10.24.2000 EDC Minutes106
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — OCTOBER 24, 2000
100 E. BROADWAY ST. — COMMUNITY CENTER
President Vaughn called the meeting to order at 7:00 p.m.
Members present: Nita Vaughn, Robert Mundy, Ron Kovach, John Berry, Rob Morris and
Margaret Eichelberger.
Members absent: None
Staff present: Ted Rowe, Kathy Turner, and David White.
ITEM NO. 1 - Consider approval of the minutes from the August 15, 2000 Regular Meeting
of the E.D.C. Board of Directors.
John Berry moved to approve the minutes as they were submitted, seconded by Margaret
Eichelberger. Motion carried.
ITEM NO. 2 - Consider selecting a President and Vice President to serve a one -year term.
Board members selected Nita Vaughn as President and Robert Mundy as Vice President.
ITEM NO. 3 — Consider purchase of property on Little School Rd. and Mansfield Cardinal Rd.
Ted Rowe, Executive Director presented before the board a proposed layout to extend Little
School Road to Mansfield Highway. During his presentation, he introduced Mr. Richard
Richardson, a developer, who is in the process of developing the land at the intersection of Little
School Road and Mansfield Highway. Mr. Richardson stated that he would like to propose that
the Economic Development Corporation purchase approximately 10 acres of the land and
construct a portion of Little School Road. He felt that this would help offset his costs and would
benefit the Economic Development Corporation, as they would obtain a prime commercial site.
Board members then discussed the various places to extend the road and approximate cost to
construct the road. It was the consensus of the board of directors to review a proposal as to the
costs of the land, right -of -way costs for the road improvements, and the costs to obtain additional
land to construct the street.
ITEM NO. 4 - Consider appointing a Treasurer.
Nita Vaughn moved to appoint Kathy Turner as Treasurer, seconded by John Berry. Motion
carried.
ITEM NO. 5 — Review of financial reports.
Board members reviewed the sales tax and month end report.
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ITEM NO. 6 — Consider extension request regarding Burger Box Grant.
Robert Mundy moved to grant an extension to Burger Box that will expire on March 1, 2001,
seconded by Rob Morris. Motion carried.
ITEM NO. 7 — Consider contribution to overhead water tower.
Ted Rowe, Executive Director briefed board of directors on the status of the City's water wells
and storage tank. He said that bids were let out on the proposed overhead water tower behind
Heidelberg Harris and felt that since one of the approved projects of the board included
construction of an overhead water tank, this would be an opportune time for the board to
participate. Discussion carried on with board of directors questioning financing through the
City's water fund reserves and bond funds. It was the consensus of the board of directors to
revisit this item in November after bids were received.
ITEM NO. 8 - Consider appointment to the Economic Development Corporation Board
of Directors and forward recommendation to City Council.
President Vaughn stated that she had visited with a proposed applicant, and would provide him an
application to complete for the board to consider. No other discussion, Robert Mundy moved to
table this item, seconded by Ron Kovach. Motion carried.
ITEM NO. 9 - 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 Report — Margaret Eichelberger briefed the board on recent
grant applications. She stated that Jet Bridge Technologies were on schedule and within the
guidelines, Hogan Hardwoods had requested a second application to build a new building and a
third applicant, Dr. Burton, had applied but did not qualify as he did not meet the required
criteria.
Mrs. Eichelberger also presented the board information relating to the Tarrant County
Brownfields Pilot Program, which is designed for visual assessments of properties. She said
Kennedale has 42 possible sites and that the grants are awarded to pay for the assessments, but
the actual clean up of the property is the owner's responsibility.
Executive Director Report — Ted Rowe informed the board that he had met with Wal -Mart
representatives and that they are still gathering information from both cities. He also said that
they furnished the city some demographic information that was very interesting.
Project Coordinator Report — Dave White updated the board on the proposed Bowman Springs
Road project. He stated that all property owners had agreed to allow surveyors to begin
surveying, which was underway at present and that the project was scheduled to begin in 12 to 18
months.
ITEM NO. 10 - Future agenda review.
President Vaughn recommended that the following items be reviewed at the November meeting:
Little School Road project, which includes extension of the roadway and purchase of 10 acres;
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bid quotes relating to construction of an overhead water tower; consider appointment to the
economic development board of directors, and an update on Bowman Springs Road project.
ADJOURNMENT
President Vaughn adjourned the meeting at 8:42 p.m.
APPROVED:
President, Nita Vaughn
ATTEST:
Secretary