BM 1999-12-01 EcDevISABELLE MORO
PLANNING
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COPPELL ECONOMIC DEVELOPMENT CO
Wednesday, December 1, 1999 NOV 2
4 )�,49
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 Committee will meet in regular session on Wednesday,
December 1, 1999 at 7:00 p.m., in the 2nd Floor Conference Room at the Coppell Town Center, 255 Parkway
Boulevard, and Coppell, Texas. The purpose of the meeting is to consider the following items:
Item l: Call to Order
Item 2: Approval of Minutes: November 3, 1999
Item 3: Update by Scott Williams with regard to fundraising efforts by entities that benefit from
Freeport Tax Exemption agreement with the CISD (Scott Williams)
Item 4: Update on Current Commercial and Industrial Projects (Moro)
Item 5: General Discussion and Other Business (Sieb)
Adjournment
CERTIFICATE
I certify that the above notice of meeting was posted at 12:00 p.m. on the bulletin board at the Town Center of
the City of Coppell, Texas, on Friday, November 24, 1999.
s
Scarlett Hovland, Secretary
Pablle Notice Statement for ADA Compftwe
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)
In Compliance with City of Coppell Ordinance No. 95724
Carrying of a concealed handgun on these premises or at any official political meeting in the City of Coppell is illegal.
Es ilegal llevar consign un arena de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica on la eiudad de
Coppell.
COPPELL ECONOMIC DEVELOPMENT COMMITTEE
December 1, 1999
MINUTES
The Coppell Economic Development Partnership met at 7:00 p.m. on
Wednesday, December 1, 1999 at Coppell Town Center, 2nd Floor Conference
Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were
present: Tim Brancheau, Bruce Bradford, Bill Herries, Scarlett Hovland,
Karen Hunt, Robert Key, Pamela Kurtzman, Gary Roden, Bill Rohloff, Gary
Sieb, Jay Thompson, and CISD Superintendent Buddy Echols. �-) STA(Q M Q(7-OVJ
1. Call to Order
Tim Brancheau called the meeting to order at 7:05 p.m.
2. Approval of Minutes
It was moved by Bill Herries and seconded by Bruce Bradford that the
minutes of the November 3, 1999 meeting be approved as recorded.
The motion passed unanimously.
3. Update by Scott Williams in regards to the Freeport Tax Exemption
Scott Williams shared that he had met with Leon Johnson (CISD) and
Lynn Moak to review the revised finance report prepared by Lynn Moak
& Associates. Bill Rohloff and Chad Beach, City of Coppell Assistant
Finance Director was also present at the meeting. The purpose of the
meeting was to determine the amount of shortfall of revenue CISD
would incur with the adoption of Freeport Tax Exemption. Lynn Moak
presented a spreadsheet depicting the debt service shortfall. The
CISD Superintendent Buddy Echols shared with the committee that
there are still some concerns over the long-term effects of the
Freeport Tax on the CISD. Mr. Echols raised the question as to how
new property taxes would be calculated. Discussion followed. Scott
Williams continues to receive signed contracts from business in
Coppell. Mr. Williams concluded that the movement towards Freeport
Tax Exemption is very favorable. As soon as the shortfall of revenue
for the CISD is determined, the Freeport Tax can be acted on by the
CISD. The Freeport Tax could pass during first quarter of the year
2000.
4. Review of Current Commercial and Industrial Projects
Isabelle Moro was unable to attend the meeting. She will report on
projects at the January meeting.
5. General Discussion and Other Business
It was suggested that the committee review the Abatement Agreement.
There was discussion on implementing a start date and a finish date
in which the abatement would be in effect. With no further business
to discuss it was moved by Bill Herries and seconded by Tim
Brancheau that the meeting adjourn. By unanimous vote, the meeting
was adjourned at 8:00 p.m.
Respectfully submitted,
Scarlett Hovland