HomeMy WebLinkAboutContract 36995CITY SECRETARY
CONTRACT NO.
AGREEMENT
BETWEEN HE CITY OF FORT_WORM
AND �"ri S 1 �r ►' ( lyl L � Ll C
FOR BOND'S RANCH
t�
THIS AGREEMENT is made and entered into this the 27 day of February, 2008, by
and between the CITY OF FORT WORTH, a home rule municipal corporation of the State of
Texas located within Tarrant, Denton, Wise and Parker Counties, Texas (hereinafter referred to
as "City") acting by and through its duly authorized Assistant City Manager, the entities
hereinafter named on Exhibit "B" attached hereto and incorporated herein by reference
(collectively, "Developer") and Bonds Ranch Investors, Ltd., a Texas limited partnership, Bonds
Ranch Investors II, Ltd., a Texas limited partnership and Scott Communities Developers Limited
Partnership, a Texas limited partnership (collectively, "Seller").
WHEREAS, on October 15, 2001, the City and Scott Communities Developers Limited
Partnership entered into a developer's agreement (City Secretary Contract No. 27132, as
approved by Mayor and Council Communication C48801) to develop approximately (i) 656
acres of land and (ii) 1,567 acres of Option Land (as defined therein) (collectively, the "Land")
as low density single family residential at an average density of no more than three residential
units per acre with limited neighborhood -serving commercial uses per the terms of the
agreement; which agreement is being restated by this document; and
WHEREAS, a portion of the Land is being sold to Developer, which Land is more fully
described in Exhibit "A" attached hereto and incorporated herein by reference (the "Project");
WHEREAS, the Seller and the City desire to continue the terms of City Secretary
Contract No. 27132 with respect to the Land being retained by Seller, subject to amendment as
set forth herein; and
WHEREAS, the Developer and the City desire to enter into this Agreement with respect
to the Project.
NOW THEREFORE, in exchange for the mutual covenants, conditions and promises
contained herein, City, Seller and Developer agree as follows:
1. PLATTING
(a) A revised concept plan for 2,223 acres (CCP-01-003) which is attached hereto as
Exhibit "C," consisting of a portion of the property included in CP-99-003 (previously approved
by the Plan Commission on June 23, 1999), was approved by the Plan Commission on July 25,
2001. A revised preliminary plat for Lago Vista at Bonds Ranch, PP-01-018, consisting of 772
dwelling units on 656 Acres was also approved by the Plan Commission on July 25, 2001. A
portion (492 acres) of this revised preliminary plat was previously approved by the Plan
Commission on June 23, 1999 as PP-99-035. A final plat for an 82.003 acre portion of the
P of cti l FP �0+11d ,,(the "Lago Vista Plat") has been approved and was filed in the Tarrant
�r
03-10-08 P01�12 IN
04-17-08 A1,1 �4 / IN
County plat records on May 8, 2001. The final platted area is consistent with the previously
approved preliminary plat (PP- M35) and the revised preliminary plat (PM 1.018) approved by
the Plan Commission on July 25, 2001.
(b) Pursuant to Chapter 212A of the Texas Local Government Code, Developer will
make application from time to time for approval by the Plan Commission of one or more new
preliminary subdivision plats (the "new plats") for portions of the Project, which shall be in
reasonable and general conformance with the approved Concept Plan, or any amendments to
such concept plan approved by the Plan Commission in the future (the "Concept Plan"). The
new plats shall be submitted in accordance with Section 3(a).
(c) In connection with approval of all final plats pertaining to the Project, Developer
agrees (and City staff will recommend) that City and Developer shall enter into one or more
Community Facilities Agreements whereby Developer will make certain subdivision
improvements consistent with the City's written policy for installation of community facilities,
except as such policy may be modified by the terms hereof.
(d) All purchasers of any portion of the Project (as described in Exhibit "A") acquired
by Developer shall be bound by the terms of this Agreement, pursuant to Section 8. Filing of a
Final plat for any part of the Project and approval of all new plats shall be conditioned on
execution by Developer of an amendment to this Agreement reflecting a revised and more
accurate description for the platted property, which amendment shall be filed by City in the
Tarrant County property records.
(e) All purchasers of any portion of the Land, (with respect to the remainder of the
property owned by Seller) acquired by future developers shall be bound by the terms of this
Agreement, pursuant to Section 8. Filing of a final plat for any remaining part of the Land and
approval of all new plats shall be conditioned on execution by Seller of an amendment to this
Agreement reflecting a revised and more accurate description for the platted property, which
amendment shall be filed by City in the Tarrant County property records.
2. SUBDIVISION IMPROVEMENTS
(a) Prior to acceptance of dedication/maintenance of subdivision infrastructure by
City on each portion of the Project, Developer, at its sole expense, will make on -site street,
drainage, water and sanitary sewer improvements to such portion of the Project in accordance
with Community Facilities Agreements executed by the parties.
(b) During the course of making the improvements, City will be granted access to the
Project and will have the rights to inspect the work.
(c) Upon completion by Developer and City inspection and approval of the
improvements for a portion of the Project, and upon the annexation of such portion of the Project
in accordance w__th Section 3, City will accept public dedication and maintenance of such
frastructure.an-
} vaill then serve the residents of such portion of the Project with water and
.-. � .�'?L✓ . ?
6 sewer. Service at standard City rates.
> 2
(d) Developer will meet the standard dedication requirements and development
requirements for community and neighborhood park dedication applicable to developments
within the City. If Developer exceeds dedication and/or development requirements for one or
more phases of the Project, Developer may reduce the amount of land and funds it dedicates for
the development of parks, as applicable, for subsequent phase(s), provided that the cumulative
amounts of land dedicated for parks and funds paid for park development are in compliance with
park policy applicable to developments in the City.
(e) Developer agrees that each portion of the Project shall be developed in
accordance with the City of Fort Worth ordinances and development and construction standards
existing at the time such portion of the Project is developed, unless otherwise provided by this
Agreement, provided, however, nothing herein shall be deemed to modify or negate any vested
or pre -annexation rights Developer may have with regard to the property that comprises the
Project.
(f) The paving cross section detail shown on Exhibit "B" attached hereto and
incorporated herein by reference shall be an allowable paving specification for all private streets
within the Project which abut residential lots with a minimum lot size of one-half acre. All'other
residential subdivisions shall meet the City's standard paving construction specifications.
3. ANNEXATION AND ZONING
(a) ; At the time of filing a preliminary plat or prior to connection Developer's water or
wastewater system for any portion of the Project to the City's water system, whichever comes
first, Developer will petition for annexation of such portion of the Project by City pursuant to
Chapter 43 of the Texas Local Government Code. The City will designate any additional
property that may be required to be annexed to comply with Chapter 43 of the Local Government
Code. Upon receipt of each such annexation petition, the City Council will schedule the required
public hearings and will consider the annexation request. City staff will recommend approval of
each proposed annexation, provided Developer is in compliance with all terms of this
Agreement. Developer shall not commence construction of any enclosed, habitable commercial,
industrial or residential building until the property on which the building is located has been
annexed by the City.
(b) Notwithstanding anything to the contrary contained herein, in the event City fails
to approve Developer's annexation petition for a portion of the Project within six (6) months of
Its original submission, Developer may withdraw such annexation petition and/or any associated
zoning petitions and may commence construction and development of any commercial,
industrial, or residential buildings or structures on such portion of the Project it chooses, subject
to any regulations and/or ordinances that would otherwise apply to such construction or
development in the absence of this Agreement, and provided that City shall retain all annexation
authority otherwise granted by law. In the event Developer withdraws its annexation request for
any portion of the Project pursuant to the terms of this Section 3(b), this Agreement shall
continue to remain in full force and effect with respect to the remaining portions of the Project to
the extent practicable.
(c) Concurrent with petitioning for annexation of each portion of the Project,
Developer will file an application requesting that such portion of the Project be zoned for mixed -
use development consisting primarily of low -density single-family residential development and
limited neighborhood -serving commercial uses, consistent with the Concept Plan. The number
of residential units will not exceed an average of three residential units per acre based on the
entire gross acreage of the Project. Subject to zoning approval by the City Council, portions of
the Project may be developed with more than three residential units per acre, provided that the
cumulative average density for all land for which a final plat has been approved and construction
has commenced does not exceed three residential units per acre at any time.
4. WATER AND SANITARY SEWER FACILITIES
(a) Developer will re -submit a comprehensive water and wastewater master plan for
the Project to the City's Water Department within 30 days after the effective date of this
Agreement or upon the filing of the first preliminary plat, whichever comes later. Upon review
by the Water Department, Developer will modify such plan, as needed, to comply with the Water
Department's design criteria and extension policy.
(b) The City has constructed a 16" water main approximately 7200 feet in length in
and along the right -of --way of Bonds Ranch Road from Boat Club Road to the entrance of Lago
Vista, as shown on the Lago Vista Plat, and connect the line with the existing 12" line in the
right-of-way of Boat Club Road ("Phase I" as shown on Exhibit "F" attached and incorporated
by reference).
(c) The City has constructed a 12"/24" water main at the intersection of Colonial
Heights Lane and Bonds Ranch Road. The City will construct a water main along Bonds Ranch
Road from the current point of termination to the 16" water main referenced in paragraph (b)
above to fully serve the water volume needs of the Project and other surrounding developments
("Phase 2" as shown on Exhibit "F" attached and incorporated by reference). City shall
commence the design of such water main after Seller extends off -site gravity sewer main to the
dwelling units in the area covered by the Lago Vista Plat and shall begin construction of the
water main after the City has acquired approximately 100 water consuming customers in such
area. In no event will construction begin prior to the design phase prerequisite being met.
(d) Prior to the City's development of adequate water system infrastructure to serve
the Northside 4 Pressure Plane, Developer (with respect to the Project) or Seller (with respect to
the remainder of the property owned by Seller) shall construct at Developer's or Seller's (as
applicable) expense any interim water system infrastructure that is necessary to provide adequate
water pressure to areas of the Project in the Northside 4 Pressure Plane. Additionally, upon the
request of the City, Bonds Ranch Investors II, Ltd. shall dedicate up to but no more than ten
contiguous acres of land North of the Bonds Ranch Road then owned by Bonds Ranch Investors
II, Ltd. for a water department facility, provided the requested location and acreage is reasonable
in light of the water department's needs.
(e) Developer, at no expense to the City, shall construct all water and wastewater
lines and..conneetions'to serve all lots in the Project based on the Water Department's design
4
criteria, including those lots that Developer intends to initially develop with on -site water wells
and/or individual wastewater systems.
(i) The City completed the expansion of existing wastewater lift stations along the
south side of Boat Club Road sufficient to meet the wastewater needs of the Project. Additional
Force main and lift stations will be required to service the project which will be the Developer's
sole responsibility.
(g) Seller I::) that a maximum of 66 houses with net one acre lots will be
constructed in the area covered by the Lago Vista Plat with on -site wells and on -site wastewater
systems. Prior to annexation of the area covered by the Lago Vista Plat, Seller shall pay the
current City tap and/or impact fees for each developed or sold lot within such plat. The
purchasers of all such homes or lots shall connect their property to City sewer and water systems
after Seller installs the water and sewer mains and taps and after these systems are connected to
the City's system. Seller shall notify each purchaser at closing that water and sewer plumbing
reroute and permit cost is the purchaser's responsibility. Upon connection of a home to the City
water system, the property owner may continue to use the on -site well for irrigation purposes
only and shall disconnect the well from plumbing in accordance with City codes. The City has
no obligation to extend water and sewer to any of such houses without payment of water and
sewer impact fees and meter deposits.
(h) For all lots other than those located in the Lago Vista Plat, water and sewer
impact fees and meter deposits shall be paid to the City in accordance with standard City policies
at the time each building permit is issued.
5. TERM
This Agreement shall terminate 15 years after the effective date of this Agreement or
upon annexation of all the property within the Project, whichever occurs first.
6. APPLICABILITY
Except as otherwise expressly provided herein, this Agreement applies only to those
portions of the Project acquired by Developer. Developer shall notify the City Manager in
writing, with a copy to the City Attorney, within 30 days after purchasing the any portion of the
Proj ect.
7. AUTHORITY
Seller, City and Developer represent that they have full power, authority and legal right to
execute, deliver and perform their obligations pursuant to this Agreement. Developer
acknowledges that approval of the new plats is within the sole jurisdiction of the Plan
Commission, the requests to zone the Project for mixed (primarily low -density single-family
residential) uses are subject to consideration by the Zoning Commission and approval by the City
Council, and annexation ordinances and Community Facilities Agreements are subject to
approval by the City Council. Nothing in this Agreement guarantees favorable decisions by the
Plan Commission and the City Council; provided, however, City staff will support Developer's
applicati,oPs on the terms set out herein.
5
8. TRANSFER
(a) With the exception of the following (2) two situations, Developer shall not
convey title to any portion of the Project before such property is annexed by the City without the
City's written consent: (i) Developer or the owner (or its respective lessees, successors or
assigns) of any oil, gas or other mineral interests in, on, or under any portion of the Project may
enter into agreements, contracts or leases with third parties for the exploration, drilling, or
mining for, or the development, extraction, production or marketing of any oil, gas or other
mineral interests found in, on, or under any portion of the Project and may convey any and all
mineral interests or property necessary thereto; and (ii) Developer may convey title to any
portion of the Project for which Developer has withdrawn its annexation petition pursuant to
Section 3(b).
(b) Developer may convey title to any portion of the Project after such property is
annexed by the City without City's consent.
(c) All purchasers of the property covered by this Agreement shall be bound by all
terms of this Agreement and shall be bound to perform Developer's or Seller's (as applicable)
obligations hereunder, which shall run with the land. Developer warrants and agrees that it will
require purchasers of any portion of the Project to execute an assumption of all obligations
hereunder as part of such conveyance.
9. OIL, GAS, AND MINERAL INTERESTS
Notwithstanding anything to the contrary contained in this Agreement, nothing herein
shall be deemed to prohibit the owners of any oil, gas, and mineral interests in, on, or under any
portion of the Project, and/or their lessees, successors, or assigns, from engaging in the
exploration, drilling, or mining for, or the development, extraction, production or marketing of
any such oil, gas or other minerals found in, on, or under any portion of the Project if such
activities are commenced on such portion of the Project prior to annexation by the City. If a
portion of the Project has been annexed by the City prior to the commencement of any of the
aforementioned activities thereon, all such activities on such portion of the Project shall be
conducted in compliance with the City ordinances which govern such activities. The terms of
this Section 9 shall survive the termination or expiration of this Agreement.
