ST9401WA-CS 980122COPPELL, TEXAS 75019
Beal Mortgage, Inc.
15770 N. Dallas Pkwy., Suite 902
Dallas, Texas 75248
P.O. Box 478
Coppell, Texas 75019
972-462-0022
January 22, 1998
RE: Denton Tap Road Water Line Project (# ST 94-01 WA)
Dear Sir:
This letter is written as a follow-up to our conversation concerning the future roadway impact
fees associated with this property. I have consulted with our attorney Peter Smith, with Nichols,
Jackson, Dillard, Hager & Smith, concerning the proper way to handle this matter and have been
instructed that it can be easily handled by virtue of a letter from myself. My understanding of
our conversation was that in signing the contracts both parties needed assurances that the future
calculations of roadway impact fees will be based on fees in place as of the date of the contract,
January 13, 1998.
Please be advised that any calculations of roadway impact fees associated with the 22 acre
commercial tract of land owned by Beal Mortgage, Inc., located at the northwest corner of
Denton Tap Road and S.H. 121 will be made in accordance with fees in place as of January 13,
1998. Those fees have been established by Ordinance 95-685, amended by Ordinance 96-735,
amended by Resolution 010996.2, and amended by Resolution 031296.2. The last action on
current roadway impact fees was taken to Council on March 12, 1996. All fees associated with
current roadway impact fees are contained in the City of Coppell Roadway Impact Fee Study
Methodology and Results prepared by JBM Engineers and Planners dated October 1994.
The above shall serve as a rider to the original Development Agreement as approved by City
Council on January 13, 1998.
If you have any questions please feel free to contact this office at (972)304-3679.
Director of Engineering and Public Works
Jim Witt, City Manager
Clay Phillips, Deputy City Manager
Peter G. Smith, City Attorney
file/st9401Foeal.doc