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2008_10.21 EDC Agenda PacketNOTICE OF MEETING OF THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS KENNEDALE, TEXAS Notice is hereby given that a Regular Meeting will be held by the Kennedale Economic Development Corporation Board of Directors on the 21 day of October 2008 at 7:15 P.M., in the Kennedale Municipal Building Council Chambers located at 405 Municipal Drive, Kennedale, Texas, at which time the following subjects will be discussed to wit: AGENDA (SEE ATTACHED AGENDA) Dated this 16 day of October 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 October 16 2008 at 6:00 o'clock P.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 16 day of October 2008. By: Kathy Turner, Secretary to EDC f AGENDA KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — OCTOBER 21, 2008 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. COUNCIL CHAMBERS 7:15 PM CALL TO ORDER ROLL CALL I. REGULAR ITEMS a. Introduction and seating of Jon Mark Yeaty, new KEDC Board of Director (Place 6). b. Consider election of President and Vice - President to serve a one -year term. C. Review and consider action to approve minutes; regular meeting dated July 22, 2008, and special meeting dated July 29, 2008. d. Review and consider action to approve Economic Development Revitalization Grant to Lance Crosswhite for the demolition of Kennedale's old city hall and its redevelopment into a modern office building. e. Review and consider action to approve visual and functional grant payments for Richard Hollis dba Subway (applicant). f. Review and consider action to approve policy for staff actions authorizing repairs and improvements to properties owned by the corporation. g. Workshop and discussion of TownCenter Kennedale development concepts, timing, and financing. II. STAFF ANNOUNCEMENTS/REPORTS a. KEDC Executive Director Announcement /Reports. 1. Introduction of Sakura Moten - Dedrick, Director of Finance /Treasurer. b. KEDC Director Announcement/Reports 1. Update on Town Center Projects. 2. Update on upcoming grant prospects. Page 1 of 2 Staff Repot To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: I -a Subject: Introduction and seating of Jon Mark Yeary, new KEDC Board of Director (Place 6). Originated by: Kathy Turner, Secretary to EDC Summary: The City Council appointed Mr. Yeary to serve in Place 6 during their regular meeting held on the 9' day of October 2008. Mr. Yeary has resided in Kennedale over the past 10 years, owns and operates Yeary Automotive located at 509 E. Kennedale Parkway. In addition, Jon is the Scout Master of Troop 135, and he and his family reside at 601 Joy Lane. Recommendation: Staff Repot To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: I -b Subject: Consider election of President and Vice - President to serve one -year terms. Originated by: Kathy Turner, Secretary to EDC Summary: Board of Directors will select a President and Vice - President to serve a one -year tern. Ballots will be presented during the meeting to each member to cast his /her vote. The president shall preside at all meetings of the directors. He or she shall have the power to sign and execute all contracts and instruments of conveyance in the name of the corporation, to sign checks, drafts, notes and orders for the payment of money, and to appoint and discharge agents and employees, subject to the approval of the board. He or she shall have general and active management of the business of the corporation, and shall perform all the duties usually incident to the office of the present. The vice - president shall have such powers and perform such duties as may be delegated to him or her by the board. In the absence or disability of the president, the vice - president may perform the duties and exercise the powers of the president. - .. Disposition by KEDC Board of Directors: BALLOT ECONOMIC DE MENT CORPORATION BO IRECTORS ELECTING A PI VICE- PRESIDENT ECONOMIC B ARD OF D ELECTING A RESIDENT / " INSTRUCTION NOTE: Plate an "X" in the sc NC) INSTRUCTION TE: Place an quare beside the name indicating t way you wish to vote. a PRESIDENT ❑ Donnie Graham VICE -P SIDENT ❑ Darrell Erwin ❑ Dar 11 Erwin ❑ Donnie Graham ❑ onnie Graham ❑ Doug Parker O ❑ Beverly Hayes Beverly Hayes ❑ Rebecca Mowell ❑ Rebecca Mowell ❑ Robert P. Mundy ❑ Robert P. Mundy ❑ Doug Parker ❑ Doug Parker ❑ Jon Mark Yeary ❑ Jon Mark Yeary ECONOMIC B ARD OF D ELECTING A RESIDENT / �::l INSTRUCTION NOTE: Plate an "X" in the sc you wish to vote. i PRESIDENT a ❑ Darrell Erwin ❑ Donnie Graham a ❑ Beverly Mayes 1 i ❑ Rebecca Mowell 00 ❑ Rd ert P. Mundy ❑ Doug Parker ❑ Jon Mark Yeary T CORPORATION CTORS D VICE - PRESIDENT eside the name indicating the way VICE - PRESIDENT ❑ Darrell Erwin Donnie Graham ED] Beverly Hayes ❑ ebecca Mowell ❑ R ,�ert P. Mundy ❑ Do4 Parker ❑ Jon Mark Yeary To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: I -c Subject: Review and consider approval of meeting minutes dated July 22 and 29, 2008. Originated by: Kathy Turner, KEDC Secretary Summary: Draft copy of minutes reflecting action taken during meetings held on the 22" and 29 of July 2008. Recommendation: Recommend Approval. Disposition by KEDC Board of Directors: 2W '/'� , " '-1 � �d 275 KENNEDALE 405 President, Robert Mundy meeting to order at 7:17 p.m. TION AL BLDG. Members present: President, Robert Mundy; Vice President, Beverly Hayes; Board of Directors Megan Husby, Donnie Graham, Darrell Erwin, and Rebecca Mowell. Members absent: Board of Director, Doug Parker. Staff present: Bob Hart, Executive Director, Mike Soab, KEDC Director, and Clifford Blackwell, III, Treasurer. I. REGULAR ITEMS a. Review and consider approval of minutes: Regular meeting dated June 17, 2008. Rebecca Mowell moved to approve meeting minutes dated June 17, 2008 as submitted, second by Donnie Graham. Motion carried (6 -0). b. Review and consideration of KEDC authorization of partial reimbursement for approved Functional Grant related expenses to Chicken Express. Rebecca Mowell moved to authorize the KEDC to pay One Thousand Seventeen Dollars and Twenty Cents ($1,017.20) now, and then pay One Thousand Seventeen Dollars and Nineteen Cents ($1.017.19) upon completion of bathroom for approved Functional Grant related expenses to Chicken Express. Motion second by Beverly Hayes. Motion carried (6 -0). C. Public Hearing, Review and consideration to approve proposed economic development projects and the KEDC budget for fiscal year 2008 -2009. 1. Staff presentation — Mike Soab, KEDC Director stated that the listed projects are proposals, and just because they are listed, does not mean that the KEDC will expend funds on such. Next, a brief discussion ensued on the proposed 08 -09 budget with no additions /deletions. 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 276 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 Creels, 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; 277 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. Shelley Hibbard, 7089 E. Kennedale Parkway, Kennedale, TX registered during the public hearing, but provided no comments in regards to the budget. With no other persons registering to speak for or against the proposed projects or proposed budget for fiscal year 2008 -2009, President Mundy closed the public hearing. Action on projects and budget for fiscal year 2008 -2009. Rebecca Mowell moved to forward a recommendation to the City Council to consider the proposed 15 projects and budget for fiscal year 2008 -2009, second by Beverly Hayes. Motion carried (6 -0). d. Review of KEDC Financial Reports. Clifford Blackwell, I11, Treasurer provided the board with a monthly detailed report and a revised summary report. Blackwell said revised summary report reflected a more projected outlook at where the funds would stand at years' end. II. STAFF ANNOUNCEMENTS/REPORTS a. Executive Director Announcement/Reports. Bob Hart, Executive Director and City Manager reported on the Strategic Plan that would begin kick off in September and run through March with roles being defined over the next couple of weeks. b. KEDC Director Announcement/Reports. Mike Soab, KEDC Director addressed the Board on the following; 1. Waiver of grant requirements prior to grant approval for the Pitt Stop Caf6; 2. Oil and Gas Lease bids; 3. Request from Subway for larger signage; 4. Update on TownCenter Plaza and expenditures; 5. hicrease in vacation and car allowance for fiscal year budget 2008 -2009; 6. Re- scheduling of August 19 meeting; 7. TownCenter Shopping Center Fagade and theme for such; President, Robert Mundy advised that grant request was not a posted agenda item; therefore no action, commitment, votes could be taken, only discussion in light of Soab's report. 278 III. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS a. President Announcements /Reports President, Robert Mundy spoke about the Friends of the Library's proposed request to place a sign on the back of the Library Building that mirrors the front signage to identify the building to the public. b. Board of Directors Announcements/Reports With no announcements /reports from the Board of Directors, President Mundy recessed the meeting at 9:00 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 NECESSARY PURSUANT TO EXECUTIVE SESSION. President, Robert Mundy reconvened into open session at 9:13 p.m. Megan Husby moved to authorize a gas lease in accordance to the same terms and conditions that the City Council negotiates for the city properties, and authorized the City Manager to sign the lease. Motion second by Darrell Erwin with all members present voting in favor. Motion carried (6 -0). VI. ADJOURNMENT Rebecca Mowell moved to adjourn the meeting at 9:15 p.m., second by Donnie Graham. Motion carried (6 -0). APPROVED: President, Robert Mundy ATTEST: Kathy Turner, Secretary to EDC 279 KENNEDALE 405 President, Robert Mundy called the meeting to order at 7:17 p.m. TION AL BLDG. Members present: President, Robert Mundy, Board of Director's Rebecca Mowell, Megan Husby, Doug Parker, and Donnie Graham. Members absent: Board of Director's Beverly Hayes, and Darrell Erwin. Staff present: Mike Soab, KEDC Director. In addition, grant applicants Deborah Ridenhour and Shelly Hibbard representing The Pit Stop Cafe were present. I. REGULAR ITEMS a. Review and consideration of an economic development revitalization grant application from Deborah Ridenhour and Shelly Hibbard dba The Pit Stop Cafe for ( interior and exterior improvements. President Mundy advised that two issues were before the board: the grant issue, and additional improvements to be approached at a later date. Rebeccca Mowell moved to approve grant application as presented less the walk in cooler ($26,856.69) at 20 percent, contingent upon performance agreement stipulating applicants obtain a lease for a minimum of five years. Motion second by Doug Parker. President, Robert Mundy moved to amend the motion to remove the termite treatment cost ($625.00), and to remove the new roof ($8,645.07) from the grant application. Amendment failed due to lack of second. Original motion passed unanimously (5 -0). President, Robert Mundy moved that the Board direct the staff to work with the applicant and indicate that they are willing to consider a phase two to the grant to be submitted not less than 60 days from today's date, July 29, 2008. Rebecca Mowell moved to second the motion. A brief discussion took place regarding clarification of the grant. President Mundy advised the city staff and applicant that the Board was willing to consider additional items as they recognized the emergency nature of this application. The applicants were not able to delay the air conditioning due to the summer heat; therefore they were not able to submit a grant application with all planned N;I improvements. Mundy said additional expenses, if approved, may be rolled into one grant, or it may be considered separate, whichever is easiest for staff. Motion carried unanimously (5 -0). II. ADJOURNMENT Doug Parker moved to adjourn the meeting at 7:44 p.m., second by Rebecca Mowell. Motion carried (5 -0). APPROVED: President, Robert Mundy ATTEST: Kathy Turner, Secretary to EDC Date: October 21, 2008 Agenda Item No: I -d Subject: Consideration / Approval of an Economic Development Revitalization Grant to Lance Crosswhite for the Demolition of Kennedale's old city hall and its Redevelopment into a modern office building. Originated by: Mike Soab, SCLS Summary: Lance Crosswhite (Ap ant) has purchased the city's old city hall from the City of Kennedale with the intention of tearing down the existing main building and constructing a new administrative office for his company, 21 Century Direct. Mr. Crosswhite's plans call for a new 2,250 sf building with 2,820 sf of landscaping, 4 new frontage trees, 8,210 sf of concrete, 7 parking spots, 1 handicap. The existing storage building will stay. The new building will be masonry, rock & brick with rock articulations. Initial costs estimates are between $200,000 + /- to $2$7,000. After consulting with staff, Mr. Crosswhite requests a grant reimbursement of 20% up to a cap of $30,550. Recommendation: If approved, staff recommends a maximum grant cap of up to $30,550.00 based on a 20% reimbursement ratio. Subject to a mutually agreed upon performance agreement outlining Applicant's covenants as per his grant application packet including but not limited to: Demo of old building; construction of new office with noted landscaping; new parking; payment of all related construction costs; initially staffing office with at least 3 people; during the 1 year - hiring at least 2 additional workers for this location; maintaining this entire site in good condition at all times; and the continuous operation of this facility for at least 5 years starting when the performance agreement is executed, new building is completed and Certificate of Occupancy is issued. Disposition by KEDC: - W �:� 4 R A E Y� APPROVAL SUBMITTALS: Application Cover Letter With: Business History F1 NECESSARY FOR GRANT REIMBURSEMENTS: El 1 Executed Performance Agreement DATE: 2 Verification of: DATE: A Date of Initial EDC Grant Date of Final EDC Approval for Reinbursement. El S ubject: Consideration / Approval of an Economic Development Revitalization Grant to Lance Crosswhite for the Demolition of Kennedale's old city hall and its Redevelopment into a modern office building. <�� � Originated y: Mike Soab, SCL Summary: Lance Crosswhite (Ap �iant) has purchased the city's old city hall from the City of Kennedale with the intention of tearing down the existing main building and constructing a new administrative office for his company, 21 Century Direct. Mr. Crosswhite's plans call for a new 2,250 sf building with 2,820 sf of landscaping, 4 new frontage trees, 8,210 sf of concrete, 7 parking spots, 1 handicap. The existing storage building will stay. The new building will be masonry, rock & brick with rock articulations. Initial costs estimates are between $200,000 + /- to $237,000. After consulting with staff, Mr. Crosswhite requests a grant reimbursement of 20% up to a cap of $30,550. If approved, staff recommends a maximum grant cap of up to $30,550.00 based on a 20% reimbursement ratio. Subject to a mutually agreed upon performance agreement outlining Applicant's covenants as per his grant application packet including but not limited to: Demo of old building; construction of new office with noted landscaping; new parking; payment of all related construction costs; initially staffing office with at least 3 people; during the 1 year - hiring at least 2 additional workers for this location; maintaining this entire site in good condition at all times; and the continuous operation of this facility for at least 5 years starting when the performance agreement is executed, new building is completed and Certificate of Occupancy is issued. KENNEDALE EDC GRANT COVER LETTER Project Description /Revitalization Revised on April 16, 2008 APPL ICATION FORM Estimated cost of project $-2�Ll� Grant Amount Requested $ P lan for use of Kennedale Vend /l1 No Page 5 of 6 Description of expected commercial revitalization and economic benefit to the property and the City: (Why should E®C award your grant funding? May use a separate sheet of paper) 67,-11 r5t 'If 41" 6 U w er Foremost, I would like to thank the Kennedale EDC board in advance for their time and consideration of this grant application. I've prepared this cover letter in an effort to provide the Kennedale EDC with some insight on my personal business experience and what 21' Century Direct is (also known as 21CDI). III IIIIIIIq! 11�11111 111111 11��pl! 111 111111 111 !11 Sincerely Lance Crosswhite Revised on April 16, 2008 Applicant agrees • all conditions, stipulations, and criteria of •• •r package subject to the EDC award letter and a mutually agreed upon and executed Performance Agreement. �-- —�-, 0, �1-1 �1-1 � - -, W Applicant affirms that all statements and information supplied by Applicant in this grant application is true to the best of Applicant's knowledge. Applicantagrees to inform Grantor in writing if there are any material changes to application information provided. icant Signature 0 Z611 Date Page 6 of 6 Foremost, I would like to thank the Kennedale EDC board in advance for their tinK and consideration of this grant application. I've prepared this cover letter in an effort to provide the Kennedale E with some insight on my personal business experience and what 21" Century Direct is (also known as 21C I), This grant is being requested to assist 21C DI in revitalizing the lot where the Old City Hall is by turning it into a new administrative office for 21' Century Direct. Sincerely Lance Crosswhite P Foremost, I would like to thank the Kennedale EDC board in advance for their time and consideration of this grant application. I've prepared this cover letter in an effort to provide the Kennedale EDC with so insight on my personal business experience and what 21' Century Direct is (also known la- 21CDI). This grant is being requested to assist 21CDI in revitalizing the lot where the Old City Hall is by turning it into a new administrative office for 21' Century Direct. Sincerely Lance Crosswhite rdi (C"ol-ve'd ae§ Foremost, I would like to thank the Kennedale EDC board in advance for their time and consideration of this grant application. I've prepared this cover letter in an effort to provide the Kennedale EDC with so ight on my person b al usiness experienc e and what 21" Century Direct is (also known 21CDI). l nsi a This grant is being requested to assist 21CDI in revitalizing the lot where the Old City Hall is by turning it into a new administrative office for 21 Century Direct. Sincerely Lance Crosswhite C: 2 4' C) Ln i I mi l l , aj LL Ch 5E m 0, C� c u z o u Ul 0 0 rA ro 2 W N i I mi l l , aj LL A rnli Or cr C) N cn w z 0 N W ; N (IUD r 0 u 0 0 D C: fu Ln w z 0 N W ; N I� g r 3 i t s k All 'a dr F FF e u �- 4 i.- {y i j VA , L• s 4® E Ln Lu 00 EDC Floor Plan. Thursday October 09, 200i� 11:40 AM 209 N. New Hope Rd Crosswhite Investments,LLC Building 45x51 'SqFt 2250 5( MIX-4 1 r\%.JIM 1 "UUr\ CC ,-)L Lance Crosswhite 209 N. New Hope Rd Kennedale TX, 76060 ITEMIZED COST SPREADSHEET Description of Item Company/Vendor/Contractor Cost/Quotes/Bidz- 237,000.00 N 0 DEMO Building & Asbestos Survey Hoppy Leatherman $ 15,350.00 Architect Site & Building Plans John Taylor & Associates $ 6,!500. 00 Topographic, Grading, Erosion Plans Grant Engineering, Inc. $ 2,950.00 Construction Erosion Fence Mark Martinez $ 900.00 Steel wilding /Slab /Erection Millers Metal Buildings Inc. $ 25,900.00 Masonry Rock/Brick installed 21st Century Distributors Inc. $ 21,000.00 General Contractor, Framing Mark Martinez $ 22, 500.00 77 Parting, ""'idelt'jalk verl $ 35,000,00 Plumbing (all) Mark Martinez-Sub Contractor $ 8,800.0 Electrical (all) Mark Martinez-Sub Contractor $ 12,500.00 I -- ILIAC instaffer) Arlington Air Coed /Kfiniried'ade Ve $ 15,21,50. ( 0 Computer Cables/Data Computer Cables of Dallas, LLC $ 4,000.00 Floor Covering Tile/Carpet ALL 21st Century Distributors Inc. $ 10 F 1""r !. 0 1� 5,'Ah eetr(- R, Fow vcmvlor $ f , OOC). ()Q INSULATION, Walls & Ceiling Mark Martinez $ 3, 500.00 Perimeter Wood Fencing Lowes & LABOR $ 5,500.00 Laridsca pit to 1- Malsovi Landscaping Vcm� _ fKennedale $ 6, 200 00 Parking Lot Painted Strip-A-Zone $ 950.00 — Ceiling, Molding, Trimming Lowes & Mark Martinez $ 3, 000.00 Interior Paint + Labor Lowes & Mark Martinez $ 2 — Fixtures, Toilets, Lights, Sinks Lowes $ 5,000.00 8 Interior Doors, 3 Exterior Doors Lowes & Mark Martinez $ 6, 700.00 — Cabinets, Countertops Installed Lowes & Mark Martinez $ 4 12Gallon Water Heater + Labor Lowes & Mark Martinez $ 700.00 — Phone System + Installation Computer Cables of Dallas, LLC $ 2,532.00 Phone Lines + Jacks installed AT&T $ 1,000.00 Security System Installed Monitronics, Inc. $ 500.00 237,000.00 N - Resource Environmental Consulting, Inc. 5001 LBJ Freeway, Suite 700 Dallas, Texas 75244 Phone 972 -385 -4535 Fax 972- 385 -7161 email: RECenviro @aol.coni July 15, 2008 Mr. Lance Crosswhite 21 Century Direct, Inc. P.O. Box 737 Kennedale, Texas 76060 RE: Asbestos Survey Report Former City Hall 209 N. New Hope Road Kennedale, Texas 76060 REC Project No.: 08213 Dear Mr'Crosswhite: Resource'nvironmental Consulting, Inc. (REC) is pleased to submit for your reviewthe attached laboratory - report` °far the -asbestos survey performed on July 14, 2008 at the referenced facility. The survey was -performed by "D3 ana M. Lee, a Texas Department of State Health Services ( TDSHS) licensed Asbestos Consultant ( #10= 5341). The sampie.-.06 liection procedures, analytical methods, laboratory results, and survey conclusions are presented below. SAIVII'L�+ COLLECTION PROCEDURES & A1VAI NMCAi ME DS The former city hall building at 209 N. New Hope Road in Kennedale, Texas was surveyed to determine the presence and location of asbestos- containing materials. The building is a single - story, L -shape and comprises 4,670 square fee t::The date of construction is unknown. The samples: collected were submitted to Steve Moody Micro Services, Inc. of Farmers Branch;: Teas; a. TDSHS licensedAsbestos Laboratory ( #30 -0084) REC collected forty -five (45) samples ofsuspectasbestos- containing materials from the buildings. The samples were. analyzed- using Polarized Light Microscopy (PLM), in`: *Wrijunction with dispersion staining techniques as outlined in the Environmental Protection Agenejr.(EpA) IViethod (600/R- 93/116). LA TIORY RE TS Bulk samples of materials that analytical test results indicate are 1% or greater of asbestos content are considered asbestos- containing materials and renovation anti /or demolition of these materials is regulated by TDSHS regulations. REC collected three samples of each type ofmaterial suspected of containing asbestos as required by TDSHS regulations. The laboratory results for each suspect material sampled are discussed below: 2P" Century Direct, Inc. July 15, 2008 REC Project lJo O�Z13 Page 2 ' ®m ®e em tee i 1 Mable/ bes ®s C'.Beemi,1nleiaws �ece^r®re4ra►nl�see�tio it N ®ti4Friab a untenl 1,2,3 1' x 1' ceiling file & mastic Friable None Detected 4,5,6 popeom ceiling texture Friable None Detected 7,8,9 sheetrock wallboard texture Non - Friable None Detected 10,11,12 sheetrock wall and ceiling joint compound Non - Friable None Detected 13,14,15 white 14VAC duct mastic Non Friable None Detected 16,17,18 9 x 9 tare floor tile & mastic, south offices Non - Friable 5% Chrysotile- (under carpet) the 5% Chrysotile - mastic 19,20,21 9" x 9" white floor the & mastic, north offices Non - Friable None Detected (under carpet) 22,2344 grey linoleum, south entry Non - Friable None Detected - linoleum 5% Chrysotile- black mastic 25,26,27 yellow linoleum, restroom next to mechanical Non - Friable None Detected room 28,29,30 brown linoleum, south communications room Non - Friable None Detected 31,32,33 wall panel mastic over sheetrock, two rooms at Non - Friable None Detected - south end mastic 2% Chrysotile - texture 34,35,36 2' x 4' ceiling tile, two rooms at south end Friable None Detected 37,38,39 tan linoleum, west end hallway under carpet Non - Friable None Detected 40,41,42 exterior window frame caulking Non - Friable 2% Chrysotile 43,44,45 roof felt Non - Friable None Detected 21" Century Direct, Inc. July 15, 2008 REC Project No.: 08213 Page 3 CONCLUSION It is REC's understanding thatthe building is to be demolished. The asbestos survey ofthe building identified the following as asbestos- containing material: ® The floor file and black mastic at the south end of the building totals approximately 1,768 fe. This material is located under carpet on the lower part of the L -shape of the building. ® The sheetrock wallboard is located behind wood paneling in two rooms at the south end of the building. There is approximately 724 square feet of wallboard behind the wood paneling. ® The window frame caulking is located between the aluminum flame