HomeMy WebLinkAboutContract 47477-A3City Sei.:retary Contrad No.':f7L.I ]1-¥\.3
THIRD AMENDMENT TO DEVELOPMENT AGREEMENT
(City Secretary Contract No. 47477)
THE ST A TE OF TEXAS
COUNTY OF DENTON
§
§
§
Thi s Third Amend ment to Developm e nt Agreement (thi s Third Amendment") is e nt ered into
among the City of Fort Worth , Texas, a ho me-rule municipal corporation s ituated in Tarrant,
Dento n, John so n, Parker, and Wise Counties , Texas (the ".c.i!y"), acting by a nd through it s dul y
a uth o rized Assistant C it y Manager, and HT HWY 114 De ve lo pment L.P ., a Texas limited
partnership ("Owner"), effective upon exec uti o n by both partie s (t he "Effecti ve Date").
RECITALS
WHEREAS , th e City and SLF IV -114 Assemblage, L.P., a Texas limited partners hip
(prior o wner of the Property) ("SLF ") entered into that certain De ve lo pment Agreement for the
Traditions devel o pment dated January 12 , 2016 (City Secretary Co ntract No . 47477) (the
"Agreement") governing approximate ly 1,10 2 acres of land shown in Exh ibit A and de sc ribed in
Exhibit B att ac hed hereto and incorporated here in by reference (the "Pro perty"); and
WHEREAS, th e Property consists of a ppro x imately 431.303 acres e nc o mpasse d by
Tradition Municipal Utility Di strict No . 1 of Denton Co unty, a ppro x imate ly 662.91 acres
encompassed by Tradition Municipal Ut ili ty Di st ri ct No. 2 B of Dento n Co unty and approximatel y
8 .707 acres no t contained wi thin a municipal utili ty district ; and
WHEREAS, th e Agreement was reco rded in the Denton Co unty real property record s on
Fe bruary 11 , 2 016, as In strument No. 20 16-150 30 ; and
WHEREAS, th e C ity and SLF entered into that ce rta in First Amendment to Deve lo pm ent
Agreement dated effecti ve Jun e 17 , 20 19 , and recorded in Denton Co un ty Clerk 's Office o n June
2 7, 20 19 und e r C lerk 's D ocu me nt No . 76441 (t he "First A mendme nt"); a nd
WHEREAS, SLF 's ri g ht s under th e Deve lop ment Agreeme nt w here assig ned to Owner by .
Ass ig nm e nt a nd Assumption Agreement dated October 15 , 2019, and recorded in the De nt on
Co un ty Clerk 's office under C lerk's Document No. 131236, contemporaneously with Owner
acquiring titl e to the Property and ass umin g the o bli gatio ns unde r the Agreeme nt, whereupon
Owner beco me the de velo pe r of the Tradition project ; and
WHEREAS, the Ci ty and Traditions In vestors LLC ("TI"), but neither SLF nor Owner,
entered int o that certai n Seco nd Amendment to D eve lopment Agreeme nt dated effective Apri l 22 ,
2019 and recorded in the D enton Co unty C le rk 's office o n September 6, 2022 under Cle rk 's
Second Amendment to Development Agreement -Page 1
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Document No. 2022-129169 (the "Second Amendment"), to pro v ide for the limited purpose
a nnexation of that certain 4 7.262 acre tract of land within the Prop e rty de s ig nate d fo r mi xed-u se
development a nd described on Exh ibit C attached (the "Second Amendment Mi xe d-Use Tract")
and to a ll ow for a dditi o nal u ses with in that tract of land and w hich affected o nl y the Second
Amendm ent Mixed-Use Tract, but no t the remainde r of th e Property ; and
WHEREAS, the Seco nd Amendment Mi xed-Use Tract re main s owned by Tl. and 1s
undeveloped ; and
WHEREAS, in o rd er to provid e fl ex ibili ty in the o rderin g of phases of d eve lo pment of the
Property as a ll owed under the Agreement, the City and Owner w is h to amend th e Agreement to
in corporate the gas pad s int o the Res identi a l Tracts , re v ise the permitted re s id ential den s it y and
permit ad diti o nal u ses for o ne tract ; and
WHEREAS , City a nd Owner d esire to vest devel o pm e nt of the public infra tructure fo r the
Property to the City 's ordi n a nc es, re g ulation s, and de s ig n standard s in effective o n the effective
date of thi s Third Amendment in accordance w ith chapter 245 of the Texas Loca l Government
Code ; and
WHEREAS, thi s Third Amendment d oes not affect th e Seco nd A m e ndm e nt Mix-Use
Tract, the terms of the Second Amendment, no r TI, and amends the Agreement, as amended by
the First Amendment , with re s pect to the Property o ther than the Second Amendment Mixed -Use
Tract; and
OW , THEREFORE, in co n s iderati o n of the pr e mi ses , mutual promi ses, covenants
o bli gati o ns , and benefits herein contained, the C ity and Owner agree as fo ll ows:
I . Subsection (a) of the definiti o n of "Infrastr ucture Standard s" in Artic le I is amended to read
as fo ll ows:
"(a) T he fo ll owin g C it y re g ulati o ns appl y to a ll infrastructure to serve the Property
constructed by Owner in the C ity 's ex traterrito rial juri sdicti o n :
Road [mpro ve m e nts :
I. "City of Fort Worth , Texas Access Management Po licy", Ad o pted Jun e 5, 20 18 ,
Effective A ug u st l , 20 18
2. "C ity of Fort Worth , Texas Master T h oro ug hfare Plan ", A dopte d May 3, 2 016 ,
2020 Update Adopted ovember 10 , 2020
3. "Transportat ion E ng ineerin g Manual , Fo rt Worth Transportation and Public
W o rk s Department", June 20 19
4. "P ave ment Des ig n Manual , City of Fort Worth Transportation a nd Publi c
W orks", January 29 , 2 015 , Rev ised December 14 , 20 15
Sto rm water :
I . "C ity of Fort Worth , an iSWM Co mmunity Stormwater Crit e ri a Manual ",
September 29 , 20 15
Second Amendment to Development Agreement -Page 2
Wa te r & Sanitary Sewer :
1. "C ity o ff o rt Wo rth Utilit y Co n stru c ti o n Po li cy", 20 l 9
2. "ln sta ll a ti o n Po li cy a nd Des ig n C rite ria fo r W ate r, W as tewate r, a nd R ec la im e d
Wate r In fras truc ture , C it y of Fo rt Wo rth Wate r De pa rtm e nt", May 20 l 9
Communi ty Fac iliti es:
l. "Co mmuni ty Fac iliti es Ag ree m e nt O rdin a nce", Effecti ve Jun e I. 20 l 9 , A m e nd e d
Jun e 14 , 2022.
2. "Admini st ra ti ve G uid e lin es fo r th e Communi ty Fac iliti es Agree m e nt s
Ordin a nce", Jun e 20 19"
2. The de finiti o n o f "Mi xe d Use T rac t" in A rti c le I is a m e nd e d t o read as fo ll ows:
"Mixed-Use Tract s" mean s th e Mi xed-Use trac t s d e pi cted o n th e Deve lo pm e nt Pl a n,
t ogeth e r w ith a ny a rea a djacent th e re to w hi c h is de pi c ted o n t he Deve lo pm e nt Pl a n as
roadways, utiliti es , p a rk s, o pe n sp ace, a m e ni ty cent e r s, tra il s, sc hoo ls, bu ffe rs a nd floo d
pl a in. A ny refe re nce in th e D eve lo pm e nt Agree m e nt to "Mi xed Use Tract" s ha ll
auto matica l ly refer to Mi xe d Use Trac ts." Th e 4 7 .262 ac re trac t of la nd w ithin th e Pro pe rt y
design a te d fo r mi xed-u se deve lo pm e nt a nd d escrib e d o n E xhibit A a ttache d is refe rre d to
as th e "Seco nd A m e ndm e nt M ixe d-U e Tract". T h e Mi xe d-Use Tracts o th e r th a n th e
Se co nd A m e ndm e nt M ixed-Use T rac t a re referre d to as th e "T hird A m e ndm e nt M ixe d-
Use Tract s".
3 . Se cti o n 2.02 (b) is a m e nd ed t o read as fo ll ows:
(b) Th e P ro perty , o th er th a n th e Seco nd A m e nd m e nt M ixe d-Use Tract (whi c h is govern e d
by Secti o n 2 .0 2(d ), as m o difi e d by th e Second Amendm e nt), m ay be deve lo p ed w ith a
co mbin a ti o n of th e uses pe rmitted in Secti o ns 2.02(a)(i) thro ug h 2 .02(a)(v i) as set o ut in
th e R es id e nti a l Use T a bl e described in Secti o n 2.02(a)(v ii ), to be d e te rmin e d a t Own e r 's
di sc reti o n, prov id e d , however, a m ax imum of 3,634 Res id e nti a l Unit s , includin g th e
R es id e nti a l Unit s co n structed o n th e M ixe d-Use Tract purs u a nt to Secti o n 2 .02( d), but
excludin g th e Res id e nti a l Unit s constru c te d o n th e Seco nd A m e ndm e nt M ixed-Use T ract,
may be co n stru c te d o n th e P ro pe rty. A ny refe re nce to m ax imum R es id e ntial U nit s in th e
Agr ee m e nt o r a ny e xhibits is c ha nge d to 3 ,634 Res id e nti a l U nit s.
4. Secti o n 2.02 (d) is a m e nd e d to in se rt th e fo ll owin g at t he beg inn ing imm e di ate ly after t he
( d) a nd befo re t he (i):
"Thi s s ub secti o n (d ) a ppli es o nl y to t he Seco nd Am e ndm e nt Mi xed-Use T ract."
5. A new ec ti o n 2 .02 (g) is a dded to th e e nd of Section 2 .02, as fo ll ows :
(g) T hi s s ub sect io n (g) a ppli es o nl y to th e T hird A m endmen t M ixed-se Tracts. T h e T h ird
A me ndm e nt Mi xed-Use Tract s m ay be d eve lo pe d w ith th e uses pe rmitte d in th e '·E "
e ig hb o rh ood Co mm e rc ia l D istrict a nd t he "D " M ul t ifam il y Di st ri c t as set o ut in t he
Second Amendment to Development Agreement -Page 3
No nres id e nti a l Use Tabl e co nta in ed in Secti o n 4 .800 of th e Zonin g Ordin a nce , o r a ny
co mbinati o n th e reof, to be dete rmin ed at O w n er 's di sc reti o n . S uc h uses s ha ll be
dev e lo ped in acco rd a nc e w ith Secti o n 4 .9 01 ("E" Ne ig hb o rh ood Co mm erc ia l) and /o r
Secti o n 4. 712 ("D " M ulti fa mil y) of th e Zonin g Ordinance, prov id ed , howeve r, a
max imum of 40 multi fa mil y dwe llin g units per ac re is permitted . Res id e nti a l U nit s
co nstructed o n th e Third Am e ndm e nt M ix ed-Use Tracts s ha ll be co unt ed toward th e
max imum number of R es id e nti a l Units des cribed in Sect io n 2.02(b). No twi th sta ndin g
th e fo re go ing , th e T hird Am e ndment Mi xe d-Use T rac t a t th e N EC of Hwy 114 a nd
Windin g M eadows may no t be use d fo r Mul t ifa m ily use.
6. Th e Noti ce address e s in Secti o n 9.0 1 a re upd ated as fo ll ows:
T o the C ity :
C ity of Fort Worth , Texas
100 F o rt Wo rth T ra il
Fo rt Wo rth , T exas 76 10 2
A ttn: C ity M a nage r
FAX: (817) 392-61 34
C ity o f Fo rt Worth , Texas
2 00 Texas Street
Fo rt Wo rth , Texa s 7 6 10 2
A ttn : De vel o pm e nt Se rv ices Direc to r
FAX : (817)392-7 985
To O wn e r :
H T HWY 114 D eve lo pm e nt LP
2 700 Comme rc e St., S uit e 1600
Da ll as, TX 7 5226
A ttn : Ro b Witte
With a co py to:
Re id Wil so n
W il so n C ribb s + Go re n
1233 Wes t L oo p So uth -8th F loo r
Ho usto n, T exas 77027
rwilson@wcglaw.com
7 . Exhibit C-1 att ach ed he reto, "D eve lopme nt P lan (Maste r Pl an)" s u pe rsedes a nd re pl aces
Exhibit C -1 attac hed to the Ag ree ment a nd F ir st Ame ndm e nt.
8. Exce pt as s pec ifi ca ll y am e nd ed in thi s Third A me nd me nt, t he Ag ree me nt , a nd the F ir st
Second Amendment to Development Agreement -Page 4
A m e ndm e nt sha ll re m a in in full fo rce a nd effect in acco rd ance w ith it s o ri g in a l te rm s a nd
co nditi o n s as to the P ro perty (o th er th a n th e Second Am e ndm e nt M ixed-Use Trac t). T he
C ity a ckn ow le d g e s O w n e r as a s uccesso r t o SLF , a nd th a t TI ho ld s no ass ignm e nt ri g ht s
as s uccesso r to SL T , but re m a in s th e be ne fi c ia ry o f th e ri g ht s und e r th e Agr ee m e nt, as
am e nd e d by th e F irst A m e ndm e nt and th e Second A m e ndm e nt, to th e ext e nt of t he Seco nd
A m e ndm e nt M ixed-Use Tract o nl y. O wner di sc la im s a ny ri g hts o r o bli gati o n s unde r th e
Agr e em e n t , a s amende d , as to th e Seco nd A m e ndm e nt M ixed-Use Tract .
9. Thi s Third A me ndment s ha ll be reco rd e d in th e real p ro pe rty re co rds of D e nto n Co un ty ,
Texas.
l 0. T h e parti es ackn owle d ge th a t, t o th e ir kn ow le dge afte r reaso na bl e inqui ry , ne ith er pa rty is
in de fa ult under th e Ag ree m e nt , no r has an y event occ urre d w hi c h , w ith th e passage of tim e
a nd g iv in g of no ti ce, wo uld co n stitute a default.
11 . The rec it a ls in th e F ir st A m e ndm e nt , and thi s T hird Amendm e nt a re in corporat ed int o th e
Agr ee m e nt and subject to Secti o n 9.18 th e reof.
[The remainder of the page is intentionally left blank.I
Second Amendment to Development Agreement -Page 5
IN WITNESS WHEREOF, each Party ha s caused this Third A mendment to be
executed by its unders igned dul y authorized represe nt a ti ve in multiple co pie s o n the da te or
d a te s indicated bel ow.
ATTEST:
APPROVED AS TO FORM AND
LEGALITY:
"-lli,J ~S2mvr
Ass ist ~nt City Attorn ey
ST A TE OF TEXAS §
§
COUNTY O F TARRANT §
ClTY OF FORT WORTH
This in strum e nt was ac kn ow le d ged be fo re m e , o n the L day of J \J , 2024,
by ~\I.....Q,._~ to,._~, ~\o o ~ ~ of the C ity of Fo rt
Worth, Texas o n behalf of said c ity . ~
My Commission Expires: \\AA.-8 \ \,J J U1-1.-
Second Amendment to Development Agreement -Page 6 OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
HT HWY 114 DEVELOPMENT LP
By: HT Hwy 11 4 Deve lopment LLC, it s ge neral partner
By: HT Hw y 114 LP , its so le member
By: Hine s Hw y 114 LLC, it s ge neral partner
By: Hine s Hwy 114 Associates LP , its sole memb er
By: Hines In vest ment Management Holding s Limited
Partner ship , it s :??4
!Ill__ By LL~
A Na me : Robert W. Witte
T itl e: Se ni or Managing Director
STATE OF TEXAS §
§
COUNTY OF DALLAS §
The fo rego in g in strum ent was ACKNOWLEDGED before me on ::rl.l.r'\(., ;;_!i ,
2024 by Rob e rt W. Witte , the Senior Managing Director of Hines In vest ment Management
Holdin gs Limited Partnersh ip , in it s capacity as ge nera l partner of Hines Hwy 114 Associates LP,
in it s capacity as so le memb er of Hin es Hw y 114 LLC , in its capacity as ge nera l partner of HT
Hwy 11 4 LP , in its capacity as so le member of HT Hwy 114 Development LLC , in it s capacity as
ge neral partner of HT HWY 114 Deve lo pm ent LP , on behalf of sa id entiti es .
[SE A L]
SUSAN HEINEN
NOTARY PUBLIC
STATE OF TEXAS
MY COMM. EXP. 11/15/26
NOTARY ID 12543907-9
.Jlw An d~in&-.
No tar y Public, State of Texas
Printed Name
My Com mi ss ion Exp ir es:
Second Amendment to Development Agreement -Pa ge 7
Exh ibits:
A -Depicti o n o f the P roperty
B-Legal D esc ripti o n of the Property
C -Legal Desc ripti o n of the Second Amendment Mi xe d-Use Tract
Second Amendment to Development Agreement -Page 8
POINT Of
BEGINNING
TRACT 3
EXHIBIT 'A1
CALlll> 1,023.4685 ACRE
lRACT J
PETIIUS IN'IESTMENT, LP.
CC DOC. NO. 20W-23477
D.R .D.C. T.
--,
SLF IV-114
ASSEMBLAGE
TRACT 3
TRADITION
MUD2B
662.91 ACRES
28,876,476 SQUARE FEET
PHASE 2B
PHASE 1
MUD 2B
POINT OF
BEGINNING
0 2000'
ri------J
SCA1£ FEET
1--2000·
NOT WITHIN MUD
BOUNDARY
8.707 ACRES OUTSIDE OF
TRADITION MUD
8.707 ACRES
379,279 SQUARE FEET I 8.707 AC.
~~11~""°\_ I~ ~/ Mu-:__, _____ _
TRACT 1 ~ //. ~ -SLF IV-114
---ASSEMBLAGE
SLF IV-114 SH 114 TRACT 2
ASSEMBLAGE POINT OF TRADITION MUD 1
~~~:l~G 47.262 ACRES TRACT ONE
384.041 ACRES
16,728,840 SQUARE FEET
B000788.003
A metes and bounds descri ption of eve n
d ate acco mpan ies this dra w ing.
APRIL 23, 2015
~DUNAWAY
550 Bailey Averwe • SUte 400 • For1 Worth. Texw 76 107
2.058, 725 SQUARE FEET
TRADITION
EXHIBIT OF
PAGE 1 OF 1
SLF IV-114 ASSEMBLAGE, LP.
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2B ,
AND OUTSIDE OF MUD 2B
BOUNDARIES
DENTON COUNTY; TEXAS !; T~:~~Jr~~~~~~~-137
!l!;:::;;;;:;::::::==========;:;;;=====:;::;;;::::;;:;;;;;::=;;;::::;;;;;;;::::;;;;:::;;;::;::;;;::::;;;::!J
Third Amendment to Development Agreement -Page 9
EXHIBIT 'B'
SLF IV-114 ASSEMBLAGE, LP ., PROPERTY WITH IN TRADITION MUD 1
METES & BO UND S
SLF lV-114 ASSEMBLAGE TRACT 1
BEING a 384 .11 acre tract of land situated in the Guadalupe Card inas Survey, Abstract No. 214, Denton County, Te xas, said
tract be ing all of a called 310 .43 acre (Tract 1) tract of lan d described i n deed to SLF IV -114 Assemblage, LP ., as recorded in
Cou nty derk Document No . 2014-47796, Deed Records Denton County, Texas (D.R.D.C.T.); all of a called 0 .6807 acre (Tract lA)
tract of land describ ed In deed to SLF IV -· 114 Assemblage, LP ., as rec orded In County Clerk Document No. 20 14-4785 6,
D.R.D.C.T.; all of a called 31.01 acre (Tract 1) tract of land de sc ribed in deed to SLF IV -114 Assemblage, L.P ., as recorded in
County Clerk Document No . 20 14-47855, D.R.D.C.T.; all of a called 30 .00 acre (Tra ct 2) tract of land described in deed to 5LF IV -
114 Assemblage, L.P., as recorded in Cou nty Clerk Document No . 2014-47855, D.R.D .C.T.; all of a called 0 .0944 acre (Tract 1)
t ra ct of land described in deed to SLF IV -114 Assemblage , L P., as recorded in Cou nty Clerk Document No . 201 4-47854,
D.R .D.C.T .; all of a called 5 .814 acre (Tract 2) tract of land described in deed to SLF IV -114 Assemblage, L P., as recorded in
County Cle rk Docu ment No . 2014-47854, D.R.D.C.T .; and all of a cal led 6.090 acre (Tract 3) tract of land descr ibed in deed to
SLF IV -114 As semblage, L P., as recorded in County Clerk Document No . 2014-47854, D.R.O.C.T., said 384.11 acre tract be ing
more particularly described as follows :
BEGINNING at a found 5/8-lnch iron rod w ith cap stamped "DUNAWAY ASSOC. LP" for the northwest corner of sa i d 310.43 acre
tract, and being on the east line of a cal led 15.22 acre tract of la11d described in deed t o The 1990 Betty Marie McIntyre
Irrevocable Trust, Et Al, as recorded in Volume 29 06, Page 363, D.R .D.C.T., said point also being the southwest corner of a
called 330 .21 ac re (Tract 3) tract of land described i n deed to SLF IV -114 Assemblage , LP, as rec orded in Docu ment No .
