Shadow Woods-CS 900807TO:
CITY, OF COPPELL
255 PARKWAY BLVD.
P. O. BOX 478
COPPELL, TEXAS 75019
(214) 462-002R
DATE~_~_: ~0 i PROJECT:
WE ARE SENDING YOU [~ Attached
] Mark Up Plans
] Copy of Minutes
] Change order
[ ] Under Separate Cover via the following items:
[ ] Plans [ ] Prints
[ ] Copy of Letter [ ] Specifications
COPIES DATE NO. DESCRIPTION
THESE ARE TRANSMITTED as checked below:
[~] For Your Use
[ ] As Requested
[ ] For Review & Com~ent
[ ] Returned for Corrections
[ ] Resubmit__.Copies for Approval
[ ] Return Corrected Prints
REMARKS:
[ ] Approved as Noted
[ ] Approved as Submitted
[ ] Note & Reply To:
[ ] Note & Forward To:
[ ] Submit .Copies for Distribution
[ ] Return Markup Plans with Corrections
CITY OF COPP~LI,
For and in consideration of the mutual covenant8 ami agreO,~nts herein
contained, the City of Coppell hereinafter called "City' and Ce~tez
l~tate Corporatlcel herainatter called
follows, to-wit:
WliEREAS, the curr~t City policies
'Developer', do hereby agree as
Ordinance Appandix A,
install major public
Section 17) require that in new areas, a Developer
improvements where required In or adjacent to said addition. Developer
has elected to develop 8hadOwWOods Estates,an Addition in the City of
Coppell, Dallas County, Texas. In lieu of the developers obligation to
construct their 1/2 of the paving and d~aina~e ingr~v~ant8 on Coppell
Road, along their frontage (see ab/bit l), Developer egress to place in
escrow $90,070.00 for the construction of aforesaid major public
improvements. This dollar amount being based on the current pro rata
charges estimated at $100.00 par front foot cost for the improvements for
a four (4) lane undivided thoroughfare as previously discussed herein.
TliEREFOR~, the Developer does hereby deposit $90,070.0Q, which will be
held in the sole na~e of the City in an interest bearing account to draw
interest at the current rate. No withdrawals shall be made until such
time as the above mentioned improvements are made. After co~pletion and
acceptance of the above mentioned improvements by the City, the difference
between the escrowed funds (original amount escrowed plus accrued
interest) and the actual cost shall be refunded to the Developer. In the
event that actual cost of above mentioned improvements exceed the emcrow~d
funds (original amount escrowed plus accrued interest) the Developer will
be assessed the difference. Payable within ten (10) days of notice.
THE CITY may issue Building Permits on the aforesaid property without the
requirement of the aforementioned improvements, and upon deposit of Escrow
Funds described herein.
Signed and Executed this the 27t;h day of Ot~ly
19 89
Developer
North Dallas Division President
Centex Real Estate Corporation
Mayor
Attest
City Secret&r~
SHADOW WOODS ESTATES
~N ADDmON TO THE CI1Y OF