Loading...
2014_09.23 EDC Agenda Packet Air nqhL PXL ECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING September 23, 2014 CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE REGULAR SESSION - 12:00 PM I. CALL TO ORDER II. ROLL CALL III. MINUTES APPROVAL A. Consider approval of the minutes from the August 12, 2014 regular meeting. IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for July 2014. 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 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 VIII.ADJOURNMENT In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for reasonable accommodations for persons attending City Council meetings. This building is wheelchair accessible, and parking spaces for disabled citizens are available. Requests for sign interpreter services must be made forty-eight (48) hours prior to the meetings. Please contact the City Secretary at 817.985.2104 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the September 23,2014, Kennedale Economic Development Corporation agenda was posted on the City Hall bulletin board next to the main entrance of the City Hall building, 405 Municipal Drive, of the City of Kennedale, Texas, in a place convenient and readily accessible to the general public at all times and said agenda was posted at least 72 hours preceding the schedule time of said meeting,in accordance with Chapter 551 of the Texas Government Code. -L (�� d' — Kelly Co Cp#r, City Secretary Air PXL Staff Report to the Board of Directors Date: September 23, 2014 Agenda Item No: MINUTES APPROVAL A. 1. Subject: Consider approval of the minutes from the August 12, 2014 regular meeting. II. Originated by: Bob Hart Ill.Summary: Minutes are prepared by the board secretary and ready for your approval. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: Air nqhL PXL ECONOMIC 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. APPROVED: President Robert Mundy ATTEST: City Secretary Amethyst G. Sloane Air PXL Staff Report to the Board of Directors Date: September 23, 2014 Agenda Item No: REGULAR ITEMS A. 1. Subject: Review and accept the KEDC Financial Report for July 2014. II. Originated by: Sakura Moten'Dedrick, Director of Finance& IT Ill.Summary: Please see the attached information. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 11. [Iul 2014 EDC Financials 120140923 EDC Jul 14 Financials.pdf JUL 2014 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS Budget/Amendment No changes. Year-To-Date • Ad Valorem Tax: Increase in comparison over this time last year. Based on tax receipts received from assessments. • Sales/Beverage Tax: Increase in comparison over this time last year (see Monthly Graph, 3- Year Historical Graph, 10-Year Historical Data). Please note, sales tax receipts run two months in arrears. • Investment Earnings: Decrease in comparison over this time last year. Based on record low earning rates and decrease in cash balance. • Miscellaneous Income: Increase in comparison over this time last year. We received approximately $224K in April this year for the sale of 1000 East Kennedale Parkway and $725K for the sale of the Burger King/Popeye's location. • Surplus Sales/Rentals: Decrease in comparison over this time last year. Approximately $8400 a month lost due to Surplus Warehouse closure beginning Feb 2014. • Transfers: No significant change. • Personnel: No significant change. • Supplies: Decrease in comparison over this time last year. • Maintenance: Decrease in comparison over this time last year. • Sundry: Decrease in comparison over this time last year. • Debt: Increase in comparison over this time last year. Based on amortization schedules. • Transfers: No significant change. • Capital: Decrease in comparison over this time last year. Estimate For FY13/14, the anticipated ending fund balance is $349,475. This is $200,125 operations / $29,431 capital bond project/ $119,919 reserve bond. 1,066,682 1,066,682 489,269 656,760 1,103,880 1,103,880 1,390,500 =S (942,275) (942,275) (1,041,961) (1,096,620) (612,657) (612,657) (453,821) ASS) 124,407 124,407 (552,692) (439,860) 491,223 491,223 936,679 ES/(EXPENSES) 250 250 469 471 645 645 3 (151,619) (151,619) (151,619) (151,619) (155,118) (155,118) (155,118) /(LOSS) (26,962) (26,962) (703,842) (591,008) 336,750 336,750 781,564 CE $ 26,452 $ 35,926 $ 35,926 $ 35,926 $ (306,400) $ (555,081) $ (555,081) (EXCLUDING OTHER FUNDS) $ (510) $ 8,964 $ (667,916) $ (555,081) $ 30,350 $ (218,331) $ 226,483 $ 120,066 $ 120,062 $ 119,900 $ 119,903 $ 119,966 $ 119,955 $ 119,918 FUND $ - $ 46,182 $ 38,331 $ 29,411 $ 13,357 $ 4,411 $ 29,427 (INCLUDING OTHER FUNDS) $ 119,556 $ 175,208 $ (509,685) $ (405,767) $ 163,673 $ (93,965) $ 375,828 :E $ 26,452 $ 35,926 $ 35,926 $ 35,926 $ (306,400) $ (555,081) $ (555,081) $ (555,081) $ 322 42,466 42,466 33,950 42,167 23,132 23,132 51,543 51,543 (1 S 397,660 397,660 191,287 297,348 305,808 305,808 218,450 320,861 (9- 250 250 469 471 645 645 3 4 395,000 395,000 113,238 117,255 600,000 600,000 989,887 989,888 20: 231,556 231,556 150,794 199,990 174,940 174,940 130,620 140,618 (5t $ 1,066,932 $ 1,066,932 $ 489,738 $ 657,231 $ 1,104,525 $ 1,104,525 $ 1,390,503 $ 1,502,914 $ 37 17,344 17,344 10,417 11,259 3,100 3,100 - 3,100 (1 22,856 22,856 22,941 32,094 30,240 30,240 19,044 23,000 265,771 265,771 258,824 271,101 213,130 213,130 229,122 338,111 (5,' 165,757 165,757 158,159 167,188 186,187 186,187 163,423 186,147 2( 151,619 151,619 151,619 151,619 155,118 155,118 155,118 155,118 470,548 470,548 591,620 614,978 180,000 180,000 42,232 42,232 (29( $ 1,093,894 $ 1,093,894 $ 1,193,580 $ 1,248,239 $ 767,775 $ 767,775 $ 608,939 $ 747,708 $ (326 URES $ (26,962) $ (26,962) $ (703,842) $ (591,008) $ 336,750 $ 336,750 $ 781,564 $ 755,206 $ (510) $ 8,964 $ (667,916) $ (555,081) $ 30,350 $ (218,331) $ 226,483 $ 200,125 KP 0.0% 0.8% -56.0% -44.5% 4.0% -28.4% 37.2% 26.8% IT) $ - $ - $ - $ - $ - $ - $ - $ - ALL) $ (510) $ 8,964 $ (667,916) $ (555,081) $ 30,350 $ (218,331) $ 226,483 $ 200,125 $ 397,660 $ 397,660 $191,287 $ 297,348 $ 305,808 $ 305,808 $ 218,450 $ 320 250 250 469 471 645 645 3 $ 250 $ 250 $ 469 $ 471 $ 645 $ 645 $ 3 $ 395,000 395,000 102,295 106,313 600,000 600,000 977,945 977 )GRAM - - - - - - �TS - - 10,943 10,943 = - 11,943 11 $ 395,000 $ 395,000 $113,238 $ 117,255 $ 600,000 $ 600,000 $ 989,887 $ 989 NTER 227,556 227,556 149,083 198,206 166,440 166,440 125,809 132 4,000 4,000 1,710 1,784 8,500 8,500 4,811 8 $ 231,556 $ 231,556 $150,794 $ 199,990 $ 174,940 $ 174,940 $ 130,620 $ 140 :ASE - - - - - - - $ 1,066,932 $1,066,932 $489,738 $ 657,231 $ 1,104,525 $1,104,525 $1,390,503 $1,502 VG INTEREST/TRANSFERS) $ 1,066,682 $1,066,682 $478,327 $ 645,818 $ 1,103,880 $1,103,880 $1,378,557 $1,490 =RAL FUND 106,668 106,668 47,833 - 110,388 110,388 137,856 149 IL w U Q � M o N � Q a � U N Q M a N O Q N 0 .N O Q fl� UJ � � U m Q � w Q LL. N O N � ( Z Q V � O � U O w U � Q W U Q O Z � O N U O °o °o °o °o °o °o °o 0 0 0 0 0 0 0 CD o U� o Nt ( ) m N N d} b9- d} H-} d} 64 H-} LO IL LU eel c� 00 Cr� cli eq IL C4 O co � ....... co Of) .... LU C4 O C4 LU O LU O O cm C) C) C) C) C) C) C) C) C) C) q q q q q � CD CD (Y) (Y) N CIA H-} b9- b9- 64 F(O I c4 M SO Ol N M:M1 SO IP .m,-:c6 Q:KA cY.of M..N M:Kn L'(O:V n m Q.CO Kn M h N:o,Kn LLJ.:6l:N n r Q::KA W(D C.LL'S N C'M W:M of(O OD n lq:: (O.C3(V LLJ�CS::ifJ LLJ Q:M M M a k7�V...Lik m h r(L)::�.N M N N m r N W M 4]O N O 4]f M1 ------------ 0 0 0 0 0 0 0 0 0 0 0 0 ------------ p m-M-M1 V: m w }U }U (n 0 0 0 0 0 0 0 0 0 0 0 0 (n 0 0 0 0 0 0 0 0 0 0 0 0 (n------------ Z y m m O.m M1 O..... a 0 0 0 O N LL�W(O V M1 O of(O M1(O N Z a N N LL(O�M1 LL�W N N(A M O M1(A M V oN f M1 of(O iM f V M(fO 0 Z a NN Q w N S V(O M1 M1 O O W N(O M1(O w m(O Q S4 N M1 O h aJ M'-V:R O C: r h M1:LLJ N O o :W: r :M m m O m d U O O N r 6J V..M 6J U. (A 4'J O M1 M(C):LL?O O O IL1. d.:(A of ItJ 03 Ifl M1 N LL?M.M N m M F h M1 V M tiY M1 N 6?�.M1 N M. M F LL'l 1L3 O M1 IfJ 1K3 d'o?CO 4J tl'tNtpp: M F�r M 47 0�T W O W O. N N N Q(n V(O of M(n N M V(O v n �Q (A M M1 N V(A LL�(➢1 in n �Q(A of(O V LL�N V M of:(D'.of(O OD n m M16(O A O N 6 LL M 6 LL O M M 6 6 A m M1 (O M1 N M F(O OJ1 V�(OM1mvMrn OaoO wW W MOOM1in co00_M1mo F�(A V MOrn�N M:M:M1 NmO �w v�M1 ul o�N o ul M1 ro�n o �w m m M V o M Kn o v M Kn o in o ;!w(O N v�o M1 M o�v Kn o n o M D M N m W ON W of N W O M p M 0 O m p..(NO(00 m(m0,W w N p M o M M N O O O O M N N N N O p N Q.V m o O oN o oOM o 16VMOcoNW c4Q:.(ONmoOoMO�.:N N�.� mW NS W w N w:W�b_D Nom (�m4N40.m(m040 w.:KM1S...NN Nom.... MNO OOMN:NN M:ON r— r— �f � f/y f r f N Lu .-:N pLu W pLLI. :M 0 0 0 0 0 0 0 0 0 0 0 0 N o 0 0 0 0 0 0 0 0 0 0 o N -0 0 0 0 0 0 0 0 00 0 0 m—W(O N of m N C O of 0 m—W(O N of m N C O of 0 m—W(O N of m—of }U N N N N N N N }U N N N N N N N }U N N N NNN N Z(n 0 0 0 0 0 0 0 0 0 0 0 0 ()0 0 0 0 0 0 0 0 0 0 0 0 (n o 0 0 0 0 0 0 0 0 o 0 0 V (�O O O J rY M of O LL�m l M M M1 of V N of(A O w(O M1 N N of M1 W(O W N(A O of of(A O O M:(D:(A of(O Z y M-.m SA M1 m of(n.o M OD Z N(A N of V LL�N (O M N M Z NMM V N V V M1 M1 of M1 O V 3 O N(O V LL�(O of v M of 1M a NQ (A a 0 V N 1N N y(Oj N(O a O (�J M U J N U J M 1�m W m�]M �YY:m OD M ©a w m SM4(mtt m m r D:R(O C'KA cll O::M1 IQ h. 1 0 W M1 O V C 0:1 W of N 4J Lq::Lq r 0::(O Kn M V C N R)((Y 1—: O_ o U m V O N O LO r W O 0nD oD m W W M a O M m O a W M O N cD m (O N V�O�M O N V 6 M O O M of V m V w O N M N m of N of of N of of N (A M of LL�O M1(A N V of M1(A r N O O LL�N V W O(O O e M1 M M1 V O N M1 of(O M1 M1 N O e (n M F V M1 of(A(O N O (O O O V V IA M F(O of V M1 M1 V of of(A of M M OD N c w W(n w N SA of N N w:N: W M1 M(O(A(A(A(A V M M1 V f0 OD UJ W O LL�N V(A LL�(A LL�M m OD UJ N I of V V(A M1 M1 oJ:M:I w I p N O m W N N W W W W W N D W m� A r m N r N o W W c N 0 m m mM W M N rn v N v N N m c 0 7 N G G M N mow O.M m N r��V N N W a�r.W SA O W M M N a m V N W W W W W:�:°' M M1MM1 m m(A SA V M M1 v n v m.O M1 m V m(O—V O Co M V ��LL��M m m V N N M of(O(O m V (O of M 6 M M1 of V":,5(O O r C6 ��V�6 6 N M�M M N O N�OD ��� M M N M N M V­­m O U«« N O U O U M Q V O M of O(O M M LL�N LL�O N n Q LL�(A O O M1 O(O M1 V O V O M1 of M1 V N N 66 6 N N V 6w O E M of N m V M1 N N V m V V(n V of of LO M1 M1 V:LO of(O O(G UM1 1w 1w M1 M1 W O O c O U N M N N M N N M N:N:N M M N Q c N.4 c N Q p N M m r O r W W N O p N N W O O O N O M fM0 O O W O V M O O(m0 W M V N O pY of of M N M1 N N N 6(O M1 6 O of M V V M1 m M N 6 M1 W W V of of 6 m r:V M1 N� A J O N M1 M N LL�V N M N LL�W n W J O(A M1 O(O of O W N M N V Q Q O 4 4 Q Q O�N M.�SA V CO M1 SA M1 N Q Q O M1 O V LL�O(O of(O:f➢Y.(O N n� OD of V O M1 V of O M(O o m f0 OD (O O of O ­­­q OD O U m M N M1 M(O(A N of M1 M(A m m m,O M1 m Op U N M M M N M N M N M N Q �� � N Q O O O M1 M1(A V V N(A V(O M e O M M O of(A M LL�(O N(O N OD e O of of M1(A O of l:M1:mm V(O e O�W—Ilo W_MO W SON O�(mm MOLL�a W Co m�V(00nN NN m: I:V LLm�NN 1� M1 N M 66 M1(O.m N M V M M 1��6':&c6 6 6 N m V y(A�L�O W c? 1���6,5 N 6�V�V:O'.of M M N7 M1� O U N M N N N N N M N M M N M (O of of M LL�w SA(O O O SA�M e M1 W N V N M1 N of N O O N e (A(A M1 M1 N V m:M1:O O e n J M1 M N N 0 of of M1 m o N W N n m LL�N N(A LL�(A of M1M N(n SO N n J 0 0 M LL�(n m(A(n M1 m M N N Q Q of V V M O(n(O M1(n(n MM1 V N q Q M M(A N(A O in(A V O N M N Q Q m o m m SA.�SA:V:M v.N (O (O V N LL6(A M1 N W M1(A M O N7 f0 O M(A of(A O M1(O O N LL� N C7 f0 (O M(O(A(O LL�N(O:lA.of O N M O U O(O(A O (O O N O--N �� �M O U m N O M1 m M1 m m m O O U N V N N N N M N:N N M M � c N Q � � m N Q 0 z m w w m:m M of( e O m�a r V W a V m V M N O V W mom W W m�O N H O V­­Q N M V NS W(O:N:m M M N N M M1 M N 6,6 M O M1 M(A W 1� N (n M 6,6 V N M1 N N M1 N N 1 Q N O M v M LL�V V LL�M1 V LL�M1 n n O U N m(A(A V(A(A a (A a O M O U M1 M1 O M1 M1 O of M1 O of V O M M N N M N N M N N M N a N Q m M O N J m N m a W V V V W O O OD N J N ON W W M O(�O M(00(M1O M N OD O U Q Q N N V(A V M M1 V O(A W M1 N W Q Q M1 V LL�O of O O m m O w W H Q SSI.N(o oc oo J O m m M W W V m O M m W ~ J 6 m m W O W O N N N N M N N M O�W WO r r.m N O N J N Q — — m a N Q m x o Q n 0. Q G W G M1 M1 W V V N (O M1 LL�(O of LL� (O V O V N of M1 M m m m(O of O M N V M O N()-F V(O(O of:N:(O N O O (A N M1(A(A of of V LL�M1 O of N V z O O N V N m N M M M(O M1 M V >O O M1 of V m M1 V V of m M1 M1 O t f/1 M M Z M O 6 6 M1 M1 O of�M1 N M1 W N w O M(O_:6 N M(O M:...M N N Q Q p Q LL y O UQ O U x p Q M fn H N _ _ Fw >Uzmof of t9a Zw >0 z m of}z t9a ZOw >Uzmof of}z:�:t9a O Q U O w Q w a a Q D w w� U O w Q w Q m Q D D R w U Q U O w Q w Q m Q�M w Fy Ozo LL�¢�L Q(o (9 Ozo LL�¢�L Qw w(n Ozo LL�¢�L :�:Q(n N N N O O O O T Vf O W O N N T r O N N r W O T O O N O r r to N O r w r O N W N W M V 00 W O Q O Q O M Ln O m W O Ln ' Vf O r W O Vf M pp? C N N F.. Q W N O1 N r to r Q w N M Q M Q M N N N Ln l!1 M O V N W M Ln N N a' W N N N N N N N N N N N N N N N N N N N N N N N N N N N N N r to r O Q N M lD N M N Q O 00 M V1 r r W M M 7 r a0 O c4 V1 O r O O (� O m N M Ln O r to N Q N It M M M O M r lD M m N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N r �o h: �o O O o : O o. v1 O M N M. to N m. c-I Q O :: co : O 7: M O t/1 O1 :Go m M:V: r W 0 o. O co Ol ::0. J : O m N M t/1 O :: V1 �f1 to to r r :V. M M M O V1 M N to N m r N r N O' ti M to m. r. to O) o v1 i/1 to o 10 M lD. O N M N r o N M M o co O) N r M 7 r ri O . O vi 7 vi O 7 Z M Gl N M T O O lD O r Q Q r M Ol Q Gl N t/1 n WN N N N N N N N N N N N N N N N N N N N N N N N N N N N N F- Z r to r to O O O i/1 O O O Ln N M W lD N M N Q o Co M o 7 O t/1 al o0 V M M Q r W o N i/1 O O o W Ol O m N M Ln O v1 to v1 to v1 r r M to 7 I^ M M O �/1 M c-I c-I 01 r N to Z SL r N O N M W m a 0 o to r to O O N O G1 o M D o N M N r O N M O 7 O r N N . r � r4 r � � o � o . . . Lr; � � Lr; o . . . M � Q � � to a O'. M Gl r M Q O N lD V1 O Q Ol r 5 Q r Gl 00 M t/1 r 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N w `4 J O t/1 O1 to a N o Co a m M oo ° O M I, oo r4 l� o � r, � m N Q M M r Gl M Q O N lD N r W W r W O Q N Q V1 r O �f1 M N N N r m Z N ri a a ri N ri Z } W LL N N N N N N N N N N N N N N N N N N N 1/}N N N N N N N N N Y O lD r lD m 0 t/1 to O N M N r O of M V1 W Ol -! 0 r M 7 r ri O to vi O N W 7 M m N M T 0 to lD N t/1 M r } LL N M r M M N M M O G1 n W .--I N W n N O i/1 r lD W to O Gl M N Q o m M v1 O W t0 -! M M N M M O oo lD �f1 �f1 l0 r r W a N N N N N N N N N N N N N N N N N N N N N N N N N N N N N O i/1 r to O W O to M t/1 to O m M c O Q O v M to O t/1 Ol N r oo a r oo to a to vi N vi m N a V M M N M Q O N lD �f1 r N M r YJ.. lD r r N V1 7 N 7 N W M M tp to N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N O i/1 r to W o N i/1 M O) O1 to O Gl M N Q O i/1 M r . W N r oo a r r o oo oo N Q a a M M N M r M O r to o t/1 W r r lD N V1 N N 7 M r M Z. V1 N O1 N N 1p l0 N N N N N NNN N N N N N N N N N N N N N N N 1/}N 1/}N N 1/} O i/1 r to 0 W 0 7 i/1 o i/1 o Q Q to O m M N oo N o N M o 0 0 l0 l0 N r o6 7 r r4 O1 O 7 v1 0 G1 v1 M l!1 7 H M M N M V1 W 0 oo to �f1 O r W O r V.. lD r r N M �f1 M N N lD N O M M d. V1 N Ol N M l0 lD N N N N N N N N N NNN N N N N N N N N N N N N N N N N N 1/}N N 1/} Y -a c N O W y. � U O C E N Y Z N N CW to E 3 +'' W .0 Y O W C C 0 OU%O N ._ Q V � to to ro F w u 3 a 0 ¢ °�° c E v v u a w CZ m j F c Z W C U C O c ho U) W F b Q 0 N Y C ho W to J 5 F a N Y _6 N O. Y _6 C o b w C7 a O v z w vi a LL ¢ z vii Q O Z H 00 w O N 0o O N O N T w o In Q W Q O N Il O lG In T T O O M O a0 N T O M W In M O Q lG lG J In N Il: L6 a-I O 1p O N T w o In I, 4pp N In In In a-I M N O Q N O Q O pp N w to w ei Q o I, O O 0o F.. T 00 00 0o Q O In C M T Q N Q O pl N cr N I� O o M �"� 00 M W Ln N N l!1 N Oo Q W W F.. Go N N N O I, to 0o O O 0o O to O m M N Q O O O l! T -! I� W I� n O . . . oo m vi n T 7 a..: M M N M M O 7 to m n W Q I, W..... to I� n N V1 7 N r, N N T M 111: V1 N T N M In to O �/1 I, to 0o O to oo O T T to O m M ti Q O oo M o o o N a-I -! I-z 00 7 I-z n O . . • 00 V1 O 7 V1 M Q 7 N N N N O �/1 I, to 0o O M M M O T T to O m M ti Q O 7 00 c-i O M O ti I� W 7 I� n O �/1 N to O Q M 7 V1 N pl N M In M t/}t/}t/}t/}In- t/}t/}t/}t/}t/}t/}t/}t/}t/) O N M to N O oo O 0o M to O oo oo ti 0o o N 7 M o O Il ti I� W 01 n N O . . . 7 . . . . . Do V1 O 00 Q 7 Z M M M M l!1 O N V1 I, It 0o W n _... to O V1 I- T V1 7 Do m n N M Ol .--I M 1p l0 �--� �--� N N �--� W F- Z O l0 n to T O O to m O In Q to W O N M N Il O O 7 N M to M I- O n O N V n M 7 I-z N O O l0 01 v1 V1 V1 w V1 In 1p 7 M M N M T O O to to to V1 r, N n n I^ N M I, M Q Ol IT Z n 00 N N l!1 N I, a d t/}y/}In-In-y/} 0 o n r, �o 0o 0 oo o N n o In M to O m M N Q O oo O V1 M O Il n N N n 00 7 I� n O 7 . . . o al v1 V1 Q N 7 O' M M N M M O N V1 N to I, M O r, Z M to n n N V1 7 .--I .-I N N lG In M N 1p l0 0 N N N N F- M +n in in in in v} in in in in in in in in in in in in in in in in v} in v} v} +n W rq J 0 I" to 0o O oo m V1 O N W to Q N o o1 M N Q O N to M o N N N I- W 7 n O al o v1 V1 O I�z 7 Q N M M N M M O N N to I, 0o In I, W rq GQC to I, I, a-I V1 7 N c-I N In In M Z Z } W LL +�in in in in of in in in in in in in in in in in in in in in in of in of of in Y o �n r" to 0o o N to M In to O m M N Q O I, n M o 0o W -! 0 I� W 7 I� n O . vi o v1 v1 l0 . O 7 LL [G M M N M M o oo o to oo M O n } LL l0 n n N V1 oo .-I N m l0 In M N N N M N N 0 t/}t/}t/} t/}t/}t/}t/}t/}t/}t/}t/}t/}t/}t/}In-t/}t/}t/}t/} N N V1 I, to O O to oo N 0o oo Gl Gl M N Q O M r, M T Q o N 01 W 7 I� O O . . . M . . . . . N V1 to I�z N n V1 M N M W o m n to o M N Gl W Q O n n In v1 7 N N r, a N V1 I, to O O to M W Gl m M N Q O M N O O Q T 0 Oi W 7 I� O O . . . M . . . . . r4 Vi Vi In I, V V1 M N M W 0 m It to I, n 0o m W n In v1 7 W N 7 Q O I� N N N N N V1 I" to O o N O to V1 oo O O oo Gl Gl M N Q o M N N M c-I M a-I o 01 W 7 I-z O o l0 N V1 V1 to Q W I, a V1 M N M 1p 0 7 G1 n to n In O m O I� n Lr v1 M O N r" T lG n Z. l0 N T N N N In M to N V1 I, to O o V1 W 0 0 o M Il W 01 M c-I Q o O N o Lq o 00 In o F- al W 7 I� O O N W c r, o n N n : V1 M N M 1p O 7 M V1 to V1 Q N G1 d. l0 N O1 N 1p l0 N N N N Y -a c N � U O o c Z N N CW � O W C C O OU O _ Q V N N O E wo a) f0 N .� Z ~ J C w 3 o- O ¢ oo c E v a u a w Z m F - o v v > c v a ww ,f0, ZW c O` U O Z W a V Y c vOi N C N c w C c Q O N v"i r`o uo a U - c . w t; w z D c W F a c a u `° c u a) +o' -6 v a 'o' -6 o c F ? z V vvi w C7 a v i H z w va O Z O LL ¢ � - z v Q INSURANCE - - - - - - - ,NCE - - - - - - - CE (TERM/LEAVE ADJ 300 300 - - - - - i 16,544 16,544 10,417 11,259 3,000 3,000 - 3,000 SUPPLIES 250 250 - - 50 50 - 50 250 250 - - 50 50 - 50 MALL TOOLS<$5K - - - - _ - - - 'PLIES - - - - _ - - - $ 17,344 $ 17,344 $ 10,417 $ 11,259 $ 3,100 $ 3,100 $ - $ 3,100 $ =NANCE - - - - - - - )FTWARE MAINT - - - - - - - 5,000 5,000 6,205 6,604 - - 2,559 2,600 3LICATIONS 9,775 9,775 10,980 10,985 3,150 3,150 3,614 3,614 ERVICES - - - - _ - - - ARS 1,000 1,000 270 270 1,000 1,000 - 1,000 16,000 16,000 100 100 5,000 5,000 200 5,000 1,500 1,500 1,500 1,500 2,000 2,000 2,000 2,000 :S 49,036 49,036 66,204 74,304 51,600 51,600 44,385 52,600 AL - - - - - - - - 700 700 186 186 700 700 - 700 RVICES 50,000 50,000 18,999 18,999 10,000 10,000 7,500 10,000 ICES - - - - - - - - -GENERAL FUND 106,668 106,668 - - 110,388 110,388 125,777 213,730 $ 239,679 $ 239,679 $104,444 $ 112,948 $ 183,838 $ 183,838 $186,036 $ 291,244 $ - - 6,000 6,000 - - - ANT - - - - 6,000 $ 6,000 �ENERAL FUND - - - - - - - EDICATION FUND - - - - - - - DC RESERVE FUND - - 1,662 1,662 = - 30,175 30,175 ,ANCE SIGN 45,000 45,000 - - - - - VEMENT - - - - - - - FEES - - - - - - - - BOND-INTEREST 71,585 71,585 71,531 71,531 68,806 68,806 68,766 68,766 BOND-PRINCIPAL 40,000 40,000 40,000 40,000 45,000 45,000 45,000 45,000 VERAGE-INT 19,359 19,359 14,555 17,702 18,210 18,210 16,745 18,210 VERAGE-PRI 34,813 34,813 26,074 31,954 54,171 54,171 32,911 54,171 $ 165,757 $ 165,757 $152,159 $ 161,188 $ 186,187 $ 186,187 $ 163,423 $ 186,147 $ )EBT SERVICE FUND 151,619 151,619 151,619 151,619 155,118 155,118 155,118 155,118 $ 151,619 $ 151,619 $151,619 $ 151,619 $ 155,118 $ 155,118 $ 155,118 $ 155,118 $ URES $ 317,376 $ 317,376 $303,778 $ 312,806 $ 341,305 $ 341,305 $318,541 $ 341,265 $ 'ENANCE 22,856 22,856 22,941 32,094 30,240 30,240 19,044 23,000 $ 22,856 $ 22,856 $ 22,941 $ 32,094 $ 30,240 $ 30,240 $ 19,044 $ 23,000 $ BLICATIONS - - - - - - - SERVICES - - - - - - - - -ES 4,200 4,200 3,729 5,012 5,000 5,000 3,754 5,000 )PERTY 4,000 4,000 8,476 8,476 8,500 8,500 10,075 10,075 ES 17,892 17,892 15,447 17,938 15,792 15,792 13,339 15,792 $ 26,092 $ 26,092 $ 27,653 $ 31,426 $ 29,292 $ 29,292 $ 27,169 $ 30,867 $ URES $ 48,948 $ 48,948 $ 50,594 $ 63,521 $ 59,532 $ 59,532 $ 46,212 $ 53,867 $ :7N SERVICES - - - - - - - - RVICES - - 2,550 2,550 - $ 2,550 $ 2,550 30,000 30,000 21,274 44,632 30,000 30,000 - - $ 30,000 $ 30,000 $ 21,274 $ 44,632 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 23,824 $ 47,182 $ 30,000 $ 30,000 - - 568,684 568,684 150,000 150,000 12,057 12,057 395,548 395,548 - - _ - - - $ 395,548 $ 395,548 $ 568,684 $ 568,684 $ 150,000 $ 150,000 $ 12,057 $ 12,057 $ $ 395,548 $ 395,548 $ 692,861 $ 692,861 $ 150,000 $ 150,000 $ 27,975 $ 28,057 $ BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE CHANGE ONCE $ - $ 46,182 $ 46,182 $ 46,182 $ 38,357 $ 29,411 $ 29,411 $ 29,411 - - 94 100 - 16 20 $ - $ - $ 94 $ 100 $ - $ - $ 16 $ 20 $ - - 6,779 6,779 - - - 1,166 10,091 25,000 25,000 - - 25,00( $ - $ - $ 7,945 $ 16,871 $ 25,000 $ 25,000 $ - $ - $ 25,001 IDITURES $ - $ - $ (7,851) $ (1 6,770) $ (25,000) $ (25,000) $ 16 $ 20 E $ - $ 46,182 $ 38,331 $ 29,411 $ 13,357 $ 4,411 $ 29,427 $ 29,431 >F EXP N/A N/A 482.4% 174.3% 53.4% 17.6% N/A N/A RENT) $ - $ - $ - $ - $ $ - $ - $ - (RTFALL) $ - $ 46,182 $ 38,331 $ 29,411 $ 13,357 $ 4,411 $ 29,427 $ 29,431 'ITAL BOND FUND - - - - - - - 94 $ 100 $ $ - $ 16 $ 20 $ ID MENT FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 C BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE Cl ENANCE - - - - - - - AIRS - - - - - - - :7N SERVICES - - - - - - - RVICES - - 6,779 6,779 - - - $ 6,779 $ 6,779 - - 1,166 10,091 25,000 25,000 - - $ 1,166 $ 10,091 $ 25,000 $ 25,000 1RES $ - $ - $ 7,945 $ 16,871 $ 25,000 $ 25,000 BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE CHANGE LANCE $ 119,866 $ 119,862 $ 119,862 $ 119,862 $ 119,914 $ 119,903 $ 119,903 $ 119,903 �S 200 200 39 41 52 52 15 16 (148) $ 200 $ 200 $ 39 $ 41 $ 52 $ 52 $ 15 $ 16 $ (148) :NDITURES $ 200 $ 200 $ 39 $ 41 $ 52 $ 52 $ 15 $ 16 CE $ 120,066 $ 120,062 $ 119,900 $ 119,903 $ 119,966 $ 119,955 $ 119,918 $ 119,919 OFEXP N/A N/A N/A N/A N/A N/A N/A N/A QUIREMENT) $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 ORTFALL) $ 7,460 $ 7,456 $ 7,294 $ 7,297 $ 7,360 $ 7,349 $ 7,312 $ 7,313 iiv`.vv � wv wv vi u� a� is iv � EARNINGS $ 200 $ 200 $ 39 $ 41 $ 52 $ 52 $ 15 $ 16 $ -EDC FUND - - - - - - - - CY IUES $ 200 $ 200 $ 39 $ 41 $ 52 $ 52 $ 15 $ 16 $ FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - AME BUDGET AMENDED YTD MAY ACTUAL PROPOSED AMENDED YTD MAY ESTIMATE CHAh JT-EDC FUND - - - - - - - - DITURES Air PXL Staff Report to the Board of Directors Date: September 23, 2014 Agenda Item No: STAFF ANNOUNCEW1ENTS/REPORTS A. 1. Subject: Updates and information from the Executive Director. 1. Link Street and Oak Crest development 2. Village Creek l TIP Sidewalk Grant 4. TovvnCenter S. NCTCOG Comprehensive Economic Strategies Plan II. Originated by: Bob Hart Ill.Summary: EDC Director, Bob Hart will provide anupdate. IV. Recommendation: None V. Alternative Actions: VI. Attachments: Air MqhL PML Staff Report to the Board of Directors Date: September 23, 2014 Agenda Item No: EXECUTIVE SESSION A. 1. Subject: 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 at7084EKenneda|eParkway. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of the Texas Government Code to deliberate the offer ofa financial or other incentive to a business project with whom the city io conducting economic development negotiations. 1. Discuss development incentives at1298VVKenneda|eParkway. II. Originated by: Bob Hart Ill.Summary: IV. Recommendation: None V. Alternative Actions: VI. Attachments: