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HomeMy WebLinkAboutContract 36802-CA1 ASSIGNMENT OF TAX ABATEMENT AGREEMENT This Assignment of Tax Abatement Agreement is made and entered into by and between Waterview Estates, L.P., Pars Investment, Inc., General Partner ("Assignor") and Impression Homes, L.L.C., ("Assignee") and the City of Fort Worth, {"City") RECITALS A. Waterview Estates, L.P., Pars Investment, Inc., General Partner and the City of Fort Worth, Texas (the"City") entered into that certain Tax Abatement Agreement ("Agreement") for Property Located 5512 Grenada Drive ; Lot 31; Block 3; Waterfront at Enchanted Bay; an Addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded and filed in Cabinet A; Slide No. 11723, Plat Records, Tarrant County, Texas ("Property") which is located in the Lake Arlington Neighborhood Empowerment Zone, such Agreement approved by the City Council of Fort Worth November 6, 2007, City Secretary Contract Number 36802 ("Agreement"): B. Section 5 of the Agreement permits Assignor to assign all of its rights under the Agreement to Assignee, without obtaining the prior consent of the City Council: C. Pursuant to that certain Special Warranty Deed dated as of February 8, 2013 recorded under Tarrant County Deed Records, Assignor conveyed the Property to Impression Homes, L.L.C. and Assignee acquired title to the real property, which is the subject of the Agreement. AGREEMENT NOW THEREFORE, in consideration of the mutual terms and conditions herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,the parties hereby agree as follows: I. Assignment. Assignor hereby ASSIGNS, TRANSFERS AND CONVEYS all rights, duties, obligations, title and interest under the Agreement to Assignee. 2. Acceptance. Assignee hereby accepts the Assignment granted herein, and assumes all of Assignor's rights, duties and obligations arising under the Agreement. 3. Effective Date. The effective date of this Assignment is February 8, 2013 ("Effective Date"). All rights, duties and obligations under the Agreement arising, accruing or relating to the period before the Effective Date are allocated to Assignor OFFICIAL RECORD CITY SECRETARY 1 FT. WORTH, TX and all rights, duties and obligations arising, accruing or relating to the period thereafter shall be allocated to Assignee. 4. Release and Surrender of Assignor. Except as otherwise expressly set forth in this Assignment, Assignor will be discharged from any and all further obligations under the Agreement as of the Effective Date. Assignor must surrender the Property to the Assignee on or before 11:59 p. m. on the date prior to the Effective Date in its present condition. Assignor relinquishes any right to any improvements, fixtures or equipment on the Property. 5. Representations. Assignor represents, warrants and covenants with Assignee that as of the Effective Date, that Assignor is not in default under any of its obligations contained in the Agreement. 6. City of Fort Worth's Consent. City of Fort Worth hereby consents to this Assignment upon the terms and conditions set forth herein. Unless and until City of Fort Worth has executed this Assignment, this Assignment is of no effect. The consent granted herein should not be construed as consent to any further assignment except as provided in the Agreement. The failure or delay of City of Fort Worth in seeking to enforce any provisions of the Agreement or this Assignment should not be deemed a waiver of rights or remedies that City of Fort Worth may have, or a waiver of any subsequent breach of the terms and provisions therein or herein contained. 7. Notices. Any notice given by any party to another party hereto must be given in the manner required under the Agreement. The addresses set forth below supercede any addresses for notices set forth in the Agreement. CITY OF FORT WORTH: City of Fort Worth Housing and Economic Development Department(NEZ) 1000 Throckmorton Fort Worth, Texas 76102 ASSIGNEE: Waterview Estates, L.P. Pars Investment, Inc., General Partner 3901 Airport Freeway, Suite 200 Bedford, TX 76021 ASSIGNOR: Impression Homes, L.L.C. P.O. Box 1838 Keller, Texas 76244 2 S. Successors. Except as herein otherwise provided, this Assignment will be binding upon and inure to the benefit of the parties, and their respective heirs, executors, administrators, successors and assigns. 9. Counterparts. This Assignment may be executed in multiple counterparts, each of which, once executed, will be an original and fully-binding on the parties so executing; and all such counterparts together constitute one and the same agreement. 10. Binding Offer, This Assignment will be not be binding until executed and delivered by all three parties. IN WITNESS WHEREOF, the parties have executed this Assignment as of the date first above written. ASSIGNOR: Waterview Estates, L.P., Pars Investment, Inc., General Partner Name: Mehrdad Mo&tCdi Title: President ASSIGNEE: pre i Homes, L.L.C. Name: Bruce Heikkinen Title: Managing Member 3 —---------------------S. ag=ago Except as herein otherwise provided, this Assignment will be binding upon and inure to the benefit of the parties, and their respective heirs, executors, administrators,successors and assigns. 9, QgUn=arts This Assignment may be executed in multiple counterparts, each of which, once executed, will be an original and fully-binding on the parties so executing; and all such counterparts together constitute one and the same agreement 10. Bin&g -0jr or This Assignment will be not be binding until executed and delivered by all three parties. IN WITNESS WHEREOF, the parties have executed this Assignment as of the date first above written. ASSIGNOR.Watervie-Estates,L-P.,Pats Investment,Inc.,{general Partner P Name: Mehrdad MuycA Title: President L_s Hom ASSIGNEE: e , !--c—. ' - �T, - - N c; 3 CITY OF FORT WORTH Fernando Costa Assistant City Manager00 ����� ATTEST: Mary Kays City Secretary 's APPROVED AS TO FORM AND LEGALITY: _ 1 n Melinda Ramos Sr. Assistant City Attorney M &C: C-22514 OFFICIAL RECORD FT. woffffl,TX STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Fernando Costa, Assistant City Manager of the CITY OF FORT WORTH, a municipal corporation, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the said CITY OF FORT WORTH, TEXAS, a municipal corporation, that he was duly authorized to perform the same by appropriate Mayor and Council Communication of the City Council of the City of Fort Worth and that he executed the same as the act of the said City for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this ,, w day of 14/ 2013. tary Public in and for =*. .... .4, the State of Texas p" e 6' PO 10�ZkpfA'�Zs 5 STATE OF TEXAS § COUNTY OF 7�� ' § AAA BEFORE ME, the undersigned authority, on this day personally appeared Mehrdad Moayedi of Waterview Estates,L.P.,a Texas Limited Partnership,Pars Investments,Inc., General Partner,known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed,in the capacity therein stated and as the act and deed of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investment, Inc., General Partner. I UNDER MY VIAND .AND SEAL OF OFFICE this �� day of 2013. ' to,a,;,•�B.c LAURA L WAYLAND Public in and for My Commission Expires the State of Texas July 14.2016 _ 2 'r4rr uF is+� - y STATE Or TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Bruce Heikkineu, Managing Member of Impression Homes, L.L.C. known to W to be the person whose name is subscribed to the foregoing instrument, and wledged to me that he executed the same for the purposes and considerati erein expressed, in the capacity therein stated. QIVEN UNDER MY AND SEAL OF OFFICE this day of Notary Pu 'o' for p -- sass the State etas •.�a.b�s' N staeaottexes 7 �e Notary Pub1iE9sSon Expires My Cvrnm Febiu"Vr l5,21114 6 STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Mehrdad Moayedi of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investments, Inc., General Partner, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated and as the act and deed of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investment, Inc., General Partner, GIVEN UNDER MY HAND AND SEAL OF OFF this day of , 2013. Notary Public in and for the State of Texas STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Bruce Heikkinen, Managing Member of Impression Homes, L.L.C. known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of 52013. Notary Pu lie in a for the State of Texas pµy'F:%' ��- JACKso 14 �- I�lotary Pubiic,State of 10xas / " y Comrr�isSion Expires `y 14, 2016 6 svtcxti. ..cvlcw Page i. of 3 Official site of the City of Fort worth,Texas Ci`TY COUNCIL AGENDA FoRTWoRitE COUNCIL ACTION: Approved As Amended on 11/6/2007 DATE: 11/6/2007 REFERENCE C-22514 LOG NAME: 05ENCHANTEDBAY NO.. NON- PUBLIC C®D1Ee. C TYPE' CONSENT HEARING: NO SUBJECT: Authorize Execution of a Five Year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, Located in the Lake Arlington Neighborhood Empowerment Zone RECOMMENDATION: It is recommended that the City Council: 1. Authorize the City Manager to enter into a five year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, located in the Lake Arlington Neighborhood Empowerment Zone; and 2. Find that the statements set forth in the recitals of the attached Tax Abatement Agreement with Waterview Estates, L.P., and Woodhaven Homes, L.P., are true and correct. DISCUSSION: Waterview Estates, L.P., and Woodhaven Homes, L.P., are the owners/developers of the 118 properties listed in Exhibit "A". This real property is located in the Lake Arlington NEZ and Neighborhood Empowerment Reinvestment Zone (NERZ No. 16). Waterview Estates, L.P. and Woodhaven Homes, L.P. have applied for a five-year municipal property tax abatement under the NEZ Tax Abatement Policy and Basic Incentives (M&C G-14947), as amended. The NEZ Program offers a five-year municipal property tax abatement on the increased value of improvements to the qualified owner of any new construction within a NEZ. The Housing Department has reviewed the application and certified that the property meets the eligibility criteria to receive NEZ municipal property tax abatement. Waterview Estates, L.P., and Woodhaven Homes, L.P., will invest a minimum of$15,200,000.00 to construct 118 single-family homes in the Lake Arlington NEZ. In order for Woodhaven Homes, L.P., or any other developer or builder approved by the City Manager or his designee to qualify for the tax abatement, they must construct homes with a minimum of 1200 square feet of living space with at least three bedrooms, one and one-half baths and 70% mortared brick which will appraise for a minimum of$100,000.00. A more detailed description of the homes to be constructed and sample drawings are attached as Exhibit "B". The Agreement is attached as Exhibit "C". http://apps.cfvvnet.org/council_packet/mc review.asp?ID=8145&councildate=ll/6/2007 05/19/2009 Wlmc _ DIUVICW Page 2 of 3 Upon execution of the tax abatement agreement, the total assessed value of each home used for calculating municipal property tax will be frozen for a five-year period, starting on the date the home is sold to a homebuyer to be used as a primary residence, at the pre-improvement value as defined by the Tarrant Appraisal District (TAD) on January 1, 2007, as follows: Pre-improvement TAD Value of Improvements $ 0.00 Pre-improvement Estimated Value of Land $2,025.00 Total Pre-improvement Estimated Value $ 2025.00 The municipal property tax on the improved value is estimated at $550.00 per house, per year, for a total of $2,750.00 over the five-year period for each house. However, this estimate may be different from the actual tax abatement value, which will be calculated based on the TAD appraised value of the property. The tax abatement agreement provides that the agreement may be assigned without subsequent City Council approval to Woodhaven Homes, L.P., or another builder approved by the City Manager or his designee or the developer's first mortgage, or to a homebuyer who will use the required improvements as his/her primary residence, or to the homeowner's mortgagee. All other assignments must be approved by City Council. The agreement also provides that the failure of the owner to send the City notification of the sale of the required improvements and the executed assignment of the agreement with the new owner within 30 days of the transfer of ownership of the required improvements shall result in the automatic termination of the Agreement. This property is located in COUNCIL DISTRICT 5. FISCAL INFORMATIONfCERTIFICATION: The Finance Director certifies that this action will have no material effect on City funds. TO Fund/AccounVCenters FROM Fund/AccountlCen er Submitted for City Manager's Office by: Dale Fisseler (6140) Originating Department Head: Jerome Walker (7537) Additional Information Contact: Sarah Odle (7316) ATTACHMENTS Continued Exhibit B for M&C. df Exhibit A for M&C.xls Exhibit B for M&C.doc http://apps.cfwnet.org/council_packet/mc review.asp?1D=$145&councildate—ll/6/2007 05/19/2009 �vioc� ncvlcw Page 3 of 3 Final TA Agreement for M&C.doc Location Maly for M&C.pdf http://apps.cfwnet.org/council_packet/mc review.asp?ID=8145&councildate=ll/6/2007 05/19/2009 WATERFRONT AT ENCHANTED BAY PHASE IA David Strickland Survey, Abstract Nb. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A, Slide No.11723, Plat Records, Tarrant Co.,Texas on 02/23/07 fjEZ Cyr#. P ' . 'Ojoek Lot S&eat Address subdivision Abatemanta LA-C-0001-001 1 1 56411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-002 1 2 56371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-003 1 4 5629 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-004 1 6 5621 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-005 1 1 7 15617 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-006 1 9 56091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-007 1 10 56051 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-008 1 11 5601 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-009 1 12 5549 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-010 1 13 5545 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-011 1 14 5541 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-012 1 15 155371Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-013 1 16 55331 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-014 1 17 5529 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-015 1 18 1 55251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-016 1 21 5513 Grenada Drive I Waterfront At Enchanted Bay Tax Abatement LA-C-0001-017 1 22 5509 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-018 1 26 5441 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-019 1 27 5437 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-020 1 28 54291 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-021 1 29 5425 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-022 1 30 5421 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-023 1 31 5417 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-024 1 33 5409 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-025 1 35 .54011 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-026 1 J 37 53651 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-027 2 1 56401 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-028 2 2 5636 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-029 2 3 56281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-030 2 4 58081 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-031 2 1 5 5804 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-032 2 1 6 58001 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-000 1-033 2 1 7 58011 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-034 2 8 58051 Grenada Court Waterfront At Enchanted-Bay Tax Abatement LA-C-0001-035 2 9 5809 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-036 2 10 5813 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-037 2 11 5620 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-038 2 12 5616 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-039 2 13 66121 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-040 2 14 5608 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-041 2 15 5604 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-042 2 16 5600 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-043 2 17 5572 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-044 2 18 55681 Thunder Bay ❑r. Waterfront At Enchanted Bay Tax Abatement Page 1 of 3 WATERFRONT AT ENCHANTED BAY PHASE IA David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A, Slide No.11723, Plat Records,Tarrant Co., Texas on 02/23/07 B1oek Loi -- . ..__ . .,...- C �Street �lciclr�ss .t -Subdivision.- -- Abaten�er�fs LA-C-0001-045 2 19 5564 Thunder Ba Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-046 2 20 5560 Thunder Bay Dr. Waterfront At Enchanted Ba Tax.Abatement LA-C-0001-047 2 21 5556 Thunder Ba Dr. Waterfront At Enchanted Ba Tax Abatement LA-C-0001-048 2 22 5552 Thunder Ba Dr. Waterfront At Enchanted Bay Tax Abatement' LA-C-0001-049 2 23 5548 Thunder Bay Dr. Waterfront At Enchanted Ba Tax Abatement LA-C-0001-050 2 24 5544 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-051 2 25 5540 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-052 2 26 5536 Thunder Bay Dr. iWaterfront At Enchanted Bay Tax Abatement LA-C-0001-053 2 27 5532 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-054 2 28 5528 Thunder Say Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-055 2 29 5524 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-056 2 30 5516 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-057 3 1 5621 Thunder Bay Dr. Waterfront At Enchanted Say Tax Abatement LA-C-0001-058 3 2 5617 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement. LA-C-0001-059 3 3 5613 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-060 3 4 56091 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-061 3 5 6601 Thunder Bay Dr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-062 3 6 55611 Thunder'Bay Dr. Waterfront At Enchanted Ba Tax Abatement LA-C-0001-�063 3 7 5553 Thunder Ba Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-064 3 8 55491 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-065 3 9 55451 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-066 3 10 55411 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-067 3 11 56371 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-068 3 12 5533 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-069 3 13 5529 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-070 3 14 5525 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-071 3 15 5521 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-072 3 16 5517 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-073 3 17 5513 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-074 3 18 .55091 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-075 3 19 55051 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-076 3 20' 56011 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-077 3 21 54241 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-078 3 22 54281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-079 3 1 23 54321 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-080 3 1 24 54361 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-081 3 1 25 5440 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-082 3 26 5444 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-083 3 27 5448 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-084 3 28 5500 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-085 3 1 29 ,6504 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-086 3 30 5508 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-087 3 31 5512 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-088 3 32 5516 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-089 3 33 5520 Grenada Drive Waterfront At Enchanted Ba Tax Abatement LA-C-0001-090 3 34 5524 Grenada Drive Waterfront At Enchanted Bay Tax Abatement Page 2 of 3 WATERFRONT AT ENCHANTED BAY PHASE IA David Strickland Survey, Abstract No. 1376 City of Fort Worth,Tarrant County, Texas Filed in Cabinet A, Slide No.11723,. Plat Records,Tarrant Co., Texas on 02/23/07 1NE7 Gert.-# Bfock Lot' - Street--Addiress Su ti+islon Asa#errients LA-C-0001-091 3 3515528 Grenada Drive Waterfront At Enchanted Say Tax Abatement LA-C-0001-092 3 36 5532 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-093 4 32 5748 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-094 4 33 5752 Maui Drive Waterfront At Enchanted Ba Tax Abatement LA-C-0001-095 5 9 5749 Maui Drive Waterfront At Enchanted BayTax Abatement LA-C-0001-096 5 10 5753 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-097 5 11 5801 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-098 5 11 12 5805 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-099 5 13 5809 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-100 5 14 5813 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-101 5 15 5817 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-102 5 16 5821 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-103 5 17 54281 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-0-0001-104 5 18 5424 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-105 5 19 5420 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-106 5 20 5416 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-107 5 21 5412 Saba Drive Waterfront At Enchanted say Tax Abatement LA-C-0001-108 5 1 22 5408 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-109 5 23 5404 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-110 5 24 5400 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-111 6 12 5361 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-112 6 13 53651 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-113 6 14 53691 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-114 6 T15 53731 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-115 6 16 53681 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-116 6 17 53641 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-117 6 18 5360 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-000 1-118 6 19 5356 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001 1 36 5361. Grenada Drive Waterfront At Enchanted Bay No Abatement LA-C-0001 1 39 5357 Grenada.D6e'. Waterfront At'Enchanted Bay Na-Abatement LA-C-0001 36 63691 Grenada Drive Waterfront At Enchanted Bay No Ab+atipment L A-C-0001 1 34 54051 Grenada Drive Waterfront At Enchanted Ba No.Abatement LAIC-000-1 1 .32 5413 Grenada Drive Waterfront-At Enchanted Say No-Abatement LA-C-0001 T '23 5505 Gren-ada Drive Waterfront-At.Enchanted Bay NO' Ab ate me' t LA-C-0401 1 24 5501 Grenada Dr[v8 . Waterfront AL Enchanted Bay No Abatement LA-C-0001 1 25 54451 Grenada Drive Waterfront At Enchanted Ra Na Abatement LA-C-QUO1 1 19 56211 Grenada Drive Waterfront At Enchanted Ba` No Abatement LA-c-0001 1 20 5617 Grenada Drive Waterfront At Enchanted Bay No Abatement LA-C-0001 1 8 5613 Grenada Drive Waterfront At Enchanted Ba No Abatement LA-C-0001 1 5 6625 Grenada Drive Waterfroht:At Enchanted Bay Nth Abatement LA7C-0001 1 3 :5633 Grenada Drive -Waterfrortit;,4t Enchanter 'Ba No Abatement Page 3 of 3