BM 1998-06-10 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
June 10, 1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, June 10, 1998 at Coppell Town Center, 2nd Floor
Conference Room, 255 Parkway Boulevard, Coppell,.Texas 75019. The
following were present: Chad Beach, Bill Herries, Scarlett Hovland,
Karen Hunt, Mary Ann Kellam, Isabelle Moro, Pat Murphy, Bill
Rohloff, Doug Shaw, Gary Sieb, Kathryn Stephenson,City Manager Jim
Witt, and Councilmembers Doug Stover, Marsha Tunnell, and Larry
Wheeler.
1. Call to Order
Chairman Bill Rohloff called the meeting to order at 7:05 p.m.
Mr. Rohloff introduced Councilmembers Doug Stover and Larry
Wheeler. Mr. Stover and Mr. Wheeler will be the new
representatives of the City Council for the partnership.
Mayor Pro Tem Marsha Tunnell and Councilmember Chuck Sturges
will no longer serve on the partnership committee.
2. Approval of Minutes
It was moved by Pat Murphy and seconded by Doug Shaw that the
minutes of April 1 and May 6, 1998 be approved as recorded.
The motion passed unanimously.
3. Tax Abatement Policy Survey
Chad Beach led discussion on the Tax Abatement Policy Survey.
Chad provided copies of a Tax Abatement Policy Summary listing
cities within the metroplex. There were a total of 16 cities
surveyed including Coppell. The city of Grapevine and Addison
do not offer property tax abatements. The minimum investment
of $5 million in taxable assets is the average for tax
abatements in surrounding cities. Coppell, s minimum investment
criteria is $5.5 million in taxable assets but may consider
less, based on other economic factors. The average percentage
abatement is 50W with Coppell's being 75*. The survey also
showed that longer terms of abatement are offered throughout
the metroplex up to 10 years. Chad Beach showed a 4 cities
comparison of annual tax savings for 2 unidentified Coppell
companies. The city of Allen offered the highest tax savings,
followed by the cities of Lewisville and Grapevine. Coppell
showed to have the highest annual tax bill. The analysis also
showed each company's tax saving benefits with triple f reeport
exemption. Discussion continued with comparison of Freeport
Exemptions. Coppell has a double freeport exemption while
some of the surrounding communities offer a triple freeport
exemption. Some of the benefits that were mentioned for a
triple freeport exemption included being able to offer a tool
for recruiting warehouse developments, Coppell would not be
overlooked by developments because of area cities offering the
triple freeport exemption, would aid in retaining businesses,
and would be financially appealing to businesses.
4. Impact of a Freeport Exemption on CISD
Doug Shaw shared with the Partnership what impact the triple
freeport exemption would have on the CISD. He reported on two
issues of the most concern. The first issue being how the
revenue structure for CISD would be effected in the first year
of implementation and thereafter. The second issue is how
this would effect the Robin Hood Plan. City Manager Jim Witt
provided handouts of a report done by Moak, Casey &
Associates, LLP on the "Consideration of the Adoption of a
Freeport Exemption by the Coppell Independent School
District." Moak, Casey & Associates have done analysis for
the Garland ISD, Frisco ISD and Plano ISD on this specific
issue. It was recommended by the Partnership that the study
be done by Moak, Casey & Associates in order to assess the
actual impact the triple freeport tax would have on CISD.
Doug Shaw offered to take this recommendation to the School
Board. It was discussed that the developers in Coppell may be
willing to pay for the study to be done.
5. Canceling of July and August Meetings
Gary Sieb recommended to the Partnership that only special
called meetings be held for July and August. It was moved by
Doug Shaw and seconded by Bill Herries that the July and
August Meetings be cancelled, unless a meeting needs to be
called for tax abatement requests. The motion passed
unanimously.
6. Update on Current & Potential Commercial/Industrial
Developments
Gary Sieb reported that Primeco was looking to locate in
Building D owned by IDI. Primeco is interested in leasing
51,000 sq. ft. to store high tech equipment valued at $8
million. They are asking for a tax abatement. According to
Chad Beach, Legal Counsel advised him that the city could
amend the existing tax abatement agreement with IDI on
building "D" to include Primco's equipment. The amendment
would allow the city to offer Primeco tax abatement up to 75$
on the assessed value of their equipment. Chad will ask
Primeco to complete a tax abatement application and provide
the city with the supporting documentation regarding annual
sales tax to be generated by the lease agreement on Primeco
equipment. The partnership indicated they would be receptive
to schedule a special meeting in the near future to consider
Primeco's request only if staff made a favorable
recommendation to the partnership. Isabelle also reported on
two new industrial developments. The first being a 2 office
building totalling 216, 000 sq ft. of space being proposed for
the NW corner of Beltine and Wrangler roads. The second being
an 80, 000 sq. ft. call center being proposed for the Southwest
corner of Lakeshore and Crestside Drives.
7. General Discussion and Other Business
Isabelle provided copies of a newspaper article from the Las
Colinas Business News that the City of Irving is offering a 30
percent tax abatement to qualifying companies relocating
within Irving. In order to qualify a company has to have been
in the city of Irving at least 10 years and must maintain the
same number of full-time employees. The company also must be
constructing a new facility or leasing a newly constructed
building in its entirety. Isabelle also provided copies of an
updated community profile for the City of Coppell. with no
further business to discuss it was moved by Bill Herries and
seconded by Karen Hunt that the meeting adjourn. By unanimous
vote, the meeting was adjourned at 8:20 p.m.
Respectfully submitted,
s
Scarlett Hovland
gC
Le 9 ff
COPPELL ECONOMIC DEVELOPMENT PARIM' I
Wednesday, Jane 10, 1998
JUN -8 19W
Meech z 7:00 p.m. (Open to the Public)
Meednt P1u 2nd Floor Confez+enoe Room
Cappell Town Center
Notice is hereby Skm that the Economic Development Partnership will moot in regular session on . 1 ifnM !-- ,
June 10, 1999 at 7:00 p.m., in the 2nd Floor Confim oe Room at the Coppell Town Coater, 255 Parkway
Boulevard, Coppell, Texas, The purpose ofthe meeting a to consider the BoRowing mens:
Item 1: Call to Order
Item 2: Approval of b : April 1, 1998 and May 6,1998
Item 3: Review and discuss the Tax Ab®temeat Policy Survey (BaaGhrSub�l'Witi)
Item 4: Discuss Impact of a Freeport Exemption on CISD (Sid�/Beach/Mom)
Rem S: Discuss Canceling July and August Meetings (Sieb)
Item 6: Review of the date on Current & Potential Co Developments (Sicb)
Item 7: General Discussion and Other Business (Sieh)
CERTIFICATE
I certify that the above notice of meting was posted at 5:00 p.m on the bulletin board at the Town Center of the
City of Coppell, Taros, an Friday, June 5, 1998.
Scads t Hovland, Secretary
Public Notice Statement for ADA Caotpliaxe
The City of Coppell acicnowkdges its responsibility to comply with the Americans with Disabilities Ad of
1990. Thus, in order to assist individuals with disabilities who require special service (Le., sign
rotative services, alternative sudiaJvisual devices, and amanuenses) for particdpation is or access m
the City of Coppell sponsored public prograzok services and/or nwWnga, the City requests that
individuals make requests for meeting. To maw amangenxnts, contact Vin on V. Bowman, ADA
Coordinator, or other designated official at (W2),%2 -W22 or ('TDD 1 00-RELAV,=14KM-7352989)
Lg (!�� Lf 9
COPPZLL ICCONOMC DZVZWPNMqT PA
WeduWays, J=e 10* D" fi
JrJUN - 8 OW
Hsftff 7:00 p.m. (Open to the Public)
Midis 2nd Floor Con&yaoe Room
Cqwz Town Center
Notice is hamby Skm that the Emomic DevebpmwR will meet in regular session an Wedaeaday,
bm 10, M at 70 PuL. in the god Floor fe Rom at tha CqqM Tom QnK 2M ft&wq
Boulevard, Coppol, Texas. The purpose ofthe meeting is to consider ft IoUo** Wms:
It= 1: Call toOrder PA
Item 2: Approval cfMinutw. AprilI,IMand May 6,jM �owom AqOO� 2KP�O
Dom 3: Review and discuss the Tax A Policy SMV
Item 4: Discuss Impact of aFreeport lE aearption onCISD
Item 5: Discuss Canceling July and August Meetings (Sieb) to-nO k) 0 N' C. fL,
Item 6: Review of the date Current & Potential Developments (Sieb)
(D awe t&1V64ex
:Z( 1091 Air i 2164�S*` OFr7CE
Item 7: General Discussion and Other Business (Sieb)
P12� M
A4,6
TWO
CPRTIIrICATR
I off* dkat the above notice of meeting was posted at 5:00 pm an the bulletin bond at the Town Cauoet of the
City of Coppol. Texas, an Friday, Am 5j, 1998.
Soda Hovland, Secretuy
Public Nodce Statmmt foe ADA
MW city of Coppen acknowledges itsresponsibility to comply with the Anwica= with Act of
1990. Thus, in order to assist individuals with disabilities who mqdn special mvice (L&O sip
interpretative services, alternative audiolVisual device=, and almnue=ex) fw pa ion in or access to
the City o(CqWX sponsored pblic programk services and/or meetings, the city requests that
individuals make requests for meeft To MWM arMBOMOMW COMM Vrvyoa V. Bow=kk ADA
or other desipawd official at (972) 462-6022 or (TDD I-WO4RMAY,
TJX 14W733M9),
Z�-A 60 t u- Sin,,,j k F Z Tz, EV
,
0 q" (wit
CZM Pcr- -rt-'C THr Sri &7y
F-Arrl-,)j, /� I—