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HomeMy WebLinkAbout1984 Industrial Development Committee Minutes and NotesCollege 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. I). FITCH Developer D. Ii. GOEHRING President - CSIDF GARY HALTER Mayor - College Station J. B. HERVEY Imrstment Builder PHYLLIS HOBSON Home Findcrs 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, JR. President - Homestead S & L W ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER President - University National JIM E. SCAMARDO President - Unitedbank DATE: January 13, 1984 MEMO TO: All Board Members and City of College Station FROM: D. H. Goehring SUBJECT: Directors' Meeting MESSAGE: The regular board meeting of the College Station Industrial Development Foundation is scheduled for Thursday, January 19, 1984, at 12:00 Noon, at the Community Center. Lunch will be served. J. P. WATSON Watson Hardware COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF JANUARY 19, 1984 12:00 NOON REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Thursday, January 19, 1984. The meeting was called to order by Dennis H. Goehring, President, at 12:00 Noon in the College Station Community Center. PRESENT Twelve members of the Board were present: D. H. Goehring J. B. Hervey W. D. Fitch J. P. Watson Steven Baker Roy Kelly Jim Scamardo Lowell Denton D. A. Anderson F. P. Hunsicker Bill Cooley John Hughey ABSENT Seven members of the Board were absent: Carl Terna Arthur Porter Bill Phillips Mayor Gary Halter Tony Jones Joe Sawyer Phyllis Hobson OTHERS PRESENT Elrey Ash, Director of Capital Improvements David Pullen, City Engineer Al Mayo, City Planner Catherine Locke, Assistant City Attorney Mark Paulson, Civil Engineer Randall Pritchett, JAC Developers Bill Sensibaugh, Westinghouse Pat Cornelison, Humana Hospital Bobby Yeager, Brazos County Sheriff Bill Turner, District Attorney Rick Watson, Architect Neely Lewis, Attorney Allen Swoboda, Homebuilder Phillip Blackburn, Homebuilder MINUTES APPROVED J. B. Hervey made a motion to approve the minutes of the November 17, 1983, regular meeting as mailed. W. D. Fitch seconded the motion. Motion carried. MINUTES OF JANUARY 19, 1984 REPORT OF THE D. H. Goehring introduced the following guests: PRESIDENT Ms. Pat Cornelison, Bill Turner, Sheriff Bobby Yeager, Phillip Blackburn, Allen Swoboda, Rick Watson, Neeley Lewis, and Mark Paulson. Goehring asked for an update regarding the move of Humana Hospital from 1305 Memorial Drive in Bryan to College Station from Ms. Pat Cornelison, the hospital's Executive Director. Ms. Cornelison reported that the new 100 bed hospital (35 more beds than the existing facility) will be located on 25 acres near the inter- section of Texas 6 and Rock Prairie Road. The building, if approved, is scheduled for completion in March 1986. The hospital will offer a full- service, 24 -hour emergency room and a 10 -bed obstetrics unit. If approved, the hospital will have its own CT scanner, digital radiography, and the latest nuclear and ultrasound technology in its radiology lab. There will be echo- cardiography diagnostic equipment for heart conditions, improved gastrointestinal diagnostic equipment and lasar technology in the operating room. Ms. Cornelison said a Certificate of Need was filed in Austin on January 4 to relocate. The application was filed with the Texas Health Facilities Commission and must be given a hearing within 90 days. The health facility commission's major concern will be whether or not the com- munity needs an additional 36 beds. There are federal guide- lines on the number of beds per population. Ms. Cornelison asked for letters of support from the Foundation's board members. However, she said, any correspondence must be addressed to her or Humana Hospital and will be kept on file. Scamardo asked if the opposition would have similar letters in their file,and inquired if anyone could attend the hearings on Humana's behalf. Cornelison said there may be people testifying on their behalf but they will probably be physicians and demographic people. Lowell Denton asked if the city planner and city personnel will testify at the hearing. Cornelison commented that it is too premature to plan at this time. Cornelison feels a central location as we have now is no longer appropriate for medical care. Visibility, accessibility, and equitability merits the move more than anything else. J. B. Hervey inquired if nursing homes will become involved in this "need." Cornelison said they will not be involved because they are not in the same service area. The entire Foundation board expressed overwhelming approval of the Humana move. MINUTES OF JANUARY 19, 1984 Goehring asked Elrey Ash, Director of Capital Improvements, to update the board on the bond issue. Ash passed out a brochure that was mailed to all College Station residents regarding the bond issue proposals and the seven propositions involved. Suggestions for more advertising "to vote" on the bond issue were discussed. J. P. Watson suggested running some ads on radio and TV. Scamardo said $750 has been contributed by the Chamber of Commerce and all the College Station banks have agreed to contribute $200 each. Checks should be made out to "Residence in Progress," $1,800 has been raised, $500 has been pledged by the Homebuilders Association, and $200 by Culpepper Companies. Individuals who were suggested to cut TV ads on Friday, January 20 were Mayor Gary Halter, Vicky Reinke, Bill Fitch, D. A. Anderson, Jim Scamardo, and Dick Hervey. Goehring reviewed the Financial Statements for months ending November 30, 1983 and December 31, 1983. There were no questions regarding the statements. Jim Scamardo made a motion to approve the November and December 1983 Financial Statements as presented. The motion was seconded by W. D. Fitch. Motion passed. J. B. Hervey introduced District Attorney, Bill Turner. Turner said he has a sincere interest in developing our community. The leadership of College Station is very concerned that the crime influence be discouraged and eliminated. Turner said he has spoken to members of the Foundation board regarding the mini - movies, etc., south of College Station. At this point, a law suit filed by Travis Bryan III is pending. Turner said his plans to fight the situation is by injunction or criminality. Turner feels the owners of the establishments must be shown that committees will not allow them into the com- munity. Also, there are absentee owners who do not know what is going on. Some of the managers are there from time to time and if they know what is going on then he can proceed with an indictment. He commented that within the next 6 -8 weeks they will be taking testimonies and hopefully proceed with the injunction. Sheriff Yeager reported he has worked with a federal agency out of Houston since 1980 on this area. Yeager suggested the community write him regarding their concerns for this area. They could also write to County Attorney, Jeffrey Brown, or Bill Turner. Lowell Denton reported on the progress of the contract with JAC. He said the city manager has written a letter to JAC outlining the revisions regarding the trade agreement between JAC, the City, and the Foundation. Members of the MINUTES OF JANUARY 19, 1984 board expressed their concern with the many delays in finalizing this contract. Denton said the charter changes prior to August 1983 had to take place first which caused delays. Denton also added that a lot has been taking place in the city towards progress. Steve Baker asked Denton and Randall Pritchett if the hold -up was due to lack of agreement or lack of negotiation. Denton said the city staff is ready to proceed and, hopefully, the city council will agree. The city staff has met in the last two weeks with JAC to eliminate any further delays. Scamardo inquired whether a main street could be put into the Park using a loan similar to the $350,000 interest free loan that BCIF obtained to put in their street. Denton said this has been discussed within the last two weeks, but the Foundation wants to ask for it when they have something to ask for. Goehring said there are people interested in financing the golf course but no progress can be made until the topics discussed are finalized. Goehring introduced Neely Lewis, Attorney, who has entered the special election to fill Bill Presnal's place for State Representative. Lewis said the ultimate issue that will come out in the campaign is who will be the best representative in Austin. John Huey made a motion to place Bud Folley, President of Texana Bank, on the board of directors for the College Station Industrial Development Foundation Roy Kelley seconded the motion Motio carried. W. D. Fitch asked for an explanation of what exactly is the function of a board member of the Industrial Foundation. What is the purpose of the board members if the city council and their sub- committees make the decisions. Lowell Denton said the city elected to buy the land and, therefore, they are the final decision makers. However, after council's approval the board of directors will have an active partici- pation in the development of The Park and in moving industry, land, prospects, etc. Denton suggested that evey member of the board should contact a city council member to let them know exactly how they feel and what the progress of the project is. Baker said he had not contacted any city council members because he thought the relationship with the council was fine and the hold -up was with the city staff and their paperwork. ADJOURNMENT There being no further business, a motion for adjourn- ment was made by Roy Kelly, and seconded by Bill Cooley. The meeting was adjourned at 1:45 p.m. I :? 1 Gracie Calbert, Recording Secretary De nis H. Goehring, President/ COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF FEBRUARY 15, 1984 12:00 NOON REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Wednesday, February 15, 1984. The meeting was called to order by Dennis H. Goehring, President, at 12:00 Noon in the College Station Community Center. PRESENT Fifteen members of the Board were present: D. H. Goehring Mayor Gary Halter W. D. Fitch Tony Jones Bill Cooley D. A. Anderson Phyllis Hobson Bill Phillips J. B. Hervey Bud Folley Steven Baker Carl Terna Jim Scamardo Lowell Denton John Hughey ABSENT Five members of the Board were absent: J. P. Watson Roy Kelley F. P. Hunsicker Arthur Porter Joe Sawyer OTHERS PRESENT Elrey Ash, Director of Capital Improvements David Pullen, City Engineer Al Mayo, City Planner Mark Paulson, Civil Engineer Jose Albir, JAC Developers Pat Boughton, CS City Council Louis Newman, Chamber of Commerce President J. W. Wood, Wood Associates Martha Kemp Tom Rowell Faron Evans J. F. Copeland MINUTES APPROVED D. A. Anderson made a motion to approve the minutes of the January 19, 1984, regular meeting as mailed. W. D. Fitch seconded the motion. Motion carried. MINUTES OF FEBRUARY 15, 1984 REPORT OF THE D. H. Goehring welcomed the guests attending the PRESIDENT board meeting and introduced the new member on the board, Bud Folley, of Texana National Bank. Goehring asked Louis Newman, Chamber of Commerce President, to report on the recent vote to move the chamber office. Newman said the results of the election was a disap- pointment. A total of 1,020 votes were cast, of which 585 members voted in favor of the move and 435 voted against it. Fifty -seven percent were in favor of the move and forty -three percent against, however, a 2/3 majority to change the chamber's bylaws and move the office from 401 S. Washington in Bryan failed. The College Station City Council workshop is scheduled for 4:00 p.m. on February 22, to discuss the location of the branch chamber of commerce office in College Station. One possibility is for the city to purchase the Fed Mart site for the tourist and con- vention center. Mayor Halter said he talked to city council about the location but doesn't know their reaction, however, in the long run he feels it will. be the best solution. Goehring congratulated Newman on all his work and patience with the Chamber of Commerce during this issue. J. W. Wood of Wood Associates reported on the reno- vation of the Fed Mart site. Wood said he would like to work with the Chamber of Commerce in terms of use of the property as it would enhance facilities already there, as well as, the proposed Hilton Hotel, the Woodbine Office Building, and the Creekside Development in that area. There is presently 4,400 square feet available, of which 1,600 square feet has been used for a retail outlet with air conditioning and heating. Newman said he has prevailed upon Wood even though Martel has already worked on a scaled down version of the original plan based on 4,400 square feet and, hopefully, the Fed Mart site will be considered for the tourist and convention center. Newman said he thinks that there is the possibility that once it is relocated the articles of the Chamber can be amended. Hervey feels it is important that the Fed Mart site be considered and the subject become a top priority. MINUTES OF FEBRUARY 15, 1984 D. A. Anderson asked if any improvements have been discussed for the Bryan chamber location. Newman said no plans have been made for enlargement or improvement of the Bryan chamber office. J. W. Wood said he feels, as a businessman who has quite a few properties in town, there is no positive growth in this community and there will not be until industry moves to College Station. He feels a combined effort between the two cities should be made to attract industry and a joint effort made to pursue it. The general consensus of the board was the two con.muniries should remain united and continue industrial liason. Jim Scamardo complimented Louis Newman and the chamber board for being completely fair during the recent issue and requested the continued support of the community for the chamber. Goehring expressed appreciation fo the College Station City Council and said he looks forward to their decision regarding the Fed Mart location. He feels this is a pivotal point in our structure and with some patience it will all work out. He also feels the recent issues have given unity within the community of College Station. Lowell Denton reported on the progress of the contract. A meeting has been held with Council and the City Affairs Committee to review the concepts for develop- ment. The 100 page documents are in draft form and the committee will meet next week to present the documents to JAC. He feels there is visible progress at this point. Mayor Halter said the city is trying to get the contract completed as soon as possible so that JAC can proceed. One of these documents provides for the relation- ship between the Industrial Foundation and the project. ADJOURNMENT There being no further business, a motion for adjourn- ment was made by Steve Baker and seconded by D. A. Anderson. Motion carried. The meeting adjourned at 1:30 p.m. Gracie Calbert, Recording Secretary I ��- Dennis H. Goehring, President College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (409) 764 -3723 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS DATE: March 9, 1984 D.A.ANDERSON Former Mayor • College Station MEMO TO: All Board Members and City of College Station STEPHEN L. BAKER President - Commerce National FROM: D. H. Goehrin $ BILL J COOLEY County Commissioner SUBJECT: Directors' Meeting W. D. FITCH Developer BUD FOLLEY President MESSAGE: The regular board meeting of the College - Texana National Bank D. H.GOEHRING Station Industrial Development Foundation scheduled for President - CSIDF GARY HALTER Thursday, March 15, 1984 has been changed. The meeting Mayor - College Station J. B. HERVEY is now scheduled for Thursday, March 22, 1984, at 12:00 Noon Investment Builder at the Community Center Lunch will be served PHYLLIS HOBSON Home Finders Rcalty JOHN R. HUGHEY President - O. L Corp. F. P. HUNSICKER Plant Manager - Westinghouse TONY JONES General Contractor ROY W. KELLY A -1 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 - Unitedbank J. P. 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The state health department also has approved permits for three sewage treatment plants in the area: Two "package" plants for temporary operation and a major city plant. The city also has adopted an or- dinance that authorizes the forma- tion of municipal utility'districts, commonly called MUD districts, in the area. City Attorney Lowell Denton and attorneys for JAC have been hard at work, for weeks, drawing up the three -party agreement that will control development of The Parks. m It is expected that the city will name the College Station In- dustrial Foundation its agent to develop the city's portion of the high -tech park. That agreement may be ready within the next month. On Thursday night, the City Council is expected to add one more piece to the fast - developing mosaic. JAC has asked the city to ap- prove a paving- assessment pro- gram for the area. Under the plan, the city. will develop the streets and issue assessment certificates against JAC. In effect, the cer- tificates will say that JAC owes the city the amount of money re- quired to do the paving. The city will then sell the cer- tificates to a financial institution, and JAC will pay the institution. If all goes well, Pritchett said, the bulldozers will be on the site this summer. And not too long thereafter, bunches of computer - generation kids may be enjoying video games beyond their wildest dreams. College Station Industrial Development Foundation 1300 Jersey Street College Station, Texas 77840 (409) 764 -3723 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Secretary - City Attorney WILLIAM F. PHILLIPS, A Treasurer BOARD OF DIRECTORS D. A. ANDERSON Former Mayoor - College Station STEPHEN L. BAKER President - Commerce National BILL J. COOLEY County Commissioner W. D. FITCH Developer BUD FOLLEY President - Texana National Bank 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. C rR F. P. HUNSICKER Plant Manager - Westinghouse TONY JONES General Contractor ROY W. KELLY A -1 Auto Pans WILLIAM F. PHILLIPS, A President - Homestead S & L W ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER President - University National JIM E. SC.AMARDO President - Unitedbank J. P. WATSON Watson Hardware DATE: April 12, 1984 MEMO TO: All Board Members and City of College Station FROM: D. H. Goehring SUBJECT: Directors' Meeting MESSAGE: The regular board meeting of the College Station Industrial Development Foundation is 'scheduled for Thursday, April 19, 1984. The meeting will be held at The Ramada Inn in the Penthouse at 12:00 Noon. Lunch will be served. Following the board meeting there will be a meeting of the East Texas Chamber of Commerce which you are invited to stay and attend. Look forward to seeing you on Thursday. COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION DIRECTORS' MEETING MINUTES OF MARCH 22. 1984 12:00 NOON REGULAR MEETING A regular meeting of the Board of Directors of the College Station Industrial Development Foundation was held on Thursday, March 22, 1984. 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 W. D. Fitch Steve Baker Bill Sensibaugh Bill Phillips Arthur Porter Bill Cooley Phyllis Hobson D. A. Anderson Jim Scamardo Lowell Denton ABSENT Nine members of the Board were absent: J. B. Hervey Carl Terna John Hughey J. P. Watson Mayor Gary Halter Roy Kelly Tony Jones Joe Sawyer Bud Folley OTHERS PRESENT Elrey Ash, Director of Capital Improvements David Pullen, City Engineer Al Mayo, City Planner Jose Albir, JAC Developers Randall Pritchett, JAC Developers Lynn McIlhaney, City Council Pat Boughton, City Council MINUTES APPROVED D. A. Anderson made a motion to approve the minutes of the February 15, 1984, regular meeting as mailed. Bill Phillips seconded the motion. Motion carried. Goehring reviewed the Financial Statement for February 29, 1984. There were no questions regarding the statement. D. A. Anderson made a motion to approve the February 1984 Financial Statement as presented. The motion was seconded by Steve Baker. Motion passed. MINUTES OF MARCH 22, 1984 Goehring asked Lowell Denton for a legal report on the progress of The Parks. Denton said the City Affairs Committee has reviewed proposed relationships with the Foundation board and JAC, read and analyzed 125 pages of draft documents and discussed the legal considerations involved in developing the property contract between the Foundation and the City. They are making progress in solving the documents flexibility and park development. He believes most of these issues will be resolved in the next 30 days and Randall Pritchett Agreed. Only the City Affairs Committee is privy to the information in the documents at this time. Scamardo asked if there were any problems between the developer and the City. Lynn Mcllhaney said most of the things they reviewed have already been discussed between the City and the developer before the committee gets them. As far as the city is concerned, the council has pressed forward and supports the staff. She believes it can be approved in the next 30 days by the full council. Scamardo asked JAC if there were any problems between them and the City. Pritchett said there are, but he thinks he and Denton can work them out. Scamardo believes until streets are installed and some improvements it is going to be hard to sell. Denton said no other Texas city has ever done what we are attempting to do. Other Texas cities have done other contracts that are similar but none as large or comprehensive. The questions on the "how to" have to worked out and this is why it has taken four months to put the documents together. Most legal questions have been resolved. Sewer treatment facilities have been obtained, water, electrical, and sewer have been delivered by the city at this point. The city is very close to completing the arrangements regarding the park development issue. Pritchett said things have moved much faster since the City Affairs Committee has been formed. Denton said the city is trying to change the College Station Industrial Development Foundation to The Community Development Corporation although it would lose its tax exempt status. The legal authority gives the corporation more flexibility to buy and sell properties. Denton read a letter dated February 29, 1984, from Mayor Gary Halter to the foundation board indicating that the City Affairs Committee would like an Executive Committee formed to: 1. Review the proposed relationship between the Foundation and the City. 2. Review, analyze, and comment upon the proposed relationship with JAC and any other private participant. 3. Prepare a business information request to JAC sufficient to enable the City Council to make an MINUTES OF MARCH 22, 1984 informed decision on the proposed transactions involved. Goehring said in order to give an overall representation, the Executive Committee will be made up of the following board members: Dick Hervey, Bill Cooley, Jim Scamardo, W. D. Fitch, and Tony Jones. Goehring asked the board for any comments and approval of the recommended executive committee. Steve Baker made a motion that the Executive Committee made up of Hervey, Cooley, Scamardo, Fitch, and Jones be approved and put into action. Skip Porter seconded the motion. Motion passed. The Executive Committee should start reviewing the fact that fund- ing of the foundation will come from some other source other than hotel /motel funds as of July 1, 1984. Baker suggested that prior to any time the documents are released to the press that the board is allowed access to the synopsis so that they will fully understand all the facts. Goehring said he visited with Ed Latta of the Bryan Develop- ment Foundation and the press does not have access to what they are doing and do not attend their meetings. Goehring asked the board if they thought the press should have access to the foundation's by -laws and board meetings. Denton said this body is not a governmental body, therefore, the press cannot attend unless invited, however, they can get copies of the minutes. Porter asked if the foundation's status is changed can they attend open meetings. Denton said they might be able to attend at that time, however, the Executive Committee will address any sensitive issues in the future rather than at open board meetings. Scamardo believes John Williams of the EAGLE could give advice on how to sell and release information. Cooley believes this could cause a problem with other media. Goehring reported on the prospects. Humana Hospital's hearing on their Certificate of Need is set for May 7, 1984. The Humana board is also looking at the possibility of a 50,000 square foot warehouse distribution center for all the Humanas in Texas. There is no requirement it be located next to the hospital. He has a meeting with the Humana board Tuesday, March 27 to find out what kind of building and location they will need, hopefully, it could be located in the Park as our first distribution center. Scamardo believes if it takes giving them the land in order to get the first center in the Park we should do it and perhaps the foundation could help city council justify this type of consideration. Bryan is offering Humana a tax discount to stay in their city. Al Mayo believes some opposition at the Humana hearings may come from the standpoint that a question of will growth occurr in the next three years or the next twenty years. MINUTES OF MARCH 22, 1984 Mayo will will occu them as f struction park. attend the hearing and try to prove that growth in the next few years. The best he can give r as proof is concerned is an update that con - can be started on the roads into the industrial Pritchett reported that a letter of agreement between ETA and JAC has been entered into for the purchase of a super computer, called a Cyber 205. A non - profit corporation will be formed to house the computer and its operation. Currently, negoiations are taking place with an Air Force General, who wants to move back to College Station, for position of executive director. Pritchett said he and Goehring made a presentation. to Dr. Vandiver. In attendance was Dr. Glascow, and Dr. Peter McIntyere who endorsed the presentation as a vital part of the University's growth in the next decade. The key in making this proposal a reality is the cooperation of the University. Pritchett said he has requested information from Elrey Ash to proceed with "Ordiance 608" which will allow street construction to proceed. Ash stated that the water tower will be under construction in the next four weeks. Lynn McIlhaney said she sould like to see more council members working with the College Station Industrial Develop- ment Foundation and the Executive Committee. ADJOURNMENT There being no further business, a motion for adjourn- ment was made by D. A. Anderson, and seconded by Steve Baker. Motion passed. The meeting adjourned at 1:30 p.m. Gracie Calbert, Recording Secretary e H. Goehring, President BUSINESS Sunday, April 4, 1982 Bryan - College Station Eagle Industrial park is counting on Texas A&-M By STEVE LEE Business Writer Dennis Goehring rose from his seat, walked briskly across the room to his desk and retrieved an envelope, quickly emptying its contents — a typewritten letter from one of the top 500 industrial firms in the United States. "Here," he said to his visitor, "let me read this to you." It was a letter of response to the College Station Industrial Foundation, which had contacted the firm about locating in its new, 1,200 -acre industrial park located about two miles south of the city on Highway 6. Goehring, president of the foundation, took ob- vious satisfaction in reading the letter out loud. The letter was complimentary, characterizing Bryan - College Station's commercial atmosphere as one containing "an obvious spirit of entrepreneural synergism." It went on to cite several positive factors that could eventually bring the firm here. The company — identified only as a firm includ- ed in Fortune magazine's "Fortune 500" list — stopped short of committing to the park, however. But then, Goehring and the industrial foundation aren't expecting any commitments just yet. It's early. The park was officially dedicated Saturday. And Goehring says the complex could take from 10 to 20 years to fully develop. While letters from interested commercial pro- spects are encouraging in this early stage, it doesn't necessarily mean the park will attract industry at will. "It won't be automatic," Goehring predicted. "It will take some selling." That task lies ahead for the industrial founda- tion, along with city of College Station and Texas A &M University, which could serve as the strongest drawing card for new industry. Goehring emphasizes repeatedly that the job of recruiting industry and developing the park is a team effort. "It's not something that just Dennis Goehring wants to do," he said. "It's the team that makes it want to go." Other members of that team include foundation members Lowell F. Denton, William F. Phillips, Stephen L. Baker, Bill Cooley, W. D. Fitch, Mayor Gary Halter, Dick Hervey, Phyllis R , Hopson, John R. Hughey, Tony Jones, Roy W. Kelly, Dr. Ar- thur Porter, Joe Sawyer, Jim E. Scamardo, J. P. Watson, Steve Melton and D. A. Anderson. "Opportunity knocks only once and the timing is very apropos," Goehr- ing said. "We've got the Dennis Goehring opportunity and the the team is saying, `Let's go. "' *** Goehring says Texas A &M will be the catalyst for the industrial park. There are other factors that should prove attrac- tive to industry, such as quality of life, available labor force, political stability and an aggressive, pro - growth attitude on the part of the community. But the industrial park is clearly counting upon Texas A &M. That's why more than a few eyebrows were raised last week when the A &M Board of Regents an- nounced the university would coordinate develop- ment of its own industrial research park, separate from the city's project. That opened speculation Home office Jaycees host'ag banquet Chicago Tribune The "office in the home" tax deduction, com- mon until 1976 when Congress made the eligibility rules much tougher, is making a comeback. But even as more taxpayers take the deduction, experts warn that they may be sorry when they face capital gains tax payments upon selling their homes. The renewed interest in home office deductions results from a late 1981 law that made many more taxpayers eligible for the deduction, not only on their 1981 tax returns but on amended returns back through 1978. The change does not return taxpayers to the days when everyone who read a few business magazines in the den could deduct a chunk of his or her hous- ing costs. But it does let those who operate part - time businesses out of their homes take the deduc- tion, whereas formerly only a taxpayer's principal business qualified. There are some requirements, however. First, the room must in most cases be used only for business. But there are two exceptions to this "exclusive use" rule. If you store inventory in part of your home or if you run a regular day -care service for children or others who cannot take care of themselves, you do not have to use the room only for that purpose. Second, you have to use the room regularly for business. "The occasional or incidental business use of a part of your home does not meet the regular use test, even if that part of your home is used for no other purpose," the Internal Revenue Service says. The room also must meet one of the following tests: —It must be the principal place where you con- duct the home - office business. If you carry out that business in more than one place, consider how onev you BAR nrnvirlpc tpm--, —A deferral," Taylor says. This means that instead of rolling over the entire capital gain on your house into a more expensive house, as most home sellers do, you must pay taxes on a part of the gain. Furthermore, you must subtract the total depreciation you have taken on the home office before calculating the capital gain on it.. that the two parks would be competitive, rather than cooperative. Dr. Arthur Porter, both a co- chairman of a special committee set up to study the A &M project and a member of the College Station Industrial Foundation, conceded last week that there could be some competition. But, he said the two parks would generally complement each other. "I think conceptually the park (A &M) is talking about is a research park," he said, while the city's industrial park will be just that — a park concerned mainly with attracting industrial manufacturing firms. Porter said A &M's research park could spur "manufacturing spin- offs" for the city. He noted that many large firms, such as Texas Instruments, by the Texas A &M University Women's Chorus and by a musical group called "The Skillet Lickers." Brown is expected to address the impact of agriculture on the local economy. Tickets for the banquet, which cost $7.50 apiece, are available at both chamber offices — the Bryan office at 401 S. Washington and the College Station office at 2615 S. Texas Ave. AG BANQUET TUESDAY. The Bryan - College Station Chamber of Commerce is hosting an Agriculture Recognition Ban- quet Tuesday, beginning at 7 p.m. at the Brazos Center, and Reagan Brown, Texas agriculuture com- missioner, will be the guest speaker. The chamber wants to recognize the efforts of local agriculture leaders through a series of four awards to be given at the banquet. Awards for outstanding farmer, rancher, community leader and adult leader of youth groups will be handed out. "Agriculture has had a tough year and someone needs to pat these fellows on the back," said Robert Nelson, manager of the chamber's Bryan office. "They certainly deserve it. These people are true professionals." Nelson says.the response to the banquet has been overwhelming — more than 400 tickets have been sold. And Nelson said that number could grow to 500 by have separate locations for research and manufac- turing operations. He sees that as a possibility here. Goehring agrees, saying that the more research that is generated on campus, the more likely high - technology industry will locate in the community. Both sides have used the buzz words "Silicon Valley" in describing their respective industrial parks. The real Silicon Valley includes several electronic semi - conductor manufacturing firms in a planned complex conceived and developed by Stanford University in California. Goehring has indicated that he would like to see the industrial park in College Station patterned, at least in part, after Silicon Valley. And last week, H. Turn to PARK, page 5F * ** pearance at Texas A &M Universi- ty Monday to speak before a group of business students. Dr. Ella VanFleet, a visiting lec- turer in the Management Depart- ment, says Williams will speak before management students bet- ween 12 noon and 2 p.m. Monday in room 158 of the Academic and Agency Building. The talk is open to the public. * ** FIRM ANNOUNCES CHANGES. Janice Ray, owner of Business Assistance Services, says her firm has expanded its person- nel placement division and has made changes and additions to its office staff. Aria Gammon and Charles Ray were named new account ex- ecutives and Faye McDonald will serve as manager. Cathy White has been promoted to manager of the words division. Tuesday. "It's not just a banquet for farmers and ranchers," he said . ca�i>1g. i ne companys growtn "There's going to be a lot of city * ** forced the reorganization. Con - folks there. We are going to let struction is now underway on our hair down and have a good CLAYTON WILLIAMS TO larger office facilities which time." SPEAK. Midland - based oilman should be completed in approx- Entertainment will he nrnvided Clayton Williams will make an at)- imately six weeks. Bond Buyer Index 16 15 14 13 12 11 ,a 9 24 31 7 14 21 ?B 4 1 18 25 a 11 16 25 6 13 20 27 Dec. Jan ,Feb March ApH 1961 1982 Source Bond Bu or Dow Jones average 30 Industrials Friday close V Dec Jan Feb March April Chicago Tribune Graphic Inca. of 20 municipal Donds, 20 yow Money supply (M1) $458 R =Revised 454 450 A 446 442 438 434 6 13 20 27 3 10 1' 24 3 !" 17 24 31 Jan Feb %1e_ Steve Lee/ Business Report Commodity futures index Index of weekly closing prices of 1 27 key commodities. 1967 100 Weekly 275 280 260 265 240 255 220 200 245 J F M A M 235 9' 76 23 30 3 -month Treasury bills rercent weekly average interest rate 817 Friday close 16 15 14 13 12 11 10 9 1 0 15 22 29512"926 `, 12 2 e IF 21 10 Source Commodity Jan Feo' Ma<- Apl,, 0 Research Bureau Capital gains tax is a disadvantage By MARY HOLM ANSLEY much time you spend and how much m HOME BUILDERS TO MEET. Also on Tuesday, the Bryan - College Station Home Builders Association will hold its monthly meeting at the Sons of Hermann Lodge at 1104 W. 25th St. in Bryan. A social hour begins at 6:15 p.m., followed by a dinner and program at 7 p.m. Al Schneider and Dale Gates of Spartan Drilling Co. will be the featured speakers at the meeting. Call 696 -4203 or 779 -2544 for reservations anytime before 3 p.m. Tuesday. Money supply (M1) $458 R =Revised 454 450 A 446 442 438 434 6 13 20 27 3 10 1' 24 3 !" 17 24 31 Jan Feb %1e_ Steve Lee/ Business Report Commodity futures index Index of weekly closing prices of 1 27 key commodities. 1967 100 Weekly 275 280 260 265 240 255 220 200 245 J F M A M 235 9' 76 23 30 3 -month Treasury bills rercent weekly average interest rate 817 Friday close 16 15 14 13 12 11 10 9 1 0 15 22 29512"926 `, 12 2 e IF 21 10 Source Commodity Jan Feo' Ma<- Apl,, 0 Research Bureau Capital gains tax is a disadvantage By MARY HOLM ANSLEY much time you spend and how much m HOME BUILDERS TO MEET. Also on Tuesday, the Bryan - College Station Home Builders Association will hold its monthly meeting at the Sons of Hermann Lodge at 1104 W. 25th St. in Bryan. A social hour begins at 6:15 p.m., followed by a dinner and program at 7 p.m. Al Schneider and Dale Gates of Spartan Drilling Co. will be the featured speakers at the meeting. Call 696 -4203 or 779 -2544 for reservations anytime before 3 p.m. Tuesday. ;1age 2F Bryan - College Station Eagle Sunday, April 4, 1982 ENERGY Wildcat set to be spudded northeast of Madisonville MADISON COUNTY A 9,500 -ft. Madison County wildcat is scheduled to be spud- ded by L. Texas Petroleum !Corp. of Houston seven miles northeast of the Madisonville City limits. It will be known as the No. 1 Fred Chambers et al. Location will be in a 436 -acre lease in Madison County's Ranson Allphin Survey. The hell's depth and location will enable it to test the producing zones of the Southeast Halliday Meld as well as wildcat ter- ritory. Denver -based Shar -Alan Oil has filed for permit to drill the No. 1 Tillie Coleman Unit, a developmental well in the Not - theast of Madisonville (Dexter) Field. Drillsite will be in an 80- acre unit in the Antonio Del Rio Survey, 4.7 miles southwest of Madisonville. BRAZOS COUNTY Bryan -based Prodeco Ex- ploration Inc. has posted initial production data for the No. 1 Robert Keller Unit, a new pro- ducer in Brazos County's Kurten Field. t. V 707 Shopping Village College Station On a 1664 choke, the well showed potential for 273 bar- rels of crude oil and 180,000 CF of casinghead gas daily, with tubing pressure of 630 PSI. Drillsite was in a 168 -acre lease in the Moses A. Foster Survey, about two miles southwest of the Kurten townsite. Prodeco took the well to 8,985 -ft. bottomhole and per- forated in the Buda Formation for production. The produc- tion interval will be 8,740 to 8,790 feet. For your custom look come to The Source loam to 6pm Monday - Saturday M &J Well Service, Inc. currently operating swabbing units in Bryan • Yards in Bryan & Smithville • 15,000 ft. Rigs • Experienced supervisors/ operators • All rigs radio equipped • 4 years no loss time accident M PERFORMANCE StarRetirement Fund Today, 9 out of 10 people who retire haven't saved enough to assure their financial security. That's why now is the time to find out the advantages of opening a StarRetire ment Fund at RepublicBank A &M: We pay a generous money market return which changes weekly based on the 6- month money market rate. *Interest is compounded daily, a benefit which you cannot receive on regular money market certificates *This fund has an 18 -month maturity.* •A minimum opening contribution of only $100 can be made, with additional con- tributions made in any amount at any time. •Your retirement dollars are protected by FDIC insurance and backed by more than $14 billion in assets of the Republic of Texas Corporation. •StarRetirement Certificates are also available with a $1,000 minimum con- tribution for those who prefer a fixed rate investment. RepublicBank A &M We Perform. 111 University Drive East P.O. Box 2860 College Station, Texas 77841 7131846 -4721 Member FF. *Federal regulations reclt,ke a substantial interest penalty for early withdrawal. The No. I Schultz Unit, a well indicated potential for 124 Producing 3,479,000 CF of It was drilled to 9,400 -ft. The location is in a 160 -acre lease in Burleson County's projected 11,000 -ft. wildcat, is be drilled barrels of oil and 400,000 CF casinghead gas per day on a gas per day, the No. 3 Giessel B was completed successfully in total depth and will produce from an interval 9,058 to 9,258 John A. Chesney Survey. scheduled to six miles east of Bryan by Tipco Corp. 1664 choke. The tubing the Giddings Field by Tipco of feet into the wellbore. Produc- "' At a location inside the of Houston. Drillsite is in a pressure was measured at 1,200 Houston. Drillsite is 8.2 miles tion tests were run on a 1.250 choke, and absolute open flow of the Giddings Austin Chalk, 126 -acre lease in the Thomas J. Allcorn Survey, Brazos Coun- PSI. Drillsite was in a 160 -acre southwest of Lyons. - estimated at 30,400,000 CFPD. _ Turn to CANYON, 3F ty. The well will have the pro- unit in the Moses Cummings Burleson County. duction figures for the No. I for 9,800 feet of hole- making. CF gas per day. Surve The well went to total will be spudded in a 196 -acre le lease in Brazos County's John Tubing pressure came in at 1,380 PSI. you're looking for. per depth and location to test Y• the Austin Chalk and Buda depth of 8,995 feet and will producing zones of the Kurten produce from a perforated in- field as well as wildcat strata. terval 8,734 to 8,868 feet. Getty Oil, operating out of Bay City, has staked location for a 9,800 -ft. developmental well in the Woodbine section of the Kurten Field. It is the No. l G.F. Carter, situated in a 174 - acre lease in Brazos County's John Austin Survey, about 1.5 miles east of Bryan. At a location seven miles south of College Station, Dallas -based Walter Explora- tion has filed for permit to drill the No. 1 -A Bewley in Brazos County's part of the Giddings Field. It will be located in a 152 -acre lease in the S.W. Robertson Survey, with pro- jected total depth of 14,000 feet. Robert P. Lammerts, in- dependent operator from Oklahoma City, has staked drillsite for an 8,750 -ft. developmental probe in the Kurten and North Bryan Fields. It wll be known as the No. 1 Ransom. The operation will be in a 100 -acre lease in Brazos County's Moses Baine Survey, about a half mile east of Bryan. At a location one -half mile northeast of Bryan, Amoco A potent new oiler with strong casinghead gas potential has been finaled by Keith D. Graham of Abilene in Burleson County's part of the Giddings Austin Chalk Field. Designated as the No. I San- ta Fe "C," the well flowed 256 barrels of crude and 1,390,000 CF casinghead gas per day on a 1664 choke. The tubing pressure came in at 1,350 PSI. Location was in an 80 -acre drilling unit in the James Lastly Survey, about one mile nor- theast of Somerville. Bottomed at 10,386 feet, the well was per- forated to produce from an in- terval 10,150 to 10,293 feet into the wellbore. Sage Energy Co. of San An- tonio has completed another prolific oiler in the Giddings Austin Chalk three mles west of Somerville, Burleson Coun- ty. The well will be known as the No. 1 Lyons. On a 1464 choke, it showed potential to make 235 barrels of oil and 1,100,000 CF gas per day. Tubing pressure stood at 1,900 PSI. Location was in a 160 -acre unit in the Orville Perry League. Sage took the well to 9,950- Production has driven stake for ft. bottomhole. It was per - Gulf Oil remains among the the No. I Frank L. Patranella forated to produce from an in- Austin Chalk, 9,437 to 9,580 Unit. It will be a developmental terval 9,792 to 9,911 feet into Maude Locke, a 9,065 -ft. try in the Kurten and North the hole. Flowing 6,440,000 CF Bryan Fields. Location is in a natural gas per day on a two - The location is in a 164 -acre 160 -acre unit in the S.F. Austin Survey. Projected total drilling depth is 8,900 feet. The No. 2 Lydia Rubach Unit has been finaled ' Getty Oil Burleson County's s sector Command Performance . +. of the Giddings Austin Chalk, +.+ The No. 1 Richard Smith "A" is scheduled for spudding in Getty Oil five miles northwest of Somer- w lle. On an 1164 choke, the well demonstrated potential for For the look Olympia Energy Inc. of the Kurten Field by of Bay City. The well is slated 125 barrels of oil and 800,000 Burleson County. duction figures for the No. I for 9,800 feet of hole- making. CF gas per day. well was rated at a lofty will be spudded in a 196 -acre le lease in Brazos County's John Tubing pressure came in at 1,380 PSI. you're looking for. Austin Survey, two miles east Bottomed at 9,730 feet, the Antonio as the operator, the of Bryan well is in a 160 -acre unit in the miles east of Caldwell. +++ Alfred R. Guild Survey. It was Gulf Oil remains among the perforated to produce from the leaders in the Kurten Field, Austin Chalk, 9,437 to 9,580 staking drillsite for the No. 1 feet into the hole. Maude Locke, a 9,065 -ft. well demonstrated ability to developmental well located Flowing 6,440,000 CF nine miles northeast of Bryan. natural gas per day on a two - The location is in a 164 -acre inch choke, the No. 1 Mason lease in Brazos County's Unit is one of the strongest gas Thomas H. Barron Survey. wells to be completed in the +.+ Giddings Austin Chalk Field in BURLESON COUNTY several months. It is located Olympia Energy Inc. of four mites east of Somerville, Caldwell has posted first pro- Burleson County. duction figures for the No. I On absolute open flow, the Bari Unit, a newly completed well was rated at a lofty oiler in the Burleson County 18,000,000 CFD. sector of the Giddings Field. With Sage Energy of San The well is located in an 80 -acre Antonio as the operator, the unit, Beverly Porter Survey, 10 well bottomed at 9,890 feet and miles east of Caldwell. was perforated to produce Tested on a 2064 choke, the 9,660 to 9,828 feet into the well showed ability to make 117 wellbore. It is situated in a 64- barrels of crude daily, with tub- acre lease in Burleson County's ing pressure of 100 PSI. It was James Craft Survey. drilled to 7,577 -ft. total depth and was perforated to produce Another potent new gas well from the Austin Chalk, 7,245 in Burleson County is the No. 2 to 7,344 feet into the hole. J.R., located in the Big "A" •++ Field, two miles west of Lyons. R.J. Koenig, independent It showed potential for operator from Bryan, has plug- 5,316,000 CF natural gas per ged and abandoned a Burleson day on a two -inch choke and County wildcat three miles was rated at 6,420,000 CFD north of the Chriesman com- potential on absolute open munity. Spudded in November flow. of 1979, the well bottomed at Located in the Samuel 4,018 feet in the Alex Thomp- Swearingen Survey, the well son Survey. It was known as was drilled to a 7,147 -ft. bot- the No. 1 Bowens - Wortham. tom and will produce from the +•+ Navarro Formation, 7,049 to Flowing natural gas at the 7,059 feet into the hole. rate of 2,465,000 CF per day on Austin -based Zonergy Inc. is a 1.5 -in. choke, the No. 1 the operator. Gardner has been brought on "' , N line in the Giddings Field five In Burleson County s or- miles south of Birch. theast Caldwell Field, Keith D. I ocatio 1 002 Graham of Abilene has suc- n is in a , -acre lease in Burleson County's J. cessfully completed the No. I Goacher Survey. The well Wilkerson Unit 5.5 miles showed potential for 7,400,000 southeast of Caldwell. CFD absolute open flow. Tested on an 1864 choke, the With Polk and Patton Inc. well demonstrated ability to of Abilene as the operator, the produce 165 barrels of crude Gardner well bottomed at and 218,000 CF casinghead gas 9,910 feet and will produce daily. The tubing pressure was from Austin Chalk perfora- gauged at 550 PSI. tions 9,571 to 9,760 feet. Bottomed at 8,729 feet, the +++ well will produce from 24 per - Getty Oil has brought a new forations ranging from 8,554 to oiler on line in the Giddings 8,694 feet into the Georgetown Austin Chalk two miles nor- Producing Zone. thwest of Snook, Burleson Location is in an 80 -acre County. drilling unit in Burleson Coun- Designated as the No. I ty's Alfred M. Cooper Survey. M.A. Giesenschlag Unit, the ++* SAT 6 SUM $2 00 1 S 30 Mn nom OW"ng Soma Citizens Pace $2 00 all lime - Ape 85 8 over wnn 10 nt Pncs 32 00 FrOw only with student Q Keep an eye out for the funniest movie about growing up ever made! 'W You'll be glad you came! KIM CATTRALL SCOTT COLOMBY•KAKI HUNTER ALEXKARRASas SUSAN CLARK �,.,nt,�„,e, TODAY 1:40 3:35 5:35 7:45 9:55 MON.- THURS. 7:40 9:45 Corner Unlrersity i College 841 -5714 Opening Soon! Post Oak Mall Cinerna- Libby Tucker hitchhiked from Brooklyn to take Hollywood by storm. And her father by surprise. / DIZO PG WALTER MATTHAU ANN- MARGREi DW AH MANO A HERBERT ROSS FILM /O NEIL SIMON'S � I OUGHT TO BE IN PICTURES MM0N.- THURS. 7:30 9:30 TODAY 1:30 3:30 5:30 7.30 9.30 luxurious room. And the children stay there with you free of charge. The price? Just $49 per room r night. I' Tax not included. Offer valid Friday through Sunday on space available. Not applicable to groups.) Southwest Freeway at Edloe Street, Houston, Texas 77046. 713/629 -1200. Or call your Travel Agent or Toll Free 800/321-6888'). Spend a special weekend together at one of Houston's most exciting hotels, Stouffer's Greenway Plaza. You'll be minutes from downtown and the Galleria. Steps from the Summit Sports Com- plex. Enjoy a ball game at the Astrodome or a fun - filled day at Astroworld Park. Unwind at the pool, sauna or health club. Dine in Beauregard' our beautiful new rooftop restaurant. Mingle with the night people in City Lights Loung( and enjoy the live music. As a fitting finale for a perfect day, you'll have a