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2017_04.25 EDC Packet ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com ECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING April 25, 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 March 28, 2017 regular meeting IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for March 2017. B. Consider approval to renew membership with the Dallas Chamber C. Discuss previous approval of sign contractor for the purchase and installation of a "For Sale" sign at 1109 W. Kennedale Parkway and consider approval of changes V. STAFF ANNOUNCEMENTS/REPORTS A. TownCenter B. Oak Crest C. SCR Commercial Trade Exposition D. 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 April 25, 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: April 25, 2017 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of the minutes from the March 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 - March 28, 2017 3-28-17. df KENNEDALE Kennedafe Economic ECONOMIC DEVELOPMENT CORPORATION Development Corporation www.rityofi<ennedale.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. 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: April 25, 2017 Agenda Item No: REGULAR ITEMS - A. I. Subject: Review and accept the KEDC Financial Report for March 2017. II. Originated by: Finance Director Bob Hart III. Summary: EDC Director, Jack Thompson provide an overview of the March 2017 Kennedale Economic Development Corporation Financial Report. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. IKEDC March 2017 Financial Report 017 03 Monthly Financials. df C I TY OF KEN N EDA LE ANNUALPROGRAM OFSERVICES MARCH ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY Budget Amendment No amendments. Monthly Information Sales Taxes received isslightly lessthan budgeted projections Purchased land at 6820 Oakcrest Drive West for$22,000 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. Debby Scott Acting Finance Director ADDI TI ONAL INFORM All ON FUND 15-OPEPATING FUND(ALL BI LLSAND REVENUE RECEIVED IN THIS FUND) FUND 19-CAPITAL BOND FUND(REIVI AI NI NG CAR TAL MONEY) FUND 95- E FUND FOR DEBT REQUI FEM ENTS "YO U'REHERE. YOUR HOME" C I lY OF KEN N EDA LE ANNUALPROGRAM OFSERVICES EDC CASH POSITION MARCH CURRENT FY16-17 CATEGORY MONTH YTD BEGINNING CASH BALANCE- FUND 15 $ 75,250 $ 75,250 BEGINNING TD(POOLBALANCE- FUND 15 $ - $ - BEGINNING TE)(POOLBALANCE- FUND 19 $ 29,586 $ 29,586 BEGINNING CASH BALANCE- FUND 95 $ 120,255 $ 120,255 BEGINNING CASH BALANCE- TOTAL $ 225,091 $ 225,091 ENDING CASH BALANCE- FUND 15 $ 78,678 $ 78,678 ENDING TE)CPOOLBALANCE- FUND 15 $ - $ - ENDING TDCPOOLBALANCE- FUND 19 $ 29,602 $ 29,602 ENDING CASH BALANCE- FUND 95 $ 120,296 $ 120,296 ENDING CASH BALANCE- TOTAL $ 228,575 $ 228,575 UNAVAILABLE CASH- EARMARKED INSURANCEMONEY-HAILDAMAGETOWNCENTER $ 74,417.31 2010$2.OM BOND S4LEREMAINING CAST-I $ 29,601.88 RESERVES FOR LEV ERA G E NOTE $ 120,295.73 TOTAL UNAVAILABLE CASH $ 224,314.92 AVAILABLECASH $ 4,260.24 "YOU'RE HERE YOUR HOM E" CIW OF KENN®ALE ANNUALPROGRAM OFSERVICES MARCH 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 $ 225,729 $223,522 AD VALOREM TAXES 3,146 34,335 48,462 48,462 393 2,360 400 9.2% 4.9% 46,102 SALES/BEVERAGE TAXES 126,806 376,545 349,351 349,351 26,375 119,221 (649) 33.7% 34.1% 230,130 INVESTMENT EARNINGS 181 333 260 260 82 305 180 54.3% 117.3% (45) MISCELLANEOUS INCOME 21,786 115,841 435,796 435,796 4,302 50,992 51,676 18.8% 11.7% 384,803 SURPLUS SALES/RENTALS 72,321 100,606 99,358 99,358 7,999 47,991 (30,416) 71.9% 48.3% 51,367 TOTAL REVENUES $224,240 $627,660 $ 933,227 $ 933,227 $ 39,151 $220,869 $ 21,191 35.7% 23.7% $ 712,358 SUPPLIES - 5,110 3,100 3,100 - - - 0.0% 0.0% 3,100 MAINTENANCE 7,268 19,709 95,403 95,403 1,310 9,278 71,811 36.9% 9.7% 86,126 SUNDRY 93,165 353,786 291,959 291,959 7,406 91,676 91,701 26.3% 31.4% 200,283 DEBT 58,236 166,773 168,600 168,600 4,627 56,869 2,226 34.9% 33.7% 111,731 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 22,000 22,000 (75,000) 0.0% 24.4% 68,000 TOTAL EXPENDITURES $194,628 $718,004 $ 803,880 $ 803,880 $ 35,344 $214,732 $ 92,038 27.1% 26.7% $ 589,149 REVENUES OVER EXPENDITUI $ 29,612 $ (90,344) $ 129,347 $ 129,347 $ 3,807 $ 6,137 ENDING FUND BALANCE $343,478 $223,522 $ 378,209 $ 352,877 $ 229,536 $229,659 FUND BALANCE AS%OF EXP 176.5% 31.1% 47.0% 43.9% 649.4% 107.0 RESERVE($115,000)REQUIRE $ - $ - $ 115,000 $ - $ - $ - RESERVE SURPLUS/(SHORTFJ $343,478 $223,522 $ 263,209 $ 352,877 $ 229,536 $229,659 "YOU'RE HERE YO UR HO M E" CITY OFKENN®ALE ANNUALPROGRAM OFSERVICES MARCH 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 $ 76,011 $ 73,861 AD VALOREM TAXES 3,146 34,335 48,462 48,462 393 2,360 400 9.2% 4.9% 46,102 SALES/BEVERAGE TAXES 126,806 376,545 349,351 349,351 26,375 119,221 (649) 33.7% 34.1% 230,130 INVESTMENT EARNINGS 72 78 40 40 26 68 - 92.8% 171.2% (28) MISCELLANEOUS INCOME 21,786 115,841 435,796 435,796 4,302 50,992 51,676 18.8% 11.7% 384,803 SURPLUS SALES/RENTALS 72,321 100,606 99,358 99,358 7,999 47,991 (30,416) 71.9% 48.3% 51,367 TOTAL REVENUES $224,131 $627,405 $ 933,007 $ 933,007 $ 39,094 $220,633 $ 21,011 35.7% 23.6% $712,374 SUPPLIES - 5,110 3,100 3,100 - - - 0.0% 0.0% 3,100 MAINTENANCE 7,268 19,709 95,403 95,403 1,310 9,278 71,811 36.9% 9.7% 86,126 SUNDRY 93,165 353,786 291,959 291,959 7,406 91,676 91,701 26.3% 31.4% 200,283 DEBT 58,236 166,773 168,600 168,600 4,627 56,869 2,226 34.9% 33.7% 111,731 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 22,000 22,000 (50,000) 0.0% 24.4% 68,000 TOTAL EXPENDITURES $194,628 $718,004 $ 803,880 $ 803,880 $ 35,344 $214,732 $117,038 27.1% 26.7% $589,149 REVENUES OVER EXPENDI $ 29,503 $ (90,599) $ 129,127 $ 129,127 $ 3,751 $ 5,901 ENDING FUND BALANCE $193,963 $ 73,861 $ 228,324 $ 202,987 $ 79,761 $ 79,761 FUND BALANCE AS% E 99.7% 10.3% 28.4% 25.3% 225.7% 37.1% RESERVE(NO REQUIREME $ - $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHOR $193,963 $ 73,861 $ 228,324 $ 202,987 $ 79,761 $ 79,761 "YO U'RE HERE YO UR HO M E" CIW OFKENNEDALE ANNUALPROGRAM OFSERVICES MARCH 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 3,146 34,335 48,462 48,462 393 2,360 400 9.2% 4.9% 46,102 AD VALOREM TAXES $ 3,146 $ 34,335 $ 48,462 $ 48,462 $ 393 $ 2,360 $ 400 9.2% 4.9% $ 46,102 4081-00-00 SALES TAX 126,806 376,545 349,351 349,351 26,375 119,221 (649) 33.7% 34.1% 230,130 SALES/BEVERAGE TAXES $ 126,806 $376,545 $ 349,351 $ 349,351 $ 26,375 $ 119,221 $ (649) 33.7% 34.1% $230,130 4401-00-00 INVESTMENT INCOME 72 78 40 40 26 68 92.8% 171.2% (28) INVESTMENT EARNINGS $ 72 $ 78 $ 40 $ 40 $ 26 $ 68 $ - 92.8% 171.2% $ (28) 4409-00-00 MISCELLANEOUS INCOME 21,786 115,841 435,796 435,796 4,302 50,992 51,676 18.8% 11.7% 384,803 MISCELLANEOUS INCOME $ 21,786 $ 115,841 $ 435,796 $ 435,796 $ 4,302 $ 50,992 $ 51,676 18.8% 11.7% $384,803 4805-00-00 RENTAL FEES-SHOPPING CEM 71,824 98,580 98,612 98,612 7,938 47,630 (22,662) 72.9% 48.3% 50,982 4806-00-00 RENTAL INSURANCE 497 2,026 746 746 60 361 (7,754) 24.5% 48.4% 385 SURPLUS SALES/RENTALS $ 72,321 $ 100,606 $ 99,358 $ 99,358 $ 7,999 $ 47,991 $(30,416) 71.9% 48.3% $ 51,367 TOTAL REVENUES $224,131 $627,405 $ 933,007 $ 933,007 $ 39,094 $220,633 $ 21,011 35.7% 23.6% $712,374 'ENUES(EXCLUDING INTEREST/TRANSFERS) $224,059 $627,327 $ 932,967 $ 932,967 $ 39,068 $220,564 $ 21,011 10%ADMIN CHARGE-GENERAL FUND 22,406 62,733 93,297 93,297 3,907 22,056 2,101 'YO U'RE HERE YO UR HO M E" CIWOFKENN®ALE ANNUALPROGRAM OFSERVICES MARCH 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 2,000 2,000 2,250 2,250 2,250 2,250 250 100.0% 100.0% - 5570-01-00 SPECIAL SERVICES 44,377 140,283 68,650 68,650 - 39,745 (3,950) 31.6% 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 5,000 0.0% 31.7% 4,098 5595-01-00 ADMIN CHARGE-GENER! 20,488 56,796 93,297 93,297 3,907 22,056 2,101 36.1% 23.6% 71,240 5610-01-00 VISUAL GRANT - 11,122 50,000 50,000 - - 50,000 0.0% 0.0% 50,000 5615-01-00 FUNCTIONAL GRANT 10,283 51,850 32,000 32,000 4,278 32,000 19.8% 13.4% 27,722 SUNDRY $ 78,384 $328,873 $ 267,067 $ 267,067 $ 6,157 $ 76,021 $ 93,701 23.8% 28.5% $191,045 5800-01-00 LAND - 1,968 - - 22,000 22,000 - 0.0% 0.0% (22,000) 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 $ $ - $ 22,000 $ 22,000 $ - 0.0% #DIV/0! $ (22,000) TOTAL EXPENDITURES $ 78,384 $335,951 S 27-e,'.67 $ 270,167 $ 28,157 $ 98,021 $ 93,701 23.3% 36.3% $172,145 "YO U'RE HBZE YO UR HO M E" CIW OF KENN®ALE ANNUALPIOGRAM OFSERVICES MARCH 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- 7,576 15,930 15,672 15,672 1,405 8,276 (126) 47.6% 52.8% 7,397 5646-01-03 2011$1.7M TX LEVERAGE- 19,626 38,709 39,200 39,200 3,222 19,268 827 50.7% 49.2% 19,932 DEBT $ 58,236 $166,773 $ 168,600 $ 168,600 $ 4,627 $ 56,869 $ 2,226 34.9% 33.7% $ 111,731 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 $ 94,195 $318,692 $ 323,419 $ 323,419 $ 4,627 $ 91,778 $ 3,526 29.6% 28.4% $ 231,640 "YOU'RE HERE YO UR HO M E" CITY OFKENNEDALE ANNUALPROGRAM OFSERVICES MARCH 15:EDC413 FUND 02:TOWN SHOPPING CENTER FY15-16 FY15-16 .. FY16-17 CURRENT FY16-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET ACCOUNT ACCOUNTNAME YTD ACTUAL 4PliED AMENDED MONTH YTD CHANGE USED USED REMAINING 5403-02-00 BUILDING MAINTENA 7,268 19,709 95.40`i 95,403 1,310 9,278 71,811 36.9% 9.7% 86,126 MAINTENANCE $ 7,268 $ 19,709 S 95,493 $ 95,403 $ 1,310 $ 9,278 $ 71,811 36.9% 9.7% $ 86,126 5530-02-00 