Loading...
Magnolia Park-CS 980616COPPELL, TEXAS 75019 June 16, 1998 Elvio Bnmi Eastern Development Companies 5225 Village Creek Drive, Suite 400 Plano, Texas 75093 RE: Roadway Impact Fee for Magnolia Park Dear Mr. Bmni: Attached are the revised Roadway Impact Fee calculations for the refen requested in your May 28, 1998 letter to Jim Witt. A check in the amount of $91,954.00 should be made payable to thc City of ( to Jennifer Armstrong, Finance Director, along with a copy of the attached calculations. Please provide a copy of your paid receipt to our office so that we will be abh the required fees and assure a successful completion of this project. If you should have any questions please feel free to contact me at your convert[ Sincerely · Martin, P.E. Assistant City Engineer Jennifer Armstrong, Finance Director Glenn Hollowell Assistant Director of Public Services Greg Jones, Building Official Doug Stevens, Engineering Technician PO. Box 478 CoppelI, Texas 75019 972-462-0022 ~ced project as you :oppell and forwarded Roadway Impact Fee to verify payment of ROADWAY IMPACT FEE CALCULATIONS PROJECT: Magnolia Park DATE: 6/11/98 (REVISED) ROADWAY IMPACT FEE: Service Area * Category ** Residential Land Use ** Single-Family Detached E~uilding Size (Sq. Ft.) N/A Development Units ** Vehicle Miles per Development Unit ** Fee per Vehicle Mile *** Roadway Impact Fee due = (Development Units) x Vehicle Miles per Development Unit) x (Fee per Vehicle Mile) = 114 2.85 $300 $97,470.00 * (Figure 2 - Roadway Impact Fee Study) ** (Table 3 - Roadway Impact Fee Study) *** (Schedule 2, Page 3 - Roadway Impact Fee Study) A credit of $5,516.00 is provided due to dedication of right-of-way as per letter to Jim Wilt dated May 28, 1998