08.24.2010 EDC Minutes351
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — AUGUST 24, 2010
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
L CALL TO ORDER
President Mundy called the meeting to order at 7:19 p.m.
H. ROLL CALL
President Mundy called roll with the following persons present /absent:
Present:
Absent:
Robert Mundy President
Mark Yeary Board Member
Rebecca Mowell Board Member
Darrell Erwin Board Member
Donnie Graham Vice - President
Beverly Hayes Board Member
Doug Parker Board Member
Staff members present included:
Bob Hart
Jack Thompson
III. REGULAR ITEMS
Executive Director /City Manager
EDC Contract Provider
A. Review and consider action to approve regular meeting minutes dated July 20, 2010.
Rebecca Mowell moved to approve regular meeting minutes dated July 20, 2010 contingent
upon correcting the spelling of "Donne" to reflect "Donnie" under item IV -A, second by
Darrell Erwin. Motion carried unanimously (4 -0).
B. Review KEDC Financial Reports.
Darrell Erwin moved to approve the KEDC Financial Reports as presented, second by
Mark Yeary. Motion carried unanimously (4 -0).
C. Review and consider action to forward a recommendation to City Council to consider
2010 -2011 Fiscal Year Budget, KEDC Projects, and Texas Leverage Fund Project.
Darrell Erwin moved to forward a recommendation to City Council to consider the 2010-
2011 Fiscal Year Budget, KEDC Projects, and Texas Leverage Fund Project, second by
Mark Yeary. Motion carried unanimously (4 -0).
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D. Review and consider action to approve Resolution No. 4, authorizing and approving a loan
from the office of the Governor Economic Development and Tourism Division authorizing
the execution and delivery of the Loan Agreement and related documents, authorizing the
pledge of sales and use tax receipts, and other matters in connection therewith.
Rebecca Mowell moved to approve Resolution No. 4, authorizing and approving a loan
from the office of the Governor Economic Development and Tourism Division authorizing
the execution and delivery of the Loan Agreement and related documents, authorizing the
pledge of sales and use tax receipts and other matters in connection therewith. Darrell
Erwin seconded the motion and motion carried with all present voting in favor. Motion
carried (4 -0).
1... Review and consider action on welcome monument sign to be located on Dick Price Road.
Bob Hart, Executive Director /City Manager indicated that the Keep Kennedale Beautiful
Commission would like to place a Welcome to Kennedale monument sign on the south
portion of Dick Price Road, and is requesting that the economic development corporation
pay a portion of the cost.
President Mundy asked the board to table the item until the next meeting so Doug Parker
could address the item as he was the one who requested the item be placed on the agenda.
Rebecca Mowell moved to table item until the September meeting, second by Darrell
Erwin. Motion carried unanimously (4 -0).
F. Receive report from the Keep Kennedale Beautiful Commission.
Darrell Erwin moved to table the item until the September meeting to allow Doug Parker to
present report on behalf of the Keep Kennedale Beautiful Commission, second by Mark
Yeary. Motion carried unanimously (4 -0).
O. Review and consider action to change date and time of future meetings.
It was noted that the board would meet on its regular meeting date of September 21,
2010.
IV. STAFF ANNOUNCEMENTS/REPORTS
A. Executive Director Report.
Bob Hart, Executive Director /City Manager provided updates on the following:
1. TownCenter Development — progressing as scheduled;
2. Skate Board Shop Grant Request — briefed on grant request and indicated use doesn't
fit classic grant program. Advised that use may better qualify for a Chapter 380
Sales Tax Sharing Agreement and that he would provide additional information at the
next meeting.
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Mr. Hart then addressed current curtailment on water usage, Fallen Heroes Memorial,
possible expansion of Ray's Pharmacy, restoration of the Section House, and Chamber of
Commerce Strategic Planning Session.
B. Orasi Development Report
Jack Thompson, EDC Contract Provider reported that updated marketing packets have been
prepared and sent out to perspective retailers and he is awaiting responses back from such
retailers. He also briefly addressed retail /industrial markets.
V. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
A. President Announcements /Reports
1. Report agenda items to be posted for future meetings.
No report of agenda items to be posted for future meetings.
There being no further discussion, President Mundy announced no executive session
would be held and moved to adjournment of meeting.
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. Acquisition of Real Property
• 1000 E. Kennedale Parkway
• 5500 W. Kennedale Parkway
2. Texas Leverage Fund for Grover Corporation
VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO
EXECUTIVE SESSION, IF NECESSARY.
No executive session was held.
VIII. 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
voting in favor. Motion carried (4 -0). Meeting adjourned at 8:37 p.m.
ATTEST: APPROVED:
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Kathy Turn , Secretary to EDC