07.24.2012 EDC MinutesI. CALL TO ORDER
President Mundy called the meeting to order at 7:18 PM
11. ROLL CALL
Roll Call
Present Darrell Erwin, Robert Mundy, Donnie Graham, Mark Yeary, Rebecca Mowell, Pat Turner,
Beverly Hayes
IV. MINUTES APPROVAL
A. Consider approval of minutes from regular meeting dated June 26, 2012.
Motion, Action Approve, Moved By Pat Turner, Seconded By Beverly Hayes
Motion Passed Unanimously.
V. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for May 2012.
Sakura Dedrick approached the board with the most recent financial report. Informed the board that
sales tax was still trending the same and Dollar General recently renewed their contract.
Motion, Action Approve, Moved By Mark Yeary, Seconded By Darrell Erwin, Motion Passed
Unanimously.
B. Conduct a public hearing on FY2012 -13 economic development projects.
President Mundy opened the public hearing. No one signed up to speak for the public hearing and it
was closed.
C. Discuss and approve FY2012 -13 Proposed Budget for recommendation to City Council
Motion, Action Approve, Moved By Donnie Graham, Seconded By Beverly Hayes, Motion Passed
Unanimously.
D. Consider authorizing the Executive Director to execute an agreement with JLB for the construction
of the TownCenter parking lot.
Motion, Action Approve, Moved By Pat Turner, Seconded By Mark Yeary, Motion Passed
Unanimously.
E. Review and discuss the hotel study from Interim Hospitality Consultants.
Jack Thompson with Orasi Development gave an update on the hotel and feasibility study from Interim
Hospitality Consultants. The study suggested that Kennedale consider developing a hybrid concept
with sleep -in and mainstay suites that would charge around $75 a night for sleep in rooms and $85 a
night for mainstay suites. Pat Turner voiced concerns regarding the rates saying that it won't do much
to separate lower end clientele from middle or upper clientele.
VI. STAFF ANNOUNCEMENTS /REPORTS
A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of
Commerce,
1. Chamber of Commerce update
Jessie Elizondo was not present to give board members any updates.
2. TownCenter status
Bob Hart talked about the new dry cleaning business. TownCenter Cleaners have signs up but
have not yet officially opened for business.
3. New Hope Road TIRZ District with Tarrant County
Bob Hart mentioned that the TIRZ is going well. All documentation has been submitted would
be presented at the County Commissioner's court on Tuesday July 30 th .
4. Concept development for Oak Crest and Kennedale Parkway
This item will be discussed in detail at the August meeting.
5. TxDot signage.
This item will be discussed in detail at the August meeting.
President Mundy closed the regular session and entered executive session at 7:50 PM
VII. 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, exchange, lease, or value of real property.
1. Discuss property at 1000 E Kennedale Parkway.
This item was tabled until the next regular meeting
2. Discuss bid submissions for city properties
This item was tabled until the next regular meeting.
Approval to move forward on placing bids on available city properties.
Donnie Graham motioned and was seconded by Darrell Erwin. Motion passed unanimously.
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
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 8 17.985.210 1 Fax: 817- 478 -7169
project with which the city is conducting economic development negotiations.
1. Incentives for development of property at 1201 West Kennedale Parkway.
2. Incentives for development of property at 445 West Kennedale Parkway,
VIII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 8:08 PM.
All items on the executive session agenda were tabled until the August meeting. No action pursuant to
executive session was necessary.
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Motion, Adjourn, Moved By Darrell Erwin, Seconded By Pat Turner, Motion Passed Unanimously
The meeting was adjourned at 8:10 PM
APPR )VED:
Robert Mundy, aii
ATTE T:
Amethyst G. tirmo, City Secretary
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