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03/20/2007, Regular Meeting Minutes238 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING -MARCH 20, 2007 405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President, Nita Vaughn called the meeting to order at 6:10 p.m. Members present: President, Nita Vaughn; Vice President, Robert Mundy; Board of Directors, Wayne Wooten, and Beverly Hayes. Doug Parker arrived at 6:17 p.m. Members absent: Board of Directors, Marsha Knox and Rob Morris. Staff present: Mark White, Interim Executive Director to KEDC, Kathy Turner, Secretary, Clifford Blackwell, III, Director of Finance and Treasurer, and Mike Soab, KEDC Director. I. REGULAR ITEMS 1. Consider approval of minutes: Regular Meeting dated February 20, 2007. Wayne Wooten moved to approve the regular meeting minutes dated February 20, 2007, second by Beverly Hayes. Motion carried (4-0). 2. Review of Financial Reports. Clifford Blackwell, III Treasurer advised the board that previous monies transferred to the Park Board for park improvements had been reversed back to the KEDC until such expenditures took place. Blackwell then addressed available funds, revenues and expenditures, and the sales tax history reports. 3. Consider approval of Functional Grant for interior improvements for the new Chamber facility located at 209 N. New Hope Road, Kennedale, TX. Robert Mundy moved to deny functional grant for Chamber facility located at 209 N. New Hope Road, Kennedale, TX, second by Doug Parker. Mundy, Parker, Vaughn and Hayes voted aye to deny grant, while Wooten voted nay. Motion carried (4-1). After vote, Board members expressed an interest in supporting the Chamber using a different venue other than grants. Mike Soab was directed to seek avenue/contract opportunity with Chamber for Chamber to provide services for a One Thousand Dollar ($1,000.00) contract fee. 4. Consider approval of Functional Grant for Raj Sharma dba Kennedale (Chevron) Filling Station located at 105 Kennedale Parkway, Kennedale, TX. Doug Parker moved to approve functional grant for Raj Sharma dba Kennedale Chevron Filling Station on a one to six ratio for a maximum of Nineteen Thousand Two Hundred Eighty Six Dollars ($19,286.00) subject to all City permits, inspections and Certificate of Occupancy clearance. Motion second by Wayne Wooten with all members present voting in favor. Motion carried (5-0). 239 5. Consider approval of Visual Grant for Raj Sharma dba Kennedale (Chevron) Filling Station located at ] OS Kennedale Parkway, Kennedale, TX. Robert Mundy moved to deny visual grant for Raj Sharma dba Kennedale Chevron Filling Station, second by Beverly Hayes. Mundy, Hayes, Wooten, and Parker voted aye to deny grant, while Vaughn voted nay. Motion carried to deny grant (4-1). No further discussion, President Vaughn entered into executive session at 7:00 p.m. II. EXECUTIVE SESSION 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. III. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION. President Vaughn reconvened into open session at 7:18 p.m. with no action taken by the Board of Directors on executive session. IV STAFF ANNOUNCEMENTS/REPORTS L KEDC Director Announcement/Reports. Mike Soab, KEDC Director provided the board with a revised concept plan of the TownCenter Plaza. Soab advised that he would await comments prior to proceeding to the next step of approval. Additionally, a copy would be provided to Council for comments, and from there it would go to specking out the concepts and plans. Next, Soab reminded everyone of the upcoming ICSC Conference to be held May 19 through 23`d and encouraged anyone wishing to attend, to please notify him so he could provide information regarding the conference. V. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS 1. President Announcements/Reports - No announcements/reports. 2. Board of Directors Announcements/Reports - No announcements/reports. VI. ADJOURNMENT Robert Mundy moved to adjourn the meeting at 7:20 p.m., second by Doug Parker. Motion carried (5-0). ATTEST: Kathy Turn r~ Secretary f 1 f