05-19-2021 (WEDC) Agenda Packet Wylie Economic Development Corporation
Regular Meeting YLIE, � X
ECONOMIC DEVELOPMEN T CORPORATION
May 19, 2021 —8:30 a.m.
Council Conference Room- 300 Country Club Road, Building#100, Wylie, TX 75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
COMMENTS ON NON-AGENDA ITEMS
Any member of the public may address the Wylie EDC Board regarding an item that is not listed on the Agenda. Members of
the public must fill out a form prior to the meeting in order to speak. Wylie EDC requests that comments be limited to three
minutes for an individual, six minutes for a group. In addition, the Wylie EDC is not allowed to converse, deliberate or take
action on any matter presented during citizen participation.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the Wylie EDC and will be enacted by one motion.
There will not be separate discussion of these items.If discussion is desired, that item will be removed from the Consent Agenda
and will be considered separately.
A. Consider and act upon approval of 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.
DISCUSSION ITEMS
1. Discuss issues surrounding the FY 2021-2022 WEDC Budget.
2. 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.
ES 1. Consider the sale or acquisition of properties located at FM 544 and Cooper, Jackson and Oak,
Regency and Steel, State Hwy 78 and Alanis, State Hwy 78 and Birmingham, State Hwy 78 and
Brown.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a
business prospect and to discuss the offer of incentives for Projects: 2017-10a, 2018-9b, 2020-
1 lb, 2021-2a, 2021-2b, 2021-4a, 2021-4b, 2021-4c, 2021-4d, 2021-5a, and 2021-5b.
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 May 14, 2021 at 5:00 p.m. on the outside bulletin board at Wylie
City Hall, 300 Country Club Road, Building 100, Wylie, Texas, a place convenient and readily accessible to the
public at all times.
Stephanie Storm, City Secretary Date Notice Removed
The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled
attendees must be requested 48 hours in advance by contacting the City Secretary's Office at 972-516-6020.Hearing
impaired devices are available from the City Secretary prior to each meeting.
If during the course of the meeting covered by this notice, the WEDC should determine that a closed or executive
meeting or session of the Corporation or a consultation with the attorney for the City should be held or is required,
then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open
Meetings Act, Texas Government Code § 551.001 et. seq., will be held by the WEDC at the date, hour and place
given in this notice as the WEDC may conveniently meet in such closed or executive meeting or session or consult
with the attorney for the City concerning any and all subjects and for any and all purposes permitted by the Act,
including,but not limited to, the following sanctions and purposes:
Texas Government Code Section:
§ 551.071 —Private consultation with an attorney for the City.
§ 551.072—Discussing purchase, exchange, lease or value of real property.
§ 551.073 —Discussing prospective gift or donation to the City.
§ 551.074—Discussing personnel or to hear complaints against personnel.
§ 551.076—Discussing deployment of security personnel or devices or security audit.
§ 551.087—Discussing certain economic development matters.
Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
April 21, 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 8:33 a.m. Board Members present were John
Yeager,Melisa Whitehead, and Gino Mulliqi.
Ex-Officio Members Mayor Matthew Porter and City Manager Chris Hoisted were present.
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 Minutes from the March 31,2021 Regular Meeting and April
5,2021 Special Called Meeting of the WEDC Board of Directors.
B. Consider and act upon approval of the March 2021 WEDC Treasurer's Report.
Board Action
A motion was made by Melisa Whitehead, seconded by John Yeager, to approve the Consent Agenda
as presented. A vote was taken, and the motion passed 4-0.
DISCUSSION ITEMS
1. 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 revenues were up over 8%for the April allocation. Staff is working on property
maintenance and various code compliance issues related to grass and parking on Wylie EDC-owned
properties. Staff updated the Board regarding the insurance claim filed due to ice storm/flooding at the
Wylie EDC offices, noting that the insurance recovery has been received, construction is nearing
completion,and the process of equipment/furniture replacement will soon take place. FY 21-22 Budget
preparation will be upcoming and ongoing over the next several months.
Staff discussed Bisnow events and the possibility of arranging meetings with developers that are active
elsewhere in Collin County. Those developers are responsible for the various projects along DNT &
121 and could help shape the masterplan of the City's 19-acre tract. The CTE Advisory Board will be
holding its first "signing ceremony" to celebrate internship opportunities for students. Staff called the
WEDC—Minutes
April 21, 2021
Page 2 of 2
Board's attention to the upcoming State of the City address and Leadership Wylie presentation from
Wylie EDC. Staff discussed the full schedule of activities programmed for Small Business Week from
May 1st- May 8`h, featuring the "#ishopwylie" social media campaign that will coincide with the week
of events. Staff noted that the Proclamation for Economic Development Week will take place at the City
Council Meeting on May 11rh
Staff highlighted the inclusion of the quarterly Housing Report and Inventory Subledger, as well as
articles and advertisements within the Board packet. Staff discussed the scheduling of the June meeting
and will coordinate with the Board to finalize a June meeting date.
EXECUTIVE SESSION
Recessed into Closed Session at 8:49 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,
2021-1f, 2021-2a,2021-2b,2021-4a and 2021-4b.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
President Demond Dawkins reconvened into Open Session at 10:18 a.m.
FUTURE AGENDA ITEMS
There were no Items requested for inclusion on future agendas.
ADJOURNMENT
With no further business, President Dawkins adjourned the WEDC Board meeting at 10:18 a.m.
Demond Dawkins,President
ATTEST:
Jason Greiner,Executive Director
�a
ECONOMIC DEVELOPMENT PMENCORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: May 19,2021 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 April 2021 WEDC Treasurer's Report.
Recommendation
Motion to approve the April 2021 WEDC Treasurer's Report.
Discussion
Presented for the Board's review and approval is the April 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 February, allocated in April, was $221,881.55, an increase of 8.82% over the
same period in 2020.
$54,545.27 allocated for Insurance Recoveries.
EXPENSES:
$54,545.27 allocated to Operating Expenses to fund replacement as part of the insurance recovery.
BUDGET AMENDMENTS (Approved 3-31-21):
$24,500 Special Services (Demolition Expense- 201 Industrial Court)
$883,680 Infrastructure Projects (NTMWD water line relocation)
Page 1 of 1
Wylie Economic Development Corporation
MONTHLY FINANCIAL REPORT
April 30,2021
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/BaI Sheet $ 1,407,509.00 $ 2,267,824.99
SALES TAX $ 2,968,437.00 $ 221,881.55 $ - $ 1,433,285.66 $ - $ 1,535,151.34 48.28% A
ALLOCATED INTEREST EARNING: $ 6,000.00 $ - $ - $ 471.01 $ - $ 5,528.99 7.85%
RENTAL INCOME $ 153,240.00 $ 20,205.00 $ - $ 74,155.00 $ - $ 79,085.00 48.39%
GAIN/LOSS-SALE OF PROPERTY $ 164,500.00 $ - $ - $ (31,208.00) $ - $ 195,708.00 -18.97%
INSURANCE RECOVERIES $ 54,545.27 $ 40,614.11 $ - $ 40,614.11 $ - $ 13,931.16 74.46% C
REVENUES $3,346,722.27 $ 282,700.66 $ - $1,517,317.78 $ - $ 1,829,404.49 45.34%
EXPENDITURE SUMMARY
PERSONNEL $ 336,516.00 $ 23,101.28 $ - $ 178,329.25 $ - $ 158,186.75 52.99%
OPERATING EXPENSES $ 111.551.27 $ 3,006.09 $ - $ 28,295.10 $ 292.11 $ 82,964.06 25.63% B
INCENTIVES $ 1,130,310.00 $ - $ - $ 530,331.55 $ - $ 599,978.45 46.92%
SPECIAL SERVICES $ 112.678.00 $ 2,331.11 $ - $ 62,854.09 $ 1,960.60 $ 47,863.31 57.52% C
ADVERTISING $ 114,100.00 $ 8,353.50 $ - $ 26,917.75 $ - $ 87,182.25 23.59%
COMMUNITY DEVELOPMENT $ 44,550.00 $ 5,872.52 $ - $ 9,205.11 $ - $ 35,344.89 20.66%
TRAVEL&TRAINING $ 62,600.00 $ 59.55 $ - $ 7,795.77 $ - $ 54,804.23 12.45%
DUES&SUBSCRIPTIONS $ 30,018.00 $ 69.69 $ - $ 21,036.12 $ - $ 8,981.88 70.08%
AUDIT&LEGAL $ 33,000.00 $ 2,462.00 $ - $ 7,283.00 $ - $ 25,717.00 22.07%
ENGINEERING&ARCHITECTURAL $ 87,500.00 $ - $ - $ 39,697.78 $ - $ 47,802.22 45.37%
DEBT SERVICE $ 541,878.00 $ 37,466.01 $ - $ 357,707.60 $ - $ 184,170.40 66.01%
LAND $ 78,540.00 $ - $ - $ 78,540.00 $ - $ - 100.00%
INFRASTRUCTURE PROJECTS $ 1,888,680.00 $ 2,500.00 $ - $ 189,180.00 $ - $ 1,699,500.00 10.02% C
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 $ 85,221.75 $ - $1,459,430.12 $ 2,252.71 $ 3,112,738.44 31.95%
REV OVER/(UNDER) EXPEN ############ $ 197,478.91 $ - $ 57,887.66 $ (2,252.71) $ (1,283,333.95)
A. SLSTX Rev earned in Feb,allocated in April,was$221,881.55,an increase of 8.82%over the same period in 2020.
Sales Tax received for 5 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 following Mid-year Budget Amendments or insurance recoveries.
Wylie Economic Development Corporation
Statement of Net Position
As of April 30, 2021
Assets
Cash and cash equivalents $ 2,269,920.24
Receivables $ 60,000.00 Note 1
Inventories $ 12,106,477.50
Prepaid Items $ -
Total Assets $ 14,436,397.74
Deferred Outflows of Resources
Pensions $ 95,608.55
Total deferred outflows of resources $ 95,608.55
Liabilities
Accounts Payable and other current liabilities $ 41,741.27
Unearned Revenue $ 1,200.00 Note 2
Non current liabilities:
Due within one year $ 159,045.22 Note 3
Due in more than one year $ 5,090,479.60
Total Liabilities $ 5,292,466.09
Deferred Inflows of Resources
Pensions $ (47,711.41)
Total deferred inflows of resources $ (47,711.41)
Net Position
Net investment in capital assets $ -
Unrestricted $ 9,287,251.61
Total Net Position $ 9,287,251.61
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
5-06-2021 06:18 PM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: APRIL 30TH, 2021
111-WYLIE ECONOMIC DEVEL CORP
ACCOUNT# TITLE
ASSETS
1000-10110 CLAIM ON CASH AND CASH EQUIV. 2,267,824.99
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 573,249.00
15,009,551.49
TOTAL ASSETS 15,009,551.49
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 16.25
2000-20117 TMRS PAYABLE 1,310.49
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 5,187.38
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
5-06-2021 06:18 PM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: APRIL 30TH, 2021
111-WYLIE ECONOMIC DEVEL 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 573,249.00
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 613,288.49
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 1,517,317.78
TOTAL EXPENSES 1,459,430.12
REVENUE OVER/(UNDER) EXPENSES 57,887.66
TOTAL EQUITY & OVER/(UNDER) 14,396,263.00
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 15,009,551.49
5-06-2021 06:18 PM CITY OF WYLIE PAGE: 1
BALANCE SHEET
AS OF: APRIL 30TH, 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 129,514.21
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 5,249,524.82
5-06-2021 06:18 PM CITY OF WYLIE PAGE: 2
BALANCE SHEET
AS OF: APRIL 30TH, 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 ( 236,402.06)
REVENUE OVER/(UNDER) EXPENSES 236,402.06
TOTAL EQUITY & OVER/(UNDER) ( 5,201,627.68)
TOTAL LIABILITIES, EQUITY & OVER/(UNDER) 47,897.14
Wylie Economic Development Corporation
SALES TAX REPORT
April 30, 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
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 $ 1,433,285.66 $ 193,985.40 14.30%
Total $ 2,562,759.35 $ 2,920,137.37 $ 3,283,492.09 $ 1,433,285.66 $ 193,985.40 14.30%
E C Sales Tax Analysis
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
2020
$200,000
2021
$150,000
$100,000
$50,000
$d
e� �� i� �� tee, se\ �� �c
P
q �e �a
"""Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example:April SlsTx Revenue is actually February SIsTx and is therefore the 5th allocation in FY21.
4 4 a
ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: May 19,2021 Item Number: 1
(Staff Use Only)
Department: WEDC
Prepared By: Jason Greiner Account Code:
Date Prepared: 5/13/21 Exhibits:
Subject
Discuss issues surrounding the FY 2021-2022 WEDC Budget.
Recommendation
No action is requested by staff for this item.
Discussion
Staff will discuss the FY 2021-2022 WEDC Budget.
Page 1 of 1
4 -4
ECONOMIC DEVELOPMENT CORPORATION Wylie Economic Development
Board
AGENDA REPORT
Meeting Date: May 19,2021 Item Number: 2
(Staff Use Only)
Department: WEDC
Prepared By: Jason Greiner Account Code:
Date Prepared: 5/13/21 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
JE, '
ECONOMIC DEVELOPMENT CORPORATION
2021 April Board Meeting—21st
Day Time Meeting/Event
1 HR Alliance—Council Chambers
CLOSED Good Friday
6 WDMA Meeting
8 WSNCT Career Fair- Virtual
13 City Council
21 WEDC—Board Meeting
21 Bisnow-The Transformative Developments Along The 121 Corridor—Virtual-jg
22 WISD CTE Advisory Meeting—ig/aw
27 State of the City/State of the Wylie ISD Luncheon-Collin College Conference Center
27 City Council—Small Business Week Proclamation
29 Leadership Wylie—WEDC Presentation &Tour of Savage Precision Fabrication
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 p.m. City Council-Economic Development Week Proclamation
15 City of Wylie Boards&Commissions Application Deadline
19 8:30 a.m. WEDC—Board Meeting
25 6:00 p.m. City Council
25-26 ICSC RECon Digital- Virtual
31 aw.w.w.w. CLOSE d moF aI Da
2021 June Board Meeting—16th
Day Time Meeting/Event
7-8 IEDC Economic Future Forum—Spokane
8 6:00 p.m. City Council
9,10 TEDC Mid-Year Conference- Frisco
16 8:30 a.m. WEDC- Board Meeting
19-23 IAMC Spring Professional Forum-Ft.Worth-jg
22 5:30 p.m. Reception for Outgoing Board/Commission Members-City Hall
22 6:00 p.m. City Council
26 Bluegrass on Ballard
2021 July Board Meeting—21st
Day Time Meeting/Event
Sunday cr of jij�y.independeoo c IMF y
CLOSED Observance of 4th of July In endence Day
7 8:30 a.m. Potential Special-Called WEDC Meeting(Budget Wrap-Up)
13 Bisnow—The Evolution of DFW Office- ig
13 6:00 p.m. City Council-WEDC Budget Work Session with Council
21 8:30 a.m. WEDC- Board Meeting
27 6:00 p.m. City Council- FINAL Budget Work Session
Around the Corner...
• TEDC Sales Tax Training
o Virtual—August 13-27
o Garland/Richardson—September 17
• 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
• ICSC- Here,We Go. 2021- December 5-7, Las Vegas Convention Center