09.25.2012 EDC Packet - PublicECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
September 25, 2012
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
REGULAR SESSION - 7:15 PM
I. CALL TO ORDER
II. ROLL CALL
III. MINUTES APPROVAL
A. Consider approval of minutes from August 28, 2012 regular meeting.
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for August 2012
B. Consider an economic development grant for Kooper's Corner.
C. Consider participating in the International Council of Shopping Centers Texas Dealmakers event.
V. STAFF ANNOUNCEMENTS/REPORTS
A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of
Commerce.
1.Chamber updates and introduction of the new Executive Director, Jeremiah Wunneburger
2.TownCenter (parking lot, lease, and sign status, etc)
3.Tax Increment Reinvestment Zone status
4.TxDOT signage status
5.TxDOT Green Ribbon Grant
6.RTR/NCTCOG sidewalk grant
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, lease, or value of real property.
1.Sale of a portion of 1000 E Kennedale Parkway
2.Purchase of property at 1125 W Kennedale Parkway
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 whom the city is conducting economic development negotiations.
1.Review and discuss initiatives for hotel development, including Oak Crest development
engineering contracts.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
VIII. ADJOURNMENT
In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for reasonable
accommodations for persons attending City Council meetings. This building is wheelchair accessible, and
parking spaces for disabled citizens are available. Requests for sign interpreter services must be made
forty-eight (48) hours prior to the meetings. Please contact Amethyst Cirmo, City Secretary, at
817.985.2104 or (TDD) 1.800.735.2989
CERTIFICATION
I certify that a copy of the September 25, 2012, Kennedale Economic Development Corporation agenda was posted on the City Hall
bulletin board next to the main entrance of the City Hall building, 405 Municipal Drive, of the City of Kennedale, Texas, in a place
convenient and readily accessible to the general public at all times and said agenda was posted at least 72 hours preceding the
schedule time of said meeting, in accordance with Chapter 551 of the Texas Government Code.
Amethyst G. Cirmo, City Secretary
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: MINUTES APPROVAL - A.
I. Subject:
Consider approval of minutes from August 28, 2012 regular meeting.
II. Originated by:
Amethyst G. Cirmo, City Secretary and Communications Coordinator
III. Summary:
Please see the attached minutes.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1.minutes 08.28.2012 EDC Mnutes.doc
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
August 28, 2012
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
II. ROLL CALL
Roll Call
Present Robert Mundy, Beverly Hayes, Rebeca Mowell, Mark Yeary, Darrell Erwin
Absent/Excused Pat Turner, Donnie Graham
III. MINUTES APPROVAL
A. Consider approval of minutes from July 24, 2012 regular meeting.
Motion To approve the minutes as presented., Action Approve, Moved By Mark Yeary, Seconded By
Beverly Hayes
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Discuss concept development for Oak Crest area and Kennedale Parkway.
Bob Hart presented the members with an updated potential development plan for the Oak Crest area.
The plan included areas for a hotel, senior living, a large, park, and retail areas.
B. Review and accept the KEDC Financial Report for Jul 2012.
Ms. Dedrick noted that the financial outlook has remained the same and that there were no significant
increases or decreases to report.
Motion To approve the financial report as presented., Action Approve, Moved By Darrell Erwin,
Seconded By Rebecca Mowell
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS/REPORTS
A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of
Commerce.
1.Chamber updates and introduction of the new Executive Director, Jesse Elizondo
Mr. Elizondo introduced himself to the EDC, and announced the Kar Show on September 8 th .
2.TownCenter (parking lot, lease, and sign status, etc)
Bob Hart noted that the parking lot would be started in next few months.
3.Tax Increment Reinvestment Zone status
Bob Hart noted that recent meetings had been positive.
4.TxDOT signage status
This item is ongoing and meetings with TxDOT will be set up in the near future.
5.QuickTrip opening on November 15, 2012
Construction is well underway and they will be ready to open in November.
6.TxDOT Green Ribbon Grant
Construction of landscaping along Kennedale Parkway has begun and should be complete by
Christmas of this year.
7.RTR/NCTCOG sidewalk grant
Sidewalk construction on Kennedale Parkway will begin in 2013.
Chair Mundy closed the regular session and entered executive session at 8:20 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, lease, or value of real property.
1.Sale of a portion of 1000 E Kennedale Parkway
2.Purchase of property at 1125 W Kennedale Parkway
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 whom the city is conducting economic development negotiations.
1.Incentives for development of property at 445 W Kennedale Parkway
2.Review and discuss initiatives for hotel development.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
The meeting was called back into open session at 9:19 PM.
No action pursuant to executive session was necessary.
The next meeting will be held on Tuesday, September 25, 2012.
VIII. ADJOURNMENT
Motion To adjourn., Action Adjourn, Moved By Rebecca Mowell, Seconded By Darell Erwin
Motion Passed Unanimously
The meeting was adjourned at 9:20 PM.
APPROVE:
ATTEST
____________________________
President Robert Mundy
____________________________
Amethyst G. Cirmo, City Secretary
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Review and accept the KEDC Financial Report for August 2012
II. Originated by:
Sakura Moten-Dedrick, Director of Finance & IT
III. Summary:
Ms. Dedrick will present an update on this item.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1.financials edc.pdf
AUG 2012 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS
Budget/Amendment
No changes.
Year -To -Date
• Ad Valorem Tax: Increase in comparison over this time last year .
• Sales /Beverage Tax: Increase in comparison over this time last year . Receipts are trendin g
upward with the economy (see Monthly Graph, 3 -Year Historical Graph, 10 -Year Historical Data).
• Investment Earnings : Increase in comparison over this time last year .
• Miscellaneous Income: Increase in comparison over this time last year .
• Surplus Sales/Re ntals : Slight d ecrease in comparison over this time last year.
• Transfers: No significant change.
• Personnel : No significant change.
• Supplies: Increase in comparison over this time last year . This year included costs tied to the TownCenter Grand Reopening and 9/11 Memorial.
