02/20/2007, Regular Meeting Minutes236
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MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING -FEBRUARY 20, 2007
405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
President Vaughn called the meeting to order at 7:17 p.m.
Members present: President, Nita Vaughn; Vice-President, Robert Mundy; Board Member's
Beverly Hayes, Doug Parker and Wayne Wooten.
Members absent: Marsha Knox and Rob Morris.
Staff present: Mike Soab, KEDC Director; Kathy Turner, Secretary; and Clifford Blackwell, III
Treasurer.
I. REGULAR ITEMS
1. Consider approval of minutes: Regular Meeting dated January 16, 2007.
Doug Parker moved to approve the regular meeting minutes dated January 16, 2007
as submitted, second by Robert Mundy. Motion carried (5-0).
2. Review of Financial Reports.
Clifford Blackwell, III, Director of Finance and Treasurer to EDC presented the
board with financial reports for the months of December 2006 and January 2007.
After review of reports, Mr. Blackwell advised that monies had been transferred to
Park Board to fund park improvements previously approved by the KEDC. A brief
discussion took place, which it was suggested that One Hundred Fifty Thousand
Dollars ($150,000.00) be transferred back to the KEDC until such park improvement
expenditures had taken place. Blackwell also advised that annual state report had
been filed.
3. Consider approval of Foxy Propaganda's Functional Grant for property located at
408 Kennedale Parkway, Kennedale, TX.
Robert Mundy moved to approve issuance of Functional Grant to Foxy Propaganda,
408 Kennedale Parkway, Kennedale, TX in the amount of Thirty Thousand Dollars
($30,000.00). Motion second by Beverly Hayes. Motion carried (5-0).
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II. EXECUTIVE SESSION
President, Nita Vaughn recessed into executive session at 7:32 p.m.
The Board of Directors will meet in closed session pursuant to Section 551.072 of the
Texas Government Code to deliberate the purchase, exchange, lease, or value of real
property.
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III. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY
PURSUANT TO EXECUTIVE SESSION.
President, Nita Vaughn reconvened into open session at 8:52 p.m.
Doug Parker moved to proceed as discussed in executive session, second by Robert
Mundy. Motion carried (5-0).
IV. STAFF ANNOUNCEMENTS/REPORTS
l . KEDC Director Announcement/Reports.
Mike Soab, KEDC Director briefed on the following:
1. Economic Summit to include SWOT Brainstorming Session scheduled for March
20, 2007 at 7:07 p.m. in the Kennedale Community Center; and
2. Attended P&Z Meeting to work on revamping Highway 287 Overlay District;
and
3. Recent hiring of City Manager; and
4. Status of TIF District; and
5. Presentation of TownCenter Plaza to Kennedale Park Board; and
6. Review of preliminary newsletter; and
7. Las Vegas Convention and Realtor Meeting along with promotional items to be
presented.
V. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports - No announcements/reports.
2. Board of Directors Announcements/Reports - No announcements/reports.
VL ADJOURNMENT
Beverly Hayes moved to adjourn at 9:17 p.m., second by Wayne Wooten. Motion carried
(5-0).
ATTEST:
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Kathy Tu er, Secretary to EDC