2017_09.26 EDC Minutes)c
KENNEDALE
Kennedale Economic
Development Corporation
cityofkennedale.com ECONOMIC DEVELOPMENT CORPORATION
www.
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
September 26, 2017
I. CALL TO ORDER
President Robert 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
III. MINUTES APPROVAL
A. Consider approval of the minutes from the August 22, 2017 regular meeting
Motion To approve the August 22, 2017 Economic Development Corporation regular meeting
minutes. Action Approve, Moved By Pat Turner, Seconded By Rebecca Carlton.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for August 2017
Finance Director Brady Olsen provided an overview of the August financial report for the
Economic Development Corporation. He reported that August sales tax would have been up;
however, the incorrect sales tax that was paid to Kennedale was repaid this month.
Motion To approve the July 2017 financial report for the Economic Development Corporation.
Action Approve, Moved By Rebecca Carlton, Seconded By Ronald Whitley.
Motion passed Unanimously
V. STAFF ANNOUNCEMENTS /REPORTS
A. TownCenter
B. Oak Crest
C. Chamber of Commerce
Director Jack Thompson reported on ongoing projects, stating that the bids for the driveway at
the old Chicken Express came in high. He plans to request additional bids, and if the cost is
still too high, he suggested that the EDC clean -up and hydro -mulch the area for now. He
added that we have spent approximately $10,000 to date on the project. He noted that interest
in TownCenter has increased with the addition of the martial arts studio.
Jack informed the Board that the Karmali Holding project is still on track, and they plan to close
by the end of the year.
Jack reported for the Chamber, stating that at their October luncheon the Mayor will present
the State of the City. Additional events for October includes their Coffee Chat, with a free book
for all participants; Business After Hours with a costume party; and their Annual Golf
Tournament.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:13 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
4. 1170 E. Kennedale Parkway
5. 5409 High Ridge Road
VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Mundy reconvened into open session at 8:15 p.m. No action was necessary pursuant
to the Executive Session.
The next regularly scheduled meeting of the Economic Development Corporation will be October
24, 2017.
VIII. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Rebecca Carlton, Seconded By Michael Johnson.
Motion passed Unanimously
The meeting was adjourned at 8:24 p.m.
ATTEST:
c DeiJuty
Cit
ecretary Kathy E. Moore