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10/17/2006, Regular Meeting Minutes228 MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING -OCTOBER 17, 2006 405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President Vaughn called the meeting to order at 7:16 p.m. Members present: President, Nita Vaughn, Vice President, Robert Mundy, Board of Directors Beverly Hayes, and Wayne Wooten. Rob Morris arrived at 7:23 p.m. Members absent: Board of Directors, Marsha Knox and Doug Parker. Staff present: Mark White, Interim Executive Director; Mike Soab, EDC Director; Kathy Turner, Secretary, and James Cowey, Building Inspector. I. REGULAR ITEMS 1. Consider approval of minutes: regular meeting dated September 14, 2006. Wayne Wooten moved to approve the regular meeting minutes dated September 14, 2006, second by Beverly Hayes. Motion carried (4-0). Note: Rob Morris arrived after the vote on the minutes so action does not reflect his presence. 2. Review of Financial Reports. Mike Soab, EDC Director addressed the financial reports for the month ending September 30, 2006. II. STAFF ANNOUNCEMENTS/REPORTS 1. Economic Development Director -Mike Soab, EDC Director reported on local KEDC marketing efforts, and provided a summary of contacts made at the International Council of Shopping Centers Texas Conference that was held in San Antonio. III. EXECUTIVE SESSION President Vaughn recessed into executive session at 7:30 p.m. 1. 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. 2. The Board of Directors will meet inclosed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, exchange, lease, or value of real property. 229 IV. RECONVENE INTO OPEN SESSION AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION. President Vaughn reconvened into open session at 8:29 p.m. Beverly Hayes moved for EDC Director, Mike Soab to proceed with actions on topics discussed in executive session, second by Robert Mundy. Motion carried (5-0). V. ADJOURNMENT Wayne Wooten moved to adjourn the meeting at 8:31 p.m., second by Rob Morris. Motion carried (5-0). ~D: / -1 ~ ~~ Nita V` u~hn ATTEST: -~_ Kathy Tu ner, EDC Secretary