HomeMy WebLinkAboutResolution 4701-11-2016 A Resolution
NO. 4701-11-2016
A RESOLUTION ACCEPTING THE FILING OF A PETITION
TO CREATE A PUBLIC IMPROVEMENT DISTRICT TO BE
KNOWN AS FORT WORTH PUBLIC IMPROVEMENT
DISTRICT NO. 17 (ROCK CREEK RANCH); SETTING A DATE
FOR A PUBLIC HEARING; AUTHORIZING THE
PUBLICATION OF NOTICE; AND ENACTING OTHER
PROVISIONS RELATING THERETO
WHEREAS, on November 9, 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 "Fort
Worth Public Improvement District No. 17 (Rock Creek Ranch)" (the "District"); and
WHEREAS, the Petition, a copy of which is attached hereto as Exhibit A, has been examined,
verified, and found by City staff 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 attachments to the
Petition; and
WHEREAS, the boundaries of the proposed District are within 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 and review
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 m anner 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.
ORTWo T
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS, THAT:
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, December 6, 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 date of 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 and approved for filing with the City Secretary for
public inspection.
6. In considering the establishment of the District, the 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 15th day of November, 2016.
ATTEST:
YA
By:
V
y Mary J. K r, City Se etary °
r
OR'T WO
T
PETITION REQUESTING THE ESTABLISHMENT OF
ROCK CREEK RANCH PUBLIC IMPROVEMENT DISTRICT
This petition (this "Petition") is submitted to and filed with the City Secretary of the
City of Fort Worth, Texas, (the it ') by the undersigned "Owners" requesting the
establishment of ROCK CREEK RANCH PUBLIC IMPROVEMENT DISTRICT (the "District") pursuant
to Chapter 372, Texas Local Government Code, as amended (the "Act") covering
approximately 1,755.613 acres within the corporate limits of the City and commonly
known as Rock Creek Ranch (the "Proper "). The Property is generally Iocated along both
sides of the Chisholm Trail Parkway south of McPherson Boulevard and north of FM 1187.
The Property is described on Exhibit A and depicted by a map 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 (as determined by the owners or developers of the Property)
for the special benefit of the Property includes the following (collectively, the "Authorized
Improvements"):
1.1 payment of costs and expenses incurred in the establishment, administration,
and operation of the District; and
1.2 acquisition, construction, and improvement of water lines and related
equipment, facilities,and improvements for a water system; and
1.3 acquisition, construction, and improvement of sanitary sewer lines and
related equipment, facilities, and improvements for a sanitary sewer system;
and
1.4 acquiring constructing, improving,widening, narrowing, closing, or rerouting
of streets and roadways; and
1.5 acquisition, by purchase or otherwise, of real property in connection with the
Authorized Improvements; and
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1.6 costs associated with the financing of the Authorized 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 Improvements is TWENTY-ONE MILLION DOLLARS ($21,000,000.00) (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 "Qty
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 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 benefit conferred on the parcels by such public
improvements.
S. 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 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 secured by
assessments levied against the Property.
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6. MANAGEMENT OF THE DISTRICT. The Owners propose that the District be
managed by the City with, at the City's option,the assistance of a third-party administrator
hired by the City and paid for as part of the administrative costs of the District.
7. 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 Improvements confer a
special benefit on the Property.
8. ADVISORY BODY. An advisory body may be established to develop and
recommend an improvement plan to the City Council.
9. SUFFICIENCY OF THE PETITION. 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.
THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
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OWNER:
WALTON TEXAS, LP,
a Texas limited partnership
By: Walton Texas GP, LLC
a Texas limited liability company
its General Partner
By: By Walton International Group, Inc.,
a Nevada corporation,
its Manager
By: - -"' /C�— U--"/
John Vick
Vice President
SIGNATURES ARE CONTINUED ON THE NEXT PAGE
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OWNER:
WUSF 4 ROCK CREEK, LP,
a Texas limited partnership
By: Walton U.S. Land Fund 4, LP,
a Delaware limited partnership,
its Manager
By: WUSF 4 GP, LLC,
a Delaware limited liability company,
its General Partner
By: Walton Land Management (USA), Inc.,
a Delaware corporation,
its Manager
By:
Name: Matthew M. tCoistor
Title: Authorized Signatory
By:
Nan e: .y— .�rwschmer
Title: A:Jthoriied Signatory
SIGNATURES ARE CONTINUED ON THE NEXT PAGE
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OWNER:
WUSF 5 ROCK CREEK, LP,
a Texas limited partnership
By: Walton U.S. Land Fund 5, LP,
a Delaware limited partnership,
its Manager
By: WUSF 5 GP, LLC,
a Delaware limited liability company,
its General Partner
By: Walton Land Management (USA), Inc.,
a Delaware corporation,
its Manager
By:
Name: Matthew M_ KQStor
Title: Authorized Sinnatyy
By: -
Name: Ryan J.Kretschme►
Title: Authorized Signatory
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Exhibit A
Description of the Property
TRACT 1 IS LOCATED NORTH OF TRACT 2A AS DEPICTED ON EXHIBIT B,WITH THE TWO
TRACTS SEPARATED BY A UTILITY RIGHT-OF-WAY THAT IS OWNED BY ONCOR AND THAT IS NOT
INCLUDED IN THE DISTRICT.
TRACT 2A IS LOCATED WEST OF TRACT 2B AS DEPICTED ON EXHIBIT B,WITH THE TWO
TRACTS SEPARATED BY CHISHOLM TRAIL PARKWAY THAT IS A DEDICATED PUBLIC STREET AND
THAT IS NOT INCUDED IN THE DISTRICT.
TRACT 3 IS LOCATED EAST AND NORTH OF TRACT 213 AS DEPICTED ON EXHIBIT B,WITH THE
TWO TRACTS SEPARATED BY STEWART FELTZ ROAD THAT IS A DEDICTED PUBLIC STREET
THAT IS NOT INCLUDED IN THE DISTRICT.
TRACT 1
BEING A 220.826 ACRE TRACT OF LAND SITUATED IN THE JUAN JOSE ALBIRADO SURVEY
ABSTRACT NO. 4 AND THE B.F. PACE SURVEY, ABSTRACT NO. 1254, TARRANT COUNTY,
TEXAS AND BEING THE REMAINING PORTION OF THAT CALLED 221.050 ACRE TRACT OF
LAND DESIGNATED AS "TRACT ONE" IN THE WARRANTY DEED FROM CRESTVIEW FARM
L.L.C., TO THE STATE OF TEXAS, FOR THE USE AND BENEFIT OF THE PERMANENT
SCHOOL FUND RECORDED IN COUNTY CLERK'S FILE NUMBER D205348086, OFFICIAL
PUBLIC RECORDS OF TARRANT COUNTY,TEXAS, (O.P.R.T.C.T.), SAID 220.826 ACRE TRACT
OF LAND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A 3/8-INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID
TRACT ONE, BEING THE POINT OF INTERSECTION OF OLD GRANBURY ROAD, (COUNTY
ROAD NO. 1089, A PUBLIC RIGHT-OF-WAY CALLED TO BE 80-FEET WIDE AT THIS POINT
PER TARRANT COUNTY ROAD MAP FOR PROJECT NUMBER 1089, DATED APRIL 4, 1956)
AS IT RUNS NORTH-SOUTH WITH OLD GRANBURY ROAD AS IT RUNS EAST-WEST;
THENCE NORTH 89 004'23" EAST, ALONG THE APPROXIMATE CENTERLINE OF OLD
GRANBURY ROAD AT APPROXIMATELY 918 FEET PASSING THE POINT WHERE SAID
GRANBURY ROAD TURNS NORTH AND STEWART FELTZ ROAD (COUNTY ROAD NO. 1014-
A PUBLIC RIGHT-OF-WAY), CONTINUES IN A EAST-WEST DIRECTION, CONTINUING
ALONG SAID STEWART FELTZ ROAD IN ALL FOR A DISTANCE OF 4958.08 FEET TO A 1-
INCH IRON PIPE FOUND FOR THE NORTHEAST CORNER OF SAID TRACT ONE;
THENCE SOUTH 01 009'29" EAST CONTINUING ALONG SAID STEWART FELTZ ROAD, A
DISTANCE OF 1829.73 FEET TO A COTTON SPINDLE FOUND FOR THE NORTHEAST
CORNER OF THAT CALLED 0.159 ACRE TRACT OF LAND DESIGNATED AS PARCEL NO. 143
IN THE DEED TO NORTH TEXAS TOLLWAY AUTHORITY RECORDED IN COUNTY CLERK'S
FILE NUMBER D213222631, O.P.R.T.C.T.;
THENCE SOUTH 88 050'22" WEST ALONG THE NORTH LINE OF SAID PARCEL NO. 143, A
DISTANCE OF 64.03 FEET TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP
STAMPED "BURY" SET FOR THE NORTHWEST CORNER OF SAID PARCEL NO. 143;
THENCE SOUTH 01 009'38" EAST ALONG THE WEST LINE OF SAID PARCEL NO. 143, A
DISTANCE OF 129.23 FEET TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP
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Exhibit A
Description of the Property
STAMPED "BURY" SET FOR CORNER IN THE NORTHWEST LINE OF THAT CALLED 0.071
ACRE TRACT OF LAND DESIGNATED AS PARCEL NO. 124 IN THE DEED TO THE STATE OF
TEXAS RECORDED IN COUNTY CLERK'S FILE NUMBER D207135726, O.P.R.T.C.T.;
THENCE SOUTH 55 005'56" WEST ALONG THE NORTHWEST LINE OF SAID PARCEL NO.
124, A DISTANCE OF 40.81 FEET TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP
STAMPED "BURY" SET FOR THE SOUTHWEST CORNER OF SAID PARCEL NO. 124 AND
BEING IN THE NORTH LINE OF THAT CALLED 13.703 ACRE TRACT OF LAND DESCRIBED
TO TEXAS ELECTRIC SERVICE COMPANY IN THE WARRANTY DEED RECORDED IN
VOLUME 3569, PAGE 410 DEED RECORDS OF TARRANT COUNTY,TEXAS;
THENCE SOUTH 87 035'39" WEST ALONG THE COMMON LINE OF SAID TRACT ONE AND
SAID 13.703 ACRE TRACT OF LAND,A DISTANCE OF 15.64 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
THENCE NORTH 89 053'02" WEST CONTINUING ALONG SAID COMMON LINE, A DISTANCE
OF 4860.47 FEET TO A PK NAIL WITH A WASHER STAMPED "BURY" SET FOR THE
SOUTHWEST CORNER OF SAID THE AFOREMENTIONED TRACT ONE AND BEING IN THE
APPROXIMATE CENTERLINE OF SAID OLD GRANBURY ROAD;
THENCE NORTH 00 042'36" WEST ALONG THE APPROXIMATE CENTERLINE OF SAID OLD
GRANBURY ROAD,A DISTANCE OF 1893.95 FEET TO THE POINT OF BEGINNING;
CONTAINING A COMPUTED AREA OF 9,619,173 SQUARE FEET OR 220.826 ACRES OF
LAND, MORE OR LESS.
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Exhibit A
Description of the Property
TRACT 2A
BEING A 701.937 ACRE TRACT OF LAND SITUATED IN THE JUAN JOSE ALBIRADO SURVEY
ABSTRACT NO. 4, THE B.F. PACE SURVEY, ABSTRACT NO. 1254, THE JOHN H. BOSTICK
SURVEY,ABSTRACT NO. 195, THE J.M. MUHLINGHAUS SURVEY, ABSTRACT NO. 1157, THE
J.W.HAYNES SURVEY, ABSTRACT NO. 787 AND THE STEPHEN WILSON SURVEY,
ABSTRACT NO. 1676, TARRANT COUNTY, TEXAS AND BEING A PORTION OF THAT
CALLED 1762.1540 ACRE TRACT OF LAND DESIGNATED AS "TRACT TWO" IN THE
WARRANTY DEED FROM CRESTVIEW FARM L.L.C., TO THE STATE OF TEXAS, FOR THE
USE AND BENEFIT OF THE PERMANENT SCHOOL FUND RECORDED IN COUNTY CLERK'S
FILE NUMBER D205348086, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS,
(O.P.R.T.C.T.), SAID 701.937 ACRE TRACT OF LAND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT A PK NAIL WITH A WASHER STAMPED "BURY" SET FOR THE NORTHWEST
CORNER OF SAID TRACT TWO SAME BEING THE SOUTHWEST CORNER OF THAT CALLED
13.703 ACRE TRACT OF LAND DESCRIBED TO TEXAS ELECTRIC SERVICE COMPANY IN
THE WARRANTY DEED RECORDED IN VOLUME 3569, PAGE 410 DEED RECORDS OF
TARRANT COUNTY, TEXAS AND BEING IN THE APPROXIMATE CENTERLINE OF OLD
GRANBURY ROAD, (COUNTY ROAD NO. 1089, A PUBLIC RIGHT-OF-WAY CALLED TO BE
80-FEET WIDE AT THIS POINT PER TARRANT COUNTY ROAD MAP FOR PROJECT
NUMBER 1089, DATED APRIL 4, 1956);
THENCE SOUTH 89 053'06" EAST ALONG THE COMMON LINE OF SAID TRACT TWO AND
SAID 13.703 ACRE TRACT OF LAND, A DISTANCE OF 4702.38 FEET TO A 5/8-INCH IRON
ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR THE POINT OF
INTERSECTION OF SAID COMMON LINE WITH THE NORTHWESTERLY LINE OF STATE
HIGHWAY 121, ALSO KNOWN AS CHISHOLM TRAIL PARKWAY, (A VARIABLE WIDTH
PUBLIC RIGHT-OF-WAY) AS DESCRIBED IN THE DEED TO THE STATE OF TEXAS
RECORDED IN COUNTY CLERK'S FILE NUMBER D207135727, O.P.R.T.C.T.;
THENCE ALONG THE NORTHWESTERLY RIGHT-OF-WAY LINE OF SAID CHISHOLM TRAIL
PARKWAY,THE FOLLOWING FIVE (5) CALLS:
1) SOUTH 55 006'09"WEST,A DISTANCE OF 412.72 FEET TO A POINT FOR CORNER;
2) SOUTH 47°09'45" WEST,A DISTANCE OF 2000.00 FEET TO A POINT FOR CORNER;
3) SOUTH 39 013'20"WEST,A DISTANCE OF 767.36 FEET TO A POINT FOR CORNER;
4) SOUTH 47 009'45" WEST, A DISTANCE OF 1316.80 FEET TO THE POINT OF
CURVATURE OF A CURVE TO THE LEFT HAVING A RADIUS OF 5849.58 FEET;
5) SOUTHWESTERLY WITH SAID CURVE TO THE LEFT THROUGH A CENTRAL ANGLE
OF 44 046'45" FOR AN ARC DISTANCE OF 4571.70 FEET, A CHORD BEARING OF
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Exhibit A
Description of the Property
SOUTH 24 046'22" WEST AND A CHORD DISTANCE OF 4456.24 FEET TO A 5/8-INCH
IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR THE
NORTHEAST CORNER OF THAT CALLED 226.469 ACRE TRACT OF LAND
DESIGNATED AS "TRACT ONE" IN THE DEED TO CHESAPEAKE LAND
DEVELOPMENT COMPANY, L.L.C. RECORDED IN COUNTY CLERK'S FILE NUMBER
D210208370, O.P.R.T.C.T.;
THENCE ALONG THE NORTHERLY LINE OF SAID 226.469 ACRE TRACT OF LAND, THE
FOLLOWING TWENTY (20) CALLS:
1) NORTH 83°00'43" WEST, A DISTANCE OF 29.52 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
2) SOUTH 02 019'58" WEST, A DISTANCE OF 15.05 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
3) NORTH 83 000'43" WEST, A DISTANCE OF 136.63 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
4) SOUTH 75 003'04" WEST, A DISTANCE OF 708.63 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
5) NORTH 37 045'16" WEST, A DISTANCE OF 196.71 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
6) NORTH 87°29'11" WEST, A DISTANCE OF 405.68 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
7) NORTH 02 030'49" EAST A DISTANCE OF 34.93 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
8) NORTH 48 026'34" WEST, A DISTANCE OF 39.80 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
9) NORTH 87 029'11" WEST, A DISTANCE OF 39.80 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
10) SOUTH 41 033'26" WEST, A DISTANCE OF 34.93 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
11) NORTH 48 026'34" WEST, A DISTANCE OF 443.56 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
12) NORTH 84 016'33" WEST, A DISTANCE OF 449.45 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
13) NORTH 45°40'23" WEST, A DISTANCE OF 659.50 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
14) NORTH 09 030'57" EAST, A DISTANCE OF 707.54 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
15) NORTH 29 041'29" WEST, A DISTANCE OF 867.76 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
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Exhibit A
Description of the Property
16) NORTH 83°07'17" WEST, A DISTANCE OF 1017.65 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
17) NORTH 41°16'30" WEST, A DISTANCE OF 566.74 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
18) NORTH 45°59'43" WEST, A DISTANCE OF 221.65 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
19) NORTH 56°08'47" WEST, A DISTANCE OF 592.62 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
20) NORTH 28°05'59" EAST, A DISTANCE OF 1961.13 FEET TO POINT FOR CORNER IN
THE SOUTH LINE OF THAT CERTAIN TRACT OF LAND DESIGNATED AS "TRACT
NUMBER ONE, PARCEL B" IN THE GIFT DEED TO WESLEY A. DAVIS AND KHRIS
DAVIS O'GRADY RECORDED IN COUNTY CLERK'S FILE NUMBER D212254877,
O.P.R.T.C.T. AND FROM WHICH A 3/4-INCH IRON ROD FOUND FOR THE MOST
NORTHERLY NORTHWEST CORNER OF SAID 226.469 ACRE TRACT OF LAND BEING
IN THE SOUTHEASTERLY LINE OF AN EASEMENT FOR RAILROAD RIGHT-OFWAY,
RECORDED IN VOLUME 3142, PAGE 73, D.R.T.C.T., BEARS SOUTH 89°38'04" WEST,
A DISTANCE OF 312.89FEET;
THENCE NORTH 89 038'04" EAST ALONG THE COMMON LINE OF SAID 1762.1540 ACRE
TRACT OF LAND AND SAID PARCEL B, A DISTANCE OF 835.75 FEET TO A 5/8-INCH IRON
ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR THE SOUTHEAST CORNER
OF SAID PARCEL B SAME BEING THE SOUTHWEST CORNER OF THAT CERTAIN TRACT OF
LAND DESIGNATED AS "TRACT NUMBER ONE, PARCEL A" IN SAID GIFT DEED TO WESLEY
A. DAVIS AND KHRIS DAVIS O'GRADY RECORDED IN COUNTY CLERKS FILE NUMBER
D212254877, O.P.R.T.C.T.;
THENCE NORTH 89 024'22" EAST ALONG THE COMMON LINE OF SAID 1762.1540 ACRE
TRACT OF LAND AND SAID PARCEL A,A DISTANCE OF 3753.40 FEET TO A 1/2-INCH IRON
ROD FOUND FOR CORNER IN THE AFOREMENTIONED OLD GRANBURY ROAD;
THENCE NORTH 00 042'21" WEST ALONG A WEST LINE OF SAID 1762.1540 ACRE TRACT
OF LAND WITH SAID OLD GRANBURY ROAD, A DISTANCE OF 2051.25 FEET TO THE
POINT OF BEGINNING;
CONTAINING A COMPUTED AREA OF 30,576,359 SQUARE FEET OR 701.937 ACRES OF
LAND, MORE OR LESS.
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Exhibit A
Description of the Property
TRACT 2 B
BEING A 753.473 ACRE TRACT OF LAND SITUATED IN THE JUAN JOSE ALBIRADO SURVEY
ABSTRACT NO. 4, THE JOHN KORTICKY SURVEY, ABSTRACT NO. 914, AND THE JOHN R.
LEATH SURVEY, ABSTRACT NO. 962, TARRANT COUNTY, TEXAS AND BEING A PORTION
OF THAT CALLED 1762.1540 ACRE TRACT OF LAND DESIGNATED AS "TRACT TWO" IN
THE WARRANTY DEED FROM CRESTVIEW FARM L.L.C., TO THE STATE OF TEXAS, FOR
THE USE AND BENEFIT OF THE PERMANENT SCHOOL FUND RECORDED IN COUNTY
CLERK'S FILE NUMBER D205348086, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY,
TEXAS, (O.P.R.T.C.T.), SAID 753.473 ACRE TRACT OF LAND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT A RAILROAD SPIKE FOUND FOR THE MOST EASTERN NORTHEAST
CORNER OF SAID 1762.1540 ACRE TRACT OF LAND AND BEING AT THE INTERSECTION
OF STEWART FELTZ ROAD, (COUNTY ROAD NO. 1014 - A PUBLIC RIGHT-OF-WAY), TO
THE WEST WITH CLEBURNE ROAD WEST, (COUNTY ROAD NO. 1035 - A PUBLIC RIGHT-
OF-WAY),TO THE SOUTH;
THENCE SOUTH 00 014'46" EAST ALONG THE EAST LINE OF SAID 1762.1540 ACRE TRACT
OF LAND AND WITH SAID CLEBURNE ROAD, A DISTANCE OF 4786.38 FEET TO A 5/8-
INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR THE MOST
EASTERLY SOUTHEAST CORNER OF SAID 1762.1540 ACRE TRACT OF LAND AND BEING
AT THE INTERSECTION OF SAID CLEBURNE ROAD WITH FARM TO MARKET ROAD NO.
1081 (A PUBLIC RIGHT-OF-WAY) RUNNING TO THE EAST;
THENCE SOUTH 89 041'12" WEST ALONG THE SOUTH LINE OF SAID 1762.1540 ACRE
TRACT OF LAND AND CONTINUING WITH SAID CLEBURNE ROAD,A DISTANCE OF 770.87
FEET TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR
CORNER;
THENCE SOUTH 89 027'06" WEST DEPARTING SAID CLEBURNE ROAD, CONTINUING
ALONG SAID SOUTH LINE SAME BEING THE NORTH LINE OF THAT CALLED 113.287 ACRE
TRACT OF LAND DESCRIBED IN THE SPECIAL WARRANTY DEED TO C & E FAMILY
LIMITED PARTNERSHIP, L.P., A DISTANCE OF 4882.79 FEET TO A POINT FOR CORNER
FROM WHICH A 5/8-INCH IRON ROD FOUND BEARS SOUTH 37 059'18" EAST,A DISTANCE
OF 0.28 FEET;
THENCE SOUTH 89 013'38" WEST CONTINUING ALONG SAID SOUTH LINE,A DISTANCE OF
44.52 FEET TO A PK NAIL WITH A WASHER STAMPED "BURY" SET FOR THE SOUTHEAST
CORNER OF THAT CALLED 9.137 ACRE TRACT IF LAND DESIGNATED AS "TRACT TWO" IN
THE DEED TO CHESAPEAKE LAND DEVELOPMENT COMPANY, L.L.C. RECORDED IN
COUNTY CLERK'S FILE NUMBER D210208370, O.P.R.T.C.T. AND BEING IN THE
APPROXIMATE CENTER OF OLD GRANBURY ROAD, (COUNTY ROAD NO. 1089 - A PUBLIC
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Document Number:55563
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Exhibit A
Description of the Property
RIGHT-OF-WAY), CALLED TO BE 80-FEET WIDE AT THIS POINT PER TARRANT COUNTY
ROAD MAP FOR PROJECT NUMBER 1089, DATED APRIL 4, 1956);
THENCE NORTH 06 032'49" WEST ALONG THE EAST LINE OF SAID 9.137 ACRE TRACT OF
LAND AND WITH SAID OLD GRANBURY ROAD,A DISTANCE OF 276.53 FEET TO A PK NAIL
WITH A WASHER STAMPED "BURY" SET FOR THE NORTHEAST CORNER OF SAID 9.137
ACRE TRACT OF LAND;
THENCE SOUTH 89 015'28" WEST ALONG THE NORTH LINE OF SAID 9.137 ACRE TRACT
OF LAND, A DISTANCE OF 1427.14 FEET TO A 5/8-INCH IRON ROD WITH YELLOW
PLASTIC CAP STAMPED "BURY" SET FOR CORNER IN THE SOUTHEASTERLY RIGHT-OF-
WAY LINE OF STATE HIGHWAY 121, ALSO KNOWN AS CHISHOLM TRAIL PARKWAY, (A
VARIABLE WIDTH PUBLIC RIGHT-OF-WAY) AS DESCRIBED IN THE DEED TO THE STATE
OF TEXAS RECORDED IN COUNTY CLERK'S FILE NUMBER D207135727, O.P.R.T.C.T. AND
BEING THE POINT OF CURVATURE OF A NON-TANGENT CURVE TO THE RIGHT HAVING A
RADIUS POINT WHICH BEARS SOUTH 87 028'51" EAST,A DISTANCE OF 5609.58 FEET;
THENCE ALONG SAID SOUTHEASTERLY RIGHT-OF-WAY LINE OF CHISHOLM TRAIL
PARKWAY, THE FOLLOWING NINE (9) CALLS:
1) NORTHEASTERLY WITH SAID CURVE TO THE RIGHT THROUGH A CENTRAL ANGLE
OF 44 038'36" FOR AN ARC LENGTH OF 4370.83 FEET, A CHORD BEARING OF
NORTH 24 050'26" EAST AND A CHORD DISTANCE OF 4261.10 FEET TO THE POINT
OF TANGENCY;
2) NORTH 47 009'45" EAST,A DISTANCE OF 1316.80 FEET TO A POINT FOR CORNER;
3) NORTH 55 006'09" EAST,A DISTANCE OF 767.36 FEET TO A POINT FOR CORNER;
4) NORTH 47 009'45" EAST,A DISTANCE OF 647.57 FEET TO A POINT FOR CORNER;
5) SOUTH 75 013'44" EAST,A DISTANCE OF 292.96 FEET TO A POINT FOR CORNER;
6) NORTH 12 051'03" EAST,A DISTANCE OF 84.05 FEET TO A PONT FOR CORNER;
7) NORTH 47°09'45" EAST,A DISTANCE OF 1126.07 FEET TO A PONT FOR CORNER;
8) NORTH 42°50'15" WEST,A DISTANCE OF 200.00 FEET TO A PONT FOR CORNER;
9) NORTH 39°13'20" EAST, A DISTANCE OF 233.17 FEET TO THE SOUTHWEST
CORNER OF THAT CALLED 0.364 ACRE TRACT OF LAND DESIGNATED AS PARCEL
NO. 144 IN THE DEED TO NORTH TEXAS TOLLWAY AUTHORITY RECORDED IN
COUNTY CLERK'S FILE NO. D213222631, O.P.R.T.C.T.;
THENCE NORTH 88 050'50" EAST ALONG THE SOUTH LINE OF SAID PARCEL NO. 144, A
DISTANCE OF 164.10 FEET TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP
STAMPED "BURY" SET FOR THE SOUTHEAST CORNER OF SAID PARCEL NO. 144 AND
BEING IN AN EAST LINE OF THE AFOREMENTIONED 1762.1540 ACRE TRACT OF LAND
AND BEING IN THE AFOREMENTIONED STEWART FELTZ ROAD;
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Document Number:55563
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Exhibit A
Description of the Property
THENCE SOUTH 01 009'02" EAST ALONG AN EAST LINE OF SAID 1762.1540 TRACT OF
LAND AND WITH STEWART FELTZ ROAD, A DISTANCE OF 2187.24 FEET TO A 5/8-INCH
IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
THENCE NORTH 89 018'13" EAST ALONG A NORTH LINE OF SAID 1762.1540 ACRE TRACT
OF LAND AND CONTINUING WITH SAID STEWART FELTZ ROAD, A DISTANCE OF 1929.06
FEET TO THE POINT OF BEGINNING;
CONTAINING A COMPUTED AREA OF 32,821,292 SQUARE FEET OR 753.473 ACRES OF
LAND, MORE OR LESS.
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Document Number:55563
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Exhibit A
Description of the Property
TRACT 3
BEING A 79.377 ACRE TRACT OF LAND SITUATED IN THE JOHN KORTICKY SURVEY,
ABSTRACT NO. 914, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND BEING ALL
OF THAT CALLED 79.375 ACRE TRACT OF LAND DESCRIBED IN THE SPECIAL WARRANTY
DEED FROM TRINITY/TARRANT PARTNERS, LTD. TO THE STATE OF TEXAS FOR THE USE
AND BENEFIT OF THE PERMANENT SCHOOL FUND RECORDED IN COUNTY CLERK'S FILE
NUMBER D206170014, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS,
(O.P.R.T.C.T.), SAID 79.377 ACRE TRACT OF LAND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET
FOR THE NORTHEAST CORNER OF SAID 79.3755 ACRE TRACT OF LAND AND BEING THE
POINT OF INTERSECTION OF THE EASTERLY RIGHT-OF-WAY LINE OF FUTURE WEST
CLEBURNE ROAD, (A 55-FOOT PUBLIC RIGHT-OF-WAY), AS DEDICATED BY THE FINAL
PLAT OF PANTHER HEIGHTS, AN ADDITION TO THE CITY OF FORT WORTH ACCORDING
TO THE PLAT THEREOF RECORDED IN CABINET A, SLIDE 9826 OF THE PLAT RECORDS
OF TARRANT COUNTY, TEXAS, (P.R.T.C.T.) WITH THE WEST RIGHT-OF-WAY LINE OF
SUMMER CREEK ROAD, (A 60-FOOT PUBLIC RIGHT-OF-WAY) AS DEDICATED BY THE
FINAL PLAT OF PANTHER HEIGHTS, PHASE 2, AN ADDITION TO THE CITY OF FORT
WORTH ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET A, SLIDE 7768
P.R.T.C.T.;
THENCE SOUTH 00 037'47" EAST ALONG THE COMMON LINE OF SAID 79.375 ACRE TRACT
OF LAND AND SAID PANTHER HEIGHTS, PHASE 2, A DISTANCE OF 1395.61 FEET TO A
5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR THE MOST
EASTERLY SOUTHEAST CORNER OF SAID 79.375 ACRE TRACT OF LAND SAME BEING THE
NORTHEAST CORNER OF THAT CALLED 6.887 ACRE TRACT OF LAND DESCRIBED IN THE
CORRECTION SPECIAL WARRANTY DEED RECORDED IN COUNTY CLERK'S FILE NUMBER
D206091861, O.P.R.T.C.T.;
THENCE SOUTH 89 013'07" WEST ALONG THE COMMON LINE OF SAID 79.375 ACRE
TRACT OF LAND AND SAID 6.887 ACRE TRACT OF LAND, A DISTANCE OF 500.00 FEET TO
A POINT FOR THE NORTHWEST CORNER OF SAID 6.887 ACRE TRACT OF LAND;
THENCE SOUTH 00 037'47" EAST CONTINUING ALONG SAID COMMON LINE, A DISTANCE
OF 600.00 FEET TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY"
SET FOR THE SOUTHWEST CORNER OF SAID 6.887 ACRE TRACT OF LAND AND BEING
NORTH LINE OF WEST CLEBURNE ROAD, (COUNTY ROAD NO. 1035 - A PUBLIC RIGHT-
OF-WAY);
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Document Number:55563
Page 15 of 18
Exhibit A
Description of the Property
THENCE SOUTH 89 010'54" WEST ALONG THE SOUTH LINE OF SAID 79.375 ACRE TRACT
OF LAND AND THE NORTH LINE OF SAID WEST CLEBURNE ROAD, A DISTANCE OF 299.16
FEET TO A 1/2-INCH IRON ROD FOUND FOR CORNER;
THENCE NORTH 00 048'10" WEST DEPARTING THE NORTH LINE OF SAID WEST
CLEBURNE ROAD , A DISTANCE OF 660.35 FEET TO A 5/8-INCH IRON ROD FOUND FOR
CORNER;
THENCE SOUTH 89 012'25" WEST, A DISTANCE OF 659.92 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
THENCE SOUTH 00 046'53" EAST, A DISTANCE OF 660.05 FEET TO A 1/2-INCH IRON ROD
FOUND FOR CORNER IN THE NORTH LINE OF STEWART FELTZ ROAD, (COUNTY ROAD
NO. 1014 -A PUBLIC RIGHT-OF-WAY);
THENCE ALONG THE SOUTH AND WEST LINES OF SAID 79.375 ACRE TRACT OF LAND
WHICH ARE COMMON TO THE NORTH AND EAST LINES OF SAID STEWART FELTZ ROAD,
THE FOLLOWING SIX (6) CALLS;
1) SOUTH 89 012'23" WEST, A DISTANCE OF 1260.49 FEET TO A 5/8-INCH IRON ROD
FOUND FOR CORNER;
2) NORTH 75 012'14" WEST, A DISTANCE OF 76.80 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
3) NORTH 52 013'00" WEST, A DISTANCE OF 59.17 FEET TO A 1/2-INCH IRON ROD
FOUND FOR CORNER;
4) NORTH 34 055'30" WEST, A DISTANCE OF 63.75 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR CORNER;
5) NORTH 14 000'44" WEST, A DISTANCE OF 55.98 FEET TO A 1/2-INCH IRON ROD
FOUND FOR CORNER;
6) NORTH 01 001'20" WEST, A DISTANCE OF 1277.45 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR THE NORTHEAST
CORNER OF SAID 79.375 ACRE TRACT OF LAND SAME BEING THE SOUTHWEST
CORNER OF SAID PANTHER HEIGHTS ADDITION RECORDED IN CABINET A, SLIDE
9826, P.R.T.C.T.;
THENCE NORTH 89 012'27" EAST ALONG THE COMMON LINE OF SAID 79.375 ACRE
TRACT OF LAND AND SAID PANTHER HEIGHTS ADDITION, A DISTANCE OF 2739.79 FEET
TO A 5/8-INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "BURY" SET FOR
CORNER IN THE EAST LINE OF THE AFOREMENTIONED FUTURE WEST CLEBURNE ROAD
AND BEING THE POINT OF CURVATURE OF A NON-TANGENT CURVE TO THE LEFT
HAVING A RADIUS POINT WHICH BEARS NORTH 58 047'00" WEST, A DISTANCE OF
1050.00 FEET;
THENCE NORTHEASTERLY ALONG SAID EAST LINE WITH SAID CURVE TO THE LEFT
THROUGH A CENTRAL ANGLE OF 31 049'21" FOR AN ARC LENGTH OF 583.18 FEET, A
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Document Number:55563
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Exhibit A
Description of the Property
CHORD BEARING OF NORTH 15 018'19" EAST AND A CHORD DISTANCE OF 575.71 FEET
TO THE POINT OF BEGINNING;
CONTAINING A COMPUTED AREA OF 3,457,652 SQUARE FEET OR 79.377 ACRES OF LAND,
MORE OR LESS.
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Document Number:55563
Page 17 of 18
Exhibit B
Depiction of the Property
TRACT 1
=� TRACT 3
TRACT 2A
TRACT 2B
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Document Number:55563
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