The URL can be used to link to this page

06-16-2021 (WEDC) Agenda Packet Wylie Economic Development Corporation Board Regular Meeting ' R E L . °"MON June 16, 2021 —8:30 AM Council Conference Room-300 Country Club Road,Building#100 Wylie, Texas 75098 CALL TO ORDER INVOCATION& PLEDGE OF ALLEGIANCE COMMENTS ON NON-AGENDA ITEMS Any member of the public may address 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.Board requests that comments be limited to three minutes for an individual, six minutes for a group.In addition,Board 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 Board 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 the May 19, 2021 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the May 2021 WEDC Treasurer's Report. REGULAR AGENDA 1. Consider and act upon a recommendation for appointment to the Comprehensive Plan Advisory Committee. DISCUSSION ITEMS DS1. Discuss issues surrounding lease of Wylie EDC office space. DS2. Discuss issues surrounding Wylie EDC loans. DS3. Discuss issues surrounding the FY 2021-2022 Wylie EDC Budget. DS4. Staff report: WEDC Property Update, Downtown Parking, WEDC Office/Insurance Claim, Engineering Report,Upcoming Events,New Board Member Handbook, and WEDC Activities/Programs. EXECUTIVE SESSION Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of real property if deliberation in an open meeting would have a detrimental effect on its negotiating position. Fake 11 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 &Ballard, State Hwy 78 and Birmingham, State Hwy 78 and Brown. Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. This chapter does not require a governmental body to conduct an open meeting: (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1). 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 lb,2021-2a,2021-2b, 2021-4a, 2021-4b, 2021-4c, 2021-4d, and 2021-5a. 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 June 11,2021 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 Board should determine that a closed or executive meeting or session of the Board 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 Board at the date, hour and place given in this notice as the Board 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. Page 12 Minutes Wylie Economic Development Corporation Board of Directors Meeting May 19, 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 8:35 a.m. Board Members present were John Yeager,Melisa Whitehead, Gino Mulliqi, and Tim Gilchrist. Ex-Officio Members Mayor Matthew Porter arrived at 8:36 a.m.and City Manager Chris Holsted arrived at 8:40 a.m. WEDC staff present included Executive Director Jason Greiner, BRE Director Angel Wygant, and Senior Assistant Rachael Henries. INVOCATION & PLEDGE OF ALLEGIANCE President Dawkins 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 the April 21, 2021 Minutes of the WEDC Board of Directors Meeting. B. Consider and act upon approval of the April 2021 WEDC Treasurer's Report. Board Action A motion was made by John Yeager, seconded by Tim Gilchrist, to approve the Consent Agenda as presented. A vote was taken,and the motion passed 5-0. DISCUSSION ITEMS President Dawkins began with Item 2 for discussion purposes. 2. Staff report: WEDC Property Update, WEDC Office/Insurance Claim, Engineering Report, FY21 Budget Process,Upcoming Events,and WEDC Activities/Programs. Staff noted that sales tax revenue allocations were up 8%for April and 38%for May.Mayor Porter and the Board discussed the impact of increased cost of goods on sales tax revenues,as well as the potential impact of the ice storm and COVID-19 restrictions being lifted. Rental income is up-to-date and scheduling will take place in the next 60-90 days for demolition of the houses on E. Brown Street, with demolition anticipated 30 days following. The overall planning of the FM 544 property will impact the timing of notices that need to be sent out to tenants of properties that will be demolished at that location. Staff will be sure to coordinate timing appropriately. Staff discussed WEDC—Minutes May 19, 2021 Page 2 of 3 the possibility of facility tours for Wylie EDC/City Council now that local facilities are opening back up, adding that Deanan Gourmet Popcorn had recently reopened and was featured on QVC. Staff will also go on-site to WEDC-owned facilities. Mowing of WEDC-owned properties has been impacted by recent rains and reduced workforce of the mowing company. License agreements for use of WEDC- owned property will be presented to the Board if/when they are requested. Staff discussed potential use of license agreements for the Birmingham lot. A survey has been ordered in effort to obtain an interlocal agreement with Union Pacific for parking near Downtown Wylie. Construction is complete from the recent flooding at the Wylie EDC offices. Final quotes for furniture replacement will soon be received and reviewed. Cost estimates are being updated by our engineer, Randy Helmberger, for the utility work at FM 544 Gateway properties. Mr. Helmberger is also working with TxDOT for median improvements at Hwy 78 & Brown. A meeting is scheduled between staff and the developer for the corner lot at Hwy 78 & Brown, City of Wylie Engineering, and Helmberger to finalize the submission to TxDOT. Fieldwork on the Alanis property should be received soon and drainage issues and possible flood study at Steel/Hooper will be discussed later. The HR Alliance Meeting was attended by several of the larger employers in the city and provided a good opportunity to discuss innovative HR practices. Staff discussed the significance of being in tune with local HR representatives. The Wylie ISD CTE Advisory Board featured a "signing day" to recognize and celebrate internship opportunities for students and build awareness for local internships available. Board Member Mulliqi discussed the opportunity for a work program with Wylie ISD to benefit both the local employers and the students.President Dawkins mentioned the opportunity to help identify businesses and facilitate the process,with Wylie ISD taking the lead on the program creation. Staff provided an overview of additional activities, including the State of the City/Wylie 1SD, Small Business Week, and Leadership Wylie. Future activities noted include the reception for outgoing Board/Commission Members on June 22nd and a potential Wylie EDC Meeting on July 7`h to finalize the budget prior to review by City Council. TEDC Sales Tax training can be attended in August (virtually)or September(Richardson, TX). ICSC"Here,We Go. 2021"will be held in December 2021 and ICSC RECon will be held in May 2022. EXECUTIVE SESSION Recessed into Closed Session at 9:02 a.m. in compliance with Section 551.001,et. seq.Texas Government Code, to wit: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. ES1. 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,2020-11b, 2021-2a,2021-2b,2021-4a,2021-4b,2021-4c, 2021-4d,2021-5a, and 2021-5b. WEDC—Minutes May 19, 2021 Page 3 of 3 RECONVENE INTO OPEN SESSION Take any action as a result from Executive Session. President Demond Dawkins reconvened into Open Session at 10:11 a.m. and moved back to Item 1. DISCUSSION ITEMS 1. Discuss issues surrounding the FY 2021-2022 WEDC Budget. Staff discussed the process of preparation for the new budget year while noting the figures from the April 2021 Monthly Financial Report, as these figures can be used to provide the most up-to-date estimates of the beginning fund balance for FY 21-22. Staff discussed the audited beginning fund balance of$1.735 million and current claim on cash of$2,267,824 as of April 30, 2021. In projecting, sales tax assumptions for the remainder of the year were kept flat and potential decrease in rental income (due to demolition)and gain/loss-sale of property(due to forgivable notes)were noted. Staff discussed the option for implementing internships in the organization, with the addition of$10,000 anticipated in expenses to Personnel should the Board be in favor of the opportunity in this fiscal year. The Board expressed support for$10,000 being allocated for implementation of internships.Incentives were noted, with $300,000 for future incentives not anticipated to be spent in this fiscal year. Travel and training opportunities impacted this past year resulted in $20,000 anticipated to be unspent and Audit/Legal expenses have come in under projections by $10,000. The delay of the downtown alley project results in an additional $125,000 that will not be spent in FY 20-21. After reviewing the noted assumptions for the remainder of this fiscal year, staff highlighted the projected ending fund balance of$1,296,125. Any sales tax revenues received over the flat projections in this fiscal year would be added to the projected ending fund balance. For FY 21-22, Staff noted the possible addition of an administrative position. The Board requested additional information including a job description and salary metrics for their consideration.The Board discussed adding these projections and noting the potential for increased sales tax revenue when discussing options for loan restructuring for Wylie EDC. Staff noted that sales tax revenue projections into the next fiscal year would mirror those used by the City of Wylie. Staff stated that additional information regarding cost estimates for infrastructure and five-year projections related to Wylie EDC loans would be brought back to the Board. FUTURE AGENDA ITEMS Staff and President Dawkins noted that a New Board Member Handbook would be created and reviewed at a later date. ADJOURNMENT With no further business, President Dawkins adjourned the WEDC Board meeting at 10:36 a.m. Demond Dawkins,President ATTEST: Jason Greiner,Executive Director �a ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: June 16,2021 Item Number: B Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 5/13/21 Exhibits: 4 Subject Consider and act upon approval of the May 2021 WEDC Treasurer's Report. Recommendation Motion to approve the May 2021 WEDC Treasurer's Report. Discussion Presented for the Board's review and approval is the May 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. REVENUES: Sales Tax Revenue earned in March, allocated in May, was $400,371.69, an increase of 38.43% over the same period in 2020. EXPENSES: Incentives $11,800 First Miracle, Inc- Incentive 1 of 1 $25,000 CBC Property Holdings LP- Incentive 1 of 2 Page 1 of 1 Wylie Economic Development Corporation MONTHLY FINANCIAL REPORT May 31,2021 ANNUAL CURRENT PRIOR YEAR PO YTD YTD ACTUAL BUDGET BALANCE %OF BUDGET BUDGET MONTH ADJUST. ENCUMBRANCE 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 $ 2,563,972.97 SALES TAX $ 2,968,437.00 $ 400,371.69 $ - $ 1,833,657.35 $ - $ 1,134,779.65 61.77% A ALLOCATED INTEREST EARNING: $ 6,000.00 $ - $ - $ 566.26 $ - $ 5,433.74 9.44% RENTAL INCOME $ 153,240.00 $ 12,055.00 $ - $ 86,210.00 $ - $ 67,030.00 56.26% GAIN/LOSS-SALE OF PROPERTY $ 164,500.00 $ - $ - $ (31,208.00) $ - $ 195,708.00 -18.97% INSURANCE RECOVERIES $ 54,545.27 $ - $ - $ 40,614.11 $ - $ 13,931.16 74.46% C REVENUES $ 3,346,722.27 $ 412,426.69 $ - $1,929,839.72 $ - $ 1,416,882.55 57.66% EXPENDITURE SUMMARY PERSONNEL $ 336,516.00 $ 22,991.32 $ - $ 204,222.35 $ - $ 132,293.65 60.69% OPERATING EXPENSES $ 111,551.27 $ 6,141.25 $ - $ 34,436.35 $ 1,957.11 $ 75,157.81 32.62% B/C INCENTIVES $ 1,130,310.00 $ 36,800.00 $ - $ 567,131.55 $ - $ 563,178.45 50.17% SPECIAL SERVICES $ 112,678.00 $ 6,974.39 $ - $ 69,828.48 $ 433.12 $ 42,416.40 62.36% ADVERTISING $ 114,100.00 $ 1,905.00 $ - $ 28,822.75 $ - $ 85,277.25 25.26% COMMUNITY DEVELOPMENT $ 44,550.00 $ 711.48 $ - $ 9,916.59 $ 3,500.00 $ 31,133.41 30.12% TRAVEL&TRAINING $ 62,600.00 $ 196.96 $ - $ 7,992.73 $ - $ 54,607.27 12.77% DUES&SUBSCRIPTIONS $ 30,018.00 $ 429.69 $ - $ 21,465.81 $ - $ 8,552.19 71.51% AUDIT&LEGAL $ 33,000.00 $ 1,123.50 $ - $ 8,406.50 $ 933.00 $ 23,660.50 28.30% ENGINEERING&ARCHITECTURAL $ 87,500.00 $ - $ - $ 39,697.78 $ - $ 47,802.22 45.37% DEBT SERVICE $ 541,878.00 $ 37,010.91 $ - $ 394,718.51 $ - $ 147,159.49 72.84% LAND $ 78,540.00 $ - $ - $ 78,540.00 $ - $ - 100.00% INFRASTRUCTURE PROJECTS $ 1,888,680.00 $ - $ - $ 189,180.00 $ - $ 1,699,500.00 10.02% FURNITURE&FIXTURES $ 2,500.00 $ - $ - $ 797.00 $ - $ 1,703.00 31.88% CONTRA CAPITAL $ - $ - $ - $ (78,540.00) $ - $ 78,540.00 0.00% TOTAL EXPENDITURES $ 4,574,421.27 $ 114,284.50 $ - $1,576,616.40 $ 6,823.23 $ 2,990,981.64 34.62% REV OVER/(UNDER) EXPEN $(1,227,699.00) $ 298,142.19 $ - $ 353,223.32 $ (6,823.23) $ (1,574,099.09) A. SLSTX Rev earned in March,allocated in May,was$400,371.69,an increase of 38.43%over the same period in 2020. Sales Tax received for 6 months of FY due to 2 month accrual to prior FY. B.Operating Expenses include Supplies,Maint Materials,Rental,Communication,Insurance and Utilities. C.Adjusted FY20-21 Budget due to projected insurance recoveries. Wylie Economic Development Corporation Statement of Net Position As of May 31, 2021 Assets Cash and cash equivalents $ 2,566,076.21 Receivables $ 60,000.00 Note 1 Inventories $ 12,106,477.50 Prepaid Items $ - Total Assets $ 14,732,553.71 Deferred Outflows of Resources Pensions $ 95,608.55 Total deferred outflows of resources $ 95,608.55 Liabilities Accounts Payable and other current liabilities $ 42,541.41 Unearned Revenue $ 1,200.00 Note 2 Non current liabilities: Due within one year $ 138,819.77 Note 3 Due in more than one year $ 5,090,479.60 Total Liabilities $ 5,273,040.78 Deferred Inflows of Resources Pensions $ (47,711.41) Total deferred inflows of resources $ (47,711.41) Net Position Net investment in capital assets $ - Unrestricted $ 9,602,832.89 Total Net Position $ 9,602,832.89 Note 1: Includes incentives in the form of forgivable loans for$60,000(LUV-ROS) Note 2: Deposits from rental property Note 3: Liabilities due within one year includes compensated absences of$20,727 6-09-2021 09:47 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: MAY 31ST, 2021 111-WYLIE ECONOMIC DEVEL CORP ACCOUNT# TITLE ASSETS 1000-10110 CLAIM ON CASH AND CASH EQUIV. 2,563,972.97 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 60,000.00 1000-14112 INVENTORY - MATERIAL/ SUPPLY 0.00 1000-14116 INVENTORY - LAND & BUILDINGS 12,106,477.50 1000-14118 INVENTORY - BAYCO/ SANDEN BLVD 0.00 1000-14310 PREPAID EXPENSES - MISC 0.00 1000-14410 DEFERRED OUTFLOWS 548,249.00 15,280,699.47 TOTAL ASSETS 15,280,699.47 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 21.58 2000-20117 TMRS PAYABLE 1,305.00 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 5,999.86 2000-20131 EDWARD JONES DEFERRED COMP 0.00 2000-20132 EMP CARE FLITS 12.00 2000-20151 ACCRUED WAGES PAYABLE 0.00 2000-20180 ADDIT EMPLOYEE INSUR PAY 48.00 2000-20199 MISC PAYROLL PAYABLE 0.00 6-09-2021 09:47 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: MAY 31ST, 2021 111-WYLIE ECONOMIC REVEL CORP ACCOUNT# TITLE 2000-20201 AP PENDING 0.00 2000-20210 ACCOUNTS PAYABLE 32,265.37 2000-20530 PROPERTY TAXES PAYABLE 0.00 2000-20540 NOTES PAYABLE 548,249.00 2000-20810 DUE TO GENERAL FUND 0.00 2000-22270 DEFERRED INFLOW 0.00 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 589,100.81 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 1,929,839.72 TOTAL EXPENSES 1,576,616.40 REVENUE OVER/(UNDER) EXPENSES 353,223.32 TOTAL EQUITY & OVER/(UNDER) 14,691,598.66 TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 15,280,699.47 6-09-2021 09:47 AM CITY OF WYLIE PAGE: 1 BALANCE SHEET AS OF: MAY 31ST, 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 109,288.76 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 5,229,299.37 6-09-2021 09:47 AM CITY OF WYLIE PAGE: 2 BALANCE SHEET AS OF: MAY 31ST, 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 ( 256,627.51) REVENUE OVER/(UNDER) EXPENSES 256,627.51 TOTAL EQUITY & OVER/(UNDER) ( 5,181,402.23) TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 47,897.14 Wylie Economic Development Corporation SALES TAX REPORT May 31,2021 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 $ 257,187.91 $ 29,096.57 12.76% APRIL $ 163,484.89 $ 182,499.53 $ 203,895.57 $ 221,881.55 $ 17,985.98 8.82% MAY $ 203,707.17 $ 274,299.18 $ 289,224.35 $ 400,371.70 $ 111,147.35 38.43% 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 $ 1,833,657.36 $ 305,132.75 18.33% Total $ 2,562,759.35 $ 2,920,137.37 $ 3,283,492.09 $ 1,833,657.36 $ 305,132.75 18.33% E C Sales Tax nalysis $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 2020 $200,000 2.021 $150,000 $100,000 $50,000 $0 ***Sales Tax collections typically take 2 months to be reflected as Revenue. SIsTx receipts are then accrued back 2 months. Example:May SIsTx Revenue is actually March SIsTx and is therefore the 6th allocation in FY21. 4 ) ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: June 16, 2021 Item Number: 1 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 6/10/21 Exhibits: Subject Consider and act upon a recommendation for appointment to the Comprehensive Plan Advisory Committee. Recommendation Motion to recommend to the Comprehensive Plan Advisory Committee. Discussion At the June 8th City Council meeting, city staff conducted a work session regarding a Comprehensive Plan Advisory Committee (CPAC). City Council selected Wylie EDC and five other organizations to provide one member each to the CPAC, in addition to members that will be directly appointed by Council. The CPAC will work with a consultant in completing the City's new Comprehensive Master Plan. When appointed, the CPAC member can expect to attend a meeting once a month for approximately two hours. The Committee will remain in place until the plan is completed, currently expected to take one year. The first CPAC meeting is slated to be in late July/early August. Page 1 of 1 �a ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: June 16, 2021 Item Number: DS1 Department: WEDC (Staff Use Only) Prepared By: Jason Greiner Account Code: Date Prepared: 6/9/21 Exhibits: 2 Subject Discuss issues surrounding lease of Wylie EDC office space. Recommendation No action is requested by staff for this item. Discussion WEDC has leased office space at 250 S. Hwy 78 since December of 2010. Since the original 5-year lease, the WEDC Board had chosen to renew the lease for an additional 5-year term back in February of 2016 and then opted to extend the lease for an additional 12-month tei in on January 20, 2021. The WEDC has four offices, one dedicated work/copy room, one storage/filing room, and one dedicated conference/board room. Utilities are shared according to percent of office space utilized, with the WEDC responsible for its own cleaning services. As approved in FY 2020-2021, a monthly lease of$2,250 is paid to Wylie Industrial Court Development, Ltd. Staff would like to present this item for discussion as we prepare for FY 2021-2022 Budget Process. Page 1 of 1 ^ � � lE}{�^8 �^c"OOCIAIlONDFREALTORSV0 COMMERCIAL LEASE USE OFTHIS FORM BY P,ERSnNS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION orREALmxS@/^NOT AUTHORIZED. mm=.x""�ux�mna^oonmv.""�," � _ _ Table of Contents N_Q, Eara=pb Description Ro. No- Par,t �9. - - 1. PerUno 2 22. Holdover 10 2. Leased Premises 2 23. Landlord's Lien & Security Interest 11 3. Term 2 24. Assignment and Subletting 11 A. Tenn 25, Relocation 11 B. Delay nfOccupancy 20. Subordination 11 4. Rent and Expenses 3 27. Estoppel Certificates & Financial Info. 11 A. Base Monthly Rent 28, Casualty Loss 12 B. First Full K4onth'a Rent 29. CVOd80OsdioD 12 C. Prorated Rent 30, Attnrney'oFeeo 12 D. Additional Rent 31. Representations 12 E. Place ofPayment 32. Brokers 13 F. Method of Payment ! 33. Addenda 13 �� G. Late Charges 34. Notices 13 H. Returned Checks 35. Special Provisions 14 5. Security Deposit 4 30. Agreement of the Parties 14 8 Taxes 4 7. Utilities 4 ADDENDA & EXHIBITS (check all that apply) 8 Insurance 5 — ' �� Enh|b� �� Q Use Hours O �^- ' °~~--��-�-- --=--==-�� ~ � E hibit �, 10 Legal � � ~~ ^ n~ �� ' Commercial Lease Addendum for Broker's Fee '11 Signs 7 (TAR-21O2) ' 12 Access B Landlord 7 ` ' ' ~` ~ �� Commercial Lease Addendum for Expense 13 Move-In 7' RSi0bU[Ge0oDt (TA��21O5> 14 Move-Out 7 ` ' ' �S Comnnoroio| Lease Addendum for Extension 15, Maintenance and Repairs H | �� i TAR'2104) A. Cleaning | �� {� ~r~~' \o| L�asn `ddondumfor Percentage B. Conditions Caused by Party ~''^''~'~' ' ` ' Rent (TAR-210O> C. Repair ` ' ' ^ �� {�ommeroie| Lease Addendum for Parking D. Repair |�| �� ' � (TAR�2107> E. HVA� 8ervice {�onbaot ;� ` ' ' ~ �� Comnnernia| Landlord's F�u|eaand Re0u|aUonn F. �omnnon /\naoo �~ � (TAR'2108) G. Notice OfRepairs Commercial Lease ---- `' ' - 0S) H. Failure to Repair �Y Comnnon�o| L0000Add�ndum0orR�htofFi�t 16 Alterations S � ~~ ~ ' Refusal 105) 17 Liens 9 � `'' ^ ` ^ ' �� Commercia| Lease /\ddondumfor Optional 18 Liability 10 ' 11O) 19. '|nUennnhx 10 ~r~`` '' ^` � ' Commercial Lease Addendum for Construction 20' Default 10 ~~ �7\��211 ) 12) 21 Abandonnnent |nterru UonofUti|dUeo ` '' `' ' ' ' ' ~' ' �l Commercial for Lease Addendum � Rennnvo| ofPrnpe�y & Lockout 10 ~� Conbngenc|oa (TAR-211S) � D Information About Brokerage Services (T;�R-2101) 1-26'10 Initialed for Identification byLandlord: and Tenant- . Page of15 ~ x ~~*.~~ nIII ruvoe:555.555.5555 Fax: 555�55.5555 ~Fmmpn Wylie Indus TEXAS ASSOCIATION OF REALTORS® C. EC AL LEASE USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS®IS NOT AUTHORIZED. ©Texas Associalion of REALTORS®,Inc.2010 1. PARTIES: The parties to this lease are: Landlord: Wylie Industrial Court Development, Ltd. and Tenant Wylie Economic Development Corporation 2. LEASED PREMISES: A. Landlord leases to Tenant the following described real property, known as the "leased premises," along with all its improvements (Check only one box): CI (1) muitip - 0-1 : Suite or Unit Number containing approximately square feet of rentable area in see Attached Exhibit A (project name) at 250 Highway 78 S. (address) in ylie (city), Collin (county), Texas, which is legally described on attached Exhibit A or as follows: 1:1 (2) : The real property at: .(address) in (city), (county), Texas, which is legally described on attached Exhibit or as follows: B. If Paragraph 2A(1) applies: (1) "Property" means the building or complex in which the leased premises are located, inclusive of any common areas, drives, parking areas, and walks; and (2) the parties agree that the rentable area of the leased premises may not equal the actual or useable area within the leased premises and may include an allocation of common areas in the Property. The rentable area D will X will not be adjusted if re-measured. 3. TERM: A. Term: The term of this lease is 60 months and 0 days, commencing on; December 1, 2010 (Commencement Date) and ending on November 31. 2015 (Expiration Date). (TAR-2101) 1-26-10 Initialed for Identification by Landlord: , , and Tena Page 2 of 15 Produced with ZipForme by zipLogix 18070 Fifteen Mlle Road,Fraser,Michigan 46026 yeawalpLogixxcan Wylie Indus . ~ 250 Highway Commercial Lease concerning: Wylie, TX O. Delay of Occupancy: If Tenant is unable to occupy the leased premises on the Commencement Date bSCGUS8 of construction on the |98S8d premises to be C0Dlp|eded by Landlord that is not substantially complete or a prior tenant's holding over ofthe leased premises, Landlord will not be |iob|o to Tenant for such delay and this lease will namo|n enforceable, In the event ofsuch a delay, the Commencement Date will automatically be extended to the date Tenant is able to occupy the Property and the Expiration D*d8 will also be extended by a like number of days, so that the length of this |eoS8 remains unchanged. If Tenant is unable to occupy the |ooaed premises after the BOth day after the Commencement Date because of construction on the leased premises to be completed by Landlord that is not substantially complete or a prior tenant's holding over nfthe leased pranlinoo. Tenant may terminate this |oene by giving written notice to Landlord before the |ennod premises become available to be occupied by Tenant and Landlord will refund to Tenant any amounts paid to Landlord by Tenant. - This Paragraph 3B does not apply to any delay in occupancy caused by cleaning or repairs, C. Unless the parties agree cdhenwine. Tenant is responsible for obtaining o certificate of occupancy for the leased premises if required bya governmental body. 4. RENT AND EXPENSES: A. Base Monthly Rent: On or before the first day of each month during this |eaee. Tenant will pay Landlord base monthly rent aa described on attached Exhibit� - 2,000 . ,oroefollows, � Da tes Rate per rentablefoot Monthly From To $ Monthly Rate $ Annual Rate Rent $ B. Additional-Rent: In addition to the base monthly n3[t. Tenant will pay LoOd|OK1 all other emounts, as rovV the attached that apply.): Commercial Lease Addendum for Expense Reimbursement R-2103\ Commercial Lease Addendum for Percentage Rent (TAR-21OO) Commercial Lease Addendum for Parking (TAR'21O7) ~� ``' All amounts payable under the applicable addenda are deemed to be "rant" for the purposes of this |naao. C. First Full Month'o Rent:The first full monthly rent is due onor before ' December ~ O. Prorated Rent: If the Commencement Dote is on a day other than the first day of a mon8l. Tenant will pay Landlord as prorated nent, an amount equal tothe base monthly rent multiplied by the following fraction: the number of days from the Commencement Dote to the first day of the following month divided by the number of days in the month in which this lease commences. The prorated rent is due on or before the Commencement Date. E. Place Of Payment: Tenant will [emit all amounts due Landlord under this.lease to the following person at the place stated or to such other person or place as Landlord may later designate in writing: Nomn�.D. �Baron Copl� Address: (TAR-2101) 1'26'10 Initialed for Identification byLand|ond:4V=-- . and Tenant, . .Page Oof15 Produced with z/nFurrn@u'z/vuwm 1vom Fifteen Mile Road,Fraser,Michigan*oom ,mw.z/nLonix.u,m Wylie Indus 250 Highway 78 S. Commercial Lease concerning: Wylie TX� 7509B F. yWethndJQf U rent timely without demand, deduction, or offset, except as permitted by law or this lease. If Tenant falls to timely pay any amounts due under this lease or if any check of Tenant is returned to Landlord by the institution on which it was drawn, Landlord after providing written notice to Tenant may require Tenant to pay subsequent amounts that become due under this lease in certified funds. This paragraph does not limit Landlord from seeking other remedies under this lease for Tenant's failure to make timely payments with good funds. G. payment Edthe designated place of payment within 5 days after the date it in due. Tenant will pay Landlord a |oto charge equal to 5% of the amount duo. In this paragroph, the mailbox is not the agent for receipt for Landlord. The late charge is a cost eamooioUad with the collection of rent and Landlord's acceptance of o late charge does not vvoivn Landlord's right tn exercise remedies under Paragraph 30. H. Tenant will pay $ 25.00 for each check Tenant tenders toLandlord which is returned by the institution on which it is drawn for any reanon, plus any late charges until Landlord receives payment, 5. SECURITY DEPOSIT: A. Upon execution of this lease, Tenant will pay $2vOOD.0O ��~�� to Landlord asosecurity deposit. B. Landlord may apply the security deposit to any amounts owed by Tenant under this lease. If Landlord applies any part of the security deposit during any time this lease is in effect to amounts owed by Tonant. Tenant must, within 10 days after receipt of notice from Land|ord, restore the security deposit to the amount stated. C. Within 80 days after Tenant surrenders the |ooned premises and provides Landlord written notice of Tenant'nfo -nwandin address, Landlord will refund the security deposit less any amounts applied toward amounts owed by Tenantnr other charges authorized by this lease. G. TAXES: Un|oau otherwise agreed by the padieo. Landlord will pay all noo| property ad valorem taxes assessed against the leased premises. T. UTILITIES: A. The party designated below will pay for the following utility charges tnthe |aoaed premises and any connection charges for the utilities. (Check a8 that apph/) N/A Landlord Tenant Water 0 Q Sewer D@ F� Electric ID \ Gen 5 Telephone 8 Internet 7 Cable D Trash 9 (1D)All other utilities B. The party responsible for the charges under Paragraph 7AvvU| pay the charges directly to the utility service provider, The responsible party may select the utility service provider except that if Tenant selects the provider, any access or alterations to the Property or leased premises necessary for the utilities may be made only with Landlord's prior consent, which Landlord will not unreasonably withhold. If Landlord incurs any liability for utility or connection charges for which Tenant is responsible to pay and Landlord pays such amount, Tenant will immediately upon written notice from Landlord reimburse Landlord such amount. (TAR-2101) 1'26'10 Initialed for Identification byLandlord: and / m . Page*m/n Produced with Zivpvrm(Duvzi»um/x 1oom Fifteen Mile Road,Fraser,Michigan 400uo Wylie Indus � - 250 Highway 78 S. Commercial Lease oonoeming� Wylie, IX75098 C. Notice: Tenant should determine if all necessary utilities are available to the |aosmd premises and are adequate for Tenant's intended use. O. After-Hours MVAC Charges: "HVA(} services" means hesting, venti|mt|ng, and air conditioning of the leased pnaOni8e8. (Check one box only.) G@ (1) Landlord is obligated to provide the HVAC services to the leased premises only during the Property's operating hours specified under Paragraph 9C. F� (2> Landlord will provide the HVA{� services tothe leased premises during the operating hours specified-- ' ' under Paragraph SC for no additional charge d vvi||. at Tenant's est, provide HVAC services tothe leased premises during other hours'for,an additional charge of per hour. Tenant will pay Landlord the charges under this paragraph immediately upon receipt of Landlord's invoice. Hourly charges are charged on o half-hour basis. Any partial hour will be rounded up to the next half hour. Tenant will comply with Landlord's procedures to make a request to provide the additional HVAC services under this paragraph. El (3) Tenant will pay for the HVAC aen/ioeo under this lease. 8. INSURANCE: A. During all times this lease is in effent. Tenant nnuet, at Tenant's expenne, maintain in full force and effect from an insurer authorized to operate in Texas: M> public liabillty insurance naming smn additional insured with policy limits nn an occurrence basis ina minimum aamount of: 'AdVr(b) (a) $1,000.000; or �U > $2.000.000. If neither box in checked the minimum amount will be $1.000.000. (2) personal property damage insurance for the business operations being conducted in the leased premises and contents in the leased premises inon amount sufficient to replace'such contents after . onosuab .v |000� and _�� El (3) business interruption insurance sufficient to pay 12 months of rent payments; B. Before the Commencement Dote. Tenant must provide Landlord with a copy ofinsurance certificates evidencing the required coverage. If the insurance coverage is renewed or changes in any manner or degree at anytime this lease in in effent. Tenant must, not later than 10 days after the nanevva| or change. provide Landlord o copy of an insurance certificate evidencing the [8Oevvo| or change. C. |f Tenant fails to maintain the required insurance in full force and effect at all times this lease is in affect' Landlord may: (1) purchase insurance that will provide Landlord the same coverage as the required insurance and Tenant must immediately reimburse Landlord for such expense; or (2) exercise Landlord's remedies under Paragraph 2O. O. Unless the parties agree othemviee. Landlord will maintain in full force and effect insurance for: (1) fire and extended coverage in on amount to cover the reasonable replacement cost of the improvements of the Property; and (2) any public liability insurance in an amount that Landlord determines reasonable and appropriate. E. If there is an incno8S8 in Landlord's insurance premiumsfor the leased premises or Property or its contents that is caused by Tenant, Tenant's use of the leased premises, or any improvements made by or for Tenant, Tenant will, for each year this lease in in effect, pay Landlord the increase immediately after Landlord notifies Tenant of the increase. Any charge to Tenant under this Paragraph 8E will be equal tothe actual amount ofthe increase in Landlord's insurance premium. (T8R-2101) 1'26'10 Initialed for Identification byLandlord: and Tenant: . Page 5of10 Produced with z/vpmm@u',/num/, 1omo Fifteen Mile Road,Fraser,Michigan*nnun wvy4zjpLGnJx.cnm Wylie Indus 250 Highway 78 S. Commercial Lease concerning: WyIie, TX 75098 B. USE AND HOURS: A. Tenant may use the leased pnem|naa for the following purpose and no other: general of fioes. pZQy e Fill bje -allowed. for the operation of a-business engaging in any of the following actiyitie�, title i000rauce, real estate brolcer. - insurance agency, or mortgage cnnPa-Pl! ' B. Unless otherwise specified in this |eoae. Tenant will operate and conduct its business in the leased premises during business hours that are typical of the industry in which Tenant represents it operates. C. The Property maintains operating hours of(specify hours, days of week, and if inclusive or exo/uo/w* of weekends and holidavo).' o/a 10' LEGAL COMPLIANCE: A. Tenant may not use of permit any part ofthe leased premises or the Property tobe used for: (1) any activity which Is a nuisance or is offensive, noisy, or dangerous; (2) any activity that interferes with any other tenant's normal business operations or Landlord's management of the Property; (3) any activity that violates any applicable law, regulation, zoning ordinance, restrictive covenant, governmental order, owners' association rules, tenants' association rules, Landlord's rules or regulations, or this lease; (4) any hazardous activity that would require any Insurance premium on the Property or leased premises to increase or that would void any such insurance; (5) any activity that violates any applicable federal, state, or local law, including but not limited to those laws related to air quality, water quality, hazardous materials, wastewater, waste disposal, air emissions, or other environmental matters; (6) the permanent or temporary storage of any hazardous material; or (7) jt,itle insurance, real estate broker. insurance agency or mQrtgage company ' . B. "Hazardous material" means any pollutant, toxic aubatnnca, hazardous vvoate, hazardous nlateha|, hazardous oubmtonne, ao|want, or oil as defined by any fodera|, state, or local environmental |aw, regu|oUon, ordinnnoe, or rule existing as of the date of this lease or later enacted. nfo 10 |i b| C. --'--- --- - -'restrictions, zoning ordinances, setback lines, parkingrequirements, impervious ground cover ratio requirements, and other matters that may relate to Tenant's intended use. Teriapt Muat-aafi5f4A5BjLt1a1 the use of the leased premises or Property. Tenant agrees thatil-La not relying-an any warranty-al: representation made by Landlord, Landlord's agent, or any broker concerning the use-o-f the leased 11. S|CSNS: A. Tenant may not post or paint any signs or place any decoration outside the leased premises or on the Property without Land�ord's written consent. Landlord may remove any unauthorized sign or decorations, and Tenant will promptly reimburse Landlord for its cost to remove any unauthorized sign or decorations. B. Any authorized sign must comply vv�h all laws, restrictions, zoning ondinonues, and any governmental order relating to o|Qne on the leased premises or Property. Landlord may temporarily remove any authorized sign to complete repairs or alterations to the leased pnanniaee or the Property. (TAR'2101) 1'26'10 Initialed for Identification by Landlord: �w~�� - . . and Tenant:/#, . Page 0of15 Produced with z/vpo,m@o'z/nL"u/x 1onrn Fifteen Mile Road,Fraser,Michigan*oous mm,Lz*1,Wm=m Wylie Indus � 350 Highway 78 S. Commercial Lease concerning: lWylie, TX 75098 C. By providing written notice to Tenant before this lease ends, Landlord may require Tenant, upon move-out and at Tenant's expenae, to remove, without damage tothe Property orleased premises, any or all signs that were placed on the Property or leased premises by or at the request of Tenant. Any signs that Landlord does not require Tenant to remove and that are fixturee, become the property of the Landlord and must be surrendered to Landlord at the time this lease ends. 12.ACCGSS BY LANDLORD: A. leased premises for any reasonable purpose, including but not limited to purposes 'for repairs, maintenance, alterations, and showing the leased to me tenants or purchasers, may ayaccess the� leased premises after Tenant's ` normal business hours if: entry' is made with Tenant's permission; or ) entry is necessary to complete emergency repairs. Landlord will not unreasonably interfere with Tenant's business operations when accessing the leased premises. B. During the last gO days of this |eoae. Landlord may place e "For Lease" or similarly worded sign in the leased premises. 13. YNOVE^|N CONDITION: Tenant has inspected the leased premises and accepts it In its present (as-is) condition unless expressly fed otherwise in this lease or in on addendurn. Landlord and any agent have made no, express or implied warranties as to the condition or permitted use-Qf the leased premises-lI Property. 14. MOVE-OUT CONDITION AND FORFEITURE QF TENANT'S PERSONAL PROPERTY: A. At the time this lease ends, Tenant will surrender the leased premises in the same condition as when reoe|ved, except for na| wear and tear. Tenant will leave the leased premises in o clean condition free of all traah, debris, personal prnpndy, hazardous materio|e, and environmental contaminants. B. |fTenant leaves any personal property in the leased premises afterTonontaurrendern possession of the leased premises, Landlord m : (1) require Tenant, at Tenant's expense, to remove the personal property by providing written notice toTenant; or retain such personal property as forfeited property to Landlord. C. "Surrender" m he leased premises and returning o| ooeon to Landlord. "Normal wear and� ` tear" means'daterioration that occurs without negligence,-~ carelessness, accident, or abuse. D. By providing written notice to Tenant before and at Tenant's expense, 10 remove, withoutd or all fixtures that were placed on the Property | d y Tenant. Any fixtures that Landlord does not require Tenant' o remove become' the property of the Landlord'and'must ' be surrendered to Landlord at the time this lease ends. 15. 88AINTENANCE AND REPAIRS: A. keep the leased premises clean d sanitary and promptly dispose of all garbage in appropriate receptacles. [D Landlord Q Tenant will provide, at its expense, janitorial services to the leased premises that are customary and ordinary for the property type, Tenant will maintain any grease trap on the Property which Tenant uses, including but not limited to periodic emptying and cleaning, as well as making any modification to the grease trap that may be necessary to comply with any applicable law. (TAR-2101) 1'26'10 Initialed for Identification byLandlord: and Tenant: ��r� . Page 7of15 Produced with z/vmm@orzi»uw/x1omn Fifteen Mile Road,Fraser,Michigan 48o26 ww' Wylie Indus 250 Highway 78 S. Commercial Lease concem�� concerning: TX 75098 B. Each party must promptly repair condition in need of repair that is caused, either intentionally -ornegligently, by that pohv or that portvo guesta, patnono, invitees, contractors or permitted subtenants. C. Repa,ir andMaintenance Responsibility: Except as otherwise provided by this Paragraph 15, the party designated below, at its expense, is responsible to maintain and repair the following specified items in the leased premises (if any). The specified items must be maintained in clean and good operable condition. If a governmental regulation or order requires a modification to any of the specified items, the party designated to maintain the item must complete and pay the expense of the modification. The specified items include and relate only to real property in the leased premises. Tenant is responsible for the repair and maintenance of its personal property. (Check a//that apply.) N/8 Landlord Tenant Foundation, exterior walls, roof, and other structural components �l 2 Glass and windows 3 Fire protection equipment and fire sprinkler systems (4\ Exterior & overhead doors, including closure devices, molding, � locks, and hardware i (5> Grounds maintenance, including landscaping and irrigation � � ayotenne (�\ Interior dooro, including closure devineo, frames, molding, |onka. � � and hardware 7 Parking areas and walks ( � '0 Plumbing systems, drainage systems and sump pumps 9 Electrical syatems, meohon|oe| systems (1 Ballast and lamp replacement 1 Heating. Ventilation and Air Conditioning (HVAC) oynteme (12) Signs and |ighUng' (b) Facia El (d) Door/Suite 0 El Ell ~''~^~~`^ Extermination and" pest control,.=excluding wood-destroying`insects' Fences and Gates ~-~�^ Storage yards and storage bui|dinga-.--~~^~"^-~^~..^,.^°."^~°"^-_ Wood-destroying insect treatment and repairs ----.~..,.....~^ . Cranes and related systems " ~_~ .�� - �~�� ~~_��_� � y"/ 11 (20) All other items and systems,-.............,.^,,,_,_^,............ ,^,,,, D. Repairs must be completed by trained, qualified, and insured repair persons. E. |f Tenant maintains the HVACsyotem under Paragraph 15C(11). Tenant FUio C3 is not required to maintain, at its expense, a regularly scheduled maintenance and service contract for the HVAC system. The maintenance and service contract must be purchased from a HVAC maintenance company that regularly provides such contracts to similar properties. If Tenant fails to maintain a required HVAC maintenance and service contract in effect at all times during this lease, Landlord may do so and Tenant will reimburse Landlord for the expense of such maintenance and service contract or Landlord may exercise Landlord's remedies under Paragraph 20. (T7\R-2101) 1-20 10 |n|do|adfor|dent�cedonby Landlord:��~ . . o `�_ PogoOnf15 pmn"�u�mz�p�m�u'�n�nm1omn�wnnw/�wv�.p�o�.mwmoon�o� ^W�c�x�oW�� Wylie Indus � 250 Highway 78 S. Commercial Lease concemingc TX 75098� F. Common Areas: Landlord will maintain any common areas in the Property in a manner as Landlord determines to be in the beet interest of the Property. Landlord will maintain any elevator and signs in the common area. Landlord may change the oizo, dimension, and location of any common oreaa, provided that such change does not materially impair Tenant's use and access tothe leased premises. Tenant has the non-exclusive license to use the common areas in compliance with Landlord's rules and regulations. Tenant may not solicit any business in the common areas or interfere with any other peraon'ar|ghttouoothecomnnonoreon. Thiapmrognaphdoeanctapp|yifParograph2A(2) opp|iea. G. Notice of Rep-airm: Tenant must promptly notify Landlord of any item that is in need nf repair and that is Landlord's responsibility to repair. All requests for repairs to Landlord must be in writing. H. Failure to Repair: Landlord must make e repair for vvh|oh Landlord is responsible within a reasonable period of time` after Tenant provides Landlord written notice of the needed repair. If Tenant fe||e to repair or maintain an item for vvh|oh Tenant is responsible within 10 days after Landlord provides Tenant written notice of the needed repair or maintananoo. Landlord may: /1> repair or maintain the item, without liability for any damage or loss to Tenant, and Tenant must immediately reimburse Landlord for the cost to repair ormaintain; or (2) exercise Landlord's remedies under Paragraph 20. 16. ALTERATIONS: A. Tenant may not alter (including making any penetrations to the roof, exterior vva||a or foundation), improve, or add to the Property or the leased premises without Landlord's written consent. Landlord will not unreasonably withhold consent for the Tenant to make reasonable non-structural alterations, modifications, or improvements to the leased premises. B. Tenant may not alter any |ooho or any security devices on the Property or the leased premises without Landlord's consent. If Landlord authorizes the chanQing, addition, or rekeying of any |oohn or other security devices, Tenant must immediately deliver the new'keys and access devices toLandlord. C. If governmental order requires alteration or modification to the leased premises, the party obligated to maintain and repair the item to be modified or altered as designated in Paragraph 15 vvi||, at its expense, modify or alter the item in nomp|ionoo with the order and in compliance with Paragraphs 16A mnd17. D. Any a|teroUono, improvements, fixtures or additions to the Property or leased premises installed by either party during the term of this lease will become Landlord's property and must be surrendered to Landlord at the time this lease enUe, except for those fixtures Landlord requires Tenant to remove under Paragraph 11 or14orif the parties agree otherwise inwriting. 17, LIENS: Tenant may not do anything that will cause the title of the Property or leased premises to be encumbered in any way. |fTenant causes a lien to be filed against the Property or leased premises, Tenantwill within 2 after receipt ofLand|nrd'odennend: /1 pay the lien and have the lien | of record; or (2) take action~ to discharge the lien. Tenant will provide Landlord a copy ofany release Tenant obtains pursuant tothis paragraph. 18. LIABILITY: oil patrons; Tenant's invitees; or any other tanant on the Property: B. fire, flood, water leaks, ice, snow. hail, winds, explosion. smoke, riot, strike, interruption-Qf utilities. theft, burglary, robbery. assault, vandalism, other persons. contamin 0-nts. -Q[ other (TAR'2101) 1'20-10 Initialed for Identification byLandlord: 4��~'. . o Page 9nf15 Produced with z/npvrm@»rz/nuwm mo,n Fifteen Mile Road,Fraser,M/cxigan^oozo Wylie Indus 250 Highway 78 S. Commercial Lease concerning: ]mvIie, TX7SOQ8' 19. horm| -f[m any property personal injury. suits, actions, liabilities. cl-a-mages, cost--Qf repairs-a service-Lo- the leased premises-Q[ Property. or_any. other-km caused, otherwise. by that party-Qrthat partvo employees. patrons,-gitests, orinyitees.` 20. DEFAULT: A. If Landlord fails to comply with this lease within 30 days after Tenant notifies Landlord of Landlord's failure to comply, Landlord will be in default and Tenant may seek any remedy provided by law. If, however, Landlord's non-compliance reasonably requires more than 30d to oure. Landlord will not be in default if the cure is commenced within the 30-day period and is diligently pursued. B. If Landlord does not actually receive at the place designated for payment any rent due under this lease within 5 days after it is due. Tenant will be in default. |f Tenant falls to comply with this lease for any other reason within 10 days after Landlord notifies Tenant of its failure to oonnp|y' Tenant will be in default. C. If Tenant in in defau|t. Landlord may, with at least J days written notice to Tenant: /i\ terminate this lease, ii\ torm|nate Tenant's right to occupy the |nouod premises without terminating this lease and may accelerate all rents which are payable during the remainder of this lease or any renewal period. Landlord will attempt to mitigate any damage or loss caused by Tenant's breach by using commercially reasonable means. If Tenant in in defau|t. Tenant will be |iob|o for: 1 any lost rent; (2) Lond|ord'a cost ofre|etting the leased premises, including brokerage fees, advertising fees, and other fees necessary tona|at the leased premises; repairs to the leased premises for use beyond normal wear and tear; (4) oU Landlord's costs associated with eviction of |nnont, such aneoornny'afees, court costs, and prejudgment interest; (5) aU Landlord's costs associated with collection mf rent such as collection fees, late ohargeo, and returned check charges; 6 cost of removing any of Tenant's equipment or fixtures left on the leased premises or Property; (7) ooat to remove any traah, debhn, personal pnopertv, hazardous mataMo|n, or environmental contaminants left by Tenant or Tenant's emp|oyeaa, potrona, gueets, or invitees in the leased premises orProperty; (8) cost to replace any unreturnod keys or access devices to the |oaoad premises, parking areas, or Property; (9) any other recovery to which Landlord may be entitled under this lease or under|evv. 21. ABANDONMENT, INTERRUPTION OF OT|L|T|ES, REMOVAL OF PFKOpERTY, AND LOCKOUT: Chapter 93 of the Texas Property Code governs the rights and obligations regard to: a abandonment of the |oae*d premises-,| (b., in1erruption of utU|Unn; (o) removal of Tenant's property; and (d) "|ook-nut" nfTenant. 22. HOLDOVER: |y Tenant fails to vacate the leased premises at the time this lease ends, Tenant will become m tenant-at-will and must vacate the leased pnam|oeo immediately upon receipt of demand from Landlord. No holding over by Tenant, with or without the consent of Land|0nd, will extend this lease. Tenant will indemnify Landlord and any prospective tenants for any and all damages caused by the holdover. Rent for any holdover period will be 150% of the bone monthly rent plus any additional rent calculated on a daily basis and will be immediately due and payable daily without notice or demand. (7AR' 101) 1'2O'10 Initialed for Identification UyLandlord: . and Tenant: . Page 1Uof15 Produced with z/vForm@uvz/vuw/x 1anm Fifteen Mile Road,Fraser,Michigan 4aozs Wylie Indus 250 Highway 78 S. Commercial Lease concerning: Wylie, TX 75098 23. performance d this lease ront perty. This lease is a security agreement for the purposes of the Uniform Commercial Code. Landlord may file a financing statement to perfect Landlord's security interest under the Uniform Commercial Code. 24. ASSIGNMENT AND SUBLETTING: Landlord may assign this lease to any subsequent owner of the Property. Tenant may not assign this lease or sublet any part of the ]eased premises without Landlord's written consent. An assignment ofthio |oaoeorsub|ettingofthe |eaaedpnamiseawithoutLmnd|ond'awr|tten consent is voidable by Landlord. If Tenant assigns this lease or sublets any part of the leased premises, Tenant will remain liable for all of Tenant's obligations under this |ooee regardless if the assignment or sublease |s made with or without the consent OfLandlord. 25. RELOCATION: ' A. By providing Tenant with not |eoo than 90 days advanced written notice. Landlord may require Tenant to relocate to another location in the Property, provided that the other location in equal in n|zm or larger than the |eoo*d premises then occupied by Tenant and contains similar leasehold improvements. Landlord will pay Tenant's reasonable out-of-pocket moving expenses for moving to the other location. "Moving expenses" means reasonable expenses payable to professional movera, utility companies for connection and disconnection fees, wiring companies for connecting and disconnecting Tenant's office equipment required by the re|ocoUon, and printing companies for reprinting Tenant's stationary and business cards. A relocation of Tenant will not change or affect any other provision of this |oaao that in then in effect, including rent and reimbursement arnnunta, except that the description of the suite or unit number will automatically beamended. �0 B. Landlord may not require Tenant to relocate to another location in the Property without Tenant's prior consent. 26. SUBORDINATION: A. This lease and Tenant's leasehold interest are and will be subject, subordinate, and inferior to: (1) any |ien, encumbrance, or ground lease now or hereafter p|000d on the leased premises or the Property that Landlord authorizes; all advances made under any such lien, encumbrance, or ground lease; the interest payable on any such lien orencumbrance; any and all renewals and extensions of any such lien, encumbrance, or ground lease; any restrictive covenant affecting the leased premises or the Property; and (8) the rights of any owners' association affecting the leased premises or Property, B. Tenant nnuot, on demand, execute o subordination, ottornnOeOt, and non-disturbance agreement that Landlord may request that Tenant ex8oute, provided that such agreement is made on the condition that this lease and Tenant's rights under this lease are recognized by the lien-holder. 27. ESTOPPEL CERTIFICATES &^ FINANCIAL INFORMATION: A. Within 10 days after receipt of written request from Land|ord. Tenant will execute and deliver to Landlord an estoppel certificate that identifies the terms and conditions of this lease. B. Within 30 days after receipt of a written request from Landlord, Tenant will provide to Landlord Tenant's current financial information (balance sheet and income statement). Landlord may request the financial information no more frequently than once every 12months. (TAR'2101)1'20'10 Initialed for Identification byLandlord: ��'''., �� and . Page 11of15 250 Highway 78 S. CommercialLo � 75O�8 ooeconoornin��^w��e, �� 28. CASUALTY LOSS: A. Tenant must immediately notify Landlord of any casualty loss in the leased premises. Within 20 days after receipt of Tenant's notice of a casualty |nao. Landlord will notify Tenant if the leased premises are less than or more than 50Y6 unuoab|e, on o per square foot basis, and if Landlord can substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty loss. B. If the |e000d premises are |oao than 50Y6 unusable and Landlord can substantially restore the leased premises within 120do after Tenant notifies Landlord of the casualty, Landlord will restore the leased premises to substantially the same condition on before the casualty. If Landlord fails to substantially restore within the time naquired. Tenant may terminate this lease. C. If the leased premises are more than 5096 unusable and Landlord can substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty, Landlord may: /1 terminate this lease; or (2) restore the leased pnann|aea to substantially the same condition as before the oonua|h/. If Landlord chooses to restore and does not substantially restore the leased premises within the time required, Tenant may terminate this |eono. O. If Landlord notifies Tenant that Landlord cannot substantially restore the leased premises within 120 days after Tenant notifies Landlord of the casualty loss, Landlord (1) choose not to restore and terminate this lease; or (2) choose to restore, notify Tenant of the estimated time to restore, and' give Tenant the option to terminate this lease by notifying Landlord within 10 days. E. If this lease does not terminate because of a casualty |000, rent will be reduced from the date Tenant notifies Landlord of the 000ue|h/ loss to the date the leased premises are substantially restored by an amount proportionate to the extent the leased premises are unusable. 29. CONDEMNATION: |f after a condemnation or purchase in lieu of condemnation the leased premises are totally unusable for the purposes stated in this lease, this lease will terminate. If after a condemnation or purchase in lieu of condemnation the leased premises or Property are partially unusable for the purposes of this |omag. this lease will continue and rent will be reduced in an amount proportionate to the extent the leased premises are unusable. Any condemnation award o, proceeds in lieu of condemnation are the property of Landlord and Tenant has no claim to such proceeds or award, Tenant may seek compensation from the condemning authority for its moving expenses and damages to Tenant's personal property. 30. NEY'S FEES: Any person who in o prevailing in any legal proceeding brought under or —related to the transaction described in this lease is entitled to recover prejudgment interaot. reasonable attorney's fees, and all other costs of litigation from the nonprevailing party. 31. REPRESENTATIONS: A. Tenant's statements in this lease and any application for rental are motahe| representations relied upon by Landlord, Each part | is lease represents that he or she is of age to into m binding contact and in authorized to sign the lease. If Tenant makes any misrepresentation in this lease orin any application for rental, Tenant ioindefault. B. Landlord is not aware of any material defect on the Property that would affect the health and safety of an ordinary person or any environmental hazard on Or affecting the' Property that would affect the health or safety ofan ordinary person, except: (T7\R-2101) 1-26-10 Initialed for Identification by Landlord: ��~~- . Page 12of15 Produced with Zivporm@»'zipLonu1umu Fifteen Mile Road,Fraser,Michigan 48o26 Wylie Indus -- - 250 Highway 78 S. Commercial Lease concerning: C. Each party and each signatory tothis lease represents that: (1) it is not person named as m Specially Designated National and Blocked Person as defined in Presidential Executive Order 13224; i2\ itiu not acting, directly or indirect|y, for or on behalf of a Specially Designated and Blocked Person; and (3) is not arranging or facilitating this lease or any transaction related to this lease for a Specially Designated and Blocked Person. Any party or any signatory to this lease who is m Specially Designated and Blocked person will indemnify and hold harmless any other person who relies onthis representation and who suffers any claim, damage, loss, liability or expense as a result of this representation. 32. BROKERS: A. The brokers tothis lease are: N/A N/A� Principal Broker =- Lio*noeNo. Cooperating Broker License No. , Agent Agent 'Address - ��-- - - - Adu,ess Phone� '�`--��-�� ~ �ax Phone Fax F-Ma'i| �~ License No.' �-MoU� � �� ` License No. Principal Broker: only one box) Cooperating Broker represents Tenant. represents Landlord only. [] repneaenksTenont only. El is an intermediary between Landlord and Tenant. B. Ej,�u: Cl \ Principal Broker's fee will be paid according to: box). F� ho\ a separate written commission agreement between Principal Broker and: Fl Landlord Fl Tenant. (b) the attached Addendum for Broker's Fee. E] Cooperating Broker's fee will be paid according to: (Check only one box). k d E) (o) o separate written commission agreement between Cooperating Broker and: F] Principal Broker [D Landlord El Tenant. E) (b) the attached Addendum for Broker's Foo, 33. ADDENDA: Incorporated into this lease are the oddanda, exhibits and other information marked in the Addenda and Exhibit section of the Table of Contents. If Landlord's Rules and Regulations are made port of this |eone. Tenant agrees to comply with the Rules and Regulations as Landlord may, at its discretion, amend from time tntime. 34. NOTICES: All notices under this |eoaa must be in writing and are effective when hand-de|ivenad, sent by mmi|, or sent by facsimile transmission to: Landlord at atten: D. Baron Cook. Addreos: 25O Highwav 78=8. . Wvlie, TX 7509/8.'��=� ~�-- Ph 972) 4 2 354I F andacopyto: J. Kent Newsom, Address: 6465 E. Mockingbird, Ste, 450, Dallas, TX 75214 El Landlord also consents to receive notices by e-mail at: (T7\R' 1O1) 1-20 1O Initialed for Identification uyLandlord: and Tenanc Page/3p,/v Produced with Z!pForm@ by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 Wylie Indus 250 Highway 78 S. Commercial Lease concerning: Wylie,�TX75�]98_ Tenant at the leased premises, and a copy to:~ ' D Tenant also consents ho receive notices by e-mail at: , - ' 36. SPECIAL PROVISIONS: 1. Any notices to any party by hand delivery, shall require a written receipt signed by the party receiving the notice or someone employed by such party at the place of notice. 2. Tenant shall share space within the building with other tenants. Tenant shall be entitled to the exclusive use of only those suites within the premises that are so identified on Exhibit &-1 and shall be entitled to non-exclusive use of the common areas so identified on Exhibit 2\-I. Tenant shall be pezmited to install locks on the interior entrance doors to the suites it will 000upay as its exclusive use. Landlord will not become liabiIe for any unauthorized entrance to such suites by any third party who may enter the building. Tenant shall be solely responsible to protect all personal property located within the suites deogioatad for Tenant's exclusive use. 3. In the event the Wylie Chamber of Commerce should default upon its lease in the building, Tenant shall have the option to expand into the space upon the same terms as the lease of the Wylie Chamber of Commerce. If Tenant should refuse to such expansion within 30 days of Landlord's notice that the Wylie Chamber of Commerce is in default, Landlord shall have the right to terminate this Lease to Tenant upon 60 days written notice. 36. AGREEMENT OF PARTIES: . A. This lease contains the entire agreement between Landlord and Tenant and may not be changed except by written agreement. B. 131ndin Effect: This lease is binding upon and inures to the benefit of the parties and their respective he|ro, exenutorn, adminiatratnra, successors, and permitted assigns. C. All Tenants are jointly and severally liable for all provisions of this lease. Any act or notice to, or refund to, or signature of, any one or more of the Tenants regarding any term of this |eneo, its renevvo|, or its termination is binding on all Tenants. O. Controlling Law: The |avva of the State of Texas govern the interpnetoUon, porfonnanoe, and enforcement of this lease. E. If any clause in this lease is found invalid or unenforceable by a court of |avv, the remainder of this lease will not be affected and all other provisions of this lease will remain valid and enforceable. F. Waiver: Landlord's de|ay, vveiver, or non-enforcement of aooe|eradion, contractual or statutory lien, rental due date, or any other right will not be deemed a waiver of any other or subsequent breach by Tenant or any other term in this lease. G. Provided that Tenant is not in default of this |eaoo. Landlord covenants that Tenant will enjoy possession and use of the leased premises free from material interference. (TAR'2101) 1'26'10 Initialed for|U*nUfiood ' Identification �� . . and Tena ' e Page 14of15 Produced with Zinrorm@ovzinuwix 1oum Fifteen Mile Road,Fraser,Michigan 400us Wylie Indus 250 Highway 78 S. Commercial Lease concerning: Wylie, TX 75098 H. Eat ' : If Landlord's performance of a term in this lease is delayed by strike, lock-out, shortage of material, governmental restriction, riot, flood, or any cause outside Landlord's control, the time for Landlord's performance will be abated until after the delay. I. Time: Time is of the essence. The parties require strict compliance with the times for performance. Brokers are not qualified to render legal advice, property inspections, surveys, engineering studies, environmental assessments, tax advice, or compliance inspections. The parties should seek experts to render such services. READ THIS LEASE CAREFULLY. If you do not understand the effect of this Lease, consult your attorney BEFORE signing. Wylie Industrial Court Wylie Economic Development Landlord:Development, Ltd. Tenant: Corporation 1 By: GP -Republic Closing ervices, Inc.. By: By(signature): By(signature . Printed Name: aron Cook Pres. Printed Name: Samuel D. R. Satterwhite . , Title: Title Executive Director By: By: By(signature): By(signature): Printed Name: Printed Name: Title: Title: (TAR-2101) 1-26-10 Page 15 of 15 Produced with DpForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 yAkt&mpLomaorn Wylie Indus Ao8OCIAJDJNOP REALTORSO COMMERCIAL LEASE ADDENDUM FOR EXPENSE REIMBURSEMENT USE op THIS FORM u,PERSONS WHO ARE NOT MEMBERS nr THE TEXAS ASSOCIATION nrpcALr RS@mwnr^vrvvmzco, mm"""A""�/"o"""'��oonv�m"��m ADDENDUM TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE LEASED PREMISES AJ250 Highway 78 8,. Wylie, TX 75098��~ ��~ In addition to rent stated in the lease, Tenant will pay Landlord the additional rent described in this addendum. Tenant will pay the additional rent each month at the time the base-monthly rent in the lease is due. A. Definitions: M> "7enant'opnoraby share"is 25.000 ^96. C2> "CAM"means all of Landlord's expenses reasonably nounod to ma|nta|n, repair, operate, menage, and secure the Property (for example, security, |ighding, painting, c|eoning, deoorad|ono, utiUtieo, trash remova|, peat nontro|, promotional expenoeo, and other expenses reasonably related the Property's operations); CAM does not include capital expenditures, inb*nant, depreciation, tenant improvements, inounanoe, taxem, or brokers' leasing fees Notwithstanding the for*going. CAM does include the amortized costs incurred by Landlord in making capital improvements or other modifications to the Property to the extent such improvements or modifications reduce CAM overall. These costs will be amortized over the useful life of the improvement or modification on n straight-line basis; however, in no event will the charge for such amortization included in CAM exceed the actual reduction in CAM achieved by the improvements and modifications. /3\ 7nnuranoe" meane Landlord's costs to |nauna the leased premises and the Property including but not limited to insurance for casualty loss, general liability, and reasonable rent loss. /4\ "Taxes"means the real property ad valorem taxes assessed against the leased premises and Property inclusive of all general and special assessments and surcharges. (5} "Structural" means all of Landlord's expenses reasonably incurred to maintain, repair, and nap|oca the roof, foundation, exterior walls, load bearing walls and other structural components of the Property. B. Method: The additional rent will be calculated under the following method: Not*: "CAM"does not/no/udo tau(ou and insurance costs. [� (1) Base-year expenses: Each month Tenant will pay Tenant's pro rota share of the projected monthly expenses for the Property that exceed the amount of the monthly base-year expenses for the calendar year. for Q taxes; U insurance; U C/\K4; U structural; and Q [� (2) month Tenant will pay Tenant's pro rata share of the projected monthly expenses for the Property that exceed $. . per square foot per year for: U toxno;Q insurance; EJCAM; Q structural; and U 0 /3> Net: Each month Tenant will pay Tenant's pro rate share of the projected monthly expenses for the Property for: U taxes; U insurance;0 CAM; Q structural;and M all other xxou-capital maintenance expenses relating tothe building and 2parking lot. C. Projected Monthly Expenses: On or about December 31 of each calendar year, Landlord will project the applicable monthly expenses (those that Tenant is to pay under this addendum) for the following calendar year and will notify Tenant of the projected expenses. The projected expenses are based on Landlord's estimates of such expenses. The actual expenses may vary. �� ./ �7\R�1U3) 1�O 1O |n�o|odfor|denU�unUonbyLand|ond��-~�-. . and . Page of ~ // ~~,,^° nu/ °�r~p ,xo� ��.ncs.�� mm: o�o5,5za ,rwuou - Wylie muw Produced uuu,u z/npm=movz/vu,o/x 1oom Fifteen Mile Road,Fraser,Michigan 400xs awwyjz(uLmw�w�w Expense Reimbursement Addendum concerning 250 Highway 78 S. , Wylie„ TX 75098 Notice: The applicable projected expenses at the time which the above-referenced lease commences are shown in the table below. The total area of the Property presently used by Landlord for calculating expense reimbursements is TBD rentable square feet (including any add on factor for common areas). Projected Expenses $ Monthly Rate $ Annual Rate / rsf/ month / rsf/year D. Recoriciliation.: Within a reasonable time after the end of each calendar year, Landlord will notify Tenant of the actual costs of the applicable expenses (those that Tenant is to pay under this addendum) for the previous year. If the actual costs of the applicable expenses exceed the amounts paid or owed by Tenant for the previous year, Tenant must pay the deficient amount to Landlord within 30 days after Landlord notifies Tenant of the deficient amount. If the actual costs of the applicable expenses are less than the amounts paid by Tenant for the previous year, Landlord will refund the excess to Tenant or will credit the excess to Tenant's next rent payment. Tenant may audit or examine those items in Landlord's records that relate to Tenant's obligations under this addendum. Landlord will promptly refund to Tenant any overpayment revealed by an audit or examination. If the audit or examination reveals an error of more than 5% over the amounts Landlord collected in a calendar year from Tenant under this addendum, Landlord will pay the reasonable cost of the audit or examination. Landlord may not seek a deficiency from Tenant under this paragraph if Landlord fails to timely provide the required notice. E. apecial Provisions: Wylie Industrial Court, Wylie Economic, Development Landlord:Development, Ltd Tenant Corporation By: GP -Republi Closing' ervices, Inc. By: By(signature): By(signatur Printed Name:jp, Baron Cook, Pres Printed Name: Samuel D. R. Satterwhite Title: Title:Executive Director By: By: By(signature): By(signature): Printed Name: Printed Name: Title: Title (TAR-2103) 1-26-10 Page 2 of 2 Produced with ZipFormO by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 imet.Z.12LOgbr.Cani Wylie Indus ~~ — TEXAS ASSOCIATION OF REALTORS@ COMMERCIAL LEASE ADDENDUM FOR EXTENSION OF TERM USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORSO IS NOT