2016_11.01 EDC MinutesI. CALL TO ORDER
President Mundy called the meeting to order at 7:00 p.m.
He noted that the October 25th meeting was rescheduled for tonight.
II. ROLL CALL
Present: Michael Johnson, Robert Mundy, Pat Turner, Ronald Whitley, Mark Yeary
Absent: Adrienne Kay, Rebecca Carlton
111. MINUTES APPROVAL
A. Consider approval of the minutes from the September 27, 2016 regular meeting
Motion To approve the September 27, 2016 Economic Development Corporation meeting
minutes. Action Approve, Moved By Pat Turner, Seconded By Ronald Whitley.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for September 2016
Finance Director Krystal Crump provided a short overview for the September 2016 Financial
Report for the Economic Development Corporation. Krystal stated that interest and the
administration fund have not been recorded for the month of September due to some technical
difficulties encountered with Tarrant County. She noted that sales tax has exceeded
expectations and there were no major expenditures in September.
Motion To approve the September 2016 Finance Report for the Economic Development
Corporation. Action Approve, Moved By Michael Johnson, Seconded By Mark Yeary.
Motion passed Unanimously
B. Discuss and consider action regarding the extension of Orasi Development and Chamber of
Commerce management agreements
Executive Director Bob Hart stated that the agreement with Orasi Development and the
Kennedale Chamber of Commerce expired at the end of September; and action is required by
the Economic Development Board regarding the extension of the agreement. Bob stated that
he recommends a one -year extension with no changes to the current agreement.
Motion To extend the current agreement with Orasi Development and the Kennedale
Chamber of Commerce for one -year with no changes to the agreement. Action Approve,
Moved By Pat Turner, Seconded By Mark Yeary.
Motion passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. Oak Crest Development
B. TownCenter
C. Chamber of Commerce Report
Executive Director Bob Hart stated that he would discuss the Oak Crest Development during
executive session. Bob continued with the TownCenter stating that the Dickie's BBQ / Chicken
Express building was underway and that McDonald's will have their Grand Opening on
Saturday, November 5th.
Jack Thompson, Orasi Development reported that attendance has been good at the Chamber
luncheons with an average of fifty attendees; adding that Senator Konni Burton and State
Representative Bill Zedler spoke at the October Luncheon and Congressman Joe Barton is
scheduled to speak in November. Jack reminded everyone of the annual golf tournament
scheduled for Monday, November 7, 2016; adding that most Chamber activities are winding
down until the new year. Pat Turner questioned his progress for the Economic Development
Corporation; Jack replied that he would discuss that during the executive session. Jack
reported that McDonald's has joined the Chamber.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:07 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. Hospitality Project
2. 1170 Kennedale Parkway
3. 503 E. Kennedale Parkway
4. Oak Crest Redevelopment
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reconvened into open session at 7:49 p.m.
There was action concerning the purchase of half a lot at 825 Corry A. Edwards Drive to be used
for a land exchange for property located at 108 S. New Hope Road. The exchange of property is
for the purpose of widening New Hope Road, and no cost will be incurred by the Economic
Development Corporation in association with this land exchange.
Motion To approve authorization to purchase half a lot at 825 Corry A. Edwards Drive for the
land exchange of property at 108 S. New Hope Road for the purpose of widening New Hope
Road, at no cost to the Economic Development Corporation.
Action Approve, Moved By Pat Turner, Seconded By Ronald Whitley.
Motion passed Unanimously
The next regularly scheduled meeting of the Economic Development Corporation is November
22, 2016.
VIII. ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Michael Johnson, Seconded By Mark Yeary.
Motion passed Unanimously
The meeting was adjourned at 7:58 p.m.
APPROVED::
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Vice- President Pat Turner
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D putNCUi Se cretary Kathy E. Moore