EDP - Minutes - 1998
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COPPELL ECONOMIC DEVELOPMENT PARTNERSIDP
January 7, 1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, January 7, 1998 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, Karen Hunt, Pamela Kurtzman, Isabelle Moro, Pat
Murphy, Bill Rohloff, Gary Sieb, Councilmembers Chuck Sturges,
Marsha Tunnell, and City Manager Jim Witt. Also attending were Tom
Palmer and Mark Bennett with presbyterian Healthcare System.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at
7:05 p.m.
2. Approval of Minutes
It was moved by Pat Murphy and seconded by Tim Brancheau that
the minutes of November 5, 1997 be approved as recorded. The
motion passed unanimously.
3. Consideration of a Request by Presbyterian Healthcare System
for Tax Abatement for a 45,000 s.f. Medical Office Building
located at the northeast corner of Denton Tap Road and vista
Ridge Blvd. (Moro/Beach)
Isabelle Moro provided copies of letter received from
presbyterian Healthcare System introducing themselves and an
application for tax abatement. Isabelle introduced Mr. Tom
Palmer, Facilities Services with presbyterian Healthcare
System. Mr. Palmer displayed a site plan for the Healthcare
System showing buildings, landscaping, and parking. The
building plan consists of a Medical Office Building and an
Ambulatory Care Center. Tax abatement was only being asked
for the Medical office building. The Ambulatory Care Center
will be tax exempt. Mr. Palmer introduced Mark Bennett, ACC
Administrator with presbyterian Healthcare System. The
Medical office will be a three story building consisting of
Out patient care, Diagnostic clinic, urgent care with
overnight rooms available and meeting facilities. The meeting
facilities will be available for use by the community. Mr.
Palmer and Mr. Bennett explained that there is a need for a
facility within the community offering a presbyterian Health
Plan. They also felt the facility would compliment existing
physician care, along with offering employment of up to 200.
The building project is scheduled to begin in mid February and
complete in the last quarter of 1999. Construction is
estimated at about 16 months. The Medical office building and
the ambulatory care center will be build at the same time
according to the construction plan. Chad Beach provided a
summary of presbyterian's application for tax abatement. Chad
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noted that the tax abatement would not have to begin until the
year 2000, since the building would not be completed until the
end of 1999. Discussion followed. The partnership agreed that
the office building and the ambulatory care center should be
build at the same time. It was moved by Pat Murphy and
seconded by Tim Brancheau that the 75% tax abatement request
be granted contingent on both the office building and the
ambulatory care center being constructed at the same time.
The motion passed unanimously.
4. update on CUrrent & Potential Commercial/Industrial
Developments
Gary Sieb reported on the presbyterian Healthcare System being
located at the northeast corner of Denton Tap Road and Vista
Ridge Blvd. Lucent Technologies will be locating at Airline
and Freeport as new user of warehouse distribution. An office
warehouse consolidation is looking at 120,000 sq. ft. space
for relocation to Coppell. Walmart has decided not to locate
in Coppell. Tom Thumb project is still active, and Simmons
Mattress Company is considering a location at the DFW Trade
Center in Coppell. The partnership requested a summary report
listing current and potential Industrial land. Isabelle will
supply information for report. Also suggested was a tax
abatement revenue flow graph which will be provided by Chad
Beach.
5. update on Marketing Endeavors
The last mailing consisting of the duck calls have been mailed
to the attendees of the partnership reception. The third
mailing will consist of the jumper cables. Isabelle Moro will
bring samples of the mailings to the February Partnership
meeting.
6. General Discussion and Other Business
Gary Sieb shared that the Coppell Leadership workshop will be
meeting on Wed., Jan. 14, 1998 and that Economic Development
will be the focus of the evening. He invited any of the
Partnership to attend. It was suggested that the partnerhip
invite Dallas area developers to speak at the March meeting.
Bill Rohloff introduced the partnership's newest member, Karen
Hunt, a loan officer with Overton Bank. 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 8:30 p.m.
Respectfully submitted,
s~~
Scarlett Hovland
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COPPELL ECONOMIC DEVELOPMENT PARTNERSIDP
February 4, 1998
MINUTES
The Coppell Economic Development partnership met at 7:00 p.m. on
Wednesday, February 4, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Tim Brancheau, Scarlett
Hovland, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Bill Rohloff,
Doug Shaw, Gary Sieb, Kathryn Stephenson, Councilmember Marsha
Tunnell, and City Manager Jim Witt.
1.
Call to Order
Chairman Bill Rohloff called the meeting to order at 7: 05 p.m.
2. Approval of Minutes
It was moved by Tim Brancheau and seconded by Doug Shaw that
the minutes of January 7, 1998 be approved as recorded. The
motion passed unanimously.
3. Coppell Economic Development Program presentation
Isabelle Moro and Chad Beach presented an overview of
Coppell' s Economic Development. Copies were provided showing
past, present, and future growth for Coppel. Chad Beach
explained tax abatement policies and guidelines. Isabelle
Moro explained the application process for tax abatements.
Discussion followed concerning what tax abatement percentage
is offered in surrounding cities. Chad Beach will follow-up
with this information for the Partnership meeting in March.
4. update on Marketing Endeavors
Isabelle Moro presented samples of the partnership mailings
that were sent to various developers. Several thank-you notes
were received from the jumper cable mailings. The next
mailing will consist of the Star Being Born picture Frame.
Isabelle provided copies of the 1998 business survey update
that is being mailed to various businesses in Coppell.
5. General Discussion and Other Business
Jim witt shared with Partnership that Sharon Logan is the
City's new Communications Information Officer. Gary Sieb
distributed a poster of Coppell advertising various businesses
provided through a private company. There was some discussion
on the fact that development is changing with demand for more
office space lease and less warehouse leasing. with no
further business to discuss, Chairman Bill Rohloff adjourned
the meeting at 8:15.
Respectfully submitted,
S~~~~
Scarlett Hovland
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COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
March 4, 1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, March 4, 1998 at
Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Tim Brancheau, Karen Hunt, Mary Ann Kellam, Pamela Kurtzman,
Isabelle Moro, Pat Murphy, Doug Shaw, Gary Sieb, Councilman Chuck Sturges.
1. Call to Order
Vice Chairman Pat Murphy called the meeting to order at 7:03 p.m.
2. Approval of Minutes
It was moved by Doug Shaw and seconded by Tim Brancheau that the minutes of February 4,
1998 meeting be approved as recorded. The motion passed unanimously.
3. Request by Lucent Technologies, Inc. for Tax Abatement
Gary Sieb introduced Mr. Bruce Hyde, Tax Manager with Lucent Technologies who flew in from
New Jersey for the meeting. Mr. Hyde gave an overview of Lucent Technologies, which is a
Fortune 40 company and world leader in the design, development and manufacture of
communications systems. The company builds local networks, business telephone systems, as
well as microchips and related components needed to run a host of products and systems.
Currently, Lucent is in the process of consolidating much of its operations in Texas. Offices in
Addison, Carrollton, Dallas and Irving will be consolidated in this 100,000 s.f. facility being
proposed in Coppell. The new building will house approximately 800 employees in the
administrative, back-office and sales functions whose average annual salary will be close to
$60,000. Lucent selected this location for the level of visibility and exposure it offers to Interstate
Highway 635. Expected move-in is December 1998. Chad Beach provided a summary of Lucent
Technologies' application for tax abatement. Discussion followed. It was moved by Tim
Brancheau and seconded by Doug Shaw that the 75% tax abatement request be granted to Lucent
Technologies, Inc. The motion passed unanimously.
4. Update on Current & Potential CommerciallIndustrial Developments
Gary Sieb reported that the Site Plan for Lucent Technologies was approved both by the Planning
and Zoning Commission and Council. The Minor Plat for this 6.57 acres property was submitted
for City signatures. Gary Sieb mentioned that Presbyterian Hospital's Site Plan and Plat was
approved by City Council. However, Presbyterian has requested a sign variance from the Board
of Adjustment. The case will be heard by the Board on Thursday, March 5, 1998. Gary Sieb also
informed the Partnership that Bill Rohloff will go before City Council on March 10, 1998 to give
a progress report on the activities of the Coppell Economic Development Partnership.
6. General Discussion and Other Business
Isabelle Moro reported that the Coppell Industrial Employers List had been updated and provided
each member with a copy of the new listing. With no further business to discuss, it was moved by
Tim Brancheau and seconded by Doug Shaw that the meeting adjourn. By unanimous vote, the
meeting was adjourned at 7:45 p.m.
~~
Isabelle Moro
COPPELL ECONOMIC DEVELOPMENT PARTNERSIDP
April 1, 1998
MINUTES
The coppell Economic Development partnership met at 7:00 p.m. on
wednesday, April 1, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Bill Herries, Scarlett
Hovland, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Bill Rohloff,
Doug Shaw, Gary Sieb, Kathryn Stephenson, and councilmember Marsha
Tunnell. Also attending '.V'ere Mr. Ralph Heins and Mr. Andrew McCaig
with primera Companies.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at 7:10 p.m.
2. Approval of Minutes
It was moved by Pat Murphy and seconded by Doug Shaw that the
minutes of March 4, 1998 be approved as recorded. The motion
passed unanimously.
3. Request by primera Companies, Inc. for Tax Abatement
Gary Sieb introduced Mr Ralph Heins and Mr. Andrew McCaig with
primera Companies, Inc. Mr. Heins and Mr. McCaig gave an
overview of primera Companies which is a real estate
development and investment firm that specializes in industrial
warehouse properties. The company recently completed Park
West Business Center I & II. primera received a five year, 75t
tax abatement from the City of Coppell for the two buildings
on Executive Drive. primera is now asking for a tax abatement
for a 310,000 s. f. Speculative Office/warehouse facility
located at 1110 Northpoint Drive, in the Freeport North
Business Park. The proposed building will have a painted
exterior finish and the truck court along Northpoint Drive
will be screened in with a living screen. This development
will offer 5t to lOt less office space than surrounding
buildings, however primera feels there is still a great demand
for distribution warehouse space. The tax abatement will help
with competitive sites in Grapevine, Lewisville and Alliance.
The projected employment number is 100 to 150 employees. The
average lease will be for 5 years. The developer is just now
beginning to move dirt. At this time there is not a tenant
secured for this building. Chad Beach provided a summary of
primera properties application for tax abatement. Discussion
followed. It was moved by Doug Shaw and seconded by Bill
Herries that the 75t tax abatement request be granted to
primera properties. The motion passed unanimously.
r-
4.
update on CUrrent & Potential Commercial/Industrial
Developments
Gary Sieb reported that the presbyterian Healthcare System has
closed on the property. presbyterian was granted a sign
variance from The Board of Adjustment. Gary mentioned there
are other development possibilities in which he was not able
to disclose at this time. A Commercial Laundry Company is
considering location in Coppell but would require Coppell to
provide the water it needed to run this facility.
5 .
General Discussion and Other Business
Chairman Bill Rohloff reported that the Mayor, Boards and
Commission Breakfast was very informative. Topics discussed
included road construction, the Recreation and Aquatics
Center, Wagon Wheel Park development, etc. The meeting
emphasized that a lot of development is occurring in Coppell.
The meeting was very informative and will be held on a
quarterly basis. Chairman Bill Rohloff reported an update on
the partnership to the City Council on March 10, 1998. The
complexity of the proposed animal shelter was discussed. with
no further business to discuss, it was moved by Doug Shaw and
seconded by Pamela Kurtzman that the meeting adj ourn. By
unanimous vote, the meeting was adjourned at 7:35 p.m.
Respectfully submitted,
S~ '"'"~~~
Scarlett Hovland
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COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
May 6, 1998
MINUTES
The Coppell Economic Development Partnership met at 7: 00 p.m. on
Wednesday, May 6, 1998 at Coppell Town Center, 2nd Floor Conference
Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following
were present: Chad Beach, Tim Brancheau, Scarlett Hovland, Karen
Hunt, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Gary Sieb, City
Manager Jim Witt, and Councilmember Chuck Sturges.
1.
Call
Vice
p.m.
make
to Order
Chairman Pat Murphy called the meeting to order at 7:25
Pat Murphy noted that there was lack of a quorum to
any administrative actions.
2. Approval of Minutes
There were no administrative actions taken due to the lack of
a quorum.
3. Tax Abatement Policy Survey
Chad Beach led discussion on the Tax Abatement Policy Survey.
Chad provided copies of a Tax Abatement Policy Summary listing
cities within the metroplex. There were a total of 16 cities
surveyed including Coppell. The city of Grapevine and Addison
do not offer property tax abatements. The minimum investment
of $5 million in taxable assets is the average for tax
abatements in surrounding cities. Coppell's minimum investment
criteria is $5.5 million in taxable assets but may consider
less, based on other economic factors. The average percentage
abatement is 50% with Coppell's being 75%. The survey also
showed that longer terms of abatement are offered throughout
the metroplex up to 10 years. Chad Beach showed a 4 cities
comparison of annual tax savings for 2 hypothetical companies.
The city of Allen offered the highest tax savings, followed by
the cities of Lewisville and Grapevine. Coppell showed to
have the highest annual tax bill. The analysis also showed
each company's tax saving benefits with triple freeport
exemption. Discussion followed considering to lower the
percentage of abatement and to lengthen the term. Discussion
continued with comparison of Freeport Exemptions. Coppell has
a double freeport exemption while some of the area cities
offer a triple freeport exemption. City Manager, Jim Witt
expressed that various businesses are requesting the triple
freeport exemption. The City Manager also reported that
several developments considering to locate in Coppell went
elsewhere for the triple freeport exemption. The Partnership
made a recommendation that Gary Sieb consult with Mr. Cole
Morvan of PIano on their triple freeport tax exemption.
4. Update on Current & Potential Commercial/Industrial
Developnents
Gary Sieb had no developments to report on at this time.
5. General Discussion and Other Business
There was discussion on the summer schedule for meetings. It
was proposed that the Partnership not schedule meetings for
June, July or August. Special meetings will be called for tax
abatement requests. With no further business to discuss, the
meeting was adjourned at 8:00 p.m.
Respectfully submitted,
Scarlett Hovland
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COPPELL ECONOMIC DEVELOPMENT PARTNERSIllP
June 10, 1998
MINUTES
The Coppell Economic Development partnership met at 7:00 p.m. on
Wednesday, June 10, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Bill Herries, Scarlett Hovland,
Karen Hunt, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Bill
Rohloff, Doug Shaw, Gary Sieb, Kathryn Stephenson, City Manager Jim
Witt, and Councilmembers Doug Stover, Marsha Tunnell, and Larry
Wheeler.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at 7:05 p.m.
Mr. Rohloff introduced Councilmembers Doug Stover and Larry
Wheeler. Mr. Stover and Mr. Wheeler will be the new
representatives of the City Council for the partnership.
Mayor Pro Tern Marsha Tunnell and Councilmember Chuck Sturges
will no longer serve on the partnership committee.
2. Approval of Minutes
It was moved by Pat Murphy and seconded by Doug Shaw that the
minutes of April 1 and May 6, 1998 be approved as recorded.
The motion passed unanimously.
3. Tax Abatement Policy Survey
Chad Beach led discussion on the Tax Abatement policy Survey.
Chad provided copies of a Tax Abatement policy Summary listing
cities within the metroplex. There were a total of 16 cities
surveyed including Coppell. The city of Grapevine and Addison
do not offer property tax abat~ments. The minimum investment
of $5 million in taxable assets is the average for tax
abatements in surrounding cities. Coppell' s minimum investment
criteria is $5.5 million in taxable assets but may consider
less, based on other economic factors. The average percentage
abatement is 50% with Coppell's being 75%. The survey also
showed that longer terms of abatement are offered throughout
the metroplex up to 10 years. Chad Beach showed a 4 cities
comparison of annual tax savings for 2 unidentified Coppell
companies. The city of Allen offered the highest tax savings,
followed by the cities of Lewisville and Grapevine. Coppell
showed to have the highest annual tax bill. The analysis also
showed each company's tax saving benefits with triple freeport
exemption. Discussion continued with comparison of Freeport
Exemptions. Coppell has a double freeport exemption while
some of the surrounding communities offer a triple freeport
exemption. Some of the benefits that were mentioned for a
triple freeport exemption included being able to offer a tool
for recruiting warehouse developments, Coppell would not be
overlooked by developments because of area cities offering the
triple freeport exemption, would aid in retaining businesses,
and would be financially appealing to businesses.
4. Impact of a Freeport Exemption on CISD
Doug Shaw shared with the Partnership what impact the triple
freeport exemption would have on the CISD. He reported on two
issues of the most concern. The first issue being how the
revenue structure for CISD would be effected in the first year
of implementation and thereafter. The second issue is how
this would effect the Robin Hood Plan. City Manager Jim witt
provided handouts of a report done by Moak, Casey &
Associates, LLP on the "Consideration of the Adoption of a
Freeport Exemption by the Coppell Independent School
District." Moak, Casey & Associates have done analysis for
the Garland lSD, Frisco ISD and PIano ISD on this specific
issue. It was recommended by the partnership that the study
be done by Moak, Casey & Associates in order to assess the
actual impact the triple freeport tax would have on CISD.
Doug Shaw offered to take this recommendation to the School
Board. It was discussed that the developers in Coppell may be
willing to pay for the study to be done.
5. Canceling of July and August Meetings
Gary Sieb recommended to the partnership that only special
called meetings be held for July and August. It was moved by
Doug Shaw and seconded by Bill Herries that the July and
August Meetings be cancelled, unless a meeting needs to be
called for tax abatement requests. The motion passed
unanimously.
6. update on Current & Potential Commercial/Industrial
Developments
Gary Sieb reported that primeco was looking to locate in
Building D owned by IDI. primeco is interested in leasing
51,000 sq. ft. to store high tech equipment valued at $8
million. They are asking for a tax abatement. According to
Chad Beach, Legal Counsel advised him that the city could
amend the existing tax abatement agreement with IDI on
building "0" to include primco's equipment. The amendment
would allow the city to offer primeco tax abatement up to 75~
on the assessed value of their equipment. Chad will ask
primeco to complete a tax abatement application and provide
the city with the supporting documentation regarding annual
sales tax to be generated by the lease agreement on primeco
equipment. The partnership indicated they would be receptive
to schedule a special meeting in the near future to consider
primeco's request only if staff made a favorable
recommendation to the partnership. Isabelle also reported on
two new industrial developments. The first being a 2 office
building totalling 216,000 sq ft. of space being proposed for
the NW corner of Beltine and wrangler roads. The second being
an 80,000 sq. ft. call center being proposed for the Southwest
corner of Lakeshore and Crestside Drives.
7. General Discussion and Other Business
Isabelle provided copies of a newspaper article from the ~
Colinas Business News that the City of Irving is offering a 30
percent tax abatement to qualifying companies relocating
within Irving. In order to qualify a company has to have been
in the city of Irving at least 10 years and must maintain the
same number of full-time employees. The company also must be
constructing a new facility or leasing a newly constructed
building in its entirety. Isabelle also provided copies of an
updated community profile for the City of Coppell. With no
further business to discuss it was moved by Bill Herries and
seconded by Karen Hunt that the meeting adjourn. By unanimous
vote, the meeting was adjourned at 8:20 p.m.
Respectfully submitted,
5",,"",,~<;lO~
Scarlett Hovland
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COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
September 2, 1998
MINUTES
The Coppell Economic Development Partnership met at 7: 00 p.m. on
Wednesday, September 2, 1998 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, Karen Hunt, Pamela Kurtzman, Isabelle Moro, Pat
Murphy, Gary Sieb, Kathryn Stephenson, City Manager Jim Witt, and
Councilmembers Doug Stover, and Larry Wheeler.
1. Call to Order
Vice Chairman Pat Murphy called the meeting to order at 7:04
p.m.
2. Approval of Minutes
It was moved by Bill Herries and seconded by Karen Hunt that
the minutes of June 10, 1998 be approved as recorded. The
motion passed by a vote of 4-0-1. Tim Brancheau abstained
from the vote. An abstained vote counts as a yes vote.
3. Request by Pacific Realty Associates, L.P. for Tax Abatement
Gary Sieb introduced Mr. Marc Myers, President of Myers & Crow
Company. Myers & Crow Company, Ltd. is a real estate
development and investment firm focusing on industrial and
office building development in North Texas. They have two
289,500 sq. ft. office warehouse facilities located in the
Park West Business Center Industrial Park, with major tenants
like Meiko America Inc. and Malt-O-Meal Inc. Mr. Myers gave an
overview of the proposed development. Pacific Realty is asking
for a tax abatement for 2 separate office/warehouse facilities
totaling 245,200 sq. ft. located at the northeast and
northwest corners of Wrangler and Enterprise Drives in the
Park West Commerce Center. The 2 separate buildings will
offer warehouse/distribution and office type facilities during
Phase I of the development. Another 2 warehouse/distribution
and office type facilities are planned for Phase II, totaling
jointly over 260,000 sq. ft. Mr. Myers expressed the need for
smaller buildings for smaller tenants which is what this
development will offer. The new buildings will house
approximately 225 employees. The average lease will be for 5
years. Two potential tenants are interested in leasing space.
The extension of Wrangler Road has helped to make the building
more accessible to tenants. Phase I of this development is to
be complete by Jan. 1, 1999 with tenants beginning lease on
Feb. 1, 1999. Phase II of the development will not begin
until 70% of buildings 1 and 2 are leased.
Jim Witt asked Mr. Myers to address the triple freeport tax
\
.
issue. Mr. Myers spoke with regards to the importance of the
tax issue. He stated that the surrounding areas to Coppell
were offering the triple freeport tax and that plays an
important part in the relocation of the larger distribution
facilities. Typically, cities who offer the tax experience a
30% to 40% faster growth in their industrial sector. Chad
Beach provided a summary of the results of the econometric
model for Pacific Realty Associates tax abatement application.
Discussion followed. It was moved by Bill Herries and
seconded by Tim Brancheau that the 75% abatement request be
granted to Pacific Realty Associates. The motion passed
unanimously.
4. Request by Industrial Developments International for Tax
Abatement
Gary Sieb introduced Mr. John Leinbaugh, representative for
IDI. Mr. Leinbaugh gave an overview of Industrial
Developments International and provided an information packet
of the D/FW Trade Center. The tax abatement being asked for
is a 500,000 sq. ft. office/wa~ehouse facility located along
the south side of Patriot Drive in the D/FW Trade Center
Industrial Park. D/FW Trade Center is a 180 acre development
that includes approximately 63 acres in the City of Coppell.
Building F will be the third facility to be developed in the
City of Coppell of which the tax abatement is being requested.
The building offers flexibility for distribution and office.
Estimated number of employees is over 235, with the average
salary approximately at $32,000. The average lease will be
for 5 years. Expected move-in is January 15, 1999. Chad
Beach provided a summary of the results of the econometric
model for IDI's application for tax abatement. Discussion
followed. It was moved by Tim Brancheau and seconded by
Pamela Kurtzman that the 75% tax abatement request be granted
to IDI. The motion passed unanimously.
5. update on the Impact of a Freeport Exemption on CISD
Jim witt provided copies of the anonymous letter that was
circulated throughout the Coppell community concerning the
Freeport Tax Exemption. The letter stated that developers are
trying to compromise our schools by getting the school board
to agree to the Triple Freeport Tax Exemption. Moak, Casey &
Associates, LLP are in the process of conducting a study on
the actual impact the triple freeport tax would have on CISD.
The study should be completed by the end of September. The
study will be presented to the Partnership and to the CISD
School Board upon completion. Discussion followed. Some of
the concerns that were presented was the impact of surrounding
areas offering the tax and the competition that brings for
Coppell in bringing future developers here and also retaining
business. Another concern is how the tax would effect the
Robin Hood Plan for the CISD and how the revenue structure
would be effected for them. It was moved by Pat Murphy and
seconded by Pamela Kurtzman that the city of Coppell pay for
the expense of the study being conducted by Moak, Casey &
Associates.
..
6. Review on Current & Potential Commercial/Industrial
Developments
Gary Sieb reported to the Partnership that GTE is in the
process of asking for a zoning change. Their project will
entail a 2 phase development. Phase I will consist of the
development of 2 buildings. Phase II will be developed in the
future. The 2 buildings will house approximately 2000
employees. A portion of the buildings are scheduled to be
occupied in June 1999. Gary also reported that the
Presbyterian Hospital will begin construction in late
November. Vari-Lite, Inc. has their property located at the
northwest corner of S. Beltline & Lakeshore Drive for sale.
Jim Witt reported that D/FW has approached him with an
interest in developing the property at the corner of Sandy
Lake Rd. and Royal Lane.
7. General Discussion and Other Business
Isabelle Moro reported that she had updated the community
profile and fast facts. With no further business to discuss
it was moved by Pat Murphy and seconded by Kathryn Stephenson
that the meeting adjourn. By unanimous vote, the meeting was
adjourned at 8:30 p.m.
Respectfully submitted,
Scarlett Hovland
"
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
October 7, 1998
MINUTES
The Coppell Economic Development Partnership met at 7: 00 p.m. on
Wednesday, October 7, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Tim Brancheau, Scarlett
Hovland, Karen Hunt, Mary Ann Kellam, Pamela Kurtzman, Isabelle
Moro, Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, city Manager
Jim Witt, and Councilmembers Doug Stover, and Larry Wheeler.
1 . Call to Order
Chairman Bill Rohloff called the meeting to order at 7:05
p.m.
2. Approval of Minutes
It was moved by Tim Brancheau and seconded by Karen Hunt that
the minutes of September 2, 1998 be approved as recorded. The
motion passed unanimously.
3. Introduction of New Partnership Member
Gary Sieb introduced new member Mr. Gary Roden to the
Partnership. Gary circulated a list of the members for
address and phone number changes. An updated list will be
available at the next Partnership meeting.
4. Election of Chairman and Vice Chairman
Any member is available to fill the place of Chairman and Vice
Chairman. Bill Rohloff volunteered to continue as Chairman.
It was moved by Pamela Kurtzman and seconded by Karen Hunt
that Bill Rohloff be nominated for Chairman. The motion
passed unanimously. Pat Murphy also volunteered to continue as
Vice Chairman. It was moved by Mary Ann Kellam and seconded
by Tim Brancheau that Pat Murphy be nominated for Vice
Chairman. The motion passed unanimously.
5. Overview of City Marketing Material and Financial Incentives
Isabelle Moro presented the City marketing packet for the
Partnership to review. Isabelle explained what tax abatement
incentives are offered in Coppell. Discussion followed
concerning an update of the Coppell Video with the completion
of Grapevine Mills. Gary Sieb will contact GTE on updating
the video.
.....
6. Request by GTE for Tax Abatement
Isabelle Moro introduced Mr. Gilbert Berger and Mike Webster
of Beck Realty Group representing GTE Realty Corporation. GTE
is asking for tax abatement for two 5-story office facilities
totaling 500,000 S.F. located at the northeast corner of
Corporate Park Blvd. and S.H. 121. The facility will house
the shared services support for the back office functions of
GTE. Each building will accommodate about 1000 employees.
There is ample parking available for the office employees. GTE
is scheduled to break ground on October 22, 1998. The
project's estimated completion date is mid July 1999.
Discussion followed over concern of the GTE recent merger with
Bell Atlantic and how it would impact this new facility. It
was explained that GTE employees are being pulled from area
offices to relocate here. There have also been requests for
use of the building from area GTE offices outgrowing their
space. The tax abatement would not be in effect until Jan. 1,
2001. Chad Beach provided a summary of the results of the
econometric model for GTE's application for tax abatement. It
was moved by Karen Hunt and seconded by Pamela Kurtzman that
the 5-year, 50% tax abatement request be granted to GTE. The
motion passed unanimously.
7. Request by IBM and Prentiss Properties for Tax Abatement
Isabelle Moro introduced Mr. Craig Anderson, Senior Program
Manager of IBM and Ms. Lynn Minnici with Prentiss Properties.
IBM and Prentiss Properties were asking for tax abatement for
a single-story office facility totaling 104,000 S.F. located
at the southwest corner of Beltline Road and Airline Drive in
the Park West Commerce Center Industrial Park. IBM has moved
into the office space, which is their call center. IBM
employs up to 800 employees at this time and will in the near
future employ up to 1000 people. This facility will service
the entire country with its extended hours of operation 7 a.m.
to 7 p.m. IBM has a ten-year lease with Prentiss. If IBM
were to outgrow this office space, a new office building would
be developed rather than expanding its current facility. Chad
Beach provided a summary of the results of the econometric
model for IBM's application for tax abatement. Discussion
followed. The Partnership questioned the request for tax
abatement after occupancy of building. Chad Beach explained
that it was just a delayed request on the part of IBM and
Prentiss. They were still within the allowable time limit to
request a tax abatement. It was moved by Karen Hunt and
seconded by Mary Ann Kellam that the 5-year 75% tax abatement
request be granted to IBM and Prentiss Properties. The motion
passed by a 6 to 1 vote.
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8. Request by Prentiss Properties for Tax Abatement
Ms. Lynn Minnici and Mr. Davis Glass, representatives for
Prentiss Properties gave presentation on the Lakeview Center.
The Lakeview center consists of two single-story office
facilities totaling 208,564 square feet located at the
northwest corner of Beltline Road and Wrangler Drive in the
Park West Commerce Center Industrial Park. The buildings will
house high tech office type tenants. Miller Freeman, Inc.
will be the main tenant for building 1 with a signed 10-year
lease to commence 4/1/99. Building II has interested
prospects at this time. Building I will be constructed before
Building II is build. This facility will offer covered
parking. Chad Beach provided a summary of the results of the
econometric model for Lakeview Center, Building 1. Discussion
followed with the clarification that tax abatement was being
asked for Building I only at this time. It was moved by Karen
Hunt and seconded by Tim Brancheau that the 5-year, 75%
abatement request for building I be granted to Prentiss
Properties. The motion passed unanimously.
9.
Update on the Impact of a Freeport Exemption
Jim Witt reported to the Partnership that the study by Moak
Consulting on the impact of a freeport exemption on CISD had
not been completed yet. Jim anticipated a preliminary study
report by the end of the week. Jim shared that he had met
with Buddy Echols, CISD Superintendent on the freeport issues.
Four Seasons had voiced some concerns over the freeport issue,
however he had not succeeded in making contact with Four
Seasons. A special called meeting was recommended to review
the final report from Moak. The Partnership suggested
reviewing the report before meeting with Mr. Moak. Jim witt
provided copies of 1997 Property Tax Rate comparison with the
freeport exemption offered by surrounding cities.
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10. Resignation of Doug Shaw, CISD appointee to the Partnership
Gary Sieb shared with the Partnership, Doug Shaw's resignation
letter. Doug was the CISD appointee to the Partnership. Gary
Sieb was unaware if the CISD would call a special election or
would wait until January to appoint a new member. Bill
Rohloff suggested a letter be written to the School Board for
a new appointee because of the Moak study. Bill will draft
the letter and send it.
11. Review on Current & Potential Commercial/Industrial
Developnents
Isabelle Moro reported on 2 new projects in the Freeport North
Industrial Park and in the Gateway Business Park. Gary Sieb
shared that Presbyterian Medical Center is scheduled to begin
construction in November.
"
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12. General Discussion and Other Business
The partnership expressed they would like to receive advance
notice on Ground Breaking and Ribbon Cuttings. Scarlett
Hovland will continue to provide copies of the listing
provided through the Chamber. Wi th no further business to
discuss it was moved by Tim Brancheau and seconded by Pamela
Kurtzman that the meeting adjourn. By unanimous vote, the
meeting was adjourned at 8:55 p.m.
Respectfully submitted,
~~
Scarlett Hovland
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
November 4, 1998
MINUTES
The Coppell Economic Development Partnership met at 7: 00 p.m. on
Wednesday, November 4, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Tim Brancheau, Scarlett
Hovland, Karen Hunt, Robert Key, Pamela Kurtzman, Isabelle Moro,
Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, City Manager Jim
Witt, and Councilmembers Doug Stover, Larry Wheeler and newly
elected councilmember Jayne Peters.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at 7:05 p.m.
Ms. Jayne Peters; newly elected councilmember was introduced
to the Partnership.
2. Approval of Minutes
It was moved by Pamela Kurtzman and seconded by Pat Murphy
that the minutes of October 7, 1998 be approved as recorded.
The motion passed unanimously.
3. Presentation on the Impact of a Freeport Exemption on the
Coppell ISD
Jim Witt introduced Mr. Lynn Moak representing Moak, Casey &
Associates, LLP. Mr. Moak reviewed with the partnership the
study that his firm prepared on the impact of a freeport
exemption on the Coppell ISD. Mr. Moak provided copies of the
report and a Texas School Finance revenue chart. The study
suggests that CISD will face a potential freeport level of
$120 million. At current tax rates, total tax relief of
approximately $1.9 million will occur at the school district
level. Of this amount, $.2 million will be for debt service
payments and will have to be replaced by CISD. The remaining
$1.7 million represents a potential reduction in general
revenue funds of CISD. This amount will be offset by reduced
requirements for payments to the state of $.3 million for the
first year of adoption and $1.7 million for the subsequent
year. Mr. Moak reported that over the past year, five
suburban districts have adopted the exemption including Plano,
Frisco, Fort Bend, and Lamar Consolidated ISDs. There are
also several other school districts considering a freeport
exemption, which includes Garland, Richardson, Mesquite, and
Sherman ISDs. This is cause for concern as the surrounding
areas begin to offer the tax exemption, the impact it may have
on Coppell' s ability to attract future developments and also
retaining its current corporate base and the competition that
brings for Coppell in bringing future developers here and also
retaining business. Typically, cities that offer the tax
exemption experience a 30% to 40% faster growth in their
industrial sector. The economic impact of the freeport
exemption is limited to specific commercial or industrial
users with high levels of inventory destined for out-of-state
sale. For these companies, the impact can be very
significant. The projected impact of a freeport exemption on
Coppell ISD is the result of six factors. These factors
include the future growth of Coppell lSD, the operation of the
current Texas public school finance system, the level of local
taxes for operating purposes, the level of debt service
requirements, the economic impact of the freeport exemption,
and potential modification to the Texas public school finance
system. Discussion followed after the presentation. The
Partnership felt it important to proceed with discussion of
study with the school district. The Partnership would like to
use an in-house example to present with the triple freeport
tax exemption presentation to the school board. Bill Rohloff
will draft a letter to the school board for consideration of a
joint work session including Mr. Moak, and the Partnership to
be scheduled. It was moved by Tim Brancheau and seconded by
Gary Roden to call a special meeting of the Partnership on
November 18, 1998 to further discuss the triple freeport
study. The motion passed unanimously.
4. Review of Current & Potential Commercial/Industrial
Developments
Isabelle Moro informed the Partnership of several new
developments. IDI in the D/FW Trade Center Industrial Park
are ready to construct Buildings G & H. These buildings will
be situated such that part of the building is in Grapevine and
part in Coppell. Freeport North Addition located at the
northwest corner of Creekview Drive and Royal Lane, which will
consist of four separate office/warehouse facilities, is under
review. The Lakeview center consisting of two single-story
office facilities located at the northwest corner of Beltline
Road and Wrangler Drive is under construction with Phase I.
Miller Freeman, Inc. will be the main tenant for Building I.
Pacific Realty has begun construction on the office/warehouse
facilities located at the northeast and northwest corners of
Wrangler and Enterprise Drive. G & K Services, a laundry
facility has begun construction on an 80,000 s.f. building on
Airline Drive. Lucent Technologies has begun construction on
their office facility located along the West Side of Freeport
Parkway; east of Interstate 635 in the Gateway Business Park.
5. General Discussion and Other Business
Gary Sieb introduced Mr. Robert Key to the Partnership who is
replacing Doug Shaw as the CISD representative. Gary will
update the list of members for the Partnership. Jim Witt shared
the letter from Four Seasons concerning Coppell offering the
triple freeport exemption. Mr. Gordon Foster was present at
the meeting as their representative. The Four Seasons lease
will be up in January. The triple free-port exemption is of
great importance in deciding whether they stay in Coppell or
re-locate to benefit from the tax advantage. Bill Rohloff
expressed his appreciation of being invited to Primera's open
house. Some of the City Staff did attend the event, which was
very nice. Gary Sieb said that GTE would update the Coppell
video with Grapevine Mills for a minimal cost. GTE will be
offering a $1000.00 grant to the Partnership in the near
future. With no further business to discuss it was moved by
Tim Brancheau and seconded by Karen Hunt that the meeting
adjourn. By unanimous vote, the meeting was adjourned at 9:00
p.m.
Respectfully submitted,
Scarlett Hovland
. \,
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
November 18, 1998
MINUTES
The Coppell Economic Development Partnership met at 6: 30 p.m. on
Wednesday, November 18, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Tim Brancheau, Scarlett
Hovland, Bill Herries, Pamela Kurtzman, Isabelle Moro, Pat Murphy,
Gary Roden, Bill Rohloff, Gary Sieb, Councilmembers Doug Stover,
Larry Wheeler, and Jayne Peters. Guests included Susan Richman and
John Gethin of FourSeasons.
1. Call to Order
Vice-Chairman Pat Murphy called the meeting to order at 6:35
p.m.
2 . Approval of Minutes
It was moved by Tim Brancheau and seconded by Pamela Kurtzman
that the minutes of November 4, 1998 be approved as recorded.
The motion passed unanimously.
3. Review of study by Moak, Casey & Associate, LLP on the impact
of a Freeport Tax Exemption on the Coppell ISD.
Bill Rohloff introduced Mr. Lynn Moak representing Moak, Casey
& Associates, LLP. Mr. Moak reviewed with the partnership the
study that his firm prepared on the impact of a Freeport
Exemption on the Coppell ISD. Mr. Moak stated that he has not
received a response from the CISD with regards to his study.
He shared that the Carrollton-Farmers Branch School District
has retained him for a similar Freeport Exemption study. Mr.
Moak informed the Partnership that he expects no change to the
Texas Public School financial system during the next
legislative session. He understands that the Robin Hood plan
will continue as in place now. Discussion followed concerning
how the growth rate in Coppell would affect the school
district. Mr. Moak noted that according to growth projection
for CISD it would continue to grow at a rate of 7% to 8%. Mr.
Moak pointed out that the impact Freeport Exemption would have
for CISD would be a loss of revenue the first year of the
Freeport Tax Exemption. He continued with the fact that
Coppell is surrounded by cities already offering the Triple
Freeport Exemption. A concern with overall commuI:li ty growth
interest can be affected with Coppell not offering the
Freeport Exemption. Discussion continued concerning the impact
the exemption would have for the city and the school. Also
discussed were some of the oppositions concerning the Freeport
exemption. Bill Rohloff introduced Susan Richman and John
Gethin representing FourSeasons. They shared with the
Partnership their need for the Freeport Exemption. FourSeasons
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will be consolidating their facilities which is forcing them
to locate additional space in a centralized location. The
company is looking at Coppell, Grapevine, and Lewisville
areas. If FourSeasons were to stay in Coppell with only Double
Freeport Exemption the company would loose a substantial
amount of revenue. They would like to stay in Coppell but
because of the financial impact for their company they are
forced to consider relocating to surrounding cities that offer
the Triple Freeport Tax Exemption. FourSeasons will have to
make a relocation decision in January. Bill Rohloff mentioned
he had not received a reply back from Mr. Echols, CISD School
Superintendent concerning the Freeport exemption. Susan
Richman with FourSeasons offered to be a part of the
discussions between the city and the CISD. Mr. Moak will be
available until a decision is made on the Freeport Exemption.
It was moved by Bill Herries that Bill Rohloff contact Mr.
Echols, CISD Superintendent to schedule a meeting in December
with himself, Director of Planning Gary Sieb, City Manager Jim
Witt and Susan Richman, Director of Finance and Operations for
FourSeasons. Mr. Rohloff would also establish permission for
Lynn Moak to meet with the CISD financial consultant. Pamela
Kurtzman made an addendum to the motion that it be noted the
urgency and short time line that FourSeasons is under and to
bring forth the positive impact that FourSeasons growth would
have for Coppell. The motion was seconded by Tim Brancheau and
passed unanimously.
4. General Discussion and Other Business
Gary Sieb shared with the Partnership that some of the
developments in Coppell have offered to subsidize the CISD's
first year's revenue loss affected by the Freeport Exemption.
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 8:25
p.m.
Respectfully submitted,
~~
Scarlett Hovland