2014-47856, D.R.D.C.T., sa id poi nt being w ithin Harriet Creek;
THENCE South 86 degrees 14 minutes 27 seconds Ea st, along the common north line of sa id 310.43 acre tract and the south
line of said 330.21 acre tract, a distance of 222 .13 feet to a found 1/2 inch i ron rod w ith a p lastic cap stamped "G OODWIN &
MARSHALL" for corne r near the south ban k of a Harriet Creek;
THENCE South 52 degrees 34 minutes 22 seconds East, con tinuing al ong said common line, a distance of 867.86 feet to a point
for corner within said Harriet Creek;
THENCE South 44 degrees 08 m i nutes 03 seco nds East, co ntinu ing along said com mo n line, a distance of 999 .83 feet to a found
5/8 inch Iron rod w ith a plastic cap stamped "DUNAWAY ASSOC . LP" for corner within sa id Harriet Cr eek ;
THENCE South 65 degrees 58 minutes 36 secon ds Ea st, co ntinu i ng along said common line . a distance of 1029.91 feet to a
point for corner within said Harr iet Creek;
THENCE North 90 degrees 00 minutes 00 seconds Ea st, con tinuing along said common line, a distance of 773 .30 feet to a found
1/2 inch iron rod w ith a plastic cap stamped "G OODWIN & MARSHALL " for the northeast corner o f said 310.43 acre tract and
the most southerly southeast co mer of said 330 .21acre tract , said corner being on t he west line of a ca lled 97 .4 1 ac re (Tract 1)
tract of land described in deed to SLF IV -114 Assemblage , L.P., as record ed in County Oerk Document N o . 20 14-47857,
D.R.D.C.T .;
THENCE South 00 degrees 07 m inutes 11 seconds Ea st, along the ea st line of said 310 .43 acre tract and the west l ine of sai d
97 .41 acre t ract, a distance of 860.88 feet t o a found 5/8 Inch Iron rod with a plastic cap st3mped "DUNAWAY ASSOC . LP" for
the most easterly southeast corner of sai d 310.43 acre tract, said corner being the northeast line of a tract of land described in
deed to The Atchison, Topeka and Sa nta Fe Railway Company, as recorded i n County derlc Document No. 93-20408, D.R.O.C.T.,
said corner also being the northwest li ne of a tract of land described in deed to The Atch ison , Topeka and Santa Fe Railway
Company, Notice of Lis Pendens, as reco rd ed In Volume 3450, Page 59 , D.R .O.C. T.;
con tinued next page ...
B000788 .003
A drawing of even date accompan ies
this metes and bounds description .
APRIL 15, 2015
,$'DUNAWAY
550 aolsy Avenue • Sule -400 • fort Worfh, Texas 76107
Tel : 817.335 .1121 • Fax: 817.335.7.C7
ARM REGISTRATION 10098100
Third Amendment to Development Agreement -Page 10
PAGE 1 OF 8
TRADITION
EXHI BIT OF
SLF IV-114 ASSEM BLAGE, L.P.
PROPERTY WITHIN
TRADITION MUD 1 A ND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
EXHIBIT 1B'
SLF IV-114 ASSEMBLAGE, l.P., PROPERTY WITHIN TRADITION MUD 1
METES & BOUNDS
SLF lV-114 ASSEMBLAGE TRACT 1 continued ...
THENCE South 44 degrees 26 minutes 33 seconds West, along said 310.43 acre tract and the northwest line of said Atch ison, Topeka
and Santa Fe Railway Company tract, a distance of 2253. 73 feet to a found 5/8 Inch iron rod for corner;
THENCE North 47 degrees 17 minutes 20 seconds West, along said 310 .43 acre tract and said Atchison , Topeka and Santa Fe Railway
Company tract, a distance of 24.73 feet to a found 5/8 i nch iron rod for corner;
THENCE South 44 degrees 27 minutes 42 seconds West, along said 310.43 acre tract and the northwest line of sa id Atchison, Topeka
and Santa Fe Railway Company tract, a distance of 1121.43 feet to a found TXDOT monument for the southeast corner of said 310 .43
acre tract and an ell corner of said Atchi son, Topeka and San ta Fe Rai lway Company tract;
THENCE South 89 degrees 47 minutes 35 seconds West, along the south line of sa id 310.43 acre tract and the north line of said
Atch ison , Topeka and Santa Fe Railway Company tract, a distance of 286 .33 feet to a found TXDOT monument for the corner of said
Atchison, Topeka and Santa Fe Railway Company tract, said point also being on the north right-of-way line of State Highway 114
(variable width);
THENCE South 84 degrees 30 minutes 06 seconds West, along the north right-of-way line of said State Highway 114, a distance of
620.10 feet to a point for a southwest corner of said 310.43 acre tract and the southeast corner of said 30 .00 acre tract;
THENCE South 84 degrees 37 minutes 24 seconds West, continuing along the north right-of-way line of said State Highway 114, a
distance of 82 .91 feet to a found TXDOT monument for an angle point;
THENCE South 89 degrees 49 minutes 00 seconds West, continuing along the north right-of-way line of sa id State Highway 114, passing
at a distance of 667.40 feet a found 5/8-inch Iron rod with cap stamped "DUNAWAY ASSOC. LP " for the southwest corner of said 30 .00
acre tract and the southeast corner of said 6 .090 acre tract, continuing to pass at a cumulative distance of 938 .24 feet a found 5/8-l nch
iron rod with cap stamped "DUNAWAY ASSOC . LPu for the southwest corner of sa id 6.090 acre tract and a southeast corner of sa i d
310 .43 acre tract, continuing to pass at a cumulative distance of 1108.24 feet a found 5/8-i nch iron rod with cap stamped "DUNAWAY
ASSOC. LP" for a southwest corner of sa id 310 .43 acre tract and the southeast corner of said 5.814 acre tract, continu ing i n all a t otal
distance of 1248. 76 feet to a found TXDOT monument for a Jog In the north r ight-of-way line of sa id State Highway 114;
THENCE North 00 degrees 31 minutes 37 seconds West, along said jog in the north right-of-way line of said State Highway 114, a
distance of 14.98 feet to a found TXDOT monument for the end of said jog;
THENC E South 89 degrees 49 minutes 58 seconds West, along the north r ight-of-way line of said State Highway 114, pass ing at a
distance of 124.67 feet a found 1/2-inch iron rod for the sollthwest corne r of sa id 5 .814 acre tract and the southeast corner of sa id
31 .01 acre tract, and cont inu ing a total distance of 250.07 feet to a found TXDOT monument for a j og In the north right-of-way line of
said State Highway 114;
THENCE South 00 degrees 15 minutes 07 seconds East, along said Jog in the north right-of-way line of said State Highway 114, a
distance of 14.73 feet to the end of said jog;
THENCE South 89 degrees 47 minutes 07 seconds West, along the north right-of-way line of said State Highway 114, a distance of
240 .13 feet to a found TXDOT monument for the southwest corner of said 31.01 acre tract and the southeast corner of a called 435 .5
acre tract of land described in deed to The 1990 Betty Marie M cI ntyre Irrevocable Trust, Et Al, as recorded in Volume 2906, Page 363,
D.R.D.C.T .;
continued next page ...
8000788 .003
A drawing of even date accompanies
th is metes and bounds description.
APRIL 15, 2015
~DUNAWAY
S50 Boiey Avenue • SUie -400 • Fort Worth , Texos 7 61 rJ7
Tol:817.33S.1121 • Fm::817.335 .7~7
FIRM REGISTRATION 10098100
Third Amendment to Development Agreement -Page 11
PAGE 2 OF 8
TRADITION
EXHIBIT OF
SLF IV-114 ASSEMBLAGE, L.P.
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
EXHIBIT 1B1
SLF IV-114 ASSEMBLAGE, L.P ., PROPERTY WITHIN TRADITION MUD 1
METES & BOUNDS
SLF lV-114 ASSEMBLAGE TRACT 1 continued ...
THENCE North 00 degrees 31 minutes 57 seconds West, along the west l ine of said 31 .01 acre t ract and the east line of said 43S .S acre
tract, a distance of 3700.81 feet to a found 1/2-inch iron rod for the northwest corner of said 31.01 acre tract, said po i nt being on the
south line of a called 78 acre tract of land described in deed to The 1990 Betty Marie McIntyre Irrevocable Trust, Et Al, as reco rded in
Volume 2906, Page 363, D.R .D.C .T.;
THENCE North 89 degrees 40 minutes 18 seconds East, along a north line of said 31.01 acre tract and the south line of said 78 acre
McIntyre tract, passing at a distance of 365.46 feet a found 1/2-inch Iron rod with cap stamped "SENTCORP RPLS 4001 " for the
northeast corner of said 31 .01 acre .tract and a northwest corner of said 310.43 acre tract, and continu ing along the north line of said
310.43 acre tract a total distance of 1826.63 feet to a found 1/2 inch iron rod for an ell corner of said 310 .43 acre tract and the
southeast corner of said 78 ·acre tract;
THENC E North 00 degrees 22 minutes 14 seconds West, along the west line of said 310.43 acre tract, the east lines of sa id 78 acre
McIntyre tract and a called 15.22 acre tract of land described in deed to The 1990 Betty Marie McIntyre Irrevocable Trust, Et al, as
recorded In Volume 2906, Page 363, D.R.D .C.T ., a distance of 1294.93 feet to the POINT OF BEGINNING and containing 384.11 acres
(16,732,018 square feet) of land , more or less.
SLF 1 V-114 ASSEMBLAGE TRACT 2
BEING a 47 .26 acre tract of land situated in the Guada lupe Cardinas Survey, Abstract No. 214, Denton County, Texas, said tract being
all of a called 47.26 acre tract of land described in deed to SLF IV-114 Assemblage , LP ., as recorded in County Clerk Document No.
2014-47853, Deed Records Denton County, Texas (D.R.D.C.T .), said 47.26 acre tract being more particularly described as follows :
BEG INNING at a found TXDOT monument for the southeast corner of said 47 .26 acre tract, said corner being on the apparent north
right-of-way line of State Highway 1'14 (variab le width);
THENCE South 89 degrees 48 minutes 35 seconds West, along the apparent north right-of-way line of said State Highway 114, a
distance of 1072.86 feet to a found TXDOT monument for an ang le point;
THENCE North 86 degrees 30 minutes 01 second West, along the apparent north right-of-way line of sa id State Highway 114, a
distance of 900 .15 feet to a found TXDOT monument for the intersection of the apparent north right-of-way line of said State Highway
114 with the east line of a tract of land described in deed to The Atchison, Topeka and Santa Fe Railway Company, as recorded in
County Clerk Document No. 93-20408, D.R.D.C.T.;
THENCE North 44 deg rees 26 minutes 33 seconds East, along the west line of said 47 .26 acre tract, a distance of 2809 .66 feet to a
found 5/8 inch iron rod for the north comer of said 47 .26 acre tract, said corner being on the west line of a called 222 .4838 acre tract
of land described in deed to MAW River's Edge LP ., as recorded in County Clerk Document No. 2005-11599, D.R.D.C.T.;
TliENCE South 00 degrees 06 minutes 43 seconds East, along the east line of said 47 .26 acre tract and the west li ne of said 222.4838
acre tract, the west line of Rive r's Edge, an addition to the City of Fort W o rth, as recorded in Cabinet V, Slide 465, Plat Re cords Denton
County, Texas (P .R.D.C.T .), the west line of River's Edge , Phase 2, an addition to the City of Fort Worth, as recorded in County Clerk
Document No. 2009-32, P.R.D.C.T., and the west line of a called 4.4365 acre tract of land described in deed to MAW River's Edge L.P .,
as recorded in County Clerk Document No. 2005-11599, D.R.D .C.T., a distance of 2057 .36 feet to the POINT OF BEGINN ING and
containing 47 .26 acres (2 ,058,827 square f eet) of land, more or less .
B000788 .003
A drawing of even date accompanies
this metes and bounds description.
APRlt 15, 2015
~DUNAWAY
550 Bailey Avenue • Suite 400 • For! WClflh. Tcxos 74107
Tel:817.335 .1121 • Fa>c817.335.7-437
FIRM REGISTRATION 10098100
Third Amendment to Development Agreement -Page 12
PAGE 3 OF 8
TRA DI TION
EXHI BIT OF
SLF IV-114 ASSEMBLAGE, LP.
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
EXHIBIT 'B'
SLF IV-114 ASSEMBLAGE, LP., PROPERlY WITHIN TRAD IT ION MUD 2
METES & BOUNDS
SLF lV-114 ASSEMBLAGE TRACT3
BEING a 662 .91 acre tract of land si tuated in the William D. Redd Survey , Abstract No . 1125, the James Cheshier Survey, Abstract No .
225, and the Guadalupe Card inas Survey, Abstract No . 214 , Denton County, Texas, said tract being all of a called 50.00 acre t ract of
land described as "Tract 2" in deed to SLF IV-114 Assemblage, L.P ., as recorded in County Clerk Document No . 2014-53143, Deed
Records of Denton County, Texas (D .R.D.C.T .), and also being all of a called 46 .00 acre t ra ct of land des cribed as "Tract 2" in deed to
SLF IV-114 Assemblage, L.P ., as recorded in County Clerk Document No . 2014-47857, D.R.D.C.T., and also be ing all of a called 148.00
acre tract of land described as ''Tract 1" in said deed to SLF IV-114 Assemblage, L.P ., as recorded in County Clerk Document No .
2014-53143, D.R.D.C.T., also being all of a calle d 330 .21 acre tract of land described as "Tract 3" in said deed to SLF IV-114
Assemblage , L.P ., as recorded in County Cle rk Document No. 20 14-47856, O.R.D .C.T., and also being a part of a called 97 .41 acre
tract of land descri bed as "Tract 1" in said deed to SLF IV-114 As semblage, LP., as reco r ded in County Clerk Document No.
2014-47857, D.R.D.C .T., said 662 .91 acre tract being more particularly described as follows :
BEG IN NING at a found P.K. Nail in asphalt within Sam Reynolds Road (variable width) for the northwest corner of said 50.00 acre
tract;
THENCE North 89 degrees 56 minutes 13 seconds East, al ong the north line of sai d 50 .00 acre tract, a distance of 4,660 .47 feet to a
found 1/2-inch iron ro d with plastic cap sta mped "RPLS 5439" (herein referred to as "with cap") for the northeast corner of sa id
50.00 acre tract;
THENCE South 00 degrees 02 minutes 37 seconds East, along the east li ne of said 50 .0 0 acre tract,·a.distance of 27.00 feet to a found
1/2-inc h iron rod for an angle point;
THENCE South 00 deg rees 11 minutes 59 seconds West, continuing along the east line of said 50 .00 acre tract, a distance of 185 .95
feet to a 600 na il for an angle poin t;
THENCE So uth 01 degree 01 minute 11 seconds East, continuing along the east li ne of sai d 50 .00 acre tract, a distance of 186.02 feet
to a found 1/2-inch iro n rod w ith red cap stamped "ALLIANCE " for an angle point;
THENCE South 00 degrees 18 minutes 15 seco nds East, continuing along the east li ne of said 50 .00 acre tract, a distance of 68 .40
fee t t o a found 1/2-inch iron rod with yellow cap sta mped "RPLS 5439" for the so utheast corner of said 50 .00 acre Johnson Bank
tra ct and the northeast co rne r of said 46.00 acre t r act;
THENCE South 00 degrees 19 minutes 44 seconds East , along the east li ne of sa id 46.00 ac re tract, a distance of 117 .99 feet to a
found 1/2-inch iron ro d with cap for an ang le point;
TH EN CE South 00 degrees 16 minutes 02 seconds East, co nti nu ing along t he ea st llne of sa id 46.00 ac re tract, a dis tance of 185.64
feet to a found 1/2-inch iron rod for an angle poi nt;
THENCE So uth 00 deg re e s 14 m inutes 59 seconds East, continu i ng along the east l i ne of sai d 46.00 acre tract, a dist ance of 126 .1 0
feet t o a found 1/2-i nch I ro n rod with cap for the so utheast corner of said 46.00 acre tract and the northeast co rner of said 148.00
acre tract;
THENCE South 00 degrees 25 minutes 32 seconds Ea st , along the east line of said 148.00 acre tract, a distance of 60 .38 f eet to a
found 1/2-l nch Iron rod for an angle point;
continued on next page ...
6000788.003
A drawing of even date accom panies
ttiis metes and bounds descripti on.
APRIL 15, 2015
,$'DUNAWAY
550 Baiey Averoe • Suite -«Xl • Fort Worth, TIIX05 76 107
Tel: 817.335.1121 • Fax: 817.335.7437
FIRM REGISTRATION 100981 00
Third Amendment to Development Agreement-Page 13
PAGE4 Of 8
TRADITION
EXHIBIT OF
SLF IV -114 ASSEMBLAGE, LP.
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
EXHIBIT 'B'
SLF IV-114 ASS EMBLAGE , LP., PROPERTY WITHIN TRADITION MUD 2
METES & BOUNDS
SLF lV-114 ASSEMBLAGE TRACT 3 continued ...
THENCE South 00 degrees 03 minutes 07 seconds West, continuing along the east line of said 148.00 acre tract, a distance of 186.20
feet a found 1/2-inch Iron rod for an angle point;
THENCE South 00 degrees 28 minutes 16 seconds East, continuing along the east line of said 148.00 acre tract, a dist an ce of 186 .11
feet to a found 1/2-i nch iron rod for an angle point;
THENCE South 00 degrees 08 minutes 31 seconds East, continuing along the east line of sai d 148 .00 acre t ract, a distance of 371.95
feet to a found 1/2-i nch iron rod for an angle point;
THENCE South 00 degrees 16 minutes 37 seconds Ea st, continuing along the east line of said 148.00 acre tract, a distance of 558 .49
feet to a found 1/2-inch iron rod for an angle point;
THENCE South 00 degrees 12 minutes 23 seconds East, continuing along the east li ne of sa id 148.00 acre tract, a distance of 186.22
feet to a found 1/2-inch Iron rod for an angle point;
THENCE South 00 degrees 21 minutes 29 seconds East, continu in g along the east line of said 148.00 acre tract, a distance of 1,198.93
feet to a found 1/2-inch iron rod with cap for the so utheast corner of said 148.00 acre tract and an ell corner of said 330.21 ac re
tract;
THENCE South 00 deg rees 21 m inutes 42 seconds East, along the northerly line of said 330 .21 acre tract, a distance of 55 .05 feet to a
found Mag nail w ith shiner In asphalt w ithin Sam Reynolds Road (variab le width);
THENCE North 89 degrees 56 minutes 15 seconds East, along the north line of said 330.21 ac re tract, a distance of 3,409 .24 feet to a
fou nd 60D nail with shiner In asphalt within said Sam Reynolds Road for the northeast corner of said 330 .21 acre tra ct;
THENCE South 00 degrees 15 minutes 21 seconds East, along east line of said 330 .21 acre tract, a distance of 1,482 .10 feet to a
found 1/2 inch i ron rod for the most easterly southeast comer of said 330 .21 acre tract and the northeast corne r of sa id 97.41 acre
tract;
THENCE South 00 degrees 24 minutes 47 seconds East, along the east line of said 97 .41 acre tract, a distance of 509.06 feet to a
found 5/8-inch iron rod with cap stamped "DUNAWAY ASSOC . LPn for the northeast corner of a called 17.852 acre easement tract of
land described in Ag reed Judgment, No . CV-93-00004-C, as re corded in County Clerk Document No . 2014-46905, D.R.D.C.T., and in
Volume 66, Page 104, Denton County District Court Records, said corner being on a ci rcu lar curve to the left, having a radius of
5,829.65 feet and whose chord bears South 54 degrees 04 minutes 45 seconds West, a distance ofl,951.17 feet;
THENCE Southwesterly, along sa id 17 .852 acre easement tract and sa id curve t o the left, through a centra l angle of 19 degrees 16
minutes 03 seconds, an arc distance of 1,960.39 feet to a found 5/8-i nch iron rod with cap stamped "DUNAWAY ASSOC. LP" for the
end of said curve ;
THENCE South 44 degrees 26 minutes 44 seconds West; continuing along said 17.8S2 acre easement tract, a distance of 27 .66 feet
to a found 5/8-i nch iron rod w ith cap stamped "DUNAWAY ASSOC. LPn for corner ;
continued on next page ...
