ST9302-CS 970620 MF~MORANDUM
FROM TIlE
DEPARTMENT OF ENGINEERING
To:
From:
RE:
Date:
Jennifer Armstrong, Finance Director
Ken Griffin, P.E., Director of Engineering & Public Works
Escrow Agreements/Roadway lmpact Fees
June 20, 1997
Thank you for providing me a copy of the most recent Street Escrow/Roadway Impact Fee
list. I have looked at the list in regard to what could be utilized to offset some of the cost
of Sandy Lake Road. I did notice that #59-Woodlands of Coppell and #61-Overton Bank
are both Roadway Impact Fees as opposed to Escrow. The Woodlands of Coppell is in
Zone 4 and Overton Bank is in Zone 2. Based on my review of the available Escrow and
the Roadway Impact Fees, it is my opinion that with the construction of Sandy Lake Road
we could utilize:
#15 Food Lion $44,138.71
#17 Everfine Gateway $120,372.26
#35 Fountain Park Add. $100,528.00
#86 Kroger $72,936.00
Roadway Impact Fees
#61 Overton Bank
Ashton Ridge
Papa John's
$4,169.57
$23,085.00
$1,378.10
Total $366,607.64
My only question about these funds is when we can actually utilized them against the
construction cost. If you should have any questions please feel free to contact me.
~le/kgrif~n/escrowmm.697
"CITY OF COPPELL ENGINEERING - EXCELLENCE BY DESIGN"