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Mansions/PP-CS 970910COPPELL, TEXAS 75019 P.O. Box 478 Coppell, Texas 75019 972-462-0022 September 10, 1997 Western Rim Investors, L.C.C. P.O. Box 426 Colleyville, TX 76034 RE: Mansions by the Lake, Preliminary Plat and Site Plan Dear Madam/Sir: This letter is to inform you that the Mansions by the Lake, Preliminary Plat and Site Plan, to allow a mixed-use development containing 315 multi-family units, 14 single-family lots and park area on a 49.89 acre tract of land located along the east side of Coppell Road, approximately 967 feet north of Parkway Boulevard were approved by the Coppell City Council on Tuesday, September 9, 1997, subject to Engineering comments (attached) and the following conditions: Substitute all planting material not on the City's Plant Palette with ones that are approved in the Plant Palette listing. The City will purchase 10.85 acres of property for park land for the amount of $236,275 and will collect $186,490 in remaining park development fees, as outlined in Gary Sims' memo dated July 24, 1997 (copy attached). For your information, Council did not grant the Planning and Zoning Commission Final Plat authority. Consequently, your Final Plat submittal will need to be approved by both the Commission and Council. If you have any questions, please contact me at (972) 304-3675. erely,~; )irec[o_r. of Planning & Community Services :c: Washington & Associates Isabelle Moro, AICP, P&Z Coordinator Building Inspection DEVELOPMENT REVIEW' COMM ENGINEERING COMMENT', ITEM: Mansions by_ the lake, Preliminary Plat and Site' Plan, to allow a mired-use development containing 315 multi-fam~ units, 14 single fatuity tots and lmrk area on a 49.98 acre tract of rand located along the east side of Coppell Road, approxim~ely 967 feet north of Parkway Boulevard, at the request of Western Rim Investors, L.L.C. DRC DATE: .~uty $1, 1997 and August 7, 1997 CONTACT: Mike Martin, P.E., Assistant ~ Engineer 004-:1679) COMMENT STATUS: o~,~'r ra~r~ ov ~'~nr~ · ,/'REVISED AFTER P&Z Preliminary_ Plat Comments 1. The flood Study for Phase II must be approved prior to any fill in the 100 year floodplain. Date= To- From: Subject= LEISURE SERVICES DEPARTMENT [ ",: Park Board ~d City Council Gary D. Sims, Director~/ 10.85 Acres of Denton Creek Potential Parkl~d The Leisure Services Department has been in negotiations with the property owners of the new housing subdivision "The Mansions by the Lake" There are 10.85 acres of land that is available for park land. This tract be acquired as part of the developer's park development fees. The Developer will owe $422,765.00 in park development fees. He is prepared to sell this property for $236,275. This amount includes street access, extension.of the street to the property and the developers loss of residential lots caused by access (see the attached description of costs). The Park and Recreation Board has toured this site and the general consensus was favorable to pursue this property if possible. Staff recommends the highest and best use for this property would be for park and recreational uses. It is in the flood plain, and would be extremely difficult and expensive to be developed for residential or commercial uses. We have requested the developer to include this site in his FEMA flood plain study and to include several park amenities (picnic pavilion, playground equipment, basketball court, and sand volleyball courts) in the flood plain study model. Additionally, this site is located on the Hike and Bike Masterplan for the Denton Creek Trail. This site could be 1.-~ extremely useful addition to the park inventory for a community park, serving not only adjacent residents, it would have city wide appeal should it be developed to also serve large functions such as family reunions, parties, company picnics, etc. Should this offer be accepted, the city would still collect $186,490.00 in remaining park development fees, which could be used as matching funds for grant applications or placed in the Park Development Zone for other applications. If this property is not acquired prior to final platting of this subdivision, there will not be an opportunity for vehicular access. Staff recommends the purchase of this property. Sheet1 THE MANSIONS BY THE LAKE - COPPELL DEVELOPMENT CITY PARK COST ANALYSIS & LAND USE CHANGE REVISED JULY 17, 1997 DESCRIPTION OF COST 1. 10.85 Acres of Land for the park ~ $11,500 per acre 2. Pro-rata cost of Hydrologist, application to FEMA, survey, engr. $124,775 $4,000 MULTI-FAMILY COST $128,775 1. Cul-de-sac lot with Lake view lost due to thru road 1 lot ;~ development cost Premium on the lot 2. Cul-de-sac lot ~ LAKE V1EVV lost due to reconfiguration I lot premium for lake 3. True cul-de-sac lots lost due to recor~figuration 4 lots ~ $12,0(X) each ~ 50% of lost value (see provisions) 4. Lot value lost due to thru street 3 lots (~ $5,000 (see provisions) 5. Additional cost of grading, concrete street, and curb Approx. 110 foot extension 6. Extension road installed for Leisure Se~ices Developer will not make this improvement SINGLE-FAMILY COST $10,500 $o $107,500 TOTAL COST TO THE CITY PROVISIONS OF THE AGREEMENT ~.i The City agrees to have limited hours on the park The City agrees that upon the completion of park, it will be gated Fees are due as follows: 50% due at normal due date 50% due at first C.O. date or no later than June 15, 1998 Page 1