06.19.2001 EDC Minutes119
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JUNE 19, 2001
405 MUNICIPAL DRIVE — CONFERENCE ROOM
President Vaughn called the meeting to order at 7:00 p.m.
Members present: Nita Vaughn, Robert Mundy, Margaret Eichelberger, John Berry, and Rob
Morris.
Members absent: Ron Kovach.
Staff present: Ted Rowe
ITEM NO. 1— Approval of Minutes: Regular meeting dated March 20, 2001.
John Berry moved to approve the regular meeting minutes dated March 20, 2001 contingent upon
amending item number five motion to add the words "up to" prior to $400,000.00, second by
Margaret Eichelberger. Nita Vaughn, Robert Mundy, Margaret Eichelberger and John Berry
voted aye, with Rob Morris abstaining due to absence of March 20, 2001 meeting.
ITEM NO. 2 — Review financial reports.
Revenue and expenditure reports were provided to board members for the months of April and
May 2001.
Mrs. Li Jen Lee, Treasurer reviewed the reports along with board members and provided an
updated May report with the Sales Tax History.
ITEM NO. 3 — Approval of Audit FY 1999/2000.
Margaret Eichelberger moved to accept the 1999/2000 Audit, second by John Berry. Motion
carried.
ITEM NO. 4 - Consider budget FY 2001/2002.
Margaret Eichelberger gave an overview of the proposed budget for 2001/2002. She stated that
the new budget would be a line item budget, which reflects a five percent increase, and overall
would be much easier to manage.
A brief discussion followed with an overhead charges being recommended towards the Economic
Development Corporation for the use of office space within city hall Board members did not
feel that a charge was warranted at present, therefore, did not incorporate this into the 2001/2001
budget.
John Berry moved to approve the 2001/2002 Economic Development Corporation budget as
presented, second by Robert Mundy. Motion carried.
ITEM NO. 5 — Consider recommendation for potential board member.
President Vaughn recommended that this item be placed on the agenda. She stated that she had
an applicant who is very interested in serving on the board, and questioned other board members
to see if they had a recommendation. With no other recommendations, the board agreed to
forward a recommendation to Council to appoint Mr. Curtis Higgins to the Economic
Development Corporation.
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ITEM NO. 6 — Discussion and update of Business 287 expansion.
Mr. Rowe, Executive Director stated that everything was on schedule with the expansion of
Business 287 with plans being let out in February 2002. He also stated that City Engineers,
Cheatham and Associates are in the process of designing the use of the right -of -way for city
utilities and any area remaining would be designated for gas and phone lines.
ITEM NO. 7 - Staff comments:
Economic Development Director Report — Mrs. Margaret Eichelberger spoke about the
publication in the Ft Worth Business Press Southwest and stated that it did not prompt many
request about the grant program, but she did have other inquiries about grants. She said that
educating people about the grant process was important because there was a misunderstanding on
how the grant is perceived by individuals.
Executive Director Report — Mr. Ted Rowe spoke briefly about two perspective businesses
locating to Kennedale; expansion of Little School Road project and extension of New Hope
Road; new depository agreement with Bank One; finalization of water ground storage tank;
purchase of Oak Crest water system in newly annexed area; process of purchasing water system
from the City of Arlington relating to annexation in South Kennedale; and sewer rate increase of
nearly 45 percent or more.
ITEM NO. 8 — Future agenda review.
For next month's agenda, John Berry requested a report on surplus funds collected in the water
fund, information relating to a bill that the legislature passed on sales tax being used for street
improvement in economic development, as well as road maintenance fees being established on
water bills.
ADJOURNMENT
No other business, Robert Mundy moved to adjourn the meeting at 8:15 p.m., second by Rob
Morris. Motion carried.
ATTEST: