ST9902-ES050106
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THE.CiTY.OF
COPPELL
January 6, 2005
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Henry M. Billingsley
Crow/Billingsley Investment Company
4100 International Pkwy, Suite 1100
Carrollton, TX 75007
RE: Property at S.H. 121 and Sandy Lake Road
West Sandy Lake Road Project # ST 99-02
Dear Mr. Billingsley:
Attach to this letter is a draft of a Development Agreement that covers the acquisition of right-of-
way, drainage and temporary slope easements from your property. As we discussed, on the
bottom of page two and the top of page three, there is language in the Development Agreement
which states that in the event the credit exceeds the amount of the Roadway Impact Fees
assessed, or if no Roadway Impact Fees are assessed, then the city will be obligated to pay any
such remaining credits in cash or cash equivalent to the Billingsley 121 Coppell, or its successors.
The full financial obligation to Billingsley 121 Coppell, or it successors, will be a total amount of
$331,380. This amount will be provided by a 100% Roadway Impact Fee offset until the amount
is used. If there are remaining funds, once the property is fully developed, any remaining
amount that has not been credited against Roadway Impact Fees will be paid to Billingsley 121
Coppell, or its successors.
If you should have any questions or need any additional information please feel free to contact
me. If not, I look forward to you reviewing the attached agreement and providing input back to
me. If you concur with the agreement, then it will take council action for final approval. Thank
you for your consideration of this matter.
Sincerely,
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Kenneth M. Griffin, P.E.,
Director of Engineering / Public Works
Office 972/304-3686
Fax 972/304-7041
E-mail kl!.riffin((i;ci.coppcl1.tx.us
255 PARKWAY * PO BOX 9478 * COPPELL TX 75019 * TEL 972/4G2 0022 * FAX 972/304 3673