03-31-2021 (WEDC) Agenda Packet Wylie Economic Development Corporation
Regular Meeting YLIE, � X
ECONOMIC DEVELOPMEN T CORPORATION
March 31, 2021 — 8:30 a.m.
Council Conference Room- 300 Country Club Road, Building#100, Wylie, TX 75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
COMMENTS ON NON-AGENDA ITEMS
Any member of the public may address the Wylie EDC Board regarding an item that is not listed on the Agenda. Members of
the public must fill out a form prior to the meeting in order to speak. Wylie EDC requests that comments be limited to three
minutes for an individual, six minutes for a group. In addition, the Wylie EDC is not allowed to converse, deliberate or take
action on any matter presented during citizen participation.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the Wylie EDC and will be enacted by one motion.
There will not be separate discussion of these items.If discussion is desired, that item will be removed from the Consent Agenda
and will be considered separately.
A. Consider and act upon approval of Minutes from the March 3, 2021 Regular Meeting of the WEDC Board
of Directors.
B. Consider and act upon approval of the February 2021 WEDC Treasurer's Report.
REGULAR AGENDA
1. Consider and act upon a Temporary Access Agreement between the WEDC, First Baptist Church Wylie,
and Chute 2 Productions.
2. Consider and act upon FY 2020-2021 Mid-Year Budget Amendment.
DISCUSSION ITEMS
3. Staff report: WEDC Property Update, WEDC Office/Insurance Claim, Engineering Report, FY21 Budget
Process, Upcoming Events, and WEDC Activities/Programs.
EXECUTIVE SESSION
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES 1. Consider the sale or acquisition of properties located at FM 544 and Cooper, Jackson and Oak,
Regency and Steel, State Hwy 78 and Alanis, State Hwy 78 and Birmingham, State Hwy 78 and
Brown.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a
business prospect and to discuss the offer of incentives for Projects: 2017-10a, 2018-9b, 2020-
1 l b, 2021-id, 2021-If, 2021-2b and 2021-3 a.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
ES3. Evaluation of WEDC Staff
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
FUTURE AGENDA ITEMS
ADJOURNMENT
CERTIFICATION
I certify that this Notice of Meeting was posted on March 26, 2021 at 5:00 p.m. on the outside bulletin board at
Wylie City Hall, 300 Country Club Road,Building 100, Wylie, Texas, a place convenient and readily accessible to
the public at all times.
Stephanie Storm, City Secretary Date Notice Removed
The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled
attendees must be requested 48 hours in advance by contacting the City Secretary's Office at 972-516-6020.Hearing
impaired devices are available from the City Secretary prior to each meeting.
If during the course of the meeting covered by this notice, the WEDC should determine that a closed or executive
meeting or session of the Corporation or a consultation with the attorney for the City should be held or is required,
then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open.
Meetings Act, Texas Government Code § 551.001 et. seq., will be held by the WEDC at the date, hour and place
given in this notice as the WEDC may conveniently meet in such closed or executive meeting or session or consult
with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act,
including, but not limited to, the following sanctions and purposes:
Texas Government Code Section:
§ 551.071 Private consultation with an attorney for the City.
§ 551.072—Discussing purchase, exchange, lease or value of real property.
§ 551.073 —Discussing prospective gift or donation to the City.
§ 551.074—Discussing personnel or to hear complaints against personnel.
§ 551.076—Discussing deployment of security personnel or devices or security audit.
§ 551.087—Discussing certain economic development matters.
Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
March 3, 2021 —8:30 A.M.
300 Country Club Road, Building#100
Wylie, TX 75098
CALL TO ORDER
Announce the presence of a Quorum
President Demond Dawkins called the regular meeting to order at 8:32 a.m. Board Members present were John
Yeager,Melisa Whitehead, and Gino Mulliqi. Board Member Tim Gilchrist was absent.
Ex-Officio Members Mayor Matthew Porter and City Manager Chris Holsted were present.
WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, and Senior
Assistant Rachael Hermes.
INVOCATION & PLEDGE OF ALLEGIANCE
Board Member John Yeager gave the invocation and led the Pledge of Allegiance.
COMMENTS ON NON-AGENDA ITEMS
With no citizen participation, President Dawkins moved to Consent Agenda.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the WEDC Board of Directors and
will be enacted by one motion. There will not be separate discussion of these items. If discussion is desired, that
item will be removed from the Consent Agenda and will be considered separately.
A. Consider and act upon approval of Minutes from the January 20, 2021 Regular Meeting and
the February 5,2021 Special Called Meeting of the WEDC Board of Directors.
B. Consider and act upon approval of the January 2021 WEDC Treasurer's Report.
Board Action
A motion was made by John Yeager, seconded by Gino Mulliqi, to approve the Consent Agenda as
presented.A vote was taken,and the motion passed 4-0.
ACTION ITEMS
1. Consider and act upon a Performance Agreement between the WEDC and Bailers Elite -
The Lab LLC.
Staff Comments
Staff noted that this item was originally presented to the Board in January 2021 and received City
Council approval in February 2021. Ballers Elite requested assistance with the reimbursement of
development fees related to the construction of a new 6,776 square foot building at 1400
Martinez Lane. Ballers Elite plans to invest over $700,000 on the project over the next 6 months
and the Agreement outlines a maximum fee reimbursement of $20,000. The Economic Impact
Analysis(EIA) indicates that the project will generate approximately $109,429 in overall tax revenue
for the City of Wylie over the next 10 years. For every $1 that the WEDC invests, this business
is investing $33.50 in our community. Additional estimates of tax revenue generated over the next 10
years includes $13,025 for Collin County, $28,500 for WISD, and $6,304 for Collin College.
WEDC—Minutes
March 3, 2021
Page 2 of 3
Board Action
A motion was made by John Yeager, seconded by Melisa Whitehead, to approve a Performance
Agreement between the WEDC and Bailers Elite - The Lab LLC, providing for a maximum
infrastructure reimbursement incentive of $20,000 and further authorizing the WEDC
Executive Director to execute said Agreement. A vote was taken, and the motion passed 4-0.
2. Consider and act upon the award of bid for the F.M. 544 waterline extension to CalHar
Construction, Inc. in the amount of $207,584 and further authorizing the Executive
Director to execute any and all necessary documents.
Staff Comments
Staff noted that this item had been previously presented in March 2020, with the Board opting to table
due to uncertainties related to COVID-19. Staff recently contacted CalHar Construction to review
options for proceeding with the waterline extension and received an updated bid for the project in the
amount of$207,584. As a result, consideration of the waterline extension has been brought back as a
new agenda item to reflect the updated amount. Staff noted that approval of this project would be
required to move forward with a pending real estate transaction and overall realization of the 544
Gateway Property.