on the windows and the brick on the exterior of the building. There are approximately 22 windows. ® A 10 business day written notification is required to be submitted to the TDSHS prior to abatement and demolition activities. REC appreciates the opportunity to be of service to 21 ' Century Direct. If you have any questions concerning this report, please contact me at (972) 385 -4535. Sincerely, RESOURCE ENVIERONMENTAL CONSULTING, INC- Dyana M. Lee President TDSHS Licensed Asbestos Consultant ( #10 -5341) attachment: laboratory report d'" s I Uhl a®i i® dam' � �� "' � b pdTAOJI V & 4�r p No L� S Jul 23 0 05;28p 81 fbbl 9 P.1 BMVZROMMENTAL SPECZALISTS 10 16 COLO RENNE 0 O FFICE 817-561-245 PAX PA.CSIMILE TRANSMITTAL STET 04 fl URGENT ❑ POR REVIEW ❑ PLEASE COMMENT O PLEASE REPLY O PLEAS3 RRCYCLE LANCE, PLEASE EaND ATTACHED 1TIE PROPOSAL FOR ASBESTOS ABA704ENT OF OLD CITY HALL TWS ESTIMATE IS FORTOTAL SEkVICES TO REMOVE ASBESTOS PER TEXAS DEPT OF HEALTH REGULATIONS. WE WILL ALSO FILE AIL NOTIFICATIONS AND REQWRM PAPERWORK. WITH THE STATE. mmrnTr rrn rgmv��r� E ces Inc. s, �f.r Pry_ �a r 1016 Cdonial Ct. Kennedale, Tex= 76060 Of fte (8 17) 4794936 Fax (817) 561- July 23, 2008 Attn: Mr Laom Uosswhite 21 Direct, Inc. P.O. Box 737 Kennedale, TX 76060 Re: Asbestos Abatement Old City" EUV610F InC. Would like to thank you for the opportunity to submit our proposal on the above referenced. project Enviro Services will provide all necessary supervision, tabor; materials, equipment and supplies required for the proper execution of the abatement of this projecL All applicable specifications, federal, state, and local ons will be complied with and is the basis for this proposal. All insurance is a "A' rated or better companies. Perform Asbestos Abatement and disposal of Floor Tole and Mastic, Sheetrock, Wall Board and Window fiwe caulldng We propose to complete this work for the sim ................ 55,375.00 Provid Specifications from Consultaid .......................... ...........................5750 UO de Lkensed Air Nlanitor/Fmject Manager ...... Uns CaMS.60 per day ...Si .00 ds EXCL USIONS 1) Any item not discussod during the walk then 2) Sales Tax 3) ARU Fees Stwuld you have aW questions repxding ttus pwpowl, please do 1 'd AQ1771,00J LQ dam R P7 inr v �a eo oe voc sp - va as ae� ¢ e� a aeea.< 1 # This proposal is good for 60 alap. if it tncets wits, your mmipprovFaL pleaw migw And ftlure. Accep _ -_ Dille IINVI'E: WORK CAN NOT BrGIN >l7'fif®t!'>I IGNEID) PROPOSAL F,;tCLQ1SiOr4Se fopsoil, ricseles, lsatiasg ® : w4r_ tti��, Lrosion confrol, Cdo�ols�iz�tearaa d'ra Protection, Roads„ In co ws f ., Utility damage or repair sh ipia Cashion Sand, ck tff ' q­3E� c3lp .I, crg�,rg_VIb -u s P r han all Le- Preside r esource Environmental Consulting, inc, 5001 LBJ I = Mway, Suite 700 Dallas, Texas 75244 972- 385 -4535 e-mail: RECenviro@aol.coo 9 72 - 385.7161 Fax Mobile:9la_FyF_nnc F. a PROPOSAL y 9 w a •- I ' aIr JOHN TAYLOR ASSOCIATES 6800 Brentwood Stair Road, Suite 201 Fort Worth, Texas 76112 817) 446 -1364 (Fax 817 446 -1307 Crosswhite Investments, Inc. (817) 561 -4608 1;: 1 -I' Thank you for considering us for your important project. Listed below is a detail summary of the work we will provide, fee charged and a break down of the fee schedule PROJECT: Office Building -2250 B.FT. 209 N. New Hope Rd. Kennedale, Texas This service will include the following drawings: (unless crossed out) LISTED: COVER EROSION SITE PLAN SITE PLAN FOUNDATION PLAN ROOF FRAMING PLAN EXTERIOR ELEVATIONS WALL SECTIONS REFLECTED CEILING PLAN ROOM FINISHED SCHEDULE AND DETAILS DOORS / WINDOWS SCHEDULE PLUMBING PLAN MECHANICAL PLAN ELECTRICAL PLAN LANDSCAPE PLAN (No Seal) ADA PLAN REVIEW Not Included in fee: * Soil Report * Topographic * Utility Plan * Fire Hydrant * Sewer Line Extension * Drainage Study * No Field Inspection * ADA Const. Inspection * Asbestos Survey * Building Permit * Health Department Fee * Replat of Site Plan ENERGY REPORT Included in this fee 08 sets of blue line prints, Which includes 2 -sets for review during development of plans, 2 -sets for city permit, 4 -sets after completion of plans.. DESIGNFEE: ................................................................................. $ 6,500.00 (25 %) Retainer fee down to start the drawings ............. ............................... $ 1,625.00 ( *) (35 %) After plans (60 %) completed ......................... ............................... $ 2,275.00 (30 0 1o) At completion of plans ................................ ............................... $ 1,950.00 (10 0 1o) Due after city approval and permit ..................... $ 650.00 ........................... (No later than 30 days) ( *) Preliminary fee will be Site Plan, Floor Plan, Ext. Elevations to start project. M M 910�1 Mr-4-MOMIE Topographic survey of the site = $450.00 Grading Plan = $1,250.00 Erosion Control Plan = $500.00 Utility Plan = $750.00 (No taxes are levied for any of the above work) EMPIRE � ; III 3MM • If you are interested in us performing any or all of the above work, please let us know. • Grant Engineering, Inc. 3244 Hemphill St. Fort Worth, TX 76110 817-923-3131 Millers Metal Buildings & Const., Inc. 415 N. Burleson Blvd. Burleson, TX 76025 1 Name/Address I Cross\Cltite, Lance Date Estimate # 913o/2008 5774 1/3 Deposit -PRICE LOCKED IN 1/3 due m licit slab poured FINAL PAYMLN'I' DUE UPON COMPLETION OR $5()0 Deposit -PRICE SUBJECT TO INCREASE 113 When contract signed 1/3 When slab poured FINAL PAYMENT DUE UPON COMPLETION Rep Fax # E -mail ESTIMATE GOOD FOR 7 DAYS 817 - 295 - 6022 ,1M onubci ti swbell.nct Item Description Qty Cost Total 4Y-,\50'xU0' ... 45'x50'xl0' Gable Roof Extension 13.500.00 13.500.00 4 ".x4" Squarc Tubing Post 2 1/2 ".x2 1/2" Square Tubing Trusses 1 1 /2 ".xl 1/2" Square Tubing Purlins Frigineered s... F.ugineered stab 2,250 2.00 4,500.00 Blue Prints Blue Prints 5110.00 800.00 Brick Ledge Brickledge 190' 190 10.00 1,900.00 Roof only in... 3" Insulation Willi fiber strands, roof only 2,250 1.10 2,475,00 3'x3' DBL W_ 3030 6/6 100 S/H WHT LOW E 7 200.00 1 WINDOW C:IIANGE ORDER October 8, 2008 > Added 7 3'x3' DBL WindmA Divided Light. (1-$1,400.011) total change to estimate +$1,400.00 Gable Roof 12" overhang on gable ends 800.00 800.110 Shed Roof 15'x5' porch 75 4.00 300.00 Extra concrete 15'x5" Extra concrete 75 3.00 225.00 Total Signature Phone # Fax # E -mail Web Site 817 - 295 - 6022 817- 295 -5303 onubci ti swbell.nct ;91! Unfiled Notes Page I Millers Metal Buildings & Const., Inc. 415 N. Burleson Blvd. Burleson, TX 76028 I Name/Address I Crosswhite. Lance r Date Estimate # 9/302005 5774 t/3 Deposit - PRICE LOCKED IN 1/3 due xx'lien slab poured FINAL PAYME'N'T' DUE UPON COMPLETION OR $500 Deposit -PRICE SUBJECT TO INCREASE 1/3 When contract signed 1/3 When slab poured FINAL, PAYMENT DUE: UPON COMPLETION Rep Fax # E -mail ESTIMATE GOOD FOR 7 DAYS 517- 295.6022 .iM nuubci ld swbell.net Item Description Qty Cost Total CHAN(IF ORDER October 10. 2008 > Added I Cable Roof. ( +$500.O()) > Added 75 Shed Roof, ( +$300.00) > Added 75 Extra concrete. ( +$225.00) 1bta1 change to estimate +$1,325.00 Total $25.900.00 Signature Phone # Fax # E -mail Web Site 517- 295.6022 817- 295 -5303 nuubci ld swbell.net Unfiled Notes Page 2 7'o our Customers: Due to the frequent price increases we are incurruig on material, Miller's will now oller a quote with the price of your building locked in when a 1/3 deposit is received (at which time we purchase your material) If for any reason you must cancel your building, they material belongs to you. DEPOSIT- 1/3 Down - Price locked in, material purchased (Deposit is non- rclundaNc- Customer will own material) 1/3 Due when slab is poured FINAL PAYMENT DUE UPON COMPLETION DEPOSIT- $500.00 - Price subject to increase (1Refundabic until contract is signed) - 1/3 Due when contract is signed 1/3 Due when slab is poured FINAL PAYMEN'I DtiE UPON COMP1,171 ION DELAYS - There is currently a backlog of twelve weeks. This could be delayed further because of weather (including wind). SCHEDULE - One to two weeks prior to the forms being set, a salesman will meet with you to go over the original estimate, discuss any changes and have (lie customer sign Ole contract_ The building schedule is as follows: Forms - One day Concrete - One day FIVE TO SETT AI DA YS FOR CO.N'C RF, T E 7O ,S'L'7 rTIMI CAS' 1:.4R" Building - Two to three days A salesman will contact you the day before the 16mis are sc[ and will let you know it there is a delay. As stipulated above, FINAL PAYMENT IS DUE t.?PON COMPLE"I'10ti OF YOt.'R BUILDING. Please contact the office if you have questions. ---- - - - - -- - - -. _ ...•..._ •!, _.._ .._ PH _ _ _ _ _ ._..... _ -- -• - - -{ x vs- 6 A. !!j _.. -. �: ,L,8..�n�.�mnn_�, cn' .... cVAL- 9z� °Ll9 6� ®80 X14 ®0� °00�....•...- t - -- -- - - - -.. s ---- - - - - -- - - -. _ ...•..._ •!, _.._ .._ PH _ _ _ _ _ ._..... _ -- -• - - -{ x vs- 6 A. !!j _.. -. �: ,L,8..�n�.�mnn_�, cn' .... cVAL- 9z� °Ll9 6� ®80 X14 ®0� °00�....•...- Oct 13 2008 2:43PM 21st CenturU Direct 880-656-1616 P.1 2 1 st Century Distributors, I i 630 W Owings St 2nd Floor Denison, TX 75020 Name I Address Cyosswhite Inv eels, LLC 9705 Elm Cieck Way Ft Worth, TX 76 140 I ProjeC4 I Description Qty to 770sqft Coronado Stone Texas Rubble, Cream 770 9.95 Including Material & Labor 1125sqft Aanc King Size Commercial Brick 1,125 9.25 Including Material & Labor Delivery 3 420.00 TX Sales Tax 8.25% fS V, let (V 6 i - '�" W- 7 ' -5,4ve '1( - i a t mount Markup Total 7,661.50 7,661.50 10,406.25 10,406.25 420.00 420-00 1,525.24 Total $20,012.99 P11 A. r JL-L 114 Industrial Kennedale Tx 76060 817 -561 -1308 Taclb 1211 c Estimate for Hvac on proposed building for Crosswhite Investments . Lance Crosswhite The installation of 10 ton split system: -' each Rheem 13ja60aoI condensers. 8psIOedr01 - Natural Las furnaces. rcafhm6024ac evaporaters. linesets. thermostats. drains. duct systems and Installation. lyear labor warrant -, -No cite permits. inspections. or fees are included. Electrical or Las piping are not included. Total 5152-10.00 Material and Labor Oct; 13 2000 1 s 13PM 21st Center u Direct 21st Cent Distributors, Inc. 530 W Owings St 2nd Floor Denison, TX 750201 Marine 1 Addr Crosnyhite Investments. LLC 9705 W Im Creek Way Ft Worth, TX 7€140 Pet i 1 pra)ect I Description Qty Rate: im ount Ma rkup Total 1 50.66sgyds Carpet, Adhesive, Labor - 1546€. 23.06 3,474.22 3,474.22 120 4 3 Beaulieu HC399 Paiute Royale HeaMand 349 LNFT 6" Cove Base 349 1.03 358,44 358.44 i- Gallon Cove Base Adhesive 4 20.00 80.00 � 80.00 Install 348 M Cove Base 348 0.35 121.80 ! 421.90 W Cartons Tile 711.97sg4t 12x12 Maaazzl' 711.97 2.64 1,951.12 4,851.12 bocce Setenite Labor & Setting Materials 711.97sgft 711.97 3.50 2,491.90 2,491.90 Delivery 1 195.00 195,00 � 485.00 TX Sales Tax 8.25% 706.40 From: . : r . .La \ :4 :c « ©'° « c� ©� Professional ; \ : «(/�«[ / / «/; .� >�z . 2 d pallets a« -ee 2« i nsta l led 2° � � ° © + . « :, c\ y :, \ \ \ f : �( #(k3 \d» wou d00,00 : , :<». � : .: < \ til » y »<.. and .2 ©2 / #)2 /§ # \ grad % #\ \ /\ l ay i ng (this > p » ro :.< g . \ out sod) � .. ca » : . � � � ..» insta » / . ` : : » \ trees ( \ (2; 2 .2# \ #2 \ 3 spr s ystem \# b e i nsta l led w ill run 28 00-00 sy inclu ra s outd controll d line for trees 19 1 " , Qnty Description Unit Cost Ext. Cost 1 Inter -Tel EncoreCX Phone Switch $957.00 $957.00 7 Inter -Tel ECX 1000 Phones $225.00 $1,575.00 2 66 Punchdown Block w/ Standoff $21.00 $42.00 1 24 Port Uniprise Cat 6 patch Panel w/ Bracket $295.00 $295.00 900 Cat 6 Plenum (Data) $0.43 $387.00 900 Cat 5 Plenum Voice $0.28 $252.00 15 Uniprise Cat 6 RJ 45 Jack Insert $8.42 $126.30 15 Uniprise Cat 3 RJ 11 Jack Insert $6.75 $101.25 15 Uniprise 2 Gain Wall Plates $4.581 $68.70 15 MPLS Cut In Box $2.50 $37.50 15 3 ft Cat 6 Patchcord Blue $9.57 $143.55 15 10 ft Cat 6 Patchcord (Blue) $12.21 $183.15 30 J -Hooks $3.30 $99.00 30 Wire Hangers $0.50 $15.00 30 Hilti Shots $0.32 $9.60 0 Misc. String, Tape, tie wraps, Velcro Labels, Etc. $100.00 $100.00 1 Labor $2,100.00 $2,100.00 0 $0.00 $0.00 0 $0.00 $0.00 0 $0.00 $0.00 0 0.001 $0.00 0 $0.00 $0.00 0 $0.00 $0.00 0 $0.00 $0.00 0 $0.00 $0.00 0 $0.00 $0.00 0 0.001 $0.00 0 $0.00 $0.00 0 $0.001 $0.00 Total $6,492.05 *Price does not include sales tax. Project Surnmary: 1.) Complete wiring of 15 voice and data drops 2.) Install Phone Switch TOM :Stripe —A —Zone, Inc. FAX ISO. :9722062840 Oct. 06 2005 01: 06FM P 1 9 WWW. str 2326 Terraeo Avenue ten Roum LA 70906 'Poll Free 800-397-4110 Proposal Fax: 972 -641 -9520 LA LIC, M 47954 ESTMENTS f 817 Na, -- I KENNEDALE Fax Number Job 817-561-4608 81 K. S PROPOSAL IS BASED UPON (1) TRIP COMPLY (ION, ALL ADDITIONAL TRIPS (DUE TO OWNIiR OR GENERAL 4TRACTOR NEGLIGENCE WILL BE CHARGED S 300.00. PER TRIP STRIPE -A-ZONE, INC. 1S NOT LIABLE FOR DAMAGES OF ANY U!d®RRGR4UN® U77L17Yl This proposal shall be attached to and Become a ®art of any contract signed between STRIPE- A -ZONE, INC, and the Contractor. Aecepttanco of this Proposal is an Agreement for the above scope and pricing only. 'We Hereby Propose to furnish material and labor— complete in accordance with the above speoifiaations. All material is guaranteed to be as specified, All work is to be oompletcd in a workmanlike manner according to standard practices. Any alterations or deviations from the above specifications involving extra costs will be executed only upon written orders, and all will Authorized _ become an extra charge over and above the estimate. All agrcoments Signature BILLY GUNTER contingent upon strikes, accidents or delays beyond our control. Owner is to carry fire, wind damage and other necessary insurance. Our NOTE: We may withdraw this proposal if it is not accepted within 30 days, workers arc fully covered by Workman's Compensation Insurance. Acceptance of PrOE03A1 A The above prim. specifications and conditions are satisfactory and are hereby accepted. Stfipe -A -Zone, Inc. isnuthorized to do the work as specified. Payment for this work will be In the amount listed Printed Name Any court action resulting from this agreement will be conducted in Tarrant County, i lu Oct 08 2008 11:40AM 21st Center u Direct 2007-10-09 070-03 LOWE'S ROME CENTERS, INC. 24do PROJECT ESTIMATE FENCING CUST 0: 61910481 PROJECT WDMER, 243719917 UY ITEM ITEM DESCRIPTION VEND )?ART 0 PRICE 23 290951 ComposiLe Panel 69x'71 ® 1 /2 DE A R FNS-PNL-D-R-71.S-WS 1817.00 4 290942 CoMoa-ite Endlfta Post 4X4MSP -YW9-V0ST-E-R-!)6-W9 122.88 43 290M CQMPOSite Line Poet 4X4xB' RW FRS-POST-L-R-96-ItS 1121-76 TOTAL FOR I I tr� 3071.64 FREIGHT CH H GEE 0.00 DELIMY CH 11 GEE 65.00 TAX UNT 258.77 TOTAL ESTI TE 1395.42 ThiG Quotes is valid until 11/07100. XMAGEM SIGMTURE DATE THIS LIER; i NOT ASSUME HE --- NATEEiIALS; ZVI [eAJC/AfX 1 1-� 0 Date: 10/21/2008 A Subject: Consideration /Approval of Visual and Function I Grant Payments for Richard Hollis dba Subway (Applicant). �` J� _� 0 6)� Originated by: Mike Soab, SCLS (,Z� Summary: On March 18, 2008, the EDC approved the Visual & Functional grant applications for the Applicant. Applicant has complied with the terms of the EDC's Grant Process and Performance Agreement in designing and constructing a Subway Sandwich Shop in the TownCenter Kennedale shopping center. Applicant has received a CO and opened for business on Wednesday September 3, 2008. Applicant has employed 11 people of which 9 live in Kennedale. FUNCTIONAL: Maximum Functional Grant Approved = $ 23,724.00 Actual Functional Expenditures = $ 151,769.74 Functional Grant Calculation = $ 151,769.74 / 7 = $ 21,681.40 VISUAL: Maximum Visual Grant Approved = $ 3,333.33 Actual Visual Expenditures = $ 8,422.18 Visual Grant Calculation: $ 8,422.18 / 3 = $ 2,807.40 Authorize Grant Payments of $21,681 as a Functiona Grant and $2,807.40 a a Visual Grant to Applic �- V t _5 C rt OA)O L. 6-AAM7S EDC Grant Checklist a-'J- C� 1-�o r Grant Applicant: PRE APPROVAL SUBMITTALS: ID 7 Application DATE: 2 Cover Letter With: A Business History B Scope of Work - Project Descriptions c Statement of Economic and /or Revitialization Value to City Photos of Existing Condition (if applicable) *PA Proposed Project Plans, Renderings, Drawings Spreadsheet of Estimated Expenses Copies of Contractor Bids Date of Final EDC Approval for Reinbursement: CITY OF KENNEDALE 405 MUNICIPAL DRIVE KENNEDALE, TX 76060 (817) 985 -2130 To be used as a SANDWHICH business and has been inspected and found to mply with the prowisaon co s of the Kennedale Zoning Ordinance anal Building, Codes as :pertaining thereto. I do hereby approve and issu'ethis Certificate of gamy. SPECI Must obtain an annual business license 10/08/2008 B I ing Official Date Issued 10/08/2008 Fire Marshal Date