Channel Pointe-CS 901019 (2)October 19, 1990
The City With A Beautiful Future
/
/
Mr. Doyle R. Cameron
Cameron Development Company /
16250 Dallas Parkway, Sui~200 /
Dallas, Tx 75248 ~ ~
P.O. Box 478
Coppell, Texas 75019
214-462-0022
A final inspection of the above referenced project has been confirmed by
representatives of the City of Coppell Public Works Department.
Paving and utilities have been verified and are in compliance with the City of
coppell standard requirements. A one year maintenance bond for utility
construction and the as-built drawings have been received. An escrow check in
the amount of $6,250.00 (10% of paving construction cost) has also been
received in leu of a one year maintenance bond. Additionally, a letter of
agreement dated October 16, 1990, has been provided. (See attached). If the
letter of agreement is satisfactory to the City without the escrow check, it
will be returned to the developer within five (5) business days. However, if
the escrow amount is required, it will be deposited accordingly. The purpose
of the letter of agreement and/or escrow amount is to bind the developer to
the total cost of indemnity of the oblige (City of Coppell) against any loss
or damage directly arising by reason of any defect in the materials or
workmanship, which may be discovered within a one year period, with the
stipulation that the escrow money will be returned to the developer after the
one year period has expired.
Maturity on the bond, letter of agreement, and escrow will be one year from
the date of this letter (October 19, 1991).
Development Construction Inspector
cc:
steven G. Goram, Director of Public Works
M. Shohre Daneshmand, Acting City Engineer, P.E.
Frank Trando, Finance Director
Troy Glidewell, Fire Marshal
Dale Jackson, Building Official
CHANNELP.CLD
DUNCAN, I)ICK'~;()N & TAYLOll
. 16200 I)a]]as Parkway
Su ite ]60
Dallas, Te. xa s 75248
Octobe¥ ]6, ].990
Mr. Larry Davis
City of Coppell
P.O. Box 478
732 Deforest Road
Coppell, Texas 75019
Dear Mr. Davis:
Duncan, Dickson & Taylor, a Texas partnership, is the owner
of the subdivision known as Channel Pointe located in the City of
Coppell. Our firm has examined and accepted all the paving in the
Channel Pointe subdivision.
That we, Duncan, Dickson & Taylor, as principals, are held
and firmly bound unto the City of Coppell in the penal sum of
Six Thousand Two llundred Fifty-Four and no/100 Dollars ($6,254.00)
for t, he payment of which, we].], and truly to be made, we do hereby
bind ourselves by these presents.
Whereas, the pav:ing work [[or the Channel Pointe subdivision
has now been completed and accepted by the Ci. hy of Coppel].
Therefore, Duncan, DJckson & Taylor shall for a period of
one year from and after hhe [.0hh day of October, 1990, indemnify
the City of Coppe].l against any loss or damage directly arising by
reason of any defect Jn the mater.iai or workmanship which may be
discovered within I:he period afo~-esa~d, then this obligation sha].l
be vo:i.d.
LRT/ma
Larry R. '~ylor