Shadowridge P3/FP-CS 881024 GINN, INC.
October 24, 1988
Taryon Bowman
City of Coppell
P.O. Box 478
Coppell, TX 75019
Re:
CONSULTING ENGINEERS
Shadowridge Estates, 3rd Increment
Final Plat
DRC - Engineering
Dear Taryon:
We have no objections to the final plat overall. A note does
need to be added, however, regarding a floodplain development
permit as required per the Comprehensive Floodplain Management
Ordinance, Section C, paragraph 4, page 34.
At the time of final platting, the applicant shall be required to
escrow $56,891.00 for their one-half obligation to the paving and
drainage improvements for Coppell Road along their frontage.
This request shall be in lieu of a half street being constructed.
The above escrow deposit is based on $100.00 per front foot
construction cost. The actual cost due to the City will be
computed upon completion of the roadway improvements and the
account adjusted accordingly.
For your information, Coppell Road is classified as a minor
arterial by definition.
In a September 29, 1988 letter submitted by Fox & Jacobs (copy
attached) regarding the escrow requirement above, they have
proposed a swap with the City to trade pro-rata reimbursements
owed to them by the adjacent property owners, via the city, for
Gra-Son Land, Inc.'s improvements to Bethel School Road (west of
Denton Tap Road) and a segment of Plantation Drive.
We do not recommend combining the two accounts to arrive at a
trade-off but rather handle each project separately on its own
merit. We offer this recommendation because the pro-rata
agreements are based on a 10 year period, thereafter, no
reimbursements are due. There are approximately only 6-7 years
left on the Bethel School Road and Plantation Drive pro-rata
agreements. If the adjacent properties to Bethel School Road and
Plantation Drive do not plat and develop within the next 6-7
years, no pro-rata reimbursements will be due. If the City
trades the escrow requirement for the pro-ratas and the above
time expires, the City will be left with the obligation to fund
the construction of Coppell Road but will not have the needed
funds to do so.
17103 Preston Road ® Suite 100 · LB 118 · Dallas, Texas 75248 · Phone 214/248-4900
Please call if you have any questions.
Sincerely,
Kevin~Pei f f~er~, ~.
cc: File 88305