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HomeMy WebLinkAboutContract 56897-A1 CITY SECRETARY ITRACT NO, FIRST AMENDMENT TO 2021 DEVELOPMENT AGREEMENT FOR MORNINGSTAR RANCH i i This First Amendment to Development Agreement for Morningstar Ranch ("First Amendment") is entered into among the City of Fort Worth, Texas, a home-rule municipal corporation situated in Tarrant, Denton,Johnson,Parker,and Wise Counties, Texas (the "Qity"), acting by and through its duly authorized Assistant City Manager, and FG Aledo Development, LLC, a Texas hinted liability company, and FWFW Holdings, Inc., a Texas corporation (collectively, "Owner"), effective upon execution by both parties (the"Effective Date"). I RECITALS I i WHEREAS, the City and Owner entered into that certain 2021 Development I Agreement Between the City of Fort Worth,Texas and FG Aledo Development,LLC and FWFW Holdings, Inc. dated December 28, 2021 (City Secretary Contract No. 56897) recorded as Instrument No. 202150961 in the Tarrant County Real Property Records (the "Ageement");and WHEREAS, the Agreement governs development of approximately 1,087.8314 acres of land,consisting of 557,4334 acres of land in Morningstar Ranch Municipal Utility District No. 1 and 530.3980 acres of land in Morningstar Ranch Municipal Utility District No. 2 (the "'Pro pert ") described in Exhibit C attached to the Agreement and in Exhibit A attached to this First Amendment; and i WHEREAS, the Agreement provides for development of the Property for commercial uses and for detached single-family residences on minimum 6,000,7,500 and 9,000 square foot lots;and WHEREAS, the Property includes approximately 350.42 acres in Morningstar €`€ Ranch Municipal Utility District No. 2,which is described in Exhibit A to the Agreement and which is described in Exhibit A-1 and depicted ili Exhibit A-3 attached to this First Amendment (the"won Ranch Property") ;and WHEREAS, the City and Owner wish to amend the Agreement to allow development of an approximately roximatel 35-acre tract of land included in the L o yn Ranch Property, defined herein as the Garden Home Tract, in accordance with the City's "RV Residential standards; and NOW, THEREFORE, in consideration of the premises, mutual promises, covenants, obligations, and benefits herein contained, the City and Owner amend the Agreement as follows: First Amendment to 2021 Development Agreement for Morningstar Ranch-Page x �)FIVIIIUAR,V S REf TARY =� d € _N{I'L.. «. pig p - g7�pg FT,, HH'�l�RTHp tl CO]X _—,..:___________-- - .•.ems 1, Article ll is amended to add a definition of "Garden Home Tract" to read as follows: i "Garden Home Tract" means that certain approximately 35-acre tract described in Exhibit A-2 and depicted in Exhibit A-3,consisting of a portion of the Lyon Ranch Property, I i "Lyon Ranch Property" means that certain. approximately 350,42-acre tract described in Exhibit A-1 and depicted in Exhibit A-3,including the Garden Home I Tract. it "Residential Tracts" means all of the Property except the Garden Home Tract and the Commercial Tracts. I i "Utility Agreem_ ent" means the 2021 Utility Agreement for Morningstar Ranch entered into by the City, District One,District Two and Owner,effective February 9,2022,City Secretary Contract No,57091, i 2. Section 3.02,"Land Use and Development Regulations" is amended in its entirety to read as follows: i (a) The Commercial Tracts shall be developed in accordance with the permitted uses and development regulations applicable to the"E" Neighborhood Commercial District as reflected in Article 8 of Chapter 4 and Section 4,901 of the Zoning Ordinance,plus large retail stores in accordance with Section 5.134 of the zoning ordinance, private or non-profit community centers, cocktail lounge, gun smithing (repair or sales), saddle or harness (repair or sales), retail auto parts supply, service station, portable sales or construction trailer, brew pub, produce market,n-drd-warehouse and accessory uses permitted in accordance with Section 3.03. i (b) The Residential Tracts shall be developed with the uses permitted in the "A-5" One-Family District, as reflected in Section 4.603 of the Zoning Ordinance, plus schools, private or non-profit community centers, and accessory uses permitted in accordance with Section 3.03, The Residential Tracts shall include a mixture of residential lot sizes, as follows: 1 (i) A maximtun of 2,569 lots with a minimum lot size of 6,000 square feet(the "6,000 SF Lots"); 1i A maximum of 1,037 lots with a minimum lot size of 7,500 square feet(the"7,500 SF Lots"); and i i First Amendment to 2021 Development Agreement fox Morningstar Ranch-Page 2 (iii) A maximum of 52 lots with a minimum lot size of 9,000 square feet (the"9 000 SF Lots"). (c) The following development regulations shall apply to the Residential Tracts described in Subsection(b): (i) All 6,000 SF lots shall be developed in accordance with Section 4,705 of the Zoning Ordinance applicable to the "A-5" One-Family Residential District, f I (ii) All 7,500 SF Lots and 9,000 SF lots shall be developed in accordance with Section 4.704 of the Zoning Ordinance applicable to the"A-7.5" One-Family Residential District, I 1 I (d) The Garden Home Tract shall be developed in accordance with Section 4.708 of the Zoning Ordinance, Zero Lot Line/Cluster ("R1") District, or in accordance with Section 3.02(b)(i)-(iii), at the developer's election. The Garden Horne Tract may be developed with any single-family residential product permitted by Section 4.708, or a combination thereof, in accordance with the applicable development standards set out in Section 4.708, If developed in i accordance with Section 4.708, all uses allowed in the "R1" District shall be permitted, plus private or non-profit community center and accessory uses permitted in accordance with Section 3.03. E 3, Section 3,05,"Development Standards," shall be amended to read as follows: I Chapter 6 of the Zoning Ordinance shall apply to the Development,except where inconsistent with this Agreement,including,but not limited to regulations relating to: 3 1 Subsections(a) -(d): No change ! 1 4, Section 3.06, "Parks and Recreational Amenities," is amended to add Section 3,06(f),as follows: (f) This subsection (f) applies only if the Garden Home Tract is developed in accordance with "R1" standards pursuant to Section 4.708 of the Zoning Ordinance. In such event, Owner will provide an amenity center on the Garden Home Tract consisting of an amenity building with exercise room and restroom facilities,resort style pool &hot tub, tot lots,fire pit/place seating and gathering areas, and outdoor kitchen with BBQ's. The amenity center shall be completely constructed prior to occupancy of more than 10% of the single-family residences First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 3 on the Garden Horne Tract. This amenity center will serve residents of the Garden Home Tract only. i 5. Section 3.08 "Landscape Requirements" is amended in its entirety to read as follows: (a) Com nercial Tracts. The Commercial Tracts shall be subject to landscape requirements for commercial uses in accordance with Chapter 6, Article 3 of the Zoning Ordinance. i (b) Medians and Parkways. Owner shall submit a landscape plan for medians i and parkways to the City Parks and Community Services Department and the t Transportation and Public Works Department for approval of plant material, consideration of future maintenance requirements and prevention of traffic hazards. (c) Residential Tracts. The following landscaping and amenities, at a minimum, shall be installed on each residential lot within the Residential Tracts prior to initial occupancy,including the Garden Home Tract unless subsection(d) applies: i i (i) One (1)three-inch caliper tree shall be planted in front of each house with a second three-inch caliper tree to be located per j homeowner/builder preference. (ii) Shrubs shall be provided in any size increment totaling a minimum of 30-gallons per residential lot that exceeds 7,500 square feet in area and a ininimum of 25 gallons on each residential lot with an area of 7,500 square feet or less. (iii) The front and side yards of each residential lot shall be fully sodded. i (iv) An irrigation system shall be installed in the front and side yards. (d) Garden Home Tract. The following landscaping and amenities, at a i minimum,shall be installed on each residential lot within the Garden Home Tract prior to initial occupancy if the Garden Home Tract is developed in accordance with"R1" standards pursuant to Section 4.708 of the Zoning Ordinance. j (i) One(1)three-inch caliper tree shall be planted in front of each house. i ( ii) Shrubs shall be provided totaling a minimum of 20 gallons per residential loft. 1 i First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 4 � I (iii) The front of the house from Property line to fence returns shall be fully sodded. i (iv) An irrigation system shall be installed from the Property line to fence returns. I 6, Section 3.09"Covenants,Conditions,and Restrictions"is amended to add Section 3.09 (d),as follows: (d) This subsection (d) applies only if the Garden Home Tract is developed in i accordance with "R1" standards pursuant to Section 4,708 of the Zoning j Ordinance. The Property Owners Association of the Garden Home Tract may amend the Declaration pertaining to the Garden Home Tract only, provided that the spirit of the Declaration is not diminished. 7. Section 3.10"Entry Feature" is amended by adding Section 3.10(b) as follows: i (a) Owner shall construct an entry feature at the entrance to the Development. The entry feature shall have a minimum cost of $150,000 and shall consist of a water feature, entry sign, landscaping and/or other elements, at Owner's j discretion. No element of the entry feat-Lire shall exceed a height of 35 feet. Entry features shall be located outside of the twenty (20) foot by twenty (20) foot sign visibility triangle at any given intersection and shall not impede the minimum sight distance of three hundred(300) feet in any directions. Encroachments over streets that are or will become public must be approved by the Transportation and Public Works Department. This subsection b applies only if the Garden Home Tract is developed in i pP Y accordance with "R1" standards pursuant to Section 4,708 of the Zoning I Ordinance. For the Garden Home Tract, cost shall be a minimum of $25,000 per i monument and will include entry sign, landscaping and/or other elements at owners discretion.Entry features shall be located outside of the twenty by twenty- foot sight visibility triangle at any given intersection or within the median at entrance to the Garden Home Tract. `/ ,/ 8. Section 3.11 "Traffic Management", Section (f) Urban Design Standards is amended to add as follows: For the Garden Home Tract if developed in accordance with"R1" standards pursuant to Section 4.708 of the Zoning Ordinance, only,the following Urban I Design Standards shall be utilized in addition to those in this Section 3.11(f); Limited Local Residential; 40-ft ROW (2 Lanes: 25-ft B-B, 5-ft sidewalks both sides) I First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 5 I Alleys: 16-ft ROW (1 Lane: 12-ft Edge to Edge) j 9. Section 3,13"Building Permits.Fees,and Inspections" is amended to add Section 3.13(b), as follows: (a) All Structures constructed in the Development shall be subject to City building permit,permit fee and inspection requirements s if such Structures were constructed within the City's corporate limits. (b) This subsection(b)applies to the Garden Home Tract only if it is developed 3 in accordance with "R1" standards pursuant to Section 4,708 of the Zoning Ordinance, The City will issue building permits for slab/foundations for the garden homes and amenity center that will allow for the concurrent construction of said slab/foundations and public infrastructure, The Fire Department shall issue addresses to obtain slab/foundation building permits prior to recording of i final plat. No vertical construction will be allowed until all public infrastructure improvements have been accepted by the City and District. 