PD171-CS000822/~---~/ /~ The City With A Beautiful Future
RO. Box 478
Coppell, Texas 75019
972-462-0022
August 22, 2000
Michael P. Webster
Senior Development Officer
Beck Realty Group
1700 Pacific Avenue, Suite 3800
Dallas, Texas 75201-4619
RE: GTE Assignment of Tax Abatement
Dear Mike:
Pursuant to our conversation on Monday afternoon, we feel that the assignment of the tax abatement
agreement to an affiliate or new party by GTE is allowable. Also, pursuant to Council approval, we are
comfortable with delaying the completion of building No. 2 until the end of 2001, with the construction to
be initiated no later than April 1,2001.
In order to expedite this transfer of the agreement and to allow the construction of building No. 2 to be
slightly delayed, please have GTE make a formal request in writing to me by September 1, 2000. We will
then process this through our Economic Development Partnership and the City Council for consideration.
If you have any other questions or comments, please do not hesitate to contact me. We look forward to
working with the Beck Group and your clients in completing a project that will be successful for all of us.
Res?~y,
/~fly Manager
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CC:
Mayor and Council
Clay Phillips
Economic Development Partnership
Gary Sieb
Chad Beach