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Waterside P2-CS 920813August 13, 1992 Mr. Gary Sieb Planning Director City of Coppell 255 Parkway Blvd. Coppell, Texas 75019 Dear Gary: We're very excited about the opportunity to build homes in Coppell and be part of the Coppell Community. We've already experienced significant success from our home sales efforts thus far. A large number of our homebuyers need to move into their Standard Pacific home by the end of the 4th Quarter, 1992 due to school and other considerations. We are requesting a conditional release of the area south of the bridge on Spyglass and Shorewood Drive/Court. We would be willing to post a performance cash escrow for any miscellaneous outstanding items. We appreciate you evaluating our situation and thank you for considering the urgency of our need to begin construction. Sincerely, Michael W. Brady President Standard Pacific of Dallas MB/kl 5524 MA(L~kRT}tIiR BI.VD,, SI!ITE -580, IRk'IN(}, TX -'q(I.~8 t21q) 55()-{)42(i FAX: (2