12.16.1997 EDC Minutes26
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — DECEMBER 16, 1997
100 E. BROADWAY ST. — COMMUNITY CENTER
President Duval called the meeting to order at 6:35 p.m.
Members present: President Bob Duval, Vice - President Margaret Eichelberger, Tom Boone,
John Berry, and Michael Box.
Members absent: Ron Kovach and Nita Vaughn.
Staff present were Ted Rowe and Kathy Turner.
ITEM NO. 1— Consideration of minutes: Regular Meeting — October 21, 1997
Regular Meeting — November 18, 1997
Special Meeting — November 24, 1997
John Berry moved to amend item three on the regular meeting minutes dated October 21, 1997.
The amended minutes should reflect additional comments regarding the new project and that no
new projects were discussed. Mr. Berry also recommended moving the discussion to general
discussion. Motion was seconded by Margaret Eichelberger with board members Duval, Berry
and Eichelberger voting aye; board member Box was opposed; and board member Boone
abstained. Motion carried.
Margaret Eichelberger moved to approve the regular meeting minutes dated November 18, 1997
and special meeting minutes dated November 24, 1997, seconded by John Berry. Motion carried.
ITEM NO. 2 — Update from Ted Rowe regarding separate checking account.
It was suggested that the board set -up an invoice system in which, funds would be transferred
from the Economic Development Corporation to the City to cover expenses related to such. It
was also noted that a separate economic development fund was required for auditing purposes.
John Berry moved to have the president and vice - president approve all invoices for the Economic
Development Corporation, seconded by Michael Box. Motion carried unanimously.
ITEM NO. 3 — Consideration of amendment to the 1997/98 budget regarding refurbishing office
for the Economic Development Director and establishing attorney fees.
It was brought to the attention of the board that funds were available to complete the office for the
Economic Development Director and that a budget amendment was not necessary. Therefore, no
action was taken on this item.
ITEM NO. 4 — Update on quarterly expenses.
A quarterly expense report and an allocation recap was furnished to board members reflecting the
year end balance.
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ITEM NO. 5 — Discussion regarding removal of the City Secretary as Treasurer and of
Appointing the Director of Finance as Treasurer for the Kennedale Economic
Development Corporation Board of Directors.
This item will be placed on next month's agenda for action and will be forwarded to the City
Council for their approval.
ITEM NO. 6 — General discussion.
The president advised the board that the retreat scheduled with Texas Utilities had been
rescheduled due to a conflict, and that the new dates are February 19th and 20th.
There was discussion on how the minutes should be drafted. It was recommended that the
minutes reflect action taken by the board and if there was discussion, a comment reflecting such
without addressing individual names or individual statements.
Also, discussed was the reporting of the economic development director. Board members agreed
that further discussion was needed and it was recommended that a special meeting be scheduled
with the City Council to resolve the issue. On the interim, the economic development director is
to report to the City Administrator until resolved.
There being no other comments President Duval adjourned the meeting at 7:42 p.m.
ATTEST:
Kathy Turner, Secretary
APPROVED:
,r
obe al, President