RE 2002-11-12.3RESOLUTION NO.
A RESOLUTION OF THE CITY OF COPPELL, TEXAS,
2206051
$~1.00 Deed
APPROVING THE
TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BY AND AMONG
THE CITY OF COPPELL, TEXAS, TEXAS DUGAN, LIMITED PARTNERSHIP AND
ULINE, INC.; AUTHORIZING ITS EXECUTION BY THE MAYOR; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the City Council has been presented a proposed Tax Abatement Agreement by
and among the City of Coppell, Texas, Texas Dugan, Limited Parmership and Uline, Inc., a copy of
which is attached hereto and incorporated herein by reference; and
WHEREAS, upon full review and consideration of the Agreement, and all matters related
thereto, the City Council is of the opinion and finds that the terms and conditions thereof should be
approved, and that the Mayor should be authorized to execute the Agreement on behalf of the City
of Coppell, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COPPELL, TEXAS, THAT:
SECTION 1. The Agreement attached hereto having been reviewed by the City Council of
the City of Coppell, Texas, and found to be acceptable and in the best interest of the City and its
citizens, be, and the same is hereby, in all things approved, and the Mayor is hereby authorized to
execute the Agreement on behalf of the City of Coppell, Texas.
SECTION 2. The City Council finds that the improvements proposed to be built upon the
Premises described in the Agreement will enhance the economic vitality of the community through
a combination of new capital investment, increased sales tax revenues, and the creation of additional
job opportunities.
SECTION 3. The tax abatement to be granted by the Agreement will not include
inventory, and supplies.
SECTION 4. The improvements proposed for the Premises will accomplish the tax
abatement guidelines of the City of Coppell, Texas.
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SECTION 5. The City Manager delivered to the presiding officer of the governing body of
each taxing unit in which the property subject to the Agreement is located, a written notice that the
City of Coppell, Texas, intends to enter into the Agreement. The notice given by the City Manager
included a copy of the Agreement approved by this Resolution.
SECTION 6. This Resolution and the Tax Abatement Agreement are hereby approved by
the affirmative vote of the majority of the members of the City Council of the City of Coppell,
Texas, at a regularly scheduled meeting of the City Council.
SECTION 7. This Resolution shall become effective immediately from and after its
passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas,
on this the ]~ -~day of ~~2002.
CITY O~PPEL~, TE~_ ~
C ANDYX~I2 EHAN,~IV~YO R
ATTEST:
LIBBy ~ALI~,~'~ SECRETARY
ROBEff¥ . hA Jr iZ¥ ATTOP E¥
(PGS/NBB/si 10/31/02~t
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STATE OF TEXAS §
COUNTY OF DALLAS §
TAX ABATEMENT AGREEMENT
This Tax Abatement Agreement (the "Agreement") is entered into by and among the City of
Coppell, Texas (the "City"), duly acting herein by and through its Mayor, Texas Dugan, Limited
Partnership ("Owner") and Uline, Inc. ("Lessee") acting by and through their authorized officer.
WITNESSETH:
WHEREAS, the City Council of the City of Coppell, Texas, (the "City"), passed an
Ordinance (the "Ordinance") establishing Tax Abatement Reinvestment Zone No. 39 (the "Zone"),
for commercial/industhal tax abatement, as authorized by the Property Redevelopment and Tax
Abatement Act, Chapter 312 of the Texas Tax Code, as amended (the "Tax Code"); and
WHEREAS, the City has adopted guidelines for tax abatement (the "Tax Abatement
Guidelines"); and
WHEREAS, the Tax Abatement Guidelines contain appropriate guidelines and criteria
governing tax abatement agreements to be entered into by the City as contemplated by the Tax
Code; and
WHEREAS, the City has adopted a resolution stating that it elects to be eligible to
participate in tax abatement; and
WHEREAS, in order to maintain and enhance the commercial and industrial economic and
employment base of the Coppell area, it is in the best interests of the taxpayers for the City to enter
into this Agreement in accordance with said Ordinance, the Tax Abatement Guidelines and the Tax
Code; and
WHEREAS, Owner owns the real property described in Exhibit "A"
("Land") and has or intends to construct certain improvements (hereinafter
"Improvements") on the Land and to lease the Improvements to the Lessee; and
attached hereto
defined as the
WHEREAS, Lessee has or intends to lease the Improvements from the Owner; and
WHEREAS, Owner's and Lessee's development efforts described herein will create
permanent new jobs in the City; and
WHEREAS, the City Council finds that the contemplated use of the Premises (hereinafter
defined), the contemplated improvements to the Premises thereto in the amount set forth in this
Agreement, and the other terms hereof are consistent with encouraging development of the Zone in
accordance with the purposes for its creation and/or in compliance with the Tax Abatement
Guidelines, the Ordinance adopted by the City, the Tax Code and all other applicable laws; and
TEXAS DUGAN/ULINE TAX ABATEMENT AGREEMENT - Page 1
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WHEREAS, the City Council finds that the Improvements sought are feasible and
practicable and would be of benefit to the Premises (hereinafter defined) to be included in the Zone
and to the City after expiration of this Agreement; and
WHEREAS, a copy of this Agreement has been furnished, in the manner prescribed by the
Tax Code, to the presiding officers of the governing bodies of each of the taxing units in which the
Premises is located; and
WHEREAS, the City desires to enter into an agreement with Owner, the owner of the
Premises, and Lessee, the owner of Tangible Personal Property (hereinafter defined), within the Tax
Abatement Reinvestment Zone for the abatement of taxes pursuant to Chapter 312 of the Tax Code
as amended;
NOW, THEREFORE, in consideration of the mutual benefits and promises contained
herein and for good and other valuable consideration, the adequacy and receipt of which is hereby
acknowledged, including the expansion of primary employment, the attraction of major investment
in the Zone, which contributes to the economic development of Coppell and the enhancement of the
tax base in the City, the parties agree as follows:
GENERAL PROVISIONS
1. Owner is the owner of the Land, which Land is located within the city limits of the
City and within the Zone. Owner intends to construct the Improvements on the Land and to lease
the Improvements to Lessee. Lessee intends to lease the Improvements from the Owner and is the
owner or lessee of Tangible Personal Property to be located on the Premises subsequent to the
execution of this Agreement.
2. The Premises are not in an improvement project financed by tax increment bonds.
3. This Agreement is entered into subject to the rights of the holders of outstanding
bonds of the City.
4. The Premises are not owned or leased by any member of the Coppell City Council
or any member of the Coppell Planning and Zoning Commission, or any member of the governing
body of any taxing units joining in or adopting this Agreement.
TAX ABATEMENT AUTHORIZED
5. This Agreement is authorized by the Tax Code and in accordance with the City Tax
Abatement Guidelines and Criteria, and approved by resolution of the City Council of the City
authorizing the execution of this Agreement.
6. Subject to the terms and conditions of this Agreement, and provided the combined
Taxable Value for the Improvements and the Tangible Personal Property is at least Five Million
Five Hundred Thousand Dollars ($5,500,000.00) as of January 1 of the First Year of Abatement and
as of January 1 of each year thereafter this Agreement is in effect, the City hereby grants Owner an
TEXAS DUGANFLILINE TAX ABATEMENT AGREEMENT - Page 2
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abatement of seventy-five percent (75%) of the Taxable Value of the Improvements and Lessee an
abatement of seventy-five percent (75%) of the Taxable Value of the Tangible Personal Property for
a period of five (5) consecutive years. The actual percentage of Taxable Value of the Improvements
subject to abatement for each year this Agreement is in effect will apply only to the portion of the
Taxable Value of the Improvements that exceeds the Base Year Taxable Value for the Land. The
Tax Abatement Agreement for Tangible Personal Property will only apply to the Tangible Personal
Property added to the Premises after this Agreement is executed.
7. The period of tax abatement herein authorized shall be for a period of five (5) years.
8. During the period of tax abatement herein authorized, Owner and Lessee shall be
subject to all City taxation not abated, including but not limited to, sales tax and ad valorem taxation
on land, inventory and supplies.
DEFINITIONS
9. Wherever used in this Agreement, the following terms shall have the meanings
ascribed to them:
A. "Base Year Taxable Value" shall mean the total assessed Taxable Value for
the Land for year in which the Tax Abatement Agreement is executed (2002).
B. "Event of Bankruptcy or Insolvency" shall mean the dissolution or
termination of a party's existence as a going business, insolvency, appointment of
receiver for any part of a party's property and such appointment is not terminated within
ninety (90) days after such appointment is initially made, any general assignment for the
benefit of creditors, or the commencement of any proceeding under any bankruptcy or
insolvency laws by or against such party and such proceeding is not dismissed within
ninety (90) days after the filing thereof.
C. "First Year of Abatement" shall mean January 1, 2004.
D. "Force Majeure" shall mean any contingency or cause beyond the reasonable
control of Owner including, without limitation, acts of God or the public enemy, war, riot,
civil commotion, insurrection, adverse weather, government or de facto governmental action
(unless caused by acts or omissions of Owner), fires, explosions or floods, strikes,
slowdowns or work stoppages.
E. "Improvements" shall mean the contemplated improvements to be
constructed on the Land and as further described herein.
F. "Land" shall mean the real property described in Exhibit "A" attached hereto
and incorporated herein for all purposes.
G. "Premises" shall mean the Land and the Improvements.
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H. "Tangible Personal Property" shall mean tangible personal property,
equipment and fixtures other than inventory or supplies owned or leased by Lessee and
added to the Premises subsequent to the execution of this Agreement.
I. "Taxable Value" means the appraised value as certified by the Appraisal
District as of January 1 of a given year.
IMPROVEMENTS
10. Owner owns the Land and agrees to construct or caused to be constructed thereon an
office warehouse/distribution building located at Freeport Parkway and Bethel Road, Coppell,
Texas, containing approximately 159,168 square feet (and other ancillary facilities such as
reasonably required parking and landscaping more fully described in the submittals filed by Owner
with the City from time to time in order to obtain a building permit) (the "Improvements"). Lessee
agrees to lease and occupy the Improvements and locate Tangible Personal Property on the
Premises. Nothing in this Agreement shall obligate Owner to construct the Improvements on the
Land, but said action is a condition precedent to Owner's tax abatement for the Improvements.
Nothing in this Agreement shall obligate Lessee to occupy the Improvements, and/or to locate
Tangible Personal Property on the Premises but said actions are a condition precedent to Lessee's
tax abatement pursuant to this Agreement.
CONSTRUCTION OF IMPROVEMENTS
11. As a condition precedent to the initiation of Owner's tax abatement pursuant to this
Agreement, Owner will diligently and faithfully, in good and workmanlike manner, and pursue the
completion of the contemplated Improvements on or before December 31, 2003, as good and
valuable consideration for this Agreement, and that all construction of the Improvements will be in
accordance with all applicable state and local laws, codes, and regulations, (or valid waiver thereof);
provided, that Owner shall have such additional time to complete and maintain the Improvements as
may be required in the event of "Force Majeure," if Owner is diligently and faithfully pursuing
completion of the Improvements.
12. Owner and Lessee, in accordance with its lease of the Improvements, agree to
maintain the Improvements during the term of this Agreement in accordance with all applicable
state and local laws, codes, and regulations. Owner and Lessee agree that the Improvements shall
be used only as an office/warehouse/distribution building for a period of five (5) years commencing
on the date a certificate of occupancy is issued for Lessee's occupancy of thc Improvements.
13. The City, its agents and employees shall have the right of access to the Premises
during construction to inspect the Improvements at reasonable times and with reasonable notice to
Owner and Lessee, and in accordance with Owner's and Lessee's visitor access and security
policies, in order to insure that the construction of the Improvements are in accordance with this
Agreement and all applicable state and local laws and regulations (or valid waiver thereof).
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GENERAL REQUIREMENTS
14. Construction plans for the Improvements constructed on the Land will be filed with
the City, which shall be deemed to be incorporated by reference herein and made a part hereof for
all purposes.
15. After completion of the Improvements, Owner shall certify in writing to the City the
construction cost of the Improvements. Owner and Lessee shall each annually certify to the City
that they are in compliance with each term of the Agreement.
16. The Premises shall be used in the manner (i) that is consistent with the City's
Comprehensive Zoning Ordinance, as amended, and (ii) that, during the period taxes are abated
hereunder, is consistent with the general purposes of encouraging development or redevelopment
within the Zone.
17. Owner agrees to provide to Lessee and any other applicable tenants of the
Improvements, the benefit of the abatement of real property taxes granted herein. Owner shall,
upon written request, provide the City with satisfactory evidence that the benefits of this Agreement
have been provided to the tenants of the Improvements.
18. Lessee agrees to continuously lease and occupy the Improvements for a period of
five (5) years commencing the First Year of Abatement.
DEFAULT: RECAPTURE OF TAX REVENUE
19. In the event: (i) Owner fails to complete the Improvements in accordance with this
Agreement or in accordance with applicable State or local laws, codes or regulations; (ii) Owner or
Lessee has delinquent ad valorem or sales taxes owed to the City with respect to the Premises
(provided such party retains its right to timely and properly protest such taxes or assessment); (iii)
Owner or Lessee has an "Event of Bankruptcy or Insolvency"; or (iv) Owner or Lessee breaches
any of the terms and conditions of this Agreement, then such party (the "Defaulting Party"), after
the expiration of the notice and cure periods described below, shall be in default of this Agreement.
As liquidated damages in the event of such default, the Defaulting Party shall, within thirty (30)
days after demand, pay to the City all taxes which otherwise would have been paid by the
Defaulting Party to the City without benefit of a tax abatement for the Defaulting Party's property
the subject of this Agreement, with interest at the statutory rate for delinquent taxes as determined
by Section 33.01 of the Tax Code, as amended, but without penalty. The parties acknowledge that
actual damages in the event of default termination would be speculative and difficult to determine.
The parties further agree that any abated tax, including interest as a result of this Agreement, shall
be recoverable against the Defaulting Party, its successors and permitted assigns and shall constitute
a tax lien against the Defaulting Party's property the subject of this Agreement and shall become
due, owing and shall be paid to the City within thirty (30) days after termination.
20. Upon breach by Owner and/or Lessee of any obligations under this Agreement, the
City shall notify the "Defaulting Party" and the "Non-Defaulting Party" in writing. The Defaulting
Party shall have thirty (30) days from receipt of the notice in which to cure any such default. The
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non-defaulting party shall have the right, but not the obligation, to cure the default of the
"Defaulting Party". If the default cannot reasonably be cured within a thirty (30) day period, and
the Defaulting Party has diligently pursued such remedies as shall be reasonably necessary to cure
such default, then the City may extend the period in which the violation must be cured.
21. If the Defaulting Party or the non-defaulting party fails to cure the default within the
time provided as specified above or, as such time period may be extended, then the City at its sole
option shall have the right to terminate this Agreement with respect to the "Defaulting Party" by
written notice to the Defaulting Party. For illustration purposes only, in the event that this
Agreement is terminated with respect to Lessee such that Lessee is no longer entitled to tax
abatement for its Tangible Personal Property under this Agreement, this Agreement shall remain in
full force and effect for the Owner and the tax abatement of the Improvements shall not be affected
thereby.
22. Upon termination of this Agreement by City with respect to a Defaulting Party, all
tax abated as a result of this Agreement with respect to such Defaulting party and such Defaulting
Party's property the subject of this Agreement, shall become a debt to the City as liquidated
damages, and shall become due and payable not later than thirty (30) days after a notice of
termination is made. The City shall have all remedies for the collection of the abated tax provided
generally in the Tax Code for the collection of delinquent property tax. The City at its sole
discretion has the option to provide a repayment schedule. The computation of the abated tax for
purposes of the Agreement shall be based upon the full Taxable Value of the Improvements or the
Tangible Personal Property, as the case may be, without tax abatement for the years in which tax
abatement hereunder was received by the Defaulting Party with respect to the Improvements or
Tangible Personal Property, as the case may be, as determined by the Appraisal District, multiplied
by the tax rate of the years in question, as calculated by the City Tax Assessor-Collector
respectively. The liquidated damages shall incur penalties as provided for delinquent taxes and
shall commence to accrue after expiration of the thirty (30) day payment period. The City's sole
remedy against a "Defaulting Party" shall be the recovery of the liquidated damages and the
enforcement of the tax lien against the "Defaulting Party's" property the subject of this Agreement
ANNUAL APPLICATION FOR TAX EXEMPTION; RENDITION
23. It shall be the responsibility of the Owner and Lessee, pursuant to the Tax Code, to
file an annual exemption application form with the Chief Appraiser for each Appraisal District in
which the eligible taxable property has sims. A copy of the exemption application shall upon
request be submitted to the City.
24. Owner shall annually render the value of the Improvements and Lessee shall
annually render the value of Tangible Personal Property located on the Premises to the Appraisal
District and upon request provide a copy of the same to the City.
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SUCCESSORS AND ASSIGNS
25. This Agreement shall be binding on and inure to the benefit of the parties to it and
their respective heirs, executors, administrators, legal representatives, successors, and permitted
assigns. This Agreement may not be assigned without the consent of the City Manager.
NOTICE
26. All notices required by this Agreement shall be addressed to the following, or other
such other party or address as either party designates in writing, by certified mail, postage prepaid,
or by hand or overnight delivery:
If intended for Owner, to:
Attn: Jeff Turner
Texas Dugan Limited Partnership
5495 Beltline, Suite 360
Dallas, Texas 75254
With copy to:
Duke Realty Corporation
3950 Shackleford Road
Suite 300
Duluth, Georgia 30096
Attn: Corporate Attorney - Texas Market
If intended for Lessee, to:
Attn: Phil Hunt
Uline, Inc.
9901 E. Valley Ranch Parkway
Suite 2008
Irving, Texas 75083
If intended for City, to:
Attn: City Manager
City of Coppell, Texas
P. O. Box 478
Coppell, Texas 75019
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With copy to:
Peter G. Smith
Nichols, Jackson, Dillard, Hager & Smith, L.L.P.
1800 Lincoln Plaza
500 N. Akard
Dallas, Texas 75201
CITY COUNCIL AUTHORIZATION
27. This Agreement was authorized by resolution of the City Council approved by its
Council meeting authorizing the Mayor to execute this Agreement on behalf of the City.
SEVERABILITY
28. In the event any section, subsection, paragraph, sentence, phrase or word herein is
held invalid, illegal or unconstitutional, the balance of this Agreement shall stand, shall be
enforceable and shall be read as if the parties intended at all times to delete said invalid section,
subsection, paragraph, sentence, phrase or word.
APPLICABLE LAW
29. This Agreement shall be construed under the laws of the State of Texas. Venue for
any action under this Agreement shall be the State District Court of Dallas County, Texas. This
Agreement is performable in Dallas County, Texas.
COUNTERPARTS
30. This Agreement may be executed in any number of counterparts, each of which shall
be deemed an original and constitute one and the same instrument.
ENTIRE AGREEMENT
31. This Agreement embodies the complete agreement of the parties hereto, superseding
all oral or written previous and contemporary agreements between the parties and relating to the
matters in this Agreement, and except as otherwise provided herein cannot be modified without
written agreement of the parties to be attached to and made a part of this Agreement.
CONVENANTS RUNNING WITH THE PREMISES
32. The provisions of this Agreement are hereby declared covenants running with the
Premises and are fully binding on all successors, heirs, and assigns of Owner who acquire any right,
title, or interest in or to the Premises, or any part thereof. Any person who acquires any right, title,
or interest in or to the Premises, or any part hereof, thereby agrees and covenants to abide by and
fully perform the provisions of this Agreement with respect to the right, title or interest in such
Premises.
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RECORDATION OF AGREEMENT
33. A certified copy of this Agreement shall be recorded in the Deed Records of Dallas
County, Texas.
INCORPORATION OF RECITALS
34. The determinations recited and declared in the preambles to this Agreement are
hereby incorporated herein as part of this Agreement.
EXHIBITS
35. All exhibits to this Agreement are incorporated herein by reference for all purposes
wherever reference is made to the same.
EXECUTED in duplicate originals this the ]~ay of~/~Y'0t., 2002.
By: CAI~"~ 's~H~,~H'~S, h;l~YO~
ATTEST:
LIBBY BA~f-~ITY-~EC~TARY
AGREE~
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EXECUTED in duplicate originals this the ~7~ ~day of ~~, 2002.
TEXAS DUGAN, LIMITED PARTNERSHIP
a Delaware limited partnership
By: Dugan General Partnership, I.I~C, a Delaware
limited liability company, its general partner
By:
Dugan Texas, LLC, a Delaware limited liability
company, its sole member
By: Duke Realty Limited partnership, an Indiana
limited partnership, its Manager
By: Duke Realty Corporation,
corporation, its general partner
an Indiana
TEXAS DUGAN/ULINE TAX ABATEMENT AGREEMENT - Page 10
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EXECUTED in duplicate originals this ~ day of ., 2002.
TEXAS DUGAN, LIMITED PART
a limited partnership
By: Du
limited
LLC, a Delaware
its general parmer
By: Dugan Texas,
company, it~
C, a Delaware limited liability
.'mber
By: Duke
limite ~artnership, its
:er
an Indiana
By:
Realty Coq
>oration, its general partner
an
Indiana
JEFF TURNER
SENIOR VICE PRESIDENT, TEXAS
EXECUTED in duplicate originals this the ~o day of o~-"'m~ER.., 2002.
ULINE, INCORPORATED
Name: ~'r~P},~o ul ~
Title: VP ~N~
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CITY'S ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was acknowledged before rne on the ]'~ _t~ day of ~7/~~,
2002, by Candy Sheehan, Mayor of the City of Coppell, Texas, a Texas municipality, on behalf of
said municipality.
My Commission Expires:
Notary Publi~/g't~t~ 0f Texas
~%%ttlllllllll
.,,,:'.~,~ 8~, %
=~~ ~-
%~- ~ -2~,,,"
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OWNER'S ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was acknowledged before me on the ~ day of x~_~~._,
2002, by Jeff Turner being the Senior Vice President, Texas of Duke Realty Corporation, an
Indiana corporation on behalf of Texas Dugan Limited Partnership, ks
~__~.~_ ee'~~
- l~otary Public, State of Texas
My Commission Expires:
TEXAS DUGAN/ULINE TAX ABATEMENT AGREEMENT - Page 12
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LESSEE'S ACKNOWLEDGMENT
STATE OF TEXAS
COUNTY OF DALLAS §
Thi~A,nstmment ~as~agkngwledged b e£ore)'n~e on_.the ~__~ day o£ ~~
2002, by ~>7t) ~/~6rt ]/{ !/~/LA.s---~eing the ~/ffJ .~ r7 a J7 c_C. of Uline, Inc., on bchal£ o£
said corpo¥~i~tn, v v-
/ Notary Public, State of~
My Commission Expires:
TEXAS DUGAN/ULINE TAX ABATEMENT AGREEMENT - Page 13
47885
03725
EXHIBIT "A"
STATE 0~' TEXAS
OWN£R'S CERTIFICATE
COUNTY OF DALLAS
WHEREAS, Texas Ougan, Umlted Partner~hlp Is the owner of a 11.835 acre tract of lend situated in the John Vest Survey,
Abstract No. 1508, Dallas County, Texas; said tract being a portion of Lot 2, Block A, Duke-Freeport Addition, an
addition to the City of Coppell, Texas accordlng to the plat recorded In Volume 2001065, Page 0.37 of the Deed Records oi
Dallas County, Texas; said 11.835 acre tract being more pcrtlcularty described as follows;
COMMENCING, at a point at the Intersection on the nortJ~ Ilne of Bethel Ro~d (a variable width right-of- way, 90 feet
wide at this point) and the west right-of--way llne of Freeport Parkway (a variable width fight- of-way, 134 feet wide at
this point); said point being the southeast corner of said Lot 2;
THENCE. northerly, along the said west line of Freeport Parkway, the following five calls:
North 00 degrees, 30 minutes, 15 seconds East. a distance of 113.35 feet to the beginning of a curve to the fight
whose center bears South 89 degrees, 29 minutes, 45 seconds East, o distance of 260.00 feet from said point;
In a northerly, direction, along sold tangent curve to the right- through a central angle of 12 degrees, 34
minutes, 41 seconds, an arc distance of 57.08 feet, on a chord bearing and distance of North 06 degrees, 47
minutes, 55 seconds East, 56.96 feet to the beginning of a paler of reverse curvature to the left whose center
bears North 76 degrees, 55 minutes, 04- seconds West. a distance of 240.00 feet from said point;
In o northeHy direction, along said reverse curve to the left, through a central angle of 12 degrees, 54 minutes,
41 seconds, on arc distance of 52.69 feet, on a chord bearlng and distance of North 06 degrees, 47 mlnutes, 35
seconds East. 52.58 feet to a point at the end of said curve;
North 00 degrees. 30 minutes, 15 seconds East. a distance of 80.15 feet to the beginning of a curve to the left
whose center bears North 89 degrees, 29 minutes. 45 seconds West, o distance of 1301.12 feet from said point;
In a northerly direction, along said tangent curve to the left, through a central angle of 20 degrees, 55 minutes,
55 seconds, on arc distance of 475.34 feet, on a chord bearing and distance of North 09 degrees, 57 minutes, 43
seconds West, 4-72.70 feet to o 1/2-Inch Iron rod with 'Pacheco Koch' cap set at the POINT OF' BEGINNING;
THENCE, South 54 degrees, 04. minutes, 54 seconds West, departing said west line of Freeport Parkway, a distance of
38Z. 30 feet to a 1/2-inch iron rod with 'Pachec~l~J~;~ch." ~al~i'~t for comer;,
THENCE, North 89 degrees, 29 minutes, 45 second~l W~t.~ a ~nce of 450.68 feet to a 1/2-inch iron rod with 'Pocheco
Koch" cap set for comer;, {:: ~;~ ,~, ~,i..;i~;,
THENCE, South 47 degrees, 54 minutes, 19 seconds West, a dlstance of 25.10 feet to a 1/2-inch Iron rod with *Pacheco
Koch" cap set for comer;,
THENCE, North 89 degrees, 29 minutes, 45 seconds West. a distance of 25..39 feet to a 1/2-1nch iron rod with 'Pacheco
Koch' cop set for comer;,
THENCE, North 00 degrees, 30 minutes, 15 seconds East, a distance of 791.73 feet to a 1/2-inch iron rod with 'Pacheco
Koch' cap set for comer
THENCE. South 89 degrees, 29 minutes, 45 seconds East. a distance of 110.40 feet to a 1/2-inch iron rod with 'Pacheco
Koch' cap set for comer;,
THENCE. North 66 degrees, 51 minutes. 54 seconds East. a distance of 50.25 feet to o 1/2-inch iron rod with 'Pocheco
Koch' cap set for comer;,
THENCE, North 31 degrees, 15 minutes, 00 secoc~ds EQst, a distance of 122.16 feet to a 1/2-inch iron rod with 'Pacheco
Koch' cap set for corner in the sold we~t line of Fresport Parkway and on a cur~e left whose center bears North .31
degrees. 15 minutes, OD seconds East a distance of 1411.12 feet from said point;
THENCE. in southeasterly a direction along the said west line and said curve to the left, through a central angle of 00
degrees. 48 minutes, 58 seconds, an arc distance of 19.97 feet. on a chord bearing and distance of South 59 degrees, 09
minutes, 20 seconds East. 19.97 feet to a 1/2-Inch iron rod with 'Pacheco Koch' cap set at o point of rever~e curvature
to the dght whose cente~ bears South .30 degrees, 26 minutes. 21 seconds West, o distance of 1301.12 feet from said
pain t;
THENCE. In o ecuthsasterly direction, along said west line and sold reverse curv~ to the right, through a central angle
of 39 degrees. 07 minutes. 58 seconds, an arc distance of 888.66 feet. on a chord bearing and distance of South 59
de<F'ees. 59 minutes, 40 seconds East, 871.49 feet to the POINT OF' BEGINNING;
1s.551 .aero feet o.e, of ,a.d. mare or ,.,. Zl]I]3 3 5 0 3 7 2 6
~IIIBFE8 ~0 ~1~!1:0t~
L~L~O
§ C 0 £ooz
An,/pn)vl$1on he. In which ~trfc~ the sale, ~tel.,
denned real prepe~ because of color
U~n~eable under federal Jaw.
~ATE OF TE~S
COU~ OF
I.~b~ ~di~ this Instrument wes fF
F~B ~0 2003
CObNTY CLERK, Dallas County.
..: CITY ~ COPPELL ....
"-:::: ~ PARKWAY BL¥O
"~'~'"'"' ' P 0 BOX 478 ·
· ~: COPPELLTX 7501.9