2016_07.26 EDC Packet )c
KENNEDALE
Kennedale Economic
Development Corporation
www.c i tyof lc enn ed a l e.c o m
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
July 26, 2016
CITY COUNCIL CHAMBERS, 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 June 28, 2016 special meeting
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for June 2016
B. Public Hearing relative to the intention to participate in "Projects," as defined in the Development
Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6,
including, but not limited to, designing, acquiring, improving, and operating the following:
1. "TownCenter Project," Operations/Management/Marketing of a "mid-city" downtown district
including but not limited to the commercial, medical, retail, entertainment, food truck park, farmers
market, land acquisition and (New Urbanism style, typically higher density/ multi-storied)
residential growth of TownCenter Kennedale and its surrounding area;
2. "Redevelopment Project,"The development of new and renovation of existing
commercial/residential and municipal /KEDC projects designed to enhance Kennedale's lifestyle
and quality of life;
3. "TownCenter Beautification Project,"The further
development/beautification/landscaping/upgrading of the TownCenter Kennedale area and its
adjoining Plaza;
4. "Arts Project," The planning, implementation, and operation of City Festivals and Events;
5. "Sign Project," The construction of a new Kennedale Entranceway Monument Sign at a site
TBD, and/or directional signs;
6. "Parkway Project," The creation & implementation of Kennedale Parkway, Village Creek, and I-
20 commercial and residential Urban Renewal/ Development/Redevelopment/ Revitalization /
Access and Safety Studies / Economic Incentives /Beautification plans /Kennedale Parkway
Landscape /Sidewalks and actual projects derived from these plans, including Consultation,
Planning, Legal, and Engineering Services;
7. "Development Project,"The Creation of a Tax Increment Reinvestment Zone (TIRZ)
and Municipal Management District (MMD) including Consultation, Planning, Legal, and
Engineering Services;
8. "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding and
attracting new Kennedale projects and businesses;
9. "Grant Project," The continuation of the existing Revitalization Grant Program and funding for
fagade, landscaping, and/or signage improvements;
10. "Industrial Expansion Project," Industrial expansion and recruitment program, including loans,
fee waivers, incentive payments, driveway and access construction, street construction, and land
leases;
11. "Industrial Recruitment Project,"The recruitment of new and retention of existing Kennedale
industrial businesses and development/redevelopment of industrial park(s), including but not
limited to rail spurs, infrastructure, and office parks, etc.;
12. "Hotel Project," The attraction and development of a hotel, including land acquisition, site
development, financing, land lease, studies, and ownership investment;
13. "Transit Project," The attraction and development of DFW Metroplex area commuter transit/
light rail/mass transportation services, including land acquisition, the development of a
Kennedale rail station and related improvements;
14. "Landbank Project,"The purchase /leasing /sale or other means of transfer of real estate land
and properties for the accomplishment of the above designated projects;
15. "Village Creek Project," The development of Village Creek Park, including land acquisition,
recreation facility development, water quality enhancement features, and related flood control and
water quality studies;
16. "Oak Crest Development," The land acquisition and site development for the Oak Crest area,
including utility extension, street improvements, consultation, plans, legal and engineering services;
17. "Financing Project," The issuance, purchase, sale, or other means of transfer of Bonds and
other debt instruments designed to fund the above objectives including, but not limited to
implementing a Tax Increment Reinvestment Zone (TIRZ) District/ Municipal Management District
(MMD)/Texas Leverage Fund and mixed-use project(s) development/redevelopment;
18. "Staff Support Project," Contractual staff services;
19. "Hotel/Motel Tax Administration," Manage the administration of the collection and expenditure
of the hotel/motel occupancy tax in accordance with chapter 351 of the Texas Tax Code;
20. "Administrative Project,"All necessary services and related expenses for the above projects
including but not limited to project master-planning; engineering; alternate energy sources; project
advertising /marketing; related consultant and legal services; new construction / remodeling /
maintenance of landscaping, roadways, City/KEDC owned or leased buildings, and their related
improvements.
V. STAFF ANNOUNCEMENTS/REPORTS
A. Oak Crest Development
B. TownCenter
C. Library- SCORE Program
D. Chamber of Commerce Report
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 81 7.985.2102 1 Fax: 817-478-7169
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. 536 and 600 Bowman Springs Road
2. 1200 Block Bowman Springs Road
3. 6900 Block Kennedale Parkway
4. TownCenter Building Pad 5
5. Hospitality Project
6. 1170 Kennedale Parkway
7. Oak Crest Development Related Properties
8. Lease of 6828 Oak Crest Drive W.
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 July 26, 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
405 Municipal Drive, Itennedale, TX 76060 1 Telephone: 81 7.985.2102 1 Fax: 817-478-7169
B
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: July 26, 2016
Agenda Item No: MINUTES APPROVAL - A.
I. Subject:
Consider approval of the minutes from the June 28, 2016 special 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 - June 28, 2106 6-28-16. df
_jc
KENNEDALE
Kennedale Economic
Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
June 28, 2016
I. CALL TO ORDER
President Mundy called the meeting to order at 7:00 p.m.
II. ROLL CALL
Present: Michael Johnson, Adrienne Kay, Robert Mundy, Mark Yeary
Absent: Rebecca Mowell, Ronald Whitley, Pat Turner
III. MINUTES APPROVAL
A. Consider approval of the minutes from the April 26, 2016 regular meeting
Motion To approve the April 26, 2016 Economic Development Corporation minutes.
Action Approve, Moved By Michael Johnson, Seconded By Mark Yeary.
Motion passed Unanimously
B. Consider approval of the minutes from the May 13, 2016 special meeting
Motion To approve the May 13, 2016 Economic Development Corporation special meeting
minutes. Action Approve, Moved By Adrienne Kay, Seconded By Mark Yeary.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for April 2016
B. Review and accept the KEDC Financial Report for May 2016
Finance Director Krystal Crump provided an overview for the April and May 2016 Financial
Reports for the Economic Development Corporation. She stated that the EDC currently has a
negative cash balance; noting sales tax was down due to the end of a large contract that FWT
had. Krystal added that payment was made to H2O Supply for their 2015 sales tax rebate; and
that the FY 2015/16 operating budget is close to where it should be. Additionally, she informed
the Board that Red's Roadhouse is current on their rental agreement. They are now renting
the facility as a banquet hall, which seems to be a successful concept for them.
Motion To approve the April and May 2016 Finance Reports for the Economic Development
Corporation. Action Approve, Moved By Michael Johnson, Seconded By Adrienne Kay.
Motion passed Unanimously
C. Consider approval of the replacement of the air conditioner at Dollar General in TownCenter
Executive Director Bob Hart stated that Dollar General needs a new air conditioner and they
will pay for the new unit if the EDC will pay for the installation.
Motion To approve the replacement of the air conditioning unit at the Dollar General in
TownCenter. Action Approve, Moved By Michael Johnson, Seconded By Mark Yeary.
Motion passed Unanimously
D. Consider EDC grant for facade and sign improvements for Nancy's Liquor at 1302
Kennedale Parkway
Executive Director Bob Hart stated that the owner of Nancy's Liquor approached him regarding
a grant for exterior improvements to the building and sign. He noted that improvements to the
building have already begun on both the exterior and the interior. Bob added that the
suggested amount for the grant is $25,000; with the owner paying 75 percent of the cost of
improvements to the fagade and the sign and the EDC paying 25 percent, up to $25,000. Bob
informed the Board that the sign is not in compliance and there are two options to correct the
problem. The sign can either be moved back 100 feet off Kennedale Parkway or lowered to the
proper height requirements.
President Robert Mundy stated that he would want the Economic Development Corporation to
have a say in the design of the sign, if grant money is approved for the project. Board member
Mike Johnson agreed. Robert expressed concerns about cash flow to pay for the grant. Bob
Hart suggested that we help bring the sign into compliance. The Board agreed to help with the
sign; but would like to see the design before they voted on an amount to be paid.
Motion To Table. Action Table, Moved By Robert Mundy, Seconded By Mark Yeary.
Motion to Table Unanimous
V. STAFF ANNOUNCEMENTS/REPORTS
A. Oak Crest Development
B. TownCenter
C. Village Creek
D. ICSC Meeting
F. Joint City Council Meeting
G. Chamber of Commerce Report
Executive Director Bob Hart stated that we closed on the Dreamers property and the EDC now
owns 100 percent of the land needed to proceed with the development of Oak Crest.
Continuing, he informed the group that City Attorney Wayne Olson is preparing a cross access
agreement for the Sun Holdings/QT joint accesses.
Director Hart provided updates on activities at TownCenter stating that they are ready to issue
permits for Dickeys and building 5. He added that we encountered a slight delay due to
architectural changes; however we should break ground in July.
Director Hart stated that there were no changes at Village Creek to report.
Jack Thompson, Orasi Development, provided an update on the International Council of
Shopping Centers (ICSC), noting that there was high energy this year. Jack continued with the
Chamber report stating that Mike Snyder spoke at the June luncheon regarding the upcoming
presidential election. Additional items of interest included the Linkedln luncheon, the June
lunch and learn, and the Camp Gladiator ribbon cutting. In closing, Jack stated that there will
be no July luncheon, and that Chamber activities will resume their normal schedule in August.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:53 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. 536 and 600 Bowman Springs Road
2. 1200 Block Bowman Springs Road
3. 6900 Block Kennedale Parkway
4. TownCenter Building Pad 5
5. Hospitality Project
6. 1170 Kennedale Parkway
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reconvened into open session at 8:18 p.m.
No action was necessary pursuant to the Executive Session.
The July meeting is scheduled to be held on July 26, 2016.
VIII. ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Adrienne Kay, Seconded By Michael Johnson.
Motion passed Unanimously
The meeting was adjourned at 8:20 p.m.
APPROVED: ATTEST:
President Robert Mundy Deputy City Secretary Kathy E. Moore
B
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: July 26, 2016
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Review and accept the KEDC Financial Report for June 2016
II. Originated by:
Finance Director, Director of Finance & IT
Bob Hart
III. Summary:
Finance Director, Krystal Crump will provide an overview of the June 2016 Kennedale Economic
Development Corporation Financial Report.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. JJune 2016 Monthly Financials 016 06 Monthly Financials. df
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY
Budget Amendment
No amendments.
Monthly Information
Sales Taxes are slightly exceeding budget expectations and prior year numbersto date.
No out of the ordinary expenditures during month.
Functional Grant line item-paid out property taxes for H&Oand paying out salestaxesfor H2O per
380 agreements.
