07/22/2003, KEDC Regular Meeting Minutes160
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
'~ REGULAR MEETING -JULY 22, 2003
405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
President Vaughn called the meeting to order at 7:10 p.m.
Members present: President Vaughn, Berry, Munn, and Eichelberger. Morris arrived at ?:13
p.m.
Members absent: Vice-President Mundy and Farmer.
A. REGULAR ITEMS
1. Approval of minutes: regular meeting dated May 20, 2003.
Bill Munn moved to defer approval of the minutes, second by Rob Morris. John Berry
abstained due to absence of meeting. Motion carried.
2. Review of financial reports.
Month end reports for July 31, 2003 were provided for review, as well as fiscal year
2002-2003 sales tax history. A brief question and answer period took place regarding a
Capital Expenditure of Forty-Five Thousand Twenty Dollars. It was noted that the
°~ expense was related to the purchase of the ambulance.
3. Consider approval of application for Commercial Revitalization Grant Program,
requested by Chris Moore, Great Beginnings University.
Bill Munn moved to approve Commercial Revitalization Grant to Chris Moore of Great
Beginnings University in the amount not to exceed $7,655.00, which represents a
removal of park technical drawings and permits, based on a 1 to 6 ratio. Motion second
by John Berry. Margaret Eichelberger abstained due to working relationship with
applicant. Motion carried with Munn, Berry, Vaughn and Morris voting in favor.
4. Discussion regarding comprehensive study for redevelopment plan.
A question and answer period took place regarding the City's business climate and
history for the comprehensive study and redevelopment plan being prepared by the
University of Texas at Arlington.
B. STAFF COMMENTS
1. Executive Director Report
Mr. Miller advised that there has been discussion on obtaining another grocery chain to
locate within Kennedale, and requested that the board consider purchasing various sites
for future development.
161
2. Economic Development Director Report
Mrs. Eichelberger informed the Board that she would present the 2003/2004 proposed
budget during the August meeting, which would reflect a very lean budget.
C. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports - No announcements/reports.
2. Board of Directors Announcements/Reports - No announcements/reports.
D. ADJOURNMENT
President Vaughn adjourned the meeting at 9:27 p.m.
ATTE-ST: '
ED Secre ry
APPROVED: ///'
^7 1
. v
P sident, Nita D. V ghn
,,