ST9902-ES091014Message Page 1 of 1
Keith Marvin - 101 Cottonwood Drive, Coppell, Texas
From: Joy Phillips <JPhillips(�'.Hflawoffice.com>
To: `kmarvingci.coppell.tx.us` <kmarvingci.coppell.tx.us >, "'redmundsongtnp-
online.com"' <redmundson(atnp- online.com>
Date: 10/14/2009 4:40 PM
Subject: 101 Cottonwood Drive, Coppell, Texas
CC: "Alex Pier (alexpiergquality- fabrication. com) " <alexpiergquality -fabrication. com>
Attachments: HBDOCS- #511594 -vl -
Ltr _to_Marvin_and_Edmundson_re_S andy_L ake_Property . PDF
Keith and Raymond:
Please see the attached letter regarding the Property located at 101 Cottonwood Drive, Coppell, Texas. After you
have an opportunity to review the letter, please contact me so that we can discuss. I look forward to hearing from
you.
Thank you.
Joy
Jo x . Phillips
joy H. Phillips I Attorney
Friedman & Feiger, LLP 1 5301 Spring Valley Road, Suite 200, Dallas, Texas 75254
Tel: 972- 788 -1400 1 Direct Dial: 972- 450 -7366 1 Fax :972- 776 -5313 1 iphillips@fflawoffice.com
http.,-Ilwww.fflawoffice.com
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file: HC: ADocuments and Settings \radloo \Local Setting s\Temp\XPgrpwi se\4AD 5 FEF 9 City_... 3/16/2010
FRIE 4A E IG R
A T T O R N E Y VSA T L A W
JOY H. PHILLIPS, PARTNER
Direct Dial 972- 450 -7366
j phillius(i�fflawoffice.com
October 14, 2009
VIA EMAIL — kmarvin@ci.cop_pell.tx.us
Mr. Keith Marvin, P.E.
255 Parkway Blvd.
P.O. Box 9478
Coppell, Tex 75019 -9478
VIA EMAIL — redmundson(&tnp- online.com
Mr. Raymond Edmundson
Teague Nall and Perkins
1100 Macon Street
Fort Worth, Texas 76102
RE: Sandy Lake Road Project, City of Coppell, Texas;
.494 acre permanent right -of -way ( the "Property")
affecting 101 Cottonwood Drive, Coppell, Texas (the "Lot ")
Dear Keith and Raymond:
As you know, this law firm represents Alex and Martha Pier. I am in receipt of your letter to Mr. Pier
dated August 26, 2009 regarding the Sandy Lake Road Project. The Piers requested that I convey to you their
own determination of a fair value of the Property.
Mr. Pier has calculated a fair value for the Property to be $108,247.11, based on his original $871,789
purchase price for the Lot and then applying the following factors:
Original Purchase Price ($4.11 per square foot)
x 21,518.64 square feet (0.494 acres): $88,441.61
9.5% Appreciation:
Proportionate Share of Property Taxes Paid: $11,403.55
Total Fair Value:
$ 8,401.95
$108,247.11
The appreciation percentage is from data obtained from www.neighborhoodscount.com which
indicates that the area in which the Property is located is among the highest appreciating areas in the State and
510895
5301 SPRING VALLEY RD, SUITE 200 1 DALLAS, TEXAS 75254 0 972.788.1400 F 972.788.2667 WWW.FFLAWOFFICE.COM
Mr. Keith Marvin, P.E.
Mr. Raymond Edmundson
October 14, 2009
Page 2
the nation. Also, a nearby 5.12 acre lot on Cottonwood Drive is currently listed for $1,069,000 ($4.79 per
square foot), which would equate to a $103,032.90 value for the Property.
In addition to the payment of the fair value for the Property as set forth above, the Piers request the
following from the City of Coppell (the "City") in connection with the sale of the Property, at the City's
expense:
The City shall pay for all closing costs associated with the transaction.
2. The City shall pay for and relocate, if necessary, utility service (water lines, etc) located on or
under the surface of the Property and/or Lot in connection with the widening of Sandy Lake
Road.
The City shall pay for and relocate, if necessary, electric lines and/or poles located on or
under the Property and/or the Lot and to reconnect service.
4. The City shall replant or replace all trees removed as part of the Project, and to be replanted or
replaced at locations on the Lot corresponding with their prior locations.
The City shall relocated and/or replace the metal fencing on the current property line with the
same quality fencing at the new property line, as mutually agreed upon between the parties. A
site plan diagram will be prepared by the City regarding the new fence location.
6. The Piers desire to retain the oil, gas, and mineral interests rights under the surface of the
Property being conveyed.
As I explained to Raymond over the phone, the offer of $66,663.00 is a low offer that does not take
into account the factors mentioned above. While the Piers desire to amicably and expeditiously resolve this
matter, they expect to be fairly compensated for the Property and preserve its security and esthetics.
Thank you for your attention to these matters. I look forward to working with you.
Sincerely,
Enclosure
cc: Mr. and Ms. Alex Pier (via e-mail)
FRIEDMAN & FEIGER, L.L.P.
By:
y . P fillips, Esq.
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