2014_06.17 EDC MinutesKENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
June 17, 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, Mike Johnson,
Absent: Adrienne Kay, Ronald Whitley
Staff Present: Bob Hart (Executive Director), Jack Thompson (Orasi Development)
III. MINUTES APPROVAL
A. Consider approval of minutes from May 27, 2014 regular meeting.
President Mundy noted than an error in the time stated for reconvening from executive session into
open session be corrected.
Motion To approve the minutes with the noted change. Action Approve, Moved By Pat Turner
Seconded By Rebecca Mowell
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for April 2014.
Sakura Dedrick presented the report.
Motion To approve the financial report as presented. Action Approve, Moved By Rebeca Mowell
Seconded By Mark Yeary.
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director.
1. Link Street and Oak Crest development update.
2. Review Tax Increment Reinvestment Zone #1 (TIRZ) development status.
Bob Hart noted that Link Street was well underway and is expected to be complete in July. The city
has issued building permits to Burger King and Popeye's for land near QuikTrip and expects closing
on June 30, 2014.
He also noted that a development agreement with HM Real Estate regarding land within the TIRZ with
was signed by City Council in early June. One of the agreements is between the TIRZ Board and HM
Real Estate directly and is on the agenda for consideration on June 18, 2014.
President Mundy recessed the meeting into executive session at 7:37PM.
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
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 1298 W. Kennedale Parkway.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 9:41 PM.
No action pursuant to executive session was necessary.
A. Consider authorizing the President and /or Executive Director to execute a Chapter 380 Agreement
for development of property at 1298 W. Kennedale Parkway.
Bob Hart noted that the title of this item is correctly referred to as `Consider authorizing the President
and /or Executive Director to execute an Economic Performance Agreement for development of
property at 1298 W. Kennedale Parkway.'
President Mundy opened a public hearing on this item. No residents asked to speak and the public
hearing was closed.
Bob Hart noted that no public comments had been made to staff regarding this issue.
Motion To authorize the President and /or Executive Director to execute an Economic Performance
Agreement for development of property at 1298 W. Kennedale Parkway as presented. Action
Approve, Moved By Michael Johnson Seconded By Rebecca Mowell.
Motion Passed Unanimously
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Pat Turner,Seconded By Rebecca Mowell.
Motion Passed Unanimously
The meeting was adjourned at 8:30PM.
ATTEST:
City Secretary Am hyst G. Sloane
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169