BM 1998-11-04 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
November 4, 1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, November 4, 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, Karen Hunt, Robert Key, Pamela Kurtzman, Isabelle Moro,
Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, City Manager Jim
Witt, and Councilmembers Doug Stover, Larry Wheeler and newly
elected councilmember Jayne Peters.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at 7:05 p.m.
Ms. Jayne Peters; newly elected councilmember was introduced
to the Partnership.
2. Approval of Minutes
It was moved by Pamela Kurtzman and seconded by Pat Murphy
that the minutes of October 7, 1998 be approved as recorded.
The motion passed unanimously.
3. Presentation on the Impact of a Freeport Exemption on the
Coppell ISD
Jim Witt 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 provided copies of the
report and a Texas School Finance revenue chart. The study
suggests that CISD will face a potential freeport level of
$120 million. At current tax rates, total tax relief of
approximately $1.9 million will occur at the school district
level. Of this amount, $.2 million will be for debt service
payments and will have to be replaced by CISD. The remaining
$1.7 million represents a potential reduction in general
revenue funds of CISD. This amount will be offset by reduced
requirements for payments to the state of $.3 million for the
first year of adoption and $1.7 million for the subsequent
year. Mr. Moak reported that over the past year, five
suburban districts have adopted the exemption including Plano,
Frisco, Fort Bend, and Lamar Consolidated ISDs. There are
also several other school districts considering a freeport
exemption, which includes Garland, Richardson, Mesquite, and
Sherman ISDs. This is cause for concern as the surrounding
areas begin to offer the tax exemption, the impact it may have
on Coppell's ability to attract future developments and also
retaining its current corporate base and the competition that
brings for Coppell in bringing future developers here and also
retaining business. Typically, cities that offer the tax
exemption experience a 30% to 40% faster growth in their
industrial sector. The economic impact of the freeport
exemption is limited to specific commercial or industrial
users with high levels of inventory destined for out-of-state
sale. For these companies, the impact can be very
significant. The projected impact of a freeport exemption on
Coppell ISD is the result of six factors. These factors
include the future growth of Coppell ISD, the operation of the
current Texas public school finance system, the level of local
taxes for operating purposes, the level of debt service
requirements, the economic impact of the freeport exemption,
and potential modification to the Texas public school finance
system. Discussion followed after the presentation. The
Partnership felt it important to proceed with discussion of,
study with the school district. The Partnership would like to
use an in-house example to present with the triple freeport
tax exemption presentation to the school board. Bill Rohloff
will draft a letter to the school board for consideration of a
joint work session including Mr. Moak, and the Partnership to
be scheduled. It was moved by Tim Brancheau and seconded by
Gary Roden to call a special meeting of the Partnership on
November 18, 1998 to further discuss the triple freeport
study. The motion passed unanimously.
4. Review of Current & Potential Commercial/Industrial
Developments
Isabelle Moro informed the Partnership of several new
developments. IDI in the D/FW Trade Center Industrial Park
are ready to construct Buildings G & H. These buildings will
be situated such that part of the building is in Grapevine and
part in Coppell. Freeport North Addition located at the
northwest corner of Creekview Drive and Royal Lane, which will
consist of four separate office/warehouse facilities, is under
review. The Lakeview center consisting of two single -story
office facilities located at the northwest corner of Beltline
Road and Wrangler Drive is under construction with Phase I.
Miller Freeman, Inc. will be the main tenant for Building I.
Pacific Realty has begun construction on the office/warehouse
facilities located at the northeast and northwest corners of
Wrangler and Enterprise Drive. G & K Services, a laundry
facility has begun construction on an 80,000 s.f. building on
Airline Drive. Lucent Technologies has begun construction on
their office facility located along the West Side of Freeport
Parkway; east of Interstate 635 in the Gateway Business Park.
5. General Discussion and Other Business
Gary Sieb introduced Mr. Robert Key to the Partnership who is
replacing Doug Shaw as the CISD representative. Gary will
update the list of members for the Partnership.Jim Witt shared
the letter from Four Seasons concerning Coppell offering the
triple freeport exemption. Mr. Gordon Foster was present at
the meeting as their representative. The Four Seasons lease
will be up in January. The triple free -port exemption is of
great importance in deciding whether they stay in Coppell or
re -locate to benefit from the tax advantage. Bill Rohloff
expressed his appreciation of being invited to Primera°s open
house. Some of the City Staff did attend the event, which was
very nice. Gary Sieb said that GTE would update the Coppell
video with Grapevine Mills for a minimal cost. GTE will be
offering a $1000.00 grant to the Partnership in the near
future. With no further business to discuss it was moved by
Tim Brancheau and seconded by Karen Hunt that the meeting
adjourn. By unanimous vote, the meeting was adjourned at 9:00
p.m.
Respectfully submitted,
Scarlett Hovland
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Wednesday, November 4,1998
Meetine Time: 7:00 p.m. (Open to the Public)
Meetine Place: 2nd Floor Conference Room
Coppell Town Center_
LOCT J u i�yd
Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday,
November 4, 1998 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 nems: , AA 11IV IT
/Mo
Item 1: Call to Order -- 17 "Ca PA
Item 2: Approval of Minutes: October 7, 1998 M 0 Tl 0 lV n ►J
Item 3: Presentation on the Impact of a Freeport Exemption on the Coppell ISD by Moak, Casey
& Associates, LLP (Witt) MOT10 q : $ 2�3b :
Item 4: Review of Current & Potential Commercial/Industrial Developments (Moro)
Item 5: General Discussion and Other Business (Sieb)
Adjournment vcgw
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11 I/
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CERTII+7CATE
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 30, 1998.
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 (i.e., sign
interpretative services, alternative audiovisual devices, and amamrenses) 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,TY,14100-7352989)
1
OCT
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Wednesday, November 4,1998
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,
November 4, 1998 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 7, 1998
Item 3: Presentation on the Impact of a Freeport Exemption on the Coppell ISD by Moak, Casey
& Associates, LLP (Witt)
Item 4: Review of Current & Potential Commercial/Industrial Developments (Moro)
Item 5: General Discussion and Other Business (Sieb)
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 30, 1998.
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 (i.e., 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)