02.17.1998 EDC Minutes33
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — FEBRUARY 17, 1998
100 E. BROADWAY ST. — COMMUNITY CENTER
Vice - President Eichelberger called the meeting to order at 6:30 p.m.
Members present: Margaret Eichelberger, Tom Boone, John Berry, Michael Box, Ron Kovach
and Nita Vaughn.
Members absent: Robert Duval.
Staff in attendance: Ted Rowe, Thad Chambers and Lynette Whidden.
Before entering into business, the board was advised that President Duval had submitted his
resignation to be effective immediately. Board members did not take action upon the resignation
at this time.
ITEM NO. 1— Consideration of minutes: Regular Meeting — January 20, 1998.
Tom Boone moved to accept the meeting minutes of January 20, 1998 as they were submitted,
seconded by John Berry. Motion carried.
ITEM NO. 2 — Consideration of Financial Reports.
Financial reports were presented before the board for their review. The reports included a sales
tax history, which reflected a significant gain, and a revenue and expenditure summary.
ITEM NO. 3 — Consideration of Strategic Plan.
Board members were advised that an annual strategic plan was required prior to the adoption of a
budget, as well as a mission statement. Board members agreed to a workshop on Tuesday and
Wednesday, February 24th and 25th to begin at 6:30 p.m. to start this process.
ITEM NO. 4 — Consideration of Amended BYLAWS of the Economic Development
Corporation.
Michael Box moved to approve the amended BYLAWS as written, seconded by Nita Vaughn
with all members voting in favor.
ITEM NO. 5 — Consideration of Job Description Summary.
Michael Box moved to accept the job description summary (attached) for the economic
development director, seconded by Tom Boone.
Points were raised as to project and prioritization approval. Members were advised that as
projects or leads were known, they could approach the economic development director and that
all projects would be presented by the board to Council for final approval.
Motion carried with all members voting in favor of the job description summary.
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ITEM NO. 6 — Update by Economic Development Director on 4B Sales Tax Projects, and any
other projects related to Economic Development.
The Economic Development Director provided board members with potential economic
development projects. Pros and cons were discussed for each with members favoring creating a
website, redesigning the City logo, possibly establishing a revolving loan fund, and creating an
industrial park site. More discussion on these projects will take place during the strategic plan
workshop.
ITEM NO. 7 — General discussion.
Board members were advised of the upcoming EDI schooling in which, a project or plan needs to
be assigned before attendance. All members agreed that discussion on EDI would be held after
the development of the strategic plan.
No other business being brought before the board, Vice - President Margaret Eichelberger
adjourned the meeting at 8:10 p.m.
ATTEST:
Kathy Turner, Secretary
APPROVED:
1\a4C)IL atiALd
Margaret Eichelberger
Vice - President