Loading...
BM 1991-10-09 EcDevMinutes of the Economic and Business Development Board October 9, 1991 The Economic and Business Development Board met in regular session on Wednesday, October 9, 1991, at 7 p.m., in the Executive Conference Room of Coppell Town Center. The following Board members were present: Richard Johnson, Chairman Barbara Austin James Dippold Jim Garrison Special Board members present were: Vicki Hart, Coppell Chamber of Commerce City Council Liaison: Guests: Tom Morton Lee Richardson Karen Richardson Nicholas Richardson Bill Smothermon, City Councilman Penny Solomon, Coppell Chamber of Commerce Item 1: Call to Order: The meeting was called to order by Richard Johnson, noting a quorum was present. Item 2: Review and Approval of Minutes: The minutes of the September 4, 1991, meeting were reviewed. No changes in the minutes were made, so Vicki Hart made a motion to approve the minutes, and Jim Garrison seconded the motion. The motion carried and the minutes were approved. Item 3: Swearing In of New Alternate - J. Singleton: Richard Johnson administered the Oath of Office to Jerry Singleton, a new alternate member appointed by City Council to the Board. Item 4: Election of Officers: Due to several members being new to the Board, it was felt they might be uncomfortable with making a decision on who should serve as Chairman, Vice Chairman, and Secretary. Vicki Hart made a motion that the election of officers be tabled to the November meeting. Jim Dippold seconded the motion, and it was approved. Minutes of the Economic and Business Development Board October 9, 1991 Page Two Item 5: Awards Presentation: Alan Ratliff presented an award to Richard Johnson for his involvement with the production of the Coppell video. Mention was also made that a news article regarding the video had been printed in the Dallas Times Herald. The Board was then advised that an award was to be presented to Lee Richardson in appreciation for his service on the Board for the last several years. Board members were honored to have Mr. Richardson's wife and son in attendance for the presentation. Item 6: Presentation by Councilman Bill Smothermon: a) Tax Abatement Policy - Bill Smothermon made a presentation to the Board suggesting that the City's policy on tax abatement be revised to provide a 25 percent tax abatement for five years to a company which adds $5 million to $10 million to the City's tax roll. In addition, he proposed the City grant a 50 percent tax abatement for five years if a company adds an enhanced tax value of more than $10 million to our tax roll. The Board was then encouraged to offer suggestions or changes in regard to the proposal. Barbara Austin made a motion to recommend to the City Council that the stated policy be adopted, Jim Dippold seconded the motion, and the motion was approved. b) One-half Cent Sales Tax - Bill Smothermon advised the Board that the City could propose up to a full one -cent sales tax rather than the one-half cent economic development sales tax previously discussed. This measure would be possible for Coppell because the City does not have or participate in a metropolitan transit authority. Mr. Smothermon indicated that less than one-half of this sales tax would be reserved for economic development purposes; the remainder would be allocated to parks, public buildings (like the library), and rebate of homeowners' property taxes. Mr. Smothermon said such a proposal would be more palatable to voters, and consequently, more likely to pass. Mr. Smothermon requested the Board consider and express an opinion on the impact the sales tax would have. Minutes of the October 9, 1991 Economic and Business Development Board Page Three Richard Johnson urged the Board not to lower the amount to be funded for economic development from the one-half cent amount. He cited that with the one-half cent allocation, only $260,000 would be available for economic development in the first year --an amount that would barely allow Coppell to compete with the efforts launched by our competitors (Carrollton, Farmers Branch, and Irving) who each devote several hundred thousand dollars annually. Mr. Johnson