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HomeMy WebLinkAbout1982 Industrial Development Foundation Minutes and NotesCollege Station Industrial Development Foundation 2615 Texas Avenue South College Station, Texas 77840 ( 713) 696 -8989 OFFICERS D. H. GOEHRING President LOWELL F. DENTTON Sec. /City Attorney WILLIAM F. PHILLIPS. JR. Treasurer BOARD OF DIRECTORS STEPHEN L. BAKER Pres. - Commerce Nat'l BILL J. COOLEY County Commissioner W. D. FITCH Developer D. H. GOEHRiNG President /CSIDF GARY HALTER Mayor -College Station J. B. HERVEY Pres. -Community S & L PHYLLIS HOBSON Home Finders Realty JOHN R. HUGHEY Pres. - 0.1. Corp. TONY JONES General Contractor ROY M. KELLY A -1 Auto Parts WILLIAM F. PHILLIPS, JR. Pres. - Homestead S & L W. ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER Pres. -University Nat'l JIM E. SCAMARDO, Pres. College Station Bank J. P. WATSON Watson Hardware AGENDA JAUARY 21,1982 1. Reading of Minutes 2. Discuss meeting date 3. Approve of TCB contract up date on Park 4. Audit IRS approval 5. Park Dedication (1) Chili cook -off (2) Election (3) Membership Kick -off for 1982 6. B.C. / Pat :Iann 7. East Texas Chamber of Commerce 8. New Office COLLEGE STATION INDUSTRIAL FOUNDATION February 1, 1982 to March 31, 1982 RECEIPTS City of College Station $ -O- $50,000.00 Memberships -0- 100.00 Williams Fund -0- 400.00 Refund Escrow -0- 10,000.00 Interest 763.65 3,194.62 TOTAL $ 763.65 $63,694.02 EXPENSES Salary $ 5,000.00 $22,500.00 Payroll Taxes 332.50 1,330.00 Employee Insurance 210.92 316.38 Office Building & Improvements -0- -0- Furniture & Fixtures -0- -0- Office Supplies 20.75 115.76 Telephone 213.62 1,210.38 Postage -0- -0- Insurance -0- 188.00 Dues & Subscriptions -0- 77.00 Conventions, Meetings & Seminars 179.79 1,009.36 Misc. -0- 76.32 Turner Collie & Braden 7,775.10 7,775.10 BCIF -O- 6,200.00 TOTAL $13,732.68 $40,798.30 BALANCE ($12,769.03) $22,895.72 BANK BALANCES University National Bank - Savings $46,591.26 University National Bank - Checking 2,907.42 &An Ano co 1119. N 1 r 1 TODAY IS THE BEGINNING OF A NEW ERA FOR THE BRYAN - COLLEGE STATION AREA AND A NEW DIMENSION IN THE HISTORY OF COLLEGE STATION. WE ARE MAKING HISTORY TODAY IN THE DEDICATION OF THIS 2,300 ACRE PARK. YOU ARE SEEING THE RESULTS OF SOME LONG TERM PLANNING AND VISION - A PLAN WHEN COMPLETED, A DECADE FROM NOW, WILL HAVE HAD A TREMENDOUS IMPACT ON THIS COMMUNITY, TEXAS AND THE SUNBELT. THE GEOGRAPHIC LOCATION OF 'BRYAN - COLLEGE STATION IS IDEAL AND IS IN THE CENTER OF THAT AREA OF TEXAS IN TERMS OF POPULATION AND GROWTH POTENTIAL. STATISTICS CLEARLY SHOW THAT BRYAN - COLLEGE STATION IS THE FASTEST SMSA IN TEXAS. THE CITY AND BUSINESS COMMUNITY CLEARLY RECOGNIZES THESE FACTS AND ARE DETERMINED TO HANDLE THE SITUATION AND CAPITALIZE ON THEM, TO DO THIS TAKES LONG - RANGE POLITICAL AND PLANNING LEADERSHIP, THE LEAD TIME TO BUILD ALL THE SERVICES NEEDED FOR A GROWTH CITY IS " YEARS TO SATISFY THIS LEAD TIME, THE CITY HAS TAKEN UPON ITSELF TO DEVELOP A PLAN 2000 AND ACQUIRE PROPERTY THAT WILL FACILITATE LONG TERM SERVICES, I.E., (1) WASTE WATER TREATMENT PLANT (2) LAND FILL SITE (3) CEMETARY (4) MUNICIPAL GOLF COURSE (5) PARKS AND RECREATIONAL AREAS (6) HIGH TECH /RESEARCH DEVELOPMENT PARK WITH THE PRIVATE SECTOR THE POSITIVE FACTORS FOR THIS OVERALL COMMUNITY DEVELOPMENT ARE: (1) TO COORDINATE GROWTH ON AN ORGANIZED BASIS TO INSURE SOLID PLAN EXPANSION (2) TARGET I14DUSTRIES THAT WILL COMPLEMENT THE CITY AND ITS CITIZENS, THE BUSINESS COMMUNITY AND TAMU, (3) PROVIDE NEW JOBS AND CAREER OPPORTUNITIES (4) PROVIDE AN INTEGRATED RELATIONSHIP WITH THE STAFF AT IAMU IN TERMS OF RESEARCH/DEVELOPMENT, ALL OF WHICH CAN MEAN ADDITIONAL ECONOMIC STREAM FOR THE FACULTY (5) PROVIDE TRAINING OPPORTUNITIES FOR UNIVERSITY STUDENTS (A) CO - OP PROGRAMS WITH INDUSTRY (B) PART JOBS - PTO SUPPLEMENT EXTRA DOLLARS FOR STUDENTS IN VIEW OF DECREASING SCHOLAR- SHIP PROGRAMS AND INCREASING ECONOMIC HARDSHIPS FOR PARENTS WHO WANT TO PROVIDE QUALITY EDUCATION FOR THEIR CHILDREN) (C) FULL - TIME JOB OPPORTUNITIES FOR GRADUATING STUDENTS (D) TO PROVIDE A FEEDING GROUNDS FROM THE PRIVATE SECTOR FOR GRADUATE PROGRAMS AT TAMU ALL THIS WILL HAPPEN BECAUSE THIS COMMUNITY HAS A "CAN DO ATTITUDE" AND LEADERSHIP BASE THAT V4ILL GET THIS PLAN IMPLEMENTED. I WOULD LIKE TO TAKE THIS OPPORTUNITY TO RECOGNIZE THOSE PEOPLE WHO HAVE BEEN INSTRUMENTAL IN THIS DECISION MAKING PROCESS, MAYOR: GARY HALTER CITY COUNCIL: LARRY RINGER PATRICIA BOUGHTON JIM DOZIER ALVIN PRAUSE TONY .JONES BOB RUNNELS REQUEST APPLAUSE.: IT TAKES VISION AND DETERMINATION ON THE PART OF CITY OFFICIALS TO TAKE THE LEAD - TO DEVELOP A PLAN 0000, ANTICIPATE THE CITY NEEDS AND NOT WAIT UNTIL AFTER THE FACT TO REACT TO LONG TERM DECISION MAKING POLICIES CITY STAFF: NORTH BORDELL AND HIS PEOPLE, WHO DO A YOEMAN AND SOMETIMES THANKLESS JOB IN CARRYING OUT THE DIRECTIVES AND POLICIES OF THE CITY, SECOND: THIRD: FOURTH: OUR JOINT VENTURE PARTNERS - BOB & PAT SPEARMAN .JERRY & VADIE SPEARMAN WITHOUT THEIR PARTICIPATION, THIS PROJECT WOULD NOT BE POSSIBLE, BOARD OF DIRECTORS OF THE C,S,I,D,F,- LOWELL DENTON BILL PHILLIPS STEVE BAKER BILL COOLEY BILL FITCH GARY HALTER DICK HERVEY PHYLLIS HOBSON JOHN HUGHEY TONY ,JONES ROY KELLY DR, SKIP PORTER JOE SAWYER JIM SCARMARDO .Iw P. WATSON STEVE MILTON ANDY ANDERSON THOSE MEMBERS WHO CONTRIBUTED FINANCIALLY THESE ARE THE PEOPLE WHO ARE THE DRIVING FORCE BEHIND THE INDUSTRIAL FOUNDATION THAT ARE MAKING THIS EVENT POSSIBLE, THE CITY, THE SPEARMAN'S, THE INDUSTRIAL FOUNDATION - TRULY MAKE A MODEL TEAM AND IT WILL BE THE TEAM AND THE "CAN DO ATTITUDE" THAT WILL MAKE BRYAN - COLLEGE STATION A COMMUNITY OF THE FUTURE AND IT IS WITH THAT SPIRIT WE DEDICATE THIS PARK TODAY, CoIIege Station Industrial Development Foundation 2615 Texas Avenue South College Station, Texas 77840 (713) 696 -8989 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Sec. /City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS STEPHEN L. BAKER Pres. - Commerce Nat'l BILL J. COOLEY County Commissioner W. D. FITCH Developer D. H. GOEHRING President /CSIDF GARY HALTER Mayor - College Station J. B. HERVEY Pres. - Community S & L PHYLLIS HOBSON Home Finders Realty JOHN R. HUGHEY Pres. - 0. I. Corp. TONY JONES General Contractor ROY M. KELLY A -1 Auto Parts WILLIAM F. PHILLIPS, JR. Pres. - Homestead S Fa L W. ARTHUR "Ship" PORTER Director - TEES JOE R. SAWYER Pres. - University Nat'l JIM E. SCAMARDO, Pres. College Station Bank J. P. WATSON Watson Hardware March 25, 1982 Mr. and Mrs. D. A. Anderson 1202 Foster College Station, Texas 77840 Dear Mr. and Mrs. Anderson: On Saturday, April 3, the College Station Industrial Development Park will be dedicated at 1:00 p.m. The Park is located two miles south of College Station °s city limit on the east side of Highway G. Traffic will be directed by local law enforcement officials. Although this day is the culmination of months of effort and planning, it is just the beginning of a new direction for our area. The recent announcement by TAMU to develop a Research and Development park will be an enhancement to our total objective. It will not only add a new economic stream to our community, but will complement the faculty and add another step to deveioping TAMU into preeminence. We hope that you will join us in this dedication which we think will be the start of an exciting decade of development. A chili cook -off benefiting CRIMESTOPPERS, sponsored by Krueger Dorm and WTAW, and other festivities will begin at 10:00 a.m. Your attendance will add much to the success of the day. I look forward to seeing you on April 3. Sincerely, tc le_� �, Dennis Goehring President 14Wv BUSINESS Park has 20 years in f aeus From page IF R. "Bum" Bright, chairman of the A &M Board of Regents, made a similar statement regarding the university's proposed industrial park. Which party will ultimately be responsible for providing that type of high - technology atmosphere here? "The impetus will come from the university," Porter said. "If (Silicon Valley) happens here, it will be because of Texas A &M, not because of Col- lege Station. Our intention is to encourage that growth and work in concert to the fullest extent." Goehring says the city's industrial park "will br- ing in whatever (industry) that technology brings in the next decade." "We'll address more what the needs of the marketplace are. That's the exciting thing. We're charting into the unknown." He did say that the city and the foundation would be interested in attracting firms in the same league with, say, Westinghouse. Some of that will depend on the demands that prospective firms will make of the industrial park. But, Goehring said, the park will generally be tailored to fit the needs of desirable tenants. The word "desirable" is also a key. The city wants to attract "quality" industries here that will complement Texas A &M and the community. There will actually be more than an industrial complex at the park site. Much more. For the first time, the industrial. foundation displayed to the public Saturdav a preliminary master plan for the park, developed by the Houston engineering firm of Turner Collie and Braden. The proposed plan devotes a large portion of the entrance area to high - technology, research and light commercial development. But carefully integrated into the plan are residential condominiums, townhomes and single - family residences. And there are also municipal recreational areas, a golf course, cemetery and a sewage treatment plant. In all, the development encompasses about 2,300 acres. Until now, the industrial and residential areas were being discussed as two separate developments in most cases. Now, according to the preliminary plan, residential, commercial and municipal ser- vices would be integrated into one package. Developer Bob Spearman, who sold the 1,200 acres to the city for industrial development for $1.58 million last. summer, will develop all the residential areas and some light commercial areas. His cousin Jerry Spearman, and Jerry's wife Vadie, will also develop about 500 acres. The city will develop high- technology, municipal services and recreational areas, including the golf course. Spearman said he is willing to swap acreage with the city so that the park would have industrial land fronting Highway 6. But he said no actual ex- changes have taken place. Spearman said Friday that the plan was so preliminary that he hadn't had a chance to review it yet. According to the plan, more than one -third of the total development, up to 811 acres, could be devoted to high - technology research while another 268 acres may go to light commercial activity. Those figures will probably vary since the two areas actually overlap on the map in some locations. Residential development may assume close to 600 acres, recreational areas and the golf course could account for another 396 acres and drainage reser- voirs may fill more than 150 acres, according to the preliminary drawing. Goehring praised the city for planning ahead in alloting space for municipal facilities in the park. He indicated that those facilities will meet the demands of the ever - expanding southern portions of the city. "They're bringing in the municipal needs of the city for the next decade," he said. And accordingly, the industrial park is designed to help the state meet its research and development needs for the next 20 years, Goehring said. As pinpointed by Gov. Bill Clements' Texas 2000 Commission, which is charged with identifying critical problem issues that will likely concern state government during the next 20 years, there will be an effort to step up research and development within the state — instead of importing technology from the outside. Ten years from now, Goehring predicts the park will have already had a "tremendous impact on this community, Texas and the Sunbelt." As for today, most of the excitement is still at the mailbox. For Fortune 500 may soon be calling again. College Station Industrial Development Foundation 2615 Texas Avenue South College Station, Texas 77840 ( 713) 696 -8989 OFFICERS D. H. GOEHRING President Agenda February 19, 1982 LOWELL F. DENTON Sec. /City Attorney XVILLIAM F. PHILLIPS, JR. 1 Approve minutes Treasurer 2. F/S report BOARD OF DIRECTORS A. Discuss Ingram /Wallace doing accounting R4 STEPHEN L. BAKER B. Audit ��pp �y, �1F � Ct C. � C51r �D Pres. - Commerce Nat'l W � BILL J. COOLEY 3. Dr . Bill Mus � County Commissioner r� VIEW 4. Park dedication April 3 W. D. FITCH ���• � — " �� �Q,A Developer 5. Prospect report D. H. GOEHRING President /CSIDF 6. Budget request to City $50,000 GARY HALTER Mayor- College Station 7. Line of Credit with local financial institution J. B. HERVEY Present balance $60,827 Pres. - Community S iT L Line of credit 30,000 PHYLLIS HOBSON *90 Hcme Finders Realty JOHN R. HUGHEY TCB $40 ,000 Pres. - o. 1. Corp. Mapping 10,000 TONY JONES Market Study 20,000 General Contractor ROY M. KELLY $70,000 A -1 Auto Parts Five months WILLIAM F. PHILLIPS. JR. operating 17,000 Pres. -Homestead S & L $87,000 W. ARTHUR "Slip" PORTER Director - TEES JOE R. SAWYER Recomend we secure L/C for $30,000 until we Pres. - University Nat'l receive July funding of $50,000 at which time JIM E. SCAMARDO. Pres. we Pay off note. In July we should have a good College Station Bank idea what our over all developements plans will J. P. WATSON be. Watson Hardware 8. Chamber of Commerce Banquet (Feb. 25th) C W 1. PA* hax"a i 2A 1 Bryan College Station Chamber of Commerce Industrial Development Committee North Bardell Harry L. Gillam City Manager KBTX -TV CITY OF COLLEGE STATION Box 3730 77805 College Station, Texas 77840 Bryan, Texas Gaylord White Bryan Utilities CITY OF BRYAN Bryan, Texas 77801 Pat Mann Executive Vice President B-CS CHAMBER OF COMMERCE Bryan, Texas 77801 Terry Biss BABCOCK &- WILCOX 1700 Independence Blvd. Bryan, Texas 77801 Tom Salamon THE NORTON COMPANY Box 4165 Bryan, Texas 77805 Walt Baker TEXAS EMPLOYMENT COMMISSION Box 153 Bryan, Texas 77805 Jerrell D. Teltow CENTRAL FREIGHT LINES, Box 3443 Bryan, Texas 77805 Dennis H. Goehring C.S.I.D.F. President 2615 S. Texas Avenue College Station, Texas District Manager LONE STAR GAS COMPANY 201 E. 27th Street Bryan, Texas 77801 Gary Halter Mayor of College Station Box 9960 College Station, Texas 77840 Richard Smith Mayor of Bryan 3742 Texas Avenue Bryan, Texas 77801 Terry Rock TEXAS INSTRUMENTS, INC. Box 10028, MS 3811 College Station, Texas 77840 F. P. (Rick) Hunsicker Project Manager, Electronics Assembly Plant WESTINGHOUSE CORPORATION College Station, Texas 77840 Ernest Clark INC. City Manager CITY OF BRYAN Bryan, Texas 77801 William V. Muse Dean, College of Business Administration TEXAS ABM UNIVERSITY 77840 College Station, Texas 77843 Johnny Lampo FARMERS MARKET 2700 Texas Avenue Bryan, Texas 77801 BRYAN COLLEGE STATION CHAMBER OF COMMERCE Policies on Industrial Development It shall be the objective of the Bryan - College Station Chamber of Commerce to develop programs to assist industrial firms interested in locating in Brazos County. In doing so, it will cooperate with industrial foundations or other organizations representing the political subdivisions in the county s, .ho have an interest in attracting industry. In pursuing its industrial development objectives, the Bryan - College Station Chamber of Commerce shall be guided by the following policies: 1. The Chamber will designate one employee who shall be responsible rc;r directing and managing the industrial development program. 2. The Chamber will be responsible for promotion of the two cities and county as a potential industrial site and will be responsible for maintaining information in attractive formats that will be of interest and usefulness to industrial prospects. The Chamber will attempt to respond to all reasonable requests for information in a timely fashion. 3. The Chamber will maintain a central file on all industrial prospects. This file will contain all information provided by or collected a "bout the prospect and will be the exclusive property of the Chamber executive responsible for industrial development. Release of information in this file will be governed by the following procedures: a) Information in a prospect's file will be released in a manner consistent with the requests for confidentiality by the client and /or when the prospect is interested in active consideration of the community and will be provided to all units representing political subdivisions (e.g., Brazos County Industrial Foundation, College Station Industrial Development Foundation, etc.) on an equal basis- -i.e., at the.,same time and in the same form. b) It is expected that most industrial prospects will have their initial contact with the Chamber of Commerce. Where the ' contact is made by or with a unit of a political subdivision (e.g., BCIF, CSIDF, etc.), ~ .the unit involved will file information on this prospect with the Chamber of Commerce executive responsible for industrial development. This prospect will remain an ''exclusive client'' of the unit involved and the file will no be shared with other units until the initiating unit agrees or until directed by 1, 2 - the Vice President of the Industrial Division of the Chamber. 4. An Industrial Development Team, approved by the Chamber Executive Committee, will be appointed to assist the Chamber executive responsible for industrial development. Whatever information is appropriate to be shared about a prospect will be shared with members of the team on an equal basis. The Chamber executive will have discretion to use members of the team in a manner consistent with the interests of the prospect. 5• When a decision to locate in Brazos County has been made by an industrial prospect, information on the prospect will be released to all parties that have a direct interest in this information (e.g., banks, real estate firms, etc.) at the same time and in the same format. 6. Responsibility for monitoring compliance with these policies will rest with the Vice President of the Industrial Division of the Bryan - College Station Chamber of Commerce. b X COLLEGE STATION INDUSTRIAL FOUNDATION College Station, Texas 11/1/81 - 1/31/82 CURRENT MONTH RECEIPTS City of College Station Memberships Williams Fund Refund Escrow Interest TOTAL RECEIPTS EXPENSES Salary Payroll Taxes Employee Insurance Office Building & Equipment Furniture & Fixtures Office Supplies Telephone Postage Insurance Dues & Subscriptions Conventions & Seminars Miscellaneous BCIF TOTAL EXPENSES BALANCE $ -0- 100.00 -0- -0- 799.56 $ 7,500.00 498.75 105.46 -0- -0- -0- 345.31 -0- -0- -0- 558.78 39.59 BANK BALANCES University National Bank - Checking University National Bank - Savings $ 899.56 9,047.89 $(8,148.33 $ .50 60,827.61 $ 60,828.11 YEAR TO DATE $ 50,000.00 100.00 400.00 10,000.00 $ 62,930.37 $ 17,500.00 997.50 105.46 -0- -0- 95.01 996.76 -0- 188.00 77.00 829.57 76.32 6,200.00 27,065.62 '2q AAA 7F ...- -......,.. -IU Lw. �tdnQaW 1V1 0.11 uuic. ail. 31A Dedication ceremonies set Steve Lee/ Business Report INDUSTRIAL PARK CEREMONY SET. College Station Industrial Park is having its dedication ceremonies Saturday at 1 p.m., highlighted by a chili cook -off and appearances by state and local of- ficials. The industrial park site is located about two miles south of College Station on Highway 6. Dennis Goehring, president of the Col- lege Station Industrial Foundation, said the ceremony will usher in a "new era" of research and development in Bryan - College Station. He will provide an over- view of the foundation's plans for the park. U. S. Rep. Phil Gramm of College Sta- tion will be the featured speaker at the ceremony. He will be joined on the dais by state Sen. Kent Caperton and state Rep. Bill Presnal, both of Bryan, College Station Mayor Gary Halter and Steve Arden, president of Bryan - College Sta- tion Chamber of Commerce. Other guests will include Johnny Lampo, president of the Brazos County Industrial Foundation, developers Bob and Jerry Spearman, Steve Melton, representing Brazos County Crimestop- pers and Dr. Arthur Porter, director of the Texas Engineering Experiment Station and co- chairman of a new committee formed to plan a new industrial research park complex for Texas A &M University. Goehring said Porter will speak on behalf of A &M Chancellor Frank Hubert. Representatives of Turner Collie and Braden Engineers of Houston, the firm planning the industrial park, will unveil for the first time a 7 -by -9 -foot preliminary rendering of the proposed high - technology industrial complex. In other activities planned in conjunc- tion with the dedication, residents of A &M's Krueger Hall dorm will stage a day -long chili cook -off that Goehring says has generated "a lot of local in- terest." Also, Dick and Ruby Morse will display a hot air balloon. Proceeds from the cook -off go to Crimestoppers. THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Financial Statements For the Period Ended June 30, 1981 (with accountants' report thereon) INGRAM, WALLIS & COI A PR'%PL<iIONAL CORPORATION Certified Public Accountants BRYAN, TEXAS 77801 THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Financial Statements For the Period Ended June 30, 1981 (with accountants' report thereon) INGRAM, WALLIS & COMPANY D. Ingram. III as A. Wallis L. Bennett W. Childs Board of Directors The College Station Industrial Development: Foundation College Station, Texas We have examined the statement of arising from cash transactions of The Foundation as of June 30, 1981 and the and cash disbursements for the period in accordance with generally accepted included such tests of the accounting procedures as we considered necessary r, U assets, liabilities and fund balance College Station Industrial. Development related statement of cash receipts then ended. Our examination was made auditing standards and, accordingly,' records and such other auditing in the circumstances. As described in Note 1, the Foundation's policy is to report. on a modified basis of cash receipts and cash disbursements; consequently, cer- tain revenue and the related assets are recognized when received rather than when earned, and certain expenses and the related liabilities are recognized when paid rather than when the obligation is incurred. Accord- ingly, the accompanying statements are not intended to present financial position and results of operation in conformity with generally accepted accounting principles. In our opinion the statements referred to above present fairly the assets, liabilities and fund balance arising from recorded cash transactions of The College Station Industrial Development Foundation as of June 30, 1981 and the cash received and cash disbursed during the period then ended on the basis of accounting described in Note 1, A PROFESSIONAL CORPORATION Certified Public Accountants 304 Post Office Street BRYAN, TEXAS 7780 Bryan, Texas October 15, 1981. a� THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Assets, Liabilities and Fund Balance June 30, 1981 Assets Cash - including time deposits of $23,944 40 $ 25,575 Earnest money advanced (note 3) 10,000 Building and office furniture (net of allowance for depreciation of $416) (note 1) 9, 706 $ 45,281 Liabiliti and Fund Balance Payroll taxes withheld Fund balance $ 4,0.53 41,228 $ 4.5,2 81 The accompanying notes are an integral part of the financial statements. THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Cash Receipts and Cash Disbursements For the Period Ended June 30, 1981 (note 1) Cash Receipts Membership fees Contributions Industrial development fee (note 2) Interest income Total Cash Receipts Cash Disbrrsements Salaries Utilities Travel Depreciation Dues and subscriptions Office supplies Insurance Contract: labor Miscellaneous Postage Total Cash Disbursements Excess cash receipts over cash disbursements 41 $ 4,000 5,900 50,000 1,220 61,120 17,500 642 450 416 313 262 162 107 25 15 19,892 j 41, 228 The accompanying notes are an integral part of the financial statements, THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Notes June 30, 1981 (1) Summary of significant a ccounting policies (a.) Basis of presentat The Foundation keeps its records and *repares its reports on the modified cash basis with no recognition being accorded accounts receivable, accounts payable, accrued revenues or accrued expenses. Revenues are recognized when received and costs and expenses are recognized when disbursed. (bo) Buildings and office equipment Buildings and office equipment is stated at cost. Depreciation is provided using the straight -line method over estimated useful lives (10 years) of the various assets. co) Income taxes The Foundation has applied for exemption from Federal income taxes under Section 501(c)(6) of Internal Revenue Code. Management is of the opinion such exemption will be granted; accordingly, no provision for Federal income tax has been included in the accompany- ing statements. (do) Fiscal period The College Station Industrial Development Foundation was incorpo- rated on October 21, 1980, and on October 22, 1980 the Directors adopted June 30th of each year as the last day of the Foundation's fiscal year; accordingly the accompanying statements included the Foundation's financial transaction from inception through June 30, 1981 (2) Commitments and contractual arrangements During the period ended June 30, 1981 The Foundation entered into a con- tract with the City of College Station, Texas. Under the terms of such contract The Foundation is to provide general industrial. development services and assistance to the City of College Station, Texas and prospective industrial and commercial concerns in return for the sum of $50,000. (3) Earnest money advanced On May 21, 1981 The Board of Directors of The Foundation approved $10,000 earnest money to be deposited to bind the purchase of approxi- mately 1,266 acre industrial site. Subsequent to June 30, 1981 the City of College Station, Texas refunded such deposit to The Foundation. AGENDA May 20, 1982 1. Call the meeting to Order. 2. Reading of the minutes. 3. Financial report. 4. Gene Black - S.B.A. *AO Certified Development Company. 5. Discuss two marketing proposals: a) . LWFW - Dallas. b) . Stan Madden - TAM". 6. Bob Spearman's joint venture with JAC Corporation. 7. Hilton Hotel - proposal. 8. Close meeting. MINUTES OF THE REGULAR MONTHLY MEETING OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT BOARD OF DIRECTORS HELD MAY 20, 1982, AT THE RAMADA INN IN COLLEGE STATION, TEXAS. The meeting was called to by Dennis Goehring. The following Directors were present: Bill J. Cooley Gary Halter William Phillips W. Arthur "Skip" Porter Roy M. Kelley J. B. Hervey W. D. Fitch Phyllis Hobson D. H. Goehring Lowell Denton Stephen L. Baker J. P. Watson Jim E. Scamardo Pat Mann Andy Anderson Pat Seigert The minutes were read and approved by the Board. Bill Phillips stated that the financial report by Tom Wallis will be mailed to the Board members. Steve Baker explained the new Certified Development Corporation program being promoted by the Small Business Administration. He stated that the program could provide 90% financing over a long term for qualified businesses. The loan proceeds would be used for land, capital improvements and fixed assets. The loan program is a combined, fixed and variable rate combination. In order for the foundation to serve as a vehicle for placement of the Small Business Administration loan under this program it must form a Certified Development Company, whether profit or non - profit, and changes in the charter or by -laws of the industrial foundation might be necessary. Steve Baker and Dennis Goehring met with Gene Black and other bank representatives concerning the program. They discussed examples of qualified businesses. Their recommendation to the foundation was to set up a committee to review the regulations and recommend by -law changes, if necessary. The Board of Directors discussed the program at some length. There was a motion and second, passed unanimously by vote of the Board, authorizing consideration and review of the program in prepa- ration of a recommendation for the Board. Dennis Goehring initiated a discussion of the marketing proposals. Two proposals were presented. The local proposal by Stan Madden, Mike Puse and Marilyn Green was recommended by Director Goehring. He commented on the advantage of a local firm with pre- existing knowledge of the community and a working relationship with Texas A &M University as well. Bill Fitch commented on the need for good marketing information. Jim Scamardo made a motion to table the marketing proposals for consideration and review by the Board. Steve Baker seconded the motion, which was unanimously adopted. Dennis Goehring discussed the pending negotiations between JAC Development Corporation and Bob Spearman for a possible purchase of a portion of Spearman's acreage fronting on Highway 6 in the proposed industrial development park. Jose Arguello is the principal behind JAC Development. There was a general discussion by the Board of the nature of this transaction, and the fact that it was an unexpected development. Skip Porter indicated that no arrangements should be approved, and that the foundation should take the position of non - involvement as to its acreage until the terms of the arrangement and the quali- fications of the prospective purchaser to carry forth our proposals were ultimately placed in a formal written document to protect the City and the foundation. There was a general discussion by the Board of the terms of such an agreement and what should be expected of the developer. It was concluded that we should expect full disclosure of the entire transaction, and that the foundation should remove itself from any involvement if our original expectations toward development of the property are not met. By consensus Dennis Goehring and Lowell Denton were commissioned to further the negotiations toward a formal arrangement and to report on progress at the following meeting. Dennis Goehring related the substance of his conference with Eric Hilton concerning the possibility of a golf course with a long term lease for country club or other facilities within the industrial park. The objective would be to create a nucleus of activity as well as accommodations for visitors to the site. There was a general discussion concerning this matter and the possible involvement of other entities which might be interested in developing facilities on the site. There being no further business before the meeting, upon motion and second the meeting was adjourned. The foregoing minutes of the corporation are true and correct, and were approved by the Board at its subsequent meeting on 1982. Lowell F. Denton, Secretary A AGENDA - JUNE 17, 1982 1. Reading of minutes 44 2. F/S report A4A6' 3. Update on Joint Venture with Bob Spearman 4. Marketing report GA&0*4 5. Update on TCB report 6. Steve Melton resignation APAW 7. Extension Green's Praire Road - Bill Cooley Ej►Ii, gill' I jp qo* H *- COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Receipts City of College Station Memberships Williams Fund Refund escrow Interest Total Expenses Salary Payroll taxes Employee insurance Office building and improvements Furniture and fixtures Office expense Telephone Postage Insurance Dues and subscriptions Conventions, meetings and seminars Miscellaneous Turner, Collie & Braden BCIF Total Excess of Receipts Over Expenses Month of Year to April 1982 Date $ -- $ 50,000.00 -- 100.00 -- 400.00 -- 10,000.00 -- 3,194.62 -- 63,694.62 2,500.00 25,000.00 710.25 2,040,25 105.46 421.84 18.13 133.89 306.04 1,516.42 -- 188.00 -- 77.00 -- 1,009.36 -- 76.32 - - ---- 7, 7 75.10 1 4 ; 0 o 6,200.00 4% 3,639.88 44,438.18 ($ 3,639.88 $ 19,255.84 /fg,00 INGRAM. \VALLIS & COMPANY A PROFESSIONAL CORPORATION Certified Public Accountants 304 Post Office Street BRYAN, TEXAS 77601 James D. Ingram. III May 20 , 1982 Thoma A. Wallis Agnes L. Bennett Judith W. Childs College Station Industrial Development Foundation College Station, Texas The accompanying statement of cash receipts and disbursements of the College Station Industrial Development Foundation for the ten months ended April 30, 1982 has been compiled by us. A compilation is limited to presenting in the form of financial state- ments information that is the representation of management. We have not audited or reviewed the accompanying financial statement and, accordingly, do not express an opinion or any other form of assurance on it. The Company's policy is to prepare its financial statements on the basis of cash receipts and disbursements; consequently, certain revenue and the related assets are recognized when received rather than when earned, and certain expenses are recognized when paid rather than when the obligation is incurred. Accordingly, the accompanying financial state- ments are not intended to present financial position and results of opera- tions in conformity with generally accepted accounting principles. U JOINT DEVELOPMENT AGREEME COLLEGE STATION RESEARCH AND DEVELOPMENT COMMUNITY PROJECT This is an agreement between the COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION, THE CITY OF COLLEGE STATION, and JAC DEVELOPERS, INC., for the development of approximately 2300 acres in Brazos County as a planned research and development community, including municipal facilities and recreational space for the general public, and planned and developed space for research, industrial, light manufacturing, commercial, and residential uses. Recitations The City of College Station presently owns the parcel of land described on Exhibit A attached to this agreement, subject to the liens, encumbrances, easements, restrictions and reservations shown on Exhibit B hereto. JAC Developers, Inc., presently owns the parcel. of land described on Exhibit C attached to this agreement, subject to the liens, encumbrances, easements, and reservations shown on Exhibit D hereto. The CSIDF is a non - profit corporation which bas the reason for its existence the enhancement of advantageous industrial and commercial development within the City of College Station and Brazos County, with special emphasis on researcn and development activities specially suited to an interrelationship with Texas AM University located in the City. The CSIDF located the parcel owned by the City and has been invol_ve:l in arrangements concerning the purchase and ownership of same from that time. The CSIDF will act on behalf of the City in development of the portions of the property which are not reserved by the City for perpetual municipal use, as provide�3 for herein and in accordance with Article 5421c -12. A map of the proposed site is set forth on Exhibit E hereto. The parcels subject to this agreement were originally owned by investors acting through Kenneth M. Morris. The property shown on the Exhibit E hereto is the original 103—:3 was purchased in two separate parcels by Robert F. Spearman and .Jerry Spearman, respectively. The property shown as the original 1265 on Exhibit E was purchased by Robert F. Spearman pursuant to an arrangement to sell same to the City of College Station for his actual cos- and was conveyed to the City of College Station on ff IL982. The City issued its certificate of obligation to R obert F. Spearman in the amount of $1,297,000.00 as partial. payment of the purchase price for same. Said certificate bears interest at the rate of twelve percent,and was amended by ordinance and instrument on F 1982,concerning terms of payment, to correspond with the provisions of Robert F. Spearman's purchase money note for said parcel. Proceeds of said certificate of obligation are to be applied to the payment of the original purchase money mortgage on said parcel. LAND EXCHANGE OR OTHE PROVISIONS (to be written Incident to the purchase of said parcels from the Morris group, and arrangement was discussed and agreed upon between the City of College Station, the CSIDF, Robert F. Spearman and Jerry Spearman, whereby the entire property would be planned and developed largely as set forth herein. On , 1982,the CSIDF retained the firm of Turner, Colley and Braden to prepare a preliminary master plan of the site and ultimately obtained through TCB, by sub - contract the services of the SWA group toward that planning objective. Copies of contract documents gerrc«:in to that relationship are attached hereto as Exhibit F. Robert F. Spearman and Jerry Spearman agreed to pay, on a proportional (by acreage) basis, their share of such planning costs at the t.irae of actual subdivision of the property or some portion thereof. f this agreement, JAC Developers As of the date o g has P obtained the former interests of Robert F. Spearman and Jerry Spearman and the planning costs incurred prior to this agreement have been paid. The current status of the planning process is as follows: / r (to be written) Purpose of Agreement The parties acknowledge that many decisions must be made in the future as the planning and development of the entire property continues. However, it is the parties collective intention to set forth in a legally and judicially enforceable form their expectations, obligations and rights with respect - to such development to the extent possible. Interpretation of this agreement, judicially or by arbitration as further provided herein, or as provided by statute in case law in the State of Texas, shall be controlled where ambiguities or disputes are found to exist by the following objectives: (1) The City of College Station seeks hereby to liquidate surplus lands in the most economically �Qfl advantageous manner to the general public, both as to the price ultimately to be received for same, and the control over future uses deemed not desirable for the community as a whole. This objective is deemed consistent with the City's original purpose in 5 V acquiring its portion of the property, as set forth in the ordinance attached hereto as Exhibit G. d (2) The parties plan to develop and subdivide �(p the entire property as a planned unit. (3) The parties have obtained the property for a favorable per acre cost, and intend to reflect that favorable cost in the density of development, balancing the need for profitability with a natural and pleasant environment, providing suitable open space and buffering of uses to secure compatibility and 6-esthetic quality. It is acknowledged that the City will absorb a somewhat greater portion of the cost of reduced density by virtue of its ultimate ownership and maintenance and park areas, a golf course, and other recreational facilities. (4) The property shall be restricted and controlled as to use in a manner consistent with the plan for development as ultimately adopted and approved by both parties, as provided herein. No property shall be sold or conveyed, nor shall any contract for same be made prior to the imposition of agreed Z- restrictions on the entire property. (5) (remainder to be written) CITY /CSIDF RELATIONSHIP The City of College Station hereby designates the CSIDF as its representative for the marketing of surplus property owned by the City and constituting a portion of the 1265 acres presently owned by the City of College Station as recited herein. In accordance with Ordinance attached hereto as Exhibit G, the City will reserve from development approximately acres which shall be used for public purposes henceforth, and which shall include park areas, a golf course, municipal buildings, and utility facilities. After adoption of the final master plan,and as part of the restrictions imposed on the parcel prior to any sale or hypothecation of any part thereof, the City shall survey such lands to be reserved, and the restrictions originally imposed on the entire parcel shall set forth such reservations. The City of College Station will provide reasonable and necessary funding, within lawful budget restraints, to the CSIDF to enable it to carry out the provisions of this agreement. (Authority to Contract and Convey) (to be written) THE PLANNING PROCESS AND THE ADOPTION AND IMPOSITION OF RESTRICTIONS ON USE As set forth above, the parties anticipate a high restricted real estate community, and each party does provide and 7 I 4 agree that any portion of the property sold shall be subject to r ompliance with the provisions of this agreement, and the estrictions to be adopted and imposed by roes. The �l yb parties shall execute a memorandum of this a reemen_ setting forth the existence of restrictions and limitations upon the transferability and use of the property, which shall be properly acknoweldged and filed and immediately after execution of this agreement. A copy of group is in the responded to such its approval or planning philosop' uses of the areas the first draft preliminary plan by TCB and SWA possession of each party and each party has plan stating as to each proposal shown thereon disapproval of same, its objections to the ay or proposals shown, and its preferences as to shown on the plan. On or before , 1982, the parties _hall assemble and discuss the responses made to the first draft preliminary plan, and shall agree upon a directive to TCB /SWA for future development of a final master plan. Failing agreement as to such a directive, each party shall submit its own directive to the planning consultants. Pursuant to the planning process by TCBISWA, . _ .... _ .. _.,..,.... .._ �......_�..._....._....�.._ rte.- �..........,....�.. r..._. _ . has been retained to do a market analysis for the benefit of the planners in completing their final master plan. On or before 1 1982, or with ten days of the availability of the preliminary draft of such market analysis, the parties shall assemble and discuss such market analysis and shall agree upon a directive to TCB /SWA for future development of a final master plan, with respect to the considerations set forth in the market study. Failing agreement as to such a directive, each party shall submit its own directive to the planning consultants. After completion and presentation to the parties of the final marketing study by the market analyst, the parties shall submit a similar directive to TCB /SWA. Failing such an agreed � directive, the procedure set forth above shall be followed. This second directive concerning the market analysis shall be followed J by a final conference with TCB personnel concerning the final master plan. The final master plan shall be completed and presented to J the parties by TCB /SWA on before 1982. The parties shall have two weeks to review same and shall then assemble to �i approve or reject the plan. !t/ If the parties do not approve the plan within thirty days of formal submission by TCB /SWA, each party shall prepare a written statement of its position for TCB which shall suggest any revisions or modifications deemed appropriate. if the plan as thus modified fails to be adopted, and if the parties further agree to reach a compromise as to the plan to be adopted, each party shall designate two arbitrators, and TCB /SWA shall designate one arbitrator, and a final plan shall be adopted by the arbitrators by a majority decision. The final master plan shall include: (1) A definition of areas and the uses to allowed within such areas, sufficiently specific to be incorporated verbatim and to the restrictions and covenants ultimately imposed on the entire property. (2) (Remainder to be written) The final master plan may include a proposed plat of a first phase for development. If the final master plan does not include such a plat, the parties will designate an area to be so platted as Phase One of the project and retain an engineer to plat same. Any disputes concerning the area to be included in Phase One shall be resolved by arbitration in similar manner as provided above. The general location of Phase One shall be the northwest corner of the property at the confluence of Highway 6 and the extention of Greens Prairie Road, and the general size of Phase One shall be approximately acres. The property shall be restricted by instrument referencing the plat of phase one, and the instruments which constitute the source of title of the various properties, imposing upon the entire property: 1. The definitions of uses which are included within the master plan shall constitute restrictions of the parcels shown on the plat of phase one, and shall be set forth v verbatim as included in the final master plan, except upon unanimous agreement of the parties to the contrary. 