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2008_07.22 EDC Agenda PacketNOTICE MEETING KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS E, €: E DALE TEXA Notice is hereby given that a Regular Meeting will be held by the Kennedale Economic Development Corporation Board of Directors on the 22 day of July 2008 at 7:15 P.M., 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 18 day of July 2008. By: Robert P. Mundy, President I, the undersigned authority, do hereby certify that the above Notice of Meeting of the Economic Development Corporation Board of Directors is a true and correct copy of said Notice and that I posted a true and correct copy of said Notice on the bulletin board 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 posted on July 18, 2008 at 11:45 o'clock A.M., and remained so posted continuously for at least 72 hours preceding the scheduled time of said Meeting. Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers, large print, are requested to contact the undersigned at (817) 483 ®1296 five (5) work days prior to the meeting so that appropriate arrangements can be made. Dated this the 18 day of July 2008. By: ,rte Kathy Turner, Secretary to EDC a. Review and consider approval of minutes: Regular meeting dated June 17, 2008. b. Review and consideration of KEDC authorization of partial reimbursement for approved Functional Grant related expenses to Chicken Express. C. Public Hearing, Review and consideration to approve proposed economic development projects and the KEDC budget for fiscal year 2008 -2009. 1. Staff presentation 2. Public Hearing - To receive citizen input on the proposed economic development projects and KEDC budget for fiscal year 2008 -2009. 1. Project Planning, Construction, Development, and on -going Day -to -Day Operations/Management/Marketing of a "mid- city" downtown district ( including but not limited to the commercial, medical, retail, and (New Urbanism style, typically higher density /multi - storied) residential growth of TownCenter Kennedale and its surrounding area; Page 1 of 2 9. The continuation of the existing Revitalization Grant Program and funding; 10. The recruitment of new and retention of existing Kennedale industrial businesses and development / redevelopment of industrial park(s); including but not limited to rail spurs, infrastructure, etc; 11. The attraction and development of DFW Metroplex area commuter transit / light rail / mass transportation services including the development of a Kennedale rail station and related improvements; 12. The purchase / leasing / sale or other means of transfer of real estate land and properties for the accomplishment of the above designated projects; 13. The issuance, purchase, sale, or other means of transfer of Bonds and other debt instruments designed to fund the above objectives including, but not limited to implementing a Tax Increment Financing (TIF) District and mixed -use project(s) development /redevelopment; 14. The implementation of an E -Civic Grant Writing Program; and 3. Action on projects and budget for fiscal year 2008 -2009. d. Review of KEDC Financial Reports. II. STAFF ANNOUNCEMENTS PORTS a. Executive Director Announcement/Reports. b. KEDC Director Announcement/Reports. a. President Announcements/Reports b. Board of Directors Announcements/Reports 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. RECONVENE V. INTO O P ? i SESSION AND TAKE ACTION C O y` t o R i PURSUANT TO EXECUTIVE SESSION. VI. ADJOURNMENT Page 2 of 2 ' 7 MMM Date: July 16, 2008 Subject: Review and consider approval of meeting minutes dated June 17, 2008. Originated by: Kathy Turner, KEDC Secretary Summary: Draft copy of minutes reflecting action taken during regular meeting held on the 17 of June 2008. Recommendation: Recommend Approval. 272 KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF:if, TOR REGU AR.MEE•'� IR — JNE T7, 2008 405 MUNICt'AX DR. � I El il`*1EDA�,E MUNICIPAL BLDG. CgIFEREIVCE ROOM President, Robert Mundy called the meeting to order at 7:21 p.m. Members present: President, Robert Mundy; Vice - President, Beverly Hayes, Board of Director's Megan Husby, Rebecca Mowell, Darrell Erwin, Donnie Graham, and Doug Parker. Members absent: None Staff present: Mike Soab, KEDC Director, and Clifford Blackwell, III, Treasurer. a. Presentation and discussion of Economic Development issues including: the ins and outs of 4B corporations, available ED incentives, and examples of successful ED practices that communities are utilizing. Janie Havel, North Texas Regional Rep for the Governor's Office on Economic Development and Tourism, and Julie Johncox with the State of Texas, Office of Comptroller briefed the board on available ED incentives, ED programs, and differences between 4A and 4B corporations. Various brochures were then presented to members for review, which related to economic development. b. Review and consider approval of minutes: Regular meeting dated May 13, 2008. Doug Parker moved to approve the meeting minutes dated May 13, 2008 as submitted, second by Darrell Irwin. Doug Parker, Darrell Erwin, Megan Husby, Robert Mundy, and Donnie Graham voted aye, while Beverly Hayes abstained due to absence at the May 13 meeting. Motion carried (6 -1 -0). Review and consideration of payments to Sundance Metal Fabricators, LLC d.b.a. Sundance Fence and Iron for Visual and Functional Grants. Mike Soab, KEDC Director advised the board that he inspected the property, and found that the applicant met the requirements for payment. Donnie Graham moved to authorize KEDC grant reimbursement payments to Sundance Metal Fabricators, LLC d.b.a. Sundance Fence and Iron in the amount of Five Thousand Dollars ($5,000.00) for approved Visual Revitalization expenses, and Twenty Eight Thousand, Eight Hundred Twenty Five Dollars and Fifty Cents ($28,825.50) for approved Functional Revitalization expenses. Motion second by Doug Parker. Motion carried unanimously (7 -0). 273 d. Review and discuss EDC Financial Reports. Clifford Blackwell, III, Treasurer provided the board with a corrected Income Statement and corrected Financial Report. Income statement reflected a transfer out for Sonora Park, and financial report reflected a revision to rental income. Discussion then ensued with the sales tax revenue, KEDC monthly financial data report, and grant recap that have been awarded. e. Review and discuss KEDC FY2009 budget additions and /or modifications. Mike Soab, KEDC Director advised that the process for formulating new projects was being undertaken, and a question had been proposed regarding signage for Rodgers Farm Park. Soab inquired if there were any other projects that the Board wanted to consider for the fiscal year budget 2008 -2009. Robert Mundy suggested that a recommendation come from the Park Board regarding possible locations for additional signage. One, suggest a location for a large sign, and two suggest a location for a small sign. Consensus of the board was to provide funding for new signage and stay with the same style of the city entrance sign on Little Road. Soab then recommend that funds be budgeted for a cosmetic upgrade (painting) to the outside facade of the shopping center, as well as a painting of a mural reflecting a rail road locomotive to coincide with the shopping center theme in an amount