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2010_07.20 EDC Agenda PacketZ , KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — JULY 20, 2010 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. COUNCIL CHAMBERS 7:15 PM II. ROLL CALL III. PUBLIC HEARING To receive citizens input regarding the Kennedale Economic Development Corporation's intent to participate in "Projects," as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6, including, but not limited to, designing, acquiring, improving, and operating the following: (1) Financing Project through the Texas Leverage Fund for the purposes of land acquisition and construction of a new business facility. The above listed project will require expenditure of funds collected from the 4B sales tax for Fiscal Year 2010 -2011. If the KEDC Board of Directors recommends approval of such Projects, the City Council will act on this recommendation at a scheduled meeting on the 2n day of September 2010. J -4 IV. REGULAR ITEMS A. Review and consider action to approve regular meeting minutes dated June 22, 2010. B. Review KEDC Financial Reports. C. Review of 2010 -2011 KEDC Fiscal Year Budget. D. Review and consider action to change date and time of future meetings. A. Orasi Development Report 1. TownCenter Development 2. Oak Crest Properties 3. Skate Board Shop Grant Request Page i of 2 VI. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS A. President Announcements/Reports 1. Report agenda items to be posted for future meetings. 2. Chamber of Commerce request for participation in their August 4, 2010 Strategic Planning Session from 2 p.m. to 8 p.m. VII. 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. Acquisition of Real Property ® 1000 E. Kennedale Parkway ® 5500 W. Kennedale Parkway 2. Texas Leverage Fund for Grover Corporation VIII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY. IX. ADJOURNMENT In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for reasonable accommodations for persons attending KEDC meetings. This building is wheelchair accessible, and parldng spaces for disabled citizens are available. Requests for sign interpreter services must be made forty -eight (48) hours prior to the meetings. Please contact Kathy Turner, City Secretary, at 817.985.2104 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the July 20, 2010, KEDC Agenda was posted on the City Hall bulletin board next to the main entrance of the City Hall building, 405 Municipal Drive, of the City of Kennedale, Texas, in a place convenient and readily accessible to the general public at all times and said Agenda was posted on the following date and time: Friday, July 16, 2010 at 4:00 PM, and remained so posted continuously for at least 72 hours preceding the schedule time of said meeting, in accordance with Chapter 551 of the Texas Government Code. Kathy Turner, TRMC /CMC City Secretary Date Agenda Removed from bulletin board Page 2 of 2 CITY OF 1 1 in .1 DATE: JULY 20, 2010 START TIME: PM END TIME: PM ROLL CALL: CITY STAFF PRESENT: PRESENT ABSENT PRESIDENT g ROBERT MUNDY - P4 V BOARD OF DIRECTOR BEVERLY HAYES - P3 BOARD OF DIRECTOR DARRELL ERWIN - Pl BOARD OF DIRECTOR DOUG PARKER - P2 VICE - PRESIDENT DONNIE GRAHAM - P5 BOARD OF DIRECTOR MARK YEARY - P6 BOARD OF DIRECTOR REBECCA MOWELL - P 7 CITY STAFF PRESENT: PRESENT ABSENT CITY MANAGER g BOB HART V CITY SECRETARY KATHY TURNER SAKURA M. DEDRICK DIR. OF FINANCE JACK THOMPSON EDC CONTRACT REP. Date: July 16, 2010 Agenda Item No: IV -A. Subject: Review and consider approval of meeting minutes. Originated by: Kathy Turner, KEDC Secretary Summary: A draft copy of the meeting minutes dated June 22, 2010 is attached for your review and consideration. Recommendation: Recommend Approval. Disposition by KEDC Board of Directors: 343 MINUTES Q KENNEDALE ECONOMIC DEVEL PMENT CORPORATION BOARD O TORS REGULA — E 22, 2010 405 MUNICIPAL D ED ALE MUNICIPAL BLDG. CO CIL CHAMBERS CALL TO ORDER President Mundy called the meeting to order at 7:17 p.m. II. ROLL CALL Kathy Turner, Secretary called roll with the following persons present/absent: Present: Robert Mundy Donnie Graham Beverly Hayes Rebecca Mowell Darrell Erwin Absent: Mark Yeary Doug Parker Staff members present included: President Vice - President Board Member Board Member Board Member Board Member Board Member Bob Hart Sakura Moten - Dedrick Kathy Turner Drew M. Martin III. PUBLIC HEARING Executive Director Treasurer Secretary Orasi Development — Contract Provider President Mundy opened the public hearing to receive citizens input regarding the Kennedale Economic Development Corporation's intent to participate in "Projects," as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6, including, but not limited to, designing, acquiring, improving, and operating the following: 1) "TownCenter Project," 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) "Redevelopment Project," The development of new and renovation of existing commercial /residential and municipal / KEDC projects designed to enhance Kennedale's lifestyle and quality of life; 344 3) "TownCenter Beautification Project," The further development /beautification /landscaping/ upgrading of the TownCenter Kennedale area and its adjoining TCK Plaza; 4) "Amts Project," The planning, implementation, and operation of Civic / City Events and establishment of a City /TCK Public Ails Program; 5) "Sign Project," The construction of a new Kennedale Entranceway Monument Sign at a site TBD; 6) "Parkway Project," 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) "Development Project," The Creation of a Tax Increment Financing District(s) (TIF) and Municipal Management District (MMD) including Consultation, Planning, Legal, and Engineering Services; 8) "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding and attracting new Kennedale projects and businesses; 9) "Grant Project," The continuation of the existing Revitalization Grant Program and funding; 10) "Industrial Expansion Project," Industrial expansion and recruitment program, including loans and land leases, 11) "Industrial Recruitment Project," 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) "Transit Project," 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) "Landbank Project," The purchase / leasing / sale or other means of transfer of real estate land and properties for the accomplishment of the above designated projects; 14) "Financing Project," 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) "Community Grant Project," The implementation of an E -Civis Grant Writing Program; 16) "Staff Support Project," Contractual staff services (Orasi Development); and 17) "Administrative Project," 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 345 construction / remodeling / maintenance of landscaping, roadways, City / KEDC owned or leased buildings, and their related improvements. President