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BM 1989-12-06 EcDevMINUTES of the ECONOMIC AND BUSINESS DEVELOPMENT BOARD December 6, 1989 Meeting The Economic and Business Development Board met in regular session on Wednesday, December 6, 1989, at 7:30 p.m. in the Showroom of the Amphitheater at Vista Ridge Mall, Lewisville, Texas, with the following board members present to wit: Lee Richardson, Chairman Richard Johnson Angelo Vaccaro David Greer STAFF: Alan Ratliff, City Manager Larry Jackson, City Attorney Gary Sieb, Director of Planning and Community Services GUESTS: Tom Tanner, Lomas & Nettleton Realty Charles Emery, Lomas & Nettleton Realty ITEM 1: Call to Order: The meeting was called to order by Chairman Richardson noting a quorum was present. ITEM 2: Approval of Minutes - November 8, 1989 Meeting: The minutes of the November 8, 1989, meeting were reviewed. Richard Johnson made a motion that the minutes be approved. Angelo Vaccaro seconded the motion and the minutes were approved. ITEM 5: Discussion of Industrial/Commercial Property Owners: Charles Emery and Tom Tanner, of Lomas & Nettleton, were introduced. Mr. Emery is Senior Vice -President of Lomas & Nettleton, and is chairman of the Economic Development Board of the Lewisville Chamber of Commerce. Mr. Tanner is Project Manager for the Vista Ridge project. Mr. Emery gave an overview of Lomas & Nettleton's marketing efforts on the national and international levels. He specifically discussed responses and experiences they had had with submitting proposals for U.S. Memories and Homart. The list of items which was considered in these proposals included incentives up to $750 million. Mr. Emery further related that team work within the community is essential and that the business community, developer, chamber of commerce and City must all pull together in presenting a proposal for such an industry. Mr. Emery revealed that in his capacity as Economic Development Board Chairman for the Lewisville Chamber of Commerce, they had developed an economic development plan for Lewisville and will focus attention on the small developing companies. Tom Tanner, project manager for the Vista Ridge Project, then reviewed the specific proposal which was made for U.S. Memories. Information provided in that proposal and submitted in response to a 16 -page questionnaire considered items such as: major water/sewer requirements; electrical requirements; transportation (but not including mass transportation such as DART); air quality requirements, incentive packages; industry - related support services; quality of life issues such as housing, schools, etc. (provided from MPF Research); area climate; water availability; cultural and recreational facilities; shopping; traffic congestion; labor rates (for manufacturing equipment operators, general and administrative personnel and technical personnel); utility rates; construction permits; and a list of all taxes applicable to the facility and services. Mr. Emery and Mr. Tanner told us Lomas & Nettleton has catered breakfast and lunch for commercial brokers, followed by a tour of the Vista Ridge Project, in order to further publicize and market the project. 2 In general discussion, Mr. Emery informed the Economic and Business Development Board that he had invited Dr. Stearman to the Lewisville Chamber of Commerce Board, to present the A&M Project. The Chamber board was receptive and supportive of the need for an educational facility of this type, but it was not sure if they would contribute money for the project. Mr. Emery was also asked his opinion of employing an economic development director. He responded that no funds were available within the Chamber budget this year, but they would attempt to fund that position in 1991. He estimated the salary cost at $75,000, with travel and other O&M costs in addition to this amount. ITEM 3: Discussion and consideration of the Tax Abatement Ordinance and the Proposed Revisions to that ordinance: Several suggested changes and revisions were made by Richard Johnson and approved by the board. On a motion by Angelo Vaccaro, seconded by Richard Johnson, the board approved recommending the revised Tax Abatement Ordinance and policy to the City Council provided that Larry Jackson will make the discussed changes and submit it to the board prior to submission to the City Council in January. The motion was approved 4-0. ITEM 4: Review of Major Projects: Information was distributed to the board, by the City Manager, concerning the Information Center. The board asked that a representative of IBM attend their next meeting to review this computer .enhanced information system. The board also asked that Dale Jackson be invited to attend and bring the plans of the Kiosk with him, so that they could discuss the construction of that facility. While discussing these items, a request was made to install a sign on Denton Tap Road indicating the direction of the Town Center. The Coppell brochure was discussed by Richard Johnson and he will re -work the wording, as needed, and get reprints for insertion in the shells. 3 Richard Johnson reported on the logo and provided a memorandum, which discussed the three options for developing a new logo. Mr. Johnson recommended that the North Texas State University students be utilized in developing a logo. This would be less costly than the other two methods and could be completed by March of 1990. The board authorized Richard Johnson to proceed in obtaining a cost estimate, from the North Texas State University students, for developing the proposed logo. The item will be placed on the January City Council agenda for consideration by the City Council after this quote is received. Richard Johnson reported that the video work is proceeding and a major requirement is to obtain a written script for the new video. Angelo Vaccaro made a motion to recommend to the City Council that $1200 be spent to hire the services of a script writer for production of the video. The motion was seconded by David Greer and passed 4-0. This item will be placed on the January City Council agenda. There being no further business the meeting was adjourned by the chairman, and the next regularly scheduled meeting of the Economic and Business Development Board will be Wednesday, January 3, 1989, at 7:30 p.m. at the Coppell Town Center. Respectfully submitted, Alan D. Ratliff, City Manager/Staff Liaison for the Economic and Business Development Board of the City of Coppell , Texas ADR:cw 4 NOTICE OF MEETING ECONOMIC & BUSINESS DEVELOPMENT BOARD Wednesday, December 6, 1989 Meeting Time: 7:30 P.M. (Open to the Public) Meeting Place: The Showroom of the Amphitheater at Vista Ridge in Lewisville, Texas Notice is hereby given that the Economic and Business Development Board and the Industrial Development Board will meet in regular session on Wednesday, December 6, 1989, in the Showroom of the Amphitheater at Vista Ridge, in Lewisville, Texas. The purpose of the meeting is to consider the following items: ellCiItem 1:, Item 2: Call to Order Review and Approval of Minutes - November 8, 1989 J` Item 3: a) Discussion, consideration of an amendment to the tax .f y R abatement ordinance � b) Consideration of recommending adoption of the amendment to the tax abatement ordinance by the City Council Item 4: Review and Discussion of Major Projects: a) Review of drawings of the Information Center from Don Hodges, and discussion of its construction b) Discussion of Coppell brochure: Inventory c) Discussion of plan of action for obtaining a new City logo Item 5: Discussion with industrial and commercial property owners regarding assistance needed to secure development projects: a) Tom Tanner of Lomas -Nettleton Realtors b) Charles Emery of Lomas -Nettleton Realtors Item 6: Discussion of the Business USA Conference Item 7: Adjournment �« ruts i r Chairman CERTIFICATE I certify that the above notice of meeting was posted on the bulletin board at the Town Center of the City of Coppell, Texas on the Friday, December 1, 1989 at 4:10 p.m. irrie Walker, Executive Secretary ty Manager's Office