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BM 1998-11-18 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP November 18, 1998, MINUTES The Coppell Economic Development Partnership met at 6:30 p.m. on Wednesday, November 18, 1998 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Scarlett Hovland, Bill Herries, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, Councilmembers Doug Stover, Larry Wheeler, and Jayne Peters. Guests included Susan Richman and John Gethin of FourSeasons.__ 1. Call to Order Vice -Chairman Pat Murphy called the meeting to order at 6:35 p.m. 2. Approval of Minutes It was moved by Tim Brancheau and seconded by Pamela Kurtzman that the minutes of November 4, 1998 be approved as recorded. The motion passed unanimously. 3. Review of study by Moak, Casey & Associate, LLP on the impact of a Freeport Tax Exemption on the Coppell ISD. Bill Rohloff introduced Mr. Lynn Moak representing Moak, Casey & Associates, LLP. Mr. Moak reviewed with the partnership the study that his firm prepared on the impact of a Freeport Exemption on the Coppell ISD. Mr. Moak stated that he has not received a response from the CISD with regards to his study. He shared that the Carrollton -Farmers Branch School District has retained him for a similar Freeport Exemption study. Mr. Moak informed the Partnership that he expects no change to the Texas Public School financial system during the next legislative session. He understands that the Robin Hood plan will continue as in place now. Discussion followed concerning how the growth rate in Coppell would affect the school district. Mr. Moak noted that according to growth projection for CISD it would continue to grow at a rate of 7% to 8%. Mr. Moak pointed out that the impact Freeport Exemption would have for CISD would be a loss of revenue the first year of the Freeport Tax Exemption. He continued with the fact that Coppell is surrounded by cities already offering the Triple Freeport Exemption. A concern with overall community growth interest can be affected with Coppell not offering the Freeport Exemption. Discussion continued concerning the impact the exemption would have for the city and the school. Also discussed were some of the oppositions concerning the Freeport exemption. Bill Rohloff introduced Susan Richman and John Gethin representing FourSeasons. They shared with the Partnership their need for the Freeport Exemption. FourSeasons will be consolidating their facilities which is forcing them to locate additional space in a centralized location. The company is looking at Coppell, Grapevine, and Lewisville areas. If FourSeasons were to stay in Coppell with only Double Freeport Exemption the company would loose a substantial amount of revenue. They would like to stay in Coppell but because of the financial impact for their company they are forced to consider relocating to surrounding cities that offer the Triple Freeport Tax Exemption. FourSeasons will have to make a relocation decision in January. Bill Rohloff mentioned he had not received a reply back from Mr. Echols, CISD School Superintendent concerning the Freeport exemption. Susan Richman with FourSeasons offered to be a part of the% discussions between the city and the CISD. Mr. Moak will be available until a decision is made on the Freeport Exemption. It was moved by Bill Herries that Bill Rohloff contact Mr. Echols, CISD Superintendent to schedule a meeting in December with himself, Director of Planning Gary Sieb, City Manager Jim Witt and Susan Richman, Director of Finance and Operations for FourSeasons. Mr. Rohloff would also establish permission for Lynn Moak to meet with the CISD financial consultant. Pamela Kurtzman made an addendum to the motion that it be noted the urgency and short time line that FourSeasons is under and to bring forth the positive impact that FourSeasons growth would have for Coppell. The motion was seconded by Tim Brancheau and passed unanimously. 4. General Discussion and Other Business Gary Sieb shared with the Partnership that some of the developments in Coppell have offered to subsidize the CISD's first year's revenue loss affected by the Freeport Exemption. With no further business to discuss it was moved by Tim Brancheau and seconded by Bill Herries that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:25 p.m. Respectfully submitted, Scarlett Hovland Notice of Special Called Meeting COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, November 18, 1998 Meetine Time: 6:30 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 a special called session on Wednesday, November 18, 1998 at 6:30 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 6 q0 Pm Item 2: Approval of Minutes: November 4, 1998 4407 '0 U�JOY tY Item 3: Review of study by Moak, Casey & Associates, LLP on the impact of a Freeport Exemption on the Coppell ISD. Item 4: 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, November 13, 1998. S a Scarlett Hovland, Secretary 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 service (ie., sign interpretative services, alternative audiovisual 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 meeting. To make arrangements, contact Vivyon V. Bowman, ADA Coordinator, or other designated official at (972) 462-0022 or (TDD 1-800-RELAY,TX,1-800-7352989) Notice of Special Called Meeting COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, November 18, 1998 Meeting Time: 6:30 p.m. (Open to the Public) Meeting Place: 2rid Floor Conference Room Coppell Town Center Notice is hereby given that the Economic Development Partnership will meet in a special called session on Wednesday, November 18, 1998 at 6:30 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 Omer Item 2: Approval of Minutes: November 4, 1998 Item 3: Review of study by Moak, Casey & Associates, LLP on the impact of a Freeport Exemption on the Coppell ISD. Item 4: General Discussion and Other Business Adjournment CERTIF CATE 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, November 13, 1998. � a Scarlett Hovland, Secretary 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 service (U., sign interpretative services, alternative audiotvisual 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 meeting. To make arrangements, contact Vivyon V. Bowman, ADA Coordinator, or other designated official at (972) 462-0022 or (TDD 1-800-RELAY,TX,1400-7352989)