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R-03-01-23-10E4 - 1/23/2003RESOLUTION NO. R -03 -O1 -23-10E4 WHEREAS, the City of Round Rock ( "City") is the owner of a tract of land containing 1.45 acres, more or less, ("Property") which is more fully described in the Real Estate Contract ("Contract") which is attached hereto as Exhibit "A", and WHEREAS, because of the Property's shape, lack of access to public roads, and small area the Property cannot be used independently, and WHEREAS, Sycamore Trail, Ltd. ("Sycamore") is the owner of the only property abutting the Property and Sycamore desires to purchase the Property from the City, and WHEREAS, § 272.001(b) provides that the notice and bidding requirements to sell municipally owned land do not apply to tracts meeting the aforesaid requirements, and WHEREAS, the City Council desires to sell the Property to Sycamore, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the City Council finds that the Property meets the requirements of § 272.001(b) and (c), and BE IT FURTHER RESOLVED, That the Mayor is hereby authorized and directed to execute on behalf of the City the Contract with Sycamore Trail, Ltd. for the sale ::ODMA\WORLDOX\O:\WDOX\RESOLUTI\R30123E4.WPD/s]s of the Property, a copy of said 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 thi s 23rd day of January, 2003. ATTEST: LL, Mayor City of Round Rock, Texas CHRISTINE R. MARTINEZ, City Secreta 2 REAL ESTATE CONTRACT State of Texas County of Williamson THIS CONTRACT OF SALE ("Contract") is made by and between the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Seller") and SYCAMORE TRAIL, LTD. (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 a tracts of land situated in Williamson County, Texas, being more particularly described as follows: 1.45 Acres, more or less, out of the P.A. Holder Survey, Abstract 297, Williamson County, Texas, being more fully described in Exhibit "A", attached hereto and incorporated herein; together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way (all of such real property, rights, and appurtenances being referred to in this Contract as the "Property"), together with any improvements, fixtures, built-in appliances, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of Thirty -Seven Thousand and no/100 Dollars ($37,000.00). Payment of Purchase Price 2.02. The Purchase Price shall be paid in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction 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. Within twenty-one (21) days after the date of execution of this Contract, Purchaser , at Purchaser's sole cost and expense, will obtain from Georgetown Title Company, 1717 N. Mays St., Round Rock, Texas, 78664 (the "Title Company") a preliminary title report (the "Title Commitment") accompanied by copies of all recorded documents relating to easements, rights-of-way, etc., affecting the Property. Purchaser will give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the Title Commitment that the condition of title as set forth in the Title Commitment is or is not satisfactory. In the event that Purchaser states that the condition is not satisfactory, Seller may undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser at or prior to O:\wdox\corr\gnl\sycamore\000425 29.DOC Closing. In the event Seller is unable or unwilling to do so, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. Miscellaneous Conditions 3.03. 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. ARTICLE IV CLOSING The closing shall be held at the Title Company, on or before February 15, 2003, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "closing date"). Seller's Obligations 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved by Purchaser pursuant to Article III hereof; and (iii) Any exceptions approved by Purchaser in writing. (b) Deliver to Purchaser a Texas Owner's Title Policy at Seller's sole expense, issued by Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, 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. (c) Deliver to Purchaser possession of the Property. Purchaser's Obligations 4.02 At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 4.03 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. Closing Costs 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: Owner's Title Policy paid by Purchaser; Filing fees for deed paid by Purchaser; Title curative matters, if any, paid by Seller; Attorney's fees paid by each respectively. 2 ARTICLE V REPRESENTATIONS OF SELLER 5.01 Seller represents and warrants to Buyer, as of the closing date, as follows: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers; (2) To the current, actual knowledge of Seller without investigation, Seller has complied with all applicable laws, ordinances, regulations, and restrictions relating to the Property, or any part of it; (3) To the current, actual knowledge of Seller without investigation, Seller is not aware of any material physical defects to the Property; (4) To the current, actual knowledge of Seller without investigation, Seller is not aware of any environmental hazards or conditions that affect the Property; and To the current, actual knowledge of Seller without investigation, Seller is not aware that the Property is or has ever been used for the storage or disposal of hazardous materials or toxic waste, or any underground tanks or containers. (5) 5.02 The foregoing representations and warranties will survive closing for a period of six (6) months, and will be of no further force or effect thereafter, notwithstanding any provision herein to the contrary. Purchaser acknowledges that Purchaser has already inspected the Property or will hereafter independently cause the Property to be inspected on its behalf and that Purchaser has not entered into this Contract based upon any representation, warranty, agreement, statement or expression of opinion by Seller (except as contained herein) or by any person or entity acting or allegedly acting for or on behalf of Seller as to the condition of the Property. Purchaser agrees that the Property is to be sold to and accepted by Purchaser at closing, AS IS, WHERE IS, WITH ALL FAULTS, IF ANY, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED (other than the express warranties contained herein and the warranty of title set out in the Deed). ARTICLE VI REAL ESTATE COMMISSIONS The parties hereto agree that there are no real estate brokers involved in this transaction. ARTICLE VII 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 One Thousand Dollars ($1,000.00), the Escrow Deposit, which shall be paid by the Title Company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. 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 VIII 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 3 performance of this Contract; or (2) terminate this Contract and request that the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE IX 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. 10.01. ARTICLE X MISCELLANEOUS Assignment of Contract (a) This Contract may not be assigned without the express written consent of Seller. Survival of Covenants (b) Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. Notice (c) 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. Texas Law to Apply (d) 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 (e) 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 (f) 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 (g) 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. 4 Time of Essence (h) Time is of the essence in this Contract. Gender (i) 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. Dated this 23rd day of January, 2003. SELLER: CITY OF ROUND ROCK, TEXAS By: Nyle Maxwell, Mayor 221 E. Main Street Round Rock, Texas 78664 PURCHASER: SYCAMORE TRAIL, LTD By: ASHTON OAKS, L.L.C. Its General Partner By: Robert D. Wunsch, its President 5 11/27;'2002 14:59 5123811282 City of Round Rock 1.45 Acre Tract Page 1 of2 RDW DEVELOPMENT DESCRIPTION PAGE 02/04 FOR A 1.45 ACRE TRACT OF LAND SITUATED IN THE P. A. HOLDER SURVEY, ABSTRACT NO. 297, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A CALLED 1.49 ACRE TRACT OF LAN) AS DESCRIED IN THAT DEED TO THE CITY OF ROUND ROCK AND RECORDED IN DOCUMENT NO. 2001031577 OF THE OFFICIAL RECORDS OF SAID COUNTY, SAID 1.45 ACRE TRACT AS SHOWN ON THE ACCOMPANYING SKETCH T5 MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS; BEGINNING on a %2" iron rod found on the north lute of said 1.49 acre tract, same being the south line of a called 27.61 acre tract of land as described in that deed to Sycamore Trail, Ltd, and recorded in Document No. 2001007249 of the Official Records of said county, sante being on the east right-of-way line of Arterial "B» (120 foot right-of-way width) as recorded in Document No. 2001038656 of the Official Records of said county, same being the northwest corner hereof, from which a railroad spike found for the northwest corner of said 1.49 acre tract bears, N 80° 41' 39" W for a distance of 27.55 feet; THENCE with the north line of said 1,49 acre tract, same being the south line of said 27.61 acre tract, S 800 41' 39" E for a distance of 205.85 feet to the northeast corner hereof; THENCE with the east line of said 1.49 acre tract, same being an interior west line of said 27.61 acre tract, the following three (3) courses and distances: 1) S 02° 27' 50" E for a distance of 143.00 feet to a fence corner found for an angle point hereof, 2) S 00° 03' 28" E for a distance of 94.78 feet to a Y2" iron rod found for an angle point hereof, and 11/27/2002 WED 14:54 [TX/RX NO 6076] a002 11/27,'2002 14: 59 512321122 City of Round Rock . I.45 Acre Tract Page 2 of 2 RD4J DEVELOPMENT PAGE 03/04 3) $ 02° 06' 00" E for a distance of 60.00 feet to the southeast corner of said 1,49 acre tract, same being an interior southwest corner of said 27.61 acre tract, same being on the approximate centerline of Lake Creek, same being the southeast corner hereof, T13ENCE with the south line of said 1.49 acre tract, same being the said approximate centerline of Lake Creek, N 76° 31' 55" W for a distance of 193. 81 eet to the southwet corner of said 1.49 acre tract, same being an interior southeast corner of sad 27.61 acre tracts same being the southwest corner hereof, THENCE with the west line of said 1.49 acre tract, same b einan interior east line of said 27.61 acre tract, N 20° 13' 22" W for a distance of 175.57 feet to a 4» iron rod found on the cast right-of-way line of said Arterial "B", same being a non -tangent point of curvature hereof, from which a a" iron rod found for an angle point on the west line of said 1.49 acre tract bears, N 20° 13' 22" W for a distance of 8.42 feet; THENCE with the east right-of-way line of said Arterial "B", with the arc of a curve to the left, having a radius of 776.20 feet, an arc length of 126.86 feet, a central angle of 090 21' 50", Load a chord which bears, N 17° 15' 26" E for a distance of 126.71 feet to the POINT OF BEGINNING hereof and containing 1.45 acres of land. Bearing Basis is Grid North as based on the Texas State ?lane Coordinate System, +Central. Zone, NAD '83 Survey work performed: March 28, 2001 BAKER-AICKLEN & ASSOCIATES, INC. 203 E. Main Street, Suite 201 Round Rock, Texas 78664 (512) 244-9620 7°b No.; 1154.2.001.29 File°amo: W:IPROJL••CTS OOVL•R1SKETCKE3\METES & SOUNDS\M1LL,ER.O0C 11/27/2002 WED 14:54 [TX/RX NO 6076] (7j003 11/27/2092 14:59 5123811282 RD'.' DEVELOPMENT SKETCH TO ACCOMPANY DESCRIPTION 1 POINT OP BEGINNING / / 1 PAGE 04/04 .P . A . J o L.).�'r-� S UR A8 P. ,CI' No. .297 SYCAMORE TRAIL., ,LTD. CALLED 27.61 ACRES DOC. NO. 2001007249 iv •. . �1/ S �Os�I.3$Nk. zQ� 8.r $..( ^� 0 ' J` +o'o'h Jco • •s ,u�•o / SYCAMORE TRAIL, LTD, CALLED 27.61 ACRES DOC. N0. 2001007249 SCALE: 1 " = 80' WILLIAMSON COUNTY, TE'XA,F 6 1/E" IRON ROD FOUND A. RAILROAD SPACE FOUND C3 FENCE POST =i GT 1.74 1.45 ACRE CITY OF ROUND ROCK CALLED L49 ACRE" DOC. NO, 200/031577 At is•,'Ssft 4PI'ROJ0414 Tt CFNfi ,9 61, L�� cQNTINENTAL HOMES CALLED 33,61 ACRES OOC. No, 20000645°4 NUMBER LI L2 DIRECTION N 80.4I'3S' W N EO•I3'22N W DISTANCE 27.35' 3.4E' • Om a� rrf 4ir CA,FE/t DATE: JUNE, 2002 JOB NO.: 1154-2-00229 BY: M, NOLEN PAGE 3 OF 3 IIEIAXER-AIOCLEN • A6SIOCIIATE®, PING. EN GIN REBS/SURVEYOR® PILE NAME: HOp \SXETCNEs\DWG\MILLFR.DWG PLOT DATE: JULY 02, 2002 11/27/2002 WEI) 14:54 [TX/RX NO 6076] Z004 DATE: January 17, 2003 SUBJECT: City Council Meeting — January 23, 2003 ITEM: 10.E.4. Consider a resolution authorizing the sale of 1.45 acres of land out of the P.A. Holder Survey, Abstract 297, in Williamson County, Texas to Sycamore Trails, Ltd Resource: Tom Word, Director of Transportation Services History: This 1.45 acre tract is surplus property acquired as part of the right-of-way for A.W. Grimes Boulevard. This tract is no longer needed. Sycamore Trails, Ltd. is the surrounding property owner. Funding: Cost: $36,000.00 Source of Funds: Round Rock Transportation System Development Corporation Outside Resources: Sycamore Trails, Ltd. Impact: None Benefit: Sales of surplus property. Public Comment: N/A Sponsor: N/A EXECUTED DOCUMENT FOLLOWS Sheets & Crossfield, P.C. Christine Martinez 221 East Main Round Rock, Texas 78664 ATTORNEYS AT LAW 309 East Main Street • Round Rock, TX 78664-5246 phone 512-255-8877 • fax 512-255-8986 February 6, 2003 Hand Delivered Re: 1.45 acre, more or less, out of the P.A. Holder Survey, Abstract 297, Williamson County, Texas. City of Round Rock ("Seller") and Sycamore Trail, Ltd. ("Purchaser") Dear Christine: Enclosed is the original executed Real Estate Contract, where the City of Round Rock ("Seller") is selling 1.45 acres, more or less, out of the P.A. Holder Survey, Abstract 297, Williamson County, Texas, to Sycamore Trail, Ltd. ("Purchaser"). CC/kg Enclosure Sincerely, CA044/41#t Kd Charles Crossfield REAL ESTATE CONTRACT State of Texas County of Williamson ORIGINAL THIS CONTRACT OF SALE ("Contract") is made by and between the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Seller") and SYCAMORE TRAIL, LTD. (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 a tracts of land situated in Williamson County, Texas, being more particularly described as follows: 1.45 Acres, more or less, out of the P.A. Holder Survey, Abstract 297, Williamson County, Texas, being more fully described in Exhibit "A", attached hereto and incorporated herein; together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way (all of such real property, rights, and appurtenances being referred to in this Contract as the "Property"), together with any improvements, fixtures, built-in appliances, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of Thirty -Seven Thousand and no/100 Dollars ($37,000.00). Payment of Purchase Price 2.02. The Purchase Price shall be paid in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction 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. Within twenty-one (21) days after the date of execution of this Contract, Purchaser , at Purchaser's sole cost and expense, will obtain from Georgetown Title Company, 1717 N. Mays St., Round Rock, Texas, 78664 (the "Title Company") a preliminary title report (the "Title Commitment") accompanied by copies of all recorded documents relating to easements, rights-of-way, etc., affecting the Property. Purchaser will give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the Title Commitment that the condition of title as set forth in the Title Commitment is or is not satisfactory. In the event that Purchaser states that the condition is not satisfactory, Seller may undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser at or prior to O:\wdox\corr\gnl\sycamore\00042529.DOC Closing. In the event Seller is unable or unwilling to do so, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. Miscellaneous Conditions 3.03. 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. ARTICLE IV CLOSING The closing shall be held at the Title Company, on or before February 15, 2003, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "closing date"). Seller's Obligations 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved by Purchaser pursuant to Article III hereof; and (iii) Any exceptions approved by Purchaser in writing. (b) Deliver to Purchaser a Texas Owner's Title Policy at Seller's sole expense, issued by Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, 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. (c) Deliver to Purchaser possession of the Property. Purchaser's Obligations 4.02 At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 4.03 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. Closing Costs 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: Owner's Title Policy paid by Purchaser; Filing fees for deed paid by Purchaser; Title curative matters, if any, paid by Seller; Attorney's fees paid by each respectively. 2 ARTICLE V REPRESENTATIONS OF SELLER 5.01 Seller represents and warrants to Buyer, as of the closing date, as follows: (1) There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers; (2) To the current, actual knowledge of Seller without investigation, Seller has complied with all applicable laws, ordinances, regulations, and restrictions relating to the Property, or any part of it; (3) To the current, actual knowledge of Seller without investigation, Seller is not aware of any material physical defects to the Property; (4) To the current, actual knowledge of Seller without investigation, Seller is not aware of any environmental hazards or conditions that affect the Property; and To the current, actual knowledge of Seller without investigation, Seller is not aware that the Property is or has ever been used for the storage or disposal of hazardous materials or toxic waste, or any underground tanks or containers. (5) 5.02 The foregoing representations and warranties will survive closing for a period of six (6) months, and will be of no further force or effect thereafter, notwithstanding any provision herein to the contrary. Purchaser acknowledges that Purchaser has already inspected the Property or will hereafter independently cause the Property to be inspected on its behalf and that Purchaser has not entered into this Contract based upon any representation, warranty, agreement, statement or expression of opinion by Seller (except as contained herein) or by any person or entity acting or allegedly acting for or on behalf of Seller as to the condition of the Property. Purchaser agrees that the Property is to be sold to and accepted by Purchaser at closing, AS IS, WHERE IS, WITH ALL FAULTS, IF ANY, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED (other than the express warranties contained herein and the warranty of title set out in the Deed). ARTICLE VI REAL ESTATE COMMISSIONS The parties hereto agree that there are no real estate brokers involved in this transaction. ARTICLE VII 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 One Thousand Dollars ($1,000.00), the Escrow Deposit, which shall be paid by the Title Company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. 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 VIII 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 3 performance of this Contract; or (2) terminate this Contract and request that the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE IX 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. 10.01. ARTICLE X MISCELLANEOUS Assignment of Contract (a) This Contract may not be assigned without the express written consent of Seller. Survival of Covenants (b) Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. Notice (c) 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. Texas Law to Apply (d) 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 (e) 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 (f) 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 (g) 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. 4 Time of Essence (h) Time is of the essence in this Contract. Gender (i) 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. Dated this 2311 day of January, 2003. SELLER: CITY O ' O By:• D : axw , Mayor 221 E. Main Street Round Rock, Texas 78664 PURCHASER: SYCAMORE TRAIL, LTD By: ASHTON OAKS, L.L.C. Its General Partner By: Robert D. Wunsch, its President 5 Li, LandAmerica =I Austin Title PAY • O THE AIDER )F iF No. AUSTIN TITLE COMPANY 101 E. OLD SETTLERS BLVD. SUITE 100 ROUND ROCK, TEXAS 78664 THIRTY SIX THOUSAND EIGHT HUIEWINIBIETY ONE DOLLARS CITY OF ROUND ROCK 248545 - U VOID AFTER 90 DAYS WELLS FARGO BANK 37-65/1119 GF No. 03 CENTS DATE 3/11/2003 018644 0018644 AMOUNT $ *****36,891.03 AUST ANY IN TITLE COMPANY O' �BAAUSTIN E COM' ESCRO ACCOArta )'41411f /AL A A A_A. .14AA n■0 1864411' 1s L L L9006 591:06 1 290600811' TW SIGNATURES REQUIRED THE BACK OF THIS CHECK CONTAINS AN ARTIFICIAL WATERMARK - CAN BE VIEWED AT AN ANGLE DETACH BEFORE CASHING OR DEPOSITING CHECK AUSTIN TITLE COMPANY OF AUSTIN, DBA AUSTIN TITLE COMPANY ESCROW ACCOUNT 248545 - U Bank Name: WELLS FARGO Check No: 0018644 Location: RR Check Amt: 36,891.03 Check Date: 3/11/2003 Closer: 384 101 E. OLD SETTLERS BLVD., STE. 100 ROUND ROCK, TEXAS 78664 Seller/Owner: CITY OF ROUND ROCK Buyer/Lender: SYCAMORE TRAIL., PROPERTY DESCRIPTION: Street No.: City: ROUND ROCK Lot: Addn: No. 008 Street: Block: SELLERS PROCEEDS LTD. State: TX County: WILLIAMSON 36,891.03 36,891.03 018644 a) _c 0 LI 0 E il 0 5, t co -a .> 03/11/2003 TUE 12:50 FAX SHEETS & CROSSFIELD P.C. Z002/011 Date: Grantor: Lo --o QZ 2/3 SPECIAL WARRANTY DEED �� FEa/l Ge y aO , 2003 CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality Grantor's Mailing Address (including CITY OF ROUND ROCK, TEXAS 221 E. MAIN ST. ROUND ROCK, TEXAS 78664 WILLIAMSON COUNTY Grantee: SYCAMORE TRAIL, LTD. Grantee's Mailing Address SYCAMORE TRAIL, LTD. 4314 W. BRAKER LANE SUITE 250 AUSTIN, TEXAS 78759 TRAVIS COUNTY (including county) : county): ORIGINAL FILED BUT NOT ( Arm ^--� MAR 1 1 2003 c°'mp per, �gy�on co. �r Consideration: TEN AND NO/100 DOLLARS and other good and valuable consideration. Property (including any improvements): 1.45 acres, more or less, out of the P.A. Holder Survey, Abstract No. 297, Williamson County, Texas, being more fully described in Exhibit "A", attached hereto and incorporated herein. Reservations From and Exceptions to Conveyance and Warranty: Easements, rights-of-way, and prescriptive rights, whether of record or not; all presently recorded instruments, other than liens and conveyances, that affect the property; taxes for the current year, the payment of which Grantee assumes. Grantor, for the consideration, receipt of which is acknowledged, and subject to the reservations from and exceptions to conveyance and warranty, grants, sells and conveys to Grantee the property, together with all and singular the rights and appurtenances thereto in any wise belonging, to have and hold it to Grantee, Grantee's heirs, executors, administrators, successors or assigns forever. Grantor binds Grantor and Grantor's heirs, executors, administrators and successors to warrant and ePFDeskGOD\::ODMA:7ORLDOY/O!/MDOWGORR/GNL/syO1MORE/ODOdl187.71PD MAR -11-2003 13:05 95% P.02 03/11/2003 TUE 12:50 FAX SHEETS & CROSSFIELD P.C. rj003/011 forever defend all and singular the property to Grantee and Grantee's heirs, executors, administrators, successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the reservations from and exceptions to conveyance and warranty, when the claim is by, through or under Grantor, but not otherwise. By the acceptance of this Deed, Grantee is taking the Property AS IS, WHERE IS, WITH ALL FAULTS, IF ANY, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED (other than the express warranties contained herein and the warranty of title expressly set forth herein. When the context requires, singular nouns and pronouns include the plural. STATE OF TEXAS CITY OF ROUND ROCK, TEXAS B yo r ACKNOWLEDGMENT l COUNTY OF WILL/M1500 LL/M150&) This instrument was acknowledged before me on this the day of rEZPLARy , 2003, by NYLE MAXWELL, Mayor, CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality, on behalf of said municipality. PREPARED IN THE OFFICE OF: AFTER RECORDING RETURN TO: MAR -11-2003 13:05 Notary Public, State of Texas Sheets & Crossfield, P.C. 309 E. Main St. Round Rock, Texas 78664 Sheets & Crossfield, P.C. 309 E. Main St. Round Rock, Texas 78664 2. 95% P.03 03/11/2003 TUE 12:50 FAX SHEETS & CROSSFIELD P.C. City of Round Rock L45 Acre Tract Page 1 of 2 DESCRIPTION FOR A 1.45 ACRE TRACT OF LAND SITUATED IN THE P. A. HOLDER SURVEY, ABSTRACT NO, 297, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A CALLED 1.49 ACRE TRACT OF LAND AS DESCRIBED 111 THAT DEED TO THE CITY OF ROUND ROCK AND RECORDED IN DOCUMENT NO. 2001031577 OF THE OFFICIAL RECORDS OF SAID COUNTY, SAID 1.45 ACRE TRACT AS SHOWN ON THE ACCOMPANYING SKETCH IS MORE PARTICULARLY DESCRJBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING on a 'A" iron rod found on the north line of said 1.49 acre tract, same being the south line of a called 27.6I acre tract of land as described in that deed to Sycamore Trail, Ltd. and recorded in Document No. 2001007249 of the Official Records of said county, same being on the east right-of-way line of Arterial "B" (120 foot right-of-way width) as recorded in Document No. 2001038656 of the Official Records of said county, same being the northwest comer hereof; from which a railroad spike found for the northwest corner of said 1.49 acre tract bears, N 80° 41' 39" W for a distance of 2755 feet; THENCE with the north line of said 1.49 acre tract, same being the south line of said 27.61 acre tract, S 80° 41' 39" E for a distance of 205.85 feet to the northeast corner hereof; THENCE with the east line of said 1.49 acre tract, same being an interior west line of said 27.61 acre tract, the following three (3) courses and distances: 1) S 02° 27' 50" E for a distance of 143.00 feet to a fence corner found for an angle point hereof, 2) S 00° 03' 28" E for a distance of 94.78 feet to a 4" iron rod found for an angle point hereof, and EXHIBIT MAR -11-2003 13:05 95% (j 004/011 P. 04 03(11/2003 TUE 12:50 FAX SHEETS & CROSSFIELD P.C. City of Round Rock 1.45 Acre Tract Page 2 of 2 3) S 02° 06' 00" E for a distance of 60.00 feet to the southeast comer of said 1.49 acre tract, same being an interior southwest comer of said 27.61 acre tract, same being on the approximate centerline of Lake Creek, same being the southeast corner hereof; THENCE with the south line of said L49 acre tract, same being the said approximate centerline of Lake Creek, N 76° 31' 55" W for a distance of 193.81 feet to the southwest comer of said 1.49 acre tract, same being an interior southeast corner of said 27.61 acre tract, same being the southwest corner hereof; THENCE with the west line of said 1.49 acre tract, same being an interior'east line of said 27.61 acre tract, N 20° 13' 22" W for a distance of 175.57 feet to a 'A" iron rod found on the east right-of-way line of said Arterial "8", same being a non -tangent point of curvature hereof, from which a 'A" iron rod found for an angle point on the west line of said 1.49 acre tract bears, N 20° 13' 22" W for a distance of 8.42 feet; THENCE with the east right-of-way line of said Arterial "B", with the arc of a curve to the left, having a radius of 776.20 feet, an arc length of 126.86 feet, a central angle of 09° 21' 50", and a chord which bears, N 17° 15' 26" E for a distance of 126.71 feet to the POINT OF BEGINNING hereof and containing 1.45 acres of land. Bearing Basis is Grid North as based on the Texas State Plane Coordinate System, Central Zone, NAD '83 Survey work performed: March 28, 2001 BAKER-AICKLEN & ASSOCIATES, INC. 203 E. Main Street, Suitc 201 Round Rock, Texas 78664 (512) 244-9620 Job No.: 1154-2.002-29 Filename: W:IPROJEC SI.HOOVERISKETCfl METES & BOUNDS\MILLER-DOC MAR -11-2003 13:05 95, Z 005/011 P.05 03/11/2003 TUE 12:51 FAX SHEETS & CROSSFIELD P.C. 1 I 1 I SKETCH TO ACCOMPANY DESCRIPTION 1 1 1 POINT OF ' BEGINNING - A- J- c IZ S UJ \/ y. �.BSTrzAc-r ,Nro 2g7 1 SYCAMORE TRAIL, LTD. CALLED 27.61 ACRES v DOC. No. 2001007249 F h S�ect) . 0) � • u S epe41'3t9 „, O~ f j No. O 205.0.s. OS QS. WO•� Ao�b� • Q� oct-r tiV1 4• • >/ / SYCAMORE TRAIL, LTO. CALLED 27.61 ACRES �• DOC NO. 200/007249 SCALE, 1 " = 60' WILLIAMSON COUNTY, TEXAS • 1/2- IRON ROD FOUND % RAILROAD SPIKE FOUND O FENCE POST MAR -11-2003 13:06 -a 1.45 ACRE CITY OF ROUND ROCK CALLED L49 ACRE DOC. NO. 2001031577 N CONTINENTAL HOMES CALLED 33.61 ACRES DOC. NO. 2000065504 3 „09,1Z•ZO 0 O 3 n9Z,C0.0O • N O Oi o P0 Ser o 0 CES fRL/N E OP L q .CREEK DATE: JUNE. 2002 J08 NO.: 1154-2-002-29 BY: M.NOLEN PAGE 3 OF 3 Z006/011 BAKER-AICKLEN 61. ASSOCIATES, INC. ENGINEERS/SURVEYORS FILE NAME: HOOVER\SKETCHES\DWG\MILLER.DWG PLOT DATE: JULY 02. Jnn9 95% P. 06 03/11/2003 TUE 12:51 FAX STATE OF TEXAS SHEETS & CROSSFIELD P.C. ORIGINAL FILED 3u'- NOT CM/IPA ' MAR 1 1 2003 N "RELEASE OF EASEMENT COUNTY OF WILLIAMSON EASEMENT IS DESCRIBED IN THE FOLLOWING DOCUMENT: OWNER OF EASEMENT: PROPERTY BURDENED BY THE EASEMENT: PROPERTY BENEFITTED BY THE EASEMENT: OWNER OF THE BENEF111bU TRACT: Z007/011 2_J�C- E ^ �� w,,eTx Warranty Deed with Vendor's Lien dated March 25, 1980, recorded in Volume 790, Page 892, Official Records of Williamson County, Texas (a copy of which is attached hereto as EXHIBIT A). City of Round Rock, Texas Approximately 27.61 acre tract conveyed to James 7. Hoover described in a Deed recorded in Volume 649, Page 114, Deed Records, Williamson County, Texas; said Easement described by metes and bounds in the Warranty Deed recorded in Volume 790, Page 892, Official Records of Williamson County, Texas. BEING an approximate 1.50 acre tract out of the P. A Holder Survey, Abstract No. 297, Williamson County, Texas, being described by metes and bounds in the Deed recorded in Volume 790, Page 892, Official Records of Williamson County, Texas (the "Benefitted Tract"). City of Round Rock, Texas The City of Round Rock, Texas, being the Beneficiary and Owner of the Easement described above, and being the Owner of the Real Property to which the Easement is appurtenant and which benefits from the Easement, for a good and valuable consideration, the receipt of which is hereby acknowledged, has RELEASED AND DISCHARGED, and by these presents RELEASES AND DISCHARGES the Easement described above. MAR -11-2003 13:06 95% P.07 03/11/2003 TUE 12:51 FAX SHEETS & CROSSFIELD P.C. EXECUTED this c90 day of FE( uf}Ry , 2003 STATE OF TEXAS COUNTY OF WILLIAMSON • • CITY OF ROUND ROCK, TEXAS BY: NOTARIAL ACKNOWLEDGMENT MAYOR ACKNOWLEDGED BEFORE ME by the said Nyle Maxwell, as Mayor of the City of Round Rock, Texas, on this 0 day of retee,UARy , 2003. w.� 0. • CIiRISTINE R. MARTINEZ ;PI MY COMMISSION EXPIRES Must 28, 2005 1 NOTARY PUBLIC ' State of TEXAS KAIWOSycamorc Trail Ltd P2860\Round Rods .071RELEASE-Eascmeot MAR -11-2003 13:06 95% Z 008/011 P.es 03/11/2003 TUE 12:51 FAX SHEETS & CROSSFIELD P.C. rill /.V..Of10E 892 WARRANTY DEED *WITH VENDOR'S LIEN me STATE OF TEXAS COUNTY OF Wnitulfsen ... new...wJr •..-. ti .... -e ".M..r./ 1...0 ,v 1 10198 tKNOW ALL MEN HY THESE PRESENTS: Thai vs. JAMES J. HOOVE>t and wit's. SUE S. iSOOVLY, of the County of Williataaon • and Sista of 'Taxes eensiderotlon of the sum of _. for and in ($10.00) -__TEN AND NO/100_______________________ and other •aluebk consideration to the undstYi DOLLARS lira' paid by me gtanteta hcrein named, the receipt of which is hereby eekaowl.dttghed, in the further onneldentbn D( the execution and deltvcry omits** A saa'otheir principal ■oneot certain o L gory note of oven dat e kereewith inithe 5ipa e Fifty -Five Thousand, Tro Hundred and No/100 Associa- tion in iia offices)in'Ra d lock, Williamer sonf BCounty. Saving, Atherei- nprovided and bearing interest at the retail therein County. Texas ttoding for atceeleratien of maturity is event of dafault.and for nney ■ fees,, • • the payment of whkh note is snouted by the vondofs lion herein retained, and Is additionally secured by a dead of treat of earn duo herewith to ROBERT E, AlIOADPS Treater, Iwo GRANTED, SOLD AND CONVEYS end by those poems do ORANr, SELL AND CONVEY unto ROG 'A,. MLER and vita, SUZANNE 8. }¢LLZR of the County of Williamean and State of Tones a all of the following described real property in litiliataaon County, Teta& wait: • -r ewra. n - ... ...roes • MAR -11-2003 13:06 • 95% lajoo9/011 P.09 03/11/2003 TUE 12:52 FAX SHEETS & CROSSFIELD P.C. f 1 BEING a 1.50 acre tract our of cha P.A. Holder Survey, Abstract No. 297, aituazad in Nilliamaon Cauuty, Texan, and also being out of the aouthaaatertt corner of chat 27.61 acre tract conveyed to Jesse J. Heaver da eribad in a deed recorded in Vol. 649, Pg. 114, Deed Records of said County, said 1.50 acre tract being more particularly described by motets and baunda as follower BEGINNING at cha 9outheasc corner of staid Hoover tract for the Southeast corner hawse/ and also being in the center of Lake Creak; THENCE N 74'34'W. 193.60 feet along the center of Lake Creak to chs Southwest corner hereof; THENCE v 18' 44'1J, 183.99 fest to an iron pin eat and N n7' 56'40"E. 118.27 feet to a railroad spike set for the Northwest corner hereof; THENCE 9 78'54'30"P., 233.40 fear to as Pence corner poet in the Eaet line of acid Hoover tract far ch.Nartheast touter hereof; THENCE southerly along said fence 9 00'59'40"E, 143.00 feac to a fence dormer. 3 Ol'41'W, 95,05 feet Co an iron pin found on Cha North ton of bank of Lake Creek and 9 00'37'E, 60.00 feet to the POINT OF BEGINNING of chis deocribsd creat containing 1.50 sores of land acro or lees. Por the canaiderarion hsreinbefers set faith, JAMS S. fl VEIL end wife, 511 S. PLOVER do additionally Borate, bargain, sell, end =may tato SOM. A. mu= BM wife, SUZANNE 8. 1,47.Ii7t an eaeeenett and rigpt.af-way upon end =moan the falai*/ described property of tramcar, Hare perticu1erly described in Exhibit A attached hereto end made a parr hereof for all purpaaes. TO HAVE 'AND TO HOLD the above described premien. together with all and Lingular the rights ant appurtenances thereto in anywise belonging unto the said gramme , their heirs 2nd aaalgn forever. and we' do hereby bind ourselves , our heirs, esecutor* and admtniatreton t. WARRANT AND FOREVER DEFEND all and insular the said promises unto the Laid grantees . thele hairs and aaiens. against every person whomsoever lawfully e.laimins or to lairs the same or any pa therw4 But it is espeealy agreed shot the VENDOR'S LIEN, as well as the Superior Title In and to the stun described premises, is retained against the oboe* described property. premises end Improvements until the atm. described nags and all interest thereon are rutty geld according co the race, tenor, effect and reading thee/ when thin Deed chill become aleolute. Tho Equitable Savinga Association, at eha instance and requeac of the granters herein. having advanced andaid in cash to the grantor e■ is avidottead• by the .hsrsinabove described Fifty -Five Thousand, 'Luso Hundred and No/100 Dollar ($55,200.00) Noce, the Vendor's. Lion, together with the Superior. Title to said property. is retained herein for the benefit of said Equitable Savings Aseeeiation end the aama are hereby TRANSFERRED and A951FNXn co said Equitable Savings Asaoeiatian. This conveyance is made and accepted subject to the following reecrieei. 1. No structure o! a temporary character, trailer, mobilo home basement, tent, shack, garage, or other outbuildings shall be used on the property at any time as a residence, either tempora or permen■nt2ly. . 2. No anlmtale, livestock. or unaged poultry of'any kind =hall be reiaad, bred, or kept on the property except ono (1) large animal and/or three (3) spall animals. 3. 'All property shall be used for residential purposes only, and no building shall be aroeted, altered, placed or permitted to remain on any property ocher than one detached atingle !=mil) duelling not to exceed two (2) stories in height and a private garage for not more than three (3) automobiles. The property shall not be used for commerical, school, or mining purposed. MAR -11-2003 13:07 XJ 010/011 i 95% P.10 03/11/2003 TUE 12:52 FAX SHEETS & CROSSFIELD P.C. le011/011 ■ EXECUTED Ihi■ 25th day -A-D. 19 80 : t ' • :) SUES DOVER - - - (Aedmewwdp°wj -- THE l?ATN Or TEXAS ` COUNTY or WXLLIAte$0N Jl Odom m■, the mid/nip/sod suth■ray, on MN day t+nonally typo/rid 9u. S. Hoover know■ is me le i les po. s...a__. edict. Mms..L.ar'E. wh,albdd to 1 that... -E. hat.- eaoeul.d Me Nino tor M. purposes ..d .°odbadM% d. ol•.ruR44',lor �'aa and aae! ■f srCw on IMP Uy ,Nd. rub o wD 1 BO rr' ` i , ` �? n a Is and for Wi 3 on Y f evsty, ? w i-,: ✓ : v My i u'lIUtus opiroo19.- 1'7 • 1 . c '4 ` .'t t 1DWIUIT "An Jame■ J. Hoover and wife, • seh.wl.daee Is .is rrrlelM or Zrompee a■m■ of notary) "r—^ M'rLIND, MODsta' rwora,tt Pueuc • aa■.u,.e" ■ oe d•tt.e1 FIELD NOTES FOR A TWENTY (201 FOOT WIDE ROADWAY EASEMENT Field Notes describing a twenty (20) foot wide roadway easement across • 27.61 acre tract conveyed to James J. Hoover described in a deed recorded in Volume 649, Page 114 of the Deed Records of Williamson County. Teras said easeteent'lying twenty feet southerly end westerly of its herein described north and east lines: Beginning for Reference at the most westerly corner of said Hoover traet being 1n the South margin of the Missouri Pacific Railroad; THENCE 314040'E 249.14 feet Clang the West line of said Hoover tract to the True Point of Beginning of this described easement; THENCE along the North line hereof the following three courses: (1) sa3°04'00"E 326.41 feet to a fence corner, (2) N89°1!'504E 346.45 feet t° a fence angle point. (3) N83°02'151 67.05 feet to a Pence corner; THENCE S0101I'40"E 176.80 feet along an east line hereof to a 'roma corner; THENCE Tong the North line haraof 568°54'E 101.82 feet to a .fence angle point and S880571. 148,30 feet to a point in said fence for an ell corner hereof; THENCE S87056:40"W 138.82 feet along an East line hereof to a point in the North line of a 1.50 acre tract surveyed this day for Roger Millers said point being the ending point of this described easement and also being 578°54'30"E 20.03 feet from the Northwest corner of said 1.50 acre tract. TEs STATE Of TLXA9 urt of Me Gooses Courter told Ce■e/y. ds h.nay em Cooney of W Ililamton } 1,3a�p6„. >;%�w';'yC esnl�af suth€ed.rstee. wet Nod for ?mord is orfke o■ dry law v.■ rerdNlna laoww.at le !°!W�� It1 • ,l aufle e'elaeY�� M.. aneduly.otdgUUs.' ,1,S 26tn day ■f�J111001 1.Dras ' �j la• 27th i. of March.' 4.e. 10.(0.M,.Mtha__�. -.+�• b..d •1. P�1iivraOfsaki pinny. IAV.I lee 9a - WITNESS MY 14ANb raid, rut sf 14 tarp Weis el mild, Goons. u Oka le 0..rp wn. Tem. ua dem len ahem wdant, • ay /6vr�1 3AMv N. Bd'Dsro$. =SPX, County Co" rd1114oaoa Csaoiy.'f.ssa ' 2 • ?11I" MAR -11-2003 13:0? 95% P.11