04/15/2003, KEDC Regular Meeting Minutes153
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING -APRIL 15, 2003
405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
President Vaughn called the meeting to order at 7:00 p.m.
Members present: President Vaughn, Vice-President, Mundy, Berry, Farmer, Munn, and
Eichelberger. Morris arrived at 7:05 p.m.
Members absent: None
it
Staff present: David Miller, Executive Director, and Li Ten Lee, Director of Finance.
A. REGULAR ITEMS
1. Consider approval of minutes: regular meeting dated December 17, 2002 and workshop
dated February 18, 2003.
Bill Munn moved to approve the minutes above as submitted, second by Dempsey
Farmer. Munn, Farmer, Vaughn, and Eichelberger voted aye, with Berry abstaining due
to absence of meeting. Motion carried.
2. Review Financial Reports.
Month end reports for January, February, and March 2003 were provided to the Board of
Directors for review, as well as sales tax report.
A brief question and answer period followed regarding the funding of the new
ambulance, and projected sales tax revenue.
3. Consider approval of annual audit for fiscal year ending September 30, 2002.
]ohn Berry moved to approve annual audit for fiscal year ending September 30, 2002,
second by Robert Mundy. Motion carried unanimously.
4. Consider application for Commercial Revitalization Grant Program, requested by R.E.
Watson & Associates, Inc.
John Berry moved to approve Functional Revitalization Grant application to R.E. Watson
& Associates, Inc., for a proposed warehouse at 620 Tower Drive with an approximate
cost of $210,253.92 (less items one through six as listed on the Schedule of Expenses
submitted by Mr. Watson $15,023.83) for a total of $195,230.09 based on a 1 to 6 ratio
up to a maximum of $30,000.00, second by Robert Mundy.
A brief discussion took place regarding total amount of items one through six, ratio, and
costs of engineering fees.
ti.~.
154
Berry, Mundy, Vaughn, Munn, Farmer, and Morris voted aye, with Eichelberger
abstaining due to working relationship with applicant. Motion carried.
5. Consider and discuss Community ID.
After a brief discussion, Executive Director, David Miller recommended the Board holds
off action on this item and re-visits the issue during the next budget year contingent upon
what properties would become available.
B. STAFF COMMENTS
1. Executive Director Report
David Miller, Executive Director reported on the following issues:
1. Abatement default and citations issued to FWT, Inc.
2. Reconstruction of Dick Price Road.
3. Two proposed preliminary plats.
4. Bowman Springs Road project, and
5. May 17, 2003 Concert in the Park.
2. Economic Development Director Report
Margaret Eichelberger, Economic Development Director advised that New Hope Road
12-inch water line project was completed within the 120-day timeframe, and that all
property owners donated the required right-of--way, which reduced the overall ';
expenditures.
C. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports
President Vaughn questioned the status of the empty grocery store. Mr. Miller replied
that negotiations were taking place for another store to move in.
2. Board of Directors Announcements/Reports
a. Board of Director, Bill Munn will make presentation regarding UTA Project.
Bill Munn, Board of Director made a presentation before the Board regarding a
proposal to allow the University of Texas at Arlington to prepare a concept plan for
the City of Kennedale. Mr. Munn replied that a graduate class would be assigned to
the project and that the City could benefit from the program, as it would provide a
basic concept as to what could be established to a certain area.
Robert Mundy reminded the board that before the EDC could take on a project, a
public hearing would be required with a recommendation forwarded to the City
Council for their approval, prior to expending 4B sales tax monies.
155
It was the consensus of the Board to go ahead and proceed with the proposal
contingent upon meeting public hearing requirements and approval from City
Council.
~wi.r
D. ADJOURNMENT
No other discussion, President Vaughn adjourned the meeting at 8:20 p.m.
ATTEST:
~~
Secretary
,~;
'~...