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Bellacere Addn-CS120305 MEMORANDUM FROM THE DEPARTMENT OF ENGINEERING To: Jennifer Miller, Director of Finance Via: Ken Griffin, P.E., Director of Engineering/Public Works From: Mike Garza, E.I.T., Graduate Engineer Date: March 5, 2012 RE: Reimbursement for Roadway Impact Fees for Bellacere Addition The roadway impact fee for Bellacere Addition was paid on 8/28/2008 in the amount of $2,544.00 for 4 residential lots. This property dedicated Right of Way for West Sandy Lake Rd and it is the policy of the City of Coppell to establish a "bank" that can be drawn upon to offset certain development fees when land is dedicated for streets that appear on the city's thoroughfare plan. In this case, the dedication for Sandy Lake Road does meet the criteria to establish a bank. So we established a bank in the amount of $34,088.00 which represents the fair market value for the portion of land dedicated. I request a refund check in the amount of $2,544.00 be made to: TFW Enterprises, Ltd. Attn: Tom Whatley P.O. Box 440 Coppell, Tx 75019 Thank you for your attention on this matter. "CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN" February 21, 2012 City of Coppell 255 Parkway P. O. Box 2478 Coppell, Texas 75019 Dear Sir: Per the letter received 12 -15 -2011 from City of Coppell we are requesting a refund of the $ 2,544.00 in Roadway Impact fees. Please make check payable to TFW Enterprises, Ltd. Our address is P.O. Box 440 Coppell, Texas 75019. If you have any questions concerning this matter you may call 972 - 350 -9800 or 903 - 880 -7370. My email address is tomfwhatley @yahoo.com. Regards, o W.tle T M E • C 1 T Y • O F COPF'ELL 8 1 December 15, 201 I RE: West Sandy Lake Road Project (ST 99 -02B PH2) Right of Way Dedication 300 W. Sandy Lake Road Dear Mr. Whatley: The city is in receipt of your letter of August 10, 2011 requesting credit against development fees in an amount equal to the value of the land that was dedicated as right of way from the Bellacere Addition. I am also in receipt of the attachments to the letter. It is the policy of the City of Coppell to establish a "bank" that can be drawn upon to offset certain development fees when land is dedicated for streets that appear on the city's thoroughfare plan. In this case, the dedication for Sandy Lake Road does meet the criteria to establish a bank. We agree that the value requested for said bank does represent the fair market value of the land at the time of dedication. As such we will establish a bank in the amount of $34,088.00. It is also the policy of the city that the bank can only be used to offset development fees related to roadway development costs. Those costs are generally limited to roadway impact fees. This bank can not be used to offset water, wastewater, building, or park fees. In the case of Bellacere, you as the developer are also responsible for the cost of the fourth leg of the traffic signal that will be installed at the intersection of Sandy Lake Road, and Whispering Hills, as well as, the turn bay for left turning traffic into your development. Since these costs are roadway development costs, and since they will be built at the time the city constructs West Sandy Lake Road, we are agreeable to the use of this bank to fund portions of this work. At the time of initial platting (4 lots) you paid $2,544.00 in Roadway impact fees. This amount can f , refunded through the use of this bank if you submit a written request to do so. Roadway impact fees assessed for the latest plat (8 lots) adds an additional $2,544.00 in Roadway impact fees. These fees have been credited against the bank. It is somewhat harder to predict the future cost of the fourth leg of the traffic signal, and the left turn bay. These items will be bid as part of the larger W. Sandy Lake Road project, and final costs will not be known until such time as we receive bids and award a contract. For planning purposes, I have estimated the cost of the traffic signal work at $20,000 based on a review of recent construction costs. Based on a similar review, the anticipated additional cost of the left turn bay is approximately $2,500. Based on my analysis, it appears that the bank established will be adequate to offset all of your roadway impact fees and development costs associated with W. Sandy Lake Road. The fee letter dated October 6, 2011 from Mike Garza represents a credit to your roadway impact fees. The additional fees associated 255 PARKWAY * P . BOX 9478 * COPPELL TX 75019 * TEL 972,462 0022 * WWW. COPPELLTX -GOV with Park, water, and wastewater can not be offset from this bank. The fees outlined in that letter are accurate and payable as outlined in therein. Should you wish to discuss this in greater detail, please feel free to call me. We will process the refund of your previous roadway impact fee payment in the amount of $2,544.00 upon receipt of your written request. Sincerely, Keith Marvin, P.E. Project Engineer Office: 972/304 -3681 Fax: 972/304 -3570 kmarvin @ci.coppell.tx.us cc: Kenneth M. Griffin, P.E., Director of Engineering & Public Works HERITAGE DEVELOPMENT LP 1164 P.O. BOX 440 COPPELL, TX 75019 37 DATE 3087109223 ! 8/ ,,,, PAY P _ _ . : TO THE -, i ORDER • A Akilkii ....11', A A $ 2 , .5 ? " -- - . 7, i ' Irdr ......d_ ■ I . . ..... .. -.mow .-.116all .de . . . . 41 . ........■ . .0211111.111 , ., ,il ..a / . ' ' . . . - s'... 67 .. A . • n .`:; - - 0 / j WE w., Falgo Bank, N A W / v Z rj 'A iiG0 Te"' wellsfargo.com 4 6 , : .. rl 10Iroti 311. ; Or a■-------------7-- • FOR la Air _ _ .■ ___. 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