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ST9601-CS 980505 CATELLUS May 5, 1998 Mr. Kenneth M. Griffin, P.E. Director of Engineering and Public Works P.O. Box 478 Coppell, Texas 75019 Dear Ken: I received your May 1st letter regarding the Wrangler Road project and was pleased to see that we came in a little under budget. With respect to your request for prepayment of roadway improvement costs, as mentioned in my previous correspondence, Catellus plans on paying for its prorata share of costs with P.I.D. funds. I am not certain we can access P.I.D. funds without an actual invoice from the contractors. From the city' s standpoint, I am certain your primary concern is that you will be reimbursed for the work. I trust we should be able to get the city comfortable with the availability of funds for the project, and to that end, perhaps we could contact the city' s bond counsel to discuss the logistics. Please give me a call to discuss how you would like to proceed. Sincerely, Stephen L. Bryan Director, Development CATELLUS DEVELOPMENT CORPORATION 4545 FULLER DRIVE, SUITE 100, IRVING, TEXAS 75038 (972) 719-6101 FAX (972) 719-6149