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BM 1987-01-29 EcDevMinutes of January 29, 1987 The Economic & Business Development Board of the City of Coppell met in a special called session on Thursday, January 29, 1987 at 7:30 p.m. in the Second Floor Conference Room of the Town Center, 255 Parkway Boulevard, Coppell, Texas. The following members were present: Also present was Member At Large Tim House, Consulting Engineer Wayne Ginn, John Gold of Sherwood Blount & Company, Realtors and Secretary Linda Grau. Item 1: Chairman's Report Chairman John Bailey Vice - Chairman Samuel Shuler Secretary Lynn Brock Boardmember David Greer Boardmember Jim Brown Chairman John Bailey stated that a meeting was held with Mike Clements and Jay Turner concerning a parade of homes approximately the third or fourth weekend during the the month of May, 1987 entitled "Discover Coppell ". Dallas newspapers and radio stations will be utilized for advertising which will attrach people to the Coppell area. A committee is being formed which will consist of one (1) Boardmember from the Economic & Business Development Board, one (1) Boardmember from the Coppell Business Association, one (1) member appointed by Dr. Stanfield, one (1) homebuilder and one (1) developer. It is anticipated that the funding for newspaper and radio advertising will come from developers, businessmen and homebuilders who will benefit from this advertising. Chairman Bailey stated that a seminar is being scheduled at Georgia Institute and felt that perhaps Vice- Chairman Samuel Shuler would attend. Chairman Bailey stated that on March 17th through March 21st, 1987 a convention is scheduled in Toronto, Canada entitled "Opportunities Canada" with (1) representative from each City in the Metroplex attending. This convention will be represented by thirty -seven countries. This item will come before the City Council for approval and recommendation of appointment. October 2nd through October 9, 1987 the Metrocrest Chamber of Commerce is planning a "Trade Mission" in London and have requested a list of potential company prospects to be invited to attend. (This date has been rescheduled to September 25th through October 2, 1987 per Mr. Dick Erickson of the Metrocrest Chamber of Commerce). Item 2: Demonstration of demographic computer model by M/G Consulting Service. Dr. Paul Geisel of M/G Consulting made the presentation to the Boardmembers. Dr. Geisel referred to a proposal submitted to the Economic & Business Development Board on December 16, 1986. (Report is a permanent part of the minutes of December 16, 1986 and is on file in the City Secretary's office for review.) Dr. Geisel presented a slide presentation of a Computer Resource Model. The demographic proposal is designed to provide the City with current population and real estate data as well as computer tools which will allow the City to assess growth and development opportunities in the future. The long -term goals of the demographic study will provide the City of Coppell with information to evaluate the current status of the City in terms of residential and commercial development, plans for future growth and development, re- evaluate zoning and land use maps, examine the effects of build -out, set realistic economic development goals for the City, and market the City of Coppell more effectively. Dr. Geisel further suggested that a Citizen's Task Force be formed to gather data for a demographic study which would reduce the cost of the current market study and generate a broad community support for the project, a Real Estate Inventory which would provide the basic data to be used in development of the Computer Resource Model which would prepare a statistical summary for build -out; selection and design of a mapping system tailored for the City encompassing displays of current and future land usage based on existing platting of the City and would allow accessible means for updating. Following further discussion Dr. Geisel stated that the cost for the software would not excede $1,000 with an additional $400.00 for the Data Base. The cost for a Computer Resource Model would be $8,000.00. Chairman Bailey thanked Dr. Geisel for the presentation. Item 3: Presentation by Wayne Ginn, Consulting Engineer regarding status of capital improvement projects. Mr. Wayne Ginn, Consulting Engineer for the City of Coppell made the presentation to the Boardmembers. Mr. Ginn referred to the 1984 Bond Program of $10,000,000.00 dollars for road projects in Coppell. The current status of these project are as follows: Moore Road - completion April /May (wheather permitting) Bethel School Road - start of construction - May, 1987 - nine month project. MacArthur /Beltline intersection - will open upon completion of railroad signalization. Denton Tap Road - start of construction - May, 1987 approximately 14 month project Beltline east - from Moore Road to eastern City limits - start of construction - September, 1987 - 1 year project. Beltline Road - Moore Road to Denton Tap - start of construction - November /December 1987 - 12 month project. Mr. Ginn submitted a copy of the April 1, 1986 report on the Assessment Program as it pertains to Denton Tap Road and Beltline Road in Coppell which is a permanent part of these minutes. Mr. Ginn stated that the cost breakdown for these projects are as follows: City of Coppell - 8.3 million dollars = 36% Dallas County - 4.9 million dollars = 21% Property owners assessment - 9.8 million dollars = 43% Following further discussion Chairman Bailey thanked Mr. Ginn for his presentation. Item 4: Approval of minutes - January 20, 1987. Boardmember David Greer moved to the approve the minutes of January 20, 1987. Secretary Lynn Brock seconded the motion; motion carried 5 -0 with Chairman John Bailey, Vice - Chairman Sam Shuler, Secretary Lynn Brock, Boardmember David Greer and Boardmember Jim Brown voting in favor of the motion. Item 5: Other business. Chairman John Bailey stated that the scheduled meeting for February 3, 1987 is being re- scheduled to February 17, 1987. The meeting was then adjourned. ATTEST: Linda Grau, Secretary MINUTES 012987 EDEV John B , Chairman Economi Business De lopment Board GINN, INC. CONSULTING ENGINEERS May 27, 1986 Mr. Ed Powell, City Engineer P.O. Box 478 Coppell, TX 75019 Re: Street Assessment Program Dear Mr. Powell: We have revised page 10 of the April 1, 1986 report on the Assessment Program as it pertains to Denton Tap Road and Belt Line Road in Coppell. We are transmitting the revised report herewith and trust that this information will satisfy your needs. Please provide the City Manager, Mayor, and Council members with the revised report. Please call if you have any questions. Sincerely, 4 7`' H. Wayne Ginn, P.E. /sr Enclosure 16135 Preston Road • Suite 106 • Dallas, Texas 75248 • Phone 214/386-6611 CST, OF CS "ELL TUNS THOROUGHFARE PLAN COM Nw NLa•1!•M •ALLA•. MAO emom -7 SEGMENT 4 ....� ••••••■•-•.■. °.Q-- •ir - -- air- -� LEGEND Type of Roadway Mambo' of Traffic Lana* Median or No Median PAO P - Pllnclpal NI-Major C - Collector O- Oh$d.d (Median/ U. Undivided (No Median) A/MOVED-- `ems js Es WM•II /J"a"r'_ ' •..• ATTESTED( .. . ... : • amr New •.n RfJ.5-14t GINN, INC. April 1, 1986 Honorable Lou Duggan & City Council P.O. Box 478 Coppell, TX 75019 Re: Street Assessment Program Gentlemen: CONSULTING ENGINEERS The following is a preliminary summary of the financial impact an assessment program will have on the City of Coppell's proposed construction program for Belt Line Road and Denton Tap Road. This assessment program would be used throughout Coppell for all other thoroughfares also. It would maximize the contribution by Dallas County from the recent County Bond Program. The following assumptions are used in the calculation: 1. The $4+ million Dallas County Bond Program funds would be used uniformly on Belt Line Road (East) and Denton Tap Road (North). The total distance is 31,100± feet (5.9 miles). The allocation of bond funds would be approximately $135.00 per foot of street. 2. The City of Coppell would fund the difference in construction cost for any roadway segment. 