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2017_04.25 EDC Minutes) KENNEDALE Kennedale Economic Development Corporation www.cityofkenn eda le.com ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS - REGULAR MEETING MINUTES April 25, 2017 I. CALL TO ORDER President Mundy called the meeting to order at 7:05 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 March 28, 2017 regular meeting Motion To approve the March 28, 2017 Economic Development Corporation meeting minutes. Action Approve, Moved By Michael Johnson, Seconded By Rebecca Carlton. Motion passed Unanimously IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for March 2017. Economic Development Director Jack Thompson provided an overview of the March financial report. He reported that the year -to -date sales tax was down slightly, and that there were minimal expenditures during the month. Motion To approve the March 2017 financial report for the Economic Development Corporation. Action Approve, Moved By Rebecca Carlton, Seconded By Ronald Whitley Motion passed Unanimously B. Consider approval to renew membership with the Dallas Chamber Director Jack Thompson stated that the Dallas Chamber is regional, and membership is advantageous to the economic development of Kennedale. Membership includes being listed in their annual directory; promotional events throughout the year; and marketing leads. Jack informed the Board that annual membership is $1000, and the EDC has been a member for many years. He noted that this is a small cost for the marketing advantages that are associated with membership. Motion To approve membership renewal with the Dallas Regional Chamber. Action Approve, Moved By Rebecca Carlton, Seconded By Mark Yeary. Motion passed Unanimously 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 Director Jack Thompson stated that at the February meeting the Board approved the purchase of a sign to be installed at 1109 West Kennedale Parkway. The low bidder was Real Estate Media, for an amount of $550. Jack stated that to -date Real Estate Media has been unresponsive in regard to the sign installation. Jack requested that the EDC approve purchasing the sign from Fort Worth High -Tech Signs Co., with their bid of $595. Motion To approve the purchase of a V shaped sign for the property located at 1109 W. Kennedale Parkway from Fort Worth High -Tech Signs Co. Action Approve, Moved By Michael Johnson, Seconded By Rebecca Carlton. Motion passed Unanimously V. STAFF ANNOUNCEMENTS/REPORTS A. TownCenter B. Oak Crest C. SCR Commercial Trade Exposition D. Chamber of Commerce Director Jack Thompson reported on ongoing projects. Jack stated that the Chicken Express has opened in their new location, and he is getting bids together for the demolition of their old building. Additionally, he noted that the environmental report on the old Chicken Express building revealed that no asbestos was detected. Jack stated that the Dickey's opening has been stalled due to additional Corporate requirements; they hope to have a soft opening within a week. He added that the City is working with TML Insurance to increase the money for damages to the TownCenter buildings which occurred during last year's storms. Jack stated that negotiations are under way for a restaurant in the Oak Crest area; he expects them to request incentives if the deal is approved. Jack reported that the Chamber had a good turnout for the Kennedale Legislative Day in Austin. He noted that Kennedale was recognized both on the House and Senate floor this year. Additionally, the Chamber hosted a candidate forum for the upcoming May 6 th election, where approximately 100 citizens attended. Additional items of interest included updates for the Annual Clay Shoot; a Coffee Talk event in May; and a Joint Chamber Mixer scheduled for June 13th at Walnut Creek Country Club. VI. EXECUTIVE SESSION President Mundy recessed into executive session at 8:00 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 8:36 p.m. No action was necessary pursuant to the Executive Session. The Board agreed to move their May meeting to May 30th to accommodate a schedule conflict with Director Jack Thompson. VIII. ADJOURNMENT Motion To adjourn. Action Adjourn, Moved By Michael Johnson, Seconded By Ronald Whitley. Motion passed Unanimously The meeting was adjourned at 8:39 p.m. APPROVED: v - / tg Pre ident Robert M ndy ATTEST: LL Deputy City $e re ary Kathy E. Moore