2021_03.23 EDC Minutes)c
KENNEDALE
kennedale Economic
Development Corporation
www.cityofkenneda le.corn
ECONOMIC DEVELOPMENT CORPORATION MINUTES
REGULAR MEETING VIA VIDEOCONFERENCE
MARCH 23, 2021 AT 6:00 PM
MEMBERS OF THE PUBLIC MAY JOIN BY VISITING
WWW.CITYOFKENNEDALE.COM/JOINMEETING AND/OR BY DIALING
1-877453-5257 (TOLL -FREE) AND USING ACCESS CODE 76060 -76060
I. CALL TO ORDER
President Mark Yeary called the meeting to order at 6:05 p.m.
II. ROLL CALL
Participating via VideoConference: President Mark Yeary, Place 6; Julie Jacobson, Place 1;
Marcel Terry, Place 2; Andrew Schaffer, Place 3; Darold Tippey, Place 4 poined meeting at 7:07 p.m.);
Councilmember Josh Altom, Place 5; April Coltharp, Place 7 (left meeting at 7:03 p.m.); Absent:
None; Staff Participating via VideoConference: City Manager and EDC Executive Director George Campbell,
Director of Planning and Economic Development Melissa Dailey, Director of Finance and Information Technology
Lakeita Sutton, Board Secretary Rosie Ericson
III. EXECUTIVE SESSION
Immediately following roll call, President Yeary adjourned into Executive Session at 6:05 p.m.
A. PURSUANT TO §551.071 —Consultation with the Corporation's Attorney pertaining to any
matter in which the duty of the Corporation's Attorney under the Texas Disciplinary Rules of
Professional Conduct may conflict with the Open Meetings Act, including discussion of any
tem posted on the agenda, legal issues regarding the Open Meetings Act, and the following:
1. TownCenter Lease Agreement with V-FIT Martial Arts
2. Review and discuss Kennedale Town Center development and
management agreements
B. PURSUANT TO §551.072 —Deliberation regarding the purchase, exchange, lease, or
value of real property
1. Discuss potential development of 13-acre EDC-owned property on
Linda Road
.PURSUANT TO §551,087— (1) Deliberation regarding commercial or financial information
that the governmental 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
Mich 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):
1. Discuss potential development of 13-acre EDC-owned property on
Linda Road
IV. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
The Board reconvened into Open Session at 7:16 p.m.
V.REGULARITEMS
A. Consider approval of the minutes from the December 17, 2020 regular meeting
Motion to Approve. Action Approve the minutes from the December 17, 2020 regular
meeting. Motion by Tippy Seconded by Yeary. Motion passed 3-2-0, with Altom
and Jacobson Abstaining.
B. Review and accept the KEDC Financial Report for December 2020
There was some discussion regarding the items listed on page one of the financials.
Motion to Approve Action Approve the KEDC Financial report for December 2020 as
presented. Motion by Tippey, Seconded by Terry. Motion passed 4-1.0, with
Jacobson Abstaining.
C. Review and accept the KEDC Financial Report for January 2021
There was some discussion regarding the items listed on page one of the financials.
Motion to Approve. Action Approve the KEDC Financial Report for January 2021 as
pI esented. Motion by Tippey, Seconded by Terry. Motion passed 4-1-0, with
Jacobson abstaining.
D. Review and accept the KEDC Financial Report for February 2021
There was some discussion regarding the items listed on page one of the financials.
Motion to Approve. Action. Approve the KEDC Financial Report for February 2021,
Motion by Tippey, Seconded by Terry. Motion passed 4-14 with Jacobson
abstaining.
E. Elect a vice president of the Economic Development Corporation Board
Motion to Postpone Action Postpone election of a vice president until the next EDC
regular scheduled meeting to have full attendance of the members. Motion to
Postpone. Motion by Altom, Seconded by Jacobson. Motion passed unanimously.
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EDC MINUTES I MARCH 23, 2021
VI. REPORTS AND ANNOUNCEMENTS
A. Chamber of Commerce Report
None at this time.
B. Board member reports and announcements
None at this time.
C. Staff reports and announcements
None at this time.
VII. ADJOURNMENT
Motion to Adjourn. Action Adjourn. Moved by Altom, Seconded by Jacobson. Motion passed
unanimously.
President Yeary adjourned the meeting at 7:39 p.m.
APPROVED: ATTEST:
PRE SI K YEARY ROkIIr:R'IC..N, BOARD SECRETARY
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EDC MINUTES MARCH 23, 2021