Loading...
2008_04.15 EDC Agenda Packet (2)NOTICE OF MEETING OF THE BOARD OF DIRECTORS ECON • � a C f , �; w K ENNE DA LE, TEXAS Notice is hereby given that a Regular Meeting will be ht day o Apr 1 008 1 at 7015 .M., Development Corporation Board of Directors on the Y in the Kennedale Municipal Building, Conference Room located at 405 Municipal Drive, Kennedale, Texas, at which time the following subjects will be discussed to wit: SEE ATTACHED AGENDA Dated this 10th day of April 2008. By: Robert P Mundv President eeting of I, the undersigned authority, do hereby certify that e is a true and correct copy of the Economic Development Corporation Board of Di r ectors of said Notice on the bulletin board said Notice and that I posted a true and correct copy of City Hall of said City in Kennedale, Texas, a place convenient and readily accessible to the general public at all times, and said Notice was postedloa April 10,s2p0r08 at 1 the o'clock A.M., and remained so posted continuously o a scheduled time of said Meeting. ed Persons with disabilities who plan to attend this meet ho are d w o om hen e g auxiliary aids or services such as interpreters for p impaired, readers, large print, are requested to contact t n u amen Baca n 17 made1 fi (5) work days prior to the meeting so that a ppropriate g Dated this the 10 day of April 2008. By: Kathy Turner, Secretary to EX CALL, TO ORDER ROLL CALL I. REGULAR ITEMS a. Review and consider approval of minutes: Special meeting dated March 4, 2008 Regular meeting dated March 18, 2008. b. Review and discuss financial monthly reports.. C. Review and consider amending guidelines, definitions, and performance agreement requirements for Visual/Functional Revitalization Grants. d. Review of Documentation and Authorization to reimburse Mark Watson dba R.E. Watson & Associates for approved functional improvements of up to a maximum of $13,881.86 in Functional Grant funding. II. STAFF ANNOUNCEMENTS/REPORTS a. Executive Director Announcement/Reports. b. KEDC Director Announcement/Reports. III. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS a. President Announcements /Reports b. Board of Directors Announcements/Reports IV. EXECUTIVE SESSION The Board of Directors will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, sale, exchange, lease, or value of real property. a. Subway b. Kennedale Retail Center leasing procedures. V. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION. N MI, Jf' Date: April 7, 2008 Subject: Review and consider approval of meeting minutes: March 4, 2008 — Special Meeting March 18, 2008 — Regular Meeting Originated b y: Kathy Turner, KEDC Secretary Summary: Draft copy of minutes reflecting action taken during special meeting dated March 4, 2008, and regular meeting dated March 18, 2008. Recommendation: Recommend Approval. Nt o u) ' - ) - Palul v 2C� lw"-, e�vvicd -4-() 261 KENNEDALE ECONOMIC DEVEE.OPMENT CORPORATION BOARD ;0R.:!DIACTOi S SPEC 1AL WEET1 NG — :( MARCH 4, 2008 405 MUNI .IPiL1L OR. - K NNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President, Robert Mundy called the special meeting to order at 7:18 p.m. Members present: President, Robert Mundy, Board of Directors, Darrell Erwin, Rebecca Mowell, and Doug Parker. Vice - President, Beverly Hayes anfived at 7:20 p.m. Members absent: Board of Director, Donnie Graham. Staff present: Mike Soab, KEDC Director and Kathy Turner,. Secretary. I. REGULAR ITEMS a. Review and consider Functional Revitalization Grant for Sundance Metal Fabricators, LLC located at 6705 and 6709 Lindale Rd., Kennedale, TX, requested by Chris Rogers. Darrell Erwin moved to approve Functional Revitalization Grant for Sundance Metal Fabricators, LLC. on a 1/7 ratio, max pay out of Thirty Thousand Dollars ($30,000.00), second by Rebecca Mowell. Motion carried (5 -0). b. Review and consider Visual Revitalization Grant for Sundance Metal Fabricators, LLC located at 6705 and 6709 Lindale Rd., Kennedale, TX, requested by Chris Rogers. Doug Parker move to approve Visual Revitalization Grant for Sundance Metal Fabricators, LLC. On a 1/3 ratio, max pay out of Five Thousand Dollars ($5,000.00), second by Vice - President, Beverly Hayes. Motion carried (5 -0). Vice President, Beverly Hayes moved to adjourn the meeting at 8:42 p.m., second by Doug Parker. Motion carried (5 -0). APPROVED: President, Robert P. Mundy ATTEST: Kathy Turner, Secretary to EDC 262 KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD 0F.,DI06'` 0 k i . REGULAR MEET[ — NIP.RC ` 18, 2008 405 MUNICH' DR- I]EDA,E MUNICIPAL BLDG. CQIFEINCE ROOM President, Robert Mundy callec�le meeting to order at 7:16 p.m. Members present: President, Robert Mundy, Vice - President, Beverly Hayes, Board of Directors, Rebecca Mowell, Megan Husby, Doug Parker, Darrell Erwin, and Donnie Graham. Members absent: None Staff present: Bob Hart, KEDC Executive Director, Mike Soab, KEDC Director, and James Cowey, Building Official. a. Introduction and seating of Megan Husby, new KEDC Board of Director (Place 6). President, Robert Mundy welcomed new Board of Director, Megan Husby to the board. b. Review and consider minutes: regular meeting dated February 19, 2008 and special meeting dated March 4, 2008. Doug Parker moved to approve the meeting minutes dated February 19, 2008 as submitted, and moved to approve the meeting minutes dated March 4, 2008 contingent upon correction to item I -b motion to reflect "On a ratio of 1/1" Motion second by Rebecca Mowell. Motion carried (7 -0). C. Review and consider Visual Revitalization Grant for new Subway Sandwich Shop in future TownCenter Kennedale Project. Rebecca Mowell moved to approve Visual /Functional Revitalization Grants on a 1/7 and 1/3 ratio. Motion second by Donnie Graham. President, Robert Mundy moved to amend motion to decrease Visual grant to zero and increase Functional grant by $10,000.00. Motion failed due to lack of second. Original motion passed 6 to 1 with Rebecca Mowell, Donnie Graham, Vice - President, Beverly Hayes, Megan Husby, Doug Parker, and Darrell Erwin voting aye, while President, Robert Mundy voted nay. Motion carried. d. Review and consider Functional Revitalization Grant for new Subway Sandwich Shop in future TownCenter Kennedale Project. This item was approved under Item I -c. 263 e. Review financial monthly reports. Mike Soab, KEDC. Director advised the Board that six months of reports would be available for review at the next KEDC meeting. Soab also advised that the audit year -end was included in the packet for review, and if any questions arise to please email him and he would forward to the Director of Finance for his review and response. Board of Directors questioned the timing of reports being presented and recommended reports are available in the packets for review.' f. Review and discuss status of TownCenter Plaza project. Mike Soab, KEDC Director provided an update to the TownCenter Plaza fountain and eagle statue, which would pay tribute to our Veterans. In addition, Park Board Members David Smith, and Mike Bevill were present to give insight to the TownCenter Plaza. Smith thanked the Board for allowing the Park Board to participate in the project, and said that the Board is very receptive to the project. Bevill added that he had visited with some Veterans and that they are very pleased with the idea that the City is recognizing their efforts. He said that the Park Board unanimously supports the project, and is also looking into selling bricks and benches for the plaza, as well as installing a brass plaque noting the dedication. g. Review and discuss job description for KEDC Board of Directors. Bob Hart, City Manager and KEDC Executive Director provided a generic KEDC job description similar to the other city board /commission member descriptions for review. Recommended revisions were discussed with final draft to be presented to the board along with the other city board /commission descriptions prior to the next meeting. II. STAFF ANNOUNCEMENTS/REPORTS a. Executive Director Announcement/Reports. Bob Hart, City Manager and Executive Director reminded the board of the upcoming appreciation dinner to be held on March 27 at 6 :30 p.m. in the Life Fellowship Church, and reminded each to submit their dinner selection. KEDC Director Announcement/Reports. No announcements and or reports. a. President Announcements /Reports President, Robert Mundy reported on the following: 1. Recommended scheduling a workshop to review requirements for visual/functional grants; 2. Recommended monthly financial reports be included in packets; 264 3. Recommended email responses be curtailed to KEDC Director only to prevent violations in the Open Meetings Act. b. Board of Directors Announcements/Reports Board of Directors suggested legal counsel attend the workshop to receive clarification on what grant monies can and cannot be spent on. Bob Hart, City Manager and KEDC Executive Director recommended that a 4A and 4B consultant be brought in to advise the Corporation on current trends and current practices. The