Freeport NIP(7.5)-CS011211Duke
CONSTRUCTION
December 11, 2001
Mr. Ken Griffin, P.E.
Director of Engineering Public Works
255 Parkway Boulevard
P.O. Box 478
Coppell, TX 75019
Dear Mr. Griffin:
Jeff Tumer and I met with you several weeks ago to clarify the process by which impact fee credits
that Duke accrued by building an extension of Freeport Parkway will be applied in the future to our
Freeport North at Freeport Parkway development. I realized while reviewing some notes recently that
I had not summarized our discussion in writing, so this letter is intended to outline our mutual
understanding of the issue.
Duke built the Freeport Parkway extension through an economic development incentive agreement
with the City of Coppell, and that agreement, which is dated October 30, 2000, stipulated that Duke
would receive impact fee credits toward future development totaling $593,936 in exchange for our
construction efforts. Some questions arose during the development of our Freeport IX project
regarding the allocation of the credits toward specific projects, and that prompted our meeting to
discuss the process. We agreed in our meeting that the full amount of any roadway impact fees that
would otherwise be due for buildings in our development will be waived until such time as the
cumulative amount of the credits totals $593,936.
A situation may arise in which some amount of credit remains and the roadway impact fee calculated
for a new building exceeds the available credit. In such a case, the difference between the calculated
fee and the remaining credit will be the amount of roadway impact fee actually due for the building.
Once the balance of $593,936 in credits is exhausted, full roadway impact fees calculated according
to the impact fee ordinance in effect at the time will be due for additional buildings.
As of this date, Duke has completed construction on Freeport IX, the first building within Freeport
North at Freeport Parkway. The full amount of the $178,080 roadway impact fee due for the building
was waived according to the agreement described above, so our remaining credit balance is
$415,856.
Please let me know if your understanding of how we will allocate these credits in the future varies
from what I have outlined herein. We look forward to working with you more as we progress with this
development, and we thank you for all of your efforts to help us to this point.
Sincerely,
DUKE CONSTRUCTION
Brook Barefoot
Development Services Manager
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