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ST8601-CS 870828UNIVEST DEVELOPMENT COMPANY August 28, 1987 Mr. Alan D. Ratliff City ~ianager City of Coppell P. O. Box 478 Coppell, Texas 75019 Re: ~acArthur Boulevard Extension Dear Mr. Ratlitf: The Parks ot CoDDell Joint Venture II ("PCJV") owns a tract of land consisting of approximately 25 acres in the northeast part of Coppell (the "City") which will be bisected by the proposed extension of MacArthur Boulevard to the north. The location of the property is shown on the enclosed map. For the purposes of this letter the property PCJV is divided into two portions, as indicated on the map being identified as the West Tract and the East Tract. At the present time PCJV has the %~st Tract under contract for single family develo~nent purposes. That property is the subject of a pending zoning case and preliminary plat. At the present time PCJV intends to retain the East Tract and is planning towards its eventual use as a conz~rcial location. The East Tract is the subject of a pending zoning request for C con~rcial zoning. The purpose o~ this letter is to confirm certain matters related to the olatting ana development of these properties, which confirmations are required by our contract o~ sale on the %4est Tract. We hereby request that you advise us, on Dehalf of the City of Coppell, whether our under- standings related to the development of these properties correctly reflect the developr~ant requirements which will be. placed on these Qroperties by the C~ty. The matters to be confirmed ar~ as follows: 1. Cost of Construction of MacArthur Boulevard - It is our understandinq that the City bas an aqreement with Lomas & Nettleton, the owner of the property to the north, whereby ~Dmas & ~ttleton will agree to pay for the cost of the extension of MacArthur Boulevard frc~ its present termina- tion ~oint at DeForest Road northward across Denton Creek. 12770 COlT RD · SUITE t215 · DALLAS, TEXAS 752,61 - 214/233-5771 Mr. Alan D. Ratliff August 28, 1987 Page Two ~rther, it is our understanding that neither the East Tract nor West Tract shall be responsible for any cost of construc- tion of said extension of MacArthur Boulevard, by assess- ment, Drorata, or otherwise, except for the possible cost of water and sanitary sewer lines, as described below. For the purposes hereof, the cost of construction of MacArthur Boule- vard shall incluc~, but not be limited to, paving, drainage, construction of a bridge or a box culvert over Denton Creek, filling the roadway above the 100 year floodplain, and any associated engineering expense, fees, or permits. However, we understand that said cost of construction to be paid Dy Lomas & Nettleton shall exclude the cost of any water and any sanitary sewer lines in MacArthur Boulevard required by the City, if any. Oar engineers have rot yet been able to fully ascertain whether the City of Coppell has any reguirement for water lines or sanitary sewer lines in the MacArthur Boulevard extension. Since the land to the north of Denton Creek is in the Lomas & Nettleton ~Poad and Utility District ("RUn") we assume that land will probably receive its utility ser- vice from the RUD. In this case, we would assume there will be no necessity ~or extension of water or sanitary sewer lines in MacArthur Boulevard beyond what would be required to service the development of the East and West Tracts, if any. Please advise us if ti%is is correct or not. In the event that the City does require water or sanitary sewer lines in rlacArthur Boulevard adjacent to the East and West Tracts, it is our understanding that those properties will De responsible ~or paying those costs upon platting and development. Ho¥~ver, in such event we would assume that those expenditures would cpaalify for potential reimbursement under the prorata reimbursement ordinances of the City. Please advise us if this is correct or not. 2. MacArthur Boulevard Right-of-~ay -Our contract of sale for the West Tract calls for that property to ~ sold net of the MacArthur Boulevard right-of-way. The development timing of the %~st Tract is i,m~diate and the platting of the %~st lYact will occur prior to the completion of the zoning and other matters pertinent to the development of the East Tract. Therefore, we understand that the City's approval of the platting of the West Tract shall contain no condition for the dedication of right-of-way for the extension of MacArthur Boulevard. Rather it is our understanding that the MacArthur Boulevard right-of-way shall be dedicate or otherwise conveyed to the City at no cost, when the follow- ing events occur which are necessarily precedent to the future of the c~velopment of the East Tract, i.e., the Mr. Alan D. Ratliff August 28, 1987 Page Three riqht-of-way shall Be conveyed to the the City within 60 days after the later to occur of 1) the final approval of C commercial zoning on the East Tract, or 2) the acqusition by the City of the remaining right-of-,~ay for the extension of HacArthur Boulevard which we do not own. The ~rcial use which we plan for the East Tract is dependent upon its road frontage on the MacArthur Boulevard extension. F% will consu,]mate the dedication of the right-of-way at the time all of the riqht-of-way has been acouired, thus enabling the MacArthur Boulevard extension to be constructed as per the agreement with Lomas & Nettleton. If this letter correctly describes the City's requirements and agree~ments related to these particular issues pertaining to the East and ~st Tracts and the MacArthur Boulevard extension, and if the City Council of Coppell has authorized your execution hereof on that basis, please so indicate by signinq in the space provided Below and returning one original copy to us. Thank you for your cooperation in this matter. Yours very truly, PARKS uF COPPELL JOIl~I] VENTbl?.E II Micha~el ~. Alien ACCE~I'ED AND AC~EED: CITY ()F COPPELL Alan D. Ratliff, City Manaqer Date: