10.18.2011 EDC MinutesKENNEDALE
Kennedale Economic
Development Corporation
w .cltyofkenneclale.com
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — OCTOBER 18, 2011
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
CALL TO ORDER
President Mundy called the meeting to order at 7:18pm.
ROLL CALL
BOARD MEMBERS
PRESENT
ABSENT
ROBERT MUNDY - PRESIDENT, P4
x
BEVERLY HAYES — P3
x
DARRELL ERWIN — P1
x
PAT TURNER — P2
x
DONNIE GRAHAM — Vice - President, P5
x
MARK YEARY — P6
x
REBECCA MOWELL — P 7
x
CITY STAFF
PRESENT
ABSENT
BOB HART, EXECUTIVE DIRECTOR
x
SAKURA MOTEN- DEDRICK, CITY FINANCE DIRECTOR
x
AMETHYST CIRMO, BOARD SECRETARY
x
JAMES COWEY, DEVELOPMENT SERVICES DIRECTOR
x
III. REGULAR ITEMS
A. Discuss and consider approval of the regular meeting minutes from September 20,
2011
A motion to approve the minutes as presented was made by Pat Turner, second by
Rebecca Moweil.
The motion passed unanimously.
B. Review KEDC Financial Report
Sakura Moten - Dedrick presented the financial report. She noted that this is the 17
consecutive month of increasing sales tax. It was noted that fund 15 may show a
negative balance due to the fact that the sale of 1000 E Kennedale Parkway was not
yet complete.
President Mundy posed a question regarding electricity in TownCenter Retail
Addition. Ms. Dedrick explained that this cost was lighting for the area and that costs
had increased as construction of the new retail building has been using this source
as well.
A motion to accept the financial report as presented was made by Mark Yeary,
second by Rebecca Mowell.
The motion passed unanimously.
C. Discuss and consider authorizing the Executive Director to sign the lease /land sale
contract for 1170 E Kennedale Parkway
Bob Hart presented information on the contract, noting that there are two separate
contracts, one for a lease purchase and one for a lease sale. The lease purchase
covers the first five years of the contract when the property is will be leased from the
city, and lease sale covers the property from that point on, once the city no longer
owns the property.
The board relayed to Mr. Hart that they would prefer to have time to read over the
contract before they give a direction for action. The EDC set a tentative date for a
special meeting to deal with the contract for Tuesday, November 1 ", 2011.
No action was taken and the item was tabled until November 1, 2011.
D. Discuss parameters for redevelopment of Kennedale Parkway
Mr. Hart asked that this item be tabled until the December meeting.
The board decided to table this item until that point.
IV. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director, Orasi Development, and the
Kennedale Chamber of Commerce
1. TownCenter
Bob Hart presented information concerning the development of Ace,
Subway, and the MCA Medical Office, which are all slated for completion
by early 2012. One office is currently still available for lease.
2. 9/11 Memorial Dedication Ceremony comments and feedback
The board sincerely thanked the city for their efforts with the dedication
ceremony, claiming that it was a first class event.
3. Section House
The section house is moving along, with the expectation that concrete will
be poured this week.
4. 12 at 12 Program
Mr. Hart has spoken with IESI on this program, which is sponsored by
them. The program has 12 businesses with issues and /or ideas
concerning partnerships and such meet at 12:00noon for a general
discussion.
5. International Council of Shopping Centers (ICSC)
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169
— San Antonio Conference
Mr. Hart would like the board to consider sending Jack Thompson from
Orasi Development to this regional to take advantage of retail
opportunities.
6. Other updates and information, if needed
Greg Hutson, Executive Director of the Kennedale Chamber of
Commerce gave an update on his past year in this position, noting that
tremendous progress had been made with networking, distribution lists,
and promotion of Kennedale.
The board recessed into Executive Session at 8:18pm.
V. 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.
Acquisition of approximately 5 acres on Bloxom Road.
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. Grover Corporation with Texas Leverage Fund
2. Harris Manufacturing
3. The Fowler Group
4. Habaneros
5. TruGreen
VI. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO
EXECUTIVE SESSION, IF NECESSARY.
President Mundy called the meeting back into open session at 8:51pm.
No action pursuant to executive session was necessary.
VII. ADJOURNMENT
A motion to adjourn was made by Pat Turner, second by Mark Yeary.
The motion passed unanimously
APPROVE
ATTEST:
/Robert Mundy, Presi nt
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Amethyst Cimfo, City Secretary
405 Municipal Drive, I<ennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817 - 478 -7169