06.25.2013 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
June 25, 2013
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
1. CALL TO ORDER
President Mundy called the meeting to order at 7:15PM.
II. ROLL CALL
Present: Pat Turner, Donnie Graham, Robert Mundy, Mark Yeary, Rebecca Mowell,
Absent: Beverly Hayes, Darrell Erwin
III. MINUTES APPROVAL
A. Consider approval of minutes from May 28th, 2013 meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Donnie Graham
Seconded By Rebecca Mowell
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for April 2013.
The report for this month has been postponed until July.
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from Executive Director:
1. TownCenter sign status.
Bob Hart noted that the new sign had been approved by City Council and had been ordered.
2. Tax Increment Refinancing Zone Status
Bob Hart noted that the TIRZ had been approved by the Tarrant County College District.
3. Village Creek Status
Bob Hart noted that he recently attended a meeting with the City of Arlington and the Trinity
River Authority regarding a 319 grant and a 205 study that were being discussed in the region.
4. Listing agreement at 1000 E. Kennedale Parkway
Bob Hart noted that an agreement had been reached with Jerry Alexander from Transwestern.
5. Chamber Board discussion
Bob Hart noted that the Kennedale Chamber of Commerce was discussing the possibility of
designating one seat on the Chamber board to an EDC member.
Bob Hart also discussed a potential 380 agreement for 4130 S Eden Road.
The board entered executive session at 7:30PM.
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 industrial development 120 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
The board reconvened into open session at 8:10PM.
No action pursuant to executive session was necessary.
VIII. ADJOURNMENT
The next meeting will be held on July 30.
Motion adjourn. Action Adjourn, Moved By Pat Turner, Seconded By Donnie Graham.
Motion Passed Unanimously
The meeting was adjourned at 8:20 PM.
APPROVED:
.w, � „ .
President Robert Mundy
ATTEST:
City Secretary Amethyst G. Cirmo
10 _., r f_ 1 • - 1 f