ST9905-ES020507May 7, 2002
Michele Wheeler
CP-Coppell Industrial, Ltd.
15601 Dallas Parkway, Suite 1130
Addison, TX 75001
T H E~ C I T Y · O F
COPi:'-ELL
RE: Tradepomt Industrial Park-Impact Fee Credits
Dear Michele:
This is a "heads-up" remmder of an impact fee condition Champion agreed to in late 2000. Review of the
agreement between the City and CP-Coppell Industrial, Ltd., regarding impact fee credits for Bethel Road
fight-of-way, indicates that further action must be completed by CP-Coppell Industrial, Ltd. by Fall 2002.
An impact fee credit agreement was approved by Jim Witt m October 2000, which granted CP-Copp~I1
Industrial, Ltd. a $109,000 roadway impact fee credit, with the condition that CP-Coppell Industrial, Ltd.
would plat the remaining balance of the site at Bethel Road by October 11, 2002 (two years from granting the
credit). As indicated in the attached documents, the $109,000 credit was based on the entire 1.87 acres being
dedicated as fight-of-way and only a portion (.86 of an acre) has been dedicated. Additionally, the two-year
time limit was derived in conjunction with the City's schedule for Bethel Road improvements in this area.
To address this condition, CP-Coppell Industrial, Ltd. may plat the remainder of the property as required, or
transfer the remaining 1.01 acres of needed fight-of-way to the City. If the needed fight-of-way is not
conveyed to the City, the $58,600 credit received for the portion of right-of-way that has not yet been platted
shall be remitted to the City.
Please inform us, as soon as possible, of your proposal to fulfill the conditions of the agreement. Should you
have any questions regarding this agreement, please feel free to contact me at (972) 304-3678 or via e-mail at
aro¥(~,ci, con,)ell.tx, us.
Sincerely,
City Planner ~_~
Enclosures
cc: Jim Witt
Ken Griffin
Jennifer Armstrong
File
255 PARKWAy 1~ PO BOX 478 ~ COPPELL TX 75019 i TEL 972/462 0022 ~{ FAX 9?2/304 36?3
~T-02-O0 MON 02:35 PM
~ ~8~+0600
CHA... ~ON PARTNERS
F~X NO,
9,~; $88+0800
P. 02/03
Octobcr 2, 2000
Mr. Jim Witt
City Manager
City of Coppcll
255 Parkway Boulevard
Coppoll, Texas 75019
RE: Champion Partner's Development at the Northeast Corner of Bcthel Road
and Royal Lane
Dear Mr, Witt:
As you know, Champion Panners, Ltd., through an affiliated partnership (CP-Coppell
Industrial, Ltd.), acquired an approximate 100-acre tract of land along the north side of
Bethel Road, just cast of Royal Lane in the City of Coppell. Champion has worked very
closely with city staff to plan our proposed development of this site and we very much
appreciate the assistance we have received from cveryone we have worked with at the
city. We look forward to a successful project that will benefit all panics.
As part of the work already performed to initiate this development, Champion has
contributed approximately 1.87 acres of its land to the city for future right-of-way for tho
expansion of Bethel Road. This land cost Champion a little more than $1.34 per square
foot, or approximately $109,000. This figure represents cost and not the current value.
In addition, Champion contributed $93,960 for the upgrade to construction of the
improvements to Bethel Road that were made in the first quarter of this year by tho city.
The combination of thc right of way dedication and the road improvement contribution
totals $202,960 that Champion has readily committed to the City of Coppell. We are
now in the process of submitting our approved finaI plat for recording and applying for a
building permit for our first 600,000 square foot project. The Roadway Impact Fcc
asscsscd by the city for this project amounts to $190,800.
In accordance with our previous discussions, CP-Coppcll Industrial, Ltd. and Champion
Partners, Ltd. hereby respectfully request that the City of Coppcll allow a credit of
$190,800 be applied toward the payment of this specific Roadway Impact Fcc. We am
requesting this credit due to the payments and contributions already made to the city for
current and future improvements to Bethel Road. Thc city's cooperation with this request
001"-02-00 ~ON 02:35
u~ ~ION P~RTNER~ F~X NO. ~
386+0800
P, 03/03
Mr. Jim Witt
October 2, 2000
Page 2
will hclp insure that we can be competitive with other prospective buildings in the
Mctroplex when we are competing for a tenant.
Thank you for your consideration of this request. If I can provide you with any
additiona! information, please don't hesitate to ask.
SMG:cc
COFFELL
October 11, 2000
Steve Golding
Champion Partners
1560 Dallas Parkway, #100
Addison, Texas '/5001
RE: Imact Fee Credits
Dear Mr. Oolding:
After reviewing your request of October 2 with our City Engineer and legal staff, we will be in a position
to credit you $109,000.00 regarding the contribution of approximately of 1.87 acres of land to the City for
future right-of-way for the expansion of Bethel Road. While this entire area has not been platted, the City
xi'ill go ahead and extend this credit to you at this time.
At the present time, .86 acres have been dedicated with Lot 1, Block A of the Coppell Industrial Addifign.
We will be ready to credit the balance of 1.01 acres at the same $1.34 a square foot, provided that you
sign an agreement that states that your platting shall occur within two years from the date of this letter.
We feel that this particular process will not only be beneficial to Champion, but also to the City by
claiming this Impact Fee credit request at this time.
With regard to the $93,960.00 request for the improvements made on Bethel Road, our present Ordinance
does not allow for any credits to be provided. Since those additional costs were assumed by Champion so
that they could utilize Bethel Road in the first stages of your development phase, costs are not eligible. If
you have any questions regarding this decision, please do not hesitate to contact me.
We look forward to working with Champion Partners in efforts that involve their Coppell property.
Please contact Ken Griffin or myself if youi~ave any comments regarding this letter.
JW:kb
cc: Clay Phillips
Ken Griffin
Jennifer Armstrong
October 16, 2000
Mr. Jim Witt
City Manager
City of Coppell
255 Parkway Blvd.
Coppell, TX 75019
RE: Impact Fee Credits
Dear Mr. Witt:
Thank you and the City of Coppell for considering our request for credits against certain
impact fees for our contribution of future right-of-way for Bethel Road. The granting of
the $109,000 credit per your October I 1, 2000 letter (copy attached) will greatly assist in
helping make this development competitive with other similar projects in this market.
Per your request and in consideration of the granting of this credit, please allow this letter
to confirm that the owner of this approximate 100-acre property, CP-Coppell Industrial,
Ltd., agrees to plat the balance of this site by October 11, 2002 (two years from th&
granting of the credit).
Once again, Champion Partners thanks you, Ken Griffin, Gary Sieb, Clay Phillips and the
rest of the city's staff for its concerted efforts to assist us in developing this property. We
also look forward to a continuing relationship with the City of Coppell.
SMG:cc
cc: Clay Phillips
Ken Griffin
Jennifer Armstrong
Gary Sieb
972/~0-5600 FAX 9~5599
ww~~com