2015_10.27 EDC Agenda Packet ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
October 27, 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 September 22, 2015 regular meeting
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for September 2015.
V. STAFF ANNOUNCEMENTS/REPORTS
A. Village Creek
B. TownCenter
C. Chamber Report
D. ICSC
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. 5409 Kennedale Road
2. 1200 Block Bowman Springs Road
3. 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 October 27, 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.
Imo,
Leslie Galloway, City 38,6cretary
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169
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KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: October 27, 2015
Agenda Item No: MINUTES APPROVAL - A.
I. Subject:
Consider approval of the minutes from the September 22, 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 - September 22, 2015 9-22-15. df
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KENNEDALE
Kennedale Economic
Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
September 22, 2015
1. CALLTO ORDER
President Mundy called the meeting to order at 7:01 p.m.
11. ROLL CALL
Present:Adrienne Kay, Rebecca Mowell, Fbbert Mundy, Pat Turner, MarkYeary
Absent: Michael bhnson, Fenald Whitley
III. M I NUTESAPPROVAL
A. Consider approval of the minutesfrom the August 25, 2015 regular meeting
Motion To approve the August 25, 2015 regular meeting minutes. Action Approve, Moved
W Mark Yeary, Seconded W Rebecca M owel 1.
Motion passed Unanimously
IV. REGULARITEMS
A. Review and adept the KEDCFinancial 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. Febert Mundy noted a correction to the fund balance
on the August financial report; Krystal will revisethe 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
WAdrienne Kay, Seconded W Rebecca Mowel1.
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 EDGGty. 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.
Fbbert Mundy moved that the Comprehensive Operations Assistance Agreement with the
Kennedale Area Chamber of Commerce be approved with the following changes to Saction 2.
"Term, Fbnewal and Extension," incorporated:
1. The Section 2, paragraph labeled "Term" changed to read as follows: Term. The term
of thisAgreement shall be from October 1, 2015 to September 30, 2016.
2. The Section 2, paragraph labeled "P,-newal and Extension changed to strike the word
"initial" in the two (2) placesthat it appears.
Motion To approve renewal of the Comprehensive Operations Assistance Agreement with
verbiage corrections to the agreement. Action Approve, Moved lay Fbbert Mundy, Seconded
W Pat Turner.
Motion passed Unanimously
V. STAFF ANNOUNCEMENTS FEPORTS
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 Gate with State Representative Bill Zedler and Senator Konni Burton.
VI. DXECUII VE SEM ON
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 Fead
2. 5409 Kennedale Fead
3. 1200 Block Bowman qDrings Fbad
4. 6900 Block Kennedale Parkway
10111. RECONVENE I NTO OPEN SIM ON, AND TAKE AC7I ON NECESMW RJRSUANT TO
EXECUTIVESESSION, IF NEEDED
President Mundy reconvened into open session at 8:20 p.m.
No action was necessary pursuant to the Executive Sqssion. Fbbert noted that the next meeting
was scheduled for October 27, 2015 at 7 p.m.
VIII. AD.DURNM ENT
Motion To adjourn. Action Adjourn, Moved W Mark Yeary, Seconded W Pat Turner.
Motion passed Unanimously
The meeting wasadjourned at 8:27 p.m.
APPROVED: ATTEST:
President Fbbert Mundy Deputy City Sqcretary Kathy E Moore
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KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: October 27, 2015
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Review and accept the KEDC Financial Report for September 2015.
II. Originated by:
Finance Director, Director of Finance & IT
Bob Hart
III. Summary:
Bob Hart will provide an overview of the September 2015 Kennedale Economic Development
Corporation Financial Report.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. ISeptember 2015 Financials 0150915 EDC SEPTEMBER 15 FINANCIALS. df
SEPTEMBER 2015 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY
Budget Amendment
No amendments.
Monthly Information
• The sales tax has returned to normal.
• Land was purchased in the oak crest area.
• Engineering costs were moved from special services.
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
FY13-14 FY14-15
BALANCE SHEET ACTUAL ACTUAL
INVESTMENT IN CONSOLIDATED CASH - FUND 15 177,198 90,295
INVESTMENT IN CONSOLIDATED CASH - FUND 95 119,962 119,962
TEXPOOL 19 19
TEXPOOL- FUND 19 29,411 29,444
BANK ESCROW-SHOPPING CENTER 10,000 10,000
SECURITY DEPOSIT-SHOPPING CENTER (14,899) (14,899)
FUND BALANCE- FUND 15 226,739 117,326
FUND BALANCE- FUND 19 29,429 29,444
FUND BALANCE- FUND 95 119,922 119,962
"EXEMPLIFYING EXCELLENCE"
1
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
INCOME STATEMENT
15:EDC4B FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY
INCOME STATEMENT BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE
OPERATING REVENUES 1,103,880 1,103,880 1,536,006 901,665 901,665 99,693 607,574 (202,215)
OPERATING EXPENDITURES (612,657) (603,159) (599,079) (595,193) (595,193) (118,543) (563,526) 7,966
OPERATING INCOME/(LOSS) 491,223 500,721 936,927 306,472 306,472 (18,850) 44,048 (194,249)
NONOPERATING REVENUES/(EXPENSES)
INTEREST EARNINGS 645 645 12 4 4 4 57 (641)
(TRANSFER OUT) (155,118) (155,118) (155,119) (153,519) (153,519) - (153,519) 1,599
NET OPERATING INCOME/(LOSS) 336,750 346,248 781,820 152,957 152,957 (18,847) (109,414) (193,291)
BEGINNING FUND BALANCE $ (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) $ 226,740 $ 379,697 $ 379,697 $ 207,893 $ 117,326 588,529
95:EDC413 RESERVE FUND $ 119,966 $ 119,955 $ 119,922 $ 119,935 $ 119,938 $ 119,924 $ 119,962 (20)
19:EDC413 CAPITAL BOND FUND $ 13,357 $ 4,424 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 29,444 27
ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ (85,007) $ (84,453) $ 376,090 $ 504,083 $ 504,083 $ 357,248 $ 266,732 $ 588,535
"EXEMPLIFYING EXCELLENCE'
2
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
15:EDC413 FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
CATEGORY BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD 7.
BEGINNING FUND BALANCE $ (555,080) $ (555,080) $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 $ 323,848
AD VALOREM TAXES 23,132 23,132 52,329 48,062 48,062 - 38,075 24,930 224.5% 79.2%
SALES/BEVERAGE TAXES 305,808 305,808 325,630 334,791 334,791 90,435 417,509 28,983 80.9% 124.7%
INVESTMENT EARNINGS 645 645 12 4 4 4 57 (641) 1.2% 1421.0%
MISCELLANEOUS INCOME 600,000 600,000 1,008,096 384,120 384,120 9,257 54,475 (215,880) 165.2% 14.2%
SURPLUS SALES/RENTALS 174,940 174,940 149,950 134,692 134,692 - 97,515 (40,248) 80.2% 72.4%
TOTAL REVENUES $ 1,104,525 $ 1,104,525 $ 1,536,017 $ 901,669 $ 901,669 $ 99,697 $ 607,631 $ (202,856) 129.57. 67.47.
SUPPLIES 3,100 3,100 - 3,100 3,100 - 4,625 - 0.0% 149.2%
MAINTENANCE 30,240 30,240 26,036 23,592 23,592 - 25,928 (6,648) 82.3% 109.9%
SUNDRY 213,130 317,742 345,864 201,629 201,629 16,703 202,706 (116,113) 79.9% 100.5%
DEBT 186,187 168,977 167,937 186,873 186,873 648 208,189 17,896 96.7% 111.4%
TRANSFERS 155,118 155,118 155,119 153,519 153,519 - 153,519 (1,599) 100.0% 100.0%
CAPITAL 180,000 83,100 59,241 180,000 180,000 101,192 122,078 96,900 71.3% 67.8%
TOTAL EXPENDITURES $ 767,775 $ 758,277 $ 754,198 $ 748,712 $ 748,712 $ 118,543 $ 717,045 $ (9,565) 86.67. 95.87.
REVENUES OVER EXPENDITURES $ 336,750 $ 346,248 $ 781,820 $ 152,957 $ 152,957 $ (18,847) $ (109,414)
ENDING FUND BALANCE $ (218,330) $ (208,832) $ 226,740 $ 379,697 $ 379,697 $ 207,893 $ 117,326
FUND BALANCE AS 7.OF EXP -28.47. -27.57. 30.1% 50.77. 50.77. 175.4% 16.47.
RESERVE SURPLUS/(SHORTFALL) $ (218,330) $ (208,832) $ 226,740 $ 379,697 $ 379,697 $ 207,893 $ 117,326
"EXEMPLIFYING EXCELLENCE"
3
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM SUMMARY
15:EDC4B FUND
FYI 3-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD T. YTD%
4002-00-00 MMD TAX-CURRENT YEAR 23,132 23,132 52,329 48,062 48,062 38,075 24,930 224.5% 79.2%
AD VALOREM TAXES $ 23,132 $ 23,132 $ 52,329 $ 48,062 $ 48,062 $ - $ 38,075 $ 24,930 224.5% 79.2%
4081-00-00 SALES TAX 305,808 305,808 325,630 334,791 334,791 90,435 417,509 28,983 80.9% 124.7%
SALES/BEVERAGE TAXES $ 305,808 $ 305,808 $ 325,630 $ 334,791 $ 334,791 $ 90,435 $ 417,509 $ 28,983 80.9% 124.77.
4401-00-00 INVESTMENT INCOME 645 645 12 4 4 4 57 (641) 1.2% 1421.0%
INVESTMENT EARNINGS $ 645 $ 645 $ 12 $ 4 $ 4 $ 4 $ 57 $ (641) 1.2% 1421.0%
4409-00-00 MISCELLANEOUS INCOME 600,000 600,000 989,468 384,120 384,120 9,257 54,475 (215,880) 163.2% 14.2%
4415-00-00 INSURANCE REIMBURSEMENTS - - 18,628 - - - - - #DIV/0! 0.0%
MISCELLANEOUS INCOME $ 600,000 $ 600,000 $1,008,096 $ 384,120 $ 384,120 $ 9,257 $ 54,475 $ (215,880) 165.2% 14.2%
4805-00-00 RENTAL FEES-SHOPPING CENTER 166,440 166,440 145,091 126,192 126,192 - 97,271 (40,248) 81.4% 77.1%
4806-00-00 RENTAL INSURANCE 8,500 8,500 4,859 8,500 8,500 244 56.9% 2.9%
SURPLUS SALES/RENTALS $ 174,940 $ 174,940 $ 149,950 $ 134,692 $ 134,692 $ - $ 97,515 $ (40,248) 80.2% 72.4%
TRANSFERS $ - $ . $ . $ . $ - $ . $ . $ - 0.0% 0.017.
TOTAL REVENUES $1,104,525 $1,104,525 $1,536,017 $ 901,669 $ 901,669 $ 99,697 $ 607,631 $ (202,856) 129.5% 67.47.
TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $1,103,880 $1,103,880 $1,517,378 $ 901,665 $ 901,665 $ 99,693 $ 607,574 $ (202,215)
10%ADMIN CHARGE-GENERAL FUND 110,388 110,388 151,738 90,167 90,167 9,969 60,757 (20,221)
"EXEMPLIFYING EXCELLENCE"
4
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"
5
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4B FUND
01:ADMINISTRATION
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD 7.
5220-01-00 UNIFORMS - - - - - - - - 0.0% 0.0%
5240-01-00 PRINTED SUPPLIES 3,000 3,000 - 3,000 3,000 - 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 - 0.0% 240.0%
SUPPLIES $ 3,100 $ 3,100 $ - $ 3,100 $ 3,100 $ - $ 4,625 $ - 0.097 149.27.
MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - 0.097 0.07.
5501-01-00 ADVERTISING - - 3,616 1,200 1,200 - 359 1,200 #DIV/0! 29.9%
5510-01-00 ASSOC DUES/PUBLICATIONS 3,150 3,150 3,614 4,020 4,020 - 4,755 870 114.7% 118.3%
5525-01-00 TRAINING/SEMINARS 1,000 1,000 - 250 250 - - (750) 0.0% 0.0%
5565-01-00 LEGALSERVICES 5,000 5,000 250 1,000 1,000 - 9,700 (4,000) 5.0% 970.0%
5567-01-00 AUDITSERVICES 2,000 2,000 2,000 2,000 2,000 - 2,000 - 1000.0% 100.0%
5570-01-00 SPECIAL SERVICES 51,600 51,600 56,485 72,600 72,600 (1,985) 82,708 21,000 86.0% 113.9%
5578-01-00 TRAVEL 700 700 - 100 100 - 70 (600) 0.0% 70.0%
5580-01-00 ENGINEERING SERVICES 10,000 10,000 12,855 1,000 1,000 7,903 17,038 (9,000) 75.0% 1703.8%
5595-01-00 ADMIN CHARGE-GENERAL FUND 110,388 215,000 213,607 90,167 90,167 9,969 60,557 (124,833) 60.4% 67.2%
SUNDRY $ 183,838 $ 288,450 $ 292,427 $ 172,337 $ 172,337 $ 15,887 $ 177,187 $ (116,113) 72.597 102.87.
5615-01-00 FUNCTIONAL GRANT - - - - - 648 38,392 - 0.0% #DIV/0!
DEBT $ - $ - $ - $ - $ - $ 648 $ 38,392 $ - 0.097 #DIV/01
TRANSFERS $ - $ - $ - $ - $ - $ - $ . $ - 0.097 0.097
5800-01-00 LAND - 48,100 47,184 - - - 20,887 (48,100) 98.1% #DIV/0!
CAPITAL $ - $ 48,100 $ 47,184 $ - $ - $ - $ 20,887 $ (48,100) 98.197 #DIV/01
TOTAL EXPENDITURES $ 186,938 $ 339,650 $ 339,611 $ 175,437 $ 175,437 $ 16,535 $ 241,091 $ (164,213) 48.797 75.597
"EXEMPLIFYING EXCELLENCE"
6
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"
7
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4BFUND
O1:ADMINISTRATION
03:DEBT SERVICE
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD F. YTD F.
5643-01-03 2007$1.2M TAX BOND-INTEREST 68,806 68,806 68,766 65,678 65,678 - 65,625 (3,128) 99.9% 99.9%
5644-01-03 2007$1.2M TAX BOND-PRINCIPAL 45,000 45,000 45,000 50,000 50,000 - 50,000 5,000 100.0% 100.0%
5645-01-03 2011 $1.7M TX LEVERAGE-INT 18,210 18,218 18,210 17,024 17,024 - 17,024 (1,194) 91.9% 100.0%
5646-01-03 2011 $1.7M TX LEVERAGE-PRI 54,171 36,953 35,961 54,171 54,171 - 37,147 17,218 89.1% 68.6%
DEBT $ 186,187 $ 168,977 $ 167,937 $ 186,873 $ 186,873 $ - $ 169,796 $ 17,896 96.7% 90.9%
0.0% 0.0%
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 155,118 155,118 155,119 153,519 153,519 - 153,519 (1,599) 100.07. 100.07.
TRANSFER $ 155,118 $ 155,118 $ 155,119 $ 153,519 $ 153,519 $ - $ 153,519 $ (1,599) 100.0% 100.0%
TOTAL EXPENDITURES $ 341,305 $ 324,095 $ 323,056 $ 340,392 $ 340,392 $ - $ 323,315 $ 16,297 98.3% 95.0%
"EXEMPLIFYING EXCELLENCE"
8
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"
9
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4BFUND
02:TOWN SHOPPING CENTER
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD%
SUPPLIES $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5403-02-00 BUILDING MAINTENANCE 30,240 30,240 26,036 23,592 23,592 - 25,928 (6,648) 82.37. 109.97.
MAINTENANCE $ 30,240 $ 30,240 $ 26,036 $ 23,592 $ 23,592 $ - $ 25,928 $ (6,648) 82.3% 109.9%
5530-02-00 ELECTRIC SERVICES 5,000 5,000 4,439 5,000 5,000 - 4,380 - 75.1% 87.6%
5545-02-00 INSURANCE-PROPERTY 8,500 8,500 10,075 8,500 8,500 - 6,347 - 118.5% 74.7%
5570-02-00 SPECIAL SERVICES 15,792 15,792 16,371 15,792 15,792 816 14,792 - 95.3% 93.7%
SUNDRY $ 29,292 $ 29,292 $ 30,885 $ 29,292 $ 29,292 $ 816 $ 25,519 $ - 98.6% 87.1%
TOTAL EXPENDITURES $ 59,532 $ 59,532 $ 56,922 $ 52,884 $ 52,884 $ 816 $ 51,447 $ (6,648) 90.3% 97.3%
"EXEMPLIFYING EXCELLENCE"
10
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"
11
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4BFUND
03:TOWN CENTER REDEVELOPMENT
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD%
SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5847-03-00 CONSTRUCTION 30,000 - - 30,000 30,000 - - 30,000 0.0% 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"
12
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"
13
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 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD
5580-04-00 ENGINEERING SERVICES - - 22,552 - - - - - #DIV/01 141.7%
SUNDRY $ - $ - $ 22,552 $ - $ - $ - $ - $ - 0.0% 0.0%
DEBT $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5800-04-00 LAND 150,000 35,000 12,057 150,000 150,000 101,192 101,192 115,000 #DIV/01 142.8%
CAPITAL $ 150,000 $ 35,000 $ 12,057 $ 150,000 $ 150,000 $ 101,192 $ 101,192 $ 115,000 100.7% 142.8%
$ 150,000 $ 35,000 $ 34,609 $ 150,000 $ 150,000 $ 101,192 $ 101,192 $ 115,000 111.9% 156.6%
"EXEMPLIFYING EXCELLENCE'
14
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"
15
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
19:EDC413 CAPITAL BOND FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
CATEGORY BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD 7. YTD 7.
BEGINNING FUND BALANCE $ 38,357 $ 29,411 $ 29,411 $ 29,431 $ 29,429 $ 29,429 $ 29,429
INVESTMENT EARNINGS - 17 18 20 20 2 15 20 100.0% 76.1%
TOTAL REVENUES $ $ 17 $ 18 $ 20 $ 20 $ 2 $ 15 $ 20 100.07. 76.1%
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) $ 18 $ (24,980) $ (24,980) $ 2 $ 15
ENDING FUND BALANCE $ 13,357 $ 4,428 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 29,444
ADJUSTMENTS
FUND BALANCE AS?7.OF EXP 53.47. 17.77. N/A 17.87. 17.87. N/A N/A
RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - $ - $ -
RESERVE SURPLUS/(SHORTFALL) $ 13,357 $ 4,428 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 29,444
"EXEMPLIFYING EXCELLENCE"
1
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM SUMMARY
19:EDC413 CAPITAL BOND FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD%
4401-00-00 INVESTMENT INCOME - - 18 20 20 2 15 20 #DIV/01 76.1%
INVESTMENT EARNINGS $ - $ - $ 18 $ 20 $ 20 $ 2 $ 15 $ 20 #DIV/01 76.1%
TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTAL REVENUES $ - $ - $ 18 $ 20 $ 20 $ 2 $ 15 $ (250) #DIV/01 76.1%
19:EDC413 CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
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 ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD%
MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
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% 0.0%
"EXEMPLIFYING EXCELLENCE"
2
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"
3
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
95:EDC413 RESERVE FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
CATEGORY BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD 7.
BEGINNING FUND BALANCE $ 119,914 $ 119,903 $ 119,903 $ 119,919 $ 119,922 $ 119,920 $ 119,922
INVESTMENT EARNINGS 52 52 19 16 16 4 40 (36) 32.7% 248.8%
TOTAL REVENUES $ 52 $ 52 $ 19 $ 16 $ 16 $ 4 $ 40 $ (36) 32.77. 248.87.
TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.07.
REVENUES OVER EXPENDITURES $ 52 $ 52 $ 19 $ 16 $ 16 $ 4 $ 40
ENDING FUND BALANCE $ 119,966 $ 119,955 $ 119,922 $ 119,935 $ 119,938 $ 119,924 $ 119,962
ADJUSTMENTS - - - - -
FUND BALANCE AS 7.OF EXP 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
RESERVE SURPLUS/(SHORTFALL) $ 7,360 $ 7,349 $ 7,316 $ 7,329 $ 7,332 $ 7,318 $ 7,356
"EXEMPLIFYING EXCELLENCE"
1
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE REM SUMMARY
95:EDC4B RESERVE FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD V YTD 7.
4401-00-00 INVESTMENT INCOME 52 52 19 16 16 4 40 (36) 32.77o 248.8%
INVESTMENT EARNINGS $ 52 $ 52 $ 19 $ 16 $ 16 $ 4 $ 40 $ (36) 32.77. 248.87.
OTHER AGENCY $ $ $ $ $ $ $ $ - 0.07. 0.0%
TOTAL REVENUES $ 52 $ 52 $ 19 $ 16 $ 16 $ 4 $ 40 $ (36) 32.7% 248.8%
95:EDC413 RESERVE FUND
FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 CURRENT FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED ACTUAL PROPOSED AMENDED MONTH ACTUAL CHANGE YTD% YTD 7.
TRANSFERS $ $ $ $ $ $ $ $ 0.07. 0.07.
TOTAL EXPENDITURES $ $ $ $ $ $ $ $ 0.0% 0.07.
"EXEMPLIFYING EXCELLENCE"
2
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"
3
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: October 27, 2015
Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A.
I. Subject:
Village Creek
B. TownCenter
C. Chamber Report
D. ICSC
II. Originated by:
Bob Hart
III. Summary:
The Director will provide an update on these items.
• Village Creek
• TownCenter
• Chamber Report
• ICSC
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: October 27, 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. 5409 Kennedale Road
2. 1200 Block Bowman Springs Road
3. 6900 Block Kennedale Parkway
II. Originated by:
Bob Hart
III. Summary:
These items will be discussed during the Executive Session.
• 5409 Kennedale Road
• 1200 Block Bowman Springs Road
• 6900 Block Kennedale Parkway
IV. Recommendation:
V. Alternative Actions:
VI. Attachments: