2017_11.28 EDC Minutes)
KENNEDALE
Kennedale Economic
Development Corporation
www.ciryofkennedale.cam ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
November 28, 2017
I. CALL TO ORDER
President Robert Mundy called the meeting to order at 7:03 p.m.
A. Introduction of new members
No introductions were made; no new members were in attendance at this time.
II. ROLL CALL
Present: Robert Mundy, Pat Turner, Ronald Whitley, Mark Yeary
III. MINUTES APPROVAL
A. Consider approval of the minutes from the October 24, 2017 regular meeting
Motion To approve the October 24, 2017 Economic Development Corporation regular meeting
minutes. Action Approve, Moved By Pat Turner, Seconded By Mark Yeary.
Motion passed Unanimously
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for October 2017
Finance Director Brady Olsen provided a brief overview of the October financial report for the
Economic Development Corporation board members.
Motion To approve the October 2017 financial report for the Economic Development
Corporation. Action Approve, Moved By Mark Yeary, Seconded By Ronald Whitley.
Motion passed Unanimously
B. Consider electing EDC Officers (President and Vice President) for 2017 -2018
President Robert Mundy stated that the Economic Development Corporation bylaws require
that a President and Vice President be elected on an annual basis. He opened the floor for
nominations for those appointments.
Motion To reappoint Robert Mundy as Board President. Action Approve, Moved By Pat
Turner, Seconded By Mark Yeary.
Robert Mundy abstained. Motion passed with a vote of 3 -0; with none voting against
approval.
Motion To reappoint Pat Turner as Board Vice President. Action Approve, Moved By Ronald
Whitley, Seconded By Mark Yeary.
Pat Turner abstained. Motion passed with a vote of 3 -0; with none voting against
approval.
C. Discuss and consider the physical condition of building one in TownCenter and the
possibility of required improvements
Executive Director George Campbell provided background information regarding some
necessary repairs needed at TownCenter. He stated that recent rain storms revealed some
leaking on the new roof. The roofers were called back out and it was discovered that the leaks
were due to settling issues with the building. It will be necessary to have some masonry
repairs and guttering, which will cost approximately $1000. George noted that no foundation
repairs are necessary at this time, and no decision is needed right away.
V. STAFF ANNOUNCEMENTS /REPORTS
A. TownCenter
B. Oak Crest
C. Chamber of Commerce
Executive Director George Campbell reported on ongoing projects, stating that the hotel is still
on track to close by year end. It was mentioned that the EDC needed to remove Jack
Thompson's name from the "For Sale" property sign at 1109 W. Kennedale Parkway.
George provided handouts that reported on the current activities at the Chamber. President
Mundy stated that he would like to keep the Chamber in the loop of EDC activities.
VI. EXECUTIVE SESSION
President Mundy recessed into executive session at 7:15 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 7:38 p.m. No action was necessary pursuant to
the Executive Session.
The next regularly scheduled meeting of the Economic Development Corporation will be
December 19, 2017.
VII. ADJOURNMENT
Motion To adjourn. Action Adjourn, Moved By Pat Turner, Seconded By Ronald Whitley.
Motion passed Unanimously
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The meeting was adjourned at 7:40 p.m.
APPROVED:
President Robert h
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ATTEST:
Depirty City cretary Kathy E. Moore