09/27/2005, KEDC Regular Meeting Minutes199
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING -SEPTEMBER 27, 2005
~+ 405 MUNICIPAL DR. - KENNEDALE MUNICIPAL BLDG.
CONFERENCE ROOM
7:15 PM
President Vaughn called the meeting to order at 7:15 p.m.
Members present: President Vaughn, Vice-President Munn, Mundy, Morris, Knox, and Norwood.
Members absent: Hayes
Staff present: David Miller, Executive Director; and Margaret Eiehelberger, Economic
Development Director.
A. REGULAR ITEMS
President Vaughn moved item six for consideration prior to item one.
6. Consider selection of President and Vice-President to serve aone-year term.
Ballots were presented to board members for the selection of a president and vice-
president. Ballots casts reflected a unanimous vote for Nita Vaughn as President, and a
~ tie between Robert Mundy and Rob Morris for Vice-President. A coin toss was made
with Rob Morris calling tails, and coin reflected heads, which resulted in Robert Mundy
being named Vice-President.
1. Consider approval of minutes: regular meeting dated July 19, 2005, and workshop dated
August 16, 2005.
Bill Munn moved to approve minutes as submitted contingent upon meeting minutes
dated August 16, 2005 reflect Marsha Knox was absent. Motion second by Jim Norwood
and all. members present voted in favor.
2. Review of financial reports.
Board members reviewed financial reports for the month ending August 2005.
3. Consider approval of contract with GSBS for the Re-development Plan/Industrial Park
Land Master Plan.
Bill Munn moved to approve contract with GSBS as outlined and presented for the Re-
Development Plan/Industrial Park Land Master Plan; second by Jim Norwood. Motion
carried with all members present voting in favor.
4. Consider approval of Visual Revitalization Grant, requested by the Fowler Group.
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Jim Norwood moved to approve Visual Revitalization Grant in the amount of Four
Thousand Four Hundred Seventeen Dollars ($4,417.00) based on a 2 to 1 ratio to "fMF
Graphics contingent upon striking "necessary from damage and displacement during
200
Kennedale Parkway expansion" from Project Description, Page one of three, 3rd
paragraph, 4`~' bullet point so bullet reads "Drive and Parking Repairs." Motion second
by Bill Munn.
Rob Morris questioned if the Board would be limiting funds to TMF Graphics by striking
the wording "necessary ,from damage and displacement during Kennedale Parkway
expansion?" It was noted that the bids are fairly accurate as to what is presented and an
overrun has never occurred.
Motion carried with all present voting in favor.
5. Consider approval of Functional Improvement Crant, requested by the Fowler Group.
Robert Mundy moved to approve Functional Improvement Grant to TMF Graphics based
on a 1 to 7 ratio up to a maximum of Thirty Thousand Dollars ($30,000.00). Motion
second by Marsha Knox. Motion carried.
B. PRESIDENT/BOARD ANNOUNCEMENTS/REPORTS
1. President Announcements/Reports
A brief discussion took place regarding the monument entrance sign and what the
appropriate wording should reflect on the sign. It was the consensus of the board to add
the word "the" to the sign so it would read "Welcome to the Ciry of Kennedale." It was
noted that Margaret Eichelberger will check with A Plus Signs to receive a cost estimate,
proceed with order, and present information back before the board for approval at the
October meeting.
2. Board of Directors Announcements/Reports
No announcement or reports were made.
C. ADJOURNMENT
Rob Morris moved to adjourn the meeting at 8:23 p.m., second by Marsha Knox. Motion
carried.
ATTEST:
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Kathy Turner, Secretary to EDC
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