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BM 1988-11-16 EcDevMEETING MINUTES ECONOMIC AND BUSINESS DEVELOPMENT BOARD CITY OF COPPELL The Economic and Business Development Board of the City of Coppell met on Wednesday, November 16, 1988, at 7:30 p.m. in the Executive Conference Room of the Town Center. The following boardmembers were present: David Greer Don Hodges Regina Johnson Lee Richardson Angelo Vaccaro Guests: Tom Morton - City Council Liasion The purpose of the meeting is to consider the following items: Item No. 1: Meeting Called to Order Item No. 2: Approval of Minutes Item No. 3: Review and consideration of approval of Tax Abatement Policy for the City of Coppell Item No. 4: Discussion and consideration of approval of purchasing Coppell Gala advertisement Item No. 5: Chairman's Report Item No. 6: Consider recommendations from Economic Development Study performed by University of North Texas Item No. 1: Meeting Called to Order The meeting was called to order by Chairman Richardson at 7 :30 p.m. noting a quorum was present. Item No. 2: Approval of Minutes. The meeting minutes of the previous meeting held on October 5, 1988, were reviewed and approved unanimously by the Board. Item No. 3: Review and consideration of approval of Tax Abatement Policy for the City of Coppell Chairman Richardson emphasized to the Board members that the Tax Abatement Policy dated 10/31/88 which was sent to the Board by Frank Trando is a working document only and has not been approved Memorandum of Meeting Economic and Business Development Board City of Coppell Page Two by Staff. The document was compiled by putting together the best parts of all the policies from the various cities that were given to us. It should not be misconstrued as final. Staff is asking the Board to review, correct and make recommendations to the policy. Staff will also meet with the School District and the Municipal Utility District before finalization. Several of the Board members expressed concern that the Policy as written is confusing. It was decided that each member of the Board would reread the Tax Abatement Policy before the next regularly scheduled meeting. A motion was made by Angelo Vaccaro to table consideration and approval of the Tax Abatement Policy until the next Board Meeting, December 7, 1988. The motion was seconded by David Greer and the motion passed. Item No. 4: Discussion and consideration of approval of purchasing Coppell Gala advertisement Chairman Richardson presented a letter from Judy Terry to the City of Coppell requesting that the City sponsor this year's January 28th Gala by purchasing a $500 ad in the Gala program. He advised that the funds for this ad would come from the Economic Development budget. A motion was made by Angelo Vaccaro that the Board purchase the $500 ad in the 1988 Gala program. David Greer seconded the motion. After further discussion with several of the Board members indicating a concern as to the limited amount of funds available to the Board taking into consideration the amount of funds required to promote the City in a manner consistent with the recommendations of the University of North Texas Study, the motion was put to a vote. Angelo Vaccaro voted in favor of the motion, with David Greer, Don Hodges, Regina Johnson and Lee Richardson opposing. Item No. 5: Chairman's Report Chairman Richardson announced that GTE has accepted a site in Las Colinas at Royal Lane and Beltline. They will need approximately one million square feet of lease space and their office space is anticipated to be available just after the first of the year. GTE employees will be moving into the surrounding areas. Our problem is securing the funds to put together quickly a marketing package/ brochure to promote Coppell to the GTE employees. Several builders and developers have offered to help us in this endeavor and we need to get them involved along with the Utility Companies who have offered assistance. Memorandum of Meeting Economic and Business Development Board City of Coppell Page Three According to Chairman Richardson, two citizens of Coppell have volunteered their services to put together a,,marketing brochure on Coppell. Angelo Vaccaro and Lee Richardson will work with these volunteers. C. J. Webster and the Metrocrest Chamber of Commerce have also offered help by putting their resources together. It was suggested we create a task force to make contact with GTE's Connecticut offices to establish the protocall in contacting their employees who will be transferring to this area. Tom Morton suggested we invite GTE management to Coppell to show them what we have to offer. Paul Dishman's survey should also be available shortly. Regarding funding, Chairman Richardson advised that the City Council passed a resolution that the citizens of Coppell would have an opportunity to allocate funds to Economic Development on their City water bills each month. This should build up a fund for Economic Development. It was suggested that we establish an Economic Develop- ment Foundation that would set aside our funds so that we would have monies available as projects arise such as the GTE move to Las Colinas. Item No. 6: Consider recommendations from Economic Development Study performed by University of North Texas Recommendations from the University of North Texas Study were discussed and prioritized by the Board. Each member of the Board has been assigned to one or more of these recommendations in an effort to further promote the City of Coppell as listed below: Information Kiosk Don Hodges Guide to Coppell Lee Richardson /Angelo Vaccaro Slide /Video Presentation Lee Richardson /Angelo Vaccaro Special Coppell Event Regina Johnson /David Greer Outdoor Advertising Lee Richardson /Angelo Vaccaro Angelo Vaccaro moved for adjournment, seconded and the motion carried. END OF MEETING. Respectfully submitted: Regina L. Johnson Recording Secretary Economic and Development Board City of Coppell October 25, 1988 Lou Duggan, Mayor and Council Members City of Coppell Town Center Coppell, Tx. 75019 Dear Sirs: The 6th Annual Coppell Gala "Escape to Paradise" held January 28 at the Hyatt Regency, DFW, promises to sustain a tradition of great fun and great community spirit as always, just the thing to get old friends together and give newcomers an opportunity to savor the friendly ambiance they sought when they chose to live here. In years past, the Gala Committee has relied on the City to be a sponsor for the event, and we are asking you to once again purchase an ad in our Gala program the cost is $500.00. Once again we are able to keep our tickets at the affordable price of $35.00 per person. We look forward to you being there and appreciate the City Council's enthusiastic support every year. Sincerely, Judy Terry Gala Chairperson JT:dlb C COPPELL COMMUNITY GALA Sponsored By Coppell Business Association Meeting Time: Meeting Place: Economic and Business Development Board Notice of Meeting November 16, 1988 Item 5: Chairman's Report 7:30 p.m. (Open to the public) Town Center - City Council Chambers /Executive Conference Room 255 Parkway Boulevard Coppell, TX 75019 Notice is hereby given that the Economic and Business Development Board of the City of Coppell will meet in a special called session on Wednesday, November 16, 1988 in the City Council Chambers and /or the Executive Conference Room of the Town Center, 255 Parkway Boulevard, Coppell, TX. The purpose of the meeting is to consider the following items: Item 1: Call to Order Item 2: Approval of Minutes Item 3: Review and consideration of approval of Tax Abatement Policy for the City of Coppell Item 4: Discussion and consideration of approval of purchasing Coppell Gala advertisement Item 6: Consider recommendations from Economic Development Study performed by University of North Texas Item 7: Other Business Adjournment CERTIFICATE I certify that the above notice of meeting was posted on the bulletin board at the Town Center of the City of Coppell, TX on the 11th day of November, 1988 at 1:00 p.m. Debbie Cravey