3. The City of Coppell would recover the maximum amount of funds allowed by state law through the assessment program. The formula for assessment would be: a. Total construction cost minus County participation equals gross cost to City. b. 90% of gross cost (to be recovered) divided by length of project equals the cost per foot to be recovered. c. 50% of cost per foot to be recovered is to be applied to adjacent properties. (Excluding intersection rights -of- way, railroad right -of -way, parks, etc.) d. The City would pay for street lights, signals, and landscaping. e. The assessments would be paid back throughout the time frame specified in the ordinance. Assessments could be volunteered and paid in advance. The following evaluations are based on cost estimates for 6 -lane divided thoroughfares: 16135 Preston Road • Suite 106 • Dallas, Texas 75248 • Phone 214/386 -6611 SEGMENT NO. 1: Denton Tap Road (Sandy Lake Road north to the Denton County Line): Project length is 6,480 feet. The total assessable front footage is 9,702 feet (74.8% of total) . Construction Cost County Participation Gross Cost to City of Coppell Assessments @ 90% ($3,352,500.00) Recoverable assessments (74.8 %) Net Cost to City STREET SEGMENT EVALUATION Assessment Project Cost /ft. Assessment Cost /Front foot $4,600,000.00 * 875,000.00 $3,725,000.00 2,508,000.00 $1,217,000.00 $ 517.00 $ 258.00 * Includes 1. Replacement of bridge over Denton Creek to clear 100 - year flood w.s. 2. Widening of existing Cottonwood Branch bridge. 3 SEGMENT NO. 2: Denton Tap Road (Belt Line Road north to Sandy Lake): Project length is 7,522 feet. The total assessable front footage is 14,437 feet (95.9% of total) . Construction Cost County Participation Gross Cost to City Assessment @ 90% ($2,430,000.00) Recoverable Assessments (95.9 %) Net Cost to City Assessment Project Cost /ft. Assessment Cost /Front foot * Includes: $3,700,000.00 * 1,000,000.00 $2,700,000.00 2,330,000.00 370,000.00 $ 323.00 $ 161.00 1. Grapevine Creek bridge replacement to raise above 100 - year flood w.s. 4 SEGMENT NO. 3: Belt Line Road (Denton Tap Road east to Moore Road): Project length is 6,003 feet. The total assessable front footage is 2,195 feet (18.3% of total). Construction Cost County Participation Gross Cost to City $1,235,000.00 Assessment @ 90% ($1,111,000.00) Recoverable Assessments (18.3 %) 203,000.00 Net Cost to City $1,032,000.00 Assessment Project Cost /ft. Assessment Cost /Front foot 5 $2,045,000.00 810,000.00 $ 185.00 $ 93.00 SEGMENT NO. 4: Belt Line Road (Moore Road east to the East City Limit -- Existing Alignment): Project length is 10,990 feet. The total assessable front footage is 9,022 feet (41.05% of total). Construction Cost County Participation Gross Cost to City $4,448,000.00 Assessment @ 90% ($4,003,000.00) Recoverable Assessments (41.0 %) 1,641,000.00 Net Cost to City $2,807,000.00 Assessment Project Cost /ft. Assessment Cost /Front foot * If properties north of railroad volunteer an assessment of $182.00 /front foot ($782,600.00) then the recoverable assessment would be approximately $2,423,600.00, and thus the net cost to the City would be reduced to $2,024,400.00. 6 $5,931,000.00 1.483,000.00 $ 364.00 $ 182.00 SEGMENT O. 5 :. Belt Line Road (Moore Road to the East City Limit -- Alternate Alignment No. 1): Project length is 11,090 feet. The total assessable front footage 19,040 feet (85.8% of total). Construction Cost County Participation Gross Cost to City $2,728,000.00 Assessment @ 90% ($2,455,000.00) Recoverable Assessments (85.8 %) 2,106,000.00 Net Cost to City $ 622,000.00 Assessment Project Cost /ft. Assessment Cost /Front foot 7 $4,225,000.00 1,497.000.00 $ 221.00 $ 110.50 SEGMENT NO. 6: Belt Line Road (IH635 to Denton Tap Road): Project length is 9,500 feet. The total assessable front footage is 11,069 feet (58.3% of total). Construction Cost County Participation $6,700,000.00 700,000.00 Gross Cost to City $6,000,000.00 Assessment @ 90% ($5,400,000.00) Recoverable Assessments (58.3 %) 3,146,200.00 Net Cost to City $2,853,800.00 Assessment Project Cost /ft. Assessment Cost /Front foot $ 568.42 $ 284.21 7a Rev. 5/86 Street lighting costs are based on an estimated cost of $100,000 per mile. Landscaping costs are also estimated at $100,000 per mile. Traffic signal installation costs are estimated to be $75,000 per intersection. The cost of sidewalks has not been included in the construction cost estimates for the above due to the undeveloped condition of most of the frontages. If construction of sidewalks were to be included as a part of any of the roadway segments considered above, it would add approximately $10.00 of assessable cost per front foot to the project. SEGMENT 1. Denton Tap Road - Sandy Lake Rd. to Denton County Line 2. Denton Tap Road - Belt Line Rd. to Sandy Lake Rd. 3. Belt Line Road - Denton Tap Rd. to Moore Road 4. Belt Line Road - Existing Moore Rd. to East City Limits 5. Belt Line Road - Alternate Alignment No. 1 - Moore Rd. to East City Limits 6.* Belt Line Road - 1H635 to Denton Tap ITEM DESCRIPTION Landscape Lighting Signals Landscape Lighting Signals Landscape Lighting Signals Landscape Lighting Signals Landscape Lighting Signals Landscape Lighting Signals Subtotal Subtotal Subtotal Subtotal Subtotal Subtotal 8 Rev. COST $122,727.00 122,727.00 75,000.00 $320,454.00 $142,462.00 142,462.00 150,000.00 $434,924.00 $113,693.00 113,693.00 25,000.00 $252,386.00 $208,144.00 208,144.00 150,000.00 $566,288.00 $210,038.00 210,038.00 150,000.00 $570,076.00 $179,924.00 179,924.00 509,848.00 $869,696.00 5/86 SEGMENT * *6. Belt Line Road - 1H635 to Denton Tap ITEM DESCRIPTION COST Landscape Lighting Signals $179,924.00 179,924.00 150, 000.00 Subtotal $509,848.00 8a * *Rev. 5/86 The following summary table lists the project segments in ascending order based on net cost to the City of Coppell: SEGMENT 0 . 2 5 3 1 4 SUMMARY TABLE NET GROSS 0_ T • T $ 370,000 622,000 1,032,000 1,217,000 2,807,000 ($2,024,400)* 2,853,900 ** 6,000,000 ** 6 ** $2,700,000 2,728,000 1,235,000 3,725,000 4,448,000 * Net Cost to City with voluntary assessments north of railroad tracks. LIGHTING, LANDSCAPE, T' Z FIC I $ 435,000 570,000 252,000 320,000 566,000 509,848 ** from properties If the City elects to construct any or all of the thoroughfare segments, the City must have the gross cost to the City available prior to awarding any construction contracts. 9 * *Rev. 5/86 The overall benefit of this type of assessment program would be to allow the construction of approximately $23 million of street improvements with the funding being supplied as follows: City of Coppell $ 8.3 million* 36% * Dallas County 4.9 million* 21% Adjacent Property Owners 9.8 million* 43% (by assessment) ** These figures include construction of Segments 1, 2, 3, 4, and 6 as described herein without credit for assessments for the properties north of the St. Louis Southwestern Railroad along segment 4. It is recommended that the City of Coppell adopt this type of assessment program in order to maximize the County's participa- tion and reduce the City's expenditures and thus allow the building of the greatest amount of thoroughfares for the City. The details of this summary report will be presented in our final report. Sincerely, fif r k°' H. Wayne Ginn, P.E. HWG /sr 10 ** Rev. 5/86 MEETING TIME: 7:30 p.m. MEETING PLACE: NOTICE OF MEETING January 29, 1987 Town Center - 2nd. Floor Conference Room 255 Parkway Blvd. Coppell, Texas 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 Thursday, January 29, 1987 at 7:30 p.m. in the 2nd. Floor Conference Room at the Town Center, 255 Parkway Boulevard, Coppell, Texas. The purpose of the meeting is to consider the following items: AGENDA CALL TO ORDER INVOCATION PUBLIC SESSION 7:30 p.m. (Open to the public) Item 1: Chairman's Report Item 2: Demonstration of demographic computer model by M/G Consulting Service. Item 3: Presentation by Wayne Ginn, Consulting Engineer regarding status of capital improvement projects. Item 4: Approval of minutes - January 20, 1987 Item 5: Other business Adjournment. Linda Grau, Secretary AGENDA 012987 EDEV John Econom CERTIFICATE ey, Chairm and Busine Development Board 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 22nd day of January, 1987 at 2:30 p.m.