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BM 1988-02-10 EcDevMEETING MINUTES ECONOMIC AND BUSINESS DEVELOPMENT BOARD CITY OF COPPELL February 23, 1988 The Economic and Development Board of the City of Coppell met on Wednesday February 10, 1988, at 7:30 pm in the Council Chambers of the Coppell Town Center. The following boardmembers were present: David Greer Don Hodges Lee Richardson Angelo Vaccaro Absent: Regina Johnson Guests: Lou Duggan - Mayor of Coppell Tom Morton - Coppell City Council Liaison The purpose of the meeting is to consider the following items: Item No. 1: Call to Order Item No. 2: Approval of Minutes Item No. 3: Mayor's Report Item No. 4: Chairman's Report Item No. 5: Committee Reports Item No. 6: Consideration of Advertisement in the Coppell Gazette Item No. 1: Call to Order. Chairman Richardson noted that a quorum was present. Item No. 2: Approval of Meeting Minutes. David Greer moved for approval of minutes as submitted. Seconded by Don C. Hodges. All members voted for the motion. Item No. 3: Mayor's Report. Mayor Duggan reported that he was excited to see that the Economic Development Board was moving in a positive direction. In the past the board had lacked direction. He also invited the board to attend a press conference on Friday afternoon when he plans to announce the beginning of a program which will help us develop a plan that is strategic and executable. He mentioned that we have access to utilitize the updated video program that perpetuates our attitude, past history, and growth. Memorandum of Meeting Economic and Business Development Board City of Coppell February 23, 1988 Page Two Mayor Duggan presented that the council was going to provide us clear cut direction to make recommendations to the council. This will allow us to pursue opportunities for development and growth. In a very objective fashion, Mayor Duggan is eager to see our strategic plan so we may budget for the program which will allow us to start the pursuit. Mayor Duggan cautioned the board on discussing means of funding that we do not develop false impression about the availability of funds from the state and federal government. "Frankly" he stated, "the monies are not there." The monies are not available. However, there are untapped sources that we should research and pursue what is available. Be careful of such funds that may have strings attached. It could be detrimental to Coppell, for example, subsidized housing could be forced upon us. Some of the issues we will see in the future. One is to develop a clear actual, executable, strategic plan that will be approved by council. If we develop this plan in 1988, the E.D.C. will have done the City of Coppell a greater service than we can ever imagine. Please be aware of the Open Meetings Law and seek any advice we need on this law from the city attorney. Be very careful in this area. In 1988 we will see resolution of the annexation problems by the city council. When this happens we will see a tremendous opportunity of how the land will develop. A question and answer period was then in order witih questions regarding direction of economic development, transportation, and municipal utilities districts. The mayor pointed out that highway improvements in 1988 will be in the east -west direction. Chairman Richardson commented on the meeting conducted with the property owners on the west side concerning the creation of the R.U.D. and M.U.D. which would provide an industrial park atmosphere. This alone would improve property values and offer a developed area for businesses to locate. Mayor Duggan praised the board on its methodical approach to planning and felt that council would endorse our stragtegies to promote economic development. Memorandum of Meeting Economic and Business City of Coppell February 23, 1988 Page Three Development Board Item No. 4: Chairman's Report. Chairman Richardson reported that this past week that we were informed by the Metro Chamber of Commerce that they had several businesses interested in locating in the Metrocrest area. Metro Chamber requested that we, the Economic Development Board, be present at the briefing. Boardmember Vaccaro attended in Chairman Richardson's place. Chairman Richardson requested that Boardmember Vaccaro report on the briefing to the board. Boardmember Vaccaro's report is the following: The meeting was called by the Chamber Director C.J. Webster on Monday, February 08, 1988. The Director of Development from Carrollton, Assistant Director of Development from Addison along with representatives from T.U. Electric, Lone Star Gas, and GTE attended the briefing. C.J. Webster's reason for the meeting was to discuss the proper way for distributing the information request from the prospects. It was agreed by all that the briefing was the appropriate action by the chamber. They reviewed four different request from prospects which were: 1. John Deer Co. Looking specifically at Addison and Carrollton area. 2. Truck Leasing Co. C.J. Webster was sending information on the different cities. 3. Real Estate Broker. Representing a clothing manufacturer 70,000 sf facility which they were concerned about transportation, political climate, co-op electrical service, and GTE phone system. 4. Semiconductor Manufacturing Facility. Needing 23,000 to 65,000 sf presented by New Business Consultant Ed Atchley. Major concerns were being located too close to the airport, ground vibration, continuous water with hiring requirements up to 150 employees in year five. A second meeting was held concerning this prospect and it included everyone from the previous meeting plus Farmers -Branch. The principals along with Ed Atchley attended this two hour long session. Discussed all needs and requirements. Boardmember Vaccaro reported that the Director of Development was totally prepared with an impressive presentation. Boardmember Vaccaro delivered a copy of their information package to the board. He also reported that the prospect was looking for a build to suit situation. It would house a first generation product in the U.S. The principals combined experience is about fifty years. City of Carrollton presented programs such as I.D.B., target jobs, and tax abatements. Basically it was a question and answer program. Bill Thompson, George Connell, and James Brown all were identified by Boardmember Vaccaro as landowners capable of providing land and structures. Memorandum of Meeting Economic and Business Development Board City of Coppell February 23, 1988 Page Four Vaccaro then would contact these individuals about the prospect and allow them to contact them. Next he was to schedule a meeting with the principals with Tom Morton to discuss the different programs available with the city and state. They are looking for a seven month completion time. Employee base that is needed are basically technicians and an area such as ours is desirable. Further discussion on how this deal could be made and some research on what possibly might be available. Boardmember Vaccaro is to contact the local developers and set up meetings with Tom Morton and the principals. Chairman Richardson pointed out that C.J. Webster is making sure of an effort to include Coppell in the information of prospects. Next Tuesday, February 16, 1988 is a work session for the City Council on Economic Development and is open to the Boardmembers. Item No. 5: Committee Reports Each committee gave an informal report on their progress. First was David Greer on the bylaws. He explained that these bylaws were a compilation of bylaws from the different boards. It is condensed being somewhat complete. He explained all the articles. Some discussion was had by the team members and it was decided that would be discussed further at the council workshop. However it may be recommended that we amend the ordinance related to the team member concept. This item was tabled to the next meeting at which time it will be recommended to council that the bylaws be put into force. Boardmember Greer reported on his committee, determining incentives, and that they were assembling this information. Boardmember Hodges reported on his committee, determining prospects. He explained that the committee had conducted their first meeting with each member being assigned a different portion to prepare. Scheduled to meet next week after the press conference by Lou Duggan and the workshop. Chairman Richardson asked if Jay Kobrin was checking into information regarding the bulk mail facility in Atlanta. Hodges responded yes. Boardmember Vaccaro reported on defining strengths. They are preparing a survey letter to help confirm information on what things are available, land and lease space. He reported that he attended the DART meeting on what was in store for the Coppell area. Chairman Richardson suggested that Boardmember Vaccaro contact Bill Thompson on land owners in the west side area. Memorandum of Meeting Economic and Business Development Board City of Coppell February 23, 1988 Page Five Boardmember Johnson was not present so Chairman Richardson reported on her committee's progress and what they were compiling and who whey have contacted such as the utility companies who have offered to help our board. Lone Star Gas has an Economic Development department which has an economic profile dated 1988. They also have people who will help train us in planning economic development. Boardmember Johnson's group will be meeting on February 23, 1988, to finalize their report. Chairman Richardson said that by our next meeting we may not be completely through with our goal but should fairly close to being finished. Item No. 6: Consideration of Advertisement in the Coppell Gazette. Lee Richardson presented a sample of an advertisement that was used last year in the Gazette and pointed out that in the previous meeting the board had approved for recommending that the city purchase a similar ad in the Metrocrest News which was approved by the City Council. The advertisement would be run in the Progress addition of the Gazette. Cost would be $630 for a full page plus $25 for each additional color used. Chairman Richardson called for the board's discussion on the purchase. Boardmember Greer asked how many copies would be distributed. Chairman Richardson responded that it would be mailed to every household in Coppell and would provide additional copies to the city and Chamber of Commerce. Greer asked what would be the cost of a half page ad. Richardson assumed that the cost would be approximately half of the full page cost. Greer then asked if the insert would be distributed to all of the Metrocrest. It was reported that it would only be distributed in Coppell. He then asked if any businesses outside Coppell would be allowed to purchase ads in the insert. Chairman Richardson it would be strictly for Coppell business and it is designed as an economic update report to the citizens. Bordmember Vaccaro moved that we purchase a full page advertisement in the Progress section of the Coppell Gazette to be produced in full color. Seconded by David Greer. The motion carried unanimously. Motion made by Boardmember Greer to adjourn. Seconded by Don C. Hodges and the motion carried. END OF MEETING. Respectf y Sub t Don C. Hodges Recording Secretary Economic and Development Board City of Coppell f' FILEt - Notice of Meeting February 10, 1988 MEETING TIME: 7:30 p.m. (Open to Public) MEETING PLACE: Town Center - City Council Chambers 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 special called session on Wednesday, February 10, 1988 at 7:30 p.m. in the City Council Chambers 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: Consideration of Approval of Minutes Item 3: Mayor's Report - Update on Current Events in Coppell Item 4: Chairman's Report Item 5: Committee's Report Item 6: Consideration of Advertisement in Coppell Gazette Adjournment 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, TX on the 5th day of February, 1988 at 11:00 a.m. Debbie Cravey AGENDA.021088 MDEBI Notice of Meeting February 10, 1988 MEETING TIME: 7:30 p.m. (Open to Public) MEETING PLACE: Town Center - City Council Chambers 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 special called session on Wednesday, February 10, 1988 at 7:30 p.m. in the City Council Chambers 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: Consideration of Approval of Minutes Item 3: Mayor's Report - Update on Current Events in Coppell Item 4: Chairman's Report Item 5: Committee's Report Item 6: Consideration of Advertisement in Coppell Gazette Adjournment 4J. "I" � 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, TX on the 5th day of February, 1988 at 11:00 a.m. re.. Debbie Cravey AGENDA.021088 MDEBI