• Maintenance: Increase in comparison over this time last year. This is tied to costs with the
Town Shopping Center.
• S undry : Increase in comparison over this time last year . This year included approximately $6 0K of Engineering expenses t ied to the Green Ribbon Grant Project.
• Debt: Increase in comparison over this time last year . This year included the repayment of over
$1M in Texas Leverage Fund principal back to the state per the EDC Board’s direction.
• Transfers: Slight d ecrease in comparison over this time last year.
• Capital: Decrease in comparison over this time last year.
E stimate We anticipate a FY11/12 ending fund balance of $137,770 ($17,904 operations / $0 capital bond
project / $119,866 reserve bond ).
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
INCOME STATEMENT
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 INCOME STATEMENT BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE
OPERATING REVENUES 587,149 587,149 501,001 2,349,305 1,295,404 1,295,404 538,013 700,920
OPERATING EXPENDITURES (608,509) (608,509) (1,117,925) (1,180,427) (2,837,324) (2,837,324) (1,997,579) (2,128,388)
OPERATING INCOME/(LOSS)(21,360) (21,360) (616,924) 1,168,878 (1,541,920) (1,541,920) (1,459,566) (1,427,468)
NONOPERATING REVENUES/(EXPENSES)INTEREST EARNINGS 4,200 4,200 126 130 250 250 831 950 TRANSFERS IN - - - - - - - -
(TRANSFER OUT)(154,619) (154,619) (154,619) (154,619) (153,119) (153,119) (153,119) (153,119)
NET OPERATING INCOME/(LOSS)(171,779) (171,779) (771,417) 1,014,389 (1,694,788) (1,694,788) (1,611,854) (1,579,636)
BEGINNING FUND BALANCE 583,151 $ 583,151 $ 583,151 $ 583,151 $ 1,597,540 $ 1,597,540 $ 1,597,540 $ 1,597,540 $
ENDING FUND BALANCE (EXCLUDING OTHER FUNDS)411,372 $ 411,372 $ (188,266)$ 1,597,540 $ (97,248)$ (97,248)$ (14,313)$ 17,904 $
95: EDC4B RESERVE FUND 120,137 $ 120,137 $ 119,758 $ 119,766 $ 120,006 $ 120,006 $ 119,846 $ 119,866 $
19: EDC4B CAPITAL BOND FUND 1,017,184 $ 1,017,184 $ 478,127 $ 464,133 $ 119,383 $ 119,383 $ 102,050 $ (0)$
ENDING FUND BALANCE (INCLUDING OTHER FUNDS)1,548,693 $ 1,548,693 $ 409,619 $ 2,181,439 $ 142,141 $ 142,141 $ 207,583 $ 137,770 $
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 CATEGORY BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
BEGINNING FUND BALANCE 583,151 $ 583,151 $ 583,151 $ 583,151 $ 1,597,540 $ 1,597,540 $ 1,597,540 $ 1,597,540 $
AD VALOREM TAXES 23,467 23,467 48,914 52,138 42,466 42,466 51,477 48,738 208.4%121.2%
SALES/BEVERAGE TAXES 324,438 324,438 261,321 366,165 352,666 352,666 295,172 397,660 80.5%83.7%INVESTMENT EARNINGS 4,200 4,200 126 130 250 250 831 950 3.0%332.3%
MISCELLANEOUS INCOME - - - 21,916 676,000 676,000 5,250 5,250 0.0%0.8%
SURPLUS SALES/RENTALS 239,244 239,244 190,766 209,087 224,272 224,272 186,114 249,272 79.7%83.0%TRANSFERS -$ -$ -$ 1,700,000 $ -$ -$ -$ -$ 0.0%0.0%
TOTAL REVENUES 591,349 $ 591,349 $ 501,127 $ 2,349,435 $ 1,295,654 $ 1,295,654 $ 538,844 $ 701,870 $ 84.7%41.6%
PERSONNEL - - - - - - - - 0.0%0.0%
SUPPLIES 31,610 31,610 4,362 22,314 21,344 21,344 16,636 24,475 13.8%77.9%
MAINTENANCE 17,790 17,790 21,110 21,749 22,856 22,856 33,123 33,123 118.7%144.9%SUNDRY 249,810 249,810 204,153 243,564 265,906 265,906 286,709 357,421 81.7%107.8%
DEBT 111,798 111,798 125,701 125,701 313,243 313,243 1,250,160 1,250,160 112.4%399.1%
TRANSFERS 154,619 154,619 154,619 154,619 153,119 153,119 153,119 153,119 100.0%100.0%CAPITAL 197,501 197,501 762,599 767,099 2,213,975 2,213,975 410,952 463,209 386.1%18.6%
TOTAL EXPENDITURES 763,128 $ 763,128 $ 1,272,544 $ 1,335,046 $ 2,990,442 $ 2,990,442 $ 2,150,697 $ 2,281,506 $ 166.8%71.9%
REVENUES OVER EXPENDITURES (171,779)$ (171,779)$ (771,417)$ 1,014,389 $ (1,694,788)$ (1,694,788)$ (1,611,854)$ (1,579,636)$
ENDING FUND BALANCE 411,372 $ 411,372 $ (188,266)$ 1,597,540 $ (97,248)$ (97,248)$ (14,313)$ 17,904 $
ADJUSTMENTS FUND BALANCE AS % OF EXP 53.9%53.9%-14.8%119.7%-3.3%-3.3%-0.7%0.8%
RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$
RESERVE SURPLUS/(SHORTFALL)411,372 $ 411,372 $ (188,266)$ 1,597,540 $ (97,248)$ (97,248)$ (14,313)$ 17,904 $
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
4001-00-00 PROPERTY TAX-CURRENT YEAR - - - - - - - - 0.0%0.0%4002-00-00 MMD TAX-CURRENT YEAR 23,467 23,467 48,914 52,138 42,466 42,466 51,477 48,738 208.4%121.2%AD VALOREM TAXES 23,467 $ 23,467 $ 48,914 $ 52,138 $ 42,466 $ 42,466 $ 51,477 $ 48,738 $ 208.4%121.2%
