BM 1998-10-07 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
October 7, 1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, October 7, 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, Mary Ann Kellam, Pamela Kurtzman, Isabelle
Moro, Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, City Manager
Jim Witt, and Councilmembers Doug Stover, and Larry Wheeler.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at 7:05
p.m.
2. Approval of Minutes
It was moved by Tim Brancheau and seconded by Karen Hunt that
the minutes of September 2, 1998 be approved as recorded. The
motion passed unanimously.
3. Introduction of New Partnership Member
Gary Sieb introduced new member Mr. Gary Roden to the
Partnership. Gary circulated a list of the members for
address and phone number changes. An updated list will be
available at the next Partnership meeting.
4. Election of Chairman and Vice Chairman
Any member is available to fill the place of Chairman and Vice
Chairman. Bill Rohloff volunteered to continue as Chairman.
It was moved by Pamela Kurtzman and seconded by Karen Hunt
that Bill Rohloff be nominated for Chairman. The motion
passed unanimously. Pat Murphy also volunteered to continue as
Vice Chairman. It was moved by Mary Ann Kellam and seconded
by Tim Brancheau that Pat Murphy be nominated for Vice
Chairman. The motion passed unanimously.
5. Overview of City Marketing Material and Financial Incentives
Isabelle Moro presented the City marketing packet for the
Partnership to review. Isabelle explained what tax abatement
incentives are offered in Coppell. Discussion followed
concerning an update of the Coppell Video with the completion
of Grapevine Mills. Gary Sieb will contact GTE on updating
the video.
6. Request by GTE for Tax Abatement
Isabelle Moro introduced Mr. Gilbert Berger and Mike Webster
of Beck Realty Group representing GTE Realty Corporation. GTE
is asking for tax abatement for two 5 -story office facilities
totaling 500,000 S.F. located at the northeast corner of
Corporate Park Blvd. and S.H. 121. The facility will house
the shared services support for the back office functions of
GTE. Each building will accommodate about 1000 employees.
There is ample parking available for the office employees. GTE
is scheduled to break ground on October 22, 1998. The
project's estimated completion date is mid July 1999.
Discussion followed over concern of the GTE recent merger with
Bell Atlantic and how it would impact this new facility. It
was explained that GTE employees are being pulled from area
offices to relocate here. There have also been requests for
use of the building from area GTE offices outgrowing their
space. The tax abatement would not be in effect until Jan. 1,
2001. Chad Beach provided a summary of the results of the
econometric model for GTE's application for tax abatement. It
was moved by Karen Hunt and seconded by Pamela Kurtzman that
the 5 -year, 50o tax abatement request be granted to GTE. The
motion passed unanimously.
7. Request by IBM and Prentiss Properties for Tax Abatement
Isabelle Moro introduced Mr. Craig Anderson, Senior Program
Manager of IBM and Ms. Lynn Minnici with Prentiss Properties.
IBM and Prentiss Properties were asking for tax abatement for
a single -story office facility totaling 104,000 S.F. located
at the southwest corner of Beltline Road and Airline Drive in
the Park West Commerce Center Industrial Park. IBM has moved
into the office space, which is their call center. IBM
employs up to 800 employees at this time and will in the near
future employ up to 1000 people. This facility will service
the entire country with its extended hours of operation 7 a.m.
to 7 p.m. IBM has a ten-year lease with Prentiss. If IBM
were to outgrow this office space, a new office building would
be developed rather than expanding its current facility. Chad
Beach provided a summary of the results of the econometric
model for IBM's application for tax abatement. Discussion
followed. The Partnership questioned the request for tax
abatement after occupancy of building. Chad Beach explained
that it was just a delayed request on the part of IBM and
Prentiss. They were still within the allowable time limit to
request a tax abatement. It was moved by Karen Hunt and
seconded by Mary Ann Kellam that the 5 -year 75% tax abatement
request be granted to IBM and Prentiss Properties. The motion
passed by a 6 to 1 vote.
8. Request by PrentissProperties for Tax Abatement
Ms. Lynn Minnici and Mr. Davis Glass, representatives for
Prentiss Properties gave presentation on the Lakeview Center.
The Lakeview center consists of two single -story office
facilities totaling 208,564 square feet located at the
northwest corner of Beltline Road and Wrangler Drive in the
Park West Commerce Center Industrial Park. The buildings will
house high tech office type tenants. Miller Freeman, Inc.
will be the main tenant for building 1 with a signed 10 -year
lease to commence 4/1/99. Building II has interested
prospects at this time. Building I will be constructed before
Building II is build. This facility will offer covered
parking. Chad Beach provided a summary of the results of the
econometric model for Lakeview Center, Building 1. Discussion
followed with the clarification that tax abatement was being
asked for Building I only at this time. It was moved by Karen
Hunt and seconded by Tim Brancheau that the 5 -year, 75%
abatement request for building I be granted to Prentiss
Properties. The motion passed unanimously.
9. Update on the Impact of a Freeport Exemption
Jim Witt reported to the Partnership that the study by Moak
Consulting on the impact of a freeport exemption on CISD had
not been completed yet. Jim anticipated a preliminary study
report by the end of the week. Jim shared that he had met
with Buddy Echols, CISD Superintendent on the freeport issues.
Four Seasons had voiced some concerns over the freeport issue,
however he had not succeeded in making contact with Four
Seasons. A special called meeting was recommended to review
the final report from Moak. The Partnership suggested
reviewing the report before meeting with Mr. Moak. Jim Witt
provided copies of 1997 Property Tax Rate comparison with the
freeport exemption offered by surrounding cities.
10. Resignation of Doug Shaw, CISD appointee to the Partnership
Gary Sieb shared with the Partnership, Doug Shaw's resignation
letter. Doug was the CISD appointee to the Partnership. Gary
Sieb was unaware if the CISD would call a special election or
would wait until January to appoint a new member. Bill
Rohloff suggested a letter be written to the School Board for
a new appointee because of the Moak study. Bill will draft
the letter and sena it.
11. Review on Current & Potential Commercial/Industrial
Developments
Isabelle Moro reported on 2 new projects in the Freeport North
Industrial Park and in the Gateway Business Park. Gary Sieb
shared that Presbyterian Medical Center is scheduled to begin
construction in November.
12. General Discussion and Other Business
The partnership expressed they would like to receive advance
notice on Ground Breaking and Ribbon Cuttings. Scarlett
Hovland will continue to provide copies of the listing
provided through the Chamber. With no further business to
discuss it was moved by Tim Brancheau and seconded by Pamela
Kurtzman that the meeting adjourn. By unanimous vote, the
meeting was adjourned at 8:55 p.m.
Respectfully submitted,
Scarlett Hovland
i
COPPELL ECONOMIC DEVELOPMENT PARTNER OCT — 2 �gG +;
Wednesday, October 7, 199L8
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,
October 7, 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: September 2, 1998
Item 3: Introduction of New Partnership Members (Sieb)
Item 4: Election of Chairman and Vice Chairman (Sieb)
Item 5: Overview of City marketing material and financial incentives for new members (Moro)
Item 6: Consideration of a Request by GTE for Tax Abatement for two 5 -story office facilities totaling
500,000 s.f. located at the northeast comer of Corporate Park Blvd. and S.H. 121.
(Beach/Moro)
Item 7: Consideration of a Request by IBM and Prentiss Properties for Tax Abatement for a single -story
office facility totaling 150,000 s.f. located at the southwest comer of Beltline Road and Airline
Drive in the Park West Commerce Center Industrial Park. (Beach/Moro)
Item 8: Consideration of a Request by Prentiss Properties for Tax Abatement for a two single -story
office facilities totaling 208,564 square feet located at the northwest comer of Beldine Road and
Wrangler Drive in the Park West Commerce Center Industrial Park. (Beach/Moro)
Item 9: Update on the Impact of a Freeport Exemption on CISD Study by Moak Consulting (Witt)
Item 10: Resignation of Doug Shaw, CISD appointee to the Partnership (Sieb/Witt)
Item 11: Review of Current & Potential Commercial/Industrial Developments (Moro)
Item 12: 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 2, 1998.
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L� COPPELL ECONOMIC DEVELOPMENT P.
Meeting Time:
Wednesday, October 7, 1998
7:00 p.m. (Open to the Public)
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21998
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,
October 7, 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 0 e PAI
Item 2: Approval of Minutes: September 2, 1998 b -AT) '� . r�
Item 3: Introduction of New Partnership Members (Sieb)
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Item 4: Election of Chairman and Vice Chairman (Sieb) Nkoitow. l64MA
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Item 5: Overview of City marketing material and financial incentives for new members (Moro)
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Item 6: Consideration of a Request by GTE for Tax Abatement for two 5 -story office facilities totaling
500,000 s.f. located at the northeast corner of Corporate Park Blvd. and S.H. 121.
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(Beach/Moro) Mrot.�', �N� �
Item 7: Consideration of a Request by IBM and Prentiss Properties for Tax Abatement for a single -story
office facility totaling 150,000 s.f. located at the southwest corner of Beltline Road and Airline
Drive in the Park West Commerce Center Industrial Park. (BeachlMoro)/ (,,,
Item 8: Consideration of a Request by Prentiss Properties for Tax Abatement for a two single -story
office facilities totaling 208,564 square feet located at the northwest corner of Beltline Road and
Wrangler Drive in the Park West Commefif C r Industrial Park. (Beach/Moro)
Item 9: Update on the Impact of a Freeport Exemption on CISD Study by Moak Consulting (Witt)
Item 10: Resignation of Doug Shaw, CISD a .tee to the Partnership(Sieb/Witt)
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Item 11: Review of Current & Potential Commercial/Industrial Developments (Moro)
Item 12: General Discussion and Other Business (Sieb)
Adjournment
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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:2, 1998.
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