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ST9801-ES 970904September 4, 1997 Mr. Jim Watt Coppell City Manager 255 Parkway BIrd. Coppell, TX 75019 VIA FAX 972/304-3623 RE: Village at Cottonwood Creek ("Village") Dear lira: 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 scttlt~nent of this issue. the City and Grad Homes agree to the following: td~ ~ 1. Grand Homes agrees to acquire, or p the cost of acquiring, a five foot strip of Coppell · necessary, to acquire this right-of-way, Grand Homes will pay all of the reasonable costs associated with the condemnation, Except for Lots 8 and 10 of Block B, no certificate of occupancies will be issued until the five foot strip is acquired. The City will issue certificates of occupancy for Lots 8 and 10 at the request of Grand Homes. The City will accept and gram in a timely manner building permit applications for single- family houses in the Village. All pendin8 building permit applications will be released immediately. If you have any questions regarding this matter, please give me a call. Sincerely, Stephen H- Brooks President APPROVED AND AGREED: Jim Win, City Manager, City of Coppell f:\proje,~a'~otUmwa'Xwitt3 11300 N. Central Expressway, Sult~ 200, Dalla~, Tsxas 75243-670S (214) 750-6528 Fax: (214) 750-68~9 ! ....I ....['