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Vistas of C 1stP-CS 970620VISTA PROPERTIES A CENTEX COMPANY P.O. Box 199000 Dallas. Texas 75219 -9000 2728 North Harwood Dallas, Texas 75201 -1 51 6 June 20, 1997 Mr. Ken M. Griffin Director of Public Works City of Coppell 255 Parkway Blvd. Coppell, TX 75019 Phone: 214 981 -6770 Re: Assignment of Water Improvement Credits, Sanitary Sewer Improvement Credits and Drainage Improvement Credits to Centex Homes ( "Credits ") Dear Ken: In accordance with the Development Agreements for Water, Sanitary Sewer and Drainage Improvements dated April 24, 1996 between Vista Partners , a Nevada general partnership ( "Vista ") and The City of Coppell, Texas, Vista has certain Credits as confirmed by the City of Coppell in the attached letter dated January 17, 1997 This letter shall serve as notice to the City of Coppell that Vista hereby assigns these Credits to Centex Homes and that Centex Homes shall have all the same rights as Vista with respect to utilizing these credits. If you have any questions or comments regarding this letter, please do not hesitate to give me a call. Sincerely, Daniel B. Anderson Project Manager cc: Derek Earle G:IUSERSI PROJECT \VISTARIDICOPP_SFICTX_SFW SSIGN.DOC