Coppell Health-CS 881024 ]~IO]~ANDI~!
OCT 2,1 1988
CITY MANAGER r
To: Alan Ratliff, City Manage
From: Tom Morton, Councilman PI~
Date: October 24, 1988 ~
Subject: Coppell Medical Office Building
Alan, attached is a copy of a letter I received from the
Metrocrest Hospital Authority concerning the building of a
medical office building in Coppell.
I am providing you a copy for your information and inclusion in
the City records.
As soon as there are more hard facts concerning the facility,
the Hospital Authority will schedule a dinner for the Council
as a whole. The purpose of the dinner will be to brief the
Council and staff. At that time the will also provide a
tentative construction schedule.
MCIKOIZKGST HOSPITAL AUTHOKITY
PROFESSIONAL PLAZA I, SUITE 200
ONE MEDICAL PARKWAY
FARMERS BRANCH, TEX~S 75234
2141247-8023
October 11, 1988
Mr. A1 Seeley
President
Mediplex Medical Building Corporation
4849 Greenville, Suite 1400
Dallas, Texas 75206
Dear Al:
The Metrocrest Hospital Authority (MHA) and National Medical Enterprises (NME)
would like for MMBC to develop a proposal for a proposed medical office
building in Coppell, Texas.
We have formally discharged American Medical Buildings, Inc. (AMB) (see
attached letter). Since we already paid them a development fee under a very
unusual set of circumstances, we would like for you to undertake the
development of a proposal at no additional cost. I am enclosing a copy of the
AMB "Site and Size Report" which does not do justice to the real potential for
a viable project.
I am also enclosing a letter from Barry Schneider outlining the
responsibilities NME would be willing to undertake. For its part, MHA would
consider buying approximately three (3) acres of reasonably priced land $2.00
- $4.00 per square foot. MHA would sell the land to a "friendly" 501C3
corporation, Medical Development Management Corporation (blDMC) which in turn
would sell bonds to finance the project as well as manage it.
Insofar as location, Mayor Lou Du§gan and Councilman Tom Morton have convinced
me that a location north of Sandy Lake Road on or in view with access to
Denton Tap Road would be the best location. I have the names of the
developers (Lomas Realty, Albuquerque S&L and Magnolia Properties) and contact
persons who I am personally contacting. We are thinking about an approximate
ultimate campus size of 15-20 acres and would like to see if a "deal" can be
struck to make the project-by-project drawdown of acreage financially
feasible.
MR. AL SEELEY
Mediplex Medical Building Corporation
October 11, 1988
Page 2
This project has languished too long; therefore, I would appreciate your
immediate attention.
Please direct any questions to me.
Thank you.
Very truly yours,
Ja~ey
President
3CB/bp
cc: Barry Schneider, Vice President of O~erations (NME) Lee Arnold, Vice President Real Estate (NME)
Lou Duggan, Mayor of Coppell
Tom Morton, Coppell Councilman