2009_07.21 EDC Agenda PacketCITY OF KENNEDALE, TEXAS
OFFICE OF THE CITY SECRETARY
KEDC ROLL CALL
DATE: JULY 21, 2009
START TIME: 7 i t / 'T PM
END TIME: PM
ROLL CALL:
CITY STAFF PRESENT:
PRESENT
ABSENT
PRESIDENT
ROBERT MUNDY - P4
VICE PRESIDENT
BEVERLY HAYES - P3
BOARD OF DIRECTOR
DARRELL ERWIN - PI
BOARD OF DIRECTOR
DOU RG PARKER - P2
BOARD OF DIRECTOR
DONNIE GRAHAM - P5
BOARD OF DIRECTOR
MARK YEARY - P6
BOARD OF DIRECTOR
REBECCA MOWELL - P 7
CITY STAFF PRESENT:
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PRESENT
ABSENT
CITY MANAGER
BOB HART
CITY SECRETARY
KATHY TURNER
SAKURA M. DEDRICK
DIR. OF FINANCE
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NOTICE OF MEETING OF THE
=,,•'
KENNEDALE ECONOMIC DEVELOPMENT OPTORS
BOARD OF DIRU-%O
It K ENNEDALE, TEXAS
Notice is hereby given that a Special Meeting on the will be da by Kenneda f July 2009 at P.M., in
Development Corporation Board of Dounc�lsChambers located at 405 Municipal Drive,
the Kennedale Municipal Building
Kennedale, Texas, at which time the following subjects will be discussed to wit:
Dated this 17 day of July 2009.
By: Robert P Mundt/President
I, the undersigned authority, do hereby certify that the above Notice of Meeting of
the Economic Development Corporation Board of Directors N Is a Noti on the bulletin boa d
said Notice and that I posted a true and correct copy of s aid
of Cit Hall of said City in Kennedale,
Texas, a place convenient and readily accessible to
the g eneral public at all times, and said Notice was post ast 72 hours 200 at 4:00
the
o'clock P.M., and remained so posted continuously or at
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 P� u de fined at(gl7) 95.2 04
impaired, readers, large print, are requested to co ro c liate arrangements can be made.
five (5) work days prior to the meeting so that app p '
.... p le this the 17
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day of July 2009.
By:
Kathy Turner, City Secretary
i M
A. Review and consider action to approve regular meeting minutes dated June 2,
2009.
B. Review and consider action to approve KEDC Financial Reports.
C. Discuss photo survey results and recommendations.
D. Review and consider marketing material, website, brochure, and map.
E. Public Hearing, Review and Consider action to forward a recommendation to the
City Council to approve proposed 2009 -2010 fiscal year budget and proposed
KEDC projects.
1. Staff presentation
2. Public Hearing - To receive citizen's comments on the proposed KEDC 2009-
20 10 fiscal year budget, and projects.
a. Project Planning, Construction, Development, and on -going day -to -day
actual projects derived from these plans;
b. The Creation of a Tax Increment Financing District(s) (TIF) and
Municipal Management District ( ) including Consultation,
Planning, Legal, and Engineering Services;
c. The Creation of a Tax Increment Financing District(s) (TIF) and
Municipal Management District ( ) including Consultation,
Planning, Legal, and Engineering Services;
d. The continuation of the existing Revitalization Grant Program and
funding;
e. Industrial expansion and recruitment program.
Page 1 of 3
f. 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;
g. „ 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;
h. The purchase / leasing / sale or other means of transfer of real estate
land and properties for the accomplishment of the above designated
projects;
i. 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;
j. The implementation of an E -Civis Grant Writing Program;
k. Contractual staff services (Orasi Development); and
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.
3. Staff summary
4. - Action on 2009 -2010 fiscal year budget and proposed KEDC projects.
F. Discussion of strategies to work with the Chamber of Commerce.
G. Review and consider action to cancel representation agreement with Mark A. Howe
dba Howe /Wood & Company and /or its assigns and /or its affiliates (HW &C), and
to provide 30 day written termination notice.
H. Review and consider action to cancel management contract with Quine &
Association, Inc., and to provide 30 day written termination notice.
Review and consider action to change date and time of future meetings.
Page 2 of 3
I IV. STAFF ANNOUNCEMENTS/REPORIN
A. KEDC Executive Director Announcement /Reports
1. Update on Kennedale TownCenter activities, including P&Z action and the
2.0.0.9 NCTCOG Sustainability Grant Program
2. CGI Communications video project
3. MMD Bill start-up
4. Orasi Development report
V. PRESIDENT/BO ANNOUNCEMENTS/REPORTS
A. President Announcements/Reports
1. Report agenda items to be posted for future meetings.
Page 3 of 3
Date: July 13, 2009
Subject: Review and consider approval of meeting minutes.
Originated by: Kathy Turner, KEDC Secretary
Summary: A draft copy of the meeting minutes dated June 2, 2009 are attached for your
review and consideration.
Recommendation: Recommend Approval.
298
L; 1. t• 1 1 1
BOARD •
(=
405 MUNICIPAL
dE 2, 2009
MUNICIPAL BLDG.
President, Robert Mundy called the meeting to order at 7:16 p.m.
Members present: President, Robert Mundy, Vice - President, Beverly Hayes, Board of Directors, Donnie
Graham, Doug Parker, Rebecca Mowell, and Darrell Erwin.
Members absent: Board of Director, Mark Yeary.
Staff present: Bob Hart, Executive Director, Sakura Moten - Dedrick, Treasurer, and Jack Thompson, with
Orasi Development and KEDC contract provider.
1. PUBLIC HEARING NOTICE
President, Robert Mundy read public hearing notice announcing that on July 21, 2009 at 7:15 p.m,
a Public Hearing of the Economic Development Corporation 4B would be held in 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. Mundy said a sixty (60)
day period beginning June 2, 2009; the date of the public notice of the proposed project(s), 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.
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;
M e
g. 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.
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 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;
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 -Civic 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.
In closing, Mundy said the above listed projects would require an expenditure of funds collected
from the 4B sales tax. If the KEDC Board of Directors recommended approval of the eligible
projects, the City Council would act on the recommendation at their regularly scheduled meeting
on the I O day of September 2009.
II. REGULAR ITEMS
a. Review and consider action to approve regular meeting minutes dated April 21,
2009.
Doug Parker moved to approve the regular meeting minutes dated April 21, 2009
as submitted, second by Rebecca Mowell. Motion carried (6 -0).
b. Review and consider action to approve KEDC Financial Reports.
Sakura Moten - Dedrick, Treasurer reviewed the Economic Development Fund
Income Statement, revenues, and expenses as of April 2009, as well as the sales
tax history.
No action was required on this item.
300
c. Review and consider action to approve Revitalization Grant Reimbursement to
Lance Crosswhite dba 21" Century Direct for redevelopment of the former
Kennedale city hall site with a maximum grant cap up to $32,000.00.
Darrell Erwin and Rebecca Mowell recused themselves to comply with the
Conflict Disclosure Act.
Doug Parker moved to approve Revitalization Grant Reimbursement to Lance
Crosswhite dba 20 Century Direct for redevelopment of the former Kennedale
city hall site with a maximum grant cap of $32,000.00. Motion second by
Donnie Graham. Motion carried with Doug Parker, Donnie Graham, Beverly
Hayes, and Robert Mundy voting aye. (4 -0).
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.
Beverly Hayes moved to authorize the Executive Director to engage an architect
to prepare preliminary plans for restoration of the Section House including
architect rendering in a budgeted amount not to exceed Ten Thousand Dollars
($10,000.00) for use in fund raising efforts, second by Darrell Erwin.
Doug Parker expressed concerns with requested money amount to be used as a
cushion for more. Bob Hart, Executive Director replied that he was confident
that the project could be completed with Fourteen Thousand Dollars
($14,000.00), and it was easier for him to work with a limit. Hart implied that if
there was a problem, he would come back before the board.
Motion carried (6 -0).
e. Discussion with KEDC contract provider, Jack Thompson of Orasi Development
relative to future economic development strategies, including projects for
2009/2010 fiscal year.
Jack Thompson, President of Orasi Development and KEDC contract provider
introduced his staff members, Michael Henig, Director of Research and Strategic
Development, and Liz Heck, Marketing and PR Director, and said that the two
may attend meetings on his behalf.
Thompson requested that the Board participates in a visual survey by taking
pictures of likes /dislikes as this would assist him with the strategic planning for
the City, as well as provide a good understanding of the board's view of the City.
Thompson would then develop the pictures and provide feedback to the board.
Next, without getting too much into the strategic development, Thompson
highlighted some important projects he felt the board should be considering in
the future. Those projects included a pedestrian crossing for the TownCenter to
link both sides of the City, transit orient opportunities, and connecting hard
corners of the city to ease thoroughfare traffic.
301
f. Review and consider authorizing staff contractor and Executive Director to
negotiate for industrial expansion incentives for Speed Fab Crete.
Jack Thompson, President of Orasi Development, and KEDC contract provider
addressed the board in regards to Speed Fab Crete's possible expansion of their
business along Kennedale Parkway. Speed Fab Crete has indicated a desire to
acquire the property located at 1000 E. Kennedale Parkway in order to construct
a manufacturing facility for hollow concrete for use in building construction.
Thompson said staff met with Speed Fab Crete representatives and the general
discussion focussed on the EDC acquiring the 5 -acre tract and leasing it back to
Speed Fab Crete over a 15 to 20 -year period with an option to purchase. Total
investment is estimated at 1.2 million with approximately 6 to 30 jobs being
created.
Also, discussions included a sales tax sharing agreement between Speed Fab
Crete and the City, which would require Council authorization.
Thompson indicated that tonight's discussion was an introduction and to provide
a preliminary overview of what actions have been discussed.
Darrell Erwin moved to authorize staff contractor and Executive Director to
negotiate for industrial expansion incentives for Speed Fab Crete, second by
Donnie Graham.
A brief discussion ensued on the time to create additional jobs, and it was noted
that January 2010 was the anticipated date for production.
Motion carried (6 -0).
g. Review and consider action to change date and time of future meetings.
It was noted that the June 16 meeting would not commence, and that the July
21, 2009 regular meeting would take place as scheduled.
III. STAFF ANNOUNCEMENTS/REPORTS
KEDC Executive Director Announcement/Reports
1. Update on Kennedale TownCenter activities.
Bob Hart, KEDC Executive Director reported on the following activities:
1. Bowman Springs Road project is moving forward as right -of -way has been
purchased;
2. Proceeding with Little School Road and Sublett with expectations of
purchasing right -of -way towards the end of June;
3. Continuing to work with QuickTrip as zoning application had been
submitted for review;
302
4. City has received notification that waste water ground application had been
approved to expand the waste water service in the Oakcrest area; and
5. Development agreement with David Johnson and plans are scheduled to
move forward in regards to the Planned Development District, which will
be presented before the EDC in July with a recommendation to deed
restrict the land to make the development agreement work more smoothly.