10. UNENFORCEABILITY
If any part, term or provision of this Agreement is held by the courts to be illegal, invalid
or otherwise unenforceable, such illegality, invalidity or unenforceability shall not affect the
validity of any other part, term or provision, and the rights of the parties will be construed as if
the part, term or provision was never part of the Agreement.
11. INTERPRETATION
The parties to this Agreement covenant and agree that in any litigation relating to this
Agreement, the terms and conditions of the Agreement will be interpreted according to the laws
of the State of Texas. The parties acknowledge that they are of equal bargaining power and that
each of -them was represented by legal counsel in the negotiation and drafting of this Agreement.
1
"' lt''` ��( 6
12. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all
prior oral and written agreements between said parties.
13. COUNTERPARTS
This Agreement may be executed in counterparts, each of which shall constitute an
original, and all of which, taken together, shall constitute a single, binding agreement.
EXECUTED as of the day and year first above written.
CITY OF FORT WORTH
Fernando Costa, Acting .
Assistant City Manager
BONDS RANCH INVESTORS II, LTD.
By: E.L. PROPERTY INVESTORS, LLC,
its General Partner
By:
teve Robson, Sole Manager
SCOTT COMMUNITIES DEVELOPERS
LIMITED PARTNERSHIP
By: SCOTT COMMUNITIES L.L.C., a Texas
limited liability company, its General Partner
By:
Steven S. Robson, President
BONDS RANCH INVESTORS, LTD.
By: E.L. PROPERTY INVESTORS, LLC,
its General Partner
By:
ATTEST
S. Robson, Sole Manager
7f 1�V J'.'� hb�7Vr`:Cl
W4
DEVELOPER
See Signatory Addendum
Marty Hendrix
City Secretary
F1 mom Lill mwo 4%Al
Contract 1�uthorization
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SIGNATORY ADDENDUM
By:
Wilford R
C., an Arizona corporation
CLOVERLAND INVESTORS, LLLP, an Arizona
limited liability limited partnership
By: Fogo, L.L.C., an Arizona limited liability
company, General Partner
By: Binghampton, L.L.C., an Arizona limited liability
company, Manager
By:
Wilford R
SPA-WHEATLEY, LLLP, an Arizona limited liability
limited partnership
By: Strategic Partners Group, L.L.C., an Arizona
limited liability company, General Partner
By:
Wilford R
SPG-SWABACK, LLLP, an Arizona limited liability
limited partnership
By: Strategic Partners Group, L.L.C., an Arizona
limited liability company, General Partner
By:
Wilford R
C W4982 TRUST, LLLP, an Arizona limited
liability limited partnership
By: CSP Partners, LLLP, an Arizona limited
liability limited company, General Partner
By: Fogo, L.L.C., an Arizona limited liability
company, General Partner
By: Binghampton, L.L.C., an Arizona limited liability
company, Manager
CHAItLESVIEW, LLC, an Arizona limited liability
company
By:
Wilford R
CSP-ILL, LLLP, an Arizona limited liability limited
partnership
By: .CSP Partners LLLP, an Arizona limited liability
limited partnership, General Partner
By: Fogo, L.L.C., an Arizona limited liability
company, General Partner
By: Binghampton, L.L.C., an Arizona limited liability
company, Manager
By:
Wilford R
CSP-STRATFORD I, LLLP, an Arizona limited
liability limited partnership
By: CSP Partners LLLP, an Arizona limited liability
limited partnership, General Partner
By: Fogo, L.L.C., an Arizona limited liability
company, General Partner
By: Binghampton, L.L.C., an Arizona limited liability
company, Manager
By:
Wilford R
EXHIBITA
7.
LEGAL DESI owl 9 orCRIPTION of PROPERTY No Do
IN
TRACT is so . . •
All a
No
Parts of the R. GANZA.RA SURVEY, Abstract No. 563, the T, & Pe R. R, Coo SURi
Abstract No. 1568, the ALE XANDER, CRAW, HARRIS & BROOKS, SURVEY, Abstract No.
55 situated. in the northwest part of Tarrant County, Texas; embracing a portion of the 608-
643/1000 acres traot described in the deed to Hicks Road Investors, Ltd. recorded in volume
13887, page 68 of the Real•Records of Tarrant County, Texas and described by metes and Founds
as follows:
Aeginning at a V2 iron found for the northeast corner of LAGO VISTA AT BONDS RANC
Addition to the City of Port Word, Tarrant Coon H, an
plat
in Cabinet A., Slide 6636 of the Plat Records of Tartan County, Te as andng to ebeat�g thereof the north line
of said 608�643/1000 acres tract and in the south right-of-way of Bonds Ranch Road.
Thence north 89 degrees-23 minutes-•42 seconds east, aloriSiiie north line of said 608-643/1000
acres tract and the south right-o%way of said Bonds Ranch Road, 1444-20 /100 feet to a 518"
capped iron set for the northwest corner of LAGO VISTA AT BONDS RANCH, an Addition to
the City. of Fort Worth, Tarrarrt County, Texas according io the plat thereof recorded in Cabinet N
A, Slide 10089 of the said Plat Records -and the northwest'eorner ofthe 113-016/I OOO acres exact
described in the deed to Scots Communities Developers Limited Partnership recorded in'volume
17101, page 22.1 of the crud Real Records.
No I
No
Thence southeasterly and southwesterly, along the west line of said L,4Gp. 0 N` % ON
A
RANCH, recorded in Cabinet A, Slide 10089 of the said Plat Records and the west lire ofOsuds '
113-Q16/1000 acres tradt, and. the east line of Dosser CreoIc Parkway, the following: •
south 00 degrees_36 minutes-18 seconds east 27.91 A00 feet to ao 5/8" capped iron setwat
the beginning of curve to the right havinga radius of 836 Feet; :
along said curve to the right an arc length of 132-28 /100 feet to a Sl8" capped iron set at
its end and the beginning of a curve to the right having a radius Of 409-50/100 feet, the
long chord of said 132-28A 00 feet arc is south 03 degrees-55: mi
132 nutes-Q 1 seconds west
-14 /1.00 feet; 1 •
along said curve to the right an are length,� of 53-35 f100 feet to:a 5/8 capped 1 on set at
end at the iptersection of the east line of said Dosser CreekmParkway and the north line of
Owl Creek I3rive, the Tong chord of said 53a35/1006 feet arc is south 12 degree's-1 I minutes-36 socoiads west 53-31: /100 feat: ... .
• EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY a
•
TR.A.CT 1: 0 0 4 0 .
Thence south 76 degrees-09 minutes-56 seconids east, along the north line ofsaid awl Creels
Drive,l5-94 /100 feet to a 5/8" capped iron set.
Thence south 13 degrees-50 minutes-04 seconds west; crossing said Owl Creek Drive, 50W00
/100 feet to a 518" capped iron set in the south line of said Owl Creek Drive,
Thence north 76 degrees-09 minutes-56 seconds west, along the south line -of said Owl Creek
Drive, 20-17 /I p0 feet to a 5/8" capped iron set at the intersection of the south line of said Owl
Creek Dritve and the east line of said Rosier CreelG Farkway at fhe beginning of a curve to the
right having a radius of 830 feet,
Thenco southwesterly; continuing along the west line of said LAG-O VISTA, AT BONDS
RANCH, recorded in Cabinet A, Slide 10089 of the said Plat Records and the west line of s
I 13-016/1000 acre tract, the fallowing: aid
along said curve to the right an are, length of 204=09 /.100 feet to a''Y? capped iron found
at its end, the long chard of said 204-09/100 feet are is south 22 degrees-36 minutes-17
seconds west 203-58 /100 feet; ' ..: ' Ibe I . ' .
south 29 degrees-38 minutes-57 seconds west 246.78 /100 feet td S/$" cabe pped iron set
for the most westerly southwest corner of said LAGO VIS'F.4 AT I3pN7�g KANCH,
recorded in Cabinet A, Slide 100$9 of the said Flat Recordst the beginning of a curve to
the left having a radius of 770 feet.
Thence southwesterly and southeasterly, Continuing along the west line of said 113-0 16/1
acres;tract, the following: fl00
along said curve to the left an are length of264-15 I100 feet to a 5/$" .capped iron
recovered, the long chord of said 264-15/100 feet arc is.south 19 degrees.4.9 minutes-13
seconds west 262-86 /100 feet; .. ..
south 81 degrees-SI minutes-00 seconds east 15.87 /100 feet *to a 5/8" cappe1 bed: iron
recovered; •
WIN I I le
south 08 degrees-07 minutes-55 seconds west 50--00-/100 feet to a65/8" capped iron recovered;
north 81 degrees-52 minutes-05 seconds west 15-88 /1,00,feet to a 5/8" capped iron.
recovered at the beginning of a curve to the left having a radius bf 770 feet;ADD Do
A
• . . • . EXHIBIT A : .
me 6
..
LEGAL DESCRIPTION OF PROPERTY a to
• . .. TR9 ACT I: • ' •
go
along said curve to the left an arc length of697-03 /100 feet to at 5/8" capped iron
recovered at its end, the long chord of said 697-03/100 feet arc is south 19 degrees-39 .
minutes43• seconds east 673.48 /100 feet;
north'44 degrees-29Rminutes-12 seconds.east 15,581100 fe
recovered} etto a 5/8" capped iron
south 45 degreesL30 ffiinutes-48 seconds east 50-00 /100 feet to a 5/8" capped iron
recovered;•
south 44 degrees-29 niimtes-12 seconds west 15-58 /100 feet to a 5/8"capped iron
Tecovered at the beginning of 9 curve to the right having a radius of 830 feet; 0, 0 10
along said curve to the right an arc Iength of 406-93 /100 feet to a 519 capped.iron
recovered at its end for -the southwest corner of said 113-016/.1000 •acres tract; the song
chord of said 4'06-93/100 feet arc is south 31 degrees•-28 minutes• -OS seconds east
402-86 /100: feet, •
=21 minutes-04 seconds east,: alo ig the south lime of said 113-01611000
Thence north 89 degreesa me
acres tract, 334-97 /100 feet to a 5/8" capped iron recovered. If.'
4 6
me ow m:o
Thence south, $0 degrees-05 minutes-35 seconds east,.continuing along the south line of said
113-01611000 acres tract to and along the south Iine ofsaid LACrO VISTA•AT BONDS
RANCH)go recorded in Cabinet A, ,Slide 10089, 427-4$ /.I Od %et .tq a S/8 capped to IIron set,
to
Thence.south 09 degrees-54 minutes-25we ; ` a,: ' :::: `OJAI : r y
seconds st456-281100 feet to a 5/8 "• capped • • •
. -to 0 iron set.
Then'de south 80'degrees-0 minutes-35 Seconds04.
' V +'.: :' - 0 we east Q77-3911 UQ feet to a 518" vcppecl'iron sefsee
i.
W ME
Thence north 09 degreeswS'miriutes-2S seconds, east 456-28/100°feel to .$ 518" we
ed iron set in
the south line of said LAGO' VISTA. AT BONDS RANCH, recorded in Cabinet A fide 10089
of the said -Plat Records and'M the south line of said 113.01611000 11
acres tractod,.
Theme south $0 degrees-05`I We minutes�35 seconds east along the south line ofsaid Ii3�016/1 DOp
acres tract, 177-22/100 feet to `a 5/811 capped iWAE set for the southeast corner of said LAGQ VISTA AT BONI5 ,.RANCH, recordemet Owl d in Cabinet A, Slide 10089 of the said Plat Records and '
the most southerly suutlieast.come�r ofsaid 113�01'6/1000 acres firact.go I
.:.:`'.?.;::::0 me
Thence north 30 degrees-09 minutes an s~ege
` ::::. ` :: >;:::.: >..` '::::':;;:'. t; .. ',:. ; ..:• .
5tl`see ast, along a easterly line of said 113-016/l 000
go IS
acres tract,. 763-16 /1.00 feet to a 5/8" �appediron recovered,••'•%
.,am
: y'to go ONThence; north 1'4 degx -03' 04,
uin ' .: ,.. .:: ..::::..: �: 41 ;:.%Po.6 me
ees irte$-13 'seconds west; continuing"along a east tine of said`1113
-
16I1000 acres Erect, 86-64 /100 feet to'a 5181' cappecl_ixon recovered for a re-entitant corner of
said 113-0161.1000 acres tract.°
• ,j
exHISITA
so
to
80
ff TRACT I:
to
LEGAL DESCR/P7701V OF PROPERTY .
Thence northeasterly and southeasterly, along a south iie of said 113-016I1000 1.acres tlttct, the
following;
north 99degrees-minutes-39 seconds east 338-99 /100 feet to a 5/8"
recoverered; capped iron
south 78 degrees-17 minutes-36 seconds east 56-00 /I00 feet to a 5/8" capped iron
recovered at the beginning of a curve to the Loft having a radius of 488 feet;
along said curve to the left ann are length of 79-86 /100 feet to a 5/8" capped iron
recovered of its .end, the long chord of said '79-86/1.0Q feet are is north 07 degrees-0l
minute-07 seconds east 79.77 /100 feet;'
north 89 degrees-23 •minutes-39 seconds east 17145 /100 feet to a 5/8" capped iron
recovered for the southeast coiner of said 113-01611000 acres tract in the east line of said
608-634/1000 acres tract.
Thence south 00 degrees-22 minutes-12 seconds e
acres tract, 1642-8g /100 feet to a I" iron recovered along the eastlme of said 608-643/1000
Thence south 00 degrees-18 minutes-49 seconds east, continuing along the east line of s
too
643/1000 acres tract, 2443al
.65 /100 feet to a 5/8" capped iron recovered fox the southeast coro�8
of said 6ectric /10?Q0 acres tract in the north line of said West Tract described in the deed to
Texas Electric Service Compady recorded in volume 6865, page 44 of the said Real records.
Thence north 89 degrees-43 minutes-S2 seconds 'west, .• t 1 to
to o o 0.:• •
acres tract and'the, north line of said West Tract, 484-40/100 feet to a 5�ine of said iron
set3/1000
8 capped iron set, .
Thence north 00 degrees-16 minuutes-08 seconds east 360-06/100 feet to a 5/8" capped Ixon set,
Thence north 89 degrees43 minutes-52 seconds west 604-98/100 feet to a 5/8" capped iron set.
Thence south 00 degrees-06 minutes-08 seconds west 360=061100 feet to a 5/8",ca ed iron set
al the south line of said 608-643/1000 acres tract and the north Tine of said West Tract. .
Thence north 89.degrees=43 Minutes-52 seconds 'unrest; along the south line 6of said 608-643/1000
acres tract and the north line of said West Tmef, 3841-89 /100' feet to a 7/8". iron recovered for
the southwest corner.of said 608Po let I-643/I000 acres treat:: 4. ` •. a
Thence north 00 degrees-22 minutes-26 seconds west; along the west lira of said 608-643/100
acres tract, 288-13 /100•feet tala 1" pipe recovered for the southeast corner of Tract No, 4 0
described in the deed to Texas Electric Service Company recorded in volume 2542, e.I of
said Real Records.: page. the
TRACT is r..
EXHIBIT'A
LEGAL DESCRIPTION OF PROPERTY
Thence north OQ degrees-25 minutes-Q7 seconds east, continuing rdong the west line of said 6
643/1000 acres tract'and the east line of said Tract No, 4, 371-57 /100 feet to a z" capped iron $
found for the southwest corner of LAGO VISTA AT BONDS RANCH, an Addition to -the C,
Of Fort Wartb, Tarrant County, Texas according to the plat thereof recorded in Cabinet A, Slide
8115 of the said Plat Records,
Thence south 89 degrees-43 minutes-40 seconds east, along the south line of said LACrO VISTA
AT BONDS RANCTT, recorded in Cabinet A, Slide $1 I S of the sad feet to a 5/8d Plat Records, 1 S7G-07 1100
" capped iron set for the southeast corner of said LAGO
RANCH, recorded in Cabinet A, SIidVISTA AT BONS
e 811 S of the said Plat Records.
Thence northwesterly and northeasterly, along .the east line of said LAGO
VI
RANCH, recorded in CabNDS
inet A, SIide 8115 of the said Plat Records to and aI ng the east line of
said LA VISTA AT BONUS RANCH recorded in Cabinet A, Slide 6636 of the said Plat
Records, 6the following:as 11
north O1 degree-22 minutes-SI• seconds west 643-38 /100 feet to a Yz11 capped in
north 08sidegrees-00 minutes-58 seconds west 156-13E/100 feet to a Y2 tiofound*
on found;
north ,18 degrees-22 minutes-49 seconds west- 903-32 /100 feet to a %" -c ped Iron found
north 09 degrees-03 minutes-20& seconds east 239-97 /I 00 feet to a 5%8 c
north 00 de apped iron set;
grees-27 minutes-42 seconds west 130-I6 /100 feet to a 5I8" capped iron
' •recovered at the beginning_of a eurve to the, left has a radios of 965 feet•
''along said ewe #o the right an arc length'of 14-01/100 feet tb a 518" capped iron set at its
end, the long chord ofsaid 14-01/100 feet are is north 87' degrees652 minutes-3
east.l voI01/100 feet; • • • : 9 seconds.
north' 00 degrees-27'm-nutes-42 seconds west 985.90 /I00 feet to a Y? ea
north 36 degrrees-49 rninutes-09 seconds west 498.38 /I00-feet to a 1/1, capped won found;
north 00 degree
s-35 minutes-52 seconds west 365.01 /100 feet to a Y capes iron iron found;
south 89 degrees-24 ,minutes-08 seconds WeSt:•13~l4 /l 00•feet to a %z" ca capped
Ton found,
north 00 degrees-35 minutes-52 secondss*est 600:0� /100 feet to a railroad spike fouxTd;,
north 89 degrees-24 minutes-08 seconds east 12�50 /1Q0 feet to a %' capped iron foun
north 00 degrees_35 minutes:52 seconds west 360=141100 feet,to flit place of begizuiing
and containing`351y0IQ/1000 acres:61 . ,:• • .
to
as
' J to
Pa US..
i
TRACT 1::. ' •'
ff
of
EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY
fart of the ALEXANDBR, CRAIN, )1A1WS & BROOKS SURVEY, Abstract No. 55 sit<�ated in the
northwest laart of Tarrant County, Texas; embracing all of the 47-242/1 ppp ace tract described in the
'
deed to Tucks Road Investors, Ltd, recorded in volume 13887, page 68 of the Real Records
County, Texas And described Isy metes and bounds as follows: of Tarrant
1 0 to so
Beginning at a 5/8" capped iron set for the northwest corner of said 47-242/100 acres tract in the sou
line of Tract atT S described in the deed to T.E.S,C,O, recorded in volume 254x, page I of the Deed
Reevrd1 of Tarrant County, Texas.
Thence•south 89 degrees-43 minutes-25 seconds eas al
ong and the south line of said Tract No: 5, 1942-55 /10 feet to at518he ° pped iorth I one ron set,47-242/1000 acres tract
Thence south 00 degrees-01 minute-49a too seconds east 604-98/1600 feet to a 5/8" capped iron set.
Thence south w2 degrees-43 minutes-25 seconds east 360.07/100 feet to a 518" cappM irpn S
line of said 47-242iypOD acres tract. et un the east
.. .
Thence south 00 degrees-01 minute-49 seconds east., along the east lace of said -�
279-89 /I00 feet to a 5/g�� capped iron recovered for d southeast earner of said 7 .42/1000 acres tract,
47-242/1go 0.000 acres tract.
... 0 go to D .
It 1 OF 6
OR
10 :..Thence south 89 degrees-47 minutes-33 seconds west, atang the south 1' .
tract, 2298-17 /100 feet to a 518" dapped me of said- D00 acres
47-242/1000 acres tract. APed iron sWe
et for the southwest corner of said
We
Thence north 00 de' es-18 mi , : too ::..t
8re notes-38 seconds west; along the west line of said 47-242/I000 acres tract,
904-3J /..100 feet to the place of beginning and containing 42.24111000 acres. '
OF
OW
.
to
•
•
5
•
..
.
d
go
go
go 0
to.
Mgo
so
I
EXHIBIT A
r
LEGAL DESCRIPTION OF PROPERTY
Pax-ts of the R GANZARA SURVEYP IF
, Abstract No. 563 and the T. & P. R. R. CO. SURVEY,
Abstract No. 1568 situated in the northwest part of Tarrant C
169-230/1000 acres ounty, Texas; embracing d iail of the
tract describen the deed Bonds Ranch Investors' ll, Ltd, recorded in
volume 1603% page 268 of the Real Records of Tarrant County, Texas and described by metes
and bounds as follows;
Begir►x�ing at $ S/$" capped iron set for the northeast corner of said 169-290/1000 acres tract in
The south right-of-way of Bonds Ranch Road and in the west line o£Tractl`1o. 4 described in the
deed to Texas Electric Service Company recorded in volume 2542, page 1 of the .Deed Records
of Tarrant County, Texas from which the northwest corner of LAt'i0 VISTA AT BONDS
R A1�CH, recorded in Cabinet A, Slide 6636 bears along a curve to the right h.aviug a radius of
1440-02/100 feet an are length of 76_72/100 feet. The long chord of said 76-72/100 feet are is
north 78 degrees-23 m1nutesr09 second east 76-71/100 feet.
Thence south 00 degrees-25 minutes -OS seconds west, along the east line of said 69-290/1000
acres tract and the west line of said Tract No, 4, 521-20/10*0 feet to a 5/8" capped iron set.
Do
'PY!el11
1 * 1 north 89 degrees-34 minutesseconds west 36046/100 feet to a 5/8"I cap ed
P iron set,
Thence south Ob degrees-25 minutes -OS seconds west 604-98/100 feet to a 5/$" capped iron set,
•. pp
Thence south 89 degrees-34 nunutes�55 seconds east 360"061100 feet to a 518" capped iron set in
the east'Line of said 169-290/1000 tcres tract and the west line of said Tract No. 4.
Thence south. 00degrees-25 minutes -OS seconds west, along the east line of said 169-2g0/1000
acres tract and the west line of said Tract No, 4•, 2074-03/100 feet to a 5I8" capped iron set. '
ThencM. e riarth 47 degrees-02 minutes-03 seconds west 360-06/100'feet to.a 5/8". capped iron setIF I
Thence south 42 degrees-57 Minutes-52 seconds west 604-98/100 feet to a 5/8. capped iron set,
:...:•:.: •.11 p
Is
Tlrenee south 47 degrees-OZ minutes-08 seconds east 360-06/I00'feet to. a 5/8" capped iron set
Thence tnoyrth 42 degrees-57 xzunrites-52 seconds east 604-98/ '
the east Mae said 169-290/1000 acres tract and the west line o0£said Tra t/No gpped iron wet in
EKMISIT A
LEGAL DESCRIPTION OF PROPERTY
Thence south 00 degrees_25 mzn.utes-05 seconds west, along the east line of said 16 _ '
acres tract and the west line of said Tract No. 4, 1298-58/100 feet tQ a 5/9 capped 9 Z90/1000
northcast corner of the 5 acres Surface Use Agreement recorded in Clerks'Dument No.iron et for the
I3207336116 ofthe said Deed Records,
Thence south 89 degrees••5Q minutes-09 seconds west, along the north line of said 5 acres tract,
41 fi-861100 feet to a 5J8" capped iron set.
Thence south et degrees-24 minutes 28 seconds West, along the west line of said 5 acres tract,
522.5t)/1Q0 feet to a 5/8" capped iron set in the south line ofsaid 169-290JI00acres tract.
Thence south 89 degrees-53 minutes40 seconds west, along so acres tract, 1063.53 /100 futh line of said I69-29 eet to a S!8" capped set, 0/1000
Thence north. 00 degrees_06 minutes-20 seconds west G04-98/100 feet to a 5/ " . Pon :: `60 8 . capped iron set.
do
Thence south $9 degrees�53 minutes-40 seconds west 174-49/1-00 feDo,et to . Sj$�' c "
in the west line of said 169m290/100pped iron set
0 acres tract and the east line of the 120-507/1000 acres tract
described in the deed to Bond Ranch Investors lI, Ltd. recorded 0 ClerksDocumentNo
D204293195 of the said Real Records90 In no. -
Thence north 00'de TI POP V.
;
-25 minutes-09 seconds: east, alo�ig the caminon line of said 169-
290/1000 acres tract and said 120-507/1000 acres trract, 2956.3.1 /100 feat a 5!8" Capped uon
set for the noithwestecorner of said 169=290/1000 acres tract•and the northeast corner pped i n
507/100 0'acres tract in the southeasterly right-af,way of said Bonds Ranch Road.of
Thence northeasterly, along the north line of said 169-290/1000 acres"tract and
right -of way of said Bonds, Ranch Road, the following: ' " the southeasterly
north 41 degrees-21 rmnutes-OG second$ Cast 138845 /100 feet to a 5/&" capped"
at the beginning of a curve to the right haying a radius o l 440-02/100 feet;iron set
along said curve to the right an arc le =
and �contammg'15t-865/1000 acres, the Iongchord of oa0ia �9z 4�1Op feel f beginning
" .. degrees-06 Aninutes-20 seconds east 878-21 /100 feet, are is north 59go
CIO
on oil I;
. caul v � ! 14
9
to
y
• (_EGAL DESCRIPTJON OF PROPERTY
r
Paxts of the T & 1?. R. R. CO, SUitVEY, Abstract No. 1568, the R. G.EINZA.RA StJRVE�
Abstt�ct N'o. 563 and. the J'.p. SM'(TT-3 g[.TRVE�.r� Abstract No. 19I 6 situated in the northwest
part of Tarrant County, Texas, embracing all of the 120-507/1000 acres tract described uz the
deed to.$onds Ranch Investors iI, Ltd, recorded iu CIerks Document No. I72042�31 g5 of the
Real Records of Warrant County, Texas and described by metes and bounds as fod�lows:
Beginning at a 7/8" iron recovered for the southwest corner of said 120-507/10
the east,zighf-o%way of �. M. Higlxway No, I220 (Boat Club Road ). Oa acres tract in
Theace�zzorth !•4�degrees-02 minutes-37 seconds west, a.lorig the �1reSt line of said 120-507110
acres Tract avid. the east right -of --way of Said Boat Club Road, 00
iron set for the northwest corner of said 120-507/1000 acres tr ct a � he interseection of the epast �
x�gi�t-of-�Vay.of said Boat Clab Road at�d the southerly right-of-way of Bonds Ranch Road.
Thence northeasterly, along the noz-therly Line of said I20-507/1000 acres tract and the s
rigIzt-�of-�.yay of said Bonds Ranch Road, the fallor�ving; ... �� .. � ou�erly
. • '.:. north' 75 degrees-57 �mi.nutes-15 seconds e$st.569-18 /100 feet to a 5l8", ca ed iron se
'�• xl�.e beginning of a ctuve�to the Left having a radius of2360-03/100 feet; PP tat
�`���aIong said curve to the left an arc length of i42S-29 /I00. feet to a 5!8". capped iron set at
• _ .:its end, the Long, chord of said I425-29/I00 feet�arc is north 58 degrees-39 minutes-1 I
...:.seconds east Z403-73 /100 feet; � � � • ' �:. ��•
•'� �north��•l degrees-21 minutes_06 seconds east 71.8-47 /1 Op feet � a.5/8" cappediron set
�•`-� for the northeast cortxer of surd I20-S07/1000 acres tract and the northwest corner of'the
,169-290/] 000 acres tract described in the deed to fonds Ranch Investors II,. Ltd. recorded
in yolu2ne I�03O, page 26g of the said Real .Records.
Thence south 00 degrees-2S minutes_Og Secorids west, along the common line of said 2
507/1000 acres tract and said 169-�90/I000 acres tract, 2956-3I /100 feet to a S/$" capped xi -on
set..
•� Then�•south �89�degrees-53 minutes-40 seconds west 185-5 '. ... ,; .; � . � :;. .. . • .
• � � ;, : •.:.�;..��; ;: .•. 71100 feet to a 5/8" capped iron set.
Thence soutli�00�degre�s-O6 minutes-2O.seconds.�east 60¢gg/I�00 feet.to
the soutlx�line o�said 120-507/1000.acres tract, � � � a 5/8" capped iron set in
... •Thence.sorctlz.89�ciegrces-53 .minutes•4Q, seconds avest, 21on the s � .
acres tract, 1480-1,6 /100 feet to the place Uf begiiu�ing ar�d cont� z g 1 7 gg3%1000 ae5a7/I OOp
�:,i�'vJs � .J.
EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY
I'<U t of the T. & P. R. R, COO SURVEY, Abstract No. 1568 situated in the northwest a of
Tarrant County, Texas; embracing aportion of the 113�OI6/100 acres tract described . part of
to Scan Coaununities Developers Limited Partnership, recorded
n� volume 17101 ra the deed
the Real Records of Tarrant County, Texas and described by mefes and bounds as folloe 221 of
Commencing at a l" iron found for the northeast corner of said 113_01 {,/I00 ws,
northwest comer of the 1029-1851100 acres tract described in the deed acres tract and the
LLLP& recorded in volume 14957 e to Chapel all Venture,
way of Bonds Ranch Road and nunpa o g the north f the line of ss Records
e X rd pand in the south right -of -
south right -of --way of said ,Bonds Ranch Road south $9 degrees-11 in 16/1000 acres tract and the
2470-02/100 feet to a 5/8" capped • inutes-42 seconds west
n Set for the northwest
fact and the northwest corner of LAGO �STA AT BONDS
orner of TarrantRANCH, said 113.01611000 acres
Tarrant COUntY, Texas according to the plat thereof recorded in Caban Addition to
Plat Records of Tarrant Co�rniy, Texas and then run along the west line of sSlidl 13 089 of the
acres tract and the west Iine of said LACrO 015/1000
minutes-] 8 seconds east 27.91 /100 feet to a pg+ cP aOND ron �tRAN
CH° south 00 degrees-36
to the right having a radius of 836 feet and then at e beginning of a curve to
132-28 /100 feet to a S/S" capped along said curve to the right an are length of
hying a radius of.409=50/1 0 f4 qt the 1 Ong Nord oat its end f said 132-2
d the beginning of a curve to the right
:. dgzecs-55 mutes-41 seconds west 13244 /10 feet and then run along said c 8/1()o feet arc is south 03
'azi and length seconds
/I00 feet to a 0 11 ca rune to the right
l net of said Rosier Creek Paxicvva Peed iron set at is end at the intersection of the east
My,and the north line of Owl Creek Drive, the long chord of said
53-5/I00 feet arc is south 12 degrees_11 minutes-36 seconds West 53-3 T
south 76 degreesI minutes-56 seconds'east; alongthe north Line ofs /100'feet, and then ntn
/10 feet to a SIS",capped irort set and then run south 13 degrees -SO mirrui
aid Owl Creek Drive
crossing said Owl Creek Drive, 50-00 /I00 feet to a 5/8" es-04 seconds west,
Owl Creek Drive and then rrxn north 76 de `�PPed Iron set in the south line of said
of said OwI Creek Drive, 20-I 7 /I 00 feet to 5I8'gc pped iron set artheds e ealong the soudl line
line of said C)cv1 Creek Drive and the east line of said IJosier Creek Parkway at.the
of the south
curve to the right having a radius of 83 0 feet and then run, aloe said Y the be '
length of 204-09110 feet to a z" capped.ixon foinid at.its en 1e tama c. of a
g curve to the right an arr
feet arc is south 22 degreesa3i5 miritrtes_17 seconds west 20-5$ /100 feet and the '
• � long'chord of said 204-09/100
degrees-38 minutes-57 seconds wesf 246_7g /100 feet to a 5/8 ca ed. • n south 29
corner, of said LAGO VIST.A'AT BONDS RANCH recorded in Cabu1et A SIide
PP rron set far the southwest .
northwest and beginning corner of the tract being described. I0089 and the
EXHIBMA
LEGAL DESCPJPT10N OF PROPERTY
TRACT IV:
Thence southeasterly, along the southwesterly line of said LA VISTA AT
recorded, in Cabinet A, Slide 10089, the following: BONDS RANCH,
south 60 de5ree0-21 minutes-0S seconds east. 770-00 /10D feet to a 5/g�capped I south I S degrees-34 minutes-53 seconds east 1001-37 /I00 feet to a 5/8" c pped iron set
for the most southerly southwest corner of said LAGO VISTA AT BONDS RANCID,
13-qId/1fl00 acres tract
recorded in Cabinet A, Slide 10089 of the said Plat Records and in the south line of said
1.
Thence northwesterly and soulhwesterly, along the south line of said I I3-016/I000 acre
the folio s tract,
north recovered* degres-05 minutes-3S seconds we6t230-27 /100 feet to a 5/8" capped v
ron
south 89 degrees-2I recovered for minutes-04 seconds west 334.971100 feet'to a S/8" c
recthe southwest comer of said 113-016/I 000 acres tract at the capped Iron
curve to the left having a radius of 930 feet; g�il?g of a
So
Thence northwesterly and naztheasterly, along the west line of said 1
folIciwing: 13 DI6/1000 acres tract, the
.. 1 •
oo 0
so
along said curve fo the left an arc le as
• 'recovered at its ettd, the long chord o d406.9311 /1 0 feet to a 5/8" capped iron
minutes-05 'seconds west•%402-86 /l 00 feet; 0 feet are is north 31• degrees•-28
No I so
north 44 degrees-2q •minutes-I2 seconds east '1 S-S$ J100 feet to a 5/8" capped iron
recovered;'so too So 0
north 45 degrees-30 rn�u{esm4,8 seconds west 50-00 /1 QO feet to a 5/8" capped
:recovered; .' .iron
south 44 degrees-29 minutes-12"seconds west 15.58 /100 feet to a S/8 ° capped
recovered at the beginning of a curve to the right having a radius of 770 feeiron
to
along said curve to the right,an are length of 697-03 /I00 feet to a S/a" ca ed iro
recovered at its end, the ,ions chord of said,697-03/100.feet arc is'nort�t.19 de n
ml utes-43. seconds west 673-48'/I00 feet; green-39
00 11 south 81 degrees-52mminutes,05 seconds% '
'recovered; :..;too east 15.88 A 00 feet to a 5/8"'capped iron
nor110
th 08 degrees-U7 rninuYes-SS seconds east 50=00 /I 00• feet to a 5/g �� r� e
recovered; ' pp d iron
north 81 degrees-52 minutes-O5 seconds west 15-88 /IOQ feet to a 5/8"
recovered at the beginning O f a curve to the right }laving a radius of 770 feet
iron
)
4
'i�"vtJ�.�
EXHIBIT A
LEGAL DESCRIP770N OF PROPERTY
TRAi
CT IV,
ad a
as
along said curve to the right an axa length and containing 18-533/1'000 acres, the g Chord of said 26¢ IS 00 feet the place of begunung
degrees-49 minutes-13 seconds east 262-86 /100 feet. arc is north 19
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EXHIBI'i'..A ._ ...
LEGAL DESCRIPTION OF PROPERTY
Past of the T. & P, R. R. CO. SURVEY; Abstract No. 1568 situated in the northwest
Tarrant County, Texas; embracing a portdon of the 113-016/1000 acres tract described the deed
to Scott Communities Developers Limited Partnership, recorded in, volume 17101, page 221 of
the Real Records of Tarrant County, Texas and described by metes and bounds as fpage 2:
Beginning at a'/a" iron found for 'the hortheest corner of said 113�016/1000 acres tract and the
northwest cozrler of the 1029485/1000 acres tract described in the deed to Chapel IiiI1 Venture,
LLLP. recorded in volume 14957, page 307 •of the said Real Records and in the south right -of.
way Of Bonds Ranch Road.
Thence south 00 degrees�22 nninates-12 seconds east, along the east Hine of said I13�016/I000
acres tact and the west line of said 1029-185/1000 acres tracI362-86 I100 feet to a 5/8" capped
t,
iron recovered for the southeast comer of pped
said I I3-0 ] 6/1000 acres tract,
Thence southwesterly and northwesterly, along the south line ofsaid 113-0
the following; 16/1000 acres tract,
moo .0
south 89 degrees-23 minutes=39 seconds west 171-85 /100 feet to a 518" ca ed I
::•recovered at the begirin;,,g o f a curve to the right having a radius of 488 feetiron
along said curve to the right an are length of79-86 /100 feet to a 5/8" capped recovered at its eud, the long chord of said 79-86/100 feet arc is south 0 degrees-OI
minute-07 seconds west.*77 /100 feet;
north 78 degree's-l7 lninutes-36 seconds west 56-00 A 00 feet to a 5/8" capped iron
reccsvered;. : .. .
south 89 degrees-23 minutes-39 seconds west 338-99 /100 feet to a 5/8" capped recovered; pp d iron
south 14-degrees-03 minutes-13 seconds east 86-64 /100 feet to a 5/8" capped iron
recovered, •
soutli'30 degrees-09 rninutes-50 seconds west 7649 /100 feet to a 5/8" c d
the east line of LAGO 'VISTA AT BONDS RANCH, an Addition to Tarrant Ciron county
et in
Texas according to the plat thereof recorded in
RecCabinet A. Slide 10089 of the Plat
ords of Tarrant County, Texas.
EXHIBIT iA
LEGAL DESCRIPTION OF PROPERTY
TP ACT Ve
Do Thence northwesterly, along the east line of said LAGO VISTA AT BONDS RANDS recorded
in said Cabinet A, Slide 10089 of the: said Plat Records, the following:
north 00 degrees-36 minute,.-108 seconds west 229.33 /100 feet to a 5/8" capped iron set
north 14 degrees-13 minutes-44 seconds'west 1'338-28 /I00 feet to a 518" capped iron set;
north 00 degreesoN36 minutes-18 seconds west 50-00 /100 feet to a 5/8" capped iron set for the
northeast corner of said LAGO VISTA AT BONDS RANCH, in the south right -of way ofsaid
Bonds Ranch Road and in the north Line of said 113-•016/1000 acres tract.
.Thence north 89 degrees-23 minutes-42 seconds east, along the north line of said 113-016/1000
acres tract and the south right-of-way of said Bonds RanchRoad; 915.93 /100 feet to the place of
• beginning and containing 24.51511000 acres.
go
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EXHIBIT q
••' LEGAL DESCRIPT70N OF PROPERTY
• 9 is • , '' ' • t••am I VS 64, old Ed 9 ' .. '
ri ' 'a� ,
'TIACT'.VI • .
... ...'� r.ad a 16 me
t ON t' i'• to 0'':f . .
map 0j0 am .,1 �'i I SO 1 at'
jso l' go a
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VS at- am
7'ME do .06
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5•� oNf Ga VI '••'•.
Tangy land �isated h ttra' 7.�1!<.PIs SO I _ t:l ' Co. S.ruviey� bad 1561 =`Ed NO
61 It `; :Ed, nay. Texas; andng'Part of tract cetlain cali�ld 788.29C '
IS 9SO 0 . . e d eggs oordr:d In VcdaEllna'1503D Page• act ftard :N: •
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INTERESTS OF OWNERSHIP
Rio Claro, Inc.
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1.39%
SPG-Wheatley, LLLP
13.88%
SP&Swaback, LLLP
1.85%
CSP4982 Trust, LLLP
4.63%
Charlesview, LLC
1.85%
CSP-KDL, LLLP
1.85%
CSMtratford I, LLLP
32.39%
TOTAL
100000%
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.. _ __ _ �`�yi4s • EXHIBIT F
City of Fort Worfh, Texas
Mayor and Council Communication
DATE: Tuesday, April 01, 2008
LOG NAME: 12BONDSRANCH
REFERENCE NO.: C-22722(Revised)
SUBJECT:
Authorization to Execute an Amendment to City Secretary Contract No. 27132 between the City of
Fort Worth and Scott Communities Developers Limited Partnership for Bonds Ranch to Add Various
Developers as Parties to the Contract and Additional Terms
RECOMMENDATION:
It is recommended that the City Council authorize the execution of an amendment to City Secretary
Contract No. 27132 between the City of Fort Worth and Scott Communities Developers Limited Partnership
for Bonds Ranch to add various developers as parties to the contract and additional terms.
DISCUSSION:
On October 15, 2001, the City and Scott Communities Developers Limited Partnership ("Scott") entered into
a developer's agreement (City Secretary Contract No. 27132, as approved by Mayor and Council
Communication C-18801) to develop approximately 656 acres of land as low density single family
residential at an average density of no more than three residential units per acre with limited neighborhood -
serving commercial uses per the terms of the agreement. In return, the City agreed to construct a 16-inch
water main approximately 7,200 feet in length along Bonds Ranch Road east from Boat Club Road. In
addition, the City agreed to connect this water main to an existing main that terminates approximately 1 '/
miles east of U.S. Business 287. The City also agreed to begin construction of the Phase II water main
connection upon acquisition of at least 100 water customers in this development, and after Scott constructs
required sewer improvements.
Scott's obligations under the agreement were binding on all subsequent purchasers of property that is
subject to the agreement and no transfer of ownership would be allowed without prior City approval.
After several meetings with City staff, Scott sold a portion of the property south of Bonds Ranch Road to
TriStar Land and Real Estate, LLC ("TriStar"), on February 27, 2008, and is under contract to sell the
remaining property north of bonds Ranch Road to different developers. Pursuant to discussions with City
staff, Scott and TriStar and the prospective buyers/developers will present executed copies of an amended
agreement for the City's consideration which will bind the buyer and the seller to the following additional
terms:
Any developer will be required to enter into Community Facilities Agreements upon the approval of all final
plats pertaining to its project;
Any developer, at its sole expense will make on -site street, drainage, water and sanitary sewer
improvements to the property;
Upon acceptance of the dedication of the improvements, the City will provide water and sanitary sewer
service at standard City rates;
Logname: 12BONDSRANCH Page 1 of 2
The property shall be developed in accordance with the City's ordinances, development and construction
standards;
Developers will be required to petition for annexation at the time of filing a preliminary plat or prior to the
connection to the City's water system, whichever comes first;
TriStar and the prospective buyers will re -submit a comprehensive water and wastewater master plan after
execution of the agreement;
At the request of the City, ten contiguous acres on the north property will be dedicated to the City for a
water department facility; and
All future purchasers/developers of the remaining portion of the property will be bound to the terms of
agreement.
The agreement will terminate 15 years after the effective date or upon annexation of all the property within
the project, whichever occurs first.
Execution of the amendment to the agreement will provide the continued land density limitations and
development requirements on the property.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that this action will have no material effect on City funds.
TO Fund/Account/Centers
FROM Fund/Account/Centers
Submitted for City Manager's Office by: Karen Montgomery (6222)
Originating Department Head: David Yett (7623)
Additional Information Contact: David Yett (7623)
L o gname : 12 B OND S RANCH
Page 2 of 2