Riverchase development, etc.CITY,MANAGER
August20, 1990
City (kxm~il
City of Coppell
P.O. Box 478
Coppell, Texas
75019
Ladies and Gentlemen:
First Gibraltar Bank, FSB, (the "Bank") is the c~ner of approximately 300
acres of land located in the city of Coppell, Dallas County, Texas (the
"Property"). ~ne Bank has entered into a contract to sell the Property to
W.G. Thompson, Trustee ("Purchaser"). The Bank understands that Purchaser
has or is about to file an application with the City to change the
existing zoning classification of the Property.
Provided the zoning change does not take effect until after the conveyance
of the Property fr~m the Bank to Purchaser, the Bank has no objection to
the proposed zoning c~e. As there are a number of contingencies to the
pending sales contract, the Bank can give no assurance that the sale will
be consu~nated. If it is not, the Bank may not desire to have the
Property rezoned at this time.
Sincerely,
First Gibraltar Bank, FSB
Senior Vice President
First Gibraltar Bank, FSB 13401 North Freeway Houston, Texas 77060 713-872-0475
ln~ured By The FDIC
-- "-'-~"~' 2 3 4 5 6 7 8 9 1 0
February 25, 1985
D
G
City of Coppell
City Hall
616 South Coppell Road
Coppe!i, Texas' 75019
A .... : . Ron Ragland, City Manager
Re:
Riverchase, a master planned community
Dear Mr. Ragland:
We are certainly eaaer to proceed forward with our creation
of Riverchase as a master planned 9olf course community on
the 600 acres described in our zoning application. We at
~=.__~- Land Develomment Co. have concluded that it is verv~
important for us to establish Riverchase as a fine quality
master planned community as the highest and best use of the
property. To be able to accomplish this, we have volunteered
a number cf things tc assure the development will be a unique
facility we can ali be proud of.
~ = volun-
Please 1~ this let~o~ confirm ~h_ items that we are
reefing and that we feel are important to our master planned
community. Terra will deed restrict the property to ensure:
!) Creation of a green belt linear park with paved hike
and bike trails and exercise stations under the existing
electric power lines;
21 Reclamation cf the f!oodway/f!oodmiain areas to oermit
the uses in our development Dian;
3) Minimum size of SF-0 units ~c be 1~400 square feet;
4) Screening walls alon~ MacArthur Boulevard at the SF-9
and MF tracts; and
5) Landscaping along interior loop street.
Terra will provide at Terra's expense:
1) A landscaped, irrigated entryway at Coppell, consistent
with the standards of the streetscape plan at the east
entrance to the City along Belt Line Road;
2) Irrigated landscaping along the southerly railroad
right of way and Belt Line:
EXHIBIT "B"
T E R R ;%
Te~a L~nd Dev~oDmen! Comoany
Two Lincol~ Centre, Sure 1370
5420 LEkl Freeway
Dallas, Texas 75240
Page Two
Mr. Ron Ra~iand
February 25, 1985
One half the funding for the construction of the inter-
section of MacArthur and Belt Line in accordance with
the streetsca~e alan;
Completion cf MacArthur through the property with land-
scaping, in 5rcordance with the streetscape plan; and
Landscaping along south side of Sandy Lake Road adja-
cen~ ~o prouertv in accordance with the streetscape
plan.
To assure that Rive-rkase will be created and maintained as a
fine master planned community no mat~er who the owner or owners
may be we also volun-~=~ the following:
No building 5ermits will be issued for construction on
the portion cf the property east of MacArthur Blvd.
until approvsL by ~he voters of Dallas County of the
bonds for imcrovement of Belt Line Road south of the
property, ccr. c!etion of the reclamation of the property
in accordance with the reclamation plan approved by the
U. S. Army CorDs of Engineers, and approval of the rail-
road crossinc for MacArthur Blvd. by the St. Louis and
Southwestern Ka±!road. If the railroad fails to approve
the crossin~ for ~,~acArthur Blvd. and the City of Coppei!
undertakes ccLdemna%ion proceedings for such purpose,
Terra Land De-,~eiooment Co. will reimburse the City for
~
5ts expenses and attorneys fees in connection with such
condemnation.
Bu=iding perri5s will be issued for no more than 25%
cf allowable s-ructures east of MacArthur Blvd. prior
to comp!eticr, cf the golf course construction.
Terra will al5 a second access road to Belt Line Road
from the prc~ersy tc be lecated east of MacArthur Boule-
var~ as soon 5s apprcva! for such crossing is obtained
from the St. Louis and Southwestern Railroad.
Height an~ size of buildings on the MF-! Trac~ fronting
cn Sandy Lake Road would be limited to single story
duplex for tk= ~st 80 feet from the drainage ditch
and to one s~rry quadraplex for the next 120 feet.
Terra Land Development Co. will install traffic signals
at its expense at the intersection of Belt Line Road
and MacArthu- 31vd. upon completion of the construction
of the new ~-~
...... section.
Page Three
Mr. Ron Ragland
February 25, 1985
6)
Terra Land Development Co. will initiate a mailer at
its expense tc residents in Coppell describing the
decrease of pcssible multi-family units permitted in
Coppell over the past few years.
7)
Terra Land Development Co. will at its expense also
install irrigasion sprinklers and landscaping along
the portion of ~4acArthur Blvd. north of the Lesley
properuy and ur tc Sandy Lake Road as it does so for
that portion cf MacArthur Blvd. across the subject
property.
We remain excited abcut being involved in the good things that
are happening in Coppeil. We still feel that people who are
unaware of the cualit-.- cf development in the City of Coppe!l
will be surprised with the developments over the next few years.
We appreciate all the help and support we have received from
Coppe!! citizens and look forward to our future development.
Thank you.
Sincerely,
TERR3% LAND DE%rELOPMt~NT CO.
BV:
Jay Patterson, President
JP/sa!
NDI
NATHAN D. M^IER
CONSULTING ENGINEERS, INC.
August 29, 1990
Ms. Tan/on Bowman
City of Coppell
255 Parkway Blvd.
Coppell, Texas 75019
Re.'
Riverchase Zoning Revision
NDM No.: 89-10-118
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:
1. The creation of a green belt linear park with paved hike and bike track and exercise stations
under the existing electric power lines.
2. Screening walls along Mac, Arthur 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).
3. Landscaping along interior loop streeL (Riverchase Drive - Tract Developers along this street
must still meet landscaping standards as required by the City's Streetscape Ordinance at plat-
ting).
4. A landscaped, Irrigated entryway at Coppell, consistent with the standards of the Streetscape
plan at the east entrance to the City along Belt Erie Road. ·
5. Irrigated landscaping along the southerly railroad fight-of-way and Belt Une Road.
6. 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).
7. 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) 739-474!
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
~~///~jCONSUL~NGINEERS.
Mike Daniel, P.E.
INC.
CMD/rdp