10.16.2001 EDC Minutes124
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — OCTOBER 16, 2001
405 MUNICIPAL DR. — CONFERENCE ROOM
President Vaughn called the meeting to order at 7:05 p.m.
Members present: President Vaughn, Vice President Mundy, Kovach, Eichelberger, and Morris.
* *Amended 1/22/02 ** - Rob Morris was temporarily out of the room when the initial roll call
was taken.
Members absent: John Berry.
Staff present: Ted Rowe, and LiJen Lee. Also present were Eddie Cheatham and David Mayse
with Cheatham and Associates.
ITEM NO. 1— Approval of minutes: regular meeting dated September 18, 2001.
Margaret Eichelberger moved to approve the minutes as submitted, second by Ron Kovach.
Margaret Eichelberger, Ron Kovach, Nita Vaughn and Robert Mundy voted aye, with Rob Morris
voting nay. Motion carried.
* *Amended ** 1/22/02 to reflect that Rob Morris was initially out of the room when the initial
vote on the minutes were taken. However, Mr. Morris did re -enter the meeting and stated his
objection against item number four, paragraph three, which was amended to read as shown
below.
It was suggested that paragraph three under item four be amended to read Board members
questioned the pros and cons of the later route and discussed it. All members were in favor of the
amendment.
ITEM NO. 2 — Review financial reports.
Mrs. Lee provided members with a preliminary month end because final adjustments were not
completed due to year -end. A brief discussion took place regarding the financials with no action
being required.
ITEM NO. 3 — Presentation of final project documentation from Cheatham and Associates.
Mr. David Mayse with Cheatham and Associates presented a bullet draft (Volume One) to
members of final project documentation. The report contained various routes with exhibits
previously reviewed and included Cheathams' conclusions and recommendations.
Mr. Mayse replied that with the boards' approval he would proceed with final documentation of
Volume One and Two and present to the board at the next meeting. With the consent of the
Board, President Vaughn gave approval to proceed.
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ITEM NO. 4 — Consider Chapter 380 program.
Mrs. Eichelberger presented members with a draft contract relating to the implementation of the
Chapter 380 program. Board members discussed terms of the contract and recommended several
changes, which will be sent to legal counsel and then presented back before the board as a draft
contract for review.
ITEM NO. 5 — Staff comments:
Executive Director Report — Ted Rowe briefed members on the potential sale of two businesses
in the Oak Crest area.
Economic Development Director Report — Margaret Eichelberger presented board members with
a drawing reflecting available properties for sale and questioned the board if they would be
interested in purchasing any of the properties. Board members requested a price listing for
review, appraisal of property, square footage of property and buildings, and a copy of any leasing
agreements that may be in place.
ITEM NO. 6 — Future agenda review.
Mrs. Eichelberger will provide additional information requested relating to properties for sale to
members at the next meeting
ADJOURNMENT
Ron Kovach moved to adjourn the meeting at 8:40 p.m., second by Margaret Eichelberger.
Motion carried.
ATTEST: