ST9601-CS 980226CATELLUS
February 26, 1998
Mr. Kenneth M. Griffin, P.E.
Director of Engineering and Public Works
City of Coppell
PO Box 478
Coppell, Texas 75019
RE: Dedication of Freeport Parkway and Wrangler Drive
Dear Ken:
Attached are executed Special Warranty Deeds coveting the conveyance of Freeport
Parkway and Wrangler Drive. Also, we have included an Exhibit "B' to the deeds
relative to exceptions to title and have made reference to same in the body of the deeds.
In reviewing the deeds, our attorney wanted to make it clear that in accepting the deeds,
the city is taking over maintenance, etc. In lieu of changing the deeds he suggested we
simply have a letter agreement for the City's signature when accepting the deeds.
Accordingly, please also find enclosed two letter agreements, in duplicate, for the City's
review and signature. If all is in order, please return one fully executed letter agreement
for each conveyance. I would also appreciate a copy of the fully recorded deeds when
available.
I have received a letter from, presumably, your office requesting Catellus acknowledge
the cost sharing arrangement between Catellus and PacTrust relative to the Wrangler
Drive construction. Accordingly, please accept this letter as Catellus' agreement with the
method of cost sharing calculation for the Wrangler Drive improvements. Catellus
further understands that the estimated cost to Catellus of $224,582 is an estimate and is
subject to adjustment depending on the outcome of the bidding process, but in no event
will the prorata cost to Catellus exceed $260,000.
I appreciate your help in getting the Freeport Parkway matter brought to a close and
should you have any questions concerning the above, please do not hesitate to give me a
call.
Sincerel[,
Director, Development
CATELLUS DEVELOPMENT CORPORATION
4545 FULLER Dmv~, SU~T~ 100, hv~No, T~..qs 75038 (972) 719-6101 FAX (972) 719-6149