Board Action
A motion was made by Gino Mulliqi, seconded by John Yeager, to award bid to CalHar Construction,
Inc. in the amount of$207,584, and further authorizing the Executive Director to execute any and all
necessary documents. A vote was taken, and the motion passed 4-0.
DISCUSSION ITEMS
3. Staff report: WEDC Property Update, License Agreement, WEDC Office/Insurance Claim,
Engineering Report, Mid-Year Budget Amendments, Upcoming Events, and WEDC
Activities/Programs.
Staff noted that sales tax revenue allocations for the months of January and February continue to trend
upward year-over-year.
Staff discussed the recent structure demolition at 201 Industrial Court. Staff discussed the review of a
temporary access agreement drafted by the attorneys for use of WEDC-owned properties. The Board
expressed interest in reviewing any agreements on a case-by-case basis due to the variety of requests
that could submitted.
Staff discussed the recent freeze, noting that the WEDC offices flooded because of waterline breaks in
the building.TML is in the process of evaluating damages and staff will keep the Board informed as the
process of furniture/equipment replacement takes place. Staff noted that any necessary mid-year budget
amendments would be presented to the Board at the next meeting, with the Board opting to reschedule
the March meeting to 3-31-21 to allow time for additional information from insurance, if necessary.
Staff discussed recent changes to the marketing calendar due to the ice storm, noting that the WEDC
and Retail Coach presentation to City Council was rescheduled to 3/23 and the HR Alliance was moved
to 4/1. Staff noted Bisnow webinars related to developments along State Highway 121 and industrial
logistic updates for DFW and invited the Board to participate if interested. Small Business Week events
are in the planning stage and staff will provide more details at the next meeting.
WEDC—Minutes
March 3, 2021
Page 3 of 3
EXECUTIVE SESSION
Recessed into Closed Session at 8:53 a.m.in compliance with Section 551.001,et. seq.Texas Government Code,
to wit:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
ES 1. Consider the sale or acquisition of properties located at FM 544 and Cooper, Jackson and
Oak, Regency and Steel, State Hwy 78 and Alanis, State Hwy 78 and Birmingham, State
Hwy 78 and Brown.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
ES2. Deliberation regarding commercial or financial information that the WEDC has received from
a business prospect and to discuss the offer of incentives for Projects: 2017-10a, 2018-9b,
2020-10b, 2020-11b, 2021-1d, 2021-1f,2021-2b and 2021-2c.
Sec. 551.074. PERSONNEL MATTERS; CLOSED MEETING.
ES3. Executive Director's Annual Review.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
President Demond Dawkins reconvened into Open Session at 10:48 a.m. and took the following action:
Board Action
A motion was made by Gino Mulliqi, seconded by Melisa Whitehead, to provide a 3% merit increase
to the Executive Director, retroactive to February 1, 2021. A vote was taken, and the motion passed 4-
0.
FUTURE AGENDA ITEMS
Board Member Mulliqi requested that the staffing model for Wylie EDC be added to Executive Session at the
next meeting.
ADJOURNMENT
With no further business,President Dawkins adjourned the WEDC Board meeting at 10:49 a.m.
Demond Dawkins, President
ATTEST:
Jason Greiner,Executive Director
�a
ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 31, 2021 Item Number: B
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: 3/26/21 Exhibits: 4
Subject
Consider and act upon approval of the February 2021 WEDC Treasurer's Report.
Recommendation
Motion to approve the February 2021 WEDC Treasurer's Report.
Discussion
Presented for the Board's review and approval is the February 2021 Treasurer's Report detailing the month and
year-to-date financial transactions and performance against budget. In this report you will find the Revenue
and Expense Report, Statement of Net Position, Balance Sheet, and Sales Tax Report.
TRANSFERS:
$78,540 from Streets&Alleys to Land-Purchase Price to allow funds for Board authorized purchase of TxDOT
property at Hwy 78 & Brown.
REVENUES:
Sales Tax Revenue earned in December, allocated in February, was $456,571.35, an increase of 26.08% over
the same period in 2020.
EXPENSES:
Land
$78,540 TxDOT Land Purchase at Hwy 78 & Brown
Page 1 of 1
Wylie Economic Development Corporation
MONTHLY FINANCIAL REPORT
February 28,2021
ANNUAL CURRENT PRIOR YEAR PO YTD BUDGET
YTD ACTUAL %OF BUDGET
BUDGET MONTH ADJUST. ENCUMBRANCE BALANCE
ACCOUNT DESCRIPTION FY 2020-2021 FY 2020-2021 FY 2020-2021 FY 2020-2021
REVENUE SUMMARY
CLAIM ON CASH/Bal Sheet $ 1,407,509.00 $ 2,087,043.24
SALES TAX $ 2,968,437.00 $ 456,571.35 $ - $ 954,216.20 $ - $ 2,014,220.80 32.15% A
ALLOCATED INTEREST EARNINGS $ 6,000.00 $ - $ - $ 206.88 $ - $ 5,793.12 3.45%
RENTAL INCOME $ 153,240.00 $ 15,020.00 $ - $ 52,650.00 $ - $ 100,590.00 34.36%
GAIN/LOSS-SALE OF PROPERTY $ 164,500.00 $ - $ - $ (208.00) $ - $ 164,708.00 -0.13%
BANK NOTE PROCEEDS $ - $ - $ - $ - $ - $ - 0.00%
REVENUES $3,292,177.00 $ 471,591.35 $ - $1,006,865.08 $ - $ 2,285,311.92 30.58%
EXPENDITURE SUMMARY
PERSONNEL $ 336,516.00 $ 26,281.58 $ - $ 129,079.90 $ - $ 207,436.10 38.36%
OPERATING EXPENSES $ 56,703.00 $ 2,382.25 $ - $ 20,784.76 $ 648.09 $ 35,270.15 37.80% B
INCENTIVES $ 1,130,310.00 $ - $ - $ 400,248.17 $ - $ 730,061.83 35.41%
SPECIAL SERVICES $ 88,481.00 $ 2,452.26 $ - $ 18,283.06 $ 12,787.50 $ 57,410.44 35.12%
ADVERTISING $ 114,100.00 $ 4,538.38 $ - $ 18,564.25 $ - $ 95,535.75 16.27%
COMMUNITY DEVELOPMENT $ 44,550.00 $ 34.13 $ - $ 3,235.05 $ - $ 41,314.95 7.26%
TRAVEL&TRAINING $ 62,600.00 $ 5,425.11 $ - $ 6,655.01 $ - $ 55,944.99 10.63%
DUES&SUBSCRIPTIONS $ 30,018.00 $ 4,393.42 $ - $ 20,346.74 $ - $ 9,671.26 67.78%
AUDIT&LEGAL $ 33,000.00 $ - $ - $ 3,370.00 $ 1,451.00 $ 28,179.00 14.61%
ENGINEERING&ARCHITECTURAL $ 87,500.00 $ 1,816.25 $ - $ 39,266.53 $ - $ 48,233.47 44.88%
DEBT SERVICE $ 541,878.00 $ 50,733.93 $ - $ 252,759.47 $ - $ 289,118.53 46.65%
LAND 7b',540,00 $ 78,540.00 $ - $ 78,540.00 $ - $ - 0.00%
INFRASTRUCTURE PROJECTS 926,t60.J0 $ - $ - $ 186,680.00 $ - $ 739,780.00 20.15%
FURNITURE&FIXTURES $ 2,500.00 $ - $ - $ 797.00 $ - $ 1,703.00 31.88%
CONTRA CAPITAL $ - $ - $ - $ - $ - $ - 0.00%
TOTAL EXPENDITURES $3,533,156.00 $ 176,597.31 $ - $1,178,609.94 $ 14,886.59 $ 2,339,659.47 33.78%
REV OVER/(UNDER) EXPEN $ (240,979.00) $ 294,994.04 $ - $ (171,744.86) $ (14,886.59) $ (54,347.55)
