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2015_11.17 EDC MinutesECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS - REGULAR MEETING MINUTES November 17, 2015 I. CALL TO ORDER President Mundy called the meeting to order at 7:07 p.m. II. ROLL CALL Present: Michael Johnson, Mark Yeary, Pat Turner, Robert Mundy, Rebecca Mowell, Adrienne Kay Absent: Ronald Whitley III. MINUTES APPROVAL A. Consider approval of the minutes from the October 27, 2015 regular meeting Motion To approve the October 27, 2015 regular meeting minutes. Action Approve, Moved By Rebecca Mowell, Seconded By Mark Yeary. Motion passed Unanimously IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for October 2015. Finance Director, Krystal Crump provided a brief overview of the October 2015 Finance Report for the Economic Development Corporation. Motion To approve the August 2015 Economic Development Corporation Financial Report and budget amendments with corrections to the fund balance. Action Approve, Moved By Mark Yeary, Seconded By Mike Johnson. Motion passed Unanimously V. STAFF ANNOUNCEMENTS /REPORTS A. Village Creek B. TownCenter C. ICSC Meeting D. Chamber Report Director Bob Hart provided Board members with promotional literature from Hughes Commercial Real Estate & Development for TownCenter, noting that things were going very well. He added that a lease has been signed for a new dental office, which will open in February; Chicken Express has signed the lease for their new building; and Utopia Fitness still plans to open a branch at TownCenter. Bob concluded, stating that there were no new developments for Village Creek at this time. Board members discussed the timeline for the new buildings and parking issues. President Mundy informed the Board that he observed potential draining issues with the roof on the original building at TownCenter. Staff will pull files to see what type of warranty exist for the most recent roof repairs. Jack Thompson, Orasi Development stated that he attended the International Council of Shopping Centers (ICSC) Conference in Dallas, along with Craig Hughes, Hughes Commercial Real Estate and Development. He added that the conference had 3900 registered participants, and that they received several solid leads which they plan to pursue. Jack provided a Chamber update stating that Mayor Johnson spoke on U.S. Presidents at the November Chamber luncheon; he informed the group that they will not have a luncheon in December. Jack added that the Chamber's annual golf tournament had a record year; that they will be participating in the December Toy Drive with the Kennedale Fire Department; and that they have opened an online Chamber Store, VI. EXECUTIVE SESSION President Mundy recessed into executive session at 7:37 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. 1200 Block Bowman Springs Road 2. 6900 Block Kennedale Parkway 3. 5400 and 5404 Kennedale Road 4. 5401 High Ridge Road 5. 5409 Kennedale Road VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reconvened into open session at 8:07 p.m. No action was necessary pursuant to the Executive Session. The December meeting will be held on December 15, 2015, if deemed necessary. VIII. ADJOURNMENT The meeting was adjourned at 8:10 p.m. Motion To Adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Adrienne Motion passed Unanimously ��a\��O APPROVED: ATTEST: C OUNT , LJ President Robert u y *Deuty ecretary Kathy E. Moore