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03.04.2008 EDC Minutes (2)261 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS SPECIAL MEETING — MARCH 4, 2008 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President, Robert Mundy called the special meeting to order at 7:18 p.m. Members present: President, Robert Mundy, Board of Directors, Darrell Erwin, Rebecca Mowell, and Doug Parker. Vice - President, Beverly Hayes arrived at 7:20 p.m. Members absent: Board of Director, Donnie Graham. Staff present: Mike Soab, KEDC Director and Kathy Turner, Secretary. I. REGULAR ITEMS a. Review and consider Functional Revitalization Grant for Sundance Metal Fabricators, LLC located at 6705 and 6709 Lindale Rd., Kennedale, TX, requested by Chris Rogers. Darrell Erwin moved to approve Functional Revitalization Grant for Sundance Metal Fabricators, LLC. on a 1/7 ratio, max pay out of Thirty Thousand Dollars ($30,000.00), second by Rebecca Mowell. Motion carried (5 -0). b. Review and consider Visual Revitalization Grant for Sundance Metal Fabricators, LLC located at 6705 and 6709 Lindale Rd., Kennedale, TX, requested by Chris Rogers. Doug Parker move to approve Visual Revitalization Grant for Sundance Metal Fabricators, LLC. On a 1/3 ratio, max pay out of Five Thousand Dollars ($5,000.00), second by Vice - President, Beverly Hayes. Motion carried (5 -0). II. ADJOURNMENT Vice President, Beverly Hayes moved to adjourn the meeting at 8:42 p.m., second by Doug Parker. Motion carried (5 -0). APPROVED: ATTEST: Kathy Turner, Secretary to EDC ent, Robert P. undy