02.22.2001 EDC Minutes113
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — FEBRUARY 22, 2001
100 E. BROADWAY ST. — COMMUNITY CENTER
President Vaughn called the meeting to order at 7:00 p.m.
Members present: Nita Vaughn, Robert Mundy, Ron Kovach, John Berry, Rob Morris and
Margaret Eichelberger.
Members absent: None
Staff present: Ted Rowe, LiJen Lee and Dave White.
ITEM NO. 1— Consider approval of minutes from regular meeting dated November 27, 2000.
John Berry moved to approve the regular meeting minutes dated November 27, 2000 contingent
upon correcting the spelling of the word "there" to "their" and "nest" to "next ", second by Robert
Mundy. Motion carried.
ITEM NO. 2 — Review of financial reports.
Treasurer, LiJen Lee reviewed the Revenue and Expenditure report for the period ending January
31, 2001, and Sales Tax History.
A question and answer period followed with the board recommending that grant monies
committed be reflected as a liability.
ITEM NO. 3 — Consider audit for year 1999 -2000.
Mrs. LiJen Lee, Treasurer said she reviewed the audit prior to the meeting and is recommending a
few changes relating to the terminology of the audit, but overall the audit is fine. In addition,
Mrs. Lee provided board of directors with a rewrite of audit notes to compare against the
auditor's notes to see which format they would prefer.
President Vaughn inquired about seeking proposals from auditors. Mrs. Lee replied that
proposals are usually sought every five years for comparison reasons and that once an auditor is
selected a contract would be initiated. She said that she would need direction from the board of
directors before going out for proposals.
ITEM NO. 4 — Review and update of potential projects.
Executive Director, Ted Rowe presented the board with two handouts reflecting staff estimates
for potential street projects (excluding right -of -way acquisition) and proposed 4B economic
development projects.
A brief discussion followed regarding New Hope Road and it was the consensus of the board to
have Cheatham and Associates prepare a study for reconstruction of New Hope Road to three
lanes, extension of a 12 inch water main (6,000 feet), and acquisition of right -of -way.
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ITEM NO. 5 — Consider proposal for engineering feasible study for extension of Little School
Road.
After a brief discussion, board members recommended that Cheatham and Associates provide an
estimate for the extension of Little School Road.
ITEM NO. 6 — Staff comments.
Economic Development Director Report — Mrs. Margaret Eichelberger updated the board on the
completion of the grant issued to Jet Bridge Technology; advised on the status of grant issued to
Burger Box; and informed board members that a link was added to the web page for the City's
Code Book.
Executive Director Report — Mr. Ted Rowe spoke briefly about the location of Wal -Mart within
the city limits of Kennedale and the widening of Highway 287.
Project Coordinator Report - Mr. Dave White provided additional information to board members
regarding the Bowman Springs Road Project. He stated that a meeting was held with the
architect and plans were finalized for the roadway and bridge realignment. In addition, the City
of Kennedale and Arlington must come together with a decision as to where the realignment will
take place. The City will be communicating with Arlington due to funding of the project and this
will determine when the project will commence, as TxDOT has a projection date of 2003.
ITEM NO. 7 — Future agenda review.
For next month's agenda, President Vaughn requested updated information relating to the grant
issued to Burger Box, and requested that the feasible study for New Hope Road be placed on the
agenda for action.
John Berry moved to adjourn the meeting at 8:20 p.m., second by Robert Mundy. Motion
carried.
A'1"1'EST:
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Secretary