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05/20/2003, KEDC Regular Meeting Minutes157 MINUTES OF KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIItECTORS ~+ REGULAR MEETING -MAY 20, 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, Munn, and Eichelberger. Mon-is arrived at 7:13 p.m. Members absent: Berry and Farmer. Staff present: None A. REGULAR ITEMS 1. Approval of minutes: regular meeting dated April 15, 2003, and special meeting dated May 5, 2003. Bill Munn moved to approve the regular meeting minutes dated April 15, 2003, second by Robert Mundy. Motion carried with Munn, Mundy, Vaughn, and Eichelberger voting in favor. Motion carried. Robert Mundy moved to approve special meeting minutes dated May 5, 2003, second by +r.. Nita Vaughn. Motion carried with Mundy, Vaughn, Munn, and Eichelberger voting in favor. Motion carried. Rob Morris arrived after initial vote was taken on minutes, therefore his name does not reflect in motions taken. 2. Review Financial Reports. Month end reports for Apri130, 2003 were provided to the Board of Directors for review, as well as fiscal year 2002-2003 sales tax history. 3. Consider application for Commercial Revitalization Grant Program, requested by Alfredo Romero of Angela's Mexican Restaurant. Bill Munn moved to approve Functional Revitalization Grant application to Alfredo Romero of Angela's Mexican Restaurant at 445-D Mansfield Highway based on a 1 to 6 ratio with an expenditure up to $2,285.00, second by Robert Mundy. Motion carried. B. STAFF COMMENTS 1. Executive Director Report E No report given as Mr. Miller was not present at the meeting. ~+++ 2. Economic Development Director Report 158 3 Margaret Eichelberger, Economic Development Director briefed the board on request for grants she has received, and said that those request are coming from businesses appearing before the Board of Adjustment. Ms. Eichelberger said due to the deadlines issued by the BOA and the EDC deadlines, the two just did not coincide, therefore negative feedback had been received. C. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS 1. President Announcements/Reports President Vaughn advised that contract documents are being prepared for the preparation of the EDC project. 2. Board of Directors Announcements/Reports Board of Director, Bill Munn provided a draft course syllabus for the redevelopment plan for downtown Kennedale and surrounding neighborhoods for review. He said a meeting needed to be scheduled prior to the start date to clarify the contract needs. A brief discussion followed with material requirements to assist with the project. D. ADJOURNMENT Bill Munn moved to adjourn the meeting at 7:23 p.m., second by Robert Mundy. Motion carried. AP~'ROVED: ''~ ,~ ~.. . _ _ -~ P esident, Nita D. aughn ATTEST: K thy T er, Secretary J