Board of Directors will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, sale, exchange, lease, or value of real property. No executive session was held. PURSUANT V. RE CONVENE INTO OPEN SESSION AND,TAKE ACTION NECESSARY O , No executive session was held. Megan Husby moved to adjourn the meeting at 8:49 p.m., second by Donnie Graham. Motion carried (7 -0). APPROVED: President, Robert Mundy ATTEST: Kathy Turner, Secretary to EDC ���� , , r RZE All, I Date A p 11 r . ~ • . Subject: Review and consider amending guidelines, definitions, and performance . reement requirements f Visual/Functio Revitalization Grants. Ori by: r Soab D - • At the EDC's March 18, 2008 meeting, the Board reviewed some aspects of Visual and Functional Grants as part of considering Subway's requests for grant assistance. During Subway's review process — the Board voted to include Subway's. storefront and street signage as part of the Visual Revitalization review process and awarded them a Visual Grant for such improvements. Additionally, it was decided that the Board wishes to further clarify and define what proposed applicant revitalization efforts fall under which category. At the March 18, 2008 meeting, Board President Mundy submitted a spreadsheet listing Grant category suggestions and this spreadsheet is attached as a stimulus for beginning discussions. Attached are the Grant Information handouts that are given to potential applicants in beginning the grant request process. Additionally attached is a blank Performance Agreement form. Recommendation: Definitive guidelines for Visual & Functional Grants and Performance Agreements would benefit staff, applicants, and Board Members in the Grant review and consideration process and help to standardize revitalization categories and performance requirements. n l I'A XG— ra 1. Applicant owns a parcel of real estate located at within the corporate limits of the City of Kennedale, hereafter referred to as the "Property." 2. The Corporation has determined and found that the ,Project and Improvements, as herein defined, meet the purposes of the Corporation's Commercial Revitalization Grant Program in that they will provide improvements to businesses or commercial property that will in turn add economic value to the City. 3. Corporation, which has determined that substantial economic benefit and the creation of new opportunities of employment will accrue to City as a result of Applicant's development and operation of the Project (as hereinafter described), desires to have Applicants construct Improvements in connection with the opening of a new . This development will increase the taxable value of the Property and will indirectly result in the creation of additional jobs throughout the City and the value of the benefits of the Project will outweigh the amount of expenditures required of the Corporation under this Agreement. 4. Corporation, to encourage the development and operation of the Property, desires to participate in the funding of the cost of improvements as set forth in Applicant's applications for a Visual Revitalization Grant and a Functional Revitalization Grant (the "Grant Applications "). NOW, THEREFORE, in consideration of the mutual benefits and promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: i This Agreement is authorized by Texas Civil Statutes Annotated art. 5190.6, Section 413. C: \Documents and Settings \I<turner.KENNEDALETX.000 \Local Settings \Temporary Internet Files \OLK20D \BLANK - Performance Agreement - Grants.doc Page 1 CITY means the City of Kennedale, Texas. IMPROVEMENTS means the improvements set forth in detail in the Grant Applications, which are incorporated fully herein. P R O JECT means a new PROPERTY means the tract of land described as located at Kenn-dale, Texas 76060. This Agreement shall be effective as of the date of execution of all parties. This Agreement will terminate upon expiration of year(s) after the written documentation required by Section 7(b) of this Agreement is received by the Corporation or as otherwise provided for in this Agreement. If Applicant has not commenced substantial construction of the Improvements within six (6) months from the date of execution of this Agreement, this Agreement shall terminate and the Corporation shall have no further obligation hereunder. (a) In consideration of Corporation agreeing to pay Applicant monies in accordance with the terms and conditions of this Agreement, Applicants agree to: (1) Design and construct the Improvements; (2) Occupy and operate the Project as a for (X) year(s) after the written documentation required by Section 7(b) of the Agreement is received by the Corporation; C: \Documents and Settings \kturner.KENNEDALETX.000 \Local Settings \Temporary Internet Files \01-K20D\BLANK - Performance Agreement - Grants.doc Page 2 (b) Applicant agrees to render the Property to the Tarrant County Appraisal District and remain current on all property taxes for the term of this Agreement. All rights, covenants, restrictions, burdens, privileges and charges, set forth in this Agreement shall exist at all times as long as this Agreement is in effect, among all parties having any right, title or interest in any portion "of all of the Property. Applicant shall be solely responsible for the design and construction of the Improvements and shall comply with all subdivision regulations, building codes and other ordinances of the City applicable to the Project. (a) Corporation shall participate with Applicant (at a rate of one grant dollar per each two dollars of Applicant expenditures) in the cost to construct the approved VISUAL Improvements in an amount not to exceed Five 'Thousand Doll (b) Corporation shall participate with Applicant fat a rate of one grant dollar per each six dollars of Applicant expenditures) in the cost to construct the approved FUNCTIONAL Improvements in an amount not to exceed Thirty Thousand Dollars ($30,000.00). (c) Corporation shall make payment to Applicants thereof within forty five (45) days after a certificate of occupancy is issued by the City for the Improvements and the submission to the Corporation of satisfactory documentation evidencing the expenditures for the construction of the Improvements. MEMIN M Applicant agrees to permit Corporation to erect a sign on the Property which may state that the Corporation has provided funding for the Project, and to allow the KEDC C: \Documents and Settings \kturner.KENNEDALETx.000 \Local Settings \Temporary Internet Files \01-K20D\BLANK - Performance Agreement - Grants.doc Page 3 to use the name • representations of • • r , • the Project in promotion of the City of Kennedale and the Corporation. Applicant agrees to provide the Corporation access to information related to the construction of the Improvements and reimbursement of Project expenditures during regular business hours upon reasonable notice. 11. Default. If a party should default (the "Defaulting Party ") with respect to any of its obligations hereunder and should fail, within thirty (30) days after delivery of written notice of such default from another party (the "Complaining Party ") to cure such default, the Complaining Party, by action or proceeding at law or in equity, may be awarded its damages and /or specific performance for such default. Applicant and the Corporation shall do all things necessary or appropriate to carry out the terms and provisions of this Agreement and to aid and assist each other in carrying the terms and provisions. C; \Documents and Settings \kturner.KEN NEDALETX.000 \Local Settings \Temporary Internet Files \OLK20D \BLANK - Performance Agreement - Grants.doc Page 4 t' Applicant represents and warrants to the Corporation that it has the requisite e authority to enter into this Agreement. Applicant represents and warrants to Corporation that it will not • - any federal, or i operating the business, i' all proposed ••- i i - - nts shall conform to :•• • building •• es, zoning ordinances and all other ordinances and regulations. 14, Section or Other Headings. Section or other headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 15. Attorneys Fees. In the event any legal action or process is commenced to enforce or interpret provisions of this Agreement, the prevailing party in any such legal action shall be entitled to recover its necessary and reasonable attorneys' fees and expenses incurred by reason of such action. This Agreement contains the entire agreement between the parties with respect to the transaction contemplated herein. This Agreement may only be amended, altered, or revoked by written instrument signed by Applicant and the Corporation. This Agreement shall be binding on and inure to the benefit of parties, their resp- t - successors ✓ • assigns. assign or part i . rights obligations hereun•_ only upon prior written approval i • . . approval shall not be unreasonably withheld or delayed. Any notice and /or statement required and permitted to be delivered shall be deemed delivered by depositing same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other addresses provided by the parties in writing: C: \Documents and Settings \kturner. KEN NEDALETX.000 \Local Settings \Temporary Internet Files \OLK20D \BLANK - Performance Agreement - Grants.doc Page 5 Kennedale Economic 405 • Drive Regardless of the actual drafter of this Agreement, this Agreement shall, in the event of any dispute over its meaning or application, be interpreted fairly and reasonably, and neither more strongly for or against any party. This Agreement is made, and shall be construed and interpreted under the laws of the State of Texas and venue shall lie in Tarrant County, Texas. In the event any provision of this Agreement is illegal, invalid, or unenforceable under present or future laws, then, and in that event, it is the intention of the parties hereto that the remainder of this Agreement shall not be affected thereby. r This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. Nothing contained in this Agreement is intended by the parties to create a partnership or joint venture between the parties. TI C: \Documents and Settings \kturner.KENNEDALETX.000 \Local Settings \Temporary Internet Files \OLK20D \BLANK - Performance Agreement - Grants.doc Page 6 �t:m 4 .1#i'i — i` 'iii n199*11 Date: C: \Documents and Settings\kturner. KEN NEDALETX. 000\Local Settings \Temporary Internet Files \OLK20D \BLANK - Performance Agreement - Grants.doc Page 7 A N ECOMMic DEVELOPYWENIF COMPOMMON 1101TM The property being improved must be in the city limits • Kennedale. In order to qualify, a proposed project must start after grant approval and completed within six months of the award. No grant reimbursement funds will be paid until the project is completed and verified by a KEDC representative(s) and a satisfactory Performance Agreement is executed by both parties, Cost incurred prior to the date of the grant approval may not be recognized for matching funds. The award of grants and the amount of grants will be at the sole discretion of the Corporation. The Corporation may, at any time, change, amend, or add now guidelines and criteria for grants. For more detailed information and or application form please contact the Economic Development Office at (817) 572-1171 • you may E-mail the Economic Development Office at msoab@cityofkennedale.com I , s �r {" The purpose of the Commercial Revitalization Grant Program is to encourage functional and visual improvements of commercial properties by providing incentives to businesses or property owners in the City of Kennedale that add economic value to the city. Program Implementation FY04 (Oct 06 through Sept 07) For Fiscal Year 2006 (October 2006 through September 2007), the Kennedale Economic Development Corporation (Corporation) will consider awarding grants to applicants that demonstrate in their applications that improvements to businesses or commercial property within the city limits of the City meet the purposes of the grant program. Grants will focus on the following gene I guidelines: �r 1. Grants to reimburs costs for exterior visual improvements will be awarded up to a maximum of $," per address not to exceed a one - dollar grant to two- dollar equity ratio. Fa r- Ah "rope4"wner -and $4 908-fr m-a- gFaa#4fe e Corp o ratio n ndscap mg proJec a co 0. rants to r ' ba�ua.,, urse costs for functional W mpro�iements will be awarded up to a maximum of $3®,000 per a wnG -exceed. on e- dollar grant to six - dollar equity ratio. For example -0 00 from the property owner and 20,000 from a grant from the Coro ati could fund an upgrade of manufacturing equipment project that cost $140;000. Only costs from a vendor for purchased labor or materials will be recognized for matching funds. Costs for the applicant's employee labor or in -stock materials are not eligible for reimbursement. Use of Kennedale vendors is encouraged but not required. 0T -5% Awards will be limited to one visual improvement and one functional improvement grant for the FY- -06=87 period per address. The property being improved must be within the city limits of Kennedale. 6- aapplications are required for visua improvemen an unc i al im ro gr t� 6 In order to qualify, a proposed project must start after grant approval and completed within six months of the award. The Corporation may, at its sole discretion, extend the period of performance. The City Staff will verify both the start of work and completion. No grant reimbursement funds will be paid until the project is completed. Costs incurred prior to the date of the grant approval may not be recognized for matching funds. Page 1 of 3 0 . ,. 