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Home My WebLink AboutORD 1998-140 �£ � � /� . e.7'. /� r t� , �) :x_ � / -; � ORDINANCE NO. 98-140 � � >_.. :� � �_ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS DESIGNATING A CERTAIN AREA AS `��i TAX INCREMENT FINANCING REINVESTMENT ZONE `°k� NUMBER TWO, CITY OF GRAPEVINE, TEXAS, �� ESTABLISHING A BOARD OF DIRECTORS FOR SUCH `��` REINVESTMENT ZONE AND OTHER MATTERS RELATING ��;F= THERETO; PROVIDING A CLAUSE RELATING TO '°°a�° SEVERABILITY; DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City Council of the City of Grapevine, Texas (the "City"), desires to promote the development of a certain contiguous geographic area (the Opryland Hotel/Grapevine Middle School area) within its jurisdiction by the creation of a reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code, Vernon's Texas Codes Annotated (the "Act"); and WHEREAS, in compliance with the Act, the City has called a public hearing to hear public comments on the creation of the proposed reinvestment zone and its benefits to the City and the property in the proposed reinvestment zone; and � �P WHEREAS, in compliance with the Act, notice of such public hearing was published in the Fort Worth Star Telegram, a daily paper of general circulation in the City, such publication date being not later than seven (7) days prior to the date of the public hearing; and WHEREAS, such hearing was convened at the time and place mentioned in the published notice, to wit, on the 8th day of December, 1998 at 7:30 p.m., in the Council Chamber of the City of Grapevine, Texas, which hearing was then closed; and WHEREAS, the City, at such hearing, invited any interested person, or his attorney, to appear and contend for or against the creation of the reinvestment zone, the boundaries of the proposed reinvestment zone, whether all or part of the territory which is described by the metes and bounds description attached hereto as "Exhibit "A" and depicted in the map attached hereto as Exhibit "B" should be included in such proposed reinvestment zone, the concept of tax increment financing and the appointment of a board of directors for the proposed reinvestment zone; and WHEREAS, all owners of property located within the proposed reinvestment zone and all other taxing units and other interested persons were given the opportunity at such ��.� public hearing to protest the creation of the proposed reinvestment zone and/or the inclusion of their property in such reinvestment zone; and �_.:..�. �� ,! f� WHEREAS, the proponents of the reinvestment zone offered evidence, both oral ,:�.. , 3 � and documentary, in favor of all of the foregoing matters relating to the creation of the ;-: '� reinvestment zone, and opponents, if any, of the reinvestment zone appeared to contest =�`��' creation of the reinvestment zone. � NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY ;`f. �„' OF GRAPEVINE, TEXAS: � Section 1. That the facts and recitations contained in the preamble of this �_ ordinance are hereby found and declared to be true and correct. - Section 2. That the City Council, after conducting such hearing and having heard such evidence and testimony, has made the following findings and determinations based on the evidence and testimony presented to it: (a) That the public hearing on adoption of the reinvestment zone has been properly called, held and conducted and that notice of such hearing has been published as required by law and delivered to all taxing units overlapping the territory inside the proposed reinvestment zone. (b) That creation of the proposed reinvestment zone with boundaries as described in Exhibits "A" and "B" will result in benefits to the City, its ` residents and property owners, in general, and to the property, residents and property owners in the reinvestment zone. �.� (c) That the reinvestment zone, as defined in Exhibits "A" and "B", meets the criteria for the creation of a reinvestment zone set forth in the Act in that: (1) It is a contiguous geographic area located wholly within the corporate limits of the City. (2) The area impairs the sound growth of the City in its present condition and because the area is predominately open and because of obsolete platting or deterioration of structures or site improvements and other factors. (d) That 10 percent or less of the property in the proposed reinvestment zone, excluding property dedicated to public use, is used for residential purposes, which is defined in the act as any property occupied by a house which has less than five living units. (e) That the total appraised value of all taxable real property in the proposed reinvestment zone according to the most recent appraisal rolls of the City, , together with the total appraised value of taxable real property in all other existing reinvestment zones within the City, according to the most recent �n,, appraisal rolls of the City, does not exceed 15 percent of the current total ORD. NO. 98-�40 2 � _�°'. .� appraised value of taxable real property in the City and in the industrial �',��,�p,.' .. � districts created by the City, if any. � , ` �y � (fl That the proposed reinvestment zone does not contain more than 15 ;"o percent of the total appraised value of real property taxable by a county or ` school district. -: (g) That the improvements in the reinvestment zone will significantly enhance ' the value of all taxable real properly in the reinvestment zone and will be of _ general benefit to the City. '"' (h) That the development or redevelopment of the p�operty in the proposed reinvestment zone will not occur solety through private investment in the reasonably foreseeable future. Section 3. That the City hereby creates a reinvestment zone over the area described by the metes and bounds in Exhibit "A" attached hereto and depicted in the map attached hereto as Exhibit "B" and such reinvestment zone shall hereafter be identified as Tax Increment Financing Reinvestment Zone Number Two, City of Grapevine, Texas (the "Zone" or "Reinvestment Zone"). Section 4. That there is hereby established a board of directors for the Zone ° which shall consist of nine (9) members. The board of directors of Tax Increment Financing Reinvestment Zone Number One shall be appointed as follows: (a) Five members shall be appointed by the City Council, and each of the governing bodies of the following taxing units which levies taxes on real property in the Zone (Tarrant County, Tarrant County Hospital District, Grapevine-Colleyville Independent School District and Tarrant County Community College District) may each appoint one (1) member to the board; provided, however, that if a taxing unit waives its right to appoint a member of the board, the City may appoint such member instead. The initial board of directors shall be appointed by resolution of the governing bodies of the City and the taxing units as provided herein within sixty (60) days of the passage of this ordinance or within a reasonable time thereafter. All members appointed to the board shall meet eligibility requirements as set forth in the Act. (b) The terms of the board members shall be for two year terms. The City Council shall designate a member of the board to serve as chairman of the board of directors, and the board shall elect from its members a vice chairman and other officers as it sees fit. �:� ORD. NO. 98-140 3 � n�. ;:;;�:..5 .