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CRDC 14-01 CS151020T H E C I T Y 0 F COPPELL eo x A S 16 9 September 21, 2015 Michael Hershman Eagle Braewood L P Ste 1575 Lb 29 5430 Lbj Fwy Ste 1575 Dallas, Texas 752402641 RE: Intersection Improvements — Tract D CRDC 14-01— Denton Tap & Sandy Lake Electric and Utility Easement Offer Letter/Letter of Permission Third Offer Dear Mr. Hershman: This letter is in response to your conversations with George Marshall. It is my understanding that you would be willing to accept the following offer; According to the Dallas Central Appraisal District, the land is currently valued at $8.00 per square foot. The area needed as easement is 1288 square feet. Typically the City of Coppell values easements at '/2 the value of the land. However looking at adjacent properties, you had requested us to consider a $12 per square foot land value. Therefore, the City of Coppell is offering $7,728.00 for the 1288 square feet of easement. This letter constitutes an offer from the City of Coppell for the acquisition of Electric and Utility Easement as follows: Acquisition of Electric and Utility Easement at $6.00/sf x 1288 sf = $7,728.00 In addition, the City will remove and replace +-3'S square yards of pavement in addition to the original quantity planned for the project. As depicted on the attached exhibit. This shall be agreed to as a one-time repair and that the owner shall be responsible for all repairs and replacement after the work is complete. The City will not be responsible for any future repair to the pavement on your tract. Construction is anticipated to begin in October 2015, and the city needs to acquire the easement as soon as possible. If the above offer is acceptable, please sign below and return the signed letter to this office. Once the letter is received, the final easement documents will be drafted and process of payment can begin. A FAMILY COMMUNITY FOR A LIFETIME 255 PARKWAY * P.O. BOX 9478 * COPPELL TX 75019 * TEL 972/462 0022 * WWW.COPPELLTX.GOV Enclosed with this Offer Letter/Letter of Permission are the easement documents. The city respectfully requests your execution of this document. When the easements are drafted and the check is ready, we can arrange a mutually agreeable method to exchange the documents and the check. Your consideration of this matter is appreciated and if you have any questions, please contact George Marshall at 972-304-3562 or me. Sincerely, Kenneth M. riffin, P.E. Director of Engineering/Public Works Office 972/304-3686 Fax 972/304-7041 kgriffin@co ep 1ltx.gov Enclosures c r m vr. r�i too ADDITIONAL PAVEMENT REPLACEMENT 162 SO YARDS Ni a PROPOSED DRIVEWAY ADDITIONAL PAVEMENT REPLACEMENT, AVEMENT REPLACEMENT CITY OF C❑PPELL PROJECT CRDC 1 4-0 1 COPPELL .AN QUANTITY OF PAVING Sheet V NOVAL AND REPLACEMENT S:%CAM_S. msourROCI m1p uDeyunroemuwxoXcl xiertsas anwonxCleeted,n Cvis[ �� �` yia�Y�i. I _ I c� .-�� '! r, `' ly.. 2 .1 f f 1 E 1 E a 1 9 f