2. MMD Bill signed by governor.
Bob Hart, Executive Director stated the governor had signed the bill, and a
request had been made for a signing ceremony.
a. President Announcements/Reports
1. Report agenda items to be posted for future meetings.
No reported items noted.
V. ADJOURNMENT
There being no further discussion, President Mundy asked for a motion to adjourn. A motion was
made and seconded with all members present voting in favor. Motion carried (6 -0) and the
meeting adjourned by President Mundy 10:22 p.m.
APPROVED:
President, Robert Mundy
ATTEST:
Kathy Turner, Secretary
ate: Jul 21, 2009 C W 11U
Y
Agenda Item No:< l
Budget/Amendment
We did not have any budget amendments during the month of May. However, given the notation made
below from May's Staff Report, we have made several recodes to expenses during the months of June
and July. Unfortunately, the Board will not see these changes until our Aug meeting. The month of
May had already closed out, thus, the re-categorization of budgeted amounts and expenditures have
been posted to June. In addition to seeing these changes in next month's financials, the Board can view
them in the FY09 ®10 Proposed Budget that will be discussed at this month's meeting. Because there
were numerous updates/re-categorizing of current budget/expense line items, Staff will address these at
this month's meeting to avoid any confusion.
® 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
Year-To-
@ Sales Tax: Please see attache-4. char4
Estimate
Staff has made the items below available in the FY09 ®10 Proposed Budget.
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.
BUDGET
532,211 30,890
Not Operating Income/ (Loss) (457,996)
Beginning Fund Balance (as of Oct. I st)
Y-T-D
807,814
x0mi
41, 889 425
a K
City of Kennedale
TOTAL, E ®C REVENUES $ 592,127 $ 360,816 60.940/a $ 582,211 $ 815,813 140.12%
PERSONNEL COSTS
FY07 -08
FY07 -08 YT®
61.61%
FY08 -09
FY08-09 YT®
39.63%
SUPPLIES
EST ACTUAL
May-08
PERCENT
BUDGET
may- -0 - 9
PERCENT
MAINTENANCE
FUND BALANCE CARRY FORWARD: 1 215 833
-
0.00%
SALES TAXES
331,269
201,034
60.69%
357,011
209,994
58.82%
INVESTMENT EARNINGS
48,455
38,463
79.38%
50,000
7,999
16.00%
FUND 95 INVESTMENT EARNINGS
-
-
0.00%
-
-
0.00%
RENTAL INCOME
212,403
121,319
57.12%
175,200
116,084
66.60%
OTHER INCOME
-
-
0.00%
-
481,136
0.00%
TRANSFERS IN
-
-
0.00%
100,000
-
0.00%
TOTAL, E ®C REVENUES $ 592,127 $ 360,816 60.940/a $ 582,211 $ 815,813 140.12%
PERSONNEL COSTS
110,172
67,881
61.61%
108,109
42,847
39.63%
SUPPLIES
9,107
5,580
61.27%
21,600
3 1 156
14.61%
MAINTENANCE
30
-
0.00%
1,000
-
0.00%
SERVICE
640,542
208,760
32.69%
527,371
202,728
38.44%
UTILITIES
978
806
82.34%
600
220
36.62%
GRANTS/ INCENTIVES
104,231
109,134
104.70%
100,001
4,417
4.42%
TOWNCENTER
47,770
48,269
101.04%
74,210
26,101
36.17%
CAPITAL
112,164
111,647
99.46%
207,316
111,309
63.69%
TRANSFER OUT
100,000
100,000
-
-
TOTAL E ®C EXPENDITURES $
1,124,993
$ 651,975
67.96%
1,040,207
390,779
357%
REVENUES IN EXCESS OF
EXPENSES
(457,996)
ENDING FUND BALANCE: 757,837
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Page I
KEN
71`17/2009
02:34 PM
Total
132,156
13,720
1,003
8,361
365
327
165,932
6,237
20
-26
3,570
1,830
435
2,560
450
5,550
4,131
2,157
57
3,111
110
30,211
30,211
125,721
-1,584
1,159
-121384
-121,809
3,913
Cash Flow 12 (Cash)
Town Center Kennedale
- (KEN)
Oct 2008 -Pay 2009
Account
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
INCOME
Rental Income
17,154
18,836
16,036
16,036
16,036
16,036
15,990
16,036
Tax Escrows
1,734
1,810
1,696
1,696
1,606
1,696
1,696
1,696
Insurance Eser
134
179
-115
115
115
115
115
115
CAM Escrows
1,112
1,199
1,009
1,009
1,009
1,009
1,009
1,009
Late Fees
365
PR YR Insuranc
827
TOTAL INCOME
20,498
22.023
19,182
18.855
18,855
18,855
18,809
18,865
EXPENSES
General & Admi
Property Manag
820
881
767
754
754
754
752
754
Office Expense
.6
17
17
Bank charges
-25
Electricity-OAM
log
474
490
481
464
496
533
460
Sweeping - CA
315
158
158
300
300
Soo
300
Porter Service-
70
30
go
60
32
90
32
30
Landscape -CA
640
320
320
320
$20
320
320
Fire Sprinkler/A
150
160
150
Hard Surface R
5,550
Asphalt-CAM
4.131
Elec. Supplies -
54
537
177
1,184
64
140
Mntc. Supplies -
67
Roofing Repair
2.025
355
731
R&M-CAM
40
70
Total General &
4,330
1,923
2,001
3,462
12,343
2,042
2,088
2,022
TOTAL EXPENS
4,330
1,923
2,001
3,462
12,343
2,042
2,088
2,022
NET PROFITILO
16,168
20,101
17,181
15,393
6,512
16,813
16,721
16,833
DJU$TMENTS
Prepaid Rent 1
-1,584
A/P buyer/sell
1,159
Partner's Dist
-12,920
-17.327
- 35 ,698
- 15,
-6.612
-16.813
-16,721
TOTAL ADJUST
-41,762
-18,911
-35,690
-15,393
-6,512
-16,813
-16,721
CASH PLOW
4,406
1,190
17,101
-20,305
-0,881
10,301
-92
112
Page I
KEN
71`17/2009
02:34 PM
Total
132,156
13,720
1,003
8,361
365
327
165,932
6,237
20
-26
3,570
1,830
435
2,560
450
5,550
4,131
2,157
57
3,111
110
30,211
30,211
125,721
-1,584
1,159
-121384
-121,809
3,913
2/2
Staff Report
To KEDC Board of Directors
Date: July 17, 2009
Agenda Item No: III -C
Subject: Discuss photo survey results and recommendations.
Originated by: Kathy Turner, City Secretary
Summary: Jack Thompson, President of Orasi Development and KEDC Contract
Provider will be present to discuss photo survey results and
recommendations amongst board of directors.
Recommendation:
Disposition by KEDC Board of Directors:
Date: July 17, 2009
Subject: Review and consider marketing material, website, brochure and map.
Originated by : Kathy Turner, City Secretary
Summary: Jack Thompson, President of Orasi Development and KEDC Contract
Provider will be present to discuss marketing materials, website, brochure
and map.
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abetjwL /z-�y
Date: July 17, 2009
Agenda Item No: III -E
Subject: Public Hearing, Review and Consider action to forward a recommendation to the
City Council to approve the proposed 2009 -2010 fiscal year budget, and proposed
KEDC projects.
Originated by: Sakura Moten - Dedrick, Director of Finance
Summary: Board of Directors will receive input from city staff, and citizens on the proposed
2009 -2010 KEDC budget, as well as the proposed projects listed below:
1. Staff presentation
t, 2. Public Hearing — To receive citizen's comments on the proposed KEDC 2009-
� 1P10 fiscal year budget, and projects. ftVJ1, C
a. Project Planning, Construction, Development, and on -going day -to -day actual
projects derived from these plans;
b. The Creation of a Tax Increment Financing District(s) (TIF) and Municipal
Management District (MMD) including Consultation, Planning, Legal, and
Engineering Services;
, 0 he Creation of a Tax Increment Financing District(s) (TIF) and Municipal
%nineering nagement District (M MD) including Consultation, Planning, Legal, and
Services;
d. The continuation of the existing Devitalization Grant Program and funding;
e. Industrial expansion and recruitment program.
f. 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;
g. 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;
h. The purchase / leasing / sale or other means of transfer of real estate land and
1 properties for the accomplishment of the above designated projects;
J i. 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;
j. The implementation of an E -Civic Grant Writing Program;
N k. Contractual staff services (Orasi Development); and
1. 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.
3. Staff summary
4. Action on 2009 -2010 fiscal year budget and proposed KEDC projects.
Recommendation: - w D Board . ` Directors forward
recommendation to the City Council to approve 200
proposed fiscal year budget, and listed projects as presented.
