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CRDC 14-01-CS151110T H E • C 1 T Y- O F August 5, 2015 Woodside Shopping Center Shopping Center Ltd 270 Commerce Dr Rochester, New York 14623 RE: Intersection Improvements — Tract G CRDC 14-01-- Denton Tap & Sandy Lake Electric and Utility Easement Offer Letter/Letter of Permission Offer Letter 2 Dear Mr. Burnham: This letter is in response to your conversation 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 $9.00 per square foot. The area needed as easement is 5,143 square feet. Typically, the City of Coppell values easements at Y2 the value of the land. However, looking at adjacent properties, the City of Coppell is offering $30,858.00 for the 5143 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/sf x 5143sf.= $30,858.00 Construction is anticipated to begin during the summer of 2015, and the city needs to acquire the easement as soonas possible. Ifthe 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. 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. A FAMILY COMMUNITY FOR A LIFETIME 255 PARKWAY * P.O. BOX 9478 * COPPELL TX 75019 * TEL 972/482 0022 * WWW.COPPELLTX.GOV Sincerely, Keane h M. i P.E. Director of Engineering/Public Works Office 972/304-3686 Fax 972/304-7041 kg iffin@coppelltx.gov Enclosures Woodside Shopping Center Shopp'Center-htdL.? `w Al