09/16/2003, KEDC Regular Meeting Minutes164
MINUTES OF
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
REGULAR MEETING -SEPTEMBER 16, 2003
+~~+ 405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
President Vaughn called the meeting to order at 7:04 p.m.
Members present: President Vaughn, Vice-President Mundy, Munn, Farmer, Morris, and
Eichelberger.
Members absent: Berry
Staff present: None
A. REGULAR ITEMS
1. Approval of minutes: regular meeting dated August 19, 2003.
Bill Munn moved to approve the minutes as submitted, second by Dempsey Farmer.
Motion carried.
2. Review of Financial Reports.
Month end reports for August 31, 2003 were provided for review, as well as fiscal year
2002-2003 sales tax history. Rob Moms questioned what was provided in the budget
1Y.r under operating expenditure account "Services". Margaret Eichelberger replied that she
would visit with the Direct of Finance and advise members what expenditures are listed
under this account.
3. Consider application for Commercial Revitalization Program, requested by Mark Watson
for R.E. Watson & Associates, Inc., located at 620 Tower Dr., Kennedale, TX.
Robert Mundy moved to grant an economic development revitalization grant (exterior)
based on aone-dollar grant to atwo-dollar equity ratio, not to exceed $2,021.00 in
accordance with standing rules. Rob Morris second the motion with Mundy, Morris,
Munn, Vaughn, and Farmer voting in favor, while Eichelberger abstained due to working
relationship with applicant. Motion carried.
B. STAFF COMMENTS
1. Executive Director Report - No report.
2. Economic Development Director Report
EDC Director, Margaret Eichelberger reported on the following:
1) Update on grant issued to Angela's Mexican Restaurant. She said grant had been
completed, and once all receipts were reviewed for compliance a report would be
provided at the next meeting.
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2) Inquire and encourage the Chamber to hold their October luncheon at Angela's to
help patronize the local businesses, versus the community center building.
3) Update on grant related to Great Beginnings University and said owner is working to
meet deadlines, which is not due until January 2004, and said additional inquiries had
been received for grant information.
4) Advised that final report for Kennedale Town Center Redevelopment Plan had not
been received, and invoice was needed due to year-end.
5) Questioned Board if they would be interested in obtaining quotes for entrance project
on south side of Little School Road at triangle south of Shady Creek East, as noted in
Redevelopment Plan.
6) Advised that 4B Sales Tax laws have changed and board could no longer purchase
land.
7) Discussed matters relating to EDC web-site, and questioned if board would rather
link to City web-site once completed versus maintaining a separate site. Board was
in favor of link, but recommended that EDC domain be retained due to insignificant
costs.
C. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports
President Vaughn introduced the Board to Beverly Hayes, who will take office October
1st. Ms. Hayes was appointed to fill the vacant position of Margaret, who chose to step
aside, but will remain part-time as EDC Director.
2. Board of Directors Announcements/Reports - No announcements/reports.
D. ADJOURNMENT
Rob Morris moved to adjourn the meeting at 7:45 p.m., second by Dempsey Farmer. Motion
carried.
APPROVED:
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esident, Nita D. V' ghn
ATTEST:
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Kathy Turner, Secretary
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