2009_09.22 EDC Agenda PacketCITY OF KENNEDALE, TEXAS
OFFICE OF THE CITY SECRETARY
KEDC ROLL CALL
DATE: SEPTEMBER 22, 2009
START TIME: PM
END TIME: PM
ROLL CALL:
CITY STAFF PRESENT:
PRESENT
ABSENT
PRESIDENT
ROBERT MUNDY - P4
C�
VICE PRESIDENT
BEV ERLY HAYES - P3
t
BOARD OF DIRECTOR
DARRELL ERWIN - Pl
BOAR OF DIRECTOR
DOU G PARKER - P2
BOAfRb OF DIRECTOR
DONNIE GRAHAM - P5
BOARD OF DIRECTOR
MARK YEARY - P6
BOARD OF DIRECTOR
REBECCA MOWELL - P 7
CITY STAFF PRESENT:
J acfl'- 1 1'14 AP of�
a c P d
PRESENT
ABSENT
CITY MANAGER
BOB HART
C�
CITY SECRETARY
KATHY TURNER
SAKURA M. DEDRICK
DIR. OF FINANCE
J acfl'- 1 1'14 AP of�
a c P d
1�A
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF . _.S
KENNEDALE, TEXAS
Notice is hereby given that a Regular Meeting will be held by the Kennedale Economic
Development Corporation Board of Directors on the 22" day of September 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:
myl
(SEE ATTACHED AGENDA)
Dated this 18 day of September 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 September 18, 2009 at 3:00
o'clock P.M., and remained so posted continuously for at least 72 hours preceding the
scheduled time of said Meeting.
Persons with disabilities who plan to attend this meeting and who may need
auxiliary aids or services such as interpreters for persons who_ are deaf or hearing
impaired, readers, large print, are requested to contact the undersigned at (817) 985.2104
five (5) work days prior to the meeting so that appropriate arrangements can be made.
e`,\t<<�nuiUaUaa a
or W thJs the
A
4 m esas ® e
� < o
18 day of September 2009.
By:
Kathy Turn r, TRMC /CMC
City Secretary
AGENDA
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — SEPTEMBER 22, 2009
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
7:15 PM
I. CALL TO ORDER
II. ROLL CALL
III. REGULAR ITEMS
A. Review and consider action to approve regular meeting minutes dated August 18,
2009.
B. Review KEDC Financial Reports.
C. Review and consider support for 2009 NCTCOG Sustainability Grant Program.
D. Review and consider action to change date and time of future meetings.
IV. STAFF ANNOUNCEMENTS/REPORTS
A. KEDC Executive Director Announcement /Reports
1. Joint meeting with the City Council on Thursday, October 8, 2009 at 5:30
p.m.
2. Retail Development
• Kennedale TownCenter Activities
• Bowman Springs Road
3. Industrial Development
• FWT, Inc.
• H & O Die Supply
• Jetbridge Technology
4. CGI Communications Video Project
5. Orasi Development Report
V. PRESIDENT/BOARD ANNOUNCEME NTS/REPORTS
A. President Announcements /Reports
1. Report agenda items to be posted for future meetings.
VI. ADJOURNMENT
Page 1 of 1
Staff Report
To KEDC Board of Directors
Date: September 17, 2009
Agenda Item No: III -A
Subject: Review and consider approval of meeting minutes.
Originated by: Kathy Turner, KEDC Secretary
Summary: A draft copy of the meeting minutes dated August 18, 2009 are attached for your
review and consideration.
Recommendation: Recommend Approval.
Disposition by KEDC Board of Directors:
308
KENNEDALE
405 MUNICIP
I. CALL TO ORDER
II.
III.
RENT CORPORATION
ORS
UST 18, 2009
MUNICIPAL BLDG.
President, Robert Mundy called the meeting to order at 7:16 p.m.
ROLL CALL
Secretary, Kathy Turner called roll with the following board members present/absent:
Present: Robert Mundy
President
Doug Parker
Board Member
Donnie Graham
Board Member
Mark Yeary
Board Member
Darrell Erwin
Board Member
Absent: Beverly Hayes
Rebecca Mowell
Vice - President
Board Member
Staff members present included:
Bob Hart
Crystal Tort
Kathy Turner
REGULAR ITEMS
Executive Director
Accounting Generalist
Secretary
A. Announce closure of public hearing for proposed KEDC 2009 -2010 fiscal year
budget and projects.
President, Robert Mundy announced that no petitions and /or objections had been
received within the 60 day period of announcing the project expenditures, which
began June 2, 2009; the date of the public notice, and closed the public hearing at
7:17 p.m.
B. Review and consider action to approve regular meeting minutes dated July 21,
2009.
Darrell Erwin moved to approve regular meeting minutes dated July 21, 2009 as
submitted, second by Donnie Graham. Motion carried (5 -0).
kill!]
C. Review and consider action to approve KEDC Financial Reports.
Darrell Erwin moved to approve the June 2009 KEDC Financial Reports as
presented, second by Mark Yeary. Motion carried (5 -0).
D. Review and consider action to authorize an additional expenditure of $10,000.00 to
Cypress Properties for supplemental work for TownCenter project.
Doug Parker moved to authorize an additional expenditure of $10,000.00 to
Cypress Properties for supplemental TownCenter project work, second by Mark
Yeary. Motion carried (5 -0).
E. Discuss photo survey results and recommendations.
No discussion took place on this item.
F. Review and consider action to change date and time of future meetings.
President, Robert Mundy recommended the September 15 meeting be moved to
September 22 due to a conflict with Executive Director, Bob Hart's schedule. All
members present concurred with the date change to September 22, 2009.
IV. STAFF ANNOUNCEMENTS/REPORTS
A. KEDC Executive Director Announcement /Reports
Update on Kennedale TownCenter activities, including Council action and
the 2009 NCTCOG Sustainability Grant Program.
Bob Hart, Executive Director reported that the Planning and Zoning
Commission, as well as the City Council approved the re -plat and re- zoning
application for the TownCenter to Planned Development with predominately
underlying C -1 Restricted Commercial uses. Hart indicated that the re-
platted lots consist of 8 lots with Cypress Properties retaining lots 1 through
7, and the EDC retaining lot 8.
Next, Hart advised that the approved ordinance contained a stipulation that
the KEDC and MMD Board approve all final design elements to ensure that
the development adheres to the city's guidelines and vision.
2. Potential EDC related projects — QuikTrip Visual Grant and Jetbridge
Technology.
Bob Hart, Executive Director advised on potential grant opportunities for
QuikTrip and Jetbridge Technology. Hart indicated that the City Council
raised an issue for the EDC to assist with a visual grant for QuikTrip for the
building of brick columns under the canopy, as QT was willing to build a
Welcome to Kennedale monument sign for the entrance into the City.
310
In addition, Hart disclosed that Jetbridge Technology had relocated to the
south part of town operating in a residential neighborhood, and were in
violation of city codes. He replied that he was meeting with business
owners, and would provide additional information during the September
meeting in regards to possible assistance from the EDC for relocation.
Update on CGI Communications video project.
Bob Hart, Executive Director reported that the CGI Communications video
would shoot in September, and include a welcome testimonial, quality of life,
real estate and relocation, education, business development, and commercial
development testimonials.
4. Update on marketing materials.
Bob Hart, Executive Director informed the board of an upcoming North
Texas Members Luncheon to be held on the field at Cowboy Stadium on the
22 °a day of September. He indicated discussions would include economic
development activities, and would like a strong representation of several
council and KEDC members to attend.
Orasi Development reports.
Michael Henning representing Orasi Development was present and advised
no additional reports were available, but would address the EDC Board in
executive session regarding the TownCenter development agreement.
V. PRESIDENT/BOARD ANNOUNCEMENTS /REPORTS
A. President Announcements /Reports
Report agenda items to be posted for future meetings.
With no agenda items to be posted for future meetings, President, Robert
Mundy recessed the meeting at 8:09 p.m. to enter into executive session.
VI. EXECUTIVE SESSION
A. The Board of Directors will meet in closed session pursuant to Section 551.072 of
the Texas Government Code to deliberate the purchase, sale, exchange, lease, or
value of real property.
Discuss TownCenter Development Agreement
VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY
PURSUANT TO EXECUTIVE SESSION, IF NECESSARY.
President, Robert Mundy reconvened into open session at 9:08 p.m., with no action
necessary on executive session.
311
VIII. ADJOURNMENT
There being no further discussion, President Mundy asked for a motion to adjourn.
Darrell Erwin so moved, and Mark Yeary seconded the motion with all members present
voting in favor. Motion carried (5 -0). Meeting adjourned at 9:09 p.m.
APPROVED:
President, Robert Mundy
ATTEST:
Kathy Turner, EDC Secretary
7l'%a �� //
To KEDC Board of Directors
Date: September 18, 2009
Agenda Item No: III -B
Subject: Review KEDC Financial Reports
Originated by: Kathy Turner, Secretary to EDC
Summary: Director of Finance, Sakura Moten- Dedrick is out on vacation this week with
her family. She has attempted to download financial reports on her personal
computer from her hotel room, but the connection speed is very slow.
Therefore, board members will be furnished financial reports via email upon
her return.
Recommendation:
C
b
I A -e- e 4'
ac
�r�t�i
To the Members of the Park Board
Date: September 22, 2009
Agenda Item No:
Subject: DISCUSS AND REVIEW JULY 2009 EDC FINANCIALS
Originated by: Sakura Moten- Dedrick
Summary:
Budget /Amendment
N/A
Year -To -Date
• Sales Tax: Please see attached charts (Monthly Graph, 3 -Year Historical Graph, 10 -Year
Historical Data).
• Investment Income: Both interest rates and our revenue returns have decreased significantly
compared to this same time last year.
• Rental Income: Slight increase in revenue over this time last year. Please see attached Year -To-
Date Summary Report provided by Quine & Associates. Data provided from Quine goes
through the month of Aug, but for purposes of this report, only data through Jun required.
• Other Income: $481K consists of $354K for TML Roof Insurance Claim Reimbursement and
$127K Gas Well Licensing Fee received in Feb 09.
• Personnel Costs: EDC Director position was eliminated in the current year, and this is why
expenses are lower over this time last year.
• Service: Contractual Services expenses for this year represent only those costs tied directly to
the Town Center Plaza construction. Expenses should be $121K and remain as such; however,
approximately $3500 coded incorrectly to this line; Orasi services should have hit Special
Services. Correction will be reflected on next month's report. Legal Services and Special
Services expenses higher in current year due to payments related to Town Center
Redevelopment, TIFF and MMD. Admin Service Charge expenses also higher in current year
due to staff completion of reimbursement from EDC to General Fund on a regular monthly
basis versus quarterly or even annually as in the past.
• Grants /Incentives: Significant decrease in expenses over this time last year. In Feb of this year,
we have paid out approximately $5K to Interior & Exterior Improvements. We have also paid
out approximately $32K for the Old City Hall Redevelopment.
• town Center: We are lower in expenses compared to this time last year; however, expenses are
trending normally.
Estimate
• Staff has made the items below available in the FY09 -10 Proposed Budget.
BUDGET
JULY 2009
Y -T -D
Operating Revenues
532,211
17,993
885,164
Operating Expenditures
(1,040,207)
(13,906)
(466,733)
Operating Income /(Loss)
(507,996
$ 4,087
$ 418,431
Nonoperating Revenues /(Expenses)
Interest Earnings
50,000
433
8,903
Transfers -In
-
-
(Transfers -Out)
-
-
-
Net Operating Income / (Loss)
(457,996)
4,519
427,334
Beginning Fund Balance (as of Oct, 1st)
1,215,833
Ending Fund Balance
$ 1,643,167
MENNEG3.11E
REVENUES
SALES TAXES
INVESTMENT EARNINGS
FUND 95 INVESTMENT EARNINGS
RENTAL INCOME
OTHER INCOME
TRANSFERSIN
FY07.08
FY07 -08 YTD
8,903
FY08 -09
EST ACTUAL
July-08
PERCENT
BUDGET
FUND BALANCE CARRY FORWAR 1' 215 833
0100%
-
0.00%
4,358
331,269
262,463
79.23%
357,011
48,455
43,614
90.01%
50,000
-
-
0.00%
-
212,403
138,590
65.25%
175,200
-
-
0.00%
-
294
49.01%
0.00%
104,231
FY08 -09 YTD
July -09 PERCENT
249,679
69.94%
8,903
17.81%
-
0.00%
154,348
88.10%
481,136
0100%
-
0.00%
TOTAL EDC REVENUES $ 592,127 $ 444,667 75.10% $ 582;211 $ 894,067: 153.56%
PERSONNEL COSTS
110,172
84,767
76.94%
108,109
42,847
39.63%
SUPPLIES
9,107
6,857
75.30%
21,600
4,358
20.18%
MAINTENANCE
30
9
30.01%
1,000
-
0.00%
SERVICE
640,542
359,910
56.19%
327,371
209,724
64.06%
UTILITIES
978
849
86.79%
600
294
49.01%
GRANTS/ INCENTIVES
104,231
110,168
105.70%
100,001
36,417
36.42%
TOWNCENTER
47,770
41,010
85.85%
74,210
30,211
40.71%
CAPITAL
112,164
111,547
99.45%
207,316
111,309
53.69%
TRANSFER OUT
100,000
100,000
0.00%
0.00%
TOWN CENTER REDEVELOPMENT
-
200,000
31,573
15.79%
TOTAL EDC EXPENDITURES $
1,124,993
$ 815,117
72.46%
f 1,040,207
-466,733
44.87%
REVENUES
IN EXCESS OF
EXPENSES
(457,996)
ENDING FUND BALANCE: 757.837
ACCOUNT ACCT NAME
4001 -00 -00 PROPERTY TAX - CURRENT YR
4081 -00 -00 SALES TAX
4082 -00 -00 MIXED BEVRG SALES TAX
4401 -00 -00 INVESTMENT INCOME
4401 -00 -00 INVESTMENT INCOME (FUND 95)
4409 -00 -00 MISCELLANEOUS INCOME
4415 -00 -00 INSURANCE REIMBURSEMENT
4805 -01 -00 RENTAL FEES - SHOPPING CTR
4902 -00 -00 PROCEEDS - DEBT ISSUANCE
FY07 -08 FY07 -08 YTD FY08 -09 FY08 -09 YTD
ACTUAL July-08 PERCENT BUDGET July-09 PERCENT
327,488
258,683
78.99%
354,000
249,679
70.53%
3,780
3,780
ioo.00%
3,011
-
0.00%
48,455
43,614
90.01%
50,000
8,903
17.81%
-
-
0.00%
-
-
0.00%
0.00%
-
0.00%
0.00%
127,058
0.00%
7,167
80.30%
0.00%
-
354,078
0.00%
212,403
138,590
65.25%
175,200
154,348
88.10%
-
-
0.00%
78.08%
-
0.00%
REVENUES 592,127 444,667 582,211 894,067
5101 -01 -00 SALARIES ADMINISTRATIVE
76,120
59,369
77.99%
77,690
32,502
41.84%
5107 -01 -00 SALARIES- OVERTIME
5,738
4,319
75.27%
3,000
-
0.00%
5111 -01 -00 MOTOR VEHICLE ALLOWANCE
4,235
3,413
80.58%
4,800
1,278
26.61%
5114 -01 -00 LONGEVITY
-
0.00%
-
184
0.00%
5115 -01 -00 TMRS RETIREMENT SYSTEM
8,926
7,167
80.30%
9,344
3,871
41.42%
5116 -01 -00 UNEMPLOYMENT INSURANCE
45
45
100.00%
-
108
0.00%
5117 -01 -00 FICA BENEFITS
6,629
5,176
78.08%
6,540
2,598
39.73%
5118 -01 -00 HOSPITALIZATION /LIFE INSURANCE
5,754
4,795
83.33%
6,000
2,071
34.51%
5120 -01 -00 LIFE INSURANCE
173
144
83.33%
255
58
22.59%
5121 -01 -00 DENTAL
285
261
91.67%
360
142
39.53%
5122 -01 -00 VISION INSURANCE
86
79
91.67%
120
36
29.83%
5190 -01 -00 SALARIES OTHER
2,182
-
0.00%
-
0.00%
PERSONNEL
110,172
84,767
76.94%
108,109
42,847
39.63%
5220 -01 -00 UNIFORMS
218
218
100.00%
600
-
0.00%
5240 -01 -00 PRINTED SUPPLY
4,555
3,880
85.20%
14,000
2,875
20.53%
5260 -01 -00 GENERAL OFFICE SUPPLIES
754
537
71.20%
1,500
332
22.14%
5261 -01 -00 POSTAGE AND REIMBURSEMENT
871
774
88.86%
1,000
128
12.77%
5280 -01 -00 MINOR EQUIPMENT
1,870
663
35.46%
3,000
-
0.00%
5290 -01 -00 EXPENDABLE SUPPLY
841
786
93.47%
1,500
1,023
68.21%
SUPPLIES
9,107
6,857
75.30%
21,600
4,358
20.18%
5403 -01 -00 BUILDING MAINTENANCE
9
9
-
5440 -01 -00 OFFICE EQUIPMENT MAINTENANCE
21
-
000%
1,000
0.00%
MAINTENANCE
30
9
1,000
5501 -01 -00 ADVERTISING
980
980
100.00%
18,000
789
4.38%
5510 -01 -00 ASSOC DUES /PUBLICATIONS /MEET
3,844
3,844
100.00%
1,400
334
23.86%
5512 -01 -00 CONTRACTUAL SERVICES
563,913
351,204
62.28%
130,000
125,354
96.43%
5525 -01 -00 TRAINING /SEMINARS
34
9
26.47%
2,800
430
15.36%
5565 -01 -00 LEGAL SERVICE -CITY ATTORNEY
38
38
100.00%
25,000
21,636
86.54%
5567 -01 -00 AUDIT SERVICES
-
-
0.00%
3,000
3,000
0.00%
5569 -01 -00 IT SUPPORT
984
984
100.00%
-
0.00%
5570 -01 -00 SPECIAL SERVICES
9,585
607
6.33%
85,500
17,243
20.17%
5575 -01 -00 EQUIPMENT RENTAL
373
-
0.00%
1,000
-
0.00%
5578 -01 -00 TRAVEL
2,457
2,245
91.34%
7,450
254
3.41%
5580 -01 -00 ENGINEERING SERVICES
-
-
0,00%
-
-
0.00%
5595 -01 -00 ADMIN SERVICE CHARGE
58,334
0.00%
53,221
40,685
76.44%
5625 -01 -00 ISSUANCE COST
-
0.00%
-
-
0.00%
SERVICE
640,542
359,910
66.19%
327,371
209,724
64.06%
5585 -01 -00 TELEPHONE SERVICE
978
849
86.79%
600
294
49.01%
UTILITIES
978
849
600
294
5610 -01 -00 VISUAL GRANT
7,807
8,333
106.73%
100,000
36,417
36.42%
5615 -01 -00 FUNCTIONAL GRANT
96,423
101,835
105.61%
1
-
0.00%
GRANTS / INCENTIVES
104,231
110,168
100,001
36,417
TOWNCENTER EXPENSES
47,770
41,010
85.85%
74,210
30,211
40.71%
9/20/200911:56 AM
ECONOMIC DEVELOPMENT REVENUES AND EXPENDITURES
FY07 -08
FY07 -08 YTD
FY08 -09
FY08 -09 YTD
ACCOUNT ACCT NAME
ACTUAL
July-08
PERCENT
BUDGET
July -09
PERCENT
5621 -01 -03 COST OF ISSUANCE
-
-
0,00%
1,000
-
0.00%
5643 -01 -03 2007 CO INTEREST EDC
81,547
81,547
too.00/
81,316
81,309
99.99/
5644 -01 -03 2007 CO PRINCIPAL INTEREST
30,000
30,000
1oo.00%
30,000
30,000
1oo.00%
5800 -01 -00 LAND
617
-
0.00%
25,000
-
0.00/
5810 -01 -00 EDC ALTERNATE ROUTE- ENGINEERING
-
0.00%
-
0.00%
5811 -01 -00 DESIGN -NEW HOPE RD 12" WLINE
0.00
-
0.00/
5813 -01 -00 KENNEDALE ENTRANCE SIGN
0.00%
45,000
0.00
5820 -01 -00 BUILDING IMPROVEMENT
0.00%
25,000
0.00%
5861 -01 -00 MOTOR VEHICLES
-
0.00/
0.00/
CAPITAL
112,164
111,547
99.46/
207,316
111,309
63.69%
5714 -01 -00 TRANSFER OUT TO PARK DEDICATION
100,000
100,000
100.00%
-
-
0.00/
5795 -01 -00 TRANSFER OUT TO EDC RESERVE
-
-
0.00/
0.00^/
TRANSFERS
100,000
100,000
100.00/
#DIVl01
5570 -03 -00 SPECIAL SERVICES
-
-
0,00%
100,000
5,327
0.00%
5579 -03 -00 ARCHITECT /DESIGN SERVICES
0.00%
75,000
13,832
0.00%
5580 -03 -00 ENGINEERING SERVICES
0.00%
25,000
12,414
0.00%
TOWN CENTER REDEVELOPMENT
-
200,000
31,573
-
TOTAL EDC EXPENDITURES $ 1,124,993 $ 815,117 72.46% $ 1,040,207 $ 466,733 44.87%
9/20/200911:56 AM
Cash Flow 12 (Cash) KEN
TownCenter Kennedale - (KEN) 812412009
Oct 2008 - Aug 2009 10:64 AM
.Account
',OME
_4ntal Income
Tax Escrows
Insurance Escro
CAM Escrows
Late Fees
PR YR Insurance!
TOTAL INCOME 1
EXPENSES
General & Admini
Property Manage
Office Expenses
Bank charges
Electricity-CAM
Sweeping - CAM
Porter Service-C
Landscape - CA
Fire Sprinkler/Ala
Hard Surface Re
Asphalt-CAM
Elec. Supplies -
Mntc. Supplies -
Roofing Repair
R & -CAM
Total General & A
TOTALEXPENS
91
A
Nov
DO a
ar.-
Apr A
�M
Ju6:
Jul
ig
Total:
,154
18,836
16,036
16,036
16,036
16,036
15,990
16,036
13,664
13,518
18,564
177,791
,734
1,810
1,696
1,696
1,696
1,696
1,696
1,6961
1,601
1,601
1,791
18,713
134
179
115
116
115
115
115
115
64
64
166
1,297
,112
1,199
1,009
1,009
1,009
1,009
1,009
1,009
811
811
1,207
11,189
365
I
365
327
587
914
- 210,268
,498
22,023
19,182
18,855
18,855
18,855
18,809
18,865
16,0391
16,580
i
21,717
820
881
767
754
754
754
752
754
642
663
7,642
-6
17
17
18
46
.25
I .25
189
474
490
481
454
496
533
460
133
133
446
3,990
315
168
168
300
300
300
300
300
300
300
2,730
70
30
90
60
32
90
32
30
100
102
32
670
640
320
320
320
320
320
320
320
320
320
3,520
150
150
150
150
600
5,560
I
6,660
4.131
I
4,131
54
537
177
1,184
64
140
59
800
I
3,016
57
57
,026
355
731
606
i
3,616
40
70
110
,330
1,923
2,001
3,462
12,343
2,042
2,042
2,088
2,088
2,022
1,553
2,311
1,479
35,554
,330
1,923
2,001
3,462
12,343
2,022
1,553
2,311
1,479
36,664
1 168
20,101
17,181
16,393
6,512
16,813
16,721
16,833
14,486
14,269
20,2381
174,714
-1,584
-1,584
' 159
1,159
,920_
�
-17
-35 698
�
-15,393
-6,512
_
-16,813 _
_
-16,7211
___ -16,833
_
__ _
__
-138217 _Lmzu
,762
-18,911
-35,698
-15,393
-6,512
-16,813
-16,721,
I -16,833
-138,642
406
1,190
17,181
-20,305
-8,881
10,301
-92
T1 2
-
1 -2.348
14,269
20,2381
36,072
20
NET PROFIT/LO 1 16
ADJUSTMENTS '
Prepaid Rent In)
A/P buyer/selle I
lartner's Distri _ -1 2 ii _
CAL ADJUSTM I -11
CASH FLOW
C
O
O
cc
x
v
N
4)
Vf
O
O V)
0
a
0 0
u�
c
E 0°
a
O LL
>
N
u
.E
O
r_
O
u
LU
L
�r
N
® N
O
CD
iV d
N
\
o \ M
o (Yi
\
Cl)
(0
\ O
O
Lf
®� N MO
Y �
N N
s
CD
® o
\ O
\ ® (7 M
\ (fl
\ N
® N
1
y
N
O
co
O M
' Ch lfJ
O
M®
N
\\
m
\ co
\ M
tc� er
N
M
_O
O
M /
u,
m co
Lo
d rr)
e✓ N
_...
Cl)
�y \
M 4
M
Lo \
O
of N
M N
tyi
N
CD CD 0 0 CD
O O O O O O
O O O O C O
't N Oo N N LO
tf} tf} toIr tf} tf} b4
CL
W
N
0
Q
J
Z
r
Q
Q
Q
I
Z
Q
U
W
o
O
Z
I—
U
O
a
F-
u
Q
a
0
ao
0
O
N
W
00
O.
O
co
O
0
N
i
0
w Q
cn =
r
U
Q
0%
U o
co
Q o
0
N
J
O
f .N
z�
> a�
a�
i�
Z
C Q
!L
Q
a
m
U-1
LL
z
Q
U
w
cl
O
z
U
O
I.-
W
_
m
O.-
O
co
O
O
N
t
B
t
a
r
a
00
0
0
0
N
Q
_
r
U
Q
t.
O
ao
O
0
N
° o ° o ° ° ° ° °
o o o o o
0 0 C 0 C 0 0
LO 't co m N N '7
� b9- 4191 � � �
m
Z
O
2
O
aLO
0
O O
U O
F �
W X
n g
JO W
W N
❑
W
p Q O ti O H O (O 00 (O 0D N h r
T00 � N M O O1 M N N O r h M eh (D N
O F N M M r M r N M N r M N 0
O M
N V)
W
e e e e e e e e e e e e
❑� (L1 M r 00 r 00 M h r n f• r
U O (t) M W O M N r 0 V'�' Ln LA
r
Z (A 0 0 0 0 0 0 0 0 0 0 0 0
M N 00 (D N N M (C) O
0000 00 etNr 00rMr04 M
U' J rN N Derr
_ tl' N 00 r M ti LA 00 {` n N Ln r
Z N O M Lf) M m h 00 M (C It M d' r
Q O z� .�.. .M...M....�_..r.. 00 .�..
0 J
M(D0 LO 00 It CA LO m d'
O) O M N U') r I- r N N Co 0
Q ❑Oti Oct NocW Lf)M t`
a0 F- N U[) u') to aD LO 00 0) O 00 N (D
C} N LO 00 O m LO h O M It a0 O
N
M m M LO (D M O O O ( dt d' r
O Q O1 O ct LO O (D CO (O m (D N ti r
0D ❑ N M O C M� N O � M d' (C/ N
O U N CO M M N CO N CO N M'
N ¢ LO
9 L j OD W LO I� M lC1 T Il N M N fD
Oct M LD r C) a0 L N M O (D cl r
00 CO CO (f) �t N CO (D tt I` CO N V) N 01)
�j N CO N N Cl) N N CO N CO 'It N M
N m
J 00 V' M h M W M h 00 Lo M� m M W -t
C ¢ Oc Lf) "t (D M o0 N N m 't Lf) N Lf)
ti❑ O M N 0 't O O M M M
N V N M N N N N N M N M M N M
J T- O O M (() 0 W r V O M N N
~ o¢ti - m �Mr rnm a) y r Ui
(D (p M (D m (D Lo N (o h W O L() M
° o U N t N N N N M N N N M M '
N Q
9 J m W� V N r M 47 m OD M It CO
¢"t N M V (O m C cc (O Ncl� M M Lq
NY O M Vt M L(') 'It It LO I'- V' L(') n N Ih
C'4
U M M N N M N N M N N M N M
' r O r N ( It LO 0 CO LW r 00 N n t. 00
O¢ Wi 00 Mr- o0 M m M 0 m N (D 00 00
❑ t` 00 M N M (D q to V N N N
O U N N N N Cl) N N m N N M N M
N Q
J O N m (D (D A W
M N (D Lf) r
M= (D M M r LO N M (D M LO O LO M W
O U N M NM N N M M N M N V
N ¢ M
® J co cM m m m W M
Q (D (D Or M 3t N
O L(1 M � (D M d' M m (D O� (O
N❑ Ln .4 M M N M O Ln N Ln N (D (A N
O U N M N N M N N M N N M N M '
N ¢
' 00 000 (D 0 O 0 O m ( m 0) (0
Q m C! cc cc M C) m e N c' 00 r 0
r= M m M M M It M O N r � M-4 O
O U N m N N Cl) N N M N N M N M '
N ¢
J O m N (O � LO (' M W m m 0 00 m
0¢ L(� I` O M V (1 i V' (= O M (D M (D
O M LL) Cl) O M N N r V) (D !t M
O U M co N N M N N Nt N N M N M r
N ¢ M
' M M 00 00 O N m
N O � r N O M N 00
G¢ �-- � O (O Lf) N N 0 O"t ti V r h
01 =) LL7 V N 'r M m W M O M d' Cl
U . - M N N N N N N N M N N Cl)
r ¢
H 1 U Z m Q Z J U D
0
O Z o-9 L Q n n Q (w
Staff Repot
To the Kennedale Economic Development Corporation
Date: September 18, 2009
Agenda Item No: III -C
Subject: Sustainable Development infrastructure grant
Originated by: Rachel Roberts
Summary: The North Central Texas Council of Governments ( "NCTCOG ") has requested
proposals for sustainable development grant funds. The proposals may be for planning projects or
for infrastructure projects. The City of Kennedale intends to submit a proposal for sustainable
infrastructure. For the purposes of this grant, an infrastructure project "is a construction project that
provides public infrastructure in the public right -of -way and can be used to support private vertical
development. Examples include pedestrian amenities, landscaping, intersection improvements,
lighting, street construction, [and] traffic signalization" (NCTCOG). If funded, the grant would
provide for a safer, more appealing pedestrian environment along the Parkway and along New
Hope Road from Third Street to the proposed rail station site. The intent of Kennedale's proposed
infrastructure improvements is to create a safer environment for pedestrians and cyclists, as well
as automobile drivers, and to create a connection between the two halves of Kennedale that are
currently separated by Kennedale Parkway. In addition, the pedestrian connections would link the
proposed rail station with TownCenter and with the neighborhoods surrounding Delaney
Elementary. The improvements would also complement the TownCenter project. Kennedale's
project proposal will include wide sidewalks and landscaping adjacent to TownCenter and Delaney
Elementary, as well as design improvements to intersections on Kennedale Parkway at Bowman
Springs and New Hope.
This will be a phased project, with grant funds requested for the first and largest phase.
This first phase, along the Parkway adjacent to TownCenter, is intended to provide a better
connection between the two halves of the city and to encourage pedestrian activity. Because
TownCenter is such an important project to our community, the city is especially concerned that
residents who cannot drive or who not wish to drive still be able to take advantage of the services
i
available at TownCenter and the adjacent municipal complex, such as the library, park, and senior
center. If the rail station is built, this public infrastructure can also serve as an entry feature for
automobile traffic heading toward the rail station, giving welcoming visual cues to commuters from
surrounding cities (e.g., Arlington, Mansfield) who plan to park in Kennedale and take the rail line
to work and who may not be familiar with the Kennedale center city area.
Grant overview:
The North Central Texas Council of Governments (NCTCOG) is renewing its efforts
to reduce auto emissions and support sustainable communities in the North Central
Texas region with the 2009 Sustainable Development Call for Projects. The program
is designed to foster growth and development in and around historic downtowns and
Main Streets, infill areas, and passenger rail lines and stations. To support this
effort, the Regional Transportation Council designated $41M for sustainable
infrastructure and planning projects throughout the region. [SOURCE: NCTCOG]
Timeline:
• Proposals must be submitted by 5 pm on October 2.
• Engineering and design would begin approximately six months after funds are received.
• Construction of infrastructure would begin approximately eighteen months after completion
of engineering and design.
• Construction of infrastructure is estimated to be completed eight months after start.
Amount Awarded:
• NCTCOG has $12.4 million available for infrastructure projects in Kennedale's sub-
region (includes Arlington and Fort Worth), to be divided among all awarded projects.
® The projects require a 20% match.
2
Staff Repot
To KEDC Board of Directors
Date: September 17, 2009
Agenda Item No: III -D
Subject: Review and consider action to change date and time of future meetings.
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 October 20, 2009 regular
meeting date to see if there is a need to reschedule.
Recommendation:
Disposition by KEDC Board of Directors:
Staff Report
To KEDC Board of Directors
Date: September 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
3. Industrial Development
• FWT, Inc.
• H & O Die Supply
• Jetbridge Technology
4. CGI Communications Video Project
5. Orasi Development Report
Recommendation:
Disposition by KEDC Board of Directors:
Staff Repot
To KEDC Board of Directors
Date: September 18, 2009
Agenda Item No: IV -A - 1
Subject: Joint meeting with the City Council on Thursday, October 8, 2009 at 5:30 p.m.
Originated by: Kathy Turner, Secretary to EDC
Summary: The Mayor and City Council is scheduling monthly meetings throughout the
year with the various board /committee members of the City. The primary
focus is to address any concerns, upcoming projects, as well as to receive
input from the board /commission committee members and reflect on the
direction of the board /commission committees.
For the month of October, City Council has requested to meet with the KEDC
Board of Directors. This meeting is scheduled to take place during the work
session on Thursday, October 8, 2009 from 5:30 p.m. to 7:00 p.m. in the
Council Chambers.
This meeting is informal so please feel free to make a listing of any items you
would like to address or ask of the Council.
Disposition by KEDC Board of Directors:
''
A iJVNEDALE
conomic Development Corporat °:n
405 Municipal drive
Kennedale, TX 76064
817.985.2142
Wl( w.,c ltyofkennedale-com
RIO, 4Z
og
r eA�
y4 LEGEND
e
ARK CONTRACTING SERVICES
2 EXCEL POLYMERS LLC
0 GOSS INTERNATIONAL
WC
GLOBAL SERVO HYDRAULICS, INC.
ffic
FWT, INC.
HARRISON JET GUNS, LP
Err ., •__.�.._ . —. _ __. flTl"c':1�"`.,i"_''.._,'�.� i ,
r WEAR MASTER, INC.
SPEED FAB- CRETE, `INC.
US GALVANIZING LP
REBAR SERVICE AND SUPPLY CO.
a 2E7
�� H &O DIE SUPPLY, INC.
�C_
1��4�
WhE'i pl i i��2'
w+tS1' = <,.rl��:tliLTft�m.
ya4
}t &W
O,rus
x .
a a
F6 ;fir
�'
k
_ea
m
WhE'i pl i i��2'
w+tS1' = <,.rl��:tliLTft�m.
ya4
}t &W
O,rus
Staff Report
To KEDC Board of Directors
Date: September 17, 2009
Agenda Item No: V.
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:
rw r
p 2
l� -die
NO v 4((kT101� �a2� �L222.��J � ll(p✓
23 Z�
evr �'c�ea q� ee �l s
im
VvIi u)-ak I'lelhd �o (4av tul jz���
i 4
°tor � �� - '5P � - ��
qoc,d pt���
Daltiv
`iR,uU s `cE��