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
15: EDC413 FUND
REVENUES OVER EXPENDITURES $ (108,748) $ (532,866) $ (457,996) $ (457,996) $ 435,356 $ 480,295 $ (157,246) $ 300,750
ENDING FUND BALANCE $1,871,189 $1,338,323 $ 639,355 $ 639,355 $1,532,707 $1,577,645 $ 1,420,399 $ 300,750
ADJUSTMENTS (240,972)
"EXEMPLIFYING EXCELLENCE"
FY06 -07
FY07 -08
FY08 -09
FY0B -09
FY0S -09
FY08 -09
FY09 -10
CY -PY
CATEGORY
ACTUAL
ACTUAL
BUDGET
AMENDED
YTD MAY
ESTIMATE
PROPOSED
CHANGE
BEGINNING FUND BALANCE
$1,979,937
$1,871,189
$1,097,351
$1,097,351
$1,097,351
$1,097,351
$ 1,577,645
TAXES
-
-
-
357,011
212,812
301,454
323,571
(33,440)
INVESTMENT EARNINGS
323,109
331,269
357,011
50,000
7,467
10,000
20,000
(30,000)
MISCELLANEOUS INCOME
93,095
48,455
50,000
-
481,136
481,136
-
-
OTHER INCOME
45,762
212,403
175,200
175,200
116,684
231,522
243,600
68,400
TOTAL REVENUES
$ 461,966
$ 592,127
$ 582,211
$ 582,211
$ 818,099
$1,024,112
$ 587,171
$ 4,960
PERSONNEL
104,916
110,172
108,109
108,109
42,847
42,848
-
(108,109)
SUPPLIES
7,972
12,131
29,300
29,300
5,235
11,020
33,860
4,560
MAINTENANCE
124,590
14,525
22,680
22,680
16,725
25,000
23,790
11110
SUNDRY
90,485
671,771
572,801
572,801
202,211
317,223
417,537
(155,264)
DEBT
162,606
215,777
212,317
212,317
115,726
147,726
164,230
(48,087)
TRANSFERS
80,146
100,000
-
-
-
-
10,000
10,000
CAPITAL
-
617
95,000
95,000
-
-
95,000
-
TOTAL EXPENDITURES
$ 570,714
$1,124,993
$1,040,207
$1,040,207
$ 382,743
$ 543,817
$ 744,417
$(295,790)
REVENUES OVER EXPENDITURES $ (108,748) $ (532,866) $ (457,996) $ (457,996) $ 435,356 $ 480,295 $ (157,246) $ 300,750
ENDING FUND BALANCE $1,871,189 $1,338,323 $ 639,355 $ 639,355 $1,532,707 $1,577,645 $ 1,420,399 $ 300,750
ADJUSTMENTS (240,972)
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM SUMMARY
15: EDC46 FUND
TOTAL REVENUES $461,966 $592,130 $582,211 $ 582,211 $ 818,099 $1,024,112 $ 587,171 $ 4,960
TOTAL REVENUES (EXCLUDING INTEREST /TRANSFERS) $ 660,034 $ 567,171
10% ADMIN CHARGE - GENERAL FUND 66,003 56,717
"EXEMPLIFYING EXCELLENCE"
FY06 -07
FY07 -08
FY08 -09
FY08 -09
FY08 -09
FY08 -09
FY09 -10
CY - PY
ACCOUNT
ACCOUNT NAME
ACTUAL
ACTUAL
BUDGET
AMENDED
YTD MAY
ESTIMATE
PROPOSED
CHANGE
4001 -00 -00
PROPERTY TAX-CURRENT YEAR
-
-
-
-
-
-
-
_
4081 -00 -00
SALES TAX
320,527
327,488
354,000
354,000
209,994
301,454
323,571
(30,429)
4082 -00 -00
MIXED BEVERAGE TAX
2,582
3,780
3,011
3,011
2,818
-
-
(3,011)
TAXES
$323,109
$331,269
$357,011
$
357,011
$ 212,812
$ 301,454
$ 323,571
$ (33,440)
4401 -00 -00
INVESTMENT INCOME
93,095
48,455
50,000
50,000
7,467
10,000
20,000
(30,000)
INVESTMENT EARNINGS
$ 93,095
$ 48,455
$ 50,000
$
50,000
$ 7,467
$ 10,000
$ 20,000
$ (30,000)
4409 -00 -00
MISCELLANEOUS INCOME
-
-
-
-
127,058
127,058
-
-
4415 -00 -00
INSURANCE REIMBURSEMENT
-
-
354,078
354,078
MISCELLANEOUS INCOME
$
$ -
$ -
$
$ 481,136
$ 481,136
$
$
4805 -00 -00
RENTAL FEES - SHOPPING CENTER
45,762
212,406
175,200
175,200
116,684
231,522
243,600
68,400
OTHER INCOME
$ 45,762
$212,406
$175,200
$
175,200
$ 116,684
$ 231,522
$ 243,600
$ 68,400
TOTAL REVENUES $461,966 $592,130 $582,211 $ 582,211 $ 818,099 $1,024,112 $ 587,171 $ 4,960
TOTAL REVENUES (EXCLUDING INTEREST /TRANSFERS) $ 660,034 $ 567,171
10% ADMIN CHARGE - GENERAL FUND 66,003 56,717
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM DETAIL
15: EDC4B FUND
FY09 -10
4081 -00 -00 SALES TAX
GENERALLY BUDGET BASED ON PRIOR 3 YEARS OF HISTORY, DUE TO
323,571 323,571
CURRENT ECONOMIC CONDITIONS PROJECT FLAT /NO INCREASE
4401.00 -00 INVESTMENT INCOME
BASED ON CURRENT ECONOMIC CONDITIONS, ANTICIPATE
20,000 20,000
UPCOMING YEAR RATES /EARNINGS TO DOUBLE FROM FY08 -09
PROJECTED INCOME
4409 -00 -00 MISCELLANEOUS INCOME
_
4409 -00 -00 RENTAL FEES- SHOPPING CENTER
ACTUAL RENTAL PAYMENTS FROM SHOPPING CENTER TENANTS PER
198,000 243,600
LEASE AGREEMENTS (APPROXIMATELY $16500 PER MONTH INCLUDING
$500 FOR DOLLAR GENERAL RENEWAL INCREASE)
PREPAID TENANT FEES RECEIVED BUT CORRESPONDING OFFSET
45,600
OCCURS WHEN BOOKED AGAINST CAM EXPENSES (APPROXIMATELY
$3500 PER MONTH
TOTAL REVENUES $ 587,171
"EXEMPLIFYING EXCELLENCE"
i�J
l7
•
•
•
Sales Tax Collections
ECONOMIC DEVELOPMENT CORPORATION 4B
SALES TAX .$0.005
1999 -00
2000 -01
2001 -02
2002.03
2003 -04
2004.05
2005 -06
2006 -07
2007 -08
2008.09 2008 -09 2008 -09
GAIN/ GAIN/ YTD 2008.09
2009.10 2009 -10 2009 -10
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
ACTUAL
BUDGET ACTUAL YTD
LOSS LOSS CUM ESTIMATE
PROPOSED ESTIMATE YTD
OCT
15,180
25,502
25,986
25,015
26,737
27,574
30,493
26,719
21,880
23,885 22,001 22,001
(1,884) 0.6% 0.6% 22,001
22,001 22,001 22,001
NOV
34,486
33,790
38,083
34,511
33,807
28,806
33,284
41,109
30,548
33,347 33,732 55,733
386 10.4% 6.3% 33,732
33,732 33,732 55,733
DEC
22,638
24,974
28,868
23,399
26,428
23,373
24,372
23,107
23,438
25,585 30,093 85,826
4,608 28.4% 13.1% 30,093
30,093 30,093 $6,820
JAN
24,639
20,365
23,884
23,198
21,991
22,728
23,443
26,331
22,677
24,754 19,433 105,259
(6,321) -14.3% 6.8% .19,433
19,433 19,433 105,259
FES
28,582
33,150
36,108
32,631
35,744
33,862
35,625
29,751
29,839
32,573 33,556 138,815
983 12,6% 8.1% 33,666
33,556 33,556 138,815
MAR
19,723
21,451
24,816
23,889
22,465
21,345
24,975
16,997
21,630
23,830 17,063 155,878
(6,767) -21.8% 3.8% 17,063
17,063 17,063 155,878
APR
21,295
22,533
23,144
20,435
23,465
21,936
24,036
25,672
24,231
26,451 22,636 178,514
(3,816) -6.6% 2.3% 22,636
22,636 22,636 178,514
MAY
28,942
42,438
30,905
35,360
36,121
36,355
35,851
32,194
31,278
34,144 30,806 209,321
(3,338) -1.6% 1.7% 30,806
30,806 30,806 209,321
JUN
21,070
27,082
22,890
22,968
33,889
24,011
27,616
26,993
24,985
27,275 21,608 230,929
(6,667) -13.6% 0.1% 21,608
21,608 21,608. 230,929
JUL
23,421
25,095
24,249
25,600
25,928
25,987
24,299
27,477
30,517
33,314 17,906 248,835
(16,407) -41.3% -4.7% 30,648
30,548 30,548 261,476
AUG
30,705
31,319
31,365
32,378
30,767
34,222
35,983
28,340
38,499
42,026 38,499 287,333
(3,628) 0.0% -4.1% 38,537
38,537 38,537 300,013
SEP
23,438
26,680
23,899
26,060
25,710
22,677
27,368
30,430
23,534
25,690 14,120 301,454
(11,670) 40.0% -6.7% 23,668
23,558 23,558 323,571
294,120
334,381
334,196
326,445
343,051
322,876
347,346
335,121
323,266
362,875 301,454
(61,421) 323,571
323,571 323,571
33.78%
13.69%
-0.06%
-2.62%
5.41%
-5.88%
7.58%
-3.52%
-3.54%
9.16% -6.74%
0.10%
0.00% 0.00%
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
15: EDC4B FUND
01: ADMINISTRATION
EXPENDITURE LINE ITEM SUMMARY
5403 -01 -00 BUILDING MAINTENANCE
5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT
MAINTENANCE
9 - -
21 1,000 1,000 - (1,000)
$ $ 30 $ 1,000 $ 1,000 $ $ $ $ (1,000)
5501 -01 -00
ADVERTISING
FY06 -07
FY07 -08
FY08 -09
FY08 -09
FY08 -09
FY08 -09
FY09 -10
CY -PY
ACCOUNT
ACCOUNT NAME
ACTUAL
ACTUAL
BUDGET
AMENDED
YTD MAY
ESTIMATE
PROPOSED
CHANGE
1,000
(400)
5512 -01 -00
CONTRACTUAL SERVICES
56,191
563,913
300,500
130,000
142,141
122,000
5101 -01 -00
SALARIES
72,740
76,120
77,690
77,690
32,502
32,502
2,800
(77,690)
5107 -01 -00
OVERTIME
4,663
5,738
3,000
3,000
-
-
25,000
(3,000)
5111 -01 -00
AUTO ALLOWANCE
3,958
4,235
4,800
4,800
1,278
1,278
-
(4,800)
5114 -01 -00
LONGEVITY
-
-
-
-
184
184
-
-
5115 -01 -00
RETIREMENT
8,407
8,926
9,344
9,344
3,871
3,871
SPECIAL SERVICES
(9,344)
5116 -01 -00
UNEMPLOYMENT INSURANCE
45
45
-
-
108
108
5575 -01 -00
-
5117 -01 -00
FICA
6,224
6,629
6,540
6,540
2,598
2,598
(1,000)
(6,540)
5118 -01 -00
MEDICAL INSURANCE
5,379
5,754
6,000
6,000
2,071
2,071
6,000
(6,000)
5120 -01 -00
LIFE INSURANCE
123
173
255
255
58
58
(255)
5121 -01 -00
DENTAL INSURANCE
238
285
360
360
142
142
300
(360)
5122 -01 -00
VISION INSURANCE
79
86
120
120
36
36
21,833
(120)
5190 -01 -00
VACATION /SICK /TERM /LEAVE ADJ
3,061
2,182
-
-
-
-
-
-
$ 245,723
PERSONNEL
$104,916
$110,172
$108,109
$ 108,109
$ 42,847
$ 42,848
$ -
$(108,109)
5220 -01 -00
UNIFORM
405
218
600
600
-
-
300
(300)
5240 -01 -00
PRINTED SUPPLIES
3,242
4,555
14,000
14,000
