2017_02.28 EDC Minutes)
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com 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
Ili. 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 22 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 $25,000. Action Approve, Moved By Pat Turner, Seconded
By Michael Johnson.
Motion passed Unanimously
The Board agreed to move their March meeting to March 21$ 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:
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Preside t Robert ndy
ATTEST:
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De uty Cit ecretary Kathy E. Moore