2017_03.28 EDC Packet ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
March 28, 2017
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 February 28, 2017 regular meeting
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for February 2017.
B. Discuss and consider action for the approval of bids for demolition of existing building and land
restoration to include paving at Pad 4 of TownCenter, currently occupied by Chicken Express
C. Discuss and consider action for the approval of the Economic Development Director attending the
SCR Commercial Trade Exposition.
V. STAFF ANNOUNCEMENTS/REPORTS
A. TownCenter
B. Oak Crest
C. Chamber of Commerce
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. Hospitality Project
2. Oak Crest Development
3. TownCenter Property
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 March 28, 2017, 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.
�kxe. Xla.-r��'LJGtr
Leslie Galloway, City 816cretary
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: March 28, 2017
Agenda Item No: MINUTES APPROVAL - A.
I. Subject:
Consider approval of the minutes from the February 28, 2017 regular 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 - February 28, 2017 -28-17. df
_jc
KENNEDALE
Kennedale Economic
Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
February 28, 2017
I. CALL TO ORDER
President Mundy called the meeting to order at 7:00 p.m.
II. ROLL CALL
Present: Michael Johnson, Rebecca Carlton, Robert Mundy, Pat Turner, Ronald Whitley, Mark
Yeary
Absent: Adrienne Kay
III. MINUTES APPROVAL
A. Consider approval of the minutes from the January 24, 2017 regular meeting
Motion To approve the January 24, 2017 Economic Development Corporation meeting
minutes. Action Approve, Moved By Rebecca Carlton, Seconded By Ronald Whitley.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Reports for December 2016 and January 31, 2017.
Finance Director Krystal Crump provided an overview of the December 2016 and the January
31, 2017 financial reports for the Economic Development Corporation.
Motion To approve the December 2016 and January 2017 finance reports for the Economic
Development Corporation. Action Approve, Moved By Rebecca Carlton, Seconded
By Ronald Whitley.
Motion passed Unanimously
B. Discuss and consider action for approval of Economic Development Corporation
Independent Auditor's Report for year ended September 30, 2016.
Finance Director Krystal Crump presented the Economic Development Corporation
Independent Auditor's report for fiscal year 2015-16. She reviewed the unmodified opinion and
the fund balance changes.
Motion To approve the FY 2015-2016 Kennedale Economic Development Corporation
Independent Auditor's Report as presented. Action Approve, Moved By Rebecca Carlton,
Seconded By Pat Turner.
Motion passed Unanimously
C. Discuss and consider approval for the purchase and installation of a "For Sale" sign at 1109
W. Kennedale Parkway
Economic Development Director Jack Thompson requested approval to purchase a sign to
install at 1109 West Kennedale Parkway (south of Link Street) for the purpose of selling this
KEDC owned property. The bids received were discussed.
Motion To approve the purchase from Real Estate Media of a V shaped sign for the property
located at 1109 W. Kennedale Parkway. Action Approve, Moved By Pat Turner, Seconded
By Ronald Whitley.
Motion passed Unanimously
V. STAFF ANNOUNCEMENTS/REPORTS
A. TownCenter
B. Chamber of Commerce Report
Director Jack Thompson reported on ongoing projects. Jack stated that the buildings at
TownCenter are coming along and have moved into the interior finish-out. He anticipates an
April opening. Additionally, he is working on bids for the demolition of the existing Chicken
Express building, which will be demolished in May and repave the parking ground. Option for
removing graffiti from the South wall of building one was discussed.
Jack reported that the Kennedale Chamber March luncheon will be on March 22nd with Judge
Hayes as the speaker. Additional items of interest included updates for the Chamber's annual
Clay Shoot; Legislative Day for Kennedale; and in April, a chamber sponsored forum with the
city council election candidates.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:29 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. Oak Crest Development
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reconvened into open session at 8:40 p.m.
Motion To authorize the Kennedale Economic Development Director to bid on the property at
6810 Oak Crest Drive West up to $25,000. Action Approve, Moved By Pat Turner, Seconded
By Michael Johnson.
Motion passed Unanimously
The Board agreed to move their March meeting to March 21s' to avoid conflict with the March
28th Kennedale Legislative Day in Austin, Texas.
