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2017_03.28 EDC Minutes) KENNEDALE Ke ECONOMIC DEVELOPMENT CORPORATION t Develoopmepme nt Economic Corporation wvvvvAtyorkennedale.com BOARD OF DIRECTORS - REGULAR MEETING MINUTES March 28, 2017 I. CALL TO ORDER President Mundy called the meeting to order at 7:05 p.m. II. ROLL CALL Present: Michael Johnson, Adrienne Kay, Rebecca Carlton, Robert Mundy, Ronald Whitley, Mark Yeary Absent: Pat Turner III. MINUTES APPROVAL A. Consider approval of the minutes from the February 28, 2017 regular meeting Motion To approve the February 28, 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 Report for February 2017. Economic Development Director Jack Thompson provided an overview of the February financial report. He stated that monthly sales tax was down slightly, with all other revenue funds doing well. He noted that expenditures have been low so far this fiscal year Motion To approve the February 2017 finance report for the Economic Development Corporation. Action Approve, Moved By Rebecca Carlton, Seconded By Mark Yeary. Motion passed Unanimously 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 This item was tabled until after the executive session since it involved the purchase, lease, or value of real property in the TownCenter. Motion To approve expenditures for the demolition of existing building and land restoration of Pad 4 in TownCenter in an amount not to exceed $60,000. Action Approve, Moved By Adrienne Kay, Seconded By Michael Johnson. Motion passed Unanimously C. Discuss and consider action for the approval of the Economic Development Director attending the SCR Commercial Trade Exposition. Economic Development Director Jack Thompson stated that the Society of Commercial Realtors (SCR) has an annual commercial trade event; this year the event will be held on April 20, 2017 at the Cendera Center in Fort Worth. Jack noted that the purpose for attending would be to promote properties that the EDC has for sale. President Robert Mundy stated that it is also a good way to make contact with commercial realtors. Jack agreed and added that it would also be an opportunity to market TownCenter. Jack informed the group that the cost for a booth is $450, and that he already has flyers to hand out, so there is no additional cost. Motion To approve the expenditure of $450 for attendance at the SCR Commercial Trade Exposition. Action Approve, Moved By Michael Johnson, Seconded By Adrienne Kay. Motion passed Unanimously V. STAFF ANNOUNCEMENTS /REPORTS A. TownCenter B. Oak Crest C. Chamber of Commerce Economic Director Jack Thompson provided an update on activities at TownCenter. He stated that building 5 is almost complete; Chicken Express has a soft opening planned at the beginning of April, and Dickey's will follow. He added that there has been quite a bit of interest in the Surplus Warehouse space. Additionally, the group discussed the possibility of adding some public art on the white brick wall which screens the dumpsters on Kennedale Parkway. Jack plans to follow up with Craig Hughes on this issue. Jack stated that the EDC acquired the property at 6820 Oak Crest at the recent Tarrant County Tax Auction. The Chamber of Commerce is busy working with local businesses, advocating for them with Kennedale Legislative Day; which will be Thursday, March 30th. Participates will travel as a group to Austin, where there will be a proclamation for Kennedale Day on the Senate Floor. They will have lunch, and then meet with Senator Konni Burton and Representative Bill Zedler. Jack added that there is still time to sign up, the cost is $50 and the bus leaves at 6:30 a.m. Jack informed the Board that the Chamber will be sponsoring a Candidate Forum at the Kennedale High School Performing Arts Center on Thursday, April 13th, at 7:00 p.m. It will be a forum, rather than a debate; a time for each candidate to explain their views and vision for the future of Kennedale. The League of Women Voters of Tarrant County will be moderating. Upcoming events for the chamber, include the April luncheon, with host speaker Andy Nguyen on the 19th; Business After Hours, which focuses on development activity on the 20th; and the Annual Clay Shoot fundraiser on the 28th. VI. EXECUTIVE SESSION President Mundy recessed into executive session at 7:24 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 3. TownCenter Property VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reconvened into open session at 8:32 p.m. The next regularly scheduled meeting of the Economic Development Corporation will be April 25, 2017. VIII. ADJOURNMENT Motion To adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Ronald Whitley. Motion passed Unanimously The meeting was adjourned at 8:35 p.m. :--:• 9 % %% 'A®%111111111 ® ���a O � KENNF ®® a :Uj t'ka ®'}S •, dam= IIIIWO ATTEST: