05.13.2008 EDC Minutes (2)269
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — MAY 13, 2008
405 MUNICIPAL DR. KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
President, Robert Mundy called the meeting to order at 7:19 p.m.
Members present: President, Robert P. Mundy; Board of Directors, Rebecca Mowell, Donnie
Graham, and Doug Parker. Darrell Erwin arrived at 7:33 p.m.
Members absent: Vice President, Beverly Hayes; Board of Directors, and Megan Husby.
Staff present: Mike Soab, KEDC Director, and Clifford Blackwell, III, Treasurer.
I. REGULAR ITEMS
a. Review and consider approval of minutes: Regular meeting dated April 15, 2008.
Doug Parker recommended that any future document undergoing revisions be
attached to the minutes as an exhibit displaying highlighted additions /deletions for
easy reference. Parker felt that without the document, it was difficult to follow
what revisions had taken place.
Rebecca Mowell moved to approve meeting minutes dated April 15, 2008, second
by Donnie Graham. Motion carried (4 -0).
b. Review and discuss financial monthly reports.
Clifford Blackwell, III, Treasurer addressed monthly reports for the month ending
April 2008.
Blackwell reviewed the income statement and advised Board members that monies
dedicated for park expenditures and future functional /visual grants now reflect as a
liability on month end reports. Monies have not actually been spent, but are
earmarked. He then addressed the sales tax report.
c. Review and consideration of final submittals by Shawna Blakney dba Carpe
Noctem/Kennedale Acres and request for EDC Grant Reimbursement for
Functional Improvements.
Rebecca Mowell moved to authorize payment of $30,000 to Shawna Blackney dba
Carpe Noctem/Kennedale Acres for EDC Functional Revitalization grant
reimbursement, contingent upon issuance of Certificate of Occupancy being
granted by the City, second by Doug Parker. Motion carried (5 -0).
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d. Review and consideration of grant time period rules and guidelines.
Mike Soab, KEDC Director sought clarification from the Board regarding waiting
period rules of time intervals between grant submittals from one
individual/company.
Doug Parker moved to set the grant time period at one per fiscal year (October 1 to
September 30) with the time period starting on the date the board approves the
grant, second by Darrell Erwin. Motion carried (5 -0).
II. STAFF ANNOUNCEMENTS/REPORTS
a. Executive Director Announcement/Reports. —No announcements /reports.
b. KEDC Director Announcement/Reports.
Mike Soab, KEDC Director reported on the following:
1. Perspective interest within the city;
2. Upcoming meetings scheduled at next week's ICSC Conference in Las Vegas;
3. Presented a sample brick that would be within the TownCenter Plaza;
4. Tentative joint meeting scheduled between the Planning and Zoning
Commission and the KEDC for June 26, 2008 to discuss strategic planning;
and
5. Advised that Janie Havel, North Texas Regional Representative for the
Governor's Office on Economic Development & Tourism would be in
attendance at the June meeting;
III. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
a. President Announcements/Reports
President, Robert Mundy reported on the following:
1. Unity and decision making of the Board; and
2. Importance of Kennedale's presence at the ICSC Convention to attract
perspective economic development interest within the City.
b. Board of Directors Announcements/Reports
Doug Parker inquired about the status of Subway. Mike Soab replied that Subway
has agreed to a lease.
Rebecca Mowell thanked Mike Soab, EDC Director for being pro- active in his
work.
IV. EXECUTIVE SESSION - No executive session was held.
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.
a. Property located at 209 N. New Hope Rd., Kennedale, TX (Old City Hall)
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V. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY
PURSUANT TO EXECUTIVE SESSION.
No executive session was held.
VI. ADJOURNMENT
Darrell Erwin moved to adjourn the meeting at 8:22 p.m., second by Rebecca Mowell.
Motion carried (5 -0).
APPROVED:
President, Robert
ATTEST:
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Kathy Turner, Secretary to EDC
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