2014_07.22 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
July 22, 2014
CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
CALL TO ORDER
Robert Mundy called the meeting to order at TOOPM.
II. ROLL CALL
Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Mike Johnson, Adrienne Kay, Ronald
Whitley
Absent: none
Staff Present: Bob Hart (Executive Director), Jack Thompson ( Orasi Development)
III. MINUTES APPROVAL
A. Consider approval of minutes from June 17, 2014 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Rebecca Mowell
Seconded By Adrienne Kay
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Consider approval of an agreement with the Chamber of Commerce for management services.
Bob Hart noted that management of the Chamber of Commerce would now be completed by Jack
Thompson of Orasi Development.
Motion To approve the management services agreement as presented. Action Approve, Moved
By Rebecca Mowell Seconded By Adrienne Kay
Motion Passed Unanimously
B. NOTICE OF PROJECTS AND PUBLIC HEARING KENNEDALE ECONOMIC DEVELOPMENT
CORPORATION NOTICE IS HEREBY GIVEN that the Kennedale Economic Development
Corporation intends to participate in "Projects," as defined in the Development Corporation Act of
1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6, including, but not limited
to, designing, acquiring, improving, and operating the following:
1. "TownCenter Project," Operations /Management/Marketing of a "mid- city' downtown district including
but not limited to the commercial, medical, retail, land acquisition and (New Urbanism style, typically
higher density/ multi- storied) residential growth of TownCenter Kennedale and its surrounding area;
2. "Redevelopment Project," The development of new and renovation of existing
commercial /residential and municipal / KEDC projects designed to enhance Kennedale's lifestyle and
quality of life;
3. "TownCenter Beautification Project," The further development/beautification /landscaping /upgrading
of the TownCenter Kennedale area and its adjoining TCK Plaza;
4. "Arts Project," The planning, implementation, and operation of Civic / City Events and establishment
of a City /TCK Public Arts Program;
5. "Sign Project," The construction of a new Kennedale Entranceway Monument Sign at a site TBD;
6. "Parkway Project," The creation & implementation of Kennedale Parkway, Village Creek, and 1 -20
commercial and residential Urban Renewal / Development/Redevelopment / Revitalization / Economic
Incentives / Beautification plans / Kennedale Parkway Landscape / Sidewalks and actual projects
derived from these plans, including Consultation, Planning, Legal, and Engineering Services;
7. "Development Project," The Creation of a Tax Increment Financing District(s) (TIF), Reinvestment
Zone and Municipal Management District (MMD) including Consultation, Planning, Legal, and
Engineering Services;
8. "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding and
attracting new Kennedale projects and businesses;
9. "Grant Project," The continuation of the existing Revitalization Grant Program and funding for fagade
and /or signage improvements;
10. "Industrial Expansion Project," Industrial expansion and recruitment program, including loans, fee
waivers, incentive payments, driveway and access construction and land leases;
11. "Industrial Recruitment Project," The recruitment of new and retention of existing Kennedale
industrial businesses and development/redevelopment of industrial park(s), including but not limited to
rail spurs, infrastructure, and office parks, etc.;
12. "Hotel Project," The attraction and development of a hotel, including site development, financing,
land lease, studies, and ownership investment;
13. "Transit Project," The attraction and development of DFW Metroplex area commuter transit / light
rail / mass transportation services, including land acquisition, the development of a Kennedale rail
station and related improvements;
14. "Landbank Project," The purchase / leasing / sale or other means of transfer of real estate land and
properties for the accomplishment of the above designated projects;
15. "Village Creek Project," The development of Village Creek Park, including land acquisition,
recreation facility development, water quality enhancement features, and related flood control and
water quality studies;
16. "Oak Crest Development," The land acquisition and site development for the Oak Crest area,
including utility extension, street improvements, consultation, plans, legal and engineering services;
17. "Financing Project," The issuance, purchase, sale, or other means of transfer of Bonds and other
debt instruments designed to fund the above objectives including, but not limited to implementing a
Tax Increment Financing (TIF) District / Municipal Management District (MMD) / Texas Leverage Fund
and mixed -use project(s) development/redevelopment;
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169
18. "Staff Support Project," Contractual staff services;
19. "Hotel /Motel Tax Administration," Manage the administration of the collection and expenditure of
the hotel /motel occupancy tax in accordance with chapter 351 of the Texas Tax Code; and
20. "Administrative Project," All necessary services and related expenses for the above projects
including but not limited to project master - planning; engineering; alternate energy sources; project
advertising / marketing; related consultant and legal services; new construction / remodeling /
maintenance of landscaping, roadways, City / KEDC owned or leased buildings, and their related
improvements.
President Mundy opened the public hearing. No one signed up to speak and the public hearing was
closed. No staff report was necessary.
Motion To approve the intention of project as presented. Action Approve, Moved By Pat Turner
Seconded By Ronald Whitley
Motion Passed Unanimously
C. Discuss and approve FY2014 -15 Proposed Budget for recommendation to City Council.
Bob Hart briefly went over the proposed budget with the Board.
Motion To recommend to City Council the approval of the FY2014 -15 Proposed Budget. Action
Approve, Moved By Ronald Whitley 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
2. Review Tax Increment Reinvestment Zone #1 (TIRZ) development status
3. Chamber of Commerce
4. Oak Crest employment district code
5. Village Creek
6. FEMA Flood Map
7. TIP Sidewalk Grant
8. TownCenter
Bob Hart presented a brief review of the above topics. No action was necessary.
President Mundy recessed the meeting into executive session at 8:50PM.
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 1029 Bowman Springs Rd.
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169
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.
2. Discuss development incentives for High Ridge Road.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 9:03 PM.
No action pursuant to executive session was necessary.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Adrienne Kay,Seconded By Rebecca Mowell.
Motion Passed Unanimously
The meeting was adjourned at 9:05PM.
APPROVED
a� t
President Robert Whdy
ATTEST:
City ecretajAmethyst G. Sloane
405 Municipal Drive, I<ennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817- 478 -7169