A. SLSTX Rev earned in Dec,allocated in Feb,was$456,571.35,an increase of 26.08%over the same period in 2020.
Sales Tax received for 3 months of FY due to 2 month accrual to prior FY.
B.Operating Expenses include Supplies,Maint Materials,Rental,Communication,Insurance and Utilities.
Wylie Economic Development Corporation
Statement of Net Position
As of February 28,2021
Assets
Cash and cash equivalents $ 2,089,060.39
Receivables $ 130,000.00 Note 1
Inventories $ 12,106,477.50
Prepaid Items $ -
Total Assets $ 14,325,537.89
Deferred Outflows of Resources
Pensions $ 95,608.55
Total deferred outflows of resources $ 95,608.55
Liabilities
Accounts Payable and other current liabilities $ 40,150.26
Unearned Revenue $ 40,200.00 Note 2
Non current liabilities:
Due within one year $ 230,722.36 Note 3
Due in more than one year $ 5,090,479.60
Total Liabilities $ 5,401,552.22
Deferred Inflows of Resources
Pensions $ (47,711.41)
Total deferred inflows of resources $ (47,711.41)
Net Position
Net investment in capital assets $ -
Unrestricted $ 9,067,305.63
Total Net Position $ 9,067,305.63
Note 1: Includes incentives in the form of forgivable loans for$70,000(Exco)
and$60,000(LUV-ROS)
Note 2: Exco amortization;deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of$20,727
3-11-2021 08:26 AM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2021
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
ASSETS
1000-10110 CLAIM ON CASH AND CASH EQUIV. 2,087,043.24
1000-10115 CASH - WEDC - INWOOD 0.00
1000-10135 ESCROW 0.00
1000-10180 DEPOSITS 2,000.00
1000-10198 OTHER - MISC CLEARING 0.00
1000-10341 TEXPOOL 0.00
1000-10343 LOGIC 0.00
1000-10481 INTEREST RECEIVABLE 0.00
1000-11511 ACCTS REC - MISC 0.00
1000-11517 ACCTS REC - SALES TAX 0.00
1000-12810 LEASE PAYMENTS RECEIVABLE 0.00
1000-12950 LOAN PROCEEDS RECEIVABLE 0.00
1000-12996 LOAN RECEIVABLE 0.00
1000-12997 ACCTS REC - JTM TECH 0.00
1000-12998 ACCTS REC - FORGIVEABLE LOANS 130,000.00
1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00
1000-14116 INVENTORY - LAND & BUILDINGS 12,027,937.50
1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00
1000-14310 PREPAID EXPENSES - MISC 0.00
1000-14410 DEFERRED OUTFLOWS 553,249.00
14,800,229.74
TOTAL ASSETS 14,800,229.74
LIABILITIES
2000-20110 FEDERAL INCOME TAX PAYABLE 0.00
2000-20111 MEDICARE PAYABLE 0.00
2000-20112 CHILD SUPPORT PAYABLE 0.00
2000-20113 CREDIT UNION PAYABLE 0.00
2000-20114 IRS LEVY PAYABLE 0.00
2000-20115 NATIONWIDE DEFERRED COMP 0.00
2000-20116 HEALTH INSUR PAY-EMPLOYEE ( 20.72)
2000-20117 TMRS PAYABLE 0.00
2000-20118 ROTH IRA PAYABLE 0.00
2000-20119 WORKERS COMP PAYABLE 0.00
2000-20120 FICA PAYABLE 0.00
2000-20121 TEC PAYABLE 0.00
2000-20122 STUDENT LOAN LEVY PAYABLE 0.00
2000-20123 ALIMONY PAYABLE 0.00
2000-20124 BANKRUPTCY PAYABLE 0.00
2000-20125 VALIC DEFERRED COMP 0.00
2000-20126 ICMA PAYABLE 0.00
2000-20127 EMP. LEGAL SERVICES PAYABLE 0.00
2000-20130 FLEXIBLE SPENDING ACCOUNT 3,562.42
2000-20131 EDWARD JONES DEFERRED COMP 0.00
2000-20132 EMP CARE ELITE 12.00
2000-20151 ACCRUED WAGES PAYABLE 0.00
2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00
2000-20199 MISC PAYROLL PAYABLE 0.00
3-11-2021 08:26 AM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2021
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
2000-20201 AP PENDING 4,283.19
2000-20210 ACCOUNTS PAYABLE 32,265.37
2000-20530 PROPERTY TAXES PAYABLE 0.00
2000-20540 NOTES PAYABLE 553,249.00
2000-20810 DUE TO GENERAL FUND 0.00
2000-22270 DEFERRED INFLOW 39,000.00
2000-22275 DEF INFLOW - LEASE PRINCIPAL 0.00
2000-22280 DEFERRED INFLOW - LEASE INT 0.00
2000-22915 RENTAL DEPOSITS 1,200.00
TOTAL LIABILITIES 633,599.26
EQUITY
3000-34110 FUND BALANCE - RESERVED 0.00
3000-34590 FUND BALANCE-UNRESERV/UNDESIG 14,338,375.34
TOTAL BEGINNING EQUITY 14,338,375.34
TOTAL REVENUE 1,006,865.08
TOTAL EXPENSES 1,178,609.94
REVENUE OVER/(UNDER) EXPENSES ( 171,744.86)
TOTAL EQUITY & OVER/(UNDER) 14,166,630.48
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 14,800,229.74
3-11-2021 08:26 AM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2021
922-GEN LONG TERM DEBT (WEDC)
ACCOUNT# TITLE
ASSETS
1000-10312 GOVERNMENT NOTES 0.00
1000-18110 LOAN - WEDC 0.00
1000-18120 LOAN - BIRMINGHAM 0.00
1000-18210 AMOUNT TO BE PROVIDED 0.00
1000-18220 BIRMINGHAM LOAN 0.00
1000-19050 DEF OUTFLOW TMRS CONTRIBUTIONS 37,997.29
1000-19051 DEF OUTFLOW SDBF CONTRIBUTIONS 1,800.00
1000-19075 DEF OUTFLOW - INVESTMENT EXP 0.48
1000-19100 DEF OUTFLOW - ACT EXP/ASSUMP 55,810.78
1000-19125 (GAIN)/LOSS ON ASSUMPTION CHG( 46,839.41)
1000-19126 DEF INFLOW SDBF CONTRIBUTIONS( 872.00)
47,897.14
TOTAL ASSETS 47,897.14
LIABILITIES
2000-20310 COMPENSATED ABSENCES PAYABLE 0.00
2000-20311 COMP ABSENCES PAYABLE-CURRENT 20,727.84
2000-21410 ACCRUED INTEREST PAYABLE 8,803.17
2000-28205 WEDC LOANS/CURRENT 201,191.35
2000-28220 BIRMINGHAM LOAN 0.00
2000-28230 INWOOD LOAN 0.00
2000-28232 ANB LOAN/EDGE 0.00
2000-28233 ANB LOAN/PEDDICORD WHITE 0.00
2000-28234 ANB LOAN/RANDACK HUGHES 0.00
2000-28235 ANB LOAN 0.00
2000-28236 ANB CONSTRUCTION LOAN 0.00
2000-28237 ANB LOAN/ WOODBRIDGE PARKWAY 0.00
2000-28238 ANB LOAN/BUCHANAN 0.00
2000-28239 ANB LOAN/JONES:HOBART PAYOFF 0.00
2000-28240 HUGHES LOAN 0.00
2000-28242 ANB LOAN/HWY 78:5TH ST REDEV 4,067,890.31
2000-28245 ANB LOAN/DALLAS WHIRLPOOL 640,776.23
2000-28247 JARRARD LOAN 174,168.89
2000-28250 CITY OF WYLIE LOAN 0.00
2000-28260 PRIME KUTS LOAN 0.00
2000-28270 BOWLAND/ANDERSON LOAN 0.00
2000-28280 CAPITAL ONE CAZAD LOAN 0.00
2000-28290 HOBART/COMMERCE LOAN 0.00
2000-29150 NET PENSION LIABILITY 199,184.17
2000-29151 SDBF LIABILITY 8,460.00
TOTAL LIABILITIES 5,321,201.96
3-11-2021 08:26 AM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2021
922-GEN LONG TERM DEBT (WEDC)
ACCOUNT# TITLE
EQUITY
3000-34590 FUND BALANCE-UNRESERV/UNDESIG( 5,317,765.74)
3000-35900 UNRESTRICTED NET POSITION ( 120,264.00)
TOTAL BEGINNING EQUITY ( 5,438,029.74)
TOTAL REVENUE 0.00
TOTAL EXPENSES ( 164,724.92)
REVENUE OVER/(UNDER) EXPENSES 164,724.92
TOTAL EQUITY & OVER/(UNDER) ( 5,273,304.82)
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 47,897.14
Wylie Economic Development Corporation
SALES TAX REPORT
February 28, 2021
BUDGETED YEAR
DIFF % DIFF
MONTH FY 2018 FY 2019 FY 2020 FY 2021 20 vs. 21 20 vs. 21
DECEMBER $ 184,848.59 $ 214,867.15 $ 226,663.94 $ 235,381.33 $ 8,717.39 3.85%
JANUARY $ 191,895.71 $ 223,749.61 $ 218,520.22 $ 262,263.52 $ 43,743.30 20.02%
FEBRUARY $ 275,667.83 $ 307,366.66 $ 362,129.18 $ 456,571.35 $ 94,442.17 26.08%
MARCH $ 182,852.50 $ 208,222.32 $ 228,091.34
APRIL $ 163,484.89 $ 182,499.53 $ 203,895.57
MAY $ 203,707.17 $ 274,299.18 $ 289,224.35
JUNE $ 199,412.29 $ 234,173.88 $ 239,340.35
JULY $ 213,976.64 $ 215,107.94 $ 296,954.00
AUGUST $ 249,589.63 $ 283,602.93 $ 325,104.34
SEPTEMBER $ 213,425.79 $ 243,048.40 $ 259,257.89
OCTOBER $ 210,701.71 $ 224,875.38 $ 249,357.02
NOVEMBER $ 273,196.62 $ 308,324.41 $ 384,953.89
Sub-Total $ 2,562,759.35 $ 2,920,137.37 $ 3,283,492.09 $ 954,216.20 $ 146,902.86 16.65%
Total $ 2,562,759.35 $ 2,920,137.37 $ 3,283,492.09 $ 954,216.20 $ 146,902.86 16.65%
Sales Tax n l sis
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
2020
$200,000
2021
$150,000
$100,000
$50,000
$0
ex
Se
***Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example:February SlsTx Revenue is actually December SlsTx and is therefore the 3rd allocation in FY21.
�a
ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 31, 2021 Item Number: 1
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: 3/26/21 Exhibits: 1
Subject
Consider and act upon a Temporary Access Agreement between the WEDC, First Baptist Church Wylie, and Chute 2
Productions.
Recommendation
Motion to approve a Temporary Access Agreement between the WEDC, First Baptist Church Wylie, and Chute 2
Productions, and further authorizing the WEDC Executive Director to execute said Agreement.
Discussion
First Baptist Church has requested use of the WEDC-owned property at 303 E Marble to host a rodeo on April
11, 2021. As the Board will recall, WEDC staff discussed the process of drafting a Temporary Access
Agreement on March 3, 2021, with the Board wishing to review each proposed agreement on a case-by-case
basis. Following Board direction and input from the City's Purchasing Manager, our attorney has modified the
attached Agreement specifically for a rodeo and added the necessary insurance requirements.
Page 1 of 1
TEMPORARY ACCESS AGREEMENT
THIS TEMPORARY ACCESS AGREEMENT (the "Agreement") is made by and among
Wylie Economic Development Corporation (the "Owner"), First Baptist Church Wylie (the
"Church"),and Chute 2 Productions(the"Vendor"and together with the Church,the"Licensees")
and is effective as of the Effective Date set forth below.
This Agreement will confirm that Licensees and Licensees' respective agents, employees,
contractors,and consultants(collectively,"Licensees'Agents")may enter that certain tract or parcel
of land situated in Collin County, Texas, and being more particularly described in Exhibit A
attached hereto (the "Site") subject to the terms set forth below.
1. Purpose of Entry. Commencing on the Commencement Date defined in Section 2 of
this Agreement, Licensees may enter the Site for the use and purpose of operating a rodeo (the
"Rodeo"),with Vendor being subject to not only the terms of this Agreement,but also the terms of
any separate agreement between Church and Vendor, provided, however, that if the terms of this
Agreement conflict with the terms of any separate agreement between Church and Vendor,the telins
of this Agreement shall control in all respects. Licensees rights set forth in this Section 1 shall
expire upon the Expiration Date defined in Section 2 of this Agreement, unless earlier terminated
pursuant to this Agreement. Said Rodeo shall include,but is not limited to,the following activities:
recreation, storage and partial assembly of rodeo equipment located at 303 East Marble Street,
Wylie, Collin County, Texas (the "Improvements").
2. Term of Access. Regardless of the Effective Date of this Agreement,Licensees and
Licensees' Agents shall not have any right to access the Site, or any portion thereof, prior to
(the "Commencement Date"). Licensees and Licensees' Agents right to
access the Site shall expire no later than (the"Expiration Date"),unless otherwise
agreed by Owner as provided in Section 8 of this Agreement. Notwithstanding anything to the
contrary contained in this Agreement, in the event that (i) the parties agree to terminate this
Agreement prior to the Expiration. Date, or (ii) Owner elects Early Termination as provided in
Section 9 of this Agreement,then Licensees and Licensees'Agents shall not have any right to access
the Site beyond such termination date.
3. Consideration. In consideration for the use of the Site and the operations conducted
therein, Church agrees to pay the Owner a non-refundable deposit of $ , due upon
execution of this Agreement, made payable to Owner. In and for further consideration, Church
agrees to pay the Owner a weekly payment (the "Weekly Payment") of$ for each
week that Licensees have access to the Site commencing on the Commencement Date. Said weekly
payment shall be due on the first day of each week until the Expiration Date of this Agreement,
unless this Agreement is earlier terminated in which case the last Weekly Payment shall be due on
the first day of the week that this Agreement terminates.
4. Prior Notice. Before entering the Site for the first time to begin constructing and/or
operations of the Rodeo,Licensees must give Owner written notice of the date of entry at least one
(1)business day in advance.
Temporary Access Agreement—Page 1 #3328604
First Baptist Church Wylie
5. Condition of Site. Licensees shall at all times keep and maintain the Site in a clean,
orderly and sanitary condition, and shall comply with all environmental rules and regulations. No
storage of any substances defined as hazardous materials or hazardous substances or other similar
terms under any applicable law or regulation is permitted. Licensees shall not commit waste on or
damage to the Site and shall use due care to prevent others from so doing. Upon termination of this
Agreement,Licensees shall cleanup all debris resulting from its operations on the Property and shall
perform any seeding, sodding, or re-vegetation work on the Site as required by TCEQ, the local
municipal government,or applicable law. Licensees shall obtain at their sole cost and expense and
keep current all necessary licenses and permits as deemed necessary by any governmental entity
whether local, state or federal relating to operating the Rodeo,including those permits required by
the City,County and/or TCEQ. Licensees shall also keep the Site free from mechanics and similar
liens.
6. Permits. Licensees or Licensees' Agents must obtain any and all governmental
permits,registrations, licenses, or authorizations(collectively, "Permits")that may be required for
the operation of the Rodeo. Owner shall bear no expense, cost or liability in connection with the
operation of the Rodeo by Licensees or Licensees' Agents and shall bear no expense,cost or liability
for Permits that may be required for the parking or operation of the Rodeo.
7. Indemnity. LICENSEES AGREES TO INDEMNIFY,DEFEND(WITH COUNSEL
REASONABLY ACCEPTABLE TO OWNER) AND HOLD OWNER, ITS PARTNERS,
SUCCESSORS AND ASSIGNS HARMLESS FROM AND AGAINST, AND TO REIMBURSE
OWNER, ITS PARTNERS, SUCCESSORS AND ASSIGNS WITH RESPECT TO ANY AND
ALL LOSSES, DAMAGES, LIABILITIES, COSTS, AND EXPENSES (INCLUDING
ATTORNEY'S AND EXPERT'S FEES AND COURT COSTS)OF ANY AND EVERY KIND OR
CHARACTER (INCLUDING WITHOUT LIMITATION NEGLIGENCE AND STRICT
LIABILITY WITHOUT REGARD TO FAULT) ASSERTED AGAINST OR INCURRED BY
OWNER,ITS PARTNERS, SUCCESSORS AND ASSIGNS BY REASON OF OR ARISING IN
CONNECTION WITH(A)ANY NEGLIGENCE OF LICENSEES OR LICENSEES'AGENTS IN
PARKING OR OPERATING THE RODEO IN, ON, ABOUT, OR UNDER THE SITE; OR (B)
ANY VIOLATION OR THREATENED VIOLATION OF ANY FEDERAL,STATE,OR LOCAL
RULE, REGULATION, LAW, ORDINANCE, STANDARD, OR ORDER BY LICENSEES OR
LICENSEES' AGENTS. THE OBLIGATIONS OF LICENSEES UNDER THIS INDEMNITY
CLAUSE ARE JOINT AND SEVERAL AND SHALL SURVIVE THE EXPIRATION OR
TERMINATION OF THIS AGREEMENT. THE OBLIGATIONS OF LICENSEES UNDER THIS
INDEMNITY CLAUSE SHALL NOT INCLUDE ANY LOSSES, DAMAGES, LIABILITIES,
COSTS, AND EXPENSES CAUSED BY, ARISING OUT OF OR RESULTING FROM THE
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF OWNER.
8. Access. Subject to the foregoing provisions of this Agreement,Owner hereby grants
Licensees such limited,non-exclusive access to such portions of the Site as is reasonably necessary
for Licensees and Licensees'Agents to operate the Rodeo. Prior to entering the Site,Licensees shall
deliver to Owner a work plan for the operation of the Rodeo including depictions, dates, times,
scope,duration,and names of Licensees' Agents who will operate the Rodeo,and after completing
the Improvements, Licensees shall deliver to Owner a notice thereof. The right of access
commences on the Commencement Date and terminates no later than the Expiration Date.
