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Park West CC(4)-CS 991005~~ k, (,(J(a ~ Cpn,,,vGtte Cir.fw ~~r ~x•Z ,13~~~kz MEMORANDUM FROM THE DEPARTMENT OF ENGINEERING To: Jim Witt, City Manager ~~,~~~ From: Mike Martin, P.E., Asst. City Engineer Iry! ~'"~ Date: October 5, 1999 RE: MJ Design Roadway Impact Fees On June 5, 1996 a letter was mailed to Michael E. Nuzum, with Dupey Management Corp., (MJ Design) BSSigning Roadway Impact Fee credits of $250,000 t0 the easternmost 51.3722 acres of the approximately 67 acres of real property comprising Lot 2, Block 2 of the replat of Black 1 and 2, Parkwest Commerce Center. The letter stated that the credits could be used for the 51.3722 acres, allowing a 75% reduction of Roadway Impact fees assessed for any development on the property. This past year MJ Design sold 16.206 acres of the undeveloped portion of their lot. The portion of the lot they sold was not included in the origina151.3722 acres, which were given an Impact Fee credit of $250,000. In reading the June 5'~ letter, the second paragraph stated that at the time of any specific development on the remaining property the possibility of obtaining similar Impact Fee credits would be considered. Since the proposed development is similar to the other developments i.e., warehouse use, please consider this property fora 75% reduction toward the Roadway Impact Fee. Phase I Assessed Roadway Impact Fee $43,147.83 75010 credit 32.360.87 Reduced Fee $10,786.96 Phase II Assessed Roadway Impact Fee $49,480.80 75% credit 37.110.60 Reduced Fee $12,370.20 The total credit for this development amounts to $69,471.47 or $69,500. If you ar a le to this 75% Roadway Impact Fee reduction please sign and return to me or ~y~any questions please call. City Manager "CITY OF COPPELL ENGINEERRVG -EXCELLENCE BY DESIGN"