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Eagle Point-AG 930713AGENDA REQUEST FORM crn CO~r~CIL 1.~rl~GJul? 13. 1993 ITEM CAPTION; Consideration and approval of an escrow agreement between the City of Coppeli and Inc. in the amount of $3,658.66 for the future construction of Glade Point Drive within Subdivision and authorizing the Mayor to sign. SUBMITTED BY: OTHER REP.: DATE: EVALUATION OF ITEM: The Developer of the Eagle Point Village Subdivision has requested that he not be required to construct a stub out section of Glade Point Drive within his subdivision. The street ends on a skew at his eastern most property line and it would be difficult to construct on that skew. The developer has estimated the cost of the street construction. I have reviewed those costs and find them generally in line with accepted costs for this type of construction. Staff concurs with this approach to not construct the short section of Glade Point Drive until such time as the property to the east develops. Staff will be available to answer any questions concerning this request. BUDGET AMT. AMT. +/- BUDGET COMMENTS: ~ APPROVED BY CITY CO/UI CIL DATE REVIEWED BY CM: LEGAL REVIEW BY: AGENDA REQUF.3T FOI~I I~rVISED 2/9:3 AMT. ESTIMATED FINANCIAL REVIEWBY ,, He,v,~ 4-24-89 SLTPORT DOCUM£NTATION FOR AG£NDA ITEh .C?AI~P RECF.~VED BY CITY YANAGER*S OFFICE: SUPPORT DOCL'F~FI'ATION SUBNITTED WITR AGENDA ITEN: .~EMOS/LETTERS/REPORTS/BILLS/MINI~TES: CO~D. CT/AG~£R(ENT ................. : C.Z.P. CONTRACT ..................... : CF~GE ORDERS · ~ ~O. OF ORIGINALS 1 e&eh 3 originals for siSuatu=e 6 ori~inale for siSusture 3 originals for eign~t'ure ORDINANCE ........................... : CAPTION ............................. : RESOLUTION .......................... : PROCLAMATION ........................ : I blueba, ck for eiSGiture + B copies I blueback for st&*'niCure + 3 copies 2 bhebecb for aig'n~cure + 1 copy 2 bhebacks for etsnature + I copy BID · · · : I each LOCATION MAPS ....................... : ZONING PLAI~S...... ................. . : PRELIMINARY/FINAL PLATS ............. : SITE PLANS .......................... : LANDSCAPE PLANS . . : ARCHITECTIIRAL RENDERINGS ............ : 12 12 12 12 12 12 DATE PUBLISHED IN T~E ¢ITIZEN$~ADVOCATE: NOTIFICATION TO: DATE/I~OD OF CO~TACT: REPUBLIC PROPERTY GROUP, INC. June 28, 1993 Mr. Ken Griffin City Engineer City of Coppell 255 Parkway Boulevard Coppell, Texas 75019 Re: Eagle Point Village Dear Ken: Enclosed is an executed copy of the Escrow Agreement with the City of Coppell concerning Glade Point Drive and a check payable to the City of Coppell in the amount of #3,658.66 (check # 1023). Please call should you have additional questions in this regard. Sincere, _ sj enclosure 8440 Walnut Hill Lane, 8th Floor · Lock Box 3 · Dallas, Texas 75231 · (214) 373-6666 · Fax (214) 691-4023 NDM' i,'''~ ~ NATHAN D. MAIER CONSULTING ENGINEERS, INC. February 1, 1993 Mr. Jerry Ragsdale Republic Property Group, Inc. 8440 Walnut Hill Lane, 8th Floor Lock Box 3 Dallas, Texas 75231 Eagle Point F'dlage - Future Glade Point Drive NDM Job No.: 89.10-118.G Dear Jerry: At your request, I have calculated the cost to construct the portion of Glade Point Drive that lies within the Eagle Point Village project. I have assumed that this work will be performed subsequent to the construction of Longmeadow Drive and used the unit prices from your Eagle Point paving contract. The costs are as follows: 68 LF Saw Cut & Remove Concrete Paving @$I0.00 $ 680.00 70 CY Excavation @$1.25 87.50 2.8 TN Lime @75.00 210.00 189 SY Stabilized Subgrade @1.00 189.00 176 SY Concrete Paving @14.16 2,492.16 Total $3,658.66 If you have any questions please call. Sincerely, . Michael Daniel MD/cmh Three NorthPark/8800 N. Central Expwy./Suite 300/Dallae, Texae 75231/(214) 739-4741 CITY OF COPPELL ESCROW AGREEMENT For and in consideration of the mutual covenants and agreements herein contained, the City of Coppell hereinafter called "City" and Eagle Point Development, Ltd. hereinafter called "Developer", do hereby agree as follows, to-wit: WHEREAS, the current City policies (Subdivision Ordinance Appendix A, Section 17) require thaH in the new areas, a Developer install major public improvements where required in or adjacent to said addition. Developer has elected to develop Eagle Point Village at Riverchase Drive and Sandy Lake Road, in the City of Coppell, Dallas County, Texas. In lieu of the developers obligation to construct Glade Point Drive (see exhibit A), Developer agrees to place in escrow $3,658.66 for the construction of aforesaid major public improvements. THEREFORE, the Developer does hereby deposit $3,658.66, which will be held in the sole name of the City in an interest bearing account to draw interest at the current rate. No withdrawals shall be made until such time as the above mentioned improvements are made. After completion and acceptance of the above mentioned improvements by the City, the difference between the escrowed funds (original amount escrowed plus accrued interest) and the actual cost shall be refunded to the Developer. In the event that actual cost of above mentioned improvements exceed the escrowed funds (original amount escrowed plus accrued interest) the Developer will be assessed the difference. Payable within ten (10) days of notice. THE CITY may issue Building Permits on the aforesaid property without the requirement of the aforementioned improvements, and upon deposit of Escrow Funds described herein. Signed and Executed this the day of ~O~-~_ Developer Eagle Point Development, Ltd. A Texas Limited Partnership RPG/EP Company, Inc. Its sole General Partner ale~ vice President Attest Cl~'-Secretary ~ ~ - Councilman Weaver attended a meeting of the board and the building committee and stated they are prepared to go back to the architect with final changes. D/FW Ai _rport Expansion - Councilman Weaver advised that he attended the meeting and h6 was very encouraged by it. Mayor Morton advised that a letter had been prepared by the City Attorney regarding a request from Councilmember Reitman asking for an interpretation. Mayor Morton inquired as to what the letter was going to be used for. CONSENT AGEND-~ 22. ~ A. Consider approval of minutes: June 22, 1993 B. Consider approval of Final Plat of Fountain Park Addition, located along the north side of Sandy Lake Road, between MacArthur Boulevard and Meadowglen Circle, at the request of Waters Edge Joint Venture. C. Consider approval of calling a special City Council meeting on August 17, 1993 to canvass the returns of the August 14, 1993 Election of Municipal Officer to fill a vacancy. D. Consider approval of calling a special City Council meeting at 6:00 p.m. on Tuesday, July 20, 1993 for the purpose of annexing property along IH-635. E. Consideration of approving an ordinance amending Ordinance //91510 and appointing the City Manager or his designee and Mayor Pro Tern Robertson and Councilmember Weaver to the Advisory Board of the Coppell Gateway Public Improvement District and authorizing the Mayor to sign. F. Consider approval of an Ordinance amending Ordinance g93549 and reaffirming the adoption of the City of Coppell Employee Policy and Procedures Handbook as amended and authorizing the Mayor to sign. G. Consider approval of waiving all fees for permits (but not health code requirements) pertaining to the operation of food service concessions at the 1993 City of Coppell Trade Fair on September 11, 1993, spon~red by the Coppell Chamber of Commerce, Retail and Small Business Committee. H. Consideration and approval of calling a Public Hearing on July 27, 1993 to designate a reinvestment zone for a tax abatement submitted by MJ Designs/Dupey Management. I. Consideration and approval of an Interlocal Agreement with Dallas County for the design of Sandy Lake Road from MacArthur Blvd. to the east city limits and authorizing the Mayor to sign. j, Consideration and approval of an escrow agreement between the City of Coppell and Republic Property Group, Inc. in the amount of $3,658.66 for the futtlre construction of Glade Point Drive within the Eagle Point Village Subdivision and authorizing the Mayor to sign. K. Consideration and approval of an ordinance to change Teal Lane to Laguna Drive, which begins at the intersection of MacArthur Blvd. and Teal Lane, and ends at the intersection of Teal La~e and Pintail Court, and authorizing the Mayor to sign. CM071393 Page 8 of 9 L. Consideration and approval of a Deed Without Warranty to convey land located at the southwest comer of Andrew Brown Park, west of Denton Tap Road and. bordering Cottonwood Creek, totaling 4,454 square feet, to Centex Real Estate Corporation and authorizing the Mayor to sign. M. Consideration of approving a variance to the Floodplain Management Ordinance //87930, Article 4, Section B, Item l lA which states that the Floodplain Administrator must "assure that conditional approvals are received from FEMA before a Floodplain Development Permit is issued" for the proposed Grapevine Springs Park improvements adjacent to Grapevine Creek by Dallas County. N. Consideration and approval of Recruitment Profile for the City Manager of Coppell as submitted by Ralph Andersen & Associates. Councilman Weaver requested to pull Items B and J for further discussion. Mayor Pro Tem Robertson moved to approve Items 22 A, C, D, E carrying Ordinance No. 93608, F carrying Ordinance No. 93609, G, H, I, K carrying Ordinance No. 93610, L, M and N. Councilmember Garrison seconded the motion; the motion carried 6-0 with Mayor Pro Tem Robertson and Councilmembers Weaver, Stahly, Reitman, Mayo, and Garrison voting in favor of the motion. Gary Sieb, Director of Planning and Community Services, made a presentation to the Council concerning Item 22 B. Mayor Pro Tem Robertson moved to approve the Final Plat of Fountain Park Addition, located along the north side of Sandy Lake Road, between MacArthur Boulevard and Meadowglen Circle, at the request of Waters Edge Joint Venture. Councilmember Garrison seconded the motion; the motion carried 5-1 with Mayor Pro Tern Robertson and Councilmembers Stahly, Mayo, and Garrison voting in favor of the motion and Councilmember Weaver voting against the motion. Councilmember Reitman abstained which is considered as an affirmative vote per City of Coppell Home Rule Charter, §3.11-B. Councilmember Weaver discussed several issues regarding Item 22 J. It was requested that some signage be placed on the property notifying the adjacent homeowners of the planned use for the property. Mayor Pro Tem Robertson moved to approve an escrow agreement between the City of Coppell and Republic Property Group, Inc. in the amount of $3,658.66 for the future construction of Glade Point Drive within the Eagle Point Village Subdivision. Councilmember Garrison seconded the motion; the motion carried 6-0 with Mayor Pro Tem Robertson and Councilmembers Weaver, Stably, Reitman, Mayo, and Garrison voting in favor of the motion. There being no further business to come before the City Council, the meeting was adjourned. Tom Morton, Mayor AT'rEST: Dorothy Timmons, City Secretary CM071393 Page 9 of 9