2009_12.08 TDD MinutesMINUTES
f KENNEDALE TOWNCENTER DEVELOPMENT DISTRICT
BOARD OF DIRECTORS
REGULAR MEETING — DECEMBER 8, 2009
CONFERENCE ROOM
I. CALL TO ORDER
Board Member, Lankhorst called the meeting to order at 7:12 p.m.
II. ROLL CALL
City Secretary, Kathy Turner called roll with the following persons present:
Bryan Lankhorst
John Clark
Jerry Miller
Robert P. Mundy
Donnie Graham
Board Member
Board Member
Board Member
Board Member
Board Member
Staff: Bob Hart
Kathy Turner
James Cowey
III. REGULAR SESSION
A. Election of Officers.
City Manager
City Secretary
Director of Development Services
John Clark moved to elect Robert Mundy as Chairman, and Bryan Lankhorst as
Vice - Chairman. Jerry Miller seconded the motion with all board members voting
in favor. Motion carried (5 -0)
B. Review various elements of the Kennedale TownCenter Project.
Bob Hart, City Manager addressed the development of the TownCenter, which is
set up in the Kennedale TownCenter Development District (TDD) to help
facilitate the financing and operations of the TownCenter.
Next, Hart spoke on utilizing Certificate of Obligations to fund the project due to
a good portion of the project being tax exempt, which would save money and
allow for the use of fund balance monies fi•om the Kennedale Economic
Development Corporation (EDC) to do the taxable components for the private
activity. He said an interlocal agreement would follow between the two entities,
and that the debt service payments would be charged against the EDC
Corporation.
Hart then
addressed the
difference between public
and
private activity,
and
explained
the allocated
costs between the two for
all
components for
the
c
MINUTES
KENNEDALE TOWNCENTER DEVELOPMENT DISTRICT
BOARD OF DIRECTORS
REGULAR MEETING — JANUARY 26, 2010
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
I. CALL TO ORDER
Chairman Robert Mundy called the meeting to order at 7:16 p.m.
II. ROLL CALL
Kathy Turner, City Secretary called roll with the following persons present /absent:
Robert Mundy
Bryan Lankhorst
John Clark
Donnie Graham
Jerry Miller
Chairman
Vice - Chairman
Board Member
Board Member
Board Member
Staff present:
Bob Hart
Kathy Turner
City Manager
City Secretary
III. REGULAR ITEMS
A. Review and consider action to approve meeting minutes dated December 8,
2009.
Jerry Miller moved to approve meeting minutes dated December 8, 2009, second
by Vice - Chairman Lankhorst. Motion carried unanimously (5 -0).
B. Review and consider action to accept Petition for financing services and
improvements with assessments for properties located within the Kennedale
Retail Center ( Kennedale TownCenter).
John Clark moved to accept Petition to finance TownCenter improvements,
second by Vice - Chairman Lankhorst. Motion carried unanimously (5 -0).