1,673
4,500
25,000
11,000
5260 -01 -00
GENERAL OFFICE SUPPLIES
1,561
754
1,500
1,500
332
500
500
(1,000)
5261 -01 -00
POSTAGE
624
871
1,000
1,000
120
200
1,000
TRANSFER OUT - GENERAL FUND
5280 -01 -00
MINOR EQUIP /SMALLTOOLS<$5K
764
1,870
3,000
3,000
-
-
1,000
(2,000)
5290 -01 -00
EXPENDABLE SUPPLIES
1,375
841
1,500
1,500
1,023
1,500
1,500
-
5795 -01 -00
SUPPLIES
$ 7,972
$ 9,107
$ 21,600
$ 21,600
$ 3,149
$ 6,700
$ 29,300
$ 7,700
5403 -01 -00 BUILDING MAINTENANCE
5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT
MAINTENANCE
9 - -
21 1,000 1,000 - (1,000)
$ $ 30 $ 1,000 $ 1,000 $ $ $ $ (1,000)
5501 -01 -00
ADVERTISING
2,909
980
18,000
18,000
527
1,250
11,000
(7,000)
5510 -01 -00
ASSOC DUES /PUBLICATIONS
1,086
3,844
1,400
1,400
237
500
1,000
(400)
5512 -01 -00
CONTRACTUAL SERVICES
56,191
563,913
300,500
130,000
142,141
122,000
-
(130,000)
5525 -01 -00
TRAINING /SEMINARS
495
34
2,800
2,800
430
750
2,500
(300)
5565 -01 -00
LEGAL SERVICES
11,311
38
25,000
25,000
15,899
30,000
40,000
15,000
5567 -01 -00
AUDIT SERVICES
-
-
3,000
3,000
3,000
3,000
4,000
1,000
5569 -01 -00
IT SUPPORT
-
984
-
-
-
-
-
-
5570 -01 -00
SPECIAL SERVICES
24,759
9,585
90,000
85,500
5,334
21,420
78,920
(6,580)
5575 -01 -00
EQUIPMENT RENTAL
-
373
1,000
1,000
-
-
-
(1,000)
5578 -01 -00
TRAVEL
2,191
2,457
7,450
7,450
254
500
6,000
(1,450)
5580 -01 -00
ENGINEERING SERVICES
-
-
25,000
-
5,045
-
-
-
5585 -01 -00
TELEPHONESERVICES
1,417
978
600
600
220
300
-
(600)
5595 -01 -00
ADMIN CHARGE - GENERAL FUND
22,750
58,334
53,221
53,221
21,833
66,003
56,717
3,496
SUNDRY
$123,108
$641,520
$527,971
$ 327,971
$194,920
$ 245,723
$
200,137
$(127,834)
5610 -01 -00
VISUAL GRANT
4,790
7,807
100,000
100,000
-
36,417
50,000
(50,000)
5615 -01 -00
FUNCTIONAL GRANT
49,569
96,423
1
1
4,417
-
-
(1)
5625 -01 -00
ISSUANCE COST
32,338
-
-
-
-
-
-
-
DEBT
$ 86,696
$104,231
$100,001
$ 100,001
$ 4,417
$ 36,417
$
50,000
$ (50,001)
5701 -01 -00
TRANSFER OUT - GENERAL FUND
-
-
-
-
-
-
10,000
10,000
5714 -01 -00
TRANSFER OUT - DEDICATION FUND
50,000
100,000
-
-
-
5795 -01 -00
TRANSFER OUT -EDC RESERVE FUND
112,606
-
-
-
-
TRANSFERS
$162,606
$100,000
$
$
$
$
$
10,000
$ 10,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15: EDC411 FUND
01: ADMINISTRATION
TOTAL EXPENDITURES $565,444 $965,677 $853,681 $ 653,681 $245,333 $ 331,688 $ 384,437 $(269,244)
"EXEMPLIFYING EXCELLENCE"
FY06 -07
FY07.08
FY08 -09
FY08 -09
FY08 -09 FY08 -09 FY09 -10 CY - PY
ACCOUNT
ACCOUNT NAME
ACTUAL
ACTUAL
BUDGET
AMENDED
YTD MAY ESTIMATE PROPOSED CHANGE
5800 -01 -00
LAND
80,146
617
25,000
25,000
25,000
5813 -01 -00
KENNEDALE ENTRANCE SIGN
-
-
45,000
45,000
45,000 -
5820 -01 -00
BUILDING IMPROVEMENT
-
-
25,000
25,000
25,000
CAPITAL
$ 80,146
$ 617
$ 95,000
$ 95,000
$ $ $ 95,000 $
TOTAL EXPENDITURES $565,444 $965,677 $853,681 $ 653,681 $245,333 $ 331,688 $ 384,437 $(269,244)
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC4B FUND
01: ADMINISTRATION
FY09 -10
5101 -01 -00
SALARIES
EDC DIRECTOR POSITION OMITTED.
5107 -01 -00
OVERTIME
EDC DIRECTOR POSITION OMITTED.
5115 -01 -00
RETIREMENT
EDC DIRECTOR POSITION OMITTED.
5117 -01 -00
FICA
EDC DIRECTOR POSITION OMITTED.
5118 -01 -00
MEDICAL INSURANCE
EDC DIRECTOR POSITION OMITTED,
5120.01 -00
LIFE INSURANCE
EDC DIRECTOR POSITION OMITTED,
5121 -01 -00
DENTAL INSURANCE
EDC DIRECTOR POSITION OMITTED.
5122 -01 -00
VISION INSURANCE
EDC DIRECTOR POSITION OMITTED.
5220 -01 -00
UNIFORM
NEW SHIRTS FOR CONVENTIONS /MEETINGS
300
300
5240.01.00
PRINTED SUPPLIES
PRINTED MAPS OF ENTIRE CITY
5,000
25,000
EDC COPIES /BROCHURES
3,000
CITY MARKETING FLYERS /AERIAL PHOTOS
5,000
FOXY SERVICES FOR QUARTERLY NEWSLETTER ($600 MONTH) AND
12,000
CHRISTMAS EDITION ($1500), SPLIT 66% EDC /34% CITY PLUS ADDTL
6200 FOR BROADENING OF NEWSLETTER
5260 -01 -00
GENERAL OFFICE SUPPLIES
FILES /FOLDERS /PAPER /PENCILS (REDUCED DUE TO CONTRACTING
500
500
OUT EDC DIRECTOR POSITION
5261 -01 -00
POSTAGE
FOR MAIL OUTS /MARKETING PACKAGES (REDUCED DUE TO
500
500
CONTRACTING OUT EDC DIRECTOR POSITION
5280.01 -00
MINOR EQUIP /SMALLTOOLS<$5K
ADDITIONAL EQUIPMENT ASSOCIATED WITH
1,000
1,000
PRESENTATIONS /MARKETING (REDUCED DUE TO CONTRACTING OUT
EDC DIRECTOR POSITION
5290 -01 -00
EXPENDABLE SUPPLIES
MEETING SUPPLIES
11000
1,500
LOCAL SIGNS
500
5440 -01 -00
OFFICE EQUIP /SOFTWARE MAINT
REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION
5501 -01 -00
ADVERTISING
PROMOTIONAL ADVERTISING
5,000
11,000
PARK EVENTS CONTRIBUTION IF NEEDED (REDUCED DUE TO INCREASE
5,000
IN PRINTED SUPPLIES LINE ITEM FOR NEWSLETTER, NOT CURRENTLY
BUDGETED BUT IS BEING EXPENSED)
MARKETING HANDOUTS
11000
5510 -01 -00
ASSOC DUES /PUBLICATIONS
INTERNATIONAL COUNCIL OF SHOPPING CENTERS BOARD
500
1,000
MEMBERSHIP
MISCELLANEOUS EDC RELATED MEMBERSHIPS BY STAFF /BOARD
250
MISCELLANEOUS EDC RELATED SUBSCRIPTIONS BY STAFF /BOARD
250
5512 -01 -00
CONTRACTUAL SERVICES
NO LONGER USE THIS LINE. MERGED INTO SPECIAL SERVICES (5570).
-
5525 -01 -00
TRAINING /SEMINARS
EDC TRAINING THROUGH VARIOUS ASSOCIATIONS BY BOARD
1,000
2,500
ICSC CONFERENCE REGISTRATION BY BOARD 3 MEMBERS
1,500
5565.01 -00
LEGAL SERVICES
BILLABLE HOURS FOR CITY ATTORNEY ON EDC RELATED PROJECTS
25,000
40,000
($2100 PER MONTH)
OTHER LEGAL SERVICES FOR TIFF /MMD /TOWN CENTER PROJECT
15,000
5567 -01 -00
AUDIT SERVICES
PATILLO, BROWN & HILL SERVICES FOR INDEPENDENT ANNUAL AUDIT
4,000
4,000
5569 -01 -00
IT SUPPORT"
5570.01.00
SPECIAL SERVICES
TOWN CENTER CONSULTING FIRM (APPROXIMATELY $3500 PER
45,000
78,920
MONTH)
BRANDING /IMAGE SERVICES
18,000
E -CIVIS GRANT WRITING PROGRAM
8,000
PARKWAY BANNERS
7,500
DATAPROSE SERVICE FOR STUFFING OF NEWSLETTER ($35 MONTH),
420
SPLIT 67% EDC /34% CITY
5575 -01.00
EQUIPMENT RENTAL
5578.01 -00
TRAVEL
MILEAGE /FOOD FOR LOCAL EDC RELATED BUSINESS MEETINGS BY
500
6,000
STAFF /BOARD
ISCS CONFERENCE AIRFARE BY BOARD (3 MEMBERS)
2,000
ICSC CONFERENCE HOTEL ($2000) / FOOD ($800)
2,800
TRAVEL RELATED TO OTHER EDC TRAINING /SEMINARS BY
700
STAFF /BOARD
5585 -01 -00
TELEPHONE SERVICES
NO LONGER UTILIZE SERVICE (REDUCED DUE TO CONTRACTING OUT
-
EDC DIRECTOR POSITION
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC411 FUND
01: ADMINISTRATION
FY09 -10
5595 -01 -00
ADMIN CHARGE - GENERAL FUND
REIMBURSEMENT FOR ADMINISTRATIVE SERVICES PROVIDED BY
GENERAL FUND RESOURCES (10% TOTAL REVENUES EXCLUDING
INTEREST /TRANSFERS
56,717
56,717
5610 -01 -00
VISUAL GRANT
GRANT ASSISTANCE PROVIDED TO LOCAL BUSINESSES
50,000
50,000
5701 -01 -00
TRANSFER OUT - GENERAL FUND
BOARD APPROVAL TO ASSIST IN SECTION HOUSE RELOCATION
10,000
10,000
5800 -01 -00
LAND
LAND /RIGHT -OF -WAY PURCHASE FOR THE BENEFIT OF EDC
25,000
25,000
5813 -01 -00
KENNEDALE ENTRANCE SIGN
NEW ENTRANCEWAY SIGN /SITE IS TBD
45,000
45,000
5820 -01 -00
BUILDING IMPROVEMENT
EDC -OWNED PROPERTY ENHANCEMENTS
25,000
25,000
TOTAL EXPENDITURES $ 383,937
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15: EDC46 FUND
01: ADMINISTRATION
03: DEBT SERVICE
"EXEMPLIFYING EXCELLENCE"
FY06.07 FY07 -08
FY08 -09
FY08 -09
FYOB -09
FY08 -09
FY09 -10
CY -PY
ACCOUNT
ACCOUNT NAME
ACTUAL ACTUAL
BUDGET
AMENDED
YTD MAY
ESTIMATE
PROPOSED
CHANGE
5620 -01 -03
ISSUANCE COSTS
-
-
-
-
5621 -01 -03
PAYING AGENT FEES
- -
1,000
1,000
-
-
-
(1,000)
5643 -01 -03
2007 $1.2M TAX BOND - INTEREST
- 81,547
81,316
81,316
81,309
81,309
79,230
(2,086)
5644 -01 -03
2007 $1.2M TAX BOND - PRINCIPAL
- 30,000
30,000
30,000
30,000
30,000
35,000
5,000
DEBT
$ $111,547
$112,316
$ 112,316
$111,309
$ 111,309
$ 114,230
$ 1,914
TOTAL EXPENDITURES
$ $111,547
$112,316
$ 112,316
$111,309
$ 111,309
$ 114,230
$ 1,914
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC413 FUND
01: ADMINISTRATION
03: DEBT SERVICE
FY09 -10
5620.01 -03
ISSUANCE COSTS
AGENT FEES TO HANDLE BOND AMORTIZATIONS
5621 -01 -03
PAYINGAGENTFEES
FEES RELATED TO THE ACQUISITION OF NEW DEBT (BANK /BOND
ATTORNEY /FINANCIAL ADVISOR). BANK IS PAYING AGENT IN PRIVATE
PLACEMENT AND GENERALLY DOES NOT CHARGE.
5643 -01 -03
2007 $1.2M TAX BOND- INTEREST
DUE 11/01 39,615 79,230
DUE 05/01 39,615
5644.01 -03
2007 $1,2M TAX BOND - PRINCIPAL
DUE 05/01 35,000 35,000
TOTAL EXPENDITURES $ 114,230
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15: EDC411 FUND
02: TOWN SHOPPING CENTER
"EXEMPLIFYING EXCELLENCE"
FY06 -07
FY07 -08
FY08 -09
FY08 -09
FY08 -09
FY08 -09
FY09 -10
CY -PY
ACCOUNT
ACCOUNT NAME
ACTUAL
ACTUAL
BUDGET
AMENDED
YTD MAY
ESTIMATE
PROPOSED
CHANGE
5280 -02 -00
MINOR EQUIP /SMALLTOOLS<$5K
-
3,023
7,700
7,700
2,085
4,320
4,560
(3,140)
SUPPLIES
$
$ 3,023
$ 7,700
$
7,700
$ 2,085
$ 4,320
$ 4,560
$ (3,140)
5403 -02 -00
BUILDING MAINTENANCE
1,481
14,496
21,680
21,680
16,725
25,000
23,790
2,110
MAINTENANCE
$ 1,481
$ 14,496
$ 21,680
$
21,680
$ 16,725
$ 25,000
$ 23,790
$ 2,110
5501 -02 -00
ADVERTISING
-
-
1,000
1,000
-
-
-
(1,000)
5510 -02 -00
ASSOC DUES /PUBLICATIONS
-
-
1,230
1,230
-
-
(1,230)
5512 -02 -00
CONTRACTUAL SERVICES
3,180
9,730
14,800
14,800
4,731
9,300
(14,800)
5530 -02 -00
ELECTRIC SERVICES
609
4,813
6,100
6,100
2,585
7,200
7,800
1,700
5545 -02 -00
INSURANCE - PROPERTY
-
-
20,900
20,900
-
-
-
(20,900)
5565 -02 -00
LEGAL SERVICES
-
-
-
-
-
-
-
5570 -02 -00
SPECIAL SERVICES
-
15,708
800
800
(25)
-
9,600
8,800
SUNDRY
$ 3,789
$ 30,251
$ 44,830
$
44,830
$ 7,291
$ 16,500
$ 17,400
$ (27,430)
TOTAL EXPENDITURES
$ 5,270
$ 47,770
$ 74,210
$
74,210
$ 26,101
$ 45,820
$ 45,750
$ (28,460)
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC4B FUND
02: TOWN SHOPPING CENTER
FY09.10
PR ED
5280 -02 -00
MINOR EQUIP /SMALL TOOLS <$5K
ELECTRIC SUPPLIES ($360 PER MONTH)
4,320
4,560
MAINTENANCE SUPPLIES 20 PER MONTH
240
5403 -02 -00
BUILDING MAINTENANCE
POWER WASHING -CAM
250
23,790
SWEEPING -CAM ($300 PER MONTH)
3,600
LANDSCAPE -CAM ($320 PER MONTH)
3,840
PORTER SERVICE -CAM ($100 PER MONTH)
1,200
FIRE SPRINKLER -CAM ($150 PER QUARTER)
600
ASPHALT /HARD SURFACE REPAIR -CAM ($4000/$5000)
91000
R &M -CAM
2,000
ROOFING REPAIR
3,000
VACANCY PREPARATION
300
5501 -02 -00
ADVERTISING
5510 -02 -00
ASSOC DUES /PUBLICATIONS
5512.02 -00
CONTRACTUAL SERVICES
NO LONGER USE THIS LINE. MERGED INTO SPECIAL SERVICES (5570)
-
-
5530 -02 -00
ELECTRIC SERVICES
ELECTRICITY -CAM 650 PER MONTH
7,800
7 1 800
5545 -02 -00
INSURANCE - PROPERTY
RECORDED ON BALANCE SHEET SINCE COLLECTED AS ESCROW
-
-
ACCOUNT
5570 -02 -00
SPECIAL SERVICES
PROPERTY /ASSET MANAGEMENT 800 PER MONTH
9,600
9,600
TOTAL EXPENDITURES $ 45,750
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15: EDC4B FUND
03: TOWN CENTER REDEVELOPMENT
"EXEMPLIFYING EXCELLENCE"
FY06 -07 FY07.08 FY08 -09 FY08 -09
FY08 -09
FY08 -09
FY09.10 CY - PY
ACCOUNT
ACCOUNT NAME
ACTUAL ACTUAL BUDGET AMENDED
YTD MAY
ESTIMATE
PROPOSED CHANGE
5570 -02 -00
SPECIAL SERVICES
- - 100,000
10,000
100,000
5579 -02 -00
ARCHITECT /DESIGN SERVICES
- - 75,000
-
20,000
75,000
5580 -02 -00
ENGINEERING SERVICES
25,000
25,000
25,000 -
SUNDRY
$ $ $ $ 200,000
$
$ 55,000
$ 200,000 $
TOTAL EXPENDITURES
$ $ $ $ 200,000
$
$ 55,000
$ 200,000 $
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC41B FUND
03: TOWN CENTER REDEVELOPMENT
FY09 -10
PROPOSED
5570 -03 -00 SPECIAL SERVICES
MUNICIPAL MANAGEMENT DISTRICT (MMD) AND TAX INCREMENT
15,000
100,000
FINANCE (TIFF) FORMATION AND MAINTENANCE FEES
LANDSCAPING
35,000
REPAINTING
50,000
5579 -03 -00 ARCHITECT /DESIGN SERVICES
URBAN PLANNING, LAND SURVEYING, TOPOGRAPHY SERVICES
75,000
75,000
5580.03 -00 ENGINEERING SERVICES
DEVELOPMENT /REDEVELOPMENT ASSOCIATED WITH MIXED USE SITES
25,000
25,000
TOTAL EXPENDITURES $ 200,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
95: EDC4B RESERVE FUND
REVENUES OVER EXPENDITURES $ 114,851 $ 3,631 $ - $ - $ 761 $ - $ 1,920 $ 1,920
ENDING FUND BALANCE $ 154,445 $118,482 $ 118,482 $ 118,482 $ 119,242 $ 118,482 $ 120,402 $ 1,920
ADJUSTMENTS (39,594 ) - - - - - - 0
"EXEMPLIFYING EXCELLENCE"
FY06 -07
FY07 -08
FY08.09 FY08 -09
FY08.09 FY08 -09
FY09 -10
CY - PY
CATEGORY
ACTUAL
ACTUAL
BUDGET AMENDED
YTD MAY ESTIMATE
PROPOSED
CHANGE
BEGINNING FUND BALANCE
$ 39,594
$114,851
$ 118,482 $ 118,482
$ 118,482 $ 118,482
$ 118,482
INVESTMENT EARNINGS
2,245
3,631
- -
761 -
1,920
1,920
TRANSFERS
112,606
-
- -
- -
-
-
TOTAL REVENUES
$ 114,851
$ 3,631
$ - $ =
$ 761 $ -
$ 1,920
$ 1,920
TRANSFERS
-
-
- -
- -
-
-
TOTAL EXPENDITURES
$ -
$ -
$
REVENUES OVER EXPENDITURES $ 114,851 $ 3,631 $ - $ - $ 761 $ - $ 1,920 $ 1,920
ENDING FUND BALANCE $ 154,445 $118,482 $ 118,482 $ 118,482 $ 119,242 $ 118,482 $ 120,402 $ 1,920
ADJUSTMENTS (39,594 ) - - - - - - 0
"EXEMPLIFYING EXCELLENCE"
CRY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE REM SUMMARY
95: EDC4B RESERVE FUND
95: EDC413 RESERVE FUND
FY06.07 FY07 -08 FY08.09 FY08.09 FY08.09 FY08 -09 FY09 -10 CY - PY
ACCOUNT ACCOUNT NAME ACTUAL ACTUAL BUDGET AMENDED YTD MAY ESTIMATE PROPOSED CHANGE
5715 -00-00 TRANSFER OUT -EDC FUND - - - - - - - -
TRANSFERS
TOTAL EXPENDITURES $ _ $ . $ - $ . $ . $ . $
"EXEMPLIFYING EXCELLENCE"
FY06 -07
FY07 -08
FY08 -09
FY08 -09 FY08.09
FY08.09
FY09 -10
CY'-PY
ACCOUNT
ACCOUNT NAME
ACTUAL
ACTUAL
BUDGET
AMENDED YTD MAY
ESTIMATE
PROPOSED
CHANGE
4401 -00-00
INVESTMENT INCOME
2,245
3,631
-
- 761
-
1,920
1,920
INVESTMENT EARNINGS
$ 2,245
$ 3,631
$ _
$ - $ 761
$ -
$ 1,920
$ 1,920
4915 -00-00
TRANSFER IN -EDC FUND
-
-
-
- -
-
-
-
4920 -00-00
TRANSFER IN
112,606
-
-
- -
-
-
-
OTHER AGENCY
$112,606
$ -
$ -
- $ -
$
$ -
$
TOTAL REVENUES
$114,851
$ 3,631
$ -
$ - $ 761
$ -
$ 1,920
$ 1,920
95: EDC413 RESERVE FUND
FY06.07 FY07 -08 FY08.09 FY08.09 FY08.09 FY08 -09 FY09 -10 CY - PY
ACCOUNT ACCOUNT NAME ACTUAL ACTUAL BUDGET AMENDED YTD MAY ESTIMATE PROPOSED CHANGE
5715 -00-00 TRANSFER OUT -EDC FUND - - - - - - - -
TRANSFERS
TOTAL EXPENDITURES $ _ $ . $ - $ . $ . $ . $
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE /EXPENDITURE LINE REM DETAIL
95: EDC48 RESERVE FUND
FY09 -10
4401 -00 -00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE /INTEREST RATES 1,920 1,920
4915 -00.00 TRANSFER IN -EDCS PER BOND COVENANTS, WE ARE REQUIRED TO ESTABLISH THIS FUND -
AND DEPOSIT INTO IT A SPECIFIC AMOUNT OF RESERVES. THESE
RESERVES ARE TO BE USED SOLELY FOR THE PURPOSE OF RETIRING THE
LAST OF ANY PARITY BONDS AS THEY BECOME DUE OR PAYING OFF
ANY PRINCIPAL/INTEREST WHENDEBT SERVICE FUNDS ARE
TOTAL REVENUES $ 1,920
5715.00.00 TRANSFER OUT -EDCB FUND
TOTAL EXPENDITURES $
"EXEMPLIFYING EXCELLENCE"
) ,
Date: July 17, 2009
Subject: Discussion of strategies to work with the Chamber of Commerce.
Originated by: Bob Hart, City Manager
Summary: In any community, economic development activities are provided by several
organizations: EDC, chamber of commerce, the city, industrial board, and /or a
convention and visitors bureau. In Kennedale, it is a combination of the city,
EDC, and chamber of commerce. The chamber is struggling financially and is
currently without a staff member. In my opinion, it is important for Kennedale to
retain a chamber as opposed to rejoining the South Tarrant Chamber. The
EDC should not directly support the chamber financially; it may be possible for
the EDC and chamber to jointly promote the community through marketing
materials, brochures, or maps.
I have placed this on the agenda to discuss the parameters under which we
may explore options.
FIOTOT ,#
7) 1 11:�iii
To KEDC Board of Directors
Date: July 17, 2009
Agenda Item No: III -G
Subject: Review and consider action to cancel representation agreement with Mark A. Howe dba
Howe/Wood & Company and /or its assigns and /or its affiliates (HW &C), and to provide
a 30 -day written termination notice.
Originated by: Bob Hart, City Manager
Summary: The Board entered into a representation agreement with Howe/Wood &
Company to buy and sell property on behalf of the EDC in 2006. The
intended direction of the EDC is to develop the TownCenter through a
development agreement with Cypress Properties. Consequently, there is no
need to keep Mark Howe under contract. Staff requests authorization to
notify Howe/Wood & Company of the EDC's intent to terminate the
agreement.
Recommendation: Recommend KEDC Board of Directors authorizes the Executive
Director to provide a 30-day written notice to terminate
Representation Agreement.
It is hereby understood and agreed that HoweMood & Company and/or its
assigns and/or its affiliates (HW&C) and Kennedale Economic Development
Corporation (KE,DC) agree to the following terms.
I HoweA/Vood & Company and/or its assigns and/or its affiliates (HW&C) will
represent Kennedale Economic Development Corporation (KEDC) to
acquire various properties at the direction of KEDC.
2. HW&C will charge a rate of three (3%) percent of the Purchase Price on
each transaction. If the property is already listed and the Seller is paying
the commission, there will be no additional charge to the City of Kennedale.
If the property is not listed, or the Seller will not pay the commission, KEDC
agrees to pay the three (3%) percent commission to HW&C.
10 a - I a -
HOWEMOOD & COMPANY COPY
and/or its assigns
and/or its affiliates
By:
Mark A. Howe date'
KEEP ALA NOMIO ELOPMENT CORPORATION
I By: Mark A. Howe Enterprises, Inc.
M
Vaughn, 'President
date
To KEDC Board of Directors
Date: July 17, 2009
Agenda Item No: III - H
Subject: Review and consider action to cancel management contract with Quine & Association,
Inc., and to provide 30 -day written termination notice.
Originated by: Bob Hart, City Manager
Summary: Two months ago, the Board authorized the staff to terminate the leasing
provision with Quine and Associates. Staff has done so. Staff is now
requesting the Board consider providing notice to terminate the management
contract with Quine and Associates. The contract provides that such action
can be done by either party with a 30 -day notice. The center is currently full.
Management of the TownCenter can be done by James Cowey. Leasing of
the site will be done by David Johnson. This action will save $9,600 annually.
Recommendation: Recommend KEDC Board of Directors authorizes the Executive
Director to provide a 30 -day written notice to terminate
management agreement.
i . •%
NI (.��
W I
V 1,,
MANAGEMENT AND LEASM AGREEMENT
Owner hereby exclusively appoints the Agent for the purpose of operating, managing,
leasing and maintaining Kennedale Retail Center (hereinafter called "Property ") as described
on Exhibit °A'° attached hereto and made a part of, located at 106 -109 & 223 W Kennedale
Parkway, Kennedale, Tarrant County, Texas for a period of approximately six months
beginning on_4yly 9, 2007 and ending on December 31 , 2007 , and continuing thereafter from
month -to -month until terminated as hereinafter provided. Either party may terminate this
Agreement during the term hereof, as specifically provided in Section 7 below.
2. MANAGEMENT SERVICES TO DE PERFORMED
The Owner hereby authorizes Agent to perform, and Agent does hereby agree to
perform, in the name of, for the account of, and at the expense of Owner, the following:
A. General Responsibilities
Agent shall be responsible for overall management and leasing of the Property as a
retail /office center for the benefit of Owner, except for those responsibilities expressly
excluded by the terms of this Agreement.
Agent shall negotiate lease agreements in the name of Owner on standard forms
approved by Owner with lease provisions as approved by Owner. It is understood that
Agent-shall execute all leases on behalf of Owner, after prior approval of Owner; which
approval shall be deemed granted if Owner has not rejected the lease applicant within
14 days after delivery.of applicant information to Owner; Owner shall not unreasonably_
withhold or delay Owner's approval. Agent shall set written standards for screening and
qualifying prospective tenants, and shall screen and qualify all prospective tenants with
credit reports.
C. Statement and Invoices
Agent shall determine and prepare invoices and /or statements, as applicable, for tenants
of the property for rent, common area maintenance fees, taxes, insurance and other
charges as shall be due from tenants in accordance with applicable lease provisions.
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Agent shall collect all rents and other monies due, including percentage rents, from
tenants of the Property as and when the same shall become due and payable and give
receipts therefor, and in the collection of percentage rents: Agent shall keep records of
gross sales ®f'tenants and compute percentage rent due, terminate tenancies, and sign
and serve in the name of the Owner such notices as are deemed appropriate by the
Agent; Agent shall, with the prior consent of Owner, institute and prosecute actions; evict
tenants and recover possession of premises occupied by them, sue in the name of the
Owner to recover rents and other sums due. When expedient, Agent may settle,
compromise and release such actions or suits to reinstate such tenancies, when the total_
amount sought in such actions or suits is less than $2,000.00.
61- . , _
Agent shall deposit all receipts collected for Owner in the course of operating the
Property, in an FDIC insured operating account for the benefit of Owner; such account
shall hereinafter be called "Operating Account." Agent may endorse any and all checks
drawn to the Owner (with the exception of checks for insurance, condemnation, or
lawsuit settlements) as may be required for deposit into the Operating Account. Any
funds remaining in the Operating Account at the end of each month during the term
hereof, after the deduction of a $2,500.00 operating reserve and after the disbursements
by the Agent of the expenses and other expenditures authorized hereunder, shall be
remitted to Owner. The $2,500.00 operating reserve may be adjusted from time -to -time
as mutually agreed by Owner and Agent. Agent will not be held liable in event of
bankruptcy, failure or negligence of the depository.
F. Accounts Payable
Agent shall pay on behalf of Owner from the Operating Account, all obligations and
expenses in operating, managing, leasing and maintaining the property which are
lawfully incurred by or on behalf of the Property, including but not limited to management
fees (as described in section 4.13), leasing fees (as described in section 4.C) and
personal property taxes. In the event the funds in the Operating Account are not
sufficient to pay such obligations and expenses, Owner shall at the request of Agent
cause. to be deposited additional funds necessary to pay such obligations and expenses
of the property. Agent shall pay all invoices in a timely manner that will take full
advantage of any discounts offered to the extent that there are monies available in the
operating account.
Agent shall maintain full and detailed books and records at its principal office in
Richardson, Texas related to its operation, management, and maintenance of the
Property. Such books and records shall be kept in accordance with generally accepted
accounting principles, as being maintained by Agent for other commercial properties
managed by Agent. Owner shall at all reasonable times have access to such records for
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Agent shall provide to Owner on or before the 20th day following the end of each
calendar month, an Operating Report prepared by Agent setting forth all rents and other
income collected and disbursements of all funds related to the operation, management,
leasing and maintenance of the Property, for the immediately preceding fiscal month of
operation. The fiscal year -end Operating Report for the project shall be due within sixty
(60) days following the end of the last month of the project's fiscal year. The Operating
Reports shall compare receipts and disbursements for such prior month and for the
year -to -date. A written memorandum is to be provided with the Operating Report setting
forth explanations for deviations from budget amounts. Agent shall also provide with
such report a list of all tenants who are delinquent, a cash reconciliation report, and a
leasing report.
I. Budget
Agent shall prepare and submit to Owner for approval at least thirty (30) days prior to the
start of each year, an annual operating budget (the "Budget ") for the Property showing
monthly and annual income, operating expense and capital expenditures. The fiscal year
for the Property shall end December 31" of each calendar year, unless otherwise agreed
in writing by both Agent and Owner. Subject to the terms of this Agreement, approval of
the Budget by Owner will constitute Agent's authority to incur the operating expenses
and capital expenditures as set forth in the Budget.
J. Sales and Use Tax Return
Agent shall prepare all sales and use tax returns, if any, necessary in the operation of
the Property, and make all deposits and payments required with respect to such taxes.
K. Audited Statement
Agent shall, if requested by Owner and at the cost of the Owner, provide annual financial
staterttents audited and certified by a certified public accounting firm satisfactory to
Owner.
Agent shall cause to be hired, supervised, discharged and paid, at reasonable wages, all
employees and contractors reasonably necessary for the efficient operation,
management, leasing and maintenance of the Property. Agent shall use reasonable care
in selection and supervision of such employees and contractors. All persons employed
shall be employees of Agent and not of Owner. Agent's management employees, such
as Property Manager, Assistant Property Manager, accounting personnel, Building
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M. Utilities
Agent shall negotiate and enter into contracts in the name of Owner for electricity, gas,
fuel, water, telephone, window cleaning, refuse handling, janitorial service, extermination
service and other services required in the operation and maintenance of the Property. All
contracts shall be on an "arms length" market rate basis, and shall not be surcharged by
Agent. The Owner shall assume the obligation of any contract so entered into and
outstanding at the termination of this Agreement. All service and maintenance contracts
initiated by Agent shall be negotiated to include thirty (30) days notice of termination
clause without penalty.
