2014_10,28 EDC Minutesj 3or
Aw
ar
KENNEDALE
Kennedale Economic
Development Corporation
www.ciiyofkennedale.com ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
October 28, 2014
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, Rebecca Mowell, Ronald
Whitley
Absent:
Staff Present: Sakura Moten - Dedrick, Jack Thompson (Orasi Development)
III. MINUTES APPROVAL
A. Consider approval of the minutes from the September 23, 2014 regular meeting.
Motion To approve the minutes as presented. Action Approve, Moved By Adrienne Kay Seconded By Pat
Turner
Motion Passed 6 -0; Mark Yeary abstaining.
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for August 2014.
City Finance Director Sakura Moten - Dedrick provided the staff report.
Motion To approve accept the KEDC Financial report as presented. Action Approve, Moved By Rebecca
Mowell Seconded By Mark Yeary.
Motion Passed Unanimously.
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. TownCenter
4. NCTCOG Comprehensive Economic Strategies Plan
5. Chamber update
6. Bloxom Park
Jack Thompson provided brief updates on the listed topics, focusing on the completion of Link Street, ribbon
cutting, sidewalk grant, as well as TownCenter, Chamber and Bloxom Park updates were provided. No
action was necessary.
Board Officer appointed: Robert Mundy for President.
Motion To approve appointment. Action Approve, Moved By Becky Mowell Seconded By Pat Turner
Motion Passed Unanimously.
Board Officer appointed: Mark Yeary for Vice President.
Motion To approve appointment. Action Approve, Moved By Becky Mowell Seconded By Pat Turner
Motion Passed Unanimously.
President Mundy recessed the meeting into executive session at 7:51 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. Purchase of property at 5417 Highridge.
2. Purchase of property at 5413 Highridge.
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 1020 Bowman Springs Road.
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 8:04PM.
No Action was required.
Vlll. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Ron Whitley.
Motion Passed Unanimously
The meeting was adjourned at 8:05PM.
r # t
President Robert Lindy
ATTEST:
City Se re ry Kel Cooper