02.16.2010 EDC Minutes328
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING— FEBRUARY 16, 2010
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
I. CALL TO ORDER
President Mundy called the meeting to order at 7:15 p.m.
II. ROLL CALL
Kathy Turner, Secretary called roll with the following board members present /absent:
Present: Robert Mundy President
Donnie Graham Vice - President
Doug Parker Board Member
Beverly Hayes Board Member
Mark Yeary Board Member
Rebecca Mowell Board Member
Darrell Erwin Board Member
Staff members present included:
Bob Hart Executive Director
Kathy Turner Secretary
Jack Thompson Orasi Development — Contract Provider
III. REGULAR ITEMS
A. Review and consider action to approve regular meeting minutes dated January 19,
2010.
Rebecca Mowell moved to approve the regular meeting minutes dated January 19,
2010, second by Mark Yeary. Mowell, Yeary, Mundy, Graham, Parker, and Erwin
voted aye, while Hayes abstained due to absence from meeting. Motion carried (6-
0-1).
B. Review KEDC Financial Reports.
Bob Hart, Executive Director provided the board with a sales tax summary and
entertained questions from the board.
Darrell Erwin moved to approve the December 2009 Financial Reports, second by
Rebecca Mowell. Motion carried unanimously (7 -0).
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C'. Review and consider action to submit Petition to the TDD, Planning and Zoning
Commission, and City Council requesting a portion of Municipal Drive be vacated
and closed.
Donnie Graham moved to authorize President Mundy to execute Petition to close a
portion of Municipal Drive, and forward a recommendation to the various boards
for approval, second by Mark Yeary. Motion carried unanimously (7 -0).
D. Review and consider approval of agreement with the City of Kennedale providing
for the transfer of proceeds from the Sale of Certificate of Obligations, Series 2010
for construction of TownCenter Improvements.
Darrell Erwin moved to authorize President Mundy to execute agreement with the
City providing for the transfer of proceeds from the Sale of Certificate of
Obligations, Series 2010 for construction of the TownCenter Improvements, second
by Donnie Graham. Motion carried unanimously (7 -0).
k. Review and consider action to approve Agreement between Kennedale Economic
Development Corporation and Kennedale TownCenter Development District.
Rebecca Mowell moved to authorize Bob Hart, Executive Director to sign
Agreement between the Kennedale Economic Development Corporation and the
Kennedale TownCenter Development District, second by Darrell Erwin. Motion
carried unanimously (7 -0).
F. Review and consider action to authorize President to execute the Ground Lease for
development of the Kennedale TownCenter.
Darrell Erwin moved to authorize President Mundy to execute the Ground Lease for
development of the Kennedale TownCenter subject to minor changes as determined
by both parties legal counsel. Motion seconded by Doug Parker with all members
voting in favor. Motion carried unanimously (7 -0).
(T. Review and consider action to approve Economic Development Agreement for
Development of Kennedale TownCenter.
Rebecca Mowell moved to authorize President Mundy to execute Economic
Development Agreement for development of Kennedale TownCenter subject to
minor changes as determined by both parties legal counsel, second by Mark Yeary.
Motion carried unanimously (7 -0).
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H. Review and consider action to authorize President to execute a Management Lease
for Management of the Kennedale TownCenter.
Bob Hart, Executive Director indicated that he was not prepared to bring
Management Lease for Management of the Kennedale TownCenter forward at this
time; therefore, no action was taken 011 this item.
Review and consider action to approve Economic Development Project Agreement
with United States Fallen Heroes Memorial Foundation.
Bob Hart, Executive Director reported that work was continuing with the United
States Fallen Heroes Memorial Foundation to secure the location of their planned
memorial in Kennedale, and indicated that the EDC would retain the title to the
property until such time that the memorial had been built and is ready to be
conveyed to the National Park Service. Furthermore, he advised that legal counsel
is finalizing the agreement and he would bring back before the board during their
March meeting.
l . Review and consider action to change date and time of future meetings.
After a brief discussion, it was suggested to schedule the next EDC meeting to
Thursday, March 25, 2010 to allow time for finalization of the Contract for
improvements to the TownCenter.
IV. STAFF ANNOUNCEMENTS /REPORTS
A. KEDC Executive Director Announcement/Reports
1. Industrial activity
• 1000 E. Kennedale Parkway — Bob Hart, Executive Director indicated that
an appraisal has been completed on the building and works are in place to
sell to a potential buyer.
• 705 W. Kennedale Parkway — Bob Hart, Executive Director advised that
talks have been taken place with a potential business in regards to locating
into this building, in which business is a distribution center for satellite
dishes.
2. Kennedale TownCenter activity
David Johnson, President of Cypress Properties and TownCenter Developer
invited all to attend the Chamber Luncheon on February 17, 2010, as he would
be providing an update on the development of the TownCenter.
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• 9 -1 -1 Monument — Bob Hart, Executive Director mentioned that the City
was going to approach FWT, Inc. in regards to assistance with the 9/11
memorial.
• Section House — Bob Hart, Executive Director indicated that plans were to
move the Section House into the TownCenter prior to concrete work
commencing, and restoration to begin in August. Additionally, a fund
raiser is planned to help raise money from the community to assist with
the project. Furthermore, Hart said the Union Pacific Railroad Foundation
provided $2,500 and were willing to provide additional artifacts to go
inside the building. And, an Architectural Agreement in regards to the
Section House would be scheduled before the EDC at the next scheduled
meeting.
3. 16" Water Line Extension
• Water /Sewer extension for QT — Bob Hart, Executive Director
indicated that City Council awarded the bid to extend water /sewer line
improvements during their February 11 meeting.
4. Oak Crest Development - Bob Hart, Executive Director advised that UTA
students would be working with the City to formulate a redevelopment plan
for the area, addressed real estate opportunities within the area, and indicated
that there may be a need for a Phase I or II study.
B. Orasi Development Report — Jack Thompson, KEDC Contract Provider indicated
that the City was awarded the Sustainability Infrastructure Grant, and thanked
Rachel Roberts, Planner for the City in her efforts in completion of the grant. He
also said he was busy supporting Bob and keeping up with potential developments.
V. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
A. President Announcements/Reports
1. Report agenda items to be posted for future meetings.
No additional items were noted to be posted for future meetings.
VI. ADJOURNMENT
There being no further discussion, President Mundy asked for a motion to adjourn.
Rebecca Mowell so moved and Darrell Erwin seconded the motion with all members present
noting in favor. Motion carried (7 -0). Meeting adjourned at 9:00 p.m.
ATTEST:
Kathy Tur
er, EDC Secretary
APPROVED:
President, obert M .? dy