� � (c) The board of directors shall make recommendations to the City Council concerning the administration of the Zone. It shall prepare and adopt a '��"� `� project plan and reinvestment zone financing plan for the Zone and must � submit such plans to the City Council for its approval. The board of ';p� directors shall possess all powers necessary to prepare, implement and monitor such project plans for the reinvestment zone as the City Council considers advisable, including the submission of an annual report on the „ status of the Zone. - Section 5. That the Zone shall take effect on January 1, 1999, and that the '��` termination of the Zone shall occur on December 31, 2030, or at an earlier time designated by subsequent ordinance of the City Council in the event the City determines that the Zone should be terminated due to insu�cient private investment, accelerated private investment or other good cause, or at such time as all project costs and tax increment bonds, if any, and the interest thereon, have been paid in full. Section 6. That the Tax Increment Base for the Zone, which is the total appraised value of all taxable real property located in the Zone, is to be determined as of January 1, 1998, the year in which the Zone was designated a reinvestment zone. Section 7. That there is hereby created and established a Tax Increment Fund for the Zone which may be divided into such subaccounts as may be authorized by subsequent resolution or ordinance, into which all Tax Increments, less any of the • � amounts not required to be paid into the Tax Increment Fund pursuant to the Act, are to be deposited. The Tax Increment Fund and any subaccounts are to be maintained in an account at the City Treasurer's affiliated depository bank of the City and shall be secured in the manner prescribed by law of Texas cities. In addition, all revenues from the sale of any tax increment bonds and notes hereafter issued by the City, revenues from the sale of any property acquired as part of the tax increment financing plan and other revenues to be dedicated to and used in the Zone shall be deposited into such fund or subaccount from which money will be disbursed to pay project costs for the Zone or to satisfy the claims of holders of tax increment bonds or notes issued for the Zone. Section 8. That if any section, paragraph, clause or provision of this ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this ordinance. Section 9. The fact that the present ordinances and regulations of the City of Grapevine, Texas are inadequate to properly safeguard the health, safety, morals, peace and general welfare of the inhabitants of the City of Grapevine, Texas, creates an emergency for the immediate preservation of the public business, property, health, safety �� and general welfare of the public which requires that this ordinance shall become effective from and after the date of its passage, and it is accordingly so ordained. �� ORD. NO. 9s-�4o 4 _ ; j ;`€; � �,.��'�:-.,:..., Jr- � PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF � y. GRAPEVINE, TEXAS on this the 8th day of December, 1998. =��;� �f ^.'^:I APPROVED: �9 :,_f �'° William D. Tate Mayor ATTEST: ind Huff City Secretary �°� APPROVED AS TO FORM: �, John F. Boyle, Jr. City Attorney <�.;:4 ,�n� ORD. N0. 98-140 5 - EXHIBIT A ��c�i��r,�.