Kennedale EDC reviews finances, town center repairs, EV charger grant and 9/11 memorial plans
May 12, 2026 | Kennedale, Tarrant County, Texas
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EDC staff presented the March financial report and updates on the Town Center and other community initiatives during the May 11 meeting.
John reported sales tax revenues of $356,000 to date — about 34% of the annual budget — and said rental fees were at 48.1% while EDC operations were at 50.2% of budget. He told the board the EDC’s fund balance is just over $2,000,000, which he characterized as approximately 331 days of reserve (about 90%).
The board discussed Building 1 in the Town Center (the former Dollar General), where staff said plumbing and electrical problems have required significant repairs, including replacement of a sewer line that will reduce net revenue from the center. Board members and staff reviewed lease expectations with a YMCA tenant, repair costs and how renovations affect short-term breakeven projections.
On EV infrastructure, staff said the city has been approved for a grant managed by the regional Council of Governments (COG). "COG right now is soliciting vendors. They would run and actually operate the piece," John said, adding that the city would own the chargers while a private operator would handle day-to-day operations and required reporting. Staff estimated the COG RFQ process and installation management could take a minimum of six months.
The EDC also discussed community events and a 25th-anniversary commemoration of the 9/11 memorial in Town Center Plaza. The city manager proposed ordering challenge coins as promotional items (initial estimate roughly $1,000 for 200 coins) and said the memorial ceremony is planned for Sept. 11 at 9 a.m.
Board members unanimously approved the consent agenda earlier in the meeting (the packet included the March 24, 2026 minutes). The meeting adjourned following the agenda items and discussion.
John reported sales tax revenues of $356,000 to date — about 34% of the annual budget — and said rental fees were at 48.1% while EDC operations were at 50.2% of budget. He told the board the EDC’s fund balance is just over $2,000,000, which he characterized as approximately 331 days of reserve (about 90%).
The board discussed Building 1 in the Town Center (the former Dollar General), where staff said plumbing and electrical problems have required significant repairs, including replacement of a sewer line that will reduce net revenue from the center. Board members and staff reviewed lease expectations with a YMCA tenant, repair costs and how renovations affect short-term breakeven projections.
On EV infrastructure, staff said the city has been approved for a grant managed by the regional Council of Governments (COG). "COG right now is soliciting vendors. They would run and actually operate the piece," John said, adding that the city would own the chargers while a private operator would handle day-to-day operations and required reporting. Staff estimated the COG RFQ process and installation management could take a minimum of six months.
The EDC also discussed community events and a 25th-anniversary commemoration of the 9/11 memorial in Town Center Plaza. The city manager proposed ordering challenge coins as promotional items (initial estimate roughly $1,000 for 200 coins) and said the memorial ceremony is planned for Sept. 11 at 9 a.m.
Board members unanimously approved the consent agenda earlier in the meeting (the packet included the March 24, 2026 minutes). The meeting adjourned following the agenda items and discussion.
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