not to exceed Forty Thousand Dollars ($40,000.00). Additional projects discussed included new banner signs, light poles with windmills, TIF District, and grants. Soab said monies would be placed in the budget, and the board could come back and advise as to which project would receive final funding. II. STAFF ANNOUNCEMENTS/REPORTS a. Executive Director Announcement/Reports — No announcements /reports. KEDC Director Announcement/Reports. Prior to receiving KEDC Director announcements /reports, President, Robert Mundy recessed the meeting at 9:35 p.m. for a short break. President, Robert Mundy reconvened into open session at 9:39 p.m. Mike Soab, KEDC Director provided a report on the following: 1. Meeting with Commissioner, Marti VanRavenswaay in regards to a JPS Health Clinic; and 2. Activities report reflecting an overview of work conducted by the EDC Director within the last two years; 274 .. �; 7 w, a. President Announcements /Reports President, Robert Mundy reported on what he learned from attendance at the recent ICSC Conference, which included: 1. Importance of staff attendance at conference; 2. Encouragement about economic development in Kennedale; 3. Impressed with Mayor, Bryan Lankhorst and his pro.economic development; 4. Need to update Mike Soab's contact list; 5. Learning about negative feedback in regards to why "not" to come to Kennedale, which provides important information so staff can work to turn the issue into a positive situation, as well as providing knowledge of persons not to contact; and 6. Educational opportunities as to where the economy is headed and what opportunities are available. b. Board of Directors Announcements/Reports Vice - President, Beverly Hayes announced that upcoming strategic planning work sessions are in the process of being scheduled. Megan Husby, Board of Director announced that business associates of hers have noticed that Kennedale is extremely progressive in improving the image of the City, and that school board members are pro active compared to other cities. Husby said this is a plus for the City. President, Robert Mundy recessed the meeting at 9:56 p.m. to enter into executive session. 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. V. RECONVENE INTO OPEN SESSION AND TAKE ACTION t. PURSUANT O SESSI President, Robert Mundy reconvened into open session at 10:08 p.m., and announced no action would be taken pursuant to executive session. Megan Husby moved to adjourn the meeting at 10:09 p.m., second by Darrell Erwin. Motion carried (7 -0). ATTEST: APPROVED: Kathy Turner, Secretary to EDC President, Robert Mundy PERSONNEL COSTS 2007 2007 68.10% CURR. YR Jun -08 PROJECTED SUPPLIES ACTUAL Y -T -D PERCENT BUDGET Y -T -D YEAR END MAINTENANCE FUND BALANCE CARRY FORWARD; 2 025 635' - 2'025 635'' REVENUES - 300 SERVICE 154,029 97,393 63.23% SALES TAXES 336,110 245,463 73.03% 372,011 230,301 314,749 INVESTMENT EARNINGS 93,095 70,013 75.21% 60,000 41,101 68,432 FUND 95 INVESTMENT EARNINGS 109,134 109,134 TOWNCENTER - 2,993 4,489 RENTAL INCOME 45,762 74,210 0.00% 165,600 138,590 190,403 OTHER INCOME 1,200,000 1,200,000 0.00% - - TRANSFERS IN - - 0.00% - - - TOTAL EDC REVENUES $ 1,674,967 $ 1,515,475 90.48% '$ 597,611 $ 412,985 $ 668,073: PERSONNEL COSTS 106,239 72,345 68.10% 107,017 76,515 110,604 SUPPLIES 7,972 5,870 73.63% 13,200 6,264 8,639 MAINTENANCE - - #DIV /01 1,000 - 300 SERVICE 154,029 97,393 63.23% 802,054 251,912 539,982 UTILITIES 1,417 1,058 74.64% 600 849 981 GRANTS/ INCENTIVES 54,358 37,656 69.27% 190,000 109,134 109,134 TOWNCENTER 5,270 - 0.00% 74,210 39,642 74,210 CAPITAL 1,521,118 340,618 22.39% 112,547 111,547 112,547 TRANSFER OUT 162,606 112,606 - 100,000 100,000 TOTAL EDC EXPENDITURES $ 2,013,009 $ 667,544 33.16% 1,300,628 695,862 1,056,396 REVENUES IN EXCESS OF EXPENSES (703,017) (488,323) ENDING FUND BALANCE: 1,322,618' 1,537,312 Date: July 22, 2008 Agenda Item No: I -b Subject: Review and consideration of KEDC authorization of partial reimbursement for approved Functional Grant related expenses to Chicken Express. Summary: As a new owner and on -site manager of Chicken Express in the Kennedale Shopping Center, Cody Friedel requested and was approved for a grant to partially reimburse costs to remodel the interior of the Chicken Express restaurant. Planned renovations include hiring an artist specializing in the painting of wall murals, new wall coverings, new flooring, new ceiling materials, and a new stainless steel counter. The applicant planed to do a large amount of the work himself and to contract out for the murals and sheet metal work. Additionally, on 12/12/07, the KEDC approved modifications to the original grant by: 1. Extending the time for completion of improvements to May 15, 2008, and 2. Allowing additional HVAC improvements to be included in approved grant expenditures thereby increasing the maximum grant reimbursement to $3,194.86 on a one dollar KEDC grant for each six dollars of total approved expenses. Because of internal budget restraints, the addition of stainless steel counters was postponed indefinitely and bathroom painting is incomplete. Total Expenditures Approved . $14 1 ' 1 Proportional Eligible Functional Grant: 1 Approved Maximum i; I have personally visited the location and inspected the purchased and installed improvements. (I did not climb on the roof to inspect the new A/C units.) Photos are attached. The final paid invoices and expense spreadsheet are attached for your review. A Performance Agreement has been executed by both parties. 1 have completed the attached Grant Checklist to reflect the current grant process status. x 00 0 Nt ti 00 0 0 W w Z Q a) Q _ a aJ — a) s = a PON I N C7 — a cu ML U . IM M . — a _ ,= x o w _� o,' _ of t� IN Of ;.. M C - OR —IN - '_ o Own 00" v o rsc - =o' o _ La- ti o IS Alm > O M O O CD 0 1 CD mm m O O M - — � 'w IN m all ET ti PIN"'"' -� _ ( D — IRE a5_ ? - apm a tip, CL WE& C, - o w as 0 5-5 yr "e '»o IM IN IL Ml- ,c a c Q 0 G o r- - -E - m - NEW �a Mom fu V tn'Ck t �s C7 ft} =eA ff1= (9 LL r N co cP N O 00 O r r r r r r r MY L ? aC )7 r E 7 6 -3 t-jil /U6T 14 Tt IV'T-41AJ LSCJ,2 K L' 66- ? z 9T L L- � ou IK 4- S(_) OU yZt Hr el 7 Arf( rjr 60T, j Ims � - .. I Re: Grant Reimbursement Request — Chicken Express c/o Cody Friedel W11 0 01 0 Dear Cody: As per our grant performance contract signed on January 14, 2008, in order to obtain partial reimbursement for your expenses, you must submit "satisfactory documentation evidencing the (approved) expenditures for the construction of the improvements." In addition to your receipts, the KEDC requires more detailed explanations. w� 1. For reimbursement of your revitalization expenses as per your grant guidelines, please organize your "paid" invoices / cancelled checks in a simple spreadsheet that itemizes by date what was spent on what upgrade. 2. Also please provide a letter outlining exactly what work you performed under the grant's umbrella of approved projects. 3. In your letter, since it has been more than 6 months since your grant was approved and your V approved extension has past, please state the reason(s) why you could not complete the work within the original time period. 4. Finally, I need to walk thru your business so that I can tell the EDC that all work has been performed as per our agreement. Remember that simple is better and no very detailed explanation is needed — just the facts. And, if you want to turn in handwritten documentation instead of typed — that's OK. I will be happy to work with you to finish out your grant process paperwork for reimbursement. Best Regards, Mike . - r 405 Municipal Drive Off: 817 - 572.1171 Kennedale, TX 76060 Cell: 817 - 688 -7600 United States of America msoab@cityofkennedale.com Mill: i �\-, I Z3 z Mill: i �\-, I Q/ �2 #/ U N L m "Pt � � S � ; AP � � x 0 k m LL. m � q R O / o � _ k � . LLJ u LU B LU CR k CC z u � a ® U � 0 O 2 uj � k � � � . � � a � ! � LNE'S HONE CENTcR'i, INC. 1901 HI61A)AY 287 HAHSrIE!.L�, "Y 7606.3 (817)473 -4412 -SALE - SALES 0: S151iEKI 1064955 05-15 -07 25029 i 1;'i OD P TRAP UNITE 5.88 2 @ 2.94 20064 1-1/4 X 6 PO PLUG U /OPEN 25.66 2 @ 12.83 SUBTOTAL: 31.54 TAX 32748 : 2.60 IK'OTCE 09522 TOTAL: 34.14 BALANCE DUE: 34.14 DEBIT VISA : 34.14 DEBIT VISA: 8307 AUTHCODE 730195 PURliiASE CASIi an,n TOTAL DEBIT 34.14 0.00 34.14 1511 IERIIIUAL: 09 05/15/07 16:49:13 tiB 0F YTB�E3 G' B'e16P'e �•e v.w. r.v-.+ - _ __ -. -. EXCI i HE HOME DEPOT ##0541 ; 611 SOUTH COOPER STREET (817)468 -4224 /ARLINGTON, TX '76017 (817)472- 2429 -PRO 0541 00056 77174 05/19/07 SALE 14 SCOT56 04:03 PM F 049551002811 SAW BLADE <A> 1� SALES TAX / ' 1.20 TOTAL $16.17 XXX)(XX)00(X)(X8307 DEBIT 36.17 AUTH CODE 762857 CHANGE DUE - 20.00 0541 56 77174 05/19/2007 5274 RETURN POLICY DEFINITIONS POLICY ID DAYS POLICY EXPIRES ON A 1 90 08/17/2007 045325021996 12PC DRLLSET 4> 14,96 026366801730 WOODEN PEGS <A> 2.25 078864918137 SHIMS cA> 3 @3.87 022367417802 RL FAUX GAL '4( Y �A- 049551002811 SAW BLADE <A> 1� SALES TAX / ' 1.20 TOTAL $16.17 XXX)(XX)00(X)(X8307 DEBIT 36.17 AUTH CODE 762857 CHANGE DUE - 20.00 0541 56 77174 05/19/2007 5274 RETURN POLICY DEFINITIONS POLICY ID DAYS POLICY EXPIRES ON A 1 90 08/17/2007 045325021996 12PC DRLLSET 4> 14,96 026366801730 WOODEN PEGS <A> 2.25 078864918137 SHIMS cA> 3 @3.87 022367417802 RL FAUX GAL '4( Y �A- 026366274732 THRES 36" 4> 13.71 304.57 042369192811 3LB UNDERLAY <A> 6.27 36.16 5.97 149 88 SUBTOTAL 12.37 TOTAL SALES TAX TOTAL -- - a' 23- $ 42 39 �� 42.39 XXXXXXXXXXXX DEBIT �; AUTH CODE 061326 HOME' DV 0T s ` 1725 N US HWY 287 AANSFIELD, TX 76063 (817)453 - 6%8 00057 58651 05/17/07 SALE 14 SOOT57 06:26 PM ,61396406 STRAIT VALVE {A'> 19.96 414.99 070798181014 ACRYL CAULK <A> -'5.94 3[1.98 070798180710 AL PL CLR <A> 1.98 0770270061 GE SILICONE <A' 11 61 3 @3.87 022367417802 RL FAUX GAL '4( Y �A- 10.44 717510251302 1/2X3( 022367195649 UHILT9E.1 °0 -A> 52.08 6920000601097 CAULK GUN CA> 049448450022 T/M SQUARE -A> 4 97 2.97 076607041739 WALL 2201 - IP eA> 0766070`24114 HANDSANDER 4> 5.97 149 88 SUBTOTAL SALES TAX �' 12.37 TOTAL $162.25, ) XXXXXXXXXXXX8307 DEBIT 162.2.E', RUTH CODE 562297 THE HOME DEPOT RESERVES THE RIGHT TO . - . -e Tuc 05 n6211 PO 808*y ' O6'»: 856u 1A SCO158 ' � SN� 0� �� QUNN|U loll NN01N|UUN Ill Nom11mmm ill noil �Kp 8 92 ^A� ": 03 � 2.6 � »�= nrFCE A T�u-.^_' 9.70 0 905%0240 48 OX MASV,5 A' ~- \ ' uy�`~—' OVAL, ^A, ~^-»� v�"~ SALES TKX /nn^ �� 88 � �uL � ) TOTAL ��� 1 \ =-'� TAX 0 56117 y � `-�~~ o0!�� �� `~ C OUE - D��` No-"A CODE 56497 05/2b/ 38 6568 O RETURN P 01 - 10 P OLIC, 10 DAYS POLIC� 90 POT RE SV' S DENY REV; LIgT / RETURN POLIC� THE HOME IDEPOT 6568 1725 N US HWY 287 ' namxrIcLv ' .^ '"",. (817)4 _ — � 55G� O0O02 28012 05/19/07 N HC�� »�r»` � i ' SALE 81 QLY5EL U3'17 PM ' ` y ' , / 381561 "'="^ 1X8X8 CEDAR ^A� 77 94 0012.08 078291391669 . 1X08 CEDAR <K~ 19.40 4@4.85 715341'"U820 . 8IN NYLOX TR <A'S" 18-05 8.47 764866528821 038925054553 PTN114S1 °A° DOOR PULL <Ap 3.58 070E326152245 ^5�245 716341065804 FOAMSPN8 <A" 3.87 1 1/4 GLDEGL "A> 5.47 ' 076O12211132 099 84181 FOLDING RZR ~A> 7.98 POULTRY NET ^A> 5.98 022387521714 AF EXT FLT <A zu ° SUBTOTAL m | SALES TAX wy ' | TOTAL ' '*' | DEBIT 6 S. \ 4 ! AUTH CODE 361418 QUNN|U loll NN01N|UUN Ill Nom11mmm ill noil 088969120526 VINYL TILE <A> 7140.56 283.92 041193089168 SINK DRAIN <A> 193089 081099203602 50AL JT COMP <A> 3.96 2 522000 22.66 SUBTOTAL 3.96 051652200658 PRIMER <A> SALES TAX 0.33 21121.98 43.96 TOTAL $4 ;29 099713155725 DRYWALL TROW <A> 14.97 XXXXXXXXXXXX8307 DEBIT 4.29 099713155442 10INTAPEKNIF <A> 7.55 AUTH CODE 761403 026703055550 HOMER BUCKET <A> 204.98 9.96 070052912507 HD PRO PNTER <A> 18.37 IIII��IIIIIIIIIIIII�IIIIIIIIIIIIIIIIIIII III 028076520208 8PC TRAY SF <A> 9.97 049727230031 14MUD PANST <A> 13.98 042369192811 3LB UNDERLAY <A> 2 @6.27 12.54 026366801730 WOODEN PEGS <A> 1 „96 028076085004 BKT GRID <A> 2 @2.57 5,14 051115036828 TAPE <A> 515.97 29.85 037064183066 6 "FMXGRPSCRP <A> 9.98 037064183615 6- -IN -1 TOOL <A> 4.97 026366852497 6034H 3FT <A> 4.91 028 - /60011412 l.d;N 1 `1L `w U'1_231i1��99023 61.12.`11 -U11( <' 2@8,98 17.96 030699305711 PLASTBAGGDS <A -- 200.98 1.96 010186763149 GRT &TLCLNSP() -k 6.4 022384066403 TWST &REACH <A> 9,97 042369192842 OT. H336 <A> 4,97 028076943663 6PK COVER <A> 6.97 028076659021 6PK1 /2 "COVER <A> 6.98 764666523166 STNLS SCREWS <A> 44.89 075353071984 75'IDODCRPTP <A> 318.97 26.91 SUBTOTAL .6258 SALES TAX 51,( TOTAL 677.1 XXXXXXXXXXXX8307 DEBIT 677., A9 RUTH CODE 662064 -- -- � l,t SOLD7C7 �' m. I 'DE LIVEH To y t r ° y ,.r.. i +.i • t } -s PILLED BY CHK'D BY MERCHANDISE A&A :i "r 1, 4, FREIGHT `' "J, 00 SHIP VIA TAXt `��`It; �'z,� ,4.,. , r TOTAL DATE RECEIVED BY: 9 eerrci CUSTOMER COPY ; - -- iee r verse side for additio i }43 ''�:1.1 , f -; I.9 {af � � "F {'.S�.t ? I•J: =rFit, ?i,3 e1, 4 l i s "�. -, ) L.I �'.I ��'�. .r i�. f +. ��t { {! i t "...: �4 ?�rtl, t3.': ?..�. �. i •''�. _ fit. jsrh�;l� 1 a {{ I ., f I . ii rf, '_':�: ° I,i.i "i.I,i..iiE;l`., {1 3`r FILLED BY CHWD BY DRIVER MERCHANDISE SHIP VIA � FREIGHT TAX i{ !,!;, t ? (1 1 CON' 0 (ri . t rte. r i.�. s' ? iP ° D ATE: RECEIVED QY: 'See reverse side for additional terms." m co _ fCi CD ti °pWti:*� � a - O I�pm Y � C dN{O 11 cn A OJ P� ..4 �:1 O X Ll7 co �''l 4 , �,�"'•Rt_ �L�1 ? � i �... S ,31 fl . .7 t.r�, f.. t.,: +.,�..� 1 �, C.i ��� r �: 1 .. .. r` �Of" Sr. Lg °i cm O .. 1 ° N T Y L „i3O0 1. . ;I 0 Z U 1 )11' "< n. C1J .— ti ff" � g w m 1 1 �� O'O 1 a {{ I ., f I . ii rf, '_':�: ° I,i.i "i.I,i..iiE;l`., {1 3`r FILLED BY CHWD BY DRIVER MERCHANDISE SHIP VIA � FREIGHT TAX TOTAL . t rte. r i.�. s' ? iP ° D ATE: RECEIVED QY: 'See reverse side for additional terms." m co _ fCi CD ti °pWti:*� � a - O I�pm Y � C dN{O 11 cn A OJ P� O v F– CO O X Ll7 co C.D .. r` cm O .. ° N T Y O W ,ICJ W ~a l U n. C1J .— ti ff" � g w m 1 1 �� O'O LL Lu ® ~ U V ¢ O TOTAL We Accept MasterCard /Visa /American Express /Discover Customer's Number Date 20 Name Ad C , pi t � 6. � ® •. QTY. DESCRIPTION UNIT PRICE AMOUNT mmm mmm All claims and returned goods MUST be accompanied by this bill. 0 t. 1 I~ y •��. }Y ak r 7 140 6 �tvi : • ^A ; •';i' a'' ^i�Y.i .... .eytp��i•. •.X 1,•�r.:" ., 1 I~ y 1 E Id WdSZ:SO 800E Zi -unt 02-EE408008 : 'ON XUA SNOuuomand 16UNnA : wodA •��. }Y ak r 7 140 6 �tvi : • ^A ; •';i' a'' ^i�Y.i .... .eytp��i•. •.X 1,•�r.:" ., tin Cu L4 a ,A' ' d`i' P •�� I . ter••.: AR , u . 