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BM 1997-11-05 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP November 5, 1997 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, November 5, 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, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Bill Rohloff, Gary Sieb, Doug Shaw, Kathryn Stephenson, Councilmembers Chuck Sturges, Marsha Tunnell, and City Manager Jim Witt. Also attending was John Leinbaugh with Industrial Development International. 1. Call to Order Chairman Bill Rohloff called the meeting to order at 7:06 p.m. 2. Approval of Minutes It was moved by Doug Shaw and seconded by Bill Herries that the minutes of October 1, 1997 be approved as recorded. The motion passed unanimously. 3. Overview of City Marketing material and financial incentives for now members Isabelle Moro introduced the Partnership Marketing Packet to new member Pat Kurtzman. Isabelle noted that she had updated the Fast Facts and the Community Profile summaries. Isabelle explained the tax abatement procedure and how it is applied. Gary Sieb presented the Coppell Video and CD Package. 4. Consideration of a Request by Industrial Development International for Tai[ Abatement for a 142, 264 s. f . Office/Warehouse Building at the D/FW Trade Center Chad Beach provided a summary of IDI's application for tax abatement and a building profile of the trade center. Mr. Leinbaugh was asking for tax abatement on building "D" which will be completed towards the middle of November. Building "D" will offer both office and warehouse space. Mr. Leinbaugh explained that this building will lease for a 5 to 15 year contract. There are prospective tenants considering space in this building, one being a business office tenant and the other being GTE is looking at the warehouse space. Mr. Leinbaugh shared with the Partnership his concern over the competition in Grapevine and also Carrollton. Discussion followed. It was moved by Doug Shaw and seconded by Tim Brancheau that Building "D" be granted tax abatement requested by Industrial Developments International. The motion passed unanimously. 5. Update on Current a Potential Coamercial/Industrial Developments Gary Sieb reported that a Walmart Store considering the site at Sandy Lake Rd. and S. H. 121 Bypass has not made a decision at this time. IBM Business Center will not be developed at the Wrangler and Beltline location because of gas lines deterring the beginning of construction, however they moved their site to Airline and Beltline and have begun construction. E Systems is considering property located on Coppell Rd. and S. H. 121 Bypass. They are considering this location due to its proximity to Grapevine Mills shopping mall. Tom Thumb is still planning to locate here, just behind with their building schedule. 6. Update on Xarketing Endeavors The last batch of the duck calls were sent to the attendees of the partnership reception. Isabelle provided a copy of the letter that was sent out with the duck calls, as well as a copy of the mailing list. A total of 22 were mailed with a return of 2 Thank You's. The second mailing will consist of the Jumper Cables followed by the Star Being Born Frame. 7. General Discussion and other Business Bill Rohloff suggested a new directory of the Partnership members be made available with the upcoming mailing of the November meeting minutes. Gary Sieb shared that the Coppell Video and CD Package's are available for sale or distribution. Gary informed the Partnership of Jay Turner's resignation. A new member will be decided by council this month. Bill Rohloff shared that Ron Pankey will be on the November 11th council meeting agenda. Mr. Pankey will be bringing forth the proposal of the City hiring an Economic Development Director. Bill invited the Partnership to be present at the council meeting or to watch it on Channel 19. With no further business to discuss, it was moved by Doug Shaw and seconded by Tim Brancheau that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:05. Respectfully submitted, Scarlett Hovland COPPELL ECONOMIC DEVELOPMENT PAR] Wednesday, November 5, 1997 Meeting Time: 7:00 p.m. (Open to the Public) Meeting Place: 2nd Floor Conference Room Coppell Town Center D wocr 3 i eer Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday, November 5, 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: October 1, 1997 Item 3: Overview of City Marketing material and financial incentives for new members (Moro) Item 4: Consideration of a Request by Industrial Development International for Tax Abatement for a 142,264 s.f. Office/Warehouse Building at the D/FW Trade Center (Moro/Beach) Item 5: Update on Current & Potential Commercial/Industrial Developments (Sieb) Item 6: Update on Marketing Endeavors (Sieb/Moro) Item 7: General Discussion and Other Business Adjournment CERTIFICATE 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, October 31, 1997. rs-'C-- o-� Scarlett Hovland, Senior Administrative Secretary