BM 1996-09-04 EcDevCOPPELL ECONOMIC DEVELOPMWM PARTNERSHIP
September 4, 1996
NUNUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, September
41 1996, at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard,
Coppell, Texas 75019. The following members were present: Bronwyn Brock,
Chairperson, Tim Brancheau, David Greer, Bill Herries, Isabelle Moro, Mayor Tom
Morton, Ron Pankey, Dixon Rich, Bill Rohloff, Doug Shaw, Gary Sieb, Bill Stearman, and
Marsha Tunnell.
1. Call to Order
Chainnaa Bronwyn Brock called the meeting to order at 7:03 p.m.
2. Approval of Minutes
The minutes of August 7th were approved as presented.
3. Consideration to Include the on-site sales tax rebate in the ezisting provision of
Chapter 380 of the Tarns Local Govammut Code
Gary Sieb reported that last month the group had adwd staff to develop as on-site
minimum sales tax figure based on the City's cost to p mvide services to users. Chad
Brach, the City's Tax Assessor, is in the process of dweloping an econometric model
which addresses the issue and he will make a presentaitian to the group at the October
meeting.
4. Dis a m"on on proposed ttion for "Goods-in-lVaasict' 1ve i i
Gary Sieb explained that the new legisL•ttion had sonic signiheant changes reptt ft
the tax on inventories held in Texas. Thea was general discussion about the pros aid
cons of supporting this legislation. Bronwyn Brock was of theopinion that businesses
will locate to a particular city nrgardless of the inceritives offered. Gary Sieb
mentioned that the majority of the economic pt+a►spects which approach the City
always inquire in detail with regards to financial incentives. Ron Pankey stated that
this proposed lotion would be taking away bargaining chips for cities competing
for new businesses, consequently, he was opposed to such a bill. A motion was made
by David Greer and seconded by Bill Herries not to support this proposed legislation.
The motion passed unanimously.
5. Update on CommerciaVIndustrial Development
Gary Sieb reported there were two new proposed projects which had not been
discussed earlier. The first was being proposed by Lincoln Properties, located at the
southwest corner of Belt Line Road and Wrangler Drive involving the construction of
three new office/warehouses totaling over 222,000 s.f. The second project was
located on the Minyards tract as an announced 240,000 s. f. expansion of its
warehouse facilities. Mayor Morton mentioned to the group that Office Depot
acquired Staples, Inc. Office Depot will retain Staples' leased space in Coppell.
6. Update of Third Direct Mail Piece
Bill Herries announced the third mail piece had been received and it is now available
for distribution.
7. Status Update on Aerial Map and Economic Development Pocket Packet Inserts
Isabelle Moro reviewed the updated Coppell Industrial Employers List and graph and
explained a number of the industrial users had cut back on employment. Despite the
cut back, the current overall employment is over 3300. Isabelle also distributed to
each member a copy of the new aerial map.
8. General Damon and Other Business
Gary Sieb reported that last month Jim Witt had promised the group he would have a
sample of a GTE video for the group to preview. Gary had the group critique the
video done by (I for the Rio Grande Valley. There was some discussion about the
merits of the video, as well as the expense of such a project. The genexal vonse nsus
was that the video was a good marketing tool if we could limit the cost to not more
than $49000.
Tim reminded the group that last October the partnership had sponsoed a
reception for the brokerage and developmdnt community. He inquired if die group
wanted to repeat such an undertWdng this year. 17rere was some discuss0 on about the
pros and cons of having a reception. During the course of the discusd= it was
decided to postpone the reception until Spring, 1997.
Bronwyn Brock asked Gary if he knew what the : budget was for fiscal
year 1996-1997. Gary did not know but will have Jun Wits i 6cm. the :
Board Members of the budget.
With no further business to discuss, a notion to adjourn was made by Bill Stearman
and seconded by Dave Greer. Meeting adjourned at approumately 7:52 p.m.
Respectfully submitted,
Isabelle Moro
NOTICE OF MEMING
a
. 1
COPPELL ECONOMIC DEVELOPANIMMM PAR
Wednesday,, September 3, 1996
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, September 3, 1996, 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: August 7, 1996
Item 3: Discussion and consideration to include the on-site sales tax rebate in the existing
provisions of Chapter 380 of the Texas Local Government Code
Item 4: Discussion on proposed legislation for "Goods -in -Transit" Inventory
Item 5: Update on Current & Potential Commercial/Industrial Developments
Item 6: Status of Third Direct Mail Piece
Item 7: Status Update on Aerial Map and Economic Development Pocket Packet Inserts
Item 8: General Discussion and Other Business
Adjournment
CERTIFICATE
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 Friday, August 30, 1996.
, _4e_&ai
Katherine Bowling, Executive §q&etary to the City Manager