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ST8807-CS 870225HUGH L. McCULLE:Y CRADY, JEWETT, UOHNSTON & McCULLEY LAWYERS ~ 1400 TWO HOUSTON CENT[R ~ FANNIN HOUSTON, TEXAS 77010-1~6 1713) 7~-7~7 February 25, 1987 Honorable Lou Duggan, Mayor City of Coppell P.O. Box 478 Parkway Blvd. Coppell, Texas 75019 RE: At-Grade Railroad Crossing for Extension of Royal Lane Dear Mayor Duggan: Please refer to your two letters dated February 18, 1987, one sent to Mr. G.L. Murdock in San Francisco, California and one sent to Mr. R.R. McClanahan in Pine Bluff, Arkansas. I represent St. Louis Southwestern Railway Company ("SSW") in this matter. I have reviewed the file and I have been requested to advise you of the Company's position. If I understand your latest offer of settlement cor- rectly, as set forth in your February 18, 1987 letter to Mr. G.L. Murdock, then I am authorized to advise you that SSW will accept it. As I understand that letter, your offer is as follows: 1. Cit~.of Coppell will pay SSW $20,167 for a non- exclusive street easement, related slope and drainage ease- ments and underground utility easements. 2. City of Coppell will pay SSW $193,865 for the relocation of railroad switches and construction of "stacking lanes". 3. The Coppell property owner who is negotiating with the U.S. Postal Service will pay SSW an amount of $72,714 to construct the at-grade road crossing. 4. The same property owner will pay SSW $170,000 for the necessary safety equipment at the crossing. City of Coppell Page 2 February 25, 1987 Please telephone as soon as is convenient to let me know if my understanding of your offer is correct and if you agree to this settlement. If so, SSW can meet the time deadlines set forth in the correspondence. We will need to arrange for some assurance in writing from the involved Coppell property owner that he will make the above payments attributable to him. Very truly yours, HLMC1/jlc Hugh L. McCulley