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BM 2009-03-06 EcDev COPPELL ECONOMIC DEVELOPMENT COMMITTEE March 4, 2009 MINUTES The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, March 4, 2009 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Bill Rohloff, Gary Roden, Amanda Neal, Eric Hansen, Dornell Reese, Kenneth Luttmer, Matt Hall, Thom Hulme, Mary Ciminelli, Matt Hall, Clay Phillips, Scarlett Hovland, and Mindi Hurley. Call to Order 1. Bill Rohloff called the meeting to order at 6:00 p.m. Approval of Minutes: February 4, 2009 2. It was moved by Kenneth Luttmer and seconded by Eric Hansen that the minutes of February 4, 2009 meeting be approved. The motion passed unanimously. New Tech High Presentations 3. New Tech High was unable to attend and will reschedule. Consideration of a request by ABGI Properties for a tax incentive for one (1) building consisting of 4. approximately 45,650 sq. ft. of space for office/warehouse space, located at 680 S. Royal Lane. ? Mindi updated the committee on Advanced Business Grpahics Inc. ? ABGI has relocated from 600 S. Royal Lane to 680 S. Royal Lane. ABGI owns the building. ? ABGI is requesting a tax incentive for the building located at 680 S. Royal Lane consisting of approximately 45,650 sq. ft. of space. ? Mindi reviewed ABGI’s sales tax for 2007 – 2008. ? Discussion followed concerning possible incentives. ? No action was taken. ? The committee would like to set in motion an incentive policy program. ? ABGI will qualify for the policy program if eligible. ? Mindi will continue to review with City Staff an incentive policy program. Structure retention incentives on an individual bases Community involvement Waiving of certain fees Consider dollar offered on an individual bases Set parameters for incentives ? Mindi will advise City staff of discussion and will report back to committee at the May meeting. Incentive Policy Discussion 5. ? Mindi reviewed local city business retention programs. ? Mindi advised the committee on possible proposals for a “Business Retention Program”, “Business Personal Property Incentive”, and “Small Business Assistance”. ? Discussion followed concerning the following: Creation of jobs. Number of years business has been present in Coppell. Sales Tax generation. Streamlined Sales Tax. Fee Waivers Community involvement. Incentives that would set parameters for new development, small business, middle business and large business. Tax Discussion 6. ? Mindi reviewed the eligibility and criteria for tax abatement. ? Mindi reviewed the Old Town Coppell Tax Incentive Policy. ? Mindi reviewed the tax revenue for the 2008 – 2009 City budget. Kirkland House Update. 7. ? Mindi provided a time-line of the Kirkland House renovation. ? The house is 90 days to completion. ? Mindi reviewed the plans for Old Town street renovation, parking, and the City public square proposed for the Carter-Crowley tract. Chamber of Commerce Update 8. ? Thom Hulme shared that the annual Chamber Gala was well attended and a grand time was had by all. ? No ribbon cuttings scheduled at this time. ? The chamber member luncheon is scheduled for March 25 at the Sheraton Grand Hotel in Irving. School District Update 9. ? No update given. General Discussion and Update on Commercial and Industrial Projects 10. ? Mindi reviewed projects under construction and businesses that are now open or opening soon. ? The presentation and adoption of the final Coppell 2030 document will be on the City Council March 10 meeting. ? Mindi will supply a DVD for each member of the Coppell 2030 document. ? The April 1 meeting will be combined with Planning & Zoning and Council at ? 6 p.m. in the Fire Station Training room. ? Mindi asked that the committee members email her with any agenda items to be included for the April 1 meeting. ? Mindi asked the committee members email her to advise on attending the April 1 meeting as a meal will be served. ? The Kohlberg’s continue to seek financing for their project. ? The Old Town Family Practice is beginning development for Phase II of the building. With no further business to discuss, it was moved by Amanda O’Neal and seconded by Kenneth Luttmer that the meeting adjourn. By unanimous vote, the meeting was adjourned at 7:50 p.m. Respectfully submitted, Scarlett Hovland Secretary