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HomeMy WebLinkAboutMiscellaneousERNEST V. BRUCHEZ 3151 tiriarcrest linve~ ~tuie ~uu Board Certified-Oil, Gas and Mineral Law $ ~~ TeXaS 7~go2 Texas Board of Legal Specialization. ~ JAY s. toss (.409) 776-2.244. Board Certified-Civil-Trial Law FAX: (409) 776-6239 Personal Injury Trial Law Texas Board of Legal Specialization KYLE HAWTHORNE PATRICIA E. MERONOFF November 2 7 , 19 9 0 C. RANDALL MICHEL Board Certified-Civil Trial Law Texas Board of Legal Specialization WILLIAM S. THORNTON, JR. WILLL~M R. VANCE Board Certified-Civil Trial Law Texas Board of Legal Specialization Mr. Jim Calloway Ms. Jane Kee Planning Department .City of College Station P. 0. Box 9960 College station, Texas 7R~42 Re: Item Far Planning & Zoning Cossian Agenda Dear Jim and Jane: Enclosed please f ind a letter I xeceved oday from -Terry Rowan of First City Bank who has voiced a legitimate concern regarding the approval process of re-plats and amending plats within the City of College station. His suggestion is that the lender ~ if any) be contacted prior to any approval _ of a re-p:Lat or .amendment of a plat. He first voiced his concern to me by phone on November 21. I..asked him to put his concern in writing ,and he has done so. I would appreciate it if copies of Terry's lette-r could be made for each of the Commission members and if thin. item could be laced on the agenda of the next Planning & Zoning Commission p meeting. 1t would be of interest, and may. lend dome support to`Terry's request, if we could also find out if other cities require the .lender to approve (or be informed of} any re-prat or amendment prior to its approval by the P & Z Commission. Thanks for your help. Ver -truly yours, ~i f C. Randall Michel CRM/dpk Enclosure (mentioned). CiElVEL~[QY 2'$ t4'~,6 ~, ~' ,~ ~ , , M A ~ ~ , ;' ~ ~~ I ~ o~ 2 ~ ~9~(~ FIRST CITY BANCORPORATION OF TEXAS Bryan ~ 3000 I~riarcz~est Drive, P.O.:Dr~~~~er 913 I3~ya~1 TX 77b0~-013 :(409) 776-402 , Novembex 2b, 1990; Mr. C. Randall Michel Vance, Bruchez, & Goss t 3131 Briarcrest Drive Bryan,.:Texas 77802 ~ ~, Dear Randy: As a follow-up to our conversation of November 21 19.90, 'I would request that he College S anon Planning and Zoning Commission ~~ make it a requirement that any final pla ,amending plat, or re- plat require the signature of: the lender, prior to approval by your committee. "Generally, a lender is presented a request for financing of real .;estate under a `certain .set of assumptions for usage of the property. Theis normally includes a preliminary plat, which is generally followed up with a final plat. In most of ,these instances, especially in those that involve subdivisions, the ential or f 'lots resid >lender is expecting a cer ain number o commercial) in the plat'at a certain sales price, release price, ~ and most importantly from the lenders perspective, loan value per , ~ . , lot. When a re-plat or amending plat is done without the lender ~. knowledge or concurrence, .thus obviously changes. somewhat the picture for the lender. ,I would appreciate your consideration of our requests, to make - this, an ongoing requirement in the city of College Station. ,_ Please feel free to give me: ~a call if you have any questions. Sincereay,: ~~ Terry Rowan `Senior `Vice President :Manager, ~omrnercal Lending TR amh ~: