2015_09.22 EDC Agenda Packet ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
September 22, 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 August 25, 2015 regular meeting
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for August 2015.
B. Discuss and consider approval to renew the management services agreement with the Chamber
of Commerce
V. STAFF ANNOUNCEMENTS/REPORTS
A. Village Creek
B. TownCenter
C. Chamber Report
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. 5913 Kennedale Road
2. 5409 Kennedale Road
3. 1200 Block Bowman Springs Road
4. 6900 Block 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 22,2015, 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 816cretary
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: September 22, 2015
Agenda Item No: MINUTES APPROVAL - A.
I. Subject:
Consider approval of the minutes from the August 25, 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 - August 25, 2015 8.25.15. df
_)c
KENNEDALE
Kennedale Economic
Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
August 25, 2015
I. CALL TO ORDER
President Mundy called the meeting to order at 7:03 p.m.
II. ROLL CALL
Present: Michael Johnson, Adrienne Kay, Rebecca Mowell, Robert Mundy, Pat Turner, Mark
Yeary
Absent: Ronald Whitley
Staff Present: Bob Hart, Krystal Crump, Kathy Moore, and Jack Thompson with Orasi
Development/Chamber of Commerce
III. MINUTES APPROVAL
A. Consider approval of the minutes from the July 28, 2015 regular meeting
Motion To approve the July 28, 2015 regular meeting minutes. Action Approve, Moved By Pat
Turner, Seconded By Rebecca Mowell.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for July 2015.
Finance Director, Krystal Crump provided an update on the July 2015 Economic Development
Corporation financial report. Krystal noted that there was an overage in the maintenance line
item due to an air conditioning issue at TownCenter; however, she noted that this was a one-
time issue. Additionally, there was discussion within the group on the principles of accrual
accounting and if that might be a better option for EDC reporting.
Motion To approve the July 2015 Economic Development Corporation Finance Report.
Action Approve, Moved By Rebecca Mowell, Seconded By Mark Yeary.
Motion passed Unanimously
B. Update on the International Council of Shopping Centers (ICSC) Conference Attendance
EDC Director, Bob Hart stated that Craig Hughes, Hughes Commercial Real Estate and
Development is interested in attending the International Council of Shopping Centers (ICSC)
Conference in Dallas on November 4-6, 2015. Bob stated that Jack Thompson will be attending
and asked if any of the EDC members were interested in attending the event. Robert Mundy
and Adrienne Kay stated that they could possible attend; it was noted that confirmation would
be needed by the third week in September.
V. STAFF ANNOUNCEMENTS/REPORTS
A. Village Creek
B. Sidewalk Project
C. TownCenter
D. TIRZ Report
E. Chamber Report
Director Hart provided updates for ongoing projects; highlights included a FEMA application to
be filed on Village Creek; ongoing progress on the Sidewalk Project; new signage coming to
TownCenter; and the Tax Increment Reinvestment Zone (TIRZ) is working on an engineering
report and financing.
Jack Thompson provided updates from the Chamber, inviting everyone to their upcoming
Business After Hours Event at Alley Kats in Arlington, on Tuesday evening, September 1; he
noted that this is a free event. Additionally, Jack stated that the September Chamber luncheon
will feature the State of the City address by Mayor Johnson.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:27 p.m.
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
6. 1200 Block Bowman Springs Road
7. 6900 Block Kennedale Parkway
8. Red's Roadhouse Status
9. 516 Corry A. Edwards Drive
10. 705 Kennedale Parkway
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reconvened into open session at 8:24 p.m.
No action was necessary pursuant to the Executive Session.
VIII. ADJOURNMENT
The meeting was adjourned at 8:26 p.m.
Motion To adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Rebecca Mowell.
Motion passed Unanimously
APPROVED: ATTEST:
President Robert Mundy Deputy City Secretary Kathy E. Moore
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: September 22, 2015
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Review and accept the KEDC Financial Report for August 2015.
II. Originated by:
Finance Director, Director of Finance & IT
III. Summary:
Finance Director, Krystal Crump will provide an overview of the August 2015 Kennedale Economic
Development Corporation Financial Report.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. [AUGUST 2015 FINANCIALS 0150915 EDC AUGUST 15 FINANCIALS. df
AUGUST 2015 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY
Budget Amendment
15-5565-01-00 Legal Services — increase budget $8,700
15-5570-01-00 Special Services — increase budget $15,000
15-5580-01-00 Engineering Services — increase budget $10,000
15-5615-01-00 Functional Grant— increase budget $37,744
15-5800-01-00 Land — increase budget $20,887
Monthly Information
The administration department is over budget $50,000 and being corrected with budget
amendments. August sales tax payment was 2nd largest for city.
