2010_08.24 EDC Agenda AGENDA
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING — AUGUST 24, 2010
405 MUNICIPAL DR. — KENNEDALE MUNICIPAL BLDG.
COUNCIL CHAMBERS
7:15 PM
CALL TO ORDER
II. ROLL CALL
III. REGULAR ITEMS
A. Review and consider action to approve regular meeting minutes dated July 20, 2010.
B. Review KEDC Financial Reports.
C. Review and consider action to forward a recommendation to City Council to consider
2010 -2011 Fiscal Year Budget, KEDC Projects, and Texas Leverage Fund Project.
D. Review and consider action to approve Resolution No. 4, authorizing and approving a loan
4110 from the office of the Governor Economic Development and Tourism Division authorizing
the execution and delivery of the Loan Agreement and related documents, authorizing the
pledge of sales and use tax receipts, and other matters in connection therewith.
E. Review and consider action on welcome monument sign to be located on Dick Price Road.
F. Receive report from the Keep Kennedale Beautiful Commission.
G. Review and consider action to change date and time of future meetings.
IV. STAFF ANNOUNCEMENTS/REPORTS
A. Executive Director Report.
1. TownCenter Development
2. Skate Board Shop Grant Request
B. Orasi Development Report
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V. PRESIDENTBOARD ANNOUNCEMENTS /REPORTS
A. President Announcements/Reports
I . Report agenda items to be posted for future meetings.
VI. EXECUTIVE SESSION
A. The Economic Development Corporation will meet in closed session pursuant to Section
551.087 of the Texas Government Code to deliberate the offer of a financial or other
incentive to a business prospect with which the city is conducting economic development
negotiations.
1. Acquisition of Real Property
• 1000 E. Kennedale Parkway
• 5500 W. Kennedale Parkway
2. Texas Leverage Fund for Grover Corporation
VII. RECONVENE INTO OPEN SESSION AND TAKE ACTION PURSUANT TO
EXECUTIVE SESSION, IF NECESSARY.
VIII. ADJOURNMENT
CIO
In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for
reasonable accommodations for persons attending KEDC meetings. This building is wheelchair
accessible, and parking spaces for disabled citizens are available. Requests for sign interpreter
services must be made forty -eight (48) hours prior to the meetings. Please contact Kathy Turner,
City Secretary, at 817.985.2104 or (TDD) 1.800.735.2989
CERTIFICATION
I certify that a copy of the August 24, 2010, KEDC Agenda was posted on the City Hall bulletin board
next to the main entrance of the City Hall building, 405 Municipal Drive, of the City of Kennedale,
Texas, in a place convenient and readily accessible to the general public at all times and said Agenda was
posted on the following date and time: Friday, August 20, 2010 at 5:30 PM, and remained so posted
continuously for at least 72 hours preceding the schedule time of said meeting, in accordance with
Chapter 551 of the Texas Government Code.
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Kathy Turne , RMC /CMC Date Agenda Removed from bulletin board
City Secretary