04.23.2013 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
April 23, 2013
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, Mark Yeary, Rebecca Mowell, Donnie Graham, and Pat Turner
Absent: Darrell Erwin and Beverly Hayes
III. MINUTES APPROVAL
A. Consider approval of regular meeting minutes from March 26, 2013.
Motion To approve the minutes as presented. Action Approve, Moved By Pat Turner, Seconded
By Donnie Graham.
Votes:
Aye: Robert Mundy, Mark Yeary, Rebecca Mowell, and Pat Turner
Nay: none
Abstentions: Donnie Graham
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for Feb 2013.
Sakura Moten - Dedrick presented the report.
Motion To approve the February 2013 financial report as 'presented. Action Approve, Moved By
Rebecca Mowell, Seconded By Mark Yeary. The motion passed unanimously.
A. Updates and information from Orasi Development.
1. TownCenter Update
2. Tax Increment Refinancing Zone Update
3. Oak Crest Development Update
4. TXDOT /RTR Project updates
Executive Director Bob Hart gave an update on these topics, noting that the replacement of the
TownCenter sign was underway and that the city would be presenting information on the Tax
Reinvestment Zone Number One to Tarrant County College on June 20, 2013. He also noted that the
welcome to Kennedale sign on Kennedale Parkway had been approved and that the development of
Link Street was underway. The TXDOT /RTR contract has been completed, and the next step is to
complete the environmental impact study and RFQ for engineering services.
The board recessed into executive session at 7:46 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 the Link Street Extension.
2. Review and discuss incentives for the proposed urgent care clinic at 1298 W. Kennedale
Parkway.
3. Review and discuss incentives for industrial development on Industrial Dr.
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. Discuss the sale of Oak Crest pad sites on Kennedale Parkway.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
No action was necessary.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Rebecca Mowell. Seconded By Pat Turner. The motion
passed unanimously.
The meeting was adjourned at 8:44 PM.
ATTEST:
methyst G. Ormo, City Secretary
APPROVED: —'�\ , '�' X —
L 'Or4sident Robert Mu dy