working closely with the WEDC and
providing valuable assistance in relocating prospects.
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November 16, 1999
Page 3
ITEM NO. 7-Adjourn.
There being no further business, the meeting was adjourned at 8:14 a.m.
fir.
I.:hn eager, President
Attest:
Samuel D.R. Satterwhite
Executive Director