Fairfield-CS170822 •
•
HOUGHTON CAPITAL
600 INTERNATIONAL PLAZA III
1 4 2 4 1 DALLAS PARKWAY
D A L L A S , TEXAS 7 5 2 5 4
August 22, 2017
Mr. Dilip Pranav via USPS Priority Mail Express
Acer Lodging, LLC
8530 Esters Blvd.
Irving, TX 75063
First United Bank and Trust Co. via USPS Priority Mail Express
6401 South Custer Road, Suite 100
McKinney, Texas 75070
RE: Fairfield Hotel, 1150 Northpoint Drive, Coppell, Texas 75019
SECOND NOTICE OF FLOODING
Gentlemen,
By letter dated August 7, 2017, addressed to Ken Griffin, you were provided with notice that the
development of your property located at 1150 Northpoint Drive,Coppell,Texas,75019 is flooding
Securlock's Property'. You were also presented with a good-faith offer and suggested course of
action to avoid unnecessary and costly litigation. Unfortunately, since that time, neither of you,
nor anyone purporting to be authorized to represent Fairfield or anyone associated with the
development has bothered to respond.
Making matters worse, on August 13, 2017, Securlock was flooded again, causing further
damage to our building and tenants. As a result of your inaction and apparent lack of concern, no
steps have been taken to protect Securlock and its tenants from water damage caused by your
change of the natural flow of water. Further, your lack of action left Securlock with little choice
but to contact all potentially impacted tenants and advise them of the possibility of flooding and
damage to their belongings. This is personally embarrassing to me and potentially disastrous to
Securlock's reputation.
The prospect of ongoing flooding may provide permanent stigma and damage to Securlock's
reputation in addition to lost revenue and good will to our investors and permanent damage to
collateral that is security for a sizable loan.
The recent flooding illustrates some of the problems you created by altering the natural flow of
water that existed prior to construction, and by diverting water toward the Property. This has
1 Capitalized terms are used as defined in my August 7,2017 letter.
ANDREW SMITH : PRESIDENT • • A N DRE W@ H O U G H T O N CAP I T A L . C O M
DIRECT 9 7 2 . 3 5 4 . 5 3 2 8 FAX2 . 354 . 5328 FACELL 9 7 2 . 6 5 8 . 4 8 9 9
Page 2
Second Notice of Flooding
August 22,2017
created a permanent problem that will not go away without an immediate and comprehensive
solution.
I am requesting your immediate attention to this matter and would appreciate written or verbal
communication by Friday, August 25, 2017, outlining your proposed course of action followed
up with daily communication and progress updates on how you are going to immediately protect
the Property.
I am available by cell phone at(972) 658-4899 or by email at andrew@houghtoncapital.com
Thank you.
Zig
Andrew Smith
President
Houghton Properties, Ltd.
(Enc.)
cc: Northpoint Construction LLC via USPS Priority Mail
8530 Esters Blvd.
Irving, TX 75063
cc: Mr. Ken Griffin
City of Coppell Engineering Department via USPS Priority Mail
255 Parkway Blvd.
Coppell, Texas 75019