1 E Id WdSZ:SO 800E Zi -unt 02-EE408008 : 'ON XUA SNOuuomand 16UNnA : wodA 06/12/2008 10:09 817 - 861 -5291 ESP MECHANICAL,- PAGE - 02 BILL TO: CHICXBXV EXPRESS 223 W KENNEDAYE PKWY KENNEDALE TX 76060 817 - 561 -7552 Q,A,GE INVOICE DATE: 8/10/07 INVOICE NO: 43362 JOB NO: 5801 JOB SITE: CHICKEN EXPRESS 223 W KENNEDALE PKWY KENNEDALE TX 76060 817- 561 -7552 CODX 1 WORK ORDER NO: 5801 OUST k0: CUST NO:CH0014 TERMS:C.O.D. —=M ====tz - -- - ^ - - - -- Description Of Work. XINSTALLED 11EW CARRIER GASPACK M# 4eTMD006 -A-511 PAID IN PULL BY CASHIERS CHECK PLEASE PAY FROM THIS INVOICE NO OTHER STATEMENT WILL BE RE QEIiED, WE AP,P,R,ECIATE YOUR BUVNESS! SUB TOTAL DXSCOUNT AMT SALES TAX INVOICE TOTAL 3,900.00 3.46 3.46 - 321.46 4,218,00 Terms & CondG)ons: Our Warranty: lC o► M QV A ,• Standard Payment Tenni are If ihepart or pans we sell and install fail due to faulty material or poor workmanship within 60 does Naf, flays Invoices NOT paid aller 30 days from date of imittllution, ESP Heehunrcul. LLC wIII install another at no charge Air the pars or are Subject to service cbargea of LaN per labor, during twnMtl Busim s Hoots Monday - FriJays 8 aril, • 5 pan. month. It on oCcount is placed ror collection. NOTE1 s1: (1) This warranty dons not cover failure due tit ueo Went, abuse or nn act of oawre. When: dubtar ussunwx all responsibility for expenst.'; no pun ;,. usvd, no warranty is given, (2) PLCASE KEEP A COPY OFTEIIS INVOICE FOR incurnd. WARRANI'Y'rr) BE HONORED ON ALL 11'EMS DESCRIBED IN ABOVE. Regulated by the Tcxas Department of Licensing and Regulation P.Q. Rox 12157, Auslm.'TX 78711,1-800-803-9202 Regulated by the Texas State Board of Plumbi ft Examiners 1 1 .0, Box 4200, Abstin,'I'X 78765.1-800-845-6584 �,- This Economic Development and Performance Agreement ( "Agreement ") is made and entered into by and between Cody Friedel dba Chicken Express ( the "Applicant "), and the Kennedale Economic Development Corporation (the "Corporation ") a nonprofit corporation organized under the Development Corporation Act of 1979, Article 5190.6 V.A.T.C.S., Section 4B (the "Act "), for the purposes and considerations stated below: • 1. Applicant rents a parcel of real estate located at 223 Kennedale Parkway 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 interior renovation of the premises. 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 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: z . This Agreement is authorized by Texas Civil Statutes Annotated art. 5190.6, Section 4B. 2. Definitions. CITY means the City of Kennedale, Texas. H: \GRANT INFORMATION & APPLICATIONS \Chicken Express Functional Performance Agreement - Revised 12- 26- 07.doc Page 1 IMPROVEMENTS means the improvements set forth in detail in the Grant Applications, which are incorporated fully herein. PROJECT means new interior renovations as per applicant's Grant Application. PROPERTY means the tract of land described as located at 223 Kennedale Parkway, Kennedale, Texas 76060. 3. Term. This Agreement shall be effective as of the date of execution of all parties. This Agreement will terminate upon expiration of one 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. 4. Covenants of Applicant. (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 Chicken Express for one (1) year after the written documentation required by Section 7(b) of the Agreement is received by the Corporation; (3) Retain the following jobs for the term of this Agreement: a staff of at least four (4) employees with an emphasis on hiring Kennedale residents (if possible). (4) Make a VISUAL capital investment in the Property in an amount equal to at least N/A Dollars ($ N/A .00) by (Insert appropriate date). (5) Make a FUNCTIONAL capital investment in t Prope amount equal to at least thirteen thousand Doll rs ($13,0 May 1, 2008. (6) OTHER: N/A (b) Applicant agrees to render the Property to the Tarrant County Appraisal District and remain current on all property taxes for the term of this Agreement. H: \GRANT INFORMATION & APPLICATIONS \Chicken Express Functional Perforrtiance Agreement - Revised 12- 26- 07.doc Page 2 (c) Should Applicant fail to comply with any term of this Agreement, Applicant shall have thirty (30) days after written notice from Corporation to come into compliance. If the noncompliance is not cured within that period, Applicant agrees to remit to the Corporation a sum equal to the total payments made by the Corporation to Applicant pursuant to this Agreement, plus interest at the highest rate allowable by law, per annum from the date payments were made. 5. Covenant Running with the Land. All rights, covenants, restrictions, burdens, privileges and charges, set forth in this Agreement shall exist at all times as long as this Agreement is in effect, among all parties having any right, title or interest in any portion of all of the Property. 6. Improvements. Applicant shall be solely responsible for the design and construction of the Improvements and shall comply with all subdivision regulations, building codes and other ordinances of the City applicable to the Project. 7. Payment. (a) Corporation shall participate with Applicant in the cost to construct the VISUAL Improvements not to exceed N/A Dollars ($ N/A .00). (b) Corporation shall participate, by reimbursing Applicant one dollar for each six dollars of approved expenses spent by Applicant, in the cost to construct the FUNCTIONAL Improvements in an amount not to exceed Three thousand one hundred ninety four dollars and eighty six cents ($3,194.86). (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. 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 to use the name "Chicken Express" and representations of the Improvements and the Project in promotion of the City of Kennedale and the Corporation. H: \GRANT INFORMATION & APPLICATIONS \Chicken Express Functional Performance Agreement - Revised 12- 26- 07.doc Page 3 N1ll100F0r_=9n • APPLICANT IN PERFORMING ITS OBLIGATIONS UNDER THIS AGREEMENT IS ACTING INDEPENDENTLY, AND THE CORPORATION ASSUMES NO RESPONSIBILITIES OR LIABILITIES TO THIRD PARTIES IN CONNECTION WITH THE PREMISES OR IMPROVEMENTS. APPLICANT AGREES TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE CORPORATION, ITS OFFICERS, AGENTS, EMPLOYEES, AND VOLUNTEERS IN BOTH THEIR PUBLIC AND PRIVATE CAPACITIES, FROM AND AGAINST CLAIMS, SUITS, DEMANDS, LOSSES, DAMAGES, CAUSES OF ACTION, AND LIABILITY OF EVERY KIND, INCLUDING, BUT NOT LIMITED TO, EXPENSES OF LITIGATION OR SETTLEMENT, COURT COSTS, AND ATTORNEYS FEES WHICH MAY ARISE DUE TO ANY DEATH OR INJURY TO A PERSON OR THE LOSS OF, LOSS OF USE, OR DAMAGE TO PROPERTY, ARISING OUT OF OR OCCURRING AS A CONSEQUENCE OF THE PERFORMANCE OF THIS AGREEMENT, INCLUDING ANY ERRORS OR OMISSIONS, OR NEGLIGENT ACT OR OMISSION OF THE CORPORATION, ITS OFFICERS, AGENTS OR EMPLOYEES. 10. Access to Information. 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. 12. Mutual Assistance. 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. 13. Representations and Warranties. Applicant represents and warrants to the Corporation that it has the requisite authority to enter into this Agreement. Applicant represents and warrants to the Corporation that it will not violate any federal, state or local laws in operating the WGRANT INFORMATION & APPLICATIONS1Chicken Express Functional Perfortnance Agreement - Revised 12- 26- 07.doc Page 4 business, that all proposed Property Improvements shall conform to the applicable building codes, 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. 16. Entire Agreement. This Agreement contains the entire agreement between the parties with respect to the transaction contemplated herein. 17. Amendment. This Agreement may only be amended, altered, or revoked by written instrument signed by Applicant and the Corporation. 18. Successors and Assians. This Agreement shall be binding on and inure to the benefit of the parties, their respective successors and assigns. Applicant may assign all or part of his rights and obligations hereunder only upon prior written approval of the Corporation, which approval shall not be unreasonably withheld or delayed. Agreement 18 B This = - any and all previously executed performance - - - Applicant and the Corporation. WGRANT INFORMATION & APPLICATIONS \Chicken Express Functional Perforphance Agreement - Revised 12- 26- 07.doc Page 5 19. Notice. 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: APPLICANT: NAME: Cody Friedel ADDRESS: 306 S. 2 nd Ave. Mansfield, TX 76063 CORPORATION: Kennedale Economic Development Corporation 405 Municipal Drive Kennedale, Texas 76060 20. Interpretation. 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. 21. Applicable Law. 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. 22. Severability. 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. WGRANT INFORMATION & APPLICATIONS \Chicken Express Functional Performance Agreement - Revised 12- 26- 07.doc Page 6 This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. �01111111111 111 ki 11-7 ST T_ Nothing contained in this Agreement is intended by the parties to create a partnership or joint venture between the parties. A O ff ' • : FkTJ: 4 E . • .. is WE ATTEST: APPLICANT: Cody Friedel dba Chicken Express By Date: /Z X 1, 1 6 H: \GRANT INFORMATION & APPLICATIONS \Chicken Express Functional Perforrhance Agreement - Revised 12- 26- 07.doc Page 7 May 6 2007 Cody Friedel Chicken Express Re: Functional Grant Request Dear Cody: The Kennedale Economic Development FUNCTIONAL Improvement Grant for a improvements / modifications to be made at: Chicken Express - Kennedale, TX 76060. The payment of this grant is based on: Corporation (KEDC) has approved a maximum of $1,976.00 for renovations / 1. All necessary permits being obtained and all city ordinances being followed, and that all work stated in the grant proposal is completed within a six (6) month period from the date of this letter. 2. The KEDC receiving copies of paid invoices and /or statements for work stated in the grant proposal in which the applicant desires funding. 3. A physical inspection by a KEDC representative to verify completion of work authorized. 4. The Applicant receives a Certificate of Occupancy (if necessary). 6. The execution by both parties of a satisfactory Performance Agreement. In the event that Applicant spends less than the approved proposed project plan improvement cost, then the grant shall be modified proportionally. Prior to requesting grant funding payment, please contact me when all work is finished in order to schedule the above named work completion inspection. Should you experience delays that might impact your ability to complete the project within the timetable given, please notify me in writing immediately so that I may request an extension from the KEDC Board. 405 Municipal Drive m Kennedale, Texas 76060 • Office: (817) 572 -1171 • Fax (817) 478 -7169 E -mail: msoab @cityof kennedal e.c om • websi Date: 5/15/07 Items: z ( d) Subject: Review and Approval Process for a Grant not to exceed $1,978.00 to Chicken Express for Functional renovations. As a new owner and on -site manager of Chicken Express in the Kennedale Shopping Center, Cody Friedel is requesting a grant to offset costs to remodel the interior of his restaurant. (FYI -The new Chicken Express owners have been in negotiation with the current) owners of the Kennedale Shopping Center for a new five year lease.), The Applicant has requested a Visual grant; however current grant rules call for Visual grants to be for EXTERIOR work. Planned renovations include hiring an artist specializing in the painting of wall murals, new wall coverings, new flooring, new ceiling materials, and a new stainless steel counter. The applicant plans to do a large amount of the work himself and to contract out for the murals and sheet metal work. To use the applicant's words, "The final project will be warm, inviting, and unique." "Giving it a new look would let people know the old... owner is gone and a new, caring owner / operator is here." 1 111 1 !111 OR Originated by: Disposition by KEDC: Mike Scab, Director Date: Aug. 21, 2007 Item No. I °c Subject: Consider approval of Additional Functional Grant Funding for Cody Friedel dba Chicken Express Cody Friedel at Chicken Express has asked if the EDC would revise CE's approved functional grant to include the replacement of one HVAC unit. As proper air conditioning is critical to any restaurant's summer business, Cody had to replace this unit as quickly as possible. An attempt to schedule a special July 25, 2007 EDC meeting to consider his request failed due to a lack of a quorum. Therefore this work was done prior to authorization by the EDC. This diverges with the EDC rules of grant work not commencing until formal approval by the EDC. Thus Cody is requesting a hardship variance to this policy. Cody has spent an additional $4,218. Attached is the invoice for the HVAC work as an addendum to his original grant request, On May 15, 07, the Board approved a functional grant for a maximum of $1,978.00: With an additional HVAC expense of $4,218.00 - the grant maximum would increase to $2,580.57 from $1,978.00. • �P ($13,846.00 + $4,218.00 = $18,064.00 / 7 = $2,580.57) I'poz At this point, we have not received Chicken Express's final statement requesting payment of the previously approved functional grant funds. Originated by: Disposition by EDC Board of ireptor r V Mike Soab EDC Director , ,nx To KEDC Board of Directors Subject: Review and consider granting time extension for completion of Functional Grant Improvements at Chicken Express. Originated by: Mike Soab, Director of Economic Development Summary: On May 15, 2007, CodIFriedel / Chicken Express was approved for a maximum $1,978.00 Functional Grant for refturant improvements. On August 21, 2007, Mr. Friedel was approved for an addendum to his Functional Grant request that would include unforeseen HVAC improvements. The maximum grant was raised to $2,580.57. This additional air conditioning work was completed and paid by applicant. Chicken Express has completed nearly all projected improvements. The main exception is for planned metal / counter upgrades (an additional $10,000.00 +). Our grant requirements state that improvements must be completed within 6 months (See Item 6 of Grant Guidelines attachment). Because of "Unforeseen Expenses ", Mr. Friedel requests that the EDC extend his 6 -month timeframe for completion. Item 6 further states that "The Corporation (EDC) may, at its sole discretion, extend the period of performance ". Recommendation: Approval for time extension to May 15, 2008. Note: If request is approved, a new conforming Performance Agreement will be prepared and executed. Y Disposition by KEDC Board of Directors: Date: December 12, 2007 Agenda Item No: II -e Subject: Review and consider additional HVAC expenditure as an authorized Functional Grant expense for Chicken Express. Originated by : Mike Soab, Director of Economic Development A 7 U-e� c,� cv!-0 �'92? Summary As per the attached letter, Friedel is also asking to include additional (2" HVAC upgrade expenses ($4,300) thus increasing his functional grant by up to an additional $614.29. The new Functional Grant total, if approved, would be a maximum of $3,194.86 based on his total upgrade expenditure of $22,364.00 Recommendation Approval for additional HVAC upgrades to be included as authorized Functional Grant expenditures (up to a maximum functional grant total of $3,194.86), provided all work is completed by May 15, 2008. Note: If request is approved, a new conforming Performance Agreement will be Subject: PUBLIC HEARING — Review, consideration, and approval of proposed economi(* development projects and the Kennedale Economic Development Corp. (KEDC)s FY 1/• Budget. Originated • - • - •_ •. • For s review • consideration, respectfully • the following list of proposed • zxisting KEDC projects an• applicable Budget for Fiscal Year 119 3. The further development / beatification / landscaping / upgrading of the T ownCenter Kennedale area d its adjoining TCK Plaza. 4. The planning, implementation, marketing, and operation _ w.' the establishment of a K Public Arts Program. construction S. The of ' Entranceway - 6. The creation & implementation of Kennedale Parkway, Village Creek, and 1-20 commercial a' residential Urban Development .- •• Revitalization Beautification actual derived from these plans. F 1 H: \Budgets \K ®C Staff Report - Budget FY 09 7- 22- 08.doc 7. The Cre • Incre n . , C onsultatio n, r' a • Leg i Eng ineerin g S. F a . , . ^A • and �.. • B and Ottracting new Kennedale projects and businesses. 10. The recruitment of new and retention of existing Kennedale industrial businesses and de o i ndustr i a l park(s); i nc l ud i ng bu not li m it ed to s rail Th e a and deve o M e t rop l ex rail I mass transportation services including the development of a Kennedale rail station and related improvements. NO 13. The issuance, purchase, sale, or other means of transfer of Bonds and other debt instruments designed to fund the above objectives including, but not limited to implementing a Tax Increment Financing (TIF) District and mixed -use project(s) development/redevelopment. 15. All necessary services and related expenses for the above projects including but not limited to project master-planning; engineering; alternate energy sources; project advertising marketing; related consultant and legal services; now construction I remodeling I maintenance of landscaping, roadways, City I KEDC owned or leased buildings, and their related improvements. r ••- :. Staff Report ••e 09 1: •., SALES TAX REVENUES 330,942 352,163 323,109 372,011 357,011 (15,000) INVESTMENT EARNINGS 38,702 78,335 93,095 60,000 50,000 (10,000) RENTAL INCOME - - 45,762 165,600 176,200 9,600 PROCEEDS - TOTAL GENERAL FUND REVENUES 369,644 430,498 461,966 597,611 582,211 (16,400) -2.6% PERSONNEL EXPENSES 107,017 24,289 SUPPLIES 2,900 2,105 MAINTENANCE - - CONTRACTUAUSUNDRY 104,544 70,102 TOWN CTRI SHOPPING CENTER 802,654 527,971 CAPITAL EXPENSES 63,424 11,965 DEBT SERVICE - - TRANSFERS OUT 195,001 5,001 TOTAL EDC OPERATIONAL EXPENSES 112,547 1 170,868 108,460 q1wQQ 111110 104,916 107,017 108,951 1,934 7,972 13,200 21,600 8,400 - 1,000 1,000 - 123,108 802,654 527,971 (274,683) 74,210 74,210 - 166,842 190,000 195,001 5,001 - 112,547 1 (231) 162,606 566,444 1,300,628 1,041,049 (259,57►) -20.0% (458,838) ENDING FUND BALANCE $ 1,657,896 $ 1,979,935 $ 1,876,467 $ 1,173,439 $ 541,162 Fund Ba lance as % of Operational Expense 52.0% lu ACCOUNT 4001-00-00 4081-00-00 4082-00-00 4401-00-00 11,814 38,702 76,142 CURRENT FY2009 DIFF FROM BUDGET PROPOSED PREV YR TAX YEAR 340,668 350,000 354,000 4,000 3,011 3,011 350,000 357,011 7,011 60,000 50,000 (10,000) INVESTMENT EARNINGS 11,814 38,702 76,142 60,000 50,000 (10,000) 4805-00-00 - df - R -- i 176,200 '175,200 PROCEEDS 176,200 175,200 4902-00-00[Rb - - - 1 - PROCEEDS TOTAL GENERAL FUND REVENUES 352,482 369,644 468,808 410,000 582,211 172,211 �l pXly? I . FY2004 FY2005 FY2006 ACCT NAME ACTUAL ACTUAL ACTUAL TAX YEAR 340,668 330,942 392,665 IG SALES TAX TAXES 340,668 330,942 392,665 - 0 1 "l-l""wFamIll ECONOMIC DEVELOPMENT CORP. EDC FUN ®1 DT NO. 01 FY2004 FY2005 FY2006 CURRENT FY2009 DIFF FROM ACCOUNT ACCT NAME ACTUAL ACTUAL ACTUAL BUDGET PROPO PREV YR 72000 5101 -01 -00 SALARIES" 19,012 76,000 4,000 5107 -01 -00 OVERTIME 1,305 - 3,000 3,000 5111- 01- 00:CAR ALLOWANCE � 173 7,200 7,200 - 5115- 01- 00 1,961 7,433 9,422 1,984 5116 -01 -00 UNEMPLOYMENT INSURANCE' 270 - - 5117 -01 -00 FICA' 1,568 6,050 6,594 535 5118- 01- 00 INSURANCE - 6,036 6,000 (36) 5119 -01 -00 V RKERS' COMPENSATION - 5120- 01- OO�LIFE INSURANCE , - 242 255 13 5121- 01- 00` DENTAL INSURANCE - 259 360 101 5122- 01- 00;VISION INSURANCE - 86 120 34 Subtotal. PERSONNEL: - - 24,289 99,320 108,951 9,631 5220- 01- 00iUNIFORMS - 600 600 - 5240- 01- 00`PRINTED SUPPLY 274 1,880 473 2,200 14,000 11,800 5260- 01- OO,GENERALQFFiCE.SUPPLIES j 143 131 530 1,000 1,500 500 5261- 01- 00,POSTAGE - - 99 1,000 1,000 5280 -01 -00 MINOR EQUIPMENT 2,080 889 966 1,500 3,000 1,500 5290-01 -00 EXPENDABLE SUPPLY." - -- - -- 37 1,500 1,500 - Subtotal: SUPPLIES: 2,497 2,900 2,105 6,300 21,600 15,340 5440 -01 -00 OFFICE EQUIPMENT MAINTEN! - - - 1,000 1,000 - Subtotal: ubtotal MAINTENANCE: - - 1 1,000 5501- 01- OOA ®VERfISING r - 149 108 2,000 18,000 16,000 5510- 01- 00?ASSOC DUES /PUBLICATIONS 79 95 446 600 1,400 800 5512 -01 -00 CONTRACTUALSERVICES`- 260 653 - 435,000 300,500 (134,500) 5525 -01 -00 TRAINING /SEMINARS` 844 263 126 1,830 2,800 970 5565 01- OO;LEGAL SERVICES 2,000 2,000 2,729 1,500 25,000 23,5()0 5567- 01- 00;AUDIT SER'VIC'E 227 60,086 3,000 3,000 3,000 5570- 01- OO '[SPECIALSERVICE - 47,894 85,000 90,000 5,000 5575-01 -00: EQUIPMENT, RENTAL . - 1,337 114 1,000 1,000 5578- 01- 00IRAVEL' 1,436 1,402 2,911 3,425 7,450 4,025 5580- 01- 0O;ENCINEERING SERVICES - 20,000 25,000 5,000 5585- 01- 00iTELEPHONE SERVICE 33,568 38,560 1,380 2,200 600 (1,600) 5595- 01- 00 !ADMINISTRATIVE SERV.CHAROE 11,394 45,500 53,221 7,721 SUNDRY: 38,413 104,544 70,102 601,055 527,911 (73,084) 5610- 01- 00'VISUAL GRANT " 1,763 (583) 3,559 100,000 100,000 5615- 01- 00'FUNCTIONAL GRANT 5,826 28,013 8,021 200,000 1 (199,999) CORP ECONOMIC DEVELOPMENT s EDC FUND ®1 DEPT NO. 01 FY2004 FY2005 FY2006 CURRENT FY2009 DIFF FROM ACCOUNT ACCT NAME ACTUAL ACTUAL ACTUAL BUDGET PROPOSED PREV Y 5800 -01 -00 LAND 25,000 25,010 5820- 01- 00WIL©ING IMPROVEMENT 25,000 25,(9(10 5813 -01 -00 KENNEDALE ENTRANCE SIGN 3,600 35,994 385 42,000 45,000 3,000 CAPITAL: 11,189 63,424 11,965 342,000 195,001 (146,999) DEPT TOTAL: 52,099 170,868 108,460 1,049,675 854,523 (195,152) ECONOMIC DEVELOPMENT CORPORATION DEPT NO. 01 OF l�ceMlNE,+3�1 LE DETAIL OPERATING BUDGET Meeting Supplies FY 09 1,500 5240-01-00 PRINTED SUPPLY Printed maps of entire City PROPOSED City marketing flyers and aerial photos Maintaining equipmenVcomputers/printers/digitaI cameras/ office fixtures 5260-01-00 GENERAL OFFICE 5101-01-00 SALARIES PERSONNEL INFORMATION: SUPPLIES 76,000 EDC Director (full-time) 76,000 5,000 5107-01-00 OVERTIME Additional pay for non-exempt employees working beyond 40 hour work-week 3,000 3,000 5111.01-00 CAR ALLOWANCE 7,200 7,200 5115-01-00 RETIREMENT TMRS rate of 10,93% of salaries, overtime, allowances 9,422 9,422 5116.01-00 UNEMPLOYMENT 5510.01-00 ASSOC TX Real-estate license renewal 250 INSURANCE DUESIPUBLICATIONS Miscellaneous Real Estate Board rnernbership 400 5117-01-00 FICA Social Security and Medicare 7.65% of gross salaries/ overtime, allowances 6,594 6,594 5118-01-00 HEALTH INSURANCE Medical Premiums @ $500 per month per employee 6,000 6,000 5119.01-00 WORKERS' TCK Landscaping 35,000 COMPENSATION Development and implementation of alternate energy sources. 25,000 5120.01-00 LIFE INSURANCE Life rate @ $0.11/$1,000 salary and AD&D @ $0.031$1,000 salary, per month 255 255 5121.01-00 DENTAL INSURANCE Dental premiums @ $30 per month per employee 360 360 5122.01-00 VISION INSURANCE Vision premium @ $10 per month per employee 120 120 5220-01.00 UNIFORMS Now shirts for conventions and meetings 600 600 3,000 3,000 5290-01-00 EXPENDABLE SUPPLY Meeting Supplies EDO copies and Brochures 1,500 5240-01-00 PRINTED SUPPLY Printed maps of entire City 500 City marketing flyers and aerial photos Maintaining equipmenVcomputers/printers/digitaI cameras/ office fixtures 5260-01-00 GENERAL OFFICE Files, folders, paper, pencils, etc. MAINTENANCE SUPPLIES Files, folders, paper, pencils, etc, 5261.01-00 POSTAGE Postage for mail cuts/ marketing packages 5,000 Misc. Minor Equipment TCK / Park Events ($1,000/mo contribution) 5280-01-00 MINOR EQUIPMENT 18,000 3,000 3,000 5290-01-00 EXPENDABLE SUPPLY Meeting Supplies 1,000 1,500 Local signs 500 5440-01-00 OFFICE EQUIPMENT Maintaining equipmenVcomputers/printers/digitaI cameras/ office fixtures 1,000 1,000 MAINTENANCE Promotional advertising 5,000 5501.01-00 ADVERTISING TCK / Park Events ($1,000/mo contribution) 12,000 18,000 Marketing Handouts '1,000 ICSC - Int'l Council of Shopping Centers - membership 500 5510.01-00 ASSOC TX Real-estate license renewal 250 DUESIPUBLICATIONS Miscellaneous Real Estate Board rnernbership 400 1,400 Miscellaneous subscriptions 250 Town Center Kennedale Consultant Services 45,000 TCK Landscaping 35,000 Development and implementation of alternate energy sources. 25,000 5512.01-00 CONTRACTUAL SERVICES TCK Repainting 50,000 300,500 E-Civis Grant Program 8,000 TCK PLAZA Landscaping 30,000 Completion of TCK PL=AZA construction 100,000 Parkway Banners 7,500 ECONOMIC DEVELOPMENT CORPORATION DEPT NO. 01 DETAIL OPERATING BUDGET FY 09 PROPOSED Economic Development Training- through associations (ICSC, IFDC, etc) 1,000 5525-01-00 TRAININGISEMINARS ICSC - May Conference Registration - Las Vegas, NV (3 persons) 1,500 2,800 ICSC - Conference Registration - Texas location 300 5565.01-00 LEGAL SERVICES Billable 110LIrS from City Attorney working on EDC related matters 5,000 25,000 Legal service for Devolopinent/Redevolopment project (Oak Crest) 20,000 5567-01-00 AUDIT SERVICE Independent audit of EDC financials conducted by a CPA fian 3,000 3,000 5570-01.00 SPECIAL SERVICE Urban planning services inc, TIF Formation Fees, Urban Planning, Architecture 90,000 90,000 5575.01-00 EQUIPMENT RENTAL Pay for use of Pitney Bowes copier machine 1,000 1,000 Local Business meetings / rneals in DFW area 1,000 Chamber lunch meetings - meet monthly 150 Mileage reimbursement for Local /State meetings 500 5578.01-00 TRAVEL Hotel Stays for ED purposes 2,000 7,450 Convention Meals 800 Vegas ICSC Convention - Airfare (3 persons) 2,000 Multiple meals for seminars /conventions other than ICSC 1,000 5580.01-00 ENGINEERING SERVICE TCK - DevelopmenURedevelopment Engineering - Mixed use sites 25,000 25,000 5585.01-00 TELEPHONE SERVICE 600 Coll phone use - for EDC Purposes 600 5595.01-00 ADMINISTRATIVE SERV Transfer to General Fund - based on 10% Operations Revenues less interest 53,221 CHARGE 53,221 5610.01-00 VISUAL GRANT Grants provided to local businesses 100,000 100,000 5615.01-00 FUNCTIONAL GRANT Grants provided to local businesses 1 1 5820.01-00 BUILDING IMPROVEMENT EDC and City owned property- enhancements 25,000 25,000 5800-01-00 LAND Land purchases in 2009 for the benefit of the EDC 25,000 25,000 5813-01-00 KENNEDALE ENTRANCE 45,000 SIGN Now entranceway sign - site TBD 45,000 TOTAL OPERATING BUDGET AMOUNT: $ 854523— FY2004 FY2005 FY2006 CURRENT FY 09 I IFF FROM ACCOUNT ACCT NAME ACTUAL ACTUAL ACTUAL BUDGET PROPOSED PREV YR Subtotal: PERSONNEL: - - - 5220- 02- 00iUNIFbRMS 5240 -02 -00 PRINTED SUPPLY - - - - 5260- 02- 00 OFFICE SUPPLIES - - 5261 -02 -00 POSTAGE - - - 5280-02-00 ; MINOR EQUIPMENT ? - - - 7,700 7,700 5290 -02 -00 EXPENDABLE SUPPLY t i - - Subtotal: SUPPLIES: - - - 7,700 7,700 5403 -02 -00 bb ILDINGMAINTENRNCE_ - - - 21,680 21,680 Subtotal: MAINTENANCE: - - - 21,6180 21,680 5501- 02- 00 ,ADVERTISING- - - - 1,000 1,000 5510- 02- 00 °ASSQCDUES /SUBSCRIPTIONI - - - - 1,230 1,230 5512 -02 -00 :CONTRACTUAL SERVICES - - - 14,800 14,800 5530- 02- 00.ELECTRICSERVICE _ _ _ 6,100 6,100 5545 -02 -00 °PROPERTY INSURANCE - - - 20,900 20,900 5565- 02- 001EGAL SERVICES 5567- 02- 00'AU6IT SEWCE 5570- 02- 00'SFECIIIAI SERVICE - - - 800 800 5575- 02- 00tEQUIPMEI TIRENTAL - - - - - SUNDRY: - - 44,830 44,830 5820- 02- 00`RUILDiNG - - - 5830-02-00 IMPROVE OTHER THAN BLDG_3 - - - CAPITAL: - - - - DEPT TOTAL: - - - 74,210 74,210 I DETAIL O 5261.02 -00 POSTAGE Electricity Service - GAM 6,100 6,100 5545.02.00 PROPERTY INSURANCE 5280.02.00 MINOR EQUIPMENT 20,300 20,900 7,700 600 Miss Supplics for Buildings to Operate (Electrical Supplies, etc.) 7,700 - 5290.02 -00 EXPENDABLE SUPPLY 5570.02.00 SPECIAL SERVICE Environmental Expense Power washing Building - CAM 740 Sweeping - CAM 1,760 Porter Service CAM €300 Landscape - CAM 4,540 5403.02.00 BUILDING MAINTENANCE Fire Sprinkler Alarm . CAM 1,430 21,680 AsphaIV Flard Surface repair- CAM 5,940 Site signage- CAM 1,310 Fainting Exterior - CAM 2,960 Roofing Repair 2,600 !Vacancy Preparation '100 5501.02.00 ADVERTISING Advertise v cancies in Shopping Center 1,000 1,000' Licenses and Fees 500 ASSOC DUES/ 5510.02 -00 Professional Fees per I -ease 730 1,230 SUBSCRIPTIONS 5530.02.00 ELECTRIC SERVICE Electricity Service - GAM 6,100 6,100 5545.02.00 PROPERTY INSURANCE Insurance for Building 20,300 20,900 Umbrella Insurance: 600 5565.02.00 LEGAL SERVICES - 5567 -02 -00 AUDIT SERVICE 5570.02.00 SPECIAL SERVICE Environmental Expense 300 800 wt_r t: tt .. _ 0 �I TOTAL OPERATING BUDGET AMOUNT: $ 74,210 j 0t-02 -1 g0N0 m OCANM toNOrLOOONO d N O LO N b� 00 CO t® OO N LO — W ; N O M O0 N 0 'd° P• N 0 0 0 1 O 0to(n 00 rP- N0000f' -0 °00 co 00toP NC)O tolI- CD 0 N d "i d L6 uij i C CV CM CNf 6 0 d 6 6 C6 0 M d' O (�r1� 0pra0C3�N WOM6) N NNr O N T- M 0) LO 03 N I 1-NNN0 W ' rLfl0r0OC)N00009LO O O O M LO N 00 P N 1 1 O d � ° CO Lf1 Ln M M OD W r M M N r M O�LCy0pr1`MMNt`OrN h �� OMr�lO�00M(O NI W Oa0 L$) NI D rNLflC��000t0j(OMh1U> r ®Mr NNt-:ui 6 6d d RI OO M 00 0A CO O O N O O lfl r P°.' cal N M N N d° N N M N N M N � r r r r r r r r r M co LA O to N CO N 0 0 O O N OOOM�'OON(O(O()9 0 0 0 � ° N 0 m v 0 00 'LtMO� P• OMNOMMMP• 00LO �- toOOLn r � 00001�000OOrMODOLnM 000 1,, I® NI O e� d N M— : (6,6 LA 07 00 M of L , 9 NI M CO Z M O N '�' t C6 M M Od O)CANCAONC�OM(n r r r r r M N r NMNNMNNMNN N N M Lo to Orr M r 0 (O P- CO O 00 r 0 LO O 00 O 00 O P- I` 00 O OCriNto W 0 ° ( D O OhLOtoli�eOML,nNC�NI'e q00 - V , 0Lp w � a-0 Or(OCOd_MO0OMO(eo0� W "t 000M01-M d� NI N NOLorrr- N0) Lo P NI K Cq C6 6 Ld Cq Lo NCO COMCO CAMO)OOd'woNOOMO r NMNNMNNMNNMN r r r r r r r r M V.- M CA r N O M 00 r 00 N M r o r d Lo to r O 00 I- O d' CO O CO P to CO 00 Lo r C0 � Ln N O M O N) W m W N OO N (O r 1� O P• M LO OC�C�OOOOe1 LO r-0wNN It M OCAP d d rCOCD1-P -L;COM M NI M I�N W Md'LflMMNOtflM M rtoNM(OMtOOL()f�00M Lt8 � 00 d'OOOd'MONOrr(� � "`' NMNNMMNMNNNN M r r r r r r r r M M Q r �- tY W Nvw0 CC) 'IT wNOm Q') 0 h o to coNLo CO LorP- Nt - m"tN N of IT 009— tlT 0P-MW O MLArMNnC�00P P. 00)V(Y) v t0)001�0flr 0 O NINfO� P-wmmmO W N0O V NM N W cm O t6 L6 t Lo (0) M Co A r^ M P tda C\F C6 c � LCj � NOM v e- C7 CAMo000 W OMOANMCA N `; NMNNMNNMNMMN M r W C � C (0d 000)L0LO 't toco;'CO0000 CD CDMLOLoCOrCo0AM000�CflP- N CO OIL OIP Cad OtO67M h MN 00ret P It 00 N ° 0"t O NP- MtorC�00(Or00 *(OOOOO(ON0)MP rr M tLoo M 0C�p N V V't to N M r U cocm'6 CO) M O►` M O CO 'd' N O ° tO d' V'L6t- d4 to i�(6 C6 ® C6 y � 0) tl°00V — 0) IT 000OO) O CA CMNNMNN Cl) NN'It N 0 CV) M Cl) 04 P -Mto0) W (O 0 0 0) 000 V) ° a) I-- r h-N "" M P -000W 0 r � O N 0 00 00 P- P- r O N N (Y) tq r M O O (O ►- O 0) M I� LSD P- O N O M Lo 0� h O P- v M 00 v M M fe O C (� r M O0 Lo 'V w O 0 NI to 6) ►e N lap l` 0) vi 1- ChI M C N I (6 m Lfl (N e 1-7 0 O r O M C0 h 41- Or 00 0N00rN00N0) O ° C NNrNMOV NNMNMN N 4i r r rr-e -r e-r r N CU M V- 0) NCnNI�NN�( @° UOII`C�Or00L0t-8pp ®OP•MMMP ) O Cl) OOLOrNrCOLoCn Ot- N OCit-CoL6 d' N NtP M M OAr�OC I­Otfl N CF) c W 0(O0000NNCY) NNO3�t"�1 00r gOOr tom COLnr 00 0 CV dL6(6� (0 M r� ®P rr00� M C�j 0) — 000)Ctl0)C\lN04 0 r r r NNNNMNMMMMMN to r r e- rrrrrr M M Lo N W J (7 Z_j i- >U W �00��'> -j QWQa » WUOW ® > QW O_Q5=)DWUOW ; Date: July 16, 2008 Subject: Review and discuss EDC Financial Reports. Originated by: Clifford Blackwell, III, Director of Finance and EDC Treasurer Summary: Attached for the Board's review is the KEDC monthly financial reports for the month ending June 2008. :- s City of Kennedale 20 -0 Financial Report PERSONNEL COSTS 2007 2007 71.22% CURR. YR Jun -08 PROJECTED SUPPLIES ACTUAL Y -T -D PERCENT BUDG Y -T -D YEAR EN MAINTENANCE FUND BALANCE CARRY FORWARD: 2 025 635 - 2 025 635 REV - 1,000 SERVICE 154,029 97,393 63.23% SALES TAXES 336,110 245,463 73.03% 372,011 230,301 315,723 INVESTMENT EARNINGS 93,095 70,013 75.21% 60,000 41,101 59,406 FUND 95 INVESTMENT EARNINGS 109,134 200,801 TOWNCENTER - 2,993 4,489 RENTAL INCOME 45,762 74,210 0.00% 165,600 138,590 207,674 OTHER INCOME 1,200,000 1,200,000 0.00% - - - TRANSFERS IN - - 0.00% - TOTAL EDC REVENUES $ 1,674,967 $ 1,515,475 90.48% $ 597,611 $ 412,985 $ 587,292 PERSONNEL COSTS 101,576 72,345 71.22% 107,017 76,515 153,031 SUPPLIES 7,972 5,870 73.63% 13,200 6,264 9,082 MAINTENANCE - - #DIV /01 1,000 - 1,000 SERVICE 154,029 97,393 63.23% 802,054 251,912 785,211 UTILITIES 1,417 1,058 74.64% 600 849 849 GRANTS/ INCENTIVES 54,358 37,656 69.27% 190,000 109,134 200,801 TOWNCENTER 5,270 - 0.00% 74,210 39,642 74,210 CAPITAL 1,521,118 340,618 22.39% 112,547 111,547 112,547 TRANSFER OUT 162,606 112,606 100,000 100,000 TOTAL EDC EXPENDITURES $ 2,008,346 $ 667,544 33.24% 1,300,628 695,862 1,436,730 REVENUES IN EXCESS OF EXPENSES (703,017) (849,438) ENDING FUND BALANCE: 1,322,618 1,176,197 Operating Revenues Operating Expenditures Operating Incomel(Loss) Nonoperating Revenues /(Expenses) Interest Earnings Transfers -In (Transfers -Out) Beginning Fund Balance (as of Oct. 1st) Available Funds Ending Fund Balance BUDGET Jun -08 537,611 46,539 1• 1. (763,017 4,477 Y -T- 371 ,884 (595,862) $ (223,978) 60,000 2,638 41,101 ® - (100,000) (703,017) 7,115 (282,877) 2,025,635 1,432,192 405 Municipal Drive, Kennedale, Texas 76060 SUBJECT: To receive citizens' input on proposed economic development projects and K EDC budget for fiscal year 2008-2009. (Projects are listed on attached page) 1. NAME: 4) n o zip PHONE NUMBER: It 5 D DO NOT WISH TO ADDRESS COUNCIL, BUT I WOULD LIKE T REGISTER THE FOLLOWING OPINION. i 3. 1 AM RE GISTERING 0 FOR El AGAINST KEDC PROJE CTS AND 2008/2009 BUDGET. Public Hearing - To receive citizen input on the proposed economic development projects and KEDC budget for fiscal year 2008 -2009. 1. Project Planning, Construction, Development, and on -going Day -to -Day Operations/Management /Marketing of a "mid- city" downtown district including but not limited to the commercial, medical, retail, and (New Urbanism style, typically higher density /multi - storied) residential growth of TownCenter Kennedale and its surrounding area; 2. The development of new and renovation of existing commercial / residential and municipal / KEDC projects designed to enhance Kennedale's lifestyle and quality of life; 3. The further development / beatification / landscaping / upgrading of the TownCenter Kennedale area and its adjoining TCK Plaza; 4. The planning, implementation, marketing, and operation of Civic / City Events and establishment of a City /TCK Public Arts Program; 5. The construction of a new Kennedale Entranceway Monument Sign at a site TBD; 6. The creation & implementation of Kennedale Parkway, Village Creek, and I -20 commercial and residential Urban Renewal / Development / Redevelopment / Revitalization / Beautification plans and actual projects derived from these plans; 7. The Creation of a Tax Increment Financing District(s) (TIF) including Consultation, Planning, Legal, and Engineering Services; 8. A Kennedale Marketing and Implementation Plan aimed at City Branding and attracting new Kennedale projects and businesses; 9. The continuation of the existing Revitalization Grant Program and funding; 10. The recruitment of new and retention of existing Kennedale industrial businesses and development / redevelopment of industrial park(s); including but not limited to rail spurs, infrastructure, etc; 11. The attraction and development of DFW Metroplex area commuter transit / light rail / mass transportation services including the development of a Kennedale rail station and related improvements; 12. The purchase / leasing / sale or other means of transfer of real estate land and properties for the accomplishment of the above designated projects; 13. The issuance, purchase, sale, or other means of transfer of Bonds and other debt instruments designed to fund the above objectives including, but not limited to implementing a Tax Increment Financing (TIF) District and mixed -use project(s) development/redevelopment; 14. The implementation of an E -Civis Grant Writing Program; and 15. All necessary services and related expenses for the above projects including but not limited to project master - planning; engineering; alternate energy sources; project advertising / marketing; related consultant and legal services; new construction / remodeling / maintenance of landscaping, roadways, City / KEDC owned or leased buildings, and their related improvements. Page 1 of 1 RUA / Date: July 15, 2008 Subject: Staff Announcements/Reports Originated by : Kathy Turner, Secretary EDC Summary: Board of Directors will receive announcements /reports from the following: a. Executive Director � . -kaO Vet alb 3 LC �,s � c &),,- U'.Q- lmuALOC.e - Ov d --T-- I I 4yu n 1 0 0 a� UF� Date: July 15, 2008 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 : r r Date: July 16, 2008 Subject: Reconvene into open session and take action necessary pursuant to executive session. Originated by: Kathy Turner, Secretary to EDC pmwmrm