BM 1997-06-04 EcDevCOPPELL ECONOMIC DEVELOPMENT
PARTNERSHIP
JUNE 49 1997
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, June 4, 1997 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Scarlett Hovland, Mary Ann
Kellam, Isabelle Moro, Pat Murphy, Ron Pankey, Bill Rohloff, Doug
Shaw, Kathryn Stephenson, Jay Turner, Councilmembers Chuck Sturges
and Marsha Tunnell, City Manager Jim Witt, and Mayor Tom Morton.
Also attending were Jeff Turner with Insignia Commercial Group,
Inc. and John Leinbaugh with Industrial Developments International.
1. Call to Order
Ron Pankey called the meeting to order at 7:05 P.M.
2. Approval of Minutes
It was moved by Pat Murphy, seconded by Doug Shaw that the
minutes of May 7, 1997 be approved as recorded. The notion
passed unanimously.
3. Consideration of Request by Insignia Commercial Group for Tu
Abatement for a 367, 000 s. f . Office/Warehouse Building located
on Airline Drive
Isabelle Moro presented synopsis of the Insignia Commercial
Group Inc.,, with Chad Beach providing summary of the estimated
valuation of the development. Mr. Jeff Turner made
presentation of the development, stating that the Group would
be making long term leasing agreements beginning at 10 years.
Insignia has pre -leased approximately 142#700 s. f . of space to
Briggs -Weaver, the nation's largest industrial supply
distributor. Insignia is also working with other prospects,
including GTE, Grinnell Sprinkler Systems and others to take
the balance of the building which is 224,778 s.f. He also
said the future growth of the Group could possibly entail a
fourth building. Jeff provided brochures on design features
and benefits of the facility. Much discussion followed
debating issues that needed to be considered when deciding a
tax abatement. After a lengthy discussion, it was moved by
Ron Pankey and seconded by Bill Rohloff that the request by
Insignia Commercial Group for tax abatement be granted. The
motion passed unanimously.
4. Consideration of Request by Industrial Developments
International for Tas Abatement for Two proposed
office/Warehouse Buildings located at D/FW Trade Center
Isabelle Moro explained that IDI was asking for tax abatement
on two separate buildings, D & E. Building D does not meet
criteria for tax abatement and Building E does meet the
criteria. Chad Beach supplied copies of the estimated
valuation of development for the two separate buildings.
Isabelle introduced John Leinbaugh representing IDI. John
made presentation on IDI and supplied a brochure on the DFW
Trade Center development. Buildings D & E have only begun
dirt work. Buildings D & E would have to be completed and on
the tax roles before the abatement could begin. Lease
contracts will begin at a five to ten year term. Lengthy
discussion followed debating issues on each separate building.
Jay Turner suggested that the Partnership be provided with the
Guidelines and requirements for tax abatements along with the
application for review. It was moved by Jay Turner, seconded
by Doug Shaw that Building E be granted tax abatement
requested by Industrial Developments International. The motion
passed unanimously. It was than moved by Jay Turner, seconded
by Bill Rohloff that Industrial Developments International
request for tax abatement on Building D be denied. The motion
passed by a 4 to 3 vote.
5. Consideration Of City of Reqensburq (Germany) proposal to
Establish a Trade Relationship Betveen the Cities of Coppell
and Regensburg
Mayor Tom Morton introduced the trade relationship between the
Coppell and Regensburg. This proposal would allow for a pair
up with economic alliances. This would also be a means of
developing neighbor relations for those businesses interested
in expanding into Germany. There are already several
businesses in Coppell that are interested in this program.
Mayor Tom Morton will have available a distribution of details
for the Partnership.
6. Update on Current & Potential Comseraial/Industrial
Developments
Isabelle Moro informed the Partnership with updates on several
potential developments. The MEPC development will be
presenting to the Planning & Zoning Committee this month to
begin Phase I of their building located at the NW corner of
Gateview and Royal Lane. The Alford Media Company is moving
ahead in pursuing development on 14 acre track on the East
side of State Rd. also known as the Gillcrest property. The
Princeton Park development is considering location across from
the Justice Center which would consist of a two story building
totaling 27,000 sq. ft. A Mexican Restaurant is shopping for
3,000 sq. ft. of existing space in Coppell. The retail
center space on Sandy Lake and McArthur is available for sale.
A Hotel Development is considering property at Sandy Lake and
Denton Tap.
7. General Discussion and Other Business
Mary Ann Kellam reminded the Partnership of the Coppell
Chamber Golf Classic on June 12, 1997. She also mentioned the
Fourth of July festivities scheduled for the City.
The next Partnership meeting will be held in the second week
of July rather than the first week due to the July Fourth
Holiday. The July meeting will be held July 9th at 7:00 in
the Upstairs Conference Room.
With no further business to discuss, it was moved by Ron
Pankey, seconded by Doug Shaw that the meeting adjourn. By
unanimous vote, the meeting was adjourned at 8:45 p.m.
NOTICE OF MEETING
COPPELL ECONONIIC DEV F11nW►H:NT PARTNERSHIP
Wednesday, June 4, 1997 (k ,smaiuSod
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M g, Time: 7:00 p.m. (Open to the Public) tJ-o
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Mount: 2nd Floor Conference Room � ( 1�
Coppell Town Center 6 �C-
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Notice is hereby given that the Economic Development Partnership will meet in regular sessionPE
on Wednesday, June 4, 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: F�O
Item 1: Call to Order
Item 2: Approval of Minutes: May 7, 1997 W M"Ra N SOW 2
Item 3: Consideration of Request by Insignia Commercial Group for Tax Amt
for a 367,000 s.L Office/Warehouse Building located on Airline Drive UNI AN IM W
(Sieb/Beach/Mora) Ilk rL"Z--YL A4 p p14(-0FF 2,
Item 4: Conon of Request by industrial DeveJapnma International frac Tax
Abatement for Two Proposed Office!'Warehouse Buildings located at D/F�W
Trade Center (Sieb/Beach/Moro �i kQ*��. D
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t)L'K - -Fu . k*)C m � 2
Item 5: Consideration of City of Regensburg (Germany) Proposal to Establish a Trade U01 AVOOK
Relationship Between the Cities of Coppell and Regensburg (Mayor Morton)
Ftdk"(Y,/ IAS _ M 'A-
Item 6 Update on Current & Potential Commercial/Industrial Developments (Sieb)
Item 7: General Discussion and Other Business
AdjournmentPy
CE ffirl A t Vvc((&-Pom OIL K f
6
I certify that the above notice of meeting was posted at 5:00 p.m. on the bulletin boned at the Town
Center of the City of Coppell, Texas, on Friday, May 30, 1997.
n&ftst-�-
Scada HoObsid, Senior Administrative Secretary
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