Mundy indicated that the above listed projects would require expenditure of funds collected from the 4B sales tax for Fiscal Year 2010 -2011, and if the KEDC Board of Directors recommended approval of such projects, the City Council would act on the recommendation at their regularly scheduled meeting on the 9 th day of September 2010. Bob Hart, City Manager and Executive Director recommended that the board consider adding to project number 14, the Texas Leverage Fund. There being no other comments and /or persons registered to speak for or against any projects, President Mundy closed the public hearing at 7:22 p.m. IV. REGULAR ITEMS A. Review and consider action to approve regular meeting minutes dated May 18, 2010. Rebecca Mowell moved to approve regular meeting minutes dated May 18, 2010, second by Darrell Erwin. Mowell, Erwin, and Mundy voted aye, while Graham abstained due to absence of meeting. Motion carried (4 -1 -0). B. Review KEDC Financial Reports. Sakura Moten - Dedrick, Director of Finance and Treasurer addressed the financial reports for the month ending in April 2010. Ms. Dedrick indicated that sales tax had increased significantly due to retail, oil and gas activities, but collections were down compared to last year. She then briefly spoke on expenses related to the TownCenter and indicated that the overall fiord balance would end where projected. C. Review and consider authorizing Executive Director to sign an agreement with Shield Engineering Group to provide Construction Phase Services at the TownCenter in an amount not to exceed $8,500. Darrell Erwin moved to authorize the Executive Director to sign an agreement with Shield Engineering Group to provide Construction Phase Services at the TownCenter in an amount not to exceed $8,500, second by Donnie Graham. Motion carried (5 -0). D. Review and consider action to change date and time of fixture meetings. Board members discussed the July 20 °i meeting date and determined that there was no need for rescheduling. However, it was noted that Board Member, Beverly Hayes would not be in attendance due to a conflict. V. STAFF ANNOUNCEMENTS/REPORTS A. KEDC Executive Director Announcement /Reports Bob Hart, Executive Director provided updates on the following: 346 1. Fallen Heroes Monument — Met with the City of Arlington and Environmental Group in regards to the re- alignment of Bowman Springs Road. Project is moving forward with a 5 -lane roadway planned with expansion on the east side of the roadway. 2. TownCenter - Development of the TownCenter is progressing as planned. Looking at installing high energy efficient lamps in the parking area to help reduce electrical cost with costs savings expected within the first year. 3. SW City Development - Met with a residential developer in regards to potential development in the southern part of the city limits. B. Orasi Development Report 1. ICSC — Drew A. Martin, EDC Contract Provider briefed the board on the recent ICSC Conference. Mr. Martin indicated that the trip was successful, attendance was up, and demographic materials were being sent out to various companies. VI. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS A. President Announcements/Reports 1. Report agenda items to be posted for future meetings With no agenda items reported and no further discussion, President Mundy recessed the meeting at 7:47 p.m. to enter into executive session. VII. 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. Acquisition of Real Property 0 1000 E. Kennedale Parkway 0 5500 W. Kennedale Parkway 2. Texas Leverage Fund for Grover Corporation RECONVE NE INTO OPEN SESSION AND TAKE ACTION PURSUANT NECESSARY. EXECUTIVE SESSION, IF President Mundy reconvened into open session at 8:40 p.m. Beverly Hayes moved to authorize the Executive Director to acquire property as discussed in executive session, second by Darrell Erwin. Motion carried (5 -0). 347 IX. ADJOURNMENT There being no further discussion, President Mundy asked for a motion to adjourn. Donnie Graham so moved and Beverly Hayes seconded the motion with all members present voting in favor. Motion carried (5 -0). Meeting adjourned at 8:41 p.m. I:W�ZSIT President, Robert Mundy ATTEST: Kathy Turner, Secretary to EDC Date: July 20, 2010 Agenda Item No: IV-B. Year -To -Date ` _. t _ _ - .. _ "'" . ,— _ _ • Sales Tax: Revenues are similar in comparison to last year. The EDC has experienced approximately an 81% increase for the month of May compared to May of last year, a 5% loss year -to -date remains in effect 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). Receipts for the month of May included a one -time reallocation of approximately $90K (to be split w /General Fund) for back payment of M ajestic Li quor. This was representative of six (6) months of sales tax. • Investment Earnings: Due to declining interest rates, revenues continue to be much lower compared to this same time last year. • Miscellaneous Income: Revenues are lower this year in comparison to last year. Last year included approximately $128K for a gas lease and $354K for an insurance reimbursement due to roof damage. The repair of both the City & EDC roof damage has been completed. Staff is in the process of reconciling all receipts and upon determining actual expenses paid, will return any remaining balance back to our insurance provider, TML. It currently appears that of the $354,811 insurance reimbursement received, $5K will have to be returned to TML. • Surplus Sales/Rentals: Revenues are lower this year in comparison to last year. Almost half of the $20K difference is due to an increase in the Cypress bank account for operating balance purposes. The remaining amount is due to revenues received for rent. • 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 $10K for printed supplies since Feb 10. These were related to posters associated with the Kennedale Chamber and printed ads for the Kennedale News for the ground breaking ceremony. • Maintenance: No significant change. • Sundry: Significant increase in expenses over this time last year. Last year included costs tied to Town Center Plaza; however, this year includes a large portion tied to architecture and design services related to the Town Center redevelopment. ® Debt: No significant change in reference to the $1.2M EDC Revenue Bond. ® Transfers: No significant change. The board did amend the budget in anticipation of a $25K interest only payment on the $2M CO Bond. The actual payment of $26540 was due 05/01/2010. This was paid by the General Fund and then the General Fund was reimbursed by EDC. Following reimbursement to General Fund will occur following its payment every Nov ($40K interest only) and May ($75K principal plus $40K interest). ® Capital: Significant 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 (both directly offset by insurance reimbursement proceeds