Temporary Access Agreement—Page 2 #3328604
First Baptist Church Wylie
Notwithstanding the foregoing, Owner shall have the right,in its sole discretion,to extend the term
of this Agreement in seven(7)day increments upon receipt of written notice of Licensees' desire to
extend the term not less than three(3)days prior to the current term Expiration Date. Owner may at
its option teiriiinate and revoke such grant at any time to be effective immediately in the event either
of the Licensees defaults or threatens to default in the performance of Licensees' obligations
hereunder.
9. Early Termination. Owner reserves the right,in its sole discretion,to terminate this
Agreement prior to the Expiration Date ("Early Termination"),provided that the Owner gives the
Licensees thirty(30)days' notice prior to the Early Termination date.If Owner exercises its option
of Early Termination, Owner and Licensees agree to operate in good faith to locate an alternative
location for the Rodeo, which must be suitable to Owner and Licensees. Upon any Early
Termination by Owner,Licensees shall not be entitled to any reimbursement or refund of any costs
incurred by either of the Licensees or any amounts paid to Owner under this Agreement,including,
but not limited to, any Weekly Payment.
10. Safety Precautions. Licensees,during the operation and activities of the Rodeo,shall
be fully and solely responsible for securing the safety of the work area in and around the Rodeo and
shall maintain reasonable barricades,warning signs,and devices,and all appropriate traffic measures
and pedestrian controls, as may be necessary to protect Owner and the public.
11. Standard of Care. Licensees will operate the Rodeo in a careful and prudent manner.
12. Insurance. Licensees and each of Licensees' Agents will each deliver to Owner one
or more certificates of insurance for each party who will be conducting activities at the Rodeo or
otherwise under this Agreement in accordance with the requirements of Exhibit B(the"Insurance
Requirements"). Full compliance with the Insurance Requirements shall be strictly enforced by
Licensees and each of Licensees' Agents.
13. Notice. Any and all notices, requests, consents, reports, demands, or other
communications or documents required or permitted to be made or given under this Agreement shall
be in writing and shall be given to the other parties at their respective addresses set forth in this
section or at such other address as such party may hereafter specify for such purpose by written
notice to the other parties. Notice by facsimile transmission is specifically prohibited. Notices will
be deemed to have been made or given when delivered. Unless changed in accordance with this
paragraph, the addresses for notices are as follows:
If to Owner: Wylie EDC
c/o Jason Greiner
250 South Highway 78
Wylie, Texas 75098
If to Church: First Baptist Church Wylie
Attention:
Temporary Access Agreement—Page 3 #3328604
First Baptist Church Wylie
If to Vendor: Chute 2 Productions
Attention:
14. Interpretation. This Agreement represents the entire agreement between the parties
with respect to the subject matter hereof and may not be contradicted by evidence of prior,
contemporaneous,or subsequent oral agreements between the parties. This Agreement cannot under
any circumstances be modified orally,and no agreement will be effective to waive,change,modify,
or discharge this Agreement in whole or part unless such agreement is in writing and is signed by all
of the parties.
15. Joint and Several Responsibility and Liability. Except for the obligations specifically
allocated only to Church or Vendor, all obligations, responsibilities, and liabilities of Licensees
under or arising out of this Agreement shall apply jointly and severally to both Church and Vendor.
Owner may look to either Church or Vendor to satisfy any obligation or responsibility of Licensees
under this Agreement without any requirement to look to the other Licensee.
16. Miscellaneous. This Agreement shall be binding upon and shall inure to the benefit
of the parties hereto and their respective successors and assigns. This Agreement shall be
construed in accordance with the laws of the State of Texas without regard to any applicable
conflicts of law and shall be deemed performable in Collin County, Texas. Any agreement
contained, expressed or implied in this Agreement shall be only for the benefit of the parties hereto
and their respective successors and assigns, it being the intention of the parties hereto that no other
person or entity shall be deemed a third-party beneficiary of this Agreement.
[SIGNATURE PAGE FOLLOWS]
Temporary Access Agreement—Page 4 #3328604
First Baptist Church Wylie
EXECUTED to be effective on the day of , 2021 (the "Effective
Date").
Owner:
Wylie Economic Development Corporation
By:
Name:
Title:
Church:
First Baptist Church Wylie
By:
Name:
Title:
Vendor:
Chute 2 Productions
By:
Name:
Title:
Temporary Access Agreement—Page 5 #3328604
First Baptist Church Wylie
Exhibit A
Site
Temporary Access Agreement—Page 6 #3328604
First Baptist Church Wylie
Exhibit B
Insurance Requirements
Licensees and Licensees' Agents (each a"Licensee Party") shall each procure and maintain
for the duration of the contract or services to be performed, insurance as outlined in this
document and the cost of such insurance shall be borne by the Licensee Party. Each
Licensee Party is not relieved of any liability or other obligations assumed or pursuant to
this agreement by reason of its failure to obtain or maintain insurance in sufficient
amounts, duration, or types.
A certificate of insurance and accompanying endorsement pages meeting all requirements
and provision outlined shall be provided to Owner prior to the execution of any contract,
start of any services being performed or rendered, contract extension or renewal. Renewal
certificates shall also be supplied upon expiration. Each Licensee Party also acknowledges
that in the award of a contract, the bid specifications and/or the issuance of a purchase
order constitutes a written contract and all insurance requirements are in effect.
A. GENERAL REQUIREMENTS FOR ALL CERTIFICATES: The following terms
are required by Owner for all policies:
• Each Licensee Party shall procure and maintain for the duration of the contract,
insurance against claims for injuries to persons or damages to property which may
arise from or in connection with the performance of the work hereunder by the
vendor, his agents,representatives, employees (TX Administrative Code Chapter
110, Subchapter B, Rule 110.110), or any other"persons providing services" as
set forth in this section.
• Persons Providing Services - Includes all persons or entities performing all or part
of the services such Licensee Party has undertaken to perform under the
Agreement,regardless of whether that person contracted directly with such
Licensee Party and regardless of whether that person has employees. This
includes, without limitation, independent contractors, subcontractors, leasing
companies, motor carriers, owner-operators, employees of any such entity, or
employees of any entity which furnishes persons to provide services under the
Agreement. "Services" include, without limitation,providing,hauling, or
delivering equipment or materials, or providing labor, transportation, or other
services related to the Agreement.
• Upon written request by Owner, each Licensee Party shall furnish within ten(10)
business days, current certificate(s) of insurance and endorsement pages
evidencing the required coverage; and shall furnish Owner with current
certificates prior to any contract renewals or extension.
• All insurance policies that are required to name Owner as an additional insured
must be endorsed to read as primary and non-contributory coverage regardless of
the application of other insurance.
Temporary Access Agreement—Page 7 #3328604
First Baptist Church Wylie
• The certificate forms must be approved by the Texas Department of Insurance,
and are to be signed by a person authorized by the insurer to bind coverage on its
behalf. Owner will not accept Memorandums of Insurance or Binders as proof of
insurance.
• All policies must be issued by a company that maintains a rating of"A- VI" or
better by A.M. Best's Key Rating Guide, or other equivalent rating service(s),
authorized to transact business in the State of Texas,
• Each insurance policy required shall be endorsed to state that coverage shall not
be suspended, voided, canceled or non-renewed by either party,reduced in
coverage or in limits except after 30 days written notice to Owner for all
occurrences, except 10 days written notice to Owner for non-payment.
• Any failure to comply with reporting provisions of the policy shall not affect
coverage provided to Owner, its officers, officials, employees,boards and
commissions or volunteers.
1. General Liability and Automobile Liability Coverages:
• Additional Insured—Owner and the City of Wylie, Texas (the"City"), and
each of their respective officers, officials, employees, boards and
commissions and volunteers are to be added as "Named Additional
Insured's"relative to liability arising out of activities perfoiiued by or on
behalf of the applicable Licensee Party,products and completed
operations of the applicable Licensee Party,premises owned, occupied or
used by the applicable Licensee Party. The coverage shall contain no
special limitations on the scope of protection afforded to Owner and the
City, and each of their respective officers, officials, employees or
volunteers. ISO additional insured endorsement CG 20 10 and CG
2037 or their equivalent, including coverage for Owner and the City with
respect to liability arising out of the completed operations of the
applicable Licensee Party shall be utilized.
• Waiver of Subrogation - The insurer shall agree to waive all rights of
subrogation against Owner and the City, and each of their respective
officers, officials, employees and volunteers for losses arising (including
but not limited to death,property damage, or any other loss to the extent
that same is covered by the proceeds of the insurance) from work
performed by the applicable Licensee Party.
• Primary Coverage—Each Licensee Parry's insurance coverage shall be
primary insurance in respects to Owner and the City, and each of their
respective officers, officials, employees and volunteers. Any insurance or
self-insurance maintained by Owner or the City, and each of their
Temporary Access Agreement—Page 8 #3328604
First Baptist Church Wylie
respective officers, officials, employees or volunteers shall be in excess of
the applicable Licensee Party's insurance and shall not contribute with it.
• All insurance requirements and subsequent certificates are contract
specific, and must reference the Agreement.
• Each Licensee Party's insurance shall apply separately to each insured
against whom the claim is made or suit is brought, except to the limits of
the insured's limits of liability.
2. Workers Compensation
• Waiver of Subrogation - The insurer shall agree to waive all rights of
subrogation against Owner and the City, and each of their respective
officers, officials, employees and volunteers for losses arising from work
performed by the applicable Licensee Party. Each Licensee Party must
cause a waiver of subrogation to be effected under its workers'
compensation coverage.
• In the event that any Licensee Party is not required by the laws of the State
of Texas to carry Workers' Compensation, such Licensee Party shall
provide a written statement on company letterhead.
B. MINIMUM SCOPE OF INSURANCE
Coverage shall be at least as broad as:
1. General Liability:
• ISO Form Number GL 00 01 (or similar form) covering Comprehensive
General Liability. "Occurrence" form only, "claims made" forms are
unacceptable. Owner and the City shall be listed as Additional Insured,
and a specific Waiver of Subrogation shall be provided to benefit Owner
and the City.
2. Workers Compensation and Employer's Liability:
• Workers Compensation insurance as required by the Labor Code of the
State of Texas, including Employers' Liability Insurance. Owner and the
City to be provided a specific Waiver of Subrogation. Workers'
Compensation coverage shall be based on proper reporting of
classification codes and payroll amounts, and filing of any coverage
agreements which meet the statutory requirements of the Texas Labor
Code and shall apply to all employees of each Licensee Party providing
services under the Agreement.
• Each Licensee Party waives all rights against Owner and the City, and
each of their respective agents, officers, directors and employees for
recovery of damages under service provider's workers' compensation and
employers' liability or commercial umbrella liability insurance. Each
Temporary Access Agreement—Page 9 #3328604
First Baptist Church Wylie
Licensee Party must cause a waiver of subrogation to be effected under its
workers' compensation coverage.
• In the event that any Licensee Party is not required by the laws of the State
of Texas to carry Workers' Compensation, such Licensee Party shall
provide a written statement on company letterhead.
3. Automobile Liability:
• Automobile Liability as required by the State of Texas, covering all
owned,hired, or non-owned vehicles. Automobile Liability is only
required if vehicle(s) will be used under this Agreement.
C. MINIMUM LIMITS OF INSURANCE
Each Licensee Party shall maintain throughout contract limits not less than:
1. Commercial General Liability:
Unless otherwise stated in the bid specifications, a general commercial liability
insurance policy in an amount not less than One Million and 00/100 Dollars
($1,000,000) for each occurrence, and Three Million and 00/100 ($3,000,000) in
the aggregate for third party bodily injury, personal injury and property damage.
The coverage shall protect the Licensee Party and Owner and the City, and each
of their respective officers, officials, employees,boards and commissions and
volunteers; from claims for damages for bodily or personal injury, sickness or
disease, including death, and from claims for damages to property, which may
arise directly or indirectly out of, or in connection with the performance of work
under this Agreement by the Licensee Party,by any of its subcontractors, or by
anyone directly or indirectly employed by either of them, or under the control of
either of them, and the minimum amount of such insurance shall be as follows
unless higher minimum amounts are otherwise required in the Agreement. This
policy will have no coverage removed by exclusion. Policy will include coverage
for:
a. Premises/ Operations
b. Broad Form Contractual Liability
c. Products and Completed Operations
d. Personal/Advertising Injury
e. Broad Form Property Damage
f. Independent Contractors
2. Workers Compensation and Employer's Liability:
• Workers Compensation and Employer's Liability: Workers Compensation
limits as required by the Labor Code of the State of Texas and Statutory
Employer's Liability minimum limits of$1,000,000 per injury,
$1,000,000 per occurrence, and$1,000,000 per occupational disease.
Temporary Access Agreement—Page 10 #3328604
First Baptist Church Wylie
• Employers' Liability minimum limits of$1,000,000 Bodily Injury by
Accident, $1,000,000 Bodily Injury by Disease-Each Employee, and
$1,000,000 Bodily Injury by Disease-Policy Limit.
3. Automobile Liability (Bodily Injury and Property Damage):
• Automobile liability minimum limits of$1,000,000 each accident.
4. Umbrella Liability Limit
Five Million and 00/100 ($5,000,000) that follows form over underlying
Automobile Liability and General Liability coverage.
D. DEDUCTIBLES AND SELF-INSURED RETENTIONS
Any deductible or self-insured retention in excess of$10,000 must be declared to and
approved by Owner and the City.
E. VERIFICATION OF COVERAGE:
• Each Licensee Party shall provide Owner and the City with certificates of
insurance indicating coverages required prior to such Licensee Party commencing
any work under the Agreement.
• The certificates are to be signed by a person authorized by that insurer to bind
coverage on its behalf, and must be a certificate foram that has been approved by
the Texas Department of Insurance. Owner and the City will not accept
Memorandums of Insurance or Binders as proof of insurance.
• Each Licensee Party shall provide Owner and the City evidence that any/all
subcontractors performing work under the Agreement have the same types and
amounts of coverage as required herein; or that the subcontractors are included
under such Licensee Party's policy.
• Owner and the City each reserves the right to require complete, certified copies of
all required insurance policies at any time.
Temporary Access Agreement—Page 11 #3328604
First Baptist Church Wylie
�a
ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 31, 2021 Item Number: 2
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: 3-29-21 Exhibits: 1
Subject
Consider and act upon FY 2020-2021 Mid-Year Budget Amendment.
Recommendation
Staff recommends that the WEDC Board of Directors approve the FY 2020-2021 Mid-Year Budget
Amendment.
Discussion
Upon Board approval, Staff will submit a FY 2020-2021 Mid-Year Budget Amendment to the City of Wylie
Finance Department for consideration by the Wylie City Council on April 13, 2021. The WEDC amendments
accommodate for items which were anticipated to occur in the previous Fiscal Year but were delayed or moved
to the current Fiscal Year and to fund newly approved infrastructure expenses as follows:
Expenses
Special Services-$24,500
The WEDC Board approved the demolition of 201 Industrial Court in amount of$24,500 on 1-7-21.
Streets & Alleys - $78,540
The TxDOT acquisition at the corner of Highway 78 & Brown was approved by the WEDC Board on 2-5-21.
(Funds were transferred from Streets & Alleys/58210 to Land/58110 on 2-5-21 for the purchase.)
Streets & Alleys - $883,680
Updated Project and Design Fees in the amount of $1,308,680 for the NTMWD waterline relocation were
presented and approved by the WEDC Board on 11-19-20. (Based on initial project costs, $425,000 was
budgeted in both FY 20 and FY 21.)
Page 1 of 1
REQUEST FORM - MID YEAR BUDGET AMENDMENT FISCAL YEAR 2021
New Request: New personnel? Salary Grade:
Funds already expensed? Change Level of current From: To:
personnel?
PURPOSE/OBJECTIVE OF REQUEST:
Additional funds necessary for demolition of 201 Industrial Court(approved by WEDC Board on 1-7-21), TxDOT Land Purchase at Hwy 78&
Brown (approved by WEDC Board on 2-5-21), and NTMWD water line relocation (Project and Design fees approved by WEDC Board on 11-19-20.)
ACCOUNT NO. DESCRIPTION AMOUNT
111 5611 56040 Demolition Expense 24,500
111 5611 58210 Reimbursement from Transfer to Land 78,540
111 5611 58210 NTMWD Water Line Relocation 883,680
TOTAL 986,720
ADDITIONAL COMMENTS:
ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: March 31, 2021 Item Number: 3
Department: WEDC (Staff Use Only)
Prepared By: Jason Greiner Account Code:
Date Prepared: 3/26/21 Exhibits: 1
Subject
Staff report: WEDC Property Update, WEDC Office/Insurance Claim, Engineering Report, FY21 Budget Process,
Upcoming Events, and WEDC Activities/Programs.
Recommendation
No action is requested by staff for this item.
Discussion
Staff will lead a discussion regarding WEDC Properties, WEDC Office/Insurance Claim, Engineering Reports, FY21
Budget Process,Upcoming Events, and an overall review of issues surrounding WEDC Activities and Programs.
Page 1 of 1
r
ECONOMIC DEVELOPMENT CORPORATION
2021 March Board Meeting—31st
Day Time Meeting/Event
2 WDMA Meeting
3 WEDC—Feb Board Meeting
6 36th Annual Collin College Foundation-Stetson&Stiletto
8-12 Wylie ISD Spring Break
9 City Council
15-16 IEDC Leadership Summit—Virtual
22-26 TEDC-Basic Economic Development Course(Virtual)
23 City Council (WEDC Department/Retail Coach Presentation)
31 WEDC—March Board Meeting
31 Chamber Legislative Update/Virtual Austin Trip-Council Chambers
31 TEDC Legislative Update
2021 April Board Meeting—21st
Day Time Meeting/Event
1 HR Alliance—Council Chambers
CLOSED food Fli
6 WDMA Meeting
8 WSNCT Career Fair- Virtual
13 City Council
21 WEDC—Board Meeting
21 Bisnow-The Transformative Developments Along The 121 Corridor—Virtual-Ig
22 WISD CTE Advisory Meeting—ig/aw
27 City Council—Small Business Week& Economic Development Week Proclamations
29 Leadership Wylie—WEDC Presentation
2021 May Board Meeting—19th
Day Time Meeting/Event
3-7 Small Business Week&Economic Development Week(SBW Activities listed below)
1 SBW—Sip n Shop Downtown
2 SBW—Pedal Car Race
3 SBW—Taste of Wylie—Olde City Park
4 WDMA Meeting—SBW Focus
4 SBW—Young Professionals Event—Fish-n-Tails
5 SBW—Cinco De Mayo Promotion
6 SBW—Stronger Together—Women's Leadership Conference—aw/rh
7 Filming Day—Entertainment, Lifestyle,Tourism
7-8 SBW—Farmers Market&The Burrough
8 SBW—Mother's Day Promotion
11 City Council
19 WEDC—Board Meeting
25 City Council
25-26 ICSC RECon Digital-Virtual
31 CLOSEDI�empria
Around the Corner...
• TEDC Mid-Year Conference-June 9-11
• IAMC Spring Forum-rescheduled to June 19-23,2021