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R-09-08-13-14A - 8/13/2009RESOLUTION NO. R -09-08-13-14A WHEREAS, the City desires to purchase a 0.392 acre tract of land in fee simple for additional right-of-way and a 0.040 acre public utility easement interest for the North Mays Expansion Project, WHEREAS, KBS Industrial Portfolio, LLC, the owner of the property, has agreed to sell said property interests to the City, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Real Estate Contract with KBS Industrial Portfolio, LLC, for the purchase of the above described property, a copy of said Real Estate Contract being attached hereto as Exhibit "A" and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 13th day of August, 2009. ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: etukt SARA L. WHITE, City Secretary O:\wdox\SCClnts\0112\0905\MUNICIPAL\R90813A.DOC/rmc N. Mays—parcel 3 REAL ESTATE CONTRACT North Mays Improvement Project State of Texas County of Williamson THIS REAL ESTATE CONTRACT ("Contract") is made by and between KBS INDUSTRIAL PORTFOLIO, LLC, a Delaware limited liability company, (referred to in this Contract as "Seller", whether one or more) and the CITY OF ROUND ROCK, TEXAS (referred to in this Contract as "Purchaser"), upon the terms and conditions set forth in this Contract. ARTICLE I PURCHASE AND SALE By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, the tract(s) of land described as follows ("Property"): All of that certain 0.392 acre tract of land, more or less, situated in the David Curry Survey, Abstract No. 130, in Williamson County, Texas; being more fully described by metes and bounds or shown in Exhibit "A", attached hereto and incorporated herein (Parcel 3); and Public Utility Easement interest in and to all of that certain 0.040 acre tract of land, more or less, situated in the David Curry Survey, Abstract No. 130, in Williamson County, Texas; being more fully described by metes and bounds or shown in Exhibit "B", attached hereto and incorporated herein (Parcel 3E). This purchase also includes any improvements and fixtures situated on and attached to the Property shown in Exhibit "A" which are not removed by Seller, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE AND ADDITIONAL COMPENSATION Amount of Purchase Price 2.01. The purchase price for the Property and any improvements situated thereon shall be the sum of TWO HUNDRED TWENTY THOUSAND and 00/100 Dollars ($220,000.00). Payment of Purchase Price 2.03. The Purchase Price and shall be payable in cash at the closing. O:\wdox\SCClnts\90199\7043\CONTRACT\00167252. DOC Special Provisions 2.04. As an obligation and agreement which shall survive the closing of this transaction, it is agreed between the parties that the replacement construction of Seller's existing driveway as part of the North Mays road widening project shall be terminated at the edge of the Property as show on Exhibit "C" attached hereto and incorporated herein. The parties agree that a portion of the compensation paid herein is specifically intended to compensate Seller for the connection of its driveway from the edge of Property purchased herein to the remaining property of Seller. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transactions contemplated hereby are subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the closing.): Preliminary Title Commitment 3.02. Purchaser, at Purchaser's sole cost and expense, has caused the Texas American Title Company, ("Title Company") to issue a preliminary title report (the "Title Commitment") accompanied by copies of all recorded documents relating to easements, rights-of-way, etc., affecting the Property. In the event that title to the property is not satisfactory to Purchaser, after notice of such unsatisfactory condition Seller shall provide Purchaser with any assistance reasonably requested as necessary to eliminate or modify such matters. Survey 3.03. Purchaser, at Purchaser's expense, has caused to be delivered a current plat of survey of the Property, prepared by a duly licensed Texas land surveyor. Miscellaneous Conditions 3.04. Seller shall have performed, observed, and complied with all of the covenants, agreements, and conditions required by this Contract to be performed, observed, and complied with by Seller prior to or as of the closing. 2 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLER Seller hereby represents and warrants to Purchaser as follows, which representations and warranties shall be deemed made by Seller to Purchaser also as of the closing date, to the best of Seller's knowledge: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers, other than as previously disclosed; (2) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions relating to the Property, or any part thereof; The Property herein is being conveyed to Purchaser under threat of condemnation. ARTICLE V CLOSING Closing Date 5.01. The closing shall be held at the Title Company on or before September 7, 2009, or at such time, date, and place as Seller and Purchaser may agree upon, or within 10 days after the completion of any title curative matters if necessary for items as shown on the Title Commitment (which date is herein referred to as the "closing date"). Seller's Obligations at Closing 5.02. At the closing Seller shall: (1) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and marketable title to all of the Property as shown in Exhibit "A", and a duly executed Public Utility Easement in and to all of the Property shown in Exhibit "B", free and clear of any and all liens and encumbrances, except for the following: (a) General real estate taxes for the year of closing and subsequent years not yet due and payable; (b) Any exceptions approved by Purchaser pursuant to Article III hereof; and (c) Any exceptions approved by Purchaser in writing. 3 (2) If requested, deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's drainage easement interest to the Property subject only to those title exceptions listed herein, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy, provided, however: (a) The boundary and survey exceptions shall be deleted; (b) The exception as to restrictive covenants shall be endorsed "None of Record" if applicable; and (c) The exception as to the lien for taxes shall be limited to the year of closing and shall be endorsed "Not Yet Due and Payable." (3) Deliver to Purchaser possession of the Property if not previously done. Purchaser's Obligations at Closing 5.03. At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 5.04. If required, general real estate taxes for the then current year relating to the Property shall be prorated as of the closing date and shall be adjusted in cash at the closing. If the closing 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 next preceding year applied to the latest assessed valuation. All special taxes or assessments to the closing date shall be paid by Seller. Agricultural roll -back taxes, if any, shall be paid by Purchaser. Closing Costs 5.05. All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: (1) Owner's Title Policy and survey to be paid by Purchaser. (2) Deed, tax certificates, and title curative matters, if any, paid by Purchaser. (3) All other closing costs shall be paid by Purchaser. (4) Attorney's fees paid by each respectively. 4 ARTICLE VI ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to Title Company the sum of Five Hundred Dollars ($500.00), the Escrow Deposit, which shall be paid by the title company to Seller in the event Purchaser breaches this Contract as provided herein. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the cash portion of the purchase price, provided, however, that in the event the Purchaser shall have given written notice to the title company that one or more of the conditions to its obligations set forth in Article III have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article III, then the Escrow Deposit shall be forthwith returned by the title company to Purchaser. ARTICLE VII BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except Purchaser's default, Purchaser may: (1) enforce specific performance of this Contract; or (2) request that the Escrow Deposit shall be forthwith returned by the title company to Purchaser. ARTICLE VIII BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser's obligations set forth in Article III having been satisfied and Purchaser being in default and Seller not being in default hereunder, Seller shall have the right to receive the Escrow Deposit from the title company, the sum being agreed on as liquidated damages for the failure of Purchaser to perform the duties, liabilities, and obligations imposed upon it by the terms and provisions of this Contract, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy hereunder in such event. ARTICLE IX MISCELLANEOUS Notice 9.01. Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to Seller or Purchaser, as the case may be, at the address set forth opposite the signature of the party. 5 Texas Law to Apply 9.02. This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Williamson County, Texas. Parties Bound 9.03. This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Contract. Legal Construction 9.04. In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, this invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. Prior Agreements Superseded 9.05. This Contract constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter. Time of Essence 9.06. Time is of the essence in this Contract. Gender 9.07. Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. Memorandum of Contract 9.08. Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. 6 Compliance 9.09 In accordance with the requirements of Section 20 of the Texas Real Estate License Act, Purchaser is hereby advised that it should be furnished with or obtain a policy of title insurance or Purchaser should have the abstract covering the Property examined by an attorney of Purchaser's own selection. Possession and Use Agreement 9.10 Seller agrees to allow Purchaser to use and possess the Property for the purpose of relocating utilities and constructing or improving a public road and related facilities, upon full execution of this contract. Purchaser agrees to execute a separate Possession and Use Agreement document suitable for recording if requested by Purchaser. Effective Date 9.11 This Contract shall be effective as of the date it is approved by the City of Round Rock, which date is indicated beneath the City's signature below. [signature page follows] 7 SELLER: KBS INDUSTRIAL PORTFOLIO, LLC, a Delaware limited liability company By: Address: Its: Date: PURCHASER: CITY OF ROUND ROCK By: Alan McGraw Mayor 221 E. MAIN STREET ROUND ROCK, TEXAS 78664 Date: 8 PROJECT: NORTH MAYS STREET PARCEL: 3 REVISED COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK EXHIBIT PROPERTY DESCRIPTION DESCRIPTION OF A 0.392 ACRE (17,062 SQUARE FOOT), TRACT OF LAND SITUATED IN THE DAVID CURRY SURVEY, ABSTRACT NO. 130, IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 1, BLOCK "C", REPLAT OF LOT 1 B, AMENDING PLAT OF THE REPLAT OF BLOCK "C", CRYSTAL PARK, ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET W, SLIDES 75-76 OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BEING A PORTION OF THAT SAME TRACT OF LAND CONVEYED TO KBS INDUSTRIAL PORTFOLIO, LLC, BY INSTRUMENT RECORDED IN DOCUMENT NO. 2007066956 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 0.392 ACRE (17,063 SQUARE FOOT) TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: Page 1 of 5 BEGINNING FOR REFERENCE at a found 1/2" iron rod at the beginning of a curve to the left in the westerly boundary line of said Lot 1, same being the existing easterly right-of-way line of Greenhill Drive (60 foot right-of-way width), as dedicated by the plat of Crystal Park subdivision, recorded in Cabinet I, Slides 146-149 of the Plat Records of Williamson County, Texas, being 108.70 feet left of proposed North Mays Street baseline station 106+60.47; THENCE, with the westerly boundary line of said Lot 1 and said existing easterly right-of-way line of Greenhill Drive, along said curve to the left, having a delta angle of 18°41'14", a radius of 370.00 feet, an arc length of 120.68 feet, and a chord which bears S 55°54'17" W for a distance of 120.14 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 45.00 feet left of proposed North Mays Street baseline station 107+62.34, being the most northerly corner and POINT OF BEGINNING of the herein described tract; THENCE, departing said existing easterly right-of-way line of Greenhill Drive, through the interior of said Lot 1, with in part, the proposed easterly right-of-way line of the North Mays Street, and in part, the proposed northerly right-of-way line of Old Settlers Boulevard, the following seven (7) courses: 1) S 23°53'13" W for a distance of 476.02 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 45.00 feet left of proposed North Mays Street baseline station 112+38.36; 2) S 64°11'08" E fora distance of 7.95 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 52.95 feet left of proposed North Mays Street baseline station 112+38.83; PROJECT: NORTH MAYS STREET PARCEL: 3 REVISED COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK 3) S 23°05'27" W for a distance of 34.89 feet to a set cap stamped C.O.R.R., 53.43 feet left of proposed station 112+73.52; 4) S 66°20'59" E for a distance of 36.91 feet to a set cap stamped C.O.R.R., 90.35 feet left of proposed station 112+73.37; 5) S 22°37'31" W for a distance of 17.25 feet to a set cap stamped C.O.R.R., 99.81 feet left of proposed station 112+90.52; 6) S 66°39'23" E for a distance of 163.80 feet to a set cap stamped C.O.R.R., 254.52 feet left of proposed station 112+89.05; Page 2of5 1/2" iron rod with aluminum North Mays Street baseline 1/2" iron rod with aluminum North Mays Street baseline 1/2" iron rod with aluminum North Mays Street baseline 1/2" iron rod with aluminum North Mays Street baseline 7) S 65°04'59" E for a distance of 139.01 feet to a 1/2" iron rod found to be replaced with a set 1/2" iron rod with aluminum cap stamped C.O.R.R. in the existing curving northerly right-of-way line of Old Settlers Boulevard (120 foot right-of-way width), as dedicated by said plat of Crystal Park subdivision, same being the southeast corner of said Lot 1 and the southwest corner of Lot 2 of said subdivision, 393.51 feet left of proposed North Mays Street baseline station 112+91.56, being the most easterly corner of the herein described tract; THENCE, with in part, the southerly boundary line of said Lot 1, same being said existing northerly right-of-way line of Old settlers Boulevard, and in part, the westerly boundary line of said Lot 1, same being the said existing easterly right-of-way line of Greenhill Drive, the following five (5) courses: 8) Along a curve to the right, having a delta angle 05°29'51", a radius of 1240.00 feet, an arc length of 118.98 feet, and a chord which bears N 69°23'36' W for a distance of 118.93 feet to a calculated point; 9) N 66°38'41" W for a distance of 229.57 feet to a calculated point at the beginning of a curve to the right, being the most southerly southwest corner of said Lot 1 and being the most southerly southwest corner of the herein described tract, from which a found TxDOT Type II monument bears S 51°40'05" W, a distance of 0.18 feet; 10) Along said curve to the right, having a delta angle of 90°20'23", a radius of 25.00 feet, an arc length of 39.42 feet, and a chord which bears N 21°27'29" W for a distance of 35.46 feet to a calculated point, being the most westerly southwest corner of said Lot 1 and the most westerly southwest corner of the herein described tract, from which a found 1/2" iron rod bears S 55°48'50" W, a distance of 0.22 feet; PROJECT: NORTH MAYS STREET PARCEL: 3 REVISED COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK Page 3 of 5 9) N 23°19'50" E for a distance of 367.23 feet to a calculated point at the beginning of a curve to the right, from which a found 1/2" iron rod with plastic cap bears S 54°36'32" W, a distance of 0.14 feet; 10) Along said curve to the right, having a delta angle of 23°11'53", a radius of 370.00 feet, an arc length of 149.81 feet, and a chord which bears N 34°57'43" E for a distance of 148.78 feet to the POINT OF BEGINNING, containing 0.392 acres (17,062 square feet) of land, more or less. All bearings recited herein are based on the Texas State Plane Coordinate System, Central Zone No. 4203, NAD 83. This property description is accompanied by a separate plat. That I, M. Stephen Truesdale, a Registered Professional Land Surveyor, do hereby certify that the above description is true and correct to the best of my knowledge and belief and that the property described herein was determined by a survey made on the ground under my direction and supervision. WITNESS MY HAND AND SEAL at Round Rock, Williamson County, Texas. 1 <W11 �r M. Step''ien Tru'esdale Registered Professional Land Surveyor No. 4933 Licensed State Land Surveyor Inland Geodetics, L.P. 1504 Chisholm Trail Road Suite 103 Round Rock, TX 78681 512-238-1200 if 4 Date co � o�Q \ Q � G�o Q_ cl Q. 1 P.O.R. PARCEL 3 STA. 106+60.47 108.70' LT P.O.B. PARCEL 3 STA. 107+62.34 45.00' LT N s 25 0 50 100 SCALE I"=100' 001 ,o 0 . h • co 0.392 AC. 17.062 SO. FT. LOT I (6.221 AC.) BLOCK "C" KBS INDUSTRIAL PORTFOLIO, LLC DOC. NO. 2007066956 0. P. R. W.C. T. o AMENDING PLAT OF THE REPLAT Q. OF BLOCK "C" CRYSTAL PARK Q. STA, 112+38.36 CAB. W, SLD. 75.76 45..00' LT P. R.W.C. T. ,1 'STA. 112+38.83 •:52.95' LT STA. 112+73.52 53.43 LT STA. 112+73.37 90.35 LT 4 STA. 112+90.52 99.8r LT 8 so REPLAT OF LOT IB / SEE DETAIL \ 0� °24 2T , %..�.yi1, O SFTrC 2e9 sT) (/0FRRS e 0i/4.et./gRO / e92 STA. 112+89.05 . 254.52' LT Se. 13 SgF c (cz? \-STA.112.91.56 393.51' LT LOT 2 (11.105 AC.) PAGE 4 OF 5 INLAND GEODETICS tE PROFESSIONAL LAND SURVEYORS -.4 1 504 CHISHOLM TRAIL RD. STE. 103 ROUND ROCK, TX. 78681 PH. (512) 238-1200, FAX (512) 238-1251 RIGHT OF WAY SKETCH PARCEL 3 REVISED LEGEND • 1/2" IRON ROD FOUND O 1/2 " IRON ROD SET W/ ALUMINUM CAP STAMPED CORR O TXDOT TYPE I I CONCRETE MONUMENT W/ BRASS DISK FOUND O IRON ROD FOUND TO BE REPLACED W/ 1/2 " IRON ROD SET W/ ALUMINUM CAP STAMPED CORR O. IRON ROD W/PLASTIC CAP FOUND • CALCULATED POINT t PROPERTY LINE PROPOSED EASEMENT ( ) RECORD INFORMATION POINT OF REFERENCE POINT OF BEGINNING OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY, TEXAS OFFICIAL RECORDS WILLIAMSON COUNTY, TEXAS PLAT RECORDS WILLIAMSON COUNTY, TEXAS P.O.R. P.O.B. 0.P.R.W.C.T. 0 R.W.C.T. P. R. W. C.T. NO. BEARING DISTANCE LI S 64°11'08" E 7.95' L2 S 23°05'27" W 34.89' L3 S 66°20'59" E 36.91' L4 S 22°37'31" W 17.25' S 55°48'50" w .22' S 51°40'05' w 0.18' ,4 ek, / STING DETAIL "B" DETAIL "A" NUMBER DELTA ANGLE RADIUS ARC LENGTH CHORD LENGTH CHORD DIRECTION CI 18°41'14" 370.00' 120.68' 120.14' S 55°54'17" W C2 05°29'51" 1240.00' 118.98' 118.93' N 69°23'36" W (C2) (05°29'510) (1240.00') (118.98') (118.93') (N 67°09'22" W) C3 90020'23" 25.00' 39.42' 35.46' N 21027'29" W (C3) (90°20'23") (25.00') (39.42') (35.46') (N 19°13'15" W) C4 23°11'53" 370.00' 149.81' 148.78' N 34057'43" E (C5) (41°53'07") (370.00') (270.48') (264.50') (N 46°32'34" E) NOTES: ALL BEARINGS ARE BASED ON GRID BEARINGS. DISTANCES ARE SURFACE DISTANCES. COORDINATES ARE SURFACE VALUES BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM, NAD 83, CENTRAL ZONE, USING A COMBINED SURFACE ADJUSTMENT FACTOR OF 1.00012. THIS SURVEY WAS PERFORMED WITHOUT THE BENEFIT OF A TITLE REPORT. THERE MAY BE EASEMENTS OR OTHER INSTRUMENTS PERTAINING TO THIS PROPERTY THAT ARE NOT SHOWN HEREON. I HEREBY CERTIFY THAT THIS SURVEY WAS MADE ON THE GROUND UNDER MY DIRECTION AND SUPERVISION AND THAT THIS PLAT IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDG D BELIEF. ra- . OF °essau �ry M. STEPHEN T1UESDALE !f REGISTERED PROFESSIONAL LAND SURVEYOR NO. 4933 LICENSED STATE LAND SURVEYOR (("/ PAGE 5 OF 5 INLAND } G EO D ET I CS PROFESSIONAL LAND SURVEYORS 1 504 CHISHOLM TRAIL RD. STE. 103 ROUND ROCK, TX. 78681 PH. (512) 238-1200, FAX (512) 238-1251 RIGHT OF WAY SKETCH PARCEL 3 REVISED 1 PROJECT: NORTH MAYS STREET PARCEL: 3-E COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK EXHIBIT PROPERTY DESCRIPTION DESCRIPTION OF A 0.040 ACRE (1,726 SQUARE FOOT), TRACT OF LAND SITUATED IN THE DAVID CURRY SURVEY, ABSTRACT NO. 130, IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 1, BLOCK "C", REPLAT OF LOT 1B, AMENDING PLAT OF THE REPLAT OF BLOCK "C", CRYSTAL PARK, ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET W, SLIDES 75-76 OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BEING A PORTION OF THAT SAME TRACT OF LAND CONVEYED TO KBS INDUSTRIAL PORTFOLIO, LLC, BY INSTRUMENT RECORDED IN DOCUMENT NO. 2007066956 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 0.040 ACRE (1,726 SQUARE FOOT) TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: Page 1 of 4 BEGINNING FOR REFERENCE at a iron rod found to be replaced with a set 1/2" iron rod with aluminum cap stamped C.O.R.R. in the existing curving northerly right- of-way line of Old Settlers Boulevard (120 foot right-of-way width), as dedicated by said plat of Crystal Park subdivision, same being the southeast corner of said Lot 1 and the southwest corner of Lot 2 of said subdivision, 393.51 feet left of proposed North Mays Street baseline station 112+91.56, being the most easterly corner of the herein described tract; THENCE, through the interior of said Lot 1, with the proposed right-of-way line of Old Settlers Boulevard, N 65°04'59" W for a distance of 139.01 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 254.52 feet left of proposed North Mays Street baseline station 112+89.05, N 66°39'23" W for a distance of 133.18 feet to a calculated point, 121.34 feet left of proposed North Mays Street baseline station 112+90.31,and POINT OF BEGINNING of the herein described tract; THENCE, continuing through the interior of said Lot 1, with in part, the proposed easterly right- of-way line of North Mays Street, and in part, the proposed northerly right-of-way line of Old Settlers Boulevard, the following six (6) courses: 1) N 66°39'23" W for a distance of 30.62 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 99.81 feet left of proposed North Mays Street baseline station 112+90.52; PROJECT: NORTH MAYS STREET PARCEL: 3 COUNTY: WILLIAMSON OWNER: CITY OF ROUND ROCK Page 2of4 2) N 22°37'31" E for a distance of 17.25 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 90.35 feet left of proposed North Mays Street baseline station 112+73.37; 3) N 66°20'59" W for a distance of 36.91 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 53.43 feet left of proposed North Mays Street baseline station 112+73.52; 4) N 23°05'27" E for a distance of 34.89 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 52.95 feet left of proposed North Mays Street baseline station 112+38.83; 5) N 64°11'08" W for a distance of 7.95 feet to a set 1/2" iron rod with aluminum cap stamped C.O.R.R., 45.00 feet left of proposed North Mays Street baseline station 112+38.36; 6) N 23°53'13" E for a distance of 20.78 feet to calculated point; 7) THENCE, departing the proposed easterly right-of-way line of the North Mays Street, and the proposed northerly right-of-way line of Old Settlers Boulevard, continuing through the interior of said Lot 1, S 22°30'12" E for a distance of 105.44 feet to the POINT OF BEGINNING, containing 0.040 acres (1,726 square feet) of land, more or less. All bearings recited herein are based on the Texas State Plane Coordinate System, Central Zone No. 4203, NAD 83. This property description is accompanied by a separate plat. That I, M. Stephen Truesdale, a Registered Professional Land Surveyor, do hereby certify that the above description is true and correct to the best of my knowledge and belief and that the property described herein was determined by a survey made on the ground under my direction and supervision. WITNESS MY HAND AND SEAL at Round Rock, Williamson County, Texas. fJ f M. Stephen Trudsdale Registered Professional Land Surveyor No. 4933 Licensed State Land Surveyor Inland Geodetics, L.P. 1504 Chisholm Trail Road Suite 103 Round Rock, TX 78681 512-238-1200 Date NO. BEARING DISTANCE L1 N 66'39'23" W 30.62' L2 N 2237'31" E 17.25' L3 N 66'20'59" W 36.91' L4 N 2305'27" E 34.89' L5 N 6411'08" W 7.95' L6 N 23'53'13" E 20.78' • .1::' A R T fs.1 STA. 112+38.36 112+38.36 45.00' LT 4,5 STA. 112+38.83 52.95' LT V81-123. Vuo' 0.040 AC. 3 4 1,726 SQ. FT. 112+73.37 90.35' LT P.O.B. 47 \ STA. 112+90.31 121.34' LT 4/ 66 STA. 112+90.52 73.,309 'D 99.81' LT STA. 112+73.52 53.43' LT 64:24,istz 040 S4-2.7z.E. •0.1t)441,,,44,0 s 25 0 50 100 SCALE 1" = 50' LOT 1 (6.221 AC) BLOCK "C ' REPLAT OF LOT 1B AMENDING PLAT OF THE REPLAT OF BLOCK "C" CRYSTAL PARK CAB. W, SLD. 75-76 P. R. VV. C. T. KBS INDUSTRIAL PORTFOLIO, LLC DOC. NO. 2007066956 O. P. R. W.C. T. 229 15C2F.r.', STA. 112+89.05 254.52' LT , C2 ( C2) 6. 5) ' • 0))7 P.O.R. STA. 112+91.56 393.51' LT (\, PAGE 3 OF 4 I NI Lick N ED GEODETICS PROFESSIONAL LAND SURVEYORS 1504 CHISHOLM TRAIL RD. STE. 103 ROUND ROCK, TX. 78681 PH. (512) 238-1200, FAX (512)238-1251 EASEMENT SKETCH PARCEL 3—E LEGEND • 1/2" IRON ROD FOUND O 1/2 "IRON ROD SET W/ ALUMINUM CAP STAMPED CORR • TXDOT TYPE I I CONCRETE MONUMENT W/ BRASS DISK FOUND O IRON ROD FOUND TO BE REPLACED W/ 1/2 "IRON ROD SET W/ ALUMINUM CAP STAMPED CORR O IRON ROD W/PLASTIC CAP FOUND O CALCULATED POINT R PROPERTY LINE PROPOSED EASEMENT ( ) RECORD INFORMATION P.O.R. POINT OF REFERENCE P.O.B. POINT OF BEGINNING O.P.R.W.C.T. OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY, TEXAS O.R.W.C.T. OFFICIAL RECORDS WILLIAMSON COUNTY, TEXAS P.R.W.C.T. PLAT RECORDS WILLIAMSON COUNTY, TEXAS NOTES: ALL BEARINGS ARE BASED ON GRID BEARINGS. DISTANCES ARE SURFACE DISTANCES. COORDINATES ARE SURFACE VALUES BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM, NAD 83, CENTRAL ZONE, USING A COMBINED SURFACE ADJUSTMENT FACTOR OF 1.00012. THIS SURVEY WAS PERFORMED WITHOUT THE BENEFIT OF A TITLE REPORT. THERE MAY BE EASEMENTS OR OTHER INSTRUMENTS PERTAINING TO THIS PROPERTY THAT ARE NOT SHOWN HEREON. I HEREBY CERTIFY THAT THIS SURVEY WAS MADE ON THE GROUND UNDER MY DIRECTION AND SUPERVISION AND THAT THIS PLAT IS TRUE AND CORRECT TO THE BEST OF MY�, ,�s„ EDGE AND BELIEF. r; / M. STEPHEN` TRUESDALE REGISTERED PROFESSIONAL LAND SURVEYOR NO. 4933 LICENSED STATE LAND SURVEYOR INLAND GEODETICS PROFESSIONAL LAND SURVEYORS 1504 CHISHOLM TRAIL RD. STE. 103 ROUND ROCK, TX. 78681 PH. (512) 238-1200, FAX (512) 238-1251 EASEMENT SKETCH PARCEL 3-E PAGE 4 OF 4 DATE: August 7, 2009 SUBJECT: City Council Meeting — August 13, 2009 ITEM: 14A. Consider a resolution authorizing the Mayor to execute a real estate contract with KBS Industrial Portfolio, LLC for the purchase of certain property interests for construction of the N. Mays Project.