03/20/2001, KEDC Regular Meeting Minutes115
MINUTES OF
ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING -MARCH 20, 2001
~' 100 E. BROADWAY ST. -COMMUNITY CENTER
President Vaughn called the meeting to order at 7:02 p.m.
Members present: Nita Vaughn, Robert Mundy, Ron Kovach, John Berry, and Margaret
Eichelberger.
Members absent: Rob Morris.
Staff present: 'Ted Rowe, Kathy Turner, Li Jen Lee, and Dave White.
ITEM NO. 1 -Consider approval of minutes from regular meeting dated February 22, 2001.
John Berry moved to approve the regular meeting minutes dated February 22, 2001 as submitted,
second by Margaret Eichelberger. Motion carried.
ITEM N0.2 -Review monthly financial reports.
Mrs. Li Jen Lee, Treasurer reviewed the Revenue and Expenditure report for the period ending
February 28, 2001 and Sales Tax History.
A question and answer period followed with Mrs. Lee advising that grant monies were moved to
reflect as a liability, as requested by the board.
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ITEM NO.3 -Consider proposal for reconstruction, extension of 12-inch water main, and
acquisition ofright-of--way for New Hope Road.
Board members met with Mr. Eddie Cheatham and Mr. David Mayse representing Cheatham and
Associates to discuss the engineering feasible study for extension of Little School Road to New
Hope, and New Hope from Mansfield Highway to Hudson Village Creek Road. It was suggested
that the board meet again with Cheatham and Associates representative in approximately four
months to review the study prior to action. Cost estimates are to include both asphalt and
concrete.
Ron Kovach moved to approve funding for engineering feasible study for extension of Little
School Road to New Hope, and extension of New Hope to Hudson Village Creek Road, which
will include the water extension from Mansfield to New Hope Road. Motion second by Robert
Mundy and all members present voted in favor.
ITEM N0.4 -Consider proposal for extension of Little School Road.
This item was included in discussion under item three.
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ITEM NO. 5 -Consider partial funding of Business 287 expansion.
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Ron Kovach moved to tentatively ~iiounce to Council that the Economic Development
AMEN DED Corporation would be willing to fund $400,000.00 on a pro rata basis per invoices for expansion
x,19 ,Znol of Business 287, second by Margaret Eichelberger. Ron Kovach, Margaret Eichelberger and Nita
Vaughn voted aye, with Robert Mundy and John Berry opposing. Motion carried.
ITEM NO. 6 -Staff comments:
Economic Development Director Report -Mrs. Margaret Eichelberger updated members on the
Burger Box grant and said the Certificate of Occupancy is currently under review and should he
issued shortly. Board was in agreeance to go ahead with issuance of grant monies in the amount
of $26,400.
Executive Director Report - Mr. Ted Rowe advised that there were no new developments at
present and that no new information had been received from Wal-Mart. He did say that the City
of Arlington had contacted him in regards to approval of a plat from Wal-Mart including the
parcel of land within the Kennedale city limits, and that the City of Arlington would not approve
the plat without the City of Kennedale's approval. Mr. Rowe said he had not heard back from
Arlington and felt that the plat was still pending.
Project Coordinator Report - Mr. Dave White replied that all projects have been temporarily put
on hold with the exception of the 820 Comdor Analysis.
ITEM NO. 7 -Future agenda review.
For next month's agenda, President Vaughn requested that the 1999/2000 audit be placed on the
agenda for approval, and requested additional information relating to the written commitment
from TxDOT regarding the Business 287 expansion, and information relating to the 12-inch water
main on New Hope Road for review.
ADJOURNMENT
No other business, John Berry moved to adjourn the meeting at 8:29 p.m., second by Ron
Kovach. Motion carried.
APP OVED:
Pre dent, Nit aughn
ATTEST:
Secretary
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