N. Maintenance
Agent shall maintain or cause to be maintained the Property and common areas thereof,
including sidewalks, signs, parking lots and landscaping; to make or cause to be made
and supervise minor repairs (under $ 2,500.00) and minor alterations or renovations
(under $ 2,500.00); to purchase supplies required for the operation and maintenance of
the Property, and pay all bills therefor from Owner's funds, and to report to Owner
conditions related to the Property requiring the attention of Owner.
Agent shall purchase all supplies, materials and equipment as Agent may determine
advisable. The Agent agrees to secure the approval of the Owner on all expenditures in
excess of $ 2,500.00 for any one item, unless said expenditure was set forth in the
Budget, or for an emergency repair necessary to the tenants per the lease, or for the
protection of human life.
9. Promotion
Agenf shall conduct or cause to be conducted a promotional program as may be
appropriate and customary for the tenants within the Property with the consultation and
prior approval of the Owner.
Agent shall advertise the Property or portions thereof, as available for rent, and prepare
other forms of advertising relating to said rental activity.
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QAnsurance
Agent shall, if requested by Owner, (1) determine all insurance coverage reasonably
required or desirable for the Property, and on behalf of Owner negotiate and procure
such insurance coverage; (2) upon receiving the prior written consent of Owner, institute
and prosecute claims under all such coverage; (3) upon receiving the prior written
consent of Owner, settle and compromise such claims; (4) procure periodic insurance
appraisals as may be required; and (5) make reports, upon Owner's request, but not less
than annually, to Owner of the kinds and amounts of insurance coverage in force, the
expiration dates thereof, and the premium costs thereof.
At all times during the term of this Agreement, the City of Kennedale, Texas ("City")
shall keep in full force and effect one or more policies of commercial general liability and
property damage insurance with respect to the Property, and the business conducted by
Owner, or Agent on behalf of Owner, upon the Property. The limits of liability coverage
shall not be less than $500,000.00 per person and $1,000,000.00 per accident and the
property damage liability coverage shall not be less than $1,000,000-00. The
commercial general liability policy shall name Owner as insured and Agent as additional
insured, and shall contain a clause that the insurer will not cancel or change the
insurance without first giving the Agent at least ten (10) days prior written notice. If
Owner refuses or neglects to secure and maintain such insurance policies, Agent may,
but shall not be required to do so, secure and maintain such insurance policies and the
premiums for such insurance coverage shall be paid as an expense of the Owner,
payable from the Operating Accounts.
At all times during the term of this Agreement, the Agent shall keep in full force and
effect one or more policies of commercial general liability insurance covering the
business conducted Agent on behalf of Owner upon the Property. The limits of liability
coverage shall not be less than $500,000.00 per person and $1,000,000.00 per accident
and the property damage liability coverage shall not be less than $1,000,000.00. The
commercial general liability policy shall name the Agent as insured and the Owner as
additional insured, and shall contain a clause that the insurer will not cancel or change
the insurance without first giving the Owner at least ten (10) days prior written notice.
Agent shall cooperate with and provide reasonable access to the Property to agents of
any and all insurance companies and/or insurance brokers or agencies who may, from
time to time, be involved with the issuance of insurance policies or with inspections of
the Pi 6 perty in connection with insurance policies then in force.
Agent shall make, if requested by Owner and in the name Owner,
pa yments of
insurance premiums.
Agent shall maintain a suitable business office with such management, secretarial and
bookkeeping personnel as may be required to maintain such office and the books and
records to adequately perform the terms of this Agreement and reflect the transactions
Incidental to the operation and maintenance of the Property.
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Agent shall use due diligence in the exercise of the power and duties conferred and
assumed under this Agreement and in the operation, management and maintenance of
the Property for, the period and upon the terms herein provided.
. .
Agent shall operate the Property and make expenditures pursuant to this Agreement in a
manner in accordance with the budgets submitted to and approved by Owner. Except for
emergency expenditures, any expenditures or commitments which are not in accordance
with the approved budgets must have approval from Owner.
Agent shall, on behalf of Owner, ascertain the requirements of all governmental taxing
authorities lawfully entitled to levy or assess any tax or any other government charge or
imposition upon the Property or use thereof. Agent hereby acknowledges and agrees
that Owner, as a 4B Economic Development Corporation organized under article 5190.6
of the Act, is exempt from paying property taxes and therefore, any levy, assessment,
tax or other governmental charge or imposition upon the Property, if any, shall be
passed through to the tenants of the Property. Agent shall promptly forward to Owner
any and all tax assessments and tax bills related to the Property. Agent shall notify
Owner, if possible, at least ten (10) days prior to such taxes becoming delinquent.
Owner shall be liable for such taxes only if: (1) such taxes or any portion thereof cannot
be passed through to the tenants; and (2) it determines, after consultation with its legal
counsel, that it is liable for such taxes as a matter of law.
V. Compliance With Laws
Agent shall use its diligent efforts to cause to be done in or about the Property all acts
and things which are necessary in order to comply with federal, state or municipal order,
rules, regulations, ordinances, or statutes affecting the Property and orders of any board
of fire underwriters or other similar body, subject to the limitations contained hereinabove
regarding maximum amounts or contracts requiring Owner's prior written approval.
Agent -shall promptly notify Owner of all notices it receives regarding governmental
requirements affecting the Property. Agent shall obtain and maintain current all licenses
and /or permits as shall be required_ in the operation and maintenance of the Property. .
Agent shall with prior consultation and approval of Owner engage attorneys,
accountants, ad valorem tax consultants, data processing personnel, architects,
engineers or other persons furnishing services reasonably required in connection with
the discharge of Agent's duties hereunder, on behalf of the Owner, and pay the
reasonable charges for all such services from Owner's funds.
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X. SerrWce Notice
Agent shall (1) promptly notify Owner of any notice of violation of any governmental
requirement relating to the Property or of any defect in the Property; (2) promptly notify
Owner of any fire or other damage to the Property and to complete customary loss
reports in connection with such damage to the Property; (3) promptly file such reports
with the insurers and Owner; and (4) promptly notify Owner's general liability insurance
carrier and Owner of any personal injury or property damage occurring to or claimed by
any tenant or third party on or with respect to the Property.
Y. Agent's Signaae
Agent shall be permitted to install, at its sole cost and expense, sign(s) identifying
Agent's management and /or leasing of the Property. Location of said sign shall be at a
place mutually acceptable to Owner and Agent.
Z. Tenant Improvements
Agent shall manage and supervise construction of tenant improvements.
WEN
Agent shall not be required under the terms and provision of this Agreement to render
any of the following services:
A. The planning, developing, financing or supervision of construction for any
additional building or land which may hereafter be added to or become a part of
the Property from time to time; however, such service may be performed by
Agent subject to written agreement between Owner and Agent for such additional
services at the rate of two percent ( 2 %) of expenditures.
S. Services requiring a substantial expenditure of time in connection with litigation,
arbitration or mediation other than suits for the collection of rent or the
enforcement of leases, whether such litigation, arbitration or mediation shall be
instituted by Owner, by tenant or others.
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RIP
A. Expenses and Expenditures
Agent will be reimbursed by Owner from the Operating Account each month for the
following listed expenses and expenditures incurred or accrued by Agent in the operation
of the Proper'Cy�
1. All direct labor and contract costs, and all materials, supplies, equipment, tools,
components, and related systems and parts with respect to the maintenance,
repair, improvement and operation of the Property.
2. Operating costs and expenses of supplies, materials, equipment, project
stationery, forms, books and records, all with respect to the Property or other
locations'approved by Owner, and audited financial statements and certifications
thereof as may be required by this Agreement.
3. All necessary equipment, tools and supplies, whether purchased, leased or
otherwise acquired for the performance by Agent of the duties required hereunder
for the operation of the Property pursuant to this Agreement.
4. All other ordinary and necessary expenses or expenditures paid or accrued in the
operation of the Property pursuant to the Budget.
5. All monies which Agent may elect to advance for the Owner for expenses which
Owner is required to pay under this Agreement; however, Agent will not be
obligated to make such advancements.
B. Management Fee
For the services rendered by Agent pursuant to this Agreement, and in addition to other
fees and reimbursements to Agent as set forth in this Agreement, Owner shall pay Agent
monthly, in arrears, a management fee in an amount equal to 4% of gross revenues
received each month from operation of the Property, but in no event shall such monthly
fee be less than $500.00. All such fees are due and payable by the last day of each
month shall have the authority to make such payments on Owner's behalf from
the Operating Account, so long as such payments are made in accordance with the
terms and conditions of this Agreement.-
Gross revenues shall include all monies collected in the course of business specifically
excluding security deposits, collection from lawsuits, insurance, and condemnation
proceedings, capital contributions by Owner and tax refunds.
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C. Leasing Commissions
Owner grants to Agent the exclusive right to lease the Property and Owner shall
compensate Agent for its services as Leasing Agent in accordance with the following:
1. Comi °tislons on Initial Leases - Commission equal to Four percent (4 %) of the
Aggregate Total Base Rental provided in the Lease Agreement for the initial term
shall be paid to Agent where Agent was the "procuring cause" of the initial lease.
2. Commissions on Lease Renewals - Commission equal to Two percent (2 %) of
the Aggregate Total Base Rental provided in the Agreement for the renewal term
shall be paid to Agent where an existing tenant renews a lease for its existing
premises, including the exercise of an option to renew.
3. Commissions on Tenant Expansion - For the purpose of determining
compensation under this Agreement, tenant expansions shall be considered as
an initial lease hereunder; however, such commission shall only be applicable for
the net increase in tenant's square footage. Furthermore, the same method of
determining Agent's commission shall be used if an existing tenant relocates
within the Property for the purpose of expanding.
4. Commissions on Month -To -Month Lease - A commission equal to one -half ( %z)
of the first month's rental, when a tenant initially occupies the premises on a
"month -to- month" basis; however, such commission shall not be less than
$250.00.
5. Commission When Other Brokers Are Procurina Cause - A commission
equal to Six percent (6 %) of the Aggregate Total Base Rental provided in the
Lease Agreement for the initial lease term shall be paid to Agent when an
outsider broker (i.e. not an employee of Agent) is the "procuring cause" of the
lease as defined by the laws within the state the Property is located. Agent shall
indemnify Owner against any commission liability to such outside broker. A
commission equal to Four percent (4 %) of the Aggregate Total Base Rental
provided in the Lease Agreement for the renewal term shall be paid to Agent
when an outside broker has been appointed as the tenant's exclusive agent for
the renewal and Agent shall indemnify Owner from any commission claims from
such outside broker with respect to the renewal.
6. Definition of Aggregate Total Base Rdntal - Aggregate Total Base Rental shall
mean all guaranteed minimum rent provided for in the primary term of the lease.
Percentage rental and additional rent is excluded from this definition.
7. Leasing Commissions - Leasing commissions due Agent will be earned and
paid one -half upon signing of the lease and one -half upon tenant's opening for
business. All commissions and other sums are payable to Agent in Richardson,
Dallas County, Texas.
