Oakbend Addn-CS 950317CENTEX
HOMES
March 17, 1995
Mr. Ken Griffin, P.E.
Assistant City Manager
City of Coppell
255 Parkway Boulevard
Coppell, Texas 75019 ~1~ r,i
RE: Oakbend Estates ~
Lot 1, Block A adjacent to Thweatt Road
Dear Ken:
As we had discussed, the above described lot adjacent to Thweatt Road is currently vacant and appears to
be impacted by the future realignment of the road. The final plat on the property was approved in 1990
and the right-of-way clip indicated was apparently agreed upon at that time by City staff.
The lot is currently being carried on our books at a cost of $40,225 which is a function of the development
cost of the subdivision, the original purchase price of the property, property taxes and the interest carry
since 1990. Centex would be willing to sell this lot to the City of Coppell at that cost (subject to approval
by our Board of Directors) in order to cooperate with the City on the future expansion of Thweatt Road.
We would anticipate that the City would pay closing costs associated with the transaction. A partial sale
would be impossible as the Oakbend Homeowners' Association has insufficient funds to purchase or to
maintain the lot. If you have any ideas for a partial dedication of area off of the lot that will still allow a
home to be constructed, we will be glad to entertain that option as well. Our intent with this offer is to at
least break even, we have not included the opportunity cost associated with a lost sale on this lot.
I would appreciate your response on this issue as we are nearing the close-out of sales in Oakbend and
would like to either sell this lot or build a home on it. If you deem necessary, I will be glad to attend a
City Council meeting to discuss this further.
If yOU need further information or have any questions, please call.
Sincerely,
CEN~X REAL ESTATE CORPORATION
Derek E. Earle, P.E.
Land Development Manager
Dallas North Division
1660 S. Stemmons Frwy., Suite 230 / Lewisville, Texas 75067 / 214-221-5556
CENTEX
HOMES
May25,1995
Mr. Ken Griffin, P.E.
City of Coppell
255 Parkway Boulevard
Coppell, Texas 75019
RE: Oakbend Addition
Block A, Lot'l
Dear Ken:
We received the information you provided concerning a proposed partial taking of the above
referenced lot in Oakbend for the widening of Thweatt Road. Unfortunately, the drawing did not'
have sufficient information to determine the adequacy of the remainder portion of the lot fOr
construction of a home. I have therefore enclosed a copy of the floor plan for the "smallest" home
we have available in Oakbend which might possibly fit on the lot. The plan has a width of 48' and a
depth of 64'-6". We would be willing to work with the City conceming sale of the right-of-way under
these circumstances providing the lot remains useable for a homesite.
Please give me a call concerning this issue as it is necessary for us to move forward with a disposition
of this lot. This is the only unsold site in the subdivision and the homeowners have been inquiring as
to what our plans are. Thanks again for your cooperation.
Sincerely,
CENTEX REAL ESTATE CORPORATION
Derek E. Earle, P.E.
Land Development Manager
Dallas North Division
attaclmuents
1660 S. Stemmons Frwy., Suite 150./ Lewisville, Texas 75067 / 214-221-5556
OAKBEND
BRANCHWOOD
,.%
O.H.E. ~
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COPPELL ROAD