Coppell CC 1B1-CS001214M. Scott Ozymy
Koll Corporate Development
8411 Preston Road, Suite 700
Dallas, TX 75225
T H E C I T Y 0 F
COPi ELL
December 14, 2000
RE: Koll Center (adjacent to Freeport Parkway)
Dear Mr. Ozymy:
This letter is written as a follow-up to your November 27, 2000 letter requesting credits for the
value of right-of-way dedicated adjacent to Freeport Parkway. Included with this letter is a copy
of a Development Agreement that establishes the guidelines for the Roadway Impact Fee credit
to be allowed against your development. There are several items in the Development Agreement
highlighted in yellow which need additional clarification from you. One is the date on which the
right-of-way will be dedicated by plat. The second is the actual value of the right-of-way both
on a square foot basis and a total basis. The third is the actual contact person for Koll Corporate
Development.
In your November 27th letter you provided information about the value of right-of-way; however,
a value of $2.75 is substantially higher than values of right-of-way dedication that we have seen
in other areas. A similar credit against Roadway Impact Fees was provided for property along
Bethel Road just west of Freeport Parkway. The value of that right-of-way was approximately
$1.30/per square foot. I have also purchased right-of-way throughout the City of Coppell on
various roadways and have generally paid in the neighborhood a $1.50 to $2.00/per square foot.
If in fact $2.75/per square foot is the actual value that you paid for the property then please
provide additional information so that it can be placed as backup in our file to substantiate the
value of the credit as provided in the Development Agreement. It should also be noted that the
Development Agreement set up a credit against only Roadway Impact Fees not against other fees
i.e., water, sewer, building permit, etc.
Once the Development Agreement is finalized between yourself and the City, it will need City
Council action for approval. The next City Council meeting is January 9, 2001. To be placed on
that agenda for approval I will need all items associated with the agreement resolved by
December 22, 2000. If that deadline is not met, the next City Council meeting is January 23,
2001 and I will need all items resolved by approximately January 5, 2001 to be place on the
agenda for that meeting.
If you have any questions or need any additional clarification on any items contained within this
letter or on the Development Agreement please feel free to contact me at 972/304-3686.
Sincerely, f)
Kenneth M. Griffin, P.E.
Director of EngineeringFPublic Works
255 PARKWAY 1~ P O BO× 478 * COPPELL TX 75019 11~TEL 972/462 0022 * FA;( 972/304 3673
Corporate
November 27, 2000
Ken Griffin
City of Coppell - Engineering
255 Parkway Blvd.
P.O. Box 478
Coppell, TX 75019
RE: Koll Center Coppell
Dear Ken:
The above referenced project was approved by the City Council on November 144. As we discussed,
Koll will deed the required right-of-way for the expansion of Freeport Parkway in lieu of reduced City
impact fees customarily charged to the project. The value of the land required for the right-of-way is
approximately $50,520, based on 18,370.95 square feet of land area (1,224.73 feet x the 15 foot R.O.W.)
along Freeport Parkway per the attached survey. As I understand it, this amount will be established as a
credit against the first amounts due to the City. Any further reductions in the cost of impact fees or
permits that you can offer as an incentive for development would be helpful.
After you have had an opportunity to review this letter, please call me to discuss any questions or
comments. I will make myself available to meet with you at your convenience.
Sincerely,
Koll Corporate Development
M. Scott Ozymy
Vice President
Koll Corporate Development
8411 Preston Road, Suite 700 Dallas, TX 75225
(214) 696-1700 FAX (214) 373-3108 www. koll.com