VIII. ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Michael Johnson.
Motion passed Unanimously
The meeting was adjourned at 8:45 p.m.
APPROVED: ATTEST:
President Robert Mundy Deputy City Secretary Kathy E. Moore
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: March 28, 2017
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Review and accept the KEDC Financial Report for February 2017.
II. Originated by:
III. Summary:
EDC Director, Jack Thompson provide an overview of the February 28, 2017 Kennedale Economic
Development Corporation Financial Report.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. IKEDC February 2017 Financials 017 02 Monthly Financials. df
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY
Budget Amendment
No amendments.
Monthly Information
Sales Taxes are trending over budgeted projections
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
ADDITIONAL INFORMATION
FUND 15-OPERATING FUND (ALL BILLS AND REVENUE RECEIVED IN THIS FUND)
FUND 19- CAPITAL BOND FUND (REMAINING CAPITAL MONEY)
FUND 95- RESERVE FUND FOR DEBT REQUIREMENTS
"YOU'RE HERE. YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
EDC CASH POSITION FEBRUARY
CURRENT FY16-17
CATEGORY MONTH YTD
BEGINNING CASH BALANCE - FUND 15 $ 46,504 $ 46,504
BEGINNING TEXPOOL BALANCE - FUND 15 $ . $ -
BEGINNING TEXPOOL BALANCE - FUND 19 $ 29,574 $ 29,574
BEGINNING CASH BALANCE - FUND 95 $ 120,220 $ 120,220
BEGINNING CASH BALANCE - TOTAL $ 196,297 $ 196,297
ENDING CASH BALANCE - FUND 15 $ 75,250 $ 75,250
ENDING TEXPOOL BALANCE - FUND 15 $ . $
ENDING TEXPOOL BALANCE - FUND 19 $ 29,586 $ 29,586
ENDING CASH BALANCE - FUND 95 $ 120,255 $ 120,255
ENDING CASH BALANCE - TOTAL $ 225,091 $ 225,091
UNAVAILABLE CASH - EARMARKED
INSURANCE MONEY-HAIL DAMAGE TOWN CENTER $ 74,417.31
2010$2.OM BOND SALE REMAINING CASH $ 29,586.21
RESERVES FOR LEVERAGE NOTE $ 120,255.14
TOTAL UNAVAILABLE CASH $ 224,258.66
AVAILABLE CASH $ 832.26
"YOU'RE HERE. YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
COMBINED EDC413 FUNDS SUMMARY
FY15-16 FY15-16 FY16-17 FY16-17 CURRENT FY16-17 CY-PY %OF PY BUDGEIOF CY BUDGI BUDGET
CATEGORY YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
BEGINNING FUND BALANCE $313,866 $313,866 $ 248,862 $ 223,530 $ 197,368 $223,522
AD VALOREM TAXES 2,753 34,335 48,462 48,462 393 1,966 400 8.0% 4.1% 46,496
SALES/BEVERAGE TAXES 97,452 376,545 349,351 349,351 35,267 92,846 (649) 25.9% 26.6% 256,505
INVESTMENT EARNINGS 135 333 260 260 66 223 180 40.5% 85.7% 37
MISCELLANEOUS INCOME 11,143 115,841 435,796 435,796 4,495 46,691 51,676 9.6% 10.7% 389,105
SURPLUS SALES/RENTALS 64,323 100,606 99,358 99,358 7,999 39,993 (30,416) 63.9% 40.3% 59,365
TOTAL REVENUES $175,806 $627,660 $ 933,227 $ 933,227 $ 48,219 $181,719 $ 21,191 28.0% 19.5% $ 751,509
SUPPLIES - 5,110 3,100 3,100 - - - 0.0% 0.0% 3,100