Issued M VISUa L Visual Work: As per our agreement we have designed constructed and opened a Subway sandwich shop located at 107 west Kennedale parkway, Kennedale, TX 76060. Work scope: We designed built and had installed four signs, three of which are on the out side of our business, the other is located as a pole sign in front of our business. Visual Cost: $8422.18 paid to willow creek signs visual Work willow creek signs willow creek signs willow creek signs $ 2,109.06 8/25/2008 $ 1,505.31 7/14/2008 $ 4,807.81 5/5/2008 $ 8,422.18 WILLOW CREEK SIGNS, INC. 2633 Blue Mound Rd. West laslet, TX 76052 Date Invoice # 7/14/2008 08 -17362 Phone # Fax # 817- 847 -0571 817- 847 -0579 P.O. No. Terms Rep Ship Date Ship Via Project Final Due on receipt DMF 7/14/2008 Installed Kennedale Item Qty Description Unit Rate Amount 1 2 3 2 1 1 Int. Ill. Channel Letters 16" Sign Cabinet - D/S Custom, Internally Illuminated Permit Fees and Secure Charge EA EA EA 100.00 825.00 416.25 200.00 825.00 416.25 Thank you for your business. Subtotal $1,441.25 Sales Tax (6.25 %) $64.06 Total $1,505.31 Phone # Fax # 817- 847 -0571 817- 847 -0579 WILLOW CREEK SIGNS, INC. 2633 Blue Mound Rd. West ,haslet, TX 76052 Date Invoice # 8/25/2008 08 -17585 Phone # Fax # 817- 847 -0571 817- 847 -0579 P.O. No. Terms Rep Ship Date Ship Via Project Due on receipt DMF 8/25/2008 Installed Kennedale Item Qty Description Unit Rate Amount 1 1 16" Channel Letters on Raceway EA 1,985.00 1,985.00 Thank you for your business. Subtotal $1,985.00 Sales Tax (6.25 %) $124.06 Total $2,109.06 Phone # Fax # 817- 847 -0571 817- 847 -0579 WILLOW CREEK SIGNS, INC. 2633 Blue Mound Rd. West Jaslet, TX 76052 Date Invoice # 5/5/2008 08 -16991 P.O. No. Terms Rep Ship Date Ship Via Project Due on receipt DMF 5/5/2008 Installed Kennedale Item Qty Description Unit Rate Amount 1 2 Int. Ill. Channel Letters - DEPOSIT SETS 1,850.00 3,700.00 2 1 Sign Cabinet -D /S Custom, internally EA 825.00 825.00 illuminated- DEPOSIT Deposit Invoice - Permit Fees to be added to Final Invoice Subtotal $4,525.00 Sales Tax (6.25 %) $282.81 Total $4,807.81 I Phone # Fax # 817- 847 -0571 817- 847 -0579 �- u�trTlrU/JA C- Functional Work: As per our agreement we have designed constructed and opened a Subway sandwich shop located al: 107 west Kennedale parkway, Kennedale, TX 76060. Work Scope: The functional work consisted of leveling the floor, installing: two bathrooms, one air conditioning ur it, 1 refrigeration unit, 1 freezer unit, 2 sandwich units, 1400 sfq of tile, beverage counter and dispenser, wall paper and finishing's, 1 office and equipment. Set up seating for 32 customers, installation of bread baking equipment, 2 hand washing sinks etc. Employment: We have employed a total of 11 people, 9 of these live in Kennedale. Function cost: Cost: $86225.00 To Benco $65544.74 to DAI = Total Functional Work of $151,769.74 functional Work Ben co $ 8,310.00 6/17/2008 Ben co $ 33,240.00 7/11/2008 Ben co $ 33,240.00 8/29/2008 Ben co $ 11,435.00 9/9/2008 $ .86,2 Dai (subway Head quarters) $ 65,544.74 6/16/2008 Total $ 151,769.74 Benco General Contractor 2574 Gravel Dr. Fort Worth, TX 76118 To: Richard Hollis 8904 Tyne Trail Ft.Worth, TX 76118 Date Transaction 05/31/2008 Balance forward Subway Kennedale #44028- 06/17/2008 INV #2008 -570. Due 06/17/2008. - -- Draw #1 $8,310.00 - -- Tax: New Construction/Non Taxalbe @ 0.0% = 0.00 07/11/2008 INV #2008 -578. Due 07/11/2008. - -- Draw #2 $33,240.00 - -- Tax: New Construction/Non Taxalbe @ 0.0% = 0.00 07/16/2008 PMT #9527. 07/21/2008 PMT #9548. 08/29/2008 INV #2008 -589. Due 08/29/2008. - -- Draw #3 $33,240.00 - -- Tax: New Construction/Non Taxalbe @ 0.0% = 0.00 09/09/2008 INV #2008 -591. Due 09/09/2008. - -- Draw #4 $8,310.00 - -- Change Order Add $750.00 - -- Change Order Add $1,650.00 - -- Change Order Add $150.00 - -- Change Order Add $575.00 - -- Tax: New Construction/Non Taxalbe @ 0.0% = 0.00 09/15/2008 PMT #9950. Statement Date 10/7/2008 Amount Due $0.0() Amount Amour t Enc. 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O to 4p tn Il W Ill Luwulilmm <L iL m-iZ <i iLn aiQn qnq no on 0 D 0 1� D D ',)0 000 000000OXZ I z I f- 4- Ya I h 1 WA I z ZZOZ z ZZZZZZZZZZZZO)W mt'IWPA< :> LKW Wfxx CYKr-e CL' CC iyft:(r) This Economic Development and Performance Agreement ( "Agreement ") is made and entered into by and between Richard Hollis d.b.a. Subway ( 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: I Z1 *4111 IF111 1. Applicant leases a parcel of real estate located at 107 W. Kennedale Parkway # 200 in the Kennedale Retail Center 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 Subway sandwich shop. 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: CITY means the City of Kennedale, TX IMPROVEMENTS means the improvements set forth in detail in the Grant Applications, which are incorporated fully herein. PROJECT means a new Subway Sandwich Shop PROPERTY means the demised premises described as located at 107 W. Kennedale Parkway #200 in the Kennedale Retail Center, Kennedale, TX 76060 3. Term. This Agreement shall be effective as of the date of execution of all parties. This Agreement will terminate upon expiration of FIVE years 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) Lease, occupy and operate the Project as a Subway Sandwich Shop for FIVE (5) year(s) after the written documentation required by Section 7(b) of the Agreement is received by the Corporation; (3) Employ at lease 7 employees for the term of this Agreement: (4) Make a VISUAL capital investment in the Property in an amount equal to at least Five Thousand Dollars ($5,000.00) by September 1, 2008. (4) Make a FUNCTIONAL capital investment in the Property in an amount equal to at least One Hundred Fifty Thousand Dollars ($150,000.00) by September 1, 2008. (5) OTHER: Obtain all city permits, licenses, and Permanent icate of Occupancy. (b) Applicant agrees to render the Property to the Tarrant County Ap District and remain current on all property taxes for the term of this Agreement. 4*�) -> (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. H: \GRANT INFORMATION & APPLICATIONS \GRANTS - FORMS AND INFO \SUBWAY Performance Agreement - V and F 3-19 - 08.doc 0 Page 2 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 (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 Three Thousand Three Hundred Thirty Three Dollars and Thirty Three Cents. ($3,333.33). (b) Corporation shall participate with Applicant kat 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 Twenty Three Thousand Seven Hundred Twenty Four Dollars ($23,724.00). (c) Corporation shall make reimbursement payment to Applicants thereof within forty five (45) days after a permanent certificate of occupancy is issued by the City of Kennedale for the Improvements, a KEDC on -site inspection to verify Improvements made, and the submission to the Corporation of satisfactory documentation evidencing the paid 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 o the KEDC to use the name "SUBWAY' and representations of the Improvements It Project in promotion of the City of Kennedale and the Corporation. H: \GRANT INFORMATION & APPLICATIONS \GRANTS - FORMS AND INFO \SUBWAY Performance Agreement - V and F 3-19 - 08.doc 0 Page 3 9. Indemnification. 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 requt it( Z ;�� authority to enter into this Agreement. Applicant represents and warrants to Corporation that it will not violate any federal, state or local laws in operating the H: \GRANT INFORMATION & APPLICATIONS \GRANTS - FORMS AND INFO \SUBWAY Performance Agreement - V and F 3-19 - 08.doc 0 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 Assigns. 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. 