BM 1996-01-03 EcDev1.
2.
3.
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5.
C 0 P P E L L
CHAMBER OF COMMERCE
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Monthly Meeting
Wednesday, January 3, 1996
7: oo p. m.
City Hall
Coppell, Texas
AGENDA
Update on schedule and timeline for distributing the direct marketing pieces.
Briefing on the recent revision to the city's Tax Abatement Policy.
Discussion of suggestions received related to the reprint of the aerial map and
marketing folder.
Update on current industrial and commercial projects.
Other business.
STATEMENT FOR ADA COMPLIANCE
The City of Coppell ackowledges 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 audioivisual devised, and amanuenses)
for participation in or access to the City of Coppell sponsored public programs, services and/or meetings, the City requests that individuals
made 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, TN 1-800-735-
2829).
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 consigo un arms de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la ciudad de Coppell.
(214) 393-2829 . (214) 393-7485 FAX
500 S. Denton Tap Road • P.O. Box 452 . Coppell, Texas 75019
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Monthly Meeting
January 3, 1996
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, January 3,
1996, at Coppell Town Center, 255 Parkway Boulevard, Coppell, Texas 75019. The
following members were present:
Bronwyn Brock, Chairperson
Jim Witt, City Manager
Chuck Sturges, Council Liaison
John Mark Bonnot, Chamber President
Doug Shaw
Tim Brancheau
Jim Dippold
Bill Herries
Bill Stearman
Isabelle Moro
Kathleen Roach
Those absent: Dave Greer, Ron Pankey, Dixon Rich, Bill Rohloff.
Call to Order:
City Manager Jim Witt called the meeting to order at 7:10 p.m.
Update on Current Industrial/Commercial Projects:
Jim Witt and John Mark Bonnot provided an update of current and potential industrial and
commercial projects. Marc Myers spec building will be occupied by Malt -O -Meal and
Meiko Electronics. Fritz Company has closed on their property and the MEPC Phase II spec
building is underway. Vari-Lite has closed on their property and the Park N Fly project is
underway. Quill Products was in to talk with the City for the second time today about a
relocation here. They are also looking at a site in Garland.
Update on Schedule and Timeline for Distributing Direct Marketing Pieces:
Chairman Bronwyn Brock opened the discussion on marketing. She would like the
Partnership to focus more on marketing Coppell during this year. Bill Herries gave an
update on the mailing pieces. They should be ready next week and a priority mailing list
should be developed, as well as a letter to accompany each mailing. The first mailing piece
should be sent out as soon as possible and the second one in about 30 days.
There was some discussion about selected developers and brokers for the mailings; however,
it was decided that Bronwyn Brock, Bill Herries, Jim Witt and John Mark Bonnot will
discuss this further and develop the mailing list.
Briefing on the City's Tax Abatement Policy:
Jim Witt handed out a Summary of Business Incentives for tax abatement and discussed
them. These incentives were brought up by Central Garden and Pet and other potential
users are sure to bring them up as well. The City was asked to review and consider these
incentives and the City Council recently accomplished this.
Discussion of Suggestions Re Aerial Map and Marketing Folder Reprint:
John Mark handed out an updated list of the suggested changes for the aerial map and
marketing folder reprints along with pricing information. Please review and get with John
Mark if you have any further suggestions. Bill Herries raised the question about whether or
not to include the Tax Abatement Policy in the marketing folder. After some discussion, the
general consensus was to hold it back and supply only as requested.
Other Business:
Jim Witt brought up the recent deal cut by the City of Irving for the Zale Corporation. They
have structured a tax abatement policy around Section 380 of the Texas Government Code
giving them X% back on their inventory tax. We need to be thinking about this and whether
or not we will give this consideration if a user like Haverty's or others knock on our door
for the same deal. After brief discussion, there was general consensus to keep our tax
abatement policy as it is for the next year.
Jim Dippold said he has been reviewing the merits of the Partnership having a home page on
the Internet. He feels there's not much point in it unless there's a combined effort by the
City and the Chamber. Jim Witt advised that Steve Goram will be providing the City
Council a report on this technology at the January 23rd Council meeting. The suggestion
was made that when the City gets ready to get into this, there be a collaborative effort with
the Chamber. Jim Witt will relay this to Steve Goram.
Bronwyn Brock raised the subject of the 1/2 -cent sales tax. Jim Witt informed the group it
would be a 4B sales tax to be used for recreation/quality of life items. The committee will
be holding public hearings, but seem to be focusing on a community pool, trails and a sports
complex. The committee is targeting a vote in May with possible sunset provisions. There
is a committee meeting tomorrow night at 7:00 p.m. and a public hearing scheduled on the
16th.
Jim Witt explained the new impact fees and the credits that will be offered to developers.
Council will be voting on these next week.
John Mark announced that a briefing by Senator Phil Gramm's office will be held next
Wednesday at Riverchase Golf Course, 12:15 p.m., $6.95/person.
With no further business to discuss, the meeting adjourned at approximately 8:20 p.m.
Respectfully submitted,
Kathleen Roach
Tax Abatement Scenario
Years 1- 5
Years 1- 5
Years 1- 5
Years 1- 5
Net Revenue
Net Revenue
Net Revenue
Net Revenue
25 % Abate
50 % Abate
75 % Abate
0 % Abate
Company Name Annual
--------------------------------------------------------------------------
Annual
--------------------------
Annual
----------------------------
Annual
------------------------
Quill Corporation $0
$0
$21,926
$0
------------------------
Total Gain(Loss) $0
--------------------------
$0
----------------------------
$109,630
------------------------
$0
(During Abatement Period)
Ag Rollback Payment $0
$0
$22,510
$0
------------------------
------------------------
NET GAIN(LOSS) $0
--------------------------
$0
----------------------------
$132,140
$0
(During Abatement Period)
1 % Sales Tax Revenue to Coppell
$14.65
Year
11% Sales Tax
1996
$152,510
1997
$183,012
1998
$219,614
1999
$263,537
2000
$316,245
Total 5 yr Period
------------------------
$1,134,918
Over 5 Year
P/Year Period
-------------------------- ----------------------------
Levy Generated, Undeveloped w/Ag Expt.
$14.65
$73.25
Annual Net
Total Revenue
Revenue
Over Abate
Prior Four (4) Abatements
--------------------------------------------------
W/ 75% Abate
-------------------------- ----------------------------
Period w/RB
Vari-Lite
$23,524
$117,620
Primera
$15,193
$105,247
MEPC 11
$12,870
$96,924
Central Garden & Pet
$27,588
$154,601
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
SUMMARY OF BUSINESS INCENTIVES
TAX ABATEMENT:
The City of Coppell offers to qualifying companies a five (consecutive) years tax
abatement policy for both new facilities and structures, and for the expansion and
modernization of existing facilities and structures, as follows:
Assuming an investment of at least $5.5 million in taxable assets, the amount by which
the applicant's "total assessed taxable value" of the real property and/or tangible personal
property, or both exceeds the "accessed taxable value" for the property in the year the
agreement is executed (base year) shall be determined by the following schedule:
• Distribution and Warehousing Maximum 75%
• Assembly and Fabrication
Maximum 50%
• Manufacturing and Processing Maximum 25%
[taxable value of property for each year of abatement - base year taxable value ¢ excess taxable value subject to abatement % above]
The City may consider tax abatement for an investment less than $5.5 million in taxable
assets based upon City evaluation of economic development factors, including but not
limited to: the location of taxable inventory on the property; the amount of sales tax
which the project or property will generate for the City; and the amount of any rollback
taxes triggered by the development or project.
Note: (1) Inventory and supplies may not be included. (2) Any other uses, not listed in this policy, will have
to be considered on an individual basis to evaluate the desirability and compatibility of the proposed use for the
community. All determined "desirable uses" by the City will receive no more than 75% tax abatement.
COPPELL • TEXAS
COLLATERAL / MARKETING MATERIALS
Suggested Changes
AERIAL MAP:
Include the DFW Trade Center -
1. Include internal streets
2. Add yellow and white lines around the project perimeters to indicate LI Zoned
property and Platted Business Park
• Include the "future / proposed" expansion and connection of Freeport Parkway and
Royal Lane with SH 121, and SH 161 to 1-3 5E
• Drop reference to Thweatt Road and change to Sandy Lake Road
• Make red boundary (city limits) line the same width as the yellow lines
• Take "site" arrows off
• Change front flap so that when the aerial map is opened, it is facing the right side up
• Include the new locations of the following industrial / commercial projects -
1. Vari-Lite, Inc.
2. Haverty's Furniture (actual location ???)
3. Craftmade International, Inc.
4. Lone Star Plywood and Door Corp.
5. Gulf Bearing, Inc.
6. Park `N Fly
7. Park West Business Center I (list its leasing tenants ... Malt -O -Meal, Meiko)
8. Park West Business Center II (to be completed in July, 1996)
9. Central Garden and Pet ???
10. The Big 12 Conference Headquarters ???
• Include the new locations of the following city facilities -
1. Fire Station ... Southwestern Boulevard
2. Fire Station (future) ... Parkway Boulevard
3. Court / Police Station (future) ... Parkway Boulevard
4. Andrew Brown, Jr. Community Park - East
5. W. T. Cozby Public Library
• Include the actual names with the present locations for the following schools -
1. Cottonwood Elementary
2. Valley Ranch Rwkwmy,
(Note: The remaining school site in Valley
Ranch is planned to be a future
Middle School).
• Include the future locations of the following commercial / retail buildings -
1. Wynnpage Plaza
2. Town Center Plaza (Parks of Coppell)
CITY OF COPPELL FOLDER:
• Tax Abatement Policy
1. Include the latest revisions
• Demographics
1. Median Income ($70,000 per family household)
2. Average Value of New Home Construction ($225, 000)
3. Population (25, 500)
• Sports Related
1. Arlington Stadium ... change to The Ballpark in Arlington
2. Include the Dallas Sidekicks soccer games played in Reunion Arena
3. In regard to Kid Country, drop the reference to Recently
• General
1. It has been suggested that some of the photos be changed, but this is not
a big deal
Business, Industrial, and Community Site Guide
Price Quotes
Dallas Aerial Surveys:
Color Quote B&W Quote
Map work & graphics Map work & graphics
$15236 $ 941
Millet Printing:
500 1,000 1,500
$45100 $45280 $4,460
Slocum Printing:
500 1,000 13500
$25290 $2,522 $25762
Vanier Printing
Price Quote: City of Coppell Folder (3 inserts):
- Generous Tax Abatement Policy
- Demographics
- Sports Related
1,000 Each 1,500 Each
$ 440/M $ 317/M
Plus $44 art & comp. charges
$1,364 $1,471
Per Mike Dodson w/ Vanier Printing 11/22/95
Price Quote: Per Picture
Up to and no larger than a 5" x T'
- to scan, separate and strip ... $160 per each (approx.)
As large as a 8" x 10"
- to scan, separate and strip ... $185 per each (approx.)
,
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APPLICATION FOR TAX ABATEMENT
Primera Coppell Properties II, LTD.
2001 Bryan St., #3810
Dallas, T% 75201
Applicant's Representative: Marc Myers Company
Richard Crow
(214) 520-7800
Development of an office w� r'riouse building in the Park West
Commerce Center:
Approximately 289,500 square feet of warehouse and office
space.
Estimated valuation of development is as follows:
Land 11210,400
Building 61300,000
Inventory 500.000
8,010,400
Warehouse/Office employment is approximately 75 employees.
The location is described as Lot 1 Block 6, (13.8935 acres) of the
Park West Commerce Center, an addition to the City of Coppell,
Texas.
Econometric Model Results:
75% Abatement
Annual Tax Abatement for Company
Annual Revenue for the City
$ 37,712
$ 15,295
Tax Abatement Scenario
Years 1- 5
Years 1- 5
Years 1- 5
Years 1- 5
Net Revenue
Net Revenue
Net Revenue
Net Revenue
25 % Abate
50 % Abate
75 % Abate
100 % Abate
Company Name Annual
Annual
$0
Annual
$15,295
Annual
$0
Primera Coppell Prop. "II" Ltd. $0
Total Gain(Loss) $0
$0
$76,475
$0
(During Abatement Period)
Ag Rollback Payment $0
$0
$29,767
$0
NET GAIN(LOSS) $0
$0
$106,242
$0
(During Abatement Period)
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SITE PLAN
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PAGE 02
Ri.4,3d V
Heins a tract of land situated in the lames A. Sinustons Survey Abstfact No. 1296. In the City
of Coppelt. Dallas County, Texas, and being all of Lot i Block 6 Park West Commerce Center
as, recorded in Volume 93166 Page: 2334 Dallas County teed Rccords (D.C.D.R). and being
more pauticutarly described as follows.
HFGINNYNG at a 1/2 -inch iron rod with a yellow plastic cap stamped "Halff Assoc" hereafter
caiiod with cap. foutid at the northeast point of a corner clip located aloha the south right-of-way
of Airline Vrivt (60 feet wide) and the East right-of-way of Executive Drive (65 feet wide):
1,HENC , South 139 degreees 06 minutes 46 seconds Fast along stid south right-of-way line a
distance of 443.00 feet to a iron trod with cap found for a comer.
TIIE.NCR-South 00 degrees 53 minutes 14 seconds West departing said south tine a distance of
1307.99 feet to a In -inch iron roti with cap fotind for a corner of the now, right-Qf-way line of
Wrangler Drive (65 feet wide).
THENCE North 89 degrees 06 minutes 46 seconds West along said north right-of-way line a
distance of 443.00 feet to a Minch iron rod with cap set for a corner:
THENCE Notch 44 degrees 06 minutes 46 ctconds West depaning said north line a distance of
29.29 feet to a )/2 -inch irun rod with cap set for a corner on (tie cast right-of-way line of
,Executive Drive:
THENCE North 00 degree:% 53 minutes 14 sceonds Ca-st Along said cast right-of-way line a
distance of 1267.99 feet to a 14.7 -inch iron rod with car found for s► corntr:
THENCE North 45 degrees 53 minutes 14 seconds East a distance of 28.29 feet to the POINT
OF BEGINNING ANIS CONTAINLNO 645.201 square feet or 13.8935 acres of land more or
1css.
NOTICE OF PUBLIC HEARING
OF DESIGNATION OF REINVESTMENT ZONE
A PUBLIC HEARING will be conducted by the City Council of the City
of Coppell, Texas, in the Council Chambers, Town Center, 255
Parkway Boulevard, Coppell, Texas on the 9th day of April, 1996, at
7: 00 P.M., to consider designation of the property described as Lot
1 Block 6, (13.8935 acres) of Park West Commerce Center, an
addition to the City of Coppell, Texas, Primera Coppell Properties
II, Ltd., as a Reinvestment Zone under Chapter 312 of the Texas
Property Tax Code.
The Council will seek to determine whether the improvements sought
to be made in the zone are feasible and practical and will be a
benefit to the land included in the zone and to the City after the
expiration of a tax abatement agreement to be entered into pursuant
to Section 312.204 of the Texas Property Tax Code.
At the hearing, interested persons are entitled to speak and
present evidence for or against the designation.
Citizens Advocate - March 29, 1996
RESOLUTION NO.,r IZ
9,
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS, ADOPTING PROGRAMS TO PROMOTE ECONOMIC
DEVELOPMENT PURSUANT TO CHAPTER 380 OF THE TEXAS LOCAL
GOVERNMENT CODE, AS AMENDED; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, Chapter 380 of the Texas Local Government Code authorizes the City
Council of a municipality to establish and provide for the administration of one or more
programs to promote state or local economic development and to stimulate business and
commercial activity in the City; and
WHEREAS, the adoption of economic development programs, which enhance the
local economy are in the best interest of the citizens of the City of Coppell, Texas ; and
WHEREAS, the adoption of economic development programs will encourage
enhancement of the local economy; and
WHEREAS, the City Council of the City of Coppell, Texas by previous Resolution
adopted the provisions of Chapter 380 of the Texas Local Government Code to provide
programs for economic development; and
WHEREAS, the City Council of the City of Coppell, Texas desires to adopt additional
programs for economic development;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COPPELL, TEXAS:
SECTION 1. That the City Council adopts the provisions of Section 380.001 of the
Texas Local Government Code to promote state or local economic development and to
stimulate business and commercial activity in the City.
A000789F
SECTION 2. It is the policy of the City of Coppell to customize the provisions of
economic development programs on a case by case basis. This individual design is intended
to allow maximum flexibility in addressing unique concerns of each project while enabling
the City to better respond to the changes and needs of the community. Nothing within these
guidelines shall imply or suggest the City is under any obligation to provide any economic
development grant to any applicant or for any project. All projects and applicants shall be
considered on a case by case basis.
SECTION 3. That the City of Coppell economic development programs authorized
by Section 380.001 of the Tex. Loc. Gov't Code is limited to the programs established
herein.
SECTION 4. Economic Development Grants for Roadway Facilities Impact Fees.
The City Manager, based on the recommendation of the City Engineer, is hereby authorized
to allow credits against Roadway Facilities Impact Fees for the construction/dedication of
on-site roadway facilities located in industrial zoned districts west of Beltline Road/Denton
Tap Road as follows:
(1) Credit against Roadway Facilities Impact Fees shall be allowed for land
and/or improvements that the City requires an owner to dedicate and/or
construct at the owner's expense (or that an owner dedicates and/or
constructs pursuant to a development agreement) for:
(a) rights-of-way and other road improvements for on-site roads,designated
in the City's thoroughfare plan in the amount of the actual cost of
construction of, contribution to, or dedication of the on-site roadway
2 AGG0789F
facilities, provided, however, the amount of credit shall not exceed
seventy-five percent (75%) of the actual amount of impact fees to be
paid;
(b) rights-of-way and other roadway improvements for on-site collector
streets not designated in the City's thoroughfare plan but which
connect streets designated in the City's thoroughfare plan in the
amount of the actual cost of construction of, contribution to, or
dedication of on-site roadways, provided, however, the amount of
credit shall not exceed fifty percent (50%) of the actual amount of
impact fees to be paid.
(2) Credits shall be allowed only to the extent that land and completed
improvements have been accepted by the City at the time the impact fee is
payable unless the City otherwise agrees in a development agreement.
(3) Unless the City otherwise agrees in a development agreement, allowed credits
shall be applied to reduce impact fees only when an impact fee is actually
paid, and no one shall be entitled to any refund or reimbursement of any
credit allowed but not so applied. Any unapplied credit may, however, be
applied against impact fees attributable to any additional new development
on the same land in the future.
(4) Unless the City otherwise agrees, credits shall be an incident of ownership of
the land on which new development occurs, and may not be assigned or
transferred separately from the land. Unless the City otherwise agrees if any
3 AGG0789F
land area for which a credit has been allowed is owned by more than one
owner, the City shall allocate the credit pro rata based on land area to the
owner then obligated to pay impact fees. The City shall never have any duty
to investigate the ownership of land, but may rely fully on information
submitted by the party requesting a credit.
(5) No credit shall be allowed unless an application on a form provided by the
City is first submitted to the City Manager requesting the credit. The
application shall be accompanied by any materials that the City requires to
verify the applicants entitlement to the credit or the amount of credit. The
contents of the application shall be established by administrative guidelines.
The City Manager must provide the applicant, in writing, with a decision
regarding the credit request, including the reasons for the decision. The
decision shall specify the maximum value of the credit.
(6) The owner must apply for the credit against Roadway Facilities Impact Fees
due for a development either at the time of application for final plat approval
or at the time of the building permit application, or if no building permit is
required, at the time a certificate of occupancy is issued. The available credit
shall be applied against Roadway Facilities Impact Fees either at the time of
application for final plat approval or at the time of the building permit
application, or if no building permit is required, at the time a certificate of
occupancy is issued.
4 AGG0789F
(7) Credits can only be used to reduce impact fees assessed under Chapter 17 of
the Code of Ordinances, as amended; and
(8) The City shall not refund any unused available credit or be liable for the
same unless otherwise provided by Chapter 395 of the Tex. Loc. Gov't Code.
SECTION S. Economic Development Grant for Sales Tax Rebate. The City Council,
based on the recommendation of the City Council Economic Development Advisory
Committee, is hereby authorized to provide an economic development grant for the rebate
of sales and use tax generated by a qualified applicant from offsite sales tax registered in
Coppell. The Economic Development Grant will consist of an annual grant of funds to a
qualified applicant from lawful available funds. The Economic Development Grant shall
not include any receipts from sales and uses taxes pursuant to Section 4A or 4B of Article
5190.6 of the Development Corporation Act of 1979 or from the levy of sales tax imposed
by the City for property tax relief, regardless of the source of the taxable sales given rise to
any such collections. The applicant will be responsible for providing tax statements and
reports submitted to the Texas Comptroller of Public Accounts, accompaning remittances
of sales tax collection and any other information required by the City in determining the
amount of the eligible annual grant. The City Manager is authorized to approve and
execute all contracts necessary to provide the Economic Development Grant provided
herein.
SECTION 6. That all provisions of the Code of Resolutions of the City of Coppell,
Texas, in conflict with the provisions of this resolution be, and the same are hereby,
5 AGG0789F
repealed, and all other provisions not in conflict with the provisions of this resolution shall
remain in full force and effect.
SECTION 7. This Resolution shall be effective upon its passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell,
Texas on this the day of 1996.
CITY OF COPPELI, TEXAS
APPROVED AS TO FORM:
PETER G. SMMKCITY ATTORNEY
(PGS/ct 1/4/96)
M MORTON, YOR
K'N_yMW
6 AGG0789F
APPLICATION FOR ECONOAHC INCENTIVE
CITY OF COPPELL, TEXAS
Property Owner:
Mailing Address:
Telephone Number:
Property Owner's
Representative:
Mailing Address:
Telephone Number:
Property Address:
Property Legal Description: (Provide Attachments if by Metes & Bounds)
Located Within:
Coppell Independent School District
Independent School District
Dallas County
Collin County
Description of Property:
Type of Economic Incentive: Loan, Grant, Personnel or Services:
Projected Occupancy Date of Project/Initiation of Operations:
Narrative Response to Economic Incentive Criteria:
AGG0789F