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CF-TownC CHC-CN 821230CONTRACT OF SALE STATE OF TEXAS ) " =. ' ) COUNTY OF DALLAS ) THIS CONTRACT OF SALE ("Agreement") is made by and between the PARKS OF COPPELL JOINT VENTURE II (hereinafter 'Owner") and the CITY OF COPPELL, a municipal corporation and political subdivision of the State of Texas (hereinafter "City") upon the terms and conditions set forth herein. ARTICLE I DEFINITIONS The following terms shall have the meaning set forth unless the context clearly requires otherwise: "Property" - The approximately 766 acres of land owned by Owner located within the City, as more particularly described in the attached Exhibit "A", which is incorporated herein by reference. "Municipal Center Site" - The approximately 8 acres of land located within the Property, as more particularly described in the attached Exhibit "B", which is incorporated herein by reference. "Park Site" - The approximately 164.9 acres of land located within the Property, as more particularly described in the attached Exhibit "C", which is incorporated herein by reference. "Zoning Plan" - The zoning for the Property, approved by the City Counci~ of the City on June 22, 1982, and evidenced by Ordinance No. 204-~-16, dated July 27, 1982, as more particularly set forth in the attached Exhibit "D", which is incorporated herein by reference. "Zoning Ordinance" - Ordinance No. 204, as amended, as adopted by the City of Coppell. "Sub-Dfvision Ordinance" - Ordinance No. 185, as amended, as adopted by the City of Coppell. ARTICLE II PURCHASE AND SALE Owner hereby agrees to convey and City hereby agrees to purchase the Municipal Center Site and Phase I (hereinafter designated) of the Park Site, together with all and singular the rights and appurtenances pertaining thereto, in accordance with the terms of this Agreement, it being understood that Owner is simultaneously .granting to City options to purchase the balance of the Park Site (Phases II and III thereof hereinafter designated) under separate option agreements of even date herewith. ARTICLE III PURCHASE PRICE A. Municipal Center Site. The purchase price for the Municipal Center Site shall be Three ~undred Sixty-One Thousand Two Hundred Ninety-Two and No/100 Dollars ($361,292.00). The number of gross square feet~ has been determined by survey as provided in Article VI hereinafter. The purchase price for the Municipal Center Site shall be paid by City to Owner on the Closing Date, as hereinafter defined, in cash or by cashier's check payable to the order of Owner. B. Park Site Phase I. The purchase price for Phase ~ of the Park Site shall be Two Hundred Thirty-Thre6 Thousand Seven Hundred Fifty and No/100 Dollars ($233,750.00) for the approximately 51.34 acres designated "Phase I" on Exhibit "C". The purchase price for Phase I of the Park Site shall be paid in cash or by cashier's check payable to the order of Owner. ARTICLE IV CONDITIONS PRECEDENT TO OBLIGATIONS BY O~NE R The obligation of Owner to consummate this Agreement shall, at the option of Owner, be subject to the following conditions precedent, any or all of which may Be waived in whole or in part by Owner in its sole discretion. It is agreed, however, that City shall perform any particular waived condition following Closing upon Owner's request, any such item being a covenant which shall survive closing. !. The Zoning Plan shall be in full force and effect on the Closing Date. 2. The City Council of the City shall continue to agree that the prb~er interpretation of the Sub-Division Ordinance with respect to the Property shall allow for the Property to be developed as follows, it being agreed that such inter~pretation and the resulting application of the Sub-Dfvision Ordinance is the normal and reasonable course in light of all relevant circumstances: (a) No perimeter alleys shall be required between developments in different zoning classifications; (b) Residential lots may front on Moore, Deforest, Lodge, Heartz, Sandy Lake and Denton Tap Roads and Parkway Boulevard, provided that rear access driveways are provided for such lots; (c) Moore, Deforest, Lodge and Heartz Roads and Parkway Boulevard shall have sixty foot (60') rights-of-way with forty-four foot (44') wide paving, provide~ that Parkway Boulevard shall be a divided thoroughfare from Denton Tap Road to Heartz Road with two twenty-four foot (24') paving sections in seventy-four feet (74') of right-of-way; (d) On Moore, Deforest, Heartz and Lodge Roads and Parkway Boulevard, paving of only twenty-four feet (24') in width shall be required until such time as a final plat is filed of record for the property on the opposite side of such road; (e) Denton Tap and Sandy Lake Roads shall have one hundred twenty foot (120') rights-of-way, provided neither Owner nor its successors or assigns shall be required to construct, grade, pave or provide drainage for, or be specially assessed for the construction, grading, paving or draining, of such roads; (f) Sidewalks shall not be required to be constructed until such time as a building permit is issued for a particular lot or parcel; at such time, the sidewalk may be constructed at the street curb line; (g) Funds normally escrowed or used for completion of perimeter streets upon approval of a final plat may be used to build other collector streets in the Property, provided that Owner enters into an agreement at the time to replace such. funds when a subsequent tract within the Property obtains final plat approval. The deferral of the following perimeter street escrow or construction requirements and the following replacement substitution is acceptable to the City. Other deferrals and replacements requested by Owner will be reviewed by the City on an individual basis for approval, such approval to not be unreasonably withheld. (i) Deforest Road adjacent to the east side of Tract 17 - to be deferred at the platting of the approximate south one-half (1/2) of Tract 17 and to be replaced with the platting of the remainder of Tract 17. (ii) Lodge Road adjacent to the west side of Tract 11 - to.be deferred at the platting of Tract 11 and to be replaced with the platting of Tract 9. (iii) Moore Road adjacent to the west side of Tract 17 - to be deferred at the platting of Tract 17 and to be replaced with the platting of Tract 10. (iv) Deforest Road adjacent to the east side of Tract 15 - to be deferred at the platting of Tract 15 and to be replaced at the platting of Tract 4 (e~cept for Parkway Boulevard right-of-way)- (v) Deforest Road adjacent to the east side of Tract 14 - to be deferred at the platting of TraCt 14 and to be replaced with the platting of Tract 6 (except for Parkway Boulevard right-of-way)- (vi) Owner may substitute other tracts within the Property for any ,'replacement" tract provided Owner can reasonably demonstrate to the City that the substitute tract has equal or better development potential as the tract for which it is substituted. (h) Enclosed storm sewers shall be provided by Owner in all areas where the quantity of the accumulated storm runoff does not exceed the capacity of a thirty-six inch (36") diameter reinforced concrete pipe on the maximum available slope, as determined by Owner's engineers; where such capacity would be exceeded, open drainage channels may be constructed at Owner's option for the colleCtor'.channels in such areas within the Property;~ (i) Consent to borrow from or fill ar~as within any designated floodway will not be unreasonably withheld by the City; (j) The electrical distribution system shall be permitted to be overhead along Sandy Lake, Denton Tap, Heartz, Moore, Lodge and Deforest Roads and Parkway Boulevard and around the perimeter of each separately numbered zoning tract; within each separately numbered zoning tract, the electrical distribution system shall be underground except as provided above; (k) Filing of a final plat for an area shall constitute acceptance by the City of the streets for maintenance within such areas. It is agreed, however, that Owner and City shall not cause to be filed any previously approved plat until such streets have been constructed in accordance with the city specifications and accepted by the City of Coppell for maintenance as provided in the Subdivision Ordinance. (1) The one-time Park Fee normally imposed by the City shall apply to the Property, provided, however, any Park Fee or similar Charge imposed by the City shall not exceed Five Hundred Dollars ($500.00) for any net acre within the Property not conveyed to City pursuant hereto. Proceeds of any such fee shall be used by City either to make payments on the Note or to develop the Park Site. Any such fee due by Owner with respect to the first phase of development by Owner within the Proper'ty shall be payable at such time as Owner receives final approval of its second plat submitted for.an area within the Property; and (m)-~ Owner shall not be required to build water and sanitary sewer lines with the construction of Parkway Boulevard. Those lines to be located in the Parkway Boulevard right-of-way shall be constructed when and as those tracts adjacent to Parkway Boulevard are developed. 3. The City Council of the City shall have taken appropriate steps, including the adoption of such ordinances, if any should be necessary, in order that: (a) Owner will not be required to participate in any manner in the construction of an extension of Moore Road north of the floodway line. (b) The City will have abandoned Lodge Road along the southern boundary of Tract 9 as shown on the Zoning Plan; : (c) The City will have approved a master drainage plan for the Property prepared by Threadgill-Dowdy & Associates, Inc., which will include the location of any fill or borrow areas needed for restoration of mined areas and the location of any berm that may be proposed to be constructed; (d) The City will have granted its consent to the use of fill or borrow areas located on the Park Site or elsewhere as may be specified by Threadgill-Dowdy & Associates, Inc.; and (e) The City will have agreed to accept water detention areas as shown on the master drainage plan for maintenance purposes. ARTICLE V ADDITIONAL AGREEMENTS In consideration of the mutual undertakings set out in ~his Article V, and as additional consideration for the - purchase and sale of the Municipal Center Site and said Phase I, and the granting of the options referenced in Article above, Owner and City covenant and agree as follows, it being understood that such covenants and agreements are normal and reasonable provisions in light of all the circumstances: 1. The City shall pay its pro rata share of all utilities, paving, culverts, bridges, drainage, and other actual costs of improvements constructed adjacent to or that benefit the Municipal Center Site or Park Site. Attached as Exhibit "E" is a preliminary estimate by Threadgill-Dowdy & Associates, Inc., consulting engineers, of City's pro rata (see items A, C and D thereof) share of Parkway Boulevard adjacent to the Municipal Center Site, it being agreed that actual costs may vary substantially from Exhibit E. City's pro rata share shall be payable within fifteen (15) days after certification from-Owner's engineer that all such improvements or parts thereof have been completed to the standards of the City of Coppell or construction draws have been appropriately certified. Owner agrees that City may construct the north one-half of Parkway Boulevard adjacent to the Park Site subsequent to Owner's construction of the South one-half of Parkway Boulevard, and City agrees to complete construction of the North one-half of Parkway Blvd. no later than three (3) years following closing. All street rights-of-way around the perimete~ of such sites shall be located one-half on such sites. The City shall dedicate such rights-of-way on or before the written request of Owner to City. 2. The City will not unreasonably deny permits requested by Owner for the burning of vegetation, brush, and trees cleared from the Property. · 3. In areas of the Property zoned Multi-Family 2 in accordance with the Zoning Plan, a courtyard area and swimming pool for the private use of'the occupants of those projects will be provided; 4. A merchants' association with agreement of Owner, shall maintain any landscaping adjacent to the proposed Main Street as shown on the Zoning Plan for a period of ten (10) years after construction of Main Street commences; provided that such area shall be dedicated to the public, that the City will make water for such maintenance purposes-available free of any and all charges, cost or expense, and that the City will be responsible for maintenance after such ten (10) year period; 5. If the City should ever act to dissolve or acquire the assets of the Coppell Municipal Utility District No. 1 ("CMUD"), it will assume and make payment, at maturity, of any outstanding Bond Anticipation Notes issued to Owner by such utility district and honor any agreements between Owner and CMUD by assuming ~ny '. outstanding obligations or contracts of the CMUD made with the Owner. ~' 6. The Municipal Center Site and Park Site shall be used by the City in accord with the zoning of such sites under the Zoning Plan and the City shall not change the Zoning Plan with respect to.such sites. All use and construction on such sites shall be subject to the same restrict/we covenants as are placed on parts of the Property zoned Town Center, including the requirement of plan approval by any architectural review board, or any similar board, established for areas within the Property adjacent to the Municipal Center Site. 7. Owner acquired the Property for investment purposes and desires ~o maintain an investment in real estate following conveyance of the relevant parts of the Property =o City. To this end, Owner desires to effect a tax deferred, like-kind exchange pursuant to Section 1031 of the Internal Revenue Code of 1954, as amended, and in connection therewith, City agrees to cooperate with Owner so long as City shall not become subject to monetary obligations or monetary liabilities greater than those contained in this Contract, and Owner does hereby indemnify and hold City harmless from and against any and all liability arising udder, resulting from or in connection with the exchange contemplated by Owner. Without limiting Owner's general rights as herein stated, Owner shall have certain specific rights to effect an exchange transaction under this Contract. At any time before the Closing Date, Owner shall have the right to elect tO make this an exchange transaction rather than a sale transaction by giving City written notice to that effect. If Owner elects to make this an exchange transaction, City shall make a good faith ef-~ort to purchase, on terms and conditions reasonably determined by Owner, one or more parcels of-real property to be designated by Seller (the "Exchange Property'). Any contract City may enter into for the Exchange Property shall be freely assignable to Owner, without consent, by City and shall provide that City has no liability thereunder except for any earnest money which may be required to be deposited thereunder. In the event the seller o~ the Exchange Property alleges any default thereunder, ~ity will have the right to assign, and Owner will assume .and release City from any obligations and liabilities arising under the contract for the Zxchange Property, in which event an amount equal to the amount of any earnest money deposited by City for the purchase of the Exchange Property shall be immediately paid by Owner to City. The total cost (including prorations and normal closing costs) to City of acquiring and holding the Exchange Property shall not exceed the applicable purchase prices as set forth herein. On the Closing Date, City shall transfer the Exchange Property to Owner by Special Warranty'Deed in exchange for. those portions of the Property to be conveyed pursuant hereto and shall remit any portion of such purchase prices which was not expended in acquiring or holding the Exchange Property. In the event that the Exchange Property has not been located on the Closing Date, Owner may elect to convey the appropriate portions of the Property to City pursuant to a deferred "Starker' exchange. In such event, Owner, on the Closing Date, shall convey or cause such portions of'the.Property to be conveyed to City, and all or. part of the aforesaid purchase prices, at Owner's option, shall be applied in connection with such deferred exchange to acquire ~he Exchange Property on such basis as Owner may direct. 8. City acknowledges that the Park Site and 'Municipal Center Site are being acquired in an undeveloped status and are within the 100 year Flood Plain as .established by the Federal Emergency Management Agency and/or the U.S. Corp of Engineers and are subject to inundation of water ~rom time to time. City agrees to use all excavation material from the Park Site (except marketable gravel deposits) first for filling areas of the · Park Site and Municipal Center Site as designated by Owner from time to time. Owner shall have the right to select in its sole discretion the method of future flood control to .be u~ilized on the Property (whether by fill, levee system, ~r a combination thereof or any other feasible methed) and City agrees that its flood control method employed for the Park Site and Municipal Center Site shall be consistent with the method used for the Property as determined by Owner. 9. Owner agrees to construct Parkway Boulevard from Denton Tap Road to ~eartz Road, and to commence such construction within one (1) year of Closing. 10. City agrees to build, at its cost, a sixteen inch (16") water line along the east side of Denton Tap Road from Sandy Lake Road to Parkway Boulevard to provide water service to the Park Site and Municipal Center Site, and City agrees to complete construction of such water line prior to Owner's completion of utilities to be constructed in Parkway Boulevard as required by paragraph 9 immediately above. A preliminary estimate of the cost of such water line is set'~o~th in item B of F. xhibit ~ attached hereto. ARTICLE VI SURVEYS The Owner has delivered to City, at its cost, perimeter surveys of the Municipal Center Site and Phases I, II and III of the Park Site. Such surveys, which are acceptable to City, state the gross number of sguare, feet in the Municipal Center Site and =he gross number of acres in each of Phase I, II and III of the Park Site, including certain areas to be dedicated by =he City as rights-of-way pursuant =o Article V above. If the closing of the purchase of such sites fails to occur for any reason, the City shall promptly reimburse Owner for the cost of such surveys. ARTICLE VII MODIFICATION OF LIENS The obligation.-of Owner to consummate this Agreement is expressly'subject to Owner obtaining modifications of the release provisions contained in the Deeds of Trust affecting the Municipal Center Site and Park Site satisfactory to it in order that it can convey such sites in accordance with this Agreement. Owner shall use all reasonable effort to obtain such modifications. ARTI CL~ l/III TITLE POLICY Within fifteen (15) days after City executes and delivers this Agreement, Owner, at Owner's sole cost and expense, shall cause to be delivered to City an Owner's Title Policy Commitment (hereinafter the "CommiT_~ent") issued by Chicago Title Insurance Company, 2001 Bryan Tower, Dallas, Texas (hereinafter the 'Title ~ompany") and accompanied by certified copies of all recorded documents relating to restrictions, easements and other matters affecting the Municipal Center Site and Phase I of the Park Site. City shall give Owner written notice on or before the expiration of two (2) days after it receives the Commitment and said 6opies of documents, if any encumbrances listed in the Commitment are not satisfactory to City. In the event City gives notice, that any encumbrances are not satisfactory, Owner may undertake to eliminate or modify all such unacceptable matters to the reasonable satisfaction of City. In the event Owner is unable or unwilling to do so within one (1) day after receipt of such written notice, City may, at its option, terminate this Agreement, in which event neither party hereto shall have any further obligation or liability hereunder. If such notice is not given by City to Owner, the encumbrances shall be deemed to be acceptable and any objection thereto shall be deemed to be waived for all purposes. Notwithstanding anything herein to the contrary, existing deed of trust liens and utility easements shall not be the subject of objection by .City. ARTICLE IX CLOSING The closing shall be held at the office of the Title Company at 10:00 A.M. on December 31, 1982, unless held upon an earlier date agreed upon by City and Owner (the "Closing Date"). On the Closing Date, Owner shall: 1. Deliver to City duly executed and acknowledged Special Warranty Deeds in forms attached hereto as Exhibits ~ , Patak and ~ for the Municipal Center Site and Phase I of the Site, each conveying good and marketable title in fee simple, free a~d clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except those approved by City; 2. Cause to be issued to City an Owner's Title Policy in the amount of the total purchase price insuring such title; and 3. Deliver'to City possession of the Municipal Center Site and Phase I of the Park Site. On the Closing Date, City shall pay in cash the purchase price to Owner-as set forth in Article III hereof. General real estate taxes for the then current year relating to the Municipal Center Site and Phase I of the Park Site shall be prorated as of the Closing Date and shall be adjusted in cash on the Closing Date. If the Closing Date shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the then preceding year applied to the latest ~ assessed valuation. If the Title Company has not made a final determination of the ad valorem taxes due, then Owner shall remain obligated to pay the correct and final taxes following closing. Other costs of closing and consummating the sale and purchase shall be borne and paid as follows: (a) Owner's Title Policy shallbe obtained and paid by Owner; (b) Escrow fee, if any, shall be paid by City; (c) Filing Fees shall be paid by City; and (d) Owner and City shall each pay their own attorneys' fees. ARTICLE X CONTINUING AGREEMENT The agreements and covenants set forth in this Agreement are prospective in nature and shall not be merged into the closing of the conveyances contemplated, but shall survive such closing. The City acknowledges that the Owner intends to retain and develop for purposes of leasing to tenants and for investment the balance of the Property not to be conveyed to City pursuant hereto or the aforementioned option agreements and that consequently the Owner would not have agreed to sell the Municipal Center Site and Phase I of the Park Site but for the agreements contained in this Agreement, including without limitation, the provisions of Articles IV and V and this Article X. Therefore, City hereby agrees that it will not, without the written consent of Owner or the owner of the part of the Property that would be affected, through the adoption of new or amended ordinances or any other method/'deny or alter Owner's right, and the right of subsequent owners of any part of the Property, to develop the Property in accordance with the Zoning Plan, the continuing interpretation of the Sub-Division Ordinance, and the agreements contained in Articles IV and V hereof, and to enforce any other agreements made by the City, for a twenty (20) year period commencing on the date of execution of this Agreement by Owner. Should the City do so, or directly or indirectly act or fail to act in a manner which would impair the position or rights of Owner contemplated by this Article X, Owner shall have the right to repurchase Phase I of the Park Site for an amount equal to the purchase price paid by City to Owner, which right shall be set forth in the Special Warranty Deed to be delivered by Owner pursuant to Article IX hereinabove and in a short form recordable memorandum of this Contract of Sale to be executed and delivered at Closing in form satisfactory to Owner. ARTICLE XI BREACH BY OWNER If Owner fails fully and timely to perform any of its obligations hereunder or fails to consummate the sale of the Municipal Center Site and Phase I of the Park Site for any reason, except City's default hereunder, or City or Owner's termination of this Agreement pursuant to the terms hereof, City's sole remedy is to enforce specific performance of this Agreement. ARTICLE XII -. BREAC~ BY CITY If City shall fail to consummate the purchase of the Municipal Center Site and Phase I of the Park Site, the conditions to City's obligation have been satisfied and City being in default and Owner not in default hereunder, Owner as its sole remedy may enforce specific performance of the City's obligations hereunder, except that Owner shall not have a right to enforce specific performance to require the City to purchase all Or any part of the Municipal Center Site or Phase I of the Park Site. ~ ARTICLE XIII MISCELLANEOUS Parties Bound' This Agreement shall be binding upon and'shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns, including all owners of any part of the Property.' Prior Agreements Superseded This Agreement and the aforementioned option agreements of even date herewith, constitute the sole and only agreements of the parties hereto and supersede-all prior understandings and written or oral agreements between the parties respecting the within subject matter. Time of the Essence Time is of the essence of this Agreement. EXECUTED AND DELIVERED By City on /~-~O , 1982 City Secr~ary J EXECUTED AND DELIVERED By Owner on /D/~o , 1982 "CITY": CITY OF COPPELL//~ : PARKS OF COPPELL JOINT VENTURE I I By Mh~ing Venturer · ,. I=~IBIT A EING 766.112 acres of land in three parcels situated in the S. M. ttlatt ~ul-vey, Abstract ~ber 638, Dallas ~un=~, Texas, ~b~ B.B.~. ~ C.~.R. ~. Sudsy, ~s=ra=t Number 200, lll~ ~un~y, Tens, =he ~. A. Trimble Sudsy, ~stract Number 1268, Dallas Coma=y, Texas, ~s~ract Number 1268, Denton County, Texas~ the heirs of Gilbert C. Uoolsey Sudsy, Abs~rac~ ~ber 10a~, Dallas ~un~y, Te~s, the Alfred Lo~sdon Sudsy, l~st~act ~u~er ?83, Dallas ~un~, Texas~ Ihs ~ibered ~enderson ~u~ey, ~stract Number 629, Dallas County, Texas, lari~ Squires 5u~ey, ~strac~ Number 1327, Dallas County, Te~a, ~he ~.A. & ~.G.R.~. ~r~t, ~stract Number 1130~ Dallas ~unty, T~as, and ~he George ~. Jack Su~y, ~s~ract u~er ~Di, Dallas ~un~, Te~s; and bein~ more particularly described as £I~G 1~1.335 acres of land situated in the said George ~. Jack Survey, the said S.A.'& ..C.P-IL. Survey, and the said Clarinda Squires Survey and bein~ · portion of that certain .roc~ of land as described in deed from Good Financial Co~. ~o H. DouElas Adkins, Truslee, .s re~rded in ~ol~e 76188, ~age 2355, Deed Records, Dallas County, Texas and being lescribed .~ follows: :~:IN~ at the cenlerline i~tersection of Denton Tap ~ad, ~th Sandy ~ke Road; ~ N. 03 degrees 18 ~nules 58 seconds ~est, ~:h :he Centerline of Denton Tap Road ~32.~ lest; .~ N 01 degree 00 ~inules 58 seconds ~est, ~:h said cenle~line~ 1355.27 feel; ~ S 88 aegrees 59 ~nutes 02 seconds ~es:, 50.00 feet to Ihs point of ;aid ~i~: lying on :he gest right-of-raY llnt of said Denton Tap ~ad~ and being ~or:h~st co,er of a tract of lan~ as describe~ by teed ~o :lifto~ K. ~:a~, i~ ~69iI, ~age ~1~03., Deed Records, Dallas~unty,-Texas; ' ~ S 89 degrees 09 ~nutes 37 seconds ~es:,-~th the North lint of said ~Gra~ tract, 227.10 feet; ~ S 00 'degrees 50 minutes 23 ~econds ~st, ~tb :he ~esl.liue-of_~ai~ McGrav ~ S B9-degrees 09 ~nutes 3{ ~econds gest,-~th ~he ~orth l~ne of a tract of !and as aescribed ~7'~-to ~ilt~.~o~,~olu~e ~2~5~, ?age 2335, Deed Records, Dales ~ S O0 desrees ~0 ~nuzes 23 seconds boY, ~h Ihs 9esr line. of said RousZ~ Trac~, ~ S 89 de,tees 09 ~nu~es :37 ~econds ~es~,. ~h ~he .Botch line s~ o~ lone .as described in Volume 7006~, Page' 1~5, ~ed ~cords,-Dallas-~un~Y~ ~ N 01 ~esree' la n~nu~es 33 seconds West,. ~h ~he..~s~,line- ol:o.~rac~ of. land des~bed by .deed ~o DelMn ~eavre Co~oraviou, in Volume ~0061, .Pa~e-lal5, Deed ~cords,. ~ S 89 ~e~ees ~7 ~nu~es 07 seconds West, .~h n fence l~ne, 2~.20 ~ ~ 87 de,tees 35 u~nu~es 0~ ~econ~ West, ~h said fence line, 1~00.~0 fee~; ~C$ ~ 87 desrees ~ minu~es 59 seconds ~es~, ~h said fence line, 2a~.90 fee~ ~E ~ 01 desree 37 ninnies 53 seconds ~es~, ~h a fence line 2520.00 ~ee~ ~o a ~he cen~erline o~ ~n~on Creek; ~ ~h ~he ~anders o~ ~he said cen~erline o~ Denton Creek, ~he follo~n~ courses: S 67 desrees 02 ~nu~es 03 seconds hsd, a7.30 S 81 degrees 23 ~nuzes 23 s~onds hsd, 55.70 fee~; S 57 desrees ~1 ~nu~es 53 secon~ hsd, 89.60 S 35 desrees ~1 ~nu~es 23 seconda ~s~, 101.30 ~ee~; degrees S 65 degrees $ Bg'degrees 39 minutes 23 S 83 degree~ 21 ~Lnutes 23 n oJ degrees ~2 u:Lnutes 37 N 7& degrees 39'~t.f. nutes 37 ~ &3 degrees 00 l~utes 37 N 60 degrees 2B~Lnutes 37 S 77 degTees O! ~nutes 23 S 50 de,reds 0~ ~nutes 23 S 57 23 seconds East, 260.T0 feet; 26 ~Lnutes 23 seconds Fast, 69.70 feet; &2m~nutes 23 seconds Fast, 262.00 feet; seconds East, 222.00 feetl seconds ~ast, 21~.7~ feet; seconds Fast, 202.50 feet; seconds Fast, 91.O0 feet; - seconds East, 296.7~ feet; seconds Fast, ~lO.O0 feet; seconds East, 236.0~ feet; seconds ~st, degrees ii ~Lnutes 23 seconds Y. ast, 5S0.00 feet; degrees ~ ~Lnutes 23 seconds East~ 272.00 feet; degrees ii ~nutes 23 seconds Ea~ 3~0.00 feet; THENCE v~th the said 1assr right-of-raY l~ne; the folibv~ng five'courses:-:':- : --" ': "' S DO degrees 5! n:Lnutes 58 seconAs ~st,-34lL'B2 feet' to the-~egi~in~ of a cu~e to t~e ' right ~th a radius of 5669.70 feet and a cen:ra~ angle 'of 02 degrees 53 ~nutes _ __ ~:~ Southerly ~th .sa~ cu~e, 2BS.32'~eet t~-the end o~ sa~d cu~e; . ~ S O0 degrees 37 ~nutes 3A oeconds'~est,"26X-~O ~eet;" :-~=-: ......... . ~:.~.__..~. ~CE S 06 degrees ~9 ~notes 20 se~ond~ ~est,-321.BB ~eet;' '= ~ S O1 degree O0 ~nutes 58 seconds':~st~ ~A67..36 ~eet 'to .:he point o~ ~egin~.and contain~ng a ~oss a:~ o~ 7,027.887 square feet o: 161.338 ac:es of ~E2NG 593.8~9 acres o~ len~ situated ~n ~he said S*~;~'G'R'R'' Sudsy. the'se~d Clarinda Su~ey, the said ~. A. Triable Su~e~, the said ~.~.~- Squires Sudsy, the sa~d heirs o~ G~bert C. ~oo%sey Sudsy, the sa~d S~bered Sudsy, :he sa~d A~red ~sdon S.~. H~g~-SU~' and being a port~ o~ .tbt .~rta~n C.~.L ~- Sudsy, and the said :tact of ~and as described ~ said deed f:~ Good Financta~ Co~., to ~. Douglas ~kins, Trustee, ~n 1olume 76~8B~ ~aSe 23~5~ Deed'Records, Da~2as ~unty, T~a~'and be~n& C~C~G at the sa~d cen:e:~ne ~:e~sect~on of Den~oa Tap ~ad and Sandy ~ke ~ H 03 de,tees ~8 ~nu:es 5~ seconds Vest, ~tb the cente:~ne of sa~d Den:on Tap ~oad~ 78.~0 feet; ~C~ ~ 86 degrees A~ ~nutes 02 seconds ~st~ 50.00 feet to the ~o~nt of ~e~nn~n~ point ~y~nS ~ the ~st r~ht-of~aY ~ne of sa~d ~nton Tap ~CE ~th the s~d ~t ~ght~f-~ay ~ne of Deato~ ~ap ~ad~ the fol~n8 ~ne course~ ~ 03 deE:ess ~8 m~nutes 58 seconds gest, ~39.20 feet to the be~nn~ of a cu~e to the :LEht ~:h a radius of 5679.70 feet and a cen:ra~-aa~e of-O2-deg~ees ~8 ~nu:es -. O0 seconds; ~C~ Ho::he:~7, ~th ~d cu~e ~o tbs :~Sh:, 227.96 feet to :he end of sa~d cu~e; the right ~rlth a radius of }679.70 feet end a central angle of 03 ~rees 02 minutes O0'seconda; 1-FiLrNC£ Northerly, ~rlth 1TIENCE~ 02 degrees O1 THENCE N 07 degrees &3 ITIENC~ 02 degrees Ol :he left ~rith a radius ~CE ~ ~ degrees 51 Dent~ ~CE ~e~anders of the sa~ centerline of Denton Creek, the folloving courses: N T9 &e~ees OT ~nutes 25 seconds ~s:, ~a7.77 feet; said curve to the right, 300.68 feet to the end of said cutwe; a~inote 02 seconds ~East, 2dB.&0 feet; ~Lnutes a0 seconds ~ast, 100.50 feet; ~inute 02 seconds ~ast, 551.90 feet to the beginning of a curve to of 5789.70 feet and a central angle of 02 degrees 53 ~inutes O0 second said curve to the left, 291.36"feet to the end of said 'curve; ~Lnutes 58 seconds West, 3~2.BB feet to a point in the centerline of 171.67 feet; 160.00 feet; 1B$.0O feet; 600.00 feet; 3&0.O0 feet; 300.00 feet; 1~ 27 degrees 07 minutes 25 .seconds East, 3B0.00 feet; · * ~1 72 degrees 07 minutes-25 ~ecnnds-~-ast,'280'OO~eet;'' ' ' ' S S~ degrees 52 ~nutes 35 seconds ~st, 171.70 feet; ~ S ~:~s ~2 ~nutes ~S ~econ~ ~st, 72.61 feet of said D~:on Cr~k; ~CE ~"the.~aadeTs-'of-'sa~d South bank of -Denton Creeks- the N 85 degrees 51 ~nutes~9 ~ec~ ~s~326.TA feet;- -. -- .... N 7A degrees ~ ~nutes 59 ~econds ~st+.27S.O0 feet; .... N 67 degrees 26 ntnutes 2~ seconds ~s:, ~S5. O0~eet;.-' '--. S BB degrees 37 ~nutes A6 seconds ~s:~ 75.90 feet; S 81 degrees 69 ~nutes tl seconds hs:, 195.25 feet; S fl9 degrees 55 ~nutes al seconds ~st, 112.55 feet; H 70 degrees ~ ~utes 5i seconds ~st, 75.R5 fee:~ S 56 degrees 17 ~uutes 59 seconds ~st, 176.70 feet; N 65 ~egreeS al ~nutes 19 seconds ~st, ~52.20 feet; ~ a3 de~ees a3 ~uutes 29 secoo~ hst, 115.30 feet;. H ~ de~ees 37 ~utes 2~ seconds hst, 360.a0 feet; H al degrees A& ~nutes O1 second ~est, 89.90 feet; H 20 degrees 2~ ~nutes 39 seconds ~st, 153.00 feet; S 69 degrees 58 ~nutes 21 seconds ~st, 182.00 feet; to a point on the South bank ~ lB degrees 31 minutes 25 seconds East, ~ ~8 degrees 07 minutes 25 seconds East, S 61 degrees 52 minutes 35 seconds East,- S 85 degrees 52 minutes ~5 seconds East, N 8B degrees 07 minutes 25 seconds East, N 77 degrees 07minutes 2~ seconds East, degrees O1 ~n~nu', J9 seconds Fast, 131.DD feet; D! ~nute 39 seconds Fast, 101.O0 feet; N 63 degrees 46 n~nutes 39 ~ &~ degrees 2! ~nutes 39 H ~0 degrees 36 u~nutes 39 N 06 degrees 51 n~nutes 39 ~'O~ degrees 3~ ~Lnutes'39 N 30 degrees 36 minutes 39 H 32 degrees 31 ~nutes 39 ~ 28'degrees seconds Y. sst, 100.00 feet; seconds~ast, 78.00 feet; seconds Fast, 82.00 feet; seconds Fast, 124.00 Jeer; secDnds T. ast, 181.00 feet; Seconds Fast, 342.00 feet; seconds Fast, 2Bl.00 feet; O1 ~Lnute 39 seconds T~ast, 150.00 feet; = o . ~ 37 degrees 51 ~[nutes 39 seconds Fast, 165.00 feet; ~ 75 degrees D6 ~'Lnutes 39 seconds Fast, 61.00 Jeer; Tlt~C£ N 26 degrees 35 ~Lnutes 39 seconds Fast, leaving said South bank of Den:on .Creek, 160.00 feet; ~CE S 63 ~egrees 24 ~nutes 21 seconds ~st, 200.00 feet; ~NCE S 26 degrees 35 ~nu[es ~9 seconds ~es=, 175.00 fee~ to a point on the said South bank of Denton Creek; ~NCE~h ~he ~aaders of the sa~d Sou~h ~ak.of-~n~on ~reek.t~ /ollo~nS co~rses: .... S 60 degrees 33 ~nutes 21 secon~ ~s[~ S 61 deeress 58 ~nu~es 21 seconds ~s[, 100.ODdest; ..... S 6B degrees 18 ~nu=es 21 secoa~ hat,~0'00:/eet; S 75 degrees 3~ ~nu~es 21 seconds~'~c2~l''D0 test; ._ - ........ '~' ....... ~ 71 degrees 21'~nu~es 39 seconds ~s[, 280.00 feet; _ --_: ~ B6 degrees 01 ~nu[e 39 seconds ~st, BS.OO fee~ ~o a po~u~ on ~he ~es[ l~ue of Creek ~eud Estates, an addi~i~ to ~be C[~y o~-C~l,~e~s; ~ ~, ~age 52, ~ed ~cords, ~nton County, ~s; -..:., ~ S 01 degree O~ ~nu~es ~8 seconds hsd, ~h Sa~d ~est l~ne of cre~ ~nd 900.1~ feet ~o a poLut being the ~or~heas~ c0~er:~:a~rac~°f'~land''f°~:~ '~'~ as recorded ~n Vo~une 77~, ~a~e 93, ~ed Records, Dallas County, ~CE S 88 degrees ~7 n~nu~es ~ seconds ~es~, leav~ng sa~d ~es~ l~ne and along ~he ~C[ S 01 de~ree 02 ~nutes 55 seconds ~st, along a ~est line of' sa~d 1t[~ sta~t~ ~rac[, 100.O0 feet; . . ~NCE N 88 degrees 57 ~nutes 02 seconds ~St, alonE? South line of said lift station ~ENCE S 01 degree 02~nutes 58 seconds ha:, along a Vest l~ne of said l~ft station tract, [35.00.[eet; ~CE N 88 degrees 57 ~nutes 02 seconds ~st, along South l~ne o~ said lift station trac~ AO.00 feet to a po~nt being the South~st co.er of sa~d l~ft s~tton and the Sout~st co.er of sa~d Creek ~nd braces; ~CE N 88 degrees 56 ~utes~2 seconds ~st, a~ong the South ~ne o~ sa~& ~states, 9a.23 fee: :o a po~n: ~n the ~est l~e of Deforest ~NCE S O~ degree %3 ~nutes 06 seconds hst, ~th ~d Vest l~ne of ~fo:est ~660.98 feet; '.o~s~ ..~o~e~ of a ~ac. ~ ~and conveyed to ~e ~ppe~X ~n~eP~nt Scho~ D~s~Xct, ~de~cz~bed ~ ~o~e 76~88, P~ge 2~72, ~ed ~eco~ds, ~a~as Cou~_~, a tract o~ 2a~a co~veyed to ~a~a:a S. Austin, as described ~ Vo~u~e 7806~, ~age ced ~co~ds, ~a~ ~unty, .~CE S ~ ~eg~es O6 ~nutes ~6 seconds ~st, ~:~ t~e ~est 3~ne of sa~ Austin ::act, .~0.60 ~eet to a po~nt on t~e Nort~ ~ne of sa~d Sandy ~ ~CE S 88 deg~e~ 28 ~nutes 39 seconds ~est~ ~:h said ~orth ~ne, '290.95 feet to the ~ost Sou:beast co~e~ of a tract of ~and conveyed to Sandy ~ ~apt~st ~urch~ as .n ~o~ ~600~ ~age 972, ~ed ~ecords, Da~as County, ~e~s; ~ ~ O0 degre~ 05 ~u~:es 5~ seconds ~st, w~t~ :he ~s: 2the of sa~d ~urch tract+ ~CE S 8B degrees ~5 minutes 51 seconds ~est, ~th the No,th ~ue of sa~d Church tract, ~99.60 ~ee: :o a ~nt ~n t~e '~st ~ne of n tract of ~and conveyed :o ~oe ~ ". Ln ~ol~e ~77~, Page 296, ~ed Records, Da~as County, ~ ~ O0 degrees 2~ ~nutes 5~ seconds ~st, v~t~ the ~s: ~ne of sa~d ~Y tract, 768.~0 feet; ~CE South 8S degrees SB m~nutes 5~ seconds ~es:, ~:h the No~th 2~ne of sa~d 852.a9 fee:' to a'potn: ~n the cente:~ne of ~dge Road; ~CE N O0_degrees ~0 mLnutes 23 seconds ~s:, ~:h sa~d cente:~oe ~8. SL~ee:;: '.- - ~N~ S 89 degrees 0~ ~nutes 35 seconds ~est, ~tb :he. most-SoutbeT~Y~ ~ne.of-'sa~d Squ~:es Su~ey~ ~86~.83 feet~to t~e most Northwest corner-of a tract of ~an~ conveyed to j. & ~. Co~any,;Xnc-, as described ~ ~o~e 79009, ~age ~3~,.~eed Records, ~allas County, ~CE SOl degree aa ~utes ~6 seconds ~s:, ~:h the ~es: ~ne of sa~d J. & 'E. C~pany ::act, 1A19.83 feet;' - ::act~ 6~B.39-~eet to t~e.~st Xon~est.co~e~o~ a-tract o~ ~and conveyed ~u~, Jr.,~s-descr~bed-~''v°l~e 21~3,:.~age 595,.~ed Records,:~l~ County~ ~ S O~ degrees ~1 ~utes -O3~e~nds -~est,~.~th -the ~es: l~ne of said' Bu~..tract,. 1~53.29 ~ee:~0 a' ~tnt on the-~ald~orth ~ne of. ~ney ~ke ~ad; =~.- .... :'-'~ ~ S 88 de,reds 28 ~nutes ~2 seconds ~es.~, .~t~ ~Be said-North ~Ine~[f Sandy..~ke Road, 677.68 leer; . '" '- ~ N 01: degree'~a ~es ~2~econds hst,.-~t~ ~he hat l~ue efta:tract conveyed to-~trl~ A. h~old, as descriBed.tn Vol~e 77116,.~age-627,-Dee~ ~ecoras, ~CE S 89 degre~ 5~ ~nutes la seconds gear, 6~0.05 leer'to a po~n: ~or co,er, ~N~ S O~ 6egr~ 22 ~nutes a~ secou~ ~st, 620.89 [eet to a po~nt ~ the a[ore~ntioned North l~e of Sandy ~ke ~; 770.81 fee: :o :he ~s: Southeast co,er of a tract of land conveyed :o ~. A. as descr:bed ~ Vol~e ayal, Page 618, ~ed Records, Dallas ~unty, Te~s; ~ N O0'degrees 56 ~nutes ~9.~ecouds ~est, ~th the ~st line of said'arranger ::act, 251.79 feet; ~CE S 89 aegr~ O3 ~nutes 11 seconds ~est, ~th the ~orth l~ne of said Ott~ger tract, 173.00 feet; '' ~CE S O0 desrees 56 ~uutes 19 seconds ~st, ~:h the gest l~ue of sa~d Ott~nge: tract, 251.79 feet to a pint ~ the sa~ North line of Sandy ~ ~CE S 88 deErees a2 m~nutes 38 seconds gear, ~th t~e said Sorth line of ~ad, 37g.66 feet; ~t~inl~ · sro~s are~ o! 25,B67,623 .aq~re feet ~z ~93.~3~ acres n~- la..nd. ~t certain tract of ~a~ conveyed to ~. ~u~l~ ~ns, Tr~tee, as.described by fortaz ~d; ~ S 8S 6esr·es ~9 ~nuzes ~0 seconds ~esz, ~th the sa~d North 1~ne o~ $~ndy ~.~ ~eeZ to the ~st Southeast co.er of a ~ract of 2and conveyed to hrbara ~. Austin, ~cribed by ~ed recorded in Vo]~ 7B~69. ~age 0~6Bv ~ed ~ecords, Dallas Koun~y, Texas; 6.i0 feet Zo ~he ~sz Southwesterly co~e~ of a Zrac~ of land conveyed to the de.·tent School ~strict, as described in Volune 761B8, Pa~e 2372, Deed ~ecords, Dallas ~ BBB de~rees 31 ~nutes O0 ~econds hsd, ~th ~he South line of said School ~ract. ~.~9 feet to a p~in~ ~ lb· said ~es~ line of Deforest bad; _ ~ S 01 de~ree 2~ ~nu~es O0 sec~ds ~;~0 ~th the said ~esl line of Deforest -.. ~_= .~.-_- , :-_._~''~_ -.--:.;.. -. MUNICIPAL S~TE BDUNDARY DESCRIPTION BE]NG a tract of land situated in the S.A. & M.G.R.R. Survey, Abstract No. 143D in the City of Coppell, Dallas County, Texas, and also being part of a tract of land as described in deed from Good Financial Corp. to M. Douglas Adkins, Trustee, as recorded in Volume 76188, Page 2355 of the Deed Records of Dallas County, Texas and being more particularly described as follows: CDMMENCING at a point of intersection of the east line of Denton Tap Road ( a variable width rioht-of-way) with the centerline of Denton Creek, said point also being the ~ost southerly southwest corner of a tract of land as described by deed to Pure ~ce and Cold Storage Co. and recorded in Volume 65694, Page 1496 of the Deed Records of Dallas County, Texas; THENCE along the said east line of Denton Tap Road the folJowing courses and distances: S.O°51'58''W', 342.88 feet to the beginning of a curve to the right having a central angle of 2°53'0D'' and a radius of 5789.70 feet; Thence along said curve 291.36 feet to the end of said curve; Thence S.2°O1'02,'W., 551.90 feet; Thence S.7°43'40,'W., 100.50 feet; Thence S.2°O1'D2''W., 248.40 feet to the beginning of a curve to the left having a central angle of 0o46'5D'' and a radius of 5679.70 feet; Thence along said curve ??.39 feet to end of said curve; Thence l~.SB°Sg'02''E., leaving said east line of Denton Tap Road, 40B.48 feet to the POIhq DF BEGINNING; THENCE N.SB°59'D2''E', 241.26 feet to the beginning of a curve to the left having a central angle of l?°D6'O1'' and a radius of 1DSD.OD feet; THENCE along said curve, 313.3B feet to the end of said curve; THENCE S.l°DD'58''E., 671.41 feet to a point for corner; THENCE S.88°59'02''W-, 5SD.OD feet to a point for corner; lH~NCE H.l°O0'58''W-, 624.99 feet to the Point of Beginning-and containing 348,480 square feet or B.O00 acres of land. PHASE BOUNDARY DESCRIPTION BEING a tract of land situated in the Clarinda Squires Survey, Abstract No. 1327 and the S.A. & ~t.G.R.R. Survey, Abstract No. 1430 in the City of Coppell, Dallas County, Texas and also being part of a tract of land as described in deed from Good Financial Corp. to M. Douglas Adkins, Trustee, as r~corded in Volume ?6laB, Page 2355 of the Deed Records of Dallas County, Texas and being more parti- cularly 6escribed ~s follows: ' BEGINNING at a point of intersection of the west line of Denton Tap Road { a variable width ri=hr-of-waY) with the centerline of Denton Creek, said point also being the most southerly southeast corner of a tract of land as described by deed to jack Lively recorded in. Volume 426, Page 5lO of the Deed'Records of Dallas County, Texas; THENCE along the said west line of Denton lap Road the follov~ing courses and distances; S.O°sl'5B''E', 341.82 feet to the beginning of a curve to the right having a central angle of 2°53.00" and a radius of 5669.70 feet; Thence along said curve 285.32 feet to the end of said curve; Thence S.0C37'34''W., 161.90 feet;T'hence S.6Olg,20"W., 321.8B feet; Thence S.l°DD'58"E-, 22.D5'f~et to a point for corner; THENCE S-67°24'35''W', leaving the said west line of Denton ?ap Road, gD2.06 feet to a point for corner; THENCE N.1°ll'53,'W', 64.43 feet to a point for corner; THENCE N.35~29'46''W', lga.0B feet to ~ point for corner; THEHCE N.4°43'22''W., 536.17 feet to a point for corner; THEN~ N.41°iO'51''W-, 115.77 feet to a point for corner; . IHENCE N.31°iD'51''W', lA66'96 feet to a point for corner on the centerline of said Denton Creek; THENCE alono th~.~aid centerline of Denton Creek the following courses and ~ o~O~l'23"E. 211 75 feet; Thence distances; S.89°3~'23''E'' 37.22 feet; Thence ~.~ ~, · N.83o42,3?"E., 1D2.50 feet; Thence N.?4°3g'3?''E'' 91.00 feet; Thence 1~.43°00'37''E'-, 196.74 feet; Thence )~.60°28'37''E', llO.O0 feet; Thence S.77°01'23''E., 136.00 feet; Thence S.50°01'23''E', 170.OD feet; Thence S.37°ll'23''E', 550.00 feet; Thence S.57o11,23"E., 272.0D feet; Thence S.?l°ll'23''E', 340.0D feet; Thence )~.88cla'3?''E-, 50.83 feet to the Point of Beginning and containing 51.343 acres of land. BOUNDAR~ DESCR]PT]O~ BEING a tract of land situated in the Clarinda Squires Survey, Abstract No 1327 and the S.A. & M.G.R.R. Survey, Abstract No 143D in the City of Coppell, Dallas County, Texas and also being part of a tract of land as described in deed from Good Financial Corp· to M. Douglas Adkins, Trustee, as recorded in Volume 761BB, Page 2355 of the Deed Records of Dallas County, lexas and being more parti- ularly described as follows: a oin~ of intersection of the east line of Denton Tap Road {~ BEG]NNIN~ at P ' . ....... n~+~n Creek, said point also variable width ~i?t-of-way) with the cen~er~n~ u ...... being the most o therly southwest corner of a tract of land as described-by deed to Pure 1ce and Cold Storage Co. and recorded in ¥olume 65694, Pa~e 1496 of the Deed Records of Dallas County, Texas; THENCE along the said centeriine of Denton Creek, and the said south line of the Pure )ce and Cold Storaoe Co. tract she fol!owino courses and diszances: N.7?OT'25"E., 147 77 feet:'Thence ~.lB~3i'25''E', '1~.6~ feet; Thence K.4B°O7'25''E., 160.00 feet; Thence S.61°52'35''E-, 1SS.OD fee~; Chence S.o~ ~ ~: :., 600.00 fe~:; Thence I(.88°07'25''E', 340.0D feet; Thence N.77°07'25''E., 300.00 feet; Thence . N.27OOT'25"E., 3BO.OD fee~; Thence N.72:OT'25"E., 18O.OO feet; Thence S.55°52'35''E-, 171.?O feet to a point for corner; ~HENCE leaving the said centerline of Denton Creek, and the south line of the Pure ]ce and Cold Storage Co. tract, S.O~52'35''E', 1437.15 feet to a point for corner in a curve to the left running in a southwesterly direction and having a central angle of 13Olg'34'~ a radius of 2200.00 feet and a t~ngent bearing of S.75~26'53"W.; THEI4CE along said curve 511.6g feet to the end of said curve; IHENCE ~.27°52'41''W', 710.40 feet to a point for corner in a curve to the left running in a southwesterly direction and havin~ a central angle of 7°57'25'' a radius of 3342.11 fee~ and a tangent bearing of S.73°4g'Al''W'; THENCE along said curve 464.14 feet to the end of said curve; THENCE S.65°52'16''W', B85.24 feet to the beginning of a curve to the right having a central angle of 18°OD'54'' and a radius of 600.DO feet; ~NENCE along said curve 1BB.65 feet to the end of said curve, same being on the said east line of Denton ~ap Road; THENCE along the said east line of Denton Tap Road the following courses and distances N.2ooI,O2"E., 388.26 feet to the beeinnino of a curve to the left · - alono said ' OD" having a central angle of 2°53' and a radius of 57~9.?0 feet; Thence ~ curve 291.36 feet to the end of said curve; Thence N.O:SI'SB''W., 342.8B feet to the Point of Beginning and containing 53'.398'6~res of land.. PHASE 1]] BOUNDARY DESCRIPTION 'BEING a tract of land situated in the Alfred Logsdon Survey, Abstract No. 7B~ the Clarinda Squires Survey, Abstract No. 1327 and the Heirs of Gilbert C. ~oolsey Survey, Abstract No. 1042 in the City of Coppell, Dallas and Denton Counties, Texas, and also being part of a tract of land as described in deed from Goo'd Financial Corp. to ~q. Douglas Adkins, Trustee, as recorded in Volume 7618B, Page 2355 of the Deed Records of Dallas County, Texas and being more particularly described as follows: COIq~IENC]NG at a point of intersection of the east line of Denton Tap Road ( a variable width right-of-way) with the centerline of Denton Creek, said point also being the most southerly southwest corner of a tract of land as described by deed to Pure Ice and Cold Storage Co. and recorded in Volume 65694, Page 1496 of the Deed Records of Dallas County, Texas; Thence along the said centerline of Denton Creek and the said south line of the Pure ]ce and Cold Storaoe tract the following courses and distances; N.79°07'25''E', 147.77 feet; Thence N.~B:31'25''E-, 17i.67 feet; Thence ~;;4B°07'25''E-, 160.DO feet; Thence S.61°52'35"E;, 1Bi. DO feet; Thence S.85~52'35 E., 600.00 feet; Thence N.SB°07'25''£., 34D.00 fee~; Thence ~.77°07'~5''E,, 300.00 feet; Thence N.27°07'25"E., 380.00 feet; Thence N.72~07'25''E., 180.00 ~eet; Thence S.55¢52'35"E', 171.70 feet; Thence S.0~52'35''E-, 71.61 feet to the PO]I~T OF BEGINNING: THENCE continuing along the said centerline of Denton Creek and the said south line of the Pure Ice and Cold Storage Co. tract the following courses and distances; ~.85o51'39"E., 326.?4 feet; Thence N.?4°ll'Sg"E., l?5.0D feet; Thence ~.60°13'54''E., 255.3D fe~; Thence H.67°26'14''E', lB5.00 feet; Thence S.88°37'46,'E., 75.9D feet; Thence S.S1°49'll''E', 195.25 feet; Thence S.8g°55'41"E-, 112.55 feet; Thence N.?O~25,SA"E., 75.45 feet; Thence N.56°17'59''E,, 176.70 feet; Thence );.65°41'lg''E., 152.20 feet; Thence N.a3°43'2g''E., llS.3D feet; Thence N.23°37'24''E., 140.4D feet; ,,u .... ~o on feet; Thence N.20°2l'3g''E- 153.0D feet; Thence Thence N.41°a4'Ol ~ ....... ' S.6758'21"E., 50.74 feet to a point for corner; THE)4CE leaving the said centerline of Denton Creek and the said south line of the Pure Ice and Cold Storage Co.' tract, SDLFTH, 1552.34 feet to point for corner; THENCE S.87o44,42"W., 327.96 feet to a point for corner; ?HE)~CE SOb~H, 787.26 feet to a point for corner in a curve to the left running in a northwesterly direction and having a central angle of 28°24'05'' a radius of 19DO.OD feet and. a tangent bearing of N.61°40'53''W-,· THE)iCE alon~ said curve 941.83 feet to the end Of said curve, same being the beoinning of another curve to the left having a central angle of 14°28'Dg'' and a radius of 22DD.O0 feet; THENCE along said curve 555.58 feet to the end of said curve; IHENCE )(.0°52'35''W', 1365.54 feet to the Point of Beginning and containing 6D.186 acres of land. PROP. l~ --,, WA'rER PROP. THE PARKS OF SANDY LAKE COPPEEL ROAD SCHEMATIC MUNICIPAL SKETCH CENTER ,,COPPE LL OC'T O~'E R 198'~ TEXAS NO SC ;~ LE THE PARKS OF COPPELL [ST]F',~TFD CITY PARTICIPATION DEVELOP;'IERT COST -- PROPOSED MUNICIPAL CENTER A. 1TMES ADJACEI~T TO MUNICIPAL CEt~TER SITE 1. PAVING - PARKWAY BOULEVARD (22' F-F Concrete) 1,420 S.Y. 6" Cone. (~ S 15.00 -- 1,500 S.Y. - Lime Subgrade ~ 2.$D : 1,10D L.F. 6" Curbs ~ 2.00 Gradino- 600 C.Y. Fill ~ 2.50 IOTAL S21,300.00 3,750.00 2,200.00 2. SANITARY S~I,IER (EST]MATED lO" D]AMETER~ 555 L.F. - lO" Sewer Pipe ~ S - lO.O0 1 Ea. ~' Dia. Manhole ~ 1250.OD 40 C.Y. Rock EmbeOn~n~ ~ 20.00 L.S. ~isc. ~ 500.00 TOTAL CITY PART - 50% E,550.O0 1,250.00 800.00 500.00 ~,lO0.DO ~ 4,050.00 3. 16" WATEE LINE · JSS L.F. 16" Water ~ S 1B.OD 1 Ea. 16" Valve ~ 2200.00 0.2 Tons Fittings ~ 1800.00 L.S. ~isc. ~ 5OD.DO IOTAL CITY PART - 5Or'; 9,990.00 2,200.00 36~.00 500.00 S13,050.0~ S 6,525.00 STORM SEWER /ESTIMATED 36" D]AM£TER) 555 L.F. 36" R.C.P. ~ S '40.00 = '~ S22,200.00 1 Ea. - 10' Curb ]nle~ ~ 15OD.DO : i,SDD.OD 90 C.Y. - Sand Embedment ~ lO'.OD = 900.00 TOTAL S24,600.0~ C)TY PART - 50~ : Si2,3DD.O0 B. 16" WATER LINE - DENTO)'~ TAP ROAD 2,650 L.F'. 16" Water 3 Ea. 16" Valves 0.5 Tons - Fittings 1DO L.F. Bore, Case & Furnish 12" Water Pipe 1 Ea. - 12" Valve 200 C.Y. - Sand Embeoment 4 Ea. - 1 1/2" Blow-Df~ Assemblies TOTAL IE.OO : S47,700.00 2200.00 : 6,600.00 1603.00 : 9OC..OO 90.00 : 9,000.00 700.00 = 7OD.DO lO.DO : 2,000.00 B 250.D0 = 1,ODD.DO S67,900.00 C. CHARGES FOR MUN]C1PAL LrTILITY DISTRICT 10% of Eligible Construction Cost (£90,775) D. EIIG1NEER]NG COST 10% of Totel Construction Cost (Si19,525) = S9,000.00 = S12,D00.O0 SUH?,ARY OF EST]~',~T£D COST 1. PAV]NG (PARKWAY BLVD.) 2. SANITARY SEWER ( PARKWAY BLVD.) 3. 16" WATER LINE ( PARKWAY BLVD ) 4. STORM SEWER (PARKWAY BLVD. ) '5.'i6" WATER (DENTON TAP ROAD ) 6. M.U.D. CHARGES ?. ENGINEERING TOTAL S28,750oD0. 4,050.00 6,525.00 12,300.00 67,900.00 9,000.00 12,DO0.O0 S1~0,525.00 SPECIAL WARRANTY DEED STATE OF TEXAS ) ) KNOW ALL MEN BY THESE PRESENTS: COUNTY OF DALLAS ) THAT THE PARKS OF COPPELL JOINT VENTURE II (herein T_he "Grantor"), for and in consideration of ~,he sum of TEN A2~D NO/lO0 DOLI~ARS ($10.00) and other valuable consideration to ~he undersigned paid by THE CITY OF COPPELL, a municipal corporation and political subdivision of t_he State of Texas (herein the "Grantee"), T/ne receipt and sufficiency of which is hereby acknowledged, has GR3~NTED, SOLD and CONVEYED, and by these presents does GR3%NT, SELL and CONVEY unto the Grantee, whose address is P. O. Box 478, Coppell, Texas 75019, Attention: Andrew Brown, Mayor, all of that real property situated in Dallas County, Texas, described in Exhibit "A" attached hereto and made a part hereof together with any improvements thereon (herein the "Property")-. TO PIAVE ~ND TO HOLD-the Property, together with all and singular %he rights and appurtenances thereto in any%~ise belonging unto the Grantee, its successors and assigns forever, and Grantor does hereby bind itself and its successors and assigns to WARRANT AND FOREVER DEFEND all and singular the Property unto the Grantee, its successors._ and assigns, against every person whomsoever lawfully claimin9 or to claim the same or any part T_hereof, by, through and under Grantor but not otherwise. This conveyance is made and accepted subject to those matters set forth on Exhibit "B" attached hereto and made a part hereof for all purp°ses· and %o the restrictions set forth on Exhibit "C" attached hereto and ma'de a par% hereof for all purposes. By acceptance of this conveyance and as part of the consideration therefor, Grantee, its successors and assigns, do covenant and agree and shall be obligated and bound to abide by and comply with each and every provision of said restrictions, which are covenants running with %he Property. EXECUTED AND DELIVERED this __ day of December, 1982. THE PARKS OF COPPELL JOINT 'VENTURE By: Michael R. Allen, Joint Venturer By: Glen A. Hinckley, Joint Venturer By: John B. Kidd, Joint Venturer THE STATE OF TEXAS ) · ) COUNTY OF DALLAS ) This instrument was acknowledged before me on the__day of December, 1982, by MICHAEL R. ALLEN, a Joint Venturer of THE PARKS OF COPPELL JOINT VENTURE ~I, on behalf of said joint venture. ~ Notary Public My Commission Expires: THE STATE OF TEXAS ) ) COUNTY OF DALLAS ) This ins=rument was acknowledged before me on t_he __ day of December, 1982,.by GLEN A. HINCKLEY, a Joint Venturer of THE PARKS OF COPPELL JOINT VENTURE II, on behalf of said joint venture. Notary Public My Commission Expires: TP~ STATE OF TEXAS COUNTY OF DALLAS This instrument was acknowledged before me on the day of December, 1982, by JOHlq B. KIDD, a Join~ Venturer of THE PARKS OF COPPELL JOIN~lr~N~/R~ II, on behalf of said joint venture. Notary Public My Commission Expires: SPEC/AL WARR3d~TY DEED MI/N]CIPAL SITE EXHIBIT "A" PROPERTY DESCRIPTION FOR MUNICIPAL SITE MUNICIPAL SITE BOUNDARY DE SCRI PT ! ON BEING a tract of land situated in the S.A. & M.G.R.R. Survey, Abstract No. 1430 in the City of Coppell, Dallas County, Texas, and also being part of a tract of land as described in deed from Good Financial Corp. to M. Douglas Adkins, Trustee, as recorded in Volume 76188, Page 2355 of the Deed Records of Dallas County, Texas and being more particularly described as follows: COMMENCING at a point of intersection of the east line of Denton Tap Road ( a variable width right-of-way) with the centerline of Denton Creek, said point also being the most southerly southwest corner of a tract of land as described by deed to Pure Ice and Cold Storage Co. and recorded in Volbme 65694, Page 1496 of the Deed Records of Dallas Coudty, Texas; THENCE along the said east line of Denton Tap Road the following courses and distances: S.O°51'58"W-, 342.BB feet to the beginning of a curve to the right having a central angle of 2°53'00'' and a radius of 5789.7D feet; Thence along said curve 291.36 feet to the end of said curve; Thence S.2DOI'02''W., 551.9D feet; Thence S.7°43'40,'W., lOD.50 feet; Thence S.2°01'02''W., 248.40 feet to the beginning of a curve to the left having a central angle of 0o46'5D''' and a radius of 5679.7D feet; Thence along said curve 77.39 feet to end of said curve; Thence N.88°59'02"E., leaving said east line of Denton Tap Road, 408.48 feet to the POINT DF BEGINNING; THENCE N.88°59'02,'E., 241.26 feet to the beginni,g of a curve to the left having a central angle of 17°D6'D1'' and a radius of 1050.OD feet; THENCE along said curve, 313.38 feet to the end of said curve; THENCE S.I°OD'58''E., 671.41 feet to a point for corner; THENCE S.88°59'D2''W., 550.00 feet to a point for corner; THENCE N.I°OO'SB''W., 624.99 feet to the Point of Beginning-and cJntaining 348,480 square feet or 8.ODD acres of land. EXHIBIT "B" PERMITTED EXCEPTIONS FOR MUNICIPAL SITE 1. Easement in instrument dated November '4, 1938, filed December 12, 1938 and recorded in Volume 2109, page 463 Deed Records, Dallas County, Texas for electrical lines, etc. and right-of-way'rom J.W. Thwea=t and wife, Belle Thwea=% to T P & L Company. 2. Rights of ~he public and ~he State of Texas in and to the uninterrup%ed flow of the waters of T_he Cottonwood Branch and all other creeks and streams ~ransmersing the Property. EX~IBIT "C" RESTRICTIONS 1.' The Property shall be improved, occupied and used only for municipal purposes, including, but not limited to, t_he construction of a city hall, municipal center, public library and/or police station, but excluding specifically a fire station or jail. It is agreed and understood, however, that the foregoing restrictions are not, and shall not be deemed to be, a dedication of the Property to the public. 2. The restrictions set forth above (the "Restrictions") shall affect all of the Property, shall run with the Property, and shall exist and be binding upon Grantee and all persons claiming under Grantee for a period of fifty (50) years from the date of filing of this conveyance. The Restrictions are made solely for the benefit of Grantor and are not intended to create mutual or reciprocal servitudes upon adjoining land for the benefit of adjoining landowners. Grantor and Grantee, jointly but not severally, reserve. unto themselves the right, from time to time without-the joinder by any adjoining landowner, to revoke or amend the Restrictions by written instrument duly acknowledged and recorded in the Deed Records of Dallas County, Texas. Grantee, its successors and assigns, shall not apply for any zoning change for all or any part of the Property without first obtaining Grantor's written consent thereto. Grantor shall have the right to enforce the Restrictions by any proceeding at law or in equity including, but not limited to, the r~gh.t to enjoin any attempted or actual vfolation of the Restrictions. SPECIAL WARRANTY' DEED STATE OF TEXAS ) ) KNOW ALL MEN BY THESE PRESENTS: COUIN~Y OF DALLAS ) THAT THE PARKS OF COPPELL JOINT VENTURE I! (herein the "Grantor"), for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable consideration to the undersigned paid by TPIE CITY OF COPPELL, a municipal corporation and political sutbdivision of the State of Texas (herein the "Grantee"), the receipt and sufficiency of which is hereby acknowledged, has GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SELL and CONVEY unto the Grantee, whose address is P. O. Box 478, Coppell, Texas, 75019, Attention: Andrew Brown, Mayor, all of that real l~roperty situated in Dallas County, Texas, described in Exhibit "A" attached hereto and made a part hereof together with any improvements thereon (herein the "Property" ) · TO HAVE A/qD TO HOLD .the Property, together wi=h all a'nd singular the rights and appurtenances thereto in anywise belonging unto the Grantee, its successors and assigns forever, and Grantor does hereby bind itself and its successors and assigns to WAR~T AND FOREVER DEFEND all and singular the Property unto the Grantee, its successors and assigns, against every person whomsoever lawfully claiming or ~o claim the same or any part thereof, by, through and under Grantor but not otherwise. This conveyance is made and accepted subject to those matters set forth on Exhibit "B" attached hereto and made a part hereof for all purposes, and to the restrictions set forth on Exhibit "C" attached hereto and made a part. hereof, for all purposes. By acceptance of this conveyance and as part of the consideration therefor, Grantee, its successors and assigns, do covenant and agree and shall be obligated and bound to abide by and comply with each and every provision of said restrictions, which are covenants running with the Property. EXECUTED AND DELIVERED this day of December, 1982. THE PARKS OF COPPELL JOINT VENTURE II By: Michael R. Allen, Joint Venturer By: Glen A. Hinckley, Joint Venturer By: John B. Kidd, Joint Venturer THE STATE OF TEXAS ) ) CO'JNT~ OF DALLAS ) This instrument was acknowledged before me on the ~ day of December, 1982_, by MICHAEL R. ALLEN, a Joint Venturer of THE PARKS OF~ COPPELL JOINT VENTURE II, on behalf of said joint venture. Notary Public My Commissiox{ Expires: THE STATE OF TEXAS ) ) COUNTY OF DALLAS ) This instrument was acknowledged before me on the ~day of December, 1982,1bY GLEN A. HINCKLEY, a Joint Venturer of THE PARKS OF COPPELL JOINTVENTURE II, on behalf of said joint venture. My Commission Expires: Notary Public SPECIAL WARRANTY DEED PF, qSE I-A AND PF_ASE THE STATE OF TEXAS ) ) COUNTY OF DALLAS ) This instrument was acknowledged before me on the day of December, 1982, by JO}tN B. KIDD, a Join= Venturer of THE PARKS OF COPPELL JOINTV~NTURE II, on behalf of said join~ venture. Notary Public My Commission Expires: SPECIAL WARRANTY DEED PHASE I-A A~ PHASE EXHIBIT "A" ' ' PROPERTY DESCRIPTION FOR PHASE I - A AND PHASE ~ - B PHASE I - A BOUNDARY DESCRIPTION BE1NG a tract of land situated in the Clarinda Squires Survey, Abstract No. 1327 and the S.A. & M.G.R.R. Survey, Abstract No. 1430 in the City of Coppell, Dallas County, Texas and also being part of a tract of land as des- cribed in deed from Good Financial Corp. to ~4. Douglas Adkins, Trustee, as recorded in Volume 76188, Page 2355 of the Deed Records of Dallas County, Texas and being more particularly described as follows: COMMENCING at a point of intersection of the west line of Denton Tap Road (a variable width right-of-way) with the centerline of Denton Creek, said point also being the most southerly southeast corner of a tract of land as described by deed to Jack Lively recorded in Volume 426, Page 510 of the Deed Records of Dallas County, Texas; Thence with the said line of Denton Tap Road S.0O51'58"E., 49.64 feet to the PO]NT OF BEGINNING; THENCE continuing along said line of Denton Tap Road S.0°51'58"E., 292.18 feet to the beginning of a curve to the right having a central angle of 2°53'00'. and a radius of 5669.70 feet; Thence along said curve 285.32 feet.to the end of said curve; Thence S.0°37'34''W., 161.90 feet; Thence S.6~19'20"W-, 321.88 feet; Thence S.1°00'58"E-, 22.05 feet to a point for corner; THENCE S.67~24'35''W-, leaving the said west line of Denton Tap Road, 902.06 feet to a point for corner; THENCE N.l°ll'53''W-, 64.43 feet to a point for corner; THENCE N.35~29'46''W., 198.08 feet to a point for corner; THENCE N.4~43'22''W., 536.17 feet to a point for corner; THENCE N.57~00'34''E-, 1226.37 feet to the Point of Beginning and containing 21.250 acres of land. PHASE I - B BOUNDARY DESCRIPTION BEING a tract of land situated in the Clarinda Squires Survey, Abstract No. 1327 and the S.A. & M.G.R.R. Survey, Abstract No. 1430 in the City of Coppell, Dallas County, Texas and also being part of a tract of land as des- cribed in deed from Good Financial Corp. to M.Douglas Adkins, Trustee, as recorded in Volume 76188, Page 2355 of the Deed Records of Dallas County, Texas and being more particularly described as follows: BEGINNING at a point of intersection of the ~est line of Denton 7ap Road (a variable width right-of-way) with the centerline of Denton Creek, said point also being the most southerly southeast corner of a tract of land as described by deed to Jack Lively recorded in Volume 426, Page 510 of the Deed Records of Dallas County, Texas; THENCE along the said west line of Denton Tap Road S.0°51'58"E., 49.64 feet to a point for corner; THENCE S.57°00'34''W., leaving said line of Denton Tap Road, 1226.37 feet to a point for corner; THENCE N.41°lO'51''W., 115.77 feet to a point for corner; o , "W. THENCE N.3I lO 51 , 835.30 feet to a point for corner; THENCE N.58°49'09''E., 853.25 feet to a point for corner in said centerline of Denton Creek; THENCE with said centerline of Denton Creek the following courses and distances: S.37°11'23"E-~,339'?0 feet; Thence S.57°ll'23''E., 272.00 feet; Thence S.?l~ll'23"E., 340.00 feet; Thence N.B8~18'37''E-, 50.83 feet to the Point of Beginning and containing 21.250 acres of land. PERMITTED EXCEPTIONS FOR PHASE I-A AND PHASE ~-B' A. l~iEhts of the public and the State of Texas in and to the uninterrupted flow of the waters of the Cottonwood Branch and all other creeks and streams transmersin~ sub~ec~ property; ~er. ~cross and ~rou~h proper~y to ~ ~- sured. B. Easement in instru-,ent dated June 3, 1975 and recorded in Volu~e 75112, page 1372 De~-'~ecords, Dallas Coun~, Te~s for sewer line,' e~c from ~od C. ~sement i~ ~str~ent dated Novem~r i, 1938, filed December I2, 1~38 and recorded ~ Vo~e ~i09, pase 163 Deed ~ecords, Dallas County, Ta~s for electrical lines, etc smd right-of-way fr~ J. ~. ~wea~t and wife, Belle D. ~s~enl ~n ins~rumen~ da~ed June 2~, 1~, filed July 1~, 195~ and recorded ~n Volume t300, 'pa~e 3~8 Deed Records, Dallas County, Te~s for channel easemenl fro~ Floyd A. No~n to ~he County of Dallas. (~fec~s ~hase only) - ~semenl in ~nstrument dated Au~;st 15, 1978, filed ~ril 13, 1979 and corded in Volume 7907~, pase 99 Deed Records, Dallas County, Texas for u~lli~y easement fr~ B. Douslas ~ki~, ~stee to ~he City of Coppell. (~f~c~s ~ase I-B SPECIAL WARRANTY DEED THE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF DALLAS § THAT TH~ PARKS OF COPPELL JOINT VENTURE II (herein the "Grantor"), for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable consideration to T_he undersigned paid by THE CITY OF COPPELL, a municipal corporation and political sLLbdivision of the State of Texas (herein the "Grantee") the receipt and sufficiency of which is hereby acknowledged, has GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SELL and CONVEY unto the Grantee, whose address is P. O. Box 478, Coppe!l, Texas, 75019, Attention: A~ndrew Brown, Mayor, all of that real property situated in ~ Dallas County, Texas, described in Exhibit "A" attached hereto and made a part hereof together with any improvements thereon (herein the "Property"). TO HAVE'AND TO HOLD ~he Property, together with all and singular the rights and appurtenances thereto in any%'ise belonging unto the Grantee, its successors and assigns forever, and Grantor does hereby bind itself and its successors and assigns to WARRANT AbID FOREVER DEFEND all and singular t-he Property unto the Grantee, its successors and assigns, against every person whomsoever lawfully claiming or to claim =he samelor any part thereof, by, through and under Grantor but not otherwise. This conveyance is made and accepted subject %o T_hose matters se% forth on Exhibit "B" at=ached hereto and made a par~ hereof for all purposes, and %o the restrictions set 'forth on Exhibit "C" attached hereto and made a part hereof for all purposes. By acceptance of' this conveyance and as part of the consideration therefor, Grantee, its successors and assigns, do covenant and agree and shall be obligated and bound to abide by and comply wi~-h each and every provision of said restrictions, which are covenants r~nning wi~_h%he ProperUy. RESTRICTIONS 1. The Property shall be improved, occupied and used only as a public park primarily for use by residents of The City of Coppell. It is agreed and understood, however, ~hat the foregoing restrictions are not, and shall no~ be deemed to be, a dedication of the Proper~y to the pubi~c. 2. The restrictions set forth above (the "Restrictions") shall affect all of V_he Property, shall run with the Property, and shall exist and be binding upon Grantee and all Persons-claiming under Orantee for a period of fifty (50) years from T-he date of filin~ of this conveyance. The Restrictions are made solely for the benefit of Grantor and are not intended to create mutual or reciprocal servitudes upon adjoining land for the benefit of adjoining landowners. Grantor and Grantee, jointly but not severally, reserve unto themselves the right, from time to time without the joinder by any adjoining landowner, %o revoke or amend the Restrictions by written instrument duly acknowledged and recorded iht he Deed Records of Dallas County, Texas. Grantee, its successors and assigns, shall no~ apply for any zoning change for all or any part of the Proper~y withou~ firs~ obtaining Grantor's written consent thereto. Grantor shall have the right to enforce The Restrictions by any proceeding at law or in equity including, but not limited to, the right to enjoin any attempted or actual violation of T_he Restrictions. EXECUTED AND DELIVERED day of Decen~be~, 1982'. TPIE PA~S OF COPPELL JOINT VENTURE II By: Michael R. Allen, Joint Venturer By: Glen A. Hinckley, Joint Venturer By: John B. Kidd, Joint Venturer THE STATE OF TEXAS § § COLrNTY OF DALLAS § This instrumen~ was acknowledged before me on the __ day of December, 1982_, by MICHAEL R. ALLEN, a Joint Venturer of THE PARKS OF COPPELL JOINT VENTURE II, on behalf of said joint venture. My commission expires: No%mry Public TPLESTATE OF TEXAS § COLrNTY OF DALLAS § Thi~ instrumen% was acknowledged before me on the day of December, 1982, by GLEN A. HINCKLEY, a Joint Venturer of T~IE.~PA~$ OF COPPELL JOIN~VENTUR~ I~, on behalf of said join~ venture. Notary Public My cormmis$ion expires: SPECIAL WARR3~NTY DEED PHASE ~-C THE STATE OF TEXAS § COUNTY OF DALLAS § This instrumen~ was acknowledged before me on the day of December, 1982, by JOHN B. KIDD, a Join% Venturer of THE P-------~RKS OF COPPELL JOINTVE~rRE II, on behalf of said joint venture. Notary Public My commission expires: -. %,r.R.KAN__ DEED PHASE CmEC[AL .... EXHIBIT #B" PERMITTED EXCEPTIONS FOR PHASE I-C A. J~Lghts of the public and ~he $~a~e of Tex~s in and ~o the unin~errupted flo~ of ~he wa~ers of ~he ~on~ood ~rauch and all o~her cree~ and tra~Mrs~E subJec~ proper~y; ~er, across and through p=oper~y to be stored. (~ through yroper~y, could affec~ all ~rac~s of the proper~y to be insure) · ~. hs~n~ in ~s~r~en~ da~ed Norther ~, 1928, f~led Vec~ber 12, 1~38 and record~ in Volume 2109, page 463 ~ed ~ecords, Dallas County, Te~s for elect~ic~ li~es, etc and ~isht-of~ay fr~ J. ~. ~e~t ~nd ~fe, ~11e ~tt to.T ~ & L, Co~ny. C. ~semen~ ~n ~tr~e~ doted Au~S~ 15, 1978, f~led ~r~l 13, 1979 ~nd corded ~n Vol~e 7907t, ~oEe 99 Deed iecords, Dillas ~un~y, ~e~s for (~f~cts ~ase ~-~ only) EXHIBIT "A" PROPERTY DESCRIPTION FOR PHASE I - C PHASE BOUNDARY DESCR] PTI ON BEING a tract of land situated in the Clarinda Squires Survey, Abstract No. 1327 in the City of Coppell, Dallas County, Texas and also being part of a tract of land as described in deed from Good Financial C~rp. to M. Douglas Adkins, Trustee, as recorded in Volume 76188, Page 2355 of the Deed Records of Dallas County, Texas and being more particularly described as follows: COMMENCING at a point of intersection of the west line of Denton Tap Road (a variable width right-of-way) with the centerline of Denton Creek, said point also being the most southerly southeast corner of a tract of land as described by deed to Jack Lively recorded in Volume 426, Page 510 Of the Deed Records of Dallas County, Texas; Thence along said centerline of Denton Creek the following courses and distances; S.88°18'37"W., 50.83 feet; Thence N.Tl°ll'23"W., 340.00 feet; Thence N.57°11'23''W., 272.00 feet; Thence N.37°ll'23"W., 339.70 feet to the POINT OF BEGINNING; THENCE S.58°49'09"W., leaving said centerline of Denton Creek 853.25 feet to a point for corner; THENCE N.31°lO'51"W., 631.66 feet to a point for corner on the centerline of said Denton Creek; THENCE along the said centerline of Denton Creek the following courses and distances; S.89°39'23"E., 37.22 feet; Thence S.83°21'23"E., 211.75 feet; Thence N.83o42'37"E., 102.50 feet; Thence N.74°39'37"E., 91.OD feet; Thence N.43°OO'37"E., 196.74 feet;.Thence N.60°28'37"E., llD.O0 feet; Thence S.77°Dl'23"E., 136.0D feet; Thence S.5D°Ol'23"E., 170.00 feet; Thence S.37~11'23"E.,'210.30 feet to the Point of Beginning and containing 8.843 acres of land. P~STRICTION$ 2. The Property shall be improved, occupied and used only as a public park primarily for use by residents ofT he City of Coppell. It is agreed and understood, however, ~.hst ~he foregoing restrictions are not, and shall not be deemed to be, a dedication of the Proper=y to the public. 2. The restrictions set forth above (~Lhe "Restrictions") shall affect all of the Property, shall run w/th the Property, and shall exist and be binding upon Grantee and all persons claiming under Grantee for a period of fifty (50) years fromthe date of filing of this conveyance. The Restrictions are made solely.for the benefit oF Grantor and are not intended to create mu=ual or reciprocal servitudes upon adjoining land for the benefit of adjoining landowners. Grantor and Grantee, join=ly bu~ not severally, reserve un~o ~hemselves the r~ght, from time to time without the joinder by any adjoining landowner, =o revoke or amend ~_he Restrictions by written instrument duly acknowledged and recorded ~n~_he Deed Records of Dallas County, Texas. Grantee, its successors and assigns, shall not apply for any zoning change for all or any par~ of ~he ProperTy withou% f~rs= ob=aining Orantor's written consent thereto. Grantor shall have the right %o enforce =he Restrictions by any proceeding a~ law or in e_cuity including, bu~ not limited ~o, T_be righ% ~o enjoin any a~tempted or ac=ual violation of =he Restrictions. EXI-iiB I T "C"