ST9902-ES100907
(8/25/2011) Keith Marvin - RE: Parcel 3 - 250 W. Sandy LakePage 1
From:
"Bill Mills" <Bill.Mills@verizon.net>
To:
"'Keith Marvin'" <kmarvin@coppelltx.gov>
Date:
9/7/2010 2:26 PM
Subject:
RE: Parcel 3 - 250 W. Sandy Lake
Mr. Martin,
As before we'll look forward to it.
Bill Mills
Forensic Death Investigator
Denton County Medical Examiner's Office
Office: 940-349-2870 Cell: 214-202-2202
Fax : 940-349-2871
"If there must be trouble, let it be in my day, that my child may have peace"
-Thomas Paine
-----Original Message-----
From: Keith Marvin [mailto:kmarvin@coppelltx.gov]
Sent: Tuesday, September 07, 2010 12:33 PM
To: Bill Mills
Subject: RE: Parcel 3 - 250 W. Sandy Lake
Mr. Mills,
Sorry for the delay in getting back to you. I did meet with our city arborist to look at your trees, and I spoke
with representatives of HMI about providing a report on actual value of the trees in question. HMI quoted
me a price of $1,575 to prepare this report, and at the time it didn't seem to be a prudent use of city funds.
In the interim, I have been working toward settling some of the other
parcels of land where we were closer to an agreement. At this point,
we have settled with 5 of the 9 property owners we were working with.
In the next few weeks we will be hiring an appraisal firm to conduct a detailed appraisal of the remaining
properties. This appraisal will be comprehensive in nature, and include land value, and take into
consideration the damage associated with the proximity of the roadway to the remainder of the property.
Once we have completed the appraisals, we will be sending out offers to the remaining property owners.
Our goal in this process is not to acquire this needed land at the cheapest cost possible, we too share the
desire to pay fair market value. Hopefully securing a comprehensive appraisal will help us both.
Feel free to call or write back with any questions or discussion. Once we hire an appraiser, he may wish
to discuss the situation with you.
Keith
Keith Marvin, P.E.
Project Engineer
(972) 304-3681
(8/25/2011) Keith Marvin - RE: Parcel 3 - 250 W. Sandy LakePage 2
>>> "Bill Mills" <Bill.Mills@verizon.net> 9/7/2010 9:25 AM >>>
Mr. Martin,
It has been 124 days since I received your last email. One could assume that the mentioned process of
"discussing the contents of the "Replacement Cost Report" with our city arborist and We may also seek an
additional appraisal based on current value rather than replacement cost" was easier said than done.
I understand that Coppells primary mission is to secure the property for the least dollar amount possible
and it would support your cause to find an expert source that agrees with your position- whether its based
on current value rather than replacement cost. Like I said I guess that was easier said than done. But I still
maintain faith that a fair market value can be agreed upon in due time and we both will satisfied with the
outcome.
After some research I came across this IRS definition of Fair Market Value.
Hopefully the following will help in some way:
What is "Fair Market Value?"
Fair Market Value is defined as: "The fair market value is the price at which the property would change
hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell
and both having reasonable knowledge of relevant facts. The fair market value of a particular item of
property includible in the decedent's gross estate is not to be determined by a forced sale price. Nor is the
fair market value of an item of property to be determined by the sale price of the item in a market other
than that in which such item is most commonly sold to the public, taking into account the location of the
item wherever appropriate."
Regulation 20.2031-1.
Bill Mills
-----Original Message-----
From: Bill Mills [mailto:Bill.Mills@verizon.net]
(8/25/2011) Keith Marvin - RE: Parcel 3 - 250 W. Sandy LakePage 3
Sent: Wednesday, May 05, 2010 4:24 PM
To: 'Keith Marvin'
Subject: RE: Parcel 3 - 250 W. Sandy Lake
Mr. Marvin,
We look forward to it.
Bill Mills
Forensic Death Investigator
Denton County Medical Examiner's Office
Office: 940-349-2870 Cell: 214-202-2202
Fax : 940-349-2871
"If there must be trouble, let it be in my day, that my child may have peace"
-Thomas Paine
-----Original Message-----
From: Keith Marvin [mailto:kmarvin@coppelltx.gov]
Sent: Wednesday, May 05, 2010 1:48 PM
To: bill.mills@verizon.net
Subject: Parcel 3 - 250 W. Sandy Lake
Mr. Mills,
We are in receipt of your counter offer for the acquisition of Permanent Right of Way for the West Sandy
Lake Road reconstruction. Thank you for your prompt reply.
(8/25/2011) Keith Marvin - RE: Parcel 3 - 250 W. Sandy LakePage 4
We will be discussing the contents of the "Replacement Cost Report"
with our
city arborist. We may also seek an additional appraisal based on current value rather than replacement
cost.
Ken or I will be in touch with you to discuss this when we have a little more information.
Thanks.
Keith
Keith Marvin, P.E.
Project Engineer
(972) 304-3681