2014_05.27 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
May 27, 2014
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
Robert Mundy called the meeting to order at 7:OOPM.
II. ROLL CALL
Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Ronald Whitley, Mike Johnson,
Adrienne Kay
Absent: none
Staff Present: Jack Thompson (Orasi Development)
III. MINUTES APPROVAL
A. Consider approval of minutes from the April 29, 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 March 2014.
Sakura Dedrick presented the report.
Motion To approve the financial report as presented. Action Approve, Moved By Rebeca Mowell
Seconded By Michael Johnson.
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director.
1. Discuss the TownCenter marketing plan.
2. Link Street and Oak Crest development update.
Jack Thompson gave a brief report on the above items, noting that the TownCenter Marketing
Plan was presented several days prior and was well received.
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 sites.
2. Discuss lease of Building 1 in Kennedale TownCenter
3. Discuss the sale of 1083 Bowman Springs Road.
B. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of
the Texas Government Code to deliberate the offer of a financial or other incentive to a business
project with whom the city is conducting economic development negotiations.
1. Discuss development incentives at 1208 W. Kennedale Parkway.
2. Discuss development incentives at 120 Industrial Drive.
President Mundy recessed the meeting into executive session at 7:33PM.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 7:41 PM.
No action pursuant to executive session was necessary.
A. Discuss the provision of economic development personnel and delivery efforts within the city.
The above item was not discussed and did not require any action.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Rebecca Mowell, Seconded By Pat Turner.
Motion Passed Unanimously
The meeting was adjourned at 7:55PM.
ATTEST:
City Secretary A thyst G. Sloane
405 Municipal Drive, I<ennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169