05.22.2012 EDC MinutesECONOMiC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
May 22, 2012
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
President Mundy called the meeting to order at 5:16 PM.
II. ROLL CALL
Roll Call
Present Darrell Erwin, Robert Mundy, Donnie Graham, Mark Yeary, Rebecca Mowell
Absent/Excused Pat Turner, Beverly Hayes
III. MINUTES APPROVAL
A. Consider approval of minutes from regular meeting dated April 24, 2012.
Motion To approve the minutes as presented
Seconded By Mark Yeary
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review KEDC Financial Report.
, Action Approve, Moved By Donnie Graham,
Finance director Sakura Moten - Dedrick presented the financial report
Motion To approve the report as presented
Seconded By Rebecca Mowell
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
, Action Approve, Moved By Darrell Erwin,
A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of
Commerce.
B. Bob Hart noted that the City Council accepted Mayor Lankhorst's resignation earlier that
evening.
1. Chamber of Commerce update
Mr. Hart noted that Frank Rodasky had accepted the position as the new Executive
Director of the Chamber and noted that the Economic Development Corporation was
selected as business of the year at the last chamber luncheon.
2. Hotel development
Discussion related to this area has been ongoing and the EDC and the City are still
speaking with developers.
3. TownCenter Status
Bob Hart noted that the pad site for the next building would need to be prepared in the
near future.
4. Land activity
Mr. Hart noted that the City Council had voted to placed certain property up for bid and
give the EDC the opportunity to bid on that property.
5. Red Roadhouse Restaurant
Red's Roadhouse will open on May 31
6. QuickTrip update
QuickTrip is currently under construction.
7. Road project update
Current projects should be complete by the end of the month. The dedication will take
place August 4, 2012.
Bob also noted that a letter from the Greater Fort Worth Builder's Association had been
received. The letter state that Kennedale has been selected as a finalist for the
community spotlight award.
The next regular meeting will be held on June 26, 2012,
VI. ADJOURNMENT
Motion , Action Adjourn, Moved By Mark Yeary, Seconded By Darrell Erwin
Motion Passed Unanimously
The meeting was adjourned at 7:50 PM
ATTEST: l v d
Amethyst G. Cir , o, City Secretary
APPROVED. �'`�/ °R
resident �rt Mu dy