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2009_06.02 EDC Agenda PacketNOTICE OF MEETING OF THE KENNEDALE ECONOMIC DEVELOPMENT BOARD OF DIRECTORS KENNEDALE, TEXAS Notice is hereby given that a Special Meeting will be held by the Kennedale Economic Development Corporation Board of Directors on the 2" day of June 2009 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: (SEE ATTACHED AGENDA) Dated this 29 day of May 2009. 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 May 29, 2009 at 3:30 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) 985.2104 five (5) work days prior to the meeting so that appropriate arrangements can be made. Dated this the 29 day of May 2009. Kathy Turn , Secretary to EDC CALL TO ORDER' ° ROLL CALL I. PUBLIC HEARING NOTICE On July 21, 2009 at 7:15 p.m. there will be a Public Hearing of the Economic Development Corporation 4B of the City of Kennedale, Texas, at the City Hall Building, 405 Municipal Drive, Kennedale, Texas, 76060, for the purpose of considering various amendments to the Fiscal Year 2009 -2010 budget, and KEDC projects. There is a sixty (60) day period that begins June 2, 2009; the date of the public notice of the proposed project(s), during which the public may submit a petition with any objections to the project(s). Please contact City Secretary, Kathy Turner, concerning any questions at 817 - 985 -2104. 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 /beautification/landscaping /upgrading of the TownCenter Kennedale area and its adjoining TCK Plaza; 4. The planning, implementation, 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 / Kennedale Parkway Landscape Median and actual projects derived from these plans; 7. The Creation of a Tax Increment Financing District(s) (TIF) and Municipal Management District (MMD) 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. Industrial expansion and recruitment program. Page 1 of 3 f I. PUBLIC HEARING NOTICE CONTINUED 11. 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, and office parks, etc; 12. The 4ttraction and development of DFW Metroplex area commuter transit / light rail / mass transportation services including the development of a Kennedale rail station and related improvements; 13. The purchase / leasing / sale or other means of transfer of real estate land and properties for the accomplishment of the above designated projects; 14. 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 / Municipal Management District (MMD) and mixed -use project(s) development /redevelopment; 15. The implementation of an E -Civis Grant Writing Program; 16. Contractual staff services ( Orasi Development); and 17. 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. The above listed projects will require expenditure of funds collected from the 4B sales tax. If the KEDC Board of Directors recommends approval of the eligible project, the City Council will act on the recommendation at their regularly scheduled meeting on the 10 day of September 2009. II. REGULAR ITEMS a. Review and consider action to approve regular meeting minutes dated April 21, 2009. b. Review and consider action to approve KEDC Financial Reports. c. Review and consider action to approve Revitalization Grant Reimbursement to Lance Crosswhite dba 21S Century Direct for redevelopment of the former Kennedale city hall site with a maximum grant cap up to $32,000.00. d. Review and consider authorizing the Executive Director to engage an architect to prepare preliminary plans for restoration and relocation of the Section House to the TownCenter. e. Discussion with KEDC contract provider, Jack Thompson of Orasi Development relative to future economic development strategies, including projects for 2009 /2010 fiscal year. f. Review and consider authorizing staff contractor and Executive Director to negotiate for industrial expansion incentives for Speed Fab Crete. Page 2 of 3 0 , 1 100W) g. Review and consider action to change date and time of future meetings. III. STAFF ANNOUNCEMENTS/REPORTS a. KEDd Executive Director Announcement/Reports 1. Update on Kennedale TownCenter activities. 2. MMD Bill signed by governor. IV. PRESIDENT /BOARD ANNOUNCEMENTS/REPORTS a. President Announcements/Reports 1. Report agenda items to be posted for future meetings. V. ADJOURNMENT Page 3 of 3 To KEDC Board of Directors Date: May 28, 2009 Agenda Item No: II -a Subject: Review and consider approval of meeting minutes. Originated by : Kathy Turner, KEDC Secretary Summary: A draft copy of the meeting minutes dated April 21, 2009 are attached for your review and consideration. Recommendation: Recommend Approval. Disposition by KEDC Board of Directors: 4�ko k1 295 KENNEDALE ECONOMIC DE-VEINFEENT CORPORATION REGUL P YL 21, 2009 405 MUNICIPAL ICIPAL BLDG. President, Robert Mundy called the meeting to order at 7:15 p.m. Members present: President, Robert Mundy, Vice - President, Beverly Hayes, Board of Directors, Donnie Graham, Doug Parker, Mark Yeary, and Rebecca Mowell. Members absent: Board of Director, Darrell Erwin. Staff present: Bob Hart, Executive Director, Sakura Moten- Dedrick, Treasurer, and Kathy Turner, Secretary. I. REGULAR ITEMS a. Review and consider action to approve regular meeting minutes dated March 17, 2009. Doug Parker moved to approve the regular meeting minutes dated March 17, 2009, second by Mark Yeary. Motion carried (6 -0) b. Review and consider action to approve KEDC Financial Reports. Board of Directors suggested that all future financial reports along with the sales tax report be provided in the packet when delivered, as some members encountered problems receiving reports by email. It was also noted that this practice would provide time for review of the reports prior to the meeting, and if additional information was requested sufficient time would be available to gather the information before for the meeting. Rebecca Mowell moved to approve the KEDC Financial Reports, second by Donnie Graham. Rebecca Mowell, Donnie Graham, Robert Mundy, and Mark Yeary voted aye, while Beverly Hayes and Doug Parker abstained. Motion carried (4 -0 -2) c. Review and consider action to provide Notice of Intent to cancel the leasing component within the management agreement with Quine and Associates for Kennedale TownCenter. Beverly Hayes moved to issue the Notice of Intent to cancel the leasing component within the management agreement with Quine and Associates for Kennedale Town Center, second by Mark Yeary. Motion carried (6 -0) 296 d. Review and consider action to authorize the President to execute an engineering service agreement with Shield Engineering Group, PLLC for engineering work at the Kennedale TownCenter. Donnie Graham moved to authorize engineering service agreement with engineering work at the Kennedale Motion carried (6 -0) President, Robert Mundy to execute an Shield Engineering Group, PLLC for Town Center, second by Doug Parker. e. Review and consider action to authorize payment to Herbert Beasley Land Surveyors, L.P. in the amount of $6,800.00 for topographical surveying of the Kennedale TownCenter, Rebecca Mowell moved to authorize payment to Herbert Beasley Land Surveyor, L.P. in the amount of $6,800.00 for topographical surveying of the Kennedale TownCenter, second by Marl-, Yeary. Motion carried (6 -0) f. Review and consider action to authorize payment to David Johnson for reimbursement of billing from GHA Architecture/Development in the amount of $7,040.15 for facade design of the Surplus Warehouse/Dollar General Building. It was noted that correct amount of invoice was $7,077.49, not $7.040.15 Doug Parker moved to authorize payment to David Johnson for reimbursement of billing from GHA Architecture /Development in the amount of $7,077.49 for facade design of the Surplus Warehouse/Dollar General Building, second by Donnie Graham. Motion carried (6 -0) g. Discussion with KEDC contract provider, Jack Thompson of Orasi Development relative to future economic development strategies. Bob Hart, Executive Director advised the Board that this item would be deferred until the May meeting. h. Review and consider action to change date and time of future meetings. After a brief discussion and no recommendations to move meeting date, President, Robert Mundy advised regular meeting scheduled for May 19, 2009 would stand. II. STAFF ANNOUNCEMENTS/REPORTS a. KEDC Executive Director Announcement/Reports 1. Legislative Update — MMD Bill Bob Hart, Executive Director provided an update on the MMD Bill, which will be reviewed and voted on April 22, 2009 by the Intergovernmental Relations Committee. 297 2. Strategic Plan Activity Bob Hart, Executive Director informed the Board that a recommendation from the Strategic Plan would be for the KEDC to identify two future business park sites. 3. Board Appreciation Dinner Bob Hart, Executive Director reminded the Board of the upcoming Board Appreciation Dinner scheduled for Thursday, April 23, 2009 at Life Fellowship Church. III. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS a. President Announcements/Reports 1. Report agenda items to be posted for future meetings. No agenda items were noted for the upcoming May 19, 2009 meeting. VI. ADJOURNMENT There being no further discussion, President Mundy asked for a motion to adjourn. Beverly Hayes so moved, and Mark Yeary seconded the motion with all members present voting in favor. Motion carried (6 -0). Meeting adjourned at 8:11 p.m. APPROVED: President, Robert Mundy ATTEST: Kathy Turner, Secretary Date: June 2, 2009 Agenda Item No: II -b Subject: DISCUSS AND REVIEW APRIL 2009 EDC FINANCIALS Originated by: Sakura Moten- Dedrick Summary: In an effort to streamline and fiu clarify our monthly financial report, we have incorporated the information below. Please note that these financials run through April 2009. Since we did not meet during the month of March, we have provided the most current statements as if it were our regular June meeting. Budget/Amendment No changes. Year -To -Date ® Sales Tax: Please see attached chart. • Investment Income: Both interest rates and our returns have decreased significantly compared to this same time last year. • Rental Income: Slight increase over this time last year. Director Mundy made reference to a report on the Shopping Center that the Board was used to receiving on a monthly basis. After fiuther research, Staff determined that the previous EDC Director provided this information upon receiving it from Quine & Associates. We have included in this packet a breakdown of this information for the months of Oct — Mar 09 for your review. These reports are mad available mid - month, so April has yet to be included. It will be available in the next few weeks. From this point forward, Staff will include this report, but for the most current month. • Other Income: $481K consists of $354K for TML Roof Insurance Claim Reimbursement and $127K Gas Well Licensing Fee received in Feb 09. • Service: Expenses are trending higher than this same time last year. $3K of audit expenses were paid out earlier this year versus the last, the Administrative Charge is being expensed and transferred to the General Fund on a monthly basis as opposed to waiting until year end, $15K has been expensed for legal services regarding both the MMD & TIFF, and we have made recent payments to Herbert Beasley Land Surveyors, GHA Architecture, TBG Partners Landscape Architects, Shield Engineering, and David Johnson with Cypress Properties for preliminary conceptual work regarding the Town Center. Director Mundy inquired about oversight reporting on the Town Center Plaza. After further research, Staff determined the previous EDC Director provided an Excel spreadsheet which detailed expenses paid on a monthly basis towards this project. In an effort to avoid duplication of effort, particularly with expenses that will result from the upcoming development of the Town Center, Staff is working to rearrange the structure of the current year budget for tracking purposes. Currently, a majority of project expenses are being coded to either Contractual Services, Special Services or Engineering Service line items and this is proving quite a task to decipher per project. This will be made available at next month's meeting ® Town Center: We are lower than this same time last year; however, expenses are trending normally. Last year's $46K included $11K of expenses that were incorrectly applied to this category and was not recoded until June of last year. Estimate ® Staff is currently working on incorporating a year end estimate, along with projected ending fund balance. This will be made available at next month's meeting Operati Reve Operating Hmec Operating Income/(Loss) / ) Nonoperating Revenues/(Expenses) Interest Earnings Transfers- Not Operating Income/ (Loss) A�m'UD' �nnM (as of 1 �H Beginning Fund �~^~'~~ Oct. ^^~ '~� BUDGET April 2009 531�11 RO��M __'_� . ~_/~.~ (372,284) 194,816 $ 407,458 500 - 7 - - ~ - - - 1 94,816 .'_.-^--- KIM A", K- 1 - TOTAL Ell REVENUES $ 592,127 $ 318,567 53.80% $ 582,211 $ 787,209 135.21% PERSONNEL COSTS FY07 -08 FY07 -08 YTD 52.95% FY08 09 FY08 -09 YTD 39.63% SUPPLIES EST ACTUAL A rp iI -08 PERCENT BUDGET April -09 PERCENT MAINTENANCE FUND BALANCE CARRY FORWARD: 1 216 833 - 0.00% SALES TAXES 331,269 178,871 $4.00% 357 181,922 50.96% INVESTMENT EARNINGS 48,455 35,648 73.57% 60,000 7,467 14.93% FUND 95 INVESTMENT EARNINGS - - #DIV /01 104,231 - #DIV /01 RENTAL INCOME 212,403 104,048 48.99% 175,200 116,684 66.60% OTHER INCOME 26,101 35.17% #DIV /01 - 481,136 #DIV /01 TRANSFERS IN 111,309 53.69% #DIV /01 100,000 - #DIV /Ol TOTAL Ell REVENUES $ 592,127 $ 318,567 53.80% $ 582,211 $ 787,209 135.21% PERSONNEL COSTS 110,172 58,334 52.95% 108,109 42,847 39.63% SUPPLIES 9,107 4,354 47.81% 21,600 2,769 12.82% MAINTENANCE 30 - 0.00% 1,000 - 0.00% SERVICE 640,542 168,050 26.24% 527,371 184,621 35.01% UTILITIES 978 763 77.95% 600 220 36.62% GRANTS/ INCENTIVES 104,231 109,134 104.70% 100,001 4,417 4.42% TOWNCENTER 47,770 45,837 95.96% 74,210 26,101 35.17% CAPITAL 112,164 111,547 99.45% 207,316 111,309 53.69% TRANSFER OUT 100,000 100,000 - - TOTAL EDC EXPENDITURES $ 1,124,993 $ 598,018 53.16% 1,040,207 372,284 35.79% REVENUES IN EXCESS OF EXPENSES (457,996) ENDING FUND BALANCE: 757,$37 Y O a N � O O W J W H F W Q \ F0- � It z O 0 00 V W ^L h OW �! 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J O M n CO O CO L O L O Cl) M N OO M- M W h OQNt, C M 'IO 'It LOOM(OMM OSLO CM AC)M Nf COQ r ®�NO'INCl) V'NNMN M N Q ® `° t W0 C Wv�N0mN W Q 'I (Q cq q Cl 0 O V h r vi 0= LO V' N V' 00 (A r 00 M O M-e M M r M N N N r N N N N M N N r Q 0z0 -- W IL 2 g a Lu M U Q O � 0 D w Q o 0 N z LU m � a Q o � o 0 N e e � a 3 :2E Q U Q m o w U- N 0 0 N z Q U w O z U O I ° o ° ° o ° ° ° ° o o o o o 0 0 0 0 0 0 0 dam' © c� © N N LO fo } 64 69- 6 b4 d} (f} L 1 1 • • • • • i w V) O Q J J u O co N Q Q m W U- z Q U w O Z r U O W 0 cl M m a O co O 0 ev u ° o ° o o ° o ° o ° o ° o C 0 0 0 0 0 0 � o M M N N 64 69- Ef} 64 69 64 64 Page KEN 4130/2009 04:36 PM Total 10¢i31 14328 773 6,344 3*o 327 4,731 11 -25 2,585 tzoo 372 taou 3$o 5,550 4,131 2,017 57 3,1.11 110 26,101 ---__-� 26,101 4,584 1 -�-. '88.275 Cash Flow 12 (Cas TmvvnCmnbmrKennwdale~(KEN) Oct 200 ~Mar 2009 Account _-Oct Nov Doc _-_Jan Feb Mar �--____-__- INCOME Rental Income 17.154 18.83$ 16\036 16 16.08$ 16,036 Tax Escrows 1.734 1.810 1.096 1,696 1,690 1,698 unourmnooeoor 134 179 115 115 115 115 CAM Escrows 1.112 1.1e9 1,009 1.009 1.00e 1,009 Lnmpuem oss pRYRUn«urano��_������_�__'���_gg�__ TOTAL INCOME 20 22.028 19,182 18,855 18,855 18.855 EXPENSES General &Adm| PnmpvrtyMunoS 820 881 767 764 754 754 Office Expense 17 Bank charges '25 smumu/Ay-m4M 189 474 490 481 454 496 Sweeping 'CA 315 158 158 300 300 Porter Service- 70 uo 90 mn 32 mo Lanmocm»r - OA 640 320 320 320 amo Fire S NnN nA 150 ,sn Hard Surface R $.550 Asphalt-CAM 4.131 Elec. Supplies ' 64 537 177 1,184 64 M hn supplies ' 57 Roofing Repair 2,025 ann 731 n&m'CAM 4070 ����__ Total General & 4,330 1,*23 2.001 8.462 12,343 2,042 TOTAL EXpaNS 4.330 1,e23 2.001 3.4e2 12.$48 2 msrpRoHTILo ------------------'----------------`----- 16\16$ oo.lol 17\1o1 15.398 6.512 --- /e.813 / \ JooTIVIsNTS Prepaid R t( ^1.584 AIP buyerisell 1,180 Partner's Dial -12,920 -17,327 -35 698_-IS,39� - TOTAL ADJUST -11,762 '18'911 '35,698 45,3*3 '6,512 CASH FLOW 4.40e 1,190 17.181 '20.305 '9.881 10 Page KEN 4130/2009 04:36 PM Total 10¢i31 14328 773 6,344 3*o 327 4,731 11 -25 2,585 tzoo 372 taou 3$o 5,550 4,131 2,017 57 3,1.11 110 26,101 ---__-� 26,101 4,584 1 -�-. '88.275 913%=1 To KEDC Board of Directors Originated by: Kathy Turner Summary: On October 28, 2008, the EDC authorized a grant application to Lance Crosswhite for redevelopment of the former Kennedale City Hall site with a maximum grant cap of up to Thirty Two Thousand Dollars ($32,000.00) based on a twenty" percent (20 %) reimbursement ratio subject to the following conditions listed in the agreement: (1) demo the existing building (2) design and construct the improvements as per applicant's application package and statement made, (3) occupy and operate the project as an office for three (3) years after the written documentation required by Section 7(b) of the Agreement is received by the Corporation, (4) occupy the facility with at least three people and employee at least two (2) additional people during the following year, (5) make a capital investment (including all expenses incurred) in the property in an amount equal to at least One Hundred Fifty Thousand Dollars ($150,000.00) by April 30, 2009, (6) if applicant's company (21" Century Direct) does not occupy the new facility for the stated three (3) years, applicant's obligation to repay the Revitalization Grant extended shall be waived, provided: a. Applicant sells or rents the building to another company or equal economic value to the City or to a City sales tax generator; b. If the building becomes vacant, Applicant makes a good faith effort to sell or lease the building (i.e. putting up a sale or rental sign, hiring a Real Estate company to market the site) or; c. Any obligation for Applicant to repay any grant monies for any reason shall be . reduced by the number of full months the applicant/building meets the above standards in increments of 1/36 per month in compliance. At the end of the third year of compliance, any obligation to repay in null and void. Attached for the board's consideration is a copy of Crosswhite Investments, LLC grant eligible expenses, as well as a copy of the Certificate of Occupancy that has been issued to Crosswhite Investments. Recommendation: Recommend the KEDC authorize reimbursement in an amount not to exceed $32,000.00 to Lance Crosswhite dba 21 Century Director for Revitalization Grant Reimbursement. Disposition by KEDC Board of Directors: ,Jry .. 