06.26.2006 EDC Minutes217
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JUNE 26, 2006
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
7:15 PM
President Vaughn called the meeting to order at 7:20 p.m.
Members present: President Vaughn, Vice - President Mundy, Board Members Hayes and Knox.
Morris arrived at 7:32 p.m.
Members absent: None
Staff present: Mark White, Interim Executive Director; Mike Soab, EDC Director; Kathy Turner,
Secretary, and Clifford Blackwell, Treasurer.
A. REGULAR ITEMS
1. Consider approval of minutes: regular meeting dated May 16, 2006.
Beverly Hayes moved to approve the regular meeting minutes dated May 16, 2006
contingent upon motion under Item B reflect that Three- Hundred Dollar Car ($300.00)
allowance is a monthly allowance. Motion second by Robert Mundy. Hayes, Mundy,
Morris and Vaughn. Knox abstained due to absence of meeting. Motion carried (3
n
Note: Meeting minutes amended to reflect that Rob Morris arrived after the minutes
were approved. (07 /24/2006)
2. Review of Financial Reports.
Cliff Blackwell, III, Treasurer recapped the financial reports for the month ending May
31, 2006.
3. Discussion on EDC budget for fiscal year 2006 -2007.
A preliminary budget was presented to the board for review, which included an increase
in hours to reflect a full time Economic Development Coordinator with benefits. Firm
figures will be brought back in July for board discussion and consideration.
4. Discuss city entrance sign at Rolling Acres Park.
Discussion took place regarding a proposed conceptual plan for Rolling Acres Park, in
which the City Council would consider authorizing the conceptual plan at its next
meeting. A suggestion was made to include a City entrance sign similar to the one at
Little Road as part of the park development. Staff was asked to explore the possibility of
218
the EDC funding the sign. President Vaughn advised that the board would review
exception law for signs and seek legal counsel advice at its next regular meeting
scheduled in July to consider the possibility of funding additional entrance signs to the
City.
5. Update on conceptual business development plans for Kennedale Parkway and Industrial
sites.
Mike Soab, Economic Development Coordinator provided the board an update and
discussion points that addressed the following: ICSC Convention, Towncenter Concept,
Kennedale Tours, Property Owners Meetings, GSBS Project Update Meeting,
Development Incentives, and Economic Development Budget.
B. STAFF ANNOUNCEMENTS/REPORTS
1. Executive Director Announcements /Reports.
No specific announcements /reports were made.
2. Economic Development Director Announcements/Reports.
Mr. Soab, EDC Director included his announcements/reports under regular item five.
C. PRESIDENT/BOARD ANNOUNCEMENTS /REPORTS
1. President Announcements/Reports
President Vaughn requested that upcoming projects and grants be scheduled for
discussion on the next regular meeting agenda.
2. Board of Directors Announcements /Reports
It was suggested that any updates relating to the corporation and /or meetings be provided
to all board members so all could be kept informed of the latest events.
D. ADJOURNMENT
Rob Morris moved to adjourn the meeting at 8:50 p.m., second by Marsha Knox. Motion
carried (5 -0).
ATTEST:
Kathy Turner, Secretary to EDC