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ST9301-ES030106Terry Holies Holies Builders, Inc. 1406 Halsey Way Suite 100 Carrollton, TX 75007 COPPEEE Januaxy 6, 2003 RE: Sandy Lake Road Project #ST 93-01(MacArthur Blvd. to east city limits) Parcels 9, 9SE, 9DE, 10, 10SE, & 10DE Dear Mr. Holmes: This letter is written as a follow-up to my April 25, 2002 letter concerning the acquisition of right- of-way from your property located along Sandy Lake Road. Our records indicate that you are the owner of what is shown as Parcels 9 and 10. These two parcels combined have approximately 360 feet of frontage along Sandy Lake Road. In order to accomplish the construction of Sandy Lake Road it is necessary to acquire right-of-way and slope easements from both parcels and additional drainage easements. Generally the amount of right-of-way to be acquired is slightly over five feet adjacent to the existing Sandy Lake Road right-of-way line. Drainage easements are necessary to collect water from your side of Sandy Lake and discharge it into a system in Sandy Lake Road. The total amount of right-of-way to be acquired from parcels 9 and 10 is 1,033 sq. ft. The total amount of drainage easement to be acquired is 1,350 sq. ft. and the slope easement is 14,854 sq. ft. The slope easement overlaps the drainage easement. Therefore, the portion of the slope easement to be compensated for is calculated by subtracting out the area of drainage easements 9DE and 10DE (see below). 9SE 9367. square feet 10SE +5487. square feet 9DE -435. square feet 10DE -915. square feet Total Slope Easement 13,504. square feet Because drainage easements encumber portions of the property beyond the construction, the City of Coppell offers a greater value for the drainage easements. Therefore, they are broken out in the calculations so that a higher dollar amount can be attached to them. Along this section of Sandy Lake Road the City of Coppell has been offering $2.00 per square foot for the right-of-way. Typically easements are acquired at one-half the value of the right-of-way and slope easements are acquired at one-fourth the value of the right-of-way. It should be noted that the slope easements are not permanent easements. They only allow us the right to grade from the new roadway section to the natural ground to create a gentler slope that is easier to maintain. The slope easements are not filed with Dallas County and once the project is complete they no longer are valid. 4- 3--03; 5: 15PM;HOLMES BUILDERS INC. ;972 242 2931 1 This letter constitutes an offer from the City drainage, and slope easements as follows: : of the 1. Acquisition of permanent fight-of-way at $2.00/sq. ft. x 1,033 sq. ft. 2. Acquisition of temporary slope easements at $0.50/sq.ft. x 13,504 sq.ft. 3. Acquisition of drainage easements at $1.00/sq.ft. x 1,350 sq.fl. $2,066.00 $6,752.00 $1,350.00 Total $10,168.00 The City of Coppell is currently in the process of selling bonds to begin construction of this project in the June of 2003. Therefore, it is imperative that we acquire the necessary right-of-way as soon as possible. With this letter I have provided copies of right-of-way, drainage and slope easemems. If you should need any additional clarification please contact me at 972/304-3686. If the above offer is acceptable please sign below and return to me. Once I have received the letter, I will start the process for payment of the $10,168.00. When the check has been processed we can arrange a mutually agreeable time to meet to notarize the documents in exchange for the check. Thank you for your consideration of this request. Sincerely, K~nrl~'~e thf Gl~'ii ffi n, P.E. Director of Engineering/Public Works Terry Holmes. Holmes Builders Terry, I inadvertently added the drainage easement to the slope easement on my,dpri125, 2002 letter. This letter has the correct quantities. Sorry for the confusion. This letter constitutes an offer from the City of Coppell for the acquisition of the right-of-way, drainage, and slope easements as follows: 1. Acquisition of permanent right-of-way at $2.00/sq. ft. x 1,033 sq. t~. 2. Acquisition of temporary slope easements at $0.50/sq.ft. x 13,504 sq.ft. 3. Acquisition of drainage easements at $1.00/sq.ft. x 1,350 sq.ft. $2,066.00 $6,752.00 $1,350.00 Total $10,168.00 The City of Coppell is currently in the process of selling bonds to begin consWuction of this project in the June of 2003. Therefore, it is imperative that we acquire the necessary right-of-way as soon as possible. With this letter I have provided copies of right-of-way, drainage and slope easements. If you should need any additional clarification please contact me at 972/304-3686. If the above offer is acceptable please sign below and retum to me. Once I have received the letter, I will start the process for payment of the $10,168.00. When the check has been processed we can arrange a mutually agreeable time to meet to notarize the documents in exchange for the check. Thank you for your consideration of this request. Sincerely, K(2th~. G~h ~n, P.E. Director of Engineering/Public Works In Agreement Terry Holmes, Holmes Builders Terry, I inadvertently added the drainage easement to the slope easement on my April 25, 2002 letter. This letter has the correct quantities. Sorry for the confusion. Ken