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BM 1986-09-02 EcDevMinutes of September 2, 1986 The Economic Development Board of the City of Coppeli met in regular session on Tuesday, September 2, 1986 at 730 p.m. in the second floor Conference Room of the Town Center. The following members were present: CHAIRMAN'S REPORT BUSINESS OWNERS John Bailey, Chairman Jay Turner, Co-Chaiman Jim Brown, Boardmember Peyton Weaver, Secretary David Greer, Boardmember Also present was Secretary Lynn Romeo. The meeting was called to order. Chairman John Bailey distributed copies of the following to the Boardmembers: A. Literature on the Metrocrest Chamber of Commerce tour to New York in Sept. B. Called attention to memo from Tom Morton referring to Industrial Planning semiar in Austin. C. List of members of Chamber of Commerce. Item 2: Approval of minutes - July 15, & Aug. 5, 1986 • John Bailey made the motion to approve the minutes of July 15, 1986 and August 5,'1986. Jay Turner seconded; motion carried 5-0. Item 3: Consider endorsement of three (3) voting members and sixteen (16) team members to be presented to the City Council for appointment. Chairman John Bailey proposed drafting a letter to the Mayor and Council, anticipating placement on the next agenda, to appoint three (3) voting members, Jim Brown, David Greer and Jay Turner. Jay requested that he make a transition from voting member to team member, leaving a voting member po- sition vacant. Discussion followed with suggested nomina tions to fill the vacancy. Chairman Bailey suggested Don Keach of Re-Max who had expressed an interest in becoming a member, also Jim McGovern of Allstate. David Greer sug- gested that Bill Neer be considered, with Peyton Weaver ex- pressing an interest in consulting with Laurie Dayton. It was decided to recommend Jim Brown, David Greer and Don Keach as the Three (3) voting Members. Recommended for appointment as team members were the following: 1. Jay Turner, Ticor Title & Insurance 2. Paul Adams, First Coppell Bank 3. Bobby Minyard, Minyard's Supermarket 4. Jim McGovern, Allstate Insurance Utility Companies Land Owners/Developers 1. 2. 3. 4. Members at large Commissioner Phil Brewer, Commission. available to Commissioner and met with Item 6: 1. TP&L - Mike Guyton, Assist. Dist. Manager 2. G.T.E. - Ted Brannon, Plant Engineer 3. Lone Star Gas - Doug Jones, Comm. Market Spec. 4. Coppell Water Utilities - Steve Goram, Director of Public Works Terra - Univest Nikor - Connell Jay Patterson - Mike Alan Russ Grimes - Shawn Todd 1. Tim House 2. D/FW Air Cargo Express - Rodney Heltzel 3. D/FW Delta Airlines - C.D. Turner 4. Carmen Homes - Lynn Brock Chairman John Bailey made the motion to approve; Jim Brown seconded. Motion was unanimous 5-p. Item 4: Report from Jim Brown on the trip to The Economic Development Commission in Austin, Texas. Brown related to boardmernbers the meeting with Business Consultant for Economic Development He was assured that there are funds readity our CLty if theio are businesses that qualify. Brown visited the Office of Community Atldirs John Clairy, Assistant Director of Local Government Assistance Divisions. Mr. Clairy informed Com- missioner Brown that there were grant tunds availabAt in th(.. amount of $5,000.00 per. job, 50,000.000 minimum graLt up to half a million dollars maximum. A grant application was application was produced and an explanation of procedures for expediting same. The giants are available to the City as 10-20 year loans with int( rates of 3% to 5%. It was suggested that a consultant from EDC attend an Economic De- velopment Board meeting to explain procedures. Commissioner Jim Brown was approached by Nikor to co-host and participate in an open house at Commerce Center in Oct. Legal aspects were discussed with an alternative that The Metrocrest Chamber of Commerce host a happy hour party at Nikor. Item 5: Report from Chairman John Bailey and Secretary Peyton Weaver on Master Plan for the City ot Coppeti. J.T. Duncan presented the Master Plan to the Council at the budget retreat. The biggest changes that were noted were in the area zoned light industrial. It has been proposed to put a buffer strip of commercial zoning in between re- sidential and light industrial. There is also a suggested re-routing of Beitline Rd. to line up with Bethel School Rd. Re-development areas were defined and an alternate route for Freeport Parkway. Discussion of tax exempt financing for swill businesses sponsored by the Texas Economic De- velopment Commission. Chairman Bailey informed the members that the City can apply to Austin for loans valued at from $250,000.00 up to $10,000,000.00 with floating or fixed rates. The monies can be used for land purchases or real estate development. Restrictions would be residential, golf course, country club, etc. Secretary Peyton Weaver verbalized the need to communicate with businessmen visiting the City and suggested that a form letter be drafted containing pertinent information in a personalized manner. Chairman Baily suggested that the next main agenda item should be the objectives of the Economic Development Board incorporated into a written marketing plan. Commissioner Jay Turner suggested an independent demographic study of Coppell, stating that this should not be a land owner, business owner, etc. Proposed funding would be from developers who would benefit from the information. Secretary Peyton Weaver moved to adjourn the meeting. Commissioner Jim Brown seconded; motion carried 5-0. Adjournment. ATTEST: Lynr Romeo, Secretary John Bailey Chairma Economi d Busin. Development Board MEETING TIME: 7:30 p.m. CALL TO ORDER PUBLIC SESSION INVOCATION CHAIRMAN'S REPORT Item 1: Chairman's Report Adjournment. NOTICE OF MEETING September 2, 1986 MEETING PLACE: Coppell City Hall 255 Parkway Boulevard Notice is hereby given that the Economic and Business Development Board of the City of Coppell will meet in a regular called session on Tuesday, September 2, 1986 at 7:30 p.m. in the Council Chambers at the Coppell City Hall, 255 Parkway Boulevard, Coppell, Texas. The purpose of the meeting is to consider the following items: AGENDA (Open to the public) Item 2: Approval of minutes — July 15, 1986 August 5, 1986 Item 3: Consider endorsement of three (3) voting members and sixteen (16) team members to be presented to the City Council for appointment. Item 4: Report from Jim Brown on the trip to the Economic Development Commission in Austin, Texas. Item 5: Report from Chairman John Bailey and Secretary Peyton Weaver on Master Plan for the City of Coppell. Item 6: Discussion of tax exempt financing for small businesses sponsored by the Texas Economic Development Commission. John Bai -y, Chair Economic and Busin Boar Development I certify that the above notice of meeting was posted on the bulletin board at the City Hall of the City of Coppell, Texas on the 29th day of August, 1986 at 11:30 a.m. EC.DEV.AGD. AGNDA Linda Grau, Secretary