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Coppell Industrial-CS001011 (2)October 11, 2000 Steve Golding Champion Partners 1560 Dallas Parkway, #100 Addison, Texas 75001 RE: Impact Fee Credits Dear Mr. Golding: After reviewing your request of October 2 with our City Engineer and legal staff, we will be in a position to credit you $109,000.00 regarding the contribution of approximately of 1.87 acres of land to the City for future right-of-way for the expansion of Bethel Road. While this entire area has not been platted, the City will go ahead and extend this credit to you at this time. At the present time, .86 acres have been dedicated with Lot 1, Block A of the Coppell Industrial Addition. We will be ready to credit the balance of 1.01 acres at the same $1.34 a square foot, provided that you sign an agreement that states that your platting shall occur within two years from the date of this letter. We feel that this particular process will not only be beneficial to Champion, but also to the City by claiming this Impact Fee credit request at this time. With regard to the $93,960.00 request for the improvements made on Bethel Road, our present Ordinance does not allow' for any credits to be provided. Since those additional costs were assumed by Champion so that they could utilize Bethel Road in the first stages of your development phase, costs are not eligible. If you have any questions regarding this decision, please do not hesitate to contact me. We look forward to working with Champion Partners in efforts that involve their Coppell property. Please contact Ken Griffin or myself if you have any comments regarding this letter. Res tfully, JW:kb CC; Clay Phillips Ken Griffin Jennifer Armstrong 255 PARKWAY ~r P O BOX 478 ~l~ COPPELL TX 75019 * TEL 972/462 0022 1~ FAX 972/304 31573 // / ENT OF ENGINEE NG .rector of Engineerin~ubHc Wor~ ~7 Date: October 4, ~000 ~: Impact Fee credit request from Champion Pa~ers On October 2, 2000 Champion Pa~ners provided a le~er requesting an impact fee credit ~ the amount of 5;190,800 for their development. That number was arrived at based on the value of right-of-way dedicated along Bethel Road and the contribution by Champion Partners of $93,960 toward the improvements on Bethel Road. Thc question presented ~ how much of an actual credit can they be provided to offset their roadway impact fees for their proposed 600,000 square foot building. The fi~t item to discuss is the $93,960 contributed toward Bethel Road. The le~er provid~ from Champion is somewhat misleading as it stated that they made the cont~bufion to the Ci~ for current and furore improvements to Bethel Road. ~ you may recall, the contribution made by Champion was strictly for Champion's benefit. The Ci~ of Coppell had an active contract to repave a potion of Bethel Road and was approached by representatives of Champion to "beef up" the section of Bethel Road from Royal Lane east approximately 800 feet. This was strictly for Champion's benefit to allow them to access a proposed driveway so that they could bring truck traffic into their development. Again, the $93,960 contributed was strictly for Champion's benefit and has no car~ over benefit to reduce the cost of the future improvements to Bethel Road. Therefore, my opinion is that no credit can be allowed for the $93,960 to offset roadway impact fees. The second item that Champion is requestin~ credit for is for ri~ht-of-way dedication. While they did prelimina~ plat their entire tract of land and the prelimina~' plat shows a future dedication of 1.87 acres, the only land that has been final plaued with a dedication of right- of-way is what is referred to as Lot I, Block A Coppell Industrial Addition. This is the western potion of their prope~. The right-of-way dedication associated with that final plat is about 0.86 acres or 37,595 square feet. The building to be const~cted, of which they are requesting the offsetting roadway impact fee, is located on Lot 1, Block A. Their le~cr indicates that the cost of the prope~ was $1.34/per square foot Therefore, the value of the right-of-way dedicated with Lot 1, Block A Coppell Industrial Addition is $50~77. My opinion of the request is as follows: "CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN" MEMORANDUM FROM THE DEPARTMENT OF ENGINEERING To: Jim Witt, City Manager From: Date: Ken Griffin, P.E., Director of Engineering/Public Works October 4, 2000 Impact Fee credit request from Champion Partners On October 2, 2000 Champion Partners provided a letter requesting an impact fee credit in the amount of $190,800 for their development. That number was arrived at based on the value of right-of-way dedicated along Bethel Road and the contribution by Champion Partners of $93,960 toward the improvements on Bethel Road. The question presented is how much of an actual credit can they be provided to offset their roadway impact fees for their proposed 600,000 square foot building. The first item to discuss is the $93,960 contributed toward Bethel Road. The letter provided from Champion is somewhat misleading as it stated that they made the contribution to the City for current and future improvements to Bethel Road. As you may recall, the contribution made by Champion was strictly for Champion's