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Hager Contain/FP-CS 881227TO: CITY OF COPPELL 255 PARKWAY BLVD. P. O. BOX 478 COPPELL, TEXAS 75019 (214) 462-0022 FILE COPy DATE: ~ PROJECT I ATTEI~ION: OO oT WE ARE SENDING YOU ~ Attached [ ] Mark Up Plans [ ] Copy of Minutes [ ] Change order ] Under Separate Cover via [ ] Plans [ ] Copy of Letter the following items: [ ] Prints [ ] Specifications COPIES DATE NO. DESCRIPTION THESE ARE TRANSMITTED as checked below: ~] For Your %%~e~)L~ [ ] As Requested [ ] For Review & Comment [ ] Returned for Corrections REMARKS: [ ] Resubmit Copies for Approval [ ] Return Corrected Prints /;wr c O /S ,d C, owb/ [ ] Approved as Noted [ ] Approved as Submitted [ ] Note & Reply To: [ ] Note & Forward To: [ ] Submit Copies for Distribution [ ] Return Markup Plans with Corrections SIGNED: " · 'STC STATE OF TEXAS COUNTY OF DALLAS ~UILDING SETBACK RESTRICTION This restriction is executed on the '~ day of 1988 by Connell Development Company (Connell), Owner. RECITALS 1. Connell is the owner of 19.999 acres of real property located in Dallas, County, Texas which is described by metes and bounds on Exhibit "A", which property is encumbered as follows: (i) Vendor's Lien retained in Deed, recorded in Volume 83219, page 2674, of the Deed Records of Dallas County, Texas, and Deed of Trust Lien recorded in Volume 83219, page 2679, of the Deed of Trust Records of Dallas County, Texas, securing a promissory note in the original principal amount of One Million Four Hundred Thousand Dollars ($1,400,000) dated November 2, 1983, executed by Connell Development Company payable to the order of Executive Systems, Inc., said note and lien collaterally assigned to Texas Commerce Bank--San Angelo, N.A., by instrument dated December 21, 1987, recorded in Volume 88007, page 1612, Deed Records of Dallas County, Texas. (ii) Deed of Trust, Security Agreement, and assignment of rents recorded in Volume 83219, page 2687, Deed of Trust Records, Dallas County, Texas, securing promissory note in the original principal amount of Five Hundred Thousand Dollars ($500,000) payable to Mercantile National Bank of Dallas (now MBank Dallas, N.A.) 2. Connell has this date conveyed approximately two hundred three thousand and ten square feet (203,010) of said property to Hager Containers, Inc. (Hager) which is described by metes and bounds on Exhibit "B". BUILDING SETBACK RESTRICTION - (hager.res) - Page 1. Connell desires to impose a thirty six foot (36') building setback restriction along the southernmost boundary of the property retained. WITNESSETH ao Connell covenants and agrees with Hager that no building may be built within thirty six feet (36') of the southern boundary of the property retained by Connell. Said thirty six foot (36') area is more particularly described by metes and bounds on Exhibit C. Connell further covenants and agrees that with respect to any development on the Connell property, no portion of the thirty-six foot (36') area shall be considered in calculating the building setback requirements for the Connell property. This restriction is perpetual and shall run with the land and inure to the benefit of Nager, it's successors and/or assigns as the subsequent owner of the property described on Exhibit "B" and shall bind Connell, it's successors and assigns. Co Enforcement of this restriction shall be by any proceeding at law or in equity by Hager, it's successors and/or assigns and the City of Coppell. The prevailing party in any action to enforce this restriction shall be entitled to recover reasonable attorneys fees. BUILDING SETBACK RESTRICTION - (hager.res) - Page 2. Connell Development Company Mark Connell, Chief Exec. Officer STATE OF TEXAS COUNTY OF DALLAS BEFORE me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Mark Connell, Chief Executive Officer of Connell Development Company, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said Connell Development Company, a corporation, for the purposes and consideration therein expressed and in the capacity therein stated. Given under my hand and seal of office, this ~o/~t~ day of 0~~ 1988. my commission expires: Notary's Printed Name Consent and Subordination of Lienholder The undersigned, legal Owner of one certain promissory note secured by a deed of trust as described in the foregoing Building Setback Restriction on the property affected by this restriction, hereby consents to the restriction created herein and agrees that notwithstanding any foreclosure, sale or deed in lieu of foreclosure under or with respect to the undersigned's lien, the provisions of this setback restriction shall remain in full force and effect and said lien shall be and is hereby subordinated to said setback restriction and shall remain BUILDING SETBACK RESTRICTION - (hager.res) - Page 3. inferior to same as if the setback restriction had been executed, delivered, and recorded prior to the execution, delivery, and recordation of the deed of trust in favor of the undersigned. EXECUTIVE SYSTEMS, INC. By. MICHAEL HORN Title: President State of Texas County of Dallas Before me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Michael Horn, President of Executive Systems, Inc., known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said Executive Systems, Inc., a corporation, for the purposes and consideration therein expressed and in the capacity therein stated. Given under my hand and seal of office, this day of my commission expires: Notary's Printed Name Consent to Subordination The undersigned, holder by collateral transfer of the note and liens of Executive Systems, Inc., hereby consents to the subordination of said liens by Executive Systems, Inc., as set forth in this Building Setback Restriction and agrees to be bound by said subordination in all respects. BUILDING SETBACK RESTRICTION - (hager.res) - Page 4. TEXAS COMMERCE BANK-- SAN ANGELO, N. A. By: John R. Owens Title: Executive Vice President State of Texas County of Tom Green Before me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared John R. Owens , Executive Vice President of Texas Commerce Bank--San Angelo, N.A, acknowledged to me that he had executed the foregoing as the act of said Bank for the purposes and consideration expressed therein and in the capacity therein stated. Given under my hand and seal of office, this October 1988. 19th day of my commission expires: 5-10-90 Notary Public in and for the State of Texas Bonnie Grounds Notary's Printed Name BUILDING SETBACK RESTRICTION - (hager.res) - Page 5. Consent to Subordination The undersigned, holder by collateral transfer of the note and liens of Executive Systems, Inc., hereby consents to the subordination of said liens by Executive Systems, Inc., as set forth in this Building Setback Restriction and agrees to be bound by said subordination in all respects. MBANK DALLAS, N.A. State of Texas County of Dallas Before me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared .... . ~:'^~?:~'-~ VI~- (£-~'~1i>~:~?~ ¥~l.:~,~ i! ~:-~.~ ............ , ~ of MBank D~llas, N.A., acknowledged to me that he had executed the foregoing as the act of said Bank for the purposes and consideration expressed therein and in the capacity therein stated. Given under my hand and seal of office, this ,i,:(',~i~-:" 1988. day of my commission expires: Notary Public an and for the State of Texas Notary' s Printed Name BUILDING SETBACK RESTRICTION - (hager.res) - Page 6. BOUNDARY DESCRIPTION BEING a tract o£ land situated in the Jesse Hoore Survey, Abstract No the City of Coppell, Dallas Count of /and as descr'hoa ~_ . . Y, Texas and also be'- ....... · 968 in 2674 of th~ ~a ~u ~n ae~a to Connell Develo m x,.~ ~r~ o~ ~ 20 acre tract 6 v,= particularly described CO~IENCING at a 1" iron pin at · ' ~oad {Th~eatt Road) ra ~n ~ .... ~he ~ntersect~on of the sou · . . .i h~ae 2~ r. ~.~ .~ ~ ~uo~ r~ght-ot-~av~ ~.~ .~_ __ th l~ne of Sandy Lake or a 50.508 ac~ * ..... o - ~j, saxa ~oint a~-- ~ ..... Y of State Venture No ? :~..~cc_o! land as described~in d.~°~.~=In~ th? northwest corner · ~, volume 85013, Page 4156 of ,k. ~__~ c~ oaKer § Associates Joint Thence EAST, 941 84 feet along the south line of Sandy Lake Road to a point for · ~..~ uccu ~ecoras o£ Dallas County, Texas; corner; Thence South Oell~O0. East, 993.06 feet leaving the said south line of Sandy Lake Road and along a mutual Boundary Line Agreement as recorded in Volume 85013, Page 4129; Thence North 89°49~00. East, S0.00 feet to the POINT OF BEGINNING, an iron pin for corner; TIIENCE North 89°49~00. East, 606.12 feet to an iron pin for corner; THENCE South 0°11~00. East, 336.65 feet to an iron pin for corner; TllENCE South 89°58~20. ~est, 606.i2 feet to an iron pin for corner; TUENCE North 0°11~00, ~est, 335.00 feet to the POINT' OF BEGINNING and containing 4.673 acres (205,548 square feet) of land.' SETHACK DESCRIPTION BEING a tract of land situated in the Jessie Moore Survey, Abstract No. 968, in the City of Coppell, Dallas County, Texas and also being part of a tract of land as described in the deed to Connell Development Company as recorded in Volume 83219, Page 2674 of the Deed Records of Dallas County, Texas and being more particularly described as follows: COMHENCING at an iron pin being the southeast corner of the platted Royal Lane Extension dedication es recorded in Volume 88118, Page,877 of the Plat Records of Dallas County, Texas~ Thence North 00ell'00" 'West along the eastern right-of-way of Royal Imne (& 100 foot right-of-way) I distance, of 335 feet to the POINT OF BEGINNZNG! THENCE. North O0°ll'00' West, along said right-of-way, a distance of 36 feet to a point for a corner! THENCE North 89049'00` East, departing said right-of-way, a distance of 606.12 feet to a point for a corner, said point being in the west line of · tract of land as described in the deed to H.T. Ardlnger, Jr., as recorded tn Volume )1087, Page 0323 of the Deed Records of Dallal County, Texalr THENCE South 00ell'00- East, along the welt line of said Ardinger Tract a distance of 36.00 feet to the point for corner~ THENCE South 89049'00' West, a distance of 606.12 feet to the POINT OF BEGINNING. Suddy a. Ro~e~ts Registered ~ublAc Surveyor No. 3510 "; ~ CONNELL DEVELOPMENT CO. 0 ·  V. 83219 P. 2674 w :; W Z .j' -.I. >- 0 13:: I~ 00'1 I' 00" W 36,00t N 89' 49' 00" E S 89'49' 00" W ~ POINT OF BEGINNING ~N O0° I Ie 00" W 335.00' / F.I.R./ $ 00'1 I' 00" E 36.00' 606. I 2' 606. I ~----'/ 36~ ,~ETBACK POINT OF COMMENCING RECORD AND RETURN TO: Mr. Mark W. Connell Connell Development Co. 10939 Shady Trail, Suite B P. O. Box 541057 Dallas, Texas 75354-1057