said he attended the City Council budget workshop when this sales tax topic came up, and he was concerned about the apparent greater level of interest in improving parks and public buildings over bringing in industry. c) Goods in Transit Policy/",_ Freeport ax" - Bill Smothermon also requested the Board consider the issue of "Freeport Tax" and make a recommendation to him. Tom Morton will check with TML to see what other cities have adopted. Item 7: Economic Development Role (Chamber vs. City): Discussion took place regarding the roles of the Board, the Coppell Chamber of Commerce, and the Industrial Development Task Force. Richard Johnson briefed the Board about the duplicity of efforts he had observed in respect to external economic development efforts. He said that he had urged the Chamber to focus on internal economic development issues because they were best able to work in the area of business retention and expansion. Mr. Johnson said several businesses needed the support and attention of a business retention program. He also pointed out that several issues which he felt were under the purview of the Economic and Business Development Board had been discussed and researched through committees of the Industrial Development Task Force and now were being presented as recommendations to the Board --specifically the one-half cent sales tax and the tax abatement policy. He reminded the Board that they were the original authors of the existing tax abatement policy. He said the Industrial Development Task Force has been promoted as a Chamber group, and that Bill Stearman had been designated as chairman by the Chamber, a position that should have been voted on by the task force if the group was to be autonomous. Vicki Hart made a motion to table further discussion of the roles until a joint committee had met to review the issue. Barbara Austin seconded the motion, and the motion was approved. Minutes of the Economic and Business Development Board October 9, 1991 Page Four Item 8: Texas Chamber of Commerce Membership: After discussion, it was decided that the Coppell Chamber of Commerce is a member of the Texas Chamber, and the Board will continue to work with the Coppell Chamber rather than joining the Texas Chamber. Item 9: Final 1991-92 Budget a) Discussion and Review of Process for Dispersal of Funds - Tabled to November meeting. b) Chamber Funding Policy - Tabled to November meeting. c) Approval of Expenditure - Plaque - Jim Garrison moved to approve the expenditure of $45.46 for the plaque presented to Lee Richardson. Jim Dippold seconded the motion, and it was approved. Item 10: Review of Bids - Media Relations Proposal: The bids for media relations were reviewed. Richard Johnson, Jim Dippold, and Jim Garrison will review each of the bids and make a recommendation at the next meeting. The bid will be awarded at that time. Item 11: Review and Discussion of Projects: a) Review of Financial Report - Donations in the budget were estimated to be $18,000 this fiscal year, which included a carryover of $12,000. Based on information presented to the Board, the carryover was actually $6,579.07. This means the budget for fiscal year 91-92 shall actually be composed of $30,000 allocated from the General Fund, $6,580 carried over from last year, and $6,000 in newly donated funds ( estimated $500 per month donated with water bills), for a total of $42,580. b) New Coppell Brochures - Jim Garrison will contact Gary Sieb, Director of Planning and Community Services, for statistical information to be included in the brochures. Item 12: Reports from Liaisons and Special Board Members: a) City Council - No report. b) Copped Chamber of Commerce - Vicki Hart reminded the Board of the "Shop Coppell First" promotion beginning in October, and also stated that plans were being made for the 1992 Coppell Gala to be held in February. Minutes of the Economic and Business Development Board October 9, 1991 Page Five c) Coppell Independent School District - No report. d) Industrial Development Task Force - No report. Item 13: Other Business: Alan Ratliff indicated he had been contacted by Pauline Stein of the Greater Dallas Chamber of