benefit. The City of Coppell had an active contract to repave a portion of Bethel Road and was approached by representatives of Champion to "beef up" the section of Bethel Road from Royal Lane east approximately 800 feet. This was strictly for Champion's benefit to allow them to access a proposed driveway so that they could bring truck traffic into their development. Again, the $93,960 contributed was strictly for Champion's benefit and has no carry over benefit to reduce the cost of the future improvements to Bethel Road. Therefore, my opinion is that no credit can be allowed for the $93,960 to offset roadway impact fees. The second item that Champion is requesting credit for is for right-of-way dedication. While they did preliminary plat their entire tract of land and the preliminary plat shows a future dedication of 1.87 acres, the only land that has been final platted with a dedication of right- of-way is what is referred to as Lot 1, Block A Coppell Industrial Addition. This is the western portion of their property. The right-of-way dedication associated with that final plat is about 0.86 acres or 37,595 square feet. The building to be constructed, of which they are requesting the offsetting roadway impact fee, is located on Lot 1, Block A. Their letter indicates that the cost of the property was $1.34/per square foot. Therefore, the value of the right-of-way dedicated with Lot 1, Block A Coppell Industrial Addition is $50,377. My opinion of the request is as follows: "CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN" 1. The $93,960 should not be considered in any offset credits because it was contributed solely for the benefit of Champion's development and it does not offset any costs associated with the construction of Bethel Road in the future. 2. The entire 1.87 acres of proposed right-of-way dedication should not be considered in this request because the entire tract of land has not been final platted and all the right-of-way has not been dedieated to the City. 3. The 0.86 acres (37,595 square feet) of right-of way dedicated with Lot 1, Block A Coppell Industrial Addition at a cost of $1.34/per square foot can be applied against the roadway impact fees assessed on Lot 1, Block A Coppell Industrial Addition. Therefore, a total credit of $50,377 can be provided against the roadway impact fees for the 600,000 square foot facility to be constructed on Lot 1, Block A Coppell Industrial Addition. This analysis is in compliance with Resolution #031296.2, Section 4 and Ordinance #95-685. If you should have any questions about my approach to this request please feel free to contact me at your convenience. "CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN" OCT-02-O0 NON 02:35 CHh...iON PRRTNER$ FAX NO, 9',_ 386+0600 P, 02/O3 RI~AL I~STAT~ ~TRATrGY AND '[M'PL'C~rNTATION October 2, 2000 Mr. Jim Witt City Manager City of Coppell 255 Parkway Boulevard Coppeli, Texas 75019 RE: Champion Partner's Development at the Northeast Comer of Bethel Road and Royal Lane Dear Mr. Witt: As you know, Champion Partners, Ltd., through an affiliated partnership (CP-Coppell 'Industrial, Ltd.), acquired an approximate 100-acre tract of land along the north side of Bethel Road, just cast of Royal Lane in the City of Coppell. Champion has worked very closely with city staff to plan our proposed development of this site and we very much appreciate the assistance we have received from everyone we have worked with at the city. We look forward to a successful project that will benefit all parties. As part o£ the work already performed to initiate this development, Champion has contributed approximately 1.87 acres of its land to the city for future right-of-way for the expansion of Bethel Road. This land cost Champion a little more than $1.34 per square foot, or approximately $109,000. This figure represents cost and not the current value. In addition, Champion contributed $93,960 for the upgrade to construction of the improvements to Bethel Road that were made in the first quarter of this year by the city. The combination of thc right of way dedication and the road improvement contribution totals $202,960 that Champion has readily committed to the City of Coppell. We are now in the process of submitting our approved final plat for recording and applying for a building permit for our first 600,000 square foot project. The Roadway Impact Fcc a.qscsscd by the city for this project amounts to $190,800. In accordance with our previous discussions, CP-Coppell Industrial, Ltd. and Champion Partners, Ltd. hereby respectfully request that the City of Coppcll allow a credit of $190,800 be applied toward the payment of this specific Roadway Impact Fcc. We are requesting this credit due to thc payments and contributions already made to the city for current and future improvements to Bethel Road. The city's cooperation with this request 992 J86+0600 OCT-02-O0 NON 02:35 PM Ct ~ION PARTNERS FAX NO, 386+0600 P. 03/03 Mr. Jim Witt October 2, 2000 Page 2 will help insure that we can be competitive with other prospective buildings in the Metroplex when we are competing for a tenant. Thank you for your consideration of this request. additional information, please don't hesitate to ask. If I can provide you with any SMG:cc