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8. Leasing Expenses - In addition to the commissions provided herein, Owner shall
pay to or reimburse Agent for the following expenses:
a. Advertising and promotion expenses paid by Agent as set forth in t
approved Budget, or as otherwise approved by Owner. I
b. Space planning expenses paid by Agent as set forth in the approved
Budget, or as otherwise approved by Owner.
C. Special events and promotions, subject to prior approval by Owner.
d. Any other special marketing projects which are approved by Owner.
e. Any legal expenses incurred in connection with lease preparation and
negotiations which are pre - approved by Owner.
f. Travel expenses (excluding entertainment expenses) which are pre -
approved by Owner.
5. AUTHORITY
Agent is vested with such general authority and powers as may be necessary or
advisable to carry out the intent of this Agreement.
Agent agrees to protect, defend, indemnify and hold the Owner and the Property
harmless from and against any and all loss, cost, damage, liability and expense
(including court costs and reasonable attorneys' fees) arising out of (i) obligations or
liabilities of Owner incurred by Agent or any of its employees or agent, other than those
expressly permitted hereby to be so incurred by Agent, (ii) a breach of this Agreement by
Agent, (iii) the failure of Agent or any of its agents, officers, or employees to perform
Agent's duties and obligations under this Agreement in accordance with the terms hereof
or (iv) any negligence, willful misconduct or fraud of Agent or any of its agents, officers or
employees.
A. - If a claim is made against Agent by a third party; and such claim arises as a result
of Owner's acts or omissions in the performance of this Agreement or Agent's acts or
omissions in its performance on behalf of Owner of this Agreement, as expressly
permitted hereby (the "Claim "), then Owner and City agree to request that pursuant to
the commercial general liability insurance or property insurance policies to be maintained
under Section 2.Q, whichever is applicable, that their respective insurance carriers
protect, defend, indemnify, and hold Agent harmless from and against any and all loss,
cost, damage, liability and expense (including court costs and reasonable attorney's
fees) arising out of such Claim.
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C. If the Claim is not covered by any of the City, Owner, or Agent's insurance
policies, then Owner agrees to reimburse Agent for Agent's reasonable legal expenses
incurred (up to the sum of $25,000.00) defending claims from third parties that may arise
as a result of Owner's acts or omissions in its performance of this Agreement or Agent's
performance on behalf of Owner of this Agreement, as expressly permitted hereby.
D. It is not the intent of Section 7 to limit or waive any of Agent's duties and /or
responsibilities as outlined further in this document.
A. 'Termination By Either Partv
1. Either party shall have the right to terminate this Agreement upon thirty (30) days'
prior written notice.
2. Either party shall have the right to terminate this Agreement upon ten (10) days'
prior written notice in the event of a sale or exchange of all or any portion of the
Property, or substantial destruction of the Property.
3. If either party hereto shall file a petition in bankruptcy, or be granted relief under
the Bankruptcy Code of the United States of America, or make an assignment for
the benefit of creditors or like arrangement or composition or file a petition in the
federal court for reorganization or otherwise seek relief under any bankruptcy or
insolvency law, federal or state, or be placed in the hands of a receiver or trustee,
then this Agreement is terminated.
4. If either party hereto fails to comply with any rule, order, determination, ordinance,
.---or law of any federal, state, or municipal authority, the other party may terminate
this Agreement upon ten (10) days prior written notice.
Owner shall have the right to terminate this Agreement immediately upon giving written
notice to Agent in the event of gross negligence, willful misconduct or fraud by Agent in
the performance of any provisions of this Agreement. In such event, all obligations of
Owner to Agent shall immediately terminate, and Agent shall be deemed to have
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forfeited any outstanding fees and commissions earned by Agent, including
reimbursements of all amounts provided herein, prior to and including the effective date
of termination.
3v
Agent shall have the right to terminate this Agreement in the event of Owner's breach of
its obligations under this Agreement which shall not have been cured within 7 days after
Owner's receipt of Agent's written notice thereof.
Agent shall cooperate with Owner in notifying all tenants of the Property of the expiration
and termination of this Agreement by written notice sent by certified mail, return receipt
requested, and Agent shall cooperate with Owner to accomplish an orderly transfer of the
operation and management of the Property to a party designed by Owner. Agent shall, at
its sole cost and expense, promptly remove from the Property all signs indicating that
Agent is the managing agent. Agent shall provide a final accounting and shall transfer all
books, records, leases, keys and other materials belonging to Owner, and shall, within
thirty (30) days after termination, deliver a list of prospective tenants whom Agent (or
others working by or through Agent) has introduced to the Property (the "Qualified
Prospects "). If the Qualified Prospects have demonstrated an interest to lease any
portion of the Property, then Agent shall be entitled to the scheduled commission for any
lease executed by Owner and any Qualified Prospect within one hundred eighty (130)
days after termination of this Agreement, payable as provided above, unless this
Agreement is terminated by Owner in accordance with section 7.13 above, in which case
no commission shall be due to Agent.
9. CONFIDENTIALITY
Agent shall hold in strict confidence
concerning the Property furnished to or
gathered from Owner's books or record s
statement on behalf of Owner, to the
approval in each and every instance.
all information related to Owner's business
obtained by Agent in the form of information
. In no event shall Agent issue or make any
press or other media, without Owner's prior
10. ASSIGNMENT
Agent may not assign its interest in this agreement without the prior written consent of
the Owner, except as may be otherwise specifically provided herein.
Agent is not and never shall be liable to any creditor of the Owner.
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Nothing contained in this Agreement or in the relationship of Owner and Agent shall be
deemed to constitute or be construed to be or create a partnership or joint venture
between Owner and Agent.
in
Failure by Owner or Agent at any time to exercise any right or remedy herein granted or
established by law shall not be deemed to operate as a waiver of its right to exercise
such right or remedy at any other future time.
j i n ;
Owner and Agent shall comply with all statutes, ordinances, laws, rules and orders of any
federal, state, or local government or department or office thereof having jurisdiction in
the Property respecting the use, operation, maintenance and construction thereof.
15. GOVERNING LAW
If any one or more of the covenants, agreements or provisions of this Agreement shall be
determined by a court of competent jurisdiction to be invalid, the invalidity of such
covenants, agreements and provisions shall in no way affect the validity or effectiveness
of the remainder of this Agreement and this Agreement shall continue in force to the
fullest extent permitted by law. This Agreement shall be governed by the laws of Texas
and all parties hereto submit to mandatory jurisdiction in Tarrant County, Texas.
ils
Any notice which Agent may desire or be required to give to Owner shall be deemed
sufficiently given or rendered if, in writing, delivered to Owner by courier, electronic mail
or facsimile, with evidence of delivery, or by certified or registered mail, return receipt
requested and addressed to Owner as follows:
OWNER: KENNEDALE ECONOMIC DEVELOPMENT CORP.
Attn: Director
405 Municipal Drive
Kennedale, TX 76060
817 -572 -1171
r . E -Mail: msoab cityofkennedale.com
r ; 817 -478 =7169
.
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i ! Any notice which Owner may desire or be required to give to Agent shall be deemed sufficiently
given or render if, in writing, delivered to Agent by courier, electronic mail or facsimile, with
evidence of delivery, or by certified or registered mail, return receipt requested and addressed to
Agent as follows:
AGENT: QUINE & ASSOCIATES, INC.
Attn: Brad Quine
301 Sherman, Suite 100
Richardson, Texas 75081
FAX: 972.783.8901
E ®Mail: bquine @quine.com
Tel: 972.669.8440
In the event of any dispute between the parties hereto arising out of or in connection with
this Agreement, the prevailing party shall be entitled to recover from the other its
reasonable attorneys' fees and costs incurred in connection therewith.
18. MULTIPLE COUNTERPARTS
This Agreement may be executed in multiple counterparts, each of which shall be
regarded for all purposes as an original constituting one and the same instrument.
19. ENTIRE AGREEMENT
This Agreement and the exhibits attached hereto constitute the entire agreement of the
parties hereto regarding the subject matter hereof, and may not be amended or modified
except by written instrument signed by the parties hereto.
20. BINDING EFFECT
This Agreement shall be binding upon the parties hereto, their legal representatives,
successors and assigns, and may not be changed except by agreement in writing.
21. STATUTORY NOTICE
Owner acknowledges that Broker has advised it that before entering into any transaction,
the Owner should have an abstract covering the Property examined by an attorney
selected by Owner, or Owner should be furnished with or obtain a policy of title
insurance.
�_ - AO.
An Intermediary Disclosure Addendum is attached hereto and incorporated herein and
Owner herewith authorizes Agent to act as an intermediary.
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed the
day and year first above written by their officers thereunto duly authorized.
a
N,
ECONOMIC DEVELOPMENT
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Title: President
A real estate broker who acts as an inter between parties in a
transaction-
landlord will accept a price less than the a rice unless
otherwise instructed in a s% parate writing by or
landlo
2. may not disclose to the seller or landlord that the buyer or tenant will
vav a price treater than the price submitted in a written offer to the
seller or landlord unless otherwise instructed in a separate writing by
the buver or tenant;
3. may not disclose any confidential information or any information a
party specifically instructs the real estate broker in writing not to
disclose unless otherwise instructed in a separate writing by the
respective party or required to disclose such information by the
Texas Real Estate License Act or a court order or if the information
materially relates to the condition of the property,
4. shall treat all parties to the transaction honestly and
5. shall comply with the Texas Real Estate License Act
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EXMIT A
HENNEDALE — G CENTER
KEK EDALE, TEXAS
LEGAL (DESCRIPTION
City of Kennedale, Tarrant
County, Texas,
e PJ A) e®A L f R e - Or P' Af'r
o �
4A
Y� m� ,
October 5, 2009
Quine & Associates, Inc.
301 S. Sherman St., Suite 100
Richardson, Texas 76081
( /l - "U C C.:
(3-t
Dear Mr. Quine: w - - `
Please accept this letter a notification to terminate the Kennedale TownCenter
management contract between the Kennedale Economic Development Corporation and
Quine & Associates effective November 30, 2009.
We appreciate the working relationship with you over the past three years. Please let me
know the best way to obtain our records. I thank you in advance for your assistance.
Sincerely,
r
Bob Hart _ JC) VC_ l
Executive Director 71 __
To KEDC Board of Directors
Date: July 17, 2009
Agenda Item No: I.
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 s u e an® p�aing
workshops and /or special meetings, as well as discuss th August 18, 2009 reg 'lar
meeting date to see if there is a need to reschedule.
PWVA
Recommendation:
RZIMIrm
To KEDC Board of Directors
Date: July 17, 2009
Agenda Item No: IV.
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, including P &Z action and the 2009
NCTCOG Sustainability Grant Program;
2. CGI Communications video project;
3. MMD Bill start-up; and
4. Orasi Development report.
Recommendation:
n .. A -
To KEDC Board of Directors
Date: July 17, 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:
60
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