HomeMy WebLinkAboutResolution 5766-06-2023A Resolution
NO. 5766-06-2023
A RESOLUTION ACCEPTING THE FILING OF A PETITION TO
CREATE A NEW PUBLIC IMPROVEMENT DISTRICT TO BE KNOWN
AS FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.22 (VEALE
RANCH); SETTING A DATE FOR A PUBLIC HEARING; AUTHORIZING
THE PUBLICATION OF NOTICE; AND ENACTING OTHER
PROVISIONS RELATED THERETO
WHEREAS, on June 5, 2023, the City Council of the City of Fort Worth, Texas ("City
Council") received a petition ("Petition") requesting the creation of a public improvement district
under Chapter 372, Texas Local Government Code ("Act") to be known as "Fort Worth Public
Improvement District No. 22 (Veale Ranch)" ("District");
WHEREAS, the Petition, a copy of which is attached hereto as Exhibit A, has been
examined, verified, and found by City staff to meet the requirements of Section 372.005 of the
Acv and to be sufficient for consideration by City Council;
WHEREAS, the Petition describes the improvements to be financed within the District;
WHEREAS, the boundaries of the District are described in the attachments to the Petition
and are within both the corporate limits and extraterritorial jurisdiction of the City;
WHEREAS, pursuant to the Act, the City Council is required to conduct a public hearing
concerning the creation of the District and to provide notice thereof, which notice must be provided
in a manner and contain the requisite information specified in the Act;
WHEREAS, the City Council finds and determines that, based on its receipt and review
of the Petition, the City should proceed with conducting a public hearing concerning the creation
of the District and giving notice of such public hearing in the time, form, and manner provided by
law; and
WHEREAS, the City Council finds and determines that these actions are in the best
interest of the residents of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
1. The recitals set forth above in this Resolution are true and correct and are hereby
adopted as findings of the City Council and are incorporated into the body of this Resolution as if
fully set forth herein.
2. A public hearing is scheduled to begin at 6:00 pm on Tuesday, August 8, 2023 in
the City Council Chamber, City Hall, 200 Texas Street, Fort Worth, Texas to receive public
comment on the creation of the District in the area described in the Petition pursuant to the Act.
3. Notice of said public hearing, in the substantially final form presented herewith in
Exhibit B, with such changes as may be approved by the City's legal counsel, will be published in
a newspaper of general circulation in the City before the 151h day prior to the date of the hearing
as required by the Act.
4. Written notice, in the substantially final form presented herewith in Exhibit B, with
such changes as may be approved by the City's legal counsel, will be mailed to each property
owner as reflected on the tax rolls, of property subject to assessment within the District, before the
151h day prior to the date set for the hearing.
5. The Petition is hereby accepted and approved for filing with the City Secretary for
public inspection.
6. In considering the establishment of the District, the City Council reserves the right
to set parameters for the District that are lesser in scope than what is requested by the Petition,
including, but not limited to, setting an assessment area that is less than the proposed boundaries
stated by the notice and in the Petition; limiting the types of improvements that may be financed
by the District; and prescribing restrictions on obligations of indebtedness that may be issued for
improvements.
7. It is officially found, determined, and declared that the meeting at which this
Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 551 of the Texas Government Code.
Adopted this 271h day of June 2023.
ATTEST:
By:
Jannette S. Goodall, City Secretary
EXHIBIT A
PETITION
PETITION FOR THE CREATION OF VEALE RANCH PUBLIC IMPROVEMENT
DISTRICT WITHIN THE CITY OF FORT WORTH, TEXAS
TO THE HONORABLE MAYOR AND CITY COUNCIL, CITY OF FORT WORTH, TEXAS:
COMES NOW, PB Ventana 1, LLC, a Texas limited liability company; PMB I20 Land, LP, a
Texas limited partnership; PMB Rolling V South Land LP, a Texas limitcd partnership; PMB RVS
Dev Co LLC, a Texas limited liability company; PMB SWFW Dev Co LLC, a Texas limited liability
company; PMB Team Ranch Deveo LLC, a Texas limited liability company; PMB Veale Land
Investors 1 LP, a Texas limited partnership; PMB Ventana Developer LLC, a Texas limited liability
company; PMB Ventana Developer South LLC, a Texas limited liability company; PMB Ventana SIR
LP, a Texas limited partnership; TRT Land Investors, LLC, a Delaware limited liability company, and
Wal-Mart Stores East, L.P. (collectively the "Petitioners"), the owners of certain taxable real property
described in Exhibit "A" attached hereto and incorporated herein by reference, who hereby petition the
City of Fort Worth, Texas ("City"), to conduct a public hearing on this Petition and to create a public
improvement district pursuant to Section 3 72.005 of the Texas Local Government Code, as amended,
to be known as "Veale Ranch Public Improvement District" (the "District"). In support of the same,
Petitioners respectfully show the following:
The boundaries of the proposed District are set forth in Exhibit "A" attached hereto. All of
such land is located within the corporate limits of the City or its extraterritorial jurisdiction.
II.
The general nature of the proposed improvements (the "Improvements") are: (i) acquisition,
construction, and improvement of water, wastewater, and drainage facilities and improvements;
(ii) acquiring, constructing, improving, widening, narrowing, closing, and rerouting of sidewalks and
of streets, any other roadways, and their rights -of -way; (iii) landscaping; (iv) the establishment and
improvement of parks; (v) acquisition, construction, and improvement of off-street parking;
(vi) erection of fountains, distinctive lighting, and signs; (vii) construction and improvement of
pedestrian malls; (viii) acquisition and installation of pieces of art; (ix) acquisition, construction and
improvement of libraries; (x) acquisition, construction, improvement, and rerouting of mass
transportation facilities; (xi) projects similar to those listed in (i)-(x); (xii) acquisition, by purchase or
otherwise, of real property in connection with an Improvement; (xiii) special supplemental services for
improvement and promotion of the District, including services relating to advertising, promotion,
health and sanitation, water and wastewater, public safety, security, business recruitment,
development, recreation, and cultural enhancement; (xiv) payment of expenses incurred in the
establishment, administration, and operation of the District, including the costs of financing the
Improvements, and (xv) the development, rehabilitation and expansion of affordable housing.
Notwithstanding anything to the contrary, the following will not be considered as
Improvements: (a) water lines and sanitary sewer lines having a diameter of 8" or less located in and
serving a for sale or rent single-family home, cottage home, and/or townhome residential subdivision;
(b) oversizing of water and sanitary sewer lines in and serving residential areas without City approval;
and (c) local residential streets, as defined by the Fort Worth Master Thoroughfare Plan.
The estimated total cost of the proposed Improvements is $3,000,000,000.
►1/
The City shall levy assessments on each parcel within the District in a manner that results in
imposing equal shares of the costs on property similarly benefited. Each assessment may be paid in
part or in full at any time (including interest), and certain assessments may be paid in annual
installments (including interest). If the City allows an assessment to be paid in installments, then the
installments must be paid in amounts necessary to meet annual costs for those Improvements financed
by the assessment and must continue for a period necessary to retire the indebtedness on those
Improvements (including interest).
a
All of the costs of the proposed Improvements shall be apportioned to and paid by assessments
levied against benefitted property within the District. The City will pay none of the costs of the
proposed Improvements. Any remaining costs of the proposed Improvements will be paid from sources
other than assessments levied against benefitted property within the District.
VI.
The Petitioners propose that the District be managed by the City with the assistance of a third -
party administrator hired by the City and paid as part of the annual administrative cost of the District.
VII.
The Petitioners concur in the establishment of the District, are duly authorized, and have the
corporate authority, to execute and deliver this Petition.
The Petitioners propose that the District be established and managed without the creation of an
advisory board; provided, however, that an advisory body may be established to develop and
recommend an improvement plan to the City Council of the City.
IX.
The Petitioners (through authorized representatives) are the owners of taxable real property
representing more than fifty percent (50%) of the appraised value of taxable real property liable for
assessment under the proposal, as determined by the current roll of the appraisal district of the county
in which the property is located; and the record owners of real property liable for assessment under the
proposal who: (a) constitute more than fifty percent (50%) of all record owners of property that are
liable for assessment under the proposal, and (b) own taxable real property that constitutes more than
fifty percent (50°/a) of the area of all taxable real property that is liable for assessment under the
proposal.
X.
This Petition will be filed with the City Secretary, City of Fort Worth, Texas.
RESPECTFULLY SUBMITTED, on this the 541A, day ofaiE 2023.
PETITIONERS:
PB VENTANA 1, LLC,
a Texas limited liability company
By: PB Ventana Manager, LLC,
a Texas limited liability company,
its Manager
By: (q��
Name: V. lw
Its: Manage
STATE OF TEXAS
COUNTY OF PAI-Cq,
rL. /�
This instrument was acknowledged before me on the i I day of / -►
2023, by K. Toal/ I�It<roi , Manager of PB Ventana Manager, LLC, a Texad limited liability
company, its Manager PB VENTANA 1, LLC, a Texas limited liability company, on behalf of said
company.
No blic in and for the State of Texas
(NOTARY SEAL)
t p"f(&-ft�FRICH CAGNINAJRilD Jt133309105
M My Commission Expires
N"�eor �+ September t, 2025
PMB I20 LAND LP,
a Texas limited partnership
By: PMB I20 Land GP LLC,
a Texas limited liability company,
its General Partner
By: l
Name• T� i lrol
Its: Manager
STATE OF TEXAS §
COUNTY OF A LA'S §
This instrument was acknowledged before me on the L1 day of Ma
2023, by V.Tawio140A Manager of PMB I20 Land GP LLC, a Tex limited liability
company, the General Partner of PMB I20 LAND LP, a Texas limited partnership, on behalf of said
partnership.
Not ublie in and for the State of Texas
(NOTARY SEAL)
t,R• °off JEFFREY RICH cAGNINAJR
Notary ID Jt133309105
My commission Expires
Y're ur [ September 1, 2025
PMB ROLLING V SOUTH LAND LP,
a Texas limited partnership
By: PMB Rolling V South Land GP LLC,
a Texas limited liability company,
its General Partner
By:
Name: k T�vI�Ji✓A
Its: Manager T
STATE OF TEXAS §
COUNTY OF LLf�S §
This instrument was acknowledged before me on the day of
2023, by k .TK,4 J #.- -> --1 , Manager of PMB Rolling V South Land UP LLC, a Texas
limited liability o6mpany, the General Partner of PMB ROLLING V SOUTH LAND LP, a Texas
limited partnership, on behalf of said partnership.
Notaz lic in and for the State of Texas
(NOTARY SEAL)
JEFFREY RICH CAGNINA JR
i Notary ID4133309Y95
My Commissian-E spires
September 1, 2025
PMB RVS DEVCO LLC,
a Texas limited liability company
By: PMB RVS Dev Co Manager LLC,
a Texas limited liability company,
its Manager
By:
Name:
Its: Manager
STATE OF TEXAS
COUNTY OF D A L A5 § II I
This instrument was acknowledged before me on the I I� day of / is
2023, by 9--F h/ Bllkg , Manager of PMB RVS Dev Cc Manager LL , a Texas limited
liability compa , its Manager of PMB RVS DEVCO LLC, a Texas limited liability company, on
behalf of said company.
Notar ublic in and for the State of Texas
(NOTARY SEAL)
JEFFR' RICH CAGNINAJR
Notary 10.1133309105
My Commission Expires
k'�O 10 September 1, 2025
PMB SWFW DEV CO LLC,
a Texas limited liability company
By: PMB SWFW Dev Cc Manager LLC,
a Texas limited liability company,
its Manager
By: - M
Name: , T;wi I
Its: Manager
STATE OF TEXAS
COUNTY OF y A 1,1, M
This instrument was acknowledged before me on the � day of
2023, by V, "5hIri r`r61 , K. Taylor Baird, Manager of PMB SWFW Dev C6 Manager LLC,
a Texas limited fiability company, the Manager of PMB SWFW DEV CO LLC, a Texas limited
liability company, on behalf of said company.
Notblic in and for the State of Texas
(NOTARY SEAL)
NEFFREY RICHCAGNINA3330910 JRNotary IDN133309[05
MyCommissioTfxpires
September 1, 2025
PMB TEAM RANCH DEVCO LLC,
a Texas limited liability company
By: PMB Team Ranch Manager LLC,
a Texas limited liability company,
its Manager
By:
Name: Tit loi •�(
Its: Manager
STATE OF TEXAS
COUNTY OF l}LLA5
This instrument was acknowledged before me on the I 1 day of &
2023, by lr1 RkyA , Manager of PMB Team Ranch Manager LLC, a Texas limited
liability company/ the e Manager of PMB TEAM RANCH DEVCO LLC, a Texas limited liability
company, on behalf of said company.
No Public in and for the State of Texas
(NOTARY SEAL) /
61-
J=RICHICAGINIINAINA JR"9ipires.."
PMB VEALE LAND INVESTORS 1 LP,
a Texas limited partnership
By: PMB Veale Land Investors 1 GP LLC,
a Texas limited liability company,
its General Partner
By: (C—�
Name: K . Ta Ian 1'
Its: Manager
STATE OF TEXAS §
COUNTY OF § ^n
This instrument was acknowledged before me on the 1)1'` day of
2023, by iC. A o/ ,iV Manager PMB Veale Land Investors 1 GP LLC, a Texas limited
liability compan , the 6encral Partner of PMB VEALE LAND INVESTORS 1 LP, a Texas limited
partnership, on behalf of said partnership.
a��-
Not ublic in and for the State of Texas
(NOTARY SEAL)
�a+>ue JEFFREY RICH CAGNINA JR
i .1 Notary ID,�133309105
®J My Commission Expires
September 1, 2025
PMB VENTANA DEVELOPER LLC,
a Texas limited liability company
By: PB Ventana Manager, LLC,
a Texas limited liability company,
its Manager
By: - i:�::M
y�
Name:_Gi. T;w, of Rai
Its: Manager
STATE OF TEXAS
COUNTY OF 1 L/4$'
This instrument was acknowledged before me on the / I day of
2023, by V. _F1,.,,G,�Tlj4114 Manager of PB Ventana Manager, LL , a Texas limited
liability company; the Manager of PMB VENTANA DEVELOPER LLC, a Texas limited liability
company, on behalf of said company.
Notary lic in and for the State of Texas
(NOTARY SEAL)
4�0.Y PUd, JEFFREY RICH CAGNINA JR
i Notary 10.(t133309105
My Commission Expires
September 1, 2025
PMB VENTANA DEVELOPER SOUTH LLC,
a Texas limited liability company
By: PMB Ventana Developer LLC,
a Texas limited liability company,
its Manager
By: PB Ventana Manager, LLC,
a Texas limited liability company,
its Manager
By: r—_N
Name: V. I KV 10 /
Its: Manager
STATE OF TEXAS
COUNTY OF &Lf r>
This instrument was acknowledged before me on the / I" day of /' -
2023, by V,'ra�f,, i1r,"rA Manager of PB Ventana Manager, LL , a Texas limited
liability company its Manager of PMB Ventana Developer LLC, a Texas limited liability company,
the Manager of PMB VENTANA DEVELOPER SOUTH LLC, a Texas limited liability company, on
behalf of said company.
Not ublic in and for the State of Texas
(NOTARY SEAL)
JEFFREY RICH CAGNINA JR
i Notary 10.1F733309I
» My Commissiortfscpires
♦rEarY September t, 2025
PMB VENTANA SFR LP,
a Texas limited partnership
By: PMB Ventana SFR GP LLC,
a Texas limited liability company,
its General Partner
By:
Name- 10
Its: Manager
STATE OF TEXAS
COUNTY OF ALL
This instrument was acknowledged before me on the 1 I ' day of AI-
2023, by 14- 1 ti ti ( A,'Id , Manager of PMB Ventana SFR GP LLC,—a—T—e—x-d limited liability
company, the General Partner of PMB VENTANA SFR LP, a Texas limited partnership, on behalf of
said partnership.
Notary lie in and for the State of Texas
(NOTARY SEAL)
JEFFREY RICH CAGNINA JR
Notary ID.$133309105
» My Commission Expires
��eor 10 September 1, 2025
TRT LAND INVESTORS, LLC
a Delaware limited 'ability company
By:
Name o
Its:Sewn.ov vVOL,-
STATE OF TEXAS §
COUNTYOF alICAS §
This instrument was acknowledged before me on the 0day of
2023, by I r&&-.o✓ V ►►a- QVt;JbURT LAND INVESTORS, LLC
a Delaware limited liabili company, on behalf of said company.
., JOSELYNE L�f
ublic i and fort tate of Texas
(NOTARY SEAL) -'?: -Notary Public, State of 'a::`�= Comm. Expires 03-17-,��,,,�. Notary ID 1336529
WAL-MART STORES EAST, L.P.,
a Delaware limited partnership
By:
Name: Noe_I 110e I cL
its• 7l �/te�o,r
STATE OF AgK-AA5A-S
COUNTY OF 16e-n4-a.
This instrument was acknowledged before me on the 30 day of
2023, by ROCA faw l e ♦ a 'ZX r eaiw of WAL-MART STORES EAST,
L.P., a Delaware limited partnership, on behalf of said partnership.
Notary Pub is in and e
the State of Texas
(NOTARY SEAL)
TARy'•. �
pVBuc
g12T08310�:�
EXHIBIT "A"
The Metes and Bounds Description of the In -City Property
PMB Ventana Developer South LLC Property (153.952 Acres)
BEING A 191.349 ACRE TRACT OF LAND SITUATED IN THE ELIZABETH LANGSTON
SURVEY, ABSTRACT NO. 988, THE T.P. ROGERS SURVEY, ABSTRACT NO. 1357, THE
EDWARD TAYLOR SURVEY, ABSTRACT NO. 1560 AND THE D.T. FINLEY SURVEY,
ABSTRACT NO. 1903, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND BEING
PART OF A 1214.617 ACRE TRACT OF LAND CONVEYED TO JOHNNY HAMPTON (BUD)
VINSON II AND CHERYL R. VINSON, AS RECORDED IN COUNTY CLERK'S FILE NO.
D204159103, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID 191.349
ACRE TRACT, WITH REFERENCE BEARING BASIS BEING GRID NORTH, TEXAS STATE
PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10),
DETERMINED BY GPS OBSERVATION, CALCULATED FROM DALLAS CORS ARP (PID-
DF8984) AND ARLINGTON RRP2 CORS ARP (PID-DF5387), AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
COMMENCING AT A 1/2 INCH IRON ROD WITH CAP STAMPED "FULTON" FOUND FOR
THE SOUTHEAST CORNER OF A 117.198 ACRE TRACT OF LAND, CONVEYED TO PB
VENTANA 1, LLC., AS RECORDED IN COUNTY CLERK'S FILE NO. D215129625, OFFICIAL
PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE SOUTHWEST CORNER OF THE
REMAINDER OF A 38.910 ACRE TRACT OF LAND CONVEYED TO SJ ROLLING HILLS
DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D203176403,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE NORTHWEST CORNER OF
A 24.308 ACRE TRACT OF LAND CONVEYED TO TEXAS ELECTRIC SERVICE COMPANY,
AS RECORDED IN VOLUME 5428, PAGE 543, OFFICIAL PUBLIC RECORDS, TARRANT
COUNTY, TEXAS, SAID POINT BEING ON THE EAST LINE OF SAID 1214.617 ACRE TRACT;
THENCE, SOUTH 60 DEGREES 58 MINUTES 38 SECONDS WEST, OVER AND ACROSS SAID
1214.617 ACRE TRACT AND ALONG THE SOUTH LINE OF SAID 117.198 ACRE TRACT, A
DISTANCE OF 1613.31 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "BURY"
FOUND FOR THE SOUTHWEST CORNER OF SAID 117.198 ACRE TRACT AND THE
SOUTHEAST CORNER OF A 162.310 ACRE TRACT OF LAND CONVEYED TO PB LONG
TERM HOLD 1, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D215129626, OFFICIAL
PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING THE POINT OF
BEGINNING;
THENCE, OVER AND ACROSS SAID 1214.617 ACRE TRACT, THE FOLLOWING COURSES
AND DISTANCES:
SOUTH 18 DEGREES 44 MINUTES 17 SECONDS EAST, A DISTANCE OF 304.90 FEET
TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 79 DEGREES 56 MINUTES 47 SECONDS EAST, A DISTANCE OF 361.22 FEET
TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 71 DEGREES 58 MINUTES 13 SECONDS EAST, A DISTANCE OF 363.76 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER AND THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT
HAVING A CENTRAL ANGLE OF 22 DEGREES 29 MINUTES 15 SECONDS, A RADIUS
OF 510.00 FEET AND A LONG CHORD THAT BEARS SOUTH 50 DEGREES 13
MINUTES 04 SECONDS EAST, A DISTANCE OF 198.88 FEET;
ALONG SAID NON -TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 200.17
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS"
SET FOR CORNER;
SOUTH 33 DEGREES 15 MINUTES 17 SECONDS EAST, A DISTANCE OF 676.14 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 984.33 FEET
TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 30.00 FEET
TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 100.00 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 955.41 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF 1061.55
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS"
SET FOR CORNER;
SOUTH 14 DEGREES 56 MINUTES 25 SECONDS WEST, A DISTANCE OF 122.85 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 32 DEGREES 45 MINUTES 42 SECONDS EAST, A DISTANCE OF 102.90 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 60 DEGREES 24 MINUTES 29 SECONDS WEST, A DISTANCE OF 780.16 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
WEST, A DISTANCE OF 628.83 FEET TO A 5/8 INCH IRON ROD WITH YELLOW
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH 07 DEGREES 05 MINUTES 06 SECONDS WEST, A DISTANCE OF 246.75 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
NORTH 24 DEGREES 54 MINUTES 16 SECONDS WEST, A DISTANCE OF 164.11 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTH 89 DEGREES 27 MINUTES 34 SECONDS WEST, A DISTANCE OF 444.34 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER ON THE WEST LINE OF SAID 1214.617 ACRE TRACT AND THE EAST
LINE OF A 3893.555 ACRE TRACT OF LAND CONVEYED TO IONA LAND L.P., ET
AL, AS RECORDED IN COUNTY CLERK'S FILE NO. D203145630, OFFICIAL PUBLIC
RECORDS, TARRANT COUNTY, TEXAS, FROM WHICH A 1 INCH IRON ROD FOUND
FOR A NORTHWEST ELL CORNER OF SAID 1214.617 ACRE TRACT AND A
SOUTHEAST CORNER OF SAID 3893.555 ACRE TRACT BEARS SOUTH 00 DEGREES
32 MINUTES 29 SECONDS EAST, A DISTANCE OF 722.55 FEET;
THENCE, NORTH 00 DEGREES 32 MINUTES 29 SECONDS WEST, ALONG SAID WEST LINE
OF 1214.617 ACRE TRACT AND SAID EAST LINE OF 3893.555 ACRE TRACT, A DISTANCE
OF 1910.63 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR THE SOUTHWEST CORNER OF AFORESAID 162.310 ACRE TRACT;
THENCE, NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, OVER AND ACROSS SAID
1214.617 ACRE TRACT AND ALONG THE SOUTH LINE OF SAID 162.310 ACRE TRACT, A
DISTANCE OF 2602.98 FEET TO THE POINT OF BEGINNING AND CONTAINING 191.349
ACRES OF LAND, MORE OR LESS.
SAVE AND EXCEPT:
BEING A 15.007 ACRE TRACT OF LAND SITUATED IN THE E. LANGSTON SURVEY,
ABSTRACT NO.988, T.F. ROGERS SURVEY, ABSTRACT NO. 1357, AND THE E. TAYLOR
SURVEY, ABSTRACT NO. 1560, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS,
AND BEING PART OF A 191.349 ACRE TRACT OF LAND CONVEYED TO PB LONG
TERM HOLD 2, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. D217119099,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID 15.007 ACRE TRACT,
WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES,
NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2010), DETERMINED BY GPS
OBSERVATIONS, CALCULATED FROM DALLAS CORS ARP (PID-DF8984) AND
ARLINGTON RRP2 CORS ARP (PID-DF5387), BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS"
FOUND FOR THE SOUTHEAST CORNER OF SAID 191.349 ACRE TRACT AND THE
SOUTHWEST CORNER OF A 21.204 ACRE TRACT OF LAND CONVEYED TO PB
VENTANA 1, LLC, AS RECORDED IN COUNTY CLERK'S FILE NO. D217119095,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON THE
NORTH LINE OF A REMAINDER OF A 1214.617 ACRE TRACT OF LAND CONVEYED TO
JOHNNY HAMPTON (BUD) VINSON II AND CHERYL R. VINSON, AS RECORDED IN
COUNTY CLERK'S FILE NO. D204159103, OFFICIAL PUBLIC RECORDS, TARRANT
COUNTY, TEXAS, FROM WHICH A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" FOUND FOR THE SOUTHEAST CORNER OF SAID 21.204 ACRE TRACT
BEARS NORTH 89 DEGREES 38 MINUTES 01 SECONDS EAST, A DISTANCE OF 130.00
FEET;
THENCE, SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, ALONG THE SOUTH
LINE OF SAID 191.349 ACRE TRACT, A DISTANCE OF 501.77 FEET TO A 5/8 INCH IRON
ROD WITH PLASTIC CAP STAMPED %JA SURVEYING" SET FOR CORNER, FROM
WHICH A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND FOR
A SOUTHWEST CORNER OF SAID 191.349 ACRE TRACT BEARS SOUTH 89 DEGREES
38 MINUTES 01 SECONDS WEST, A DISTANCE OF 453.64 FEET;
THENCE, OVER AND ACROSS SAID 191.349 ACRE TRACT, THE FOLLOWING COURSES
AND DISTANCES:
NORTH 00 DEGREES 21 MINUTES 59 SECONDS WEST, A DISTANCE OF 948.85 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER;
NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, A DISTANCE OF 177.56 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER;
NORTH 15 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 14.14 FEET
TO A 518 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER;
NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 195.61 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER AND THE BEGINNING OF A TANGENT CURVE TO THE LEFT
HAVING A CENTRAL ANGLE OF 23 DEGREES 54 MINUTES 11 SECONDS, A RADIUS
OF 510.00 FEET AND A LONG CHORD THAT BEARS NORTH 49 DEGREES 01
MINUTES 32 SECONDS EAST, A DISTANCE OF 211.23 FEET;
ALONG SAID TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 212.77 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER;
SOUTH 35 DEGREES 35 MINUTES 54 SECONDS EAST, A DISTANCE OF 135.68 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER;
SOUTH 45 DEGREES 32 MINUTES 52 SECONDS EAST, A DISTANCE OF 47.10 FEET
TO A 518 INCH IRON ROD WITH PLASTIC CAP STAMPED "LJA SURVEYING" SET
FOR CORNER;
SOUTH 54 DEGREES 46 MINUTES 13 SECONDS EAST, A DISTANCE OF 208.15 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND AN
EXTERIOR ELL CORNER ON THE EAST LINE OF SAID 191.349 ACRE TRACT AND
AN INTERIOR ELL CORNER ON THE WEST LINE OF AFORESAID 21.204 ACRE
TRACT;
THENCE, ALONG SAID EAST LINE OF 191.349 ACRE TRACT AND SAID WEST LINE OF
21.204 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 984.33 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND FOR
CORNER;
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 30.00 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" FOUND FOR
CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 100.00 FEET
TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF
15.007 ACRES, OR 653,715 SQUARE FEET OF LAND.
SAVE AND EXCEPT:
BEING A 16.826 ACRE TRACT OF LAND SITUATED IN THE T.F. ROGERS SURVEY,
ABSTRACT NO. 1357, THE E. TAYLOR SURVEY, ABSTRACT NO. 1560 AND THE D.T.
FINLEY SURVEY, ABSTRACT NO. 1903, CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS AND"BEING PART OF A 191.349 ACRE TRACT OF LAND CONVEYED TO PMB
VENTANA DEVELOPER SOUTH LLC, AS RECORDED IN COUNTY CLERK'S FILE NO.
D221026481, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID 16.826 ACRE
TRACT, WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE
COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10),
DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DALLAS CORS ARP (PID-
DF8984) AND ARLINGTON RRP2 CORS ARP (PID-DF5387), BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR THE SOUTHWEST CORNER OF LOT 1X, BLOCK 12 OF VENTANA,
PHASE 6A-1, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY
CLERK'S FILE NO. D222166626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS,
SAID POINT BEING ON THE SOUTH LINE OF SAID 191.349 ACRE TRACT AND THE NORTH
LINE OF A 166.267 ACRE TRACT OF LAND CONVEYED TO SJ BRYANT IRVIN
COMMERCIAL DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE NO.
D220341076, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM WHICH A
5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR
THE SOUTHEAST CORNER OF SAID LOT 1X, BLOCK 12 AND THE SOUTHWEST CORNER
OF LOT 1, BLOCK 1 OF VENTANA ELEMENTARY SCHOOL, AN ADDITION TO THE CITY
OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO. D222169637, OFFICIAL
PUBLIC RECORDS, TARRANT COUNTY, TEXAS BEARS NORTH 89 DEGREES 38 MINUTES
01 SECONDS EAST, A DISTANCE OF 60.00 FEET AND A 5/8 INCH IRON ROD WITH
YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND FOR THE SOUTHEAST CORNER OF
SAID LOT 1, BLOCK 1 BEARS NORTH 89 DEGREES 38 MINUTES 01 SECONDS EAST, A
DISTANCE OF 561.77 FEET;
THENCE, ALONG THE SAID SOUTH LINE OF 191.349 ACRE TRACT AND SAID NORTH
LINE OF 166.267 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 393.64 FEET
A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND
FOR CORNER;
SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF 110.75 FEET
A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING"
-SET FOR CORNER;
THENCE, OVER AND ACROSS SAID 191.349 ACRE TRACT, THE FOLLOWING COURSES
AND DISTANCES:
NORTH 40 DEGREES 23 MINUTES 33 SECONDS WEST, A DISTANCE OF 489.60 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER AND THE BEGINNING OF A NON -TANGENT
CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 06 DEGREES 50 MINUTES
54 SECONDS, A RADIUS OF 830.00 FEET AND A LONG CHORD THAT BEARS
NORTH 36 DEGREES 58 MINUTES 06 SECONDS WEST, A DISTANCE OF 99.15 FEET;
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 99.21
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH.33 DEGREES 32 MINUTES 39 SECONDS WEST, A DISTANCE OF 83.56 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER ON THE SOUTH LINE. OF AFORESAID VENTANA,
PHASE 6A-1 AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT
HAVING A CENTRAL ANGLE OF 00 DEGREES 27 MINUTES 30 SECONDS, A RADIUS
OF 3990.00 FEET AND A LONG CHORD THAT BEARS NORTH 56 DEGREES 32
MINUTES 24 SECONDS EAST, A DISTANCE OF 31.91 FEET;
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 31.91
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG
SAID SOUTH LINE OF VENTANA, PHASE 6A-1, THE FOLLOWINGCOURSES AND
DISTANCES:
NORTH 56 DEGREES 46 MINUTES 08 SECONDS EAST, A DISTANCE OF 42.63 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH 33 DEGREES 13 MINUTES 52 SECONDS WEST, A DISTANCE OF 50.00 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 56 DEGREES 46 MINUTES 08 SECONDS WEST, A DISTANCE OF 5.73 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH 76 DEGREES 07 MINUTES 37 SECONDS WEST, A DISTANCE OF 13.61 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER, SAID POINT BEING ON THE NORTHEAST RIGHT-
OF-WAY LINE OF MEGS CREEK ROAD (A 50' RIGHT-OF-WAY);
NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, ALONG SAID NORTHEAST
RIGHT-OF-WAY LINE OF MEGS CREEK ROAD, A DISTANCE OF 110.19 FEET TO A
5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING"
SET FOR CORNER AT THE SOUTH END OF A CORNER CLIP AT THE INTERSECTION
OF SAID NORTHEAST RIGHT-OF-WAY LINE OF MEGS CREEK ROAD AND THE
SOUTHEAST RIGHT-OF-WAY LINE OF ORCHARD WAY (A 60' RIGHT-OF-WAY);
NORTH 14 DEGREES 09 MINUTES 29 SECONDS EAST, ALONG SAID CORNER CLIP,
A DISTANCE OF 14.58 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP
STAMPED "LJA SURVEYING" SET FOR CORNER AT THE NORTH END OF SAID
CORNER CLIP AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT
HAVING A CENTRAL ANGLE OF 03 DEGREES 34 MINUTES 11 SECONDS, A RADIUS
OF 4170.00 FEET AND A LONG CHORD THAT BEARS NORTH 59 DEGREES 11
MINUTES 32 SECONDS EAST, A DISTANCE OF 259.77 FEET;
THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT, ALONG SAID
SOUTH LINE OF VENTANA, PHASE 6A-1 AND ALONG SAID SOUTHEAST RIGHT-OF-WAY
LINE OF ORCHARD WAY, THE FOLLOWING COURSES AND DISTANCES:
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 259.81
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 682.76 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR THE NORTHWEST CORNER OF AFORESAID LOT 1X,
BLOCK 12;
THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG THE
WEST LINE OF SAID LOT 1X, BLOCK 12, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 74 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE OF 14.14 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 29 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE OF 82.72 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER AND THE BEGINNING OF A TANGENT CURVE TO
THE RIGHT HAVING A CENTRAL ANGLE OF 28 DEGREES 39 MINUTES 23
SECONDS, A RADIUS OF 410.00 FEET AND A LONG CHORD THAT BEARS SOUTH
14 DEGREES 41 MINUTES 41 SECONDS EAST, A DISTANCE OF 202.93 FEET;
ALONG SAID TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 205.06
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 828.80 FEET
TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF
16.826 ACRES, OR 732,925 SQUARE FEET OF LAND.
SAVE AND EXCEPT:
That 7.423 acre portion of a 7.607 acre tract of land known as Ventana, Phase 6A-1, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the Plat thereof
recorded in Document D222166626, Plat Records Tarrant County, Texas, lying within the
bounds of the above described 191.349 acre tract of land, SAVE AND EXCEPT that certain
1.859 acre private open space lot known as Lot 1X, Block 12, of Ventana, Phase 6A-1, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the Plat thereof
recorded in Document D222166626, Plat Records Tarrant County, Texas, for a net excepted
area of 5.564 acres of land.
PMB Ventana SIR LP Property (16.826 Acres)
BEING A 16.826 ACRE TRACT OF LAND SITUATED IN THE T.F. ROGERS SURVEY,
ABSTRACT NO. 1357, THE E. TAYLOR SURVEY, ABSTRACT NO. 1560 AND THE D.T.
FINLEY SURVEY, ABSTRACT NO. 1903, CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS AND BEING PART OF A 191.349 ACRE TRACT OF LAND CONVEYED TO PMB
VENTANA DEVELOPER SOUTH LLC, AS RECORDED IN COUNTY CLERK'S FILE NO.
D221026481, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID 16.826 ACRE
TRACT, WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE
COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10),
DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DALLAS CORS ARP (PID-
DF8984) AND ARLINGTON RRP2 CORS ARP (PID-DF5387), BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR THE SOUTHWEST CORNER OF LOT 1X, BLOCK 12 OF VENTANA,
PHASE 6A-1, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY
CLERK'S FILE NO. D222166626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS,
SAID POINT BEING ON THE SOUTH LINE OF SAID 191.349 ACRE TRACT AND THE NORTH
LINE OF A 166.267 ACRE TRACT OF LAND CONVEYED TO SJ BRYANT IRVIN
COMMERCIAL DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE NO.
D220341076, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM WHICH A
5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR
THE SOUTHEAST CORNER OF SAID LOT 1X, BLOCK 12 AND THE SOUTHWEST CORNER
OF LOT 1, BLOCK 1 OF VENTANA ELEMENTARY SCHOOL, AN ADDITION TO THE CITY
OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO, D222169637, OFFICIAL
PUBLIC RECORDS, TARRANT COUNTY, TEXAS BEARS NORTH 89 DEGREES 38 MINUTES
01 SECONDS EAST, A DISTANCE OF 60.00 FEET AND A 5/8 INCH IRON ROD WITH
YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND FOR THE SOUTHEAST CORNER OF
SAID LOT 1, BLOCK 1 BEARS NORTH 89 DEGREES 38 MINUTES O1 SECONDS EAST, A
DISTANCE OF 561.77 FEET;
THENCE, ALONG THE SAID SOUTH LINE OF 191.349 ACRE TRACT AND SAID NORTH
LINE OF 166.267 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 89 DEGREES 38 MINUTES O1 SECONDS WEST, A DISTANCE OF 393.64 FEET
A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" FOUND
FOR CORNER;
SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF 110.75 FEET
A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING"
SET FOR CORNER;
THENCE, OVER AND ACROSS SAID 191.349 ACRE TRACT, THE FOLLOWING COURSES
AND DISTANCES:
NORTH 40 DEGREES 23 MINUTES 33 SECONDS WEST, A DISTANCE OF 489.60 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER AND THE BEGINNING OF A NON -TANGENT
CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 06 DEGREES 50 MINUTES
54 SECONDS, A RADIUS OF 830.00 FEET AND A LONG CHORD THAT BEARS
NORTH 36 DEGREES 58 MINUTES 06 SECONDS WEST, A DISTANCE OF 99.15 FEET;
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 99.21
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH 33 DEGREES 32 MINUTES 39 SECONDS WEST, A DISTANCE OF 83.56 FEET
TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER ON THE SOUTH LINE OF AFORESAID VENTANA,
PHASE 6A-1 AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT
HAVING A CENTRAL ANGLE OF 00 DEGREES 27 MINUTES 30 SECONDS, A RADIUS
OF 3990.00 FEET AND A LONG CHORD THAT BEARS NORTH 56 DEGREES 32
MINUTES 24 SECONDS EAST, A DISTANCE OF 31.91 FEET;
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 31.91
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG
SAID SOUTH LINE OF VENTANA, PHASE 6A-1, THE FOLLOWINGCOURSES AND
DISTANCES:
NORTH 56 DEGREES 46 MINUTES 08 SECONDS EAST, A DISTANCE OF 42.63 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH 33 DEGREES 13 MINUTES 52 SECONDS WEST, A DISTANCE OF 50.00 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 56 DEGREES 46 MINUTES 08 SECONDS WEST, A DISTANCE OF 5.73 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER, -
NORTH 76 DEGREES 07 MINUTES 37 SECONDS WEST, A DISTANCE OF 13.61 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER, SAID POINT BEING ON THE NORTHEAST RIGHT-
OF-WAY LINE OF MEGS CREEK ROAD (A 50' RIGHT-OF-WAY);
NORTH 29 DEGREES 01 MINUTES 22 SECONDS WEST, ALONG SAID NORTHEAST
RIGHT-OF-WAY LINE OF MEGS CREEK ROAD, A DISTANCE OF 110.19 FEET TO A
518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING"
SET FOR CORNER AT THE SOUTH END OF A CORNER CLIP AT THE INTERSECTION
OF SAID NORTHEAST RIGHT-OF-WAY LINE OF MEGS CREEK ROAD AND THE
SOUTHEAST RIGHT-OF-WAY LINE OF ORCHARD WAY (A 60' RIGHT-OF-WAY);
NORTH 14 DEGREES 09 MINUTES 29 SECONDS EAST, ALONG SAID CORNER CLIP,
A DISTANCE OF 14.58 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP
STAMPED "LJA SURVEYING" SET FOR CORNER AT THE NORTH END OF SAID
CORNER CLIP AND THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT
HAVING A CENTRAL ANGLE OF 03 DEGREES 34 MINUTES 11 SECONDS, A RADIUS
OF 4170.00 FEET AND A LONG CHORD THAT BEARS NORTH 59 DEGREES 11
MINUTES 32 SECONDS EAST, A DISTANCE OF 259.77 FEET;
THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT, ALONG SAID
SOUTH LINE OF VENTANA, PHASE 6A-1 AND ALONG SAID SOUTHEAST RIGHT-OF-WAY
LINE OF ORCHARD WAY, THE FOLLOWING COURSES AND DISTANCES:
ALONG SAID NON -TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 259.81
FEET TO A 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 682.76 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR THE NORTHWEST CORNER OF AFORESAID LOT 1X,
BLOCK 12;
THENCE, CONTINUING OVER AND ACROSS SAID 191.349 ACRE TRACT AND ALONG THE
WEST LINE OF SAID LOT 1X, BLOCK 12, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 74 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE OF 14.14 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 29 DEGREES 01 MINUTES 22 SECONDS EAST, A DISTANCE OF 82.72 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER AND THE BEGINNING OF A TANGENT CURVE TO
THE RIGHT HAVING A CENTRAL ANGLE OF 28 DEGREES 39 MINUTES 23
SECONDS, A RADIUS OF 410.00 FEET AND A LONG CHORD THAT BEARS SOUTH
14 DEGREES 41 MINUTES 41 SECONDS EAST, A DISTANCE OF 202.93 FEET;
ALONG SAID TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 205.06
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 828.80 FEET
TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF
16.826 ACRES, OR 732,925 SQUARE FEET OF LAND.
TRT Land Investors LLC Property (58.603 Acres)
BEING 58.603 ACRES OF LAND SITUATED IN THE DAVID H. DIXON SURVEY, ABSTRACT
NO. 442, G.H. & H. RR. CO. SURVEY, ABSTRACT NO. 623, D.T. FINLEY SURVEY,
ABSTRACT NO. 1900, AND THE NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229,
TARRANT COUNTY, TEXAS, AND BEING A PORTION OF A TRACT OF LAND DESCRIBED
TO TRT LAND INVESTORS, LLC AS RECORDED IN COUNTY CLERKS FILE NO.
D221245221, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY TEXAS, AND BEING
MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF SAID
TRT LAND TRACT ON THE WESTERLY RIGHT-OF-WAY LINE OF R.M. HIGHWAY NO.2871
(A VARIABLE WIDTH RIGHT-OF-WAY) FOR THE BEGINNING OF A CURVE TO THE LEFT
HAVING A RADIUS OF 2416.83 FEET AND A CHORD THAT BEARS SOUTH 11'35'04" EAST,
945.85 FEET;
THENCE WITH SAID WESTERLY RIGHT-OF-WAY LINE AND SAID CURVE TO THE LEFT,
THROUGH A CENTRAL ANGLE OF 22°34'08", AN ARC -DISTANCE OF 951.99 FEET TO A
1/2-INCH CAPPED IRON ROD STAMPED "LANDES ASSOCIATES" FOUND FOR THE
NORTHERNMOST CORNER OF LOT 1, BLOCK 1, BENBROOK CHRISTIAN FELLOWSHIP
SUBDIVISION, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS BY PLAT RECORDED IN COUNTY CLERK FILE NO. D205347812 OF SAID OFFICIAL
PUBLIC RECORDS;
THENCE WITH THE NORTHWESTERLY LINE OF SAID BENBROOK CHRISTIAN
FELLOWSHIP SUBDIVISION, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 64°27'52" WEST, A DISTANCE OF 475.19 FEET TO A 1/2-INCH IRON ROD
FOUND;
SOUTH 47056'03" WEST, A DISTANCE OF 221.98 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "WIER ASSOCIATES" FOUND;
SOUTH 31 °20'39" WEST, A DISTANCE OF 62538 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "WIER ASSOCIATES" FOUND FOR THE SOUTHWEST CORNER OF
SAID BENBROOK CHRISTIAN FELLOWSHIP SUBDIVISION ON THE NORTH LINE
OF LOT 1, BLOCK 1, BENBROOK WATER AND SEWER AUTHORITY TANK SITE, AN
ADDITION TO THE CITY OF BENBROOK, TARRANT COUNTY, TEXAS BY PLAT
RECORDED IN CABINET A, SLIDE 4324 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 89038'34" WEST, WITH SAID NORTH LINE, A DISTANCE OF 597.69 FEET
TO A 518-INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID BENBROOK
WATER AND SEWER AUTHORITY TANK SITE;
THENCE SOUTH 019611" WEST, WITH THE WEST LINE OF SAID BENBROOK WATER
AND SEWER AUTHORITY TANK SITE, A DISTANCE OF 8.87 FEET TO A 1/2-INCH IRON
ROD FOUND FOR THE NORTHEAST CORNER OF LOT 31X, BLOCK 8, VENTANA, AN
ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS SHOWN BY
PLAT RECORDED IN COUNTY CLERK FILE NO. D217078339 OF SAID OFFICIAL PUBLIC
RECORDS;
THENCE SOUTH 89°26'43" WEST, WITH THE NORTH LINE OF SAID VENTANA ADDITION,
A DISTANCE OF 649.00 FEET;
THENCE OVER AND ACROSS SAID TRT LAND TRACT, THE FOLLOWING COURSES AND
DISTANCES;
NORTH 01 °22'48" WEST, A DISTANCE OF 888.51 FEET;
NORTH 89°16'44" EAST, A DISTANCE OF 669.38 FEET;
NORTH 00°21'24" EAST, A DISTANCE OF 1119,32 FEET TO THE NORTH LINE OF
SAID TRT LAND TRACT;
THENCE SOUTH 82'07'07" EAST, WITH SAID NORTH LINE, A DISTANCE OF 1333.53 FEET
TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA 64.680 ACRES
(2,817,481 SQUARE FEET) SAVE AND EXCEPT THAT 6.077 ACRES THAT LIES WITHIN
VEALE RANCH PARKWAY (A 110-FOOT-WIDE RIGHT-OF-WAY) AS DEDICATED BY
DOCUMENT RECORDED IN COUNTY CLERK FILE NO, D217021024 OF SAID OFFICIAL
PUBLIC RECORDS FOR A NET CALCULATED AREA OF 58.603 ACRES (2,552,781 SQUARE
FEET) OF LAND.
PMB Rolline V South Land LP Prouerty (710.369 Acres)
Tract 1 (544.102 Acres):
Being a 544.102 acre tract in the T. Finley Survey, Abstract No. 1878, T.F. Rogers Survey, Abstract
No. 1357, T&NO RR CO Survey, Abstract No. 1565, D.T. Finley Survey, Abstract No. 1901, in
Tarrant County, Texas, being the remainder portion of a called 1,214.61 acre tract described in
instrument to Johnny Hampton (Bud) Vinson II & Cheryl Vinson, recorded in Clerk File No.
D204159103 Official Public Records, Tarrant County, Texas, (O.P.R.T.C.T.) said 544.102 acre tract
being more particularly described by metes and bounds as follows:
Bearings, Distances, and/or Areas derived from GNSS observations performed by Texas Surveying,
Inc. and reflect N.A.D. 1983, Texas State Plane Coordinate System, North Central Zone 4202. (Grid)
(Grid acreage is 543.972, surface acreage calculated using scale factor of 1.00012).
BEGINNING at a found 1" iron rod in the north right-of-way of U.S. Highway 377 South, variable
width, for the southeast corner of Lot 10, Block 35, Bella Flora, Phase 10, said subdivision plat
recorded in Clerk File No. D221350274, Plat Records Tarrant County, Texas (P.R.T.C.T.), being the
most southerly southwest corner of the herein described 544.102 acre tract;
THENCE North 41 ° 59' 43" West, 999.70 feet, to a found 7/8" iron rod, for the north corner of Lot 6
and Lot 7, Block 35 of said Phase 10 Plat, being and interior corner of the herein described 544.102
acre tract;
THENCE South 47' 59' 05" West, 583.31 feet, to a found 1/2" capped iron rod, on the north line of
Lot 1, Block 35, Bella Flora, Phase 9, said subdivision plat recorded in Clerk File No. D221115287,
P.R.T.C.T_, being an angle corner of the herein described 544.102 acre tract;
THENCE South 89' 27' 40" West, 3,523.32 feet, to a found 1" iron rod, on the east right-of-way of
Dean Ranch Road, 55 foot wide, as shown on plat of Bella Flora Phase 7, D216064985, P.R.P.C.T.,
for the northwest corner of a 5 foot wide right-of-way dedication of said Phase 9 plat, being the most
westerly southwest comer of the herein described 544.102 acre tract;
THENCE North 00' 32' 42" West, at 635.68 feet, pass the northeast comer of said Phase 7 and the
southeast comer of a called 3,590.912 acre tract being described in instrument to TRT Land Investors
LLC, recorded in Clerk File No. D221245221, O.P.R.T.C.T., for a total distance of 4,191.61 feet, to a
found 1" iron rod, for an interior comer of said 3,590.912 acre tract, being the most westerly northwest
corner of the herein described 544.102 acre tract;
THENCE North 890 27' 33" East, 3,179.57 feet, to a found 1" iron rod, for a southeast corner of said
3,590.912 acre tract, being an interior corner of the herein described 544.102 acre tract;
THENCE North 00' 31' 29" West, 722.61 feet, with an east line of said 3,590.912 acre tract, to a found
5/8" capped iron rod, for a southwest comer of a 191.349 acre tract described in instrument to PMB
Ventana Developer South LLC, recorded in Clerk File No. D221026481, O.P.R.T.C.T., being the most
northerly northwest comer of the herein described 544.102 acre tract;
THENCE with the south line of said 191.349 acre tract the following 5 courses and distances:
North 89' 28' 43" East, 444.30 feet to a found 5/8" capped Iron rod, for a northeast corner of
the herein described 544.102 acre tract;
South 24' 55' 44" East, 164.18 feet, to a found 5/8" iron rod, for an angle corner of the herein
described 544.102 acre tract;
South 07' 04' 50" East, 246.67 feet, to a found 5/8" capped iron rod, for an interior corner of
the herein described 544.102 acre tract;
North 89' 59' 55" East, 628.69 feet, to a found 5/8" iron rod, for an angle corner of the herein
described 544.102 acre tract;
North 60° 24' 17" East, 780.09 feet, to a found 5/8" capped iron rod, for a southeast corner of
said 191.349 acre tract, for an angle comer of a called 166.267 acre tract described in
instrument to SJ Bryant Irvin Commercial Development LP, recorded in Clerk File No.
D220341076 O.P.R.T.C.T., being the most easterly northeast corner of the herein described
544.102 acre tract;
THENCE with the west line of said 166.267 acre tract the following 6 courses and distances:
South 11 ° 53' 13" East, 682.99 feet, to a found 5/8" capped iron rod, for an angle comer of the
herein described 544.102 acre tract;
South 18' 04'36" East, 942.41 feet, to a found 5/8" capped iron rod, for an angle corner of the
herein described 544.102 acre tract;
South 04' 52' 20" East, 1,128.95 feet, to a found 5/8" capped iron rod, for an angle comer of
the herein described 544.102 acre tract;
South 08' 00' 46" West, 448.73 feet, to a found 5/8" capped iron rod, for an angle comer of
the herein described 544.102 acre tract;
South 46' 59' 45" West, 468.39 feet, to a found 5/8" iron rod, for an interior corner of the
herein described 543.972 acre tract;
South 42' 39' 27" East, 1,018.66 feet, to a found 5/8 iron rod on the north right-of-way of said
U.S. Highway 377 South, for the southwest corner of said 166.267 acre tract, being the most
southerly
southeast corner of the herein described 544.102 acre tract;
THENCE South 470 58' 02" West, 1,578.66 feet, with the north right-of-way of said U.S. Highway
377 South, to the POINT OF BEGINNING and containing 544.102 acres.
Tract 2 (166.267Acres):
BEING THAT CERTAIN TRACT OF LAND SITUATED IN THE T. & N.O. R.R. COMPANY
SURVEY, ABSTRACT NUMBER 1565, THE G.H. & H. R.R. COMPANY SURVEY, ABSTRACT
NUMBER 624, THE T.D. FINLEY SURVEY, ABSTRACT NUMBER 1901, THE T.F. ROGERS
SURVEY, ABSTRACT NUMBER 1357 AND THE ELIZABETH LAUGHSTON SURVEY,
ABSTRACT NUMBER 988, TARRANT COUNTY, TEXAS AND BEING ALL OF THAT TRACT
OF LANDDESCRIBED BY DEED TO SJ BRYANT IRVIN COMMERCIAL DEVELOPMENT, LP,
RECORDED IN INSTRUMENT NUMBER D204159103, COUNTY RECORDS, TARRANT
COUNTY, TEXAS AND BEING MORE PARTICULARLY DESCRIBED BY METES AND
BOUNDS AS FOLLOWS:
BEGINNING AT A 1 INCH IRON ROD FOUND AT THE SOUTHEAST CORNER OF SAID SJ
BRYANT IRVIN TRACT AND TILE SOUTIWEST CORNER OF TIIAT TRACT OF LAND
DESCRIBED BY DEED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT, RECORDED
IN INSTRUMENT NUMBER D219257699, SAID COUNTY RECORDS, AND BEING IN THE
NORTH LINE OF U.S. HIGHWAY 377 SOUTH, (BENBROOK BOULEVARD) (A VARIABLE
WIDTH RIGHT-OF-WAY);
THENCE ALONG THE NORTH LINE OF SAID U.S. HIGHWAY 377 AS FOLLOWS:
S 47°29'38"W, 1223.57 FEET TO A 1 INCH IRON FOUND;
S 47°58' 12"W, 198.52 FEET TO A 5/8 INCH IRON FOUND AT THE MOST SOUTHERLY
SOUTHWEST CORNER OF SAID SJ BRYANT IRVIN TRACT AND AN EAST LINE OF
A TRACT OF LAND DESCRIBED BY DEED TO JOHNNY HAMPTON (BUD) VINSON
II AND CHERYL R. VINSON, RECORDED IN INSTRUMENT NUMBER D204159103,
SAID COUNTY RECORDS;
THENCE ALONG THE COMMON LINE OF SAID SJ BRYANT IRVIN AND VINSON TRACTS
AS FOLLOWS:
N 42°39'25"W, 1018.88 FEET TO A 518 INCH IRON FOUND;
N 46°59'45"E, 468.50 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND;
N 09-00'48"E, 448.79 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND;
N 04°52'37"W, 1129.24 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND;
N IV04'00"W, 942.35 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND;
THENCE N 11°53'46"W, 683.12 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND IN THE SOUTH LINE OF THAT TRACT OF LAND DESCRIBED BY
DEED TO PMB VENTANA DEVELOPER SOUTH LLC, RECORDED IN INSTRUMENT
NUMBER D221026481, SAID COUNTY RECORDS;
THENCE WITH THE SOUTH LINE OF SAID PMB VENTANA TRACT THE FOLLOWING
BEARINGS AND DISTANCES:
N 32°46' 13"W, 102.86 FEET TO A 5/8 INCH IRON FOUND;
N 14.57' 15"E, 122.72 FEET TO A 5/8 INCH IRON FOUND;
N 46°56' 14"E, PASSING THE SOUTHWEST CORNER OF THAT TRACT OF LAND
DESCRIBED BY DEED TO PMB VENTANA SFR LP, RECORDED IN INSTRUMENT
NUMBER D221318474, SAID COUNTY RECORDS, CONTINUING IN ALL A
DISTANCE OF 1061.62 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" SET;
THENCE N 89°38'04"E, ALONG THE SOUTH LINE OF SAID PMB VENTANA SIR TRACT,
PASSING ITS SOUTHEAST CORNER, PASSING A REMAINING SOUTHWEST AND
SOUTHEAST CORNER OF THAT TRACT OF LAND DESCRIBED BY DEED TO PB LONG
TERM HOLD 2, LP, RECORDED IN INSTRUMENT NUMBER D217119099, SAID COUNTY
RECORDS, PASSING THE SOUTHWEST CORNER OF THAT TRACT OF LAND DESCRIBED
BY DEED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT, RECORDED IN
INSTRUMENT NUMBER D219228097, SAID COUNTY RECORDS, CONTINUING IN ALL A
DISTANCE OF 1085.42 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED "JACOBS"
FOUND AT THE SOUTHEAST CORNER OF THAT TRACT OF LAND DESCRIBED BY DEED
TO PB VENTANA 1, LLC, RECORDED IN INSTRUMENT NUMBER D217119095, SAID
COUNTY RECORDS, BEING IN THE WEST LINE OF LOT 2, BLOCK A, WHITESTONE GOLF
COURSE ADDITION, AN ADDITION TO THE CITY OF BENBROOK, TARRANT COUNTY,
TEXAS, ACCORDING TO THE PLAT RECORDED IN CABINET A, SLIDE 5082, SAID
COUNTY RECORDS;
THENCE S 00°22'00"E, 4180.05 FEET, WITH THE COMMON LINE OF SAID SJ BRYANT
IRVIN TRACT AND SAID LOT 2, TO THE POINT OF BEGINNING AND CONTAINING
7,242,578 SQUARE FEET OR 166.267 ACRES OF LAND MORE OR LESS.
The Metes and Bounds Description of the ETJ Property
PMB I20 Land LP Property (422.973 Acres)
Tract I (18.476 Acres):
BEING A TRACT OF LAND SITUATED IN THE HEIRS OF NATHAN PROCTOR SURVEY,
ABSTRACT NO. 1229, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A
PORTION OF THAT TRACT OF LAND DESCRIBED TO ROCKBROOK PARTNERSHIP, LTD.
BY DEED RECORDED IN COUNTY CLERK FILE NO. D212104127 OF THE OFFICIAL PUBLIC
RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 518-INCH IRON ROD SET WITH CAP STAMPED "LJA SURVEYING"
(HEREIN AFTER REFERRED TO AS A "518-INCH IRON ROD SET") ON THE EAST RIGHT-
OF-WAY LINE OF R.M. HIGHWAY NO. 2871 (A VARIABLE -WIDTH RIGHT-OF-WAY) FOR
THE SOUTHWEST CORNER OF A TRACT OF LAND DESCRIBED TO FORT WORTH
INDEPENDENT SCHOOL DISTRICT BY DEED RECORDED IN COUNTY CLERK FILE NO.
D219293163 OF SAID OFFICIAL PUBLIC RECORDS, FROM WHICH A 3-INCH METAL POST
FOUND FOR THE WESTERN -MOST SOUTHWEST CORNER OF SAID ROCKBROOK TRACT
BEARS SOUTH 00°20' 10" EAST, 452.00 FEET;
THENCE NORTH 89°39'50" EAST, WITH THE SOUTH LINE OF SAID FORT WORTH
INDEPENDENT SCHOOL DISTRICT TRACT, A DISTANCE OF 653.00 FEET TO A 5/8-INCH
IRON ROD SET FOR THE SOUTHEAST CORNER OF SAME;
THENCE OVER AND ACROSS SAID ROCKBROOK TRACT, THE FOLLOWING COURSES
AND DISTANCES:
SOUTH 00°20' 10" EAST, A DISTANCE OF 15.09 FEET TO A 518-INCH IRON ROD SET;
NORTH 89.40' 18" EAST, A DISTANCE OF 564.89 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 345.00
FEET AND A CHORD THAT BEARS SOUTH 83°00'53" EAST, 87.84 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 14°37'38",
AN ARC -DISTANCE OF 88.08 FEET TO A 5/8-INCH IRON ROD SET FOR THE
BEGINNING OF A REVERSE CURVE TO THE LEFT HAVING A RADIUS OF 2,525.00
FEET AND A CHORD THAT BEARS SOUTH 14°23'46" WEST, 572.22 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 13°00'45", AN
ARC -DISTANCE OF 573.45 FEET TO A 518-INCH IRON ROD SET;
SOUTH 07°53'24" WEST, A DISTANCE OF 176.83 FEET TO A 5/8-INCH IRON ROD SET
ON THE SOUTH LINE OF SAID ROCKBROOK TRACT IN THE RIGHT-OF-WAY OF
ALEDO ROAD (A VARIABLE WIDTH RIGHT-OF-WAY);
THENCE NORTH 82043'59" WEST, ALONG SAID RIGHT-OF-WAY AND WITH SAID SOUTH
LINE, A DISTANCE OF 1,044.56 FEET TO A 5/8-INCH IRON ROD SET;
THENCE NORTH 00°17'50" WEST, WITH THE WEST LINE OF SAID ROCKBROOK TRACT,
A DISTANCE OF 50.38 FEET TO A 5/8-INCH IRON ROD SET;
THENCE NORTH 41°12'58" WEST, CONTINUING WITH SAID WEST LINE, A DISTANCE OF
151.04 FEET TO A 5/8-INCH IRON ROD SET ON THE EAST RIGHT-OF-WAY LINE OF SAID
R.M. HIGHWAY NO. 2871;
THENCE NORTH 00°20' 10" WEST, WITH SAID EAST RIGHT-OF-WAY LINE, A DISTANCE
OF 452.00 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA
OF 18.476 ACRES (804,827 SQ. FEET), OF LAND.
Tract 2 (79.586 Acres):
BEING A TRACT OF LAND SITUATED IN THE G.H.& H.R. RR. CO. SURVEY, ABSTRACT
NO.623, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF
THAT TRACT OF LAND DESCRIBED TO ROCKBROOK PARTNERSHIP, LTD. BY DEED
RECORDED IN COUNTY CLERK FILE NO. D212104127 OF THE OFFICIAL PUBLIC
RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD SET WITH CAP STAMPED "LJA SURVEYING"
(HEREIN AFTER REFERRED TO AS A "5/8-INCH IRON ROD SET") ON THE EAST RIGHT-
OF-WAY LINE OF R.M. HIGHWAY NO.2871 (A VARIABLE -WIDTH RIGHT-OF-WAY), FROM
WHICH A 5/8-INCH IRON ROD FOUND FOR THE WESTERN -MOST NORTHWEST CORNER
OF SAID ROCKBROOK TRACT BEARS NORTH 00'20' 10" WEST, 2250.34 FEET;
THENCE OVER AND ACROSS SAID ROCKBROOK TRACT, THE FOLLOWING COURSES
AND DISTANCES:
NORTH 89°39'50" EAST, A DISTANCE OF 102.79 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 775.00
FEET AND A CHORD THAT BEARS SOUTH 87023'47" EAST, 79.49 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 05°52'46",
AN ARC -DISTANCE OF 79.53 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 84027'24" EAST, A DISTANCE OF 354.00 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 775.00
FEET AND A CHORD THAT BEARS NORTH 86013'56" EAST, 250.78 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 18°37'20", AN
ARC -DISTANCE OF 251.89 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 76055' 16" EAST, A DISTANCE OF 132.30 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTII 13'04'44" EAST, A DISTANCE OF 112.28 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 1,775.00
FEET AND A CHORD THAT BEARS SOUTH 17°40'43" EAST, 284.69 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 09-11'58", AN
ARC -DISTANCE OF 285.00 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 57°39'49" EAST, A DISTANCE OF 25.40 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT HAVING A
RADIUS OF 1,750.00 FEET AND A CHORD THAT BEARS SOUTH 26°24'58" EAST,
261.39 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 08°33'58", AN
ARC -DISTANCE OF 261.64 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 57039'49" WEST, A DISTANCE OF 375.64 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 275.00
FEET AND A CHORD THAT BEARS SOUTH 73008'18" WEST, 146.75 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 30°56'58",
AN ARC -DISTANCE OF 148.55 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 89°36'29" WEST, A DISTANCE OF 47.53 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 00°20' 10" EAST, A DISTANCE OF 50.00 FEET TO A 5/8-INCH IRON ROD SET
FOR THE NORTHEAST CORNER OF A TRACT OF LAND DESCRIBED TO FORT
WORTH INDEPENDENT SCHOOL DISTRICT BY DEED RECORDED IN COUNTY
CLERK FILE NO. D219293163 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 89039'50" WEST, WITH THE NORTH LINE OF SAID FORT WORTH
INDEPENDENT SCHOOL DISTRICT TRACT, A DISTANCE OF 653.00 FEET TO A 5/8-INCH
IRON ROD SET ON THE EAST RIGHT-OF-WAY LINE OF SAID R.M. HIGHWAY NO.2871;
THENCE NORTH 00°20'10" WEST, WITH SAID RIGHT-OF-WAY LINE, A DISTANCE OF
889.58 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF
19.586 ACRES (853,160 SQ. FEET), OF LAND.
Tract 3 (I26 467Acres):
BEING A TRACT OF LAND SITUATED IN THE JAMES F. ELLIOT SURVEY, ABSTRACT NO.
494; MCKINNEY & WILLIAMS SURVEY, ABSTRACT NO. 1117; DAN H. DIXON SURVEY,
ABSTRACT NO. 442; HEIRS OF NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229 AND
THE G.H.& H.R. RR. CO. SURVEY, ABSTRACT NO. 623, CITY OF FORT WORTH, TARRANT
COUNTY, TEXAS, AND BEING A PORTION OF THAT TRACT OF LAND DESCRIBED TO
ROCKBROOK PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILE NO.
D212104127 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND
BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD SET WITH CAP STAMPED "LJA SURVEYING"
(HEREIN AFTER REFERRED TO AS A "5/8-INCH IRON ROD SET") IN THE RIGHT-OF-WAY
OF ALEDO ROAD (A VARIABLE WIDTH RIGHT-OF-WAY) FOR THE SOUTH COMMON
CORNER OF SAID ROCKBROOK TRACT AND A TRACT OF LAND DESCRIBED TO H V
LUDIE PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILE NO.
D207134657 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE WITH THE SOUTH LINE OF SAID ROCKBROOK TRACT, GENERALLY ALONG
THE RIGHT-OF-WAY OF ALEDO ROAD, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 81°16'01" WEST, A DISTANCE OF 166.41 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 83°16'01" WEST, A DISTANCE OF 199.79 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 85°16'01" WEST, A DISTANCE OF 199.79 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 879 P01" WEST, A DISTANCE OF 199.79 FEET TO A 5/8-INCH IRON ROD
SET;
THENCE OVER AND ACROSS SAID ROCKBROOK TRACT, THE FOLLOWING COURSES
AND DISTANCES:
NORTH, A DISTANCE OF 430.12 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 61°30'00" WEST, A DISTANCE OF 820.33 FEET TO A 5/8-INCH IRON ROD
SET;
NORTH 01°20'58" EAST, A DISTANCE OF 129.06 FEET TO A 5/8-INCH IRON ROD
SET;
NORTH 20°52' 18" WEST, A DISTANCE OF 655.52 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 51°24'33" WEST, A DISTANCE OF 49.40 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 50030'38" WEST, A DISTANCE OF 140.39 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 50°30'38" WEST, A DISTANCE OF 206.25 FEET TO A 5/8-INCH IRON ROD
SET;
NORTH 4395'38" WEST, A DISTANCE OF 246.81 FEET TO A 5/8-INCH IRON ROD
SET FOR THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF
1,145.00 FEET, AND A CHORD THAT BEARS NORTH 48°32'49" WEST, 211.00 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 10°34'24", AN
ARC -DISTANCE OF 211.30 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 36009'59" WEST, A DISTANCE OF 95.00 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT, HAVING A
RADIUS OF 1,050.00 FEET, AND A CHORD THAT BEARS NORTH 54°42'40" WEST,
32.16 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 01'45' 18", AN
ARC -DISTANCE OF 32.16 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 55°35'19" WEST, A DISTANCE OF 325.90 FEET TO A 5/8-INCH IRON ROD
SET;
NORTH 55035'19" WEST, A DISTANCE OF 111.70 FEET TO A 5/8-INCH IRON ROD
SET FOR THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF
1,675.00 FEET, AND A CHORD THAT BEARS NORTH 34°20'02" WEST, 1,214.43 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 42°30'35",
AN ARC -DISTANCE OF 1,242.74 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 13°04'44" WEST, A DISTANCE OF 52.46 FEET TO A 5/8-INCH IRON ROD SET;
EAST, A DISTANCE OF 3,385.27 FEET TO A 5/8-INCH IRON ROD SET ON THE
COMMON LINE OF SAID ROCKBROOK AND H V LUDIE TRACTS;
THENCE WITH SAID COMMON LINE, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 28°31'58" EAST, A DISTANCE OF 927.45 FEET TO A 5/8-INCH IRON ROD SET, -
SOUTH 61028'02" WEST, A DISTANCE OF 1,248.67 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 28031'58" EAST, A DISTANCE OF 1,581.35 FEET TO THE POINT OF
BEGINNING AND CONTAINING A CALCULATED AREA OF 126.467 ACRES
(5,508,913 SQ. FEET), OF LAND.
Tract 4 (258.444 Acres):
BEING A TRACT OF LAND SITUATED IN THE MCKINNEY & WILLIAMS SURVEY,
ABSTRACT NO. 1117; JAMES F. ELLIOT SURVEY, ABSTRACT NO.495 AND THE G.H.& H.R.
R.R. CO. SURVEY, ABSTRACT NO. 623, CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS, AND BEING ALL THAT TRACT OF LAND DESCRIBED TO ROCKBROOK
PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILE NO. D212104127 OF
THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD FOUND ON THE EAST RIGHT-OF-WAY LINE OF
R.M. HIGHWAY NO. 2871 (A VARIABLE -WIDTH RIGHT-OF-WAY) FOR THE WESTERN-
MOST NORTHWEST CORNER OF SAID ROCKBROOK TRACT;
THENCE NORTH 37050'50" EAST, WITH SAID EAST RIGHT-OF-WAY LINE, A DISTANCE
OF 190.19 FEET TO A 5/8-INCH IRON ROD FOUND ON THE SOUTH RIGHT-OF-WAY LINE
OF INTERSTATE HIGHWAY NO.20 (A VARIABLE -WIDTH RIGHT-OF-WAY);
THENCE WITH SAID SOUTH RIGHT-OF-WAY LINE, THE FOLLOWING COURSES AND
DISTANCES:
NORTH 84°23' 12" EAST, A DISTANCE OF 479.03 FEET TO A TXDOT MONUMENT
FOUND;
NORTH 79°42' 12" EAST, A DISTANCE OF 484.19 FEET TO A TXDOT MONUMENT
FOUND;
NORTH 78040' 12" EAST, A DISTANCE OF 564.65 FEET TO A TXDOT MONUMENT
FOUND;
NORTH 76°25' 12" EAST, A DISTANCE OF 650.69 FEET TO A TXDOT MONUMENT
FOUND;
NORTH 76002' 12" EAST, A DISTANCE OF 1,515.45 FEET TO A 5/8-INCH IRON ROD
SET WITH CAP STAMPED "LJA SURVEYING" (HEREIN AFTER REFERRED TO AS A
"5/8-INCH IRON ROD SET");
SOUTH 84040'48" EAST, A DISTANCE OF 105.94 FEET TO A TXDOT MONUMENT
FOUND;
NORTH 76°05'00" EAST, A DISTANCE OF 579.82 FEET TO A TXDOT MONUMENT
FOUND;
SOUTH 27°40'00" EAST, A DISTANCE OF 161.05 FEET TO A TXDOT MONUMENT
FOUND;
NORTH 61°28'02" EAST, A DISTANCE OF 39.96 FEET TO A 5/8-INCH IRON ROD SET
FOR THE NORTH COMMON CORNER OF SAID ROCKBROOK TRACT AND A TRACT
OF LAND DESCRIBED TO H V LUDIE PARTNERSHIP, LTD. BY DEED RECORDED
IN COUNTY CLERK FILE NO. D207134657 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE WITH THE COMMON LINE OF SAID ROCKBROOK AND H V LUDIE TRACTS, THE
FOLLOWING COURSES AND DISTANCES:
SOUTH 28'31' 58" EAST, A DISTANCE OF 656.01 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 61°28'02" WEST, A DISTANCE OF 1,598.30 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 28°31'58" EAST, A DISTANCE OF 2,112.59 FEET TO A 5/8-INCH IRON ROD
SET;
THENCE OVER AND ACROSS SAID ROCKBROOK TRACT THE FOLLOWING COURSES
AND DISTANCES:
WEST, A DISTANCE OF 3,385.27 FEET TO A 5/8-INCH IRON ROD SET;
THENCE NORTH 13°04'44" WEST, A DISTANCE OF 219.82 FEET TO A 5/8-INCH IRON
ROD SET;
SOUTH 76°55' 16" WEST, A DISTANCE OF 31.44 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 725.00
FEET AND A CHORD THAT BEARS SOUTH 89.18' 12" WEST, 310.93 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 24°45'52",
AN ARC -DISTANCE OF 313.36 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 78'18'52" WEST, A DISTANCE OF 17.16 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 775.00
FEET AND A CHORD THAT BEARS NORTH 88°37'50" WEST, 277.57 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 20°37'56", AN
ARC -DISTANCE OF 279.08 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 81 °03' 12" WEST, A DISTANCE OF 111.83 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 725.00
FEET AND A CHORD THAT BEARS SOUTH 85021'31" WEST, 108.85 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 08°36'38",
AN ARC -DISTANCE OF 108.96 FEET TO A 5/9-INCH IRON ROD SET;
SOUTH 89°39'50" WEST, A DISTANCE OF 121.01 FEET TO A 5/8-INCH IRON ROD SET
ON THE EAST RIGHT-OF-WAY LINE OF SAID R.M. HIGHWAY NO. 2871;
THENCE NORTH 00°20'10" WEST, A DISTANCE OF 2,090.34 FEET TO THE POINT OF
BEGINNING AND CONTAINING A CALCULATED AREA OF 258.444 ACRES (11,257,820 SQ.
FEET), OF LAND.
PMB Team Ranch Devco LLC PCODerty (93.857 Acres
BEING A TRACT OF LAND SITUATED IN THE DAN H. DIXON SURVEY, ABSTRACT NO.
442; HEIRS OF NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229 AND THE G.H.& H.R.
RR. CO. SURVEY, ABSTRACT NO. 623, CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS, AND BEING A PORTION OF THAT TRACT OF LAND DESCRIBED TO ROCKBROOK
PARTNERSHIP, LTD. BY DEED RECORDED IN COUNTY CLERK FILE NO. D212104127 OF
THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 518-INCH IRON ROD SET WITH CAP STAMPED "L7A SURVEYING"
(HEREIN AFTER REFERRED TO AS A "5/8-INCH IRON ROD SET") ON THE EAST RIGHT-
OF-WAY LINE OF R.M. HIGHWAY NO.2871(A VARIABLE -WIDTH RIGHT-OF-WAY), FROM
WHICH A 5/8-INCH IRON ROD FOUND FOR THE WESTERN -MOST NORTHWEST CORNER
OF SAID ROCKBROOK TRACT BEARS NORTH 00020' 10" WEST, 2090.34 FEET;
THENCE OVER AND ACROSS SAID ROCKBROOK TRACT THE FOLLOWING COURSES
AND DISTANCES:
NORTH 89°39'50" EAST, A DISTANCE OF 121.01 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 725.00
FEET AND A CHORD THAT BEARS NORTH 85°21'31" EAST, 108.85 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 08°36'38", AN
ARC -DISTANCE OF 108.96 FEET TO A 518-INCH IRON ROD SET;
NORTH 81'03' 12" EAST, A DISTANCE OF 111.83 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 775.00
FEET AND A CHORD THAT BEARS SOUTH 88°37'50" EAST, 277.57 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 20°37'56",
AN ARC -DISTANCE OF 279.08 FEET TO A 5/8-INCH IRON ROD SET, -
SOUTH 78°18'52" EAST, A DISTANCE OF 17.16 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 725.00
FEET AND A CHORD THAT BEARS NORTH 89'18' 12" EAST, 310.93 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 24°45'52", AN
ARC -DISTANCE OF 313.36 FEET TO A 518-INCH IRON ROD SET;
NORTH 76055' 16" EAST, A DISTANCE OF 31.44 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 13004'44" EAST, A DISTANCE OF 272.28 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 1,675.00
FEET AND A CHORD THAT BEARS SOUTH 34°20'02" EAST, 1,214.43 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 42°30'35", AN
ARC -DISTANCE OF 1,242.74 FEET TO A 5/8-INCH IRON ROD SET, -
SOUTH 55035' 19" EAST, A DISTANCE OF 437.61 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 1,050.00
FEET AND A CHORD THAT BEARS SOUTH 54042'40" EAST, 32.16 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 01-45'18",
AN ARC -DISTANCE OF 32.16 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 36009'59" EAST, A DISTANCE OF 95.00 FEET TO A 518-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A
RADIUS OF 1,145.00 FEET AND A CHORD THAT BEARS SOUTH 48-32'49" EAST,
211.00 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 10°34'24",
AN ARC -DISTANCE OF 211.30 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 43°15'38" EAST, A DISTANCE OF 246.81 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 50'30'38" EAST, A DISTANCE OF 346.65 FEET TO A 5/8-INCH TRON ROD
SET;
NORTH 51024'33" EAST, A DISTANCE OF 49.40 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 20'52' 18" EAST, A DISTANCE OF 655.52 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 01020'58" WEST, A DISTANCE OF 129.06 FEET TO A 518-INCH IRON ROD
SET;
SOUTH 61 °30'00" EAST, A DISTANCE OF 820.33 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH A DISTANCE OF 430.12 FEET TO A MAG-NAIL SET ON THE SOUTH LINE OF
SAID ROCKBROOK TRACT IN THE RIGHT-OF-WAY OF ALEDO ROAD (A
VARIABLE WIDTH RIGHT-OF-WAY);
THENCE ALONG SAID RIGHT-OF-WAY AND WITH SAID SOUTH LINE, THE FOLLOWING
COURSES AND DISTANCES:
SOUTH 89°16'01" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET;
NORTH 88028'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET;
NORTH 86028'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET;
NORTH 84°28'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET;
NORTH 82°58'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET;
NORTH 82-43'59" WEST, A DISTANCE OF 1,616.86 FEET TO A MAG-NAIL SET, -
THENCE OVER AND ACROSS SAID ROCKBROOK TRACT THE FOLLOWING COURSES
AND DISTANCES:
NORTH 07°53'24" EAST, A DISTANCE OF 176.83 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 2,525.00
FEET AND A CHORD THAT BEARS NORTH 14023'46" EAST, 572.22 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 13°00'45",
AN ARC -DISTANCE OF 573.45 FEET TO A 5/8-INCH IRON ROD SET FOR THE
BEGINNING OF A REVERSE CURVE TO THE LEFT HAVING A RADIUS OF 345.00
FEET AND A CHORD THAT BEARS NORTH 83000'53" WEST, 87.84 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 14°37'38", AN
ARC -DISTANCE OF 88.08 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 89040'18" WEST, A DISTANCE OF 564.89 FEET TO A 5/8-INCH IRON ROD
SET;
NORTH 00'20' 10" WEST, PASSING THE SOUTHEAST CORNER OF A TRACT OF
LAND DESCRIBED TO FORT WORTH INDEPENDENT SCHOOL DISTRICT BY DEED
RECORDED IN COUNTY CLERK FILE NO. D219293163 OF SAID OFFICIAL PUBLIC
RECORDS AT 15.09 FEET AND THE NORTHEAST CORNER OF SAME TRACT AT
1015.09 FEET, AND CONTINUING A TOTAL DISTANCE OF 1,065.09 FEET TO A 5/8-
INCH IRON ROD SET;
NORTH 89°36'29" EAST, A DISTANCE OF 47.53 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT HAVING A
RADIUS OF 275.00 FEET AND A CHORD THAT BEARS NORTH 73°08' 18" EAST,
146.75 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 30°56'58", AN
ARC -DISTANCE OF 148.55 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 57°39'49" EAST, A DISTANCE OF 375.64 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A
RADIUS OF 1,750.00 FEET AND A CHORD THAT BEARS NORTH 26°24'58" WEST,
261.39 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 08°33'58",
AN ARC -DISTANCE OF 261.64 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 57°39'49" WEST, A DISTANCE OF 25.40 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A
RADIUS OF 1,775.00 FEET AND A CHORD THAT BEARS NORTH 17°40'43" WEST,
284.69 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 09-11'58",
AN ARC -DISTANCE OF 285.00 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 13004'44" WEST, A DISTANCE OF 112.28 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 76°55' 16" WEST, A DISTANCE OF 132.30 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 775.00
FEET AND A CHORD THAT BEARS SOUTH 86°13'56" WEST, 250.78 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 18°37'20",
AN ARC -DISTANCE OF 251.89 FEET TO A 5/8-INCH IRON ROD SET;
NORTH 84'27'24" WEST, A DISTANCE OF 354.00 FEET TO A 5/8-INCH IRON ROD
SET FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 775.00
FEET AND A CHORD THAT BEARS NORTH 87'23'47" WEST, 79.49 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 05°52'46", AN
ARC -DISTANCE OF 79.53 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 89039'50" WEST, A DISTANCE OF 102.79 FEET TO A 5/8-INCH IRON ROD SET
ON THE EAST RIGHT-OF-WAY LINE OF SAID R.M. HIGHWAY NO.2871;
THENCE NORTH 00°20'10" WEST, WITH SAID EAST RIGHT-OF-WAY LINE, A DISTANCE
OF 160.00 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA
OF 93.857 ACRES (4,088,425 SQ. FEET), OF LAND.
PMB Veale Land Investors 1 LP Property (199.816 Acres)
BEING A 199.816-ACRE TRACT OF LAND SITUATED IN THE S.A.& M.G.R.R. CO. SURVEY,
ABSTRACT NOS. 1479, 1903 & 1961, TARRANT COUNTY, TEXAS, AND BEING A PORTION
OF TRACT DESCRIBED TO IONA LAND L.P., ET AL BY DEED RECORDED IN COUNTY
CLERK FILE NO. D203145630 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY,
TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS
FOLLOWS:
BEGINNING AT A 5/8-INCH CAPPED IRON ROD STAMPED "LJA SURVEY" SET
(HEREINAFTER REFFERED TO AS AN IRON ROD SET) FOR CORNER ON THE EASTERLY
LINE OF SAID IONA LAND TRACT, FROM WHICH A 1-INCH IRON ROD FOUND FOR
REENTRANT CORNER OF SAME BEARS NORTH 00032'23" WEST, 1,179.42 FEET, SAID
REFERENCED CORNER BEING THE NORTHWEST CORNER OF A TRACT OF LAND
DESCRIBED TO MERITAGE HOMES OF TEXAS, LLC BY DEED RECORDED IN COUNTY
CLERK FILE NO. D218276312 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 0092'23" EAST, WITH SAID EASTERLY LINE, A DISTANCE OF 3,108.51
FEET TO AN IRON ROD SET FOR CORNER, FROM WHICH A 1-INCH IRON ROD FOUND
FOR THE EASTERNMOST SOUTHEAST CORNER OF SAID IONA LAND TRACT BEARS
SOUTH 00032'23" EAST, 2,633.31 FEET;
THENCE DEPARTING SAID EASTERLY LINE, OVER AND ACROSS SAID IONA LAND
TRACT, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 60058'38" WEST, A DISTANCE OF 1,652.39 FEET TO AN IRON ROD SET;
NORTH 32051'50" WEST, A DISTANCE OF 288.61 FEET TO AN IRON ROD SET;
NORTH 70059'09" WEST, A DISTANCE OF 1,150.43 FEET TO AN IRON ROD SET;
NORTH 12°05'12" WEST, A DISTANCE OF 1,072.30 FEET TO AN IRON ROD SET FOR THE
BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 3,740.45
FEET AND A CHORD THAT BEARS NORTH 68°52'37" EAST, 597.00 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 9.09' 16", AN ARC -
DISTANCE OF 597.64 FEET TO AN IRON ROD SET;
NORTH 15035'22" WEST, A DISTANCE OF 71.72 FEET TO AN IRON ROD SET FOR THE
BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 1,470.18
FEET AND A CHORD THAT BEARS NORTH 01 °42' 10" EAST, 836.77 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 33°04'03", AN ARC -
DISTANCE OF 848.49 FEET TO AN IRON ROD SET;
NORTH 18014' 11" EAST, A DISTANCE OF 570.35 FEET TO AN IRON ROD SET;
NORTH A DISTANCE OF 565.15 FEET TO AN IRON ROD SET;
NORTH 89'33'04" EAST, A DISTANCE OF 2,143.52 FEET TO THE POINT OF BEGINNING,
AND CONTAINING A CALCULATED AREA OF 199.816 ACRES (8,704,001 SQ. FEET) OF
LAND.
TRT Land Investors LLC Property (3.525.526 Acres)
BEING A 3590.912-ACRE TRACT OF LAND SITUATED IN THE NATHAN PROCTOR
SURVEY, ABSTRACT NO. 1229, OR & H. RR. CO. SURVEY, ABSTRACT NO. 623, DAVID H.
DIXON SURVEY, ABSTRACT NO.442, S.F. CO. SURVEY, ABSTRACT NO. 1844, D.T. FINLEY
SURVEY, ABSTRACT NO. 1900, S.A. & M.G. RR. CO. SURVEY, ABSTRACT NOS. 1479, 1903
& 1961, T. & N.O. RR CO. SURVEY, ABSTRACT NO. 1567, HENRY LANE SURVEY,
ABSTRACT NO. 928, AND THE WILLIAM ROBINSON SURVEY, ABSTRACT NO. 1274,
TARRANT COUNTY, TEXAS AND THE WILLIAM ROBINSON SURVEY, ABSTRACT NO.
1107, I. & G.N. RR CO. SURVEY, ABSTRACT NOS. 1991, 2224 & 2002, NORMAN
UNDERWOOD SURVEY, ABSTRACT NO. 1579 AND THE H. T. & B. RR. CO. SURVEY,
ABSTRACT NO. 648, PARKER COUNTY, TEXAS, AND BEING A PORTION OF A TRACT
DESCRIBED TO IONA LAND L.P., ET AL BY DEED RECORDED IN COUNTY CLERK FILE
NO. D203145633 OF THE OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS
(O.P.R.T.C.T.), AND A PORTION OF A TRACT DESCRIBED TO IONA EAST, LLC BY DEEDS
RECORDED IN COUNTY CLERK FILE NOS. D215081239 AND D215081241, O.P.R.T.C.T. AND
ALL OF THOSE TRACTS OF LAND DESCRIBED TO WARD G. VEALE BY DEED RECORDED
IN COUNTY CLERK FILE NOS. D207177762 AND D220247526, O.P.R.T.C.T. AND ALL OF
THAT TRACT OF LAND DESCRIBED TO IONA LAND L.P. BY DEED RECORDED IN
COUNTY CLERK FILE NO. D205124001, O.P.R.T.C.T., AND ALL OF THOSE TRACTS OF
LAND DESCRIBED TO DAVID VEALE EKSTROM BY DEED RECORDED IN COUNTY
CLERK FILE NOS. D205124000 AND D210289114, O.P.R.T.C.T., AND ALL OF THAT TRACT
OF LAND DESCRIBED TO LUCILLE EKSTROM BY DEED RECORDED IN COUNTY CLERK
FILE NO. D205124002, O.P.R.T.C.T., AND ALL OF LOTS 1 AND 2, BLOCK 1, VENTANA PUMP
STATION ADDITION AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO.
D217023262, O.P.R.T.C.T. AND ALL THAT TRACT OF LAND DESCRIBED TO KAREN
EKSTROM BROWN BY DEED RECORDED IN VOLUME 2776, PAGE 1201 OF THE OFFICIAL
PUBLIC RECORDS OF PARKER COUNTY, TEXAS (O.P.R.P.C.T.) AND ALL THAT TRACT OF
LAND DESCRIBED TO SHAILAR W. BROWN BY DEED RECORDED IN VOLUME 2705,
PAGE 904, O.P.R.P.C.T., AND BEING MORE PARTICULARLY DESCRIBED BY METES AND
BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD FOUND AT THE INTERSECTION OF THE WEST
RIGHT-OF-WAY LINE OF FARM TO MARKET 2871(A VARIABLE WIDTH RIGHT-OF-WAY)
AND THE SOUTH RIGHT-OF-WAY LINE OF THE UNION PACIFIC RAILROAD (A
VARIABLE WIDTH RIGHT-OF-WAY) FOR THE NORTHEAST CORNER OF SAID IONA EAST
TRACT AND THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT, HAVING A
RADIUS OF 2,416.83 FEET, AND A CHORD THAT BEARS SOUTH 11°35'04" EAST, 945.85
FEET;
THENCE WITH SAID CURVE TO THE LEFT AND WEST RIGHT-OF-WAY LINE, THROUGH
A CENTRAL ANGLE OF 22°34'08", AN ARC -DISTANCE OF 951.99 FEET TO A 1/2-INCH
CAPPED IRON ROD FOUND STAMPED "LANDES ASSOCIATES" FOR THE NORTH CORNER
OF LOT 1, BLOCK 1, BENBROOK CHRISTIAN FELLOWSHIP SUBDIVISION, AN ADDITION
TO THE CITY OF FORT WORTH, TEXAS AS SHOWN BY PLAT RECORDED IN COUNTY
CLERK FILE NO. D205347812 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE WITH THE NORTHWESTERLY LINE OF SAID BENBROOK CHRISTIAN
FELLOWSHIP ADDITION, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 64027'52" WEST, A DISTANCE OF 475.19 FEET TO A BENT 1/2-INCH IRON
ROD FOUND;
SOUTH 47056'03" WEST, A DISTANCE OF 221.98 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "WIERASSOCIATES" FOUND;
SOUTH 31 °20'39" WEST, A DISTANCE OF 625.38 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "WIER ASSOCIATES" FOUND FOR THE SOUTHWEST CORNER OF
SAID BENBROOK CHRISTIAN FELLOWSHIP ADDITION ON THE NORTH LINE OF
LOT 1, BLOCK 1, BENBROOK WATER AND SEWER AUTHORITY TANK SITE, AS
SHOWN BY PLAT RECORDED IN CABINET A, SLIDE 4324 OF SAID OFFICIAL
PUBLIC RECORDS;
THENCE SOUTH 89038'34" WEST, WITH SAID NORTH LINE, A DISTANCE OF 597.69 FEET
TO A 518-INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID BENBROOK
WATER AND SEWER AUTHORITY TANK SITE;
THENCE SOUTH 01036'11" WEST, WITH THE WEST LINE OF SAID BENBROOK WATER
AND SEWER AUTHORITY TANK SITE, A DISTANCE OF 8.87 FEET TO A 1/2-INCH IRON
ROD FOUND FOR THE NORTHEAST CORNER OF LOT 3IX, BLOCK 8, VENTANA, PHASE 1
AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D217078339 OF SAID
OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 89026'43" WEST, WITH THE EASTERLY LINE OF SAID IONA LAND L.P.,
ET AL TRACT, A DISTANCE OF 3,712.76 FEET TO A 1-INCH IRON ROD FOUND FOR
REENTRANT CORNER AT THE NORTHWEST CORNER OF A TRACT OF LAND DESCRIBED
TO MERITAGE HOMES OF TEXAS, LLC BY DEED RECORDED IN COUNTY CLERK FILE
NO. D218276312 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 00'32'23" EAST, CONTINUING WITH THE EASTERLY LINE OF SAID IONA
LAND TRACT, A DISTANCE OF 1,179.42 FEET TO A 5/8-INCH CAPPED IRON ROD
STAMPED "LJA SURVEY" SET (HEREINAFTER REFFERED TO AS AN IRON ROD SET);
THENCE DEPARTING SAID EASTERLY LINE, OVER AND ACROSS SAID IONA LAND
TRACT, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 89033'04" WEST, A DISTANCE OF 2,143.52 FEET TO AN IRON ROD SET;
SOUTH A DISTANCE OF 565.15 FEET TO AN IRON ROD SET;
SOUTH 18'14'11" WEST, A DISTANCE OF 570.35 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 1,470.18 FEET,
AND A CHORD THAT BEARS SOUTH 01°42' 10" WEST, 836.77 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 33°04'03", AN
ARC -DISTANCE OF 848.49 FEET;
SOUTH 15'35'22" EAST, A DISTANCE OF 71.72 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT, HAVING A RADIUS
OF 3,740.45 FEET, AND A CHORD THAT BEARS SOUTH 68°52'37" WEST, 597.00
FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 09.09' 16", AN
ARC -DISTANCE OF 597.64 FEET TO AN IRON ROD SET;
SOUTH 12°05' 12" EAST, A DISTANCE OF 1,072.30 FEET TO AN IRON ROD SET;
SOUTH 70c59'09" EAST, A DISTANCE OF 1,150.43 FEET TO AN IRON ROD SET;
SOUTH 32051'50" EAST, A DISTANCE OF 288.61 FEET TO AN IRON ROD SET;
NORTH 60°58'38" EAST, A DISTANCE OF 1,652.39 FEET TO AN IRON ROD SET ON
THE EASTERLY LINE OF SAID IONA LAND TRACT;
THENCE SOUTH 00032'23" EAST, WITH SAID EASTERLY LINE, A DISTANCE OF 2,633.31
FEET TO A 1-INCH IRON ROD FOUND FOR THE EASTERNMOST SOUTHEAST CORNER OF
SAID IONA LAND TRACT, SAME BEING A REENTRANT CORNER FOR A TRACT OF LAND
DESCRIBED TO JOHNNY VINSON II AS RECORDED IN COUNTY CLERK FILE NO
D204159103 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 89027'40" WEST, CONTINUING WITH SAID EASTERLY LINE, A
DISTANCE OF 3,180.00 FEET TO A 1-INCH IRON ROD FOUND FOR REENTRANT CORNER
- OF SAID IONA LAND TRACT;
THENCE SOUTH 00°32' 15" EAST, CONTINUING WITH SAID EASTERLY LINE, A DISTANCE
OF 3,557.84 FEET TO AN IRON ROD SET FOR THE SOUTHERNMOST SOUTHEAST CORNER
OF SAID IONA LAND TRACT, FROM WHICH A 60D NAIL BEARS NORTH 19°35'22" EAST,
A DISTANCE OF 1.71 FEET;
THENCE SOUTH 89'26' 13" WEST, WITH THE SOUTH LINE OF SAID IONA LAND TRACT, A
DISTANCE OF 5,819.66 FEET TO AN IRON ROD SET FOR THE SOUTHERNMOST
SOUTHWEST CORNER OF SAME, FROM WHICH A 1/2-INCH IRON ROD FOUND BEARS
NORTH 02°46'29" EAST, A DISTANCE OF 3.02 FEET;
THENCE NORTH 00033' 18" WEST, WITH THE WESTERLY LINE OF SAID IONA LAND
TRACT, A DISTANCE OF 2,872.90 FEET TO A 1-INCH PIPE FOUND FOR THE NORTHEAST
CORNER OF A TRACT OF LAND DESCRIBED TO HANLEY FAMILY PARTNERSHIP AS
RECORDED IN COUNTY CLERK FILE NO. D220100054 OF SAID OFFICIAL PUBLIC
RECORDS;
THENCE NORTH 89043'19" WEST, WITH THE NORTH LINE OF SAID HANLEY FAMILY
TRACT, A DISTANCE OF 1,328.61 FEET TO AN IRON ROD SET FROM WHICH A 60D NAIL
FOUND BEARS SOUTH 34° 13'58" EAST, A DISTANCE OF 1.63 FEET;
THENCE WITH THE WESTERLY LINE OF SAID IONA LAND TRACT, THE FOLLOWING
COURSES AND DISTANCES:
NORTH 34°13'58" WEST, A DISTANCE OF 567.75 FEET TO AN IRON ROD SET;
NORTH 34003' 18" WEST, A DISTANCE OF 420.48 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "MIZELL RPLS 1967" FOUND;
NORTH 34003' 13" WEST, A DISTANCE OF 484.20 FEET TO AN IRON ROD SET, FROM
WHICH A 60D NAIL FOUND BEARS SOUTH 43047'30" EAST, A DISTANCE OF 1.87
FEET;
NORTH 34004'06" WEST, A DISTANCE OF 418.59 FEET TO A 1/2-INCH IRON ROD
FOUND;
NORTH 34011'41" WEST, A DISTANCE OF 290.03 FEET A 3-INCH METAL POST;
NORTH 33056' 19" WEST, A DISTANCE OF 379.09 FEET TO A 1/2-INCH IRON ROD
FOUND;
NORTH 34°06'04" WEST, A DISTANCE OF 709.55 FEET TO AN IRON ROD SET;
NORTH 34°04'39" WEST, A DISTANCE OF 607.03 FEET TO AN IRON ROD SET;
NORTH 34006'04" WEST, A DISTANCE OF 316.07 FEET TO AN IRON ROD SET;
NORTH 34°16'07" WEST, A DISTANCE OF 402.25 FEET TO A 3-INCH METAL POST
FOUND;
NORTH 81 °29'44" WEST, A DISTANCE OF 1,026.51 FEET TO AN IRON ROD SET;
NORTH 83°10' 17" WEST, A DISTANCE OF 459.57 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "OWEN 5560" FOUND;
THENCE OVER AND ACROSS SAID IONA LAND L.P. TRACT THE FOLLOWING COURSES
AND DISTANCES:
NORTH 00°00'16" WEST, A DISTANCE OF 1,969.55 FEET TO A 1/2-INCH CAPPED
IRON ROD STAMPED "OWEN 5560" FOUND;
NORTH 34°04'06" WEST, A DISTANCE OF 605.90 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "OWEN 5560" FOUND;
NORTH 89°58'35" WEST, A DISTANCE OF 1,240.06 FEET TO A 1/2-INCH CAPPED
IRON ROD STAMPED "OWEN 5560" FOUND;
SOUTH 24°30'44" WEST, A DISTANCE OF 1,362.18 FEET TO AN IRON ROD SET;
NORTH 89°59'22" WEST, A DISTANCE OF 635.96 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "OWEN 5560" FOUND ON THE EAST RIGHT-OF-WAY LINE OF
FARM TO MARKET ROAD NO. 1187 (A VARIABLE WIDTH RIGHT-OF-WAY);
THENCE NORTH 00°47'32" EAST, WITH SAID EAST RIGHT OF WAY LINE, A DISTANCE OF
2,050.06 FEET TO AN IRON ROD SET ON THE SOUTHERLY RIGHT-OF-WAY LINE OF
ALEDO ROAD (A VARIABLE WIDTH RIGHT-OF-WAY);
THENCE .WITH SAID SOUTHERLY RIGHT-OF-WAY LINE, THE FOLLOWING COURSES
AND DISTANCES:
NORTH 33011'53" EAST, A DISTANCE OF 1,753.87 FEET TO AN IRON ROD SET;
NORTH 36°53'30" EAST, A DISTANCE OF 812.93 FEET TO A METAL FENCE POST;
NORTH 57°21'43" EAST, A DISTANCE OF 970.51 FEET TO A METAL FENCE POST;
NORTH 77°44'53" EAST, A DISTANCE OF 434.70 FEET TO METAL FENCE POST;
NORTH 85044'54" EAST, A DISTANCE OF 448.88 FEET TO A METAL FENCE POST;
NORTH 77010'02" EAST, A DISTANCE OF 621.95 FEET TO A METAL FENCE POST, -
NORTH 84°37'35" EAST, A DISTANCE OF 850.23 FEET TO AN IRON ROD SET;
SOUTH 86°35'55" EAST, A DISTANCE OF 58.49 FEET TO AN IRON ROD SET;
NORTH 84016'48" EAST, A DISTANCE OF 1,593.42 FEET TO A METAL FENCE POST;
NORTH 84012'06" EAST, A DISTANCE OF 1,463.51 FEET TO A CEDAR FENCE POST;
NORTH 84'25' 11" EAST, A DISTANCE OF 377.44 FEET TO A CEDAR FENCE POST;
NORTH 84'19'22" EAST, A DISTANCE OF 378.52 FEET TO AN IRON ROD SET;
NORTH 86'52' 18" EAST, A DISTANCE OF 261.07 FEET TO AN IRON ROD SET;
SOUTH 88°15'14" EAST, A DISTANCE OF 212.80 FEET TO AN IRON ROD SET;
SOUTH 84°02'34" EAST, A DISTANCE OF 189.06 FEET TO AN IRON ROD SET;
SOUTH 80°24'03" EAST, A DISTANCE OF 724.34 FEET TO AN IRON ROD SET;
NORTH 09038'28" EAST, A DISTANCE OF 41.36 FEET TO AN IRON ROD SET;
SOUTH 80°21'32" EAST, A DISTANCE OF 549.54 FEET TO AN IRON ROD SET;
SOUTH 00031'37" EAST, A DISTANCE OF 25.40 FEET TO AN IRON ROD SET;
SOUTH 80021'32" EAST, A DISTANCE OF 2,000.05 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF 1,716.18
FEET, AND A CHORD THAT BEARS SOUTH 67°33'41" EAST, 760.29 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 25°35'42",
AN ARC -DISTANCE OF 766.65 FEET TO AN IRON ROD SET, -
SOUTH 54045'50" EAST, A DISTANCE OF 411.69 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 2,050.74 FEET,
AND A CHORD THAT BEARS SOUTH 70035'55" EAST, 1,119.15 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 31'40' 10", AN
ARC -DISTANCE OF 1,133.52 FEET TO AN IRON ROD SET;
SOUTH 86°26'00" EAST, A DISTANCE OF 2,213.89 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 2,041.14 FEET,
AND A CHORD THAT BEARS SOUTH 89-08'09" EAST, 192.48 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 05.24' 18", AN
ARC -DISTANCE OF 192.55 FEET TO AN IRON ROD SET;
NORTH 00033'50" WEST, A DISTANCE OF 25.01 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 2,016.12 FEET,
AND A CHORD THAT BEARS NORTH 79°56'54" EAST, 574.95 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 16°23'43", AN
ARC -DISTANCE OF 576.91 FEET TO AN IRON ROD SET, FROM WHICH A CROSS -
TIE BEARS SOUTH 61 °49'22" EAST, A DISTANCE OF 2.52 FEET;
SOUTH 18014'57" EAST, A DISTANCE OF 50.01 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 2,066.13 FEET,
AND A CHORD THAT BEARS NORTH 68°26'25" EAST, 238.63 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 06.37' 16", AN
ARC -DISTANCE OF 238.76 FEET TO AN IRON ROD SET;
NORTH 65°08'05" EAST, A DISTANCE OF 460.57 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF 3,192.48
FEET, AND A CHORD THAT BEARS NORTH 72°13'49" EAST, 788.70 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 14-11'28",
AN ARC -DISTANCE OF 790.72 FEET TO AN IRON ROD SET;
NORTH 12°07'40" WEST, A DISTANCE OF 50.01 FEET TO AN IRON ROD SET;
NORTH 78°27'48" EAST, A DISTANCE OF 83.77 FEET TO AN IRON ROD SET FOR
THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A RADIUS OF 4,493.42
FEET, AND A CHORD THAT BEARS NORTH 88°43'36" EAST, 1,601.21 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 20-31'36",
AN ARC -DISTANCE OF 1,609.81 FEET TO AN IRON ROD SET FOR THE BEGINNING
OF A CURVE TO THE LEFT, HAVING A RADIUS OF 6,276.42 FEET, AND A CHORD
THAT BEARS SOUTH 82°17'37" EAST, 281.19 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 02°34'01", AN
ARC -DISTANCE OF 281.21 FEET;
SOUTH 82'07'07" EAST, A DISTANCE OF 1,350.40 FEET TO THE POINT OF
BEGINNING AND CONTAINING A CALCULATED AREA OF 3,590.912 ACRES
(156,420,144 SQ. FEET) OF LAND (GROSS).
SAVE AND EXCEPT THAT 6.783-ACRE PORTION OF THE SUBJECT TRACT THAT LIES
WITHIN VEALE RANCH PARKWAY, A 110-FOOT-WIDE RIGHT-OF-WAY AS DEDICATED
BY DOCUMENT RECORDED IN COUNTY CLERK FILE NO. D217021025, O.P.R.T.C.T., FOR
A NET CALCULATED AREA OF 3,584.129-ACRES OF LAND.
SAVE AND EXCEPT
BEING 58.603 ACRES OF LAND SITUATED IN THE DAVID H. DIXON SURVEY, ABSTRACT
NO. 442, G.H. & H. RR. CO. SURVEY, ABSTRACT NO. 623, D.T. FINLEY SURVEY,
ABSTRACT NO. 1900, AND THE NATHAN PROCTOR SURVEY, ABSTRACT NO. 1229,
TARRANT COUNTY, TEXAS, AND BEING A PORTION OF A TRACT OF LAND DESCRIBED
TO TRT LAND INVESTORS, LLC AS RECORDED IN COUNTY CLERKS FILE NO.
D221245221, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY TEXAS, AND BEING
MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF SAID
TRT LAND TRACT ON THE WESTERLY RIGHT-OF-WAY LINE OF R.M. HIGHWAY NO.2871
(A VARIABLE WIDTH RIGHT-OF-WAY) FOR THE BEGINNING OF A CURVE TO THE LEFT
HAVING A RADIUS OF 2416.83 FEET AND A CHORD THAT BEARS SOUTH 11 *35'04" EAST,
945.85 FEET;
THENCE WITH SAID WESTERLY RIGHT-OF-WAY LINE AND SAID CURVE TO THE LEFT,
THROUGH A CENTRAL ANGLE OF 22°34'08", AN ARC -DISTANCE OF 951.99 FEET TO A
1/2-INCH CAPPED IRON ROD STAMPED "LANDES ASSOCIATES" FOUND FOR THE
NORTHERNMOST CORNER OF LOT 1, BLOCK 1, BENBROOK CHRISTIAN FELLOWSHIP
SUBDIVISION, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY,
TEXAS BY PLAT RECORDED IN COUNTY CLERK FILE NO_ D205347812 OF SAID OFFICIAL
PUBLIC RECORDS;
THENCE WITH THE NORTHWESTERLY LINE OF SAID BENBROOK CHRISTIAN
FELLOWSHIP SUBDIVISION, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 64°27'52" WEST, A DISTANCE OF 475.19 FEET TO A 1/2-INCH IRON ROD
FOUND;
SOUTH 47°56'03" WEST, A DISTANCE OF 221.98 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "WIER ASSOCIATES" FOUND;
SOUTH 31 °20'39" WEST, A DISTANCE OF 625.38 FEET TO A 1/2-INCH CAPPED IRON
ROD STAMPED "WIER ASSOCIATES" FOUND FOR THE SOUTHWEST CORNER OF
SAID BENBROOK CHRISTIAN FELLOWSHIP SUBDIVISION ON THE NORTH LINE
OF LOT 1, BLOCK 1, BENBROOK WATER AND SEWER AUTHORITY TANK SITE, AN
ADDITION TO THE CITY OF BENBROOK, TARRANT COUNTY, TEXAS BY PLAT
RECORDED IN CABINET A, SLIDE 4324 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 89038'34" WEST, WITH SAID NORTH LINE, A DISTANCE OF 597.69 FEET
TO A 5/8-INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID BENBROOK
WATER AND SEWER AUTHORITY TANK SITE;
THENCE SOUTH 01'36'11" WEST, WITH THE WEST LINE OF SAID BENBROOK WATER
AND SEWER AUTHORITY TANK SITE, A DISTANCE OF 8.87 FEET TO A 1/2-INCH IRON
ROD FOUND FOR THE NORTHEAST CORNER OF LOT 31X, BLOCK 8, VENTANA, AN
ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS SHOWN BY
PLAT RECORDED IN COUNTY CLERK FILE NO_ D217078339 OF SAID OFFICIAL PUBLIC
RECORDS;
THENCE SOUTH 89°26'43" WEST, WITH THE NORTH LINE OF SAID VENTANA ADDITION,
A DISTANCE OF 649.00 FEET;
THENCE OVER AND ACROSS SAID TRT LAND TRACT, THE FOLLOWING COURSES AND
DISTANCES;
NORTH 01°22'48" WEST, A DISTANCE OF 888.51 FEET, -
NORTH 89°16'44" EAST, A DISTANCE OF 669.38 FEET;
NORTH 00021'24" EAST, A DISTANCE OF 1119.32 FEET TO THE NORTH LINE OF
SAID TRT LAND TRACT;
THENCE SOUTH 82°07'07" EAST, WITH SAID NORTH LINE, A DISTANCE OF 1333.53 FEET
TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA 64.680 ACRES
(2,817,481 SQUARE FEET) SAVE AND EXCEPT THAT 6.077 ACRES THAT LIES WITHIN
VEALE RANCH PARKWAY (A 110-FOOT-WIDE RIGHT-OF-WAY) AS DEDICATED BY
DOCUMENT RECORDED IN COUNTY CLERK FILE NO. D217021024 OF SAID OFFICIAL
PUBLIC RECORDS FOR A NET CALCULATED AREA OF 58.603 ACRES (2,552,781 SQUARE
FEET) OF LAND.
EXHIBIT B
NOTICE OF PUBLIC HEARING
FoRTWORTH.
Re: Notice of Public Hearing Regarding the Proposed Establishment of Fort Worth Public
Improvement District No. 22 (Veale Ranch).
Pursuant to Section 372.009(c) and (d) of the Texas Local Government Code, as amended, notice is
hereby given that the City Council ("City Council") of the City of Fort Worth, Texas ("City") will
conduct a public hearing to discuss the petition filed by PB Ventana 1, LLC, a Texas limited liability
company; PMB I20 Land, LP, a Texas limited partnership; PMB Rolling V South Land LP, a Texas
limited partnership; PMB RVS Dev Co LLC, a Texas limited liability company; PMB SWFW Dev
Co LLC, a Texas limited liability company; PMB Team Ranch Devco LLC, a Texas limited liability
company; PMB Veale Land Investors 1 LP, a Texas limited partnership; PMB Ventana Developer
LLC, a Texas limited liability company; PMB Ventana Developer South LLC, a Texas limited liability
company; PMB Ventana SFR LP, a Texas limited partnership; and TRT Land Investors, LLC, a
Delaware limited liability company; and Wal-Mart Stores East, L.P., requesting that the City create
the Fort Worth Public Improvement District No. 22 (Veale Ranch) ("District").
The public hearing will be held on Tuesday, August 8, 2023 beginning at 6:00 P.M. in the City
Council Chamber, City Hall, 200 Texas Street, Fort Worth, Texas. The City Council is expected
to take final action and vote on the proposed established on August 8, 2023 but it may be continued
to another meeting at the discretion of the City Council.
All persons owning or claiming any interest in property located within the proposed District are
invited to be heard concerning the proposed services/improvements, the benefits to the property
because of the services/improvements, and any other matter to which they are entitled to be heard
pursuant to the Public Improvement District Assessment Act Chapter 372, Texas Local Government
Code.
Written and oral objections will be considered at the hearing. If you would like to speak at the
public hearing, you must sign up prior to 8:00 am on August 8, 2023 to speak (i) online at
https://fortworthgov.legistar.com/Calendar.aspx by clicking on the applicable agenda item, (ii) by
email at csoadmingfortworthtexas.gov, or (iii) by phone at 817-392-6150. If a speaker wishes to
use electronic media, the deadline to submit media is 5:00 pm the day before the applicable
meeting. NOTE: YOU DO NOT HAVE TO BE PRESENT AT THE CITY COUNCIL
MEETING TO SPEAK AT THE PUBLIC HEARINGS. IF YOU WANT SPEAK
REMOTELY, YOU MAY DO SO BY SIGNING UP TO SPEAK THROUGH THE ABOVE -
STATED METHODS.
There is no requirement that any property owners attend or speak at the public hearings. You can
submit any written objections or concerns about this District to the contact listed at the bottom of
this notice, which should be submitted prior to the date of the applicable hearing to ensure adequate
time for written comments to be received and distributed for proper consideration.
The subject of the public hearing will include the following matters:
Veale Ranch PID
1. The general nature of the proposed improvements and/or services to be provided in the Veale
Ranch PID include the following ("Improvements"):
• acquisition, construction, and improvement of water, wastewater, and drainage
facilities and improvements;
• acquiring, constructing, improving, widening, narrowing, closing, and rerouting of
sidewalks and of streets, any other roadways, and their rights -of -way;
• landscaping;
• the establishment and improvement of parks;
• acquisition, construction, and improvement of off-street parking;
• erection of fountains, distinctive lighting, and signs;
• construction and improvement of pedestrian malls;
• acquisition and installation of pieces of art;
• acquisition, construction and improvement of libraries;
• acquisition, construction, improvement, and rerouting of mass transportation
facilities;
• projects similar to those listed above;
• acquisition, by purchase or otherwise, of real property in connection with an
Improvement;
• special supplemental services for improvement and promotion of the District,
including services relating to advertising, promotion, health and sanitation, water
and wastewater, public safety, security, business recruitment, development,
recreation, and cultural enhancement;
• payment of expenses incurred in the establishment, administration, and operation
of the District, including the costs of financing the Improvements, and
• the development, rehabilitation and expansion of affordable housing.
Notwithstanding anything to the contrary, the following will not be considered as
Improvements: (a) water lines and sanitary sewer lines having a diameter of 8" or less located in
and serving a for sale or rent single-family home, cottage home, and/or townhome residential
subdivision; (b) oversizing of water and sanitary sewer lines in and serving residential areas
without City approval; and (c) local residential streets, as defined by the Fort Worth Master
Thoroughfare Plan.
2. A preliminary estimate of the cost of the improvements and/or services to be provided in the
District is Three Billion Dollars ($3,000,000,000.00).
3. The boundaries of the District are generally north of Bear Creek Drive, east of FM 1187, south of
Aledo Road, and west of Hwy 377 S, as more particularly described by a metes and bounds
description on file at Fort Worth City Hall and available for public inspection.
4. The City will not be obligated to provide any funds to finance the proposed improvements, other
than from assessments levied on the District property. No City property will be assessed, and the
City will not be obligated to pay any assessments levied against the property in the District or to
pay debt service on any bonds issued by the City and secured by assessments levied against the
property in the District in accordance with the assessment methodology approved by the City
Council.
5. The City will levy assessments on each parcel within the District in a manner that results in
imposing equal shares of the costs on property similarly benefited. Each assessment may be
paid in part or in full at any time (including interest), and certain assessments may be paid in
annual installments (including interest). If the City allows an assessment to be paid in
installments, then the installments must be paid in amounts necessary to meet annual costs for
those Improvements financed by the assessment and must continue for a period necessary to
retire the indebtedness on those Improvements (including interest).
For further information, please contact: Crystal Hinojosa, Economic Development Manager at (817)
392-7808 or via email Crystal.Hinojosa@fortworthtexas.gov.
** Si necesita esta carta en Espanol, por favor llamar al (817) 392-6021. **