06.26.2012 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS o REGULAR MEETING
June 26, 2012
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
CALL TO ORDER
President Mundy called the meeting to order at 7:15 PM
II. ROLL CALL
Roll Call
Present Darrell Erwin, Robert Mundy, Donnie Graham, Mark Yeary, Rebecca Mowell, Pat Turner,
Beverly Hayes
III. WORKSHOP
ROLL CALL (City Council): John Clark, Brian Johnson, Liz Carrington, Frank Fernandez, Kelly Turner.
At this time the Economic Development Corporation will hold a joint meeting with the Kennedale
City Council to discuss the following items:
A. Discuss development preferences for Oak Crest and Kennedale Parkway.
Bob Hart approached the EDC and City Council with regard to the design, architectural, and
development goals of both groups. Both City Council and the EDC noted a preference for modern,
clean, structures. Stonework was also mentioned.
B. Discuss, TxDOT signage on Interstate Highway 20.
Bob Hart noted that the City and the EDC would need to begin to discuss implementation of signage
on Interstate Highway 20 to help drive business development in the city.
IV. MINUTES APPROVAL
A. Consider approval of minutes from regular meeting dated May 22, 2012.
Motion, Action Approve, Moved By Darrell Erwin, Seconded By Rebecca Mowell
Motion Passed Unanimously
V. REGULAR ITEMS
A. Review KEDC Financial Report.
Sakura Dedrick approached the board with the most recent financial report. No significant changes
were noted.
Motion, Action Approve, Moved By Rebecca Mowell, Seconded By Mark Yeary
Motion Passed Unanimously
B. Consider first amendment to the Economic Development Corporation's agreement for development
of the Kennedale TownCenter.
Bob Hart noted that this amendment would extend the time period for Cypress Properties to develop
certain pads of land in the TownCenter.
Motion, Action Approve, Moved By Rebecca Mowell, Seconded By Pat Turner
Motion Passed Unanimously
VI. STAFF ANNOUNCEMENTS /REPORTS
A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of
Commerce.
1. Chamber of Commerce update
Bob Hart noted that the Chamber had recently hired a new executive director, Jesse Elizondo.
2. TownCenter status
Bob Hart explained that the parking lot around the old Subway building area would need to be
completed in the near future and that he was currently gathering financial and other
information on this project.
3. Property listing
This discuss was postponed until the July meeting.
4. New Hope Road TIRZ District with Tarrant County
Bob Hart noted that the Council would be voting on this item at the July 12, 2012 regular City
Council meeting.
President Mundy closed the regular session and entered executive session at 8:33 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.
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. 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 9:02 PM.
No action pursuant to executive session was necessary.
The next regular EDC meeting will be held on July 24, 2012 at 7:15 PM.
IX. ADJOURNMENT
Motion , Action Adjourn, Moved By Donnie Graham, Seconded By Rebecca Mowell
Motion Passed Unanimously
The meeting was adjourned at 9:07 PM
APPROV J Y e-e"- -
Preside t obert Mundy
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ATTEST: A v i d L
Amethyst G. Cj o, City Secretary