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Coppell Industrial-CS001016October 16, 2000 Mr. Jim Witt City Manager City of Coppell 255 Parkway Blvd. Coppell, TX 75019 RE: Impact Fee Credits Dear Mr. Witt: Thank you and the City of Coppell for considering our request for credits against certain impact fees for our contribution of future right-of-way for Bethel Road. The granting of the $109,000 credit per your October 11, 2000 letter (copy attached) will greatly assist in helping make this development competitive with other similar projects in this market. Per your request and in consideration of the granting of this credit, please allow this letter to confirm that the owner of this approximate 100-acre property, CP-Coppell Industrial~ Ltd., agrees to plat the balance of this site by October 11, 2002 (two years from the granting of the credit). Once again, Champion Partners thanks you, Ken Griffin, Gary Sieb, Clay Phillips and the rest of the city's staff for its concerted efforts to assist us in developing this property. We also look forward to a continuing relationship with the City of Coppell. Since.relay, Stephen M. Golding Senior Partner SMG:cc cc: Clay Phillips Ken Griffin Jennifer Armstrong Gary Sieb 15601. ~ Parkway Suite 100 Ackkson. Texas 75001 T H E · C I T Y * 0 F COPPELL October 11, 2000 Steve Golding Champion Partners 1560 Dallas Parkway, #100 Addison, Texas 75001 RE: Impact Fee Credits Dear Mr. Golding: After reviewing your request of October 2 with our City Engineer and legal staff, we will be in a position to credit you $109,000.00 regarding the contribution of approximately of 1.87 acres of land to the City for future right-of-way for the expansion of Bethel Road. While this entire area has not been platted, the City will go ahead and extend this credit to you at this time. At the present time, .86 acres have been dedicated with Lot 1, Block A of the Coppell Industrial Addition. We will be ready to credit the balance of 1.01 acres at the same $1.34 a square foot, provided that you sign an agreement that states that your platting shall occur within two years from the date of this letter. We feel that this particular process will not only be beneficial to Champion, but also to the City by claiming this Impact Fee credit request at this time. With regard to the $93,960.00 request for the improvements made on Bethel Road, our present Ordinance does not allow for any credits to be provided. Since those additional costs were assumed by Champion so that they could utilize Bethel Road in the first stages of your development phase, costs are not eligible. If you have any questions regarding this decision, please do not hesitate to contact me. We look forward to working with Champion Partners in efforts that involve their Coppell property. Please contact Ken Griffin or myself if you have any comments regarding this letter. JW:kb cc: Clay Phillips Ken Griffin Jennifer Armstrong MEMORANDUM FROM THE DEPARTMENT OF ENGINEERING To: Jim Witt, City Manager From: Date: Ken Griffin, P.E., Director of Engineering/Public Works October 4, 2000 Impact Fee credit request from Champion Partners On October 2, 2000 Champion Partners provided a letter requesting an impact fee credit in the amount of $190,800 for their development. That number was arrived at based on the value of right-of-way dedicated along Bethel Road and the contribution by Champion Partners of $93,960 toward the improvements on Bethel Road. The question presented is how much of an actual credit can they be provided to offset their roadway impact fees for their proposed 600,000 square foot building. The first item to discuss is the $93,960 contributed toward Bethel Road. The letter provided from Champion is somewhat misleading as it stated that they made the contribution to the City for current and future improvements to Bethel Road. As you may recall, the contribution made by Champion was strictly for Champion's benefit. The City of Coppeil had an active contract to repave a portion of Bethel Road and was approached by representatives of Champion to "beef up" the section of Bethel Road from Royal Lane east approximately 800 feet. This was strictly for Champion's benefit to allow them to access a proposed driveway so that they could bring truck traffic into their development. Again, the $93,960 contributed was strictly for Champion's benefit and has no carry over benefit to reduce the cost of the future improvements to Bethel Road. Therefore, my opinion is that no credit can be allowed for the $93,960 to offset roadway impact fees. The second item that Champion is requesting credit for is for right-of-way dedication. While they did preliminary plat their entire tract of land and the preliminary plat shows a future dedication of 1.87 acres, the only land that has been final platted with a dedieation of right- of-way is what is referred to as Lot I, Block A Coppell Industrial Addition. This is the western portion of their property. The right-of-way dedication associated with that final plat is about 0.86 acres or 37,595 square feet. The building to be constructed, of which they are requesting the offsetting roadway impact fee, is located on Lot 1, Block A. Their letter indicates that the cost of the property was $1.34/per square foot. Therefore, the value of the right-of-way dedicated with Lot 1, Block A Coppell Industrial Addition is $50,377. My opinion of the request is as follows: "CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN" 1. The $93,960 should not be considered in any offset credits because it was contributed solely for the benefit of Champion's development and it does not offset any costs associated with the construction of Bethel Road in the future. 2. The entire 1.87 acres of proposed right-of-way dedication should not be considered in this request because the entire tract of land has not been f'mal platted and all the right-of-way has not been dedicated to the City. 3. The 0.86 acres (37,595 square feet) of right-of way dedicated with Lot 1, Block A CoppeH Industrial Addition at a cost of $1.34/per square foot can be applied against the roadway impact fees assessed on Lot I, Block A Coppell Industrial Addition. Therefore, a total credit of $50,377 can be provided against the roadway impact fees for the 600,000 square foot facility to be constructed on Lot 1, Block A Coppell Industrial Addition. This analysis is in compliance with Resolution #031296.2, Section 4 and Ordinance g95-685. If you should have any questions about my approach to this request please feel free to contact me at your convenience. "CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN" 97~ 386+0600 00T-02-00 MON 0~:35 PM OHff ON P~RTNERS F~X NO, 9~ ~88+0800 P. 02/03 October 2, 2000 Mr. Jim Witt City Manager City of Coppell 255 Parkway Boulevard Coppcll, Texas 75019 RE: Champion Partner's Development at the Northeast Comer of Bethel Road and Royal Lane Dear Mr. Witt: As you know, Champion Partners, Ltd., through an affiliated parmership (CP-Coppell Industrial, Ltd.), acquired an approximate lO0-acre tract of land along the north side of Bethel Road, just cast of Royal Lane in the City of Coppell. Champion has worked very closely with city stall' to plau our proposed development of this site and we very much appreciate the assistance we have received from everyone we have worked with at the city. We look forward to a successful project that will benefit all parties. As part o~' the work already performed to initiate this development, Champion has contributed approximately 1.87 acres of its land to the city for future right-of-way for the expansion of Bethel Road. This land cost Champion a little more than $1.34 per square foot, or approximately $109,000. This figure represents cost and not the current value. In addition, Champion contributed $93,960 for the upgrade to construction of the improvements to Bethel Road that were made in the first quarter of this year by the city. The combination of thc right of way dedication and the road improvement contribution totals $202,960 that Champion has readily committed to the City of Coppell. We are now in the process of submitting our approved final plat for recording and applying for a building permit for our first 600,000 square foot project. Thc Roadway Impact Fcc assessed by the city for this project amounts to $190,800. In accordance with our previous discussions, CP-Coppell Industrial, Ltd. and Champion Partners, Ltd. hereby respectfally request that the City of Coppell allow a credit of $190,800 be applied toward the payment of this specific Roadway Impact Fee. We are requesting this credit due to the payments and contributions already made to the city for current and future improvements to Bethel Road. The city's cooperation with this request 15601 Da'~s Pa, kway 5uile I.(XI Add.n. Texan 75~101 97Z490-5600 FAX 972,'4g0-55e/9 w'~r~ ckaraI~m~pen nes% e~. 'OCT-02-OO liON 02:35 Pli CF~'"~ION PARTNERS FAX NO, ~ 388+0600 P. 03/03 Mr. Jim Witt October 2, 2000 Page 2 will help insure that wa can be competitive with other prospective buildings in the Metroplex when wa arc competing for a tenant. Thank you for your consideration of this request. If I can provide you with any additional information, please don't hesitate to ask. SMG:cc