Park West CC(4)-CS 960605
The City With A
P.O. Box 478
Copped, Texas 75019
Mr. Michael E. Nuzum
Dupey Management Corporation
500 Airline Drive
Coppell, Texas 75019
Beautiful Future
Re: Roadway Facilities Impact Fee Credit
Dear Mike:
June S, 199b
P.O. Box 478
Copped. Texas 75019
214.462.0022
The City has completed our assessment of our existing Resolutions and Ordinances relating to Roadway
Impact Fees. Based on this assessment, we are hereby assigning Roadway Impact Fee credits of
$250,000 (the "Credits") to the easternmost 51.3722 acres of the approximately 67 acres of real
property comprising Lot 2, Block 2 of the Replat of Block 1 and 2, Park West Commerce Center
Addition to the City of Coppeli, Dallas County, Texas (which 67-acre tract was recently sold by Dupey
Management Corporation to the Northwestern Mutual Life Insurance Company). These credits may
be utilized for that 51-acre tract at the time that a building permit is applied for. It is at that point that
the City will make an assessment for the Roadway Impact Fees, and the Credits can be utilized by the
developer of that 51-acre tract in offsetting up to 7596 of the impact fees due at the development stage.
If the development of the 51-acre tract occurs in stages, the Credits may be used a portion at a time
although the portion of the Credits to be used in connection with any particular development stage may
not in any event exceed 7596 of the impact fees due at that stage.
Furthermore, it is my understanding that your company has retained certain reacquisition rights to
approximately 16 acres of the b7-acre tract described above (such lb-acre tract representing the
westernmost portion of the b7-acre tract). At the time that any specific development is planned for the
16-acre tract, you may feel free to contact me about the possibility of obtaining similar impact fee
credits for the 16-acre tract, although the amount of such credits, if any, would naturally depend in part
on the nature of the intended development, the amount of the anticipated impact fees, and City
ordinances and policies in effect at that time.
If you have any further questions or comments, please don't hesitate to contact my office.
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ity Manager
cc: Ken Griffin
Pete Smith
Mayor Morton