08.18.1998 EDC Minutes44
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — AUGUST 18, 1998
100 E. BROADWAY ST. — COMMUNITY CENTER
President Eichelberger called the meeting to order at 6:35 p.m.
Members present: Margaret Eichelberger, Nita Vaughn, Ron Kovach, Robert Mundy, John
Berry, Rob Morris and Michael Box.
Members absent: None
Staff present: Ted Rowe, Kathy Turner, Lynette Whidden and Thad Chambers.
ITEM NO. 1 - Consideration of minutes: Regular Meeting — June 16, 1998.
Nita Vaughn moved to approve the regular meeting minutes of June 16, 1998 contingent upon
correcting the word "EJT" in item number three, third sentence to read "ETJ ". Ron Kovach
seconded the motion and motion carried.
President Eichelberger entered into executive session at 6:38 p.m.
ITEM NO. 2 - Executive Session.
The Board of Directors will meet in closed session to deliberate the evaluation of the economic
development director, pursuant to Section 551.074, Texas Government Code.
President Eichelberger reconvened into open session at 7:40 p.m. and recessed the meeting to
enter into the scheduled public hearing. President Eichelberger reconvened into the regular
meeting at 8:09 p.m.
ITEM NO. 3 — Action on executive session, if necessary.
No action was taken on this item.
ITEM NO. 4 — Consideration of economic development budget for fiscal year 1998/99.
After a brief review of the proposed budget, President Eichelberger requested this item be
delayed until September 1, so further information could be obtained and reviewed.
ITEM NO. 5 - Consideration of Financial Reports.
Members reviewed the financial reports, which reflected a gain in sales tax due to an audit. It
was also noted that the sales tax collected to date has exceeded the budgeted revenue the
corporation estimated it would receive. No other action was taken.
45
ITEM NO. 6 - Review preliminary report of eligible projects for economic development prior
to forwarding to City Council.
Due to time, President Eichelberger requested this item be delayed until September 1, 1998.
ITEM NO. 7 - Briefing by Economic Development Director on 4B Sales Tax Projects, and
any other projects related to Economic Development.
Mr. Thad Chambers, Economic Director addressed board members regarding upcoming projects
and the web -site.
ITEM NO. 8 - General discussion.
President Eichelberger scheduled the regular meeting for September 22, 1998 due to Council's
special meeting on September 15, 1998.
There being no further discussion, President Eichelberger adjourned the meeting at 9:05 p.m.
APPROVED:
ATTEST:
Secreta
Mari. et Eichelberger, Pre •' dent