RE 09-14-99.1 A RESOLUTION OF THE CITY OF COPPELL, TEXAS
RESOLUTION NO. 091499.1
A RESOLUTION OFTHE CITY OF COPPELL, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BY AND
BETWEEN THE CITY OF COPPELL, TEXAS AND TRANSWESTERN BELTLINE, L.P.;
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 and Transwestern Beltline, L.P., 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.
9219 02551
SECTION 4. The improvements proposed for the Premises will accomplish the tax
abatement guidelines of the City of Coppell, Texas.
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 fi.om and after its passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas, on
this the 14th day of September, 1999.
CITY OF, COPPELL, TEXAS
CANDY SHEEHAN, MAYOR
ATTEST:
LIBBY BALL/INTERIM CITY SECRETARY
APPROVED AS TO FORM:
PETER G. SMITH, CITY ATTORNEY
(PGS/ttl 7/15/99)
2 ss26144
99219 02552
STATE OF TEXAS §
§ TAX ABATEMENT AGREEMENT
COUNTY OF DALLAS §
This Tax Abatement Agreement (the "AGREEMENT") is entered into by and between the
City of Coppell, Texas (the "CITY"), duly acting herein by and through its Mayor, and Transwestem
Beltline, L.P. ("TRANSWESTERN"), acting by and through its 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. 7 (the
"ZONE"), for commercial/'mdustrial tax abatement, as authorized by the Property Redevelopment and
Tax Abatement Act, Chapter 3 12 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, TRANSWESTERN'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
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
TAX ABATEMENT AGREEMENT - Page 1 ss26141
99219 02553
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 TRANSWESTERN, the
proposed owner of the PREMISES within the Tax Abatement Reinvestment Zone for the abatement
of taxes pursuant to Chapter 312 of the TAX CODE as amended;
NOW, TltEREFORE, 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. TRANSWESTERN is the owner of the real property described in Exhibit "A"
attached hereto and made a part hereof for all purposes (the "PREMISES" hereinafter defined), which
real property is located within the city limits of the CITY and within the ZONE.
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
TAXABLE VALUE for the PREMISES is at least Five Million Five Hundred Thousand Dollars
($5,500,000) 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) years, the CITY hereby grants TRANSWESTERN an
abatement of seventy-five percent (75%) of the TAXABLE VALUE of the PREMISES. 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/1999).
7. The period of tax abatement herein authorized shall be for a period of five (5) years.
TAX ABATEMENT AGREEMENT - Page 2 ss26141
99219 0255t
8. During the period of tax abatement herein authorized, TRANSWESTERN 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. The PREMISES shall mean the real property described in Exhibit "A"
attached hereto and incorporated herein for all purposes including any IMPROVEMENTS
but excluding TANGIBLE PERSONAL PROPERTY, and inventory, which is added
thereto subsequent to the execution of this AGREEMENT;
B. The IMPROVEMENTS shall mean the contemplated improvements to be
constructed on the PREMISES and as further described herein.
C. TAXABLE VALUE means the appraised value as certified by the Appraisal
District as of January 1 of a given year.
D. The BASE YEAR TAXABLE VALUE shall mean the total assessed taxable
value for the PREMISES for the year in which the Tax Abatement Agreement is executed
(1999).
E. The FIRST YEAR OF THE TAX ABATEMENT shall mean January 1 of
the calendar year immediately following the issuance of a certificate of occupancy for the
IMPROVEMENTS.
F. TANGIBLE PERSONAL PROPERTY shall mean tangible personal
property, equipment and fixtures other than inventory or supplies added to the
PREMISES subsequent to the execution of this AGREEMENT.
G. An EVENT OF BANKRUPTCY OR INSOLVENCY shall mean the
dissolution or termination of TRANSWESTERN's existence as a going business,
insolvency, appointment of receiver for any part of TRANSWESTERN'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
TRANSWESTERN and such proceeding is not dismissed within thirty (30) days atter the
filing thereof.
TAX ABATEMENT AGREEMENT - Page 3 ss26141
99219 02555
IMPROVEMENTS
10. TRANSWESTERN owns the real property described in Exhibit "A" and agrees to
construct or cause to be constructed thereon an office/warehouse facility consisting of Building A of at
least 105,600 square feet and Building B of at least 135,200 square feet for a total of at least 240,800
square feet (and other ancillary facilities such as reasonably required parking and landscaping more fully
described in the submittals filed by TRANSWESTERN with the CITY from time to time in order to
obtain a building permit) known as (the "IMPROVEMENTS"). The cost of the
IMPROVEMENTS including the land shall be at least Sixteen Million Dollars ($16,000,000).
Nothing in this AGREEMENT shall obligate TRANSWESTERN to construct the
IMPROVEMENTS on the PREMISES, but said action is a condition precedent to tax abatement
pursuant to this AGREEMENT.
CONSTRUCTION OF IMPROVEMENTS
11. As a condition precedent to the initiation of tax abatement pursuant to this
AGREEMENT, TRANSWESTERN will diligently and faithfully, in good and workmanlike manner,
commence construction on or before August 1, 1999 and pursue the completion of the contemplated
IMPROVEMENTS on or before December 31, 2000, 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
TRANSWESTERN shall have such additional time to complete and maintain the
IMPROVEMENTS as may be required in the event of"Force Majeure," if TRANSWESTERN is
diligently and faithfully pursuing completion of the IMPROVEMENTS. For this purpose, "Force
Majeure" shall mean any contingency or cause beyond the reasonable control of TRANSWESTERN
including, without limitation, acts of God or the public enemy, war, riot, civil commotion, insurrection,
adverse weather, government or de facto govemmental action (unless caused by acts or omissions of
TRANSWESTERN), fires, explosions or floods, strikes, slowdowns or work stoppages.
12. TRANSWESTERN agrees to maintain the IMPROVEMENTS during the term of
this AGREEMENT in accordance with all applicable state and local laws, codes, and regulations.
TRANSWESTERN agrees that the IMPROVEMENTS shall be used only as an office/warehouse
facility for a period of five (5) years commencing on the date a 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 IMPROVEMENTS at reasonable times and with reasonable notice
to TRANSWESTERN, and in accordance with TRANSWESTERN'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).
TAX ABATEMENT AGREEMENT - Page 4 ss26141
99219 02556
GENERAL REQUIREMENTS
14. Construction plans for the IMPROVEMENTS constructed on the PREMISES 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, TRANSWESTERN shall certify in
writing to the CITY the construction cost of the IMPROVEMENTS. TRANSWESTERN shall
also annually certify 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 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. TRANSWESTERN agrees to provide to any tenants of the PREMISES, the benefit
of the abatement of real property taxes granted herein. TRANSWESTERN shall, upon written
request, provide the CITY with satisfactory evidence that the benefits of this AGREEMENT have
been provided to the tenants if any of the PREMISES.
DEFAULT: RECAPTURE OF TAX REVENUE
18. In the event TRANSWESTERN fails in performance of any of the 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) has any delinquent ad valorem
or State sales taxes owed to the CITY with respect to the PREMISES (provided
TRANSWESTERN retains its right to timely and properly protest such taxes or assessment); (iii)
upon the occurrence of any "Event of Bankruptcy or Insolvency"; or (iv) breaches any of the terms
and conditions of this AGREEMENT, then TRANSWESTERN, 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, TRANSWESTERN 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 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
property tax revenue lost, including interest as a result of this AGREEMENT, shall be recoverable
against TRANSWESTERN, 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 TRANSWESTERN of any obligations under this AGREEMENT,
the CITY shall notify TRANSWESTERN in writing. TRANSWESTERN shah have thirty (30)
days from receipt of the notice in which to cure any such default. If the default cannot reasonably be
cured within a thirty (30) day pedod, and TRANSWESTERN has diligently pursued such remedies as
TAX ABATEMENT AGREEMENT - Page 5 s826141
99219 02557
shall be reasonably necessary to cure such default, then the CITY may extend the period in which the
violation must be cured.
20. If TRANSWESTERN 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 fight to
terminate this AGREEMENT by written notice to TRANSWESTERN.
21. Upon termination of this AGREEMENT by CITY, all tax revenue abated as a result
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 recaptured tax revenues 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 tax revenue abated for the purposes of the AGREEMENT
shall be based upon the full TAXABLE VALUE without tax abatement for the years in which tax
abatement hereunder was received by TRANSWESTERN 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.
ANNUAL APPLICATION FOR TAX EXEMPTION; RENDmON
22. It shall be the responsibility of TRANSWESTERN, 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 be submitted to the
CITY.
23. TRANSWESTERN shall annually render the values of the PREMISES 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, administrators, legal representatives, successors, and assigns. This
AGREEMENT may be assigned with the consent of the CITY. After any permitted assignment, all
references to TRANSWESTERN herein shall thereafter be a reference to TRANSWESTERN's
successor with respect to any obligations or liabilities occurring or arising after the date of such
assignment.
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 $s26141
99219 02558
If intended for TRANSWESTERN, to:
Attn: Henry J. Knapek
Transwestem Beltline, L.P.
12221 Merit Drive
Suite 450
Dallas, Texas 75251
If intended for CITY, to:
City of Coppell, Texas
City Manager
P. O. Box 478
Coppell, Texas 75019
CITY 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.
SEVERABILITY
27. 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
28. 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
29. 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
30. 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.
TAX ABATEMENT AGREEMENT - Page 7 ss26141
99219 02559
3 1. The provisions of this AGREEMENT are hereby declared covenants running with the
PREMISES and are fully binding on all successors, heirs, and assigns of TRANSWESTERN who
acquire any fight, title, or interest in or to the property, or any part thereof. Any person who acquires
any right, 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 AGREEMENT with respect to the right, title or
interest in such property.
RECORDATION OF AGREEMENT
32. A certified copy of this AGREEMENT shall be recorded in the Deed Records of
Dallas County, Texas.
INCORPORATION OF RECITALS
33. The determinations recited and declared in the preambles to this AGREEMENT are
hereby incorporated herein as part of this AGREEMENT.
EXHIBITS
34. All exhibits to this AGREEMENT are incorporated herein by reference for all
purposes wherever reference is made to the same.
CONSTRUCTION
35. 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. TRANSWESTERN acknowledges that it has obtained legal counsel to assist in the preparation
of this AGREEMENT and that TRANSWESTERN 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.
EXECUTED in duplicate originals this the 21st day of September,1999.
CITY OF COPPELL, TEXAS
CANDY SHEEHAN, MAYOR
ATTEST:
LIBBY BALL, INTERIM CITY SECRETARY
TAX ABATEMENT AGREEMENT - Page 8 ss26141
99219 02560
AGREED AS TO FORM:
PETER G. SMITH, CITY ATTORNEY
EXECUTED in duplicate originals this the 26th day off JULY , 1999.
TAX ABATEMENT AGREEMENT - Page 9 ss26141
99219 02561
CITY'S ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF DALLAS
This instrument was acknowledged before me on the 21st day of SEPTEMBER1999,
by Candy Sheehan, Mayor of the City of Coppell, Texas, a Texas municipality, on behalf of said
municipality.
Libby Ball
Notary Public, State of Texas
My commission Expires:
6-11-2000
TAX ABATEMENT AGREEMENT - Page 10 $s26141
99219 02562
TRANSWESTERN'S ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was acknowledged before me on the 26th day of July, 1999
by Henry Knapek being the Senior V.P. of Transwestern Beltline,
L.P., on behalf of said partnership.
Notarypublic, State of Texas
My Commission Expires
3/16/03
TAX ABATEMENT AGREEMENT - Page 11 ss26141
99219 02563
FIELD NOTES
9EING A TRACT OF LAND SITUATED ~N THE COROELI*" BOWEN SURVEY. ABSTRACT NO. 56. CITY
OF COPPELL. 0ALLAS COUNTY, TEXAS, ANO BEING ALL OF A TRACT OF LANO 0[SC~SED ~ 0EED
TO T~ANS~ESTERN BELTL~NE. L.P. ~S RECORDED ~ VOL. 98248. PG. 721. ~NO ~LS0 8RING 0ESCRIBED
~N DEE0 T0 ~ZOS BELTL~ 0EVELOPMENT. INC. ~S RECOROED ~N VOL. 95248. PC. 0546. A~
~LS0 ~[~NG A PART OF 'TRACT I' ~S DESCRIBED 8Y 0EED TO MCDLF HOLDING COMPANY. RECOROED
N VOLUME ~0150. P~C[ ~511 0F THE DEED RECORDS. 0~LLAS COUNTY. TEXAS AND BEING MORE
PARTICULARLY DESCRIBED ~S ~0LLO~S:
BEOINNINC AT A~2' FOUN0 IRON ROD FOR THE INTERSECTION OF THE WEST LiNE 0F BELT LINE ROAD (A
VSRIASLE WIDTH RI~T-OF-~AY)AND THE NORTH LINE OF LAKESHOR[ DRIVE (A ~0 FOOT RIGHT-0F-~AY AT THIS
POINT). A DEDICATED STREET iN NORTHLAKE 635 BUSINESS PAR~. AN AD01TiON TO THE CITY 0F COPPELL.
TEXAS ACC0~01NG T0 THE PLAT RECORDED iN ~LUME 85056. PAGE 3358. ~[O RECOROS. DALLAS ·
~0UNTY. TEXAS=
T~ENCE ~ITH THE NORTH, NORTHEAST AN0 EAST LINES 0F SAI0 LAKESHORE 0RW[ THE
NCRTH 89 0ECREES ~0 MINUTES OO SEC0NOS WIST, 185.5a ~EET TO ~ ~/~' FOUN0 ~RON
~0R TH~ POINT 0F CU~~LAR CuRvE T0 THE LEFT HAVING A CENTRAL ~NCL[ OF
alTN SAID CURVE IN A WESTERLY OIRECTION IN ~RC 01STANCE 0F 6T.2~ ~[[T TO I ~/Z' FOUN0 IRON ROD
WITH PO~[LL ANO P0WELL CAP (I/Z' FOUN0 IRON R00 WITH CAP1 FOR THE POINT 0F TANCENCY
(LAKESHOR[ DRIVE A 60 FOOT RIGHT-OF-WAY AT THIS POINT):
NO~TH ~9 DEGREES 30 MINUTE5 00 SECONOS WEST. ~88.27 FEET TO 4 '/~' FOUN0 IRON RD0 ~ITH CAP
THE POINT 0F CURVATURE 0F ~ CIRCULAR CURVE T0 T~E RIGHT HAV~N~ A CENTRAL ANGLE 0F 52
WITH SAID C~VE IN A NORTHWESTERLY D~RECTION AN ~RC DISTANCE OF 295.37 FEET T0 ~ ~:' ~0UND
IRON RO0 WITH C~P FOR THE POINT OF TANCENCY:
NORTH ]G 0[GREES 3G MINUTES 5~ SECONOS ~[ST. ~98.49 FEET TO A ~/2' FOUND IRON
FOR THE POINT CF CURVATURE OF A CIRCULAR CURVE T0 THE RIGHT HAVING A CENTRAL *NGL[ 0F ~7
DEGREES 0G MINUTES 53 SECONDS ANOn RA01US 0F ]20.00
alT, 3A:D CURVE ~N A NORTHERLY DIRECTION AN ~RC DISTANCE OF 20T.29 FEET T0 A~/~' F0~N0
IRON ~00 FOR THE POINT OF TAN~[NCYj
NORTH 00 0E,SREES 50 MINUTES O0 5ECONDS EAST. 556.1] FEET T0 A~/Z'~0UND IEON R00
YELC0W PLASTIC CAP STAMPED 'H4LFF ASS0C.. INC.' FOR A CORNER &T
THE rNTEPSECTION 0F S~I0 [~ST LINE 0F LAKESHOR/ 0RIVE AND A L~N[ 5 FOOT NORTH OF ~N0
P~RALLEL T0 THE NORTH LiNE OF A 50 FOOT OPEN CHANNEL O~AINAG[ EASEMENT. A
THENCE 0EP~RT~NC ~AJ0 EAST LiNE AND WITH SAID PnRALLEL LINE THE FOLLOWING:
SOUTH S9 DEGREES ~0 MINUTES O0 SECON0S E~ST. 629.4~ FEET T0 A '/2' FOUNO IRON RD0 ~ITH
YELL0W PLASTIC CAP STAMPED 'HALFF ~SSOC.. I~.' .(1/2' ~R)FOR THE POINT OF CURVATURE
0F C:~CuL~R CUDV[ T0 THE LEFT. MAWNG A CENTRAL aNGLE OF 27 DEGREES 17 MINUTES
5~ SECONOS AND ~ ~DIUS 0F 470.00 FEET:
R00 WITH YELLOW PLASTIC CAP STAMPED 'HALFF ASSOC.. INC.' (1/~' F~R) FOR THE POINT OF ~[VERSE
CURVATURE 0~ ~ C,RCULAR CURVE TO THE RIOHT. HAVING A CENTRAL ~NGLE OF 27 DEGREES 17 MINUTES
51 SECON0S AND ~ RADIUS 0F 5~0.00 FEET~
WITH S~lo CURVE ;N ~N EASTERLY 01RECTION. ~N ARC DISTANCE OF 252.51 FEET TO ~ ~/='FOUN0 IRON
R00 ~ITH YELLOW PLASTIC CAP STAMPED 'HALFF ASSOC.. ~NC.' (1/~' ~IR} FOR THE POINT 0F TANGENCY:
SOUTH 89 ~EGREES 30 MINUTES O0 SECON0S [&ST. 168.~7 FEET TO A~z' FOUND mRON ROD WITH YELLOW
PLASTIC CAP STAMPED 'HALFK ASSOC.. INC.' (I/2' FIR)FOR A CORNER &T THE INTERSECTION OF SAI0
~R~LLEL LINE ~NO THE S~tO ~EST LiNE 0F BELT LINE ROAD. ~HtCH ~E~RS NORTH OD 0EGREES ~0 MINUTES
00 SECONDS EAST. ~ DIS~NC[ 0F ~O.00 FEET FROM A~/Z' ~0UNO ~RON ~00 ~ITH CAP AT THE INTERSECT~0N
0~ THE CENTER L~NE OF SAiD 50 FOOT EASEMENT AND THE SAIO WEST LINE 0F BELT ~tNE ~OlO.
THENCE S0ur~ 00 DE~REES 30 M~NUTES 00 SECONOS ~EST.~235.26 FEEr.~T~ TWE S~ID ~EST UNE 0F
~ELT L;NE ~0~O. T0 ~ ~,~' FOUND iRON RO0 ~ITH YELLO~ PLASTIC C~P STAMPED 'HALF~ ~SSOC..)NC.' (I/2'FmR)
FOR A CORNER:
THENCE SOUTH l0 DEGREES 48 MmNUTES 36 SECONDS EAST 56.09 FEET. W,TH THE SAID wEST LiNE 0F
~[LT kiNE R0~0. T0 THE PLACE 0F BEOmNNINC AN0 CONTAINING 1.430.213 SOb~RE FEET OR
~2.83 ICRES 0F L~N0, MORE OR LESS.
SURVEYOR'S
EXHIBIT "A"
99 NOV - 9 AH I!: 3 7 ,., provision herein which restff~ts the sale. renta,, or use
· described real prope~ because of co1¢ m race Is InvaliQ
L~ )' '~2'~ ~ UCK STATE OF TEXAS COU~ OF DAL~S
f4 N ~ ~. ~ stamped hereon by me and was duly rec~d~ in the v~lume
page of the named reco[d~ ~f Daltas Goun~ T~ ~ ~m~
NOV g
~ COUN~ C~R~ Dallas Count, T~
· ' ~:'~::'::'-.~: ' PO~x 4~