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R-89-1289 - 5/25/1989ATTEST: C43RESFERNB LAND, City Secretary RESOLUTION NO. WHEREAS, the City of Round Rock, Texas (the "City ") and the Fern Bluff Municipal Utility District (the "District ") have previously entered into an Agreement to finance and construct a 1,500,000 gallon elevated reservoir, (the "reservoir "), and WHEREAS, due to an error or omission, language regarding the City's participation in the payment of operations and maintenance expenses for the reservoir was not included in the Agreement, and WHEREAS, the City desires to correct this omission, Now Therefore, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is authorized and directed on behalf of the City to sign a Letter of Agreement with the Fern Bluff Municipal Utility District to set forth the City's understanding regarding the maintenance and operations cost for the above - described reservoir, said Letter of Agreement being attached hereto and incorporated herein for all purposes. RESOLVED this 25th day of May, 1989. MIKE ROBINSON, Mayor City of Round Rock, Texas LETTER OF AGREEMENT /a 8q This Letter of Agreement is being entered into by and between FERN BLUFF MUNICIPAL UTILITY DISTRICT, (the "District "), a political subdivision of the State of Texas created and operating pursuant to Chapter 54 of Texas Water Code and the CITY OF ROUND ROCK, ( "Round Rock ") a home rule city located in Williamson County, Texas, to set forth the agreement between the District and the City regarding operations and maintenance expenses for that certain 1,500,000 gallon elevated reset °goir, ( "Reservoir ") located within the District and financed and constructed pursuant to "Agreement Regarding Reservoir Construction and Operation" ( "Reservoir Agreement ") executed by the City, the District and Williamson County Municipal Utility District No. 2 and attached hereto as Exhibit "A" and incorporated herein for all purposes and to also set forth the agreement between the District and the City regarding operations and maintenance expenses for certain water transmission lines ( "Transmission Lines ") located within the District and financial and constructed pursuant to "West Round Rock Water Supply Agreement" ( "West Round Rock Agreement ") executed by the City, the District, E. C. Joint Venture, and Hy -Land Resources and attached hereto as Exhibit "B" and incorporated herein for all purposes. The parties agree as follows: A. Reservoir Agreement C46LTOFAGRE 1. It is understood and acknowledged by the City and the District that the Reservoir Agreement sets forth that Williamson County M.U.D. No. 2 agreed to pay for its pro -rata share of operation and maintenance expenses, as defined in the Reservoir Agreement, in an amount equal to its 40.32 percentage share of ownership of the Reservoir. It is further understood and acknowledged that the Reservoir Agreement did not explicitly provide for payment of any portion of operations and maintenance expenses of the Reservoir by the City. 2. The City and the District now desire to set forth their agreement as to the sharing between them of the remaining 59.68% share of operations and maintenance expenses. The parties agree that of the entire operation and maintenance expenses, the parties shall pay as follows: Williamson County M.U.D. No. 2 - 40.32% Fern Bluff M.U.D. - 34.22% City of Round Rock - 25.46% 3. The City and the District agree that the City will pay to the District the City's pro -rata share of operation and maintenance expenses as such expenses are defined ATTEST: and set forth in the Reservoir Agreement. Provided, however, it is understood and agreed that the District shall invoice the City for its share of such expenses for each prior month in which expenses were incurred and payment for such expenses shall be payable by the City to the District within thirty (30) days of the invoice. 4. The parties agree that this Agreement is supplemental to the Reservoir Agreement and not in lieu thereof. B. West Round Rock Agreement 1. The parties agree that the District shall be responsible for operation and maintenance costs for the segments of the Transmission Mains located within the boundaries of the District. The parties further agree that the City shall be responsible for operation and maintenance costs for the segments of the Transmission Mains located outside the boundaries of the District. 2. The City and the District agree that if a party fails to timely repair a main break or the Transmission Mains to be maintained by that party, the other party, after giving written notice to the party responsible for maintenance, has the right to perform the needed repairs and the party failing to perform the required repair shall reimburse the other party for the cost of said repairs within thirty (30) days of receipt of a statement therefor. 3. The parties agree that this Agreement is supplemental to the West Round Rock Agreement and not in lieu thereof. EXECUTED this the M ill day of June it / /A./_ E LAND, Ci y Secretary CITY OF ROUND ROCK By: 2. , 1989. MIKE ROBINSON, Mayor ATTEST: P Secretary, Board of Direc •rs FERN BLUFF MUNICIPAL UTILITY DISTRICT By: 3. rint l � Name Rand . KPe /e✓ _ Title. Pre5io&Pni STATE OF TEXAS COUNTY OF WILLIAMSON AGREEMENT REGARDING RESERVOIR CONSTRUCTION AND OPERATION This Agreement is made and entered into on the day of , 1985 by and between the CITY OF ROUND ROCK, TEXAS ( "City ") a home rule city located in Williamson County, Texas, SILL MILBURN, INC., a Texas corporation, acting by and through its duly authorized president ( "Milburn "), the WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 2 ( "District No. 2 "), a conservation and reclamation district created pursuant to Article XVI, Section 59 of the Texas Constitution and operating under the provisions of the Texas Water Code; and the FERN BLUFF MUNICIPAL UTILITY DISTRICT, ( "Fern Bluff "), a conservation and reclamation district created pursuant to Article XVI, Section 59 of the Texas Constitution and operating under the provisions of Chapter 54 of the Texas Water Code. W ITN 8 9 S E T H: WHEREAS, The City, District No. 2 and Fern Bluff desire to finance, construct and have joint use of a 1,500,000 gallon elevated water reservoir, and associated facilities ("Reservoir") proposed to be located upon property presently owned by Milburn and located within the proposed Fern Bluff district; and WHEREAS, Milburn is the owner of a majority in value of the land comprising Fern Bluff and desires to participate in the construction of the Reservoir prior to the time of creation of Fern Bluff by the Texas Water Commission ( "Commission "), and EXHIBIT ," WHEREAS, the City is the wholesale supplier of potable water to District No. 2 and Fern Bluff: and WHEREAS, the parties have determined that the Reservoir sized to meet certain needs of the parties will best service the interests of the parties; NOW, THEREFORE, for and in consideration of the promisee and the mutual obligations and benefits herein contained, the City, District No. 2, Milburn and Fern Bluff hereby agree as follows: SECTION I 1.01 The Reservoir. The Reservoir shall consist of water reservoir and associated facilities described in Exhibit "A" attached hereto and incorporated herein for all purposes. Undivided pro -rata ownership of the Reservoir and capacity reserved to each party shall be as shown in Exhibit "A ". 1.02 Design of the Reservoir. All physical facilities to be constructed or acquired as a part of the Reservoir shall be designed by Haynie, Kallman & Gray, Inc., or another duly qualified engineer mutually agreeable to the parties. Such design shall be subject to the approval of the City of Round Rock and the Texas Department of Health and has been approved by District No. 2. 1.03 Construction Management of the Reservoir Project. All parties agree that Milburn shall be designated as the Construction Manager of the Reservoir project described on Exhibit "A" and shall have day to day control over the construction of the Reservoir. District No. 2 has reviewed the bide received and has approved the award of the contract. Milburn as Construction Manager shall make all monthly payments on construction contracts in accordance with the construction contracts as set forth below in Article 2.01 and shall make 3 - 885.154 - 2 monthly reports to all parties on the monies paid to contractors for the construction of the Reservoir. 1.04 Duties of the Engineer. The Engineer (1) shall make recommendations to and advise the parties upon the award of construction contracts, (2) shall make monthly reports to the parties on the progress of construction; (3) shall approve all pay estimates submitted and shall certify them as correct; (4) shall provide monthly, by the first day of each month to Milburn and District No. 2 their respective pro -rata estimates for construction contract payments; (5) shall periodically, but no less than twice a week, inspect the Reservoir during the construction thereof, and (6) shall provide a Certificate of Substantial Completion stating that the Reservoir was built according to design and specifications. No changes to the plans and specifications or change orders to the construction contracts approved by the parties shall be made without prior approval of Milburn and change orders resulting in a greater than 10% increase in the aggregate of the original awarded contract shall be approved by all parties. 1.05 Site for the Reservoir. The Reservoir shall be located as shown on Exhibit "B" attached hereto and incorporated herein by reference. District No. 2 agrees to pay Milburn, owner of the site of the elevated water reservoir, share of the fair market developed determined by a mutually agreed upon appraiser. Milburn shall dedicate the of the site to Fern Bluff upon creation Fern Bluff and District No. 2 shall pro -rata ownership interest in the site. 1.06 Construction of Reservoir. The Reservoir shall be constructed in a good and workmanlike manner and all materials us!d in such construction shall be free from defects and fit for their intended purpose. The, construction contract for the 3 - 885.154 - 3 its undivided pro -rata value of the site as independent real estate remaining pro -rata share of the District, so that each have an undivided Reservoir shall include a specific provision for a minimum one year maintenance warranty by the contractor. Upon completion of construction, Milburn shall provide Fern Bluff, District No. 2 and the City with final "as- built" mylar drawings acceptable to District No. 2 for the Reservoir approved by the engineers. District No. 2 shall have the right to inspect the Reservoir prior to initiation of operation of the Reservoir.' SECTION II 3- 885.154 - 4 2.01 Financing of the Engineering and Construction of the Reservoir. It is understood and acknowledged that Milburn shall advance monies for the pro -rata shares of Fern Bluff and the City for costs of construction and associated costa. District No. 2 shall, within five (5) business days after notice from Milburn, do one of following: (1) deposit an irrevocable letter of credit issued by a national banking institution authorized to do business in Texas in the form of the letter of credit attached hereto as Exhibit "C ", or cash, with Milburn in the amount set forth in Exhibit "A" shown as District No. 2's pro -rata share of costa of the Reservoir or (2) establish an escrow account to be administered under the terms and conditions of the Escrow Agreement attached hereto as Exhibit "D" and incorporated herein for all purposes and to be funded in the amount set forth in Exhibit "A" shown as District No. 2's pro -rata share of costs of the Reservoir.. Provided, however, in the event actual engineering and construction costs have been determined through the award of a construction contract, the letter of credit to be posted by District No. 2 or the escrow account to be established shall be based upon District No. 2'a pro -rata share of those costs and any associated costs. District No. 2 and Milburn agree that should Milburn require District No. 2 to poet the letter of credit, cash or escrow agreement prior to the time of award of the construction contracts, and if the amount of the Reservoir costa change from those estimated and shown on Exhibit "A ", a substitute letter of credit, shall be posted within five (5) working days of the award of the construction contract or additional cash or funding of the escrow account shall be deposited within five (5) days of the award, whichever is applicable. Upon the posting of a substitute letter of credit, the original letter of credit shall be returned to District No. 2. Upon receipt by District No. 2 of the Engineer's monthly pay estimate for the construction contract, which shall be delivered by the Engineer no later than the first day of the month, or upon receipt of an invoice from Milburn for other associated costs of the Reservoir, District No. 2 shall pay to Milburn no later than the tenth (10th) day of the same month such amounts requested under the pay estimate or invoice. In the event such payment is not received by Milburn from District No. 2 by the tenth (10th) day of the month, Milburn shall be authorized to draw down on the letter of credit or escrow account, whichever is applicable, from time to time for such amounts requested by Milburn for payment by pay estimate or invoice. In the event a pay estimate or invoice is not submitted by the first day of the month, District No. 2 shall have one additional day for payment to Milburn for each day passed the first day of the month that the pay estimate or invoice delivery is delayed. In the event additional sums are required to fund approved change orders, District No. 2 shall deposit within five (5) business days of notice of such requirement by Milburn an additional irrevocable letter of credit, cash or deposit funds in the escrow account, whichever is applicable, in amounts to cover such additional costs to be contributed by District No. 2. In the event District No. 2 fails to deposit either the initial letter of credit or any subsequent required letter of credit, cash or funds in the escrow account, District No. 2's undivided pro -rata share interest in the Reservoir shall be reduced.to an amount equal to the percentage that District No. 2's payments, actually made, are of the total coat of the Reservoir. District No. 2 shall than be entitled to use an amount of capacity of the Reservoir equal to such new undivided pro -rata share. In such event, District No. 2 shall have no further rights to additional capacity in the Reservoir 3- 885.154 - 5 over and above its reduced pro -rata share determined after its default. District No. 2 shall have the right from time to time to substitute a new letter of credit or funded escrow account in the amount necessary to pay all remaining costs of the Construction Project. Upon the substitution of a new letter of credit or cash or an escrow account, the original letter of credit shall be returned by Milburn to District No.'2 3.01 Ownership of Reservoir. The City, District No. 2 and Fern Bluff shall each own an undivided share of the Reservoir equal to the pro -rata amount of capacity reserved for each party as shown on Exhibit "A" attached hereto. District No. 2's participation in the funding of the engineering and construction costa shall entitle them to ownership of their pro -rata share of the Reservoir. Fern Bluff shall purchase its pro -rata share of the Reservoir from Milburn through the issuance of bonds as set forth in that certain Water Supply Agreement between the City of Round Rock, Texas and Fern Bluff Municipal Utility District dated March 28, 1985. Provided, however, Milburn agrees that Fern Bluff shall have the right to use of the Reservoir for its water system prior to the time Fern Bluff purchases the Reservoir from Milburn in return for Fern Bluff's agreement to operate and s maintain the Reservoir. The City's share of costs shall be reimbursed to Milburn through off -sets to City fees. The Reservoir shall be operated by Fern Bluff. Each party shall have the right to access to the Reservoir for purposes of inspection. It is understood and agreed by the parties that no party shall be responsible for obtaining permits or other approvals for another party to be able to use such capacity. 3.02 Definitions of Operation and Maintenance Expenses. All costs and expenses relating to operation, maintenance, repair and replacement ( "Operation and Maintenance Expenses ") of the SECTION III 3- 665.156 - 6 facilities included in the Reservoir shall be shared by Fern Bluff and District No. 2. District No. 2 agrees to pay a percentage of the Operating and Maintenance Expenses equal to its pro -rata share of ownership of the Reservoir. Operation and Maintenance Expenses shall include all actual and reasonable costa and expenses, incurred or allocatable to the operation and maintenance of the facilities of the Reservoir includingi without limitation, wages and salaries, chemicals, the purchase and carrying of stores, materials and supplies, power, supervision, electric or gas service, insurance and all other items nature reasonably required maintenance and operation of full compliance with all engineering, assessments, claims, and expenses of a like or different or desirable for the efficient the facilities of the Reservoir in regulatory requirements and the performance of the provisions of this Agreement; repairs and replacements of damages, worn out or obsolete parts; improvements and betterments to keep the facilities of the Reservoir in proper operation to render adequate service and to comply fully with all regulatory requirements; all costs associated with any penalties, fines, litigation, or other legal or court costa, provided that, if any party hereto, its agents or employees, ie determined to have unreasonable, negligently or intentionally caused such costa that party shall be solely responsible for such costa; any damage to other property relating to the use of operation of the facilities of the Reservoir provided that, if any party hereto, its agents or employees, le determined to have unreasonably, negligently or intentionally caused such coats that party shall be solely responsible for such costs; and the reasonable and necessary general and administrative expenses of Fern Bluff for the Reaervoir. The operation and maintenance expenses may specifically include, but shall not be limited to, (1) a reasonable operating reserve consisting of at least one month estimated operation and maintenance expenses and (ii) a reasonable contingency reserved for ordinary and extraordinary repairs and replacements, which reserve shall be established and shall be replenished as required. In the event approved 3- 985.154 - 7 additional facilities are operated jointly, including, but not limited to water pumps and related facilities, the above enumerated costs incurred in connection therewith shall also be "operation and maintenance expenses" or "operation and maintenance costs ". 3.03 Funding of Operating and Maintenance Expenses. The parties agree that funding of the Operating and Maintenance Expenses shall be as follows: a. Fern Bluff shall estimate and invoice District No. 2 quarterly in advance for its share of the Operating and Maintenance Expenses of the Reservoir. District No. 2 agrees to pay the estimated quarterly Operation and Maintenance Expenses within ten (10) working days of its receipt of the invoice. District No. 2 agrees to pay each quarterly estimate within ten (10) days of the receipt of the invoice and in advance of the quarter for which the coats are estimated. Exact costs after actual expenditures ehall be factored into the next quarterly estimate to credit or debit District No. 2's payments. Fern Bluff agrees to dedicate and segregate funds in an amount equal to the pro -rata share of Fern Bluff for such Operation and Maintenance Expenses for each quarter in advance of such quarter. b. In the event any additional Operation and Maintenance Expenses are incurred in the management and operation of the facilities of the Reservoir over and above those which have been estimated in advance, District No. 2 hereto agrees to pay its pro -rata share of such additional costs within ten (10) days of its receipt of an invoice. Fern Bluff shall furnish District No. 2 .with monthly operating statements. 3- 885.154 - 8 c. An Emergency Reserve shall be established by cash or Letter of Credit in the amount of $2,500.00 deposited with Fern Bluff by District No. 2 at the time the elevated storage reservoir is operational. Any funds spent from the Emergency Fund shall be replaced immediately upon notification from Fern Bluff. The amount to be supplied by the parties hereto.eFch shall be determined by and be equal. to the percentage of Operation and Maintenance Expenses due from each during the month in which the work using Emergency Reserve was performed. In the event that major expenditures for repairs or replacement of parts shall be necessary prior to the time the Maintenance is adequately funded, the costs shall be paid from the Emergency Reserve and monies replaced in the Emergency Reserve as set out below. In the event the letter of credit from District No. 2 is inadequate to pay its pro -rata share of such Maintenance, Fern Bluff shall submit an invoice to District No. 2 and such invoice shall be paid within then (10) days of the date of such invoice. Any such invoice not paid within ten (10) days shall be classified as past due and shall bear interest at the same rates as provided for other invoices under this Agreement. Fern Bluff shall also post cash or a letter of credit in the amount of $2,500 with District No. 2 to be entitled Emergency Reserve, to be drawn upon by District No. 2 in the event Fern Bluff fails or refusee to make emergency repairs, normal maintenance or refuses to pay normal Operation and Maintenance Expenses after written notice to the District Manager of Fern Bluff. Any funds spent from the Fern Bluff Emergency Reserve shall be replaced immediately upon notification from District No. 2. 3- 885.154 - 9 d. District No. 2 agrees that any invoices or bills prepared and submitted by Fern Bluff to District No. 2 shall be paid within ten (10) days of the date of such invoice and any invoice or bill not paid within ten (10) days shall be classified as past due and shall bear interest at the highest rate permitted by applicable law from its date until pa1d, and if there is no highest rate established by applicable law, such rate shall be deemed to be one and one - half percent per month. It is further agreed that if any invoice remains unpaid after thirty (30) days from its date, Fern Bluff at its option may give notice in writing of the delinquent invoice and if the invoice amount plus interest is not paid within five (5) days of such notice, Fern Bluff at its option, may elect to draw on the letter of credit or cash designated for the Emergency Reserve under Paragraph b above. So long as such bill or bills remain unpaid, District No. 2 shall not allow additional water customers to connect to its system. This is in addition to any other remedy at law or in equity. In addition, District No. 2 shall be obligated to pay reasonable attorney's fee incurred in the collection of delinquent payments or the enforcement of other legal proceedings. e. All sums payable under this Agreement shall be paid without setoff, counterclaim, abatement, or suspension except as otherwise provided herein. If District No. 2 disputes the amount to be paid, it shall nonetheless promptly make payments as contained on the invoices, and if it is subsequently determined by agreement or court decision that any such payment should have been leas, the proper adjustments will 'pomade at that time. f. All books and records relating to the Operation and Maintenance Expenses of the facilities of the Reservoir 3- 885.154 - 10 g• will be preserved by Fern Bluff for a period of four years. District No. 2 hereto shall have the right at all reasonable business hours to examine such books and records. If such examination reveals an inaccuracy in such billings theretofore made, the necessary adjustment in such billing shall be promptly made; provided that no adjustment for any 'billing shall be made more than two years after its rendition. Fern Bluff and District No. 2 hereto agree that each District will maintain a policy of comprehensive liability insurance with a minimum limit of $2,000,000.00 in full force and effect at all times for their respective districts which policies shall include the Reservoir as an insured facility. In addition, each District shall maintain an umbrella policy for comprehensive liability insuring facilities of the Reservoir in an amount not leas than $2,000,000.00. h. Each party installation, within their billing hereto shall be responsible for operation and maintenance of all meters respective service areas and for the of individual customers within such service areas. No party's obligations to pay their share of Operation and Maintenance Expenses of the facilities of the Reservoir shall be off -set or diminished by the failure of any of such customers to make payments to such party. 3.04 Use of Water Storage Capacity. It is specifically understood and agreed by the parties that each party's right to use of the water storage and transmission main capacity of the Reservoir shall be strictly limited to each party's pro -rata share set forth in Exhibit "A" attached hereto. Each party agrees that it shall not allow additional water connections to its system which would require the use of more capacity, as 3- 865.154 - 11 defined in gallons per day, within the Reservoir than has been reserved for the party in Exhibit "A" hereto. In an effort to allow each party to monitor another party's use of capacity, for purposes of determining each party's use of the Reservoir, each party agrees that its books and records regarding commitments to property owners for water capacity and actual water connections utilizing storage of the Reservoir shall be open to.ipspect by the other parties upon request during normal business hours. Each party specifically agrees to maintain current records of water use and capacity and to make a determination prior to each grant of water capacity that such grant does not exceed in the aggregate with other commitments and uses that party's pro -rata share of capacity in the Reservoir. Each party shall submit to Fern Bluff on a monthly basis a list of new commitments made for water service which would utilize the Reservoir and a total of such commitments to date. In addition, the district manager of Fern Bluff shall each month read the master water meter monitoring water flows to and from the water storage facility which monitors the amount of water used from the water storage facility by each party. In the event the Fern Bluff district engineer determines that a party has allowed water connections to its systems that exceed its pro -rata share of capacity, such party shall be obligated to deposit cash or an irrevocable letter of credit with Fern Bluff as project manager to fund engineering and construction of such additional improvements to the Reservoir at that party's sole expense to replace such capacity utilized in violation of this Agreement. This obligation to replace capacity utilized in violation of this Agreement shall not be considered as a sole remedy to other parties for any damages suffered by such other party or parties. SECTION IV 4.01 Use of Transmission Maine. It is understood and acknowledged by the parties that District No. 2 has a need for temporary use of certain water,transmission mains ( "Mains ") which 3- 885.154 - 12 are to be constructed by Milburn and dedicated to Fern Bluff and which are described in more detail on Exhibit "E ", attached hereto and incorporated herein for all purposes, which will transport water from the City utility system to the Reservoir. District No. 2 has requested and Milburn and Fern Bluff have agreed that District No. 2 shall have the right to utilize water capacity from such Mains from the time that the Reservoir is operational to such time as an alternate water feed, which shall provide service to District No. 2 in an amount adequate to provide water in an amount equal to District No. 2's pro -rata share of the Reservoir, is available for operation. Provided, however, under no circumstances shall the District be allowed to use such Mains for longer than two (2) years from the date of execution of this Agreement unless such two (2) year term is extended by mutual consent of the parties. At the end of such two (2) years if the parties have not reached an agreement to extend the term, District No. 2 shall have the option to finance and construct an alternate water transmission maiii to supply water to the Reservoir. It is clearly understood that neither Milburn nor Fern Bluff make any guarantee or representations as to when the Maine shall be available for operation and neither shall have any liability to any person or entity for any delays of operation of the Mains. District No. 2 shall pay to Fern Bluff as compensation for the uses of the Mains an amount equal to ten percent of the number of gallons of water per month used by District No. 2, as determined by the amount shown on master meter set between the Reservoir and the District No. 2'a water system, times the bulk water rate paid by District No. 2 to the City, as amended from time to time: The City shall read such master meter and bill District No. 2 for the water used by District No. 2. District No. 2 shall pay the City for water used and shall pay Fern Bluff such compensation directly for the use of the Mains. Fern Bluff shall own, operate and maintain the Mains at all times. 3- e85.154 - 13 change parties. SECTION V 5.01 Termination. Unless terminated by mutual agreement of the parties, by its terms, this Agreement shall continue in force and effect for period of forty (40) years. 5.02 Waiver of Breach. No waiver or waiver of breach of default by any party hereto of any term, covenant, 'condition or liability hereunder shall be deemed or construed to be a waiver of subsequent breaches or defaults of any kind under any circumstances. 5.03 Modifications. This Agreement shall be subject to or—modification only • with the written consent of all 5.04 Enforcement. In the event it is necessary to employ an attorney or attorneys to enforce the terms and conditions of this Agreement against any defaulting party, said defaulting party, shall pay all coats and expenses, including expert witness fees and reasonable attorney's fees incurred in connection with the enforcement of this Agreement upon final settlement, by agreement or judgment, against said party. 5.05 Exclusiveneee of Remediee. It le not intended to specify an exclusive remedy existing at law or in equity, including specific performance and mandamus, may be availed by any party and shall be cumulative. 5.06 Force Maieure. The term "Force Majeure ", as employed heroin, shall mean and refer to acts of God; strikes, lockouts, or other industrial disturbances; acts of public enemies; orders of any kind of the Government of the United States, the State of Texas or any civil or military authority; insurrections; riots; 3- 885.154 - 14 epidemic; landslides; lightning; earthquakes; fires; hurricanes; storms; floods; washouts; droughts; arrests; restraint of government and people; civil disturbances; explosions; breakage or accidents or machinery, pipelines, or canals; other causes not reasonably within the control of the party claiming such inability. If, by reason of Force Majeure, any party hereto shall be rendered wholly or partially unable 'to carry out its obligations under this Contract, then such party shall give written notice of the full particulars of such Force Majeure to the other party within then (10) days after the occurrence thereof. The obligations of the party giving such notice, to the extent affected by such Force Majeure, shall be suspending during the continuance of the inability claimed, except as hereinafter provided, but for no longer period, and any such party shall endeavor to remove or overcome such inability with all reasonable dispatch. -.It is understood and agreed that the settlement of strikes and lockouts shall be entirely within the discretion of the party having the difficulty, and that the above requirement that any Force Majeure shall be remedied with all reasonable dispatch shall not require that the settlement be unfavorable in the judgment of the party having the difficulty. 5.07 Severability. The provisions of this Agreement are severable, and if any word, phrase, clause, sentence, paragraph, section or other party of this Agreement or application thereof to any person or circumstance shall ever be held by any court of competent jurisdiction to be invalid or unconstitutional for any reason, the remainder of this Agreement o} the application thereof to other persona or circumstances shall be affected thereby. 5.08 Notice to Parties. Any notice or approval to be given hereunder by either party to the other shall be in writing and may be effective by personal delivery of by sending said notice by registered or certified mail, return receipt requested to the address set forth below. Notice shall be deemed received when • 3- 885.154 - 15 deposited with the United States Postal Service with sufficient postage affixed. Notice to the City of Round Rock shall be addressed to: City Manager City of Round Rock 211 Main Street Round Rock, Texas 78680 Notice to Williamson County M.U.D. No. 2 shall be send to: District Manager Williamson County M.U.D. No. 2 3737 Hairy Man Road Round Rock, Texas 78681 Attn: General Manager Notice to the Bill Milburn Gempeiry shall be sent to: Joseph A. DiQuinzio, Jr. The Bill Milburn Company. Inc. Post Office Box 980 -2682 Austin, Texas 78766 Notice to the Fern Bluff M.U.D. shall be sent to: Fern Bluff M.U.B. c/o Sharlene N. Collins 2600 One American Center Austin, Texas 78701 Copy to: The Bill Milburn Company. Inc. Post Office Box 9802 -682 Austin, Texas 78766 Attn: Joseph A. DiQuinzio, Jr. 5.09 Texas Law to Apply. This Contract shall be construed under and in accordance with the laws of the State of Texas. 5.10 This Agreement may be executed by the City, Milburn and District No. 2 prior to the creation of Fern Bluff and shall be binding cn those parties for a period of two (2) years, pending creation and confirmation of Fern Bluff. Upon said creation and approval and execution of this Agreement by the Board of Directors, it shall thereafter be binding on all parties in accordance with its terms:* In the event that either Fern Bluff is not created and confirmed or Fern Bluff fails to or refuses to execute this Agreement within two (2) years, Milburn shall dedicate its pro -rata share of the Reservoir to the City and the 3- 885.154 - 16 City shall have the obligation to operate and maintain the Reservoir under the terms and conditions of this Agreement. ATTE tary, Board of Direc TESTED: 1 1 C MA2e/ &'14-6 City Secretary Mayor THE STATE OF TEXAS COUNTY OF WILLIMASON 3- 865.154 - 17 WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 2 CITY OF ROUND ROCK oard of Di THE BILL MILBURN BOW AN/ INC. -�. kb rirr isreskaen Joseph A. DiQuinzio, Vice esident FERN BLUFF MUNICIPAL UTILITY DISTRICT ATTE TED: Secretary, Boa o D irectors Vice- President, rd of Directors This instrument was acknowledged before me on the ,,4 day o f (- 220 - 1 - Cm..Clit / 1985, by Cl )4'2,1d.22 ./ /C 1 ,Vice - President of the Board of Directors i of Williamson County Municipal District No. 2, on behalf of said District. Notary Public, State of Texas (Name - Typed or Pninted) My commission expires: /o? - 8(a THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me on the day of , 1985, by Mike Robinson, Mayor of the City of Round Rock, Texas. THE STATE OF TEXAS COUNTY OF WILLIAMSON 3 885.154 - 18 Notary Public, State of Texas . (Name - Typed or Printed) My commission expires: This instrument was acknowledged before me on the 7th day of January , 198¢1 by Iail- 1-4M44bytt,__p; Sill -Milburn -Company, a- Texas- ccr- poaa.t4en, -en- behalf -of airier co,p ^**tins. Joseph A. DiQuinzio, Jr., Vice President of Bill Milburn, Inc., a Texas corporation, on behalf of said corporation. Notary Public, State of Texas (Name - Typed or Printed) My commission expires: THE STATE OF TEXAS f f COUNTY OF WILLIAMSON 1 - This instrument wan acknowledged before me on the 4 day of Obi,,. , 1986, by TA., as J. Sandrid , President of the Board of Directors of Fern Bluff Municipal Utility District, on behalf of said District. Nota ` A.(, 9)i! !ice cM SHERI GREEN Lon, Notary Public, State of Texas NotneWAo STATE Ur TEXAS Sheri (gees L n!yId MyComm.Ewp.02.14 -"Name - Typed or Printed) My commission expires: 01'/(1-90 1S8.arr "A" FFRN SANT HATER SIB TANK PROPATIQ7 1 PRORATED }irr.LTAM.q (UT7r'v mu i2 Exhiszyrurzymum 7nTrKmal oasis 3a23=1 Brushy Creek South Fast Side of Greet Oaks Blvd. 2,469 L.O.E.'s $340,768.08 28.44 South Side of RR 620 1,AU L.U.E.'s 142.346.16 11Jf Subtotal 3,500 L.U.E.'s $483,114.24 40.32 v nns. 31113 na Fern Bluff 2,970 L.O.E.'a 8410,024.04 34.22 Bound Rock L210. L.D.E.'s zy3.061.71 15.45. . Subtotal 5,180 L.D.E.'s 715,085.76 59.68 TO37L TANS (1,500,000 gallons) 8,680* L.O.E.'s 1,198,200.00 100.00 * Capacity figures 8 54 9a1 ./ t 3.2 cep/L.D.E. MINCE DESCRIPTION This project vista of crnstr ucting a 1.5 million gallon bydropillar type elevated storage tank with !armistice and associated appurtenances. The Contract to be awarded to a single contractor will also inchgie all of the accessory work such as yard piping, vault braes, cetera, valves, electrical controls, chlorination ecluit, chlorination building, paving, ante work and painting to caapletely install and place into operation this Facility as shwa on the Plans. .; . , / Z / . � � �`���: ■ a � I I �, .._ .f=P r.. i �aswrrm="=a L • oasraw+s/ i . EXHIBIT'V' ve..— / ®!Lt lila i DA1i.is i QML�Iis .1 4V i1!.�/.i. EXHIBIT "C" IRREVOCABLE LETTER OF CREDIT N0. DATE: TO: The Bill Milburn Company •( "Payee ") Gentlemen: We hereby issue this Irrevocable Letter of Credit in your favor and authorize you to draw at sight on ourselves for the account of - for any sum or sums not exceeding in the aggregate $ We do hereby agree with drawers, endorsers and bona fide holders of drafts negotiated under and in compliance with the terms of this Letter of Credit that the same shall be duly honored upon presentation and delivery thereof, if negotiated or presented on or before January 31, 1987, but not thereafter, provided the presentation and delivery thereof is accompanied by the affidavit of an authorized officer of The Bill Milburn Company stating that such letter is being called pursuant to the terms and provisions of that one certain AGREEMENT REGARDING RESERVOIR CONSTRUCTION AND OPERATION. We specifically waive all rights, if any, including but not limited to Section 5 - 12 of the Uniform Commercial code to defer or delay honor or payment of any sight draft. This credit is governed by the Uniform Commercial Code in force in the State of Texas on the date hereof and is subject to the Uniform Customs and Practices for Documentary Credits (1974 Revision), International Chamber of Commerce Publication No. 290. ATTESTS A: 3- 885.185 BY: I EXHIBIT "D" ESCROW AGREEMENT FOR PAYMENT TO BILL MILBURN, INC. OF DISTRICT'S SHARE OF CONSTRUCTION COSTS FOR 1.5 MILLION GALLON ELEVATED STORAGE TANK THE STATE OF TEXAS COUNTY OF WILLIAMSON This Escrow Agreement is made , 1985, between Williamson County Municipal Utility District No. 2 (hereinafter referred to as "District "); Bill Milburn, Inc. (hereinafter referred to as "Milburn "); and Frontier National Bank (hereinafter referred to as "Escrow Agent "): WITNESSETH WHEREAS, the District and Milburn require water storage capacity to serve a portion of District's service area and Milburn's - Fern Bluff development, and Milburn has made a commitment to construct water storage capacity for the City of Round Rock; and WHEREAS, the District, Milburn, and the City of Round Rock have entered into an agreement for the construction of a 1.5 million gallon elevated storage tank, with associated appurtenances and fixtures (the "Project "), a copy of which agreement is attached hereto as Exhibit "A" hereof, and it is agreed that Milburn will be the construction manager for the Project; and WHEREAS, the District is responsible for paying Milburn a portion of the construction costs, including engineering and other construction- related costs as provided by the agreement for the Project; and WHEREAS, District and Milburn desire to establish a practical means for assuring the timely payment to Milburn by District of the District's share of the construction costs. AGREEMENT For and in consideration of the mutual promises, covenants, obligations, and benefits of this Agreement, District, Milburn, and Escrow Agent agree as follows: 1. After execution of the Agreement Regarding1Reservoir Construction and Operation ( "Reservoir Agreement ") and within five (5) days following written notice from Milburn to the District, the District shall deposit with the Escrow Agent an amount equal to $483,114.24 to be held by the Escrow Agent in a separate account for use in accordance with this Escrow Agreement. This Escrow Deposit shall be secured in the manner required for security of funds of the District. All earnings from interest on or investment of the funds shall accrue to this • account. 2. District and Milburn understand and agree that additional deposits may be required in the event construction coats are greater than presently estimated pursuant to the terms and conditions of the Reservoir Agreement. 3. The Escrow Agent shall pay the District's share of all construction costs attributable to the Project from the escrow account as and when the same become due and payable upon presentation of an affidavit by an authorised representative of Milburn that such funds are being drawn pursuant to the terms of the Reservoir Agreement. 4. It is understood and agreed that Milburn; pursuant to the terms of the Reservoir Agreement, shall first submit an invoice for payment by the District and if payment is not received by the 10th of the month, Milburn may draw from the Escrow Account. 3- 1185.202 -2 (11/25/85) 5. The Escrow Agent shall be liable as a depository only and shall not be responsible for the sufficiency or accuracy of the form, execution, or validity of documents deposited hereunder, or any description of property or other thing therein, nor shall it be liable in any respect on account of the identity, authority, or rights of the persons executing or delivering or purporting to execute or deliver any such document or piper. 6. The Escrow Agent shall not be liable for collection items; nor shall it be liable for the default in payment of any installment, nor the outlawing of any rights under the Statute of Limitations in respect to any documents deposited. It may rely upon any paper, document or other writing believed by it to be authentic in making any delivery herewith. 7. in accepting any funds, securities or documents delivered hereunder it is agreed and understood" between the parties hereto that the Escrow Agent will not be called upon to construe any contract or instrument deposited herewith. 8. It is further agreed that the Escrow Agent at the completion of the Project, as evidenced by completion certificates, or two years from date, whichever first occurs, shall consider this Escrow Agreement of no further force and effect, and shall deliver the unreleased funds and documents or instruments hereby deposited by the District to District, and that redelivery of such documents, moneys or instruments shall relieve the said Escrow Agent from any further liability with reference thereto. This provision however, may at any time be waived by the Escrow Agent, and an extension of the term of this Escrow Agreement may be entered into at any time by the mutual consent of the parties hereto, reduced to writing and delivered to and accepted by the said Escrow Agent. 9. It is further understood and agreed between the parties that these instruments supersede any other contract or 3 1185.202 -3 (11/25/05) agreement with reference to this Escrow Deposit, in so far as said Escrow Agent only is concerned, and that the Escrow Agent may rely absolutely hereon to the exclusion of any and all other agreements between the parties hereto. DISTRICT: Williamson County Municipal Utility District No. 2 3737 Hairy Man Road Round Rock, Texas 78664 By: MILBURN: Bill Milburn, Inc. 11911 Burnet Road Austin, Texas 78758 By: Judy Scholl, president ESCROW AGENT: Frontier National Bank Post Office Box 38 Round Rock, Texas 78680 -0038 By: 3- 1185.202 -4 (11/25/85) WILLIAYSON CO. Y.U.D. 1.2 FERN BLUFF Y.U.D. PROPOSED 1a DI. CL. 50 %INTERLINE -J PROPGD 1.5 11111. GAL ELEVATED TATCA PROPOSED 12 P.V.C. CL. S00 WATERLINE PASaosfD $ D L CL. B0 WAT TUNE UND ROC% COl1YU:71TY HOSPITAL • EXHIBIT E ••■• STATE OF TEXAS COUNTY OF WILLIAMSON This Addendum is made and entered into to be effective on the 14th day of September, 1987 to amend that one certain West Round Rock Water System Improvements Agreement, by and between the City of Round Rock, Texas ( "City "), Milburn Investments, Inc., Hy -land Joint Venture, Hy -land North Joint Venture, E. C. Joint Venture No. 1, L & N Land Corp. and Reata Management, and is as follows: I. All references to either Tom E. Nelson Jr., Trustee and Mayfield Ranch Venture are deleted from the Agreement and all parties hereby agree that the Agreement is valid and binding notwithstanding the fact that the above named parties have not executed the Agreement. II. Exhibit "G" to the Agreement is amended and replaced by the version which is attached hereto and incorporated herein. III. This addendum is being executed in separate counterparts and will be effective upon each of the undersigned executing a copy hereof, without the necessity of each party executing a single document. ATTEST: � Oa,4 LtJ Jft / Jo(.nne Land, City Secretary C15ADDENDUM Addendum To West Round Rock Water System Improvements Agreement CITY OF ROUND ROCK By: PARTICIPANTS: Mike Robinson, Mayor 1. MILBURN INVESTMENTS, INC. A (date) By: Bill Milburn, Presidnet (date) 2. HY -LAND JOINT VENTURE By: Robert A. Fritsch (date) Agent and Attorney -in -fact HY -LAND NORTH JOINT VENTURE By: Robert A. Fritsch (date) Agent and Attorney -in -fact 3. E. C. JOINT VENTURE NO. 1, a Texas joint venture By: Robert Walter Cozean 1986 Trust, joint venturer By: Robert T. Cozean, Trustee (date) By: Harriet Ann Cozean 1986 Trust, joint venturer By: Robert T. Cozean, Trustee (date) By: Tiffanie Cozean 1986 Trust, joint venturer By: Robert T. Cozean, Trustee (date) By: Mary Lou Cozean 1986 Trust, joint venturer By: Robert. Cozean, Trustee (date) By: Debra Sale Trust, joint venturer By: Ed Wendler, Jr., Trustee (date) 2. 4. L & N LAND CORP. Bruce French, Vice - President (date) PROJEC - MANAGER RE' TA By James Ji-isfop 3. (/date) 1 DWELT: 11110 RON MATER 1RROVENENTS OESCRIPTION: EAST ROUE 66T100TED 832: P.B.6. 106 WHEW 352- 122.82 *69. t 22-Sep - a7 FILE: P6:E10TTR1 1114E 04040)00067 r.$ I7Y AW1211. O4(1 T6 DESCRIPTION WFW L.F. 0011 5187070. 2. 42' WATER LIRE A 30,463 5,911 $89.00 1526,079.00 105. 36' INTER LIRE B 13,986 5,200 100.22 1458,744.00 106. 36' TATER LIRE B 13,986 5,001 180.22 1441,180.22 107. 24' INTER LINE 1,930 3,000 160.00 1180,000.00 100. 24' MATER LITE 1,930 1,027 160.00 161,620.00 113. 24' WATER LINE 1,930 1,310 160.00 178,000.00 109. 30' INTER LIME B 11,85 2,015 $79.94 4161,079.10 110. 30' INTER LITE B 11,390 4,315 179.94 1344,941.10 111. 30' MATER LINE B 11,009 4,516 179.94 0361,009.04 112. 30' WATER LITE C 10,384 2,053 111684 1239,672.5' 121. 30' INTER 11000 C 9,871 2,595 $92.30 1239,518.50 75. 24' LATER LIIE 7,413 2,500 160.00 6150,000.00 72. 16' 407E8 LITE A 6,900 566 131.00 117,546.00 117. 16' 00168 LITE 3,647 1,400 140.03 156,000.00 74. 16' INTER LINE 3,476 800 140.00 132,000.00 119. 16' WTER LITE 171 2,600 $40.00 1104,000.00 118. 16' LATER LITE A 3,062 1,433 149.00 470,217.00 120. 16' LATER LITE 0 3,082 1,514 149.00 674,18600 77. 16• MITER 111E C 2,458 1,828 61.70 4110.489.60 101. 16' MATER LITE A 2,116 1,802 $3600 $64,872.00 96. 16' LATER 1.1E A 2,116 905 4330.00 434,390.00 71. 12' MATER LINE A 342 3,304 ►30.00 $99,120.00 76 16' LATER LITE C 626 4,065 147.83 1194,428.95 122. 12' TITER LINE 513 4,700 430.00 1141,000.00 501. 24' WIER LITE 2,976 2,500 160.00 1150,000.00 1.0 66 NORTH ST.P. L8. 1250,000.00 1.5 1G F.0.111114 A L6 11,162,681.00 667O16Lf5110A11N 11611CT1O1 ONTRACT COST 65,809,182.03 E761T6E866 FEES (1001 6580,918.20 CITY 0MPFC71O1 FEE 1261 0 175,197.82 O101 FEE 01001 D $375,989.10 P0OJEC1 T11N6TEN7 FEE (3%1 0 1112,79673 LETAL FEES 1112,0001 112,000.00 0810TAL 68,966,003.89 RDJUSPOITS Lire NA. 2 constriction cost of 626,079.00 • 105 engineering 6410 00/*o*00 Rock 9/14/87 agreement Line lb. 96 constriction 0266 of 134 ,390.00 • 102 engineering NYLAND 2.9.- WOAD K 3.0. ILE EC .19. N0.1 49p4) P808ATA % 1 COST 6,250 6,250 6,250 0 0 0 6,050 5,593 5,204 5,204 5,� 2,293 2,293 0 2,91 2,91 1,046 1,046 3,500 20.21 44.690 44.606 0.006 0.00% 0.00% 51.03% 49.070 47.27% 50.12% 52.726 70.20% 75. 42% 62.87% 65.970 0.00% 94.45% 94.450 0.001 0.000 0.00% 0.00% 0.00% 0.00% 35.15% 35.156 40.36 0107,935.63 1205,012.69 6197,167.02 10.00 6.00 6.00 102,196.66 1169,262.60 1170,648.97 1120,213.5 8126,274.15 1105,300.00 413,233.19 135,207.20 $21,110.40 6.00 1660.319.96 170,068.68 10.00 $0.00 10.00 6.00 6.00 $0.03 1`3,725.00 187,875.00 $468,873.62 $2,099,42632 $209,942.63 127,459.91 1137,299.53 $41,189.86 14,000.00 12,519,318.25 137,829.00 • 6101BIT 6 FERN BUFF USE MIN 166W 0020018 1 BROWN COST 3,064 10.061 852,913.03 3,064 21.910 1100,510.81 3,064 21.916 196,664.34 O 0.006 $0.00 O 0.000 $0.00 O 0.00% 6.00 3,064 25.850 $41,638.95 3,064 26.080 12,720.17 3,064 27.830 1100,468.82 3,064 29.510 870,778.94 2,51 25.84% $61,591.50 2,209 29.800 644,700.00 1,696 24.509 11,312.81 1,354 37.13% 620, 72.80 1,183 34.03% 110,889.60 171 100.001 0104,000.00 171 5.5% 13,697.04 171 5.55% $4,117.32 342 13.91% 016,203.70 0 0.001 $0.00 O 0.00% 10.00 342 100.030 199,120.00 O 0.00% 6.00 513 100.000 1141,000.00 O 0.00% 6.00 O 0.001 10.00 3,064 35.30% $410,496.99 11,477,116.90 1147,711.69 118,045.19 $90,225.97 127,067.79 14,000.00 11, 764,157.5 1876,905.16 • 0 BOLO ROOT 006 1O/E612E1 Weil DROWN % WARM COST 19,749 64.831 1341,051.75 3,272 23.396 1107,300.22 3,272 23.396 1103,193.2 530 27.466 049,420.00 530 27.460 116,920.85 530 27.46 21,418.80 2,741 23.126 137,241.49 2,741 24.05% 102,958.33 2,741 24.90% 189,891.25 2,1 20.380 /5,1352. 77 • 0.001 6.00 0.006 $0.00 0.00% 10.00 0.00% 6.00 0.006 1000 0.000 $0.00 0.000 6.00 2,11 86.091 0100,285.90 • 0,11 (00.006 164,872.00 1 0.11 100.000 134,390.00 •1 0.0.1 $0.00 0 626 100.000 1494,42095 • 0.006 10.00 530 17.81% 126,715.00 530 17.81% 144,4500 2,116 24.380 1283,510.39 • 61, 696, 364.65 0169,836.47 119,490.81 697,454.05 129, 23622 6.00 12,014,382.19 (1575,686.901 16876,905.161.14 (137,029.001•• 10.140160 70TN. 2,5 7,147.25 62,641,072.71 6520,961.13 P6 01617610' PRO RATA 5469E 0' 008006116 R8100 ROCK 0.5612E 067 IF - 0687ICIWWT- -166(9961- -0ROATA0 -- 14. 2.0. et. 11. 6,250 58.331 FFJ01 BUFF 3,064 2660% L 1 N 1,400 13.070 1520,961.13 4303,87663 $0.00 $0.00 10,714 100.000 70181 ROFN 028(00680076) 9496 1303 ,87663 1146,994.88 TOTAL 607113190 PPRTICIPIWT COST 18W. T07AL • RA 00005/06 WW1 12,061,13.01 $2,790,067.59 INTEL, 00 FEIN BUFF 1305 1000 LP TO 671,000 8116 100 016186600116 RE: 66660E67 660005(0 170 COIBi1CTTO1 O TITER 0001611 1117100 10600, EXECUTED 9/14/81. 08-LAND PAYS 1001. ••• OF 7019 OGINT FERN BUFF'S 00110411 PARTICIPATION 15 1736100.00 WITH 1138,805.16 BALMS 70 BE PEIKE RSFD 1000 B te Y RODE R. IEt 01062]201 02&90/16 TIE b0 80011O0 CF (*0100 115108 10008E0005, 00011800 9/14/87. A - DEPUTES P001E6T C(1FLETE AS OF 9 /21/87 8 - 0010760 PROJECT 010 8/26/87 C - DENOTES PROJECT BID 7/2/87 0 - 0EN076 NO F0T5 0I DI LETED PROJECTS 10.00 11303,876631 6148,994.88 14146,994.881 6.00 068,089.621 11520,961.131 16.001 1 156 LARD CORP. (98 PRORATA % PROMTA COST 1,400 1,400 1,400 1,403 1,400 1,400 1,400 1,400 0 4.60% 124,178.59 10.010 045,20.27 10.01% 144,162.94 72.540 1130,572.00 72.54% 644,699.15 72.54% $56,581.20 0.00% 6.00 0.000 10.00 0.00% 6.00 0.006 $0.00 0.00% 6.00 0.000 $0.00 0.000 10.00 0.00% 10.00 0.006 10.00 0.00% 6.00 0.00% 10.00 0.000 $0.00 0.00% 6.00 0.000 $0.00 0.006 $0.00 0.000 10.00 0.001 10.00 0.00% $0.00 47.04% 670,560.00 47.04% $117,600.00 0.00% 10.00 1534,274.15 153,427.42 010,201.91 $51,009.56 115,64 87 14,000.00 1610,215.90 $666,215.90 $0.00 6.00 16$089.62 168,099.62 1736,305.52 LETTER OF AGREEMENT This Letter of Agreement is being entered into by and between FERN BLUFF MUNICIPAL UTILITY DISTRICT, (the "District "), a political subdivision of the State of Texas created and operating pursuant to Chapter 54 of Texas Water Code and the CITY OF ROUND ROCK, ( "Round Rock ") a home rule city located in Williamson County, Texas, to set forth the agreement between the District and the City regarding operations and maintenance expenses for that certain 1,500,000 gallon elevated reservoir, ( "Reservoir ") located within the District and financed and constructed pursuant to "Agreement Regarding Reservoir Construction and Operation" ( "Reservoir Agreement ") executed by the City, the District and Williamson County Municipal Utility District No. 2 and attached hereto as Exhibit "A" and incorporated herein for all purposes. The parties agree as follows: 1. It is understood and acknowledged by the City and the District that the Reservoir Agreement sets forth that Williamson County M.U.D. No. 2 agreed to pay for its pro -rata share of operation and maintenance expenses, as defined in the Reservoir Agreement, in an amount equal to its 40.32 percentage share of ownership of the Reservoir. It is further understood and acknowledged that the Reservoir Agreement did not explicitly provide for payment of any portion of operations and maintenance expenses of the Reservoir by the City. 2. The City and the District now desire to set forth their agreement as to the sharing between them of the remaining 59.68% share of operations and maintenance expenses. The parties agree that of the entire operation and maintenance expenses, the parties shall pay as follows: Williamson County M.U.D. No. 2 - 40.32% Fern Bluff M.U.D. - 34.22% City of Round Rock - 25.46% 3. The City and the District agree that the City will pay to the District the City's pro -rata share of operation and maintenance expenses as such expenses are defined and set forth in the Reservoir Agreement. Provided, however, it is understood and agreed that the District shall invoice the City for its share of such expenses for each prior month in which expenses were incurred and payment for such expenses shall be payable by the City to the District within thirty (30) days of the invoice. 4. The parties agree that this Agreement is supplemental to the Reservoir Agreement and not in lieu thereof. EXECUTED this the 6b day of //" /I1L, 1989. ATTEST: Secretary, Board of Directors 489 -69.3 CITY OF D 0 By: yy� "" '' //��,, Its: / /w s� l.} FERN BLUFF MUNICIPAL UTILITY DISTRICT By: Its: DATE: May 23, 1989 SUBJECT: Council Agenda, May 25, 1989 ITEM: 13H. Consider a resolution authorizing the Mayor to sign an agreement with Fern Bluff regard- ing the operations and maintenance of a 1.5 million gallon water storage tank. STAFF RESOURCE PERSON: Jim Nuse STAFF RECOMMENDATION: To authorize the Mayor to sign this agreement. ECONOMIC IMPACT: The initial contract was vague in the requirement for the City to cost share in the operation and maintenance costs for the 1.5 million gallon Fern Bluff water storage facility. This letter clarifies our responsibility to pay our proportional costs. WEST ROUND ROCK WATER SYSTEM IMPROVEMENTS AGREEMENT STATE OF TEXAS COUNTY OF WILLIAMSON TH S AGREEMENT is made and entered into on this 1 day of Y?_OYYI Qn , 1987, by and between the City of Round Rock, exas, ( "City "); Milburn Investments, Inc., Hy -land Joint Venture, Hy -land North Joint Venture, E.C. Joint Venture No. 1, L & N Land Corp., and Tom E. Nelson, Jr., Trustee No. 1 and Mayfield Ranch Venture, ( "Participants "); and Reata Management, a sole proprietorship, ( "Project Manager "). WHEREAS, Participants own or have within their boundaries approximately 4,700 acres of land contained in an area generally west of the City's limits, said area being designated as the "Study Area" in Exhibit "A" attached hereto, and WHEREAS, the Study Area does not presently have access to a sufficient municipal water service, and WHEREAS, a study Kallman & Gray, Inc. Area to have access consisting of several must be constructed, (" Recitals performed by the engineering firm of Haynie, has determined that in order for the Study to City's water system, certain improvements water lines and one or more elevated tanks Improvements "), and WHEREAS, the City requires that the Improvements be oversized beyond the actual needs of the Participants in order to provide capacity for future development in the Study Area, WHEREAS, Haynie, Kallman & Gray, Inc. estimate that the total cost of constructing said Improvements, including an amount for contingencies, engineering, inspection, management, and legal fees is $7,073,982.00, all as set forth in Exhibit "G ", attached hereto, and WHEREAS, the City does not have current funds available for the construction of said Improvements, and WHEREAS, in order to construct the needed Improvements on a timely basis, as well as to take advantage of the economic benefits to be derived from sharing the construction costs, Participants wish to jointly finance the construction of the Improvements, and to contract with Riata Management, to administer the construction of the Improvements, Now Therefore, It is Agreed That: I. 1.01. Participants own or have within their boundaries the number of acres of land within the Study Area as indicated below: 2. Hy -land Joint Venture Hy -land North Joint Venture E.C. Joint Venture No. 1 1. Milburn Investments, Inc. NAME NUMBER OF ACRES 3. L & N Land Corp. 4. Tom E. Nelson, Jr., Trustee No. 1 Mayfield Ranch Venture WTRAG 3 -10 -87 690.406 2,209.540 316.018 497.12 981.29 EXHIBIT "B" MORE PARTICULARLY DESCRIBED IN EXHIBIT 11011 "Cu "D" 11E11 "E -1" advisable. In the event of transfer of title to any respective tract, or any portion thereof, the City, unless notified as set forth hereinafter, shall deem that a pro rata number of LUEs are transferred with the conveyed property in accordance with the ratio between the area of the conveyed property to the total area of the property of the Participant owning such property at the inception of this Agreement. Provided, however, any Participant may designate in writing to the City the amount of LUEs transferred with the conveyance of any tract or portion thereof; such written designations to also be signed by the transferee. 2.05. Participants shall not be permitted to transfer or assign their right to LUEs of line capacity except as follows: 1. To any purchaser of their respective tracts, or any portion thereof; 2. To any other Participant; or 3. Subject to City Council approval, which shall not be unreasonably withheld, to any property not described in the Exhibits hereto, provided such property shall be (i) adjacent and abutting to property described in the Exhibits hereto, and (ii) owned by a Participant who now owns property described in the Exhibits "B" through "E -1" hereto. 2.06. All Participants other than Milburn Investments, Inc. shall be permitted to transfer or assign their right to LUE's of line capacity to a municipal utility district or a water supply corporation created with authority over their property within the Study Area owned by each of them. 2.07. Oversize capacity is required by the City to be built in the project which shall be allocated to the City in accordance with Exhibit "G" to be utilized as the City shall determine in its sole discretion. 3.01. Project Manager, upon the execution of this Agreement by all of the Participants, and in consideration of payment to Project Manager of a management fee of three percent (3 %) of the Revised Cost (as hereinafter defined) of the Improvements not already constructed, shall in its name, but on behalf of City, and the Participants: (a) engage the services of Haynie, Kallman & Gray, Inc. to complete the plans and specifications of the Improvements, (b) obtain the acceptance of the City of such plans and specifications, (c) solicit bids and award any contracts for construction of the Improvements in compliance with the requirements of state law governing cities and where more restrictive, in compliance with the requirements of the Texas Water Code and the rules and regulations of the Texas Water Commission relating to water districts, and other applicable regulations for the construction of the Improvements, (d) enter into a contract (which shall include a payment and performance bond for the full amount of the contract) with the successful bidder or bidders, for the construction of the Improvements, 3 . 2.01. The capacity of the water system Improvements to be constructed shall be measured in terms of Living Unit Equivalents ( LUE's). For the purpose of this agreement an LUE is deemed to consume 480 gallons per day of water. Participants require for their respective tracts of land and the City agrees to provide the number of LUE's in the Improvements as indicated below: NAME 1. Milburn Investments, Inc. 2. Hy -land Joint Venture Hy -land North Joint Venture E.C. Joint Venture No. 1 TYPE OF RESIDENTIAL UNIT Single Family Detached II. 2. LUE's 3,064 6,250 3. L & N Land Corp. 1,400 4. Tom E. Nelson, Jr., Trustee No. 1 2,066 Mayfield Ranch Venture 3,534 The number of LUE's in each segment of the Improvements shall be allocated to each Participant and City in accordance with Exhibit IGu 2.02. The number of LUE's for residential uses shall be determined as follows: NUMBER OF LUE's 1 .0 Duplex 0.9 per unit Tri -plex, four -plex and multi - family 0.7 per unit 2.03. For commercial uses which distinctly comply with one of the following development types, the LUE's of service shall be as follows: TYPE OF COMMERCIAL UNIT NUMBER OF LUE'S Office 1 LUE /3000 Sq.Ft. of Floor Space Office Warehouse 1 LUE /4000 Sq.Ft. of Floor Space Retail; Shopping Center 1 LUE /1660 Sq.Ft. of Floor Space Restaurant; Cafeteria 1 LUE /200 Sq.Ft. of Floor Space Hospital (Includes Cafeteria) 3 LUE /Bed Rest Home (Includes Cafeteria) 1 LUE /Bed For facilities owned and operated by Public Schools, Counties, Fire Departments serving the public, and churches, the number of LUE's shall be determined in accordance with the following formula; Building Area x 6 x Land Area in Acres = LUE's Land Area For commercial uses which do not distinctly comply with any of the preceding development types, the number of LUE's of service shall be determined pursuant to certified engineers' data furnished to and approved by the City. 2.04. Participants shall be entitled to allocate their LUEs to their respective tracts, or any portion thereof, as they deem (e) do such other acts and deeds as may be reasonably necessary or appropriate, in order to construct and administer the construction of the Improvements in accordance with the plans and specifications, and proceed with due diligence and to use its best efforts to accomplish in a timely manner all of the foregoing. 3.02. Project Manager, Participants, and City agree that any construction contract entered into for the construction of the Improvements shall include the following guarantee by the contractor to the Project Manager and City: The Contractor warrants the materials and workmanship and that the work is in conformance with the plans and specifications included in this contract for a period of one (1) year from the date of acceptance of the project. Said warranty binds the contractor to correct any work that does not conform with such plans and specifications or any defects in workmanship or materials furnished under this contract which may be discovered within the said one (1) year period. The Contractor shall at his own expense correct such defect within thirty (30) days after receiving written notice of such defect from the City of Round Rock or Engineer by repairing same to the condition called for in the contract documents and plans and specifications. Should the Contractor fail or refuse to repair such defect within the said thirty (30) day period or to provide acceptable assurances that such repair work will be completed within a reasonable time thereafter, the City may repair or cause to be repaired any such defect at the Contractor's expense. and that such guarantee after acceptance of the Improvements by the City shall be assigned to the City for its benefit and the City shall look solely to the Contractor and /or Project Manager for remedy of any defect. (f) 3.03. Within thirty (30) business days after execution of this Agreement by all parties, each of the respective Participants shall deposit either an initial letter of credit in the form of the letter of credit attached hereto as Exhibit "F ", or cash, with the Project Manager. The amount of the initial letter of credit or cash for each Participant shall be the amount set forth on Exhibit "G" beneath each Participant's name on the line marked "TOTAL ESTIMATED PARTICIPANT COST ". In the event any Participant fails to deposit its letter of credit or cash within the time prescribed above, any other Participant may by written declaration delivered to the City, Project Manager, and other Participants withdraw as a Participant without creating an Event of Default hereunder and with no further liabilities or obligations hereunder. However, upon deposit of all required letters of credit or cash, even if not timely received, the option to withdraw shall terminate, except as otherwise provided in paragraph 3.04. If the nonwithdrawing Participants do not elect to proceed, this Agreement shall terminate, and any cash and letters of credit previously deposited shall be returned to the Participants that deposited them, less any reasonable expenses theretofore incurred in furtherance of this Agreement. Upon opening of bids for construction of the Improvements and prior to the awarding of said construction contracts, the Project Manager shall notify the Participants of the amount of such bids, the Project Manager's estimate of the total cost of the Improvements based upon the bids (including costs other than construction costs, generally as summarized on Exhibit "G ", such total cost being hereinafter called the "Revised Cost "), and the amount of each Participant's share of 4. the Revised Cost. The amount of each Participant's said share of the Revised Cost shall be the sum of the following: (1) the sum of the prorated costs for each Improvement described in Exhibit "G ", which prorated costs are each the product of multiplying each Participant's prorata percentage of each Improvement times the accepted bid amount for that Improvement, (2) the sum of the prorated engineering fees, contingency, and inspection fees for each Participant determined by multiplying the appropriate percentage times the total of the Participant's prorated costs based on the improvements described in Exhibit "G ", (3) legal fees of $3,000.00 per each Participant, and (4) each Participant's prorata share of the City's oversize share calculated by multiplying each Participant's prorata percentage of the City's costs times the accepted bid of the Improvements listed as oversized on Exhibit "G ". In the event the Revised Cost is greater than the Estimated Cost, within ten (10) business days after the notice from the Project Manager, each Participant shall, except as otherwise provided in paragraph 3.04, deposit an additional (or substitute) letter of credit or cash in an amount so that such Participant's letter(s) of credit or cash so deposited is equal to such Participant's share of the Revised Cost. In the event any Participant fails to deposit the required additional (or substitute) letter of credit or cash, said Participant shall be deemed in default of this contract and shall, in addition to being subject to all remedies provided by law or equity, forfeit all letters of credit or cash previously deposited. Said funds derived from the letters of credit or cash, LUE's previously reserved to such defaulting Participant, and the obligation of the defaulting Participant to deposit additional cash or letter of credit, shall be shared prorate by all non - defaulting Participants. Prior to completion and acceptance of the Improvements by the City a final Exhibit "G" will be prepared and the cost allocation of LUEs to the participants will be finally determined. Non - construction costs shall be equitably prorated among the Participants. Where non - construction expenses are attributable to specific line segments, the costs shall be prorated among the Participants based on their share of said segment. Where non - construction expenses cannot be attributed to a specific line segment, the cost shall be prorated among the Participants based on their total share of the Improvements. 3.04. In the event that the total of the lowest and best bids is in excess of one hundred twenty percent (120 %) of the Subtotal - Estimated Construction Contract Cost as shown on Exhibit "G ", attached hereto, then any of the Participants may elect to withdraw from this Agreement by written notice to the other parties hereto, and thereby be entitled to the return of its previously deposited cash or letters of credit less any reasonable expenses theretofore incurred in furtherance of this Agreement, provided that such election to withdraw must be received by the parties hereto within five (5) business days from the date that Project Manager gives written notice to the Participants and City of the amounts of the lowest and best bids. Participants who do not withdraw may elect to proceed with this contract under the same provisions set forth above relating to proceeding in the event one or more Participants fail to make additional deposits upon Revised Cost exceeding Estimated Cost as provided for in Section 3.03 above. If the nonwithdrawing Participants do not elect to proceed, this Agreement shall terminate and any cash and letters of credit previously deposited shall be returned to the Participants that deposited them, less any reasonable expenses theretofore incurred in furtherance of this Agreement. 3.05. During construction of the Improvements, Project Manager shall draw from time to time against the letters of credit or cash deposited hereunder such amounts as are necessary to pay the cost of Improvements (costs meaning all costs and expenses incurred by Project Manager including, but not limited to, engineering, surveying, legal, accounting, and condemnation costs, and the costs 5. and expenses of construction of the Improvements) in accordance with the terms and provisions of the applicable construction contract or contracts or agreements with other parties relating to the construction of the Improvements. As each construction draw is made an additional draw of two percent (2 %) shall be paid to the City to reimburse it for its costs of inspecting the Improvements, and an additional draw of the three percent (3 %) management fee shall also be paid to Project Manager. Prior to the Project Manager's drawing against the letters of credit, the Project Manager shall notify each Participant in writing of the amount that is necessary to pay the above costs as set out in Exhibit "G ". For all such notices received by the Participants on or before the twenty -fifth (25th) day of each month, the Participants shall have until the tenth (10th) day of the following month to substitute cash in lieu of a draw against its letters of credit. Any notice received after the twenty -fifth (25th) day of each month shall be reviewed and paid in the next following billing cycle. 3.06. It is understood and agreed that Exhibit "G" was prepared on February 12, 1987, based upon estimated costs of completion of the Improvements. The parties hereto agree that once the final construction contracts for the Improvements have been executed, such Exhibit "G" shall be revised to properly reflect the actual construction costs as indicated in the construction contracts. The parties hereto agree to deposit additional or substitute letters of credit or cash if the said revision to Exhibit "G" results in construction costs being greater than the estimate of construction costs on the same basis as outlined in paragraph 3.03 above upon Revised Cost exceeding Estimated Cost, which shall be deposited within ten (10) business days after receiving written notice from Project Manager. The parties hereto further agree that Project Manager may approve change orders with the contractors in an aggregate amount not to exceed one percent (1 %) of the total amount of such construction contracts without first obtaining the consent of the Participants. Any change orders shall be added or subtracted on a pro -rata percentage basis to the amounts shown on Exhibit "G" as appropriate, and prorated among the Participants in accordance with the manner in which non - construction costs are prorated as provided in paragraph 3.03 above, and shall be payable, within ten (10) business days after receipt of written notice from Project Manager. 3.07. Upon completion of construction of the Improvements, payment of all costs of the Improvements and within thirty (30) days following acceptance by the City of Improvements, the unencumbered balances of the letters of credit or cash deposited hereunder shall be returned by Project Manager to the respective Participants. 3.08. The City hereby agrees to the following provisions: (a) The City will provide use of any and all City rights -of -way and easements that might be reasonably needed by Project Manager to construct the Improvements and perform its obligations as herein provided. If necessary in order to provide further required easements, the City shall initiate eminent domain proceedings if such public necessity is declared by the City Council. All costs of acquiring such easements shall be included as part of the cost of the Improvements. (b) So long as a Participant is not in default under this Agreement, the City agrees to design and construct certain water improvements which shall provide adequate water flow to Participants through the Improvements being constructed by Participants, such improvements to include but not necessarily limited to a transmission line from the water treatment plant south to Hwy. 1431 sized to provide at a minimum the amount of water flow which can pass through the Improvements being constructed under this Agreement. The City agrees to pursue design and construction 6. of such improvements with due diligence. It is agreed and understood that the Participants shall have no further obligation to fund any facilities other than the Improvements to connect to the City's water system and other than those facilities for which the financing and /or construction are the subject of other agreements with the City and certain Participants. However, in the event the Improvements as designed and constructed are inadequate to provide the amount of water flow contemplated hereby, the City shall have no obligation to fund any redesign or upgrade of any of the Improvements, and such redesign or upgrade shall be the responsibility of Participants. (c) Although the Participants acknowledge that this Agreement does not provide for actual water service, 'nevertheless the City does agree to use its best efforts to acquire an adequate supply of water and to construct the necessary treatment facilities, transmission lines and appurtenances to provide water in the Improvements in the amounts contemplated herein. 3.09. In the event any Participant commits an Event of Default as defined herein, City and /or any non - defaulting Participants may enforce specific performance of this Agreement against such Participant and /or seek damages and costs and attorneys fees as provided in 7.02 below. 3.10. Each of the following shall constitute an Event of Default by a Participant hereunder: (a) failure of such Participant to deposit any letter of credit or cash or to pay any sum required to be paid by such Participant under the terms and provisions of this Agreement during the time periods specified herein; or (b) the failure of a Participant to perform any of the other covenants or obligations on its part contained herein. 3.11. (a) Each Participant shall have the right to review and comment upon the plans and specifications prior to acceptance by the City and submission to prospective bidders. The Project Manager shall notify each Participant in writing that the plans and specifications are ready for their review and comment and the Participants shall have five (5) business days to review said plans and specifications and to submit comments thereon. (b) Each Participant shall have the right to review and comment upon the contract for the construction of the Improvements prior to the execution thereof by Project Manager. The Project Manager shall notify each Participant in writing that the construction contract(s) are ready for their review and comment and the Participants shall have five (5) business days to review said contract and to submit comments thereon. 3.12. Upon completion of the Improvements in accordance with the plans and specifications, Improvements shall be the property of City and shall be operated and maintained by City and the City shall administer the Improvements in accordance with this Agreement and the rights of the Participants herein, provided however, the Participants shall retain the right to and shall have an undivided interest in the capacity and use of the water transmission lines equal to their pro rata participation in said lines. 3.13. Nothwithstanding anything in this Agreement to the contrary, the parties hereto consent to the assignment and transfer by any Participant of all of its rights and obligations hereunder to a municipal utility district or a water supply corporation hereafter created over the property within the Study Area owned by them. 7. I V. 4.01. Participants understand that the actual placement of the water line will result in some tracts being crossed by a line and some tracts not having immediate access to a line. The Participants who own tracts actually crossed by the line agree to grant to the City at no cost, reasonable easements for the placement, construction, maintenance and repair of the line. While every attempt will be made to locate the required easements along property lines and other locations most convenient to Participants, it is understood this is not always possible. It is agreed that the final determination of the location for the easements will be made by the City in conjunction with Haynie, Kallman & Gray, Inc. 6.01. This Agreement shal Participants from the payment permit fee otherwise required otherwise agreed upon between City. V. 5.01. As indicated in the attached Exhibit "G", the Participants are paying the City's share of this project. The Participants are entitled to be reimbursed for their contribution plus interest as provided in Chapter 8, Section 6.J. (4), Code of Ordinances, City of Round Rock, as currently in effect. The City's obligation herein shall be satisfied by payment in accordance with the above referenced Section to the Project Manager of the City's share of the Improvements. The Project Manager shall then distribute the funds to the Participants in accordance with their agreement. 6.02. This is a water line service agreements are expressly VI. 1 not be construed to exempt of any development, service, or by ordinances of the City, unless the individual Participant and the agreement only. Water supply and /or excluded from this Agreement. VII. 7.01. This Agreement 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. 7.02. Should any litigation be commenced between the parties hereto concerning this Agreement, the party prevailing in such litigation shall be entitled in addition to such other relief as may be granted, to a reasonable sum as and for attorney's fees and costs. 7.03. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, successors and assigns. 7.04. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Aontract shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. 7.05. This Agreement is not intended to amend any written contracts previously entered into between the City and any Participants concerning the provision of water service. 8. 7.06. This Agreement shall not become effective unless executed by all parties and in the event all parties fail to execute it, any cash deposits or letters of credit shall immediately be returned by the Project Manager to the party depositing same. If all parties execute this Agreement, the effective date shall be the date signed by the City of Round Rock. 7.07. The City shall indemnify and save harmless each Participant and its agents and employees from all suits, actions, or claims of any character, type, or description brought or made for or on account of any injuries or damages received or sustained by any person or persons or property, arising out of, or occasioned by the negligent acts of City or its agents or employees, in the execution or performance of this Agreement. 7.08. This Agreement may be recorded in the Official Records of Williamson County by any party herein. AT EST: nne Land, City Secretary CITY OF ROUND ROCK 1 By: PARTICIPANTS: By: Mike Robinson, Mayor 1. MILBURN INVESTMENTS, INC. ill Milburn, President 2. HY-LAND JOINT VENTURE By: ttMt/( ajt Robert A. Fritsch Agent and Attorney -in -fact HY -LAND NORTH JOINT VENTURE By: ►cA MMttA �a�Ci►✓J Robert A. Fritsch Agent and Attorney -in -fact E. C. JOINT VENTURE NO. 1, a Texas joint venture By: Robert Walter Cozean 1986 Trust, joint venturer By: By: Harriet Ann Cozean 1986 Trust, joint venturer By: 9. 9 q147 (date) (date) (date) (date) 17 Robert . Coz ad n, Trustee (date) e.;$ _44'lz05 Robert T. Cozean, Trustee (date) State of Texas County of Williamson This instrument was 1987, by Mike Robinson as State of Texas County oft -�z -v 4. PATRICIA 1. BEARD Notary Public, We of Texas My cue4isdm Expires 3-2490 By: Tiffanie Cozean 1986 Trust, joint venturer t _ zl i Robe . Coze n, Trustee (date) By: By: Mary Lou Cozean 1986 Trust, joint venturer By: Rob By: Debra Sale Trust, joint venturer rt T. Cozean, Trustee date) 7 By: � �.�., 3 - 6 - Ed Wandler, Jr., r (date) 3. L & N LAND CORP. Bruce French, Vice - President (date) TOM E. NELSON, JR., Trustee No. 1 (date) MAYFIELD RANCH VENTURE By: PROJECT AGER Tom E. Nelson, Jr., Partner REA A MANAGEM By: A,MLIMUigAir Jam His op i/ 1 0. (date) acknowledged before me on , CX ft 11 , Mayor of the City of Round Rock. Notary Public, State of Te as Printed Name: l'lxjr0.h {3, ` -t`e-t_1 My commission expires: 5 -? This instrument was acknowledged before me on . 1987, by Bill Milburn, president of Milburn Investments, Ific. r - Notary Public, State of Texas Printed Name: My commission expires: State of Texas / J / County of (j.�CCF/C�7n7 )may L. / This instrument was acknowledged before me on :/)/(7 - / 1987, by Robert A. Fritsch, Agent and Attorney -in -fact, on behalf of Hy -land Joint Venture, a Texas joint v Notary lic, State of Texas Printed Name: ,7 / / .('/ c /()-(6 /-) My commission exp res: /f- S-. -J= =/' State of Texas County of 7) //'(/ �f�z z) This instrument was acknowledged before me on J/4'7.( -, , l " 1987, by Robert A. Fritsch, Agent and Attorney -in -fact, on behalf of Hy -land North Joint Venture, a Texas joint venture. State of Texas County of z /r/ 12 // /' - <rry/Jr 7 Notary ,7 `�' lic, State of Texas Printed � Name: /7i ` c,14 L/Lfr -fc My commission expires: /cs BEF ME, the undersigned authority, on the G" day of � yC , 1987, personally appeared Robert T. Cozean, Trustee, of Robert Walter Cozean 1986 Trust, joint venturer in E.C. Joint Venture No. 1, a Texas joint venture, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the capacity therein stated, and as the act and deed of said Trust in its capacity as a joint venturer of said joint venture. - GIVEI;I U ER MY HAND AND of �%� /f/d� x19$•7 State of Texas County of i� SEAL OF OFFICE 11. State Texas this the 7 7 4 day Notary Publ c, Printed Name: My commission expires: BE ORE M , the undersigned authority, on the �' " day of �/,r)',( , 1987, personally appeared Robert T. Cozean, Trus ee, of Harriet Ann Cozean 1986 Trust, joint venturer in E.C. Joint Venture No. 1, a Texas joint venture, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the capacity therein stated, and as the act and deed of said Trust in its capacity as a joint venturer of said joint venture. 7 GIVEN UNDER MY HAND AND SEAL OF OFFICE this th 7 - / day of iri /!/ , 1987. ��, rlot,, "t ,.._..., Notary Publi , State of Texas Printed Name: My commission expires: State of Texas County of 8EFO E , �"�E, the undersigned authority, on the yi/ day of / al l. ^ , 1987, personally appeared Robert T. Cozean, Trustee, of Tiffanie Cozean 1986 Trust, joint venturer in E.C. Joint Venture No. 1, a Texas joint venture, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the capacity therein stated, and as the act and deed of said Trust in its capacity as a joint venturer of said joint venture. 7 GIVEN UDDER MY HAND AND SEAL OF OFFICE this he /— day of }7 t , 1987. . f n 1Wr: i' County of State of Texas BEFO E 4E, the undersigned authority, on the / day of ///V .1 4/1� , 1987, personally appeared Robert T. Cozean, Trustee, of Mary Lou Cozean 1986 Trust, joint venturer in E.C. Joint Venture No. 1, a Texas joint venture, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the capacity therein stated, and as the act and deed of said Trust in its capacity as a joint venturer of said joint venture. of / G VEN UDDER MY HAND AND SEAL OF OFFICE this t ; ✓� -f? /f , 1987. BRIAN A. ,nr!: di y Publ , � cR '.• j r Notary Publ c, State of Texas Printed Name: My commission expires: Notary Publi , State of Texas Printed Name: My commission expires: State of Texas County of ie�� BEE E , the undersigned authority, on the day of , 1987, personally appeared Ed Wendler, Jr., Trustee, of De a Sale Trust, joint venturer in E.C. Joint Venture No. 1, a Texas joint venture, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the capacity therein stated, and as the act and deed of said Trust in its capacity as a joint venturer of said joint venture. GIVE$ UND,F�R MY HAND AND SEAL OF OFFICE this the � (' day of e� /( , 1987. State of Texas County of This instrument was acknowledged before me on 1987, by Bruce French, Vice President of L & N Land corporation, on behalf of said corporation 12. Notary Public, Printed Name: My commission expires: arch , Corp., a Texas Notary Public, State of Texas Printed Name: My commission expires: State of Texas County of This instrument was acknowledged before me on 1987, by Tom E. Nelson, Jr., Trustee. State of Texas County of Notary Public, State of Texas Printed Name: My commission expires: This instrument was acknowledged before me on 1987, by Tom E. Nelson, Jr., general partner, on behalf of Mayfield Ranch Venture, a Texas joint venture. Notary Public, State of Texas Printed Name: My commission expires: State of Texas County of t S d ri This instrument was acknowledged before me on , 1987, by James Hislop, sole proprietor of Reata Ma agement, on behalf of said proprietorship. 13. '27e4 Notary Pubi c, Sate f T as Printed Name: "/' e/4 'sot My commission expi s:),) � -,P,Q 11/111.. MAP 1 l anM f. xG irifltK NELSON TRACT EXHIBIT A PROPOSED WEST ROUND ROCK WATER SERVICE AREA STORAGE AND TRANSMISSION IMPROVEMENTS .■ mamma MOM PROPOSED 1.0 MO •T•XD1.IPE •C. MtFEIxE �[xD O flown 00008.1 as MArm -- • Pram, wartavea O �/ 0L 41f RLlx 4 ��r� iFRL ix[ p g n Fii g n Engineers Inc. AwiD. Texas 7/06 EXIIIBIT B CARLSON & DIPPEL SURVEYING COMPANY FIELD NOTES Page 1 of 9 BEINC ALL THAT CERTAIN TRACT OR PARCEL OF LAND OUT OF AND A PART OF 'I HE J.H. DILLARD SURVEY, ABSTRACT NO. 179, SITUATED IN WILLIAMSON COUNTY, TEXAS, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS BEING THAT CERTAIN 207 ACRE TRACT OF LAND CONVEYED IN A DEED TO FRED C. OLSON, OF RECORD IN VOLUME 320, PAGE 306 OF THE WILLIAMSON COUNTY, TEXAS DEED RECORDS, SAID TRACT BEING 145.31 ACRES OF LAND MORE FULLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at an iron pin found at the southwest corner of the herein described tract, a point in the south line of the J.H. Dillard Survey, Abstract No. 179 and the southeast corner of a tract described as 330 acres in a deed to Charles N.. Avery, recorded in Volume 362, Page 477, Williamson County, Texas Deed Records, THENCE, with the most westerly fence line of the herein described tract, the following six (6) courses and distances, numbered 1 through 6, 1. N 18 °57'45" W, 1607.13 feet to a 60d nail set in a dead 8" cedar tree stump, 2. 14 18 °55'02" W, 625.86 feet to an iron pin set at the base of an 11" post oak tree, 3. 14 18 °26'50" W, 167.30 feet to a 60d nail set in the root of an 8" elm tree, 4. N 19 °02'13" W, 675.41 feet to a 60d nail set in the root of an 8" oak tree, 5. N 19 °04'59" W, 1010.75 feet to a Hilti nail set in the fence line, 6. N 19 °01'51" W, 135.56 feet to a point in the center of the south fork of Brushy Creek for the most northwesterly corner of the herein described tract, THENCE, with the center of the creek 14 52 °44' E, 663.30 feet and 14 47 °54' E, 628.75 feet to its confluence with Brushy Creek, THENCE, with the centerline of Brushy Creek, N 85 °02' E, 615.20 feet to a point in the center of the creek and in the south line of a tract described in a deed to Perry Mayfield, recorded in Volume 511, Page 698, Williamson County, Texas Deed Records, for the northeast corner of the herein described tract, THENCE, leaving said creek, 5 08 ° 06'21" E, 118.85 feet to an iron pin found in the south line of Brushy Creek Road, Join and follow a fence line, in all 1489.10 feet to an iron pin set at a fence post, THENCE, following said fence, the following five (5) courses and distances, numbered 1 through 5, 1. S 02 °39'16" W, 206.89 feet to a 60d nail set in the base of a 24" cedar tree, 2. 5 05 °36'46" E, 322.87 feet to a 60d nail set in the base of a 24" live oak tree, 3. S 09 °59'29" E, 237.77 feet to an iron pin set at the base of a 18" pecan tree, 4. S 15 °29'24" E, 740.61 feet to an iron pin found, 5. 14 74 °38'58" E, 365.09 feet to an iron pin found in a fence line, being the west line of a tract owned by O.E. Beck, recorded in Volume 475, Page 227, Williamson County, Texas Deed Records, THENCE, following said fence, the following five (5) courses and distances, numbered 1 through 5, 1. S 15 °22'58" E, 416.21 feet to an iron pin found, 2499 CAPITAL OF TEXAS HWY., SUITE 105 • AUSTIN, TEXAS 78746 • (512) 3278290 EXHIBIT "B ", Page 1 Olson Tract Page No. 2 Surveyed By: H R /ccr Joti No. 84 -075 9/24/84 145.31 Acres 2. S 24 °53'48" W, 1100.36 feet to an iron pin found, 3. S 24 °52'08" W, 79.86 feet to an iron pin found, 4. S 24 °50'55" W, 394.34 feet to an iron pin found, 5. S 69 °48'24" W, 538.28 feet to the PLACE OF BEGINNING, containing 145.31 Acres of Land. SAVE AND EXCEPT from subject property .756 acres of land out of and a part of that certain tract or parcel of land conveyed to Fred C. Olson of record in Volume 320, Page 306, Williamson County, Texas Deed Records, said .756 acres of land being that portion of Brushy Creek Road that crosses the above described 145.31 acre tract of land, being more fully described by metes and bounds as follows: BEGINNING at a point in the east line of said Olson tract, 'from which the northeast corner of said Olson tract, bears N 08 °06'21" W, 118.85 feet for the southeast corner of the herein described tract, THENCE, with the south line of the herein described tract, the following two (2) courses and distances, numbered 1 and 2, 1. S 8S °02' W, 3.27 feet, 2. S 86 °50'26" W, 743.43 feet for the southwest corner of the herein described tract, THENCE, 14 47 °57' E, 73.27 feet for the northwest corner of the herein described tract, THENCE, with the north line of the herein described tract, 14 86 °50'26" E, 685.69 feet for the northeast corner of the herein described tract, THENCE, S 08 °06'21" E, 46.07 feet to the PLACE OF B GINNING, containing .756 Acres of Land. omas Carlson & Dip 2499 Capital of Tex:. ig Austin, Texas 78746 EXHIBIT "B ", Page 2 Page 2 of 9 Date 1-24/•5 CARLSON & DIPPLL SUM/EYING COMPANY FIELD NOTES BEING ALL THAT CERTAIN TRACT OR PARCEL OF LANG OUT OF AND A PART OF THE J.II. DILLARD SURVEY, ABSTRACT NO. 179, SITUATED IN WILLIAMSON COUNTY, TEXAS, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS BEING THAT CERTAIN 77.28 ACRE TRACT OF LAND CONVEYED IN A DEED TO MARVIN DAVID OLSON, OF RECORD IN VOLUME 599, PAGE 175 OF' THE WILLIAMSON COUNTY, TEXAS DEED RECORDS, SAID TRACT BEING 77.40 ACRES OF LAND MORE FULLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a point in the center of Brushy Creek at the northeast corner of the 77.28 acre tract and in the south line of a tract owned by Perry Mayfield of record in Volume 511, Page 698, Williamson County, Texas Deed Records, THENCE, S 17 °07'49" E, 125.44 feet to an iron pin found in the south line of Brushy Creek Road, beside a fence corner post, THENCE, following the most easterly fence line of the herein described tract, the following seven (7) courses and distances, numbered 1 through 7, 1. 5 16 °15'27" E, 263.16 feet to a 60d nail set In a 14" elm tree, 2. S 20 °22'22" E, 76.20 feet to an iron pipe found, 3. S 27 °09'06" E, 50.61 feet to a nail found in an 8" oak tree, 4. S 17 °45'46" E, 120.99 feet to an iron pin found, 5. S 19 °00'53" E, 600.20 feet to an iron pin found, 6. S 19 °17'04" E, 524.93 feet to an iron pin found, 7. S 19 °56'10" E, 47.56 feet to a 4" steel post found for a corner of the herein described tract, THENCE, with a fence line, the following four (4) courses and distances, numbered 1 through 4, 1. S 70 °04'28" W, 57.12 feet to an Iron pipe found, 2. S 70 °15' W, 532.68 feet to a nail set in a 16" post oak tree, 3. S 70 °53'23" W, 27.30 feet to an iron pipe found, 4. S 71 °15'43" W, 839.45 feet to an Iron pin found beside a fence corner post, THENCE, with a fence line, being the west line of a tract owned by O.E. Beck of record in Volume 475, Page 227, Williamson County, Texas Deed Records, the following three (3) courses and distances, numbered 1 through 3, 1. S 15 °20'19" E, 180.17 feet to an iron pin found, 2. S 15 °22'51" E, 84.93 feet to an iron pin found, 3. S 15 °23'07" E, 621.53 feet to an iron pin found for a corner of the herein described tract, THENCE, following a fence, the following six (6) courses and distances, numbered 1 through 6, 1. S 74 °38'58" W, 365.09 feet to an iron pin found for the southwest corner of the herein described tract, 2. N 15 °29'24" W, 740.61 feet to an iron pin set at the base of an 18" pecan tree, 3. N 09 °59'28" W, 237.77 feet to a 60c1 nail set in the base of 24" live oak tree, 4. N 05 °36'46" W, 322.87 feet to a 60d nail set In the base of a 24" cedar tree, 5. 11 02 °39'16" E, 206.89 feet to an iron pin set at a fence post, 2499 CAPITAL OF TEXAS HWY., SUITE 105 • AUSTIN, TEXAS 78746 • (512) 327.8290 EXHIBIT "B ", Page 3 Page 3 of 9 Olson Tract 77.40 Acres Page No. 2 6. 9 08 °06'21" W. 1370.25 feet to an iron pin found in the south line of Brushy Creek Road, in all, 1489.10 feet to a point in the center of Brushy Creek, for the northwest corner of the herein described tract, THENCE, with the center of the creek, 9 85 °02' E, 1031.70 feet and N 73°53'21" E, 368.03 feet to the PLACE OF BEGINNING, containing 77.40 Acres of Land. SAVE AND EXCEPT from subject property 1.50 acres of land out of and a part of that certain tract conveyed to Marvin David Olson of record in Volume 599, Page 175, Williamson County, Texas Deed Records, said 1.50 acres of land being that portion of Brushy Creek Road that crosses the above described 77.40 acre tract of land, more fully described by metes and bounds as follows: BEGINNING at a point in the west line of the said Olson tract from which the northwest corner of said Olson tract bears N 08 °26'01" W, 72.78 feet for the northwest corner of the herein described tract, THENCE, with the north line of the herein described tract, the following three (3) courses and distances, numbered 1 through 3, 1. N 85 °02' E, 769.72 feet to a point of curvature, 2. With a curve to the left, whose radius equals 3075.06 feet, an are distance of 598.11 feet and whose chord bears N 79 °27'40" E, 597.16 feet to a point of tangency, 3. N 73 °53'21" E, 42.27 feet for the northeast corner of the herein described tract, THENCE, S 17 °07'49" E, 46.01 feet for the southeast corner of the herein described tract, THENCE, with the south line of the herein described tract, the following three (3) courses and distances, numbered 1 through 3, 1. S 73 °53'21" W, 43.09 feet to a point of curvature, 2. With a curve to the right, whose radius equals 3121.06, an are distance of 607.05 feet and whose chord bears S 79 °27'40" W, 606.10 feet to a point of tangency, 3. S 85 767.19 feet for the southwest corner of the herein described tract, THENCE, N 08 °06'21" W, 46.07 feet to the PLACE OF BE containing 1.50 Acres of Land. t •.. ''.... � Surveyed By: 11 Ricer Job No. 84 -075 9/24/84 IIIOMAS1. Tioml�j�•'• R.P. . ./ 8 Carlson & Dippe . r g Company 2499 Capital of Texas Highway, Suite 810 Austin, Texas 78746 5 EXHIBIT "B " , Page 4 Page 4 of 9 FIELD NOTES FOR 466.402 ACRES Field notes describing n 466.402 acre tract of load in the William nugan .Survey, Abstract No. 190, in Nilltnmson County. 'Texas and hoing a port of n tract of lanr! tolled 472.156 acres of land in n deed co 11111 Hilburn. Inc. reC orded in Volume 1020 Page 2f12 of the Perri Records of Williamson County, Terns and being more particularly described by metes and bounds os follows: • N!t:I7,'),760 nt n point on the South line of County Roar! 1 174 for the Northeast corner of this tract from which point the intersection of the occupied South•`line of County Road #174 and the occupied West line of a tract of lend conveyed to Clarence l„ Souls by deed recorded in Volume 008 Page 936 of the abova'men tioned Deed Records. and the Nartlrenst corner of the above mentioned 472.156 . rre tract hears 5 75° 31' 03" F; 72.41 feet. '1117:'NCF 19' 33' 16' E 2721.90 feet to a point for an angle point. 13 :CF ., 19° 19' 09' E 1481.33 feet to n point on the occupied North hoo or 131.71 acre tract conveyed to A.N. Robinson, ,Jr. et al Volume 413 Page 626 of the said Peed Records for the S ourly'" "2 corner of this tract. iy;A;NC1f vith the occupied North line of the sole! 131.71 ncro tract for the following four (4) courses, (1) S 67 25' 44" I✓ 253.91 feet to on iron pin found. (21 S 090 51' 37" I✓ 436.37 feet to an .iron pin found. (1) S 68° 44' 48" W 332.74 feet to on iron pin found, ( S 68' 47' 09" W 407.51 feet to an iron pin found In the Nxr then,,[ corner of Lot 1 in Work 12 of Brushy Creek Section Two as recorded in Cnbi net C Slides 324 through 331 of the Plat Records of WiJlJnmson County, Texas end the occupied irrthwost corner of the said 131.71 acre tract for the most Pastel Northen.st corner of n Boundary Line Agreement, between 6.0. Beck rind C.N. Avery Jr. et nl. recorded In Volume 648 !'age 469 of the said Deed Records. (5/51i(1. with the said Boundary Line Agreement and the North lino of the said lllock 12 for the following two courses: (!) 5 (r,'I° 27' 58" I✓ 1903.9A feet to nn iron pin found. (2) !: 6e' 43' 12' 1✓ 1169.80 feet to an iron pin found In no nele point of the North line of Lot 29 in the said Mock /2 for the Southwest corner of the said 472.156 acre tract and the Southwest corner of this tract. TNFNCE 1: ir'° 00' 00' W with the said Boundary Line Agreement, the rant line of the said Brushy Creek Section Two, the Eest line of The hillside at Drushy Creek ns recorded in Cabinet 8 Slides 305 and 306 or the said P1nt Records, and the East line of Oroshy Creek 5eetinn !inn, as recorder! in Volume 12 Pages 44 through 49 or the said flat. Records, 4256.29 feet to an iron pin found In the intersection of the East line of Greet Oaks 'Drive and the South line of County Nonrl /174, for the Northen.st corner or the sold Ilrnxhy Crook .5ectj Ono. EXHIBIT "B", Page 5 Page 5 of 9 2 f irEvCI: A' 10° Bn' 00' W at 40.00 feet puss and iron pin found in the intersection of the sold Boundary Line Agreement and the North line of County Rood 1176 nod continue for n total of 189.00 feet to an 'inn pin found nn the npproximate centerline of Brushy Greek. In t.1,,' North end of the snit) Boundary Line Agreemerrt end the most Westerly Northwest corner of the said 472.156 acre tract. TONVCE with the East line of Lot 7 in Block 6 of Great Onks Section TI a recorder! in Volume 10 Pngos 31 through 34 of the said Plat records for the following two (2) courses: (1) S 55 22' 20" E 42.32 feet to an iron pin found. ' (7) 9 01 17' 46" lS 95.70 to an iron pin found in the Southwest corner of a 2.19 ncre tract of land conveyed to the Williamson Cenntr Nunicipol Utility District No. 2 in Volume 738 Pope 555 of rho said Deed Records for the most Northerly Northwest corner of the said 472.156 acre tract and the Northwest corner or this tract. THENCE N 76 00' 46" !i 301.75 feet to an iron pin found in the , corner of of the solid 2.19 acre tract and the Southwest coroer of n 5.34 ncre trust of land conveyed to Paul Gifforr! by 4.vd recorded in Volume 633 Page 270 of the said Deed Records. THENCE A' 76 24' 52" li with the South lime of the said 5.34 ncre troy 157.70 feet to no iron pin set for an angle point.. 1'B N 79° !n' 32' I? 85.85 feet to an iron pin set for an angle p. i n t . THENCE h' 25 00' 03" E 65.20 feet to an iron pin found in the ,,nothea<t corner .s of the said 5.36 o cre trot[ rind the Southwest ooro or .15 acre tract conveyed to Paul Gifford in Volume 672 , . , ;:1 of I. he sold Bared records. fh!(,V!,f-, m' 84 58' 54" E with the occupied South line of the said 4.15 ncre true, 79.07 feet to en iron pin set for an angle point. 1'16NCI: A' 77 17' 32" E 57.68 feet to en Iron pin ,set for an angle ooint . THENCE V 72' 05' 111' !', 140.71 feet to no Iron pin round in the .rnrhoast corner ,s or the said 4.15 acre tract- nnd the Southwest corn , of o 5.30 ncre trot[ conveyed to Norio OLJedn by deed fr'corder In Volume 645 Palle 7 22 of the said heed Records, 171I:NCF: "1 73' 17' 53" h with the South like or the said 5.311 ncre :roc: /66.08 !cot to an iron pin found. 13 ,c 65' 14' 53" 1: 104.90 feet to an iron pin founr! . , the Wes: lino of '!'onknwn V1110pa as recorded 1n Gablent. C ,511de 119 of rh,. said plat /:'acorns for the Southeast corner of the seta 5.311 .ncre tract. 1111:,:r 1 27' 51' E 96.77 feet to n point on the appru.rimnte centerline or /'rush, Creek snid point being .tire .Southwest corner or I.ho r irf 'fnnkow;r Vi lingo. EXHIBIT "B ", Page 6 Page 6 of 9 (HENCE ,! the nppro.ximnte centerline or Oroshy Creek nod the South line of the sold Tonkown Vllinge for the following eight (8) (1) 7! 02° lo' 45" E 179.76 feet to nn angle point. (2) ,'J 48° 24' 45' f 224.57 feet to nn eagle point. (7) n 44° 27' 50' li 350.80 feet to en angle point. ( '4' 4 " 32' 40' 7! 168.36 feet to no angle point. (5) 7: 4 1 ° 42' 47" (1 342.07 feet to on angle point. (6) „ 67° 28' 45" E 237.75 feet to nn angle point. (7) ,v 64° 45' 44' 1i 264,69 feet to nn angle point. ( +1) 6' 74° 94' 44' E 218.93 feet to a point or the West .Line of 20.46 acre tract of laird conveyed to fenr Creels Joint Veutnre Iry deed recorded in Volume 950 Pnge 185 of the sold need Records. 1'1)7.5( with the rcmnins of nn aid fence on the lI'e.st line of the :.yid 27,46 ncrr tract Cur the following three (3) courses: (I) '. 07 14' 11" Ir 132.83 feet to an iron pin fnnnd. (2) S 12' 54' 111' E 51.47 feet: to nn iron pin fn,urd. (.7) 06' 30' 32' E 127.58 fent to an iron pin fount uo the North line of County Road /174 for the Southwest corner of the ;.aid 2)1,46 ocro trnct. THENCE S 06° 30' 32" R 44,16 feet to nn iron pin found on the ore upied South line of County Rood 1174 for no angle point of this tr'nrt. THENCE with the occupied South line of County Rend 7177, fnllnwr „ nine. (9) courses: (1) N 66° 7:1' 39' E 55.85 feet to en iron pin found. (2) N 611° .34' 03' li 108.17 feet to nn iron pin found. (3) N 70° 01' 47' E 303.24 feet to an iron pin found. (4) N 73 06' 48' E 163.02 feet to on iron pin found. (5) N 75° 07' 50' E 245.01 feet to en iron pin found. (0) N 85 43' 14" E 112.87 feet to an iron pin found. (7) t 871 26' 12' E 176.31 feet to an iron pio found. (9) S .6 37' 49' E 246.95 feet to an iron pin found. (9) S 75' 71'.03' li 53.53 feet to the POINT OP BEGINNING containing. 466.402 ncros or land more or less. 1. Timothy E. Rnyolo, A 117107STL•RED PUBLIC SURVEYOR. do hereby certify that these field notes nccurstely represent the results of on - the- ,'ro,,nd ,survey made under my direction and supervision [he 25th ,1ny of ,September, 1985. All corners located ore os shown. The property described herein is correct nod has no visible descrepnnclew ,s, protrusions, encroachments, easements. conflicts in boundary. overinppiog of improvements, roads lo pince, nor 1' r nrtone , n except 0 hown. This tract hn,s access to and o -, dedicnted r „ ,s roadway. 11AYNIE KALLIIAN AND GRAY. INC. Timothy C. 11n tole. Registered Public Surveyor No. 2380 Onto EXHIBIT "B ", Page 7 for the Page 7 of 9 r11L0 No71i7 r017 2.796 ACRES !cieid rrote.s deserib.(rr,( r 2.794 acre truer or Innd in the h'1111nn, n 0nrvey. Abstract No. .19U. In 91111am5r County. Y'r.rnr: rr,l ,• nl1 of o 2.79 acre tract of land described Jr r o deed to !li)1 i lh 1nc. recorded in Volume 1020 Palle 202 or the deed accords „( �', 11 i,,m.,,,,,, Gou,, ty, Texas and being more pnrticu)nrly described up loll ,m : li'. r.l;li'IlIG nl. .vi iron pin found in the intersection of the 1nnf line of ear ( (ok;: Drive and the occupied South line of l:onnr.y Uon,l 0174 the Northeast corner of (Irushy Creels Snctim, (Irir., reror der/ in volume 12 Pones 44 through 49 of the Pint I(,cnrds of 1110msnn County. 'I'e,ns, and the Southwest corner of this tract. " /17..1:i 91 d' 19 00' 00' N 40.00 feet to .n, iron pin mood rr the ..n•tb line of County Road 1174 for the Nort/rwest corner nfthis .73I9 :1t:!: with the North line of the said family Pond #174 1'n, the following sixteen (/6) courses: (1) .6 70° 44' 78" E 201.63 feet to an .iron pin round. (2) N 77' 58' 59" 7' 428.71 feet to nn .(ran pin round. (3) c /5 01' 45" 1( 2211.06 feet to an iron pin (onnd. (4) v '(1' 56' 10" E 92.36 feet to an .iron pin found. (9) ,/ 60" 29' /6" li :117.52 feet to an iron pin (000d. (6) N Sri° 04' 52" r. 203.29 feet to an iron pin found. (7) n 51° 37' 34" li 252.58 feet to on iron pin found. (0) 0 49° :IS' D4' I; 155.72 feet to nn iron pin moor!. (u) ' t' 46° ' 30" E 312.05 Ceet to an iron pin 7'onnd. (10) 7: 76' 21' 17" !.' 55.00 feet to an .iron pin found. ( 11) 71 r;;l° 00' .74" /(' 137.15 feet to on iron pin round. (12) 0 63° 1:1' 50" E /7.9.20 feet to ,,n iron pin found. (!7) N 75° 46' 11" E 99.00 (net to on iron pin round. (14) 0 76' 47' 05' h: 193.99 feet to on iron pin round. (15) it 77" 53' 51" E 117.3.7 feet to an iron pin ( (!r;) N 66' 17' 02" r; 99.44 feet to nn iron pin found in the 01or h,.enl corner of 0 29,46 acre tract of land conveyed 70 7'•ar ( :reek .7,, ,,L Venture by deed recorder! in ('9■., 950 Vag, 145 of (he above mentioned Peed Roc nrds for rho i.,rr.heast corner of this tract. 06" 70' 72" 91 44.16 font l:o rr r iron pin r000,i r, r r.bn �• e.! ,alb line or Cavol.y Nord 1174 ('nr thr. .Saurhos: +t r.,r n..r of bars. EXHIBIT "B", Page 8 Page 8 of 9 T1 1.1,1`. with the occ upl"'( South 17.,e of County Nand 4176 for lira ,,.teen (16) r.0nrsesr (1) . 66° 2:1' 30" h' 00.57 feet to no Iron p1'. (9770,1. (2) .; 77° 53' 51" I✓ 171.09 root to no (r'on p1,, funel, (' i6 67' 05' h' 193.25 feet to nn iron pin r (4) .S 75 46' ll' W 04.25 feet to no iron pi" found. .S 63 13' 50" h' 175.60 foot to on iron pin round. id. (6) S 68' 08' 34" 14. 141.74 font to nn Iron pin round. (7) .: 76 21' 17" 1✓ 47.35 feet to eo iron pl. found. (%.) S 46' 52' 30" N 302.49.reet to no iron pio found. (9) .S 49 .10' 04' W 157.35 Feet to on iron prn'r000d. (10) ,S 51 32' 16' 17 254.03 feet to on iron pin (II) s 56° (16' 52" N 106.41 feet to n0 iron plo ronnrl. _ (I2) S 60° 29' (6" (1 321.60 feet to en iron pin room,. (13) . 67' 56' 111" W 97,44 feet to an iron pin fonnd. ( 1 4 ) .S 7 5 ° 0 1 ' 4 5 " IV 230.65 feet to no r on pin fnand. (75) 72 511' 59" I✓ 427.22 Feet to n r l pun ,,ruff•!. O6) 70° 44' 10" PI 201.03 feet to the 1'0IN'1' (17 Iu;0107)70'!) containing 2.794 ncre.s of land more or Joss. 1, Timothy M. Ilnyni e. A R(:GJS7'l'FFO 1 ,5'I /1;)')/7'(11'. do hr • ,.lfl char. U,r,00 field notes nod attached Oar occorntely r the rcooltn of ,r o' - tiro -I(.'o and survoy mode , ,der di,,clinn anand soperv1: 1e0 no the 25th day or September. !'r05. A n. r.. !orated are 05 shown. The prnpirrrl• , le.^.r,r'r:hed hero(,, (s rnrr'cL , nd Ire.c no visible doserr!p,Incin::, (Ir'•, l:ru"lnn.s, cocionchmoor,, ....sement.o. cnnfllct.n in hr,ur over-inviti nr mp,nvrmeol,.,. unds in piece. nor shortages In .f:, r ,, except , :h,r:n. /'hi= Lr:7,,t )rocs access to nod from n dedicated rn ❑AYNII:' 611,L71AN ARP GIia I. INC. -( Timothy h. JHaynie. . Registered Ruhl (c .Cur,•cv•rr du, Dote 9 -ro• es EXHIBIT "B ", Page 9 2:180 Page 9 of 9 EXHIBIT C DISTRICT BOUNDARY DESCRIPTION ' WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 2 WILLIAMSON COUNTY, TEXAS METES AND BOUNDS LYING WHOLLY IN WILLIAMSON COUNTY, TEXAS AND BEING A 260.34 ACRE TRACT OF LAND OUT OF A 1545. 14 ACRE TRACT IN THE JAMES SHELTON SURVEY, ABSTRACT NO. 552; JOHN MCQUEEN SURVEY, ABSTRACT NO. 179; AND THE J.M. HARRELL SURVEY, ABSTRACT NO. 284, SAID 1545.14 ACRE BEING A PART OF A CERTAIN TRACT OF LAND DESCRIBED IN A DEED FROM JENNIE BECK TO EUGENE O. BECK, ET UX; DEED OF RECORD IN VOL. 558, PAGE 30, AND BEING ALL OF A 40.0 ACRE TRACT OF LAND DESCRIBED IN A DEED FROM BESSIE CLARK SCHOOLEY, ET AL, TO EUGENE O. BECK, ET UX, DEED OF RECORD RECORDED IN VOL. 426, PAGE 526, AND BEING ALL OF A 782.0 ACRE TRACT OF LAND DESCRIBED AS THE FIRST TRACT IN A PARTITION DEED FROM JENNIE BECK TO EUGENE O. BECK, ET UX, DEED OF RECORD RECORDED IN VOL. 475, PAGE 227 OF THE DEED OF RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 260.34 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY THE FOLLOWING METES AND BOUNDS. BEGINNING AT AN IRON PIN IN THE NORTHWEST CORNER OF A 112.867 ACRE TRACT OUT OF THE ABOVE SAID 1545.14 ACRE TRACT AND BEING A PART OF THE SAID 260.34 ACRE TRACT, SAID 112.867 ACRE TRACT BEING MORE FULLY DESCRIBED IN A DEED OF CONVEYANCE AS RECORDED IN VOL. 649, PAGE 30 OF THE DEED OF RECORDS OF WILLIAMSON COUNTY, TEXAS. THENCE along the following bearings and distances describing the said 260.34 acres. N 70° 11' 46. E a distance of 300.35'. N 66° 24' 58" E a distance of 72.52'. N 62° 10' 03" E a distance of 52.41'. N 59° 41' 55" E o distance of 717.04'. N 60° 47' 28" E a distance of 122.88'. N 72° 05' 45" E o distance of 196.26'. S 18 16' 48" E a distance of 4256.53'. N 70 18' 55" E o distance of 1169.80'. N 69° 14' 40" E a distance of 1905.27' 5 19° 31' 45" E a distance of 1329.80'. EXHIBIT "C ", Page 1 Page 1 of 7 ti Page 2 of 7 5 71° 09' 39" W o distance of 482.76'. 5 70° 05' 46" W o distance of 335.86'. 5 70° 48' 09" W a distance of 547.55'. S 18° 31' 18" E a distance of 393.00'. N 71 ° 36' 11" W o distance of 2403.03'. N 77 31' 41" W a distance of 3169.32'. N 15 41' 48" W a distance of 928.00'. N 70 54' 41" E a distance of 472.37'. N 70° 59' 21" E a distance of 395.77'. N 69° 53' 43" E a distance of 589.06'. N 20 20' 12" W a distance of 246.23'. N 19 09' 14" W a distance oF 251,52'. N 19° 20' 09" W a distance of 714.58'. N 17° 09' 01" W a distance of 81.41', N 28° 35' 35" W a distance of 43.90'. N 20° 08' 46" W a distance of 82.48'. N 16° 44' 34" W a distance oF 263.93' to the point of beginning, and containing 260.34 acres, more or less. EXHIBIT "C ", Page 2 DISTRICT BOUNDARY DESCRIPTION WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 2 WILLIAMSON COUNTY, TEXAS METES AND BOUNDS Page 3 of 7 LYING WHOLLY IN WILLIAMSON COUNTY, TEXAS AND BEING A 464.81 ACRE TRACT OF LAND OUT OF 1437.45 ACRES OF LAND, SAME BEING OUT OF JOHN POWELL SURVEY, ABSTRACT NO. 491, EPHRAIM EVANS SURVEY, ABSTRACT NO. 212, AND WILLIAM KINCAID SURVEY, ABSTRACT NO. 374 SAID 1437.45 ACRES BEING DESCRIBED IN A DEED OF CONVEYANCE FROM JAMES GARLAND WALSH AND WIFE, MILDRED WALSH TO TOM E. NELSON, JR. TRUSTEE if1, AS RECORDED IN VOLUME 571, PAGE 446 OF THE DEED OF RECORDS OF WILLIAMSON COUNTY, TEXAS. SAID 464.81 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY THE FOLLOWING METES AND BOUNDS. BEGINNING FOR REFERENCE AT AN IRON STAKE MARKING THE SOUTH- WEST CORNER OF SAID 1437.45 ACRE TRACT AS DESCRIBED IN SAID VOLUME 571, PAGE 446 OF THE DEED OF RECORDS, WILLIAMSON COUNTY, TEXAS. THENCE N 19° 43' W a distance oF 994.70' to a point. THENCE N 20° 01' W a distance of 157.56' to the point of beginning. THENCE t: following bearings and distances describing the said 464.81 acres. N 19° 37' W a distance of 256.36'. N 54° 45' W a distance of 52.07'. N 20° 12' W a distance of 517.71'. N 20° 03' W a distance of 825.47'. N 19° 33' W a distance of 556.20'. N 20° 11' W a distance of 814.36'. N 20° 04' W a distance oF 800.00'. N 20° 00' W a distance of 223,65'. N 70° 14' E o distance of 5131.05'. S 21° 05' 22" E a distance of 1721.21'. 5 68° 06' W a distance of 173.92'. EXHIBIT "C ", Page 3 Page 4 of 7 S 21° 01' E a distance of 2195.40'. 5 65° 41' W a distance of 598.64'. S 69° 22' W a distance of 1291.65'. 5 69° 21' 52" W a distance of 100.39'. 5 69 22' W a distance of 2910.61' , S 69° 16' 36" W a distance of 99.8T to the point of beginning, and containing 464,81 acres, more or less. EXHIBIT "C ", Page 4 BEING 1290,43 ACRES IN WILLIAMSON COUNTY, TEXAS, OF WIIICII 670.46 ACRES 15 IN i11E JAMES SIIELTOI I SURVEY, ABSTRACT NO, 552; 523.02 ACRES 15 IN Tllli JOAN MCOUI.ia.; SURVEY, ABSTRACT NO. 415; 74.00 ACRES I5 IN TIIE JOHN 11, DILLARD SURVEY, ABSTRACT NO, 179 AND 22.95 ACRES 15 IN THE J.M. HARRELL SURVEY, ABSTRACT 2/14, AND BEING OUT OF AND A PART OF A CERTAIN TRACT OF LAND DESCRIBED IN A DEED FROM JENNIE BECK TO EUGENE 0, BECK, ET UX, DEED OF RECORD IN VOL, 550, PAGE 30 OF TIDE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BEING A PORTION OF A 782.0 ACRE TRACT OF LAND DESCRIBED AS TIIE FIRST TRACT IN A PARTITION DEED FROM JENNIE BECK TO EUGENE 0, BECK, ET UX, DEED DATED JANUARY 13, 1965, AND RECORDED IN VOL. 475, PAGE 127 OF TIIE DEED RECCR DS OF WILLIAMSON COUNTY, TEXAS, BEGINNING of on iron slake in the North Right-of-Way line of F.M. Highway No. 620 for the most Southerly corner hereof, said point hears N 21 49' W, 102.26 feerYro,n the No, lhwest corner of a 254.5 acre tract of land described in a deed from Oscar E. Beck, et ux, to Eugene Oscar Beck, el ex, deed of record In Vol, 360, Page 87 of the Deed Records of Williamson County, Texas; THENCE N 19° 23' W, 476,84 fees a 20 inch Ilve ook,ond N 21° 13' 58" W, 383.78 feet to live oak slump for on inside corner hereof; said point being on or near the Northeast corner of she Thornos P, 0409 Survey: THENCE with the fence along the Souih boundary line hereof and the North line of the Davy Survey OS follows: S 62° 18' 19" W, 91,58 feet to a 14 inch live oak; S 69° 23' 39" W, 213,30 feel; S 70 25' 55" W, 190.87 feet to a 6 inch live ook; S 70 49' 15" W, 261,13 feet to 0 12 inch elm; 70° 19' 26" W, 258,81 feet to 0 14 Inch cedar; S 69° 56' 26" W, 107.09 feel to a 14 inch live oak; S 73° 30' 04" W, 82.64 feet to 0 6 inch elm; 5 70° 09' 23" W, 130.99 feet to 0 14 inch cedar; S 70' 19 25" W, 200,65 feet toa 14 inch elm; 5 69° 33' 36" W, 241,09 feet to on iron pin; S 73° 05' 05" W, 193,54 feet to on iron pin; 5 68° 17' 26" W, 409,36 feel too pence post; S 68° 57' 44" W, 121,64 feel to a fence post; S 76° 22' 13" W, 135.56 feet to on iron pin; 73° 50' 35" W, 182,66 feet to 0 24 inch live ook for the Southwest corner hereof; , TIIENCE with the fence along the West boundary lino hereof and the West boundary line of the - above referred to 782.0 acre tract as follows: N 19° 26' 43" W, 1211,86 feel; N 19° 26' 23" W, 084.93 feel; N 19° 29' I I" W, 1183. 12 feel; N 19° 28' 30" W, 957,73 feel and N 18° 47' 78" W, 1740,44 feel loo fence corner post for on outside corner hereof; TIIENCE N 73° 29' 12" E, 1513,35 feel loo fence corner post for on ell corner hereof; THENCE N 20' 05 39'• W, 1522.32 feel to a fence corner post for on auhidc cornet hereof; EXHIBIT "C " , Page 5 Page 5 of 7 THENCE N 69" 31' 43" E, 772.83 feet to a fence poslond N 70° 12' 30" E, 541.00 feel to an iro pin b a fence corner post THENCE N 24° 23' 26" E, 1577.26 feet to un iron pin by a fence past; THENCE N 15° 54' 28" W, 372.92 feel to on iron pin by o fence corner post for the most Northe corner of this tract some being the Southwest corner of Brushy Creek Subdivision, Section Two, os recorded in Vol, 12, Poge 50 of the Plot Records of Williamson County, Texas; THENCE with the South line of Brushy Creek, Section Two, 5 77° 31' 41" E, 3169.32 feet, and 5 71° 36' 11" E, 2403,03 feel to the Southeast caner of the said Brushy Creek, Section Two, being •on the East line of the aforementioned Back Troct described in Volume 558, Poge 30 of the said Deed Records; THENCE with the East line of Ilse said Beck 1,0,1, 5 18 31' 18" E, 544,57 feet, 5 18 32' 19" E, 278.33 feel to on iron pin,S 18° 41' 49" E, 212,19 feet to an iron pin,S 18° 27' 20" E, 1067.15 feet to on iron pin,and S 17' 49' 36" E, 481,75 feet to on iron pin in the North Right -of -Way of Highway No, 620 for the Soutlseost corner hereof; THENCE 390,77 feet along the arc of curve to the right whose central angle is 24° 44' 31 ", whose radius is 903.93 feet long,ond whose chord bean S 18° 46' 44" W, and is 387,75 feel long to concrete Right -o( -Wa monument marking the end of sold curve, THENCE 5 31° 09' W, 320,00 (eel to a concrete Right -o( -Way monument morking the beginning of a Curve to the right, THENCE 351.90 feel along the arc of said curve to the right whose central angle is 03° 33', wh.me radius is 5679.56 feel long, and whose chord bean 5 32° 55' 30" W, and is 351.90 (eel long loo concrete Right -of -Wa monument; THENCE S 34° 42' W, 643.00 feel to a concrete Right -of -Way monument; THENCE 457,29 feel along the arc of o curve to the left whose central angle is 4° 32', whose radius is 5T/9.56 feel long,und whose chord bean 5 32° 26' W, and is 457.17 feel long to o concrete Right -of -Way monument marking the end of said curve; THENCE S 30° 10' W, 836.20 feet to a concrete Right -o( -Way monument markin the beginning of r. curve to the right; THENCE 659,25 feel along the arc of soid curve to the right whose central angle is 06° 39', whose radius is 5679,56 feet long, and whose long chord bean S 33° 29' 30" W, end is 658,88 feet long too concrete Right -of -Way monument marking the end of said curve; THENCE 5 36° 49' W, 2603,75 feet loo concrete Right -of -Wa monument marking the beginning of o curve to the right; THENCE 744,68 feel along the arc of said curve to the right whose central angle is 19° 01' 47 ", whose radius i 2241,82 feet long, and whose chord bean 5 46° 19' 53" W, and is 741.26 feet long to the PLACE OF BEGINNING; containing 1290,43 ocres of land more or less, Field Notes prepared September, 1980 from Public Records and Surveys b Russell D. Parker, Registered Public Surveyor No, 1661 in August, 1976, ' OF� T, E,.. ' . . .. v {R ..* f f Kirby T, y er, RPS, nib e 2 . P, EXHIBIT "C ", Page 6 Page 6 of 7 BEING 193, 96 ACRES OF LAND IN THE JOHN MCQUEEN SURVEY, ABSTRACT NO. 425 IN WILLIAMSON COUNTY, TEXAS, AND BEING OUT OF AND A PART OF A 254.5 ACRE TRACT OF LAND DESCRIBED IN A DEED FROM OSCAR E, BECK AND WIFE, JENNIL BECK TO EUGENE OSCAR BECK AND WIFE, GENELLE BECK, DEED DATED FEBRUARY 16, 1950, AND RECORDED IN VOL, 360, PAGE 07 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS. BEGINNING at un iron stoke on the Southeast Right -of -Way line of 9,M, Highway No. 620 marking the Northeast corner of the above referred to 254.5 acre tract of land; THENCE along the said Right -of -Way of F.M, Highway No, 620 as follows; S 34° 42' W, 249.92 feel to the beg inning of a curve to the left; THENCE 449.41 foal olong the orc of said curve to the left whose cent /al angle is 4° 32', ::hose radius is 5679,56 feet long,ond whose chard bears 5 32° 26' W and is 449,29 feel long; THENCE 5 30 10' W, 836.20 (eel to the beginning of a curve to the right; THENCE 670,86 feet along the orc of soid curve to the right whose central angle is 06' 39', of <occ radius k 5779.56 feet long,ond whose chord bears 5 33° 29' 30" W, and is 670,48 foto long; THENCE continuing wills Ilse said Right -of -Way line, 5 36 49' W, 1934,46 feel to an iron stake for the Northwest corner hereof; THENCE 5 19° 31' 20" E, 1364.91 feet to on iron stoke in line with the fence marking the Southwest corner hereof, soid point being an ell corner in the South boundary line of the soid 254,5 acre tract and being on or near the Northwest corner of the Molcan M. Hornsby Survey; THENCE along the South boundary line of the said 254.5 acre tract os fenced and the North line of the Hornsby Survey os follows; N 70 39' 57" E, 692.34 feet to a 6 inch triple elm tree; N 71° 11' 06" E, 247,44 feet to a 10 inch elm tree; N 75° 09' 33" E, 138.01 feel to an 18 inch pose oak Tree; N 68 12' 23" E, 218.90 feet to a fence corner pmt; N 71° 21' 15" E, 2008,58 feet to an pole by o fence comer post marking the Southeast corner of the 254.5 acre Iroct and being the Southeast corner hereof; THENCE with the fence along the East boundary line of the soid 254.5 acre tract of land os follow, N 18° 54' 01" W, 1920,67 feel, ond N 19° 05' 14" W, 1922,62 feel to the PLACE OF BEGINNING, conloiring 193.96 acres of land more or less. Field Notes prepared September, 1980 from Public Records end Surveys by Russell D. Porker, Registered Public Surveyor No, 1661 in August, 1976. EXHIBIT "C ", Page 7 Page 7 of 7 / Dote FI::_D NOTES OF 316.018 ACRES :;,ZI•ES describing a 316.018 acre tract or parcel of land, out of the r7shir,;ton Anderson Survey, Abstract No. 15, situated in Williamson County, being all of that certain 316.05 acre tract of land conveyed to Sam Bass 31:: by decd recorded in Volume 951, Page 128 of the Deed Records of Williamson County, Texas, found upon re -survey this date to contain 316.018 acres of land, :::2 Ling more particularly described by metes and bounds as follows: 1'EUL S:Z::C at an iron oin set at or near a fence corner post being the in:erzection of the new north right -of -way line of F.M. 1431 and the east ric2ht - of - wry line of Sea Dss Road (County Road No. 175), also being the routhoest corner of said 316.05 acre tract, for the southwest corner and POINT 0:' GII I G of the hereinafter described 316.016 acre tract; departing said north right -of -way line of said F.M. 1431, along said cast right-of-way line of Sam Pass Road, as fenced, for the west line hereof, the following our (4) courses: 1.) 022 °0S'W, 1019.00 feet to an iron pin found for an angle point hereof; 2.) I :20 °35'10•'[7, 791.13 feet to an iron pin found for an angle :;Dint hereof; 3.) ::21 °13'15"::, 411.51 feet tb an iron oin found for an angle point hereof; 4.) ::23 °30'15":', 424.64 feet to an iron pin found at or near a fence corner post, being a southwest corner of a portion of that certain 511 acre tract of lard conveyed to Perry 0. Mayfield by deed recorded in Volume 258, Page 214 of said Deed Records, for the northwest corner hereof; T:__::E departing said east right -of -way line of said Sam Bass Road, along the south lire of said 511 acre tract, as fenced, for the north line heredf, the fallowing five courses: 11? t:68 °57•11'•E, 1282.36 feet to an iron pin found for an angle point hereof; 2.) N6S ° 42 . 35•'E, 904.69 feet to an iron pin found for an angle point hereof; 3.) :739 °54'34••E, 1074.77 feet to a nail found for an angle point hereof; . 4.) 11il °z5•13'E, 535.98 feet to an iron pin tound for an angle point hereof; 5.) :763 °08'E, 1251.92 feet to an iron pin found at or near a fence corner post in the west line of that certain 1437.45 acre tract of land conveyed to Tom E. Nelson, Jr. Trustee, by deed recorded in Volume 571, Page 446 of said Deed Records, being the southeast corner of said 511 acre tract, for the northeast corer hereof; = CZ along the west line of said 1437.45 acre tract, as fenced, for the east line hereof, the following two (2) couroost 1.) C20 1602.71 feet to an iron pin found for an angle point hereof; 2.) C20 ° 03'30'•E, 1028.48 feet to an iron pin set at or near a fence corner post in the curving north right -of -way line of said F.M. 1431, for the southeast corner hereof; 'i CE along said north right -of -way line of said P.M. 1431, as fenced, for the suuth line hereof, the following five (5) courses: 1.) along the arc of a curve to the right having elements of delta= 00 °26 radius= 11359.16 feet, arc= 86.24 feet, tangent= 43.12 feet, chord and chord bearing= 86.24 feet, 570 °48•57'•W to an iron pin set for a Point of Tangency hereof; 2.) 271 3252.17 feet to a nail found for a Point of Curvature hereof; 3.) along the arc of a curve to the right having elements of delta= O1 °38•, r:.dius= 11414.06 feet, arc= 325.30 feet, tangent= 162.70 feet, chord and chord bearing= 325.37 feet, 571 °51•W to an iron pin set for a Point of Tangency heceuf; EXHIBIT "D ", Page 1 -EXHISIZz=' PACE 1 OF 2 Field notes of 316.018 Acres (continued) PAGE 2 OF 2 4.) 572 °40'W, 1132.29 feet to a nail found for a Point of Curvature hereof; 5.) along the arc of a curve to the right having elements of delta= O1 °19'33", radius= 7739.44 feet, arc= 179.09 feet, tangent. 89.55 feet, chord and chord hearing= 179.08 feet, 572 °OO "W to the POINT OF BEGINNING of the herein described tract of land, containing 316.018 acres (or 13,765,761 square feet) of 1znd. . EXHIBIT "D" , Page 2 BRYSON & ASSOCIATES SURVEYING COMPANY FIELD NOTES BEING ALL THAT CERTAIN TRACT OR PARCEL OF LAND OUT OF AND A PART OF THE EPHRAIM EVANS SURVEY, ABSTRACT NO. 212, SITUATED IN WILLIAMSON COUNTY, TEXAS, MORE PARTICULARLY DESCRIBED AS BEING OUT OF AND A PART OF THAT CERTAIN TRACT OF LAND DESCRIBED IN A DEED TO TOM E. NELSON IN VOLUME 571, PAGE 446, OF THE WILLIAMSON COUNTY, TEXAS DEED RECORDS, SAID TRACT OF LAND BEING 497.12 ACRES OF LAND MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a point for the northwest corner of the herein described tract and from which the northwest corner of the above said Nelson tract bears S 69 °42'18" W, 759.68 feet, THENCE, with the north line of the herein described tract, the following two (2) courses and distances, numbered 1 and 2, 1. N 69 °42'18" E, 2237.34 feet to an iron pin found, 2. N 72 °02'37" E, 3112.07 feet to an iron pin found for the northeast corner of the herein described tract, THENCE, with the east line of the herein described tract, the following three (3) courses and distances, numbered 1 through 3, 1. S 17 °37'15" E, 1211.39 feet to an iron pin set for an ell corner, 2. S 72 °47'10" W, 1001.11 feet to an iron pin found for an ell corner, 3. S 18 °08'35" E, 3680.98 feet to an iron pin set in the north R.O.W. line of F.M. 1431 for the southeast corner of the herein described tract, THENCE, with the south line of the herein described tract, also being the north R.O.W. line of F.M. 1431, S 73 °14'47" W feet to a point for the southwest corner of the herein described tract, THENCE, with the west line of the herein described tract, N 20 °17'42" W, 4704.60 feet to the POINT OF BEGINNING, containing 497.12 Acres of Land. Prepared By: Bryson & Associates Surveying Company 3401 Slaughter Lane West Austin, Texas 78748 EC /ccs Job 183 -349 2/27/87 Exhibit "E" 3401 RIDDLE ROAD • AUSTIN, TEXAS 78748 • (512) 282 -0170 BRYSON & ASSOCIATES SURVEYING COMPANY FIELD NOTES BEING ALL THAT CERTAIN TRACT OR PARCEL OF LAND OUT OF AND A PART OF THE ANASTASHA CARR SURVEY NO, 122 AND THE JOHN D. ANDERSON SURVEY, SITUATED IN WILLIAMSON COUNTY, TEXAS, MORE PARTICULARLY DESCRIBED AS BEING OUT OF AND A PART OF THAT CERTAIN TRACT OF LAND DESCRIBED IN A DEED TO PERRY O. MAYFIELD IN VOLUME 327, PAGE 247, VOLUME 344, PAGE 90, VOLUME 428, PAGE 436, AND VOLUME 258, PAGE 578, OF THE WILLIAMSON COUNTY, TEXAS DEED RECORDS, SAID TRACT OF LAND BEING 981.29 ACRES OF LAND MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at an iron pin for the most southwest corner of the herein described tract and from which the southwest corner of the above said Perry O. Mayfield tract of record in Volume 258, Page 578, bears S 43 °02'44" E, 750.00 feet, THENCE, with the west line of the herein described tract, the following fourteen (14) courses and distances, numbered 1 through 14, 1. N 43 °02'44" W, 849.15 feet to an iron pin, 2. N 43 °00'23" W, 991.05 feet to an iron pin, 3. N 39 °13'41" W, 66,49 feet to an iron pin, 4. N 23 °29'11" W, 163.83 feet to an iron pin, 5. N 16 °58 "23" W, 711.23 feet to art iron pin, 6. N 23 °32'48" W, 23.79 feet to an iron pin, 7. N 31 °02'03" W, 333.05 feet to an iron pin, 8. N 25 °29'27" W, 1250.51 feet to an iron pin for an ell corner, 9. N 72 °16'12" E, 353.46 feet to an iron pin for an ell corner, 10. N 20 °46'37" W, 94.88 feet to an iron pin for an ell corner, 11. N 72 °11'58" E, 1368.58 feet to an iron pin for an ell corner, 12. N 17 °34'24" W, 584.46 feet to an iron pin, 13. N 16 °38'37" W, 303.17 feet to an iron pin, 14. N 17 °52'06" W, 1951.45 feet to an iron pin for the northwest corner of the herein described tract, THENCE, with the north line of the herein described tract, the (22) courses and distances, numbered 1 through 22, 1. 2. 3, 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. N 74 °59'12" N 72 °43'36" N 71 °54'33" N 87 °15'22" N 83 °02'15" N 69 °31'53" N 62 °31'05" N 66 °06'12" N 68 °47'41" S 23 °13'10" S 18 °32'28" S 09 °24'18" S 15 °40'08" S 10 °06'48" E, 334.60 feet to an iron pin, E, 636.00 feet to an iron pin, E, 374.42 feet to an iron pin, E, 46.95 feet to a nail set, E, 90.53 feet to an iron pin, E, 97.06 feet to an iron pin, E, 161.02 feet to an iron pin, E, 133.45 feet to an iron pin, E, 8.54 feet to an iron pin for an E, 67.71 feet to an iron pin, E, 298.10 feet to an iron pin, E, 75.11 feet to an iron pin, E, 101.10 feet to an iron pin, E, 139.17 feet to an iron pin, ell corner, following twenty - two Exhibit "E - 1" Page 1. 3401 RIDDLE ROAD • AUSTIN, TEXAS 78748 • (512) 282 -0170 Mayfield Tract 981.29 Acres Page 2 15. S 20 °23'42" E, 288.09 feet to an iron pin for an ell corner, 16. N 70 °31'43" E, 495.13 feet to an iron pin, 17. N 70 °52'09" E, 470.18 feet to an iron pin, 18. N 72 °20'28" E, 808.61 feet to an iron pin, 19. N 73 °28'36" E, 399.90 feet to an iron pin, 20. N 75 °42'50" E, 602.21 feet to an iron pin, 21. N 82 °10'18" E, 217.12 feet to an iron pin, 22. N 75 0 45'46" E, 20.16 feet to an iron pin for the northeast corner of the herein described tract, TIIENCE, with the east line of herein described tract, the following five (5) courses and distances, numbered 1 through 5, 1. S 15 °53'28" E, 3099.75 feet to an iron pin, 2. S 13 °16'54" E, 417.05 feet to an iron pin, 3. S 15 °27'39" E, 1442.82 feet to an iron pin for an ell corner, 4. N 69 °42'18" E, 759.68 feet to a point for an ell corner, 5. S 20 °17'42" E, 4704.60 feet to a point for the southeast corner of the herein described tract, THENCE, with the south line of the herein described tract, the following nine (9) courses and distances, numbered 1 through 9, 1. S 73 °14'47" W, 966.79 feet to an iron pin for an ell corner, 2. N 17 °09'00" W, 1028.53 feet to an iron pin, 3. N 17 °12'43" W, 1802.92 feet to an iron pin for an ell corner, 4. S 71 °01'44" W, 1251.96 feet to an iron pin, 5. S 74 °18'51" W, 535.94 feet to a nail found, 6. S 72 °48'07" W, 1074.93 feet to an iron pin, 7. S 72 °36'05" W, 504.70 feet to an iron pin for an ell corner, 8. N 17 °24'00" W, 1170.25. feet to an iron pin for an angle, 9. S 58 °19'00" W, 2070.93 feet to the POINT OF BEGINNING, containing 981.29 Acres of Land. Prepared By: Bryson 6c Associates Surveying Company 3401 Slaughter Lane West Austin, Texas 78748 EC /ccs Job 883 -349 2/27/87 Exhibit "E -1" Page 2. DATE: TO: Jim Hislop d /b /a Riata Management and /or the City of Round Rock, Texas ( "Payee ") Gentlemen: (letterhead of issuing bank) IRREVOCABLE LETTER OF CREDIT NO. We hereby issue this Irrevocable Letter of Credit in your favor and authorize you to draw at sight on ourselves for the account of ( "Customer ") for any sum or sums not exceeding in the aggregate $ We do hereby agree with drawers, endorsers and bona fide holders of drafts negotiated under and in compliance with the terms of this Letter of Credit that the same shall be duly presented on or before December 31, 1987, but not thereafter. Any request for a draw hereunder shall be accompanied by the affidavit of Jim Hislop or the City Manager of Round Rock stating that such draw is being called pursuant to the terms and provisions of that one certain West Round Rock Water System Improvements Agreement and that the funds will be used to further the construction of the Improvements as defined in said Agreement. Upon receipt by us of a letter signed by Jim Hislop or the City Manager of Round Rock stating that a Customer has deposited cash in lieu of a draw against this Credit, the amount of this Credit shall be reduced by the amount of the cash so deposited. We specifically waive all rights, if any, including but not limited to Section 5 - 12 of the Uniform Commercial code, to defer or delay honor or payment of any sight draft. This Credit is governed by the Uniform Commercial Code in force in the State of Texas on the date hereof and is subject to the Uniform Customs and Practices for Documentary Credits (1974 Revision), International Chamber of Commerce Publication No. 290. ATTEST: wrrex -F EXHIBIT "F" By: Its 05211. *111107 2129. 1104000010 ... it IIIET 8011E E6TI27E0 20 9.1.6 900 111001 777-132-60. 352-093-05 11 WEI 91.68141 12. 121 77001 1 6 1911 1910000 5011177 M197N. 7877 0F931P70071 0181 LF. 1110. 011000. LINE O . L Q WIEo 101E 6 340618 1911.00 009.40 424079.8 105. 62' 9170105 19,512.03 5200.00 1118.03 1546,030.00 106 42' 870149 19,512.00 4700.00 911500 293,50100 10. 24 7.530.00 1308.03 060.00 11140,000.00 107, 20' 107E9219 7,53000 1000.00 20.03 20, 178 24'87E1115 5,327.8 1338.33 163.00 471000.00 109. 70' 8710 211E 11,955.63 2000.00 0300 0150,80.00 110. 30' 81E1 219: 11,39163 4300.00 0732 172,530.00 111. 30' 87E1 WE 11,009.61 4500.03 075.00 1337,500.00 112 33' 8114110E 10,32.00 2700.6 415.00 0234500.00 2 171. 24' WIE0 789 7,411.00 250.8 1156 5 0. 000 72. 5' 8904111E 7,218 566.8 033.8 253,88.00 72. 16' INTER 1111 / 4647.2 4666 21.00 27.5416 117. 16. 270 119 3,477.6 11039.0 20.00 240800 0 79. 16 27E0 11 3,1766 66 41 0.0.00 1212,,06.6 111 8 16 11 171.3.00 29.6 1!2,0.6 110. 16' 9/0/0 5010 118 5 6 110 1 300200 1514.0 6 29. 174,147 191 16 811 114:1 322.00 1514.00 216 1 10600 0600 8111 7/. 16. mile 114 415600 2566.6 20.6 916,000.8 101. 16' 2720 119 1 2,116.00 1932.6 MCC 131, 372.8 3 6' W1EA 115 0 2 905.6 0106 170,120.6 73. 1 6 . INTER 171E 0 32.8 126.00 112.00 140.00 1 3 1 INTER 1.110 513. 4700.00 20.6 1141,000.00 502 " ^ 8 1E1 U4 573 6 03 00 2500.3.00 4151,000.00 504. . W76A 0 03 5+766 2910.6 091.6. 017460.6 1.561007X 1110. L0. 41,160,200.00 1.76 F.B. 297(5 0010 4.0011110E 176167000110 00114041 0097 . 0911®04479 952 0 1602019I10 '17111 OK M01 99010. 016790014 MO 1121 CITY IIFOECTIOT FEE 451 09171009.01 FEE 1721 689.37 00109201 FIE 130 1E69 F® 1112681 4721410.8 01101 J.V. - 11110110111J.V. 01 J.V. 8.1 1/1 Ipl 6109119 9 040070 391 6250.00 650.0 0.00 0.03 0.00 143.6 5913.00 522.00 7201.00 5206.8 5204.00 5201.00 22916 229 100 2911.00 2911.00 0.6 0.00 0.00 0.6 0.00 0.00 1046.00 12600 1500.00 17.11 091,169.0 31.95 1114,213.20 31.920 0157,52.20 0.001 00.00 0.00 M00 51.031 076, 500 49.070 9151,250.75 47.220 6159,57625 50.15 012,500.20 52.75 479,20.8 70.200 610,36.8 75.45 23,21119 02.170 035,207.20 65.00 121,1116 0.001 1103 91.451 166319.96 94.450 070,061.61 0.001 00.6 0.02 *0.8 0.001 90.6 0,84 4000 00 nm 00.204 311330.8 4 2 124 11,10,547.76 036,39.8 95,74 410.00 11,931, 07.76 7,061.00 7,061.00 3,06100 0.00 0.00 34668 7,064.00 3,02.00 ],84.00 2,51.6 2,209.6 1,19600 1,354.6 1,113.00 171.00 171.00 171.6 342.00 0.00 0.00 5 0.00 0.8 3,064.00 2541117 FEN 0101 001 WE 1p1 0005.70 1 P11=0 391 C117 6 11111 0009 101E011FD1 110E 1.8 000109.70 1 100110 10031 139.61 172,15121 175 9495,09176 004.01 09,24.11000 172,1 195, 0x 119670 0.. 9.67 172,153.21 f111 0 �734.00 42 437, 13 ,62.57 440 0243111 ..4 113,9 W 8. 114,000.6 13,000.6 2106.6 109171710816 999E IF 4917814 MUM 005 0.0616E 1011CI440 115 Ipl 010118 9 7.0. .1..l. 680.00 8.311 0911,703.15 00 1191,71141 FIRM MIFF 302.8 1778 404224.971 L*N 180.00 0.54 10.8 11.8 (422,1e3. 171 1011E 121901 19510E IH Ip1 0010710 0 010070 CJ76T 1700 $46,716.72 19, 719.00 54.161 9200,060.16 15.690 065,419.00 3,22.03 16.710 191,276.60 05.690 177,22.75 3,272.00 16.7171 112,2614 0.400 00.00 730.00 7.044 01467400 0.41 40.6 53100 7.00 2,224.80 0.02 00.00 5330.00 9.994 17,161.00 26 106,660. 0000 4, 9 00,560.15 27.336 193,92615 2,116.00 19.25 161,661.70 29.510 061,722.35 411600 6.310 26,492.91 27.20 171 760.8 41168 21.21 632,16.8 29.81 24,76.00 0.00 0.02 2.6 21.50 2,31161 0.00 0.00 2.00 37.131 009,79110 0.00 0.001 00.6 34.60 011669.60 0.6 0.000 00.00 100.60 612,808 0.00 0.00 2.6 5.50 2,691.2 0.8 0.02 00.4 5.751 14,117.2 0.6 164 90.00 13.911 113,910.6 41166 66094 24090.6 0.02 00.6 41166 100.001 *00,072.91 0.001 016 2,11600 100.001 034,390.6 08.02 /99,120.6 0.00 0.009 86 0.60 10.00 6300 10100 012,600. 00 16.00 1141,0018 0.00 0.001 00.00 0.00 00.6 570.6 6.110 99,270.8 0.61 40.6 90.00 19.200 364700.6 35.301 212,3766 4116.00 5.300 1264,107.16 11 36417526 11 21,2 666 ,090.00 2 1666; 16.1 0 8 9 7 0. 390 12,172.8 1164,672.001. 110,39.61 132160.8 1132, 16.61. 2 2,49430 1142,194301. 112,000.8 012,66.001. 0281,38.70 0721,52.06 0312,91652 1715,175.67 L 1 N 1.011 mD. IEE 1•01 1001170 1 001170 10*0 1,400.00 3.101 120,511.97 1,400.00 7.159 119,039.00 1,400.00 7.00 135,205.25 1,400.00 00.594 113,162.00 1,100.8 40.991 011,151.00 1,400.00 26.211 820,49 0.00 0.006 00.6 0.00 0.001 3.40, 0.001 10.00 0.00 0.80 10.00 10.00 0.00 0.000 00 90.00 0.8 0.86 1403.8 0.00 0.085 4100 0.00 0.001 0.8 0.004 40.8 0.00 0.02 10.00 0.00 0.000 00.6 0.8 0.00 00.00 0.6 0.08 00.6 8 0.00 0.02 60.6 0.00 0.001 00.6 • 0.8 0.001 40.00 0.6 0.02 10.6 1,400.00 16.321 121,100.6 1,400 5 4124 • .6 0.070 90.00 131295.2 131,29.90 06,73644 08 031,295.5 110,107.66 02 0,0036 !,680.00 5.600.00 5,601 CO 5,600.00 3.397.00 0.00 0.8 0.00 D8 0.8 0.00 0.00 0.6 0.6 0.6 0.00 0.00 0.6 0.00 0.6 0.6 0.8 5,60100 0.8 11SM 191,78.07 28.609 1156,15600 7 11 76.370 24,6226 63.771 29,76600 0.031 40.00 0.006 00.00 6.004 00.00 0.330 00.8 0.81 10.8 0.001 2.00 0.001 00.00 0.61 10.00 0.02 00.6 0.02 40.00 0.81 00.8 0.81 90.00 0.009 10.6 0.003 10.6 0.004 10.00 0.02 00.6 0.61 8.00 0.02 60.6 15316 091,900.6 0.00 10.00 0.02 40.00 11(0,175.17 670,517.57 0.015,141.2 441 0. 511.57 22,710.21 84 113,60.6 10016. 07,073,808 1200,06626 00,52 116! 066421.75 7895,39272 1111,054.6 001160E9170 70 0021 Imes 0011 4174 0..21 691 1526,019.0 00111 1 1030.9 15,67.90 1631,2966 7001 4631,291.0 1257,0095 M8 lab 10.00 60.00 81, 02317 00 MIDI 2600.2 71.01 10.00 10.00 116421.251 04.00 24501.26 1614.6 100.006 1010.4011000114056121000E 194711.4 40,424.97 11257.151951 622,12107 2441.2E 7010. *4 191700 90011[11081 397 42402.4111 62542311 00.00 1417.01659 0375,54.06 . HMI 9397 PROS 102 2 275.210 4076 1001 O t 40 0551118105 f9661 CC676 CF 6 5P8hC79 19. 70 10-1-00