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Economic Development Corporation Board Special Meeting

Special Meeting

Wylie, TX · August 4, 2021

AgendaPacketMinutes

Minutes

WEDC - Minutes August 4, 2021 Page 2 of 4 of Officer Election. The Board discussed options and the idea of revisiting these issues at the upcoming WEDC Board Work Session and over the next year before Election of Officers for 2022- 2023. Board Action A motion was made by Tim Gilchrist, seconded by Blake Brininstool, to relect/elect the following WEDC Board Officers for 2021-2022: Demond Dawkins, President; Melisa Whitehead, Vice President; Gino Mulliqi, Secretary; Tim Gilchrist, Treasurer. A vote was taken, and the motion passed 5-0. Tabled from 7-21-21 Remove from table and consider Board Action A motion was made by Tim Gilchrist, seconded by Melisa Whitehead, to remove Item 2 from table. A vote was taken, and the motion passed 5-0. 2. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2021-2022. Section 4.07 of the WEDC Bylaws states that the President of the Board shall set a regular meeting date and time at the beginning of his/her term. WEDC Board Meetings are currently set for the third Wednesday of each month at 7:30 a.m. With officers elected via the previous Action Item, the WEDC President is required to establish the Regular Meeting date/time. Mayor Porter discussed the meeting time ofWEDC Meetings, noting that he has received feedback that the time of meeting may be difficult for citizens to attend. Staff and the Board discussed previous attempts to move meetings to alternate times, including evenings, to better accommodate citizen attendance, with no resulting increase in participation by members of the public. Board Action A motion was made by Tim Gilchrist, seconded by Melisa Whitehead, to keep the current date and time for Regular WEDC Board of Directors Meetings as the third Wednesday of each month at 7:30 a.m. for 2021-2022. A vote was taken, and the motion passed 5-0. DISCUSSION ITEMS DSl. Discuss issues surrounding Wylie EDC loans. Staff discussed the ongoing process of obtaining additional loan information from local banks and financial institutions. While staff initially received interest from a couple of local banks, it was noted that the length of term offered locally ranged from 5-10 years maximum. Staff understands that the Board would like to seek up to a 20-year term. In sum, staff received an offer for a 10-year term from American National Bank and three proposals for 15-20-year term options from Government Capital Corporation.

Agenda

Wylie Economic Development Corporation Board Special Called Meeting August 04, 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. REGULAR AGENDA 1. Consider and act upon issues surrounding the Election of Officers for the WEDC Board of Directors for 2021-2022. 2. Consider and act upon the establishment of a Regular Meeting Date and Time for the WEDC Board of Directors for 2021-2022. DISCUSSION ITEMS DS1. Discuss issues surrounding WEDC loans. DS2. Discuss issues surrounding engineering and mowing services. DS3. Discussion regarding a WEDC Board Tour, Retreat, or Work Session. 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. ES1. Consider the sale or acquisition of properties located at FM 544/Cooper, Jackson/Oak, Regency/Steel, State Hwy 78/Alanis, and State Hwy 78/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 Page |1 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, 2020-11b, 2021-4a, 2021-4b, 2021-4c, 2021-4d, 2021-5a, 2021-6a, 2021-6b, and 2021-6c. 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 July 30, 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 |2

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