RE 11-10-98.2 A RESOLUTION OF THE CITY OF COPPELL, TEXAS
RESOLUTION NO. 111098.2
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BY AND
BETWEEN THE CITY OF COPPELL, TEXAS AND PW COMMERCE CENTER L.P.,
SUCCESSOR BY CONVERSION TO PARK WEST CENTER, L.L.C.; AUTHORIZING ITS
EXECUTION BY THE MAYOR; AND PROVIDING AN EFFECTIVE DATE.
STATE OF TEXAS § TAX ABATE NT:AGRE~z~ 7
This Tax Abatement Agreement " ' i e
Texas, duly acting herein by and through its Mayor, and PW Commerce Center L.P., successor by
conversion to Park West Commerce Center, L.LC.. (''PACIFIC'), acting by and through ks
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. 20 (the
"ZONE"), for commercialfmdustrial tax abatement, as authorized by the Property Redevelopment and
Tax Abatement Act, Chapter 3 12 of the Texas Tax Code, as amended (the '~FAX CODE"); and
WIW~REAS, the CITY has adopted guidelines for tax abatement (the "TAX ABATEMENT
GUIDELINES"); and
WHEREAS, the TAX ABATEMENT GUIDEIJNES contain appropriate guidelines and
criteria governing tax abatement agreements to be entered into by the CrrY as contemplated by the
TAX CODE; and
WIIEREAS, the CITY has adopted a resolution stating that it elects to be eligible to
participate in tax abatement; and
WI~REAS, 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 accor~ce with said ORDINANCE, the TAX ABATEMENT
GUIDEIJNES and the TAX CODE; and
WtlEREAS, PACWIC's development efforts described herein will create permanent new
jobs in the CTFY; and
Wi~EREAS, the City Council finds that the contemplated use of the PREMISES (hereina~er
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
Tax Abatement Agreement - Page 1 ss20804
98252 0678b,
WltY~REAS, the City Council finds that the improvements sought axe 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
Wlt'EREAS, a copy of this AGREEMENT has been fumished, 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
WItEREAS, the CITY desires to enter into an agreement -~th PACIFIC, ~e proposed
owner of the PREMISES within the Tax Abatement Reinvestment Zone No. 20 for the abatement of
taxes pursuant to Chapter 3 12 of the TAX CODE as amended;
NOW, TllEIIEFORE, in consideration of the mutual benefits and promises contah~ed herein
and for good and other valuable consideration,. the adequacy and receipt of which is hereby
acknowledged, including the expansion of primre3' employment, the attraction of major invesm~ent 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:
GKNERAL PROVISIONS
1. PACIFIC is the owner of real property desert'bed in Exhibit "A" attached hereto and
made a part hereof fbr all purposes (the "PRF_~MJSES" hereirtalter deftneed). which real property is
located within the city, [in'tits of the CTFt' and wi:hin the ZONE.
2. The PRE~MISES are not in an improvement project financed by ta.x in~ement bonds.
3. This AGREEMENT is entered into subject to the rights of the holders of outstanding
bonds of the C1TY.
4. The PREMISES are not owned or leased by any member of the Coppelt City Council
or any member of the Coppelt Planning and Zoning Commission, or any member of the governing
body of any taxing units joining in or adopting this AGREEMENT.
TAX ABATEMENT AUTHORgED
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 AGREEMYANT_
6. Subject to the terms and conditions of this AGREEMENT, and provided that the
combined TAXABLE VALE for the PREMISES is at least Five lVlillion Five Hundred Thousm~d
Dollars ($5,500,000) as of January 1 ofthe FIRST YEAR OF ABATEMENT and as of January 1 of
each year thereafter for a period of four (4) years, the CITY hereby grants PACIFIC an abatement of
Tax Abatement Agreement - Page 2 ss20804
98252 06785
seventy-five percent (75%) of the TAXABLE VALUE of the PREMISES for a period of five (5)
years. The actual percentage of taxes subject to abatement for each year of this AGREEMENT will
apply only to the portion of the TAXABLE VALUE of the PREMISES that exceeds the BASE
YEAR TAXABLE VALUE for the PREMISES, the year in which this AGREEMENT is executed
(base year/1998).
7. The period of tax abatement herein authorized shall be for a period of five (5) years.
8. During 'the period of tax abatement hereit', authorized, PACIFIC shall be subject to all
CITY taxan'on not abated, including but not limited to, sales tax and ad vatorem taxation on land,
inventory and supplies.
DEFINITIONS
9. Wherever used in this AGREEMENT, the following terms shall have the meanings
ascribed to them:
A. The PREMISES shall mean the real property described in Exhibit "A" attached
hereto and incorporated herein for all purposes including any IMPROVEMENTS;
B. The IMPROVEI~flE~NTS shall mean the contemplated improvements to be
comstrucled on the PREMISES and as further described herein.
C.. TAXABLE VALUE means the appraised value as certified by the Appraisal
District as of .vanuary 1 of a given year.
D. The BASE YEAR TAXABI,F, VALUE shall mean the total assessed taxable
value for the PREMISES for the year in which the Tax Abatement Agreement is executed
(1998).
E. The FIRST YEAR OF T[W~ TAX ABATEMENT shall mean January 1 of the
calendar year imn~ediately following the issuance of the last certificate of occupancy for the
IMPROVEMENTS.
F. An EVENT OF BANKRUPTCY OR INSOLVENCY shall mean the
dissolution or termination of PACIFIC's existence as a going business, insolvency,
appointment of receiver for any part of PACIFIC's property and such appointment is not
terminated within thirty (30) 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 PACIFIC and such proceeding is not
dismissed within thirty (30) days after the filing thereof.
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98252 06786
IM'PRO~
10. PACIFIC owns the real property described in Exhibit "A" and agrees to construct or
cause to be constructed thereon an office/warehouse/distribution facility consisting of two (2) buildings
of approximately 245,200 total sqtmre feet (and other ancillary facilities such as reasonably required
parking and landscaping more fully de~'ribed in the submittals filed by PACIFIC with the CITY ~om
time to time in order to obtain a building permit) to be known as Park West Commerce Center, (the
"IMPROVEMENTS"). The cost of the IMPROVEMENTS excluding the land shall be at least
Seven/Vfillion Four Hundred Thousand Dollars ($7~400,(~J0). The TAXABLF~ VALUE of the
IMPROVEMENTS excluding the land, shall be no less than Seven Million Four Hundred Thousand
Dollars ($7,400,000) as of January 1 of the FIRST YEAR OF ABATEMENT and as of January 1 of
each year thereafter for a period of four (4) cottsec~tive years. Nothing in this AGREEMENT shall
obligate PACIFIC to construct the IMPROVEMENTS on the PREMISES, but said action is a
condition precedent to tax abatement purstmnt to this AGREEMENT.
CONSTRUCTION OF IMPROVEMENTS
11. As a condition precedent to the initiation of tax abatement pursuant to this
AGREE~MENT, .PACIFIC will diligently and th~thfaily. in good and workmanlike manner, pursue the
completion of the contemplated IMPROVEME.N"rS on or before December 3l, 1999, as good and
valuable consideration fbr this AGREEMEh'r, and that all construction of the IMPROVEME~NTS
will be in accordance with all applicable state and local lays, codes, and regulations. (or valid waiver
thereof).; provided, that PACIFIC shall have such additional tinge to complete and rnaintain the
IMPROV~,IENTS as may be required in the event of "Force Majeure," if PACIFIC is diligently
and ~kit~ffuily putstring c~mplefion of the LMPROVEMt~';N'I'S. Fo~- ~.is purpose, "Force Majeure"
shall mean any contingency or cause beyond the reasonable control of PACIFIC including without
limitation, acts of God or the public enemy, war, riot. civil commotion, insurrection, adverse weather,
government or de facto governmenta/action (unle~ craased by acts or omissions of PACIFIC), fires,
explosions or floods, strikes, slowdowns or work stoppages.
12. PACIFIC agrees to maintain the IMI~ROVEMENTS during the term of this
AGREEMENT in accordance with all applicable state and local laws, codes, and regulations.
PACIFIC agrees that. the IMPROVEMENTS shall be used only as an office/warehouse/distribution
facility for a period of five (5) years commencing on the date the last certificate of occupancy is issued
for the IMPROVEMENTS.
13. The CITY, its agents and employees shall have the right of access to the PREMISES
during construction to inspect the IMI'ROVE~MENTS at reasonable times and with reasonable notice
to PACIFIC, and in accordance with PACIFIC'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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98252 6787
GENERAL REQUIREiMENTS
14. Construction plans for the IMPROVE~MENTS constructed on the PREMISES will
be filed with the CITY, which shall be deemed to be incorporated by reference heroin and made a part
hereof for all purposes.
15. ARer completion of the IMPROVEMENTS, PACIFIC sh'all certify in writing to the
CITY the consm~ction cost of the IMPROVEMENTS. PACIFIC shall -also annually cerffy to the
CITY that it is in compliance with each term of the AGREEMENT.
16. The PREMISES and the IMPROVEMENTS constructed thereon at all times shall
be used in the manner (i) that is consistent with the City's Comprehensive Zoning OralS, ante, 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. PACIFIC agrees to provide to the tenants of the PREMISES, the benefit of the
abatement of re, a/property taxes granted herein. PACIFIC shall, upon written request, provide the
CITY with satisfactory evidence that the benefits of this AGREEMENT have been provided to the
tenants ofttie PRE1MrISES.
DEFAULT: RECAPTURE OF TAX REVENUE
18. In the event PACIFIC fails in pertbrmance of any of ~e following conditions: (i)
completion of the IMPROVEMENTS in accordance with this AGREEMENT or in accordance with
applicable State or local laws, codes or regulations; (ii) have any delinquent ad v.qlorem or State ,sales
taxes owed to the CFFY with respect to the PREMISES (provided PACIIi'IC retains its right to
tirnely and properly protest such taxes or assessment); (lii) upon the occurrence of any "Event of
Bankrupt~ or Insolvency"; or (iv) breaches any of the terms and conditions of this AGREEMENT,
then PACIFIC, 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, PACIFIC shall, within
thirty (30) days after demand, pay to the CITY all taxes which otherwise would have been paid to the
CITY without benefit of a tax abatement with interest at the statutory rote for delinquent taxes as
determined by Section 33.01 of the TAX-CODE as amended but without penalty. The parties
acknowledge that actual clamages in the event of default termination would be speculative and difficult
to determine. The parties further agree that any properly tax revenue lost, including interest as a remit
of this AGREEMENT, shall be recoverable against PACIFIC, its successors and assigns and shall
constitute a tax lien on the PREMISES and shall become due, owing and shall be paid to the CITY
within thirty (30) days after termination.
19. Upon breach by PACIFIC of any obligations under this AGREEMENT, the CTI~r
shall notiris' PACIFIC in writing PACIFIC shall have thirty (30) days litore receipt of the notice in
which to cure any such default. If the default cannot reasonably be cured within a thirty (30) day
Tax Abatemere Agreement - Page 5 ss2o8o4
98252 (i6788
period, and PACIFIC 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.
20. If'PACIFIC fails to cure the default within the time provided as specified above or, as
such time period may be extended, then the C1TY at its sole option shall have the right to terminate
this AGREEMENT by written notice to PACIFIC.
21. Upon termination of this AGREEME1N"r by C1TY, all tax revenue abated as a re~alt
of this AGREE~MENT shall become a debt to the CITY as liquidated damages, and shall become due
and payable not later than thirt7 (30) days after a notice of termination is made. The CITY shall have
all remedies for the collection of the recaptured tax revenues provided generally in the TAX CODE for
the collection of delinquem property tax. 3[l~e CITY at its sole discretion has the option to provide a
repayment schedule. The computation of tax revenue abated for the purposes of the AGREE1VEENT
shall be based upon the full TAYa~BLE VALUE without tax abatement for the years in which tax
~atement hereunder was received by PACIFIC with respect to the PREMISES as determined by the
Appraisal District, multiplied by the tax rate of the years in question, as calculated by the City Tax
Assessor-Collector. 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.
,LN~AL APPLICATION FOR TAX EXEMPTION; RENDITION
22. It shall be the res?onsibi!ity of PACIFIC, pursuant to the TAX CODE, to file an
annual exemption applicat~ion form with the Chief Appraiser for each Appraisal District in w'hicb. the
eligible taxable property has sims. A copy of the exempUon application shall be submitted to the
CITY.
23. PACIFIC shall annually render the value of the PRE.~MISES to the Appraisal
District and provide a copy of the same to the CITY.
SUCCESSORS AND ASSIGNS
24. This AGREEMENT shall be binding on and inure to the benefit of the parties to it and
their respective heirs, executors, adminisUamrs, legal representatives, successors, and assigns. Th~s
AGREEMENT may be assigned with the consent of the CTI~'. ARer any permitted assignment, all
references to PACIFIC herein shall thereafter be a reference to PAC'IFIC's successor with respect to
any obligations or liabilities occurring or axising a~er the date of'such assig~m~ent.
NOTICE
25. 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 delivery:
Tax Abatement Agreement - Page 6 ss20804
98252 06789
flintended for PACIHC, to:
PW Commerce Center, L.P.
c/o Padtic Realty Associates, L.P.
15350 S.W. Sequoia Parkway
Suite 300
Portland, OR 97224
If intended for CITY, to:
City of Coppell, Texas
City Manager
P. O. Box 478
Coppell, Texas 75019
CrI'Y COUNCIL AUTHORIZATION
26. 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.
TAXPAYER AUTHORIZATION
27. This AGREEMENT was authorized by the Board of Directors of PACIFIC
authorizing the undersigned to execute this AGREEMENT on behalf &PACIFIC.
SEVERABII ,ITY
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.
APPLICABI .E 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 instnmaent.
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98252 06790
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.
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 PACIFIC who acquire any
right, rifle, or interest in or to the property, or any part thereof: Any person w-ho acquires any- fight,
title, or interest in or to the property, or any part hereof; thereby agrees and covenants to abide by and
fully perform the provisions of this AGREE~MENT with respect to the fight, ti~e or intere~ in such
property.
RECORDATION OF AGRF~F4'MENT
33. A certified copy of this AGREEMENT shall be recorded in the Deed Records of
Dallas County, Texas.
INCORPORATION OF RECITALS
34. The determ~,afions recited and declared in the preambles to fitis AGREEMZ~VF are
hereby incorporated herein as pa~t of this AGREEMENT.
F~XltnlITS
35. All exhibits to this AGREEMENT are incorporated herein by reference for all
purposes wherever reference is made to the same.
CONSTRUCTION
36. Both parties have participated in the negotiation and preparation of this
AGREEMENT. This AGREEMENT shall not be constructed more or less strongly against either
party. PACIFIC acknowledges that it has obtained leg~ counsel to assist in the preparation of tl-ds
AGREEMENT and that PACIFIC has fully satisfied itself; without warranty or representation not
expressly contained herein, by CITY that the tax abatement contemplated hereby is available in all
respects.
Tax Abatement Agreement - Page 8 ss2o8o4
98252 06791
EXECUTEn in duplicate originals this the/~q day of/Z~d , 1998.
CITY OF COPPELL, TEXAS
f,\ t:
By:
CANDY S~HEiHAN, MAYOR
ATTEST:
KATHLEEN ROACH, CITY SECRETLY
AGREED AS TO FORM:
By: PETER G. 2~I~ CITY ATTORNEY
EXECUTED in duplicate originals this the q day or Cicbbec1998.
PW COMMERCE CENTER, L.P.
By: PW Fairview, Inc., General Partner
By: N~~C~st. ~President
ASSOCIATE GEI~'~tERALCOUNSEL
Tax Abatement Agreement - Page 9 8820804
98252 06792
CITY'S ACKNOV~LEDG~I]~NT
STATE OF TEXAS §
COUNTY OF DA ~ .I ~AS §
'nil, instrument was acknowtedged before me on the/Sb day of
by Candy Sheehan, Mayor of the City of Coppeil, Texas, a Texas muni¢ipafity, on beh~alf of said
municipality.
,"' ~ ..i;;;?~.
My ~
//tllllllill*%
Tax Abatement Agreement - Page 10 ss20804
98252 06793
PACIFIC'S ACKNOWLEDGMENT
STATE OF OREGON §
WASH I NGTON §
COUNT OF § Asst. Vice President
This instrument was acknowledged before me on the 9th day of October , 1998_,
by Nancy B. Murray, Asaociate General Counse', of PW Fairview, Inc., General Partner of PW
Commerce Center L.P., on behalf of said partnership.
Notary Public, State of
My Commission expires:
2-'-~/t ] zoo I
OFFICIAL SEAL
MONA HAIlNAIl
NOTARY PUBlIC-OREGON
COMMISSION N0. 300769
MY COMMISSION DeI~S MAY 1, 2001
Tax Abatement Agreement - Page 11 ss2oso4
98252 0679h
LEGAL DESCRIFFION
Being a Tact of Lend situmd in the ~ames A. Simmons Survey. Abstract No. 1296, in the City of
Coppe/!, Dallas County, Texm m:d being sll of tc~ 3R, Block S of tlw t~-plat of all of Block
end 8 Park West Commerce Ceres, as r,~onl~ in Volume 91002, Pag~ 31 (D.R.D.C.T.) and
BEGINNING $x s lr2 inch iron rod wit~ yellow plastic cap stamped 'HALFF ASSOC,, INC.'
(hereafter rden'ed to as "with cap") sst at the somt~rly conmr of a 20 foot comer clip on the
north~ly xii;ht-of-way ~ of Wrangler Drive (60 fe~ wi~) lw. aIe~ g the intn'seclion ',~ith
we~-.dy ri~ht*of-w~, lhe of ~ Driv~ (65 ~ wide);
THI~NC15 North 89 delF,:es 06 mlmnes 46 Mcona$ Writ, $1on~ hid north riSht-og-way, s
distanc; of S55. I 0 feet to · 314 inch iron rod with 'Davis' cap found at the ~mtlxwest comer of
said Lcg 3P,, Block $;
THENCE North 01 de~TSe$19 minutes 28 secondS East, departing said north lir~ and $1ong the
west line of Lot 3R, Block 8, · ~ of 442.Z6 fn~t to a 3/4 inch iron rod found on a ~
curve to the ri~t havi~ m radius of 382-25 fee~ and whose chc~i bears North 18 degrees
minutes 44 seconds We~t, 256.~ fwt;
TI-IE4~ along said circular cm've contimxin~ along said west line, thxou~ a cenual angle of
deS~s 16 minut~ 16 s~o~ls, an a~ distance of 261.99 fe~ to · 1/2 inch iwn rod found for
c'vmer;
THENCE North 01 dqr~es 20 minutes 07 seco,,~ East, c, ontinuin8 alon~ ~cl west line,, ·
di~t~uc~ of 96.56 fwt ~o · I/2/nch iron rod found at the southwest con~r of Lot 1, Block ~ Paxk
W~-t Commerce Center as re~xwded in Volume 93080, Page 2115 (D.R.D.C.T.);
THENCE Sout~ 89 de~'ees 06 minutes 46 secon~ Fast, altars the south line of said Lot 1, Block
8, ancl Lot 2R, Block 8, · distance of 955.52 feet to a I/2 inch iron mcl with cap set on the
we~t~'y right-of-w·y of ~ Drive (65 lest wide);
THENCE Sou~h O0 d~xe~s 53 minu~ 14 seconds West, along said W~st ri~t-of-wsy,
distance of ~61.99 feet ~o a IF2 inch ;,c~u wd with ~ set a~ the nortEwdy comer of
afor=ueutioned 20 foot comer cup;
THENCE South 45 degrees 5~ minutes 14 seconds West, along said comer clip a distance of
28.28 feet to the POINT OF BEGINNING AND CONTAINING 704,~M1 square ~ or 16.172
acres of land mo~ er
EXMIBIT "A"
98252 06795
LEGAL DE~CRIPIION
l~:ing a tract of land situated in the Jazzes A. Si~ S~y, A~ No. 129~, in ~ Ci~ of
~ll, ~ Co~, T~ ~d ~ ~ of~ l, BI~ 7 of~ ~p~ of ~ ofB~ 5 ~
6 ~d ~ of BI~ 7 ~ West ~~ ~, ~ ~ ~ Voice 9~017, Pap 398
~.R.D.C.T-~ ~ ~ of L~ 3, Bl~k 7 of~~ of~ of~t 3 ~ Lot 1, Blo~ 7 P~k W~
Co~c C~, ~ ~ ~ Voice J158, P~e [324 ~.RD.C-T.) ~ ~
~~ly d~ ~ foHo~:
~ ~ m ~ "~ ~ ~ ~ ~ ~~ ~ ofa co~p ~ ~ n~y
~t~f-~y of W~ff ~ (~ fm ~) at ~ ~~ ~ ~ ~ H~-of-~
(65 f~ ~);
W~ Co~ C~, ~ ~ ~ Vol~c 91 ~1, ~ 2682 ~I.D.C.T.);
~ong ~ ~ ~ of ~d bt ~ BI~ 7, a ~ of 375.50 f~t to a 1~ ~ch i~n ~ fo~
at ~ ~~ ~ of ~ L~ 2, Bl~k 7;
~CE 5o~ ~ ~ J3 ~nu~ 14 ~o~ W~ ~~ ~d ~ [~ ~d ~o~ ~
w~ 1~ of Lot 4, BI~ 7of~d P~k W~ Co~ C~~r~ ~ Voice ~158, hp
1324, a d~ of3~.00 f~t ~ a 1~ ~ ~on ~ fo~ ~ ~ so~we~ com~ of ~id ~t 4,
Bl~k 7;
at ~ ~t~ ~ of ~d Lot 4, B~ 7;'
~NCE ~ ~ ~ 53 mJ~ 14 ~ W~ ~ ~d ~ ~e ~ ~oq ~
~t line of Lot 5, BI~ 7 of ~ P8 W~ ~~ ~t~ ~ Vol~ 9~17, Pa~
398, a ~ of ~7.~ ~ ~ a 1~ ~ ~ ~ ~ ~ fo~ ~ ~ ~u~ ~ of
~d Lot 5, BI~ 7, ~d ~t ~g on ~ no~ ~ of ~d W~r ~ve;
~CE N~ 89 de~ ~ ~n~ ~ ~ W~ ~ ~d ~ 1~ ~d ~ong ~
nosily ~f-~Y of W~I~ ~ve. , ~ of 895.~ ~t to ~ PO~ OF -
BEG~G ~ CO~A~G 636,673 sq~ fm or 14.616 ~ ofl~d ~ or 1~.
EXHIBIT "A"
98252 06 796
L6LgO
980E'030 PHI2=08
decried ~al pro~ b~ause of color or
unenf~eable under fNeal law,
STATE OF T~S COU~RY
I hereby cedi~ this i~$trume~t was filed en
~tamped hereon by me and was euly ,ecm~ed
age of the named records ot Dallas Ccur~ty lexas
DEC 80 1998
COU~ CLER~ Dailas County, Texas