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RE 10-25-88.3 A RESOLUTION OF THE CITY OF COPPELL, TEXAS RESOLUTION NO. 102588.3 A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING A SETTLEMENT AGREEMENT CONCERNING AN ASSESSMENT LEVIED AGAINST TEXAS UTILITIES ELECTRIC COMPANY PURSUANT TO PAVING AND OTHER CONSTRUCTION ON BELT LINE ROAD AUTHORIZED BY RESOLUTION NO. 102886.1 AND ORDINANCE NO. 86-367; AUTHORIZING THE MAYOR TO EXECUTE SUCH AGREEMENT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, Coppell levied an assessment in the amount of $622,539.47 against Texas Utilities Electric Company and its property (the "assessment") to cover expenses to be incurred in the paving and other construction of Belt Line Road by Resolution No. 102886.1 and Ordinance No. $6-367 (the "project"); and WHEREAS, pursuant to state statute, a city may not collect a street assessment levied against property within the corporate limits of an adjacent city, in excess of an amount approved by the adjacent city; and WHEREAS, said property belonging to Texas Utilities Electric Company lies within the corporate limits of the City of Dallas; and WHEREAS, the City of Dallas has by letter dated October 3, 1988, (Exhibit "A" hereto) advised the City of Coppell that the policy of the City of Dallas in such a case is to approve no more than the maximum that would be allowed under an assessment by the City of Dallas, which in this case would be the sum of $125,344.67; and WHEREAS, Texas Utilities Electric Company has contested the assessment, but has agreed to settle such assessment for said amount which would be allowable under assessment by the City of Dallas; and WHEREAS, the City of Coppell has agreed to accept such sum in settlement of said disputed assessment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. That the City Council of the City of Coppell, Texas, hereby approves and ratifies its previous approval of the Settlement Agreement between the City of Coppell and Texas Utilities Electric Company as above mentioned and further authorizes and ratifies its prior authorization directing the Mayor to execute such agreement settling the disputed assessment levied against Texas Utilities Electric Company's property for the sum of $125,344.67. SECTION 2. That a copy of this resolution be forwarded to Mr. Clifford V. Keheley, Director of Public Works of the City of Dallas, Texas, requesting that a resolution be submitted to the Dallas City Council authorizing the City of Coppe]l to collect said assessment against Texas Utilities Electric Company and its property in the sum of $125,344.67. DULY PASSED by the City Council of the City of Coppe]], Texas, on the c~-~ day of October, 1988. THE CITY OF COPP~I~LL, TEXAS M AY(~R~ ATTEST: APPROVED AS TO FORM: CR88-1015 CERTIFICATE OF AUTHENTICITY THE STATE OF TEXAS COUNTY OF DALLAS CITY OF COPPELL I, Dorothy Timmons, City Secretary of the City of Coppell, Texas, hereby certify that the above and foregoing is a full true and correct photographic copy of the original resolution now in my lawful custody and pessessi~ filed in the office of the Qity Secretary of the City of Coppell, TeXas, on the~ --day of ~o~'.~ , 19o~ and as the same i$ recorded in my office in the Official Book of Resolutions of the City of Coppell, Texas, as Resolution Number ,/O~$-o°~'o..~ , Duly passed b_y~ the City Council of the City of Coppel] on the~:~ay of ~)~ , 19_~_. I certify on this the ~/~ day of City Seeretar~,, City of Coppell, Texas STATE OF TEXAS COUNTY OF DALLAS Before me, the undersigned authority, personally appeared Dorothy Timmons, known to me to be the City Secretary of the City of Coppell, Texas. I hereby certify that she is the official City Secretary of the City of Coppell, Texas, and her signature to the foregoing certificate of authenticity is genuine. I certify on this the _~ ~-~ day of Nota~ Public Stat~ of Texas UNDE LEE GRAU CITY OF DALLAS October 3, 1988 Mr. Alan Ratliff City Manager City of Coppell P. O. Box 478 Coppell, Texas 75019 Re: Street Assessment Texas Utilities Property Belt Line RDad Dear Mr. Ratliff: The paving assessment of $622,537.49 levied by the City of Coppell on Texas Utilities property within the corporate limits of the City of Dallas has been reviewed by the Department of Public Works. Pursuant to state statute, a city may not collect a street asses~aent levied against property withi~the corporate limits of an adjacent city, in excess of an ~aount approved by the adjacent city. As stated in our prior letter, the policy of the City of Dallas in such a case is to approve no r~re than the maxim~ that w~uld be allowable under an assessment by the City of Dallas. The attached analysis by our Paving Assessments Division indicates that in the above case, the maxim~ allowable under Dallas assessment for Texas Utilities would be the sum of $125,344.67. The