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ST0502A-ES121226 T H E C 1 T Y O F COPPELL Ta� q A S B December 26, 2012 Joe Charles Hardman 192 S. Freeport Parkway Coppell, TX 75019 RE: Freeport Parkway Reconstruction ST 05-02A Parcel 6—Permanent Right of Way Dear Mr. Hardman: Thank you for your continued cooperation regarding the purchase of land for the construction of Freeport Parkway. Thank you for providing us with the quotes and information to assist us in making our final offer. We have had several conversations with you and we understand your concerns. Parcel 6 consists of 6,011 square feet of land. The city's typical approach to purchasing land from adjacent property owners is based on the value determined by the Dallas County Appraisal District. The appraisal district lists the value of your land at $2.75 per square foot. The City of Coppell would offer you $16,530.30 at this rate (6,011 square feet x $2.75/sf) for acquisition of the portion of your property depicted in the attached exhibits. In addition to the compensation for your land, this project will extend water and sewer service to your lot. In the event you would like to connect to the City of Coppell water and sewer we will compensate you in the amount of $3,300.00 which would cover the cost of the water and wastewater impact fee for a 1" meter. The city will also restore your parking area, as indicated in the plan, at our expense. We will compensate you for the 3 trees that are in front of your property based on the appraisal you provided to us from the Arborist in the amount of$29,650.00. This amount covers the cost of the screening wall and gate quote you provided us. The appraised value by the county takes into account the trees that are on the land and we feel that we are making a great effort to compensate you for these trees. We will replace any shrubs that are removed from the parking area and we will replace your drainage system in the parking lot. The transfer of mineral rights is not included with this right of way purchase. Any mineral rights owned by you on this property will 255 PARKWAY * P.O.BOX 9478 * COPPELL TX 75019 * TEL 972/462 0022 * FAX 972/304 3673 remain in your possession. We will also compensate you $10,000.00 for any other perceived damage that may include noise, screening and landscape. During construction we will monitor the construction debris and dust that may occur and will make every attempt to minimize the impact on your property. One of the things we looked at was the average cost per square foot of land acquired to date. The dollar amount used in calculating this average was the total offer including damages, tree mitigation, etc. The cost has varied from a high of$7.02 to a low of$2.50 per square foot, for an average of$4.95 per square foot. Our latest offer of $59,480.30 for your 6,011 square feet of land represents an offer of $9.89 per square foot. If this offer is not acceptable to you, we will have to begin the eminent domain proceedings in order to acquire this property. Those procedures consist of an official appraisal and a hearing before the Commissioners Court to establish fair market value. That process may result in a value that is more, or less than that value already offered to you as compensation. Construction is scheduled to start in 2013, and the city needs to acquire this property as soon as possible. If the above offer is acceptable, please sign below and return the letter to this office. Once the letter is received, the process for payment of the $59,480.30 can start. Your consideration of this matter is appreciated, and if you have any questions, please contact Michael Garza or Ken Griffin. Sincerely, /),(A" Michael Garza, P.E Kenneth M. Griffin, P.E. Civil Engineer Director of Engineering Office 972/304-3679 Office 972/304-3686 Fax 972/304-3570 Fax 972/304-7041 mgarza @coppelltx.gov kgriffin @coppelltx.gov Joe Charles Hardman