08/30/2007, Special Meeting Minutes
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
SPECIAL MEETING -AUGUST 30, 2007
405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
7:30 PM
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Vice President, Robert Mundy called the meeting to order at 7:42 p.m.
Members present: Vice-President, Robert Mundy, Board of Directors, Wayne Wooten, Beverly
Hayes and Rob Morris.
Members absent: President, Nita Wilson, Board of Directors Marsha Knox and Doug Parker.
Staff present: Bob Hart, Executive Director, Mike Soab, KEDC Director, Kathy Turner,
Secretary, and Clifford Blackwell, Treasurer.
I. PUBLIC HEARINGS
(a) To receive citizen's comments regarding KEDC projects for fiscal year 2007-2008:
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1. Project Planning and Development of a "mid-city" downtown district including
but not limited to the commercial, medical, retail, and New Urbanism style
(typically higher density/multi-storied) residential growth of TownCenter
Kennedale and its surrounding area;
2. The construction and maintenance of the Plaza at TownCenter Kennedale;
3. The construction of a new TownCenter Kennedale Monument Civic Message
Sign on Kennedale Parkway;
4. The development and implementation of Kennedale Parkway, Village Creek,
and I-20 commercial and residential Urban Renewal / Development /
Redevelopment /Revitalization /Beautification plans and actual projects
derived from these plans;
5. The Creation of a Tax Increment Financing District(s) (TIF) including
Consultation, Planning, Legal and Engineering Services;
6. A Commercial Marketing and Implementation Plan aimed at' City Branding
and attracting new Kennedale projects and businesses;
7. The continuation of the existing Visual and Functional Grants Program and
funding;
8. The attraction and development of DFW Metroplex area commuter transit /
light rail /mass transportation services including the development of a
Kennedale rail station and related infrastructure improvements;
9. All necessary services and related expenses for the above projects including but
not limited to project master-planning; engineering; project advertising /
marketing; related consultant and legal services; new construction /remodeling
/ maintenance of landscaping, roadways, City /KEDC owned or leased
buildings, and their related infrastructure improvements;
10. The purchase /leasing / /sale or other means of transfer of real estate land and
properties for the accomplishment of the above designated projects.
No persons registered to speak for or against proposed projects. Vice President,
Mundy closed the public hearing at 7:47 p.m.
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(b) To receive citizen's comments regarding the KEDC proposed budget for fiscal year
2007-2008.
No persons registered to speak for or against proposed budget. Vice President,
Mundy closed the public hearing at 7:48 p.m.
II. REGULAR ITEMS
(a) Review and consider eligible projects for economic development, allow
expenditure of funds collected from 4B Sales Tax and forward recommendation to
City Council for consideration.
Beverly Hayes moved to forward a recommendation to city couch to consider
eligible projects for economic development, and allow expenditure of funds
collected from 4B Sales Tax, second by Rob Morris. Motion carried (4-0).
(b) Review and consider proposed KEDC proposed 2007-2008 budget and forward
recommendation to Council for consideration.
Rob Morris moved to forward a recommendation to city council to consider KEDC
proposed 2007-2008 budget, second by Beverly Hayes. Motion carried (4-0).
III. ADJOURNMENT
Wayne Wooten moved to adjourn the meeting at 8:11 p.m., second by Rob Morris.
Motion carried (4-0).
APPROVED:
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.~ _..-
C~ Vice Presi ent, Ro undy
ATTEST:
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Kathy Turn~Secretary to KEDC
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