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R-2021-224 - 8/26/2021 RESOLUTION NO. R-2021-224 WHEREAS, on May 9, 2019, the City Council approved a Consent and Development Agreement ("Agreement") between the City of Round Rock ("City"), Cressman Enterprises, LP et al. ("Cressman"), and Round Rock Municipal Utility District No. 2 ("District") regarding the creation of the District; and WHEREAS, the District contains 174.20 acres and is being developed by Meritage Homes of Texas, LLC ("Meritage"); and WHEREAS, Section 11.03(a) of the Agreement provides that the Agreement may be assigned with the City's consent; and WHEREAS, Meritage desires to partially assign its interest with respect to Phase I and Phase II to Tri Pointe Homes Texas, Inc.; and WHEREAS the CityCouncil desires to consent to the partial assignment of said Agreement; p g Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS, That the City Council hereby consents to the Partial Assignment of Consent and Development Agreement by Meritage Homes of Texas, LLC to Tri Pointe Homes Texas, Inc. That the Mayor is hereby authorized and directed to execute on behalf of the City a Partial Assignment of Consent and Development Agreement, a copy of same 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. 0112.20212;00479210 RESOLVED this 26t" day of August, 2021. CRAIG MOR AN, a or City of Roun Rock, exas ATTEST: MEAGAN SP KS, De-pity City Clerk 2 EXHIBIT „A„ PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT This PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT(this"Partial Assignment") is executed by MERITAGE HOMES OF TEXAS, LLC, an Arizona limited liability company, ("Assignor' or "Meritage"), to and in favor of TRI POINTE HOMES TEXAS,INC.,a Texas corporation,formerly known as Trendmaker Homes, Inc., a Texas corporation ("Assignee" or "Tri Pointe"), effective as of the day of 2021(the"Effective Date"). WITNESSETH: A. The CITY OF ROUND ROCK, TEXAS, a home-rule city located in Williamson County,Texas(the" "),and CRESSMAN ENTERPRISES,LP,a Texas limited partnership, KATHRYN A. CRESSMAN, and THE ESTATE OF MARVIN R. CRESSMAN, A/K/A MARVIN RICHARD CRESSMAN, DECEASED, (collectively "Cressman") as "Owner", previously entered into a Consent and Development Agreement dated effective as of May 9, 2019 (the"Agreement"),which,among other things,provides for the creation of Round Rock Municipal Utility District No. 2(the"District")and a regulatory process for the development of f 174.21 acres of land located in the City limits to be included in the District(the"Land"). B. Effective January 10,2020,Meritage and Tri Pointe entered into that certain Joint Ownership and Development Agreement (the "JODA") whereby Meritage and Tri Pointe agreed to jointly develop the Land. Memoranda of the JODA(with respect to both Phase I and Phase II (as such phases are defined below)) are recorded at Document Nos. 2020005662 and 2021oo8303, Official Public Records of Williamson County,Texas. Pursuant to the terms of the JODA, Meritage and Tri Pointe are to share in the rights, duties, and obligations with respect to the ownership and development of the Land in accordance with their respective "Percentage Interest"(as defined in the JODA)in the ownership of same. C. On or about January 15, 2020, Cressman conveyed a 69.222 acre portion of the Land("Phase I")to Meritage and Tri Pointe as co-grantees and owners of undivided interests in same by that certain special warranty deed recorded at Document No. 202000566o, Official Public Records of Williamson County, Texas (the "Phase I Deed"). Phase I is more particularly described in Exhibit"A"attached to the Phase I Deed and as"PHASE I"in Exhibit"A"attached hereto. D. Contemporaneously with the execution and delivery of the Phase I Deed,Cressman executed and delivered that certain Partial Assignment of Consent and Development Agreement to Meritage by which Cressman transferred its rights,duties,and obligations as Owner under the Agreement to Meritage with respect to Phase I only (the "Cressman/Meritage Phase I Partial Assignment"). A copy of the Cressman/Meritage Phase I Partial Assignment is attached hereto as Exhibit"B". E. On or about January 15, 2021, Cressman Enterprises, LP conveyed a 50.92 acre portion of the Land ("Phase IT') to Meritage and Tri Pointe as co-grantees and owners of undivided interests in same by that certain special warranty deed recorded at Document No. 2021oo8302, Official Public Records of Williamson County, Texas (the "Phase II Deed"). Phase II is more particularly described as "Tract I" in Exhibit"A" attached to the Phase II Deed and on Exhibit"A"and as"PHASE II"in Exhibit"A"attached hereto. F. Contemporaneously with the execution and delivery of the Phase II Deed, Cressman executed and delivered that certain Partial Assignment of Consent and Development Agreement to Meritage by which Cressman transferred its rights,duties,and obligations as Owner JW1028962.31 under the Agreement to Meritage with respect to Phase II only(the"Cressman/Meritage Phase II Partial Assignment"). A copy of the Cressman/Meritage Phase II Partial Assignment is attached hereto as Exhibit"C". G. In connection with Meritage's and Tri Pointe's shared rights, duties, and obligations with respect to the ownership and development of the Land as set forth in the JODA, Meritage desires to partially assign its interest as Owner in the Agreement with respect to Phase I and Phase II to Tri Pointe in accordance with Tri Pointe's Percentage Interest, and Tri Pointe desires to acquire the same from Meritage. H. Section 11.03(a)of the Agreement generally provides that the Agreement,and the rights of Owner thereunder, may be assigned by Owner as to all or any portion of the Land with the City's consent (the City's consent not to be unreasonably withheld or delayed) and that any such assignment must be in writing, specifically set forth the assigned rights and obligations,be executed by the proposed assignee, and be delivered to the City. Pursuant to Section 11.03(a) of the Agreement,the City expressly consented to and approved the assignment of the Agreement to Meritage provided that a copy of any such assignment is delivered to the City. NOW, THEREFORE, for and in consideration of the sum of Ten and No/ioo Dollars ($1o.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,Assignor and Assignee hereby agree as follows: 1. Partial Assignment. Assignor has ASSIGNED,TRANSFERRED,AND CONVEYED and by these premises does hereby ASSIGN,TRANSFER,AND CONVEY to Assignee a forty-seven and thirteen one-hundredths percent (47.13%) interest in and to Assignor's right, title, and interest as Owner in,to,and under the Agreement to the extent, and only to the extent,the same directly relate to or concern Phase I and Phase II (collectively,the"Assigned Rights"). All rights and obligations under the Agreement other than the Assigned Rights(collectively,the"Retained Rights") are retained by Assignor. 2. Assumption. Assignee hereby accepts the foregoing partial assignment and assumes all of the rights and obligations of Assignor as Owner with respect to the Assigned Rights arising on or after the date of this Assignment. Assignor will continue to be responsible for all of the obligations arising under or in connection with the Retained Rights. Assignee's contact information for purposes of notice under the Agreement is as follows: Tri Pointe Homes Texas, Inc. Attn:John Stanley 1364o Briarwick Dr.,Suite 170 Austin,Texas 78 729 3. Representations of Assignor. Assignor represents and warrants to Assignee: (a)that the Agreement has not been amended or modified except as described in this Partial Assignment; (b)that Assignor has all necessary right and authority to make this Partial Assignment subject to the City consent requirements under the Agreement; (c)to Assignor's current actual knowledge without inquiry or investigation there exists no default under the Agreement,nor does any fact or circumstance exist which would,with the passing of time or giving of notice, constitute a default under the Agreement; and (d)that Assignor has not alienated, assigned, pledged, transferred, or otherwise disposed of or encumbered its rights under the Agreement and that no person or entity has any right, title, or interest in, to, or under the Agreement,as the Owner thereunder other than Assignor and Cressman. {W1028962.31 2 4. Notice of"Developer"Status. Pursuant to Section 9.03 of the Agreement Meritage and Tri Pointe hereby notify the City of their intent to develop Phase I and Phase II and thus become (and will be deemed to have assumed the obligations of) a "Developer" under the Agreement with respect to Phase I and Phase II. 5. City Consent. The City hereby (i)consents to this Partial Assignment; (ii)acknowledges that a copy of the Cressman/Meritage Phase I Partial Assignment, the Cressman/Meritage Phase II Partial Assignment,and this Partial Assignment have been delivered to the City in accordance with Section 11.03(a) of the Agreement; and (iii)confirms receipt of Meritage's and Tri Pointe's notice of"Developer" status in accordance with Section 9.03 of the Agreement. 6. Binding Effect. All of the terms, provisions, covenants, and conditions set forth herein will be binding upon and will inure to the benefit of the parties hereto and their respective successors and permitted assigns. 7. Headings. The headings and captions in this Partial Assignment are for convenience only, and will not control or affect the meaning or construction of any provision of this Partial Assignment. 8. Counterparts. To facilitate execution,(a)this Partial Assignment may be executed in any number of counterparts;(b)the signature pages taken from separate individually executed counterparts of this instrument may be combined to form multiple fully executed counterparts; and (c)a signature delivered by facsimile or in another electronic format (e.g., .PDF via email) will be deemed to be an original signature for all purposes. All executed counterparts of this instrument will be deemed to be originals, and all such counterparts, when taken together, will constitute one and the same agreement. IN WITNESS WHEREOF, Assignor, Assignee, and the City have executed this Partial Assignment to be effective as of the Effective Date set forth above. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGES FOLLOW.] {Wio28962.31 3 COUNTERPART SIGNATURE PAGE TO PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT ASSIGNOR: MERITAGE HOMES OF TEXAS, LLC, an Arizona limited liability company By: Name: Title: THE STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me on the day of , 2021, by , of Meritage Homes of Texas, LLC, an Arizona limited liability company, on behalf of said limited liability company. (SEAL) Notary Public Signature {W1028962.31 4 COUNTERPART PAGE T SIGNATURE G O PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT ASSIGNEE: TRI POINTE HOMES TEXAS, INC., a Texas corporation By: Name: Title: THE STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me on the day of , 2021, by , of Tri Pointe Homes Texas, Inc., a Texas corporation,on behalf of said corporation. (SEAL) Notary Public Signature IW1028962.31 5 COUNTERPART SIGNATURE PAGE TO PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT AGREED AND CONSENTED TO BY: THE CITY: CITY OF ROUND ROCK, TEXAS By: Name: Title: THE STATE OF TEXAS § COUNTY OF WILLIAMSON § This instrument was acknowledged before me on the day of , 2021, by of the City of Round Rock,Texas, a home-rule city, on behalf of said City. (SEAL) Notary Public Signature {W1028962.3} 6 EXHIBIT"A" DESCRIPTION OF PHASE I AND PHASE II PHASE I: Page 1 of 6 ase LandSurueyots, Inc. ine a000>Iuderwn Squan U,Suks 101 .Aun*Tc w 787S7 Offrr 512.3 74.9 722 'Firm ft Wo. 10015100 I METES AND BOUNDS DESCRIPTION BEING 69.222 ACRES OF LAND, OUT OF THE WILLIS DONAHO SURVEY, ABSTRACT NUMBER 173, AND THE P.A. HOLDER SURVEY, ABSTRACT NUMBER 297, BOTH IN WILLIAMSON COUNTY, TEXAS AND BEING A PORTION OF 134.62 ACRE TRACT OF LAND CONVEYED TO CRESSMAN ENTERPRISES, L.P. BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2003063811 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, THEREIN DESIGNATED AS "TRACT 3", BEING A PORTION OF AN 81.41 ACRE TRACT OF LAND CONVEYED TO CRESSMAN ENTERPRISES L.P. BY SAID INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2003063811 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, THEREIN DESIGNATED AS"TRACT I",AND BEING A PORTION OF A 3.0 ACRE TRACT OF LAND SAVE AND EXCEPTED BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2003063811 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 3.00 ACRE TRACT BEING A PORTION OF A 37.00 ACRE TRACT OF LAND CONVEYED BY DEED OF RECORD IN VOL. 603, PG. 191 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS.; AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 1/2"rebar found in the east line of said 134.62 acre tract and being the southwest corner of Lot 13 in the Jackie Thomson Subdivision a subdivision of record in Cabinet I, Slides 94-96,of the Plat Records of Williamson County,Texas; THENCE North 88°20'50"East(record: South 89°05'30"East),along the north line of the said 81.41 acre tract and the south line of the Jackie Thomson Subdivision a distance of 326.38 feet; THENCE crossing through the 81.41 acre tract the following twenty-one(21)courses: 1. South 01039110"East a distance of 21.40 feet to a 1/2"rebar set with plastic Cap, stamped"BASELINE,INC."; 2. South 83°20'50"West a distance of 123.97 feet to a 1/2"rebar set with plastic cap, stamped"BASELINE,INC.'; 3. South 70°09'46"West a distance of 79.88 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC.'; {W1028962.3} 7 Page 2 of 6 4. South 78°05'24"West a distance of 90.38 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC.'; 5. South 83025'46"West a distance of 90.00 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC.'; 6. South 06°39'10"East a distance of 170.13 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC.'; 7. South 83°20'50"West a distance of 21.62 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC.'; 8. South 06'39'10"East a distance of 159.28 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC.'; 9. South 76053137"West a distance of 159.64 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC.'; 10.South 20°4729"East a distance of 84.12 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC.'; 11.South 34020'45"East a distance of 94.96 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."for a point of curvature; 12.Along a tangential curve to the right having a radius of 615.00 feet,a length of 12.88 feet,a delta angle of 010 12'01"and a chord which bears North 69153'29"East a distance of 12.88 feet to 1/2" rebar set with plastic cap,stamped"BASELINE, INC."for a point of tangency; 13.South 1903930"East a distance of 50.00 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC.'; 14.Along a tangential curve to the left having a radius of 565.00 feet,a length of 9.59 feet,a delta angle of 00°58'21"and a chord which bears South 70°00'20"West a distance of 9.59 feet to 1/2" rebar set with plastic cap,stamped`BASELINE,INC." for a point of tangency; 15.South 20°29'09"East a distance of 120.00 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC.'; 16. South 66041'10"West a distance of 44.01 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; 17. South 61'01'02"West a distance of 44.01 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC.'; {Wi028962.3} 8 Page 3 of 6 18.South 54906'59"West a distance of 161.19 feet to 1/2"rebar set with plastic cap, stamped`BASELINE,INC."; 19.South 36023'11"East a distance of 119.82 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC."for a point of curvature; 20. Along a non-tangential curve to the left having a radius of 20.00 feet,a length of 2.64 feet,a delta angle of 7°32'5T'and a chord which bears North 57°23'23"East a distance of 2.63 feet to 1/2" rebar set with plastic cap,stamped"BASELINE,INC."for a point of tangency; 21.THENCE South 36023'04 East,continuing through the 81.41acre tract and then crossing through a 3.0 acre tract a distance of 498.32 feet to 112"rebar set with plastic cap,stamped "BASELINE,INC."; THENCE continuing through said 81.41 acre tract of land the following nine(9)courses: 1. North 54036'48"East a distance of 143.53 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC."; 2. North 69°18'27'East a distance of 47.21 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC."; 3. North 70°24'21"East a distance of 54.09 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC."; 4. North 62°24'40"East a distance of 59.49 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC."; 5. South 30°31'46"East a distance of 361.37 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC."for a point of curvature; 6. Along a non-tangential curve to the right having a radius of 1,324.85 feet,a length of 69.78 feet, a delta angle of 03°O1'04"and a chord which bears South 52°12'03"West a distance of 69.77 feet to 1/2" rebar set with plastic cap,stamped"BASELINE,INC."for a point of tangency; 7. South 53°42'35"West a distance of 409.63 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC."for a point of curvature; 8. Along a tangential curve to the right having a radius of 999.88 feet,a length of 346.06 feet,a delta angle of 19°49'48"and a chord which bears South 63037129"West a distance of 344.33 feet to 1/2"rebar set with plastic cap,stamped"BASELINE,INC."for a point of reverse curvature; 9. Along a tangential curve to the left having a radius of 954.89 feet,a length of 370.52 feet,a delta angle of 22°13'56"and a chord which bears South 62°25'25"West a distance of 368.20 feet to 1/2"rebar set with plastic cap,stamped"BASELINE,INC."for a point of tangency in the south line of the 81.41 acre tract north line of a 4.680 acre tract of land conveyed to City of Round Rock,Texas,by instrument of record in Document No.2014027063 of the Official Public Records of Williamson County,Texas; {W1028962.3} 9 Page 4 of 6 THENCE South 87041'04"West,along the south line of the 81.41 acre tract,same being the north tine of said 4.680 acre tract,a distance of 84.11 feet to a 1/2"rebar found at the northwest corner of the 4.680 acre tract,same being an southwest comer of the 81.41 acre tract and the east line of Lot 30,Block E,Legends Village Section 2,Phase 4,a subdivision of record in Document No. 2010074432 of the Official Public Records of Williamson County,Texas; THENCE North 09158'00"East,along the west line of the 81.41 acre tract,same being the east line of Block E,Legends Village,Section 2,Phase 4,a distance of 1163.70 feet to 1/2"rebar found at the northeast comer of Block E,Legends Village,Section 2,Phase 4,and being an angle point in the west line of the 81.41 acre tract; THENCE along the north line of Legends Village,Section 2,Phase 4,same being the west tine of the 81.41 acre tract the following two(2)courses and distances: 1. North 84°21'16"West a distance of 177.68 feet(record: North 81°44'19"West a distance of 177.68 feet),to a 1/2"rebar set with plastic cap,stamped"BASELINE,INC."; 2. North 88°23'23"West a distance of 479.83 feet(record: North 85°4731"West a distance of 480.92 feet)to a 1/2"rebar found in the north line of Lot 10,Block F,Legends Village Section 2,Phase 4,and being the southeast corner of Lot 7,Block F,Legends Village Section 2,Phase 3,a subdivision of record in Document Number 2011038590 of the Official Public Records of Williamson County,Texas; THENCE North 00°53'17"East(record: North 03130'41"East),continuing along the west line of the 81.41 acre tract and the east line of said Block F,Legends Village Section 2,Phase 3,a distance of 439.27 feet(record:439.65 feet)to a 1/2"rebar found for the northwest corner of the 81.41 acre tract,being in the south line of the 134.62 acre tract,and also being the northeast comer of Lot 1,Block F,Legends Village Section 2,Phase 3; THENCE South 88°57'23"West(record: North 88°26'57"West),along the south line of the 134.62 acre tract and the north line of Block G,Legends Village Section 2,Phase 3,a distance of 600.49 feet(record:599.50 feet)to a 1/2"rebar found for the southwest corner of the 134.62 acre tract,being the northwest comer of Lot 14,Block G,Legends Village Section 2,Phase 3,and also being in the east line of a 33.302 acre tract described therein as Part 7,as conveyed to the State of Texas by deed of record in Volume 1970,Page 515 of the Official Records of Williamson County,Texas; THENCE along the west line of the 134.62 acre tract and the east line of said 33.302 acre tract the following two(2)courses: 1. North 17°20'44"East a distance of 294.02 feet(record: North 1"5'18"East a distance of 293.75 feet)to a 1/2"rebar found for a point of curvature; 2. Along a tangential curve to the left,having a radius of 2954.27 feet(record: 2954.43 feet),a length of 988.59 feet,a delta angle of 19°10'23"and a chord which bears North 09°2T49" East a distance of 983.99 feet to a 1/2"rebar set with plastic cap,stamped"BASELINE, INC."for a point of tangency; THENCE crossing through the 134.62 acre tract the following sixteen(16)courses: {W1028962.3} 10 Page 5 of 6 1. North 89°12'40"East a distance of 130.74 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC."for a point of curvature 2. Along a tangential curve to the left,having a radius of 3375.00 feet,a length of 10.25 feet,a delta angle of 00°10'26""and a chord which bears North 00052'33"West a distance of 10.25 feet to a 1/2"rebar set with plastic cap,stamped"BASELINE,INC."for a point of tangency; 3. North 8900214"East a distance of 180.71 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 4. South 02'06'14"East a distance of 17.70 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 5. North 87053'46"East a distance of 200.00 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 6. South 85010150"East a distance of 64.34 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 7. North 03020'32"East a distance of 163.66 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 8. North 61008'03"West a distance of 7.70 feet to a to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 9. Along a non-tangential curve to the left,having a radius of 60.00 feet,a delta angle of 70.80 feet,a delta angle of 67036'35",and a chord which bears North 04°5621"West a distance of 66.76 feet to a to a 1/2"rebar set with plastic cap,stamped"BASELINE,INC." 10. North 51015'22"East a distance of 16.13 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE INC."; 11. North 00045'32"West a distance of 24.17 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE INC."; 12. South 89°2336"East a distance of 259.54 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE INC."; 13. South 00°36'24"West a distance of 15.77 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 14. South 88053'36"East a distance of 326.34 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 15. North 01*3T09"East a distance of 11.90 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 16. South 88°22'44"East a distance of 195.00 feet to a 1/2"rebar set with plastic Cap,stamped "BASELINE,INC."in the east line of the 134.62 acre tract and the west line of Lot 15 in the Jackie Thomson Subdivision {Wi028962.3} 11 Page 6 of 6 THENCE along the east line of the 134.62 acre tract and the west line of the Jackie Thomson Subdivision the following two(2)courses: 1. South 019709"West a distance of 774.72 feet to a 1/2"rebar found in the east line of the 134.62 acre tract and the west fine of Lot 13 in the Jackie Thomson Subdivision; 2. South 01°43'24"West a distance of 159.55 feet to the POINT OF BEGINNING. This tract contains 69.222 acres of land,more or less,out of the P.A.Holder Survey Abstract Number 297 and the Willis Donaho Survey,Abstract Number 173,both in Williamson County, Texas. Bearing Basis:Texas State Plate Coordinates,Central Zone,NAD 83196CORS. tE•OP gar•a1 ROt3ERT QLEN NALOY :4p 6028 v tBUR�y� .Pe6a rt y 01107/202-0 Robert en Maloy Date Registered Professional Land Surveyor State of Texas No.6028 Fde: SAProjectslCressman RanchlDocslFeld Notes\Cressman Ranch Homestead Phase 1&2 Title M&B_fn.doc {W1028962.3} 12 PHASE II: S LANDESIGN* SERVICES, INC. 10090 W Highway 29 I Liberty Hill,Texas 78642 TBPELS Firm No. 10001800 512-238-7901 office EXHIBIT METES AND BOUNDS DESCRIPTION BEING 50.92 ACRES OF LAND SURVEYED BY LANDESIGN SERVICES INC. SITUATED IN THE WILLIS DONAHO JR SURVEY ABSTRACT NO. 173 IN WILLIAMSON COUNTY, TEXAS AND BEING A PORTION OF A CALLED 134.62 ACRE TRACT OF LAND DESCRIBED AS TRACT 3, IN A WARRANTY DEED TO CRESSMAN ENTERPRISES, L.P., AS RECORDED IN DOCUMENT NO.2003063811,OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS (O.P.R.W.C.T.), AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 1/2-inch rebar with cap stamped"LSI SURVEY" set in the East line of said 134.62 acre tract and the West line of Lot 21,JACKIE THOMISON SUBDIVISION,recorded in Cabinet I,Slide 94-96 of the Plat Records of Williamson County,Texas(P.R.W.C.T.),from which a 1/2-inch rebar with cap stamped"LSI SURVEY"set for the Northeast corner of said 134.62 acre tract and in the West line of Lot 30,said JACKIE THOMISON SUBDIVISION,also being in the existing South right-of-way line of County Road 113 (Old Settlers Boulevard—R.O.W Varies), bears North 12'11'04"West a distance of 1521.24 feet; THENCE with the East line of said 134.62 acre tract and the West line of said JACKIE THOMISON SUBDIVSION,the following two(2)courses and distances: 1. South 12011'04"East a distance of 763.38 feet to 1/4-inch rebar found for the Southwest corner of Lot 19 and the Northwest corner of Lot 18, said JACKIE THOMISON SUBDIVSION;and 2. South 01°37'09"West a distance of 961.62 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set,in the East line of said 134.62 acre tract and the West line of Lot 15,said JACKIE THOMISON SUBDIVISION; THENCE over and across said 134.62 acre tract, the following seventeen (17) courses and distances: 1. North 88*21147"West a distance of 20.00 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; 2. North 88022151"West a distance of 175.00 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; LI L:i2(N)3.3-K(C'S('ressttuut\I)L>criptions`I lontcNtc id Ph 3 I S.docs Sheet 1 013 {Wio28962.3} 13 3. South 01137'09"West a distance of 11.90 feet to 1/2-inch rebar with cap stamped "LSI SURVEY"set; 4. North 88153'36"West a distance of 32634 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; 5. North 00036'24" East a distance of 15.77 feet to 1/2-inch rebar with cap stamped "LSI SURVEY"set; 6. North 89023136"West a distance of 259.54 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; 7. South 00045'32" East a distance of 24.17 feet to 1/2-inch rebar with cap stamped ed "LSI SURVEY"set; 8. South 51°15'22"West a distance of 16.13 feet to 1/2-inch rebar with cap stamped "LSI SURVEY"set; 9. Along a curve to the Right having a radius of 60.00 feet,an arc length of 70.80 feet,a delta angle of 67036'35",and a chord which bears South 04°56'21" East a distance of 66.76 feet to a 1/2-inch rebar with cap stamped"LSI SURVEY"set; 10.South 61008'03" East a distance of 7.70 feet to 1/2-inch rebar with cap stamped "LSI SURVEY"set; 11.South 03°20'32"West a distance of 163.66 feet to 1/2-inch rebar with cap stamped "LSI SURVEY"set; 12.North 85110'50"West a distance of 64.34 feet to 1/2-inch rebar with cap stamped "LSI SURVEY"set; 13.South 87053'46"West a distance of 200.00 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; 14.North 02006114"West a distance of 17.70 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; 15.South 89002114"West a distance of 180.71 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; 16.Along a curve to the Right having a radius of 3375.00 feet,an arc length of 10.25 feet,a delta angle of 00010'26",and a chord which bears South 00°52'33" East a distance of 10.25 feet to a 1/2-inch rebar with cap stamped"LSI SURVEY"set;and LI 1.A20033-K I CS Crer..manxI)mriptions'I Iomestend Ili 3 TS.does Shut 2 of i {W1028962.3} 14 17.South 89012'40"West a distance of 130.75 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set in West line of said 134.62 acre tract and in the East line of said 33.302 acre tract; THENCE with the West line of said 134.62 acre tract and the East line of said 33.302 acre tract, the following two(2)courses and distances: 1. Along a curve to the Left having a radius of 2954.43 feet,an arc length of 133.54 feet,a delta angle of 02035'23",and a chord which bears North 01*25'03" West a distance of 133.52 feet to a 1/2-inch rebar with cap stamped"LSI SURVEY"set;and 2. North 02006'14"West a distance of 847.68 feet to 1/2-inch rebar with cap stamped"LSI SURVEY"set; THENCE over and across said 134.62 acre tract,the following two(2)courses and distances: 1. North 23043'57"East a distance of 893.69 feet to 1/2-inch rebar with cap stamped"LS1 SURVEY"set; 2. North 80008157" East a distance of 920.46 feet to the POINT OF BEGINNING and containing 50.92 acres of land,more or less. This project is referenced for all bearing and coordinate basis to the Texas State Plane Coordinate System,North American Datum of 1983(NAD83—2011 Adjustment),Central Zone(4203). Distances and areas shown hereon are grid values represented in U.S.Survey Feet. This property description was prepared from an on-the-ground survey performed under my supervision and is accompanied by a separate plat of even date. tE OF.TE �'�P::G'�S TEq qs PE � Fa K Q� oe TRAVI..S.TABOR Travis S. abo .................................... Registered Professional Land Surveyor :90 sa28 1-�; State of Texas No.6428 "o SURVE'cP Job Number:20-033 Attachments:I.A20033-KTCS Cressman\CAD\DWGs\homestead Ph 3.dwg LI \2(Xt33-K I(S(ressnuwI)cscription.\I lomestcad Ili 3 I S.doc\ Sheet 1,43 {W1028962.3} 15 EXHIBIT"B" CRESSMAN/MERITAGE PHASE I PARTIAL ASSIGNMENT [attached] {W1028962.3} 16 PARTIAL.ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT This PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT(this"PPQrr' ssi met!")is executed by CRESSMA.N ENTERPRISES,LP, a Texas limited partnership, KATHRYN A.CRESSMAN,and THE ESTATE OF MARVIN R. CRESSMAN, A/K/A MARVIN RICHARD CRESSMAN, DECEASED, (collectively 'Assignor" or " ssm i"), to and in favor of MERITAGE HOMES OF TEXAS,�, an Arizona limited liability company ("Asst'ynee" or " er' "), effective as of the ��7 day of 75C 2020(the-kAxtive are"). WITNESSETH: A. The City of Round Rock,Texas, a home-rule city located in Williamson County, Texas(the"""),and Cressman previously entered into a Consent and Development Agreement dated effective as of May q,2019(the"Ayreement"),which,among other things,provides for the creation of Round Rock Municipal Utility District No.2(the"District' and a regulatory process for the development of 1174.21 acres of land located in the City limits to be included in the District (the"!.and"). A copy of the Agreement is attached hereto as Exhibit A. B. Contemporaneously with the execution and delivery of this Partial Assignment by Assignor and Assignee, Assignor is conveying to Assignee the portion of the Land more fully described on the attached Exhibit ("Phase t"),and,in connection therewith,Assignor desires to partially assign its interest in the Agreement with respect to Phase i to Assignee,and Assignee desires to acquire the same from Assignor. C. The Agreement generally provides that the Agreement,and the rights of Assignor thereunder, may be assigned by Assignor as to all or any portion of the Land with the City's consent. However,pursuant to Section 11.03(a)of the Agreement,the City expressly consented to and approved the assignment of the Agreement to Meritage. Section ii.03(a)further provides that no further consent to an assignment of the Agreement to Meritage will be necessary but requires that a copy of such assignment must be delivered to the City. NOW,THEREFORE,for and in consideration of the sum of Ten and No/too Dollars ($io.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,Assignor and Assignee hereby agree as follows: 1. brtjal Assignment. Assignor has ASSIGNED,TRANSFERRED,AND CONVEYED and by these premises does hereby ASSIGN, TRANSFER, AND CONVEY to Assignee all of Assignor's right,title,and interest in,to,and under the Agreement to the extent,and only to the extent, the same directly relate to or concern Phase i (collectively, the"Assigned Rights"). All rights and obligations under the Agreement other than the Assigned Rights (collectively, the "Retained Rights")are retained by Assignor. 2. Assumption. Assignee hereby accepts the foregoing partial assignment and assumes all of the rights and obligations of Assignor with respect to the Assigned Rights arising on or after the date of this Assignment. Assignor will continue to be responsible for all of the obligations arising under or in connection with the Retained Rights. Assignee's contact information for purposes of notice under the Agreement is as follows: W0944730-21 {W1028962.3} 17 Meritage Homes of Texas,LLC Attn: Elliott Jones 8920 Business Park Drive,Suite 350 Austin,Texas 78759 3. Representations of Assignor. Assignor represents and warrants to Assignee: (a)that Agreement has not been amended or modified except as described in this Partial Assignment; (b)that Assignor has all necessary right and authority to make this Partial Assignment; (c)to Assignor's current actual knowledge without inquiry or investigation there exists no default under the Agreement,nor does any fact or circumstance exist which would,with the passing of time or giving of notice, constitute a default under the Agreement; and (d)that Assignor has not alienated, assigned, pledged, transferred, or othenise disposed of or encumbered its rights under the Agreement and that no person or entity other than Assignor has any right,title,or interest in,to,or under the Agreement,as the Owner thereunder. 4• Delivery to City. Pursuant to 11.03(a) of the Agreement,Assignor and Assignee agree that a copy of this Partial Assignment will be delivered to the City. 5• Bi ng Effect. All of the terms, provisions,covenants,and conditions set forth herein will be binding upon and will inure to the benefit of the parties hereto and their respective successors and permitted assigns. 6. Headings. The headings and captions in this Partial Assignment are for convenience only,and will not control or affect the meaning or construction of any provision of this Partial Assignment. 7• C9.unteCRri . To facilitate execution,(a)this Partial Assignment may be executed in any number of counterparts;(b)the signature pages taken from separate individually executed counterparts of this instrument may be combined to form multiple fully executed counterparts; and(c)a signature delivered by facsimile or in another electronic format(e.g., .PDF via email) will be deemed to be an original signature for all purposes. All executed counterparts of this instrument will be deemed to be originals, and all such counterparts, when taken together, will constitute one and the same agreement. IN WITNESS WHEREOF,Assignor and Assignee have executed this Partial Assignment to be effective as of the Effective Date set forth above. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGES FOLLOW.) {Wo944730.2) 2 {W1028962.3} 18 COUNTERPART SIGNATURE PAGE TO PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT ASSIGNOR: CRESSMAN ENTERPRISES,LP,a Texas limited partnership By: Cressma En rises GP, LLC, a Texas limited h ility pany,its General Partner By: ott Cressman,Managing Member KATH C MAN tt M.Cressman,Agent(Attomey-in-Fact) THE ESTATE OF R. CRESSMAN, A/K/A VIN HARD CRESSMAN, DE { Scott mark Cressman,Independent Executor of the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressman,Deceased [Notary Acknowledgments for Assignor on Following Page] (WO%4730.2) 3 {W1028962.3} 19 THESTATEOFTEXAS § COUNTY OF 14h w§ § This instrument was acknowledged before me on the L day o�, __ ,2020,by Scott Cressman, Managing Member of Cressman Enterprises GP, LL.C, a TQ limited liability company,General Partner of Cressman Enterprises,LP,a Texas limited partnership,on behalf of said limited liability com� and limited partnership. .� (SEAL) Notary Public Signature THE STATE OF TEXAS § COUNTY OF ,/' 'gbr,---§ § This instrument was acknowledged before me on the,�J day of 2020,by Scott M. Cressman, Agent (Attorney-in-Fact) of Kathryn A. Cressman, on be if of Kathryn A Cressman. m+�4 ,00 (SEAL) Notary Public Signature '��4111N1U�� THE STATE OF TEXAS § § COUNTY OF AMA§ This instrument was acknowledged before me on the/SJ day othr�__.,2020,by Scott Mark Cressman, Independent Executor of the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressman, Deceased, on behalf of the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressman,Deceased. (SEAL) r°Pi' *i Notary Public Signature (Wo944730.2} 4 1WI028962.31 20 GOITNUWARTSIGNATITRE PAGE TO PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT ASSIGNEE- MERrrAGE HOMES OF TEXAS, LLC, a Arizona limited ny gy. /1/ Name• L.Uiu—w�. aaf'�'Etr' Title: 0WRTa 1WT. THE STATE OF ItyA5 § COUNTY OF --LCti . S § This instrument was acknowledged before me on the day of Ski n„n vi4 , 2020, by 14 14 4m �� 1AAAr— of Meritage Homes of Texas, LLC,an Arizona limited liability company, on behalf of said limited liability company. lcr (SEAL) Notary PuNic Signature EUZABEt, MA,tE r': RsNotary�oOLC.$la:e it Togas Pq Comm Expnta 07•20 204I W Notary 10 1315W319 {Wo944730.2} rJ {W1028962.3} 21 EXH[BIT A CONSENT AND DEVEIAPMENTAGRF,EMENT (Wo944730.2} 6 {W1028962.3} 22 THE STATE OF TEXAS ' COUNTY OF 1RAVIS ' COUNTY OF WILLIAMSON ' CITY OF ROUND ROCK • I,SARA L. WHITE,City Clerk of the City of Round Rock,Texas,do hereby certify that I am the custodian of the public records maintained by the City of Round Rock, Texas. The attached foregoing 39 pages are true and correct copies of the Consent and Development Agreement between the City of Round Rock,Cressman Enterprises,LP,et al.and the Round Rock Municipal Utility District No. 2,dated May 9, 2019,regarding the development of 174.10 acres of land. CERTIFIED by my hand and seal of the City of Round Rock, Texas on this 10°i day of May 2019. VXM LAM SARA L. WHITE,TRMC CITY CLERK Y y JW1028962.31 23 CONSENT AND DEVELOPMENT AGREEMENT AMONG CITY OF ROUND ROCK,TEXAS; CRESSMAN ENTERPRISES,LP,KATHRYN A.CRESSMAN,AND THE ESTATE OF MARVIN R.CRESSMAN,A/K/A MARVIN RICHARD CRESSMAN, DECEASED; AND ROUND ROCK MUNICIPAL UTILITY DISTRICT NO.2 (W0881151.14) W088115I.WCX {W1028962.3} 24 CONSENT AND DEVELOPMENT AGREEMENT This CONSENT AND DEVELOPMENT AGREEMENT(this"Agreemen_t")is by the City of Round Rock,Texas, a home-rule city located in Williamson County, Texas(the"Cy"),and Cressman Enterprises,LP,Kathryn A.Cressman,and the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressman, Deceased (collectively, the "Owng£"). Subsequent to its creation, Round Municipal Utility District No.2, a proposed municipal utility district to be created pursuant to Article XVI,Section 59 of the Texas Constitution and Chapters 49 and 54,Texas Water Code as contemplated by this Agreement(the"District'),will become a party to this Agreement. The City,the Owner,and the District are sometimes referred to herein as a"EqM"and collectively as the"Parties". RECITALS WHEREAS,the Owner owns approximately 174.21 acres of land located entirely within the corporate boundaries of the City(the"hgnd");and "ERAS, the Land is more particularly described by metes and bounds on the attached Exhibit A and its boundaries are depicted on the concept plan attached as Exh1 it B(the"Concej2(P_[(Ln_");and WHEREAS, the Owner intends that the land will be developed in phases as a master-planned,residential community that will include park and recreational facilities to serve the Land;and WHEREAS,the Owner and the City wish to enter into this Agreement to encourage innovative and comprehensive master-planning of the Land, provide certainty of regulatory requirements throughout the term of this Agreement, and result in a high- quality development for the benefit of the present and future residents of the City and the Land;and WHEREAS,the Owner has proposed to create the District over the Land pursuant to an application to be filed with and processed through the TCEQ (as defined in ARTICLE 1 below)and has presented the City with a petition requesting the City's consent to the creation of the District;and WHEREAS,the purposes of the proposed District include designing,constructing, acquiring,installing,financing,and conveying to the City water,wastewater,and drainage utilities (including capacity or contract rights to capacity therein), roads and improvements in aid of roads, park and recreational facilities, and other public improvements as authorized by the Texas Constitution and Texas Water Code to serve the area within its boundaries(collectively,the"District Improvements");and WHEREAS, construction of the District Improvements will occur in phases (as determined by the District and the Developer(s)(as defined herein))in accordance with this Agreement;the applicable ordinances of the City;Chapters 49 and 54,Texas Water I Won 1151,1y {w0�881*1341 1 {W1028962.3} 25 Code, as amended; the rules and regulations of the TCEQ, as amended; and applicable state and federal regulations(collectively,the"Applicable Reoulatiolu");and WHEREAS,the City and the Owner intend that the Reimbursable Costs(as defined in ARTICLE I below)of the District Improvements will be paid from the net proceeds of bonds issued by the District (or surplus funds of the District) in accordance with this Agreement, the applicable rules and regulations of the TCEQ, as amended, and the applicable requirements of the Texas Attorney General's Office,as amended;and WHEREAS,the District is authorised to enter into this Agreement pursuant to the provisions of Texas law, including but not limited to, Chapters 49 and 54, Texas Water Code, as amended; Chapter 791, Texas Government Code, as amended; and Section 552.014,Texas Local Government Code,as amended;and WHEREAS,the City is a municipal corporation operating under a home-rule City Charter adopted under the laws of the State of Texas and pursuant to which the City has the authority to enter into and perform its obligations under this Agreement including, but not limited to,the ownership and operation of the District Improvements; NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,including the agreements set forth below, the Parties contract as follows: ARTICLE I DEFINITIONS Section 1.01. Definitions. In addition to the terms defined elsewhere in this Agreement or in the City's ordinances,the following terms and phrases used in this Agreement will have the meanings set out below: Applicable Rules means the City's rules, ordinances, and regulations in effect as of the Effective Date of this Agreement, as amended by: (i) any amendments authorized by Chapter 245,Texas Local Government Code; (ii)any approvals, variances, waivers, and exceptions to such rules that are approved by the City;and(iii)any additional restrictions or regulations agreed to by Developer in writing. Agreement means this Consent and Development Agreement among the Parties. Bonds means bonds, notes, or other obligations or indebtedness issued or incurred by the District under the District's borrowing power. CC& means the City of Round Rock, "Texas, a home-rule city located in Williamson County,Texas. CitkObjection is defined in Section 7.o2(b). City Manager means the City Manager of the City. (wnas i 151 141 iwoe81151.141 2 {W1028962.3} 26 Commission or TCEO means the Texas Commission on Environmental Quality or its successor agency. Concept Plan means the concept plan for the Land attached as Exhibit B, as amended from time to time in accordance with this Agreement. Cou ty means Williamson County,Texas. Developer means the Owner, or any successor or permitted assign of the Owner,that notifies the City of its intent to develop all or any portion of the Land under Section Q.o�below. Distri means Round Rock Municipal Utility District No.2, a political subdivision of the State of Texas to he created over the Land,with the consent of the City,as provided in this Agreement. District Improvements means the water,wastewater,and drainage utilities (including capacity or contract rights to capacity therein),roads and improvements in aid of roads,park and recreational facilities,and other public improvements,as authorized by the Texas Constitution and Texas Water Code, to serve the area within the District boundaries. Effective Date of this Agreement means the 9`h day of May,2019. LMd means approximately 174.21 acres of land located in the City limits,as described by metes and bounds on Exhibit A. Owner means, collectively, Cressman Enterprises, LP; Kathryn A. Cressman; and the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressman,Deceased,or their successors and assigns under this Agreement. ReimbuMgble Costs means all costs of the District Improvements(including land and easements costs) that are eligible for reimbursement from the net proceeds of Bonds issued in accordance with this Agreement and, as applicable, the rules and regulations of the TCEQ,as amended. Road�P cts means any road projects or improvements in aid of such road projects that the District is authorized to undertake pursuant to Article III, Section 52 and Article XVI,Section 5q of the Texas Constitution,as amended,and Chapters 49 and 54,Texas Water Code,as amended,or otherwise pursuant to any authority granted to the District by special act of the Texas Legislature. ARTICLE II CREATION OF DISTRICT AND EXECUTION OF AGREEMENTS Section 2.01. Consent to Creation of District. The City acknowledges receipt of the Owner's request,in accordance with Section 54.ot6,Texas Water Code,and Section 42.042,Texas Local Government Code,for creation of the District over the Land. On the Effective Date of this Agreement,the City has approved the resolution attached as 1WO991151.14) M0881151.14) 3 IW1028962.31 27 Exhibit consenting to the inclusion of the Land within the District (the "Consent Resolution"), The City agrees that the Consent Resolution will constitute and evidence the City's consent to the creation of the District within the City's corporate limits in accordance with Section 54.ot6, Texas Water Code, and Section 42.042, Texas Local Government Code,and that no further consent will be required on the part of the City to evidence the City's consent to the creation of the District. Section 2.02. District Execution of AMement. The Owner shall cause the District to approve,execute,and deliver to the City this Agreement within thirty(30) days after the date the District's Board of Directors holds its organizational meeting. If the District fails to do so within such 30-day period,then(after notice and opportunity to cure)the City may terminate this Agreement and may repeal the Consent Resolution. Section 2.wn. District Bonds. If the District fails to approve,execute,and deliver this Agreement to the City as required by Section 2,02, and if the City does not terminate this Agreement,such failure shall operate to prohibit the District from taking any actions to issue Bonds until the failure has been cured. The City shall have the right to enjoin the issuance of Bonds during any period in which such a material breach exists. Section a.oa. Reimbursement AgreemmU. If the District fails to approve,execute,and deliver this Agreement to the City as required by Section 2.02 and if the City has not terminated this Agreement,such failure shall operate to prohibit the Owner or any Developer of the Land from entering into any reimbursement agreements with the District until the failure has been cured. The City shall have the right to enjoin the execution of such reimbursement agreements during any period in which such a material breach exists. Section 2.os. Intent of Parties Related to Allocation Agreement. Under Section 54.o16(f),Texas Water Code,the City,as a City providing written consent for inclusion of land in a district,may provide for a contract designated as an"allocation agreement",to be entered into between the City and the District. The Parties acknowledge that the provision for an"allocation agreement" under Section 54.oi6(f) is at the City's discretion. The City confirms that it is intentionally not providing for an allocation agreement. The Parties agree that this Agreement does not constitute and will not be deemed to constitute an allocation agreement within the meaning of Section 54.oi6(f). ARTICLE III WATER AND WASTEWATER SERVICE 4Sgetion n.oi. City Retail Water and Wastewater Service. Retail water supply and wastewater collection and treatment services will be provided by the City. The water distribution and wastewater collection systems within the District shall be owned by the City. The City will provide water and wastewater service to customers within the District in the same manner and on the same terms and conditions as the City provides service to other retail customers inside its corporate limits. The City's standard water and wastewater rates, charges, and other fees, including engineering review and inspection fees,that are applicable to other areas within the City's corporate limits will be applicable to facilities constructed,connections made,and services provided within the District. The City agrees and commits to provide water and wastewater service sufficient (WO881151.14) {w0881251.14} 4 JW1028962.31 28 for the full build-out of the District at flow rates and pressures (including fire flows) sufficient to meet the minimum requirements of the Applicable Regulations,and agrees to provide written confirmation of the availability of service upon the District's request if required in connection with any District Bond sale. ARTICLE IV ROADWAY IMPROVEMENTS Section d.o><. Right of WaY Dedications. The City has previously acquired right-of-way through the Land for the extension of Kenny Fort Boulevard but desires to realign Kenny Fort Boulevard as generally depicted on Exhibit D. The Owner will convey by warranty deed,at no cost to the City,i00%of the right-of-way required for such realignment within the Land,but reserves the right to seek reimbursement for such right-of-way from the District in accordance with this Agreement. The Parties acknowledge that the final location of the roadways within the Land may be subject to minor changes from those shown on the Concept Plan based on the final right-of-way alignment of Kenny Fort Boulevard. Section d.o2. Road Construction. The City agrees that it will be responsible for the design of Kenny Fort Boulevard and paying the cost for same. The Owner agrees that it will contribute to the cost of extending Kenny Fort Boulevard through the Land up to a maximum of$1,775,794(the"Road Contribution Cav")either (a)by constructing a portion of such extension (such portion to be determined in connection with approval of the preliminary plan for the Land) in accordance with the City-approved design,in which event the City will be responsible for any costs in excess of the Road Contribution Cap;or(b)by paying the City's applicable road/traffic impact fees for development within the Land in accordance with the Applicable Rules up to the Road Contribution Cap. The Owner reserves the right to seek reimbursement for such costs from the District. For the avoidance of doubt,(i)if the Owner elects to construct a portion of Kenny Fort Boulevard pursuant to clause(a)above,no road/traffic impact fees will be payable with respect to the Land; and (ii)if the Owner elects to pay the City's applicable road/traffic impact fees for development within the Land pursuant to clause (b) above, the Owner will not be required to construct any portion of Kenny Fort Boulevard. Whether the Owner elects either (a) or (b) above, the Owner shall not be obligated to obtain a Traffic Impact Analysis. ARTICLE V PARK AND RECREATTONAL AMENITIES Section s.o><. )Parkland. The Owner agrees that the park and open space land depicted in green on Exhibit D (the "Park Land") will be conveyed to the City, subject to the right to seek reimbursement for costs of the Park land from the District in accordance with this Agreement. The City agrees that conveyance of the Park Land to the City will constitute full satisfaction of the City's parkland dedication requirements for the Land. Any trails within the Park Land will be constructed in accordance with the City's standards under the Applicable Rules and shall be open to the public. The City will accept the conveyance of the Park Land, including any trails thereon, and will operate and maintain the Park Land as part of the City's park system. {W0881151.14) {Wo881151.11} 5 {W>028962.3} 29 ARTICLE VI DESIGN,FINANCING,CONSTRUCTION,CONVEYANCE, OWNERSHIP,OPERATION,AND MAINTENANCE OF DISTRICT IMPROVEMENTS Section 6.o1. Design.Financing.and Construction. Unless otherwise specifically provided in this Agreement,the Developer will design,finance,construct,and convey to the City on behalf of the District all District Improvements at no cost to the City. All construction will be bid in accordance with the requirements applicable to the District under the rules of the TCEQ and Chapters 49 and 54,Texas Water Code. All District Improvements will be designed and constructed in accordance with the Applicable Rules and the regulations of any other governmental entities with jurisdiction and pursuant to plans and specifications approved by the City. Unless the Developer's service requirements for the Land change or the Parties otherwise agree,the City will not require that the Developer or the District oversize,finance,or construct any utility,park,or road improvements to serve property other than the Land. Section 6.oz. Conveyance, Ownership. Operation, and Maintenance. Upon completion of construction of each phase of the District Improvements: (i)the City will accept such improvements for operation and maintenance in accordance with the Applicable Rules; and (b)the Developer will promptly convey those facilities to the City,subject to(i)the City's obligation to provide service to the District as provided in this Agreement,(ii)a reservation of all capacity in those facilities for the benefit of the District, and (iii)the Developer's right, if any, to reimbursement from the District for the cost of those improvements in accordance with the rules of the Commission. The Developer will also assign all contract rights, warranties, guarantees, assurances of performance, and bonds related to the facilities conveyed to the City. The City agrees that its acceptance of facilities and the related assignments will not be unreasonably withheld,conditioned,or delayed. Upon any such conveyance and acceptance,the City agrees to operate and maintain such improvements in good condition and working order and to provide service to the District in accordance with this Agreement. Conveyance will not affect the Developer's right to reimbursement from the District for the cost of any facilities. Nothing herein will prevent the City from using District Improvements to serve customers outside of the District provided that there is sufficient capacity reserved to serve the residents and property owners within the District as and when required by development within the Land. ARTICLE VII AUTHORITY TO ISSUE BONDS Section 7.oi. Authority to Issue Bonds. The District may issue Bonds only as permitted by this Agreement. The District may reimburse a Developer for expenditures authorized by Commission rules and regulations and this Agreement; however, the purposes for which the District may issue Bonds are restricted to: (a) The purchase, construction, acquisition, repair, extension, and improvement of land,easements,works,improvements,facilities,plants,equipment,and appliances (including capacity or contract rights to capacity in any of the foregoing) (W0E81151,14) (Wa88 us1.14) 6 {W1028962.3} 30 necessary to: (1) Provide a water supply for municipal uses, domestic uses, and commercial purposes; (2) Collect, transport, process, dispose of, and control all domestic, industrial,or communal wastes whether in fluid,solid,or composite state(other than solid waste,as defined in the Applicable Rules); (3) Gather,conduct,divert,and control local storm water or other local harmful excesses of water; (4) Design,acquire,construct,and finance Road Projects;and (5) Develop and maintain park and recreational facilities,subject to the applicable limitations of Section 49.461-49.466,Texas Water Code,or as permitted under Section 54.201,Texas Water Code; (b) Refunding any outstanding Bonds,provided such refunding Bonds satisfy the terms and conditions of this Agreement; (c) Paying organizational,administrative,and operating costs during creation and construction periods and interest thereon, subject to the applicable limitations of Section 49.155,Texas Water Code;and (d) Paying other expenses authorized by Section 49.155,Texas Water Code. Section Zo2. CQy Submittals:Obiections. (a) The District agrees to give written notice to the City of its intention to issue Bonds as follows: (t) If the District intends to issue Bonds that require TCEQ approval,the District will provide notice of same to the City Manager and City Attorney concurrently with the District's submittal of each application to the TCEQ for approval of issuance of Bonds,which notice shall include: A. A copy of the District's application to the TCEQ,including the amount of Bonds proposed for issuance, a general description of the projects to be funded by the Bonds,the engineering report,the projected debt service schedule,the projected District debt service tax rate after the closing date of the Bonds, and the projected final maturity date of the Bonds; B. Written certification by the District's financial advisor that the Bonds,when issued,will meet the existing economic feasibility guidelines established by TCEQ for districts issuing bonds in Williamson County;and C. Written certification by the District that the District is in compliance in all material respects with the terms and conditions of this (WORK 115 1.14 tWo881151.141 7 IW1028962.31 31 Agreement. (2) if the District intends to issue Bonds that do not require TCEQ approval (e.g., Bonds for Road Projects or refunding Bonds), the District will provide notice of same to the City Manager and City Attorney at least thirty(30) days prior to pricing of the Bonds,which notice shall include: A. The amount of Bonds proposed for issuance, a general description of the projects to be funded by the Bonds or Bonds to be refunded by such Bonds, the engineering report (if applicable), the projected debt service schedule,the projected District debt service tax rate after the closing date of the Bonds,and the projected final maturity date of the Bonds. B. Written certification by the District's financial advisor that the Bonds,when issued,will meet the existing economic feasibility guidelines established by TCEQ for districts issuing bonds in Williamson County;and C. Written certification by the District that the District is in compliance in all material respects with the terms and conditions of this Agreement. (3) Within five (5) days after pricing of any Bonds and no less than fourteen(14)days before the closing date of such Bonds,the District shall provide the City with the following information: A. If TCEQ approval is required, a copy of the TCEQ order approving the Bonds; B. A description of the District Improvements to be funded by the Bonds,if applicable; C. The amount of Bonds being proposed for issuance; D. A debt service schedule for the Bonds; E. The proposed District debt service tax rate after the closing date of the Bonds; F. A savings schedule for any refunding Bonds;and G. Written certification by the District that the District is in compliance in all material respects with the conditions set forth in this Agreement, including without limitation the information necessary to evidence compliance with the requirements of Section v.oa. (b) The City may object to a Bond application or to the issuance of a series of Bonds for the reason that a Developer or the District is in default of any provision of this Agreement. if the City objects to a Bond application or issuance due to such a default(a "City Obiection"), the City shall have a period of thirty (3o) days after receiving the ;WOtu 151.14) rWo881151.141 8 Wi 2 2. f 0 896 3} 2 3 information required by Sections 7.o2(a)(J or 7.o2(a)(2).as applicable,and a period of ten(io)days after receiving the information required by Section v.os(a)(n)within which to notify the District of the City Objection. If the City timely objects to a Bond application or issuance due to such a default,the Bond application and issuance will be delayed until such time as the default is cured. If the City fails to object to a Bond application or issuance within such periods specified herein,the City shall be deemed to have waived all objections. If the City objects to a Bond application or issuance,such City Objection must: (a)be in writing;(b)be given to the District;(c)be signed by the City Manager or the City Manager's designee; and(d)specifically identify the applicable provision of the Consent Ordinance or this Agreement as to which the District or the Developer is in default. If a City Objection is timely given to the District with respect to a specific Bond application or issuance of Bonds,the City and the District shall cooperate to resolve the City Objection within a reasonable time,and the Bond application or issuance of Bonds to which the City Objection applies shall be delayed until the City Objection has been cured or waived by written agreement. (c) Within thirty (3o) days after the closing date of a series of Bonds, the District shall deliver to the City Manager a copy of the final official statement for such series of Bonds and a copy of any report on reimbursable costs required by the rules of the TCEQ. The District shall send a copy of any material event notices filed under applicable federal securities laws or regulations to the City Manager within thirty(30) days after filing such notices with the applicable federal agency. If the City requests any additional information regarding any issue of District Bonds, the District will promptly provide any such information to the City. Section 7.02. Bond Limit Amount. The total amount of Bonds issued by the District,excluding refunding Bonds, shall not exceed $14,100,000 unless approved by the City. Section 7.od. Teams and Conditions of Bonds. (a) Bonds, including refunding Bonds, issued by the District shall, unless otherwise agreed to by the City,comply with the following requirements: (i) No individual series of Bonds will be issued with a term which exceeds 25 years from the closing date of such series of Bonds; (2) The Bonds(other than refunding Bonds and Bonds sold to a federal or state agency)shall only be sold after the taking of public bids therefor(unless current law changes to permit otherwise),and no Bonds shall be sold for less than ninety-seven percent(97%)of par,provided that the net effective interest rate on Bonds so sold,taking into account any discount or premium as well as the interest rate borne by such Bonds,shall not exceed 2%above the highest average interest rate reported by the Daily Bond Buyer in its weekly"2o Bond Index"during the 3o-day period next preceding the date notice of the sale of the Bonds is given(or, if the Daily Bond Buyer ceases to exist,a comparable publication reporting average bond interest rates); (wObaus1.14) (wo88115Lu) 9 Wio28 62. 9 3 33 (4) The District shall reserve the right to redeem its Bonds not later than the tenth(toN)anniversary of the closing date of such Bonds,without premium; (5) No variable rate Bonds shall be issued by the District; (6) No Bonds (other than refunding Bonds) shall be issued by the District subsequent to the fifteenth(i5th)anniversary of the Effective Date of this Agreement; (7) Any refunding Bonds must provide for a minimum of three percent (3%)present value savings and, further, must provide that the latest maturity of the refunding Bonds may not extend beyond the latest maturity of the refunded Bonds;and (8) Capitalized interest shall not exceed three years interest. Section 7.o5. Notification for Bond Reviews. The District agrees to include, in each application to the TCEQ for the approval of the issuance of Bonds, the terms and conditions of ARTICLE V11 of this Agreement. The Owner and the District each agree that no Developer will be permitted to request reimbursement or authorization to reimburse any costs or expenses not authorized by this Agreement. Section 7.o6. Limit of C-ty's Liability. Unless the City dissolves the District and assumes the assets and liabilities of the District under ARTICLE V11I below, the Bonds or any other obhgations of the District shall never become an obligation of the City. The City's obligations under this Agreement shall not extend beyond its express agreements hereunder, including the obligations to operate and maintain the District Improvements after conveyance to the City and to use the District Improvements to serve the Land. ARTICLE ViII DISSOLUTION OF DISTRICT Section 8.01. Dissolution. The City may dissolve the District at any time after the District has issued Bonds to finance all Reimbursable Costs paid or incurred to construct the District Improvements that are required to serve full development of the Iand. Upon dissolution of the District,the City shall assume the indebtedness and legal obligations of the District to the extent required by law. ARTICLE IX CONCEPT PLAN AND DEVELOPMENT MATTERS Section Q.ol. Phased Development. Because it is anticipated that the Land will be developed in phases,portions of the Iand not under active development may remain in use as agricultural lands or as open space land. Section 9.02. Concept Plan. The City hereby confirms: (i)its approval of the Concept Plan,and 00 that the Concept Plan complies with the City's General Plan,as amended. The City approves the land uses, densities, exceptions, roadway alignments (W0881151 I d) {W0881151-W 10 {W1028962.3} 34 and widths,and other matters shown on the Concept Plan,and confirms that the Concept Plan has been approved by all required City departments,boards,and commissions. Section o.o�. "Developer"Status. If and as the Owner,or any successor or permitted assignee of the Owner, initiates development of all or any portion of the Land, the Owner, or the applicable successor or permitted assignee of the Owner,will notify the City in writing of such election(which notice must also describe the portion of the [and to be developed), at which time the Owner, or the applicable successor or permitted assignee of the Owner,will become(and will be deemed to have assumed the obligations of)a"Developer"under this Agreement as to the portion of the Land described in the notice. Section Q.od. Uniform and Continued Development:Vesting. The Parties intend that this Agreement authorize certain land uses and development on the land;provide for the uniform review and approval of plats and development plans for the Land; provide exceptions to certain ordinances; and provide other terms and consideration. Accordingly,the[and will be developed and the infrastructure required for the Land will be designed and constructed in accordance with the Applicable Rules, the Concept Plan, and this Agreement. Subject to the terms and conditions of this Agreement,the City confirms and agrees that the Owner and any Developer hereunder has vested authority to develop the [and in accordance with the Applicable Rules. Ordinances, rules, or regulations, or changes or modifications to the City's ordinances, rules, and regulations, adopted after the Effective Date of this Agreement will only be applicable to the extent permitted by Chapter 245,Texas Local Government Code. If there is any conflict between the Applicable Rules and the terms of this Agreement,the terms of this Agreement will control. Section o.os. Term of Approvals. Except as provided below,the Concept Plan will be effective for the term of this Agreement. Any preliminary subdivision plat or final subdivision plat that is consistent with the Concept Plan,the Applicable Rules,and State law will be effective for the term of this Agreement. The Concept Plan will be deemed to have expired if no final plat of the Land is recorded for a period of five(5)years after the Effective Date of this Agreement or five(5)years expires after the recordation of the last final plat. Section g.". Amendments to ConceRt Plan. Due to the fact that the Land comprises a significant land area and its development will occur in phases over a number of years,modifications to the Concept Plan may become desirable due to changes in market conditions or other factors. Variations of a preliminary plat or final plat from the Concept Plan that do not increase the overall density of development of the Land will not require an amendment to the Concept Plan. Minor changes to the Concept Plan, including minor modifications of street alignments; minor changes in lot lines; the designation of land for public or governmental uses;changes in lot sizes that do not result in an increase in the overall density of development of the Land(including any increase in lot sizes resulting in a decrease in the total number of lots);or any change to a public use, including, but not limited to school use, will not require an amendment to the Concept Plan or City approval. Major changes to the Concept Plan must be consistent (WO981151.14) (WoNnSm4) 11 {W>028962.3} 35 with the terms of this Agreement and will be subject to review and approval by the City, which will not be unreasonably withheld. Section a.o . Director Lots. The conveyance,from time to time,by metes and bounds or otherwise of any portion of the Land to any person for the purpose of qualifying such person to be a member of the Board of Directors of the District will not be considered a subdivision of land requiring a plat or otherwise requiring the approval of the City. Section o.o8. Other Utilities. The City will provide solid waste and recycling services within the District for the same rates,in the same manner,on the same terms and conditions,and subject to the same regulations and ordinances,as amended, that the City provides solid waste and recycling services to other customers inside its corporate limits. The District will have no liability for charges for such services except for charges for services provided to the District,if any. The Developer will have the right to select the providers of cable television,gas,telephone,telecommunications,and all other utilities and services,or to provide"bundled"utilities within the Land. ,motion Q.00. Manufactured Home for District F,lections. One (1) HUD-certified manufactured home may be located within the Land solely for the purpose of providing qualified voters within the District for the District's confirmation,director, and bond elections. The manufactured home permitted by this Agreement will not require any permit or other approval by the City and will be promptly removed when no longer needed. Section a.m. Impact Fees. Any impact fees payable to the City with respect to the Land will be paid by or on behalf of the Developer to the City in accordance with the Applicable Rules; and, in consideration of the payment of impact fees, the Developer will acquire,on behalf of the District, the guaranteed right to receive service from the City's water,wastewater,and/or roadway systems,as applicable,for the living unit equivalents of service for which impact fees have been paid. ARTICLE X AUTHORITY Section to.ol. Auth rot This Agreement is entered into, in part, under the statutory