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ST9801-ES 990401STATON COPPELL. TEXAS 75019 RO. Box 478 Coppell. Texas 75019 972-462-0022 April 1, 1999 Robert H. Staton, Jr. David M. Staton 14522 Cyprus Point Drive Dallas, Texas 75234 RE: Coppell Road Project #ST 98-01 Right-of-Way Dear Mr. Staton: Thank you for taking the tm~e to visit with me recently concerning the acquisition of right-of-way from your property located on Coppell Road. I apologize for the confusion concerning the actual amount of right-of-way required from your property. Our consulting engineering has now confined that we will require 12,177 square feet of right-of-way from your property for the construction of Coppell Road. A copy of the correct document is included with this letter. Based on our conversations, the City of Coppell is willing to offer the following in exchange for the right-of-way. 1) Acquisition of right-of-way at $4.00/sq. ft. x 12,177 sq. ft. 2) There will be no assessment for Coppell Road improvements. While there is no assessment on the property, any redevelopment of the property will require adherence to the City of Coppell's Roadway Impact Fee Ordinance. Payment of fees under the Roadway Impact Fee Ordinance is not required until such time as a plat is approved for the property. If the property were to remain undeveloped, then there would be no roadway impact fee or assessment requirement on the property due to the construction of Coppell Road. However, when a plat is approved for the property, then fees will be required based on the city's Roadway Impact Fee Ordinance. 3) One-half the cost to perform boundary survey to be paid by Mr. Staton. $48,708.00 -850.00 $47,858.00 TOTAL If tbAs i:; acceptable to you p!ea.~ sign below and return to me. Once I have received the letter, I will start the process for payment of the $47,858.00. When the check has been processed we can arrange a mutually agreeable time to meet to notarize the document in exchange for the check. -q ~ ~--o¢~C'~-,{ Oc.~~°~'u--shc~uld have any questions please feel free to contact this office. Commercia/Real Estate Services ' Ronald E. Thomas/ One Lincoln Centre, 5400 LB/Freewa Dial 972.38S-3100, Fax 972_385,31Y8~ as 75240 S s ,-/ COPPELL, TEXAS 75019 P.O. Box 478 CoppeB, Texas 75019 972-462-0022 April I, 1999 Robert H. Staton, Jr. David M. Staton 14522 Cyprus Point Drive Dallas, Texas 75234 RE: Coppell Road Project #ST 98-01 Right-of-Way Dear Mr. Staton: Thank you for taxing the time to visit with me recently concerning the acquisition of right-of-way from your property located on Coppell Road. I apologize for the confusion concerning the actual mount of right-of-way required from your property. Our consulting engineering has now confirmed that we will require 12,177 square feet of right-of-way from your property for the construction of Coppell Road. A copy of the correct document is included with this letter. Based on our conversations, the City of Coppell is willing to offer the following in exchange for the right-of-way. 1) Acquisition of right-of-way at $4.00/sq. ft. x 12,177 sq. ft. 2) There will be no assessment for Coppell Road improvements. While there is no assessment on the property, any redevelopment of the property will require adherence to the City of Coppell's Roadway Impact Fee Ordinance. Payment of fees under the Roadway Impact Fee Ordinance is not required until such time as a plat is approved for the property. If the property were to remain undeveloped, then there would be no roadway impact fee or assessment requirement on the property due to the construction of Coppell Road. However, when a plat is approved for the property, then fees will be required based on the city' s Roadway Impact Fee Ordinance. 3) One-half the cost to perform boundary survey to be paid by Mr. Staton. $48,708.00 -850.00 $47,858.00 TOTAL If uhis i:~ acceptable to you please sign below and return to me. Once I have received the leuer, I will start the process for payment of the $47,858.00. When the check has been processed we can arrange a mutually agreeable time to meet to notarize the document in exchange for the check. Thank you for your patience and if you should have any questions please feel free to contact this office. - Sincerely, Kenneth M. G"rifftr_, 2.E. Director of Engineering/Public Works CITY OF COPPELL PERMANENT RIGHT OF WAY 05112199 Deed 574:;::>00 1564797 $15.00 STATE OF TEXAS § .:: COUNTY. ,OF DALLAS~ § .. § KNOW ALL MEN BY THESE PP, K~ENTS THAT, ROBERT H. STATON, JR. and DAVID M STATON herein after referred to as GRANTOR, in consideration of the sum of Forty-seven Thousand, eight hundred fifty-eight dollars ($47,858.00), and other good and valuable considerations in P/aid paid by the City of Coppe!l, a municipal corporation of Dallas County, Texas, receipt of which is hereby acknowledged, does hereby grant, bargain and convey to said City of Coppell, Texas, (GRANTEE), its successors and assigns, a permanent right of way and the right to construct, reconstruct and perpetually maintain a public street and/or drainage facilities and utilities, together with all necessary appurtenances thereto, and with the right and privilege at any and all times, to enter said premises, or any part thereof, as is necessary to the proper use of any other right granted herein, and for the purpose of constructing, reconstructing and maintain said public street and/or drainage facilities and utilities, and for making connections therewith, in, upon and across that certain tract or parcel of land in Dallas County, Texas, being described as follows: Exhibits "A. attached hereto and made a part hereof. TO HAVE AND TO HOLD the same unto the City of Coppell, its successors and assigns. f~~S MY HAND, / ,1999. this the ~4~ day of Dawd M. taton 99092 03387 STATE OF TEXAS § cotnvrY oF § BEFORE ME, the undersigned authority, in and for said County, on this day personally appeared Robert H. Staton. Jr. known to me to be the person whose name is subscribed to the foregoing instnunent, and acknowledged to me that they executed the same, for the purposes and considerations therein expressed, and in the capacity therein stated. GFqEN 7~/~ day of PAULA J. CROCKER MY COMMISSION EXPIRES October 17, 2000 UNDER MY HAND AND SEAL OF OFFICE, this the STATE OF TEXAS § COUNTY OF ~i{~;{~ § BEFORE ME, the undersigned authority, in and for said County, on this day personally appeared David M. Staton, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that they executed the same for the purposes and considerations therein expressed, and in the capacity therein stated. 'GIVEN UNDER MY HAND AND SEAL OF OFFICE, this ~/% day of fi~FD//)( .~'! , 19998. ~ , the 99092 03388 EXHIBIT 'A ' 1"'60' co~ ,, ~=02°08'03'' R=975.00' L=3G.32' CHB=S87'37' 13'1E " CHD=36,32'~ PROPOSEO RIGHT-OF-WAy LINE ~/2- ~fS86 33 I~ E 823,54' NI9'51'11"W ~ 'mS ICMi /,~ ~/2 ~ RST.,- I 3.6 I' N86'33'1 I"W 950.00' EXHIBE 'A' R~ ~QU!SITION 02795 ~RE 12J77 SO. FT. yO. 9.R~9.' 588°41 '14'E 98.37' I/2" . C )IRS IM S COPPELL ROAD (A VARIABLE W~rDTH ROW) POINT OF BEGINNING EXHIBIT 'A' ! 2°44'59"W 17.07' (CM)=CONTROL MONUMENT BEARINGS SHOWN HEREON ARE BASED ON THE SOUTHERLY LINE OF THE ROBERT H. STATON, JR.& DAVID M. STATON TRACT OF LAND AND THE EXISTING NORTHERLY RIGHT-OF-WAY LINE OF COPPELL ROAD BEING NORTH 86°33'11'' WEST COPPELL ROAD PROJECT RIGHT-OF-WAY ACOUISITION BEING A PORTION OF ROBERT H. STATON, JR.& DAVID M. STATON VOL 83093, PG. 3413 D.R.D.C.T. ,.~ll UAI F'D IN i HI:. B.B.B.& C.R.R. SURVEY ABSTRACT N0.1772 CITY OF COPPELL DALLAS COUNTY. TEXAS PROJECT:COPPELL ROAD FILE:P:\ 98\ 98-024\EXHIBIT\ROWTAKE6.DGN JOB NO=CA~ 98-024 ~ DRAWN BY:RWB DATE:FEBRUARY 1999 PAGE=I OF 2 SCALE :1"=60' B.B.B. & C.R.R, SURVEY, ABSTRACT N0,1772, DALLAS COUNTY, TEXAS LYNDON M. HODGIN R.P.L.S. TEXAS NO. 4584 LGarcla & Associates EnEIneerlnl~, Inc. 99O92 03389 EXHIBIT "A" RIGHT-OF-WAY PARCEL METES AND BOUNDS DESCRIPTION BEING 0.2795 of an acre tract of land situated in the B.B.B & C.R.R. Survey, Abstract No. 1772, the City of Coppell, Dallas County, Texas and being a portion of a called 7.2 acre tract of land described to Robert H. Staton, Jr. & David M. Staton by deed recorded in Volume 83093, Page 3413, Deed Records of Dallas County, Texas (DRDCT), said 0.2795 acre tract of land being more particularly described as follows: BEGINNING at the ~t, ll~~e~said Staton tract of !and and being in the existing northerly right- of-way line of Coppell R~l[~i~l~le width right-of-way); tlC T THENCE North 86°33'11" West along the southerly line of said Staton tract of land and the existing northerly right-of-way line of said Coppell Road, a distance of 950.00 feet to a point for the southwest corner of said Staton tract of land; THENCE North 19°51'1 l" West along the westerly line of said Staton tract of land, a distance of 13.61 feet to a ~/2 inch iron rod set for corner in the proposed northerly right-of-way line of said Coppell Road; THENCE South 86°3Y I I" East, along said proposed northerly right-of-way line, a distance of 823.54 feet to a V2 inch iron rod set for a point of curvature of a curve to the left having ~ radius of 975:00 feet; THENCE easterly along said proposed northerly right-of-way line and along: said curve to the left through:: a' central angle of 02°08'03'', for an arc distance of 36.32 feet and a chord beating of~Sot~h87'37' 13" and a chord distance of 36.32 feet to a 1/~ inch iron rod set for the point of tangencyi ' -" THENCE South 88°41'14" East, continuing along said proposed northerly right-of-way lln~, a di'~tance of 98.37 feet to a V2 inch iron rod set in the easterly line of said Staton tract of land; THENCE South 12044'59'' West along the easterly line of said Staton tr to the POINT OF BEGINNING; . CONTAINING a computed area of 12,177 square feet or 0.2795 of an acre of land. Sheet 2 of 2 99092 03390 J55 PARKWAY m. vl) P 0 Is)x 478 STATE OF TEXAS COUNTY OF DALLAS I hereby certify this ieslmllieet we flied on the dat~ and tim stamped hereon IIF me end was duly recorded in the volume and qe of the naa14d licefib el Dallas Coonl~. TIgt&T Is stamped MAY 1:~ 1999 ~COUNTY CLERK, Dallas County, Texas CITY OF COPPELL Post Office Box 478, Coppell, Texas 75019~0478 INVOICE DATE INVOICE NO. REMARKS 5-07-99 ST98-01-C0 EASEMENT ~ ~:i~:: :~ACCOUNT: 618-620-603-5210 (972) 462 - 0022 AMOUNT 47,858.00 '~Y' ~ The City with a Beautdul Future ~,~,/"' ~l" RO. Box 478 Coppell, Texas 75019 '/~ 972-462-0022 PAY********47,858 DOLLARS AND 00 CENTS TO THE ORDER OF COPPELL MOBILE HOME PARK 14522 CYPRUS POINT DR DALLAS TX 75234 FROST NATIONAL BANK 79806 CHECK NO. 079806 Che~k Date 05-07 -1999 PAY THIS AMOUNT *'***47,858.00 VOID AFTER IO DAYS RO. Box 478 Coppell, Texas 75019 972-462-0022 June 1, 1999 Robert H. Staton, Jr. 14522 Cyprus Point Drive Dallas, Texas 75234 Re: Coppell Road Project #ST 98-01 Dear Mr. Staton: The dashed area adjacent to Coppell Road represents right-of-way previously acquired by the City of Coppell and TxDOT. The net acreage on this site is 5.872 acres (255773 sq. ft.) Because of the acquisition of the Callejo right-of-way, the earliest that construction could start on Coppell Road will be approximately the middle or end ofhly 1999. If you have any questions please ca11.972/304-3679. Sincerely, Kenneth M. Griffin, P.E. Director of Engineering/Public Works -I-~iimon W. Freese, P.E. 1900-1990  arvin C. Nichols, P.E. 1896-1969 FREESE" NICHOLS TO: CRy of Coppell 255 Parkway Blvd. Coppell, Texas 75019 ATTENTION: Kenneth Griffin, P.E. We are sending you X Attached [] Under Separate Cover VIA the following items: [] Plans [] Specifications [] Shop Dwg. [] Reports [] Diskette(s) [] Other COPIES DESCRIPTION 1 Original Boundary Survey 4 Copies LETTER OF TRANSM1TTAL DATE: May 26, 1999 PROJECT: CPL98447 3.1 Coppell Road Staton Boundary Survey Courier - 2 hour These are transmitted for your: x Use [] Review &Comment [] Approval x Distribution to Parties [] Record [] Other [] Response Remarks: We apologize for the delay. I will submit for ADA review and TxDOT permit once the check and form 1023 are ready. Please call me with any further requests. Copies to: By: Kevin Young FREESE AND NICHOLS ® 1341 W. MOCKINGBIRD LANE, SUITE 230E · DALLAS, TEXAS 752474922 TELEPHONE: 214-920-2500 · FAX: 214-920-2565 April 20, MEMORANDUM To: Jennifer Armstrong, D' t of Finance From: Jim Witt, City Manage Subject: b' e m ' During a i r of the Coppell Mobile Home Park, it came to my attention that the water bill was paid by the residents. As part of the City's efforts to assist with the relocation of the tenants, I have determined that the current amount of the water bill will be the Water and Sewer Funds contribution toward that effort. If you have any questions or need further documentation, please do not hesitate to contact me. Thanks, by: FREESE &.NZCHOLS FREESE - NICHOLS Architcclurc 2149202565 21~"~)2565 03/25/99 IF"'gAM Job 245 Page 1 1341 W. Mockingbird Lane, Suite 230-E, Dallas, Texas 75247-4922 214/920-2500 · FAX214/920-2565 · www.freese.com FAX TRANSMITTAL SHEET Aviation Constructkin Management Dams & Spillways Drainage Electrical Engineering Enx:ironmcntal Science Fire Protection Flood Management l.~vces & Canals Mechanical En~ineerm~ Piptime Design Plumhin~ Design Pump SLation Design Rcmcdiu~on Site Development Streets & Highways Structural Engineering Telecommunications [Jdiides Solid Waste Facilities Water Resource Planning Wmcr 'Fr~nsn~ssion Systems ~m" F T To: ~V~ Fax No.: From: Date: Total number of pages, including transmittal sheet: Charge: C-PL q g t4 t_( '7 COIll ITt eFl [S: If there is a problem receiving any pages, please call KathD,n at 214/920-2500. Sent by: FREESE & NICHOLS 2149202565 03/25/99 I I :00AM EXHIB I T 'A ' JoD 245 1"-60' Page 2/3 / / ................. ,~: ~ ~=~-~' ~ --~... ,:~:~'~"=: ' ~_,/2~ ~sas-33'l i 'E 823.54 588'4 i't 4"E 98.37' _ .................................... ~ NSG'33' I I "W 950.00' ~ S J 2~44 59"W LINE OF THE ROBERT 14. STATON. JR. · DAVID M. COPPELL RO~ PROJECT RIGHT-OF-WAY ~GUISITION BEING A pORTION OF :'~- ':. ROBERT H. STATON. JR. & n ,.. DAVID M. 5TATON '~' "" VOL. 83093, PG. J~13 D~:.T. SITUATED IN THE ~5TR~T NO. 1772 CITY OF COPPELL L. YNDON M. HODGIN D~L~ C~NTY, TEX~ R.P.L .S. ~EXAS NO- 4584 ~;";PROJEC I ~ COPPELL ROAD :'~_E: P;\ 96'- 98_024\EXHIBIT\ROWTAKE6.DGN NO: GAff 98024 ~ LI'E.; F't:E~RtlAR~ 19~9 PAGE: I OF 2 ..~.~'.6. & C.R.R. SURVEY, ABSTRACT NO. 1772, DALLAS COUNTY, TEXAS ,~:...~ ~ , TI" T' T ]~1 DRAWN BY:RWB SCALE =l"=GO' Gatcia & Associates Eragineerlni], I FREESE & NICHOLS 2149202565 03/25/99 11:01AM Job 245 EXHIBIT "A" RIGI-tT-OF-WAY PARCEl, METES AND BOLrNDS DESCRIPTION BliiNC; 0.2795 of an Itcrc Iract of land situated in tile B.B.B & C.R.R. Survey, Abstiact N{o. 1772, Ihe City of Cc~pF~cll, Dallas County, Texas and being a portion of a called 7.2 acre tract of land described to Rt~bcrt I [. ,.~talc~n. Jr_ & David M. Staton by deed recorded in Volulne 83093. F'age 34 13. I:)eed P, ecords of Dallas Courtly, Texas (I) RDCT), said 0.2795 acre iract of land being more parlicularly described as follows: I]U.(}INNIN(; at the ~southeast corner o1" said Statoa tract ~f land and being in the existing northerly right- of-way line ot'Coppcll Road (a variable width right-of.-v.,ay); TI-tliNCli North 86°33, I 1" ~,Vest along tile soulherly line of said Staton tract of land and Ihe existing nt>rtherly right-of-way line cff said CopI~ell Road. a distance of 950.00 feet tt~ a point for the south',vest cc~rncr ~l' said Staton tract of land; TIIENCE North 19°51'11' West along the westerly line of said Stattnx tract of land, a distance of 13.61 fi~c.~ to a t,,i inch ir¢~rl rod set for corner in the proposed northerly righl-of-w:'ty line of sqid Coppell l~toad; 'I'!Ii~NCli South 86°33'1 I' East, along said proposed nt,>rthcrly right-of.-way line, a distance o1' 823.54 feet to a n/2 inch irwin rod set for a point of curvature of a curve to the left having a radius of 975.00 tibet; TEIENCE easterly along said proposed northerly right-of-way line and along said curve to the !eft through a central angle of 02°08'03'', i~r an arc distance of 36.32 feet and a chord bearing of Sotlib 87°37, lY' East and a chord distance ol' 36.32 feel to a Va inch iron rod sel for tile point of rangehey; TliENCE South 88°41, 14" East, continuing along said proposed northerly right-of-~,ay line. ;I dislance c3l' 9~.37 feet lc~ a V2 inch irc~n rod set in the easterly line of said ~tatc~n traGt c~l' ianc[; "I'HENCI:i South 12°44'59" West along the easterly line of said Sialon trace of land, a distance t~t' 17.07 feet tile PC)IN"I' OF BEGINNING; CONTAINING a tonipuled area of 12, 177 square feet or 0.2795 of an acre of land. Page 3/3 Sheet 2 of 2 Sent by: FREESE &'NZOHOL8 FBEESE - NICHOLS Architecture Ariadon Construedon Managcmertt Dams & Spillways Drainage Electrical Engineering Enviromnental Science Fire Protection Flood Management Levees & Canals Mechanical Engineering Pipeline Design Plumbing Design Pump Station Design RemediaLion Site Development Streets & Highways Structural Engineering Telecommunications Utilities Solid Waste Facilities Water Resource Planning ,~"' Water Transmission Systems 2149202565 21~'T32565 02/23/99 r'*"¢AM Job 461 Page 1 1341 W. Mockingbird Lane, Suite 230-E, Dallas, Texas 75247-4922 2141920-2500 · FAX214/920-2565 · www. freese.com FAX TRANSMITTAL SHEET To: Fax No.: ~/~- ,,t0~- !55,7o From: Date: Total number of pages, including transmittal sheet: Charge: OPt q8 Y~ 1 B./ Comments: T ~4. vt' rert,,i,d a'~.~4' _ J' ~;t -,/r/,; /9~F.,,~. i~;, /,~$ If there is a problem receiving any pages, please call. Kathryn at 214/92I)~2500. i't- O 6~ // 0 [_ 0 O} ~i:!::.28-ent by: FREESE & ,NZCHOLS 2149202565 02/23/99 FRX N0.: ' " FACSIMILE TRANSMISSION ~9 To; Keyin Young : OrganSlotion-. Freese & N~, Inc. RE: Date: Job MESSAGE: Staton Properly on Coppell Road Feb. 11, 1999 2 page(s) including this pass G&A # g9-024 8:36AM Job 461 Page 3/3 Mar. 22 1998 0:[: 50PH P1 Kevifi: Wetl, I think, between TxDOT and myself we have finally resolved the alignment of Coppetl Road and SH 121. The re,quits are not what was originally shown on the right-of-way map for $H t21, but I think this configuration is the best fit for the intent of the etaton tracfs deed. t have attached a drawing ol the property and right-d-way lines along with the coordinates for the property comers. ! will jusl intersect the new right-of-way line that you have oaleulated with these new property lines to generate the acquisition map and description for the S~tofl tract. t am waiting on a call from the City of Coppall Concerning the Mansions by the Lake tract and fie GTE piat. 1 should be abhe to get you all of the signed and sealed documents early next week. I had planned on getting you everything but the maps and descriptions on the Staton tract, the Mansions by the Lake tract and the GTE tract, but Tdsh has Robert busy on fie Wih3ox project today and i can't get those plotted. I will oall you first thing MondaW morning when I get back from vacation- Fr~lt the deck Lyndon M. 'Bud" Hodgin, RPLS Director of Surveying Garcia & Associates Engineerir~, ,nc. 6850 Manhattan BIrd., Suite 900 Fort Worth, Texas 76120 Tel: 817/446-1 BOO Fax: 817/448-1113 COPPELL, TEXAS 75019 P.Q Box 478 CoppelI, Texas 75019 972-462-0022 February 11, 1999 Ron Thomas Joe Foster Company 900 One Lincoln Center 5400 LBJ Freeway Dallas, TX 75240 RE: Coppell Road ST 98-01 / Robert Staton property on Coppell Road Dear Mr. Thomas: Enclosed please find copies of the following construction plan sheets: PV-8, PV-9, PV-10, SD-6, WA-9, WA-10 & WA-11. The PV sheets are of the paving plans adjacent to your property. The SD sheets are the storm drainage plans adjacent to your property and the WA sheets are the water line plans adjacent to your property. It should be noted that there are several 8" stub-outs north to the Staton property. Also, included with this information is a draft copy of an Economic Development Grant. This is a sample format that has previously been prepared by our city attorney. If you believe that the Economic Development Grant is a mechanism that we can work toward to get the dedication of the right-of-way please let know. I will then contact the city attorney to finalize an Economic Development Grant, which once fmalized by you would then be taken to City Council for approval. Because of the need to get Coppell Road constructed prior to the end of 1999, the City of Coppell is on an expedited scheduled. Therefore, any assistance you can give in responding back to me in a timely manner would be greatly appreciated. If you should have any questions concerning these issues please feel free to contact me at your convenience. Sincerely, Kenneth M. Griffin, P.E. Director of Engineering and Public Works DRAFT February 11, 1999 STATE OF TEXAS COUNTY OF DALLAS ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This Economic Development Incentive Agreement ("AGREEMENT") is made by and between the City of Coppell, Texas ("CITY"), and . ("OWNER"), acting by and through their respective authorized officers. WITNESSETH: WHEREAS, the enhancement of the local economy is in the best interest of the citizens of the CITY; and WHEREAS, economic development incentives encourage businesses and companies to locate or expand operations in the CITY; and WHEREAS, the CITY has adopted programs for promoting economic development incentives; and WHEREAS, the CITY is authorized pursuant to Section 380, Texas Local Government Code to provide economic development incentives; and WHEREAS, OWNER owns property generally north of Coppell Road and east of S.H. 121 ( ) acres of land located in Coppell, Texas described in Exhibit "A" attached hereto (the "PREMISES"); and. WHEREAS, the CITY intends to construct Coppell Road (the "IMPROVEMENTS") across the southern portion of the PREMISES which will require the dedication of fight of way; and WHEREAS, OWNER has advised the CITY that a contributing factor that would induce OWNER to dedicate right of way so the CITY can construct the IMPROVEMENTS would be an agreement by the CITY to provide an economic development incentive to OWNER to defray a portion of the cost to be incurred as a consequence of developing the PREMISES and locating within the CITY; and Economic Development Incentive Agreement - Page 1 ss22695 WHEREAS, the CITY has found and determined that making a conditional economic development incentive grant to OWNER in accordance with this AGREEMENT will further the objectives of the CITY and will benefit the CITY and its inhabitants. NOW THEREFORE, in consideration of the foregoing, and on the terms and conditions hereinafter set forth and for other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: ARTICLE I Tei'm 1. This AGREEMENT shall commence on the date on which all parties hereto have' executed this AGREEMENT and continue tmtil the satisfaction of Paragraphs 2 and 3 by the parties. ARTICLE II Economic Development Grant 2. Subject to OWNER'S continued satisfaction of all the terms and conditions of this AGREEMENT, CITY agrees to provide the following economic development grant: CITY agrees to provide OWNER a credit against current and future roadway impact fees to be assessed against the PREMISES as a result of the future development of the PREMISES, in an mount up to the roadway impact fees that will be due and payable upon development of the PREMISES, not to exceed the value of the right of way necessary firom the PREMISES for the construction of Coppell Road. The total right of way required firom the PREMISES is 0.4492 acres (19,567 square feet). The agreed upon value is $ per square foot for a total credit against current and future roadway impact fees of $ for the PREMISES. The parties agree that the CITY shall not be required to pay a refund in cash or cash equivalent for any portion of such credit or waiver to OWNER or any other party. Conditions to Economic Development Grant 3. OWNER shall dedicate right of way (0.4492 acres) necessary for the construction of the IMPROVEMENTS immediately upon approval of this agreement by the City Council of the City. In no event will the CITY be financial responsible for costs that exceed the amount of the credit for the roadway impact fees. Economic Development Incentive Agreement - Page 2 ss22695 ARTICLE lII Termination 4. In the event OWNER fails to meet any of the conditions of this AGREEMENT, then CITY shall give OWNER written notice of such failure, and if OWNER has not cured such failure within thirty (30) days after receipt of such written notice, this AGREEMENT subject to the provisions of Paragraph 8 below, may be terminated by the CITY without further notice. ARTICLE IV Recapture of Grant 5. In the event OWNER fails in the performance of any of the following conditions: (i) dedication of the right of way in accordance with this AGREEMENT or in accordance with applicable State or local laws, code or regulations; (ii) has any delinquent ad valorem or State sales taxes owed to the CITY (provided OWNER retains the right to timely and properly protest such taxes or assessment); (iii) upon the occurrence of an "Event of Bar~cmptcy or Insolvency"; or (iv) breaches any of the terms and conditions of this AGREEMENT, then OWNER, after the expiration of the notice and cure periods provided above, shall be in default of this AGREEMENT. For purposes hereof, an "Event of Bankruptcy or Insolvency" shall mean the dissolution or termination of OWNER's existence, insolvency, appointment of receiver for any part of OWNER's property and such appointment is not terminated within sixty (60) days after such appointment is initially made, any general assignment for the benefit of creditors or the commencement of any proceedings under any bankruptcy or insolvency laws by or against OWNER and such proceedings are not dismissed within sixty (60) days after the filing thereof. As liquidated damages in the event of such default, OWNER shall, within thirty (30) days after demand, pay to the CITY an amount equal to the total economic development incentive grant provided by the CITY consisting of the total dollar amount of credit/waiver of roadway impact fees theretofore provided for the PREMISES. The paxties acknowledge that actual damages in the event of default would be speculative and difficult to determine. ARTICLE V MISCELLANEOUS No Conflicts of Interest 6. The CITY represents and warrants that the PREMISES or any adjacent property upon which the IMPROVEMENTS is to be located is not owned by any officer or employee of the CITY. Economic Development Incentive Agreement - Page 3 SS22695 Binding Agreement 7. The terms and conditions of this AGREEMENT are binding upon the successors and assigns of all parties hereto. This AGREEMENT may not be assigned without the express written consent of CITY. Limitation on Liability 8. It is understood and agreed between the parties that OWNER, in the dedication of the right of way and satisfying the conditions of this AGREEMENT, is acting independently, and the CITY assumes no responsibilities or liabilities to third parties in connection with these actions. OWNER agrees to indemnify and hold harmless the CITY f~om all such claims, suits, and causes of actions, liabilities and expenses, including reasonable attomey's fees, of any nature whatsoever' arising out of its respective obligations (but not the obligations of the CITY or other party) under this AGREEMENT. 9. It is acknowledged and agreed by the paxties that the terms hereof are not intended to and shall not be deemed to create any partnership or joint venture among the parties. The CITY, past, present and future officers, elected officials, employees and agents of the CITY do not assume any responsibilities or liabilities to any third party in connection with the development of the PREMISES. In addition, OWNER acknowledges and agrees that there shall be no recourse to any of the aforesaid parties, who shall incur no liability in respect of any claims based upon or relating to this AGREEMENT. Authorization 10. This AGREEMENT was authorized by City Council, authorizing the undersigned to execute this AGREEMENT on behalf of the CITY. 11. OWNER represents that it has full capacity and authority to grant all rights and assume all obligations that it has granted and assumed under this AGREEMENT. Notice 12. All notices required by this AGREEMENT shall be addressed to the following, or other such party or address as either party designates in writing, by certified mail, postage prepaid or by hand-delivery: Economic Development Incentive Agreement - Page 4 SS22695 flintended for OWNER, to: (insert address) flintended for CITY, to: City of Coppell, Texas Atm: City Manager 255 Parkway Boulevard P.O. Box 478 Coppell, Texas 75019 Entire Agreement 13. This AGREEMENT is the entire AGREEMENT between the paxties with respect to the subject matter covered in this AGREEMENT other than the Tax Abatement Agreement. There is no other collateral oral or written AGREEMENT between the parties that in any manner relates to the subject matter of this AGREEMENT, except as provided in the Exhibits attached hereto. Governing Law 14. The validity of the AGREEMENT and any of its terms and provisions, as well as the rights and duties of the paxties, shall be govemed by the laws of the State of Texas; and venue for any action conceming this AGREEMENT shall be in the State District Court of Dallas County, Texas. Amendment 15. parties. This AGREEMENT may be amended by the mutual written agreement of the Legal Construction 16. In the event any one or more of the provisions contained in the AGREEMENT shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invatidity, illegality, or unenforceability shall not affect other provisions, and the AGREEMENT shall be construed as if such invalid, illegal, or unenforceable provision had never been contained in it. Economic Development Incentive Agreement - Page 5 3322695 17. The provisions of this AGREEMENT are hereby declared covenants nmning with the PREMISES and are fully binding on all successors, heirs, and assigns of OWNER who acquires any right, title, or interest in or to the PREMISES or any part thereof. Any person who acquires any fight, title, or interest in or to the PREMISES, or any part hereof, thereby agrees and covenants to abide by and fully perform the provisions of this AGREEMENT with respect to the right, title or interest in such PREMISES. RECORDATION OF AGREEMENT 18. A certified copy of this AGREEMENT shall be recorded in the Deed Records of Dallas County, Texas. RECITALS 19. The recitals to this AGREEMENT are incorporated herein. EXECUTED on this day of ,1999. CITY OF COPPELL, TEXAS ATTEST: By: CANDY SHEEHAN, MAYOR By: KATHLEEN ROACH, CITY SECRETARY APPROVED AS TO FORM: By: PETER G. SMITH, CITY ATTORNEY EXECUTED in duplicate originals this the __ By: Name: Title: Economic Development Incentive Agreement ~ Page 6 day of ,1999. SS22695 CITY'S ACKNOWLEDGMENT STATE OF TEXAS § COUNTY OF DALLAS § This instrument was acknowledged before me on the __ day of , 19 , by Candy Sheehan, Mayor of the City of Coppell, Texas, a Texas municipality, on behalf of said municipality. My Commission Expires: Notary Public, State of Texas Economic Development Incentive Agreement - Page 7 SS22695 OWNER'S ACKNOWLEDGMENT STATE OF TEXAS COUNTY OF DALLAS This instrument was acknowledged before me on the day of 19__, by of ., on behalf of said corporation. My Commission expires: Notary Public, State of Texas Economic Development Incentive Agreement - Page 8 ss22695 EXHIBIT "A" DESCRIPTION OF PREMISES EXHIBIT ,, ~.,~ I/2" l i"W 13.61' L=36.32' ',1 · 9.~,." CHB=587°37' 13"E CHD=36.32'~ ~ ,. ~S86~33'~ I'~ 823.5~' 2 S88~41'I4"E 98.37' ~" 950.00,° '1 I"W EXHIBIT 'A' S 12°44'Sg"W R~ ~QUISITION COPPELL ROAD ~.o~' 0.2795 ACRE ~ A VARIABLE WIDTH ROW ) 12,177 SO. FT. POINT OF BEGINNING ~ EXHIBIT 'A' BEARINGS SHOWN HEREON ARE BASED ON THE SOUTHERLY LINE OF THE ROBERT H. 5TATON, JR. & DAVID M. STATON TRACT OF LAND AND THE NORTHERLY RIGHT-OF-WAY LINE OF COPPELL ROAD BEING NORTH 86'33'11' WEST COPPELL ROAD PROJECT RIGHT-OF-WAY ACQUISITION BEING A PORTION OF ROBERT H. STATON, JR,& DAVID M. STATON VOI... 83093. PG. 3413 D.R.D.C.T. SITUATED/N THE B.B.B. & C.R.R. SURVEY ABSTRACT N0.1772 CITY OF COPPELL DALLAS COUNTY, TEXAS PROJECT: COPPELL ROAD F I LE' pz \ 98\ 98-024\EXH I B I T\ROWTAKEG. DON JOB NO: CAtt 98-024 DRAWN BY: RWB DATE: FEBRUARY I, 1999 PACE: I OF 2 SCALE: 1"'=60' B.B.B. & C.R.R. SURVEY, ABSTRACT NO. 1772, DALLAS COUNTY, TEXAS LYNDON M. HODG I N R.P.L.S. TEXAS NO. 4584 LJ~Garcia & Associates Engineering, Inc. EXHIBIT "A" RIGHT-OF-WAY PARCEL METES AND BOUNDS DESCRIPTION BEING 0.2795 of an acre tract of land situated in the B.B.B & C.R.R. Survey, Abstract No. 1772, the City of Coppell, Dallas County, Texas and being a portion of a called 7.2 acre tract of land described to Robert H. Staton, Jr. & David M. Staton by deed recorded in Volume 83093, Page 3413, Deed Records of Dallas County, Texas (DRDCT), said 0.2795 acre tract of land being more particularly described as follows: BEGINNING at a point for the southeast corner of said Staton tract of land, same being on the northerly right-of-way line of Coppell Road (a variable width right-of-way); THENCE North 86033' 11" West along the southerly line of said Staton tract of land and the northerly right-of-way line of said Coppell Road, a distance of 950.00 feet to a point for the southwest corner of said Staton tract of land; THENCE North 19°5 l'l 1" West along the westerly line of said Staton tract of land, a distance of 13.61 feet to a V2 inch iron rod set for corner; THENCE South 86°33'1 l" East, a distance of 823.54 feet to a 1/2 inch iron rod set for a point of curvature of a curve to the !eft having a radius of 975.00 feet; THENCE easterly along said curve to the left through a central angle of 02o08'03'', for an arc distance of 36.32 feet and a chord of South 87 ° 37'13" East, 36.32 feet to a V2 inch iron rod set for a point of tangency; THENCE South 88°41'14'' East, 98.37 feet to a V2 inch iron rod set in the easterly line of said Staton tract of land and the northerly right-of-way line of said Coppell Road; THENCE South 12044'59'' West along the easterly line of said Staton tract of land, a distance of 17.07 feet to the POINT OF BEGINNING; CONTAINING a computed area of 12, 177 square feet or 0.2795 of an acre of land. 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