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BM 2000-03-05 EcDev *COPPELL ECONOMIC DEVELOPMENT COMMITTEE March 5, 2000 MINUTES The Coppell Economic Development Committee met at 6:00 p.m. on Wednesday, March 5, 2003 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. The following were present: Chairman Bill Rohloff, Gary Roden, Bruce Bradford, Kris Fichtner, Matt Hall, Mary Ann Kellam, Council member's Jayne Peters and Dave Herring, City Manager Jim Witt, Chad Beach, Gary Sieb, Andrea Roy, and Scarlett Hovland. Call to Order Bill Rohloff called the meeting to order at 6:05 p.m. 2. Approval of Minutes: March 5, 2003 It was moved by Bruce Bradford and seconded by Kris Fichtner that the minutes of the March 5, 2003 meeting be approved. The motion passed unanimously. 3. Consideration of a Tax Abatement for Dexas International, Ltd. • Andrea Roy explained that a request by Dexas International, Ltd. For tax abatement and economic development incentive grant for a 150,000 square -foot office/warehouse facility on approximately 12 acres within the Freeport North Business Park, located at the northwest corner of Creekview and Royal Lane be considered. • Chad Beach provided a summary of the estimated valuation of development. • A representative made presentation for Dexas International, Ltd. He explained that Dexas is a plastic manufacturer. Their largest commodity is the making of cutting boards and clipboards. They employ approximately 120 employees. Their current lease will end on December 31, 2003. • Discussion followed. It was moved by Gary Roden and seconded by Kris Fichtner that Dexas International, Ltd be granted a 5 -year, 75% tax abatement for both real and personal property. Bruce Bradford abstained from the vote. The motion passed. 4. Update on Marketing Events • Chairman Bill Rohloff shared the Dallas Business Journal that contained the City's advertisement. City Manager shared the results of the Dallas Business Journal 2002 Awards of which were: • BEST DEAL OF THE YEAR • Runner Un Duke Realty's The Container Store Project in Freeport North @ Freeport Pkwy Park • BEST NEW INDUSTRIAL DEVELOPMENT • Runner Ur) Duke Realty's Freeport North @ Freeport Pkwy Park • BEST HEADQUARTERS/CORPORATE CAMPUS MOVE • Winner Duke Realty's The Container Store Project 5. General Discussion, Other business, and update on development projects • A restaurant business considering Old Town for their location has found the site to not be accommodating and costs were also a concern. • Andrea shared that Jay Thompson had submitted a letter of resignation from the committee. • Bill Rohloff and Gary Roden attended the Mayor's Leadership Breakfast and shared that it was a successful event. • The ground breaking for the Container Store will take place on March 19, 2003. Adjournment With no further business to discuss, it was moved by Mary Ann Kellam and seconded by Bruce Bradford that the meeting adjourn. By unanimous vote, the meeting was adjourned at 6:50 p.m. Respectfully submitted, Scarlett Hovland Secretary COPPELL ECONOMIC DEVELOPMENT CO E I nh Wednesday, March 1, 2000 E �E0V Meeting Time: 7:00 p.m. (Open to the Public) FEB 2 5 2W Meeting Place: 2nd Floor Conference Room JR11 -o"'100AW"W" - -- I Coppell Town Center Notice is hereby given that the Economic Development Committee will meet in regular session on Wednesday, March 11 2000 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: February 16, 2000 Item 3: Discussion of Cornerstone Contract (Witt/Sieb) Item 4: Update on CISD Board action of February 28`x' with regards to Freeport Tax Exemption (Witt/Sieb) Item 5: General Discussion and Other Business (Sieh) Adjournment CERTIFICATE I certify that the above notice of meeting was posted at 12:00 p.m. on the bulletin board at the Town Center of the City of Coppell, Texas, on Friday, February 25, 2000. 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 Nevar consigo un arms de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la eiudad de Coppell.