BM 2007-02-07 EcDev
COPPELL ECONOMIC DEVELOPMENT COMMITTEE
February 7, 2007
MINUTES
The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, February 7, 2007 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, Kenneth
Luttmer, Larry Kingsbury, Matt Hall, Scarlett Hovland, Mindi Hurley, Councilmember Jayne Peters, and
City Manager, Jim Witt.
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 Jason Crawford and seconded by Ken Luttmer that the minutes of the January 3,
2007 meeting be approved. The motion passed unanimously.
Presentation: DFW Airport Development Team
3.
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John Terrell, representing the Dallas/Fort Worth International Airport was present to offer
a history and description of the Interlocal Agreement the airport is requesting between the
City of Dallas, Ft. Worth, and Irving.
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The land owned by the DFW Airport in the City of Coppell is located at the Southwest
corner of Bethel Rd. and Royal Ln. This parcel of land consisting of 215.8106 acres is
zoned for light industrial.
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Discussion followed reviewing the DFW Land Leasing Policy.
Discussion of Vacant Land
4.
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Mindi provided a spreadsheet on the undeveloped land in the City and the status of
ownership.
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Land development continues to be very active.
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Duke Realty is selling the east side of the Lesley Tract.
Discussion of Incentive Agreements
5.
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Mindi reviewed the Tax Abatement Agreement procedure.
Discussion of Project Pharm
6.
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Mindi informed the committee that the progression of Project Pharm had ended
Consideration of a request by Rathee Investment, Inc. for a Tax Incentive
7.
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Rathee Investment is a retail development consisting of 2 buildings totaling approximately
17,000 sq. ft. of space for retail use on approximately 3 acres of Lots 9B & 9C, Coppell
Heights, located on the southeast corner of Belt Line Rd., and Denton Tap Rd.
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Rathee Investment withdrew the request for a tax incentive.
Discussion of Strategic Plan: Goal II
8.
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Mindi provided a spreadsheet exhibiting economic development progress.
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Discussion followed concerning the retention and expansion of existing businesses.
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Mindi provided an example of a business survey.
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Discussion followed with the following suggestions:
*Research the broker information for the business building
*Present business survey in person rather than by mail.
*Continue efforts of the tag team visits.
*Offer an invite to lunch.
*Prioritize visits by lease ending date and/or tax abatement schedule roll off.
*Host a business gathering appreciation.
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Mindi provided a summary of available incentives. It was suggested that Foreign
Trade Zone be added.
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The revised Incentive Policy will go before council on Feb. 13, 2007.
Discussion of Retail Summit
9.
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Mindi led discussion on possibilities for a Retail Summit
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Discussion followed with the following suggestions.
* Retain a Retail listing
*Survey citizens for possible retail recommendations
*Be proactive on recruiting retail businesses
*Incorporate discussion concerning retail issues at the Citizen Summit
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The discussion of Retail Summit will continue at the March 7 meeting.
General Discussion and Update on Commercial and Industrial Projects
10.
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Hard Eight BBQ anticipates completion in May.
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Minyards distribution warehouse will vacate in August.
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The Coppell Town Center Open Space Plan was approved at the January 23 meeting.
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Wynnpage Plaza, 3,500 sq. ft. Medical Office at 207 S. Denton Tap will be opening soon.
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Sandy Lake Crossing, a 7,200 sq. ft. retail center at 115 W. Sandy Lake Road will occupy a
nail salon.
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Duke Realty Corp. will begin construction of the office/retail project on the Lesley Tract
located at IH635 and Beltline Road in August.
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Coppell Trade Center, 118,000 sq. ft. office warehouse at 820 W. Sandy Lake Road is under
construction.
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Amberpoint, 714,000 sq. ft., 3 office & distribution centers at 200 Northpoint is under
construction.
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Radlinx, 11,200 sq. ft. Medical Office at 747 Plaza Blvd. (Highland & SH 121) is under
construction.
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A contract is under consideration for The Kolberg Project for development on the west side of
Coppell.
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Revitalization of the Kirkland home located at the intersection of South Coppell and West
Bethel Road in the planning stage.
With no further business to discuss, it was moved by Ken Luttmer and seconded by Larry
Kingsbury that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:15 p.m.
Respectfully submitted,
Scarlett Hovland
Secretary