07.30.2013 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
July 30, 2013
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
1. CALL TO ORDER
President Mundy called the meeting to order at 7:15 PM.
11. ROLL CALL
Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell,
Absent: Beverly Hayes, Darrell Erwin, Donnie Graham,
III. MINUTES APPROVAL
A. Consider approval of minutes from June 25, 2013 meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Pat Turner Seconded
By Rebecca Mowell
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Discuss and approve FY2013 -14 Proposed Budget for recommendation to City Council.
Bob Hart and Sakura Moten - Dedrick presented the draft proposed budget. The board discussed the
cash shortage and the need to sell land. The board review expenses to ensure all un necessary. cuts
had been made. While not happy, the board felt that the budget was appropriate.
Motion To approve FY2013 -14 Proposed Budget for recommendation to City Council as presented.
Action Approve, Moved By Pat Turner Seconded By Mark Yeary
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director:
1. Listing agreement at 1000 E. Kennedale Parkway
Bob Hart noted that this agreement had been completed.
2. Dance Studio in Kennedale TownCenter
Bob Hart noted that there was some interest from a dance studio in TownCenter
Bob Hart also noted that there would be a meeting on form -based codes in the near future and
that he would like a few members of the board to attend. The meeting date will be sent out in
the near future.
President Mundy recessed into executive session at 8:02 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.
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.
Discuss the sale and replat of Oak Crest pad sites on Kennedale Parkway.
2. Discuss the sale of 1000 E Kennedale Parkway.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 8:35 PM.
No action pursuant to executive session was necessary.
VIII. ADJOURNMENT
The next meeting will be held on August 27.
Motion adjourn. Action Adjourn, Moved By Pat Turner, Seconded By Rebecca Mowell.
Motion Passed Unanimously
The meeting was adjourned at 8:20 PM.
APPROVED:
President Robert Mundy
ATTEST:
City Se etary Amethy G1