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HomeMy WebLinkAbout1983 Industrial Development Committee Minutes and NotesMINUTES OF THE REGULAR MONTHLY MEETING OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION HELD JANUARY 20, 1983, AT THE COLLEGE STATION COMMUNITY CENTER. Directors present: D.H. Goehrinq Roy Kelly Tony Jones D.A. Anderson Phyllis Hobson Carl Terna Rick Hunsicker Carl Hielscher John Hughey Bill Fitch Jim Scamardo Bill Cooley Others present: N. Bardell, City Mgr. A.E. VanDever, Asst. City Mgr.; Elrey Ash, Dir. of Capital Improvements; Dave Pullan, City Engineer; Al Mayo,.City Planner; Lynn Nemec, Councilwoman; Stan Madden, Marketing Dept. TAMU; Randall Pritchard, Jose Arguello, JAC Developers; Tom Auginbaugh, CS Financial Corp; Alice Fleetwood, Recording Secretary. Dennis H. Goehring called the meeting to order and introduced Dave Pullan who is the City of College Station's new City Engineer._ Dennis noted the future use of permanent files for the Directors which will be kept by.his office for their convenience. The minutes were read and motion was made by R. Kelly, seconded by J. Hughey that the minutes be approved, this motion carried. The financial statement was reviewed and motion was made by Bill Fitch, seconded by R. Hunsicker to approve the report, this motion carried. North Bardell gave a status report on the progress of the sewer plant, water line and Moroney, Beissner and Co. Ile stated there were several solutions but the most attractive at this time is the Whalen Corporation to build and lease the plant. Major advantages would be a shorter time frame, which would be approximately 14 months, because of less governmental restraints and it would be less costly for the City. North Bardell also reported that the City has accepted bids on the water line project and the 1st phase (24" to Green's Praire Road) should be well underway by this fall. N. Bardell also gave an update on the meeting with the bond advisors, Moroney, Beissner and Co. They meet with some of the Councilmen and City officials and recommended, that we have adequate legal coverage and it was stated at the present capacity the city staff could not handle the increased work load. It was re- commended that the City be compensated for the additional work and for the additional employees. It is felt that College Station may be a model for future innovative financial packaging for similar infrastructure. Bill Cooley expressed concern about the smaller tracts developing after water becomes available. The lack of control, until brought into the city limits, would have an obvious impact on the attractiveness of all the land served by water as well as the new park. Al Mavo gave a preliminary annexation plan. Stan Madden presented a summary of the market report. The findings of the study indicated that few industries are aware of the City of College Station but well aware of Texas A &M University. While it does not project a clear image,the basic feeling is that it is a nice place to live and a good source of technical personnel. The development of the park should be perfect in terms of timing because at the present time there is low industry expansion which should cycle in two years toward new areas of development. S. Madden stressed that it is imperative to maintain a working relationship with the other area parks so each can compliment the other. He feels our park has the potential quality of the Woodlands and Los Colinas. He handed out a copy of the summary for review. D.H. Goehring reported to the committee that the BCIF has been formed and has elected Frank Hubert to be the first quarter chairman. The committee consists of J. Lampo, Pat Mann, Ed Lanta, Frank Hubert and Dennis Goehring. This committee will meet every two weeks and will market the area instead of competing, for every prospect. The BCIF will fund $40,000.00 for such marketing and additional fundings will come from each entity. Jim Scamardo noted that he felt the Industrial Com- mittee has gotten off to a very good start. The Chamber is also comprising a new market plan which is presently being developed through the Joe Buser Advertising Agency. Randall Pritchard presented the master plan for the 2300 acres as JAC planned. JAC would like to propose a joint venture with the City to market the industrial acreage together. This would provide both parties an undivided interest in the entire con- cept. Everyone agreed that there was never any intention to directly compete with JAC and had assumed we would market the park as a whole. Tom Auginbaugh asked for a motion that the SBA packaging be autho- rized, place Dennis Goehring as President and have him select a Board of Directors. The motion was made by J. Hughey, seconded by R. Kelly and approved by the Board. The SBA package will be available to anyone in the Brazos County and the minimum loan is $250,000.00. M D.H. Goehring presented a letter from Anco Insurance which will relieve the Board from any personal liability up to 1 million dollars per director. This policy is under the City policy and it is felt the Board members should be protected. Bill Fitch motioned for approval, D.A. Anderson seconded, motion passed. Tony Jones and Bill Cooley have been selected to the BCIF Board to represent the CSIDF. They will remain on our Board but willu' < longeZVin a voting capacity. D.H. Goehrina announced Alice Fleetwood's resignation and expressed the Board's appreciation and best wishes. Alice . Fleetwood Recording Secretary OFFICERS D. H. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS D. A. ANDERSON Former Mayrx - College Station STEPHEN L. BAKER President - Commerce National BILL J COOLEY County Commissioner W. D. FITCH Dcvchrer D. H. GOEHRING President - CSIDF GARY HALTER Masw - G)Ilcge 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 Gvncral Contractor ROY W.. KELLY A -1 Auto Parts W. G. LAND Executive V.P. - Republic Kink 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 - Unitcdhank J. P. WATSON Watson Hardware College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (713) 696 -8989 February-11, 1 The next Board of Directors meeting will be held on Thursday, February 17, 1983 at the College Station Community Center. COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF FEBRUARY 17, 1983 12:00 NOON REGULAR MEETING A regular meeting of the Board of Directors of the College Station industrial Development Foundation, was held on Thursday, February 17, 1983. The meeting was called to order by Dennis H. Goehring, President, at 12:00 Noon in the College Station Community Center. PRESENT Thirteen members D. H. Goehring Lowell Denton J. P. Watson Bill Phillips J. B. Hervey D. A. Anderson Gary Halter of the Board were present: Carl Terna Roy W. Kelly Tony Jones John R. Hughey Stephen L. Baker Phyllis Hobson ABSENT Seven members of Bill J. Cooley W. D. Fitch F. P. Hunsicker Churchill Jones the Board were absent: W. A. Porter Joe R. Sawyer Jim E. Scamardo OTHERS PRESENT Elrey Ash, Director of Capital Improvements Dave Pullan, City Engineer Al Mayo, City Planner Randall Pritchard, JAC Developer Jim Gardner Alice Fleetwood MINUTES R. Kelly made a motion the minutes of the January 20, APPROVED 1983 regular Directors' meeting be approved as mailed. D. A. Anderson seconded the motion. Motion carried. REPORT OF THE D. H. Goehring reviewed the December 1982 and PRESIDENT January 1983 Financial Statements. He pointed out that the December Financial Statement had been revised as a Certificate of Deposit had been reflected twice on the original December statement. Also, the revised December statement indicates a large expense for the marketing program. Goehring stated the Fiscal Year ends June 30, 1983. A motion was made by J. B. Hervey to approve the December 1962 and January 1983 Financial Statements as presented. The motion was seconded by John Hughey. Motion carried. MINUTES OF FEBRUARY 17, 1983 Goehring reported on the Master Plan stating that a number of meetings had been held with the JAC group and their joint venture partners. One of the proposed tenants would like to take another look at revising the master plan to enhance their marketing strategy, This would involve bringing the golf course and hotel closer to the highway. Goehring hopes to have the final reading in the next thirty days. REPORT OF THE Randy Pritchard, JAC Developer, reported on their JAC DEVELOPER progress and stated he is working with Carl Stevens and will meet again on Tuesday, February 22, He hopes to have a final check list prepared in order to have the venture agreement finalized and be ready to move forward. Goehring stated we need to take as much time as necessary to lay out the master plan as this will lay the foundation for the park for the next twenty years. REPORT OF THE Elrey Ash, Director of Capital Improvements, reported DIRECTOR OF the City let a contract to a local contractor for the water CAPITAL IM- line. The City will wait until the master plan has been PROVEMENTS completed before contracting for water lines into the park. GENERAL Goehring reported on a magazine article "The Boom Town INFORMATION of the 80's," from the February 1983 issue of Sunshine magazine,which states that Bryan- College Station ranks number 10 in growth in the nation. This puts Bryan - College Station in a very positive light, plus, an opportunity to capitalize on this future growth. Goehring reported that BCIF had a meeting with Ball Can Company. The big factor is transportation as they will utilize 7,500 trailer rigs annually in shipping their product to Houston. He commented our biggest competition is Conroe, The distance differential is 50 miles between Conroe /Houston as opposed to Bryan- College Station /Houston. This puts us at a competitive disadvantage by approximately�,375,000 miles annually. Goehring reported the Industrial Development Committee also has two other prospects. Goehring passed out a newspaper article which appeared in the Houston Post on February 11 regarding AMOCO, (Standard Oil of Indiana) moving its headquarters from Chicago, Illinois. Goehring said the article makes two points: (1) If there is a raise in taxes in the state of Illinois they will move, (2) They are receptive to moving to the Sunbelt. Goehring said he has sent copies of the article to Bum Bright and Frank Hubert at Texas A &M University. MINUTES OF FEBRUARY 17, 1983 Goehring passed around a prospect list that came from the East Texas Chamber of Commerce. The list included Amoco Chemical Corporation who has made an inquiry to the ETCC about a move. Gary Halter said he had a friend with the Research /Development Division of Amoco and will try to find out the information regard- ing Amoco's move. Goehring also passed out an article that appeared in the Dallas Morning News on January 25 regarding "Inman to Head New Computer Firm," Minneapolis, Minn. Goehring commented the article points out several large companies are interested in one centralized research center for their operations and are seeking a site for corporate headquarters. Goehring commented that Inman is a native of Rhonesboro, Texas and a graduate of The University of Texas. Goehring announced he will attend a seminar in Reno, Nevada on "How to Operate a Certified Development Company" scheduled for March 7, 8, and 9, 1983. He also plans to visit the Research Park in Salt Lake City, Utah on March 10 and 11. Goehring announced the Krueger Girl's Dorm would like to hold a Chili.Cook - -Off on March 26. He has checked with JAC and there is no problem. The proceeds from the event will be donated to the Stepping Stones, a halfway house for runaway children. Goehring asked if there was any other business. Tony Jones inquired if the Board would know in 30 days the lo- cation of the new hotel and if we are waiting for their report in order to make more definite plans. Randall Pritchard said the report will be submitted to the Board for approval. Goehring introduced Gracie Calbert to the Board and expressed best wishes to Alice Fleetwood. ADJOURNMENT There being no further business, a motion for adjourn- ment was made by Roy Kelly and seconded by John R. Hughey. The meeting was adjourned at 1:15 p.m. 1 _e "g // , h-,r, Gracie Calbert, Recording Secretary Dennis H. Goehring, President f 6A Ia1 N o a o ,o a, s C p f N N d C 4) ;MIN O 4� 4� V mswl;Z7 V Z2 4> 4) V mat UJ S oo 'a ca cn j ' '' a' C C C F y L ' Y ' Y ^ a� C' O r= C F as Y i d a e a n c �� � O i E u c o co cxU c y >, v cz ;a °' ai u c� O L L RS a C V, VI i d C U .0 ° 3 N 'O •U L '�^ V V ' C C Cd a> a °' a, acs a s � c0 c a 3 E o o ca Ca a S .0 Y C g ` O .�'C !-� LU. " O cd . w .� ° N CO a L - > y O 4 V, U .� Y +�-' o C > o0 > 0 cU • ° C A O p,.. 6 ° o N a d 4.Mj" c cn d a r 1 l .0 Cs. ° CZ x •m c L c d Y b y O c� � av w n F" � = E U C c', � 0 cu w L zr �� ° N O °� � W � o vi pw - °Eya ��vco o o a oD«3 xo ��' 8 00 Cd ��a . L c Y ao, Y " o'�j ' 0 - y E ccz A V] cco w o• Q C L.U., C ''' C o c a; an Y E y a, cz 0. C a d cz CZ .' 7 . a; Y a�.v°ian c °,a .;�°:c c� zd C ° W3 E _ x ° ca - ° x c E a 0. a — 3� v Fyn ° vF V I e � -a c 3� °H U c� 0 C 'O C CIS + "U z O 1 ��o yvo =moo .a75 ;�._o Y om= > Fso 0 c� o �„ L . L � � G C E C U • � L r- O w d Q, a CC 'a O cjS N cz of a � .., LL E �" E �o cLC ° o c U2 c � 'we � a ai 0 E v vi co o cC O L vi O O Y .� m _ co r _ Y CL cz m oO o o 2 s�, SaCUCaYm aid vaxY ?: =� a a `0 "� B a u, on c 'va, � ° °�� :a °�8 aoi �'• O = 'a � U c, a ct UU,cL� �'� Y A M a L L O Eyc, Y 'o } L , a C� 0. >,U .a hv7L� d, E. sue. E � � d m y cd 3 z >Ex�� �� $ w E o a, noL a N y °''"°'ma �oaE"= C L v7 o w c6 co W cz O M cz 4 •[°j aa, 1 Q C d CZ L ,, RS C cd }? z C ' aUU.� U L bIJ O a ° C U � C d L ;1W d O U cz E C cC w cz i iv cz d o v odd k ELY °� c rin�ia CZ ct acts av,•Cw ma onaanL E• o a �'.°�, O C .CC.• C 6°i C C CQ O L c� . a. C,0 cz Q ap C a, O L 'a V O c� ^O a C CO ed e F .a I co s y �y ° ate c o v W v o a cz o ° y ° a•y I o$ia,`cL C Q O C ... V cz Q M Y V ... c h F e � cn ce � O O L "3E` E, a ° v ❑ a, V � � O C cd LZ oECLa > a, p O G L • a L L CJ V N'U 6 Froa U3n.0 C d= = d,- d O o cl 'n z ca•m�? o.ee E � v 3 .O C a m s O L d o o v— cz c_y e o a W o cd ^ O E� U C O O S L. 4 In Council to discuss industrial park By THOMAS TASCHINGER Staff Writer The comprehensive site plan for College Station's industrial park and additional discussion of the $48.17 million bond election on Aug. 13 will be the subject of a special meeting of the City Coun- cil at 4 p.m. today. Director of Capital Im- provements Elrey Ash said city of- ficials and representatives of JAC Developers Inc. will present the council with a draft of the com- prehensive plan for the proposed high - technology park. The 2,300 -acre park site is located about two miles south of the city. The city owns 1,265 acres and JAC, its joint- venture part- ner, owns the 1,035 acres. A preliminary plan presented last March showed the eastern . part of the park developed for it1- dustry and the western part a$ a residential and recreational area. Ash also said than tentative plans for the Aug. 13 bond elec- tion call for 11 separate proposi- tions to be put before the voters, although the council may split or merge some of the proposid ns. For example, Ash said a $4.88 million proposition for construc- tion of fire, police and public ser- vice buildings could be split into three separate propositions. Similarly, two propositions of $6 million. and $5.49 million for street repairs could be merged into one proposition. Other large propositions are $9.5 for sewer improvements, $4.95 for water system im- provements, $4.07 million for park improvements, $3.21 million for a utility service center and $3 million for participation in the oversize water and sewer program. ♦ r , ct a 0 Ci cs •�����o � O N t 0 f 8 e 4. :° a , mom � snow lmlw� ilww MENAPSWOODA �Amft t w O C y T r c� O L ' y p p f. �^ O .� q a� G a� 3 pu 3 V o000� ) -. o u° °� ou;a dz '� N C� R °`� cd C a� cU o'u p T Q.v o p y }, `✓ � o E H Q G y SUN d V V � O b v c0 V N a `n A y w a v n ab O e . .� • fl "bp� O O o O - a� c0 N� ao ° �w wV o o c cz s1 • O x *9 3 euC 3 3 'C ° c.� 0 3 C •�ac a CA U g =3 = v cgs o od ? � ciocv� u� ea��1.';;CL UL Lim a 00 rs z a 0 H ok if Q 8 e 4. :° a , mom � snow lmlw� ilww MENAPSWOODA �Amft t w O C y T r c� O L ' y p p f. �^ O .� q a� G a� 3 pu 3 V o000� ) -. o u° °� ou;a dz '� N C� R °`� cd C a� cU o'u p T Q.v o p y }, `✓ � o E H Q G y SUN d V V � O b v c0 V N a `n A y w a v n ab O e . .� • fl "bp� O O o O - a� c0 N� ao ° �w wV o o c cz s1 • O x *9 3 euC 3 3 'C ° c.� 0 3 C •�ac a CA U g =3 = v cgs o od ? � ciocv� u� ea��1.';;CL UL Lim a 00 rs z a 0 H rand for CS industrial park! maybe annexed in summer From page 1A firms might be located in the park or how soon it would be before the first business began operations there. Goehring also said that Golden Bear Inc., a Florida firm named after owner Jack Nicklaus, has been advised of preliminary plans for the park, but no commitments have been made by either party. Nicklaus' company has con- sidered constructing a golf course and hotel /conference center in the tract. City Planner Al Mayo said an annexation proposal for the tract would probably go before the council sometime this summer. Mayo said annexation can be con- sidered as soon as the planning staff completes a report on utility service to the area. Elrey Ash, the city's director of capital improvements, said a water tank will be erected just nor- thwest of the park, a 24 -inch water line will be extended south toward the site and a sewage treatment plant will be located in the southeast portion of the tract. Ash said those facilities, however, will not just serve the in- dustrial park but ate needed for the surrounding area because of anticipated growth of the city to the south. City Attorney Lowell Denton said a special taxing district could be created for the park to pay some of the cost of those capital improvements. The tract is located about three - quarters of a mile south of the city on the east side of Texas Avenue. The city owns 1,265 acres and JAC Developers Inc., a joint- venture partner, owns the other 1,035 acres. A preliminary plan for the park prepared by JAC shows industrial sites on land in the western part of the tract fronting Texas Avenue. Randall Pritchett, vice president of JAC, said the preliminary street plan for the industrial portion could be modified as development of the park proceeds. The eastern part owned by the city would contain a golf course and the hotel /conference center, a commercial area and several lakes. The two parts would be separated by a buffer strip of medium- and high density residen- tial areas that could be shifted east or west, depending on how much t of the park is finally developed. Goehring said a similar park in Utah reserved 30 percent of its property for a greenbelt. Planners: Pa By THOMAS TASCHINGER Staff Writer The $15- to $20- million golf course, hotel and conference center at College Station's propos- ed industrial park will be the core of the facility and the "sizzle" that attracts new companies to it, developers of the project told the City Council on Wednesday. Andy Dolce said his own firm along with JAC Developers Inc., the city's original joint- venture partner for the 2,300 -acre park; and other such business associates as pro golfer Doug Sanders and former pro football player Dave Elmendorf will be able to jointly develop a first -class conference center that can compete with anything in Texas. "We are finding more and more that companies want their employees to be able to live, work and play in the same environ- ment," Dolce said. "This is what attracts them to a particular area. "The conference center would be a high - technology center with complete audio - visual facilities. There would be recreational facilities for tennis, swimming, racquetball and other sports. The golf course would be an 18 -hole championship course." . All plans for the industrial park are still in the preliminary stage. Dolce said construction of the 34- acre conference and recreational center would take about two years to complete. Sanders — known as the "Peacock of the Fairways" — will design the 236 -acre golf course. Sanders said celebrity friends of his such as Bob Hope, Sammy Davis Jr. and Clint Eastwood pro- bably would participate in tour- naments at the course because he plays in their tournaments. "The exposure from their presence helps attract companies to the site," Sanders said. "Also, once the celebrities are here, we can charm them and try to get them to locate one of their com- panies here." `We are finding more and more that com- panies want their employees to be able to live, work and play in the same environment. This is what attracts them to a particular area.' — Developer An- dy Dolce Elmendorf, an All- American with Texas A &M University and a member of the Los Angeles Rams for nine years, has been working in the recreation business in Houston and California since he retired from pro ball two years ago. He will design the recrea- tional center. Dave Smith, vice president of sales for the Dolce Co., will pro- mote conferences at the center. He said he already has received a commitment from an Aggie with the Quaker Oats Co. for that firm's business in the future. Dolce said the center will rely heavily on local residents and former students. He said club membership at the facility might first -class be purchased for as little as $2,500 in the beginning and rise to as much as $10,000 at completion. Dennis Goehring, president of the College Station Industrial Development Foundation, said no companies have made a commit- ment to locating at the site, but he expects a snow -ball effect once construction begins. The council took no action on the plan presented at the meeting, but Mayor Gary Halter said that he was excited about it and that it appeared to tie together many loose ends concerning the park. In other business, the council voted 3 -2 to merge two of the eleven propositions in the Aug. 13 capital- improvements bond elec- tion. Director of Capital Im- provements Elrey Ash said the state attorney general's office had presented the city with the seem- ingly illogical task of splitting one proposition into three parts and combining three others into a single one. The attorney general must ap- prove all municipal bond issues in Texas and, therefore, gives an opi- nion on how the propositions should be presented to voters. The council decided to ignore the state's recommendation that a $4.88 million proposition for fire, police and public services be split into separate proposals for those three groups. It did, however, vote to comply with another recommendation that it combine a $6 million pro- position for construction of two streets and a $5.49 million pro- position for repair of existing streets into one proposal. 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, JIL Treasurer BOARD OF DIRECTORS D. A. ANDERSON Former Mayor - College Station STEPHEN L. BAKER 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 You and your guest are cord iat t y invited to attend a reception bon the Wutinghouze Etect)Lie Conponati..on, our newest high tech .industry. The reception wilt be head at the Cot tege Station Community Center, 1300 Jvtzey, Cottege Station, Texas, Wednesday, May 1 8, 1983. Ptea�se join us bar cocktai,P6 at 7:30 p.m. We took b orutar d to seeing you there. t Denni,b H. Go ehAi.ng, President RSVP by May 16 .ib unabte to attend 693 -9907 COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF APRIL 21 , 1983 12:00 NOON REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation, was held on Thursday, April 21, 1983. The meeting was called to order by Dennis H. Goehring, President, at 12:00 Noon in the College Station Community Center. PRESENT Ten members of the Board were present: D. H. Goehring D. A. Anderson W. D. Fitch Bill Phillips B. J. Cooley J. B. Hervey Phyllis Hobson Tony Jones Roy W. Kelly Steve Baker ABSENT Eight members of the Board were absent: Lowell Denton Joe R. Sawyer Mayor Gary Halter Jim Scamardo F. P. Hunsicker Carl Terna W. Arthur Porter J. P. Watson OTHERS PRESENT Van VanDever, Assistant City Manager Al Mayo, City Planner Dave Pullan, City Engineer Councilman Gary Anderson Bill,Sensibaugh of Westinghouse MINUTES APPROVED Bill Phillips made a motion the minutes of the February 17, 1983, regular Directors' meeting be approved as mailed. J. B. Hervey seconded the motion. Motion carried. REPORT OF THE D. H. Goehring introduced Bill Sensibaugh from PRESIDENT Westinghouse, who was sitting in for Rick Hunsicker. Goehring reviewed the Financial Statement for month ending March 31, 1983. He pointed out there is enough funds to finish the fiscal year. There being no questions regarding the financial statement, Phyllis Hobson made a motion to approve the March 1983 Financial Statement as presented The motion was seconded by Roy Kelley Motion carried. MINUTES OF APRIL 21, 1983 Goehring reported on his three and one -half day attendance to a seminar in Reno, Nevada on "How to Operate a Certified Development Company" and his one day tour of the Utah Research Park in Salt Lake City. Goehring reported the Ball Can Company will not locate in this area as Continental Can Company got the bid. There is strong interest in the Bryan park for another prospect subject to their time frame on water, railroad, etc. Progress on the College Station Industrial Park is on track. The City placed a legal notice inviting persons to submit bids for part of 1,265 acres in the park. The City has yet to work up its bid specifications, which could take 60 days to consummate. JAC is still on target and started their marketing report several weeks ago. The Nicklaus people were in town April 19 and were looking at property behind Timber - crest. Goehring said we have a lack of communication with this group and at this time we don't know what their situ- ation is. However, we have been able to generate a lot of interest from other people who can give us the flexibility that we want instead of rigid requirements that make it unreasonable to get local interest and involvement in membership. After the bid is let we will be able to see some action. Dave Pullan, College Station City Engineer, reported a contract on the sewer and water line has been awarded. It will take approximately 120 working days to complete and will extend to Greens Prairie Road. Pullan said services have not been extended within the industrial park at this time. Goehring stated there has been progress in the industrial park although it may not be visual; such as, water lines, a water tower scheduled for this summer, engineering, State Highway Department, and study of flood controls. Pullan reported the electrical power that will initially feed the park will run down highway 6. The feeder will come from the substation on FM 2818. Another substation is being planned within the 2,300 acres. Goehring passed out an article, which appeared in the Houston Post on April 14, regarding "Austin one of 4 Final- ists for High -Tech Venture." Micro - electronics and Computer Technology Corporation or MCC, a consortium of 11 firms will pick a site for a research center by May 15. The four finalist were picked from a total of 54 cities, including Dallas and San Antonio. Goehring said, Dr. Hanson, MINUTES OF APRIL 21, 1983 along with other dignitaries from the State and the Governor made a proposal in Chicago for this venture. In visiting with Frank Hubert, Jose Arguello, and North Bardell, Goehring said, we know that Austin was willing to contri- bute the 25 acres of land needed if MCC would locate in Austin. He feels the Industrial Foundation may consider doing the same in the future because if 25 acres were given and a venture puts $50,000,000 into the park it would be well worth it. MCC will spin off millions of dollars worth of business. This may be an idea the Industrial Foundation will want to look at seriously as time goes on. The Industrial Development Committee has requested its first contribution of $2,000 from the CSIDF to start its marketing program. Joe Buser & Associates will handle the brochure and will present a proposal. Texas A &M University has already started on their brochure and has submitted it to their group for approval. BCIF has allocated $40,000 for this advertising effort with the other three foundations contributing approximately $10,000 each. CSIDF's first draw on this amount is $2,000. W. D. Fitch made a motion to approve $2,000 be made available toward this marketing program and Steve Baker seconded the motion Motion carried Goehring feels this is a major step for the Industrial Development Committee in respect to all the entities. Goehring passed out a letter directed to the B -CS Industrial Development Committee from Bill Muse, Vice Chairman, of the committee. Also attached was an Agreement between the B -CS Chamber of Commerce for services to be provided to the Brazos County Industrial Foundation and B -CS Chamber of Commerce Policies on Industrial Development. A motion was made by W. D. Fitch to approve the Policies on Industrial Development and seconded by B. J. Cooley Motion carried Goehring reported on the possibility of a task force committee or grievance committee for generating a better working relationship between the City, builders, and developers. He feels a grievance committee to talk about various problems on a scheduled basis would be advantageous and there would be a liaison relationship generated between the City staff. He announced a young lady has been appointed for public relations work on a summer grant under the direction of the Political Science Department of the University of the South. Her responsibility will be to work closely with the grievance committee and the City staff. MINUTES OF APRIL 21, 1983 Roy Kelly constructively commented that caution be exercised to insure against any ill will generated toward the Industrial Foundation. Goehring commented this is a three month trial program. Goehring announced a tentative cocktail reception party on May 18 for approximately 20 couples from Westinghouse welcoming them to Bryan - College Station. Members of the City Council, Planning and Zoning, the school board, and other development foundations would also be represented. Tony Jones said he felt this would be a very good gesture and made a motion to hold a re- ception for Westinghouse W. D. Fitch seconded the motion Motion carried Bill Sensibaugh will confirm the date and attendees from Westinghouse. Goehring passed out the Audit for Period Ending June 30, 1982, which is the financial statement of the Industrial Foundation's last fiscal year. Roy Kelly asked Van VanDever if there will be any problem with funding the Industrial Foundation for $65,000. VanDever said he could not comment for the Council, but that the Arts Council's request has tripled and this will have to be reconciled in some way. The Finance Council Committee will meet Friday, April 22 and will study total funding from hotel /motel tax money. Roy Kelly made a motion to approve the Audit as pre- sented and Steve Baker seconded the motion Motion carried ADJOURNMENT There being no further business, a motion for adjourn- ment was made by Tony Jones and seconded by Bill Cooley. The meeting was adjourned at 1:15 p.m. Gracie Calbert, Recording Secretary Dennis H. Goehring, P esident College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 ( 409) 696 -8989 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 Commissioner W. D. FITCH Developer D. H. GOEHRING President - CSIDF GARY HALTER Mayor - College Station J. B. HERVEY Investment Builder 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 WILLIAM F. PHILLIPS, A President - Homestead S & L W. ARTHUR "Slip" PORTER Director - TEES JOE R. SAWYER President - University National JIM E. SCAMARDO President - Unitedbank J. P. WATSON Watson Hardware DATE: June 9, 1983 MEMO TO: College Station Industrial Development Foundation Board Members FROM: Dennis H. Goehring MESSAGE: This memo is to inform you that the regular monthly Thursday meeting for June has been changed to Wednesday, June 15, at 12 :00 Noon at the Community Center. The following topics will be discussed at the meeting: 1. A presentation by the Dolce Company on the golf course, country club, convention center, and golf villas. 2. A Complete update on the Master Plan. 3. Schedule for annexation program. Look forward to seeing you at this meeting. COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING AGENDA August 18, 1983 1. Call meeting to order. 2. A proval o inutes -Z T 61) 1""ry� - �,rr�. � 3. City Up date a. Legal b. Annexation S c C. Water • d. Sewer e. MUD 4. Other L.G.L.0 - John Cole 7 r 0*6 jqqIAWIN� 'AWO "JAI 00 v O �,GL� COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING M OF AUGUST 18, 1983 12:00 NOON REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Thursday, August 18, 1983. The meeting was called to order by Dennis H. Goehring, President, at 12 :00 Noon in the College Station Community Center. PRESENT ABSENT Nine members of the Board were present: D. H. Goehring Roy Kelly Jim Sdamardo W. D. Fitch D. A. Anderson J. B. Hervey John Hughey Bill Phillips Tony Jones Ten members of the Board were absent: Mayor Gary Halter Carl Terna Lowell Denton Bill Cooley J. P. Watson F. P. Hunsicker Phyllis Hobson Arthur Porter Steve Baker Joe Sawyer OTHERS PRESENT North Bardell, City Manager Van VanDever, Asst. City Manager /Finance Director Al Mayo, City Planner Catherine Locke, Assistant City Attorney David Pullen, City Engineer Gary Anderson, Councilman MINUTES APPROVED Roy Kelley made a motion to approve the minutes of the June 15, 1983, regular directors' meeting as mailed. Tony Jones seconded the motion. Motion carried. REPORT OF THE Dennis H. Goehring reported everything seems to be on PRESIDENT target with the Dolce Company. He asked North Bardell to give a city updatE on legal aspects, water, sewer, MUD, and annexation. Bardell stated the following dates are set to discuss the proposed annexation to the south: August 19, August 20, September 1, September 18, and October 13. On the evening of October 13, if there are no problems, the annexation will become effective. At that time, we will be able to complete annexation and begin to go ahead with the final contract MINUTES OF AUGUST 18, 1983 negotiations with the joint venture people. The joint venture people are moving residents into the area (five mobile homes) to qualify for the MUD district. There was a meeting with finance advisors from Houston Thursday, August 11, to draw proposals on MUD. This proposal will be taken to city council on September 8 to present the MUD. It is important to annex an area first and then obtain MUD. If a MUD is put together outside the city limits, the bonds pay only 70% of the development construction and when annexed the City becomes liable for the debt. If an area -is annexed and then MUD is authorized, they give the improvements to the City just like a developer. MUD bonds still remain in place for the MUD taxes or membership into the city district. Roy Kelley said he felt the average citizen doesn't understand and thinks the City will have to pick up these bonds. He would like the EAGLE to print the facts for the public. Jim Scamardo suggested we prepare an article and submit it to the EAGLE for publication. Bardell reported that sewer permits were all approved with no negative comments at public hearings and that the water line construction is proceeding. The Ferrel easement has not been received. At the present time the plan is to build up to his property and "T" out back along the highway, which would cost less than paying for the easement. David Pullen commented that since the perminent easement is 15' wide, plus 30' for maintenance, the property owner is concerned that the tree line buffer between his property and the highway would be damaged. Bardell reported that the water tower has not been bid. Bardell stated the growing trend throughout Texas are cities who are charging equity fees to builders for water and sewer infrastructure. These funds go into a pledged capital fund and used for water and sewer capital costs. The reason is that traditional funding bonding programs is failing. New builders would pay their share and could possibly reduce high tax costs. The City of Bryan has already adopted this plan but it is more like a tapping fee. In the city of College Station, 1,441 living units at $1,000 each would provide for water and sewer treatment facilities. However, Bardel pointed out that over a twenty year mortgage the $1,000 cost to the consumer would be terrible. However, Bardell said, this may become a State wide trend. Tony .Jones said he thought this plan would only cause problems. Bardell reported the fastest developing area in Texas right now is Rockwell, Georgetown, and Addison, Texas with an unbelieveable demand for capital expenditures. MINUTES OF AUGUST 18, 1983 Goehring asked the board for comments on what they think is driving up the cost of housing in our area. J. B. Hervey felt the city appraisals, permits, etc. Bardell felt the zoning, school district, and busing also add to the rise in costs. Roy Kelly asked who will subsidize the park when we run water and sewer and whether the individuals could pay these fees when they move into the park. W. D. Fitch agreed this was a good idea. Kelly complimented Bardell on his explanations to the board and said he felt that the average citizen does not understand what is going on. Bardell reported statistics on College Station's population growth in the last 13 years from 17,500 to approximately 45,000 or a 250% increase. In this same period the electrical usage has gone up 400 %. In the next 20 years this usage figure will triple. Therefore, the City of College Station will continue to seek alternate sources of power as our supply in the future is so vital. Goehring announced L.G.L. Engineering Consultants, an environmental firm, is waiting to move their office to the industrial park. The Industrial Development Committee continues to meet every two weeks with a lot more involve- ment than this time last year. The new brochure is now at Newman Printing and will feature a fold -out representing the four parks. A new name for the industrial park in the brochure was discussed. Jim Scamardo suggested the Economic Development Foundation. John Hughey suggested College Park, Goehring suggested The Parks (with sub - titles) and in naming the foundation for the new brochure, he suggested College Station Economic Development Foundation. Jim Scamardo made a motion to adopt the name College Station Economic Development Foundation, for the new brochure.and J. B. Hervey seconded the motion Motion passed Goehring stated that Humana Hospital has option property in College Station for relocation of their current facility in Bryan. Their move is still condition to approval of their "Certificate of Need." The board voiced solid approval and stated that individuals needed to be present and a delegation should be present at the hearings. J. B. Hervey said he would he glad to serve on the committee along with Goehring, Scamardo, and Bardell who have had extensive communication already with Humana. Goehring reported that an audit is being conducted by Ingram & Wallace on Brazos County Industrial Foundation. The IRS has questioned their tax 'free status. He pointed out that a joint venture with a private sector must make sure they are MINUTES OF AUGUST 18, 1983 in compliance with the Internal Revenue Service. Goehring announced the East Texas Chamber of Commerce Industrial Tour is scheduled for September 26 -29, 1983 and that he would like to attend. John Hughey made a motion to approve Goehring's attendance to the ETCC Industrial Tour and Tony Jones seconded the motion. Motion carried. Jim Scamardo invited the board to attend a Transportation Meeting on September 8 at 11:45 a.m, at The Briarcrest Country Club to discuss the bullet train, airport, and highway depart- ment. Also, there will be a special membership meeting in October to discuss the Chamber of Commerce relocation. ADJOURNMENT There being no further business, a motion for adjourn- ment was made by J. B. Hervey and seconded by W. D. Fitch. The meeting adjourned at 1:26 p.m.,thirty minutes prior to the projected arrival of the eye of Hurricane Alicia. ca, &� Gracie Calbert, Recording Secretary Dennis H. Goehririg, President COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF JUNE 15, 1983 12:00 NOON REGULAR t1EETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Wednesday, June 15, 1983. The meeting was called to order by Dennis H. Goehring, President, at 12:00 Noon in the College Station Community Center. PRESENT F11 *-N*j "N Thirteen members of the Board were present: D. H. Goehring Mayor Gary Halter Tony Jones Lowell Denton Roy Kelly J. P. Watson W. D. Fitch Phyllis Hobson Steve Baker D. A. Anderson Carl Terna Bill Phillips Bill Cooley Six members of the Board were absent: John Hughey F. P. Hunsicker Arthur Porter Joe R. Sawyer Jim Scamardo J. B. Hervey OTHERS PRESENT Al Mayo, City Planner Elrey Ash, Capital Improvements Director David Pullen, City Engineer Catherine Locke, Assistant City Attorney Councilwoman, Lynn McIlhaney Josephine Squire Billy Beard, County Commissioner Larry Wells, Bishop & Associates Jim Behling, Realtor Ricky Watson, Architect Randall Pritchett, JAC Developers Jose Arguello, JAC Developers Rodrigo Albir, JAC Developers Andy Dolce, The Dolce Company Jo Ann King, The Dolce Company Dave Smith, The Dolce Company Dave Elmendorf, The Dolce. Company Doug Sanders, Professional Golfer Harry Ranson, guest of W. D. Fitch MINUTES OF JUNE 15, 1983 MINUTES APPROVED The minutes of the April 21, 1983, regular Directors' meeting were approved as mailed. The Financial Statement was tabled until the next meeting. REPORT OF THE Dennis H. Goehring introduced Professional Golfer, PRESIDENT Doug Sanders to the Board. He also introduced Andy Dolce, Dave Elmendorf, Dave Smith, and Jo Ann King of the Dolce Company. The Board members and other guests introduced themselves to the Dolce group. Goehring called on Larry Wells of Bishop and Associates to report on the land use plan for the Industrial Park. Randall Pritchett reported on the MUD (Municipal Utility District) financing,which is an authority govern- ed by the State for water, sewage, and storm drainage. There are five water districts planned for the 2,300 acres after annexation which will occur this fall. Goehring asked Andy Dolce to make his presentation on the overall concept. Mr. Dolce stated his organization plans and develops conference centers, country clubs, golf courses, and athletic facilities. He is very interested in the high tech park. The project needs to centralize all these activities to attract local and regional confer- ences, and high tech companys. Mr. Dolce introduced Dave Elmendorf, a native Houstonian, who graduated from Texas A &M in 1971 and played professional football for the Los Angeles Rams for nine years. He now owns his own athletic center in Houston. Mr. Elmendorf has excellent background in developing athletic centers from the ground up. He would like to build a first -class conference and sports center at the park. He feels there is a definite need for this type of center in serving the community and former A &M students. Mr. Dolce introduced Doug Sanders, Professional Golfer, who will design and oversee the golf course and its operations. Mr. Sanders was director of golf at The Woodlands for seven years. He has been involved with building golf courses in the United States and around the world. His home for the last 15 years has been Houston and he would bring friends and people of notoriety to College Station for fund raising and charity events. He stated he would assist the University Golf Team and encourage their participation in our facility as well as the women professionals and the Senior Tour. MINUTES OF JUNE 15, 1983 Mr. Dolce introduced Dave Smith, Vice President of Sales, who has been involved with 26 conference and sales centers, which are all four and five star resorts. He feels the College Station park has strong business com- ponents which include Texas A &M University and regional and marketing meetings. He feels that with a direct sales force, strong advertising, and strong support from the local community, this park will be a great success. Andy Dolce said he wanted to include all these people into the project and they have agreed to form a partnership with the JAC Developers. During the last four months, they have been working out details and will continue to work with JAC. Goehring asked Mr. Dolce to explain facilities, member- ship, and financing. Mr. Dolce said the facilities will be designed on the basis of the market study with a 18 hole golf course, first class clubhouse, pro -shop, men and women locker rooms, fitness center, and tennis center. The primary market for membership will be from those who live in the area now and /or plan to move here in the future and from former A &M students. Membership will be $2,500 prior to construction and completion with increased fee after completion that could range all the way up to $10,000. He touched on the Founders Program and expects to generate up to 100 founders. The fees for this program could range from $25,000 to $50,000. He expects there will be 400 - 800 full memberships. However, memberships will be available in social, fitness center, golf, tennis, or a full membership. Pricing of each membership will be based on the desired activity, with total membership of 800 - 1,200. Good long term financing is available from the Houston area, but Dolce would like to involve local resources and use them accordingly. Target dates will be 2 to 2 -1/2 years before completion considering one year to plan pre - development, MUD, etc. Doug Sanders stated we have to plan to open in the month of April or May Lowell Denton, City Attorney, said the City Council will approve the Charter in August. MINUTES OF JUNE 15, 1983 Elrey Ash, Capital Improvements Director, stated that annexation could be completed by October, as soon as the City completes the service plans required by the State. Goehring asked Doug Sanders what he thought of the site. Sanders said the land has a lot of potential in comparison to other courses he has seen in the country. He feels the cost can be kept down and still be able to create "magic" with the water. The golf course will be 6,500 yards long. It will feature some hidden tees which will be brought out for professional use only. It will also feature a place for the local golf pro to conduct lessons and inexperienced golfers to play without cluttering up the tees. Goehring commented that a lot of plans are now be- ginning to come together and the future prospects are even more exciting. MCC's locating in Austin and Texas A &M's involvement with MCC should provide for spin -off to the Bryan - College Station area. Goehring asked that everyone read the proposal that the Austin community put together to attract MCC,which he passed out. Goehring introduced Jim Behling, a local realtor, to report on his trip to California. Behling stated he visited with four major companys. He further stated that each company cited four major reasons for plant relocation and or expansion: (1) No state income tax, (2) Air transpor- tation (they would like to be in and out of a city in one day), (3) A community with a low crime rate, good schools, and where their employees could purchase affordable homes, and,(4) No unions. Mayor Gary Halter reported on the airport meetings with the Airport Committee of which he is a member. The Committee has decided to leave the airport at Easterwood and improve the facilities. It was agreed to keep The Dolce Company updated on the transportation improvements. Goehring stated the College Station Business /High Tech Park could serve as a model for the State. He announced he has a meeting on Thursday, June 16 with a company to discuss a water tower called the Hydroplex Concept (a water tower featuring usable space in the tower). ADJOURNMENT There being no further business, a motion for adjourn- ment was made by Roy Kelly and seconded by J. P. Watson. The meeting adjourned at 1:35 p.m. A t,,i.v 1. CZ(GG't�cC. Gracie Calbert, Recording Secretary Dennis H. Goehrin , President THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Financial Statements For the Period Ended June 30, 1983 (With accountants' report thereon) INGRAM, WALLIS & COMPANY A PROFESSIONAL CORPORATION Certified Public Accountants BRYAN, TEXAS 77801 THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Financial Statements For the Pe riod Ended June 30, 1983 (With accountants' report thereon) INGRAM, WALLIS & COMPANY A PROFESSIONAL CORPORATION Certified Public Accountants 2100 Villa Maria, Suite 100 BRYAN, TEXAS 77801 D. Ingram, III TELEPHONE as A. Wallis (409) 779 -2500 L. Bennett W. Childs The Board of Directors The College Station Industrial Development Foundation College Station, Texas We have examined the statement of assets, liabilities and fund balance of The College Station Industrial Development Foundation, as of June 30, 1983, and the related statement of revenues and expenses for the period then ended. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary 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 certain revenue and the related assets are recognized when received rather than when earned, and certain expenses an the related lia ,j,P6964,�, ecog.- to G, n" ze` when paid rather than when the obligation is incurred. Accordingly, 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 of The College Station Industrial Development Foundation as of June 30, 1983, and the revenues and expenses for the period then ended on the basis of accounting described above and in Note to Bryan, Texas 9 September 6, 1983 rJi1 4» 4-el A //% r � � a /L /'� �✓ y 4 THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Assets, Liabilities and Fund Balance June 30, 1983 Assets Cash $ 2,042 Building and office furniture (net of allowance for depreciation of $2,463) (note 1) 8,128 $10,170 Liabilities and Fund Balance Fund balance, June 30, 1982 Excess of expenses over revenues Fund balance, June 30, 1983 $20,850 (10,680 $10,170 The accompanying notes are an integral part of the financial statements, THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Statement of Revenues and Expenses For the Period Ended June 30, 1983 (note 1) Revenues Industrial development grant (note 2) $ 60,000 Interest income 1,731 Membership fees'"(, 100 Reimbursement of expenses (note 3) 37,005 Sundry receipts 2,759 Total Revenues 101,595 Expenses Cost of market analysis 42,543 Salaries 32,500 4 Engineering fees 17,920 Conventions, meetings and seminars ,, r 7,207 Payroll tax expense 2,178 Telephone 1,766 Professional fees ---, 1,744 Retirement 1,197 Depreciation 2 1,036 'Ouies and subscriptions 997 Payroll tax penalties — 4. 962 Office supplies 922 Employee insurance 556 Insurance �_ -� -- - - -- - - -.� F 261 Miscellaneous 217 Moving � _.w._,. ?� 159 Postage 110 Total Expenses 112,275 Excess of expenses over reveneus O $ 10,680 The accompanying notes are an integral part of the financial statements. v THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Notes to the Financial Statements June 30, 1983 I. Summary of Significant Accounting Policies a. Basis of Presentation The Foundation keeps its records and prepares 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. b. 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. 2. Grants During the period ended June 30, 1983, the Foundation received a grant from the City of College Station, Texas, in the amount of $60,000. 3. Miscellaneous Income The College Station Industrial Development Foundation is promoting the industrial development of land that is owned in a joint venture arrange- ment between the City of College Station and individual investors. Thus, some of the receipts in miscellaneous income for the year ended June 30, 1983, are reimbursements to the College Station Industrial Development Foundation by the investors for their portion of an engineering study done on the industrial park land. The developers of the park are J.A.C., Inc. Receipts received from them during the year are reimbursements from them for their portion of marketing costs incurred in the development of the park. The breakdown of miscellaneous income for the year ended June 30, 1983 is as follows: Individual Investors $18,405 J.A.C., Inc. 18,600 $37,005 College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (409) 696 - 8989 OFFICERS I). Ii. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, JR Treasurer BOARD OF DIRECTORS D. A. ANDERSON Former Mawr - Ctlleee Station STEPHEN L. BAKER President - Gommerce National BILL J. COOLEY County Commissioner W. D. DITCH Desrlolx r 1). Ii. GOEHRING President - CSIDF GARY I IAI.TTiR Mawr - Gillcge Station J. B. HERVEY Inv<stmeni Builder PHYLLIS HOBSON Home Finders Rralty JOHN R. HUGHEY President - O. I. Corp. F. P. HUNSICKER Plant Manager - Westinghouse TONY JONES General Contractor ROY W. KELLY A - Auto Parts 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 Wat+tm Hardware DATE: September 12, 1983 MT.'tbrll mil _ Al2 Boa Members and r'..' t c f ^-� 1 - a na_ ..+.+i ... • -' :av y �.' vv �l�.yc vtCat foil FROM: D. H. Goehrinq SUBJECT: Directors' P4eeting MESSAGE: The regular board meeting of the College Station Industrial Development Foundation scheduled for Thursday, Sept 15, 1983 has been cancelled. COLLEGE STATION INDUSTRTAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF SEPTEMBER 22, 1983 12:00 NGUN REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Thursday, September 22, 1983. The meeting was called to order by Dennis H. Goehring, President, at 12 :00 Noon in the College Station Community Center. PRESENT Eleven members of the Board were present: D. H. Goehring John Hughey J. P. Watson D. A. Anderson Roy Kelly J. B. Hervey Tony Jones Phyllis Hobson Steve Baker Arthur Porter Bill Cooley ABSENT Eight members of the Board were absent: Jim Scamardo Lowell Denton W. D. Fitch Carl Terna Bill Phillips F. P. Hunsicker Mayor Gary Halter Joe Sawyer OTHERS PRESENT North Bardell, City Manager Van VanDever, Asst. City Manager /Finance Director Al Mayo, City Planner Elrey Ash, Dir. of Capital Improvements David Pullen, City Engineer Bruce Roebuck, President, College Station School Board Dave Kieser, Westinghouse Jim Behling, Realtor Randall Pritchett, JAC Developers MINUTES APPROVED J. B. Hervey made a motion to approve the minutes of the August 18, 1983, regular directors' meeting as mailed. D. A. Anderson seconded the motion. Motion carried. REPORT OF THE D. H. Goehring introduced Dave Kieser, Financial PRESIDENT Advisor for Westinghouse, attending the board meeting in F. P. Hunsicker's absence. Goehring reviewed the Financial Statement for month ending August 31, 1983. There were no questions regarding the statement. Roy Kelly made a motion to approve the August 1983 Financial Statement as presented and the motion was seconded by Phyllis Hobson. Motion carried. MINUTES OF ,SEPTEMBER, 22, '19$3, Goe,hring.passed out the audit on the College Station Industrial Development Foundation prepared by Ingram, Wallis & Company for the period ending June 30, 1982. He asked the board members to take it with them for review. The audit will be approved at the next board meeting. The draft of the proposal between JAC and the City was discussed. Goehring said a lot of time has been spent in drawing up the contract proposal in order to get ready for bidding. The preliminary draft includes the following main issues: 1. Greens Prairie Road - -The City will build the Greens Prairie R ad extension from hwy 6 to Rock Prairie Road. The cost of construction will be assessed to the adjacent property owners. North Bardell reported the shoulders will be 32' wide with plans for future sewer and gutters. Construction will start around the first of the year. If built on rural standards there is a future possibility that the highway department will pick up some of the costs. 2. Electricity - -The electricity is tied in directly with annexation. Following annexation the City will proceed to serve the area. If annexation does not pass electricity for the area will be rural power. 3. Water Service- -Elrey Ash reported the laying of the 24" water pipe down Texas Avenue South to Greens Prairie Road is now in progress. 4. Sewer - -The sewer treatment plant which was planned eight years ago will be located in the 2,300 acres. The Whalen Corporation will build the treatment plant. At phis time the possibility of using private funds instead of bond' dollars is being discussed with the Whalen Corporation. At the end of a specified time the treatment plant and equip- ment would becom property of the city. In the meantime, the city pays for the service. Private capital ventures are currently used throughout the United States on property owned by the city and when the Pease lapses the city owns it. Cooley asked if the city preferred not to get into this type of business. Bardell commented the city would like to get into this business but private capital ventures can build much cheaper and faster. Bruce Roebuck asked if this would be subject to advalorem taxes. Goehring said JAC will still have to pay their share of the extension of these services to their property. Bardell said permits have been received on the three proposed' treatment plants from the permit office. MINUTES OF SEPTEMBER 22, 1983 5, Storm Sewer - -All necessary drainage systems shall be the responsibility of the developer, The City will accept and maintain any underground drainage systems, if provided with necessary access. 6. Industrial Development Foundation - -The Foundation will change its name and modify its by -laws somewhat to become more independent from the City, The Foundation's concern is how the internal revenue is going to treat this foundation on a tax free status. Any community with projects with the private _zctor would lose their tax free status. Ingram & Wallis are researching this issue and will have a report in approximately 60 days, 7, Land Exchange - -As soon as the contracts are complete, it is proposed that a land exchange transaction will take place between JAC and the City on 235 acres. This land will then be subject to the Foundation's control and development. A general discussion followed on the remaining issues: 8, Oversize Streets 9, Planning Costs 10, Title Work 11, Zoning /Comprehensive Plan 12, Parks 13, M.U.D. 14. Parks Facilities Coehring stated this proposal is only a preliminary draft and has not been finalized. It will take a lot of time and work anu the board is invited to participate. Annexation on October 13th is critical for this entire project to succeed. Roebuck stated he felt that annexation was critical in view of the anticipated need for advalorem taxes for the school system particularly from the commercial sector, Steve Baker said improvements and infrastructure will bring in all types of people to our area. The College Station Independent School District has a lot to gain in industrial development in this community, Al Mayo stated that long range planning is also needed by the school board. If the school district doesn't get industrial growth in College Station the tax rate over an extended period of time will double, the bulk of which will be born by the single homeowner. It is important that the school board be kept up to date. Roebuck said the school board would like to work more closely with the development foundation. John Hughey stated that 74% of the salaried people and 56% of the labor live in College Station (according to Brazos County Business Park statistics). Bardell stated that in Texas the average school age child is one in seven and in the College Station Independent School District it is one in twelve of the population, MINUTES OF SEPTEMBER 22, 1983 Skip Porter stated the most frequently asked question by families moving into a high tech industrial area is what kind of education will their children receive. There is no bigger question than the "quality" of education received. Bruce Roebuck agreed to brief the school board and agreed to appoint Mike Fleming to act as liaison between the school board and the Industrial Foundation. Mike Fleming is also - -)rking with the City Planning and Zoning Committee. Pritchett gave Roebuck a briefing on the master plan and explained the I_ong range plans. ADJOURNMENT There being no further business, a motion for adjournment was made by Steve Baker and seconded by Tony Jones. Motion passed. The meeting adjourned at 1:50 p.m. kA4��, &&.t I'L 4� Gracie Calbert, Recording Secretary Dennis H. Goehring, Preside t COLLEGE STATION ECONOMIC DEVELOPMENT FOUNDATION Statement of Cash Receipts and Disbursements For the Month Ended October 31, 1983 BALLANCE FORWARD 9/30/83 $32,551.87 RECEIPTS Money Market Interest 160.87 Credit on Check Order 60.00 TOTAL ASSETS DISBURSEMENTS Wall Street Journal 94.00 World Travel 107.00 A &M Travel 214.00 T.I.D.C. 30.00 General Telephone 78.36 City of College Station - Salary 2,885.40 East Texas Chamber of Commerce 50.00 TOTAL DISBURSEMENTS BALANCE Current Outstanding Checks 3,137.76 Less Previous Outstanding Checks (20.00 TOTAL BALANCE PER BANK STATEMENTS Unitedbank College Station Checking Account Balance Commerce Bank Checking Account Balance TOTAL $32,772.74 (3;458.76 29,313.98 3,117.76 $32,431.74 $ 3,000.59 29,431.15 $32,431.74 - Unaudited - COLLEGE STATION ECONOMIC DEVELOPMENT FOUNDATION Statement of Cash Receipts and Disbursements For the Month Ended September 30, 1983 BALANCE FORWARD 8/31/83 $35,857.48 RECEIPTS Transfer from Savings 984.88 Interest from Savings 35.80 Money Market Interest 2_ .in 5h TOTAL ASSETS $37,108.72 DISBURSEMENTS Transfer to Checking 984.88 Check Charge 114,07 Kroger 58.70 City of College Station - Salary 2,885.40 General Telephone 309.55 D. Goehring 20.00 City of College Station - Phone 4.25 TOTAL DISBURSEMENTS (4,376.85 BALANCE $32,731.87 Current Outstanding Checks 20.00 Less Previous Outstanding Checks (200.00 TOTAL (180.00 BALANCE PER BANK STATEMENTS $32,551.87 Unitedbank College Station Checking Account Balance $ 3,000.59 Unitedbank College Station Savings Account Balance - 0 - Commerce Bank Checking Account Balance 29,551.28 TOTAL $32,551.87 - Unaudited - ♦�� City of College Station POST OFFICE \ / CE BOX 9960 1101 TEXAS AVENUE COLLEGE STATION, TEXAS 77840.2499 November 8, 1983 JAC Developers, Inc. 400 Tarrow Street College Station, TX 77840 RE: CURRENT STATUS OF JOINT DEVELOPMENT OF 2300 ACRE PARKS PROJECT and RESOLUTION OF GREENS PRAIRIE ROAD RIGHT -OF -WAY DEDICATION DISPUTE Gentlemen: After discussion of the conversations and understanding surrounding current status and expectations for development of the 2300 acre project, and the dispute concerning the dedication of Greens Prairie Road right -of -way to the public, by Jerry Spearman, (by a Plat, file dated September 21, 1981, and recorded at Volume 495, Page 453, of the Deed Records of Brazos County, Texas), the following conclusions are offered by the City staff as the official staff position on these matters: RIGHT -OF -WAY DEDICATION AND LAND EXCHANGE 1. R. F.' and Jerry Spearman sought to have the City absorb the cost or burden of right -of -way dedication for Greens Prairie Road. 2. At the time of the discussions with Robert F. Spearman, it was understood and accepted that the land exchange between the Spearmans and the City would result in the City owning approximately 200 acres in the northwest end of the 1,000 acre parcel, abutting Greens Prairie Road along the length of the parcel, (said parcel being then owned by Jerry Spearman). 3. City personnel never agreed specifically to absorb the cost or burden of the right -of -way dedication, or to "net out" any acreage ded- icated as right -of -way. The City Council has never considered the issue. 4. The City dedicated approximately 9.08 acres and Jerry Spearman dedicated approximately 18.06 acres for Greens Prairie Road, by the plat refer- enced above. (These figures are not net of the Producer's Gas Easement, which constitutes approximately 35% of the right -of -way area, and since pre- existing, should not enter into area adjustments, if and when made). 5. The City staff was in agreement that the ultimate owner of the property abutting Greens Prairie Road, and at the corner of Texas Highway 6, should bear the cost or burden of the right -of -way dedication. The staff continues to adhere to this view. 6. JAC determined that it was in its best interest financially to move the exchange acreage from the northwest portion of the 1,000 acre parcel along Greens Prairie Road to another location on the 1,000 acre parcel. The City staff was not opposed to the movement of the acreage exchange, since the intended utilization of that land is for high technology research oriented industry, considered to be of premium benefit to the entire community; and since the City does not intend to enter the field of commercial development. The staff was not asked to approve the relocation, however, as JAC informed City personnel that the location of the ex- change acreage would not be at the original location. 7. As an extension of the original agreement with Bob Spearman, and in consideration for the land exchange, JAC will be entitled to the following utility service, extended to the boundaries of the 1,000 acre parcel "free of cost" to JAC: a. A waterline or waterline capacity equal to a six -inch diameter line with a static pressure'of 100 psi, less 200 gallons per minute pre- viously guaranteed to Texas World Speedway from the PVC line in existence on the date of the original agreement for acreage exchange. -2- b. Installation of sewage treatment capability,. with 250,000 mgd committed to JAC use within the 2300 acres, pursuant to an existing permit from the Texas Department of Health, and ex- tension of a collection trunk line to the boundary of the 1,000 acre parcel by the most direct route from the treatment facility. UTILITIES AND MUD APPROVAL The staff is supportive of the creation of Municipal Utility Districts in the event of implementation of a City wide capital re- covery system. The staff will continue to work toward a final draft of_- a- m unicipal Utility agreement to be presented to the City Council for approval, in the general format of the agreement previously delivered in draft form to JAC. In the absence of a capital recovery system implemented on a City wide basis, the staff would support municipal utility district development only where a developer proposing a utility dis- trict financed its own pro -rata portion Of off -site water and sewer facilities for the entire property, paying the City for any installation or cost of existing facilities. This last statement assumes that JAC is entitled to utility extension or availability, free of cost, to the extent set forth above in paragraphs 7a and 7b. The terminology "free of cost" shall not prevent the applicability of • capital recovery system implemented on • city -wide basis to the JAC property, on any other property owned by JAC. The implementation of a capital recovery system is anticipated to provide for the cost of utility services within the overall city, and those fees, if and when implemented, will be paid by builders or ultimate purchasers of property, as opposed to the original raw land developer. In the event that no capital recovery system is implemented, JAC shall be responsible for -3- all off -site costs which are borne by developers within the City or within the City's extraterritorial jurisdiction, except to the extent set forth above in paragraphs 7a and 7b. JOINT DEVELOPMENT PROCESS The City staff continues to support a joint development approach to the property and, consistent with recent events, will recom- mend to the City Council in the near future a. That the City and JAC exchange acreage at the original purchase price ratio of 1750/1250 (being approximately 200 to 240 acres of the 1,000 acre parcel con- veyed by JAC to the City, free of encumbrances, and 280 to 336 acres of the 1265 acre parcel to be conveyed to JAC by the City. Such acres shall be exclusive of 100 year flood plain and developable under City ordinances as they now exist; and the location of the acres conveyed to the City shall be adjacent to property which JAC plans to utilize within the master plan for high technology research ori- ented activity. b. That the owner, whether JAC or the City, or both, of the property along Greens Prairie Road, and being a portion of 2 the 1,000 acre parcel, 'should bear the cost of burden of the right -of -way dedication. C. That the City and JAC cooperate in the development of the en- tire 2300 acres toward the ob- jectives of the master plan considered and approved by both. d. That the City and JAC enter into -4- a relationship similar to a joint venture to develop the high technology area of the plan, sharing cost and revenues, and having equal voice in the develop- ment and marketing process; with the CSIDF to function as the City's contractual partner in the develop- ment process. A contract draft is underway at the present time. e. That acreage conveyed to JAC under the exchange agreement shall be areas planned for residential development on the master plan, and that JAC shall be entitled to develop same pursuant to ordinances and regulations generally applicable to property owners in the community similarly situated, without further contractual relationships or obli- gations to the City after the ex- change. f. That because the current market for a hotel convention center appears to be highly unfavorable and the probabilities for success question- able, the staff proposals contained in a letter dated November 30, 1982, from Dennis Goehring, co- signed by North Bardell on behalf of the City, are no longer viable, being based upon the long term revenue expectations of a hotel convention center as pre- viously conceived. The staff can no longer support or recommend the relationship contemplated in that letter. JAC and the City must � rethink the proposals for cooper- ►�lV ative development within the 2300 acres, exclusive of the land ex- change aspects outlined above, and expedite the making of decisions to _prevent any market delusion or lost ` opportunity in the high- technology or research and development market, and in other areas of consideration or interest. -5- The following timetable has been proposed and every effort will be made to meet it: November 3rd Outline of Contract Draft mailed and delivered to City Council Members and other in parties. November 4th Revised Draft of the Municipal Utility - A- reement furnished to JAC and their legal counsel as well as City Council Members and pertinent staff members. November 9th City Council Meeting on the Municipal Utility District Resolution. November 18th Draft of venture agreement available for all parties to review. November 22nd Possible City Council consideration of the joint venture contract draft. December 6th Possible City Council consideration of the joint venture contract draft. For purposes of future clarity in the process of negotiation, please understand that the undersigned alone is authorized to convey or confirm official staff position, and that any binding agreements whatsoever, other than routine operation and maintenance within a current year's operating budget, legally require City Council approval. Sincerely, r' U ort�� Bardell NBB:jls cc: Don Dillon David Pullen Bill Cooley North Bardell Elrey Ash Hon. Mayor Halter Larry Wells R. F. Spearman Jerry Spearman Dennis Goehring Van VanDever Members of the City Council Al Mayo W:V > STATE OF TEXAS OFFICE OF THE SECRETARY OF STATE AUSTIN, TEXAS 78711 L ",4 L L T C X q i". CL L S , I C C N T v . 7 ' V A - �'T FLUN.. i� ATr9%1 T:-',[: CLLL�-Gr ST,%T19N 'r;�iEA)STi`TAL C -'DFv- !a F UP > T : L E A S L' R F T C A F P 9 V E A N 0 P L 4 C' E R c r Qlkr T F A P T I I F I T H 71 F rij THAT CREATED YL ATICIc. WE 03 c C URI REST P YFTP EtJ V T t P AS A rr'fl i A T I C �4 Y AR E S",'IJ .`("T Ti ST4',T � TAX L .4' S 0, 1 T "'TT045 ;OFF EXEMPT F!'C'M THr_" Pi0MF C F F A4 CH r 'S T ", X F S 17 r 4 Y 4L S n EX F " P T F* 3 M " TH P '! T ---I F <': A L JS USE TAX 0-' TPE p . CFV -: 0, Fr T L = I T E S IF YCU FEFL .THAT THE LAW YCUR CaFP!]P--lT(CN IS T I T E: D T z' E E X E X - T Y C L M U C " T A 0 P L. Y T '- J ThF C'- " 12F PI ; P L IC !C- J N' T S F r'v I -, E E X. E M P T 1 ;D M THE SEC P, v rAj.'.Y C r s Tj ,lN A, MK 0 1 T.N AT lu FC r Y0UP C GF PORA M"'J. C FF Wc ceti uc CF FUPTP-- SERVICE AT A�'Y T7.i." - 1, � - � QU'q PLEASE LET US KWILI, V::? TpuLy Ycutsf GEDNGF,'J. S7�,AKrp icz. !"F ST.4FE L BY* 4TLLT .lv W. [10L.AKEp JPI D T T C C D a P .9 0 A T ICC `i T V I S T f 1% TELEX: 77-6494 h` ?the �tzdr of 'Texizs ecre#ttrg of #tt #e CERTIr- ICATF �F 14C CFNC PAT ION 0. F THE CCLLEGE STATION I`iDUSTRIAL D'CVEIUPMEtiT FOUNDATION CHARTER NHM3�:D 536702 THE LND::r<S IGNED, AS SEC TAPY OF STATF OF THE STATE OF TE XAS, HEREBY CcRTIFIES THAT APTICLFS CF {NCCkFCFATirIN FOR THE AEOVE: CORPOPATICN.p DULY S IGNED AND VERIFIED HAVE BEEN RECE IVED 1`J THIS :IFFiCE Al,C APE FOUP:D TO CGNFORIM T,i L 4 - ACCOFDINGLY THE UNDEPSIGNEDs AS SLCH SEC'RETAPY OF STATE. AND BY VIRTUE OF TFE AUTHO °TTY VESTED TN HIM BY LA'Wj, HEREBY ISSUES THIS C -JF TNCGRPCPATIOA AND AiTACHEI� HERETO A COPY OF THE APTICLES CF INCORPOPATION. DATED G.T. 21, 1980 Secretary of State ACT n me 01rice of the n Sccrc!a of til:riC of Tcxa% ARTICLES OF INCORPORATION OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION flCr211�8p Cori) or,! ?iOil Di$-ision WE, THE UNDERSIGNED, being natural persons of the age of Eighteen (18) years or more, at least two of whom are Citizens of the State of Texas, and acting as.Incorporators of a Corporation in accordance with the Texas ;ion- Profit Corporation Act, Article 1396 -1.01, et. seq., do hereby adopt the following Articles of Incorporation for such Corpor- ation: ARTICLE ONE The name of the Corporation is and shall be THE COLLEGE STATION INDUS- TRIAL DEVELOPMENT FOUNDATION. ARTICLE TWO The Corporation is and shall be a non - profit corporation. ARTICLE THREE The period of its duration is perpetual. ARTICLE FOUR The exclusive purpose for which the Corporation is organized is to pro - mote the public interest of THE CITY OF COLLEGE STATION, TEXAS, inclu- ding, by way of example only, the promotion of the business interest of the City of College Station; the rendering of financial and other assis- tance toward the manufacturing, industrial, business and trade development of the City of College Station; to induce the location in the City of College Station of new manufacturing, industrial, scientific, educa- tional, civic, and business enterprises; the purchase, subdivision, sale, and lease of real property for the use of such enterprises; the erection, construction, or repair of any buildings, facilities, or improvements for the use of such enterprises, and to accumulate and lend money for such purposes. ARTICLE FIVE No dividend shall be paid and no part of the income of the Corporation shall be distributed to its members, officers, or directors. Any sur- .RTICLES OF INCORPORATION -PAGE ONE .. :'es+•w7v .:...re.5u +..4.;it;6t'k G. . Y :._.. �,.rtr:i. 4ksw.'hn. � _ ' x _ n %:, nu. R� _*�x g. � +�:ai., .• .si.. _. . �:..!r Y�a �y- plus which shall accrue shall be used in furtherance of the objectives and purposes of the Corporation. ARTICLE SIX The street address of the initial registered office of the corporation is 1101 Texas Avenue, College Station, Texas, 77840, and the name of its initial registered agent at such address is LOWELL F. DENTON. ARTICLE SEVEN The Corporation shall have one or more classes of members. The designation of such classes of members, the manner of election or appointment, and the qualifications and rights of the members of each class shall be set forth in the By -Laws of the Corporation. ARTICLE EIGHT The number of directors of this Corporation shall be Twelve, unless otherwise specified in the By -Laws of the Corporation, but never less than three, and the names and addresses of the persons who are to serve as the initial Directors and ^ until their successors have been named by the membership are as follows: W. D. FITCH P. 0. Box AF College Station, Texas 77840 ROY V1. KELLY 1407 Post Oak College Station, Texas 77840 I GARY HALTER 1204 Ashburn College Station, Texas 77840 j PHYLLIS JEANNE HOBSON 1608 Dominik College Station, Texas 77840 J. P. WATSON 107 Mile Drive College Station, Texas 77840 D. H. GOEHRING 844 S. Rosemary Bryan, Texas 77801 1 ARTICLES OF INCORPORATION -PAGE TWO JIM E. SCAMARDO 1404 Post Oak Circle College Station, Texas 77840 JOE R. SAWYER 1804 Lawyer Place College Station, Texas 77840 WILLIAM F. PHILLIPS, JR. 2520 Faulkner College Station, Texas 77840 STEPHEN L. BAKER 1701 Woodland Drive Bryan, Texas 77801 BILL J. COOLEY 503 Glade College Station, Texas 77840 TONY'JONES 2000 Oakwood Trail College Station, Texas 77840 :i 3 ARTICLE NINE The name and street address of each incorporator is: GARY HALTER 1204 Ashburn, College Station, TX 77840 LOWELL F. DENTON A. E. VAN DEVER, JR. 1101 Texas Avenue, College Station, TX 1101 Texas Avenue, College Station, TX 77840 77840 IN WITNESS WHEREOF, we have hereunto set our hands this day of October, 1980. THE STATE OF TEXAS THE COUNTY OF BRAZOS BEFORE ME, the undersigned authority, on this day personally appeared Ul'J� LL TOd and ��2� /,�T�� known to me to be the persons whose names are subscribed to the foregoing document and, being by me first duly sworn, severally declared to me that the statements therein contained are true and correct. / GIVE; UNDER MY HAND and seal of office this J day of C?'z4A --� , 1980. Notary Public, The State of Texas My Commission Expires j GAYLE FERRERI FIRQWN �( '= Notary Public • Br voR Cownky� �3i My, commis -4Qn ExPl ARTICLES OF INCORPORATION -PAGE THREE - �""TS'SK'iWtir. art :. - t,.'� "r �� e� _' .. , . r : .Y �!'•�� ��l?°-�,ti�iC, ��rs .�i'�, s, �-�r .•.,,•srs..rnrv - ,.�„y�:�> Su2wA7ctir.:a :irr:- C.va�Ai� i.�i+n� - ..=11 -�W' i 4 t� 7F N 11f 4 �r� ��: y aw �wr� �l •�ll�' w High -class high-tec,� Hugh Nations /City Hall Report Dr. Gary Halter Mayor College Station, TX 77840 Dear Mayor Halter: I know you're awfully busy nowadays, what with painting bonfire signs, selling the city's sewage plant, and trying to keep all those naysayers bottled in bonds. So I thought I'd pass on something just to brighten your day. It's a real gasser. Seems there was this small college tank town, overrun with students, that was searching for ways to improve its tax base, which consisted basically of just some retail establishments and a little in- dustry. The city fathers (actually, it should be the city parents, since the council had mothers on it, too) decided they wanted some industry to help pay the tax bill. Now, as you know, a city that wants to do that will normally find several hundred acres for an industrial park, buy it, and then scout around for some industrial tenants. This small college town was different, though. First, it bought over 1,200 hundred acres, several times the amount of land it needed. Then it entered into an agreement with a private developer which owned about the same amount of land next door. The city and the developer agreed in effect to develop the property jointly as a first -class in- tegrated residential recreational commercial high - tech industrial park. The council brushed off any 12, suggestions that such an approach put the city in the speculative development business. Perhaps one reason that the city wasn't too in- terested in hearing such protests was that the loca- tion of the proposed high -tech industrial park — the reason that the city bought all that land in the first place — wasn't even iri the acreage owned by the city. The park was supposed to go in the acreage owned by the private developer. There was another minor glitch, too. The land wasn't inside the city limits. That was cured by an- nexing the land, along with thousands of acres of miscellaneous cow pastures, uncounted gopher holes, and a go -go dance hall. The vastly expanded area of the city naturally was going to require city services, so in its next bond election the city included some items, such as a fire station site, to serve the area. The kicker to the whole thing, though, Mayor, and the reason that I thought you'd enjoy the story, is that after going to all that trouble to put all that high -class development on the ground, the city ultimately plans to drop a 12- million- gallon -a- day sewage plant right in the middle of those ex- pensive homes, golf couses, shopping centers and the super high -tech industrial park. That's three times the size of the other sewage plant that now serves the city. Now, that's high -class high -tech. Yours for better government, Hugh Nations BUSI Saturday, November 19, 1983 Bryan- Colleg Committee holds first, maybe last, meeting By STEVEN H. LEE Business Writer The Texas A &M University Industrial Park Development Com- mittee Friday held its first formal meeting with the research park's coor- dinator, Dr. Mark L. Money. But it may also be the committee's last formal meeting. The committee review- ed a timetable which pro- jects initial development of the research park for August 1984, and ap- proved 'standards for prospective park tenants. Then, the committee voted to recommend dissolving itself. Dr. Frank W. R. Hubert, chairman of the committee, said the group has already ac- complished what A &M Regents Chairman H.R. "Bum" Bright called for it to do when he formed the committee in April 1982. Hubert will make the recommendation to regents next week, but will leave it up to Money to suggest a charter for a new committee. Money said he may go along with Hubert's recommendation and seek the advice of in- dividual committee members on an "ad hoc" or consulting basis. Money, who came to A &M last month as vice chancellor for research park and corporate rela- tions, updated the status of the research park's master plan, which goes before regents for ap- proval Tuesday. He anticipates that about $6 million will be needed to fund develop- ment of the park's first phase, which comprises just over 100 acres of the total 318 -acre develop- ment. The park will be located west of the main campus along Farm Market Road 2818, at the intersection with FM 60 (University Drive). Initial development of roads and utilities in the park should begin by next August, Money said, with completion ex- pected by the fall of 1985. Landscape plan- ting may be finished by the -fall of 1986, ac- cording to the timetable. Money told the com- mittee that a list of ven- ture capital firms which could influence location of research and develop- ment companies in the park is being prepared. The effort has already netted at least one pro- spect. Money said investor Berry Cash of Dallas, who Money said is now completing a $25 million capital partnership, wants to invest in a com- pany in the research park. Money said he has been invited to visit with Cash. The identity of the company was not disclosed. Also, Hubert said Trammell Crow, a large real estate development firm, is "highly in- terested" in bringing in some type of speculative building that could house a printing or visual aid service in the park. But the firm wouldn't likely make a move until at least four tenants have located in the park, Hubert said. Mark L. Money The park will primari- ly work to attract research and develop- ment firms "compatible with research interests of the university." But Money said the park also will be open to businesses that provide necessary services to those tenants, possibly including hotels, restaurants, conference centers, recreational and storage facilities, and a post office. But he said with the new Hilton Hotel and Conference Center and other proposed hotel projects, he doubts similar developments would locate in the park any time soon. COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING AGENDA November 17 1983 1. Call Meeting to Order 2. Approval of Minutes 3. Financial Statements - September and October 4. Review Brochure 5. Trips: ETCC- Industrial Tour, New York, September 25 -30, 1983 ETCC -Host for Foreign Bankers, Houston, October 12, 1983 Water Tower Meeting, Nashville, October 2 -3, 1983 10 Reception on November 29, 1983 for Dr. Mark Money, l � at the Brazos Center, 5:00 p.m. to 7:00 p.m., Presentation of Sites by All Foundations 7. Chamber Relocation - Jim Scamardo 8. Contract Review - JAC /City /Foundation 9. Prospects I COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF NOVEMBER 17. 1983 12:00 NOON PRESENT ABSENT OTHERS 'PRESENT MINUTES APPROVED 'REPORT OF THE PRESIDENT REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Thursday, November 17, 1983. The meeting was called to order by Dennis H. Goehring, President, at 12:00 Noon in the College Station Community Center. Eleven members of the Board were present: D. H. Goehring Carl Terna W. D. Fitch Steven Baker Jim Scamardo Bill Phillips Tony Jones D. A. Anderson Phyllis Hobson Bill Cooley J. B: Hervey Eight members of the Board were absent: J. P. Watson Roy Kelly Arthur Porter Mayor Gary Halter Lowell'Denton F. P. Hunsicker Joe Sawyer John Hughey David Pullen, City Engineer Bill Sensibaugh, Westinghouse Randall Pritchett, JAC Developers D. A. Anderson made a motion to approve the minutes of the September 22, 1983, regular directors' meeting as mailed. Carl Terna seconded the motion. Motion carried. D. H. Goehring introduced Bill Sensibaugh, of Westinghouse, attending the board meeting in F. P. Hunsicker's absence. D. H. Goehring asked for a motion to approve the audit on the College Station Industrial Development Foundation prepared by Ingram, Wallis & Company for the period ending June 30, 1982, with one exception. The exception was that the audit conform to the by -laws of the foundation regarding directors length of term to serve on the board, or that the foundation continue to keep the original board of directors in view of the fact the foundation is involved with a joint venture agreement and that the City is funding the project. MINUTES OF NOVEMBER 17, 1983 D. A. Anderson made a motion to approve the audit with the exception as noted. W. D. Fitch seconded the motion. Motion carried Goehring reviewed the Financial Statements for months ending September 30, 1983 and October 31, 1983. There were no questions regarding the statements. J. B. Hervey made a motion to approve the September and October 1983 Financial Statements as presented. The motion was seconded by Phyllis Hobson Motion carried. Goehring passed out the new brochure, "Bryan- College Station - A Site for Corporate Ayes!" The brochure was a combined effort of the four entities of the Bryan - College Station Industrial Development'Committee. The cost for 10,000 brochures was $2,200. Goehring and inquiries. encouraged the board members to take several brochures for distribution to friends Goehring updated the board on several recent trips. He attended the East Texas Chamber of Commerce Industrial Tour on September 25 - 30, which started in New York City. Eighty -seven people attended from the East Texas area. He said it was interesting to note that a number of people attended the hosted reception and lunch. It was an excellent trip and a lot of prospects were developed. He also attended the East Texas Chamber of Commerce - Host for Foreign Bankers, held in Houston, October 12, which was heavily attended. He feels a lot of foreign bankers are interested in Texas. He also reported on a meeting he attended in Nashville, Tennessee on October 2 and 3 to discuss the water tower. A contract will be let Tuesday, November 22, 1983, to the Whalen Corporation for construction of the sewer and water tower. The tower will be similar to the one at Texas A &M University. The color has not been decided on. The water line has been layed to the site. The tower, which will be approximately 193 feet tall, will be under construction after the first of January. Goehring announced a reception will be held for Dr. Mark Money, Vice Chancellor for research park and corporate relations at Texas A &M University, at the Brazos Center, from 5:00 p.m. to 7:00 p.m., on Thursday, November 29, 1983. Also at this meeting a presentation of site plan will be made by each of the four foundations representatives. Jim Scamardo commented that this year the Chamber of Commerce tried to hold as many membership meetings as possible on important topics. The industrial topic is always interesting to the members and this meeting will be a good opportunity to introduce Dr. Mark Money. Scamardo feels the better the communication, the better the team effort. MINUTES OF NOVEMBER 17, 1983 Goehring complimented the Chamber of Commerce and its accomplishments this year. The relocation of the chamber office will be very important to the community as a whole. Goehring passed out the contract with respect to the joint venture JAC /City and the Foundation. He asked the board to review the contract point by point as it details many things that have been discussed for the last year and a half. The board should contact D. H. Goehring, North Bardell, or Lowell Denton if they have any questions regarding the contract. Goehring said he has had more prospect activity in the last ninety days than in the last two years. He has a list of ten groups who are interested in The Park and he is excited about the fact that things are moving. Scamardo commented that until utilities are in place industries are not going to get real excited about moving. At a meeting Goehring attended with the Dolce Company and JAC, a review of the proposal resulted in not building the convention /hotel center, but trying to utilize the country club to handle short courses. As the project grows a convention /hotel center could be considered. However, financial institutions will not be interested in getting serious until plans are finalized with the city. Goehring also added, the next ten years will be dynamic in economic growth but we will have to work at it. Tony Jones announced three names will be submitted for board members to the Brazos County Industrial Foundation on Monday, November 21, 1983. The names are: J. P. Watson, Roy Kelly, and John Hughey. ADJOURNMENT There being no further business, a motion for adjourn- ment was made by Carl Terna, and seconded by W. D. Fitch. Motion passed, The meeting adjourned at 1:20 p.m. Gracie Calbert, Recording Secretary Oennis 11. Goehring, Preside t