Rental Fees, MMD Tax and Rental Insurance are reported on the Accrual Basis of Accounting,
while all other revenues and expenditures are reported on the Cash Basis. This procedure has
been in effect for several years, but can be changed should the Board wish.
Krystal Crump
Finance Director
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
BALANCE SHEET
ALL EDC FUND'S
JULY JULY
FY13-14 BEGINNING ENDING
BALANCE SHEEP ACTUAL BALANCE REVENUES EXPENDITURES BALANCE
INVESTMENT IN CONSOLIDATED CASH 177,198 153,625 52,472 65,047 141,050
TEXPOOL 19 19 - - 19
BANK ESCROW-SHOPPING CENTER 10,000 10,000 10,000
SECURITY DEPOSIT-SHOPPING CENTER (14,899) (14,899) - - (14,899)
FUND BALANCE-FUND 15 226,739 226,740 52,468 65,047 136,172
FUND BALANCE-FUND 19 29,429 29,429 - - 29,440
FUND BALANCE-FUND 95 119,922 119,953 4 - 119,957
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
INCOME STATEMENT
15:EDC4B FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY
INCOME STATEMENT BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE
OPERATING REVENUES 1,103,880 1,103,880 1,430,856 1,536,006 901,665 901,665 507,881 619,143 (202,215)
OPERATING EXPENDITURES (612,657) (603,159) (501,533) (599,079) (595,193) (595,193) (444,983) (464,933) 7,966
OPERATING INCOME/(LOSS) 491,223 500,721 929,322 936,927 306,472 306,472 62,898 154,210 (194,249)
NONOPERATING REVENUES/(EXPENSES)
INTEREST EARNINGS 645 645 8 12 4 4 53 55 (641)
(TRANSFER OUT) (155,118) (155,118) (155,119) (155,119) (153,519) (153,519) (153,519) (153,519) 1,599
NET OPERATING INCOME/(LOSS) 336,750 346,248 774,212 781,820 152,957 152,957 (90,568) 746 (193,291)
BEGINNING FUND BALANCE $ (555,080) $ (555,080) $ (555,080) $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 781,820
ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $ (218,330) $ (208,832) $ 219,132 $ 226,740 $ 379,697 $ 379,697 $ 136,172 $ 227,486 588,529
95:EDC4B RESERVE FUND $ 119,966 $ 119,955 $ 119,911 $ 119,922 $ 119,935 $ 119,938 $ 119,957 $ 119,959 (20)
19:EDC413 CAPITAL BOND FUND $ 13,357 $ 4,424 $ 29,424 $ 29,429 $ 4,451 $ 4,449 $ 29,440 $ 29,442 27
ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ (85,007) $ (84,453) $ 368,467 $ 376,090 $ 504,083 $ 504,083 $ 285,569 $ 376,887 $ 588,535
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
15:EDC413 FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
CATEGORY BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD 7.
BEGINNING FUND BALANCE $ (555,080) $ (555,080) $ (555,080) $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 $ 323,848
AD VALOREM TAXES 23,132 23,132 51,936 52,329 48,062 48,062 38,075 48,062 24,930 224.5% 79.2%
SALES/BEVERAGE TAXES 305,808 305,808 247,408 325,630 334,791 334,791 327,074 387,389 28,983 80.9% 97.7%
INVESTMENT EARNINGS 645 645 8 12 4 4 53 55 (641) 1.2% 1325.0%
MISCELLANEOUS INCOME 600,000 600,000 991,227 1,008,096 384,120 384,120 45,217 49,000 (215,880) 165.2% 11.8%
SURPLUS SALES/RENTALS 174,940 174,940 140,285 149,950 134,692 134,692 97,515 134,692 (40,248) 80.2% 72.4%
TOTAL REVENUES $ 1,104,525 $ 1,104,525 $ 1,430,864 $ 1,536,017 $ 901,669 $ 901,669 $ 507,934 $ 619,198 $ (202,856) 129.57. 56.37.
SUPPLIES 3,100 3,100 - - 3,100 3,100 4,625 4,625 - 0.0% 149.2%
MAINTENANCE 30,240 30,240 24,891 26,036 23,592 23,592 25,928 28,000 (6,648) 82.3% 109.9%
SUNDRY 213,130 317,742 253,978 345,864 201,629 201,629 186,003 203,828 (116,113) 79.9% 92.3%
DEBT 186,187 168,977 163,423 167,937 186,873 186,873 207,540 207,593 17,896 96.7% 111.1%
TRANSFERS 155,118 155,118 155,119 155,119 153,519 153,519 153,519 153,519 (1,599) 100.0% 100.0%
CAPITAL 180,000 83,100 59,241 59,241 180,000 180,000 20,887 20,887 96,900 71.3% 11.6%
TOTAL EXPENDITURES $ 767,775 $ 758,277 $ 656,652 $ 754,198 $ 748,712 $ 748,712 $ 598,502 $ 618,452 $ (9,565) 86.67. 79.97.
REVENUES OVER EXPENDITURES $ 336,750 $ 346,248 $ 774,212 $ 781,820 $ 152,957 $ 152,957 $ (90,568) $ 746
ENDING FUND BALANCE $ (218,330) $ (208,832) $ 219,132 $ 226,740 $ 379,697 $ 379,697 $ 136,172 $ 227,486
FUND BALANCE AS 7.OF EXP -28.47. -27.57. 33.47. 30.17. 50.77. 50.77. 22.8% 36.87.
RESERVE SURPLUS/(SHORTFALL) $ (218,330) $ (208,832) $ 219,132 $ 226,740 $ 379,697 $ 379,697 $ 136,172 $ 227,486
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM SUMMARY
15:EDC4B FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD T. YTD%
4002-00-00 MMD TAX-CURRENT YEAR 23,132 23,132 51,936 52,329 48,062 48,062 38,075 48,062 24,930 224.5% 79.2%
AD VALOREM TAXES $ 23,132 $ 23,132 $ 51,936 $ 52,329 $ 48,062 $ 48,062 $ 38,075 $ 48,062 $ 24,930 224.5% 79.2%
4081-00-00 SALES TAX 305,808 305,808 247,408 325,630 334,791 334,791 327,074 387,389 28,983 80.9% 97.7%
SALES/BEVERAGE TAXES $ 305,808 $ 305,808 $ 247,408 $ 325,630 $ 334,791 $ 334,791 $ 327,074 $ 387,389 $ 28,983 80.9% 97.77.
4401-00-00 INVESTMENT INCOME 645 645 8 12 4 4 53 55 (641) 1.2% 1325.0%
INVESTMENT EARNINGS $ 645 $ 645 $ 8 $ 12 $ 4 $ 4 $ 53 $ 55 $ (641) 1.2% 1325.0%
4409-00-00 MISCELLANEOUS INCOME 600,000 600,000 979,284 989,468 384,120 384,120 45,217 49,000 (215,880) 163.2% 11.8%
4415-00-00 INSURANCE REIMBURSEMENTS 11,943 18,628 #DIV 10! 0.0%
MISCELLANEOUS INCOME $ 600,000 $ 600,000 $ 991,227 $1,008,096 $ 384,120 $ 384,120 $ 45,217 $ 49,000 $ (215,880) 165.2% 11.87.
4805-00-00 RENTAL FEES-SHOPPING CENTER 166,440 166,440 135,450 145,091 126,192 126,192 97,271 126,192 (40,248) 81.4% 77.1%
4806-00-00 RENTAL INSURANCE 8,500 8,500 4,835 4,859 8,500 8,500 244 8,500 56.9% 2.9%
SURPLUS SALES/RENTALS $ 174,940 $ 174,940 $ 140,285 $ 149,950 $ 134,692 $ 134,692 $ 97,515 $ 134,692 $ (40,248) 80.2% 72.4%
TRANSFERS $ - $ - $ . $ . $ . $ . $ . $ . $ - 0.07. 0.07.
TOTAL REVENUES $1,104,525 $1,104,525 $1,430,864 $1,536,017 $ 901,669 $ 901,669 $ 507,934 $ 619,198 $ (202,856) 129.5% 56.37.
TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $1,103,880 $1,103,880 $1,418,913 $1,517,378 $ 901,665 $ 901,665 $ 507,881 $ 619,143 $ (202,215)
10%ADMIN CHARGE-GENERAL FUND 110,388 110,388 141,891 151,738 90,167 90,167 50,788 61,914 (20,221)
'EXEMPLIFYING EXCELLENCE'
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM DETAIL
15:EDC413 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 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 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 FY09/10) -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
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)
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)
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"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4B FUND
O1:ADMINISTRATION
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD%
5220-01-00 UNIFORMS - - - - - - - - - 0.0% 0.0%
5240-01-00 PRINTED SUPPLIES 3,000 3,000 - - 3,000 3,000 4,505 4,505 - 0.0% 150.2%
5260-01-00 GENERAL OFFICE SUPPLIES 50 50 - - 50 50 - - - 0.0% 0.0%
5261-01-00 POSTAGE 50 50 - - 50 50 120 120 - 0.0% 240.0%
SUPPLIES $ 3,100 $ 3,100 $ - $ - $ 3,100 $ 3,100 $ 4,625 $ 4,625 $ - 0.0% 149.2%
MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.09.
5501-01-00 ADVERTISING - - 3,616 3,616 1,200 1,200 359 359 1,200 #DIV/0! 29.9%
5510-01-00 ASSOC DUES/PUBLICATIONS 3,150 3,150 3,614 3,614 4,020 4,020 4,755 4,800 870 114.7% 118.3%
5512-01-00 CONTRACTUAL SERVICES - - - - - - - - - 0.0% 0.0%
5525-01-00 TRAINING/SEMINARS 1,000 1,000 - - 250 250 - - (750) 0.0% 0.0%
5565-01-00 LEGAL SERVICES 5,000 5,000 250 250 1,000 1,000 9,700 9,700 (4,000) 5.0% 970.0%
5567-01-00 AUDITSERVICES 2,000 2,000 20,000 2,000 2,000 2,000 2,000 2,000 - 1000.0% 100.0%
5569-01-00 ITSUPPORT - - - - - - - - - 0.0% 0.0%
5570-01-00 SPECIAL SERVICES 51,600 51,600 44,385 56,485 72,600 72,600 84,693 84,693 21,000 86.0% 116.7%
5575-01-00 EQUIPMENT RENTAL - - - - - - - - - 0.0% 0.0%
5578-01-00 TRAVEL 700 700 - - 100 100 70 70 (600) 0.0% 70.0%
5580-01-00 ENGINEERING SERVICES 10,000 10,000 7,500 12,855 1,000 1,000 9,135 11,000 (9,000) 75.0% 913.5%
5585-01-00 TELEPHONE SERVICES - - - - - - - - - 0.0% 0.0%
5595-01-00 ADMIN CHARGE-GENERAL FUND 110,388 215,000 129,811 213,607 90,167 90,167 50,588 61,914 (124,833) 60.4% 56.1%
SUNDRY $ 183,838 $ 288,450 $ 209,176 $ 292,427 $ 172,337 $ 172,337 $ 161,300 $ 174,536 $ (116,113) 72.5% 93.6%
5615-01-00 FUNCTIONAL GRANT - - - - - - 37,744 37,744 - 0.0% #DIV/0!
DEBT $ - $ - $ - $ - $ - $ - $ 37,744 $ 37,744 $ - 0.0% #DIV/01
TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5800-01-00 LAND - 48,100 47,184 47,184 - - 20,887 20,887 (48,100) 98.1% #DIV/0!
CAPITAL $ - $ 48,100 $ 47,184 $ 47,184 $ - $ - $ 20,887 $ 20,887 $ (48,100) 98.1% #DIV/01
TOTAL EXPENDITURES $ 186,938 $ 339,650 $ 256,360 $ 339,611 $ 175,437 $ 175,437 $ 224,556 $ 237,792 $ (164,213) 48.7% 75.5%
"EXEMPLIFYING EXCELLENCE"
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
5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS ASSOCIATIONS BY BOARS 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
(FYI 1/12 $1500, FYI 2/13 $1500, FYI 3/14 $2K, FYI 4/15 $2K, FYI 5/16
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
WEBSITE MAINTENANCE BY CONSULTANT 550/MONTH 6,600
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
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)
TOTAL EXPENDITURES $ 175,437
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4B FUND
O1:ADMINISTRATION
03:DEBT SERVICE
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FYI 3-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD%
5620-01-03 ISSUANCE COSTS - - - - - - - - - 0.0% 0.0%
5621-01-03 PAYING AGENT FEES - - - - - - - - - 0.0% 0.0%
5643-01-03 2007$1.210 TAX BOND-INTEREST 68,806 68,806 68,766 68,766 65,678 65,678 65,625 65,678 (3,128) 99.9% 99.9%
5644-01-03 2007$1.210 TAX BOND-PRINCIPAL 45,000 45,000 45,000 45,000 50,000 50,000 50,000 50,000 5,000 100.0% 100.0%
5645-01-03 2011$1.710 TX LEVERAGE-INT 18,210 18,218 16,745 18,210 17,024 17,024 17,024 17,024 (1,194) 91.9% 100.0%
5646-01-03 2011$1.710 TX LEVERAGE-PRI 54,171 36,953 32,911 35,961 54,171 54,171 37,147 37,147 17,218 89.1% 68.6%
DEBT $ 186,187 $ 168,977 $ 163,423 $ 167,937 $ 186,873 $ 186,873 $ 169,796 $ 169,849 $ 17,896 96.7% 90.9%
0.0% 0.0%
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 155,118 155,118 155,119 155,119 153,519 153,519 153,519 153,519 (1,599) 100.0% 100.0%
TRANSFER $ 155,118 $ 155,118 $ 155,119 $ 155,119 $ 153,519 $ 153,519 $ 153,519 $ 153,519 $ (1,599) 100.07. 100.0%
TOTAL EXPENDITURES $ 341,305 $ 324,095 $ 318,542 $ 323,056 $ 340,392 $ 340,392 $ 323,315 $ 323,368 $ 16,297 98.3% 95.09.
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15:EDC4B FUND
01:ADMINISTRATION
03:DEBT SERVICE
FY14.15
PROPOSED
5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 1 1/01 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 $11M TX LEVERAGE-INT DUE BY 1ST OF EACH MONTH BEGINS 11/01/2011 17,024 17,024
5646-01-03 2011 $1.7M TX LEVERAGE-PRI DUE BY IST OF EACH MONTH BEGINS 11/01/2011) 54,171 54,171
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$2.01A CO BOND 80,000
TOTAL EXPENDITURES $ 340,392
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC413 FUND
02:TOWN SHOPPING CENTER
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD
SUPPLIES $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5403-02-00 BUILDING MAINTENANCE 30,240 30,240 24,891 26,036 23,592 23,592 25,928 28,000 (6,648) 82.3% 109.9%
MAINTENANCE $ 30,240 $ 30,240 $ 24,891 $ 26,036 $ 23,592 $ 23,592 $ 25,928 $ 28,000 $ (6,648) 82.3% 109.97.
5530-02-00 ELECTRIC SERVICES 5,000 5,000 3,754 4,439 5,000 5,000 4,380 5,000 - 75.1% 87.691
5545-02-00 INSURANCE-PROPERTY 8,500 8,500 10,075 10,075 8,500 8,500 6,347 8,500 - 118.5% 74.7%
5570-02-00 SPECIAL SERVICES 15,792 15,792 15,055 16,371 15,792 15,792 13,976 15,792 - 95.3% 88.591
SUNDRY $ 29,292 $ 29,292 $ 28,884 $ 30,885 $ 29,292 $ 29,292 $ 24,703 $ 29,292 $ - 98.67. 84.3%
TOTAL EXPENDITURES $ 59,532 $ 59,532 $ 53,775 $ 56,922 $ 52,884 $ 52,884 $ 50,631 $ 57,292 $ (6,648) 90.37. 95.77.
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15:EDC4B FUND
02:TOWN SHOPPING CENTER
FY14-15
PROPOSED
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
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
SEP 2013 - AUG 2015: SUBWAY $350, ACE $466 OR $9792 FY13/14 - 9,792
FY14 15 ANNUAL
TOTAL EXPENDITURES $ 52,884
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4B FUND
03:TOWN CENTER REDEVELOPMENT
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD
SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5847-03-00 CONSTRUCTION 30,000 - - - 30,000 30,000 - - 30,000 0.09, 0.0%
CAPITAL $ 30,000 $ - $ - $ - $ 30,000 $ 30,000 $ - $ - $ 30,000 0.0% 0.0%
$ 30,000 $ - $ - $ - $ 30,000 $ 30,000 $ - $ - $ 30,000 0.0% 0.0%
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC413 FUND
03:TOWN CENTER REDEVELOPMENT
FY14-15
PROPOSED
5847-03-00 CONSTRUCTION CHICKEN EXPRESS BUILDING HEALTH INSPECTIONS/ASBESTOS SURVEY 5,000 30,000
CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000
TOTAL EXPENDITURES $ 30,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC413 FUND
04:TEXAS LEVERAGE PROGRAM
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FYI 4-15 FYI 4-15 FYI 4-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD
5580-04-00 ENGINEERING SERVICES - - 15,918 22,552 - - - - - #DIV/0! 141.7%
SUNDRY $ - $ - $ 15,918 $ 22,552 $ - $ - $ - $ - $ - 0.0% 0.0%
DEBT $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5800-04-00 LAND 150,000 35,000 12,057 12,057 150,000 150,000 - - 115,000 #DIV/0! 142.8%
CAPITAL $ 150,000 $ 35,000 $ 12,057 $ 12,057 $ 150,000 $ 150,000 $ - $ - $ 115,000 100.7% 142.87.
$ 150,000 $ 35,000 $ 27,975 $ 34,609 $ 150,000 $ 150,000 $ - $ - $ 115,000 111.9% 156.67.
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15: EDC413 FUND
04:TEXAS LEVERAGE PROGRAM
FY14-15
PROPOSED
5800-00-00 LAND HOTEL/QT PROPERTY 150,000 150,000
TOTAL EXPENDITURES $ 150,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
19:EDC413 CAPITAL BOND FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
CATEGORY BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD V. YTD V.
BEGINNING FUND BALANCE $ 38,357 $ 29,411 $ 29,411 $ 29,411 $ 29,431 $ 29,429 $ 29,429 $ 29,429
INVESTMENT EARNINGS - 17 17 18 20 20 11 13 20 100.07o 55.0%
TOTAL REVENUES $ $ 17 $ 17 $ 18 $ 20 $ 20 $ 11 $ 13 $ 20 100.07. 55.07.
CAPITAL 25,000 25,000 - - 25,000 25,000 - - - 0.0% 0.0%
TOTAL EXPENDITURES $ 25,000 $ 25,000 $ $ $ 25,000 $ 25,000 $ $ $ 0.07. 0.07.
REVENUES OVER EXPENDITURES $ (25,000) $ (24,983) $ 17 $ 18 $ (24,980) $ (24,980) $ 11 $ 13
ENDING FUND BALANCE $ 13,357 $ 4,428 $ 29,428 $ 29,429 $ 4,451 $ 4,449 $ 29,440 $ 29,442
ADJUSTMENTS
FUND BALANCE AS%OF EXP 53.4% 17.77. N/A N/A 17.87. 17.87. N/A N/A
RESERVE(NO REQUIREMENT) $ $ $ $ $ $ $ $
RESERVE SURPLUS/(SHORTFALL) $ 13,357 $ 4,428 $ 29,428 $ 29,429 $ 4,451 $ 4,449 $ 29,440 $ 29,442
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE REM SUMMARY
19:EDC413 CAPITAL BOND FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD V.
4401-00-00 INVESTMENT INCOME - - 17 18 20 20 11 13 20 #DIV/0! 55.0%
INVESTMENT EARNINGS $ - $ - $ 17 $ 18 $ 20 $ 20 $ 11 $ 13 $ 20 #DIV/01 55.07.
TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTAL REVENUES $ - $ - $ 17 $ 18 $ 20 $ 20 $ 11 $ 13 $ (250) #DIV/01 55.0%
19:EDC413 CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD V.
MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07.
SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.07.
5847-01-00 CONSTRUCTION 25,000 25,000 - - 25,000 25,000 - - - 0.0% 0.0%
CAPITAL $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ - $ - $ - 0.0% 0.0%
TOTAL EXPENDITURES $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ - $ - $ - 0.0% 0.07.
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM DETAIL
19:EDC413 CAPITAL BOND FUND
FY14-15
PROPOSED
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATE: 20 20
TOTAL REVENUES $ 20
19:EDC413 CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
FY14-15
PROPOSED
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 FYI 3-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FYI 3-14 FY14-15
CATEGORY BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD 7. YTD V.
BEGINNING FUND BALANCE $ 119,914 $ 119,903 $ 119,903 $ 119,903 $ 119,919 $ 119,922 $ 119,922 $ 119,922
INVESTMENT EARNINGS 52 52 17 19 16 16 35 37 (36) 32.7% 218.8%
TOTAL REVENUES $ 52 $ 52 $ 17 $ 19 $ 16 $ 16 $ 35 $ 37 $ (36) 32.77. 218.8%
TOTAL EXPENDITURES $ $ $ $ $ $ $ $ $ - 0.037 0.0%
REVENUES OVER EXPENDITURES $ 52 $ 52 $ 17 $ 19 $ 16 $ 16 $ 35 $ 37
ENDING FUND BALANCE $ 119,966 $ 119,955 $ 119,920 $ 119,922 $ 119,935 $ 119,938 $ 119,957 $ 119,959
ADJUSTMENTS - - - - - -
FUND BALANCE AS 37.OF EXP N/A N/A 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 $ 112,606 $ 112,606
RESERVE SURPLUS/(SHORTFALL) $ 7,360 $ 7,349 $ 7,314 $ 7,316 $ 7,329 $ 7,332 $ 7151 $ 7,353
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM SUMMARY
95:EDC413 RESERVE FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD%
4401-00-00 INVESTMENT INCOME 52 52 17 19 16 16 35 37 (36) 32.7% 218.8%
INVESTMENT EARNINGS $ 52 $ 52 $ 17 $ 19 $ 16 $ 16 $ 35 $ 37 $ (36) 32.7% 218.8%
OTHER AGENCY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTAL REVENUES $ 52 $ 52 $ 17 $ 19 $ 16 $ 16 $ 35 $ 37 $ (36) 32.7% 218.8%
95:EDC413 RESERVE FUND
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD AUGUST ACTUAL PROPOSED AMENDED YTD AUGUST ESTIMATE CHANGE YTD% YTD%
TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
"EXEMPLIFYING EXCELLENCE"
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 RATE: 16 16
TOTAL REVENUES $ 16
FY14-15
PROPOSED
5715-00-00 TRANSFER OUT-EDCB FUND
TOTAL EXPENDITURES $
"EXEMPLIFYING EXCELLENCE"
Economic Development Corporation Sales Tax Revenue
Three Year History
$65,000
$60,000
$55,000
$50,000
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
2012-13 ACTUAL (2013-14 ACTUAL -)s--2014-15 ACTUAL
Economic Development Corporation Sales Tax Revenue
Monthly History
$65,000
$60,000
$55,000
$50,000
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
--o-2013-14 ACTUAL --m-2014-15 ACTUAL
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: September 22, 2015
Agenda Item No: REGULAR ITEMS - B.
I. Subject:
Discuss and consider approval to renew the management services agreement with the Chamber of
Commerce
II. Originated by:
III. Summary:
The Comprehensive Operations Assistance Agreement between the Economic Development
Corporation and the Kennedale Chamber of Commerce is attached for review and to approve
the extension of the agreement for an additional 12 months.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. JEDC Chamber Agreement Renewal JEDC - Chamber A reement-2015.doc
Comprehensive Operations Assistance Agreement
This Agreement is made and entered into this day of
2015, by and between the Kennedale Economic Development
Corporation, hereinafter called "EDC," and the Kennedale Chamber of Commerce,
hereinafter called "Chamber."
WITNES SETH:
WHEREAS, the Chamber desires to obtain the services of the EDC to provide
Operational Services for the Chamber on the terms outlined herein;
NOW, THEREFORE, for and in consideration of the mutual covenants and
agreements herein contained, the parties hereto agree as follows:
Section 1. Duties
The EDC hereby agrees to perform the following functions and service for the
benefit of the Chamber:
• Involvement with regional chamber organizations
• Business visits and membership recruitment
• Development of membership benefits and educational opportunities
• Support membership—monthly luncheon and Business After hours
• Special events coordination - parade, golf tournament, and support of Art
in the Park
• Support board meetings and committee meetings
• Staff management
• Promotion of the 12 @ 12 quarterly luncheon
• Bi-annual legislative day trip to Austin
• The EDC Board and the Chamber board to meet jointly twice each year
• The officers of the EDC and the Chamber executive committee to meet
twice each year
• Career fair with local businesses
• Maintain Web-site maintenance and design
• Design and production of newsletters, print advertisements, and other
marketing materials.
• Developing Incentive packages
• Retention and expansion programs
• Economic base analysis
• Demographic research
• Represent Chamber at Trade Shows
The Chamber understands that any person provided by the EDC to perform the
services hereunder is an officer or employee of the EDC; thus, should the Chamber have
personnel problems beyond day-to-day chamber operations that need to be resolved, it
should be done through the EDC and not with the officer or employee directly.
Section 2. Term, Renewal and Extension
Term. The initial term of this Agreement shall be from July 1, 2014 through
September 30, 2014.
Renewal and Extension. The Chamber shall consider this Agreement for
renewal no less than sixty (60) days prior to the end of the initial term. Either party may
allow this Agreement to terminate with a written "Notice of Intent Not to Renew"
provided to the other party no less than thirty (30) days prior to the end of the initial term.
Any extension or modifications of the term, scope and provisions of this Agreement shall
be separately negotiated by the EDC and the Chamber. Service provisions and fixed
hourly rates for specific economic development projects and other such special projects
above and beyond the basic services set forth in this Agreement may be jointly agreed
upon by the Chamber and the EDC.
Section 3. Compensation
The Chamber agrees to pay the EDC for its services rendered pursuant hereto a
fee of$2,000 per month and provide office space for use by the EDC.
The EDC shall also be reimbursed any reasonable business expenses incurred
while performing duties for the Chamber. Such business expenses include but are not
limited to off-site computer expenses, direct Chamber advertising expenses, special data
and/or demographic purchases, hotel room and meals when required to be away from the
Dallas/Fort Worth region, and materials required to produce reports and presentations,
postage, etc. The EDC shall get permission from the Chamber prior to making such
expenditures.
Section 4. Indemnification
The Chamber shall indemnify and hold harmless the EDC against any costs and
expenses (including attorney's fees) and amounts actually and reasonably incurred by the
EDC in connection with the defense of any civil, criminal or administrative action, suit or
proceeding in which the EDC is made a party or with which the EDC is threatened, by
reason of this Agreement or because of any act within the course and scope of the EDC's
duties and functions hereunder; provided the EDC acted in good faith and in a manner in
which the EDC reasonably believed to be in, or not opposed to, the best interest of the
Chamber. Notwithstanding the foregoing, the EDC shall not be entitled to
indemnification regarding (1) any matter in which the EDC shall be adjudged to be solely
liable for negligence or misconduct in the performance of the EDC's duties, or (2) any
matter in which the EDC fails to notify the Chamber of a claim within a reasonable time
or fails to cooperate in the defense of such claim, but only to the extent that the defense
of such claim is prejudiced by the EDC's failure to give notice or to cooperate.
Section 5. General Provisions
The text herein shall constitute the entire agreement between the parties. This
Agreement supersedes all other agreements, either oral or in writing, between the parties
to this Agreement, with respect to the services of the EDC to the Chamber. If any
provision, or any portion thereof, contained in this Agreement is held to be
unconstitutional, invalid or unenforceable, the remainder of this Agreement, or portion
thereof, shall be deemed severable, shall not be affected and shall remain in full force and
effect.
Section 6. Termination of Agreement for Cause
If, through any cause, either party shall fail to fulfill in a timely and proper
manner any of its obligations under this Agreement, or if either party shall violate any of
the covenants, agreements or stipulations of this Agreement, the other party shall
thereupon have the right to terminate this Agreement by giving written notice to the party
of cause. In that event, all finished or unfinished documents, data, studies, surveys and
reports prepared by the EDC shall be delivered to the Chamber and shall become the
property of the Chamber upon receipt of compensation for the current month.
Section 7. Other Terminations
Either party may terminate this Agreement at any time by giving written notice to
the other party of such termination and specifying the effective date thereof, at least sixty
(60) days before the effective date of such termination. It is mutually agreed that if this
Agreement is terminated by the Chamber as provided herein, all finished and unfinished
documents, charts and studies prepared by the EDC in the performance of this Agreement
shall become the sole property of the Chamber and shall be delivered to the Chamber by
the EDC upon receipt of compensation for the last month of work completed.
Section 8. Assignability
The EDC shall not assign any interest in this Agreement without the prior written
consent of the Chamber.
Section 9. Confidentiality
Any reports, information, data, etc. given to or prepared or assembled by the EDC
under this Agreement shall not be made available to any individual or organization by the
EDC without the prior written approval of the Chamber, unless required by state law.
In Witness Whereof, the parties by their duly authorized officers have caused this
Agreement to be executed as of the date above.
Kennedale Economic Development Corporation
By: (signature)
Robert Mundy, President
Kennedale Chamber of Commerce
By: (signature)
Tom Hala, Chair
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: September 22, 2015
Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A.
I. Subject:
Village Creek
B. TownCenter
C. Chamber Report
II. Originated by:
Bob Hart
III. Summary:
The Director will provide an update on these items.
• Village Creek
• TownCenter
• Chamber Report
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: September 22, 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. 5913 Kennedale Road
2. 5409 Kennedale Road
3. 1200 Block Bowman Springs Road
4. 6900 Block Kennedale Parkway
II. Originated by:
Bob Hart
III. Summary:
These items will be discussed during the Executive Session.
• 5913 Kennedale Road
• 5409 Kennedale Road
• 1200 Block Bowman Springs Road
• 6900 Block Kennedale Parkway
IV. Recommendation:
V. Alternative Actions:
VI. Attachments: