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BM 2007-05-02 EcDev COPPELL ECONOMIC DEVELOPMENT COMMITTEE MAY 2, 2007 MINUTES The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, May 2, 2007 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Bill Rohloff, Bill Lowery, Bradley Snyder, Kenneth Luttmer, Larry Kingsbury, Matt Hall, Mary Ciminelli, David Geeslin, Jason Crawford, David Apple, Scarlett Hovland, Mindi Hurley, Chad Beach, Councilmember Marvin Franklin and Deputy City Manager, Clay Phillips. Call to Order 1. Bill Rohloff called the meeting to order at 6:00 p.m. Approval of Minutes 2. It was moved by Kenneth Luttmer and seconded by Matt Hall that the minutes of the April 4, 2007 meeting be approved. The motion passed unanimously. Consideration of a Request by ProLogis for a Tax Abatement 3. This discussion was tabled for the June meeting. Discussion of a Request for Incentives for Project Household 4. ? Mr. Dale Lockamy represented Project Household. He shared the following information. ? The corporate office is currently located in Lewisville. Relocating to Coppell would enable them to have a more accessible location and a larger facility to accommodate a warehouse/distribution facility, corporate headquarters and a retail operation. ? Project Household is considering locating at the AmberPoint Business Park at the southeast corner of Sandy Lake Road and Northpoint Drive in a facility that is estimated to be approximately 275,000 sq. ft. on 12 – 14 acres of land. It is not known at this time if they will occupy existing space or build to suite. ? They manage and own all inventories, which are sold through wholesale, retail, and Internet sources. ? The wholesale store for consumer business would be located at the corporate office and would be open Wednesday thru Sunday, and during seasonal times. ? The lease at the location in Lewisville will end in May 2008. ? Discussion followed. ? It was moved by Larry Kingsbury that project household be offered a 5-year, 75% business personal property tax abatement if a minimum inventory of $7,000,000 is maintained. It was moved by Kenneth Luttmer that the motion be amended to add a 5-year, 50% rebate of the City’s portion of sales tax collected capped at $25,000. Jason Crawford seconded the amended motion. The motion carried. 5. Presentation: Coppell High School Math Students ? Coppell High School math teacher, Ms. Thurman and students Erin Barlow and Whitney Norman presented a project of a “Town Square Proposal”. ? The assignment was to address the issue of “What does Coppell need?” and “Why is it needed?” ? A visual aid and a brochure were presented. The Town Square showed to be built at Carter stnd Crowley, which would include a three-story building. The 1 floor would consist of shopping, 2 rd floor would consist of office space and/or restaurants, and the 3 floor would offer lofts. ? The students felt that this type of project would generate income, offer fun for families, and a place for students to “hang out.” ? The committee was very impressed with what the students had created. It was suggested by Councilmember Marvin Franklin that the students present to the councilmember’s at a future council meeting. Retail Update 6. ? Mindi presented the Raymond Turco & Associates proposed survey addressing retail issues in Coppell. ? The committee reviewed the survey and discussion followed. ? The committee agreed to have Raymond Turco & Associates proceed with the survey. ? Mindi will report to the committee when the survey is complete. Red Team Discussion 7. ? Mindi explained that the Red Team was implemented by the City Council. The Red Team would be a link of communication to the committee when economic project decisions need to be made on short notice. ? The Chairperson, Vice-Chairperson, and an additional member would represent the Red Team from the Economic Development Committee. ? Discussion followed. ? It was moved by Matt Hall and seconded by Jason Crawford that the Red Team be implemented as presented. The motion passed unanimously. ? It was moved by Larry Kingsbury and seconded by Jason Crawford that Matt Hall serve as the third member for the Red Team. The motion passed unanimously. General Discussion and Update on Commercial and Industrial Projects 8. ? Mindi reviewed the projects under construction and the upcoming openings of businesses. ? An update on the North Lake property was reported. ? City staff is reviewing gas well prospects. ? Minyards Distribution center has a potential contract for new ownership. ? Mindi has scheduled a retail summit for this month. ? The proposed project to be located at the northeast corner of Sandy Lake Road and MacArthur Blvd. will be presented to City Council on May 22. ? This proposed project asking for a zoning change to allow construction of two retail/medical buildings, a bank, the retention of an existing take-out restaurant and a portion of an existing retail structure, total 25,245 sq. ft. on 2.9 acres at the northeast corner of Sandy Lake Road and MacArthur Blvd. and the request is also asking to reduce the required landscape area and setbacks will be on the agenda for the May 22 City Council meeting. 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 8:00 p.m. Respectfully submitted, Scarlett Hovland Secretary