Change of ownership letterNDIvl
NATHAN D. MAIER
CONSULTING ENGINEERS, INC.
August 29, 1990
Ms. Taryon Bowman
City of Coppell
255 Parkway Blvd.
Coppell, Texas 75019
Re:
Riverchase Zoning Revision
NDM No.: 89-10-118
LIBI .... ' .... ,
Dear Ms. Bowman:
When this project was originally zoned in February of 1985, the appraised value of the property was very
high. This was due in part to the fact that North Texas was enjoying a broad based real estate boom that
most observers expected to continue. It was also a function of the relatively high density at which the
property was expected to develop.
The level of appraised value at that time allowed the original developers the latitude to be able to make
certain commitments to the City for infrastructural and landscaping improvements that were to be com-
pleted at the Developer's expense. These commitments were enumerated in a letter to the City that
was incorporated into the final amending ordinance.
The reality of today is very different than what was foreseen in early 1985. This has led to the request
currently being considered to reduce dramatically the proposed density of this project. This reduction
in density along with the general collapse in real estate values makes It impossible for a new developer
to honor any of these commitments which have not yet been met.
These commitments include the following:
The creation of a green belt linear park with paved hike and bike track and exercise stations
under the existing electric power lines.
Screening walls along MacArthur Blvd. at the SF-9 and MF tracts. (Tract Developers must still
meet landscaping standards as required by the City's Streetscape ordinance at platting).
Landscaping along interior loop street. (Riverchase Drive - Tract Developers along this street
must still meet landscaping standards as required by the City's Streetscape Ordinance at plat-
ting).
A landscaped, irrigated entryway at Coppell, consistent with the standards of the Streetscape
plan at the east entrance to the City along Belt Une Road.
5. Irrigated landscaping along the southerly railroad right-of-way and Belt Une Road.
Landscaping along south side of Sandy Lake Road adjacent to property in accordance with the
streetscape plan. (This will also be the responsibility of the individual tract developer at platting).
Terra will add a second access road to Belt Une Road from the property to be located east of
MacArthur Blvd. as soon as approval for such crossing is obtained from St. Louis and South-
western Railroad. (This refers to Fairway Drive. Fairway is now on the City's Thoroughfare Plan,
and the responsibility for its completion should be that of the tract developer of the adjacent
tract at platting).
Three NorthPark/8800 N. Central Expwy./Suite 300/Dallas, Texas 75231/(214) 739-4741
Ms. Taryon Bowman
August29,1990
Page 2
The other commitments made in the February, 1985, letter have either been met previously or will
become moot with the proposed zoning change.
In summary, it is the intent of this letter that no special requirements are connected to Riverchase by
virtue of any zoning ordinance. This request in no way is intended to exempt this property from the
normal requirements of the City's comprehensive ordinances as they are universally applied during the
platting process.
Please accept this as a formal request on behalf of our client, Bill Thompson, in connection with the
current zoning case.
Sincerely,
NATHAN D. MAIER
CONSULTIN(~ ENG INEERS~
Mike Daniel, P.E.
INC.
CMD/rdp