BM 2002-12-04 EcDevCOPPELL ECONOMIC DEVELOPMENT COMMITTEE
December 4, 2002
MINUTES
The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday,
December 4, 2002, at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway
Boulevard, Coppell, Texas. The following were present: Chairman Bill Rohloff, Gary
Roden, Dennis Onalaja, Ron Hansen, Kris Fichtner, Mohamed Elmougy, Mary Ann
Kellam, Robert Key, City Manager Jim Witt, Gary Sieb, and Andrea Roy.
Call to Order.
The meeting was called to order at 6:00 p.m.
Approval of Minutes
It was moved by Gary Roden and seconded by Robert Key that the minutes of the
November 13, 2002, meeting be approved as recorded. The motion passed
unanimously.
Discussion regarding financing opportunities for targeted uses in Old
Coppell and Presentation by Paul Vinyard.
At the request of the Committee, Mr. Vinyard, accompanied by his associates,
was in attendance to discuss his business plan for a proposed restaurant in Old
Coppell. Mr. Vinyard distributed his business plan and briefed the Committee on
his financials, experience, background of his existing restaurants, and his ideas
and concepts for a restaurant in Coppell. Mr. Vinyard's objective for this
restaurant would be to provide a fun dining experience in a unique atmosphere,
with quality food, at competitive prices. He presented a conceptual architectural
rendering of the proposed restaurant and indicated his desire to comply with the
guidelines of the recently completed Old Coppell Master Plan and assist the City
in setting the standard for future development of Old Coppell.
It was further indicated that some level of financial assistance would be needed to
bring this tenant to Coppell. After a brief question and answer session, Mr.
Vinyard and his associates left the meeting at 7:05 p.m.
The Committee continued the discussion regarding the proposed development. It
was determined that Staff will report back to the Committee at the next meeting,
providing additional details related to possible financing options.
General Discussion and Other business.
Staff informed the Committee that the development plan and incentive
agreements for The Container Store are scheduled to go before City Council on
December 10, 2002. Staff also informed the Committee that Somera had made
contact with the City, and although no official announcement has been made, the
conversation appeared to be positive for Coppell. Lastly, Staff informed the
Committee that the TradePoint Industrial Park, which was recently developed by
Champion Partners, is currently under contract by the Hillwood Development
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Company. Negotiations are still underway, but the sale is expected to be finalized
within the next month.
Adjournment
With no further business to discuss, it was moved by Mohamed Elmougy and
seconded by Kris Fichtner that the meeting adjourn. By unanimous vote, the
meeting was adjourned at approximately 7:30 p.m.
Respectfully submitted,
Andrea L. Roy, Secretary
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