05.18.2004 EDC Minutes179
MINUTES OF
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — MAY 18, 2004
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
Vice - President Mundy called the meeting to order at 7:07 p.m.
Members present: Vice - President Mundy, Munn, Morris, and Hayes. President Vaughn arrived at
7:10 p.m.
Members absent: Farmer, and Berry.
A. REGULAR ITEMS
1. Approval of minutes: regular meeting dated March 23, 2004.
Bill Munn moved to approve the March 23, 2004 minutes as submitted, second by Rob
Morris. Motion carried.
2. Presentation and consideration to approve city entrance plan by Callahan and Freeman.
Frank Callahan and Chuck Freeman with Callahan and Freeman made a presentation
regarding associated costs related to the city entrance. Additional information was
requested with another presentation scheduled for next month.
3. Review of financial reports.
Financial reports for the month ending April 30, 2004 were presented for review. A brief
question and answer period took place regarding a negative expense reflecting in the
operating expenditures. It was noted that this was due to a rebate.
B. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports — No announcements or repots.
2. Board of Directors Announcements/Reports — It was noted that the June 15 meeting
would be moved to June 22, 2004.
C. ADJOURNMENT
Vice - President Mundy adjourned the meeting at 8:02 p.m.
ATTEST:
Kathy Turner, Secretary to EDC
OVED:
Pre ident, Nita D. Vau