Commerce regarding the placement of an ad in the Greater Dallas Office Real Estate publication. The Coppell Chamber of Commerce had indicated they did not have the money to place such an ad, but thought the Board might be interested in doing so. After some discussion during which Ed Spalding inquired as to an outside source for funding, Barbara Austin made a motion not to place an ad. Jim Dippold seconded the motion and the motion carried. Ed Spalding and Jim Garrison agreed to be on a subcommittee to research the one-half cent sales tax issue. There being no other business, Vicki Hart moved for adjournment. Jim Garrison seconded the motion, and the meeting was adjourned. Respectfully submitted, Ji arr' on tin ecording Secretary Economic and Business Development Board City of Coppell JG/slt edbmin.109 � T IC ASD � �� � i1i1 t S A 0 � � � i FERED ..Jchn - ��121 ��1 s � Co I�..) � t7 � o^C ► a • �� 1b�,1 6 N F1C S �L �j MCV TIOKj MAb ' 'BY V t C k -o" \ HATS �By jM �\VPOCD FC^RD WAL 4�-,v t S er�) OF l� ,)cR t,--\ <, o �t TC)R WS t►-.iVOUVFO' --tQ7 v\A c \-� `- lAE-. CAOPPE LC_ Vl�o ALSO 'f BILL tA' �,( IU'� t�~� �` e�i C £4,J i iME- SOWD WAS MAA` A 1(1/1 C-' 1©f`v -M VAS BILL —QAE c S �U E C+ 714E 'PPE E1--nR-� KAK.F - 7Z Y 1.6'x - F (U- SMo t HFA MAK� '-q H F-- iB.. OA T'� P t -'t --THF- C r 1y C o U �.`� AP`�I'� CO. V� E UIP iM A lFU L C- CC - t, t l p.X ABoU� "1 c_� �C c� P..� 1 KJG IS THAT T -AE- CA TY tiPA`T� p.� SAS DISCUS:SFAS A VoSStEIC1TY tA>,(, 7kAK i N aCJhJ `D 1 2 4� 1ROCE t� � f -* VIc<( MAS 07 ROL Es /-T N) T toK3 M ADE A . _.._. .......___.._._....... 2 YtAOTlO(v �6 -TABLE. I OKJ A NJT) = 1tNIJ u E S t C u S o t7 E C�f2��Ebt 1 6(ARRl s6 (-lJ CIOK i -V1 P KED m c�T 1 ow -M ^� `I�i OBJ' F- BQD(U7 WAS RE VI�Ul9F� �P R'P`�2t�v�� Bi*�-,>S WL='RF- REVIEWED Fd;�, MED ►q RE�ATIC7�Sr JOS r.0SCQ J\W VI IPbLt> AK1`D J i N'lS" UAJ :i�47c� <0 F- --rH f-:- R I NQD C�q'2Rt SOS MAK:F A TREc0rnMDJDA`T7ory P�- T '-A40P C tPPE L L P RscT 'Plz Ao A.Kj D -AL-so `t1 S E�A\L A -� OTFt�i2 �Si �.1�SS 1--�LLkS OFp1 CE -REAL p 1 r4T'.E �C.3 �3L1 GA'T�i � N EARE>>Al k AV - � K l M iNDE A tAO7-14 W0--1 c ` � A D i t 1 m i l ot•s . pj)D N N NQ U i IR E. i� AS f -b SPAUD I N (:R A 1ITD �-) i fA C 1 121 l� -M 6KJ A -SQS CnAAjV\ CTTfF `M Re%ARC 1 H E %2 c -ALPS -V-A,,<- 1 SS U'E N C) AVD t � ICS NJ A L P-4JS t Q.FS S •- V IC,IC ( HAJZ1 M OT 1 C)N ED (--6 P 0 Q R�,J M EQ T / -� W, , 1 -z.? .�✓�li�''�"a-�b(�. ) ,/� �' • '_ / C�" � (� �� V , ,�y'�'� i/ ; ,� cam- �'t.. L.� i., O � {'rr A p i % 5� % l � G��' � NOTICE OF MEETING ECONOMIC & BUSINESS DEVELOPMENT BOARD Wednesday, October 9, 1991 iteetin Time: 7 p.m. (Open to the Public) Meeting Place: Executive Conference Room at the Coppell Town Center, 255 Parkway Boulevard, Coppell, Texas Notice is hereby given that the Economic and Business Development. Board will meet in regular session on Wednesday, October 9, 1991, at 7 p.m., in the Executive Conference Room at the Coppell Town Center, 255 Parkway Boulevard, Coppell, Texas. The purpose of the meeting is to consider the following items: Item 1: Call to Order Item 2: Review and Approval of Minutes - 9/4/91 Item 3: Swearing In of New Alternate - J. Singleton Item 4: Election of Officers Item 5: Awards Presentation Item 6: Presentation by Councilman Bill Smothermon: a) Tax Abatement Policy b) One-half Cent Sales Tax Item 7: Economic Development Role (Chamber vs. City) Item 8: Texas Chamber of Commerce Membership Item 9: Final 1991-92 Budget a) Discussion and Review of Process for Dispersal of Funds b) Chamber Funding Policy c) Approval of Expenditure - Plaque Item 11: Review of Bids - Media Relations Proposal Item 12: Review and Discussion of'Projects: a) Review of Financial Report b) New Coppell Brochures Item 13: Reports from Liaisons and Special Board Members: a) City Council b) Coppell Chamber of Commerce c) Coppell Independent School District d) Industrial Development Task Force Item 14: Other Business Adjournment Richard Johnsonv 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 Friday, October 4, 1991, at IA P.M. Alan D. Ratliff, dity Ma ger � P/5 - 7 _OL P -6e-,Z- (!5;p e E F ,n A r CC .... ......... IL �, C7 f r,� 04