RE 2001-12-11.15~
RECEIVED
- IvfAY 3 0 2002
RESOLUTIONNO. 2001-1211.1
. E~~EN~
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BY AND
BETWEEN THE CITY OF COPPELL, TEXAS AMD KPT, INC.; AUTHORIZING ITS
EXECUTION BY THE MAYOR; AND PROVIDING AN EFFECTIVE DATE.
~~AS~ the City Council 5~s been pre~nted a ~roposcd ~ Abatement A~eement b~
and be~een the City of CoppeU, Tex~ and ~, THC., a ~py of which is a~ached 5ereto and
ink,orated 5erein by rc~erence; and
~~A~ upon ~ll review and ~nsideration o~ tSe A~eement, and all m~ers related
thereto, ~e Cit~ Council is o~the opinion and Qnds tSat the te~s and conditions tSereo~ sSouid be
approve, and that ~e ~ayor should be authorized to execute tSe A~eement on behalf o~ tSe City
of Coppell, Texas;
O~ CO~~ ~~ ~T:
~C~ON L ~e A~ment a~ached 5ereto h~vin8 been reviewed by tSe City Council o[
tSe Cit~ o~ Coppcll, Text, and ~ound to be acceptable and in tSe best interest of the Cit~ ~nd its
citizens, be, and thc ~me is hereby, in all t~nss approved, and the ~yor is hereby authorized to
e~e~te the A~ecment on beSaff of the City of Coppell, Te~s.
S~CTiON ~. The City Council Qnds that t~e improvements proposed to be built upon t~e
~remises described in tSe A~eement ~ili e~ancc the ~nomic vitality ofthe communit~ t~ou~5
a combination of new capita] investment, increased ~les t~ revenues, and tSe creation o~ additional
job oppo~nities.
S~CTiON 3. The t~ abatement to bc ~nted by the A~ecment will not include in~cnto~
~nd supplies.
~CTION 4. The improvements proposed for the ~remises ~11 ac~mpiis5 the t~
abatement ~idelines oftSe Cit~ of Coppell, ~e~s.
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06380
SECTION 5. The City Manager delivered to the presiding officer of the governing body of
each taxing unit in which the property subject to the Agreement is located, a written notice that the
City of Coppell, Texas, intends to enter into the Agreement. The notice given by the City Manager
included a copy of the Agreement approved by this Resolution.
SECTION 6. This Resolution and the Tax Abatement Agreement are hereby approved by
the affirmative vote of the majority of the members of the City Council of the City of Coppell,
Texas, at a regularly scheduled meeting of the City Council.
SECTION 7. This Resolution shall become effective immediately from and after its
passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas,
on this the 11th day of December, 2001.
CANDY SHEEHAN, MAYOR ~
ATTEST:
LIBBY BALL, CITY SECRETARY
(PGS/ttl 12/06/01
PETER G, SMITH, CITY ATTORNEY
2 44298
zaa . 0 $ 8 06381
STATE OF TEXAS §
COUNTY OF DALLAS §
TAX ABATEMENT AGREEMENT
This tax abatement agreement (the "Agreement") is entered into by and among the City of
Coppell, Texas (the "City"), duly acting herein by and through its Mayor and KPT, Inc., ("Owner")
acting by and through its authorized officer.
WITNESSETH:
WHEREAS, the City Council of the City of Coppell, Texas, (the "City"), passed an
Ordinance (the "Ordinance") establishing Tax Abatement Reinvestment Zone No. 32 (the "Zone"),
for commercial/industrial tax abatement, as authorized by the Property Redevelopment and Tax
Abatement Act, Chapter 312 of the Texas Tax Code, as amended (the "Tax Code"); and
WHEREAS, the City has adopted guidelines for tax abatement (the "Tax Abatement
Guidelines"); and
WHEREAS, the Tax Abatement Guidelines contain appropriate guidelines and criteria
governing tax abatement agreements to be entered into by the City as contemplated by the Tax
Code; and
WHEREAS, the City has adopted a resolution stating that it elects to be eligible to
participate in tax abatement; and
WHEREAS, in order to maintain and enhance the commercial and industrial economic and
employment base of the Coppell area, it is in the best interests of the taxpayers for the City to enter
into this Agreement in accordance with said Ordinance, the Tax Abatement Guidelines and the Tax
Code; and
WHEREAS, Owner has or intends to lease certain improvements located at 700 S. Freeport
Parkway Coppell, Texas (hereinafter defined as the "Improvements") and intends to locate Tangible
Personal Property (hereinafter defined) at the Improvements; and
WHEREAS, the development efforts described herein will create permanent new jobs in
the City; and
WHEREAS, the City Council finds that the contemplated use of the Improvements and the
contemplated Tangible Personal Property to be added to the Improvements, and the other terms
hereof are consistent with encouraging development of the Zone in accordance with the purposes
for its creation and/or in compliance with the Tax Abatement Guidelines, the Ordinance adopted by
the City, the Tax Code and all other applicable laws; and
WHEREAS, the City Council finds that the Improvements and the Tangible Personal
Property sought are feasible and practicable and would be of benefit to the Premises (hereinafter
defined) to be included in the Zone and to the City after expiration of this Agreement; and
TAX ABATEMENT AGREEMENT - Page 1
44614
VOtEREAS, a copy of this Agreement has been furnished, in the manner prescribed by the
Tax Code, to the presiding officers of the governing bodies of each of the taxing units in which the
Premises is located; and
VOtEREAS, the City desires to enter into an agreement with Owner, the proposed lessee of
the Improvements, and the owner or lessee, of Tangible Personal Property to be added to the
Premises within the Zone for the abatement of taxes pursuant to the Tax Code as amended;
NOW, THEREFORE, in consideration of the mutual benefits and promises contained
herein and for good and other valuable consideration, the adequacy and receipt of which is hereby
acknowledged, including the expansion of primary employment, the attraction of major investment
in the Zone, which contributes to the economic development of Coppell and the enhancement of the
tax base in the City, the parties agree as follows:
GENERAL PROVISIONS
1. Owner is the lessee or intends to lease the Improvements located on the real property
described in Exhibit "A" attached hereto (the "Land" hereinafter defined), which Land is located
within the City and the Zone; and intends to locate and maintain Tangible Personal Property in the
Improvements.
2. The Premises are not in an improvement project financed by tax increment bonds.
3. This Agreement is entered into subject to the rights of the holders of outstanding
bonds of the City.
4. The Premises are not owned or leased by any member of the Coppell City Council
or any member of the Coppell Planning and Zoning Commission, or any member of the governing
body of any taxing units joining in or adopting this Agreement.
TAX ABATEMENT AUTHORIZED
5. This Agreement is authorized by the Tax Code and in accordance with the Tax
Abatement Guidelines, and approved by resolution of the City Council of the City authorizing the
execution of this Agreement.
6. Subject to the terms and conditions of this Agreement, and provided that Sales Tax
Receipts (hereinafter defined) total at least Three Million Dollars ($3,000,000) for each calendar
year that this Agreement is in effect, the City hereby grants Owner an abatement of fifty percent
(50%) of the Taxable Value of the Tangible Personal Property for a period of five (5) consecutive
years. The actual percentage of the Taxable Value of the Tangible Personal Property subject to
abatement will apply only to the tangible personal property added to the Premises after this
Agreement is executed.
TAX ABATEMENT AGREEMENT - Page 2
44614
7. The period of tax abatement herein authorized shall be for a period of five (5) years.
The term of this Agreement shall begin on the last date of execution hereof ("Effective Date") and
continue until December 31 of the fifth (5th) year following the First Year of Abatement, unless
sooner terminated as provided herein.
8. During the period of tax abatement herein authorized, Owner shall be subject to all
City taxation not abated, including but not limited to, sales tax and ad valorem taxation on land,
inventory and supplies.
DEFINITIONS
9. Wherever used in this Agreement, the following terms shall have the meanings
ascribed to them:
A. "Base Year" shall mean the year in which this Agreement is executed
(2001).
B. "Event of Bankruptcy or Insolvency" shall mean the dissolution or
termination of a party's existence as a going business, insolvency, appointment of
receiver for any part of a party's property and such appointment is not terminated within
ninety (90) days after such appointment is initially made, any general assignment for the
benefit of creditors, or the commencement of any proceeding under any bankruptcy or
insolvency laws by or against a party and such proceeding is not dismissed within ninety
(90) days after the filing thereof.
C. "First Year of Abatement" shall mean January 1 of the calendar year
immediately following the issuance of the final certificate of occupancy for Owner's
occupancy of the Improvements.
D. "Force Majeure" shall mean any contingency or cause beyond the reasonable
control of Owner including, without limitation, acts of God or the public enemy, war, riot,
civil commotion, insurrection, adverse weather, government or de facto governmental action
(unless caused by acts or omissions of Owner), fires, explosions or floods, strikes,
slowdowns or work stoppages.
E. "Improvements" shall mean the contemplated improvements to be
constructed or under construction on the Land and as further described herein.
F. "Land" shall mean the real property described in Exhibit "A" attached hereto
and incorporated herein for all purposes.
G. "Premises" shall collectively mean the Land and Improvements but
excluding the Tangible Personal Property.
H. "Taxable Value" means the appraised value as certified by the Appraisal
District as of January 1 of a given year.
TAX ABATEMENT AGREEMENT - Page 3
44614
8 8 0638
I. "Tangible Personal Property" shall mean tangible personal property,
equipment and fixtures other than inventory or supplies owned or leased by Owner that is
added to the Premises subsequent to the execution of this Agreement.
J. "Sales Tax Receipts" shall mean the City's receipts from the State of
Texas of the Sales and Use Tax paid to the State of Texas for the sale of Taxable Items
by Owner consummated at the Improvements for the respective period set forth in this
Agreement.
K. "Taxable Items" shall have the same meaning assigned by Chapter 151,
Tax Code as amended.
L. "Sales Tax Certificate" shall mean a certificate or other statement in a
form reasonably acceptable to the City setting forth the Owner's collection of Sales and
Use Tax paid to the State of Texas for the sale of Taxable Items by Owner consummated
at the Improvements, including Sales and Use Tax paid directly to the State of Texas
pursuant to a direct payment permit, together with such supporting documentation
required herein, and as City may reasonably request.
M. "Sales and Use Tax" shall mean sales and use tax of one (1%) imposed by
the City pursuant to Chapter 321 of the Tax Code on the sale of Taxable Items. Sales and
Use Tax does not include any sales and use tax imposed by City for the benefit of the
Coppell Recreation Development Corporation, pursuant to Section 4B of the
Development Corporation Act of 1979, article 5190.6 V.A.C.S., or sales and use tax
imposed by the City for the benefit of Coppell Education Development Corporation
pursuant to Chapter 379A of the TEX^S LOCAL GOVERNMENT CODE.
IMPROVEMENTS
10. Owner has leased or intends to lease approximately 35,000 square feet of office and
warehouse space at 700 S. Freeport Coppell, Texas (the "Improvements") for a period of at least
five (5) years beginning the First Year of Abatement. Owner agrees to locate and maintain Tangible
Personal Property at the Improvements with a Taxable Value of at least Five Hundred Thousand
Dollars ($500,000) as of the First Year of Abatement. Nothing in this Agreement shall obligate
Owner to lease the Improvements on the Land, or to locate Tangible Personal Property at the
Improvements, but said actions are conditions precedent to tax abatement pursuant to this
Agreement.
OCCUPANCY OF IMPROVEMENTS
11. As a condition precedent to the initiation of tax abatement pursuant to this
Agreement, Owner will diligently and faithfully, in good and workmanlike manner, and pursue the
occupancy of the Improvements on or before December 31, 2002, as good and valuable
consideration for this Agreement, provided, that Owner shall have such additional time to occupy
TAX ABATEMENT AGREEMENT - Page 4
44614
the Improvements as may be required in the event of "Force Majeure," if Owner is diligently and
faithfully pursuing occupy of the Improvements.
12. Owner agrees to maintain the Improvements during the term of this Agreement in
accordance with all applicable state and local laws, codes, and regulations. Owner agrees that the
Improvements shall be used only as an office/warehouse facility for a period of five (5) years
commencing on the First Year of Abatement.
13. The City, its agents and employees shall have the right of access to the
Improvements during the term of this Agreement to inspect the Improvements at reasonable times
and with reasonable notice to Owner, and in accordance with Owner's visitor access and security
policies, in order to insure that the Improvements are being used in accordance with this Agreement
and all applicable state and local laws and regulations (or valid waiver thereof).
GENERAL REQUIREMENTS
14. As a condition precedent to the grant of tax abatement, each year this Agreement is
in effect, City shall have received a Sales Tax Certificate from Owner, for the calendar year ending
immediately preceding the tax year for which the tax abatement applies. Owner, shall beginning
thirty (30) days after the First Year of Abatement and within thirty (30) days after the end of each
calendar year thereafter, provide the City with a Sales Tax Certificate for the previous ending
calendar year. For example, if the First Year of Abatement is January 1, 2003, the City shall have
received a Sales Tax Certificate for the 2002 calendar year (the period beginning January 1, 2002,
and continuing through and including December 31, 2002), and the Sales Tax Certificate is due on
or before January 30, 2003. At the request of the City, the Owner shall provide such additional
documentation as may be reasonably requested by City to evidence, support and establish the
Sales Tax Receipts. The Sales Tax Certificate shall at a minimum contain, include or be
accompanied by the following:
A schedule detailing the amount of the City's Sales and Use Tax collected by
Owner and paid to the State of Texas on the sale of Taxable Items by Owner
consummated at the Improvements for the previous calendar year;
A copy of all sales and use tax returns and reports, sales and use tax prepayment
returns, direct payment permits and reports, including amended sales and use tax
returns or reports, filed by Owner for the previous calendar year showing the
Sales and Use Tax collected (including Sales and Use Tax paid directly to the
State of Texas pursuant to a direct payment certificate) by Owner for the sale of
Taxable Items by Owner consummated at the Improvements;
A copy of all direct payment and self-assessment returns, including amended
returns, filed by Owner for the previous calendar showing the City's Sales and
Use Tax paid for the sale of Taxable Items by Owner consummated at the
Improvements;
TAX ABATEMENT AGREEMENT - Page 5
44614
z 2088 0,3386
Information concerning any refund or credit received by Owner of the City's
Sales or Use Taxes collected or paid by Owner (including any sales and use tax
paid directly to the State of Texas pursuant to a direct payment permit) which has
previously been reported by Owner as Sales and Use Tax paid or collected;
City agrees to the extent allowed by law to maintain the confidentiality of the Sales Tax
Certificate.
15 Owner shall, prior to December 31 of each calendar year that this Agreement is in
effect, certify to the City that it is in compliance with each term of the Agreement.
16. Owner agrees that during the term of this Agreement that the Improvements shall be
used in the manner (i) that is consistent with the City's Comprehensive Zoning Ordinance, as
amended, and (ii) that, during the period taxes are abated hereunder, is consistent with the general
purposes of encouraging development or redevelopment within the Zone.
17. Owner agrees to continuous lease and occupy the Improvements for a period of five
(5) years commencing the First Year of Abatement. During the term of this Agreement, Owner
agrees, commencing on the date a certificate of occupancy is issued for Owner's occupancy of the
Improvements and continuing thereafter until termination of this Agreement, to continuously
operate a computer printing and full mail service business, or similar business at the Improvements
engaged in the sale of Taxable Items consummated at the Improvements, and that the Owner shall
not allow the operation of such business to cease for more than thirty (30) days except in connection
with, and to the extent of an Event of Force Majeure.
DEFAULT: RECAPTURE OF TAX REVENUE
18. In the event Owner: (i) fails to occupy the Improvements in accordance with this
Agreement or in accordance with applicable State or local laws, codes or regulations; (ii) has
delinquent ad valorem or sales taxes owed to the City (provided such party retains its right to timely
and properly protest such taxes or assessment); (iii) has an "Event of Bankruptcy or Insolvency";
or (iv) breaches any of the terms and conditions of this Agreement, then such Owner, after the
expiration of the notice and cure periods described below, shall be in default of this Agreement. As
liquidated damages in the event of such default, the Owner shall, within thirty (30) days after
demand, pay to the City all taxes which otherwise would have been paid to the City without benefit
of a tax abatement with interest at the statutory rate for delinquent taxes as determined by Section
33.01 of the Tax Code as amended but without penalty. The parties acknowledge that actual
damages in the event of default termination would be speculative and difficult to determine. The
parties further agree that any abated tax, including interest as a result of this Agreement, shall be
recoverable against the Owner, its successors and assigns and shall constitute a tax lien on the
Tangible Personal Property and shall become due, owing and shall be paid to the City within thirty
(30) days after termination.
19. Upon breach by Owner of any obligations under this Agreement, the City shall
notify Owner in writing, who shall have thirty (30) days from receipt of the notice in which to cure
any such default. If the default cannot reasonably be cured within a thirty (30) day period, and
TAX ABATEMENT AGREEMENT - Page 6
44614
05387
Owner has diligently pursued such remedies as shall be reasonably necessary to cure such default,
then the City may extend the period in which the violation must be cured.
20. If Owner fails to cure the default within the time provided as specified above or, as
such time period may be extended, then the City at its sole option shall have the right to terminate
this Agreement by written notice to Owner.
21. Upon termination of this Agreement by City, all tax abated as a result of this
Agreement shall become a debt to the City as liquidated damages, and shall become due and
payable not later than thirty (30) days after a notice of termination is made. The City shall have all
remedies for the collection of the abated tax provided generally in the Tax Code for the collection of
delinquent property tax. The City at its sole discretion has the option to provide a repayment
schedule. The computation of the abated tax for the purposes of the Agreement shall be based upon
the full Taxable Value of the Tangible Personal Property without tax abatement for the years in
which tax abatement hereunder was received by Owner with respect to the Tangible Personal
Property as determined by the Appraisal District, multiplied by the tax rate of the years in question,
as calculated by the City Tax Assessor-Collector. The liquidated damages shall incur penalties as
provided for delinquent taxes and shall commence to accrue after expiration of the thirty (30) day
payment period.
ANNUAL APPLICATION FOR TAX EXEMPTION
22. It shall be the responsibility of Owner pursuant to the Tax Code to file an annual
exemption application form with the Chief Appraiser for each Appraisal District in which the
eligible taxable property has situs. A copy of the exemption application shall be submitted to the
City upon request.
SUCCESSORS AND ASSIGNS
23. This Agreement shall be binding on and inure to the benefit of the parties to it and
their respective heirs, executors, administrators, legal representatives, successors, and assigns. This
Agreement may be assigned with the consent of the City Manager. After any permitted assignment,
all references to Owner herein shall thereafter be a reference to Owner's successor with respect to
any obligations or liabilities occurring or arising after the date of such assignment.
NOTICE
24. All notices required by this Agreement shall be addressed to the following, or other
such other party or address as either party designates in writing, by certified mail, postage prepaid,
or by hand or overnight delivery:
If intended for Owner, to:
Attn: Kurt J. Pyka
KPT, Inc.
11262 Indian Trail
TAX ABATEMENT AGREEMENT - Page 7
44614
06388
Dallas, Texas 75229
If intended for City, to:
Atto: City Manager
City of Coppell, Texas
P. O. Box 478
Coppell, Texas 75019
With copy to:
Peter G. Smith
Nichols, Jackson, Dillard, Hager & Smith, L.L.P.
1800 Lincoln Plaza
500 N. Akard
Dallas, Texas 75201
CITY COUNCIL AUTHORIZATION
25. This Agreement was authorized by resolution of the City Council approved by its
Council meeting authorizing the Mayor to execute this Agreement on behalf of the City.
SEVERABILITY
26. In the event any section, subsection, paragraph, sentence, phrase or word herein is
held invalid, illegal or unconstitutional, the balance of this Agreement shall stand, shall be
enforceable and shall be read as if the parties intended at all times to delete said invalid section,
subsection, paragraph, sentence, phrase or word.
APPLICABLE LAW
27. This Agreement shall be construed under the laws of the State of Texas. Venue for
any action under this Agreement shall be the State District Court of Dallas County, Texas. This
Agreement is performable in Dallas County, Texas.
COUNTERPARTS
28. This Agreement may be executed in any number of counterparts, each of which shall
be deemed an original and constitute one and the same instrument.
TAX ABATEMENT AGREEMENT - Page 8
44614
ENTIRE AGREEMENT
29. This Agreement embodies the complete agreement of the parties hereto, superseding
all oral or written previous and contemporary agreements between the parties and relating to the
matters in this Agreement, and except as otherwise provided herein cannot be modified without
written agreement oft_he parties to be attached to and made a part of this Agreement.
CONVENANTS RUNNING WITH THE PREMISES
30. The provisions of this Agreement are hereby declared covenants rtmning with the
Premises and are fully binding on all successors, heirs, and assigns of Owner who acquire any fight,
title, or interest in or to the Premises, or any part thereof. Any person who acquires any right, title,
or interest in or to the Premises, or any part hereof, thereby agrees and covenants to abide by and
fully perform the provisions of this Agreement with respect to the fight, title or interest in such
Premises.
RECORDATION OF AGREEMENT
31. A certified copy of this Agreement shall be recorded in the Deed Records of Dallas
County, Texas.
INCORPORATION OF RECITALS
32. The determinations recited and declared in the preambles to this Agreement are
hereby incorporated herein as part of this Agreement.
EXHIBITS
33. All exhibits to this Agreement are incorporated herein by reference for all purposes
wherever reference is made to the same.
34. This Agreement and the tax abatement provided herein is expressly subject to
Owner entering into a lease of the Improvements prior to December 31, 2001.
EXECUTED in duplicate originals this the 13th day of Dec., 2001.
CITY OF CO~PELL, TEXA~,~ /~
By: CANDY SHEEHAN, MAYOR
L
ATTEST:
TAX ABATEMENT AGREEMENT - Page 9
44614
0 $ 8 05390
LIBBY BALL, CITY SECRETARY
By: PETER G. SMITH, CITY ATTORNEY
EXECUTED in duplicate originals this the 3 day ofDecember 2001.
KPT~ INC.
Kurt J. Pyka
TAX ABATEMENT AGREEMENT - Page 10
44614
CITY'S ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was acknowledged before me on the ~__~_-~day of~~~_,
2001, by Candy Sheehan, Mayor of the City of Coppell, Texas, a Texas municipality, on behalf of
said municipality.
My Commission Expires:
TAX ABATEMENT AGREEMENT - Page 11
44614
06392
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was
2001, by Kurt J. Pyka being
corporation.
My Corarnission Expires:
I/.
OWNER'S ACKNOWLEDGMENT
acknowledged before me on the
the Officer
Chief Executive
?) day of ~eZ~-.~',.,~*7~-
of KPT, Inc., on behalf of said
Notary Public, State of Texas
TAX ABATEMENT AGREEMENT - Page 12
06393
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GF# 1030323
Owner Policy No. 44-0352-100-1594
Page 2
DESCRIPTION
BEING 19.39 acre tract of land situated in the James A. Simmons Survey, Abstract No.
1296, City of Coppell, Dallas County, Texas and including all of Blocks 1 and 2 of
Coppell Commerce Center, an addition to the City of Coppell as recorded in Volume
81051, Page 3041 of the Deed Records of Dallas County, Texas and being more
particularly described as follows:
BEGINNING at a 1/2-inch iron rod set at the intersection of the north line of Burns
Road (a 60-foot right-of-way) and the east line of Freeport Parkway (an 81-foot
right-of-way at this point);
THENCE North O1 deg. 18 min. 00 sec. East a distance of 1,224.73 feet along the east
line of said Freeport Parkway to a 1/2-inch iron rod found for corner in the south
line of a tract of land conveyed to Home Interiors and Gifts, Inc. by deed recorded
in Volume 93062, Page 4532 of the Deed Records of Dallas County, Texas;
THENCE South 89 deg. O1 min. 04 sec. East a distance of 249.41 feet along the south
line of said Home Interiors tract to a 1/2-inch iron rod found for corner;
THENCE South 89 deg. 01 min. 28 sec. East a distance of 260.00 feet along the South
line of Block 5 of Coppell Commerce C~e~9.~ an addition to the City of Coppell as
recorded in Volume 81051, Page 3~41 of~.Dhe,~eed Records of Dallas County, Texas, to a
1/2-inch iron rod found for corner; ~ A.~ ~q
THENCE South 89 deg. 01 min. 04 sec. East a distance of 197.79 feet along the south
line of that certain tract of land conveyed to Mary Virginia Thweatt by deed recorded
in Volume 2112, Page 419 of the Deed Records of Dallas County, Texas, to a 1/2-inch
iron rod found for corner in the north line of a cul-de-sac for Hammond Street, said
iron rod being in a curve to the left that has a central angle of 180 deg. 00 min. 00
sec., a radius of 60.00 feet and a chord that bears South 01 deg. 17 min. 26 sec.
West;
THENCE along the west line of said cul-de-sac and said curve to the left an arc
distance of 188.50 feet to a 1/2-inch iron rod found for corner; THENCE South 01 deg.
17 min. 26 sec. West a distance of 1,059.15 feet along the west line of said Hammond
Street to a 1/2-inch iron rod found at its intersection with the north line of said
Burns Street;
THENCE South 87 deg. 17 min. 36 sec. West a distance of 709.12 feet along the north
line of said Street to the POINT OF BEGINNING and CONTAINING 844,459 square feet or
19.39 acres of land.
NOTE: COMPANY DOES NOT REPRESENT THAT THE ABOVE ACREAGE AND/OR SQUARE FOOTAGE
CALCULATIONS ARE CORRECT.
~ ~em pr~e~ because ...... ~le, ~flte~, or
gfl~m~cllDle under federal aw "' ~u,ur or race Js
~ATE OF TEXAS ....
~amped hereon by me and ~as dui~ m~ ?, ~ne date
-. ~.~--'~' CITY OF COPPE/.L
'-':' ..:255 PARKWAy 6LVD
PO EIOX,Ie8~ ~q '-7 ~
COPPELL TX 75019
MAY 6 2002
COUNTY CLERK, Dallas County, TexlI