HomeMy WebLinkAboutResolution 5782-08-2023A Resolution
NO. 5782-08-2023
AUTHORIZING AND CREATING FORT WORTH
PUBLIC IMPROVEMENT DISTRICT NO.22 (VEALE RANCH)
IN ACCORDANCE WITH CHAPTER 372 OF THE TEXAS LOCAL
GOVERNMENT CODE; PROVIDING AN EFFECTIVE DATE; AND
TAKING CERTAIN OTHER ACTIONS CONCERNING THE DISTRICT
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 ("Code") to
be known as "Fort Worth Public Improvement District No. 22 (Veale Ranch)"
("PID"), which PID is to be located within both the corporate limits and
extraterritorial jurisdiction of the City, as more particularly described by metes and
bounds in Exhibit A attached hereto and incorporated herein for all purposes;
WHEREAS, the City Council has investigated and determined that the facts
contained in the Petition are true and correct;
WHEREAS, in accordance with Section 372.009(c) of the Code, notice of a public hearing
on the advisability of the improvements and the creation of the PID ("Public Hearing") was
published on July 20, 2023 in the Fort Worth Star -Telegram, a newspaper of general circulation in
both the corporate limits and extraterritorial jurisdiction of the City, which publication date was
before the fifteenth (15th) day prior to the date of the Public Hearing;
WHEREAS, in accordance with Section 372.009(d) of the Code, on July 20, 2023 notice
of the Public Hearing was mailed to all property owners subject to assessment under the proposal
set forth in the Petition, which mailing date was before the fifteenth (15th) day prior to the date of
the Public Hearing; and
WHEREAS, in accordance with Section 372.009 of the Code, at its regular, open and
public meeting on August 8, 2023, the City Council held the Public Hearing, and after all persons
having an interest in the creation of the PID were given an opportunity to be heard, the City Council
closed the Public Hearing on August 8, 2023.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
1. Recitals.
The findings set forth in the recitals of this Resolution are found to be true
and correct.
2. Findings.
Pursuant to the requirements of the Code, including, without limitation,
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Sections 372.006, 372.009(a), and 372.009(b), after hearing all public comments in
the Public Hearing and duly considering all other evidence and testimony presented
at the Public Hearing, as well as all other information known by the City Council, the
City Council hereby makes the following findings:
2.1. Petition. The Petition submitted by the Petitioners is on the file
with the City Secretary and complies with Section 372.005 of the Code
and has been signed by (a) owners of taxable real property representing
more than fifty percent (50%) of the appraised value of all taxable real
property liable for assessment under the proposal set forth in the
Petition, as determined by the current roll of the Appraisal Districts in
which the PID is located, and (b) record owners of real property liable
for assessment under the proposal set forth in the Petition who own
taxable real property that constitutes more than fifty percent (50%) of
the area of all taxable real property that is liable for assessment under
such proposal.
2.2. Advisability of the Proposed Improvements. It is advisable to
establish the PID to provide the Authorized Improvements (as described
below). The Authorized Improvements are feasible and desirable and
will promote the interests of the City and will confer a special benefit
on the property in the PID. It is advisable that the City exercise the
powers granted by the Code in connection with the establishment of the
PID, including the undertaking of the Authorized Improvements and the
levying and collection of special assessments on property in the PID,
based on the benefit conferred by such Authorized Improvements.
2.3. General Nature of the Authorized Improvements. The general nature of
the proposed public improvements (the "Authorized Improvements") include the
following:
• 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;
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• 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 Authorized
Improvements, and
• the development, rehabilitation and expansion of affordable housing.
Notwithstanding anything to the contrary, the following will not be considered as
Authorized 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.
Such improvements and services will be a supplement to the standard level of City
improvements and services and will constitute an added increment to the
improvements and services normally provided to the taxpayers generally. The City
will furnish or pay for the standard services in the PID at the same level as they
would be provided for the taxpayers generally.
2.5. Estimated Costs of the Authorized Improvements and Apportionment of
Costs. Assessments levied on the property in the PID will pay at least a
portion of the estimated total costs of $3,000,000,000.00, which consists
of the following items, provided each meets eligibility requirements of
both state law and the reimbursement agreement ("Reimbursement
Agreement") to be executed between the City and developer of the
property in the PID ("Developer"): (i) the costs of the Authorized
Improvements; (ii) bond issuance costs; (iii) legal and financial fees;
(iv) credit enhancement costs; and (v) costs incurred in the
establishment, administration and operation of the PID (collectively
"Reimbursable Costs"). The City will not be obligated to provide any
funds to finance the Authorized Improvements, other than from such
assessments, unless such funding is approved by the City Council on a
case -by -case basis. No municipal property in the PID shall be assessed.
The Developer may also pay certain costs of the Authorized
Improvements from other funds available to the Developer. The City, in
its sole discretion, may finance some portion of the Reimbursable Costs
using the proceeds of one or more series of bonds issued by the City and
secured by assessments levied against each completed phase of
development within the PID.
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2.6. Boundaries of the PID. The PID is proposed to include
approximately 5,200 north of Bear Creek Drive, east of FM 1187, south of
Aledo Road, and west of Hwy 377 S, as more particularly depicted and
properly described in the metes and bounds described in Exhibit A
attached hereto.
2.7. Proposed Method of Assessment. The assessment of costs of the
Authorized Improvements will be levied on each parcel of property
within the PID in a manner that results in imposing equal shares of the
costs on property similarly benefitted.
3. Establishment of the PID; Term.
Fort Worth Public Improvement District No. 22 (Veale Ranch) is hereby
authorized and created as a public improvement district under the Code in accordance
with the findings of the City Council set forth in Section 2 above; and the conclusion
that the PID is needed to fund such Authorized Improvements. The PID will take
effect on the date City Council adopts this Resolution, in conformance with Section
372.010(a) of the Code ("PID Effective Date"), and expire on the earlier of (i) the date
as of which all debt, Reimbursement Agreements or other obligations secured by
assessments levied on the property in the PID are retired or satisfied in full; (ii) the
effective date of (A) a resolution dissolving the PID adopted by the City Council
following receipt of a petition requesting dissolution and the holding of a public
hearing to consider such dissolution in accordance with Section 3 72.011 of the Code;
or (B) any other lawful method provided for dissolution of a public improvement
district pursuant to the Code, as it may be amended. Notwithstanding anything to the
contrary herein, the PID will continue in effect until all obligations of indebtedness
for all previously -authorized improvement projects and services in the PID have been
fully satisfied and discharged. The PID will be subject to all conditions, limitations,
and reservations set forth in the findings set forth above.
4. Management of the PID; Advisory Body.
The PID will be managed by the City. The City may engage a consultant
to assist in the management of the PID, which consultant will, from time -to -time,
advise the City regarding certain operations of the PID. The City Council hereby
declines to appoint an advisory body for the PID pursuant to Section 372.008 of the
Code. The City Council hereby reserves the right to assign responsibility for
preparation of the ongoing service plan for the PID to another entity in the absence
of such an advisory body, as authorized by Section 372.013(a) of the Code.
S. Effectiveness, Restriction on Construction of Improvements.
This Resolution takes effect immediately upon the PID Effective Date.
In accordance with Section 372.010(c) of the Code, actual construction of any
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Authorized Improvement may not begin until after the twentieth (20th) day following
the PID Effective Date.
6. Filing of this Resolution.
The City Secretary is hereby directed to file a copy of this Resolution
with the county clerk of each county in which all or part of the PID is located within
seven (7) days after the City Council adopts this Resolution.
ADOPTED this 8th day of August 2023.
ATTEST:
Jannette S. Goodall, City Secretary
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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.F. 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 11 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 20I0),
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. D2I5129625, 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 161331 FEET TO A 518 INCH IRON ROD WITH CAP STAMPED "BURY"
FOUND FOR THE SOUTHWEST CORNER OF SAID 117.198 ACRE TRACT AND THE
SOUTIEAST 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 5/8 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 5/8 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 5181NCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
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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 518 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 CORNIER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 984.33 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 30.00 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 100.00 FEET
TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
SOUTII 89 DF..GRFHS 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 955.41 FEET
TO A 518 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 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER;
WEST, A DISTANCE OF 628.83 FEET TO A 518 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 YFTJ.OW 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;
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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 EASTLINE 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 19I.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 NORTII, TEXAS STATE PLANE COORDWATF,S,
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 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
VF.NTANA 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 INCII 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 "LJA SURVEYING" SET FOR CORNER, FROM
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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 "IJA SURVEYING" SET
FOR CORNER;
NORTH 15 DEGREES 58 MINUTES 38 SECONDS EAST, A DISTANCE OF 14.14 FEET
TO A 5/8 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 518 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;
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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 TIIE 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 519 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 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING"
-SET FOR CORNER;
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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 %JA
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 'ZJA
SURVEYING" SET FOR CORNER ON THE SOUTH LINE OF AFORESAID VENTANA,
PHASE 6A-I 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 "IJA
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 'UA
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 "L1A SURVEYING"
SET FOR CORNER AT THE SOUTH END OF A CORNER CLIP AT THE INTERSECTION
Page 11 of 41
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 "LTA 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 DF,GRFFS 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 518 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LTA
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 "IJA
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
Page 12 of 41
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 I 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 SFR LP Property (16.826 Acresl
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 (PIDDF5387), BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 518 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'UA SURVEYING" SET FOR
THE SOUTHEAST CORNER OF SAID LOT 1X, BLOCK 12 AND THE SOUTHWEST CORNER
OF LOT 1, BLOCK I 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 518 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 "LIA SURVEYING"
SET FOR CORNER;
Page 13 of 41
THENCE, OVER AND ACROSS SAID 191.349 ACRF, TRACT, TIIE 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 'UA
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 'ZJA
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
Page 14 of 41
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 1458 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 I 1 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 SAIDNON-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 518 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 "IJA
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 FAST, 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)
Page 15 of 41
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
112-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 SUBDMSION, 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 89°38'34" 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
Page 16 of 41
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 82007'07" 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 Property (710369 Acres)
Tract l (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 had described in
instrument to Johnny Hampton (Bud) Vinson It & 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 comer 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 southcriy southwest corner of the herein described 544.102 acre tract;
THENCE North 410 59' 43" West, 999.70 feet, to a found 7/8" iron rod, for the north comer of Lot 6
and Lot 7, Block 35 of said Phase 10 Plat, being and interior comer of the herein described 544.102
acre tract;
Page 17 of 41
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 comer 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 comer of a 5 foot wide right -of --way dedication of said Phase 9 plat, being the most
westerly southwest corner of the herein described 544.102 acre tract;
THENCE North 00' 32' 42" West, at 635.68 feet, pass the northeast corner of said Phase 7 and the
southeast corner of a called 3,590.912 acre tract being described in instrument to TRT Land Investors
LLC, recorded in Clerk File No. D221245221, O.PRT.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 89° 27' 33" East, 3,179.57 feet, to a found 1" iron rod, for a southeast comer of said
3590912 acre tract, being an interior comer 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
518" capped iron rod, for a southwest comer of a 191.349 acre tract describod in instrument to PUB
Ventana Developer South LLC, recorded in Cleric File No. D221026481, O.P.RT.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 890 28' 43" East, 444.30 feet to a found 5/8" capped Iron rod, for a northeast comer of
the herein described 544.102 acre tract;
South 24° 55' 44" East, 164.18 feet, to a found 518" iron rod, for an angle corner of the herein
described 544.102 acre tract
South 070 04' 50" East, 246.67 feet, to a found 518" capped iron rod, for an interior comer of
the herein described 544.102 acre tract;
North 890 59' 55" East, 628.69 feet, to a found 518" iron rod, for an angle comer of the herein
described 544.102 acre tract;
North 600 24' 17" East, 780.09 feet, to a found 5/8" capped iron rod, for a southeast corner of
said 19I.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 comer 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;
Page 18 of 41
South 180 04'36" East, 942.41 feet, to a found 5/8" capped iron rod, for an angle comer 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 080 00' 46" West, 448.73 feet, to a found 5/8" capped iron rod, for an angle corner 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 comer 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 comer of said 166.267 acre tract, bcing the most
southerly
southeast comer of the herein described 544.102 acre tract;
THENCE South 471 58' 02" West, 1,578.66 feet, with the north right-0f--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 I INCH IRON ROD FOUND AT THE SOUTHEAST CORNER OF SAID SJ
BRYANT IRVIN TRACT AND THE SOUTHWEST CORNER OF THAT 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 47058' 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
11 AND CHERYL R. VINSON, RECORDED IN INSTRUMENT NUMBER D204159103,
SAID COUNTY RECORDS;
Page 19 of 41
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 5/8 INCH IRON FOUND;
N 46059'45"E, 468.50 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND;
N 08°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 18°04'00"W, 942.35 FEET TO A 5/8 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" FOUND;
THENCE N 11053'46"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 PUB 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 32046' 13"W, 102.86 FEET TO A 518 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 518 INCH IRON WITH PLASTIC CAP STAMPED
"PELOTON" SET;
THENCE N 89°38'04"E, ALONG THE SOUTH LINE OF SAID PMB VENTANA SFR 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 D2171I9099, 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 1N CABINET A, SLIDE 5082, SAID
COUNTY RECORDS;
Page 20 of 41
THENCE S 00°22'00"E, 4180.05 FEET, WITH THE COMMON LINE OF SAID SJ BRYANT
1RVIN TRACT AND SAID LOT 2, TO TIIE POINT OF BEGINNING AND CONTAINING
7,242,578 SQUARE FEET OR 166.267 ACRES OF LAND MORE OR LESS.
Page 21 of 41
The Metes and Bounds Description of the ETJ Property
PMB 120 Land LP Property (422.973 Acres)
Tract 1 (1&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 5/8-INCH IRON ROD SET WITH CAP STAMPED "L.JA 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) 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 5/8-INCH IRON ROD SET;
NORTH 89°40' 18" EAST, A DISTANCE OF 564.89 FEET TO A 5/9-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 83000'53" 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°2346" WEST, 572.22 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 13000'45", AN
ARC -DISTANCE OF 573.45 FEET TO A 5/8-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;
Page 22 of 41
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 (19.586Acres):
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 RiGI1T-
OF-WAY LINE OF R.M. HIGHWAY NO. 2971(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 89039'50" 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 84-27'24" EAST, A DISTANCE OF 354.00 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LFFT 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 518-INCH IRON ROD SET;
NORTH 76°55' 16" EAST, A DISTANCE OF 132.30 FEET TO A 518-INCH IRON ROD
SET;
Page 23 of 41
SOUTH 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 09011'58", 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 518-INCH IRON ROD SET;
SOUTH 57°39'49" 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 5/84NCH
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 (126.467Acrra):
BEING A TRACT OF LAND SITUATED IN THE JAMES F. ELLIOT SUR VF,Y, 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:
Page 24 of 41
BEGINNING AT A 5/8-INCH IRON ROD SET WITH CAP STAMPED "LIA SURVEYING"
(HEREIN AFTER REFERRED TO AS A "5/8-INCH IRON ROD SET'j 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;
SOUTI[ 83016101" 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 87°31'01" WEST, A DISTANCE OF I99.79 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 518-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 518-INCH IRON ROD
SET;
SOUTH 51 °24'33" WEST, A DISTANCE OF 49.40 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 50°30'38" 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 43°15'38" 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 48032'49" WEST, 211.00 FEET;
Page 25 of 41
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 36°09'59" 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 TILE 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 55°35'19" 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,1,214A3 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 61°28'02" WEST, A DISTANCE OF 1,248.67 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 28°31'58" EAST, A DISTANCE OF 1,58135 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.
RR. 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:
Page 26 of 41
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 37°50'50" 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 78°40' 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 76°02'12" EAST, A DISTANCE OF 1,515.45 FEET TO A 5/8-INCH IRON ROD
SET WITH CAP STAMPED "LIA SURVEYING" (HEREIN AFTER REFERRED TO AS A
"5/8-INCH IRON ROD SET");
SOUTH 84°40'48" 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 61028'02" 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 518-INCH IRON ROD SET;
SOUTH 61 °28'02" WEST, A DISTANCE OF 1,598.30 FEET TO A 5/8-INCH IRON ROD
SET;
Page 27 of 41
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 89018' 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 78018'52" 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 81 003' 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 85°21'31" 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 5/8-INCH IRON ROD SET;
SOUTH 89°39'50" WEST, A DISTANCE OF 121.0I 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 (11.257,920 SQ.
FEET), OF LAND.
cam Ranch Dcvco LLC Proncrty (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:
Page 28 of 41
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 -WIDTII RIGI IT -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 89039'50" 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 5/8-INCH IRON ROD SET;
NORTH 81003 '12" EAST, A DISTANCE OF 111.83 FEET TO A 518-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 5/8-INCH IRON ROD SET;
NORTH 76°55' 16" EAST, A DISTANCE OF 31.44 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 13°04'44" 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, 1,214A3 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 42930'35", AN
ARC -DISTANCE OF 1,242.74 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 55-35' 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 54-42-40" 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 518-INCH IRON ROD SET;
NORTH 36009*59" EAST, A DISTANCE OF 95.00 FEET TO A 5/8-INCH IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT HAVING A
Page 29 of 41
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 43015'38" 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 518-INCH IRON ROD
SET;
NORTH 51`24'33" 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 5/8-INCH IRON ROD
SET;
SOUTH 61 °30'W' 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 84028'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL, SET;
NORTH 82058'59" WEST, A DISTANCE OF 199.79 FEET TO A MAG-NAIL SET;
NORTH 82043'59" WEST, A DISTANCE OF 1,616.86 FEET TO A MAG-NAIL SET;
TIIENCE OVER AND ACROSS SAID ROCKBROOK TRACT THE FOLLOWING COURSES
AND DISTANCES:
NORTH 07053'24" 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 14°23'46" EAST, 572.22 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 13000'45",
AN ARC -DISTANCE OF 573.45 FEET TO A 518-INCH IRON ROD SET FOR THE
Page 30 of 41
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 14-37'36", AN
ARC -DISTANCE OF 88.08 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 89°40'18" 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 gr36'29" 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 518-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 26024.58" 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 13°04'44" WEST, A DISTANCF, OF 112.28 FEET TO A 5/8-INCH IRON ROD
SET;
SOUTH 76055' 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;
Page 31 of 41
NORTH 84-27'24" WEST, A DISTANCE OF 354.00 FEET TO A 518-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 8r23'47" WEST, 79.49 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 05°52'46", AN
ARC -DISTANCE OF 7953 FEET TO A 5/8-INCH IRON ROD SET;
SOUTH 89°39'50" 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 00°32'23" 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 00-32.23" EAST, 2,63331 FEET;
THENCE DEPARTING SAID EASTERLY LINE, OVER AND ACROSS SAID IONA LAND
TRACT, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 60°58'38" WEST, A DISTANCE. OF 1,652.39 FF,F,T TO AN IRON ROD SET;
NORTH 32-51.50" WEST, A DISTANCE OF 288.61 FEET TO AN IRON ROD SET;
NORTH 70°59'09" WEST, A DISTANCE OF 1,150.43 FEET TO AN IRON ROD SET;
NORTH 12005'12" 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 68052'37" EAST, 597.00 FEET;
Page 32 of 41
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 15"35'22" 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 1r14'I I- 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, G.H & 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 1N 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 33 of 41
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 CIRISTIAN
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 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 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 89°38'34" 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 3IX, BLOCK 8, VENTANA, PHASE 1
AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D217078339 OF SAID
OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 8902643" WEST, WITH THE EASTERLY LINE OF SAID IONA LAND L.P.,
ET AL TRACT, A DISTANCE OF 3,712.76 FEET TO A I -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;
Page 34 of 41
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 89°33'04" 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 01042' 10" WEST, 836.77 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 33°04'03", AN
ARC -DISTANCE OF 848A9 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 68052'37" 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' l2" EAST, A DISTANCE OF 1,072.30 FEET TO AN IRON ROD SET;
SOUTH 70059'09" EAST, A DISTANCE OF 1,150.43 FEET TO AN IRON ROD SET;
SOUTH 32°51'50" EAST, A DISTANCE OF 288.61 FEET TO AN IRON ROD SET;
NORTH 60058'38" 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 H AS RECORDED IN COUNTY CLERK FILE NO
D204159103 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE SOUTH 89°27'40" 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 OW32' 15" EAST, CONTINUING WITH SAID EASTERLY LINE, A DISTANCE
OF 3,557.84 FEET TO AN IRON ROD SET FOR THE SOUTHERNMOST SOUTHEAST CORNER
Page 35 of 41
OF SAID IONA LAND TRACT, FROM WHICH A 60D NAIL BEARS NORTH 19°35'22" EAST,
A DISTANCE OF 1.7I 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 SOUTIHRNMOST
SOUTHWEST CORNER OF SAME, FROM WHICH A 112-INCH IRON ROD FOUND BEARS
NORTH 02°46'29" EAST, A DISTANCE OF 3.02 FEET;
THENCE NORTH 00033' l8" 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 COLINTY CLERK FILE NO. D220100054 OF SAID OFFICIAL PUBLIC
RECORDS;
THENCE NORTH 89°43' 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 112-INCH CAPPED IRON
ROD STAMPED "MIZELL RPLS 196T' FOUND;
NORTH 34.03' 13" WEST, A DISTANCE OF 484.20 FEET TO AN IRON ROD SET, FROM
WHICH A 60D NAIL FOUND BEARS SOUTH 43°47'30" EAST, A DISTANCE OF 1.87
FEET;
NORTH 34°04'06" WEST, A DISTANCE OF 418.59 FEET TO A 1/2-INCH IRON ROD
FOUND;
NORTH 34-11'41" WEST, A DISTANCE OF 290.03 FEET A 3-INCH METAL POST;
NORTH 33°56'19" 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 34°06'04" WEST, A DISTANCE OF 316.07 FEET TO AN IRON ROD SET;
NORTH 34016'07" 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;
Page 36 of 41
NORTH 83° 10' 1 T' WEST, A DISTANCE OF 459.57 FEET TO A I/2-INCH CAPPED IRON
ROD STAMPED "OWEN 5560" FOUND;
THENCE OVER AND ACROSS SAID IONA LAND L.P. TRACT TILE FOLLOWING COURSES
AND DISTANCES:
NORTH OW00'16" 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 RKiHT-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 33-11'53" 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 57021'43" 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 77-10.02" 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 84° 16'48" 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;
Page 37 of 41
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 00°31'37" EAST, A DISTANCE OF 25.40 FEET TO AN IRON ROD SET;
SOUTH 80-21'32" 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 54°45'50" 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 89008'09" 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 00°33'50" 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 °4922" 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;
Page 38 of 41
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 72013'49" 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 4,493A2
FEET, AND A CHORD THAT BEARS NORTH 88°43'36" EAST, 1,60121 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 TILE 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 PORTTON 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;
Page 39 of 41
ITIENCE WITH SAID WESTERLY RIGIIT-OF-WAY LINE AND SAID CURVE TO THE LEFT,
THROUGH A CENTRAL ANGLE OF 22034'08", 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 "TIER 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 SU13DMSION 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 89-38'34" 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 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 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`2643" 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 0102248" 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;
Page 40 of 41
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.
Page 41 of41
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/08/23 M&C FILE NUMBER: M&C 23-0628
LOG NAME: 17PID22 VEALE RANCH EST
SUBJECT
(ETJ) Conduct a Public Hearing Regarding the Establishment of Public Improvement District No. 22 — Veale Ranch (Veale Ranch PID), Including
the Sufficiency of the Petition and the Advisability of the Improvements and Services to be Undertaken, Declare the Petition to be Sufficient, and
Adopt a Resolution Authorizing and Establishing the Veale Ranch PID
(PUBLIC HEARING - a. Report of City Staff: Crystal Hinojosa; b. Public Comment; c. Council Action: Close Public Hearing and Act on the M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing regarding the establishment of Public Improvement District No. 22 - Veale Ranch (Veale Ranch PID), including
the sufficiency of the attached petition and the advisability of the improvements and services to be undertaken.
2. Find that the attached petition requesting establishment of the Veale Ranch PID meets the requirements necessary for the City Council to
designate the proposed area as a Public Improvement District, pursuant to Chapter 372 of the Texas Local Government Code;
3. Adopt the attached Resolution: (i) making certain findings concerning the nature and advisability of the special improvements and services to
be provided for properties in the Veal Ranch PID, the estimated costs of such improvements and services, the method of assessment, the
boundaries of the Veale Ranch PID, the apportionment of costs between the Veale Ranch PID and the City, as whole; and (ii) authorizing and
establishing the Veale Ranch PID; and
4. Direct the City Secretary to file the attached Resolution authorizing and establishing the Veale Ranch PID with Tarrant County and Parker
County within seven (7) calendar after the City Council adopts the attached Resolution, as required by Chapter 372 of the Texas Local Government
Code.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to conduct a public hearing on the establishment of Public Improvement District
No. 22 — Veale Ranch (Veale Ranch PID). PMB Veale Land Investors I, LP and other entities (Developer) entered into an agreement with the City
on March 8th, 2023 for the development of 5,200 acres consisting of parcels known as Veale Ranch/Team Ranch, Rolling V South, and Ventana
South (collectively, "Development"), which are located primarily within Fort Worth's extraterritorial jurisdiction in Parker County and Tarrant County
pursuant to a development agreement (City Secretary Contract No. 59003, as it may be amended from time -to -time) (Agreement). To accomplish
the Development envisioned by the Developer and City and to provide financing for certain improvements, the City and Developer agreed to work
together to create the Veale Ranch PID and an overlapping Tax Increment Reinvestment Zone (Veale Ranch TIRZ).
The Agreement provides that the Development will be constructed and annexed in phases (each an "Improvement Area") over a period of up to 50
years and that the Veale Ranch PID assessments, Veale TIRZ collections, and bond issuances will occur after annexation for 25 to 30-year periods
for each Improvement Area in order to reimburse Developer for certain authorized improvements. Due to the enormity of the Development, the 50-
year Development timeframe, and the potential financial complexities associated with funding the public improvements associated therewith, the
City Council adopted a separate resolution waiving certain provisions of the Capital PID Policy and TIRZ Policy with respect to the creation and
operation of the Veale Ranch PID and Veale Ranch TIRZ, all of which are incorporated into this M&C for purposes of establishing the Veale Ranch
PID (Resolution No. 5705-02-2023; February 28, 2023). While this M&C concerns the establishment of the Veale Ranch PID, the City Council will
be considering the creation of the Veale Ranch TIRZ at a later date.
On June 5, 2023, the City Council received a petition requesting establishment of the Veale Ranch PID ("Petition"). On June 11, 2023, the City
Council adopted a Resolution accepting the filling of the Petition and setting a date for this public hearing (Resolution No. 5766-06-2023) The
Petition has been examined, verified, and found by City staff to meet the requirements of Chapter 372 of the Texas Local Government Code
(Code), to substantially comply with the City's policy for Capital Public improvement Districts (with the waivers stipulated by City Council), and to
be sufficient for consideration by the City Council. The Petition is attached hereto and on file with the City Secretary.
Proposed Boundaries: The Veale Ranch PID comprises approximately 5,200 acres of land located north of Bear Creek Drive, east of Farm
Market 1187, south of Aledo Road, and west of Highway 377 South, as more particularly described by the metes and bounds on file in the City
Secretary's Office for review.
Nature of the Improvements and/or Services. The general nature of the improvements and services (collectively, Improvements) to be
provided by the Veale Ranch PID consist of all items defined as authorized improvements under the Code, except that 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.
Advisability of the Improvements. It is advisable to establish the Veale Ranch PID to provide the Improvements (as described above and in the
Petition). The Improvements are feasible and desirable and will promote the interests of the City and will confer a special benefit on the property in
the Veale Ranch PID.
Estimated Costs. The total estimated costs of the Improvements is 3,000,000,000.00, which consists of the costs of the Improvements, bond
issuance costs, legal and financial fees, credit enhancement costs, and costs incurred in the establishment, administration, and operation of the
Veale Ranch PID. The City may finance some portion of the Improvements using the proceeds of one or more series of bonds issued by the City
and secured by assessments levied against each completed phase of the development with the Veale Ranch PID. The annual cost of
Improvements will be determined in accordance with an approved budget and service plan and will be paid from assessments.
Apportionment of Costs. The City will not be obligated to provide any funds to finance the Improvements, other than from assessments levied on
property within the Veale Ranch PID. No City property will be assessed.
The Veale Ranch PID will become effective on the date that the Resolution is adopted by the City Council. The Veale Ranch PID may be
terminated by action of the City Council following the date on which all bonds secured by the assessments have been paid off. Notice of this public
hearing was published in the Fort Worth Star -Telegram and mailed to the owners of property on record and liable for assessment in the Veale
Ranch PID on July 20, 2023, in accordance with the Code.
The proposed Veale Ranch PID is located in the City's ETJ.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that approval of these recommendations will have no material effect on City funds.
Submitted for City Manager's Office W. William Johnson 5806
Originating Business Unit Head: Robert Sturns 2663
Additional Information Contact: Crystal Hinojosa 7808
Expedited