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Kennedale EDC hears finance update, approves consent agenda and goes into closed session on potential property deal
Summary
The Kennedale Economic Development Corporation heard a finance update noting a lag in sales-tax receipts and about 340 days of fund balance, approved a corrected consent agenda, and entered executive session to discuss potential real-property and economic-development negotiations under Texas law; no action was reported afterward.
Kennedale’s Economic Development Corporation heard a finance update, approved its consent agenda and moved into an executive session to discuss potential real-property and economic-development negotiations, the board said at its regular November meeting.
John, finance staff, told the board that October sales-tax receipts are not yet posted — “we're really not gonna see October's numbers until December” — explaining that sales-tax figures typically lag by two months. He said rental fees account for about 8% of the EDC’s…
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