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Quick clips: Kennedale EDC — finance snapshot and closed-session notice
Summary
Two short highlights from the Kennedale EDC meeting: (1) finance staff on sales-tax timing and fund balance; (2) president reading statutes for a closed executive session on property and economic-development negotiations.
1) John, finance staff: “We're really not gonna see October's numbers until December,” explaining a two-month lag in sales-tax reporting; he added the EDC holds about “340 days of fund balance remaining.”
2) President (reading statutory basis for closed session): “deliberation regarding the purchase exchange or lease value of real property... consultation with counsel on legal matters... deliberation regarding economic development negotiation.”