� �o ��,� ��-�� -_: � DESCRIPTION �3�� -1- �� :r_: � OF ��t-~� -� TIF DISTRICT BOUNDARY � �; � ��,� �= BEING A 121.817 ACRE TRACT OF LAND SITUATED IN THE G.F. MARTIN SURVEY, A-1003,A. ANDERSON SURVEY, A-26, W.P. HERRING SURVEY,A-664, W.K. PAYNE - SURVEY, A-1211, SAMUEL FREEMAN SURVEY,A-526,A.F. LEONARD SURVEY, A- `�� 946,T. MAHAN SURVEY, A-1050, CITY OF GRAPEVINE,TA,RR.ANT COUNTY, TEXAS �� AND BEING ALL OF A 52.254 ACRE TRACT OF LAND DESCRIBED IN DEED TO BAJA DEVELOPMENT CORPORATION RECORDED IN VOLUME 11236,PAGE 937 OF THE DEED RECORDS OF TA,RRANT COUNTY,TEXAS (D.R.T.C.T.),ALL OF A 20.566 ACRE �- TRACT CONVEYED TO GRAPEVINE-COLLEYVILLE INDEPENDENT SCHOOL . DISTRICT BY DEED RECORDED UNDER COUNTY CLERK'S FILE N0. D198190528 D.R.T.C.T., AND BEING A PORTION OF THE FOLLOWING TRACTS OF LAND: THE UNITED STATES OF AMERICA CORPS OF ENGINEERS TR.ACT NO. A-2A RECORDED IN VOLUME 2026, PAGE 163 D.R.T.C.T., A 28.6448 ACRE TRACT OF LAND CONVEYED TO R. TED ENLOE BY DEED RECORDED IN VOLUME 6948, PAGE 1618 D.R.T.C.T.,THE RIGHT-OF-WAY OF STATE HIGHWAY NO. 26, A 29.896 ACRE TRACT CONVEYED TO ROBERT W. BRUNSON AND KATHLEEN A. BRUNSON BY DEED RECORDED IN VOLUME 11114, PAGE 1113 D.R.T.C.T., LOT 8, WATSON ADDITION AS RECORDED IN VOL. 388-9, PAGE 55 D.R.T.C.T., LOT 7, WATSON ADDITION CONVEYED TO JIMMY DEAN GREMMINGER BY DEED RECORDED UNDER COUNTY � CLERK'S FILE NO. D197177651 D.R.T.C.T., A 0.991 ACRES TRACT DESCRIBED IN AFFIDAVIT RECORDED UNDER COUNTY CLERK'S FILE NO. D198253252 D.R.T.C.T., j` `$$ A 463.63 SQUARE FOOT TRACT OF LAND CONVEYED TO THE STATE OF TEXAS BY DEED RECORDED LJNDER COLJNTY CLERK'S FILE NO. D197099180 D.R.T.C.T., TR.ACT 5 CONVEYED TO TRINITY/TARRANT PARTNERS, LTD BY DEED RECORDED UNDER COUNTY CLERK'S FILE NO. D197128889 D.R.T.C.T., TURNER ROAD RIGHT- OF-WAY, LOT 1, BLOCK 1 COBBLESTONE VILLAGE ADDITION DESCRIBED IN DEED RECORDED IN VOLUME 0166, PAGE 51 D.R.T.C.T.,TRACT 2 CONVEYED TO CATHERINE VERBURG BY DEED RECORDED IN VOLUME 11393, PAGE 0691, D.R.T.C.T.,TRACT A CONVEYED TO CAPITOL CONCEPTS PROPERTIES 82-2 BY DEED RECORDED IN VOLUME 83016, PAGE 2529 D.R.T.C.T., VVILDWOOD L�NE, A 0.288 ACRE TRACT CONVEYED TO RICHARD E. WALTHER AND WIFE VIOLA E. WALTHER BY DEED RECORDED IN VOLUME 8287,PAGE 823 D.R.T.C.T., THE UNITED STATES OF AMERICA CORPS OF ENGINEERS TRACT NO. A-20 RECORDED IN VOLUME 2397, PAGE 121 D.R.T.C.T. AND THE UNITED STATES OF AMERICA CORPS OF ENGINEERS TR.ACT NO. A-22A RECORDED IN VOLUME 2296, PAGE 472 D.R.T.C.T.. BEARINGS ARE NAD-83 GRID, TEXAS NORTH CENTRAL ZONE, BASED ON GPS OBSERVATIONS OF THE CITY OF GRAPEVINE HORIZONTAL CONTROL MONUMENTS N0. 1,NO. 2,NO. 5 AND NO. 7. SAID 121.817 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METE� AND BOUNDS AS FOLLOWS: PAGE 1 OF 7 I:�.SUR�98220901�.SDATA\TIF.FNS �-�-..� December 2,1998 '�: / °�: � BEGINNING AT CORPS MONUMENT W/BRASS CAP STAMPED "A 54-1963" FOUND ''�`"" � I�tiARK1NG THE NORTHWESTERLY INTERIOR CORNER OF SAID 52.254 ACRE - � TRACT, COMMON WITH AN EXTERIOR CORNER OF SAID CORPS TRACT NO. A-2A ``�`' � � AND BEING ON THE APPROXIMATE WEST LINE OF THE SAID G.F. MARTIN -- SURVEY, COMMON WITH THE EAST LINE OF THE SAID SAMUEL FREEMAN - SURVEY; �z� THENCE WITH THE COMMON LINES OF SAID 52.254 ACRE TRACT AND SAID TRACT _� NO. A-2A THE FOLLOWING CALLS: ;��, N 00°29'S3" W,A DISTANCE OF 574.09 FEET TO A POINT FOR CORNER; N 28°31'45" E,A DISTANCE OF 115.85 FEET TO A POINT FOR CORNER; N 76°37'11" E,A DISTANCE OF 168.68 FEET TO A 1/2" IRON ROD FOUND; S O1°26'40" E,A DISTANCE OF 468.47 FEET TO A CORPS MONUMENT W/PK NAIL FOUND; N 89°43'23" E,A DISTANCE OF 303.81 FEET TO A CORPS MONUMENT W/ BRASS CAP STAMPED "A 49-1963" FOLJND; � THENCE S 13°42'S5" E, CROSSING SAID TR.ACT N0.A-2A,A DISTANCE OF 1399.88 FEET TO A CORPS MONUMENT W/BR.ASS CAP STAMPED "A 46-1963" FOUND; THENCE CROSSING SAID CORPS TRACT NO. A-2A AND SAID 28.6448 ACRE TR.ACT THE FOLLOWING CALLS: S O1°45'S1" W,A DISTANCE OF 950.24 FEET TO A POINT FOR CORNER; S 36°54'S7" E,A DISTANCE OF 655.56 FEET TO A POINT FOR CORNER; S 11°47'23" W,A DISTANCE OF 128.35 FEET TO A POINT FOR CORNER; S 13°24'S8" E, A DISTANCE OF 537.43 FEET TO A POINT FOR CORNER; S 34°07'00" E,A DISTANCE OF 243.33 FEET TO A POINT FOR CORNER; ALONG A CURVE TO THE RIGHT HAVING A R.ADIUS OF 600.00 FEET, A DELTA ANGLE OF 34 43 12 ,A LONG CHORD THAT BEARS S 17°56'33" E, A o � �� DISTANGE OF 358.05 FEET,AN ARC DISTANCE OF 363.59 FEET TO A POINT FOR CORNER; . ..�,.R � PAGE 2 OF 7 I:1SUR�982209011SDATA\TIF.FNS EXHIBIT� TO 1�'� December 2,1998 Page of .�.— -= � 1 - 3 S 00°34'S5" E,A DISTANCE OF 221.43 FEET TO A POINT FOR CORNER; � � ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 550.00 FEET,A DELTA C�� ANGLE OF 46°51'17",A LONG CHORD THAT BEARS S 24°00'34" E,A � DISTANCE OF 437.34 FEET,AN ARC DISTANCE OF 449.77 FEET TO A POINT -- FOR CORNER; �f� S 47°26'03" E,A DISTANCE OF 48.94 FEET TO A POINT FOR CORNER IN THE - - EXISTING RIGHT-OF-WAY OF STATE HIGHWAY NO. 26; THENCE ON OVER AND ACROSS SAID STATE HIGHWAY NO. 26 THE FOLLOWING � CALLS: N 42°21'OS" E, A DISTANCE OF 672.90 FEET TO A POINT FOR CORNER FROM WHICH A 1/2" CAPPED IRON ROD FOUND MARKED RLG BEARS N 37°21' W 23.1 FEET; S 47°40'S0" E,A DISTANCE OF 101.38 FEET TO A POINT FOR CORNER ON THE SOUTHEAST SIDE OF STATE HIGHWAY NO. 26; S 42°25'S7" W,A DISTANCE OF 1391.77 FEET TO A POINT FOR CORNER ON THE SOUTHEAST SIDE OF STATE HIGHWAY NO. 26; N 47°39'07" W, A DISTANCE OF 99.41 FEET TO A POINT FOR CORNER FROM � WHICH A 1/2"CAPPED IRON ROD FOUND MARKED RLG BEARS N 04°32' W 31.6 FEET; N 42°21'OS" E,A DISTANCE OF 618.81 FEET TO A POINT FOR CORNER; THENCE CROSSING SAID 28.6448 ACRE TR.ACT AND SAID CORPS TRACT NO. A-2A THE FOLLOWING CALLS: N 47°25'37" W,A DISTANCE OF 49.31 FEET TO A PQINT FOR CORNER; ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 650.00 FEET, A DELTA ANGLE OF 46°51'14",A LONG CHORD THAT BEARS N 24°00'3 5" W,A DISTANCE OF 516.85 FEET,AN ARC DISTANCE OF 531.54 FEET TO A POINT FOR CORNER; N 00°34'S6" W,A DISTANCE OF 221.43 FEET TO A POINT FOR CORNER; PAGE 30F 7 E�y�B�j� j0 g-� I:�.SURU8220901�.SDATA\T'IF.FNS December2,1998 Page �._ Of � ��_ � ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 500.00 FEET,A DELTA ' `�� °� � ANGLE OF 34°43'15",A LONG CHORD THAT BEARS N 17°56'31" W,A ' DISTANCE OF 298.38 FEET,AN ARC DISTANCE OF 303.00 FEET TO A POINT � ::�°� `f FOR CORNER; - N 34°48'02" W, A DISTANCE OF 220.63 FEET TO A POINT FOR CORNER; N 28°38'12" W,A DISTANCE OF 379.27 FEET TO A POINT FOR CORNER; c:z;: `_ N 41°59'S7" W,A DISTANCE OF 744.79 FEET TO A POINT FOR CORNER; -= S 48°00'02" W,A DISTANCE OF 672.45 FEET TO A POINT FOR CORNER; THENCE S 00°31'49" E, ALSO CROSSING SAID 29.896 ACRE TRACT,A DISTANCE OF 3114.08 FEET A TO A POINT FOR CORNER IN STATE HIGHWAY NO. 26; THENCE ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 2149.19 FEET,A DELTA ANGLE OF 23°43'36",A LONG CHORD THAT BEARS S 76°21'S4" W,A DISTANCE OF 883.66 FEET, AN ARC DISTANCE OF 890.00 FEET TO A TO A POINT FOR CORNER IN STATE HIGHWAY NO. 26; THENCE S 89°23'S9" W, A DISTANCE OF 5295.16 FEET A TO A POINT FOR CORNER IN STATE HIGHWAY NO. 26; +r � THENCE N 00°26'S4" W, DEPARTING SAID HIGHWAY,A DISTANCE OF 347.33 FEET TO A"X" CUT FOUND MARKING AN INTERIOR CORNER OF SAID 20.566 ACRE SCHOOL DISTRICT TRACT; THENCE WITH THE PERIMETER OF SAID 20.566 ACRE SCHOOL DISTRICT TR.ACT THE FOLLOWING CALLS: N 89°37'45" W, COMMON WITH THE NORTH LINE OF LOT 1,BLOCK 1, DEAN/DAVIS ADDITION RECORDED IN CABINET A, SLIDE 1560 OF THE PLAT RECORDS OF TARR.ANT COUNTY,TEXAS (P.R.T.C.T.), A DISTANCE OF 162.71 FEET TO A 1/2" IRON ROD FOUND; S 00°28'17" E, CONTINUING WITH SAID LOT 1, A DISTANCE OF 32.93 FEET TO A"X"CUT FOUND; N 89°37'15" W, CONTINUING WITH SAID LOT 1 A DISTANCE OF 232.96 FEET TO A 3/4" IRON ROD FOUND; -:,:� a EXHlBIT_._L_ f p ,�,� PAGE 40F 7 Page Of �._,_,. I:�.SUR�98220901�SDATA\T'IF.FNS December 2,1998 �:, � �`� S 04°27'36" E, CONTINUING WITH SAID LOT 1 A DISTANCE OF 64.08 FEET TO ;:��.�* � . . � A"X"CUT FOUND; : � ° `� N 56°50'S8" W, COMMON WITH THE EASTERLY LINE OF THE W.C. LUCAS � ADDITION AS RECORDED IN VOLUME 388-I,PAGE 81 P.R.T.C.T., A DISTANCE OF 223.21 FEET TO A 1/2" IRON ROD FOUND; ~�'~ N 00°47'04° W, CONTINUING WITH SAID LUCAS ADDITION,A DISTANCE OF " 760.42 FEET TO A 5/8" IRON ROD FOUND IN SOUTH LINE OF HILLTOP DRIVE; :;K� . - N 89°17'22" E, ALONG HILLTOP DRIVE,A DISTANCE OF 50.00 FEET TO A 5/8" - IRON ROD FOUND; N 00°47'46" W, ALONG HILLTOP DRIVE A DISTANCE OF 112.55 FEET TO A 1/2" IRON ROD FOUND; N 89°39'S4" E,ALONG HILLTOP DRIVE A DISTANCE OF 100.03 FEET A TO A POINT FOR CORNER; N 00°58'S4" W, ALONG HILLTOP DRIVE A DISTANCE OF 25.74 FEET A TO A POINT FOR CORNER IN THE SOUTH LINE OF GRAPEVINE HILLTOP � � APARTMENTS, LTD.,AS RECORDED IN VOLUME 5319,PAGE 257 D.R.T.C.T.; �� N 89°11'14" E, A DISTANCE OF 569.27 FEET TO A P.K.NAIL FOUND MARI{ING THE MOST NORTHERLY NORTHEAST CORNER OF SAID SCHOOL DISTRICT 20.566 ACRE TR.ACT, COMMON WITH AN INTERIOR CORNER OF A 17.113 ACRE TRACT CONVEYED TO JOHN W. VILBIG,III BY DEED RECORDED IN VOLUME 5219, PAGE 277 D.R.T.GT.; S 00°30'07" E,A DISTANCE OF 203.51 FEET A TO A POINT FOR CORNER, COMMON WITH THE SOUTHWEST CORNER OF A 0.954 ACRE TRACT CONVEYED TO MARY F. LABRECK BY DEED RECORDED IN VOLUME 4365, PAGE 732 D.R.T.C.T.; N 89°16'26" E, ALONG SOUTH LINE OF SAID 0.954 ACRE TRACT, A DISTANCE OF 211.83 FEET A TO A POINT FOR THE NORTHWEST CORNER OF LOT 1, BLOCK 1,THE STOREHOUSE ADDITION AS RECORDED IN VOLUME 388-153, PAGE 89 P.R.T.C.T.; S 00°40'10" E,ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 193.83 FEET A TO A POINT FOR CORNER; ,: .x ,Q EX�-llBIT_1.L__ TO � � �� PAGE 5 OF 7 Page r 0� � I:�.SURV 8220901�.SDATA\T'IF.FNS Deccmber 2,1998 j S 89°41'OS" E,ALONG THE SOUTH LINE OF SAID LOT l,A DISTANCE OF , - °� � 372.80 FEET TO A CAPPED IRON ROD FOUND MARKED AREA; � `� !`�A� � S 00°18'32" E,A DISTANCE OF 133.58 FEET TO A CAPPED IRON ROD MARI{ED . LINDES FOUND MARICING THE NORTHEAST CORNER OF LOT 8, SAID -- WATSON ADDITION; �C;; THENCE S 00°20'27" E, DEPARTING SAID SCHOOL,DISTRICT TRACT AND ALONG ;� THE EAST LINE OF SAID LOT 8, A DISTANCE OF 280.99 FEET TO A CAPPED IRON - ROD MARKED LINDES FOUND MARKING THE NORTHEAST CORNER OF LOT 7, �_:� WATSON ADDITION; ;:_ . THENCE S 00°22'21" E, ALONG THE EAST LINE OF SAID LOT 7 AND THE EAST LINE OF SAID 0.991 ACRE TRACT,A DISTANCE OF 170.83 FEET A TO A POINT FOR CORNER; THENCE S 88°59'06" W, ALONG THE SOUTH LINE OF SAID 0.991 ACRE TRACT, COMMON WITH THE NORTH LINE OF LOT 1,BLOCK A,BILL MASSY FURNITURE CO., INC. ADDITION AS RECORDED IN VOLUME 388-158,PAGE 11 P.R.T.C.T., A DISTANCE OF 368.51 FEET TO A 5/8" IRON ROD FOUND MARKING THE SOUTHWEST CORNER OF SAID 0.991 ACRE TRACT AND BEING IN THE EAST LINE OF THE GROUP W CABLE ADDITION AS RECORDED IN VOLUME 399-205,PAGE 62 P.R.T.C.T.; THENCE N 00°52'03" W, ALONG COMMON LINE OF SAID CABLE ADDITION AND �"�"°'" SAID 0.991 ACRE TRACT, A DISTANCE OF 37.53 FEET TO A 1/2" IRON ROD FOUND MARKING A SOUTHEAST CORNER OF SAID SCHOOL DISTRICT TRACT; THENCE S 89°08'S5" W, ALONG COMMON LINE OF SAID CABLE ADDITION AND SAID SCHOOL DISTRICT TRACT, A DISTANCE OF 302.64 FEET TO A 1/2" IRON ROD FOUND MARKING THE NORTHWEST CORNER OF SAID CABLE ADDITION AND BEING AN INTERIOR CORNER OF SAID SCHOOL DISTRICT TRACT; THENCE S 00°27'S2" E,ALONG THE WEST LINE OF SAID CABLE ADDITION, COMMON WITH AN EAST LINE OF SAID SCHOOL DISTRICT TRACT,A DISTANCE OF 325.97 FEET TO A POINT IN STATE HIGHWAY NO. 26; THENCE N 89°23'S9" E, A DISTANCE OF 5245.15 FEET TO A POINT IN STATE HIGHWAY NO. 26; THENCE ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 2148.19 FEET,A DELTA ANGLE OF 20°49'45", A LONG CHORD THAT BEARS N 77°48'47" E,A DISTANCE OF 776.66 FEET,AN ARC DISTANCE OF 780.95 FEET TO A TO A POINT �;;.ffi FOR CORNER IN STATE HIGHWAY NO. 26; PAGE 60F 7 EXNIBIj� TO `,/irs�+-- +�//" D I:�SUR\982209011SDATA\TIF.FNS pa�� _ Qf �.1� December 2,1998 �:.: � '9� x � THENCE N 00°31'49" W, CROSSING SAID 463.63 SQUARE FOOT TR.ACT, SAID � TRINITy/TARRANT pA.RTNERS,LTD.TR.ACT 5,TURNER ROAD, SAID LOT 1,BLOCK � 1, COBBLESTONE VILLAGE ADDITION, SAID CATHERINE VERBURG TRACT 2, SAID .� � WILDWOOD LANE, SAID 0.288 ACRE TRACT AND SAID CORPS TRACT NO. A-20,A � DISTANCE OF 3720.54 FEET TO A POINT FOR CORNER; ii:¢;: THENCE N 32°08'40" W,A DISTANCE OF 145.44 FEET TO A 5/8" IRON ROD FOUND AT A POINT OF TANGENT IN THE SOUTHWESTERLY LINE OF SAID 52.254 ACRE �� TRACT; ' ;; ;;r: THENCE N 39°32'14" W, WITH SAID SOUTHWESTERLY LINE,A DISTANCE OF 580.42 FEET TO A 5/8" IRON ROD FOUND FOR A WEST CORNER OF SAID 52.254 ACRE TRACT; THENCE N 03°37'S0" E,ALONG THE WEST LINE OF SAID 52.254 ACRE TRACT,A DISTANCE OF 309.48 FEET TO A POINT FOR CORNER; THENCE N 21°19'S6° W, CROSSING SAID CORPS TRACT NO.A-22A, A DISTANCE OF 259.51 FEET TO A POINT FOR CORNER; THENCE N 02°29'S4" W, CROSSING SAID CORPS TR.ACT NO. A-22A, A DISTANCE OF p-,..::.,.�.�A 1156.92 FEET TO A POINT FOR CORNE ; �_`�* THENCE N 85°56'37" E,A DISTANCE OF 503.69 FEET TO THE POINT OF BEGINIVING, AND CONTAINING 121.817 ACRES OF LAND,MORE OR LESS. DATE OF SURVEY: SEPTEMBER-NOVEMBER 1998 P'��,Or,RF;9 v��:Q�� .��..�.'. �WIl.L4 ?V1 C •E•. • 'A • 4'� . � �Ss�fl�,�� S URv ... ;.:�� PAGE 7 OF 7 �} I:ISUR�98220901�.SDATA\TTF.FNS E i��'I(B I T�L.L.� �O ,�%�_Z�:�. Deambcr2,1995 a,.'�r; �.'j_,,..._ �f �,,�_ EXHIBIT B ��' G1Y�C SCKE Gu.lEO 20.Si6 ACRES �-� GRAPEYME-COLLEtrvLIE ;_: � " l�EPEWENT SG�OOI pSTRKT � wr to scut C.C.Mo.-OrfE�90S2S "�!� D.RT.C.i. � . �� t.G�uGS eOdTqN 1 COURSE TABLE COURSE TABLE � � PLAT RECORD YOL.]dD'4 PG.l� ' '- �J1.T.C.T. � > z ��E'� 1 --• . . ..,,' ,. � LINE No. BEARING OISTANCE LINE No. BEARING DISTANCE :�..•iG �•'�I;a ' . I N 00�29�53�w 574.09� 30 N 89'37't5'w 232.96� �`"i'� � •L3 ��w`ja� 2 N 28'31'45'E 115.85' 31 S 04'27'36'E 64:OB' ��r�� l37 �g .�' ra.��►'r�s� � 3 N 76'37'll'E 168.68' 32 N 56'S0'S8'W 223.21' °��1�� q S 01'26'�0'E 468.47' 33 N 00'47'04'W 760.42' := ( i 5 N 89'43'23'E 303.81' 34 N 89'IT'22'E 50.00' ;��.9 u� _ 5 S 13'42'S5'E 1399.88' 35 N 00'4T'46'W 112.55' �f RCOn �� cxuo nn+ocs � 7 S 0�'45'S1'W 950.24' 36 N 89'39'S4'E 100.03' a«..v�w. va.»rm�wu w.sa+.rc»r : B S 36'S4'S7'E 655.56' 37 N 00'58'S4'W 2 . ' ._�r.i.�. wr• an.rLi. g S II'4T'23'W 12835' 36 N 89'll'14'E 569.27' ='`�� 10 S 13'24'S8'E 537.43',,, ,,,�39 S 00'30'07'E 203.51' ,�� '"��r �tn�mdf�+-.acs as iroswver �a�•_••�••- :��i r�.s°CSCT ��1 �.�wry "a}#R"`r"°'�.` u 5 34'07'00'E 243.33' �W 40 N 89'16'26'E 211.83' i�nx cn,K w,Tir �2 S 00'34'S5'E 221.�3' ;� q1 S 00'40'10'E 193.83' �h.'�'�� or�aoa� 13 5 4T'26'03'E 48.94' �"�� 42 S 89'41'OS'E 3T2.80' 101'�-6�� ..rsan�oarw Mra.w-eMO�i.wn°N ��; S 00'18'32'E 133.58' rAr.cr. �q N 42'21'OS'E 672.90' H_''- 41 ' ra.�u•f.re.a r�rtt. ""°T. IS 5 47'�0'S0'E 101.38' �� qq 5 00'20'27'E 280.99' a�onn��nyE� 16 S 42'25'S7'W 1391.77' ��y 45 5 00'22'2�'E 170.83' � e+u�c e.n.acs �T�r� 1T N 47'39'07'W 99,q1' y�: q6 5 88'S9'06'W 368.51' �'�w a�uw K sc�,ces a 1 N 00'S2'OJ'W 37.53' Q�� IB N 42'21'OS'E 618.81' _ 4T �`p: � oxr.cr. I9 N 4T'25'37'W 49.31' 48 S 89'OB'S5'W 302.64' �:�-�� pp N 00'34'S6'W 221.�3' � q9 5 00'2T'S2'E 325.9T' �`i� � � 21 N 34'48'02'W 220.63' � 50 N 89'23'S9'E 5245.15' ��.� 22 N 28'38'12'W 379.27' ' St N 00'31'49'W 3T20.54' � 23 N 4t'S9'ST'W 744.79' � 52 N 32'OB'40'W 145.44' ; 24 S 48'00'02'W 6T2.15' � 53 N 39'72'14'W 580.�2' 25 S 00'31'49'E 31N.08' - 54 N 03'37'S0'E 309.48' � 26 5 89'23'S9'W 5295J6' � 55 N 21'19'S6'W 259.51' 2T N 00'26'S4'W 34T.33' � 56 N 02'29'S4'E 1156.92' � pg N 89'37'45'W I62.71' � 57 N 85'S6'37'E 503.69' 29 5 00'28'17'E 32.93' � �� an a a.nnc - � rwwr cowrr,fu�s � �?� CURVE TABLE CURVE No. RAOIUS ARC LENGTH ' DELTA CHORD CHORD BEARING �;;.,,,i 1 600.00' 363.59' � 34'43'12' 358.05' S 17'S633'E CYIfD I.M�qKS ' TIMTf/TMVJ�T�Mi1[115,1f0. 2 550.00' 449.77' � 46'S1'17' 43T.34' S 24'00' 4'. awe.-mmw+ 3 650.00' S31.54' . 46'51'14• 516.85' N 24'00'35'W uw.rtr. � . 4 500.00' 303.00' j 34'43'15' 298.38' N 17'S6'31'W i� �� 5 2149.19' 890.00' ' 23'43'36' 883.66' S T6'21'S4'W �_ ra.��rrc.a■ 6 2148.I9' 780.95' 1 20'49'45' 776.66' N 77'48'47'E �'�g� wim u��ac nuc� � txtm a.ta�ats �oet�r tvu Tt s�e• � • IIIOWID(.�411U aN �11��Wt 0.YM iL tNR7 fT�T[f Of Y(14J s'°•~a � CKL[D i' M��p�T�/G.il� I I YbL.7RSL 911 ' R�RaCT Mw��-R� "'Y:YS . OAi '� CE ��a � '��s i i 0lI.T.�C.1. �yup��TIUCT i: / ' �OIITLi.,R M�11. � -\ •TQAS Cdr0�41p .I � a cu m : ' �.. . �riucr� . 6.._...�.L58.._. � ` d�� 'y� c.w�aas � , '�•.\r°`oai.i`l.wn I_ '-L54J�5 ' � ; �� c.macaans� ��. PON7!OP n�v[�*[s uv wTm sr•ro a ucwn •�. ' � w� can a cwc[tis �� ^� eEGUVNwc CILlCO�{1N R�. *�T! � a �'�� 1114CT Mb�•701 fT�T[p/U�! f Y0..7MT 140 / �S`(OM�ND SUMr�T'Ly��`RE(�M SW1vCY S� `�P�Ej4�H SJM1[� ppl111.. �a� M.fJCT. �BYSIN�C(Mo.Nf Z,MfSTR�CI M0.52i _ �� t::p3r'�t MY'.?[{{�� U ��'� �1A1 y_.SL:. _=._l-:._ � � � � .\I�r.�i��• �� •� � ,�BTSiMGr b.Sf . .� � �� r �. � ��r�� ' .. -.i . • • ncrrx wnu.sr. - .,\ B�W OEYELOPELENT CORP •,�, �i � GILED 5233�ACNE TRACT ' � u�uo n.ax was �,�j y ��'•\ YOL.ORT.C.T.0937 . ••-•,� _ iaxrr■.aaHSa a�a I �•' I ' l�T�l(LM 1.lRMd '�r Z` IMfFD STl1i[S Of YS1K� ��\• OJ1.f.C.T.� �I gi CO�f O!f)L�Eflti �.<.r.v�[xwv[.•�� q �vc�i'�icxi.`wi T� AREA ■ RIM�'A�IES �• � ' �BSiR�LT MaI2�'�..'� W.IiT. I�� . � � f . IMTWSf V sOL1EGS � ��.�• COrtiuct■e,a•tu � E� �r f •�r, � va.�TCU i � ,�..a-••�..�'�1 \� 10 � � L7o p •130� � �'Tw+i d iwEU�s 1 ' . , rtiutT w.aou • ra.makw s� C2 _ / w.i f. ; �L13I � � ti rm aaa � CNIW 21.�u��OE 714CT •\- �DJl.TL•T 141 . \ /� � -.>�ii•�� EX�tIBIT...JCL TO � ��Y�: ' �:�•.� Page of _L_ �� w�a� ,TIIK,.,..•:V va.�w u +� �'(�,�p�.�� T/F D/STR/CT BOUNDARY EXH/B/T "°'R"° ° °"' "'°' � =.'�Y'=.� C/TY OF GRAPEVINE `�� ' y�'�' TARRANT COUNTY, TEXAS . ,,,,� , / ;�;, . � � y � D198302944 CITY OF GRAPEVINE �- PO BOX 95104 GRAPEVINE TX 76099 ' -W A R N I N G-THIS IS PART OF THE OFFICIAL RECORD--D 0 N 0 T D E S T R 0 Y I N D E X E D -- T A R R A N T C O U N T Y T E X A S S U Z A N N E H E N D E R S O N -- COUNTY CLERK O F F I C I A L R E C E I P T T O: CITY OF GRAPEVINE RECEIPT NO REGISTER RECD-BY PRINTED DATE TIME 199096745 DR7A T021602 12/30/98 09:35 �,.�.,. � INSTRUMENT FEECD INDEXED TIME 1 D198302944 WD 981230 09:35 CK 18930 T O T A L : DOCUMENTS: 01 F E E S: 33.00 B Y: ANY PROVISION WHICH RESTRICTS THE SALE RENTAL OR USE OF THE DESCRIBED REAL PROPERTY BECAUSE OF COLOR OR RACE IS INVALID AND UNENFORCEABLE UNDER FEDERAL LAW. �.� ' �