Engineering Sarviceswas adjusted for Shield servicespaid for by EDC($46K)
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
ADDI11 ONAL I N FORM All ON
FUND 15-OPERATING FUND(ALLBILLSAND REVENUEFECBVED IN THIS FUND)
FUND 19-C RTALBOND FUND(FEMAININGC RTALMONEY)
FUND 95- PESB:?\/E FUND FOR DEBT FEW FEM BAIT;
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
EDC CASH POSITION
FY14-15 FY15-16 CURRENT FY15-16
CATEGORY ACTUAL PROPOSED MONTH YTD
BEGINNING CASH BALANCE-FUND 15 $ 177,198 $ 90,295 $ (45,805) $ 90,295
BEGINNING TEXPOOL BALANCE-FUND 15 $ 19 $ 19 $ 19 $ 19
BEGINNING TEXPOOL BALANCE-FUND 19 $ 29,429 $ 29,444 $ 29,493 $ 29,444
BEGINNING CASH BALANCE-FUND 95 $ 119,922 $ 119,962 $ 120,069 $ 119,962
TOTAL REVENUES $ 650,469 $ 912,036 $ 50,204 $ 373,814
TOTAL EXPENDITURES $ 733,118 $ 711,842 $ 93,304 $ 589,421
CHANGE IN CASH DURING PERIOD $ (86,848) $ 200,166 $ (46,943) $ (182,887)
ENDING CASH BALANCE-FUND 15 $ 90,295 $ 315,449 $ (92,769) $ (92,769)
ENDING TEXPOOL BALANCE-FUND 15 $ 19 $ 19 $ 19 $ 19
ENDING TEXPOOL BALANCE-FUND 19 $ 29,444 $ 4,456 $ 29,501 $ 29,501
ENDING CASH BALANCE-FUND 95 $ 119,962 $ 119,962 $ 120,082 $ 120,082
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
ALL EDC FUNDS
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET
CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
BEGINNING FUND BALANCE $ 417,161 $ 376,091 $ 258,442 $ 120,934 $ 293,441
AD VALOREM TAXES 37,681 38,075 48,062 9,495 13,821 0 28.8% 34,241
SALES/BEVERAGE TAXES 222,745 457,222 350,000 28,065 219,877 15,209 62.8% 130,123
INVESTMENT EARNINGS 84 112 80 22 250 40 312.3% (170)
MISCELLANEOUS INCOME 41,722 57,546 384,120 3,334 34,261 - 8.9% 349,859
SURPLUS SALES/RENTALS 86,987 97,515 129,774 9,289 105,605 (4,918) 81.4% 24,169
TOTAL REVENUES $ 389,218 $ 650,469 $ 912,036 $ 50,204 $ 373,814 $ 10,331 41.07. $ 538,222
SUPPLIES 4,505 4,625 3,100 5,110 5,110 - 164.8% (2,010)
MAINTENANCE 24,601 39,375 23,592 2,759 15,161 64.3% 8,431
SUNDRY 148,659 243,725 210,258 79,589 244,164 (19,764) 116.1% (33,906)
DEBT 160,768 169,796 166,374 4,573 153,055 (3,475) 92.0% 13,319
TRANSFERS 153,519 153,519 153,519 - 151,919 (0) 99.0% 1,600
CAPITAL 20,887 122,078 155,000 1,274 20,012 (887) 12.9% 134,988
TOTAL EXPENDITURES $ 512,938 $ 733,118 $ 711,842 $ 93,304 $ 589,421 $ (24,127) 82.8% $ 122,422
REVENUES OVER EXPENDITURES $(123,720) $ (82,649) $ 200,194 $ (43,099) $(215,606)
ENDING FUND BALANCE $ 293,441 $ 293,441 $ 458,635 $ 77,835 $ 77,835
ADJUSTMENTS
FUND BALANCE AS%OF EXP 57.2% 40.0% 64.4% 83.4% 13.2%
RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ -
RESERVE SURPLUS/(SHORTFALL) $ 293,441 $ 293,441 $ 458,635 $ 77,835 $ 77,835
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC4B FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET
INCOME STATEMENT YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
OPERATING REVENUES 389,134 650,357 911,956 50,183 373,565 10,291 (1) 538,392
OPERATING EXPENDITURES (359,419) (579,600) (533,324) (93,304) (437,502) 24,126 0 (95,822)
OPERATING INCOME/(LOSS) 29,715 70,758 378,633 (43,121) (63,938) 34,418 (1) 442,570
NONOPERATING REVENUES/(EXPENSES)
INTEREST EARNINGS 45 57 40 72 36 2 (32)
TRANSFERS IN - - - - - - -
(TRANSFEROUT) (153,519) (153,519) (153,519) (151,919) 0 (1) (1,600)
NET OPERATING INCOME/(LOSS) (123,759) (82,704) 225,154 (43,121) (215,784) 34,454 (0) 440,938
BEGINNING FUND BALANCE $267,794 $226,740 $ 109,049 $(28,627) $144,036
ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $144,036 $144,036 $ 334,203 $(71,748) $(71,748)
95:EDC413 RESERVE FUND $ 119,938 $ 119,977 $ 119,977 $ 120,082 $ 120,082
19:EDC413 CAPITAL BOND FUND $ 54,449 $ 4,456 $ 4,456 $ 29,501 $ 29,501
ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $318,422 $268,468 $ 458,635 $ 77,835 $ 77,835
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC411 FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY OF BUDGET BUDGET
CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
BEGINNING FUND BALANCE $ 267,794 $ 226,740 $ 109,049 $ (28,627) $ 144,036
AD VALOREM TAXES 37,681 38,075 48,062 9,495 13,821 0 28.8% 34,241
SALES/BEVERAGE TAXES 222,745 457,222 350,000 28,065 219,877 15,209 62.8% 130,123
INVESTMENT EARNINGS 45 57 40 - 72 36 180.6% (32)
MISCELLANEOUS INCOME 41,722 57,546 384,120 3,334 34,261 - 8.9% 349,859
SURPLUS SALES/RENTALS 86,987 97,515 129,774 9,289 105,605 (4,918) 81.4% 24,169
TOTAL REVENUES $ 389,179 $ 650,414 $ 911,996 $ 50,183 $ 373,637 $ 10,327 41.0% $ 538,359
SUPPLIES 4,505 4,625 3,100 5,110 5,110 - 164.8% (2,010)
MAINTENANCE 24,601 39,375 23,592 2,759 15,161 64.3% 8,431
SUNDRY 148,659 243,725 210,258 79,589 244,164 (19,764) 116.1% (33,906)
DEBT 160,768 169,796 166,374 4,573 153,055 (3,475) 92.0% 13,319
TRANSFERS 153,519 153,519 153,519 - 151,919 (0) 99.0% 1,600
CAPITAL 20,887 122,078 130,000 1,274 20,012 (887) 15.4% 109,988
TOTAL EXPENDITURES $ 512,938 $ 733,118 $ 686,842 $ 93,304 $ 589,421 $ (24,127) 85.87. $ 97,422
REVENUES OVER EXPENDITURES $(123,759) $ (82,704) $ 225,154 $ (43,121) $(215,784)
ENDING FUND BALANCE $ 144,036 $ 144,036 $ 334,203 $ (71,748) $ (71,748)
ADJUSTMENTS
FUND BALANCE AS%OF EXP 28.17. 19.6% 48.7% -76.9% -12.27.
RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ -
RESERVE SURPLUS/(SHORTFALL) $ 144,036 $ 144,036 $ 334,203 $ (71,748) $ j71,748)
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC4B FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
4002-00-00 MMD TAX-CURRENT YEAR 37,681 38,075 48,062 9,495 13,821 0 28.8% 34,241
AD VALOREM TAXES $ 37,681 $ 38,075 $ 48,062 $ 9,495 $ 13,821 $ 0 28.87o $ 34,241
4081-00-00 SALES TAX 222,745 457,222 350,000 28,065 219,877 15,209 62.8% 130,123
SALES/BEVERAGE TAXES $222,745 $457,222 $ 350,000 $ 28,065 $219,877 $ 15,209 62.87. $ 130,123
4401-00-00 INVESTMENT INCOME 45 57 40 - 72 36 180.6% (32)
INVESTMENT EARNINGS $ 45 $ 57 $ 40 $ - $ 72 $ 36 180.67. $ (32)
4409-00-00 MISCELLANEOUS INCOME 41,722 57,546 384,120 3,334 34,261 - 8.9% 349,859
MISCELLANEOUS INCOME $ 41,722 $ 57,546 $ 384,120 $ 3,334 $ 34,261 $ 8.97. $ 349,859
4805-00-00 RENTAL FEES-SHOPPING CENTER 86,767 97,271 121,274 7,938 103,574 (4,918) 85.4% 17,700
4806-00-00 RENTAL INSURANCE 219 244 8,500 1,350 2,032 23.9% 6,468
SURPLUS SALES/RENTALS $ 86,987 $ 97,515 $ 129,774 $ 9,289 $105,605 $ (4,918) 81.4% $ 24,169
TRANSFERS $ - $ - $ $ - $ - $ - 0.0% $ -
TOTAL REVENUES $389,179 $650,414 $ 911,996 $ 50,183 $373,637 $ 10,327 41.0% $ 538,359
TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $389,134 $650,357 $ 911,956 $ 50,183 $373,565 $ 10,291
10%ADMIN CHARGE-GENERAL FUND 38,913 65,036 91,196 5,018 37,356 1,029
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15: EDC413 FUND
FY15-16
PROPOSED
4002-00-00 MMD TAX-CURRENT YEAR BASED ON FY13/14 ASSESSED VALUEOF 48,062
$2,783,693 AND TOTAL TAX 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
4081-00-00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 350,000 350,000
3 YEARS OF HISTORY
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 40 40
BALANCE/INTEREST RATE:
4409-00-00 MISCELLANEOUS INCOME SALE OF 1121 WEST KENNEDALE 360,000 384,120
PARKWAY
(APACHE/NACHO/FOX/WHEELER/HUN
DE PURCHASED FY09/10) - 3RD
PADSITE,4TH PADSITE REMAININC
MONTHLY FEE FROM CHAMBER FOR 24,000
SERVICES ($2000 MONTH)
MONTHLY FEE FROM CHAMBER PER 120
RENTALAGREEMENT($10 MONTH) PLUS
100 DEPOSIT
4411-00-00 TX LEVERAGE PROG REIMBURSEMENTS PRINCIPAL & INTEREST PAYMENTS -
RECEIVED FROM GROVER TO
REIMBURSE THE STATE EDC FOR $1.7M
LOAN
4805-00-00 RENTAL FEES-SHOPPING CENTER CHICKEN EXPRESS ($2518 MONTH, 22,662 121,274
RELOCATION JUL 2013, LEASE EXPIRES
05/31/17,GOES TO$0 UPON MOVE)
DOLLAR GENERAL ($4719 MONTH, 56,628
LEASE EXPIRES 07131117, 2%
MANAGEMENT FEE FOR AT RENEWA
BUILDING ONE VACANT ($8400 -
MONTH, LEASE EXPIRES 05/31/16, 2%
MANAGEMENT FEE FOR AT RENEWAL)
PREPAID TENANT FEES RECEIVED BUT 41,984
CORRESPONDING OFFSET OCCURS
WHEN BOOKED AGAINST CAM
EXPENSES (EXCLUDES RENTAL
INSURANCE CAM
4806-00-00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE 8,500 8,500
AGREEMENTS AND THEN USED TO PAY
TML INSURANCE (OFFSETTING EXPENSE
UNDER TOWN SHOPPING CENTER)
TOTAL REVENUES $ 911,996
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC4B FUND
01:ADMINISTRATION
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
5240-01-00 PRINTED SUPPLIES 4,505 4,505 3,000 5,110 5,110 170.3% (2,110)
5260-01-00 GENERAL OFFICE SUPPLIES - - 50 - - 0.0% 50
5261-01-00 POSTAGE - 120 50 - - 0.0% 50
