05/15/2007, Regular Meeting Minutes242
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING -MAY 15, 2007
405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
CITY COUNCIL CHAMBERS/CONFERENCE ROOM
President, Nita Vaughn called the meeting to order at 7:16 p.m.
Members present: President, Nita Vaughn; Vice President, Robert Mundy; Board of Directors,
Wayne Wooten, Beverly Hayes, Doug Parker, and Rob Morris.
Members absent: Board of Director, Marsha Knox.
Staff present: Mike Soab, KEDC Director.
President Vaughn recessed the meeting at 7:17 p.m. to enter into the Kennedale City Council
Chambers for joint meeting with City Council.
I. REGULAR ITEMS
(a) Joint meeting with the City Council regarding a presentation by Tim King, Center for
Cooperative Innovation relative to broadband and other opportunities in Kennedale.
Tim King, Center for Coooperative Innovation provided a presentation relative to
broadband and Public/Private Partnership Strategy. During his presentation, Mr.
King addressed the Public/Private Partnership vision, Public/Private Partnership
Program Menu, Kennedale's focus and first steps, cost and expense
acknowledgement topics, the "Community Portal" tool-kit, methodology and process
steps.
President Vaughn reconvened into open session for the KEDC meeting at 8:50 p.m.
(b) Consideration/Approval of minutes: Regular Meeting dated April 17, 2007.
Robert Mundy moved to approve regular meeting minutes dated April 17, 2007,
second by Doug Parker. Motion carried with Mundy, Parker, Wooten, Morris, and
Vaughn voted aye, with Hayes abstaining due to absence of meeting. Motion carried
(5-0-1).
(c) Review of Financial Reports.
Financial reports were not reviewed due to Treasurer's attendance at City Council
meeting.
(d) Consideration/Approval of process for a Grant not to exceed $1,978.00 to Chicken
Express for Functional renovations.
243
Doug Parker moved to approve grant in an amount not to exceed One Thousand Nine
Hundred Seventy Eight Dollars ($1,978.00) to Chicken Express for functional
renovations, second by Robert Mundy. Motion carried (6-0).
(e) Consideration/Approval of Professional Services Agreement between the KEDC and
Mark Spencer dba MHS Planning and Design for the design and oversight of
TownCenter "Plaza".
Rob Morris moved to approve Contract for Professional Services Agreement between
the KEDC and Mark Spencer dba MHS Planning and Design for the design and
oversight of TownCenter "Plaza" in the amount of Seventy One Thousand Four
Hundred Fifty Dollars ($71,450.00) with a cap on additional cost at Five Thousand
Dollars ($5,000.00) subject to legal counsel approval, second by Doug Parker.
Motion carried (6-0).
II. STAFF ANNOUNCEMENTS/REPORTS
(a) Executive Director Announcement/Reports - No reports/Announcements due to
attendance at City Council meeting.
(b) KEDC Director Announcement/Reports.
Mike Soab, KEDC Director provided an update to the Board regarding the shopping
center purchase, upcoming ICSC Shopping Center Conference, and luncheon held for
Commercial Realtors.
III. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
(a) President Announcements/Reports - No Announcements/Reports.
(b) Board of Directors Announcements/Reports - No Announcements/Reports.
IV. ADJOURNMENT
Wayne Wooten moved to adjourn the meeting at 9:53 p.m., second by Beverly Hayes.
Motion carried (6-0).
APPROVED:
"~ Vices esident, Ro rt P. lv~y
ATTEST:
Kathy Turne ,Secretary to KEDC