BM 1998-05-06 EcDev`COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
May 6,.1998
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, May 6, 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, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Gary Sieb, City
Manager Jim Witt, and Councilmember Chuck Sturges.
1. Call to Order
Vice Chairman Pat Murphy called the meeting to order at 7:25
p.m. Pat Murphy noted that there was lack of a quorum to
make any administrative actions.
2. Approval of Minutes
There were no administrative actions taken due to the lack of
a quorum.
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 75W. 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 hypothetical 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 freeport
exemption. Discussion followed considering to lower the
percentage of abatement and to lengthen the term. Discussion
continued with comparison of Freeport Exemptions. Coppell has
a double freeport exemption while some of the area cities
offer a triple freeport exemption. City Manager, Jim Witt
expressed that various businesses are requesting the triple
freeport exemption. The City Manager also reported that
several developments considering to locate in Coppell went
elsewhere for the triple freeport exemption. The Partnership
made a recommendation that Gary Sieb consult with Mr. Cole
Morvan of Plano on their triple freeport tax exemption.
4. Update on Current a Potential Commercial/ Indus
Developments
Gary Sieb had no developments to report on at this time.
I
5. General Discussion and Other Business
There was discussion on the summer schedule for meetings. IIL
was proposed that the Partnership not schedule meetings for
June, July or August . Special meetings will be called for tax
abatement requests. With no further business to discuss, the
meeting was adjourned at 8:00 p.m.
Respectfully submitted,
Scarlett Hovland
I
't
COPPELL ECONOMIC DEVELOPMENT PAR
Wednesday, May 6, 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, May
6, 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: April 1, 1998
Item 3: Review and discuss the Tax Abatement Policy Survey (Beach/Sieb/Witt)
Item 4: Review of the date on Current & Potential Commercial/Industrial Developments (Sieb)
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, May 1, 1998.
01j s \qcl
Scarlett Hovland, Senior Administrative 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)
S
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' MAY - 4 ►�8
COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP
Wednesday, May 6, 1998
N-leetingrime: 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, May
6, 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 — `j0M
Item 2: Approval of Minutes: April 1, 1998°P✓
Item 3: Review and discuss the Tax Abatement Policy Survey (Beach/Sieb/Witt)
Item 4: Review of the date on Current & Potential Commercial/Industrial Developments (Sieb) vjoy"`- rJ �5 "'
Item 5: General Discussion and Other Business (Sieb)
Adjournment * S PEb kL #16e7064
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, May 1, 1998.
0-ry%-'�A AANCWTA?
Scarlett Hovland Senior Administrative Secretary A4,ff A) /J
D' J 0 1,t M — No VO T-7
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)