MAINTENANCE 5,530 19,709 95,403 95,403 1,710 7,967 71,811 28.1% 8.4% 87,436
SUNDRY 73,804 353,786 291,959 291,959 13,486 84,269 91,701 20.9% 28.9% 207,689
DEBT 53,663 166,773 168,600 168,600 4,627 52,242 2,226 32.2% 31.0% 116,357
TRANSFERS 35,959 151,919 154,819 154,819 - 34,909 1,300 23.7% 22.5% 119,909
CAPITAL 20,707 90,000 90,000 (75,000) 0.0% 0.0% 90,000
TOTAL EXPENDITURES $168,956 $718,004 $ 803,880 $ 803,880 $ 19,823 $179,388 $ 92,038 23.5% 22.3% $ 624,492
REVENUES OVER EXPENDITUI $ 6,849 $ (90,344) $ 129,347 $ 129,347 $ 28,396 $ 2,330
ENDING FUND BALANCE $320,715 $223,522 $ 378,209 $ 352,877 $ 225,764 $225,852
FUND BALANCE AS%OF EXP 189.8% 31.1% 47.0% 43.9% 1138.9% 125.9
RESERVE($115,000)REQUIRE $ - $ - $ 115,000 $ - $ - $ -
RESERVE SURPLUS/(SHORTFJ $320,715 $223,522 $ 263,209 $ 352,877 $ 225,764 $225,852
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
FY15-16 FY15-16 FY16-17 FY16-17 CURRENT FY16-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
CATEGORY YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
BEGINNING FUND BALANC $164,460 $164,460 $ 99,198 $ 73,861 $ 47,662 $ 73,861
AD VALOREM TAXES 2,753 34,335 48,462 48,462 393 1,966 400 8.0% 4.1% 46,496
SALES/BEVERAGE TAXES 97,452 376,545 349,351 349,351 35,267 92,846 (649) 25.9% 26.6% 256,505
INVESTMENT EARNINGS 51 78 40 40 18 43 - 65.5% 106.3% (3)
MISCELLANEOUS INCOME 11,143 115,841 435,796 435,796 4,495 46,691 51,676 9.6% 10.7% 389,105
SURPLUS SALES/RENTALS 64,323 100,606 99,358 99,358 7,999 39,993 (30,416) 63.9% 40.3% 59,365
TOTAL REVENUES $175,722 $627,405 $ 933,007 $ 933,007 $ 48,171 $181,538 $ 21,011 28.0% 19.5% $751,469
SUPPLIES - 5,110 3,100 3,100 - - - 0.0% 0.0% 3,100
MAINTENANCE 5,530 19,709 95,403 95,403 1,710 7,967 71,811 28.1% 8.4% 87,436
SUNDRY 73,804 353,786 291,959 291,959 13,486 84,269 91,701 20.9% 28.9% 207,689
DEBT 53,663 166,773 168,600 168,600 4,627 52,242 2,226 32.2% 31.0% 116,357
TRANSFERS 35,959 151,919 154,819 154,819 - 34,909 1,300 23.7% 22.5% 119,909
CAPITAL - 20,707 90,000 90,000 - - (50,000) 0.0% 0.0% 90,000
TOTAL EXPENDITURES $168,956 $718,004 $ 803,880 $ 803,880 $ 19,823 $179,388 $117,038 23.5% 22.3% $624,492
REVENUES OVER EXPENDI $ 6,765 $ (90,599) $ 129,127 $ 129,127 $ 28,348 $ 2,150
ENDING FUND BALANCE $171,225 $ 73,861 $ 228,324 $ 202,987 $ 76,011 $ 76,011
FUND BALANCE AS%OFE 101.3% 10.3% 28.4% 25.3% 383.4% 42.4%
RESERVE(NO REQUIREME $ - $ - $ - $ - $ - $ -
RESERVE SURPLUS/(SHOR $171,225 $ 73,861 $ 228,324 $ 202,987 $ 76,011 $ 76,011
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
FYI 5-16 FYI 5-16 FY16-17 FYI 6-17 CURRENT FYI 6-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
ACCOUNT ACCOUNTNAME YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
4002-00-00 MMD TAX-CURRENT YEAR 2,753 34,335 48,462 48,462 393 1,966 400 8.0% 4.1% 46,496
AD VALOREM TAXES $ 2,753 $ 34,335 $ 48,462 $ 48,462 $ 393 $ 1,966 $ 400 8.0% 4.1% $ 46,496
4081-00-00 SALES TAX 97,452 376,545 349,351 349,351 35,267 92,846 (649) 25.9% 26.6% 256,505
SALES/BEVERAGE TAXES $ 97,452 $376,545 $ 349,351 $ 349,351 $ 35,267 $ 92,846 $ (649) 25.9% 26.6% $256,505
4401-00-00 INVESTMENT INCOME 51 78 40 40 18 43 65.5% 106.3% (3)
INVESTMENT EARNINGS $ 51 $ 78 $ 40 $ 40 $ 18 $ 43 $ - 65.5% 106.3% $ (3)
4409-00-00 MISCELLANEOUS INCOME 11,143 115,841 435,796 435,796 4,495 46,691 51,676 9.6% 10.7% 389,105
MISCELLANEOUS INCOME $ 11,143 $ 115,841 $ 435,796 $ 435,796 $ 4,495 $ 46,691 $ 51,676 9.6% 10.7% $389,105
4805-00-00 RENTAL FEES-SHOPPING CEM 63,888 98,580 98,612 98,612 7,938 39,692 (22,662) 64.8% 40.3% 58,920
4806-00-00 RENTAL INSURANCE 435 2,026 746 746 60 301 (7,754) 21.5% 40.3% 445
SURPLUS SALES/RENTALS $ 64,323 $ 100,606 $ 99,358 $ 99,358 $ 7,999 $ 39,993 $(30,416) 63.9% 40.3% $ 59,365
TOTAL REVENUES $ 175,722 $627,405 $ 933,007 $ 933,007 $ 48,171 $ 181,538 $ 21,011 28.0% 19.5% $751,469
'ENUES(EXCLUDING INTEREST/TRANSFERS) $ 175,671 $627,327 $ 932,967 $ 932,967 $ 48,153 $ 181,496 $ 21,011
10%ADMIN CHARGE-GENERAL FUND 17,567 62,733 93,297 93,297 4,815 18,150 2,101
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
01:ADMINISTRATION
FY15-16 FY15-16 FY16-17 FY16-17 CURRENT FY16-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
ACCOUNT ACCOUNTNAME YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
5240-01-00 PRINTED SUPPLIES - 5,110 3,000 3,000 - 0.0% 0.0% 3,000
5260-01-00 GENERAL OFFICE SUPPI 50 50 0.0% 0.0% 50
5261-01-00 POSTAGE 50 50 0.0% 0.0% 50
SUPPLIES $ $ 5,110 $ 3,100 $ 3,100 $ $ $ - 0.0% 0.0% $ 3,100
5501-01-00 ADVERTISING 210 2,200 2,200 1,000 0.0% 0.0% 2,200
5510-01-00 ASSOC DUES/PUBLICATI 1,236 5,356 5,320 5,320 1,300 23.1% 0.0% 5,320
5525-01-00 TRAINING/SEMINARS - 525 250 250 - 0.0% 0.0% 250
5565-01-00 LEGAL SERVICES - 5,662 7,000 7,000 5,750 6,000 0.0% 82.1% 1,250
5567-01-00 AUDIT SERVICES 1,000 2,000 2,250 2,250 - 250 50.0% 0.0% 2,250
5570-01-00 SPECIAL SERVICES 33,077 140,283 68,650 68,650 5,129 39,745 (3,950) 23.6% 57.9% 28,905
5574-01-00 FILING FEES - - - - - 40 #DIV/0I #DIV/0I (40)
5575-01-00 EQUIPMENT RENTAL - - - #DIV/0I #DIV/0I -
5578-01-00 TRAVEL - 100 100 - - 0.0% 0.0% 100
5580-01-00 ENGINEERING SERVICE; - 55,070 6,000 6,000 1,903 1,903 5,000 0.0% 31.7% 4,098
5595-01-00 ADMIN CHARGE-GENER! 15,650 56,796 93,297 93,297 4,815 18,150 2,101 27.6% 19.5% 75,147
5610-01-00 VISUAL GRANT - 11,122 50,000 50,000 - - 50,000 0.0% 0.0% 50,000
5615-01-00 FUNCTIONAL GRANT 9,559 51,850 32,000 32,000 4,278 32,000 18.4% 13.4% 27,722
SUNDRY $ 60,521 $328,873 $ 267,067 $ 267,067 $ 11,847 $ 69,865 $ 93,701 18.4% 26.2% $197,202
5800-01-00 LAND - 1,968 - - - - - 0.0% 0.0% -
5813-01-00 KENNEDALE ENTRANCE 0.0% 0.0%
