2016_03.22 EDC MinutesI. CALL TO ORDER
President Mundy called the meeting to order at 7:03 p.m.
I1. ROLL CALL
Present: Rebecca Mowell, Robert Mundy, Pat Turner, Mark Yeary, Michael Johnson
Absent: Adrienne Kay, Ronald Whitley
Marcel Terry, owner of One -2 -One Clothing was in attendance for the regular session of the
Economic Development Corporation meeting.
III. MINUTES APPROVAL
A. Consider approval of the minutes from the February 23, 2016 regular meeting
Pat Turner requested a change in the minutes stating that Robert Mundy was the committee
member who questioned the status of Red's Roadhouse. The minutes were corrected to
reflect the change.
Motion To approve the February 23, 2016 Economic Development Corporation minutes with
a name correction. Action Approve, Moved By Michael Johnson, Seconded By Mark Yeary.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for February 2016
Finance Director, Krystal Crump provided a brief overview of the February 2016 Finance
Report for the Economic Development Corporation. She stated that Red's Roadhouse was up
to date on their payment agreement. She added that sales tax revenue was doing very well
this year and that the City's March revenues were the best ever for that month.
Kennedale business owner Marcel Terry questioned who gets the fees collected for annual
business licenses. Krystal stated that the annual fees go to the City.
V. STAFF ANNOUNCEMENTS /REPORTS
A. Oak Crest Development
B. TownCenter
C. Chamber Report
Executive Director Bob Hart updated activities at TownCenter stating that the City is waiting for
final plans for the Dickies building; additionally, he noted that Dollar General currently has a
remodel underway. Bob announced that the next Tax Increment Reinvestment Zone (TIRZ)
meeting is scheduled for Monday, April 18 at 2:00 p.m.
For the Oak Crest development project, the State is requiring the City to extend the median
back to Link Street. The City made a formal request with TxDot to include the median as a
change order to the current sidewalk project. Bob concluded that this change is important to
the development of the Showtime property and that he hopes to accelerate the medians to
start work within the next few weeks.
Jack Thompson, Orasi Development, provided an update on Chamber activities noting that the
annual Clay Shoot is scheduled for April 1 at Alpine. He added that the meet - and -greet for
Tarrant County Commissioner Andy Nguyen on February 25 was well attended and he hopes
to make it an annual event; Jack added that at the April luncheon the Commissioner will
provide a State of the County address. Additional items of interest included updates to the
Chamber website, the Business After Hours event, and Chamber President -elect Becky
Mowell to take office effective June 1st.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:30 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. High Ridge Land Trade
4. TownCenter Building Pad 5
5. Watson Glass
6. 5409 Kennedale Street
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reconvened into open session at 8:10 p.m.
No action was necessary pursuant to the Executive Session.
The April meeting is scheduled to be held on April 26, 2016.
VIII. ADJOURNMENT
Motion To adjourn the March 22, 2016 Economic Development Corporation meeting.
Action Adjourn, Moved By Pat Turner, Seconded By Rebecca Mowell.
Motion passed Unanimously
The meeting was adjourned at 8:13 p.m.
APPROVED:
Pre`5ident Ro1ndy
ag` NE044, 'o
t
YX=
f : .;
4 /V
ATTEST:
j �,4 �.
Dep ty City ecretary Kathy E. Moore