Loading...
BM 1999-09-01 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP September 1, 1999 MINUTES The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, September 1, 1999 at Coppell Town Center, 2"d Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Tim Brancheau, Scarlett Hovland, Mary Ann Kellam, Pamela Kurtzman, Isabelle Moro, Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, City Manager Jim Witt, and Councilmembers Doug Stovers, and Jayne Peters. Also present was Mr. Scott Williams with Rail Properties Group. 1. Call to Order Chairman Bill Rohloff called the meeting to order at 7:15 p.m. 2. Approval of Minutes It was moved by Pat Murphy and seconded by Pam Kurtzman that the minues of May 5th' July 7th and August 4th 1999 meetings be approved as recorded. The motion passed unanimously. 3. Update by Scott Williams in regards to the Freeport Tax Exemption Mr. Scott Williams a private consultant with Rail Properties Group, representing the landowners and developers of several industrial parks, gave the partnership an update of what has and what will transpire with regards to the implementation of the Freeport Exemption. Mr. Williams held a second meeting on August 25, 1999 with interested businesses and developers already located in Coppell or considering Coppell for development. There were 15 development companies and 5 benefiting companies represented. The purpose of the meeting was to share information on the Freeport Tax Exemption to the development community. The developers agreed on a potential financial contribution if needed. Contract forms were provided at the meeting for review and discussion. Contract forms were also mailed to the companies not represented at the meeting. The initial exposure of a participating company is two times its 1999 Freeport tax value. A number of companies announced their relocation, which could translate to a shortfall in the potential financial contribution to the CISD that will have to be covered by the remaining companies. The final Freeport exemption values should be completed by the end of the first week in September as reported by Moak & Associates. The signed contracts are due November 1, 1999 with the initial payments due December 1, 1999. Discussion followed. The Partnership is concerned with the time -line that the school district will have the Freeport Tax passed in December. City Manager Jim Witt said he would be in contact with Robert Key and CISD Superintendent Buddy Echols to get a better understanding of the CISD's time- line in proceeding with the Freeport Tax Exemption. Mr. Williams concluded that the movement towards Freeport Tax Exemption is very favorable. 4. Request by Lam Lee Group for Tax Abatement Isabelle Moro introduced Ms. Lee and Mr. Chang with Lam Lee Group. The Lam Lee Group is proposing to build a national furniture distribution center in Coppell. The company has been in business for 19 years. They are presently located at 168 Regal Row, Dallas, Texas. The new facility, a 208,800 sq. ft. building is to be located in the Freeport North Addition along the east side Royal Lane and on the north side Cottonwood Creek. The building will house the corporate office as well as will contain approximately 180,000 sq. ft. of warehouse space. The projected number of employees at the facility is 45 with approximately 8 to 10 of those employees possibly residing in Coppell. The Lam Lee Group will be the lessee with a lease commitment of 10 years. The company stated they would be responsible for the landscaping and maintenance of the creek. Chad Beach followed with the review of a summary of the results of the econometric model for the Lam Lee Group. The Lam Lee Group is asking for a 75% tax abatement. Discussion followed. It was moved by Pam Kurtzman and seconded by Pat Murphy that the Lam Lee Group be granted a 5 -year, 75% tax abatement. It was passed unanimously. 5. Request by Matsushita Avionics System Corporation for Tax Abatement Isabelle Moro introduced Mr. Hubly, Mr. Ramos, and Mr. Khile with Matsushita Avionics System Corp. Matsushita Avionics is proposing to lease approximately 18,480 sq. ft. of office/warehouse space at 1405 Beltline Road. Matsushita is a highly visible and respected organization in the aviation industry. The company provides support service and testing of In Flight Equipment. The corporate headquarters is located in Bothell, Washington. They are prepared to sign a five-year lease and will employ approximately 70 employees in Coppell. Discussion followed. Chad Beach followed with the review of a summary of the results of the econometric model for the Matsushita Avionics System Corporation. The corporation was asking for a 5 -year, 75% tax abatement. Discussion followed. The estimated value of the building and FF & E is $3 million, which falls under the $5.5 million taxable assets threshold for tax abatement. Chad suggested that the Partnership could offer a 50% abatement rather than the 75% abatement. It was moved by Pat Murphy and seconded by Tim Brancheau that Matsushita Avionics Systems Corp. be granted a 5 -year, 50% tax abatement. Pam Kurtzman amended the motion to read that if the corporation's taxable assets reach $5.5 million, then they be granted a 75% abatement on the outstanding years of the abatement agreement. Tim Brancheau seconded the motion. It was passed unanimously. 6. Discussion and Consideration of the Adoption of the Cornerstone Concept City Manager Jim Witt shared with the Partnership a proposal for Scott Williams with Rail Properties Group to be a consultant for the city's economic development marketing services. Mr. Williams would work to bring industrial and retail development to Coppell. A compensation package was reviewed. Discussion followed. The Partnership decided to continue the discussion of the proposal. It was proposed that Gary Sieb, Pam Kurtzman, Bill Rohloff, Councilmember Jayne Peters and City Manager Jim Witt meet separately to continue the discussion. Jim Witt will arrange a time for the group to meet and will report back to the Partnership. 7. Update on Current Commercial and Industrial Projects Isabelle Moro reported on 5 development projects. The Planning and Zoning Commission will be reviewing a proposal for a retirement hotel by a private developer to be located on 8 acres of property at State Rd. and Sandy Lake Rd. A Tetco/Mobil convenience store and gas station with a car wash is being proposed for the southwest corner of Hwy. 121 Bypass and North MacArthur Blvd. At Freeport North Industrial Park a new 116,800 sq. ft. office/warehouse facility is being reviewed. At Coppell Town Center a Day Care Center to be located West of the intersection of Parkway Blvd. and Denton Tap Road will go to City Council for their review and consideration in October. The Planning and Zoning Commission for the second time will review a proposal for a development of 56 duplex lots at the northwest corner of Ruby Road and South Coppell Road." 8. General Discussion and Other Business Councilmember Jayne Peters brought before the Partnership appointing an alternate to the Board. The alternate would be required to attend the meetings, however he/she would only be able to vote when there is no quorum present. A bylaw change would need to be acted upon to appoint the alternate. City Manager Jim Witt will proceed with the bylaw change and bring it to the next Partnership meeting. Tim Brancheau gave an update on the Bond. A Bond tape has been produced for viewing. The Bond committee leaders will share Bond information to any group that is interested. Isabelle Moro distributed copies of an updated Community Profile. Bill Rohloff commended Pat Murphy for his contribution and dedication to the Partnership as his term expired. Pat Murphy shared that he enjoyed being on the committee and would be staying active in other city involvement. With no further business to discuss it was moved by Tim Brancheau and seconded by Pat Murphy that the meeting adjourn. By unanimous vote, the meeting was adjourned at 8:55 p.m. Respectfully submitted, Scarlett Hovland COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, September 1, 1999 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, September 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 1: Call to Order Item 2: Approval of Minutes: May 5, 1999, July 7, 1999, and August 4, 1999 Item 3: Update by Scott Williams with regard to fundraising efforts by entities that benefit from a Freeport Tax Exemption agreement with the CISD (Scott Williams) Item 4: Consideration of a request by Lam Lee Group for tax abatement for a 208,800 s.f. office/warehouse facility to be located along the east side of Royal Lane, approximately 600' north of Creekview Drive (Sieb/Moro/Beach) Item 5: Consideration of a request by Matsushita Avionics System Corporation for tax abatement on personal property to be placed in the 18,480 s.f. office/warehouse lease space at 1405 Beltline Road (Sieb/Moro/Beach) Item 6: Discussion and consideration of the adoption of the Cornerstone Concept (Witt) Item 7: Update on Current Commercial and Industrial Projects (Moro) Item 8: General Discussion and Other Business (Sieh) Adjournment CERTIFICATE I certify that the above notice of meeting was posted at /0 , , A, on the bulletin board at the Town Center of the City of Coppell, Texas, on Friday, August 27, 1999. Bowling r 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 audiovisual 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 consigo un arena de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la eiudad de Coppell. COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, September 1, 1999 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, September 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 1: Call to Order f7: o g p Pi Item 2: Approval of Minutes: May 5, 1999, July 7, 1999, and August 4, 1999 /40770 /.f ' r M Item 3: Update by Scott Williams with regard to fundraising efforts by entities that benefit from a Freeport Tax Exemption agreement with the CISD (Scott Williams) Item 4: Consideration of a request by Lam Lee Group for tax abatement for a 208,800 s.f. 2W3 -- office/warehouse facility to be located along the east side of Royal Lane, approximately 600' north of Creekview Drive (Sieb/MoroBeach) 0jAN 6Y V -5 Item 5: Consideration of a request by Matsushita Avionics System Corporation for tax abatement Fri P on personal property to be placed in the 18,480 s.f. office/warehouse lease space at 1405 - Beltline Road (Sieb/MoroBeagh) MO -179M PA .2At 13 7,�� - 2,!�- MIL I=Fie If Item 6: Discussion and consideration of the adoption of the Cornerstone Concept (Witt) Item 7: Update on Current Commercial and Industrial Projects (Moro) v` c Item 8: General Discussion and Other Business (Sieb) �i� LL, ilk Adjournment CERTIFICATE I certify that the above notice of meeting was posted at /0 zi , 11, on the bulletin board at the Town Center of the City of Coppell, Texas, on Friday, August 27, 1999. Bowling T, 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 audiovisual 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 consigo un arms de f sego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la eiudad de Coppell.