2016_05.13 EDC Packet )c
KENNEDALE
Kennedale Economic
Development Corporation
www.c i tyofkenn edal e.c om
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - SPECIAL MEETING
May 13, 2016
JURY ROOM, 405 MUNICIPAL DRIVE
12:00 PM
I. CALL TO ORDER
II. ROLL CALL
III. REGULAR ITEMS
A. Approval of Resolution 6 of the Economic Development Corporation authorizing the exchange of
property
IV. 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 May 13, 2016, 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 cretary
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: May 13, 2016
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Approval of Resolution 6 of the Economic Development Corporation authorizing the exchange of
property
II. Originated by:
Bob Hart
III. Summary:
The Economic Development Corporation Board of Directors will review and consider approval
of Resolution 6 for the Richards property land exchange.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. lResolution 6 lResolution 6. df
RESOLUTION NO. 6
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE KENNEDALE
ECONOMICE DEVELOPMENT CORPORATION AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE DOCUMENTS RELATED TO THE CONTRACT FOR THE
EXCHANGE OF PROPERTY WITH DOUGLAS S. RICHARDS AND RELIABLE
CONSULTANTS, INC.
WHEREAS, the Kennedale Economic Development Corporation wishes to
exchange property with Douglas S. Richards owner of two parcels of real property
situated in Tarrant County, Texas, described in Exhibit "A"; and
WHEREAS, the Kennedale Economic Development Corporation wishes to
exchange property with Reliable Consultants, Inc., of which Douglas S. Richards serves
as Director and President, and owner of a parcel of real property situated in Tarrant
County, Texas, described in Exhibit "B"; and
WHEREAS, the Kennedale Economic Development Corporation owns a parcel
of real property in Tarrant County, Texas, described in Exhibit "C", and wishes to
exchange such property for properties listed in Exhibits "A" and "B"; and
WHEREAS, the parties acknowledge and agree that the exchange of properties
described herein is equally beneficial to all parties.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE KENNEDALE ECONOMIC DEVELOPMENT CORPORATION:
SECTION 1. That the Executive Director is authorized to sign all necessary
documents related to the exchange of real property between the Kennedale Economic
Development Corporation, Douglas S. Richards, and Reliable Consultants, Inc.
PASSED AND APPROVED by the Board of Directors of the Kennedale
Economic Development Corporation on this 13th day of May, 2016.
APPROVED:
Robert Mundy, President
ATTEST:
Kathy Moore, Deputy City Secretary
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