HomeMy WebLinkAboutContract 46383 (2)Cr-_ ?
FTCW-ranai.
varrraa
COMPLETION AGREEMENT
This Completion Agreement ("Agreement"), is made and entered
into by and between the City of Fort Worth, ("City") and First Texas
Homes, Inc., authorized to do business in Texas, ("Developer")
effective as of the last date executed by a Party hereto. The City and
the Developer may collectively be called the "Parties".
WITNESSETH:
WHEREAS, the Developer owns that certain tract of real property
that contains approximately 20.752 acres of land located in the
City, the legal description of which tract of real property is marked
Exhibit "A" — Legal Description, attached hereto and incorporated
herein for all purposes, ("Property"); and
WHEREAS, the Developer intends to develop the Property as an
addition to the City through plat FP 014-041 as approved by the City on
or before the date of this Agreement ("Plat"); and
WHEREAS, the Developer and the City have entered into a
Community Facilities Agreement (CFA # 2014-078; M&C )
relating to the development, Presidio West, Phase V, for Paving,
Drainage, Water, Sewer and Lighting Improvements ("Improvements");
and
WHEREAS, the City has required certain assurances that the
Developer will cause to be constructed to City standards the
Improvements pursuant to the Community Facilities Agreement; and
WHEREAS, the Parties desire to set forth the terms and
conditions of such accommodations as are described above.
NOW, THEREFORE, for and in consideration of the mutual
covenants and agreements hereinafter set forth, it is hereby agreed by
and between City and Developer as follows:
OFFICIAL RECORDI
CITY SECRETARY
FT. WORTH, TX ,
3
1. Recitals. The foregoing recitals are true, correct and complete
and constitute the basis for this Agreement and they are
incorporated into this Agreement for all purposes.
2. The Completion Amount The City and the Developer agree that
the Hard Costs (as shown on Exhibit "B") required to complete
the Community Facilities in the aggregate should not exceed the
sum of ($1,126,695.43),hereinafter called the "Completion
Amount". Notwithstanding the foregoing, it is acknowledged that
the actual costs of completion of the Community Facilities may
vary as a result of change orders agreed to by the Parties, but
such variances for the purposes of this Agreement shall not affect
the Completion Amount as used herein City hereby waives the
requirement for developer to deposit a financial guarantee of
100% of the Hard Costs under the CFA Policy.
3. Completion by the Developer. The Developer agrees to complete
the Community Facilities and pay all Hard Costs in accordance
with City standards, the CFA, the Plat, and the Plans as approved
by the City. For the purposes of this Agreement, the development
of the Property shall be deemed complete upon acceptance by the
City of the Community Facilities pursuant to Section 6, hereof.
4. Satisfaction of the City Requirements. The City agrees that the
assurances and covenants contained in this Agreement satisfy all
requirements of the City with respect to Developer's Financial
Guarantee, as described in the CFA Policy, or other requirements
for security in connection with the development of the Property
and the completion of the Community Facilities that are
contained in the CFA or in any other agreement relating thereto,
and the City hereby accepts the assurances and covenants
contained herein in lieu thereof. To the extent the CFA
irreconcilably conflicts with this Agreement, the provisions of
this Agreement shall control.
5. Termination This Agreement shall terminate upon the earlier to
occur of the following: (a) acceptance by the City of the
Community Facilities; or (b) mutual written agreement of the
P arties.
6. Final Plat. The Parties acknowledge and agree that the City shall
hold the final plat of the Property until the Community Facilities
are completed and accepted by the City and all Hard Costs
contractors have been paid, less retainage. Upon acceptance by
the City and receipt of evidence from the Developer showing that
all Hard Costs contractors have been paid, including but not
necessarily limited to lien waivers and bills paid affidavits, the
City shall within a reasonable time file the final plat for the
P roperty in the Plat Records of the county where the Property is
located. The purpose of the City retaining the final plat of the
P roperty as provided herein is to guarantee the Developer's
obligations under the CFA are completed.
7. Construction Contracts. Developer agrees to include in each
Construction contract that it enters into for the completion of the
Community Facilities the following•
A. A statement that the City is not holding any security to
guarantee any payment for work performed on the Community
Facilities;
B. A statement that the Property is private property and that same
may be subject to mechanic's and materialman's liens;
C. A requirement that each contractor contracting with the
Developer release the City from any claim that is related to
the Property; and
D. A requirement that each contractor contracting with the
Developer include in each subcontract the statements
contained in (a), (b) and (c) above.
8. Miscellaneous.
A. Non -Assignment of Agreement This Agreement may not be
assigned by any of the Parties without the prior written
consent of all the other Parties.
B. Notice. Any notice required or permitted to be delivered
under this Agreement shall be deemed received on actual
receipt by the appropriate party at the following addresses:
(i) Notice to the City shall be addressed and delivered as
follows:
and/or
City of Fort Worth
Planning & Development Department
1000 Throckmorton Street
Fort Worth, Texas 76102
Attention• CFA Division
David Schroeder, Development Manager
Email: David.Schroeder(Zifortworthgov.org
Confirmation Number: 817-392-2239
Attention• CFA Division
Jana Knight, Administrative Assistant
Email: Jana Knight(a fortworthgov.org
Confirmation Number: 817-392-2025
With a copy thereof addressed and delivered as follows:
City of Fort Worth
1000 Throckmorton Street
Fort Worth, Texas 76102
Attention• Douglas W. Black
Assistant City Attorney
Telecopy Number: 817-392-8359
Confirmation Number: 817-392-7600
(ii) Notice to the Developer shall be addressed and
delivered as follows:
First Texas Homes, Inc
Attention: Keith Hardesty
500 Crescent Court, Suite 350
Dallas, Texas 75201
A party may change its address for notice upon prior written
notice to the other parties pursuant to the terms hereof.
C. Texas Law to Apply. This Agreement shall be construed under
and in accordance with the laws of the State of Texas.
D. Parties Bound This Agreement shall be binding upon and
inure to the benefit of the Parties and their respective legal
representatives, successors and assigns.
E Legal Construction. In case any one or more of the provisions
contained in this Agreement shall for any reason is held to be
invalid, illegal, or unenforceable in any respect, such
invalidity, illegality, or unenforceability shall not affect any
other provision of this Agreement, and this Agreement shall be
construed as if such invalid, illegal, or unenforceable
provision had never been contained in this Agreement
F. Prior Agreements Superseded. This Agreement constitutes the
sole and only agreement of the Parties with respect to the
subject matter hereof and supersedes any prior understandings
or written or oral agreements among the Parties concerning the
subject matter hereof.
G. Amendment This Agreement may only be amended by a
written instrument executed by all of the Parties to this
Agreement
H. Headings. The headings that are used in this Agreement are
used for reference and convenience purposes only and do not
constitute substantive matters to be considered in construing
the terms and provisions of this Agreement.
Executed IN QUADRUPLET by the Parties hereto:
DEVELOPER:
Name Flc,‘Jcsiti
Title • fircord.----
Date: it/ 1,iry
APPR • VED AS TO FORM:
Douglas W. Black
Assistant City Attorney
AT r .
MaryJ. K`. y - L)
City Secret - ry
M & C : ithr
Date:
CITY OF FORT WORTH:
•
7-1-&frkinsnaio C•011--•
Fernando Costa
Assistant City Manager
Date: _//29/i5
OFFICIAL RECORD
\ CITY SECRETARY
p7; WORTH, TX
EXHIBIT A -
EXHIBIT B -
LIST OF EXHIBITS
LEGAL DESCRIPTION
APPROVED BUDGET
EXHIBIT A
LEGAL DESCRIPTION
TRACT 1
EXHIBIT A
LEGAL DESCRIPTION
BEING A 13.144 ACRE TRACT OF LAND SITUATED IN THE JOSIAH WALKER
SURVEY, ABSTRACT NO 1600, CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS, AND BEING A PORTION OF A TRACT OF LAND CONVEYED TO FIRST
TEXAS HOMES, INC., AS RECORDED IN COUNTY CLERK'S FILE NO.
D210260522, OFFICIAL PUBLIC RECORDS TARRANT COUNTY, TEXAS SAID
13.144 ACRE TRACT WITH REFERENCE BEARING BEING THE RECORDED
PLAT OF THE PRESIDIO WEST ADDITION, AN ADDITION TO THE CITY OF
FORT WORTH, AS RECORDED IN CABINET A SLIDE 11771, PLAT RECORDS,
TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED
BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
`JACOBS' SET FOR THE NORTHEAST CORNER OF LOT 10, BLOCK 7 OF
PRESIDIO WEST, PHASE III, AN ADDITION TO THE CITY OF FORT WORTH, AS
RECORDED IN COUNTY CLERK S FILE NO. D213318441, PLAT RECORDS,
TARRANT COUNTY, TEXAS SAID POINT BEING ON THE SOUTH LINE OF A
TRACT OF LAND CONVEYED TO EDWARD McDONALD, ET AL, AS
RECORDED IN VOLUME 10865, PAGE 1679, DEED RECORDS, TARRANT
COUNTY, TEXAS;
THENCE, SOUTH 88 DEGREES 36 MINUTES 54 SECONDS EAST, ALONG THE
NORTH LINE OF SAID FIRST TEXAS HOMES, INC. TRACT, THE SOUTH LINE
OF SAID McDONALD TRACT AND THE SOUTH LINE OF A TRACT OF LAND
CONVEYED TO USA CORPORATE PROPERTIES, L L C , AS RECORDED IN
VOLUME 15953, PAGE 344, DEED RECORDS, TARRANT COUNTY, TEXAS, A
DISTANCE OF 535.52 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC
CAP STAMPED "JACOBS" SET FOR CORNER,
THENCE, OVER AND ACROSS SAID FIRST TEXAS HOMES, INC. TRACT, THE
FOLLOWING COURSES AND DISTANCES
SOUTH 01 DEGREES 23 MINUTES 06 SECONDS WEST, A DISTANCE OF
110 00 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
' JACOBS" SET FOR CORNER;
SOUTH 43 DEGREES 36 MINUTES 54 SECONDS EAST, A DISTANCE OF
7 07 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER
SOUTH 01 DEGREES 23 MINUTES 06 SECONDS WEST, A DISTANCE OF
60.00 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
Page 1 of 9
SOUTH 46 DEGREES 23 MINUTES 06 SECONDS WEST, A DISTANCE OF
7 07 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER
SOUTH 01 DEGREES 23 MINUTES 06 SECONDS WEST, A DISTANCE OF
54.36 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER AND THE BEGINNING OF A TANGENT
CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 05 DEGREES 37
MINUTES 57 SECONDS, A RADIUS OF 125.00 FEET, A CHORD WHICH
BEARS, SOUTH 01 DEGREES 25 MINUTES 52 SECONDS EAST, A
DISTANCE OF 12.28 FEET;
ALONG SAID TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF
12 29 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 83 DEGREES 56 MINUTES 25 SECONDS EAST, A DISTANCE OF
133.52 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
' JACOBS" SET FOR CORNER;
SOUTH 14 DEGREES 19 MINUTES 49 SECONDS EAST, A DISTANCE OF
106.06 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 27 DEGREES 39 MINUTES 06 SECONDS EAST, A DISTANCE OF
585 85 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
'JACOBS" SET FOR THE NORTHEAST CORNER OF LOT 29, BLOCK 4 OF
PRESIDIO WEST, PHASE IV, AN ADDITION TO THE CITY OF FORT
WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO.
, PLAT RECORDS, TARRANT COUNTY, TEXAS;
THENCE, CONTINUING OVER AND ACROSS SAID FIRST TEXAS HOMES, INC.
TRACT AND ALONG THE NORTHWEST LINE OF SAID PRESIDIO WEST,
PHASE IV, THE FOLLOWING COURSES AND DISTANCES•
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST, ALONG THE
NORTHWEST LINE OF SAID LOT 29, BLOCK 4, A DISTANCE OF 110.00
FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
'JACOBS" SET FOR THE NORTHWEST CORNER OF SAID LOT 29,
BLOCK 4, SAID POINT BEING ON THE NORTHEAST RIGHT-OF-WAY
LINE OF WHITE BEAR TRAIL (A 50 RIGHT-OF-WAY);
NORTH 27 DEGREES 39 MINUTES 05 SECONDS WEST, ALONG THE
NORTHEAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL, A
DISTANCE OF 16.88 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP
STAMPED "JACOBS' SET FOR CORNER;
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST, OVER AND
ACROSS SAID WHITE BEAR TRAIL, A DISTANCE OF 55.00 FEET TO A
5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
Page 2 of 9
CORNER ON A CORNER CLIP AT THE INTERSECTION OF THE
SOUTHWEST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL AND
THE NORTHWEST RIGHT-OF-WAY LINE OF AMARANTH DRIVE (A 50'
RIGHT-OF-WAY);
SOUTH 17 DEGREES 20 MINUTES 54 SECONDS WEST, ALONG SAID
CORNER CLIP, A DISTANCE OF 7.07 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS' SET FOR CORNER AT THE
SOUTH END OF SAID CORNER CLIP,
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST, ALONG THE
NORTHWEST RIGHT-OF-WAY LINE OF SAID AMARANTH DRIVE, A
DISTANCE OF 200.00 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC
CAP STAMPED "JACOBS" SET FOR CORNER AT THE EAST END OF A
CORNER CLIP AT THE INTERSECTION OF THE NORTHWEST RIGHT-
OF-WAY LINE OF SAID AMARANTH DRIVE AND THE NORTHEAST
RIGHT-OF-WAY LINE OF YELLOW CUP DRIVE (A 50 RIGHT-OF-WAY);
NORTH 72 DEGREES 39 MINUTES 06 SECONDS WEST, ALONG SAID
CORNER CLIP, A DISTANCE OF 7.07 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS' SET FOR CORNER;
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST, OVER AND
ACROSS SAID YELLOW CUP DRIVE, A DISTANCE OF 60.00 FEET TO A
5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS' SET FOR
CORNER ON A CORNER CLIP AT THE INTERSECTION OF THE
SOUTHWEST RIGHT-OF-WAY LINE OF SAID YELLOW CUP DRIVE AND
THE NORTHWEST RIGHT-OF-WAY LINE OF SAID AMARANTH DRIVE
SOUTH 17 DEGREES 20 MINUTES 54 SECONDS WEST, ALONG SAID
CORNER CLIP, A DISTANCE OF 7.07 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS' SET FOR CORNER AT THE
SOUTH END OF SAID CORNER CLIP;
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST, ALONG THE
NORTHWEST RIGHT-OF-WAY LINE OF SAID AMARANTH DRIVE, A
DISTANCE OF 100.00 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC
CAP STAMPED ' JACOBS' SET FOR THE EAST CORNER OF LOT 1,
BLOCK 6 OF SAID PRESIDIO WEST, PHASE IV;
THENCE, NORTH 27 DEGREES 39 MINUTES 06 SECONDS WEST, CONTINUING
OVER AND ACROSS SAID FIRST TEXAS HOMES INC. TRACT AND ALONG
THE NORTHEAST LINE OF SAID PRESIDIO WEST, PHASE IV, PASSING AT A
DISTANCE OF 431.00 FEET A 5/8 INCH IRON ROD WITH A PLASTIC CAP
STAMPED "JACOBS" SET FOR THE NORTH CORNER OF LOT 7, BLOCK 6 OF
SAID PRESIDIO WEST PHASE IV AND THE EAST CORNER OF LOT 8, BLOCK 6
OF AFORESAID PRESIDIO WEST, PHASE III, CONTINUING OVER AND
ACROSS SAID FIRST TEXAS HOMES, INC. TRACT AND ALONG THE
NORTHEAST LINE OF SAID PRESIDIO WEST, PHASE III IN ALL A TOTAL
DISTANCE OF 790.95 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP
Page 3 of 9
STAMPED "JACOBS" SET FOR THE NORTHEAST CORNER OF LOT 13, BLOCK 6
AND THE SOUTHEAST CORNER OF LOT 14, BLOCK 6 OF SAID PRESIDIO
WEST, PHASE III
THENCE, CONTINUING OVER AND ACROSS SAID FIRST TEXAS HOMES, INC.
TRACT AND ALONG THE NORTHWEST LINE OF SAID PRESIDIO WEST,
PHASE III, THE FOLLOWING COURSES AND DISTANCES•
NORTH 14 DEGREES 15 MINUTES 29 SECONDS WEST, ALONG THE
NORTHWEST LINE OF SAID LOT 14, BLOCK 6, A DISTANCE OF 52.97
FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
'JACOBS" SET FOR THE NORTHEAST CORNER OF SAID LOT 14, BLOCK
6 AND THE SOUTHEAST CORNER OF LOT 15, BLOCK 6 OF SAID
PRESIDIO WEST, PHASE III;
NORTH 01 DEGREES 23 MINUTES 06 SECONDS EAST, A DISTANCE OF
117 80 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
' JACOBS" SET FOR THE NORTHEAST CORNER OF LOT 16, BLOCK 6 OF
SAID PRESIDIO WEST, PHASE III;
NORTH 88 DEGREES 36 MINUTES 54 SECONDS WEST, ALONG THE
NORTH LINE OF SAID LOT 16, BLOCK 6, A DISTANCE OF 110.00 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET
FOR THE NORTHWEST CORNER OF SAID LOT 16 BLOCK 6, SAID
POINT BEING ON THE EAST RIGHT-OF-WAY LINE OF AFORESAID
AMARANTH DRIVE;
NORTH 01 DEGREES 23 MINUTES 06 SECONDS EAST, ALONG THE
EAST RIGHT-OF-WAY LINE OF SAID AMARANTH DRIVE, A DISTANCE
OF 55.00 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER AT THE SOUTHWEST END OF A CORNER
CLIP AT THE INTERSECTION OF THE EAST RIGHT-OF-WAY LINE OF
SAID AMARANTH DRIVE AND THE SOUTH RIGHT-OF-WAY LINE OF
FIDDLENECK STREET (A 50' RIGHT-OF-WAY);
NORTH 46 DEGREES 23 MINUTES 06 SECONDS EAST, ALONG SAID
CORNER CLIP, A DISTANCE OF 6.34 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS' SET FOR CORNER;
NORTH 01 DEGREES 23 MINUTES 06 SECONDS EAST, OVER AND
ACROSS SAID FIDDLENECK STREET, PASSING AT A DISTANCE OF
55.52 FEET A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
`JACOBS' SET FOR THE SOUTHEAST CORNER OF AFORESAID LOT 10,
BLOCK 7, CONTINUING ALONG THE EAST LINE OF SAID LOT 10,
BLOCK 7, IN ALL A TOTAL DISTANCE OF 175.52 FEET TO THE POINT
OF BEGINNING, AND CONTAINING 13.144 ACRES OF LAND, MORE OR
LESS.
Page 4 of 9
TRACT 2
BEING A 7.608 ACRE TRACT OF LAND SITUATED IN THE JOSIAH WALKER
SURVEY, ABSTRACT NO 1600, CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS, AND BEING A PORTION OF A TRACT OF LAND CONVEYED TO FIRST
TEXAS HOMES, INC., AS RECORDED IN COUNTY CLERK S FILE NO.
D210260522, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID
7.608 ACRE TRACT WITH REFERENCE BEARING BEING THE RECORDED
PLAT OF THE PRESIDIO WEST ADDITION, AN ADDITION TO THE CITY OF
FORT WORTH, AS RECORDED IN CABINET A SLIDE 11771, PLAT RECORDS,
TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED
BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
`JACOBS' SET FOR THE SOUTHWEST CORNER OF LOT 31, BLOCK 4 OF
PRESIDIO WEST, PHASE IV, AN ADDITION TO THE CITY OF FORT WORTH, AS
RECORDED IN COUNTY CLERK'S FILE NO. , PLAT
RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON THE
NORTHEAST RIGHT-OF-WAY LINE OF WHITE BEAR TRAIL (A 50 RIGHT-OF-
WAY)
THENCE, NORTH 62 DEGREES 20 MINUTES 54 SECONDS EAST, ALONG THE
SOUTHEAST LINE OF SAID LOT 31, BLOCK 4, A DISTANCE OF 110.00 FEET TO
A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS' SET FOR
CORNER;
THENCE, OVER AND ACROSS SAID FIRST TEXAS HOMES, INC. TRACT, THE
FOLLOWING COURSES AND DISTANCES
SOUTH 38 DEGREES 44 MINUTES 45 SECONDS EAST, A DISTANCE OF
61.14 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS' SET FOR CORNER AND THE BEGINNING OF A NON -
TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 06
DEGREES 24 MINUTES 08 SECONDS, A RADIUS OF 970.00 FEET, A
CHORD WHICH BEARS, NORTH 48 DEGREES 03 MINUTES 10 SECONDS
EAST, A DISTANCE OF 108.33 FEET
ALONG SAID NON -TANGENT CURVE TO THE LEFT, AN ARC
DISTANCE OF 108.39 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC
CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH 00 DEGREES 41 MINUTES 12 SECONDS WEST, A DISTANCE OF
12.19 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 44 DEGREES 04 MINUTES 12 SECONDS EAST, A DISTANCE OF
52.84 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
Page 5 of 9
NORTH 88 DEGREES 58 MINUTES 12 SECONDS EAST, A DISTANCE OF
12.01 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 43 DEGREES 52 MINUTES 12 SECONDS EAST, A DISTANCE OF
167.18 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS' SET FOR CORNER AND THE BEGINNING OF A TANGENT
CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 04 DEGREES 21
MINUTES 26 SECONDS, A RADIUS OF 490.00 FEET, A CHORD WHICH
BEARS, NORTH 46 DEGREES 02 MINUTES 55 SECONDS EAST, A
DISTANCE OF 37.25 FEET;
ALONG SAID TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF
37.26 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 05 DEGREES 33 MINUTES 59 SECONDS EAST, A DISTANCE OF
11.74 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 52 DEGREES 19 MINUTES 16 SECONDS EAST, A DISTANCE OF
53.87 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 80 DEGREES 55 MINUTES 28 SECONDS EAST, A DISTANCE OF
11.74 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER AND THE BEGINNING OF A NON -
TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 12
DEGREES 31 MINUTES 50 SECONDS, A RADIUS OF 490.00 FEET, A
CHORD WHICH BEARS, NORTH 62 DEGREES 40 MINUTES 49 SECONDS
EAST, A DISTANCE OF 106.95 FEET
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC
DISTANCE OF 107.16 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC
CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH 37 DEGREES 54 MINUTES 49 SECONDS WEST, A DISTANCE OF
46.77 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
` JACOBS" SET FOR CORNER;
NORTH 27 DEGREES 39 MINUTES 06 SECONDS WEST, A DISTANCE OF
363.99 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS' SET FOR CORNER;
NORTH 57 DEGREES 28 MINUTES 18 SECONDS EAST, A DISTANCE OF
40.86 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
` JACOBS" SET FOR CORNER;
Page 6 of 9
SOUTH 74 DEGREES 21 MINUTES 18 SECONDS EAST, A DISTANCE OF
95.39 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 60 DEGREES 43 MINUTES 00 SECONDS EAST, A DISTANCE OF
57.68 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 27 DEGREES 20 MINUTES 15 SECONDS EAST, A DISTANCE OF
138 79 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS' SET FOR CORNER AND THE BEGINNING OF A NON -
TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 64
DEGREES 33 MINUTES 58 SECONDS, A RADIUS OF 50 00 FEET, A
CHORD WHICH BEARS, NORTH 24 DEGREES 59 MINUTES 08 SECONDS
EAST, A DISTANCE OF 53.41 FEET
ALONG SAID NON -TANGENT CURVE TO THE LEFT, AN ARC
DISTANCE OF 56.34 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP
STAMPED "JACOBS' SET FOR CORNER
NORTH 01 DEGREES 23 MINUTES 06 SECONDS EAST, A DISTANCE OF
176.16 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
` JACOBS ' SET FOR CORNER ON THE NORTH LINE OF SAID FIRST
TEXAS HOMES, INC. TRACT AND THE SOUTH LINE OF LOT 6, BLOCK 1
OF RATLIFF ADDITION, AN ADDITION TO THE CITY OF FORT WORTH,
AS RECORDED IN CABINET B, SLIDE 2426, PLAT RECORDS, TARRANT
COUNTY, TEXAS;
THENCE, SOUTH 88 DEGREES 36 MINUTES 54 SECONDS EAST, ALONG THE
NORTH LINE OF SAID FIRST TEXAS HOMES, INC. TRACT AND THE SOUTH
LINE OF SAID LOT 6, BLOCK 1, A DISTANCE OF 163.99 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR THE
NORTHEAST CORNER OF SAID FIRST TEXAS HOMES, INC. TRACT, SAID
POINT BEING ON THE WEST RIGHT-OF-WAY LINE OF HARMON ROAD (A 65'
RIGHT-OF-WAY)
THENCE, SOUTH 00 DEGREES 06 MINUTES 24 SECONDS WEST, ALONG THE
EAST LINE OF SAID FIRST TEXAS HOMES, INC TRACT AND THE WEST
RIGHT-OF-WAY LINE OF SAID HARMON ROAD, A DISTANCE OF 819 62 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
THENCE, NORTH 89 DEGREES 53 MINUTES 36 SECONDS WEST, OVER AND
ACROSS SAID FIRST TEXAS HOMES, INC. TRACT AND ALONG THE NORTH
LINE OF A CALLED 36.646 ACRE TRACT OF LAND CONVEYED TO EITAN
OVED, AS RECORDED IN COUNTY CLERK S FILE NO. D209035930 OFFICIAL
PUBLIC RECORDS TARRANT COUNTY, TEXAS, A DISTANCE OF 185.13 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED `CARTER BURGESS"
FOUND FOR CORNER, SAID POINT BEING ON THE SOUTH LINE OF SAID
FIRST TEXAS HOMES, INC. TRACT;
Page 7 of 9
THENCE, ALONG THE SOUTH LINE OF SAID FIRST TEXAS HOMES, INC.
TRACT, THE FOLLOWING COURSES AND DISTANCES •
SOUTH 64 DEGREES 29 MINUTES 43 SECONDS WEST, ALONG THE
NORTH LINE OF SAID EITAN OVED TRACT, A DISTANCE OF 35.59 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "CARTER
BURGESS" FOUND FOR CORNER;
SOUTH 43 DEGREES 52 MINUTES 12 SECONDS WEST, CONTINUING
ALONG THE NORTH LINE OF SAID EITAN OVED TRACT, PASSING AT
A DISTANCE OF 229.05 FEET THE A NORTHWEST CORNER OF SAID
EITAN OVED TRACT AND THE NORTHEAST CORNER OF A CALLED
36.646 ACRE TRACT OF LAND CONVEYED TO GARY C. MORCHOWER
MD PROFIT SHARING PLAN, AS RECORDED IN COUNTY CLERK'S FILE
NO. D207051253, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY,
TEXAS, CONTINUING ALONG THE NORTH LINE OF SAID GARY C.
MORCHOWER MD PROFIT SHARING PLAN TRACT IN ALL A TOTAL
DISTANCE OF 506.03 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC
CAP STAMPED "CARTER BURGESS" FOUND FOR CORNER;
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST, CONTINUING
ALONG THE NORTH LINE OF SAID GARY C MORCHOWER MD PROFIT
SHARING PLAN TRACT, A DISTANCE OF 120.55 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR A
NORTHEAST CORNER OF AFORESAID PRESIDIO WEST, PHASE IV
SAID POINT ALSO BEING ON THE NORTHEAST RIGHT-OF-WAY LINE
OF AFORESAID WHITE BEAR TRAIL;
THENCE OVER AND ACROSS SAID FIRST TEXAS HOMES, INC. TRACT AND
ALONG THE NORTHEAST LINE OF SAID PRESIDIO WEST, PHASE IV, THE
FOLLOWING COURSES AND DISTANCES•
NORTH 27 DEGREES 39 MINUTES 06 SECONDS WEST, ALONG THE
NORTHEAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL, A
DISTANCE OF 102.05 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC
CAP STAMPED "JACOBS' SET FOR CORNER AT THE SOUTH END OF A
CORNER CLIP AT THE INTERSECTION OF THE NORTHEAST RIGHT-OF-
WAY LINE OF WHITE BEAR TRAIL AND THE SOUTHEAST RIGHT-OF-
WAY LINE OF SALVIA DRIVE (A 60' RIGHT-OF-WAY);
NORTH 15 DEGREES 24 MINUTES 12 SECONDS EAST, ALONG SAID
CORNER CLIP, A DISTANCE OF 7.30 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS' SET FOR CORNER;
NORTH 27 DEGREES 39 MINUTES 06 SECONDS WEST OVER AND
ACROSS SAID SALVIA DRIVE, A DISTANCE OF 70.15 FEET TO A 5/8
INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS' SET FOR
CORNER ON A CORNER CLIP AT THE INTERSECTION OF THE
Page 8 of 9
NORTHWEST RIGHT-OF-WAY LINE OF SAID SALVIA DRIVE AND THE
NORTHEAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL,
NORTH 74 DEGREES 43 MINUTES 01 SECONDS WEST, ALONG SAID
CORNER CLIP, A DISTANCE OF 6.81 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS' SET FOR CORNER AT THE
WEST END OF SAID CORNER CLIP,
NORTH 27 DEGREES 39 MINUTES 06 SECONDS WEST, ALONG THE
NORTHEAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL, A
DISTANCE OF 65 95 FEET TO THE POINT OF BEGINNING, AND
CONTAINING 7.608 ACRES OF LAND, MORE OR LESS.
Page 9 of 9
EXHIBIT B
APPROVED BUDGET
Section I
Water $196,510.80
Sewer $170,652.40
Sub -total
Section II
Interior Streets
Storm Drains
Sub -total
Section III
Street Lights
Sub -total
$367,163.20
$478,964.00
$228,608.50
$707,572.50
$51,959.73
$51,959.73
TOTAL $1,126,695.43