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HomeMy WebLinkAboutResolution 4671-08-2016 A Resolution NO. 4671-08-2016 A RESOLUTION ACCEPTING THE FILING OF A PETITION TO CREATE A PUBLIC IMPROVEMENT DISTRICT; SETTING A DATE FOR A PUBLIC HEARING; AUTHORIZING THE PUBLICATION OF NOTICE; AND ENACTING OTHER PROVISIONS RELATING THERETO WHEREAS, on August 1, 2016, the City Council (the "Council") of the City of Fort Worth, Texas (the "City") received a petition (the "Petition") requesting the creation of a public improvement district under Chapter 372 of the Texas Local Government Code (the "Act") to be known as the "Walsh Ranch/Quail Valley Public Improvement District" (the "District"); and WHEREAS, the Petition, a copy of which is attached hereto as Exhibit A, has been examined, verified, and found to meet the requirements of Section 372.005 of the Act and to be sufficient for consideration by the Council; and WHEREAS,the Petition describes the improvements to be financed with the District; and WHEREAS, the boundaries of the proposed District are described in the attachment to the Petition; and WHEREAS, currently, the boundaries of the proposed District are partially within the corporate limits of the City and partially in the City's extraterritorial jurisdiction, and it is anticipated that the property within the District will ultimately be incorporated fully into the corporate limits of the City; and WHEREAS, pursuant to the Act, the Council is required to conduct a public hearing concerning the creation of the District and to provide notice thereof, which notice shall be provided in the manner and contain the requisite information specified in the Act; and WHEREAS, the Council hereby finds and determines that, based on its receipt of the Petition, the City should proceed with conducting a public hearing concerning the creation of the District and the giving of notice of such public hearing in the time, form and manner provided by law; and WHEREAS, the Council hereby finds and determines that these actions are in the best interests of the residents of the City; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT: V 1. The findings and determinations set forth in the preambles hereto are hereby incorporated by reference for all purposes. 2. A public hearing is hereby scheduled at 7:00 p.m., on Tuesday, September 20, 2016, in the City Council Chamber, City Hall, 1000 Throckmorton, Fort Worth, Texas to receive public comment on the creation of the District in the area described in the Petition attached as Exhibit A,pursuant to the Act. 3. Notice of said public hearing, in the substantially final form presented herewith in Exhibit B, with such changes as may be approved by the City's counsel, shall be published in a newspaper of general circulation in the City before the 15th day prior to the hearing as required by the Act. 4. Written notice, in the substantially final form presented herewith in Exhibit B, with such changes as may be approved by the City's counsel, shall be mailed to each property owner, as reflected on the tax rolls, of property subject to assessment under the District, before the 15th day prior to the date set for the hearing. 5. The Petition is hereby accepted as meeting the minimum requirements of the Act and is approved for filing with the City Secretary for public inspection. 6. In considering the establishment of the District, the City Council reserves the right to set parameters for the District that are lesser in scope than what is requested by the Petition, including, but not limited to, setting an assessment area that is less than the proposed boundaries stated by the notice and in the Petition; limiting the types of improvements that may be financed by the District; and prescribing restrictions on obligations of indebtedness that may be issued for improvements. 7. It is officially found, determined and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place and subject matter of the public business to be considered at such meeting, including this Resolution, was given, all as required by Chapter 551, of the Texas Government Code, as amended. Adopted this 30th day of August, 2016. #000 444 Q0 A4 ATTEST: YA� p96 011 Mary J.7User, City Secretary ORT WORT EXHIBIT A PETITION (see attached Petition) PETITION REQUESTING THE ESTABLISHMENT OF WALSH RANCH QUAIL VALLEY PUBLIC IMPROVEMENT DISTRICT This petition (this "Petition") is submitted to and filed with the City Secretary of the City of Fort Worth, Texas, (the ":U") by QUAIL VALLEY DEVCO I, LLC, a Texas limited liability company, and WALSH RANCHES LIMITED PARTNERSHIP, a Texas limited partnership (collectively, the "Owners") requesting the establishment of WALSH RANCH QUAIL VALLEY PUBLIC IMPROVEMENT DISTRICT (the "District") pursuant to Chapter 372, Texas Local Government Code, as amended (the "Act") covering approximately 1,703.5682 contiguous acres within the corporate limits and extraterritorial jurisdiction of the City and commonly known as Walsh Ranch (the "Property"). The Property includes four tracts (with three "SAVE AND EXCEPT" tracts) as described by metes and bounds on Exhibit A. The Property is generally located: (1) west of Fort Worth at and north of the intersection of Interstate Highway 20 and Interstate Highway 30; (2) east of FM 1187; (3) south of Old Weatherford Road; and (4) west of the Parker County - Tarrant County boundary line as depicted on Exhibit B. In support of establishing the District,the Owners present the following: 1. GENERAL NATURE OF THE PROPOSED PUBLIC IMPROVEMENTS. The general nature of the proposed public improvements authorized by the Act to be undertaken and financed from time to time in phases for the special benefit of the Property includes the following (collectively, the "Authorized Public Improvements"): 1.1 payment of costs and expenses incurred in the establishment, administration, and operation of the District; and 1.2 acquiring, constructing, improving, widening, narrowing, closing, or rerouting of streets and roadways, including sidewalks, lighting, monumentation, and wayfinding signage; and 1.3 acquisition, construction, and improvement of water lines and related equipment, facilities,and improvements for a water system; and 1.4 acquisition, construction, and improvement of sanitary sewer lines and related equipment,facilities,and improvements for a sanitary sewer system; and 1.5 acquisition, construction, and improvement of stormwater drainage and detention improvements and related equipment, facilities, and improvements for a stormwater management system; and Walsh Ranch Quail valley PID Petition Page 1 1920.010\54992.8 1.6 establishment and improvement of public lakes, parks, and open space, including ancillary public amenities such as playgrounds, athletic facilities, pavilions, trails, irrigation,lighting,benches,trash receptacles,and similar items; and 1.7 acquisition and installation of landscaping, including irrigation; and 1.8 costs associated with the financing of the Authorized Public Improvements including, but not limited to, the costs to issue and sell bonds secured by assessments levied against the Property. 2. ESTIMATED COST OF PROPOSED PUBLIC IMPROVEMENTS. The estimated cost of the Authorized Public Improvements to be undertaken and financed using the District is FORTY-SEVEN MILLION DOLLARS ($47,000,000.00) (the"Authorized Improvements Cost"). 3. BOUNDARIES OF THE PROPOSED DISTRICT. The boundaries of the proposed District are the boundaries of the Property described on Exhibit A and depicted on Exhibit B. 4. PROPOSED METHOD OF ASSESSMENT. The governing body of the City (the "City Council") is authorized by the Act to apportion the Authorized Improvements Cost to be assessed against the Property based on the special benefits accruing to the Property because of the Authorized Public Improvements. The Act provides that the Authorized Improvements Cost may be apportioned to and assessed against the Property in any manner that results in imposing equal shares of the cost on property similarly benefitted including, but not limited to, per front foot or square foot or according to the value of the property as determined by the City Council, with or without regard to improvements on the property. The assessment methodology utilized by the City will result in each parcel paying its fair share of the costs of the provided Authorized Public Improvements with the assessments based on the special benefits received by the property from such public improvements. 5. PROPOSED APPORTIONMENT OF COSTS BETWEEN THE DISTRICT AND THE CITY. The Owners propose that the Authorized Improvements Cost be apportioned solely to the District to the extent the Authorized Public Improvements confer a special benefit on the Property. No City property will be assessed,and the City will not be obligated to pay any assessments levied against the Property or to pay debt service on any bonds issued by the City and secured by assessments levied against the Property in accordance with the assessment methodology approved by the City Council. 6. PROPOSED METHOD OF FINANCING. The Owners propose that 100% of the cost of the Authorized Public Improvements be reimbursed from the proceeds (after deducting, if applicable, Walsh Ranch Quail Valley PID Petition Page 2 1920.010\54992.8 customary costs of issuance including, but not limited to, capitalized interest, debt service reserves, and professional fees) of multiple series of bonds issued by the City when needed to support development of the Property, each of which series: (1) shall reimburse costs for a phase of development that includes at least 200 acres for which the Authorized Public Improvements have been completed; (2) shall have a par amount of at least$5,000,000; (3) shall have a maturity of 30 years; and (4) shall be secured by assessments levied against the completed phase of the Property in accordance with the assessment methodology approved by the City Council. 7. MANAGEMENT OF THE DISTRICT. The Owners propose that the District be managed by the City with the assistance of a third-party administrator hired by the City and paid for as part of the administrative costs of the District. 8. REQUEST TO ESTABLISH THE DISTRICT. The Owners request and concur with the establishment of the District and with the levy of assessments against the Property to pay the Authorized Improvements Cost to the extent the Authorized Public Improvements confer a special benefit on the Property. 9. ADVISORY BOARD. An advisory board may be established to develop and recommend an improvement plan to the City Council. 10. SUFFICIENCY OF THE PETITION. The Property is owned 100% by the Owners. This Petition is sufficient under the Act to establish the District because it is signed by: (1) owners of taxable real property representing more than fifty percent (50%) of the appraised value of taxable real property liable for assessment under the proposal, as determined by the current roll of the appraisal district in which the Property is located; and by (2) record owners of real property liable for assessment under the proposal who: (A) constitute more than fifty percent(50%) of all record owners of property that is liable for assessment under the proposal; or (B) own taxable real property that constitutes more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal. Walsh Ranch Quail valley PID Petition Page 3 1920.010\54992.8 QUAIL VALLEY DEVCO I,LLC, a Texas limited liability company By: RPG QVR, LLC, a Texas limited liability company By: Republic Property Group, Ltd., a Texas limited partnership, its Manager By: RPG, LLC, Texas limited liability company,its er/ Partnner By: % r Jake Wagn r, C -CEO Page 4 WALSH RANCHES LIMITED PPARTNERSHIP, a Texas limited partnership, By: Walsh North Star Company, a Texas c i n, its Gen rat Par r By: aL� G. Malcolm Louden, sid4nt Page 5 Exhibit A Description of the Property TRACT 1 (Quail Valley) Being a 1,211.51 acre tract of land situated in the Houston Tap & Brazoria RR Co Survey, Abstract Number 654,the Houston Tap &Brazoria RR Co Survey,Abstract Number 647,the International & Great Northern RR Co Survey, Abstract Number 1995, the International & Great Northern RR Co Survey, Abstract Number 1996, the International & Great Northern RR Co Survey, Abstract Number 2004, G. Tandy Survey, Abstract Number 2356, the Heirs of C.H. Higbee Survey, Abstract Number 2740 and the M.0 Moulton Survey, Abstract Number 934, Parker County, being part of a tract of land described in deed to Walsh Ranches Limited Partnership, as recorded in Volume 1699, Page 1765, Deed Records, Parker County, Texas (D.R.P.C.T), as previously described in deed recorded in Volume 237, Page 562, D.R.P.C.T., said 1,211.51 acre tract of land being more particularly described as follows: COMMENCING at an aluminum TXDOT disc found for corner on the east right-of-way line of F.M. 3325 (variable width), said corner being on the north line of said Walsh Ranches Limited Partnership tract; THENCE North 89 degrees 18 minutes 10 seconds East, along said Walsh Ranches Limited Partnership tract, a distance of 5178.11 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner for the POINT OF BEGINNING; THENCE North 89 degrees 18 minutes 10 seconds East, along said Walsh Ranches Limited Partnership tract, a distance of 49.67 feet to a 5/8 inch iron rod with yellow cap stamped "DUNAWAY ASSOC. LP" found for an ell corner of said Walsh Ranches Limited Partnership tract THENCE North 00 degrees 33 minutes 20 seconds West, along said Walsh Ranches Limited Partnership tract, a distance of 2015.32 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner near the south side of Old Weatherford Road (undedicated); THENCE South 82 degrees 28 minutes 09 seconds East, along a fence, a distance of 120.54 feet to a railroad spike set for corner; THENCE North 88 degrees 23 minutes 39 seconds East, along said fence, a distance of 2130.14 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 89 degrees 27 minutes 38 seconds East, along said fence, a distance of 477.65 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; Walsh Ranch Quail Valley PID Petition Page 6 1920.010\54992.8 Exhibit A Description of the Property THENCE South 03 degrees 41 minutes 11 seconds East, departing said fence, a distance of 394.47 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 89 degrees 37 minutes 10 seconds East, a distance of 651.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 00 degrees 22 minutes 50 seconds West, a distance of 594.83 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner near a wire fence and the south side of Old Weatherford Road; THENCE South 85 degrees 44 minutes 35 seconds East, along said fence, a distance of 286.37 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the left having a radius of 960.00 feet, a central angle of 22 degrees 24 minutes 34 seconds, and a chord bearing of South 76 degrees 05 minutes 43 seconds East, a distance of 343.09 feet; THENCE South 87 degrees 18 minutes 00 seconds East, a distance of 620.89 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 02 degrees 42 minutes 00 seconds West, a distance of 53.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 87 degrees 18 minutes 00 seconds East, a distance of 146.19 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 1023.50 feet, a central angle of 31 degrees 17 minutes 49 seconds, and a chord bearing of South 71 degrees 39 minutes 05 seconds East, a distance of 552.15 feet; THENCE with said curve to the right an arc distance of 559.07 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 1076.50, a central angle of 51 degrees 45 minutes 52 seconds, and a chord bearing of South 81 degrees 53 minutes 07 seconds East, a distance of 939.83 feet; THENCE with said curve to the left an arc distance of 972.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 1037.00, a central angle of 11 degrees 36 minutes 01 seconds, and a chord bearing of North 78 degrees 01 minutes 58 seconds East, a distance of 209.59 feet; Walsh Ranch Quail valley PID Petition Page 7 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the right an arc distance of 209.95 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 06 degrees 10 minutes 02 seconds East, a distance of 51.52 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 1037.00 feet, a central angle of 02 degrees 09 minutes 38 seconds, and a chord bearing of North 81 degrees 42 minutes 27 seconds East, a distance of 39.10 feet; THENCE with said curve to the right an arc distance of 39.10 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 3154.50 feet, a central angle of 00 degrees 41 minutes 44 seconds, and a chord bearing of South 01 degrees 58 minutes 20 seconds East, a distance of 38.29 feet; THENCE with said curve to the right an arc distance of 38.29 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 01 degrees 37 minutes 29 seconds East, a distance of 132.96 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 1598.00 feet, a central angle of 08 degrees 48 minutes 07 seconds, and a chord bearing of South 02 degrees 46 minutes 35 seconds West, a distance of 245.25 feet; THENCE with said curve to the right an arc distance of 245.49 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the left having a radius of 193.00 feet, a central angle of 44 degrees 10 minutes 32 seconds, and a chord bearing of South 23 degrees 39 minutes 24 seconds West, a distance of 145.15 feet; THENCE with said curve to the left an arc distance of 148.81 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 517.00, a central angle of 18 degrees 34 minutes 00 seconds, and a chord bearing of South 10 degrees 51 minutes 08 seconds West, a distance of 166.80 feet; THENCE with said curve to the right an arc distance of 167.53 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 783.00, a central angle of 19 degrees 59 minutes 11 seconds, and a chord bearing of South 10 degrees 08 minutes 33 seconds West, a distance of 271.75 feet; Walsh Ranch Quail Valley PID Petition Page 8 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the left an arc distance of 273.13 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 00 degrees 08 minutes 58 seconds West, a distance of 257.44 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 603.00, a central angle of 32 degrees 28 minutes 53 seconds, and a chord bearing of South 16 degrees 05 minutes 29 seconds East, a distance of 337.29 feet; THENCE with said curve to the left an arc distance of 341.84 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 407.00, a central angle of 34 degrees 47 minutes 54 seconds, and a chord bearing of South 14 degrees 55 minutes 58 seconds East, a distance of 243.41 feet; THENCE with said curve to the right an arc distance of 247.19 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 443.00, a central angle of 15 degrees 47 minutes 58 seconds, and a chord bearing of South 05 degrees 26 minutes 00 seconds East, a distance of 121.77 feet; THENCE with said curve to the left an arc distance of 122.16 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for point of reverse curvature of a curve to the right having a radius of 837.00, a central angle of 20 degrees 46 minutes 55 seconds, and a chord bearing of South 02 degrees 56 minutes 31 seconds East, a distance of 301.93 feet; THENCE with said curve to the right an arc distance of 303.59 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 453.00, a central angle of 38 degrees 38 minutes 54 seconds, and a chord bearing of South 11 degrees 52 minutes 31 seconds East, a distance of 299.81feet; THENCE with said curve to the left an arc distance of 305.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for point of reverse curvature of a curve to the right having a radius of 127.00, a central angle of 43 degrees 22 minutes 47 seconds, and a chord bearing of South 09 degrees 30 minutes 34 seconds East, a distance of 93.87 feet; THENCE with said curve to the right an arc distance of 96.15 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 193.00, a central angle of 24 degrees 51 Walsh Ranch Quail valley PID Petition Page 9 1920.010\54992.8 Exhibit A Description of the Property minutes 04 seconds, and a chord bearing of South 00 degrees 14 minutes 42 seconds East, a distance of 83.06 feet; THENCE with said curve to the left an arc distance of 83.71 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for point of reverse curvature of a curve to the right having a radius of 200.00, a central angle of 24 degrees 05 minutes 05 seconds, and a chord bearing of South 00 degrees 37 minutes 41 seconds East, a distance of 83.45 feet; THENCE with said curve to the right an arc distance of 84.07 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 100.00, a central angle of 35 degrees 28 minutes 59 seconds, and a chord bearing of South 06 degrees 19 minutes 38 seconds East, a distance of 60.94 feet; THENCE with said curve to the left an arc distance of 61.93 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 24 degrees 04 minutes 08 seconds East, a distance of 651.54 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 65 degrees 20 minutes 07 seconds East, a distance of 199.81 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 1018.00 feet, a central angle of 03 degrees 21 minutes 56 seconds, and a chord bearing of South 10 degrees 40 minutes 28 seconds East, a distance of 59.79 feet; THENCE with said curve to the right an arc distance of 59.80 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of said curve and the beginning of a circular curve to the right having a radius of 988.00 feet, a central angle of 08 degrees 10 minutes 18 seconds, and a chord bearing of South 01 degrees 18 minutes 56 seconds East, a distance of 140.79 feet; THENCE with said curve to the right an arc distance of 140.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 612.00, a central angle of 04 degrees 23 minutes 39 seconds, and a chord bearing of South 03 degrees 49 minutes 07 seconds West, a distance of 46.92 feet; THENCE with said curve to the left an arc distance of 46.94 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; Walsh Ranch Quail valley PID Petition Page 10 1920.010\54992.8 Exhibit A Description of the Property THENCE South 01 degrees 37 minutes 18 seconds West, a distance of 141.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a circular curve to the right having a radius of 110.00 feet, a central angle of 85 degrees 58 minutes 45 seconds, and a chord bearing of South 44 degrees 36 minutes 40 seconds West, a distance of 150.01 feet; THENCE with said curve to the right an arc distance of 165.07 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 87 degrees 36 minutes 03 seconds West, a distance of 13.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 02 degrees 23 minutes 57 seconds East, a distance of 140.41 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 87 degrees 36 minutes 03 seconds East, a distance of 15.09 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature a circular curve to the right having a radius of 85.00 feet, a central angle of 94 degrees 01 minutes 15 seconds, and a chord bearing of South 45 degrees 23 minutes 20 seconds East, a distance of 124.35 feet; THENCE with said curve to the right an arc distance of 139.48 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 01 degrees 37 minutes 18 seconds West, a distance of 59.40 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature a circular curve to the left having a radius of 1095.50 feet, a central angle of 17 degrees 13 minutes 58 seconds, and a chord bearing of South 06 degrees 59 minutes 41 seconds East, a distance of 328.25 feet; THENCE with said curve to the left an arc distance of 329.49 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a compound curve to the left having a radius of 1012.00 feet, a central angle of 06 degrees 01 minutes 18 seconds, and a chord bearing of South 18 degrees 37 minutes 19 seconds East, a distance of 106.31 feet; THENCE with said curve to the left an arc distance of 106.36 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 21 degrees 37 minutes 58 seconds East, a distance of 116.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature a circular curve to the right having a radius of 989.60 feet, a central angle of 04 degrees 30 minutes 39 seconds, and a chord bearing of South 19 degrees 22 minutes 32 seconds East, a distance of 77.89 feet; Walsh Ranch Quail valley PID Petition Page 11 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the right an arc distance of 77.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a compound curve to the right having a radius of 1016.50 feet, a central angle of 15 degrees 47 minutes 29 seconds, and a chord bearing of South 09 degrees 14 minutes 25 seconds East, a distance of 279.27 feet; THENCE with said curve to the right an arc distance of 280.16 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 01 degrees 20 minutes 41 seconds East, a distance of 133.67 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 1083.50 feet, a central angle of 28 degrees 36 minutes 02 seconds, and a chord bearing of South 15 degrees 38 minutes 42 seconds East, a distance of 535.26 feet; THENCE with said curve to the left an arc distance of 540.85 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 988.00 feet, a central angle of 17 degrees 59 minutes 08 seconds, and a chord bearing of South 20 degrees 57 minutes 08 seconds East, a distance of 308.87 feet; THENCE with said curve to the right an arc distance of 310.14 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 612.00 feet, a central angle of 01 degree 29 minutes 47 seconds, and a chord bearing of South 12 degrees 42 minutes 28 seconds East, a distance of 15.98 feet; THENCE with said curve to the left an arc distance of 15.98 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 1004.50 feet, a central angle of 08 degrees 27 minutes 45 seconds, and a chord bearing of South 09 degrees 13 minutes 29 seconds East, a distance of 148.23 feet; THENCE with said curve to the right an arc distance of 148.36 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of compound curvature of a curve to the right having a radius of 138.00 feet, a central angle of 90 degrees 27 minutes 45 seconds, and a chord bearing of South 40 degrees 14 minutes 16 seconds West, a distance of 195.95 feet; THENCE with said curve to the right an arc distance of 217.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 79 degrees 03 minutes 38 seconds West, a distance of 461.79 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of Walsh Ranch Quail Valley PID Petition Page 12 1920.010\54992.8 Exhibit A Description of the Property curvature of a curve to the left having a radius of 1105.00 feet, a central angle of 32 degrees 23 minutes 14 seconds, and a chord bearing of South 84 degrees 44 minutes 45 seconds West, a distance of 616.34 feet; THENCE with said curve to the left an arc distance of 624.62 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE South 19 degrees 31 minutes 47 seconds West, a distance of 468.98 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 1806.29 feet, a central angle of 23 degrees 45 minutes 46 seconds, and a chord bearing of South 08 degrees 04 minutes 14 seconds West, a distance of 743.78 feet; THENCE with said curve to the left an arc distance of 749.14 feet, to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 07 degrees 06 minutes 11 seconds East, a distance of 193.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set in the north right-of-way line of Interstate Highway 30 (a variable width right-of-way); THENCE with the north right-of-way line of said Interstate Highway 30 and Interstate Highway 20 (a variable width right-of-way) the following courses and distances: South 87 degrees 58 minutes 15 seconds West, a distance of 544.40 feet to an aluminum TXDOT disc found; North 79 degrees 44 minutes 29 seconds West, a distance of 102.61 feet to an aluminum TXDOT disc found; South 87 degrees 59 minutes 03 seconds West, a distance of 199.99 feet to an aluminum TXDOT disc found; South 75 degrees 36 minutes 14 seconds West, a distance of 102.49 feet to an aluminum TXDOT disc found; South 88 degrees 00 minutes 36 seconds West, a distance of 78.27 feet to an aluminum TXDOT disc found for the point of curvature of a curve to the right having a radius of 1398.07 feet, a central angle of 31 degrees 36 minutes 57 seconds, and a chord bearing of North 76 degrees 10 minutes 56 seconds West, a distance of 761.70 feet; With said curve to the right an arc distance of 771.45', to an aluminum TXDOT disc found for the point of tangency; Walsh Ranch Quail valley PID Petition Page 13 1920.010\54992.8 Exhibit A Description of the Property North 60 degrees 16 minutes 55 seconds West, a distance of 728.27 feet to an aluminum TXDOT disc found; North 52 degrees 51 minutes 48 seconds West, a distance of 205.86 feet to an aluminum TXDOT disc found; North 65 degrees 36 minutes 35 seconds West, a distance of 204.62 feet to an aluminum TXDOT disc found; North 78 degrees 21 minutes 11 seconds West, a distance of 205.92 feet to an aluminum TXDOT disc found for the point of curvature of a curve to the left having a radius of 3027.79 feet, a central angle of 07 degrees 38 minutes 27 seconds, and a chord bearing of North 75 degrees 04 minutes 32 seconds West, a distance of 403.48 feet; With said curve to the left an arc distance of 403.78', to an aluminum TXDOT disc found for the point of tangency; North 78 degrees 57 minutes 26 seconds West, a distance of 1709.53 feet to an aluminum TXDOT disc found for the point of curvature of a curve to the right having a radius of 5693.90 feet, a central angle of 10 degrees 27 minutes 29 seconds, and a chord bearing of North 73 degrees 43 minutes 41 seconds West, a distance of 1037.85 feet; With said curve to the right an arc distance of 1039.29', to an aluminum TXDOT disc found for the point of tangency; North 67 degrees 25 minutes 24 seconds West, a distance of 1369.53 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 5815.38 feet, a central angle of 03 degrees 38 minutes 25 seconds, and a chord bearing of North 69 degrees 14 minutes 36 seconds West, a distance of 369.41 feet; With said curve to the left an arc distance of 369.48', to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 25 degrees 57 minutes 28 seconds East, a distance of 36.78 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 2050.00 feet, a central angle of 14 Walsh Ranch Quail valley PID Petition Page 14 1920.010\54992.8 Exhibit A Description of the Property degrees 24 minutes 02 seconds, and a chord bearing of North 33 degrees 09 minutes 29 seconds East, a distance of 513.89 feet; THENCE with said curve to the right an arc distance of 515.24 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 40 degrees 21 minutes 30 seconds East, a distance of 652.96 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 1250.00 feet, a central angle of 14 degrees 30 minutes 52 seconds, and a chord bearing of North 33 degrees 06 minutes 04 seconds East, a distance of 315.81 feet; THENCE with said curve to the left an arc distance of 316.66 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 25 degrees 50 minutes 38 seconds East, a distance of 777.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 750.00 feet, a central angle of 40 degrees 20 minutes 08 seconds, and a chord bearing of North 05 degrees 40 minutes 34 seconds East, a distance of 517.16 feet; THENCE with said curve to the left an arc distance of 527.99 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 14 degrees 29 minutes 30 seconds West, a distance of 437.61 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 900.00 feet, a central angle of 34 degrees 12 minutes 30 seconds, and a chord bearing of North 02 degrees 36 minutes 45 seconds East, a distance of 529.40 feet; THENCE with said curve to the right an arc distance of 537.34 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 19 degrees 43 minutes 00 seconds East, a distance of 354.73 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 00 degrees 30 minutes 14 seconds West, a distance of 213.86 feet to the POINT OF BEGINNING and containing 52,773,514 square feet or 1,211.51 acres of land more or less. TRACT 2 (Quail Valley) Walsh Ranch Quail Valley PID Petition Page 15 1920.010\54992.8 Exhibit A Description of the Property Being a 411.43 acre tract of land situated in the Houston Tap & Brazoria RR Co Survey, Abstract Number 654, the International & Great Northern RR Co Survey, Abstract Number 2004, Jonathan Burleson Survey, Abstract Number 78 and the M.0 Moulton Survey, Abstract Number 934, Parker and Tarrant County, being part of a tract of land described in deed to Walsh Ranches Limited Partnership, as recorded in Volume 1699, Page 1765, Deed Records, Parker County, Texas (D.R.P.C.T), as previously described in deed recorded in Volume 237, Page 562, D.R.P.C.T., and recorded in Volume 12624, Page 92, Deed Records, Tarrant County, Texas (D.R.T.C.T), said 411.43 acre tract of land being more particularly described as follows: COMMENCING at a steel axle found for the most easterly northeast corner of said Walsh Ranches Limited Partnership tract; THENCE South 89 degrees 49 minutes 28 seconds West a distance of 909.63 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner for the POINT OF BEGINNING, said corner being on a circular curve to the right having a radius of 1022.00 feet, a central angle of 61 degrees 31 minutes 09 seconds, and a chord bearing of South 29 degrees 01 minutes 57 seconds West, a distance of 1045.38 feet; THENCE with said curve to the right an arc distance of 1097.33 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 1022.00, a central angle of 32 degrees 17 minutes 50 seconds, and a chord bearing of South 43 degrees 38 minutes 37 seconds West, a distance of 568.50 feet; THENCE with said curve to the left an arc distance of 576.09 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a compound curve to the left having a radius of 2300.00, a central angle of 34 degrees 48 minutes 57 seconds, and a chord bearing of South 10 degrees 05 minutes 14 seconds West, a distance of 1376.19 feet; THENCE with said curve to the left an arc distance of 1397.59 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a circular curve to the right having a radius of 1300.00, a central angle of 26 degrees 55 minutes 47 seconds, and a chord bearing of South 06 degrees 08 minutes 39 seconds West, a distance of 605.41 feet; THENCE with said curve to the right an arc distance of 611.01 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the left having a radius of 1855.00, a central angle of 06 degrees 19 minutes 35 seconds, and a chord bearing of North 85 degrees 25 minutes 29 seconds West, a distance of 204.72 feet; Walsh Ranch Quail Valley PID Petition Page 16 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the left an arc distance of 204.82 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 88 degrees 35 minutes 16 seconds West a distance of 734.26 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature to the right having a radius of 1445.00 feet, a central angle of 08 degrees 46 minutes 19 seconds, and a chord bearing of North 84 degrees 12 minutes 07 seconds West, a distance of 221.01 feet; THENCE with said curve to the right an arc distance of 221.23 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 79 degrees 48 minutes 58 seconds West a distance of 302.82 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature to the left having a radius of 1555.00 feet, a central angle of 27 degrees 35 minutes 31 seconds, and a chord bearing of North 86 degrees 23 minutes 17 seconds West, a distance of 741.63 feet; THENCE with said curve to the left an arc distance of 748.84 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 72 degrees 35 minutes 31 seconds West a distance of 339.75 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature to the right having a radius of 1845.00 feet, a central angle of 09 degrees 54 minutes 08 seconds, and a chord bearing of South 77 degrees 32 minutes 36 seconds West, a distance of 318.47 feet; THENCE with said curve to the right an arc distance of 318.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a compound curve to the right having a radius of 83.00, a central angle of 09 degrees 21 minutes 17 seconds, and a chord bearing of South 87 degrees 10 minutes 18 seconds West, a distance of 13.54 feet; THENCE with said curve to the right an arc distance of 13.55 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for point of tangency; THENCE North 88 degrees 09 minutes 03 seconds West a distance of 67.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature to the left having a radius of 267.00 feet, a central angle of 05 degrees 58 minutes 53 seconds, and a chord bearing of South 88 degrees 51 minutes 30 seconds West, a distance of 27.86 feet; THENCE with said curve to the left an arc distance of 27.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature Walsh Ranch Quail Valley PID Petition Page 17 1920.010\54992.8 Exhibit A Description of the Property of a curve to the right having a radius of 1833.00, a central angle of 02 degrees 31 minutes 51 seconds, and a chord bearing of South 87 degrees 07 minutes 59 seconds West, a distance of 80.96 feet; THENCE with said curve to the right an arc distance of 80.97 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 88 degrees 25 minutes 41 seconds West a distance of 50.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 88 degrees 48 minutes 51 seconds West a distance of 48.15 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner on a circular curve to the right having a radius of 138.00, a central angle of 28 degrees 07 minutes 19 seconds, and a chord bearing of North 61 degrees 29 minutes 46 seconds West, a distance of 67.06 feet; THENCE with said curve to the right an arc distance of 67.73 feet to an `X' cut in concrete for corner; THENCE North 45 degrees 03 minutes 24 seconds East a distance of 10.88 feet to an `X' cut in concrete for the point of curvature to the left having a radius of 107.00 feet, a central angle of 66 degrees 15 minutes 56 seconds, and a chord bearing of North 11 degrees 55 minutes 27 seconds East, a distance of 116.97 feet; THENCE with said curve to the left an arc distance of 123.75 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 193.00, a central angle of 21 degrees 16 minutes 50 seconds, and a chord bearing of North 10 degrees 34 minutes 06 seconds West, a distance of 71.27 feet; THENCE with said curve to the right an arc distance of 71.68 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 257.00, a central angle of 64 degrees 38 minutes 14 seconds, and a chord bearing of North 32 degrees 14 minutes 49 seconds West, a distance of 274.80 feet; THENCE with said curve to the left an arc distance of 289.93 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 253.00, a central angle of 81 degrees 13 minutes 26 seconds, and a chord bearing of North 23 degrees 57 minutes 13 seconds West, a distance of 329.37 feet; Walsh Ranch Quail Valley PID Petition Page 18 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the right an arc distance of 358.66 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 377.00, a central angle of 66 degrees 03 minutes 23 seconds, and a chord bearing of North 16 degrees 22 minutes 11 seconds West, a distance of 410.97 feet; THENCE with said curve to the left an arc distance of 434.64 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 273.00, a central angle of 56 degrees 29 minutes 27 seconds, and a chord bearing of North 21 degrees 09 minutes 09 seconds West, a distance of 258.39 feet; THENCE with said curve to the right an arc distance of 269.17 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 257.00, a central angle of 43 degrees 41 minutes 19 seconds, and a chord bearing of North 14 degrees 45 minutes 05 seconds West, a distance of 191.25 feet; THENCE with said curve to the left an arc distance of 195.96 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 268.00, a central angle of 69 degrees 51 minutes 02 seconds, and a chord bearing of North 01 degrees 40 minutes 13 seconds West, a distance of 306.86 feet; THENCE with said curve to the right an arc distance of 326.72 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 307.00, a central angle of 60 degrees 52 minutes 48 seconds, and a chord bearing of North 02 degrees 48 minutes 54 seconds East, a distance of 311.07 feet; THENCE with said curve to the left an arc distance of 326.20 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 233.00, a central angle of 56 degrees 37 minutes 31 seconds, and a chord bearing of North 00 degrees 41 minutes 16 seconds East, a distance of 221.02 feet; THENCE with said curve to the right an arc distance of 230.27 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 127.00, a central angle of 106 degrees 07 minutes 38 seconds, and a chord bearing of North 24 degrees 03 minutes 48 seconds West, a distance of 203.02 feet; THENCE with said curve to the left an arc distance of 235.24 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; Walsh Ranch Quail Valley PID Petition Page 19 1920.010\54992.8 Exhibit A Description of the Property THENCE North 26 degrees 08 minutes 54 seconds West a distance of 247.14 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 71 degrees 08 minutes 54 seconds West a distance of 64.62 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 26 degrees 08 minutes 54 seconds West a distance of 379.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 28 degrees 26 minutes 20 seconds West a distance of 116.36 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 16 degrees 39 minutes 10 seconds East a distance of 135.76 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 28 degrees 20 minutes 50 seconds West a distance of 703.92 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 73 degrees 20 minutes 50 seconds West a distance of 36.77 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 63 degrees 51 minutes 06 seconds West a distance of 115.61 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 26 degrees 08 minutes 54 seconds West a distance of 331.47 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for point of curvature to the right having a radius of 1018.00 feet, a central angle of 06 degrees 58 minutes 24 seconds, and a chord bearing of North 22 degrees 39 minutes 42 seconds West, a distance of 123.82 feet; THENCE with said curve to the right an arc distance of 123.90 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 70 degrees 49 minutes 30 seconds East a distance of 0.50 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 1017.50 feet, a central angle of 17 degrees 33 minutes 02 seconds, and a chord bearing of North 10 degrees 33 minutes 59 seconds West, a distance of 310.46 feet; THENCE with said curve to the right an arc distance of 311.67 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; Walsh Ranch Quail valley PID Petition Page 20 1920.010\54992.8 Exhibit A Description of the Property THENCE North 01 degrees 37 minutes 29 seconds West a distance of 1823.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the left having a radius of 15.50 feet, a central angle of 25 degrees 45 minutes 03 seconds, and a chord bearing of North 11 degrees 04 minutes 42 seconds East, a distance of 6.91 feet; THENCE with said curve to the left an arc distance of 6.97 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 01 degrees 47 minutes 49 seconds West a distance of 17.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 15.50 feet, a central angle of 25 degrees 36 minutes 41 seconds, and a chord bearing of North 14 degrees 36 minutes 10 seconds West, a distance of 6.87 feet; THENCE with said curve to the left an arc distance of 6.93 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the left having a radius of 3335.00 feet, a central angle of 03 degrees 47 minutes 41 seconds, and a chord bearing of North 03 degrees 54 minutes 25 seconds West, a distance of 220.83 feet; THENCE with said curve to the left an arc distance of 220.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 84 degrees 11 minutes 45 seconds West a distance of 152.50 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 3182.50 feet, a central angle of 00 degrees 29 minutes 37 seconds, and a chord bearing of South 05 degrees 33 minutes 27 seconds East, a distance of 27.41 feet; THENCE with said curve to the right an arc distance of 27.41 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE South 39 degrees 59 minutes 42 seconds West a distance of 34.41 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner; THENCE North 55 degrees 36 minutes 07 seconds West a distance of 7.05 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 207.00 feet, a central angle of 62 degrees 22 minutes 05 seconds, and a chord bearing of North 86 degrees 47 minutes 09 seconds West, a distance of 214.36 feet; THENCE with said curve to the left an arc distance of 225.33 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature Walsh Ranch Quail valley PID Petition Page 21 1920.010\54992.8 Exhibit A Description of the Property of a curve to the right having a radius of 218.00, a central angle of 69 degrees 49 minutes 51 seconds, and a chord bearing of North 83 degrees 03 minutes 16 seconds West, a distance of 249.55 feet; THENCE with said curve to the right an arc distance of 265.69 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 207.00, a central angle of 59 degrees 22 minutes 57 seconds, and a chord bearing of North 77 degrees 49 minutes 49 seconds West, a distance of 205.07 feet; THENCE with said curve to the left an arc distance of 214.54 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 72 degrees 28 minutes 42 seconds West a distance of 78.56 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 143.00 feet, a central angle of 50 degrees 42 minutes 13 seconds, and a chord bearing of North 82 degrees 10 minutes 11 seconds West, a distance of 122.46 feet; THENCE with said curve to the right an arc distance of 126.55 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 427.00, a central angle of 36 degrees 59 minutes 24 seconds, and a chord bearing of North 75 degrees 18 minutes 47 seconds West, a distance of 270.91 feet; THENCE with said curve to the left an arc distance of 275.67 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 593.00 feet, a central angle of 36 degrees 45 minutes 17 seconds, and a chord bearing of North 75 degrees 25 minutes 53 seconds West, a distance of 373.90 feet; THENCE with said curve to the right an arc distance of 380.39 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 207.00, a central angle of 58 degrees 39 minutes 22 seconds, and a chord bearing of North 86 degrees 22 minutes 58 seconds West, a distance of 202.78 feet; THENCE with said curve to the left an arc distance of 211.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 93.00 feet, a central angle of 26 degrees 50 minutes 37 seconds, and a chord bearing of South 77 degrees 42 minutes 40 seconds West, a distance of 43.17 feet; THENCE with said curve to the right an arc distance of 43.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; Walsh Ranch Quail Valley PID Petition Page 22 1920.010\54992.8 Exhibit A Description of the Property THENCE North 88 degrees 52 minutes 02 seconds West a distance of 21.21 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner, said corner being on a circular curve to the right having a radius of 60.00 feet, a central angle of 40 degrees 01 minutes 07 seconds, and a chord bearing of North 17 degrees 18 minutes 33 seconds West, a distance of 41.06 feet; THENCE with said curve to the right an arc distance of 41.91feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 02 degrees 42 minutes 00 seconds East a distance of 35.97 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a circular curve to the right having a radius of 65.00 feet, a central angle of 53 degrees 30 minutes 46 seconds, and a chord bearing of North 29 degrees 27 minutes 23 seconds East, a distance of 58.53 feet; THENCE with said curve to the right an arc distance of 60.71 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for corner near the south side of Old Weatherford Road (undedicated); THENCE North 72 degrees 21 minutes 50 seconds East, near a wire fence along the south side of said Old Weatherford Road, a distance of 328.98 feet to a 5/8 inch iron rod with yellow cap stamped "DUNAWAY ASSOC. LP" set near the west end of a bridge for corner; THENCE North 83 degrees 23 minutes 06 seconds East, near said bridge and said Old Weatherford Road, a distance of 59.65 feet to the approximate centerline of Mary's Creek; THENCE along the approximate centerline of Mary's Creek the following courses and distances: South 55 degrees 36 minutes 16 seconds East, a distance of 79.20 feet to a point for corner; South 78 degrees 55 minutes 26 seconds East, a distance of 98.53 feet to a point for corner; South 87 degrees 17 minutes 32 seconds East, a distance of 78.41 feet to a point for corner; North 87 degrees 23 minutes 48 seconds East, a distance of 95.05 feet to a point for corner; Walsh Ranch Quail valley PID Petition Page 23 1920.010\54992.8 Exhibit A Description of the Property South 63 degrees 48 minutes 53 seconds East, a distance of 92.77 feet to a point for corner; South 70 degrees 42 minutes 53 seconds East, a distance of 72.59 feet to a point for corner; South 83 degrees 45 minutes 43 seconds East, a distance of 60.03 feet to a point for corner; North 65 degrees 28 minutes 24 seconds East, a distance of 45.32 feet to a point for corner; North 51 degrees 48 minutes 31 seconds East, a distance of 138.31 feet to a point for corner; South 78 degrees 47 minutes 12 seconds East, a distance of 46.06 feet to a point for corner; South 49 degrees 50 minutes 11 seconds East, a distance of 203.84 feet to a point for corner; South 66 degrees 19 minutes 25 seconds East, a distance of 73.83 feet to a point for corner; South 85 degrees 53 minutes 12 seconds East, a distance of 59.42 feet to a point for corner; North 59 degrees 52 minutes 11 seconds East, a distance of 197.53 feet to a point for corner; North 64 degrees 16 minutes 04 seconds East, a distance of 98.27 feet to a point for corner; North 60 degrees 39 minutes 19 seconds East, a distance of 178.82 feet to a point for corner; North 70 degrees 49 minutes 25 seconds East, a distance of 73.88 feet to a point for corner; North 57 degrees 57 minutes 58 seconds East, a distance of 104.85 feet to a point for corner on the east line of said Walsh Ranches Limited Partnership tract and the west line of a tract of land described in deed to Donald L. Pengelly and Joan Pengelly, as recorded in Volume 1448, Page 483, D.R.P.C.T.; Walsh Ranch Quail Valley PID Petition Page 24 1920.010\54992.8 Exhibit A Description of the Property THENCE South 00 degrees 46 minutes 40 seconds East, along the east line of said Walsh Ranches Limited Partnership tract, passing a railroad spike found at a distance of 627.00 feet for the southwest corner of said Pengelly tract, passing a 1/2 inch iron rod found at a distance of 2235.76 feet for the northwest corner of a tract (Tract I) of land described in deed to W.C. Weeden, Trustee, as recorded in Volume 1505, Page 743, D.R.P.C.T., continuing a total distance of distance of 2700.06 feet to a stone found for an ell corner of said Walsh Ranches Limited Partnership tract; THENCE North 89 degrees 27 minutes 32 seconds East, along said Walsh Ranches Limited Partnership tract, a distance of 3530.15 feet to a stone found for an ell corner of said Walsh Ranches Limited Partnership tract; THENCE South 00 degrees 43 minutes 04 seconds East, along said Walsh Ranches Limited Partnership tract, a distance of 1251.87 feet to a fence corner post found for an ell corner of said Walsh Ranches Limited Partnership tract; THENCE North 89 degrees 49 minutes 28 seconds East a distance of 2473.87 feet to the POINT OF BEGINNING and containing 17,922,035 square feet or 411.43 acres of land more or less. TRACT 3 (Old Weatherford Road) Being a 7.210 acre tract of land situated in the International & Great Northern RR Co Survey, Abstract Number 2004, the Heirs of C.H. Higbee Survey, Abstract Number 2740, and the M.0 Moulton Survey,Abstract Number 934, Parker County, being part of the tract of land described in the deed to Walsh Ranches Limited Partnership, recorded in Volume 1699, Page 1765, Deed Records, Parker County, Texas, said 7.210 acre tract of land being more particularly described as follows: COMMENCING at a stone found for the southwest corner of the John Kelsey Survey, Abstract Number 782, a re-entrant corner of the International & Great Northern RR Co Survey,Abstract Number 2004; THENCE with an east line of said Walsh Ranches tract and the west lines of the tract of land described in the deed to John and Mary Lowery, recorded in Volume 1540, Page 1666, Deed Records, Parker County, Texas, the tract of land described in the deed to Debra Faye Johnson Head, recorded in Volume 1410, Page 829, Deed Records, Parker County, Texas, and the tract of land described in the deed to Mary's Creek Properties, recorded in Volume 1848, Page 1466, Deed Records, Parker County, Texas North 00°46'53" West a distance of 2022.31 feet to a point from which a 1 inch iron rod found for the point of commencing of Walsh Ranch Quail Valley PID Petition Page 25 1920.010\54992.8 Exhibit A Description of the Property Tract II in the deed to John and Mary Lowery and the called northwest corner of the John Kelsey Survey bears North 00°46'53" West a distance of 737.21 feet; THENCE departing said east and west lines South 89°13'07" West a distance of 284.77 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a non-tangent curve to the left having a radius of 1037.00 feet, a central angle of 11°36'01", and a chord bearing and distance of South 78°01'58" West 209.59 feet, and the POINT OF BEGINNING; THENCE with said non-tangent curve to the left an arc distance of 209.95 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 1076.50 feet, a central angle of 51°45'52", and a chord bearing and distance of North 81°53'07" West 939.83 feet; THENCE with said reverse curve to the right an arc distance of 972.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 1023.50 feet, a central angle of 31°17'49", and a chord bearing and distance North 71°39'05" West 552.15 feet; THENCE with said reverse curve to the left an arc distance of 559.07 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 87°18'00" West a distance of 146.19 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 02°42'00" East a distance of 53.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 87°18'00" East a distance of 13.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 17.00 feet, a central angle of 90°00'00", and a chord bearing and distance of North 47°42'00" East 24.04 feet; THENCE with said curve to the left an arc distance of 26.70 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 02°42'00" East a distance of 50.38 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 65.00 feet, a central angle of 77°04'41", and a chord bearing and distance of North 35°50'20" West 81.00 feet; THENCE with said curve to the left an arc distance of 87.44 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve in the occupied southerly line of Old Weatherford Road; Walsh Ranch Quail Valley PID Petition Page 26 1920.010\54992.8 Exhibit A Description of the Property THENCE with the occupied southerly line of Old Weatherford Road, North 82°36'43" East a distance of 122.71 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the left having a radius of 65.00 feet, a central angle of 53°30'46", and a chord bearing and distance of South 29°27'23" West 58.53 feet; THENCE departing the occupied southerly line of Old Weatherford Road, with said non- tangent curve to the left an arc distance of 60.71 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 02°42'00" West a distance of 35.97 to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 60.00 feet, a central angle of 40°01'07", and a chord bearing and distance of South 17°18'33" East 41.06 feet; THENCE with said curve to the left an arc distance of 41.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE South 88°52'02" East a distance of 20.21 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 93.00 feet, a central angle of 26°50'37", and a chord bearing and distance of North 77°42'40" East 43.17 feet; THENCE with said curve to the left an arc distance of 43.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 207.00 feet, a central angle of 58°39'22", and a chord bearing and distance of South 86°22'58" East 202.78 feet; THENCE with said reverse curve to the right an arc distance of 211.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having radius of 593.00 feet, a central angle of 36°45'12", and a chord bearing and distance of South 75°25'53" East 373.90 feet; THENCE with said reverse curve to the left an arc distance of 380.39 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having radius of 427.00 feet, a central angle of 36°59'24", and a chord bearing and distance of South 75°18'47" East 270.91 feet; THENCE with said reverse curve to the right an arc distance of 275.67 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having radius of 143.00 feet, a central angle of 50°42'13", and a chord bearing and distance of South 82°10'11" East 122.46 feet; Walsh Ranch Quail Valley PID Petition Page 27 1920.010\54992.8 Exhibit A Description of the Property THENCE with said reverse curve to the left an arc distance of 126.55 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 72°28'42" East a distance of 78.56 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 207.00 feet, a central angle of 59°22'57", and a chord bearing and distance of South 77°49'49" East 205.07 feet; THENCE with said curve to the right an arc distance of 214.54 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having radius of 218.00 feet, a central angle of 69°49'51", and a chord bearing and distance of South 83°03'16" East 249.55 feet; THENCE with said reverse curve to the left an arc distance of 265.69 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having radius of 207.00 feet, a central angle of 62°22'05", and a chord bearing and distance of South 86°47'09" East 214.36 feet; THENCE with said reverse curve to the right an arc distance of 225.33 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 55°36'07" East a distance of 7.05 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 39°59'42" West a distance of 47.89 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 83°49'58" West a distance of 14.46 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 06°10'02" East a distance of 57.00 feet to the POINT OF BEGINNING. Containing a computed area of 314,077 square feet or 7.210 acres of land. TRACT 4 (Walsh Ranch Parkway) Being a 93.178 acre tract of land situated in the Houston Tap & Brazoria RR Co Survey, Abstract Number 654, the International & Great Northern RR Co Survey, Abstract Number 2004, the Heirs of C.H. Higbee Survey, Abstract Number 2740, and the M.0 Moulton Survey, Abstract Number 934, Parker County, being part of Tract A described in the deed recorded in Volume 2072, Page 983, Deed Records, Parker County, Texas, also being part of the tract Walsh Ranch Quail Valley PID Petition Page 28 1920.010\54992.8 Exhibit A Description of the Property of land described in the deed to Walsh Ranches Limited Partnership, recorded in Volume 1699, Page 1765, Deed Records, Parker County, Texas, said 93.178 acre tract of land being more particularly described as follows: COMMENCING at a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set at the intersection of the northerly right-of-way line of Interstate Highway 30 (a variable width right-of-way) and the Tarrant County and Parker County line; THENCE with the northerly right-of-way line of Interstate Highway 30 the following courses and distances: South 89°34'23" West a distance of 384.74 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; North 61°50'37" West a distance of 67.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; North 88°21'37" West a distance of 198.31 feet to a Texas Department of Transportation monument found; South 68°32'23" West a distance of 54.63 feet to a Texas Department of Transportation monument found; North 87°42'45" West a distance of 1100.00 feet to a Texas Department of Transportation monument found; North 63°57'37" West a distance of 54.63 feet to a Texas Department of Transportation monument found; North 87°10'37" West a distance of 148.10 feet; South 70°28'23" West a distance of 53.84 feet to a Texas Department of Transportation monument found; North 84°10'52" West a distance of 71.36 feet to a Texas Department of Transportation monument found; North 83°27'51" West a distance of 200.00 feet to a Texas Department of Transportation monument found for the beginning of a non-tangent curve to the left having a radius of 1947.86 feet, a central angle of 4°17'47" and a chord bearing and distance of North 85°36'17" West 146.03 feet; With said non-tangent curve to the left an arc distance of 146.07 feet to the end of curve; Walsh Ranch Quail Valley PID Petition Page 29 1920.010\54992.8 Exhibit A Description of the Property THENCE departing the northerly right-of-way line of Interstate Highway 30, North 02°13'26" East a distance of 121.47 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the POINT OF BEGINNING; THENCE West a distance of 175.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North a distance of 106.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a tangent curve to the right having a radius of 612.00 feet, a central angle of 01°59'46", and a chord bearing and distance of North 00°59'53" East 21.32 feet; THENCE with said tangent curve to the right an arc distance of 21.32 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 988.00, a central angle of 17°51'20", and a chord bearing and distance of North 06°55'54" West 306.65 feet; THENCE with said reverse curve to the left an arc distance of 307.90 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 15°51'34" West a distance of 93.20 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 1083.50, a central angle of 14°15'22", and a chord bearing and distance of North 08°43'53" West 268.90 feet; THENCE with said curve to the right an arc distance of 269.59 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 238.00, a central angle of 65°41'31", and a chord bearing and distance of North 34°26'58" West 258.17 feet; THENCE with said reverse curve to the left an arc distance of 272.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 79°03'38" West a distance of 58.53 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 10°56'22" East a distance of 122.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 79°03'38" East a distance of 70.31 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a non-tangent Walsh Ranch Quail valley PID Petition Page 30 1920.010\54992.8 Exhibit A Description of the Property curve to the left having a radius of 138.00, a central angle of 90°27'45", and a chord bearing and distance of North 40°14'16" East 195.95 feet; THENCE with said non-tangent curve to the left an arc distance of 217.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of compound curvature of a curve to the left having a radius of 1004.50 feet, a central angle of 08°27'45", and a chord bearing and distance of North 09°13'29" West 148.23 feet; THENCE with said compound curve to the left an arc distance of 148.36 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 612.00, a central angle of 01°29'47", and a chord bearing and distance of North 12°42'28" West 15.98 feet; THENCE with said reverse curve to the right an arc distance of 15.98 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 988.00, a central angle of 17°59'08", and a chord bearing and distance of North 20°57'08" West 308.87 feet; THENCE with said reverse curve to the left an arc distance of 310.14 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 1083.50, a central angle of 28°36'02", and a chord bearing and distance of North 15°38'42" West 535.26 feet; THENCE with said reverse curve to the right an arc distance of 540.85 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 01°20'41" West a distance of 133.67 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 1016.50, a central angle of 15°47'29", and a chord bearing and distance of North 09°14'25" West 279.27 feet; THENCE with said curve to the left an arc distance of 280.16 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of compound curvature of a curve to the left having a radius of 989.60, a central angle of 04°30'39", and a chord bearing and distance of North 19°22'32" West 77.89 feet; THENCE with said compound curve to the left an arc distance of 77.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 21°37'58" West a distance of 116.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 1012.00, a central angle of 06'01'18", and a chord bearing and distance of North 18°37'19" West 106.31 feet; Walsh Ranch Quail Valley PID Petition Page 31 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the right an arc distance of 106.36 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of compound curvature of a curve to the right having a radius of 1095.50, a central angle of 17°13'58", and a chord bearing and distance of North 06°59'41" West 328.25 feet; THENCE with said compound curve to the right an arc distance of 329.49 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 01°37'18" East a distance of 59.40 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 85.00 feet; a central angle of 94°01'15", and a chord bearing and distance of North 45°23'20" West 124.35 feet; THENCE with said curve to the left an arc distance of 139.48 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 87°36'03" West a distance of 15.09 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 02°23'57" West a distance of 140.41 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 87°36'03" East a distance of 13.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 110.00 feet; a central angle of 85°58'45", and a chord bearing and distance of North 44°36'40" East 150.01 feet; THENCE with said curve to the left an arc distance of 165.07 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 01°37'18" East a distance of 141.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 612.00 feet; a central angle of 04°23'39", and a chord bearing and distance of North 03°49'07" East 46.92 feet; THENCE with said curve to the right an arc distance of 46.94 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 988.00 feet, a central angle of 08°10'18", and a chord bearing and distance North 01°18'56" West 140.79 feet; THENCE with said reverse curve to the left an arc distance of 140.91 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of Walsh Ranch Quail Valley PID Petition Page 32 1920.010\54992.8 Exhibit A Description of the Property compound curvature of a curve to the left having a radius of 1018.00 feet, a central angle of 03°21'56", and a chord bearing and distance of North 10°40'28" West 59.79 feet; THENCE with said compound curve to the left an arc distance of 59.80 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 65°20'07" West a distance of 199.81 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 24°04'08" West a distance of 651.54 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 100.00 feet, a central angle of 35°28'59", and a chord bearing and distance of North 06°19'38" West 60.94 feet; THENCE with said curve to the right an arc distance of 61.93 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 200.00 feet, a central angle of 24°05'05", and a chord bearing and distance of North 00°37'41" West 83.45 feet; THENCE with said reverse curve to the left an arc distance of 84.07 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 193.00 feet, a central angle of 24°51'04", and a chord bearing and distance of North 00°14'42" West 83.06 feet; THENCE with said reverse curve to the right an arc distance of 83.71 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 127.00 feet, a central angle of 43°22'47", and a chord bearing and distance of North 09°30'34" West 93.87 feet; THENCE with said reverse curve to the left an arc distance of 96.15 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 453.00 feet, a central angle of 38°38'54", and a chord bearing and distance of North 11°52'31" West 299.81 feet; THENCE with said reverse curve to the right an arc distance of 305.57 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 837.00 feet, a central angle of 20°46'55", and a chord bearing and distance of North 02°56'31" West 301.93 feet; THENCE with said reverse curve to the left an arc distance of 303.59 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 443.00 feet, a central angle of 15°47'58", and a chord bearing and distance of North 05°26'00" West 121.77 feet; Walsh Ranch Quail Valley PID Petition Page 33 1920.010\54992.8 Exhibit A Description of the Property THENCE with said reverse curve to the right an arc distance of 122.16 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 407.00 feet, a central angle of 34°47'54", and a chord bearing and distance of North 14°55'58" West 243.41 feet; THENCE with said reverse curve to the left an arc distance of 247.19 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 603.00 feet, a central angle of 32°28'53", and a chord bearing and distance of North 16°05'29" West 337.29 feet; THENCE with said reverse curve to the right an arc distance of 341.84 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 00°08'58" East a distance of 257.44 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 783.00 feet, a central angle of 19°59'11", and a chord bearing and distance of North 10°08'33" East 271.75 feet; THENCE with said curve to the right an arc distance of 273.13 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 517.00 feet, a central angle of 18°34'00", and a chord bearing and distance of North 10°51'08" East 116.80 feet; THENCE with said reverse curve to the left an arc distance of 167.53 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 193.00 feet, a central angle of 44°10'32", and a chord bearing and distance of North 23°39'24" East 145.15 feet; THENCE with said reverse curve to the right an arc distance of 148.81 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the left having a radius of 1598.00 feet, a central angle of 08°48'07", and a chord bearing and distance of North 02°46'35" East 245.25 feet; THENCE with said non-tangent curve to the left an arc distance of 245.49 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE North 01°37'29" West a distance of 132.96 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 3154.50 feet, a central angle of 00°41'44", and a chord bearing and distance of North 01°58'20" West 38.29 feet; Walsh Ranch Quail Valley PID Petition Page 34 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the left an arc distance of 38.29 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 1037.00 feet, a central angle of 02°09'38", and a chord bearing and distance of South 81°42'27" West 39.10 feet; THENCE with said curve to the left an arc distance of 39.10 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 06°10'02" West a distance of 108.52 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 83°49'58" East a distance of 14.46 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 39°59'42" East a distance of 82.30 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the left having a radius of 3182.50 feet, a central angle of 00°29'37", and a chord bearing and distance of North 05°33'27" West 27.41 feet; THENCE with said non-tangent curve to the left an arc distance of 27.41 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 84°11'45" East a distance of 152.50 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the right having a radius of 3335.00 feet, a central angle of 03°47'41", and a chord bearing and distance of South 03°54'25" East 220.83 feet; THENCE with said non-tangent curve to the right an arc distance of 220.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the right having a radius of 15.50 feet, a central angle of 25°36'41", and a chord bearing and distance of South 14°36'10" East 6.87 feet; THENCE with said non-tangent curve to the right an arc distance of 6.93 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 01°47'49" East a distance of 17.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the right having a radius of 15.50 feet, a central angle of 25°45'03", and a chord bearing and distance of South 11°04'42" West 6.91 feet; Walsh Ranch Quail Valley PID Petition Page 35 1920.010\54992.8 Exhibit A Description of the Property THENCE with said curve to the right an arc distance of 6.97 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE South 01°37'29" East a distance of 1823.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of curvature of a curve to the left having a radius of 1017.50 feet, a central angle of 17°33'02", and a chord bearing and distance of South 10°23'59" East 310.46 feet; THENCE with said curve to the left an arc distance of 311.67 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE South 70°49'30" West a distance of 0.50 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the left having a radius of 1018.00 feet, a central angle of 06°58'24", and a chord bearing and distance of South 22°39'42" East 123.82 feet; THENCE with said curve to the left an arc distance of 123.90 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 26°08'54" East a distance of 331.47 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 63°51'06" East a distance of 115.61 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 73°20'50" East a distance of 36.77 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 28°20'50" East a distance of 703.92 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 16°39'10" West a distance of 135.76 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 28°26'20" East a distance of 116.36 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 26°08'54" East a distance of 379.60 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 71°08'54" East a distance of 64.62 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; Walsh Ranch Quail valley PID Petition Page 36 1920.010\54992.8 Exhibit A Description of the Property THENCE South 26°08'54" East a distance of 247.14 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the right having a radius of 127.00 feet, a central angle of 106°07'38", and a chord bearing and distance of South 24°03'48" East 203.02 feet; THENCE with said non-tangent curve to the right an arc distance of 235.24 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 233.00 feet, a central angle of 56°37'31", and a chord bearing and distance of South 00°41'16" West 221.02 feet; THENCE with said reverse curve to the left an arc distance of 230.27 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 307.00 feet, a central angle of 60°52'48", and a chord bearing and distance of South 02°48'54" West 311.07 feet; THENCE with said reverse curve to the right an arc distance of 326.20 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 268.00 feet, a central angle of 69°51'02", and a chord bearing and distance of South 01°40'13" East 306.86 feet; THENCE with said reverse curve to the left an arc distance of 326.72 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 257.00 feet, a central angle of 43°41'19", and a chord bearing and distance of South 14°45'05" East 191.25 feet; THENCE with said reverse curve to the right an arc distance of 195.96 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 273.00 feet, a central angle of 56°29'27", and a chord bearing and distance of South 21°09'09" East 258.39 feet; THENCE with said reverse curve to the left an arc distance of 269.17 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 377.00 feet, a central angle of 66°03'23", and a chord bearing and distance of South 16°22'11" East 410.97 feet; THENCE with said reverse curve to the right an arc distance of 434.64 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 253.00 feet, a central angle of 81°13'26", and a chord bearing and distance of South 23°57'13" East 329.37 feet; THENCE with said reverse curve to the left an arc distance of 358.66 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse Walsh Ranch Quail valley PID Petition Page 37 1920.010\54992.8 Exhibit A Description of the Property curvature of a curve to the right having a radius of 257.00 feet, a central angle of 64°38'14", and a chord bearing and distance of South 32°14'49" East 274.80 feet; THENCE with said reverse curve to the right an arc distance of 289.93 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 193.00 feet, a central angle of 21°16'50", and a chord bearing and distance of South 10°34'06" East 71.27 feet; THENCE with said reverse curve to the left an arc distance of 71.68 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 107.00 feet, a central angle of 66°15'56", and a chord bearing and distance of South 11°55'27" West 116.97 feet; THENCE with said reverse curve to the right an arc distance of 123.75 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of tangency; THENCE South 45°03'24" West a distance of 10.88 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the left having a radius of 138.00 feet, a central angle of 28°07'19", and a chord bearing and distance of South 61°29'46" East 67.06 feet; THENCE with said non-tangent curve to the left an arc distance of 67.73 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE North 88°48'51" East a distance of 48.15 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 01°53'58" East a distance of 122.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the right having a radius of 2055.00 feet, a central angle of 04°06'49", and a chord bearing and distance of North 89°50'33" West 147.51 feet; THENCE with said non-tangent curve to the right distance of 147.54 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the end of curve; THENCE South 48°03'01" West a distance of 28.56 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE South 03°36'26" West a distance of 13.81 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; Walsh Ranch Quail valley PID Petition Page 38 1920.010\54992.8 Exhibit A Description of the Property THENCE North 86°23'34" West a distance of 87.00 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 03°36'26" East a distance of 2.38 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set; THENCE North 40°27'49" West a distance of 28.74 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the right having a radius of 2067.00 feet, a central angle of 00°02'39", and a chord bearing and distance of North 84°14'06" West 1.59 feet; THENCE with said non-tangent curve to the right an arc distance of 1.59 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the beginning of a non-tangent curve to the left having a radius of 119.00 feet, a central angle of 22°22'37", and a chord bearing and distance of South 79°49'37" West 46.18 feet; THENCE with said non-tangent curve to the left an arc distance of 46.48 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 157.00 feet, a central angle of 23°32'18", and a chord bearing and distance of South 80°24'28" West 64.05 feet; THENCE with said reverse curve to the right an arc distance of 64.50 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 93.00 feet, a central angle of 78°12'12", and a chord bearing and distance of South 53°04'31" West 117.31 feet; THENCE with said reverse curve to the left an arc distance of 126.94 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 132.00 feet, a central angle of 48°43'44", and a chord bearing and distance of South 38°20'17" West 108.91 feet; THENCE with said reverse curve to the right an arc distance of 112.26 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the left having a radius of 268.00 feet, a central angle of 84°38'01", and a chord bearing and distance of South 20°23'08" West 360.85 feet; THENCE with said reverse curve to the left an arc distance of 395.87 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 257.00 feet, a central angle of 38°58'12", and a chord bearing and distance of South 02°26'46" East 171.45 feet; THENCE with said reverse curve to the right an arc distance of 174.80 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of Walsh Ranch Quail Valley PID Petition Page 39 1920.010\54992.8 Exhibit A Description of the Property reverse curvature of a curve to the left having a radius of 168.00 feet, a central angle of 47°18'47", and a chord bearing and distance of South 06°37'04" East 134.81 feet; THENCE with said reverse curve to the left an arc distance of 138.73 feet to a 5/8 inch iron rod with a yellow plastic cap stamped "DUNAWAY ASSOC. LP" set for the point of reverse curvature of a curve to the right having a radius of 106.00 feet, a central angle of 14°17'17", and a chord bearing and distance of South 23°07'49" East 26.37 feet; THENCE with said reverse curve to the right an arc distance of 26.43 feet to the POINT OF BEGINNING. Containing a computed area of 4,058,831 square feet or 93.178 acres of land. SAVE AND EXCEPT (AISD School Site) BEING situated in the International& Great Northern R.R. Co. Survey,Abstract No. 1996, Parker County, Texas, and being a portion of a tract of land as described in deed to Walsh Ranches Limited Partnership, a Texas Limited Partnership having a General Partner named Walsh North Star Company, a Texas corporation as recorded in Volume 1699, Page 1765 of the Deed Records of Parker County, Texas (D.R.P.C.T.), and being more particularly described as follows: COMMENCING at a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP" at the northwest corner of the intersection of the westerly right of way line of southbound Walsh Ranch Parkway(a variable width right of way) and the northerly right of way line of Walsh Creek Boulevard, as shown on the final plat of Walsh Ranch Parkway, an addition to the City of Fort Worth, Parker County, Texas, (unrecorded as of this date); THENCE, along the westerly right of way line of said southbound Walsh Ranch Parkway the following courses: North 87 degrees 36 minutes 03 seconds East, a distance of 13.60 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the left having a central angle of 85 degrees 58 minutes 45 seconds, a radius of 110.00 feet, subtended by a 150.01 foot chord which bears North 44 degrees 36 minutes 40 seconds East; Along said curve to the left an arc distance of 165.07 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP"; Walsh Ranch Quail Valley PID Petition Page 40 1920.010\54992.8 Exhibit A Description of the Property North 01 degrees 37 minutes 18 seconds East, a distance of 141.88 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the right having a central angle of 04 degrees 23 minutes 39 seconds, a radius of 612.00 feet, subtended by a 46.92 foot chord which bears North 03 degrees 49 minutes 07 seconds East; Along said curve to the right an arc distance of 46.94 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 08 degrees 10 minutes 18 seconds, a radius of 988.00 feet, subtended by a 140.79 foot chord which bears North 01 degrees 18 minutes 56 seconds West; Along said curve to the left an arc distance of 140.91 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a compound curve to the left having a central angle of 03 degrees 21 minutes 56 seconds, a radius of 1018.00 feet, subtended by a 59.79 foot chord which bears North 10 degrees 40 minutes 28 seconds West; Along said curve to the left an arc distance of 59.80 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP" at the south corner of Private Open Space Lot 7X, as shown on said final plat of Walsh Ranch Parkway; THENCE, departing the westerly line of said southbound Walsh Ranch Parkway, and along the westerly line of said Private Open Space Lot 7X the following courses: North 65 degrees 20 minutes 07 seconds West, a distance of 199.81 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP"; North 24 degrees 04 minutes 08 seconds West, a distance of 651.54 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a curve to the right having a central angle of 35 degrees 28 minutes 59 seconds, a radius of 100.00 feet, subtended by a 60.94 foot chord which bears North 06 degrees 19 minutes 38 seconds West; Along said curve to the right an arc distance of 61.93 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 24 degrees 05 minutes 05 seconds, a radius of 200.00 feet, subtended by a 83.45 foot chord which bears North 00 degrees 37 minutes 41 seconds West; Along said curve to the left an arc distance of 84.07 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 51 minutes 04 seconds, a Walsh Ranch Quail Valley PID Petition Page 41 1920.010\54992.8 Exhibit A Description of the Property radius of 193.00 feet, subtended by a 83.06 foot chord which bears North 00 degrees 14 minutes 42 seconds West; Along said curve to the right an arc distance of 83.71 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the left having a central angle of 43 degrees 22 minutes 47 seconds, a radius of 127.00 feet, subtended by a 93.87 foot chord which bears North 09 degrees 30 minutes 34 seconds West; Along said curve to the left an arc distance of 96.15 feet to a 5/8 inch iron rod found with cap stamped "DUNAWAY ASSOC. LP", and being the beginning of a reverse curve to the right having a central angle of 23 degrees 50 minutes 05 seconds, a radius of 453.00 feet, subtended by a 187.09 foot chord which bears North 19 degrees 16 minutes 55 seconds West; Along said curve to the right an arc distance of 188.45 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 82 degrees 00 minutes 00 seconds West, departing the westerly line of Private Open Space Lot 7X, a distance of 205.63 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the right having a central angle of 12 degrees 20 minutes 32 seconds, a radius of 1053.00 feet, subtended by a 226.39 foot chord which bears North 88 degrees 10 minutes 16 seconds West; THENCE, along said curve to the right an arc distance of 226.83 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 04 degrees 20 minutes 32 seconds East, a distance of 3.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non- tangent curve to the right having a central angle of 8 degrees 00 minutes 48 seconds, a radius of 1050.00 feet, subtended by a 146.73 foot chord which bears North 81 degrees 39 minutes 04 seconds West; THENCE, along said curve to the right an arc distance of 146.85 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 12 degrees 21 minutes 20 seconds West, a distance of 3.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non- tangent curve to the right having a central angle of 9 degrees 38 minutes 40 seconds, a radius of 1053.00 feet, subtended by a 177.04 foot chord which bears North 72 degrees 49 minutes 20 seconds West; Walsh Ranch Quail Valley PID Petition Page 42 1920.010\54992.8 Exhibit A Description of the Property THENCE, along said curve to the right an arc distance of 177.25 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a curve to the left having a central angle of 47 degrees 19 minutes 24 seconds, a radius of 867.00 feet, subtended by a 695.91 foot chord which bears South 88 degrees 20 minutes 18 seconds West; THENCE, along said curve to the left an arc distance of 716.10 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right having a central angle of 24 degrees 50 minutes 45 seconds, a radius of 1553.00 feet, subtended by a 668.18 foot chord which bears South 77 degrees 05 minutes 59 seconds West; THENCE, along said curve to the right an arc distance of 673.44 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 46 degrees 00 minutes 26 seconds West, a distance of 21.66 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non- tangent curve to the right having a central angle of 49 degrees 33 minutes 56 seconds, a radius of 180.00 feet, subtended by a 150.90 foot chord which bears South 29 degrees 23 minutes 10 seconds West; THENCE, along said curve to the right an arc distance of 155.72 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 53 degrees 12 minutes 42 seconds, a radius of 213.00 feet, subtended by a 190.78 foot chord which bears South 27 degrees 33 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 197.82 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 89 degrees 02 minutes 34 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars" for the POINT OF BEGINNING; THENCE, South 84 degrees 40 minutes 28 seconds West, a distance of 624.92 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, North 81 degrees 01 minutes 12 seconds West, a distance of 547.98 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; Walsh Ranch Quail Valley PID Petition Page 43 1920.010\54992.8 Exhibit A Description of the Property THENCE, North 00 degrees 51 minutes 28 seconds West, a distance of 567.71 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non-tangent curve to the right having a central angle of 33 degrees 28 minutes 50 seconds, a radius of 1247.00 feet, subtended by a 718.36 foot chord which bears South 80 degrees 25 minutes 09 seconds East; THENCE, along said curve to the right an arc distance of 728.68 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 23 degrees 28 minutes 38 seconds, a radius of 1553.00 feet, subtended by a 631.91 foot chord which bears South 75 degrees 25 minutes 03 seconds East; THENCE, along said curve to the left an arc distance of 636.35 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars"; THENCE, South 42 degrees 21 minutes 01 seconds East, a distance of 21.18 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non- tangent curve to the right having a central angle of 47 degrees 51 minutes 12 seconds, a radius of 120.00 feet, subtended by a 97.34 foot chord which bears South 30 degrees 14 minutes 32 seconds West; THENCE, along said curve to the right an arc distance of 100.22 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a central angle of 53 degrees 12 minutes 42 seconds, a radius of 273.00 feet, subtended by a 244.53 foot chord which bears South 27 degrees 33 minutes 47 seconds West; THENCE, along said curve to the left an arc distance of 253.54 feet to the POINT OF BEGINNING and CONTAINING 14.51 acres of land, more or less. SAVE AND EXCEPT (Quail Valley Lemons Overlap) Being a 0.4130 acre tract of land situated in the International & Great Northern RR Co Survey, Abstract Number 2004, Parker County, Texas and being part of a tract of land described in deed to Walsh Ranches Limited Partnership, as recorded in Volume 1699, Page 1765, Deed Records, Parker County, Texas (D.R.P.C.T), as previously described in deed recorded in Volume 237, Page 562, D.R.P.C.T., and recorded in Volume 12624, Page 92, Deed Records, Tarrant County, Texas (D.R.T.C.T), said tract also being a part of a tract of land described in deed to Keith D. Lemons and Pamela J. Lemons, as recorded in Volume 1552, Page 1381, D.R.P.C.T., said 0.4130 acre tract of land being more particularly described as follows: Walsh Ranch Quail Valley PID Petition Page 44 1920.010\54992.8 Exhibit A Description of the Property BEGINNING at stone found for an ell corner of said Walsh Ranches Limited Partnership tract, said corner being on the south line of said Lemons tract; THENCE South 87 degrees 24 minutes 33 seconds West, along the south line of said Lemons tract, a distance of 988.78 feet to a 5/8 inch iron rod found for the southwest corner of said Lemons tract and the southeast corner of a tract of land described in deed to John and Stacy Reding, as recorded in Instrument Number 201412020, D.R.P.C.T., THENCE North 40 degrees 08 minutes 24 seconds West, along the west line of said Lemons tract and the east line of said Reding tract, a distance of 45.90 feet to a point for corner on the north line of said Walsh Ranches Limited Partnership tract, from which an ell corner of said Walsh Ranches Limited Partnership tract and a point on the west line of said Reding tract bears South 89 degrees 27 minutes 32 seconds West, a distance of 2512.74 feet; THENCE North 89 degrees 27 minutes 32 seconds East, along said Walsh Ranches Limited Partnership tract, a distance of 1017.41 feet to the POINT OF BEGINNING and containing 17,989 square feet or 0.4130 acres of land more or less. SAVE AND EXCEPT (Quail Valley Reding Overlap) Being a 4.8368 acre tract of land situated in the International & Great Northern RR Co Survey, Abstract Number 2004, Parker County, Texas and being part of a tract of land described in deed to Walsh Ranches Limited Partnership, as recorded in Volume 1699, Page 1765, Deed Records, Parker County, Texas (D.R.P.C.T), as previously described in deed recorded in Volume 237, Page 562, D.R.P.C.T., and recorded in Volume 12624, Page 92, Deed Records, Tarrant County, Texas (D.R.T.C.T), said tract also being a part of a tract of land described in deed to John and Stacy Reding, as recorded in Instrument Number 201412020, D.R.P.C.T., said 4.8368 acre tract of land being more particularly described as follows: BEGINNING at stone found for an ell corner of said Walsh Ranches Limited Partnership tract, said corner being on the west line of said Reding tract; THENCE North 89 degrees 27 minutes 32 seconds East, along said Walsh Ranches Limited Partnership tract, a distance of 2512.74 feet to a point for corner from which a stone found for an ell corner of said Walsh Ranches Limited Partnership tract bears North 89 degrees 27 minutes 32 seconds East, a distance of 1017.41 feet, said corner being on the east line of said Reding tract and the west line of a tract of land described in deed to Keith D. Lemons and Pamela J. Lemons, as recorded in Volume 1552, Page 1381, D.R.P.C.T.; Walsh Ranch Quail Valley PID Petition Page 45 1920.010\54992.8 Exhibit A Description of the Property THENCE South 40 degrees 08 minutes 24 seconds East, along the east line of said Reding tract and the west line of said Lemons tract, a distance of 45.90 feet to a 5/8 inch iron rod found for the southeast corner of said Reding tract and the southwest corner of said Lemons tract; THENCE South 87 degrees 18 minutes 27 seconds West, along the south line of said Reding tract, a distance of 2542.86 feet to a 1/2 inch iron rod found for the southwest corner of said Reding tract; THENCE North 00 degrees 56 minutes 45 seconds West, along the west line of said Reding tract, a distance of 130.83 feet to the POINT OF BEGINNING and containing 210,690 square feet or 4.8368 acres of land more or less. Walsh Ranch Quail Valley PID Petition Page 46 1920.010\54992.8 oq N V Ln O ti % > O / W O J N Ol ¢w� UWo ------------------ ---� Q Z J a x 0 7 > H H Zam U)_j zz K H J Q U x U U j J c 0 nooime�i _a�i om i�oa --•--•--•--•-- —•-- AINnoo-dmi d ^• O o03N K i �Ay �A4`'H Rp.NGN P AR ' 1 o w a.O x J / D w a 00 az_> > ' N U J Z Y /' F1 o am;. pwo l� w zam } — -- a y U K a J m F Q m S2 N r' ----L------� I a d CG EXHIBIT B NOTICE OF PUBLIC HEARING FORT WORTH Re: Notice of Public Hearing Regarding the Proposed Establishment of Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley). Pursuant to Section 372.009(c) and (d) of the Texas Local Government Code, as amended, notice is hereby given that the City Council (the "City Council") of the City of Fort Worth, Texas (the "City") will conduct a public hearing to discuss the petition filed by QUAIL VALLEY DEVCO I, LLC, a Texas limited liability company, and WALSH RANCHES LIMITED PARTNERSHIP, a Texas limited partnership, requesting that the City create the Fort Worth Public Improvement District No. 16 (Walsh Ranch/Quail Valley) (the "District"). The public hearing will be held on Tuesday, September 20, 2016 at 7:00 P.M. in the City Council Chamber, City Hall, 1000 Throckmorton, Fort Worth, Texas. All persons owning or claiming any interest in property located within the proposed District are invited to be heard concerning the proposed services/improvements, the benefits to the property because of the services/improvements, and any other matter to which they are entitled to be heard pursuant to the Public Improvement District Assessment Act Chapter 372, Texas Local Government Code. Written and oral objections will be considered at the hearing. If you would like to speak at the public hearing, you must sign up (i) online prior to the meeting at http://fortworthtexas.gov/government/ and click on the Request to Speak button or (ii) in person by no later than 6:45 P.M. on the day of the hearing. However, there is no requirement that any property owners attend or speak at the public hearing. You can submit any written objections or concerns about the proposed PID to the contact listed at the bottom of this notice. On September 27, 2016, the City Council will take final action and vote on the establishment of the proposed District. The subject of the public hearing will include the following matters: No. 16, Walsh Ranch/Quail Valley PID 1. The general nature of the proposed improvements and/or services to be provided in the Walsh Ranch/Quail Valley PID include the following: • A Transportation Planning and Management Program consisting of the acquisition, construction, improvement, widening, narrowing, closing, and rerouting of streets and roadways, and the installation of sidewalks, lighting, monumentation, and wayfinding signage; • A Water Distribution Management Program consisting of the acquisition, construction, and improvement of water supply lines and related facilities and equipment; • A Wastewater Management Program consisting of the acquisition, construction, and improvement of sanitary sewer lines and related facilities and equipment; • A Stormwater Management Program consisting of the acquisition, construction, and improvement of stormwater drainage and detention improvements and related facilities and equipment; • A Landscaping, Construction and Maintenance Program consisting of the planting and maintenance of special supplemental landscaping and the construction and maintenance of supplemental irrigation systems, fountains, ponds, lakes, parks and open spaces, playgrounds, athletic facilities, pavilions, trails, lighting, and benches; • A Financial Management Program to provide for the financing of the authorized public improvements, including but not limited to, the costs to issue and sell bonds secured by assessments levied against the Property; and • A Management Program to provide for the administration and operation of the PID. The proposed improvements and/or services will be a supplement to the standard existing level of improvements and/or services currently provided by the City of Fort Worth and to the property owners in the District. The City will continue to furnish or pay for standard improvements and/or services in the District at the same level as they are provided to the taxpayers generally. 2. A preliminary estimate of the cost of the improvements and/or services to be provided in the District is forty-seven million dollars ($47,000,000.00). 3. The boundaries of the District are: north of the intersection of Interstate Highway 20 and Interstate Highway 30, east of Farm to Market Road 1187, south of Old Weatherford Road, and west of the Parker County — Tarrant County boundary line, as more particularly described by a metes and bounds description available at the Fort Worth City Hall and available for public inspection. 4. The City will not be obligated to provide any funds to finance the proposed improvements, other than from assessments levied on the District property. No City property will be assessed, and the City will not be obligated to pay any assessments levied against the property in the District or to pay debt service on any bonds issued by the City and secured by assessments levied against the property in the District in accordance with the assessment methodology approved by the City Council. 5. The assessment methodology utilized by the City will result in each parcel paying its fair share of the costs of the proposed improvements with the assessments based on the special benefits received by the property in the District from such improvements. For further information, please contact: David Reitz, PID Administrator at (817) 392-7807 or via email david.reitz @fortworthtexas.gov. ** Si necesita esta carta en Espanol, por favor Ilamar al (817) 392-8514.