AUTHORIZED, mm="Association"/mEAcmRS@,Inc.20,o ADDENDUM TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE LEASED PREMISES #J25V Hiohway 78 S. , Wylie, TX 75098 A. At Tenant's option. Tenant may extend the term cfnbnve'roferenced |eoaa for ^ one additional harnn(o) of 60 ^`months each. The first additional term commences upon the expiration of the term stated in the lease and any subsequent additional term romnnoncoo upon the expiration of the then applicable extended term. B. Tenant may exercise Tenant's option(s) to extend under Paragraph Aun|y by providing written notice to Landlord otleast gO days before the end of the then current term of the lease. C. Tenant may not exercise Tenant's option(s) to extend under Paragraph A if the lease in terminated before Tenant exercises its option to extend or Tenant is in breach of the lease at the time Tenant exercises its option to extend. D. During the additional term(s), all provisions of the lease will continue as in effect immediately before the extension(s) nomnnanoeo except the bman monthly rent during the additional tonn(a)will be: -'Dat�n— l Rate rentable | Base Monthly' From To $ Monthly Rate $ Annual Rate Rent $ Q (2) U.S. City All Items", issued by the Bureau of Labor Statistics of the U.S. Department of Labor. The adjustment will be determined by multiplying the base monthly rent for the last month of the lease by the following fraction: (i) the numerator will be the published index number for January in the year the additional term commences; and (ii) the denominator will be the published index number for January in the year in which the original lease term commences. ' Q /3> Ule prevailing nanba| rate on the 45th day before the additional term commences for pnonliaee of comparable size, quality, condition, improvements, utility, location, and length of term for tenant's of similar credit standing as Tenant, E. If Paragraph D(3) applies and the portion do not agree on the amount of the prevailing rental rate for the additional term before the 30th day before the additional term commences, each party will employ m state-certified appraiser and deliver the appraiser's written opinion of the prevailing rental rate to the other (TAR-2104) 1-26'10 Initialed for Identification byLandlord: and Page of Phone:555�55,5555 Fax: 555.555�5555 ~rmmmn Wylie Indus Produced with Zinronn@u'z/nu,nmmmn Fifteen Milo Road,Fraser,Michigan 4omo ywj�*4Qgm&oM 250 Highway 78 S. Addendum for Extension Option concerning Wylie, TX 75098 party not later than the 15th day before the additional term commences. If the appraisers' opinions do not vary by more than 10`)/0, the prevailing rental rate will be the average of the two opinions. If the appraisers° opinions vary by more than 10%, the appraisers will jointly select a third appraiser whose fees will be shared equally by the parties. If a third appraiser is engaged, the prevailing rental rate will be the average of the two opinions that are closest in amount. If either party fails to employ or timely deliver an appraiser's opinion as required by this paragraph, the opinion rendered by the appraiser employed by the other party will determine the prevailing rental rate. F. Special FrQViSiCii1S: Wylie Industrial Court, Wylie Economic, Development Landlord:Development, Ltd Tenant: Corporation By: GP —Repub.]; Closing Se ices Inc. By: By(signature) r: By(signature Printed Name p Baron Cook, Pres. Printed Name: Samuel D R Satterwhite Title: Title:Executive Director By: By: By(signature): By(signature): Printed Name: Printed Name: Title: Title: (TAR-2104) 1-26-10 Page 2 of 2 Produced with ZipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 Wygm21012601CC0M Wylie Indus �� 1B}{��s ^ ^"8OClA]OONOFREALT0Il3S COMMERCIAL LANDLORD'S RULES AND REGULATIONS USE op THIS FORM a,PERSONS WHO ARE NOT MEMBERS mp THE TEXAS ASSOCIATION opncALr RSOmwm^vnmnaEo. mm,""Association"'ns^oonm*Inc.,o,v REGARDING THE COMMERCIAL LEASE CONCERNING THE LEASED PREMISES AT25O 8iqhway7O S, Wylie, TX 75098 NOTICE: These rules and regulations are adopted to maintain and enhance the safety and appearance of the Property. From time to time Lond|ond, at its dimoretinn, may amend these rules and regulations for the purposes for which they were 8dopted. Under the above-referenced |eGae. Tenant agrees to comply with these rules and regulations as they may be amended. Exceptions or waivers must be authorized by Landlord in vvhUng. "Property" means the building or complex in which the leased premises are |oomt*d, inclusive of any common areas, drives, parking areas, and walks, and landscaped areas. A. Goodm, nnorohandiGe, aquipmant, or any personal property may not be stored on the Ppopertv, except for inventory within the leased premises necessary for Tenant's normal business operations. B. Food is not permitted on the Property, except as inventory for sale and for a nnnaU amount of food for Tenant's personal consumption. O. Other than those provided by Landlord or specifically authorized by Landlord, no vending machines are permitted on the Property. D. The Property may not be used for lodging or sleeping quarters in any manner, E. Unless authorized by law or the lease, no animals may be brought or kept on the Property. F. No obstruction or interference that impedes use of the common areas, vvo|ka, drives, loading arean, parking areas, corridors, hallways, vestibules, and stairs is permitted on the Property. G. Persons parking on the Property must comply with all posted signs and directions regulating the parking ap*mm. H. No flommab|e, toxic, noxioum, or hazardous materials may be kept on the Property except for over-the-counter cleaning materials kept in enclosed storage closets orcabinets. |. Tenants moving in or out of the Property must use only the service entrances and service elevators during the move. All moves must be made at times that do not cause inconvenience in the normal use of the Property. ' J. OeUvehao and shipping of goods and noannhmndine in or out of the Property must be made only through the service endnances, service elevators, loading dooha, or other designated shipping and receiving areas. Shipments and deliveries must be made at times that do not cause inconvenience totenants or patrons on the Property. K. Leased pnomiaan must be kept clean and free of debris. Trash must be deposited into appropriate receptacles. Trash receptacles controlled by Tenant must not be allowed to ovarOow, attract rodents or vermin, or emit odors. _ (T4R'2108) 1'26'10 initialed for Identification hyLandlord: ,A, � . . and Tenant: . Pogo 1 of ~1/ ~~° ° o�/ I �^ v�v�:555.555.5555 Fax: 555�555.5555 ~axmun Wylie Indus �� pmounvu*xxz/nron"@orz/vuwu 1mnupmvvnmo Fr aser, 9&fmz[vLfm1x,F9nj Landlord's Rules and Regulations concerning 250 Hiqhway 78 S` . »Vd'ie, TX 75098 L. Repair requests must be submitted to Landlord in writing in compliance with the lease, M. No modification to the Property and leased premises may be made unless authorized by Landlord, in writing, or permitted by the lease. N. No illegal or offensive activity is permitted on the Property nor is any activity that constitutes o nuisance or interferes with the rights of other tenants. (}. Unless specifically authorized by Landlord, no solicitation or business operations are permitted in the common areas. P. Other: (TAR' 1OO) 1-20 10 initialed for Identification byLandlord: m��—._ .and Tenan � Poge2of2 ` pmu�e mmz�p�m�u'�v�o� �xmnp�*nw�no�.rmo � ��o�m��, Wylie Indus r __ ______ _______i W.P./LOCKAB LE I WP/LOCK ABLE 1 W P./LOCKABLE I 1 OUTLET N SOFFIT r` ,..... . .-----'----- OUTLET IN SOFFIT $ '--------", *4-* f".-1-.7 1 1.14-?.. .. .1'1-'r- I 1•1 r-t. - ---- --5., 1 HOSE BIBB - I LOCKABLE .......- ' I I -.g -1 I iliOSE BIBB - ,- --'\'''.N.-- !:::' ,,„,„ OFFicE' 1 t i„.,.1 1 -r-- •i.:,. , ri It_b , .4.. -1 0 g k 3 1 sx121 i .,,, 0---1, .--r, 1 LOCKABLE -, +L.-)t t I r---- 7 t 1 t 1._ . -4 STORAGE ,.;71.8 L. 1- t. - -I L____4 .4...,17 t , 9X j -[ ! ..- OFFICE -Ali- 0,,, i .7 7_ .........4 : - I el, 1 I I; 117.,J?.=. r 1 F-1 t 11.2x141 i „ 112.x14-1 4 i t if , i t i t 1 '''-' t...-4 h.-4 * 1 4111r. r---1 0. r----1 t -.L.* -II ;10 It 1 I I t: 1_..._ -A,r 'tk, _a_ il 1 J _ .., .,.........J f.:=. c.... ., ••• . r-------.-----.-,-. .......-.......-----.1 --I 4. a. . ....1 .... 11 OFFICE .t. I WORK AREA 4. 1 DISHWASHM T`' i °Fit5771.EFICLE-jri marl SINK *X13 1-3X2.7 ''."""""' .„....., I 1; - .. -[4 -, ., 47-ISMM/ ---/ r-11 --; ,,....4,i . ,,. °'-ii--- I ----; ; It 16IMINIIII.11ir'-'' 4111'‘-'I' It 4 H . oFfie i 11 oFF.E v„,,, ,f-- ,BREAK ritilliMill 0 it.-4-1 11 0 0 I 15 , 11=161 UMW g 11M1 1;44 iir401 illir 1 t -41- .i. r---g I'' 'Illiile; Tallnik I 1 'Lt.. Jr ' 1 1 ro, ..b .r- t U i .: Q Ft-i tt[IM, 1 g II 1 A ies [..._ A L..,i, 1 l'• '-. II i .,.,,. 1C i p 1 Lil ir.,, li ,ii; _..-1,7- ... ,,_, r VENDING .to T, - WING 1 t 10 1 I -it I t 1.-e ..... _ - 11 .1t 1 1 li5x221 ; 1 1 .4-.)' 1. I I_ tr..., I I' 'is, q ' '''''' r re --, , OFFICE 0 1 kJ: , haxiDi II IBC 61 4 a . -, I 1--..-1,;;A A l' ---tt-r i, 4-v_."..t..4.-. 7-- ;0,-, .,., „ i „,..., it .......,,,..--_=at:1•" """"gmCge.: r=1 i t 1 / 1 t a -At t limumest 1 MP - t. 0 .,,S,„ ',....- kr ' ''l 11 ,1 'Si I. f" a-.."'i 1 i 1' .."...../ _..1.1.......... ,,,,,,,....,,,,„,,,,,...,„....„..„.,,,,,Fff,1 4 r--1 I---4 - I--4 41/111/11/11/1 4-,,,„"..."_,"d!li4t !" S' 4111111114.111114k 06 4$ -07 4, I .OFFIC 41. g g 7"--E- \ 1 1-REeErf Otto--'7L g---, -± t--,- 1 ' .--- Oi k i 0 ' I of-FiCE 1,ip I g F 1 I I 1 I 1 771"10 'I. 110X/21 irl I : I I I : 1 ,..11. r-- -1 r-le 11 i' ' tr-; r _ p.- ,• s. . tZMMIIIIMINI tr ,,:g , ---,, , i , I 1 1 01 11-4 , , , ---0, :0 1 11 i I ri '1 i I 1 I a 1 1r- s 1 / t HIGH FOR I 4. t MONITOR t I $$$ r , MEETA. I- 1 71r1 r-i-ir, 7,._ --..„...n L it , tz? OFFICE : .1: 1 , -g. FOYER tt,,,,jj i i . ETIM _ ! aFFIttV El ..i'r- 06x161 ---ii, I 1)2x1.21 ! ..-z, boil 4.1 13-ri 4$tf' ICZ102., 91. 1 i $ ' 1 4 gr , 4,-_, 4 "IL '.. II ekThs -1-Iis r-g IIp p -11 1 ; p R i .--;,1 ,t;.2 ; .41Nrigleirstw'--' di *-;-; ; 1),itsirto ; 4--- : 't.0 "I d l• kJ! 11-1 ,,,_1. _I 1 t-',.--' ' --24; (7'.'-1 -,-„-';; -. N, r-T1 1 I i _ r-i I 1 t,. D ---t '7.: t '"'s,t. ..„-A" I 6 .t., f 4,- lv---.‘ IN i- •L---)7. •.7 ,7-...r4 ii:„..,.......1.7.717---. .............. 41.,.„. -_ 1 ._ .-k,.....- _ ....z,„, 7. . - t. p, 11•111111111it.MINIIIIIIMMUre.....rt.40 .=e.,,... ;;-: - i OUTLET IN SOFFIT 1 / t / OUTLET IN SOMT ,____________-__---. 6 tI4*--.6.111'-' --W P.A_OCK,ABLE ,Sft,.'„"f..1, ', L d _:... 1 1.---,--t __.-..........______ -4-,----= f - ,„ I I .._„_, 4-.-t - 4 HOSE BIBB - $ OUTLET IN $ t OUTLET IN LOCKABLE HIGH SOFFIT L __ ___ ________.; _j HIGH SOFFIT GENERAL ELECTRICAL NOTE: OWNER INTENDS TO USE POWER STRIPS IN ASSOCIATION WITH THE OUTLETS AT EACH DESK LOCATION GENERAL ELECTRICAL NOTE: POWER PANEL SHALL BE SIZED FOR FUTURE ADDITION OF OFFICES ON SECOND FLOOR TEXAS As s oCIATION OF REALTORS® COMMERCIAL LEASE USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORSV IS NOT AUTHORIZED ©Texas Association of REALTORSO,Inc.2010 1. PARTIES: The parties to this lease are: Landlord: Wylie Industrial Court Development, I,td, ; and Tenant: Wylie Economic Development Corporation 2. LEASED PREMISES: A. Landlord leases to Tenant the following described real property, known as the "leased premises," along with all its improvements (Check only one box): (1) : Suite or Unit Number containing approximately square feet of rentable area in see Attached Exhibit A (project name) at 250 Highway 78 S. (address) n wylie (city), Collin (county), Texas, which is legally described on attached Exhibit A or as follows: and the flcorPlan attached as Exhib.it A-1 E3 (2) Si gle-Tenant Property: The real property at: (a d dre s s) in (city), (county), Texas, which is legally described on attached Exhibit or as follows: B. If Paragraph 2A(1) applies: (1) "Property" means the building or complex in which the leased premises are located, inclusive of any common areas, drives, parking areas, and walks; and (2) the parties agree that the rentable area of the leased premises may not equal the actual or useable area within the leased premises and may include an allocation of common areas in the Property. The rentable area will X will not be adjusted if re-measured. 3. TERM: A. Term: The term of this lease is 60 months and 0 days, commencing on: December 1, 2010 (Commencement Date) and ending on November 31, 201 (Expiration Date). (TAR-2101) 1-26-10 Initialed for Identification by Landlord: , , and Iona , Page 2 of 15 Produced with ZipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 3tVaa2IPIAIIXL3/111 Wylie Indus . . ~ %5O Highway Commercial Lease concerning: Wylie, TX� B. If Tenant is unable to occupy the leased premises on the Commencement Oab* because of construction On the |a8S8d premises to be completed by Landlord that is not substantially complete or a prior tenant's holding over of the leased premises, Landlord will not be liable to Tenant for such delay and this lease will remain enforceable. In the event of such a delay, the Commencement Date will automatically be extended to the date Tenant is able to occupy the Property and the Expiration Date will also be oKt8Odnd by o like OVOlbn[ of days, 3o that the length of this lease remains unchanged. If Tenant is unable to occupy the |aosnd premises after the 90th day after the Commencement Date because of construction on the leased premises to he completed by Landlord that is not substantially complete or a prior tenant's holding over of the leased premises, Tenant may terminate this |nmnn by giving written notice to Landlord before the leased premises become available to be occupied by Tenant and Landlord will refund to Tenant any amounts paid to Landlord by Tenant. This Paragraph 3B does not apply to any delay in occupancy caused by cleaning or repairs. C. Unless the parties agree otherwise, Tenant is responsible for obtaining o certificate of occupancy for the leased premises if required byo governmental body. 4. RENT AND EXPENSES: A. R t: On or before the first day of each month during this lease, Tenant will pay Landlord base monthly rent as described on attached Exhibit 2,000 � ' orasfollows: Datesqr rentable foot Monthly -7 Rate per scuare From - To $ Monthly Rate - $ Annual Rate Rent $ _ I r5f � `year 1cu /umno //m// year' ��~�'~~~~ `�—/rnf/ year,-�- �� EL will d| nd all other amounts, as provided by the attached (Check all that apply.): (1) Commercial Lease Addendum for Expense Reimbursement(TAR-2103) (2) Commercial Lease Addendum for Percentage Rent (TAR-2106) (3) Commercial Lease Addendum for Parking (TAR-2107) ` ./ _____ All onnoUnhs payable under the applicable addenda are deemed to be "rent" for the purposes of this lease. C. Rent:The first full monthly rent is due on or before _ - Decembez`z' 3010 D. If the Commencement Date is on a day other than the first day of month. Tenant will pay Landlord as prorated [ent, on amount equal tothe base monthly rent multiplied by the following fraction: the number of days from the Commencement Date to the first day of the following month divided by the number of days in the month in which this lease commences, The prorated rent is due onor before the Commencement Date. E. Place Qf Payni Tenant will remit all amounts duo Landlord under this lease to the following person at the place stated or to such other person or place as Landlord may later designate in writing: Namsc Address: . ,.Wylie,�Texa4 75098 (T7\R-2101) 1'26'10 Initialed for Identification by Landlord:/�~-- ' . andTenant- PageJof15 Indusp�,��nL� 1o�p��.��m��4o� ��' Wylie 414 TEXAS ASSOCLATION OF REALTORS® COMMERCIAL LEASE ADDENDUM FOR EXTENSION OF TERM -SE OFThis.=C,n4+.:3Y ?.SONS341-CA 5.NOT ME F$OFTH:T AASAaxcc-f.?in .N;', 9EALT iriStSNO.T ALT OF D. Tits Zssr atto of REALTCRS ,tne.2010 ADDENDUM TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE LEASED PREMISES AT ,, {Nvu ( f S A. At Tenant's option. Tenant may extend the term of above-referenced lease for additional term(s) of i2- months each..The first additional term commences upon the expiration of the term stated in the lease and any subsequent additional term commences upon the expiration of the then applicable extended term. B. Tenant may exercise Tenant's option(s) to extend under Paragraph A only by providing written notice to Landlord at least days before the end of the then current term of the lease. C. Tenant may not exercise Tenant's option(s) to extend under Paragraph A if the lease is terminated before Tenant exercises its option to extend or Tenant is in breach of the lease at the time Tenant exercises its option to extend. D. During the additional term(s), all provisions of the lease will continue as in effect immediately before the extension(s) commences except the base monthly rent during the additional term(s) will be: (Check(1). ()or(3) only.) O Dates Rate per rentable Tare foot (optional) ! Base Monthly From j To $ Monthly Rate $Annual Rate Rent $.5tz- :CatiN�1A04 t"Lae, Z't .4.3k /rsf I month, !rsf/year, ,* 2Z . 1 rsf,/month[ !rsf f year [ I rsf/month I /rsf/year /rsf/month) irsf/year I f rsf month], /rstJyear (2) adjusted to reflect increases in the Consumer Price Index for "All Urban Consumers, U.S, City Average, Ail Items", issued by the Bureau of Labor Statistics of the U.S. Department of Labor.The adjustment will be determined by multiplying the base monthly rent for the last month of the lease by the following fraction: (i) the numerator will be the published index number for January in the year the additional term commences; and (ii) the denominator will be the published index number for January in the year in which the original lease term commences. (3) the prevailing rental rate on the 45th day before the additional term commences for premises of comparable size, quality, condition. improvements, utility, location, and length of term for tenants of similar credit standing as Tenant. E. if Paragraph D(3) applies and the parties do not agree on the amount of the prevailing rental rate for the additional term before the 30th day before the additional term commences, each party will employ a state-certified appraiser and deliver the appraiser's written opinion of the prevailing rental rate to the other + R-2104 1-26-10 inftiaied for identif€cation by Landlord: Page 1 of 2 pee iT } and Term . Commercial Lease Prowl wtM itlpForme uy zipLagix 15070 Fear,Mile Roan,Fr-.ser,Michigan 43C25 wwled zioLoctx. m Adaendon for E ension Option m7-Parµing, "^ db-V 7..J (%r, TT party not later than the 15th day before the additional term commences. if the appraisers' opinions do not vary by more than t 0%, the prevailing rental rate will be the average of the two opinions. If the appraisers' opinions vary by more than '0%, the appraisers will jointly select a third appraiser whose fees will be shared equally by the parties. If a third appraiser is engaged; the prevailing rental rate will be the average of the two opinions that are closest in amount. if either party fails to employ or timely deliver an appraiser's opinion as required by this paragraph, the opinion rendered by the appraiser employed by the other party will determine the prevailing rental rate. P. Special Provisions; Landlord: i, � l s --+ti z `� f � Tenent: 0,1` tom: ..i epic p r^ €34 -10'6 By: 1 n C= `z�- Zaf W.t► t By: By (signature): By(signature): :L— Printed Name: Printed Name: 3 A.- --"fref Tr€e: Title: T Y t; -'' By (signature): By(signature): Printed Name: Printed Name: Title: Title: (TAR-2 i 04) t-26-10 Page 2 of 2 P cdz ceb'with Z%rorrr&ay zipLagix 18C70.Fifteen Mile FrGS Fraser.Michigan 48025 wwwzi L3ctix_,--3,m Comm reial Lease 4 -4 ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: June 16,2021 Item Number: DS2 (Staff Use Only) Department: WEDC Prepared By: Jason Greiner Account Code: Date Prepared: 6/9/21 Exhibits: Subject Discuss issues surrounding Wylie EDC loans. Recommendation No action is requested by staff for this item. Discussion Staff will present various loan options during the meeting. Page 1 of 1 4 4 a ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: June 16,2021 Item Number: DS3 (Staff Use Only) Department: WEDC Prepared By: Jason Greiner Account Code: Date Prepared: 6/9/21 Exhibits: Subject Discuss issues surrounding the FY 2021-2022 Wylie EDC Budget. Recommendation No action is requested by staff for this item. Discussion Staff will discuss the FY 2021-2022 Wylie EDC Budget. Page 1 of 1 4 -4 ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development Board AGENDA REPORT Meeting Date: June 16,2021 Item Number: DS4 (Staff Use Only) Department: WEDC Prepared By: Jason Greiner Account Code: Date Prepared: 6/9/21 Exhibits: Subject Staff report: WEDC Property Update, Downtown Parking, WEDC Office/Insurance Claim, Engineering Report, Upcoming Events,New Board Member Handbook, and WEDC Activities/Programs. Recommendation No action is requested by staff for this item. Discussion Staff will lead a discussion regarding WEDC Properties, Downtown Parking, WEDC Office/Insurance Claim, Engineering Reports,New Board Member Handbook,and an overall review of issues surrounding WEDC Activities and Programs. Page 1 of 1 2021 May Board Meeting—19th Day Time Meeting/Event 3-7 Small Business 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—Wylie Young Professionals Event—Fish N'Tails 5 SBW—Cinco De Mayo Promotion 6 Christian Prayer Breakfast of Collin County 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—In-Sync Exotics- Mother's Day Event 9 SBW—Mother's Day Promotion 9-15 Economic Development Week 11 6:00 pm City Council-Economic Development Week Proclamation 15 City of Wylie Boards&Commissions Application Deadline 19 8:30 am WEDC—Board Meeting 25 6:00 pm City Council 25-26 ICSC RECon Digital- Virtual CLOSED emorial Day 2021 June Board Meeting—16th Day Time Meeting/Event 7-8 IEDC Economic Future Forum—Spokane 8 6:00 pm City Council 9-10 TEDC Mid-Year Conference- Frisco 16 8:30 am WEDC- Board Meeting 17 10 am-3 pm North Central Texas Career Fair(virtual) 19-23 IAMC Spring Professional Forum-Ft.Worth-jg 22 5:30 pm Reception for Outgoing Board/Commission Members-City Hall 22 6:00 pm City Council 23 4:30 pm Orthopaedic Specialists of Wylie- Ribbon Cutting 26 Bluegrass on Ballard 29 11:30 am Wylie Chamber of Commerce—Monthly Luncheon 2021 July Board Meeting—21st Day Time Meeting/Event 4 Su ay 4t h of Judy i epeindeince Day _.... CLOSED _.... bservance of 4th of luly IaneggridenceC y 7 8:30 am Potential Special-Called WEDC Meeting(Budget Wrap-Up) 13 Bisnow—The Evolution of DFW Office- jg 13 6:00 pm City Council-WEDC Budget Work Session with Council 21 8:30 am WEDC- Board Meeting 27 6:00 pm City Council- FINAL Budget Work Session Around the Corner... • TEDC Sales Tax Training o Virtual—August 13-27 o Garland/Richardson—September 17 • Manufacturing Day Proclamation—September 28 • Manufacturing Day—October 1 • IEDC Annual Conference-October 3-6, Nashville • TEDC Annual Conference—October 13-15, Fort Worth • TEDC Basic Economic Development Course—October 25-29, Fort Worth • CSEF Conference—October 28-29,San Diego • TDA Conference—November 2-6, Denton • ICSC- Here,We Go. 2021- December 5-7, Las Vegas Convention Center