1. Complete the Commercial Revitalization Grants application. The Economic Development Corporation will notify applicants within no more than 0 days if a grant has been awarded. 2. If a grant has been awarded, the project must be completed within six months. 3. When the project is complete, the applicant must request the city staff to verify completion and costs. Costs not substantiated with actual invoices, receipts, etc. require advance coordination with the City Staff. Upon notification by the staff that the project has been completed and a satisfactory Performance Agreement has been executed by both parties, the Corporation will transfer the awarded funds to the applicant for reimbursement of costs up the awarded amount at the matching ratio specified in the award letter. Page 2 of 3 Application Data Elements: 1. Applicant Name, Address, Phone Number 2. Property: Business Name, Address, Phone Number t Type of Project For Which Grant Is Requested: (Exterior Visual Improvement or Functional Improvement) 4. Description of Improvement Project 5. Estimated Cost of Project and Amount of Grant Requested 6. Plan for use of Kennedale Vendors 7. Description of expected commercial revitalization benefits to the property and the City 8. Applicant's Business Experience 9. Signed Certificate of Understanding to include the following points: A. Improvements will not start prior to grant approval. If a grant is awarded, the project must be completed within six months. B. Projects must comply with existing laws. City Code, Ordinances, Permits and other legal requirements apply in the same manner as if the project were not being partially funded by a commercial revitalization grant. C. Grant award will be contingent on the applicant giving access to the property and financial records about the improvement project in order that the Kennedale City Staff may verify start, completion and cost of the project. D. Use of Kennedale vendors is encouraged, but not required. The Corporation will evaluate your plan for vendor selection during grant award consideration. Payment of the grant by the Corporation is contingent on ucceWul verification by the City Staff of the improvements specified in the application and any conditions listed in the notification of grant award letter. F. The award of grants and the amount of the grants will be at the sole discretion of the Corporation. The Corporation may, at any time, change the guidelines and criteria for grants prior to sending a grant award notification letter. G _] he ap t agrees as a condition of application that the liability of the Corporation or the City of Kennedale to the applicant will not exceed the amount specified in the grant award notification letter. Page 3 of 3 # ;: #«'22 #dy2fC.fLf2«IT??! -i A :ff, «ff2�2 «2 #�'2#fy Number ° ».e * »2 +2f U0 Phone ° » #ac >?y+ >r « a < © ;,» «r«r> « f*Ir*: +a :!*3 * <f <� :+ «>«� Which z : :. =cw *. � ..,.. : : +, <« « 1 ©< i ¥d 2 <w§*<: � .�. «v * » § * * <» +623«1 . ... � ?�c «« :gym * « # »w # 6 >: ,. ., .. . . <:§w=1fk 2421 * <fr «�f ? <i .. . »> »k+ < ?? » *« \ # �:... .. � <2. :r.. . » Plan for 2»± * :are « » #v < ©< please at 2 ? < +§72?« + ; <* 2 © «l=» Vendors » « «- -2 » §» ±\ # DRAWINGS # PLEASE ATTACH WRITTEN DESCRIPTION PLANS . 2 . ...� » + ©z.��� n, ©� - -- YE PT P#S§#f»#2?2T. r r � Date: April 15, 2008 Agenda Item o: Wats Subject: Review of Documentation and Authorization to reimburse Mark Watson dba R.E. • As f• r approved functional improvements the amount o $ 1 3,881.8 6 . • Wats Summary: R.E. a nd Ass manufacturing company supplying wholesale glass and mirrors to the construction trade. The KEDC approved Mark Watson dba R.E. Watson & Associates on October 16, 2007 for a Functional Grant reimbursement of up to $13,881.86 in order to purchase and install a new computer automated glass polisher and a microseparator coolant system. Mr. Watson has spent a total of $98,023.14 for his functional improvements. the purchased and installed I have received final invoices and cancelled checks for the functional improvement expenditures and have placed the checks in the file. Disposition by Ce b� — CADocuments and Settings\ cbrown \mydocuments \samplestaffreport E ee G rant A p p I i c a n t: PA MV V 0 - �b k-)Jk P �, � w , - MG110 � Date of Final EDC Approval for Reinbursement: 3/14/08 LIST OF EXPENSES FOR THE GEMY 11 GLASS POLISHER AND THE TSK80M MICROSEPERATOR PROJECT COMPLETION DATE 3/14/08 NET COST OF GEMY 11 AFTER TRADE IN OF GEMY 4 - $ 72,687.00 W NET COST OF TSK80M MICROSEPERATOR $ 22,815.00 NET COST FOR ELECTRICAL HOOKUP s $. 