Lakes of C 1stP-CS 860723 TRILl. NB
3uly Z3, 1986
The Honorable tou Duggan
City Council
City of Coppell
616 South Coppell Street
Coppell, Texas 75019
RE: DeForest Road Improvements
Gentlemen:
Pursuant to action taken by the Coppell City Council on 3uly 7,
1986, Triland Investment Group hereby agrees to make the
following Improvements to existing DeForest Road:
1) Provide a 2" asphalt overlay from MacArthur Boulevard east to
the terminus of DeForest, following the existing profile
grades; and
Clear the existing ditch on the north side of the road in
order to improve local storm drainage.
This work will be performed by Triland~ at our sole expense
sub3ect only to the City (a) allowing Triland and its contractors
to perform the work, through the issuance of appropriate permits
and (b) indemnifying Trtland from any potential claims from
ad3acent property owners regarding the performance of the work.
In a related matter~ it is understood that funds tn the amount of
$327,500 are required to be escrowed for future improvements to
DeForest Road. Triland Investment Group recognizes that this
assessment is reasonable and consistent with obligations to which
have already been agreed. As we have previously stated~ these
costs are assessable to the existing property owners on the south
side of DeForest, specifically Auburn Homes and Dimension/Brooks
Corp. This obligation was included in the respective sale to
each of these groups~ and it is our understanding that each
stands ready to cooperate with the City on this matter.
However, it is my understanding that~ during the above mentioned
council meeting~ the assessment was determined by taking one-half
of the estimated cost of the roadway. State law permits
assessment at only .90 of the total cost. Therefore~ the
assessment would be .45 to the southern property owners.
Triland Development, Inc. · One Lincoln Centre, Suite 1000 · 5400 LBJ Freeway · Dallas, Texas 75240 · (214) 934-1234 · Telex 794183
The Honorable Lou Duggan
City Council
3uly 23, 1956
Page 2
We believe the above process fully describes the obltgatlons
between Trtland Investment Group and the City of Coppell
regarding the improvements to DeForest Road associated w[th the
Lakes of ¢oppe11. Please acknowledge and return one executed
copy of this agreement to Triland so that ne may proceed with the
referenced improvements in a ttmely manner.
Tr~land Investment Group City of Coppell
Trtland Development, Inc.~
Manager
Do~g~--S~i~er, j~estdent Lou Duggan, Mayor
Date ?/~t)~ Date