2019_11.18 EDC - Minutesic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkenneclale.com
ECONOMIC DEVELOPMENT CORPORATION MINUTES
BOARD OF DIRECTORS REGULAR MEETING
NOVEMBER 18, 2019 AT 7:00 PM
CITY COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
President Mark Yeary called the meeting to order at 7:00 p.m.
II. ROLL CALL
Present: President Mark Yeary, Place 6; Cesar Guerra, Place 2; Andrew Schaeffer,
Place 3; Mayor Pro Tem Lee, Place 5; April Coltharp, Place 6; Absent: Johnny
Trevino, Place 1; Darold Tippey, Place 4; Staff: City Manager and EDC Executive Director
George Campbell, Director of Planning and Economic Development Melissa Dailey; Director of Finance
and Information Technology Lakeita Sutton and Board Secretary Rosie Ericson
III. REGULAR ITEMS
A. Consider approval of the minutes from the September 24, 2019 regular meeting
Motion Approve. Action Approve the minutes from the September 24, 2019
regular meeting. Moved By Mayor Pro Tem Lee. Seconded By Coltharp. Motion
passed unanimously.
B. Review and accept the KEDC Financial Report for September 2019
Director of Finance and Information Technology Lakeita Sutton stated that, for the
month of September 2019, the EDC Fund received $47,327 in sales tax revenue,
noting that the monthly financial reports also included detailed information on the
TownCenter and Debt Service Funds. She added that across the combined EDC
Funds, unaudited numbers showed FY2018-19 ending at a surplus of $169,000.
Motion Approve. Action Approve the KEDC Financial Report for September
2019. Moved By Mayor Pro Tem Lee. Seconded By Coltharp. Motion passed
unanimously.
C. Review and accept the KEDC Financial Report for October 2019
Sutton stated that, for the first month of FY2019-20, the EDC Fund received
$45,962 in sales tax revenue, which exceeded the five-year average. She added
that page 3 showed all revenues and expenditures across all EDC Funds, noting
that the month ended in a surplus of $12,593.
Motion Approve. Action Approve the KEDC Financial Report for October 2019.
Moved By Coltharp. Seconded By Mayor Pro Tem Lee. Motion passed
unanimously.
D. Discuss and consider approval of Lease extension for Red's Roadhouse 1170 E.
Kennedale Parkway
City Manager and EDC Executive Director George Campbell gave a brief overview
of the lease -purchase agreement, noting that no changes were suggested at this
time and that staff recommended approval. President Mark Yeary noted that by
keeping the term at 12 months, the Board could evaluate the rent more regularly.
Motion Approve. Action Approve a lease extension for Red's Roadhouse at the
current rate for the next twelve months. Moved By Coltharp, Seconded By Mayor
Pro Tern Lee. Motion passed unanimously.
IV. REPORTS AND ANNOUNCEMENTS
A. Chamber of Commerce report
Campbell stated that Representative Bill Zedler and Senator Beverly Powell would
speak at the "State of the State" luncheon on January 20, that the next meeting of
Board would be January 27, and that the recent golf tournament was a success.
B. Board member reports and announcements
There was some discussion regarding the potential of cancelling or rescheduling
the December regular meeting date, as it falls on December 24,
C. Staff reports and announcements
Director of Planning and Economic Development Melissa Dailey stated that the
construction plans submitted by Tru by Hilton we recently approved by staff, that a
permit had been issued for grading and clearing, and full building plans were
expected soon.
Dailey stated that, after reviewing comparable sales staff was recommending
listing 7215 Bloxom Road at $85,000; and 7224 Bloxom Road at $75,000. Dailey
was available to answer questions regarding properties owned by the EDC.
V. EXECUTIVE SESSION
THE EDC BOARD DID NOT RECESS TO EXECUTIVE SESSION AT THIS TIME.
A. The Economic Development Corporation (EDC) will meet in closed session
pursuant to §551.072 of the Texas Government Code to deliberate the purchase,
lease, or value of real property:
1. Discuss Lease extension for Red's Roadhouse 1170 E. Kennedale
Parkway
VI. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT
TO EXECUTIVE SESSION, IF NEEDED
VII. ADJOURNMENT
Motion Adjourn. Action Adjourn. Motion By Mayor Pro Tem Lee. Seconded By Tippey.
Motioned passed unanimously.
President Yeary Adjourned the meeting at 7:18 p.m.
APPROVED:
PRESIQ i1GlARKYEARY
ATTEST: � ,
R SIE ERICSON, BOARD SECRETARY