ST0301-ES050609 (1/q/5-
Steven R. Chadick
CHADICK CAPITAL L.P.
2019 Northwood Terrace
Denton, TX 76209
Suzan Taylor
C.I.P. COORDINATOR
255 Parkway Blvd.
P.O. Box 9478
Coppell, TX 75019
Dear Suzan,
This letter is a more formalized proposal of what we discussed in your office last Wednesday,
June 1, 2005 concerning the upcoming road improvement project on W. Bethel Rd. and related
drainage easement of creek effecting parcels of land needed for project: a) to set value on land
owned by Chadick Capital L.P. needed for "Right -of -Way" improvements to Bethel Rd as well
as b) an exchange of a portion of this very land owned by Chadick Capital for the remainder of a
City owned tract effected by the very same project after a drainage easement has been carved out
for said project.
1. Set any "Right -of -Way" values on land needed for City improvement project proposed on
Bethel Rd. based on current D.I.A.D 2005 property valuations.
2. Trade in totality the drainage easement, right -of -way, and remainder of Chadick Capital L.P.'s
property located at 595 S. Coppell Rd. (tract described as John Vest Survey, A -1508: Vol.
99114, Pg. 08140) totaling approximately 25,580 sq. ft. for remaining portion of City property
east of a proposed drainage easement on City land -- moreover described as James A. Simmons
Survey, A -1296: Vol. 2003094, Pg. 00797, this remainder comprising a total of roughly 16,500
sq. ft.
In addition, we would request the City remove all brush and dead trees from this tract as well as
place no additional restrictions on development of this land in the future. Is an LOMR needed?
3. We would like to suggest that whatever way the drainage easement needed from Chadick
Capital land located at 516 W. Bethel Rd. (shown on the Joseph H. Peaster survey dated 6 -09 -04
moreover described as part of the John Vest Survey, A -1508: Vol. 99114, Pg. 08104) is secured -
either through prescriptive purchase or outright purchase - -that said purchase be considered in
the best interest of remaining parcel's future development potential and worth. And that unless
future setback requirements would be severely limited, we would prefer an outright purchase of
this land by the City.
olzpa-
Steven R. Chadick
Chadick Capital L.P.
mail box: / / /%20hard %20drive/ Applications %20(Mac %200S%209) /D...
Subject: Re. Chadick Capital's Proposed Land Trade and ROW Valuation.
From: "Steven R. Chadick" <srchadick @earthlink.net>
Date: Thu, 09 Jun 2005 02:06:47 -0500
To: staylor @ci.coppell.tx.us
Steven R. Chadick
for CHADICK CAPITAL L.P.
2019 Northwood Terrace
Denton, TX 76209
Suzan Taylor
C.I.P. COORDINATOR
255 Parkway Blvd.
P.O. Box 9478
Coppell, TX 75019
Dear Suzan,
This letter is a more formalized proposal of what we discussed in your office last Wednesday, June 1,
2005 concerning the upcoming road improvement project on W. Bethel Rd. and related drainage easement
of creek effecting parcels of land needed for project: a) to set value on land owned by Chadick
Capital L.P. needed for "Right -of -Way" improvements to Bethel Rd as well as b) an exchange of a
portion of this very land owned by Chadick Capital for the remainder of a City owned tract effected by
the very same project after a drainage easement has been carved out for said project.
1. Set any "Right -of -Way" values on land needed for City improvement project proposed on Bethel Rd.
based on current D.I.A.D 2005 property valuations.
2. Trade in totality the drainage easement, right -of -way, and remainder of Chadick Capital L.P.'s
property located at 595 S. Coppell Rd. (tract described as John Vest Survey, A -1508: Vol. 99114, Pg.
08140) totaling approximately 25,580 sq. ft. for remaining portion of City property east of a proposed
drainage easement on City land -- moreover described as James A. Simmons Survey, A -1296: Vol. 2003094,
Pg. 00797, this remainder comprising a total of roughly 16,500 sq. ft.
In addition, we would request the City remove all brush and dead trees from this tract as well as
place no additional restrictions on development of this land in the future. Is an LOMR needed?
3. We would like to suggest that whatever way the drainage easement needed from Chadick Capital land
located at 516 W. Bethel Rd. (shown on the Joseph H. Peaster survey dated 6 -09 -04 moreover described
as part of the John Vest Survey, A -1508: Vol. 99114, Pg. 08104 ) is secured- either through
prescriptive purchase or outright purchase - -that said purchase be considered in the best interest of
remaining parcel's future development potential and worth. And that unless future setback requirements
would be severely limited, we would prefer an outright purchase of this land by the City.
Steven R. Chadick for Chadick Capital L.P.
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Suzan Taylor Re Chadick Capital's Proposed Land Trade and ROW Valuation Page 1
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From: "Steven R. Chadick" <srchadick @earthlink.net>
To: <staylor @ci.coppell.tx.us>
Date: 6/9/2005 2:04:51 AM
Subject: Re. Chadick Capital's Proposed Land Trade and ROW Valuation.
Steven R. Chadick
for CHADICK CAPITAL L.P.
2019 Northwood Terrace
' Denton, TX 76209
Suzan Taylor
C.I.P. COORDINATOR
255 Parkway Blvd.
P.O. Box 9478
Coppell, TX 75019
Dear Suzan,
This letter is a more formalized proposal of what we discussed in your
office last Wednesday, June 1, 2005 concerning the upcoming road
improvement project on W. Bethel Rd. and related drainage easement of
creek effecting parcels of land needed for project: a) to set value on
land owned by Chadick Capital L.P. needed for "Right -of -Way"
improvements to Bethel Rd as well as b) an exchange of a portion of this
very land owned by Chadick Capital for the remainder of a City owned
tract effected by the very same project after a drainage easement has
been carved out for said project.
- Set any "Right -of -Way" values on land needed for City improvement
project proposed on Bethel Rd. based on current D.I.A.D 2005 property
valuations.
2. Trade in totality the drainage easement, right -of -way, and remainder
of Chadick Capital L.P.'s property located at 595 S. Coppell Rd. (tract
described as John Vest Survey, A -1508: Vol. 99114, Pg. 08140) totaling
approximately 25,580 sq. ft. for remaining portion of City property east
of a proposed drainage easement on City land -- moreover described as
James A. Simmons Survey, A -1296: Vol. 2003094, Pg. 00797, this remainder
comprising a total of roughly 16,500 sq. ft.
In addition, we would request the City remove all brush and dead trees
from this tract as well as place no additional restrictions on
development of this land in the future. Is an LOMR needed?
3. We would like to suggest that whatever way the drainage easement
needed from Chadick Capital land located at 516 W. Bethel Rd. (shown on
the Joseph H. Peaster survey dated 6 -09 -04 moreover described as part of
the John Vest Survey, A -1508: Vol. 99114, Pg. 08104) is secured- either
through prescriptive purchase or outright purchase - -that said purchase
be considered in the best interest of remaining parcel's future
development potential and worth. And that unless future setback
requirements would be severely limited, we would prefer an outright
purchase of this land by the City. Y 01)-0 L
Steven R. Chadick for Chadick Capital L.P. (
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