2014_11.28 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
November 25, 2014
I. CALL TO ORDER
Robert Mundy called the meeting to order at 7:07 PM
II. ROLL CALL
Present: Robert Mundy, Ron Whitley, Adrienne Kay, Rebecca Mowell, Mike Johnson, Mark Yeary, Pat
Turner (present for Executive Session).
Staff Present: Bob Hart, Jack Thompson (Orasi Development)
III. MINUTES APPROVAL
A. Consider approval of the minutes from the October 28, 2014 regular meeting
Motion To approve the minutes as presented. Action Approve, Moved By Ron Whitley, Seconded By
Mark Yeary.
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for September 2014.
Director Bob Hart provided staff report.
Motion To approve the financial report as presented. Action Approve, Moved By Adrienne Kay,
Seconded By Mike Johnson.
Motion Passed Unanimously
B. Establish meeting schedule
The Board discussed possible options and determined to meet on the second Thursday of the month at
Noon. Next meeting will be December 11, 2014.
V. STAFF ANNOUNCEMENTS /REPORTS
A. Updates and information from the Executive Director
1. Link Street, Burger King, Popeye's ribbon cutting
2. TIP Sidewalk Grant
3. Village Creek Flood Control Study
4. Chamber update
Director Bob Hart provided the updates stating that the ribbon cuttings are projected to take place early
2015, the sidewalk grant is still under review at NCTCOG. The Village Creek Flood Control Study process
has begun with the Corps of Engineers, the study is projected to begin September 2015.
Jack Thompson provided a brief update as to Chamber activities including the December 17 luncheon with
Joe Barton. Business After Hours was a successful start to the toy drive and legislative day is planned for
February 10, 2015.
President Mundy recessed the meeting into executive session at 7:28 PM.
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. TownCenter Development
2. Purchase of property at 5409 Kennedale Street
3. Purchase of property at 5413 Kennedale Street
4. 601 Dick Price Road
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 9:05 PM
Action pursuant to executive session — Accept assignment of contract from City for purchase of 601 Dick
Price Road.
Motion To accept assignment of contract from City for purchase of 601 Dick Price Road. Action Approve,
Moved By Becky Mowell, Seconded By Adrienne Kay.
Motion passed Unanimously.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Adrienne Kay, Seconded By Becky Mowell.
Motion passed Unanimously.
The meeting was adjourned at 9:08 PM
APPROVED:
President Rob4r undy
ATTEST:
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City S cr ry Key Cooper