Northlake 635(3)-CS 960329WEST A1RK
RICHARD R. LIEBERMANN
zVa~ionai Z~rector
(215)
March 29, 1996
Jim Witt
Cky Manager's Office
255 Parkway Boulevard
Coppeil, TX 75019
214 740 3404 "--~ 214 ?40 3404 P.02×03
REALTY ADVIS 5. , ,
RE: Credits and Offsets to Impact Fees for Northlake Business Pa
Dear Jim:
Westmark Realty Advisors on behalf of MCDLF (Texas} Holding
Northlake Business Park. Pursuant to Resolution No. 010996.2 we are sul
to request approval of the credits' and offsets to the impact fees for Northfi
DEDICATION:
According to our records, we have dedicated the following area for
With a land value of $2.50 per square foot, the applicable credits and offse
· Street ~i_aht of Way Area Va~_~Lu.L~I e Credits
Lakeshore 168,577.20 psi $421,443.00 $210~21 .!
Crestside
rk
Company, owns
~mitting this letter
ke Business Park.
respective roads.
ts are as follows:
SO (50%)
138,520.80 psi
P~AVEMENT COSTS:
$346,302.00
$173,151.~)0 (50%)
$383,872.! lO
Dedication Total
Additionally, the following represents paving costs for construction
roads and applicable credits.and offsets:
_Pavement Area
113,289,03 psf
85,058.68 psi
Street
Lakeshore
Crestside
$282,835.74
$212,513.12
Pavement Total
Credits
$141,417.
$106,256.5
$247,674.~
~x (~3)
)f the respective
7 (50%)
8 (50%)
15:35
214 ?40 3404
21
Jim Witt
March 29,1996
Page 2
_ASSESS .N~gT_ S.
Further, Connell Development Co. has paid
assessments and $15,061.14 in interest for Beltline
to Ordinance No. 95685, the Impact Fee Ordinance
~olding Company. should be entitled to a credit ec
assessment.
~ON~L~SION~
Consequently,
740 3404 P. 03/03
$376,528.51 in
toad. According
. .MCDLF (Texas)
u~valent tO the
requested are:
the total credits and offsets beix
Dedication Credits\gffse=s $ 3831872.50
Your timely assistance with this matter is 9reatly a
you require any additional information or haveanyque~
this request, please do not hesitate to call me at (;
ppreciated. If
Itions regarding
!13) 683-4204.
Sincerely,
TOTAL P. 03