2020_04.13 EDC Special Meeting Minutesic
KENNEDALE
Kennedale Economic
Development Corporation
w .cityofkenneclale.com
ECONOMIC DEVELOPMENT CORPORATION MINUTES
SPECIAL MEETING VIA VIDEOCONFERENCE I APRIL 13, 2020 AT 6:00 PM
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I. CALL TO ORDER
President
via Video
Mark Yeary
Conference
called the meeting to order at 6:03 p.m., noting that this meeting was held
due to the public health concerns surrounding COVID-19, and that all
members
of the board
were present except for Mayor
Pro Tern Sandra Lee and Andrew Schaffer.
II. ROLL CALL
Present: President Mark Yeary, Place 6; Vice President Johnny Trevino, Place 1; Cesar Guerra,
Place 2; Darold Tippey, Place 4; April Coltharp, Place 7; Absent: Mayor Pro Tem Sandra Lee,
Place 5; and Andrew Schaffer, Place 3; Staff: City Manager George Campbell, City Secretary Leslie E.
Galloway, Director of Planning and Economic Development Melissa Dailey, City Attorney Drew Larkin,
Director of Finance and Information Technology Lakeita Sutton, Director of HR and Administrative Services
Danielle Clarke, and Board Secretary Rosie Ericson; Also in attendance: Mayor Brian Johnson
III. DECISION ITEMS
A. Discuss, consider, and provide staff direction regarding an economic assistance grantor
loan program for local small businesses relating to the Coronavirus (COVID-19) pandemic and
the City's local disaster declaration
President Mark Yeary stated that these two related items were on the agenda to engage in a
discussion of the EDC considering offering economic assistance to local small businesses that
had been negatively affected by COVID-19, noting that the basics of such a program were
included in the packet. City Manager and EDC Executive Director George Campbell stated
that the EDC was capable of providing loans or grants for such a purpose under their bylaws
and articles of incorporation, noting that since the document in the packet was drafted, that the
federal government had initiated the Coronavirus Aid, Relief, and Economic Security Act
(CARES Act), which would be in addition to the Paycheck Protection Program (PPP) and
Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) programs.
Campbell stated that the main consideration at this time was determining if the EDC offering
economic assistance to any local business might be duplicative and/or might reduce or negate
that business' benefits under another project at the federal or state level. He noted that the
identified funding of such a potential program would be the proceeds from the recent sales of
two properties in the Bloxom Business Park. There was some discussion of the timing of
assistance, the process for identifying eligible businesses, a program being developed by staff
to promote shopping local, other ways in which the City might alleviate financial burdens
outside of loans or grants, the uncertainty of how long the current public health emergency
might endure, and details of the other assistance programs at the state and federal levels.
Following this discussion, Campbell stated that it was staffs understanding that the Board was
supporting of staffs "Shop Kennedale" program and the expenditure of $5,000 or less in EDC
funds for costs associated with such a campaign, would support deferring rent to any business
tenants of EDC-owned properties in intervals of 30 days, but would like to have more
information before pursuing any specific economic assistance program.
Finance Director Lakeita Sutton stated that the budget would not require an amendment
unless revenues were not realized on rents before September 30, 2020,
B. Discuss, consider, and provide staff direction regarding a potential plan to provide rent relief
to tenants of EDC-owned properties
The discussion of this item occurred as a part of the discussion of the previous item.
IV. ADJOURNMENT
Motion Adjourn. Action Adjourn, Moved By Coltharp, Seconded By Trevino. Motion passed
unanimously.
President Yeary adjourned the meeting at 6:54 p.m.
APPROVED:
PML
PRESIDENT M EARY
ATTEST:
BOARD SECRET Y ROSIE ERICSON