DR8601-CN 860812STATE OF TEXAS
COUNTY OF DALLAS
COST SHARING AGREEMENT
WHEREAS, the condition of the Parkwood Subdivision drainage
channel in the City of Coppell and situated between Parkwood Sub-
division Sections I and II on one side and Parkwood Subdivision
Section III on the other side has deteriorated considerably since
its construction, and if improvements thereto are not made prompt-
ly it is anticipated that the deterioration will continue and
result in a substantial increase in the costs of making necessary
repairs and improvements; and
WHEREAS, the cause or causes for such unsatisfactory condition
has not been ascertained to the satisfaction of all parties inter-
ested in such channel, but four of the interested parties have a].l
agreed that it would be in the best interests of all concerned to
share in the costs of making necessary repairs and improvements;
Therefore, for and in consideration of the mutual agreement
of all of the other parties shown below, each of the parties hereto
hereby agree to pay 25% of the construction costs to line approxi-
mately 250 lineal feet of said channel and construct a concrete
spillway at the end thereof, together with the excavation, grading
and other miscellaneous costs generally included in the cost esti-
mate prepared by Espey Huston & Associates, Inc. dated August 8,
1986. Provided, that this Agreement is not intended to specifi-
cally compel the construction of exactly the improvements recom-
mended by Espey,Huston as Alternative 2 for Earthen Channel with
concrete bottom and the Concrete Spillway Structure as the Outfall
Alternative, but imprOvements of this general type and nature are
agreed to be improvements covered by this Agreement. Specific im-
provements shall be submitted to each of the Parties prior to the
letting of bids therefor and approval given if substantially dif-
ferent from the aforesaid Espey,Huston Report. Provided, that the
agreement to share the costs of said improvements shall be limited
to $60,000, or $15,000 per Party, save and except that the City of
Coppell and Coppell M.U.D. No. 1 shall share the engineering costs
incurred and the City shall bear the costs of seeding the slopes
of the Channel.
This Agreement shall not be deemed to be an admission of any
kind or type by any Party hereto that it admits to any responsi-
bility or liability for any of the damages to the Channel, and in
fact each Party expressly denies the same, but each Party has
freely entered into this Agreement solely for the purpose of
reaching a reasonable and prompt solution to a deteriorating type
of situation which could result in property damages to adjoining
property and affect the sa[ety of the res~denqs thereof.
-2-
If this Agreement is not executed by each of the Parties
hereto shown below in multiple duplicate copies, each of which
shall constitute an original, on or before Au~.u~t 15,
this Agreement shall be null and void as to any Party that has
executed this Agreement on or before that date.
In witness whereof, the Parties hereto have, by their
authorized representative, executed this Agreement.
CITY OF COPPELL, TEXAS
GENERAL H OME~~
~ichael S. Gavin, Vice President
COPPELL M.U.D. NO. 1
duly~
WISECO LAND DEVELOPMENT CO.