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Applicant's submittal letterMagnolia Investment Properties, Inc. February 16, 1988 City of Coppell P.O. Box 478 Coppell, Texas 75019 RE: Century Park, Denton Tap Road, Coppell, Texas To the Planning and Zoning Commission: As set out in the attached diagrams and the required plans and documents which we are submitting with this letter, we wish to seek your approval for: 1. A zoning change 2. A preliminary plat. The zoning change to Light Industrial use is required for: Parcel A: 71.28 acres in Coppell Parcel B: 69.70 acres recently annexed by Coppell The previously approved use for Parcel A was: 51.88 acres for multifamily residential use 19.493 acres for retail use 27.707 acres for office use 30.45 acres for park area Parcel A has now been severed by the Right of Way for proposed SH 121 and its frontage roads, an area of approximately 27.8 acres for which we are not seeking zoning approval. Parcel B to the north, previously in L~ wisville, was zoned Light Industrial. We understand that it has been ~nnexed by Coppell as agricultural land. We wish to have the same zoning on this parcel as previously, but, as it is now in Coppell, this represents a new zoning for the area. We also wish to seek your approval for a variance to the Floor Area Ratio for Light Industrial use for 47.4 acres fronting on SH 121 and on the expanded Denton Tap Road. On these frontage lots (shown on the attached plan), we also wish to apply for an F.A.R. of 4:1 for the following reasons: 8 Greenway Plaza, Suite 950 · Housto/~, Texas 77046 · 713/963-0334 City of Coppell February 16, 1988 Page Two 1. Increased visibility and accessibility deriving from the introduction of a major highway (SH 121) and the expansion to six lanes of Denton Tap Road supports the more intensive use of these lots. 2. A higher F.A.R. will encourage the development of more substantial buildings at this important entry into Coppell from the west and north. As property owners, we have committed to donate and develop a 30.45 acres park for the City of Coppell and are now being requested to donate the Right of Way for SH 121 to the State (in total, more than 25% of our property). We, therefore, find it necessary to intensify the use of the remaining land to achieve a viable project. We trust that you will look favorably upon this application as we wish to proceed with the development, which we are convinced will be an important physical and fiscal asset to the City of Coppell. Very truly yours, James C. Niver JCN/so Enclosures