2020_08.04 EDC Minutesic
KENNEDALE
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ECONOMIC DEVELOPMENT CORPORATION MINUTES
REGULAR MEETING VIA VIDEOCONFERENCE
AUGUST 4, 2020 AT 7:00 PM
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I.CALL TO ORDER
President Mark Yeary called the meeting to order at 7:01 p.m.
II. ROLL CALL
Present: President Mark Yeary, Place 6; Vice President Cesar Guerra, Place 2; Andrew Shaffer, Place 3; Darold Tippey, Place 4:
Mayor Pro Tem Sandra Lee, Place 5; Absent: Johnny Trevino, Place 1; April Coltharp, Place 7. Staff.: City Manager George
Campbell, Director of Planning and Economic Development Melissa Dailey, Director of Finance and Information Technology Lakeita
Sutton, and Board Secretary Rosie Ericson.
III, WORK SESSION
A. Receive a presentation and hold a discussion regarding the status of various EDC-
owned properties
Director of Planning and Economic Development Melissa Dailey gave a presentation including
recommendations and suggested use of the properties. No specific direction was given by the Board
at this time.
Following the Work Session, the Board adjourned into Executive Session at 7:20 p.m.
IV. EXECUTIVE SESSION
A. PURSUANT TO §551.072 —Deliberate the purchase, exchange, lease or value of real property.'
1. 600 W. Kennedale Parkway
2. 6820 Oak Crest Drive W.
3. Property at Linda Road and Gail Drive
B. PURSUANT TO §551.087— (1) Deliberation regarding commercial or financial information that the
govemmental body has received from a business prospect that the governmental body seeks to have
locate, stay, or expand in or near the territory of the governmental body and with which the
governmental body is conducting economic development negotiations; or (2) to deliberate the offer of
a financial or other incentive to a business prospect described by Subdivision (1):
Discussion of potential development and incentives for 600 W. Kennedale
Parkway
2. Discussion of potential development and incentives for 6820 Oak Crest Drive W.
3. Discussion of potential development and incentives for property at Linda Road
and Gail Drive
405 Municipal Drive, Kennedale, TX 7GOG0 � Telephone: 817-955-2100 � Fax: 817-478-71 G9
V. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
There was neither discussion nor action taken at this time.
The Board reconvened into Regular Session at 7:58 p.m.
VI. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for June 2020
Finance Director Lakeita Sutton offered an overview of the revenues, expenditures, and
sales tax comparison. The Board did not have any question at this time.
Motion Approve. Action Approve the KEDC Financial Reports for June 2020. Moved
By Mayor Pro Tern Lee, Seconded By Guerra. Motion passed unanimously.
B. Consider approval of the minutes from the June 23, 2020 regular meeting
Motion Approve. Action Approve the minutes from the June 23 regular meeting, Moved
By: Mayor Pro Tern Lee, Seconded By Guerra. Motion passed unanimously
C. Consider approval of an amendment to the Commercial Property Management
Agreement for Kennedale Town Center increasing the monthly management fee from
$500 to $800
Commercial Property Manager Craig Hughes and his associate Mark Wong spoke to
the Board and requested that the monthly management fee be increased for the first
time since they assumed management of the TownCenter shopping area.
Board Member Tippey suggested that instead of a flat fee, that the Board consider a fee
equal to 4% of the collected monthly rental payments.
Motion Approve Action Approve The EDC approves a 4% monthly management fee for
Commercial Property Management on the rents collected. Moved by Tippey Seconded
D. Discuss and
consider approval of FY20-21
proposed
budget for
recommendation to City
Council
Finance Director Lakeita Sutton gave a presentation of the proposed EDC 2020-2021
budget including revenue and expenditure projections, noting that the fund balance
would end the current fiscal year higher than expected.
In response to a question from Board Member Schaeffer regarding the $40,000
budgeted for an outside consulting firm to study future growth in Town Center, President
Yeary stated that he felt the Board had exhausted all internal resources, but that a
professional outside study could bring new ideas and resources to advance this
development. Director of Planning and Economic Development Melissa Dailey
suggested that staff issue an RFQ and present the top three to the EDC Board for
consideration.
Motion Approve Action Approve the FY20-21 proposed budget for the recommendation
to the City Council as presented. Moved By Schaeffer, Seconded By Mayor Pro Tem
Lee. Motion passed unanimously.
VII. REPORTS AND ANNOUNCEMENTS
A. Chamber of Commerce report
City Manager George Campbell announced that he had advised the Chamber
against holding its annual golf tournament fund raiser due to COVID-19.
B. Board member reports and announcements
President
Yeary
requested a
discussion of rental income. City
Manager George
Campbell
stated
that it would
be included on a future meeting
agenda.
C. Staff reports and announcements
There were no reports at this time.
VIII. ADJOURNMENT
Motion To Adjourn. Action Adjdurn. Moved by Mayor Pro Tem Lee Seconded By Schaeffer.
Motion passed unanimously.
President Yeary adjourned the meeting at 8:35 p.m.
APPROVED:
EqC PRESIDEN KYEARY
ATTEST:
ROSIE RICSON, BOARD SECRETARY