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ST9902-ES050303 .-- CRow/BILLINGSLEY INVESTMENT COMPANY 4100 INTERNATIONAL PKWY. SUITE 1100 CARROLLTON, TEXAS 75007 TEL: 972.820.0544 FAX: 972.820.0540 March 3, 2005 Mr. Kenneth G. Griffin, P.E. Director of Engineering/Public Works City of Coppel! 255 Parkway Coppell, Texas 75019 Re: Development Agreement on property at S.H. 121 and Sandy Lake Road, Project ST #99-02 Dear Ken: Enclosed please find three (3) executed, identical versions of the Development Agreement you provided earlier this week covering the acquisition of right-of-way, drainage and temporary slope easements from our property referenced above to be presented to City Council for their approval on April 12, 2005. Should the Agreement be approved and appropriate signatures obtained, please provide me with a fully executed original for our files. Henry Billingsley /br Enclosures