01.22.2013 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
January 22, 2013
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
II. ROLL CALL
Present Robert Mundy, Pat Turner, Mark Yeary, Darrell Erwin, Beverly Hayes, Donnie Graham, Rebecca
Mowell
Absent: none.
III. MINUTES APPROVAL
A. Consider approval of minutes from the November 27, 2012 regular meeting.
Motion To approve the minutes with a change to the executive session text ( "will meet" to "met ").
Action Approve, Moved By Pat Turner, Seconded By Mark Yeary
Votes
Yes: Robert Mundy, Pat Turner, Mark Yeary, Darrell Erwin, Beverly Hayes,
No: (none)
Abstain: Donnie Graham, Rebecca Mowell (were not present at the November meeting)
Motion Passed.
IV. REGULAR ITEMS
A. Demonstration of new Economic Development Corporation website.
Paul Stuarlie from Orasi Development presented a beta version of'www.gokennedale.com,' the new
EDC website, to the board. Some small adjustments were requested and will be completed before the
site goes live.
No vote was necessary.
B. Project overview and ends discussion.
Bob Hart presented information to the board related to upcoming development and future plans. This
included a discussion on the TIRZ, Oak Crest development, Towncenter development, and residential
development in the southern portion of town.
No vote was necessary.
C. Review and accept the KEDC Financial Report for Nov 2012
Sakura Dedrick presented the most recent financial statements to the board. No significant changes
were noted.
Motion To approve the financial report as presented. Action Approve, Moved By Pat Turner,
Seconded By Mark Yeary
The motion passed unanimously.
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director, Orasi Development, and the Kennedale
Chamber of Commerce.
1. Chamber update
Jeremiah Wunneberger, Executive Director of the Kennedale Chamber of Commerce
notified the EDC of the upcoming Chamber Legislative day trip to Austin in February. He
encouraged any available members to attend.
2. TownCenter update
Bob Hart gave an update on the status of TownCenter, noting that Cypress Properties has
a solid lead on a second tenant for Chicken Express building. As a result the second
building should be built in 2013.
3. Tax Increment Refinancing Zone status
Bob Hart gave an update on the TIRZ, noting that participation agreements would be
prepared in February.
4. Sale of property at 601 E. Kennedale Parkway
Bob Hart gave an update on the property
5. Oak Crest Development update
Bob Hart gave an update on Oak Crest, noting that the city was working with Tarrant
County to pursue construction of Link Street and purchase of the right of way was in
progress.
The board recessed into executive session at 8:40 PM.
VI. EXECUTIVE SESSION
A. 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 incentives for hotel development, including Oak Crest development.
B. 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 property 1000 E. Kennedale Parkway
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
The board reconvened into open session at 8:50 PM.
No action was necessary.
The next meeting will be held on Tuesday, February 26 th at 7:15PM.
H1U.ADJC}URNK8ENT
Motion Toadjourn. Action Adjourn, Moved Bv Rebecca W1oweU. Seconded Bw Darrell Erwin.
The motion passed unanimously.
The meeting was adjourned at8:51PM.
ATTEST:
, City Secretary
APPROVED
President Robert M60dy?�
FIFIF