OR 92-543 Assessment/Service Plan Gateway Public Improvement District ORDINANCE NO. 92543
AN ORDINANCE APPROVING AN ASSESSMENT/SERVICE PLAN
AND AN ASSESSMFNT ROLL FOR COPPF. 1.1. GATEWAY PUBLIC
IMPROVEMENT DISTRICT, I.F. VYING SPECIAL ASSESSMENTS
AGAINST PROPERTY WITHIN THE DISTRICT PROVIDING FOR
ASSESSIVIENTS TO BE PAID OVER A TWENTY (20) YEAR PERIOD
IN ACCORDANCE WITH THE PUBLIC IMPROVEMENT DISTRICT
ASSESSMENT ACT SPECFYING THE METHOD OF PAYMENT AND
THE AMOUNT OF ANNUAL INSTALLMENTS, AND PROVIDING
PENALTIES AND INTEREST ON D~I ,INQUENT ASSESSMENTS
RECITALS
A petition was submitted to the City Secretary of the City of Coppell, Texas (the
"City"), pursuant to the Public Improvement District Assessment Act, Chapter 372, Texas
Local Government Code (the "Code"), requesting the creation of a public improvement
district over Coppell Gateway ("Coppell Gateway") to be known as Coppell Gateway
Public Improvement District (the "District").
The petition contained the signatures of owners of property representing more than
fifty percent (50%) of the appraised value of taxable real property liable for assessment
within the District as determined by the current roll of the Dallas County Appraisal
District and the signatures of property owners who own taxable real property that
constitutes more than fifty percent (50%) of the area of all taxable property that iS liable
for assessment by the District.
The City Council conducted a hearing on the advisability of creating the District on
July 30, 1991, after giving notice of the hearing in accordance with the requirements of the
Code.
On July 30, 1991, the City Council passed and approved Resolution No. 073091.1
making certain findings in connection with the District, relating to the advisability of
services, the nature of the services, the estimated cost of the services, the boundaries of
the District, the method of assessment and the apportionment of costs between the
District and the City, authorizing the creation of the District, and making and directing the
publication of notice of the authorization and creation of the District.
Notice of the authorization of the District was published in the Citizens Advocate,
a newspaper of general circulation within the City and within the District, on
ORDINANCE NO. 92-543
AN ORDINANCE APPROVING AN ASSESSMENT/SERVICE PLAN
AND AN ASSESSMENT ROLL FOR COPPEI,I. GATPiWAY PUBLIC
IMPROVEMENT DISTRICT, I.F. VYING SPECIAL ASSESSMENTS
AGAINST PROPERTY WITHIN THE DISTRICT PROVIDING FOR
ASSESSMENTS TO BE PAID OVER A TWENTY (20) YEAR PERIOD
IN ACCORDANCE WITH THE PUBLIC IMPROVEMENT DISTRICT
ASSESSMENT ACT SPECIFYING THE METHOD OF PAYMENT AND
THE AMOUNT OF ANNUAL INSTAI-I.MENTS, AND PROVIDING
PENALTIES AND INTEREST ON DIRI JNQUENT ASSESSMENTS
RECITALS
A petition was submitted to the City Secretary of the City of Coppell, Texas (the
"City"), pursuant to the Public Improvement District Assessment Act, Chapter 372, Texas
Local Government Code (the "Code"), requesting the creation of a public improvement
d/strict over Coppell Gateway CCoppell Gateway") to be known as Coppell Gateway
PubIic Improvement District (the "District").
The petition contained the signatures of owners of property representing more than
fifty percent (50%) of the appraised value of taxable real property liable for assessment
within the District as determined by the current roll of the Dallas County Appraisal
District and the signatures of property owners who own taxable real property that
constitutes more than fifty percent (50%) of the area of all taxable property that is liable
for assessment by the District.
The City Council conducted a heating on the advisability of creating the District on
,[uly 30, 1991, after giving notice of the hearing in accordance with the requirements of the
Code.
On July 30, 1991, the City Council passed and approved Resolution No. 073091.1
making certain findings in connection with the District, relating to the advisability of
services, the nature of the services, the estimated cost of the services, the boundaries of
the District, the method of assessment and the apportionment of costs between the
District and the City, authorizing the creation of the District, and making and directing the
publication of notice of the authorization and creation of the District.
Notice of the authorization of the District was published in the Citizens Advocate,
a newspaper of general circulation within the City and within the District, on
September 20, 1991, as required by the Code. The owners of the land in the district
acknowledged notice of the hearing and waived notice of the hearing.
By Ordinance No. 92-542, dated March 31, 1992, the City Council of the City
approved and adopted a Preliminary Assessment/Service Plan and a Proposed Assessment
Roll, directed that the Proposed Assessment Roll be filed with the City Secretary for
public inspection as required by the Code, directed that a hearing to be held on April 14,
1992, at 7:00 p.m. at which the City Council would consider approving the Preliminary
Assessment/Service Plan and the Proposed Assessment Roll as the final Assessment/-
Service Plan and Assessment Roll of the District, respectively, and assessing assessments
payable at the time and at the rate and in the amount proposed in the Preliminary
Assessment/Service Plan against each parcel of property in the District as set forth in the
Proposed Assessment Roll, and directed the City Secretary to give notice of the hearing
in the manner required by the Code.
The City Council conducted the hearing at 7:00 p.m. on the 14th day of April,
1992, at which all persons who appeared, or requested to appear, in person or by their
attorney were given the opportunity to contend for or contest the Assessment/Service Plan,
the Assessment Roll, and each proposed assessment, and offer testimony pertinent to any
issue presented on the amount of the assessment, purpose of the assessment, special
benefit of the assessment, and the penalties and interest on annual installments and on
delinquent annual installments of the assessment.
Several persons appeared in support of the Assessment/Service Plan, and the levy
of assessments as proposed in the Assessment Roll. No one appeared at the hearing in
opposition.
The City Council finds and determines that the Preliminary Assessment/Service
Plan with minor modifications should be approved and the assessments which should be
levied are substantially as provided in the Proposed Assessment Roll.
City Council further finds that there were no written objections or evidence
submitted to the City Secretary in opposition to the Preliminary Assessment/Service Plan,
the Assessment Roll, and the levy of assessments, but there was material submitted in
support thereof.
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The City Council of the City closed the hearing, and after considering all evidence
presented at the heating, both written and documentary, and all written comments and
statements filed with the City, finds and determines as follows:
1. The advisory board to the City Council of the City has approved the Preliminary
Assessment/Service Plan and the Preliminary Assessment Roll as required by previous
directions of the City Council and recommended that the City Council approve the Assess-
ment/Service Plan and Assessment Roll of the District.
2. That the Preliminary Assessment/Service Plan with the modifications provided
in the Final Assessment/Service Plan attached as Exhibit "A" should be approved as the
Assessment/Service Plan for the District.
3. That the Assessment Roll in the form attached as Exhibit "B" to the
Assessment/Service Plan should be approved as the Assessment Roll for the District.
4. That there should be levied and collected in installments for each of the years
1992 through 2012 against all property shown on the Assessment Roll, assessments on
each square foot of net usable land in the District, at the rate and in the amount
hereinafter set forth in Section 4 of this Ordinance (the "Improvement Assessments") and
at the rate and in the amount hereinafter set forth in Section 6 of this Ordinance (the
"Administrative Expense Assessments"). Each Improvement Assessment may be paid in
full at any time or may be paid in annual installments (the "Annual Installments") for such
Improvement Assessment as shown on the Assessment Roll. Any Improvement
Assessment may be paid in full at any time by paying the unpaid amount of the
Improvement Assessment plus any accrued interest and penalties thereon on all Annual
Installments.
5. All of the real property in the District which is being assessed by the City
Council in the amounts shown in the Assessment Roll will be benefitted by the services
and improvements proposed to be provided by the City through the District in the
Assessment/Service Plan, and each parcel of real property will receive special benefits in
each year equal to or greater than each Annual Installment of Improvement Assessment
and each annual Administrative Expense Assessment and will receive special benefits
during the twenty (20) year period of assessments equal to or greater than the total
amount assessed. (The Improvement Assessments and the Administrative Expense
Assessments will be referred to collectively as the "Assessments.")
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6. The cost of providing services and improvements for the District as shown in
the Assessment/Service Plan on the basis of an equal assessment for each square foot of
net usable land within the District results in imposing equal shares of the cost on property
similarly benefitted, and results in a reasonable classification and formula for the
apportionment of costs of the various classes of services and improvements proposed to
be provided in the Assessment/Service Plan to the benefitted property within the District.
7. The method of apportioning the cost of the services and improvements to be
provided pursuant to the Assessment/Service Plan between the City and the area within
the District as provided in the Assessment/Service plan is fair and reasonable and results
in a reasonable and fair classification and formula for apportioning the cost between the
City, the District, and the property benefitted.
8. The provisions relating to due and delinquency dates for the Assessments, each
Annual Installment of the Assessments, interest on Annual Installments of Assessments,
interest and penalties on delinquent Assessments and delinquent Annual Installments of
the Assessments, and procedures in connection with the imposition and collection of
Assessments as set forth in the Assessment/Service Plan should be approved and will
expedite collection of the Assessments in a timely manner in order to provide the services
and improvements needed and required for the area within the District.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS:
Section 1. Findings. That the recitals and findings in the preamble of this
Ordinance are hereby found and determined to be true and correct.
Section 2. Assessment Plan. The Assessment/Service Plan, in the form attached
as Exhibit "&" is hereby approved as the Assessment/Service Plan for the District.
Section 3. Assessment Roll. The Assessment Roll, attached as Exhibit "B" to the
Assessment/Service Plan, is hereby approved as the Assessment Roll of the District.
Section 4.. Levy of Assessments for Improvement Costs. There is hereby levied by
the City Council an Improvement Assessment of $0.5802976 per square foot of net usable
land within the District to pay the improvement costs set forth in Article III of the
Assessment/Service Plan which shall be due on the effective date of this Ordinance. Each
Improvement Assessment may be paid immediately or in periodic Annual Installments
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over a period of twenty (20) years. The Annual Installment to be paid each year per
square foot of net usable land is shown in Schedule II to the Assessment/Service Plan
("Schedule II"). Each Improvement Assessment shall bear interest per annum from
September 28, 1992 until paid at the rate of 8.610% per annum, calculated on the basis
of a 360-day year of twelve 30-day months, also shown on Schedule II to the
Assessment/Service Plan. Each Annual Installment, together with the interest on the
unpaid amount of an Improvement Assessment, shall be due on January 31 of each year
(the "Installment Payment Date") with the first Annual Installment being due on January
31, 1993 and each subsequent Annual Installment being due on January 31 of each year
thereafter with the final Annual Installment due January 31, 2012. Each Annual
Installment, together with interest thereon, shall be delinquent if not paid prior to
February 1 of the year such Annual Installment is due (the "Delinquency Date"). The
principal amount of each Annual Installment of an Improvement Assessment, the interest
due on the unpaid principal amount of an Improvement Assessment and the unpaid
amount of an Improvement Assessment on each Installment Payment Date per square
foot of net usable land is shown in Schedule II. The Annual Installment which each
parcel is required to pay is determined by multiplying the square foot of net usable land
in the parcel by the amounts shown on Schedule II for that year.
Section 5. Prepayment of Improvement Assessments. Pursuant to the provisions
of Section 372.018(b) of the Act, an Improvement Assessment may be paid in whole or
in part at any time by paying the unpaid amount of the Improvement Assessment plus the
interest accrued or penalties that have been imposed prior to the date of payment of the
Improvement Assessment. To determine the unpaid amount of the Improvement
Assessment, see Schedule II.
Section 6. Levy of Assessments to Pay Administrative Expenses of the District. As
authorized by Section 372.003(14) of the Act, there is hereby levied each year, while the
Bonds are outstanding and unpaid, to pay the annual costs of the administration and
operation of the District an Administrative Expense Assessment in the amount of
$0.000522 per square foot of net usable land in the District. The Administrative Expense
Assessment shall remain in effect from year to year until all bonds described in the
Assessment/Service Plan and issued pursuant to Ordinance No. 92-544 adopted
simultaneously with this Ordinance (the "Bonds") are finally paid or until the City adjusts
the levy after a hearing and determination of benefits in any year pursuant to Section
372.015(d) of the Act. Administrative Expense Assessments shall be due on January 31
of the year following their levy and shall be delinquent if not paid prior to February 1
(the "Delinquency Date").
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Section 7. Interest on Delinquent Administrative Expense Assessments and Annual
Installments. A delinquent Annual Installment (and the delinquent interest thereon) and
a delinquent Administrative Expense Assessment (and the delinquent interest thereon) will
accrue interest at the rate of one percent (1%) for each month or portion of a month the
Annual Installment or Administrative Expense Assessment remains unpaid after it becomes
delinquent. Delinquent interest shall not exceed the amount permitted by Chapter 372
of the Code or other applicable law.
Section 8. Penalties. A delinquent Annual Installment and a delinquent
Administrative Expense Assessment will incur a penalty of six percent (6%) of the amount
of the Annual Installment or Administrative Expense Assessment for the first calendar
month or fraction thereof it is delinquent, plus one percent (1%) for each additional
month or fraction thereof the Annual Installment or Administrative Expense Assessment
remains unpaid prior to July 1 of the year in which it becomes delinquent; however, an
Annual Installment or Administrative Expense Assessment delinquent on July 1 will incur
a total penalty of twelve percent (12%) of the amount of the delinquent Annual
Installment or Administrative Expense Assessment without regard to the number of
months the Annual Installment or the Administrative Expense Assessment has been
delinquent. Penalties shall not exceed the amount permitted by Chapter 372 of the Code
or other applicable law.
Section 9. Additional Penalty. If an Annual Installment or an Administrative
Expense Assessment remains delinquent on July 1 in the year in which the Annual
Installment or the Administrative Expense Assessment became delinquent, there is
imposed an additional penalty to defray costs of collection if it is necessary for the City
to contract with an attorney for the purposes of representing the City in the collection of
the delinquent Annual Installment or Administrative Expense Assessment. The additional
penalty shall be fifteen percent (15%) of the Annual Installment or the Administrative
Expense Assessment and the penalties and interest on the Annual Installment or the
Administrative Expense Assessment. The additional penalties shall not exceed the amount
permitted by Chapter 372 of the Code or other applicable law.
Section 10. No Discounts or Split Payments. There will be no split payment of an
Annual Installment or an Administrative Expense Assessment or discount for the early
payment of an Annual Installment or an Administrative Expense Assessment.
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Section 11. Lien for Collection of Assessments. Assessments levied by this
Ordinance, together with interest, penalties, and expense of collection and reasonable
attorney's fees, as permitted by the Code, shall be a first and prior lien against the
property assessed, superior to all other liens and claims, except liens or claims for state,
county, school district, or municipal ad valorera taxes, and shall be a personal liability of
and charge against the owner of the property regardless of whether the owners are
named. The lien for Assessments (including each Annual Installment of the Improvement
Assessments) and penalties and interest thereon is effective from the date of this
Ordinance levying the Assessment until the Assessment is paid, or the Bonds are finally
paid, and shall be enforced by the City in the manner provided by Vernon's Texas Tax
Code for collecting ad valorem taxes on real property.
Section 12. Applicabilitv of Tax Code. To the extent not inconsistent with this
Ordinance, and not inconsistent with Chapter 372 of the Code or the other laws governing
public improvement districts, the provisions of Vernon's Texas Tax Code shall be
applicable to the imposition and collection of the Assessments by the City.
Section 13. No Acceleration of Installments. Failure to pay an Annual Installment
when due shall not accelerate the payment of the remaining Annual Installments of the
Improvement Assessments and such remaining Annual Installments (together with interest
thereon) shall continue to be due and payable at the same time and in the same amount
and manner as if such default had not occurred.
Section 14. Lien Survives Foreclosure. Any sale of property for nonpayment of
an Annual Installment or an Administrative Expense Assessment shall be subject to the
lien established for the remaining unpaid Annual Installments of the Improvement
Assessment and the Administrative Expense Assessments against such property and such
property may again be sold at a judicial foreclosure sale if the purchaser thereof fails to
make timely payment of the nondelinquent Annual Installments and the Administrative
Expense Assessments against such property as they become due and payable pursuant to
the terms of this Ordinance levying assessments and Ordinance No. 92-544 authorizing the
issuance of the Bonds.
Section 15. Notices of Assessments. The City shall mail, by November 1 of the
year prior to its due date, a notice of the next maturing Annual Installment and the next
Administrative Expense Assessment to the then current owner of each property assessed.
Such notice shall set forth the total amount due on the next due date, including any
interest thereon. By April 1 of each year, the City shall mail a notice to the then current
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owner of each property assessed which has a delinquent Annual Installment or a
delinquent Administrative Expense Assessment setting forth the amount delinquent and
the penalties and interest due thereon to accrue.
Section 16. Severability. If any provision, section, subsection, sentence, clause, or
phrase of this Ordinance, or the application of same to any person or set of circumstances
is for any reason held to be unconstitutional, void, or invalid, the validity of the remaining
portions of this Ordinance or their application to other persons or sets of circumstances
shall not be affected thereby, it being the intent of the City Council in adopting this
Ordinance that no portion hereof, or provision or regulation contained herein shall
become inoperative or fail by reason of any unconstitutionality, voidness, or invalidity of
any other portion hereof, and all provisions of this Ordinance are declared to be severable
for that purpose.
Section 17. Notice of Posting. The City Council officially finds, determines, recites,
and declares that a sufficient written notice of the date, hour, place, and subject of this
meeting of the City Council was posted at a place convenient to the public at the City
Hall of the City for the time required by law preceding this meeting, as required by the
Open Meetings Law, Article 6252-17, Texas Revised Civil Statutes Annotated, and that
this meeting has been open to the public as required by law at all times during which this
Ordinance and the subject matter thereof has been discussed, considered, and formally
acted upon. The City Council further ratifies, approves, and confirms such written notice
and the contents and posting thereof.
PASSED AND ADOPTED this 14th day of April, 1992.
Mark Wolfe
Mayor
City of Coppell, Texas
ATTEST:
Dorothy Timmons
City Secretary
City of Coppell, Texas
[SEAL]
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COPPELL GATEWAY PUBLIC IMPROVEMENT DISTRICT
ASSESSMENT/SERVICE PLAN
COPPELL GATEWAY PUBLIC IMPROVEMENT DISTRICT
ASSESSMENT/SERVICE PLAN
TABLE OF CONTENTS
Improvements Within the District 1
Section 1.01. Improvements and Services
Authorized by the Act 1
Section 1.02. Improvements and Services to be
Provided to the District . 2
II.
Assessment Plan 3
Section 2.01. Permissible Method of Assessment
Under the Act 3
Section 2.02. Assessment Plan 4
Section 2.03. Assessment Roll 5
III.
Indebtedness and Costs of Improvements 5
Section 3.01. Preliminary Annual Indebtedness 5
Section 3.02. Projected Improvement Costs 6
Section 3.03. Estimated Costs of Establishment
and Administration of the District
and Costs of Bonds to be Paid From
Assessments 9
Section 3.04. Total Costs to be Assessed to pay
for the Bonds 9
Section 3.05. Annual Service Costs to be Paid
with an Annual Assessment During
the Term of the Bonds 10
Section 3.06. Annual Costs of Improvements to be
Paid by City. 10
Section 3.07. Ownership of Improvements 10
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VI.
PROVISIONS WITH RESPECT TO THE
LEVY OF ASSESSMENTS 11
Section 4.01. Levy of Assessments for Improvement
Costs 11
Section 4.02. Prepayment of Assessments for Each
Year 11
Section 4.03. Levy of Assessments to Pay Annual
Service Costs of Administration and
Operation of District 12
Section 4.04. Interest on Delinquent
Administrative Expense Assessments
and Annual Installments 12
Section 4.05. Penalties 12
Section 4.06 Additional Penalty . 13
Section 4.07 No Discounts or Split Payments 13
Section 4.08 Lien for Collection of Assessments 13
Section 4.09 Applicability of Tax Code 13
Section 4.10 No Acceleration of Installments 13
Section 4.11 Lien Survives Foreclosure 14
Exhibit "A" - Metes and Bounds of District
Exhibit "B" - Assessment Roll and Metes and Bounds of Assessed
Property
Exhibit "C"- Boundary Sketch of Gateway Business Park
Schedule I - Bond Debt Service
Schedule II- Annual Assessment Installment Per Square Foot of
Net Usable Land
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COPPELL GATEWAY PUBLIC IMPROVEMENT DISTRICT
ASSESSMENT/SERVICE PLAN
Chapter 372 of the Local Government Code of the State of
Texas, known as the "Public Improvement District Assessment Act"
(the "Act"), authorizes and defines formation of the Public
Improvement District within the State of Texas.
By action taken by their City Council, on July 30, 1991, as
amended by further action on January 14, 1992, the City of Coppell
(the "City") passed Resolution No. 073091.1 which authorized the
establishment of Coppell Gateway Public Improvement District (the
"District").
In compliance with requirements outlined in various sections
of the Act, the Assessment Plan and Service Plan for the District
are defined herein.
I.
Improvements Within the District
Section 1.01. Improvements and Services Authorized bv the Act
Section 372.003 of the Act defines the improvements and
services that may be undertaken by a city through a district as
follows:
"372.003. Authorized Improvements and Services
(a) If the governing body of a municipality finds that it
promotes the interests of the municipality, the governing body
may undertake an improvement project that confers a special
benefit on a definable part of the municipality or the
municipality's extra-territorial jurisdiction. A project may
be undertaken in the municipality or the municipality's extra-
jurisdiction.
(b) A public improvement project may include:
(1) landscaping; (2) erection of fountains, distinctive
lighting and signs; (3) acquiring, constructing,
improving, widening, narrowing, closing, or rerouting of
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sidewalks or of streets, any other roadways, or their
rights-of-way; (4) construction or improvement of
pedestrian malls; (5) acquisition and installation of
pieces of art; (6) acquisition, construction, or
improvement of libraries; (7) acquisition, construction,
or improvement of off-street parking facilities; (8)
acquisition, construction, improvement, or rerouting of
mass transportation facilities; (9) acquisition,
construction, or improvement of water, wastewater, or
drainage facilities or improvements; (10) the
establishment or improvement of parks; (11) projects
similar to those listed in Subdivisions (1)-(10); (12)
acquisition, by purchase or otherwise, of real property
ion connection with an authorized improvement; (13)
special supplemental services for improvement and
promotion of the district, including services relating
to advertising, promotion, health and sanitation, water
and wastewater, public safety, security, business
recruitment, development, recreation, and cultural
enhancement; and (14) payment of expenses incurred in the
establishment, administration, and operation of the
district.
(c) A public improvement project may be limited to the
provision of the services described by Subsection (b)(13)."
Section 1.02. ImDrovements and Services to be Provided to the
District
After analyzing the improvements authorized by the Act, the
City of Coppell determined that the following improvements (the
"Improvements") which are allowed by the Act should be provided by
the City within the District and will be of special benefit to all
net usable property within the District. As such, the City
authorized the acquisition or construction of the Improvements
within the District which are described as follows:
1. Acquisition or construction of a water distribution
system throughout the District, connecting to the City's
master water distribution collection system.
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2. Acquisition or construction of a wastewater collection
system throughout the District, connecting to the City's
master wastewater collection system.
3. Acquisition or construction of a stormwater drainage
system throughout the District, connecting to the City's
master drainage system.
4. Acquisition or construction of streets or roadways to
provide access to and through all property within the
District, connecting to and becoming part of the City's
master thoroughfare plan.
5. Acquisition or construction of electric service lines and
street lights along all streets and roadways throughout
the District.
6. Acquisition or installation of landscaping, fountains,
distinctive lighting and distinctive signage that benefit
the District as a whole.
The services to be provided in the District (the "Services")
shall consist of those necessary for the administration and
operation of the District, including those of the City, the Paying
Agent, Registrar, and Trustee for the Bonds in annually collecting
assessments and making payment on the Bonds.
II.
Assessment Plan
Section 2.01. Permissible Method of Assessment Under the Act
Section 372.015 of the Act permits a city to assess the cost
of Improvements and Services against benefited property as follows:
"372.015. Determination of Assessment
(a) The governing body of the municipality shall apportion
the cost of an improvement and services to be assessed against
property in an improvement district. The apportionment shall
be made on the basis of special benefits accruing to the
property because of the improvement or services.
(b) Cost of an improvement or services may be assessed:
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(1) equally per front foot or square foot;
(2) according to the value of the property as determined
by the governing body, with or without regard to
improvements on the property; or
(3) in any other manner that results in imposing equal
shares of the cost on property similarly benefitted.
(c) The governing body may establish by ordinance:
(1) reasonable classifications and formulas for the
apportionment of the cost between the municipality and
the area to be assessed; and
(2) the methods of assessing the special benefits for
various classes of improvements and services.
(d) The amount of assessment for each property owner may be
adjusted following the annual review of the service plan."
Section 2.02. Assessment Plan
After analyzing the assessment methods allowed by the Act, the
City has determined that the method of cost allocation based on the
equal cost and assessment per each net usable square foot of land
area within the District is fair and equitable and is the most
reasonable means of allocating the costs of the Services to be
provided annually to the District ("Service Costs") and costs of
the Improvements to be acquired and/or constructed within the
District, costs of Bond, and other costs directly or indirectly
relating to the acquisition, construction, and financing of the
Improvements ("Improvement Costs"). (Service Costs and Improvement
Costs shall be referred to collectively as "Costs").
Based upon the similar common use of all land within the
District, as commercial or industrial property, the City proposes
to adopt the equal cost and assessment method with benefits derived
and Costs allocated as follows:
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Benefits: All parcels of land within the District,
either as currently platted or as it may be replatted and
subdivided in the future, receive an equal benefit over
each net square foot of land within the parcel. The
total assessed area of land within the district, on a net
usable area basis, shall not be altered, reduced or
increased by any future land replatting or subdividing.
Cost Allocation/Assessment: All Costs shall be allocated on
an equal basis to each net usable square foot of land within
the district and the assessment required to amortize the Costs
shall be allocated to and collected from each net usable
square foot of land, within the District, on an equal basis.
Section 2.03. Assessment Roll
The District is described as being those four tracts of land,
more specifically described in Exhibit A, consisting of 223.011
gross acres. The net usable acreage for each tract assessed is
described in Exhibit B, pages 3 through 19, and shown on the plat
attached as Exhibit C. Net usable land is land located within the
District which is not to be exempted from assessment by reason of
its proposed use as a park, road right-of-way, or a drainage
easement. The 197.8025 net usable acres equals 8,616,268 square
feet and is the total area of the District to be assessed to pay
the Costs.
Land parcels within the District may be replatted or
subdivided for future transactions, however, the total area of
square footage of land to be assessed shall not be adjusted or
reduced unless there is a prepayment of total assessments due for
a given parcel of land. Each parcel resulting from a replat or
subdivision of a parcel shall continue to bear its pro rata share
of the assessment against the original unplatted or subdivided
parcel.
III.
Indebtedness and Costs of Improvements
Section 3.01. PreliminarV Annual Indebtedness
In accordance with Sections 372.023 and 372.024 of the Act,
the City is in the process of issuing $5,000,000 Special Assessment
Revenue Bonds, Series 1992 (the "Bonds"), secured by liens on all
of the revenue generated through assessments. The total amount of
Bonds to be issued to pay the Improvement Costs is $5,000,000. The
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annual debt service requirements on such Bonds is shown in
Schedule Io
Section 3.02. Pro~ected Improvement Costs
In accordance with Sections 372.023 and 372.024 of the Act,
the District will provide for the completion, in the estimated year
and in the estimated amounts outlined below, of the Improvements
described in Section 1.02 herein.
Improvements Acquisition/Construction Time
and Cost Allowance
Phase IA
Completed and To Be Acquired Upon Funding
Site Clearing, Grading and Excavation $ 63,499
(Streets and Utility R.O.W.)
Water Service (Main Lines) 249,869
Sanitary Sewer Service (Main Lines) 74,691
Storm Sewer Service (Main Lines) 214,999
Paving 359,164
Street Lights 34,821
Landscaping and Sprinklers (Design) 10,000
Engineering and Design 230,464
Construction Staking 38,287
Construction Inspection and Quality Control 58,843
$1,334,637
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Phase IB
To Be Completed and Acquired On Or Before December 31, 1992
Water Service (Main Lines) 127,467
Sanitary Sewer Service (Main Lines) 43,165
Storm Sewer Service (Main Lines) 492,787
Storm Sewer - Off Site 240,891
Paving 487,139
Street Lights 52,000
Landscaping and Sprinklers (Public Areas) 230,000
Engineering and Design 15,000
Construction Inspection and Quality Control 41,000
Contingency 53,914
$1,783,363
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Phase II
To Be Completed and Acquired On Or Before May 31, 1994
Water Service (Main Lines) 22 117
Sanitary Sewer Service (Main Lines) 13 363
Storm Sewer Service (Main Lines) 92 889
Paving 164 928
Street Lights 11 000
Landscaping and Sprinklers (Public Areas) 300 000
Engineering and Design 3 000
Construction Inspection and Quality Control 7 500
Contingency 17,203
$632,000
TOTAL COST OF IMPROVEMENTS
DESCRIBED IN SECTION 1.02 $3,750,000
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Section 3.03. Estimated Costs of Establishment and Administration
of the District and Costs of Bonds to be Paid From Assessments
The estimated costs of establishment and Administration of the
District and costs of Bonds to be paid from assessments are as
follows:
A) Cost and Expenses $ 51,713
Incurred in Establishment,
Initial Administration, and
Operation of District
B) One Years Interest 413,250
on the Bonds,
C) Cost of Issuance 260,037
of the Bonds
D) Establishment of $ 500,000
Reserve Fund for the Bonds
(10% of the Bonds)
TOTAL COSTS OF ESTABLISHMENT AND ADMINISTRATION $1,225,000
Section 3.04. Total Costs to be Assessed to DaV for the Bonds
The total costs to be assessed as Improvement Costs are as
follows:
A) Total Cost of Improvements $3,750,000
to be Constructed or Acquired
(Phase IA, IB, and II)
B) Cost and Expenses 51,713
Incurred in Establishment,
Initial Administration, and
Operation of District
C) One Years Interest on the Bonds, 413,250
D) Cost of Issuance of the Bonds 260,037
E) Establishment of Reserve Fund 500,000
for the Bonds (10% of Bonds)
* Excludes Accrued Interest
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F) Original Issue Discount 25,000
TOTAL COSTS TO BE ASSESSED $5,000,000
Section 3.05. Annual Service Costs to be Paid with an Annual
Assessment Durin~ the Term of the Bonds
The annual Service Costs to be paid by the City with annual
assessments for administration and operation of the District is as
follows:
Trustees Annual $4,500
Cost of Administration and
Operation of District and
Collection of Assessments
Section 3.06. Annual Costs of Improvements to be Paid bV City~
In accordance with the Act, all State and Federal laws
regulating Home Rule Municipalities within the State of Texas and
all the laws and regulations of the City, the City will provide for
the ongoing annual maintenance, operation, and repair of the
Improvements from the date of receipt and acceptance of title to
the Improvements from user fees from the Authorized Improvements
and from general funds. No fees or expenses related to the
maintenance or repairs of the Improvements shall be due from or
collected from property within the District other than those
currently provided for under current City laws and regulations for
any municipally-owned infrastructure improvements.
Section 3.07. Ownership of Improvements
In accordance with the Act, the City intends to provide for
the construction and completion of those Improvements described in
Sections 1.02 and 3.02 herein. Upon completion of the
Improvements, in total or in phases, all such Improvements,
including the land and the facilities and infrastructure thereon,
shall be acquired by the City with proceeds of the Bonds and title
to the land and Improvements shall rest in the City. All
Improvements are to be located in public streets, easements, or
rights-of-way.
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VI.
PROVISIONS WITH RESPECT TO THE
LEVY OF ASSESSMENTS
Section 4.01. Levy of Assessments for Improvement Costs
There is levied by the City an assessment of $0.5802976 per
square foot of net usable land within the District to pay the
Improvement Costs set forth in Article III (the "Improvement
Assessment") which shall be due on the effective date of the
ordinance levying assessments. Each Improvement Assessment may be
paid immediately or in periodic annual installments (the "Annual
Installment") over a period of twenty (20) years. The Annual
Installment to be paid each year per square foot of net usable land
together with interest thereon is shown in Schedule II. Each
Improvement Assessment shall bear interest per annum from
September 28, 1992, until paid at the rate of 8.61% per annum,
calculated on the basis of a 360 day year of twelve 30-day months.
Each Annual Installment, together with the interest in the unpaid
amount of an Improvement Assessment, shall be due on January 31 of
each year (the "Installment Payment Date") with the first Annual
Installment being due on January 31, 1993 and each subsequent
Annual Installment being due on January 31 of each year thereafter
with the final Annual Installment due January 31, 2012. Each
Annual Installment together with interest thereon shall be
delinquent if not paid prior to February 1 of the year such Annual
Installment is due (the "Delinquency Date"). The principal amount
of each Annual Installment of an Improvement Assessment, the
interest due on the unpaid principal amount of an Improvement
Assessment, and the unpaid amount of an Improvement Assessment on
each Installment Payment Date per square foot of net usable land
is shown in Schedule II. To determine the Annual Installment for
each parcel, multiply the net usable land in the parcel by the
amounts shown on Schedule II for that year.
Section 4.02. PreDayment of Assessments for Each Year
Pursuant to the provisions of Section 372.018(b) of the Act,
an Improvement Assessment may be paid in whole or in part at any
time by paying the unpaid amount of the Improvement Assessment plus
the interest accrued or penalties that have been imposed prior to
the date of pal~ment of the Improvement Assessment. To determine
the unpaid amount of the Improvement Assessment for each square
foot Of net usable land in any year, see Schedule II.
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Section 4.03. LevV of Assessments to PaV Annual Service Costs of
Administration and Operation of District
As authorized by Section 372,003(14) of the Act, there shall
be levied each year while the Bonds are outstanding and unpaid to
pay the annual costs of the administration and operation of the
District an administrative expense assessment in the amount of
$0.000522 per square foot of net usable land in the District (the
"Administrative Expense Assessment"). The Administrative Expense
Assessment shall remain in effect from year to year until all Bonds
are finally paid or until the City adjusts the levy after a hearing
and determination of benefits in any year pursuant to Section
372,015(d) of the Act. Administrative Expense Assessments shall
be due on January 31 of the year following their levy and shall be
delinquent if not paid prior to February 1 (the "Delinquency
Date").
Section 4.04. Interest on Delinquent Administrative Expense
Assessments and Annual Installments
A delinquent Annual Installment and a delinquent
Administrative Expense Assessment will accrue interest at the rate
of 1% for each month or portion of a month the Annual Installment
or Administrative Expense Assessment remains unpaid after it
becomes delinquent.
Section 4.05. Penalties
A delinquent Annual Installment and delinquent Administrative
Expense Assessment incurs a penalty of 6% of the amount of the
Annual Installment or Administrative Expense Assessment for the
first calendar month or fraction thereof it is delinquent plus 1%
for each additional month or fraction thereof the Annual
Installment or Administrative Expense Assessment remains unpaid
prior to July 1 of the year in which it becomes delinquent;
however, an Annual Installment or Administrative Expense Assessment
delinquent on July 1 incurs a total penalty of 12% of the amount
of the delinquent Annual Installment or Administrative Expense
Assessment without regard to the number of months the Annual
Installment or the Administrative Expense Assessments has been
delinquent. Penalties shall not exceed the amount permitted by
Chapter 372 of the Code.
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Section 4.06. Additional Penalty
If an Annual Installment or an Administrative Expense
Assessment remains delinquent on July 1 in the year in which the
Annual Installment or the Administrative Expense Assessment became
delinquent, there shall be imposed an additional penalty to defray
costs of collection if it is necessary for the City to contract
with an attorney for the purposes of representing the City in the
collection of the delinquent Annual Installment or Administrative
Expense Assessment. The additional penalty shall be 15% of the
Annual Installment or the Administrative Expense Assessment and the
penalties and interest on the Annual Installment or the
Administrative Expense Assessment. Penalties shall not exceed the
amount permitted by Chapter 372 of the Code.
Section 4.07. No Discounts or Split Pavments
There will be no split payment of an Annual Installment or an
Administrative Expense Assessment or discount for the early payment
of an Annual Installment or an Administrative Expense Assessment.
Section 4.08. Lien for Collection of Assessments
Improvement Assessments and Administrative Expense Assessments
("Assessments") together with interest, penalties, and expense of
collection and reasonable attorneys fees, as permitted by the Code
shall be a first and prior lien against the property assessed,
superior to all other liens and claims, except liens or claims for
state, county, school district, or municipal ad valorem taxes, and
shall be a personal liability of and charge against the owner of
the property regardless of whether the owners are named. The lien
for Assessments and each Installment thereof and penalties and
interest is effective from the date of this Ordinance levying the
Assessments until the assessment is paid or until all Bonds are
finally paid, and shall be enforced by the City in the manner
provided by Vernon's Texas Tax Code for collecting ad valorem taxes
on real property.
Section 4.09. ApplicabilitV of Tax Code
To the extent not inconsistent with the Ordinance levying
Assessments, and not inconsistent with Chapter 372 of the Code or
the other laws governing public improvement districts, the
provisions of Vernon's Texas Tax Code shall be applicable to the
imposition and collection of Assessments by the City.
Section 4.10. No Acceleration of Installments
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Failure to pay an Annual Installment when due shall not
accelerate the payment of the remaining Annual Installments of the
Improvement Assessment and such remaining Annual Installments
(together with interest thereon) shall continue to be due and
payable at the same time and in the same amount and manner as if
such default had not occurred.
Section 4.11. Lien Survives Foreclosure
Any sale of property for nonpayment of an Annual Installment
or Annual Installments of an Improvement Assessment annum shall be
subject to the lien established for the remaining unpaid Annual
Installments of the Improvement Assessment against such property
and such property may again be sold at a judicial foreclosure sale
if the purchaser thereof fails to make timely payment of the
nondelinquent Annual Installments of an Improvement Assessment
against such property as they become due and payable pursuant to
the terms of the assessment ordinance and the ordinance authorizing
the issuance of the Bonds.
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BEING a tract of land situated in the S.A.&M.G. Railroad Survey, Abstract No. 1439, and
being all of Gateway Business Park, an addition to the City of Coppell, Dallas County, Texas
as filed for record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dallas
County, Texas, and being all of a 0.25 acre tract to the City of CoppeEl as shown on Abstract
Map 1439, Dallas County, Texas, and being more particularly desert'bed as follows:
BEGINNING at the intersection of the centerline of Freeport Parkway (80 feet wide) and
the centerline of Cotton Road (65 feet wide);
THENCE North 88 degrees 23 minutes 42 seconds West, along said centerline of Cotton
Road, a distance of 1348.68 feet to a point for a corner;,
THENCE North 54 degrees 44 minutes 53 seconds West, departing said centerline and along
the north right-of-way line of Interstate Highway 635 (right-of-way caries), a distance of
1442.53 feet to a point for a comer;
THENCE North 01 degrees 51 minutes 06 seconds East, departing said north line, a
distance of 1068.42 feet to a point for a comer, said corner lying on the south right-of-way
hne of St. Louis and Southwestern Railroad (100 feet wide);
THENCE North 87 degrees 24 minutes 30 seconds East, along said south line, a distance
of 2413.04 feet to a point on line being the northwest comer of said 0.25 acre tract;
THENCE North 87 degrees 24 minutes 30 seconds East, continuing along said south line
being a common line with the north line of said 0.25 acre tract, a distance of 102.05 feet to
a point on line being the northeast comer of said 0.25 acre tract;
THENCE North 87 degrees 24 minutes 30 seconds East, along said south line and departing
said north line, a distance of 90.04 feet to a point for a comer, said comer being at the
intersection of said south line and the east boundary line of S.A.&M.G. Railroad Survey,
Abstract No. 1439, said comer also being the right-of-way of Freeport Parkway (90 feet
wide);
THENCE South 08 degrees 29 minutes 38 seconds West, departing said south line and along
said abstract line, a distance of 392.32 feet to a point for a comer;,
THENCE South 01 degrees 48 minutes 59 seconds West, continuing along Freeport
Parkway, a distance of 1668.84 feet to the POINT OF BEGINNING AND CONTAINING
4,522,561 square feet or 104.076 acres of land more or less.
TRACY 2 - GROSS AREA
BEING a tract of land situated in the Cordetia Brown Survey, Abstract No. 56, the James A. Simmons
Survey, Abstract No. 1296, and the Joel Wilson Survey, Abstract No. 1555, Dallas County, Texas, and being
all of a tract of land as descn'bed by deed to Santa Fe Pacific Realty Corporation, as recorded in Volume
89190, Page 3416 of the Deed Records of Dallas County, Tex~s, and being more particularly described as
follows:
BEGrNNING at the northeast comer of a tract of land conveyed to the State of Texas, as recorded in
Volume 84195, page 0604 of said Deed Records;
THENCE North 78 degrees 20 minutes 17 seconds West, along the northeast line of I.H. 635, a distance
of 95.00 feet to a point for a comer;
THENCE South 66 degrees 59 minutes 20 seconds West, continuing along said northeast Line a distance
of 80.86 feet to a point for a comer;
THENCE North 80 degrees 50 minutes 57 seconds West, continuing along said northeast line a distance
of 68.28 feet to a point for a comer;
THENCE Noah 78 degrees 20 minutes 17 seconds West, continuing along said northeast line a distance
of 275.97 feet to a point for a comer;
THENCE North 63 degrees 58 minutes 32 seconds West, continuing along said northeast line a distance
of 157.56 feet to a point for a comer;
THENCE Noah 42 degrees 29 minutes 44 seconds West, continuing along said northeast Line a distance
of 141.95 feet to a point for a comer;
THENCE North 59 degrees 20 minutes 36 seconds West, continuing along said northeast line a distance
of 28.00 feet to a point for a comer;,
THENCE North 34 degrees 24 minutes 07 seconds West, continuing along said northeast line, a distance
of 811.79 feet to a point for a comer;
THENCE North 36 degrees 45 minutes 13 seconds West, continuing along said northeast line, a distance
of 210.02 feet to a point for a comer;
THENCE North 02 degrees 35 minutes 43 seconds East, departing said northeast line, a distance of 897.75
feet to a point for a comer being the southwest comer of a 1.4515 acre tract of land being the remainder
of a tract of land descnn~ed by deed to Hunt Investment Corporation as recorded in Volume 74223, Page
1247 of said Deed Records;
THENCE North 76 degrees 26 minutes 05 seconds East, along said south line of said 1.4515 acre tract,
a distance of 0.61 feet to the point of curvature of a circular curve to the left, having a radius of 674.24
feet;
THENCE Northeasterly, continuing along said sguth line and along said curve through a central angle of
25 degrees 45 minutes 32 seconds, an arc distance of 303.12 feet to a point for a comer in the southwest
line of Freeport Parkway, said point lying on a circular curve to the left, having a radius of 306.34 feet and
whose chord bears South 33 degrees 16 minutes 36 seconds East;
TRACT 2 (Continued)
~HENCE Southeasterly, departing said south line and along said southwest line w~th said curve through
a central angle of 04 degrees 00 minutes 26 seconds, an arc distance of 21.43 feet to the point of tangency;,
T~ {ENCE South 35 degrees 16 minutes 50 seconds East, continuing along said southwest line, a distance
of 643.89 feet to a point for a comer;
THENCE North 54 degrees 43 m~nut~s 10 seconds East, a distance of 80.00 feet to a point for a comer,
THENCE North 35 degrees 16 minutes 50 seconds West, along the northeast line of said Freeport
Parkway, a distance of 12.50 feet to a point for a comer;,
THZENCE Nomh 54 degrees 43 minutes 10 seconds east, along the southeast line of Aj~line Drive, a
distance of 9.63 feet to the point of curvature of a circular curve to the lef~ having a radius of 666.96 feet;
THENCE Northeasterly, along said southeast line with said curve through a central angle of 18 degrees
26 n~nutes 50 seconds, an arc distance of 214.74 feet to the point of tangency;
THENCE North 36 degrees 16 minutes 20 seconds East, continuing along said southeast line, a distance
of 593.27 feet to the point of curvature of a circular curve to the right, having a radius of 50.00 feet;
THENCE Northeasterly, continuing along said southeast line and with said curve through a central angle
of 55 degrees 37 m~nutes 15 seconds, an arc distance of 48.54 feet to a point for a comer;
TI-{ENCE South 88 degrees 06 minutes 25 seconds East, continuing along the south line of said Airline
Drive, a distance of 401.41 feet to a point for a comer,
THENCE South 01 degrees 20 minutes 07 seconds West, departing said south Line and along the west line
of Block 9 Park West Commerce Center as n'led for record in Volume 90218, Page 3272 of the Plat
Records of DaLlas County, Texas, a distance of 627.58 feet to the point of curvature of a circular curve to
the left, having a radius of 382.25 feet;
TI-[ENCE Southerly, along said CLU'Ve through a central angle of 39 degrees 16 minutes 17 seconds, an arc
distance of 262.00 feet to a point for a corner,
THENCE South 00 degrees 19 minutes 28 seconds West, continuing along said west line, a distance of
442.86 feet to a point for a comer,
THENCE South 89 degrees 06 minutes 46 seconds East, along the south line of said Block 9, a distance
of 262.12 feet to a point for a comer,
THENCE South 01 degrees 08 minutes 02 seconds West, departing said south line and along the west line
of a tract desert'bed by Deed to Coppell Independent School Distric~ as ~led for record in Volume 417,
Page 461 of said Deed Records, a distance of 1930.15 f~eet to a point for a corner,
TI-IZENCE South 01 degrees 33 minutes 48 seconds West, departing said west line, a distance of 791.33 feet
to a point for a comer in the northeast line of LFL 635;
THENCE North 34 degrees 24 minutes 07 seconds West, along said northeast line, a distance of 1194.58
feet to a point for a corner;,
TRACY 2 (Continued)
THENCE North 04 degrees 17 minutes 49 seconds East, continuing along the highway fight-of-way, a
distance of 740.30 feet to a point for a comer;
THENCE North 06 degrees 54 minutes 39 seconds East, continuing along said fight-of-way, a distance of
49.76 feet to the POINT OF BEGINNING AND CONTAINING 4,160,249 square feet or 95.506 acres
of land more or less.
Note: This description is based on record information including a boundary survey for Tr~and Investment
by Albert H. I-I'alff Associates, Inc. dated July, 1985 and includes areas dedicated for public use (i.e,
road rights-of-ways and utility easements) and also includes are within the 100-year floodplain as
shown on FIRM Maps 480170 0005, 480165 0005, and 480165 0050.
TRACT 3 - GROSS AND NET
BEING a tract of land situated in the James A. Simmons Survey, Abstract No. 1296, Dallas County, Tex~s,
and being all of a tract of land as descn'bed by deed to Santa Fe Pacific Realty Corporation, as recorded
in Volume 89190, Page 3416 of the Deed Records of Dallas County, Texas, and being more particularly
descn'bed as follows:
BEGINNING at an intersection of the northwest line of Aifijne Drive (60' right-of-way) and the northeast
line of Freeport Parkway (80' right-of-way); ' '
THENCE North 35 degrees 16 minutes 50 seconds West, along the northeast line, a distance of 571.39
feet to the point of curvature of a circular curve to the right, having a radius of 226.34 feet;
THENCE Northeasterly, along said northeast line through a central angle of 08 degrees 14 minutes 06
seconds, an arc distance of 32.53 feet to a point for a comer lying on a curve to the left, having a radius
of 674.24 feet and whose chord bears North 39 degrees 57 minutes 24 seconds East;
THENCE Northeasterly, along said curve to the left depart~g said northeast line and along the south line
of Block 2 Park West Commerce Center as fled for record in Volume 90218 Page 3272 of the Plat
Records of Dallas County, Texas, through a central angle of 07 degrees 09 minutes 03 seconds, an arc
distance of 84.15 feet to a point for a comer;
THENCE North 36 degrees 22 minutes 52 seconds East, continuing along said south line, a distance of
127.66 feet to a point for a comer;
THENCE South 88 degrees 07 minutes 01 seconds East, continuing along said south line, a distance of
364.01 feet to a point for a comer;
THENCE North 36 degrees 22 minutes 52 seconds East, continuing along said south line, a distance of
207.52 feet to a point for a comer,
THENCE South 53 degrees 42 minutes 20 seconds East, continuing along said south line, a distance of
302.37 feet to a point for a comer in the northwest line said Airline Drive, said point lying on a curve to
the left, having a radius of 110.00 feet and whose chord bears South 42 degrees 24 minutes 42 seconds
West;
THENCE Southwesterly, departing said south line and along said northwest line and with said curve
through a central angle of 12 degrees 16 minutes 45 seconds, an arc distance of 23_S7 feet to a point for
a comer,
THENCE South 36 degrees 16 minutes 20 seconds West, continuing along said northwest line, a distance
of 539.27 feet to the point of curvature of a circular curve to the right, having a radius of 606.96 feet;
THENCE Southwesterly, continuing along said northwest line with said cttwe through a central angle of
18 degrees 26 minutes 50 seconds, an arc distance of 19~5.42 feet to a point for a comer;,
TRACT 3 (Continued)
THENCE South 54 degrees 43 minutes 10 seconds West, continuing along said northwest line, a distance
of 9.63 feet to the POINT OF BEGINNING AND CONTAINING 342,455 square feet or 7,862 acres of
land more or less, including 109,634 square feet or 2.517 acres more or less proposed for Grapevine Creek
easement.
Note: This description is based on record information including a bOttt~da t7 survey for Trfland Investment
by Albert H. Halff Associates, Inc. dated July, 1985 and includes areas dedicated for public use (Le.,
utility easements) and also includes are within the 100-year floodplain as shown on FIRM Maps
480170 0005, 480165 0005, and 480165 0050.
TRACT 4 - GROSS AND NET
BEING a tract of land situated in the heirs of Joel Wilson Survey, Abstract No. 1555, Dallas County,
Texas, and being all of a tract of land as desert'bed by deed to Santa Fe Pacific Realty Corporalion, as
recorded in Voktme 89190, Page 4821 of the Deed Records of Dallas County, Texas, and being more
particularly desert'bed as follows:
BEGINNING at an intersection of the south line of Cotton Road (50' fight-of-way) with the northeast line
of Interstate Highway 635; . .
THENCE South 88 degrees 23 minutes 42 seconds East, a distance of 1214.45 feet along the south line
of Cotton Road to a point for a comer on the west line of a 554.56 acre tract conveyed to Secure Trusts,
as desre'bed in Volume 785, Page 1637 of said Deed Records;
THENCE South 02 degrees 35 minutes 43 seconds West, departing said south llne, a distance of 1227.09
feet along the west line of said Secure Trust tract to a point for a comer lying on the northeast line of
Interstate Highway 635;
THENCE North 36 degrees 43 minutes 45 seconds West, along the northeast line of Interstate Highway
635, a distance of 953.75 feet to the POINT OF BEGINNING AND CONTAINING 678,076 square feet
or 15.567 acres of land more or less, including 98,868 square feet or 2.270 acres of land more or less for
proposed Grapevine Creek Easement.
Note: This description is based on record information includes areas dedicated for public use (i.e., utility
easements) and also includes area within the 100-year floodplain as shown on survey performed by
Nathan D. Maler Consulting Engineers, Inc. dated 9-28-89.
ASSESSMENT ROLL
Annual
A~inistration
Total Improvement Expense
Owner Description Assessment Assessment
Catellus Gateway Business $ 660,418.75 $ 594.38
Development Park
Corporation Tract 1, Block 1
26.1265 Acres
(1,138,069 sq. ft)
Catellus Gateway Business $ 206,924.87 $ 186.22
Development Park
Corporation Tract 1, Block 2A
8. 1860 Acres
(356,584 sq. ft.)
Catellus Gateway Business $ 459,497.09 $ 413· 54
Development Park
Corporation Tract 1, Block 2B
18.1779 Acres
(791,830 sq. ft.)
Catellus Gateway Business $ 420,115.16 $ 378.11
Development Park
Corporation Tract 1, Block 2C
16.62 Acres
(723,965 sq. ft.)
Catellus Gateway Business $ 542,975.80 $ 488.69
Development Park
Corporation Tract 1, Block 2D
21.4804 Acres
(935,685 sq. ft.)
Catellus Gateway Business $ 9,370·66 $ 8.41
Development Park
Corporation Tract 1, Block 3
· 3707 Acres
(16,148 sq. ft.)
E~IBIT B
B-1
Annual
A~mist~atton
Total Improvement Expense
Gwner Description Assessment Assessment
Catellus Gateway Business $ 844,713.72 $ 760.26
Development Park
Corporation Tract 2A
36.139 Acres - 2,722 ~ 33.417
(1,574,224 sq. ft. - 118,568 - 1,455,656)
Catellus Gateway Business $ 552,047.01 $ 496.85
Development Park
Corporation Tract 2B
21.839 Acres
(951,317 sq. ft.)
Catellus Gateway Business $ 832,718.39 $ 749.46
Development Park
Corporation Tract 2C
32.943 Acres
(1,434,985 sq. ft.)
Catellus Gateway Business $ 135,105.50 $ 121.58
Development Park
Corporation Tract 3
7.862 Acres - 2.517 - 5.345
(342,455 sq. ft. - 109,634 - 232,821)
Catellus Gateway Business $ 336,113.05 $ 302.50
Development Park
Corporation Tract 4
15.567 Acres - 2.270 - 13,297
(678,076 sq. ft. - 98,868 - 579,208)
TOTAL 8,616,268 sq. ft.* $5,000,000.00 $4,500.00
Metes and bounds description of parcels on the Assessment Roll.
The parcels of the Assessment Roll are described by metes and
bounds in Exhibit B and shown on the Plat attached as Exhibit C.
* net square footage of usable land
EXHIBIT B
B-2
TRACT L BLOCK 1
BEING a tract of land situated in the S.A.&M.G. Railroad Survey, Abstract No. 1439, and being part of
Block 1 Gateway Business Park, an addition to the City of Coppell, Dallus County, Texas as filed for
record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dallas County, Texas, and being
all of proposed Block 1 of said Gateway Business Park Block 2, and being more particularly descn'bed as
follows:
BEGINNING at the most westerly southwest' corner of said Block 1, said corner being the intersection of
the north line of I.H. 635 (fight-of-way varies) and the east line of Cotton Road (50' fight-of-way), said
comer being on a circular curve to the fight, having a radius of 400.00 feet and whose back tangent bears
North 40 degrees 58 minutes 33 seconds West;
THENCE Northerly, along said east Line and along said curve tkrough a central angle of 36 degrees 05
minutes 32 seconds, an arc distance of 251,97 feet to the point of tangency;
THENCE North 4 degrees 53 minutes 01 seconds West, along said east line, a distance of 1.16 feet to the
point of curvature of a circular curve to the right, having a radius of 20.00 feet;
THENCE Northeasterly, departing said east line and along said curve through a central angle of 87
degrees 03 minutes 07 seconds, an arc distance of 30.39 feet to the point of reverse curvature of a circular
curve to the left, having a radius of 855.00 feet;
THENCE Easterly, along the south line of Gateway Boulevard (70' right-of-way) and along said curve
through a central angle of 4 degrees 23 minutes 09 seconds, an arc distance of 65.45 feet to the point of
reverse curvature of a circular curve to the fight, having a radius of 785.00 feet;
THENCE Easterly, along said south Line and along said curve through a central angle of 13 degrees 49
minutes 21 seconds, an arc distance of 189.38 feet to the point of tangency;
THENCE South 88 degrees 23 minutes 42 seconds East, along said south line, a distance of 878.67 feet
to the point of curvature of a circular curve to the left, having a radius of 864.00 feet;
THENCE Easterly, along said south line and along said curve through a central angle of 22 degrees 18
minutes 40 seconds, an arc distance of 336.44 feet to the point of compound curvature of a circular curve
to the left, having a radius of 250.00 feet;
THENCE Northeasterly, along said south line of Gateway Boulevard (right-of-way varies) and along said
curve titrough a central angle of 8 degrees 27 minutes 22 seconds, an arc distance of 36.90 feet to the point
of reverse curvature of a circular curve to the right, having a radius of 250.00 feet;
THENCE Northeasterly, along said south line and along said curve through a central angle of 4 degrees
39 minutes 42 seconds, an arc distance of 20.34 feet to for the point of compound curvature of a circular
curve to the right, having a radius of 779.00 feet;
THENCE Easterly, along said south line and along said curve through a central angle of 12 degrees 44
minutes 22 seconds, an arc distance of 173.21 feet to the point of compound curvature of a circular curve
to the fight, having a radius of 242.50 feet;
TRACT 1, BLOCK 1 (Continued)
THENCE Easterly, along said south line and along said curve through a central angle of 15 degrees 56
minutes 26 seconds, an arc distance of 67.67 feet to the point of reverse curvature of a circular cmwe to
the left, having a radius of 257.50 feet;
THENCE Easterly, along said south line and along said curve through a central angle of 8 degrees 15
minutes 10 seconds, an arc distance of 37.09 feet to the point of reverse curvature of a
circular curve to the fight having a radius of 769.00 feet;
THENCE Easterly, along said south line and along said curve through a central angle of 5 degrees 54
minutes 11 seconds, an arc distance of 79.23 feet to the point of tangency;
THENCE South 88 degrees 10 minutes 14 seconds East, along said south line of Gateway Boulevard (92'
right-of-way), a distance of 50.00 feet to the point of curvature of a circular curve to the right having a
radius of 30.00 feet;
THENCE Southeasterly, departing said south line and along said curve through a central angle of 90
degrees 00 minutes 00 seconds, an arc distance of 47.12 feet to the point of tangency;
THENCE South 1 degree 49 minutes 46 seconds West, along the west line of Freeport Parkway (95' right-
of-way), a distance of 731.53 feet to the point of curvature of a circular curve to the right having a radius
of 10.00 feet;
THENCE Southwesterly, departing said west line and along said curve through a central angle of 89
degrees 46 minutes 32 seconds, an arc distance of 15.67 feet to the point of mngency;
THENCE North 88 degrees 23 minutes 42 seconds West, along the north line of Cotton Road (fight-of-
way varies), a distance of 1344.26 feet to a point for a comer, said comer being the intersection of the
north line of said Cotton Road and the said north line of I.H. 635 (right-of-way varies);
THENCE North 54 degrees 44 minutes 53 seconds West, along said north line of I.H. 635, a distance of
590.15 feet to the POI2qT OF BEGINNING AND CONTAINq2NG 1,138,069 square feet or 26.1265 acres
of land more or less.
BEING a tract of land situated in the S.A-&M.G. Railroad Survey, Abstract No. 1439, and being part of
Block 2 Gateway Business Park, an addition to the City of Coppell, Dallas County, Texas as filed for
record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dallas County, Texas, and being
all of proposed Block 2A of said Gateway Business Park Block 2, and being more particularly descn'bed
as follows:
BEGINNING at the southwest corner of said Block 2, said comer being on the north fight-of-way line of
Interstate Highway 635 (right-of-way varies);
THENCE North 01 degrees 51 minutes 06 seconds East, departing said north line and along the west line
of said Block 2, a distance of 627.09 feet to a point for a comer, said corner lying on the south fight-of-way
line of proposed Southwestern Drive (60 feet right-of-way);
THENCE North 87 degrees 24 minutes 30 seconds East, along said south line, a distance of .18 feet to
a point for a comer, said corner being on a circular curve to the left, having a radius of 60.00 feet and
whose back tangent bears South 2 degrees 35 minutes 30 seconds East;
THENCE Easterly, along the south line of proposed temporary street right-of-way for a cul de sac and
along said curve through a central angle of 160 degrees 31 minutes 44 seconds, an arc distance of 168.11
feet to the point of reverse curvature of a circular curve to the right, having a radius of 30.00 feet;
THENCE Northeasterly, along said south line and along said curve through a central angle of 70 degrees
31 minutes 44 seconds, an arc distance of 36.92 feet to the point of tangency;
THENCE North 87 degrees 24 minutes 30 seconds East, along said south line of Southwestern Drive (60'
right-of-way), a distance of 314.02 feet to the point of curvature of a circular curve to the fight, having a
radius of 30.00 feet;
THENCE Southeasterly, departing said south line and along said curve through a central angle of 94
degrees 26 minutes 36 seconds, an arc distance of 49.45 feet to the point of tangency;
THENCE South 1 degree 51 minutes 06 seconds West, along the proposed west line of Exchange Drive
(60' fight-of-way), a distance of 733.10 feet to the point of curvature of a circular curve to the right, having
a radius of 30.00 feet;
THENCE Southwesterly, departing said west line and along said curve through a central angle of 87
degrees 49 minutes 19 seconds, an arc distance of 45.98 feet to the point of compound curvature of a
circular curve to the right, having a radius of 785.00 feet;
THENCE Westerly, along the north line of Gateway Boulevard (70' fight-of-way) and along said curve
through a central angle of 32 degrees 02 minutes 09 seconds, an arc distance of 438.91 feet to a point for
a comer said corner being the intersection of the north Line of said Gateway Boulevard and said north line
of IH 635; ~
THENCE North 54 degrees 44 minutes 53 seconds West, along said north line of IH 635, a distance of
48.51 feet to the POINT OF BEGINNING AND CONTAINING 356,584 square feet or 8.1860 acres of
land more or less.
TRACT 1, BLOCK 2B
BEING a tract of land situated in the S.A.&M.G. R~ilroad Survey, Abstract No. 1439, and being pan of
Block 2 Gateway Business Park, an addition to the City of Coppell, Dallas County, Texas as filed for
record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dallas County, Texas, and be/rig
all of proposed Block 2B of said Gateway Business Park Block 2, and being more particularly described
as follows:
BEGENN1NG at a point located on the southeast corner of said Block 2B and said corner being on the
west line of proposed Sterling Drive (60' right-of-way), said comer being on a circular curve to the right,
having a radius of 30.00 feet and whose back tangent bears South 1 degrees 49 minutes 46 seconds West,;
TH2ENCE Southwesterly, departing said west line and along said curve through a central angle of 89
degrees 46 minutes 32 seconds, an arc distance of 47.01 feet to the point of tangency on the existing north
line of Gateway Boulevard (70' right-of-way);
THENCE North 88 degrees 23 minutes 42 seconds West, along said north line, a distance of 693.09 feet
to The point of cmwature of a circular curve to the left, having a radius of 855.00 feet;
TH2ENCIZ Westerly, along said north line and along said curve through a central angle of 13 degrees 49
minums 21 seconds, an arc distance of 206.27 feet to the point of reverse curvature of a circular curve to
the right, having a radius of 785.00 feet;
TH2ENCE Westerly, along said north line and along said curve through a central angle of 2 degrees 42
minutes 39 seconds, an arc distance of 37.14 feet to the point of compound curvature of a circular curve
to the right, having a radius of 30.00 feet;
THENCE Northwesterly, departing said north lLne and along said curve through a central angle of 101
degrees 21 mutes 30 seconds, an arc distance of 53.07 feet to the point of tangency;
THENCE North 1 degree 51 minutes 06 seconds East, along the east line of proposed Exchange Drive
(60' right-of-way), a distance of 728.18 feet to the point of curvature of a circular curve to the right, having
a radius of 30.00 feet;
TH2ENCE Northeasterly, departing said east line and along said curve through a central angle of 85
degrees 33 minutes 24 seconds, an arc distance of 44.80 feet to the point of tangency;
TH2ENCE North 87 degrees 24 minutes 30 seconds East, along the south line of proposed Southwestern
Drive (60' right-of-way), a distance of 941.79 feet to the point of curvature of a circular curve to the right,
having a radius of 30.00 feet;
THENCE Southeasterly, departing said south line and along said curve through a central angle of 94
degrees 25 minutes 16 seconds, an arc distance of 49.44 feet to the point of tangency;
THENCE South 1 degree 49 minutes 46 seconds West, a{ong said west line of Sterling Drive, a distance
of 763.76 feet to the POI2NT OF BEGI2NNING AND CONTA/2NING 791,830 square feet or 18.1779 acres
of land more or less.
TRACT 1, BLOCK 2C
BEING a tract of land situated in the S.A.&M.G. Railroad Survey, Abstract No. 1439, and being part of
Block 2 Gateway Business Park, an addition to the City of Coppell, Dallas County, Texas as filed for
record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dallas County, Texas, and being
all of proposed Block 2C of said Gateway Business Park Block 2, and being more particularly deschiDed
as follows:
BEGINNING at a point located on thd southwest corner of said Block 2C and said corner lying on the
north line of existing Gateway Boulevard (70' fight-of-way), said comer being on a circular curve to the
right, having a radius of 30.00 feet and whose back tangent bears North 88 degree 23 minutes 42 seconds
West;
THENCE Northwesterly, departing said north line and along said curve through a central angle of 90
degrees 13 minutes 28 seconds, an arc distance of 47.24 feet to the point of rangehey;
THENCE North 1 degree 49 minutes 46 seconds East, along the east line of proposed Sterling Drive (60'
right-of-way), a distance of 772.57 feet to the point of curvature of a circular curve to the fight, having a
radius of 30.00 feet;
THENCE Northeasterly, departing said east line and along said curve through a central angle of 85
degrees 34 minutes 44 seconds, an arc distance of 44.81 feet to the point of rangehey;
THENCE North 87 degrees 24 minutes 30 seconds East, along the south line of proposed Southwestern
Drive (60' right-of-way), a distance of 332.61 feet to the point of curvature of a circular curve to the left,
having a radius of 490.00 feet;
THENCE Easterly, continuing along said south line and along said curve through a central angle of 24
degrees 08 minutes 13 seconds, an arc distance of 206.42 feet to the point of reverse curvature of a circular
curve to the fight, having a radius of 430.00 feet;
THENCE Easterly, continuing along said south line and along said curve tkrough a central angle of 24
degrees 08 minutes 03 seconds, an arc distance of 181.12 feet to the point of tangency;
THENCE North 87 degrees 24 minutes 19 seconds East, continuing along said south line, a distance of
141.87 feet to the point of curvature of a circular curve to the fight, having a radius of 30.00 feet;
THENCE Southeasterly, departing said south line and along said curve through a central angle of 98
degrees 07 minutes 59 seconds, an arc distance of 51.38 feet to the point of reverse curvature of a circular
curve to the left, having a radius of 890.00 feet;
THENCE Southerly, along the west line of Freeport Parkway (95' fight-of-way) and along said curve
through a central angle of 3 degrees 42 minutes 32 seconds, an arc distance of 57.61 feet to the point of
tangency;
THENCE South 1 degree 49 minutes 46 seconds West, continuing along said west line, a distance of 673.44
feet to the point of cu~wature of a circular curve to the fight, having a radius of 30.00 feet;
THENCE Southwesterly, departing said west line 'and along said curve through a central angle of 90
degrees 00 minutes 00 seconds, an arc distance of 47.12 feet to the point of tangency;
TRACT 1, BLOCK 2C (Continued)
THENCE North 88 degrees 10 minutes 14 seconds West, along the said north Line of Gateway Boulevard
(92' fight-of-way at this point), a distance of 50.00 feet to the point of curvature of a circular curve to the
left, having a radius of 861.00 feet;
THENCE Westerly, continuing along said north Hne (fight-of-way varies) and along said curve through a
central angle of 13 degrees 54 minutes 19 seconds, an arc distance of 208.96 feet to the point of compound
curvature of a circular curve to the left, having a radius of 457.50 feet;
THENCE Southwesterly, continuing along said north line and along said curve through a central angle of
19 degrees 56 minutes 56 seconds, an arc distance of 159.29 feet to the point of reverse curvature of a
circular curve to the fight, hav~g a radius of 250.00 feet;
THENCE Southwesterly, continuing along said north line and along said curve through a central angle of
11 degrees 56 minutes 06 seconds, an arc distance of 52.08 feet to the point of reverse curvature of a
circular curve to the leet, having a radius of 250.00 feet;
TEENCE Westerly, continuing along said north ILne and along said curve through a central angle of 1
degree 58 minutes 49 seconds, an arc distance of 8.64 feet to the point of reverse curvature of a circular
curve to the right, having a radius of 794.00 feet;
THENCE Westerly, continuing along said north line of Gateway Boulevard (70' right-of-way) and along
said curve through a central angle of 23 degrees 40 minutes 30 seconds, an arc distance of 328.08 feet to
the point of tangency;
THENCE North 88 degrees 23 minutes 42 seconds West, continuing along said north line, a distance of
65.58 feet to the POINT OF BEGINNING and containing 723,965 square feet or 16.6200 acres of land
more or less.
TRACT 1, BLOCK 2D
BEING a tract of land situated in the S~.&M.G. Railroad Survey, Abstract No. 1439, and being pan of
Block 2 Gateway Business Park, an addition to the City of Coppell, Dal/as County, Texas as fried for
record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dal/as County, Texas, and being
all of proposed Block 2D of said Gateway Business Park Block 2, and being all of a 0.25 acre tract to the
City of Coppert as shown on Abstract Map 1439, Dal/as County, Texas and being more particularly
described as follows:
BEGINNING at the northwest corner of said Block 2, said corner being on the common north line of said
Block 2 and the south line of the SL Louis and Southwestern Railroad right-of-way (10ft fight-of-way);
THENCE North 87 degrees 24 minutes 30 seconds East, along said common line, a distance of 2413.04
feet to a point on line, said point being the northwest corner of a 0.25 tract to the City of Coppell as
shown on Abstract Map 1439 County of Dallas, Texas;
THENCE North 87 degrees 24 minutes 30 seconds East, departing said north line of Block 2 and along
the north line of said 0.25 acre tract and said south line, a distance of 102.05 feet to a point on line;
THENCE North 87 degrees 24 minutes 30 seconds East, departing said north line of 0.25 acre tract and
along said common line of said Block 2 and said St. Louis Southwestern Railroad right-of-way, a distance
of 49.57 feet to a point for a corner;
THENCE South 8 degrees 39 minutes 01 seconds West, departing said common line and along the west
line of Freeport Parkway (80' right-of-way), a distance of 280.79 feet to the point of curvature of a cixcular
curve to the right, having a radius of 30.00 feet;
THENCE Southwesterly, departing said west line and along said curve through a central angle of 78
degrees 45 minutes 18 seconds, an arc distance of 41.24 feet to the point of tangency;
THENCE South 87 degrees 24 minutes 19 seconds West, along the north line of proposed Southwestern
Drive (60' right-of-way), a distance of 164.34 feet to the point of curvature of a circular curve to the left,
having a radius of 490.00 feet;
THENCE Westerly, continuing along said north line and along said curve through a central angle of 24
degrees 08 minutes 03 seconds, an arc distance of 206.40 feet to the point of reverse curvature of a circular
curve to the right, having a radius of 430.00 feet;
THENCE Westerly, continuing along said north line and along said curve through a central angle of 24
degrees 08 minutes 13 seconds, an arc distance of 181.15 feet to the point of tangency;
THENCE South 87 degrees 24 minutes 30 seconds West, continuing along said north line, a distance of
1969.51 feet to a point for a corner, said corner being the intersection of said north line and the west line
of said Block 2;
THENCE North 2 degrees 35 minutes 30 seconds West, d~paning said north line and along said west line,
a distance of 381.15 feet to the POINT OF BEGINNING AND CONTAINING 935,685 square feet or
21.4804 acres of land more or less.
I:XAVO~I Ig'/8X~tPXLDSHO
TRACT 1, BLOCK 3
BEING a tract of land situated in the S.A.&M.G. Railroad Survey, Abstract No. 1439, and being part of
Block 3 Gateway Business Park, an addition to the City of Coppell, Dallas County, Texas as filed for
record in Volume 90138, Page 4298 through 4296 of the Plat Records of Dallas County, Texas, and being
a/] of proposed Block 3 of said Gateway Business Park Block 2, and being more particularly desan'bed as
follows:
BEGINNING at the most northwesterly comer of said Block 3 and sai/:l comer being the intersection of
the south line of Gateway Boulevard (70' fight-of-way) and the north line of LH. 635 (right-of-way varies),
said comer being on a circular curve to the left, having a radius of 855.00 feet and whose back tangent
bears South 78 degrees 20 minutes 47 seconds East;
THENCE Easterly, along said south line and along said curve through a central angle of 13 degrees 35
minutes 22 seconds, an arc distance of 202.79 feet to a point for the point of reverse curvature of a circular
curve to the right having a radius of 20.00 feet;
THENCE Southeasterly, departing said south line and along said curve through a central angle of 87
degrees 03 minutes 07 seconds, an arc distance of 30.39 feet to a point for the point of tangency;
THENCE South 4 degrees 53 minutes 02 seconds East, along the west line of Cotton Road (50' right-of-
way), a distance of 1.16 feet to a point for the point of curvature of a circular curve to the left, having a
radius of 450.00 feet;
THENCE Southerly, along said west line and along said curve through a central angle of 19 degrees 33
minutes 26 seconds, an arc distance of 153.60 feet to a point for a comer, said comer being the
intersection of said south line and said north line of I.H. 635;
THENCE North 54 degrees 44 minutes 53 seconds West, along said north line, a distance of 319.59 feet
to a point the POI2NT OF BEGINNING AND CONTAINING 16,148 square feet or .3707 acres of land
more or less.
~VOUX~WmLD6~O ~- IO
TRACT 2A GROSS AND NET
BEING a tract of land situated in the Cordelia Brown Survey, Abstract No. 56, the James A. Simmons
Survey, Abstract No. 1296, and the Joel Wilson Survey, Abstract No. 1555, Dallas County, Texas, and being
all of a tract of land as desert'bed by deed to Santa Fe Pacific Realty Corporation, as recorded in Volume
89190, Page 3416 of the Deed Records of Dallas County, Texas, and being more particularly desert'bed as
follows:
CONLMENCING at the northeast comer of a tract of land conveyed to the State of Texas, as recorded
in Volume 84195, page 0604 of said Deed Records;
THENCE North 78 degrees 20 minutes 17 seconds West, along the northeast line of I.H. 635, a distance
of 95.00 feet to the POINT OF BEGINNING;
THENCE South 66 degrees 59 minutes 20 seconds West, continumg along said northeast line, a distance
of 80.86 feet to a point for a comer;
THENCE North 80 degrees 50 minutes 57 seconds West, continuing along said northeast line, a distrance
of 68.28 feet to a point for a comer;
THENCE North 78 degrees 20 minutes 17 seconds West, continuing along said northeast line, a distance
of 275.97 feet to a point for a comer;
THENCE North 63 degrees 58 minutes 32 seconds West, continuing along said northeast line, a distance
of 157.56 feet to a point for a comer;
THENCE North 42 degrees 29 minutes 36 seconds West, continuing along said northeast line, a distance
of 28.00 feet to a point for a comer;
THENCE North 59 degrees 20 minutes 36 seconds West, continuing along said northeast line, a distance
of 811.79 feet to a point for a comer;
THENCE North 36 degrees 45 minutes 13 seconds West, continuing along said northeast line, a distance
of 210.02 feet to a point for a comer;
THENCE North 02 degrees 35 minutes 43 seconds East, departing said northeast line, a distance of 897.75
feet to a point for a comer being the southwest comer of a 1.4515 acre tract of land being the remainder
of a tract of land descn'bed by deed to Hunt Investment Corporation as recorded in Volume 74223, Page
1247 of said Deed Records;
THENCE North 76 degrees 26 minutes 05 seconds East, along said south line of said 1.4515 acre t~act,
a distance of 0.61 feet to the point of curvature of a circular curve to the left, having a radius of 674.24
feet;
THENCE Northeasterly, continuing along said south Line ,and along said curve through a central angle of
25 degrees 45 minutes 32 seconds, an arc distance of 303.12 feet to a point for a comer in the southwest
line of Freeport Parkway (80' right-of-way), said point lying on a circular curve to the left, having a radius
of 306.34 feet and whose chord bears South 33 degrees 16 minutes 36 seconds East;
THENCE Southeasterly, departing said south line and along said southwest line with said curve through
a central angle of 04 degrees 00 minutes 26 seconds, an arc distance of 21.43 feet to the point of tangenQ:
TRACT 2A (Continued)
THENCE South 35 degrees 16 minutes 50 seconds East, continuing along said southwest line, a distance
of 643.89 feet to a point for a comer;
THENCE South 54 degrees 43 minutes 10 seconds East, a distance of 2.00 feet to a point for a comer;
THENCE South 35 degrees 16 minutes 50 seconds East, along said southwest line, a distance of 860.11
feet to the point of curvature of a circular curve to the right, having a radius of 778.00 feet;
THENCE Southerly, along said southwest line and along said curve through a central angle of 46 degrees
56 minutes 33 seconds, an arc distance of 637.42 feet to the point of tangency;
THENCE South 11 degrees 39 minutes 43 seconds West, along the west line of said Freeport Parkway,
a distance of 45.91 feet to a point for a comer;
THENCE North 78 degrees 20 minutes 17 seconds West, a distance of 8.00 feet to a point for a comer;
THENCE South 11 degrees 39 minutes 43 seconds West, along the west line of Freeport Parkway (100'
right-of-way), a distance of 200.00 feet to the POINT OF BEGINNING AND CONTAINING 1,574,224
square feet or 36.139 acres of land more or less including 118,568 square feet or 2.722 acres of land more
or less proposed for Grapevine Creek Easement.
Note: This description is based on record information including a boundary survey for Triland Investment
by Albert H. Halff Associates, Inc. dated July, 1985 and includes areas dedicated for public use (i.e.,
utility easements) and also includes are within the 100-year floodplain as shown on FIRM Maps
480170 0005, 480165 0005, and 480165 0050.
I:~AVOU19'/SX~/PMj)36142 6 -I 1
TRACT 2B
BEING a tract of land situated in the Cordella Brown Survey, Abstract No. 56, the James k Simmons
Survey, Abstract No. 1296, and the Joel Wilson Survey, Abstract No. 1555, Dallas County, Texas, and being
pan of a tract of land as descn'bed by deed to Santa Fe Pacific Realty Corporation, as recorded in Volume
89190, Page 3416 of the Deed Records of Dallas County, Texas, and being more particularly descn'bed as
follows:
BEGINNING at the intersection of the south line of Airline Drive (60' right-of-way) and the east line of
Freeport Parkway (proposed 84' fight-of-way);
THENCE North 54 degrees 43 minutes 10 seconds east, along the southeast line of said Airline Drive, a
distance of 7.63 feet to the point of curvature of a circular curve to the left, having a radius of 666.96 feet;
THENCE Northeasterly, along said southeast line with said curve through a central angle of 18 degrees
26 minutes 50 seconds, an arc distance of 214.74 feet to the point of tangohey;
THENCE North 36 degrees 16 minutes 20 seconds East, continuing along said southeast line, a distance
of 593.27 feet to the point of curvature of a circular curve to the right, having a radius of 50.00 feet;
THENCE Northeasterly, continuing along said southeast line and with said curve through a central an~e
of 55 degrees 37 minutes 15 seconds, an arc distance of 48.54 feet to a point for a comer;
THENCE South 01 degrees 20 minutes 07 seconds West, departing said south line and along the west line
of Block 9 Park West Commerce Center as fled for record in Volume 90218, Page 3272 of the Plat
Records of Dallas County, Texas, a distance of 627.58 feet to the point of curvature of a circular curve to
the left, having a radius of 382.25 feet;
THENCE Southerly, along said curve through a central angle of 39 degrees 16 minutes 17 seconds, an arc
distance of 262.00 feet to a point for a comer;
THENCE South 01 degrees 19 minutes 28 seconds West, continuing along said west line, a distance of
440.36 feet to a point for a comer in the north line of proposed Wrangler Drive (65' right-of-way);
THENCE North 89 degrees 06 minutes 45 seconds West, along said north line, a distance of 143.98 feet
to the point of curvature of a circular curve to the left, having a radius of 632.50 feet;
THENCE Westerly, along said north line and along said curve through a central angle of 31 degrees 25
minutes 38 seconds, an arc distance of 346.93 feet to a point for a comer, said comer being on a circular
curve to the right having a radius of 862.00 feet and whose back tangent bears North 31 degrees 41
minutes 51 seconds West;
THENCE Northwesterly, departin said north line, along said west line of Freeport Parkway and along said
curve through a central angle of 3 degrees 34 minutes 59 seconds, an arc distance of 53.91 feet to the point
of tangency; ~
TRACT 2B (Continued)
THENCE North 35 degrees 16 minutes 50 seconds West, along said west line, a distance of 872.58 feet
to the POINT OF BEGINNING AND CONTAINING 951,317 square feet or 21.839 acres of land more
or tess.
l~bte: This description is based on record information including a boundary survey for Triland Investment
by Albert H. Halff Associates, Inc. dated July, 1985 and includes areas dedicated for public use (i.e.,
utility easements) and also includes are within the 100-year floodplain as shown on FIRM Maps
480170 0005, 480165 0005, and 480165 0050.
EX~VOU~97SXW~LD23HO I~ -- I
TRACT 2C
BEING a tract of land situated in the Cordella Brown Survey, Abstract No. 56, the James A. Simmons
Survey, Abstract No. 1296, and the Joel Wilson Survey, Abstract No. 1555, Dallas County, Texas, and being
pan of a tract of land as descn~ed by deed to Santa Fe Pacific Realty Corporation, as recorded in Volume
89190, Page 3416 of the Deed Records of Dallas County, Texas, and being more particularly descn'bed as
follows:
BEGINNING at the northeast comer of a tract of land conveyed to the State of Texas, as recorded in
Volume 84195, page 0604 of said Deed Records;
THENCE South 78 degrees 20 m~nutes 17 seconds East, along the proposed south l~ne of Freeport
Parkway, a d/stance of 5.00 feet to a point for a comer;
THENCE North 11 degrees 39 minutes 43 seconds East, along the proposed east line of Freeport Parkway
(100' right-of-way), a distance of 200.00 feet to a point for a comer;
THENCE North 78 degrees 20 minutes 17 seconds West, along said east line, a distance of 8.00 feet to
a point for a comer;
THENCE North 11 degrees 39 minutes 43 seconds East, along said east line, a distance of 45.95 feet to
the point of curvature of a ckcular curve to the left, having a radius of 862.00 feet;
THENCE Northerly, along said east line and along said curve through a central angle of 39 degrees 02
minutes 25 seconds, an arc distance of 587.35 feet to a point for a comer, said comer being on a
circular curve to the right, having a radius of 567.50 feet and whose back tangent bears North 59 degrees
20 minutes 43 seconds East;
THENCE Easterly, departing said east line and along the proposed south line of Wrangler Drive (65'
right-of-way) and along said curve through a central angle of 31 degrees 32 minutes 31 seconds, an arc
distance of 312.41 feet to the point of tangency;
THENCE South 89 degrees 06 minutes 46 seconds East, along the south line, a distance of 405.81 feet to
a point for a comer;
TH2ENCE South 01 degrees 08 minutes 02 seconds West, departing said south line and along the west line
of a tract described by Deed to Coppell Independent School District as filed for record in Volume 417,
Page 461 of said Deed Records, a distance of 1867.65 feet to a point for a comer;
THENCE South 01 degrees 33 minutes 48 seconds West, departing said west line, a distance of 791.33 feet
to a point for a comer in the northeast line of I.H. 635;
THENCE North 34 degrees 24 minutes 07 seconds West, along said northeast line, a distance of 1194.58
feet to a point for a comer;
THENCE North 04 degrees 17 minutes 49 seconds Eas~, continuing along the highway right-of-way. a
distance of 740.30 feet to a point for a comer;
TRACY 2C (Continued~
THENCE North 06 degrees 54 minutes 39 seconds East, continuing along said fight-of-way, a distance of
49.76 feet to the POINT OF BEGENNING AND CONTAINING 1,434,985 square feet or 32.943 acres
of land more or less.
Note: This description is based on record information including a boundary survey for Tfiland Investment
by Albert H. Halff Associates, Inc. dated July, 1985 and includes areas dedicated for public use (i.e.,
' utility eaLsements) and a/so includes are within the 100-year floodplain as shown on FIRM Maps
480170 0005, 480165 0005, and 480165 0050.
n~AVOU~TS~WmLD2~HO ~- I/~
TRACT 3 - GROSS AND NET
BEING a tract of land situated in the James A. Simmons Survey, Abstract No. 1296, Dallas County, Texas,
and being all of a tract of land as descn'bed by deed to Santa Fe Pacific Realty Corporation, as recorded
in Volume 89190, Page 3416 of the Deed Records of Dallas County, Texas, and being more particularly
desert'bed as follows:
BEGINNING at an intersection of the northwest line of Airline Drive (60' right-of-way) and the northeast
line of Freeport Parkway (80' fight-of-way); ' '
THENCE North 35 degrees 16 minutes 50 seconds West, along the northeast line, a distance of 571.39
feet to the point of curvature of a circular curve to the right, having a radius of 226.34 feet;
THENCE Northeasterly, along said northeast line through a central angle of 08 degrees 14 minutes 06
seconds, an arc distance of 32.53 feet to a point for a comer lying on a curve to the left, having a radius
of 674.24 feet and whose chord bears North 39 degrees 57 minutes 24 seconds East;
THENCE Northeasterly, along said curve to the le[t departing said northeast line and along the south line
of Block 2 Park West Commerce Center as tided for record in Volume 90218 Page 3272 of the Plat
Records of Dallas County, Texas, through a central angle of 07 degrees 09 minutes 03 seconds, an arc
distance of 84.15 feet to a point for a comer;
THENCE North 36 degrees 22 minutes 52 seconds East, continuing along said south line, a distance of
127.66 feet to a point for a comer;
THENCE South 88 degrees 07 minutes 01 seconds East, continuing along said south line, a distance of
364.01 feet to a point for a comer;
THENCE North 36 degrees 22 minutes 52 seconds East, continuing along said south line, a distance of
207.52 feet to a point for a comer;
THENCE South 53 degrees 42 minutes 20 seconds East, continuing along said south line, a distance of
302.37 feet to a point for a comer in the northwest line said Airline Drive, said point lying on a curve to
the left, having a radius of 110.00 feet and whose chord bears South 42 degrees 24 minutes 42 seconds
West;
THENCE Southwesterly, departing said south line and along said northwest line and with said curve
through a central angle of 12 degrees 16 minutes 45 seconds, an arc distance of 23.57 feet to a point for
a comer;
THENCE South 36 degrees 16 minutes 20 seconds West, continuing along said northwest line, a distance
of 539.27 feet to the point of curvature of a circular curve to the fight, having a radius of 606.96 feet;
THENCE Southwesterly, continuing along said northwest line with said curve through a central angle of
18 degrees 26 minutes 50 seconds, an arc distance of 195.42 feet to a point for a comer;
A -trl
TRACT 3 (Continued)
THENCE South 54 degrees 43 minutes 10 seconds West, continuing along said northwest line, a distance
of 9.63 feet to the POINT OF BEGINNING AND CONTAINING 342,455 square feet or 7.862 acres of
land more or less, including 109,634 square feet or 2.517 acres more or less proposed for Grapevine Creek
easement.
Note: This description is based on record information including a boundary survey for Tr~and Investment
by Albert H. Halff Associates, Inc. dated July, 1985 and includes areas dedicated for public use (i.e.,
utility easements) and also includes are within the 100-year floodplain as shown on FIRM Maps
480170 0005, 480165 0005, and 480165 0050.
TRACT 4 - GROSS AND NET
BEING a tract of land situated in the heirs of Joel Wilson Survey, Abstract No. 1555, Dallas County,
Texas, and being all of a tract of land as desert'bed by deed to Santa Fe Pacific Realty Corporation, as
recorded in Volume 89190, Page 4821 of the Deed Records of Dallas County, Texas, and being more
particularly desert'bed as follows:
BEGINNING at an intersection of the south line of Cotton Road (50' right-of-way) with the northeast Line
of Interstate Highway 635;
THENCE South 88 degrees 23 minutes 42 seconds East, a distance of 1214.45 feet along the south line
of Cotton Road to a point for a comer on the west line of a 554.56 acre tract conveyed to Secure Trusts,
as described in Volume 785, Page 1637 of said Deed Records;
THENCE South 02 degrees 35 minutes 43 seconds West, departing said south line, a distance of 1227.09
feet along the west line of said Secure Trust tract to a point for a comer lying on the northeast line of
Interstate Highway 635;
THENCE North 36 degrees 43 minutes 45 seconds West, along the northeast line of Interstate Highway
635, a distance of 953.75 feet to the POINT OF BEGINNING AND CONTAINING 678,076 square feet
or 15.567 acres of land more or less, including 98,868 square feet or 2.270 acres of land more or less for
proposed Grapevine Creek Easement.
Note: This description is based on record informaffon includes areas dedicated for public use (i.e., utility
easements) and also includes area within the 100-year floodplain as shown on survey performed by
Nathan D. Maier Consulting Engineers, Inc. dated 9-28-89.
EXHIBIT e.,
COPPELL OATBWA Y
PUBLIC IMPRO~ DISTRICT
SCHEDULE I
Bonded D~bt Service