PKT 03-02-2011 CEDF-2COPPELL ECONOMIC DEVELOPMENT FOUNDATION
March 2, 2011
Meeting Time: 5:30 p.m. (Open to the Public)
Meeting Place: Lobby Conference Room, Coppell Town Center
Notice is hereby given that the Economic Development Foundation will meet on Wednesday;
March 2, 2011, at 5:30 p.m., in the Lobby Conference Room at the Coppell Town Center, 255
Parkway Boulevard, Coppell, Texas. The purpose of the meeting is to consider the following items:
REGULAR SESSION (Open to Public)
Item 1: Call to Order.
Item 2: Approval of Minutes: November 17, 2011
Item 3: Nomination and Election of Officers
Adjournment.
CERTIFICATE
I certify that the above notice of meeting was posted at / °15a � .. on the bulletin board at the
Town Center of the City of Coppell, Texas, on February 25, 2011.
i i urley, Ec6nornic DevelopVent Coordinator
PUBLIC NOTICE STA'rEMENT 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 services (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 these services forty-eight (48) hours ahead of the scheduled
program, service and/or meeting. To make arrangements, contact Vivyon V. Bowman, ADA
Coordinator or other designated official at (972) 462-0022, or (TDD 1 -800 -RELAY, TX, 1-800-735-
2989).
COPPELL ECONOMIC DEVELOPMENT FOUNDATION
November 17, 2010
MINUTES
The Coppell Economic Development Foundation met at 5:30 p.m. on Wednesday, April 7, 2010 at Coppell Town
Center, Lobby Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Bill
Rohloff, Gary Roden, James Walker, Kenneth Luttmer ,Mindi Hurley, Scarlett Hovland, and City Attorney Kevin
Laughlin.
1. Call to Order
• James Walker called the meeting to order at 5:30 p.m.
2. Approval of Minutes: July 23, 2008
• Gary Roden made a motion to approve the minutes from April 7, 2010. Bill Rohloff seconded the
motion. The motion passed unanimously.
Discuss and authorize the President to negotiate and execute a purchase and sale agreement, and
any necessary agreements and instruments related thereto, with the City of Coppell for the purchase
of Lot 1, Block A; Lot 1, Block B; Lot 1 Block C, Lot 1, Block D; Lot 1, Block E; Lot 1, Block F; and
Lot 2, Block G of the Old Town Addition, City of Coppell, Texas, for the resale of such property to
CSE Commercial Real Estate, L.P. for the development of a mixed-use center.
• City Attorney Kevin Laughlin reviewed the purchase and sale agreement with the committee.
• It was moved by Kenneth Luttmer and seconded by Bill Rohloff that the President or any other officer
of the Corporation be authorized to sign on behalf of the Coppell Economic Development Foundation,
the Purchase and Sale Agreement with the City of Coppell presented at today's meeting, inclusive of
the clerical changes discussed, for the purchase of Lot 1, Block A; Lot 1, Block B; Lot 1, Block C; Lot
1, Block D; Lot 1, Block E; Lot 1, Block F; and Lot 2, Block G of the Old Town Addition, City of
Coppell, Texas, for the resale of such property to CSE Commercial Real Estate, L.P. for the
development of a mixed-use center, and that the President or other officer also be authorized, in
consultation with the Corporation's attorney, to sign such other agreements and documents deemed
reasonable and necessary with respect to the closing of this approved transaction.
• Jim Walker signed the agreement as Vice President of the Foundation.
4. Discuss and consider approving an Option Agreement between the Coppell Economic Development
Foundation and CSE Commercial Real Estate, L.P. regarding the sale of Lot 1, Block A; Lot 1, Block
B; Lot 1, Block C; Lot 1, Block D; Lot 1, Block E; Lot 1, Block F, and Lot 2, Block G of the Old
Town Addition, City of Coppell, Texas, approximately 10.06 acres of land, for the future
development of a mixed-use center and authorize the President to sign.
• City Attorney Kevin Laughlin reviewed the Option Agreement with the committee.
• It was moved by Kenneth Luttmer and seconded by Gary Roden that the President be authorized to
sign on behalf of the Coppell Economic Development Foundation, the Option Agreement with to CSE
Commercial Real Estate, L.P. presented at today's meeting, inclusive of the clerical changes discussed,
for the sale of Lot 1, Block A; Lot 1, Block B; Lot 1, Block C; Lot 1, Block D; Lot 1, Block E; Lot 1,
Block F; and Lot 2, Block G of the Old Town Addition, City of Coppell, Texas, for the development of
a mixed-use center, and that the President or other officer also be authorized, in consultation with the
Corporation's attorney, to sign such other agreements and documents deemed reasonable and
necessary with respect to the closing of this approved transaction.
• Jim Walker signed the agreement as Vice President of the Foundation.
With no further business to discuss, it was moved by Bill Rohloff and seconded by Kenneth Luttmer that the
meeting adjourn. By unanimous vote, the meeting was adjourned at 6:00 p.m.
Respectfully submitted,
Scarlett Hovland
Secretary