Corners of C/Re-CS000627 T H £ C I T Y 0 F
COPPEL£
June 27, 2002
Mr. Arthur Walker
Rekaw Partnership, Inc.
675 Third Avenue
New York, New York 10017-5704
Dear Mr. Walker:
Over the past few years, we have observed the general deterioration of your Citi Center shopping
center, also known as Comers of Coppell. Citizens, Board and Commission appointees, Council
members, as well as the general citizenry, have expressed concern with your property. As a
point of information, we receive more comments regarding the condition and status of this
development than any other single parcel in the City. One of the reasons for its increasingly
alarming appearance is, of course, the fact that the center is vacant and has been for some years.
Because of our concern for the viability of the structure, we would offer to assist you in
marketing it to a successful new owner or establishing some new leaseholds. If you feel such
action would encourage activity on the property, we would be happy to discuss it with you.
We have been told that the property could be purchased, but we further understand a purchase
price between you and potential purchasers has not been successful. As we review our most
recent appraisal data (January of 2002), the Dallas County Appraisal District has placed a value
of approximately $3.3M on the center. In comparing this data with other local shopping centers,
and accounting for its vacancy, the Appraisal District values appear fair and reasonable.
Absent a successful marketing or sales endeavor, I advise you that we are beginning a more
rigorous code enforcement program within the City, and your shopping center is one of the
properties we will review for code compliance. We are sure you will agree that structures that
meet our development codes are much more attractive to citizens, as well as potential tenants,
and by focusing on the structural integrity of properties in the City, the result will be a much
safer, healthier environment for all our citizens. Such action will also help to preserve and
enhance property values.
To review, this letter serves two purposes: one, we offer you any assistance to either sell or lease
up this property, and two, we advise you that the City is becoming much more aggressive in its
code enforcement program, and you can expect to receive notice of any code compliance
255 PARKWAY dr P.O.BOX 478 dr COPPELL TX 75019 dr TEL 972/462 0022 dr FAX 972/304 3673
violations of the Citi Center property. Any violation would, of course, warrant expeditious
correcting.
I repeat that we are eager to assist you in making Citi Center a viable part of our community and
stand ready to offer our resources to that end.
Jjx/WWitt, City Manager
~Ec: Planning Department
Building Inspections Department