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HomeMy WebLinkAboutContract 36951-CA2 (2)5;SSIGNMENT OF TAX ABATEMENT AG This Assignment of Tax Abatement Agreement is made and entered into by and between Impression Homes, LLC, ("Assignor") and Tara Marsh, ("Assignee") and the City of Fort Worth, ("City") RECITALS Waterview Estates, L.P., Pars Investment, Inc., General Partner ("Waterview") and the City of Fort Worth, Texas (the "City") entered into that certain Tax Abatement Agreement ("Agreement") for Property Located at 5524 Grenada Drive ; Lot 34; Block 3; Waterfront at Enchanted Bay; an Addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded and filed in Cabinet A; Slide No. 11723, Plat Records, Tarrant County, Texas ("Property") which is located in the Lake Arlington Neighborhood Empowerment Zone, such Agreement approved by the City Council of Fort Worth November 6, 2007, City Secretary Contract Number 36951 ("Agreement"): B. Pursuant to that certain Special Warranty Deed dated as of June 27, 2013 recorded under Tarrant County Deed Records, Waterview conveyed the Property to Assignor and Assignor acquired title to the Property which is the subject of the Agreement: C. Section 5 of the Agreement permits Waterview to assign all of its rights under the Agreement to Impression Homes, L.L.C. ("Impression"), without obtaining the prior consent of the City Council: D. Waterview assigned the Agreement to Impression Assignor, such Agreement is dated June 27, 2013 City Secretary Contract Number 36951-CA1: E. Pursuant to that certain Special Warranty Deed dated as of September 19, 2013, recorded under Tarrant County Deed Records, Assignor conveyed the Property to Tara Marsh and Assignee acquired title to the real property which is the subject of the Agreement. F. Section 5 of the Agreement permits Assignor to assign all of its rights under the Agreement to Assignee, without obtaining the prior consent of the City Council: AGREEMENT NOW THEREFORE, in consideration of the mutual terms and conditions herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 1. Assignment. Assignor hereby ASSIGNS, TRANSFERS AND CONVEYS all rights, duties, obligations, title and interest under the Agreement to Assignee. 2. Acceptance. Assignee hereby accepts the Assignment granted herein, and assumes all of Assignor's rights, duties and obligations arising under the Agreement. Assignment of Tax Abatement Contract #36951-CAl from Impre s�°��o����% to Tara Marsh C, Lid Vd6R. CAP ��` 1 f�ECEIVED Il�T 10 2013 3, Effective Date. The effective date of this Assignment is September 19, 2013 ("Effective Date"). All rights, duties and obligations under the Agreement arising, accruing or relating to the period before the Effective Date are allocated to Assignor and all rights, duties and obligations arising, accruing or relating to the period thereafter shall be allocated to Assignee. 4. Release and Surrender of Assignor. Except as otherwise expressly set forth in this Assignment, Assignor will be discharged from any and all further obligations under the Agreement as of the Effective Date. Assignor must surrender the Property to the Assignee on or before 11 *59 P. in. on the date prior to the Effective Date in its present condition. Assignor relinquishes any right to any improvements, fixtures or equipment on the Property. that as of the 5. Representations. Assignor represents, warrants and covenants with Assignee Effective Date, that Assignor is not in default under any of its obligations contained in the Agreement. 6. City of Fort Worth's Consent. City of Fort Worth hereby consents to this Assignment upon the terms and conditions set forth herein. Unless and until City of Fort Worth has executed this Assignment, this Assignment is of no effect the consent granted herein should not be construed as consent to any further assignment except as provided in the Agreement. The failure or delay of City of Fort Worth in seeking to enforce any provisions of the Agreement or this Assignment should not be deemed a waiver of rights or remedies that City of Fort Worth may have, or a waiver of any subsequent breach of the terms and provisions therein or herein contained. 7. Notices. Any notice given by any party to another party hereto must be given in the manner required under the Agreement. The addresses set forth below supercede any addresses for notices set forth in the Agreement. CITY OF FORT WORTH: City of Fort Worth Housing &Economic Development Department Neighborhood Empowerment Zone Program 1000 Throckmorton Fort Worth, Texas 76102 ASSIGNOR: Impression. Homes, L.L.C. P.O. Box 1838 Keller, Texas 76244 ASSIGNEE: Tara Marsh 5524 Grenada Drive Fort Worth, Texas 76119 8. Successors. Except as herein otherwise provided, this Assignment will be binding upon and inure to the benefit of the parties, and their respective heirs, executors, administrators, successors and assigns. Assignment of Tax Abatement Contract #36951-CAl from Impression Homes, LLC to Tara Marsh 2 10. Counterparts. This Assignment may be executed binding oniple he parties lso executingarts� each ; and all once executed, will be an original a y such counterparts together constitute one and the same agreement. Binding Offer. This Assignment will be not be binding until executed and delivered by all three parties. IN WITNESS WHEREOF, the parties have executed this Assignment as of the date first above written. CITY OF FORT WORTH 7 j coo Fernando Costa Assistant City Manager STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Fernando Costa, Assistant City Manager of the CITY OF FORT WORTH, a municipal corporation, known t0 subscribed to the o me to be the person and officer whose e is the said CITY OF FORT WORTHforegoing �TEXASna acknowledged to me that the same was the act municipal corporation, that he was duly authorized to perform the same by appropriate Mayor at he d and Council Communication of the City Council es and consideration of the City of rt Worth an expressed and in the same as the act of the said City for the pure the capacity therein stated. � GIVEN UNDER �lotary Public n a the State of Texas r•� 013. MY HAND 2 APPROVED AS TO FORM AND Melinda Ramos Assistant City Attorney M & C: C-22514 AND SEAL OF OFFICE this � day of EVONIA DANIELS Notary Public. State of Texos My commission Expires July 10, 2017 Assignment of Tax Abatement Contract #36951-CAl from Impression to Tara Marsh 3 OFFICIAL RECORD �Y ���RETARY FT. WORTH, TX ASSIGNO : Im e sion Homes, L.L.0 Na e: ce Heikkinen Title: Mana in Member STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Bruce Heikkinen, Managing Member of Impression Homes, L.L.C., known to me to be the person whose name i Ms subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated and as the act and deed of the Impression Homes, L.L.C. a Texas limited liability company. MY HAND AND SEAL OF OFFICE this C� '•°' � ®RANDON of Texas , "'Y COMMISSIONJACKSON EXPIRES June 2412016 ASSIGNEE: Tara Marsh --coo v — Tara Marsh STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Tara Marsh, 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 purposes and consideration therein expressed, in the capacity therein stated. EN UNDER MY HAND AND SEAL OF OFFICE this 23- day of 920 ablic in an o`•Y" RRANDON JACKSON of Texas MY COMMISSION EXPIRES 1i ,,rF ; ;+`% June 24, 2016 Assignment of Tax Abatement Contract #369S1-CA1 from Impression Homes, LLC to Tara Marsh 4 ..��., ". ��fficial site or the City or Fort Wor[h, f�xas CITY C�?UiVCIL �iGENDA COUNCIL ACTION: Approved As Amended on 11/6/2007 %RT �r'�TORTH __`�'� DATE: 11/6/2007 REFERENCE C-22514 LOG NAME: 05ENCHANTEDBAY N O.. CODE: C TYPE: CONSENT HEARING: NO SUBJECT: Authorize Execution of a Five Year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, Located in the Lake Arlington Neighborhood Empowerment Zone RECOMMENDATION: It is recommended that the City Council: 1. Authorize the City Manager to enter into a five year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, located in the Lake Arlington Neighborhood Empowerment Zone; and 2. Find that the statements set forth in the recitals of the attached Tax Abatement Agreement with Waterview Estates, L.P., and Woodhaven Homes, L.P., are true and correct. DISCUSSION: �Naterview Estates, L.P., and Woodhaven Homes, L.P., are the owners/developers of the 118 properties listed in Exhibit "A". This real property is located in the Lake Arlington NEZ and �leighborhood Empowerment Reinvestment Zone (NERZ No. 16). Waterview Estates, L.P. and �Noodhaven Homes, L.P. have applied for afive-year municipal property tax abatement under the NEZ Tax Abatement Policy and Basic Incentives (M&C G-14947), as amended. The NEZ Program offers afive-year municipal properly tax abatement on the increased value of improvements to the qualified owner of any new construction within a NEZ. The Housing Department has reviewed the application and certified that the property meets the eligibility criteria to receive NEZ municipal property tax abatement. Waterview Estates, L.P., and Woodhaven Homes, L.P., will invest a minimum of $15,200,000.00 to construct 118 single-family homes in the Lake Arlington NEZ. In order for Woodhaven Homes, L.P., or any other developer or builder approved by the City Manager or his designee to qualify for the tax abatement, they must construct homes with a minimum of 1200 square feet of living space with at least three bedrooms, one and one-half baths and 70% mortared brick which will appraise for a minimum of $100,000.00. A more detailed description of the homes to be constructed and sample drawings are attached as Exhibit "B". The Agreement is attached as Exhibit "C". http://apps.cwnet.org/council�acket/mc_review.asp`?ID=8145�councildate=ll/6/2007 OS/1912009 i�lc7cl; Keview Page 2 oY�� Upon execution of the tax abatement agreement, the total assessed value of each home used for �;alculating municipal property tax will be frozen for afive-year period, starting on the date the home is gold to a homebuyer to be used as a primary residence, at the pre -improvement value as defined by the Tarrant Appraisal District (TAD) on January 1, 2007, as follows: Pre -improvement TAD Value of Improvements $ 0.00 Pre -improvement Estimated Value of Land 2 025.00 Total Pre -improvement Estimated Value $ 2025.00 The municipal property tax on the improved value is estimated at $550.00 per house, per year, for a total of $2,750.00 over the five-year period for each house. However, this estimate may be different from the actual tax abatement value, which will be calculated based on the TAD appraised value of the property. The tax abatement agreement provides that the agreement may be assigned without subsequent City Council approval to Woodhaven Homes, L.P., or another builder approved by the City Manager or his designee or the developer's first mortgage, or to a homebuyer who will use the required improvements as his/her primary residence, or to the homeowner's mortgagee. All other assignments must be approved by City Council. The agreement also provides that the failure of the owner to send the City notification of the sale of the required improvements and the executed assignment of the agreement with the new owner within 30 days of the transfer of ownership of the required improvements shall result in the automatic termination of the Agreement. This property is located in COUNCIL DISTRICT 5. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that this action will have no material effect on City funds. TO Fund/AccountlCenters Submitted for City Manager's Office by• Originating Department Head• Additional Information Contact: ATTACHMENTS Continued Exhibit B for M&C pdf Exhibit A for M&C.xls Exhibit B for M&C.doc FROM Fund/AccountJCenters Dale Fisseler (6140) Jerome Walker (7537) Sarah Odle (7316) http://apps.cfwnet. org/council�acket/mc_review.asp?ID=8145 &councildate= l l /6/2007 US/ 19/2009 i CL��C; � l)L J Final TA Agreement for Nl&C.doc Location Map for M&C.pdf http://apps.cfwnet.org/council�acket/mc_review.asp'?ID=8145&councildate=l I/6/2007 OS/19/2009 WATERFRONT AT ENCHANTED BAY PHASE 1A David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A. Slide No. 1 1721 Plat Remrrk Tnrrnnt Cn Tpync nn 01/'J'1/07 Nr'' .Cert # `Block Lot - ,° wstfd- ,Address � ;.-.: _ -:- Subd vision =. . - Afiafements LA-C-0001-001 1 1 56411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-002 1 2 56371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-003 1 4 56291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-004 1 6 56211 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-005 1 7 56171 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-006 1 9 56091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-007 1 10 56051 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-008 1 11 56011 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-009 1 12 55491 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-010 1 13 55451 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-011 1 14 55411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-012 1 15 55371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-013 1 16 55331 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-014 1 17 55291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-015 1 18 55251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-016 1 21 55131 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-017 1 22 55091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-018 1 26 54411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-019 1 27 54371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-020 1 28 54291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-021 1 29 54251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-022 1 30 54211 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-023 1 31 54171 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-024 1 33 54091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-025 1 35 5401 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-026 1 37 5365 Grenada Drive Waterfront At Enchanted B �ay Tax Abatement LA-C-0001-027 2 1 5640 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-028 2 2 5636 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-029 2 3 5628 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-030 2 4 58081 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-031 2 5 58041 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-032 2 6 58001 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-033 2 7 58011 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-034 2 8 5805 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-035 2 9 5809 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-036 2 10 5813 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-037 2 11 5620 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-038 2 12 56161 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-039 2 13 56121 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-040 2 14 56081 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-041 2 15 56041 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-042 2 16 5600 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-043 2 17 5572 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-044 2 18 5568 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement Page 1 of 3 WATERFRONT AT ENCHANTED BAY PHASE IA David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cnhinet A Slide Nn_ 1 1723_ Plat Records. Tarrant Co.. Texas on 02/23/07 NEZ Cert` # Block Lot .. , -Street Add"cess -, : (Subdiuisiorr Abatements r' LA-C-0001-045 2 19 Thunder BayDr. Waterfront At Enchanted BayTax Abatement LA-C-0001-046 2 20 Thunder BayDr. Waterfront At Enchanted BayTax Abatement LA-C-0001-047 2 21 r5556 Thunder Ba Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-048 2 22 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-049 2 23 15548 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-050 2 24 5544 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-051 2 25 5540 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-052 2 26 5536 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-053 2 27 55321 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-054 2 28 5528 Thunder BayDr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-055 2 29 5524 Thunder BayDr, Waterfront At Enchanted BayTax Abatement LA-C-0001-056 2 30 5516 Thunder BayDr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-057 3 1 5621 Thunder BayDr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-058 3 2 56171 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-059 3 3 5613 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-060 3 4 5609 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-061 3 5 5601 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-062 3 6 5561 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-063 3 7 15553 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-064 3 8 15549 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-065 3 9 15545 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-066 3 10 15541 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-067 3 11 15537, Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-068 3 12 5533 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-069 3 13 5529 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-070 3 14 5525 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-071 3 15 5521 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-072 3 16 155171 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-073 3 17 155131 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-074 3 18 5509 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-075 3 19 5505 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-076 3 20 ' 5501 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-077 3 21 5424 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-078 3 22154281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-079 3 23 154321 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-080 3 24 5436 Grenada Drive Waterfront At Enchanted Bay ITax Abatement LA-C-0001-081 3 25 5440 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-082 3 26 5444 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-083 3 27 5448 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-084 3 28 155001 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-085 3 29 155041 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-086 3 30 5508 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-087 3 31 5512 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-088 3 32 5516 Grenada Drive Waterfront At Enchanted Bay Tax Abatement L A-C-0001-089 3 33 5520 Grenada Drive Waterfront At Enchanted Bay ITax Abatement LA-C-0001-090 3 1 34 155241 Grenada Drive Waterfront At Enchanted Bay ITax Abatement Page 2 of 3 WATERFRONT AT ENCHANTED BAY PHASE 1A David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cahinet A 4lirla Nn i 1111 Pin+ t . r__.__ _� nn /n� /nn NE2,Cert, #{ Block' ;;Lot }r Street„Ai d ess ,. 1 A4J VLl VL/G..1/V `4 w > ,�:Subdivisiorr�-!Abatements / i ,. , , LA-C-0001-091 3 35 55281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-092 3 36 55321 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-093 4 32 57481 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-094 4 33 57521 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-095 5 9 57491 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-096 5 10 57531 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-097 5 11 58011 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-098 5 12 58051 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-099 5 13 58091 Maui Drive. Waterfront At Enchan�tedBay Tax Abatement LA-C-0001-100 5 14 58131 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-101 5 15 5817 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-102 5 16 58211 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-103 5 17 54281 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-104 5 18 54241 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-105 5 19 54201 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-106 5 20 54161 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-107 5 21 5412 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-108 5 22 5408 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-109 5 23 5404 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-110 5 24 5400 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-111 6 12 5361 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-112 6 13 5365 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-113 6 14 5369 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-114 6 15 53731 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-115 6 16 53681 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001 -1 16 6 17 53641 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-117 6 18 53601 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-118 6 19 53561 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001 1 38. 5361 Grenada Drive- Waterfront At` Enchanted' Bay No Abatement , LA-C-0.001 .: 1 39 'S.357, _Grenada. Drivetl-.. - Waterfront -At Enchanted Bay No•Abatement LA-C-0001 1 - 36. 5369 -Grenada.Drive Waterfront At Enchanted BayNo Abatement LA-C-0001. 1 34 ':5405 Grenada: Drive:: Waterfront At Enchanted Bay No.Ab'a.tement LA=C-000:1' 1 32` 5413 : Grenada. Drive 1Naterfcont At Enchanted:-Ba.y. No Abatement. LA-C=0001 . 1 23..5505 Grenada Drive =:: Waterfront At: Enchanted Bay' No.Abatement:_ LA-C-0001 1 i' 24 5501 Oren ada'Drive., Waterfront At Enchanted. Bay No Abatement LA-C-0001 _ - 1 25 5445 ' Grenada Drive Waterfront At Enchanted Ba-y No Abatement LA-C-0001`. 1 19 15521 Grenada Drive Waterfront; At Enchanted r Bay; NO Abatement LA=C-0001 1 1.20 5517 jrGrenada Drive _ Waterfront At Enchanted Bay No Abatement LA-C-0001 1 8 5613 Grenada Drive` Waterfront At. Enchanted Bay. No Abatement LA-C-0001 1 5 5625 Grenada Drive Waterfront -At Enchanted Bay No Abatement LA-C-0001 1 3 5633 Grenada Drive ' Waterfront At Enchanted Ba No Abatement Wage 3 of 3 ASSIGNMENT OF TAX ABATEMENT AGREEMENT This Assignment of Tax Abatement Agreement is made and entered into by and between Waterview Estates, L.P., Pars Investment, Inc., General Partner ("Assignor") and Impression Homes, L.L.C., ("Assignee") and the City of Fort Worth, ("City") RECITALS A. Waterview Estates, L.P., Pars Investment, Inc., General Partner and the City of Fort Worth, Texas (the "City") entered into that certain Tax Abatement Agreement ("Agreement") for Property Located at 5524 Grenada Drive Lot 34; Block 3; Waterfront at Enchanted Bay; an Addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded and filed in Cabinet A; Slide No. 11723, Plat Records, Tarrant County, Texas ("Property") which is located in the Labe Arlington Neighborhood Empowerment Zone, such Agreement approved by the City Council of Fort Worth November 6, 2007, City Secretary Contract Number 36951 ("Agreement"): $. Section 5 of the Agreement permits Assignor to assign all of its rights under the Agreement to Assignee, without obtaining the prior consent of the City Council: C. Pursuant to that certain Special Warranty Deed dated as of June 27, 2013 recorded under Tarrant County Deed Records, Assignor conveyed the Property to Impression Homes, L.L.C. and Assignee acquired title to the real property, which is the subject of the Agreement. AGREEMENT NOW THEREFORE, in consideration of the mutual terms and conditions herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 1. Assignment. Assignor hereby ASSIGNS, TRANSFERS AND CONVEYS all rights, duties, obligations, title and interest under the Agreement to Assignee. 2. Acceptance. Assignee hereby accepts the Assignment granted herein, and assumes all of Assignor's rights, duties and obligations arising under the Agreement. 3. Effective Date. The effective date of this Assignment is June 27, 2013 ("Effective Date"). All rights, duties and obligations under the Agreement arising, accruing or relating to the period before the Effective Date are allocated to Assignor and all rights, duties and obligations arising, accruing or relating to the period thereafter shall be allocated to Assignee. Assignment of Tax Abatement Contract #36951 from Watervi Impression Hozx�.es, LLC 1 4. Release and Surrender of Asi or. Except as otherwise expressly set forth in this Assignment, Assignor will be discharged from any and all further obligations under the Agreement as of the Effective Date. Assignor must surrender the Property to the Assignee on or before 11:59 p. in.on the date prior to the Effective Date in its present condition. Assignor relinquishes any right to any improvements, fixtures or equipment on the Property. 5. Representations. Assignor represents, warrants and covenants yvith Assignee that as of the Effective Date, that Assignor is not in default under any of its obligations contained in the Agreement. 6. City of Fort Worth's Consent. City of Fort Worth hereby consents to this Assignment upon the terrns and conditions set forth herein. Unless and until City of Fort Worth has executed this Assignment, this Assignment is of no effect. The consent granted herein should not be construed as consent to any further assignment except as provided in the Agreement. The failure or delay of City of Fort Worth in seeking to enforce any provisions of the Agreement or this Assignment should not be deemed a waiver of rights or remedies that City of Fort Worth may have, or a waiver of any subsequent breach of the terms and provisions therein or herein contained. 7. Notices. Any notice given by any party to anothez party hereto must be given in the znaruier required under the Agreement. The addresses set forth below supersede any addresses for notices set forth in the Agreement. CITY OF FORT WORTH: City of Fort Worth Housing and Economic Development Department {NEB) 1000 Throckmnorton Fort Worth, Texas 76102 ASSIGNOR: Waterview Estates, L.P. Pats Investment, Inc., General Partner 3901 Airport Freeway, Suite 200 Bedford, TX 76021 ASSIGNEE: Impression Homes, L.L.C. P.O. Box 1838 Her, Texas 76244 8. Successors. Except as herein otherwise provided, this Assignment will be binding upon and inure to the benefit of the patties, and their respective heirs, executors, administrators, successors and assigns. 9. Count. This Assignment may be executed in multiple counterparts, each of which, once executed, will be an original and fully -binding on the parties so executing; and all such counterparts together constitute one and the same agreement. Assignment of Tax Abatement Contract #36951 from Waterview Estates, LP to Impression homes, LLC 2 ill be not be binding until executed and delivered by 10. Binding Offer. This Assignment w all three parties. IN WITNESS WHEREOF, the parties have executed this Assignment as of the date first above varitten0 CITY QF FORT WORTH Fernando Costa Assistant City Manager STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Fernando Costa, Assistant City Manager of the CITY OF FORT WORTH, a municipal corporation, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the said CITY OF FORT WORTH, TEXAS, a municipal corporation, that he was duly authorized to perform the same by appropriate Mayor and Council Communication of the City Council of the City of Fort Worth and that he executed the same as the act of the said City for the purposes and consideration therein expressed and in the capacity therein stated, UNDER MY HAND AND SEAL OF OFFICE thisAday of 2013. Notary Public in and for the State of Texas A' AS TO FORM AND LEG. Melinda Ramos Assistant City Attorney M & C: &22514 EVONtA DANIELS Notary Public, State of Texas My Commission Expires July 10, 2017 OFpIC1A1. RETARY CITY SECR WORTH, TX Assignment of Tax Abatement Contract #36951 from Waterview Estates, LP to Impression Homes, LLC 3 ASSIGNOR: Waterview Name: Mehrdad Moayedi Title: President STATE OF TEXAS § COUNTY OF TAR ANT � L.P., Pars Investment, Inc., General Partner BEFORE ME, the undersigned authority, on this day personally appeared Mehrdad Moayedi of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investments, Inc., General Partner, 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 purposes and consideration therein expressed, in the capacity therein stated and as the act and deed of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investment, Inc., General Partner. GIVEN UNDER MY HAND AND SEAL OF OFFICE this S day of ,=71 A 1 to 2013. A Notary �'ublic in and for the State of Texas ASSIGNEE: Itn ressi Hor�e�; L.L.C. Narne: Bruce eikkinen Title: Managing Member STATE OF' TEXAS § COUNTY OF TARRANT § LAURA L WAYLAN� My Commission Expires July 14, 2016 BEFORE ME, the undersigned authority, on this day personally appeared Bruce Heikkinen, Managing Member of Impression Homes, L.L.C. lrnown 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 purposes and consideration therein expressed, in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this I '� day of 2013. Notary Public in and f J,;:RYF�e� ; NIKKI JACKSON Notary Public, Siate of Texas the State of Texas = My Commission Expit es February 16. ?01 Assignment of Tax Abatement Contract #36951 from Waterview Estates, LP to Impression Hornes, LLC 4 al site or the Cib/ or Fort Worth, Fex.is CITY COUNCIL ,AGENDA COUNCIL ACTION: Approved As Amended on I D6/2007 %ORNVO TTI1 DATE. 11/6/2007 REFERENCE C-22514 LOG NAME: 05ENCHANTEDBAY NO.. CODE: C TYPE: PUBLIC CONSENT HEARINGa NO SUBJECT: Authorize Execution of a Five Year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, Located in the Lake Arlington Neighborhood Empowerment Zone RECOMMENDATION: It is recommended that the City Council: 1. Authorize the City Manager to enter into a five year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, located in the Lake Arlington Neighborhood Empowerment Zone; and 2. Find that the statements set forth in the recitals of the attached Tax Abatement Agreement with Waterview Estates, L.P., and Woodhaven Homes, L.P., are true and correct. DISCUSSION: Waterview Estates, L.P., and Woodhaven Homes, L.P., are the owners/developers of the 118 properties listed in Exhibit . This real property is located in the Lake Arlington NEZ and Neighborhood Empowerment Reinvestment Zone (NERZ No. 16). Waterview Estates, L.P. and Woodhaven Homes, L.P. have applied for a five-year municipal property tax abatement under the NEZ Tax Abatement Policy and Basic Incentives (M&C G-14947), as amended. The NEZ Program offers a five-year municipal property tax abatement on the increased value of improvements to the qualified owner of any new construction within a NEZ. The Housing Department has reviewed the application and certified that the property meets the eligibility criteria to receive NEZ municipal property tax abatement. �Naterview Estates, L.P., and Woodhaven Homes, L.P., will invest a minimum of $15,200,000.00 to construct 118single-family ho���es in th e Lake Arlington NEZ. In order for Woodhaven Homes, L.P., or any other developer or builder approved by the City Manager or his designee to qualify for the tax abatement, they must construct homes with a minimum of 1200 square feet of living space with at least three bedrooms, one and one-half baths and 70% mortared brick which will appraise for a minimum of $100,000,00, A more detailed description of the homes to be constructed and sample drawings are attached as Exhibit "B". The Agreement is attached as Exhibit "C". http://apps.ciwnet.org/council�acket/mc_review.asp`?ID=8145&councildate=ll/6/2007 OS/1912009 Vtau Review t'age G ct 3 Upon execution of the tax abatement agreement, the total assessed value of each home used for .alculating municipal property tax will be frozen for a five-year period, starting on the date the home is 3oid to a homebuyer to be used as a primary residence, at the pre -improvement value as defined by the Tarrant Appraisal District (TAD) on January 1, 2007, as follows: Pre -improvement TAD Value of Improvements $ 0.00 Pre -improvement Estimated Value of Land $2,025.00 Total Pre -improvement Estimated Value $ 2025600 The municipal property tax on the improved value is estimated at $550.00 per house, per year, for a total of $2,750.00 over the five-year period for each house. However, this estimate may be different from the actual tax abatement value, which will be calculated based on the TAD appraised value of the property. The tax abatement agreement provides that the agreement may be assigned without subsequent City Council approval to Woodhaven Homes, L.P., or another builder approved by the City Manager or his designee or the developer's first mortgage, or to a homebuyer who will use the required improvements as his/her primary residence, or to the homeowner's mortgagee. All other assignments must be approved by City Council. The agreement also provides that the failure of the owner to send the City notification of the sale of the required improvements and the executed assignment of the agreement with the new owner within 30 days of the transfer of ownership of the required improvements shall result in the automatic termination of the Agreement. This property is located in COUNCIL DISTRICT 5. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that this action will have no material effect on City funds. TO Fund/Account/Centers Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: ATTACHMENTS Continued Exhibit B for M&C.pdf Exhibit A for M&C.xis Exhibit B for M&C.doc FROM Fund/Account/Centers Dale Fisseler (6140) Jerome Walker (7537) Sarah Odle (7316) http://apps.cfwnet.org/councilt)acket/mc_review.asp7ID=8145&councildate=ll/6/2007 OS/19/2009 l v l V V V l\ V v lV YY QFinal TA Agreement for M&C.doc Location Map for M&C.pdf http://apps.cfwnet.org/council�acicetJmc_review.asp'?ID=8145&councildate=l 1 /6/2007 0�/19/2009 WATERFRONT AT ENCHANTED BAY E" : David Strickland Survey, Abstract No, 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A. Slide No.11723_ Plat Records- Tarrant C'n_ Texa.c nn mni m NEZ Cert. #': Page Block Lot StreeAddress >-.subdivision > Abafements LA-C-0001-001 1 1 56411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-002 1 2 56371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-003 1 4 56291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-004 1 6 56211 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-005 1 7 56171 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-006 1 9 56091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-007 1 1 10 56051 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-008 1 11 56011 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-009 1 12 5549 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-010 1 13 5545 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-011 1 14 5541 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-012 1 15 5537 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-013 1 1 16 55331 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-014 1 1 17 55291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-015 1 1 18 55251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-016 1 1 21 55131 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-017 1 1 22 55091 Grenada Drive Waterfront At. Enchanted Bay Tax Abatement LA-C-0001-018 1 1 26 54411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-019 1 1 27 54371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-020 1 1 28 54291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-021 1 1 29 54251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-022 1 30 54211 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-023 1 31 54171 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-024 1 33 5409 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-025 1 35 5401 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-026 1 37 5365 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-027 2 1 5640 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-028 2 1 2 56361 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-029 2 3 5628 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-030 2 4 5808 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-031 2 5 5804 Grenada Coup: Waterfront At Enchanted Bay Tax Abatement LA-C-0001-032 2 6 5800 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-033 2 7 5801 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-034 2 8 5805 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-035 2 9 5809 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-036 2 10 5813 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-037 2 11 5620 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-038 2 12 56161 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-039 2 13 56121 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-040 2 14 56081 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-041 2 15 56041 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-042 2 16 56001 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-043 2 17 55721 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-044 2 18 55681 Thunder Bay Dr. Waterfront At Enchanted Bay ITax Abatement 1 of 3 WATERFRONT AT ENCHANTED BAY PHASE IA David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A. Slide No.1 177_I Plnt Recnrck Tarrant C'n Tavae nn C1110 R17 NEZCeO.# . _ LA-C-0001-045 .Block 2 Lot... 19 Street Address -' 155641 Thunder Bay Dr. ': SubdIVISIOIY Waterfront At Enchanted Bay Abatements Tax Abatement LA-C-0001-046 2 20 155601 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-047 2 21 15556 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-048 2 22 5552 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-049 2 23 15548 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-050 2 24 5544 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-051 2 25 55401 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-052 2 26 55361 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-053 2 27 55321 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-054 2 28 55281 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-055 2 29 55241 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-056 2 30 155161 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-057 3 1 56211 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-058 3 2 5617 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement. LA-C-0001-059 LA-C-0001-060 3 3 3 4 5613 5609 Thunder Thunder Bay Dr. Bay Dr, Waterfront Waterfront At At Enchanted Enchanted Bay Bay Tax Tax Abatement Abatement LA-C-0001-061 3 5 15601 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-062 3 6 155611 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-063 3 7 155531 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-064 3 8 155491 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-065 3 9 155451 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-066 3 10 155411 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-067 3 11 55371 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-068 3 12 55331 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-069 3 13 55291 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-070 3 14 55251 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-071 LA-C-0001-072 3 3 15 16 55211 55171 Thunder Thunder Bay Dr. Bay Dr, Waterfront Waterfront At At Enchanted Enchanted Bay Bay Tax Tax Abatement Abatement LA-C-0001-073 3 1 17 55131 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-074 3 18 55091 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-075 3 19 55051 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-076 LA-C-0001-077 3 1 3 20 j 21 55011 54241 Thunder Grenada Bay Dr. Drive Waterfront Waterfront At At Enchanted Enchanted Bay Bay Tax Tax Abatement Abatement LA-C-0001-078 3 22 54281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-079 3 23 54321 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-080 3 24 54361 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-081 LA-C-0001-082 LA-C-0001-083 LA-C-0001-084 LA-C-0001-085 LA-C-0001-086 LA-C-0001-087 LA-C-0001-088 �LA-C-0001-089 LA-C-0001-090 3 3 3 3 3 3 3 3 3 3 25 26 27 28 29 30 31 32 33 34 54401 54441 54481 5500 5504 5508 5512 5516 55201 5524 Grenada Grenada Grenada Grenada Grenada Grenada Grenada Grenada Grenada Grenada Drive Drive Drive Drive Drive Drive Drive Drive Drive Drive Waterfront At Waterfront At Waterfront At Waterfront At Waterfront At Waterfront At Waterfront At Waterfront At Waterfront At Waterfront At Enchanted Enchanted Enchanted Enchanted Enchanted Enchanted Enchanted Enchanted Enchanted Enchanted Bay Bay Bay Bay Bay Bay Bay Bay Bay Bay Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Page 2 of 3 WATERFRONT AT ENCHANTED BAY PHASE 1A David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A, Slide No.11723, Plat Records, Tarrant Co., Texas on 02/23/07 NE inert # Block ,Cot Stir 4-AddressN , ;l Subdiv.'516h :`, : , A6atementsr LA-C-0001-091 3 35 5528 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-092 3 36 5532 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-093 4 32 5748 Maui Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-094 4 33 5752 Maui Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-095 5 9 5749 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-096 5 10 5753 Maui Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-097 5 11 5801 Maui Drive Waterfront At Enchanted Bay Tax Abatement LXC-0001-098 5 12 5805 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-099 5 1 13 58091 Maui Drive. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-100 5 14 5813 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-101 5 15 5817 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-102 5 16 5821 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-103 5 17 5428 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-104 5 18 54241 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-105 5 19 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-106 5 20 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-107 5 21 r541 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-108 5 22 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-109 5 23 54041 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-110 5 24 54001 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-111 6 12 53611 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-112 6 13 53651 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-113 6 1 14 5369 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-114 6 15 5373 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001A15 6 16 5368 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-116 6 17 5364 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-117 6 18 53601 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-000 1 -1 18 6 19 53561 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001 1 38 5361 Grenada Drivel Waterfront At Enchanted Bay No Abatement . LA-C-0001 ..: - 1. 1 39 5357 Grenada Dnve Waterfront At Enchanted Bay Na Abatement: LA-C-0001 :' 1 36 5369 Grenada..Dnve:,.. Waterfront.At Enchanted. Bay No Abatement L4-C-0001. = 1. 34 54.05 : Grenada: Drive:. ` Waterfront At. Enchanted' Bay. Nop.Ab'a.tement LA-C=0001' 1` 32 5413 .Grenada. Drive Waterfront At Enchanted..Bay, No Abatement ` LA-C-0001 : 1` 23 .5505 Grenada Drive Waterfront At Enchanted Bay No Abatement . LA-C�000.1 1 24 55.01 Grenada Drive: Waterfront At Enchanted. Bay No Abatement LA-C-000.1. 1 25: 5445 ' Grenada Drive Waterfront At Enchanted Bay No Abatement LA-C-0001 1 19 5521 Grenada_:Drive . Waterfront At Enchanted Bay, ` No Abatement LA-C-0001 1 20 1551.7 Grenada. Drive Waterfront At Enchanted Bay No Abatement LA-C-0001. 1 8 5613 Grenada Drive Waterfront At. Enchanted Bay. No Abatement LA-C-0001 1 5 5625 Grenada Drive .. Waterfront At Enchanted Bay No Abatement LA-C-0001- 1 3 5633 Grenada.Drive jWaterfront At Enchanted Bay No Abatement Page 3 of 3