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11.12.2008 EDC Minutes (2)287 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — NOVEMBER 12, 2008 405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG. COUNCIL CHAMBERS 7:15 PM President, Robert Mundy called the meeting to order at 7:17 p.m. Members present: President, Robert Mundy, Vice President, Beverly Hayes, Board of Directors Doug Parker, Mark Yeary, Darrell Erwin, Rebecca Mowell, and Donnie Graham. Members absent: None. Staff present: Bob Hart, Executive Director; and Mike Soab, KEDC Director. I. REGULAR ITEMS a. Review and consider action to approve minutes: regular meeting dated October 21, 2008, and special meeting dated October 28, 2008. Doug Parker moved to approve the above minutes as written, second by Mark Yeary. Motion carried. (7 -0) b. Review and consider action to approve KEDC Financial Reports. Darrell Erwin moved to approve financial reports as submitted, second by Donnie Graham. Motion carried. (7 -0) c. Review and consider action to change date and time of future meetings. After a brief discussion and no recommendations to move meeting date, it was said that regular meeting scheduled for Tuesday, December 16, 2008 would stand. d. Discussion of Economic Development Director's position. Mike Soab, KEDC Director announced his retirement effective January 31, 2009. II. STAFF ANNOUNCEMENTS/REPORTS a. KEDC Director Announcement/Reports 1. Update on TownCenter Projects. Mike Soab, KEDC Director informed the Board that they were in a due diligence period until January 31, 2009 with David Johnson to move forward with the development of the TownCenter. 288 2. Update on grants for 08/09 and on upcoming grant prospects. Mike Soab, KEDC Director provided an update on the on -going grants for The Pit Stop Cafe and Lance Crosswhite, as well as an overall grant status worksheet for fiscal year 2008. III. PRESIDENT/BOARD ANNOUNCEMENTS /REPORTS a. President Announcements/Reports 1. Report agenda items to be posted for future meetings. President, Robert Mundy questioned board members if they had any items they would like to see posted on a future agenda. No items were brought forth. Additional discussion took place in regards to placement of agenda items on future agendas. It was suggested that board members notify staff at least 72 hours in advance to have an item placed on the agenda, and preferably four workdays in advance to allow for sufficient time to gather appropriate information to distribute in packets. No further discussion, President, Robert Mundy recessed the meeting at 7:32 p.m. to enter into executive session. IV. EXECUTIVE SESSION a. 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. b. The Board of Directors will meet in closed session pursuant to Section 551.074 of the Texas Government Code to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee. V. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION. President, Robert Mundy reconvened into open session at 8:22 p.m. with no action taken on executive session items. VI. ADJOURNMENT Rebecca Mowell moved to adjourn the meeting at 8:24 p.m., second by Darrell Erwin. Motion carried. (7 -0) ATTEST: Kathy Turn '`, Secretary to EDC APPROVED: G e' i f i i r LRt' President, Robert Mundy