Summit P2-CS 970724 (2)BRANCH PROPERTIES, INC.
1601 Elm, Suite 1700
Dallas, Texas 75201-7241
214-922-0125
July 24, 1997
City of Coppell
PO Box 478
255 Parkway Blvd.
Coppell TX 75019
Attention: Kenneth M. Griffin,
City Engineer
Re:
The Summit at The Springs,
an addition to the City of Coppell,
County of Dallas, Texas
Dear Mr. Griffin:
It has come to the attention of Branch Properties, Inc., the developer of the
captioned project (herein called "the Developer") three matters which require
immediate attention before the City of Coppell will issue building permits in the
development.
The Developer proposes to bind and obligate itself to:
Construct a sidewalk to specifications required by City of
Coppell across the accessway between Lots 31 and 34,
Block B, Phase II of the Development, commencing at
Edmondson Drive and extending northwesterly to the
Common Area designated as Lot 32X.
Construct a retaining wall, built to the specifications
required by City of Coppell, along the alley between
Lexington Avenue and Armstrong Blvd., at the point where
the drainage easement extends between Lots 19 and 20,
Block C, Phase I of the Development.
City of Coppeil
July 24, 1997
Page 2
Erect erosion control structures at such points and to such
specifications as the developers engineer directs and to the
satisfaction of the City of Coppell and provide erosion
control bonds, or other security satisfactory to the City of
Coppell.
To assure the City of Coppell that Branch ' Properties, Inc., does in fact
immediately commence construction as required above, Baptist Foundation of
Texas, the owner of all of the outstanding shares of Branch Properties, Inc.,
unconditionally guarantees that the construction will be completed according to
specifications required by the City of Coppell and agrees that no certificates of
occupancy will be requested or granted until such time as Items 1-3 have been
completed, and further that Baptist Foundation of Texas agrees hereby to
indemnify and hold the City of Coppell harmless against any costs of construction
thereof, should for any reason the City of Coppell deem it necessary to take over
construction of all or any part of the aforementioned items.
BRANCH PROPERTIES, INC.
Wayne Cherry, Vice l~resident
AS PRINCIPAL
BAPTIST FOUNDATION OF TEXAS
' wa(gne Cherry, Vice ~rresident
AS GUARANTOR