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HomeMy WebLinkAboutContract 36804-CA1 CUY SECULYARY 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 5517 Thunder Bay Drive ; Lot 16; 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 36804 ("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: 1. Ass_ si nng Zent. 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 8. SuccMWM 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 execuWd in multiple counterparts,each of which, once executed, will be an original and fully-binding on the parties so executing; and ail such counterparts together constitute one and the same agreement. 10. RMjpg ¢e'er. This Assignment will be not be binding until executed and delivered by all three parties. IN WITNESS WHEREOF, the parties have executed this Assigxunent as of the date fast above written. ASSIGNOR:waterview es,L.P. Pais Investment,Inc.,General Partner Name: M_ _,ehrdad Iu Medi Title: President`. ASSIG . :Imp ssia L.L.C. -Nai6race ,l inen Title:_Iaa&g Member 3 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 a edi Title: Presi ASSIGNF : Impssior/m zxaes, L.L.C. N . ruce eikkinen Title: Managing Member 3 CITY OF FORT WORTH Fernando Costa Assistant City Manager ATTEST: ° a Mary Kays °soo4Q°° � City SecretaryA �� APPROVED AS TO FORM AND LEGALITY: ftlAbIJA 21JRAW Melinda Ramos Sr. Assistant City Attorney M & C: C-22514 OFFICIAL RECORD CITY SECRETARY Ff. WORTH9 TX 4 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 day of 2013. tublic in and for the State of Texas .�4�°,-IV ��yQ��a DANIELS �. MY COMMISSION EXPIRES jn,evi3 -___��R 5 STATIC OF TEXAS § COUNTY OF ftffdV2qT § BEFORE ME, the undersigned authority, on this day personally appeared Mehrdad Mosyedi of Waterview Estates,L.P.,a Texas Limited Partnership,Pars Investments,Inc., General Partner,Down to me to be the person whose name is subscribed to the foregoing Wstnuuent, and acknowledged to me that he executed the sane for the purposes and consideration therein expressed,in the capacity therein stated and as the act and did of Waterview Estates, LP., a Texas Limited Partnership, Pars Investment, Inc., General Partner. --VIVF,N UNDER MY HAND AND SEAL OF OFFICE this;� 2013. MY Commission Expires Notary Public in and for 3uiy 14,2016 the State of Texas '' LI 5-Y STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Bruce Heikkiinen, 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 SF OF OFFICE this day of NIKKI JACKSON i f P 1Z r DI Notary Public in an f �;V orary�U rn; ian xpirt) 5 #.` �,hyCermcrs.&sion ExpirN� v+r i c the State of Teas �w.,,,;� February 14,7.t116 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 S . OF OFFICE 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 r."gar rii�i C -- NlIClCI J..G;KSON Notary Public in an for _` Notrv3�r f.. z,;t cif Tt:xas �.�,� F.1y C;�irir.saiot� f�xpir�9s the State of Texas %,;;,;,; rebruary 16, 2016 6 ;VUX%_ xIIvvicW Pagel of 3 f, Off3clal site of the City of Fort Worth,Texas CITY COUNaL AGENDA FORT Won COUNCIL ACTION: Approved As Amended) on 11/6/2007 DATE: 11/6/2007 REFERENCE C-22514. LOG NAME: 06ENCHANTEDBAY NO.: CODE: C TYPE: NON- PUBLIC NO CONSENT HEARING: 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.cfwnet.org/council_packetimc review.asp?ID=8145&councildate=11/6/2007 05/19/2009 ,LVIM%. OcvMw Page 2 of €Jpon 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 JZM5.00 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 clays 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 INFORMATIONICERTIFICATION: The Finance Director certifies that this action will have no material effect on City funds. TO Fundl ccountlCenters FROM Fund/Account/Centers Submitted for Gfty Mana er'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._pdf Exhibit A for M&C.As Exhibit B for M&C.doc http://apps.cfwnet.org/council_packet/mc_review.asp?1D=8145&councildate=l 1/6/2007 05/19/2009 ivi«,�, ncvicw ?age 3 of 3 F inal TA A rgement for M&C.doc Location Map for M&C.pdf http://apps.cfwnet.org/council_packet/mc review.asp?ID=8145&councildate=l116/2007 05/19/2009 WATERFRONT AT ENCHANTED BAY PHASE 1A David Strickland Survey, Abstract No. 1376 City of Fort Worth,Tarrant County, Texas Filed in Cabinet A, Slide No.11723, flat Records, Tarrant Co., Texas on 02/23/07 NEZ CeT#. 9 Block Lot Street Address SubdiAsIbn - Abiitamenks LA-C-0001-001 1 1 5641 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-002 1 2 5637 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 7 5617 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-006 1 9 5609 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-007 1 10 5605 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-0401-010 1 13 65451 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 5537 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-013 1 16 5533 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 55251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-016 1 21 55131 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-017 1 22 55091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-018 1 26 54411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-019 1 27 54371 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 54251 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-022 1 J 30 64211 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-023 1 31 54171 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-024 1 33 54091 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 37 53651 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-027 2 1 66401 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 5628 Grenada Drive Waterfront At Enchanted Say Tax Abatement LA-C-0001-030 2 4 5808 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-031 2 5 5804 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-032 2 6 58001 Grenada Court Waterfront At Enchanted Bay Tax Abatement LA-C-0001-033 2 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 58131 Grenada Count 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 5612 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 56041 Thunder Say Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-042 2 16 56001 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-043 2 17 55721 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-044 2 18 55681 Thunder Bay Dr. lWaterfront At Enchanted Bay ITax Abatement Page 1 of 3 WATERFRONT AT ENCHANTED BAY PHASE 1A 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 ;Block Lot Stibet Add re,�s' :subdfxlslori; Abatements LA-C-0001-045 2 19 155641 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-046 2 20 15560 Thunder Bay Dr. Waterfront At Enchanted Bay Tax-Abatement LA-C-0001-047 2 21 5556 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-048 2 22 5552 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-049 2 23 5548 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-050 2 24 55441 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-051 2 25 55401 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 Bay 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 Say Tax Abatement LA-C-0001-057 3 1 156211 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-058 3 2 156171 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement. LA-C-0001-059 3 3 56131 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 5601 Thunder BayDr, Waterfront At Enchanted Bay Tax Abatement LA-C-0001-062 3 6 55611 Thunder'Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-063 3 7 5553 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-064 3 8 5549 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-065 3 9 5545 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 55371 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 Say 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 55131 Thunder Say Dr. Waterfront At Enchanted Say Tax Abatement LA-C-0001-074 3 18 5509 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-075 3 19 5505 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-076 3 20' 5501 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-077 3 21 5424 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 23 54321 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-080 3 24 5436 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-081 3 25 5440 Grenada Drive Waterfront At Enchanted Ba 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 55001 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-085 3 29 55041 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-086 3 30 55081 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-087 3 31 55121 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-088 3 32 5516 Grenada Drive Waterfront At Enchanted Say Tax Abatement LA-C-0001-089 3 33 5520 Grenada Drive Waterfront At Enchanted BayTax Abatement LA-C-0001-090 3 34 5524 Grenada Drive Waterfront At Enchanted Bay ITax 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, Siide No.11723, Plat Records,Tarrant Co., Texas on 02/23/07 NEZ.Q6rt.`0- y- -Buck] 6 - . SVb6f''Addrees . sjjbd#tirlsion , ' . 'Abatements LA-C-0001-091 3 35 5528 Grenada Drive Waterfront At Enchanted Ba y Tax Abatement LA-C-0001-092 3 36 5532 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-093 4 f 32 5748 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-094 4 33 5752 Maui Drive Waterfront At Enchanted Bay_Tax Abatement LA-C-0001-095 5 9 i5749 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-096 5 10 57531 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-097 5 1 11 58011 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-098 5. 12 58051 Maui Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-099 5 13 58091 Maui Drive. Waterfront At Enchanted Bay Tax Abatement LA-C-0001-100 5 14 58131 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 5428 Saba Drive Waterfront At Enchanted Hay Tax Abatement LA-C-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 54161 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-107 5 21 5412 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-108 5 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-000 1-110 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 5369 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-114 6 15 5373 Saba Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-115 6 16 5368 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-116 6 17 5364 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001-117 6 18 53601 Grenada Drive Water-front At Enchanted Bay Tax Abatement LA-C-0001-118 6 19 63561 Grenada Drive Waterfront At Enchanted Bay Tax Abatement LA-C-0001 1 38 53511 Grenada Drive Waterfront At Enchanted Say No Abaternent l.A -p001 1 39 53671 Grenada Drive .Waterfront'At Enchanted Bay No-Abatement LA-C-0001 1 36 53691 Grenada [hive WatarfrQnL At Enchanted Bay No Abatement LA7E-0001 1 1 54 5405 Grenada Drive Waterfront At Enchanted Bay. No.Abatement LA�C-0001 1 32 5413 Grenada Drive Waterfront At Enchanted Ba No A bate rnent LA-C-0001 1 23 5505 GrenadA Dive Waterfront: At Enchanted Bay No Abatement LA-C-0001 1 24 5501 Grenada Drive Waterfrbnt At Enchanted Bay No Abatement LA- -000.1 25 5445 Grenada Drive Waterfront At Enchanted Ba No ,abatement LA-C-0001ti 1 19 5521 GrenadaWaterfront At Enchanted �Ba No Abatement L-t-00011 20 5517 Grenada Drive 'Waterfront At Enchanted`B3 Nb Abateiment LA-C-0001 1 8 5613 Grenada Drive Waterfront At Enchanted Bay No Abatement. LA-C-0001 1 5 5625 'Grenada brine AW6ter f oht At Enchanted Bay No,Abaternent LA-C=0001 j 1 3 5633'1 Grenada Dove- _Waterfr-orit At Enchanted Bay, N --Abatement Page 3 of 3