ST8807-CS 880803MEMORANDUM
DATE:
August 3, 1988
TO:
Russell Doyle, P. E.
FROM: Kevin Peiffer/ /
SUBJECT:
Royal Lane Extension
Connell Development Company
Per your request of Friday, July 29, 1988, we have reviewed the
cost estimate prepared by Connell Development Company and their
engineers for the above subject project. (Copy enclosed)
In brief, we agree with the estimated costs shown for the paving
and drainage improvements. The water and sewer estimated costs
appear low by approximately $50,000.00, but this should not
affect the City regarding the 2 or 4 lane issue. We did not have
plans available to us for review of the gas and landscaping
proposed. The street lighting figure appears to be a good
figure. The lab/testing/ field and design engineering costs seem
quite low for a project of this size. The engineering costs
however are handled through the developer/engineer contract for
services and thus should not be a concern of the City when
looking at the 2 vs. 4 lane issue.
Some items to consider if only the 2 lane roadway is required at
this time would be as follows:
City should require that the developer commit in writing,
probably in the form of a two-party agreement, that they'll
agree to escrow to the City the necessary funds at the time
any part or all of the property on the West side of Royal
Lane is final platted.
The said agreement should address but not limited to the
shared cost to complete the paving, storm drainage, street
lighting, landscaping, gas, engineering and testing and
their pro-rata portion of the construction permit fee to
cover City inspection.
Upon Connell Development Company's request, the City could
agree to prepare and adopt a pro-rata ordinance for water
and sewer utilities installed by Connell at this time. Said
ordinance should include a provision that states "any pro-
rata reimbursements paid to the City would only be refunded
by the City to Connell Development Company upon Connell
Development Company's satisfying the escrow requirement
above in full. If said escrow account was not funded within
a one-year period from the date of council's approval of the
final plat of any or all the property west of Royal Lane,
said pro-rata share would become due to the City of Coppell
as a penalty payment due. This penalty payment would still
not relieve the Connell property from its obligation to
share one-half the cost of the total final cost of the
improvements.