4081-00-00 SALES TAX 324,438 324,438 261,321 366,165 352,666 352,666 295,172 397,660 80.5%83.7%
4082-00-00 MIXED BEVERAGE TAX - - - - - - - - 0.0%0.0%SALES/BEVERAGE TAXES 324,438 $ 324,438 $ 261,321 $ 366,165 $ 352,666 $ 352,666 $ 295,172 $ 397,660 $ 80.5%83.7%
4401-00-00 INVESTMENT INCOME 4,200 4,200 126 130 250 250 831 950 3.0%332.3%INVESTMENT EARNINGS 4,200 $ 4,200 $ 126 $ 130 $ 250 $ 250 $ 831 $ 950 $ 3.0%332.3%
4409-00-00 MISCELLANEOUS INCOME - - - 21,916 676,000 676,000 5,250 5,250 0.0%0.8%
4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - - - 0.0%0.0%4415-00-00 INSURANCE REIMBURSEMENT - - - - - - - - 0.0%0.0%MISCELLANEOUS INCOME -$ -$ -$ 21,916 $ 676,000 $ 676,000 $ 5,250 $ 5,250 $ 0.0%0.8%
4805-00-00 RENTAL FEES-SHOPPING CENTER 235,244 235,244 190,251 208,534 220,272 220,272 184,459 245,272 80.9%83.7%4806-00-00 RENTAL INSURANCE 4,000 4,000 515 553 4,000 4,000 1,655 4,000 12.9%41.4%SURPLUS SALES/RENTALS 239,244 $ 239,244 $ 190,766 $ 209,087 $ 224,272 $ 224,272 $ 186,114 $ 249,272 $ 79.7%83.0%
4902-00-00 PROCEEDS - DEBT/LOAN ISSUANCE - - - 1,700,000 - - - - 0.0%0.0%TRANSFERS -$ -$ -$ 1,700,000 $ -$ -$ -$ -$ 0.0%0.0%
TOTAL REVENUES 591,349 $ 591,349 $ 501,127 $ 2,349,435 $ 1,295,654 $ 1,295,654 $ 538,844 $ 701,870 $ 84.7%41.6%
TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS)587,149 $ 587,149 $ 501,001 $ 649,305 $ 1,295,404 $ 1,295,404 $ 538,013 $ 700,920 $
10% ADMIN CHARGE-GENERAL FUND 58,715 58,715 42,250 64,931 129,540 129,540 53,801 70,092
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
$60,000
$65,000
$70,000
$75,000
$80,000
$85,000
$90,000
$95,000
$100,000
$105,000
$110,000
$115,000
$120,000
$125,000
$130,000
$135,000
$140,000
$145,000
$150,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Economic Development Corporation Sales Tax Revenue
Three Year History
2008-09 ACTUAL 2009-10 ACTUAL 2010-11 ACTUAL 2011-12 ACTUAL
24,368
39 ,515
24,331
28,700
38,020
25,672 27 ,583
37,335
24,899
25 ,572 28,137
36,010
24,368
39,515
24 ,331
28,700
38,020
24 ,647
26,558
36,310
23,874 24,547
26 ,962
34,835
31,540
37 ,196
38,349
29,926
30,992
24,484
37 ,230
41,230
24,369
40 ,830
26,679
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Year
Economic Development Corporation Sales Tax Revenue FY2011 -12 Monthly History
2010-11 ACTUAL 2011-12 BUDGET 2011-12 ACTUAL
Sales Tax Collections
ECONOMIC DEVELOPMENT CORPORATION 4B SALES TAX - $0.005
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2011-12 2011-12 GAIN/GAIN/YTD 2011-12 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ACTUAL YTD LOSS LOSS CUM ESTIMATE
OCT 25,015 26,737 27,574 30,493 26,719 21,880 22,001 19,568 24,368 24,368 31,540 31,540 7,172 29.4%29.4%31,540
NOV 34,511 33,807 28,806 33,284 41,109 30,548 33,732 27,081 39,515 39,515 37,196 68,736 (2,319) -5.9%7.6%37,196
DEC 23,399 26,428 23,373 24,372 23,107 23,438 30,093 18,417 24,331 24,331 38,349 107,085 14,019 57.6%21.4%38,349 JAN 23,198 21,991 22,728 23,443 26,331 22,677 19,433 18,102 28,700 28,700 29,926 137,011 1,226 4.3%17.2%29,926
FEB 32,631 35,744 33,862 35,625 29,751 29,839 33,556 24,379 38,020 38,020 30,992 168,004 (7,027) -18.5%8.4%30,992
MAR 23,889 22,465 21,345 24,975 16,997 21,830 17,063 18,010 25,672 24,647 24,484 192,488 (162) -4.6%6.6%24,484 APR 20,435 23,465 21,936 24,036 25,672 24,231 22,636 18,030 27,583 26,558 37,230 229,718 10,672 35.0%10.3%37,230
MAY 35,360 36,121 36,355 35,851 32,194 31,278 30,806 55,683 37,335 36,310 41,230 270,948 4,920 10.4%10.4%41,230
JUN 22,968 33,889 24,011 27,616 26,993 24,985 21,608 29,762 24,899 23,874 24,369 295,317 494 -2.1%9.2%24,369
JUL 25,600 25,928 25,987 24,299 27,477 30,517 17,906 141,681 25,572 24,547 40,830 336,146 16,283 59.7%13.6%40,830 AUG 32,378 30,767 34,222 35,983 28,340 38,499 33,664 34,381 28,137 26,962 26,679 362,826 (283) -5.2%11.9%26,679
SEP 26,060 25,710 22,677 27,368 30,430 23,534 24,245 27,457 36,010 34,835 34,835 397,660 - -3.3%10.4%34,835
325,445 343,051 322,876 347,346 335,121 323,256 306,744 432,550 360,141 352,666 397,660 44,995 397,660
-2.62%5.41%-5.88%7.58%-3.52%-3.54%-5.11%41.01%-16.74%-2.08%10.42%10.42%
ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL
INCOME
Rental Income 17,468.00 $ 17,468.00 $ 17,468.00 $ 17,468.00 $ 14,668.00 $ 15,090.92 $ 15,090.92 $ 15,090.92 $ 6,690.92 $ 23,490.92 $ 16,059.92 $ 16,059.92 $ 192,114.44 $
