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Rolling Oaks MC-CS090423 Stewart Enterprises, Inc. caring for people making a difference ' 523 Main Street • Grapevine,TX 76051 817-481-1031 • Fax:817-481-1093 bshake @stei.com Brian Shake NASDAQ: NMS Regional Vice President Symbol: STET Southwestern Region,Western Division City of Coppell 255 Parkway Boulevard Post Office Box 9478 Coppell, Texas 75019-9478 Attention: Mike Garza RED Restland of Coppell Funeral Home Dear Mr. Garza, Please apply the $5,000 credit (per the lease agreement between SEI and the City of Coppell) to the impact fees. Jason Copes of Fain Construction will be paying the fees in the amount of $22,186.80. If there are any other issues that need to be addressed before complet on, pi-ase do not hesitate to contact me. Sincerely, er v Julian Brow Architectura Project Manager 523 S. Main St. Grapevine, TX. 76051 Phone 817-481-1031 Fax 817-481-1093 Cell 972-834-5287 FUNERAL HOME AND CEMETERY OWNERS,MANAGERS AND DEVELOPERS PROVIDERS OF FUNERAL PREARRANGEMENT PROGRAMS MEMORANDUM FROM THE DEPARTMENT OF ENGINEERING To: Ken Griffin,P.E.,Director of Engineering and Public Works From: Michael Garza,E.I.T., Graduate Engineer Date: 4/22/2009 RE: Funeral Home Water/Wastewater impact credit. Stewart Enterprises, Inc. has requested a$5,000 credit toward the water/wastewater impact ees. In the lease agreement with the City of Coppell and Stewart Enterprises, Inc., Stewart Enterprises, Inc. are given an annual credit of$5,000 applied with respect to any water and sewer charges that are incurred as shown in the attached agreement.. The total amount of water/wastewater impact fees is $12,366.50. They have already picked up their meter and have used $522.50 of the credit for the meter fee, inspection fees, tap fees, etc...They now have $4,477.50 credit left towards the remaining balance of$11,844.00. Once the remaining credit is used they will have a balance of$7,366.50 that will be paid in full. • "CITY OF COPPELL ENGINEERING-EXCELLENCE BY DESIGN" • ARTICLE 2 TERM/RENT 2.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, the Premises for the term (the "Term") commencing on the date hereof(the "Commencement Date") and ending at noon local time on December 31 of the year in which the thirtieth (30th) anniversary of the Rent Commencement Date (defined in Section 2.02) occurs (the "Expiration Date"), or until the Term shall sooner terminate as hereinafter provided. 2.02 Rent A. In consideration for the possession and use of the Land, Tenant will pay to Landlord, at such place as Landlord may from time to time specify by notice given to Tenant, without deduction or offset of any kind, an annual rental in an amount equal to the greater of (a) $50,000 (the "Fixed Rent") or (b) six percent of Tenant's annual Adjusted Gross Revenues, as defined in Section 2.06 (the "Revenue Rent"). The Fixed Rent will be payable, without notice or demand, in monthly installments of$4,166.66 on or before the first day of each month commencing on the the day Tenant obtains a funeral establishment license from the Texas Funeral Service Commission (the "License") permitting Tenant to operate a fully-licensed funeral establishment and crematory on the Premises, (such day being the "Rent Commencement Date"). For any period less than a full calendar month, the monthly installment of Fixed Rent will be reduced proportionately. Notwithstanding the foregoing it is specifically agreed that during Lease years 1, 2 and 3 of the Lease, Tenant shall not be obligated to pay the Fixed Rent and the rental to be paid by Tenant hereunder during Lease years shall be limited to the Revenue Rent. It is further agreed that Tenant shall be entitled to an annual credit in the amount of $5,000 that is to be applied to the rental due hereunder with respect to any water and sewer charges that are incurred with respect to the Leased Premises (the "Water and Sewer Credit"). B. Any other charge for which Tenant may become liable under this agreement will be due and payable on demand as additional rent hereunder. C. Time is of the essence as to all required payments by Tenant under any provision of this Lease. If any monthly installment of rent is not received by the Landlord on or before the 10th day of the month for which said monthly rental installment is due, a service charge of $50.00 will become due and payable in addition to the monthly installment owed. The date that a check is dated or mailed is not relevant in determining Tenant's liability for a late fee; Landlord's accounting records are the determining record of the date of receipt of a rent payment. The service charge is for the purpose of reimbursing Landlord for the extra costs and expenses incurred in connection with the handling and processing of late monthly rental. -2- DEVELOPMENT FEES PROJECT NAME: Rolling Oaks Funeral Home ENGINEER: Nathan D. Maier Consulting Engineers ORIGINATION DATE: 6/18/2008 SENT ASSESSMENT ASSESSED FEE AMOUNT PAIC DATE Water Impact Fee $7,047.00 Wastewater Impact Fee $4,797.00 Park Fee l i s 49.oo Roadway Impact-Zone $14,820.30 Street Sign Street Light Construction Inspection EG or Bore Permit Overtime Inspection Pro Rata/8"waterline Water Tap Inspection $100.00 Wastewater Tap Inspection $50.00 Water Meter(Domestic) $262.50 I ,c..3> Water Meter(Fire/Irrig) $0.00 4,1 15�03� Meter Deposit(Domestic) $30.00 Meter Deposit(Fire/Irrig) $30.00 622 c Utility Final Inspection $50.00 Subtotal to Eng. $14,820.30 $0.00 $14,820.30 I Total Fees Fees Paid Amount Owed TOTALS $27,186.80 $0.00 $27,186.80 NOTES Prior To Construction Date Received Prior To Final Acceptance Erosion Control Approved As Built Plan Recd. E.P.A.-N.O.I. Recd. Paving Bond Recd. Const. Plan Approved Utilities Bond Recd. Erosion Control Maint. LI�-t 11• S© -4 Zeie"R1nv.5 Crt..dr 4 A 11>(41(C.•S� 1:27M..etticF_'Due_