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BM 2013-05-01 EcDev COPPELL ECONOMIC DEVELOPMENT COMMITTEE May 1, 2013 MINUTES The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, May 1, 2013, at Coppell Town Center, Second Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas, 75019. The following were present: Bill Rohloff, Chairperson; Don Carroll, Vice Chairperson; Scott Spray; Christi Greene; Sue Bird; Aaron Straach; Jim Walker; Jeff Varnell, Monica Diamond; Davin Bernstein; Mindi Hurley; and Amy Swaim. Call to Order 1. Chairperson Rohloff called the meeting to order at 6:05 p.m. Mindi Hurley introduced Amy Swaim as the new Recording Secretary for the Economic Development Committee. Approval of Minutes: April 3, 2013 2. Motion by Vice Chairperson Carroll, second by Monica Diamond, to approve the April 3, 2013, minutes as presented. The motion passed unanimously. Mindi suggested discussing Item 4 from the Regular Session prior to convening into Executive Session. The Committee conceded. REGULAR SESSION (Open to public) Chairperson Rohloff opened the Regular Session at 6:10 p.m. Incentive Policy Discussion 4. Per the Committee’s request, Mindi offered suggestions for sales tax rebates based on taxable sales. She presented the Committee with tables outlining sales tax thresholds related to retail and restaurants. While the retail examples were limited to one scenario, Mindi provided three (3) examples – Tables A, B, and C – of incentives for restaurants based on taxable sales. After discussion, the Committee agreed that Table B was the preferred option related to incentives for restaurants. EXECUTIVE SESSION (Closed to the public) Convene Executive Session 3. A. Section 551.087, Texas Government Code – Economic Development Negotiations 1. Economic Development prospects west of Gateway and Exchange 2. Economic Development prospects south of Houston Street and west of S. Coppell Road 3. Economic Development prospects north of Dividend and west of Belt Line Road 4. Economic Development prospects north of Lakeshore and west of Belt Line Road Chairperson Rohloff convened into Executive Session at 7:37 p.m. as under the above-stated article. Items 1-4 (above) were discussed. Chairperson Rohloff recessed the Executive Session at 8:15 p.m. and re-opened the Regular Session. REGULAR SESSION (Open to public) General Discussion and update on commercial and industrial projects 5. Mindi discussed current projects and where they are in the development process. ADJOURNMENT Motion by Jim Walker, second by Davin Bernstein, to adjourn the meeting at 8:30 p.m. The motion passed unanimously.