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07.18.2000 EDC Minutes101 MINUTES OF KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING — JULY 18, 2000 100 E. BROADWAY ST. — COMMUNITY CENTER President Vaughn called the meeting to order at 7:03 p.m. Members present: Nita Vaughn, Robert Mundy, Ron Kovach, and Wayne Winters. Members absent: Margaret Eichelberger, John Berry and Rob Morris. Staff present: Ted Rowe, Kathy Turner and Lynette Whidden. ITEM NO. 1— Consider approval of the minutes from the June 20, 2000 Regular Meeting of the E.D.C. Board of Directors. Robert Mundy moved to approve the June 20, 2000 Regular Meeting Minutes as submitted, seconded by Nita Vaughn. Motion carried. ITEM NO. 2 — Review of financial reports. Lynette Whidden, Treasurer briefed board of directors on the sales tax report and investment report. ITEM NO. 3 — Consider and discuss cost estimates for the continuation of Little School Road from Mansfield Cardinal to Business 287 and the reconstruction of Bowman Springs Road to Dick Price Road. Ted Rowe, Executive Director presented the board of directors with preliminary costs for the continuation of Little School Road to Mansfield Highway and the reconstruction of Bowman Springs Road to Dick Price Road. Various options were discussed as to where the continuation and realignment of the roads should take place as well as acquisition of right -of -way. It was suggested that a plan be prepared depicting the future intersections so that if future development occurs, acquisition of right -of -way would be less costly. ITEM NO. 4 - 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. Ted Rowe, Executive Director reported that he had spoken with legal counsel regarding the Certificate of Understanding, Paragraph H. He said that counsel advised that the paragraph was only required for State or Federal funding, but that it was okay to include the wording if the board desired so. ITEM NO. 5 — Future agenda review. It was the consensus of the board to consider the reconstruction of Bowman Springs Road to Dick Price Road on next month's agenda. 102 President Vaughn moved to adjourn the meeting at 8:25 p.m., seconded by Wayne Winters. Motion carried. ATTEST: