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2015_07.28 EDC Agenda Packet )c KENNEDALE Kennedale Economic Development Corporation www.c i tyof lc enn ed a l e.c o m ECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING July 28, 2015 CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE REGULAR SESSION - 7:00 PM I. CALL TO ORDER II. ROLL CALL III. MINUTES APPROVAL A. Consider approval of the minutes from the June 11, 2015 regular meeting IV. PUBLIC HEARING A. NOTICE OF PROJECTS AND PUBLIC HEARING KEN NEDALE ECONOMIC DEVELOPMENT CORPORATION NOTICE IS HEREBY GIVEN that the Kennedale Economic Development Corporation intends to participate in "Projects," as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6, including, but not limited to, designing, acquiring, improving, and operating the following: 1. "TownCenter Project," Operations/Management/Marketing of a "mid-city" downtown district including but not limited to the commercial, medical, retail, entertainment, food truck park, farmers market, land acquisition and (New Urbanism style, typically higher density/multi-storied) residential growth of TownCenter Kennedale and its surrounding area; 2. "Redevelopment Project," The development of new and renovation of existing commercial/residential and municipal /KEDC projects designed to enhance Kennedale's lifestyle and quality of life; 3. "TownCenter Beautification Project," The further development/beautification/landscaping/upgrading of the TownCenter Kennedale area and its adjoining Plaza; 4. "Arts Project," The planning, implementation, and operation of City Festivals and Events; 5. "Sign Project,"The construction of a new Kennedale Entranceway Monument Sign at a site TBD, and/or directional signs; 6. "Parkway Project," The creation & implementation of Kennedale Parkway, Village Creek, and 1-20 commercial and residential Urban Renewal / Development/Redevelopment/ Revitalization /Access and Safety Studies / Economic Incentives / Beautification plans /Kennedale Parkway Landscape/ Sidewalks and actual projects derived from these plans, including Consultation, Planning, Legal, and Engineering Services; 7. "Development Project," The Creation of a Tax Increment Reinvestment Zone (TIRZ) and Municipal Management District (MMD) including Consultation, Planning, Legal, and Engineering Services; 8. "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding and attracting new Kennedale projects and businesses; 9. "Grant Project," The continuation of the existing Revitalization Grant Program and funding for fagade, landscaping, and/or signage improvements; 10. "Industrial Expansion Project," Industrial expansion and recruitment program, including loans, fee waivers, incentive payments, driveway and access construction, street construction, and land leases; 11. "Industrial Recruitment Project," The recruitment of new and retention of existing Kennedale industrial businesses and development/redevelopment of industrial park(s), including but not limited to rail spurs, infrastructure, and office parks, etc.; 12. "Hotel Project," The attraction and development of a hotel, including land acquisition, site development, financing, land lease, studies, and ownership investment; 13. "Transit Project," The attraction and development of DFW Metroplex area commuter transit/light rail/ mass transportation services, including land acquisition, the development of a Kennedale rail station and related improvements; 14. "Landbank Project,"The purchase / leasing /sale or other means of transfer of real estate land and properties for the accomplishment of the above designated projects; 15. "Village Creek Project," The development of Village Creek Park, including land acquisition, recreation facility development, water quality enhancement features, and related flood control and water quality studies; 16. "Oak Crest Development," The land acquisition and site development for the Oak Crest area, including utility extension, street improvements, consultation, plans, legal and engineering services; 17. "Financing Project," The issuance, purchase, sale, or other means of transfer of Bonds and other debt instruments designed to fund the above objectives including, but not limited to implementing a Tax Increment Reinvestment Zone (TIRZ) District/Municipal Management District (MMD) /Texas Leverage Fund and mixed-use project(s) development/redevelopment; 18. "Staff Support Project," Contractual staff services; 19. "Hotel/Motel Tax Administration," Manage the administration of the collection and expenditure of the hotel/motel occupancy tax in accordance with chapter 351 of the Texas Tax Code; 20. "Administrative Project,"All necessary services and related expenses for the above projects including but not limited to project master-planning; engineering; alternate energy sources; project advertising / marketing; related consultant and legal services; new construction / remodeling / maintenance of landscaping, roadways, City/KEDC owned or leased buildings, and their related improvements. V. REGULAR ITEMS A. Review and accept the KEDC Financial Report for June 2015. B. Discuss and approve FY2015-16 Proposed Budget for recommendation to City Council. 405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 81 7.985.2102 1 Fax: 817-478-7169 VI. STAFF ANNOUNCEMENTS/REPORTS A. Kennedale Parkway Access B. Village Creek C. Sidewalk Project D. TownCenter E. TI RZ Report F. Chamber Report VII. 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. 5913 Kennedale Road 4. 5409 Kennedale Road 5. 580 Corry A. Edwards Drive VIII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED IX. 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 July 28, 2015, 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. Leslie Galloway, City cretary 405 Municipal Drive, Itennedale, TX 76060 1 Telephone: 81 7.985.2102 1 Fax: 817-478-7169 B. KENNEDALE KenpmentCorpoati STAFF REPORT TO THE BOARD OF DIRECTORS Development Corporation Date: July 28, 2015 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of the minutes from the June 11, 2015 regular meeting II. Originated by: III. Summary: Minutes are prepared by the Deputy City Secretary and ready for approval. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. JEconomic Development Corporation Meeting Minutes - June 11, 2015 6.11.15. df KENNEDALE Kennedale(Economic wwwityofkenn dale.a . com ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS - REGULAR MEETING MINUTES June 11, 2015 I. CALL TO ORDER President Robert Mundy called the meeting to order at 12:01 p.m. II. ROLL CALL Present: Robert Mundy, Mike Johnson, Pat Turner, Mark Yeary and Rebecca Mowell Absent: Adrienne Kay and Ron Whitley Staff Present: Bob Hart, Carolyn Marshall, Kathy Moore, and Jack Thompson with Orasi Development/Chamber of Commerce III. MINUTES APPROVAL A. Consider approval of the minutes from the May 14, 2015 regular meeting Motion: To approve the May 14, 2015 regular meeting minutes. Action: Approve, Moved By: Rebecca Mowell, Seconded By: Pat Turner. Motion Passed Unanimously IV. REGULAR ITEMS Robert Mundy stated that he had an administrative issue to address before continuing with the regular agenda. Mundy informed the group that the current meeting time was problematic for some Board members who have jobs and have to adjust their schedules every month in order to be able to attend EDC meetings. He proposed that the Board meetings be rescheduled to the evening. The Board discussed potential days/times for the change and agreed that future meetings will be held on the fourth Tuesday of the month at 7:00 pm. Robert Mundy concluded, noting that the next regularly scheduled meeting would be held on July 28, 2015 at 7:00 pm. A. Review and accept the KEDC Financial Report for April 2015 B. Review and accept the KEDC Financial Report for May 2015 Interim Finance Director Carolyn Marshall provided an overview of the April/May financial report to the Board members; she noted that the two months were combined into one report and that the financial are now up to date. Robert Mundy thanked Carolyn for highlighting the month to month changes on the financial report, noting that it was very helpful. Motion: To approve the April/May 2015 KEDC Financial Report. Action: Approve, Moved By: Mark Yeary, Seconded By Rebecca Mowell. Motion Passed Unanimously C. Action relative to the Kennedale TownCenter L.P., and Cypress Properties, and the new contract with Crampton EBT, Inc., and HPS RE, LLC Executive Director Bob Hart stated that this item was added to the agenda to bring everyone up to date on the sale of Building 5 in the Kennedale TownCenter and the transfer of management and development services. Bob Hart stated that the 45-day period for the transfer is now underway and that Liberty Capital is working with Crampton on the financing. He added that the contract documents should be complete by the end of June and that he will forward these documents to the EDC Attorney, Wayne Olson for review. Hart added that no action was required by the Board at this time; however, the Board may need to meet within the 45-day period to tie up any loose ends. Robert Mundy stated that the EDC sub-committee appointed to negotiate the purchase of Building 5 from Cypress Properties/TownCenter Properties should be disbanded. Motion: To approve the disbandment of EDC sub-committee. Action: Approve, Moved By: Pat Turner, Seconded By Mike Johnson. Motion Passed Unanimously V. STAFF ANNOUNCEMENTS/REPORTS A. Kennedale Parkway Access Bob Hart informed the group that he will meet with TxDOT again on June 22nd to discuss access issues on Kennedale Parkway. Additionally, he is talking with Oncor concerning street lighting. B. Welcome Signs Bob Hart stated construction on the welcome sign is underway and will have solar lighting. C. Sidewalk Project Bob Hart stated that he was working to resolve the sprinkler system issues on the sidewalk project; adding that the Bonding Company is now involved. D. Food Court Jack Thompson stated that this project is on hold until Craig Hughes takes over the management of TownCenter. E. TIRZ Report Bob Hart informed the EDC Board that the Tax Increment Reinvestment Zone (TIRZ) Board will meet on June 15th to start the process for the design of New Hope Road and the wastewater system. He added that there is a possibility that the County may be willing to help fund the development of New Hope Road. Additional items of information provided by Bob Hart included his meeting with TxDot on the line-of-sight issues with the landscaping along Kennedale Parkway; Bloxom Park pavement begins in July; the new Finance Director Kristal Crump will start on July 6; and the City of Kennedale was recognized in Movoto Real Estate's Top 10 Fort Worth Suburbs list. F. Chamber Report Jack Thompson provided updates on Chamber activities, highlighting the high attendance at the recent Business After Hours event. Thompson reminded Board members that this month's Chamber luncheon will be June 17th and no luncheon will be held in July. Additionally, he added that the Clay Shoot Tournament has been postponed until April 2016. No Executive Session was Held. 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 TownCenter L.P., and Cypress Properties VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED VIII. ADJOURNMENT Motion To adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Rebecca Mowell. Motion passed Unanimously The meeting was adjourned at 12:56 PM APPROVED: ATTEST: President Robert Mundy Deputy City Secretary Kathy E. Moore B. KENNEDALE KenpmentCorpoati STAFF REPORT TO THE BOARD OF DIRECTORS Development Corporation Date: July 28, 2015 Agenda Item No: PUBLIC HEARING - A. I. Subject: NOTICE OF PROJECTS AND PUBLIC HEARING KENNEDALE ECONOMIC DEVELOPMENT CORPORATION NOTICE IS HEREBY GIVEN that the Kennedale Economic Development Corporation intends to participate in "Projects," as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6, including, but not limited to, designing, acquiring, improving, and operating the following: 1. "TownCenter Project," Operations/Management/Marketing of a "mid-city" downtown district including but not limited to the commercial, medical, retail, entertainment, food truck park, farmers market, land acquisition and (New Urbanism style, typically higher density/ multi-storied) residential growth of TownCenter Kennedale and its surrounding area; 2. "Redevelopment Project," The development of new and renovation of existing commercial/residential and municipal / KEDC projects designed to enhance Kennedale's lifestyle and quality of life; 3. "TownCenter Beautification Project," The further development/beautification/landscaping/upgrading of the TownCenter Kennedale area and its adjoining Plaza; 4. "Arts Project," The planning, implementation, and operation of City Festivals and Events; 5. "Sign Project," The construction of a new Kennedale Entranceway Monument Sign at a site TBD, and/or directional signs; 6. "Parkway Project," The creation & implementation of Kennedale Parkway, Village Creek, and I-20 commercial and residential Urban Renewal / Development/Redevelopment/ Revitalization /Access and Safety Studies / Economic Incentives / Beautification plans / Kennedale Parkway Landscape / Sidewalks and actual projects derived from these plans, including Consultation, Planning, Legal, and Engineering Services; 7. "Development Project," The Creation of a Tax Increment Reinvestment Zone (TIRZ) and Municipal Management District (MMD) including Consultation, Planning, Legal, and Engineering Services; 8. "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding and attracting new Kennedale projects and businesses; 9. "Grant Project," The continuation of the existing Revitalization Grant Program and funding for facade, landscaping, and/or signage improvements; 10. "Industrial Expansion Project," Industrial expansion and recruitment program, including loans, fee waivers, incentive payments, driveway and access construction, street construction, and land leases; 11. "Industrial Recruitment Project," The recruitment of new and retention of existing Kennedale industrial businesses and development/redevelopment of industrial park(s), including but not limited to rail spurs, infrastructure, and office parks, etc.; 12. "Hotel Project," The attraction and development of a hotel, including land acquisition, site development, financing, land lease, studies, and ownership investment; 13. "Transit Project," The attraction and development of DFW Metroplex area commuter transit/ light rail / mass transportation services, including land acquisition, the development of a Kennedale rail station and related improvements; 14. "Landbank Project," The purchase / leasing /sale or other means of transfer of real estate land and properties for the accomplishment of the above designated projects; 15. "Village Creek Project," The development of Village Creek Park, including land acquisition, recreation facility development, water quality enhancement features, and related flood control and water quality studies; 16. "Oak Crest Development," The land acquisition and site development for the Oak Crest area, including utility extension, street improvements, consultation, plans, legal and engineering services; 17. "Financing Project," The issuance, purchase, sale, or other means of transfer of Bonds and other debt instruments designed to fund the above objectives including, but not limited to implementing a Tax Increment Reinvestment Zone (TIRZ) District/ Municipal Management District (MMD) /Texas Leverage Fund and mixed-use project(s) development/redevelopment; 18. "Staff Support Project," Contractual staff services; 19. "Hotel/Motel Tax Administration," Manage the administration of the collection and expenditure of the hotel/motel occupancy tax in accordance with chapter 351 of the Texas Tax Code; 20. "Administrative Project," All necessary services and related expenses for the above projects including but not limited to project master-planning; engineering; alternate energy sources; project advertising / marketing; related consultant and legal services; new construction / remodeling / maintenance of landscaping, roadways, City/ KEDC owned or leased buildings, and their related improvements. II. Originated by: Finance Director, Director of Finance & IT Bob Hart III. Summary: The Economic Development Corporation will hold a public hearing to receive input regarding the expenditure of funds for such Projects during a meeting to be held on Tuesday, July 28, 2015 at the Kennedale Municipal Building, 405 Municipal Drive, Kennedale, TX at 7:00 p.m. The above listed projects will require expenditure of funds collected from the 4B sales tax for Fiscal Year 2015-2016. If the KEDC Board of Directors recommends approval of such Projects, the City Council will act on this recommendation at a meeting scheduled on the 21th day of September 2015. Citizens are encouraged to attend the public hearing for comments or may furnish written correspondence to the City Secretary's Office, 405 Municipal Drive, Kennedale, TX 76060, prior to the hearing. Staff will be present to receive comments from the public regarding any of this information. IV. Recommendation: None V. Alternative Actions: VI. Attachments: B. KENNEDALE KenpmentCorpoati STAFF REPORT TO THE BOARD OF DIRECTORS Development Corporation Date: July 28, 2015 Agenda Item No: REGULAR ITEMS - A. I. Subject: Review and accept the KEDC Financial Report for June 2015. II. Originated by: Finance Director, Director of Finance & IT III. Summary: Finance Director, Krystal Crump will provide an overview of the June 2015 Kennedale Economic Development Corporation Financial Report. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. IJUNE 2015 FINANCIALS JEDC June 15 Financials. df JUNE 2015 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY Budget Amendment No changes. Monthly Information The financial information has been caught up as of June and reflects all the revenues and expenditures for the EDC. I have also included some balance sheet information so the Board can see where cash and fund balance are as of June. 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Z ? c c �n ace O Oo W in Z O o 0 0 o O o o O O o q o 0 0 0 0 0 0 0 0 0 0 U D 0 0 0 0 0 0 0 0 0 0 0 o p o o O o O o 0 0 0 0 0 w U O O <O eD O o O O O CD Q T W V V 4 V V V CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM DETAIL 15:EDC4B FUND FY14-15 PROPOSED 4002-00-00 MMD TAX-CURRENT YEAR BASED ON FY13/14 ASSESSED VALUE OF $2,783,693 AND TOTAL TAX 48,062 48,062 RATE OF 2.880965 PER$100(MINUS TRACT 1R FOR SURPLUS) CITY OF KENNEDALE:$0.747500 KENNEDALE ISD:$1.492068 TARRANT COUNTY:$0,264000 TARRANT HOSPITAL:$0.227897 TARRANT COLLEGE:$0.149500 4081-00-00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 3 YEARS OF HISTORY 334,791 334,791 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 4 4 4409-00-00 MISCELLANEOUS INCOME SALE OF 1121 WEST KENNEDALE PARKWAY 360,000 384,120 (APACHE/NACHO/FOX/WHEELER/HUNDE PURCHASED FY09 110)-3RD PADSITE,4TH PADSITE REMAINING SALE OF 1170 EAST KENNEDALE PARKWAY (RED'S ROADHOUSE, - BLOXOM GAVE CITY LAND FYI 0/11) SALE OF 1000 EAST KENNEDALE PARKWAY(BELL RUBBER,PURCHASED - FY10/11) SALE OF LINDALE STREET(MOORE,PURCHASED FYI 1/12) - SALE OF 621 EAST KENNEDALE PARKWAY(PRICE,PURCHASED FYI 1/12) - MONTHLY FEE FROM CHAMBER FOR SERVICES($2000 MONTH) 24,000 MONTHLY FEE FROM CHAMBER PER RENTAL AGREEMENT ($10 120 MONTH)PLUS$100 DEPOSIT 4411-00-00 TX LEVERAGE PROG REIMBURSEMENTS PRINCIPAL & INTEREST PAYMENTS RECEIVED FROM GROVER TO - REIMBURSE THE STATE EDC FOR$1.71VI LOAN 4805-00-00 RENTAL FEES-SHOPPING CENTER SUBWAY ($1400 MONTH, RELOCATION FEB 2012, LEASE EXPIRES - 126,192 09/01/13,GOES TO$1750 UPON EXPIRATION) ACE ($1400 MONTH, RELOCATION FEB 2012, LEASE EXPIRES - 03/01/2012,GOES TO$1634 UPON MOVE) CHICKEN EXPRESS ($2518 MONTH, RELOCATION JUL 2013, LEASE 25,180 EXPIRES 05/31/17,GOES TO$2618 UPON MOVE) DOLLAR GENERAL ($4719 MONTH, LEASE EXPIRES 07/31/17, 2% 56,628 MANAGEMENT FEE FOR AT RENEWA) SURPLUS WAREHOUSE ($8400 MONTH, LEASE EXPIRES 05/31/16, 2% - MANAGEMENT FEE FOR AT RENEWAL)-RENTAL TERMINATION AS OF JAN 2014 PREPAID TENANT FEES RECEIVED BUT CORRESPONDING OFFSET 44,384 OCCURS WHEN BOOKED AGAINST CAM EXPENSES(EXCLUDES RENTAL INSURANCE CAM 4806-00-00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE AGREEMENTS AND THEN USED TO 8,500 8,500 PAY TML INSURANCE(OFFSETTING EXPENSE UNDER TOWN SHOPPING CENTER TOTAL REVENUES $ 901,669 "EXEMPLIFYING EXCELLENCE" o° LO 0 O N O O M O O cOO O O O O � 00 c000 N O O O O O n V p o 0 0 0 o C7 ci CD CD CD CD Q c O CJ ri (7 N� j j o j� 10 � � � CO r, o, o 0 0 0 LL 4 o° o° o° o° o° 3° o° o° o° o° 0 0 0 0 O O - - 0 0 0 0 0 0 0 0 0 0 N O O O r n n M °Q 0 C) C7 0 O O > O O 'c7 00 0 10 0 0 ^ 0 00 V O O O � � V LL 4 r O O 0 0 ' 0 0 0 Z N P N 'o C C I } Q U en 4j). v vs yr yr yr yr W 0 0 0 O 0 0 0 0 O ' O ' 0 0 ' ch M V n t\ N H. O UO U) 0 O O LO 0 0 O 0 0 (T V 0 00 r\ Q O -- c0 N O O O LO OOpl I� 1� °O 00 10 U-) N �' N ^ 'd V N N N N 0 } N LL W W ' c0 ' N I ' Lr) ' O ' N O L ' ch %0 N Z O O LO O 00 rl ch c7' co 00 O 7 Lq N O L n t\ t\ OR Oct N V 't N ol U OD CV N O N cN } FOF � LO V' } i/> <? t/Y r VY i/T V> U> 0 0 0 O 0 0 ' 0 0 0 ' 0 ' 0 0 N W ' O O NO O N O O O M tF Z Cl) M N n P N n } W LL Q 0 0 0 O 0 0 0 0 0 ' 0 ' 0 0 ' r� r\ t\ N W 00 Lf) it) _O O O N O O � O O M V W 0 Cl) Cl) N CN P n n V) 0 W LL (x d LU �t ui U. "c� o T ' O O LO LO r� r. v v W N O co � V Lu tz W C M H cr') M N N c") of V 14 m W Z Z u} Q N N M Z YW t? N t? to of vs tti a dw Olv CD CD LO O r- 10 1 LO U) _ macc' O Z ON O n 0 N C UZ a } � C14 Cl) N 04000 ° c°) a W QW LL57- N t/Y 4Y N N VY t/Y 0 0 0 O ' 0 ' 0 0 0 ' 0 0 0 0 0 O O O LU O LO LO O O O O CD CD O^ O O V O O V) M Z J M Cl) CN O 000 V M W N N co LL Q 0 0 0 O ' 0 0 0 0 ' 0 0 0 CO CO 00 ~ O O 7 O O O O^ O c+) OMO Cl) W (, Cl) Cl) Cl) - LO CN O O aM0 CO LL Co Z U) LL J w O c„ Q J w w w Q U c U > � -' > (uC9 Q LU r" ww jNZN w � w � uw LL' Q a LL U a Q U w U w N W O O Z dLL Z Ow � cwn � U CL Zw � Q w cn M m N Z � ° QONL" OJw wOU } O W w ZO O c w Q Z C U z Q a Q a w Z a Z 0 U cn LU pQ V OZ Cu O � Q OoOcw � u' awQlc7w � > >rm++ < zU O Z of Q 5 n C9 a v) Q Q O F J Q � cn Lu LL U) m Z 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O Z 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O QO O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 O O W Q V 0 0 0 O N to 10 10 OP O rlW O w o O N (N 04 N O N LO LO LO n n r` N c0 0 O in V N N N N � LO to c0 c0 In c0 U) V) � LO UD LO Q 0 O Q c0 LO LO t0 � � LO c0 c0 LO LO Ln Ln t0 t0 if) U') Q t0 CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC413 FUND 01:ADMINISTRATION FY14-15 PROPOSED 5101-01-00 SALARIES EDC DIRECTOR POSITION OMITTED. 5107-01-00 OVERTIME EDC DIRECTOR POSITION OMITTED. 5115-01-00 RETIREMENT EDC DIRECTOR POSITION OMITTED. 5117-01-00 FICA EDC DIRECTOR POSITION OMITTED. 5118-01-00 MEDICAL INSURANCE EDC DIRECTOR POSITION OMITTED. 5120-01-00 LIFE INSURANCE EDC DIRECTOR POSITION OMITTED. 5121-01-00 DENTAL INSURANCE EDC DIRECTOR POSITION OMITTED. 5122-01-00 VISION INSURANCE EDC DIRECTOR POSITION OMITTED. 5220-01-00 UNIFORMS NEW SHIRTS FOR CONVENTIONS/MEETINGS 5240-01-00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY - 3,000 EDC COPIES/BROCHURES 3,000 CITY MARKETING FLYERS/AERIAL PHOTOS - CITY NEWSLETTER PRINTING GLOBAL SPLIT 66%EDC/34%CITY - 5260-01-00 GENERAL OFFICE SUPPLIES FILES/FOLDERS/PAPER/PENCILS (REDUCED DUE TO CONTRACTING 50 50 OUT EDC DIRECTOR POSITION 5261-01-00 POSTAGE FOR MAIL OUTS/MARKETING PACKAGES (REDUCED DUE TO 50 50 CONTRACTING OUT EDC DIRECTOR POSITION 5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K ADDITIONAL EQUIPMENT ASSOCIATED WITH - - PRESENTATIONS/MARKETING (REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION 5290-01-00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING - 9/11 MEMORIAL 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION - - 5501-01-00 ADVERTISING PROMOTIONAL ADVERTISING,LEGAL NOTICES AND BUDGET HEARING 1,200 1,200 AD $1200 5510-01-00 ASSOC DUES/PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT COMMISSION 200 4,020 DUNN&BRADSTREET/HOOVERS SUBSCRIPTION SERVICE - CITY($1875)&EDC($675)KENNEDALE CHAMBER MEMBERSHIP 2,550 DALLAS CHAMBER($870)&TX MONTHLY ECONOMIC GUIDE AD($0), 1,270 DALLAS CHAMBER MAP ADD $400 5512-01-00 CONTRACTUAL SERVICES NO LONGER USE THIS LINE.MERGED INTO SPECIAL SERVICES(5570). - - 5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS ASSOCIATIONS BY BOARD 250 250 5565-01-00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC RELATED PROJECTS 1,000 1,000 I.E. HOTEL,OTHER POTENTIAL OPPORTUNITIES 5567-01-00 AUDIT SERVICES PATILLO, BROWN &HILL SERVICES FOR INDEPENDENT ANNUAL AUDIT 2,000 2,000 (FYII/12 $1500, FY12/13 $1500, FY13/14 $2K, FY14/15 $2K, FY15/16 2250 5570-01-00 SPECIAL SERVICES TOWN CENTER CONSULTING FIRM (APPROXIMATELY $5500/MONTH 66,000 72,600 BEGINNING JUL 2014, TO INCLUDE $3500 FOR EDC SERVICES, $2000 FOR CHAMBER SERVICES) - $2000 DIRECT REVENUE OFFSET FROM CHAMBER EACH MONTH BRANDING & IMAGING (PLANNING PHASE ONLY, IMPLEMENTATION PHASE BUDGETED UNDER CITY MANAGER BUDGET) CONTRACT WITH MUNISERVICES FOR SALES TAX AUDIT SERVICES,35% CONTINGENCY IF REALLOCATIONS ARE UNCOVERED DUE TO REPORTING ERRORS (APPLIES TO FIRST 8 CONSECUTIVE REPORTING QUARTERS FOLLOWING CORRECTION,SHARED 75%CITY/%25 EDC) WEBSITE MAINTENANCE BY CONSULTANT $550/MONTH 6,600 5575-01-00 EQUIPMENT RENTAL 5578-01-00 TRAVEL TRAVEL RELATED TO OTHER EDC TRAINING/SEMINARS BY 100 100 STAFF BOARD 5580-01-00 ENGINEERING TIED TO POTENTIAL ACTIVITIES/PROJECTS I.E.,HOTEL,ETC, 1,000 1,000 5585-01-00 TELEPHONE SERVICES NO LONGER UTILIZE SERVICE(REDUCED DUE TO CONTRACTING OUT - - EDC DIRECTOR POSITION 5595-01-00 ADMIN CHARGE-GENERAL FUND CHARGE FOR SERVICES PROVIDED BY GENERAL FUND RESOURCES 90,167 90,167 (10%TOTAL REVENUES EXCLUDING INTEREST/TRANSFERS) 5610-01-00 VISUAL GRANT GRANT ASSISTANCE PROVIDED TO LOCAL BUSINESSES 5701-01-00 TRANSFER OUT-GENERAL FUND - - 5800-01-00 LAND "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC413 FUND 01:ADMINISTRATION FY14-15 PROPOSED 5813-01-00 KENNEDALE ENTRANCE SIGN 5820-01-00 BUILDING IMPROVEMENT 5875-01-00 CONSTRUCTION TOTAL EXPENDITURES $ 175,437 "EXEMPLIFYING EXCELLENCE" O O O O O O O O O p O U') o O O O> O 00 O p O O O M O OOPO CD CO 000 t) co O OO O• } 5- LL O -0 O O O -0 O O 0 7 o O O P O O CO .p O O P In M r Q 0 0 0, O P r, O, 0 0 C:5 a � } r LL 0^N 0 O O N co P U Ol d W CD 0, n LQ ' Q v L v^ 00 10 U U v<.r sn N F r- O N � P U 10 7 Q B O O � >- 10 O LO M .O LO LO M N W LO O N O P_ M S O N a^0 � � Lq N Lf) O O o co M V } O O LO - a7 'O LO 0 57- M LL N ^ z O N n n P O P W ' Iq O O a0 M v Z } W - LL M Q 1/Y i/} CO O N I� n P D` a U') W ' 1p O O CO LQ LQ M W � a 10L LO 000 � L CD h j LL W LLxQ� W h y J i 0 O O O M P P 1 La W U- 7Q � ONPow o U Q L m 00 LO COLOr, LO U) 0 X Q �O V - co 'O LO LO N W LU Lu W W 0 O N O- O, NV 7 O n P r .- L a W LL r M k U Z y T yr r sn s� u+ Q W oOO OOl ^ 00000 a cl W c0 O N r lA Cl q � U) V) M 00 M Z } W LL Q O O O r r� 00 W N H 000 O N ^ M W C2 M � M LL CO J Z cf) d LL c U C W W Z z d U ~ C w w > LU z ° C9 C9 c Q Q cn N m W W LL O] O] W W Lu V) XX X Q W I- H F- !- Z U � � W Z Q N N W W W CL Z = Z (D cn cn cn cn U) N U Qz � � � � f- ZZ Q Q U U Q °O °o 0 o W C O Z N Q W N N N N D F- H 1- 00 Z cn ~ 000000 O u — — — — a 0 m O W O 0 0 0 0 0 0 O w Q 0 U N N "T YS Iq � O O O Q LO LO LO Lb ICJ Lc) LO CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC413 FUND 01:ADMINISTRATION 03:DEBT SERVICE FY14-15 PROPOSED 5620-01-03 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS 5621-01-03 PAYING AGENT FEES FEES RELATED TO THE ACQUISITION OF NEW DEBT (BANK/BOND - ATTORNEY/FINANCIAL ADVISOR). BANK IS PAYING AGENT IN PRIVATE PLACEMENT AND GENERALLY DOES NOT CHARGE. 5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 11/01 32,839 65,678 DUE 05/01 32,839 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL DUE 05/01 50,000 50,000 5645-01-03 2011$1.7M TX LEVERAGE-INT DUE BY 1ST OF EACH MONTH BEGINS 11/01/2011 17,024 17,024 5646-01-03 2011 $13M TX LEVERAGE-PRI DUE BY 1 ST OF EACH MONTH BEGINS II/01/2011 54,171 54,171 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND DUE 11/01 INTEREST:2010$2.O1M CO BOND 36,759 153,519 DUE 05/01 INTEREST:2010$2.OM CO BOND 36,759 DUE 05/01 PRINCIPAL:2010$2.OM CO BOND 80,000 TOTAL EXPENDITURES $ 340,392 "EXEMPLIFYING EXCELLENCE" � o \e \ � \ f / ° b yk r, r, 00 LL. ~ � / a § za4 e % 0 99 % % ao ° \ ©\ G 3d \ z // „ \ � 4 ° u $ §e / \ k\ \ \ � ■ / k zaam $ - _ e LU 22 7 \ ] $ \ \ \0/ Q ® © e ® S \ 7 \ / / $ / \ 2 \ q aawK / Lk aC-4 ocmC # 2B 2 \ G2R \ m 2 \ 4 § / q wawa / E2 § \ \ CL _ _ _ e L % 2 § C / 0 > prl00 S) 2 22 0 $ \o \ m 7 § 02 q m / m ® 2 © m 0 / U- _ @ 2 U- § 3 \ 7 \ / pR $ / \ n � \ \ a// 2 \ k / \ k § ^ ~ -U). % L4 Q — \ � � 88 § \ / / / q Lq \ 2 / R zaam G U § - - \ § / / / � Lq § / 0 ® ® b % S CO LU « \ 3 \ e m e § yL © » / 2 k ® k L � \ k \ ® \ � � � - > LU S (L j � \ \ \ § k k \ / 2 \ ) d / \ 3 ) 33 0 ooc ) 2 \ \ \ \ \ 9 ooc \ \ / \ \ \ \ CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL IS:EDC413 FUND 02:TOWN SHOPPING CENTER FY14-15 PROPOSED 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K - - 5403-02-00 BUILDING MAINTENANCE WATER($350/MONTH) 4,200 23,592 FIRE SPRINKLER-CAM($150/QUARTER) 600 LANDSCAPE/MATERIALS-CAM($1166/MONTH) 13,992 MAINTENANCE-CAM $400/MONTH 4,800 5501-02-00 ADVERTISING - 5510-02-00 ASSOC DUES/PUBLICATIONS 5512-02-00 CONTRACTUAL SERVICES - - 5530-02-00 ELECTRIC SERVICES ELECTRICITY-CAM 5,000 5,000 5545-02-00 INSURANCE-PROPERTY COVERAGE THROUGH TEXAS MUNICIPAL LEAGUE (CHICKEN 8,500 8,500 EXPRESS/DOLLAR GENERAL BUILDING ON TML SCHEDULE, ALL OTHER BUILDINGS CARRIED ON CYPRESS INSURANCE 5570-02-00 SPECIAL SERVICES PROPERTY/ASSET MANAGEMENT($500 PER MONTH) 6,000 15,792 MAR 2012 - AUG 2013: SUBWAY $525, ACE $466 OR $11892 - FY12/13ANNUAL SEP 2013 - AUG 2015: SUBWAY $350, ACE $466 OR $9792 FY13/14 - 9,792 FY14/15 ANNUAL SEP 2015 - FEB 2017: SUBWAY $150, ACE $466 OR $7392 FY15/16 FY16/17 ANNUAL MAR 2017-AUG 2018:SUBWAY$150 OR$1800 FYI 7/18 ANNUAL TOTAL EXPENDITURES $ 52,884 "EXEMPLIFYING EXCELLENCE" 0 0 0 0 LO o O q O O d p O O O O } S LL O O O O M p O 0 0 O } LL W CD O CD CD d (, O O O Z O O O } Q Cl) M M U = V). ^ Q , vg r ( LL (n w i/} N i/Y Lo 7 z LL N VT N W O CD 0 CD O O p O Z O O W c+') M M } a '2 N o 0 0 W 0 O OM M M v> U Q } O U LL n. N N vs W � Z u W V w W Q W ^ r Z Z LL W Q WJ V). to wr �C O WA W O � � W U z nW LL 57- w Q W w p M Z. LL O O O C) CD Lj O O O M Om M M W m N � � F Z W d W z Q O > Z U w p M } c � oe O CL w E x z z — p U z OQ Z Z Q N U 0 =3 w LL U v Z z o o Wp O o Q LO CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC46 FUND 03:TOWN CENTER REDEVELOPMENT FY14-15 PROPOSED 5570-03-00 SPECIAL SERVICES - 5579-03-00 ARCHITECT/DESIGN SERVICES - 5580-03-00 ENGINEERING SERVICES TIED TO POTENTIAL ACTIVITIES/PROJECTS (CHICKEN EXPRESS $10K IN - FY13-14) - 5847-03-00 CONSTRUCTION RELOCATION OF ACE&SUBWAY - 30,000 CHICKEN EXPRESS BUILDING HEALTH INSPECTIONS/ASBESTOS SURVEY 5,000 CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000 CHICKEN EXPRESS PARKING LOT MODIFICATION($50K IN FYI 3-14) - POTENTIAL ACTIVITIES/PROJECTS - TOTAL EXPENDITURES $ 30,000 "EXEMPLIFYING EXCELLENCE" 0 0 0 0-1 a o 0 N \ n O O oO O W IO d' p O O NV O N } LL O a O O 7 o O O O 0 0 I� O� O O > O p0 O O O W O O O O O O d 2 N X2 Z U = U sir sq sn sq v � � N LL w K/r N N N r Z LL N N N N N O O O LU 7 p O O O a Z LO N W W i? tn' N N Q CD CD p O O O N W O Cl O LO yV Q va-0 - - w LL� z y y Q O W 'V a N O ' O k W C M N N N N W W Cl) Z Lu zc� z LLa yr ..t sn pa � W mm rl r,te U a �. z C� cl O O O_ W UZ W M to N N N W Z 4 } p Q W LL' sir sir sir srr 0 O O O p O O O M Z c+� M M w } LL O O O w O O O M 0 O2 N N LL m N t/r N s/r N W U w w Im 0 z z i c U w D W} H Ur O z o U) r- Q U (DZ m Z OQ z w Q w � g U U W LL J !n ~ CD Q CD O Z O O U p o 0 0 LU'— U °m °O r, C) Q LO co co CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC46 FUND 04:TEXAS LEVERAGE PROGRAM FY14-15 PROPOSED 558-04-00 ENGINEERING SERVICES 5615-04-00 FUNCTIONAL GRANT 5620-04-00 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS - - 5800-00-00 LAND HOTEL/QT PROPERTY 150,000 150,000 5847-04-00 CONSTRUCTION CMAQ/RTR GRANT MATCH - OAK CREST DEVELOPMENT&EAST CORNER INCENTIVES TOTAL EXPENDITURES $ 150,000 I "EXEMPLIFYING EXCELLENCE" U � & & a syy@ cocq goon § / \ d � o dda U � / e e y & & @ g - oo0, o \ off dace } y � � § \ . q U § ol / / § „ / k �CD ol \ ' § k m \% � ¥ � cn _ m - - < � < U') 4 ol 7 \ k G z G � � % % K _ _ LO S $ Eck � � 77 o § / \ \ 2 @ \ q ® - - � k _ 4 co Q9 CD C3 „ o0 C 4 . Q 7 R 2 § Cl) ^ ^ \ S \ / g @ % W § O 04 S \ % ¥ ^ � p § § § § 3 2 m - - ® - - - w $ / \ y , , p m < . & $ § q § \ } ƒ $ 2 \ } a ~ ~ C14 § E \ Q ® _ _ e _ _ _ \ \ § \ f @ m „ y � , � ¢ z § 7 2 Q � j % R & G- � / \ � / . CN § 2 q \ Cq � ¥ � k < _ _ _ m _ U') . . 5 8 7 G \ . 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N UJ VY Lo W N N C14 N M o Q N O• O� Z O M Q N 10 10 C, Q 10 N LO Wp r P Z 10 M 'V Z O, cv r. LcU r LL G Q V} VT N U? V} v? VY W J- LO p O, `O`O - co Z O N U +G C9 — fn O' O� O M z W 40 y d r J J O U W LL ° U 0 m CL .ir Vr yr Ur Vr u> W W Q > O z (ck:, -j p U (T Ol N `O Q O Z Y O c = p, Ol Z 10 M W y Z M F C' O` r ^ J � = o LL Q .o ,n !++ U Q Z a oo co °° Z 0 M CV 1-z V> N V} U} V> U) V} LU 0 LO LO LO LO O Ol Z O M p O O� CV r� M Z W V} V) V} U} {/T UJ Vt L "D Q 10 LO 1 O LU O• O� Z M p Ol L}L m F- C/) Z LU W W J J U w c Lu LL Q cn �Z W O (]� o Z U O m z w X Q ° C ti LU >p Z W v> .o La Z Q W F- w m W J z z >O z z z N co (9 Z � a CL � U- � cn LU Z ~ J C> J Z LU LU — > � Z > Q � Z U) h O• U � Q 12,m z LO 0 0 0 0 LO 0 0 ,_ u — o O 7 O O L r Q 5 O U) V Q O O LL LL ' LL O D O O O O o ") M O M 7 a O O ch Q 00 N p N c Q O O LL LL } n n a � M M 0 U U r/r yr U U t/r W 10 1p 7 0 W �n Q Q v � vg LL W U> L} .V} LL W .U> L} Lo W 0 CO ' CO W Z L() Z � a M LL i/} i/Y N LL N > LO LO W W Q 70 c! Z Z LLG LL G W N N a h 0 s , O LL EX W = d LL W > us N z v �? W p z U z ^ _ z W ZLL Q N N s/> O y W f = W Z^ O V w Q LL W 0 LO Lo N d W Q Q M Z c7 Z W � W LL U- N N N w LO LO U) v w � 0 ^ O LL m LL CO 4A. Lu H c > Z cc LU L LU O Q W G LU 1- Q Z W U D Q Q Q Z ~ ~ W W Q Z W Z cW LU W Z La X LL M G G J W O � J LU> 0 > > 1a- m V Q �-- W Q z Z O w a m m CD ca Z O Z O 0 0 U :3 W 0 O Q 0 ui a Q d� P Q CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM DETAIL 95:EDC413 RESERVE FUND FY14-15 PROPOSED 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 16 16 4915-00-00 TRANSFER IN-EDCB PER BOND COVENANTS, WE ARE REQUIRED TO ESTABLISH THIS FUND AND DEPOSIT INTO IT A SPECIFIC AMOUNT OF RESERVES. THESE RESERVES ARE TO BE USED SOLELY FOR THE PURPOSE OF RETIRING THE LAST OF ANY PARITY BONDS AS THEY BECOME DUE OR PAYING OFF ANY PRINCIPAL/INTEREST WHENDEBT SERVICE FUNDS ARE TOTALREVENUES $ 16 FY 14-15 PROPOSED 5715-00-00 TRANSFER OUT-EDCB FUND TOTAL EXPENDITURES $ "EXEMPLIFYING EXCELLENCE" w J Q a I-- U a J l� O N VZ Xj X }Q Q y � � O = M D N 1 C (D G I— m W ^ �� U- 75 7 z J � H E U 0 M 0 LU N Q LU O N p c > O F- U O CD O O O O O O O C 0 0 0 0 C 0 LO o LO o LO o LO �t c7 (Y) N N cn cn v> v> rn <n v> w cn Q J � J Q U N Q O � N o N N O Q Q= C L CQ V4 ^} c W C m Q LU 0. U- 0 U U N Q � Q � � o u N O � U O w V 0 W O U O LO o L o L o LO �t �Y (Y) (Y) N N v> cn rr> vs r/> crr to B. KENNEDALE KenpmentCorpoati STAFF REPORT TO THE BOARD OF DIRECTORS Development Corporation Date: July 28, 2015 Agenda Item No: REGULAR ITEMS - B. I. Subject: Discuss and approve FY2015-16 Proposed Budget for recommendation to City Council. II. Originated by: Finance Director, Director of Finance & IT III. Summary: On July 28, 2015, the Kennedale Economic Development Board held a public hearing to receive input regarding the expenditure of funds for KEDC Projects, which will require expenditure of funds collected from the 4B sales tax for Fiscal Year 2015/16. No comments were received by staff. In order for the Council to approve and adopt the City's FY2015/16 Budget (KEDC budget/projects included) and tax rate, at their regular meeting scheduled on September 21, 2015, the KEDC must make a recommendation to Council given its review of the aforementioned items. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. 2015-2016 PROPOSED BUDGET IEDC Preliminary 2015 16 Bud et. df CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15:EDC413 FUND FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY INCOME STATEMENT ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE OPERATING REVENUES 1,536,013 901,665 901,665 389,134 618,754 911,956 10,291 OPERATING EXPENDITURES (599,078) (595,194) (595,194) (358,051) (534,097) (533,324) 61,870 OPERATING INCOME/(LOSS) 936,935 306,471 306,471 31,083 84,657 378,633 72,162 NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 4 4 4 45 50 40 36 TRANSFERS IN - - - - - - - (TRANSFER OUT) (155,119) (153,519) (153,519) (153,519) (153,519) (153,519) 0 NET OPERATING INCOME/(LOSS) 781,820 152,956 152,956 (122,391) (68,812) 225,154 72,198 BEGINNING FUND BALANCE $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 $ 157,927 (68,812) ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $ 226,740 $ 379,696 $ 379,696 $ 104,349 $ 157,927 $ 383,081 3,385 95;EDC413 RESERVE FUND $ 119,922 $ 119,938 $ 119,938 $ 119,933 $ 119,952 $ 119,977 39 19:EDC4B CAPITAL BOND FUND $ 29,429 $ 4,449 $ 4,449 $ 29,437 $ 29,441 $ 4,456 7 ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ 376,091 $ 504,083 $ 504,083 $ 253,719 $ 307,320 $ 507,514 $ 3,431 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 15:EDC413 FUND FY13-14 FY14-15 FYI 4-15 FY14-15 FY14-15 FY15-16 CY- PY CATEGORY ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE BEGINNING FUND BALANCE $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 $ 157,927 $ 323,848 AD VALOREM TAXES 52,329 48,062 48,062 37,681 48,062 48,062 0 SALES/BEVERAGE TAXES 325,630 334,791 334,791 222,745 387,000 350,000 15,209 INVESTMENT EARNINGS 12 4 4 45 50 40 36 MISCELLANEOUS INCOME 1,008,096 384,120 384,120 41,722 49,000 384,120 - SURPLUS SALES/RENTALS 149,950 134,692 134,692 86,986 134,692 129,774 (4,918) TRANSFERS $ - $ - $ - $ - $ - $ - $ - TOTAL REVENUES $ 1,536,017 $ 901,669 $ 901,669 $ 389,179 $ 618,804 $ 911,996 $ 10,327 PERSONNEL - - - - - - - SUPPLIES - 3,100 3,100 4,505 5,100 3,100 - MAINTENANCE 26,036 23,592 23,592 23,233 26,000 23,592 - SUNDRY 345,864 201,629 201,629 135,914 186,517 210,258 8,629 DEBT 167,937 186,873 186,873 173,512 195,593 166,374 (20,499) TRANSFERS 155,119 153,519 153,519 153,519 153,519 153,519 (0) CAPITAL 59,241 180,000 180,000 20,887 120,887 130,000 (50,000) TOTAL EXPENDITURES $ 754,197 $ 748,713 $ 748,713 $ 511,570 $ 687,616 $ 686,842 $ (61,871) REVENUES OVER EXPENDITURES $ 781,820 $ 152,956 $ 152,956 $ (122,391) $ (68,812) $ 225,154 ENDING FUND BALANCE $ 226,740 $ 379,696 $ 379,696 $ 104,349 $ 157,927 $ 383,081 ADJUSTMENTS FUND BALANCE AS%OF EXP 30.1% 50.7% 50.7% 20.4% 23.0% 55.8% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 226,740 $ 379,696 $ 379,696 $ 104,349 $ 157,927 $ 383,081 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY 15:EDC413 FUND FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE 4001-00-00 PROPERTY TAX-CURRENT YEAR - - - - - - 4002-00-00 MMD TAX-CURRENT YEAR 52,329 48,062 48,062 37,681 48,062 48,062 0 AD VALOREM TAXES $ 52,329 $ 48,062 $ 48,062 $ 37,681 $ 48,062 $ 48,062 $ 0 4081-00-00 SALES TAX 325,630 334,791 334,791 222,745 387,000 350,000 15,209 4082-00-00 MIXED BEVERAGE TAX - - - - - - - SALES/BEVERAGE TAXES $ 325,630 $ 334,791 $ 334,791 $222,745 $ 387,000 $ 350,000 $ 15,209 4401-00-00 INVESTMENT INCOME 12 4 4 45 50 40 36 INVESTMENT EARNINGS $ 12 $ 4 $ 4 $ 45 $ 50 $ 40 $ 36 4409-00-00 MISCELLANEOUS INCOME 989,468 384,120 384,120 41,722 49,000 384,120 - 4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - 4415-00-00 INSURANCE REIMBURSEMENTS 18,628 - - - - - MISCELLANEOUS INCOME $1,008,096 $ 384,120 $ 384,120 $ 41,722 $ 49,000 $ 384,120 $ 4805-00-00 RENTAL FEES-SHOPPING CENTER 145,091 126,192 126,192 86,767 126,192 121,274 (4,918) 4806-00-00 RENTAL INSURANCE 4,859 8,500 8,500 219 8,500 8,500 SURPLUS SALES/RENTALS $ 149,950 $ 134,692 $ 134,692 $ 86,986 $ 134,692 $ 129,774 $ (4,918) 4902-00-00 PROCEEDS-DEBT/LOAN/LEASE - - - - - - TRANSFERS $ - $ - $ - $ - $ - $ - $ - TOTAL REVENUES $1,536,017 $ 901,669 $ 901,669 $389,179 $ 618,804 $ 911,996 $ 10,327 TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $1,517,377 $ 901,665 $ 901,665 $389,134 $ 618,754 $ 911,956 $ 10,291 10%ADMIN CHARGE-GENERAL FUND 151,738 90,167 90,167 38,913 61,875 91,196 1,029 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM DETAIL 15:EDC413 FUND FY15-16 PROPOSED 4002-00-00 MMD TAX-CURRENT YEAR BASED ON FY13/14 ASSESSED VALUE OF $2,783,693 AND TOTAL TAX 48,062 48,062 RATE OF 2,880965 PER$100(MINUS TRACT 1 R FOR SURPLUS) CITY OF KENNEDALE:$0.747500 KENNEDALE ISD:$1.492068 TARRANT COUNTY:$0.264000 TARRANT HOSPITAL:$0.227897 TARRANT COLLEGE:$0.149500 4081-00-00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 3 YEARS OF HISTORY 350,000 350,000 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 4 4 4409-00-00 MISCELLANEOUS INCOME SALE OF 1121 WEST KENNEDALE PARKWAY 360,000 384,120 (APACHE/NACHO/FOX/WHEELER/HUNDE PURCHASED FY09/10)-3RD PADSITE,4TH PADSITE REMAINING MONTHLY FEE FROM CHAMBER FOR SERVICES($2000 MONTH) 24,000 MONTHLY FEE FROM CHAMBER PER RENTAL AGREEMENT ($10 120 MONTH)PLUS$100 DEPOSIT 4411-00-00 TX LEVERAGE FROG REIMBURSEMENTS PRINCIPAL & INTEREST PAYMENTS RECEIVED FROM GROVER TO - REIMBURSE THE STATE EDC FOR$1.7M LOAN 4805-00-00 RENTAL FEES-SHOPPING CENTER CHICKEN EXPRESS ($2518 MONTH, RELOCATION JUL 2013, LEASE 22,662 121,274 EXPIRES 05/31/17,GOES TO$0 UPON MOVE) DOLLAR GENERAL ($4719 MONTH, LEASE EXPIRES 07/31/17, 2% 56,628 MANAGEMENT FEE FOR AT RENEWA) BUILDING ONE VACANT($8400 MONTH, LEASE EXPIRES 05/31/16, 2% - MANAGEMENT FEE FOR AT RENEWAL)-RENTAL TERMINATION AS OF JAN 2014 PREPAID TENANT FEES RECEIVED BUT CORRESPONDING OFFSET 41,984 OCCURS WHEN BOOKED AGAINST CAM EXPENSES(EXCLUDES RENTAL INSURANCE CAM 4806-00-00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE AGREEMENTS AND THEN USED TO 8,500 81500 PAY TML INSURANCE(OFFSETTING EXPENSE UNDER TOWN SHOPPING CENTER TOTAL REVENUES $ 911,960 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4B FUND 01:ADMINISTRATION FYI 2-13 FYI 3-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE PERSONNEL $ - $ $ - $ - $ " $ - $ - $ 5240-01-00 PRINTED SUPPLIES 11,259 3,000 3,000 4,505 5,000 3,000 5260-01-00 GENERAL OFFICE SUPPLIES - 50 50 - 50 50 5261-01-00 POSTAGE 50 50 50 50 5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - 5290-01-00 EXPENDABLE SUPPLIES - - - - - SUPPLIES $ 11,259 $ $ 3,100 $ 3,100 $ 4,505 $ 5,100 $ 3,100 $ 5403-01-00 BUILDING MAINTENANCE - - - - - - 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT MAINTENANCE $ - $ $ $ - $ $ - $ - $ 5501-01-00 ADVERTISING 6,604 3,616 1,200 1,200 600 1,200 5510-01-00 ASSOC DUES/PUBLICATIONS 10,985 3,614 4,020 4,020 4,655 4,800 4,020 5512-01-00 CONTRACTUAL SERVICES - - - - - - - 5525-01-00 TRAINING/SEMINARS 270 - 250 250 250 250 5565-01-00 LEGAL SERVICES 100 250 1,000 1,000 - 4,000 1,000 5567-01-00 AUDIT SERVICES 1,500 2,000 2,000 2,000 2,000 2,000 2,000 5569-01-00 IT SUPPORT - - - - - 5570-01-00 SPECIAL SERVICES 74,304 56,485 72,600 72,600 59,582 72,600 72,600 5575-01-00 EQUIPMENT RENTAL - - - - - - - 5578-01-00 TRAVEL 186 - 100 100 70 100 100 5580-01-00 ENGINEERING SERVICES 18,999 12,855 1,000 1,000 9,135 11,000 1,000 5585-01-00 TELEPHONE SERVICES - - - - - - 5595-01-00 ADMIN CHARGE-GENERAL FUND - 213,607 90,167 90,167 38,713 61,875 91,196 1,029 SUNDRY $112,948 $ 292,427 $ 172,337 $ 172,337 $114,155 $ 157,225 $ 173,366 $ 1,029 5610-01-00 VISUAL GRANT 6,000 - - - - - - - 5615-01-00 FUNCTIONAL GRANT - 12,744 30,744 - 5625-01-00 ISSUANCE COST - - - - DEBT $ 6,000 $ $ $ - $ 12,744 $ 30,744 $ - $ 5701-01-00 TRANSFER OUT-GENERAL FUND - - - 5714-01-00 TRANSFER OUT-DEDICATION FUND - 5795-01-00 TRANSFER OUT-EDC RESERVE FUND TRANSFERS $ - $ - $ $ $ - $ - $ $ 5800-01-00 LAND 1,662 47,184 20,887 20,887 5813-01-00 KENNEDALE ENTRANCE SIGN - - - - 5820-01-00 BUILDING IMPROVEMENT - 5875-01-00 CONSTRUCTION - - - - CAPITAL $ 1,662 $ 47,184 $ - $ - $ 20,887 $ 20,887 $ - $ - TOTAL EXPENDITURES $131,869 $ 339,611 $ 175,437 $ 175,437 $152,291 $ 213,956 $ 176,466 $ 1,029 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC413 FUND 01:ADMINISTRATION FY15-16 PROPOSED 5240-01-00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY 3,000 EDC COPIES/BROCHURES 3,000 CITY MARKETING FLYERS/AERIAL PHOTOS - 5260-01-00 GENERAL OFFICE SUPPLIES FILES/FOLDERS/PAPER/PENCILS (REDUCED DUE TO CONTRACTING 50 50 OUT EDC DIRECTOR POSITION 5261-01-00 POSTAGE FOR MAIL OUTS/MARKETING PACKAGES (REDUCED DUE TO 50 50 CONTRACTING OUT EDC DIRECTOR POSITION 5280-01-00 MINOR EQUIP/SMALLTOOLS45K ADDITIONAL EQUIPMENT ASSOCIATED WITH - - PRESENTATIONS/MARKETING (REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION 5290-01-00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING 9/11 MEMORIAL 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - 5501-01-00 ADVERTISING PROMOTIONAL ADVERTISING,LEGAL NOTICES AND BUDGET HEARING 1,200 1,200 AD $1200 5510-01-00 ASSOC DUES/PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT COMMISSION 200 4,020 CITY($1875)&EDC($675)KENNEDALE CHAMBER MEMBERSHIP 2,550 DALLAS CHAMBER($870)&TX MONTHLY ECONOMIC GUIDE AD($0), 1,270 DALLAS CHAMBER MAP ADD 400 5512-01-00 CONTRACTUAL SERVICES NO LONGER USE THIS LINE.MERGED INTO SPECIAL SERVICES(5570). - - 5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS ASSOCIATIONS BY BOARD 250 250 5565-01-00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC RELATED PROJECTS 1,000 1,000 I.E. HOTEL,OTHER POTENTIAL OPPORTUNITIES 5567-01-00 AUDIT SERVICES PATILLO, BROWN & HILL SERVICES FOR INDEPENDENT ANNUAL AUDIT 2,000 2,000 (FYII/12 $1500, FY12/13 $1500, FY13/14 $2K, FY14/15 $2K, FY15/16 2250 5570-01-00 SPECIAL SERVICES TOWN CENTER CONSULTING FIRM (APPROXIMATELY $5500/MONTH 66,000 72,600 BEGINNING JUL 2014, TO INCLUDE $3500 FOR EDC SERVICES, $2000 FOR CHAMBER SERVICES) - $2000 DIRECT REVENUE OFFSET FROM CHAMBER EACH MONTH CONTRACT WITH MUNISERVICES FOR SALES TAX AUDIT SERVICES,35% - CONTINGENCY IF REALLOCATIONS ARE UNCOVERED DUE TO REPORTING ERRORS (APPLIES TO FIRST 8 CONSECUTIVE REPORTING QUARTERS FOLLOWING CORRECTION,SHARED 75%CITY/%25 EDC) WEBSITE MAINTENANCE BY CONSULTANT $550/MONTH 6,600 5575-01-00 EQUIPMENT RENTAL - 5578-01-00 TRAVEL TRAVEL RELATED TO OTHER EDC TRAINING/SEMINARS BY 100 100 STAFF BOARD 5580-01-00 ENGINEERING TIED TO POTENTIAL ACTIVITIES/PROJECTS(I.E,,HOTEL,ETC. 1,000 1,000 5585-01-00 TELEPHONE SERVICES NO LONGER UTILIZE SERVICE(REDUCED DUE TO CONTRACTING OUT - - EDC DIRECTOR POSITION 5595-01-00 ADMIN CHARGE-GENERAL FUND CHARGE FOR SERVICES PROVIDED BY GENERAL FUND RESOURCES 91,196 91,196 (10%TOTAL REVENUES EXCLUDING INTEREST/TRANSFERS) 5615-01-00 FUNCTIONAL GRANT - 5701-01-00 TRANSFER OUT-GENERAL FUND 5800-01-00 LAND 5813-01-00 KENNEDALE ENTRANCE SIGN 5820-01-00 BUILDING IMPROVEMENT - 5875-01-00 CONSTRUCTION TOTAL EXPENDITURES $ 176,466 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND O1:ADMINISTRATION 03:DEBT SERVICE FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE 5620-01-03 ISSUANCE COSTS - - - - - 5621-01-03 PAYING AGENT FEES - - - - - - - 5643-01-03 2007$1.2M TAX BOND-INTEREST 68,766 65,678 65,678 65,625 65,678 62,203 (3,475) 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL 45,000 50,000 50,000 50,000 45,000 50,000 - 5645-01-03 2011 $1.7M TX LEVERAGE-INT 18,210 17,024 17,024 14,271 17,024 15,798 (1,226) 5646-01-03 2011 $1.7M TX LEVERAGE-PRI 35,961 54,171 54,171 30,872 37,147 38,373 (15,798) DEBT $ 167,937 $ 186,873 $ 186,873 $ 160,768 $ 164,849 $ 166,374 $ (20,499) 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 155,119 153,519 153,519 153,519 153,519 153,519 (0) TRANSFER $ 155,119 $ 153,519 $ 153,519 $153,519 $ 153,519 $ 153,519 $ (0) TOTAL EXPENDITURES $ 323,056 $ 340,392 $ 340,392 $314,287 $ 318,368 $ 319,893 $ (20,499) "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC4B FUND O1:ADMINISTRATION 03:DEBT SERVICE FY15-16 PROPOSED 5620-01-03 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS 5621-01-03 PAYING AGENT FEES FEES RELATED TO THE ACQUISITION OF NEW DEBT (BANK/BOND ATTORNEY/FINANCIAL ADVISOR).BANK IS PAYING AGENT IN PRIVATE PLACEMENT AND GENERALLY DOES NOT CHARGE. 5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 11/01 31,102 62,203 DUE 05/01 31,102 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL DUE 05/01 50,000 50,000 5645-01-03 2011 $1.7M TX LEVERAGE-INT DUE BY 1ST OF EACH MONTH BEGINS 11/01/2011 15,798 15,798 5646-01-03 2011 $1.7M TX LEVERAGE-PRI DUE BY 1ST OF EACH MONTH BEGINS 11/01/2011 38,373 38,373 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND DUE 11/01 INTEREST:2010$2.OM CO BOND 36,759 153,519 DUE 05/01 INTEREST:2010$2.OM CO BOND 36,759 DUE 05/01 PRINCIPAL:2010$2.OM CO BOND 80,000 TOTAL EXPENDITURES $ 319,893 "EXEMPLIFYING EXCELLENCE" CITY OFKENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 02:TOWN SHOPPING CENTER FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K - - - SUPPLIES $ - $ - $ - $ - $ - $ - $ - 5403-02-00 BUILDING MAINTENANCE 26,036 23,592 23,592 23,233 26,000 23,592 - MAINTENANCE $ 26,036 $ 23,592 $ 23,592 $ 23,233 $ 26,000 $ 23,592 $ - 5501-02-00 ADVERTISING - - - - - - - 5510-02-00 ASSOC DUES/PUBLICATIONS - - - - - 5512-02-00 CONTRACTUAL SERVICES - - - - - - - 5530-02-00 ELECTRIC SERVICES 4,439 5,000 5,000 3,568 5,000 5,000 5545-02-00 INSURANCE-PROPERTY 10,075 8,500 8,500 6,347 8,500 8,500 5565-02-00 LEGAL SERVICES - - - - - - 5570-02-00 SPECIAL SERVICES 16,371 15,792 15,792 11,844 15,792 13,392 (2,400) SUNDRY $ 30,885 $ 29,292 $ 29,292 $ 21,759 $ 29,292 $ 26,892 $ (2,400) TOTAL EXPENDITURES $ 56,921 $ 52,884 $ 52,884 $ 44,992 $ 55,292 $ 50,484 $ (2,400) "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC413 FUND 02:TOWN SHOPPING CENTER FY15-16 PROPOSED 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K 5403-02-00 BUILDING MAINTENANCE WATER($350/MONTH) 4,200 23,592 FIRE SPRINKLER-CAM($150/QUARTER) 600 LANDSCAPE/MATERIALS-CAM($1166/MONTH) 13,992 MAINTENANCE-CAM $400/MONTH 4,800 5501-02-00 ADVERTISING 5510-02-00 ASSOC DUES/PUBLICATIONS 5512-02-00 CONTRACTUAL SERVICES - 5530-02-00 ELECTRIC SERVICES ELECTRICITY-CAM 5,000 5,000 5545-02-00 INSURANCE-PROPERTY COVERAGE THROUGH TEXAS MUNICIPAL LEAGUE (CHICKEN 8,500 8,500 EXPRESS/DOLLAR GENERAL BUILDING ON TML SCHEDULE, ALL OTHER BUILDINGS CARRIED ON CYPRESS INSURANCE 5570-02-00 SPECIAL SERVICES PROPERTY/ASSET MANAGEMENT($500 PER MONTH) 6,000 13,392 SEP 2015 - FEB 2017: SUBWAY $150, ACE $466 OR $7392 FY15/16 - 7,392 FYI 6/17 ANNUAL MAR 2017-AUG 2018:SUBWAY$150 OR$1800 FY17/18 ANNUAL TOTAL EXPENDITURES $ 50,484 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4B FUND 03:TOWN CENTER REDEVELOPMENT FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE 5570-03-00 SPECIAL SERVICES - 5579-03-00 ARCHITECT/DESIGN SERVICES - - - 5580-03-00 ENGINEERING SERVICES - 10,000 10,000 SUNDRY $ $ - $ $ $ - $ 10,000 $ 10,000 5800-03-00 LAND - - - - - 5847-03-00 CONSTRUCTION - 30,000 30,000 - - 80,000 50,000 CAPITAL $ $ 30,000 $ 30,000 $ $ $ 80,000 $ 50,000 $ $ 30,000 $ 30,000 $ $ - $ 90,000 $ 60,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC413 FUND 03:TOWN CENTER REDEVELOPMENT FY15-16 PROPOSED 5570-03-00 SPECIAL SERVICES 5579-03-00 ARCHITECT/DESIGN SERVICES - 5580-03-00 ENGINEERING SERVICES PARKING LOT MODIFICATION 10,000 10,000 5847-03-00 CONSTRUCTION CHICKEN EXPRESS BUILDING HEALTH INSPECTIONS/ASBESTOS SURVEY 5,000 80,000 CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000 CHICKEN EXPRESS PARKING LOT MODIFICATION 50,000 POTENTIAL ACTIVITIES/PROJECTS - TOTAL EXPENDITURES $ 90,000 EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 04:TEXAS LEVERAGE PROGRAM FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD JUNE ESTIMATE PROPOSED CHANGE 5580-04-00 ENGINEERING SERVICES 22,552 - SUNDRY $ 22,552 $ $ $ $ $ $ 5615-04-00 FUNCTIONAL GRANT - - 5620-04-00 ISSUANCE COSTS - - - - DEBT $ - $ $ $ $ $ $ 5800-04-00 LAND 12,057 150,000 150,000 100,000 50,000 (100,000) 5847-04-00 CONSTRUCTION - - - - - CAPITAL $ 12,057 $ 150,000 $ 150,000 $ $ 100,000 $ 50,000 $ (100,000) $ 34,609 $ 150,000 $ 150,000 $ $ 100,000 $ 50,000 $ (100,000) "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM DETAIL 15:EDC48 FUND 04:TEXAS LEVERAGE PROGRAM FY15-16 PROPOSED 558-04-00 ENGINEERING SERVICES - 5615-04-00 FUNCTIONAL GRANT 5620-04-00 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS - - 6800-00-00 LAND HOTEL/QT PROPERTY 50,000 50,000 5847-04-00 CONSTRUCTION CMAQ/RTR GRANT MATCH OAK CREST DEVELOPMENT&EAST CORNER INCENTIVES - TOTAL EXPENDITURES $ 50,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 19:EDC413 CAPITAL BOND FUND FY 13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY- PY CATEGORY ACTUAL BUDGET AMENDED YTD MAY ESTIMATE PROPOSED CHANGE BEGINNING FUND BALANCE $ 29,411 $ 29,429 $ 29,429 $ 29,429 $ 29,429 $ 29,441 INVESTMENT EARNINGS 18 20 20 8 12 15 (5) TRANSFERS - - - - - - - TOTAL REVENUES $ 18 $ 20 $ 20 $ 8 $ 12 $ 15 $ (5) MAINTENANCE - - - - - - - SUNDRY - - - - - - CAPITAL - 25,000 25,000 - - 25,000 - TOTAL EXPENDITURES $ - $ 25,000 $ 25,000 $ - $ - $ 25,000 $ - REVENUES OVER EXPENDITURES $ 18 $ (24,980) $ (24,980) $ 8 $ 12 $ (24,985) ENDING FUND BALANCE $ 29,429 $ 4,449 $ 4,449 $ 29,437 $ 29,441 $ 4,456 ADJUSTMENTS FUND BALANCE AS%OF EXP N/A 17.8% 17.8% N/A N/A 17.8% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 29,429 $ 4,449 $ 4,449 $ 29,437 $ 29,441 $ 4,456 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY 19:EDC413 CAPITAL BOND FUND FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-16 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD MAY ESTIMATE PROPOSED CHANGE 4401-00-00 INVESTMENT INCOME 18 20 20 8 12 15 (5) INVESTMENT EARNINGS $ 18 $ 20 $ 20 $ 8 $ 12 $ 15 $ (5) 4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - TRANSFERS $ - $ - $ - $ - $ - $ - $ - TOTAL REVENUES $ 18 $ 20 $ 20 $ 8 $ 12 $ 15 $ (250) 19:EDC413 CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 FY15-I6 CY-PY ACCOUNT ACCOUNT NAME ACTUAL BUDGET AMENDED YTD MAY ESTIMATE PROPOSED CHANGE 5403-01-00 BUILDING MAINTENANCE - - - - MAINTENANCE $ $ - $ $ $ - $ - $ 5525-01-00 TRAINING/SEMINARS - - - - 5570-01-00 SPECIAL SERVICES - - - - 5579-01-00 ARCHITECT/DESIGN SERVICES - - - 5580-01-00 ENGINEERING SERVICES - - - - SUNDRY $ $ - $ $ - $ - $ - $ 5800-01-00 LAND - - - 5847-01-00 CONSTRUCTION - 25,000 25,000 - - 25,000 CAPITAL $ $ 25,000 $ 25,000 $ - $ - $ 25,000 $ - TOTAL EXPENDITURES $ $ 25,000 $ 25,000 $ $ $ 25,000 $ - "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM DETAIL 19:EDC413 CAPITAL BOND FUND FYI 5-16 PROPOSED 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 15 15 TOTAL REVENUES $ 15 19:EDC413 CAPITAL BOND FUND O1:TOWN CENTER REDEVELOPMENT FY14-15 PROPOSED 5403-01-00 BUILDING MAINTENANCE - 5570-01-00 SPECIAL SERVICES 5579-01-00 ARCHITECT/DESIGN SERVICES - 5580-01-00 ENGINEERING SERVICES - 5800-01-00 LAND - - 5847-01-00 CONSTRUCTION WATER TANK IN TOWNCENTER 25,000 25,000 TOTAL EXPENDITURES $ 25,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 95: EDC413 RESERVE FUND FY13-14 FY 14-15 FY14-15 FY 14-15 FY14-15 FY15-16 CY- PY CATEGORY ACTUAL BUDGET AMENDED YTD MAY ESTIMATE PROPOSED CHANGE BEGINNING FUND BALANCE $ 119,903 $ 119,922 $ 119,922 $ 119,922 $ 119,922 $ 119,952 INVESTMENT EARNINGS 19 16 16 12 30 25 9 TRANSFERS - - - - - - - TOTAL REVENUES $ 19 $ 16 $ 16 $ 12 $ 30 $ 25 $ 9 TRANSFERS - - - - - - - TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ - $ REVENUES OVER EXPENDITURES $ 19 $ 16 $ 16 $ 12 $ 30 $ 25 ENDING FUND BALANCE $ 119,922 $ 119,938 $ 119,938 $ 119,933 $ 119,952 $ 119,977 ADJUSTMENTS - - - - FUND BALANCE AS%OF EXP N/A N/A N/A N/A N/A N/A RESERVE($112,606 REQUIREMENT) $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 RESERVE SURPLUS/(SHORTFALL) $ 7,316 $ 7,332 $ 7,332 $ 7,327 $ 7,346 $ 7,371 "EXEMPLIFYING EXCELLENCE" B. KENNEDALE KenpmentCorpoati STAFF REPORT TO THE BOARD OF DIRECTORS Development Corporation Date: July 28, 2015 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: Kennedale Parkway Access B. Village Creek C. Sidewalk Project D. TownCenter E. TI RZ Report F. Chamber Report II. Originated by: Bob Hart III. Summary: The Director will provide an update on these items. • Kennedale Parkway Access • Village Creek • Sidewalk Project • TownCenter • TIRZ Report • Chamber Report IV. Recommendation: V. Alternative Actions: VI. Attachments: B. KENNEDALE KenpmentCorpoati STAFF REPORT TO THE BOARD OF DIRECTORS Development Corporation Date: July 28, 2015 Agenda Item No: EXECUTIVE SESSION - A. I. 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. Industrial Prospects for Bloxom Park 2. 1298 W. Kennedale Parkway Business Incentives 3. 5913 Kennedale Road 4. 5409 Kennedale Road 5. 580 Corry A. Edwards Drive II. Originated by: Bob Hart III. Summary: These items will be discussed during the Executive Session. 1. Industrial Prospects for Bloxom Park 2. 1298 W. Kennedale Parkway Business Incentives 3. 5913 Kennedale Road 4. 5409 Kennedale Road 5. 580 Corry A. Edwards Drive IV. Recommendation: V. Alternative Actions: VI. Attachments: