ST8703-CS 890103January 3 1989
TO: Alan D. Ratliff, City Manager
FROM: Russell R.~%le, P.E., City Engineer
RE: Reconsideration of Capital Bond Funds for Street
Maintenance From Item 17 on the City Council Agenda for
December 15, 1988
As you will recall, the City Council, on December 15, 1988, approved
items 1, 2 and 3 of the attached memo (memo only), and held up
consideration of item 4 until it was determined whether or not a
prospective purchaser for Gateway Park would be improving
Southwestern Boulevard, as required during the final plat approval.
Also the City Council requested a detailed break-down for the
$450,000 funded for the traffic signals.
To the best knowledge of this office, there is a new purchaser that
should have closed on Friday, December 30, 1988. However, through
preliminary discussions with this "new" owner, they intend upon
developing the southern portion of the tract first. They do not have
any definite plans as yet. I understand that they are very receptive
to satisfying the City of Coppell's requirements related to the final
plat, but further discussions would be necessary to better determine
when they will improve Southwestern Boulevard. Therefore, we
recommend that the City Council delay their decision on that item for
one to three months, until we can get better infomation on the intent
and direction of the new owner of Gateway Park. Actually, to give
that new owner some time to better define his plans.
Also requested by the City Council, was the breakdown of $450,000
funded for traffic signals. Attached is a copy of the breakdown for
that figure in the bond program furnished by the Finance Department.
You had also requested information regarding the widening of Samuel
Boulevard. Please be advised of the following information.
Total Length of 1/2 Street Section 1202 + L.F. @ $80/L.F. Total Cost $96,000
Subtract 440 feet Funded
By Bond Program Approved 2-9-88 30,000
Total Funds Then Needed: $66,000
An assessment program could legally yield up to 90% or $86,400, but
more likely not, because the amount assessed would have to enhance
the property that much, and a property valuation wou]4 have to be
conducted to determine the actual assessments. However, if the
needed $66,000 was spread over the 1202~feet, the assessment would be
$54.91/L.F.
RRD/lsg
CIPFUNDS.