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ST9401-CS 970826The City With A Beautiful Future P,O. Box 478 Coppell, Texas 75019 214-462-0022 August 26, 1997 Thomas S. Palmer Vice President Facilities Management Presbyterian Healthcare System 8220 Walnut Hill Lane, Suite 700 Dallas, Texas 75231 RE: Denton Tap Road Dear Mr. Palmer: Mayor Sheehan and I appreciated the opportunity to visit with you on Monday afternoon regarding your future plans, as well as our plans for the reconstruction of Denton Tap Road. City Council will be issuing $3.2 million in Certificates of Obligation with the process for that issuance to begin October 14, the bonds to be issued and funds on hand in November. We anticipat~ a December bid-letting, with construction to begin shortly thereaRer. Based on our construction estimates, the project will take approximately between twelve and fifteen months to complete, depending on weather and any other unforeseen circumstances. When completed Denton Tap Road will be a six-lane, divided roadway, which would serve your facility as well as the developing areas north of Denton Creek within the City of Coppell. We look forward to working with you as you continue to evaluate the potential for a Presbyterian Healthcare System facility within the City of Coppell. We are excited about this potential addition to our community, and please do not hesitate to contact us at any time if we can be of assistance. e~l.~~.~ully, itt City Manager bcc Grif.lnfmeehan Clay Phillips