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BM 1999-07-07 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP July 7, 1999 MINUTES. The Coppell Economic Development Partnership met at 7:00 p.m. on Wednesday, July 7, 1999 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Tim Brancheau, Scarlett Hovland, Robert Key, Isabelle Moro, Pat Murphy, Bill Rohloff, and Gary Sieb. 1. Call to Order Chairman Bill Rohloff called the meeting to order at 7:15 p.m. 2. Approval of Minutes The minutes of the May 5th meeting could not be approved because of a lack of a quorum. 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, shared information on companies located in CISD boundaries that filed for Freeport Exemption in 1999 with the Dallas Central Appraisal District (DCAD). Mr. Williams said that 31 companies filed for Freeport Exemption and only 10 remained unapproved as of the date of the July 7th report. Mr. Williams provided handouts showing comparison of approved to date total value of Freeport Exemption to Moak & Associates Estimates. The 1 -year revenue loss for CISD showed to be $1,335,846.00 and a 5 -year loss at $2,000,000-00. Mr. Williams explained that amount could increase based on the number of additional companies being approved for Freeport Exemption. The DCAD will have a complete report of approved Freeport exemptions by July 25th, the last date to establish the Certified Tax Rolls. Mr. Chad Beach, Assistant Finance Director for the City of Coppell will contact Mr. Lynn Moak, (Moak & Associates) and Mr. Leon Johnson (Southwest Securities) with the final approved exemptions from DCAD. A letter addressed to the 31 companies that applied for the Freeport Exemption notifying them of the cooperative investigation effort by the Coppell community was reviewed and signed by Bill Rohloff. After the letters have been mailed and received by the respective companies, Mr. Williams will schedule a joint meeting with the top 10 - 15 companies to explain the possible implications of a Freeport exemption and secure a general buy -in on the fundraising effort. P Mr. Williams explained to the Partnership that by the end of July he hoped to have a report on the impact Freeport exemptions will have on CISD revenues from Moak & Associates and will be made available for review by Southwest Securities. After the review, a meeting with CISD officials will be scheduled to discuss the implementation of a resolution adopting Freeport Exemption. Discussion followed. Overall, there is a positive and encouraging reaction from the developers and the CISD to continue moving forward with the Freeport Investigation. 4. Update on Current Commercial and Industrial Projects Isabelle Moro gave an update on several projects. McCollister's Moving & Storage located at 1303 Crestside Drive is adding 26,000 sq. ft. to their 63,000 sq. ft. building. The addition will include 21 additional truck docks. An 8 ft. screen wall will be constructed to screen the docks. The special use permit for Rollins Leasing Corp., to be located at the south side of Wrangler, between Crestside and Lakeshore Drives, was approved by the P & Z Commission, but denied by the City Council. IAAM Headquarters, located at the south side of Fritz Drive, along the north side of I. H. 635 was on the City Council Agenda for consideration on May 11th. A site plan for an 8,000 sq. ft. office building located at the Southeast corner of Denton Tap Road and Bethel Road went before City Council for consideration in July: 5. General Discussion and Other Business Mr. Bill Rohloff reminded the Partnership that an application for reappointment to the committee needed to be filled out to those whose term was up. With no further business to discuss the meeting adjourned at 8:00. Respectfully submitted, Scarlett Hovland COPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Wednesday, July 7, 1999 Meeting Time: 7:00 p.m. (Open to the Public) Meetinlr Place: 2nd Floor Conference Room Coppell Town Center Notice is hereby given that the Economic Development Partnership will meet in regular session on Wednesday, July 7, 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 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: 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 5:00 p.m. on the bulletin board at the Town Center of the City of Coppell, Texas, on Friday, July 2, 1999. 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 -800-73 52989) 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 arma de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la eiudad de Coppell. Lg(gIt! rlnn+F 1---, COPPELL ECONOMIC DEVELOPMENT PARTNE t, HIP JUL W 1� Wednesday, -- July 7,1999 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, July 7, 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 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: 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 5:00 p.m. on the bulletin board at the Town Center of the City of Coppell, Texas, on Friday, July 2, 1999. 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) 452-0022 or (TDD 1-800-RELAY,TX, 1-800-73 52989) 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 arma de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la eiudad de Coppell.