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2010_11.16 EDC Agenda PacketCITY OF KENNEDALE, TEXAS OFFICE OF THE CITY SECRETARY KEDC ROLL CALL DATE: NOVEMBER 16, 2010 START TIME: 9 : PM END TIME: / - i 3 / PM CITY STAFF PRESENT: PRESENT ABSENT PRESIDENT j ROBERT MUNDY - P4 V BOARD OF DIRECTOR ✓` BEVERLY HAYES - P3 ✓ BOARD OF DIRECTOR DARRELL ERWIN - Pl V BOARD OF DIRECTOR - P2 VICE - PRESIDENT DONNIE GRAHAM - P5 BOARD OF DIRECTOR MARK YEARY - P6 BOARD OF DIRECTOR REBECCA MOWELL - P 7 V CITY STAFF PRESENT: LAC C� n \ „N� rep% J l PRESENT ABSENT CITY MANAGER BOB HART INTERIM CITY SECRETARY ✓ KELLY COOPER SAKURA M. DEDRICK V DIR. OF FINANCE JACK THOMPSON EDC CONTRACT REP. LAC C� n \ „N� rep% J l AGENDA KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — NOVEMBER 16, 2010 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. COUNCIL CHAMBERS 7:15 PM I. CALL TO ORDER II. ROLL CALL III. REGULAR ITEMS A. Receive Branding & Imaging Task Force Report. B. Review and consider action to approve regular meeting minutes dated September 21, 2010. C. Review KEDC Financial Report. IV. STAFF ANNOUNCEMENTS/REPORTS A. Executive Director/ Orasi Report. 1. TownCenter — Surplus Warehouse — Medical Offices — 911 Memorial — Budget 2. MMD Meeting 3. SAIC 4. Skate Park 5. Curling Association 6. Alcohol Election and Ordinance V. 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. Purchase of Land — 7170 Kennedale Parkway — Multiple properties in the 7000 Block Bloxom Park Road 2. Incentive — Texas Leverage Fund 3. Disposal of property — 1000 E. Kennedale Parkway VI. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY. VII. 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 parking spaces for disabled citizens are available. Requests for sign interpreter services must be made forty -eight (48) hours prior to the meetings. Please contact Kelly Cooper, Interim City Secretary, at 817.985.2106 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the November 16, 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, November 12, 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. , Vcu /00 1 C) K lly o r Date Agenda Removed from bulletin board in en Ci Secretary AGENDA KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — NOVEMBER 16, 2010 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. COUNCIL CHAMBERS 7:15 PM I. CALL TO ORDER II. ROLL CALL III. REGULAR ITEMS A. Receive Branding & Imaging Task Force Report. 7:1. P ,, glut B. Review and consider action to approve regular meeting minutes dated September 21, 2010. C. Review KEDC Financial Report. IV. STAFF ANNOUNCEMENTS/REPORTS A. Executive Director/ Orasi Report. 1. TownCenter — Surplus Warehouse — Medical Offices — 911 Memorial — Budget 2. MMD Meeting 3. SAIC 4. Skate Park 5. Curling Association 6. Alcohol Election and Ordinance V. 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. Purchase of Land — 7170 Kennedale Parkway — Multiple properties in the 7000 Block Bloxom Park Road 2. Incentive — Texas Leverage Fund 3. Disposal of property — 1000 E. Kennedale Parkway VI. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY. VII. 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 Kelly Cooper, Interim City Secretary, at 817.985.2106 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the November 16, 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, November 12, 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. Kelly Cooper Interim City Secretary Date Agenda Removed from bulletin board Date: November 16, 2010 Agenda Item No: III -A. Subject: Receive Branding & Imaging Task Force Report. Originated by: Kelly Cooper, Interim City Secretary Summary: Brian Scott and Reed IWami will provide a report regarding the work of the task force which has been completed to this point. Additional input and comments will also be requested. Recommendation: �0 0tnuullw . Date: November 16, 2010 Agenda Item No: III -B. Subject: Receive and consider action to approve regular meeting minutes dated September 21, 2010. Originated by: Kelly Cooper, Interim City Secretary Summary: City staff is currently working on producing the minutes for this meeting. As you may recall, Kathy Turner, was not present for this meeting. The recording equipment did not work as originally thought. The minutes will be compiled and emailed to you on Monday. Recommendation: Staff Report To th e Members of the EDC4B Board Date: November 16, 2010 Agenda Item No: Subject: DISCUSS AND REVIEW SEPTEMBER 2010 EDC FINANCIALS Originated by: Salcura Moten - Dedrick Summary: Budget /Amendment N/A Year -To -Date • Sales Tax: Revenues are significantly higher in comparison to this same time last year. The EDC has experienced approximately a 13% increase for the month of September compared to September of last year, and a 41% gain year -to -date compared to this same time last year. This is due to the re- allocation of Majestic Liquors and several other smaller businesses that originally paid their sales tax receipts to the wrong city (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. • 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. • 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 $I OK 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 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), approximately $380K was for the purchase of right -of -way /land in Apr 2010 for 1121 West Kennedale Parkway, and approximately $490K for the Town Center Redevelopment construction (private, not related to bonds). Estimate The FY09 /10 Amended Budget anticipated an ending fund balance of approximately $495K, not including the EDC Bond Fund Reserve. Due to the subsequent purchase of ROW /land in Apr 2010, the unaudited Sep 2010 fund balance is $306K. Should the sale of such property occur before the end of FY09 /10 or at least 60 days after (will be accrued back), staff estimates the unaudited Sep 2010 fund balance will be $688K. Recommended Motion: Staff recommends approval. Disposition by Board: CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15: EDC48 FUND FY08 -09 FY08.09 FY08 -09 FY08 -09 FY09 -10 FY09 -10 FY09.10 FY09 -10 INCOME STATEMENT BUDGET AMENDED YTD SEP ACTUAL PROPOSED AMENDED YTD SEP ESTIMATE OPERATING REVENUES 532,211 532,211 1,017,337 1,017,337 567,171 511,788 589,592 1,033,868 OPERATING EXPENDITURES (1,040,207) (1,040,207) (529,367) (529,367) (744,417) (1,631,540) (1,880,156) (1,942,178) OPERATING INCOME /(LOSS) (507,996) (507,996) 487,970 487,970 (177,246) (1,119,752) (1,290,564) (908,310) NONOPERATING REVENUES /(EXPENSES) INTEREST EARNINGS 50,000 50,000 9,691 9,691 20,000 20,000 1,958 1,958 TRANSFERS IN - - - - - - - - (TRANSFER OUT) - - 10,000 26,000 26,540 26,540 NET OPERATING INCOME /(LOSS) (457,996) (457,996) 497,662 497,662 (147,246) (1,073,752) (1,262,067) (879,812) 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 $1,595,015 $1,595,015 $ 1,437,769 $ 495,264 $ 306,409 $ 688,663 95: EDC46 RESERVE FUND $ 118,482 $ 118,482 $ 119,418 $ 119,418 $ 119,418 $ 119,418 $ 119,418 $ 119,418 ENDING FUND BALANCE (INCLUDING FUND 95) $ 757,840 $ 757,840 $1,714,433 $1,714,433 $ 1,557,187 $ 614,681 $ 425,827 $ 808,081 "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 SEP ACTUAL PROPOSED AMENDED YTD SEP 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 AD VALOREM TAXES - - - - - - - - 0.07. SALES /BEVERAGE TAXES 357,011 357,011 298,682 298,682 323,571 306,744 364,732 432,550 118.9% INVESTMENT EARNINGS 50,000 50,000 9,691 9,691 20,000 20,000 1,958 1,958 9.8% MISCELLANEOUS INCOME - - 481,136 481,136 - - 21,065 397,292 #DIV /01 SURPLUS SALES /RENTALS 175,200 175,200 237,518 237,518 243,600 205,044 203,796 204,026 99.4% TOTAL REVENUES $ 582,211 $ 582,211 $1,027,029 $1,027,029 $ 587,171 $ 531,788 $ 591,550 $ 1,035,826 111.27. PERSONNEL 108,109 108,109 37,549 37,549 - - - - 0.0% SUPPLIES 29,300 29,300 9,351 9,351 33,860 28,860 21,585 23,121 74.8% MAINTENANCE 22,680 22,680 23,052 23,052 23,790 23,790 17,905 18,376 75.3% SUNDRY 572,801 572,801 311,688 311,688 417,537 1,024,582 477,641 537,654 46.6% DEBT 212,317 212,317 147,726 147,726 164,230 114,230 114,149 114,149 99.9% TRANSFERS - - - - 10,000 26,000 26,540 26,540 102.1% CAPITAL 95,000 95,000 - - 95,000 414,078 1,222,338 1,222,338 295.2% TOTAL EXPENDITURES $1,040,207 $1,040,207 $ 529,367 $ 529,367 $ 744,417 $ 1,631,540 $ 1,880,156 $ 1,942,178 115.27. REVENUES OVER EXPENDITURES $ (457,996) $ (457,996) $ 497,662 $ 497,662 $ (157,246) $ (1,099,752) $ (1,288,606) $ (906,352) 117.2% ENDING FUND BALANCE $ 639,358 $ 639,358 $1,595,015 $1,595,015 $ 1,437,769 $ 495,264 $ 306,409 $ 688,663 ADJUSTMENTS "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 FYOS -09 FY09 -10 FY09.10 FY09.10 FY09 -10 YTD ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD SEP ACTUAL PROPOSED AMENDED YTD SEP ESTIMATE PERCENT 4001 -00 -00 PROPERTY TAX- CURRENT YEAR 0.0% 4002 -00-00 ASSESSMENTS - CURRENT YEAR 0.0% AD VALOREM TAXES $ $ $ $ $ $ $ $ 0.0% 4081 -00 -00 SALES TAX 354,000 354,000 298,682 298,682 323,571 306,744 364,732 432,550 118.9% 4082 -00 -00 MIXED BEVERAGE TAX 3,011 3,011 - - - - - - 0.0% SALES /BEVERAGE TAXES $357,011 $ 357,011 $ 298,682 $ 298,682 $ 323,571 $ 306,744 $ 364,732 $ 432,550 118.9% 4401 -00 -00 INVESTMENT INCOME 50,000 50,000 9,691 9,691 20,000 20,000 1,958 1,958 9.8% INVESTMENT EARNINGS $ 50,000 $ 50,000 $ 9,691 $ 9,691 $ 20,000 $ 20,000 $ 1,958 $ 1,958 9.8% 4409 -00-00 MISCELLANEOUS INCOME - - 127,058 127,058 - - 21,065 397,292 #DIV /01 4415 -00 -00 INSURANCE REIMBURSEMENT - 354,078 354,078 - - 0.0% MISCELLANEOUS INCOME $ $ • $ 481,136 $ 481,136 $ $ $ 21,065 $ 397,292 #DIV /01 4805 -00 -00 RENTAL FEES - SHOPPING CENTER 175,200 175,200 237,518 237,518 243,600 205,044 202,376 202,376 98.7% 4806 -00 -00 RENTAL INSURANCE - - - - - - 1,420 1,650 #DIV /01 SURPLUS SALES /RENTALS $175,200 $ 175,200 $ 237,518 $ 237,518 $ 243,600 $ 205,044 $ 203,796 $ 204,026 99.4% TOTAL REVENUES $ 582,211 $ 582,211 $1,027,029 $1,027,029 $ 587,171 $ 531,788 $ 591,550 $1,035,826 111.2% TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS) $ 663,259 $ 567,171 $ 511,788 $ 589,592 $1,033,868 10% ADMIN CHARGE - GENERAL FUND 66,326 56,717 51,179 58,959 103,387 "EXEMPLIFYING EXCELLENCE" O D C O x h N N C O O : 4- a .N O = Q. � O N U >- c � E �- CL O a� O U . 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N 0 J O r h N m 0 0 O CD M O h M W (0 c0 00 CC) N r �Q Ct) MOOOh COM "It lD0 m m r CD 00 'd' CD CO LO m V' h N 0 0 L1 r04 Nrr In N�MN0 V' N Q r N M M (D M O (o W (D V' U V' o O W OM 000(0 V' 4t (n O r- (= V' CC) O l c cl CO cl (fl N 1 t 0 C 4 O NMOmM�NC) hMVCOO O JLNMM M NMNrMNM N 0 a 0) J O M M M ( CO M O O O M! V a- OQOhO V; Iq OO aO CO (qNI':� 1 CO N MM m M NMN M!NO o V M N Q 0 00 00'd' M N M M M h M M M N V' OQ W lf) 't ( q occcNCl Cb«) V;«)NN h OMNm V' V'Owm MC? O U N 0 N N N N N M N M M N M N Q CD CD W anon V•c O Q n r M h m (fl m V M 1 0' a- N CO m M (fl Oi (6 I6 N (fl h 00 O N' M C (~.1 N V' N N N r N M N N N m M N Q CO<M Wr V'N NM to V' 4 O Q V' N M V' O m 0 W M N M M N N C) M V' M lC) V' d• «) h V' Lo r N n O U M M N N M N N M N N M N co N Q N J N O h N C V' Co LO r W N h M OQ In Cb Mh cl: MGMOmN(OW W 4 r -oO MNM (D V LO V'NNH C�- N N N N M N N M N N M N M N Q VV0 O N m [r ((0 w LO M N W O ®Q r-, o0 V� m h "' V� oc m Il r. O st M= (0 co (0 r Ic') N M m M LO O LO M N ® U N co N N M N N M M N M N M N Q M J C, r m m M W M (D 0 O r t 't N 9 O«7M mW 'IT M Ili MMO I t ( R N =C[) V MMNMO II)N mNm0N N Q N o w( W O D V'( mmw O Q m 0 CO o0 N (A M N M W- 0 'L p LO 0000 co (D V'M C) N V' M V'O 0 N M N N M N N M N N M N M N Q �'j O M NG �Of)It) M M M D m WOO) C ?Q ID h V'«) V'OOMmM CO Op LO M It O M N N Ih m (O d' M 0 U N co N N CO N N V N N M N M N Q 1 - > UZ00�� } Z.J V' (L OZO,Iwn<*nn<w 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 $ 18,264.65 $ 16,605.47 $ 18,263.01 $ 18,263.01 $ 203,449.98 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 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 202,375.69 CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER FY2009.2010 ;ACCOUNT OCT - NOV -' DEC JAN FEB `.MAR 7APR MAY JUN JUL AUG SEP .' : 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 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 198,816.00 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 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 1,669.00 $ 20,082.00 Insurance Escrows $ 115.00 $ 115.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 142.00 $ 1,650.00 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 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 1,040.00 $ 12,480.00 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 $ 19,419.00 $ 19,419.00 $ 19,419.00 $ 19,419.00 $ 23S,985.00 EXPENSES General & Admin $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Mgmt $ (776.76) $ (776.76) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (500.00) $ (6,553.52) Office Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ (34.35) $ - $ - $ - $ (34.35) Bank Charges $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Rental Commissions $ - $ (3,696.00) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (3,696.00) Electricity $ (224.56) $ (197.99) $ (394.46) $ (519.52) $ - $ (268.48) $ - $ - $ - $ (871.53) $ (35.99) $ (35.99) $ (2,548.52) Sweeping $ (300.00) $ (600.00) $ (300.00) $ - $ (300.00) $ - $ (600.00) $ (300.00) $ (300.00) $ (300.00) $ (300.00) $ (300.00) $ (3,600.00) Porter service $ (90.00) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (90.00) Landscape $ (320.00) $ (640.00) $ (320.00) $ - $ (320.00) $ - $ (640.00) $ (320.00) $ (320.00) $ (320.00) $ (320.00) $ (320.00) $ (3,840.00) Fire Sprinkler /Alarm $ (150.00) $ - $ - $ - $ - $ - $ - $ - $ - $ (450.00) $ - $ - $ (600.00) Hard Surface Repair $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ $ - $ ' Asphalt $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - ElecSupplies $ (60.39) $ (514.86) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (575.25) Mntc Supplies $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Roofing Repair $ (625.38) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (625.38) Signage $ $ $ $ $ $ $ - $ - $ $ (372.00) $ - $ - $ (37220) TOTALEXPENSES $ (2,547.09) $ (6,425.61) $ (1,514.46) $ (1,019.52) $ (1,120.00) $ (768.48) $ (1,740.00) $ (1,120.00) $ (1,154.35) $ (2,813.53) $ (1,155.99) $ (1,155.99) $ (22,535.02) 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 $ 18,264.65 $ 16,605.47 $ 18,263.01 $ 18,263.01 $ 203,449.98 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 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,608.00 $ 202,375.69 CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE REM 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 SEP ACTUAL PROPOSED AMENDED YTD SEP 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) (5,243) 0.0% PERSONNEL $108,109 $ 108,109 $ 37,549 $ 37,549 $ $ $ $ 0.0% 5220 -01 -00 UNIFORMS 600 600 - - 300 300 - - 0.0% 5240 -01 -00 PRINTED SUPPLIES 14,000 14,000 4,449 4,449 25,000 22,000 20,597 22,000 93.6% 5260 -01 -00 GENERAL OFFICE SUPPLIES 1,500 1,500 332 332 500 500 155 200 30.9% 5261 -01 -00 POSTAGE 11000 1,000 128 128 1,000 500 - - 0.0% 5280 -01 -00 MINOR EQUIP /SMALLTOOLS<$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 12 100 1.2% SUPPLIES $ 21,600 $ 21,600 $ 5,932 $ 5,932 $ 29,300 $ 24,300 $ 20,959 $ 22,496 86.3% 5403 -01 -00 BUILDING MAINTENANCE - - - - - - 4,376 4,376 #DIV /01 5440 -01 -00 OFFICE EQUIP /SOFTWAREMAINT 1,000 11000 - - 0.0% MAINTENANCE $ 1,000 $ 1,000 $ $ $ $ $ 4,376 $ 4,376 #DIV /01 5501 -01 -00 ADVERTISING 18,000 18,000 789 789 11,000 5,000 2,010 2,500 40.2% 5510 -01 -00 ASSOC DUES /PUBLICATIONS 1,400 1,400 334 334 1,000 200 3,475 3,475 1737.5% 5512 -01 -00 CONTRACTUAL SERVICES 300,500 130,000 121,854 121,854 - - - - 0.0% 5525 -01 -00 TRAINING /SEMINARS 2,800 2,800 430 430 2,500 1,000 - - 0.0% 5565 -01 -00 LEGAL SERVICES 25,000 25,000 27,340 27,340 40,000 40,000 25,322 40,000 63.3% 5567 -01 -00 AUDITSERVICES 3,000 3,000 3,000 3,000 4,000 4,000 1,500 1,500 37.5% 5569 -01 -00 IT SUPPORT - - - - - - - - 0.0% 5570 -01 -00 SPECIAL SERVICES 90,000 85,500 27,870 27,870 78,920 103,420 162,725 170,000 157.3% 5575 -01 -00 EQUIPMENT RENTAL 11000 1,000 - - - - 358 358 #DIV /01 5578 -01 -00 TRAVEL 7,450 7,450 284 284 6,000 700 122 122 17.47o 5580 -01 -00 ENGINEERING SERVICES 25,000 - - - - - - - 0.0% 5585 -01 -00 TELEPHONE SERVICES 600 600 294 294 - - - - 0.0% 5595 -01 -00 ADMIN CHARGE - GENERAL FUND 53,221 53,221 66,326 66,326 56,717 52,862 66,200 103,387 125.2% SUNDRY $527,971 $ 327,971 $248,521 $ 248,521 $ 200,137 $ 207,182 $ 261,711 $ 321,342 126.3% 5610 -01 -00 VISUAL GRANT 100,000 100,000 36,417 36,417 50,000 - - - 0.0% 5615 -01 -00 FUNCTIONAL GRANT 1 1 - - - 0.0% 5625 -01 -00 ISSUANCE COST - - - - - 0.0% DEBT $100,001 $ 100,001 $ 36,417 $ 36,417 $ 50,000 $ $ $ 0107o 5701 -01 -00 TRANSFER OUT - GENERAL FUND - - - - 10,000 11000 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 $ $ 0.07. 5800 -01 -00 LAND 25,000 25,000 25,000 - 380,984 380,984 #DIV /01 5813 -01 -00 KENNEDALE ENTRANCE SIGN 45,000 45,000 45,000 45,000 - - 0.0% 5820 -01 -00 BUILDING IMPROVEMENT 25,000 25,000 25,000 369,078 351,004 351,004 95.1% CAPITAL $ 95,000 $ 95,000 $ $ $ 95,000 $ 414,078 $ 731,988 $ 731,988 176.8% TOTAL EXPENDITURES $853,681 $ 653,681 $328,419 $ 328,419 $ 384,437 $ 646,560 $1,019,035 $1,080,202 157.67. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 01: ADMINISTRATION 03: DEBT SERVICE "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 SEP ACTUAL PROPOSED AMENDED YTD SEP 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 99.97o 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 99.97o 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: EDC413 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 SEP ACTUAL PROPOSED AMENDED YTD SEP ESTIMATE PERCENT 5280 -02 -00 MINOR EQUIP /SMALL TOOLS<$5K 7,700 7,700 3,419 3,419 4,560 4,560 625 625 13.7% SUPPLIES $ 7,700 $ 7,700 $ 3,419 $ 3,419 $ 4,560 $ 4,560 $ 625 $ 625 13.7% 5403 -02 -00 BUILDING MAINTENANCE 21,680 21,680 23,052 23,052 23,790 23,790 13,528 14,000 56.9% MAINTENANCE $ 21,680 $ 21,680 $ 23,052 $ 23,052 $ 23,790 $ 23,790 $ 13,528 $ 14,000 56.9% 5501 -02 -00 ADVERTISING 1,000 1,000 - - - - - - 0.07. 5510 -02 -00 ASSOC DUES /PUBLICATIONS 1,230 1,230 - - 0.0% 5512 -02 -00 CONTRACTUAL SERVICES 14,800 14,800 13,236 13,236 0.0% 5530 -02 -00 ELECTRIC SERVICES 6,100 6,100 3,990 3,990 7,800 7,800 2,681 2,700 34.4% 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 10,137 10,500 105.6% SUNDRY $ 44,830 $ 44,830 $ 17,202 $ 17,202 $ 17,400 $ 17,400 $ 16,596 $ 16,979 95.4% TOTAL EXPENDITURES $ 74,210 $ 74,210 $ 43,673 $ 43,673 $ 45,750 $ 45,750 $ 30,750 $ 31,604 67.2% ( "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B 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 SEP ACTUAL PROPOSED AMENDED YTD SEP ESTIMATE PERCENT 5570 -03 -00 SPECIAL SERVICES 100,000 18,370 18,370 100,000 266,667 117,265 117,265 44.0% 5579 -03 -00 ARCHITECT /DESIGN SERVICES 75,000 13,832 13,832 75,000 266,667 62,552 62,552 23.5% 5580 -03 -00 ENGINEERING SERVICES 25,000 13,764 13,764 25,000 266,667 19,516 19,516 7.3% SUNDRY $ $ 200,000 $ 45,966 $ 45,966 $ 200,000 $ 800,000 $ 199,334 $ 199,334 24.9% 5875 -03 -00 CONSTRUCTION - - - - - 490,350 490,350 #DIV /01 CAPITAL $ $ - $ - $ - $ • $ - $ 490,350 $ 490,350 #DIV /01 $ $ 200,000 $ 45,966 $ 45,966 $ 200,000 $ 800,000 $ 689,683 $ 689,684 86.2% "EXEMPLIFYING EXCELLENCE" Date: November 16, 2010 Agenda Item No: IV, Subject: Staff Announcements /Reports Originated by: Kelly Cooper, Interim City Secretary Summary: Board of Directors will receive announcements /reports from the following: A. Executive Director/ Orasi Report. 1. TownCenter - Surplus Warehouse - Medical Offices - 911 Memorial - Budget 2. MMD Meeting 3. SAIC 4. Skate Park 5. Curling Association 6. Alcohol Election and Ordinance Recommendation: Disposition by KEDC Board of Directors: Staff Re To KEDC Board of Directors Date: I November 16, 2010 Agenda Item No: V. Subject: Executive Session Originated by: Kelly Cooper, Interim City Secretary Summary: 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. Purchase of Land — 7170 Kennedale Parkway — Multiple properties in the 7000 Block Bloxom Park Road 2. Incentive — Texas Leverage Fund 3. Disposal of property — 1000 E. Kennedale Parkway Disposition by KEDC Board of Directors: Staff Report To KEDC Board of Directors Date: November 16, 2010 Agenda Item No: VI. Subject: Reconvene into open session and take action pursuant to executive session, if necessary. Originated by: Kelly Cooper, Interim City Secretary Summary: Recommendation: Disposition by KEDC Board of Directors: 354 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — SEPTEMBER 21, 2010 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. COUNCIL CHAMBERS N- N. I I It I President Mundy called the meeting to order at 7:21 p.m. II. ROLL CALL President Mundy called roll with the following persons present/absent: Present: Robert Mundy Donnie Graham Mark Yeary Darrell Erwin Absent: Beverly Hayes Rebecca Mowell President Vice - President Board Member Board Member Board Member Board Member President Mundy also announced that Doug Parker resigned his position with the EDC Board and he would be missed. Staff members present included: Bob Hart Executive Director /City Manager Sakura Moten - Dedrick Treasurer/Director of Finance Jack Thompson EDC Contract Provider III. REGULAR ITEMS A. Review and consider action to approve regular meeting minutes dated August 24, 2010. Darrell Erwin moved to approve the meeting minutes dated August 24, 2010, second by Mark Yeary. Erwin, Yeary, and Mundy voted aye, while Graham abstained due to absence of meeting. Motion carried (3 -0 -1). B. Review KEDC Financial Reports. Sakura Moten - Dedrick, Treasurer/Director of Finance reviewed the financial reports and indicated that not much has changed since the previous month with the exception of expenses related to the development of the TownCenter, and an increase in sales tax due to re- allocated tax collections found during audit. 355 Donnie Graham moved to accept financial reports as presented, second by Darrell Erwin. Motion carried unanimously (4 -0). C. Review and consider action to approve staff to submit for a loan with the Texas Leverage Fund. Darrell Erwin moved to authorize staff to submit a loan to the Texas Leverage Fund, second by Mark Yeaty. Motion carried unanimously (4 -0). D. Review and consider action on the uses and opportunities with Arsoul Karbosi's Industrial buildings on Kennedale Parkway. Jack Thompson, KEDC Contract Provider reported on activities on Arsoul Karbosi's Industrial buildings. Mr. Thompson indicated that contract negotiations were taken place with a broker to obtain a company within the building that MasTech was going to locate in, and that a contract had been provided to the perspective business and they were awaiting return of a signed contract. In addition, Mr. Thompson indicated another business was interested in moving into one of the second buildings but the building would require some finish out so there were some concerns in regards to sustainability. E. Review and consider action on welcome monument sign to be located on Dick Price Road. Bob Hart, Executive Director and City Manager indicated that the Keep Kennedale Beautiful Commission was interested in receiving assistance from the EDC to erect a monument sign south of the IESI Landfill in which one of the sand pits is willing to set aside some land for the sign. A brief discussion followed on the cons of placing a sign within this location due to the truck traffic and sludge coming off the trucks. The board feels that the sign would be covered with sludge in no time and would not be visible and preferred a more desirable location. F. Receive report from the Keep Kennedale Beautiful Commission. Bob Hart, Executive Director and City Manager reported that a class from UTA is scheduled to do a strategic plan on October 21 looking at five areas to provide focus in which recycling, landscaping improvements, air quality issues, general and hazardous cleanup would be addressed. G. Review and consider action to change date and time of future meetings. It was noted that regularly scheduled meeting for October 19, 2010 would stand at present. IV. STAFF ANNOUNCEMENTS/REPORTS A. Executive Director Report. Bob Hart, Executive Director /City Manager provided updated on the following: 356 TownCenter Development — making good headway as Charter has placed all of their lines underground, still waiting on ATT, and received last of approvals from Oncor. Mr. Hart also indicated that concrete work would be done in three phases. Next, Mr. Hart shared some photos of the Section House and layout of the area. 2. 911 Memorial — Reported final paperwork was completed last week consisting of five panels with the steel in the center. Existing sidewalks will lead into the area, which will require some adjustment to the current fence placement. Discuss Economic Development processes and projects with UTA Capstone class. Bob Hart, Executive Director /City Manager introduced UTA students who are currently working on their Capstone Project to earn their Master Degree. It was noted that this group is working on an Economic Development and Analysis for the City of North Richland Hills, and that part of that process requires them to interview developers, and speaking with some of the industry, and working on a whole series of recommendations. Mr. Hart indicated that he offered the group a chance to come speak with the EDC and share some of the results they have received from the developers and have a dialog to talk about processes and projects. Next, the group described what was assigned to them, met to discuss how the interviews went, and reviewed the outcomes of the assignment. A discussion then followed between the EDC and the students. B. Orasi Development Report V. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS A. President Announcements/Reports Report agenda items to be posted for future meetings. It was suggested to place an action item on the October 19"' meeting to appoint a KEDC representative to the Keep Kennedale Beautiful Commission to replace resignation of Dour Parker, and discussion item for Grover Corporation. President Mundy announced that no executive session would be held. 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. Acquisition of Real Property 357 ® 1000 E. Kennedale Parkway • 1170 E. Kennedale Parkway ® 1117 and 1119 W. Kennedale Parkway • 7200 Block of Hudson Village Creek Road and Bloxom Park Road 2. Texas Leverage Fund for Grover Corporation VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY. No executive session was held. VIII. ADJOURNMENT There being no further discussion, President Mundy asked for a motion to adjourn. Donnie Graham so moved and Mark Yeaty seconded the motion with all members present voting in favor. Motion carried (4 -0). Meeting adjourned at 8:57 p.m. APPROVED: resident, Robert P. Uu ndy A a f ' Kell Coop r, terim Ci Secretary L Purchase of land 1. 1170 E. Kennedale Parkway 2. Multiple properties in the 7000 Block of Bloxum park Road ii. Incentive 1 Texas Levera e Fund g iii. Disposal of property I. 1000 E. Kennedale Parkway r VI. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY $�� r VII. ADJOURNMENT Wob PO In compliance with the American with Disabilities Act, the City of V �� Kennedale will provide for reasonable accommodations for persons attending KEDC meetings. This building is wheelchair accessible, and parking spaces for disabled citizens are available. Requests must be made forty -eight hours (48) prior to the meetings. Please contact Kell Cooper, Interim City Secretary, at 817.985.2106 or (TDD) 1.800.735.298 CERTIFICATION \ v r I certify that a copy of the December 14, 2010, KEDC Agenda was posted on �U1 � the City Hall bulletin board next tot eh main entrance of 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: Saturday, December 11 at 3:10 PM, and remained so posted continuously for at least 72 hours preceding the scheduled time of said meeting, in accordance with Chapter 551 of the Texas Government Code. Bob Hart Executive Director Date agenda removed from bulletin board