6000788.003
A drawing of even date accompanies
th is metes and bounds description .
APRIL 15, 2015
.$'DUNAWAY
S508oileyAvenue • Sulle-400 • FortW<lrth. Texas 76107
Tel: 817.335 .1121 • Fax: 817.335.7"437
FIRM RfGISIRATlON 10098Hl0
Third Amendment to Development Agreement -Page 14
PAGE 5 Of 8
TRA DIT ION
EXHIBIT OF
SLF IV-114 ASSEMBLAGE, LP.
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
EXHIBIT 'B'
SLF IV-114 ASSEMBLAGE , L.P ., PROPER1Y WITHIN TRADITION MUD 2
METES & BOUNDS
SLF lV-114 ASSEMBLAGE TRACT 3 con t inued ...
THENCE North 45 degrees 33 minu.tes 16 seconds West, continuing along said 17 .8S2 acre easement tract, a distance of 50 .00 feet
to a found S/~-inch iron rod with cap stamped "DUNAWAY ASSOC. LP " for corner;
THENCE South 44 degrees 26 minutes 29 second West, continuing along said 17 .8S2 acre easement tract, a distan ce of 1,446.34 feet
to a found 5/8 inch iron rod for the northwest corner of said 17.852 acre easement tract and the northeast corner of a tract of land
descri bed in deed to The Atchison, Topeka and Santa Fe Railway Co m pany, as recorded in County Clerk Doc u ment No . 93-20408,
O.R.D.C. T.;
THENCE North 00 degrees 07 m inutes 11 seconds Wes t, along the west line of sa id 97.41 acre tract, a distance of 860 .88 feet a
found 1/2 inch iron rod with a plastic cap stamped "GOODWIN & MARSHALL " for the most southerly southeast corner of said 330 .21
acre tract;
THENCE North 90 degrees 00 minutes 00 seconds West, along the southwest li ne of sa i d 330.21 acre tract, a distance of 773 .30 feet
to a poi nt for corner within Harriet Creek;
THENCE North 65 degrees 58 minutes 36 seconds West, continuing along the southwest line of ~aid 330 .21 ac re tract , a distance of
1,029 .91 feet to a found 5/8 inch Iro n rod with a plastic cap stamped "DUNAWAY ASSOC. LP " for corner with in said Harriet Creek,
from which a found 1/2 inch iron rod w ith a plastic cap stamped "GOODWIN & MARSHALL" bears North 66 degrees 30 minutes 20
seconds West, a distance of 0 . 74 feet;
THENCE North 44 degrees 08 minutes 03 seconds West, continuing along the southwest line of said 330.21 acre tract, a distance of
999 .83 feet to a point for corner within sa id Harriet Creek ;
THENCE North 52 degrees 34 minutes 22 se conds West, continuing along the southwest line of sa id 330.21 acre t ract, a distance of
867.86 feet to a found 1/2 inch iron rod w ith a plastic cap stamped "GOODWIN & MARSHALL" for corner near the south ban k of said
Harriet Cree k;
THENCE North 86 deg rees 14 minutes 27 seconds West, continuing along the southwest li ne of said 330 .21 acre tract, a distance of
222 .13 feet to a found 5/8 inch iron rod with a p lastic cap stamped "DUNAWAY ASSOC. LP " for an ell corner of said 330 .21 acre
tract;
THENCE North 00 degrees 22 minutes 44 seconds West, conti nuing along the southwest li ne of said 330 .21 acre tract, a distance of
102.53 feet t o a found 5/8 inch Iron rod with a plastic cap stamped "DUNAWAY ASSOC. LP " for corner;
THENCE North 57 degrees 46 minu t es 29 second West, conti nuing along the southwest line of said 330 .21 acre tract, a distance of
253 .45 feet to a found 1/2 inch iron rod for corner;
THENCE North 00 degrees 21 minutes 19 seconds East, along the west fine of sa id 330.2 1 acre tract, a distance of 1,372.86 feet to a
found PK nail for corner in the turn of an asphalt road known as Sam Reynolds Road ;
continued on next page ...
B000788 .003
A drawing of even date accompanie s
th is metes and bounds description .
APRIL 15, 2015
..$'DUNAWAY
550i!alleyAvenue • Suile-400 • FortWorlh. Texas76 107
Tel: 817.335.1121 • Fax: 817.335.7~7
ARM REGISTRATION I 0098100
Third Amendment to Development Agreement -Page 15
PAGE 6 OF 8
TRADITIO N
EXHIBIT OF
SLF IV-114 ASSEMBLAGE, LP.
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
EXHIBIT 'B'
SLF IV-11 4 ASSEMBLAGE, l.P., PROPERTY WITH IN TRADITION MUD 2
METES & BOUNDS
SLF lV-114 ASSEMBLAGE TRACT 3 continued ...
THENCE North 00 degrees 12 m inutes 20 seconds West, continuing along the west line of sa id 330 .21 acre tract, pass i ng at a
distance of 1,206.47 feet to a found Mag nai l w ith shiner In asphalt within said Sam Reynolds Road for the northwest co rner of said
330.21 tract, said co rn e r being the southwest corner of said 148.00 acre tract, and continuing within said Sam Reynolds Road and
along the west line of said 148.00 acre tract, a tota l distance of 2,782.96 feet to a found railroad spike for the an ell corner of said
148 .00 acre tract;
THENCE Sou th 89 degrees 52 minutes 21 seconds West, within said Sam Reynolds Road and along the westerly south line of said
148.00 acre tract, a distance of 1,909.35 feet to a found 5/8-inch iron rod for the most westerly southwest corner of said 148 ac re
tract;
THENCE North 00 degrees 09 minutes 08 seconds West, within sa id Sam Reynolds Road and along the west line of said 148.00 acre
tract, pass i ng at aa distance of 18.67 f ee t a found 1/2-inch iron rod with cap for t he most westerly northwest corner of said 148 .00
acre tract, sa id comer being the so uthwest corner of sa id 46.00 acre tract, and continuing along t he west line of said 46.00 acre
t ract, passing at a cumula tive distance of 448 .40 feet a found 1/2-inch iron rod within said Sam Reynolds Road for the northwest
corner of said 46.00 acre tract and a southwest corner of said 50.00 acre tract, and continuing along the west line of said 50 .00 acre
tract, a total cumu lative distance of 915 .74 feet to the POINT OF BEGINN ING and containing 28,876,476 square feet or 662 .91 acres
of land, more or less .
Bearings are based upon the Texas State Plane Coordinate System {NAD83), North Central Zone 4202, and are based upon GPS
measurements made on the ground. Distance values are "surface" derived from grid data by utilizing the Denton County Surface
Scale Facto r of 1.00015063, as publishe d by Tx DOT.
PROPERTY OUTS IDE OF TRADITION MUD BOUNDARY ON NEXT PAGE
8000788 .003
A drawing of even date accompanies
this metes and bounds description.
APRIL 15, 2015
.$'DUNAWAY
550 Baley Aveooe • Sule .WO • fort Worth, Texas 7 6107
Tel: 817.335.1 121 • Fax: 817.335J437
ARM REGISTRATION 10098100
Third Amendment to Development Agreement-Page 16
PAGE 70F8
TRADITION
EXHIBIT OF
SLF IV-114 ASSEMBLAGE, LP .
PROPERTY WITHIN
TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
,,;
EXHIBIT 'B'
SLF IV-114 ASSEMBLAGE, LP., PROPERTY OUTSIDE OF TRA DITION MUD BOUNDARY
METES & BOUNDS
BEING a 8 .707 acre tract of land situated i n the Guadalupe Cardinas Survey, Abstract No. 214, Denton County, Texas, said tract being a
part of a called 97.41 acre tract of land described as "Tract 1" in said deed to SLF IV-114 Assemblage, LP., as recorded in County Clerk
Document No . 2014--47857, Deed Records of Denton County, Te xas (D .R.D.C.T.), said 8 .707 acre tract being more particularly described
as follows :
BEG INNING at a found 5/8-lnch iron rod with cap stamped "DUNAWAY ASSOC. LP " on the west line of sa id 97 .41 ac re tract and being
the most easterly so utheast corner of a called 3 10.43 acre (Tract 1) tract of land described in deed to SLF IV -114 Assemb lage , LP ., as
recorded in County Clerk Document No. 2014-47796, D.R.D .C.T., being the northeast corner of a tract of land described In deed to The
Atchison, Tope ka an d Santa Fe Ra ilway Company, as rec orded in County Oerl< Document No . 93-20408, D.R .D.C.T ., and being the
northwest corner of a called 17 .852 acre easement described in deed to The Atchison, To pe ka and Santa Fe Railway Company Agreed
Judgment, County Clerk Document No . 2014-46905, D.R.D.C .T.;
THENCE North 44 degrees 28 minutes 29 seconds East, crossing sa id 97.41 acre t ract along the north line of sai d 17 .852 acre
easement, a d istance of 1446.34 feet to a found 5/8-lnch iron rod w ith cap stamped "DUNAWAY ASSOC. LP " for an angle point;
THENCE South 45 degrees 33 minutes 16 seconds East, continu ing across said 97 .41 acre tract an d along the north li ne of said 17.852
acre easement, a distance of 50 .00 feet to a found 5/8-inch i ro n rod with cap stamped "DUNAWAY ASSOC. LP" for an angle point;
THENCE North 44 degrees 26 minutes 44 seco nds East, continuing across said 97.41 acre tract and along the north line of said 17 .852
acre easement, a distance of 27.66 feet to a found 5/8-i nch iron rod with cap stamped "DU NAWAY ASSOC. LP " for the beginning of a
curve to the right, havin g a radius of 5829.65 feet and whose chord bears North 54 degrees 04 minutes 45 seco nds East, a distance of
1951.17 feet;
THENCE Northeasterly, continuing across sai d 97 .41 acre tract, along the north line of said 17 .852 acre easement and a long said curve
to the right, through a central angle of 19 degrees 16 minutes 03 seconds, and an arc length of 1960.39 feet to a found 5/8-inch iron
rod with cap stamped "DUNAWAY ASSOC . LP" for the end of said curve and on the east line of said 97.4 1 acre tract;
THENCE South 00 degrees 24 m inutes 47 seconds East, along the east line of said 97 .41 acre tract, a distance of 97.42 feet to a point
for the southeast comer of said 97.41 acre tract and the beginn ing of a curve to the left, having a radius of 5742.22 feet and whose
chord bears South 53 degre es 52 minutes 02 seconds West, a distance of 1879.94 feet;
THENCE Southwesterly, along the southeast line of said 97.41 acre tract, crossing sa id 17.852 acre easement and along said curve to
the left, through a central angle of 18 degrees SO minutes 34 seconds, and an arc length o f 1888.44 feet to a point for the end of said
curve;
THENCE South 44 degrees 26 minutes 29 se conds West, continuing long t he southeast line of said 97 .41 acre tract and crossing sa id
17.852 acre easement, a distan ce of 1613 .63 feet to t he southwest corner of said 97 .41 acre t ract;
THENCE North 00 degrees 07 minutes 11 seconds West, along the west line of sa id 97 .4 1 acre tract and t he east li ne of said Atchiso n,
Topeka and Santa Fe Railway Company tract recorded in County Clerk Document No . 93-20408, D.R.D.C.T ., a distance of 195.96 feet to
t he POINT OF BEGINNING and containing 8 .707 acres (379 ,279 sq ua re feet) of land , more or less .
Bearings are based upon the Texas St at e Plane Coordinate System (NAD83), North Cen tra l Zone 4202 , and are based upon GPS
measurements made on the ground . Distance values are "surface• derived from grid data by utilizing the Denton County Surface Scale
Factor of 1.00015063, as published by TxDOT .
8000788.003
A drawing of even date accompanies
this metes and bounds description .
APRIL 15, 2015
~DUNAWAY
550BaieyAvenue • Sule@• FortWorth. lexos76l07
Tel: 817.335.112 1 • Fae 817.335J"37
FIRM REGISTRATION 10098100
Thi rd Amendment to Development Agreement -Page 17
PAGE 8 OFS
TRADITION
EXHIBIT OF
SLF IV-114 ASSEMBLAGE, LP .
PROPERTY WITHIN
-TRADITION MUD 1 AND MUD 2,
AND OUTSIDE OF MUD
BOUNDARIES
DENTON COUNTY, TEXAS
Exhibit "C-1 "
TRADITION OVJEIRAJLJL IPHASJE :MAP
I
~(0-t!lBJSURVE'!Ci.:
Third Amendment to Devel opment Agreement -Page 18
N
W+E
s
TRADIDON ....,
,...,ACH>
SITUAffDlNTIE
OUAIMLUP£CAIDINASSlMvtn'.
Aast'llACTN0.214
"'""' CITY OP FORT WORlH ETJ,
DENTON COUNTY, TEXAS
FEBRUARY, 2024
SHEl?I'I Oflt