Wow, Ok so its been a real scary endeavor digging into stuff and finding things like this....



Note:
The duct tape is just temporary to test the unit. I need to buy some electrical tape and better butt connectors.
I guess the Jet-Dry unit is toast, even though we never use it.
The yellow wire on the heating element had some overheating issues as well.
Despite all this, I still cant seem to get past the original problem. The water valve is not activating at the 120 second mark.
I tested the float switch for continuity and all is well there. The switch is functioning properly.
I tested the resistance of the water valve, it was within spec.
Removed the water valve and cleaned it up, then tested with a direct 120volt line and it functioned as intended.
Re-installed the water valve into the unit and connected the water then applied 120 volts through a kitchen outlet and the switch worked as intended.
Next step was to check for 120volt at the water valve terminals at the 120second mark into the start of the wash cycle. No dice there.
Seems that the main control unit is not commanding the valve to open. Cant find a relay that drives this specific module. Not really sure where to go from here. The control module could be pricey and after finding the evidence of the short behind the panel, the question may become whether or not to replace the unit all together.