Billingsley 121-CS 940103Mr. C.W. Kendall III
Kendall Land Corporation
5526 Dryer Street//232
Dallas, TX 75206
P 0 Box 478
Coppe[f. Texas 75019
214-462-0022
Janu,q~/3, 1994
RE: Escrow Requirements
Dear Mr. Kendall:
This letter is written as a follow-up to several conversations you have had with Gary Sieb, Taryon Bowman,
and myself concerning your escrow requirements if you plat the property located at the southwest intersection
of Royal Lane with Thweatt Road. When property is platted, the City requires the construction of the street
or in cases where that is not feasible, the payment into escrow of an amount equal to the developer's share of
the cost of the improvements. That cost is evaluated periodically and is listed in our Fee Ordinance. Both
Thweatt Road and Royal Lane are shown as future C4-D/6 thoroughfares. This requires an escrow payment
of $160 per foot of frontage.
It is my understanding that you are prop(,3ing to preliminary plat the entire parcel of property and possibly final
plat about 8 acres along the southern part or about 5 acres along the northwest corner, generally bounded by
Thweatt Road and S.H. 121. Taking each case separately, the following would be the escrow requirements:
Final plat the southern 8 acres of the tract adiacent to Royal Lane. This would require the construction
of Royal Lane, including any drainage or utilities to the northern boundary of the final plat and then the
transition from that point back to the existing two lane section of Royal Lane.
Final plat 5 acres in the northwest corner. This would require the payment of escrow for the portion of
the property adjacent to Thweatt Road. There would be no escrow requirement for the portion of the
property adjacent to S.H. 121. Currently, the City of Coppell is working on a Roadway Impact Fee
Ordinance which will take the place of our escrow policy. It is anticipated it will be completed and
brought to Council for approval sometime in the spring or summer of 1994. Depending on the status of
the platting, this could affect the property in question.
If you should have any additional questions concerning this matter please feel free to contact me at your
convenience.
Sincerely,
Kenn~eth M. Griffin, P.E.
City Engineer
cc: Gary Sieb, Director of Planning
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