44 11-1 -T DATE 06/16/08 0 07/31/08 08/01/08 10/12/08 10/27/08 10/n/m, I I 11/07/0R, jl/10/08 11/11/08 i.1/10/08 12/29/08 12/29/08 01/21/09 01/21/09 01/30/09 oa/n/w3' oz 0'.Z/25/09 02f 7-6/66 02/26/09 02/27/09 02/25 ci3/12/09 209 NEW HOPE GROUND UP CONSTRUCTION Items in H) are KEDC grant eligible exp Paid To: Desc iption Rattikin Title & City Kennedale Bert Gonzales Jr. Atty. CPA. Colorado Consulting, LLC 'Inhin SBA Wells Fargo (FEES) 1'.), FT State Farm Insurance TAD Property Taxes (Taxes) 2008 SBA fee/Title/closing ALL (FEES) Rattkin Title Co. (FEES) SBA GUARANTEE (FEES) Tim hvaco coi vp"-OVJ�'� M'-A-k' F'Opiou"He", rnest Money n, T Property Lot 4&5 LLC formed Consulting, Acquisition, Title F(anvo Plan Loan Deposit At- ) General Liability: Builders Risk Tarrant County Tax (4th quarter) Property Clsoing Closing Fees SBA LOAN nr Rxtug; �o Ei�'aw fiat3 re, £M: dcior--; 01" v"" 0 -, . r ' OP. H 1% Amount 1,000.00 46,629.12 1,495.00 1,050.00 '3' Y' 516'�":). 6,000.00 1,160.00 1,203.39 7,421.00 3,076.73 5,888.00 2, .-i 0 10 0 1, -'51 0 i'K Oil 16" Spread Sheet TOTAL $ 270 Dear Bob Hart, In accordance with the EDC Grant Performance Agreement, please find attached paid 'invoices. The Line Items on this spread sheet which are highlighted in : jE -1:) are to indicate an EDC eligible invoice. The invoices are in the same order as they appear on this spread sheet. Please don't hesitate to contact me with any questions. Sincerely, Lance Crosswhite 'J ,'u tall�f i {,. �'�1 i4y d 1 . ` . t<. E i ..! . Y }i:F It r d ( i - ... f ... •<7 1 . � `y3 i r .. .. 0 3 �. t—,�.� �,�..a $�£ {° s t {1 �r..D .� ,., .'. �.• � s_.' ,< E,.e. s? §..... i. .. ! .'�.- .�'. t,`' „ey i.:7 t., .3_-. §. E,t 9 d §d. ",, Sx.$zkd 3 i(.�.; agi2�,.r # Spread Sheet TOTAL $ 270 Dear Bob Hart, In accordance with the EDC Grant Performance Agreement, please find attached paid 'invoices. The Line Items on this spread sheet which are highlighted in : jE -1:) are to indicate an EDC eligible invoice. The invoices are in the same order as they appear on this spread sheet. Please don't hesitate to contact me with any questions. Sincerely, Lance Crosswhite p ._ 6600 BRENTWOOD STAIR RD. # 201 FORT WORTH, TEXAS 76112 PHONE (817) 4 FAX (817) 446-1307 Crosswhifte Investments, Inc. Jame Lance Crosswhite Address 9705 Elm Creekway City fort Worth State TX ZIP 76140 7 12/1/2008 2008-26 Proposed Building 209 N. New Hope Rd. Kennedale, Texas 10127/2008 Retainer Fee (Paid 10-27-08 check #101)1) 12/11/2008 Completion of plans Payment Details Cash 0 Check 0 Credit Card Name Check# 9= $1,200.00 $2,850.00 SubTotal 1 $2,850.00 $2,850.00 ROAD, SUITE 201 FORT WORTH, TEXAS 76112 (817)446-1364 Millers Metal Buildings & Const., Inc. 415 N. Burleson Blvd. Meson, TX 76028 Customer Lance Crosswhite 9705 Elm Creek Way Fort Worth, TX 76140 -8101 Credit Memo F Credit No. COLONIAL KFIVNE 7x 76060 817-478-4-936 FAX 817-56172459 Invoice o. 8114 I-- Cugfomer Name 21st. Century Direct Date 11/7/2008 Address P.O. Sox 737 Order No. City Kennedale State TX ZIP 76060 Rep Attn I Lance Crosswhite FOB Descrintion Unit Price TTAL = [Asbestos Abatement of former Kennedale City Hall I $5,bzS.o z0o,ozo.uu 209 N. New Hope Road, in Kenned PAYMENT DUE WITHIN 3D DAYS OR 1.5% LATE CHARGE PER MONTH I `' - ___ SubTotal 1 $8.525.001 Shipping & Handling Taxes state I COX" Expires Mov 14 09 llsOga PAT INC 8175725360 ,s Temps ( Project INVOICE November 7, 2008 C investments LLC Lance CrowAlte Fax $17-561-4608 209 New Hope Rd, Kennedale, TX saw out asphalt and Mcrete as per bw Gam" ��c� A wl-scy --"Vf VO x -60 T-q3Aq DO I � 'X— f1l"AIVOCHCE WORK PERFORMED A rq� and SpecIficatIMIS All Odevial Wee"" �&gg SPOCIflecl, and thv above wark VOIRS PG-PYWhIled in accomiallGe wfith Me d in - Substandai worlmlaillike sal "hiller for the agread Suni of pwmded Vor the above, work, and was GOMPIOter Dallus is & ❑ pwid ❑ Full invoice ue OVIC - Vayablo by: Year N5�0. Dated in accord2roce WIM 0, uV [1 ❑ PTOPOMI Month Day yeav CONTRACTORS INVORCE 1c 7b Page: I Remit To.- •, COL COLLN M LLE fw 17® Customer: TX 18314596 PAULA K CROSSWHITE 9705 ELM CREEK WAY FORT WORTH, TX 76140 Job Site: PAULA K CROSSWHITE 9705 ELM CREEK WAY FORT WORTH, TX 76140 1r Contract #.. 210517 Contract dt. 11/10/08 Date out.... 11/10/08 10:43 AM Est return.. 11/11/08 10:43 AM Job Loc..... SAME Job No. .... P.O. #...... Ordered By.. PAULA Terms....... Net Due Upon Receipt Qty-- Equipment # -- "� �°�, Min Day Week 4 Week Amount 1 TRENCHER WALK BEHIND 100.00 130.00 420.00 1080.00 5188 Make: DITCHW TCH Model: 1030 Ser #: CMWI030RA0001452 I acknowledge receivi a Safety and Instruction Sheet for the above equipment. Signature :SALES ITEMS: Qty Item number unit 6F r,, asi `all Aewz Price Deposit: 156.21 PAYMENT HISTORY DATE TYPE 11/10/08 VISA rx0, %`� t�lj M VIISTnNmFR SIGNATURE DATE NAME PRINTED DELIVERED BY AMOUNT 1.56.21 Lt ss /Damage Waiver (11 % of gross rental chargeslwill be charged unless customer is a commercial account which elects to provide its own insurance coverage under Paragraph 13 to follow. I lOSSlDamage Waiver is NOT INSURANCE and does not cover upset, overturned, tire or overhead damage or accessory items regardless of fault. ' ustomer must call to release equipment and is responsible for released equipment until it is picked up. 'ustomer is fully responsible for the theft of items rented. i ha ye had the opp rtunity to read he terms and conditions on both sides of this a reeirlent, I have receiv and u derstand th safek , instruck op tYie operation of the equipment am renting. I have received a complete copy o this agreement and agree to tie terms and condiions on bou� sides. (carefully read the terms and conditions on the reverse side of this page) Terms: NET 10 DAYS 099713009455 SILT FENCE <A> 031.00 124.00 SUBTOTAL 124.00 SALES TAX 10.23 TOTAL $134.23 XXXXXXXXXXXX2723 DEBIT 134.23 RUTH CODE 762158 " A/ 1 - Texas D epartment Of S tate ► SerVi Asbestos Notification Program PO Sox 149347 Austin, Texas 787149347 - December 3, 2008 '!° rq L17. � Location: 209 N NEW HOPE RD, KENNEDALE TX 76060 DEARFACILITY OWNER: This is an invoice for payment of an AsbestosMemolition Notification submitted to the Department for the above facility. Pay be received within 60 days of this invoice letter. Credit cannot be given for remittance unless coupon and payment are returnee coupon envelope. Make checkfmoney order payment to: Department of State Health Services. Do not combine fees for other n accounts or programs. Notification Numbers 2008008712 A RU: 15 '( - Amount Due: $464.00 Date Due: 02/0312009 Fee Calculation: $30 / ARU — Minimnrn Fee= $55 or Maximum Fee = $3,210 + 3% + Fractional Dollar For more information on the basis for Asbestos/Demolition Notification fees you may access the Texas Asbestos Health Prott 295.61(j) at htta : //www.dshs. state .txus /asbestos/rulesshtm If you have questions concerning this invoice please call the Environmental Health Notifications Group at (5 12) 834 -6770 or .1 -800- 5.72 -5548 (Texas Only) extension 2764. DETACH AND MAIL WITH THE APPROPRIATE FEE Payment MUST be accompanied by Coupon. Texas Department of State Health Services Notiricatlon 0: 2008008712 Payment MUST be accompanied by Coupon Budge d/RT1s 112/178 RT1317504 Amount. 5464.00 Billed: December 3, 2008 Due: 02/03/2009 Application : 48534 —. LANCE CROSSVVHITE 9705 ELM CRE WAS' FORT WORTH .,76240 ` LO OX - IDS ASBESTOS/ DEMOLITION NO CATION ... . PO BOX 12190 AUSTIN, TILL 78711 ®2190 Please Do Not Write Below This Lime. For Offlee Use On 1 "M f ® sas aO All Pm Due InWms Ate Subjed ToFftow ChaMes i ® � S000 r Lance Due $Z505.00 Ph eg Fax# (917)23&.U (917)239 -1"9 RM9. 415 Ryon Burleson, TX 76028 f817) 295-3941 CUSTOMER HOME NO.: OFFICE NO.: BILL: INVOICE: AUTHORITY: Jt7 DATE DESCRIPTION CHARGES Texas state Board of Plumbing Examiners 829 a 41st St P.O. Box 4200 Austin, TX 78765 (600) or (512) 456.2945 LIMITED WARRANTY: AN Materials, Paris & Equ pment Are Warranted By The Manufacarrees OrSuppiled Writtet ftfranty Orly. Alf Labor Performed By The Above Named Company Is Warmed For 30 Days Or As Otherwise indicated InWfWng TheAbove Named Company Makes NoOdW .Expressed ortmp4ed And It's Agents OrT Are WAuBnoizedTo Make Any Such Warranties On Behalt Of Above Named Company. No Warranty is Offered On Parts Not Supplied By Tim Winnett Plumbing. Authorized SoaNre: Payment due upon completion. Bill To Mark Martines 712 Lynnwood Burleson,Texas 76028 P.O. No. Terms Project 209 New Hope Rd Item Description Est Amt Prior Amt Prior % Qty Rate Curr % Total % Amount Install Install And Furnish 9,300.00 0.6 9,300.00 60.00% 60.00% 5,580.00 Comforhnaker 5 Ton 15.0 Seer Heatpump With 20 KW Heat Horizontal Application This Includes Everything needed to compleat job. lyr -5yr ... Warranty covers I year Labor, 0.00 0.6 0.00 0.00 5 years Parts and 10 years on Compressor. 7 Year No Hassle on Condencer. Regulated by the Department of licensing and Regulations, P.O. Box 12157, Austin, TX 78711 Total $5,580.00 Payments/Credits $0 . 00 Balance Due $5,580.00 r Oxg Ted W E 41st SC P.O. BmQW TX � ( Qr(512)458-2145 4NARt1r1NiY A§ b Au ONy.AiLatror BY' Mmim � �ys OrAs gp�g To mbing. � Payment due upon completion. UAV/ o9cfEt X02 Sh-ady Ovook ct. li I J 3 ' IX 76058 J- 46 Millers Metal Buildings & Const., Inc. 415 N. Burleson Blvd. Burleson, TX 76028 Bill To Lance Crosswhite 9705 Elm Creek Way Fort Worth, TX 76140 -8101 F I P.O. No. - I Terms I Project I Qty I Rate I Curr % I Total % I Amount 15,172.501 100.00% 100.00% 15,772.50 2,250 1.75 Est Amt Prior Amt Prior % M Description x50'xl0' Gable Roof 15,772.50 100.00% 800.00 2,250 tension 100.00% 100.00% 2,475.00 4" Square Tubing Post /2 "x2 1/2" Square Tubing sses 1 1/2 "xl 1/2" Square Tubing Purlins Engineer... Engineered slab 3,937.50 Blue Pri... Blue Prints 800.00 Roof onl... 3" Insulation with fiber strands, 2,475.00 roof only Gable R... 3' overhang on gable end 675.00 Qty I Rate I Curr % I Total % I Amount 15,172.501 100.00% 100.00% 15,772.50 2,250 1.75 100.00% 100.00% 3,937.50 800.00 100.00% 100.00% 800.00 2,250 1.10 100.00% 100.00% 2,475.00 675.001 100,00%1 100.00% J 675.00 We appreciate your business. Total $23,660.00 Payments/Credits $- 23,660.00 Balance $0.00 Millers Metal Buildings & Const., Inc. 415 N. Burleson Blvd. Burleson, TX 76028 Bill To Lance Crosswhite 9705 Elm Creek Way Fort Worth, TX 76140 -8101 P.O. No. I Terms I Project Item Description Est Amt Prior Amt Prior % Qty Rate Curr % Total % Amount Extra 8'x40', 17'6 "x84'; 24x31'9 ", 15,557.40 5,762 2.70 100.00% 100.00% 15,557.40 4'x190',24'6 "x100' flat work Curbs 230 linear feet of Curbs 960.00 320 3.00 100.00% 100.00% 960.00 We appreciate your business, Total $16,517.40 Payments/Credits $- 16,517.40 Balance Due $0.00 i 1 Storefront 18 "1 I 1 Jambs, Deadbolt Closer, Threshold, Clear i ! Installed f I1 ear® Up charge for " Sungate 500 Glass to match existing - Door Panel Sidelight 2-27-2009) 250.00 Balance 3178.14 ( ODUOYSOMW MWAMa 3sYeah! T�7 U, TO: DAL WIYUR Vt.JRQrjK 09EJER Mll OUR BUD MOI , -7 - �. ,„,Y Rpl� a av� 2,ft t"s - abo -, C' wo,"lk aa� 3 v E d s j 'v - r'.tne- ebc)ve- u"ecE- and! was 1;1 lahe @4jveac:� cuc Dolimm iT Tli ts a' ❑ Parder 0 'Ful! hrnjni?