Gatew-3.1/SP,FP-AG011113 T H E? · C ! 1' Y 0 I~
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AGENDA REQUEST FORM
· ~' ~ '~'~ '?~ ~~~~CITY COUNCIL MEETING: November 13, 2001 ITEM # ~
4 ,5 · ~ --
ITEM CAPTION:
Consider approval of a six-month extension for submission to the City for signatures the Gateway Business
Park No. 3, Lots i&IX, Block A, Final Plat.
SUBMITTED B~--~
TITLE: ~ning
STAFF COMMENTSW.' -
APPROVED
BY
CITY COUNCIL
DATE . //-/~-~!
and Community Services
Date of P&Z Meeting: N/A
Decision of P&Z Commission: N/A
Please see the attached letter from Trac Bledsoe dated November 6, 2001.
This Final Plat was approved by Council on May 8, 2001, subject to the following condition:
1) The attached letter dated April 2, 2001, outlining improvements to the
drainage channel on Lot iX.
If the extension is granted, this Final Plat would expire May 8, 2002.
Staff recommends approval.
DIR. INITIALS:. e~visi~. FIN. REVIEW.~
Agenda Request Form d }/00
CITY MANAGER REVIEW:
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O1 06:56p One Colinas Crossinc 872 868 0180 p.2
Nov
O6
F ACTRUST
Pacific Realty Associates, L.P.
11511 Luna Road, Suite 165
Farmers Branch, Texas 75234
972/831-9400 ° Facsimile: 972/869-0180
VIA FACSIMILE AND US MAIL
November 6, 2001
II0¥ -6 2001
Andrea Roy
City Planner
City of Coppell
255 Parkway Blvd.
PO Box 478
Coppell, TX 75019
Gateway Business Park
Park West Commerce Center Six and Seven
Dear Andrea:
Per our telephone conversation, I understand that our site plan submittal for the above
referenced project is due to expire. Due to deterioration of current market conditions, we
have decided to postpone the start of construction for this project until 2002. Our current
plans include aggressively pursuing pre-lease opportunities for these buildings as well as
actively watching market indicators to determine the most appropriate time to re-start
development.
I request an extension on our submittal for a period of six months to futher observe the
market for signs of recovery. Please advise at soonest opportunity if this is acceptable to
you and your office. Thank you in advaslce for your consideration.
Bledsoe
cc: Mike Nugent -- PacTrust
ATTACHED TO
C.C. PACKET
Mailing Address: R0. Box 59860 · Dallas, Texas 75229
www. PacTrust. corn