2015_05.14 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
May 14, 2015
CALL TO ORDER
Robert Mundy called the meeting to order at 12:00 p.m.
11. ROLL CALL
Present: Robert Mundy, Mike Johnson, Pat Turner, Ron Whitley, Mark Yeary and Rebecca Mowell
Absent: Adrienne Kay
Staff Present: Bob Hart, Kathy Moore, Bounmy Sibounheaung, and Hong Muyheng
Ill. MINUTES APPROVAL
A. Consider approval of the minutes from the April 9, 2015 regular meeting
Motion: To approve the April 9, 2015 regular meeting minutes. Action: Approve, Moved By: Rebecca
Mowell, Seconded By: Mark Yeary.
Motion Passed Unanimously
B. Consider approval of the minutes from the April 30, 2015 special meeting
Motion: To approve the April 30, 2015 special meeting minutes. Action: Approve, Moved By: Ron Whitley,
Seconded By: Rebecca Mowell.
Motion Passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for March 2015
Director Bob Hart reviewed the March 2015 financial report with Board members; he noted that the report
would be brought up to date and presented at the regular EDC meeting in June. Robert Mundy requested
that staff highlight the changes from month to month on the financial report.
Motion: To approve the March 2015 KEDC Financial Report. Action: Approve, Moved By: Rebecca
Mowell, Seconded By Mike Johnson.
Motion Passed Unanimously
B. Consider authorizing agreements which the Executive Director may execute, relative to the sale of
the TownCenter Development interest by David Johnson, DBA Kennedale Town Center L.P.,
including the commencement performance date of TownCenter buildings; assignment of the
Commercial Property Management Agreement; assignment of the Economic Development
Agreement for Development of Kennedale TownCenter; assignment of the Ground Lease; and
assignment of a Reciprocal Parking Agreement
Director Hart stated that this item was added to the agenda in case there were loose ends that needed to be
addressed with the TownCenter Agreements; he informed the group that everything was in order and once
he receives the documentation, he will forward it on to City Attorney, Wayne Olson for review. Additionally,
he noted that no action was needed at this time and that any further action could be addressed at the
regular meeting in June.
V. STAFF ANNOUNCEMENTS /REPORTS
A. Presentation of the ICMA/State Department International Fellows
Hong Muyheng, Cambodia
Bounmy Sibounheaung, Laos
Bob Hart introduced Hong Muyheng from Cambodia and Bounmy Sibounheaung from Laos, stating that the
City of Kennedale was selected to be a host community through the ICMA International Fellows program. He
added that Kennedale would host the fellows through the month of May and that the City will hold a goodbye
reception on Thursday, May 28 th , in which he invited everyone to attend.
B. Kennedale Parkway Access
Bob informed the group that he recently met with TxDOT and NCTCOG concerning access on Kennedale
Parkway; there was conversation concerning the elimination of the continuous left turn lane along
Kennedale Parkway; and the addition of mediums. He added that it would probably be five years before any
physical changes would start.
C. Welcome Signs
Bob Hart stated that everything was in place to start construction of the welcome sign at the North end of
Town by the Quick Trip; noting that traffic management would be more costly than the sign.
D. Sidewalk Project
Bob stated that he was working with NCTCOG to correct the sprinkler system issues on the sidewalk
project.
E. Food Court
Director Bob Hart stated that Jack Thompson was working to establish a food court area in TownCenter.
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. Industrial Prospects for Bloxom Park
2. 1298 W. Kennedale Parkway Business Incentives
3. Potential Hotel
4. Release of claims by Kennedale Town Center L.P., and Cypress Properties
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reopened the regular session at 1:00 p.m.
Motion To authorize the Executive Director to execute the release of claims by Kennedale Town Center
L.P., and Cypress Properties. Action Approve, Moved By Pat Turner Seconded By Ron Whitley
Motion Passed Unanimously
President Mundy stated that the next regular scheduled meeting would be held June 11, 2015; at 12:00 p.m.
Pat Turner reminded everyone that the Burger Box would be closed for the next four weeks.
VIII, ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Pat Turner, Seconded By Mark Yeary
Motion passed Unanimously
The meeting was adjourned at 1:06 PM
APPROVED:
President Robert`Mund=
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D puty Citosecretary Kathy E. Moore