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ST9902-ES100917T H E C 1 T Y O F Q OFFELL v, o September 17, 2010 Bill and Rebecca Mills 250 W. Sandy Lake Road Coppell, TX 75019 RE: W. Sandy Lake Road Reconstniction ST 99 -02 Parcel 3 — 250 W. Sandy Lake Road Permanent Right of Way Dear Mr. & Mrs. Mills: At the City Council meeting on September 14, 2010 the Engineering Department made a presentation to Council on the status of right of way acquisition for the widening of Sandy Lake Road. As of this time, there are only two parcels that we do not have an agreement on for this acquisition, one of them being your parcel. One of the things we presented to City Council 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 $11.80 to a low of $0.92 per square foot, for an average of $6.86 per square foot. Our latest offer of $59,947.17 for your 2,257 square feet of land represents an offer of $26.56 per square foot. We have been authorized by City Council to begin 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. City Council has asked that prior to proceeding with eminent domain the city offer you the previous offer plus the estimated cost of the eminent domain proceedings. As such, we hereby offer $70,000 for the previously referenced 2,257 square feet of land, as total compensation for the value of the land and all damages, real or perceived associated with the dedication of this land and the subsequent widening of Sandy Lake Road. In addition to the compensation listed above, the city will fund any necessary closing costs through Allegiance Title Company in Coppell. A FAMILY COMMUNITY FOR A LIFETIME 255 PARKWAY * P.O. BOX 9478 * COPPELL TX 75019 * TEL 972/462 0022 * WWW.COPPELLTX.GOV If the above offer is acceptable, please sign below and return to this office. Once the letter is received, the process for payment of the $70,000.00 can start. Once the check is available, we will schedule the closing with the title company. Your consideration of this matter is appreciated, and should you have any questions, please contact Keith Marvin at 972 - 304 -3681 or me. Sincerely, rfM- Kenneth M. Griffin, P.E. Director of Engineering/Public Works Office 972/304 -3686 Fax 972/304 -7041 E -mail k riff nAcoppelltx,gov Bill Mills Rebe Mills