Thursday, September 18, 2008

A New Market in Town.

Coppell shopping center to include Market Street super-grocery

09:53 PM CST on Friday, January 18, 2008
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com

Developers began work Friday in Coppell on a shopping center that will include a new Market Street super grocery.

United Commercial Development is building the 110,000-square-foot Coppell Crossing retail center at the northeast corner of State Highway 121 and Denton Tap Road.

Coppell Crossing retail center The project will be anchored by the 70,000-square-foot Market Street store, which is owned by United Supermarkets LLC of Lubbock.

The high-end grocer's new Coppell location will be its fifth in the Dallas-Fort Worth area.

"Our plan is to be open by Thanksgiving," said developer David Dunning. "With Market Street as our anchor, it's not just another grocery store on a neighborhood corner."

Market Street stores offer a combination of specialty items and standard supermarket fare in a top-of-the-line store.

Coppell Crossing also will have a Bank of America branch, and Mr. Dunning said he is negotiating with other retailers.

His United Commercial Development is also building a Market Street store in its Eldorado Market Place, a 400,000-square-foot shopping center being built at the northwest corner of Eldorado Parkway and the Dallas North Tollway in Frisco. That center will open this summer and is being built in partnership with Duggan Realty Advisors.

Warren Creason, a real estate consultant for United Supermarkets, said the company is interested in adding more units in the area.

The first Market Street stores are open in Colleyville and McKinney. Another of the supermarkets is being built as part of the Watters Creek at Montgomery Farm in Allen, which will open at the end of next month.

"The largest single factor I see limiting our ability to grow or expand is not real estate or development partners or money," Mr. Creason said. "It's the human resources. We don't want off-the-rack employees."

Thursday, September 11, 2008

Coppell Fire Department Open House

Coppell Fire Department to hold Open House


Submitted Report
(Created: Thursday, September 11, 2008 11:48 AM CDT)
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The Coppell Fire Department will host an open house from 1-5 p.m. Sunday, Sept. 21, at Fire Station 3, located on 133 E. Parkway Blvd., as a kick-off event to focus on the upcoming Fire Prevention week, scheduled for Oct. 5-11. The free event is open to the public and focused on educating the community about injury prevention, safety awareness and emergency preparedness. Parents and their children can learn about safety and injury prevention and meet fire fighters and law enforcement officers who work to keep their community safe.

Featured events include a technical rescue demonstration, weather awareness information and much more. The Coppell Fire Clown Troupe will perform for visitors. Tours will be available of an ambulance, police vehicle and fire apparatus from surrounding cities, as well as a special appearance by CareFlite helicopter. A visit from the Dallas Cowboy Cheerleaders and local vendors will add to the event.

Personnel from EMS, fire and police will be on-hand to discuss career opportunities with those interested. Additional classes and demonstrations and safety booths with useful information will cap off the day. For information, call 972-304-3500.

Monday, September 8, 2008

What the Federal Takover of mortgage giants means to you.

What rescue means for mortgage rates
Bailout of mortgage giants should result in lower mortgage costs and make credit more available. But lending standards will stay tight and risky borrowers will still pay extra fees.
NEW YORK (CNNMoney.com) -- Mortgage applicants rejoice!
Sunday's federal takeover of Fannie Mae and Freddie Mac will likely translate into lower mortgage rates and greater availability of credit, experts said. Rates could drop by 1 percentage point from the stubbornly-high 6.39% for a 30-year fixed rate mortgage.
"This could be good for would-be homeowners," said Tom LaMalfa, managing director, Wholesale Access, a research and consulting firm. "It would reduce the cost of financing at the new and improved Fannie and Freddie."
The government bailout is aimed at making mortgages easier to obtain and afford. By shoring up the mortgage financing giants, they can continue buying mortgages from lenders and injecting much-needed cash into the system.
"Fannie Mae and Freddie Mac are crucial to turning the corner on housing," said Treasury Henry Paulson. "Therefore, the primary mission of these enterprises now will be to proactively work to increase the availability of mortgage finance. Our economy and our markets will not recover until the bulk of this housing correction is behind us."
But the news isn't all good. With Friday's report that foreclosures and delinquencies are at all-time highs, Fannie and Freddie are expected to maintain - if not ratchet up - tighter lending standards. And the fees they have introduced for borrowers with weaker credit histories won't go away anytime soon.
High borrowing costs
Mortgage rates borrowers pay are dependent on the yields that investors demand when buying mortgage-backed securities from Fannie and Freddie.
Investors' doubts about the companies' viability have sent interest rates on those securities soaring. Despite regulators' July promise that they would step in to save the mortgage companies, investors are still demanding rates of 2.25% to 2.45% above Treasuries, LaMalfa said. Historically, the spread has been 1.25%.
With the government now taking over the companies and minimizing the risk associated with their debt, investors may be willing to ease off their need for higher rates.
High borrowing costs have led, in part, to a decline in mortgage borrowing. Applications are down 27% from a year ago, according to the Mortgage Bankers Association.
Also Fannie (FNM, Fortune 500) and Freddie (FRE, Fortune 500) will likely reverse their recent pullback from the mortgage markets. In early August, when they reported just over $3 billion in combined second-quarter losses, both said they would scale back their purchases of mortgage securities to preserve their capital.
Tight standards and fees will remain
Borrowers, however, shouldn't expect the ever-tightening lending standards to ease. With defaults and delinquencies multiplying and home prices falling, Fannie and Freddie will likely keep a close eye on underwriting practices. Lenders are demanding credit scores above 700 these days, up from 620 in the past, and downpayments of 20%, up from zero in some cases, experts said.
The mortgage titans have also increased their fees in hopes of shoring up their finances. Just last month, Fannie Mae announced higher surcharges for loans to weaker borrowers. For instance, applicants with credit scores between 640 and 659 who are putting down 15% to 20% will pay an additional 2.25% charge.
The same borrower would pay 1.7 percentage points mor e because of higher fees and rates for the same loan today as he or she would have paid 18 months ago, LaMalfa said.
If the market continues to worsen, standards could further tighten and fees could rise more, he said.
"We may have more stringent standards over the next few weeks because of the continued deterioration," he said. "We don't know where the bottom is yet. It's a falling knife."
Also, while investors have initially cheered regulators' moves in the past, their confidence has been short-lived. It remains to be seen whether and for how long Sunday's action will placate them, said Kurt Eggert, law professor at the Chapman University School of Law. And if investors' spook again, rates will rise.
"If I were an investor, I'm not sure this would be enough to make me want to jump in with a lot of money," Eggert said.
First Published: September 7, 2008: 2:53 PM EDT

Coppell ISD

Texas Education Agency Accountability Ratings
Final accountability ratings for 2008 from the Texas Education Agency (TEA) were released today (August 1, 2008) and Coppell ISD has retained its rating of “Recognized.” All ten elementary campuses were designated “Exemplary” as were two of the three middle school campuses, Coppell Middle School East and Coppell Middle School North. Coppell Middle School West and Coppell High School both earned the rating of “Recognized.”

According to Superintendent Dr. Jeff Turner, “Across the board, we are excited about the job our teachers and students did on our TAKS scores. Our Commended scores were higher than ever before and we are continuing to make great gains that have kept our scores very competitive with the top school districts in the area. Since the preliminary data came out this past spring, we have been aggressively assessing the data and planning teaching strategies that will focus our instructional efforts. We will use the success that we’ve had to propel us to do even better as we kickoff this new year.”

Exemplary Campuses
Coppell Middle School East
Coppell Middle School North
Austin Elem.
Cottonwood Creek Elem.
Denton Creek Elem.
Lakeside Elem.
Lee Elem.
Mockingbird Elem.
Pinkerton Elem.
Town Center Elem.
Valley Ranch Elem.
Wilson Elem.
Recognized Campuses
Coppell Middle School West
Coppell High School
Accountability Measures:
TEA rates school districts on up to 36 measures to determine their rating (Exemplary, Recognized, Academically Acceptable, Academically Unacceptable). The first 25 measures involve the Texas Assessment of Knowledge and Skills scores in reading, writing, social studies, math and science for all students as well as all four subgroups: black, Hispanic, white and economically disadvantaged.

The 26th measure checks the performance of special-education students on the State-Developed Alternative Assessment II. The remaining 10 measures grade districts on their completion rates for grades nine through 12 and their drop out rates for seventh through eighth graders for all students as well as the four subgroups.
Exemplary: at least 90% passing TAKS in reading/English language arts, writing, math, social studies and science.
Recognized: at least 75% in reading/English language arts, writing, math, social studies and science, or 70% and make "Required Improvement" criteria.
Acceptable: at least 70% passing TAKS in reading/English language arts; at least 65% passing in writing, social studies; at least 50% passing in math; at least 45% passing in science; or make the "Required Improvement" criteria.
Academically Unacceptable: a district or campus that falls below the criteria to achieve Academically Acceptable receives this rating.
Minimum Size Criteria: In general, this criterion is based on a 30/10%/50 model. If a student group contains 30 students and 10% of the total tested population, that student group is factored into the accountability rating. If a student group has 50 or more students, that group is considered in the rating regardless of the percent of the total population.
Visit the TEA website for a complete listing of all accountability data at http://www.tea.state.tx.us/.
Texas Education Agency
2006-07 Academic Excellence Indicator System Report
Annual Performance Report
200 S. Denton Tap Road Coppell, TX 75019 214.496.6000
Coppell ISD is not responsible for content

Click on the link below to go directly to Coppell ISD web site.

http://www.coppellisd.com/coppell/site/default.asp

City of Coppell

Click on the link below for city information.


http://www.ci.coppell.tx.us/