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2017_10.24 EDC Packet
ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com ECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING October 24, 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 September 26, 2017 regular meeting B. Consider approval of the minutes from the October 12, 2017 special meeting IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for September 2017 B. Consider electing an EDC President and Vice President for 2017-2018. C. Approval of a 12-month lease extension and rent increase for Red's Roadhouse V. STAFF ANNOUNCEMENTS/REPORTS In addition to any specific matters listed below, the Economic Development Corporation Board of Directors may receive a report about items of community interest, including but not limited to recognition of individual officials, citizens or departments, information regarding holiday schedules, upcoming or attended events, etc. A. TownCenter B. Oak Crest C. 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 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 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 October 24, 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. 0��L llw Leslie Galloway, City 38,6cretary 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: October 24, 2017 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of the minutes from the September 26, 2017 regular meeting II. Summary: Minutes are prepared by the Deputy City Secretary and ready for approval. III. Recommendation: Approve IV. Alternative Actions: V. Attachments: 1. Economic Development Corporation Meeting Minutes - September 26, 2017 9-26-17. df _)c KENNEDALE Kennedale Economic Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION 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. 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: October 24, 2017 Agenda Item No: MINUTES APPROVAL - B. I. Subject: Consider approval of the minutes from the October 12, 2017 special meeting II. Summary: Minutes are prepared by the Deputy City Secretary and ready for approval. III. Recommendation: Approve IV. Alternative Actions: V. Attachments: 1. Economic Development Corporation Special Meeting Minutes - October 10-12-17 - 12, 2017 iSpecial.pdf _Jc KENNEDALE Kennedale Economic Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS - REGULAR MEETING MINUTES October 12, 2017 I. CALL TO ORDER President Robert Mundy called the meeting to order at 7:00 p.m. II. ROLL CALL Present: Michael Johnson, Adrienne Kay, Rebecca Carlton, Robert Mundy, Pat Turner, Ronald Whitley, Mark Yeary Absent: None III. EXECUTIVE SESSION President Mundy recessed into executive session at 7:02 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. TownCenter Property IV. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reconvened into open session at 7:55 p.m. Motion To approve the reimbursement agreement at TownCenter for Suite 109, subject to removal of Suite 111 and any additional changes necessary per City Attorney; concurrent to City Council approval. Action Approve, Moved By Robert Mundy, Seconded By Rebecca Carlton. Motion passed Unanimously V. ADJOURNMENT Motion Adjourn. Action Adjourn, Moved By Rebecca Carlton, Seconded By Ronald Whitley. Motion passed Unanimously The meeting was adjourned at 8:01 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: October 24, 2017 Agenda Item No: REGULAR ITEMS - A. I. Subject: Review and accept the KEDC Financial Report for September 2017 II. Summary: Finance Director Brady Olsen will provide an overview of the September 2017 Kennedale Economic Development Corporation Financial Report. III. Recommendation: Approve IV. Alternative Actions: V. 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J Q Q W m m W J J H H W d d ~ V V W V F O Z F O v Z o v Z O o ua O ua � O � V N Ln p .. V 00 r Q O Q rl V W M W Z c a o m W W rn Cn O N W m VIA W O 0 0 0 J C 00 O a 00 0 o vri V a o O 0 M � n Z O %D n LPG O O n N N � W Wan an an yr an yr an U N N Q I'D %D -C / M M Z O N C r r � r.:LM Lu _ �i CD CD J W W N N ^ O N � � Q m z = L w O W V W Q C an an an yr an yr an O LL. (9 a OO ) = H CL W � a O Z N O O ' O N Q a Z � L - � J a CA O N n J, N a o � ►Mn L Q o O c o+ O ^' LM N W 4.01, 4.01, � J Z J w M- w W LU Z Z W L — O to LU IR cc W m z d J H H Z V1 X �O W Z oc L++ ~ cc pap W LU Q Z Z w V nj W D: V. W W Z a Z W W �. W LL a W J J Q CC LU W H W ~ Ln H M —1 CA m z O O oc W LL. cc D: I W 00 co N H N Z_ -- r-4 H Z_ � Z L Z cr m W m W i/1 i/1 i/1 i/1 H O O H O O W W O O O O N N N CO W m W O O 0 0 W 00 00 00 W O O W 00 co O O m W m W O O O O rn M M W Z = Z = U oe Z oe Z O = O W W W V V in in in in 0 J N 2 Q o o LL. ' 0 0 � W 0 P, C r r D Z `u 0 W Q C } p �e W F x7( Ld CL LU N = O o o CL r- n n O � NJ Q LM LM Z LL. a L a 0 rn Q o .M . n Mn o LM LM Z W w p� Z O yNj W l J Q W '2 z W O m D H W W W F L d Z OC Z � W H — H V w W H V Z H 0 0 z z W W W W co H H W W O co H O H V Z p V Z W O o W O V p V LM Q o Q ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: October 24, 2017 Agenda Item No: REGULAR ITEMS - B. I. Subject: Consider electing an EDC President and Vice President for 2017-2018. II. Originated by: Leslie Galloway, City Secretary & Communications Coordinator Kathy Moore, Deputy City Secretary III. Summary: The EDC is required by their bylaws to annually elect a President and Vice President at their regularly scheduled meeting in October. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: October 24, 2017 Agenda Item No: REGULAR ITEMS - C. I. Subject: Approval of a 12-month lease extension and rent increase for Red's Roadhouse II. Summary: The Economic Development Corporation will consider approval of the Red's Roadhouse lease extension with a rent increase for the upcoming 12-month period. III. Recommendation: Approve IV. Alternative Actions: V. Attachments: ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: October 24, 2017 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: TownCenter B. Oak Crest C. Chamber of Commerce II. Summary: The Director will provide an update on these items. • TownCenter • Oak Crest • Chamber of Commerce Report III. Recommendation: None IV. Alternative Actions: V. Attachments: ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: October 24, 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 4. 1170 E. Kennedale Parkway 5. 5409 High Ridge Road II. Summary: The Economic Development Corporation will meet in Executive Session. III. Recommendation: IV. Alternative Actions: V. Attachments: