03.25.2010 EDC Minutes332
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — MARCH 25, 2010
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
CALL TO ORDER
President Mundy called the regular meeting to order at 7:16 p.m.
II. ROLL CALL
Kathy Turner, Secretary called roll with the following persons present:
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
Sakura Moten - Dedrick Treasurer
Jack Thompson Orasi Development — Contract Provider
III. REGULAR ITEMS
A. Review and consider action to approve regular meeting minutes dated February 16, 2010.
Mark Yeary moved to approve regular meeting minutes dated February 16, 2010 as
submitted, second by Darrell Erwin. Motion carried unanimously (7 -0).
B. Review KEDC Financial Reports.
Sakura Moten- Dedrick, Treasurer addressed the January 2010 EDC Financials and fielded
questions.
C'. Review and consider action to approve Independent Audit Report for year ended
September 30, 2009.
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Sakura Moten - Dedrick, Treasurer indicated the city's Auditing Firm, Patillo, Brown & Hill
were not in attendance due to scheduling conflicts, and requested that the item be brought
back before the board at the next meeting.
D. Review and consider financial incentive to MasTec to open a distribution office in
Kennedale.
Darrell Erwin moved to offer MasTec a relocation assistance grant in an amount not to
exceed $6,000.00, second by Donnie Graham. Motion carried unanimously (7 -0).
Review and consider action to change date and time of future meetings — April 13th
Bob Hart, Executive Director indicated that the bid opening for the TownCenter
was scheduled for April 5, 2010, and recommended the EDC meeting be moved up
to the 13th for consideration, which would put the EDC in position for the
TownCenter Ground Breaking scheduled on the 24th of April. With no conflicts
amongst board members, meeting will be scheduled for Tuesday, April 13th
IV. STAFF ANNOUNCEMENTS/REPORTS
A. KEDC Executive Director Announcement/Reports
Agreement with the United States Fallen Heroes Memorial Foundation. — Bob Hart,
Executive Director indicated that the project was running smoothly, and that an
announcement would come on Memorial Day at Ranger Stadium.
2. TownCenter ground breaking — April 24th at 10:00 AM — Bob Hart, Executive
Director reminded the board of the upcoming TownCenter ground breaking.
3. Board Appreciation Dinner — April 29th at 6:30 PM — Bob Hart, Executive Director
reminded the board of the scheduled board appreciation dinner that will be held in the
Life Fellowship Church.
B. Orasi Development Report — Jack Thompson, EDC contract provider updated the board on
recent development meetings, and ground breaking of the TownCenter.
V. PRESIDENTBOARD ANNOUNCEMENTS /REPORTS
A. President Announcements /Reports
1. Report agenda items to be posted for future meetings — April 13th
Doug Parker requested an agenda item be added to the April 13th meeting to
include consideration of funding to the Keep Kennedale Beautiful
Commission for signage.
Bob Hart, Executive Director invited the board to attend an Economic
Analysis Report prepared by UTA on May 5th at 3 p.m., and a joint workshop
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with the City Council on May 13th, in which UTA students would present a
Capstone Project Report on Industrial and Redevelopment of Oak Crest.
With no other items to report, President Mundy recessed the meeting at 7:57
p.m.
VI. EXECUTIVE SESSION
A. The Economic Development Corporation will meet in closed session pursuant to Section
551.087 of the Texas Government Code to deliberate the offer of a financial or other
incentive to a business prospect with which the city is conducting economic development
negotiations.
1. Fallen Heroes Monument
2. 1000 E. Kennedale Parkway
3. 5500 W. Kennedale Parkway
VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO
EXECUTIVE SESSION, IF NECESSARY.
President Mundy reconvened into open session at 8:36 p.m.
A. Consider action on 5500 W. Kennedale Parkway.
Beverly Hayes moved to approve the Resolution and any associated actions
required authorizing Bob Hart, Executive Director to sign the contract for the
property at 5500 W. Kennedale Parkway at the amount discussed in executive
session. Doug Parker seconded the motion and all members voted in favor. Motion
carried (7 -0).
VIII. ADJOURNMENT
ATTESI
l
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
voting in favor. Motion carried (7 -0). Meeting adjourned at 8:39 p.m.
Kathy Tura -r, Secretary
APPROVED:
P esident, Robert Mu dy