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BM 1999-03-15 EcDevCOPPELL ECONOMIC DEVELOPMENT PARTNERSHIP Special Called Meeting of March 15,1999 MINUTES The Coppell Economic Development Partnership met at 6:30 p.m. on Monday, March 15, 1999 at Coppell Town Center, 1St Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chad Beach, Bill Herries, Isabelle Moro, Pat Murphy, Gary Roden, Bill Rohloff, Gary Sieb, City Manager Jim Witt, Mayor Candy Sheehan, Mayor Pro Tem Marsha Tunnell, Councilmembers Jayne Peters and Larry Wheeler. A number of developers, commercial brokers and residents were in the audience. 1. Call to Order Chairman Bill Rohloff called the meeting to order at 6:45 p.m. 2. Approval of Minutes The minutes of the March 3rd meeting could not be approved because of a lack of a quorum. 3. Discussion of Imminent Vote on Freeport Tax Exemption by the CISD on March 29th Jim Witt explained the purpose of the workshop was to review the status of the ad copy to be placed in the local newspapers supporting the Triple Freeport Exemption to be considered by the CISD. A second purpose was to review the discussions city staff has had with Lynn Moak ancj_ Buddy Echols, the CISD Superintendent. Chad Beach briefed the Partnership that Lynn Moak had spoken with Buddy Echols and received a positive reaction from the Superintendent. He expressed the desire for the corporate sector to offset the first year revenue shortfall, as well as the 3 to 5 years debt service shortfall. Lynn Moak was under the impression that the Superintendent may be ready to advise the CISD Board to vote in favor of having CISD staff studies the freeport tax exemption issue. Also, the Superintendent was likely to recommend to the board that Lynn Moak negotiate with the individual companies the donation agreements to the District to offset the impact of the revenue loss. The CISD would likely postpone the adoption of the freeport exemption until all payment agreements for the reimbursements were entered into with the individual companies. Jim Witt shared with the Partnership his conversations with Buddy Echols. Jim was told that the CISD Board would be basing their decision on the financial facts. The Partnership reviewed the ad and discussion followed with regards to the implications of running the ad in the local newspapers. The Partnership decided not to run the ad, rather to hold the ad for a later date if necessary. Jim Witt agreed to call Buddy Echols to inform him of the Partnership's decision. At 7:08 p.m. Chad Beach made a conference call to Lynn Moak. The Partnership requested that Lynn Moak provide a one-page fact sheet explaining in laymen's terms the consequences of not offering the freeport exemption. Bill Herries asked Lynn if the vote on March 29th authorizing CISD staff into entering into payment agreements for reimbursement of the revenue loss with individual companies was done by resolution or by motion? Lynn replied that it could be done either way. Bill requested that Lynn relay to the school district that the Partnership would like to see a resolution passed. Bill expressed that developers would perceive the district was substantially "held harmless from the revenue losses" incurred by adoption of the freeport exemption. The conference call with Lynn Moak was terminated at 7:20 p.m. Discussion followed with regards to the representation at the following scheduled called meetings and workshops. The Coppell Economic Development Special Called Workshop was adjourned at 7:25 p.m. At 7:30 p.m. the Partnership convened in the City Council Chambers for a Briefing Session on Freeport Tax Exemption led by Jim Witt. Discussion followed with regards to effects of the CISD adopting the Freeport Tax Exemption. Briefing Session was adjourned at 8:20 p.m. spectfully submitted, Isabelle Moro , 1 MAR 1 1 . COPPELL ECONONUC DEVELOPMENT PARTNE Special Called Meeting Monday, March 15, 1999 Meeting Time: 6:30 p.m. Work Session (Open to the Public) 7:30 p.m. Briefing Session (Open to the Public) Meeting Place: 1st Floor Conference Room, Coppell Town Center Notice is hereby given that the Economic Development Partnership will meet in a Special Called Meeting on Monday, March 15, 1999 at 6:30 p.m. for a Work Session followed by a Briefing Session to begin at 7:30 p.m. Both sessions to be held in the 1st Floor Conference Room at the Coppell Town Center, 255 Parkway Boulevard, and Coppell, Texas. The purpose of the meetings is to consider the following items: y WORK SESSION (Open to the Public) Item 1: Call to Order Item 2: Approval of Minutes: March 3, 1999 Item 3: Discussion of Imminent Vote on Freeport Tax Exemption by the CISD on March 29th (Witt/Sieb) BRIEFING SESSION (Open to the Public) Item 4: Convene Briefing Session Item 5: Discussion of Freeport Tax Exemption (Witt/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 Thursday, March 11, 1999. 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) 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.