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2010_04.13 EDC Agenda PacketAGENDA KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING -APRIL 13, 2010 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 March 25, 2010. B. Review KEDC Financial Reports. C. Review and consider action to award bid for parking, utility, and drainage improvements for Kennedale TownCenter. D. Review and consider action to assist the Keep Kennedale Beautiful Commission with funding for new signage. E. Discuss and finalize the TownCenter ground breaking — April 24` at 10:00 AM F. Review and consider action to change date and time of future meetings. IV. STAFF ANNOUNCEMENTS/REPORTS A. KEDC Executive Director Announcement/Reports 1. United States Fallen Heroes Memorial Foundation. 2. Board Appreciation Dinner — April 29 at 6:30 PM 3. Economic Analysis —May 4 th at 3:30 PM 4. Oak Crest Redevelopment Project —May 13 Council Meeting 5. Section House Restoration 6. 9 -11 Memorial 7. Economic Activity B. Orasi Development Report V. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS A. President Announcements/Reports 1. Report agenda items to be posted for future meetings Page 1 of 2 VI. EXECUTIVE SESSION A. The Economic Development Corporation will meet in closed session pursuant to Section 551,087 of the Texas Government Code to deliberate the offer of a financial or other incentive to a business prospect with which the city is conducting economic development negotiations. 1. Fallen Heroes Monument 2. 1000 E. Kennedale Parkway 3. 5500 W. Kennedale Parkway VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY. VIII. ADJOURNMENT Page 2 of 2 CITY OF KENNEDALE, TEXAS OFFICE OF THE CITY SECRETARY KEDC ROLL CALL DATE: APRIL 13, 2010 START TIME: ° , PM END TIME: PM ROLL CALL: CITY STAFF PRESENT: PRESENT ABSENT PRESIDENT / ROBERT MUNDY - P4 tf BOARD OF DIRECTOR BEVERLY HAYES - P3 BOARD OF DIRECTOR DARRELL ERWIN - Pl BOARD OF DIRECTOR DOURG PARKER - P2 VICE - PRESIDENT DONNIE GRAHAM - P5 BOARD OF DIRECTOR MARK YEARY - P6 BOARD OF DIRECTOR REBECCA MOWELL - P 7 CITY STAFF PRESENT: -� ( 1 zq P" 6 r6I PRESENT ABSENT CITY MANAGER ' s BOB HART V/ CITY SECRETARY KATHY TURNER SAKURA M. DEDRICK DIR. OF FINANCE -� ( 1 zq P" 6 r6I To KEDC Board of Directors Date: April 9, 2010 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 March 25, 2010 is attached for your review and consideration. Recommendation: Recommend Approval. Disposition by KEDC Board of Directors: ucl� WA I. CALL TO ORDER President Mundy called the regular meeting to order at 7:16 p.m. II. ROLL CALL Kathy Turner, Secretary called roll with the following persons present: Present: Robert Mundy Donnie Graharn Doug Parker Beverly Hayes Marl-, Yeary Rebecca Mowell Darrell Erwin Staff members present included: Bob Hart Kathy Turner Sakura Moten - Dedrick Jack Thompson III. REGULAR ITEMS 14 President Vice - President Board Member Board Member Board Member Board Member Board Member Executive Director Secretary Treasurer Orasi Development — Contract Provider Review and consider action to approve regular meeting minutes dated February 16, 2010. Marl ea y noved to approve regular meeting minutes dated February 16, 2010 as submitted, econd by Darrell Erwin. Motion carried unanimously (7 -0). Review KEDC Financial Reports. Salcura Moten - Dedrick, Treasurer addressed the January 2010 EDC Financials and fielded questions. Review and consider action to approve Independent Audit Report for year ended September 30, 2009. 333 Sakura Moten- Dedrick, Treasurer indicated the city's Auditing Firm, Patillo, Brown & Hill were not in attendance due to scheduling conflicts, and requested that the item be brought back before the board at the next meeting. D. Review and consider financial incentive to MasTec to open a distribution office in Kennedale. Darrell Erwin moved to offer MasTec a relocation assistance grant in an amount not to exceed $6,000.00, second by Donnie Graham. Motion carried unanimously (7 -0). E. Review and consider action to change date and time of future meetings — April 13 11 ' Bob Hart, Executive Director indicated that the bid opening for the TownCenter was scheduled for April 5, 2010, and recommended the EDC meeting be moved up to the 13 for consideration, which would put the EDC in position for the TownCenter Ground Breaking scheduled on the 20 of April. With no conflicts amongst board members, meeting will be scheduled for Tuesday, April 13 IV. STAFF ANNOUNCEMENTS/REPORTS A. KEDC Executive Director Announcement /Reports 1. Agreement with the United States Fallen Heroes Memorial Foundation. — Bob Hart, Executive Director indicated that the project was running smoothly, and that an ( announcement would come on Memorial Day at Ranger Stadium. 2. TownCenter ground breaking — April 24 at 10:00 AM — Bob Hart, Executive Director reminded the board of the upcoming TownCenter ground breaking. Board Appreciation Dinner — April 29 at 6 :30 PM — Bob Hart, Executive Director reminded the board of the scheduled board appreciation dinner that will be held in the Life Fellowship Church. B. Orasi Development Report — Jack Thompson, EDC contract provider updated the board on recent development meetings, and ground breaking of the TownCenter. V. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS A. President Announcements /Reports Report agenda items to be posted for future meetings — April 13 t1 ' Doug Parker requested an agenda item be added to the April 13 meeting to include consideration of funding to the Keep Kennedale Beautiful Commission for signage. Bob Hart, Executive Director invited the board to attend an Economic Analysis Report prepared by UTA on May 5 th at 3 p.m., and a joint workshop 334 with the City Council on May 13 ", in which UTA students would present a Capstone Project Report on Industrial and Redevelopment of Oak Crest. With no other items to report, President Mundy recessed the meeting at 7:57 p.m. VI. EXECUTIVE SESSION A. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of the Texas Government Code to deliberate the offer of a financial or other incentive to a business prospect with which the city is conducting economic development negotiations. 1. Fallen Heroes Monument 2. 1000 E. Kennedale Parkway 3. 5500 W. Kennedale Parkway VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY. President Mundy reconvened into open session at 8:36 p.m. A. Consider action on 5500 W. Kennedale Parkway. Beverly Hayes moved to approve the Resolution and any associated actions required authorizing Bob Hart, Executive Director to sign the contract for the property at 5500 W. Kennedale Parkway at the amount discussed in executive session. Doug Parker seconded the motion and all members voted in favor. Motion carried (7 -0). VIII. ADJOURNMENT There being no further discussion, President Mundy asked for a motion to adjourn. Rebecca Mowell so moved and Darrell Erwin seconded the motion with all members present voting in favor. Motion carried (7 -0). Meeting adjourned at 8:39 p.m. APPROVED: President, Robert Mundy ATTEST: Kathy Turner, Secretary To the Members of the EDC4B Board Date: Agenda Item No: Subject: Originated by: Summary: Budizet /Amendment N/A Year -To -Date April 