Tax Escrows 3,224.02 $ 11,399.98 $ 3,224.02 $ 3,224.02 $ 2,898.37 $ 2,738.95 $ 13,812.15 $ 2,738.95 $ 393.26 $ 5,084.64 $ 2,738.95 $ 2,738.95 $ 54,216.26 $
Insurance Escrows 38.37 $ 38.37 $ 38.37 $ 38.37 $ 23.95 $ 24.37 $ 1,355.60 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 1,679.25 $
CAM Escrows 814.70 $ 814.70 $ 814.70 $ 814.70 $ 737.16 $ 737.16 $ 722.69 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 9,141.61 $
Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
TOTAL INCOME 21,545.09 $ 29,721.05 $ 21,545.09 $ 21,545.09 $ 18,327.48 $ 18,591.40 $ 30,981.36 $ 18,591.40 $ 7,845.71 $ 29,337.09 $ 19,560.40 $ 19,560.40 $ 257,151.56 $
EXPENSES
General & Admin -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Property Mgmt 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 6,000.00 $
Office Expenses -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Legal Services -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Rental Commissions -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Electricity 329.26 $ 361.84 $ 384.35 $ 458.41 $ -$ -$ 749.37 $ -$ 325.66 $ 363.76 $ 375.06 $ 310.85 $ 3,658.56 $
Sweeping 326.00 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 326.00 $
Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Landscape 638.28 $ 638.28 $ 638.28 $ 1,442.68 $ 638.00 $ 638.28 $ 638.28 $ 638.28 $ 638.28 $ -$ 638.28 $ 638.28 $ 7,825.20 $
Fire Sprinkler/Alarm 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ 200.24 $ 800.24 $
Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Water -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,217.90 $ 104.42 $ 385.56 $ 2,707.88 $
Landscape Materials -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,603.28 $ -$ -$ 1,603.28 $
Maintenance/Construction 3,299.60 $ 5,132.36 $ -$ 1,650.00 $ 607.58 $ 1,065.00 $ 1,902.23 $ -$ 1,327.34 $ 5,050.00 $ 275.00 $ 1,050.00 $ 21,359.11 $
Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Signage -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
TOTAL EXPENSES 5,243.14 $ 6,632.48 $ 1,522.63 $ 4,201.09 $ 1,745.58 $ 2,203.28 $ 3,939.88 $ 1,138.28 $ 2,791.28 $ 9,884.94 $ 1,892.76 $ 3,084.93 $ 44,280.27 $
ADJUSTMENTS
Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
NET PROFIT/(LOSS) - CHECK 16,301.95 $ 23,088.57 $ 20,022.46 $ 17,344.00 $ 16,581.90 $ 16,388.12 $ 27,041.48 $ 17,453.12 $ 5,054.43 $ 19,452.15 $ 17,667.64 $ 16,475.47 $ 212,871.29 $
Total Rental Income Posted 18,282.70 $ 18,282.70 $ 18,282.70 $ 18,282.70 $ 15,405.16 $ 15,828.08 $ 15,813.61 $ 15,828.08 $ 7,428.08 $ 24,228.08 $ 16,797.08 $ 16,797.08 $ 201,256.05 $
CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER
FY2011-2012
ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL
INCOME
Rental Income 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 17,468.00 $ 17,468.00 $ 200,616.00 $
Tax Escrows 1,669.00 $ 1,669.00 $ 1,669.00 $ 3,455.24 $ 12,434.32 $ 7,544.56 $ 3,953.93 $ 3,224.02 $ 3,224.02 $ 3,224.02 $ 3,224.02 $ 3,224.02 $ 48,515.15 $
Insurance Escrows 142.00 $ 142.00 $ 142.00 $ 90.81 $ 38.37 $ 38.37 $ 38.37 $ 38.37 $ 38.37 $ 687.30 $ 38.37 $ 38.37 $ 1,472.70 $
CAM Escrows 1,040.00 $ 1,040.00 $ 1,040.00 $ 983.50 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 10,621.10 $
Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
TOTAL INCOME 19,419.00 $ 19,419.00 $ 19,419.00 $ 21,097.55 $ 29,855.39 $ 24,965.63 $ 21,375.00 $ 20,645.09 $ 20,645.09 $ 21,294.02 $ 21,545.09 $ 21,545.09 $ 261,224.95 $
EXPENSES
General & Admin -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Property Mgmt 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 6,000.00 $
Office Expenses -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Legal Services -$ -$ -$ -$ -$ -$ 80.00 $ -$ -$ -$ -$ -$ 80.00 $
Rental Commissions -$ -$ -$ -$ -$ 5,040.00 $ 5,040.00 $ -$ -$ -$ -$ -$ 10,080.00 $
Electricity 35.99 $ 35.99 $ 71.98 $ 35.99 $ 90.30 $ 232.48 $ 294.52 $ 415.64 $ 700.26 $ 625.61 $ 373.86 $ 296.64 $ 3,209.26 $
Sweeping 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ -$ -$ -$ -$ -$ -$ 1,800.00 $
Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Landscape 320.00 $ 320.00 $ 320.00 $ 320.00 $ 870.00 $ 620.00 $ 638.28 $ 638.28 $ 638.28 $ 1,618.28 $ 638.28 $ 638.28 $ 7,579.68 $
Fire Sprinkler/Alarm 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 600.00 $
Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Landscape Materials -$ -$ -$ -$ -$ 2,963.38 $ -$ -$ -$ -$ -$ -$ 2,963.38 $
Maintenance/Construction 75.00 $ -$ -$ 2,725.83 $ 3,179.04 $ 2,725.83 $ -$ -$ -$ -$ -$ -$ 8,705.70 $
Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Signage -$ -$ -$ -$ -$ -$ 100.00 $ -$ -$ -$ -$ -$ 100.00 $
TOTAL EXPENSES 1,380.99 $ 1,155.99 $ 1,191.98 $ 4,031.82 $ 4,939.34 $ 12,381.69 $ 6,802.80 $ 1,553.92 $ 1,838.54 $ 2,893.89 $ 1,512.14 $ 1,434.92 $ 41,118.02 $
ADJUSTMENTS
Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
NET PROFIT/(LOSS) - CHECK 18,038.01 $ 18,263.01 $ 18,227.02 $ 17,065.73 $ 24,916.05 $ 12,583.94 $ 14,572.20 $ 19,091.17 $ 18,806.55 $ 18,400.13 $ 20,032.95 $ 20,110.17 $ 220,106.93 $
Total Rental Income Posted 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,551.50 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 18,282.70 $ 18,282.70 $ 211,237.10 $
CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER
FY2010-2011
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND 01: ADMINISTRATION
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5101-01-00 SALARIES - - - - - - - - 0.0%0.0%
5107-01-00 OVERTIME - - - - - - - - 0.0%0.0%
5111-01-00 AUTO ALLOWANCE - - - - - - - - 0.0%0.0%5114-01-00 LONGEVITY - - - - - - - - 0.0%0.0%
5115-01-00 RETIREMENT - - - - - - - - 0.0%0.0%5116-01-00 UNEMPLOYMENT INSURANCE - - - - - - - - 0.0%0.0%
5117-01-00 FICA - - - - - - - - 0.0%0.0%
5118-01-00 MEDICAL INSURANCE - - - - - - - - 0.0%0.0%5120-01-00 LIFE INSURANCE - - - - - - - - 0.0%0.0%
5121-01-00 DENTAL INSURANCE - - - - - - - - 0.0%0.0%5122-01-00 VISION INSURANCE - - - - - - - - 0.0%0.0%
5190-01-00 VACATION/SICK/TERM/LEAVE ADJ - - - - - - - - 0.0%0.0%
PERSONNEL -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
5220-01-00 UNIFORMS 300 300 - - 300 300 - - 0.0%0.0%
5240-01-00 PRINTED SUPPLIES 22,000 22,000 4,350 4,466 16,544 16,544 8,897 16,544 19.8%53.8%
5260-01-00 GENERAL OFFICE SUPPLIES 250 250 12 12 250 250 - - 4.7%0.0%5261-01-00 POSTAGE 500 500 - 59 250 250 58 250 0.0%23.1%
5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - - - - - 0.0%0.0%5290-01-00 EXPENDABLE SUPPLIES 4,000 4,000 - 17,778 4,000 4,000 7,681 7,681 0.0%192.0%
SUPPLIES 27,050 $ 27,050 $ 4,362 $ 22,314 $ 21,344 $ 21,344 $ 16,636 $ 24,475 $ 16.1%77.9%
5403-01-00 BUILDING MAINTENANCE - - - - - - 775 775 0.0%#DIV/0!5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - - - - - - - 0.0%0.0%
MAINTENANCE -$ -$ -$ -$ -$ -$ 775 $ 775 $ 0.0%#DIV/0!
5501-01-00 ADVERTISING 5,000 5,000 - 1,436 5,000 5,000 2,871 5,000 0.0%57.4%5510-01-00 ASSOC DUES/PUBLICATIONS 3,375 3,375 2,300 2,460 2,350 2,350 7,334 7,335 68.2%312.1%
5512-01-00 CONTRACTUAL SERVICES - - - - - - - - 0.0%0.0%5525-01-00 TRAINING/SEMINARS 1,000 1,000 - - 1,000 1,000 - - 0.0%0.0%
5565-01-00 LEGAL SERVICES 25,000 25,000 5,754 7,581 10,000 10,000 40,249 40,249 23.0%402.5%
5567-01-00 AUDIT SERVICES 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 100.0%100.0%5569-01-00 IT SUPPORT - - - - - - - - 0.0%0.0%
5570-01-00 SPECIAL SERVICES 95,420 95,420 104,815 126,611 86,036 86,036 89,064 89,064 109.8%103.5%5575-01-00 EQUIPMENT RENTAL - - - - - - - - 0.0%0.0%
5578-01-00 TRAVEL 700 700 22 22 700 700 - - 3.2%0.0%
5580-01-00 ENGINEERING SERVICES - - - - - - 68,742 88,000 0.0%#DIV/0!5585-01-00 TELEPHONE SERVICES - - - - - - - - 0.0%0.0%
5595-01-00 ADMIN CHARGE-GENERAL FUND 58,715 58,715 56,488 69,885 129,540 129,540 49,167 69,612 96.2%38.0%SUNDRY 190,710 $ 190,710 $ 170,879 $ 209,494 $ 236,126 $ 236,126 $ 258,928 $ 300,760 $ 89.6%109.7%
5610-01-00 VISUAL GRANT - - - - - - - - 0.0%0.0%5615-01-00 FUNCTIONAL GRANT - - - - - - - - 0.0%0.0%
5625-01-00 ISSUANCE COST - - - - - - - - 0.0%0.0%
DEBT -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
5701-01-00 TRANSFER OUT-GENERAL FUND - - - - - - - - 0.0%0.0%5714-01-00 TRANSFER OUT-DEDICATION FUND - - - - - - - - 0.0%0.0%
5795-01-00 TRANSFER OUT-EDC RESERVE FUND - - - - - - - - 0.0%0.0%
TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
5800-01-00 LAND 10,000 10,000 293,392 293,392 325,000 325,000 164,582 165,000 2933.9%50.6%5813-01-00 KENNEDALE ENTRANCE SIGN 45,000 45,000 - - 45,000 45,000 - - 0.0%0.0%
5820-01-00 BUILDING IMPROVEMENT 15,000 15,000 - - 15,000 15,000 39,209 39,209 0.0%261.4%
5875-01-00 CONSTRUCTION - - 14,144 18,644 - - 83,138 84,000 #DIV/0!#DIV/0!CAPITAL 70,000 $ 70,000 $ 307,536 $ 312,036 $ 385,000 $ 385,000 $ 286,928 $ 288,209 $ 439.3%74.5%
TOTAL EXPENDITURES 287,760 $ 287,760 $ 482,777 $ 543,844 $ 642,470 $ 642,470 $ 563,267 $ 614,219 $ 167.8%87.7%
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND 01: ADMINISTRATION
03: DEBT SERVICE
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5620-01-03 ISSUANCE COSTS - - - - - - - - 0.0%0.0%
5621-01-03 PAYING AGENT FEES - - - - - - - - 0.0%0.0%5643-01-03 2007 $1.2M TAX BOND-INTEREST 76,798 76,798 76,676 76,676 74,365 74,365 74,210 74,210 99.8%99.8%5644-01-03 2007 $1.2M TAX BOND-PRINCIPAL 35,000 35,000 35,000 35,000 40,000 40,000 40,000 40,000 100.0%100.0%5645-01-03 2011 $1.7M TX LEVERAGE-INT - - - - 50,479 50,479 26,938 26,938 0.0%53.4%
5646-01-03 2011 $1.7M TX LEVERAGE-PRI - - - - 131,399 131,399 1,092,012 1,092,012 0.0%831.1%
DEBT 111,798 $ 111,798 $ 111,676 $ 111,676$ 296,243 $ 296,243 $ 1,233,160 $ 1,233,160 $ 99.9%416.3%
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 154,619 154,619 154,619 154,619 153,119 153,119 153,119 153,119 100.0%100.0%
TRANSFER 154,619 $ 154,619 $ 154,619 $ 154,619$ 153,119 $ 153,119 $ 153,119 $ 153,119 $ 100.0%100.0%
TOTAL EXPENDITURES 266,417 $ 266,417 $ 266,295 $ 266,295$ 449,362 $ 449,362 $ 1,386,278 $ 1,386,279 $ 100.0%308.5%
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND 02: TOWN SHOPPING CENTER
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K 4,560 4,560 - - - - - - 0.0%0.0%
SUPPLIES 4,560 $ 4,560 $ -$ -$ -$ -$ -$ -$ 0.0%0.0%
5403-02-00 BUILDING MAINTENANCE 17,790 17,790 21,110 21,749 22,856 22,856 32,348 32,348 118.7%141.5%
MAINTENANCE 17,790 $ 17,790 $ 21,110 $ 21,749 $ 22,856 $ 22,856 $ 32,348 $ 32,348 $ 118.7%141.5%
5501-02-00 ADVERTISING - - - - - - - - 0.0%0.0%
5510-02-00 ASSOC DUES/PUBLICATIONS - - - - - - - - 0.0%0.0%5512-02-00 CONTRACTUAL SERVICES - - - - - - - - 0.0%0.0%
5530-02-00 ELECTRIC SERVICES 7,800 7,800 2,913 3,209 4,200 4,200 3,348 4,200 37.3%79.7%5545-02-00 INSURANCE-PROPERTY 4,000 4,000 3,401 3,401 4,000 4,000 5,881 5,881 85.0%147.0%
5565-02-00 LEGAL SERVICES - - - - - - - - 0.0%0.0%
5570-02-00 SPECIAL SERVICES 6,000 6,000 15,660 16,160 11,580 11,580 18,552 36,580 261.0%160.2%SUNDRY 17,800 $ 17,800 $ 21,973 $ 22,770 $ 19,780 $ 19,780 $ 27,781 $ 46,661 $ 123.4%140.5%
TOTAL EXPENDITURES 40,150 $ 40,150 $ 43,084 $ 44,519 $ 42,636 $ 42,636 $ 60,129 $ 79,009 $ 107.3%141.0%
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND 03: TOWN CENTER REDEVELOPMENT
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5570-03-00 SPECIAL SERVICES - - - - - - - - 0.0%0.0%
5579-03-00 ARCHITECT/DESIGN SERVICES 26,000 26,000 - - - - - - 0.0%0.0%
5580-03-00 ENGINEERING SERVICES 15,300 15,300 11,300 11,300 10,000 10,000 - 10,000 73.9%0.0%
SUNDRY 41,300 $ 41,300 $ 11,300 $ 11,300 $ 10,000 $ 10,000 $ -$ 10,000 $ 27.4%0.0%
5800-03-00 LAND - - - - - - - - 0.0%0.0%
5847-03-00 CONSTRUCTION 127,501 127,501 455,063 455,063 160,000 160,000 124,024 175,000 356.9%77.5%
CAPITAL 127,501 $ 127,501 $ 455,063$ 455,063 $ 160,000 $ 160,000 $ 124,024$ 175,000 $ 356.9%77.5%
168,801 $ 168,801 $ 466,363$ 466,363 $ 170,000 $ 170,000 $ 124,024$ 185,000 $ 276.3%73.0%
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
15: EDC4B FUND 04: TEXAS LEVERAGE FUND PROGRAM
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5565-04-00 LEGAL SERVICES - - - - - - - - 0.0%0.0%
SUNDRY -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
5615-04-00 FUNCTIONAL GRANT - - 14,025 14,025 - - - - #DIV/0!0.0%5620-04-00 ISSUANCE COSTS - - - - 17,000 17,000 17,000 17,000 0.0%100.0%
DEBT -$ -$ 14,025 $ 14,025 $ 17,000 $ 17,000 $ 17,000 $ 17,000 $ #DIV/0!100.0%
5847-03-00 CONSTRUCTION - - - - 1,668,975 1,668,975 - - 0.0%0.0%
CAPITAL -$ -$ -$ -$ 1,668,975 $ 1,668,975 $ -$ -$ 0.0%0.0%
-$ -$ 14,025 $ 14,025 $ 1,685,975 $ 1,685,975 $ 17,000 $ 17,000 $ #DIV/0!1.0%
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
"EXEMPLIFYING EXCELLENCE"
19: EDC4B CAPITAL BOND FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 CATEGORY BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
BEGINNING FUND BALANCE 1,279,351 $ 1,279,351 $ 1,279,351 $ 1,279,351 $ 464,133 $ 464,133 $ 464,133 $ 464,133 $
INVESTMENT EARNINGS 500 500 1,274 1,310 250 250 230 250 254.8%92.1%
TRANSFERS - - - - - - - - 0.0%0.0%
TOTAL REVENUES 500 $ 500 $ 1,274 $ 1,310 $ 250 $ 250 $ 230 $ 250 $ 254.8%92.1%
MAINTENANCE - - - - - - - - 0.0%0.0%
SUNDRY 28,143 28,143 94,990 100,371 250,000 250,000 31,220 104,383 337.5%12.5%
CAPITAL 234,524 234,524 707,509 716,157 95,000 95,000 331,093 360,000 301.7%348.5%TOTAL EXPENDITURES 262,667 $ 262,667 $ 802,498 $ 816,529 $ 345,000 $ 345,000 $ 362,313 $ 464,383 $ 305.5%105.0%
REVENUES OVER EXPENDITURES (262,167)$ (262,167)$ (801,224)$ (815,218)$ (344,750)$ (344,750)$ (362,083)$ (464,133)$
ENDING FUND BALANCE 1,017,184 $ 1,017,184 $ 478,127 $ 464,133 $ 119,383 $ 119,383 $ 102,050 $ (0)$
ADJUSTMENTS
FUND BALANCE AS % OF EXP 387.3%387.3%59.6%56.8%34.6%34.6%28.2%0.0%
RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$
RESERVE SURPLUS/(SHORTFALL)1,017,184 $ 1,017,184 $ 478,127 $ 464,133 $ 119,383 $ 119,383 $ 102,050 $ (0)$
CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
19: EDC4B CAPITAL BOND FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
4401-00-00 INVESTMENT INCOME 500 500 1,274 1,310 250 250 230 250 254.8%92.1%INVESTMENT EARNINGS 500 $ 500 $ 1,274 $ 1,310 $ 250 $ 250 $ 230 $ 250 $ 254.8%92.1%
4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - - - 0.0%0.0%TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
TOTAL REVENUES 500 $ 500 $ 1,274 $ 1,310 $ 250 $ 250 $ 230 $ 250 $ 254.8%92.1%
19: EDC4B CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5403-01-00 BUILDING MAINTENANCE - - - - - - - - 0.0%0.0%MAINTENANCE -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
5525-01-00 TRAINING/SEMINARS - - - - - - - - 0.0%0.0%
5570-01-00 SPECIAL SERVICES - - 11,650 15,400 240,000 240,000 13,750 86,883 #DIV/0!5.7%
5579-01-00 ARCHITECT/DESIGN SERVICES - - 37,217 37,217 - - - - #DIV/0!0.0%5580-01-00 ENGINEERING SERVICES 28,143 28,143 46,123 47,755 10,000 10,000 17,470 17,500 163.9%174.7%SUNDRY 28,143 $ 28,143 $ 94,990 $ 100,371 $ 250,000 $ 250,000 $ 31,220 $ 104,383 $ 337.5%12.5%
5800-01-00 LAND - - 7,273 7,558 25,000 25,000 - 25,000 #DIV/0!0.0%5847-01-00 CONSTRUCTION 234,524 234,524 700,236 708,600 70,000 70,000 331,093 335,000 298.6%473.0%CAPITAL 234,524 $ 234,524 $ 707,509 $ 716,157 $ 95,000 $ 95,000 $ 331,093 $ 360,000 $ 301.7%348.5%
TOTAL EXPENDITURES 262,667 $ 262,667 $ 802,498 $ 816,529 $ 345,000 $ 345,000 $ 362,313 $ 464,383 $ 305.5%105.0%
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
"EXEMPLIFYING EXCELLENCE"
95: EDC4B RESERVE FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 CATEGORY BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
BEGINNING FUND BALANCE 119,637 $ 119,637 $ 119,637 $ 119,637 $ 119,766 $ 119,766 $ 119,766 $ 119,766 $
INVESTMENT EARNINGS 500 500 121 129 240 240 80 100 24.2%33.5%TRANSFERS - - - - - - - - 0.0%0.0%TOTAL REVENUES 500 $ 500 $ 121 $ 129 $ 240 $ 240 $ 80 $ 100 $ 24.2%33.5%
TRANSFERS - - - - - - - - 0.0%0.0%TOTAL EXPENDITURES -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
REVENUES OVER EXPENDITURES 500 $ 500 $ 121 $ 129 $ 240 $ 240 $ 80 $ 100 $
ENDING FUND BALANCE 120,137 $ 120,137 $ 119,758 $ 119,766 $ 120,006 $ 120,006 $ 119,846 $ 119,866 $
ADJUSTMENTS - - - - - - - - FUND BALANCE AS % OF EXP N/A N/A N/A N/A N/A N/A N/A N/A
RESERVE ($112,606 REQUIREMENT)112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $
RESERVE SURPLUS/(SHORTFALL)7,531 $ 7,531 $ 7,152 $ 7,160 $ 7,400 $ 7,400 $ 7,240 $ 7,260 $
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM SUMMARY
"EXEMPLIFYING EXCELLENCE"
95: EDC4B RESERVE FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
4401-00-00 INVESTMENT INCOME 500 500 121 129 240 240 80 100 24.2%33.5%INVESTMENT EARNINGS 500 $ 500 $ 121 $ 129 $ 240 $ 240 $ 80 $ 100 $ 24.2%33.5%
4915-00-00 TRANSFER IN-EDC FUND - - - - - - - - 0.0%0.0%
4920-00-00 TRANSFER IN - - - - - - - - 0.0%0.0%OTHER AGENCY -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
TOTAL REVENUES 500 $ 500 $ 121 $ 129 $ 240 $ 240 $ 80 $ 100 $ 24.2%33.5%
95: EDC4B RESERVE FUND
FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUG ACTUAL PROPOSED AMENDED YTD AUG ESTIMATE YTD %YTD %
5715-00-00 TRANSFER OUT-EDC FUND - - - - - - - - 0.0%0.0%TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
TOTAL EXPENDITURES -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0%
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: REGULAR ITEMS - B.
I. Subject:
Consider an economic development grant for Kooper's Corner.
II. Originated by:
III. Summary:
IV. Recommendation:
V. Alternative Actions:
VI. Attachments:
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: REGULAR ITEMS - C.
I. Subject:
Consider participating in the International Council of Shopping Centers Texas Dealmakers event.
II. Originated by:
Bob Hart, City Manager
III. Summary:
This event will be held in Dallas on November 6 & 7.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1.ISCS ICSC Project Profile-5.pdf
Strategies. Solutions. Success.
Strategies. Solutions. Success.
Strategies. Solutions. Success.
Strategies. Solutions. Success.
1
ICSC Project Profile
9/ 10 / 12
Goal
To generate economic development by showcasing the City’s opportunities at the ICSC
show to the 8,000 – 12,000 retail leaders , company real estate executives , and shopping
center developers who are expected to attend.
Strategy
To create an in -show venue that provides an opportunity to attract new businesses to th e
community by showcasing it to retail leaders, company real estate executives and
shopping center developers by providing information about its development locations,
incentive policies and business opportunities . Orasi’s booth will host a special event that
invites attendees to meet a sports celebrity and e njoy refreshments .
Project
Orasi is offering a 10’ x 10’ space in i ts 40’ x 40’ booth at the ICSC show in Dallas on
November 7 -8 . Orasi’s booth will house three cities in a trade show display setting . The
venue will host a n Afternoon Break that features food, beverages and a special prize
drawing . The booths will attract visitors by featuring food and beverages d uring the 4:30
– 6 PM slot on Wed nesday, 11/7.
As part of the special event, the booth feature s a sports theme that contains an
ESPN/Dallas display, ESPN cheerleaders and station promoti onal giveaways during a
meet -and -greet opportunity with fo rmer Dallas Co wboys all -star lineman Nate Newton.
Nate will be available to sign autographs and pose for photos with attendees. At the end
of the event, Nate will give away a regulation football tha t is personally autographed to
the winner if he or she is present at the drawing. Attendees also will have an opportunity
to win a $500 gift card to a local electronics store.
Prior to the sho w, Orasi will send invitations to each city’s top prospects and the general
show attendees to attend the booth for an introduction to/update on the community. The
invitations will offer a chance to meet Nate Newton and a special incentive to visit the
booth for a chance to win a gift card to an electronics store .
Logistics
Strategies. Solutions. Success.
Strategies. Solutions. Success.
Strategies. Solutions. Success.
Strategies. Solutions. Success.
2
Orasi is dividing its 40’ x 40’ booth into 10’ x 10’ quarte rs in which a client city will
have a display to educate show attendees about the community. Each booth features:
• Pipe & Drape
• A bistro -style table
• Two bistro chairs
• Each city will provide personnel, 6 -foot draped table, waste basket, display
materials, banner and promotional items.
Special Event
Orasi is hosting an Afternoon Break from 4:30 PM to 6 PM on Wednesday, 11/7, that
feature s beverages and the Ball Park Bre ak Feast . The food and beverage items will be
distributed among the city booths .
The event will feature a meet -and -greet appearance by Nate Newton, former Dallas
Cowboys all -star, and a display by ESPN/Dallas radio that will include promotional
items, a sports -oriented display and two ESPN hostesses. Newton will be available for
autographs and photos with booth guests. We will cap the event by giving away an
autographed football by Nate at 6 PM. If the winner is on hand at the drawing, Nate will
personali ze his autograph to the winner. The secondary prize is a $500 gift card at a local
electronics store.
Time Table
ICSC is a two -day show that runs from 7 AM – 8:30 PM each day.
The Deal Making program will run from 3:00 PM – 6:00 PM on Wednesday , November
7 and 9:00 AM – 5:00 PM on Thursday , November 8.
All -inclusive Fee
$7,480
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A.
I. Subject:
Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of Commerce.
1.Chamber updates and introduction of the new Executive Director, Jeremiah Wunneburger
2.TownCenter (parking lot, lease, and sign status, etc)
3.Tax Increment Reinvestment Zone status
4.TxDOT signage status
5.TxDOT Green Ribbon Grant
6.RTR/NCTCOG sidewalk grant
II. Originated by:
Bob Hart, City Manager
III. Summary:
Updates will be given on all of the above topics.
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: EXECUTIVE SESSION - A.
I. Subject:
The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of the Texas
Government Code to deliberate the purchase, lease, or value of real property.
1.Sale of a portion of 1000 E Kennedale Parkway
2.Purchase of property at 1125 W Kennedale Parkway
II. Originated by:
Bob Hart, City Manager
III. Summary:
This discussion will be held during executive session
IV. Recommendation:
V. Alternative Actions:
VI. Attachments:
1.property prop.pdf
2.letter A2.pdf
Staff Report to the Board of Directors
Date: September 25, 2012
Agenda Item No: EXECUTIVE SESSION - B.
I. Subject:
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 whom the
city is conducting economic development negotiations.
1.Review and discuss initiatives for hotel development, including Oak Crest development engineering
contracts.
II. Originated by:
Bob Hart, City Manager
III. Summary:
Bob Hart will present information on this topic during executive session.
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
1.oak crest area OakCresk.pdf
2.draft letter Aliquantus Consulting.docx