05.28.2013 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
May 28, 2013
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
1. CALL TO ORDER
President Mundy called the meeting to order at 7:18PM.
11. ROLL CALL
Present: Pat Turner, Donnie Graham, Robert Mundy, Mark Yeary
Absent: Beverly Hayes, Rebecca Mowell, Darrell Erwin
II1. MINUTES APPROVAL
A. Consider approval of minutes from April 23, 2013 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Pat Turner, Seconded By
Donnie Graham
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for Mar 2013.
Sakura Moten - Dedrick presented the financial report.
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from Orasi Development.
1. TownCenter Update and sign application
Bob Hart noted that this item had recently passed through the Planning and Zoning
Commission and would be brought to Council in June.
2. Tax Increment Refinancing Zone Update
Bob Hart noted that this item would be presented to Tarrant County Community College
District on June 20, 2013.
3. Oak Crest Development and Link Street Update
Bob Hart noted that Link Street was well on its way and that almost all right of way /property
had been acquired.
4. TXDOT /RTR Project updates
Bob Hart noted that the Kennedale Parkway sidewalk project engineering design was
underway.
5. Village Creek Status
Bob Hart noted that he was currently working with the Corps of Engineers on this project.
6. Review Business 287 Corridor plan report from UTA capstone group
Bob Hart presented the students' powerpoint to the board.
The board entered executive session at 8:15PM.
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 120 Industrial Dr.
4. Review and discuss incentives for medical facility at 405 W. Kennedale Parkway.
5. Review and discuss incentives for a skate facility at 1020 Bowman Springs Rd.
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
The board reconvened into open session at 9:47PM.
No action pursuant to executive session was necessary.
VIII. ADJOURNMENT
Motion adjourn. Action Adjourn, Moved By Pat Turner, Seconded By Donnie Graham.
Motion Passed Unanimously
The meeting was adjourned at 9:52PM.
APPROVED:
President Robert Mundy
ATTEST:
City Sec etary A ethyst G. Cirmo