received in the prior fiscal year), and approximately $380K was for the purchase of right -of -way /land in Apr 2010 for 1121 West Kennedale Parkway. Estimate The FY09 /10 Amended Budget anticipated an ending fund balance of approximately $495K, not including the EDC Bond Fund Reserve. However, due to the purchase of ROW /land in Apr 2010, staff now estimates an ending fund balance of $86K. CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT IS: EDC413 FUND FY08 -09 FY08.09 FY08.09 FY08.09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 BUDGET AMENDED YTD MAY ACTUAL PROPOSED AMENDED YTD MAY ESTIMATE OPERATING REVENUES 532,211 532,211 752,081 1,017,337 567,171 511,788 250,636 518,103 OPERATING EXPENDITURES (1,040,207) (1,040,207) (393,813) (529,367) (744,417) (1,631,540) (1,230,138) (2,029,208) OPERATING INCOME /(LOSS) (507,996) (507,996) 358,268 487,970 (177,246) (1,119,752) (979,502) (1,511,105) NONOPERATING REVENUES/ (EXPENSES) INTEREST EARNINGS 50,000 50,000 7,999 9,691 20,000 20,000 1,467 2,500 TRANSFERS IN - - - - - - - - (TRANSFER OUT) - - 10,000 26,000 26,540 26,540 NET OPERATING INCOME /(LOSS) (457,996) (457,996) 366,267 497,662 (147,246) (1,073,752) (951,495) (1,482,066) BEGINNING FUND BALANCE $1,097,354 $1,097,354 $1,097,354 $1,097,354 $ 1,595,015 $1,595,015 $1,595,015 $1,595,015 ENDING FUND BALANCE (EXCLUDING FUND 95) $ 639,358 $ 639,358 $1,463,620 $1,595,015 $ 1,437,769 $ 495,264 $ 616,980 $ 86,410 95: EDC4B RESERVE FUND $ 118,482 $ 118,482 $ 118,482 $ 119,418 $ 119,418 $ 119,418 $ 119,418 $ 119,418 ENDING FUND BALANCE (INCLUDING FUND 95) $ 757,840 $ 757,840 $1,582,102 $1,714,433 $ 1,557,187 $ 614,681 $ 736,398 $ 205,828 "EXEMPLIFYING EXCELLENCE" CRY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 15: EDC4B FUND PERSONNEL SUPPLIES MAINTENANCE SUNDRY DEBT TRANSFERS CAPITAL TOTAL EXPENDITURES REVENUES OVER EXPENDITURES ENDING FUND BALANCE ADJUSTMENTS 108,109 FY08 -09 FY08.09 FY08 -09 FY08 -09 FY09 -10 FY09.10 FY09 -10 FY09 -10 YTD CATEGORY BUDGET AMENDED YTD MAY ACTUAL PROPOSED AMENDED YTD MAY ESTIMATE PERCENT BEGINNING FUND BALANCE $1,097,354 $1,097,354 $1,097,354 $1,097,354 $ 1,595,015 $ 1,595,015 $ 1,595,015 $ 1,595,015 213,328 AD VALOREM TAXES - - - - - - - - 0.0% SALES /BEVERAGE TAXES 357,011 357,011 154,261 298,682 323,571 306,744 153,340 311,781 50.0% INVESTMENT EARNINGS 50,000 50,000 7,999 9,691 20,000 20,000 1,467 2,500 7,3% MISCELLANEOUS INCOME - - 481,136 481,136 - - - - 0.0% SURPLUS SALES /RENTALS 175,200 175,200 116,684 237,518 243,600 205,044 97,296 206,322 47.5% TOTAL REVENUES $ 582,211 $ 582,211 $ 760,080 $1,027,029 $ 587,171 $ 531,788 $ 252,103 $ 520,603 47.4% PERSONNEL SUPPLIES MAINTENANCE SUNDRY DEBT TRANSFERS CAPITAL TOTAL EXPENDITURES REVENUES OVER EXPENDITURES ENDING FUND BALANCE ADJUSTMENTS 108,109 108,109 42,792 37,549 - - - - 0.0% 29,300 29,300 5,242 9,351 33,860 28,860 19,555 27,506 67.8% 22,680 22,680 16,725 23,052 23,790 23,790 17,468 23,790 73.4% 572,801 572,801 213,328 311,688 417,537 1,024,582 317,354 1,038,069 31.0% 212,317 212,317 115,726 147,726 164,230 114,230 114,149 114,149 99.9% - - - - 10,000 26,000 26,540 26,540 102.1% 95,000 95,000 - 95,000 414,078 735,074 799,1 177.5% $1,040,207 $1,040,207 $ 393,813 $ 529,367 $ 744,417 $ 1,631,540 $ 1,230,138 $ 2,029,208 75.47. $ (457,996) $ (457,996) $ 366,267 $ 497,662 $ (157,246) $ (1,099,752) $ (978,035) $ (1,508,605) $ 639,358 $ 639,358 $1,463,620 $1,595,015 $ 1,437,769 $ 495,264 $ 616,980 $ 86,410 88.9% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY 15: EDC413 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 MAY ACTUAL PROPOSED AMENDED YTD MAY ESTIMATE PERCENT 4001 -00 -00 PROPERTY TAX- CURRENT YEAR 0.07o 4002 -00 -00 ASSESSMENTS - CURRENT YEAR 0.07o AD VALOREM TAXES $ $ $ $ $ $ $ $ - 0.0% 4081 -00 -00 SALES TAX 354,000 354,000 154,261 298,682 323,571 306,744 153,340 311,781 50.0% 4082 -00 -00 MIXED BEVERAGE TAX 3,011 3,011 - - - - - 0.0% SALES /BEVERAGE TAXES $357,011 $ 357,011 $ 154,261 $ 298,682 $ 323,571 $ 306,744 $ 153,340 $ 311,781 50.0% 4401 -00 -00 INVESTMENT INCOME 50,000 50,000 7,999 9,691 20,000 20,000 1,467 2,500 7.3% INVESTMENT EARNINGS $ 50,000 $ 50,000 $ 7,999 $ 9,691 $ 20,000 $ 20,000 $ 1,467 $ 2,500 7.3% 4409 -00 -00 MISCELLANEOUS INCOME - - 127,058 127,058 - - - - 0.0% 4415 -00-00 INSURANCE REIMBURSEMENT 354,078 354,078 0.0% MISCELLANEOUS INCOME $ $ $ 481,136 $ 481,136 $ $ $ $ 0.0% 4805 -00 -00 RENTAL FEES - SHOPPING CENTER 175,200 175,200 116,684 237,518 243,600 205,044 96,728 205,044 47.2% 4806 -00 -00 RENTAL INSURANCE - - - - - - 568 1,278 #DIV /01 SURPLUS SALES /RENTALS $175,200 $ 175,200 $ 116,684 $ 237,518 $ 243,600 $ 205,044 $ 97,296 $ 206,322 47.5% TOTAL REVENUES $582,211 $ 582,211 $ 760,080 $1,027,029 $ 587,171 $ 531,788 $ 252,103 $ 520,603 47.4% TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS) $ 663,259 $ 567,171 $ 511,788 $ 250,636 $ 518,103 107ADMIN CHARGE - 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MAR APR MAY TOTAL INCOME Rental Income $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 149,112.00 Tax Escrows $ 1,696.00 $ 1,696.00 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 15,075.00 Insurance Escrows $ 115.00 $ 115.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 1,224.00 CAM Escrows $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 9,360.00 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 $ 19,419.00 $ 19,419.00 $ 19,419.00 $ 177,728.00 EXPENSES General & Admin $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Mgmt $ (776.76) $ (776.76) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (5,053.52) Office Expenses $ $ $ $ $ $ $ $ $ (34.35) Bank Charges $ $ $ $ $ $ $ $ $ - Rental Commissions $ $ (3,696.00) $ $ $ $ $ $ $ (3,696.00) Electricity $ (224.56) $ (197.99) $ (394.46) $ (519.52) $ $ (268.48) $ $ $ (1,605.01) Sweeping $ (300.00) $ (600.00) $ (300.00) $ $ (300.00) $ $ (600.00) $ (300.00) $ (2,700.00) Porter service $ (90.00) $ - $ - $ $ - $ $ - $ - $ (90.00) Landscape $ (320.00) $ (640.00) $ (320.00) $ $ (320.00) $ $ (640.00) $ (320.00) $ (2,880.00) Fire Sprinkler /Alarm $ (150.00) $ $ $ $ $ $ $ $ (150.00) Hard Surface Repair $ $ $ $ $ $ $ $ - $ Asphalt $ $ $ $ $ $ $ $ $ ElecSupplies $ (60.39) $ (514.86) $ $ $ $ $ $ $ (575.25) MntcSupplies $ - $ $ $ $ $ $ $ $ - 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) $ (768.48) $ (1,740.00) $ (1,120.00) $ (17,409.51) 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 $ 18,650.52 $ 17,679.00 $ 18,299.00 $ 150,318.49 Total Rental Income Posted $ 19,419.00 $ 6,876.69 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 149,551.69 CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4BFUND 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 MAY ACTUAL PROPOSED AMENDED YTD MAY 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 58 58 0.0% 5121 -01 -00 DENTAL INSURANCE 360 360 95 95 0.0% 5122 -01 -00 VISION INSURANCE 120 120 29 29 0.0% 5190 -01 -00 VACATION /SIC K /TERM /LEAVEADJ - - - (5,243) 0.0% PERSONNEL $108,109 $ 108,109 $ 42,792 $ 37,549 $ - $ $ $ 0.0% 5220 -01 -00 UNIFORMS 600 600 - - 300 300 - - 0.0% 5240 -01 -00 PRINTED SUPPLIES 14,000 14,000 1,673 4,449 25,000 22,000 18,597 22,000 84.57o 5260 -01 -00 GENERAL OFFICE SUPPLIES 1,500 1,500 332 332 500 500 125 250 24.9% 5261 -01 -00 POSTAGE 11000 1,000 128 128 1,000 500 - 250 0.0% 5280 -01 -00 MINOR EQUIP /SMALL TOOLS <$5K 3,000 3,000 - - 1,000 - 196 196 #DIV /01 5290 -01 -00 EXPENDABLE SUPPLIES 1,500 1,500 1,023 1,023 1,500 1,000 12 250 1.2% SUPPLIES $ 21,600 $ 21,600 $ 3,156 $ 5,932 $ 29,300 $ 24,300 $ 18,930 $ 22,946 77.976 5403 -01 -00 BUILDING MAINTENANCE - - - - - - - - 0.0% 5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT 1,000 11000 0.0% MAINTENANCE $ 1,000 $ 1,000 $ $ $ $ $ $ 0.076 5501 -01 -00 ADVERTISING 18,000 18,000 527 789 11,000 5,000 8,343 15,000 166.9% 5510 -01 -00 ASSOC DUES /PUBLICATIONS 1,400 1,400 237 334 1,000 200 165 1,000 82.5% 5512 -01 -00 CONTRACTUAL SERVICES 300,500 130,000 142,651 121,854 - - - - 0.0% 5525 -01 -00 TRAINING /SEMINARS 2,800 2,800 430 430 2,500 11000 - - 0.0% 5565 -01 -00 LEGAL SERVICES 25,000 25,000 15,899 27,340 40,000 40,000 23,410 40,000 58.5% 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 4,824 27,870 78,920 103,420 61,622 103,420 59.6% 5575 -01 -00 EQUIPMENT RENTAL 1,000 1,000 - - - - 358 358 #DIV /01 5578 -01 -00 TRAVEL 7,450 7,450 254 284 6,000 700 122 250 17.4% 5580 -01 -00 ENGINEERING SERVICES 25,000 - 5,045 - - - - - 0.0% 5585 -01 -00 TELEPHONE SERVICES 600 600 220 294 - - - - 0.0% 5595 -01 -00 ADMIN CHARGE- GENERAL FUND 53,221 53,221 32,950 66,326 56,717 52,862 29,729 52,862 56.2% SUNDRY $527,971 $ 327,971 $206,037 $ 248,521 $ 200,137 $ 207,182 $125,249 $ 216,890 60.57. 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 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 $ $ 0.0% 5800 -01 -00 LAND 25,000 25,000 25,000 - 379,577 379,577 #DIV /01 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 25,000 369,078 349,996 369,078 94.8% CAPITAL $ 95,000 $ 95,000 $ $ $ 95,000 $ 414,078 $729,574 $ 793,655 176.2% TOTAL EXPENDITURES $853,681 $ 653,681 $256,403 $ 328,419 $ 384,437 $ 646,560 $873,752 $1,033,491 135.17. '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 FYOB -09 FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09.10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD MAY ACTUAL PROPOSED AMENDED YTD MAY 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 81,309 81,309 79,230 79,230 79,149 79,149 99.9% 5643 -01 -03 2007 $1.2M TAX BOND - INTEREST 30,000 30,000 30,000 30,000 35,000 35,000 35,000 35,000 100.0% DEBT $112,316 $ 112,316 $111,309 $ 111,309 $ 114,230 $ 114,230 $114,149 $ 114,149 99.9% 5702 -01 -03 TRANSFER OUT -DEBT SERVICE FUND - - - - - 25,000 26,540 26,540 106.2% TRANSFER $ - $ - $ - $ - $ - $ 25,000 $ 26,540 $ 26,540 106.2% TOTAL EXPENDITURES $112,316 $ 112,316 $111,309 $ 111,309 $ 114,230 $ 139,230 $140,689 $ 140,689 101.0% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC411 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 MAY ACTUAL PROPOSED AMENDED YTD MAY ESTIMATE PERCENT 5280 -02 -00 MINOR EQUIP /SMALL TOOLS <$5K 7,700 7,700 2,085 3,419 4,560 4,560 625 4,560 13.7% SUPPLIES $ 7,700 $ 7,700 $ 2,085 $ 3,419 $ 4,560 $ 4,560 $ 625 $ 4,560 13.7% 5403 -02 -00 BUILDING MAINTENANCE 21,680 21,680 16,725 23,052 23,790 23,790 17,468 23,790 73.47. MAINTENANCE $ 21,680 $ 21,680 $ 16,725 $ 23,052 $ 23,790 $ 23,790 $ 17,468 $ 23,790 73.4% 5501 -02 -00 ADVERTISING 1,000 1,000 - - - - - - 0.0% 5510 -02 -00 ASSOC DUES /PUBLICATIONS 1,230 1,230 - - 0.0% 5512 -02 -00 CONTRACTUAL SERVICES 14,800 14,800 4,731 13,236 0.0% 5530 -02 -00 ELECTRIC SERVICES 6,100 6,100 2,585 3,990 7,800 7,800 2,264 7,800 29.0% 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 7,201 9,600 75.0% SUNDRY $ 44,830 $ 44,830 $ 7,291 $ 17,202 $ 17,400 $ 17,400 $ 13,244 $ 21,179 76.1% TOTAL EXPENDITURES $ 74,210 $ 74,210 $ 26,101 $ 43,673 $ 45,750 $ 45,750 $ 31,337 $ 49,529 68.5% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC413 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 MAY ACTUAL PROPOSED AMENDED YTD MAY ESTIMATE PERCENT 5570 -03 -00 SPECIAL SERVICES 100,000 18,370 100,000 266,667 115,643 266,667 43.4% 5579 -03 -00 ARCHITECT /DESIGN SERVICES 75,000 13,832 75,000 266,667 52,087 266,667 19.5% 5580 -03 -00 ENGINEERING SERVICES 25,000 13,764 25,000 266,667 11,131 266,667 4.2% SUNDRY $ $ 200,000 $ $ 45,966 $ 200,000 $ 800,000 $ 178,861 $ 800,000 22.4% 5875 -03 -00 CONSTRUCTION - - - - 5,500 5,500 #DIV /01 CAPITAL $ $ - $ $ - $ - $ - $ 5,500 $ 5,500 #DIV /01 $ $ 200,000 $ $ 45,966 $ 200,000 $ 800,000 $ 184,361 $ 805,500 23.0% 'EXEMPLIFYING EXCELLENCE' Date: July 16, 2010 Agenda Item No: IV -C. Subject: Review of 2010 -2011 KEDC Fiscal Year Budget. Originated by: Kathy Turner, City Secretary Recommendation: We-, -�VvnA CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES PROJECTION SUMMARY 15: EDC4B FUND "EXEMPLIFYING EXCELLENCE" FY09 -10 FY10 -11 FYII -12 FY12 -13 FY13.14 FY14 -15 FY15.16 ACCOUNT NAME PROPOSED PROPOSED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED BEGINNING FUND BALANCE $ 1,585,351 $ 387,427 $ 482,498 $ 527,433 $ 538,687 $ 546,915 $ 551,845 SALES TAX (1% ANNUAL INCREASE BEG FY 11112) 323,571 323,571 326,807 330,075 333,376 336,709 340,076 INVESTMENT EARNINGS 20,000 20,000 20,000 20,000 20,000 20,000 20,000 DEBT SERVICE (139,230) (257,730) (257,730) (257,730) (257,730) (257,730) (257,730) 2007 SALES TAX NOTE (114,230) (114,230) (114,230) (114,230) (114,230) (114,230) (114,230) 2010 $1.75M CO BOND PUBLIC IMPROVEMENTS (TRANSFER TO GF) (25,000) (143,500) (143,500) (143,500) (143,500) (143,500) (143,500) SHOPPING CENTER - RENTAL INCOME 205,044 199,094 169,344 135,000 135,000 135,000 135,000 SUBWAY ($1575 MONTH, MOVE JUL 2011) 18,900 15,750 - - - - - ACE HARDWARE ($1400 MONTH, MOVE JUL 2011) 16,800 14,000 - CHICKEN EXPRESS ($2862 MONTH, GOES AWAY SEP 2012) 34,344 34,344 34,344 - - - - DOLLAR GENERAL ($3750 MONTH, JUL 2012 RENEW OPTION) 45,000 45,000 45,000 45,000 45,000 45,000 45,000 SURPLUS WAREHOUSE ($7500 MONTH, MAY 2011 RENEW OPTION) 90,000 90,000 90,000 90,000 90,000 90,000 90,000 SHOPPING CENTER -CAM EXPENSES (45,750) (45,750) (45,750) (45,750) (45,750) (45,750) (45,750) MMD ASSESSMENTS (BASED ON VALUE OF $826,108, $2,840677 PER $100) - 23,467 23,467 23,467 23,467 23,467 23,467 RECURRING: EDC OPERATIONAL EXPENSES (5% ANNUAL INCREASE) (156,482) (163,414) (166,203) (168,807) (175,135) (181,766) (188,715) PERSONNEL SUPPLIES (24,300) (25,515) (26,791) (28,130) (29,537) (31,014) (32,564) MAINTENANCE SUNDRY (ADMIN CHARGE SEPARATED OUT BELOW) (79,320) (83,286) (87,450) (91,823) (96,414) (101,235) (106,296) ADMIN CHARGE TO GF (10% TOTAL REVENUE, EXCLUDE INTEREST) (52,862) (54,613) (51,962) (48,854) (49,184) (49,518) (49,854) DEBT - TRANSFERS CAPITAL ONE -TIME: EDC OPERATIONAL EXPENSES (490,078) PERSONNEL SUPPLIES MAINTENANCE - SUNDRY (LEGAL 35K, BRANDING 40K) (75,000) DEBT TRANSFERS (SECTION HOUSE) (1,000) CAPITAL (45K SIGNS, 15K QUIKTRIP, 354K ROOFS) (414,078) TOTAL REVENUES $ 548,615 $ 566,132 $ 539,618 $ 508,542 $ 511,843 $ 515,176 $ 518,543 TOTAL EXPENSES $ (831,540) $ (466,894) $ (469,683) $ (472,287) $ (478,615) $ (485,246) $ (492,195) REVENUES OVER EXPENDITURES $ (282,925) $ 99,238 $ 69,935 $ 36,254 $ 33,228 $ 29,930 $ 26,348 ENDING FUND BALANCE (SUBTOTAL) $ 1,302,427 $ 486,664 $ 552,433 $ 563,687 $ 571,915 $ 576,845 $ 578,193 PRIVATE IMPROVEMENTS (800,000) - - - - - - RESERVE FUND BALANCE (115,000) ACE 8. SUBWAY SUBSIDY /OFFSET RENT MOVE INCREASE ($25K, 8 YEARS) - (4,167) (25,000) (25,000) (25,000) (25,000) (25,000) ENDING FUND BALANCE (FINAL) $ 387,427 $ 482,498 $ 527,433 $ 538,687 $ 546,915 $ 551,845 $ 553,193 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15: EDC411 FUND FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 FY10 -11 INCOME STATEMENT ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED OPERATING REVENUES 1,017,337 567,171 511,788 194,858 1,034,902 587,249 OPERATING EXPENDITURES (529,367) (744,417) (1,631,540) (1,213,572) (2,132,901) (848,137) OPERATING INCOME /(LOSS) 487,970 (177,246) (1,119,752) (1,018,713) (1,097,999) (260,888) NONOPERATING REVENUES /(EXPENSES) INTEREST EARNINGS 9,691 20,000 20,000 1,467 2,100 4,200 TRANSFERS IN - - - - - 1 (TRANSFER OUT) - 10,000 26,000 26,540 26,540 154,619 NET OPERATING INCOME /(LOSS) 497,662 (147,246) (1,073,752) (990,707) (1,069,359) (102,068) BEGINNING FUND BALANCE $1,097,351 $ 1,595,012 $1,595,012 $1,595,012 $1,595,012 $ 499,113 ENDING FUND BALANCE (EXCLUDING FUND 95) $1,595,012 $ 1,437,766 $ 495,261 $ 577,766 $ 499,113 $ 242,425 95: EDC46 RESERVE FUND $ 119,418 $ 119,418 $ 119,418 $ 119,418 $ 119,668 $ 119,668 cNDING FUND BALANCE (INCLUDING FUND 95) $1,714,430 $ 1,557,184 $ 614,678 $ 697,183 $ 618,781 $ 362,093 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 15: EDC4B FUND REVENUES OVER EXPENDITURES $ (108,748) $ (532,866) $ 497,662 $ (157,246) $ (1,099,752) $ (1,017,246) $ (1,095,899) $ (256,688) $ 473,031 ENDING FUND BALANCE $ 1,871,189 $1,338,323 $ 1,595,012 $ 1,437,766 $ 495,261 $ 577,766 $ 499,113 $ 242,425 $ 715,456 1DJUSTMENTS (240,972) "EXEMPLIFYING EXCELLENCE" FY06 -07 FY07 -08 FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 FY10 -11 CY - PY CATEGORY ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE BEGINNING FUND BALANCE $ 1,979,937 $1,871,189 $ 1,097,351 $ 1,595,012 $ 1,595,012 $ 1,595,012 $ 1,595,012 $ 499,113 $ 242,425 AD VALOREM TAXES - - - - - - - 23,467 23,467 SALES /BEVERAGE TAXES 323,109 331,269 298,682 323,571 306,744 97,563 433,212 324,438 17,694 INVESTMENT EARNINGS 93,095 48,455 9,691 20,000 20,000 1,467 2,100 4,200 (15,800) MISCELLANEOUS INCOME - - 481,136 - - - 397,327 100 100 SURPLUS SALES /RENTALS 45,762 212,403 237,518 243,600 205,044 97,296 204,363 239,244 34,200 TOTAL REVENUES $ 461,966 $ 592,127 $ 1,027,029 $ 587,171 $ 531,788 $ 196,325 $ 1,037,002 $ 591,449 $ 59,661 PERSONNEL 104,916 110,172 37,549 - - - - - - SUPPLIES 7,972 12,131 9,351 33,860 28,860 17,808 23,946 31,610 2,750 MAINTENANCE 124,590 14,525 23,052 23,790 23,790 17,468 28,605 17,790 (6,000) SUNDRY 90,485 671,771 311,688 417,537 1,024,582 302,534 571,570 334,820 (197,729) DEBT 162,606 215,777 147,726 164,230 114,230 114,149 114,149 111,798 (2,433) TRANSFERS 80,146 100,000 - 10,000 26,000 26,540 26,540 154,619 128,619 CAPITAL - 617 - 95,000 414,078 735,074 1,368,091 197,501 (338,578) TOTAL EXPENDITURES $ 570,714 $1,124,993 $ 529,367 $ 744,417 $ 1,631,540 $ 1,213,572 $ 2,132,901 $ 848,137 $ (413,370) REVENUES OVER EXPENDITURES $ (108,748) $ (532,866) $ 497,662 $ (157,246) $ (1,099,752) $ (1,017,246) $ (1,095,899) $ (256,688) $ 473,031 ENDING FUND BALANCE $ 1,871,189 $1,338,323 $ 1,595,012 $ 1,437,766 $ 495,261 $ 577,766 $ 499,113 $ 242,425 $ 715,456 1DJUSTMENTS (240,972) "EXEMPLIFYING EXCELLENCE" C 2) 01 O U xx ' � F N N <0 (n m a Z O a O a a' O U F Z W a N W O O p U O Z W OJ W (1) M m N m M Il N m N 00 ',M N m m NCO (001000 M. r a N N� N M V r N N -0O ' o� U) Na(n N F V N.a'1 N V) t` a, V' :m o m w m N N r N N N N M'. 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V NM V N('Ic 0NmMM 1D N OM VNN V d'N t` V' D U M M N N M N N M N N M N M N Q N 'J g mw N N I-- N r n o ° o o Q N N M r N M ai M O m N (D N N o p r N N N M N V U) V N N L? o U N N N N M N N M N N CO N M N a 9 J M O N 01 V ( ( N 000 co (^D 0 N e Q M�NM (0. -1nN Co (D Co Lo o ((yyN N U N co N N M N N CO M N M N M Q M J o,o m m M W M ( ( O r ( � N 4 Q 0 (0 N M (D N � vS v N N N N o «i N lri N N In N M U N M N N M N N M N N M N M N Q N J O M ( V w O N O N E ( N� fD 4 Q m O N N 00 m N N M M a{ o o Q U N M N N M N N M N N M N M N Q M J N 0 ( (o N M M NN m m oN 00 01 M V (0 V O O M N q q In M 7 0 N N N t m N t M G V N M N N co N N� N N M N M � N a M F >UZO��tYY ZJOa U O W a W¢ a a Z) 1) M W 0Zp�w�i<2 1 40 CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY 15: EDC4B FUND "EXEMPLIFYING EXCELLENCE" FY06 -07 FY07 -08 FY08 -09 FY09 -10 FY09 -10 FY09.10 FY09.10 FY10.11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 4001 -00 -00 PROPERTY TAX - CURRENT YEAR - - 4002 -00 -00 ASSESSMENTS - CURRENT YEAR - - 23,467 23,467 AD VALOREM TAXES $ $ $ - $ $ - $ $ $ 23,467 $ 23,467 4081 -00 -00 SALES TAX 320,527 327,488 298,682 323,571 306,744 97,563 433,212 324,438 17,694 4082 -00 -00 MIXED BEVERAGE TAX 2,582 3,780 - - - - - - - SALES /BEVERAGE TAXES $323,109 $331,269 $ 298,682 $ 323,571 $ 306,744 $ 97,563 $ 433,212 $ 324,438 $ 17,694 4401 -00 -00 INVESTMENT INCOME 93,095 48,455 9,691 20,000 20,000 1,467 2,100 4,200 (15,800) INVESTMENT EARNINGS $ 93,095 $ 48,455, $ 9,691 $ 20,000 $ 20,000 $ 1,467 $ 2,100 $ 4,200 $ (15,800) 4409 -00 -00 MISCELLANEOUS INCOME - - 127,058 - - - 397,327 100 100 4415 -00 -00 INSURANCE REIMBURSEMENT - 354,078 - - - MISCELLANEOUS INCOME $ - $ - $ 481,136 $ $ $ $ 397,327 $ 100 $ 100 4805 -00 -00 RENTAL FEES - SHOPPING CENTER 45,762 212,406 237,518 243,600 205,044 96,728 202,375 235,244 30,200 4806 -00 -00 RENTAL INSURANCE - - - - - 568 1,988 4,000 4,000 SURPLUS SALES /RENTALS $ 45,762 $212,406 $ 237,518 $ 243,600 $ 205,044 $ 97,296 $ 204,363 $ 239,244 $ 34,200 TOTAL REVENUES $461,966 $592,130 $1,027,029 $ 587,171 $ 531,788 $ 196,325 $1,037,002 $ 591,449 $ 59,661 TOTAL REVENUES (EXCLUDING INTEREST /TRANSFERS) $ 663,259 $ 567,171 $ 511,788 $ 194,858 $1,034,902 $ 587,249 $ 75,461 �. 10 %ADMIN CHARGE - GENERAL FUND 66,326 56,717 51,179 19,486 103,490 58,725 7,546 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM DETAIL 15: EDC413 FUND FY10 -11 Do r%Dr%c c r% 4002 -00 -00 ASSESSMENT - CURRENT YEAR BASED ON ASSESSED VALUE OF $826,108 AND TOTAL TAX RATE OF 23,467 23,467 2.840677 PER $100 ($23,467 NOT ANTICIPATED UNTIL FY10 /1 1). CITY OF KENNEDALE: $0.722500 KENNEDALE ISD: $1.488610 TARRANT COUNTY: $0.264000 TARRANT HOSPITAL: $0.227897 TARRANT COLLEGE: $0.137670 4081 -00 -00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 3 YEARS OF HISTORY 324,438 324,438 4401 -00 -00 INVESTMENT INCOME BASED ON CURRENT ECONOMIC CONDITIONS, ANTICIPATE 4,200 4,200 UPCOMING YEAR RATES /EARNINGS TO DOUBLE FROM FY08 -09 PROJECTED INCOME 4409 -00 -00 MISCELLANEOUS INCOME OIL /GAS LEASE ROYALTIES BASED ON PRODUCTION, ANY ACTUAL 100 100 LEASE PROCEEDS WOULD BE ADDITIONAL (CITY MANAGER INSERTED AS PLACEHOLDER 4805 -00 -00 RENTAL FEES - SHOPPING CENTER ACTUAL RENTAL PAYMENTS FROM SHOPPING CENTER TENANTS PER 199,094 235,244 LEASE AGREEMENTS PREPAID TENANT FEES RECEIVED BUT CORRESPONDING OFFSET 36,150 OCCURS WHEN BOOKED AGAINST CAM EXPENSES (EXCLUDES RENTAL INSURANCE CAM 4806 -00 -00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE AGREEMENTS AND THEN USED TO 4,000 4,000 PAY TML INSURANCE (OFFSETTING EXPENSE UNDER TOWN SHOPPING CENTER TOTAL REVENUES $ 591,449 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 01: ADMINISTRATION 5403 -01 -00 BUILDING MAINTENANCE 5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT MAINTENANCE 9 4,815 21 - $ $ 30 $ $ $ $ $ 4,815 $ $ 5501 -01 -00 ADVERTISING FY06.07 FY07.08 FY08.09 FY09 -10 FY09.10 FY09 -10 FY09 -10 FY10.11 CY- PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 5101 -01 -00 SALARIES 72,740 76,120 32,502 563,913 121,854 - - - 5107 -01 -00 OVERTIME 4,663 5,738 - 495 34 430 2,500 1,000 5111 -01 -00 AUTO ALLOWANCE 3,958 4,235 1,278 LEGAL SERVICES 11,311 38 27,340 40,000 5114 -01 -00 LONGEVITY - - 184 5567 -01 -00 AUDIT SERVICES - - 3,000 4,000 5115 -01 -00 RETIREMENT 8,407 8,926 3,871 (2,500) 5569 -01 -00 IT SUPPORT - 984 - 5116 -01 -00 UNEMPLOYMENT INSURANCE 45 45 108 - 5570 -01 -00 SPECIAL SERVICES 24,759 9,585 5117 -01 -00 FICA 6,224 6,629 2,598 135,000 95,420 (8,000) 5575 -01 -00 EQUIPMENT RENTAL - 5118 -01 -00 MEDICAL INSURANCE 5,379 5,754 2,071 - 358 - 5578 -01 -00 TRAVEL 5120 -01 -00 LIFE INSURANCE 123 173 58 700 90 250 700 5580 -01 -00 5121 -01 -00 DENTAL INSURANCE 238 285 95 - - - - 5122 -01 -00 VISION INSURANCE 79 86 29 - - - - - 5190 -01 -00 VACATION /SICK /TERM /LEAVE ADJ 3,061 2,182 (5,243) 66,326 56,717 52,862 24,151 103,490 58,725 PERSONNEL $104,916 $110,172 $ 37,549 $ $ $ $ $ $ 5220 -01 -00 UNIFORMS 405 218 - 300 300 - - 300 - 5240 -01 -00 PRINTED SUPPLIES 3,242 4,555 4,449 25,000 22,000 17,059 22,000 22,000 - 5260 -01 -00 GENERAL OFFICE SUPPLIES 1,561 754 332 500 500 125 250 250 (250) 5261 -01 -00 POSTAGE 624 871 128 1,000 500 - 250 500 - 5280 -01 -00 MINOR EQUIP /SMALLTOOLS<$5K 764 1,870 - 1,000 - 5701 -01 -00 196 - - 5290 -01 -00 EXPENDABLE SUPPLIES 1,375 841 1,023 1,500 1,000 - 250 4,000 3,000 100,000 SUPPLIES $ 7,972 $ 9,107 $ 5,932 $ 29,300 $ 24,300 $ 17,183 $ 22,946 $ 27,050 $ 2,750 5403 -01 -00 BUILDING MAINTENANCE 5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT MAINTENANCE 9 4,815 21 - $ $ 30 $ $ $ $ $ 4,815 $ $ 5501 -01 -00 ADVERTISING 2,909 980 789 11,000 5,000 8,343 15,000 5,000 - 5510 -01 -00 ASSOC DUES /PUBLICATIONS 1,086 3,844 334 1,000 200 165 1,000 3,375 3,175 5512 -01 -00 CONTRACTUAL SERVICES 56,191 563,913 121,854 - - - - - - 5525 -01 -00 TRAINING /SEMINARS 495 34 430 2,500 1,000 - - 1,000 5565 -01 -00 LEGAL SERVICES 11,311 38 27,340 40,000 40,000 20,570 40,000 25,000 (15,000) 5567 -01 -00 AUDIT SERVICES - - 3,000 4,000 4,000 1,500 1,500 1,500 (2,500) 5569 -01 -00 IT SUPPORT - 984 - - - - - - 5570 -01 -00 SPECIAL SERVICES 24,759 9,585 27,870 78,920 103,420 56,292 135,000 95,420 (8,000) 5575 -01 -00 EQUIPMENT RENTAL - 373 - - - - 358 - 5578 -01 -00 TRAVEL 2,191 2,457 284 6,000 700 90 250 700 5580 -01 -00 ENGINEERING SERVICES - - - - - - - - 5585 -01 -00 TELEPHONE SERVICES 1,417 978 294 - - - - - - 5595 -01 -00 ADMIN CHARGE - GENERAL FUND 22,750 58,334 66,326 56,717 52,862 24,151 103,490 58,725 5,863 SUNDRY $123,108 $641,520 $ 248,521 $ 200,137 $ 207,182 $111,111 $ 296,598 $ 190,720 $ (16,462) 5610 -01 -00 VISUAL GRANT 4,790 7,807 36,417 50,000 - - - - 5615 -01 -00 FUNCTIONAL GRANT 49,569 96,423 - - 5625 -01 -00 ISSUANCE COST 32,338 - - - DEBT $ 86,696 $104,231 $ 36,417 $ 50,000 $ $ $ $ $ 5701 -01 -00 TRANSFER OUT- GENERAL FUND - - - 10,000 1,000 (1,000) 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 $ 1,000 $ $ $ $ (1,000) 5800 -01 -00 LAND 80,146 617 25,000 - 379,577 379,584 10,000 10,000 5813 -01 -00 KENNEDALE ENTRANCE SIGN - - 45,000 45,000 - - 45,000 - 5820 -01 -00 BUILDING IMPROVEMENT - - 25,000 369,078 349,996 351,003 15,000 (354,078) CAPITAL $ 80,146 $ 617 $ $ 95,000 $ 414,078 $729,574 $ 730,587 $ 70,000 $ (344,078) TOTAL EXPENDITURES $565,444 $965,677 $ 328,419 $ 384,437 $ 646,560 $857,867 $1,054,946 $ 287,770 $ (358,790) "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15: EDC4B FUND 01: ADMINISTRATION FY10 -11 Ppnpnqrn 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 UNIFORMS NEW SHIRTS FOR CONVENTIONS /MEETINGS 300 300 5240 -01 -00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY 2,000 22,000 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 250 250 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 /SMALL TOOLS <$5K ADDITIONAL EQUIPMENT ASSOCIATED WITH - PRESENTATIONS /MARKETING (REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION 5290 -01 -00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING 1,000 4,000 9/11 MEMORIAL 3,000 5440 -01 -00 OFFICE EQUIP /SOFTWARE MAINT REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION COI -01 -00 ADVERTISING PROMOTIONAL ADVERTISING 5,000 5,000 PARK EVENTS CONTRIBUTION (IF NEEDED) - MARKETING HANDOUTS 5510 -01 -00 ASSOC DUES /PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT COMMISSION 200 3,375 INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL 300 KENNEDALE CHAMBER MEMBERSHIP (MOVED FROM CITY MANAGER 1,875 DALLAS CHAMBER 1,000 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 11000 1,000 ICSC CONFERENCE REGISTRATION BY BOARD 3 MEMBERS 5565 -01 -00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC RELATED PROJECTS 25,000 25,000 ($2100 PER MONTH) OTHER LEGAL A I SERVICES FOR TIFF /N0 /T(1WN GENTER PRQ E(`T 5567 -01 -00 AUDIT SERVICES PATILLO, BROWN & HILL SERVICES FOR INDEPENDENT ANNUAL AUDIT 1,500 1,500 5569 -01 -00 IT SUPPORT 5570 -01.00 SPECIAL SERVICES TOWN CENTER CONSULTING FIRM (APPROXIMATELY $3500 PER 45,000 95,420 MONTH) BRANDING /IMAGE SERVICES E G1 G RANT WRITING PROGRAM 50,000 PARKWAY BANNERS - - 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 700 STAFF /BOARD ISCS CONFERENCE AIRFARE BY BOARD (3 MEMBERS) ICSC CONFERENCE HOTEL ($2000) / FOOD ($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: EDC413 FUND O1: ADMINISTRATION FY10 -11 aRnancFn 5595 -01 -00 ADMIN CHARGE - GENERAL FUND CHARGE FOR SERVICES PROVIDED BY GENERAL FUND RESOURCES 58,725 58,725 (10% TOTAL REVENUES EXCLUDING INTEREST /TRANSFERS) 5610 -01 -00 VISUAL GRANT GRANT ASSISTANCE PROVIDED TO LOCAL BUSINESSES 5701 - 01 - 00 TRANSFER OUT FUND BOARD APPROVAL TO ASSIST IN Q - 5800 -01.00 LAND LAND /RIGHT -OF -WAY PURCHASE FOR THE BENEFIT OF EDC (TXDOT 10,000 10,000 PROPERTY AT 1121 WEST KENNEDALE PARKWAY 5813 -01 -00 KENNEDALE ENTRANCE SIGN NEW ENTRANCEWAY SIGNS 45,000 45,000 5820 -01 -00 BUILDING IMPROVEMENT QUIK TRIP GAS STATION FAQADE STONE WORK 15,000 15,000 EXPE SES TO RED�A�` = SUBWAY, N EXPRESS LUMB YARD - AND DOLLAR GENERAL BUM)ING RQQFS (OFFSE FROM MONEY TOTAL EXPENDITURES $ 287,770 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC413 FUND 01: ADMINISTRATION 03: DEBT SERVICE FY06.07 FY07.08 FY08 -09 FY09 -10 FY09 -10 FY09.10 FY09.10 FY10 -11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 5620 -01 -03 ISSUANCE COSTS - 5621 -01 -03 PAYING AGENT FEES - - - - - - - - 5643 -01 -03 2007 $1.2M TAX BOND - INTEREST - 81,547 81,309 79,230 79,230 79,149 79,149 76,798 (2,433) 5643 -01 -03 2007 $1.2M TAX BOND - INTEREST - 30,000 30,000 35,000 35,000 35,000 35,000 35,000 - DEBT $ - $111,547 $ 111,309 $ 114,230 $ 114,230 $114,149 $ 114,149 $ 111,798 $ (2 5702 -01 -03 TRANSFER OUT -DEBT SERVICE FUND 25,000 26,540 26,540 154,619 129,619 TRANSFER $ $ $ $ $ 25,000 $ 26,540 $ 26,540 $ 154,619 $ 129,619 TOTAL EXPENDITURES $ $111,547 $ 111,309 $ 114,230 $ 139,230 $140,689 $ 140,689 $ 266,416 $ 127,186 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15: EDC4B FUND 01: ADMINISTRATION 03: DEBT SERVICE FY10 -11 5620 -01 -03 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS rn cv 5621.01 -03 PAYING AGENT FEES 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 38,399 76,798 DUE 05/01 38,399 5644 -01 -03 2007 $1.2M TAX BOND - PRINCIPAL DUE 05/01 35,000 35,000 5702 -01 -03 TRANSFER OUT -DEBT SERVICE FUND DUE 11/01 INTEREST : 2010 $2.OM CO BOND 39,809 154,619 DUE 05/01 INTEREST: 2010 $2.OM CO BOND 39,809 DUE 05/01 PRINCIPAL: 2010 $2.OM CO BOND 75,000 TOTAL EXPENDITURES $ 266,416 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 02: TOWN SHOPPING CENTER 5501 -02 -00 ADVERTISING 5510 -02 -00 ASSOC DUES /PUBLICATIONS 5512 -02 -00 FY06 -07 FY07 -08 FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 FY10 -11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 4,000 4,000 5565 -02 -00 LEGAL SERVICES - - - - - - - - 5570 -02 -00 SPECIAL SERVICES 5280 -02 -00 MINOR EQUIP /SMALL TOOLS <$5K - 3,023 3,419 4,560 4,560 625 1,000 4,560 17,400 $ 17,400 $ 12,619 $ SUPPLIES $ $ 3,023 $ 3,419 $ 4,560 $ 4,560 $ 625 $ 1,000 $ 4,560 $ 5403 -02 -00 BUILDING MAINTENANCE 1,481 14,496 23,052 23,790 23,790 17,468 23,790 17,790 (6,000) MAINTENANCE $ 1,481 $ 14,496 $ 23,052 $ 23,790 $ 23,790 $ 17,468 $ 23,790 $ 17,790 $ (6,000) 5501 -02 -00 ADVERTISING 5510 -02 -00 ASSOC DUES /PUBLICATIONS 5512 -02 -00 CONTRACTUAL SERVICES 3,180 9,730 13,236 - - - - - 5530 -02 -00 ELECTRIC SERVICES 609 4,813 3,990 7,800 7,800 1,737 5,500 7,800 - 5545 -02 -00 INSURANCE- PROPERTY - - - - - 3,779 3,779 4,000 4,000 5565 -02 -00 LEGAL SERVICES - - - - - - - - 5570 -02 -00 SPECIAL SERVICES - 15,708 (25) 9,600 9,600 7,103 10,636 6,000 (3,600) SUNDRY $ 3,789 $ 30,251 $ 17,202 $ 17,400 $ 17,400 $ 12,619 $ 19,915 $ 17,800 $ 400 TOTAL EXPENDITURES $ 5,270 $ 47,770 $ 43,673 $ 45,750 $ 45,750 $ 30,711 $ 44,705 $ 40,150 $ (5,600) "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15: EDC4B FUND 02: TOWN SHOPPING CENTER FY10 -11 aencncFn 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 17,790 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 5,000 R &M -CAM 2,000 ROOFING REPAIR 1,000 VACANCY PREPARATION 300 5501 -02 -00 ADVERTISING - 5510 -02.00 ASSOC DUES /PUBLICATIONS 5512 -02 -00 CONTRACTUAL SERVICES 5530 -02 -00 ELECTRIC SERVICES ELECTRICITY -CAM 7,800 7,800 5545 -02 -00 INSURANCE - PROPERTY COVERAGE THROUGH TEXAS MUNICIPAL LEAGUE 4,000 4,000 5570 -02 -00 SPECIAL SERVICES PROPERTY /ASSET MANAGEMENT 500 PER MONTH 6,000 6,000 TOTAL EXPENDITURES $ 40,150 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC413 FUND 03: TOWN CENTER REDEVELOPMENT "EXEMPLIFYING EXCELLENCE" FY06.07 FY07 -08 FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09.10 FY10.11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 5570 -03 -00 SPECIAL SERVICES 18,370 100,000 266,667 115,643 115,643 85,000 (181,667) 5579 -03 -00 ARCHITECT /DESIGN SERVICES 13,832 75,000 266,667 52,030 48,687 26,000 5580 -03 -00 ENGINEERING SERVICES 13,764 25,000 266,667 11,131 90,727 15,300 - SUNDRY $ $ $ 45,966 $ 200,000 $ 800,000 $ 178,804 $ 255,057 $ 126,300 $(181,667) 5875 -03 -00 CONSTRUCTION - - - 5,500 637,504 127,501 5,500 CAPITAL $ $ $ - $ - $ - $ 5,500 $ 637,504 $ 127,501 $ 5,500 $ $ $ 45,966 $ 200,000 $ 800,000 $ 184,304 $ 892,561 $ 253,801 $(176,167) "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15: EDC4B FUND 03: TOWN CENTER REDEVELOPMENT FY10 -11 PROPOSED 5570 -03 -00 SPECIAL SERVICES LANDSCAPING 35,000 85,000 REPAINTING 50,000 5579 -03 -00 ARCHITECT /DESIGN SERVICES SECTION HOUSE 26,000 26,000 5580 -03 -00 ENGINEERING SERVICES ESTIMATE 6 MONTHS OF WORK BEGINNING MAY 2010, WITH 1/6 OF 15,300 REMAINING IN NEW FISCAL YEAR (ENGINEERING ONLY $260,657 = $168,857 PUBLIC, $91,800 PRIVATE ) 15,300 5847 -03 -00 CONSTRUCTION ESTIMATE 6 MONTHS OF WORK BEGINNING MAY 2010, WITH 1/6 OF 127,501 REMAINING IN NEW FISCAL YEAR (TOTAL WITHOUT ENGINEERING $2,172,147 = $1,407,143 PUBLIC, $765,004 PRIVATE ) 127,501 TOTAL EXPENDITURES $ 253,801 "EXEMPLIFYING EXCELLENCE" 19: EDC CAPITAL BOND FUND CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY FY06 -07 FY07 -08 FY08.09 FY09.10 FY09 -10 FY09.10 FY09 -10 FY10 -11 CY -PY CATEGORY ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE BEGINNING FUND BALANCE $ - $ - $ $ - $ - $ $ $ 692,995 INVESTMENT EARNINGS - - - - 700 1,400 500 500 TRANSFERS - - - 2,006,635 2,006,635 - - TOTAL REVENUES $ $ $ $ $ $2,007,335 $2,008,035 $ 500 $ 500 MAINTENANCE - - - - 873 873 - - SUNDRY - - - - - 834 141,548 28,143 28,143 CAPITAL - - - - 372,304 1,172,619 234,524 234,524 TOTAL EXPENDITURES $ $ $ $ $ $ 374,011 $1,315,040 $ 262,667 $ 262,667 REVENUES OVER EXPENDITURES $ $ - $ - $ - $ - $ 1,633,323 $ 692,995 $ (262,167) $ (262,167) ENDING FUND BALANCE $ $ $ $ $ $1,633,323 $ 692,995 $ 430,828 $(262,167) CPL T L- � Go I "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE /EXPENDITURE LINE ITEM SUMMARY 19: EDC CAPITAL BOND FUND TOTALREVENUES 19: EDC CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT $ $ $ $ $ $2,007,335 $2,008,035 $ 500 $ 500 FY06 -07 FY07.08 FY08 -09 FY09.10 FY09 -10 FY09 -10 FY09 -10 FY10 -11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 5403 -01 -00 BUILDING MAINTENANCE 873 873 MAINTENANCE $ $ $ $ $ $ 873 $ 873 $ $ 5570 -01 -00 SPECIAL SERVICES 5580 -01 -00 ENGINEERING SERVICES SUNDRY 5847 -01 -00 CONSTRUCTION CAPITAL TOTAL EXPENDITURES 21,956 21,956 - - 834 141,548 28,143 28,143 $ $ $ $ $ $ 834 $ 141,548 $ 28,143 $ 28,143 - 372,304 1,172,619 234,524 234,524 $ $ $ $ $ $ 372,304 $1,172,619 $ 234,524 $ 234,524 $ $ 374,011 $1,315,040 $ 262,667 $ 262,667 "EXEMPLIFYING EXCELLENCE" FY06.07 FY07 -08 FY08 -09 FY09.10 FY09 -10 FY09 -10 FY09 -10 FY10.11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 4401 -00 -00 INVESTMENT INCOME - 700 1,400 500 500 INVESTMENT EARNINGS $ $ $ $ $ $ 700 $ 1,400 $ 500 $ 500 4913 -00 -00 TRANSFER IN- CAPITAL BOND FUND - 2,006,635 2,006,635 - TRANSFERS $ $ $ $ $ $2,006,635 $2,006,635 $ $ TOTALREVENUES 19: EDC CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT $ $ $ $ $ $2,007,335 $2,008,035 $ 500 $ 500 FY06 -07 FY07.08 FY08 -09 FY09.10 FY09 -10 FY09 -10 FY09 -10 FY10 -11 CY - PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 5403 -01 -00 BUILDING MAINTENANCE 873 873 MAINTENANCE $ $ $ $ $ $ 873 $ 873 $ $ 5570 -01 -00 SPECIAL SERVICES 5580 -01 -00 ENGINEERING SERVICES SUNDRY 5847 -01 -00 CONSTRUCTION CAPITAL TOTAL EXPENDITURES 21,956 21,956 - - 834 141,548 28,143 28,143 $ $ $ $ $ $ 834 $ 141,548 $ 28,143 $ 28,143 - 372,304 1,172,619 234,524 234,524 $ $ $ $ $ $ 372,304 $1,172,619 $ 234,524 $ 234,524 $ $ 374,011 $1,315,040 $ 262,667 $ 262,667 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE /EXPENDITURE LINE ITEM DETAIL 19: EDC CAPITAL BOND FUND FY10.11 PROPOSED 4401 -00 -00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE /INTEREST RATES 500 500 TOTAL REVENUES $ 500 19: EDC CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT FY10 -11 PROPOSED 5403 -01 -00 BUILDING MAINTENANCE 5570 -01 -00 SPECIAL SERVICES 5580 -01 -00 ENGINEERING SERVICES ESTIMATE 6 MONTHS OF WORK BEGINNING MAY 2010, WITH 1/6 OF 28,143 REMAINING IN NEW FISCAL YEAR (ENGINEERING ONLY $260,657 = 168,857 PUBLIC, $91,800 PRIVATE ) 28,143 5847 -01 -00 CONSTRUCTION ESTIMATE 6 MONTHS OF WORK BEGINNING MAY 2010, WITH 1/6 OF 234,524 REMAINING IN NEW FISCAL YEAR (TOTAL WITHOUT ENGINEERING 2,172,147= $1,407,143 PUBLIC, $765,004 PRIVATE ) 234,524 TOTAL EXPENDITURES $ 262,667 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY I 95; EDC48 RESERVE FUND TRANSFERS TOTAL EXPENDITURES REVENUES OVER EXPENDITURES $ 114,851 $ 3,631 $ 936 $ 1,920 $ 1,920 $ 126 $ 250 $ 500 $ 1,920 ENDING FUND BALANCE $ 154,445 $118,482 $ 119,418 $ 121,338 $ 121,338 $ 119,543 $ 119,668 $ 120,168 $ 1,920 ADJUSTMENTS (39,594) - - - - - - - 0 kUtAac "EXEMPLIFYING EXCELLENCE" FY06 -07 FY07 -08 FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09 -10 FY10 -11 CY - PY CATEGORY ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE BEGINNING FUND BALANCE $ 39,594 $114,851 $ 118,482 $ 119,418 $ 119,418 $ 119,418 $ 119,418 $ 119,668 INVESTMENT EARNINGS 2,245 3,631 936 1,920 1,920 126 250 500 1,920 TRANSFERS 112,606 - - - - - - - - TOTAL REVENUES $ 114,851 $ 3,631 $ 936 $ 1,920 $ 1,920 $ 126 $ 250 $ 500 $ 1,920 TRANSFERS TOTAL EXPENDITURES REVENUES OVER EXPENDITURES $ 114,851 $ 3,631 $ 936 $ 1,920 $ 1,920 $ 126 $ 250 $ 500 $ 1,920 ENDING FUND BALANCE $ 154,445 $118,482 $ 119,418 $ 121,338 $ 121,338 $ 119,543 $ 119,668 $ 120,168 $ 1,920 ADJUSTMENTS (39,594) - - - - - - - 0 kUtAac "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE /EXPENDITURE LINE ITEM SUMMARY 95: EDC413 RESERVE FUND 95: EDC4B RESERVE FUND FY06.07 FY07.08 FY08 -09 FY09 -10 FY09.10 FY09 -10 FY09.10 FY10 -11 CY -PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 5715 -00 -00 TRANSFER OUT -EDC FUND - - - - - - - TRANSFERS $ $ $ $ $ $ $ $ $ TOTAL EXPENDITURES $ $ $ $ $ $ $ $ $ "EXEMPLIFYING EXCELLENCE" FY06 -07 FY07 -08 FY08 -09 FY09 -10 FY09 -10 FY09 -10 FY09.10 FY10 -11 CY -PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR ESTIMATE PROPOSED CHANGE 4401 -00 -00 INVESTMENT INCOME 2,245 3,631 936 1,920 1,920 126 250 500 1,920 INVESTMENT EARNINGS $ 2,245 $ 3,631 $ 936 $ 1,920 $ 1,920 $ 126 $ 250 $ 500 $ 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 $ 936 $ 1,920 $ 1,920 $ 126 $ 250 $ 500 $ 1,920 95: EDC4B RESERVE FUND FY06.07 FY07.08 FY08 -09 FY09 -10 FY09.10 FY09 -10 FY09.10 FY10 -11 CY -PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL ACTUAL BUDGET AMENDED YTD APR 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 ITEM DETAIL 95: EDC4B RESERVE FUND FY10 -11 PROPOSED 4401 -00 -00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE /INTEREST RATES 500 500 4915 -00 -00 TRANSFER IN -EDCB 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 INSUFFICIENT. TOTAL REVENUES $ 500 5715 -00 -00 TRANSFER OUT -EDCB FUND TOTAL EXPENDITURES $ "EXEMPLIFYING EXCELLENCE" Date: July 16, 2010 Agenda Item No: IV -D. Subject: Review and consider action to change date and time of future meetings. Originated by: Kathy Turner, City 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 August 17, 2010 regular meeting date to see if there is a need to reschedule. * *Note ** - We will need to move meeting date to August 24, 2010 or schedule a special meeting to consider the Texas Lever e- F un&pr6 t. Board cannot consider this project prior to 60 -day notic ug�ust 2010). Recommendation: Date: July 16, 2010 Agenda Item No: V. Subject: Staff Announcements /Reports Originated by: Bob Hart, Executive Director Summary: Board of Directors will receive announcements /reports from the following: A. Orasi Development Report Date: July 16, 2010 Agenda Item No: vi. Subject: President/Board Announcements /Reports Originated by: Kathy Turner, KEDC Secretary Summary: A. President Announcements/Reports Recommendation: C Z) �,� '+ c 50-T.MrSTED M. PO Box 1552 Kennedale Tx 76060 kennedale (817) 985 - 2109 Chamber of Commerce info ca KennedaleCharnbencom www.Kei June 22, 2010 Bryan Lankhorst, Mayor City of Kennedale 405 Municipal Drive Kennedale, Texas 76060 Dear Bryan and Robert, Robert Munday, President Kennedale Economic Development Corporation 405 Municipal Drive Kennedale, Texas 76060 The Kennedale Chamber of Commerce values its working relationship with the City of Kennedale and the Kennedale Economic Development Corporation. In order to plan for the next several years, we will conduct a planning retreat at the Fort Worth Club on Wednesday August 4 from 2:00 until 8:00 pm. The retreat will culminate in a strategic plan for the Chamber. In order to insure a coordinated work plan between our three organizations, I would request that you appoint a representative to attend and participate in our planning retreat on August 4 th Your support and active involvement will help us help Kennedale develop as a community. I thank you in advance for your consideration. Sincerely, Pat Doescher Chair Phone: (817) 985-2109 Fax: (817) 985-2119 PO Box 1552 (201 S. New Hope) Kennedale, TX 76060 Date: July 16, 2010 Agenda Item No: VII. 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. Recommendation: Date: July 16, 2010 Agenda Item No: VIII. 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: �t �"Ojw v,