2017_05.30 EDC Minutes)
KENNEDALE
Kennedale Economic
Development Corporation
W ww.cftyofl<enn eda le,com ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
May 30, 2017
I. CALL TO ORDER
President Mundy called the meeting to order at 7:02 p.m.
Il. ROLL CALL
Present: Michael Johnson, Adrienne Kay, Rebecca Carlton, Robert Mundy, Pat Turner, Mark
Yeary
Absent: Ronald Whitley
III. MINUTES APPROVAL
A. Consider approval of the minutes from the April 25, 2017 regular meeting
Motion To approve the April 25, 2017 Economic Development Corporation meeting minutes.
Action Approve, Moved By Michael Johnson, Seconded By Mark Yeary.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for April 2017.
President Robert Mundy introduced the new Finance Director Brady Olsen. Brady provided an
overview of the of the April financial report for the Economic Development Corporation. He
reported that sales tax was down slightly, and that debt payments were made In April.
Board member Pat Turner questioned if the City was collecting sales tax from the food truck
and roadside sale vendors. Brady Olsen stated that he would check into to the process and
report back to the Board.
Motion To approve the April 2017 financial report for the Economic Development Corporation.
Action Approve, Moved By Rebecca Carlton, Seconded By Pat Turner.
Motion passed Unanimously
B. Authorize and ratify the expenditure for a project under Section 501.103 of the Development
Corporation Act for construction of public infrastructure to promote or develop new or
expanded business enterprises at 1298 W. Kennedale Parkway
Director Jack Thompson stated that this agenda item is to ratify the $25,000 in permitting fees
that the EDC agreed to pay for the new development at 1298 W. Kennedale Parkway. He
provided a review of the history of this project and stated that the Board needed to authorize
and ratify the expenditure.
Motion To approve the authorization and to ratify the expenditure of $25,000 for a project
under Section 501.103 of the Development Corporation Act for construction of public
infrastructure to promote or develop new or expanded business enterprises at 1298 W.
Kennedale Parkway. Action Approve, Moved By Robert Mundy, Seconded By Adrienne Kay.
Motion passed Unanimously
C. Discuss board members attending the 2017 Economic Development Sales Tax Workshop
Director Jack Thompson stated that the Texas Economic Development Council (TEDC)
provides economic development sales tax workshop training that is specifically for EDC Board
members. The workshop will include changes to economic development sales tax laws; along
with any changes to the Open Meeting Act and Public Information Act. He stated that at least
one of the following the Director, Executive Director, or other Staff that works with the EDC is
required to attend and encouraged board members to consider attending this workshop in
October.
V. STAFF ANNOUNCEMENTS /REPORTS
A. TownCenter
B. Oak Crest
C. Chamber of Commerce
Director Jack Thompson reported on ongoing projects. Jack stated that he received four (4)
bids for the demolition of the old Chicken Express building. Dirt Tech Construction and
Excavation submitted the lowest bid of $9,000. He added that demolition would start once
Oncor and Atmos have completed their disconnections. Also, a special thank you to Code
Enforcement Officer Charles Comeaux for getting the dump fees waived for the EDC.
Additional discussion on TownCenter included possible tenants, status of Station 287 Bar and
Grill, and the condition of the Dollar General Store.
Jack added that the "For Sale" sign was up at 1109 W. Kennedale Parkway.
Jack reported that the Chamber's annual awards luncheon had 90 people in attendance, which
was the highest ever attended Chamber luncheon. Additional items of interest included
updates on the Coffee Chat event and the Joint Chamber Mixer scheduled for June 13th at
Walnut Creek Country Club.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:53 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 8:10 p.m.
The next regularly scheduled meeting of the Economic Development Corporation will be June 27,
2017.
VIII. ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Adrienne Kay, Seconded By Mark Yeary.
Motion passed Unanimously
The meeting was adjourned at 8:16 p.m.
APPROVED:
qF KEry o0 p ® ®,
a
ATTEST: '',may, } �w�
`i g OUiVt " ® <®
C];
Vio - resident Pat Turner
1 � p�,� pansase
De uty Ci Secretary Kathy E. Moore