2015_02.12 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
February 12, 2015
CALL TO ORDER
Robert Mundy called the meeting to order at 12:00 p.m.
ROLL CALL
Present: Robert Mundy, Ron Whitley, Rebecca Mowell, Mark Yeary, Mike Johnson, Adrienne Kay and
Pat Turner
Absent: None
Staff Present: Bob Hart, Kathy Moore, and Jack Thompson with Orasi Development/Chamber of
Commerce
III. MINUTES APPROVAL
A. Consider approval of the minutes from the January 8, 2015 regular meeting
Motion: To approve the minutes as presented. Action: Approve, Moved By: Adrienne Kay, Seconded By:
Ron Whitley.
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for December 2014
Sakura Moten - Dedrick present the December 2014 Financial Report for the Kennedale Economic
Development Corporation, noting the comparisons from 2013. Pat Turner questioned the decline in sales
tax; Finance Director Moten - Dedrick stated that posting normally runs 2 months behind, also noting that it
was dependent upon the timing of the deposits.
Motion: To approve the KEDC Financial Report as presented. Action: Approve, Moved By: Pat Turner,
Seconded By: Mike Johnson.
Motion Passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Link Street, Burger King, Popeye's Ribbon Cutting
Bob Hart stated that Jack Thompson was planning a ribbon cutting ceremony for Popeye's and Burger King
and will combine the ribbon cutting with the dedication of Link Street with Commissioner Andy Nguyen. The
target date is in March. Additionally, he added that the Dixie House Cafe had expressed interest in the old
Showtime building.
B. TIP Sidewalk Project
Bob Hart informed the Board that the Kennedale Parkway Sidewalk project was under construction, with
some curb repairs underway; he estimated that the project should be complete by the end of August.
C. Village Creek Studies
Hart stated that the City completed contracts for the Village Creek Flood Control Study with the Corps of
Engineers, and with UTA for water quality testing. Pat Turner questioned the future project funding source;
Hart replied that 80% was core funding (FEMA and the EPA) and 20% was local funding. It was noted that
the UTA contract was funded by the City thought the Storm Water Budget. Bob Hart concluded that the flood
control study project would take approximately two and a half years to complete.
D. Kabosi Properties
Director Hart stated that H2O Plumbing Supply based out of McKinney / Lewisville are interested in
expanding their business and have expressed interest in this property. Bob noted that they have a good
history at their other locations and would employee 6 -8 people at the Kennedale location.
E. Chamber Update
Jack Thompson provided updates of Chamber activities, highlighting the Chambers increase in membership
renewals. Additionally, he stated that a total of seventeen attended Legislative Day in Austin on February 10
and they held their Ambassador Retreat with eleven representatives. Thompson reminded everyone that the
Chamber was still seeking sponsorships until the end of the month for ribbon cutting baskets and new
resident welcome packets.
President Mundy recessed the meeting into executive session at 12:37 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. 1298 Kennedale Parkway
3. 5414 High Ridge Road
4. Industrial Prospect
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 1:29 p.m.
No Action required pursuant to executive session. Mundy noted that the next regular scheduled meeting
would be held March 12, 2015, at 12:00 p.m.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Becky Mowell, Seconded By Mark Yeary.
Motion passed Unanimously
The meeting was adjourned at 1:31 PM
APPROVED:
- l i %L�
President Rob6h
n%J KE ✓if
ATTEST: �i� jou;
Deputy City Qcretary Kathy E. Moore