June 12, 2013 EDC Board of Directors Agenda

Transcription

Sachse, Texas
Sachse City Hall
3815 Sachse Road
Building B
Sachse, Texas 75048
Meeting Agenda
Economic Development Corporation
Wednesday, June 12, 2013
6:30 PM
City Hall
The Economic Development Corporation of the City of Sachse will hold a Regular Meeting on
Wednesday, June 12, 2013, at 6:30 p.m. in the Council Chambers at the Sachse City Hall,
3815 Sachse Road, Building B, Sachse, Texas to consider the following items of business:
1.
Invocation and Pledge of Allegiance to the U.S. and Texas Flags
2.
Regular Agenda Items:
13-1577
Consider and take action on the minutes of the Sachse Economic
Development Corporation regular meeting of May 8, 2013 and a
Special Called Meeting of May 22, 2013.
Executive Summary
Consider approval of the meeting minutes for May 8, 2013 and
May 22,2013.
Attachments:
Minutes050813.pdf
MinutesSpecialMtg052213RRQZPH.pdf
13-1578
Reports and presentations by the Sachse Economic Development
Corporation President, Board Members and Executive Director
regarding special events, announcements and activities.
Executive Summary
The Sachse Economic Development Corporation President, Board
Members and Executive Director provide verbal reports regarding
special events, announcements and activities.
Attachments:
MedicaPressRelease.pdf
MedicaPresentation.pdf
ICSCReport2013.pdf
MonthlyReportJune2013.pdf
13-1579
Consider receiving the Monthly Revenue and Expenditure Report
for the period ending April 2013 and the summary Budget Report
for May 2013.
Executive Summary
The Sachse Economic Development Corporation Treasurer will
Sachse, Texas
Page 1
Printed on 6/6/2013
Economic Development
Corporation
Meeting Agenda
June 12, 2013
prepare reports each month to update the Sachse Economic
Development Corporation regarding revenues and expenditures.
Attachments:
MonthlyRevExp043013.pdf
Budget to Actual0513.pdf
ComericaBankCD0613.pdf
13-1580
A presentation by Carmen Moran, A.I.C.P., Director of
Development Services for the Town of Addison to talk about
redevelopment initiatives.
Executive Summary
Carmen Moran will talk about redevelopment initiatives
implemented by the Town of Addison and relate those initiatives to
possible redevelopment of Highway 78 corridor in Sachse.
Attachments:
13-1581
CarmenMoranBio.pdf
A presentation and discussion on a preliminary incentive policy for
recruitment of industrial development.
Executive Summary
Although the City of Sachse has a small industrial park, the
expansion of the park could be accelerated with an incentive policy
for industrial development.
Attachments:
IndustrialIncentivePolicyComparison.pdf
IndustrialIncentivePolicyPresentation.pdf
13-1582
Consider and take action regarding the Preliminary 2013-2014
Sachse Economic Development Corporation Annual Budget.
Executive Summary
The Board considers all matters of the annual budget.
Attachments:
13-1583
BudgetDraft2013-2014.pdf
Future agenda items.
Executive Summary
The Board lists topics of discussion for future meetings.
3.
Adjournment
State law prohibits the introduction or discussion of any item of business not posted at least
seventy-two (72) hours prior to the meeting time.
Posted: June 7, 2013; 5:00 p.m. Carlos Vigil, Executive Director ______________
Sachse, Texas
Page 2
Printed on 6/6/2013
Economic Development
Corporation
Meeting Agenda
June 12, 2013
If you plan to attend this public meeting and you have a disability that requires special arrangements at the
meeting, please contact Terry Smith, City Secretary at (972) 495-1212, 48 business hours prior to the scheduled
meeting date. Reasonable accommodations will be made to assist your needs.
Sachse, Texas
Page 3
Printed on 6/6/2013
Sachse, Texas
Sachse City Hall
3815 Sachse Road Building
B
Sachse, Texas 75048
Legislation Details (With Text)
File #:
13-1577
Type:
Version: 1
Name:
SEDC meeting minutes.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
Consider and take action on the minutes of the Sachse Economic Development Corporation regular
meeting of May 8, 2013 and a Special Called Meeting of May 22, 2013.
Executive Summary
Consider approval of the meeting minutes for May 8, 2013 and May 22,2013.
Sponsors:
Indexes:
Code sections:
Attachments:
Date
Minutes050813.pdf
MinutesSpecialMtg052213RRQZPH.pdf
Ver.
Action By
Action
Result
Title
Consider and take action on the minutes of the Sachse Economic Development Corporation
regular meeting of May 8, 2013 and a Special Called Meeting of May 22, 2013.
Executive Summary
Consider approval of the meeting minutes for May 8, 2013 and May 22,2013.
Background
Minutes of meetings are prepared in writing and distributed for approval.
Policy Considerations
Robert's Rules of Order.
Budgetary Considerations
None.
Staff Recommendations
Staff recommends approval of the meeting minutes for May 8, 2013 and May 22, 2013.
Sachse, Texas
Page 1 of 1
Printed on 6/6/2013
powered by Legistar™
MINUTES OF THE REGULAR SCHEDULED MEETING OF THE
BOARD OF DIRECTORS OF THE
SACHSE ECONOMIC DEVELOPMENT CORPORATION
Wednesday, May 8, 2013 – 6:30 P.M.
STATE OF TEXAS§
COUNTIES OF DALLAS AND COLLIN§
The Board of Directors of the Sachse Economic Development Corporation convened in a public meeting at
6:30pm on Wednesday, May 8, 2013, notice of the meeting having been posted as prescribed at Sachse City
Hall, 3815 Sachse Road, Building B, Sachse, Texas as required by Chapter 551, Local Texas Government Code.
The roll of the duly constituted members of the Board of Directors was called, which members are as follows,
to-wit:
Eric Dumois
Spencer Hauenstein
Suzanne Politz
Jared Patterson
Mark Caldwell
Carlos Vigil, Executive Director
Kenneth Thomas
Brian Poff
Call the meeting to order at 6:30pm. Mr. Dumois called the meeting to order.
1) Invocation and Pledge of Allegiance to the U.S. and Texas Flags. Mr. Patterson led the group in the
invocation. Mr. Poff led the group in the Pledge of Allegiance.
2) Regular agenda items:
13-1516 - Consider and take action on minutes of the Sachse Economic Development Corporation meeting
for April 10, 2013.
Mr. Patterson noted that Spencer’s last name was left off the motion to adjourn. Mr. Poff noted
that item 13-1470 did not state who had seconded.
Mr. Patterson made a motion to approve the minutes with the noted changes. Mr. Caldwell
seconded and the motion was approved unanimously.
13-1517 - Reports and presentations by SEDC President, Board Members, and Executive Director regarding
special events, announcements and activities.
(a)
President – Mr. Dumois announced the Chamber golf tournament; Bike Rodeo; voting
times; Pet Shot Clinic; Seniors Sock Hop; City offices closing; Water restrictions;
attendance at ICSC by Mr. Hauenstein and Mr. Vigil.
(b)
Board Members
(c)
Executive Director – Mr. Vigil reviewed the on-going projects as reported in the written
report in the agenda packet. Mr. Dumois asked about scheduling a strategic planning
session later in the year.
13-1518 - Consider receiving the Monthly Revenue and Expenditure Report for the period ending March
2013 and the summary Budget Report for April 2013.
Teresa Savage was present to review all the financial reports in the agenda packet. There were not
any questions or discussions held. Mr. Hauenstein made a motion to approve the Monthly
Revenue and Expenditure Report and the Budget Report as presented. Mr. Poff seconded and the
motion was approved unanimously.
Minutes050813
Page 1 of 3
13-1519 - A presentation by Clayton Collins on the real estate inventory data base for Highway 78.
Mr. Collins presented the real estate inventory and provided an update of all the research that was
performed to date on all the property along Highway 78 in the City of Sachse. Mr. Collins noted
that information collected on all the properties. A short discussion followed about the next step to
take for beautification and redevelopment efforts. Everyone provided a different perspective on
the improvements that need to be implemented in order to create a more appealing transportation
corridor and be inviting to businesses and their customers. A suggestion was made to talk with
other cities who have gone through similar redevelopment efforts and invite them to speak with
the Board. It was suggested to set aside funds for beautification and redevelopment strategies. It
was suggested to develop a wish list of the top 10 items that would make the most impact. Mr.
Thomas volunteered to serve on a committee with Mr. Vigil to develop the wish list. Mr. Dumois
also agreed to meet and provide input. No other action was taken.
13-1520 – Consider and take action regarding the Preliminary 2013-2014 Sachse Economic Development
Corporation Annual Budget.
Mr. Vigil presented the overall budget as was approved for 2012-2013. He talked about how the
budget was within the approved amounts and that there was not any one line item over budget.
He also noted that the SEDC budget was different than any city department budget due to the
nature of business negotiations and that there may be a requirement to act on an expenditure and it
is necessary to have funds available without having to get preliminary approvals at regularly
scheduled meetings. It was suggested to include items that the City of Sachse may want to
request, and also set aside funds for the Highway 78 project. A short discussion was held on
holding a strategic planning session and allowing funds for a facilitator. Mr. Vigil stated he
would revise the budget and make another presentation at the next meeting to get preliminary
approval to take to the City Council at the June budget workshop. No action was taken.
13-1527 - Convene Executive Session pursuant to the provisions of Texas Government Code: Deliberation
regarding economic development discussion of commercial and retail projects to be located
generally along vacant land tracts bordering the north side and south side of the President George
Bush Turnpike within the City of Sachse.
At 7:53 Mr. Hauenstein made a motion to Convene Executive Session. Mr. Thomas seconded
and the motion was approved unanimously.
13-1528 - Convene open session and consider any action necessary as a result of Executive Session.
At 8:29pm Mr. Patterson made a motion to Convene Open Session. Mr. Poff seconded and the
The Board suggested that Mr. Vigil contact LARC and the North Place Church representatives for
discussions about development of the Sachse Sports Station. There was not any action taken
13-1521 - Consider and take action regarding Sachse Economic Development Corporation real estate being
approximately 3.75 acres located at 2 Ben Davis Road, Sachse, Texas.
Several ideas were proposed about the land that the SEDC owns. Mr. Thomas suggested that we
contact the YMCA. Mr. Hauenstein suggested that the property be listed for sale after an
appraised value is determined. Mr. Vigil he needed to have the unanimous vote of the Board to
contract for an appraisal and survey if the property was going to be listed for sale. Mr. Caldwell
made a motion to expend funds for the appraisal and survey. Mr. Thomas seconded and the
Minutes050813
Page 2 of 3
13-1522 - Convene Executive Session pursuant to the provisions of Texas Government Code Section
551.072: Deliberation regarding the purchase, exchange, lease, or value of real property owned by
the Sachse Economic Development Corporation.
The Board did not Convene Executive Session
13-1523 - Convene open session and consider any action necessary as a result of Executive Session.
No action taken.
13-1524 - Convene Executive Session pursuant to the provisions of the Texas Government Code Section
551.074 relating to the personnel matters: Discuss semiannual evaluation of the Executive
Director.
At 8:41pm Mr. Poff made a motion to Convene Executive Session. Mrs. Politz seconded and the
motion carried unanimously.
13-1525 - Convene Open Session to consider and take action as a result of Executive Session.
At 9:29pm Mr. Poff made a motion to Convene Open Session. Mr. Thomas seconded and the
motion carried unanimously.
No action taken.
13-1526 - Future agenda items.
Arnold Automotive sign grant application.
Land appraisal information on SEDC property.
LARC update.
Highway 78 wish list.
City Planner presentation.
ICSC Report.
2) Adjourn
At 9:32pm Mr. Patterson made a motion to adjourn. Mr. Hauenstein seconded and the motion was approved
unanimously.
______________________________
Eric Dumois, President
Minutes050813
____________________________
Carlos D. Vigil, Executive Director
Page 3 of 3
MINUTES OF THE SPECIAL CALLED MEETING
OF THE BOARD OF DIRECTORS OF THE
SACHSE ECONOMIC DEVELOPMENT CORPORATION
Wednesday, May 22, 2013
STATE OF TEXAS§
COUNTIES OF DALLAS AND COLLIN§
The Board of Directors of the Sachse Economic Development Corporation convened in a Special Called Meeting at
6:30pm on Wednesday, May 22, 2013, notice of the meeting having been posted as prescribed at Sachse City Hall, 3815
Sachse Road, Building B, Sachse, Texas as required by Chapter 551, Local Texas Government Code. The roll of the duly
constituted members of the Board of Directors was called, which members are as follows, to-wit:
Kenneth Thomas
Jared Patterson
Darrell Lensch
Eric Dumois
Mark Caldwell
Brian Poff
Suzanne Politz
Carlos Vigil, Executive Director
Call the meeting to order: At 7:05pm Mr. Thomas called the meeting to order. Mr. Patterson and Mrs. Politz were noted
as being absent.
1) Invocation and Pledge of Allegiance to the U.S. and Texas Flags. Mr. Thomas led the group in an invocation. Mr.
Hauenstein led the group in the Pledge of Allegiance.
2) Regular agenda items:
13-1549 Conduct Public Hearing regarding a funding request for a project for the City of Sachse for a
Railroad Quiet Zone along the Kansas City Southern Railroad parallel with Highway 78 for an amount not to
exceed $142,450.00.
Mr. Dumois invited Mr. Billy George to present the funding request for the Railroad Quiet Zone funding request. Mr.
George gave a brief outline of the project and the request for funding.
Mr. Dumois opened the public hearing invited anyone to speak in favor or in opposition to funding this request by the
SEDC.
There was not any other present to speak for or against the funding request.
At 6:34pm Mr. Dumois closed the public hearing.
13-1550 – Consider and take action regarding a Resolution approving a Project Development Agreement for a
funding request for a Railroad Quiet Zone.
Mr. Hauenstein made a motion to approve by Resolution #0522 the funding for the City of Sachse for a Railroad Quiet
Zone for an amount not to exceed $142,450.00 and to make a recommendation to the City Council for approval. Mr.
Thomas seconded and the motion carried with a unanimous vote of the four members present.
At 6:46pm Mr. Poff made a motion to adjourn. Mr. Hauenstein seconded and the motion carried with a unanimous
vote of the four members present.
APPROVED:
ATTEST:
___________________________
Eric Dumois, President
Sachse Economic Development Corporation
__________________________
Carlos D. Vigil, Executive Director
Page 1 of 1
Sachse, Texas
Sachse City Hall
B
Sachse, Texas 75048
File #:
13-1578
Type:
Version: 1
Name:
SEDC Reports and Presentations.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
Reports and presentations by the Sachse Economic Development Corporation President, Board
Members and Executive Director regarding special events, announcements and activities.
Executive Summary
The Sachse Economic Development Corporation President, Board Members and Executive Director
provide verbal reports regarding special events, announcements and activities.
Sponsors:
Indexes:
Code sections:
Attachments:
Date
MedicaPressRelease.pdf
MedicaPresentation.pdf
ICSCReport2013.pdf
MonthlyReportJune2013.pdf
Ver.
Action By
Action
Result
Title
Reports and presentations by the Sachse Economic Development Corporation President,
Board Members and Executive Director regarding special events, announcements and
activities.
Executive Summary
The Sachse Economic Development Corporation President, Board Members and Executive
Director provide verbal reports regarding special events, announcements and activities.
Background
Announcements are made at this time only for information purposes.
There is no action or discussion of topics presented.
None.
None.
Sachse, Texas
Page 1 of 1
Printed on 6/6/2013
Press Release
Contact: Paul McCleary (972.499.6309)
[email protected]
INCEPTA HEALTHCARE ANNOUNCES NEW MEDICAL CENTER
TO BE BUILT IN THE CITY OF SACHSE, TEXAS
Sachse Regional Medical Center to be the city’s first hospital
Sachse, TX –Incepta Healthcare is proud to announce the development and operation of
the first general acute care hospital to be located in Sachse, Texas. Sachse Regional
Medical Center, will anchor a new 35-acre integrated medical services campus being
developed by Medica Development, LLCat the intersection of Miles Road and the
President George Bush Turnpike in Sachse, Texas.
The new 80,000 square foot hospital will provide 24 general acute care
inpatient/observation beds, a 24-bed emergency department, 2 surgical suites and fullservice diagnostic capabilities: MRI, CT Scan, Nuclear Medicine, Ultrasound and Digital
X-Ray, available 24/7 to serve inpatients and outpatients. The hospital also will include a
full laboratory and blood bank, pharmacy and dietary department/cafeteria.
The hospital will be complemented by medical offices, as well as post-acute and ancillary
care facilities, that will ultimately provide a wide range of medical services for patients of
all ages.
“We are excited to have this unique opportunity to join with the City of Sachse, our project
teammates and leading medical professionals to serve as a hometown healthcare resource
to this vibrant community and surrounding area,” said Incepta Healthcare CEO,David S.
Wanger. “We are especially privileged to play a role in supporting the continued growth,
prosperity and well-being of Sachse.” In addition to the commercial development, Sachse
Regional Medical Center will create 250 new jobs and add significantly to the area’s
growing tax base.
William W. (Bill) Persefield, CEO of Medica Development and a longtime resident of
the area, added, “Sachse Regional Medical Center and the medical campus that it anchors
are intended to address the underserved medical needs of the Sachse community. We
look forward to being a significant contributor to the health and well-being of the
residents of Sachse and surrounding communities.”
Sachse Regional Medical Center is scheduled to open in September of 2014.
ABOUT INCEPTA HEALTHCARE
Incepta Healthcare is a provider of acute care hospital services whose culture of speed and
quality results in a timely, high-touch patient experience in state-of-the-art facilities and
fosters innovation at all personnel levels.
ABOUT SACHSE REGIONAL MEDICAL CENTER
Sachse Regional Medical Center is a private acute care community hospital providing
twenty-four inpatient beds and twenty emergency care beds to meet the healthcare needs
of Sachse, Texas and the surrounding community.
ABOUT MEDICA DEVELOPMENT, LLC
Founded in 2007 by veteran healthcare architect William W. “Bill” Persefield, AIA,
ACHA, ASHE, NCARB, Medica Development, LLC is a Texas-based development
company that specializes in build-to-suit medical facilities for a national clientele of
operators, managers, owners and investors of acute and post-acute hospitals, surgery
centers, clinics and ancillary facilities. Visit Medica on the web at
www.medicadevelopment.com.
###
Sachse Regional Medical Center
An Incepta Healthcare Hospital
Developed by Medica Development, LLC
in
Sachse,Texas
Sachse Regional Medical Center Site
• 35 Acre Site Currently Under Contract
• Location: President George Bush Turnpike and Miles Road
Proposed
Sachse Regional
Medical Center
Site
Sachse Regional Medical Center Team
• Developer:
Medica Development, LLC
• Operator:
Incepta Healthcare, LLC
• Architect:
Curtis Group Architects
• Engineers:
Walter P. Moore (Structural)
SSR (Mechanical/Electrical)
Kimley-Horn (Site / Civil)
• Contractor:
Rogers-O’Brien Construction Company
What is Sachse Regional Medical Center?
• Full-Service General Acute Care Hospital
• Twenty-Four (24) General Acute Care Licensed Inpatient Beds
• Twenty-Four (24) Full Emergency Department Beds
• Two (2) Surgical Suites
• Licensed by Texas Department of Health Services
• Certified by U.S. Centers for
Medicare and Medicaid Services
(“CMS”) for participation
Sachse Regional Medical Center Services
• Inpatient and Outpatient Medical Services
• Full-Service Laboratory and Blood Bank
• Full Range of Diagnostic Services (available 24/7)
• MRI
• CT Scan
• Nuclear Medicine
• Ultrasound
• Digital X-Ray
• Pharmacy
• Dietary Department
Niche General Acute Care Medicine
• Hospital is highly efficient and smaller by design, with future
expansion capabilities
• Proven model to deliver state-of-the art emergency medicine
services backed by a “no wait” service guarantee
• Speed is a core element of high quality, patient-centered care
• Fully complies with the Patient Affordability Healthcare Act
• Nimble and able to offer full battery of community hospital services
to care for residents of Sachse and nearby area
• Proactively complements larger, more specialized hospitals in the
service area
• Full transfer agreements with surrounding facilities provide
mechanism for caring for higher-acuity patients
• Majority of medical staff anticipated to be Board Certified
Anticipated Community Impact of SRMC
• Job Creation: 250 new FTE employment positions in initial phase
• Generally higher salary, higher educated positions, with a Year One
payroll of $14 million
• Anticipated first year gross revenues: $160 million
• Anticipated first year net revenues: $64 million
• Banking locally, which means bringing in outside Federal, State and
Insurance monies
Anticipated Community Impact of SRMC
• Attracting physicians and healthcare professionals to reside in Sachse
• SRMC will anchor a full medical campus, including:
•
•
•
•
•
Two Medical Office Buildings
Surgical Hospital
Long-Term Acute Care Hospital
Physical and Occupational Rehabilitation Hospital
Assisted Living + Memory Care Facilities
Going Forward
• The Operations Team from Incepta and Sachse Regional Medical
Center look forward to the start of our collaborative relationship
with the City of Sachse, beginning with:
• In-Depth Operational Overview in July 2013
• 90-Day Updates during Construction
• Invitations to Major Milestone Events
• Participation in Hospital Advisory Board Activities
• Community Health Screenings and Health Education Events
Discussion
Thank You!
May 23, 2013
International Council of Shopping Centers Report
Overall, the attendance by Spencer Hauenstein, VP of the SEDC and Carlos
Vigil was positive for the meetings held and optimistic for future
development.
We held 11 scheduled meetings with retailer representatives and cold called
on several others that would meet with us.
Below is a synopsis of the meetings:
Costco Wholesale – Meeting with Steve McArthur, Master Broker. The
market trade area for the Rockwall and Plano stores border each other in
Sachse and they do not want to take away from either store by building in
Sachse. The Sam’s stores around the area of each store provide too much
competition for them to build another store.
Best Western – Interest in building after the development of the projects on
the PGBT. Will be looking for incentives to attract a franchisee and will need
to have a hotel feasibility analysis performed.
Fazoli’s Restaurant – A restaurant operation that can be corporate or
individual franchise with a capital investment of $250 to 750k. Will require
an inline center building location of approximately 2400sf and will require a
drive through.
Arby’s – One person has purchased 50 existing locations within the Sachse
area. The corporate office will offer him the Sachse district as soon as he
proves to the corporate office that he can sustain the ones purchased.
Academy – There is a store being built on Garland Road and Naaman Road.
They are going to monitor the store for a few months to determine the need
for another store. They received the site plans for the proposed
Page 1
development next to the future Walmart and like the idea of being in that
location.
Steak N’ Shake – Currently, the corporate requirement is 25 miles between
restaurants and Sachse is too close to the Rockwall location. They are
considering relaxing the 25 mile distance requirement and are trying that in
Tyler and Texarkana. They opened 25 stores last year, 40 this year and
propose 100 for next year. A franchise operation cost $40k for the license
and $1.2 to $1.6M investment.
Marriott Corporation – At this time, Sachse is suited for a Fairfield Inn &
Suites, but could be upgraded if the population and trade area changes. The
proposed new developments of medical and sports venues will be a good
catalyst for a hotel. There is a possibility to include a conference center with
the development.
Jack in the Box – We met with the scheduled representative however she
referred us to another contact who was not at the conference. I will follow
up with them at a later time. Some of the stores are individual franchises
and others are corporate.
YUM! Brands – They are the corporate owners of Pizza Hut, KFC and Taco
Bell. Each restaurant has their own broker and we could only meet with the
Pizza Hut broker, David Rowell, however if he can determine that the market
supports any of the others they will share the information. At this time, KFC
is not considering any new fried chicken restaurants. They are introducing a
new concept and will have to prove its market acceptance before considering
the small urban markets. Sachse is a growing market for a Taco Bell and
will be considered. Pizza Hut will schedule to tour the city for another
location in the proposed new development across from Walmart.
Safeway – They manage the Randall’s and Tom Thumb stores. The Randall’s
store in Murphy is too close for another location in Sachse.
Cato Fashions – They have considered the Sachse market and are interested
in the new retail development. They have been considering Fire Wheel. One
of their requirements is to be close to a grocery store operation. They
wanted to be next to the Kroger’s store but did not find the square footage
they needed.
Corner Bakery – They like the demographics of Sachse and will consider the
proposed new retail development. Although the broker for Corner Bakery
was not available for a meeting, we obtained the Texas representative
Page 2
contact information. They asked us to submit the site plans on the new retail
development for consideration.
Moe’s Restaurant – Sachse fits their market requirements and are interested
in the new retail development. They want to consider other sites as well so
have asked for us to submit the real estate information for available sites
that may be a good location for one of their restaurants.
Ace Hardware – Their stores are franchisee owned. The rents on these
locations need to be triple net and must be $9.00/SF in order for a store to
generate $1m in sales/year. They asked for me to send them a real estate
package for further consideration.
Kossman Development – This developer opened the shopping mall in
Mansfield and Waxahachie. They may be interested in Sachse Sports
Station and want to review the concept plans and feasibility study.
Schostak Brothers & Company – This is a retail developer who typically
develops around Walmart stores. Contact him again after the Walmart has
started construction.
Edge Realty – I keep in contact with Josh Flores of this company in Dallas
and he was not aware of all the new development in Sachse. We will
schedule a time to meet and tour Sachse for possible developments.
Venture Realty – Joe Berry has been a contact with Venture for three years
and although we missed meeting with him at the conference I will schedule a
meeting to update him on the new developments in Sachse.
7-11 Convenience Store – A meeting with Mike Triantafellou, Senior Director
Regional Development Lone Star Zone, who stated that he “killed” the deal
for developing in Sachse due to the many requirements for development.
After the expense of $100K, they felt it was better to walk away. They are
willing to meet with us and show all the money spent on the project. I will
schedule a meeting with city representatives and 7-11.
Dunkin Donuts – They need morning traffic counts on Highway 78. Will
consider the end cap to a shopping center or a free standing conversion.
The store model ranges from 800SF to 1100SF.
Jimmy Johns – They have asked to see a marketing package with
demographics and maps that show residential concentrations.
LA Fitness – This group is in discussions with Bob Colley about a lease at the
proposed development next to the Walmart.
Page 3
Famous Footwear – Are very interested in the proposed new development as
soon as it opens. Send site plans for review and consideration.
La Madeleine – This restaurant is under the LeDuff group and will consider
the proposed new retail development when it opens. They asked for site
plans and demographic analysis.
Page 4
On-going SEDC and City Projects
June 12, 2013 Update
Leisure and Recreation Concepts (LARC) – Mr. Jenkins has indicated he has
developers who are interested in this development. He will be contacting those that are
interested and send our way for further discussion. He is talking with Children’s Hospital
Group about subdividing the land for the sports station. I have been in contact with
Northplace Church, Bryan Jarrett for values on the 70 acres.
Highway 78 Beautification – Carmen Moran will be talking to the SEDC Board about
redevelopment efforts that occurred in Addison and talk about the steps and goals to
implement a strategy for redevelopment and beautification of Highway 78.
Industrial Development Incentive Policy – The draft policy will be presented to the
Board for discussion.
Woodbridge and Cody Lane extension –The city engineer is coordinating with the
developer and the contractor regarding the SH 78/Woodbridge Parkway intersection. Final
walkthrough will be requested by the Developer soon.
Lizzie B’s Florist (Variance) – variance for parking approved by Zoning Board of
Adjustment. Lizzie will proceed with remodeling plans.
Frankie’s Restaurant (Variance) – variance for patio approved by Zoning Board of
Adjustment. Will proceed with design plans.
Mansions Multifamily Development (Preliminary Plat) – to be considered by the City
Council at a future date.
Sambina Brookview – The anniversary date for completion of the project is August 10,
2013. No activity to date.
Church’s Chicken (Building Permit) – Currently under construction.
Wal-Mart (Sign Variance) – the applicant has requested a postponement until a future
meeting. This item is tentatively scheduled to go on the July 1 City Council meeting.
Wal-Mart (Building Permit) – issued engineering comments to the consulting engineer.
Barnyard Gate Daycare 4693 Bunker Hill – received engineering plans.
Pirkey Vet Clinic – Construction of private improvements is ongoing.
Glen Carr House of Sachse – Construction has begun. The building will not be able to go
vertical until the final plat has been approved and filed for record.
DeFeo Property/Ranch Road –Staff is working with the developer to prepare the first
draft of this Agreement. The City Attorney is preparing a draft of this agreement, which is
tentatively scheduled to proceed to City Council for consideration in July 2013.
North Place Church – A Final Plat Application was submitted. This item is expected to go
before Planning and Zoning Commission on June 10 for final approval.
MonthlyReportJune2013
SEDC Property – The survey has been ordered from Precise Land Surveying, Inc. ANB
will provide comparable on values for the land without a complete appraisal cost.
Subway Restaurant – Open for business.
Weekly SEDC Project Report
May 3, 2013
Economic Development Corporation:











Attended management leadership meeting with department directors. All directors
share of ongoing activities in their departments.
Bi-weekly meeting with city manager to discuss on-going projects.
Meeting with Carmen Moran, City Planner, Town of Addison, discuss vision and
strategic goal planning processes for business development and recruitment.
Compiled agenda for legistar posting.
Received revisions to SEDC economic development contract for Railroad Quiet
Zone.
Posting of agenda.
Attended city staff meeting and Verizon service representatives to discuss
telephone service and reception issues.
Managing small revisions to impact video with inclusion of additional photographs.
Processing purchase orders for payment of membership dues, subscriptions and
marketing advertisements.
Meeting with a prospective day care operating inquiring about available property.
Coordinating with Bob Colley Development for retailer meetings for ICSC.
May 17, 2013










Made a presentation at the monthly Chamber of Commerce Luncheon.
Bi-monthly meeting with the city manager for update on current projects.
Meeting with Anne Ricker and Mark Bowers on strategic economic planning for
redevelopment of Highway 78 by leveraging investments for highest ROI.
Attended free workshop on “Balancing Land Use with Financial Health” sponsored
by North Central Texas American Planning Association.
Reached out to the YMCA to talk about use of the SEDC land. Will schedule to
discuss next week with Carmelita Gallo.
Coordinating with Chamber of Commerce for joint ad publication. Cost sharing for
¼ page ad in “In and Around” magazine for June.
Scheduling to meet with Michael Jenkins of LARC to discuss Sachse Sport Station
development.
Contacted Greg Allen of Harbor House Restaurant and Country Club Café about
opening Sachse location. Will visit next week to discuss and look at possible
locations.
Confirmation of scheduled meetings for ICSC conference.
Finalizing meeting minutes from May 8 SEDC regular meeting.






Listing agenda packet for public hearing meeting on legistar. Posting to web and
front cabinet.
Researching for appraiser and surveyor to determine cost and boundaries of the
SEDC property located on Ben Davis Road. The SEDC Board is exploring the idea
of selling the land.
Working with Teresa Savage to send annual compliance letter and report to
Elizabeth Sorrels, Dallas County Appraisal District.
Coordinating with Bob Colley Development for joint meetings at the ICSC
conference and meeting with retailers.
Provided real estate analysis on Sachse Christian Church to Woodbridge Bible
Fellowship Church for possible purchase.
Scheduling Town of Addison city planner, Carmen Moran to speak at June SEDC
Board meeting.
Weekly Project Report
May 23, 2013









Requesting bids for appraisal and surveying the SEDC land for consideration of
listing for sale.
Attended ICSC conference. Scheduled meetings with retailers and cold calling on
others. Will provide more detailed report at a later time.
Held Public Hearing on Railroad Quiet Zone. Will present to the City Council at
June 3rd meeting.
Listing Railroad Quiet Zone on legistar for City Council approval.
Phone conversations with YMCA representative about use of SEDC land.
Follow up letters and promotional packages to ICSC contacts.
ICSC report.
Continue to contact YMCA but missing each other’s telephone calls.
Have reached out to LARC but office states that Mr. Jenkins has been traveling but
will return call when he is back in the office.
May 31, 2013








Sent thank you e-mails to all contacts from ICSC.
Sent promotional marketing packages to contacts from ICSC.
Compiled ICSC report for distribution.
Contacted Michael Jenkins of LARC. Will schedule meeting when available.
Telephone discussion with Greg Allen for restaurant location in Sachse. Mr. Allen owns
Harbor House restaurant in Lavon and Country Café in St. Paul and would like to open a
location in Sachse.
Meeting with International Leadership of Texas Superintendent for building location in
Sachse. They require a 20k SF building to be operational by August.
Telephone discussion with DFW Warriors for multi-sports training and development
facility. Will schedule meeting with investors to discuss in more detail.
Ditmar Sports surveying Sachse for a 5 star impact sports compound/hotel. Will meet
after review of feasibility study and regional demographics.










Compiling budget revisions for SEDC Board review.
Initiated land survey for SEDC tract with Precise Land Surveying.
Requested land sale comparable from American National Bank for SEDC land. American
National Bank has agreed to provide comparable land sales for area adjoining the SEDC
property with the sale of the Glen Carr Memory Care Facility and the Barn Yard daycare.
Submitted Schedule A & B of last transaction of SEDC property for surveying company to
begin survey.
Listed on legistar Railroad Quiet Zone agenda item #13-1560 and SEDC staff update
(#13-1570).
Coordinating with Carmen Moran, Addison City Planner for SEDC presentation at June 12
meeting.
Reached out to Carmelita Gallo of the YMCA for discussion of use of SEDC land. We keep
missing each other’s calls. Will continue to connect.
ICSC briefing with Bob Colley, Colley Development (adjacent to Wal-Mart). Mr. Colley is
reviewing the ICSC report that I submitted and will be sending the site plans and retail
development package to prospective retailers.
Provided marketing package for Bluestone real estate development and construction firm
based in Sherman looking to expand into high-growth areas around DFW.
Preparing for SEDC update to the City Council for Monday, June 3, 2013.
Sachse, Texas
Sachse City Hall
B
Sachse, Texas 75048
File #:
13-1579
Type:
Version: 1
Name:
SEDC Budget reports.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
Consider receiving the Monthly Revenue and Expenditure Report for the period ending April 2013 and
the summary Budget Report for May 2013.
Executive Summary
The Sachse Economic Development Corporation Treasurer will prepare reports each month to update
the Sachse Economic Development Corporation regarding revenues and expenditures.
Sponsors:
Indexes:
Code sections:
Attachments:
Date
MonthlyRevExp043013.pdf
Budget to Actual0513.pdf
ComericaBankCD0613.pdf
Ver.
Action By
Action
Result
Title
Consider receiving the Monthly Revenue and Expenditure Report for the period ending April
2013 and the summary Budget Report for May 2013.
Executive Summary
The Sachse Economic Development Corporation Treasurer will prepare reports each month
to update the Sachse Economic Development Corporation regarding revenues and
expenditures.
Background
Included in this report are the monthly Revenue and Expenditure Report and the summary
Budget Report.
The budget of the Corporation is approved by the Board, and they maintain knowledge of
ongoing revenues and expenses.
To date revenues are on target and operating budget expenditures are below approved
budget.
Sachse, Texas
Page 1 of 2
Printed on 6/6/2013
File #: 13-1579, Version: 1
Staff recommends that the Board receive Monthly Revenue and Expenditure Report for the
period ending April 2013 and the summary Budget Report for May 2013.
Sachse, Texas
Page 2 of 2
Printed on 6/6/2013
Budget to Actual
Account Summary
City of Sachse
For Fiscal: 2012-2013 Period Ending: 05/31/2013
Prior Year
Budget
Prior Year
Actual
2012-2013
Budget
MTD
Activity
YTD
Activity
Encumbrances
Percentage
Remaining Balance
Fund: 06 - ECONOMIC DEVELOPMENT FUND
Revenue
000 - Non-Departmental
06-000-40060
Sales Tax
06-000-45000
Interest Income
000 - Non-Departmental Total:
380,664.00
7,500.00
388,164.00
372,122.34
5,867.44
377,989.78
410,273.00
7,500.00
417,773.00
47,333.22
-1,067.61
46,265.61
289,335.60
4,411.03
293,746.63
0.00
0.00
0.00
70.52 %
58.81 %
70.31 %
120,937.40
3,088.97
124,026.37
Revenue Total:
388,164.00
377,989.78
417,773.00
46,265.61
293,746.63
0.00
70.31 %
124,026.37
6/4/2013 11:12:14 AM
Page 1 of 4
Budget to Actual
Prior Year
Budget
Prior Year
Actual
2012-2013
Budget
MTD
Activity
YTD
Activity
Encumbrances
Percentage
Remaining Balance
Expense
019 - Economic Development Services
06-019-50000
Wages and Salaries
06-019-50010
Overtime
06-019-50030
Longevity Pay
06-019-50050
Social Security and Med Fica Contributions
06-019-50060
TMRS Contributions
06-019-50070
Health Insurance
06-019-50080
Dental Insurance
06-019-50100
Workers Compensation
06-019-50110
Unemployment Tax
06-019-51030
Utilities - Communications
06-019-51050
Office Supplies
06-019-51070
Postage
06-019-51230
Business Retention Efforts
06-019-51400
Special Programming Supplies
06-019-51510
Small Tools and Equipment
06-019-51550
Fuel and Lubricants
06-019-51800
Dues and Subcriptions
06-019-51810
Employee Training
06-019-52000
Vehicle Repairs and Maintenance
06-019-53002
Professional Fees
06-019-53060
Printer Services
06-019-53380
Advertising and Legal Publications
06-019-53600
Copier Rental & Maint
06-019-54500
Local Business Grant Program
06-019-55000
Operating Transfer Out - General Fund
019 - Economic Development Services Total:
85,000.00
0.00
0.00
6,503.00
9,545.00
0.00
0.00
335.00
180.00
1,008.00
2,000.00
2,000.00
2,500.00
5,000.00
1,000.00
0.00
3,580.00
8,750.00
800.00
66,638.00
2,500.00
68,000.00
0.00
194,000.00
56,401.00
515,740.00
87,675.89
0.00
76.00
6,596.95
9,662.37
5,709.58
7.02
304.68
261.00
1,552.59
553.28
48.34
0.00
139.69
0.00
195.47
2,870.00
1,819.24
118.16
62,685.70
109.19
8,159.50
0.92
14,505.00
56,064.00
259,114.57
86,962.00
0.00
124.00
6,662.00
9,896.00
4,914.00
3,304.00
343.00
261.00
1,500.00
2,000.00
2,000.00
2,500.00
5,000.00
1,000.00
0.00
3,580.00
8,750.00
500.00
57,000.00
2,500.00
66,500.00
0.00
164,000.00
56,570.00
485,866.00
7,689.40
0.00
0.00
587.89
751.26
365.48
0.00
0.00
1.15
54.00
34.98
0.00
0.00
0.00
0.00
0.00
795.00
273.20
0.00
0.00
425.00
2,745.00
0.00
0.00
4,680.00
18,402.36
61,971.63
46.23
124.00
4,751.04
6,413.20
3,028.42
0.00
313.67
14.46
799.08
352.73
0.00
0.00
0.00
619.00
88.74
3,255.00
2,792.40
138.96
10,433.75
621.93
14,132.68
6.04
0.00
37,440.00
147,342.96
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
100.00
0.00
0.00
0.00
100.00
71.26 %
0.00 %
100.00 %
71.32 %
64.81 %
61.63 %
0.00 %
91.45 %
5.54 %
53.27 %
17.64 %
0.00 %
0.00 %
0.00 %
61.90 %
0.00 %
90.92 %
31.91 %
27.79 %
18.30 %
24.88 %
21.25 %
0.00 %
0.00 %
66.18 %
30.33 %
24,990.37
-46.23
0.00
1,910.96
3,482.80
1,885.58
3,304.00
29.33
246.54
700.92
1,647.27
2,000.00
2,500.00
5,000.00
381.00
-88.74
325.00
5,957.60
361.04
46,566.25
1,878.07
52,367.32
-6.04
164,000.00
19,130.00
338,523.04
Expense Total:
515,740.00
259,114.57
485,866.00
18,402.36
147,342.96
100.00
30.33 %
338,523.04
Fund 06 Revenue Over/(Under) Expenses
-127,576.00
118,875.21
-68,093.00
27,863.25
146,403.67
-100.00
-215.01 %
-214,496.67
Total Revenue Over/(Under) Expenses:
-127,576.00
118,875.21
-68,093.00
27,863.25
146,403.67
-100.00
-215.01 %
-214,496.67
6/4/2013 11:12:14 AM
Page 2 of 4
Budget to Actual
Group Summary
Prior Year
Budget
Prior Year
Actual
2012-2013
Budget
MTD
Activity
YTD
Activity
Encumbrances
Percentage
Remaining Balance
Revenue Total:
388,164.00
388,164.00
377,989.78
377,989.78
417,773.00
417,773.00
46,265.61
46,265.61
293,746.63
293,746.63
0.00
0.00
70.31 %
70.31 %
124,026.37
124,026.37
Expense Total:
515,740.00
515,740.00
259,114.57
259,114.57
485,866.00
485,866.00
18,402.36
18,402.36
147,342.96
147,342.96
100.00
100.00
30.33 %
30.33 %
338,523.04
338,523.04
Fund 06 Revenue Over/(Under) Expenses
-127,576.00
118,875.21
-68,093.00
27,863.25
146,403.67
-100.00
-215.01 %
-214,496.67
-127,576.00
118,875.21
-68,093.00
27,863.25
146,403.67
-100.00
-215.01 %
-214,496.67
Fund: 06 - ECONOMIC DEVELOPMENT FUND
Revenue
000 - Non-Departmental
Expense
019 - Economic Development Services
6/4/2013 11:12:14 AM
Page 3 of 4
Budget to Actual
Fund Summary
Fund
06 - ECONOMIC DEVELOPMENT FUND
6/4/2013 11:12:14 AM
Prior Year
Budget
-127,576.00
-127,576.00
Prior Year
Actual
118,875.21
118,875.21
2012-2013
Budget
-68,093.00
-68,093.00
MTD
Activity
27,863.25
27,863.25
YTD
Activity
146,403.67
146,403.67
Encumbrances
-100.00
-100.00
Percentage
-215.01 %
-215.01 %
Remaining Balance
214,496.67
214,496.67
Page 4 of 4
Sachse, Texas
Sachse City Hall
B
Sachse, Texas 75048
File #:
13-1580
Type:
Version: 1
Name:
SEDC Presentation by Carmen Moran.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
A presentation by Carmen Moran, A.I.C.P., Director of Development Services for the Town of Addison
to talk about redevelopment initiatives.
Executive Summary
Carmen Moran will talk about redevelopment initiatives implemented by the Town of Addison and
relate those initiatives to possible redevelopment of Highway 78 corridor in Sachse.
Sponsors:
Indexes:
Code sections:
Attachments:
Date
CarmenMoranBio.pdf
Ver.
Action By
Action
Result
Title
A presentation by Carmen Moran, A.I.C.P., Director of Development Services for the Town of
Addison to talk about redevelopment initiatives.
Executive Summary
Carmen Moran will talk about redevelopment initiatives implemented by the Town of Addison
and relate those initiatives to possible redevelopment of Highway 78 corridor in Sachse.
Background
Carmen Moran has been with the Town of Addison since 1984 and has worked with
development of the city to help make it what it is today.
This is only for discussion purposes.
Carmen Moran has voluntarily agreed to talk with the Board.
Staff has no recommendation.
Sachse, Texas
Page 1 of 1
Printed on 6/6/2013
BIOGRAPHICAL INFORMATION
CARMEN S. MORAN
Carmen Moran currently holds the position of Development Services for the
Town of Addison. As Director, she supervises the divisions of: Planning and
Zoning, Building Inspection, Environmental Services, and Code Enforcement.
She handles all comprehensive planning and zoning issues for the Town and
serves as staff to the Planning and Zoning Commission and Board of Zoning
Adjustment.
Carmen has been with the Town of Addison since 1984. Since 1991 she has
been instrumental in the development and construction of Addison Circle, the
Town of Addison’s award-winning neo-traditional, mixed-use development. She
worked with residents and business citizens on a visioning effort for the Town
called Vision 2020, which resulted in the original concept for Addison Circle. She
managed the effort among the Town Council, developers, and planning
consultants to develop a funding agreement and development ordinance for
Addison Circle. Beginning in 2007, she also managed the zoning and
entitlement process, as well as the negotiations for the Master Facilities
Agreement, for Vitruvian Park, Addison’s newest mixed-use development.
Carmen joined the Town of Addison staff in 1984 as a Planning Technician. She
was promoted to Planner in 1986 and received certification from the American
Institute of Certified Planners in 1988. She was promoted to Zoning
Administrator in 1988 and was promoted to Director of Development Services in
1992.
Carmen has a Bachelor of Landscape Architecture from Texas Tech University, a
Bachelor of Arts Degree in English from Texas Tech, and a Masters in Public
Administration from the University of North Texas.
She has been an Associate member of the Urban Land Institute since 1995, and
became a full member in 2005. She served on the ULI Public-Private
Partnership Council from 2007 to 2011. She is a member of the American
Planning Association and served as Director for the North Central Texas Section
of APA for 1999-2000. She is also a member of the American Institute of
Certified Planners.
Sachse, Texas
Sachse City Hall
B
Sachse, Texas 75048
File #:
13-1581
Type:
Version: 1
Name:
SEDC incentive policy for industrial development.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
A presentation and discussion on a preliminary incentive policy for recruitment of industrial
development.
Executive Summary
Although the City of Sachse has a small industrial park, the expansion of the park could be
accelerated with an incentive policy for industrial development.
Sponsors:
Indexes:
Code sections:
Attachments:
Date
IndustrialIncentivePolicyComparison.pdf
IndustrialIncentivePolicyPresentation.pdf
Ver.
Action By
Action
Result
Title
A presentation and discussion on a preliminary incentive policy for recruitment of industrial
development.
Executive Summary
Although the City of Sachse has a small industrial park, the expansion of the park could be
accelerated with an incentive policy for industrial development.
Background
At the present, the only incentive for industrial development is a Tax Abatement program. An
incentive policy can incorporate performance measures and milestones to attain in order to
meet the requirements of an incentive policy.
This is the first draft of considering performance parameters for the industrial business
incentive policy. After final review, the Board will make a recommendation to the City Council
for approval.
Cash incentives and other financial incentives will be considered in developing the incentive
policy.
Sachse, Texas
Page 1 of 2
Printed on 6/6/2013
File #: 13-1581, Version: 1
Staff recommends that the Board provide feedback for developing the incentive policy.
Sachse, Texas
Page 2 of 2
Printed on 6/6/2013
Industrial Incentive Policy
City of Rowlett
Amount of Capital Investment
Years of Abatement
% of Abatement
$500,000 - $1,999,999
1-3
10-50%
$2,000,000 - $4,999,999
1-4
10-75%
$5,000,000 – $9,999,999
1-5
10-75%
$10,000,000 - $19,999,999
1-6
10-100%
$20,000,000 - $39,999,999
1-7
10-100%
$40,000,000 - $59,999,999
1-8
10-100%
$60,000,000 or greater
1-10
10-100%
Bryan and College Station
Year
1
Capital Investment
$2,000,000 to $4,000,000
or
Gross Payroll
$250,000 to $1,000,000
70%
Capital Investment
$4,000,001 to $8,000,000
or
Gross Payroll
$1,000,001 to $2,500,000
70%
Capital Investment
$8,000,000+
or
Gross Payroll
$2,500,001+
70%
2
50%
60%
70%
3
30%
50%
60%
4
20%
40%
50%
5
10%
30%
40%
6
0%
20%
30%
7
0%
10%
20%
8
0%
0%
10%
City of Waco
New Structure
Square Footage
% of Abatement
Years of Abatement
0 – 4,999 sq ft
0%
0
5,000 – 9,999 sq ft
40%
2
10,000 – 49,999 sq ft
40%
5
50,000 – 99,999 sq ft
65%
5
100,000+ sq ft
90%
5
Jobs Created
Year
0 - 5 full-time jobs
5 – 15 full-time jobs
31+ full-time jobs
40%
16 – 30 full-time
jobs
40%
1
0%
30%
30%
30%
3
20%
20%
4
10%
10%
2
5%
5
City of Denton
Value of Structure and Personal
Property
$100,000,000
$80,000,000
$65,000,000
$50,000,000
$35,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
40%
Years of Abatement
10
9
8
7
6
5
4
3
2
City of Des Moines
Year
% of Abatement
1
75%
2
60%
3
45%
4
30%
5
15%
New Mexico
Average Wage
Incentive/New Job
$36,985
$2,000
$40,201
$3,000
$48,242
$4,000
$64,322
$5,000
Industrial Incentive Policy
City of Rowlett
Amount of Capital Investment
Years of Abatement
% of Abatement
$500,000 - $1,999,999
1-3
10-50%
$2,000,000 - $4,999,999
1-4
10-75%
$5,000,000 – $9,999,999
1-5
10-75%
$10,000,000 - $19,999,999
1-6
10-100%
$20,000,000 - $39,999,999
1-7
10-100%
$40,000,000 - $59,999,999
1-8
10-100%
$60,000,000 or greater
1-10
10-100%
City of Bryan and City of College Station
Year
Capital Investment
Capital Investment
Capital Investment
$2,000,000 to $4,000,000
$4,000,001 to $8,000,000
$8,000,000+
or
or
or
Gross Payroll
Gross Payroll
Gross Payroll
$250,000 to $1,000,000
$1,000,001 to $2,500,000
$2,500,001+
1
70%
70%
70%
2
50%
60%
70%
3
30%
50%
60%
4
20%
40%
50%
5
10%
30%
40%
6
0%
20%
30%
7
0%
10%
20%
8
0%
0%
10%
City of Waco- New Buildings
Square Footage
% of Abatement
Years of Abatement
0 – 4,999 sq ft
0%
0
5,000 – 9,999 sq ft
40%
2
10,000 – 49,999 sq ft
40%
5
50,000 – 99,999 sq ft
65%
5
100,000+ sq ft
90%
5
• Additional 10% annually, if 2/3 new employees are hired from the city.
City of Waco- Jobs Created
Year
0 - 5 full-time jobs
31+ full-time jobs
1
0%
40%
40%
40%
2
-
30%
30%
30%
3
-
-
20%
20%
4
-
-
10%
10%
5
-
-
-
5%
City of Denton
Value of Structure and Personal
Years of Abatement
Property
$100,000,000
10
$80,000,000
9
$65,000,000
8
$50,000,000
7
$35,000,000
6
$20,000,000
5
$15,000,000
4
$10,000,000
3
$5,000,000
2
• Abatements begin at 25% and can
range up to 50% based on additional
factors
City of Denton
• Additional Factors (5% each)
- The project will occupy a building that has been vacant for at least two
years
- At least 25% of the new jobs created by the project will be filled by Denton
residents
- A minimum of 25% of local contractors and local subcontractors will be
utilized during the construction of the project
- The project will provide knowledge-based jobs (at least 25% of jobs require
college bachelors degree at entry level)
- The project is an international or national headquarters facility
- The project is a medical manufacturing or research facility
- The project incorporates significant environmentally sustainable practices
City of Des Moines
Year
% of Abatement
1
75%
2
60%
3
45%
4
30%
5
15%
Gathered by Clayton Collins
Sachse, Texas
Sachse City Hall
B
Sachse, Texas 75048
File #:
13-1582
Type:
Version: 1
Name:
SEDC preliminary budget.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
Consider and take action regarding the Preliminary 2013-2014 Sachse Economic Development
Corporation Annual Budget.
Executive Summary
Sponsors:
Indexes:
Code sections:
Attachments:
Date
BudgetDraft2013-2014.pdf
Ver.
Action By
Action
Result
Title
Consider and take action regarding the Preliminary 2013-2014 Sachse Economic
Development Corporation Annual Budget.
Executive Summary
Background
In order to meet the timeline of the City to present the budget to the City Council for approval,
the Board reviews the budget document and makes changes before approval and a
recommendation to the City Council.
Key dates for completing and adopting the annual budget are:
June 17 - first preliminary consideration by the City Council;
July 10 - Board meeting to discuss budget;
August 7 - Board approval of annual budget;
September 9 - City Council adopts budget.
To be determined from discussion of the Board.
Staff recommends to review annual budget.
Sachse, Texas
Page 1 of 1
Printed on 6/6/2013
Sachse, Texas
Sachse City Hall
B
Sachse, Texas 75048
File #:
13-1583
Type:
Version: 1
Name:
SEDC Future agenda items.
Agenda Item
Status:
Agenda Ready
File created:
6/5/2013
In control:
On agenda:
6/12/2013
Final action:
Title:
Executive Summary
Sponsors:
Indexes:
Code sections:
Attachments:
Date
Ver.
Action By
Action
Result
Title
Executive Summary
Background
The Board will make suggestions on topics of discussion for future meetings.
Only items listed on the agenda can be discussed.
None.
None.
Sachse, Texas
Page 1 of 1
Printed on 6/6/2013

June 12, 2013 EDC Board of Directors Agenda

Transcription

Similar documents

How it works… Get moving….hop a bus and see Waco!

Private Drinking Water Well Basics

Friday the 13th! June 13th-14th, 2014

Rush Hour Rewards can save you money Join us for CoServ

District Administration - West Texas District AG

template for WINNING

Windy Acres - Texas Alliance of Land Brokers

Safe Usa Online Casinos - NC Trapshooting Association

Program Layout

West Texas Assemblies of God