2,521.14 TOTAL $ 08,023.14 620 Tower Drive Kennedale, Texas 76060 (800)929-3913 Fax. (817)478-3736 E-Mail: mark.rewatson@birch.net 01/04/2008 FRI 14:19 FAX 336 2998388 Z— Bavellona LISA /Ai�etra� �Tias•gla 6.aerxe�r ®e�'X�.m , _ Note: GEMY /11 Warehouse: Invoice address : R.B. WATSON & ASSOCIATES, INC. E.O. BOX. 691 KENNEDALE TX, 76060 USA Tel CODE DESCRIPTION Your Reference: GEMY /11 1211 BAVELLONI GEMY /11 VERTICAL STRAIGHT -LINE EDGER 0120109000 "NOT STANDARD" VOLTAGE TRANSFORMER Delivery- ac R.E.WATSO1 620 TOWED Kennedale T USA Tel 817-.478 ORDER QTY- 1 .00 1.00 Serial no. Voltage Country of origin ;j 113120 480 V) 60 hz Italy 0 UNIT - PRICE USD 72,687.00 IM 002/002 TOTAL PRICE USD 72,687.00 Machinery 72,687.00 Sales Tax 0.00 Invoice total 72,687.00 Deposit check #16317 10 000.00 Balance clue upon delivery —currently due 62,687.00 (Page 1 of 1 I GIast6ri North America Inc, QUANTITY R E WAT�ON & AS�{JC INC R E WA�SON & /\SS8C INC B/O ' 62O TOWER DR r P� 8OX 69� r p[) BOX 691 o KENNEDALE TX 760 60 o K ENN EE ALE TX 760 6 SOMACA ORDER NO. CUSTOMER PO PAYMENT TERMS INVOICE DUE DATE 03 '2S/0B SALES REP ID SHIPPING METHOD SHIP DATE FREIGHTTERMS QUANTITY ITEM NUMBER ORDERED' SHIPPED B/O � DESCRIPTION UNIT PRICE Amoumr , 2196 0O 21965 0 ` �21,965.QO \ B5O.00 i FILTER TSK 80 YSTEM W/MO�EL TS� 8OM CENT�I * Sub-Total: FRT FREI(}HT ` i [ FREI /4ID. ` CALL 817- -44O� tl A, r Kk WATSON! 2 4HRS Order total: 22,815.D8 **Total Invoi!ce: � |22,815 ' 00 �` ��'i / E'A ILL TO Mark Watson P.O. Box 691 Kennedale, Texas 76060 ,708 L OCA Watson Glass 620 Tower. Road TERMS Net 30 Mll C I TI Service call 1/15/2008. Removed the feeder to the existing polisher. Installed conduit, wire, and boxes for the new polisher. Connected the pump on the new glass polishing machine. As bid u 2,329.00T Sales Tax (8.25 %) $192.14 $2,521.14 oil ILL TO Mark Watson P.O. Box 691 Kennedale, Texas 76060 ,708 L OCA Watson Glass 620 Tower. Road TERMS Net 30 Mll C I TI Service call 1/15/2008. Removed the feeder to the existing polisher. Installed conduit, wire, and boxes for the new polisher. Connected the pump on the new glass polishing machine. As bid u 2,329.00T Sales Tax (8.25 %) $192.14 $2,521.14 Y IT Date: April 10, 2008 Subject: Staff Announcements/Reports Originated by: Kathy Turner, Secretary EDC Summary: Board of Directors will receive announcements/reports from the following: '0100 =0 F1 O V P V ZM`7 ( F APP b , pv& �P-n�tEc Ts ;` r/; li /` Date: April 10, 2008 Agenda Item ®: III Subject: President /Board Announcements /Reports Originated by: Kathy Turner, Secretary EDC Summary: Board of Directors will receive announcements /reports from the President and /or Board of Directors: a. President b. Board of Directors Staff Report Date: April 10, 2008 = ubjeet: Executive Session. Originated by: Mike Soab, EDC Director Summary: Board of Directors will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, sale, exchange, lease, or value of real property. a. Subway b. Kennedale Retail Center leasing procedures .. .M r/' r >�' � £►� a/ f/^ ; a�� ' ' i , !fit Date: April 15, 2003 Agenda Item ®: � V Subway Real Estate Corp. has submitted a:- 'lease for the last space in the Kennedale Retail Center. Use will be for a Subway sandwich ,shop. They are awaiting our comments / approval. Generally, the initial lease term is for 5 years, rents for year 1 are $1,400 monthly, and years 2 -5 are $1,575 monthly. Subway will pay their pro -rata share of taxes, insurance, and CAM. There is no percentage rent. Space is turned over to Subway as -is. Subway will have a 5 -year option to renew @ $1,750 monthly for 2 years and 3 years $1,925 monthly. fo rm. 2. Authorize EDC Executive Director and City Manager Bob Ha to execute lease on EDC's (landlord's) behalf once lease is in fital ; F �� F T - T__ ,4 M Executive Session Staff Report I W7 "0 W J 9, 711 1 Date: April 15, 20CE Agenda Item No: ' / IV b Subject: Review and Consideration of procedures for lease executions in the Kennedale Retail Center (TownCenter Kennedale). In order to establish a procedure for handling leases for the Kennedale Retail Center/TownCenter Kennedale, it has been suggested that the Board entertain Date: April 10, 2008 Subject: Reconvene into open session and take action necessary pursuant to executive session. Originated by: Kathy Turner, EDC Secretary r � - M