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BM 1997-04-02 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP APRIL 2, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 P.M. on Wednesday, April 2, 1997 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Bill Herries, Scarlett Hovland, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Dixon Rich, Bill Rohloff, Gary Sieb, Kathryn Stephenson, and Council Member Chuck Sturges, and Marsha Tunnell. 1. Call to order Ron Pankey called the meeting to order at 7:05 p.m. 2. Approval of Minutes Pat Murphy questioned the minutes of March 5, 1997 as to who made motions for approval of Minutes and the Bylaws. After reviewing the secretary's notes, it was moved by Pat Murphy, seconded by Bill Herries that the minutes of March 5, 1997 be approved as recorded. The motion passed unanimously. 3. Consideration of Request by Insignia Commercial group for Tax Abatement Gary Sieb and Chad Beach led the discussion of request by Insignia Commercial Group for a five year 75% tax abatement for a 367,200 square foot warehouse distribution facility located on the north side of Airline Drive, just east of Beltline Road utilizing Section 380 of the Texas Local Government Code. This was an unusual request, the first of its kind. Typically, the Chapter 380 of the Texas Local Government Code is reserved for promoting unique local economic development programs. Under normal circumstances, the Insignia request could be accomplished utilizing the standard tax abatement application procedure. However, due to the untimely manner in which the application was submitted will cause the company to lose the full benefit of the tax abatement program. The Partnership had invited an Insignia representative to make a presentation at the meeting, but the applicant was not present. The Partnership discussed the option of offering a grant of what the full abatement is worth, however, concluded that this could lead to other developments asking for the same consideration. Chad Beach did explain to the group that the company could qualify for a tax abatement on the value of any improvements made to the land between January 1, 1997 and December 31, 1997. It was moved by Pat Murphy and seconded by Bill Rohloff that the request by Insignia Commercial group for tax abatement utilizing Section 380 of the Texas Local Government Code be denied. The motion passed unanimously. 4. Update on Coppell video Gary Sieb informed the Partnership that he had presented to GTE the changes in the video script that the Partnership had recommended. GTE is open to most of the changes, however viewing the inside of businesses will not be possible. The second draft should be available the last week of April and Ron Pankey and Marsha Tunnell will distribute to the Partnership for review. The suggestion was made that a helicopter be used for better viewing of Coppell. The helicopter would have to be funded by the Partnership. The suggestion was made that the Partnership use the $1000.00 gift from GTE for cost of helicopter. Gary Sieb will call on prices and availability of a helicopter. 5. Discuss plans for a reception premiering the Coppell video Ron Pankey shared that the Video should be ready at the end of May. Discussion followed in suggesting possibilities of showing. It was decided that Town Center would not be a good place with the construction beginning for remodeling. The new Justice Center was suggested along with the Library also being an option. It was also suggested that the video be shown at the Chamber luncheon. There was some concern discussed by the Partnership as to which communities to invite for showing. Tim Brancheau will be checking availability of monies and places for the showing of Video. 6. Update on Current S Potential Commercial/Industrial Developments Gary Sieb announced to the Partnership that there are now 15 reinvestment zones. Gary will provide an update of the tax abatement reinvestment zone map in the near future to the Partnership. 7. Review of Membership Literature on Dallas Area Economic Development Associations For Economic Development Partnership Members Ron Pankey shared with the Partnership that there are not many Economic Development Organizations which encourage and promote municipal participation. The Commercial Real Estate Women (CREW) was the only organization which extended an open invitation to the Partnership. The rest of the associations required membership fees be paid before attendance was permitted. Ron Pankey urged the Partnership to begin mailings right away using the real estate listing in the Dallas Business Journal. 8. General Discussion and other Business Ron Pankey reviewed revision of by-laws. Isabelle Moro presented draft of the community profile. Ron Pankey asked Isabelle to add a table of contents and page numbers to the report and that the Website be mentioned. Pat Murphy made the suggestion that a listing of school zones be added to the community profile. Bill Rohloff suggested a listing be made of all construction developments to made available to the Partnership. Bill also suggested that the Partnership research ways in which Coppell could be mentioned through the national media. With no further business to discuss, it was moved by Bill Herries and seconded by Mary Ann Kellam that the meeting adjourn. By unanimous vote,the meeting was adjourned at 8:15 p.m. NOTICE OF MEETING COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, April 2, 1997 Meeting Time: 7:00 p.m. (Open to the Public) Meeting Place: 2nd Floor Conference Room Coppell Town Center Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday, April 2, 1997 at 7:00 p.m., in the 2nd Floor 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: Approval of Minutes: March 5, 1997 Item 3: Consideration of Request by Insignia Commercial Group for Tax Abatement (Witt) Item 4: Update on Coppell Video (Sieb) Item 5: Discuss plans for a reception premiering the Coppell Video (Pankey) Item 6 Update on Current & Potential Commercial/ ndusftW Developments (Sieb) Item 7: Review of Membership Literature on Dallas Area Economic Development Associations For Economic Development Partnership Members (Pankey) Item 8: General Discussion and Other Business Adjournment CF1t1`IFICATE I certify that the above notice of meeting was posted at 5:00 p.m. on the bulletin board at the Town Center of the City of Coppell, Texas, on Friday, March 28, 1997. Scarlett Hovland, Senior Administrative Secretary