2014_01.28 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
January 28, 2014
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
CALL TO ORDER
Robert Mundy called the meeting to order at 7:02PM.
II. ROLL CALL
Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Adrienne Kay, Ronald Whitley, Mike
Johnson.
Absent: none
III. MINUTES APPROVAL
A. Consider approval of minutes from the November 26, 2013 meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Mark Yeary Seconded By
Pat Turner
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for November 2013.
Sakura Moten - Dedrick presented the report, noting that the annual audit process would be starting this
month.
Motion To approve the financial report as presented. Action Approve, Moved By Adrienne Kay
Seconded By Ron Whitley
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director.
1. TXDOT variance request on Kennedale Parkway
Bob Hart gave an update on this item, noting that discussing with TXDOT were ongoing.
2. Green Ribbon Grant project status
Bob Hart gave an update on this item, noting that the city was currently waiting on TXDOT's
final acceptance of the completed project.
3. 12 at 12 Meeting
Bob Hart gave an update on this item, noting that the first meeting was well attended and well
received by those in attendance.
4. Link Street project with Tarrant County
Bob Hart noted discussions with Tarrant County regarding this project were ongoing.
5. Urgent Care Clinic update
Bob Hart noted that conversations with the current developer of the property were ongoing
and that the clinic is still slated to open this year.
6. Red's Roadhouse update
Bob Hart provided an updated on the restaurant.
President Mundy recessed the meeting into executive session at 7:23PM.
VI. EXECUTIVE SESSION
A. The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of
the Texas Government Code to deliberate the purchase, lease, or value of real property.
1. Discuss the sale of Oak Crest pad sites.
2. Discuss lease of Building 1 in Kennedale TownCenter
3. Discuss sale of 1000 E Kennedale Parkway.
B. 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
project with whom the city is conducting economic development negotiations.
1. Discuss incentives for hotel development.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 8:50 PM.
Motion To authorize the Executive Director to sign an agreement regarding the sale of 1000 E
Kennedale Parkway. Action Approve, Moved By Ron Whitley Seconded By Rebecca Mowell
Motion Passed Unanimously
Motion To authorize the President to sign the plat related to the sale of 1000 E Kennedale Parkway.
Action Approve, Moved By Mike Johnson Seconded By Rebecca Mowell
Motion Passed Unanimously
Motion To authorize the To authorize the Executive Director to sign an agreement regarding the sale
of Oak Crest Pad Sites. Action Approve, Moved By Mark Yeary Seconded By Pat Turner
Motion Passed Unanimously
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -71 69
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Pat Turner, Seconded By Ron Whitley.
Motion Passed Unanimously
The meeting was adjourned at 8:08 PM.
APP VED:
President Robert Mun
ATTEST:
f� U
City Secretary Am thyst G. Sloane
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169