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EDP - Minutes - 1997 COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP JANUARY 8, 1997 MINUTES The coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, January 8, 1997, at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Tim Brancheau, Bill Herries, Scarlett Hovland, Isabelle Moro, Pat Murphy, Ron Pankey, Bill Rohloff, Doug Shaw, Kathryn Stephenson, Gary sieb, Bill Stearman, and Council Members Chuck sturges and Marsha Tunnell. 1. Call to Order Ron Pankey called the meeting to order at 7:00 p.m. 2. Approval of Minutes It was moved by Ron Pankey, seconded by Tim Brancheau that the minutes of December 4,1996 be approved as recorded. The motion passed unanimously. 3. Consideration of Apollo Paper Company Tax Abatement Application Isabelle Moro led discussion regarding the history of Apollo Paper. She also shared the future development of Apollo Paper Company. Apollo Paper Company continues to consider the SW corner of Sandy Lake and Royal Lane for their location. Apollo Paper Company plans to increase employment by 15 to 20 employees during the next five years. The company site will only be a distribution center with no manufacturing being done at this location. Chad Beach led discussion on the fact that Apollo Paper would not meet the 5.5 million tax abatement policy. Further discussion followed on the factors of considering Apollo Paper Company based on the sales tax they would generate. Chad Beach provided copies of a summary estimating that in 1998, Apollo Paper Company will generate almost $100,000 revenue in sales tax with an estimated 10% per year growth. Further discussion followed on the pros and cons of accepting Apollo Paper's tax abatement application. Bill Herries suggested that Apollo Paper Company be invited to attend the next scheduled Economic Development Partnership meeting in February. This would allow the partnership to learn exactly what Apolllo Paper intentions are as far as committing to locate in Coppell. In addition a question regarding the company's position regarding sales tax rebate could be addressed. Gary Sieb will invite the company to attend the partnership meeting in February. 4. Update on Current & Potential Commercial/Industrial Developments Gary Sieb presented a map showing location of several developments. He shared that quality growth is very important as coppell continues to grow. He also indicated that monies are being put in reserve for future costs of infrastructure maintenance that may accrue as Coppell continues to develop. 5. status update on the development of Home Page for Coppell Discussion was led by Ron Pankey and Kathy Stephenson. Copies of a home page questionnaire was provided to use as a tool in helping to develop our home page. Ron Pankey urged the partnership to study and offer their suggestions on the document provided. Discussion followed relating to concerns with what resources may be available. Ron Pankey suggested that some of the resources be provided through developers located in Coppell. Ron Pankey also suggested that other organizations need to be involved in the process, such as the chamber and schools. There was some concern expressed that we need to progress cautiously and deliberately as we move forward with our home page. 6. Review of Mailing List to be used for Marketing Endeavors Gary Sieb provided lists of potential developers to be included in the proposed mailings. Discussion followed with suggestion of additional developments to be added to list. Doug Shaw suggested that follow-up telemarketing needed to take place after the mailings were sent. Gary Sieb will invite Mayor Tom Morton to sign initial letters of introduction, and possibly make follow-up calls. 7. General Discussion and Other Business Gary Sieb provided copies of an inactive Agreement between city council and Economic Development Partnership. Discussion followed with ideas for updating the agreement. Some of the most important concerns are to establish a better understanding of what our mission is, and the terms for the members of the partnership, and refining objectives of the group. The members were urged to contact Gary with any suggestions. Gary Sieb shared with Partnership that GTE is scheduled for presentation at the February meeting. Ron Pankey stated that the Economic Development Video for Coppell is still in planning stage. Isabelle Moro provided the Partnership with an update concerning Coppell Development Facts. Bill Herries suggested that the partnership be notified of ribbon cuttings. A motion was made to adjourn by Ron Pankey and seconded by Tim Brancheau. By unanimous vote, the meeting was adjourned at 8:30 p.m. .. COPPELLECONONUCDEVELOPMENT P ARTNERSIDP FEBRUARY 5, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, February 5, 1997, at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Tim Brancheau, Bill Herries, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Doug Shaw, Gary Sieb, Bill Stearman, Council Members Chuck Sturges, Marsha Tunnell and city Manager Jim Witt. Also attending were Jean Murph with citizens Advocate and Georjean Sherriff with GTE. 1. Call to Order Ron Pankey called the meeting to order at 7:00 p.m. 2. Approval of Xinutes It was moved by Bill Stearman, seconded by Pat Murphy that the minutes of January 8, 1997 be approved as recorded. The motion passed unanimously. 3. Presentation of Konetary Gift by GTB Repre.entative to the Bconomic Development partnership for Bconomic Development Bndeavors Gary Sieb introduced Georjean Sherriff from GTE. She shared the progress on the Coppell Video to be produced in the Spring, which will be a production cost of approximately $60,000. Georjean provided a copy of the Video Script for the partnership to review. She presented the Partnership with a $1000.00 check which could be used for economic development activities. 4. Review proposed Bconomic Development partnership bylaw. and Discus. xission of the Board Because the City Attorney had not completed his review, Gary Sieb did not have the bylaws available at this time. Ron Pankey and City Manager Jim witt met together prior to the meeting to discuss possible mission goals. Ron Pankey provided a copy of previous years mission statements. Discussion followed with various suggestions for the Partnership's Goals. The following are possibilities that could be included in the mission as suggested by various members: , ~ 1. Provide pre-construction discussions with developer. 2. Surveys given to developer after building completion. 3. Involve the Chamber to help facilitate commercial and industrial businesses. 4. Know reason for business leaving coppell. 5. Be aware of lease renewal. 6. Partnership Members to attend various Economic Development Associations in the Dallas area once a month per copy of Associations provided by Ron Pankey. 5. Update on current' Potential commercial/Industrial Developments Gary Sieb led discussion on the update of various developments. He noted that Mannatech Inc. is occupying space in the NEPC Building and EI Freight was occupying space there. Gary continued discussion and shared that the City contains over 5 million sq. ft. of Industrial use space. He shared an update on Apollo Paper. Apollo Paper had decided against the site located at the SW corner of Sandy Lake and Royal Lane, however they are still considering a different site in Coppell. Apollo Paper is scheduled to have a representative from the Company attend the next Partnership meeting in March if they select the Coppell site. The company has indicated to Gary that they want the Tax Abatement with no sales tax rebate. Gary stated a potential user is considering 140 acres of land in the City for a possible campus-type development. Jim witt updated the Partnership on the NCAA progress. Coppell is still in the running. NCAA is planning on a 40 million dollar building. The NCAA will generate some sales tax for Coppell and the prestige is great advertisement along with insisting that Coppell, Texas be labeled in their address. The NCAA employs executive people and will offer some job opportunities. 6. status update on the development of Home paqe for Coppell Ron Pankey informed the Partnership that Isabelle had completed gathering the data needed on stats of Coppell for the home page. Ron provided a copy of the letter that will be mailed to business owners aSking for their input concerning the home page. It was decided that Mayor Tom Morton and City Manager Jim witt would both sign the designated letter. It was moved by Bill Stearman and seconded by Bill Herries that the letter be accepted. The motion passed unanimously. , '.' 7. aeview of Mailing List to be used for Marketing Endeavors Gary Sieb informed Partnership that there were no added developers to the mailing list which was distributed at Jan. meeting. Discussion followed with the importance of following up with mailers. Mayor Tom Morton will sign the mailing pieces. It was suggested that the Partnership consider adding the developers listed in the Dallas Business Journal. 8. Update on the Industrial Developments International (IDI) request for a Tax Abatement aeinvestment lone Designation Isabelle informed Partnership that 101 has requested 63 acres for a reinvestment zone to Council. Isabelle provided a drawing indicating several businesses that will be affected for a tax abatement reinvestment zone designation. City Manager Jim witt shared that Grapevine is being very cordial to work with on the zone designation. Isabelle informed Partnership that the requests will be done building by building. City Manager Jim witt shared that the extension of Freeport Parkway will be Flower Mounds main access into their City. 9. General Discussion and Other Business Jim witt informed Partnership that Paragon in Carrollton received 75\ of their inventory in tax abatement. Ron Pankey shared that Colleyville had done a survey of incentives for developers. He also shared news on the completion of Grapevine Mills and the Bass Proshop. 10. Adjournment A motion was made by Bill stearman. adjourned at 8:30 to adjourn by Tim Brancheau and seconded By unanimous vote, the meeting was p.m. .. I . COPPELL ECONOMIC DEVEWPMENT PARTNERSHIP SPECIAL CALLED MEETING FEBRUARY 25, 1997 The Coppell Economic Development Partnership met at 7:30 a.m. on Tuesday morning, February 25, 1997 in a special called meeting, at Coppell Town Center, 2nd floor conference room, 255 Parkway Boulevard, Coppell, Texas. The following were present: Tim Brancheau, Chad Beach, Debbie Cook, Mary Ann Kellum, Isabelle Mom, Pat Murphy, Ron Pankey, Dixon Rich, Gary Sieb, Bill Stearman, and Mayor Tom Morton. Also in attendance were Dan Vander Sanden and Stuart Smith. 1. Call to Order Chairman Ron Pankey called the special called meeting to order at 7:35 a.m. 2. Review of Tax Abatement Application: Derse Exhibits Chairman Pankey turned the formal presentation over to Stuart Smith of Fults Oncor Real Estate Services, who introduced Mr. Daniel J. Vander Sanden of Derse Exhibits. Mr. Vander Sanden who personally owns 36% of the company, then proceeded to explain the operation of the Derse Company--a convention exhibits firm--and the reason for their tax abatement request. He outlined the rapid growth of the company, and stated that they were located in Milwaukee (their home office), and Racine, WI., and Grand Rapids, MI. They also had a small office in Las Vegas, NE. He went on to state that the company had opened a Dallas area office (Carrollton) approximately 8 months ago and had already outgrown their leased space, hence, the possibility of relocating to Coppell. He further stated that their proposed development would initially be a 105,000 square foot building containing about 10,000 feet of office space with expansion to 165,000 total square feet, probably within the next three years, if not sooner. The site in Coppell was an approximate 10 acre parcel, located at the northeast comer of Royal Lane and Creekview Drive. Mr. Vander Sanden also stated that the company would own the building and land outright. In addition, the company was very much interested in this site, and had meet with staff on Monday to discuss the development review process as well as explain the potential development plan. He also recognized that the company did not meet the generally accepted $5.5M minimum threshold for tax abatement approval (the application stated a $3.5 M initial investment) but suggested that with the potential expansion of the facility approximating an additional $1.5 M (provided business remained as solid as it is today), they would come very close to the threshold. He went on to state that recognition of the community might be enhanced because of the clients of his company which included Frito-Lay, Kohler Industries, and Loftland Tile, among others. He conclude by noting that the manager of this facility was building a home in Coppell, thus adding to the attractiveness of the City. After a series of questions from the Partnership which focused on the site, the possible expansion, debt owed by the company, ownership breakdown, and a series of other discussion items, the Chairman thanked Mr. Vander Sanden and Mr. Smith and excused them from the meeting at approximately 8:15 a.m. After considerable discussion revolving around the application, Mr. Vander Sanden's presentation, the tax abatement numbers, the feasibility of possible expansion of the business, and several questions directed to staff regarding this business, the Partnership took the following action: It was moved by Bill Stearman, seconded by Pat Murphy that the Partnership recommend to the City Council that Derse Exhibits be granted a 50% tax abatement for five years. If an additional building permit to expand the facility to a total of approximately 165,000 square feet is procured within two years of the initial abatement, and the addition is completed within two and one-half years of the initial abatement, the Partnership further recommends that the remaining abatement offered would be increased to 75 %. The motion passed unanimously. It was then moved by Bill Roloff, seconded by Bill Stearman that any sales tax rebate request be handled in the same manner as earlier requests. Specifically, any sales tax generated in excess of $150,000 per year would be considered by the Partnership for rebate application, anything less would not meet favorable consideration. The motion passed unanimously. 3. General Discussion and Other Business The Chairman noted that a regular meeting would be held on Wednesday, March 5, 1997 at 7:00 p.m., second floor conference room of Town Center to discuss a variety of economic development issues including additional information regarding Derse Exhibits, the Partnership bylaws, and other topics. The special called meeting was adjourned at 8:30 a.m. COPPELLECONONUCDEVELOPMENT PARTNERSIllP MARCH 5, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, March 5, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Tim Brancheau, Bill Herries, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Bill Rohloff, Doug Shaw, Gary Sieb, Bill Stearman, and Council Member Chuck sturges. 1. Call to Order Ron Pankey called the meeting to order at 7:00 p.m. 2~ Approval of Minutes It was noted that the February 24, 1997 special meeting minutes should be dated February 25, 1997. Also noted was that the word "then" should be "them" at the top of page 2, and the word "off-site" should be inserted into the sentence located in the middle of page 2. "Specifically, an off-site sales tax generated in excess of $150,000 per year would be considered by the Partnership for rebate application, anything less would not meet favorable consideration." It was moved by Bill Stearman, seconded by Ron Pankey that the minutes of February 5, 1997 and February 24, 1997 be approved with the minor amendments. The motion passed unanimously. 3. Review proposed Economic Development partnership Bylaws Gary Sieb presented the Partnership with the current bylaws. After considerable discussion revolving around the bylaws, the following changes were amended. 1. ARTICLE III, SECTION l:SUBSEC~ION "D" The Coppell city Manager, Coppell Director of Planning & Community services, the President of the Chamber of Commerce and any other appropriate person shall be non-voting ex officio members of the Partnership. 2 . ARTICLE V, SECTION 1:SUBSECTION "K" The Partnership will consult with any potential or existing business requiring assistance in the preparation of a business plan or any other assistance needed for their satisfactory relocation, expansion, or retention. 3 . ARTICLE V, SECTION 1:SUBSECTION "L" The Partnership will maintain contact with economic development allies in the metroplex and the state of Texas. Visibility for the City will be maintained through attendance at economic development professional association meetings, conference, etc. written reports shall be included in the monthly acti vi ties report provided to the City Manager. (This sentence to be deleted) 4. ARTICLE V, SECTION 1:SUBSECTION "M" The Partnership will keep the City Manager informed of major activities. A full report of all economic development activates will be provided monthly to the City Manager, including any and all economic development inquires. (This sentence to be deleted) 5. ARTICLE V, SECTION 1:SUBSECTION "N" Maintain a liaison relationship with the Texas Department of Commerce. ( (Subsection "N" to be completely deleted) 6. ARTICLE V, SECTION 1:SUBSECTION "0" The Partnership will insure the maintenance of a statistical data base for use in responding to economic development inquiries. 7 . ARTICLE V, SECTION 1:SUBSECTION "P" The Partnership will insure the maintenance of an inventory of land sites and available facility space including building specifications and contact persons. 8. ARTICLE V, SECTION 1:SUBSECTION "0" The partnership will develop marketing materials for the city. (Subsection "0" to be completed deleted) -2- 9. ARTICLE V, SECTION l:SUBSECTION "R" The partnership will develop an overall economic development plan for the city. (Subsection "R" to be completed deleted) 10. ARTICLE VI, SECTION l:SUBSECTION "B" Maintain a close and coordinated workinq relationship with other economic development allies in order to increase awareness of Coppell' s economic development efforts. (Subsection "B" to be completed deleted) 11. ARTICLE VI, SECTION l:SUBSECTION "c" Create and stimulate public interest in economic development acti vi ties of the City. (Subsection "C" to be completed deleted) It was then moved by Ron Pankey, seconded by Bill stearman the amendments be accepted and rewritten into the present bylaws. The motion carried with five for and one opposed. 4. update on current , Potential Commercial/Industrial Developments Gary sieb informed the partnership that Derse Exhibits has made a decision to locate in Coppell at the NE corner of Creekview and Royal Lane. Derse plans to complete the move by the end of the year. Bill Herries made a suggestion that a five to ten year spreadsheet be prepared showing impact of tax abatements revolving around various businesses located in Coppel!. Isabelle Moro will present this to Chad Beach, Asst. Finance Director of the Tax Department. 5. Status update on the development of Home paqe for Coppell Isabelle Moro presented a letter and questionnaire to the Partnership that will be sent to current businesses in Coppell surveying for the Coppell Web site. She also presented a letter to be sent to landlords in Coppell to help with retention of businesses. Bill Herries suggested that the Partnership not only be in touch with landlords, but felt it also important to be in touch with the businesses themselves. Mary Ann Kellam shared that the Chamber continues to maintain contact with existing and new businesses. Discussion followed around the Partnership working with the Chamber for business retention and that the Partnership stay knowledgeable of the businesses that exist in Coppell. -3- 6. coppell Video script Gary Sieb reviewed the video script with the Partnership. Much discussion was given to ideas for further expanding and detailing the script. Some of the focal points discussed consisted of stressing the availability of large tracts of land with infrastructure. The Partnership would like to see more emphasis on the business side of Coppell, rather than quality of life ,with the possibility of viewing the inside of a distribution center. It was also felt that the city Staff needs to be addressed rather than giving all responsibility and/or credit to the Partnership. Sensitivity was discussed in focusing on the DFW airport and the school system. The consensus was that the airport is a very important draw to Coppell and needs to be advertised. Isabelle Moro will locate the advertising slogan used in the past to represent the advantages of the DFW airport being so accessible to Coppell. The school issue is delicate due to the fact that some neighborhoods are in the Carrollton Farmers Branch School District, the suggestion was made that Coppell Independent School District should not be used and an alternative may be "all" Coppell schools. Medical services were also discussed in that Coppell is not equipped to handle emergencies or traumas, the suggestion was made to make a general statement regarding health services in the area. 7. Review of Membership Literature on Dallas Area Economic Development Associations for Economic Development partnership Members Item was tabled for discussion at the April 2, 1997 meeting. Ron Pankey invi ted the members of the Partnership to the Commercial Real Estate Women (CREW) session to be held on March 13th between 5:00 - 7:00 p.m. at the Grand Kempinski Hotel. 8. Update on the current LegiSlative session pertaining to School Property Taxes Doug Shaw led a discussion on what effect the legislatively proposed school property taxes might have on the Coppell School District. If passed we would lose five to six million dollars a year. Also, with this plan, it could affect the Robin Hood program, which could mean as much as a ten million dollar loss. Doug urged the Partnership along with the ci tizens to be invol ved in this issue by contacting our Representatives. Mary Ann Kellam suggested the possibility of advertising this in the Chamber Newsletter and elsewhere. 9. General Discussion and Other Business wi th no further business to discuss, it was moved by Ron Pankey, seconded by Doug Shaw that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:45 p.m. -4- , ~ COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP APRIL 2, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, April 2, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Bill Herries, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Dixon Rich, Bill Rohloff, Gary Sieb, Kathryn Stephenson, and Council Member Chuck sturges, and Marsha Tunnell. 1. Call to Order Ron Pankey called the meeting to order at 7:05 p.m. 2. Approval of Xinutes Pat Murphy questioned the minutes of March 5, 1997 as to who made motions for approval of Minutes and the Bylaws. After reviewing the secretary's notes, it was moved by Pat Murphy, seconded by Bill Herries that the minutes of March 5, 1997 be approved as recorded. The motion passed unanimously. 3. Consideration of Request by Insignia Commercial Group for Tax Abatement Gary Sieb and Chad Beach led the discussion of request by Insignia commercial Group for a five year 75% tax abatement for a 367,200 square foot warehouse distribution facility located on the north side of Airline Drive, just east of Beltline Road utilizing section 380 of the Texas Local Government Code. This was an unusual request, the first of its kind. Typically, the Chapter 380 of the Texas Local Government Code is reserved for promoting unique local economic development programs. Under normal circumstances, the Insignia request could be accomplished utilizing the standard tax abatement application procedure. However, due to the untimely manner in which the application was submitted will cause the company to lose the full benefit of the tax abatement program. The Partnership had invited an Insignia representative to make a presentation at the meeting, but the applicant was not present. The Partnership discussed the option of offering a grant of what the full abatement is worth, however, concluded that this could lead to other developments asking for the same consideration. Chad Beach did explain to the group that the company could qualify for a tax abatement on the value of any improvements made to the land between January 1, 1997 and December 31, 1997. It was moved by Pat Murphy and seconded by Bill Rohloff that the request by Insignia Commercial group for tax abatement utilizing Section 380 of the Texas Local Government Code be denied. The motion passed unanimously. \ . 4. Update on Coppell Video Gary Sieb informed the Partnership that he had presented to GTE the changes in the video script that the Partnership had recommended. GTE is open to most of the changes, however viewing the inside of businesses will not be possible. The second draft should be available the last week of April and Ron Pankey and Marsha Tunnell will distribute to the Partnership for review. The suggestion was made that a helicopter be used for better viewing of Coppell. The helicopter would have to be funded by the Partnership. The suggestion was made that the Partnership use the $1000.00 gift from GTE for cost of helicopter. Gary Sieb will call on prices and availability of a helicopter. 5. Discuss plans for a reception premiering the coppell Video Ron Pankey shared that the Video should be ready at the end of May. Discussion followed in suggesting possibilities of showing. It was decided that Town Center would not be a good place with the construction beginning for remodeling. The new Justice Center was suggested along with the Library also being an option. It was also suggested that the video be shown at the Chamber luncheon. There was some concern discussed by the Partnership as to which communities to invite for showing. Tim Brancheau will be checking availability of monies and places for the showing of Video. 6. Update on current' Potential commercial/Industrial Developments Gary Sieb announced to the Partnership that there are now 15 reinvestment zones. Gary will provide an update of the tax abatement reinvestment zone map in the near future to the Partnership. 7. Review of Membership Literature on Dallas Area Economic Development Associations For Economic Development partnership Members Ron Pankey shared with the Partnership that there are not many Economic Development organizations which encourage and promote municipal participation. The Commercial Real Estate Women (CREW) was the only organization which extended an open invitation to the Partnership. The rest of the associations required membership fees be paid before attendance was permitted. Ron Pankey urged the Partnership to begin mailings right away using the real estate listing in the Dallas Business Journal. 8. General Discussion and Other Business Ron Pankey reviewed revision of by-laws. Isabelle Moro presented draft of the community profile. Ron Pankey asked Isabelle to add a table of contents and page numbers to the report and that the Website be mentioned. Pat Murphy made the suggestion that a listing of school zones be added to the community profile. Bill Rohloff suggested a listing be made of all construction developments to made available to the Partnership. Bill also suggested that the Partnership research ways in which Coppell could be mentioned through the national media. with no further business to discuss, it was moved by Bill Herries and seconded by Mary Ann Kellam that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:15 p.m. r COPPELLECONOMUCDEVELOPMENT PARTNERSHIP May 7, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, May 7, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The fOllowing were present: Tim Brancheau, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Gary Sieb, Doug Shaw, Kathryn Stephenson, and Council Member Chuck sturges. 1. Call to Order Ron Pankey called the meeting to order at 7:05 p.m. 2 . Approval of Kinutes It was moved by Doug Shaw, seconded by Pat Murphy that the minutes of April 2, 1997 be approved as recorded. The motion passed unanimously. 3. consideration of Request by Insignia Commercial Group for Tax Abatement Gary Sieb informed the Partnership that a representative from Insignia Commercial Group would possibly be available to 'present their request for tax abatement for this meeting or the June 4 meeting. The representative did not have all of the tax appraisal information for his report, therefore asked to reschedule for the June 4th Partnership meeting. It was moved by Doug Shaw and seconded by Mary Ann Kellam that Consideration of request by Insignia Commercial Group for tax abatement be rescheduled for the Economic Development Partnership meeting on June 4, 1997. The motion passed unanimously. 4. Update on Coppell Video Gary Sieb shared with the Partnership that the filming of the video is complete. The video was shot on Mon. April 28, thru Wed. April 30, taking about eleven hours each day. The helicopter and pilot costs were approximately $700.00. There were also some expenses in hosting the GTE personnel. Concern was mentioned over the ethnicity in the filming of the video. The video will be a 7 to 8 minute tape, and the first cut should be ready in about 6 weeks. Gary shared that he was very pleased with the overall outcome. Ron Pankey thanked all who participated in the making of the video. Mary Ann Kellam announced that the video will be shown at the August 20 Chamber meeting. Tim Brancheau informed the Partnership that the video will be shown at the Real Estate Brokers Reception to be held on Sept. 25, 1997 at Town Center. Ron Pankey will help Tim with selecting the entertainment and the guest list for this event. Tim noted that there will be monies available r from the city to host this event. 5. consideration of city of Regensburg (Germany) Proposal to Establish a Trade Relationship Between the cities of coppell and Regensburg Mayor Tom Morton was not available to present report due to a school exam ~e was giving. The Mayor asked to reschedule for the June 4 Partnership meeting. It was moved by Doug Shaw and seconded by Pat Murphy that the consideration of ci ty of Regensburg Proposal be rescheduled for the Economic Development Partnership meeting on June 4, 1997. The motion passed unanimously. 6. Update on current' Potential commercial/Industrial Developments Gary Sieb informed the Partnership of two potential developments. One being a Fortune 100 Company. They are shopping in the DFW area for 30 acres of land to build a 100,000 to 200,000 sq. ft. building employing about 200 employees. Gary has sent Economic Development Information to the company. The second potential development is the Alford Media Company. They are currently looking at a 14 acre track on the East side of State Rd. also known as the Gillcrest property. They are planning to leave the home on the property and converting it into a conference center, as well as build a 50,000 sq. ft. facility valued at about 1.5 .million, which will employ approximately 40 people. The Alford Media will have to rezone and plat the property. Gary Sieb has suggested the company request for tax abatement. Ron Pankey shared with the Partnership that the NCAA is no longer considering Coppell for their building site. 7. General Discussion and Other Business Gary Sieb provided the Partnership with the letter and list of businesses that the Economic Development Duck Call mailer was sent to. Thirty mailers went out on April 16, 1997 with no responses as to date. Isabelle Moro provided the revisions to the Community Profile. She added an index, page numbers and a narrative on the Coppell Independent School District including C-FB information. Doug Shaw shared update on the current legislative session pertaining to school property taxes. The House version eliminates the Robin Hood Program. The plan is now being presented for the Senate version. Doug reported that we have 10 to 12 districts being represented. The school tax appraisals will be known in June. Mary Ann Kellam announced that Dick.. Army will be presenting at the Metrocrest Chamber meeting on May 27, 1997 at 7:30 a.m. in the Marriott Hotel. The Partnership voiced interest in receiving the ribbon cutting schedule. Scarlett Hovland will notify Debby Cook at the Chamber to provide list each month. With no further business to discuss, it was moved by Ron Pankey, seconded by Mary Ann Kellam that the meeting adjourn. By unanimous vote, the meeting was adjourned at 7:50 p.m. - . . . , , COPPELL ECONOMIC DEVELOPMENT PARTNERSIllP JUNE 4, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, June 4, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Bill Rohloff, Doug Shaw, Kathryn Stephenson, Jay Turner, Councilmembers Chuck Sturges and Marsha Tunnell, City Manager Jim Witt, and Mayor Tom Morton. Also attending were Jeff Turner with Insignia Commercial Group, Inc. and John Leinbaugh with Industrial Developments International. 1. Call to Order Ron Pankey called the meeting to order at 7:05 p.m. 2. Approval of Minutes It was moved by Pat Murphy, seconded by Doug Shaw that the minutes of May 7, 1997 be approved as recorded. The motion passed unanimously. 3. consideration of Request by Insignia Commercial Group for Tax Abatement for a 367,000 s.f. Office/warehouse Building located on Airline Drive Isabelle Moro presented synopsis of the Insignia Commercial Group Inc., with Chad Beach providing summary of the estimated valuation of the development. Mr. Jeff Turner made presentation of the development, stating that the Group would be making long term leasing agreements beginning at 10 years. Insignia has pre-leased approximately 142,700 s.f. of space to Briggs-Weaver, the nation's largest industrial supply distributor. Insignia is also working with other prospects, including GTE, Grinnell Sprinkler Systems and others to take the balance of the building which is 224,778 s.f. He also said the future growth of the Group could possibly entail a fourth building. Jeff provided brochures on design features and benef its of the facili ty . Much discussion followed debating issues that needed to be considered when deciding a tax abatement. After a lengthy discussion, it was moved by Ron Pankey and seconded by Bill Rohloff that the request by Insignia Commercial Group fQr tax abatement be granted. The motion passed unanimously. , . 4. Consideration of Request by Xndustrial Developments Xnternational for Tax Abatement for Two Proposed Office/warehouse Buildings located at D/FW Trade Center Isabelle Moro explained that IDI was asking for tax abatement on two separate buildings, D & E. Building D does not meet criteria for tax abatement and Building E does meet the criteria. Chad Beach supplied copies of the estimated valuation of development for the two separate buildings.' Isabelle introduced John Leinbaugh representing IDI. John made presentation on IDI and supplied a brochure on the DFW Trade Center development. Buildings D & E have only begun dirt work. Buildings D & E would have to be completed and on the tax roles before the abatement could begin. Lease contracts will begin at a five to ten year term. Lengthy discussion followed debating issues on each separate building. Jay Turner suggested that the Partnership be provided with the Guidelines and requirements for tax abatements along with the application for review. It was moved by Jay Turner, seconded by Doug Shaw that Building E be granted tax abatement requested by Industrial Developments International. The motion passed unanimously. It was than moved by Jay Turner, seconded by Bill Rohloff that Industrial Developments International request for tax abatement on Building D be denied. The motion passed by a 4 to 3 vote. 5. Consideration of City of Regensburg (Germany) Proposal to Establish a Trade Relationship Between the cities of Coppell and Regensburg Mayor Tom Morton introduced the trade relationship between the Coppell and Regensburg. This proposal would allow for a pair up with economic alliances. This would also be a means of developing neighbor relations for those businesses interested in expanding into Germany. There are already several businesses in Coppell that are interested in this program. Mayor Tom Morton will have available a distribution of details for the Partnership. 6. Update on current' Potential commercial/xndustrial Developments Isabelle Moro informed the Partnership with updates on several potential developments. The MEPC development will be presenting to the Planning & Zoning Committee this month to begin Phase I of their building located at the NW corner of Gateview and Royal Lane. The Alford Media Company is moving ahead in pursuing development on 14 acre track on the East side of State Rd. also known as the Gillcrest property. The Princeton Park development is considering location across from the Justice Center which would consist of a two story building totaling 27,000 sq. ft. A Mexican Restaurant is shopping for 3,000 sq. ft. of existing space in Coppell. The retail center space on Sandy Lake and McArthur is available for sale. A Hotel Development is considering property at Sandy Lake and Denton Tap. . . . , . 7. General Discussion and other Business Mary Ann Kellam reminded the Partnership of the Coppell Chamber Golf Classic on June 12, 1997. She also mentioned the Fourth of July festivities scheduled for the city. The next Partnership meeting will be held in the second week of July rather than the first week due to the July Fourth Holiday. The July meeting will be held July 9th at 7:00 in the Upstairs Conference Room. with no further business to discuss, it was moved by Ron Pankey, seconded by Doug Shaw that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:45 p.m. ~ COPPELLECONONnCDEVELOPMENT PARTNERSHIP JULy 9, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, July 9, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Bill Herries, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Tom Morton, Pat Murphy, Ron Pankey, Bill Rohloff, Gary Sieb, Doug Shaw, Kathryn Stephenson, Councilmembers Chuck Sturges, Marsha Tunnell, and City Manager Jim Witt. Also attending were Jeff Turner with Insignia Commercial Group, Inc. and Pete $mith, city Attorney. 1. Call to Order Ron Pankey called the meeting to order at 7:05 p.m. 2. Approval of Minutes It was moved by Doug Shaw, seconded by Bill Rohloff that the minutes of June 4, 1997 be approved as recorded. The motion passed unanimously. 3. Briefing by city Attorney on evaluating tax abatement applications Pete Smith, City Attorney made presentation on evaluating the City's tax abatement applications. Pete explained that sometimes the applicant has misunderstandings concerning the application and offered options the Partnership has concerning the applications. The Partnership has flexibility with the guidelines presented to the applicant. All applicants shall be considered on a case by case basis. Pete explained that first the applicant asks for the tax abatement, the Partnership then makes decision on approving the tax abatement, and then it is presented to the Council. Pete stressed the impact of the Partnership as to their decision on tax abatements, that in most cases the Council will respect the Partnerships decision. Some of the stipulations that may be placed in the application agreement could include the style of building, and quality of the business pertaining to the landscaping, generation of job, payroll sales tax, etc. Pete also explained the Triple Net Lease option for third party leases. Pete reminded the Partnership that tax abatements are for a period of five consecutive years, however the city may delay the commencement of the tax abatement until January 1 of the second year following the year in which the tax abatement agreement is executed. positive discussion followed Pete's presentation. The Partnership was happy to learn about the freedom of creativity that may be used when considering tax abatements. 4. Presentation of City's projected Tax Revenues Ron Pankey made presentation to the Partnership with graphs showing Commercial footage growth through the years of 1992 to 1997. Commercial growth declined until 1994 with the biggest growth period being in 1996. He also presented graphs showing the valuation of Residential footage through 1992 to 1997. Ron pointed out that the greatest revenue loss is with residential growth, emphasizing the need for Commercial Development to bring relief to the residents, thus the need for tax abatements. Ron also provided copies of a study on the "Fiscal Impact By Existing Land Use and New Development for the city of Coppell, Texas" prepared by Luis castillo in December of 1992. Ron would like to have a similar report prepared showing the current fiscal impact. This study would involve participation of the Partnership as well as input from various city Employees. Chad Beach continued presentation with handouts depicting taxable valuation growth comparison. Chad projects that the revenue in 1997 will come down three to five percent with two percent as a result of tax abatements. Lengthy Discussion followed on how to best utilize the summary of the City's Projected Tax Revenues. It was felt that the council, City, Developers and Media would benefit from such a report. Some of the suggestions for circulation of the study would be to start with local newspapers and publications and local community business gatherings. It was also discussed in circulating these proj ections in publications that would reach outside of Dallas. city Manager Jim witt will be researching the possibility of a free lance writer to help in presenting facts to the newspapers and magazines. It was stressed by the Partnership that this needs to be a Business Development story instead of a Metropolitan story. The Partnership made a decision to present a Revenue Projection Survey to the Chamber Luncheon on August 20, 1997. Bill Herries and Bill Rohloff will be responsible for the communication part of the study. Ron Pankey and Chad Beach will be putting together the numbers for the report. 5. Consideration of Request by Insignia commercial Group for Tax Abatement for a second 367,000 s.f. Office/Warehouse Building located on Airline Drive Mr. Jeff Turner, representing Insignia Commercial Group shared with the Partnership that Building I of their building site plan is complete and Briggs-Weaver, the nation's largest industrial supply distributor is leasing the space. Mr. Turner requested tax abatement on Building II. Jeff provided brochures on design features and benefits of the facility. Chad Beach provided summary .pf the estimated valuation of the development. Mr. Turner stated that there were high-tech tenants interested in leasing the space. He also stated that the leasing agreements would be for a five to ten year term. Discussion followed and it was moved by Doug Shaw and seconded by Tim Brancheau that the request by Insignia Commercial Group for tax abatement on Building II be granted. The motion passed unanimously. 6. preliminary Discussion of city of Regensburg (Germany) proposal to Establish a Trade Relationship Between the cities of coppell and Regensburg Isabelle Moro led discussion on the City of Regensburg Trade Relationship proposal. Discussion followed with questions that remained unanswered, as the proposal was very general in detail. Tom Morton mentioned that MJ Designs, Kraftmade, and Mannatech Inc. have shown an interest in the trade relationship. Tom felt that these companies would be good sources to gather information and questions in response to the proposal. Ron Pankey and Tom Morton will be putting together a response to the proposal for the Partnership's review before the end of July. 7. Update on current & potential Commercial/Industrial Developments Gary Sieb presented to the Partnership updates on developments indicating locations on the zoning map and with handouts. Gary informed the Partnership that an Express Mail Postal Service will be leasing a 116,000 sq. ft. building with the Lincoln Properties located at the SW corner of Wrangler, and that this will be a long term lease. MEPC has begin construction on a 300,000 sq. ft. building located at the NW corner of Gateview Blvd. and Royal Lane. Gary said there was some question as to the ownership of a vacant tract South of Vari-Lite; rumor had it that Lincoln Properties had a contract to buy the acreage. Gary reviewed the development potential located at McArthur and Beltline. 8. General Discussion and other Business Tom Morton will be providing copies of an article on Tax Abatement from the Texas Business Journal. Gary Sieb will be viewing the Coppell Video around July 20th and the Partnership is invited to view with him. Mary Ann Kellam announced the Chamber Luncheon on August 20th to be at the Las Colinas Country Club for the first public viewing of the Video. COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP AUGUST 6, 1997 MINUTES The Coppell Economic Development Partnership met at 12:40 p.m. at GTE's World Headquarters, VisNet Division, 700 Hidden Ridge Drive, Irving, Texas on Wednesday, August 6, 1997. The Following were present: Tim Brancheau, Mary Ann Kellum, Isabelle Moro, Pat Murphy, Ron Pankey, Bill Rohloff, Gary Sieb, Kathryn Stephenson, Mayor Candy Sheehan, Council member Marsha Tunnell, and City Manager Jim Witt. Also in attendance were Georgean Sherriff, Jim Martin, and Deirdre deCoverly representing GTE, and David Newman representing his graphics firm. 1. Call to Order Ron Pankey called the meeting to order at 12:40 p.m. 2. Approval of Minutes It was moved by Pat Murphy, seconded by Bill Rohloff that the minutes of July 9, 1997 be approved as recorded. The motion passed unanimously. 3. Comments Regarding Coppell Video It was moved by Pat Murphy, seconded by Bill Rohloff that the Coppell video be endorsed by the Partnership, and that GTE be commended on the job they did in reflecting upon a number of positive elements of the City. The motion passed unanimously. 4. General Discussion Tim Brancheau reported on the progress of the reception to be held on September 25, 1997. After discussion regarding wording of the invitation, Tim was instructed to proceed with assembling the mailing list and printing of the invitation itself. It was felt that the invitation should mention the video as one of the selling points of attending the reception, which Tim agreed to include in the printed invitation. Ron Pankey advised the Partnership that the possibility of entering into an agreement with Regensburg, Germany to develop an economic alliance had been passed upon at present, but the possibility of bringing this issue before the Partnership at some future date was left open. 5. Adjournment It was moved by Mary Ann Kellum, seconded by Bill Rohloff that the meeting be adjourned. The motion passed unanimously and the meeting was adjourned at 12:45 p.m. Respectfully submitted, Gary L. Sieb, Acting Secretary ptnershp COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP SEPTEMBER 3, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, September 3, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Bill Herries, Scarlett Hovland, Isabelle Moro, Pat Murphy, Ron Pankey, Gary Sieb, Doug Shaw, Councilmembers Chuck sturges, Marsha Tunnell, and city Manager Jim witt. Also attending were Tom Kuhlmann and Michael peinado with Lincoln Property Company and Sharon Hook with Fritz companies, Inc. 1. Call to Order Ron Pankey called the meeting to order at 7:08 p.m. 2. Approval of Minutes It was moved by Doug Shaw and seconded by Pat Murphy that the minutes of August 6, 1997 be approved as recorded. The motion passed unanimously. 3. Consideration of Request by Fritz companies, Inc. for Tax Abatement for a 307,872 s. f. Office/Warehouse Building located on Fritz Drive Sharon Hooks presented the request for Fritz Companies tax abatement. She provided handouts on objective criteria along with correspondence between the City and Fritz. Sharon explained that the company had some changes in management which caused miscommunication problems. Chad Beach supplied handouts summarizing the results of the econometric model with regards to this proposed development. The Partnership discussed the pros and cons of the abatement. The Partnership agreed it could not take responsibility for the miscommunication caused by change of management within the Fritz Companies. After discussion it was moved by Doug Shaw and seconded by Bill Herries that the request by Fritz Companies, Inc. for tax abatement be denied. The motion passed unanimously. 4. Consideration of Request by Lincoln Property Company for Tax Abatement for a 530,800 s.f. Office, Warehouse and Distribution Development consisting of 4 separate buildings located on southwest corner of Beltline Road and Lakeshore Drive Mr. Tom Kuhlmann and Mr. Michael Peinado presented to the Partnership their request for tax abatement. They provided very detailed information on handouts concerning their request. Currently Lincoln Properties is pursuing leases with various multi-national companies for space at Coppell Business Center II. The tenant mix at Coppell Business Center II should be comparable to Lincoln's Phase I Development. Mr. Peinado shared with the Partnership that at the end of this week, Coppell Business Center I will be 100% leased. The leases range from a 5 year lease to a 10 year lease. Their tenants include the Postal Service and Minolta. Mr. Kuhlmann and Mr. Peinado also shared that some of their tenants' employees were residing in Coppell. They felt that the newness of Coppell, the airport, and being very accessible to the metroplex area attracted their tenants. Chad Beach also provided a handout summarizing the results of the econometric model for this development. After some discussion it was moved by Doug Shaw and seconded by Tim Brancheau that the request by Lincoln Property Company for tax abatement be granted. The motion passed unanimously. Further discussion continued on adding a provision to the tax abatement ordinance stating that all tax abatement be passed to the tenants. It was moved by Ron Pankey and seconded by Pat Murphy to add a provision to the tax abatement ordinance stating that all tax abatement be passed to tenants. The motion passed unanimously. 5. Discuss the status of the plans for the reception honoring area Brokers and Developers Tim Brancheau shared with the Partnership that the details for the reception are underway. The food has been ordered, the invitations have been mailed, and the band has been scheduled. Tim thanked the city Staff for all their help in the arrangements for the reception, including ordering and addressing the invitations. Ron Pankey will be purchasing gift certificates for door prizes. Business Cards from the attendees will be put into a bowl for the drawings. 6. Viewing of Coppell Video and Cost of Purchase Gary Sieb led discussion on purchase cost for the Coppell Video. Gary provided handouts on the GTE Videotape Duplication rates. Some of the suggestions from the Partnership were to charge $10.00 or $25.00. It was also suggested that prospects should not be charged for video, and to make the video available in the library. Jim witt would like to see an update on our collateral material to resemble that of the Video logo to keep consistency. It was also suggested that the video might take the place of printed materials. It was moved by Tim Brancheau and seconded by Pat Murphy to charge $10.00 for the video and CD-Rom separately and $25.00 for the combination boxed set. The motion passed unanimously. 7. Update on current' Potential commercial/Industrial Developments Gary Sieb presented to the Partnership two future developments. One being an office user building along Airline which will employ 800 people. The second development will locate at Sandy Lake Road and 121 Bypass, across from Grapevine Mills. This development will consist of 190,000 sq. ft. and will be for retail. 8. General Discussion on How to Expand the Responsibilities of Economic Development Ron Pankey made a presentation to the Partnership with graphs showing Commercial and Residential growth from 1992 to present. In 1996 our revenue to the city shows over one million dollars. Ron pointed out that in 1997 our revenue is proj ected at over two million, a million dollar increase. Ron suggested that the Partnership consider hiring a professional Economic Development Director to help expand the responsibilities of the Partnership. Much discussion followed on the pros and cons of hiring such a person. Jim witt explained the cost of hiring a professional related to start- up expenses and salary. Chuck Sturges announced that the budget for the next year had already been drafted and thought it too late to budget this person. The partnership continued the discussion and some of the ideas consisted of hiring an Economic Director in about 4 to 5 years for retention of businesses, whereas some felt that it would be beneficial for small businesses and start-up businesses, along with seeking and finding developments that could build in Coppell. It was moved by Tim Brancheau and seconded by Bill Herries that the Partnership keep the Economic Development Director topic open for future discussion. The motion passed unanimously. Ron encouraged the Partnership to have input into this proposal. 9. General Discussion and Other Business with no further business to discuss, it was moved by Tim Brancheau and seconded by Bill Herries that the meeting adjourn. By unanimous vote, the meeting was adjourned at 9: 00. COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP OCTOBER 1, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, September 3, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Tim Brancheau, Bill Herries, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Bill Rohloff, Gary Sieb, Doug Shaw, Kathryn Stephenson and City Manager Jim witt. 1. Call to Order Vice Chairman Tim Brancheau called the meeting to order at 7:05 p.m. 2. Approval of Minutes It was moved by Mary Ann Kellam and seconded by Tim Brancheau that the minutes of September 3, 1997 be approved as recorded. The motion passed unanimously. 3 . Introduction of new Partnership members and Election of Chair.man and Vice Chair.man Gary Sieb announced that Pam Kurtzman is a new Partnership member. vice Chairman Tim Brancheau passed on becoming the Chairman for the partnership. It was moved by Bill Herries and seconded by Tim Brancheau that Bill Rohloff be nominated for Chairperson of the Partnership. The motion passed unanimously. It was moved by Doug Shaw and seconded by Bill Herries that Pat Murphy be nominated for vice Chairman of the Partnership. The motion passed unanimously. 4. OVerview of City marketing material and financial incentives for new members Item was tabled for discussion at the November 5, 1997 meeting. ~~, ':1'i ., ,.. Ai-''', 8. update on CUrrent & Potential Commercial/Industrial Developments Gary Sieb reported that a Walmart Store is considering the site at Sandy Lake Rd. and 121 Bypass consisting of 190,000 sq. ft. IBM Business Center will be developed at wrangler and Beltline consisting of 151,000 sq. ft. The center will be a selling site consisting of 800 to 900 jobs. The selling will be directed at current customers. Salaries will range from 40,000 to 80,000 yearly. The development expected completion is July 1998. Gary Sieb showed the site plans, with no elevation pictures available at this time. Gary also reported that the Lincoln properties Buildings are fully leased. The Lesley Property located at LBJ and Beltline is considering selling. One other new development may be that of a medical center on Beltline. Discussion followed over the concern of Bethel Road being renamed to Bass Pro Drive. Coppell was not notified through the City of Grapevine when this was done. The Partnership would like to be notified of ground breakings, however a lot of times the city receives short notice of ground breakings. 9. General Discussion and Other Business The partnership discussed the pros and cons of hiring an Economic Development Director for the City of coppell. The partnership felt that the City Staff is adequately supplying these needs, and that Coppell sells itself at this time. It was moved by Bill Herries and seconded by Doug Shaw that the issue of hiring an Economic Development Director be tabled until the budget preparation for fiscal year 1998-1999 which will begin in April. The motion passed unanimously. with no further business to discuss, it was moved by Bill Herries and seconded by Tim Brancheau that the meeting adj ourn. By unanimous vote, the meeting was adjourned at 8:15. Respectfully submitted, Scarlett Hovland COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP November 5, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, November 5, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Bill Herries, Scarlett Hovland, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Bill Rohloff, Gary Sieb, Doug Shaw, Kathryn Stephenson, Councilmembers Chuck Sturges, Marsha Tunnell, and City Manager Jim Witt. Also attending was John Leinbaugh with Industrial Development International. 1. Call to Order Chairman Bill Rohloff called the meeting to. order at 7:06 p.m. 2. Approval of Minutes It was moved by Doug Shaw and seconded by Bill Herries that the minutes of October 1, 1997 be approved as recorded. The motion passed unanimously. 3. Overview of City Marketing material and financial incentives for new members Isabelle Moro introduced the Partnership Marketing Packet to new member Pat Kurtzman. Isabelle noted that she had updated the Fast Facts and the Community Profile summaries. Isabelle explained the tax abatement procedure and how it is applied. Gary Sieb presented the Coppell Video and CD package. 4. Consideration of a Request by Industrial Development International for Tax Abatement for a 142,264 s.f. Office/Warehouse Building at the D/FW Trade Center . Chad Beach provided a summary of IDI's application for tax abatement and a building profile of the trade center. Mr. Leinbaugh was asking for tax abatement on building "D" which will be completed towards the middle of November. Building "D" will offer both office and warehouse space. Mr. Leinbaugh explained that this building will lease for a 5 to 15 year contract. There are prospective tenants considering space in this building, one being a business office tenant and the other being GTE is looking at the warehouse space. Mr. Leinbaugh shared with the partnership his concern over the competition in Grapevine and also Carrollton. Discussion followed. It was moved by Doug Shaw and seconded by Tim Brancheau that Building "D" be granted tax abatement requested by Industrial Developments International. The motion passed unanimously. - - - , - - - - , - , - - - - , -- - , - - - - - , - -- - , - , 5. update on Current & Potential Commercial/Industrial Developments Gary Sieb reported that a Walmart Store considering the site at Sandy Lake Rd. and S. H. 121 Bypass has not made a decision at this time. IBM Business Center will not be developed at the wrangler and Beltline location because of gas lines deterring the beginning of construction, however they moved their site to Airline and Beltline and have begun construction. E Systems is considering property located on Coppell Rd. and S. H. 121 Bypass. They are considering this location due to its proximity to Grapevine Mills shopping mall. Tom Thumb is still planning to locate here, just behind with their building schedule. 6. update on Marketing Endeavors The last batch of the duck calls were sent to the attendees of the partnership reception. Isabelle provided a copy of the letter that was sent out with the duck calls, as well as a copy of the mailing list. A total of 22 were mailed with a return of 2 Thank You's. The second mailing will consist of the Jumper Cables followed by the Star Being Born Frame. 7. General Discussion and Other Business Bill Rohloff suggested a new directory of the Partnership members be made available with the upcoming mailing of the November meeting minutes. Gary Sieb shared that the Coppell video and CD Package's are available for sale or distribution. Gary informed the Partnership of Jay Turner's resignation. A new member will be decided by council this month. Bill Rohloff shared that Ron Pankey will be on the November 11th council meeting agenda. Mr. pankey will be bringing forth the proposal of the City hiring an Economic Development Director. Bill invited the Partnership to be present at the council meeting or to watch it on Channel 19. with no further business to discuss, it was moved by Doug Shaw and seconded by Tim Brancheau that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:05. Respectfully submitted, Scarlett Hovland