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: lA ADDRESS: 6320 Highway 287 # 120 20. Interpretation. Kennedale Economic Development Corporation 405 Municipal Drive Kennedale, Texas 76060 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. This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. CP 24. No Joint Venture. Nothing ontained In this Agreement Is Intended b the g g � Y parties to create a p partnership or joint venture between the parties. H: \GRANT INFORMATION & APPLICATIONS \GRANTS - FORMS AND INFO \SUBWAY Performance Agreement - V and F 3-19 - 08.doc + Page 6 11 • o il :Z Da ATTEST: APPLICANT: Richard Hollis dba Subway Da H: \GRANT INFORMATION & APPLICATIONS \GRANTS - FORMS AND INFO \SUBWAY Performance Agreement - V and F 3-19 - 08.doc 0 Page 7 4a� I�y, 2iµ,1,%> s..cP k-TI To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: I -f Subject: Review and consider action to approve policy for staff actions authorizing repairs and improvements to properties owned by the corporation. Originated by: Kathy Turner, Secretary to EDC Summary: President, Robert Mundy requested this item to be placed on the agenda and will be prepared to discuss during the meeting. Recommendation: Disposition by KEDC Board of Directors: Date: 10/21/2008 Agenda Item No: I - 9 Subject: Workshop and discussion of TownCenter Kennedale development concepts, timing, and financing. (' Originated by: Mike Soab, SCLS A J I_ - Summary: The potential development process of TownCenter Kennedale will be discussed by staff and by a commercial real estate developer. Should these discussions include confidential proprietary information including real estate values and the potential leasing, sale, or otherwise transfer of ownership of real property owned by the EDC, the EDC Board will move into Executive Session for that part of the discussion. Workshop Outline • Introduction • Economic Development Tools • Tax Increment Reinvestment Zones • Municipal Management Districts i Municipal Utility Districts e, 'Public Improvement Districts • CN4 ter,380, LGC • Q &A \\ \ \. Introduction • This discussion will provide an overview of various economic development • tools currently available to cities in Texas. All have the following • characteristics in common; 4 Governmental (public) entities subject to `�state/iocal statues • oversight provided by local governing authority • May a gage in partnerships with private sector to finan29 �Lblic projects Economic Development Tools • Tax Increment Reinvestment Zones • Municipal Management Districts • Public Improvement Districts • Municipal Utility Districts 4 Chapter 380, Local Government Code 1 Tax Increment Reinvestment Zone • Purpose e A TIRZ is implemented to help finance public infrastructure development that would not occur "but for" creation of the Zone. • Powers and Duties `te Zone exists to finance public improvements and ,' eijhance infrastructure within a defined area �a7ax increment financing can only be initiated by a city e Counties,, school districts and special districts are eligii6l toorticipate by agreement Tax Increment Reinvestment Zones ® Eligibility Criteria e A city must conclude that one of the following is true of conditions within the Zone: • Area is predominantly open with physical and economic constraints to development • An area's lax base is relatively low o There is significant potential to stimulate new development 'Do.Defective or inadequate sidewalks, utilities or street layout \ gFgutty lot layout in relation to size, adequacy, accessibility or /fax Increment Reinvestment Zone e Concept • City establishes a Zone and its real property Base Value • Private or public investors construct public infrastructure within Zone • Real property values Increase • Increase in real property value (increment) pays for new Infrastructure • Zone expires, taxing jurisdiction retain total tax revenue b3ea fear alht, � r @v?nuerebi(rec 4f ta."ng iurims 4 4 ax Increment Reinvestment Zone • Revenue • Revenue is derived from the increment created by public /private investment • Bonds ® The TIRZ may issue bonds by the city or through other entity • Plan and Finance Plan r. G *hems and delimits proposed use of incremehtal revenues T ax Increment Reinvestment Zone Permitted Uses of Increment ♦ Capital project costs including but not limited to: . P"ng • Drainage • sanitary Sewer • Water • Public Use Facilities • SbeeW & Street Lights • Parking Facilities • Professional services including but not limited to: • Amhft O.W `<) Plarmmg arg;neermg Impaled adminisaaMe cods ax Increment Reinvestment Zone • Administration • Zone Administered by 5 -15 member board of directors • Board appointed by the city • Each additional taxing unit may appoint one member • Members are appointed for two -year terms • Vacancies filled by city (or taxing unit) appointment • Duration ,��, Zone is dissolved when the earlier criteria is met: ®,Termination dale designated in the ordinance jIRZlermination ordinance adopted subsequent to the creation costs, notes, other obligations, bonds and bonds have been paid in full W Municipal Management Districts • Purpose • Created to promote, develop, encourage and maintain employment, commerce, transportation, housing, tourism, recreation, arts, economic development, safety and the public welfare within a defined area, • Eligibility Criteria • Created through State Legislature pursuant to stakeholder petition • Area devoted primarily to commercial development or business ,activity b and Duties: o ( by the municipality in which it is created • M 1 @vy taxes, assessments, or impact fees In accordance with its S�rV�ce P an • and on�Qy p6tition of affected property owners Z . Management Districts • Permitted Services and Projects • District may provide services and improvements related to: • Economic development • Business recruitment • Promotion of health and sanitation • Public safety, traffic control and recreation \• Landscaping, lighting and signs +Streets, walkways and drainage •• Solld waste, water, sewer and power facilities •`P rks, historic areas and works of art • Pai ctng ' iecil(ties and transit systems Municipal Management Districts e Revenue • District may raise revenue through taxes, assessments or impact fees • Assessments must be requested by petition of affected property owners may issue bonds as allowed by its :ruing municipality or county L.�.. `. . Ll / municipal Management Districts • Administration • A board of directors is appointed in creating legislation • New appointments /reappointments administered by board and approved by local governing authority • Directors sever fouroyear, staggered terms Duration "• Municipal management districts exist until dissolved �. * of property owners o- df the board • k4plutlop of the local governing authority Public Improvement District • Enabled by Chapter 372 of the Texas Local Government Code • Assessment based mechanisms whose revenues are derived by per lot assessments or on the basis of square Sffies and Counties pursuant to p*#itions of a majority of the owners of real p>'op6rty in the District How PIDs Can be Used • Assessment revenues can fund a myriad of costs. • Infrastructure improvements underground and on the surface are allowed • Governance is flexible in that they can be m @,paged either by the creating entity, an 'advisory body, both, or by contract with a firin`,tlocal government corporation or 0 5 • Streets • Bridges • Drainage and Detention • Sidewalks • Lighting • Landscaping • Debt service on bonds • Safety and security o Maiketing and promotion and green spaces Pally provided by the tax n o� the District /Municipal Utility Districts Purpose • To finance water, wastewater and drainage facilities to support development Powers and Duties • Munidpal Utility Districts (MUDS) are created by the Texas Commission on Environmental Quality (TCE�) based on petition from landowner's). • MUDS are empowered to cwnstruot, finance and operate water, wastewater and drainage facilities to serve land within their boundaries • MUDs may be created inside or outside the boundaries of a municipality Typical Uses •MUDS are typically used to finance and operate water wastewater and .drainage facilities for residential and commerdal development VAMunicipal Utility Districts • In —City MUDS • In —City MUDS are also subject to the oversight of the city in addition to the TECQ • The city must approve of bond issuances by In — City MUDS • Because the city tax is also levied within the boundaries of an In — City MUD, the bonding capacity of the MUD is often diminished • Administration ,• A MUD Is governed by a 5 member board of directors, initially compromised of land owners (typically granted small parcels by the known as 'Directors Lots "), and thereafter elected `by(he egistered voters of the MUD • Th ' U ilypically employs an attorney, an engineer, a boW'c Uper end a financial advisor to provide professional R • 1 e Authorizes cities to; • Provide for the administration of ED programs • Make loans and grants 0 , Staff Report To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: 11 Subject: Staff Announcements/Reports Originated by: Kathy Turner, Secretary EDC Summary: Board of Directors will receive announcements /reports from the following: a. KEDC Executive Director Announcement /Reports 1. Introduction of Sakura Moten - Dedrick, Director of Finance /Treasurer b. KEDC Director Announcement/Reports 1. Update on TownCenter Projects. 