analysis utilized the infon~ation provided by Schrader and Associates in conjunction with current City of Dallas paving assessment policies. We have been info~med by the attorneys for both the City of Coppell and Texas Utilities that based upon this analysis the City of Coppell has agreed to limit collection of its assessment against Texas Utilities to said anount ~hich w~uld be allowable under City of Dallas assessment policies, and that Texas Utilities has agreed to pey said ~ount as its portion of such assessment. EXHIBIT October 3, 1988 Mr. Alan Ratliff Page Two ~ Please provide doc~nentation in the form of a council resolution wherein the City of Coppell directs the City ~nager of Coppell to execute the settl~ent agreement concerning the ~nount to b~ collected. Thereafter, a resolution approving collection of assessment in this amount by the City of Coppell against Texas Utilities property will be submitted to the Dallas City Council for approval. Please advise if I can be of further assistance. Sincerely, Cl~ff~r~ V. Kehe-Iey / Director of Public Works jf c: Richard Knight, Jr., City Manager Jim Reid, Assistant City ~nager Schrader and Associates 2001 Bryan Tower Suite 3910 Dallas, Texas 75201 Coppell, ~exas 75019 The City With A Beautiful Future 214-462-0022 March 14, 1989 Mr. Calvin B, Reeves Vice President Baptist Foundation of Texas 2001 Bryan, Suite 1500 Dallas, Texas 75201-3003 Dear Mr. Reeves: Thanks for your perseverance and sincere desire to see this project work for the mutual benefit of the Baptist Foundation of Texas, City of Coppell, Coppell Independent School District, and Texas A&M. The Coppell City Council and Coppell Independent School District met in Monday evening, March 13, and gave conceptual endorsement of the following proposal. This letter serves as our commitment to move forward toward a final agreement between the Foundation (BFT), the City of Coppall (City), Texas A&M (A&M), and the Coppell Independent School District (CISD). Attached hereto as Exhibit "A" is a plat of BFT's Property which is made a part hereof for nlI purposes, said Exhibit "A" hereinafter called the "plat". L BFT agrees to: A. Construct and pave ali interior roads shown on the plat at Foundation expense, except existing Park Road. Provided, however, BFT shall not be obligated to construct such roads unless the tax abatement district referred to in 12 A below is created pursuant to the conditions therein stated, over BFT's approximate 115 acre tract, for a period of 15 years, and at 100% of land value. B. Donate to A&M the 10 acre tract shown on the plat as the University site. C. Dedicate to City the approximate 6 acre tract shown on the plat as Grapevine Springs Park. D. Dedicate to City, as shown on the plat, all Right of Way (R.O.W.) for the interior roads, Park Road, & Bethel Road. City agrees to: A. Create, to the extent such can be legally accomolished, a Tax Abatement District on BFT's approximate 115 acre tract shov/n on the plat. Abatement to be 100% of land value for 15 years. Abatement to be on the land only. All improvements to be taxed at full assessment. Abatement to be passed on to individual purchasers until abatement period runs out. I XHIBIT- Abatement period to become effective on date of ground breaking for university complex. Rollback tax shall be payable no later than the date of ground breaking for the university complex. B. Exempt BFT and its site purchasers from the payment of any street assessment for construction costs of Bethel Road made against property BFT owns on the south side of Bethel Road as shown on the plat. This exemption to include any assessment against BFT's property south of Bethel Road for costs of the Bethel Road bridge structure as shown on the plat. The exemption shall apply only to property owned by BFT on the date of preliminary plat approval. Should BFT acquire future properties that front on Bethel Road, the property will be subject to any City assessment. C. Provide and pave the left turn lanes at the existing, planned median breaks on Denton Tap Road which are adjacent to BFT's property on the east side. D. Adjust the R.O.W. alignment of Bethel/Denton Tap intersection so as not to overly penalize BFT for additional R.O.W. beyond an agreed dedication of an additional 5 feet for Bethel R.O.W. The intent is to minimize the distance needed, as prudent engineering judgment will allow, to bring the road back into the center of Bethel i~..O.W. Expectations are that this could be accomplished within 100 to 200 feet. In addition, any unused !~..O.W., dedicated by BFI to bring the road back into the center of Bethel I:[.O.W. (in the event Bethel Road is not built out to current expectation of 6-lane width) will be deeded back to the property owner owning frontage. E. Progress toward a goal which will culminate in the construction of a building for A&M on the university site at no expense to BFT. The deed of Conveyance from BFT to A&M shall contain a provision that if a building of 30,000 or more square feet is not under construction for Texas A&M on the site within two years from date of deed, the land and any improvements thereon will revert to BFT, F. Prior to commencement of any improvement on the University Site, BFT or its developer shall have the right to review the architectural design of the facility for conformity to planned development of the whole 11S-acre tract. CISD agrees to: A. Create, to the extent such can be legally accomplished, a Tax Abatement District on BFT's approximate 115 acre tract shown on the plat. Abatement to be 100% of land value for 15 years. Abatement to be on the land only. Ail improvements to be taxed at full assessment. Abatement to be passed on to individual purchasers until abatement period runs out. Abatement period to become effective on date of ground breaking for university complex. Rollback tax shall be payable no later than the date of ground breaking for the university complex. IV. If the University Building is not under construction within two years from date of deed: A. BFT will not be required to donate the 10-acre tract and road construction will not be required. B. Assessment exemption listed herein will not apply. C. The Tax Abatement District will not be created or if created will not become effective. D. The commitments of ail parties, BFT, CISD, City and A&M shall terminate without any liability as between the parties, except as to the commitments between BFT and City as set out in subpart "E" below. E. BFT's dedication of Grapevine Springs Park to City shall not terminate and City shall remain obligated to construct the ]eft turn lanes on Denton Tap Road. Also, termination of the basic commitments hereinabove expressed would not have any automatic effect on zoning. Again, as in my previous letter, it is to be noted that this letter of commitment, if signed by you, the City, and CISD, is based upon mutual trust and cooperation in an effort to bring a very positive development opportunity to the community. We have been open and up-front with each other in formulating this trust. Let's continue to move forward with the execution of this project and the successful development of this 115-acre tract. If this meets with the approval of the Baptist Foundation of Texas please execute the enclosed copies and return then to me. Very truly yours, Coppell Independent School District Baptist Foundation of Texas Calvin B. Reeves, Vice President CK$9-0313 BAPTIST FOUNDATION of TEXAS (:ALVIN B. REEVES April 21, 1989 Lou Duggan, Mayor City of Coppell, Texas P. O. Box 478 Coppell, Texas 75019 Judi Baggett, President Coppell Independent School District 1201 Wrangler Drive Coppell, Texas 75019 Dear Ms. Baggett and Mr. Duggan: Since your letter to the Baptist Foundation of Texas of March 14, 1989 concerning the proposed reinvestment zone and tax abatement for the 115 acres of property of the Foundation in the City of Coppell, it has been brought to all of our attention that part of the proposed abatement might be a legal problem resulting from two different senate bills passed by the 70th Legislature concerning these matters. We have met with your attorneys and with you to discuss these matters and as a result of those meetings and of our further study of the economics of this matter, we will proceed along the lines set forth in your letter of March 14, 1989, except that the abatement will not apply to current taxes paid on the land (whether based on agricultural use or market valuation) to the City and School District. The taxes abated, being the difference between current taxes paid on the land and taxes that would otherwise be due thereon except for the abatement, would apply only to the 115 acres of land and would not apply to buildings or other improvements placed thereon. We understand that this is acceptable to you and to acknowledge that, I would appreciate it if you would please sign and return one copy of this letter. Upon receipt of a signed copy of this letter, our attorneys, Burford & Ryburn, will proceed to prepare the first draft of the proposed Guidelines and Criteria for the reinvestment zone to be the 115 acres of property now owned by Baptist Foundation of Texas. Upon approval by all three parties of the Ms. Judi Baggett Mr. Lou Duggan April 21, 1989 Page 2 Guidelines and Criteria, we will then prepare an agreement between the parties and all of us shall proceed to take the necessary steps to adopt the requisite ordinances to effectuate the agreement and the Guidelines and Criteria. Please let me hear from you at your earliest opportunity. Sincerely, Calvin B. Reeves AGREED: CITY OF COPPE~, TEXAS "-L"5'u~D uggan, M~ ~o$- ' COPPELL INDEPENDENT SCHOOL DISTRICT ~j~di Baggett, P r~j.~t CBR/jo