09.21.1999 EDC Minutes76
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — SEPTEMBER 21, 1999
100 E. BROADWAY ST. — COMMUNITY CENTER
Vice - President Vaughn called the meeting to order at 7:20 p.m.
Members present: Nita Vaughn, Robert Mundy, John Berry, Rob Morris, and Wayne Winters.
Members absent: Margaret Eichelberger and Ron Kovach.
Staff present: Ted Rowe and Lynette Whidden.
ITEM NO. 1— Consideration of minutes: Public Hearing & Regular Meeting — July 27, 1999.
Motion by John Berry to approve the Public Hearing and Regular Meeting minutes dated July 27,
1999, seconded by Rob Morris. Berry, Morris, Mundy, and Vaughn voted aye with Winters
abstaining. Motion carried.
ITEM NO. 2 — Consideration of Financial Reports.
Board members reviewed the financial reports and month end report for the month of September
1999. The ending cash position was noted at $470,000.00, which exceeded the 1989/1999
budgeted amount.
ITEM NO. 3 — Consideration of Economic Development Corporation budget for
Fiscal Year 1999/2000.
Robert Mundy moved to approve the 1999/2000 Economic Development Corporation budget as
proposed by City Council, seconded by John Berry. Motion carried.
ITEM NO. 4 — Consideration of selecting President and Vice President to serve a one -year
term.
Ballots were presented to board members to cast their vote for a President and Vice - President.
Ballot totals reflected Nita Vaughn for President, and Robert Mundy for Vice - President. Each
will serve a one -year term.
ITEM NO. 5 — Consideration of round table agenda, proposed letter to round table participants,
selection of participants, and schedule date for first meeting.
It was consensus of board members to invite businesses located within the city, limit the number
to 10, provide barbeque for the luncheon, and hold on Wednesday, October 20, 1999 in the
Kennedale Community Center.
ITEM NO. 6 — Consideration of short term projects for immediate action.
This item was tabled.
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ITEM NO. 7 — Consideration of bond issue based on short -term project selected.
This item was tabled.
ITEM NO. 8 — Update on median.
This item was tabled.
ITEM NO. 9 — Consideration of selecting architect for proposed median.
This item was tabled.
ITEM NO. 10 — General discussion.
Board members discussed various areas of the city that might be feasible for economic
development projects.
John Berry moved to adjourn the meeting at 9:05 p.m., seconded by Wayne Winters. Motion
carried.
PROVED:
ATTEST:
Vaughn, President