07.20.2010 EDC Minutes348
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JULY 20, 2010
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
7:15 PM
I. CALL TO ORDER
President Mundy called the meeting to order at 7:19 p.m.
II. ROLL CALL
Kathy Turner, Secretary called roll with the following persons present/absent:
Present:
Absent:
Robert Mundy President
Donnie Graham Vice - President
Doug Parker Board Member
Mark Yeary Board Member
Rebecca Mowell Board Member
Darrell Erwin Board Member
Beverly Hayes Board Member
Staff members present included:
Sakura Moten - Dedrick Treasurer
Kathy Turner Secretary
Jack Thompson Orasi Development — Contract Provider
III. PUBLIC HEARING
President Mundy opened the public hearing to receive citizens input regarding the Kennedale
Economic Development Corporation's intent to participate in "Projects," as defined in the
Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated
Article 5190.6, including, but not limited to, designing, acquiring, improving, and operating the
following:
(1) Financing Project through the Texas Leverage Fund for the purposes of land
acquisition and construction of a new business facility.
President Mundy indicated that the above listed project would require an expenditure of funds
collected from the 4B sales tax for Fiscal Year 2010 -2011, and if the KEDC Board of Directors
recommended approval of the project, the City Council would act on the recommendation at a
scheduled meeting on the 2nd day of September 2010.
There being no persons registered to speak for or against proposed project, President Mundy
closed the public hearing at 7:21 p.m.
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IV. REGULAR ITEMS
A. Review and consider action to approve regular meeting minutes dated June 22, 2010.
Donnie Graham moved to approve regular meeting minutes dated June 22, 2010 as
submitted, second by Darrell Erwin. Graham, Erwin, Parker and Mowell voted aye, while
Yeary abstained due to absence of meeting. Motion carried (5 -0 -1).
B. Review KEDC Financial Reports.
Sakura Moten - Dedrick, Director of Finance and Treasurer addressed the financial reports
for the month ending in May 2010. Ms. Dedrick indicated sales tax was up due to an audit
in which monies were recovered, but overall collections were down. She reported all other
categories were trending fairly well.
C. Review of 2010 -2011 KEDC Fiscal Year Budget.
Sakura Moten - Dedrick, Director of Finance and Treasurer recapped the preliminary 2010-
2011 EDC fiscal year budget and advised that a final version would be presented during the
August meeting for review and consideration. A question and answer period followed in
regards to certain budgeted items in which will be presented to the City Manager for his
review and feedback at the next scheduled meeting.
D. Review and consider action to change date and time of future meetings.
It was noted that the next meeting date would be scheduled for Tuesday, August
24th, which would allow for compliance of the 60 -day project notice for the Texas
Leverage Fund.
V. STAFF ANNOUNCEMENTS/REPORTS
A. Orasi Development Report
Jack Thompson, EDC Contract Provider provided updates on the following:
1. TownCenter Development — continuing to send out packets and feedback is positive;
2. Oak Crest Properties — advised of potential customer and waiting on response;
3. Skate Board Shop Grant Request — indicated paperwork was submitted to City
Manager to request a grant to open a skate board facility along Kennedale Parkway.
VI. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
A. President Announcements /Reports
1. Report agenda items to be posted for future meetings.
President Mundy inquired if anyone from the board had any items they would like to
see placed on the next agenda. After a short discussion, it was suggested to place a
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review and discussion item in regards to a welcome monument sign on Dick Price
Road, and to receive a report from the Keep Kennedale Beautiful Commission and
sponsors.
2. Chamber of Commerce request for participation in their August 4, 2010 Strategic
Planning Session from 2 p.m. to 8 p.m.
President Mundy announced the Kennedale Chamber of Commerce strategic
planning retreat scheduled for August 4, 2010 from 2 p.m. to 8 p.m., and indicated it
was important for the EDC Board to show representation at such event. After a brief
discussion, it was noted Rebecca Mowell would attend the event on behalf of the
board.
There being no further discussion, President Mundy indicated no executive session
would be held and moved to adjournment.
VII. 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. Acquisition of Real Property
• 1000 E. Kennedale Parkway
• 5500 W. Kennedale Parkway
2. Texas Leverage Fund for Grover Corporation
VIII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO
EXECUTIVE SESSION, IF NECESSARY.
Executive session was not held.
IX. ADJOURNMENT
There being no further discussion, President Mundy asked for a motion to adjourn.
Mark Yeary so moved and Rebecca Mowell seconded the motion with all members present
voting in favor. Motion carried (6 -0). Meeting adjourned at 8:01 p.m.
APPROVED:
ATTEST:
Kathy Turner, 'Secretary to EDC
President, Robert M mdy