SUPPLIES $ 4,505 $ 4,625 $ 3,100 $ 5,110 $ 5,110 $ 170.37. $ (2,010)
5440-01-00 OFFICE EQUIP/SOFTWARE MAINT 1,368 - - - - 0.0%
MAINTENANCE $ 1,368 $ $ $ $ $ 0.07o $
5501-01-00 ADVERTISING - 359 1,200 - 0.0% 1,200
5510-01-00 ASSOC DUES/PUBLICATIONS 4,655 4,755 4,020 5,086 126.5% (1,066)
5525-01-00 TRAINING/SEMINARS - - 250 - 0.0% 250
5565-01-00 LEGAL SERVICES - 9,700 1,000 2,312 3,212 (8,700) 321.2% (2,212)
5567-01-00 AUDIT SERVICES 2,000 2,000 2,000 - 2,000 100.0% -
5570-01-00 SPECIAL SERVICES 59,582 82,708 72,600 (3,048) 73,142 (15,000) 100.7% (542)
5578-01-00 TRAVEL 70 70 100 - - 0.0% 100
5580-01-00 ENGINEERING SERVICES 9,135 17,038 1,000 46,460 53,610 (10,000) 5361.0% (52,610)
5595-01-00 ADMIN CHARGE-GENERAL FUND 38,713 60,557 91,196 5,018 35,439 6,336 38.9% 55,757
5610-01-00 VISUAL GRANT - - - - 4,843 - 0.0% (4,843)
5615-01-00 FUNCTIONAL GRANT 12,744 39,097 - 27,308 46,895 (37,744) 0.0% (46,895)
SUNDRY $ 126,900 $ 216,284 $ 173,366 $ 78,050 $ 224,227 $ (65,108) 129.376 $ (50,861)
5800-01-00 LAND 20,887 20,887 - 1,274 1,274 (20,887) 0.0% (1,274)
CAPITAL $ 20,887 $ 20,887 $ $ 1,274 $ 1,274 $ (20,887) 0.0% $ (1,274)
TOTAL EXPENDITURES $ 153,660 $ 241,795 $ 176,466 $ 84,434 $ 230,610 $ (85,995) 130.77. $ (54,145)
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15: EDC4B FUND
01:ADMINISTRATION
FY15-16
PROPOSED
5240-01-00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY - 3,000
EDC COPIES/BROCHURES 3,000
CITY MARKETING FLYERS/AERIAL PHOTOS -
5260-01-00 GENERAL OFFICE SUPPLIES FILES/FOLDERS/PAPER/PENCILS 50 50
5261-01-00 POSTAGE FOR MAIL OUTS/MARKETING PACKAGES 50 50
5280-01-00 MINOR EQUIP/SMALLTOOLS<$5K ADDITIONAL EQUIPMENT ASSOCIATED WITH -
PRESENTATIONS/MARKETING
5290-01-00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING
9/11 MEMORIAL
5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - -
5501-01-00 ADVERTISING PROMOTIONAL ADVERTISING, LEGAL NOTICES 1,200 1,200
AND BUDGET HEARING AD 1200
5510-01-00 ASSOC DUES/PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT 200 4,020
COMMISSION
CITY($1875) &EDC ($675) KENNEDALE 2,550
CHAMBER MEMBERSHIP
DALLAS CHAMBER ($870) & TX MONTHLY 1,270
ECONOMIC GUIDE AD ($0), DALLAS CHAMBER
MAP ADD 400
5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS 250 250
ASSOCIATIONS BY BOARC
5565-01-00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC 1,000 1,000
RELATED PROJECTS (I.E., HOTEL, OTHER
POTENTIAL OPPORTUNITIES'
5567-01-00 AUDIT SERVICES PATILLO, BROWN & HILL SERVICES FOR 2,000 2,000
INDEPENDENT ANNUAL AUDIT (FYI 1/12 $1500,
FY12/13 $1500, FY13/14 $2K, FY14/15 $2K,
FY15 16 2250
5570-01-00 SPECIAL SERVICES TOW N CENTER CONSULTING FIRM 66,000 72,600
(APPROXIMATELY $5500/MONTH BEGINNING
JUL 2014, TO INCLUDE $3500 FOR EDC
SERVICES, $2000 FOR CHAMBER SERVICES) -
$2000 DIRECT REVENUE OFFSET FROM
CHAMBER EACH MONTH
CONTRACT WITH MUNISERVICES FOR SALES TAX
AUDIT SERVICES, 35% CONTINGENCY IF
REALLOCATIONS ARE UNCOVERED DUE TO
REPORTING ERRORS (APPLIES TO FIRST 8
CONSECUTIVE REPORTING QUARTERS
FOLLOWING CORRECTION, SHARED 75%
CITY/%25 EDC)
WEBSITE MAINTENANCE BY CONSULTANT 6,600
550/MONTH
5575-01-00 EQUIPMENT RENTAL -
5578-01-00 TRAVEL TRAVEL RELATED TO OTHER EDC 100 100
TRAINING/SEMINARS BY STAFF/BOARS
5580-01-00 ENGINEERING TIED TO POTENTIAL ACTIVITIES/PROJECTS (I.E., 1,000 1,000
HOTEL ETC.
5585-01-00 TELEPHONE SERVICES - -
5595-01-00 ADMIN CHARGE-GENERAL FUND CHARGE FOR SERVICES PROVIDED BY 91,196 91,196
GENERAL FUND RESOURCES (10% TOTAL
REVENUES EXCLUDING INTEREST RANSFERS
5615-01-00 FUNCTIONAL GRANT -
5701-01-00 TRANSFER OUT-GENERAL FUND
5800-01-00 LAND
TOTAL EXPENDITURES $ 176,466
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC413 FUND
01:ADMINISTRATION
03:DEBT SERVICE
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
5643-01-03 2007$1.2M TAX BOND-INTEREST 65,625 65,625 62,203 62,135 (3,475) 99.9% 68
5644-01-03 2007$1.2M TAX BOND-PRINCIPAL 50,000 50,000 50,000 50,000 - 100.0% -
5645-01-03 2011 $1.7M TX LEVERAGE-INT 14,271 17,024 15,798 1,395 11,790 (1,226) 74.6% 4,008
5646-01-03 2011 $1.7M TX LEVERAGE-PRI 30,872 37,147 38,373 3,177 29,130 1,226 75.9% 9,242
DEBT $160,768 $169,796 $ 166,374 $ 4,573 $153,055 $ (3,475) 92.07o $ 13,319
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 153,519 153,519 153,519 - 151,919 (0) 99.0% 1,600
TRANSFER $153,519 $153,519 $ 153,519 $ - $151,919 $ (0) 99.07. $ 1,600
TOTAL EXPENDITURES $314,287 $323,315 $ 319,893 $ 4,573 $304,974 $ (3,475) 95.37. $ 14,919
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15: EDC413 FUND
O1:ADMINISTRATION
03: DEBT SERVICE
FY15-16
PROPOSED
5620-01-03 ISSUANCE COSTS AGENT FEES TO HANDLE BOND
AMORTIZATIONS
5621-01-03 PAYING AGENT FEES FEES RELATED TO THE ACQUISITION OF
NEW DEBT (BANK/BOND
ATTORNEY/FINANCIAL ADVISOR). BANK
IS PAYING AGENT IN PRIVATE
PLACEMENT AND GENERALLY DOES
NOT CHARGE.
5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 11/01 31,102 62,203
DU E 05/01 31,102
5644-01-03 2007$1.2M TAX BOND-PRINCIPAL DUE 05/01 50,000 50,000
5645-01-03 2011 $1.7M TX LEVERAGE-INT DUE BY 1ST OF EACH MONTH (BEGINS 15,798 15,798
11/01/2011
5646-01-03 2011 $1.7M TX LEVERAGE-PRI DUE BY 1ST OF EACH MONTH (BEGINS 38,373 38,373
11/01/2011
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND DUE 1 1/01 INTEREST 2010 $2.OM CO 36,759 153,519
BOND
DUE 05/01 INTEREST 2010 $2.OM CO 36,759
BOND
DUE 05/01 PRINCIPAL : 2010 $2.OM CO 80,000
BOND
TOTAL EXPENDITURES $ 319,893
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC4B FUND
02:TOWN SHOPPING CENTER
FY14-15 FY14-15 FYI 5-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
5403-02-00 BUILDING MAINTENANCE 23,233 39,375 23,592 2,759 15,161 64.3% 8,431
MAINTENANCE $ 23,233 $ 39,375 $ 23,592 $ 2,759 $ 15,161 $ 64.37o $ 8,431
5530-02-00 ELECTRIC SERVICES 3,568 5,297 5,000 423 3,773 75.5% 1,227
5545-02-00 INSURANCE-PROPERTY 6,347 6,347 8,500 - 6,121 72.0% 2,379
5570-02-00 SPECIAL SERVICES 11,844 15,797 13,392 1,116 10,044 75.0% 3,348
SUNDRY $ 21,759 $ 27,441 $ 26,892 $ 1,539 $ 19,937 $ 74.1% $ 6,955
TOTAL EXPENDITURES $ 44,992 $ 66,816 $ 50,484 $ 4,297 $ 35,098 $ 69.57o $ 15,386
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15: EDC413 FUND
02:TOWN SHOPPING CENTER
FY15-16
PROPOSED
5403-02-00 BUILDING MAINTENANCE WATER ($350/MONTH) 4,200 23,592
FIRE SPRINKLER-CAM ($150/QUARTER) 600
LANDSCAPE/MATERIALS-CAM
($1 166/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 8,500 8,500
MUNICIPAL LEAGUE (CHICKEN
EXPRESS/DOLLAR GENERAL BUILDING
ON TML SCHEDULE, ALL OTHER
BUILDINGS CARRIED ON CYPRESS
5570-02-00 SPECIAL SERVICES PROPERTY/ASSET MANAGEMENT ($500 6,000 13,392
PER MONTH)
SEP 2015 - FEB 2017:SUBWAY$150,ACE 7,392
$466 OR $7392 FY 15/16 - FY 16/17
ANNUAL
MAR 2017-AUG 2018:SUBWAY$150 OR -
1800 FY17 18 ANNUAL
TOTAL EXPENDITURES $ 50,484
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC4B FUND
03:TOWN CENTER REDEVELOPMENT
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
5580-03-00 ENGINEERING SERVICES 10,000 10,000 0.0% 10,000
SUNDRY $ $ $ 10,000 $ $ $ 10,000 0.0% $ 10,000
5847-03-00 CONSTRUCTION 80,000 80,000 0.0% 80,000
CAPITAL $ $ $ 80,000 $ $ $ 80,000 0.0% $ 80,000
$ $ $ 90,000 $ $ $ 90,000 0.0% $ 90,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15: EDC413 FUND
03:TOWN CENTER REDEVELOPMENT
FY15-16
PROPOSED
5580-03-00 ENGINEERING SERVICES PARKING LOT MODIFICATION 10,000 10,000
5847-03-00 CONSTRUCTION CHICKEN EXPRESS BUILDING HEALTH 5,000 80,000
INSPECTIONS/ASBESTOS SURVEY
CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000
CHICKEN EXPRESS PARKING LOT MODIFICATION
50,000
TOTAL EXPENDITURES :,1 90,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15:EDC4B FUND
04:TEXAS LEVERAGE PROGRAM
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
5800-04-00 LAND 101,192 50,000 18,739 (60,000) 37.5% 31,261
CAPITAL $ $ 101,192 $ 50,000 $ $ 18,739 $ (60,000) 37.57. $ 31,261
$ $ 101,192 $ 50,000 $ $ 18,739 $ (60,000) 37.5% $ 31,261
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
15: EDC4B FUND
04:TEXAS LEVERAGE PROGRAM
FY15-16
PROPOSED
5800-00-00 LAND HOTELPROPERTY 50,000 50,000
TOTAL EXPENDITURES $ 50,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
19:EDC4B CAPITAL BOND FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY OF BUDGET BUDGET
CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
BEGINNING FUND BALANCE $ 29,434 $ 29,429 $ 29,441 $ 29,493 $ 29,444
INVESTMENT EARNINGS 10 15 15 9 57 (5) 381.9% (42)
TOTAL REVENUES $ 10 $ 15 $ 15 $ 9 $ 57 $ (5) 381.97. $ (42)
CAPITAL - - 25,000 - - - 0.0% 25,000
TOTAL EXPENDITURES $ - $ - $ 25,000 $ - $ - $ 0.07. $ 25,000
REVENUES OVER EXPENDITURES $ 10 $ 15 $ (24,985) $ 9 $ 57
ENDING FUND BALANCE $ 29,444 $ 29,444 $ 4,456 $ 29,501 $ 29,501
ADJUSTMENTS
FUND BALANCE AS%OF EXP N/A N/A 17.87. N/A N/A
RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $
RESERVE SURPLUS/(SHORTFALL) $ 29,444 $ 29,444 $ 4,456 $ 29,501 $ 29,501
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
19:EDC4B CAPITAL BOND FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
4401-00-00 INVESTMENT INCOME 10 15 15 9 57 (5) 381.9% (42)
INVESTMENT EARNINGS $ 10 $ 15 $ 15 $ 9 $ 57 $ (5) 381.97o $ (42)
TOTAL REVENUES $ 10 $ 15 $ 15 $ 9 $ 57 $ (5) 381.97o $ (42)
19:EDC4B CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY 76 OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
5847-01-00 CONSTRUCTION 25,000 0.0% 25,000
CAPITAL $ $ $ 25,000 $ $ $ 0.076 $ 25,000
TOTAL EXPENDITURES $ $ $ 25,000 $ $ $ 0.076 $ 25,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
19: EDC4B CAPITAL BOND FUND
FY15-16
PROP
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 15
BALANCE INTEREST RATE,'
TOTAL REVENUES
19: EDC4B CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
FY15-16
PROPQUD-
5847-01-00 CONSTRUCTION WATER TANK IN TOWNCENTER 25,000 25,000
TOTAL EXPENDITURES $ 25,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
95:EDC4B RESERVE FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET
CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
BEGINNING FUND BALANCE $ 119,933 $ 119,922 $ 119,952 $ 120,069 $ 119,962
INVESTMENT EARNINGS 29 40 25 13 120 9 481.4% (95)
TOTAL REVENUES $ 29 $ 40 $ 25 $ 13 $ 120 $ 9 481.47. $ (95)
TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ 0.0% $
REVENUES OVER EXPENDITURES $ 29 $ 40 $ 25 $ 13 $ 120
ENDING FUND BALANCE $ 119,962 $ 119,962 $ 119,977 $ 120,082 $ 120,082
ADJUSTMENTS - -
FUND BALANCE AS%OF EXP N/A N/A N/A N/A N/A
RESERVE($112,606 REQUIREMENT) $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606
RESERVE SURPLUS/(SHORTFALL) $ 7,356 $ 7,356 $ 7,371 $ 7,476 $ 7,476
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
95:EDC4B RESERVE FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
4401-00-00 INVESTMENT INCOME 29 40 25 13 120 9 481.4% (95)
INVESTMENT EARNINGS $ 29 $ 40 $ 25 $ 13 $ 120 $ 9 481.476 $ (95)
TOTAL REVENUES $ 29 $ 40 $ 25 $ 13 $ 120 $ 9 481.4% $ (95)
95:EDC4B RESERVE FUND
FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING
TRANSFERS $ $ $ $ $ $ 0.0% $
TOTAL EXPENDITURES $ $ $ $ $ $ 0.0% $
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
MONTHLY FINANCIALS
95: EDC413 RESERVE FUND
FY15-16
PROPOSED
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 25
BALANCE INTEREST RATES
TOTAL REVENUES
FY15-16
PROPOSED
TOTAL EXPENDITURES
"EXEMPLIFYING EXCELLENCE"
B
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: July 26, 2016
Agenda Item No: REGULAR ITEMS - B.
I. Subject:
Public Hearing relative to the intention to participate in "Projects," as defined in the Development
Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6,
including, but not limited to, designing, acquiring, improving, and operating the following:
1. "TownCenter Project," Operations/Management/Marketing of a "mid-city" downtown district including
but not limited to the commercial, medical, retail, entertainment, food truck park, farmers market, land
acquisition and (New Urbanism style, typically higher density/ multi-storied) residential growth of
TownCenter Kennedale and its surrounding area;
2. "Redevelopment Project," The development of new and renovation of existing
commercial/residential and municipal / KEDC projects designed to enhance Kennedale's lifestyle and
quality of life;
3. "TownCenter Beautification Project," The further development/beautification/landscaping/upgrading
of the TownCenter Kennedale area and its adjoining Plaza;
4. "Arts Project," The planning, implementation, and operation of City Festivals and Events;
5. "Sign Project," The construction of a new Kennedale Entranceway Monument Sign at a site TBD,
and/or directional signs;
6. "Parkway Project," The creation & implementation of Kennedale Parkway, Village Creek, and 1-20
commercial and residential Urban Renewal / Development/Redevelopment/ Revitalization /Access
and Safety Studies / Economic Incentives / Beautification plans / Kennedale Parkway Landscape /
Sidewalks and actual projects derived from these plans, including Consultation, Planning, Legal, and
Engineering Services;
7. "Development Project," The Creation of a Tax Increment Reinvestment Zone (TIRZ) and Municipal
Management District (MMD) including Consultation, Planning, Legal, and Engineering Services;
8. "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding and
attracting new Kennedale projects and businesses;
9. "Grant Project," The continuation of the existing Revitalization Grant Program and funding for
facade, landscaping, and/or signage improvements;
10. "Industrial Expansion Project," Industrial expansion and recruitment program, including loans, fee
waivers, incentive payments, driveway and access construction, street construction, and land leases;
11. "Industrial Recruitment Project," The recruitment of new and retention of existing Kennedale
industrial businesses and development/redevelopment of industrial park(s), including but not limited to
rail spurs, infrastructure, and office parks, etc.;
12. "Hotel Project," The attraction and development of a hotel, including land acquisition, site
development, financing, land lease, studies, and ownership investment;
13. "Transit Project," The attraction and development of DFW Metroplex area commuter transit/ light
rail / mass transportation services, including land acquisition, the development of a Kennedale rail
station and related improvements;
14. "Landbank Project," The purchase / leasing /sale or other means of transfer of real estate land
and properties for the accomplishment of the above designated projects;
15. "Village Creek Project," The development of Village Creek Park, including land acquisition,
recreation facility development, water quality enhancement features, and related flood control and
water quality studies;
16. "Oak Crest Development," The land acquisition and site development for the Oak Crest area,
including utility extension, street improvements, consultation, plans, legal and engineering services;
17. "Financing Project," The issuance, purchase, sale, or other means of transfer of Bonds and other
debt instruments designed to fund the above objectives including, but not limited to implementing a
Tax Increment Reinvestment Zone (TIRZ) District/ Municipal Management District (MMD) /Texas
Leverage Fund and mixed-use project(s) development/redevelopment;
18. "Staff Support Project," Contractual staff services;
19. "Hotel/Motel Tax Administration," Manage the administration of the collection and expenditure of
the hotel/motel occupancy tax in accordance with chapter 351 of the Texas Tax Code;
20. "Administrative Project," All necessary services and related expenses for the above projects
including but not limited to project master-planning; engineering; alternate energy sources; project
advertising / marketing; related consultant and legal services; new construction / remodeling /
maintenance of landscaping, roadways, City/ KEDC owned or leased buildings, and their related
improvements.
II. Originated by:
Finance Director, Director of Finance & IT
III. Summary:
The Economic Development Corporation will hold a public hearing to receive input regarding the
expenditure of funds for such Projects during a meeting to be held on Tuesday, July 26, 2016 at the
Kennedale Municipal Building, 405 Municipal Drive, Kennedale, TX at 7:00 p.m. The above listed
projects will require expenditure of funds collected from the 4B sales tax for Fiscal Year 2015-2016. If
the KEDC Board of Directors recommends approval of such Projects, the City Council will act on this
recommendation at a meeting scheduled on the 19th day of September 2016. Citizens are
encouraged to attend the public hearing for comments or may furnish written correspondence to the
City Secretary's Office, 405 Municipal Drive, Kennedale, TX 76060, prior to the hearing.
Staff will be present to receive comments from the public regarding any of this information.
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
B
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: July 26, 2016
Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A.
I. Subject:
Oak Crest Development
B. TownCenter
C. Library- SCORE Program
D. Chamber of Commerce Report
II. Originated by:
Bob Hart
III. Summary:
The Director will provide an update on these items.
• Oak Crest Development
• TownCenter
• Library - SCORE Program
• Chamber of Commerce Report
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
B
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: July 26, 2016
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. 536 and 600 Bowman Springs Road
2. 1200 Block Bowman Springs Road
3. 6900 Block Kennedale Parkway
4. TownCenter Building Pad 5
5. Hospitality Project
6. 1170 Kennedale Parkway
7. Oak Crest Development Related Properties
8. Lease of 6828 Oak Crest Drive W.
II. Originated by:
Bob Hart
III. Summary:
These items will be discussed during the Executive Session.
• 536 and 600 Bowman Springs Road
• 1200 Block Bowman Springs Road
• 6900 Block Kennedale Parkway
• TownCenter Building Pad 5
• Hospitality Project
• 1170 Kennedale Parkway
• Oak Crest Development Related Properties
• Lease of 6828 Oak Crest Drive W.
IV. Recommendation:
V. Alternative Actions:
VI. Attachments: