06.22.2004 EDC Minutes180
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JUNE 22, 2004
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
President Vaughn called the meeting to order at 7:00 p.m.
Members present: President Vaughn, Vice - President Mundy, Board Members Munn, Hayes, and
Morris.
Members absent: Board Member Farmer.
Staff present: Margaret Eichelberger, Economic Development Director.
A. REGULAR ITEMS
1. Approval of minutes: regular meeting dated May 18, 2004.
Bill Munn moved to approve the meeting minutes as submitted, second by Robert
Mundy. Motion carried.
2. Presentation and consideration to approve city entrance plan by Callahan and Freeman.
Chuck Freeman with Callahan and Freeman presented photos of the proposed city
entrance, and then reviewed preliminary cost associated with such.
Robert Mundy moved to approve plan as presented subject to minor alteration and
location of sign and further consideration of the pole after site plan is ready, second by
Bill Munn. Motion carried.
3. Discuss and consider 2004 -2005 annual Economic Development Corporation budget.
A brief discussion took place regarding the 2004 -2004 budget with recommended
changes to visual /functional grants.
Robert Mundy moved to approve the budget as presented with changes of visual grants
from $60,000 to $100,000, and functional grants from $114,000 to $200,000. Motion
second by Beverly Hayes. Motion carried.
4. Review of financial reports.
Financial reports for the month ending May 30, 2004 were presented for review.
B. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports — President Vaughn introduced Council Member
Nowell and welcomed him to the meeting.
181
2. Board of Directors Announcements/Reports — No announcements /reports.
C. ADJOURNMENT
Bill Munn moved to adjourn the meeting at 7:55 p.m., second by Rob Morris. Motion
carried.
APPROVED:
ATTEST:
Kathy Turner, Secretary to EDC
Vice President Robert