10. Section 3.15 "Homeowners Association' is amended to add Section 3.5(b) as , follows: I (a) Owner will establish the Homeowners Association in accordance with the j Declaration of Covenants, Conditions and Restrictions, Membership in the Homeowners Association shall be mandatory for all owners within the Development. I a (b) This subsection(b)applies to the Garden Horne Tract only if it is developed in accordance with "R1" standards pursuant to Section 4.708 of the Zoning Ordinance. Owner will institute a Property Owners Association to operate and maintain all private common areas and facilities. Such areas shall include but not be limited to landscaped areas, opens spaces, recreation areas, and recreation/clubhouse/exercise buildings and facilities within the Garden Home Tract in accordance with this Agreement. 11. Except as specifically amended in this First Amendment, the Agreement shall remain in full force and effect in accordance with its original terms and conditions. 12, Unless expressly defined herein, all capitalized terms shall have the meanings defined in the Agreement. 13.This First Amendment shall be recorded in the real property records of Parker County,Texas. j First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 6 IN WITNESS WHEREOF,each Party has caused this Agreement to be executed by its undersigned duly authorized representative in multiple copies on the date or dates indicated below. i ATTEST: CITY OF FORT WORTH o 0 ra ABy: eeretary Assistant City anage Date: oh� � l��✓ APPROVED AS TO FORM AND EGALITY: I �Ut ,Rwvf i Assistant City Attorney STATE OF TEXAS § 3 § COUNTY OF TARRANT § i This instrument was acknowledged before me, on the I—edayof 2022, by Dana Burghdoff, Assistant City Manager of the City of Fort Worth, Texas on behalf of said city. I i SELENA ALA oP Notary Public. State of Texas a: 31-2024 N; iQc Comm. Expires 03 Notary ID 132422528 Notary Public,State of Texas • Printed Name: SZSZZ4ZE l 01 ARION t,Z0Z-l£-£0 sajidx3•iuwoD sexal to ateiS 'opgnd tiieloN '. •'� My Commission Expires: VlV VN3l3S First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 7 EOFFICIAL RECORDECRETARYORTH,TX OWNER: FG ALEDO DEVELOPMENT,LLC, a Texas limited liability company By: KTFW INVESTMENTS, INC., a Texas corporatio ,its Manager By: <im Gill Its President STATE OF TEXAS § i i i COUNTY OF TARRANT § This instrument was acknowledged before me, on the'-7 day of Qc7t-06ee( . 2022,by Kim Gill,President of KTFW INVESTMENTS,INC., a Texas corporation,acting in its capacity as Manager of FG ALEDO DEVELOPMENT,LLC,a Texas limited liability company, on behalf of said limited liability company. E i Given undermy hand and seal of office this � -7 . day of I 2022. I i [SE m TINA MICHELLE LEWIS Notay'(�Public,State of Texas ry nZ,rii•.•�:Notary Public, State of Texas Comm.Expires 06-16-2025 Notary ID 125179689 Printed Name:Yr� { My Commission Expires: (y_// I I i i l I I First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 30FFICOAL RE( << [f CITY SECRETARY FT. WORTH,TX I FWFW HOLDINGS,INC., I I a Texas corporati n By: I . Gill I Its President STATE OF TEXAS § i COUNTY OF TARRANT § i This instrument was acknowledged before me on -al�er ^7,2022,by Kim Gill, as President of FWFW HOLDINGS, INC., a Texas corporation, on behalf of said I corporation. I SEAL] � �,auly, TINA MICHELLE LEWIS Notary Public,State of Texas ��pAY PI,Ai� Notary Public,State of Texas M � I =z: - lS Comm.Expires 06 16 2025 Printed Name: I 1�� I of Notary ID 125179689 My Commission Expires: 400 to 00 a5 { i i i i I i i I� I i { E !I I i First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 9_ CCU�1 '5E(C R, C 1 AP I Exhibit A Legal Description of the Property DISTRICT ONE BEING a 557.4334 acre tract of land located in the M.S. Teter Survey,Abstract Number 2070, P.J. McClaq Survey,Abstract Number 907 and J.D.Morris Survey,Abstract Number 927, Parker County,Texas, said 557.4334 acre tract being a portion of a called 138.278 acre tract of land conveyed to FG ALEDO DEVELOPMENT,LLC,by deed thereof filed for record in Instrument Number 201410308, Official Public Records,Parker County, Texas, said 557.4334 acre tract being a portion of the remainder a called 598.949 acre tract of land conveyed to FWFW HOLDINGS,INC.,by deed thereof filed for record in lnstiument Number 201410303, Official Public Records,Parker County,Texas,said 557.4334 acre tract being more particularly described by the metes and bounds as follows: I BEGINNING at a Texas Department of Transportation brass monument found(hereinafter referred to as a TXDOT monument found)at the southerly end of a corner clip located at the intersection of the north right-of-way line of Old Weatherford Road(being a variable width public right-of-way)with the east right-of-way line of Farmer Road(being a variable width public right-of-way also known as Farm to Market Highway No. 3325), said beginning point also having a NAD93 Texas North Central Zone(4202)grid coordinate of N: 6,954,954.08 and E: 2,245,264.49; THENCE North 45°21'18" West, along the said corner clip,71.52 feet to a Texas Department of Transportation brass monument found at the northerly end of the said corner clip; THENCE along the said east right-of-way line of Farmer Road the following courses and distances: i North 01°04'02" West, 852.02 feet to a 1/2 inch iron rod with a cap stamped"4151" found; North 01°04'21" West, 292.61 feet to a TXDOT monument found; North 00°28'59" West 13.07 feet to a 1/2 inch iron rod found; North 01°04'30" West, 320.39 feet to a 5/8 inch iron rod with a cap stamped"JACOBS" found; North 01'03'10" West, 1,466.70 feet; 1 1 North 04°25'07" East, 50.19 feet to a TXDOT monument found; North 00°59'59" West, 100.04 feet to a TXDOT monument found; i North 06°43'22" West, 50.14 feet to a TXDOT monument found; First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 10 f North 009T35" West,47.37 feet to the beginning of a non-tangent curve to the left having a radius of 2,924.79 feet; Along the said curve to the left, an are length of 155.81 feet and across a chord which bears North 02°35'58" West, a chord length of 155.80 feet; North 05'47'11" East, 104.38 feet to a TXDOT monument found; North 0715'41" West, 308.99 feet to a TXDOT monument found; North 29°21'05" West, 106.79 feet to a TXDOT monument found at the beginning of a non-tangent curve to the left having a radius of 2,924.79 feet; Along the said curve to the left, an are length of 248.61 feet and across a chord which bears North 16°33'43" West,a chord length of 248.53 feet to a TXDOT monument ' found; North 18°58'58" West, 877.17 feet to a TXDOT monument found at the beginning of a non-tangent curve to the right having a radius of 1,849.86 feet; Along the said curve to the right, an are length of 99.08 feet and across a chord which bears North 17°2536" West,a chord length of 99.06 feet; THENCE departing the said right-of-way line of Farmer Road and over and across the said 598.949 acre the following courses and distances: North 89°29'59" East,987.57 feet; South 85°47'44" East, 144.39 feet; North 15°56'45" East, 115.99 feet to the beginning of a non-tangent curve to the right having a radius of 500.00 feet; i Along the said curve to the right,an arc length of 49.89 feet and across a chord which bears South 71°06'54"East, a chord length of 49.87 feet; I o 8 feet to the beginning of a curve to the right having a 68 15 24 East 225.3g Southg radius of 30.50 feet; Along the said curve to the right, an are length of 15.64 feet and across a chord which bears South 53°33'56" East, a chord length of 15.47 feet to the beginning of a curve to the left having a radius of 5 0.00 feet; f First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 11 ! I Along the said curve to the left, an arc length of 129.82 feet and across a chord which bears North 66°44'36" East,a chord length of 96.31 feet to the beginning of a curve to the right having a radius of 3 0.5 0 feet; Along the said curve to the right, an are length of 11.49 feet and across a chord which bears North 03°09'00" East,a chord length of 11.42 feet; South 68'15'24" East, 119.72 feet; i North 21°44'36" East, 95.00 feet; South 68115'24"East,355.00 feet; E South 66°17'41" East, 98.06 feet; South 59'04'13" East, 97.32 feet; South 51°43'41" East,97.88 feet; i i South 49°23'17" East, 155.00 feet; North 4096'43" East, 118.81 feet; North 02°23'24" West,20.00 feet to the beginning of a non-tangent curve to the left having a radius of 50.00 feet; Along the said curve to the left, an arc length of 178.66 feet and across a chord which bears North 14°45'25" West, a chord length of 97.68 feet to the beginning of a curve to the right having a radius of 30.50 feet; i Along the said curve to the right,an are length of 24.87 feet and across a chord which ' chord length of 24.19 feet; bears South 86 14 07 West, a g ; North 40°36'43" East, 127.97 feet; North 49°23'17" West, 64.43 feet to the beginning of a curve to the left having a radius I of 1,045.00 feet; Along the said curve to the left, an are length of 17.50 feet and across a chord which bears North 49°52'05" West, a chord length of 17.50 feet; North 39°39'08" East, 179.32 feet; °S '38" East 121.40 feet to the beginning North 16 7 g g of a non-tangent curve to the right having a radius of 280.00 feet; First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 12 i I Along the said curve to the right,an are length of 23.37 feet and across a chord which bears North 70°38'53" West, a chord length of 23.37 feet; i North 68115'24" West,74.92 feet; North 21°44'36" East,279.36 feet; North 08°1752" East, 51.41 feet; j North 00°13'12" East,234.40 feet; North 89°26'50" East, 8.63 feet; North 00°33'10" West, 120.00 feet; i North 89°26'50" East, 517.88 feet; I i North 89°16'06" East, 80.00 feet; l North 89 05 25 East,225.00 feet, I � South 45°54'35" East, 14.14 feet; f South 00°54`35" East, 153.08 feet; I North 89 OS 25 East 300.00 feet, I€I South 00054`35" East,5.00 feet; i f North 89 05 25 East 350.00 feet; i i South 00°54'35" East, 60.00 feet; North 89°05'25" East, 550.00 feet; 1 1 South 00°54'35" East,420.00 feet; 3 North 89°05'25" East, 650.00 feet; l i South 00°54'35" East, 360.00 feet; North 89105'25" East, 300.00 feet; j North 00°54`35" West, 300.00 feet; North 89°05`25" East,730.00 feet; First Amendment to 2021 Development Agreement for Mornutgstar Ranch-Page 13 i North 00°54'35" West, 125.00 feet; North 89°05'25" East, 5.00 feet; North 00°5435" West,350.00 feet; i North 89°05'25" East, 129.67 feet; I North 00°09'21" West,228.80 feet to the beginning of a curve to the right having a I radius of 30.50 feet; i .Along the said curve to the right, an arc length of 23.55 feet and across a chord which bears North 21°58'01" East, a chord length of 22.97 feet; i North 89°50'39" Bast, 126.35 feet to the east property line of the said 598,949 acre tract, same being the west property line of a certain tract of land conveyed to Walsh Ranches, Ltd.,by deed thereof filed for record in Volume 237,Page 562,Deed Records,Parker County,Texas; i i THENCE South 00°09'21" East,along the said east property line and along the said west j property line, 1,388.40 feet to a cross tie found at the most southerly northeast property corner of said 598.949 acre tract, same being the southwest property corner of the said Walsh tract, said cross tie found being on the north property line of a certain tract of land conveyed to W.C. Onken,by deed thereof filed for record in Volume 1142,Page 648 Deed Records,Parker County,Texas; I i THENCE South 890525 West, along a south property line of the said 598.949 acre tra ct and along the said north property line of the Onken tract,2,077,14 feet to a cross tie found at a northeast property conger of the said 598.949 acre tract, same being the northwest property i corner of the said Onken tract; 1 I THENCE South 01°13'l 8"East,along an east property line of the said 598.949 acre tract, j 4,817.83 feet to a cross tie found at the southeast property corner of the said 598.949 acre tract, said cross tie found being on the north property line of a certain tract of land conveyed to Beggs Geo III,et Al,by deed thereof filed for record in Volume 204,Page 497,Deed Records,Parker j County,Texas,same being the future north right-of-way line of Old Weather Road(not i recorded at time of survey); THENCE along the said south property line of the said 598.949 acre tract and along the said (� north property line of the Beggs tract the following courses and distances: North 69°37'17" West, 342.48 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; North 78°56'11" West, 382.16 feet; First Amendment to 2021 Development Agreement for Morningstar lunch-Page 14 South 78°25'49" West,296.23 feet to a 518 inch icon rod with a cap stamped "JACOBS" found; South 71°49'06" West, 625.79 feet to a 5/8 inch iron rod with a cap stamped"JACOBS" found; South 83°02'14" West, 195.24 feet to a 5/9 inch iron rod with a cap stamped"JACOBS" found; North 84'1649" West, 132.86 feet to a 5/8 inch iron rod with a cap stamped"JACOBS" f found; North 64°52'53" West, 160.44 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; s North 81°04'46" West, 540.40 feet to a 2 inch iron pipe fence corner found; North 89°57'16" West, 1,436.84 feet to the POINT OF BEGINNING. I The herein above described tract of land contains a computed area of 557.4334 acres ` (24,281,800 square feet) of land,more or less. The bearings recited herein above are based on a local coordinate system based on NAD83 Texas North Central Zone 4202,derived from GPS RTK observations using the North Texas VRS Network(maintained by Allterra Central, hie.) I i DISTRICT TWO BEING a 530.3980 acre tract of land located in the M.S. Teter Survey,Abstract Number 2070, ' W.H. Glover Survey,Abstract Number 2584, J.D. Morris Survey,Abstract Number 927, C. Rider Survey,Abstract Number 1121,and E.Dean Survey,Abstract Number 354,Parker 1 County,Texas, said 530.3980 acre tract being all of a called 350.42 acre tract of land conveyed ' to 350 LYONS LAND INVESTMENTS,LLC,by deed thereof filed for record in Instrument Number 202112419, Official Public Records,Parker County,Texas,said 530.3980 acre tract being a portion of a called 737.227 acre tract of land conveyed to FWFW HOLDINGS,INC., i by deed thereof filed for record in Instrument Number 201410303, Official Public Records, i Parker County,Texas,said 530,3980 acre tract being more particularly described by the metes j i and bounds as follows; BEGINNING at a Texas Department of Transportation brass monument found(hereinafter referred to as a TXDOT monument found)at the northwest property corner of the said 737.227 acre tract, same beuig the southwest property corner of the said 350.42 acre tract, said beginning point being on the east right-of-way line of Farmer Road(being a variable width public right-of- First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 15 way also known as Farm to Market Highway No. 3325),said beginning point also having a NAD83 Texas North Central Zone(4202) grid coordinate of N: 6,961,751.09 and E: 2,244,603.92, said beginning point being at the beginning of a curve to the right having a radius of 7,579.44 feet; THENCE along the said right-of-way line and along the said curve to the right,an are length of 189.08 feet and across a chord which bears North 03°1T18" East, a chord length of 189.08 feet to a TXDOT monument found; THENCE North 03°56'22" East, 316.07 feet to a TXDOT monument found at the beginning of a non-tangent curve to the left having a radius of 7,699.44 feet; THENCE along the said curve to the left,an are length of 122.59 feet and across a chord which o found at the North 03 34 28 East a chord length of 122.59 feet to a TXDOT monument bears N g most westerly northwest property corner of the said 350.42 acre tract, THENCE North 89°53'09" East, along the north property line of the said 350.42 acre tract, 3,249.64 feet to a northwest properly corner of the said 350.42 acre tract; THENCE along a west property line of the said 350.42 acre tract the following courses and I distances: o „ feet; North O1 19 41 West,262.08 I i North 01°2952" West, 510.70 feet; I North 0I'l P40" West, 844.39 feet; North 019 V20" West, 1,471,79 feet; North 01°22'34" West, 418.58 feet; i North 01°29'54" West, 389.33 feet; North 01"03'16" West,283.72 feet to a 4 inch metal post found at the most northerly northwest property corner of the said 350A2 acre tract; THENCE North 88°34'49" East, along a north property line of the said 350.42 acre tract, 197.68 E feet to a 1/2 inch iron rod with a cap stamped"TEXAS SURVEYING INC" found at the i southwest lot corner of Lot 14,Holly Ridge Estates,being an Addition to Parker County,Texas, according to the plat thereof filed for record in Cabinet B, Slide 74,Plat Records,Parker County, Texas; THE, North 88038'44" East, along the said north property line, 1,857.45 feet to a 1/2 inch iron rod with a cap stamped "STARK 5084" found at the most northerly northeast property corner of the said 350.42 acre tract,same being the southeast lot corner of Lot 13 of the said plat First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 16 of Holly Ridge Estates, same being the southwest property corner of a called 103.95 acre tract of land conveyed to Bar-ko Land Company,LLC,by deed thereof filed for record in Instrument Number 201917432, Official Public Records,Parker County, Texas, said point also being the northwest property corner of a called 15.47 acre tract conveyed to Bar-Ko Land Company,LLC, by deed thereof filed for record in Instrument Number 201931204,Official Public Records, Parker County,Texas; t THENCE' along the common property line of the said 350.42 acre tract and the said 15.47 acre tract the following courses and distances: South 00°46'13"East,350.06 feet to the beginning of a non-tangent curve to the right having a radius of 375.00 feet; Along the said curve to the right, an arc length of 78.99 feet and across a chord which ! bears South 72'03'13" East, a chord length of 78.75 feet; South 66°01'35" East,771.72 feet; North 51°39'08" East, 697.93 feet to a 4 inch metal post found at the most easterly northeast property corner of the 350.42 acre tract,same being the east property corner of the said 15.47 acre tract, same being the most southerly southeast property corner of the said 103.95 acre tract,same being a northwest property coiner of a certain tract of land conveyed to Walsh Ranches Ltd.,by deed thereof filed for record in Volume 237,Page 562,Deed Records,Parker County,"texas; THENCE along the easterly property line of the said 350.42 acre tract and along the westerly property line of the said Walsh Ranches tract(Vol.237,Pg. 562)the following courses and distances: South 00°58'02"East, 1,250.04 feet; South 88126'49" West, 1,055.84 feet to a 4 inch metal post found; 1 South 17°16'01"West, 1,973.87 feet; jI South 50°20'51" East,244.06 feet to a 4 inch metal post found; South 33°31'25" East,278.03 feet; South 70°54'56" East, 148.55 feet; South 71°45'30" East,306.48 feet; South 71°47'05" East, 812.68 feet; South 49°29'16"East, 167.90 feet; First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 17 I i South 01°21'28" East,764.09 feet to a cross tie found at the southeast property corner of the said 350.42 acre tract, same being the northeast property comer of the said 737.227 i acre tract; I THENCE South 00°09'21"East, along the said east property line of the said 737.227 acre tract and continuing along the said west property line of the Walsh Ranches tract,423.47 feet; THE, departing the said property lines and over and across the said 737.227 acre tract the following courses and distances: i South 89°50'39" West, 126.35 feet to the beginning of a non-tangent curve to the left having a radius of 30.50 feet; Along the said curve to the left, an are length of 23.55 feet and across a chord which bears South 21°58'01" West, a chord length of 22.97 feet; South 00°09'21" East,228.80 feet; i South 89°05'25" West, 129.67 feet; j South 00°54'35" East, 350.00 feet; South 89°05'25"West, 5.00 feet; South 00°54'35"East, 125.00 feet; 1 South 89°05'25" West, 730.00 feet; South 00°54'35"East,300.00 feet; j South 89°05'25" West, 300.00 feet; jI i North 00°54'35" West, 360.00 feet; I South 89°05'25"West, 650.00 feet; North 00°54'35" West,420.00 feet; E South 89°05'25" West, 550.00 feet; North 00°54'35" West, 60.00 feet; E I South 89°05'25" West, 350.00 feet; North 00°54'35" West, 5.00 feet; First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 18 1 South 89°05'25" West, 300.00 feet; North 00°54'35" West, 153.08 feet; North 45°54'35" West, 14.14 feet; South 89°05'25" West,225.00 feet; l South 89°l6'06" West, 80.00 feet; j South 89126'50" West, 517.88 feet; i. South 00133'10" East, 120.00 feet; a it South 89°26'50" West, 8.63 feet; i South 00°13'12" West,234.40 feet; , I � South 08°17'52" West, 51.41 feet; South 21°44'36" West,279.36 feet; South 68'15'24"East, 74.92 feet to the beginning of a curve to the left having a radius of I 280,00 feet; 1 Along the said curve to the left,an arc length of 23.37 feet and across a chord which bears South 70°38'53"East,a chord length of23.37 feet; '38" West 121.40 feet South 16 57 I South 39°39108" West, 179.32 feet to the beginning of a non-tangent curve to the right having a radius of 1,045.00 feet; , Along the said curve to the right,an are length of 17.50 feet and across a chord which , bears South 49°52'05" East, a chord length of 17.50 feet; i , South 49'23'17" East, 64.43 feet; South 40°36'43" West, 127.97 feet to the beginning of a non-tangent curve to the left having a radius of 30.50 feet; j Along the said curve to the left, an arc length of 24.87 feet and across a chord which bears North 86°14'07" East, a chord length of 24.19 feet to the beginning of a curve to the right having a radius of 50.00 feet; First Amendment to 2027 Development Agreement for Morxiirlgstar Ranc11-Page 19 I i i Along the said curve to the right, an are length of 178.66 feet and across a chord which bears South 14145'25" East, a chord length of 97.68 feet; South 02°23'24" East,20.00 feet; South 40°36'43" West, 118.81 feet; I North 49°23'17" West, 155.00 feet; t North 51°43'41" West, 97.88 feet; } North 59°04'13" West, 97.32 feet; i 1 North 66°17'41" West, 98.06 feet; North 68'15'24" West,355.00 feet; South 21044136" West,95.00 feet; { North 68°15'24" West, 119.72 feet to the beginning of a non-tangent curve to the left having a radius of 3 0.5 0 feet; 1 i I Along the said curve to the left, an are length of 11.49 feet and across a chord which bears South 03°09'00" West,a chord length of 11.42 feet to the beginning of a curve to the right having a radius of 50.00 feet; 3 i { Along the said curve to the right,an arc length of 129.82 feet and across a chord which bears South 66°44'36" West,a chord length of 96.31 feet to the beginning of a curve to j the left having a radius of 30.50 feet; i Along the said curve to the left, an arc length of 15.64 feet and across a chord which bears North 53°33'56" West, a chord length of 15.47 feet; I 3 North 68°15'24" West,225.38 feet to the beginning of a curve to the left having a radius of 500.00 feet; Along the said curve to the left, an are length of 49.89 feet and across a chord which j bears North 71°06'54" West, a chord length of 49.87 feet; i South 15°56'45" West, 115.99 feet; North 85147'44" West, 144.39 feet; First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 20 i South 89°29'59" West, 987.57 feet to a point on the said east right--of-way line of Fanner Road,said point being at the beginning of a non-tangent curve to the right having a radius of 1,849.86 feet; THENCE along the said right-of-way line and along the said curve to the right, an are length of 482.27 feet and across a chord which bears North 08°25'25" West,a chord length of 480.90 feet j to a MOT monument found; THENCE North 00°57'45" West, 796.84 feet to the beginning of a non-tangent curve to the right having a radius of 7,579.44 feet; THENCE along the said right-of-way line and along the said curve to the right,an are length of 461.63 feet and across a chord which bears North 00148'44" East, a chord length of 461.56 feet li to the POINT OF BEGINNING. E The herein above described tract of land contains a computed area of 530.3980 acres (23,104,137 square feet) of land,more or less. i The bearings recited herein above are based on a local coordinate system based on NAD83 Texas North Central Zone 4202, derived from GPS RTK observations using the Not Texas VRS Network(maintained by Allterra Central,Inc. I I f i I I i I I 1 I E { First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 21 i Exhibit A-1 Legal Description of the Lyon Ranch Property Logalilewiiptidb.oft W., Ileing u 350.42 marts trmat duturnrinetl try field survey s[tualed in trio I__'DEr5N SU[tVLY,AUSTRACTNt *334; 1N.f1LOV,Elt Sl > 11EY,A]ISTRACT NO.23940-MCRI�ESSIlRV.E�',AQSTRACfi Ne?.�27 aiid.the C.RIDP.Ht i SIiRVCY,ABSTRACTNO:1I21;ParkfiCubnty,Tex:s,Wnb all th-rollowhigealI'Mtraces; CAIW302Ares =,odnveye i by theLyun LivtiiS Trost laTummy Cahin Lyon,Darrell Fuqudus j evidan ed by'd&kdrecurdM tii V'oltttrie<�1874, Pagel685,Roil Prei 0ty Reewth Parker Gouiify,'Ttjias{TraitsI and 10,]C.4[14-4 1 1 wres�•1-taiiveye..,d by tfw Lyua Livbig Truti to Tommy Lyon& pam Lyon Fuqua as-ev[demed by deaxl re iardei►11*h Ver[tune 1874,Fabe t58'0,Reul Properly kec6rdN Phvker Coudity, 'TdXa,;Culled 20 neret;,t.1- GitnYeyte�I by the Lyoit Liyin.Z Thn1 to Uatresl Joe.Lyon as ei td cr d by dex:d rex i r&d it Vo[trme:1574,Pale:67..6. ttetel pt4>l5e:rty Iec�iril�Parker C,t,irty,Te trifle; and Cellli}2 82c .a e:urit�eytvl lry lta'Ci►lvin Ly1ai,7'otrjrriy Calvin Lyon,maid Dairrell .Foe Lyon to Testy W`uyiie;Fuqua; 1r..dn'd Pajrr�la Call rtigtia as evideri&.by deed re:5t;irrde d to Vulutrre 2002,Page;2Q Real Pwo.rrly Records Parkw'Cotm!y, Tea t s- Said 350.42 were tract t)ding vilre. p.articuin.rly�dose ribeel by t&AfA and beurids a9fo[lu*' $1:(jINNING al.112".I rw rod found lri the wth line orsaid Trat;t 1I,being the northerly sowheast.e:mtr of that eertalntractofleaddewrikdbideedtoLA�tsyJaDearitryttm"Wtr,i:GOwrdcelin Volume 547,Page.487,Dad Re4"- +1s, Pad; r Csaet3ity,Teittrs,grid bxirtg the souftft--t eeriiter of HOLLY ltZOE, ESTATES,toe Additim in PatkBr Ctiviity, I Texas, al1A3rdhi# to the Plat rmoidee-d in Plat Cfi root,% Slide 074, Pint lkbcords, Ptrrkgr:CQttn[y, j as, Bald FN REANl1b pulpt_ h'viri a NAD 83, Zme 41M (grid) It orillrilte yalub of 146RT1*1696C56?8} and EAST!2.24790&42e for refer; ?taf TkIENCE N W303611 E,along rho wi m�Jim u fsaid Truct 11 and imid"OLLY i#1Lt�A ESTATES,at 92.,6,8 S Tpa nga 1F2" Irbh i'�itinel iti the etirtilrteii�lowo ier.of Lots 13 aiid 14.ofgdd:llOLtY.R.11-E FSTA'FES And. eelitirjubg,cilwi�said t,c,inriviliII.W.ur all,�,3istaixegof.1856.33fowl to.apulntatiliesoudi t's'�ts� WdHOLLY lklCrf C ES7'�TFsS.urptl #x;li►g Qje suuthwt�;t ceitrtts of ihut 4rrWEh lmet of Iuiiii de*'r MCE7S Rini, rewided hi Volume 1404,Pagel 1104;lts`lel P4erly Re&)rds,Parker'Coj nty,TeXas friary sold urine a 3"F rental fex;e cxtrsler pose round beam N.SSt0'FII"C,n dime Uf 17 felt uiral are$''.world past fourrtlliE ars;1*1 i4' '1.8" ;u. ! al[sta!�tiF 1.lip I'ort,forrefr�ee� I I TIIEATCE N 8q'04'36'"ls,:adist;iiit�:of 0.83� f�i to flee 3itirtlitve�l eoYrr!t7 e;f that e=stttuin trrrt�t of libjil de}>;orlbed iii deed.to BAR-KO 14 d.Cbmgrury,LLC,rtxvrded in lmmarnt�nt N-ofribe�2D.1►93.i2(�i,Of�eial Poblie;R&ordt, Piirktr Coutlty,Tecaa; THENCE-t twig the wvest and.woth line ofsaid BARLK O Land Qim tarry,LLC;it d.as E'ol lotus: s 604694" L,a distaaei Uf 35407 W 10 u t!2" c',upp+:i3(run rate fci0ndx tgneped"C..ir Star}:RPLS iQ& " At the. i�ittlitr l txir�eruf mry,LIC,.ltst, bGin then Ireltmiiiig uf>i eritt�eaii.tlie it�lil,+Jrhsistie rueliu~;13 37.S.Qb feet irate>irhrysts iorgt elit>rt3 bears S??°03'fl�'i"I_,re,rlrotd disiiuji�ert'7a.75 fact; Al+iai .said t:ttt+'e in a s�itrlhettsiatt'l diret:tieiti,tlrt�itrgh a ex�itra[angltro i`128f}3'.1 ff",nri art+tl[stur�es bf 78,�t�feel is 1l2"capped ironr�od eophi3 ktamt*d"C.Fz 5intkRIlls 5084%S_66`'0I126"91 adlsbmb of-77I.'73 f to a 1J2" ed � irtiu roil found stamped"C.F,Stark Itt'LS$©SA!';N 51�34'17'"P_,a disianv�xif fi�7'�fed to u!1 meta] beast found f At the sotit}ieast rr pf idt[d BAk40 LaINJ Ctajipnaiy,LLt , ►rasa, ALvu bung.ilre Wuftrly ihVA:-A railer of { dial esitni" h-Wi.or landl 'deix,'rlbed indeed to TSAR K[r LaW Comp"a!iiy,. LLC, rewrdbd'ire lnilrrrtY d t Nuribtr 2k14!7412.,Oftetird Publio Rot.:trrds,Packet County,Tew,b&tg in the east 11"o of 9'aw 7rae;t I rind b fir);the artist iissttl rl}' nortirvt4 t a atelier +rf tb'at cer$id tract of land lit ktlbed io'iFecil to William -In i iiremnieli Vglume23.?,PAge tr2,Ue tl ketxrr+ls,IfrtrlerCotjiily,7exas; TkISI CE along tiie�omrnon llne bf Wd Trset.li Anil i;d Planing,xU l trati,ge*rally alang u re.pti,as rellaw; S W58103"I:,adistancr•of 1250.06fieltu u4"metal frta�c�rrtj�rpe�ifamid; S 8V275["t;(,adistawaof 105562 fee ton-4"metal fens*ecrtrt6rposl found, S 17"25'05"W,udiatarirx:yf I565:81 feel to Abend in staid ferwe,, First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 22 S IV27'teil"W.a distance oM93S feel tea a 1t2"cap*iron rota set statnited T.F-Stark I MS,5084" S,5OP20124"H,a tllstanve of244j t7 feat to a✓11 metal fence comer post falmd, S 3311.1141"E,a tlisuinco nf277.%f�;t 4o a 4"i11c:toil Pence corner post faunti; Iq 7f1°SS'i4"t?,a di.swica of 149,53 lark to n 4"nictal.Bence post(bUitd: S 71045148"E.ii distancu of 306.43 feat to a me-'cal fenor.pw5k Njud; 971CAT23"V.,a-dista mv.of 812,54 f LA to a W"capped iron rood gut Stamped"C.V.SOark RPL5 5094" � S 49" 9-434" F,a distame;of 167.87 foot io 1 i2." capped iron rail Set htarntlM TY,Stark RIII.S.5P84" w 4l'2 t'46'1 t?,u distarwc o r;�3.�))fs ct to a 6" wcnid Ion=c a n,cr po%l 1bund oat the SOtttt4eaSt condor 4t•Sald'lyded he s cornar of that certain traot or land de twribe:d in(toot to]'Vt PW Holdings,Ino„rect�rdes9 j 11 and heirllt the rmork [i t t in Inatrunieni Nuniber 2014-10303,Offta:•inl Public Rccords,Parker County,Texas, I fH NCf~4 9° Oi4t9'"W,4ltntig the col), Inn line of satid'fnmot II alnd said FWPW 1laitlings,Inc.;tract;a distance ` of 4212,50 fuct to a 4"makal fence uomor posl found al t1w soulliwost onmer of s414'f art 11; i j THENCE N ON V58" W,MltirtRting 4110Otg the conirirun tiiio of siald Tract 1I arid Sant I'WFW Hulaiittl;tt, Inc:,, � tract,ti dinaW of 247,39 feet to.n 4"tlioLil Bases Cotner post t-oond at the southcasl obrnor of said Ttauk 1, 3 THENCE N 9904041"W,atrrng tbo gammon line of said Tract I and ysid MVPW Holdings,lac„iract,a distance W'24:3,3 M fccl to a Texinh Dvpurtmcnt or Public Transpimatiun Monunicill found Olcmin arm-oailed TXDOT i nls,nt Awnt)41 the cast line or Farm'I'o N12irket Highway 332.5 (,A,.KA Fanner Road-Riglit-Of-Wary varies)and Tieing the noobwest corner of-arid li 1VFW TIa1;j'iilgs,lne,a tract,said TxD T nionunienl found boirtg in n c rve to ' i s 579,44 Beet and wliose lone chord hears 1�;0:1"i 3'30"E,a chard distance of 199.35[eel; thcrig}lk,�vhoac rlk�ttt .} 7 � i Ti.1FNCF ailon,g die cast lino ofauiel Farta To Markel highway 3325 anti tmlong said curve, in a rlortlletiterrly e.io i to>tt 11 Ccntrall nr� lc n1V``VSY,am fire distnn.ce of 199,35 ieet to n'rxDt7T n1o€iunwnt retuned, rll rc t i t,t � � a g { 6 1 �� r Market Highway 3325 a diwmce of at�sl lino of said I�dttiii To , � kin Oie 4 t� . t?3 .b2�s L cottllttuitl Viking 8 k' TIIJ:LYC•E N � � of a cur4'o to 11►e•l€il,wlmu a radius i!;70)A4 feet and unlerit rsiuitd at the beginning '3J 5,95 feet to tt TxDCiT rnon rwhow i.-on ahtird bunts�'n3u2�ti #" ,achord dlslance of t 22,.$9.feet,, the eal;t line of wid Parm Tn ?�4arket Hi hw5y 3;3,25 ¢nd along said curve, its a 1 THENCE ..c�rltinurng tileinE, � nc,rtllefi terly d'irectiatl, through a eciitttal angle. of Oftt K441, an arc distance of 122.S+t} faco to is TxDOT tllDnumotlt found in the north lute of gain Tract 1, in the.worth line oaf saki Betsy Jo Doairing Browdur tract arts! 3 being ilia most.westerlY nortIMUt cOMOr.Or the hMiti dC41t7ribed 350.42.ocrg Wlct; THENCE N 8r-51,30"E,leaving tiro east line L)f said F'urin To Market Highwitp:1a25,th1wtg Ole c0nitnon line ofaaid Tract I raid said Betsy 3o Dearing Browder tfaci,parsing tlmo northeast corder or Said Tract I and the wost westerly f i' Tract It and continnin RIDI, the•coliimon Jura of said '(Pact i1 and said 1ktsy!t►Dearing n+nrthwi.sO sxyraticr o said R b �. col Knuthvvd cOMor aE l3ri�wdur. tru�;t, in all, a diytantie atf 32A•7,97 ft:•el to a i� Arun rtitl found at the Most�uih y said Detsy 10 Dearing Browder tract; I THENCE along kho common line ofmiti'I'raict 11 and saitl.Bfilsy Jo Ocaring 13fowder Orator,gmen,tlly along a fence,as fo1l+�vi's: N 01110,2o"Vet, a stiiance of 262.t12 film to a NP(I in saud hence, At 01102951" W,a distaml ,,uf510,59 feat to a bond in paid fence; 0 51111 1911 W, a distance,or940.l feet to a'b0d in said fe~ns:.e; N i}i"'Is,59"W,a distance of'1471,49 reet to u Wild In said renec; First Amendment to 2021 Development Agreement for Mornvlgstar Ranch-Page 23 N 01''2214"W,a distaftco of 416,49 fat:to 4 fiend hi mid f0ticx; .i N 01'129'13"W,a dihian.e tj 0 59,'25 feet 10 it bud itti said fence„ i N 01102156"W,i distance 00$3,16 feet to u 4P1 rtlet,1l fence corder post foUnd at 1110 mast ac0rtllcriY northwest c0i71i'.r.of sale 17740 1t and hcinS an cU coruT of gtid Bek3?it)Ikating 1ir�tlt*1 hi,et; T'MEN'C E N 99126'2$") ,eontititting R1Gng the Wininon line of said Tract 11 and Sa[d.Betsy Jo ihariag k3rnwdcr tract,a disianc>r of 197. f;#ect to the POINT O BEGINNING ariil containing 1 150.42 acres u rifuld,titoro ter less, i i i i . 1 i i i i i i First Amendment to 2021 Development Agreement for Morningstar Ranch-Page 24 i Exhibit A-2 Legal Description of Garden Home Tract { BEING a 35.0620 acre tract of land located in the W. Glover Survey ,Abstract No. 2584,Parker County,Texas,said 35.0620 acre tract of land being a portion of a called 350.42 acre tract of land conveyed to 350 Lyons Land Investments,LLC,by deed thereof filed for record in Parker County Clerk's Instrument No. (P.C.C.I.No.)202112419, Official Public Records,Parker County,Texas(O.P.R.P.C.T.),said 35.0620 acre tract of land being more particularly described by metes and bounds as follows: BEGINNING at a 4-inch Texas Department of Transportation brass monument found in i concrete,hereinafter refer to as a TXDOT monument found, at the most westerly southwest property comer of the said 350.42 acre tract,same being the northwest property corner of a called 737,227 acre tract of land conveyed to FWFW Holdings,Inc. by deed thereof filed for record in P.C.C.I.No.201410303, O.P.R.P.C.T.,said beginning point being on the east right-of- way line of Farmer Road,being a variable width public right-of-way also known as FM 3325, said beginning point also being at the beginning of a curve to the right having a radius of 7,579.44 feet; i THENCE along the west property line of the said 350.42 acre tract and along the said right-of- waycourses and distances: line the following , E I j Along said curve to the right, an are length of 189.30 feet,and across a chord which bears I North 03105'58"East,a chord length of 189.29 feet to a TXDOT monument found; , North 3'56'11"East, a distance of 316.07 feet to a TXDOT monument found at the I beginning of a curve to the left having a radius of 7,699.44 feet; Alongsaid curve to the left an arc length of 122.59 feet, and across a chord which bears I g I North 03034'18" East a chord length of 122.59 feet to a TXDOT monument found at the , n 1 most westerly northwest property corner of the said 350.42 acre tract,same being the need to Creek Pasture 4 0 acre tract of land conveyed , southwest property corner of a called 51 Y 202043711 O.P .R.P.C.T.; LTD. b deed thereof recorded in P.C.C.LNo. > Y 'd right-of-way line aloe a north roe line THENCE North 89 52 58 East, departing the said g property rtY of the said 350.42 acre tract and along the south property line of the said 514.0 acre tract,a distance of 2,393.82 feet to a 5/8"iron rod with cap stamped"SPOONER 5922"set; j THENCE South 00°57'22"East,over and across the said 350.42 acre tract, a distance of 641.00 to a 4"metal fence post found at southwest internal property corner of the said 350.42 acre tract, same being a northeast internal property corner of the said 737.227 acre tract; 1 First Amendment to 2021 Development Agreement for Moli-ngstar Ranch-Page 25 i i I THENCE North 89°4648"West,along the south property line of the said 350.42 acre tract and along the north property line of the said 737.227 acre tract,a distance of 2,434.10 feet to the POINT OF BEGINNING. The hereinabove described tract of land contains a computed area of 35.0620 acres (1,527,300 square feet) of land,more or less. I II i i I i a i I I� i { I i j k i f i I First Amendment to 2021 Development Agreement for Moriun.gstar Ranch-Page 26 i i i i i v i p x a w �Q a m � o m i Q N 0 cq O I l i I I 136 � T u j s } I 1 I i i} I U o L I O I � I I � I I 1 i ' I I I I I , paoy£�w of I 1