07.27.1999 EDC Minutes72
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
PUBLIC HEARING — JULY 27, 1999
100 E. BROADWAY ST. — COMMUNITY CENTER
President Eichelberger called the hearing to order at 7:01 p.m.
Members present: Margaret Eichelberger, Nita Vaughn, Robert Mundy, Ron Kovach, John
Berry, and Rob Morris.
Members absent: Michael Box
Staff present: Ted Rowe, Kathy Turner, and Lynette Whidden
PUBLIC HEARING
To receive citizen's comments regarding eligible projects for economic development. Those projects
will consist of the following: (1) Widen New Hope Road - Build 3 -lane concrete street with curb and
gutter; (2) Cross road from Business 287 to Hudson Village Creek Road - Build 3 -lane concrete street
with curb and gutter; (3) Improve Median on Little School Road and add sign; (4) Widen Little
School Road from Shady Creek to Mansfield Cardinal Road - Build 4 lane concrete street with curb
and gutter; (5) Southem City Sewer to annexed area - 10 -inch sewer; (6) Water Main from Little
School Road to Bowman Springs Road — 12 -inch main; (7) Erect new Overhead Water Storage Tank
with connecting 12 -inch water main; (8) Purchase land for a Bowman Springs to Dick Price Road
connecting street; (9) Acquire land for economic development, and (10) Establish revolving loan
program, provide funding for business loans, and offer businesses low interest loans, which will require
expenditure of funds collected from the 4B Sales Tax.
No one signed in to speak in favor or against the proposed projects.
President Eichelberger closed the public hearing at 7:03 p.m.
APPROVED:
f
Margaret Eichelberger, President
Al"1'EST:
73
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JULY 27, 1999
100 E. BROADWAY ST. — COMMUNITY CENTER
President Eichelberger called the meeting to order at 7:30 p.m.
Members present: Margaret Eichelberger, Nita Vaughn, Robert Mundy, Ron Kovach, John
Berry, and Rob Morris.
Members absent: Michael Box
Staff present: Ted Rowe, Kathy Turner, and Lynette Whidden
_ITEM NO. 1— Consideration of minutes: Regular Meeting — June 15, 1999
Special Meeting — June 29, 1999
Nita Vaughn moved to approve the above minutes as they were submitted, seconded by Robert
Mundy. Eichelberger, Vaughn, Mundy, Kovach, and Morris voted aye with Berry abstaining.
Motion carried
ITEM NO. 2 — Consideration of Financial Reports.
Board members reviewed the financial reports and month end report for the month of June 1999.
A brief question and answer period followed. President Eichelberger stated that the annual
budget would be presented during the August meeting for consideration.
ITEM NO. 3 — Presentation by Callahan & Associates on median proposal.
Representatives from Callahan & Associates made a presentation before the board reflecting
work on a previous project. Copies of a preliminary proposal were provided to each member.
Once the board has made final plans, bids can be obtained and a construction contract executed.
Callahan also mentioned that the Board could look at alternative ways to save money by seeking
donation of supplies from surrounding businesses.
ITEM NO. 4 — Consideration of eligible projects for economic development and forward
recommendation to City Council for approval.
Margaret Eichelberger moved, seconded by Nita Vaughn to forward the following economic
development projects to City Council for consideration at their August 1999 meeting: (1) Widen New
Hope Road - Build 3 -lane concrete street with curb and gutter; (2) Cross road from Business 287 to
Hudson Village Creek Road - Build 3 -lane concrete street with curb and gutter; (3) Improve Median on
Little School Road and add sign; (4) Widen Little School Road from Shady Creek to Mansfield
Cardinal Road - Build 4 lane concrete street with curb and gutter; (5) Southern City Sewer to annexed
area - 10 -inch sewer; (6) Water Main from Little School Road to Bowman Springs Road — 12 -inch
main; (7) Erect new Overhead Water Storage Tank with connecting 12 -inch water main; (8) Purchase
land for a Bowman Springs to Dick Price Road connecting street; (9) Acquire land for economic
development, and (10) Establish revolving loan program, provide funding for business loans, and offer
businesses low interest loans, which will require expenditure of funds collected from the 4B Sales Tax.
74
Discussion took place among board members inquiring as to whether all projects be forwarded at
once or if a selection of projects should be recommended. It was suggested that all 10 be
forwarded for consideration, and if Council approved, then the board could choose which projects
to enact.
Eichelberger, Vaughn, Mundy, Kovach, and Morris voted aye with Berry voting nay. Motion
carried.
ITEM NO. 5 — Discussion on round table matters.
Board members agreed to set the first round table meeting in October 1999. A rough outline of
the invitation letter will be presented in August for review. Dark green pens with gold lettering
will be provided to prospects as well as a notepad. Updated information will be provided at next
months meeting.
ITEM NO. 6 — General discussion.
A brief discussion took place regarding lawn maintenance to the entrance into the City on Little
School Road.
John Berry moved to adjourn the meeting at 8:05 p.m., seconded by Ron Kovach. Meeting
adjourned.
APPROVED:
(V\ 0 (c1 Eeli tl,(le(
Margaret Eichelberger, President
ATTEST: