Economic Development Corporation Board Regular Meeting

WEDC - Minutes April 19,2023 Page 2 of 5 1. Consider and act upon issues surrounding the disposition of WEDC property located at 605 Commerce and 908 Kirby. Staff Comments Staff discussed the next stages of development for the FM 544 Gateway project, which requires demolition of the buildings at 605 Commerce/908 Kirby and removal of trees at 908 Kirby. Demolition is a budgeted item; however, tree removal was not originally accounted for in cost estimation. Staff indicated that the dollar amount in the proposed motion would account for both demolition and tree removal. Board Action A motion was made by Blake Brininstool, seconded by Aaron Jameson, to award a contract to Intercon Demolition in the amount of $170,000 and further authorize the Executive Director to execute any and all necessary documents. A vote was taken, and the motion passed 4-0. 2. Consider and act upon drainage improvements at Regency Business Park. Staff Comments Staff noted issues with drainage at Regency Business Park and the need for grading improvements in order to re-grade ditches and clean silt/debris out of culverts. Once these improvements are completed, a survey of Regency Business Park can proceed. Staff recommended that this item be tabled until the updated cost estimates are received for the project. The Board further discussed similar improvements that have been made before and simply agreed that the EDC director should proceed with the project if the amount does not exceed $35,000. Board Action A motion was made by Gino Mulliqi to approve the WEDC Executive Director to enter into a contract with Kimley Hom in regard to the Regency Business Park drainage improvements and to execute all necessary documents in an amount not to exceed $35,000. Melisa Whitehead made a motion, af irmed by Gino Mulliqi and seconded by Blake Brininstool, to amend, strike out Kimley Hom from the motion, and approve the amended motion. A vote was taken, and the motion passed 4-0. Board President Demond Dawkins arrived during discussion of Item 3 at 7:57 a.m. 3. Consider and act upon issues surrounding a Market Analysis/Feasibility Study. Staff Comments Staff discussed the City's 19 AC site on FM 544 and previous evaluations of development strategies that have been considered over the last 10 years. Staff reviewed the option to hire an outside/independent firm to evaluate future development options and provide actionable market insights and recommendations based on a comprehensive market study. This study would need to take into consideration the expectations and input from the WEDC Board, City Council, and citizens concerning what they would like to see developed there. Staff recommended that this item be tabled for further discussion and direction from City Council until Staff has received cost estimations for a market analysis/feasibility study. Board Action A motion was made by Blake Brininstool, seconded by Melisa Whitehead, to table this item. A vote was taken, and the motion passed 5-0. DISCUSSION ITEMS WEDC - Minutes April 19, 2023 Page 4 of 5 Staff referred the Board to the Agenda Report provided in the packet for all updates related to the WEDC Property Update, Temporary Access Agreements, Downtown Parking, Engineering Report, Upcoming Events, and WEDC Activities/Programs. Regarding drainage for the 544 Gateway Project, Staff will provide drainage calculation and site plan information when it is available. EXECUTIVE SESSION Recessed into Closed Session at 9:26 a.m. in compliance with Section 551.001, et. seq. Texas Government Code, to wit: Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING. ESL Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper, FM 544/Sanden, FM 1378/Parker, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, State Hwy 78/Ballard, and State Hwy 78/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: 2021-2d, 2021-Sa, 2021-6a, 2021-6c, 2021-8a, 2021-9b, 2021-9f, 2022-lb, 2022-lc, 2022-7b, 2022-l0d, 2023-la, 2023-lb, 2023- lc, 2023-ld, 2023-2d, 2023-3a, 2023-3b, 2023-4a. Board Member Blake Brininstool left at 10:05 a.m. RECONVENE INTO OPEN SESSION Take any action as a result ofthe Executive Session. President Dawkins reconvened into Open Session at 10:07 a.m. and the Board took the following actions: Board Action A motion was made by Melisa Whitehead, seconded by Aaron Jameson, to authorize the Wylie EDC to enter into a Performance Agreement with Dank Real Estate and/or Deanan Popcorn in an amount not to exceed $30,000. The incentive will be paid out in two (2) payments: • Incentive #1, upon proofof infrastructure investment and installation, building inspectors approval and proof of 1 new job by 10/2/23, the company is entitled to receive 50% ofthe total incentive. • Incentive #2, upon proofof infrastructure investment and installation, building inspector approval and proof of3 new jobs by 10/1/24, the company is entitled to receive 50 % of the total incentive. A vote was taken, and the motion passed 4-0 . Board Action A motion was made by Aaron Jameson, seconded by Gino Mulliqi, to authorize the Wylie EDC to enter into a Performance Agreement with JOLT Printing & Embroidery in an amount not to exceed $7, 000. The Incentive will be paid out in one (1) payment: • Incentive #1, upon proof of CO, proof of employment, and proof of relocation costs, the company will receive a reimbursement incentive in the amount of$7,000. WEDC - Minutes April 19, 2023 Page 5 of 5 A vote was taken, and the motion passed 4-0. Board Action A motion was made by Gino Mulliqi, seconded by Melisa Whitehead, to authorize the sale of Lot 2, Block A, 544 Gateway Addition, a 1.565-acre lot located on West Kirby Street in the amount of $1,295,256.60 further authorizing the WEDC Board President and/or his designee to execute all documentation necessary to effectuate the transaction. A vote was taken, and the motion passed 4-0. FUTURE AGENDA ITEMS There were no Items requested for inclusion on future agendas. ADJOURNMENT With no furthe, business, President Dawkins adjourned the WE�'"'S icm. Demond Dawkins, President ATTEST: (\