2014_03.25 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
March 25, 2014
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
Robert Mundy called the meeting to order at 7:07PM.
II. ROLL CALL
Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Ronald Whitley, Mike Johnson.
Absent: Adrienne Kay
Staff Present: Bob Hart (Executive Director), Sakura Dedrick (Finance)
III. MINUTES APPROVAL
A. Consider approval of minutes from the February 25, 2014 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Rebecca Mowell
Seconded By Ron Whitley
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for January 2014,
Sakura Dedrick presented the report. No questions were asked.
Motion To approve the financial report as presented. Action Approve, Moved By Mark Yeary
Seconded By Pat Turner
Motion Passed Unanimously
B. Discuss and consider action for approval of Economic Development Corporation Independent
Auditor's Report for year ended September 30, 2013.
Independent Auditor Greg Shropshire from Patillo, Brown, and Hill presented the audit.
Motion To approve the minutes as presented. Action Approve, Moved By Ron Whitley
Seconded By Rebecca Mowell
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director.
Bob Hart presented information on the following topics:
1. Link Street & Oak Crest Development
This project is currently underway with funding and construction assistance from Tarrant
County.
2. Regional economic development conference plans
This year's regional conference will be held on October 28, 2014 in Arlington and focuses on
promotion of business and economic development in the Southeast Tarrant County area. The
board noted that they would like for Kennedale to be represented this year.
3. 12 at 12 meeting on April 23, 2014
The meeting will be held on April 23, 2014 at the Kennedale Chamber of Commerce.
Mr. Hart also noted that a marketing analysis study was currently being conducted by a group
of students from the University of Texas at Arlington and would be completed by end of April.
President Mundy recessed the meeting into executive session at 7:40PM.
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 8:25 PM.
No action pursuant to executive session was necessary.
A. Strategic Plan Discussion.
- Discuss the strategic direction of economic development efforts within the city.
Last month's discussion on this item was continued.
VIII. ADJOURNMENT
Motion Adjourn, Action Adjourn, Moved By Rebecca Mowell, Seconded By Mark Yeary.
Motion Passed Unanimously
The meeting was adjourned at 8:30PM.
APP OVED:
Presi ent Robe nOy
ATTEST:
City Secretary A ethyst G. Sloane
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -71 69