authority of Section 552.014, Texas Local Government Code, which authorizes the City to enter into a written contract with a water district created under Article XVI,Section 59 of the Texas Constitution under which the district will acquire for the benefit of and convey to the City one or more projects. ARTICLE XI TERM,ASSIGNMENT,AND REMEDIES Section it.oi. Term. The term of this Agreement shall commence on the Effective Date and(unless terminated pursuant to ARTICLE II)shall continue until the District is dissolved in accordance with ARTICLE VIII. (W0991151.14) 1W0881151.14 12 {W1028962.3} 36 SectiQn mos. Termination and Amendment by A comment. This Agreement may be terminated or amended as to all of the Land at any time by mutual written consent of the City,the Owner,and,following creation of the District,the District; may be terminated or amended only as to a portion of the land at any time by the mutual written consent of the City, the Owner of the portion of the Land affected by the amendment or termination and,following creation of the District,the District;and,after full-build out of the Land, may be terminated or amended at any time by the mutual written consent of the City and the District. Section ii.oa. Assignment. (a) This Agreement, and the rights of the Owner hereunder,may be assigned by the Owner,with the City's consent,as to all or any portion of the Land. Any assignment will be in writing,specifically set forth the assigned rights and obligations,be executed by the proposed assignee,and be delivered to the City. The City's consent to any proposed assignment will not be unreasonably withheld or delayed. The City hereby expressly consents to and approves the assignment of this Agreement to Meritage Homes of Texas, LLC and agrees that no further consent to such an assignment will be necessary;however, a copy of such assignment must be delivered to the City. (b) If the Owner assigns its rights and obligations hereunder as to a portion of the Land,then the rights and obligations of any assignee and the Owner will be severable, and the Owner will not be liable for the nonperformance of the assignee and vice versa. In the case of nonperformance by one Developer,the City may pursue all remedies against that nonperforming Developer(s), but will not impede development activities of any performing Developer as a result of that nonperformance. (c) This Agreement is not intended to be binding upon, or create any encumbrance to title as to,any ultimate consumer who purchases a fully developed and improved lot within the Land. Section it.od. Remedies. (a) If the City defaults under this Agreement,the Owner or the District may give notice setting forth the event of default("Notice")to the City. If the City fails to cure any default that can be cured by the payment of money("Monetary Default")within 45 days from the date the City receives the Notice,or fails to commence the cure of any default specified in the Notice that is not a Monetary Default within 45 days of the date of the Notice, and thereafter to diligently pursue such cure to completion, the Owner or the District may enforce this Agreement by a writ of mandamus from a Williamson County District Court or terminate this Agreement;however,any such remedy will not revoke the City's consent to the creation of the District. (b) If the Owner defaults under this Agreement,the City or the District may give Notice to the Owner. If the Owner fails to cure any Monetary Default within 45 days from the date it receives the Notice,or fails to commence the cure of any default specified in the Notice that is not a Monetary Default within 45 days of the date of the Notice,and thereafter to diligently pursue such cure to completion, the City or the District may enforce this Agreement by injunctive relief from a Williamson County District Court or �W0881151.14) {W0881151.14} 13 JW1028962.31 37 terminate this Agreement; however, except as permitted by Section 2,02, any such remedy will not revoke the City's consent to the creation of the District. (c) If the District defaults under this Agreement,the City or the Owner may give Notice to the District. If the District fails to cure any Monetary Default within 45 days from the date it receives the Notice,or fails to commence the cure of any default specified in the Notice that is not a Monetary Default within 45 days of the date of the Notice,and thereafter to diligently pursue such cure to completion,the City or the Owner may enforce this Agreement by a writ of mandamus from a Williamson County District Court or terminate this Agreement; however,any such remedy will not revoke the City's consent to the creation of the District. (d) If any Party defaults,the prevailing Party in the dispute will be entitled to recover its reasonable attorney's fees,expenses,and court costs from the non-prevailing Party. Section ii.os. Cooperation. (a) The Parties each agree to execute such further documents or instruments as maybe necessary to evidence their agreements hereunder. (b) The City agrees to cooperate with the Developer(s)in connection with any waivers or approvals that the Developer(s)may desire from Williamson County in order to avoid the duplication of facilities or services in connection with the development of the Land. (c) In the event of any third-party lawsuit or other claim relating to the validity of this Agreement or any actions taken hereunder, the Parties agree to cooperate in the defense of such suit or claim,and to use their respective best efforts to resolve the suit or claim without diminution in their respective rights and obligations under this Agreement. ARTICLE XII MISCELIANEOUS PROVISIONS Section t2.o1,. Notice. Any notice given under this Agreement must be in writing and may be given: (i)by depositing it in the United States mail,certified, with return receipt requested, addressed to the Party to be notified and with all charges prepaid; or (ii) by depositing it with Federal Express or another service guaranteeing "next day delivery',addressed to the Party to he notified and with all charges prepaid;or (iii) by personally delivering it to the Party, or any agent of the Party listed in this Agreement. Notice by United States mail will be effective on the earlier of the date of receipt or three(3)days after the date of mailing. Notice given in any other manner will be effective only when received. For purposed of notice,the addresses of the Parties will, until changed as provided below,be as follows: CITY: City of Round Rock 221 East Main Street Round Rock,Texas 78664 Attn:City Manager 1 W0881151.14} {W0881151.W 14 {W1028962.3} 38 With Required Copy to: Stephan L.Sheets Sheets&Crossfield 3o9 E.Main Street Round Rock,Texas 78664-5264 OWNER: c/o Scott Cressman 3232 Trexler Road Texarkana,Texas 75501 With Required Copy to: And Required Copy to: Meritage Homes of Texas,LLC 892o Business Park Drive,Suite 350 Austin,Texas 78759 Attn: Elliot Jones DISTRICT: John W.Bartram Armbrust&Brown,PLLC ioo Congress Avenue,Suite 1300 Austin,'l'exas 78701 The Parties may change their respective addresses to any other address within the United States of America by giving at least five days'written notice to the other party. The Owner may,by giving at least five days'written notice to the City,designate additional Parties to receive copies of notices under this Agreement. Section 12.o2. Severability. If any provision of this Agreement is illegal, invalid,or unenforceable, under present or future laws,it is the intention of the parties that the remainder of this Agreement not be affected,and,in lieu of each illegal,invalid, or unenforceable provision, that a provision be added to this Agreement which is legal, valid, and enforceable and is as similar in terms to the illegal, invalid, or enforceable provision as is possible. Section 12.os. Waiver. Any failure by a Party to insist upon strict performance by the other party of any material provision of this Agreement will not be deemed a waiver thereof or of any other provision, and such Party may at any time thereafter insist upon strict performance of any and all of the provisions of this Agreement. Section i2.oa. Applicable Law and Venue. The interpretation, performance,enforcement,and validity of this Agreement is governed by the laws of the State of Texas. Venue will be in a court of appropriate jurisdiction in Williamson County, Texas. Section 12.05. Entire Agreement. This Agreement contains the entire agreement of the Parties. There are no other agreements or promises, oral or written, (W0921151,14) {wo8e1151.141 15 {Wi028962.31 39 between the Parties regarding the subject matter of this Agreement. This Agreement supersedes all other agreements between the Parties concerning the subject matter. Section i2.ob. Exhibits,Headings,Construction,and Counterparts. All schedules and exhibits referred to in or attached to this Agreement are incorporated into and made a part of this Agreement for all purposes. The paragraph headings contained in this Agreement are for convenience only and do not enlarge or limit the scope or meaning of the paragraphs. Wherever appropriate,words of the masculine gender may include the feminine or neuter,and the singular may include the plural,and vice-versa. The Parties acknowledge that each of them has been actively and equally involved in the negotiation of this Agreement. Accordingly,the rule of construction that any ambiguities are to be resolved against the drafting party will not be employed in interpreting this Agreement or any exhibits hereto. This Agreement may be executed in any number of counterparts,each of which will be deemed to be an original,and all of which will together constitute the same instrument. This Agreement will become effective(as of the Effective Date of this Agreement) only when one or more counterparts, individually or taken together,bear the signatures of all of the Parties. Section 12.07. Time. Time is of the essence of this Agreement. In computing the number of days for purposes of this Agreement,all days will be counted, including Saturdays, Sundays, and legal holidays; however, if the final day of any time period falls on a Saturday,Sunday,or legal holiday,then the final day will be deemed to be the next day that is not a Saturday,Sunday,or legal holiday. Section 12.o& Authority for Execution. The City certifies, represents, and warrants that the execution of this Agreement has been duly authorized and adopted in conformity with its City Charter and City ordinances. The Owner hereby certifies, represents,and warrants that the execution of this Agreement has been duly authorized and adopted in conformity with the constituent documents of each person or entity executing on behalf of the Owner. Section 12.oQ Force Majeure. If,by reason of force majeure,any Party is rendered unable,in whole or in part, to carry out its obligations under this Agreement, the Party whose performance is so affected must give notice and the full particulars of such force majeure to the other Parties within a reasonable time after the occurrence of the event or cause relied upon,and the obligation of the Party giving such notice,will,to the extent it is affected by such force majeure,be suspended during the continuance of the inability but for no longer period. The Party claiming force majeure must endeavor to remove or overcome such inability with all reasonable dispatch. The term "jig mQieure"means Acts of God,strikes,lockouts,or other industrial disturbances,acts of the public enemy,orders of any kind of the government of the United States or the State of Texas, or of any court or agency of competent jurisdiction or any civil or military authority, insurrection, riots, epidemics, landslides, lightning, earthquake, fires, hurricanes, storms, floods, washouts, droughts, arrests, restraints of government and people,civil disturbances, vandalism, explosions, breakage or accidents to machinery, pipelines or canals,or inability on the part of a Party to perform due to any other causes not reasonably within the control of the Party claiming such inability. {wo$$1131-14} {W0881151.14) 16 {W1028962.3} 40 Spoon 12.1o. Interpretation. As used in this Agreement, the term "including" means "including without limitation" and the term"days" means calendar days,not business days. Wherever required by the context,the singular shall include the plural,and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. Section t2.11. No Third-Party Beneficiary. This Agreement is solely for the benefit of the Parties,and neither the City,the District,nor the Owner intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit upon or enforceable rights under this Agreement or otherwise upon anyone other than the City, the District, and the Owner(and any permitted assignee of the Owner). Section 12,12. Exhibits. The following exhibits are attached to this Agreement,and made a part hereof for all purposes: Exhibit A- Metes and Bounds Description of the land Exhibit B- Concept Plan Exhibit C- City Consent Resolution Exhibit D- Depiction of Kenny Fort Boulevard Realignment and Park Land 1N WITNESS WHEREOF, the undersigned Parties have executed this Agreement on the dates indicated below to be effective as of the Effective Date of this Agreement. (Signatures on the following pages.) (WOES Il 51.lA 1 MOSS1151.141 17 {Wio28962.3} 41 COUNTERPART SIGNATURE PAGE TO CONSENT AND DEVELOPMENT AGREEMENT CITY OF ROUND ROCK By: / _ Craig�lorga ayor Date: t �� THE STATE OF TEXAS § COUNTY OF WILLLAMSON § This instrument was acknowledged before me on a -- , 2019, by Craig Morgan,Mayor of the City of Round Rock,a home-rule city on behalf of said City. 00111141000, � • V`R �t�v w� � Notary Public Signature Seal N1111144101�� 1.-4«-("1 (W0881151-W 18 JW1028962.31 42 COUNTERPART SIGNATURE PAGE TO CONSENT AND DEVELOPMENT AGREEMENT Mug- CRESSMAN ENTERPRISES, LP, a Texas limited partnership By: Cressman Enterprises GP, LLC, a Texas limited liabili company, its General Partner By: ,a 01fii— Scott Cressman, Managing Memb Date: .r 1,h 1 KATH A CRES MAN I Scott M. Cressman, Agent (Attorney-in-� ) Date: f- ESTATE OF MARVIN R. CRESSMAN, A/K/A MARVIN RIYd C CRESSMAN, 7DE D 7C e YCJ+V/ Scott Mark Cressman, Independent Executor of the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressmanceased Date: J /k h [Notary Acknowledgments for Developer on Following Page] (wosansl 14) 19 {W1028962.3} 43 THE STATE OF TEXAS § § COUNTY OF 1( , § This instrument was acknowledged before me on the%day of 12019, by Scott Cressman,Managing Member of Cressman Enterprises GP,1.1.C,a Texas limited liability company, General Partner of Cressman Enterprises, LP, a Texas limited partnership,on behalf of said limited liability company and limited partnership. (SEAL.) y,ASEY R EDWARDS aOIARY PUBLIC-STATE O EMS No�Pulicature ID!13121536-2 W.,DCt'IIntSliDn ExDir+S 0J&2021 THE STATE OF TEXAS COUNTY OF&vm' § § This instrument was acknowledged before me on the 9)day of M 2019, by Scott M. Cressman, Agent(Attorney-in-Fact) of Kathryn A. Cressman, on half of Kathryn A.Cresslan. 1(ASEY R EDWARDS - (SF�1I.) ao7„RY PUBue-STATE OE TEXAS Notary Pub Yc Signature A 1131215*2 WV Wmm+s�i.ERim 2J-MW21 THE STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me on the a day of ,2019, by Scott Mark Cressman, Independent Executor of the Estate of Marvin R. 6essman, a/k/a Marvin Richard Cressman, Deceased, on behalf of the Estate of Marvin R. Cressman,a/k/a Marvin Richard Cressman,Deceased. KASEY:C� RDS ` l (SEAL) WTARY PUBTE Of T-:U Notary Public Signature D 0 -2 14QW) ay CGm Mi5 13J 2G 2 2 (W0881151.14) 20 {W1028962.3} 44 COUNTERPART SIGNATURE PAGE TO CONSENT AND DEVELOPMENT AGREEMENT RO ROCK MUNICIPAL UTILITY DIS N0.2 A p •L, ��� By_ 1e rra ,President S A Bo rd of Directors r• •• : Date:_February 13, 2020 THE STATE OF TEXAS § COUNTY OF WILLL4,MSON § This instrument was acknowledged before me on , 2020, by Reynold Berra . President of the Board of Directors of Round Rod Municipal Utility District No.2,on behalf of said District. CvWHtA S NoU6 Public Signature 17-31. •j<,t I T of Taxes Cw.r n.Eapax-20-2= (W0881151.14) 21 {W1028962.3} 45 EXHIBIT A Metes and Bounds Description of the land [attached] (WOSS1151.14) (wo881151-14) 22 {W1028962.3} 46 PtIgC I Ilf)") e Land_Surveyors, Inc. the 1J1 WAnder:oe squire U.smile 101 Auehn,Tzist 7$7J7 JJI.J74.9722 ftris M&10015100 METES AND BOUNDS DESCRIPTION BEING 174.21 ACRES OF LAND,OUT OF THE WILLIS DONAHO SURVEY,ABSTRACT NUMBER 173 AND THE PA HOLDER SURVEY,ABSTRACT NUMBER 297.BOTH IN WILLIAAtS(NV COtNrY, TEXAS AND BEIM COMPRISED OF THREE PARCELS: PARCEL ONE BEM 162M ACRES OF LAND AND BEING A PORTION OF 134A2 ACRE TRACT OF LAND CONVEYED TO CRESSMAN ENTERPRISES,LP.BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 20rr* I I OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY,TEXAS,THEREIN DESIGNATED AS-TRACT I",AND ALSO BEING A PORTION OF AN 81A1 ACRE TRACT OF LAND CONVEYED TO CRESSMAN FNTERPRISES L.P. BY SAID INSTRUMENT OF RECORD IN DOCUMENT NUMBER 20013063811 OF THE OFFICIAL PUBLIC RECORDS OF WBJJAMSON COUNTY,TEXAS, THPRPJN DESIGNATED AS"TRACT 1;PARCEL TWO BEING A 9.77 ACRE TRACT OF LAND OUT OF SAID 81.41 ACRE TRACT;AND PARCEL THREE BEIN0 209 ACRES Of ]AND CONVEYED TO CHESSMAN ENTERPRISES, L.P. BY SAID INSTRUMENT OF RECORD IN DOCUMENT NUMBER 7D0XWRII OF THE OFFICIAL.PUBLIC RECORDS OF WILJ.IAMSON COUNTY,TEXAS,THEREIN DESIGNATED AS"TRACT 2",AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: "PARCU I"DESCRIPTION(162.35 ACRES) BEGLNNLYG at a L;dculwed Pont to the west line of said 134 h2 act;tract,being is the east fine of a 33-M acre tract of land conveyed ur the Stele of Tcus by im(rumant(N rece:rd in Volume 1970, Page 515 of the Offk iwd Roeotds of Williamenn C:ouniv,Taos,known Iltcrein a"Part 7',from which a 1/2"tchas found in the west lime of the 134.62 acre tract atal being on the cyst line of the said 30302 eere hut,bran N(Mh(12'06'14"W eel a divan nf'335 30 Met 1.record North 02'20'05" West a divarma:mf 335.30 feet; TH134CC Nmrth W08'S7"Cast cToaaing through the 133.62,acre tract a distance of 1313.52 feet u)a eakulated point being in the e.csu line of the 134.62 acre tract and the wem lira:4 Ito 21 on the Jacloc Tlxmoison Subdivision a whchvaexu of reeurd in C abiact I, Slides 9a-96,of the Plal Records of Willnrmoe County,Texas; THENCE South 1241 1'04"East(record South 09435'Emi)along the easel lino of the 134A2 true lnuct mad the weal lit of said Jackie Thomitmuu Subdivision,a distance of 763_3H feel(record:769A6 feet)to a LT mbar fund for the southtacv tuner of Lot 19,Jackie Thumisun Subdivision,and tieing the nxthwest comer of tot is,Jackie Tfmrmisort Subdivision; THENCE along the rant line of the 134,62 acre tmtct and the wea line of the JacJeie'lNi m m Subdivision the folkwmag M'o(2)courses: 1. Soath 01`37'09"West a d istartce of 1736.34 foes(record: Satoh 04'13'13"WCN a distam a of 1736_30 led)to a I r2"rehar set with plastic Cep,damped"BASUANE,INC."; T-k!.b t-.a.. (WOU1151.14) (W0881151.14) 23 {W1028962.3} 47 Page 1 u1 12 2. South 01*43*24'West a dhoaoce of 159.55 feet(record. South 04'20'29"West a distatxo of 159.57 feet)to a 112"retie►fazed for the soutltwesi comet of LAX 13,Jackie Thomium Subdivision,and being in the north line of said 91.41-v--m tract; THIKNUE North 88'20'50"Flu(record South 89'05'30"Fast L akmg the north line of the 91,41 acre uw goal the youth line of the Jackie Thomison Subdivision,passing at a distance of 564.27 feet (record:564.63 ka)a llr rebar faced for the southeast cornet tit said Lot 13,Jackie Thosaiucea Subdivision and ibe stwlbwest curter of Lot 12,Jackie Th onisan Subdivision,and cxnninuing akmR the moth line at the 81A1 acre tract goal the south line of said Let 12,Jackie rhortuson Subdivision for a total dmumx of 1(44.14 fuel(reco4 1043.76 feel)to a Ur tebar fowl for the northeast uceoci of the 81.41 acre tract,being the southea+t corner of Lot 12,Jeocltic Thomiaat Subdivisiom arid also being the voulhwma caner of s 75.074 acre tract of land wivatted to the C'ay of Round Rack, Tcsa.%by imuni men of rcard in Document Number 2am51Jt124 of the UNA Public Reczcedko of Williamson(:ounm Tee%,and also bang the northwest corner of a 71A 10 acre tract of land convc)t d to the('try of Rmr4 Rack,Teens by inatr9tuenr of roord in Volume 1760,Page 475 of the offi—I R—th of Williamum County.Teem,and Document Number 19890%777 of the Official Record%of Williamson('aunty.Tcica%; THENCE along Ilse east line of the 61.41 acre tract and the west line of%aid 71 1lt)acre tract the following laze(4)cuursca t. South 00'34'09"Fla o disum-e of 358.63 facl(record: South 01'59'20"West a distance of 159 79 fat)to a t!2"rchm found; 2. Stwth 0(°37'36"Fast it distance of 190.30 ket(record South 0]'58'49"West a distance of 140.30 feet)to a 1/2'rebar set with plmate cup..umped"BASEUNF INC.", 3. South 00"48'29"Fast a distance of 162.53 feet(record. South 01'47'57'West a distance of 162.84 feet)to a IY2"rchar found; 4. South 00'31'14"Feu a distance of 227.30 feet(record South 01.57'5Z"West a distance of 227.30 feet W a 1,2"mbar wa with plastic cop stamped'BASF3.NE,fNC."for a point of curvature in the east line of titre 81.41 acre tract and the wctil hoe o1 a the 71.110 acre tract; TITENCE ctnaung thtnugh the MA I acre tract the f,lh-utg three 43)uwrsac I. Akmg a tangential curve to the right,bnveng a radius of I(XN 86 feet(retard: 1009.86 far), a length of 1371.47 feet(record. 1371.497feel),it Jelin angle of 77"48'044'(record: 77'48'44"1,and a chord which been South 39'I V 10"West a distance of 1265.48 feet (nerd: South 38'15'10"West a dislance of 1268 52 fay)to a 12'rcha set with plastic cap, statnped"BASFLINF.,INC South 77YN'22"War a dcsance of 349.55 feet(record.South 77'08'19"Went a d8sisfxc of 349.55 feet)to a Vr mbar set wA plastic cap,Asmpod"BASFI.NE,INC."for apoint of curvature; 3- Along a angenial curve it,the left,laving a radius of 955.1.10 fad(record:955.00 feet),a length of 430a11 tea(reaortL 43(1.81(eet),a delta angle of 25'50'47"(sauced:26'50'19"X and a chord which bears South 64'13'54"West a distance of 427.16 feet(raved: S,cot h 64'1 V 1(Y"West a distance of 427R1 feet)to a 112"rebut set with plastic cmp,skimped "BASELINE,INC E06W'A' (WM1151.14) (WO881151.14) 24 {W3028962,3} 48 Pagc 3 of 12 THENCE S till 87'40'59"Wed(record South 89"42'01"West).skutg the Saath line of the 81.41 adx tnct,a dmumx:of 83.61 fed(record.84(17 hot)to a I12 rchar found for the%outhwesx axncr of the 8141 a. tract,and being in the rant ha of lul 29.Blul E,Legends Village Section 2,Phase a;a xuhdivi iron.d rcaxd in Doewnent Number 2010074432 of the Official Public Razonk of Williamson County.fcxas; I HENCE North 0V584HY'Fast(record: North 12134'57*'1:nic along the west hne of the 9141 sae trace and the cart tint ter said Bka:k E.Legendv Village Secuon 2,Phase 4 u distant of 1163,69 f a(reaxd:1163.7f,fret)In a 112 rehar found for the northeast coma of lot SA,BkxY F�Legerak Village Section 2,Pluate 4; THF?KT axuinut akmg the west line of the 81.41 acre Irxt and Lk oonh tiro of Bkxlt E.,tegends Vdsge Sonitrn 2.PMnt 4 the tollowing rwo(2)courses: I licmh 84"21 IF Wes(a distance of 177.68 feet(recant: North 81'44'19"West a drNance t,f 177.69 feet},to a IR"mbar set with plastic c:tp,stamped"IMSUIW INC."; 2 North 88'M'ZT'Weal a disance of 479.93 feet(mwrd:North 85'4711"West a distance of 4nO.92 feet)to a 1/2"rebar found in the north line of IAA la Block B,Legends Village Set line 2,Phew 4,and lacing the uwaheam corner of Lot 7,Block G,Legends Village Section 2,Phase 3,a subdivision of record in(bcument Number 2D1103851)(1 of the official Tabus Renuds n(William nn County,Tcxw, I1ENCE North O(P5Y17"Fist(record: Ncr0103'30'41"Fast),cnottnuing along the went line of the 91.41 sett use and the wet line of s:tlrl Block 0,Legeats Village Seclion 1.Rmsc 3,a distarut of 439.27 feet(record:439.M fat)to a 112"rehar found fix the a+nhwcV a,ntcr of the 81 41 acre Iran,lacing in the north fine of the 134 62 acre(ram(,and alit being the northeast airier of la 1, Block G.lxgatds ViRsge Section 2.Phase 3; (I IE.NCF.South gr57'23'Wea(record: North 98"26'57"Wiest),altatg the south ling of de 134.62 acre into and the ramb line(it Black O,Legends Village Sa.titm 2,PhaSc 3,a d'nuanae of 600.49 fat(record.599M feet)tit a 112"rebar towel for the atrothwcnt inner 01 the I34.h2 acre tract,being the northweal txtrtter of talc 14.Block G,Legends Village Sci:tioa 2,Phase 3,and also being is the taw line of the 33.312 now"am T3IENCF along the west line at the 134.62 acre tract and(he etnt tine of the 33.302 acre tract the (dlawinR�hnm 43)courses: 1. North 17"20'44"Fist a distance of 294.02 feet(record:North 19'55'111"Fast a distance of 291.75 test)to a II2"mbar found 6x a point of curvature: 2. Aping a tangential curve to the left,having a radius of 2954.43 fax(record- 2954.43 fts(k a length of 1122.13 tea(renxd 1124.02(cell a delta angle of 21"45'42"and a chord which hears North OrIWO'f"Es+t a distance of 1115,44)feet(record: North O9*33*52"East a dxtanoe of 1117.25 W)W a la"rebut wt with pi-1,c cap,.ramped"BASELINF,IN'.' for a point of tangency; 3. North 02'(WIC West(razed-North 02"2'05'Wee),pail ing al a d swit"of 103102 fed a 1,42'son pipe found,and continuing for a tonal distance of 1599.06 feet(record: 1599.06)to a 1R'mtnr Iounl fw the POrNT OF BEGIN'N1N(i of"PARC'FI I" L C1Uh;l•\.. (Wa881131 141 {W0881 a51.141 25 {WI028962,3} 49 Page 4 of 12 This trxi comairo 162 75 aura of land,more or less,out of the P.A.Holder Survey,Mx tract Number 2Y7 in Williamon County,Tcxas. "PARCEL 2" DF..SCRIPTION(9.77 ACRES) BEGINN0s'O at a 1 R"rebw see with plastic cop stamped`HASFI INE.tNC'.'in the cast line of nls 81.41 acts trap and also being in the weal line of a 9.25.8 avt:tract of land conveyed m the City of Round Ruck,Texan by instrument of record in 13ocumcnl Numhcr 2014UM270 of the tfLcial Public Records of Williarastrs County,Tama,from which a Ij2'arbor found bean}North OU"40'22"W(at a dwunc a of 151.40 feet(record North 01"55'02"East a distance of I Si 40 feet); THENCE Sewth 00140'22"Fsa(recent: South 01'55'02"WesO,along the can hoc of the 91.41 acof trap and the west line of said 9.258 ace tract.a distance of 249.48 Itet(record:249.48 feet)to a 1/2"rehar set with plastic cop,stamped'BASEIINI�INC". THENCE South 01`24'3T'Eam(record: South 01'10'47"West),cornuwing along the east line of the 81,41 acre tract,the west lint of the 9258 ace InicL and the west lire of the remainder of a IUL 110 acre trap conveyed to lho City of Round Rock.Texas Ivy in strometit of reord in Volume MIX Page 451 of the Miicial Retook of WiWassuoa(kwM7i,Tex^a distance of 34s.85 feet freeard: 348.79 fed)to a I"icon pipe found fin a southeast censer of the 81.41 acre tract,hcirgt the nmtbcasl uvoar of a 10.516 sac trap of land conveyed to kinstfun Msuhcy Milcha:0 and Connie Miachen by instrument of record in Doctioeof Numhu 19991174908 of the Official Public Records of Williamson County,Texas: 'THEN(-F along the south line(sf the MI AI acre tract ant the nosh and went line of said IM lti acm tract the hdkosvin8 two(2)c wrm-. I South lw,30'10"West a distance of 780.21 feet(record: South 879(16'37"West a distance of 78U.37 fen)to a Ulf)nail found in the appmx iswte cenmdine of in asphalt drive; 2. South I I'17'24"East a distance of 500,05 feet(record: South 08'40'East a distance of MUS feet)to a 60D nail found in the appmximale centerline of said aaphah drive,being the southempawl sootheam comer of the 81.41 acre trap,anal also being nice nnarthezun corner (d a 4.6M acre leap of land conveyed to the City of Round Rock,Texas by im(wmeof(of record in fkicurnent Number 2014027063 of the official Public Reeunla of Williamson County,Texas and hesem known a Reference Porn"A", THENCE continue akng tau:south line of the 81 A I acre tray and the nnnh line of ud 4.68()acre tract the following acorn(7)counica: I. South 85'5139"West adistarax of 250.62 feel(record South 88`25'43 1Fed a dishnsce of 250.41 Iren)to a V8 mbar found; 2 North 82"42'31"Watt a distance of 142.60 fed(record: North SMV West a distance of 14270 fat)to a 318 rebut found; 3. North 58'37'07"West a di,411nce of 69.36 feet(record: North%'06'West a distance of 69.40(ea)to a 3;8"rehntr(curd; :-xainN'♦' (W0881151.14) {W(;88115I-I4) 26 {W1028962.3} 50 Page 5 of 12 4. Nunh 28'19'1 T'West a distance of 65.01 feet trecord; North 25'46'West a distance of !i50)feet)to a witan spindle uilh washet found; 5- North 01'48'42"West a distance of 136,78 feet(record:North 00'4810"Fist a ditmce of 137.00 feel)to a 3X'relw found; 6. South 1t7959'46"West a d' -- of 57.93 feet(record: North 89'11'30"Well a dismrce of 591111 foci)to a 3d8"rel>t fond; 7. North I VI5'2I"West a dittantnce of 140.43 feel(rcaxd: North 09'35'32"West a ditary of 140.43 fat)to a 318"rchar faual;from which a 12"rehm found bran North I I )5'21" Waal a d atan a of 79,13 feu(recr),Nurth IV38'32"West a distance of 79.20 ICCIL THENCE cnrasing through the 31 41 acre tract the tollowiog three(3)wuraat: I. Ahrng a na>rn-tangential curve w the right,having a radius of 1020,M feet(record: 1t120.00 feet),a kngth of 437.93 lal(r&twd 417 91 foci),a delta angle of 24935'51r(record: 24'35'9")and a eland winch liars North/rt'51'L1"E"-a disLuax 4434.57 feet(naxwd; North 64°49'35"East it cl surwc.d 415.01 feel)to a 12"rchm sot with plastic cap,stamped "RASFJJNE,INC.": 2. North 77'09'22 Fast a distance of N4.49 fat(record: North 77'06'19"East a distance of 94.49 fed)to a let"rebar sre with plastic cap,sdunped"HASELINF_INC."few a point of curvarurc; 1. Ahmg a rmn-langcn;ial curve to the left,having a udius of 1140.00 fuel(rmx)nJ: 1140 M fcetl,a length of 998.18 fens(record: 998.18 feet),a delta angle of 50.10'04"(record. 50`10'22")and a chord when hears North 52'W 70"tire a distance of 966 60 fad(ra td. North 52'03'09"East a dislarce of 966.69 fed)to the POINT OF HFGMIrNc,. This tract wnuuns 9.77 aura of land,rose or less,out of the P.A.Holder Suncy,Abstract Number '97 in Wifliarimm Cnuoty,Tcxrn -PARCEL 3 DESCRIPTION"(209 ACRES) COMMENCING at the afcneuaid Reference Point"A THENCE SrnM I 1-11'27"Fast(record: Smith 08'40'Fast).along the east line ofsaid 4.680acrc tract and the wcm line of the 10516 aae tract a distance of 28 84 feet to a lav nail hwM for the northeast weir of said 2.09 ae'rc tract,being the southeatr corner of the 4.6m)acme loser fur the POINT OF HF.(;INNING, THENCE South 11'l lt'22"East(mord.South 08'40'Fut1 along the cast line of the 2.09 acre tract and the we m fine of the 10.516 acts tout and the west lint of a 6.16 acre tract ol land wrovyed to RA Waits by itutmment of ecord w Volume 611,Page Rl2 of the Teed Rsawda of W'illiamsem County,Texas a distance of 179.221eet(record:179.27 fact)to a tA)D mail found for the southeast corner of the 2.09 acre tract and being in the north line of a 13.101 acre tract of land conveyed In )oseph J.Widdleon and Heather Widdison by instrument of racmd in Document Num6n 20180533111 of the Miicial Public Rexzvds of W.1hamsom Cb a ly,fcxxc E aoavr'4 (WOU11151.14) (W088115L14) 27 JW1028962.31 51 rage 6 of 12 THENCE along the sodlh fint of the 2.09 acre tree dad the with line of said 13,101 arse tna]the Following two(2)courses. I. Somh ti7'34'22"West a distance of 46969 feet(record North 19'47'West a disttatce of 469.70 feet)to a udcuWul point; 2. North 43'28'09"West a dirarce of 94.97 feet t record North 4W49'37"West a detauoe of 94.99(exa)to a ulculaled point for an angle point is the south line of the 4.680 acre tract; THENC.F North Of-4S'SO"West(record North 00°52'2111•'Eaat),along the west line of the 2.09 acre tract and the south line of the 4.6F4)acre Im l.I disluns:e of 111.26 fed(mumd:I11-27 feel)W■ askalmM point,from which a 1 R"mbw found bean North 00'S 1'36"FmI Is distance of 12.42 feet; THENCE Nosh ig`14'03"Fnst(tacvd: Sash 99°07'32"Fall),along the north Into of the 2.09 acre truss and the Ymth line of the 4AW arc truss a distance of 5M,14 feu(nand:5(13.14 feet)u) the POINT OF RF.GINNING, Thin trw ointsm,2.09 acres rJ land,mac,a leaf,Iwt of the Y.A.Holder Survey,Ahsiru t Nutnhn 297 in Williamson County,Tzmm THE TOTAL COMBINED NET ACREAGE OF ALI.THREE PARCELS IS 17421 ACRFS. Boating hues Texas State Plane Cu rditr6a,C omal Zone,NAD R319607ORS. — 9 r Rcwrme Walfaas rule ,� •e i;`A•r w- 3 R etc Profraeroaal lard Surve •efrn cp rod Yt+t � � State of Texas No.5222 Filc: VProJeaW-ressman Ranch'JkaatFicid NiXmA'r mn Ranch Tille SF-1 M&B la.doc L%Whit"A (Wo991151,141 {W0881151-W 28 1WI028962.31 52 I CRESSMAN ENTERPRISES, L.P. 21 TRACT 3 1 134.52 ACRES E 1313 52' I DOC. NO. 2003063811 µ�p6'ST- JACKIE THOMISON SUBOMSION O.P.R.W.C.T. CAB. I, SL 94-96 I I P.R.W.C.T. 20 I POINT OF "PARCEL"G" tUtUi Xoitdls ,y el6etraei X i 73 W "PARCEL i" CRESSMAN ENTERPRISES, LP. o D 9 I 182.35 AC. TRACT 3 ^e- 134.62 ACRES 0OC. NO. 2003063811 STATE OF TEXAS O.P.R-W.C.T. tt � PART 7-33.302 AC. 7 I VOL. 1970, PC. 515 O.R.W.C.T I (N88'O9'23'W 1435.181 SOUTH LINE OF 59.372 AC. 1 P0.544 1I ,t� sy" '!�'I � 0 R W.C.T. O ��' If// CRESSMAN ENTERPRISES, L.P. TRACT 3 I g 134.62 ACRES DOC. NO. 2003063811 17 g o O.P.R.W.C.T. F$ 'PARCEL 1" I 162.35 AC. GRAPHIC SCALE STATE Of TEXAS 200 r00 0 200 PART 7-33.302 AC. I MDL 1970. PG. 515 IN FEET 1e I O.R.W.C.T I T iA _MATCHLINE SHEET 7 UMHLINE ------ >;s �w awMere r a nar mme r ur we w es BASEUNE LAND SURVEYORS, INC. p��a>�w rw m r s ra eaaa rose?a M la��l�AR=W AM� f.O��w� MQR>{CNAL LAW SIMfVE►Ml6 SFIfYK'�LS raow rawer r•ww ww aes i t�e a come w a Jwr r• ww aWMW lows MM wa ai awcse MU WN w �oawWir era°ii w�•m ww w soa ve wuarOO°wur wree avua4mt ��eaM arr r M.ue aw a raver w r rwnnea nw olmsme mn w�iwtZ w�i�w r�rsr v.w Ye s wtww a rye wr�a s s sever rawm avower a a.wvursi waver. e_wows r tior i•no, , ww ter"a aver w tr o w r To aew sues 1aY�Nsw w SllEf flow o�0 err J1!M 11�0o/ w�/wows V.of Esf W w wos MLrI oowo wtt�1 w+w swum wcar w eurw a waoA.eo•�avow®r 1wLT/�0w. WIIM Pwa.�ar 8 a�Ih wr ;woxxl l51 I tt {WU881151 14} 29 IW1028962.31 53 MATCHUNE SHEET 7 _ MATCHUNE SHEET 8 u r I r , JAME THOMISM SUBOMSION 14 CAB. 1. SL 94-98 r P.R.W.C.T. I GRI w SCALE I $ �I� I s> �,-r _ ._-----_—._--- 200 roo 0 200 I v� 01= W FEET I "' zlz mrm I rp 2IS N rn r` 13 1 2 13 0 564.27' 79.8 N�-- Ns�as os'5 'E 044.14' o —— —- (1o43.- CRES_ 4 _ ENTERPRISES. `/p '� xo/d.r yIc�we� R t L.P. TRACT 1 A"-ad .Xu,rrtGer, 297 i 51.41 ACRES (78.41 ACRES w yreh DOC�NO. u g F 2003063811 'PARCEL 1' & O.P.R.W.C.T. 162.35 AC. o�Ua r Q� __ ___MATCHUNE SHEET 8__ MATCHLINE SHEET 9 � m =am w ao ff aasua w a naa am WAW w ua wr w s BASELINE LAND SURVEYORS. INC. wu fwrw nwwr,wwtrea a�Itt s ri aasler ttwnf r�tMr��i1�ULM��i tai i�i�w i ww PRO►E55IOMAL LAND SURv[nM6 SERWCES ftrtt• wnsr�x�A f ik LMwwlt�A w nears awt aN W"fowl[ft.&fvw rtr arwf rout»m» ■ttRrt■�1•twll w f!t wton 1Ai s w fwaatas RrRC $114)llnl "am+sr sR r.as ala a,r®w1 w.. •otwrowa"M rwit1M saa w ry w wffw�v n r r�r w M�■MArw MAM twM 4 w i amen rfws w^r flr�.wt`,Aitllww war►7��f't�wlas 1 1Y01 1*.NR 1R �.♦ cos w•m 1�t�to a�fYR�Yw t� M=w atta w thaw wra wwewuf w s wralr.fvae r.r r- rarar.e a of 12 nt�w ruaw wan,faar,t t�rwftt a/7rw VW aYrY ar a .a..r ww IWoRX1151 �11 (Wo8811S1.W) 30 JW1028962.31 54 SHEET 8_____ _____ �' MATCHLINE SHEET 9 _ ro I N ! �3 l .4G-J,r«t Auin4 ," 297 I �\r CRESSMAN — —— ENTERPRISES, LP. TRACT 1 81.41 ACRES 1 (78.41 ACRES I C~1 n NET) _= DOC. NO. ili 2003063811 1 rq r O.P.R.W.C.T. H' GRAPHIC SCALE POINT OF BEGINNING n ' 200 100 0 zoo "PARCEL 2" 1N FEET 1 I "PARCEL 1' C°v 162.35 AC. rN^ g.� d e. ul P O ' {ylr06,2233e4S5 "PARCEL 2' �o+o 57T 9.77 AC. �v — 49A C1 I N7TO9.Zy 1 780.21' lip° Saw 't0"W f�06 grin � MAATCHLINE WfCk—OW SHEET 10 n.�in w.ear•.es ttiar u� or s BASELINE LAND SURVEYORS, INC. ,i Yl.� '.r�.� PIPOf!!Spl14L LOWwRrcrnro SLRYICES Aff 1w M Ir11wm 10 am0 m Y.A Orl1rR m IRam .000 wmYMl!OINK 4M4 AM fO/ AWnV. MUS YMP" ■OOCOYIe rrr�rKKrl r ft YICLL OOY rOYIO I aL"sri ar"m MJ7-1u awr/ 7t1�Y�O�OaA Y 7m►f,MA YM�1/roKfall n.. mmmRAm nK 01=13fm iGY T� Y 1Lt 1•,►YL>Q TN .•.r��Ln-n-y w 7/ IY�M f•�OtY •1.o IYCd -Yr +a�K �T ���w+v,�awyn,rw.a�rr�r�+rr..o• y ! d D F d.�bl•w I WOU 1151.141 (WO881151.14) 31 IW1028962.31 55 MATCH Nr � so 's9i"Yj ec`" 79so SHEET Lf4e9` 0t_R) 1t)YN'. / ----- MATCHLINE SHEET_, `" MATCHLINE SHEET I q / 'JO wrnitCTY OF ROLM ROCK VAX t WI�S6T59 (NP11 r-W61E L r DOG. DOC NO, NO 20 a�021 � NOt'M's�Y(Nd0•b'30"F� t fl,aaaof�aaoe r O.PA W.C.T. ,__e:_.1 136 7!'(i J7.07) C7 5 S! O.P R.M.0 T N25.46'W iD ef7[AFm" POINT"A' ! 1 65ol96soot ) POINT OF COMIAENGNq CITY Qi ROII'D K, IEXAS 4.6eo RES I 37' 7^R(NS6.06•Wf) l—PARCEL 3" I DOC NO. 201402706 6(9.36T69.40') 4�s8°63)) (�ggaq E1 O.P.RW.�T, 7j 5p•S1'39� 1511'il Z7-E 1 J (142, 28.84(26.76') L / .,er1*Q3 E_5p 51a* POINT Or 3' iNq / (No0.32'Ze� ""[919v 32'TX� 7 "PARCEL EI 3" Not 43'so26 (SOW4o'E) Los At 11*1 179.22'(179.27') (N4(r49'371n S6T34'211e 469.69; N4J26'37: (Nsp'4Y00�(a89.70) 4 ( ) R-k NEWS CRESSUAN ENTERPRISES. L.P S.I ACM TRACT 2 VOL 617 P0. 612 2.09 ACRES ( o.R_W.C.T. DOC. 140. 2003063811 1 O.P R.W.C.T. ` 1 JOSEPII J. WIOOISON k HEAMER 1MIDOISDN 13.101 AC. vfr fr asp DOC. NO- 201006J363 • �"�� O.P.R.W.C.T. ..afr rt.ra w wrwr f.r G� 1 a„� _ r. Ywp awr �, aw1 Janssens M w LApaw'Al—n~irwwb 1cq eAww I m"tryw wwwf fwaar .ww• so W"Vft .mw .Aa&44i•l Nu..n 297 Its mar saw rrrfr fw,rifh w r SJOW"SLIT WIW r wrwwt �n•r an 10"..fwaw• ffw�s nnr a fAww rAr www f•m%n —r ;•N Im"' : Wear .rout rw• GRAPHfC SC/LLE w ".&W"L w wfrfx Worm ww (W 11.fur• was -Wfe' rr 200 f00 0 2O0 IN FEET w+4eeor+n aepowa•+•W+As mm+fre.cr >m BASELINE LAND SURVEYORS, INC. 0s" me AtArt typo leayp t�►1 fYwi aaci s«frr w, eal4Ywer wwn.fsoep r ews iaww w eofn PROUSSIONAL LAND SUIIVEYWC S£AWICFS rwpY p0�1•N ww/ww w fal•ww 4 Irw1r w•1M+mull Agee.MiOOEM pOWK pe�0,xAI[f4f tyw w w>epe�w we�alpe� ——w r•Iwaw,w wmr• •�M>�•�nry •epopl i Aaww wuwwL r s rpa&relic wwtw w nuNaoa ornv> s.tnaan ovow.Mass.Issues v a r ton r.ra AM t 4 rmfv w u . rrs�Iuvu,00 p�ll t\Iw w fps mruw fe a0pu atnwesw YJ.w ro w oe®s pprnier rows wwffffru w s spar,nsN wwr w fuow'wu.n mr pafawrs As Z k w 1:pw,1a• A r17 a nom w Lw an w r w.r raw am w rAd y r a.,cn♦• .._ SI@Y aaa�p� .—w sir puler w a�eef V- 1 w aeOpllr aaevpwre warty wwwwL w f> 10 d u was w fspAeesw waver.fear ffwwT essrfs.r laver� a.ar�f trlutai".� IWOU1151.14) (WO881151•14) 32 {W1028962,3} 56 �2 S86'S7 231M(a00.4a' i IaL1 ��uJ T01_L.'__ MAjUJE�H�ET 12 CRESS 2 ry MATCHLINE SHEET 1 1 Ep 1 1 3 n8 a1.41 ACRES 1 •y; (76.41 ACRES LEoeos vrurE DOC. No. SWnM 2.MISE 3 -— in.' 2003063811 OOC. NO.2011038W O.P.R.W.C.T. I O.►AW.C.T. r� r 7 Z a N9a'23 23111� 3'W 479(4aQ.a3l* (maV 177 589 a � 3 f N84'21'16*W t Bl0 K 1E i / I (177.aa') I I i r LEGENDS VILLAGE SECTION 2.PNASE 4 ' DOC. NO.2010074432 D O.PNLW.C.T. n n 2= ,`P..,r4. .xe�i�rr �mrteur m�2 i y�y CRESSMAN , ;e m ENTERPRISES, m 44�n L.P. TRACT 1 =ate �~ 81.41 ACRES I`O (78.41 ACRES NET) �$ DOC. NO. 2003063811 O.P R-W.0 T. =p 2 1 i "PARCEL 1- 162.35 AC. ` y7 i .60 r a'4. D1v) 1 2e �aT42d5a'YP C2 GRAPHIC SCALE el MATCH NC ,� 7Y.20 200 too 0 20o SHEET sW4o`1:'i 3+ .as', - t�' �NSS•42 o1v11 IN FEET SHEET 10 � V: 140.43' IF, BASELINE LINO S RVEYMdRR ES wr M, it is ! FROffSSt01411 LAND SURVC►wrf SERVAC[S rmm 14OD a•www 4aat ai trw s a rw w uv ww.waesow sauw awc.arrt ror ,umw,rnas nn� www�rr� w ammm iwwr°�i Pt�w�tri's W=Ii ii wrm ornrn arznama pair 4'�aw n'w ure�'"ownnwa 'ariww°i e�iir�v �w' 4nw�w rwv/rwraroc w1®er w w ws alma Vwt '1waw�•AL11wa�avR �Iww1Ys w 1M4T r naa}�0 wM 4.tf 1t!7siw w w ww a.a 4wr 1Yr.T O was • ` 9HT w=aww ar�O1w w IM earwlw f0 4wriY1 Y.fL' wwwmrr w ww�w�etV�rr w�ww�wrr w s wioc rare rr w r,.s aw LN of l2 m��w w4w�e warn,sY e�O aww4fw Y 1YOr,tw'. Y IYI Nr crw M ll o�.M rwn ;>x'oaxllsl 1�1 (WO881151.14) 33 {W1028962.3} 57 EXHIBIT B Concept Plan [attached] {wosa�isi.��i {woesusl.�a► 34 IW1028962.31 58 M / f� • r;, CRE SSMAN RANCH CONCEPT PLAN Ems as ' ■ � a r 15 ti aaza ',,, � 1 ♦ � � O� Lr) a + Ell l mow... 045 U 71PS .mr SIBL. _ a /►9 .ai w Adi At . rw.r-iw.._... �..•,�'�. T.r .� j � y w—.•. ,R, � 3 CM M �o O, 0 N O 3 EXHIBIT C City Consent Resolution [attached] (WOU)151.14) {WO881151-14) 36 JW1028962.31 6o EXHIBIT D Depiction of Kenny Fort Boulevard Realignment and Park Land [attached] (WOSS115LI4) MOSS1351.14) 37 I {W1028962.3} 61 ti } ;dl, -- I T - W i (Wo881151.141 38 {W1028962.3} 62 EXHIBIT B DESCRIPTION OF PHASE 1 {WO944730.2} 7 {W1028962.3} 63 Page 1 of 6 ase Land Surveyors, Inc. me J=.An6ram-Qqum V,Sys 101 =37.t9712 Tom f.No.I001S100 METES AND BOUNDS DESCRIPTION BEING 69.222 ACRES OF LAND, OUT OF THE WII.LIS DONAHO SURVEY, ABSTRACT NUMBER 173, AND THE P.A. HOLDER SURVEY, ABSTRACT NUMBER 297, BOTH IN WILLIAMSON COUNTY, TEXAS AND BEING A PORTION OF 134.62 ACRE TRACT OF LAND CONVEYED TO CRESSMAN ENTERPRISES, L.P. BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2003063811 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, THEREIN DESIGNATED AS "TRACT 3", BEING A PORTION OF AN 81.41 ACRE TRACT OF LAND CONVEYED TO CRESSMAN ENTERPRISES L.P. BY SAID INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2003063811 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, THEREIN DESIGNATED AS`TRACT I",AND BEING A PORTION OF A 3.0 ACRE TRACT OF LAND SAVE AND EXCEPTED BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2003063811 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 3.00 ACRE TRACT BEING A PORTION OF A 37.00 ACRE TRACT OF LAND CONVEYED BY DEED OF RECORD IN VOL. 603, PG. 191 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS.; AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 1/2"rebar found in the east line of said 134.62 acre tract and being the southwest comer of Lot 13 in the Jackie Thomson Subdivision a subdivision of record in Cabinet I, Slides 94-96,of the Plat Records of Williamson County,Texas; THENCE North 88°20'50"East(record: South 89°05'30"East),along the north line of the said 81.41 acre tract and the south line of the Jackie Thomson Subdivision a distance of 326.38 feet; THENCE crossing through the 81.41 acre tract the following twenty-one (21)courses: 1. South 01°39'10"East a distance of 21.40 feet to a 112"rebar set with plastic Cap, stamped"BASELINE,INC_"; 2_ South 83°20'50"West a distance of 123.97 feet to a 1/2"rebar set with plastic cap, stamped"BASELINE,INC_`, 3. South 70°09'46"West a distance of 79.88 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; {W1028962.3} 64 Page 2 of 6 4. South 78°05'24"West a distance of 90.38 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC.", 5. South 83°25'46"West a distance of 90.00 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; 6. South 06°39'10"East a distance of 170.13 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC_"; 7. South 83°20'50"West a distance of 21.62 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; 8. South 06*39'10"East a distance of 159.28 feet to 1/2" rebar set with plastic cap, stamped"BASELINE,INC."; 9_ South 76"53'37"West a distance of 159.64 feet to 112"rebar set with plastic cap, stamped"BASELINE,INC."; 10. South 20°42'29"East a distance of 84.12 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC_"; 11.South 34°20'45"East a distance of 94.96 feet to I/2"rebar set with plastic cap, stamped"BASELINE,INC."for a point of curvature; 12.Along a tangential curve to the right having a radius of 615.00 feet,a length of 12.88 feet,a delta angle of 01°12'01"and a chord which bears North 69°53'29"East a distance of 12.88 feet to 1/2" rebar set with plastic cap,stamped"BASELINE, INC."for a point of tangency; 13.South 19°30'30"East a distance of 50.00 feet to 1/2" rebar set with plastic cap, stamped"BASELINE,INC."; 14.Along a tangential curve to the left having a radius of 565.00 feet,a length of 9.59 feet,a delta angle of 00°58'21"and a chord which bears South 70°00'20"West a distance of 9.59 feet to 1/2" rebar set with plastic cap,stamped-BASELINE,INC." for apoint of tangency; 15_South 20°29'09"East a distance of 120.00 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; 16_South 66°41'10"West a distance of 44.01 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; 17.South 61°01'02"West a distance of 44.01 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; IW1028962.31 65 Page 3 of 6 18.South 54°06'59"West a distance of 161.19 feet to 1/2"rebar set with plastic cap, stamped"BASELINE,INC."; 19.South 36023'11"East a distance of 119.82 feet to a 1/2"rebar set with plastic cap,stamped `BASELINE,INC"for a point of curvature; 20.Along a non-tangential curve to the left having a radius of 20.00 feet,a length of 2-64 feet,a delta angle of 7032'57 and a chord which bears North 57°23'23"East a distance of 2.63 feet to 1/2" rebar set with plastic cap,stamped"BASELINE,INC"for apoint of tangency; 21.THENCE South 36023'04 East,continuing through the 81.41.acre tract and then crossing through a 3.0 acre tract a distance of 49832 feet to 1/2"rebar set with plastic cap,stamped "BASELINE,INC.'`, THENCE continuing through said 81.41 acre tract of land the following nine(9)courses: L North 54036'48"East adistance of 143.53 feet to 112"rebar set with plastic cap,stamped `BASELINE,INC.",- 2- North 691 18'2T'East a distance of 47.21 feet to 1/2"rebar set with plastic cap,stamped `BASELINE,INC"; 3_ North 70124'21"East a distance of 54.09 feet to 1/2"rebar set with plastic cap,stamped `BASELINE,INC.' 4_ North 62124AV East a distance of 58.49 feet to 1/2"rebar set with plastic cap,stamped `BASELINE,INC."; 5. South 30031'46"East a distance of 3613 7 feet to 1/2"rebar set with plastic cap,stamped `BASELINE,INC"for a point of curvature; 6. Along a non-tangential curve to the right having aradius of 1,324.85 feet,a length of 69.78 feet, a delta angle of 03°01'04"and a chord which bears South 52°12'03"West a distance of 69.77 feet to 1/2" rebar set with plastic cap,stamped'BASELINE,INC"for a point of tangency; 7. South 53142'35"West a distance of 409.63 feet to 1/2"rebar set with plastic cap,stamped `BASELINE,INC"for a point of curvature; 8. Along a tangential curve to the right having a radius of 999.88 feet,a length of 346.06 feet,a delta angle of 19049'48"and a chord which bears South 63°37'29"West a distance of 344.33 feet to 1/2"rebar set with plastic cap,stamped'BASELINE,INC"for a point of reverse curvature; 9. Along a tangential curve to the left having a radius of 954.89 feet,a length of 370.5 2 feet,a delta angle of 220 13'56'and a chord which bears South 62025'25"West a distance of 368.20 feet to 1/2"rebar set with plastic cap,stamped"BASELINE,INC"for a point of tangency in the south line of the 81.41 acre tract north line of a 4.680 acre tract of land conveyed to City of Round Rock,Texas,by instrument of record in Document No.2014027063 of the Official Public Records of Williamson County,Texas; {W1028962.3} 66 Page 4 of 6 THENCE South 87041'D4"West,along the south line of the 81.41 acre tract,same being the north line of said 4.680 acre tract,a distance of 84.11 feet to a 1/2"rebar found at the northwest comer of the 4.680 acre tract,same being an southwest corner of the 81.41 acre tract and the east line of Lot 30,Block E,Legends Village Section 2,Phase 4,a subdivision of record in Document No. 201DO74432 of the Official Public Records of Williamson County,Texas; THENCE North 09058'00"East,along the west line of the 81.41 acre tract,same being the east line of Block E,Legends Village,Section 2,Phase 4,a distance of 1163.70 feet to 1/2"rebar found at the northeast corner of Block E,Legends Village,Section 2,Phase 4,and being an angle point in the west line of the 81.41 acre tract; THENCE along the north line of Legends Village,Section 2,Phase 4,same being the west line of the 81.41 acre tract the following two(2)courses and distances: 1_ North 84121'16'West a distance of 177.68 feet(record: North 91144 19"West a distance of 177.68 feet),to a 1/2"rebar set with plastic cap,stamped"BASELINE,INC"; 2. North 88123'23"West a distance of 479.83 feet(record: North 85°47'31"West a distance of 480.92 feet)to a 1/2"rebar found in the north line of Lot 10,Block F,Legends Village Section 2,Phase 4,and being the southeast corner of Lot 7,B1ockF,Legends Village Section 2,Phase 3,a subdivision of record in Document Number 2011038590 of the Official Public Records of Williamson County,Texas; THENCE North 00053'1T'East(record: North 039041"East),continuing along the west line of the 81.41 acre tract and the east line of said B1ockF,Legends Village Section 2,Phase 3,a distance of 439.27 feet(record:439.65 feet)to a 1/2"rebar found for the northwest corner of the 81.41 acre tract,being in the south line of the 134.62 acre tract,and also being the northeast comer of Lot 1,BlockF,Legends Village Section 2,Phase 3; THENCE South 8So57'23"West(record: North 88°26'5T'West),along the south line of the 134.62 acre tract and the north line of Block G,Legends Village Section 2,Phase 3,a distance of 600.49 feet(record:5 99.5 0 feet)to a 1/2"rebar found for the southwest comer of the 134.62 acre tract,being the northwest corner of Lot 14,Block G,Legends Village Section 2,Phase 3,and also being in the east line of a 33.302 acre tract de s cribe d there in as Part 7,as conveyed to the State of Texas by deed ofrecord in Volume 1970,Page 515 of the Official Records of Williamson County,Texas; THENCE along the west line of the 134.62 acre tract and the east line of said 33.302 acre tract the followingtwo(2)courses: 1. North 17°20'44"East a distance of 294.02 feet(record: North 19155'18"East a distance of 293.75 feet)to a 1/2"rebar found for a point of curvature; 2. Along a tangential curve to the left,having a radius of 2954.27 feet(record: 2954.43 feet),a length of 988.59 feet,a delta angle of 19°10'23"and a chord which bears North 09°27'49" East a distance of 983.99 feet to a 1/2"rebar set with plastic cap,stamped"BASELINE, INC."for a point of tangency; THENCE crossing through the 134.62 acre tract the following sixteen(16)courses: {W1028962.3} 67 Page 5 of 6 L North 890 12'4V East a distance of 130.74 feet to a L/2"rebar set with plastic cap,stamped "BASELINE,INC"for a point of curvature 2. Along a tangential curve to the left,having aradius of 3375.00 feet,a length of 10.25 feet,a delta angle of 00°10'26""and a chord which bears North 00052'33"West a distance of 10.25 feet to a 1/2"rebar set with plastic cap,stamped"BASELINE,INC"for a point of tangency; 3. North 890021 bf'East a distance of L 80.71 feet to a L/2"rebar set with plastic cap,stamped "BASELINE,INC." 4. South 02106'14"East a distance of 17.70 feet to a 1/2"rebar set with plastic cap,stamped 'BASELINE,INC." 5. North 87053146'East a distance of 200.00 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC_" 6. South 85110'50"East a distance of 64.34 feet to a 1/2"rebar set with plastic cap,stamped 'BASELINE,INC." 7. North 03020'32"East a distance of 163.66 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC" 8. North 61008'03"West a distance of 7.70 feet to a to a 1/2"rebar set with plastic cap,stamped 'BASELINE,INC." 9. Along a non-tangential curve to the left,having a radius of 60.00 feet,a delta angle of 70.80 fret,a delta angle of 67°36'35",and a chord which bears North 04°56'21"West a distance of 66.76 feet to a to a 1/2"rebar set with plastic cap,stamped"BASELINE,INC" 10. North 51015'22"East a distance of 16.B feet to a 1/2"rebar set with plastic cap,stamped 'BASELINE INC."-, L 1. North 00045'32"West a distance of 24.17 feet to a 1/2"rebar set with plastic cap,stamped 'BASELINE INC-"; 12. South 89"23'36"East a distance of 259.54 feet to a 1/2"rebar set with plastic cap,stamped 'BASELINE INC."; 13. South 000362V West a distance of 15.77 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC" 14. South 88053'36'East a distance of 326.34 feet to a 1/2"rebar set with plastic cap,stamped "BASELINE,INC." 15. North 01037'09"East a distance of 11.90 feetto a 1/2"rebar set with plastic cap,stamped "BASELINE,INC.,, 16. South 881224F East a distance of L95.00 feet to a 1/2"rebar set with plastic Cap,stamped 'BASELINE,INC."in the east line of the 134.62 acre tract and the west line of Lot 15 in the Jackie Thomson Subdivision {W1028962.3} 68 Page 6of6 THENCE along the east line of the 134.62 acre tract and the west line of the Jackie Thomson Subdivision the following two(2)courses: 1. South 01°37'W'West a distance of 774.72 feet to a 1/2"rebar found in the east line of the 134.62 acre tract and the west line of Lot 13 in the Jackie Thomson Subdivision; 2. South 01'43'24"West a distance of 15 9.5 5 feet to the POINT OF BEGINNING. This tract contains 69.222 acres of land,more or less,out of the P.A.Holder Survey Abstract Number 297 and the Willis Donaho Survey,Abstract Number 173,both in Williamson County, Tex as. Bearing Basis:Texas State Plane Coordinates,Central Zone,NAD 83196CORS. t t ROBERT(U EN'MALOY 6028 v iu, AI&A.t-F-QiL hl 4 011071202-0 Robert enMaloy Date Registered Professional Land Surveyor State of Texas No.6028 File: S:TrojectslCressmanRanchlDcct-TieldNoteslCresunanRanch HomesteadPhase I&2Title M&B_fn.doc {W1028962.3} 69 t _ � err �~•~ K J y I y J 7U- Z. fL . f rr:a � '•.r 1 !>oi�7 EXHIBIT"C" CRESSMAN/MERITAGE PHASE II PARTIAL ASSIGNMENT [attached] {W1028962.3} 71 PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT This PARTIAL ASSIGNMENT OF CONSENT AND DFVELOPMF.NT AGREEMENT(this"Par 'aI Assignment")is executed by CRESSMAN ENTERPRISES,LP, a Texas limited partnership, KAT fRYN A. CRFSSMAN,and THE ESTATE OF MARVIN R. CRF.SSMANT, A/K/A MARVIN RICHARD CRESSMAN, DECEASED, (collectively "AAssign,Qr" or " ssman"), to and in favor of MERITAGE HOMES OF TEXAS, an Arizona limited liability company ("Assignee" or "Merl a"), effective as of the 1 y of January,2021(the"Effectit/e Date"). WITNESSETII: A. The City of Round Rock,Texas, a home-rule city located in Williamson County, Texas(the"Lett"),and Cressman previously entered into a Consent and Developmgmt A reement dated effective as of May 9,2019(the"(lgrQemertt"),which,among other things,provides for the creation of Round Rock Municipal Utility District No. 2(the" istrict")and a regulatory process for the development of f 174.21 acres of land located in the City limits to be included in the District (the"Land"). A copy of the Agreement is attached hereto as ExhibiLt A- B. Contemporaneously with the execution and delivery of this Partial Assignment by Assignor and Assignee, Assignor is conveying to Assignee the portion of the Land more fully described on the attached Exhibit B("&ue 2"),and,in connection therewith,Assignor desires to partially assign its interest in the Agreement with respect to Phase 2 to Assignee,and Assignee desires to acquire the same from Assignor. C. The Agreement generally provides that the Agreement,and the rights of Assignor thereunder, may be assigned by Assignor as to all or any portion of the Iand with the City's consent. However,pursuant to Section 11.03(a)of the Agreement,the City expressly consented to and approved the assignment of the Agreement to Meritage. Section 11.03(a)further provides that no further consent to an assignment of the Agreement to Meritage will be necessary but requires that a copy of such assignment must be delivered to the City. NOW,THEREFORE, for and in consideration of the sum of Ten and No/too Dollars (S1o.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,Assignor and Assignee hereby agree as follows: 1. Partial Assignment. Assignor has ASSIGNED,TRANSFERRED,AND CONVEYED and by these premises does hereby ASSIGN, TRANSFER, AND CONVEY to Assignee all of Assignor's right,title,and interest in,to,and under the Agreement to the extent,and only to the extent, the same directly relate to or concern Phase 2 (collectively, the"Assigned Rights"). All rights and obligations under the Agreement other than the Assigned Rights (collectively, the "Retained Rights")are retained by Assignor. 2. Assumption. Assignee hereby accepts the foregoing partial assignment and assumes all of the rights and obligations of Assignor with respect to the Assigned Rights arising on or after the date of this Assignment. Assignor will continue to be responsible for all of the obligations arising under or in connection with the Retained Rights. Assignee's contact information for purposes of notice under the Agreement is as follows: (W1orn,i) {W1028962.3} 72 Meritage Homes of Texas,LLC Attn: Elliott Jones 8920 Business Park Drive,Suite 35o Austin,Texas 78759 3. Representations of Assignor. Assignor represents and warrants to Assignee: (a)that Agreement has not been amended or modified except as described in this Partial Assignment; (b)that Assignor has all necessary right and authority to make this Partial Assignment; (c)to Assignor's current actual knowledge without inquiry or investigation there exists no default under the Agreement,nor does any fact or circumstance exist which would,with the passing of time or giving of notice,constitute a default under the Agreement; and (d)that Assignor has not alienated, assigned, pledged, transferred, or otherwise disposed of or encumbered its rights under the Agreement and that no person or entity other than Assignor has any right,title,or interest in,to,or under the Agreement,as the Owner thereunder. q. Delivery to Cit3. Pursuant to 11.03(a)of the Agreement,Assignor and Assignee agree that a copy of this Partial Assignment will be delivered to the City. 5. Binding✓Effect. All of the terms, provisions, covenants,and conditions set forth herein will be binding upon and will inure to the benefit of the parties hereto and their respective successors and permitted assigns. 6. Headings. The headings and captions in this Partial Assignment are for convenience only, and Aill not control or affect the meaning or construction of any provision of this Partial Assignment. 7. CgUnterp tits. To facilitate execution,(a)this Partial Assignment may be executed in any number of counterparts;(b)the signature pages taken from separate individually executed counterparts of this instrument may be combined to form multiple fully executed counterparts; and(c)a signature delivered by facsimile or in another electronic format(e.g., .PDF via email) will be deemed to be an original signature for all purposes. All executed counterparts of this instrument will be deemed to be originals, and all such counterparts,when taken together,will constitute one and the same agreement. IN WITNESS WHEREOF,Assignor and Assignee have executed this Partial Assignment to be effective as of the Effective Date set forth above. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGES FOLLOW.) {W1027117.1} 2 {W1028962.3} 73 WIMUERPARI GNATIJRE PAGE TO PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGREEMENT ASSIGNO& CRESSMAN ENTERPRISES,LP,a Texas limited partnership By: Cressman En, GP, LLC, a Texas limited liabili y,its General Partner By: Scott Cressman,Managing Member KATHR A.C 7 Scott M.Cressman,Agent(Attomey-in-Fact) THE ESTATE OF MARVIN R. CRESSMAN, A/K/A MARVIN RICHARD CRESSMAN, DEC WWl _ tt Mark Cressman,Independent Executor of the Estate of Marvin R Cressman, a/k/a Marvin Richard Cressman,Deceased [Notary Acknowledgments for Assignor on Following Page] {W1027117.4 3 {W1028962.3} 74 THE STATE OF TEXAS § COUNTY OF Gib-- § This instrument was acknowledged before me on the/r__day of�.� ,2021,by Scott Creasman, Managing Member of Creasman Enterprises GP, LLC, a Texas limited liability company,General Partner of Creasman Enterprises,LP,a Texas limited partnership,on behalf of said limited liability company and limited partnership. p (S -) pAVlsy Notary Public Signature THE STATE OF TEXAS COUNTY OF k ,L---, § l�- This instrument was acknowledged before me on the day of 2o2i,by Scott M. Cressman, Agent (Attorney-in-Fad) of Kathryn A. Cressman, on behalf of Kathryn A Crewman. pAV (S -) Notary Public Signature .M THE STATE OFTEXA$ § COUNTY OF t-J L W" § This instrument was acknowledged before me on the�'}day of 2021,by Scott Mark Crewman, Independent Executor of the Estate of Marvin R. Cressman, a/k/a Marvin Richard Cressman, Deceased, on behalf of the Estate f Marvin R. Creasman, a/k/a Marvin Richard Cressman,Deceased. p V►p � (SEAL) t_ Notary Public Signature 40 �•aJ1.�1 {w1027117.1) q 1WI028962.31 75 COUNTERPART SIGNATURE PAGE T-Q PARTIAL ASSIGNMENT OF CONSENT AND DEVELOPMENT AGFJZEMENT ASSIGNEE• MEMAGE HOMES OF TEXAS, LLC, a Arizona limited liability company 1. By:—�I!.�`l L l� Name:�.R _ Title .:s:.-% M-.— A•a:J•.* THE STATE OF COUNTY OF �iS $ This instrument was acknowledged before me on the day of 2021, by Lll vt "3;ws kvl�--- Meritage Homes of Texaf, LLC, an Arizona limited liability company, on behalf of said limited liability company. (SEAL) otary Pub' ignature • ' SKAW AWMALEW potty 10I13�21 33 N MY C-Wr llon Exak m Jan-Y 3,2025 (WI027117.1) {W1028962.3} 76 EXHIBIT A CONSENT AND DEVELOPMENT AGREEMENT TIIL`TATL OI 11•XAS CCXtNTY 4F MAVIS C(XM I Y OF W II I IAMSOV ' CITY OF ROUND ROCK I,SARA L.WIIITI.,City Clerk ofthc t m nl Round Rock, Icxas.do Fimby ccrtil'y that 1 am the custodian of Ow public n:cords maintained by dtc City of Round Kock. Icars. The atuhcd faepoing 19 poses. ore true and cnrred copws of the Cimsent and Iks'clupmml Asm more petwcsrt the City of Round Rock.Crewman F'aterpnm&LP,ct al.and IAc Round Rock Mum,rpal lkikty L)tshict No 1,data!May 9,1019.rcgading the&-,.ch<rneru nl 174 In acres of land CI•R I IF ILL)by my hard arid wal ol'tlte City of Round Rnck,Texnq nn this '0'day w May 2019 SARA L.W`NTTF, SIC CITY CI FRK 0 O r {W1027117.1} 6 f Wl028962.31 77 CONSFMr AND DEVELOPMENT AGREEMENI' AMONG CITY OF ROUND ROCK,TFJ(AS; CRYSSMAN ENTERPRISE'S,LP,KATHRYN A.CRESISMAN,AND THE FSTATF OF MARVIN R.CRFSSMAN,A/K/A MARVIN RICIIARD CRFMMA.Y,DECLUED, AND ROUND ROCK MUNICIPAL UTILITY DISTRICT NO.z 1 uu.11,1 141 16WI '1 fxx-X (W1027117.1) 7 {W1028962.3} 78 it CONSENTAND DEVIii.OPMF.NTAGREEMENC This CONSENT AND DEVELOPMFNT AGREEMENT(this-44Cmmelu-)is by the City of Round Rock,Texas,a home rule city located in Wiiliam+nn Count%. Texas(the%%-),and Creasman Enterprises,LP,Kathryn A.Creasman,and the Estate of Marvin R.Creasman,a/k/a Marvin Richard Creasman,Do cear:ed (collectively, the' ner-) Subsequent to its creation, Round Municipal Utility DistriR No.2,a proposed municipal utility district to be created pursuant to Article XVL,Section 59 of the Texas Cimslitution and Chapter%49 and 54,Texas Water Code as contemplated by this Agreement(the'yjUjil�("),will become a party to this Agreement. The City,the Owner,and the Dist rid are tin a-times referred to herein as a'Eom"and collectively as the'racuEs- RECITAL S WHEREAS•the tanner owns Approximately 174.21 acre_,of land lumted entirely within the corporate boundaries of the City(the"Lamy);and WHERAS,the Land is more particularly dea•ribed by metes and hounds can the attached F-hibitA.and As boundaries are depicted on the concept plan attached as exhibit—(dw"Conkv r Moll'):and WHEREAS.the Owner mtends that the Land will be developed in phases as a master-planned,residential cummunity that will include park and recreational facilities to serve the Land;and %%WRF.kl;,the(honer and the City wash to enter into this Agreement to encourage innuvalisr and compreherune master-platuling of the Land, provide certainty of regulatory requirement%throughout the term of this Agreement,and result in a high- quality development for the benefit of the present and future residents of the City and the Land,and s sed to create the District river the Land pursuant N'IiEREAS,tltel)svticr na,propn to An application to be filed with and processed through the TCE() (as defined in ARTICL.L+I below)and has presented the City with a petition requesting the City's consent to the creation of the District;and WHEREAS,the purposes of the proriotted District include designing,constructing, acquiring•instaAing,financing,and conveying to the City water,wastewater,and drainage utilities (including capacit) or contract rights to capacity therein), roads and improvements in aid of roads, park and recreational facilities, and other puhlic anprovements as authorized by the Texas Conrtitution and Texas Water Cate to serve the area within its boundaries(collectively,the'01grIci linpanvig=');and WHEREAS,construction of the District Improvements will occur in phases Las determined by the District and the Developer(s)(as defined hereiti))in accordance with this agreement;the applicable ordinant es of the City.Chapters 49 and 54,1'cxas Water ;waan<i wt M,+aati5t µl I (W 1027117.1) {W1028 62. } 9 3 79 Code,as amended:the ruler,and rep latioms of the TCFQ,as amendes,.ind apphIIble state and federal regulations(milectively,the'N,pLcahle R_. io+ -),and WHEREAS,the City and the Owner intend that the iCeimbursable Gusts(as def i ued in ARTICLE 1 below)of the District Improvements will be paid from the net proceeds of bonds issued by the District(or surplus funds of the District)in accordance with this Agreement, the applicable rules and regulations of the TCFQ, as amended, and the applicable requirements of the Texas Attorney f:eneral's Office,as untended;and WHERIi.A&the District is authonzed to enter into this Agreement pursuant to the pro,isions of Texas law_including but not limited to,Chapters 49 and",Texas Water C,ndr, as amended; Chapter ;91, Texas Government Code, as amended; and Seettoo 5,r,2 014.Texas lineal government Code,as ametided,and WHERE&%,the City is a:municipal corporation operating under a home-mile City Charter adopted under the laws of the State of'rexas and purmant to which the City has the authority to enter into and perform its obligations under this Agreement including, hot not limited to.the ownership and operation of the District Improvetnents: NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency o(which are hereby acknowledge(!,including thr agreements set forth below. the Patties contract as follows. AR,ncLF.1 DEFT NMONS Section L01• Definitiu»a. In addition to the terms defined eLsewhcre in thi,Agreement or in the City s ordinances.the following terms and phrases used in this Agreement will have tlac meanings set out below" APpjKdWp--&W S means the City's rules ordmmncrs, and regulations in effect ac Cif the Effective Date of this Agreement, as amended by. (i) any amendments authorized by Chapter 245,Texas I.oca;Government Code;(ii)any approvals,vanatim,waivrrs,and exceptions to such rules that are approved by the City,and fill)any additional restrictions or regulations agreed to by Developer in writing Agreement nwans this Consent said Development Agreement among the Parties. D DjU means bonds,notes,or other obligation,-or indebtedness issued or incurred by the District under the Distnel's borrowing prnver QU means the City of Round Rock, Texas, a home-rule city located in Williamson Count),Texas. City Ojbiection is defined in Section 7.o2fb). City�&14wr meamx the City Manager of the City. tw,R115.�41 2 (W 1027117.1) 9 IW1028962.31 80 C9t1 ua%im.ur_J=means the Texas Commission on Environmental Quality or its successor agency. S,Q�meara the concept plan for the I.And attached as L&hibiU, as amended from nine to time in accordance with this Agreement. C9BQLy means Williamson County,Texas. Dmlope meats the Owner,or any successor or permitter)assign of the (honer,that notifies the Or%of its intent to develop all or any portion rif the land under ctccUon q.07 below. District mean. Round Rock Municipal Utdity Ihslnct No.2,a political subdivision of the State of Texas to he created over the land,with the consent of the City,as provided in thm Agreement Doltrict Improvements means the water,wastewater,and drainage utilities (including capacity or contract rights to capacity therrin).roads and improvements in aid of roads,park and recreational facilities,and other public improvements,as authorized by the Texas Constitution and Texas Water Code,to Serve the a:e.t within the District boundaries F:fftttive Date d_RL Aaren ent means the 91s day of M. a)• 20tq Land means approximately 174.21 acres of land located in the City limits,as described by metes and bounds on Fxhih*t A. 0!4me means, crilkctively, Cre"man Enterprises IY, Kathryn A Cressmain; and the Estate of Marvin K. Cressman, a,k/a Marvin Richard Cresman,Deceased,or their successors and assign under this Agreement L;eimbasaMeS means all costs of the District Improvements(;ncluding land and easements costs) that are eligible for reimbursement from the net proceeds of Ronde issued in accordance with this Agreement and.as applicable. the rules and regulations of the TCEQ,as amended. Bsald PLst*W means any road projects or improvements in aid of such road projects that the District is authorized to undertake pursuant to Article III, Section 52 and Article XV!,Secthm 59 of the Texas Constitution,as amended,and Chaptem 49 and 54,Texas Water Cotke,as amended,or otherwise pur cant to Inv mithority granted to the District by special act of the Texas Legislature. ARTICLE H CREATION OF D19MCr AND EXECtMON OF ACIREEMEN M $CCtbe 2.01. Cortgent tq Cxcat�ln-mtDJILdd• The City acknowledges receipt of the Owners request,in arcnrdance with Section 54-ot(i,Texas Water Code.and Section 42 042,Texas local Government Gxle,for creation of the Dr_ cl over the land On the Effective Date of this Agreement,the City has apprrrved the resolution attached as iWe"I i i Nf (vwaians,+41 y (W1027117.1} 10 {W1028962.3} 81 wit consenting to the Incdumun of the land within the District (the 'co1&sen1 $etftGcaw'). The(Sty agues that the consent Resolution will constitute and evidence the City's consent to the creation of the Illctrict within the City's corporate limits in accordance with Section.loaf),Texas Water Crate,and Section 41.041.Texas vocal Government Cork,and that no further consent will be required on the part of the City to evidence the City's consent to the creation of the District S UM a District Execulligm offtracaw=. The Owner shall nurse the District to approve,execute,and deliver to the City this Agreement within thirty(30) days after the date the Ristrict's Board of Direacirs holds its organizational meeting. If the DrATict fails todo sn within such 3u-day period,then(after notice and opportunity to cure)the City may terminate this Agreement and may repeal the Consent Resolution Section 2,03. District Bonds If the[last riot fails to approve,execute,and deliver this Agreement to the City as required by Section z-Q ,and if the City does twat terminate this Agreement,such failure shall operate to prohibit the District from taking any actions to issue Bonds until the failure has been cured. The City shall have the right to enjoin the issuance of Bonds during any period in which such a material breach exists. SscdQ a oa. RziMbNtFcznpt-Aaa<cenvmb. If the District fails to approve,execute,and deliver this Agreement to the City as required by Section 2z,and if the City has not terminated this Agreement,such failure shall operate to prohibit the Owner or any Developer of the land from entering into any reemtntrwwent agreements with the District until the failure has been cured. The City shall have the right to eniom the execution of such reimbursement agreements during any period to which such a material breach exists. StWu13-o - Intent of Parties Relit to Allocation z„M4Mt. Under Section yl.oiti f).Texas Water Code,the City,as a City providing written consent for inclusion of land in a district,may provide for a contract designated as an"allocation agreement',to he entered into between the City and the District.'the Parties acknowledge that the provision for an'allocation agreement'under Section 54 otb(f)is,u the City s discretion- 'fhe City,confirms that it is inteutionalh riot providing for an allocation agreement. The Parties agree that this Agreement does not constitute and will not be deemed to constitute an allocation agreement within the meaning of Section Sq.otfi(f) ARTICLE If I WATER AN I)WASTEWATER SERVICE Se po�Q7. City Retail Water and Waatewwater Serum. Retail w-.ater supply and wadewrater collection and treatment services will be provided by the City. The water distribution and wastewater collection systems within the District shall be owned by the City The City will provide water and wastewater service to customers within the District in the same manner and on the same terms and conditions as the City, provides service to other retail customers inside its corporate limits. The City's standard water and wastewater rates,charxex,and other fees,including engineering review and inspection fees.that are applicable to other arras within the City's corporate limits will be applicable to fanlutes constructed,toanectaons made,and services provided within the Mstrict The City agrees and commits to pmvedr water and wastewater service sufficient I MYYI 1111 IJI (wolean5l yl q 4 W I027117.1) {W1028962.3} 82 for the full build-out of the District at flow rates and pressures(including fire flows) suffinent to meet the minimum mquirements of the Applicable Regulations,and agrees to provide written confirmation of the availability of service upon the Nstnct's request if mquiml in miinecteni with any Disuid Bond sale. AIMCLE TV ROADWAY iMPROVEMIENTS Section a.ot. Right of Way Q%djcatjoes. The City has previously acquired nght-of way through the land for the extension of Kenny Fort Boolevi rd but desires to malign Kenny Fort Boulevard as generally depicted on fthiWID. The Owner wil(convey by warranty deed,at no cost to the City,ino%of the right-of-way required for such realignment within the Land,but reserves the right to seek reimbursement fur such right-of-way from the District in accordance with this Agreement. The Panes acknowledge that the final location of the niadways within the land may he subject to minor changes from those shown on the Concept Plan based on the final rightof-wav alignment of Kenny Fort Boulevard. ,won a.o2. !load 4onatructitim. The City agrees that it will he responsible for the design of Kcnny Fort Boulevard and paying the cost for same. The Owner agrees that it will contribute to the cost of extending Kenny Fort Boulevard through the Land up to a mammum of si,775.794(the either (a)by constructing a portion of such extension (such portion to be determined in connection with approval of the preliminary plan for the Land)in accordance with the City-approved design,in which event the City will be responsible for any costs in excess of the Road Contributin Cap;or'b)by paying the City's applicable road/traffic impact fees for development within the Land in accordance with the Applicable Rules up to the Road Contribution Cap. The Owner reserves the right to seek reimbursement for such costs from the District. For the avoidance of doubt.M if the Owner elects to construct a portion of Kenny Fort Boulevard pursuant to clause(a)above,no road/traffic impact fees will be payable with respect to the(and; and(ii)if the Owner elects to pay the City's applicable road/traffic impact fees for development within the Land pursuant to clause (b) above, the Owner will not be required to construct any purtion of Kenny Furl Boulevard. Whether the.Owner elects either(a)or(b)above,the owner shall not he obligated to obtain a Traffic lmpad Analysis. ARTICLE V PARR AND RECREATIONAL AMF.NMFS Sft1len s.ol. p"in , The Owner agrees that the park and i"n space land depicted in green on rAhlb"(the-Park land)will be conveyed to the City. subject to the right to seek reimbursement for aisu of the Park Lind from the oistrict in accordance with this Agreement The City agrees that conveyance of the Park Ltnd to the City will constitute full satinfaction of the City's parkland dedication requirement;for the land. Any tads within the Park land will be constructed in accordance with the City's standards under the Applicable Rules and shall be open to the public. The City will accept the conveyance of the Park laird, including any trails thereon,and will operate and maintain the Park Ltnd as part of the City's park w..tan. 4Mi1151 lit tvw,saccs c.i 5 {WtOZ7tt7.t} 12 {W1028962.3} 83 AIIITICI.E VI DESIGN,FINANCING,CONSTRUCTION,CONVEYANCE, OWNERSHIP,OPERATION,AND MAINTENANCE OF DISTRICT II►IPROVEMENTS ssclism 6.0t. Desj=.J5a ncina_and Congb%wtion. Unless otherwise specifically provided in this Agreement,the Developer will design,finance,construct,and convey to the City on behalf of the District all District I mprovements at no cost to flue City. All construction will be bid in accordance with the requirements applicable to the District under the rules d the TCEQ and Chapters gq and yq,Texas Water Code. All District Improvements will be designed and constructed in accordance with the Applicable Ruler: and the regulations of any other governmental entities with jurisdiction and pursuant to plans and speuficatlons approved by the City Unless the Developer's service requirements for the lAnd change or the Parties otherwise agree,the City will not require that the Developer or the District oversize,finance,or construct any utility,park,or road improvements to seen property other than the LAM Section 6.0=. Con�yanee. Owoershin, OraCM600. and Mainteaanor Upon completion of construction of each phase of the District Improvements. p)the City will accept such improvements for operation and maintenance in accordance with the Applicable Mules, and (b)the Developer will prompt I)cmvey those facilities to the City,subject to 0)the CiWs obligation to provide service to thr.District as provided in this Agreement,(ii)a reservation of all capacity in thou facilities for the benefit of the District,and(iii)the Developers right, if any,to reimbursement from the District for the cost of thou improvements in accordance with the rules of the Commission. The Developer will also assign all contract rights. warranties,guaranleca,assurances of performance,and bonds related to the facilities conveyed to the City. The City agrees that its arcrplance of faulities and the related assignunents will not be unrewonably withheld,conditioned,or delayed. Upon any such conveyance and acceptance,the City agrees to operate and maintain such improvements in good condition anti working order and to provide senice to the fhstrict in accordance with this Agreement. Conveyance will not affect the Developer's right to reimburserrarnt from the District for the cost of any facilities. Noth,ng herein will prevent the City from using District Improvements to serve customers outside of the District provided that there is sufficient capacity reserved to serve the residents and property owners within the District as and when required by developanent within the[and. ARTICLE VII ALMIORTIY TO ISSUE BONDS Section 7.91. Anthadity to Issue Ho The District may issue ponds only as permitted by this Agreement.The Distrid may reimburse a Developer for expenditures authorised by Commission rules and regulations and this Agreement however, the purposes for which the District may issue[fonds are restricted to (a) The purchase, construction, acquuitton, repair extension, end improvement of land,easements,works,improvements,facilities,plants,equipment,and appliances(including capacity or contract nghts to capacity in any of the foregoinig) (Wn481151 u) <t (W1027117.1) 13 IW1028962.31 84 necessary tot: (1) Provide a water supply fur municipal uses, dome"r uses, and commernal purposes; (2) Collect, transport, process, dispose of. and control all domestic, Industrial,or communal wastes whether in fluid,solid or n+mprwite state(other than solid waste,as defined in the Applicable Rule); (3) Gather,conduct,divert,and IY,ntn)l kcal storm water or other local harmful eaermesof water, (4) Design_acquire,construct,and finance Road Projects;and (5) Derelop and maintain park and recreational facilities,subject to the aWliabie limitations o(Section 49461-49 466.Texas Water Code,or as permitted under Section 54 2ot.Texas Water Cade; (b) Refunding any outstanding hoods,provided such refunding(fonds sallsfv the terms and conditions of this Agreement; (c) Paying organizational,administrative,and operating costs dunng creation and construetxrn periods and interest thereon,subject to the applicable lim.tatlonc of Section 49.15&Texas Water Code;and (d) Paying other expenses authorized by Section 49 nSS,Texas Water Code Sg&t79L 2&a• Cry Submittals:Obieetiona. (a) The District agrees to give written notice to the City of its intention to isale [kinds as follows: (i) If the Dislnct Intends to issue Roods that requireTCEQ approval,the District will provide notice of same to the City Manager and City Attorney concurrently with the Dlxtrict'c submittal of each application to the TCFQ for approval of issuance of Bonds,which notice shall include: A A copy of the District's application to the TCEiQ,including the amount of Bonds proposed for musnee, a general description of the protects to be.funded by the Bonds,the engineering report,the projected debt service schedule,the projected Nstrict debt service tax rate after the ,losing date of the Bonds,and the projected final maturity date of the itonds, R Written certification by the District's financial advisor that the Bcmds,when issued.will meet the esistinR economic feasibility guieklmes established by TCEQ for districts issuing bonds in Williamson County;and C. Written certification by the IXstrict that the District is in enmpinance to all material respects with the terms and conditions of this +vlti l 151 1 1 I rw011dll�l let 7 JW1047117.11 14 {W1028962.3} 85 Agreement. (2) If the District intends to issue Sonds that do not require TCEQ approval (e.g., Bonds for Road Projects or refunding Rends), the District will provide notice of wine to the City Manager and City Attorney at least thirty(30) days pnor to pricing of the Bonds,which notice shall include: A The arnount of Bonds proposed for issuance, a general description of the projects to he funded bl the Bonds or Bonds to be refunded by such Bond%, the engeneering report (if applicable). the projects(deht service schedule,the projected District debt service tax rate after the clming date of the Bonds.and the projected final malunty date of the Bonds B Written certification by the District's financial advisor that the Bonds,when issued,will meet the existing economic feasibility guidelines cstablishcd by TCFiQ for districts issuing bonds in Williamson County,and C. Written certification by the lhsirict that the District is in compliance in all tnatenal respects with the terms and conditions of this Agreement (3) Within five (g) days after pricing of any ponds and no loss than knirteen(14)days hefnre the dosing date of such Bonds,the Distinct shall provide the Citv with the following information A. If'1'CW approval ;s required. a ropy of the TCEQ order approving the Bonds; B. A description of the District Improvements to be funded by the&)nds,if applicable; C. The amount of Bonds being proposed for isnianer, 1). A dent sentce schedule for the Bundy; E The proposed f)istnn dehi service tax rate after the closing date of the Bond, F. A saving,%schedule for anv refunding Bonds;and G Written certtftcauoe by the District that the District is in compliance to all material respects with the moditioms yet forth in thie Agreement. including without hrniLttion the 'information necessary to midence compliance with the mluirements of Sectiuu 7.tW. (h The City may object to a Bond application or to the issuance of a series of Bonds for the reason that a Developer or the District is:n default of any provision of this Agreetent If the City ub^ts to a Bond application or■ssuane due to such a defatilt(a 'City Qbieetlog"),the City shall have a period of thirty(;lo)days after receiving the xnai�si iu twdA,r r y> 8 (Wt027117.1) 1 j {W1028962.3} 86 information mqutred by Sections 7.ozfaN I I or 7.02(a)(2).as applicable,and a period of ten(to)days after receiving the information required by (a)(;j within which to notify the District of the City Objection. If the City timely objects to a Bond application or issuance due to such a default,the Bond application and issuance will be delayed until such time as the default is cured If the City fails to object to a Bond application or issuance within such periods specified herein,the City shall be deemed to have waived all objections. If the City objects to a Bond application or issuance,such City Objecticst must: (a)be in writing;(b)be given to the District (c)be nigrwd by the City Manager or the City Manager's designee,and(d)sponfically identify the applicable provision of the Consent Ordinance or this Agreement as to which the District or the Developer is in default. If a City Objection is timely given to the District with respect to a specific Bond application or issuance of Bonds,the City and the District shall cooperate to resolve the City Objection within a reasonable time,and the Bond application or issuance of Bonds to which the City Objection applies shall be delayed until the City Objection has been cured or waived by written agreement. (c) Within thirty(30)day-A after the closing date of a series of Bonds,the District shall deliver to the Cih Manager a copy of the final official statement for such series of Bonds and a copy of any report on reimbursable costs required by the rules of the TiCftt). The District shall send a copy of any material event notices filed under applicable(ederal securities laws or regulations,to the City Manager within thirty(30) days after filing such notices with the applicable federal agency If the City requests any additional information regarding any issue of District bonds.the District will promptly provide any such information to the City. Stetion 7.oa. Bond Uarti1 Ampunt, The total amuum of Bonds issued by the Dtstnct,exdluding refunding Bonds.shall not exceed Siq,utu.usm unless approved by the City Section,7.oa. Terms and Conditions of lgonds. (a) Bonds, including refunding Bends, issued by the District shall, unless otherwise agreed to by the City,comply with the following mquimments: (i) No individual series of Bonds will be issued with a term which exceeds us years from the closing(late of such series of Bonds: (2) The Bonds(other than refunding Bonds and Bond%sold to a federal or state agency)shall only he sold after the taking of public bids therefor(unless current law changes to permit otherwise),and no Bonds shall be sold for less than ninety-seven percent(97%)of par.provided that the net effective interest rate on Bonds so sold.taking into account any discount or premium as well as the intere4. rate borne by such Bonds,shall not exceed 2%above the highest average interest rate reported by the Daily Bond Buyer in its weekly'20 Bond Index'during the 3o-day period next precedwg the date notice of the sale of the Bonds is given(or, it the Daily Bond Buyer ceases to exist,a comparable publication reporting ateragc hind interest rates), ralaal ,r ,. Iwnsa,(s,(dt 9 (W1027117.1) 16 {W1028962.3} 87 (4) The District shall reserve the right to nderm its Bonds not later than the tenth(tun)anniversary of the cli-ming date of such Bonds,without premium: (5) No variable rate Bonds shall be issued by the District; (6) No Bonds (other than refunding bonds)shall he issued by the [district subsequent to the fifteenth(t5*)anniversary of the Effective Date.of this Axtc'ement; (7) Any refunding Bonds must provide for a minimum of three percent o%)present value savings and,further,must provide that the latest maturity of the refunding bonds may not extend beyond the latest maturity of the refunded Bonds;and (8) Capitalized interest shalt not exceed three years interest Ssstion7.os Not—cittion for Bond Reviews. The nistnct agree,;to include,in rash applicaboa to the TCW for the approval of the issuance of Bond%,the terms and conditinns of ALIIS Lh Yll of this Agreement The Owner and the Distort each agree that no Developer will be permitted to request reimbursement or authorization to reimburse any cats or expenses not authorized by this Agreement. Section 7.06. Ilmit Rj_Cib Liability. Unless the City dissolves the District and assumes the assets and liabilities of the District under ARTICLE V111 below, the Bonds or any other obligations of the District shall new hemme an obligation of the City. The City's obligations under this Agreement shall nut extend beyond its express aRrecmt:nts hereunder,including the obligations to operate and maintain the District Imprmements after conveyance to the City and to use the Di5lncl Impttrvements to serve thr land. ARTICIJK VIII DISSOLLY'l ION OF DISTRICT Section 8.01. Dissolution. the City may dinotve the District at any tiene after the District has issued Bonds to finance all Reimbursable Costs paid ur incurred to construct the D tstrict Improvements that are required to serve full development of the Land Clion dissolution of the District,the City shall assume the indebtedness and legal obligations of the Model to the extent requited bylaw. AR'RCIF IX CONCEPT PLAN AND DEVELOPMENT MATTERS Section 9.01 Phased Dcyelooment. Because it is anticipated that the Land will be developed in phases,portions of the land not under active development may remain in use as agricultural Deride nr as open space land. StCtIQII g.01. ConrM Plan. The City hereby confirms- (i)its approval t4 the Concept Plan,and(ii)that the Concept Plan complies with the City's General Plan,as amended The City approses the land uses,densities,exceptions,roadway alignments MOW 110 W W (W1027117.1) 17 1WI028962.31 88 and widths,and other matters shown on the Concept Plan,and confirms that the Concept Plan has been approved by all required City departments,boards.and commissions. won Q.oi. "Develoom"Sutua. tf and as the Owner,or any successor or permitted assignee.of the Cmoer, initiates development of all or any portion of the Land,the Owner,or the applicable successor or permitted assignee of the Owner,will notify the City in writing of such election(whew notice must also describe the portion of the[and to be developed),at which time the Owner, or the applicable successor or permitted assignee of the Owner,will hecvme(and will be deemed to have assumed the obligations of)a'Drvriaper'under this Agreement as to the portion of the land described in the notice . pa4•oa. Uniform and Continued Develonment:Vesting. The Parties intend that this Agreement authorize certain land uses and development on the Land;provide for the uniform review and approval of plats and development plans for the Land; provide exceptions to certain ordinances; and provide other terns and consideration Accordingly,the Land will be developed and the infrastructure required for the(arid will be designed and constructed in accordance wnb the Applicable Rules. the Concept Plan,and this Agreement. Subject to the terms and conditions of this Agreement,the City confirms and agrees that the Owner and any Developer hereunder has vested authonty to develop the land 'n accordance with the Applicable Rules. Ordinances,rules.or regulations,or changes or modifications to the City's ordinan(es, rules,and regulations,adopted after the Effective Mte of this Agreement will only be applicable to the extent permitted by Chapter 245.Texas Local Government Code.If therr is any conflict between the Applicable Rules and the terms of this Agreement,the ternis of this Agreement will control. Section o.oa. Term of Approv la. Except as provided below,the Concept Plan will be effective for the term of this Agreement. Any preliminary subdivision plat or final subdivision plat that is consistent with the Concept Plan,the Applicable Rules,and State law wifl be effective for the term of this Agreement. The Concept Plan will be deemed to have expired if no final plat of the land is recorded for a period of five(5)years after the Effective Date of this Agreement or five(5)years expires after the recordation of the last final plat. Sec4on e.ofi. AM=dM=tl,W-CBDSSptJUU. Due to the fact that the land comprises a significant land area and its development will occur in phases over a number of years,modifications to the Concept Plan may become desirable due to changes in market conditions or other factors. Variations of it preliminary plat or final plat from the Concept Plan that do not increase the overall density of development of the land will not require an amendment to the Concept Plan- Minor tliange.,to the Concept Plan. including minor modificalinns of street alignments; minor changes in kx lines; the mksignation of land for public or governmental uses;changes in lot sizes that do not result in an increase in the coverall deruity of development of the Land(including any increase in lot sizes resulting in a decrease in the total number of lots);or any change to a public use, including, but not limited to school use,will not require an amendment to the Concept Plan or City approval. Major changes to the Concept Plan must be eWnsistent (WUNILI I.1 14; (WuaanU 4) 11 (K 1027117.1) 18 TWI028962.31 89 with the trans of this Agreement and will be subject to review and approval by the City, which..ill not be unreasonably withheld. Seslioe 9,A7- Mmctor La2t& TTx conveyance,from time to time.by nietes and bounds or otherwise of any portion of the Laid to any person for the purpose of qualifying such person to be a member of the Board of Directors of the District will not be considered a subdivision of land requiring a plat or otherwise requiring the approval of the City. Sec6ona.o$. QIhSL-LajUjjffi. The City will prmidc solid waste and re"11 ling cervices within the District for the same rates,in the same manner,on the same terms and conditions,and subject to the same regulations and ordinances,as amended. that the City provides solid waste and recycling services to other customers inside its corporate limits. 71x District will have no habllity for charzcs far such comic"except for charges for services provided to the District,if any. The Developer well have the right to selml the providers of cable television,gas,telephone,telecommunications,and all other utilities and services,or to provide'bundled"utilities within the Land. Sczlon y.oa. Manill aciated Homc for District Flectiona. One (i) 11111-rrrtified manufactured home may be located within the[And solely for the pur,a e of providing qualified voters within the District for the District's confirmation,director, and bond elections. The manufactured home permitted by this Agm-nent will not require any permit or other approval by the C:ny and will be promptly renwn-ed when no longer needed S tiro-g 1Q. Impact Fees Anv impact tees payable to the City with respect to the land will be paid by or on behalf of the Developer to the City in accordance with the Applicable Rules; and, in cunsideration of the payment of impact fees, the Developer will acquire,on behalf of the District,the guaranteed right to receive service from the City',i water,wastewater,and/or roadway systems,as applicable,for the living unit equivalents of service for which impact fees have been paid. ARTICLE X AUTHORITY Smd R IQ&1- AaItbQljty. Th.s Agreement is entered into,in part,under the statutory authority of Section 552.0r4, Texas local Government Code, which authorizes the City to enter into a writtrn contract with a water district created under Article XVI,Section%9 of the Texas Constitution under which the district will acquire for the benefit ref and convey to the City one or more projects. ARTICLE Xi TERM.ASSIGNMENT,AND REMF.DiF.S Sscjjgn LI&&. 1=. llic term of this Agreement shall commence on the Effective Dale and(unless terminated pursuant to ARTICLE Il)shall continue until the District is dissolved in accordance with ARTICLE VM. tvtaatisi ui tMua111154 4 i 12 (W1027117.1} 19 IW1028962.31 90 Secficon Termination and Amendment by Asxtsmm t. This Agreement may be terminated or amended as to all of the LAnd at any time by mutual written consent of the City,the Owner,and,following creation of the District,the I)Wrict; may be terminated or amended only as to a portion of the lend at any time by the mutual written consent cif the City, the Owner of the portion of the land affected by the amendment or termination and.following creation of the District,the District:and,after full-build out of the land.may be terminated or amended at any time by the mutual written consent o(ibe City and the District. Sectiffiu.43- Amlirnrnent- (a) This Agreement,and the rights of the(),oner hereunder,may be assigned by the Owner,with theCity's consent,as to all or any portion of the 1Lnd.Any assignment will be in wriung,specificalh•set forth the assigned rights and obligations,be executed by the proposed assignee,and be delivered to the City Ttrc City s consent to any pmpaa.ed assignment will not be unreasonably withheld or delayed. The City hereby expressly consents to and approves the assignment of this Agreement to Meritage Ifomes of Texas, I.I.0 and agrees that no further consent to such an assignment will be necessarv.however, a mpy of such assignment must be delivered to the Cnv (b) if the Owner assigns its rights and obligations hereunder as to a portion of the land.then the rights and obligations of any assignee and the Owner will be severable, and the Owner wr0 root he fable for the nonperfnrmanee of the assignee and vice versa. In the cage of nonperformance by one Developer,the City may pursue all remedies agninst that nonperforming Developer(s), but will not impede development activities of any performing Developer as a result of that nonperformance. (e) This Agreement :a not intended to be binding upon, or create an} encumbrance to title as to,any ultimate consumer who purchases a fully developed and improved lot within the land. Section it.ua Tian fea. (a) 1fthe City defaultsunder this Agreement.theOw.nerorthe District maygive notice setting forth the event of default(' -)to the Oty if the City fails to cure any default that can he cured by the payment of money(31foricturg Default)within 45 days from the date the Citi receives the Notice,or fails to commence the cure of any default specified in the Notice that is not a Monetary Default within 45 day%of the date of the Notice,and thereafter to diligently pursue such cure to completion,the Owner or the District may enforce this Agreement by a writ of mandamus from a Williamson Count I)Larict Court ar terminate this Agreement:however,any such remedy will not revoke the City's consen',to the creation of the D istnct. (b) If theOwner defaults under this Agreement,theCl'h or the District ma)give Notice to the Owner If the Owner fails to cure any Monetary Default within 45 days from the date 1 receives the Notice,or fade to commence the core of any default specified in the Notice that is not a Monetary Default with in 45 days of the date of the Notice.and thereafter to diligently pursue such cum to oompletmn,the City or the Distnct may enforce this Agreement by injunctive relief from a Wnlltarrtson County District Court or 'Wool lie µl 1W."11V V' tit {Wt027117.1} 20 W1028 62.{ 9 3} 1 9 terminate thin Agreement, however. except as permitted by Section 2.02, any uxtt remcd)will nut revoke the City's consent tothe creation of the Diu rict. (c) if the Districtdefau Its under thts Agreement.the City or the Owner may give Notice to the District. If the District fail-to cure any Monetary Default within qg days from the date it receives the Nonce,or fails to commence the cure of arty default specified in the Notice that is not a Monetary Default within qs days of the date of the Notice,and thereafter to diligently pursue such cure to completion,the City or the Owner may enforce this Agreement by a writ of mandamus from a Williamson County Dtxtrict CAcort or terminate this Agreement;however,any such comedy will not revoke the City's consent to the creation of the District. (d) If any Party defaults,the prevailing Party to the dispute will be entitled to recover its reasonable attorney's fees,expenses,and court costs from the non prevailing Party secuen Is.QS• CutoRcrado la) The Parties each agree to execute such further dcuvments or inArtiments as may be necessary to evidence th-r agreements hereunder. (h) The City agrees to cooperate with the Develuper(s)in connection with any waivers or approvals that the Devcrinper(s)may desire from Williamson County in order to avoid the duplication of faalities or services in connection with the development of the Land. (c) In the event of any third-party lawsuit nr otherclaim relating to the validity of this Agreement or any actions taken hereunder,the Parties agree to cooperate in the defense of such suit or claim•and to use their respective best efforts to resolve the suit or claim without diminution in their respective rights and obligations under this Agreement. ARTICLE.XII MISCELLANIKOUS PROVISIONS Section lj.oi. Nod . Any remise given under this Agreement must be in writing and may be given: (i)by depositing it in the United States mail,certified,with return receipt requested, addressed to the Party to be notified and with all charges prepaid; or(ii)by depositing it with Eoderal Express or another service guaranteeing 'next day dclivery',addressed to the Party to it notified and with all charges prepaid;or (ill)by personally delivering it to the Party, or any agent of the Patty listed in thu Agreement. Notice by United States mail will be effective on the earlier of the date of receipt or three(3)days after the date of mailing. Notice given in any other manner will he effective only when received. For purposed of notice,the addresses of the Parties will, until changed as provided below,be as follows: Cl LY: City of Round Ruck 221 Fast Main Street Round Rock,Texas 78664 Attn:City Manager ;wsrsnfi 14) rw06811sl10 t4 (W to27117.1) 21 {W1028962.3} 92 With Required Copy to Stephan I_Sheets Sheets&Crossfield 309 p..Main Street Round Rock.Texas 78664-5264 OWNER. c/o Scott Clessman 3232 l rexlrr Road fewltana.Texas 755oi Wi I h Required Copy to: _ . And Required Copy to Meritage Homes of Texas,IJ.0 8920 Business Park Dnve,Suite 350 Ault m,Texas 78759 Attn: Elliot Jones DISTRICT John W.Bartram Armbrust&Brown,PUR too Congress Avenue,Suite Moo Austin,Texas 787o1 The Parties may change their respective addresses to any other address within'he United States of America by giving at least five days'wntten notice to the other party.The Owner may,by giving at Imm five days written notice to the City,designate additiorud Parties to receive copies of notices under this Agreement Ststiort t2.02 Snmhility. if any promion of this Agreement is illegal, imalid,or unenforceable,under present or future laws,it is the intention of the parties that the remainder of this Agreement not be affected,and,in lieu of each ifleFal,invalid. or unenforceable provision,that a pmvv ion he added To this Agreement which is kgal. valid,aid enforceable and is as similar in terms to the illegal,invalid,or enforceable provisinn as is posiohle ,s-e{-tlon as.Tkt. Wainer. Any failure by a Party to insist upon strict performance by the other party of any material provision of this Agreement will not be deemed a waiver thereof or of any other provision,and such Party may at any time thereafter insist upon strict performance of any and all of The provisions of this Agreement. section 12.0a. Apgifirable law and Venue- The interpretation, performance,enforcement,and validity of this Agreement is governed by the laws of the State of Texas. Vcnuc will be in a court of appropriate jurisdiction in Williamson County, rexas Settfon 12.os. EnliELAgmmcw. This Agreement contains the entire agreement of the Parties There are no other agreements or prrmlise%,oral or written, t>rownA]N; (W."I'y 141 15 {W 1027117.1) 22 {Wlo28962.3} 93 between the Parties regarding the subject matter of this Agnxment. This Agreement supersedes all other agreements between the Parties onncerning the subject matter. $Cd1QA iZ ob. Pxhibib.Hesdinr&Conatr UCtion and Counieemra■. ki scheduk%and exhibits referred to in or attached to this Agreement are incorporated into and made a part of this Agreement for all purposes. The paragraph headings enntamed in this Agreement arc for convenience only and do not enlarge or limit the scope or meaning of the paragraphs. Wherever appropriate,words of the masculine gender may include the feminine or tweuter,and the singular may include the plural,and vice-versa. The Parties aeknowledge that each of them has been actively and equally involved in the negotiation of this Agreement. Accordinglv,the rule of eonsiruction that any ambiguities are to be resolved against the drafting party will not be employed in interpreting this Agreement or any exhibits hereto. This Agreement may be executed in any number of counterparts,each of which will be deemed to be an original,and all of which will together constitute the same instrument. This Agreement will become effective(as of the Fffective Date of this Agreement)only when one or more counterparts, indindually w takeu together,bear the signatures of all of thr Parties. Section ,y=. Imo. lime is of the essence of this Agreement In computing the number of days for purposes of this Agreement,all days will be counted, including Saturdays,Sundays,and legal holidays;however,if the final day of any time period falls on a Saturday,Sunday,or legal holiday then the final day will be deemed to he thenem day that is not a Saturday.Sunday,or legal hohday. Seefion 09. AMthuritY fQr f xeculion. The City certifies,represents, and warrants that the execution of this Agreement has been duly authorised and adopted in conformity with its City Charter and City ordinances. The Owner hereby certifies, represents,and warrants that the execution of this Agreement has been duly authorized and adopted in conformity with the constituent documeat_s of each person or entity executing on behalf of the(timer. Section a2.00 Force Matietan. If,by reason of force mWure,any Party is rendered unalyde,in whole or in part,to carry out its obligations under Ihis.agreement, the Party whose performance is so affected must give notice and the full particulars of such torte majeure to the other Parties within a reasonable time after the occurrence of the event or muse relied upon,and the obligation of the Party giving such notice,will,to the extent it is affected by such force majeure,be suspended during the continuance of the inability but for no longer period. The Party claiming force majeure must endeavor to remove or overcome such inability with all reasonable dispatch. The term fQM rrtgjeurg'meant:Acts of God.strikes,lockouts,or other industrial dmurbances,acts of the public enemy,orders of any kind of the government of the United States tee the State of Texm.or of any court or agency of competent jurisdiction or any civil or military authority, insurrection, riots, epidemics, landslides, lightning. earthquake, rites, hurricanes,storms, floods,washouts,droughts,arrests, restraints of government and people,civil disturbances,vandalism,explosions,breakage or accidents to machinen. pipelines or canals,or inability on the part of a Party to perform due to any other causes not re,sonabty within the control of the Party claiming such inability 111s11 11 11; [Wrgahtit i11 iti M1027117.1} 23 {W1028962.3} 94 • rRICaYtrilalka- As used in this Agreement, the term 'including'means'including without limitation'and the term'days'means calendar days.not husrness days. Where,er required by the context,the singular shall include the plural,and the plural shall include the singular Fach defined term herein maybe used in its singular or plural form whether or not so defined ,11- No ndrd-Phru 6enenci■.. (-his Agreement is solely for the benefit of the Parties,and neither the City.the fhstrict,nor the Owner intends by any provision of this A moment to crate any rights in any third-party beneficiaries or to confer any benefit upon or enforceable rights under this Agreerent or utherwise upun anynne other than the City,the District,and the(honer(and any permitted assignee of the Owner). sim-tion12,13- Exhibits. The following exhibits arc attached to this r1(¢cemcnt,and made a part hereof for all purposcs� Axhibit A- Metes and Bounds Description of the land Exhibit B- Concept Plan F.xhibi$C- CltyConsentRe,olutiun Exhibit D- Depiction of Kenny Fort Boulevard Realignment and Park land IN WrINFM WHEREOF,the undersigned Parties have executed this Agreement on the dates indicated below to be effective as of the F.ffecti%r Date of this Agreement (Signatures on the following pages.) ;Wuaarr5l 14) 17 (WI027117.1) 24 {W1028962.3} 95 COUNT FRPART SIGNATURE PAGE TO CONS04T AND DF,VELOPMENT AGREEM , C17Y OF ROUND ROCK By: _ Crkrmwivayor Date: 7'11 S JTATF.OF•TEXAS 4 9 COUNWOFWILUAMSON 4 Tins insirvment was acknowledged before me on-�/� . 20i9. by Craig Morxan,Mayor of the City of Round flock,a home-rule city tin'behalf of said City. a1W/1 .yl�4'�`�'M— MY Notary Public Signature M (Seal) r� 4. ;V6 f. {W(Mjksl v) r8 {Wi027117.1} 25 {W1028962.3} 96 COUNT KPART SIGNATURE PAGE TO CONSENT AND DEVELOPMENT AGI EENCEW Q $: CRESSMAN ENIERPR1SES, Lp, a Texas limited partnership BY- Creasman Enterprises GP,LLC,a Texas limited H b ' 0011FWY, itc General Partner By" rn Seott Cressn=, Managing Date: M r 1. I RA A. MAN M. Crewman. Agent (Attorney-in- ) Date: f - FSTATE OF MARVIN IL CR SSMAN, A/K/A MARVIN RICII CRESSMAN, DECFASILD + Scott Muir Crrssman, Independent ExecAOr Of the Estate of Marvin R. Creasman, a/h/a Marvin Richard Crewman, Date: 1.'1r,tarYArknnw-icdgtnents for tM+Q;Oper on Follc.%jag Pagel 19 JW1027117.11 26 {W1028962.3} 97 'TliE STATE:OF 1FXAS � COUNTY OF^-60 OX ; 4 This instrument was-Anowledged before me on the 1AdaY of tjA"_,2mq, by Scott Crettaman,Managing Member of Creasman Fnterpriaes GP,LLC:,a Texas limited liability Company, General Partner of Creasman Enterprises, I.P. a Texas limited partnership,on behalf of said limited liability Company and limited partnership. (SFAI,) rp aE?rrF75 yl ar par snn ar aus Notary Pu Ik 3ibnattrre q(�aYM 6r+P 2►rr THE STATE OF TEXAS g COUNTY OF k �NQ g Phis inrtrament was acknowledged before me on tht-1dagof MA4 .2019, by Scott M.Creasman,Agent(Attorney-in-Fact)of Kathryn A Cremmu ,tm'behalf of Kathryn A Creminan (_ ' o f yagr Pfilla Ks (SEAL.) x0uar Pl3L ST4f a'�aii Notary Pnb C Sv!pluare e :3715f.1 w;.s...� THE STATE OFT DW g couv YOF i $t- 4 4 This ntstrument was acknowledged before me on the-2 dayo( tiny, by Scott Mark Creasman,Independent Executor of the Estate of Marvin R cressntan, a/k/a Marvin R chard Creasman, Deceased, on behalf of the Estate of Marvin R. Crracman.&A/a Marvin Richard CYes man,Deceased.. !Y ' (SP11.) � mrgj&1cA VATF 01�w Notary Public Signature m�+rms1 •'pig 11'rl NJ {W1027117.1) 27 {W1028962.31 98 COUNTERVAk'i'SIGNATURE PAGE TO CONSPNI'AND DEVELOPMENT AGREEMENT KOUN ROCK MUNICIPAL UTILITY DI NO.z z � liv 40fYIfidPr'�'. ?resident r• w = Ba rd of Directors — r w • Date; • F.*ru y 1%. 10PO -- rhrrntHlt� 'l'l IL STATE OF TEXAS § COl7MY OF WILLIAMSON § This instrument was acknowledged before me on 2020,by "r"'d " .President of the Board of Directors of Round Rocl btunicilul l tility District No.2,on behalf of said District. 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No 2*Lvsn11 1 ti O.RRWCT 0 T � 1 -PARCEL 1- GRAPHIC SCAR M 1 STATE OF VMS goo -- R PART /--1307 AC ,� o "D 1 VOL. 1970.PO- sis .N Fro t. 1 O.R.VCI YATCHUNE SHEET 7 RMCNE LAND sTMYETORS, MC. 1 �• �.i�i..•�..'.ri OPtA.IPI Rr.r out {pKtl l t l 14, {No69uq/.1 29 {W2o27227.0 36 {W1028962,3} 107 !!!� jjdATCNUNE ! 4ATCHUNE SHEET 9 . .M('KIE THOWAN SlttOrw50r O RW;,.* Zu M itET •xx�� I I v� 564 2T T1043 CRESSON 046.1 81.41 ACHES( ,8.4 �Rts iC 0.74tit7FEa 2O0]061A+ P � tiARCEI I' .. O. R.W.0 T I 18235 AC - � J r Z�VF ,,. Ad S[UNE LINO SOVEYORS. MC. � R ss" Aavanr w JIItK7.W saw",r ..rrr rrW rM rw. S�S :•31r't jam. T���'3': swn T.Tarv.— _ t�7{t111,i; {W I027117.1} 37 {W1028962.3} 108 _YATCNUNE SNEET ---ire �� S YAT�1lRiE SHEET 9 --�- - —- n j 9 e x id— I d4k-ma Xr.. 6r 297 EMtEAPRISiS. � P IRACI [�c 6141 ACR£S (71 al 6cREs i M � x Y3C 40. Z 7003D638 i I n� noawcI c K 1CALf POINT OF BEGINNING- z y [[e ra a no BEGINNING 2" J .7V Urr S Lr aS 7j -62 35 AC• '1 Fit t, ttEE�� a "O^ r yMgal. w i tyt�N,l?yr- S �EtRLL Y �s _ yYlfK /.77 a< �o r +N A+ v r 1 iccTELITE�SIEEE? PASIELINIF LAW SUNWrtVW PC. ��ylyy •r y�Y 1Af>�r VO R1lw Ri![M!! e r.i Ur�.�.lie.z1 rr rw�r..t•rt M w .[r4�Rr MV Iratl�a u7 (100"It:t 41 31 {W7o47717.1} 38 {W1028962.3} 109 MATC NE•»—,a-" �1cE •0 yrY �'�� s�E r'6— �p� WYCNLME SHEET 41 a[o,Ao roa.,cnn [[i•!['yY rvas�y ar ndl sr.' ,�'., [[o ran er[r([�[[pp'•1� ' •m.t,wear t - wln�aY(y�MA ooec+raw'A' cm a Tar vr[ "[e a,'h00� PONI Of COY1(MdN� 1 aMt � .YeJaV�Ylrrl[eaY7 �PAYCFI 1' I feC n6 36.m l /'.„m m a., gip• ►•NCEI 3' s�M7o1i ` SSar [) I� 1,1 s„',e••a22"f t 19.22't•n ar) (Mr7Ti0[7 I�ratY!(.�aNl t (� CRESSIMM (ME11PR+y5. LP L.61. 7 Pl.all 2.00 ACRB o��c• DOC NO. 20070tf1El, t O PAWC.I , Ko. a[,eortew• 4A[[ 3 C ow- .,01 r. �I�Y COAPreC SCAU �•• •••• ZZ= .. �.�.. w r[TT YASEUNE LAND iiFW 'DRS• WC. 1 � rwor[narr,w[rSaau[r[[was IMP,IFIMMOZ-iE. _�� l �ir Orr1i art M�w +^reAr wN jorfir� w...s w iM w +••�ww. .12 {W SOZ7117.11 39 IW1028962.31 110 : CRESS1wtl1 I�~`'1■~ •l! T— I EM'ERMSESPtR%oa 1.41 Ap�S )aa1 ACM� I-- .If4Dos rim l »[c•11o1�7. nwsr 7 — v 200b6Jbtt 7ac..o.)o��araao 0.M•CL • O.P.R.•1.GT. • yr+{1�Ma 77.1 1 n. 1 1 tc•oo•vaam c� am w 301007... e••t* Zn. Sa A Kd.4 Yu.a•.y CRESsrt•I EMICRPars[S. .P TRICT I 81 a1 ACRES ;760 ACRE 14T) wc.N0, O v 1e W,C T JZS 'PARCEL 1' 1 GRAPW SCALF ' 111611ATCHl146t N/E£T 1 SHEET 10 ■�� � .I Y, 1yaT PRDFCZSWMA ��=i'� i �e rev YASEUMF L►LAW SlMYE70RS. tlIC. +v.....r..«.. .�TZ:� I.w� -SFr•'- ^ems-'" it fN'1)tE.114' 33 1WI027117.11 40 {Wio28962.3} 111 MUMS Cunoept visa [macbedj rioal131 IJ (WON)ISi W '14 {W1027117.0 41 {W1028962.3} 112 gal : zZ I°�'�IIIIIIIIIfII��I�RE3SIhANRWCN IMaYu51 1,) 35 {Wi027117.1) 42 {W1028962.3} 113 EXHIBIT C City Consent Resolution [attached) IMD41111/� (Wt027117.1) 43 {W1028962.3} 114 EXHIBIT n nepiclinn of Kenny Fort Boulevard Realignment artd Park lend latlached] Yp�1115f 71 37 (wo�u{uy wS {WIo27t 17.1} 44 IW1028962.31 115 f- 1 � M^ti„s+.y1 3" {Wi027117.1} 45 {W1028962.3} 116 EX IBI B DESCRIPTION OF PHASE z L LANDESIGN* SERVICES, INC. I01W11 W ri 1 1 AIM%1101 lera.7an.42 1 IN11 N thm No 11111"18110 -12:IS,7a,1 offlcc MI-77>ti AND 11011 INIS IM 3411Y11ON µl•1NG 10.92 ACRE%OF I AND.SLRVI-.YI 1)BY LANDL%IGN SFRVICFS. lx(..SinW1l:D IN III-WILIJS IX)NAIIO)R SURVVY.ARS'IRACT\O 113 IN a'ILLIAMSON C Ot T%TY.'II:X.AS AND BEING A POR II(W 01' A ('AIM) 1i4-62 AVRI IRACI OF LAND 1M'S('RIBLDAS'rkAC1 1.IN A 'A'ARKAVY IMt1-3) FO l"RI:SSMAN FN1liRPRISL•S.1.1'..AS Ill COMM•U IN D(XI1Mt-N 1 NO.2tkltil)(1Ie11.IN 'I IIh OFFICIAL PUBLIC kI-C'ORI)S Uf WILLIAMMMJ L(X)\'I Y. 'I VXAS (O.P.k.W.C.-r.). AND BIANG MOR1 PARTICUTARI.V I)ENCRIBLU BY NI.1'I:S AND BOUNDS AS I-OLLOWS RmINNim.at a In-inch mtw with cap Stamped'I SI SIIRVFY"set in the I act lux of.,lid 134.62 acre tract and the Wea line of Lm 21.JACKII: I I IOMPAW tit IRDIVISION.mconk-l in Cabinet 1.Slide W-qt-oftlk plat kv mdsul'N'ililamminCounty.IctasW.k.W.C.I).from which a I'2-inch rehar with cap o m rwd"l NI Sl IRVhY"tit fin 111c Nlwtheacl corner of said 114.0 acre tract and m the Wcg line of Ltd 30.aad JACK II I IIOMIS(NJ SU BIN VISION.alwt being in the vmmmg%oalh rgla-ul=wa) line ill C-ouun Rued 111(Old Senders FRigdecard R.O.W Vane). tvun Ninth 11 1 11141"Wco to dioatwc of I ill?J leci: fill Nll with the Iasi line of card 134-62 acre tract arxl the 11c51 line of mid JA(kit IIK)111St►\SUBDIVS10N.IN.folkming(wot_2)ctwivwe andJi+ialrccs I. MwtlA 12*1 I SC Fast a distance of 763.311 lim it)I 4-inch►char found for ilw Sotahwcst owner td lot W and the N(wtitm"t comer .w I tit III. said JACKll IIIOMI%ON M RIDIWON:and 2 Swdb 01*3rW Wr•a a distance of%1.62 het Io 1/2-inch rchar mth cap famlictl"I SI %I RVI Y'set.in the I mt line of cod 114 62 acre inwt and the A c l line tit I tit I i.'lid J%CKIL TII0MISON S(41IMVISION. 1-111 NO r.\er and Iwmss vsd 114.62 atR Ir:a:t.tle lollemin g sc%enumn 117)cmww%.i d dlaancc� I \orlh W21 V7"West a dnclant•e of 20.00 feet lit 112-inch rchar with cap Stamperl"I SI SI kVI) vn. \oeth 98°22'5I"Wed!1 dl.talke to 175.1111014m HI 11 inch r%+ar wish tali manglcd"1-SI NI kVl 1' ..y LI {W)027127.1) 46 {W1028962.3} 117 ~oath 01°3TU9"Ncst a dr,Iancc of 11.90 feel It, I!'-Itx.h rch.0 Ndl t.y aIa❑1(`c.l 'Ls1 [I'ItVI l".Ct: i Vnrth NN°53'36"Weal a di,tamc„f 32"list lu I 2-itith Ich;)r NItil C:11,,tawrW "I tit St kVI Y' .n S North(NW36'24"Fast;1 dis6mcc ,1'15.71 tivl to In-irkh rrlmr Niih tap gat)lvd'I 11 'M It\'!1' '-1 6 North N9"23'36"West a dl,tarkv nl 259,54 Icd to I?-irkh Rhar Nllh l'tl/llalllptd"I SI 51 kVl1"„y: 7 tiouth 00045.32"Fact a distance of 24.17 tccl to 1/2-inch rchar with cap damped'1 Sl til.k\I Y'set N. South 51°15'22"Keq a distance or itim fcvl it,IC-itch rcbar Ntlh cap rlaalptd"I tit sl IRVI Y'Wt. 9. A4rnN at umc al the RiRAt h sing a radius ol'60.011 fiat.an arc length tit 7D.1N1 ItYy,a rk161 angle of 67.36'35".and a churl Nhich hears%nalh 06°S6'21"Fact a distance of 66.76 fivl It,a 12•inch rchat Akh cap slamptd"I%1 M:RV'I,V"set: 10 South 61°0N'113"Fast a di,tancc of 7.70 lift w 1;2-hMh rvhar Nith tall.lasufmi'I Sl Sl IRVIN"wl: I I South 03*20*32"West a dtd,-me w 163A6 Pitt in U2-irxh rclwr N ith tip q.mipr,l'I%t SI Ikvvy"ct. 1:.North 05.10'40"West a dlslarrta of 6.1.3.1 kvi at 1/2-itch mbar will carp.Lunl>t•d-1 sl %I IR VI:Y-at: I.', reulb E7053*46"West a divamc of 200.(N livl trl 1/2-inch rchx„ilh tarp stampcd-1 1,1 Sl!kVP:Y"scr Id.Nargl 02' 14"West a dtslaocc of 17.70 kxf it,12-irkh rvf-.>'itll t.q,sIanlpcd'I%I CI'RVKY"ael: I�.�owt1 M'02.11"Nest a di<uiki o(IN0.71 1'cct to I!?.Inch n•tsu Nidt cap aangrd'I�I StIRVI:Y'wl 16 Along a cur,c I-,IiK kirbt Im,ulp a radius u1 3375.00 lies.a i,.it Iclttlh o 10.25 1,:,1 dells angle Ol 00°10'26".JFKI a churd%thieh bean South 00°52'33"Fait I JW,mt till 10.25 lewd trI a 1 n irkh attar Nith cap slangltd'I SI ti11RVVV'i;o..ttkl (3'Sr1027117.1) 47 {W1028962.3} 118 17 wrlh 119a12'4I1"%vol a Jist:xxc op 130.75 W, u.I•`-itxh 0.ixrr with c ll stantyxyl"I.S1 \I'RVI Y"lit In West lim of suid 14 62 wre Irani and oil the East lire of q3j 13).z0:AN Iraal. I IIENCL with the N'eu lira tJ and 134 62 acre tract ind dw 1-.asl how of saint l t.~0�krc Ir:xt. the Iidlowtrig Iwo(:)cout%LY aotl di.4ances I Along a curve It)tha•I_eh Noting;I rtadiwn of 29t1.43 flit,an arc length of 133.0 liel.a Jclta angle of 02a3S'23"..wkl a CINMd witlllt heap North 01"25'03"Wevt a dist;nxc of 133.52 Itat it,a I t:-irKh rehar with cap stamped"I Sl 51lRVIN-scu and North QZN16'14'N ert a distatxe of 11.17.6111 feet It I^_-mch rehu%itit cap W,snlx\I"I`I St'RVPY,so. 1111 MT owr aryl acnn.%said 114.62 acre tract,llk Ibltowing hto(2)cruse,anJ dIS116kT\ I North 21'43,,;r F.asl a dimancc of 1193.69 Ittt In I h_irKh rOxtr with cap.I.xnpavl 'I\I SURVEY*sae .'. North WIN'c7^FAM a d6lami:of 920.16 list to the POINT OF RF.t:INNIW;split eontuining>0,92 acre of land.room;tor k t% this project is referenced Iiu all heanxK and taxsrdirtatc hats to the 1 a,wt.Slide I'ktm*Owtim ok- \hm,Ntxlh Arncricaa 1 OWII1of 19811 NAM I 3U11;1djnamgtty.CttiXr 6�vtn 1d7i1iy. 1)1sl:axrc aI><I area.shown herein are gral vnhlc>n-pracrttcd yn 1 t.C.Sllrev 14-ct. this lxupertk tkxription was pmpaml lionl an .xl-the-grourlJ %unea perfonttcd Iauk7 Pik xapan i?it4l Will it acunnp,nred ht a sclxaalc pbI al'ccat Jere. tE OF tf .a J * . 1 rvt n C, alp a TRA1M15...TA000 Kcg slctatf 1'nde+stonal 1 and Condor `son6428+'' e 51,p1c of l c\ay\.t (wq X aA\..0-2.1 u;1 tu t 1g0a..Ili"1w• 11-1ArrUN,•►".•tvw11T..p.. LI M0277117 0 48 {W1028962,3} 119 0 N Ib O, 03 all W V ��i'� �:._...:..wow.i�:�.,i'�.�:�.,� .tee.'••...:a:—..._. ..r....�... ' ''n a .rae� f. ."'~ « ' Y:��3:�-........», w•.•. �.."L.'�:w'� •y: } o� I! ,tea« �'„ .w<w�w�boa ' �.�� •.'..' «aam.oi S w' ..'.•�. !�1,1 la w.0 a+wen.• f O `C � �' i - �w�•�+e—._........'..... .,... -.,�,...-:.s•.:=ems.�'... ,.:1..• a r' I , i lt� ,.�'�tS�: ....:......... ".,uy, o �. =+t4� a :•u^Ci11."`i�. dyA 11f41J1A Lm _ �'1• � itf yi'�^