ST8804-CS 881212December 12 · 19 8 8 ABQ Development Corporation
525 Silver SW
S~te 200
PO Box 25625
A r:uq;Jerque, NM 87!25
Ms. Taryon Bowman Te 5o,5 2,:23330
Planning and Zoning Coordinator
City of Coppell
255 Parkway Blvd.
Coppell, Texas 75019
RE: Heartz Road Preliminary Plat
Dear Ms. Bowman:
Please find attached information regarding partial assignment of the
City contract between Univest and ABQ. As you know, the City of Coppell
entered into a contract with The Parks of Coppell Joint Venture on
December 30, 1982. When ABQ purchased the property from the Parks of
Coppell Joint Venture II, a partial assignment of the above referenced
City contract was executed. The documents are attached.
In this City contract, more specifically Article 4 paragraph 2.d,
there is allowance for the Heartz Road to be built with 24 foot of
paving. This 24 foot width of paving shall be sufficient until such
time as the final plat is filed of record for the property on the
opposite side of the road. Therefore, it is the request of ABQ that the
City of Coppell honor this City contract and allow for the Heartz Road
preliminary Plat to proceed on through the approval process with the
half section as it is proposed.
ABQ understands the City's reluctance to approve half section streets
and ABQ will do everything in their power to contact and convince the
owner of the Ruth Perkins Tract to donate or dedicate the right-of-way
required to complete the paving width of Heartz Road.
ABQ will update the City of Coppell as to the progress of this effort.
If you have any questions, please let me know.
Sincerely, _
J~_A. Chester, P. .
P~oj ect Manager
Enclosures
ARTICLE
PURCHASE PRICE
A. MuniciPal Center cite The -'~ ~-~
_. . ~-.c..=.:e price _~_
the :.!unicipal Center Site shall be ?hree Hundred Sixty-One
Thousand Two Hundred TM ~ ~'
N_n_ty-.,~o and Nc'iCC 5oiia~s
~$36!,2~2.0r' T~ number of cross scua:~ fee~ ~-'~ been
determined ~? surve'~' as provided in Article Vi hereinafter.
The ~urchase r-~"~ for the Municipal C~nter S~te =~:'' '-~
~v ~ .... to O~:ner on the Closinc Date, as hereinafter defined,
in cash or by cashier's check payable to the order cf
B. Park Site Phase I. The purchase price for
' cf the Park Site shall De Two Hundred Thlrty-Three Thousand
~even Hundred Fifty and No/!00 Dollars ($233,750.00) fo'2 the
approximately 51.34 acres designated "~hase I" on Exhibit "C".
The purchase price for Phase I of the Park Site shall le ~ald
in cash or mt' cashier's check payable to the order of C~;ner.
ARTICLE iV
.... D''~Nc PRECEDENT ~ OBLIGATIONS
BY OWNER
The obligation of Owner to consu.~ate this Agreement
shai' , a~ the option of Owner, be subject %o the following
zondLtions precedent, any or all of which may be waived in
wno!e or in part by Owner in its sole discretion. It is
a~reed, however, that City shall perform any particular waived
ccndltion following Closing upon Owner's request, any such item
being a covenant which shall survive closing.
!. The Zoning Plan shall be in full force and effect
on %he C!esinq Date.
2. The City Council of the City shall continue to
auree that the proper interpretation of the Sub-Division
Ordinance '~+~ ~ to
~.. ..... espect the Property shall allow for the
Property to be developed as follows, it being agreed that such
interpretation and ~he resulting application of the
Sub-Division Ordinance is the normal and reasonable course in
light of all relevant circumstances:
(a) No perimeter alleys shall be required
between deve!opmen%s in different .zoning classifications;
[b) Residential lots may front on Moore,
Deforest, Lodge, Heartz, Sandy Lake and Denton Tap Road~
and Parkway Boulevard, provided that rear access driveways
are provided for such lots;
{c) Moore, Deforest, Lodge and Heartz Roads and
Parkway Boulevard shall have sixty foot '(60') rights-of-way
with forty-four foot (44') wide paving, provided that
Parkway B~ulevard shall be a divided thoroughfare from
Denton Tao Road to ~pad with
~{24') paving sectlons in seventy--our feet (74) ~_
(d) On Moore, Deforest, .~eartz and Lodge Roads
and Parkway Boulevard, ~a_vin~~cf Qplv_ twenty-four ~r._
(24') in width shg~! ~e r~quired ~n~ g~gO time as a final
~_-~.--f~ flied cf rec~d
side e~-~%Ch ----"-~roac;
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