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BM 2000-08-21 EcDevCOPPELL ECONOMIC DEVELOPMENT COMMITTEE SPECIAL CALLED MEETING August 21, 2000 MINUTES The Coppell Economic Development Committee met at 7:00 p.m. on Monday, August 21, 2000 at the William T. Cozby Public Library, 177 Heartz Road, Coppell, Texas 75019. The following were present: Chad Beach, Bruce Bradford, Bill Herries, Karen Hunt, Stan Morton, Bill Rohloff, Gary Roden, Andrea Roy, Gary Sieb, City Manager Jim Witt and Councilmembers Marsha Tunnell and Doug Stover. Call to Order Chairman Bill Rohloff called the meeting to order at 7:01 p.m. Discussion and Update on Triple Freeport Tax Exemption Comments were made from City Staff. Chad Beach gave a review of the commitments that have been received from Freeport impacted companies to date. After the presentation, City Manager Jim Witt reviewed the status of the credit to the Coppell Independent School District and its impact on the final shortfall of revenue. He also stated that 13 developers were requested to contribute $18,700.00 each in order to cover any revenue shortfall that was anticipated. Mr. Beach then clarified the City's escrow participation in the escrow account and answered questions related to it. Bruce Bradford suggested that some type of gift be provided to those who participated in making Freeport happen in Coppell. Marsh Tunnell, Councilmember Liason was delegated to bring forth recommendations at the September meeting. Further discussion involved public appearances related to the completion of the Freeport task. The next update is scheduled for the City Council meeting of August 22,2000, at which time the escrow account will be adopted. The CISD board will meet on August 28, 2000 at which time they will be asked to adopt the escrow agreement. In mid-September, the city will transfer funds to an escrow account and on September 18, 2000, the CISD school board will take final action relating to the adoption of the resolution exempting freeport goods within the CISD tax boundaries and will then sign the agreements over to the City of Coppell. Adjournment The meeting adjourned at 7:50 P.M. Respectfully submitted, Scarlett Hovland Secretary COPPELL ECONOMIC DEVELOPMENT CO SPECIAL CALLED MEETIN( Monday, August 21, 2000 Meeting Time: 7:00 p.m. (Open to the Public) Meetiny. Place: Library Board Meeting Room William T. Cozby Public Library Gary Sieb Notice is hereby given that the Economic Development Committee will meet in a special called session on Monday, August 21, 2000 at 7:00 p.m., in the Library Board Meeting Room at the William T. Cozby Public Library, 177 Hearlz Road, Coppell, Texas. The purpose of the meeting is to consider the following items: Item 1: Call to Order Item 2: Discussion and Update on Triple Freeport Tax Exemption (Witt) 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, August 17, 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 audiovisual 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 Copped Ordinance No. 95724 Carrying of a concealed handgun on these premises or at any official political meeting in the City of Coppell is illegal. Fs ilegal llevar consign un arena de fuego oculta, adentro de este edificio, o en cualquier junta oficial de politica en la eiudad de Coppell. i