BM 2005-05-04 EcDevCOPPELL ECONOMIC DEVELOPMENT COMMITTEE
May 4, 2005
MINUTES
The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, April 6, 2005 at Coppell
Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following
were present: Gary Roden, Bill Lowery, Larry Kingsbury, Allen Mushinski, Jason Crawford, John Durand,
Marvin Franklin, Kris Fichtner, Kenneth Luttmer, Matt Hall, Gary Sieb, Mindi Hurley, Chad Beach,
City Manager Jim Witt, Councilmember Marsha Tunnell, and Scarlett Hovland.
Call to Order
· Gary Roden called the meeting to order, determined that a quorum was present and convened
into Executive Session.
EXECUTIVE SESSION
Convene Executive Session (Closed to the Public)
A. Section 551.072, Texas Government Code - Deliberation regarding Real Property.
1. Discussion regarding the sale of city property west of Coppell Road and south
of Bethel Road
Gary Roden convened into Executive Session at 6:06 p.m. as under the above-stated article and
discussed Item 1. Roden recessed the Executive Session at 6:52 p.m. and opened the Regular
Session.
REGULAR SESSION
(Opened to the Public)
Approval of Minutes
It was moved by Kris Fichtner and seconded by Larry Kingsbury that the minutes of the
April 6, 2005 meeting be approved. The motion passed unanimously.
Consideration of a request by Majestic Realty Co. for a tax abatement
· Gary Sieb gave the following details on the Majestic Realty Co. project.
· The site would be located at the comer of Belt Line Road and Airline Road.
· The project would consist of two buildings totaling 290,000 square feet. Of
office/warehouse space on 16.8 acres.
· Mr. James Gaddy with Majestic Realty Co. was present and gave the following information
concerning the project.
· It is a speculative development, therefore tenants are not known at this time.
· The applicant will be the owner.
· The total valuation of development is estimated at $14,298,390.
· The project will likely have over 100 employees with an average salary of $35,000 per
year. It is estimated that approximately 5% of the employees will be Coppell residents.
· The property is currently zoned Ag which is tax exempt and will be converted to improved
property.
· Completion date is estimated for mid December 2005.
· Chad Beach reviewed the tax abatement agreement.
· Discussion followed.
· It was moved by Larry Kingsbury and seconded by Marvin Franklin that Majestic Realty Co.
be granted a 5-year, 75% tax abatement. The motion passed.
Final Approval of the Economic Development Strategic Plan.
· Discussion of the Strategic Plan will commence at a future meeting.
General Discussion and Update on Commercial and Industrial Projects
· Site plan for Amberpoint Business Park located along the south side of Sandy Lake Road,
Between Freeport Parkway and Northpoint Drive will consist of three office/warehouse
buildings totaling approximately 714,01 O-square feet will be presented at the May 10 council
meeting.
· Council will consider approval to allow the development of an auto repair garage, car wash,
convenience store and gasoline service station on 2.24 acres of property located at the
southwest comer of S. H. 121 and MacArthur Blvd. at the May 10 meeting.
· Little Caesars Pizza will be locating as a take-out only restaurant in the Town Center Addition,
located along the East Side of Denton Tap Road.
· Approval of the Wachovia Bank to replat the Grandy's location will be presented at the May
10 council meeting.
· The Northlake project was reviewed
With no further business to discuss, it was moved by Kris Fichtner and seconded by Larry
Kingsbury that the meeting adjourn. By unanimous vote, the meeting was adjourned at 7:20 p.m.
Respectfully submitted,
Scarlett Hovland
Secretary