2014_09.23 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
September 23, 2014
CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE
REGULAR SESSION -12:00 PM
I. CALL TO ORDER
President Robert Mundy called the meeting to order at 12:04 p.m.
II. ROLL CALL
Present: Robert Mundy, Rebecca Mowell, Ron Whitley, Adrienne Kay, Mike Johnson, Pat Turner
Absent: Mark Yeary
Staff Present: Bob Hart (Executive Director), Jack Thompson (Orasi Development), Sakura Moten - Dedrick (City
of Kennedale Finance Director)
III. MINUTES APPROVAL
A. Consider approval of the minutes from the August 12, 2014 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Adrienne Kay Seconded By
Pat Turner
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for July 2014.
Sakura Moten - Dedrick provided an overview of the financial report
Motion To accept the KEDC Financial Report as presented. Action Approve, Moved By Rebecca Mowell
Seconded By Adrienne Kay
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director.
1. Link Street and Oak Crest development
2. Village Creek
3. TIP Sidewalk Grant
4. TownCenter
5. NCTCOG Comprehensive Economic Strategies Plan
Bob Hart and Jack Thompson provided brief updates on the listed topics. No action was necessary
President Mundy recessed the meeting into executive session at 12:50 p.m.
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. Purchase of property at 7084 E Kennedale Parkway.
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 1:13 p.m.
No action was required.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Rebecca Mowell, Seconded By Pat Turner.
Motion Passed Unanimously.
The Meeting was adjourned at 1:15 p.m.
APPROVED:
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President Robert{` y
ATTEST:
City Seget�ry, KellgCooper