07.29.2008 EDC Minutes (2)279
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
SPECIAL MEETING — JULY 29, 2008
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
7:15 PM
President, Robert Mundy called the meeting to order at 7:17 p.m.
Members present: President, Robert Mundy, Board of Director's Rebecca Mowell, Megan Husby,
Doug Parker, and Donnie Graham.
Members absent: Board of Director's Beverly Hayes, and Darrell Erwin.
Staff present: Mike Soab, KEDC Director.
In addition, grant applicants Deborah Ridenhour and Shelly Hibbard representing The Pit Stop
Cafe were present.
I. REGULAR ITEMS
a. Review and consideration of an economic development revitalization grant
application from Deborah Ridenhour and Shelly Hibbard dba The Pit Stop Cafe for
interior and exterior improvements.
President Mundy advised that two issues were before the board: the grant issue,
and additional improvements to be approached at a later date.
Rebeccca Mowell moved to approve grant application as presented less the walk in
cooler ($26,856.69) at 20 percent, contingent upon performance agreement
stipulating applicants obtain a lease for a minimum of five years. Motion second
by Doug Parker.
President, Robert Mundy moved to amend the motion to remove the termite
treatment cost ($625.00), and to remove the new roof ($8,645.07) from the grant
application. Amendment failed due to lack of second.
Original motion passed unanimously (5 -0).
President, Robert Mundy moved that the Board direct the staff to work with the
applicant and indicate that they are willing to consider a phase two to the grant to
be submitted not less than 60 days from today's date, July 29, 2008. Rebecca
Mowell moved to second the motion.
A brief discussion took place regarding clarification of the grant. President Mundy
advised the city staff and applicant that the Board was willing to consider
additional items as they recognized the emergency nature of this application. The
applicants were not able to delay the air conditioning due to the summer heat;
therefore they were not able to submit a grant application with all planned
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improvements. Mundy said additional expenses, if approved, may be rolled into
one grant, or it may be considered separate, whichever is easiest for staff.
Motion carried unanimously (5 -0).
II. ADJOURNMENT
Doug Parker moved to adjourn the meeting at 7:44 p.m., second by Rebecca Mowell.
Motion carried (5 -0).
APPROVED:
ATTEST:
Kathy Turner, Secretary to EDC
President, ' obert Mun