2. Update on upcoming grant prospects. Recommendation: A �n if 2C4 O S o C5 c t C o a °' a a fl•' a a s ® a IL' c 'c C9 a a a r N O O w v d > O M O 0O ® O O O O N c O M co 61> O N. 40 O N 0 C7 00 C co.. 'm M 6 r to N N r ! 44 6 v CD co 00 00 00 O O C O O C O c N U U D D b m t. :O n O 1- O 00 O o0 O 00 ! O co O co O 9 s O t p 0 d_ N N N N 1l N �N N N N m� CD Lo 11 o (_O O N co M M M N c a _ c Em (D. M 0 o O O.. O O N O O > `O M O 609 0 : N v O 0 Co A a 7ME9 fA M fA:;, 6 d c O O O O O O: O 0 O "- O G, O: M M Cl O M d' t0 h O Co EA 4, N 69 M 4 N co O M 69 � Cl) O 69 Erg 3 ° o ti o ° o o' C) cl co 14 cNo M ci M M r..- r N ',:. O O O n N d' C 00 .0 q: O O N O' r' r N, rO (D to N ! N W c N d! 6g 69 H9 r M OD O ! 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N �° '> a) '— 'r C '� M to N N OU t a Y O o UPI o m m a n y ru E o r e ro �aa d' 2 g u ® �O a) rLo f6 a N Q1 O O> v Y LL s6 IMO s n 1 ¢ ° c Uj O c m+ nN c B C Z w c a C c o � 8 moo I � c Q u vS M G �n Y v x l-,✓F d rilN ` 47 L G L O E N Q) N N E' n O Y >� O M E o F39 c Y E ® y 0 i �O U E 0 O i b ,r - ®n• U 4 O e w y � 2 o 00 a ® L L u Qom 3 ;� ® O v ® eiy ®tfl .� ®� c o ,� 0 o o L N N 0tr u> Q uy a ro o 3 N o s r' 4� 4 it > LL y Q)' Q) Pa 1 41 41 G d N :) ra O "d • L " v a —�° E E Q L O a 41 c� An 0 0n ® Awl 41 �.. -� c a � N bA P � 41 x 49°' 4-1 49 a Cd a> o yed v� �0 o�o� c >�'��� Staff Repot To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: III Subject: President /Board Announcements /Reports Originated by: Kathy Turner, Secretary EDC Summary: President Announcement /Reports 1. Agenda posting requirements. 2. Agenda items to be posted for future meetings. 3. Date and meeting time changes for future meetings. Recommendation: Disposition by KEDC Board of Directors: At Operating Revenues Operating Expenditures Operating Income /(Loss) Nonoperating Revenues /(Expenses) Interest Earnings Transfers -In (Transfers -Out) ina f Available Funds Ending Fund Balance BUDGET SEPT 312008 Y -T -D 537,611 84,551 522,218 (1,300,628) (119,552) (915,109) (763,017 ) $ 35,001 $ (392,891) 60,000 2,398 48,455 - - (100,000) (703,017) (32,603) (444,43C) 2,025,635 $ 1,270,632 $ 115811199 nn` KENNELT4LE City of Kennedale FY2006.07 Financial Report EXP 2007 2007 CURR. YR Sep -08 PROJECTED PERSONNEL COSTS ACTUAL Y-T-D PERCENT BUDGET Y -T -D YEAR END SUPPLIES FUND BALANCE CARRY FORWARD: 2 026 635 7,972 2 025 635 R 9,019 11,304 MAINTENANCE - - #DIV /01 SALES TAXES 336,110 323,109 96.13% 372,011 325,864 338,927 INVESTMENT EARNINGS 93,095 93,096 100.00% 60,000 48,466 62,235 FUND 96 INVESTMENT EARNINGS 935 1,067 GRANTS / INCENTIVES 54,358 3,631 5,446 RENTAL INCOME 45,762 111,168 0.00% 165,600 192,723 209,994 OTHER INCOME 1,200,000 - 0.00% - 80,146 _ TRANSFERS IN - - 0.00% 162,606 162,606 TOTAL EDC REVENUES $ 1, $ 418,204 24.55% $ 597,611 $ 570,673 $ 606,603 EXP PERSONNEL COSTS 106,239 104,916 98.76% 107,017 105,419 140,841 SUPPLIES 7,972 7,972 100.00% 13,200 9,019 11,304 MAINTENANCE - - #DIV /01 1,000 30 300 SERVICE 164,029 154,029 100.00% 802,054 535,882 548,907 UTILITIES 1,417 1,417 100.00% 600 935 1,067 GRANTS / INCENTIVES 54,358 64,368 100.00% 190,000 111,168 111,168 TOWNCENTER 5,270 - 0.00% 74,210 41,010 74,210 CAPITAL 1,521,118 80,146 5.27% 112,547 111,647 112,647 TRANSFER OUT 162,606 162,606 - 100,000 100,000 TOTAL EDC EXPENDITURES 1,300628 A_ 2,013,009 ; 585,444 28.00% 1,015,109 1,100,444 REVENUES IN EXCESS OF EXPENSES (703,017) (493,841) ENDING FUND BALANCE: 1,322,618 1,531,794 Staff Report To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: IV. Subject: 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. Recommendation: Disposition by KEDC Board of Directors: Staff Report To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: V. 4 waov G /61 1 /�- Subject: Reconvene into open session and talce action necessary pursuant to executive session. a. Review and consider action to approve Resolution to authorize staff to negotiate the sale, leasing, or otherwise transfer of ownership for the redevelopment of TownCenter Kennedale. Originated by: Mike Soab, SCLS Summary: Recommendation: Disposition by KEDC Board of Directors: Staff Repot To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: IV. Subject: 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. Recommendation: Disposition by KEDC Board of Directors: Staff Report To KEDC Board of Directors Date: October 16, 2008 Agenda Item No: V. Subject: Reconvene into open session and take action necessary pursuant to executive session. a. Review and consider action to approve Resolution to authorize staff to negotiate the sale, leasing, or otherwise transfer of ownership for the redevelopment of Tou)nCenter Kennedale. Originated by: Mike Soab, SCLS Summary: Recommendation: Disposition by KEDC Board of Directors: Date: 10/21/08 Agenda Item No: v -a Subject: Consideration of a Kennedale Economic Development Board Resolution to negotiate in good faith with a potential TownCenter developer, David Johnson. Originated by: Mike Soab, SCLS S::Z� Summary: Consideration of a Resolution between the Kennedale Economic Development Board and David Johnson (potential TownCenter Kennedale developer) to negotiate in good faith for the sale, leasing, or otherwise transfer of ownership for the redevelopment of TownCenter Kennedale. Recommendation: If adopted, suggest that this resolution expire at 11 :59 PM on January 31, 2009. cj 6 6 RESOLUTION A RESOLUTION OF THE BOARD OF DIRECTORS OF THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION ( "EDC ") DECLARING ITS INTENT TO NEGOIATE WITH DAVID JOHNSON FOR THE REDEVELOPMENT OF TOWN - CENTER KENNEDALE; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the EDC has purchased 6.8 +/- acres to develop a TownCenter in Kennedale; and WHEREAS, the EDC has promoted the TownCenter project to numerous commercial shopping center developers; and WHEREAS, David Johnson of Cedar Park, Texas has developed a similar project and desires to redevelop the TownCenter; and WHEREAS, David Johnson and the City Staff desire a feasibility period to determine the viability of his redeveloping the TownCenter. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION THAT: Section 1. The findings set out in the preamble to this resolution are in all things approved and adopted. Section 2. The EDC hereby authorizes the city staff to negotiat with David Johnson for the redevelopment of TownCenter Kennedale for a period not to extend beyond January 31, 2009. Section 3. That the meeting at which this resolution was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. 1 of 2 Section 4. This resolution shall become effective from and after its passage. PASSED AND APPROVED this 21 day of October, 2008. ATTEST: PRESIDENT, ROBERT MUNDAY KATHY TURNER, SECRETARY 2 of 2 RESOLUTION A RESOLUTION OF THE BOARD OF DIRECTORS OF THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION ( "EDC ") DECLARING ITS INTENT TO NEGOIATE WITH DAVID JOHNSON FOR THE REDEVELOPMENT OF TOWN - CENTER KENNEDALE; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the EDC has purchased 6.8 +/- acres to develop a TownCenter in Kennedale; and WHEREAS, the EDC has promoted the TownCenter project to numerous commercial shopping center developers; and WHEREAS, David Johnson of Cedar Park, Texas has developed a similar project and desires to redevelop the TownCenter; and WHEREAS, David Johnson and the City Staff desire a feasibility period to determine the viability of his redeveloping the TownCenter. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION THAT: Section 1. The findings set out in the preamble to this resolution are in all things approved and adopted. Section 2. The EDC hereby authorizes the city staff to negotiat with David Johnson for the redevelopment of TownCenter Kennedale for a period not to extend beyond January 31, 2009. Section 3. 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