13, 2010 III -B. DISCUSS AND REVIEW FEBRUARY 2010 EDC FINANCIALS Sakura Moten - Dedrick • Sales Tax: Revenues are lower this year in comparison to last year. The EDC has experienced approximately a 27% loss for the month of FEb compared to Feb of last year, and a 22% loss year -to -date compared to this same time last year due to the slowing of the economy (see Monthly Graph, 3 -Year Historical Graph, 10 -Year Historical Data). • Investment Earnings: Due to declining interest rates, revenues continue to be much lower compared to this same time last year. • Surplus Sales /Rentals: No significant change. • Personnel: EDC Director position was eliminated a few months into last year, and this is why no expenses are reflected in the current month. • Supplies: Increase in expenses over this time last year. Approximately $6K was expensed for aerial maps in Oct 09 and an additional $7K for printed supplies in Feb 10. • Maintenance: Increase in expenses over this time last year. Additional expenses tied to Town Center. • Sundry: Decrease in expenses over this time last year. Last year included costs tied to Town Center Plaza. • Debt: No significant change. The board amended the budget in anticipation of a $25K interest only payment on the $2M CO Bond. The actual payment will be $26540 and is due 05/01/2010. Following payments will occur every Nov ($40K interest only) and May ($75K principal plus $40K interest). • Transfers: No significant change. The bond proceeds were just received on Feb 10 and given that the EDC will be transferring /reimbursing the General Fund for bond payments, please note the addition of a Transfer Out to the Debt Service Fund. • Capital: Increase in expenses over this time last year. Approximately $94K was for roofing repairs to Subway in Nov 09 /Dec 09 and $246K in Feb 10 (directly offset by insurance reimbursement proceeds received in the prior fiscal year). CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15: EDC4B FUND FY08 -09 FY08 -09 FY08.09 FYOB -09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 INCOME STATEMENT BUDGET AMENDED YTD FEB, ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE OPERATING REVENUES 532,211 532,211 624,759 1,017,337 567,171 528,615 123,141 453,006 OPERATING EXPENDITURES (1,040,207) (1,040,207) (233,227) (533,788) (744,417) (1,631,540) (503,271) (1,636,858) OPERATING INCOME /(LOSS) (507,996) (507,996) 391,531 483,549 (177,246) (1,102,925) (380,130) (1,183,852) NONOPERATING REVENUES /(EXPENSES) INTEREST EARNINGS 50,000 50,000 6,203 9,691 20,000 20,000 793 3,000 TRANSFERS IN - - - - - - - - (TRANSFER OUT) - - - 10,000 26,000 - 27,540 NET OPERATING INCOME /(LOSS) (457,996) (457,996) 397,735 493,241 (147,246) (1,056,925) (379,337) (1,153,313) BEGINNING FUND BALANCE $1,097,354 $1,097,354 $1,097,354 $1,097,354 $ 1,590,594 $1,590,594 $1,590,594 $1,590,594 ENDING FUND BALANCE (EXCLUDING FUND 95) $ 639,358 $ 639,358 $1,495,088 $1,590,594 $ 1,433,348 $ 507,670 $1,211,257 $ 409,742 95: EDC413 RESERVE FUND $ 118,482 $ 118,482 $ 118,482 $ 118,482 $ 119,382 $ 119,382 $ 119,382 $ 119,382 ENDING FUND BALANCE (INCLUDING FUND 95) $ 757,840 $ 757,840 $1,613,570 $1,709,076 $ 1,552,730 $ 627,052 $1,330,639 $ 529,124 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 15: EDC4B FUND FY08 -09 FY08 -09 FY08 -09 FY08.09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 YTD CATEGORY BUDGET AMENDED YTD FEB ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE PERCENT BEGINNING FUND BALANCE $1,097,354 $1,097,354 $1,097,354 $1,097,354 $ 1,590,594 $ 1,590,594 $1,590,594 $ 1,590,594 AD VALOREM TAXES - - - - - - - - 0.0% SALES /BEVERAGE TAXES 357,011 357,011 83,503 298,682 323,571 323,571 61,345 246,684 19,0% INVESTMENT EARNINGS 50,000 50,000 6,203 9,691 20,000 20,000 793 3,000 4.0% MISCELLANEOUS INCOME - - 481,136 481,136 - - - - 0.0% SURPLUS SALES /RENTALS 175,200 175,200 60,119 237,518 243,600 205,044 61,796 206,322 30.1% TOTAL REVENUES $ 582,211 $ 582,211 $ 630,962 $1,027,029 $ 587,171 $ 548,615 $ 123,934 $ 456,006 22.6% PERSONNEL 108,109 108,109 42,838 37,549 - - - 0.0% SUPPLIES 29,300 29,300 2,746 9,401 33,860 28,860 15,588 28,860 54.0% MAINTENANCE 22,680 22,680 3,838 23,757 23,790 23,790 8,518 23,790 35.8% SUNDRY 572,801 572,801 138,738 315,354 417,537 1,024,582 99,484 1,028,361 9.7% DEBT 212,317 212,317 45,069 147,726 164,230 114,230 39,534 114,230 34.6% TRANSFERS - - - - 10,000 26,000 - 27,540 0.0% CAPITAL 95,000. 95,000 - - 95,000 414,078 340,146 414,078 82.1% TOTAL EXPENDITURES $1,040,207 $1,040,207 $ 233,227 $ 533,788 $ 744,417 $ 1,631,540 $ 503,271 $ 1,636,858 30.8% REVENUES OVER EXPENDITURES $ (457,996) $ (457,996) $ 397,735 $ 493,241 $ (157,246) $ (1,082,925) $ (379,337) $ (1,180,852) 35.0% 'IDING FUND BALANCE $ 639,358 $ 639,358 $1,495,088 $1,590,594 $ 1,433,348 $ 507,670 $1,211,257 $ 409,742 ( JUSTMENTS "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY 15: EDC4B FUND "EXEMPLIFYING EXCELLENCE" FY08 -09 FY08 -09 FY08.09 FY08.09 FY09 -10 FY09.10 FY09.10 FY09 -10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE PERCENT 4001 -00 -00 PROPERTY TAX - CURRENT YEAR - - - 0.07o 4002 -00 -00 ASSESSMENTS - CURRENT YEAR - - 0.0% AD VALOREM TAXES $ $ $ $ $ - $ - $ $ 0.0% 4081 -00 -00 SALES TAX 354,000 354,000 83,503 298,682 323,571 323,571 61,345 246,684 19.0% 4082 -00 -00 MIXED BEVERAGE TAX 3,011 3,011 - - - - - - 0.0% SALES /BEVERAGE TAXES $357,011 $ 357,011 $ 83,503 $ 298,682 $ 323,571 $ 323,571 $ 61,345 $ 246,684 19.0% 4401 -00 -00 INVESTMENT INCOME 50,000 50,000 6,203 9,691 20,000 20,000 793 3,000 4.0% INVESTMENT EARNINGS $ 50,000 $ 50,000 $ 6,203 $ 9,691 $ 20,000 $ 20,000 $ 793 $ 3,000 4.0% 4409 -00-00 MISCELLANEOUS INCOME - - 127,058 127,058 - - - - 0.0% 4415 -00 -00 INSURANCE REIMBURSEMENT 354,078 354,078 - 0.07. MISCELLANEOUS INCOME $ $ $ 481,136 $ 481,136 $ $ $ $ - 0.0% 4805 -00 -00 RENTAL FEES - SHOPPING CENTER 175,200 175,200 60,119 237,518 243,600 205,044 61,512 205,044 30.0% 4806 -00 -00 RENTAL INSURANCE - - - - - - 284 1,278 #DIV /01 SURPLUS SALES /RENTALS $175,200 $ 175,200 $ 60,119 $ 237,518 $ 243,600 $ 205,044 $ 61,796 $ 206,322 30.1% TOTAL REVENUES $582,211 $ 582,211 $ 630,962 $1,027,029 $ 587,171 $ 548,615 $ 123,934 $ 456,006 22.6% TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS) $ 663,259 $ 567,171 $ 528,615 $ 123,141 $ 453,006 107o ADMIN CHARGE - GENERAL FUND 66,326 56,717 52,862 12,314 45,301 "EXEMPLIFYING EXCELLENCE" C N N x v H N C O :2 -P N L O Q 0 U� C � E F�— Q. _O Q� V G O c O u w a w O Q J ZD Z Q Q Q co W W Z Q U w O z U O Q f u Q 0 C� O O N Q r u Ol a O O O N a u Q CD O N 0 0 N O 0 0 0 0 O 0 0 0 0 0 0 -1 cm co N N f-pr 6pp *�+ bl+ 69- 69- c ` 0 x N h 0 v � N O a U� C 0 0 ) 1 G 0' Q. 0 0 H 0 0 V . c 0 U LU LO 14 ' v N O O O O O O O O O O LO chi N N N 69 fv 4 694 69- ;4 co O (0 C O M nn _ '' a �,. 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N N Cl) N N Cl) N C C4 ' N Q O JM I- co N�V (D (D 0 NW O - Vic' Q h 00 'c -'I "d; Oo m r P- M= (O Co W � In N M O M I!) O II) M (f 7 ® N CO N N CO . N N M M N CO N M N Q O J 0) N(O 000('0 (D a (0 O h(0'eN Q O (n M - (O W d; M m (O M 00 a LO O It (D N= (C) 'ci' 0) co N co 0 U) N V) N (O N N OU NMNN(M NNMNNMNM ' N Q 04 O O O W D 0 O('d Oa O 0 a ) )O(D oamo ap M r M r�W NMa0r0 r' In 000O(M(O'tMO(V'd'r O U N M N N M.N N CO N N co N m ' N Q O M h O In (n CO M O O m 00 CO M O Q Lr) "- M ' V'OOM(O M(D p(O Md oMr - N(Vh (OetM O U N M N N Cl) N N' t N N M N C M, � r N Q Z m Z J 0ZD�LL:E<n� - =iQ(n CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER FY2009 -2010 ACCOUNT OCT NOV DEC JAN FEB TOTAL INCOME Rental Income $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 82,840.00 Tax Escrows $ 1,696.00 $ 1,696.00 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 8,399.00 Insurance Escrows $ 115.00 $ 115.00 $ 142.00 $ 142.00 $ 142.00 $ 656.00 CAM Escrows $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 5,200.00 Security Deposit $ - $ - $ 2,957.00 $ - $ - $ 2,957.00 TOTAL INCOME $ 19,419.00 $ 19,419.00 $ 22,376.00 $ 19,419.00 $ 19,419.00 $ 100,052.00 EXPENSES General & Admin $ - $ - $ - $ - $ - $ - Property Mgmt $ (776.76) $ (776.76) $ (500.00) $ (500.00) $ (500.00) $ (3,053.52) Office Expenses $ - $ - $ - $ - $ - $ - Bank Charges $ - $ - $ - $ - $ - $ - Rental Commissions $ - $ (3,696.00) $ - $ - $ - $ (3,696.00) Electricity $ (224.56) $ (197.99) $ (394.46) $ (519.52) $ (1,336.53) Sweeping $ (300.00) $ (600.00) $ (300.00) $ - $ (300.00) $ (1,500.00) Porter service $ (90.00) $ - $ - $ - $ - $ (90.00) Landscape $ (320.00) $ (640.00) $ (320.00) $ - $ (320.00) $ (1,600.00) Fire Sprinkler /Alarm $ (150.00) $ - $ - $ - $ - $ (150.00) Hard Surface Repair $ - $ - $ - $ - $ - $ - Asphalt $ - $ - $ - $ - $ - $ - Elec Supplies $ (60.39) $ (514.86) $ - $ - $ - $ (575.25) Mntc Supplies $ - $ - $ - $ - $ - $ - Roofing Repair $ (625.38) $ - $ - $ - $ - $ (625.38) R &M $ - $ - $ - $ - $ - $ - TOTAL EXPENSES $ (2,547.09) $ (6,425.61) $ (1,514.46) $ (1,019.52) $ (1,120.00) $ (12,626.68) ADJUSTMENTS Operating Balance $ - $ - $ (10,000.00) $ - $ - $ (10,000.00) TOTAL ADJUSTMENTS $ - $ - $ (10,000.00) $ - $ - $ (10,000.00) NET PROFIT /(LOSS) - CHECK $ 16,871.91 $ 12,993.39 $ 10,861.54 $ 18,399.48 $ 18,299.00 $ 77,425.32 Total Rental Income Posted $ 19,419.00 $ 6,876.69 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 79,119.69 CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 01: ADMINISTRATION "EXEMPLIFYING EXCELLENCE" FY08 -09 FY08.09 FY08.09 FY08.09 FY09.10 FY09.10 FY09.10 FY09.10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE PERCENT 5101 -01 -00 SALARIES 77,690 77,690 32,502 32,502 0.0% 5107 -01 -00 OVERTIME 3,000 3,000 - - 0.0% 5111 -01 -00 AUTO ALLOWANCE 4,800 4,800 1,278 1,278 0.0% 5114 -01 -00 LONGEVITY - - 184 184 0.0% 5115 -01 -00 RETIREMENT 9,344 9,344 3,871 3,871 0.0% 5116 -01 -00 UNEMPLOYMENT INSURANCE - - 108 108 0.0% 5117 -01 -00 FICA 6,540 6,540 2,598 2,598 0.0% 5118 -01 -00 MEDICAL INSURANCE 6,000 6,000 2,071 2,071 0.0% 5120 -01 -00 LIFE INSURANCE 255 255 72 58 0.0% 5121 -01 -00 DENTAL INSURANCE 360 360 119 95 0.0% 5122 -01 -00 VISION INSURANCE 120 120 36 29 0.0% 5190 -01 -00 VACATION /SICK /TERM /LEAVE ADJ - - - 15,243) 0.0% PERSONNEL $108,109 $ 108,109 $ 42,838 $ 37,549 $ - $ $ $ 0.07o 5220 -01 -00 UNIFORMS 600 600 - - 300 300 - 300 0.0% 5240 -01 -00 PRINTED SUPPLIES 14,000 14,000 1,253 4,449 25,000 22,000 14,862 22,000 67.67. 5260 -01 -00 GENERAL OFFICE SUPPLIES 1,500 1,500 254 332 500 500 102 500 20.3% 5261 -01 -00 POSTAGE 1,000 1,000 120 128 1,000 500 - 500 0.0% 5280 -01 -00 MINOR EQUIP /SMALLTOOLS<$5K 3,000 3,000 - - 1,000 - - 0.0% 5290 -01 -00 EXPENDABLE SUPPLIES 1,500 1,500 298 1,023 1,500 1,000 - 1,000 0.0% SUPPLIES $ 21,600 $ 21,600 $ 1,926 $ 5,932 $ 29,300 $ 24,300 $ 14,963 $ 24,300 61.6% 5403 -01 -00 BUILDING MAINTENANCE - - - - - - - - 0.0% 5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT 1,000 11000 - - 0.0% MAINTENANCE $ 1,000 $ 1,000 $ $ $ $ $ $ 0.0% 5501 -01 -00 ADVERTISING 18,000 18,000 527 789 11,000 5,000 343 5,000. 6.97o 5510 -01 -00 ASSOC DUES /PUBLICATIONS 1,400 1,400 237 334 1,000 200 - 200 0.0% 5512 -01 -00 CONTRACTUAL SERVICES 300,500 130,000 120,979 121,854 - - - 0.0% 5525 -01 -00 TRAINING /SEMINARS 2,800 2,800 430 430 2,500 1,000 - 1,000 0.07. 5565 -01 -00 LEGAL SERVICES 25,000 25,000 5,160 27,340 40,000 40,000 11,479 40,000 28.7% 5567 -01 -00 AUDIT SERVICES 3,000 3,000 3,000 3,000 4,000 4,000 1,500 4,000 37.5% 5569 -01 -00 IT SUPPORT - - - - - - - - 0.0% 5570 -01 -00 SPECIAL SERVICES 90,000 85,500 4,423 27,870 78,920 103,420 29,172 103,420 28.2% 5575 -01 -00 EQUIPMENT RENTAL 1,000 1,000 - - - - - - 0.07o 5578 -01 -00 TRAVEL 7,450 7,450 254 284 6,000 700 15 700 2.2% 5580 -01 -00 ENGINEERING SERVICES 25,000 - - - - - - - 0.0% 5585 -01 -00 TELEPHONE SERVICES 600 600 131 294 - - - - 0.0% 5595 -01 -00 ADMIN CHARGE- GENERAL FUND 53,221 53,221 - 66,326 56,717 52,862 16,979 52,862 32.1% SUNDRY $527,971 $ 327,971 $135,142 $ 248,521 $ 200,137 $ 207,182 $ 59,488 $ 207,182 28.7% 5610 -01 -00 VISUAL GRANT 100,000 100,000 - 36,417 50,000 - - - 0.0% 5615 -01 -00 FUNCTIONAL GRANT 1 1 4,417 - - 0.0% 5625 -01 -00 ISSUANCE COST - - - - - 0.0% DEBT $100,001 $ 100,001 $ 4,417 $ 36,417 $ 50,000 $ $ $ 0.0% 5701 -01 -00 TRANSFER OUT - GENERAL FUND - - - - 10,000 1,000 1,000 0.0% 5714 -01 -00 TRANSFER OUT - DEDICATION FUND - - - 0.0% 5795 -01 -00 TRANSFER OUT -EDC RESERVE FUND - - - 0.0% TRANSFERS $ $ $ $ $ 10,000 $ 1,000 $ $ 1,000 0.0% 5800 -01 -00 LAND 25,000 25,000 25,000 - - 0.0% 5813 -01 -00 KENNEDALE ENTRANCE SIGN 45,000 45,000 45,000 45,000 45,000 0.0% 5820 -01 -00 BUILDING IMPROVEMENT 25,000 25,000 - 25,000 369,078 340,146 369,078 92.2% CAPITAL $ 95,000 $ 95,000 $ $ $ 95,000 $ 414,078 $340,146 $ 414,078 82.1% TOTAL EXPENDITURES $853,681 $ 653,681 $184,322 $ 328,419 $ 384,437 $ 646,560 $414,597 $ 646,560 64.1% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 01: ADMINISTRATION 03: DEBT SERVICE FY08.09 FY08 -09 FY08.09 FY08 -09 FY09 -10 FY09.10 FY09.10 FY09 -10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE PERCENT 5620 -01 -03 ISSUANCE COSTS - - 0.0% 5621 -01 -03 PAYING AGENT FEES 1,000 1,000 - 0.0% 5643 -01 -03 2007 $1.2M TAX BOND - INTEREST 81,316 81,316 40,652 81,309 79,230 79,230 39,534 79,230 49.9% 5643 -01 -03 2007 $1.2M TAX BOND- INTEREST 30,000 30,000 - 30,000 35,000 35,000 - 35,000 0.0% DEBT $112,316 $ 112,316 $ 40,652 $ 111,309 $ 114,230 $ 114,230 $ 39,534 $ 114,230 34.6% 5702 -01 -03 TRANSFER OUT -DEBT SERVICE FUND - - - - - 25,000 - 26,540 0.0% TRANSFER $ - $ - $ - $ - $ - $ 25,000 $ - $ 26,540 0.0% TOTAL EXPENDITURES $112,316 $ 112,316 $ 40,652 $ 111,309 $ 114,230 $ 139,230 $ 39,534 $ 140,770 28.4% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 02: TOWN SHOPPING CENTER "EXEMPLIFYING EXCELLENCE" FY08.09 FY08 -09 FY08.09 FY08.09 FY09 -10 FY09.10 FY09.10 FY09 -10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE PERCENT 5280 -02 -00 MINOR EQUIP /SMALL TOOLS <$5K 7,700 7,700 820 3,469 4,560 4,560 625 4,560 13.7% SUPPLIES $ 7,700 $ 7,700 $ 820 $ 3,469 $ 4,560 $ 4,560 $ 625 $ 4,560 13.7% 5403 -02 -00 BUILDING MAINTENANCE 21,680 21,680 3,838 23,757 23,790 23,790 8,518 23,790 35.8% MAINTENANCE $ 21,680 $ 21,680 $ 3,838 $ 23,757 $ 23,790 $ 23,790 $ 8,518 $ 23,790 35.8% 5501 -02 -00 ADVERTISING 1,000 11000 - - - - - - 0.0% 5510 -02 -00 ASSOC DUES /PUBLICATIONS 1,230 1,230 - - - - 0.0% 5512 -02 -00 CONTRACTUAL SERVICES 14,800 14,800 2,468 16,770 - - - - 0.0% 5530 -02 -00 ELECTRIC SERVICES 6,100 6,100 1,153 4,122 7,800 7,800 1,469 7,800 18.8% 5545 -02 -00 INSURANCE - PROPERTY 20,900 20,900 - - - - 3,779 3,779 #DIV /01 5565 -02 -00 LEGAL SERVICES - - - - - - - - 0.0% 5570 -02 -00 SPECIAL SERVICES 800 800 (25) (25) 9,600 9,600 6,103 9,600 63,6% SUNDRY $ 44,830 $ 44,830 $ 3,596 $ 20,868 $ 17,400 $ 17,400 $ 11,350 $ 21,179 65.2% TOTAL EXPENDITURES $ 74,210 $ 74,210 $ 8,253 $ 48,094 $ 45,750 $ 45,750 $ 20,493 $ 49,529 44.8% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC46 FUND 03: TOWN CENTER REDEVELOPMENT "EXEMPLIFYING EXCELLENCE" FY08 -09 FY08 -09 FY08 -09 FY08.09 FY09 -10 FY09 -10 FY09 -10 FY09.10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ESTIMATE PROPOSED AMENDED YTD FEB ESTIMATE PERCENT 5570 -03 -00 SPECIAL SERVICES 100,000 18,370 100,000 266,667 40 266,667 0.0% 5579 -03 -00 ARCHITECT /DESIGN SERVICES - 75,000 - 13,832 75,000 266,667 18,167 266,667 6.8% 5580 -03 -00 ENGINEERING SERVICES - 25,000 13,764 25,000 266,667 10,439 266,667 3.9% SUNDRY $ $ 200,000 $ $ 45,966 $ 200,000 $ 800,000 $ 28,646 $ 800,000 3.67. TOTAL EXPENDITURES $ $ 200,000 $ $ 45,966 $ 200,000 $ 800,000 $ 28,646 $ 800,000 3.67o "EXEMPLIFYING EXCELLENCE" EMU= To KEDC Board of Directors 1J Vt h - a) L C� � : 2(Z PM Date: April 9, 2010 Agenda Item No: III -C. Subject: Review and consider action to award bid for parking, utility, and drainage improvements for Kennedale TownCenter. Originated by: Bob Hart, City Manager Summary: Bids were opened on Wednesday, April 7th. Tabulations and reference checks are being conducted and final analysis will be presented during the meeting. Kathy Turner From: Jean Marie Alexander oeanmarie.aexander @segpllc.com] Ant: Tuesday, April 13, 2010 9:59 AM To: ERP @ReedBusiness.com Cc: Kathy Turner; Craig Barnes Subject: Kennedale TownCenter Paving, Drainage, and Utility Improvements Bid Opening Per your request, please see the following information for RCD Project 1001209095: 1 -1LB Contracting - $1,226,363.56 2 — Jackson Construction - $ 1,237,568.20 3 — McClendon Construction - $ 1,318,270.65 There were a total of 6 bids. Thank you, Jean -Marie Jean -Marie Alexander, P. E. CEO Shield Engineering Group, PLLC ieanmarie.alexander anseaallc.com :Ti YAW ice If • �, N C N E v 0 E Z � 2 P O m ro O- J m L N N FaYY 0 'm K F m a � �V Y }\ __$ \ \ \ K \ �\\ ol lo ( \\\ \ \ \ k § } ) k } / IS § ( §] \ \\ \ \ \ \ ) ( / \ / lo ( \�) $ o ( (dd ) 7 ) § § / / §® o 11 r G R ® ® 5) / ® 7f 5 § } £ ± ! 5 : ::: » § S M S § 5 \/\ , j \ \ \v| \1.j _ 3§a 1I z }\ a F `m i N c `VY x m o� S= �� v Y ,••� ' �; V m N �•t L6 t0 N 6 ci N o o fV 16 N N O � V � M � m M N O rI N � N M n (V O N r m c a' ° }g o N 0 lo 0 0 N 0 o a o N 0 0 #•+' F� M N N N b b q O b, 0 o° O o O O O o 0 0 0 0 N N O 1C 0 N b Lq O o O ° ° o ° o o ° ° o I N rn ry ° a • ° o I S 1 . 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R N U :7 '?U NU dU NU NF- O lit m 2 •© .- N M •.t m m h m m o r N M V N m r F D] oa c aY �„�- ttl o � (�V N c •- d >Y a d U � N O � U j N N N � % C m F ttl o � (�V N c •- d >Y AD M: To KEDC Boar' of Directors Date: April 9, 2010 Agenda Item No: III -D. Subject: Review and consider action to assist the Keep Kennedale Beautiful Commission with funding for new signage. Originated by: Kathy Turner, City Secretary Summary: During last month's meeting, Doug Parker, EDC assigned representative on the KKBC requested that this item be placed on the agenda for consideration. Mr. Parker will provide information in regards to the request and answer any questions that may arise. Recommendation: L � c r- 1 ` To KEDC Board of Directors Date: April 9, 2010 Agenda Item No: III -E. Subject: Discuss and finalize the TownCenter ground breaking — April 24' at 10 AM Originated by: Bob Hart, City Manager Summary: Recommendation: You will need to discuss and finalize the TownCenter ground breaking ceremony. A draft program is attached. Disposition by KEDC Board of Directors: [0v i6 4auu�t r M I �a c� e� �1 I a 0 w I N C� 41 - 'd c, 0 4 - 4 d w s .{ , Cd .............■ u■...............■ ................. .................................. ddF N O bA O zd p O p 0 O Pl a, � H V ,.O O O �� '� '� F : Cll bA p o -- O p N O 0 a�5� x o 0 0 LO o z� ca q o 0) hb 000 o o N is 00 N � 'q Q � ¢ � � � Ef} o d m E cd � O QH p i •U O V O �."� '31 O ■ d V H O H y m F F o t� a Cd 0 Id rd p o �. 40. Cd H bp Cdd p +' O O bA O V • U F p p F U ..{.� O • .� dd O O o o p °? H° a o o a a> D o m S TS � T1 +� � •i 0 0 m Cd o -100 0 0 0 �{ E -0 -!.� G 15 R 4� W 4�4� i■ ...........................■........................ ...........■............■.■.... 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H° a o o a a> D o m S TS � T1 +� � •i 0 0 m Cd o -100 0 0 0 �{ E -0 -!.� G 15 R 4� W 4�4� i■ ...........................■........................ ...........■............■.■.... tj an II '� �I Cd ai 0 0 0 p 0 o Q x +� F� v O bA 44 Q Cd p O P� cn �4 co 0 Cd I-- o, p 0 c� o <Yi O O o 4 ' m U ✓ o U A F-1 0 = cd 1 p a) co �r o 'vim , '�•-� i>' U �' " p p 'cl P-i U '�' W Its 0 m o 0 0 0 o c� b Pa p p �° ( .� Pa Pa r° W c� p� > 1 > 1 4� ° o o w m C11 'n p>�n U U cd U CI , O O O G9 O O V W 0 S� ' d 9 H Q A 5 A 'xi . � ;z; � • � : ��'' o o [[��77 ���]] p U' N p p p N p p 5 Q p, � U ��, U >n v1 cpi v ��� � b � p C i G0�7 in L o 0 0 0 0 0 p � 8 Y V cl cl O O V To KEDC Board of Directors Date: April 9, 2010 Agenda Item No: III -F. 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 May 18, 2010 regular meeting date to see if there is a need to reschedule. Nv"�7 o Recommendation: :1 ; 11 111 111 I r To KEDC Board of Directors Date: April 9, 2010 Agenda Item No: IV. Subject: Staff Announcements /Reports Originated by: Bob Hart, Executive Director Summary: Board of Directors will receive announcements /reports from the following: A. KEDC Executive Director Announcement/Reports 1. United States Fallen Heroes Memorial Foundation 2. Board Appreciation Dinner — April 29 at 6:30 PM 3. Economic Analysis — May O at 3:30 PM 4. Oak Crest Redevelopment Project —May 13 Council Meeting 5. Section House Restoration 6. 9 -11 Memorial 7. Economic Analysis B. Orasi Development Report Recommendation: To KEDC Board of Directors Date: April 9, 2010 Agenda Item No: V. Subject: President/Board Announcements/Reports Originated by : Kathy Turner, KEDC Secretary Summary: A. President Announcements /Reports 1. Report agenda items to be posted for future meetings. B. Board Announcements/Reports Recommendation: � ,, -, 1 To KEDC Board of Directors Date: April 9, 2010 Agenda Item No: VI. Subject: Executive Session. Originated by: Kathy Turner, KEDC Secretary Summary: A. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of the Texas Government Code to deliberate the offer of a financial or other incentive to a business prospect with which the EDC is conducting economic development negotiations. 1. Fallen Heroes Monument 2. 1000 E. Kennedale Parkway 3. 5500 W. Kennedale Parkway To KEDC Board of Directors Date: April 9, 2010 Agenda Item No: VII. Subject: Reconvene into open session and take action necessary pursuant to executive session, if needed. Originated by: Kathy Turner, Secretary to EDC Summary: Recommendation: Disposition by KEDC Board of Directors: �qttvaj" - e- a-eU4 ivy nle�) 112q- V,� �" Lt t� a� �9 C�.�.�r