RE 2010-0928.5201
RESOLUTION 1115
RESOLUTION NO. „s�
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 SAMSUNG
TELECOMMUNICATIONS AMERICA, LLC; AUTHORIZING ITS EXECUTION BY
THE MAYOR PRO TEM; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council has been presented a proposed Tax Abatement Agreement by
and between the City of Coppell, Texas and Samsung Telecommunications America, LLC, a
Delaware limited liability company, 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 Pro Tern 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 Pro Tern is hereby
authorized to execute the Agreement on behalf of the City of Coppell, Texas.
SECTION 2. The 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.
1
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 2$Y—A of 2010.
CITY OF COPPELL, TEXAS
BOA MAHALIK, MAYOR PRO TEM
ATTEST:
_ / l
APPROVED AS TO FORM:
CITY ATTO"
(PGS:9- 21- 10:45407)
2
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"), and Samsung Telecommunications America, LLC, a Delaware
limited liability company (the "Lessee "), acting by and through their authorized representatives.
WITNESSETH:
WHEREAS, the City Council of the City of Coppell, Texas, (the "City"), passed an
Ordinance (the "Ordinance ") establishing Tax Abatement Reinvestment Zone No. 5'7 (the "Zone ")
for the real property described in Exhibit "A" (the "Land "), for commercial/industrial 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 corporate 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, Lessee has or intends to lease approximately 300,000 square feet of office and
light manufacturing space in the existing building located at 240 Dividend, Suite 200, Coppell,
Texas (hereinafter defined as the "Improvements "), to serve as the Lessee's Samsung Coppell
Packaging Facility, for a period of at least ten (10) years (hereinafter defined as the "Lease "), and
intends to locate and maintain Tangible Personal Property (hereinafter defined) at the
Improvements; and
WHEREAS, the development efforts of the Lessee described herein will create permanent
new jobs in the City; and
WHEREAS, the City Council finds that the contemplated use of the Improvements, 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
Coppell/Samsung Telecommunications America LLC Tax Abatement Agreement —Page 1 42753
WHEREAS, the City Council finds that the Improvements sought are feasible and
practicable and would be of benefit to the Land 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
Property is located; and
WHEREAS, the City desires to enter into an agreement with the Lessee 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 the City and the enhancement of the
tax base in the City, the parties agree as follows:
Article I
Definitions
Wherever used in this Agreement, the following terms shall have the meanings ascribed
to them:
"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.
"City" shall mean the City of Coppell, Dallas County, Texas.
"Effective Date" shall mean the last date of execution of this Agreement.
"First Year of Abatement" shall mean January 1 of the calendar year following the date
of issuance of a certificate of occupancy by the City for the Lessee's occupancy of the Leased
Premises.
"Force Majeure" shall mean any contingency or cause beyond the reasonable control of a
party 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 such party), fires, explosions or floods, strikes, slowdowns or work
stoppages.
Coppell/Samsung Telecommunications America, LLC Tax Abatement Agreement —Page 2 42753
"Freeport Goods" shall have the same meaning as assigned by Section 11.251 of the Tax
Code and Article VIII, Section 1-j of the Texas Constitution and located on the Property. Freeport
Goods does not include "Goods in Transit" as defined by Tax Code, Section 11.253.
"Goods in Transit" shall have the same meaning assigned by Tax Code, Section 11.253.
"Improvements" shall mean the existing building on the Land containing approximately
700,000 square feet of space located at 240 Dividend, Coppell, Texas.
"Land" means the real property described in Exhibit "A ".
"Lease" shall mean the lease of the of approximately 300,000 square feet of office and
manufacturing space in the Improvements by Lessee for a period of not less than ten (10) years
commencing on the Lease Inception Date.
"Lease Inception Date" shall mean the date the term of the Lease commences but not later
than the date the certificate of occupancy is issued by the City for the occupancy of the Leased
Premises by the Lessee.
"Leased Premises" shall mean approximately 300,000 square feet of office and light
manufacturing space in the Improvements.
"Lessee" shall mean Samsung Telecommunications America, LLC, a Delaware limited
liability company.
"Premises" shall mean collectively, the Land and Improvements, but excluding the Tangible
Personal Property.
"Tangible Personal Property" shall mean tangible personal property, equipment and
fixtures (but excluding supplies, inventory, Freeport Goods and Goods in Transit) owned or
leased by Lessee that is added to the Leased Premises subsequent to the execution of this
Agreement.
"Taxable Value" means the appraised value as certified by the Appraisal District as of
January 1 of a given year.
Article II
General Provisions
2.1 The Lessee has or intends to enter into the Lease. The Lessee intends to locate and
maintain Tangible Personal Property at the Leased Premises.
12 The Premises are not in an improvement project financed by tax increment bonds.
2.3 This Agreement is entered into subject to the rights of the holders of outstanding
bonds of the City.
Coppell/Samsung Telecommunications America, LLC Tax Abatement Agreement —Page 3 42753
2.4 The Premises and Tangible Personal Property 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.
2.5 Lessee shall before May 1, of each calendar year that the Agreement is in effect,
certify in writing to the City that it is in compliance with each term of the Agreement.
2.6 The Land 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.
Article III
Tax Abatement Authorized
3.1 This Agreement is authorized by the Tax Code and in accordance with the City Tax
Abatement Guidelines, and approved by resolution of the City Council.
3.2 Subject to the terms and conditions of this Agreement, and provided the Taxable
Value of the Tangible Personal Property is at least Nine Hundred Thousand Dollars ($900,000.00)
as of the First Year of Abatement and as of January 1 of each calendar year thereafter during the
term of this Agreement, the City hereby grants Lessee an abatement of the Taxable Value of the
Tangible Personal Property for a period of ten (10) consecutive years beginning with the First Year
of Abatement in accordance with the schedule below. The actual percentage of Taxable Value of
the Tangible Personal Property subject to abatement for each year this Agreement is in effect will
apply only to the Tangible Personal Property that is added to the Leased Premises subsequent to the
execution of this Agreement.
Year of Abatement Percentage of Abatement
1-5 75%
6-10 50%
3.3 The period of tax abatement herein authorized shall be for a period of ten (10)
consecutive years beginning with the First Year of Tax Abatement.
3.4 During the period of tax abatement herein authorized, Lessee shall be subject to
all taxation not abated, including but not limited to, sales tax and ad valorem taxation on land,
inventory and supplies.
3.5 The Lessee agrees to locate and maintain Tangible Personal Property at the
Leased Premises with a Taxable Value of at least Nine Hundred Thousand Dollars ($900,000.00)
as of the First Year of Abatement and as of January 1 of each calendar year thereafter during the
term of this Agreement.
Coppell/Samsung Telecommunications America, LLC Tax Abatement Agreement —Page 4 42753
3.6 The Lessee agrees to continuously lease and occupy the Leased Premises for a
period of ten (10) years beginning on the Lease Inception Date.
3.7 The term of this Agreement shall begin on the Effective Date and continue until
March 1 of the calendar year following the tenth (10 anniversary date of the First Year of
Abatement, unless sooner terminated as provided herein.
Article IV
Improvements
4.1 Nothing in this Agreement obligates the Lessee to enter into the Lease and/or
occupy the Leased Premises, but said action is a condition precedent to tax abatement pursuant to
this Agreement.
4.2 As a condition precedent to the initiation of the Lessee's tax abatement pursuant to
this Agreement, Lessee agrees to enter into the Lease on or before June 1, 2010. Lessee agrees and
covenants to continuously lease and occupy the Leased Premises for a period of at least ten (10)
years commencing on the Lease Inception Date.
4.3 Lessee agrees to maintain the Leased Premises during the term of this Agreement in
accordance with all applicable state and local laws, codes, and regulations.
4.4 The City, its agents and employees shall have the right of access to the Leased
Premises during Lessee's occupancy of the Leased Premises to inspect the Leased Premises at
reasonable times and with reasonable notice to Lessee, and in accordance with Lessee's visitor
access and security policies, in order to insure that the use of the Leased Premises are in accordance
with this Agreement and all applicable state and local laws and regulations (or valid waiver thereof).
Article V
Default: Recapture of Tax Revenue
5.1 In the event Lessee: (i) fails to occupy the Leased Premises in accordance with this
Agreement or in accordance with applicable State or local laws, codes or regulations; (ii) has
delinquent ad valorem or sales taxes owed to the City (provided Lessee retains its right to timely
and properly protest such taxes or assessment); (iii) suffers an event of "Bankruptcy or
Insolvency"; or (iv) breaches any of the terms and conditions of this Agreement which is not
otherwise cured within the applicable cure period, then Lessee 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 Lessee shall, within thirty (30) days after termination, pay to the City all
taxes which otherwise would have been paid by the Lessee to the City without benefit of a tax
abatement for the Tangible Personal Property, 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 Lessee, its successors and assigns and shall
Coppell/Samsung Telecommunications America, LLC Tax Abatement Agreement —Page 5 42753
constitute a tax lien against the Tangible Personal Property, and shall become due, owing and shall
be paid to the City within thirty (3 0) days after termination.
5.2 Upon breach by Lessee of any obligations under this Agreement, the City shall
notify the Lessee in writing, who shall 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 period, and
the Lessee has diligently pursued such remedies as shall be reasonably necessary to cure such
default, then the City may extend the period in which the default must be cured.
5.3 If the Lessee 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, by written notice to the Lessee.
5.4 Upon termination of this Agreement by City, all tax abated as a result of this
Agreement, shall become a debt to the City as liquidated damages, as set forth in Section 5.1 above,
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 the purposes of the
Agreement shall be based upon the full Taxable Value of the Tangible Personal Property, without
tax abatement for the years in which tax abatement hereunder was received by the Lessee, 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.
Article VI
Annual Application for Tax Exemption
It shall be the responsibility of the Lessee pursuant to the Tax Code, to file an annual
exemption application form with the Chief Appraiser of the Appraisal District in which the eligible
taxable property has situs. A copy of the exemption application shall be submitted to the City upon
request.
Article VII
Annual Rendition
The Lessee shall annually render the value of the Tangible Personal Property to the
Appraisal District and provide a copy of the same to the City upon written request.
Article VIII
Miscellaneous
8.1 Notice 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:
Coppell/Samsung Telecommunications America LLC Tax Abatement Agreement —Page 6 42753
If intended for Lessee, to:
Attn: Maggie Ouyang
Tax Accountant
Samsung Telecommunications America
1301 East Lookout Drive
Richardson, Texas 75082
Phone: 972.761.7757
If intended for City, to:
Attn: City Manager
City of Coppell, Texas
P. O. Box 478
Coppell, Texas 75019
Fax: 972.304.3673
Phone: 972.304.3677
With a copy to:
Peter G. Smith
Nichols, Jackson, Dillard, Hager & Smith, L.L.P.
1800 Lincoln Plaza
500 N. Akard
Dallas, Texas 75201
Fax: 214.965.0010
Phone: 214.965.9900
E -Mail: psmith @njdhs.com
8.2 Authorization. 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.
8.3 Severability 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.
8.4 Governing Law 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. The parties agree to submit to the personal and subject matter jurisdiction of said
court.
8.5 Counterparts 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.
Coppell/Samsung Telecommunications America, LLC Tax Abatement Agreement —Page 7 42753
8.6 Entire Agreement 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.
8.7 Recitals The determinations recited and declared in the preambles to this Agreement
are hereby incorporated herein as part of this Agreement.
8.8 Exhibits. All exhibits to this Agreement are incorporated herein by reference for all
purposes wherever reference is made to the same.
8.9 Assignment. 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 prior written consent of
the City Manager.
8.10 Conditions Precedent This Agreement is condition on and subject to the
following: (i) the Lessee providing a fully executed copy of the Lease to the City; and (ii) the
Lessee entering the Lease on or before June 1, 2010.
8.11 Employment of Undocumented Workers During the term of this Agreement, the
Lessee agrees not to knowingly employ any undocumented workers and if convicted, by a final
non - appealable conviction, of a violation under 8 U.S.C. Section 1324a (0, the Lessee shall
repay the taxes abated herein as of the date of such final non - appealable conviction within 120
business days after the date the Lessee is notified by the City of such final non - appealable
conviction, plus interest at the rate of 6% compounded annually from the date of such final non-
appealable conviction until paid.
8.12 Right of Offset The City may at its option, offset any amounts due and payable
under this Agreement against any debt (including taxes) lawfully due to the City from the
Lessee, regardless of whether the amount due arises pursuant to the terms of this Agreement or
otherwise and regardless of whether or not the debt due the City has been reduced to judgment
by a court.
EXECUTED in duplicate originals the zy oAfM.Awo 10.
CITY OF COPPELL, TEXAS
i
By:
ob Mahalik, Mayor Pro Tern
Coppell /SamsungTelecommunications America, LLC Tax Abatement Agreement —Page 8 42753
Attest:
• ���� .
Agreed as to Form:
By:
City Attorney
EXECUTED in duplicate originals the N day of orjvLer , 2010.
SAMSUNG TELECOMMUNICATIONS AMERICA, LLC,
a Delaware limited liability_ company
By:_
Name:
Title:
Coppell/SamsunQ Telecommunications America, LLC Tax Abatement Agreement —Page 9 42753
City Acknowledgment
STATE OF TEXAS §
COUNTY OF DALLAS § UU --
This instrument was acknowledged before me on,� 33 by of 010, by
Bob Mahalik, as Mayor Pro Tern of the City of Coppell, Texas, on be alf of said municipality.
e Comm . LIBBY BALL
Notary Public
State of Texas
Expires 6-11 -2012
No Public to of Texass
My Commission Expires: 4 = &- /Z-
Company Acknowledgment
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was acknowledged before me on the day of
2010, by S' Se Ptrx C hE as Crt
Telecommunications America, LC, a Delaware limited liability company,
company.
PHAM HONG
My Commission Expires
November 05, 2013
VtL'�'
of Samsung
on behalf of said
A'eu"' ALI
K o - tary Public, State of Texas
My Commission Expires:
Coppell/Samsung Telecommunications America, LLC Tax Abatement Agreement -Page 10 42753
EXHIBIT "A"
Legal Description of the Land
Coppell/Samsung Telecommunications America LLC Tax Abatement Agreement —Page 11 42753
DESCRIPTION, of an 36.173 acre tract of land situated in the Cordelia Bowen Survey, Abstract No. 56, in
the City of Coppell, Dallas County, Texas; being part of that tract of land described in a Special Warranty
Deed as "Tract 1" to Duke Realty Limited Partnership recorded in Instrument No. 200600301442 of the
Deed Records of Dallas County, Texas; said 36.173 acre tract being more particularly described as follows:
COMMENCING, at a'' /z -inch iron rod with "Pacheco Koch" cap found at the south end of a comer -clip at
the intersection of the west right -of -way line of Beltline Road (a 120 -foot wide right -of -way) with the
north line of Dividend Drive, a (90 -foot wide right -of -way) according to the plat of Lot 1 and Lot 2, Block
C Duke Lesley Addition Dividend Drive and Point West Boulevard recorded in Inst. No. 20070240528, of
said Deed Records;
THENCE, along said north line of Dividend Drive, the following seven (7) calls:
North 89 degrees, 57 minutes, 33 seconds West, a distance of 928.81 feet to a'' /z -inch iron rod with
"Pacheco Koch" cap found for corner; said point being the beginning of a tangent curve to the left;
In a southwesterly direction, along said curve to the left, having a central angle of 27 degrees, 56
minutes, 26 seconds, a radius of 495.00 feet, a chord bearing and distance of South 76 degrees, 04
minutes, 14 seconds West, 239.00 feet, an arc distance of 241.39 feet to a'' /z -inch iron rod with
"Pacheco Koch" cap found for corner at the POINT OF BEGINNING;
In a southwesterly direction, continuing along said curve to the left, having a central angle of 04
degrees, 04 minutes, 55 seconds, a radius of 495.00 feet, a chord bearing and distance of South 60
degrees, 03 minutes, 34 seconds West, 35.26 feet, an arc distance of 35.27 feet to a'' /z -inch iron
rod with "Pacheco Koch" cap found at the end of said curve; said point being the beginning of a
reverse curve to the right;
In a southwesterly direction, along said curve to the right, having a central angle of 32 degrees, 01
minutes, 21 seconds , a radius of 405.00 feet, a chord bearing and distance of South 74 degrees,
O1 minutes, 46 seconds West, 223.42 feet, an arc distance of 226.35 feet to a'' /z -inch iron rod with
"Pacheco Koch" cap found at the end of said curve;
North 89 degrees, 57 minutes, 33 seconds West, a distance of 1096.36 feet to a'h -inch iron rod
with "Pacheco Koch" cap found for comer; said point being the beginning of a tangent curve to
the right;
In a northwesterly direction, along said curve to the right, having a central angle of 54 degrees, 13
minutes, 48 seconds, a radius of 405.00 feet, a chord bearing and distance of North 62 degrees, 50
minutes, 39 seconds West, 369.18 feet, an arc distance of 383.33 feet to a' /z -inch iron rod with
"Pacheco Koch" cap found at the end of said curve;
North 35 degrees, 43 minutes, 45 seconds West, a distance of 561.95 feet to a'' /Z -inch iron rod with
"Pacheco Koch" cap found for comer;
THENCE, North 54 degrees, 16 minutes, 15 seconds East, departing the said north line of Dividend Drive,
a distance of 263.79 feet to a'h -inch iron rod with "Pacheco Koch" cap found for comer;
THENCE, South 89 degrees, 57 minutes, 33 seconds East, a distance of 5.61 feet to a'' /z -inch iron rod with
"Pacheco Koch" cap found for comer;
THENCE, North 00 degrees, 02 minutes, 27 seconds East, a distance of 50.00 feet to a %z -inch iron rod with
"Pacheco Koch" cap found for comer;
THENCE, South 89 degrees, 57 minutes, 33 seconds East, a distance of 185.23 feet to a'' /Z -inch iron rod
with "Pacheco Koch" cap found for comer;
THENCE, North 00 degrees, 02 minutes, 27 seconds East, a distance of 77.20 feet to a'' /2 -inch iron rod with
"Pacheco Koch" cap found for corner;
THENCE, South 89 degrees, 57 minutes, 33 seconds East, a distance of 1,565.75 feet to a' /2 -inch iron rod
with "Pacheco Koch" cap found for comer;
THENCE, South 00 degrees, 02 minutes, 27 seconds West, a distance of 773.36 feet to a'' /2 -inch iron rod
with "Pacheco Koch" cap found for comer;
THENCE, South 27 degrees, 53 minutes, 59 seconds East, a distance of 59.99 feet to the POINT OF
BEGINNING;
CONTAINING, 1,575,695 square feet or 36.173 acres of land, more or less.
Filed and Recorded
Official Public Records
John F. Warren, County Clerk
Dallas County, TEXAS
05/17/2011 0 2.34.15 PM
$72.00
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W-- m A-
201100125806