2014_02.25 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
February 25, 2014
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
Robert Mundy called the meeting to order at 7:04PM.
II. ROLL CALL
Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Adrienne Kay, Ronald Whitley, Mike
Johnson.
Absent: none
III. MINUTES APPROVAL
A. Consider approval of minutes from the January 28, 2014 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Rebecca Mowell
Seconded By Mark Yeary
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for December 2013.
Sakura Moten - Dedrick presented the report, noting that the results of the audit would be presented at
the City Council meeting on February 27th
Motion To approve the financial report as presented. Action Approve, Moved By Adrienne Kay
Seconded By Pat Turner
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director.
1. Link Street project with Tarrant County
Bob Hart noted that Tarrant County was in the process of reexamining their funding of the Link
Street project, and a meeting with County officials would be held on Thursday, February 27th to
discuss the implications of defunding this project.
2. Regional economic development branding efforts.
Bob Hart noted that in past years Jack Thompson from Orasi Development and several board
members have participated in a regional conference to promote Southeast Tarrant County.
This year's conference will focus on promoting business and economic development in the
region and will be held in Arlington in the Fall of 2014. Mr. Hart asked that the board consider
attending the conference again this year.
President Mundy recessed the meeting into executive session at 7:20PM.
VI. EXECUTIVE SESSION
A. The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of
the Texas Government Code to deliberate the purchase, lease, or value of real property.
1. Discuss the sale of Oak Crest pad sites.
2. Discuss lease of Building 1 in Kennedale TownCenter
3. Discuss sale of 1000 E Kennedale Parkway.
4. Discuss the sale of 1083 Bowman Springs Road.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 8:41 PM.
No action pursuant to executive session was necessary.
VIII. WORK SESSION
A. Strategic Plan Discussion.
- Discuss the strategic direction of economic development efforts within the city.
Bob Hart and Jack Thompson held a general discussion on the city's overall strategic direction.
Topics covered included currently held EDC properties, the availability of grant funding, the pros and
cons of manufacturing and retail oriented development, upcoming special use permit expirations and
the Board of Adjustment's strategic direction, the development of the TownCenter retail area, cleanup
and reclamation of Village Creek, and the pursuit of development in the Tax Increment Refinancing
District areas.
IX. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Ron Whitley.
Motion Passed Unanimously
The meeting was adjourned at 9:11 PM.
ATTEST:
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City Secretary methyst G. Sloane
405 Municipal Drive, ICenneciale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169