BM 1998-09-02 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
September 2, 1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, September 2, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The
following were present: Chad Beach, Tim Brancheau, Bill Herries,
Scarlett Hovland, Karen Hunt, Pamela Kurtzman, Isabelle Moro, Pat
Murphy, Gary Sieb, Kathryn Stephenson, City Manager Jim Witt, and
Councilmembers Doug Stover, and Larry Wheeler.
1. Call to order
Vice Chairman Pat Murphy called the meeting to order at 7:04
p.m.
2. Approval of Minutes
It was moved by Bill Herries and seconded by Karen Hunt that
the minutes of June 10, 1998 be approved as recorded. The
motion passed by a vote of 4-0-1. Tim Brancheau abstained
from the vote. An abstained vote counts as a yes vote.
3. Request by Pacific Realty Associates, L.P. for Tax Abatement
Gary Sieb introduced Mr. Marc Myers, President of Myers & Crow
Company. Myers & Crow Company, Ltd. is a real estate
development and investment firm focusing on industrial and
office building development in North Texas. They have two
289,500 sq. ft. office warehouse facilities located in the
Park West Business Center Industrial Park, with major tenants
like Meiko America Inc. and Malt -O -Meal Inc. Mr. Myers gave an
overview of the proposed development. Pacif is Realty is asking
for a tax abatement for 2 separate office/warehouse facilities
totaling 245,200 sq. ft. located at the northeast and
northwest corners of Wrangler and Enterprise Drives in the
Park West Commerce Center. The 2 separate buildings will
offer warehouse/distribution and office type facilities during
Phase I of the development. Another 2 warehouse/distribution
and office type facilities are planned for Phase II, totaling
jointly over 260,000 sq . f t . Mr. Myers expressed the need for
smaller buildings for smaller tenants which is what this
development will offer. The new buildings will house
approximately 225 employees. The average lease will be for 5
years. Two potential tenants are interested in leasing space.
The extension of. Wrangaer= Road has helped to make the building
more accessible to tenants. Phase I of this development is to
be complete by Jan. 1, 1999 with tenants beginning lease on
Feb. 1, 1999. Phase II of the development will not begin
until 70W of buildings 1 and 2 are leased.
Jim Witt asked Mr. Myers to address the triple freeport tax
issue. Mr. Myers spoke with regards to the importance of the
tax issue. He stated that the surrounding areas to Coppell
were offering the triple freeport tax and that plays an
important part in the relocation of the larger distribution
facilities. Typically, cities who offer the tax experience a
30%- to 4091 faster growth in their industrial sector. Chad
Beach provided a summary of the results of the econometric
model for Pacific Realty Associates tax abatement application.
Discussion followed. It was moved by Bill Herries and
seconded by Tim Brancheau that the 75W abatement request be
granted to Pacific Realty Associates. The motion passed
unanimously.
4. Request by Industrial Developments International for Tax
Abatement
Gary Sieb introduced Mr. John Leinbaugh, representative for
IDI. Mr. Leinbaugh gave an overview of Industrial
Developments International and provided an information packet
of the D/FW Trade Center. The tax abatement being asked for
is a 500,000 sq. ft. off ice/warehouse facility located along
the south side of Patriot Drive in the D/FW Trade Center
Industrial Park. D/FW Trade Center is a 180 acre development
that includes approximately 63 acres in the City of Coppell.
Building F will be the third facility to be developed in the
City of Coppell of which the tax abatement is being requested.
The building offers flexibility for distribution and office.
Estimated number of employees is over 235, with the average
salary approximately at $32,000. The average lease will be
for 5 years. Expected move -in is January 15, 1999. Chad
Beach provided a summary of the results of the econometric
model for IDI's application for tax abatement. Discussion
followed. It was moved by Tim Brancheau and seconded by
Pamela Kurtzman that the 75%- tax abatement request be granted
to IDI. The motion passed unanimously.
5. Update on the impact of a Freeport Exemption on CISD
Jim Witt provided copies of the anonymous letter that was
circulated throughout the Coppell community concerning the
Freeport Tax Exemption. The letter stated that developers are
trying to compromise our schools by getting the school board
to agree to the Triple Freeport Tax Exemption. Moak, Casey &
Associates, LLP are in the process of conducting a study on
the actual impact the triple freeport tax would have on CISD.
The study should be completed by the end of September. The
study will be presented to the Partnership and to the CISD
School Board upon completion. Discussion followed. Some of
the concerns that were presented was the impact of surrounding
areas offering the tax and the competition that brings for
Coppell in bringing future developers here and also retaining
business. Another concern is how the tax would effect the
Robin Hood Plan for the CISD and how the revenue structure
would be effected for them. It was moved by Pat Murphy and
seconded by Pamela Kurtzman that the city of Coppell pay for
the expense of the study being conducted by Moak, Casey &
Associates.
6. Review on Current a Potential Commercial/Industrial
Developments
Gary Sieb reported to the Partnership that GTE is in the
process of asking for a zoning change. Their project will
entail a 2 phase development. Phase I will consist of the
development of 2 buildings. Phase II will be developed in the
future. The 2 buildings will house approximately 2000
employees. A portion of the buildings, are scheduled to be
occupied in June 1999. Gary also reported that the
Presbyterian Hospital will begin construction in late
November. Vari-Lite, Inc. has their property located at the
northwest corner of S. Beltline & Lakeshore Drive for sale.
Jim Witt reported that D/FW has approached him with an
interest in developing the property at the corner of Sandy
Lake Rd. and Royal Lane.
7. General Discussion and other Business
Isabelle Moro reported that she had updated the community
profile and fast facts. With no further business to discuss
it was moved by Pat Murphy and seconded by Kathryn Stephenson
that the meeting adjourn. By unanimous vote, the meeting was
adjourned at 8:30 p.m.
Respectfully submitted,
Scarlett Hovland
I
s
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Wednesday, September 2, 1998
eeting Time: 7:00 p.m. (Open to the Public)
Meetine Place: 2nd Floor Conference Room
Coppell Town Center
Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday,
September 2, 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: June 10, 1998
Item 3: Consideration of a Request by Pacific Realty Associates, L.P. for Tax Abatement for 4 separate
office/warehouse facilities totaling 889,000 s.f. located at the northeast and northwest corners of
Wrangler and Enterprise Drives in the Park West Commerce Center. (Moro/Beach)
Item 4: Consideration of a Request by Industrial Developments International for Tax Abatement fora
500,000 s.f. office/warehouse facility located along the south side of Patriot Drive in the D/FW
Trade Center. (Moro/Beach)
Item 5: Update on the Impact of a Freeport Exemption on CISD Study by Moak Consulting (Sieb/Witt)
Item 6: Review of the date on Current & Potential Commercial/Industrial Developments (Sieb)
Item 7: 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, August 28, 1998.
Scarlett Hovland,
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 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 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)
Meeting Time:
Meeting Place:
C W , bF4d , A00, WI Tf- -- �O f/c4v fi -
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Wednesday, September 2, 1998
7:00 p.m. (Open to the Public)
2nd Floor Conference Room
Coppell Town Center
EC0E1WjNh11
Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday,
September 2, 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 7 4 0 q PM Ala r�o tJ
Item 2: Approval of Minutes: June 10, 1998 —77N htY9A
Item 3: Consideration of a Request by Pacif Realty Associates, L.P. for Tax Abatement foro*separate
office/warehouse facilities totaling s.f. located at the northeast and northwest comers of
Wrangler and Enterprise Drives in the Park West Commerce Center. (Moro/Beach) 0 7. C- /►41U10AJ
Item 4: Consideration of a Request by Industrial Developments International for Tax Abatement for a
500,000 s.f. office/warehouse facility located along the south side of Patriot Drive in the D/FW
Trade Center. (Moro/Beach)
Item 5: Update on the Impact of a Freeport Exemption on CISD Study by Moak Consulting (Sieb/Witt)
Item 6: Review of the date on Current & Potential Commercial/Industrial Developments (Sieb)
Item 7: 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, August 28, 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 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 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)
�-�- f'.°j� c� , PRdPbst �G <� ` -r -
rl EE T i- Aw C OF Etl Me H -I SF
� l �
c iES, 5 F a Ij ej A_ SjQ
131..1) 6. tt1U/J t (& c /7W 6.77 6 k)