BM 2006-11-01 EcDev
COPPELL ECONOMIC DEVELOPMENT COMMITTEE
November 1, 2006
MINUTES
The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, November 1, 2006 at
Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Bill Rohloff, Gary Roden, Bill Lowery, Jason Crawford, Jim Pranske, Bradley
Snyder, Kenneth Luttmer, Matt Hall, David Geeslin, Mary Ciminelli, David Apple, Scarlett Hovland,
Mindi Hurley, City Manager Jim Witt, Councilmembers Jayne Peters, and Marvin Franklin.
Call to Order
1.
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Bill Rohloff called the meeting to order at 6:00 p.m.
Approval of Minutes
2.
It was moved by Gary Roden and seconded by Jason Crawford that the minutes of the October 4,
2006 meeting be approved. The motion passed unanimously.
Consideration of a Request by Metro Acquisitions for a Real Property Tax Abatement
3.
Agreement and a Roadway Impact Fee Waiver
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Mindi Hurley explained that Metro Acquisitions is asking for a consideration of a real
property tax abatement agreement and a Roadway Impact Fee waiver for one building
consisting of approximately 68,250 square feet of space for a medical office building on
approximately 6.0 acres out of the Clarinda Squires Survey, A-1327 & A-1682 & William
T. Hyder Survey, A-1793 & A-1701, located at the NWC of State Highway 121 and
Denton Tap Road.
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David Suarez, the applicant’s representative was present to offer a description of the
Medical Office Building.
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The estimated construction cost is approximately $11,000,000. The estimated land cost
for this site is approximately $4,600,000. Impact fees for the water and sewer utilities are
estimated at a total of $114,0000, along with a road facility impact fee of $182,841.75.
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The Medical Office Building anticipates 20 to 25 Physician practices with each office with
approximately 5 to 6 staff persons, which would be approximately 120 – 150 employees at
the facility.
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Proposed entrances and exits off State Highway 121 and Denton Tap Road should have no
negative impact to the traffic in the area.
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An estimated valuation of the development was provided by Chad Beach. The project does
meet the tax abatement criteria for a 5-year 75% tax abatement.
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Discussion followed.
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It was moved by Gary Roden and seconded by Kenneth Luttmer that a 50% waiver for
impact fees and a 5-year, 75% tax abatement be granted for Metro Acquisitions. The
motion passed unanimously.
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Mindi will present the proposal to City Council in December.
General Discussion and Update on Commercial and Industrial Projects
4.
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Duke Realty Corp. is moving forward with project planning for the Lesley Tract located at
IH635 and Beltline Road.
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Construction for the Hard Eight BBQ restaurant continues located at the corner of Bethel Rd.
and Freeport Parkway.
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Construction is in the completion stage for Native Wholesale located at 1075 S. Belt Line.
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Construction has begun for Wynnpage Plaza located in the 200 block of South Denton Tap.
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Healthy Me Marketplace located at 240 N. Denton Tap in the Village at Town Center is
nearing completion.
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A 24-hour-emergency care medical office at 820 S. MacArthur in the Tom Thumb Shopping
Center is nearing completion.
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Prologis located at 925 S. Freeport Parkway continues construction.
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Vista Point South Phase II continues construction.
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East Belt Line Trade Center at 346 E. Belt Line has begun construction.
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The Kolberg Project for development on the west side of Coppell continues to move forward.
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Northlake College will tentatively begin construction in the Spring 2007.
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City staff is reviewing a drilling ordinance for natural gas wells.
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The Airport Board denied a convenience store project located south of 635 off of Royal.
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Mindi asked that the members email their certificate of completion for the open meetings act.
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The December meeting is cancelled and the next meeting will be January 3, 2007.
With no further business to discuss, it was moved by Kenneth Luttmer and seconded by Matt Hall
that the meeting adjourn. By unanimous vote, the meeting was adjourned at 6:50 p.m.
Respectfully submitted,
Scarlett Hovland
Secretary