06.20.2000 EDC Minutes99
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — JUNE 20, 2000
100 E. BROADWAY ST. — COMMUNITY CENTER
President Vaughn called the meeting to order at 7:04 p.m.
Members present: Nita Vaughn, Robert Mundy, Rob Morris, John Berry and Margaret
Eichelberger.
Members absent: Wayne Winters and Ron Kovach.
Staff present: Ted Rowe and Lynette Whidden
ITEM NO. 1— Consider approval of the minutes from the April 27, 2000 Regular Meeting
of the E.D.C. Board of Directors.
John Berry moved to approve the April 27, 2000 regular meeting minutes of the E.D.C. Board of
Directors as submitted, seconded by Margaret Eichelberger. Motion carried.
ITEM NO. 2 — Review of financial reports.
Treasurer, Lynette Whidden briefed board members on the sales tax report and stated that it
should exceed budgeted figures by $100,000.00 due to recent annexations.
President Vaughn moved items four and five prior to item three and entered into executive
session at 7:13 p.m.
ITEM NO. 4 — Executive Session.
1. The Economic Development Corporation Board of Directors met in closed session to
discuss or deliberate regarding commercial or financial information that the board has
received from a business prospect that the board seeks to have locate, stay, or expand in
the City of Kennedale and with which the board is conducting economic development
negotiations, Section 551.086, Texas Government Code.
2. The Economic Development Corporation Board of Directors met in closed session to
deliberate the offer of a financial or other incentive to a business prospect described by
Subdivision (1), Section 551.086, Texas Government Code.
President Vaughn reconvened into open session at 8:12 p.m.
ITEM NO. 5 — Action on executive session, if necessary.
Robert Mundy moved to approve a Functional Revitalization Grant requested by Mr. Mike
Barton for Burger Box based on a 1 to 6 ratio with a maximum amount of $21,400.00 subject to
staff recognizing 50 percent of air conditioning, 50 percent of roofing, and no cost for vent a
hood. John Berry seconded by the motion. Robert Mundy, John Berry, Rob Morris and Nita
Vaughn voted in favor while Margaret Eichelberger abstained.1 Motion carried.
Robert Mundy moved to approve a Visual Revitalization Grant requested by Mr. Mike Barton for
Burger Box based on a 2 to 1 ratio with a maximum amount of $5,000.00, seconded by Rob
100
Morris. Robert Mundy, Rob Morris, Nita Vaughn and John Berry voted in favor, with
Margaret Eichelberger abstaining.' Motion carried.
Robert Mundy moved to approve a Functional Revitalization Grant requested by Jet Bridge
Technologies based on a 1 to 6 ratio with a maximum amount of $30,000.00, seconded by John
Berry. Robert Mundy, John Berry, Rob Morris and Nita Vaughn voted in favor, with Margaret
Eichelberger abstaining. Motion carried.
Robert Mundy moved to grant a Visual Revitalization Grant requested by Jet Bridge
Technologies based on a 2 to 1 ratio with a maximum amount of $5,000.000, seconded by Rob
Morris. Robert Mundy, Rob Morris, John Berry and Nita Vaughn voted in favor, with Margaret
Eichelberger abstaining. Motion carried.
ITEM NO. 3 — Discuss and review revisions to guidelines for Commercial Revitalization
Grant Program.
John Berry moved to approve revisions to guidelines for Commercial Revitalization Grant
Program pending review of paragraph H by legal counsel, seconded by Rob Morris. Motion
carried.
ITEM NO. 6 — Discussion on projects presented to and approved by the City Council.
It was suggested that a cost analysis be prepared on the possibility of opening Little School Road
to Business 287 and Bowman Springs Road to Dick Price Road. Members also requested a
listing reflecting land use projections of the above areas.
ITEM NO. 7 — Staff comments: In addition to matters specifically listed below, staff comments
may include updates on ongoing or proposed projects related to their department
and may address posted agenda items.
Economic Development Director, Margaret Eichelberger addressed board members regarding the
construction of the web site and requested input from each member as to what they would like to
see on the Business Page. Board members recommended a collage reflecting various pictures.
Executive Director, Ted Rowe briefed members on the status of the proposed Wal -mart store
being located within the city limits of Arlington, Texas.
ITEM NO. 8 — Future agenda review.
No future agenda review or any other discussion, Rob Morris moved to adjourn the meeting at
9:12 p.m., seconded by Robert Mundy. Motion carried.
ATTEST:
Secretary
Board Member Eichelberger abstained from motion on Commercial Revitalization Grants, item five due
to working relationship with applicants.