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02/21/2006, Regular Meeting Minutes206 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING -FEBRUARY 21, 2006 405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President Vaughn called the meeting to order at 7:20 p.m. Members present: President Vaughn, Vice-President Mundy, Hayes, Munn and Norwood. Morris arrived at 7:28 p.m. Members absent: Knox Staff present: David Miller, Executive Director; Kathy Turner, Secretary; Carolyn Marshall, Treasurer; George Staples, Legal Counsel; and Greg Shropshire with Patillo, Brown & Hill, L.L.P., Auditing Firm. A. EXECUTIVE SESSION President Vaughn entered into executive session at 7:21 p.m. 1. The Board of Directors will meet in closed session pursuant to Section 551.072 of the Texas Government Code (Acquisition of Real Property) to deliberate the purchase, exchange, lease, or value of real property. 2. The Board of Directors will meet in closed session pursuant to Section 551.074 of the Texas Government Code regarding the appointment, employment, evaluation, reassignment, and duties of the Economic Development Director. B. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION. President Vaughn reconvened into open session at 8:50 p.m. No action was taken on executive session items. C. REGULAR ITEMS 1. Consider approval of minutes: regular meeting dated January 17, 2006. Robert Mundy moved to approve the regular meeting minutes dated January 17, 2006 as presented, second by Beverly Hayes. Motion carried (6-0). 2. Consider approval of Independent Auditor's Report for year ended September 30, 2005. Robert Mundy moved to accept the Independent Auditor's Report for year ended September 30, 2005, second by Jim Norwood. Greg Shropshire with Patillo, Brown & Hill, L.L.P. addressed the audit report. With no questions, motion carried to accept the report (6-0). 207 3. Review of Financial Reports. Financial reports for the month ending January 30, 2006 were provided to board members for review. 4. Consider and award contract for landscape and irrigation around City Entrance Monument. Jim Norwood moved to award contract for landscape installation, irrigation and one-time hydro-mulch to Aesthetic Landscape in the amount of Thirteen Thousand Two Hundred Thirty Eight Dollars ($13,238.00). Motion second by Bill Munn. Motion carried (6-0). 5. Discussion regarding International Council of Shopping Centers annual conference. It was suggested that the City Manager and Mayor of the City, as well as the President and Vice-President of the Economic Development Corporation attend the International Council of Shopping Centers annual conference in May 2006. Bill Munn moved to approve suggested members attend the annual conference, second by Rob Morris. Motion carried (6-0). 6. Consider approval of Visual Grant for Burger Box, requested by Mike Barton. Jim Norwood moved to approve Visual Grant for Burger Box subject to legal approval in an amount not to exceed Two Thousand Seven Hundred Thirty Two Dollars ($2,732.00). Motion second by Bill Munn with all members present voting in favor (6-0). D. STAFF ANNOUNCEMENTS/REPORTS 1. Executive Director Announcements/Reports. David Miller, Executive Director introduced Carolyn Marshall, Interim Director of Finance to the Board. Mr. Miller also advised that March 1, Clifford Blackwell would come on board full time to serve as Director of Finance, and would be attending future meetings. E. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS 1. President Announcements/Reports President Vaughn announced that the Kennedale Park Board would be making a presentation before the Board at the March meeting. 2. Board of Directors Announcements/Reports No announcements/reports were made. 208 F. ADJOURNMENT President Vaughn adjourned the meeting at 9:40 p.m. APP OVED: Pre 'dent, Nita D. Vaughi ATTEST: Kathy Turn r, Secretary to EDC 1