BM 2005-09-05 EcDev
COPPELL ECONOMIC DEVELOPMENT COMMITTEE
September 7,2005
MINUTES
The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, September 7,2005 at
Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Bill Rohloff, Gary Roden, Bill Lowery, Larry Kingsbury, Jason Crawford, Marvin
Franklin, Kris Fichtner, Matt Hall, Ken Luttmer, Mindi Hurley, Gary Sieb, City Manager Jim Witt,
Councilmember Bill York, Councilmember Thorn Suhy, and Scarlett Hovland.
1. Call to Order
. Bill Rohloff called the meeting to order at 6:00 p.m.
2. Approval of Minutes
It was noted that the August 3,2005 minutes be amended to show under that Jason Crawford was
present and Councilmember Thorn Suhy was not present. It was moved by Larry Kingsbury and
seconded by Marvin Franklin that the minutes of the August 3,2005 meeting be approved as
amended. The motion passed unanimously.
3. Discussion of Old Coppell Incentives
. Mindi Hurly presented the changes to the Old Coppell Tax Incentive Policy.
. Discussion followed.
. The committee suggested that a specified cap of funds be recommended for the fa9ade of the
grants. It was suggested that the parameters be reviewed by the City Council.
. It was suggested that one pool of funds be allocated.
. It was recommended that the buy down of the interest rate not be included in the parameters of
the Loan Pool.
. A sub-committee was established for overseeing the Loan Pool. The sub-committee members
will consist of Marvin Franklin, Matt Hall, and Ken Luttmer.
. Mindi explained that the Carter Crowley property would not be included on the Old Coppell
Map. Hard Eight Bar-B-Q Restaurant will be included on the Old Coppell Map.
. Mindi will make modifications and review at the October meeting.
4. Discussion of available Property Map.
. Mindi reviewed the prepared spreadsheet of available undeveloped land in Coppell.
. It was suggested that incentives be reviewed on a case by case bases.
. Market momentum continues to be ongoing in Coppell.
. Mindi will provide copies of the property map for members at the October meeting.
7. General Discussion and Update on Commercial and Industrial Projects
. City Council voted to approve a sales tax rebate agreement with PHT Building Materials, L.P.
at the August City Council meeting.
. City Council will be considering the tax abatement agreement with LIT Industrial Texas
Limited Partnership at the September 13,2005 City Council meeting.
. Cappel! Clips located on the city web-site has information about potential economic
developments in Coppell.
. Pegasus Logistics Group will be moving its corporate headquarters from Grapevine to Coppell
in mid-October. They will be occupying space in Freeport North, at which time Freeport
North will be 100% occupied.
. City Council will be considering the Duke Realty Corporation development in Sept. 2005. The
development will consist of a 142,247-sq. t. building and a 93,345-sq. ft. building along the
north side of Bethel Road, west of Freeport Parkway.
. Dallas Texans have submitted a proposal
. City Council will be considering World Factory's request for a Foreign Trade Zone in October
11,2005.
. North Lake Property Development continues to be addressed. One of the main issues is how
they will provide for the utility lines.
. City Council will be considering The Meyers Crow development for a distribution center
located at Sandy Lake and Hwy. 121 at their September 13,2005 City Council meeting.
. City Council will be considering development of Hard Eight Pit Bar-B-Q Restaurant at the
September 13,2005 City Council meeting.
. Mindi reminded the committee of the Chamber Trade Show scheduled for Friday, Sept. 30 at
the Rec. Center in Coppell.
. The City of Coppell will be providing 10 apartment unites for evacuees from Hurricane
Katrina. Various groups and individuals in Coppell will adopt the families.
With no further business to discuss, it was moved by Larry Kingsbury and seconded by Matt Hall
that the meeting adjourn. By unanimous vote, the meeting was adjourned at 7: 15 p.m.
Respectfully submitted,
Scarlett Hovland
Secretary