2. The general restrictions attached hereto as Exhibit "H" shall be imposed upon the property included in phase one except upon unanimous agreement of the parties to the contrary. 3. The architectural control provisions attached hereto as Exhibit "H" shall be imposed upon the property included in phase one except by unanimous agreement of the parties to the contrary. 4. The property not platted as part of phase one shall not be sold or conveyed prior to platting and designation of subsequent phases including such property. All such property shall be restricted with the general restrictions set forth in Exhibit "H ". If no release from this agreement has occurred as provided by Section , either party shall be entitled to designate a portion of the property, not reserved for public or municipal use, for platting and development as phase two. Upon agreement by the parties as to the area to be included an engineer shall be retained to prepare a proposed plat of same. In the event of a failure to agree upon the location, size, or configuration of phase two, any dispute shall be submitted for arbitration as herein provided. Should TCB not then be available to designate an odd arbitrator, the parties shall select one by lot. In the absence of an acceptable choice, either party may apply to the district court for Brazos County, for the appointment of an odd arbitrator, who shall be a civil engineer who resides outside of Brazos County. Phases subsequent to phase one shall be constituted generall s follows as to size and location, unless the parties agree otheri e, and this provision shall be considered as guidance by any Yb appointed to resolve disputes as to the configuration o� subsequent phases. Phase Two acres; Northeast Phase Three acres; West Phase Four acres; East Phase Five acres; South Phase Six res; Southwest Each phase shall impose as restrictions the definitions of permitted use as set forth in the original master plan, unless the parties unanimously agree to the contrary; and the property platted for each phase shall contain the general restrictions set forth on Exhibit H attached to this agreement, and the appropriate architectural control provisions as set forth within said exhibit. CHANGE IN MASTER PLAN RESOLUTION OF SURVEY LINES DIVIDING PERMITTED USES, RESTRICTIONS AND COVENAN COSTS OF PLANNING AND DEVELOPME All costs reasonably incurred for planning and engineering with TCB /SWA from the date of this contract, and which are legally payable under existing contractural arrangements evidenced by attachments hereto, shall be borne as follows: JAC CSIDF Payment shall be made within days of statement made and received. Each party grants to the other a lien in and to property owned by such party to secure the payment of such costs. Such costs shall also include all services provided by engineers and planners pursuant to this agreement, and for the fees and expenses of arbitration where provided for herein. (Remainder to be written) PUBLIC SERVICES The City of College Station intends to construct upon a portion of the acres reserved by it for municipal use, a major sewage treatment facility capable of serving existing and future territory within its jurisdiction, including the property subject to this agreement. The City will plan and design temporary or permanent sewage treatment capability for the developed uses of the property and will cooperate with JAC to accomplish treatment capability at or near the time that prospective users of the developed property will need such services. (Cost Allocation to be written) The City presently operates a six inch water supply line on a portion of the property, subject to certain rights of the Texas World Speedway to water supply. The City is in the process of obtaining certification from the Public Utilities Commission G to serve the area in question with water supply, and will allow JAC to utilize the existing waterline for such supply to the degree that same is adequate for prospective users of the property subject to this agreement, and the existing needs of the speedway. The City will plan and design additional water storage and supply facilities and coordinate the progress of same with the development of the property in order to supply water at or near the time that prospective users of developed property will need such services. (Cost Allocation to be written) The City has previously investigated the possibility of establishing a southern substation from the GSU transmission line which dissects the property subject to this agreement. In accordance with the existing certification agreement adopted by the PUC of Texas involving the City of College Station and the City of Bryan, the City of College Station will supply electrical power to future users upon annexation of the property to be developed hereunder, subject to the necessary lead time for construction of facilities and pursuant to existing City ordinances concerning rates and provisions of electric service as amended. (Cost Allocation to be written) (Streets to be written) (Drainage Improvements to be written) (Parks, Golf Course, and Recreational Areas to be written) PROPERTY EXCHANGE AND MARKETING All parties to this agreement shall promptly advise the others of negotiations for the sale or lease of any portion of the property, including the following information: 1. Parties and interest. 2. Proposed uses. 3. Purchase price proposed or discussed_ 4. Terms and conditions of sale. All parties shall disclose to any prospect for the potential sale or lease of a portion of the property the material facts of the cooperative agreement set forth herein, including the location and anticipated costs of land available for sale or lease from other parties to this agreement. The party hereto which roduces a p for ultimate location within the community, and �wh ci h prospect ultimately locates upon property purchased or leased from the other party hereto shall receive: from the sale or lease, as the case may be. The "purchase price" in the event of a lease shall include any front end consideration, together with lease rentals capitalized over the life of the lease at the prime rate of Chemical Bank, New York, New York, less three percent. Payment to the producing party shall be made on a proportionate basis as such consideration is actually received by the seller or lessor. If either party fails to reveal the existence or identity of a prospect, and a decision to purchase or lease is made by that prospect, the party failing to lease such prospect shall pay to the other party fifty percent of its net gain from such transaction. Each party hereby grants to the other a lien to secure payment of sums due and payable under either of the above formulas. "Produces" as used herein with respect to a prospect shall mean: (a) Begins actual negotiation for a sale or lease, and (b) Reveals to the other party the existence and identification of the prospect as provided for herein. PROPERTY EXCHANGE /PURCHASE BY PARTIES As an alternative to arbitration of planned uses, restrictions, or the location of platted development phases, the party dissatisfied with the final proposal of the project consultants may require the other party to purchase the property owned by such party and: (a) Effected by such restrictions or use limitations, or (b) Located within such proposed develop- ment phase. Such party shall give notice of its intention to require the purchase of such property, and within ten days shall retain a competent appraiser to assess the value of the property. Such party shall be entitled to the market value of such parcel, less the cost of appraisal. Upon the making of a survey, the expense of which shall be borne equally by both parties, a conveyance shall be made upon a non - recourse basis to the other party and payment of the purchase price shall be made from sales of property within the platted area, of which it is a part, on a first dollar basis, final payment to be made not later than five years from the date of such conveyance. Either party dissatisfied with the decision of the appraiser may file suit for declaratory relief under Article 2524 -1 for a determination of the value of the property, however, the appraiser's determination shall control unless the court should determine a difference in the appraisal and the actual cash market value exceeding ten percent of the appraisal. Each party hereby grants and conveys unto the other a first right of refusal option to purchase or lease any tract C being offered for sale or lease upon identical terms and conditions. The offering party shall advise the other party of such terms and conditions, supply a property description sufficient to convey the parcel proposed to be sold or leased. If a proposed contract or lease has been prepared, a copy shall be furnished. The other party shall accept or reject same within four days beginning at 12:01 a.m. on the day after delivery of such contract or notice. Acceptance shall be by tender of an executed contract or agreement setting forth such terms. CONDITIONS OF RELEASE The parties shall be entitled to be released from this agreement only as set forth herein: (1) JAC shall be entitled to release if the City of College Station willingly fails to provide public services, including sewer, water, and electricity as contemplated and provided for by this agreement, and where not prevented from doing so by law or other legal authority. (2) Either party shall be entitled to be released if that party or the other party is legally prevented from com- plying herewith by constitution, statute, or by a final and unappealable agency ruling or existing court order, other than a temporary order. (3) Either party shall be entitled to be released if the other party has failed to execute any plat, restriction., cove- nant, or conveyance provided for herein or required by a court acting in enforce-- ment of this agreement. The party seeking release must do so by seeking a declaration of same under Article 2524 -1 within 120 days of such party's entitlement to release. The court shall apply equitable principals in determining whether or not to grant such release including: (a) Conduct on the part of the party seeking release which is contrary to the essence and spirit of this agreement. (b) Justification on the part of the party opposing such release. (c) The relative good faith of both parties in attempting to carry out the objectives of this agreement. If the party seeking release is entitled to same, the court shall further determine whether or not a complete or parties release from the provisions of this agreement shall be granted, and in making such determination shall consider the original intentions of the parties and existence of changed circumstances, if any. The court may modify the obligations of the parties in connection with such release where the original objectives of this agreement are furthered or accomplished thereby. FIDUCIARY RESPONSIBILITY The parties acknowledge that each hereby reposes trust and confidence in the other toward the fulfillment of their 5 mutual objectives as set forth herein, and that a fiduciary relationship thereby exists between them. This agreement may be enforced in equity by any appropriate order, or by modification, or by the imposition of a constructive trust. It is expressly agreed and understood that a court exercising jurisdiction over the parties may impose a constructive trust, or appoint a receiver to effectuate the original intentions of the parties, where an obligation to convey exists or where a party has wrongfully refused to execute a plat, or other instrument required by this agreement. DAMAGES Neither party shall become obligated to the other party for "consequential damages" by virtue of this agreement. The term "consequential damages" shall mean and include the cost of funds or the loss of use of money, any anticipated profit or benefit of bargain, administrative or overhead costs of the parties, or the value of time and effort of either party, expenses incurred by a party in compliance herewith or in analysis of its rights hereunder. Attorney's fees shall only be recoverable: (a) In the instance of a monetary obligation for which demand was made, and in accord- ance with Article 2226; (b) Where performance required by this agree- ment has been knowingly withheld by a party capable of performing. In such instance, attorney's fees shall be recoverable for declaratory, injunctive, or other relief. . Where either party has in reliance upon performance required hereunder on behalf of the other party expended funds toward the development of a portion of the property, such development costs shall be recoverable from the non - performing party to the extend that such non - performance has caused actual legal loss or harm to the performing party. TORT LIABILITY This agreement shall not alter the principals governing tort liability of the parties except where its operative effect creates derivative duty or liability as a matter of law. The existing defense of sovereign immunity shall not be affected hereby by virtue of the fact that the City's involvement in traditional governmental functions is related to or affected by this agreement. INSURANCE (to be written) FINANCIAL CAPABILITY Both parties have exchanged financial statements and have familiarized themselves with the capabilites and resources necessary for the implimentation of this project. Prior to the platting of any phase of development, the parties shall obtain an engineer's estimate of the cost to construct streets, electric service, sewers, drainage improvements, sewage treatment facilities, and other necessary on -site improvements for such phase of development. Each party shall provide the other with an acceptable guarantee of its financial capability to complete such development phase. In the absence of an agreement as to the sufficienty of such guarantees, it shall be sufficient to furnish The amount of such letter of credit or other guarantee by each party shall be the portion of such improvements which said party is obligated to complete hereunder. Where a portion of the improvements are to be constructed by the City of College Station, it shall be sufficient as a guarantee hereunder for the Director of Finance to certify that such funds are presently on hand, budgeted for such purpose, and will be available for disbursement as needed. EFFECTIVE DATE OF AGREEMENT REPRESENTATIONS OF PARTIES GENDER APPLICABLE LAW CONFLICT OF LAWS DUPLICATE ORIGINALS (to be written or added) AGENDA AUGUST 19, 1982 GUESTS Larry Burnside Gene Black l l Reading of Minutes a� - � ► 4 G Financial Report �ON L^W Prospect Report pip �, .� �• 6 4� 4. Legal Status - Lowell Denton 5. Market Report - Stan Madden a) Approval for D.H. Goehrirg to visit 3 locations with market team b) Need 1 volunteer for Los Colinas • 6. Chamber of Commerce Report - Jim Scarmardo1 �1 a) Dues b) Industrial Funds for Chamber of Commerce 7. College Station Financial Corporation Gene Black COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Cash Receipts and Disbursements For the Month Ended July 31, 1982 BALANCE FORI 6/30/82 $21,495.89 ;T�["Iwe City of College Station 60,000.00 TOTAL ASSETS DISBURSEMENTS Turner Collie & Braden, Inc. 9,340.00 General Telephone 213.72 Ingram, Wallace & Co. 186.75 Conlee Brothers 159.33 Ramada Inn 116.09 Aetna Life 59.00 D.H. Goehring - salary 1,944.2.0 F.I.C.A. 723.30 Grapevine 56.56 D.H. Goehring - furniture 468.95 Ingram, Wallace & Co. 57.75 Internal Revenue Service 881.41 General Telephone Co. 12.2.16 Anco Insurance 115.00 D.H. Goehring 1,920.50 City of College Station - F.I.C.A., etc. 579.50 TOTAL DISBURSE "9ENTS BALANCE Current Outstanding Checks BALANCE PER BANK STATEMENTS University National Checking Account balance United College Station Bank Checking Account Balance United College Station Bank Savings Account Balance $81,^95.89 16,944.27 64,551.62 1,403. $65,955.34 $ 8,227.94 2,727.40 55,000.00 65,955.34 (Unaudited) Unitedbank August 13, 1982 College Station JAMES E. SCAMARDO President $ - -13 --A y As you know, I serve on the Board of the Chamber of Commerce and was present at the meeting Tuesday, when it was decided not to accept fundinq from any individual foundation. I would like to share some o my personal views with you and ask that you share your personal ideas with me so I can do a better job of representing you in the future. The Chamber Board endorsed my general concept Tuesday to streamline and re- define the Chamber's role in industrial development and its stated policy on recruiting. In general the concept would be for the Chamber to support Brazos County specifically and not any one foundation to the exclusion of the others. The Chamber executive director would not go industrial foundation meetin s as in t e past and wou not 'serve to the Brazos County Industrial Foundation any longer nor do any of their "Contractual Work ". z A copy of the previously adopted Chamber of Commerce Industrial Development policy is enclosed for you to review. Please read the document and let me know if the policy should be completely disregarded and if so, specifically what formal policy would you recommend for the Chamber to adopt? If you feel that a large portion of the old policy is acceptable, and can be amended please let me have your specific suggestions. I believe that the Chamber should continue to provide all individual and business prospects with as much information as possible (approved pamphlets, films, etc.) to sell Brazos County as a whole, b t the Chamber role recruiting sh 4J J d to more than providing in ustrial prospects with a "points -of- interest" map designating the location o a Chamber mem er in us ria sites and foundations in the community along with the name, address and phone number of their respective offices and Chief Exectuve Officers. Another approach would be for the Chamber to have a professional brochure prepared annually identifying the previously mentioned information about Chamber industrial members along with a statement of policy relating to the stated goals of each foundation. For instance the stated goals of College Station might be for businesses interested in high technology and research and the goals for Bryan might include a description or light manufacturing. In this regard, Chamber personnel would be instructed to give the prospects the same approved information and the actual selling of real estate in industrial parks would be handled by each individual foundation. The questions of follow up, 1501 So. Texas at Culpepper Plaza • P.O. Box 10064, College Station, Texas 77840 • 713 -693 -1414 Member l-DIC equal basis. The Chamber executive will have discretion to use members of the team in a manner consistent with the interests of the prospect. /5• When a decision to locate in Brazos County has been made by an indust h al prospect, information on the prospect will be released to all parties that have a direct interest in this information (e.g., banks, real estate firms, etc.) at the same time and in the same format. i 6. Responsibility for monitoring compliance with these policies ♦ will rest with the Vice President of the Industrial Division of the Bryan - College Station Chamber of Commerce. W� �� / personal contact and confidentiality requests might be supervised by the past presidents committee. If a business prospect asks to meet locally with an industrial information team relating to municipal services, utilities and Texas A &M University etc., the Chamber staff would call only the Executive officers of the local public service organizations including the City Managers and members of their staff as well as the Chancellor of the University or his designee as requested by the client. In essence, the Chamber role would be to support Brazos County, free enterprise and competition in our business community which I think is a healthy position. Please take time to let me have specific recommendations; reduce them to writing, put your name on it and return it to me by 4 PM Monday. If we do not respond.to the Chamber request for formal recommendations now, then we really do not have any right to complain at a later date I will present your suggestions to the Chamber Executive Committee meeting on Tuesday at 6:45 AM.. Thanks for your support and participation. Yours truly, E. SCAMARDO t equal basis. The Chamber executive will have discretion to use members of the team in a manner consistent with the interests of the prospect. ✓S. When a decision to locate in Brazos County has been made by an industrial prospect, information on the prospect will be released to all parties that have a direct interest in this information (e.g., banks, real estate firms, etc.) at the same time and in the same format. i 6. Responsibility for monitoring compliance with these policies will rest with the Vice President of the Industrial Division of the Bryan - College Station Chamber of Commerce. /��, Alp BRYAN-COLLEGE STATION CHAMBER OF COMMERCE Policies on Industrial Development It shall be the objective of the Bryan- College Station Chamber of Commerce to assist industria firms interested in locating In an unl "r)ge in Brazos County. In doing sq, it will cooperate with industrial foundations or other organizations representing the political subdivisions in the county w have an interest in attracting industry. In pursuing its industrial development objectives, the Bryan - College - Station Chamber of Commerce shall be guided by the following policies: 1. The Chamber will designate one employee who shall be responsible for directirig and managing the industrial development program. 2. The Chamber will be responsible for promotion of the two cities IN the aq q re -Ja+e and county as a pot�entipll industrial site�and will be responsible for maintaining information in PV _p format/ that will be of interest and usefulness to industrial prospects. The Chamber will attempt to respond to all reasonable requests for information in a timely fashion. 3. The Chamber will maintain a � (c nty_a '_)e on all industrial prospects. This file will contain all information provided by or collected about the prospect and . will bethe exclusive property of the Chamber executivb responsible for industrial development. Release of information in this file will b.e governed by the following procedures: 1 'fDIdG'r on�Y a) Information in a prospect's file will be released A in a manner consistent with the requests for confidentiality by the client and /or when the prospect is interested in active consideration of the community and will be provided to all units representing political subdivisio (e.g., Brazos County Industrial Foundation, College Station Industrial Development Foundation, etc.) on an basis - -i at the same time and in the same form) b) It is expected that most industrial prospects will have their initial contact with the Chamber of Commerce. Where the initial contact is made by or with a unit of a political subdivision (e.g., BCIF, CSIDF,'etc.), the unit involved will file information on this prospect with the Chamber of Commerce execrative responsible for industrial development. This prospect will remain an "exclusive client" of the unit involved and the file will be shared with other units until the initiating unit agrees or until directed by the Yice President of the Industrial Division of the Chamber. 4. An Industrial Development Team, approved by the Chamber Fequal ve Committee, will be appointed to assist the Chamber executive ible for industrial development. Whatever information is appropriate hared about a prospect will be shared with members of - the team on an asis. The Chamber executive will have discretion to use members of in a manner consistent with the interests of the prospect. ✓5. When a decision to locate in Brazos County has been made by an Industrial prospect,' Information on the prospect will be released to all parties that have a direct interest in this information (e.g., banks, real estate firms, etc.) at the same time and in the same format. i 6. Responsibility for monitoring compliance with these policies ♦ will rest with the Vice President of the Industrial Division of the Bryan - College Station Chamber of Commerce. Bryan - College Station Chamber of Comme Industrial Development Committee North Bardell Harry L. Gillam City Manager KBTX -TV CITY OF COLLEGE STATION Box 3730 College Station, Texas 77840 Bryan, Texas 77805 Gaylord White District Manager Bryan Utilities LONE STAR GAS COMPANY CITY OF BRYAN 201 E. 27th Street Bryan, Texas 77801 Bryan, Texas 77801 Pat Mann Executive Vice President B -CS CHAMBER OF COMMERCE Bryan, Texas 77801 Terry Biss BABCOCK & WILCOX 1700 Independence Blvd. Bryan, Texas 77801 Tom Salamon THE NORTON COMPANY Box 4165 Bryan, Texas 77805 r Walt Baker TEXAS EMPLOYMENT COMMISSION Box 153 Bryan, Texas 77805 Jerrell D. Teltow CENTRAL FREIGHT LINES, INC. Box 3443 Bryan, Texas 77805 Dennis H. Goehring C.S.I.D.F. President 2615 S. Texas Avenue College Station, Texas Johnny Lampo FARMERS MARKET 2700 Texas Avenue Bryan, Texas 77801 Gary Halter Mayor of College Station Box 9960 College Station, Texas 77840 Richard Smith Mayor of Bryan 3742 Texas Avenue Bryan, Texas 77801 Terry Rock TEXAS INSTRUMENTS, INC. Box 10028, MS 3811 College Station, Texas 77840 F. P. (Rick) Hunsicker Project Manager, Electronics Assembly Plant. WESTINGHOUSE CORPORATION College Station, Texas 77840 Ernest Clark City Manager CITY OF BRYAN Bryan, Texas 77801 William V. Muse Dean, College of Business Administration TEXAS A&M UNIVERSITY 77840 College Station Texas 77843 Unitedbank College Station August 19, 1982 D. A. Anderson 1202 Foster College Station, Texas 77840 Dear Mr. Anderson: Enclosed is a copy of information relating to the Chamber of Commerce concerns. Please read the information in the strictest confidence and let me have your input in this regard. I apologize for not getting this information to you before now and look forward to hearing from you. I have a great deal of respect for your contributions to the community. Hope to receive a formal response to this regard. Yours my Scamardo President JES /sf enclosure 1501 So. Texas at Culpepper Plaza • P.O. Box 10064, College Station, Texas 77840 • 713 -693 -1414 Member FDIC Unitedbank August 16, 1982 Mr. Steve Arden 2601 Rustling Oaks Dr. Bryan, Texas 77801 Dear Steve: In recent months I have received many calls at the bank in relation to Chamber concerns and needless to say; the number of calls have accelerated since the Chamber Board meetinn lac± .i1eek In order to get back to imiy'pr'imary work at the bank, I finally dictated a letter outlining my position on the primary concern, industrial development, and ask that my' secretary simply give these - people a copy - of my - w ritten'position and for them to respond in a like manner. I� promised these people that their ideas and concerns would be presented to the Chamber. College Station JAMES E. SCAMARDO President During the last week, I recieved three formal responses (copies attached) and there have been eight people choosing to respond on an informal basis. Of the eight informal responses, two believe that the solution to Chamber problems would be separate Chambers of Commerce. Six support a single Chamber resolving existing concerns and specifically endorse revision of the Chamber Industrial Program as outlined in my'letter dated August 13, 1982, (copies attached). People have also expressed other areas of concern in addition to the industrial development - process and feel they - should also be addressed frankly. The additional concerns mentioned are: 1. preceived staff leadership. 2. A long range goal - one visable central office at a location acceptable to everyone that - presents the proper image for the business community. 3. formal operating'policies,'procedures, and management charts 4. Chamber dues - an increase If additional suggestions are received, I will provide them to you and I ask that the information submitted be made available to the appropriate committee. Yours truly; im E. Scamardo JES:ss cc: Dr. Bill Muse 1501 So. Texas at Culpepper Plaza • P.O. Box 10064, College Station, Texas 77840 • 713- 693 -1414 Member FDIC August 13, 1982 Unitedbank College Station JAMES E. SCAMARDO President Mr. Steve Arden 2601 Rustling Oaks Dr. Il - . - . uiydn, T �n I801 Dear Steve: This is the copy of a letter I had delivered to several people who have recently contacted me about their Chamber concerns and I am sending you a copy as additional information. I think that with quality imput from everyone, we can have a very strong and unified Chamber of Commerce. Yours trul JAMES E. SCAMARDO JES:cu cc: Dr. Bill Muse 2106 Quail Hollow Dr. Bryan, Texas 77801 1501 So. Texas at Culpepper Plaza • P.O. Box 10064, College Station, Texas 77840 • 713 - 693 -1414 Member FDIC lln August 13, 1982 College Station JAMES E. SCAMARDO President As you know, I serve on the Board of the Chamber of Commerce and was present at the meeting Tuesday, when it was decided not to accept funding from any individual foundation. I would like to share some of my personal views with you and ask that you share your personal ideas with me so I can do a better job of representing you in the future. The Chamber Board endorsed my general concept Tuesday to streamline and re- define the Chamber's role in industrial development and its stated policy on recruiting. In general the concept would be for the Chamber to support Brazos County specifically and not any one foundation to the exclusion of the others. The Chamber executive director would not go to any industrial foundation meetings as in the past and would not serve as secretary to the Brazos County Industrial Foundation any longer nor do any of their "Contractual Work ". A copy of the previously adopted Chamber of Commerce Industrial Development policy is enclosed for you to review. Please read the document and let me know if the policy should be completely disregarded and if so, specifically what formal policy would you recommend for the Chamber to adopt? If you feel that a large portion of the old policy is acceptable, and can be amended,, please let me have your specific sugg.-Stions. I believe that the Chamber should continue to provide all individual and business prospects with as much information as possible (approved pamphlets, films, etc.) to sell Brazos County as a whole, but the Chamber role in recruiting should be limited to no more than providing industrial prospects with a "points -of- interest" map designating the location of all Chamber member industrial sites and foundations in the community along with the name, address and phone number of their respective offices and Chief Exectuve Officers. Another approach would be for the Chamber to have a professional brochure prepared annually identifying the previously mentioned information about Chamber industrial members along with a statement of policy relating to the stated goals of each foundation. For instance - -he stated goals of College Station might be for businesses interested in high technology and research and the goals for Bryan might include a description o1 light manufacturing. In this regard, Chamber personnel would be instructed to give the prospects the same approved information and the actual selling of real estate in industrial parks would be handled by each individual foundation. The questions of follow up, 1501 So. Texas at Culpepper Plaza • P.O. Box 10064, College Station, Texas 77840 • 713 -693 -1414 Member FDIC Personal contact and confidentiality requests might be supervised by the past presidents committee. If a business prospect asks to meet locally with an industrial information team relating to municipal services, utilities and Texas A &M University etc., the Chamber staff would call only the Executive officers of the local public service organizations including the City Managers and members of their staff as well as the Chancellor of the University or his designee as requested by the client. In essence, the Chamber role would be to support Brazos County, free enterprise and competition in our business community which I think is a healthy position. Please take tune to let me have specific recommendations: reduce them t-I writing, put your name on it and return it to me by 4 PM Monday. If we do not respond to the Chamber request for formal recommendations now, then we really do not have any right to complain at a later date I will present your suggestions to the Chamber Executive Committee meeting on Tuesday at 6:45 AM. Thanks for your support and participation. Yours truly, JAMES E. SCAMARDO Bryan College Station Chamber of Commer Industrial Development Committee North Bardel l Harry L. Gi 1 lam City Manager KBTX -TV ' -- CITY OF COLLEGE STATION Box 3730 College Station, Texas 77840 Bryan, Texas 77805 Gaylord White Bryan Utilities CITY OF BRYAN Bryan, Texas 77801 District Manager LONE STAR GAS COMPANY 201 E. 27th Street Bryan, Texas 77801 Pat Mann Executive Vice President B - CS CHAMBER OF COMMERCE Bryan, Texas 77801 Terry Biss BABCOCK & WILCOX 1700 Independence Blvd. Bryan, Texas 77801 Tom Salamon THE NORTON COMPANY Bo.,( 4165 Bryan, Texas 77805 Walt Baker TEXAS EMPLOYMENT COMMISSION Box 153 Bryan, Texas 77805 Jerrell D. Teltow - L:NTRAL FRE!31i, LINES, INC Box 3443 Bryan, `iexas 77805 Gary Halter Mayor of College Stator. Box 9960 College Station, Texas 77840 Richard Smith Mayor of Bryan 3742 Texas Avenue Bryan, Texas 77801 Terry Rock TEXAS INSTRUMENTS, INC. Box 10028, MS 3811 College Station, Texas 77840 F. P. (Rick) Hunsicker Project Manager, Electronics Assembly Plant. WESTINGHOUSE CORPORATION College Station, Texas 77840 Ernest Clark Ci t" M. agei CITY 0.' BRYAN Bryan, Texas 77801 Dennis H: Goehring William V. Muse C.S.I. D. F. President Dean, College of Business Administration 2635 S. Texas Avenue TEXAS A &M UNIVERSITY College Station, Texas 77840 College Stationi Texas 77843 Johnny Lampo FARMERS MARKET 2700 Texas Avenue Bryan, Texas 77801 Office: 693 -8277 Emergency: 846 -2578 JAMES RUSSELL BRADLEY, JR., D. D. S. 209 Dominik East College Station, Texas 77840 �.� -�.�'/ �,��rrr.•.�. �� ik roc./ �� cc!' ��'� u��.1�� 1��.� wo 6 C j � f; DI te „ G � / dr colle e exas 77a l' 9 station t . r August 16, 1982 Mr. Jim Scamardo - United Bank 1501 S. Texas Avenue` College Station, Texas 77840 Dear Jim, Pursuant to your request,,I have carefully studied the information forwarded to me and considered the matter at length. _I realize the tenderness of the situation and for that reason I request that this letter be considered fo� your eyes only and as a conversation between friends. It is my opinion that our Chamber of Commerce has no single problem. As you know, the issues are complex and industrial development is only one of the many issues. ;Apparently the decision making process of the B -CS Chamber of Commerce is being questioned and, by some, criticized. However, I feel that taking a negative attitude will further deteriorate the obviously mixed loyalities that already exist. Overall, I don't think a new Industrial Development policy will stop the talk of forming a College Station Chamber of Commerce. In fact nothing will stop all of the talk; it's been going on for years now. There is credence in both sides of the story. Jim, maybe it is time to consider forming a separate Chamber of Commerce in College Station. Growth and community goals may indicate that need. But this is a decision that many individuals must help make. I honestly believe that the Executive Committee must, above all, (1) keep an open mind and (2) strive to keep the peace between our communities. If the decision is made to split the Chamber, then the announcement should be made jointly and with no hard feelings. A clean cut heals much faster, as was the fact when College Station elected to provide its own utilities. In retrospect, I honestly have mixed emotions. I will support a College Station Chamber of Commerce. I will con - tinue to support the B -CS Chamber of Commerce. I sincerely appreciate the opportunity to voice my I �+ . 1 t r b d� ,uc�z�� c�<d rlu Clcuy l G/�G �CerL(u Ce��vcf `l��cua cx. 40 �aned- da+ -je�t� �3h az�t.�f 2ec �vufs�y c��v -`rte, "- �CCL� d �iY t�k CC�ui.LEL� all f�c�l � �z L� ��y DP4F -T = )COA- 4)i 5L U 55.1DAI 01U BRYAN- COLLEGE STATON CHAMBER OF COMMERCE Policies on Industrial Development It shall be the objective of the Bryan- College Station Chamber of Commerce to assist industrial firms interested in location in Brazos County. In doing so, it will cooperate with member industrial foundations in the county who have an interest in attracting industry. in pursuing itc industrial development ohiectives, the Bryan- College Station Chamber of Commerce shall be guided by the following policies: 1. The Chamber will designate an employee perceived to be completely neutral to both Bryan and College Station who shall be responsible for directing and manag- ing the Chamber's industrial development activities. 2. The Chamber will promote the two cities and county as a potential industrial site and will be responsible for maintaining information in an approved and attractive format that will be of interest and usefullness to industrial prospects. Approved information is to be provided all industrial prospects and will include a brochure containing a "location points of interest map" identifying the sites of member foundations and privately owned and established member parks and their addresses. The name of their chief executive officer, phone number and a brief description of the stated goals of each will also be included in the brochure. This information will be made available at all Chamber locations The Chamber will attempt to respond to all reasonable requests for information in a timely fashion. 3. The responsibility for recruiting and entertaining industrial prospects and marketing specific industrial sites will reside with the various industrial foundations in the county and /or the owners of the property in which a prospect has an interest. 4. The Chamber will compile a list of all industrial prosepcts with whom it has contact and provide this information to interested chamber members in weekly reports that are made available to all parties at the same time. Information about a prospect will be coded to protect confidentiality, if requested. All confidential- ity requests will be reviewed monthly and given final approval by the Past Presidents' Committee. The Past Presidents' Committee will also monitor and log proper follow -up procedures in order to insure that the prospect receives all the information needed to make a business decision about our community, 5. No chamber employee will serve on the board, be an officer, or be employeed by an industrial foundation in Brazos County or have any financial interest in any industrial real estate or firm that deals in real estate. BRYAN - COLLEGE STATION CHAMBER OF COMMERCE Policies on Industrial Development Page 2. 6. If a business prospect asks to meet locally with an industrial information team, the Chamber would arrange a meeting and notify: 1. Both Bryan and College Station City Managers and the staff they may require. 2. Executive Officers of all Industrial Foundations- 3. County Judge or his employee appointee 4. Texas A &M University Chancellor or his appointee. 5. Executive Officers of Utility company or their employee appointee 6. If representatives from the private business community are requested by the client, the staff may invite members of the Past Presidents Committee. 7. Additions deemed necessary by the client to the above may be approved by the executive officers of the Industrial Foundations by telephone. In essence, the Chamber role would be to support Brazos County, free enterprise and competition in our business community. 1 . �1 � 1 1 �. OFFICERS D. H. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, JR Treasurer BOARD OF DIRECTORS D. A. ANDERSON Former Mayor - College Station College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (713) 696 -8989 August 12, 1982 D. A. Anderson 1202 Foster College Station, TX 77840 Dear Andy: STEPHEN L. BAKER The next Board meeting of the College Station President - Commerce National Industrial Development Foundation will be Thursday BILL J. COOLEY August 19th at 12:00 noon at the College Station County Commissioner C lmmity Center loca ersey Street. LUriCh W. D. FITCH will be served. RSVP (697 - 8989) Developer D. H. GOEHRING Major agenda item will imclude the sale of President - CSIDF 600 acres to a "super If raps�t. " GARY HALTER � Mayor - College Station Sincerely, J. B. H President t - Com munity S & L PHYLLIS HOBSON Dennis H. Goehrina Home Finders Realty President JOHN R. HUGHEY President - O. I. Corp. DHG /af F. P. HUNSICKER Plant Manager - Westinghouse TONYJONES General Contractor ROY W. KELLY A -1 Auto Parts W. G. LAND Executive V.P. - RepublicBank A &M WILLIAM F. PHILLIPS, JR. President - Homestead S & L W. ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER President - University National JIM E. SCAMARDO President - Unitedhank J. P. WATSON Watson Hardware MINUTES OF THE REGULAR MONTHLY MEETING OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT BOARD OF DIRECTORS HELD JULY 15, 1982, AT THE COMMUNITY CENTER IN COLLEGE STATION, TEXAS. The meeting was called to order by Dennis H. Goehring. The following directors were present: Dennis H. Goehring Roy W. Kell Bill Cooley y Skip Porter Dick Hervey Andy Anderson Jerry Land Steve Baker J.P. Watson Lowell F. Denton Also present: Stan inadden, Marketing TAMU, North Bardell, City Manager, A.E. Vandever, Asst. City Manager, Pat Mann, Ex.V -Pres. Chamber of Commerce, Al Mayo, City Planner, Elrey Ash, City Engineer, Randall Pritchett, JAC Developers, Bob Spearman, Tom Aughinbaugh, United'Bank College Station Alice Fleetwood, secretary. Stan Madden reported on the marketing study. He stated the ground- work has begun which centers on the supply /demand factors. Also reviewing other parks nationwide and keeping tabs on TAMU's movement for their own "High -Tech Park ". The study will explore the reaction of the prospect for dual development, with the university behind our schedule. Review of residential market in the future is also being examined. Madden encouraged input from Board members on all aspects with the scope of the project. The efforts of San Antonio and Austin were noted and feel we should develop strong communication because the cities can compliment each other. The potential relationship with the City of San Antonio for a legal /economic cooperation on park develcpment was discussed. D. Goehring has invited Mayor Cisneros of San Antonio to a reception here at the Community enter on Monday, July 27th. This should open communication between the two cities. The Board is asked to attend. The Texas Industrial Development Conference meeting is San Antonio was announced. The dates are September 8 ,9,10, &11th and all are invited to attend. Pat Mann will be a speaker at the con- ference. t The College Station F /racial Corporation was announced. Tom Au inb and the committee will formalize the app. and t aug p ackage on Au ust 1st for the SBA rogram. Pat Sie ert b V visiting eac of t e oa ra MeMers and seeking a resume history and financial statement. ► personal 2 CSDIF /Bd. Meeting July 15, 1982 Page 2 The request to contribute funds to the Brazos Valley Industrial Development Foundation was tabled by motion of Steve Baker,✓ q seconded by Bill Cooley and agreed on by the Board. Board is concerned as to what they will � get for their money, and a request to review Muse's Policy before a decision is made. Lowell Denton stated negotiations with JAC and Bob Spearman are continuing. They discussed cross - option on acreage with promised visibility and access on Hwy.6. North Bardell discussed the possible availability of Gulf States ceding the TX Speedway annex if we assume retail services. No formal commitment has been made. Bob Spearman wanted to clarify his position that JAC had agreed to his initial position before selling his portion of the park. The Board understands and appreciates his position. D.H. Goehring stated it has been 1 year since the land was acquired. We have gained attention from the state, the goals have been set, objective formated and the economic opportunity for the next decade is in sight. TCB has drafted an integration of ideas as the prelimnary There was some discussion as to the need andssibl i stage. written agreement of what is to be developed i i in park. k of a Board would like to be involved in the early stages of the plan- ning of the park. It is not feasible as of yet to have a written plan, by next meeting there will be additions to the draft and the Board is welcomed to review it. The Board unanimously approved the purchase of D.H. Goehring's office furniture which included a small couch and coffee table. The minutes were read and approved by the Board. There being no further business before the meeting, upon motion and second the meeting was adjourned. The foregoing minutes of the corporation are true and correct, and were approved by the Board at is subsequent meeting on August 19, 1982. Lowel ento � � Z Secretary TEXAS A&M UNIVERSITY COLLEGE OF BUSINESS ADMINISTRATION COLLEGE STATION, TEXAS 77843 -4113 Office of THE DEAN 23 April 1982 MEMORANDUM TO: Paul Nealis. Bryan Development Foundation (BDF) Johnny Lampo, Brazos County Industrial Foundation (BCIF) = Dennis Goehring, College t Lion Industrial Development SUBJECT: Committee to Recommend Wa s to F' V/ Foundation (CSIDF) Inance Industrial Development Activities Each of you has received a letter from Steve Arden, President of the Bryan Station Chamber of Commerce, appointing you to a committee to "consider and recommend how the Chamber is to finance its industrial effort and what the Chamber's relationship should be to county indus- trial organizations." I will be out of town until 03 May, but will be calling you after that date to set up a time for the committee to meet. In prepara- tion for that meeting, I will attempt to identify the issues that we need to deal with. Und the n w olicies on industrial development ado adopted �Y the Chamber, its primary role will be to work with the various indus- trial foundations representing the political subdivisions in the county in attracting industry to this area. The basic questions, then, are: 1) What services should the Chamber of Commerce provide to facilitate the industrial development effort? 2) How should the costs of providing these services be financed? In the past, as you know, the Brazos County Industrial Foundation (BCIF) has essentially underwritten the Chamber's industrial development program by an annual contribution of $30,000 $40,000. There has been some criticism of this arrangement on two grounds: 1) If the Chamber is to provide services to all of the industrial foundations, each should share the costs. 2) An arrangement whereby funding is coming from only one source creates the possibility of a "favored relationship" or at least the appearance of one. Paul Neal is Johnny Lampo Dennis Goehring 23 April 1982 page two The alternatives, then, would appear to be: 1) Continue the present arrangement in which BCIF underwrites the costs of industrial development activities by the Chamber. 2) Spread the costs of industrial development equally or proportionately among the three industrial foundations. 3) Spread the costs of industrial development to all Chamber members via an increase in Chamber dues. I'll look forward to discussing these issues with you. Sincerely, William V. Muse Dean xc: Steve Arden BRYAN - COLLEGE STATION CHAMBER OF COMMERCE Policies on Industrial Development It shall be the objective of the Bryan- College Station Chamber of Commerce to develop programs to assist industrial firms interested in locating in Brazos County. In doing so, it will cooperate with industrial foundations !� or other organizations representing the political subdivisions in the county �l who have an interest in attracting industry. In pursuing its industrial development objectives, the Bryan - College Station Chamber of Commerce shall be guided by the following policies: 1. The Chamber will designate one employee who shall be responsible for directing and managing the industrial development program. A 2. The Chamber will be responsible for promotion of the two cities and county as a potential industrial site and will be responsible for maintaining information in attractive formats that will be of interest and usefulness to industrial prospects. The Chamber will attempt to respond to all reasonable requests for information in a timely fashion. 3. The Chamber will maintain a central file on all industrial prospects. This file will contain all information provided by or collected about the prospect and will be the exclusive property of the Chamber executive responsible for industrial development. Release of information in this file will be governed by the following procedures: a) Information in a prospect's file will be released in a manner consistent with the requests for confidentiality by the client and /or when the prospect is interested in active consideration of the community and.will be provided to all units representing political subdivisions (e.g., Brazos County Industrial Foundation, College Station Industrial Development Foundation, etc.) on an equal basis -i.e., at the same time and in the same form. b) It is expected that most industrial prospects will have their initial contact with the Chamber of Commerce. Where the initial contact is made by or with a unit of a political subdivision (e.g., BCIF, CSIDF, etc.), the unit involved will file information on this prospect with the Chamber of Commerce executive responsible for industrial development. This prospect will remain an "exclusive client" of the unit involved and the file will not be / shared with other units until the initiating unit agrees or until directed b the Vice President of the Industrial Division of the Chamber. 4. An Industrial Development Team, approved by the Chamber Executive Committee, will be appointed to assist the Chamber executive responsible for industrial development. Whatever information is appropriate to be shared about a prospect will be shared with members of the team on an equal basis. The Chamber executive will have discretion to use members of the team in a manner consistent with the interests of the prospect. 5. When a decision to locate in Brazos County has been made by an industrial prospect, information on the prospect will be released to all parties that have a direct interest in this information. (e.g., banks, real estate firms, etc.) at the same time and in the same format. 6. Responsibility for monitoring compliance with these policies will rest with the Vice President of the Industrial Division of the Bryan - College Station Chamber of Commerce. CoIIege Station Industrial Development Foundation 2615 'Texas Avenue South College Station, Texas 77840 ( 713) 696 -8989 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Sec. /City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS STEPHEN L. BAKER Pre&. -Commerce Nat'l BILL J. COOLEY County Commissioner W. D. FITCH Developer D. H. GOEHRING President/CSIDF GARY HALTER Mayor -College Station J. B. HERVEY Pres. - Community S S L PHYLLIS HOBSON Home Finders Realty JOHN R. HUGHEY Pres. - 0.1. Corp. TONY JONES General Contractor ROY M. KELLY A -1 Auto Parts WILLIAM F. PHILLIPS, JR. Pres. - Homestead S Fa L W. ARTHUR "Skip' PORTER Director - TEES JOE R. SAWYER Pres. - University Nat'l JIM E. SCAMARDO. Pres. College Station Bank J. P. WATSON Watson Hardware July 21, 1982 RECEPTION FOR MAYOR HENRY CISNEROS PLACE: COLLEGE STATION COM21UNITY CENTER ROOM 127 TIME: 1:30 pm HOST: CITY OF COLLEGE STATION RSVP: 696 -8989 AGENDA - SEPTEMBER 16, 1982 1. Reading of Minutes / _ 4044 114 3 °0 / 2. Financial Statement j �ne''iG�i�s/G 3. Report on Jack Nicklaus 4. Stan Madden Report 5. Old Business /New Business September 13, 1982 The next Board meeting of the College Station Industrial Development Foundation will be Thursday, September 16, 1982 at 12 :00 noon at the College Station Community Center located 1300 Jersey Street. Lunch will be served. RSVP (696- 8989). MINUTES OF THE REGULAR MONTHLY MEETING OF THE COLLEGE INDUSTRIAL DEVELOPMENT FOUNDATION BOARD OF DIRECTORS 19, 1982, AT THE COMMUNITY CENTER IN COLLEGE STATION, Meeting was called to order by Dennis H. Goehring. The following directors were present: Dennis H. Goehring W.G. Land D.A. Anderson Stephen Baker Dick Hervey John R. Hughey Jim Scamardo Roy Kelly Phyllis Hobson Lowell Denton, STATION HELD AUGUST TEXAS. secretary Also present: Stan Madden, Marketing TAMU; Randall Pritchard, JAC Developers; Al Mayo, City Planner, Elrey Ash, Director of Capital Improvement for City; A.E. VanDever, Asst. City Manager, Gene Black, SBA; Alice Fleetwood, secretary; Jose Arguello, JAC Developers. The minutes were read and approved by the Board. The financial statment was reviewed and approved. Dennis Goehring reported that the park is in contact with the Jack Nicklaus Corporation. They are coming to College Station to view 600 acres of the park Thursday, August 26th. D. Goehring arranged, with Young Brothers and A.P. Boyd, a helicopter so the group can receive an impressive aerial viewing of the park. On the 600 acres the Nicklaus Corp. is discussing a PGA Golf Course, Country Club and Hotel. The Nicklaus Corp. was directed to us through conversations with Jackie Sherrill and Charles Thornton. It is difficult to address pricing at this early stage, until specific facts concerning location are discussed. Lowell Denton said he is still talking to Tom Gienschlag on the agreement in principle but nothing has been tied down to date. Market Report by Stan Madden reported there are 22 parks complimented by universities around the country with concentration in the Sun Belt region. There are 5 areas which are most comparable to ours and suggested D. Goehring should visit 3 of the parks. Jim Scamardo motioned for approval of funds for D. Goehring to visit 3 locations and motion was seconded by D. Hervey and approved. Madden also has met with the Woodlands which have been very open and extremely cooperative. A trip for the next week is planned to visit Los Colinas with D. Goerhing, City Officials and Randall Pritchard. D. Goerhing asked for a volunteer from the Board to accompany the group. Dennis Goehring has been invited to speak to the Texas A &M Industrial Park Board. D. Goehring and S. Madden feel it is an unique opportunity to become part of the decision making process of the TAMU Board. It will be advantageous to both groups to work to- gether on the development of both parks. Dennis Goehring asked for approval of funds to put together some graphics to the need for a positive relationship, by illustrating aspects of a working and divided relationship of other city /university parks. The Board approved funds for up to $1000.00 for the presentation. An Aerial photograph will be taken and presented which shows the dynamics and the viability of the park. TCB is still in drafting stage. After meeting with J. Nicklaus Corp. more specifics will be included. Dennis Goehring asked the recording secretary to read J. Scamardo's letter concerning the Chamber of Commerce which was sent to all members. The Board discussed J. Scamardo's letter and agreed upon the (1) concept proposed in the letter, (2) supporting a unified chamber and (3) remaining a member of the B -CS Chamber. A motion to accept the 3 principles was approved with one absention. The Board also decided Pat Mann should no longer attend CSIDF meeting nor should Dennis Goehring attend their meetings. Gene Black, SBA, spoke to the Board about the need of business to have available long term financing and proposed the operation of a Certified Development Company. The funds for financing would be divided 50o from local banks with a floating rate based on prime, 40% from the SBA based on the Treasury Bill rate plus 1 1 /8o and the remaining 10% from the private business. The terms of the loans can be separate but has to be a 10 year or longer contract which is required by the Certified Development Company. There is a scheduled training session in New Orleans on November 3 -5th on the operation of a Certified Development Company. It was suggested that a member from the Financial Corporation attend. The Financial Corp. should have the application completed by 9/30. There being no further business before the meeting, upon motion and second the meeting was adjourned. The foregoing minutes of the corporation are true and correct, and were approved by the Board at is subsequent meeting on September 16, 1982. MINUTES OF A CALL MEETING OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION BOARD OF DIRECTORS HELD AUGUST 30, 1982, AT THE COMMUNITY CENTER IN COLLEGE STATION, TEXAS. Directors present: D.H. Goehring J.B. D.A. Anderson John Jim Scamardo Tony Roy Kelly Others present: Chris Zoller, Pierce Corp A.E. VanDever, Asst. City Manager; Elrey Improvements; Al Mayo, City Planner; Pat secretary. Hervey Hughey Jones .; N.Bardell, City Manager; Ash, Director of Capital Siegert, UNB; Alice Fleetwood, Dennis H. Goehring introduced Chris Zoller, V- President of Acquistions for the Pierce Corp. of Tennessee. Chris confirmed the agreement in concept to the College Station Development Park site as a future home for a Nicklaus community. He gave background information on the Pierce Corporation who is in a joint venture with Golden Bear which is owned by Jack Nicklaus. He thanked everyone for their interest and enthusiam and complimented the City for obtaining the finest piece of real estate in Brazos County. The Nicklaus Corp is interested in purchasing 600 acres which would in- clude the flood plain all within the City's boundaries. The project would included a PGA golf course, club house and Destination Resort. Destination Resort is a new concept where a business group could have a controlled and isolated environment with all the luxuries of a major hotel. Also inclded would be single family home and villa lots on and off of the golf course. The entrance from the county road is fine, entry way from Hwy 6 is not necessary. The golf course will be the first project constructed and Tee Time will be approximately 2 years. J. Nicklaus will make the announcement to the public, hopefully on a Friday before an A &M home game. The date will be announced when all schedules can be coordinated. The legal and financial aspects are presently being worked out through L. Denton and A. VanDever. Chris stated his attorney is preparing a memorandum of understanding. Chris also expressed concern for any promises the City Council had made to the city and encourages any suggestions from the City and Development Board. He feels the City and other groups involved have the same phil- osphy concerning the needs and aspirations of the park. J. Scamardo motioned for approval of the concept for the sale of land to Golden Bear for the purpose of the proposed Nicklaus Community, it was seconded and Board approved. There being no further business before the meeting, upon motion and second the meeting was adjourned. Alice G. Fleetwood Recordi g Secretary COLLEGE STATION INDUSTRIAL DEVELOPI1E ^1T FOU'1DATION Statement of Cash Receipts and Disbursements For the 'lonth Ended August 31, 1962 BALANCE FORIHARD 7!31 /3? h5,955.3n RECEIPTS Close University National Rank Account into United Sank Colle ?e Station Acct. 7.346.53 Transfer to University National Sank to cover overdraft 57.75 TOTAL :ASSETS DISBURSEMENTS City of College Station - F.I.C.A. 167.50 Postnaster 20 Ramada Inn 1-4.80 Internal Revenue Service 61.16 Texas Employment Commission 19.44 Newman Printing Company 1 ,43.96 Engineering & Office Supply 24.00 The Grapevine 56.61 B -CS Chamber of Commerce 200.00 Alice Fleetwood 5.04 The Grapevine !66.00 Citv of College Station - Payroll Deductions 1,'121.76 Anco Insurance 87,00 General Telephone Co. 151.83 Steve Trogdon 5,09 D. H. Goehring - salary 1,795.50 D. H. oehrinn - travel expenses 10.99 University National Rank - Transfer 557.75 United Bank College Station - Transfer 7,34-5.53 TOTAL DISBURSEMENTS BALA "lCE Current Outstanding Checks 1,323.34 Less Previous Outstanding Checks (1,403.72) Less Deposit in Transit (57.75 BALANCE PER BANK STATEMENTS University National Checking Account "Balance United Bank College Station Checking.Account Balance United Bank College Station Savings Account Balance $73,359.62 11 ,384.87 G1 ,974.75 138.13 (57.75) 6,P94.37 55,100.00 61,335.62 (Unaudited) MIMTTES JOINT BOARDS OF DIRECTORS MEETING B-CS CHAMBER OF CGMMERCE, BRAZOS COUNTY INDUSTRIAL FOUNDATION, COLLEGE STATION INDUSTRIAL DEVELOPMENT` FOUNDATION TUESDAY, DECEMBER 8, 1981 10:00 A.M. COLLEGE STATION BANK Present: Jack Adams, Steve Arden, Bill Brown, Carl Bussell, Zerle Carpenter, Switzer Deason, Gordon Gregg, Churchill Jones, Allan Hanson, Lee Hensley, Art Herwald, Tony Jones, Dan LaMountt, Johnny Lampo, Jose Montemayor, Dennis Goehring, Mary Newton, Dub Pearson, Gordon Pratt, Jim Scamardo, Don Smith, Phil Springer, Celia Stallings, Pat Mann, Robert Nelson, Steve Melton, Steve Baker, Andy Anderson, Tom Salamon, Harry Gillam, Judy Rychlik, Bill Phillips, Russell Bradley, Larry Linder, Anne Bell, Jocko Roberts, Bob Wimbish, Pat Siegert, Ramiro Galindo, J. P. Watson, Pat Humphries, Janice Ray, Bill Creeden, C. J. Allen, Bill Fitch, Dick Peacock, Roy Kelly, Steve Smith, Bill 'Thornton, Bill Davie, Danny Burgess, Jo Halsell Absent: Charli Callaway, Harold Chilton, Jerrell Teltow, Jim Ingram, Paul Nealis, Mervin Peters, Bill Cooley, Gary Halter., John Hughey, J. B. Hervey, Phyllis Hobson, W. Arthur Porter, Joe Sawyer, 0. M. Holt, Lowell Denton President Switzer Deason presided, and the invocation was given by Don Smith. BOARD ACTION ITEMS It was moved and seconded that minutes of the November 10, 1981 meeting be approved as previously mailed. Motion carried. President Deason advised members of the Board that our Bylaws call for a dues structure to be established at the December Board Meeting. There was a motion by Steve Arden, seconded by Jim Scamardo, that dues remain the same for 1982. Motion carried unanimously. President -Elect Steve Arden reported for the Officer Nominating Committee and stated that Celia Stallings had been nominated for Vice President of the Public Relations Division. There was a motion by Johnny Lampo, seconded by Carl Bussell, that nominations cease and Celia Stallings be elected by acclamation. Motion carried. Board members were advised that the Executive Committee recommended establishing College Station Bank as the depository bank for the Chamber of Commerce in 1982. Motion by Phil Springer, seconded by Dennis Goehring. Motion carried. President Deason called on Johnny Lampo, President of the Brazos County Industrial Founda- tion, to make awards to the retiring Directors of the B.C.I.F., Tom Salamon and Jocko Roberts. Deason awarded plaques to the following Directors who will retire from the Chamber Board in December, 1981: Charli Callaway, Zerl.e Carpenter, Gordon Gregg, Allan Hanson, Art Herwald, Jose Montemayor, Richard Perkins and Phil Springer. Deason thanked the Directors for their time and effort spent in helping build a better Bryan and College Station. Deason called on Dennis Goehring, President of the College Station Industrial Development Foundation, to recognize his Board of Directors. Goehring introduced the C.S.I.D.F Direc- tors who were present. President Deason called the Board's attention to the Statement of Operations for November, 1981. There was a motion by Dennis Goehring, seconded by Allan Hanson, that this report be accepted as presented. Motion carried. INFORMATION ITEMS President Deason called the Board's attention to the Texas 2000 presentation held in Austin November 12, 1981. Board member Churchill Jones was complimented for a job well done in presenting the Texas 2000 project in Austin. Deason reminded Board members that the 1981 Holiday Parade would be held tonight beginn- ing at University Drive and proceeding north to Sulphur Springs Rd. along Texas Avenue. Deason advised members of the Board that the following persons had been elected to serve as the Brazos de Dios, Inc. Board of Directors for the year 1982: Jack Adams, Steve Arden, Russell Bradley, Bill Brown, Carl Bussell, Harold Chilton, Ramiro Galindo, Pat Humphries, Lee Hensley, Churchill Jones, Tony Jones, Dan LaMountt, Bill Muse, Mary Newton, Gordon Pratt, Jr., Janice Ray, Rusty Rush, Jim Scamardo, Pat Siegert, Ron Smestuen, Don Smith, Celia Stallings, Jerrell Teltow, J. P. Watson. It was noted that the 1981 officers of the Brazos de Dios, Inc., Bob Wimbish, Larry Linder and Steve Smith, had resigned and that Steve Arden, Dan LaMountt and Anne Bell had been elected to replace them. COMMITTEE REPORT Vice President Allan Hanson reported on the actions of the Transportation Division for 1981. He reviewed several projects and made suggestions for continuing the projects in 1982. Adjourned 11:00 a.m. Respectfully submitted, Nelson Z(M"W PATRICK SIEGERT Vice President October 5, 1982 Patrick Siegert Vice President Mr. D. A. Anderson 1202 Foster Street College Station, Texas 77840 Dear Mr. Anderson: In order to comply with the requirements of the U. S. Small Business Administration Application for Certification as a Certified Develop- ment Company, it is necessary that biographical information concerning officers and directors of the prospective certified development company be obtained. Enclosed is SBA Form 912. Please complete the form, sign and date at the bottom and return it in the enclosed envelope no later than October 13, 1982. In addition, the SBA requests a brief resume on each officer and director. Your cooperation in compiling this data is greatly appreciated. If I can answer any questions or otherwise assist in the completion of the Certified Development Company Application, please call at 846 -8751. Sincerely, 10 0 ;—L , PS:nb Enclosures NATIONAL BANK POST OFFICE BOX 2680/(713) 846 -8751 COLLEGE STATION, TEXAS 77841 f ON THE SIDE OF TEXAS A & M Jz 1012Z i t po i CIPI -S,-7 s1 /"-/-,P/ 47�1- j IP/ 7//5- AGENDA - OCTOBER 21, 1982 (V Readina of minutes. 6 2 Financial Report. 3 Report of Nicklau Cor ation. �t• , 4.� Star. Madden - Marketing Report. 5. SBA /CS Financial Corporation. Tom 6.► Larry Burnside - Ex. Director, TX Industrial Dev. Council. 7. Replacement for Land.11d o � 8. Dr. Hugh'Wilson - 845 -3354 Floral Center Navasota Ladies Dress /Endangered Orchid f�l� rf�- IC s lh�t r � I�c�i���tp!�ac +, /r MINUTES OF THE REGULAR MONTHLY MEETING OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION BOARD OF DIRECTORS HELD OCTOBER 21, 1982, AT THE COLLEGE STATION COMMUNITY CENTER. Directors present: D.H. Goehring Tony Jones Gary Halter Rick Hunsicker Bill Cooley Skip Porter D.A. Anderson John Hughey Dick Hervey Bill Phillips Steve Baker Jim Scamardo Others present: A.E. VanDever, Asst. City Manager; Al Mayo, City Planner; Elrey Ash, Dir. of Capital Improvements; Gary Anderson, Tom Auginbaugh, Carl Heilcher, College Station Financial Corp.; Stan Madden, TAMU Marketing Dept.; Larry Burnside, TX Industrial Development Foundation; Randall Pritchard, Jose Arguello, JAC Developer; Alice Fleetwood, Recording Secretary. Dennis H. Goehring called the meeting to order and introduced Rick Hunsicker from Westinghouse as a new member of the Board. Also introduced other guests from the CS Financial Corp. The minutes were read and approved by the Board. The financial statement was reviewed and approved by the Board. A Nicklaus update by D.H. Goehring stated that in a meeting last week with C. Perry and H. Pierce, the group is still interested in the land to build a 7 million dollar golf course and clubhouse. The Nicklaus group stated however, they were not interested in building a center and motel complex. Thev are interested in developing golf villas styled similar to those at Columbia Lakes which would become rental units for specific functions. The con- vention center and motel /hotel complex would be directed to the JAC group if economically feasible and if said project could be integrated and coordinated with the overall golf course thrust and park plans. The Nicklaus group stated that is would be a prototype facility meaning that the success of this venture would be the step- ping stone for other golf course facilities in other university communities throughout the sunbelt region. They would envision a PGA tournament on an annual basis plus the integration of the Uni- versity men and women golf teams along with hosting the SWC tourna- ments. Discussion also centered aroung the subject of "prestige golf course" and its overall effect on our original objective. Al Mayo pointed out the Nicklaus group indicated membership would range around $10,000. to $15,000. which voiced some con- cern as to the local market place accomondating such high fees. Goehring further stated a market study on the part of the Nicklaus organization is to be conducted to determine the local market and the former student participation. Discussion also centered around our original plans and objectives for the park and the possibility of other alternatives. Randall Pritchard stated the Vince Kickerillo and Walter Mischer have indicated an interest in a joint venture with the JAC group plus the possibility of bidding on the golf course proposal. Goehring confirmed that in two previous meetings with Kickerillo he had expressed an interest in the project if the Nicklaus group did not respond in a positive manner. Discussion closed with a motion by Steve Baker and second by J. Scamardo that the foundation actively seek other proposals, this motion carried. Stan Madden reported that the marketing study is near completion and should be ready on Monday of next week. They have tried to integrate the proposals which have initially been discussed by the Board into the market study. Tom Auginbaugh discussed the SBA /CS Financial Corporation packet. He requests that all members complete the required application and re- sume if they have not already done so and return to Dennis Goehring. D.H. Goehring announced that Gerry Land is no longer with RepublicBank. Churchill Jones, Chairman, has asked to replace G. Land. J. Scamardo motioned, it was seconded and all approved. J. Scamardo resigned because of his appointment as President of the Chamber of Commerce. He requested Carl Terna be elected as a voting director and Scamardo be invited as Chamber President Ex- Eficio member of the Development Foundation. The Board approved both re- quests and congratulated J. Scamardo on his new position. R. Hunsicker gave a progress report on the Westinghouse plant. There will be 32 people arriving from Baltimore, six being former A &M students and additional employees will be hired each month to attain a goal of 450 -500 over a two year period. The Hi -Tech plant will place its emphasis -on digital defense equipment. Larry Burnside provided visual aid for the understanding of the different aspects of the TX Industrial Development Council. He feels that the ultimate goals are the same between his and our foundation and that we should work together to achieve these goals. Scarmardo reported that Harold Boedecker, Trustee bid on the 750.55 acreage, the Cavitt estate property, which was advertised in the newspaper. He reported he personally has an interest in the earnest money contract and there are presently no development plans for the property. D.H. Goehring reported Dr. Hugh Wilson of the Floral Center on campus feels there may be an endangered species, the Navasota Ladies Dress, located at the park. L. Denton will review the legal aspects and the government regulation concerning an endangered species. There being no further business before the meeting, upon motion, second and approval the meeting was adjourned. Alice G:`Fleetwood Recording Secretary INDUSTRIAL RESEARCH RESOURCES BY ANDREW L. WILLIAMS, JR., P.E. Turner, Collie & Braden, Inc. Houston, Texas Industrial development and ex- pansion in Texas is increasing with 288 new plants in 1981, a 63 percent increase over the 1976 total of 177, with 393 existing com- panies expanding their operations during 1981. Why are new industries moving to East Texas, an area which in- cludes only 20 percent of the total Texas land mass, but 54 percent of the State's population? The physical evidence confirm- ed by an inventory of natural resources is staggering. The East Texas Field, the largest oil produc- ing field on the North American continent since its discovery in 1930, is also one of the state's fastest growing industrial areas. East Texas hosts the majority of Texas' 59 refining plants, produc- ing 5.3 million barrels per day of crude oil - 28.5 percent of the na- tional total. The Texas chemical industry contributes more to the state's economy than any other class of manufacturing. More than two - thirds of the products of the chemical industry of petrochemicals. Texas' long -time position as the nation's leading oil and gas producing state provides abundant feedstocks. Lignite, iron ore, clay, salt, sulphur, and lime are other mineral resources found in abundance. Ad- ditional lignite - fueled electrical power generation plants, located adjacent to the lignite mines, are anticipated in many East Texas communities. East Texas has a forested area almost equal to the combined forest areas of the New England states, about 16 million acres. Nearly all of Texas' commercial timber comes from this area which extends over all or part of 43 coun- ties, providing every county in East Texas with a market for pulpwood. Annual tree growth in the principal forest area of East Texas exceeds yearly harvest by 21.4 percent. Agribusiness, the combined phases of food, fiber and forest production, processing, transpor- ting, and marketing, is Texas' leading industry. East Texas' average annual rainfall of 40 in- ches supports abundant acreage of livestock, dairy farms, crops, fruits and nuts, and ensures a steady supply of water in streams, lakes, and reservoirs, many of which are a source of power for in- dustry. This rich endowment of natural resources co- exists with an abun- dance of resources of another nature - industrial research resources - found in businesses, foundations, industries, colleges, universities, medical facilities, and Federal, state, and local govern- mental agencies. Easily accessed stores of information selected to aid in choosing industrial sites in East Texas are provided in several levels of detail. Within the next few years another research resource facility will be constructed in the College Station Industrial Park, sponsored by the College Station Industrial Foundation. The Park will attract high technology and research development to an area of ac- celerating technological growth in East Texas. In the March 1982 Report, the Texas 2000 Commission says that ''technological advances will stimulate both expansion and diversification; research and development will thus be the key to economic strength and develop- ment." Research aids effective plann- ing for orderly change. This change is necessary because of the vigorous technological growth experienced in East Texas. Today's businessman faces an in- creasing need to include research as a major component of the strategy he follows in his daily per- formance in the marketplace. Businessmen, along with other professionals engaged in the whole realm of human activities, regularly perform both planned and unplanned research functions in the practice of their professions. Business enterprises with research - oriented managers enjoy well -known success. Research and development ac- tivities spring from the inven- tiveness and enthusiasm of East Texans. The expanding scope and intensity of research activities continue to accelerate as the demands increase on East Texas resources. These activities em- brace the life, earth, space, and physical sciences as well as engineering and technology. Research varies from the perfor- mance of fundamental knowledge - revealing studies, to the develop- ment of applied programs directed toward market research of con- sumer needs, new products, im- proved processes, and better management of resources. Through research, governmental and economic pressures provide further incentives to find better ways to work and play. Information of research ac- tivities can be obtained through the University of Texas Bureau of Business Research and its publication, Texas Business Review, phone number 512/471 -1616; FOR EAST TEXAS Texas Industrial Commission, 512/472 -5059; the Texas Natural Resources Informa• tion System, 512/475 -3321; the Texas Water Oriented Data Bank, 512/475 -3321; Texas Research League, (512/472 -3127; and the Lyndon B. Johnson School of Public Affairs,) 512/471 -4962 (all located in Austin); through the Texas A & M University Library in College Station, 713/845 -5741; and from the local library's Bowker's In- dustrial Laboratories of the United States (1977 edition) and Gale's Research Centers Directory. The classified sec- tion of the local telephone directory may offer a point of beginning to obtain research - related information. The Texas Natural Resource In. formation System (TNRIS) Newsletter of July 1977 describes the socio- economic data holdings including the 1977 Dunn & Bradstreet file of Texas Business firms listing more than 240,000 businesses. Included in the file are such data items as business name; street and mailing address; city, state, and zip code; telephone number; principal officer and title; line of business; year started; Dunn & Bradstreet credit rating; in- dicators on business size; stan- dard industrial classification (SIC) in numbers; and indication of whether the business is a head- quarters or a branch location of a multi -unit organization. In addition, the Houston Chamber of Commerce publica- tion entitled HOUSTON FACTS '81 listing basic data through January 1, 1981, includes a section entitled "Research and Development" quoted as follows: "Research and development in engineering ac- tivities have proliferated in Houston during the 1970's with a number of major companies establishing local operations to capitalize on the growing nucleus of energy, space, and medical technology available here. In addi- tion to research at Johnson Space Center, the Texas Medical Center and area universities, more than 80 research firms maintain research facilities here. The number of life, earth, and physical scientists in the Houston SMSA has risen to 11,800, or 104 percent more than in 1970, , when a National Science Foundation survey ranked Houston ninth, nationally. The 31,500 technical engineers in the Houston SMSA represent a gain of 75 percent since 1970." The former 1985 projections have been cancelled as current figures have exceeded the projections. The Houston Chamber of Com- merce publication entitled AT WORK, (July 1978) states, "Deci- sion making is based on facts, and facts for much decision making af- fecting the Houston area are pro- vided by the Houston Chamber of Commerce Research Committee and Research Division. Houston area growth documented by researchers has far - reaching im- pact upon immediate and long - range plans of business, industry, government, education, institu- tions, and individuals. The Research Committee and Division serve these needs with economic and demographic data about the entire region (17 counties)." Another article entitled "Future Studies Gives Lead -Time to Plan for Region's Future," discusses work of the Future Studies Com- mittee, the first of its kind in the nation and a model for other chambers of commerce setting up long -range planning groups. The committee brings together a group of urban specialists and experts plotting trends in the Houston region. The article states, "Their mis. sion is to identify significant trends and indicate possible im- pacts - favorable or unfavorable on the Houston region in the future. Their efforts are designed to per- mit effective planning for orderly change to enhance the standard of living and the quality of life in this area. In a region of such rapid growth and change, problems and op- portunities must be identified far enough in advance to permit careful planning for the future." Convention Dates Dates for - the 57th Annual Membership Meeting of the East Texas Chamber of Commerce are January 25 -27, according to a joint announcement by President Tieman H. Dippel, Jr., and Presi- dent Elect Buddy Story. The meeting will have three ma- jor sections and a wide range of activities. It will open January 25 with the volunteer leadership seminar. The seminar will be staffed with profes- sionals and educators well versed in voluntary leadership for chambers and associations. This seminar has traditionally been held in November, but is be- ing changed in an effort to better serve more of the chamber membership. January 26 is the date of the ETCC Annual Convention and Membership Meeting. The third date of the event. January 27, is to be filled with the Texas State Chamber of Com- merce conference on state govern- ment. This bi- annual session is conducted by cooperative effort of the four regional chambers. Headquarters for the 1983 meeting is the Hyatt Regency Hotel, Austin. COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Cash Receipts and Disbursements For the Month Ended September 30, 1982 BALANCE FORWARD 8/31 /82 $61,836.62 RECEIPTS J. Spearman 9,202.50 f" U.S. Treasury 2,550.11 / R. Spearman 9,202.50 U.S. Treasury 61.83 J.A.C. Developers - membership 100.00 TOTAL ASSETS $82,953.56 DISBURSEMENTS Public Works Resource Center 135.00 Ben Bailey's 59.58 Turner Collie & Braden 6,000.00 D.H. Goehring - reimbureement 243.20 East Texas Chamber of Commerce 500.00 D.H. Goehring - reimbursement 13.05 The Subway Shop 47.92 Turner Collie & Braden 11,920.00 D.H. Goehring - salary 1,795.50 City of College Station - Payroll deductions 1,021.76 TOTAL DISBURSEMENTS 21,736.01 BALANCE 61,217.55 Current Outstanding Checks 14,737.26 Less Previous Outstanding Checks (1,323.34) Add Previous Deposits in Transit 57.75 TOTAL 13,471.67 BALANCE PER BANK STATEMENTS $74,689.22 University National Checking Account Balance $ -0- Unitedbank College Station Checking Account Balance 19,689.22 Unitedbank College Station Savings Account Balance 55 000.00 74,689.22 (Unaudited) U.S. Small Business Administration APPLICATION FOR CERTIFICATION AS A CERTIFIED DEVELOPMENT COMPANY (Under 13 C.F.R. Section 108.503) A Certified Development Company must comply with all existing and future Regulations issued tinder the Small Business Investment Act of 1958, as well as applicable State and Federal Laws affecting its operations. Prospective applicants are presumed to be completely familiar with the Act and the Regulations. SBA Form 1246, "Application ", is to be filed in triplicate with the SBA district or branch offices to which loan applications will be submitted. Each sheet of exhibits accompanying the application must be identified at the top by a number reference to the related item, the caption designated for such item, the name of the Applicant, and the date of submission. Separate sheets must be used for each exhibit, such sheets must be stapled together at the top. Names of Persons Assisting in Preparation of this Application In connection with the preparation or presentation of this application, list the names, addresses, description of services, total compensation paid or to be paid of all attorneys, accountants, appraisers, agents, and all other parties engaged by or on behalf of the Applicant for the purpose of rendering professional or other services of any nature whatever to the Applicant. 1. Name of Applicant Certified Development Company (Identify whether or Local) i NO sires no MOM 170=1 a 0101111 Address 1300 Jer City College Station State Texas Name of President Dennie Goeh Telephone Number of Shareholders or Members 25 Profit 2. Membership - In separate exhibits provide the following: Zip 778 Non - Profit XX' (a) The name, address, occupation, and telephone number for (1) Each officer and director of the prospective Certified Development Company, (2) Each member /shareholder with the percentage of ownership of of the members if a for - profit Certified Development Company. (b) SBA Form 912 (Statement of Personal History) for all officers and directors of the prospective Certified Development Company and all corporate stockholders owning 10% of the corporate stock. (c) Brief resume on each officer and director. 3. Plan of Operation - Attach exhibits detailing the Applicant's plan of operation including, Fit not limited to, the following: (a) A detailed description of the Applicant's compliance with the requirement of Section 1.08,.503 -1(a). Functions identified should include the packagi.1g, processing, clos'irly, anu servicing capabilities of the Applicant, as well as their legal and accounting capacity. Information should include the name, occupation, related experience to the function performed, relationship to the Applicant (member or on a contractual basis), fees charged, and location of service. (b) An organizational chart showing the internal operating structure of the Applicant as well as the relationship of the individuals in (3(a)) to the Applicant. An attached narrative should discuss the authority and responsibility of each segment of the chart. A SBA Form 1246 (12 -80) W The Applicant's proposed operating plans should include the following: ' (1) Foreword business plan, identifying prospective projects and their sources of financing in the Applicant's first two years of operation, (2) Its relationship to other community develoment /economic development organ• izations in its area of operation, (3) Its outreach program to assist prospective small business concerns, (4) The primary focus of the Applicant's operations (industrial, commercial, city- wide, neighborhood), (5) Funding sources (for required injection, operating cpaital), and (6) A plan for involving private sector participation in projects they assist. (d) Describe in detail the Applicant's role in providing the following assistance to prospective small buiiness concerns: devaluating; processing, closing, disbursing, servicing. Provide a flow chart for each subsystem. 4. Operating Area (a) Attach an exhibit providing a description of the Applicant's defined area of operation as stated in'Section 108.503- 1(b)(2). Identify the SBA district or branch offices to which loan applications will be submitted. (b) Pursuant to the requirments of Section 108.503 -3(b), describe the type and size of the premises to be occupied by the Applicant, its address, telephone number, and the services available at this location. 5. Financial - Provide financial statements for the most recent fiscal year. If the "as of" date of the financial statements precede the date of the application by more than 60 days, interim financial statements are required. 6. Articles of Incorporation and Bylaws - Provide a certified copy of the Applciant's Articles of Incorporation and Bylaws. 7,, Board Resolution - Certified copies of the resolution from the Board of Directors designating the person(s) authorized to execute this application on behalf of the applicant. 8. Dec larations - The undersigned agree that this application is made pursuant to the Small Business Investment Act of 1958, as amended (15 U.S.C. 687), and Section 108.503 of the Rules and Regulations issued thereunder and that the cited law and Regulations shall control transactions between SBA and the Applicant, and certify that: (a) All statements, warranties, and representations made herein and in the accompanying exhibits, as well as in any additional documents required by SBA to be filed in connection with this application are true and complete, are considered material, are made for the purposes of inducing SBA to approve this aplication, and for SBA to make a determination of eligiblity to make loans from the proceeds of SBA guaranteed debentures under Seciton 108.503 of SBA Rules and Regulations, and are made with the full knowledge of the provisions of 15 U.S.C. 645, 18 U.S.C. 1001, and 18 U.S.C. 1006, which provide certain criminal penalties for making false statements or representations. (b) No employee of the SBA or any member of the SBA Advisory Council who is related by blood, marriage, or adoption, has or has had any part, direct or indirect financial interest in, or in association with the Applicant or any of its officers, directors, or principal stockholders. Dated �•t o11Pge-tation _ Texas , on October 21 , 198 Colleae Station Financial Corporat Name of Applicant) BY: Dennis Goehring Title President Attest Secretary of Applicant "BA I 1246 (12 -80) COLLEGE STATION FINANCIAL CORP (CSFC) 3 (a) Compliance with Section 108.503 1 (a) (1) The CSFC will establish a standing committee of qualified individuals to review, approve, and monitor all loan packages presented to CSFC for approval and presentment to the SBA. This committee will monitor the servicing of loans granted. This committee will meet monthly on a regular basis and additionally as the need arises. The standing committee will establish working subcommittees comprised of standing members for proper handling of the credits as they are approved. The Personal History Statements (Form 912) of the proposed members of this standing committee are included as Appendix A of this application. (2) The CSFC proposes to offer financial and management assistance through its member financial institutions and their representatives whose respec- tive qualifications are previously addressed (see Appendix A). (3) The CSFC's proposed board of directors will be comprised of the elected members of the College Station Industrial Development Foundation (CSIDF) Board of Directors. Attached (see Appendix B) are SBA Form 912, Personal History Statements (see Appendix B). in (1) The CSFC membership will be comprised of at least the following institu- tions and individuals: CATEGORY INSTITUTION REPRESENTATIVE /POSITION i) LOCAL GOVERNMENT ii) PRIVATE SECTOR - LENDING INSTITUTIONS iii) COMMUNITY ORGANIZATIONS iv) BUSINESS ORGANIZATIONS City of College Station ^ Bill J. Cooley, County Commissioner Gary Halter, Mayor- College Station North Bardell, City Manager Lowell F. Denton, City Attorney A. E. Vandever, Asst. City Manager Commerce National Bank RepublicBank A&M Homestead Savings & Loan University National Bank Unitedbank College Static RepublicBank A&M University National Bank *Stephen L. Baker, President *Churchill W. Jones, Chairman & CEO `William F. Phillips, President %'cJoe R. Sawyer, President n Thomas Aughinbaugh, EVP Karl F. Hielscher, Sr VP Patrick Siegert, VP City of College Station D.A. Anderson, Former Mayor CSIDF *D.H. Goehring, President Community Savings & Loan �' B. Hervey, President retired TEES %` Arthur "Skip" Porter - Director TEES, TAMU Larry Burnside ^ D. Fitch, Developer *Phyllis Hobson, Home Finders Realty ^John Hughey, President -0.I. Corp. %`F. P. Hunsicker, Plant Mgr.- WestinghousE -"Tony Jones, General Contractor *Roy W. Kelly, A -1 Auto Parts *J. P. Watson, Watson Hardware Gary Anderson, Financial Consultant Board of Directors: Shall be one and the same as the Board of Directors of the CSIDF. Authority & Responsibility - Authority to act on requests for financial assistance consistent with applicable regulations received from the general membership. The Board is responsible for assuring prudent operation of the corporation within the confines and intent of the CSFC corporate charter. President: Shall be appointed by the Board of Directors to serve at their discretion. Authority & Responsibility: The President will oversee the daily operations of the CSFC as well as appoint members of the Standing Committee subject to the approval of the Board of Directors. Standing Committee: Shall be appointed by the President subject to approval by the Board of Directors and shall represent at least two of the four groups required by the SBA to comprise membership. Authority & Responsibility: 1. To accept & review loan applications 2. To recommend a course of action on each request to the Board of Directors 3. To act on each request as directed by the Board of Directors 4. To monitor & report conditions pursuant to applicable requirements on a quarterly basis or more frequently if deemed necessary. General Membership: Consists of institutions and individuals residing and /or having interest in CSFC's defined area of operations. All applications accepted for financial assistance must be initiated by a member of this organization. (2) See 3 b (1) above for a listing of CSFC members. The area of operation will be defined as Brazos County, Texas. See the attached map (Exhibit 1). (3) This is not an application for a state development company. (c) The members listed are, to the best and most complete knowledge of CSFS, institutions or individuals of good standing within this community. (d) CSFC will operate within the restrictions and guidelines established from time to time by SBA regulations as they affect CSFC operations. 3 (b) Organization of the CSFC Please see the attached organizational chart and review the following discus- sion of the composition and authority of the elements of the organization. 3 (c) The purpose of the CSFC is to encourage the development and enhancement of commerce within the defined area of operation by: I. Offering alternative financing arrangements for existing and prospective commercial entities operating or proposing to operate within CSFC. 2. The CSFC will operate in conjunction with the CSIDF, member financial institutions and private sector members. 3. The CSFC will provide financial assistance to all eligible commercial concerns within the limitations of the CSFC and the SBA's Community Development Company (CDC) Program. 4. The primary focus of the CSFC will be directed toward commercial concern not specifically excluded by the SBA or other applicable legal restric- tions. It is recognized that loan requests will not be considered for less than $250,000.00. 5. The CSFC staff and directorate is entirely composed of voluntary personnel providing services without charge. The CSIDF will provide without charge office space, telephone and daily secretarial requirements. If the need should arise for capital, funds will be provided through assessment of the general membership. 6. Private sector involvement will result from their active participation in the solicitation of prospective loans and in the promotion of economic development through membership. 3 (d) CSFC will be responsible solely for the evaluation of the prospective credit arrangements. Processing, closing, disbursing services will be the responsibi- lity of the participating financial institution in each instance. CSFC will monitor compliance with the terms of financing as reported by the responsible financial institution to CSFC. 4 Operating Area: (a) Definition of Area of Operation: The College Station Financial Corporation will operate in the totality of Brazos County of which the City of College Station is a principal city. The area of operations is further described as follows: 1. Brazos County is located in East - Central Texas, about 140 miles north of the Gulf of Mexico in the physiographic region known as the Coastal Plain Province. Topographically the county lies between two district divisions - -The East Texas Timberlands and the Blackland Prairies. The Brazos and Navasota Rivers, which unite at the southern extremity of the county, and the Old San Antonio Road on the north, form the county boundaries, separating it fro Burleson and Washington Counties on the west and south, from Grimes and Madison Counties on the east, and from Robertson County on the north. The locatin of Brazos County is shown in Figure 1 -1. 2. Brazos County lies in an area known as the Postoak Belt. This belt lies immediately west of the primary forest regions of Texas and stretches 400 miles from near the Oklahoma border to a point south of San Antonio. The Postoak Belt, so known because of the prevalence of postoak trees, also includes blackjack oak, elm and hickory in the Brazos County region. 3. Brazos County occupies a total of 587 square miles or 375,680 acres. Over 93 percent of the county is cultivated or used for grazing purposes. The major population centers are Bryan, population 44,265, and College Station, population 37,296 (figures are from the 1980 U.S. Census preliminary report). Texas A&M University is located at College Station. The locations of Bryan, College Station, Texas A&M University and Easterwood Airport are shown in Figure 1 -2. 4. Maximum relief in land elevation ranges from a low elevation of 200 feet to a high elevation of 400 feet. Bryan, the county seat of Brazos County, is situated near the center of the county, 95 miles north of Houston, 166 miles northeast of San Antonio, 104 miles east of Austin, 90 miles southeast of Waco, 179 miles south of Fort Worth, and 165 miles south of Dallas. The location of Bryan- College Station with respect to major population centers in the Southwest is shown in Figure 1 -3. i77 Description of the premises to be occupied by the applicant: Type and Size: The City of College Station Community Center is located in the building originally built as the original College Station school in 1939. Through a subsequent trade with the College Station Independent School District, the City acquired the building. The contract for renovation and additional construction was let March 18, 1982. The cost of the land, building, furnishing and landscaping cost approximately one million dollars. Executive Offices of the College Station Industrial Foundation occupy space in this facility. The facilities and services of the Community Center and the Foundation will be available to support the College Station Financial Corporation. Address: 1300 Jersey Street College Station, Texas Telephone Numbers: College Station Community Center (713) 693 -9907 College Station Industrial Development Foundation (713) 696 -8989 Services Available at Location: - Directions and geographic orientation to the community - Clerical assistance - Telephones - Quality meeting rooms and conference facilities As Well As: - Kitchen facilities - Outdoor meeting areas - Ample automobile parking - Restroom facilities - Receptionist Buffzllo °i LEON 75 a < < m co ROBERTSON '" 0 m Caldwell }( BURLESON Navasota to WASHINGTON C9 0 2 Brenham � Figure 1 -1. Orientation Map of Brazos County, Texas. 1 -3 TO WACO, DALLAS -FORT I TO AL' 4 0 LINTSVILLE )USTON Figure 1 -2. Locations of Bryan - College Station, Texas A &M University and Easterwood Airport. OKLAHOMA Oklahoma Cit ARKANSAS Albuquerque Amarillo Y •\ 0 , Little Rock 517 773 \ 384 / NEW MEXICO Lubbock Wichita 421 Falls294 420 Ft. Worth Dallas � � El Paso 179 • Shreveport \1;5 220 LOUISIANA 689 Vk / 90 BRYAN ®COLLEGE STATION TEXAS Austin *10 *� - 425 New Orleans 166 95 '0 o Houston San Antonio 242 Corpus Christi 0 too 200 miles Location of Bryan - College Station, Texas. PATIO I ROOM 1041 ROOM 103 FE D. MEN CORRIDOR LOBBY ROOM 106 OFFICE OFFICE ROOM 105 106 107 OFFICE OFFICE, ADM IN. I 125 104 VESTIBULE Il CITY OF COLLEGE STATION COMMUNITY CENTER KITCHEN PATIO CORRIDOR ROOM 102 ROOM 101 J. w I I r- ew I n.— ORGANIZATION CHART COLLEGE STATION FINANCIAL CORP. EXHIBIT 2(c): BRIEF RESUME OF OFFICERS /DIRECTORS NAME: ADDRESS: TELEPHONE NO.: OCCUPATION: ADDRESS: TELEPHONE NO.: EDUCATION: s PREVIOUS OCCUPATIONS: MEMBERSHIPS /ASSOCIATIONS /PROFESSIONAL GROUPS: DATE OF BIRTH: The National Development Council MEMORANDUM TO: Board of Directors of the following Organizations: Brazos County Industrial Foundation, Bryan Development Foundation, College Station Industrial Development Foundation FROM: William V. Muse, Vice President — Industrial Division Bryan — College Station Chamber of Commerce DATE: October 27, 1982 RE: Industrial Development Policy Our Chamber of Commerce is interested in drafting a new policy governing in— dustrial development activities of the Chamber. I have called a meeting for Thursday, November 11, 1982, at 7:00 a.m., at the Aggieland Inn to establish and discuss communications between the Industrial Development Foundations. You will find enclosed a draft of proposals currently being studied by our Chamber of Commerce. We are in hopes of making an)* modifications, changes, or deletions following our meeting on November 11th. Please feel free to contact me at 845 -4711 if you have any questions. Enclosure: Industrial Development Policy s OFFICERS D. H. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS D. A. ANDERSON Former Mayor . College Station STEPHEN L. BAKER President - Commerce National BILL J. COOLEY County Ctmmissioner W. D. FITCH Developer D. H. GOEHRING President - CSIDF GARY HALTER Mayor - College Station J. B. HERVEY President - Community S & L PHYLLIS HOBSON Home Finders Realty JOHN R. HUGHEY President - O. I. Corp. F. P. HUNSICKER Plant Manager - Westinghouse TONY JONES General Contractor ROY W KELLY. A -1 Auto Pars W. G. LAND Executive V.P. - RepublicBank A &M WILLIAM F. PHILLIPS, JR. President - Homestead S & L W ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER President - University National JIM E. SCAMARDO President - Unitedbank J. P. WATSON Watson Hardware i College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (713) 696 -8989 October 13, 1982 Please be advised that the next meeting of the College Station Industrial Development Foundation will be held Thursday, October 21st at the College Station Community Center. The meeting is at 12:00 noon and lunch will be served. BRYAN - COLLEGE STATION CHAMBER OF COMMERCE E Policies on Industrial Development It shall be the objective of the Bryan - College Station Chamber of Commerce to assist industrial firms interested in locating in Brazos County. In doing so, it will cooperate with the organizations and individuals in the county who have an interest in attracting industry. In pursuing its industrial development objectives, the Bryan - College Sta- tion Chamber of Commerce shall be guided by the following policies: 1) The Chamber will appoint a Vice President who shall be responsible for overseeing the Chamber's industrial development program. A Chamber staff member will be designated to provide support services to the Industrial Division an employee in eacn oLlice will be responsible for responding to inquiries from and maintaining information on industrial prospects. 2) The Chamber will promote the two cities and county as a potential industrial site and will be responsible for maintaining information in attractive formats that will be of interest and usefulness to industrial prospects. The infor- mation-to be provided to industrial prospects will be approved by the Chamber Board and will include a brochure containing a map identifying the sites of industrial parks owned by public entities or foundations. The foundations featured in the brochure are expected to share the cost of printing and maintaining this material. In addi- tion to the industrial sites identified, the brochure would also include the name, address, phone number, and a brief description of each foundation. This information will be provided to all industrial prospects and will be available at all Chamber locations. A file of privately -owned industrial real estate will be maintained in each Chamber office and will be available to industrial prospects. The responsibi- lity of reproducing this information and maintaining it at the Chamber offices will reside with the owners of the real estate. The Chamber will attempt to respond to all reasonable requests for information in a timely fashion. 3) The responsibility for recruiting and entertaining industrial prospects and marketing specific industrial sites will reside with the various industrial foundations in the county and /or the owners of property in which a prospect has an interest. 4) The Chamber will compile a list of all industrial prospects with whom it has contact and provide this information to interested Chamber members in a weekly report that is made available to all parties at the same time. Information about a prospect will be coded to protect his confidentiality, if requested. All confiden- tiality requests will be reviewed monthly by a committee comprised of a board member, other than the president or paid executive, of each participating foundation, such member to be appointed by the foundation he represents. This committee will monitor and approve procedures in order to insure that the prospect receives all information needed to make a business decision about our community. S) No Chamber employee will serve on the board or be employed by an indus- trial foundation in Brazos County or have any financial interest in any industrial real estate or firm that deals in real estate. 6) If requested to do so, the Chamber staff member responsible for indus- trial development will arrange meetings with local parties identified by the prospects. Where duplicate services are available in the community, information about all sources of these services will be provided. MINUTES OF THE MONTHLY MEETING OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION HELD SEPTEMBER 16, 1982, AT THE COLLEGE STATION COMMUNITY CENTER. Directors present: D.H. Goehring Gary Halter Bill Phillips Roy Kelly y D.A. Anderson ,T. Scamardo Bill Cooley Phvllis Hobson Bill Fitch Others present: N. Bardell, City Mgr.; Pat Mann, Chamber of Commerce; Stan Madden, Mkt. Dept. TAvIU; Randall Pritchard, JAC Developers; A.E. VanDever, Asst. City Mgr.; Elrey Ash, Dir. Capital Improvements; Al Mayo, City Planner; Alice Fleetwood, Recording Secretary. A motion was presented by P. Hobson to dispense with the reading of both minutes which were issued, it was seconded and approved by the Board. The financial statement was approved by the Board. The motion was made by D.A. Anderson and seconded by J. Scamardo. Stan Madden spoke to the Board about the progress in the research study. City parks located near universities will draw from the school the necessary man -power from all graduating classes. A report was also made by S. Madden and A. Mayo about the TAMU Research_ and Development Park meeting held September 10th. A location has not yet been decided but there is a strong desire to locate as near the university as possible. There is unaminity among the group towards a total research park and the group does.not want to compete with the local industry. They will be very restrictive as to the which companies are allowed in the park as well as main- taining architectural control. Dennis Goehring reported that the Nicklaus Corp.'s planners will be in next week. The Nicklaus Corp. in conjunction with Harold Pierce will submit a proposal and will bid on the land. This is not a simple real estate transaction but a complex proposal which will consist of selling 400 acres for a set price .and the remaininc, 200 will be leased. A letter of credit will also be issued to the city for 1 million dollars on the condition that a golf course, country club and hotel will be completed. The proposed agreement on the leased acres is that the city will receive a percent of the gross sales which is to the advantage of both parties. North Bardell stated a 24" line to Green's Praire Road which pumps 5,000,000 gallons a day will be initially constructed. This would be approximately midpoint and a 18" line from Green's Praire Road to the east will follow. D.H. Goehring and N. Bardell attended the Industrial Development Conference in San Antonio and expressed their enthusiam about the potential of College Station. Everyone feels that College Station has all the factors necessary for a successful research park. It is also felt by others that we are months ahead of other areas around the state. Concern was expressed that one -half of the City's acreage will be sold to the Nicklaus Community and. citizens may feel that no industry was brought into this area. The JAC agreement that the city will trade some acreage is still in effect so a Hi -Tech Park is proposed as initially stated. J. Scamardo suggested that the Council be invited to attend the monthly meetings. The Board approved and will ask one council member to attend each meeting, others will be asked if G. Halter and T. Jones are not planning to attend the meeting. There being no further business before the meeting, upon motion and second the meeting was adjourned. Alice G. Fleetwood Recording Secretary ( 0�� Executive Towers Suite 395, 408 Cedar Bluff Road Knoxville, Tennessee 37923 (615) 694 -0777 October 5, 1982 Mr. Dennis Goehring College Station Industrial Development Foundation 1300 Jersey Street College Station, TX 77840 Dear Dennis: Forgive me for taking so long in getting back to you. We are in receipt of your letter of September 15, outlining the terms of our agreement with the City of College Station to build a PGA golf course, country club, three hundred unit hotel and conven- tion center, and residential community on 600 acres of the property owned by the city and designated for a planned research and development park. As I described to the members of your foundation, we are particularly interested in the section east of the power line; what I would describe as the northern (or north - eastern) part of the College Station - owned parcel. The natural flood plain surrounded by several areas of high elevation is ideal for our purpose. The terms you outlined appear to be acceptable to Harold and me, and we have forwarded them to Mr. Charles Perry, Vice Chairman and partner of Golden Bear, Inc. for his perusal and comments. Mr. Perry and several Associates will be in College Station on Thursday, October 14, and wish to meet you at 2 :00 p.m. Harold and /or myself will try to be there as well. Before that, I hope to furnish you with financial references and capabilities of the entity that will develop the project. We are pushing our designers to complete the location of the golf course so that they can coordinate the land plan with your architects and planners. I look forward to a quick return to Texas. Sincerely, Christopher P. Vice President, Zoller Acquisitions jlb /CPZ 0 oe6L iu* V UJJoj Sd LUCJ; PO42919(l V "'1 3" j :)UON 0-4e viii , 3:)Ilolj Is W ' 31wo 0 VII A rm umv rr. LA - QC) - C)D ITO id '0 fin li • • i V A " i I a • • 17 a • • how to pay for the tremc us amount of capital constrt._.ion that will be required. One conser- vative estimate places the cost of repairing the nation's roads and bridges at $31.7 billion a year for the next ten years. Last year only $19.2 billion was invested in road and bridge work at all levels of government. In other words, the cure is likely to be as painful as the disease. Not surprisingly, there is heated debate over how to finance the regeneration of America's crumbling infrastructure. One of the most instinctive re- flexes of government at all levels, but especially in Washington, when confronted with a mammoth problem of "crisis" proportions, is to form a commission to do a study. That may be an appropriate first step in the case of infrastruc- ture decay. There are a number of serious proposals in Congress to catalogue the nation's public works, inventory them, and rank the most acute deficiencies on a national scale. The immediate goal would be to bring some kind of coherence to a tremendously frag- mented problem. Public works planning and construction now takes place under the uncoordi- nated authority of some 100 sepa- rate federal agencies, 50 state gov- ernments, 3042 counties, and 35,000 local governments. No Federal Inventory The federal government pro- vides about half of the nation's public works funds, but does so "without taking an inventory of the nation's public facilities and without assessing the conditions of those facilities," says TRW, Inc., economist Pat Choate, coauthor of a book called America in Ruins. A bill introduced in the waning days of the 97th Congress that is certain to be resurrected next Congress would help fill the infor- mation void. The legislation, spon- sored by New York Democrat Sen. Daniel Patrick Moynihan, would do two things: first, inventory the -existing public facilities by region, state, and major metropolitan area as well as by type of project; and second, develop a ten -year invest- ment plan to set federal priorities for the repair, replacement, or ex- Private Wells in" 1 exas r, Like many Sunbelt commum vate corporation to drill a test > College Station, Texas, has hole for a new city well. The city< experienced rapid, unanticipated had to put up no money for. the . ",growth' during the 1970s and exploratory drilling to begin, ,arid 1980s. And like many other mu- was bound to pay only 25% of the j ,nicipalities, especially in the arid drilling costs if the well proved; West, ` College Station's growing has ability dry. 'In . return, College ,_ Stauon` water spurt strained the city's agreed to buy from the < • to .meet demand on the existing private concern at .a minimum r water supply system. As,city plan- price, guaranteeing a payoff- on; 6 ners recognized imminent prob- the firm's investment : and :a lems: in meeting 'future needs; -, they steady water supply for: Ith city.. found that the normal proc- Since the-first well was drilled in ess for making major municipal' 1975, others have been added to public works improvements- _ ' keep pace with College Station's- holding a bond issue election, selling municipal bonds, accept­,; still swelling population. Not only° has the arrangement'allowe&the ing bids on the job -would prob- city to bypass the often ` highly _ably not allow the city to keep up politicized bond _ issue . process, with the accelerating rate of pop- ; but by working with .the' private . ulation growth. Instead.of having i ._= sector College Station has also'; to'slow, the influx of people and 7 ,' * found the flexibility to respond, w businesses, the city turned to the" quickly to water, supply needs; ' p rivate sector. and at the least possible fti to An innovative "contractual ar - the taxpayers: t: F9nfiPm PTf il'JC !`ro �f Pit uritt� o rrt� + .... : .. .. . ... .. ..GKZ•,5���.' 1:2 a: pansion of specific public works facilities. An important goal of the Moynihan approach is to replace Congress' perennial tendency to- ward pork barrel politics where public works are concerned with a sound infrastructure improve- ment policy. The idea is not a new one. Back in 1807, Congress directed the Treasury Secretary to prepare a similar plan for "objects of public improvement [that] may require and deserve the aid of govern- ment." That led to the famous "Report on Roads and Canals," which in turn led to the creation of the U.S. Army Corps of Engi- neers. In the 1980s the enormous task of reconnoitering the infrastruc- ture problem and assessing what needs to be done about it will be the easy part. The thorny issue will be figuring out how to pay for it. According to one estimate, the U.S. will be forced to rebuild its infrastructure to the tune of $2.5 to $3 trillion during this decade. That's a lot of zeroes. This year the federal government spent a mere $25 billion on public works. That level was down 10% from the pre- vious year. Together, all public capital construction accounted for only 1.7% of the gross national product in 1980, compared with 4.1% in 1965. In other words, we've been moving in the wrong direction in public works spend- ing. Not only has investment in capital construction declined abso- lutely, it has been sharply reduced as a proportion of overall govern- ment spending. Yet, as long as President Reagan sits in the White House, the chances of an enormous increase in public works spending —along the lines of the Work Projects Ad- ministration of the New Deal —as some have advocated, are poor. Besides, says economic consultant Roger Vaughan, a huge spending frenzy "would grossly inflate con- struction costs, expose local gov- ernments to massive fraud and abuse, and lead to inhumane cuts in other public services." Others, meanwhile, from highway engi- neers to wastewater treatment plant managers, keep repeating the message that the longer we wait, the more infrastructure re- pairs and replacement are going to cost in the long run. In fact, the economy is already suffering from a continually more 24 Professional Engineer CS, A &M parks, not meant to compete By FRITZ LANHAM Staff Writer The proposed College Station industrial park will complement rather than compete with Texas A &M's proposed research park, the head of the ci- ty's industrial development foundation said Thurs- day. . Dennis Goehring told, members of the Texas A &M Industrial Park Development Committee ;hat firms wanting to buy rather than lease land, high technology manufacturing firms, and companies wanting to build corporate headquarters will be able to locate in the College Station park. In the 318 -acre Texas A &M park, tenants will have to lease sites since the university cannot Bell state land. The Texas A &M Board of Regents a!so wants the university park limited to research opera- tions. Goehring, president of the College Station In- dustrial Development Foundation, briefed A &M park committee on the status of the College Station park, which will be located on 2,300 -acre site south of the city. Current plans call for the park to include not only industrial development but also a golf course, recreational areas, a hotel and convention center, and residential development, he said. He said he expects work to begin on developing the site by late spring. Nearly 1,300 acres of the site is owned by the City Of College Station. The remainder is owned by private investors. Among those on hand to hear the presentation were Brazos County Judge R. J. "Dick" Holmgreen, local Chamber of Commerce President Steve Arden, and Johnny Lampo, president of the Brazos County Industrial Foundation. The A &M industrial park committee also met in executive session to consider applications for the 572,000 -a -year post of park director. Former Chancellor Frank Hubert, chairman of the committee, said the group narrowed the list of 54 applicants down to 10. He said that within the next few weeks he hop the committee can present Chancellor Arthur Hansen with a list of candidates to interview. ^r A . The Houston r ust usiness Mon., Dec. 6, 1982 u A&M eyes high -tech research center role By TOM NELSON Post F rter C EGE STATION — The major problem in development of high - technology industries in Texas has been a lack of a dominant university to act as a research center — as Stanford is to Silicon Valley in California and the Massachu- setts Institute of Technology is to Route 128. State government has not provided leader- ship. In North Carolina, Utah and Georgia, leg- islatures have actively encouraged and partial- ly financed the development of high -tech indust'd parr wired into the brain trusts at research- oriei;ted universities. Texas A &M University — the Sun Belt's lead- ing research institution in dollar volume and personnel — has grabbed what its officials see as an opportunity to fill the high -tech void. Right now people and resources are in mo-' tion to transform 393 acres from the school's 1,804 -acre main campus into the state's first high hnology industrial research park. F BLY NO OTHER public university has received more attention from the nation's me- dia this year than Texas A &M: Jackie Sherrill signs on for a million dollars -plus. Dr. Arthur G. Hansen is lured from Purdue University for $135,000 a year and a $1 million home. Nobel laureates and other internationally known re- searchers actively recruited and promised sala- ries and laboratories costing millions. A &M re- searchers announce hydrogen can be extracted from water, possibly cost - effective with hydro - u -arbon energy sources. Now a new adventure unfolds, a high -tech research park that prompts Dr. W. Arthur "Skip" Porter, director of engineering re- search, to assert "We have the opportunity (here to catch up with the future and not the Xast." "We have clearly demonstrated abilities at Ufit," Porter says. "We are putting in place a facility that allows industry to access us." A &M IS USING AS a model the high -tech industrial park at the University of Utah in Salt Lake City, a decade -old, 320 -acre center that now has 17 buildings accommodating 29 private corporations, including the home of the Jarvik -7 artificial heart and other bioengineering indus- tries that manufacture spare -parts artificial or- gans. The Utah park employs 2,700 people. Dr. Mark L. Money, director of the Utah park, has visited Texas A &M as well as hosted the A &M park committee. His evaluation of A &M's ph s:-.: "I'm very impres�-_-d." orter, vice - chairman of the park p.Anning committee, acknowledges the A &M park will not develop overnight and could take 30 years. Historically, he says, construction begins on three new industries a year. Thirty industries in 10 years would neverth- less be significant, Porter agrees. AFTER A YEAR -LONG study, A &M System regents last month dedicated 318 acres from the west campus and an adjoining 75 acres recently purchased to the high -tech park. The land is a stone's throw from the commercial airport and is bordered on three sides by highways. A park director, an architecture firm to lay out the acreage and legal covenents are the next order of busines. The development committee headed by Chancellor Emeritus Frank W.R. Hubert last week zeroed in on 10 of 54 nominations for the park directorship. A director should be on board early next year. Porter says it probably will be September 1984 before the first companies begin construction. There have been several "prenatal" inquir- ies, he says, including some notable firms inter- ested in developing new businesses or forming corporate research arms. ADMISSION TO THE park probably will be based on the value the firm brings to the A &M research community and its graduate students, Porter says. He acknowledges A &M already has the people and the research facilities in place to meet almost any corporate need. A &M's high -tech strengths, according to Por- ter, are its research and development work in robotics and intelligent machinery, computers, energy, electronics, human and animal medi- cine and genetic engineering in agriculture. More than $30 million in engineering re- search was conducted at A &M the past year, Porter saes, tops in the South and Southwest and growing at 25 percent a year. The total research budget for the university is ,585 million. Hi: -tech parks near major research unive46:- ties are not unique, Porter agrees, but right now industry does its thing seperate from the university. WHAT WILL MAKE the A &M park unique. Porter says, Is that interaction between the park and the university will be mandated in the lease agreements. "I think it's going to work," says Porter. wh:_se background in private industry includes being a key member of reserch teams at Texas Instruments that pioneered semiconductors and computer chips. "It's the type of move that can bring to Texas A &M the level of advanced technology. the research community, the support communi- ty and the graduate education that we seek," He emphasizes that everyone wins by the cooperation. "It's going to help the state of Texas particularly," he says. IN ADDITION TO the A &M research park. College Station has a 2,300 -acre industrial - park — 1,265 acres of it owned by the city — under design about five miles south of the campus. It is a high -tech business park that will accommo- date non - research activities, including; state and regional headquarters for corporations. and planning includes a golf course, recrea- tional areas and a hotel - convention centee A&M has also entered into an agreement with Mitchell Energy & Development Corp.. Rice University and the University of Houston to form the Houston Area Research Center, in The Woodlands. The Woodlands center is designed to operate as a non - profit organization to provide contract research services to the private sector and gov- ernment agencies. W.A. PORTER R_ Qj' f IRS CIrl Fug City National Bank of Houston Houston Chronicle, Saturday, December 4, 1982 Jju screens 3 industrid P`arks COLLEGE STATION — This 100,000 - population col- lege community will soon boast three industrial parks, with two of the high -tech variety rapidly advancing through the planning stage —one emphasizing research and the other catering to clean industry and corporate headquarters. ' The Industrial Park Development Committee ap- pointed by the Texas A &M University System Board of Regents Chairman H.R. Bright met here Thursday to receive a report on the 2,300 -acre College Station Indus- trial Park located about five miles south of the Texas A &M University campus. The committee also began screening the resumes of M applicants or nominees for director of the industrial research park to be located on Texas MM property. 31F acre site adjacent to the west side of the main campus was approved last qionth by the board upon the &&immendation of the committee composed of regents And senior Texas A &M and system officials. The regents instructed system officials to procr as >t. pidly as possible in establishing the industrial re- search park. Dennis Goehring, president of the College Stalipn In- dustrial Development Foundation. briefed committee members and city and county officials on the scope of the College Station Industrial Park. Ile described it as a high - technological industrial business park that will ac- commodate non - research activities ranging from glean industry to state and regional headquarters for co, pora- tions. Goehring said the College Station park will include a golf course, parks and other recreational areas, nature trails and a hotel and convention center. He emphasized the College Station park will comple- ment the Texas MM park — and not compete with it. The College Station park, for example, could be an alternative for companies that insist on buying land for development, as opposed to leasing, Goehring said. The Texas A &M park, being on slate property, will offer only long -term leases. "In essence, we plan to give options to firms that want to locate near A &M but cannot be accommodated on university property," he said, explaining that some companies may want more land than will be available on the Texas MM tract. The City of College Station owns 1,265 acres in the outlying park, with private investors owning slightly over 1,000 acres. Goehring said he expects development of the College Station park to begin by late spring. "The time has come for us to capitalize on this oppor- tunity," the foundation president said, referring to the community's proximity to Texas A &M. 'In additiop to the. two proposed high -tech parks, the community has the 400-acre Brazos County Industrial Park made possible by the Bryan - College Station Cham- ber of Commerce. It caters to light industry. Texas A &M has also entered into an agreement with Mitchell Energy & Development Corp., Rice University and the University of Houston to form the Houston Area Research Center in The Woodlands, the - planned com- munity developed by Mitchell north of Houston. The center is designed to operate as a non - profit organiza- tion to provide contract and grant research services. EVERETTE D. HULL COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Cash Receipts and Disbursements For the Month Ended November 30, 1982 BALANCE FORWARD 10/31/82 $59,018.76 RECEIPTS A &M Travel 103.00 United Bank College Station Savings 5,000.00 TOTAL ASSETS $64,121.76 DISBURSEMENTS Ramada Inn 13.85 Engineering Office Supply 20.69 Fish Richards 75.00 Dennis Goehring - Salary 1,795.50 City of College Station - Payroll Deduction 1,021.76 United Bank College Station - Transfer 5,000.00 TOTAL DISBURSEMENTS 7,926.80 BALANCE 56,194.96 Current Outstanding Checks 0.00 Less Previous Outstanding Checks (3,020.40) Add Previous Deposits in Transit 0.00 TOTAL (3,020.40) BALANCE PER BANK STATEMENTS $53,174.56 University National Cheching Account Balance Unitedbank College Station Checking Account Balance Unitedbank College Station Savings Account Balance (Unaudited) -0- 3,174.56 50,000.00 $ 53,174.56 s College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (713) 696 -8989 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, JR November 10, 1982 Treasurer The College- Station Industrial Development BOARD OF DIRECTORS Foundation will hold 'its regular monthly D. A. ANDERSON meeting on November 18, 1982, at the College Former Mayor - College Station Station Community Center. Lunch will be STEPHEN L. BAKER served. President - Commerce National BILL J. COOLEY County Commissioner W. D. FITCH Developer D. H. GOEHRING President - CSIDF GARY HALTER Mayor - College Station J. B. HERVEY President - Community S & L PHYLLIS HOBSON Home Finders Realty JOHN R. HUGHEY President - O. I. Corp. F. P. HUNSICKER Plant Manager - Westinghouse TONY JONES General Contractor ROY W. KELLY A -1 Auto Parts W. G. LAND Executive V.P. - RepublicBank A&M WILLIAM F. PHILLIPS, JR. President - Homestead S & L W. ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER President - University National JIM E. SCAMARDO President - Unitedbank J. P. WATSON Watson Hardware