HomeMy WebLinkAboutItem 11 - Gaylord ITEM ._w_�'.�
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER O.
MEETING DATE: MAY 19, 2009
SUBJECT: AMENDMENT TO HOTEUCONVENTION CENTER SUBLEASE
AGREEMENT
RECOMMENDATION:
City Council consider approving the Third Amendment to the Hotel / Convention Center
Sublease Agreement with Opryland Hotel — Texas Limited Partnership for the
construction of the Convention Center Expansion and Swimming Pool Amenities on
Corps of Engineer's Land leased by the City of Grapevine, authorize the City Manager to
execute said agreement, and take any necessary action.
BACKGROUND:
The City Council approved the Third Amendment to the Hotel/Convention Center
Sublease Agreement on October 21, 2008. Subsequent to that approval, Gaylord
forwarded the amendment to their lenders. The lenders have asked for modifications to
the document, primarily for clarification and to reference a New Master Lease with the
Corps for the Corps property in the area around the hotel site totaling 177.77 acres. The
term of the sublease will expire concurrently with the New Master lease.
The City Attorney and City Staff have reviewed the modifications and are agreeable to
the requested changes.
The highlights of the agreement of October 21, 2008, with updated modifications are
listed below.
• The City (Sublessor) and Opryland Hotel — Texas Limited Partnership
(Sublessee) entered into a Hotel/Convention Center Sublease Agreement on May
16, 2000. This agreement has since been amended and/or supplemented by the
following agreements: (i) Sublease Addendum Number 1, dated July 28, 2000,
(ii) Addendum to Hotel/Convention Center Sublease Agreement Survey Exhibit
"B", dated May 8, 2003, and (iii) Second Amendment to Hotel/Convention Center
Sublease Agreement, dated September 16, 2003.
• The original sublease & two amendments included a 3.479 acre parcel north of
the Glass Cactus intended for a pier, a 1.504 acre parcel immediately adjacent to
the entry roadway east of the hotel, and a 4.798 acre parcel adjacent to the
May 14,2009(9:14AM)
southwest corner of the existing convention center and the intersection with
Gaylord Trail and Convention Center Drive.
• In September 2007, Sublessor and Sublessee entered into the Second
Addendum to Convention Development and Marketing Agreement (the "Second
Addendum"), which provides for an expansion of the Gaylord Hotel and Resort
including (i) additional hotel rooms (the expanded hotel will contain a minimum of
2,000 rooms), (ii) an expansion of the hotel and convention center resort (the
expanded resort will have at least 600,000 square feet of meeting and pre-
function space), (iii) approximately 750-1,100 additional parking spaces, and (iv)
additional swimming pool and other amenities.
• A portion of the expansion, specifically, the convention center expansion and new
swimming pool, will be constructed on land currently covered by the City's Master
Lease with the Corps of Engineers but not covered by the current Sublease.
• The amended Sublease removes the 3.479 acre tract for the pier from the leased
premises and adds 44.0 acres to the leased premises around the perimeter of the
hotel site for the convention center and swimming pool amenities complex
expansion.
• Corps land totaling 177.77 acres will be removed from the current City Master
Lease and will be set forth in the City's New Master Lease for the Corps property
surrounding the Gaylord site. This New Master Lease will include the remaining
two parcels from the Second Amendment to the Sublease totaling 6.3 acres and
the 44.0 acres added with the Third Amendment to the Sublease.
• The Third Amendment to the Sublease does not include the parcel east of
Gaylord Trail that has been tentatively designated for the Western Experience.
Gaylord elected to option the parcel and notified the City by letter dated May 19,
2008 of this election.
• The Amendment revises the Sublease to:
• Provide for a 50 year term
• Monthly Rent of$4,530 during the Construction
• Monthly Rent of $11,325 upon Substantial Completion (Issuance of Certificate
of Occupancy for Expansion Improvements on Corps property under the New
Master Lease)
• Monthly Rent adjusted every 5 years based upon the CPI with the increase or
decrease not to exceed 3% per year over the 5 year period
• Rents received by the City shall be used for improvements to Corps property
on Lake Grapevine
Staff recommends approval.
May 14,2009(9:14AM)
Avow
THIRD AMENDMENT TO HOTEL/CONVENTION CENTER
SUBLEASE AGREEMENT
This Third Amendment to Hotel/Convention Center Sublease Agreement (the
"Amendment") is entered into by and between the City of Grapevine, Texas (the
"Sublessor"), and Opryland Hotel — Texas Limited Partnership, a Delaware limited
partnership (the"Sublessee"),on this day of , 2009.
RECITALS:
A. The Secretary of the Army ("Master Lessor"), as lessor, and Sublessor, as
lessee, have entered into that certain Department of the Army Lease to Non-State
Governmental Agencies for Public Park and Recreation Purposes, Contract No. DACW
63-1-94-0552, dated effective as of March 18, 1994, as amended from time to time (the
"Existing Master Lease"), which covers approximately 797 acres of land near and around
Grapevine Lake.
B. It is anticipated that Master Lessor, as lessor, and Sublessor, as lessee, will
enter into a Department of the Army Lease to Non-State Governmental Agencies for
Public Park and Recreation Purposes (the "New Master Lease"), which will cover
approximately 177.77 acres of land near and around Grapevine Lake (which 177.77 acres
are within the 797 acres leased under the Existing Master Lease). With respect to the
aforementioned 177.77 acres, the New Master Lease will amend and restate the Existing
Master Lease, and the Existing Master Lease will remain intact as to the remaining
approximately 619 acres.
C. Sublessor and Sublessee have entered into that certain Hotel/Convention
Center Sublease Agreement, dated May 16, 2000, which was amended and/or
supplemented by the following agreements: (i) Sublease Addendum Number 1, dated
July 28, 2000, (ii) Addendum to Hotel/Convention Center Sublease Agreement Survey
Exhibit "B", dated May 8, 2003, and (iii) Second Amendment to Hotel/Convention
Center Sublease Agreement, dated September 16, 2003 (such, sublease, as amended and
supplemented, is referred to herein as the "Sublease"). The Subleased Premises are
covered by and subject to the requirements, obligations, and conditions of the Existing
Master Lease, and shall be covered by and subject to the requirements, obligations and
conditions of the New Master Lease if and when it is entered into.
D. On September 12, 2007, Sublessor and Sublessee entered into that certain
Second Addendum to Convention Development and Marketing Agreement (the "Second
Addendum"), which provides for an expansion of the Gaylord Hotel and Resort, which
expansion includes (i) additional hotel rooms (the expanded hotel will contain a
minimum of 2,000 rooms), (ii)an expansion of the hotel and convention center resort(the
expanded resort will have at least 600,000 square feet of meeting and pre-function space),
(iii) approximately 750-1,100 additional parking spaces, and (iv) additional swimming
pool and other amenities (such expansion is collectively referred to hereinafter as the
"Expansion").
Page 1
E. A portion of the Expansion, particularly, the convention center expansion
and new swimming pool, will be situated on land which is not presently covered by the
Sublease. Accordingly, the parties desire to amend the Sublease to add the additional land
needed for the Expansion and to reflect additional rent and other terms as a result of such
additional land.
F. All legal prerequisites for the approval and execution of this Amendment
by the Sublessor have been met, including but not limited to, the requirements of the
Texas Open Meetings Act and the City Charter of Sublessor.
G. This Amendment and the Expansion are in the public interest due to (i)
enhancement of the use and enjoyment of Grapevine Lake by the public by the addition
of the comprehensive resort facilities described herein, (ii) increased jobs resulting from
the Expansion, (iii) increased property, hotel occupancy, and sales tax revenues to the
City of Grapevine, Tarrant County, the Grapevine/Colleyville Independent School
District ("GCISD"), and the State of Texas as a result of the Expansion, and (iv) the
Sublessor's agreement to use the rents from the additional land described herein to make
improvements to United States Army Corps of Engineers property on Grapevine Lake
and the amenities and infrastructure associated with such property.
NOW, THEREFORE, in consideration of the premises, the promises contained
herein, and $10.00 and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged and confessed, the parties agree as follows:
1. The recitals set forth above are agreed to be true and correct and are
hereby adopted for all purposes.
2. Prior to the effectiveness of this Amendment, the Subleased Premises (as
defined in Section 1.0 of the Sublease) consist of the land described on Exhibit "A"
attached hereto.
3. Section 1.0 of the Sublease is hereby amended such that (i) the land
described on Exhibit `B" attached hereto is removed from the Subleased Premises, and
(ii) the land described on Exhibit "C" attached hereto is added to the Subleased Premises.
4. Section 2.0 of the Sublease is deleted and is replaced and superseded by
the following:
Section 2.0. The term of this Sublease shall commence on the date
that, pursuant to Sublessee's request, Sublessor issues and delivers to
Sublessee the first building permit with respect to any Expansion
improvements located on land owned by the Master Lessor (the
"Commencement Date") and shall expire upon the expiration of the New
Master Lease, which shall have a 50 year term (such period is referred to
herein as the "Lease Term"). Additionally, Sublessor agrees to utilize its
Page 2
best efforts to obtain the renewal of the New Master Lease from time to
time, provided the Sublessee is not in default of the Sublease. Sublessor
shall initiate the renewal of the New Master Lease at least five (5) years
prior to the expiration of the then current term of the New Master Lease
and Sublessor shall keep Sublessee informed of the progress of such
renewal(s). The Existing Master Lease and New Master Lease are
incorporated herein by reference. Notwithstanding the foregoing, this
Sublease may be terminated by Sublessor upon the occurrence of any one,
or more, of the following events:
a. the occurrence of any one, or more, events of default as
provided for in Article XI which is not cured within any
applicable cure period: or
b. subject to the terms of Article XII, the relinquishment,
revocation or other earlier termination of the New Master
Lease.
5. Section 3.0 of the Sublease is deleted and is replaced and superseded by
the following:
Section 3.0. Upon the Commencement Date, Sublessee shall pay
Sublessor rent for the Subleased Premises in an amount equal to $4,530
per month, which amount shall remain in effect for the period during the
construction of the Expansion, and which amount represents all monetary
amounts owed by Sublessee under this Sublease for such period. Rent for
any partial month shall be prorated. Upon the first day of the month
following "Substantial Completion", the monthly rent shall increase to the
amount of $11,325 per month, which amount represents all monetary
amounts owed by Sublessee under this Sublease for such period until the
Adjustment Date. "Substantial Completion" shall mean the date on which
a certificate of occupancy has been issued for the expansion of the
convention center as contemplated herein.
The monthly and annual rent shall be adjusted every five (5) years,
commencing on the fifth anniversary of the first day of the month
following the Commencement Date (the "Adjustment Date"), based on the
change in the consumer price index for the preceding five year period and
each five years thereafter.
The adjustment in rent shall for each five year period shall be
determined according to the change in the Consumer Price Index for All
Urban Consumers (Current Index), U.S. City Average for "all items less
food and energy", as published by the Bureau of Labor Statistics, U.S.
Department of Labor, base period 1982-84 = 100 (such consumer price
index is referred to herein as the "CPI"). To further identify such
Page 3
consumer price index, the CPI for January 1997 is 167.5, and the CPI for
August 2007 is 211.111.
On the fifth anniversary of the Adjustment Date, and each five
years thereafter, the CPI for the month immediately preceding the
commencement of such five year period shall be compared to the CPI for
the last month of such five year period. If there is an increase in the CPI
for such period, the monthly rent in effect for the month immediately
preceding such five year period shall be increased by the same percentage
as the increase in the CPI for such period, and such increased rent shall
remain in effect for the ensuing five year period. The change in the CPI
shall be computed to the nearest one-hundredth of one percent (.01%).
However, in no event shall the rent increase by more than three percent
(3%) per annum, compounded annually, during any five year period. If
there is a decrease in the CPI for such five year period, the monthly rent
for the month immediately preceding such five year period shall be
decreased by the same percentage as the decrease in the CPI for such
period, and such reduced rent shall remain in effect for the ensuing five
year period. However, in no event shall the rent decrease by more than
three percent(3%)per annum, compounded annually, during any five year
period.
To illustrate the workings of this Section 3.0, the following
example shall apply: assume that the Commencement Date is June 10,
2008. In such case, the first Adjustment Date would be July 1, 2013 and
the rent provided for herein would be adjusted on July 1, 2013, by
comparing the CPI for June 2008 with the CPI for June 2013. Assume
that the CPI for June 2008 is 215.8 and the CPI for June 2013 is 247.4.
Using such assumptions, the CPI would have increased by 14.64%, and
therefore the monthly rent in effect as of July 2013 would increase by
14.64% to $12,982.98 ($11,325 X 1.1464) (this assumes that Substantial
Completion has occurred on or before the Adjustment Date). The next
change in rent would occur on July 1, 2018, based on the percentage
change in the CPI from June 2013 to June 2018, and such percentage
change would be applied to monthly rent of $12,982.98, with such
adjusted rent applicable for the period from July 1, 2018 through June 30,
2023.
If the U.S. government fails to publish the CPI used in this Section
3.0, then the consumer price index as issued and published by the U.S.
government which is most similar to the CPI set forth herein shall be used
in computing the change in the consumer price index for such period.
6. Section 4.0 of the Sublease is amended such that, in addition to the
permissible uses described therein, the Subleased Premises may also be used for (i)
swimming pool(s) and related poolside amenities, including food and beverage facilities,
Page 4
cabanas, tables/chairs, chaise lounges, etc., (ii) lakefront recreational areas, (iii) foot
trails, (iv) hiking trails, (v) courtesy boat docks/piers, (vi) outdoor recreational facilities
and meeting pavilions, and (vii)holiday attractions. Such uses are subject to the approval
of any required City of Grapevine zoning ordinance amendments and associated permits
as well as approval by the Corps of Engineers.
7. Immediately upon the execution and delivery of this Amendment, the
Sublessor shall use its best efforts to enter into the New Master Lease with a fifty (50)
year term. This obligation is effective immediately and is not conditioned upon the
conditions precedent set forth in paragraph 10 below.
8. Sublessor agrees that all rents received by Sublessor under this Sublease
shall be used to make improvements to United States Army Corps of Engineers property
on Grapevine Lake and the amenities and infrastructure associated with such property.
Sublessor shall provide the Corps with a description of such improvements, including the
cost of such improvements, on an annual basis, by no later than March 31 of each year
following Sublessor's receipt of rents under this Sublease.
9. Upon Sublessee's request, Sublessor will execute a memorandum of the
Sublease, as amended by this Amendment, suitable for recordation, which confirms the
Commencement Date, the expiration date of the term, a description of the Subleased
Premises, and such other terms as Sublessee may reasonably request, which Sublessee
may record in the real property records of Tarrant County, Texas.
10. Notwithstanding anything to the contrary contained herein, the
effectiveness of the amendments to the Sublease set forth in this Amendment (other than
the obligations in paragraph 7) is subject to the following conditions precedent: (i) the
approval of the US Army Corps of Engineers (which approval shall be deemed to have
been given if the Corps enters into the New Master Lease), (ii) Sublessee requesting and
obtaining a building permit with respect to any Expansion improvements located on land
owned by the Master Lessor (which condition shall be deemed satisfied or waived if
Sublessee enters into the memorandum of Sublease referred to in paragraph 9 of this
Amendment), and (iii) the written consent of any mortgagee that, as such time, holds a
lien against Sublessee's leasehold interest in any part of the Subleased Premises. If for
any reason the foregoing consents are not obtained or such conditions precedent are not
satisfied, this Amendment shall be of no force and effect, provided, that the Sublease,
without modification by this Amendment, shall remain in full force and effect.
11. This Amendment shall be binding upon and inure to the benefit of the
parties and their successors and assigns.
Page 5
THE CITY OF GRAPEVINE, TEXAS
By:
Bruno Rumbelow, City Manager
ATTEST:
Linda Huff, City Secretary
APPROVED AS TO FORM:
, Esq.
City Attorney
Page 6
CERTIFICATE
I, , certify that I am the City Secretary
of the City of Grapevine, Texas, named as a lessee herein; that Bruno Rumbelow, who
signed this lease on behalf of the City of Grapevine, Texas was then City Manager of the
City of Grapevine, Texas; and that said instrument was duly signed for and on behalf of
the City of Grapevine by authority of its governing body and is within the scope of its
legal powers.
Name:
Title: City Secretary
mfr:
Page 7
OPRYLAND HOTEL—TEXAS
LIMITED PARTNERSHIP,
a Delaware limited partnership
By: Opryland Hospitality, Inc.,
its General Partner
By:
Title:
ACKNOWLEDGEMENT:
STATE OF TENNESSEE
COUNTY OF
Before me, the undersigned, on this day personally appeared
of Opryland Hospitality, Inc., in its capacity as the
general partner of OPRYLAND HOTEL — TEXAS LIMITED PARTNERSHIP, a
Delaware limited partnership,proved to me through the presentation of a valid Tennessee
driver's license to be the person whose name is subscribed to the foregoing instrument
and acknowledged to me that he/she executed the same for the purposes and
consideration therein expressed. Mr./Ms. furthermore attested that
he/she is signing this agreement in his/her capacity as
of Opryland Hospitality, Inc., in its capacity as the general
partner of OPRYLAND HOTEL — TEXAS LIMITED PARTNERSHIP, a Delaware
limited partnership, and that such capacity makes his signature valid to bind the
partnership.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this_day of
2009.
(Notary Seal)
Notary Public in and for the State of
Tennessee
Print Name:
My Commission Expires:
Page 8
ACKNOWLEDGEMENT:
STATE OF TEXAS
COUNTY OF TARRANT
Before me, the undersigned, on this day personally appeared Bruno Rumbelow,
City Manager of the City of Grapevine, Texas,proved to me through the presentation of a
valid Texas driver's license to be the person whose name is subscribed to the foregoing
instrument and acknowledged to me that he executed the same for the purposes and
consideration therein expressed. Mr. Rumbelow furthermore attested that he is signing
this agreement in his capacity as the City Manager of the City of Grapevine, Texas, and
that such capacity makes his signature valid to bind the City of Grapevine, Texas.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this_day of
2009.
(Notary Seal)
Notary Public in and for the State of Texas
Print Name:
My Commission Expires:
J:\DOCS\8's Clients\8012-002 Gaylord Texan\AmendmenttoSubleasev26(5.6.09).doc
Page 9
EXHIBIT "A"
(legal description of Subleased Premises prior to this Amendment)
(See three pages attached hereto. The Subleased Premises (prior to this Amendment)
consist of the three cross-hatched areas shown on the third page attached hereto).
- PROPERTY DESCRIPTION-SUBLEASE AREA NO. 1
BEING a tract of land situated in the City of GRAPEVINE, TARR.ANT County, Texas and also being
a portion of a tract of land described in a deed to the UNITED STATES OF AMERICA (Tract No. A-
. 2A) recorded in Volume 2027, Page 163 Deed Records, TARRANT County, Texas, situated in the G.
F. MARTIN SURVEY ABSTRACT NO. 1003, said tract of land being more particularly described by
metes and bounds as follows:
BEGINNING at a 5/8-inch HUITT-ZOLLARS capped steel rod (control monument) in the centerline
of RUTH WALL ROAD (a variable width Right-Of-Way) being the most Southerly corner of
OPRYLAND ADDITION, an addition to the City of GRAPEVINE per Plat recorded in Cabinet A,
Slide 6120, Deed Records, TARRANT County, Texas, and also being on a Easterly line of a tract of
Iand described in a deed to the UNITED STATES OF AMERICA (Tract A-20) recorded in Volume
2397, Page 121, Deed Records, TARRANT County, Texas;
THENCE 'North 28 degrees 31 minutes 09 seconds East along the common line between said
OPRYLAND ADDITION and said UNITED STATES OF AMERICA tract (Tract No. A-2A), a
distance of 1548.30 feet to a point for corner from which a CORPS OF ENGINEERS concrete
monument with brass cap stamped A-45-1963 found (control monument) bears North 28 degrees 31
minutes 09 seconds East, 211.17 feet;
THENCE South 07 degrees 07 minutes 16 seconds West, a distance of 739.93 feet to a point for
corner;
THENCE South 45 degrees 57 minutes 32 seconds West, 900.78_feet to the POINT OF BEGINNING
and CONTAINING 208,991 square feet or 4.798 acres of land, more or less.
PROPERTY DESCRIPTION-SUBLEASE AREA NO. 2
BEING a tract of land situated in the City of GRAPEVINE, TARRANT County, Texas and also being
a portion of a tract of land described in a deed to the UNITED STATES OF AMERICA (Tract No. A-
2A) recorded in Volume 2027, Page 163, Deed Records TARRANT County, Texas, situated in the
G.F. MARTIN SURVEY ABSTRACT NO. 1003, said tract of land being more particularly described
by metes and bounds as follows:
BEGINNING at a 5/8-inch HUIITT-ZOLLARS capped steel rod (control monument)being an Easterly
corner of OPRYLAND'ADDITION,.an addition to the City of GRAPEVINE per Plat recorded in
Cabinet A, Slide 6120 Deed Records, TARRANT County, Texas and also being on a Westerly line of
said UNITED STATES OF AMERICA tract;
THENCE South 46 degrees 23 minutes 44 seconds East, a distance of 285.83 feet to a point for corner;
THENCE South 33 degrees 23 minutes 13 seconds East, a distance of 202.07 feet to a point for corner;
THENCE South 88 degrees 45 minutes 04 seconds West, at 16.59 feet a 5/8-inch HUITT-ZOLLARS
capped steel rod(control monument)being an Easterly corner of said OPRYLAND ADDITION, in all
a distance of 316.73 feet to a 5/8-inch HUITT-ZOLLARS capped steel rod being a Easterly corner of
said OPRYLAND ADDITION;
THENCE North 00 degrees 14 minutes 00 seconds West(Plat North 00 degrees 30 minutes 03 seconds
East) along the common line between said OPRYLAND ADDITION and said UNITED STATES OF
AMERICA tract, a distance of 372.76 feet to the POINT OP BEGINNING and CONTAINING 65,523
square feet or 1.504 acres of land, more or less.
PROPERTY DESCRIPTION-SUBLEASE AREA NO. 3
BEING a tract of land situated in the City of GRAPEVINE, TARRANT County Texas and also being a
portion of a tract of land described in a deed to the UNITED STATES OF AMERICA (Tract No. A-
2A) recorded in Volume 2027, Page 163 Deed Records, TARRANT County, Texas, situated in the A.
ANDERSON SURVEY, ABSTRACT NO. 26, said tract of land being more particularly described by
metes and bounds as follows:
BEGINNING.at a 1/2-inch steel rod found being the most Northerly Northeast corner of OPRYLAND
ADDITION, an addition to the City of GRAPEVINE per Plat recorded in Cabinet A, Slide 6120, Deed
Records TARRANT County,-Texas, and also being on a Westerly I ar-of-said tract No. A=- -; — — -
THENCE South 76 degrees 37 minutes 00 seconds West along the common line between said
OPRYLAND ADDITION and said UNITED STATES OF AMERICA tract, a distance of 168.68 feet
to a 5/8-inch HUITT-ZOLLARS capped steel rod.(control monument);
THENCE South-28 degrees 3-1 minutes 36 seconds West, at 115.85 feet a Northwesterly corner of said
OPRYLAND ADDITION, in all a distance of 147.38 feet to a point for corner;
THENCE North, a distance of 567.51 feet to a point for corner;
THENCE East, a distance of 343.83 feet to a point for corner;
THENCE South, a distance of 469.18 feet to a point for corner;
THENCE North 57 degrees 18 minutes 06 seconds West a distance of 129.94 feet to the POINT OF
BEGINNING and CONTAINING 151,528 square feet or 3.479 acres of land, more or less.
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EXHIBIT"B"
(legal description of land removed from Subleased Premises)
(see one page attached hereto)
EXHIBIT"B"
(legal description of land removed from Subleased Premises)
PROPERTY DESCRIPTION-SUBLEASE AREA NO. 3
•
• BEING a tract of land situated in the City of GRAPEVINE, TARRANT County Texas and also being a
portion of a tract of land described in a deed to the UNITED STATES OF AMERICA (Tract No. A-
2A) recorded in Volume-2027, Page 163 Deed Records, TARRANT County, Texas, situated in the A.
ANDERSON SURVEY, ABSTRACT NO. 26, said tract of land being more particularly described by
metes and bounds as follows:
BEGINNING at a 1/2-inch steel rod found being the most Northerly Northeast corner of OPRYLAND
ADDITION, an addition to the City of GRAPEVINE per Plat recorded in Cabinet A, Slide 6120, Deed
Records TARRANT County, Texas, and also being on a Westerly line of said tract No. A-2-A;
THENCE South 76 degrees 37 minutes 00 seconds West along the common line between said
OPRYLAND ADDITION and said UNITED STATES OF AMERICA tract, a distance of 168.68 feet
to a 5/8-inch HUITT-ZOLLARS capped steel rod(control monument);
THENCE South 28 degrees 31 minutes 36 seconds West, at 115.85 feet a Northwesterly corner of said
OPRYLAND ADDITION, in all a distance of 147.38 feet to a point for corner;
THENCE North, a distance of 567.51 feet to a point for corner;
THENCE East,'a distance of 343.83 feet to a point for corner;
• THENCE South, a distance of 469.18 feet to a point for corner;
THENCE North 57 degrees 18 minutes 06.seconds West a distance of 129.94 feet to the POINT OF
BEGINNING and CONTAINING 151,528 square feet or 3.479 acres of land, more or less.
EXHIBIT "C"
(legal description of land added to Subleased Premises)
(see 5 pages attached hereto)
LEGAL DESCRIPTION
for a 44.0 acre tract out of the
ANDREW W. ANDERSON SURVEY A-26,
SAMUEL FREEMAN SURVEY A-526,
ARCHIBALD F. LEONARD SURVEY A-946,
WILLIAM K. PAYNE SURVEYA-1003
GRAPEVINE, TARRANT COUNTY, TEXAS
Being all that certain tract, parcel, or lot of land out of the ANDREW W. ANDERSON SURVEY A-26, the
SAMUEL FREEMAN SURVEY A-526, the ARCHIBALD F.LEONARD SURVEY A-946 and the WILLIAM K.
PAYNE SURVEY A-1003 in the City of Grapevine, Tarrant County, Texas as described by deeds recorded in
all deed records of Tarrant County, Texas and more particularly described as follows:
TRACT 1:
BEGINNING at a Corps of Engineers Monument No. A-54 found for a re-entrant corner of Tract A-2-A and
having Texas Coordinate System, North Central Zone, 1983-2003 coordinates of x=2408764.11 and
y=7034502.82 feet; and also being a re-entrant corner of OPRYLAND ADDITION, an addition to the City of
Grapevine, Tarrant County, Texas according to the plat thereof recorded in Cabinet A, Slide 6121, Plat
Records of Tarrant County, Texas;
THENCE: with the line of OPRYLAND ADDITION, N 0°30'40"W, a distance of 573.92 feet to a five-eights
inch iron rod found for an angle point;
THENCE: continuing with the said addition line, N 28° 29'40"E, a distance of 115.91 feet to a five-eights
inch iron rod found for an angle point;
THENCE: continuing with the said addition line N 76°43'05"E, a distance of 168.81 feet to a one-half inch
iron rod found for a corner;
THENCE: continuing with the said addition line, S01°26'09"E a distance of 468.34 feet to a broken Corps of
Engineers monument found for a corner;
THENCE: continuing with the said addition line, N 89° 41'19"E, a distance of 303.56 feet to Corps of Engineers
Monument No.A-49 found for a corner;
THENCE: continuing with the said addition line, S 22°40'38"W, a distance of 637.52 feet to a five-eights inch iron
rod set for corner and having Texas Coordinate System North Central Zone 1983-2003 coordinates of x=2409048.19
and y=7034162.85 feet;
THENCE:leaving said addition line S46°23'44"E a distance of 285.39 feet to a point for corner;
THENCE:S33°23'13"E a distance of 202.07 feet to a point for corner;
THENCE:S89°40'03"W a distance of 16.62 feet to a five-eights inch iron rod found for corner on the
OPRYLAND ADDITION line;
THENCE:continuing along said addition line S34°15'54"E a distance of 490.88 feet to a point;
THENCE:continuing along said addition line S28°30'47"W a distance of 211.21 feet to an angle and the beginning of
a lease line;;
THENCE:leaving said addition line S07°07'16"W a distance of 739.89 feet to an angle point for corner;
THENCE:S45°57'32"W a distance of 761.13 feet to a point for corner;
THENCE:leaving the lease line, S38°28'13"E a distance of 383.88 feet to a point for corner on the 535 contour line
for Lake Grapevine;
THENCE:with the 535 contour line for Lake Grapevine, the following bearings and distances, to wit:
N 43°36'00"E, 20.10 feet to a point for corner;
N 83°58'00"E, 71.30 feet to a point for corner;
N 75°06'00"E, 63.20 feet to a point for corner;
N 49°02'00"E, 70.80 feet to a point for corner;
N 60°35'00"E, 163.60 feet to a point for comer,.
N 22°59'00"E, 48.80 feet to a point for corner;
N 22°43'00"W, 64.40 feet to a point for corner;
N 05°46'00"E, 81.30 feet to a point for corner;
N 20°46'00"W, 27.50 feet to a point for corner;
N 45°09'00"E, 60.70 feet to a point for corner;
N 43°58'00"E, 29.80 feet to a point for corner;
N 44°20'00"E, 38.40 feet to a point for corner;
N 33°18'00"E, 153.50 feet to a point for comer;
N 49°10'00"E, 223.60 feet to a point for comer;
N 68°47'00"W, 89.40 feet to a point for corner;
S73°19'00"W, 92.60 feet to a point for corner;
N 58°49'00"W, 49.60 feet to a point for corner;
N 17°22'00"E, 142.80 feet to a point for corner;
N 02°48'00"E, 268.60 feet to a point for corner;
N 16°00'00"W 99.80 feet to a point for corner;
N 22°06'00"E, 208.40 feet to a point for corner;
N 12°14'00"E, 147.30 feet to a point for corner;
N 37°00'00"E, 230.60 feet to a point for corner,
N 32°47'00"W, 104.00 feet to a point for corner;
N 21°41'57"W, 353.55 feet to a point for corner;
N 08°52'00"E, 174.70 feet to a point for corner;
N 44°30'00"W, 297.50 feet to a point for corner;
N 13°17'00"14% 8790 feet to a point for corner;
N 04°18'00"E, 222.20 feet to a point for corner;
N 21°20'00"W, 125.50 feet to a point for corner;
N 24°06'00"W, 159.10 feet to a point for corner;
N 28°14'00"W 255.60 feet to a point for corner;
N 52°54'00"W, 92.20 feet to a point for corner;
N 02°21'00"W, 99.00 feet to a point for corner;
S 83°57'00"W, 113.00 feet to a point for corner;
N 45°36'00"W, 78.00 feet to a point for corner;
N 62°53'00"W, 55.50 feet to a point for corner;
S 72°30'00"W, 146.20 feet to a point for corner;
S 39°15'00"W, 145.40 feet to a point for corner,.
S 14°14'00"W, 127.70 feet to a point for corner;
S 31°36'00"W, 117.10 feet to a point for corner;
S 51°11'00"W, 59.40 feet to a point for corner;
S 54°13'00"W, 109.80 feet to a point for corner;
S 61°31'00"W, 56.00 feet to a point for corner;
S 52°27'00"W, 91.10 feet to a point for corner;
S 39°50'00"W, 52.70 feet to a point for corner;
S 58°21'00"W, 66.00 feet to a point for corner;
S 62°10'00"W, 75.60 feet to a point for corner;
S 57°57'00"W, 89.70 feet to a point for corner;
S 38°13'00"W, 66.20 feet to a point for corner;
S 14°30'00"E, 38.00 feet to a point for corner;
S 30°20'00"W 76.60 feet to a point for corner;
S 01°57'00"W, 115.00 feet to a point for corner;
S 47°54'00"W, 30.10 feet to a point for corner;;
S 17°09'00"E, 59.70 feet to a point for corner;
S 18°37'00"W, 90.40 feet to a point for corner;
S 14°20'00"W, 87.00 feet to a point for corner;
S 40°09'00"W, 95.00 feet to a point for corner;
THENCE:leaving the 535 contour line for Lake Grapevine, S 00°20'44"E, a distance of 208.5 feet to a point
for corner with the east edge of pavement of Katie's Woods Road;
THENCE:continuing with the east edge of pavement of said Katie's Woods Road, S 06°43'34"E, a distance
of 335.90 feet to a point for corner; Asomott
THENCE:, S 14°30'25"E, a distance of 56.53 feet to a point for corner;
THENCE: continuing with the east edge of pavement of said Katie's Woods Road along a curve to the left
having a radius of 601.98 feet, a central angle of 08°41'32", and a chord bearing of S 22°46'58"E, a distance
of 91.33 feet to a point for corner;
THENCE:S 27°39'51"E, a distance of 78.70 feet to a point for corner;
THENCE: continuing with the east edge of pavement of said Katie's Woods Road along a curve to the left
having a radius of 114.00 feet, a central angle of 37°2148", and a chord bearing of S 49°31'44"E, a distance
of 74.34 feet to a point for corner;
THENCE:continuing with the east edge of pavement of said Katie's Woods Road along a curve to the right
having a radius of 600.00 feet, a central angle of 10°55'04", and a chord bearing of N 62°49'55" W, a
distance of 114.33 feet to a point for corner,.
THENCE: continuing with the east edge of pavement of said Katie's Woods Road along a curve to the left
having a radius of 200.06 feet, a central angle of 21°12'44", and a chord bearing of N 45°23'22" W, a
distance of 74.07 feet to a point for comer,.
THENCE:continuing with the edge of pavement of Katie's Woods Road, S 62°22'43"E, a distance of 5.58
feet to a point for corner;a five-eights inch iron rod bears S 03°37 W, 258.5 feet;a five-eights inch iron rod
set bears S 39° 10'E, 23.4 feet;a five-eights inch iron rod bears N 16° 18'W, 30.8 feet;
THENCE: with the west line of OPRYLAND ADDITION, N 03°36'57"E, a distance of 1156.16 feet to a five-
eights inch iron rod found for an angle point;
THENCE: with the said addition line, N 08° 33'00"E, a distance of 119.43 feet to a five-eights inch iron rod
found for an angle point;
THENCE:continuing with the said addition line, N 24°06'04"E, a distance of 187.15 feet to a five-eights inch
iron rod found for a corner;
THENCE: with the westerly north line of OPRYLAND ADDITION, N 85°54'39"E, a distance of 294.25 feet
to the place of beginning and containing 39.8 acres of land more or less of said tract 1 as surveyed by jnj rpls
during the months of December 2007 and January 2008. Bearings, distances, coordinates shown hereon are
grid per the Texas Coordinate System, North Central Zone 1983-2003 datum. To obtain surface distance,
multiply by 1.00014888. Areas shown are surface
TRACT 2:
BEGINNING again at a point on the 535 contour line for Lake Grapevine and having Texas Coordinate
System, North Central Zone coordinates of x=2409705.32 and y=7034025.77, 639.47 feet S07°09'07" W
from Corps Monument A-45;
THENCE:with the 535 contour line for Lake Grapevine, the following bearings and distances, to wit:
N44°30'00"W, 297.50 feet to a point for corner;
N13°17'00"W, 87.90 feet to a point for corner;
N04°18'00"E, 222.20 feet to a point for corner;
N21°20'00"W, 125.50 feet to a point for corner;
N24°06'00"W, 159.10 feet to a point for corner;
N28°14'00"W, 255.60 feet to a point for corner,
N52°54'00"W, 92.20 feet to a point for corner;
NO2°21'00"W, 99.00 feet to a point for corner;
THENCE:leaving the 535 contour line for Lake Grapevine, the following bearings and distances, to wit:
S 64°25'07"E, 155.79 feet to a point for corner;
S 54°52'04"E, 90.34 feet to a point for corner;
S 47°00'11"E, 120.41 feet to a point for corner;
S 27°45'12"E, 224.49 feet to a point for corner;
S 15°31'51"E, 244.77 feet to a point for corner;
S 02°55'30"W, 150.00 feet to a point for corner;
THENCE: S08°31'39"E a distance of 379.70 feet to The place of beginning, containing 4.2 acres of land more or
less of said tract 2 as surveyed by jnj rpls during the months of December 2007 and January 2008. Bearings,
distances, coordinates shown hereon are grid per the Texas Coordinate System, North Central Zone 1983-2003
datum. To obtain surface distance, multiply by 1.00014888.Areas shown are surface
LINE TABLE 1 <3?
LINE LENGTH BEARING I ��+C i
LI 513.92 N00'30401W
L2 115.91 N28'29'401' 51
L3 168.81 N76'43'05E L5? �c�
C L49 ':_
L4 468.34 SO t'26'09E t
1,43 L3 P 48?L5 303.56 P489'41'19 E �. �, '�c'� // (d
L6 637.52 S22'40'3819 , I ✓/ /
L7 285.39 S46'23'44T Tai; „ �, a
L8 202.07 533'23'1.3"E V„, ���,,,,,,,,, -
L9 16.62 589.40'03"W ���'� L55 // / 1 j,� , �j/,,
LW 490.88 534'75'54E ,1`' L56 i 1 1/. /,,� /'i,
L11 211.21
cIIi• v'9 .`�1}E '• L64 ,,�/"�/. //.:/: ` i' ' / /�/J Y
L18 70.80 N49'02'001' /i' / j ,� i t j/ / / //i//n
L19 163.60 N60'35.00 E : 665 ///// i i J / ///�, ..•',.>
L20 48.80 N22'S9'00"E f L66 / /z I"'-- ''",,,;, v ��i/. J 2/77,„ %J
L27 64.40 N22'43'00"W ' L67 /// 7/./ / j I - ° /// � /. F <
L22 81.30 NOS 46'00 E /� ,._, L, s //, 'i ,';
L23 27.50 N20'46'00"W L68 •�// Q i' ‘, //��� %i.:r
L24 60.70 N45-09'00"E 4 /, j - ,,/' J/"'�� i m
L25 29.80 N43'S8'00"E L69 j/`��/��, / �� i /�;�/� � G °°
L26 38.40 N44'20'00"E L70 :<�//�// I '_ /i Ai/- ; / v`2ii
L27 153.50 N33'18'00"E L71 / / /j, , .1/yam,: '/TRAbT't"
L28 223,60 N49'10'00"E /.2/ % i // \7:„..7,..)9 ,C
L29 89.40 N68'47'001W / .//�i I ) • \ /�� '%';':-;/'
L30 92.60 573'19'00"W / i/// / r 7 , \ *..../.://:////"// / /;
i / , l _ POINT OF BEGINING
L31 49.60 N58'49'00"W /.„;// �, ii�, - 1 �J/; //�/,„/ TRACT 2
L32 142.80 N7T22'00 E ¢p,/ / / i ' t 1 /:// 7 /- X=2409705.32
L33 268.60 NO2'48'00 E J<J/�"// / !1 '. �� y (O /�,- Y=7034025.77
L34 99.80 N16'00'00"N' :��/2 j/`,r
L35 208.40 N22'06'00 E 2"',/.7% /��/ t r � � :•::',22/0
L36 147.30 N12'14'00E ,./' /� '- ,i 1, �j
L37 230.60 N3T00'00 E ./ �/ /�' L ( 1- -t� r'i'. `/,\, ;,l '...,/,,,,r., ,../
L38 104.00 N32'47'OO1V -' ;//. I \!t-1 k.J4., ///. N"\ 1 , // /',
L.39 353.55 N21'41'S7"W //, i / / ._... ... _.._.f \'� -, ,/! J, -ct,
/ ,/
L40 174.70 NO8'52'00"E ., ° CORPS MONUMENT %�
L41 297.50 N44'30'00"W f,'/// //, I OPRYIAND ADDITION A7'.'5 .�\//,,%
L42 67.90 N13'1T001Y /j��/�; CAB.A SLIDE 6120 \\� \ 1 �/ / ,1'
( 0R.T.C.T. r" ;, ".
L43 222.20 NO4'18b0 E L75 //%// 7 - _52,2,5 AC TRACT '
L44 125.50 N21'20'OO1Y ""` 61 2,:-,',2/::,.!/./ i d'` I- ?' ,/„,,,,./.
L45 159.10 N24'06'00"W , / / ' l, i jj j G 0
L46 255.60 N26'14'00"W L76 i• \\ { ��'111
L47 92.20 N52'54'00"W C2' Lj\ \,•c\ ! \ 1 1 1 •,,, /////
L48 99.00 NO2'21'00"W '1C3 \,t / \ 1 ,y
L49 113.00 S83'57'00"W C' `t '� ' - \ T 1-1',/:/.,:
L50 78.00 N45'36'00"W L77 j �\ \s,' \,/\ .,'',.,,,.\,/"' L t
•L5 1 55.50 N62'53'00"W I \@
L52 146.20 572'30'OO"W /Pit, '� i 1\ \ > �,�/ i
L53 145.40 539'l5'00"W : ,i / \ ,\ ' / - „•/;2 / ;
E54 127.70 514'14'00''W `I / \; ,p, " '%
1 /
L55 117.10 5'31'36'00"W '.0
L56 59.40 S5 I'11'00"W `e'.0\\ \ \ ���\ j
L57 109.80 554'13'00"W S' I \\\ (\,'.\\ •.,\ ,I i "c i
L58 56.00 S61'31'001W �\ _ t ;2,./ �r.L59 91.10 S52'27'00"W \\\\' \fir�\\ I '� / /'
L60 52.70 S39'50'00"W \\ \�\\\ r� \j 131 L61 66.00 558'21'00"W - '.., / \ j/ +O (2 L62 75.60 562'10'00"W \, Ti, 9
L63 89.70 557'57'00'W \VAv. ') ` 51 '/ /i�// /i\\ I ' 7 L64 66.20 53B'13'001Y J +� z/1-`�
L65 38.00 514'30'00"E `\ti\(�' ,,,$' .///%
L66 76.60 530'20'00"W V.i J/•,/ it , /X//
L67 115.00 501'57'00"W s' /j//-/j._4 �..,
L68 30.10 S4T54'00"W 1,k ,,I,::7//////j x',�9v, `
L69 59.70 317'09'00"E 1 L70 90.40 518'3T00"W L71 87.00 fr//f % 4
L72 95.00 J. \//..o ,,
L73 208.5 500'20'44E
1/.i //� `// ;% ) \\
L74 335.90 506'43'34 E :7 /'/ '''.A. , \‘'.`..\'•
�
5 L75 56.53 514'30'25"E 1 ; ' j„ %, ,
1 L76 78.70 S2T39'51 E I 7/ . i,.., •:
L77 5.58 562'22'43 E i I '4'
X L78 1156.16 NO3'36'57 E ' 1 L15 17 llii i;s.
L79 119.43 N08'33'00 E ,!
L80 187.75 N24'06'04"E
L81 294.25 N85'54'39.E '?"
L83 90.34 554'52'04 E ,ti,T,,l�
iL84 0; E
L85 224.49 120.41 54T0 527'45'11 12T
L86 244.77 515'31'51.E
L
87 150.00 50255:301W GAYLORD
L88 379.70 508'31'39 E LEASE BOUNDARY
CURVE TABLE ( GAYLORD TEXAN
R CURVE LENGTH RADIUS DELTA CHORD CH BEARING l GAS '
'3pF Cl 91.33 601.98 8'41'32" 91.24 52746'58"E SCALE: t" = 300'
I C2 74.34 114.00 37'2746' 73.03 549'31'44"E 0 150 300 600 '`
[f,7� C3 114.33 600.00 10'55'04` 114.16 N6749'5519
I C4 74.07 200.06 21'12'44" 73.64 N45'23'22 1Y m 3 m "*r r o..���N
F46ruury 25, 2009 ^"=u,»>b->000 r.a,+wer,aa
A