06.17.2008 EDC Minutes (2)272
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JUNE 17, 2008
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
President, Robert Mundy called the meeting to order at 7:21 p.m.
Members present: President, Robert Mundy; Vice - President, Beverly Hayes, Board of Director's
Megan Husby, Rebecca Mowell, Darrell Erwin, Donnie Graham, and Doug Parker.
Members absent: None
Staff present: Mike Soab, KEDC Director, and Clifford Blackwell, III, Treasurer.
I. REGULAR ITEMS
a. Presentation and discussion of Economic Development issues including: the ins
and outs of 4B corporations, available ED incentives, and examples of successful
ED practices that communities are utilizing.
Janie Havel, North Texas Regional Rep for the Governor's Office on Economic
Development and Tourism, and Julie Johncox with the State of Texas, Office of
Comptroller briefed the board on available ED incentives, ED programs, and
differences between 4A and 4B corporations. Various brochures were then
presented to members for review, which related to economic development.
b. Review and consider approval of minutes: Regular meeting dated May 13, 2008.
Doug Parker moved to approve the meeting minutes dated May 13, 2008 as
submitted, second by Darrell Irwin. Doug Parker, Darrell Erwin, Megan Husby,
Robert Mundy, and Donnie Graham voted aye, while Beverly Hayes abstained due
to absence at the May 13 meeting. Motion carried (6 -1 -0).
c. Review and consideration of payments to Sundance Metal Fabricators, LLC d.b.a.
Sundance Fence and Iron for Visual and Functional Grants.
Mike Soab, KEDC Director advised the board that he inspected the property, and
found that the applicant met the requirements for payment.
Donnie Graham moved to authorize KEDC grant reimbursement payments to
Sundance Metal Fabricators, LLC d.b.a. Sundance Fence and Iron in the amount of
Five Thousand Dollars ($5,000.00) for approved Visual Revitalization expenses,
and Twenty Eight Thousand, Eight Hundred Twenty Five Dollars and Fifty Cents
($28,825.50) for approved Functional Revitalization expenses. Motion second by
Doug Parker. Motion carried unanimously (7 -0).
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d. Review and discuss EDC Financial Reports.
Clifford Blackwell, III, Treasurer provided the board with a corrected Income
Statement and corrected Financial Report. Income statement reflected a transfer
out for Sonora Park, and financial report reflected a revision to rental income.
Discussion then ensued with the sales tax revenue, KEDC monthly financial data
report, and grant recap that have been awarded.
e. Review and discuss KEDC FY2009 budget additions and /or modifications.
Mike Soab, KEDC Director advised that the process for formulating new projects
was being undertaken, and a question had been proposed regarding signage for
Rodgers Farm Park. Soab inquired if there were any other projects that the Board
wanted to consider for the fiscal year budget 2008 -2009.
Robert Mundy suggested that a recommendation come from the Park Board
regarding possible locations for additional signage. One, suggest a location for a
large sign, and two suggest a location for a small sign.
Consensus of the board was to provide funding for new signage and stay with the
same style of the city entrance sign on Little Road.
Soab then recommend that funds be budgeted for a cosmetic upgrade (painting) to
the outside facade of the shopping center, as well as a painting of a mural reflecting
a rail road locomotive to coincide with the shopping center theme in an amount not
to exceed Forty Thousand Dollars ($40,000.00).
Additional projects discussed included new banner signs, light poles with
windmills, TIF District, and grants. Soab said monies would be placed in the
budget, and the board could come back and advise as to which project would
receive fmal funding.
II. STAFF ANNOUNCEMENTS/REPORTS
a. Executive Director Announcement/Reports — No announcements /reports.
b. KEDC Director Announcement/Reports.
Prior to receiving KEDC Director announcements /reports, President, Robert
Mundy recessed the meeting at 9:35 p.m. for a short break. President, Robert
Mundy reconvened into open session at 9:39 p.m.
Mike Soab, KEDC Director provided a report on the following:
1. Meeting with Commissioner, Marti VanRavenswaay in regards to a JPS Health
Clinic; and
2. Activities report reflecting an overview of work conducted by the EDC
Director within the last two years;
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III. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
a. President Announcements/Reports
President, Robert Mundy reported on what he learned from attendance at the recent
ICSC Conference, which included:
1. Importance of staff attendance at conference;
2. Encouragement about economic development in Kennedale;
3. Impressed with Mayor, Bryan Lankhorst and his pro economic development;
4. Need to update Mike Soab's contact list;
5. Learning about negative feedback in regards to why "not" to come to
Kennedale, which provides important information so staff can work to turn the
issue into a positive situation, as well as providing knowledge of persons not
to contact; and
6. Educational opportunities as to where the economy is headed and what
opportunities are available.
b. Board of Directors Announcements /Reports
Vice - President, Beverly Hayes announced that upcoming strategic planning work
sessions are in the process of being scheduled.
Megan Husby, Board of Director announced that business associates of hers have
noticed that Kennedale is extremely progressive in improving the image of the
City, and that school board members are pro active compared to other cities.
Husby said this is a plus for the City.
President, Robert Mundy recessed the meeting at 9:56 p.m. to enter into executive
session.
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.
V. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY
PURSUANT TO EXECUTIVE SESSION.
President, Robert Mundy reconvened into open session at 10:08 p.m., and announced no
action would be taken pursuant to executive session.
VI. ADJOURNMENT
Megan Husby moved to adjourn the meeting at 10:09 p.m., second by Darrell Erwin.
Motion carried (7 -0).
ATTEST:
APPROVED:
Kathy Turner, Secretary to EDC )President, Ro s ert undy-