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2010_12.14 EDC Agenda PacketAGENDA KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — DECEBER 14, 2010 COUNCIL CHMABERS 7:15 PM CALL TO ORDER H. ROLL CALL Ill. REGULAR ITEMS a. Review and consider action to approve regular meeting minutes dated September 21, 2010. b. Review KEDC financial report c. Review and consider action to approve Resolution No. 002 establishing an assessment for the Kennedale TownCenter Development District IV. STAFF ANNOUNCEMENTS /REPORTS a. Executive Director /Orasi Report i. TownCenter 1. Surplus Warehouse 2. Medical Offices 3. 911 Memorial ii. MMD appointments iii. SAIC iv. Skate Park v. Curling Association vi. Alcohol election and ordinance vii. City secretary recruitment 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. i. Purchase of land 1. 1170 E. Kennedale Parkway 2. Multiple properties in the 7000 Block of Bloxum park Road ii. Incentive 1. Texas Leverage Fund iii. Disposal of property 1. 1000 E. Kennedale Parkway VI. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY VII. ADJOURNMENT In compliance with the American 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 must be made forty -eight hours (48) 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 December 14, 2010, KEDC Agenda was posted on 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 �V laoa Date agenda removed from bulletin board CITY OF KENNEDALE, TEXAS OFFICE OF THE CITY SECRETARY KEDC ROLL CALL DATE: DECEMBER 14, 2010 START TIME: r_ / PM END TIME: PM ROLL CALL: CITY STAFF PRESENT: PRESENT ABSENT PRESIDENT ROBERT MUNDY - P4 BOARD OF DIRECTOR BEVERLY HAYES - P3 BOARD OF DIRECTOR DARRELL ERWIN - Pl BOARD OF DIRECTOR JACK THOMPSON DOUG PARKER - P2 VICE - PRESIDENT DONNIE GRAHAM - P5 BOARD OF DIRECTOR MARK YEARY - P6 BOARD OF DIRECTOR REBECCA MOWELL - P 7 l CITY STAFF PRESENT: PRESENT ABSENT CITY MANAGER BOB HART INTERIM CITY SECRETARY KELLY COOPER SAKURA M. DEDRICK DIR. OF FINANCE JACK THOMPSON EDC CONTRACT REP. N IP fj Review KEDC financial report IV. N", IA (�. L, a. Review and consider action to approve regular meeting minutes dated September 21, 2010. c. Review and consider action to approve Resolution No. 002 establishing an assessment for the Kennedale TownCenter Development District STAFF ANNOUNCEMENTS /REPORTS a. Executive Director /Orasi Report i. TownCenter 1. Surplus Warehouse 2. Medical Offices 3. 911 Memorial ii. MMD appointments iii. SAIC iv. Skate Park v. Curling Association vi. Alcohol election and ordinance vii. City secretary recruitment Q ell 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. i. Purchase of land 1. 1170 E. Kennedale Parkway 2. Multiple properties in the 7000 Block of Bloxum park Road ii. Incentive 1. Texas Leverage Fund iii. Disposal of property 1. 1000 E. Kennedale Parkway VI. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO EXECUTIVE SESSION, IF NECESSARY VII. ADJOURNMENT In compliance with the American 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 must be made forty -eight hours (48) 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 December 14, 2010, KEDC Agenda was posted on 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 Date agenda removed from bulletin board Executive Director RESOLUTION NO. 002 A RESOLUTION REQUESTING THE IMPOSITION OF AN ASSESSMENT FOR THE KENNEDALE TOWNCENTER DEVELOPMENT DISTRICT WHEREAS, the Kennedale Economic Development Corporation has planned to develop a TownCenter to encourage development and create community cohesion; WHEREAS, the Kennedale Economic Development Corporation has acquired appropriate property to utilize for the TownCenter development creating opportunities for economic development and growth within the city; WHEREAS, funding through an assessment is necessary to assist in the funding of the Kennedale TownCenter; AND WHEREAS, the Kennedale Economic Development Corporation desires to establish an assessment; NOW, THEREFORE, BE IT RESOLVED BY THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION, KENNEDALE, TEXAS: 1. The Kennedale Economic Development Corporation hereby requests the TownCenter Development District to establish an assessment based on the newly adopted collective tax rate of $ 2.8968580. PASSED AND ADOPTED this 14 day of December 2010. APPROVED: ATTRCT- President, Robert P.lVlu y �` RESOLUTION NO. 002 A RESOLUTION REQUESTING THE IMPOSITION OF AN ASSESSMENT FOR THE KENNEDALE TOWNCENTER DEVELOPMENT DISTRICT WHEREAS, the Kennedale Economic Development Corporation has planned to develop a TownCenter to encourage development and create community cohesion; WHEREAS, the Kennedale Economic Development Corporation has acquired appropriate property to utilize for the TownCenter development creating opportunities for economic development and growth within the city; WHEREAS, funding through an assessment is necessary to assist in the funding of the Kennedale TownCenter; AND WHEREAS, the Kennedale Economic Development Corporation desires to establish an assessment; NOW, THEREFORE, BE IT RESOLVED BY THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION, KENNEDALE, TEXAS: 1. The Kennedale Economic Development Corporation hereby requests the TownCenter Development District to establish an assessment based on the newly adopted collective tax rate of $ 2.8968580. PASSED AND ADOPTED this 14 day of December 2010. APPROVED: esident, Robert . Mund ATTEST: s _ , Interim (pity Secretary CERTIFIED AGENDA KENNEDALE ECONOMIC DEVELOPMENT CORPORATION EXECUTIVE SESSION — DECEMBER 14, 2010 A. OPENING ANNOUNCEMENT BY PRESIDING OFFICER: The Kennedale Economic Development Corporation convened into Executive Session on the 14 day of December 2010 at 7:48 p.m., pursuant to the Texas Government Code, Section 551.087 as posted on the agenda for this meeting. B. PARTICIPANTS: The following persons were present: President Robert P. Mundy, Vice - President Donnie Graham, Board of Directors Darrell Erwin, Rebecca Mowell, Mark Yeary; Bob Hart, City Manager and EDC Contract Provider, Jack Thompson. C. SUBJECT MATTER OF EACH DELIBERATION: Section 551.087: 1. Purchase of Land ( — 1170 Kennedale Parkway — Multiple properties in the 7000 Block of Bloxom Park Road 2. Incentive — Texas Leverage Fund 3. Disposal of property — 1000 E. Kennedale Parkway No other items were discussed and no further action was taken in this executive session. Ir This executive session ended at Am. on the 14 day of December 2010. Certified as true and correct: ---------- R ert P. Mundy, Presidi g Officer Date: December 14, 2010 Agenda Item No: Subject: DISCUSS AND REVIEW OCTOBER 2010 EDC FINANCIALS Originated by, Sakura Moten- Dedrick Summary: Budget/Amendment N/A Year -To -Date ® Sales Tax: Significant increase in comparison over this tintte last yeah. This is due to the year - end audit process, in which the first two months of Oct (last fiscal year's Aug receipts) and Nov (last fiscal year's Sep receipts) not leaving been accrued back yet, While we do not see it, the actual accrued FY2009 -10 Oct value was $19568 during this same time last year (see Monthly Graph, 3 -Year Historical Graph, 10 -Year Historical Data), 0 Investment Earnings: -Due to declining interest rates, income continues to be much lower in comparison,over this time last year. e Miscellaneous Income- No significant change. Surplus Sales/Rentals: Significant increase in _comparison over this time last year, Staff is continues to receive income from Cypress Properties in a timely manner. We used to rani two months in arrears. o Personnel: No significant change. 0 Supplies: No significant change.. e Maintenance: No significant change, a Sundry: No significant change. ® Debt: No significant change. ® Transfers: Significant increase in comparison over this time last year. Represents the interest only payment reimbursed to the General Fund for the $2M CO Bond. FY2009 /10 required only an interest payment in May. Beginning FY2010 /1, payment will occur every Nov (interest only) and May (principal plus interest). a Capital: Slight increase in comparison over this time last year. Represents expenses towards Town Center Redevelopment that did not start after this sane time last year, Estimate Please note that the FY2009 -10 figures are "unaudited" actual, We are currently in the process of year- end close with our auditors, Final figures will be brought forward to the Board in March 2011. Given estimated figures, the FY09 /10 Actual anticipates an ending fund balance of approximately $3461, not including the EDC Bond Fluid Reserve. The FY2010 -11 Estimate remains the same as what was budgeted due to us being so early hi the fiscal year. Recommended Motion: Staff recommends approval. Disposition by Board: CITY OF KENNEDA LE, TEXAS. ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15: EDC4B FUND OPERATING REVENUES OPERATING EXPENDITURES OPERATING INCOME/(LOSS) NONOPERATING REVENUES /(EXPENSES) INTEREST EARNINGS TRANSFERS IN (TRANSFER OUT) NET OPERATING INCOME /(LOSS) BEGINNING FUND BALANCE ENDING FUND BALANCE (EXCLUDING FUND 9S) 95: EDC4B RESERVE FUND ENDING FUND BALANCE (INCLUDING FUND 95). FY09-10 FY09 -10 FY09.10 FY09.10 FY10.11 FYIO.11 FY10 -I1 FY10.11 BUDGET AMENDED YTD OCT ACTUAL PROPOSED ,AMENDED YTD OCT ESTIMATE 567,171 511,788 89 629,107 587,149 587,149 42,215 587,149 (744,417) (1,631,540) (57,034) (1,880,206) (763,127) (763,127) (98,631) (763,127) (177,246) (1,119,752) (56,945) (1,251,099) (175,976) (175,970) (56,416) (175,978) 20,000 20,000 286 1,956 4,200 4,200 59 4,200 10,000 26,000 - 26,540 154,619 154,619 39,809 154,619 (147,246) (1,073,752) (56,660) (1,222,601) (17,159) (17,159) (16,547) (17,159) $ 1,595,012 $1,595,012 $1,695,012 $1,595,012 $ 345,871 $ 345,871 $ '345,871 $ 345,871 $ 1,437,766 $ 495,261 $1,538,353 $ 345,871 $ 174,093 $ 174,093 $ 289,515 $ 174,093 $ 119,418 $ 119,418 $ 119,418 $ 119,668 $ 119,668 $ 119,668 $ 119,668 $ 119,668 $1,567,184 $ 614,678 $1,657,770 $ 465,539 $ 293,761' $ 293,761 $ 409,182 $ 293,761 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 151 EDC4B FUND REVENUES OVER EXPENDITURES $ (157,246) $ (1,099,752) $ (56,660) $(1,249,141) :$ (171,778) =$ (171;778) $ (56,357) $ (171;778) ENDING FUND BALANCE $ 1,437,766 $ 495,261 $ 1,538,353 $ 345,871 $ 174,093 $ 174,093 $ 289,515 $ 174,093 ADJUSTMENTS FUND BALANCE AS % EXP 193.1% 30.4% 2697.2% 18.4% 22.8% 22.8% 293.5% 22,8% RESERVE (NO REQUIREMENT) $ - $ - $` - $ - $ - $' $ - $ - RESERVE SURPLUSASHORTFALL) $ 1,437,766 $ 495,261 $ 1.538 ;363 S 345,871 $ 174,093 $ 174,093 $ 289,515 $ 17493 "EXEMPLIFYING EXCELLENCE" FY09.10 FY09.10 FY09.10 FY09 -10 FY10 -11 FYID,tI FYIo -II FY10,11 FY09.10 FY10.11 CATEGORY BUDGET AMENDED YTD OCT ACTUAL PROPOSED AMENDED YTD OCT ESTIMATE YID % YTD % BEGINNING FUND BALANCE $ 1,595,012 $ 1,595,012 $ 1,595,012 $ 1,595,012 $ 345,871 $ 345,871 $ 345,871 $ 345,871 AD VALOREM TAXES - - - - 23,467 23,467 - 23,467 0,0% 0.0% SALES/BEVERAGETAXES 323,571 306,744 89 404,246 -' 324,438 324,438 24,465 324,438 0,0% 7.5% INVESTMENT EARNINGS 20,000 20,000 286 1,958 4,200 4,200 59 4,200 1.4% 1.4% MISCELLANEOUS INCOME - - 21,065 - - - - 0.0% 0,0% SURPLUS SALES /RENTALS 243,600 205,044 - 203,796 239,244 239,244 17,750 239,244 0.0% 7.4% TOTAL REVENUES $ 587,171 $ 531,788 $ 375 $ 631,065 $ 591,349 `$ 591,349 $ 42,275 $ 591,349 01% 7..1% PERSONNEL - - - - 0.0% 010% SUPPLIES 33,860 28,860 5,865 21,634 ! 31,610 31,610 - 31,610 20.37o 0.07. MAINTENANCE 23,790 23,790 705 17,905 17,790 17,790 845 17.790 3.0% A,7% SUNDRY 417,537 1,024,582 10,930 477,641 249,810 249,810 11,658 249,810 111% 4,77. DEBT 164,230 114,230 39,534 114,149 111,798 111,798 38,277 111,798 34.6% 34,2% TRANSFERS 10,000 26,000 26,540 154,619 154,619 39,809 154,619 0.0% 25.7% CAPITAL 95,000 414,078 - 1,222,338 197,501' 191,501 8,041 197,501 0,0% 4,1% TOTAL EXPENDITURES $ 744,417 $ 1,631,540 $ 57,034 $ 1,880,206 $ 763,127 j $ 763,127 $ 98,631 $ 763,127 3,5% 12,9% REVENUES OVER EXPENDITURES $ (157,246) $ (1,099,752) $ (56,660) $(1,249,141) :$ (171,778) =$ (171;778) $ (56,357) $ (171;778) ENDING FUND BALANCE $ 1,437,766 $ 495,261 $ 1,538,353 $ 345,871 $ 174,093 $ 174,093 $ 289,515 $ 174,093 ADJUSTMENTS FUND BALANCE AS % EXP 193.1% 30.4% 2697.2% 18.4% 22.8% 22.8% 293.5% 22,8% RESERVE (NO REQUIREMENT) $ - $ - $` - $ - $ - $' $ - $ - RESERVE SURPLUSASHORTFALL) $ 1,437,766 $ 495,261 $ 1.538 ;363 S 345,871 $ 174,093 $ 174,093 $ 289,515 $ 17493 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY IS: EDC4BFUND 0.0% 7 0.1% 7,1% 'EXEMPLIFYING EXCELLENCE' SALES /BEVERAGE TAXES FY09.10 FY09.10 FY09.10 FY09.10 FY10 FY10.11 FY10 -11 FY10.11 FY09.10 FYIo.II ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD OCT ACTUAL ' PROPOSED AMENDED YTD OCT ESTIMATE YTD % YTD % 4001 -0000 PROPERTY TAX-CURRENT YEAR - - - 0,07. 0.0% 4002 -0000 ASSESSMENTS - CURRENT YEAR 23,467 23,467 23,467 0.0% 0.0% $ AD VALOREM TAXES $ $ $ $ $ 23,467 $ 23,467 $ $ 23,467 0.0 %9 0,0% 4081 -0000 SALES TAX 323,571 306;744 89 404,246 324,438 324,438 24.465 324,430 0.0% 7.570 4082 -0000 MIXED BEVERAGE TAX - - - - - 0.079 0.07. 0.0% 7 0.1% 7,1% 'EXEMPLIFYING EXCELLENCE' SALES /BEVERAGE TAXES $323,571 $ 306,744 $ 89 $404,246 $ 324,438 $ $24,438 $ 24,465 $ 324,438 4401 -00 -00 INVESTMENT INCOME 20,000 20,000 286 11958 4,200 -- 4,200 59 4,200 INVESTMENT EARNINGS $ 20,000 $ 20,000 $ 286 $ 1,958 $ 4,200 $ 4,200 $ 59 $ 4,200 4409 -00 -00 MISCELLANEOUS INCOME - - - 21,065 - - - 4415 -00-00 INSURANCE REIMBURSEMENT - - MISCELLANEOUS INCOME $ $ $ $ 21,065 $ $ $ $ 4805-00.00 RENTAL FEES - SHOPPING CENTER 243,600 205,044 202,376 235,244 235,244 17,608 235,244 4806-00.00 RENTAL INSURANCE - - - 1,420 4,000- 4,000 142 41000 SURPLUS SALES /RENTALS $243,600 $ 205,044 $ $203,796 $;'239,244 -'$ 239;244 $ 17,760 $ 239,244 TOTAL REVENUES $887,171 $ 531,788 $ 375 $631,065 $ 591,349 $ 591,349 $ 42,275 $ $91,349 TOTAL REVENUES (EXCLUDING INTERE! $567,171 $ 511,768 $ 89 $629,107 $ 587,149 $ 587,149 $ 42,215 $ 587,149 10%dADMIN CHARGE - GENERAL FUND 56,717 51,179 9 66;200 58,715 58,715 4,222 58,715 0.0% 7 0.1% 7,1% 'EXEMPLIFYING EXCELLENCE' .a) r_ Qj 0) tie x N _a) N O 0 ® �N O _ C O N e � a E 2 O } Q) in U . 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U N M `NN N NNMNMN Q o hrrM,f�O�(OrCn�M V rV� N Q 'o "� ��tyyNMII X 00 t0 o¢d'NM cOtnO t'� th MtoV d t[)h<tcnhhh O Cl) N N co N Q '�t tOMM tootor h 'f�l0 o0p 0-1 Q¢ 0 I Cl) m co ON(c}J ChtV0 O CO OU N N N N M N N M N N Q M ON N 1 0 - I 4 0 MM 0 l M t0 M o r `nNN M(7N OlA M � U N M N N Cl) tV N Q LO c - 17)00 c - to lA to w O W 0 wo Mir -c 01 caw wwoht0 N °oUN MNNNNNOONNMN C,4 N e( 00 � od0- 8 t0 �e 0 01 t00 c ¢ O a .(d W O r o e:0 - o 0 o, N tai, d0t o t�(pppNtQ tfld' o t}c-N' o O U N M N N M N N cs; N M c M'" N Q �- >UZmaa�zJOa U O W¢ w¢ _ 0 7 W CYPRESS HISTORY FOR KENNE ®ALE TOWN $ SHOPPING CENTER $ Property Mgmt FY2010 -2011 500.00 $ ;ACCOUNT OCT $ TOTAL INCOME - Bank Charges $ Rental income $ 16,568.00 $ 33,136,00 Tax Escrows $ 1,669.00 $ 3,338,00 Insurance Escrows $ 142.00 $ 284.00 CAM Escrows $ 1,040.00 $ 2,080.00 Security Deposit $ - $ $ TOTAL INCOME $ 19,419.00 $ 38,838.00 EXPENSES General & Admin $ - $ Property Mgmt $ 500.00 $ 1,000.00 Office Expenses $ - $ - Bank Charges $ - $ Rental Commissions $ - $ Electricity $ 35.99 $ 71.98 Sweeping $ 300.00 $ 600.00 Porter service $ - $ - Landscape $ 320,00 $ 640,00 Fire Sprinkler /Alarm $ 150.00 $ 150.00 Hard Surface Repair $ - $ Asphalt $ - $ Elec Supplies $ - $ - Maintenance $ 75.00 $ 75,00 Roofing Repair $ - $ - Signage $ - $ - TOTAL EXPENSES $ 1,380.99 $ 2,536.98 ADJUSTMENTS Operating Balance $ - $ TOTAL ADJUSTMENTS $ - $ - NET PROFIT /(LOSS) - CHECK $ 18,038.01 $ 36,301.02 Total Rental Income Posted $ 17,608.00 $ 35,216.00 CYPRESS HISTORY FOR KENNEDAI.E TOWN SHOPPING CENTER FY2009.2010 )ACCOUNT OCT NOV : '. DEC - - -)AN Flo ='MAR : >APR MAY ` JUN JUL 'AUG SEP '? TOTAL INCOME Rental Income $ 36,50 8.00 $ 16,56 &00 $ 16,568.00 $ 16,508.00 $ 16,568,00 $ 36,568.00 $ 16,56 &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 $ 3,669.00 $ 1,669.00 $ 20,082.00 Insurance Escrow$ $ 115.00 $ 119.00 $ 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 $ 1 $ 1,040.00 $ 1 $ 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 TO7ALINCOh1E $ 19,419.00 $ 39,419.00 !$ 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 $ 235,985.00 EXPENSES General &Admin $ - $ $ $ - $ - $ - $ - $ $ Property higml $ (776.76) $. (716.76) $ (500.60) $ (500.00) -$ ($00.00) $ (500,00) $ (500.00) $ (500.00) $ (500.00) $ (500Am) $ (500.00) $ ($00.00) $ (6,553.52) Office Expenses $ -$ $ $ $ - $ $ $ $ (34.35) $ $ - $ $ (34.35) Bank Charges $ $ $ $ $ $ - $ $ - $ - $. $ - $ - $ Rental Commissions '$ $ (3,696.00) $ $ $ - $. $ • $ - $. - $ - $ - $ $, (3 Electricity ' $ (224.56) $ (197.99) $ (394.46) $ (519.52) $. $ (268.48) $ - $ - $' - $ (871.53) $ (35.99) $ (35.99) $ (2,548.52) sweep!ng $ (300.00) $ (600.00) $ (300.00).$ - $ (300.00) $ $ (600.00) $ (300.00) $ (300.00) $ (300.00) $ .(300.00) $ (300.00) $ (3,600.00) Po,ter'servico $. (90.00):$. $ $ $ - $ $ $ - $ - $ $ $ - $ (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 SPdn).ler /Alarm $ (150.06) $ - $ - $ - $ $- $ . $ - $ - $ (450.00) $ - $ - $ .(600.00) Hard Surface Repair _ $ - $ - $ $ $ $ $ $ - $ $ - $ - $ - $ Asphalt $. $ - $ - $ $ $' - $ - $ $ •. $ - $ $ $ EIKSUpplles $ (60.39) $ (514.86) $ - $ - $. $ $ $ $ - $ '$ - $ - $ .(575.25) Mnic9opplies $ - $ - $ $ $ $ $ $ $.. $ $ $ $ Roofing Repair $. (615.38) $ $ $ $ $ $ $ -. $, -. $ - $. -. $ $ (625.38) Sign3ge $ $ $ $ $ $ $ $ $ $ (372.00). $ $ $ (37400) TOTAL EXPENSES $ (2,547.09) $ (6,423:61) $ (1,514.46) $ (1,019.52) .$ (1,120.00) .$ (768.48) $ (1,740.00) $ . (1,120.00) $ (1,154.35) $ (2,813,53) $ (1,15599) $. (1,155.49):.$ (22,535.02) ADJUSTMENTS Operating Balance $ $ $.(10,000.00) $ $ - $ $ - $ $ - $ - $ - $ $ (10,000.00) TOTALADJUSTME)1TS $ $ $ (10 $ '$ $ $ S - S $ $ - S $ (10,000.00) NETPROFIT /(LOSS)•CHECK $ 16,871.91 $ 12,993.39 $ 10,861.54 $ 18,399.48 $ 18,199.00 $ .18,650.52 $ 17,679.00 $ 18,299.00 $ 18,264.65 $ 16,60S.47 $ 18,263.01 $ 18,763.01 $ 203,449.98 Total Rental Income Posted $ 19,419.00 $ .6,876.69 $ 17,60 &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 IS: EDC4BFUND 01: ADMINISTRATION 5101 -01-00 SALARIES 5107 -01.00 OVERTIME 5111 -01-00 AUTO ALLOWANCE 5114-01.00 LONGEVITY 5115 -01.00 RETIREMENT 5116-01.00 UNEMPLOYMENT INSURANCE 5117 -01.00 FICA 5110 -00 MEDICAL INSURANCE 5120 -01.00 LIFE INSURANCE 5121 -01.00 DENTAL INSURANCE 6122 -01.00 VISION INSURANCE 5190.01.00 VACATION /SICK/TERM /LEAVEADJ PERSONNEL 5220-01.00 UNIFORMS 5240-01.00 PRINTED SUPPLIES 5260 -01.00 GENERAL OFFICE SUPPLIES 5261 -01.00 POSTAGE 5280-01 -00 MINOR EQUIP /SMALLTOOLS <$5K 5290-01.00 EXPENDABLE SUPPLIES SUPPLIES 5403-01 -00 BUILDING MAINTENANCE 5440-01.00 OFFICE EQUIP /SOFAVAREMAINT MAINTENANCE 5501-01-00 ADVERTISING 5510-01.00 ASSOC DUES /PUBLICATIONS 5512 -01.00 CONTRACTUAL SERVICES $525-01-00 TRAININGISEMINARS 5565-01.00 LEGALSERVICES 5567 -01-00 AVDITSERVICES 3569 -01.00 IT SUPPORT 5570-01.00 SPECIALSERVICES 5575-01 -00 EQUIPMENT RENTAL 5578.01 -00 TRAVEL 5580 -01.00 ENGINEERING SERVICES 5585-01.00 TELEPHONE$ERVICE$ 5595 -01.00 ADMIN CHARGE- GENERAL FUND SUNDRY 5610-01 -00 VISUALGRANT 5615 -01'00 FUNCTIONAL GRANT 5625-01.00 ISSUANCE COST DEBT 5701.01 -00 TRANSFER OUT - GENERAL FUND 5714 -01-00 TRANSFER OUT - DEDICATION FUND 5795-01 -00 TRANSFER OUT -EDC RESERVE FUND TRANSFERS 5800 LAND 5813 -01{70 KENNEDALE ENTRANCE: SIGN 5820-01.00 BUILDING IMPROVEMENT CAPITAL TOTAL EXPENDITURES CRY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE REM SUMMARY FY0 -10 FY09.10 FY09.10 FY09.10 FY10.11 FY10.11 FY10.11 FY10.11 BUDGET AMENDED YID OCT ACTUAL PROPOSED AMENDED YID OCT ESTIMAI FY09-10 FY10.11 E YTD.% YTD% 0.0% 0,09 0.0% 0.0% 0.09 0.09 0.0% 0.0% 0.0% 0.0% 0.0% 0.67. 0.07. 0.0`90 0.09 6.035 0.0% 0.0% 0.0% 0.0% $ $ $ $ $ $ $ $ 0.0% 0.0%. 300 300 300 300 300 0.0% 010% 25,000 22,000 5,815 20,646 22.000 22,000 22,000 26.4% 0.07. 500 500 155 250 250 250 0.07. 0.0�. 1,000 600 500 506 500 0.0% 0.07. 1,000 2,500 196 11000 1,000 0.0% Q.W. 1,500 1,000 - 12 000 4,000 4,000 0.07. 0.0. $ 29,300 $ 24,300 $ 5,815 $ 21.,009 $ 27,050 $ 27,050 $' $ 27,050 :23.9% 0.07. ;1,500 1,500 4,376 1,500 0.0% 0.07. 0.0% 0.07. $ $ $ $ ,4,376 $ $ $ $ 0.0 % 0.0% i I,000 51000 21010 5,000 5,000 5,000 0.0% OAgS 1,000 200 - 3,475 1:.3,375 3,375 - 3,375 0.07. -0.07. 0.0% 0.09 2,500 1,000 11000 1,000 1,000 0.0% 0.0% 40,000 40,000 25,322 25,000 25,000 25,000 0.07. 0.0 4,000 4.000 11500 ;1,500 1,500 1,500 0.0% 0.07. - - - - - - 0.0% OAS 78,920 103,420 31791 162,725 95,420 95,420 3,500 95,420 3.7% 3.77. - 358 - - - 0.09 0.0% 6,000 700 122 700 700 700 0,070 0.0% - - 0.070 0.07. - - - OW. W. 0,0% 56,717 52,862 11966 66,200 58,715 58,715 4,222 58,715 7.27. $ 200,137 $ 207,182 $ 5,757 $ 261,711 $ 140,710 $ 190,710 $ 7,722 $ 190,710 2.8% 4.0% 501000 0.0% OA%. 0.0% 0.0% 0.09 0.0% $ '$0,000 $ $ S $ $ S $ 0.0% 0.0% 10,000 1 0.09 0.0% - 0.0-70 0.0`9. 0.09 0.0% $ 10,000 $ 1 $ $ $ $ $ 5 0.0 0.0% 25,000 - 380,984 101000 10,000 10,000 0.07. 0.07. 45,000 45,000 - :45,OOD 45.000 - 45,000 0.0% 0.0% 25,000 369,078 351.004 15,000 15,000 15.000 0.0% 0.09 $ 95,000 $ 414,078 $ $ 731,988 $ 70,000. $ 70,000 $ $ 70,000 0.0'7. 0.0% $ 384,437 $ 646,660 $ 11,672 $1,019,084 $ 287,760 $ 267,760 $ 7,722 $ 287,760 1.8% 2.7% 'EXEMPLIFYING EXCELLENCE "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC4B FUND 01: ADMINISTRATION 03; DEBT SERVICE PY09.10 FY09.10 FY09 -10 FY09.10 FY10.11 FY10.11 FY16.11 FY10.11 FY09.10 FY10•I1 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD OCT ACTUAL PROPOSED AMENDED YTD OCT ESTIMATE YTD % YTD % 5620 -01 -03 ISSUANCE COSTS - 0.07. 0.0% 5621 -01 -03 PAYING AGENT FEES - - 0,0% 01070 5643.01 -03 2007 $1,2M TAX BOND- INTEREST 79,230 79,230 39,534 79,149 76,798 76,798 38,277 76,798 49.9 % 49.8% 5643 -01.03 2007 $1,2M TAX BOND- INTEREST 35,000 35,000 35,000 35,000 35,000 35,000 0.0% 0.0% DEBT $ 114,230 $ 114,230 $ 39,534 $ 114;149 $ 111,798 $ 111,798 $ 38,277 $ 111,798 34.6% 34,270 5702 -01 -03 TRANSFER OUT -DEBT SERVICE FUND 25,000 26,540 15019 154,619 39,809 154,619 0.07 25.7% TRANSFER $ $ 25,000 $ $ 26,540 $ 154,619 $ 154,619 '$ 39,809 $ 154,619 0.07. 25.7% TOTAL EXPENDITURES $ 114,230 $ 139,230 $ 39,534 $ 140,689 $ 266,416 $ 266,416 $ 78,087 $ 266,416 28,4% 29,37. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC48FUND 02: TOWN SHOPPING CENTER FY09 -10 FY09.10 FY09.10 FY09.10 FY10.11 ! FY10.11 FY10 -11 FY10.11 FY09 -10 FY10.11 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD OCT ACTUAL PROPOSED ` AMENDED YTD OCT ESTIMATE YTD % YTD % 5280 -02-00 MINOR EQUIP /SMALL TOOLS<$5K 4,560 4 50 625 4,560- 4,560 4,560 1.17. 010% SUPPLIES $ 4,560 $ 4,560 $ 50 $ 625 $ 4,560 $ 4,560 $ $ 4,560 1,1% 0.0% 540302 -00 BUILDING MAINTENANCE 23,790 23,790 705 13,528 17,790 17,790 845 17,790 3.02. 4.7% MAINTENANCE $ 23,790 $ 23,790 $ 705 $ 13,528 $ 17,790 $ 17,790 $ 845 $ 17,790 3.0% 4.7 % 5501 -02.00 ADVERTISING - - - -' - - - 0.0% 0.0% 5510-02 -00 ASSOC DUES /PUBLICATIONS - 0,07. 0.07o 5512.02 -00 CONTRACTUAL SERVICES - - - - - 0.0% 0.0% 5530-02 -00 ELECTRIC SERVICES 7,800 7,800 132 2,681 7,800 7,800 36 7,800 1.7% 05% $545 -02 -00 INSURANCE - PROPERTY - - 3,779 4,000 4,000 3,401 4,000 0.0% 85,0% 5565.02 -00 LEGALSERVICES - 3,534 . #DIV 101 0.0% 5570-02 -00 SPECIAL SERVICES 91600 91600 - 10,137 6,000= 61000 .500 6,000 0.0% 8,37. SUNDRY $ 17,400 $ 17,400 $ 3,666 $ 16,596 $ - 17,800 $ 17,800 $ 3,937 $ 17,800 21.1% 22.1% TOTAL EXPENDITURES $ 45,750 $ 45,750 $ 4,421 $ 30,750 $ 40,150 $ 40,150 $ 4,782 $ 40,150 9.7% 11.97. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDA IF, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15: EDC48 FUND 03; TOWN CENTER REDEVELOPMENT ACCOUNT ACCOUNT NAME FY09.10 BUDGET FY09.10 AMENDED FY09.10 YTD OCT FY09.10 ACTUAL FY10 -11 PROPOSED - FY1011 AMENDED FY10.11 YID OCT FY10.11 - ESTIMATE FY09JO YTD % FY10-11 YTD % 5570 -03 -00 SPECIAL SERVICES 100,000 266,667 - 117,265 - - 0.0% 0,07. 5579 -03.00 ARCHITECT /DESIGN SERVICES 75,000 266,667 1,508 62,552 26,000 26,000 26,000 0.6 % 010% 5580 -03 -00 ENGINEERING SERVICES 25,000 266,667 19,516 15,300 15,300 15,300 0.0% 010% SUNDRY $ 200,000 $ 800,000 $ 1,508 $ 199,334 $ ,41,300 $ 41,300 $ $ 41,300 0.2% 010 %. 5875 -03-00 CONSTRUCTION - - 490,350 127,501 127,501 8,041 127,501 0.0% 6.37. CAPITAL $ $ $ - $ 490,350 $ «'127,501 $ 127,501 $ 0,041 $ 127,501 0.07. 6,3% $ 200,000 $ 800,000 $ 1,508 $ 689,603 $ 160,001 $ 160,801 $ 8,041 $ 168,601 0.2% 4.6% "EXEMPLIFYING EXCELLENCE' RESOLUTION NO. 002 A RESOLUTION REQUESTING THE IMPOSITION OF AN ASSESSMENT FOR THE KENNEDALE TOWNCENTER DEVELOPMENT DISTRICT WHEREAS, the Kennedale Economic Development Corporation has planned to develop a TownCenter to encourage development and create community cohesion; WHEREAS, the Kennedale Economic Development Corporation has acquired appropriate property to utilize for the TownCenter development creating opportunities for economic development and growth within the city; WHEREAS, funding through an assessment is necessary to assist in the funding of the Kennedale TownCenter; AND WHEREAS, the Kennedale Economic Development Corporation desires to establish an assessment; NOW, THEREFORE, BE IT RESOLVED BY THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION, KENNEDALE, TEXAS: 1. The Kennedale Economic Development Corporation hereby requests the TownCenter Development District to establish an assessment based on the newly adopted collective tax rate of $ 2.8968580. PASSED AND ADOPTED this 14 day of December 2010. F. a a KSA .a President, Robert P. Mundy ATTEST: Kelly Cooper, Interim City Secretary