11/19/2002, KEDC Regular Meeting Minutes146
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIItECTORS
t""' REGULAR MEETING -NOVEMBER 19, 2002
405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
Vice-President Mundy called the meeting to order at 7:03 p.m.
Members present: Robert Mundy, John Berry, Dempsey Farmer, Margaret Eichelberger, Robert
Morris and Bill Munn. Nita Vaughn arrived at 7:05 p.m., and at this time, Vice-President Mundy
relinquished Chair to President Vaughn.
Members absent: None
Staff present: David Miller and Kathy Turner.
A. REGULAR ITEMS
1. Consider approval of minutes: regular meeting dated October 14, 2002.
Robert Mundy moved to approve the regular meeting minutes dated October 14, 2002
contingent upon correcting the last sentence in the first paragraph of item three to read as
follows: "In addition, the City Council adopted a revised comprehensive thoroughfare
plan that reflects the future route of Little School Road." Motion second by Margaret
Eichelberger with Mundy, Eichelberger, Vaughn, Dempsey, Morris and Munn voting
~"'~'' aye. John Berry abstained due to absence of meeting. Motion carried.
2. Review financial reports.
Month end reports ending September 30, 2002 were provided to the Board of Directors
for review.
3. Consider approval to authorize President to execute engagement letter for financial audit
with Pattillo, Brown & Hill, L.L.P. for the year ended September 30, 2002
Margaret Eichelberger moved to authorize President Vaughn to execute engagement
letter for financial audit with Pattillo, Brown & Hill, L.L.P., second by Bill Munn.
Motion carried unanimously.
4. Consider and award bid for 12-inch water line for New Hope Road project.
Bill Munn moved to award bid for 12-inch water line along New Hope Road to Brett
Construction Company for $304,013.25 with an additional 10% percent set aside for
contingency, second by Robert Morris with all members voting in favor.
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B. STAFF COMMENTS
1. Executive Director Report
David Miller presented before the Board two alternate routes to connect Highway 287 to
Little School Road to I-20. Both routes presented are the most cost effective way to
make this connection and would require an amendment to the existing Master Land Use
Plan. Concerns relating to the purchase of right-of--way, as well as condemnation issues
were also addressed.
David Mayes and Eddie Cheatham with Cheatham and Associates were present to answer
questions.
Robert Mundy requested that Exhibit E be reviewed to see if it could be utilized for this
connection in order to eliminate traffic from New Hope Road and to offset the cost
dealing with drainage issues.
2. Economic Development Director Report
Margaret Eichelberger informed the board that she had received a couple of inquiries on
grants, but had not received any further information.
C. PRESIDENTBOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports - No announcements or reports.
2. Board of Directors Announcements/Reports - No announcements or reports.
D. ADJOURNMENT
Robert Mundy moved to adjourn the meeting at 8:15 p.m., second by Dempsey Farmer.
Motion carried unanimously.
ATTEST:
Secretary
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