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05.18.1999 EDC Minutes66 MINUTES OF KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — MAY 18, 1999 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, Michael Box, Ron Kovach and Rob Morris. Members absent: John Berry. Staff present: Ted Rowe, Kathy Turner, and Lynette Whidden. ITEM NO. 1— Consideration of minutes: Regular Meeting — April 27, 1999. Michael Box moved to approve the minutes above as they were submitted, seconded by Nita Vaughn. Motion carried. ITEM NO. 2 — Consideration of Financial Reports. Board members reviewed the financial reports and month end report for the month of April 1999. A brief question and answer period followed. President Eichelberger asked that the charge for Internet service be moved from association dues to other services. ITEM NO. 3 — Discussion and update on median. Board members agreed that discussion should continue between the Texas Highway Depat twent, City of Arlington, and Kennedale to determine who owns the right -of -way on Little School Road North. It was also suggested that an Interlocal Agreement be established between the City of Arlington and Kennedale in order to set out guidelines for the proposed median. ITEM NO. 4 — Consideration of project to reimburse city for acquisition of Oak Crest Addition. Robert Mundy moved to reimburse the city for acquisition of Oak Crest Addition in the amount of $45,000.00, seconded by Rob Morris. Robert Mundy voted aye; Nita Vaughn, Michael Box and Ron Kovach voted against; and Margaret Eichelberger and Rob Morris abstained. Motion failed. ITEM NO. 5 — General discussion The following items were brought up for discussion: • Locating current owners of parcels abutting Highway 287 in the Oak Crest Addition; and • Scheduling a meeting with the city's bond counselor to review various bond packages; and • Selection of projects and scheduling required public hearings; and • Updated traffic count during school session. 67 Michael Box moved to adjourn the meeting at 8:00 p.m., seconded by Ron Kovach. Michael Box, Ron Kovach, Rob Morris, Nita Vaughn and Margaret Eichelberger voted aye, with Robert Mundy opposing. Motion carried and meeting adjourned. APPROVED: Mar ATTEST: ret Eichelberger, Pres.