-� due mi payelb!e y ny VGar in uvfi.lhi amF EJ Acgreama--ot 0 Hopp .volt Batsid Yea," MMAM PRO �'t:: F �31 T 4�itl' � t - i•L1 Noy j isms- f' r4 _ i Madam mat ON 4 � AIL ell, a d I Lh, 6 o7 flul R Mar go 2oog 1:49PH HP 20 , F. A rapa 1 w Rftd, Ste F R b" r4 1' T wm 7 50 1 1 1 CrosowbitelAVOSAMOSts Lance Crosswbite PO Box 737 K Ix 7 Waing of 209 N New HW Kennel TX 7 P.O_ No. Terms pr°1 Rate AnIOUnt Descdptlon 96500 965.00T 1 Inter Tal Baum CX MA Svritch 250.00 500.00T 2 int Tal ECX Phone 21.00 21.00T I 66 Prmchdown Block with standoff 321.00 32t.00T 24p"tUniprlw Cat 6 PatchPmd withbrackd 0,43 397.00T I 900 Unipriso Cai6, plenum 6504 (bltc an 252.00T 900 uniprift Cat 5e,(whka) 8.42 126.30T i5 U*dse Category 6 Tact; trier( (white) 6.75 101.25T 15 unipriae Category Se tack Insm (white) 4.59 69.70T l5 unip well Plate ISO 37.50T IS IVIPLS CUT IN BOX 9.57 143.55T 15 3 % patch 00rd Cat 6 12.21 103.15T 15 108, pauh cord Cat 6 3.30 99.00T 30 j books 050 15.00T 30 Wirt Hanger 032 9.60T 30 I Hi1ti shot ws*, Sufte �, 0c �4 aetcr% ern 40000 2,70000 40O.00T 2,700.00T I Install - a.abor Waing of 209 N New HW Kennel TX 7 uVo5i vv IF E-i Now C- 4 N , T 21st Century Distributors, Inc. 30 W Owings St 2nd Floor Denison, TX 75020 Bill To - Crosswhite Investments 209 North NOV Hope Kennedate, TX Ship To Crosswhite Investments 209 North New Hope Kennedate, TX P.A. Number �-on rrts 10264,1 0265,10315,10339 re ceipt Quantity Description 9 Coronado Big Box Flats English Rubble Versailles 1 Coronado Big Box Comers English Rubble Versailles i Coronado 24 LNFT Corners English Rubble Versailles 11 PU Fee I Stone Labor 1 6800 Acme Brick Durham Road 1 Brick Labor 1 Sand Ilyards 74 Lehigh Type N White Morter Mix 47 Lath 27 112!'x96' 10 Angle I 20' sticks UUI /4 I Nails L# 69076 3 3/8" Drill BitDW1224 L# 71206 10 Wall Ties L# 17203 4 Wall Ties L# 39756 120 Hex Lag Screws L# 63357 120 Flat Washers L# 63308 1 Freight Via F.O.B_ !BC Ship 3/26/2009 Company Truck Price Each Amount 283.50 2,55I. 553.00 5530 189.60 189.60 8.00 88.00 2,703.75 2,703.75 3.409.09 3,409.09 2,529.00 2,529.00 468.65 468.65 12.00 888.00 6,99 328.53 39.10 391.00 28.90 28.90 3,99 1194 5 $5.80 5.58 22.32 0.14 16.80 0.03 3.60 205.00 205.00 721,301 721.30 I To ta l $15,165.78 LA!I-CaEy CL - 10 - r C YARIC pj z GOwol Bill To Mark Martins 712 Lynnewood Burleson,Texas 76028 R.O. Mo. Terms Project it Description Install Vmaker nd Furnish 5 Ton 15.0 Seer p With 20 KW Heat Horizontal'Application This Includes Everything needed to compleat job. tyr -5yr ... Warranty covers 1 year Labor, 5 years Parts and 10 years on Compressor. 7 Year No Hassle on Condencer. Est Amt Prior Amt Prior % 9,300.00 5,580.00 60.00% 0.00 209 New Hope Rd Qty Rate Cuff % Total % Amount 0.4 9,300.00 40.00% 100.00 3,720.00 Regulated by the Department of licensing and Regulations, P.O. Box 12157, Austin, TX 78711 0:41 0.00' I 1 0.00 Total $3,720.00 p $0.00 Balance Due $3,'720.00 415 Ryon Burleson, 7X 76028 (817) 295-3941 CUSTOMER HOME NO.: OFFICE NO.: BILL: t INVOICE: AUTHORITY. JOB: j AL k e . ��[ DESCRIPTION i 0,I , 1 -- - -- - --_. 1 — - - - - -- .- - - —I - _ — . —_ _- Payment due upon cOmPlet! 21 st Century Distributors, Inc. 630 W Owings St 2nd Floor Denison, TX 75020 Date Invoice # 4/29/2009 10429,10443 Ship To Crosswhite Investments 209 North New Hope Kennedale, TX 76060 P.O. Number Terms Rep Ship Via F.O.B. 10429,10443,10460,10489 Due on receipt BC 4/29/2009 Company Truck Quantity Description Price Each Amount 1 166sgyds 12' x 124' 6" Mohawk Carpet Conqueror 26 722.18 722.18 2 Henry 4 Gallon Carpet Glue L# 45462 45.00 90.00 449.82 42 cartons 449.82sgft 13 x 13 Marazzi Tile Artea Avorio 1.95 877.15 60 4 x 13 Marazzi Listello Stella UD13 5.07 304.20 110 Marazzi 21/4 x 6 1/2 Chair Rail Artea Avorio 2.47 271.70 2 Mastic Ker 909 22.00 44.00 1 Mapei Sanded Grout Biscuit 10.00 10.00 2 Mapei Unsanded Grout Biscuit 12.00 24.00 2 Mapei Thinset Ultrallex 1 10.00 20.00 37.26 3 cartons 37.26sgft 61/2 x 13 Marazd Tile Africa Slate c-Madagascar 2.15 80.11 5 Marazzi Bullnose 3 x 13 Africa Slate c- Madagascar 1.94 9.70 1 Mapei UnSanded Grout 39 Ivory 12.00 12.00 1 3lcartons 637.98sgft Armstrong Laminate Jefferson Redoak Natural 78244 -08C 1,205.78 1,205.78 6 Armstrong Underlayment Premium 100sgft Roll 49.05 294.30 4 Armstrong TMold 6' Stick 21.14 84.56 1 Armstrong Reducer 6' Stick 21.14 21.14 1 4 cartons 82.32sgft Armstrong Laminate Jefferson Redoak Natural 78244 -08C 155.58 155.58 1 Armstrong Underlayment Premium 100sgft Roll 49.05 49.05 1 Labor 2,988.00 2,988.00 1 Freight 40.00 40.00 1 356.03 356.03 Total $7,659.48 =_ 7 71 3 �' tlrr ^ = =' Page 1 of 1 $142.20 Taxes: $11.38 Total: Wee Total Payments: e Balance Due: $0.00 FASTSIGNS -South Arlington 1140 West Bardin Road #100 Arlington, TX 76017 Phone 817.557.1191 Fax. 817.557.1194 Email: fastsigns.199 @fastsigns.com Customer: 21st Century Direct Inca ph: (817) 649 -5500 Contact: Lance Crosswhite Customer: 8752 fax: (817) Description: MONUMENT MDO SIGN Sales Person: Shae Cecil cell: (817) 371 -5887 Clerk:. Shae Cecil Email: lance @21cdi.com Product ty Sides H x lJnit Coet Item Total 1 - -v MDO 1 2 24 x 43.5 $142.20 $142.20 Color: Black on Solvent 5783 Description: 1/2" MDO. Outdoor Grade Sign Board with Printed Graphic Applied to surface Text: 21st Century Direct Corporate Office 209 N. New Hope r Payments Received (thank you) Date Amount Payment Method Tracking Number 419/2009 4:41 :58PM $76.79 Visa * *** * * * ***** ** *6750 4/6/2009 10:40:51AM $76.79 Visa * *** * * * * * ***** *0393 Total Payments: $153.58 Other Payments: Shipping Notes: Form of Payment / Amount I Initials Notes: Thank you for your order. We appreciate your business. Ordered: 4/612009 10:39:56AM Due: 418/2009 4:30:001 Printed: 4/9/2009 4:42:04PM Line Item Total: $142.20 Subtotal: $142.20 Taxes: $11.38 Total: $153.58 Total Payments: $153.58 Balance Due: $0.00 21st Century Dir -• Box 737 Kenn edale , TX 760 Received /,Accepted By: SYSTENFASTSIGNS_CRYSTAL Invoice -L C _.. To be used as a Professional Office and has been inspected and iound to comply with the provisions of the Kennedale Zoning Ordinance and Building Codes as pertaining •• hereby approve • issue this Certificate of Occupancy. • ., _ • TI I A , Address: 209 NORTH NEW HOPE ROAD KENNEDALE, 05/01/2009 Date Issued 05/01/2009 Date Issued 707- 1 _ - � 11• am ount Subject: Consider authorizing the executive director to engage an architect to prepare plans 'ror restoration of the section house, including an architectural rendering and budget in an • to exceed $10 for use in fundraising effo Summary: The City recently purchased the historical "section house" to be used as an anchor in the T'ownCenter. The city recently applied for and received a grant from Union Pacific Railroad Foundation for $4,000 to be used toward the restoration plans, architectural rendering, and development of a restoration budget. Total estimated cost for such work is $14,000 to 16,000. Consequently, staff is requesting the Board consider authorizing the allocation of up to $10,000 to complete the work. With the additional $10,000 from EDC, the city can begin the restoration process which includes the commission of renovation plans, a budget and architectural renderings. In addition, the city is currently cultivating other donors, including Chesapeake Energy and anticipates receiving other individual and corporate donations as the project progresses.. Attachments: Grant award letter from Union Pacific R ecommendation: City Staff recommends approval. r I , February 1, 2009 Ms. Cindy Henry Assistant to the City Manager /Director of Human Resource Kennedale Texas 405 Municipal Drive Kennedale, TX 76060 Dear Ms. Henry: I am very pleased to formally advise you that the Union Pacific Foundation Board has approved a grant in the amount of $4,000.00 to Kennedale Texas for 2009, to support the renovation project. A representative from Union Pacific will contact you during the month of April to arrange for delivery of the check. Union Pacific has a long- standing commitment to improve the quality of life in the communities we serve and where our employees live and work. Our vision is that Union Pacific employees will take pride in their company's civic leadership and that our customers and shareholders will appreciate and recognize Union Pacific as an excellent corporate citizen. We are proud to support Kennedale Texas and extend our best wishes for continued success. Sincerely, 1;x Robert W. Turner President cc: Clint Schelbitzski �. �- - -� .� Date: May 29, 2009 Agenda Item o: II -e. Subject: Discussion with KEDC contract provider, Jack Thompson of Orasi Development relative to future economic development strategies, including projects for 2009/2010 fiscal year. Originated by: Kathy Turner, City Secretary Staff Report To the Econom D eve l opment Boar � Subject: Review and consider authorizing staff contractor and Executive Director to negotiate for industrial expansion incentives for Speed Fab-Crete. S Speed Fab -Crete has recently approached the City /EDC about possible incentives for the expansion of their business along Kennedale Parkway. Speed Fab -Crete has indicated their desire to acquire the property located at 1000 E. Kennedale Parkway (5 acres) in order to construct a manufacturing facility for hollow concrete for use in building construction. The process and product are considered a green technology. Staff met with Speed Fab -Crete on Thursday with general discussions focused on the EDC acquiring the 5 -acre tract and leasing it to Speed Fab -Crete over a 20 -year period with an option to purchase. Further, we discussed a sales tax sharing agree ent between them and the City (for the 1 % portion of sales tax only). This incentive does t things for them: 1) it preserves cash for the construction of the facility (estimated at $1.2 million) and early working capital, and 2) it generates savings and additional revenue in the early start-up process. It will create approximately 6 to 30 jobs, depending upon demand. p '? , " / '/' -, Disposition by Board: - <D6 WT 44-Vo Page 1 of 2 Kathy Turner From: Sakura Dedrick Sent: Tuesday, June 09, 2009 3:25 PM To: Kathy Turner Subject: FW: EDC Debt Issue Kathy, The email below from our Financial Advisor is all that I have but it doesn't look like what was in the packet. Thanks, Sakura Sakura Moten- Dedrick Finance Director City Of Kennedale 405 Municipal Drive Kennedale, TX 76060 (817) 985 -2110 Work (817) 483 -0720 Fax From: Ryan B. Cunningham [mailto:rcunningham @swst.com] Sent: Thursday, May 28, 2009 5:11 PM To: Bob Hart Cc: Mark McLiney; Sakura Dedrick Subject: EDC Debt Issue Bob, Per our conversation, attached are two debt schedules for the proposed taxable EDC supported financing of $425,000. 1 ran the debt schedules assuming all costs of issuance would be $25,000 to keep the numbers round. We would hope that it could done for less. I ran the 15 year schedule at 7.25% and the 20 year schedule at 7.50 %. We would expect rates to come in better than this, but the taxable market is all over the place right now and we want to try to estimate on the high side. As for quantifying the interest rate premium if there was a 3 year call, 5 year call, or 10 year call, looking at what has been selling in the market recently, there really isn't a benchmark to derive a ballpark estimate with any accuracy. We would hope that we would find a buyer for the Bonds and do a private placement just like was done with the Taxable EDC Bonds, Series 2007 that were sold to Bank of America. A private placement would allow the EDC to have more flexibility in determining the terms of an early payoff. The option to pay off the Bonds after 3 or 5 years could result in either a higher interest rate or a premium being paid to the purchaser at the time of the early payoff. This is all market driven, The good news is that more purchasers are coming back into the private placement market but it is still much more difficult to find buyers than it was at this time last year. Please review and call if you would like to discuss this or I may provide any more debt schedules for you. Best, Ryan B. Cunningham Southwest Securities 4040 Broadway, Suite 220 6/9/2009 Page 2 of 2 San Antonio, TX 78209 Member: NYSE, FINRA, SIPC ( Phone: (210) 226 -8677 TX Watts: (800) 292 -0237 Fax: (210) 226 -8299 e -mail: rcunningham@a7swst.com Confidentiality Notice: This electronic mail message contains information that is intended only for use by the above named recipient. If you are not the above named recipient and you have received this e -mail in error, you should not review the text of this message or otherwise disseminate, distribute or copy this e -mail. Please immediately notify us of the error via a reply to this e -mail and then permanently delete this message from your system. E -mail cannot be g u a r a n t e e d to be secure or without error. SWS Group, Inc. and its affiliates employ e -mail monitoring software for the review of incoming and outgoing messages. 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ER 6/9/2009 BOND DEBT SERVICE City of Kennedale, Texas EDC Supported Taxable Issue, Series 2009 (15 Year) Dated Date 11/01/2009 Delivery Date 11/01/2009 Period Ending Principal Coupon Interest Debt Service Annual Debt Service 05/01/2010 30,000 7.250% 16,312.50 46,312.50 09/30/2010 46,312.50 11/01/2010 15,225.00 15,225.00 05/01/2011 20,000 7.250% 15,225.00 35,225.00 09/30/2011 50,450.00 11/01/2011 14,500.00 14,500.00 05/01/2012 20,000 7.250% 14,500.00 34,500.00 09/30/2012 49,000.00 11/01/2012 13,775.00 13,775.00 05/01/2013 20,000 7.250% 13,775.00 33,775.00 09/30/2013 47,550.00 11/01/2013 13,050.00 13,050.00 05/01/2014 25,000 7.250% 13,050.00 38,050.00 09/30/2014 51,100.00 11/01/2014 12,143.75 12,143.75 05/01/2015 25,000 7.250% 12,143.75 37,143.75 09/30/2015 49,287.50 1 1/01/2015 11,237.50 11,237.50 05/01/2016 25,000 7.250% 11,237.50 36,237.50 09/30/2016 47,475.00 11/01/2016 10,331.25 10,331.25 05/01/2017 30,000 7.250% 10,331.25 40,331.25 09/30/2017 50,662.50 11/01/2017 9,243.75 9,243.75 05/01/2018 30,000 7.250% 9,243.75 39,243.75 09/30/2018 48,487.50 11/01/2018 8,156.25 8,156.25 05/01/2019 30,000 7.250% 8,156.25 38,156.25 09/30/2019 46,312.50 11/01/2019 7,068.75 7,068.75 05/01/2020 35,000 7.250% 7,068.75 42,068.75 09/30/2020 49,137.50 11/01/2020 5,800.00 5,800.00 05/01/2021 35,000 7.250% 5,800.00 40,800.00 09/30/2021 46,600.00 11/01/2021 4,531.25 4,531.25 05/01/2022 40,000 7.250% 4,531.25 44,531.25 09/30/2022 49,062.50 11/01/2022 3,081.25 3,081.25 05/01/2023 40,000 7.250% 3,081.25 43,081.25 09/30/2023 46,162.50 11/01/2023 1,631.25 1,631.25 05/01/2024 45,000 7.250% 1,631.25 46,631.25 09/30/2024 48,262.50 450,000 275,862.50 725,862.50 725,862.50 May 28, 2009 4:49 pm Prepared by Southwest Securities Page 1 BOND DEBT SERVICE City of Kennedale, Texas EDC Supported Taxable Issue, Series 2009 (20 Year) Dated Date 11/01/2009 Delivery Date 11/01/2009 Annual Period Debt Ending Principal Coupon Interest Debt Service Service 05/01/2010 20,000 7.500% 16,875.00 36,875.00 09/30/2010 36,875 11/01/2010 16,125.00 16,125.00 05/01/2011 10,000 7.500% 16,125.00 26,125.00 09/30/2011 42,250 11/01/2011 15,750.00 15,750.00 05/01/2012 10,000 7.500% 15,750.00 25,750.00 09/30/2012 41,500 11/01/2012 15,375.00 15,375.00 05/01/2013 15,000 7.500% 15,375.00 30,375.00 09/30/2013 45,750 1 1/01/2013 14,812.50 14,812.50 05/01/2014 15,000 7.500% 14,812.50 29,812.50 09/30/2014 44,625 11/01/2014 14,250.00 14,250.00 05/01/2015 15,000 7.500% 14,250.00 29,250.00 09/30/2015 43,500 11/01/2015 13,687.50 13,687.50 05/01/2016 15,000 7.500% 13,687.50 28,687.50 09/30/2016 42,375 11/01/2016 13,125.00 13,125.00 05/01/2017 15,000 7.500% 13,125.00 28,125.00 09/30/2017 41,250 11/01/2017 12,562.50 12,562.50 05/01/2018 20,000 7.500% 12,562.50 32,562.50 09/30/2018 45,125 11/01/2018 11,812.50 11,812.50 05/01/2019 20,000 7.500% 11,812.50 31,812.50 09/30/2019 43,625 11/01/2019 11,062.50 11,062.50 05/01/2020 20,000 7.500% 11,062.50 31,062.50 09/30/2020 42,125 11/01/2020 10,312.50 10,312.50 05/01/2021 25,000 7.500% 10,312.50 35,312.50 09/30/2021 45,625 11/01/2021 9,375.00 9,375.00 05/01/2022 25,000 7.500% 9,375.00 34,375.00 09/30/2022 43,750 11/01/2022 8,437.50 8,437.50 05/01/2023 25,000 7.500% 8,437.50 33,437.50 09/30/2023 41,875 11/01/2023 7,500.00 7,500.00 05/01/2024 30,000 7.500% 7,500.00 37,500.00 09/30/2024 45,000 11/01/2024 6,375.00 6,375.00 05/01/2025 30,000 7.500% 6,375.00 36,375.00 09/30/2025 42,750 11/01/2025 5,250.00 5,250.00 05/01/2026 30,000 7.500% 5,250.00 35,250.00 09/30/2026 40,500 May 28, 2009 4:40 pm Prepared by Southwest Securities Page 1 BOND DEBT SERVICE City of Kennedale, Texas EDC Supported Taxable Issue, Series 2009 (20 Year) Period Ending Principal Coupon Interest Debt Service Annual Debt Service 11/01/2026 4,125.00 4,125.00 05/01/2027 35,000 7.500% 4,125.00 39,125.00 09/30/2027 43,250 11/01/2027 2,812.50 2,812.50 05/01/2028 35,000 7.500% 2,812.50 37,812.50 09/30/2028 40,625 11/01/2028 1,500.00 1,500.00 05/01/2029 40,000 7.500% 1,500.00 41,500.00 09/30/2029 43,000 450,000 405,375.00 855,375.00 855,375 I May 28, 2009 4:40 pm Prepared by Southwest Securities Page 2 <� � � \ � \= � � � - ���mA. \� � � � � � \, \ � � � � � � \ >� \ ^ \ / \� /� � v - � � «� � y� .,y � .. .� . .z� � m .. >.� ..« -� :.. � / /�� �/ \ - � %� ��» >. - - � \� . � %�� -\\ - " � % � ?� � � � � � � / � ^ ^ � � � � y y ��: »y. ��� \.... ��d. f E 1 0 _.3.' i .J w \z d ¥ « \§ iPj � � \ I }f� � /) \\ i, � w2 im- li �i /; i IrW 1 1 ; Date: May 29, 2009 Subject: Review and consider action to change date and time of future meeting, if needed. Originated by: Kathy Turner, Secretary Summary: Discussion will take place to see if there is a need to schedule any upcoming workshops and /or special meetings, as well as discuss the m Q regular meeting date to see if there is a need to reschedule. Date: May 28, 2009 Agenda Item o: III. 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 1. Update on Kennedale TownCenter activities 2. MNID Bill signed by governor. i11:46163 11 - 11:1 •. • _.. , .. 11 lit 1 il 17M Date: May 28, 2009 Subject: President Announcements /Reports Originated by: Kathy Turner, KEDC Secretary Summary: President Announcements/Reports 1. Report agenda items to be posted for future meetings. Recommendation: Disposition by KEDC Board of Directors: