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HomeMy WebLinkAbout08/27/2002 - Regular Minutes City Council COLLEGE STATION BUSINESS DEVELOPMENT CORPORATION BOARD MINUTES City of College Station Administrative Conference Room 1101 Texas Avenue, Tuesday, August 27, 2002 3:30 p.m. In attendance: Members Staff George Lea Charles Wood Greg Stiles Kim Foutz Larry Hodges Joe Byrne Laura Gonzalez Absent Tom Taylor N/A Harry Green Harry Green, called the meeting to order at 3:30 p.m. Regular Agenda I. Discussion and possible action on requests for excused absences All Board members were present IL Discussion and possible action on the minutes from the June 12, 2002 Board meeting. Laura Gonzalez moved for approval of the minutes with a second by Joe Byrne. The minutes were approved unanimously. III. Presentation, discussion and possible action on the business center master plan and related covenants and restrictions Kim Foutz made a presentation on the new business center project. Mrs. Foutz explained the process and some of the elements that the City received as part of the plan, including a preliminary plat, a master plan document, cost estimates and an endangered species study. Mrs. Foutz then explained some of the components of the park, including Forest Preserves which surround each lot, the detention plan which provides for the detention to occur in the flood plane, the greenways which will serve as buffers between adjacent developments, phasing and costs for construction, and the transportation alignment. Staff also presented a comparison of the current and new parks including costs, historical and projected results, assumptions regarding absorption, investment, and payroll, and an economic impact analysis. VI. Discussion on Walmart relocation and expansion Kim Foutz gave an update of the Walmart rezoning request and the possibility of other locations for the Walmart Super Center such as the Rock Prairie/Highway 6 intersection. George Lea stated that the property owners should be able to sell and develop their property as they wished. Kim Foutz stated that if Walmart is considerinv, alternative sites now may be the time to begin discussions with the company. Mrs. Foutz stated that if Walmart did locate at the Southeast comer of Rock Prairie Road and Highway 6, it may be difficult to achieve a master planned retail development on that comer. VII. Discussion and possible action on Board meeting dates The board agreed to change the regular meeting date to the first Tuesday of each month. Mr. Green stated that the Board would have to meet on September 3rd in order to meet the required number of meetings for the year. Executive Session Agenda Ix. Executive Session will immediately follow the regular meeting in the Administrative Conference Room The board entered into executive session at 3:57 p.m. Economic Development Negotiations {Gov't Code Section 551.0861; possible action (refer to Economic Development Notice) a. Cross Street Warehouses b. Development at Harvey Rd. & Texas Ave. c. Redmond Terrace The board returned to open session at 4:15 p.m. X. Possible action on Executive Session items Greg Stiles made a motion in favor of allowing a proportionate reduction of the incentive package to the reduction of square feet of retail space in the Cross Street Warehouses. Tom Taylor seconded the motion. Larry Hodges stated that if the goal for the Northgate area was to encourage mixed use developments, he did not see a difference in the development having 2,500 s.f. or 2,000 s.f. and agreed that the incentives should be reduced proportionate to the reduction in retail square footage. The motion carried, 7-0. X1. Announcements XII. Future Agenda Items Requests for Executive Session Items I . Adjourn The board adjourned at 5:00 p.m.