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BM 2003-02-05 EcDevCOPPELL ECONOMIC DEVELOPMENT COMMITTEE February 5, 2003 MINUTES The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, February 5, 2003, at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas. The following were present: Chairman Bill Rohloff, Gary Roden, Bruce Bradford, Jay Thompson, Ron Hansen, Kris Fichtner, Mohamed Elmougy, Matt Hall, Robert Key, Councilmember Bill York, City Manager Jim Witt, Chad Beach, Gary Sieb, and Andrea Roy. WORK SESSION (Open to the Public) Call to Order. The meeting was called to order at 6:00 p.m. Introduction of new member: Chamber Appointee Matt Hall Mohamed Elmougy introduced new appointee Matt Hall. Approval of Minutes It was moved by Gary Roden and seconded by Robert Key that the minutes of the January 8, 2003, meeting be approved as recorded. The motion passed unanimously. EXECUTIVE SESSION (Closed to the Public) Convene Executive Session A. Section 551.072, Texas Government Code-Deliberation regarding Real Property. 1. Discussion regarding Land Acquisition west of Coppell Road and south of Bethel Road. Section 551.087, Texas Government Code-Deliberation regarding Economic Development Negotiations. 1. Discussion regarding financial and other incentives for a business prospect in Old Coppell. Chairman Bill Rohloff convened into Executive Session at 6:03 p.m., as allowed under the above-stated article. Chairman Rohloff recessed the Executive Session at 6:30 p.m. and opened the Work Session. Page 1 of 2 WORK SESSION (Open to the Public) Update on Marketing Events A. National Association of Industrial & Office Properties (NAIOP) Breakfast Meeting Staff and those Committee members who attended the NAIOP Breakfast briefed the other Committee members on the events of the Breakfast. Approximately 200 members were in attendance and the City's presence at the breakfast was very well received. It was discussed that the Committee may consider making this an annual event, as those who attend these functions are the brokers and developers to whom Coppell is targeting. Bo Dallas Business Journal Ad Staff informed the Committee that an advertisement will be placed in the February 28th edition of the Dallas Business dournal, which presents the development deal awards for the past year. The City has collaborated with Duke Realty, Cushman & Wakefield, and Allegiance Title, to create an ad that will welcome The Container Store to Coppell. The shared ad will greatly reduce our advertisement costs. o General Discussion, Other business, and update on development projects. Staff informed the Committee that City and Mr. Walker, owner of the vacant shopping center at Sandy Lake Road and MacArthur Blvd., are sharing in the costs of clearing out the drainage area in front of his property. Mr. Walker has brought up this issue on several occasions, indicating that the trees and vegetation greatly distract from his ability to successfully market the property. Staff also informed the Committee of the recent ACTIS Manufacturing grand opening held at their facility in the DFW Trade Center. Additionally, expansions for both Havertys Furniture and Washington Mutual were discussed. Adjournment With no further business to discuss, it was moved by Kris Fichtner and seconded by Gary Roden that the meeting adjourn. By unanimous vote, the meeting was adjourned at approximately 7:00 p.m. Respectfully submitted, Andrea L. Roy, Secretary Page 2 of 2