2015_03.12 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
March 12, 2015
CALL TO ORDER
Robert Mundy called the meeting to order at 12:02 p.m.
II. ROLL CALL
Present: Robert Mundy, Mike Johnson, Pat Turner, Ron Whitley, and Rebecca Mowell
Absent: Adrienne Kay and Mark Yeary
Staff Present: Bob Hart, Kathy Moore, Jack Thompson with Orasi Development/Chamber of
Commerce, Greg Schropshire, from Pattillo, Brown & Hill, L.L.P., Steve Robertson, President - Harris
Manufacturing Co., Inc., James Blake, Senior Investment Advisory - Sperry Van Ness, and Gina
McLean, Design Coordinator - Nationwide Construction
III. MINUTES APPROVAL
A. Consider approval of the minutes from the February 12, 2015 regular meeting
Motion: To approve the minutes with a word change. Action: Approve, Moved By: Ron Whitley,
Seconded By: Mike Johnson.
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for January 2015
Sakura Moten - Dedrick provided handouts of the January 2015 Financial Report to the Kennedale Economic
Development Corporation and gave an overview of the report; she noted that there was minimal change
from the December report. Director Dedrick added that the FY 2013 -2014 ending fund balance of $226,739
for operations was moved forward into the January report.
Motion: To table approval of the January 2015 KEDC Financial Report until the April meeting. Action:
Tabled, Moved By: Robert Mundy, Seconded By: Rebecca Mowell.
Motion to Table Action Passed Unanimously
B. Discuss and consider action for approval of the Economic Development Corporation Independent
Auditor's Report for year ended September 30, 2014
Finance Director Dedrick provided a short overview of the audit process and introduced Greg Schropshire,
from Pattillo, Brown & Hill, L.L.P. who provided a summary of the Independent Auditor's Report.
Motion: To approve the FY 2013 -2014 KEDC Independent Auditor's Report as presented. Action:
Approve, Moved By: Rebecca Mowell, Seconded By: Pat Turner.
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Link Street, Burger King, Popeye's Ribbon Cutting
Bob Hart stated that we still needed to get with Commissioner Andy Nguyen's office to set up a ribbon
cutting ceremony.
B. TIP Sidewalk Project
Bob Hart informed the Board that the Kennedale Parkway Sidewalk project has encountered construction
conflicts with the irrigation system installed under the TxDOT Green Ribbon Project; he added that he
intends to send a letter to NCTGOG to request additional funds.
C. Village Creek Studies
Hart stated that the City has signed all contracts for the Village Creek Flood Control Study; he added that a
meeting will be scheduled with the Corps of Engineers in April.
D. Chamber Update
Jack Thompson provided updates on Chamber activities, highlighting their high attendance at the resent
Lunch and Learn. Thompson reminded Board members of other upcoming events, including the Chamber
Networking Luncheon, Business After Hours, San Jacinto Day /Texas Independence Parade, and a Clay
Shoot Tournament scheduled June 13.
President Mundy recessed the meeting into executive session at 12:29 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. Town Center Development
2. 733 Kennedale Parkway Business Incentives
3. 5414 High Ridge Road
4. Industrial Prospect for Bloxom Park
5. 1298 Kennedale Parkway Business Incentives
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 1:49 p.m.
No Action required pursuant to executive session. Mundy stated that the next regular scheduled meeting
would be held April 9, 2015, at 12:00 p.m.; however, he noted that a special meeting may be necessary
before then.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Ron Whitley, Seconded By Pat Turner.
Motion passed Unanimously
The meeting was adjourned at 1:52 PM
APPROVED:
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