09.25.2012 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
September 25, 2012
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
President Mundy called the meeting to order at 7:17 PM.
II. ROLL CALL
Present Robert Mundy, Beverly Hayes, Rebecca Mowell, Mark Yeary, Darrell Erwin, Pat Turner, Donnie
Graham
111. MINUTES APPROVAL
A. Consider approval of minutes from August 28, 2012 regular meeting.
Motion To approve the minutes with a correction to the header, changing the word agenda to the word
minutes,, Action Approve, Moved By Darrell Erwin, Seconded By Rebecca Mowell
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for August 2012
Motion To approve the August financial report as presented., Action Approve, Moved By Rebecca
Mowell, Seconded By Darrell Erwin
Motion Passed Unanimously
B. Consider an economic development grant for Kooper's Corner.
Bob Hart noted that the new owner of this shopping center has asked for incentives for several
aspects of the center.
Motion To authorize no more than $6,000 in improvements, including the electronic sign from the
City., Action Approve, Moved By Pat Turner, Seconded By Beverly Hayes.
Motion Passed Unanimously.
C. Consider participating in the International Council of Shopping Centers Texas Dealmakers event.
Jack Thompson from Orasi Development approached the board, noting that this event is held annually
and functions as a location for businesses to network with development locations within Texas.
Mr Thompson noted that as the EDC now owns a considerable amount or property, this event would
be a great way to showcase what Kennedale has to offer.
Motion To authorize participation in the International Council of Shopping Centers Texas Dealmakers
event., Action Approve, Moved By Pat Turner, Seconded By Donnie Graham.
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, Jeremiah Wunneburger
Bob Hart introduced the new director.
2. TownCenter (parking lot, lease, and sign status, etc)
Bob Hart noted that this project was well underway.
3. Tax Increment Reinvestment Zone status
Bob Hart noted that this project is well underway.
4. TxDOT signage status
Bob Hart noted that this process was still under discussion.
5. TxDOT Green Ribbon Grant
Bob Hart noted that work on this project was also well underway.
6. RTR /NCTCOG sidewalk grant
Bob Hart noted that this project was projected to begin next summer, depending on the
planning process with TXDOT.
President Mundy closed the regular session and entered Executive Session at 8:12.
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
President Mundy called the meeting back into regular session at 8:26 PM.
No action pursuant to executive session was necessary.
The next regular meeting will be held on October 30th, 2012.
Vill. ADJOURNMENT
Motion Adoum, Action Adjourn, Moved By Pat Turner, Seconded Bv Beverly Hayes.
Motion Passed Unanimously
The meeting was adjourned at8:3OPM.
Preside *totbert Mundy
Amethyst G. V 'Irmo, City Secretary