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Villages of CC P5-CS 970904~ Jim Witt Coppeil City Manager 255 Parkway Blvd. Coppell, TX 75019 RE: Village at Cottonwood Creek ("Village") Dear Jim: Thank you for working with us toward the resolution of the Coppell Road right-of-way issue involved with the final plat for the Village. In settlement of this issue, the City and Grand Homes a~ree to the following: ~.~t ~ 1. Grand Home~ agrees to ac, quire, or p/iy the cost of acquirin8, a five foot strip of Coppell Road right-of-way from the Callejo/~.act_by October 15, 1997. If Grand Homes is not able to consummate the transaction,' the City will utilize its powers of eminent domain, if necessary, to acquire this fight-of-way, G-rand Homes will pay all of the reasonable costs associated with the condemnation. 2. Except for Lots 8 and 10 of Block B, no certificate of occupancies will be issued until the five foot strip is acquired. Thc City will issue certificates of occupancy for Lots 8 and 10 at the request of Grand Homes. 3. The City will accept and grant in a timely manner building permit applications for single- family houses in the Village, All pending building permit applications will be released immediately. If you have may questions regarding this matter, please give me a call. Sincerely, Presidem APPROVED AND AGI~ED: Jim Witt, City Manager, City of Coppell II:MM) N. C,ntral Expressway, Suite 200, Dallas, T~xa~ 7S243-670.q (214) 7S0-6S28 Fax: (214) 750-68d9