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12/16/2003, KEDC Regular Meeting Minutesloo MINUTES KENNEDALE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS REGULAR MEETING -DECEMBER 16, 2003 ~' 405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG. CONFERENCE ROOM President Vaughn called the meeting to order at 7:30 p.m. Members present: President Vaughn, Vice-President Mundy, Berry, Munn, and Hayes. Moms arrived at 7:35 p.m. Members absent: Farmer Staff present: Margaret Eichelberger, EDC Director. A. REGULAR ITEMS 1. Approval of minutes: regular meeting dated October 21, 2003, and special meeting dated October 30, 2003. Robert Mundy moved to approve the minutes with corrections noted: October 21, 2003, Item 7 -add the word "approve" to motion to read "John Berry moved to approve Functional Grant, etc." ~`~"' October 30, 2003, correct signatures to read "President, Nita D. Vaughn" and "Kathy Turner, Secretary to EDC". Motion second by John Berry. Motion carried. 2. Consider approval of check for Functional Grant issued to Great Beginnings University. Robert Mundy moved to issue a check to Great Beginnings University in the amount of $5,668 with an option to pay the balance of the grant once paid invoices are submitted for review. Motion second by Rob Morris with all members voting in favor. B. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS 1. President Announcements/Reports President Vaughn advised at the next meeting that Callahan & Associates would make a presentation regarding the city entrance. 2. Board of Directors Announcements/Reports It was noted that a future agenda item be included to review the process of grant payouts. 171 C. ADJOL7RNMENT i Robert Mundy moved to adjourn the meeting at 8:30 p.m., second by Beverly Hayes. Motion carried. ROVED: Nita D. V ATTEST: ./L.~.//'./O Kathy T er, Secretary to EDC