2014_08.12 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
August 12, 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, Mike Johnson, Adrienne Kay (arrived 7:08PM)
Absent: Rebecca Mowell, Ronald Whitley
Staff Present: Bob Hart (Executive Director), Jack Thompson (Orasi Development)
III. MINUTES APPROVAL
A. Consider approval of the minutes from the July 22, 2014 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Pat Turner Seconded
By Mark Yeary
Motion Passed Unanimously
IV. REGULAR ITEMS
There were no regular items.
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. TIP Sidewalk Grant
7. TownCenter
8. Southeast Tarrant County Business and Technology Conference
9. NCTCOG Comprehensive Economic Strategies
Bob Hart and Jack Thompson provided brief updates on the listed topics, focusing on the upcoming
completion of Link Street, ongoing discussions related to cleanup of Village Creek, and code updates
to the Employment Center. No action was necessary.
President Mundy recessed the meeting into executive session at 7:34PM.
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.
2. Purchase of property at 7084 E Kennedale Parkway.
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 8:17PM.
Motion To authorize the City Manager to purchase property located at 7084 Kennedale Parkway at
the amount discussed in executive session and to execute any associated contracts or agreements.
Action Approve, Moved By Mike Johnson Seconded By Pat Turner.
Motion Passed Unanimously
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Adrienne Kay.
Motion Passed Unanimously
The meeting was adjourned at 8:40PM.
APPROVEp:
Presi Robert Mun'd
ly
ATTEST:
City Secre vlelly C oper
405 Municipal Drive, I<enneclale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169