03.27.2012 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
March 27, 2012
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
REGULAR SESSION - 7:15 PM
I. CALL TO ORDER
It. ROLL CALL
Roll Call
Present Darrell Erwin, Pat Turner, Beverly Hayes, Robert Mundy, Mark Yeary, Rebecca Mowell
Absent /Excused Donnie Graham
III. MINUTES APPROVAL
A. Discuss and consider regular meeting minutes from February 21, 2012.
Motion To approve the minutes as presented., Action Approve, Moved By Rebecca Mowell,
Seconded By Beverly Hayes
Motion Passed Unanimously
B. Discuss and consider special meeting minutes from March 8, 2012.
Motion To approve the minutes as presented.
Seconded By Beverly Hayes
Motion Passed Unanimously
Action Approve, Moved By Rebecca Mowell,
IV. REGULAR ITEMS
A. Review KEDC Financial Report.
Sakura Moten Dedrick, Finance Director, presented financial information to the board, noting that the
reports were now current. No questions were asked.
Motion To approve the financial report as presented., Action Approve, Moved By Darrell Erwin,
Seconded By Mark Yeary
Motion Passed Unanimously
B. Discuss and consider authorizing the Executive Director to execute a contract with Orasi
Development for development and maintenance of an economic development website.
Bob Hart approached the board regarding the need for a new economic development website to
display information. As Orasi Development currently handles the Economic Development initiatives of
the EDC, they are already equipped to handle all aspects of the website.
Motion To authorize the Executive Director to execute a contract with Orasi Development for
development and maintenance of an economic development website., Action Approve, Moved By
Rebecca Mowell, Seconded By Beverly Hayes
Motion Passed Unanimously
C. Consider a Resolution identifying alternate projects with the Texas Leverage Fund.
Bob Hart approached the board, noting that the State requires the EDC to produce a Resolution
identifying potential projects for the remainder of the loan.
Motion To approve Resolution 5 as presented. , Action Approve, Moved By Darrell Erwin, Seconded
By Mark Yeary
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of
Commerce.
1. Art in the Park March 30 - April 1
2. Bloxom Park Update
3.QuikTrip
- QuikTrip demolition and construction is on schedule.
4. Red's Roadhouse Restaurant
- The restaurant is well on its way, with a May 24` opening possible.
5. TIF District
- New Hope Road wastewater extensions and land use alterations in the southern portion of
town will be possible with this TIF.
6. Hotel development discussion
- The EDC has been contacted by a hotel regarding interest in property south of QuikTrip.
Bob Hart also presented brief information on the recent Village Creek flood control study.
President Mundy closed the regular meeting and went into executive session at 7:58 PM.
VI. EXECUTIVE SESSION
A. The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of
the Texas Government Code to deliberate the purchase, sale, exchange, lease, or value of real
property.
Crete
Lease /sale of property, including temporary lease, at 1000 Kennedale Parkway to Speed Fab-
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169
B. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of
the Texas Government Code to deliberate the offer of a financial or other incentive to a business
project with which the city is conducting economic development negotiations.
1. Potential Texas Leverage Fund loan use by selected businesses (Karbosi)
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy opened the meeting into open session at 9:01 PM
No action required.
Next meeting 4/24/2012
VIII. ADJOURNMENT
Motion To adjourn., Action Adjourn, Moved By Rebecca Mowell, Seconded By Beverly Hayes
Motion Passed Unanimously
The meeting adjourned at 9:03 PM.
APPROVE: _
Robert Mundy, President-
ATTEST:
t a
Amethyst Cirmo, City Secretary
405 Municipal Drive, I<ennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817 - 478 -7169