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BM 1996-07-10 EcDevCOPPELL ECONOMIC DEVELOPN GENT PARTNERSHIP July 10, 1996 NMVUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, July 10, 1996, at Coppell Town Center, 255 Parkway Boulevard, Coppell, Texas 75019. The following members were present: Bronwyn Brock, Chairperson, Tim Brancheau, Dave Greer, Dixon Rich, Gary Sieb, Isabelle Moro, John Mark Bonnot,Mary Ann Kellam, Jim Witt and Kathleen Roach. 1. Call to Order Chairman Bronwyn Brock called the meeting to order at 7:20 p.m. 2. Approval of Minutes Approval of the minutes of June 5, 1996 was deferred since a quorum was not present. 3. AMW Tax Abatement Application re Tract 5 Gary Sieb reported that Ab Atkins of MEPC and his attorney had a conversation today with the City Attorney and the City Manager regarding this request. As a result, MEPC has withdrawn their application. 4. Update on Commercial/Industrial Development Isabelle updated the committee on two recent development projects. Project 1315, an electronics/telecommunications firm, was brought to Coppell by the Greater Dallas Chamber. This project is a fabrication and assembly operation, primarily of circuit boards. They expect to employ about 100 people initially, and eventually employ 400 to 500 people. Coppell is one of four sites under consideration and they will make their decision sometime this month. Gary Sieb discussed the process by which this prospect was brought to Coppell and he expects to see more activity like this in the months ahead. Typically, the interested corporation will hire a relocation consultant who then contacts the appropriate Chambers of Commerce. The project is assigned a code name for anonymity and then various sites are researched. The consultant selects several appropriate sites and then, along with someone from the corporation and the chamber, will visit the actual sites. Project Iceberg is a large Fortune 100 corporation looking at buying a site for a 600,000 s. ft. regional distribution facility in the Dallas area. This project is represented by Cushman & Wakefield. 5. Status of Third Direct Mail Piece Isabelle reported that Bill Heroes contacted her regarding this item. The "Birth of a Star" mailing piece should be ready to go within the next three to four weeks. 6. Update on Aerial Map and Pocket Inserts John Mark displayed the latest proof of the aerial map and the pocket page inserts. He asked the Committee to review them one more time and make any notations or corrections necessary. The map will have more detailed information about various development sites within Coppell. 7. Marketing Effort with Paragon Cable Gary Sieb reminded the Committee about the video venture with Paragon Cable. The Telecommunications Board is ready to move forward on this project and Gary asked for direction from this Committee. Does the Partnership want to be involved in this project, or do you wish Staff to work with the Telecommunications Board to develop the video? After some general discussion, Dave Greer suggested that Andy Brown be contacted at GTE to see what he could do towards this endeavor. 8. Consideration of Request by Haverty Furniture for Sales Tax Rebate Felix deGolian from Haverty Furniture was present to address the Committee regarding a request for sales tax rebate. Mr. deGolian complimented the Committee on the aerial map we have provided; he said it was an invaluable tool for him throughout the site selection process. A letter and chart from Mr. deGolian was handed out for all to review and ask questions. Since a quorum was not present, no action could be taken by the Committee at this time. After Mr. deGolian's departure, the Committee continued to discuss the request especially in comparison to a former sales tax rebate granted to Quill Corporation. Dave Greer suggested there should be at least three areas to be considered in reviewing any sales tax rebate applications: 1) Party must own the site property in Coppell; 2) Party must meet a required minimum of sales tax revenues, e.g., something in the neighborhood of $5 - 7.5 million gross sales; 3) Party must apply within a certain pre -determined time period, or lose opportunity to be considered. Bronwyn Brock, Chairperson, suggested that this item be placed on the next agenda for discussion and appropriate action. It was suggested that all Committee members should be contacted shortly before the meeting to see if a quorum will be present. Gary Sieb said he will take care of this. 9. General Discussion/Other Business: Gary Sieb informed the Committee about the groundbreaking for the new Grapevine Mills Mall held this morning. He circulated some general information about the mall and its future occupants. Dixon Rich raised the question about the status of the City's hiring an Economic Development staff person. Jim Witt has sent a memo out to all Committee members regarding this subject, but he advised that the Council did not wish to hire additional personnel at this time. Council has requested that Gary Sieb, Isabelle Moro and the Planning Department staff concentrate more of their efforts towards economic development. Jim Witt will also be more involved, especially since the Deputy City Manager is now on board. With no further business to discuss, the meeting adjourned at approximately 8:50 p.m. Respectfully submitted, Kathleen Roach minjuly.710 Public Notice Statement for ADA Compliance The City of Coppell acknowledges its responsibility to comply with the Americans with Disabilities Act of 1990. Thus, in order to assist individuals with disabilities who require special services (i.e., sign interpretative services, alternative audio/visual devices, and amanuenses) for participation in or access to the City of Coppell sponsored public programs, services and/or meetings, the City requests that individuals make requests for these services forty-eight (48) hours ahead of the scheduled program, service and/or meeting. To make arrangements, contact Vivyon V. Bowman, ADA Coordinator, or other designated official at (214)462-0022 or (TDD 1 -800 -RELAY, TX, 1-800-735-2989). In Compliance with City of Coppell Ordinance No. 95724 Carrying of a concealed handgun on these premises or at any official political meeting in the City of Coppell is illegal. Es Regal llevar consigo un arena de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la ciudad de Coppell. 9458 07/08/96 MON 13:35 FAX 404 870 9458 40 8?� HA ERTY GO -RE Haverty Furniture Companies, Inc. P. 0. Box 54678, Civic Center Station Atlanta, GA 30308-0678 I ► JUL - 8 199r E +I Ij Fax Cover Sheet DATE: July 8, 1996 TO: Gary Sieb FROM: Felix deGolian PHONE: FAX: 214 304 3570 PHONE: 404 870 9412 FAX: 404 870 9458 Number of pages including cover sheet: [ 3 ] Message: 16001 07/08/96 BION 13:35 FAX 404 870 9458 HAVERTY GO -RE 9 002 HAVE R F U R N I T U R a May 23, 1996 Mr. Gary Sieb A.I. C. P. Director of Planning & Community Services City of Coppell 255 Parkway Coppell, TX 75019 Re: S� lement to our Tax Abatement Request Dated May 20 996 Dear Gary: The referenced letter requested a sales tax abatement for which you suggested I offer additional detail. Attached is a five-year spread sheet that outlines the annual and cumulative impact of our estimated sales volume and the resulting taxes. Please add this supporting information to our request. You further suggested that a sales threshold may be established in order for our sales tax abatement request to be considered. Last year the clearance center on Simonton Road in Farmer; Branch achieved $4.5 million sales volume. When we were considering the Belt Line location for this facility, I estimated that volume would increase to $6 million. This Gateway Boulevard location offers better visibility, so I again revised the sales estimate upward to the volume of $7.5 that I used in my May 20 letter. Past experience has taught us that it's normal to expect a temporary dilution of sales volume immediately following relocation of a store. New highs are achieved once the market adjusts to the new location. Based on that expectation, the spread shee projects only $6 million in the first year, with the $7.5 million target being achieved in year two. Thereafter, I've escalated volume at 5 percent per year, our chain average for the past two years. Please use $6 million for our first year threshold and $7.5 million thereafter. Please advise if and when it's appropriate for me to appear before the city council or other board: that may evaluate this request. Thanks for your advice and assistance. Sincerely, Felix deGoli r II FdG/es cc: Rawson Haverty, Jr. Bill -Heap HAVERTY FURNITURE COMPANIES. INC. 866 WEST PEACHTREE ST.. N.W., ATLANTA, GA 30308-1123 TEL 404-881-1911 FAX 404-871-9424 POST OFFICE BOX S4678. CIVIC CENTER STATION, ATLANTA, GA 30308-0678 "Y. PCOPPELL SALES TAX ABATEMENT REQUEST 23 -May -96 ...... ...... we YEAR 1998 1999 2000 2001 2002 TOTAL Y Ni ESTIMATED SALES 6,000,000 7,500,000 7,875,0001 8,268,750 8,682,188 38,325,938 TAX LIABILITY @0 1 % 60,000 75,000 78,750 82,688 86,822 383,259, 75% TAX ABATEMENT (45,000) (56,250) (59,063) (62,016) (65,116) (287,445) NET TO COPPELL 15,000 18,750 19,688 20,672. 21,705 95,.815 40 W.; i 91 AsAMMUtions-, (1) Sales volume increases at 5%-- per year, for years 1 through 5 LN .210TICE OF MEETING COPPELL ECONOMIC DEVELOPMENT PAR Wednesday, July 10, 1996 Meeting Time: 7:00 p.m. (Open to the Public) Meeting Place: 2nd Floor Conference Room Coppell Town Center Loots 4, 7 %QR ` F"l 310 Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday, July 10, 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 0 yrs.' j�, Item 2: Approval of Minutes Item 3: Consideration of Request by Haverty Furniture for Sales Tax Rebate Item 4: Consideration of MEPC Tax Abatement Application re Tract 5 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: Marketing Effort with Paragon Cable Item 9: General Discussion and Other Business Adjournment -,C Jf CERTIFICATE I certify that the above notice of meeting was posted on the bulletin board at the Town Center of the City of Coppell, Tgas, on Friday, July 5, 1996. , Executive Assistant to the City Manager 11 µ " ,.P)- (see reverse side) ."7 �, �} fy i� I �v p ! � � I ' Public Notice Statement for ADA Compliance The Ci* toppMoackno, ledges its responsibility to comply with the Americans with Disabilities Act of '990. Thus, in orders ist individuals with disabilities who require special services (i.e., sign nterpr M i� a services, to alive audio/visual devices, and amanuenses) for participation in or access to 6-�Ci red public programs, services and/or meetings, the City requests that individuals make requests for these services forty-eight (48) hours ahead of the scheduled program, service and/or meeting. To make arrangements, contact Vivyon V. Bowman, ADA Coordinator, or other designated official at (214)462-0022 or (TDD 1-800-RELAY, TX, 1-800-735-2989). In Compliance with City of Coppell Ordinance No. 95724 Carrying of a concealed handgun on these premises or at any official political meeting in the City of Coppell is illegal. Es ilegal llevar consign un arena de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la ciudad de Coppell. NOTICE OF MEETING COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, July 10, 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, July 10, 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 Item 3: Consideration of Request by Haverty Furniture for Sales Tax Rebate Item 4: Consideration of MEPC Tax Abatement Application re Tract 5 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: Marketing Effort with Paragon Cable Item 9: 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, July 5, 1996. Kathleen -Roach, Executive Assistant to the City Manager (see reverse side) MINUTES SENATE ECONOMIC DEVELOPMENT COMMITTEE June 11, 1996,9:00 a.m. Senate Chamber, Austin, Texas A meeting of the Senate Economic Development Committee was held on Tuesday, June 11, 1996 at 9:00 a.m. in the Senate Chamber, Austin, Texas. MEMBERS PRESENT: Senator David Sibley, Chairman Senator Peggy Rosson, Vice Chair Senator Chris Harris Senator Tom Haywood Senator Eddie Lucio Senator Frank Madla Senator Jerry Patterson Senator Florence Shapiro MEMBERS ABSENT: Senator Rodney Ellis Senator Don Henderson The Chairman called the meeting to order at 9:05 a.m. The Committee having been in recess, the following business was transacted. Chairman Sibley announced that the first order of business would be the economic development incentives draft report and the Committee would vote on one proposal at a time. If members have other proposals to submit, the Committee would take them up at a future meeting. Following the economic development incentives business, the Committee would take up medical savings accounts and would then take testimony on the telecommunications issue. The Chairman then called James Henderson and Thomas A. Kelly of Baylor University to present a report on economic development incentives in general. Chairman Sibley took the opportunity to welcome Senator Elect John Carona and requested that he be granted all privileges of the Committee ekcept to vote. There being no objection, it was so ordered. Testimony by Professor Kelly and Professor Henderson then proceeded on the "Efficiency of Tax Abatement in the Market for Jobs." The witnesses then entertained questions from the members. Upon conclusion of the testimony and questions, Chairman Sibley advised that the Committee would go through the draft report proposals and called Karina Casari, Committee Director, and Amy Spiro, Policy Analyst, of the Economic Development -C`6 riittee, to explain each proposal and to respond to members' questions. Tax Abatement Proposal One: Senator Shapiro moved adoption; without objection, the proposal was adopted. Proposal Two: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Three: Following discussion on this proposal, Senator Harris asked that the Chair entertain a motion of no recommendation by the Committee on this issue and have the report state both the pros and, cons because the issue is important enough to be left to the full will of the Senate. Senator Harris then so moved; there being no objection, Senator Harris' substitute proposal was adopted. The Chairman instructed the staff to enlarge the discussion both pro and con, and to canvass the Committee members for their comments. Each member will receive this proposal in writing and will _have an opportunity to provide comments to be included in the report. Proposal Four: Senator Lucio moved adoption; without objection, the proposal was adopted. Proposal Five: Senator Lucio moved adoption; without objection, the proposal was adopted. Proposal Six: The Chairman called Scott Joslove of the Attorney General's Office to respond to Senator Harris' questions concerning the abatement process. Senator Rosson moved adoption of the proposal; without objection, the proposal was adopted. Proposal Seven: Senator Shapiro moved adoption; without objection, the proposal was adopted. Proposal Eight: Senator Harris moved adoption; without objection, the proposal was adopted. Proposal Nine: Senator Lucio moved adoption; without objection, the proposal was adopted. Proposal Ten: Senator Lucio moved adoption; without objection, the proposal was adopted. Proposal Eleven: Senator Lucio moved adoption; without objection, the proposal was adopted. Proposal Twelve: Senator Lucio moved adoption; without objection, the proposal was adopted. Economic Development Sales Tax Proposal One: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Two: Senator Rosson moved that the language of the proposed change state "reconcile the differences between 4A and 4B Board of Director requirements." Following discussion and without objection, the motion was adopted. 2 Proposal Three: Senator Shapiro moved adoption; without objection, the proposal was adopted. Proposal Four: Senator Shapiro moved adoption; without objection, the proposal was adopted. Proposal Five: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Six: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Seven: Senator Rosson moved adoption. There was objection and the motion failed by a vote of 5 ayes and 2 nays. The Chair explained that although there were 5 ayes, it was not a majority of the Committee members. Proposal Eight: Senator Shapiro moved adoption; without objection, the proposal was adopted. Tax Increment Financing Proposal One: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Two: Senator Rosson moved adoption; without objection, the proposal was adopted. Enterprise Zones Proposal One: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Two: Chairman Sibley called Dan Wattles of the Texas Department of Commerce as a resource witness to respond to members' questions on the issue involved. Senator Madla then moved adoption; without objection, the proposal was adopted. Proposal -Three: Senator Rosson moved adoption; without objection, the proposal was adopted. Proposal Four: Senator Shapiromoved adoption; without objection, the proposal was adopted. Proposal Five: Senator Rosson moved adoption; without objection, the proposal was adopted. SB 345 Tax Refunds Proposal One: Following discussion, Senator Rosson moved that there not be a recommendation on this proposal and that the discussion be expanded in the report without a specific recommendation. Senator Shapiro asked the Chairman to reconsider the vote on Proposal One of Tax Increment Financing and be considered in the report with the two proposals under which the Committee adopted no recommendation. Senator Shapiro so moved; without objection, it was so ordered. There being no further business to be considered on the economic development incentives, the Chairman advised that the next item for consideration would be the Medical Savings Accounts draft report, followed by the telecommunications issue. 3 Chairman Sibley called Karina Casari, Committee Director, and Elizabeth Oltremari, Policy Analyst, of the Economic Development Committee to explain the Medical Savings Accounts draft report. Ms. Casari advised that rather than provide recommendations in the draft report, the staff made a Committee finding. Ms. Casari explained the finding: that the State does not have an adequate personal tax mechanism to make medical savings accounts viable at the State level. The Chairman proposed that the report be adopted with no legislative recommendations because of possible federal legislation on this issue. There being no objection, the Committee report on Medical Savings Accounts was adopted. At 11:45 a.m. the Chairman called a brief recess; at 12:00 Noon, Chairman Sibley reconvened and advised that he would make a statement on the Committee's charge to monitor the implementation of HB 2128, which statement is attached to these minutes. Following his statement, the Chair called Chairman Pat Wood, Commissioner of the Texas Public Utilities Commission, to testify on the possible preemption of HB 2128 and to present an update regarding PUC filings with the FCC. Thereafter, the Chair called the following witnesses to testify on the telecommunications issue, and each witness responded to members' questions: Dineen J. Majcher, Teleport Communications Group Brook Brown, Texas Telephone Association Thomas C. Pelto, AT&T Susan Schultz, MFS Communication, Inc. David A. Cole, Southwestern Bell Alfred Herrera, MCI Upon conclusion of the testimony and questions, Chairman Sibley reces the hearing at •40 p.m., subject to the call of the Chair. #A. A AO�� Barbara F. Henderson Se r David Sibl y Committee Clerk Chairman 4