2019_04.30 EDC Signed Minutesic
KENNEDALE
Kennetlale Economic
Development Corporation
www.cityofkcnncdale.com
ECONOMIC DEVELOPMENT CORPORATION MINUTES
BOARD OF DIRECTORS REGULAR MEETING
APRIL 30, 2019 AT 7:00 PM
CITY COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
President Mark Yeary called the meeting to order at 7:05 p.m.
II. ROLL CALL
Present: President Mark Yeary, Place 6; Joshua Altom, Place 2; Darold Tippey, Place 4; April Coltharp,
Place 7; Absent: Vice President Ralph Grimes, Place 5; Johnny Trevino, Place 1; Ronald Whitley, Place
3: Staff: EDC Executive Director George Campbell, Director of Planning and Economic Development
Melissa Dailey, Interim Finance Director Debby Scott, Administrative Assistant Rosie Ericson
III. REGULAR ITEMS
A. Consider approval of the minutes from the March 26, 2019 Regular Meeting
Motion To Approve the minutes from the March 26, 2019 Regular Meeting. Action Approve,
Moved By Coltharp, Seconded By Altom. Motion passes unanimously.
B. Review and accept the KEDC Financial Report for March 2019
There was no discussion at this time.
Motion To Approve the KEDC Financial Report for March 2019, Action Approve, Moved By
Tippy, Seconded By Coltharp. Motion passes unanimously.
C. Receive the independent auditor's report (Comprehensive Annual Financial Report (CAFR))
for the fiscal year ended September 30, 2018
Executive Director George Campbell stated that it was a clean audit and would be forwarded
to the City Council.
Motion To Accept the independent auditor's report (Comprehensive Annual Financial Report
(CAFR)) for the fiscal year ended September 30, 2018. Action Accept, Moved By Tippy,
Seconded By Coltharp. Motion passes unanimously.
D. Discuss and provide staff direction regarding the Kennetlale Area Chamber of Commerce
office building lease agreement
Executive Director George Campbell stated that the lease was up for renewal in September
2019, and that any change to the current agreement required 90 days' notice. After a brief
discussion regarding the need to eventually adjust the rent to a fair market amount, the
consensus among the board was to renew the lease unchanged for one additional year.
IV. REPORTS AND ANNOUNCEMENTS
A. Chamber of Commerce report
Executive Director George Campbell stated that Ralph Grimes had resigned as an
Ambassador with the Kennedale Chamber due to a change in employment, and reminded the
Board of the Chamber's upcoming events: the Best of Kennedale Luncheon on May 15 and
the Golf Tournament in October.
B. Board member reports and announcements
There was no discussion at this time.
C. Staff reports and announcements
Executive Director George Campbell offered an update on the hotel project in Oak Crest,
noting that Mr. Karmali hopes to break ground by the end of 2019. There was a brief
discussion of Mr. Karmali's experience in the hotel industry.
President Yeary recessed to Executive Session at 7:24 p.m.
V. EXECUTIVE SESSION
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:
A.
Harris Corporation
Addition, Block 1
Lot 1A2 (S Dick Price Road)
B.
Potential Economic
Development Tax
Abatement Agreement
VI. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
President Yeary reconvened the meeting at 7:40 p.m. and announced that the next Regular Meeting
would be Tuesday, May 28. The board requested that staff organize a tour of all properties owned by the
EDC on that date.
VII. ADJOURNMENT
Motion To Adjourn. Action Adjourn, Moved By Coltharp. Seconded By Altom. Motion passes
unanimously.
President Yeary adjourned the meeting at 7:45 p.m.
APPROVED:
'MARK YEA5A, PRESIDENT
ATTEST:
ROSIE ERICSON, BOARD SECRETARY
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EDC BOARD MINUTES APRIL 30, 2019