5820-01-00 BUILDING IMPROVEMEN 0.0% 0.0%
5875-01-00 CONSTRUCTION 0.0% 0.0%
CAPITAL $ - $ 1,968 $ $ - $ - $ - $ - 0.0% #DIV/0! $ -
TOTAL EXPENDITURES $ 60,521 $335,951 S 27-e,'.67 $ 270,167 $ 11,847 $ 69,865 $ 93,701 18.0% 25.9% $200,302
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
01:ADMINISTRATION
03:DEBT SERVICE
FY15-16 FY15-16 FY16-17 FY16-17 CURRENT FY16-17 CY-PY OF PY BUDGE OF CY BUDGE BUDGET
ACCOUNT ACCOUNTNAME YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
5643-01-03 2007$1.2M TAX BON D-INTE 31,034 62,135 58,728 58,728 29,325 (3,476) 49.9% 49.9% 29,402
5644-01-03 2007$1.2M TAX BOND-PRII - 50,000 55,000 55,000 - 5,000 0.0% 0.0% 55,000
5645-01-03 2011$1.7M TX LEVERAGE- 6,153 15,930 15,672 15,672 1,415 6,871 (126) 38.6% 43.8% 8,802
5646-01-03 2011$1.7M TX LEVERAGE- 16,476 38,709 39,200 39,200 3,212 16,047 827 42.6% 40.9% 23,153
DEBT $ 53,663 $166,773 $ 168,600 $ 168,600 $ 4,627 $ 52,242 $ 2,226 32.2% 31.0% $ 116,357
5702-01-03 TRANSFER OUT-DEBT SEF 35,959 151,919 154,819 154,819 34,909 1,300 23.7% 22.5% 119,909
TRANSFER $ 35,959 $151,919 $ 154,819 $ 154,819 $ - $ 34,909 $ 1,300 23.7% 22.5% $ 119,909
TOTAL EXPENDITURES $ 89,623 $318,692 $ 323,419 $ 323,419 $ 4,627 $ 87,152 $ 3,526 28.1% 26.9% $ 236,267
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
02:TOWN SHOPPING CENTER
FY15-16 FY15-16 FY16-17 FY16-17 CURRENT FY16-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
ACCOUNT ACCOUNTNAME YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
5403-02-00 BUILDING MAINTENA 5,530 19,709 95.403 95,403 1,710 7,967 71,811 28.1% 8.4% 87,436
MAINTENANCE $ 5,530 $ 19,709 $ 95,403 $ 95,403 $ 1,710 $ 7,967 $ 71,811 28.1% 8.4% $ 87,436
5530-02-00 ELECTRIC SERVICES 2,082 5,401 5.006 5,000 523 2,317 - 38.5% 46.3% 2,683
5545-02-00 INSURANCE-PROPEF 6,121 6,121 6.500 6,500 - 6,507 (2,000) 100.0% 100.1% (7)
5570-02-00 SPECIAL SERVICES 5,080 13,392 13.392 13,392 1,116 5,580 37.9% 41.7% 7,812
SUNDRY $ 13,283 $ 24,914 5 24,392 $ 24,892 $ 1,639 $ 14,405 $ (2,000) 53.3% 57.9% $ 10,487
TOTAL
EXPENDITURES $ 18,813 $ 44,622 ;: $ 120,295 $ 3,349 $ 22,372 $ 69,811 42.2% 18.6% $ 97,923
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
03:TOWN CENTER REDEVELOPMENT
FY15-16 FY15-16 FY16-17 FY16-17 CURRENIFY16-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
ACCOUNT ACCOUNTNAME YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
5580-03-00 ENGINEERING SERVI, 10,000 10,000 0.0% 0.0% 10,000
5847-03-00 CONSTRUCTION 80.000 80,000 0.0% 0.0% 80,000
CAPITAL $ $ $ 90,000 $ 90,000 $ $ $ 0.0% 0.0% $ 90,000
TOTAL
EXPENDITURES $ $ $ 90,000 $ 90,000 $ $ $ 0.0% 0.0% $ 90,000
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
15:EDC413 FUND
04:TEXAS LEVERAGE PROGRAM
FY15.16 FY15.16 FY16-17 FY16.17 CURRENIFY16.17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED 4MENDEE MONTH YTD CHANGE USED USED REMAINING
5800-04-00 LAND 18,739 (50,000) 0.0% 0.0%
CAPITAL $ $ 18,739 $ $ $ $ $ (50,000) 0.0% 0.0% $
TOTAL
EXPENDITURES $ $ 18,739 $ $ $ $ $ (50,000) 0.0% 0.0% $
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
19:EDC4B CAPITAL BOND FUND
FYI 5-16 FYI 5-16 F>.c FYI 6-17 FYI 6-17 CURRENT FYI 6-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
CATEGORY YTD ACTUAL AMENDED PROJECTED MONTH YTD CHANGE USED USED REMAINING
BEGINNING FUND BALANC$ 29,444 $ 29,444 $ 29,529 $ 29,529 $ 29,573 $ 29,529
INVESTMENT EARNINGS 24 85 60 13 57 45 27.7% 94.9% 3
TOTAL REVENUES $ 24 $ 85 $ S $ 60 $ $ 13 $ 57 $ 45 27.7% 94.9% $ 3
CAPITAL (25,000) 0.0% 0.0%
TOTAL EXPENDITURES $ - $ - $ $ - $ $ - $ - $ (25,000) 0.0% 0.0% $ -
REVENUES OVER EXPENE$ 24 $ 85 $ 60 $ 60 $ $ 13 $ 57
ENDING FUND BALANCE $ 29,468 $ 29,529 $ 29,584 $ 29,589 $ 29,529 $ 29,586 $ 29,586
FUND BALANCE AS% I N/A N/A NIA N/A N/A N/A N/A
RESERVE(NO REQUIREME$ - $ - $ - $ - $ - $ - $ -
RESERVE SURPLUS/(SHOI$ 29,468 $ 29,529 $ 29,584 $ 29,589 $ 29,529 $ 29,586 $ 29,586
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
19:EDC413 CAPITAL BOND FUND
FY15-16 FY15-16 `Y16-1 r' FY16-17 3URREN1FY16-17 CY-PY OF PY BUDGIOF CY BUDG BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL .A,0007= %MENDE[ MONTH YTD CHANGE USED USED REMAINING
4401-00-00 INVESTMENT INCOM 24 85 60 13 57 45 27.7% 94.9% 3
INVESTMENT EARNII $ 24 $ 85 `%, 6 $ 60 $ 13 $ 57 $ 45 27.7% 94.9% $ 3
TOTAL REVENUES $ 24 $ 85 60 $ 60 $ 13 $ 57 $ 45 27.7% 94.9% $ 3
19:EDC413 CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
FY15-16 FY15-16 FY16-17 FY16-17 3URREN1FY16-17 CY-PY OF PY BUDGIOF CY BUDG BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL .ADOPT l' %MENDE[ MONTH YTD CHANGE USED USED REMAINING
5847-01-00 CONSTRUCTION (25,000) 0.0% 0.0%
CAPITAL $ $ $ $ $ $(25,000) 0.0% 0.0% $
TOTAL EXPENDITUR $ $ $ $ $ $(25,000) 0.0% 0.0% $
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
95:EDC413 RESERVE FUND
FY15-16 FY15-16 FY16-17 FY16-17 CURRENT FY16-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET
CATEGORY YTD ACTUAL ADOPTED AMENDED MONTH YTD CHANGE USED USED REMAINING
BEGINNING FUND BALANCI $119,962 $119,962 $ 120,141 $ 120,141 $ 120,132 $120,132
INVESTMENT EARNINGS 60 170 160 160 35 123 135 35.5% 77.0% 37
TOTAL REVENUES $ 60 $ 170 $ 160 $ 160 $ 35 $ 123 $ 135 35.5% 77.0% $ 37
TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ - $ 0.0% 0.0% $
REVENUES OVER EXPENDI $ 60 $ 170 $ 160 $ 160 $ 35 $ 123
ENDING FUND BALANCE $120,022 $120,132 $ 120,301 $ 120,301 $ 120,168 $120,256
FUND BALANCE AS%OF E: N/A N/A N/A N/A N/A N/A
RESERVE($112,606 REQUIF $112,606 $112,606 $ 112,606 $ 112,606 $ 112,606 $112,606
RESERVE SURPLUS/(SHOR $ 7,416 $ 7,526 $ 7,695 $ 7,695 $ 7,562 $ 7,650
"YOU'RE HERE.YOUR HOME."
CITY OF KENNEDALE
ANNUAL PROGRAM OF SERVICES
FEBRUARY
95:EDC413 RESERVE FUND
FY15-16 FY15-16 PY16-17 FY16-17 3URREN1FY16-17 CY-PY OF PY BUDGIOF CY BUDG BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED %MENDE[ MONTH YTD CHANGE USED USED REMAINING
4401-00-00 INVESTMENT INCOM 60 170 i6c 160 35 123 135 35.5% 77.0% 37
INVESTMENT EARNI $ 60 $ 170 S 160 $ 160 $ 35 $ 123 $ 135 35.5% 77.0% $ 37
TOTAL REVENUES $ 60 $ 170 S 160 $ 160 $ 35 $ 123 $ 135 35.5% 77.0% $ 37
95:EDC413 RESERVE FUND
FY15-16 FY15-16 -Yl$-1,7 FY16-17 3URREN1FY16-17 CY-PY OF PY BUDGIOF CY BUDG BUDGET
ACCOUNT ACCOUNT NAME YTD ACTUAL ,'.DOPTED %MENDE[ MONTH YTD CHANGE USED USED REMAINING
TRANSFERS $ $ c - $ $ $ $ 0.0% 0.0% $
TOTAL EXPENDITUR $ $ s . $ $ $ $ 0.0% 0.0% $
"YOU'RE HERE.YOUR HOME."
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: March 28, 2017
Agenda Item No: REGULAR ITEMS - B.
I. Subject:
Discuss and consider action for the approval of bids for demolition of existing building and land
restoration to include paving at Pad 4 of TownCenter, currently occupied by Chicken Express
II. Originated by:
III. Summary:
As per a previous agreement with Hughes Commercial Real Estate and Development, the EDC will
have the old Chicken Express building demolished and pave the driveway in TownCenter. Attached
are the bids that have been received so far.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. 113id - S.L. Hayden Construction Inc. JDemo Bid. df
S . L. HAYDEN CONSTRUCTION INC.
National Commercial Contractors
S.L. Hayden Construction Inc. proposes the following for the demolition of
existing building and preparation for pad site#4 Kennedale Town Center:
Demolition .......... 27,320
Pad Site Prep ..........63,320
Total: $90,640.00
Asbestos abatement not included if required
Permits are allowance
Tap development and utility department fees by others
Project assumes standard excavation practices are acceptable
All hard rock excavating are at additional charge
Secondary conduit inclusive
Telephone conduit inclusive
Excludes fire or security systems
3 t5 5 [n .rs�at�35 W
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KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: March 28, 2017
Agenda Item No: REGULAR ITEMS - C.
I. Subject:
Discuss and consider action for the approval of the Economic Development Director attending the
SCR Commercial Trade Exposition.
II. Originated by:
III. Summary:
EDC Director Jack Thompson is requesting approval to attend the SCR Commercial Trade
Exposition on April 20, 2017. The expo will feature over 30 local EDC's and Major developers from
the North Texas area.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. JExpo Registration JExpo Exhibitor Registration.pdf
S Trade Expo
Commerci
Thursday, April 20 13 to 7 p.m . I Cendera Center
Join the Society of Commercial REALTORS® for their first Commercial Trade Expo at
Cendera Center! The Expo will feature over 30 local EDC's and major developers from
the North Texas area. Attendance is open to anyone involved in real estate industry.
it
I Y
Join us for deal making and networking on April 20t"!
Register in advance or on-site.
Expo Chair:
Wayne Burgdorf, Coldwell Banker Com-
mercial Advisors
Expo Committee:
Norma Crow, Rattikin Title Company
Stephen Fithian, SVN Trinity Advisors
" 1 Huck Newberry,The Newberry Company
. Graham Stiles, RE/MAX Trinity
` Mark Thielke,Affiliated Bank
-a Bill Tinsley, Ellis&Tinsley, Inc.
�'�'.► �
jib SVN
Interested in attending or having a booth at the SCR Commercial Trade Expo? Contact Alyssa
Born at a.born @gfwar.org or 817-336-5165 ext. 112.
Commerci* al
Trade Expo
Thursday., April 20 13 to 7 p.m. I Cendera Center
Booth Request Form
The SCR Commercial Trade Expo is Thursday, April 20 from 3 to 7 p.m. at the Cendera Center in Cendera Hall
(3600 Benbrook Highway, Fort Worth, Texas 76116). Set up the day of the Expo will be from noon to 2 p.m.,
and tear down will be from 7:30 to 9 p.m.
8x10 Booths cost $450 and include the following: Availability:
• Pipe & drape Booths are confirmed on a first-come, first served
• One 8' draped table basis
• Two chairs Payment must accompany this form
• Company ID sign SCR cannot guarantee that you will not be placed
• Logo included in marketing materials near a competitor
• Access to electricity
(power cords will not be provided) To reserve a booth:
• Exhibits must not extend beyond the booth Complete the form below and fax, mail or e-mail it to
SCR with a form of payment to:
Cancellations: Fax: 817-336-0083
Notify SCR immediately if you must cancel.All pay- E-mail: a.born @gfwar.org
ments are non-refundable and non-transferable Mailing address: 2650 Parkview Drive, Fort
Worth, TX 76102
Deadline:
Please submit your form and payment by 5 p.m. on For Questions:
Friday, March 31 For questions, contact Alyssa Born at 817-336-5165,
ext. 112, or a.born @gfwar.org.
Payment Confirmation
❑
Contact's Name: MasterCard ❑ Discover
❑ Check Enclosed ❑ American Express
(Payable to SCR) ❑ VISA
Company:
Billing Address: Card#:
City: State: Zip: Name on Card:
Phone: Exp. Date: CSC#:
E-mail: Signature:
Commerci* al
Trade Expo
Thursday, April 20 to 7 p.rn. Cendera Center
r _
Expo Registration Form
3.
The Society of Commercial REALTORS® Commercial Trade Expo is Thursday, April 20 from 3 to 7 p.m. at the
Cendera Center in Cendera Hall (3600 Benbrook Highway, Fort Worth, Texas 76116). The Expo will have over
30 booths featuring local EDC's and major developers from the North Texas area. The SCR Expo is a great op-
portunity for anyone involved in the commercial real estate and affiliated industries to learn about new develop-
ments in North Texas, find sites for upcoming projects, and network with others in the industry. Meet and make
deals on April 20th at the first ever Tarrant based Expo!
Cost: Non-members:
Registration is free to SCR members and $20 for Please fax this form to SCR at 817-336-0083, e-mail it
non-members and includes food, drinks, and door priz- to a.born @gfwar.org or mail it to 2650 Parkview Drive,
es. The deadline to register is 5pm on April 1. Reg- Fort Worth, TX 76102 with your payment.
istrations received after or walk-ins the day of will be
$20 for all regardless of membership. For Questions:
For questions, contact Alyssa Born at 817-336-5165,
To Register: ext. 112, or a.born @gfwar.org.
SCR members can register by going to our website at
www.scr-fw.org or filling out this form.
Payment Confirmation
❑
Contact's Name: MasterCard ❑ Discover
❑ Check Enclosed ❑ American Express
(Payable to SCR) ❑ VISA
Company:
Billing Address: Card#:
City: State: Zip: Name on Card:
Phone: Exp. Date: CSC#:
E-mail: Signature:
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: March 28, 2017
Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A.
I. Subject:
TownCenter
B. Oak Crest
C. Chamber of Commerce
II. Originated by:
Bob Hart
III. Summary:
The Director will provide an update on these items.
• TownCenter
• Chamber of Commerce Report
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: March 28, 2017
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. Hospitality Project
2. Oak Crest Development
3. TownCenter Property
II. Originated by:
III. Summary:
IV. Recommendation:
V. Alternative Actions:
VI. Attachments: