10.20.1998 EDC Minutes50
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — OCTOBER 20, 1998
100 E. BROADWAY ST. — COMMUNITY CENTER
President Eichelberger called the meeting to order at 7:05 p.m.
Members present: Margaret Eichelberger, Nita Vaughn, Robert Mundy, and John Berry. Rob
Morris arrived at 7:08 p.m.
Members absent: Michael Box and Ron Kovach.
Staff present: Ted Rowe, Kathy Turner and Lynette Whidden.
ITEM NO. 1— Consideration of minutes: Regular Meeting — August 18, 1998
Special Meeting — September 1, 1998
Nita Vaughn moved to approve the above minutes as they were submitted, seconded by Robert
Mundy. Motion carried.
ITEM NO. 2 — Consideration of financial reports.
A brief question and answer period ensued with the financial reports. It was also noted that the
City of Kennedale was awarded a $4,000 grant from Southwestern Bell to purchase computer
equipment for the Economic Development Corporation. No other action was taken.
ITEM NO. 3 — Presentation by City Manager regarding City of Kennedale Combination Tax
and Revenue Certificates of Obligation, Series 1998.
A presentation by the City Manager was made before the board regarding the City of Kennedale
Combination Tax and Revenue Certificates of Obligation, Series 1998. Board members were
advised of the projects to be included in the Series and were presented a calculation reflecting
anticipated payments.
ITEM NO. 4 — Discussion and consideration of eligible projects for economic development
to be submitted to City Council.
Board members discussed the following projects: extension of Little School Road, straightening
of Kennedale Sublett from Mansfield Highway to Hillside Drive, upgrade walk around city park,
construction of water storage tank, purchase and develop land for economic development, and
purchase a 5 to 10 acre site for commercial development.
Prior to any action taken on the above projects, President Eichelberger recommended removing
the following projects. Extension of Little School Road due to recent sale of property to a local
church, and upgrade walk around City Park due to designation of city funds to cover this project
in the 1998/1999 budget. Motion was brought forth by John Berry to remove the two projects
noted above, seconded by Rob Morris. Motion carried with all present voting in favor.
Next, President Eichelberger presented each board member with a ballot to vote on the remaining
projects. Votes cast reflected the following outcome: 4 to 1 against straightening Kennedale
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Sublett from Mansfield Highway to Hillside Drive; 4 to 1 against construction of water storage
tank; 5 against the purchase and development of land for economic development; and 5 against
the purchase of a 5 to 10 acre site for commercial development.
Being no projects were approved, no recommendation was forwarded for Council consideration.
ITEM NO. 5 — Presentation of new projects.
The following areas received a brief discussion with no action taken:
• Entrance median at Highway 287 and Little School Road;
• Establishing a market plan with KISD regarding Kennedale Junior High School;
• Input as to what is necessary for a wet/dry election; and
• Site location and criteria requirements for relocating businesses within the Kennedale city
limits
ITEM NO. 6 — Consideration of Marketing Plan.
To allow for a presentation by the economic development director, President Eichelberger
requested that this item be rescheduled for the November meeting.
ITEM NO. 7 — General discussion.
Items brought up for discussion included the following:
• Update from economic development director regarding site location and identification of
properties available; and
• High grass in median along Highway 287 and Little School Road;
President Eichelberger adjourned the meeting at 9:27 p.m.
APPROVED:
ATTEST:
Secreta
Mar abet Eichelberger, President