ELECTRIC SERVICES 2,464 5,401 5.006 5,000 600 2,917 - 45.6% 58.3% 2,083 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 6,196 13,392 13.392 13,392 650 6,230 46.3% 46.5% 7,162 SUNDRY $ 14,781 $ 24,914 5 24,392 $ 24,892 $ 1,250 $ 15,654 $ (2,000) 59.3% 62.9% $ 9,238 TOTAL EXPENDITURES $ 22,049 $ 44,622 5 120,295 $ 120,295 $ 2,560 $ 24,932 $ 69,811 49.4% 20.7% $ 95,363 'YO U'REHERE YOURHOME" CITY OF KEN N EDA LE ANNUALPROGRAM OFSERVICES MARCH 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 'YO U'RE HERE YO UR HO M E" CITY OFKENNEDALE ANNUALPROGRAM OFSERVICES MARCH 15:EDC413 FUND 04:TEXAS LEVERAGE PROGRAM FY15.16 FY15.16 FY16-17 FY16.17 CURREN1FY16.17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED 4MENDEC 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 YO UR HO M E" CITY OF KENNEDALE ANNUALPROGRAM OFSERVICES MARCH 19:EDC4B CAPITAL BOND FUND FYI 5-16 FYI 5-16 FY16.17 FYI 6-17 FYI 6-17 CURRENT FYI 6-17 CY-PY OF PY BUDGIOF CY BUDGI BUDGET CATEGORY YTD ACTUAL r- 0PT°,1 AMENDED PROJECTED MONTH YTD CHANGE USED USED REMAINING BEGINNING FUND BALANC$ 29,444 $ 29,444 $ 29,529 $ 29,529 $ 29,586 $ 29,529 INVESTMENT EARNINGS 32 85 60 16 73 45 37.4% 121.1% (13) TOTAL REVENUES $ 32 $ 85 $ S $ 60 $ $ 16 $ 73 $ 45 37.4% 121.1% $ (13) CAPITAL (25,000) 0.0% 0.0% TOTAL EXPENDITURES $ - $ - $ $ - $ $ - $ - $ (25,000) 0.0% 0.0% $ - REVENUES OVER EXPENE$ 32 $ 85 $ 60 $ 60 $ $ 16 $ 73 ENDING FUND BALANCE $ 29,476 $ 29,529 $ 29,584 $ 29,589 $ 29,529 $ 29,602 $ 29,602 FUND BALANCE AS% I N/A N/A NIA N/A N/A N/A N/A RESERVE(NO REQUIREME$ - $ - $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHOI$ 29,476 $ 29,529 $ 29,584 $ 29,589 $ 29,529 $ 29,602 $ 29,602 'YOU'RE HERE YO UR HOME" CITYOFKENNEDALE ANNUALPROGRAM OFSERVICES MARCH 19:EDC413 CAPITAL BOND FUND FY15-16 FY15-16 v1 u1 r' FY16-17 3URREN1FY16-17 CY-PY OF PY BUDGIOF CY BUDG BUDGET ACCOUNT ACCOUNTNAME YTD ACTUAL .'. C7 y{ = %MENDE[ MONTH YTD CHANGE USED USED REMAINING 4401-00-00 INVESTMENT INCOM 32 85 8 60 16 73 45 37.4% 121.1% (13) INVESTMENT EARNII $ 32 $ 85 `%, 6 $ 60 $ 16 $ 73 $ 45 37.4% 121.1% $ (13) TOTAL REVENUES $ 32 $ 85 60 $ 60 $ 16 $ 73 $ 45 37.4% 121.1% $ (13) 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 YO UR HO M E" CITY OFKENN®ALE ANNUALPROGRAM OFSERVICES MARCH 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 77 170 160 160 41 164 135 45.1% 102.4% (4) TOTAL REVENUES $ 77 $ 170 $ 160 $ 160 $ 41 $ 164 $ 135 45.1% 102.4% $ (4) TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ - $ 0.0% 0.0% $ REVENUES OVER EXPENDI $ 77 $ 170 $ 160 $ 160 $ 41 $ 164 ENDING FUND BALANCE $120,039 $120,132 $ 120,301 $ 120,301 $ 120,173 $120,296 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 $ 7,433 $ 7,526 $ 7,695 $ 7,695 $ 7,567 $ 7,690 "YO U'RE HERE YO UR HO M E" CITYOFKENNEDALE ANNUALPROGRAM OFSERVICES MARCH 95:EDC413 RESERVE FUND FY15-16 FY15-16 PY10-17 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 77 170 i6c 160 41 164 135 45.1% 102.4% (4) INVESTMENT EARNI $ 77 $ 170 S 160 $ 160 $ 41 $ 164 $ 135 45.1% 102.4% $ (4) TOTAL REVENUES $ 77 $ 170 S 100 $ 160 $ 41 $ 164 $ 135 45.1% 102.4% $ (4) 95:EDC413 RESERVE FUND FY15-16 FY15-16 "'Yl$-,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 YO UR HO M E" ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: April 25, 2017 Agenda Item No: REGULAR ITEMS - B. I. Subject: Consider approval to renew membership with the Dallas Chamber II. Originated by: III. Summary: EDC Director Jack Thompson seeks approval to renew the annual membership dues for the Dallas Area Chamber. The membership provides an alliance with the Dallas Chamber for economic development and promotional opportunities. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. JDallas Chamber Invoice JEDC Attachment. df DALLAS REGIONAL CHAMBER Invoice Mr. Bob Hart Date: 03/22/2017 Kennedale Economic Development Corporation Invoice: 318191 405 Municipal Dr. Due by: 05/01/2017 Kennedale,TX 76060 Member#: 5136624 Member Since: 05//17/2010 1 I i InVGSW M from 05/01/2017 to 04/30/2018 IRvolos Date Description Amount 02/23/2017 Membership Dues-Renewal $1,000.00 Balance Due $1,000.00 If payment has been sent,please disregard this invoice. If you have questions about this invoice,please contact Claudia Alaniz(214)746-6615. Thank you for our Investment In the Dallas region. Y Y i Keep this portion for your records Please return this portion with your payment Please submit payment to the address below. Dallas Regional Chamber Date: 03/22/2017 Attn:Finance Invoice: 318191 500 North Akard Street Due by: 05/01/2017 Suite 2600 Member#: 5136624 Dallas,TX 75201 Member Since: 05/17/2010 Kennedale Economic Development Corporation Balance Due $1,000.00 Credit Cards Accepted:_M/C Visa AmEx Discover Account Number: Name on Account. Signature: Expiration Date: ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: April 25, 2017 Agenda Item No: REGULAR ITEMS - C. I. Subject: Discuss previous approval of sign contractor for the purchase and installation of a "For Sale" sign at 1109 W. Kennedale Parkway and consider approval of changes II. Originated by: III. Summary: EDC Director Jack Thompson will provide an update on the approved contractor regarding the sign for property located at 1109 W. Kennedale Parkway and any necessary changes. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. ISign Quotes IFor Sale Sign Quotes.pdf For Sale Sign Quotes Real Estate Media Design, production and installation of 4'x8' sign • Sngle side-$350.00 • 2 side V-shape sign $550.00 Fort Worth HichTech Signs Co. Design, production and installation of 4'x8' sign • Sngle side sign -$390 • 2 side V-shape sign -$595 ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: April 25, 2017 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: TownCenter B. Oak Crest C. SCR Commercial Trade Exposition D. Chamber of Commerce II. Originated by: III. Summary: The Director will provide an update on these items. • TownCenter • Oak Crest • SCR Commercial Trade Exposition • 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: April 25, 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: The Economic Development Corporation will meet in Executive Session. IV. Recommendation: V. Alternative Actions: VI. Attachments: