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R-00-08-28-3A2 - 8/28/2000RESOLUTION NO. R- 00- 08- 28 -3A2 WHEREAS, the City desires to purchase a 0.203 acre tract of land for additional right -of -way for SH 45, and WHEREAS, 35/45 Investors, L.P., the owner of the property, has agreed to sell said property to the City, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Real Estate Contract with 35/45 Investors, L.P., for the purchase of the above described property, a copy of said Real Estate Contract being attached hereto 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, and the Act. RESOLVED this 28th day of August, 2000. ATTEST: LAND, City Secretary K \ NPDOCS \RESOLVPI \R00028A2.XP0 /sc RO:ERT A. STLUKA,, Mayor City of Round Rock, Texas State of Texas County of Williamson THIS CONTRACT OF SALE ( "Contract ") is made by and between 35/45 INVESTORS, L.P. a Texas limited partnership (referred to in this Contract as "Seller ") and the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Purchaser "), upon the terms and conditions set forth in this Contract. By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, the three parcels of land containing approximately 0.203 acres of land (8,842 square feet) situated in Williamson County, Texas, being more particularly described as follows: 1) Parcel #75: particularly described incorporated herein; 2) Parcel #76: 0.172 acre tract, (7,492 particularly described in Exhibit E, incorporated herein; and 3) Parcel 477: particularly incorporated C. \HPDOCS \ACITY \SH 45 \Larron[era \35_45 \K -final wpd /e1e REAL ESTATE CONTRACT ARTICLE I PURCHASE AND SALE 0.022 acre tract, (958 square feet) as more in Exhibit D, attached hereto and square feet) as more attached hereto and 0.009 acre tract (392 square feet) as more described in Exhibit F, attached hereto and herein; together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real property, rights, and appurtenances being referred to in this Contract as the "Property "), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE 1 Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of Sixty - Five Thousand, Six Hundred Ninety -six and 06/100 Dollars ($65,696.06.) The purchase price is based on a price of $7.43 times the number of square feet of the Property ( 8,842 square feet.) Notwithstanding the foregoing, if the number of square feet is adjusted up or down prior to the closing date due to redesign of SH 45 by the Texas Department of Transportation, the purchase price is to be increased or reduced by the product of $7.43 times the number of square feet of the Property more or less than 8,842. Payment of Purchase Price 2.02. The Purchase Price shall be paid in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction contemplated hereby are subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the closing). Preliminary Title Commitment 3.02. Within thirty (30) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused Austin Title Company (the "Title Company ") of 101 E. Old Settlers Blvd., Suite 100, Round Rock, Texas 78664, to issue a preliminary title report (the "Title Commitment ") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. Purchaser shall give Seller written notice on or before the expiration of twenty (20) days after Purchaser receives the Title Commitment that the condition of title as set forth in the title binder is or is not satisfactory, and in the event Purchaser states that the condition is not satisfactory, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the Title Commitment. 2 ARTICLE IV CLOSING The closing shall be held at the offices of Brown McCarroll Sheets & Crossfield, 309 E. Main St, Round Rock, Texas, as set forth below, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "closing date "). The parties hereto acknowledge that the Purchaser is applying for a loan from the State Infrastructure Bank (SIB) to finance the purchase of the Property. The SIB gave approval of the loan on July 27, 2000. Upon final approval of the loan documents, it is anticipated that loan funds will be available approximately thirty (30) days thereafter. The parties hereto also acknowledge that in the event the SIB loan documents are not approved, the Purchaser will need reasonable time to obtain traditional municipal bond financing, which could take up to 90 days after the process is begun. Therefore, the parties agree that the closing date will be whenever the SIB loan funds are available to the Purchaser, or whenever municipal bond funds are available to the Purchaser, or on December 1, 2000, whichever first occurs. Seller's Obligations 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and marketable title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved by Purchaser pursuant to Article III hereof; and (iii) Any exceptions approved by Purchaser in writing. The aforesaid Special Warranty Deed will include provisions that (1) it is being delivered in lieu of condemnation, and (2) Seller has made no representations or warranties concerning the Property and that Purchaser is purchasing the Property AS IS. (b) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by the Title Company, in Purchaser's favor in the full amount of the purchase price,. 3 insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy. (c) Deliver to Purchaser possession of the Property. Purchaser's Obligations 4.02 At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 4.03 General real estate taxes for the then current year relating to the Property, shall be prorated as of the closing date and shall be adjusted in cash at the closing. If the closing shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation. All special taxes or assessments to the closing date shall be paid by Seller. Purchaser will bear the burden of paying any rollback taxes, if any, resulting from a change of use of the Property. Closing Costs 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: Owner's Title Policy paid by Purchaser; Filing fees for deed paid by Purchaser; Filing fees for release(s) paid by Seller; Title curative matters, if any, paid by Seller; Attorney's fees paid by each respectively. ARTICLE V REAL ESTATE COMMISSIONS Seller will be solely responsible for all real estate brokerage commissions due to any brokers representing the Seller. ARTICLE VI ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to the 4 Title Company, the sum of One Hundred Dollars ($100.00), the Escrow Deposit, which shall be paid by the Title Company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the cash portion of the purchase price, provided, however, that in the event the Purchaser shall have given written notice to the Title Company that one or more of the conditions to its obligations set forth in Article III have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article III, then the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE VII BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except Purchaser's default, Purchaser may, as its sole and exclusive remedy, either: (1) enforce specific performance of this Contract; or (2) request that the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE VIII BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser's obligations set forth in Article III having been satisfied and Purchaser being in default and Seller not being in default hereunder, Seller shall have the right to (1) bring suit for damages against Purchaser; or (2) receive the Escrow Deposit from the Title Company, the sum being agreed on as liquidated damages for the failure of Purchaser to perform the duties, liabilities, and obligations imposed upon it by the terms and provisions of this Contract, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy hereunder in such event. ARTICLE IX MISCELLANEOUS Assignment of Contract 9.01. (a) This Contract may not be assigned without the express written consent of Seller. Regardless of the foregoing, Purchaser may assign this Contract to the Round Rock Transportation Development Corporation. Survival of Covenants 5 (b) Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. Notice (c) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to Seller or Purchaser, as the case may be, at the address set forth opposite the signature of the party. Texas Law to Apply (d) This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Williamson County, Texas. Parties Bound (e) This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Contract. Legal Construction (f) In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, this invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. Prior Agreements Superseded (g) This Contract constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter. Time of Essence 6 (h) Time is of the essence in this Contract. Gender (i) Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. Memorandum of Contract (j) Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Effective Date (k) This Contract shall be effective as of the date it is approved by the City Council, which date is indicated beneath the Mayor's signature below. Driveway Curb Cuts (1) Seller has presented to Purchaser a request for approval of various curb cuts that will allow driveway access to the Property from other lands owned by Seller (the "Driveway Curb Cuts "). Purchaser has agreed to permit the Driveway Curb Cuts as submitted by Seller. Purchaser further agrees to support Seller in Seller's requests to the Texas Turnpike Authority and the Texas Department of Transportation for approval of the Driveway Curb Cuts. SELLER: 35/45 INVESTORS, L.P. By: 35/45 Genpar, .L.C., General Partner By: ..../// William S./7 malls g, Manager Date: / O 7 PURCHASER: CITY • UND ROCK,/ ERAS BY rt S luka, 3 ., Mayor 221 E. Main Street Round Rock, Texas 78664 Date: d',2b'0O 8 County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: EXHIBITA Page 1 of? Pages Property Description for Parcel 75 11 EXHIBIT D 1 Being all that certain 0.022 of one acre (958 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acre tract conveyed to 35/45 INVESTORS, L.P., recorded in Document No. 9848753 of the Official Records of Williamson County, Texas (O.R.W.C.T.) and being out of Lot 3, Block F of the La Frontera Section IIIB Subdivision, recorded in Cabinet S, Slides 69 through 76 of the Williamson County Plat Records (W.C.P.R.). Said 0.022 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a %2 -inch iron rod with Texas Department of Transportation (TxDOT) aluminum cap (X= 3,131,087.01, Y= 10,149,497.97) set at 267.78 feet left of and perpendicular to State Highway 45 (SH 45) Baseline Station 519 +77.80, being in the proposed northerly right - of -way line of said SH 45, being in the existing easterly right -of -way line of La Frontera Boulevard (100 foot wide) as dedicated per plat of said La Frontera Section IIIB Subdivision, same being in the westerly line of said Lot 3; 1. THENCE, South 50 °53'41" East, crossing said Lot 3 and along the proposed northerly right - of -way line of said SH 45, a distance of 64.03 feet to a V2 -inch iron rod with TxDOT aluminum cap set at 217.67 feet left of and perpendicular to SH 45 Baseline Station 520 +17.65, and being in the southerly line of said Lot 3; 2. THENCE, South 77 °45'55" West (S 80 °14'52" W), along the southerly line of said Lot 3, a distance of 25.00 feet to a ''A -inch iron rod with TxDOT aluminum cap set for the beginning of a tangent cut -back curve to the right; 3. THENCE, an arc distance of 23.56 feet along said cut -back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 90 °00'00 ", a Chord Bearing and Distance of North 57 °14'05" West, 21.21 feet (L= 23.56', R= 15.00', Delta =90 °00'00 ", CH =North 54 °45'08" West, 21.21') to a ',cinch iron rod with TxDOT aluminum cap set for the point of tangency, being in the easterly right -of -way line of said La Frontera Boulevard and the westerly line of said Lot 3; Z:\ 4175681PARCELS \ FINALS Vvt &B's\PAR75.doc 4. THENCE, North 12 °14'05" West (N 09 °45'08" W), along said easterly right -of -way line of La Frontera Boulevard and the westerly line of said Lot 3, a distance of 35.00 feet to the POINT OF BEGINNING and containing a computed area of 0.022 of one acre (958 square feet) of land, more or less. This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Tumer Collie and Braden, Inc. JayDean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899 -8282 April 13, 2000 EXHIBIT A Page '- of? Pages ,i,/7-° Z:\417568 \PARCELSWINALS \M&B's\ PAR75.doc /KITES: WHOLE PROPERTY INSET NOT TO SCALE 1N09.45'011'8I 102.14'05'W 35.00; 11- 23.56'1 10=15.00'1 16050 IC#154 121.21'1 1=23.56' R.15.00' .050.00'00' CW57. 14'05'1/ 21.21' 1. BEARINGS ARO COORDINATES ARE BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM. NAO 83. CENTRAL ZONE Alp ADJUSTED TO SURFACE USING AN AOJUSTIENT FACTOR OF 1.00012. 2. THIS SURVEY WAS PERFORAEO 71TNOIT THE BENEFIT OF A COMMITIENT FOR TITLE INSURANCE AND WY NOT INCLUDE EASEMENTS AND INFORMATION PERTAINING TO THIS TRACT. RECORD INFORMATION SHOWN ON THIS PLAT 15 BASED 01 PUBLIC INFORMATION. THE SURVEYOR HAS NOT ABSTRACTED THIS TRACT. 3. P.U.E. INDICATES PUBLIC UTILITY EASEMENT. 4. W.C.P.R. INDICATES WILLIAM50N COUNTY PLAT RECORDS O.R.N.C.T. INDICATES OFFICIAL RECORDS OF WILL1A160N COUNTY. TE8AS. 6. THIS PLAT 15 ACC01A•ANIED BY A SEPARATE NETES AN0 BOUNDS DESCRIPTION. 7. THE PROPOSED BASELINE 500071 HEREON IS PER A DESIGN TIC FILE PRO AY R. COLLIE Alp BRADEN. INC. I0 DATE: 9 "/7• GD JA DEAN CANINE REGISTERED PROFESSIONAL LAND SURVEYOR TEXAS REGISTRATION N0. 4345 JACOB M. HARRELL SURVEY, A -284 J • P.O.B. PARCEL 75 x- 3.131.007.01 • Y =10.149.497.97 6. 5..7 7.80 ,267.08' Ll. . PROPOSED R.O.W. 5.11. 45 • r SIGN EASEMENT CABINET S. \ « 5LIDE5 69-76 \ • W.C.P.R. • STA. 520417.65 211.61 LT. •.. PROPOSED R.O.W.S:H.. 1580• I4' S2'W I 577.45'55'14 25.00' LOT 5. BLOCK F 6.17 ACRES LA FRONTERA SECTION 1115 CABINET S SLIDES 69 -76 RESERVED FOR FUTURE RIGHT -OF -WAY. BUT NOT DEDICATED BY THIS PLAT R S.H. 45 520400 SURE. _E0END • 4 FOUND T0DOT BRASS 015K IN CONCRETE ❑ e SET 00000 BRASS 0156 IN CONCRETE o - SET ,.2 IRON R00 8/00001 ALO1. CAP • • FOUND 1 .j IRON R05 UNLESS OTHERWISE NOTED FOUND 4' W A CONCRETE MONUMENT A - CALCULATED POINT R e PROPERTY LINE 8- - BASELINE iSt - UTILITY POLE LA FRONTERA SECTION 1110 CABINET 5. SLIDES 69 -76 LOT 3 BLOCK F 2.07 ACRES - 15' P.U.C. r CABINET 5. SLIDES 69 -76 5.H.45 PARCEL PLAT FOR PARCEL 75 COUNTY: WILLIAMSON GRANTOR:35 /45 INVESTORS. L.P. 35/45 INVESTORS. L.P. 227.8382 ACRES -DOC. .09848753 CURVE DATA L 1.230.95' R 9.657.80' D 8122 C0 1.230. 'S1'E CD 1.230.10' PC 521428.36 PT 527+44.61 PI 3. 1H4.6B x 30.149.40.51 Y 10.149.401.09 4UOLE PROPERTY AREA ACOIIREO 8EMA110ER LEFT 90.343 958 89.305 SURVCON INC PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE (512) 899 -8282. FAX (512) 899 -939( EMAIL: austinesurvcon.com SCALE: 1" = 50' JOB #: 417 - 658 DATE: APRIL 2000 D RAWN BY: JKB C HECKED BY: WJM F.B. #: SH 45 ACREAGE SUMMARY 150.FT.1 CAD FILE: por75 EXHIBIT A Page! of Z Pages County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: Property Description for Parcel 76 l� EXHIBIT E i Being all that certain 0.172 of one acre (7,492 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acre tract as conveyed to 35/45 INVESTORS, L.P., recorded in Document No. 9848753 of the Official Records of Williamson County, Texas (O.R.W.C.T.) and being out of Lot 1, Block K of the La Frontera Section IV Subdivision, recorded in Cabinet S, Slides 66 through 68 of the Williamson County Plat Records (W.C.P.R.). Said 0.172 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a 'A-inch iron rod with Texas Department of Transportation (TxDOT) aluminum cap (X= 3,131,129.69, Y= 10,149,003.76) set at 224.07 feet right of and perpendicular to State Highway 45 (SH 45) Baseline Station 519 +13.38, being in the proposed southerly right - of -way line of SH 45, also being in the westerly line of said Lot 1, and being in the easterly right - of -way line of La Frontera Boulevard (100 foot wide) as dedicated per the plat of La Frontera Section IIIB Subdivision recorded in Cabinet S, Slides 69 through 76 (W.C.P.R.), said point being the beginning of curve to the right; 1. THENCE, an arc distance of 8.69 feet along the westerly line of said Lot 1, the easterly right - of -way line of said La Frontera Boulevard and along said curve to the right, with a Radius of 250.00 feet, a Delta Angle of 01 °59'32 ", a Chord Bearing and Distance of North 02 °51'49" East, 8.69 feet to a Y2 -inch iron rod with TxDOT aluminum cap set for the point of reverse curvature; 2. THENCE, an arc distance of 23.18 feet, continuing along the westerly line of said Lot 1, the easterly right -of -way line of said La Frontera Boulevard and along a curve to the left, with a Radius of 1,550.00 feet, a Delta Angle of 00 °51'25 ", a Chord Bearing and Distance of North 03 °25'57" East, 23.18 feet (L= 23.18', R= 1,550.00', Delta =00 °51'25 ", CH =North 05 °54'50" East, 23.18') to a Y2 -inch iron rod with TxDOT aluminum cap set for the beginning of a cut- back curve to the right; 3. THENCE, an arc distance of 19.57 feet, along said cut - back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 74 °45'45 ", a Chord Bearing and Distance of North 40°23'02" East, 18.21 feet (L= 19.57', R= 15.00', Delta =74 °45'44 ", CH =North 42 °52'00" East, 18.21') to a 1/2-inch iron rod with TxDOT aluminum cap set for the point of tangency and being in the northerly line of said Lot 1 and the southerly line of Lot 5, Block F of said La Frontera Section IIIB Subdivision; Z:\ 417658 \PARCELS \FINALS\M &B's \PAR76.doc 4. THENCE, North 77 °45'55" East (N 80 °14'52" E), along the northerly line of said Lot 1 and the southerly line of said Lot 5, a distance of 429.06 feet to a 1/2-inch iron rod with TxDOT aluminum cap set for the northeast corner of said Lot 1 and being in the northwesterly right - of -way line of F.M. 1325 (120 foot wide), said point being the beginning of a curve to the left; 5. THENCE, an arc distance of 43.01 feet along the easterly line of said Lot 1, the northwesterly right -of -way line of F.M. 1325 and said curve to the left, with a Radius of 1,014.93 feet, a Delta Angle of 02 °25'40 ", a Chord Bearing and Distance of South 52 °05'35" West, 43.00 feet to a / -inch iron rod with TxDOT aluminum cap set at 200.00 feet right of and perpendicular to SH 45 Baseline Station 523 +30.99, said point being the beginning of a curve to the left and being in the proposed southerly right -of -way line of said SH 45; THENCE, crossing said Lot 1 and along the proposed southerly right -of -way line of said SH 45, the following three courses: 6. An arc distance of 198.38 feet along said curve to the left, with a Radius of 9,367.80 feet, a Delta Angle of 01 °12'48 ", a Chord Bearing and Distance of South 78 °12'31" West, 198.38 feet to a TxDOT brass disk in concrete set at 200.00 feet right of and perpendicular to SH 45 Baseline Station 521 +28.36 and being the point of tangency; 7. South 77 °36'07" West, a distance of 198.21 feet to a 1/2-inch iron rod with TxDOT aluminum cap set for an angle point; • 8. South 22 °28'29" West, a distance of 29.33 feet to the POINT OF BEGINNING and containing a computed area of 0.172 of one acre (7,492 square feet) of land, more or Less. This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Turner Collie and Braden, Inc. Jay Dean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899 -8282 April 17, 2000 EXHIBIT A Page? of 2 Pages Z:k 117658 \PARCELS\F[NALS\M &B's\PAR76.doc CURVE DELTA RADIUS CHORD DIRECTION CHORD LENGTH ARC LENGTH CI 01.59'32' 250.00' 002.51'49'E 8.69' 8.69' (2 (00'SI'25'1 00'5l'25' (1.550.00'1 1.550.00' IN05.54'S0'E1 ND3'25'S7'E 123.10'1 23.16' (23.18'1 23.16' C3 (34.45'44'1 14.45'45' (15.00'1 15.00' IN42'S2'00'E1 640.23'O2'( 118.21'1 18.21' 119.51'1 19.57' NOTES: A WHOLE PROPERTY INSET NOT TO SCALE P.D.B. PARCEL 76 X.3.131.129.69 Y=10.149.003.76 @ STA. 519413.38 224.07' RT. X77.36'07 "E ¢ 1 W y m i9 3 Y 4 ya. k11,) . ( y 3 4 W 2 •w• U C2 C1-- STA. 519430.15 200.00 RT. LOT 1. BLOCK K S22'213'29'0 1.42 ACRES 29.33' LA FRONTERA • SECTION IV CABINET 5. SLIDES 66 -6B W.C.P.R. CURVE TABLE 520+00 S.H. 45 LA FRONTERA SECTION IV 0.001 ACRE RIGHT -OF -WAY DEDICATION CABINET 5 SLIDES 66 -68 W.C.P.R. 573 198.21' PROPOSED R.O.W. S.H. 45 IN00'14'S2'EI 017'45'5S'( 1. BEARINGS AND COORDINATES ARE BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM. HAD 83. CENTRAL ZONE AND ADJUSTED TO SURFACE USING AN ADJUSTMENT FACTOR OF 1.00012. 2. THIS SURVEY WAS P(00006ED WITHOUT THE BENEFIT OF A COMMITMENT FOR TITLE INSURANCE AND MAY NOT INCLUDE EASEMENTS AND INFORMATION PERTAINING TO THIS TRACT. RECORD INFORMATION 5H0091 ON THIS PLAT IS BASED ON PUBLIC INFORMATION. THE SURVEYOR HAS NOT ABSTRACTED THIS TRACT. 3. P.U.E. INDICATES PUBLIC UTILITY EASEMENT. 4. O.R.W.C.7. INDICATES OFFICIAL RECORDS 6 WILLIAMSON COUNTY TEXAS 5. I.C.O.R. INDICATES WILLIAMSON COUNTY DEED RECORDS 6. W.C.P.R. INDICATES WILLIAMSON COUNTY PLAT RECORDS T. THIS PLAT IS ACCOMPANIED BY A SEPARATE METES AND BOUNDS DESCRIPTION. 0. THE PROPOSED BASELINE SHOWN HEREON 15 PER A DESIGN SCHEMATIC FILE PROM BY.TU • COLLIE AND BRADEN. INC. DATE, �f- /7 470 JAY . AN CANINE REGISTERED PROFESSIONAL LANG SURVEYOR TEXAS REGISTRATION N0. 4345 • 0 • B JACOB M. HARRELL SURVEY. A-284 SURVEY LEGEND • FOUND TXDOT BRASS DISK IN CONCRETE • SET 10801 BRASS RISK IN CONCRETE . SET '.f IRON R00 6/1000T ALUM. CAP = FOUND 1 .i IRON R00 UNLESS OTHERWISE NOTED = FOUND 4' z 4' CONCRETE MONUMENT = CALCULATED POINT • PROPERTY LIRE = BASELINE - UTILITY POLE 35/45 INVESTORS. L.P. 227.8382 ACRES 1 DOC. 09040753 1 O.R.W.C.T. 15' P.O.E. " 5l BINET 5 IBE5 69 - 5• P.u.E. CABINET 6 5 .IDES 6 SCALE: 1 100' DATE: APRIL 2000 DRAWN 8Y: JKB CHECKED BY: WJM CURVE DATA L = 1.230.95' R = 9.567.80' A . 07'22'10' CO• S86.18'51'E CD. 1.230.10' PC. 521420.36 PT. 533.59.31 PI. 527444.68 % 3.131.093.51 10.149.401.09 .LOT .5. BLOCK F.." 6.17 ACRES' LA'. FRONTERA ..5ECTION IIIB 'CABINET S SLIDES 69 -76 W .C.P.R. RESERVED FOR FUTURE NIGHT-OF-WAY. BUT NOT , DEDICATED BY THIS PLAT • 1.1202015.40' 4.05'20'43' 043..05 43. STA. 523+30.99 RT :. 00.00 RT. S.H.45 PARCEL PLAT FOR PARCEL 76 COUNTY: WILLIAMSON GRANTOR:35 /45 INVESTORS. L.P. ACREAGE SUMMARY ISO.FT.1 WHOLE PROPERTY AREA ACQUIRED REMAINDER RIGHT 61.855 7.492 54.363 0 SURVCON INC. PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE 15121 899 -8282. FAX (5121 899 -9390 EMAIL: oustinesurvcon.com JOB F7: 417 -658 F.B. !f: 5H 45 CAD FILE: Cor76 County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: EXHIBIT A Page 1 of? Pages Property Description for Parcel 77 EXHIBIT E 1 Being all that certain 0.009 of one acre (392 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acre tract conveyed to 35/45 INVESTORS, L.P., recorded in Document Number 9848753 of the Official Records of Williamson County, Texas (O.R.W.C.T.) and being out of Lot 2, Block G of the La Frontera Section IIIB Subdivision, recorded in Cabinet S, Slides 69 through 76 of the Williamson County Plat Records (W.C.P.R.). Said 0.009 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a '/a -inch iron rod with Texas Department of Transportation (TxDOT) aluminum cap (X= 3,130,992.46, Y= 10,149,462.12) set at 253.07 feet left of and perpendicular to State Highway 45 (SH 45) Baseline Station 518 +77.75, being in the proposed northerly right - of -way line of said SH 45, being in the existing westerly right -of -way line of La Frontera Boulevard (100 foot wide) as dedicated per plat of said La Frontera Section IIIB Subdivision and. being in the easterly line of said Lot 2; I. THENCE, South 12 °14'05" East (S 09 °45'08" E), along the easterly line of said Lot 2 and the westerly right -of -way line of said La Frontera Boulevard, a distance of 20.00 feet to a '/2 -inch iron rod with TxDOT aluminum cap set for the beginning of a tangent cut -back curve to the right; 2. THENCE, an arc distance of 23.56 feet and along said cut -back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 90 °00'00 ", a Chord Bearing and Distance of South 32 °45'55" West, 21.21 feet (L= 23.56, R= 15.00', Delta =90 °00'00 ", CH =South 35 °14'52" West, 21.21') to a %2 -inch iron rod with TxDOT aluminum cap set for the point of tangency and being in the south line of said Lot 2; 3. THENCE, South 77 °45'55" West (S 80 °14'52" W), along the southerly line of said Lot 2, a distance of 10.00 feet to a %2 -inch iron rod with TxDOT aluminum cap set at 218.14 feet left of and perpendicular to SH 45 Baseline Station 518 +52.66 and being the proposed northerly right -of -way line of said SH 45; 4. THENCE, North 23 °18'10" East crossing said Lot 2 and along the proposed northerly right - of -way line of said SH 45, a distance of 43.01 feet to the POINT OF BEGINNING and containing a computed area of 0.009 of one acre (392 square feet) of land, more or less. Z:\4 t 7658 \PARCELS \FINALS\M &B's \PAR77.doc Jay fi ean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899-8282 April 13, 2000 EXHIBIT A Page 2 of 2 - Pages This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Tumer Collie and Braden, Inc. Z:M 17658 \PARCELS\FINALS\M &B's \PAR77.doc NOTES: WHOLE PROPERTY INSET NOT TO SCALE 15' P.U.E. CABINET S. SLIDES 69 -76-1 11 8.C.P.R. 517100 JAY . AN CANINE RE615TERE0 PROFESSIONAL LAND SURVEYOR TEXAS REGISTRATION N0. 4345 LA FRONTERA SECTION 1118 CABINET S. SLIDES 69 -76 35/45 INVESTORS. L.P. . 227.8382 ACRES OOC. 449848753 278.57' N77.45'55 'E PROPOSED R.O.W. S.H. 45 LOT 2 BLOCK 0 1.40 ACRES 1. BEARINGS AND COORDINATES ARE BASED ON THE TEXAS STATE PLANE 0000DINATE SYSTEM. NAD 83. CENTRAL 2011E AR0 ADJUSTED TO SURFACE uSING AN ADJUSTMENT FACTOR OF 1.00012. 4. MI5 PLAT IS ACCOMPANIED BY A SEPARATE IIE1E5 AND BOUNDS OESCRIPTION. 7. THE PROPOSED BASELINE SHOWN HEREON 15 PER A DESIGN SCHEMATIC FILE PROM Y T COLLIE ANO BRADEN. INC. DATE: 49- /7- 0 0 JACOB M. HARRELL SURVEY, A -284 S.1. 518.52.66 218.14 LT. i 1 SBD•14.52' ST 1.45'55' STA. 518.77.65 218.07' LT. -_ -_ N77_36'07 @ S.H.. 45-\ 2. THIS SURVEY WAS PE8FONMEO WITHOUT THE BENEFIT OF A C0WIl1ENT FOR TITLE INSURANCE 2249 MAY NOT INCLUDE EASEMENTS AND INFORMATION PERTAINING 70 THIS TRACT. RECORD INFORMATION SHOWN ON THIS PLAT 15 BASED ON PUBLIC y,j1 INFORMATION. THE SURVEYOR HAS NOT ABSTRACTED THIS TRACT. p y g a 3. 0.8.W.C.T. INDICATES OFFICIAL RECORDS OF •ILLIAMSON I`f� COUxT Y. TEXAS 4. W.C.D.R. INDICATES WILLIA115ON COMTT DEED RECORDS 5. W.C.P.R. INDICATES WILLIAMSON COUNTY PLAT RECORDS SIGN EASEIENT 4- - CABINETS. / SLIDES 69 -76 / PROPOSED R.O. 5.H. 45 SURVEY LEGEND • FOUND TX00T BRASS 015K IN CONCRETE = SET 1XOOT BRASS DISK IN CONCRETE • SET I•i IRON 800 X /TX00T ALUM. CAP • FOUND 1 .2 IRON R00 UNLESS OTHERWISE NOTED • 70050 4 = 4 CONCRETE MONUMENT • CALCULATED POINT - PROPERTY LINE = BASELINE = UTILITY POLE 4.3.1130.992.46 Y q ST..1 1.115 233.07' LT. 1509 S12.14'05% 20.00' (1=23.56'1 1R =15.00'1 IL '05•7 IC= SSS.'I4 / 2'WI 1.21'1 1=23.56' 8.10.00' A.90 C 12 15'S5'W 2 0 1 21.21' 1 D1 W Oo } D. _ D__ • WO _V CC 7-ON Z.- 3 O U_ W 4 Z Q m J Q 5.8.45 PARCEL PLAT FOR PARCEL 77 COUNTY: WILLIAMSON CRANTOR:35 /45 INVESTORS. CHECKED BY: WJM L.P. ACREAGE SUMMARY ISO.FT.1 I i WHOLE PROPERTY AMA. 8EMAINOER LEFT 60.984 392 60.592 SCALE: 1" = 50' F ATE: APRIL 2000 DRAWN BY: JKB JOB F.B. CAO a: 417 -658 a: SH 45 FILE: Dor77 SURVCON INC. PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE (512) 899 -8282. FAX (512) 899 -939 EMAIL: ousts nesurvcon.com I ! DATE: August 25, 2000 SUBJECT: City Council Meeting — August 28, 2000 ITEM: 3.A.2. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with 35/45 Investors L.P. for the acquisition of approximately 0.203 acres of property for SH -45 right -of -way. Staff Resource Person: Jim Nuse, Public Works Director. State of Texas County of Williamson Co \NPDOCS \AC1TY \S H 45 \LaPron \ 35 45 \K- fin al.Wpd / ale REAL ESTATE CONTRACT ARTICLE I PURCHASE AND SALE ARTICLE II PURCHASE PRICE 1 / THIS CONTRACT OF SALE ( "Contract ") is made by and between 35/45 INVESTORS, L.P. a Texas limited partnership (referred to in this Contract as "Seller ") and the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Purchaser "), upon the terms and conditions set forth in this Contract. By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, the three parcels of land containing approximately 0.203 acres of land (8,842 square feet) situated in Williamson County, Texas, being more particularly described as follows: 1) Parcel #75: 0.022 acre tract, (958 square feet) as more particularly described in Exhibit D, attached hereto and incorporated herein; 2) Parcel #76: 0.172 acre tract, (7,492 square feet) as more particularly described in Exhibit E, attached hereto and incorporated herein; and 3) Parcel #77: 0.009 acre tract (392 square feet) as more particularly described in Exhibit F, attached hereto and incorporated herein; together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real property, rights, and appurtenances being referred to in this Contract as the "Property "), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of Sixty - Five Thousand, Six Hundred Ninety -six and 06/100 Dollars ($65,696.06.) The purchase price is based on a price of $7.43 times the number of square feet of the Property ( 8,842 square feet.) Notwithstanding the foregoing, if the number of square feet is adjusted up or down prior to the closing date due to redesign of SH 45 by the Texas Department of Transportation, the purchase price is to be increased or reduced by the product of $7.43 times the number of square feet of the Property more or less than 8,842. Payment of Purchase Price 2.02. The Purchase Price shall be paid in cash at the closing. ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction contemplated hereby are subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the closing). Preliminary Title Commitment 3.02. Within thirty (30) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused Austin Title Company (the "Title Company ") of 101 E. Old Settlers Blvd., Suite 100, Round Rock, Texas 78664, to issue a preliminary title report (the "Title Commitment ") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. Purchaser shall give Seller written notice on or before the expiration of twenty (20) days after Purchaser receives the Title Commitment that the condition of title as set forth in the title binder is or is not satisfactory, and in the event Purchaser states that the condition is not satisfactory, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, this Contract shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the Title Commitment. 2 ARTICLE IV CLOSING The closing shall be held at the offices of Brown McCarroll Sheets & Crossfield, 309 E. Main St, Round Rock, Texas, as set forth below, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "closing date "). The parties hereto acknowledge that the Purchaser is applying for a loan from the State Infrastructure Bank (SIB) to finance the purchase of the Property. The SIB gave approval of the loan on July 27, 2000. Upon final approval of the loan documents, it is anticipated that loan funds will be available approximately thirty (30) days thereafter. The parties hereto also acknowledge that in the event the SIB loan documents are not approved, the Purchaser will need reasonable time to obtain traditional municipal bond financing, which could take up to 90 days after the process is begun. Therefore, the parties agree that the closing date will be whenever the SIB loan funds are available to the Purchaser, or whenever municipal bond funds are available to the Purchaser, or on December 1, 2000, whichever first occurs. Seller's Obligations 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and marketable title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved by Purchaser pursuant to Article III hereof; and (iii) Any exceptions approved by Purchaser in writing. The aforesaid Special Warranty Deed will include provisions that (1) it is being delivered in lieu of condemnation, and (2) Seller has made no representations or warranties concerning the Property and that Purchaser is purchasing the Property AS IS. (b) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by the Title Company, in Purchaser's favor in the full amount of the purchase price, 3 insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy. (c) Deliver to Purchaser possession of the Property. Purchaser's Obligations 4.02 At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 4.03 General real estate taxes for the then current year relating to the Property, shall be prorated as of the closing date and shall be adjusted in cash at the closing. If the closing shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation. All special taxes or assessments to the closing date shall be paid by Seller. Purchaser will bear the burden of paying any rollback taxes, if any, resulting from a change of use of the Property. Closing Costs 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: Owner's Title Policy paid by Purchaser; Filing fees for deed paid by Purchaser; Filing fees for release(s) paid by Seller; Title curative matters, if any, paid by Seller; Attorney's fees paid by each respectively. ARTICLE V REAL ESTATE COMMISSIONS Seller will be solely responsible for all real estate brokerage commissions due to any brokers representing the Seller. ARTICLE VI ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to the 4 Title Company, the sum of One Hundred Dollars ($100.00), the Escrow Deposit, which shall be paid by the Title Company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the cash portion of the purchase price, provided, however, that in the event the Purchaser shall have given written notice to the Title Company that one or more of the conditions to its obligations set forth in Article III have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article III, then the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE VII BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except Purchaser's default, Purchaser may, as its sole and exclusive remedy, either: (1) enforce specific performance of this Contract; or (2) request that the Escrow Deposit shall be forthwith returned by the Title Company to Purchaser. ARTICLE VIII BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser's obligations set forth in Article III having been satisfied and Purchaser being in default and Seller not being in default hereunder, Seller shall have the right to (1) bring suit for damages against Purchaser; or (2) receive the Escrow Deposit from the Title Company, the sum being agreed on as liquidated damages for the failure of Purchaser to perform the duties, liabilities, and obligations imposed upon it by the terms and provisions of this Contract, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy hereunder in such event. ARTICLE IX MISCELLANEOUS Assignment of Contract 9.01. (a) This Contract may not be assigned without the express written consent of Seller. Regardless of the foregoing, Purchaser may assign this Contract to the Round Rock Transportation Development Corporation. Survival of Covenants 5 (b) Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. Notice (c) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to Seller or Purchaser, as the case may be, at the address set forth opposite the signature of the party. Texas Law to Apply (d) This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Williamson County, Texas. Parties Bound (e) This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Contract. Legal Construction (f) In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, this invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. Prior Agreements Superseded (g) This Contract constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter. Time of Essence 6 (h) Time is of the essence in this Contract. Gender (i) Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. Memorandum of Contract (j) Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Effective Date (k) This Contract shall be effective as of the date it is approved by the City Council, which date is indicated beneath the Mayor's signature below. Driveway Curb Cuts (1) Seller has presented to Purchaser a request for approval of various curb cuts that will allow driveway access to the Property from other lands owned by Seller (the "Driveway Curb Cuts "). Purchaser has agreed to permit the Driveway Curb Cuts as submitted by Seller. Purchaser further agrees to support Seller in Seller's requests to the Texas Turnpike Authority and the Texas Department of Transportation for approval of the Driveway Curb Cuts. SELLER: 35/45 INVESTORS, L.P. By: 35/45 Ge pa L.L.C., General Partner Date: &: By: William S. Sma 7 ing, Manager PURCHASER: CITY D ROCK! TEXAS By: 8 Robert A. Stluka, 221 E. Main Street Round Rock, Texas 78664 Date: g " 0O , Mayor County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: EXHIBIT A Page I of? Pages Property Description for Parcel 75 l� EXHIBIT D 1 Being all that certain 0.022 of one acre (958 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acre tract conveyed to 35/45 INVESTORS, L.P., recorded in Document No. 9848753 of the Official Records of Williamson County, Texas (O.R.W.C.T.) and being out of Lot 3, Block F of the La Frontera Section IIIB Subdivision, recorded in Cabinet S, Slides 69 through 76 of the Williamson County Plat Records (W.C.P.R.). Said 0.022 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a '/s -inch iron rod with Texas Department of Transportation (TxDOT) aluminum cap (X= 3,131,087.01, Y= 10,149,497.97) set at 267.78 feet left of and perpendicular to State Highway 45 (SH 45) Baseline Station 519 +77.80, being in the proposed northerly right - of -way line of said SH 45, being in the existing easterly right -of -way line of La Frontera Boulevard (100 foot wide) as dedicated per plat of said La Frontera Section IIIB Subdivision, same being in the westerly line of said Lot 3; 1. THENCE, South 50 °53'41" East, crossing said Lot 3 and along the proposed northerly right - of -way line of said SH 45, a distance of 64.03 feet to a 1/2-inch iron rod with TxDOT aluminum cap set at 217.67 feet left of and perpendicular to SH 45 Baseline Station 520 +17.65, and being in the southerly line of said Lot 3; 2. THENCE, South 77 °45'55" West (S 80 °14'52" W), along the southerly line of said Lot 3, a distance of 25.00 feet to a '/cinch iron rod with TxDOT aluminum cap set for the beginning of a tangent cut -back curve to the right; 3. THENCE, an arc distance of 23.56 feet along said cut -back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 90 °00'00 ", a Chord Bearing and Distance of North 57 °14'05" West, 21.21 feet (L= 23.56', R= 15.00', Delta =90 °00'00 ", CH =North 54 °4508" West, 21.21') to a' /cinch iron rod with TxDOT aluminum cap set for the point of tangency, being in the easterly right -of -way line of said La Frontera Boulevard and the westerly line of said Lot 3; Z:\ 417568 \PARCELS\FINALS\M &B's\PAR75.doc 4. THENCE, North 12 °14'05" West (N 09 °45'08" W), along said easterly right -of -way line of La Frontera Boulevard and the westerly line of said Lot 3, a distance of 35.00 feet to the POINT OF BEGINNING and containing a computed area of 0.022 of one acre (958 square feet) of land, more or less. This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Turner Collie and Braden, Inc. Jay'Dean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899 -8282 April 13, 2000 EXHIBIT A Page °- of ? Pages 4- /7.00 Z:\417568 \PARCELS \FINALS\M &B's \PAR75.doc NOTE51 WHOLE PROPERTY INSET NOT TO SCALE 1009.45'08'111 Nu. .05N 35..00' (L- 23.56'1 10. 15.00'1 CA.90.00'00 "1 (Ca154.45'09 "WI 121.21'1 L- 23.56' R- 15.00' A=90.00'00' C.N51 21.21 1. BEARINGS AND COORDINATES ARE BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM. NA0 83. CENTRAL ZONE AND ADJUSTED TO SURFACE USING AN ADJUSTMENT FACTOR OF 1.00012. 2. THIS SURVEY WAS PERFORMED WITHOUT THE BENEFIT OF A COMMITMENT FOR TITLE INSURANCE AND RAY NOT INCLUDE EASEMENTS AH0 INTONATION PERTAINING TO THIS TRACT. RECORD 1NFOi(ATION SH01m ON THIS PLAT 15 BASED ON PUBLIC INFORMATION. THE SURVEYOR HA5 NDT ABSTRACTED TN15 TRACT. 3. P.U.E. INDICATES PDBL1C 01(LITY EA5EIENT. 4. ■.C.P.R. INDICATES 011110MSON COUNTY PLAT RECORDS 5. 0.0.0.1.1. INDICATES OFFICIAL RECORDS OF 61LLIA160u COUNTY. TEXAS. 6. THIS PLAT 15 ACCOIPANIED 08 A SEPARATE METES AND B0UN05 DESCRIPTION. 7. 71E PROPDSE0 BASELINE SHOWN HEREON I5 PER A DESIGN TIE FILE PRO J3T R. COLLIE AND BRADEN. INC. .81/00 DATES 4 -■7' oo JA 01AN CANINE REGISTERED PROFESSIONAL LANG SURVEYOR 1E6A5 816151061100 00. •345 JACOB M. HARRELL SURVEY. A -284 • P.0.9. PARCEL 75 X- 3.131.007.01 \ Y=10.149.457.97 '9 STA. 519 +11.80 ♦267.70' LT. PROPOSED R.0.0. 5. H. 45 SIGN £05111101 (.. CABINET 5. \ ,SLIDES 69 -16 \ • 0.C.P.R. • J , I 520+00 5TA. 520 +17.65 217.67 LT. PROPOSED R.O.W. S :N.. 4' (580'14'52'61 571 25.00' LOT 5. BLOCK F 6.17 ACRES LA FRONTERA SECTION 111B CABINET S SLIDES 69 -76 W.C.P.R. RESERVED FOR FUTURE RIGHT -OF -WAY. BUT NOT DEDICATED BY THIS PLAT Q S.H. 45 SURY. _EOEH0 • - FIXING TX00T BRASS DISK IN CONCRETE ❑ SET MOT BRASS 015K IN CONCRETE o - SET '5 IRON R00 x /TXDDT ALUM. CAP • = FOUND '. IRON ROD ONLES5 030(0015E NOTED ® = FIXING 4' x 4' CONCRETE MONUMENT A = CALCULATED POINT R = PROPERTY LINE B. - BASELINE - u11Ll1T POLE LA FRONTERA SECTION IIIB CABINET S. SLIDES 69 -76 • LOT 3 BLOCK F 2.07 ACRES 15' P.u.E. 'r CAOINET 5. SLI0E5 69 -T6 I • 0.C.P.R. S.H.45 PARCEL PLAT FOR PARCEL 75 COUNTY: WILLIAMSON GRANTOR:35 /45 INVESTORS. 1 1 35/45 INVESTORS. L.P. 227.8382 ACRES _ 006..4491348753 O.R.W.C.T. R CURVE DATA L - 1.230.95' ft - 9.657.80' A = 01•22'17' CB- 088 CD- 1.230.10' PC- 521+25.36 PT= 533459.31 P1: 527.44.68 Y - 3.131.093.51 - 0.149.401.09 ACREAGE SUMMARY 150.01.1 WHOLE PROPERTY AREA ACOUIREO 90.343 958 59.385 SCALE: 1" = 50' DATE: APRIL 2000 DRAWN BY: JKB CHECKED 8Y: WJM SURVCON INC PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE (5121 899 -8282. FAX (5121 899 -939( EMAIL: oustinesurvcon.com JOB #: 417 -658 F.B. 4 5H 45 CAD FILE: por75 County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: EXHIBIT A Page I of z Pages Property Description for Parcel 76 EXHIBIT El i Being all that certain 0.172 of one acre (7,492 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acre tract as conveyed to 35/45 INVESTORS, L.P., recorded in Document No. 9848753 of the Official Records of Williamson County, Texas (O.R.W_C.T.) and being out of Lot 1, Block K of the La Frontera Section IV Subdivision, recorded in Cabinet S, Slides 66 through 68 of the Williamson County Plat Records (W.C.P.R.). Said 0.172 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a %z -inch iron rod with Texas Department of Transportation ( TxDOT) aluminum cap (X= 3,131,129.69, Y= 10,149,003.76) set at 224.07 feet right of and perpendicular to State Highway 45 (SH 45) Baseline Station 519 +13.38, being in the proposed southerly right - of -way line of SH 45, also being in the westerly line of said Lot 1, and being in the easterly right - of -way line of La Frontera Boulevard (100 foot wide) as dedicated per the plat of La Frontera Section IIIB Subdivision recorded in Cabinet S, Slides 69 through 76 (W.C.P.R.), said point being the beginning of curve to the right; 1. THENCE, an arc distance of 8.69 feet along the westerly line of said Lot 1, the easterly right - of -way line of said La Frontera Boulevard and along said curve to the right, with a Radius of 250.00 feet, a Delta Angle of 01 °59'32 ", a Chord Bearing and Distance of North 02 °51'49" East, 8.69 feet to a %z -inch iron rod with TxDOT aluminum cap set for the point of reverse curvature; 2. THENCE, an arc distance of 23.18 feet, continuing along the westerly line of said Lot 1, the easterly right -of -way line of said La Frontera Boulevard and along a curve to the left, with a Radius of 1,550.00 feet, a Delta Angle of 00 ° 51'25 ", a Chord Bearing and Distance of North 03 °25'57" East, 23.18 feet (L= 23.18', R= 1,550.00', Delta =00 °51'25 ", CH =North 05 ° 54'50" East, 23.18') to a '/cinch iron rod with TxDOT aluminum cap set for the beginning of a cut- back curve to the right; 3. THENCE, an arc distance of 19.57 feet, along said cut -back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 74 °45'45 ", a Chord Bearing and Distance of North 40 ° 23'02" East, 18.21 feet (L= 19.57', R= 15.00', Delta=74 °45'44 ", CH =North 42 °52'00" East, 18.21') to a'' /z -inch iron rod with TxDOT aluminum cap set for the point of tangency and being in the northerly line of said Lot 1 and the southerly line of Lot 5, Block F of said La Frontera Section IIIB Subdivision; Z:\ 417658 \PARCELS\FINALS\M &B's \PAR76.doc 4. THENCE, North 77 °45'55" East (N 80°14'52" E), along the northerly line of said Lot 1 and the southerly line of said Lot 5, a distance of 429.06 feet to a'' V2 -inch iron rod with TxDOT aluminum cap set for the northeast comer of said Lot I and being in the northwesterly right - of -way line of F.M. 1325 (120 foot wide), said point being the beginning of a curve to the left; 5. THENCE, an arc distance of 43.01 feet along the easterly line of said Lot r, the northwesterly right -of -way line of F.M. 1325 and said curve to the left, with a Radius of 1,014.93 feet, a Delta Angle of 02 ° 25'40 ", a Chord Bearing and Distance of South 52 ° 05'35" West, 43.00 feet to a 'A -inch iron rod with TxDOT aluminum cap set at 200.00 feet right of and perpendicular to SH 45 Baseline Station 523 +30.99, said point being the beginning of a curve to the left and being in the proposed southerly right -of -way line of said SH 45; THENCE, crossing said Lot 1 and along the proposed southerly right -of -way line of said SH 45, the following three courses: 6. An arc distance of 198.38 feet along said curve to the left, with a Radius of 9,367.80 feet, a Delta Angle of 01°12'48", a Chord Bearing and Distance of South 78°12'31" West, 198.38 feet to a TxDOT brass disk in concrete set at 200.00 feet right of and perpendicular to SH 45 Baseline Station 521 +28.36 and being the point of tangency; 7. South 77 °36'07" West, a distance of 198.21 feet to a %z -inch iron rod with TxDOT aluminum cap set for an angle point; 8. South 22 °28'29" West, a distancd of 29.33 feet to the POINT OF BEGINNING and containing a computed area of 0.172 of one acre (7,492 square feet) of land, more or less. This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Turner Collie and Braden, Inc. Jay Dean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899-8282 April 17,2000 EXHIBIT A Page Z of Z Pages 4 - -°° Z:\ 417658 \PARCELS\FINALS\M &B's\PAR76.doc CURVE DELTA RADIUS CHORD DIRECTION CHORD LENGTH ARC LENGTH CI 01 250.00' NO2 8.69' 1.69' C2 100 11.550.00') 11105 123.18') 123.18'1 00'51'25' 1.550.00' 1103 23.16' 23.18' C3 174 (15.001 1842 (18.21') 119.57'1 14.45'45" 15.00' 440 7 ( 18.21' 19.57' NOTES: WHOLE PROPERTY INSET NOT TO SCALE - P.0.8. PARCEL 76 X =3.131.129.69 Y.10.149.003.76 B STA. 519 +13.38 224.07' 61. 429.06 N77'36'07'E C2 C1 CURVE TABLE 520+00 S.H. 45 LA FRONTERA SECTION IV 0.001 ACRE RIGHT -OF -WAY DEDICATION CABINET 5 SLIDES 66 -68 8.0.0.R. 577 198.21' PROPOSED R.O.X. S.H. 45 S2 1. BEARINGS AND COORDINATES ARE BASED 0H THE TEXAS 5TA) PLANE COORDINATE SYSTEM. RAD 43. CENTRAL 20840 AND ADJUSTED TO SURFACE USING AN ADJUSTMENT FACTOR CC 1.00012. 2. THIS SURVEY MAS PERFORMED WITHOUT THE BENEFIT OF A COMMITMENT FOR TITLE INSURANCE AND MAY NOT INCLUDE EASEMENTS AND INFORMATION PERTAINING TO THIS TRACT. RECORD INFORMATION SHOWN ON THIS PLAT (5 BASED 011 PUBLIC INFORMATION. THE SURYEYDR HAS NOT ABSTRACTED THIS TRACT. 3. P.U.E. INDICATES PUBLIC UTILITY EA5EMENT. 4. 0.8.8.0.T. INDICATES OFFICIAL RECORDS OF 8(11(0 50N COUNTY TEXAS 5. 8.0.0.8. INDICATES WILLIAL60N COUNTY DEED RECORDS 6. 8.0.0.8. INDICATES WILLIAMSON COUNTY PLAT RECORDS 7. THIS PLAT IS ACCOAPANIE0 BY A SEPARATE ((TES AND BOUNDS DESCRIPTION. W. THE PROPOSED BASELINE SHORN HEREON (5 PER A DESIGN SCHEMATIC FILE PROYI 8Y.TU • COLLIE *1*)8RADEN. INC. / DATE) - 17 ' JAY DON CANINE REGISTERED PROFESSIONAL LAND SURVEYOR TEXAS REGISTRATION N0. •345 JACOB M. HARRELL SURVEY. A -284 1080 ' 14.52 'E.45'55'0 l *77 STA. 519+30.15 200.00 RT. LOT 1. BLOCK K 2'28'29'8 1.42 ACRES 29.33' LA FRONTERA SECTION IV CABINET 5. SLIDES 66 -68 SURVEY 1E6EN0 ■ - ramp TX007 BRASS DISK IN CDNC8ETE ❑ - SET NOW BRASS 0(58 IN CONCRETE Q - SET 'y IRON ROD 8 /TX00T ALUM. CAP • = FOUND . 8 IRON ROD UNLESS 010008ISE NOTED FOUND 4' X 4' CONCRETE *0NUf(60 • CALCULATED POINT IL - PROPERTY LINE • BASELINE UTILITY POLE 35/45 INVESTORS. L.P. 227.8382 ACRES I DOC. 7+9848753 O.R.W.C.T. 15' P.U.E•�I N CABINET 5 SLIDES 69 -26 P.u.E. CABINET 5 SLIDES 66-66 CHECKED 8Y: WJM CALE: 1 = 100' GATE: APRIL 2000 DRAWN BY: JKB @ CURVE DATA L 1.230.95' R 9.567. B0' A 07 C8 S86.18'SI'E CD 1.230.10' PC 521+28.36 PT 533+59.31 P1 527+14.68 K 3.731.893.51 Y 10.149.401.09 • ,LOT 5. BLOCK 6.17 ACRES' I"'"' LA.FRONTERA ,SECTION 1118 SABINET 5 SLID S 69 -76 W .0.R. RESERVED FOR FUTURE NOT DEDICATED BY THIS PLAT 5.0.45 PARCEL PLAT FOR PARCEL 76 COUNTY: WILLIAMSON GRANTOR :35/45 INVESTORS. L.P. ACREAGE SUMMARY ISO. T.) MOLE PROPERTY AREA ACOUI8E0 REMAINDER RIGHT 61.855 7.492 54.363 SURVCON INC. PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE (512) 899 -8282. FAX (512) 899 -9390 EMAIL: austinesurvcan.00 JOB tt: 417 -658 F.B. +r: SH 45 CAD FILE: r County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: EXHIBIT A Page 1 of? Pages Property Description for Parcel 77 EXHIBIT Being all that certain 0.009 of one acre (392 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acre tract conveyed to 35/45 INVESTORS, L.P., recorded in Document Number 9848753 of the Official Records of Williamson County, Texas (O.R.W.C.T.) and being out of Lot 2, Block G of the La Frontera Section IIIB Subdivision, recorded in Cabinet S, Slides 69 through 76 of the Williamson County Plat Records (W.C.P.R.). Said 0.009 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a %z -inch iron rod with Texas Department of Transportation (TxDOT) aluminum cap (X= 3,130,992.46, Y= 10,149,462.12) set at 253.07 feet left of and perpendicular to State Highway 45 (SH 45) Baseline Station 518 +77.75, being in the proposed northerly right - of -way line of said SH 45, being in the existing westerly right -of -way line of La Frontera Boulevard (100 foot wide) as dedicated per plat of said La Frontera Section IIIB Subdivision and. being in the easterly line of said Lot 2; 1. THENCE, South 12 °14'05" East (S 09 °45'08" E), along the easterly line of said Lot 2 and the westerly right -of -way line of said La Frontera Boulevard, a distance of 20.00 feet to a '/z -inch iron rod with TxDOT aluminum cap set for the beginning of a tangent cut -back curve to the right; 2. THENCE, an arc distance of 23.56 feet and along said cut -back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 90 °00'00 ", a Chord Bearing and Distance of South 32 °45'55" West, 21.21 feet (L= 23.56', R= 15.00', Delta-90°00'00", CH =South 35 °14'52" West, 21.21') to a %z -inch iron rod with TxDOT aluminum cap set for the point of tangency and being in the south line of said Lot 2; 3. THENCE, South 77 °45'55" West (S 80 °14'52" W), along the southerly line of said Lot 2, a distance of 10.00 feet to a %z -inch iron rod with TxDOT aluminum cap set at 218.14 feet left of and perpendicular to SH 45 Baseline Station 518 +52.66 and being the proposed northerly right -of -way line of said SH 45; 4. THENCE, North 23 °18'10" East crossing said Lot 2 and along the proposed northerly right - of -way line of said SH 45, a distance of 43.01 feet to the POINT OF BEGINNING and containing a computed area of 0.009 of one acre (392 square feet) of land, more or less. Z:\4 17658\ PARCELS \FINALS\M &B's \PAR77.doe This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Turner Collie and Braden, Inc. Jay 1 ean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899-8282 April 13, 2000 EXHIBIT A Page? of 2 Pages Z:\417658 \PARCELS \FINALS\M &B's \PAR77.doc WHOLE PROPERTY INSET 218.57' N71.45'55'E 1580'14'52'WI $71 10.00' STA. 518417.65 211.01' LT. NOT TO SCALE 5' P.U.- 1 1 CABINET �. SL IBES 69 -161 .L.P. E R. LA FRONTERA SECTION IIIB CABINET 5. SLIDES 69 -76 W.C.P.R. PROPOSED R.O.W. S.H. 45 35/45 INVESTORS. L.P. . 227.8382 ACRES DOC. *29046753 O.R.W.C.T. LOT 2 BLOCK G 1.40 ACRES NOTES. 1. BEARINGS AND COORDINATES ARE BASED ON THE TEXAS STATE PLANE COORDINATE SYSTEM. RAD 03. CENTRAL 200E AND ADJUSTED TO SURFACE USING AN ADJUSTMENT FACTOR OF 1.00012. 2. THIS SURVEY WAS PE0F00NED WITHOUT THE BENEFIT OF A COMIITMENT FOR TITLE INSURANCE AN0 MAY NOT INCLUDE EASEMENTS AN0 INFORMATION PERTAINING TO THIS TRACT. 0E0000 INFORMATION 5 (1000 ON THIS PLAT (5 BASED ON PUBLIC INFORMATION. THE SURVEYOR HAS NOT ABSTRACTED THIS TRACT. 3. 0.R.0.0.0. INDICATES OFFICIAL RECORDS OF WILLIA0500 COUNTY. TEXAS 4. W.C.O.R. INDICATES WILLIAMSON COUNTY DEED RECORDS 5. W.C.P.R. INDICATES WILLIAM50N COUNTY PLAT RECORDS 6. "NHS PLAT I5 ACCOMPANIED BY A SEPARATE METES AND BOUNDS DESCRIPTION. 7. THE PROPOSED BASELINE 50000 HEREON (5 PER A DESIGN SCHEMATIC FILE PROW! 0 T . COLLIE AND BRADEN. INC. DATE: 4- /7-00 JAY MEAN CANINE REGISTERED PROFESSIONAL LAND SURVEYOR TEXAS REGISTRATION N0. 4345 JACOB M. HARRELL SURVEY. A -284 S.14 518452.66 218.14 LT. • 077.36' 07'E /15.H.: 45 )4 • 517400 SIGN EASEIENT CABINETS. /� SLIDES 69 -76 / PROPOSED R.O.W. / S.H. 45 SURVEY LEGEND ▪ - F0014) MOT BRASS 015K IN CONCRETE ❑ - SET TX00T BRASS DISK IN CONCRETE o SET 1{ IRON ROD W /T000T ALUM. CAP • - FOUND '.r IRON R00 UNLESS OTHERWISE NOTED ® - FOUND 4' X 4' CONCRETE MONUMENT - CALCULATED POINT t - PROPERTY LINE B. BASELINE • - UTILITY ROLE P.0.0. PARCEL 11 X-3.170.992.46 0-10.149.462.12 3 51A. 518411.75 253.01' L1. 150 5'B 9'4O-EI 512. . zo.aD' 11=23.56'1 10 =15.00'1 (0-90'00' (0=535'14'52"W) 121.21') 1. 23.56' R- 15.00' 0=90'00'00' C'532 O 21.21' Er 1 7WW 3J —cc • a WO .V Z 4 = Q 01 J '2 U CHECKED BY: WJM I I ACREAGE SUMMARY (50.FT.( AEA ACROUIREO REMAINDER LEFT 60.984 392 60.592 S.H.45 PARCEL PLAT FOR PARCEL 77 COUNTY: WILLIAMSON GRANTOR:35 /45 INVESTORS. L.P. `S SURVCON INC. PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE (512) 899 -8282. FAX (512) 899-939 EMAIL: Oustin9survcon.com SCALE: 1" 50' JOB 06: 417 -658 ATE: APRIL 2000 F.B. #: 5H 45 DRAWN BY: JKB CAD FILE: 7 f o . e1. a ISSUED BY Lawyers1itleInsurance @potation SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, LAWYERS TITLE INSURANCE CORPORATION, a Virginia corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the Insured by reason of: 1. Title to the estate or interest descnbed in Schedule A being vested other than as merE'in; 2. Any defect in or lien or encumbrance on the title; 3. Any statutory or constitutional mechanic's, contractor's, or matenalmen's lien for labor or material having its inception on or before Date of Policy, 4. Lack of a nght of access to and from the land; 5. Lack of good and indefeasible title. The Company also will pay the costs, attorneys' fees and expenses Incurred in defense of the title, as insured, but only to the extent provided in the Conditions and Stipulations. IN WITNESS WHEREOF, LAWYERS TITLE INSURANCE CORPORATION has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authonzed officer or agent of the Company. Attest: _ c. / Texas Owner's Policy T -1 (Rev. 1-1-93) Cover Page Form 1178 -22 f b f 13'TiLi: By' Secretary rlSv; 1925 !iJ it'l `, .y,,,, EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restncting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any Improvement now or hereafter erected on the land; (in) a separation In ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a pad; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or govemmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect. lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking that has occurred pnor to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant pnor to the date the insured claimant became an Insured under this policy; (c) resulting in no Ions or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; (e) resulting in loss or damage that would not have been sustained if the insured claimant had paid value for the estate or interest insured by this potcy. 4. The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land described in Schedule A because of unmarketability of the title. 5. Any claim which anses out of the transaction vesting in the person named in paragraph 3 of Schedule A the estate or interest insured by thus policy, by reason of the operation of federal bankruptcy, state insolvency, or other state or federal creditors' rights laws that is based on either (i) the transaction creating the estate or interest Insured by this Policy being deemed a fraudulent conveyance or fraudulent transfer or a voidable distribution or voidable dividend, (ii) the subordination or recharacterization of the estate or Interest insured by this Policy as a result of the application of the doctrine of equitable subordination or (iii) the transaction creating the estate or interest insured by this Policy being deemed a preferential transfer except where the preferential transfer results from the failure of the Company or its issuing agent to timely file for record the Instrument of transfer to the insured after delivery or the failure of such recordation to impart notice to a purchaser for value or a Judgment or lien creditor. ORIGINAL OWNER'S POLICY OF TITLE INSURANCE LAWYERS TITLE INSURANCE CORPORATION ? tea President CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS. The following terms when used In this policy mean (a) 'insured' the insured named in Schedule A, and, subject to any rights or defenses the company would have had against the named Insured, those who succeed to the interest of the named insured by operation of law as distinguished from purchase including, but not limited to, heirs, distnbutees, devisees, survivors, personal representatives, next of kin, or corporate, partnership or fiduciary successors, and specifically, without limitation, the following (I) the successors in interest to a corporation resulting from merger or consolidation or the distribution of the assets of the corporation upon partial or complete Iiquidabon, (u) the partnership successors in Interest to a general or limited partnership which dissolves but does not terminate, (in) the successors in interest to a general or limited partnership resulting from the distribution of the assets of the general or limited partnership upon partial or complete liquidation, (IV) the successors in interest to a joint venture resulting from the distnbution of the assets of the Joint venture upon partial or complete liquidation. (v) the successor or substitute trustee(s) of a trustee named in a written trust Instrument; or (vi) the successors in Interest to a trustee or trust resulting from the distnbution of all or part of the assets of the trust to the beneficiaries thereof (b) Insured claimant'., an insured claiming loss or damage (c) 'knowledge or *known'. actual knowledge, not constructive knowledge or notice that may be Imputed to an insured by reason of the public records as defined In this policy or any other records which impart constructive notice of matters affecting the land (d) 'land': the land descnbed or referred to in Schedule A, and improvements affixed thereto that by law constitute real property The term 'land' does not Include any property beyond the lines of the area described or referred to In Schedule A, nor any nghl, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing herein shall modify or limit the extent to which a right of access to and Irom the land Is insured by this policy. (e) 'mortgage: mortgage, deed of trust, trust deed, or other secunly instrument (1) 'public records' records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without knowledge With respect to Section 1(a)(iv) of the Exclusions From Coverage, "public records' also shall include environmental protection liens filed in the records of the clerk of the United Slates distnct court for the distnc? In which the land is located (g) 'access' legal nght of access to the land and not the physical condition of access The coverage provided as to access does not assure the adequacy of access for the use intended 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE. The coverage of this policy shall continue in force as of Date of Policy in favor of an insured only so long as the Insured retains an estate or Interest In the land, or holds an indebtedness secured by a purchase money mortgage given by a purchaser from the insured, or only so long as the insured shall have liability by reason of covenants of warranty made by the insured in any transfer or conveyance of the estate or interest. This policy shall not continue in force in favor of any purchaser from the insured of either (I) an estate or interest In the land, or (II) an indebtedness secured by a purchase money mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. The insured shall notify the Company promptly In writing (I) in case of any litigation as set forth in Section 4(a) below, or (n) in case knowledge shall come to an insured hereunder of any claim of title or interest that Is adverse to the title to the estate or Interest, as Insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy If prompt notice shall not be given to the Company, then as to the insured all liability of the Company shall terminate with regard to the matter or matters for which prompt notice Is required, provided, however, that failure to notify the Company shall In no rase prejudice the rights of any insured under this policy unless the Company shall be prejudiced by the failure and then only td the extent of the prejudice When, atter the date of the policy, the insured notifies the Company as required herein of a lien, encumbrance, adverse claim or other defect In 1010 to the estate or interest in the land insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect is valid and not barred by law or statute The Company shall notify the Insured In wntirg, within a reasonable t ma eIlts_i— determination as to the validity or Invalidity of the Insureds maim or charge under the policy If the Company concludes that the hen, encumbrance, adverse claim or defect Is not covered by this policy, or was otherwise addressed in the closing of the transaction In connection with which this policy was issued, the Company shall specifically advise the insured of the reasons for Its determination II the Company concludes that the lien, encumbrance, adverse claim or defect Is valid, the Company shall take one of the following actions' (I) institute the necessary proceedings to clear the lien, encumbrance, adverse claim or defect from the title to the estate as insured, (II) indemnify the insured as provided in this policy, (II) upon payment of appropriate premium and charges therefor, issue to the Insured claimant or to a subsequent owner, mortgagee or holder of the estate or interest In the land insured by this policy, a policy of htle insurance without exception for the hen, encumbrance, adverse claim or defect, said policy to be in an amount equal to the current value of the property or, if a mortgagee policy, the amount of the loan; (iv) indemnity another title insurance company In connection with Its issuance of a policy(les) of title insurance without exception for the lien, encumbrance, adverse claim or detect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or detect; or (011 undertake a combination of (I) through (v) •herein 4. DEFENSE AND PROSECUTION OF ACTIONS: DUTY OF INSURED CLAIMANT TO COOPERATE (a) Upon wntten request by the insured and subject to the options contained in Section 6 of these Conditions and Stipulations, the Company, at Its own cost and without unreasonable delay, shall provide for the defense of an insured in litigation in which any third party asserts a claim adverse to the title or interest as insured, but only as to those stated causes of action alleging a defect, lien or encumbrance or other matter Insured against by this policy The Company shall have the right to select counsel of its choice (subject to the nghl of the insured to object for reasonable cause) to represent the insured as to those stated causes of action and shall not be liable for and will not pay the fees of any other counsel. The company will not pay any fees, costs or expenses incurred by the Insured in the defense of those causes of action That allege matters not insured against by this policy (b) The Company shall have the right, at Its own cost, to institute and prosecute any action or proceeding or to do any other act That in Its opinion may be necessary or desirable to establish the title to the estate or interest, as insured, or to prevent or reduce loss or damage to insured The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable hereunder, and shall not thereby concede liability or ,waive any provision of this policy If the Company shall exercise Its rights under this paragraph, it shall do diligently (c) Whenever the Company shall have brought an action or Interposed a defense as required or permitted by the provisions of this policy, the Company may pursue any litigation to final determination by a court of competent jurisdiction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. (d) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, and all appeals herein, and permit the Company to use. at its option, the name of the insured for this purpose Whenever requested by the Company, the insured, at the Company's expense, shall give the company all reasonable aid (i) in any action or proceeding, secunng evidence, obtaining vntnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (11) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the title to the estate or interest as insured If the Company is prejudiced by the failure of the insured to furnish the required cooperation, the Company's obligations to the insured under the policy shall terminate, including any liability or obligation to defend, prosecute. or continue any litigation, with regard to the matter or matters requinng such cooperation 5. PROOF OF LOSS OR DAMAGE. In addition to and after the notices required under Section 3 of these Conditions and Stipulations have been provided the Company, a proof of loss or damage signed and swom to by the insured claimant shall be furnished to the Company within 91 clays after the insured shall ascertain the facts giving nse to the loss or damage The proof of loss or damage shall describe the defect in, or lien or encumbrance on the bile, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage If the Company Is prejudiced by the failure of the insured claimant to provide the required proof of loss or damage, the Company's obligations to the insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such proof of toss or damage In addition, the Insured claimant may reasonably be required to submit to examination under oath by any authorized representative of the Company and shall produce for examination, Inspection and copying, at such reasonable times and places as may be designated by any authonzed representative of the Company, all records, books, ledgers, checks, correspondence and memoranda, whether bearing a date before or alter Date of Policy, which reasonably pertain to the loss or damage Further, If requested by any authonzed representative of the Company, the insured claimant shall grant Its permission, In witting, for any authonzed representative of the Company to examine, inspect and copy all records, books, ledgers, checks, correspondence and memoranda In the custody or control of a third party, which reasonably pertain to the loss or, damage. All information designated as confidential by the insured claimant provided to the Company pursuant 16 this Section shall not be disclosed to others unless, In the reasonable judgment of the Company, It is necessary In the administration of the claim. Failure of the insured claimant to submit for examination under oath, produce other reasonably requested information or grant permission to secure reasonably necessary Information from third parties as required In this paragraph shall terminate any liability of the Company under this policy as to that claim S.f- OPTIONS— TO_EAY_an'oTNCRWICaSEZILE CLAIMS'TION OF LIABILITY. In case of a claim under this policy, the Company shall have the addNonal ophons' (a) To Pay or Tender Payment of the Amount of Insurance To pay or tender payment of the amount of insurance under this policy, together with any costs, attorneys' Is and expenses incurred by the insured claimant, which were authorized by the Company, up to the time of payment or tender of payment and which the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations to the insured under this policy, other than to make the payment required, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, and the policy shall be surrendered to the Company for cancellation wing continued on next page of cover sheet CASE NUMBER 0211501 L 491 $ * * ** *65,696.06 $ * ** *719.00 1000 2000 RR 211501 -D (215) /CU 1. Name of Insured: CITY OF ROUND ROCK 2. The estate or interest in the land that is. covered bythis- policy is: FEE SIMPLE 3. Title to the estate or interest in the land is insured as vested in: CITY OF ROUND ROCK 4. The land referred to'in this policy is described as follows: THE JAC M. HARRELL TCT I: 0.022 A WILLIAMSON CRES RE TEXAS, AND BEING PARTICULARLY DESCR B D EXHIBIT "A" ATTACHED HERETO. TRACT II: 0.081 ACRES MORE OR LESS, OUT OF THE JACOB M. HARRELL SURVEY A -284 WILLIAMSON COUNTY TEXAS, AND BEING MORE PARTICULARLY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO. TRACT II_I: 0.009 ACRES MORE OR LESS OUT OF THE JACOB M. HARRELL SURVEY A 2I4IT L _ AMSONHCD NNTTRETTEXAS, AND BEING MORE PARTICULARLY DESCRIBED IN Texas Owner's Policy T - (Rev. 1 -1 -93) Schedule A LAWYERS TITLE INSURANCE CORPORATION OWNER POLICY OF TITLE INSURANCE DATE OF AMOUNT OF POLICY NUMBER POLICY INSURANCE 8/16/2001 $ * * ** *65,696.06 0211501 SCHEDULE A AUSTIN TITLE COMPANY Countersigned ak, °" . 1 Autnorizea Lountersignatufe Valid Only If Schedule B And Cover Page Are Attached County: Williamson Highway: State Highway 45 Limits: From West of US 183 to FM 685 CSJ: EXHIBIT A Page I of? Pages Property Description for Parcel 77 Being all that certain 0.009 of one acre (392 square feet) tract of land situated in the Jacob M. Harrell Survey A -284, Williamson County, Texas, and being out of a called 227.8382 acte tract conveyed to 35/45 INVESTORS, L.P., recorded in Document Number 9848753 of the Official Records of Williamson County, Texas (O.R.W.C.T.) and being out of Lot 2, Block G of the La Frontera Section IIIB Subdivision, recorded in Cabinet S, Slides 69 through 76 of the Williamson County Plat Records (W.C.P.R.). Said 0.009 of one acre tract being more particularly described by metes and bounds as follows with all bearings and coordinates based on the Texas State Plane Coordinate System, NAD 83, Central Zone and adjusted to surface using a surface adjustment factor of 1.00012: BEGINNING at a 1/2-inch iron rod with Texas Department of Transportation (TxDOT) aluminum cap (X= 3,130,992.46, Y= 10,149,462.12) set at 253.07 feet left of and perpendicular to State Highway 45 (SH 45) Baseline Station 518 +77.75, being in the proposed northerly right - of-way line of said SH 45, being in the existing westerly right -of -way line of La Frontera Boulevard (100 foot wide) as dedicated per plat of said La Frontera Section IIIB Subdivision and. being in the easterly line of said Lot 2; I. THENCE, South 12°14'05" East (S 09 °45'08" E), along the easterly line of said Lot 2 and the westerly right -of -way line of said La Frontera Boulevard, a distance of 20.00 feet to a'/ -inch iron rod with TxDOT aluminum cap set for the beginning of a tangent cut -back curve to the right; 2. THENCE, an arc distance of 23.56 feet and along said cut -back curve to the right, with a Radius of 15.00 feet, a Delta Angle of 90 °00'00 ", a Chord Bearing and Distance of South 32 °45'55" West, 21.21 feet (L= 23.56', R= 15.00', Delta =90 °00'00 ", CH =South 35 °14'52" West, 21.21') to a 1/2-inch iron rod with TxDOT aluminum cap set for the point of tangency and being in the south line of said Lot 2; 3. THENCE, South 77 °45'55" West (S 80 °14'52" W), along the southerly line of said Lot 2, a distance of 10.00 feet to a 1/2-inch iron rod with TxDOT aluminum cap set at 218.14 feet left of and perpendicular to SH 45 Baseline Station 518 +52.66 and being the proposed northerly right -of -way line of said SH 45; 4. THENCE, North 23 °18'10" East crossing said Lot 2 and along the proposed northerly right - of -way line of said SH 45, a distance of 43.01 feet to the POINT OF BEGINNING and containing a computed area of 0.009 of one acre (392 square feet) of land, more or less. Z:\ 417658 \PARCELSIFINALS\M &B's \PAR77.doc Jay bean Canine Registered Professional Land Surveyor Texas Registration Number 4345 SURVCON INC. 5316 Highway 290, Suite 480 Austin, Texas 78735 (512) 899 -8282 April 13, 2000 EXHIBIT A Page Z of Z Pages This Metes and Bounds description is accompanied by a separate plat. Calls in parenthesis denote record information. The proposed baseline information recited herein is based on a design schematic drawing provided by Turner Collie and Braden, Inc. Z:\ 417658 \PARCELSIPINALS\M &B's\PAR77.doe NOTESs WHOLE PROPERTY INSET 1100'14'52'41 S17 10.00' STA. 511.77.145 NOT TO SCALE 15' P.U.E. CABINET 5. SLIDES 19 -761 Y .C.P.1. 1 LA FRONTERA SECTION IIIB CABINET S. SLIDES 69 -T0 35/45 INVESTORS. L.P. . 227.8362 ACRES OOC. 49848753 O.R.W.C.T. 218.57' N72 E PROPOSED R.O.Y. 5.H. 45 LOT 2 BLOCK 6 1.40 ACRES 517400 477'36'07'0 S.H. 1. BEARINGS AM COORDINATES ARE BASED 04 THE TEXAS STATE PLANE COORDINATE 5Y51E14. 080 e3. (ENTRA_ TONE ARO ADJUSTED TO SURFACE 05(00 AN ADJUSTIENT FACTOR OF 1.00012. 2. THIS SURVEY WAS PERF0R4400 WITHOUT 714E BENEFIT OF A COMNIIIENT FOR TITLE INSURANCE AM MAY NOT INCLUDE EA5EIENTS AN0 INFORMATION PERTAINING 10 THIS TRACT. RECEND INFORMATION 114CYN BN THIS PLAT IS BASED ON Pu6LIC INFORMATION. THE 5URVE101 NA5 NOT ABSTRACTED 1415 TRACT. 3. 0.4.8.0.1. 1MOICATES OFFICIAL RECORDS OF SILLIAlC0N COUNTY. TEXAS 4. 0.(.0.R. IROICATE5 VILLIM60N COUNTY OECD RECORDS 5. 8.C.P.R. INDICATES WILLIAMSON COUHTT PLAT RECORDS S. THIS PLAT I5 ACCOIPANIE0 BT A SEPARATE METES ANC 50RC5 DESCRIPTION. T. THE PROPOSED BASELINE swum NEREEN IS PER A DESIGN SCHEMATIC FILE PROM T 1 COLLIE ANC BRADEN. INC. �� DATER 4- /7 - ea JAY AN CANINE 0(GISTEREO PRKCSSIONA1. LAM SURVEYOR TEXAS REGISTRATION M. 4345 JACOB M. HARRELL SURVEY, A -284 SIGN EASEIENT • — CA8I1415. / SLIDES GI-16 / PARCEL 71 0.3.130 .952.46 1.10.14 9.462.12 PROPOSED R.O.Y. A. 51e.n.95 / S.N. 45 253.02' LT. STA. 515452.446 211.14 LT. T506'45'06'0 512'14'05'E f 20.00' 11.15.00') (4.50'00'45 [C 1 2 1 .2 52'8I x1.21 1 1 L45.00' R•15.00' •.90•00'45' 211.01 11. 0 10 C 212=1 55'0 0= 1 W � m, • 45 • 1 01 WO .V 2' O y O.-F- C Z a m a • - FORD IRON ROO 121.E55 DTNERYISE NOTED ` {{ { Y TDUM 4' x 4' CONCRETE MBCIENI LS - CALCULATED POINT [ . PROPERTY LINE 1 1 . BASELINE • y UTILITY POLE SURVEY LEGEND ✓ FOUND 10001 MASS 0150 IN CONCRETE ❑ - SET 10001 BRA55 0155 10 CONCRETE o - SET IRBN R00 11/14D04 Alum. CAP u ACREAGE SUMMARY 450.FT.) WHOLE PROPERTY AREA ACONIRED REININOER LEFT 60.964 392 440.592 5.H.45 PARCEL PLAT FOR PARCEL 77 COUNTY: WILLIAMSON CRANTOR:35 /45 INVESTORS. L.P. SURVCON INC. PROFESSIONAL SURVEYORS 5316 HWY. 290 WEST. SUITE 480 AUSTIN. TEXAS 78701 TELEPHONE (5121 899 -8282. FAX (5121 899 -939 EMAIL: Nwstinesurvaxl SCALE: 1' . 50' ATE: APRIL 2000 RAWN BY: JKB NECKED BY: WJM JOB st: 417 -65 (: SH 45 AD FILE: morn LAWYERS TITLE INSURANCE CORPORATION OWNER POLICY OF TITLE INSURANCE CASE NUMBER DATE OF POLICY 2000 RR 211501 -D (215) /CU 8/16/2001 SCHEDULE B POLICY NUMBER 0211501 This policy does not insure against loss or damage (and the Company will not pay costs, attorne s fees or expenses) that arise by reason of the terms and conditions of the leases or easements insured, if any, shown in Schedule A and the following matters: 1. The following restrictive covenants of record itemized below (the Company must either insert specific recording data or delete this exception): DOCUMENT #9923405 OFFICIAL RECORDS; DOCUMENT #2000005167, OFFICIAL PUBLIC RECORDS, WILLIAMSON COUNTY, TEXAS. BUT OMITTING ANY COVENANT OR RESTRICTION BASED ON RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property • or survivorship rights, if any, of any spouse of any insured. 4. Any titles or rights asserted by anyone, including but not limited to, persons the public, corporations, government or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or c. to filled -in lands, or artificial islands, d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line of vegetation or the right of access to that area or easement along and across that area. 5. Standby fees, taxes and assessments by any taxing authority for the year 2001 , and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, TEXAS TAX CODE, or because of improvements not assessed for a previous tax year. 6. The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception.): RIGHTS OF TENANTS IN POSSESSION AS TENANTS ONLY UNDER ANY AND ALL UNRECORDED LEASE AND / OR RENTAL AGREEMENTS IINCLUDING BUT NOT LIMITED TO, D D OC E UMENT E #9848753 D AND E DOCUMENT #9848755,, OFFICIAL RECORD RECORDED , WILLIAMSON COUNTY, TEXAS. 7. THIS PROPERTY IS LOCATED WITHIN BRUSHY CREEK WATER CONTROL AND IMPROVEMENT DISTRICT #1 AND IS SUBJECT TO ALL RIGHTS UNDER THE LAW ACCORDED TO SUCH A DISTRICT. 8. POLLUTION ABATEMENT PLAN DATED AUGUST 12, 1999, EXECUTED BY WILLIAM S. ( CONT. ON SCH. B, PAGE 2 ) Texas Owner's Policy T -1 (Rev. 1 -1 -93) Valid Only If Schedule A Schedule B And Cover Page Are Attached LAWYERS TITLE INSURANCE CORPORATION OWNER POLICY OF TITLE INSURANCE 1 POLICY NUMBER CASE NUMBER DATE OF POLICY 2000 RR 211501 -D (215) /CU 8/16/2001 SCHEDULE B SMALLING RECORDED AS DOCUMENT #199958420 OFFICIAL PUBLIC RECORDS, WILLIAMSON COUNTY, TEXAS. (TRACTS i & III$ 0211501 9. OF R P AS SHOWN (TTRRACTST1 & S SOUTHERLY PROPERTY LINE III) 10. SIGN EASEMENT ACROSS SUBJECT PROPERTY AS SHOWN ON PLAT. (TRACTS I & III) 11. ORDINANCE ADOPTING THE LA FRONTERA WEST PUD NO. 39 RECORDED AS DOCUMENT #9923405, OFFICIAL RECORDS, WILLIAMSON COUNTY, TEXAS. 12. AN EASEMENT DATED JULY 31 1936, GRANTED TO TEXAS POWER & LIGHT COMPANY BY W TEXAS. (EASEMENTME FORBELECTRIC3 368, DEED DISTRIBUTION LINE, TOGETHER WITH ALL RIGHTS RECITED THEREIN) 13. AN EASEMENT DATED AUGUST 4 1936 GRANTED TO TEXAS POWER & LIGHT COMPANY BY ERNEST A. ANDERSON AND WIFE NANCY ANDERSON RECORDED IN VOLUME 282 T $ AN D /OR O LINE, TOGETHERSWIT ALL GHTS FOR RECITED _ TRIC THEREIN) 14. RECORDED BY ERNEST R. ANDERSON FE M NANCY CORDED IN VOLUME (EASEMENT FOR ELLECTRIC /OR COUNTY, OGETHER WITH RIGHTS RECITED THEREIN) 15. AN EASEMENT DATED MAY 30, 1951 GRANTED TO TEXAS POWER & LIGHT COMPANY BY ESTATE OF C.A. ANDERSON DECEASED, RECORDED IN VOLUME 372 PAGE 63 DEED AND / DISTRIBUTION LINE, YT 1'OGETHER WITH RIGHTS THEREIN� 16. AN EASEMENT DATED MAY 29 1951 GRANTED TO TEXAS POWER & LIGHT COMPANY BY PAGE 65, DEED E REG C OR D DSS WILLIAM COUNTY ME (EASEMENT N FOR L ELECTRIC TRANSMISSION AND /OR DISTRIBUTION LINE, TO WITH ALL RIGHTS RECITED 17. AN EASEMENT DATED APRIL 17 1981 GRANTED TO THE CITY OF ROUND ROCK BY TOM KOURI RECORDED IN VOLUME 850 PAGE 906 DEED RECORDS CORRECTED AND RE-RECORDED LLIAMSONCOUNTY, TEXAS. (EASEMENT FOR PUBLIC TOGETHER C WITH ALL RIGHTS RECITED THEREIN) 18. AN EASEMENT DATED SEPTEMBER 23, 1985, GRANTED TO THE CITY OF ROUND ROCK BY ( CONT. ON SCH. B, PAGE 3 ) Texas Owner's Policy T -1 (Rev. 1 -1 -93) Valid Only If Schedule A Schedule 13 And Cover Page Are Attached LAWYERS TITLE INSURANCE CORPORATION OWNER POLICY OF TITLE INSURANCE CASE NUMBER DATE OF POLICY NUMBER POLICY 2000 RR 211501 -D (215) /CU 8/16/2001 0211501 SCHEDULE B TOM KOURI RECORDED IN VOLUME 1250 PAGE 705 OFFICIAL RECORDS WILLIAMSON COU THXASIN) (EASEMENT FOR PUBLIC UTILITIES, TOGETHER WITH ALL RIGHTS 19. AN EASEMENT DATED APRIL 12, 1999 GRANT D TO DDR DB DEVELOPMENT VENTURES L.P. A TEXAS LIMITED PARTNERSHIP BY 35 45iINVESTORS, L.P. A TEXAS LIMITED COUNTY TEX X AS. (EASEMENT , RECORDED ACCESS9 ALL THEREIN 20. TERMS PROVISIONS AND CONDITIONS SET OUT IN THAT CERTAIN PERMIT TO APPROPRIATE STATE WATER DATED JANUARY 29 1985, RECORDED IN VOLUME 2, PAGE 49, WATER RECORDS, WILLIAMSON COUNTY, TEXAS. 21. AN EASEMENT DATED AUGUST 15 1958 GRANTED TO TEXAS POWER & LIGHT COMPANY BY R PAGE 11, DEED ANDERSON ORS WILLIAMSON COUNTY TEXAS. (EAASEMENTDFOR VOLUME LEC R 427, IC TRANSMISSION AND /OR DISTRIBUTION LINE, TO WITH ALL RIGHTS RECITED 22. AN EASEMENT DATED JANUARY 9 1963, GRANTED ITO SOUTHWESTERN BELL TELEPHONE COMPANY BY E.R. ANDERSON AND WIFE MRS. NANCY ANDERSON, RECORDED IN VOLUME COMMUNICATIOI LI ALL THEREIN) FOR 23. AN EASEMENT DATED FEBRUARY 2 1981 GRANTED TO LARTNEC INVESTMENT CO. AN IOWA CORPORATION BY TOM KOURI AND WIFE HELEN KOURI RECORDED IN VOLUME 824 P 593 DEED RECORDS WILLIAMSON COUNTY TEXAS. (EASEMENT FOR UTILITIES, TOGETHER WITH ALL RIGHTS RECITED THEREIN) 24. AN EASEMENT DATED FEBRUARY 2 1981 GRANTED TO LARTNEC INVESTMENT CO. AN ' IOWA CORPORATION BY TOM KOURf AND WIFE HELEN KOURI RECORDED IN VOLUME UTILITIES,5TOGETHER WIDEED RIGHTS THEREINN))S. (EASEMENT FOR 25. AN EASEMENT DATED AUGUST 24, 1981, GRANTEDITO THE CITY OF ROUND ROCK BY TOM KOURI RECORDED IN VOLUME 850 PAGE 902 DEED RECORDS WILLIAMSON CO U N TY , TEXASIN)(EASEMENT FOR PUBLIC UTILITIES, TOGETHER WITH ALL RIGHTS 26. AN EASEMENT 15 FEET IN WIDTH IS RESERVED ACROSS SUBJECT PROPERTY FOR PUBLIC UTILITIES, AS SHOWN ON PLAT. (TRACT II) Texas Owner's Policy T -1 (Rev. 1 -1 -93) Valid Only If Schedule A Schedule B And Cover Page Are Attached ( CONDITIONS AND STIPULATIONS — CONTINUED (b) To Pay or Otherwise Settle With Parries Other than the Insured or With the ' Insured Claimant (I) to pay or otherwise settle with other parties for or in the name of an insured claimant any claim insured against under this policy, together with any costs, attorneys' fees and expenses incurred by the insured claimant, which were authorized by the Company up to the time of payment and which the Company is obligated to pay. or ( to pay or othervse settle vnth the insured claimant the loss or damage provided for under this policy, together with any costs, attomeys' fees and expenses incurred by the insured claimant, which were authorized by the Company up to the time of payment and which the Company is obligated to pay Upon the exercise by the Company of either of the options provided for in paragraphs (b)(i) or (ti), the Company's obligations to the Insured under this policy for the Claimed loss or damage, other than the payments required to be made, shall terminate, Including any lability or obligation to defend, prosecute or continue any litigation 7. DETERMINATION, EXTENT OF LIABILITY AND COINSURANCE. This policy Is a contract of Indemnity against actual monetary loss or damage sustained or incurred by the insured claimant who has suffered loss or damage by reason of matters Insured against by this policy and only to the extent herein described. (a) The liability of the Company under thus policy shall not exceed the least of. (I) the Amount of Insurance slated In Schedule A; (11) the difference between the value of the insured estate or Interest as insured and the value of the insured estate or interest subject to the defect, Ilen or encumbrance Insured against by this policy at the date the insured claimant Is required to furnish to Company a proof of loss or damage in accordance with Section 5 of these Conditions and Stipulations. (b) In the event the Amount of Insurance stated in Schedule A at the Date of Policy is less than 80 percent of the value of the Insured estate or interest or the full consideration paid for the land, whichever is less, or it subsequent to the Date of Policy an Improvement is erected on the land which increases the value of the insured estate or Interest by at least 20 percent aver the Amount of Insurance stated in Schedule A, then this Policy Is subject to the following (I) where no subsequent Improvement has been made, as to any partial loss, the Company shall only pay the foss pro rata in the proportion that the amount of Insurance at Date of Policy bears to the total value of the insured estate or Interest at Date of Policy; or (e) where a subsequent Improvement has been made, as to any partial loss, the Company shall only pay the Toss pro rata in the proportion that 120 percent of the Amount of Insurance stated in Schedule A bears to the sum of the Amount of Insurance stated in Schedule A and the amount expended for the Improvement The provisions of this paragraph shall not apply to costs, attomeys' lees and expenses for which the Company Is liable under this policy, and shall only apply to that portion of any loss which exceeds, In the aggregate, 10 percent of the Amount of Insurance stated in Schedule A (c) The Company will pay only those costs, attorneys' fees and expenses incurred in accordance with Section 4 of these Conditions and Stipulations 8. APPORTIONMENT. If the land descnbed In Schedule A consists of two or more parcels that are not being used as a single site, and a loss Is established affecting one or more of the parcels but not all, the toss shall be computed and settled on a pro rata basis as If the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel to the whole, exclusive of any Improvements made subsequent to Date of Policy, unless a liability or value has otherwise been agreed upon as to each parcel by the Company and the Insured at the time of the issuance of this policy and shown by an express statement or by an endorsement attached to this policy 9. LIMITATION OF LIABILITY. (a) If the Company establishes the title, or removes the alleged defect. lien or encumbrance, or cures the lack of a right of access to or from the land, all as Insured, or takes action In accordance with Section 3 or Section 6, in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, It shall have Cully performed Its obligations with respect to that matter and shall not be liable for any loss or damage caused thereby (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals therefrom, adverse to the title as Insured (c) The Company shall not be liable for loss or damage to any insured for lability voluntanly assumed by the insured In settling any claim or suit without the prior wnden consent of the Company 10. REDUCTION OF INSURANCE: REDUCTION OR TERMINATION OF LIABILITY. All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount of the Insurance pro lento. 11. LIABILITY NONCUMULATIVE. It is expressly understood that the amount of Insurance under this policy shall be reduced by any amount the Company may pay under any policy insuring a mortgage to which exception is taken In Schedule B or to which the Insured has agreed, assumed, or taken subject, or which Is hereafter executed by an insured and which is a charge or lien on the estate or interest descnbed or referred to in Schedule A, and the amount so pad shall be deemed a payment under this policy to the Insured owner 91178-22 12. PAYMENT OF LOSS. (a) No payment shall be made without producing this policy for endorsement of the payment unless the policy has been lost or destroyed, in which case proof of loss or destruction shall be lumished to the satisfaction of the Company (b) When liability and the extent of loss or damage has been definitely fixed in accordance with these Conditions and Stipulations, the loss or damage shall be payable within 30 days thereafter. 13. SUBROGATION UPON PAYMENT OR SETTLEMENT. (a) The Company's Right of Subrogation. Whenever the Company shall have settled and paid a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant The Company shall be subrogated to and be entitled to all rights and remedies that the Insured claimant would have had against any person or property In respect to the claim had this policy not been Issued If requested by the Company, the Insured claimant shall transfer to the Company all nghts and remedies against any person or property necessary in order to perfect this right of subrogation The insured claimant shall permit the Company to sue, compromise or 5ehle in the name of the Insured claimant and to use the name of the Insured claimant m any transaction or litigation involving these rights or remedies If a payment on account of a claim does not fully cover the loss of the Insured claimant, the Company shall be subrogated to these rights and remedies In the proportion that the Company's payment bears to the whole amount of the loss. If loss should result from any act of the insured claimant, as stated above, that act shall not void this policy, but the Company, In that event, shall be required to pay only that part of any losses Insured against by this policy that shall exceed the amount, it any, lost to the Company by reason of the impairment by the insured claimant of the Company's right of subrogation (b) The Company's Rights Against Non-insured Obligors. The Company's nght of subrogation against non - insured obligors shall exist and shall Include, without limitation, the rights of the Insured to Indemnities, guaranties, other policies of insurance or bonds, notwithstanding any terms or conditions contained in those instruments that provide for subrogation nghts by reason of this policy 14. ARBITRATION. Unless prohibited by applicable law or unless this arbitration section is deleted by specific provision in Schedule B of this policy, either the company or the insured may demand arbitration pursuant to the Tulle Insurance Arbitration Rules or the Amencan Arbitration Association Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service of the Company in connection with Its Issuance or the breach of a policy provision or other obligation All arbitrable matters when the Amount of Insurance is 51,000,000 or less SHALL BE arbitrated at the request of either the Company or the Insured, unless the Insured is an individual person (as distinguished from a corporation. trust, partnership, association or other legal entity). All arbitrable matters when the Amount of Insurance Is in excess of 51,000,000 shall be arbitrated only when agreed to by both the Company and the Insured Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the insured, the Rules in effect at Date of Policy shall be binding upon the parties The award may include attomeys' lees only if the laws of the state in which the land is located permit a court to award attomeys' fees to a prevailing party Judgment upon the award rendered by the Arbrtrator(s) may be entered in any court having jurisdiction thereof The law of the sibs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules A copy of the Rules maybe obtained from the Company upon request 15. LIABILITY LIMITED TO THIS POLICY: POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, 11 any, attached hereto by the Company is the entire policy and contract between the insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole (b) Any claim of loss or damage. whether or not based on negligence, and which anses out of the status of the title to the estate or interest covered hereby or by any action asserting such claim, shall be restricted to this policy (c) No amendment of or endorsement to this policy can be made except by a writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company. 16. SEVERABILITY. In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision, and all other provisions shall remain in lull force and effect 17. NOTICES, WHERE SENT. All notices required to be given the Company and any statement In wnhng required to be furnished the Company shall include the number of this policy and shall be addressed to Consumer Affairs Department, P O Box 27567, Richmond, Virginia 23261 -7567 COMPLAINT NOTICE. Should any dispute arise about your premium or about a claim that you have flied, contact the agent or write to the Company that issued the policy. R the problem is not resolved, you also may write the Texas Department of Insurance, P.O. Box 149091, Austin, TX 78714 - 9091, Fax No (512) 475 - 1771. This notice of complaint procedure is for information only and does not become a part or condition of this policy. CONTROL NUMBER B 11- 0 015 8 0 3 Juyers]JtIe Insurance Crporation ArANDAMEEIUCOMPANY TEXAS OWNER POLICY OF TITLE INSURANCE ISSUED BY La ulyelsZidejnsurance rpo ration HOME OmCG 101 Gateway Centre Parkway, Gateway One Richmond, Virginia 23235 -5153 A WORD OF THANKS As we make your policy a part of our permanent records, we want to express our appreciation of this evidence of your faith in Lawyers Title Insurance Corporation. There is no recurring premium. This policy provides valuable title protection and we suggest you keep it in a safe place where it will be readily available for future reference. If you have any questions about the protection provided by this policy, contact the office that issued your policy or you may write to: Consumer Affairs Department awyers]itle Insurance Gyporation 7557 Rambler Road, Suite 1200 Dallas, Texas 75231 TOLL FREE NUMBER: 1- 800 -442 -7067