2015_09.22 EDC MinutesECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
September 22, 2015
I. CALL TO ORDER
President Mundy called the meeting to order at 7:01 p.m.
II. ROLL CALL
Present: Adrienne Kay, Rebecca Mowell, Robert Mundy, Pat Turner, Mark Yeary
Absent: Michael Johnson, Ronald Whitley
III. MINUTES APPROVAL
A. Consider approval of the minutes from the August 25, 2015 regular meeting
Motion To approve the August 25, 2015 regular meeting minutes. Action Approve, Moved
By Mark Yeary, Seconded By Rebecca Mowell.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for August 2015.
Finance Director, Krystal Crump provided an update on the August 2015 Economic
Development Corporation financial report and budget amendments. Board members
questioned the budget amendments; Krystal stated that she would prepare a detailed
worksheet for the budget amendments. Robert Mundy noted a correction to the fund balance
on the August financial report; Krystal will revise the report.
There was additional conversation concerning the financial report format. Board members
requested the following changes be made for upcoming reports:
• More details on the month to month changes
• Change the title verbiage, from estimate to forecast
• Add page numbers to the report
Motion To approve the August 2015 Economic Development Corporation Financial Report and
budget amendments with corrections to the fund balance. Action Approve, Moved
By Adrienne Kay, Seconded By Rebecca Mowell.
Motion passed Unanimously
B. Discuss and consider approval to renew the management services agreement with
the Chamber of Commerce
President Mundy stated that it was time to review the Comprehensive Operations Assistance
Agreement with the Kennedale Chamber of Commerce. Pat Turner questioned how the
agreement has benefited the EDC /City. Jack Thompson provided a brief overview of benefits
and accomplishments for the past contract period. Discussion ensued among Board members,
concluding that the agreement was beneficial to all parties concerned.
Robert Mundy moved that the Comprehensive Operations Assistance Agreement with the
Kennedale Area Chamber of Commerce be approved with the following changes to Section 2.
"Term, Renewal and Extension," incorporated:
1. The Section 2, paragraph labeled "Term" changed to read as follows: Term. The term
of this Agreement shall be from October 1, 2015 to September 30, 2016.
2. The Section 2, paragraph labeled "Renewal and Extension changed to strike the word
"initial" in the two (2) places that it appears.
Motion To approve renewal of the Comprehensive Operations Assistance Agreement with
verbiage corrections to the agreement. Action Approve, Moved By Robert Mundy, Seconded
By Pat Turner.
Motion passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Village Creek
B. TownCenter
C. Chamber Report
Jack Thompson, Orasi Development /Kennedale Chamber reported on ongoing projects for
Director Bob Hart.
Jack informed the Board that the Army Corps of Engineers performed an environmental study
as part of the 205 Study for flood control at Village Creek, and they are willing to help the City
pursue grant funding for the project. He added that Hughes Commercial Texas has several
prospects in the works for TownCenter, and are interested in sponsoring and /or
promoting community events.
Jack reported that the Chamber will hold their next Business After Hours on October 6 with a
costume contest hosted by Kennedale Chiropractic; a Golf Tournament is scheduled for
November 2; and the October Chamber luncheon is scheduled for October 14, which will
feature the State of the State with State Representative Bill Zedler and Senator Konni Burton.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 8:11 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. 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
President Mundy reconvened into open session at 8:20 p.m.
No action was necessary pursuant to the Executive Session. Robert noted that the next meeting
was scheduled for October 27, 2015 at 7 p.m.
VIII. ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Pat Turner.
Motion passed Unanimously
The meeting was adjourned at 8:27 p.m.
APPROVED:
President Robert Mun .
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ATTEST:
Deputy City cretary Kathy E. Moore