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03.18.2008 EDC Minutes (2)262 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — MARCH 18, 2008 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President, Robert Mundy called the meeting to order at 7:16 p.m. Members present: President, Robert Mundy, Vice - President, Beverly Hayes, Board of Directors, Rebecca Mowell, Megan Husby, Doug Parker, Darrell Erwin, and Donnie Graham. Members absent: None Staff present: Bob Hart, KEDC Executive Director, Mike Soab, KEDC Director, and James Cowey, Building Official. I. REGULAR ITEMS a. Introduction and seating of Megan Husby, new KEDC Board of Director (Place 6). President, Robert Mundy welcomed new Board of Director, Megan Husby to the board. b. Review and consider minutes: regular meeting dated February 19, 2008 and special meeting dated March 4, 2008. Doug Parker moved to approve the meeting minutes dated February 19, 2008 as submitted, and moved to approve the meeting minutes dated March 4, 2008 contingent upon correction to item I -b motion to reflect "On a ratio of 1/3." Motion second by Rebecca Mowell. Motion carried (7 -0). c. Review and consider Visual Revitalization Grant for new Subway Sandwich Shop in future TownCenter Kennedale Project. Rebecca Mowell moved to approve Visual /Functional Revitalization Grants on a 1/7 and 1/3 ratio. Motion second by Donnie Graham. President, Robert Mundy moved to amend motion to decrease Visual grant to zero and increase Functional grant by $10,000.00. Motion failed due to lack of second. Original motion passed 6 to 1 with Rebecca Mowell, Donnie Graham, Vice - President, Beverly Hayes, Megan Husby, Doug Parker, and Darrell Erwin voting aye, while President, Robert Mundy voted nay. Motion carried. d. Review and consider Functional Revitalization Grant for new Subway Sandwich Shop in future TownCenter Kennedale Project. This item was approved under Item I -c. 263 e. Review financial monthly reports. Mike Soab, KEDC Director advised the Board that six months of reports would be available for review at the next KEDC meeting. Soab also advised that the audit year -end was included in the packet for review, and if any questions arise to please email him and he would forward to the Director of Finance for his review and response. Board of Directors questioned the timing of reports being presented and recommended reports are available in the packets for review. f. Review and discuss status of TownCenter Plaza project. g. Mike Soab, KEDC Director provided an update to the TownCenter Plaza fountain and eagle statue, which would pay tribute to our Veterans. In addition, Park Board Members David Smith and Mike Bevill were present to give insight to the TownCenter Plaza. Smith thanked the Board for allowing the Park Board to participate in the project, and said that the Board is very receptive to the project. Bevill added that he had visited with some Veterans and that they are very pleased with the idea that the City is recognizing their efforts. He said that the Park Board unanimously supports the project, and is also looking into selling bricks and benches for the plaza, as well as installing a brass plaque noting the dedication. Review and discuss job description for KEDC Board of Directors. Bob Hart, City Manager and KEDC Executive Director provided a generic KEDC job description similar to the other city board /commission member descriptions for review. Recommended revisions were discussed with final draft to be presented to the board along with the other city board /commission descriptions prior to the next meeting. II. STAFF ANNOUNCEMENTS/REPORTS a. Executive Director Announcement/Reports. Bob Hart, City Manager and Executive Director reminded the board of the upcoming appreciation dinner to be held on March 27th at 6:30 p.m. in the Life Fellowship Church, and reminded each to submit their dinner selection. b. KEDC Director Announcement/Reports. No announcements and or reports. III. PRESIDENT/BOARD ANNOUNCEMENTS /REPORTS a. President Announcements /Reports President, Robert Mundy reported on the following: 1. Recommended scheduling a workshop to review requirements for visual /functional grants; 2. Recommended monthly financial reports be included in packets; 264 3. Recommended email responses be curtailed to KEDC Director only to prevent violations in the Open Meetings Act. b. Board of Directors Announcements/Reports Board of Directors suggested legal counsel attend the workshop to receive clarification on what grant monies can and cannot be spent on. Bob Hart, City Manager and KEDC Executive Director recommended that a 4A and 4B consultant be brought in to advise the Corporation on current trends and current practices. IV. EXECUTIVE SESSION The Board of Directors will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, sale, exchange, lease, or value of real property. No executive session was held. V. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION. No executive session was held. VI. ADJOURNMENT Megan Husby moved to adjourn the meeting at 8:49 p.m., second by Donnie Graham. Motion carried (7 -0). APPROVED: ATTEST: Kathy Turr er, Secretary to EDC President, Robert I ii