05.18.2010 EDC Minutes339
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — MAY 18, 2010
405 MUNICIPAL DRIVE — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
I. CALL TO ORDER
President Mundy called the meeting to order at 7:18 p.m.
II. ROLL CALL
Kathy Turner, Secretary called roll with the following persons present/absent:
Present:
Absent:
Robert Mundy
Beverly Hayes
Mark Yeaiy
Rebecca Mowell
Darrell Erwin
Donnie Graham
Doug Parker
Staff members present included:
Bob Hart
Sakura Moten - Dedrick
Kathy Turner
Jack Thompson
III. REGULAR ITEMS
A.
B.
President
Board Member
Board Member
Board Member
Board Member
Vice - President
Board Member
Executive Director
Treasurer
Secretary
Orasi Development — Contract Provider
Review and consider action to approve regular meeting minutes dated April 13, 2010.
Darrell Erwin moved to approve regular meeting minutes dated April 13, 2010 as
submitted, second by Rebecca Mowell. Erwin, Mowell, Mundy, and Yeary voted aye,
while Hayes abstained due to absence of meeting. Motion carried (4 -0 -1).
Review KEDC Financial Reports.
Sakura Moten - Dedrick, Treasurer addressed KEDC Financial Reports for the month ending
March 31, 2010.
C'. Review and consider action to approve Independent Audit for year ended September 30,
2009.
Rebecca Mowell moved to approve Independent Audit for year ended September 30, 2009,
second by Beverly Hayes. Motion carried (5 -0).
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D. Review and consider action to authorize President to execute a sales agreement between the
EDC and the City for the sale of Lot 8, Block A, Kennedale Retail Center Addition.
Darrell Erwin moved to authorize President to execute a sales agreement between the EDC
and the City for the sale of Lot 8, Block A, Kennedale Retail Center Addition, second by
Mark Yeary. Motion carried (5 -0).
E. Review and consider action to authorize President to execute a Release of Easement for
easement currently in existence on a portion of the TownCenter property.
Beverly Hayes moved to authorize President to execute a Release of Easement for
easement currently in existence on a portion of the TownCenter property, second by
Rebecca Mowell. Motion carried (5 -0).
F. Review and consider action to authorize President to execute a utility easement to create
public easements for the water and sewer lines to be constructed to serve the TownCenter.
Mark Yeary moved to authorize President to execute a utility easement to create public
easements for the water and sewer lines to be constructed to serve the TownCenter, second
by Darrell Erwin. Motion carried (5 -0).
0. Review and consider action to authorize President to execute an agreement declaring
reciprocal driveway, ingress- egress, and parking easements for the TownCenter.
Darrell Erwin moved to authorize the President to execute an agreement declaring
reciprocal driveway, ingress - egress, and parking easements for the TownCenter, second by
Beverly Hayes. Motion carried (5 -0).
H. Review and consider action to authorize Executive Director to submit a waiver letter from
the Texas Leverage Fund.
Rebecca Mowell moved to authorize Executive Director to submit a waiver letter from the
Texas Leverage Fund, second by Darrell Erwin. Motion carried (5 -0).
Review and consider action to change date and time of future meetings.
After a brief discussion, it was suggested to confirm quorum status prior to the June 15`h
meeting. Hilo quorum is available, meeting date would be scheduled for June 22nd.
IV. STAFF ANNOUNCEMENTS/REPORTS
A. KEDC Executive Director Announcement/Reports
Bob Hart, Executive Director provided updates on the following:
1. Fallen Heroes Monument — Mr. Hart indicated that the City Council took action on
May 13th to convey the property directly to the Fallen Heroes Memorial Foundation,
and that an announcement is scheduled for May 27th at 10:00 AM at the Ballpark in
Arlington, TX. He then briefly described the terms of the agreement and options
available if memorial did not develop as planned.
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2. TownCenter — Mr. Hart indicated that the development of the TownCenter is
proceeding as scheduled, and that moving of the Section House is planned for the last
week of July.
3. SW City Development — No report.
4. Bowman Springs Road — Mr. Hart advised construction is proceeding as planned, and
that once completed the City would end up with a parcel of property, in which
discussion would need to take place in the future on what to do with the property.
Also, Mr. Hart reported that a Strategic Planning Session for the Kennedale Chamber
of Commerce is scheduled for August 4th, and that he has received two inquiries in
regards to the visual and functional grant program.
B. Orasi Development Report
1. ICSC - Jack Thompson, EDC Contractor indicated that he would be in attendance at
the International Council Shopping Center Conference the last week of May, in
which he has obtained marketing material for the TownCenter, and has scheduled
appointments for various properties within the city.
V. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
A. President Announcements/Reports
1. Report agenda items to be posted for future meetings
With no agenda items reported and no further discussion, President Mundy recessed
the meeting at 8:19 p.m. to enter into executive session.
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. 1000 E. Kennedale Parkway
2. 5500 W. Kennedale Parkway
3. 5414, 5420, 5421, & 5424 High Ridge Road
4. Texas Leverage Fund
VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO
EXECUTIVE SESSION, IF NECESSARY.
President Mundy reconvened into open session at 9:03 p.m. with no action taken on
executive session items.
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VIII. ADJOURNMENT
There being no further discussion, President Mundy asked for a motion to adjourn.
Darrell Erwin so moved and Mark Yeary seconded the motion with all members present voting in
favor. Motion carried (5 -0). Meeting adjourned at 9:05 p.m.
APPROVED:
ATTEST:
Kathy Turner, Secretary to EDC
President, Robe ` Mun